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2021-03-31-accounts

~Pa e
Legal and Administrative
Information
1
Report of the Trustees and Directors 2to5
Report of the Independent
Auditors
Statement ofFinancial Activities
Summary Income and Expenditure Account
Charity Balance Sheet
Notes forming part ofthe Financial Statements 9to 12

wc bove audited
Ihe linaacial alai«ncaa ofst Mary Ablms
Rdtabilimlian
snd Trsiatng pmjca [sMART) (Ihc "charity')
fm Ihc yau
endw )1st Mon h. 2IQ I which
cnraprisc of cnraprisc of cnraprisc of cnraprisc of cnraprisc of cnraprisc of cnraprisc of cnraprisc of Ihe
Saaanmt ofFinancial Aaiv(tits,
Balance she« snd nates ta tbe 6nancial «mam«ts,
indudiag
a «earn«W ofsigni6cant
account iag palicim. 'lite Gnsncial rap«ning
&am««tug tb«
htt been applied
in&air
preparation
is npplicsblc
law and Unit«d Kingdom Acceuotiag
Standards,
indwling
Financial
Rtponfng
Standurd
lt)2: The Financial
Rcpaniog
Standard
applicable
in Ibe UK snd Republic nr fad and (United
Kingdmo Gent«ally
Accquat
Account isg pra«lccl.
la eur opinion, Ihc 6nsncisl st««nants:
give s Irue snd thir view ofIbcnate ofthe Charily's
affairs as al )1st March, 202 I snd afia incamiag Itsaums
and app lieati«t nfrmaurcm
for the year
rhea cndcd
have been property prqtmcd is eccmd ance with Unit«i
Kiagdem Gmcrslly Accqned Accaunting
Pranica
bove bern prepared
in m«ardance
with the rcqmrancnts
ofthe Companics Ad 2006.
Bsris fer oplniaa
'Iyccrxtduqcd oar «ufit io accmdance mth fnttrn«iona)
Stsadanh
on Auditing
(UK) (ISAs (UK)) snd opplics hie law. Our nspnraibilhi
as undts thosea~ are
funk a dcnxibcd
ia the Auditor's
rmpeasibilutes
Gx the audit al the lioaucial net«ncaa
a«mian ofour repen. We arc indcpcndcnt afrit«Chant
y io «xnnlamc
wab me ahkxi rcquircments
tbsl are
rdevant
to our audit nfth«gnaaciof
sat«ments
in tbe fr%, indudiag
tbe FRC's Ethimf Standard,
and the provisions
avail«bi
far small «uitiu,
snd we have fulgllal
au« atba ahicnl
r«tponribilities
is s«mrd ance with Ihese rcquirmncats.
We bdieve thnt Ihe audit
cvidcncc ve have abtsinel is suScient and appropriate
Io pmvide
a kmis gx our opinion.
Caadaslor«'rdstiag
to geiog coacero
In auditing
Ihc Baandal )mr«melts,
we have coadudal
Ihat Ih«dircaors'
use ofthe going enema
basis ofaccounling
ia prqarathn
nl thc Iiaaurinl
«st«am ts is appraprlstc
Bated an tbe work we have perfonaaL
we have nm ideruilial say material
uncatainuts
relating
m cvcnts m amditinns
m« iadivklually
or «nil««ivdy
may caa sigo ill«tmt
doubt aa me
Charity's
ability to mnunuc
as s goiag amcrsx for speri«I of« least 12 months
f)om wbm ScGaea«fat suuan«nts
src authwfsul
far «m
Oar rcspcetbilit ice aad Ihc rcstxxaibflitim
ofIhc
ircctars with rcspca to going coactr ared escrilxd
ia tbc rdevaat
stxuoas vfthis repen.
Other laformstloo
The trustees arc rcspaosible
I'or Ibe ether informeliaa.
The other isformmiaa
mmprises
tbe ialbmmuoa
iadudai
in thc snausl rqtan «her Ibsn Ibe linaacial statanmts
md oar
mdilor'I
report lb«ram. Our opiniaa on the 6naacial smtcmcats
docs nol cover Ihc othtx inlbrmation
an4 except to ther«tan
mhawite
cxplid fly stntcd in aur repen,
wcdo aot
equvsv any fane ofassurance cnacfuziaa thcnaa.
lacanaccrioa
whb our audit ofthe &asocial «stwamts,
our responsibility
is ta read tbe tuber isfanuatieo
and, in doing m, caasida
wbwhvr
tbc OScr isl'ormmion
is
matcriaRy
iamnsi«eat
with
tb« financial
nmemtnm
oraar knowlcdgc obtained
in tbc audit or mhcrwise
appears to be mmaisRy
misnstaL
(I'we idcnufy mch auucrial
incaasistcacim
or apparent
ma«i el missun eau«a, we'ar» nquircd
ta daamiae nb«her thae is ~ mmcrfsf
missuu em««t ia the 6naneisf suuaaena
ar s m«crial
missuuancnt
ofthemha infnrmmiaa.
I( based
m the wark wc have pwfonrird,
wc caadude Ihat there Ba matwutl
misstatcmmt
ofthis otha inlonnati on, wc arc rcquircd
to rcport Ibat fact.
We ham nmhing
to rcport io tb«regsrtL
Oplnlaas oa other manem
pres«rib«&by
the Compaales
Act 2006
Itl ottr «proton, ba«d aa the wink Uadatak«rt
ltt tbc course ofthe Intdtu
tbc inlbrmatiaa
gfvca ia tbc tru«era'
repen (in orponaiag
the strategic aston aad mcdhaxors'
rcpoa)
I'or th«6«ancial
year Ibr which
the Gomtrisl
suacmca«are
prep««d
iscar«Ex««t with Sc6naaciel storemen;
and
the mmccs'
repen(~ag the stnuegic rcpon snd tbe dirc«ms'
rcpon) have bcca prcpsral
in maonb«cc with
applicable
legal rcqciremcnm.
.
hfsttem oa whish»e'are
required to repass by escepdoa
In tb« light of(he kaowicdge
aod undcrsundfag
ofthe Charity
and iw cnviraamtnt
olxaiacd m tbe course oftbe audit,
we bare a« idcmi &cd m«criaf minn«em«us
ia tbc Tru«ces'
Amlutl
R«poA
tvc bare nothing
m npon la rmpca oftbe lb)laving
matt«rs in rdadon
ta vb feb Ihe cantpaoim Aa )lx)6 rcqulrcs us to repen ta you if in aur nptniam
odapuue
accoumiag
records lave aot bcca kept ar rauras ad«qu«c
far our audit have aot bam rcccivcd &ma breaches aat visited by us: .
tbe linaacial
nmtm«aw
are aot in agreement
wub the amnunting
rcamb und r«tume;
«m«a~ol trustcm'
remuatrruioa
spca&al by lsw src nm male; or
vre have aot alxauud
ag the infotmauoa
aml exp)anotums ncxcstmy
far the parposm nfour suds.
lbspoa«blgtlas
efthe trvnteas
As explaiacd
more 6dly in Ihe austces'
rcspoosibiliurn
sunmmn(
tbc au«ccs are rmpansible
Gx thc prcparnion
afthc &nancial natancats
aad Gx being nnisgcd
that
Ibcy Bvc a true
asd fair vimv, and tbr such intcraal amlral as they dmcnnin«
is ntx«may
to cnablc Ibe prtparofmn
ofGasncial
Uatemeats
Ihtt arc &ce&om maraial
missutenum(
vhelhcr
due to &aud
la prepming
the 6oandal net«neath
the trunms
src respambte
tar ossessing tbc Charity's
ability
m caounue as o gning caamra, disdosiag,
ns applicable, manas rmmcd
to gotag
cmtvsa end using th«goio g «os«au hmh al «xxwn ting
unless
tbe In«tees
cithtr iotmd to liquidate
Ihe Charity ar Io ceom aper«iaas. or have ao realistic altcmalivc
bul to do ra.
Oer retpamlblgtlec
for the aadlt ofthe Gas«dot states«ate
(hr abjemivcs are ta obtaia r«snmafrie assunmx
about «&micr tbe Gnaacisl «aran«ate
m a whole tre 6«e Gmu mxlraisl mis«ataacal,
wh«ther dac m Ihmd or crtw,
snd to eau«m
«dltor'I rcpoA Ibal iatxudes our opia intr. Rmmasble
asntnmcc
is a high I«std ofsssrtm«4
but is nol a guarattt«c
that sa audit amduacd
in ncaxdance
with IIAI [UKI
wiU always
deem s amta( a) mixmaemeat
ahra it «stun
Missuucmenm
«tm arise &am fraud or aror snd a'e an sider«i
auuaiai i( individually
nr in the eggreg«e, tb«y could reasonably
be
apcacd m intlucnc« the a«au«ic deasians ofus«s taken aa tbe basis ofthese
6 a on«a)
suncmeau.
regularirim,
indudiag
&aud, are iaslanccs a(poacompliauce
with laws aad regulations.
We dmiga pmccdunx
ia line with aur rcspoasribilitics,
outbacd
abave, ta dmea
ta«nial
wiatat«ucnw
in rrsp«S ofurcgulariitc,
iacfuding
&aucL The aawtt
to which oar preccdurcs «e txpabtc of dctccua
g irrcguferitiax
r'acludiag taut isdctalcd In&mr.
Oar appraacb
m id«aufying
and asscstiag the risks ofmmaid
nrimtatnncat
in resp«ts of'uv«gulariti«s,
iadudiog
&aud and son mmplinoce
with taws snd regtdatioas,
was ac fbllowst
The tng
a&em cat parte« assured
Ihat Ibecagagcmcat
teara co!Isaivdy bss the apprnprimc
camp ctcace, capabilities
and skigl Io ident
iTy ar nxoga is«i non compliance
with applicable
I«rs and regulauans:
'I'I'c idrutincd
drc laws sad regutatioas
opplicablc to tbc Charity
Ihmugb
Lvcusswos
with Trustccs aad other maaagaacnt,
aad &xn our kaowlalgc
and cxpcriracc oftb«Cb«ity
firn
semor.
W« for«cad aa qreriric
laws ond rqpdsrioas
which
we considered
may have a direct mataial
eg'tm ea the 6naacial «mtmcau
ar operations nftb» Ctku(ty.
Wc asscsscd tbe eaan ofcompliance
wub the laws snd rcgulariass
klcati&al
above ducmgb
making caqairies ofmaoagauau
sad inspcmiag
legal documents
sad
anal)If«et
Idcnti6«i laws aad rcfpdolions «acmauaunicatcd
within
Ihe audit team regularly
aad Ihe leam ranaincd
alert Io iostanms ofaaa-mmpliaacc
tiunugboul
Ihc «alit.
Wcas)cased the sascqtribgiry
ofSeChariqrs
Boaaciat sue
mo cow
to outcrial missuuemau
indudiag
oburiaing
aa undwsunxi'mg
of how fraud might axur, by:
Making cnqtrirfcs ofmaang«mau
as to where they caasidcrtd
thwe wss suspxuMty
to Gau4 their knovlcdge ofequal, suspected
and agulgcd
&aud: ead
Coasidcring tbe intmml
controls
in place to miu6««risks
of&aud end aon compliance
vnth laws aad rcgul «ious
Ta Qddfms
the risk of t'raud Ihnmgb
msnsgcmeat
bias and ovemde ofcoaaols, va
prtbrmcd
Utuccdurm
toitb«uf} any unusual or unatptm«d rmariaasbips
(at«d )tnlfottl
«ntrtcd lo kfmdfy t«tunlsl~
stsesstd vrb«ther judg«mrna
sad~wcr«made
in dc[«rmfnhtg
tbe accntmtins
Uxiamtes
were fm&«orive ofpmmtisl
bias: snd
invrstigmcdl
tbe r«iaaale behind
vrigairicaat
or unusunl
aansamiaos
forespoase to GL« risk ot"rreguisntics
and aaa cmnp(iaace
with laws md~x we dmigned~whk& inctud«4
but were nor limited to:
Firn«cist
sFcang 6aandsl a«em«at diedosures Io underlyio
g suppaning
documca mtioa:
rmdiag the mintucs afmeaings ofthose cbargal with govcraaace
«aquuiog ofmnaagemau
xs toxxusi snd pmnuial
liugmion
and daims; aad
mtewmg
macspaadmce
wirb f(MRC, rdcvsnt
rcgtdmom
including
rhe Health «nd Safqy Excnuivc, a«l In«Charity's
legal advisors.
There are ink cran liout« i«as in aur sudh praccdurcs dca«(bed above Tbe morc ranovcd tb« laws snd regul sunna are liam rinanirini
van)mt trna. thc less likd y it
is tb«wc «auld
hmme swore ofa on compliance
A«dilia g standards
also limit tbc audit
procedures
r«quirai
m ideaufy noa compliance
with laws and r«fpdruians
ra caqsiry sfthc
Trust«a aad «her
«m agcmcnt
and the fatpmrion ofrcgul army md legal corrmpoadcncr.
ifany.
)kuwisl misnataneats
that arise duc ta &aud can bcbarda to dacm than hose thm arise &xn txrar ns they may favwtve ddilmme
maccalmcnt
or collusion.
.\ Tunk tv dcsxipion
ofour rmpoasibili
tbr the audit ofthe Gnaausl
uatcmmts
isbxatod on the
Repa rung Cm«cil" w«b its«:[www &cmg uk)«tdftarsrcsponribf
fbicsj.
This dmmptioa
Ibnm psn of«a auditar's
rcpon.
Utc ofOUt r«poft
Ikts rcport ts mate miry to tbc Charity's
membm. ss ~ bady. in accmdsacc «ith Chapter )ofPsn 16ofdx Campaaics
An IOU6. Our audit work l«s I«en uadenskea
m dat e
aught Umc to tbc Charity'I
me«ben
tham nmners ac are rcquind
to usta to dam in sn suditar's
rcpon and fnr no odwr purpose. To the fbi)«st emem pemuncd
In
fsw. Ue do nat
xcqn or xmunc rmpnnsibilily
Ia an)on«olbn'
than the Charity's
members
as s bmh. for our audit trnric far this «FOA ar
thc opinions ne
ve
rmaL
Senior Statutory
Auditor
for snd on behalf ofjeff)«y Altman R Company
'Sth )stmuty
'022
d

2021 2020
Unrestricted Restricted Unrestricte Restricted
Funds Funds Total Funds Funds Total
NOTE f.
INCOMING RESOURCES
Donations,
legacies and similar resources
55,594 947,653 1,003,247 2,882 871,002 ' 873,884
Charitable
Activities
3,033 , 3,033 41,854 1,748 43,602
Investment
Income
Bank Interest Receivable 5 25 23
Total incoming
Resources
5 . 58,632 947,653 I,006,285 44,761 872,750 9I7,5I I
RESOURCES EXPENDED
Charitable
activities
8,842 934,972 943,814 10,592 977,200 987,792
NET (OUTGOING)/INCOMING
'RESOURCES BEFORETRANSFERS 9 49,790 12,681 62,471 34,169 (104,450) (70,281)
Transfers
between
funds
(559) 559 (2,216) 2,216
Taxation
NET MOVEMENT
IN FUNDS
49,231 13,240 62,471 31,953 (102,234) (70,281)
Fund balances at 1st April, 2020 325,137 197,450 522,587 293,184 299,684 592,868
Fund balances at 31stMarch, 2021 374,368 210,690 585,058 325,137 197,450 522,587

BALANCE SHEET AS AT 31stMARCH
202
1
2021 2020
NOTES E,
FIXEDASSETS
Tangible Assets 10 7,117 9,152
CURRENT ASSETS
Stocks 350 375
Debtors 11 12,149 646,448
Cash at Bank and in Hand 579,730 117,397
592,229 764,220
CURRENT LIABILITIES
Creditors - amounts falling due within one year 12 14,288 250,785
NET CURRENT ASSETS 577,941 513,435
TOTAL ASSETSLESSCURRENT LIABILITIES 585,058 522,587
NET ASSETS 585,058 522,587
RESERVES
Unrestricted
funds
General funds 13 374,368 325,137
Restricted funds 13 210,690 197,450
585,058 6 522,587

2021 2020 2020
CASH INFLOW FROM OPERATING ACTIVITIES
Net expenditure 62,471 (70,281)
Depreciation 2,035 2,628
interest Received (5) (25)
Decrease/(Increase)
in debtors
634,299 (470,864)
Decrease/(Increase)
in stock
25 (30)
(Decrease)/Increase
in creditors (Excluding
loans and
finance leases) 236,497 462,328 102,911 435,661)
18(etcash inflow from operating
activities
CASH INFLOWS FROM INVESTING ACTIVITIES
hterest received 25
Payments
to acquire tangible
fixed assets 3,250 (3,225
CASH INFLOWS FROM FINANCING ACTIVITIES
Loan repayments
CHANGE IN CASH AND CASH E UIVALENTS f462,333 ~f438,8867
Cash as at 1st April, 2020 117,397 556,283
Cash as at 31stMarch, 2021 8379,730 K117,397

INCOMING RE SOURCES
2021 2020
Vnrestricted Restricted Vnrestricted Restricted
Funds Funds Total Funds Funds Total
E E
Royal Borough ofKensington and Chelsea
- Grants 425,937 425,937 273,000 273,000
Income from various projects and club
activities 3,033 3,033 41,854 976 42,830
Other Grants Received 375 521,716 522,091 598,002 598,002
SMART Band 772 772
General
Donations
4,810 4,810 2,882 2,882
Bank Interest Received 5 5 25 25
Coronavirus
Job
Retention Scheme Grat 50,409 50,409
58,632 E 947,653 E 1,006,285 44,761 E 872,750 E 917,511
ANALYSIS OF TOTAL RESOURCES EXPENDED
2021 2020
Charitable Support Charitable Support
Activities Costs Total Activities Costs Total
E E
Staff costs 709,863 709,863 711,865 711,865
Garden, cafe and packaging 1,026 1,026 22,533 22,533
Various projects and clubs 170,423 170,423 145,290 145,290
SMART Band 559 559 3,316 3,316
Big Local Expenditure 1,943 1,943
Training
and conference
5,541 5,541 4,446 4,446
Premises 7,460 7,460 6,503 6,503
Communications 3,930 3,930 2,766 2,766
Legal and professional 3,942 3,942 5,942 5,942
Audit fees 4,900 4,900 4,650 4,650
Bad debts 12,608 12,608 25,578 25,578
Motor and travel 74 74 248 248
Office expenses and general repairs 9,810 9,810 36,029 36,029
Printing,
postage
and stationery 7,087 7,087 9,765 9,765
Depreciation 2,035 2,035 2,628 2,628
Administration and services 4,468 4,468 4,101 4,101
Finance costs 88 88 189 189
E934,972 . E8,842 E943,814 E977,200 E10,592 E987,792

2021 2021 2020
7. STAFF COSTS AND TRUSTEES REMUNERATION
Salaries and Wages 652,258 649,635
Pension 5,710 5,692
Social Security Costs 51,895 56,538
f709,863 f711,865
No single employee
received total emoluments
in excess ofK60,000 (2020:KNil)
The Trustees were not paid or reimbursed for expenses during the year (2020:fNfl)
SMART staff costs represent good value for money as staff time is spent almost
entirely
on delivering
the Charity's aims and objectives.
8. STAFF NUMBERS
The average
number offull-time
equivalent
employees, including casual and part-time staff,
during
the year was:-
2021 2020
No. No.
Management
and administration
4 4
Training project workers 25 27
Cafe and catering 1 1
Gardening
and floristry
1 1
LT. project 1 1
32 34
2021 2020
E
9. NET OUTGOING
/INCOMING
RESOURCES FOR THE YEAR
This is stated after crediting:
Auditors'
Remuneration
4,900 4,650
Depreciation ofTangible Fixed Assets - owned 2,035 2,628
10.FIXEDASSETS
Tangible
Plant Fixtures
and and
E~ui ment ~Fittin s Total
COST OR VALUATION
Balance as at 1 April, 2020 59,982 46,549 106,531
Additions
in the year
Balance as at 31 March, 2021 59,982 46,549 . 106,531
DEPRECIATION
Balance as at 1 April, 2020 54,927 42,452 97,379
Charge for the year 1,011 1,024 2,035
Balance as at 31 March, 2021 55,938 43,476 99,414
NET BOOK VALUE
As at 31 March, 2020 f.5,055 K4,097 K9,152
As at 31 March, 2021 K4,044 K3,073 K7,117

2021 2021 2020 'I
11.DEBTORS - amounts
falling due within
one year
Trade debtors 310 631,440
Other debtors 11,839 15,008
Prepayments and accrued income
f. 12,149 f646,448
12.CREDITORS - amounts falling due within one year
Trade creditors 6,740 7,054
Taxation and social security costs 2,034 16,807
Accruals and Deferred income 4,750 224,746
Other creditors 764 2,178
614,288 6250;785
13.MOVKIVIENT OF FUNDS IN THE YEAR
Unrestricted Restricted
Funds Funds
SMART
General Project Band
Fund Fund Fund Total
At 1 April 2020 325,137 197,450 522,587
Income in the year 58,632 947,653 1,006,285
383,769 1,145,103 1,528,872
Expenditure in the year 8,842 934,413 559 943,814
374,927 210,690 (559) 585,058
Transfers {559) 559
At 31 March 2021 6374,368 6210,690 2 - F585,058

General Restricted Total
Fund Funds Funds
Tangible fixed assets 7,117 7,117
Current assets 374,368 217,861 592,229
Current liabilities (14,288) (14,288)
f374,368 210,690 5,585,058