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|||Page|
|---|---|---|
|Legal and administrative
information|||
|Council ofManagement's
report||2-6|
|Auditors'
report to the Council ofManagement|members|7-9|
|Statement offinancial activities||10|
|Balance sheet|||
|Statement ofcash flows||12|
|Notes to the financial
statements||13 - 26|
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|Charity number|Charity number||288008|||
|---|---|---|---|---|---|
|Company|registration|number|01759054|||
|Business address|||9Tavistock|Place||
||||London|||
||||WC1H 9SN|||
|Registered|office||9Tavistock|Place||
||||London|||
||||WC1H 9SN|||
|Council of|Management||Linda Chung||Chair|
||||Kim Suan Tan||Vice Chair|
||||Edward Tsui||Treasurer|
||||Annie Lee|||
||||'Sandy Smith|||
||||Julie Chan|||
||||Yongyi Neathercoat|||
|Auditors|||Leftley Rowe Jk Company|||
||||2nd Floor, 87 Kenton Road|||
||||Harrow|||
||||Middlesex|||
||||HA3 OAH|||
|Bankers|||Lloyds TSB|Bank Pic||
||||Westminster|House||
||||I 1 Portland|Street||
||||Manchester|||
||||Ml 3HU|||
||||Santander
UK Pic|||
||||Bridle Road|||
||||Bootle|||
||||Merseyside|||
||||L304GB|||
|Solicitors|||DKLM LLP|||
||||3 Cranwood|Street||
||||London|||
||||ECIV 9PE|||
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||||Unrestricted|Restricted|2022|2021|
|---|---|---|---|---|---|---|
||||funds|funds|Total|Total|
|||Notes|8||g||
|Income and endowment|||||||
|Income from donations|and legacies|2|13,919||13,919|42,960|
|Income from charitable|activities|3|256,525||256,525|236,455|
|Income from other activities||4|208,537||208,537|169,177|
|Investment
income||5|28||28|1,450|
|Other income||6|41,827||41,827|134,442|
|Total income and receipt|||520,836||520,836|584,484|
|Expenditure|||||||
|Expenditure
on raising|funds|8|9,453||9,453|4,339|
|Expenditure
on charitable
activities||9|4s5 ga4||455,ags|46s,371|
|Other expenditure||11|18,581||18,581|15,663|
|Total expenditure||7|484,028||484,028|485,373|
|Net income for the|year||36,808||36,808|99,111|
|Total funds brought
forward|||1,143,267|754,999|1,898,266|1,799,155|
|Total funds carried|forward||1,180,075|754,999|1,935,074|1,898,266|
##
||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Notes||E|E|E|
|Fixed assets||||||||
|Tsoslble assets|||16||1,776,049||1,742,416|
|Current assets||||||||
|Debmts|||17|64,658||52,611||
|Cosh at bank|sod in hand||18|224,407||256,131||
|||||289,065||308,742||
|Creditors:|amounts|falling||||||
|due ivithin|one year||19|(130,040)||(116,574)||
|Net current|assets||||159,025||192.168|
|Total asseis less current||||||||
|liabilities|||||1,935,074||I,934384|
|Creditors:|amounts|falling due||||||
|after more|than nne|year|20||||(36,318)|
|Net assets|||21||1,935,074||1,898,266|
|Funds||||||||
|Restricted income funds|||||754,999||754,999|
|Unrestricted|income Ibcds||||1,180,075||1,143,267|
|Total funds|||22||1,935,074||1,898,266|
##
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||||||||2022|2021|
|---|---|---|---|---|---|---|---|---|
|||||||Notes|||
|Cash flows from operating
activities:|||||||||
|Net income for the year|||||||36,808|99,111|
|Interest payable|||||||2,110|3,998|
|Interest receivable|||||||(28)|(1,450)|
|Depreciation
snd impairment|||||||24,613|21,870|
|(Increase)/Decrease
in debtors|||||||(12,047)|52,738|
|Increase/(Decrease)
in creditors|||||||11,446|(30,194)|
|Net cash (used in)/provided|by from operating||||activities||62,902|146,073|
|Cash flows from investing
activities:|||||||||
|Interest from investments|||||||28|1,450|
|Interest paid|||||||(2,110)|(3,998)|
|Pnicbsse vf inngible
fixed nsscts|||||||(58,246)|(11&,9501|
|Cash provided
by (used in) investing|||activities||||(60,328)|(118,498)|
|Cash tlows from financing
activities|||||||||
|Repayment ofborrowing|||||||(34,298)|(33,127)|
|Cash used in financing
activities|||||||(34,298)|(33,127)|
|Increase (decrease) in cash|and cash||||||(31,724)|(5,552)|
|equivalents
in the year|||||||||
|Cash and cash equivalents|at the|beginning||of|the year||256,131|261,683|
|Tota) cash and cash equivalents||at|the end|ofthe year||18|224,407|256,131|
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|Land and buildings|||Straight line|over fifty years from date ofoccupancy|
|---|---|---|---|---|
|Plant and machinery|||5%straight|line on cost|
|Improvements,
furniture||and equipment|5 to 20% straight
line on cost||
|Kitchen equipment|and|utensils|20%straight|line on cost|
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|3.|Income from charitable|Income from charitable|Income from charitable|Income from charitable|activities|||||
|---|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|2022|2021|
|||||||funds|funds|Total|Total|
|||||||||g|K|
||Elderly Project:|||||||||
||Lunch collection|||||18,325||18,325|398|
||Activities
and other||income||- Elderly|10,040||i0,040|3,093|
|||||||28,365||28,365|3,491|
||Housebound
Project:|||||||||
||LB Camden
—Housebound||||contract|116,079||116,079|121,718|
||LBIslington
- Housebound||||contract|40,628||40,628|32,780|
||Other Housebound||contract|||66,736||66,736|78,266|
|||||||223,443||223,443|232,764|
||Community
Development||||Project:|||||
||Activities
and other||income||—Community|||||
||Other Activities:|||||||||
||Other membership|fees||||4,489||4,489|200|
||Other activities
and||outings||income|228||228||
|||||||4,717||4,717|200|
||Income from charitable|||activities||256,525||256,525|236,455|
|4.|Income from other activities|||||||||
|||||||Unrestricted|Restricted|2022|2021|
|||||||funds|funds|Total|Total|
|||||||g||g||
||Administration
fees|||||30,170||30,170|36,000|
||Rental income|||||144,333||144,333|127,835|
||Fundraising
events|||||23,842||23,842|5,342|
||Room and Hall Hire||Income|||10,192||10,192||
|||||||208,537||208,537|169,177|
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|S.|Investment|income||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|2022|2021|
|||||funds|funds|Total|Total|
||||||f,|||
||Bank interest|receivable||28||28|1,450|
|||||28||28|1,450|
|6.|Other income|||||||
|||||Unrestricted|Restricted|2022|2021|
|||||funds|funds|Total|Total|
|||||||s||
||Coronavirns|job retention|scheme|41,827||41,827|134,442|
|||||41,827||41,827|134,442|
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|Analysis ofexpenditure|Analysis ofexpenditure|||||||
|---|---|---|---|---|---|---|---|
|Activity or|||Activities|Grant|Support|2022|2021|
|programme|||undertaken|funding of|costs|Total|Total|
||||directly|activities||||
|Elderly Group|||34,487||55,113|89,600|84,403|
|Advice|||10,507||26,676|37,183|35,984|
|Housebound|||19,507|192,944|87,141|299,592|318,091|
|Community
development|||20,709||8,910|29,619|26,893|
|Total expenditure|||85,210|192,944|177,840|455,994|465,371|
|Expenditure
on raising|funds||6,197|3,256||9,453|4,339|
|Other expenditure|||18,581|||18,581|15,663|
|Support costs|||68,558|109,282|(177,840)|||
||||178,546|305,482||484,028|485,373|
|||||||2022|21121|
|Expenditure
included:||||||||
|Auditors'
remuneration:|Statutory|audit fee||||5,400|5,160|
|Depreciation||||||24,613|21,870|
|Mortgage
interest||||||2,110|3,998|
|||||||32,123|31,028|
##
|Expenditu|re
on raising funds|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|2022|2021|
|||funds|funds|Total|Total|
|||8||||
|Fundraising|costs|6,197||6,197|1,672|
|Allocation|ofsalary costs|3,256||3,256|2,667|
|||9,453||9,453|4,339|
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|Expenditur|e
on charitable
activities - by|fund type|||
|---|---|---|---|---|
|||Unrestricted|2022|2021|
|||funds|Total|Total|
|Elderly Group||89,600|89,600|84,403|
|Advice||37,183|37,183|35,984|
|Housebound||299,592|299,592|318,091|
|Community|development|29,619|29,619|26,893|
|||455,994|455,994|465,371|
##
|Expenditur|e
on charitable
activi|ties - by activity|||||
|---|---|---|---|---|---|---|
|||Direct|Staff|Support|2022|2021|
|||costs|costs|costs|Total|Total|
|Elderly Group||34,487||55,113|89,600|84,403|
|Advice||10,507||26,676|37,183|35,984|
|Housebound||19,507|192,944|87,141|299,592|318,091|
|Community|development|20,709||8,910|29,619|26,893|
|||85,210|192,944|177,840|455,994|465,371|
##
||||||Unrestricted|2022|2021|
|---|---|---|---|---|---|---|---|
||||||funds|Total|Total|
||||||8|||
|Auditor|remuneration||||5,400|5.400|5, 160|
|Professional||-|Legal snd professional|fees|||(165)|
|AGM &|annual||report||158|158||
|Allocation||ofsalary costs|||13,023|13,023|10,668|
||||||18,581|18,581|15,663|
##
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|||2022|2021|
|---|---|---|---|
|||Total|Total|
||||g|
|Wages & salaries|—gen admin|96,773|89,164|
|Employer's
NIC —gen admin||9,505|6,308|
|Staff - pension costs||3,004|2,418|
|Water rates - admin||387|1,492|
|General rates - admin||712||
|Light &heat - admin||12,758|6,737|
|Repairs & maintenance||7,842|3,329|
|Cleaning||2,049|1,127|
|Insurance||1,976||
|Refreshment
&staff entertainment||327|330|
|Guest entertainment||16|29|
|Accountancy
fees||6,851|4,685|
|Telephone||3,188|4,581|
|Printing
expenses||833|4,289|
|Postage||2|706|
|Stationery||574|478|
|IT expenses||7,328|4,649|
|Depreciation||24,613|21,870|
|Grant expenses||216|216|
|Bad debts||(1,000)||
|Volunteers
expenses||40|107|
|Bank charges||460|483|
|Mortgage
interest||2,110|3,998|
|Project expenses||1,349|1,668|
|Sundry expenses||(4,073)|21|
|||177,840|158,685|
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|Employment|costs|2022|2021|
|---|---|---|---|
|||g||
|Wages and salaries||329,395|349,991|
|Social security|costs|19,496|21,654|
|Pension costs||5,081|5,090|
|||353,972|376,735|
##
|calculated
o|n the basis|offull time equivalents,
was as foll|ows:||
|---|---|---|---|---|
||||2022|2021|
||||Number|Number|
|Expenditure|on raising|funds|1|1|
|Elderly Group|||7|8|
|Advice (E&C)|||1|1|
|Housebound|||16|20|
|Community|Development||1|1|
|Administration|||6|6|
|Governance|||8|8|
||||40|45|
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|2022|2021|
|---|---|
|8|g|
|5,081|5,090|
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||Land and||Kitchen|Improvements,||
|---|---|---|---|---|---|
|Tangible fixed assets|buildings|Plant and|equipment|furniture,||
||freehold|machinery|and utensils|equipment|Total|
||g||8|8|g|
|Cost||||||
|At I April 2021|1,817,136|142,963|21,842|122,003|2,103,944|
|Additions|46,302|||11,944|58,246|
|At 31 March 2022|1,863,438|142,963|21,842|133,947|2,162,190|
|Depreciation||||||
|At I April 2021|271,137|24,872|21,561|43,958|361,528|
|Charge forthe year|15,143|5,730|281|3,459|24,613|
|At 31 March 2022|286,280|30,602|21,842|47,417|386,141|
|Net book values||||||
|At 31 March 2022|1,577,158|112,361||86,530|1,776,049|
|At 31 March 2021|1,545,999|118,091|281|78,045|1,742,416|
##
|Debtors||||
|---|---|---|---|
|||2022|2021|
|||g||
|Trade debtors||41,483|41,601|
|Other debtors||19,542|10,077|
|Prepayments|and accrued income|3,633|933|
|||64,658|52,611|
##
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|18|Analysis ofcash an|d cash equivalents|||
|---|---|---|---|---|
||||2022|2021|
||||g||
||Cash in hand||137,659|169,404|
||Notice deposits (less than 3 months)||28,962|28,959|
||Notice deposits (over|3 months)|57,786|57,768|
||Total cash and cash|equivalents|224,407|256,131|
|19.|Creditors: amounts|falling due|||
||within
one year||2022|2021|
||||K|K|
||Mortgage
loan||24,985|22,964|
||Trade creditors||20,927||
||Other taxes and social|security|6,319|5,852|
||Other rreditorc||ca 576|54,009|
||Accruals
and deferred|income|19,233|33,749|
||||130,040|116,574|
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|Analysi|s ofn|et assets between funds||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Funds|||
|||||Designated|General|Restricted|Total|
|||||funds|funds|funds|funds|
|||||s||||
|Fund balances||at 31 March 2022 as represented|by:|||||
|Tangible|fixed|assets||1,021,050||754,999|1,776,049|
|Current|assets|||82,687|206,378||289,065|
|Current|liabilities|||(24,985)|(105,055)||(130,040)|
|||||1,078,752|101,323|754,999|1,935,074|
##
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|Unrestricted|Unrestricted|Unrestricted|funds|funds|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|General|funds|||||At|Incoming|Outgoing||At|
|||||||01/04/21|resources|resources|Transfers|31/03/22|
||||||||8|8||8|
|General|funds|||||128,986|520,836|(455,956)|(92,543)|101,323|
|||||||128,986|520,836|(455,956)|(92,543)|101,323|
|Designated|||funds|||At|Incoming|Outgoing||At|
|||||||01/04/21|resources|resources|Transfers|31/03/22|
|||||||||8|||
|General|equipment|||fund||78,326||(3,740)|11,944|86,530|
|l)uilding|fund|||||849,809||(20,873)|80,599|909,535|
|Furnishing,||decorating|||and IT fund|86,146||(3,459)||82,687|
|||||||1,014,281||(28,072)|92,543|1,078,752|
|Restricted||funds||||At|Incoming|Outgoing||At|
|||||||01/04/21|resources|resources|Transfers|31/03/22|
||||||||K|K|||
|New building|||fund|||754,999||||754,999|
|||||||754,999||||754,999|
|Summary||offunds||||At|Incoming|Outgoing||At|
|||||||01/04/21|resources|resources|Transfers|31/03/22|
|||||||||8|||
|Designated||funds||||1,014,281||(28,072)|92,543|1,078,752|
|General|funds|||||128,986|520,836|(455,956)|(92,543)|101,323|
|||||||1,143,267|520,836|(484,028)||1,180,075|
|Restricted||funds||||754,999||||754,999|
|||||||1,898,266|520,836|(484,028)||1,935,074|
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