2022-03-31-accounts - The Groundwork South Trust Limited

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		Page
Report ofthe Trustees
Chair's Report
About Groundwork
Objectives and	Activities
Public Benefit	Statement
Strategic Report
Achievements and Performance
Financial Review		13
Future Plans 2022/23		14
Principal Risks	and Uncertainties	16
Reference and Administrative Details		17
Structure, Governance	and Management	18
Statement ofTrustees'	Responsibilities	20
Independent Auditor's	Report	21
Statement ofFinancial	Activities forthe year ended 31 March 2022	24
Balance Sheet as at 31"March 2022		25
Cash Flow Statement forthe year ended 31n March 2022		26
Notes tothe Financial	Statements	27-37

		E
Central	Government	658,705
Local Authorities		1,732,391
Private	Sector	3,630,812
National	Lottery	578,437
		6,600,345

		E
Greener	Living &Working	4,093,440
Youth &	Employment	811,059
Parks &	Open Spaces	1,503,940
		6,408,439

		Unrestricted	Restricted	31.3.22	31.3.21
		Funds	Funds	Total Funds	Total Funds
	Notes
INCOME
Donations and legacies		29,823		29,823	16,902
Charitable activities		3,401,088	3,169,434	6,570,522	4,690,993
Total Income		3,430,911	3,169,434	6,600,345	4,707,895
EXPENDITURE
Charitable activities	5	3,329,642	3,078,797	6,408,439	4,698,943
Total expenditure		3,329,642	3,078,797	6,408,439	4,698,944
Net expenditure		101,269	90,637	191,906	8,952
Transfers between funds	14	90,637	(90,637)
Net expenditure before other
recognised gains and losses		191,906		191,906	8,952
Net movement in funds		191,906		191,906	8,952
RECONCILIATION OF FUNDS
Total Funds brought forward	14	(475,685)		(475,685)	(484,637)
TOTAL FUNDS CARRIED		(283,779)		(283,779)	(475,685)
FORWARD

A company limited b Registered Number: Balance Sheet	y guarantee) 01982077 as at31"March 2022
			31.3.22	31.3.21
		Notes	E	E
FIXEDASSETS
Intangible Assets		9
Tangible Assets		10	1,010,551	1,026,882
TOTAL FIXEDASSETS			1,010,551	1,026,882
CURRENT ASSETS
Debtors		11	1,159,989	496,119
Cash at bank and in	hand	17	870,587	246,933
TOTAL CURRENT ASSETS			2,030,576	743,052
LIABILITIES
Creditors: amounts	falling due within one year	12	(3,324,906)	(2,229,671)
NET CURRENT LIABILITIES			(1,294,330)	(1,486,619)
TOTAL ASSETS LESS	CURRENT LIABILITIES		(283,779)	(459,737)
Creditors: Amounts	falling due after more than one year	13		(15,948)
NET LIABILITIES
			(283,779)	(475,685)
THE FUNDS OF THE	CHARITY	14
Unrestricted funds			(283,779)	(475,685)
TOTAL CHARITY FUNDS			(283,779)	(475,685)

				31.3.22	31.3.21
			Notes	6	6
Cash flows from operating	activities		16	647,689	398,646
Cash flow from investing	activities
Investment income received
Purchase oftangible fixed	assets
Net cash used in investing	activities
Repayments ofborrowings
Cash outflows from new borrowings				(440,948)	(350,000)
Cash inflaws from new borrowings				425,000
Interest paid				(8,087)	(1,775)
Net cash provided by financing activities				(24,035)	(351,775)
Net Increase/(decrease) in cash and cash		equivalents		623,654	46,871
Cash and cash equivalents	at the beginning	ofthe year		246,933	200,062
Cash and cash equivalents	at the end ofthe year		17	870,587	246,933

expected useful lives on the following	bases:
Freehold property	—2%straight	line
Floating classroom superstructure	-25years
Floating classroom fixtures and fittings	- Syears
Motor vehicles	-20%straight	line
Fixtures and fittings	-20%straight	line
Computer equipment	—20%straight	line

	Unrestricted	Restricted	31.3.22	31.3.21
	funds	funds
	E		E	E
Donations	29,823		29,823	16,902
	29,823		29,823	16,902

		Unrestricted	Unrestricted	Restricted	31.3.22	31.3.21
			funds	funds
			4	4	E	E
Grant income		3,401,088		3,169,434	6,570,522	4,690,993
Tota I2021		2,055,160		2,635,833	4,690,993
Grant income					31.3.22	31.3.21
					E	E
Central	Government				658,705	374,886
Local Authonty					1,732,391	1,050,478
Lottery					578,437	1,013,697
Private					3,600,989	2,251,932
					6,570,522	4,690,993
Included	within income from Local Authority		are the	following core grants:
					31.3.22	31.3.21
					E	E
London	Borough of Hillingdon
						7,000

							Greener	Youth and	Parks and	31.3.22	31.3.21
							living and	employment	open
							working		spaces
							a		E
Charitable activities
Staff costs						1,591,329		539,063	599,116	2,729,508	2,233,449
Project costs						2,202,416		77,234	821,874	3,101,524	1,947,436
Sub total						3,793,745		616,297	1,420,990	5,831,032	4,180,885
Support costs
Staff costs							121,089	21,467	32,348	174,904	165,334
Administration							17,352	3,076	4,635	25,063	11,854
Communications		and	IT				60,226	10,677	16,089	86,992	67,613
Accommodation							37,038	6,566	9,895	53,499	49,063
Recruitment	&training						10,529	1,867	2,814	15,210	9,395
Marketing							535	95	143	773
Professional	fees						31,330	5,554	8,369	45,253	26,434
Depreciation	and
amortisation							10,352	1,835	2,765	14,952	23,436
Management	fee						41,539	7,364	11,097	60,000	60,000
Infrastructure	costs						41,539	7,364	11,097	60,000	60,000
Other							23,028	4,082	6,151	33,261	37,429
Governance	costs						5,192	921	1,387	7,500	7,500
Sub total							399,749	70,868	106,790	577,407	518,058
Total						4,193,494		687,165	1,527,780	6,408,439	4,698,943
Total resources expended					2021
Charitable activities						2,445,902		417,628	1,317,355	4,180,885
Support costs							258,913	62,765	196,380	518,058
Total 2021						2,704,815		480,393	1,513,735	4,698,943
6. NET	INCOMING			RESOURCES
										31.3.22	31.3.21
										E	E
Government	furlough		grants							54,944	521,001
NET OUTGOING				RESOURCES
										31.3.22	31.3.21
										E	E
Auditors' remuneration				—statutory			audit			7,500	7,500
Depreciation	—owned		assets							16,331	19,853
Operating lease payments										83,500	65,000
Amortisation	ofintangible				fixed	assets					8,054

				31.3.22	31.3.21
				E	E
Interest on loans fram group undertakings				8,087	1,775
8. STAFF	COSTS
Staff costs were as follows
				31.3.22	31.3.21
				E	E
Wages and salaries				2,799,909	2,174,723
Socialsecurity	costs			192,951	136,041
Pension costs				177,826	178,857
				3,170,686	2,489,621
The average number		ofemployees	during the year was as follows:	31.3.22	31.3.21
				138	112
Average expressed		as a full time equivalent		31.3.21	31.3.21
				108	88

. INTANGIBLE FIXEDASSETS
	Software
Cost	s
At 1April 2021	69,442
At 31March 2022	69,442
Amortisation
At 1April 2021	69,442
Disposals
Charge far year
At 31March 2022	69,442
Net BookValue
At 31March 2022
At 31March 2021

		Freehold	Freehold	Motor	Fixtures and	Computer	Floating
		property	f	vehicles f	fittings f	equipment f	Classroomf
COST
At 1"April 2021	1,005,000			20,503	132,300	74,102	116,250
Additions
Disposals
At 31"March 2022	1,005,000			20,503	132,300	74,102	116,250
DEPRECIATION
At 1"April 2021		55,300		20,503	125,120	73,850	46,500
Charge for year		8,400			3,029	252	4,650
Disposals
At 31"March 2022		63,700		20,503	128,149	74,102	51,150
NET BOOK VALUE
At 31"March 2022		941,300			4,151		65,100
At 31"March 2021		949,700			7,180	252	69,750
							Total
							Tangible
							Fixed Assets
							f
Cost
At 1April 2021							1,348,155
Additions
Disposals
At 31March 2022							1,348,155
Depreciation
At 1April 2021							321,273
Charge for year							16,331
Disposals
At 31March 2022							337,604
Net BookValue
At 31March 2022							1,010,551
At 31March 2021							1,026,882
1.DEBTORS:AMOUNTS		FALLING DUE WITHIN ONE			YEAR
						31.3.22	31.3.21
						f	f
Trade debtors						946,888	388,827
Other debtors							2,616
Prepayments and	accrued income					213,101	1D4,676
						1,159,989	496,119

2.CREDITORS: AMOU	NTS FALLING DUE WITHIN ONE	YEAR
		31.3.22	31.3.21
		F.	E
Bank loans and overdrafts
Trade creditors		975,864	135,934
Taxation and social security		75,055	104,168
Other creditors		185,714	226,897
Accruals and deferred	income	2,088,273	1,762,672
		3,324,906	2,229,671

					Amount
				Balance at	Released to	Amount	Balance at
				1April	Incoming	Deferred in	31March
				2021	Resources	the Year	2022
Movements	during	the	year	1,643,086	1,643,086	1,914,227	1,914,227
					Amount
				Balance at	Released to	Amount	Balance at
				1April	Incoming	Deferred in	31March
				2020	Resources	the Year	2021
Movements	during	the	year	1,288,738	1,288,738	1,643,086	1,643,086

3.CREDI	TORS: AMOUNTS FALLING DUE AFTER MORE THAN	ONE YEAR
		31.3.22	31.3.21
		E	E
Amounts	owed to group undertakings		15,948
(see note	21)
			15,948

	Brought	Incoming	Resources	Transfers	Carried
	forward	Resources	Expended	In / (Out)	Forward
Unrestricted Funds
General funds	(475,685)	3,430,911	(3,329,642)	90,637	(283,779)
Restricted Funds
Greener living and working		1,731,253	(1,683,285)	(47,968)
Youth and employment		417,426	(376,559)	(40,867)
Parks and open spaces		1,020,755	(1,018,953)	(1,802)
Total Restricted Funds		3,169,434	(3,078,797)	(90,637)
Total Funds	(475,685)	6,600,345	(6,408,439)		(283,779)

	Brought	Incoming	Resources	Transfers	Carried
	forward	Resources	Expended	In / (Out)	Forward
Unrestricted Funds
General funds	(484,637)	2,072,062	(2,159,450)	96,338	(475,685)
Restricted Funds
Greener living and working		860,726	(829,176)	(31,550)
Youth and employment		317,769	(431,029)	113,260
Parks and open spaces		1,457,336	(1,279,288)	(178,048)
Total Restricted Funds		2,635,833	(2,539,494)	(96,338)
Total Funds	(484,637)	4,767,895	(4,698,943)	—	(475,685)

15. ANALYSIS OF NET ASSETSBETWEEN FUNDS	15. ANALYSIS OF NET ASSETSBETWEEN FUNDS	15. ANALYSIS OF NET ASSETSBETWEEN FUNDS	15. ANALYSIS OF NET ASSETSBETWEEN FUNDS	15. ANALYSIS OF NET ASSETSBETWEEN FUNDS
					31.3.22	31.3.21
					Unrestricted	Unrestricted
					funds	funds
					E	E
Intangible fixed assets
Tangible fixed assets					1,010,551	1,026,882
Current assets					2,030,576	743,052
Creditors due within one year					(3,324,906)	(2,229,671)
Creditors due in more than		one	year			(15,948)
					(283,779)	(475,685)
16. RECONCILIATION	OF NET MOVEMENT			IN FUNDS TO NET CASH	FLOW FROM OPERATING
ACTIVITIES
					31.3.22	31.3.21
					E	E
Net expenditure forthe	year (as per Statement			of Financial Activities)	191,906	8,952
Adjustment for:
Depreciation and Amortisation			charges		16,331	27,907
Interest paid					8,087	1,776
(Increase) /Decrease in debtors					(663,870)	186,373
Increase in creditors					1,095,235	173,638
Cash flows from operating		activities			647,689	398,646
17. ANALYSIS OF CASH		AND	CASH EQUIVALENTS
					31.3.22	31.3.21
					E	E
Cash in hand					870,587	246,933
					870,587	243,933
18. ANALYSIS OF CHANGES			IN NET DEBT

	At 1Apr	Cash flows	Other	At 31Mar
	2021		Non- cash	2022
			change
			4
Cash and Cash equivalents
Cash	246,933	623,654		870,587
Overdrafts
Cash equivalents
	246,933	623,654		870,587
Borrowings
Debt due within 1year
Debt due after 1year	(15,948)	15,948
	(15,948)	15,948
Total	230,985	639,602		870,587

19.	OPERATING	OPERATING	LEASE COMMITMENTS
				31.3.22	31.3.21
				E	E
Amounts		payable
Within	1	year		83,766	78,822
Between		1and 5years		206,645	261,860
After	more than 5		years