2023-03-31-accounts - The Markfield Project Limited

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Trustees					Claire Bendall			(Co-Chair from October 2022)	(Co-Chair from October 2022)
					Clare Croft-White
					Warren Hoskins			(Treasurer)
					Dee Kushlick-Williams			(Chair upto 4 July 2022)
					Melian Barbara Mansfield			(Co-Chair from October 2022)
					Michelle Simmons-Safo
					Natalie Sutherland
Secretary					Keith Alexander Fair
Senior Management				Team	Silvia Hurtado —Chief Executive		Officer
					Robin Walton —Play 8 Youth Services Manager
					Roz Corrigan -Adults Services		Manager
					Keith Fair —Operations	Manager
					Marnie Haslam —Interim	Family	Support Manager		(until September 2022)
Charity	number				289904
Company		number			01693876
London	Borough of			Haringey	The following people served as		representatives	from the London Borough of
representatives					Haringey, without voting	rights:
					Councillor Adja Ovat
					Councillor Barbara Blake
Registered			office		Markfield Road
					London
					N15 4RB
Independent			examiner		Samir Shah FCA, ATII
					Chartered Accountants
					Ramon Lee Ltd
					93Tabernacle Street
					London
					EC2A 4BA
Bankers					The Co-operative Bank	Pic
					Skelmersdale
					WN8 6WT
					CCLA Investment Management		Ltd
					80 Cheapside
					London
					EC2V 6DZ

			Page
Trustees' report			1-8
Independent examiner's		report
Statement offinancial	activities		10
Balance sheet
Statement ofcash flows			12
Notes to the financial	statements		13-29

					Unrestricted	Designated	Restricted	Total	Total
					funds	funds	funds
					2023	2023	2023	2023	2022
				Notes
Income from:
Donations and	legacies				13,442		15,000	28,442	40,937
Charitable activities					375,780		208,861	584,641	534,426
Income from trading		activities			22,570			22,570	20,966
Investments					2,090			2,090	79
Total income					413,882		223,861	637,743	596,408
Ex enditure on:
Raising funds					11,831			11,831	11,909
Charitable activities					365,068	5,104	233,323	603,495	631,700
Total expenditure					376,899	5,104	233,323	615,326	643,609
Net income/(expenditure)			for the	Year/
Net movement	in funds				36,983	(5,104)	(9,462)	22,417	(47,201)
Fund balances	at 1	April	2022		222,191	17,104	68,131	307,426	354,627
Fund balances	at	31 March 2023			259,174	12,000	58,669	329,843	307,426

			2023		2022
		Notes			K
Fixed assets
Tangible assets		12		13,294		21,241
Current assets
Debtors		13	48,597		45,676
Cash at bank and in	hand		320,730		267,153
			369,327		312,829
Creditors: amounts	falling due within
one year		14	(52,778)		(26,644)
Net current assets				316,549		286,185
Total assets less current liabilities				329,843		307,426
Income funds
Restricted funds		16		58,669		68,131
Unrestricted funds
Designated funds		17	12,000		17,104
General unrestricted	funds		259,174		222,191
				271,174		239,295
				329,843		307,426

					2023		2022
				Notes
Cash flows from operating			activities
Cash generated		from/(absorbed by)		23
operations						54,339		(78,151)
Investing	activities
Purchase	oftangible fixed assets				(2,852)		(9,296)
Proceeds	from	disposal of investments					79
Investment	income received				2,090
Net cash	used	in investing	activities			(762)		(9,217)
Net cash	used	in financing	activities
Net increase/(decrease) in cash and				cash
equivalents						53,577		(87,368)
Cash and	cash	equivalents	at beginning	ofYear		267,153		354,521
Cash and	cash	equivalents	at end of	Year		320,730		267,153

					Unrestricted	Restricted	Total	Total
					funds	funds	2023	2022
BBCChildren in	Need				500		500
Comic Relief						15,000	15,000
Green Hall Foundation								3,000
London Borough	of Haringey							7,178
Marsh Christian	Trust				400		400
Mayor's fund for	London				250		250	7,500
Michael Davies	Charitable		Settlement-Park	Studios
Fund					10,000		10,000	10,000
Screwfix								8,470
Individual Donations								935
HMRC - Job retention		scheme grant						863
Other donations					2,292		2,292	2,991
					13,442	15,000	28,442	40,937
For the Year ended 31 March 2022					21,967	18,970		40,937

Charitable activities
			Services for	Adult	Training	&	Family	Total	Total
			children 8	services	user		Support	2023	2022
			youth f	Project E	participation	E	Services E	E
Session Fees			83,918	106,589				190,507	159,277
Haringey Council (SENDIASS
contract)							174,995	174,995	99,183
The Henry Smith Charity							59,200	59,200	58,567
Bloomfield Trust				32,000				32,000
The Charity for Richard	Whittington						20,993	20,993	20,993
The Tottenham Grammar School
Foundation			18,228					18,228	17,141
Comic Relief							17,448	17,448	41,474
StJames's Place Foundation					10,000			10,000
Edward Gostling			10,000					10,000
BBCChildren ln Need							9,999	9,999	55,881
Home Cooked							8,997	8,997
London Borough of Haringey			8,136					8,136	9,999
London Community Foundation					7,615			7,615
Charles SFrench									4,589
Mayor's Fund for London			2,000					2,000	1,600
Groundwork					4,895			4,895
Bridge Renewal Trust							2,836	2,836
Jack Petchey Foundation					2,650			2,650	1,700
London Catalyst							2,000	2,000
Other donations					265		1,717	1,982	1,204
HMRC - Job retention	scheme grant								1,619
Laureus Sport for Good									2,000
London Play Resources									200
Haringey Council (Prevent Team)									5,672
National Lottery Community		Fund							43,052
Council for Disabled Children									10,000
Tottenham Youth Fund									250
Membership fees							160	160	25
			122,282	138,589	25,425		298,345	584,641	534,426
Analysis by fund
Unrestricted funds			92,054	106,589	265		176,872	375,780
Restricted funds			30,228	32,000	25,160		121,473	208,861
			122,282	138,589	25,425		298,345	584,641
Forthe Year ended 31 March 2022
Unrestricted funds			81,285	91,210	3,000		113,084		288,579
Restricted funds			51,683	2,000	1,900		190,264		245,847
			132,968	93,210	4,900		303,348		534,426

		Unrestricted	Total	Total
		funds	2023	2022
Premises	hire	22,570	22,570	20,966
		22,570	22,570	20,966
For the Year ended 31 March 2022		20,966		20,966

	Unrestricted	Total	Total
	funds	2023	2022
Cash deposit interest	2,090	2,090	79
	2,090	2,090	79
For the Year ended 31 March 2022	79		79

			Unrestricted	Total	Total
			funds	2023	2022
Staff costs			5,550	5,550	3,874
Other fundraising	costs		4,193	4,193	5,902
Share ofSupport	costs		1,978	1,978	2,031
Share ofGovernance		costs	110	110	102
			11,831	11,831	11,909
For the Year ended		31 March 2022
Fundraising and	publicity		11,909		11,909
			11,909		11,909

		Services for	Adult	Training &	Family	Total	Total
		children &	services	user	Support	2023	2022
		youth	Project	participation	Services
			K
Staff costs		95,195	86,257	1,640	174,806	357,898	380,421
Staff training,	recruitment
and travel (including
volunteers)		729	1,167	125	5,194	7215	7770
Motor expenses		6,093	7,626		619	14,338	11,311
Direct Project costs		1,831	1,073	3,580	9,876	16,360	20,445
Website and	Marketing
costs					917	917	758
		103,848	96,123	5,345	191,412	396,728	420,705
Share ofsupport costs
(see note 9)		49,466	39,573	1,979	104,868	195,886	200,996
Share ofgovernance
costs (see note 9)		2,748	2,198	110	5,825	10,881	9,999
		156,062	137,894	7,434	302,105	603,495	631,700
Analysis by	fund
Unrestricted	funds	112,518	121,893	2,089	128,568	365,068
Designated funds					5,104	5,104
Restricted funds		43,544	16,001	5,345	168,433	233,323
		156,062	137,894	7,434	302,105	603,495
For the Year	ended 31	March 2022
Unrestricted	funds	60,391	87,807	7,875	127,015		283,088
Restricted funds		97,696	55,147		195,769		348,612
		158,087	142,954	7,875	322,784		631,700

				Support	Governance	Total	Total
				costs	costs	2023	2022
Staff costs				103,208	5,550	108,758	104,142
Staff training, recruitment		and travel		943		943	3,730
Depreciation				10,798		10,798	24,497
Premises costs				38,832		38,832	38,563
Information technology				7,332		7,332	8,127
Communication costs				19,170		19,170	16,535
Legal and professional	costs			7,416		7,416	2,535
Sundry costs				1,075		1,075	782
Motor expenses				9,090		9,090	8,990
Independent examiner's		fees			5,400	5,400	5,160
Trustees expenses					41	41	67
				197,864	10,991	208,855	213,128
Analysed between
Fundraising				1,978	110	2,088	2,133
Charitable activities				195,886	10,881	206,767	210,995
				197,864	10,991	208,855	213,128
Net movement in funds						2023	2022
Net movement in funds	is stated		after charging/(crediting)
Depreciation ofowned	tangible		fixed assets			10,798	24,497
Independent examiner's		fees
Independent examination						3,840	3,600
Other services						1,560	1,560

						2023	2022
						Number	Number
Service	delivery					13	13
Management		8 Administration				3	2
Total						16	15
The average		monthly	number	ofemployees	during the Year was: 38(2022: 38)
Employment		costs				2023f	2022f
Wages	and	salaries				428,867	448,327
Temporary staff						901	1,093
National	Insurance					32,282	28,582
Pension						10,155	10,435
						472,206	488,437

12	Tangible fixed assets
			Leasehold	Playground	Fixtures and Motor vehicles		Total
			improvements	equipment	fittings
	Cost
	At 1 April 2022		516,135	125,199	41,881	65,762	748,977
	Additions				2,852		2,852
	At 31 March 2023		516,135	125,199	44,733	65,762	751,829
	Depreciation and impairment
	At 1 April 2022		516,135	108,587	38,931	64,084	727,737
	Depreciation charged	in the Year		6,296	3,663	839	10,798
	At 31 March 2023		516,135	114,883	42,594	64,923	738,535
	Carrying amount
	At 31 March 2023			10,316	2,139	839	13,294
	At 31 March 2022			16,613	2,950	1,678	21,241
13	Debtors
						2023	2022
	Amounts falling due	within one year:				K	F
	Trade debtors					43,301	40,657
	Other debtors					1,629	1,331
	Prepayments and accrued income					3,667	3,688
						48,597	45,676

Creditors: amounts
		2023	2022
	Notes
Other taxation and social security		1,432	1,229
Deferred income	15	7,575	2,245
Trade creditors		20,978	4,145
Other creditors		3,008	1,291
Accruals		19,785	17,734
		52,778	26,644

			2023	2022
			F	F
Movements in the Year:
Deferred	income at	1 April 2022	2,245	185
Released	from previous periods		(2,245)	(185)
Resources deferred		in the Year	7,575	2,245
Deferred	income at	31 March 2023	7,575	2,245

			Movement	in funds		Movement	in funds
		Balance at	Incoming	Resources	Balance at	Incoming	Resources	Balance at
		1 April 2021	resources	expended	1 April 2022	resources	expended	31 March 2023
								F
Services for children	8 youth	20,949	51,683	(53,241)	19,391	30,228	(43,543)	6,076
Adult services		25,833	2,000	(27,833)		32,000	(16,000)	16,000
Training &user participation		4,935	1,900	(5,635)	1,200	25,160	(13,565)	12,795
Family support services		85,052	190,264	(237,868)	37,448	121,473	(150,123)	8,798
Green Hall foundation			3,000	(3,000)
Mayor's fund for London			7,500	(7,500)
Screwfix			8,470		8,470		(8,470)
L Bof Haringey - Building
improvements		1,475	738		737		(737)
Percy Bilton Charity-
Sensory equipment		1,770	885		885		(885)
Motor Vehicle		11,912	11,912
Comic Relief						15,000		15,000
		151,926	278,352	(335,077)	68,131	223,861	(233,323)	58,669

					Movement	in funds
				Balance at	Incoming	Resources	Balance at	Resources	Balance at
				1 April 2021	resources	expended	1 April 2022	expended	31 March 2023
									F
Organisational		development	fund	2,104			2,104		2,104
Maternity	and	sick leave fund		15,000			15,000	(5,104)	9,896
				17,104			17,104	(5,104)	12,000

Operating lease commitments
	2023	2022
Within one year		20,573
Between two and five years		23,234
		43,807

Cash generated from operations					2023	2022
Surplus/(deficit) for the Year					22,417	(47,201)
Adjustments for:
Investment income recognised in	statement		offinancial	activities	(2,090)	(79)
Depreciation and impairment oftangible		fixed assets			10,798	24,497
Movements in working capital:
(Increase) in debtors					(2,921)	(35,496)
Increase/(decrease) in creditors					20,804	(21,932)
Increase in deferred income					5,330	2,060
Cash generated from/(absorbed	by)	operations			54,338	(78,151)