OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

PDF
Markdown

2022-03-31-accounts

						Page
Trustees' annual report (incorporating			the	director's	report)
Independent accountant's report		to the	members
Statement offinancial	activities	(including		income and
expenditure account)
Statement offinancial	position
Notes to the financial	statements

(including inco 31 March 2023	me a	nd expen	diture	account)
					2023		2022
				Unrestricted	Restricted
			Note	funds f	funds	Total funds	Total funds F
Income and endowments
Charitable activities				274,562		274,562	273,179
Other trading activities				6,170		6,170	1,397
Investment income				1,167		1,167	29
Other income				24,869		24,869	12,742
Donations							1,412
Furlough income							204
Grants				5,000	42,329	47,329	159,999
Total income				311,768	42,329	354,097	448,962
Expenditure
Expenditure on raising funds:
Costs ofother	trading	activities	10	17,990		17,990	122,969
Expenditure on charitable		activities	11,12	292,218	184,733	476,951	177,216
Total expenditure				310,208	184,733	494,941	300,185
Net (expenditure)1fncome		and net
movement in funds				1,560	(142,404)	(140,844)	148,777
Reconciliation offunds
Total funds brought	forward			300,909	1,204,700	1,505,609	1,356,832
Total funds carried	forward			302,469	1,062,296	1,364,765	1,505,609

					2023	2022
Fixed assets
Tangible fixed assets				17	1,049,999	1,074,999
Current assets
Debtors				18	38,804	55,041
Cash at bank	and	in	hand		343,140	451,790
					381,944	506,831
Creditors: amounts			falling due within one year	19	67,178	76,221
Net current	assets				314,766	430,610
Total assets	less	current liabilities			1,364,765	1,505,609
Funds ofthe charity
Restricted funds					1,062,296	1,204,700
Unrestricted	funds				302,469	300,909
Total charity	funds			20	1,364,765	1,505,609

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2023	Funds	2022
	f	f	f	F
Rents from charities	220,061	220,061	229,711	229,711
Room bookings	53,420	53,420	43,108	43,108
Catering	1,081	1,081	360	360
	274,562	274,562	273,179	273,179

6.	Other trading	Other trading	activities
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				f	f		F
	Room bookings			6,170	6,170	1,397	1,397
7.	Investment	income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				F	f		F
	Bank interest			1,167	1,167	29	29
8.	Other income
				Unrestricted	Total Funds	Unrestricted	Total Funds
				Funds	2023	Funds	2022
				F	f		F
	Other income			24,869	24,869	12,742	12,742
9.	Donations	and	Grants

Donatio	ns and Grants
			Restricted	Total Funds	Restricted	Total Funds
			Funds	2023	Funds	2022
Lambeth	Council		21,310	21,310	150,000	150,000
Big Lottery					9,999	9,999
City Bridge Trust-Stepping		Stones	21,019	21,019
			42,329	42,329	159,999	159,999

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds	2023	Funds	2022
City Bridge Trust		5,000	5,000
Furlough	income			204	204
Donations				1,412	1,412
		5,000	5,000	1,616	1,616

					Basis of	Raising	Charitable	Governance	2023	2022
					Allocation	Funds	Activities		Total	Total
Direct costs
Staff costs					Direct	3,404	151,134	2,000	156,538	142,506
Audit &	legal				Direct		15,285	1,260	16,545	551
Training,	subs & sundry				Direct		1,425		1,425	4,915
Project					Direct		147,486		147,486	30,298
Support	costs allocated
Comms,	stationery		and
travel					Usage	252	4,786		5,038	7,110
					Floor
Repairs	and	building		costs	area	5,148	97,826		102,974	63,536
					Floor
Utilities	and	insurance			area	1,883	35,779		37,662	26,145
Finance	costs				Trans			293	293	54
Depreciation					Usage	3,750	21,250		25,000	25,000
Professional		Fees					1,980		1,980	70
Total resources expended						14,437	476,951	3,553	494,941	300,185

Expenditur	e on charitable activ	ities by fund	type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2023
			F
Charitable	rents and conference	income	306,655	184,733	491,388
Support costs			3,553		3,553
			310,208	184,733	494,941
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2022
			F	F	F
Charitable	rents and conference	income	241,687	55,298	296,985
Support costs			3,200		3,200
			244,887	55,298	300,185

						Activities
						undertaken	Support	Total funds	Total fund
						directly	costs	2023	2022
						E	F		F
	Charitable	activity				491,388		491,388	296,985
	Governance		costs				3,553	3,553	3,200
						491,388	3,200	494,941	300,185
13.	Net (expenditure)/income
	Net (expenditure)/income			is stated	after	charging/(crediting):
								2023	2022
	Depreciation		oftangible	fixed assets				25,000	25,000
14.	Accountants		remuneration
								2023	2022
	Fees payable		for the independent		report	ofthe financial	statements
								1,260	1,200

The total staff costs and employee benefits for t	he reporting period are analysed as fo	llows:
	2023	2022
	E
Wages and salaries	137,650	126,587
Social security costs	12,261	9,888
Pension costs	6,627	6,031
	156,538	142,506

The average	head	count of employees	count of employees	during	the year was 7 (2022: 7).The average	the year was 7 (2022: 7).The average	number	of
full-time equivalent		employees	during	the year	is analysed	as follows:
						2023	2022
						No.	No.
Manager						1		1
Centre staff						4		5
Administration	& support					1		1
						6		7

Yea	r ended 31 March 2023	r ended 31 March 2023
17.	Tangible fixed assets
			Freehold	Plant and
			property	machinery	Total
			F	F	E
	Cost
	At 1 Apr 2022 and	31 Mar 2023	1,249,999	417,213	1,667,212
	Depreciation
	At 1 April 2022		175,000	417,213	592,213
	Charge for the year		25,000		25,000
	At 31 March 2023		200,000	417,213	617,213
	Carryirtg amount
	At 31 March 2023		1,049,999		1,049,999
	At 31 March 2022		1,074,999		1,074,999
18.	Debtors
				2023	2022
				E	F
	Trade debtors			16,791	37,849
	Prepayments			22,013	17,192
				38,804	55,041
19.	Creditors: amounts	falling due within one year
				2023	2022
				E
	Trade creditors			12,566	8,363
	Other creditors			54,612	67,858
				67,178	76,221

Unrestri	cted funds
							At
		At	1	April 2022 E	Income	Expendituref	31 March 2023 F
General	funds			300,909	311,768	(310,208)	302,469

Restricted	funds
		At			At
		1 April 2022	Income	Expenditure	31 March 2023
		E	F	F
Revaluation	reserve	1,074,999		(25,000)	1,049,999
Lambeth Council		119,702	21,310	(141,012)
Big Lottery	Fund	9,999		(1,981)	8,019
City Bridge	Trust-
Stepping Stones			21,019	(16,740)	4,279
		1,204,700	42,329	(184,733)	1,062,296

Analysis of net as	sets between funds
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2023
Tangible fixed assets			1,049,999	1,049,999
Current assets		369,647	12,297	381,944
Creditors less than	1 year	(67,178)		(67,178)
Net assets		302,469	1,062,296	1,364,765