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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|
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|||E|
|---|---|---|
|Central|Government|658,705|
|Local Authorities||1,732,391|
|Private|Sector|3,630,812|
|National|Lottery|578,437|
|||6,600,345|
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|||E|
|---|---|---|
|Greener|Living &Working|4,093,440|
|Youth &|Employment|811,059|
|Parks &|Open Spaces|1,503,940|
|||6,408,439|
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|||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||||||
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|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)|
##
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|||||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|
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|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|
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||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|
##
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|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)|
##
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||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|
##
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|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|||
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