2022-03-31-accounts - Limehouse Project Ltd

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li ANNUAL REPORT FINANCIAL STATEMENTS FOR YEAR ENDING 51ST MARC,H 2022 Company Number: 01817676 Charity Number= 295857

Contents				Pa eNo
Chair's Foreword				3
Governance and Objectives				5
Our Governing Document		8 Aims 8 Objectives		6
Management Structure				7
Financial Review				8
Management of Risk				10
LHP Services				11
~ Advice Services				13
~ Employment &Training Services				15
~ Health 8 Wellbeing		Programme		17
~ Little Limehouse	Preschool Childcare		Provision	21
Independent Auditor's	Report			23
Statement of Financial	Activities			30
Balance Sheet				32
Statement ofCash Flows				34
Notes to the Financial	Statements			35

				Unrestricted	Restricted	Total
				Funds	Funds	2022
			Note	K
Incoming resources
Income from:
Donations and grants					194,939	194,939
Investment income				30		30
Charitable activities				263,251	363,831	627,082
Total incoming resources				263,281	558,770	822,051
Resources expended:
Expenditure on charitable		activities	7	233,418	576,708	810,126
Governance costs			8	17,919	19,708	37,627
Total resources expended				251,337	596,416	847,753
Net income/(expenditure)		resources
before transfers				11,944	(37,646)	(25,702)
Transfers between	funds			70,849	70,849
Net movement in	funds			(58,905)	33,203	(25,702)
Reconciliation of	funds
Total funds brought	forward			927,222	35,148	962,370
Total funds carried	forward		17	868,317	68,351	936,668

				Unrestricted	Restricted	Total
				Funds	Funds	2021
2021 Comparative			Note		6
Incoming resources
Income from:
Donations and grants				43,483	194,939	238,422
Investment income				99		99
Charitable activities				266,282	413,590	679,722
Total incoming resources				309,714	608,529	918,243
Resources expended:
Costs ofgenerating	income			37	106	143
Expenditure on charitable		activities		163,280	589,260	752,540
Governance costs				24,850	14,685	39,535
Total resources expended				188,167	604,051	792,218
Net income resources before transfers				121,547	4,478	126,025
Transfers
Transfers between	funds			15,762	15,762
Net movement in	funds			105,785	20,240	126,025
Reconciliation of	funds
Total funds brought	forward			821,437	14,908	836,345
Total funds carried	forward		17	927,222	35,148	962,370

B	ALA	NCE SHEET AS AT 31 MAR	CH 20	22
				2022	2021
			Note	E	6
Fixed assets
Tangible assets			11	783,440	777,046
Current assets
Debtors			12	83,278	68,730
Cash at bank and in	hand		13	601,208	585,626
				684,486	654,356
Creditors: Amounts	falling due within one year		14	259,350	175,300
Net current assets				425,136	479,056
Total assets less current liabilities				1,208,576	1,256,102
Creditors: Amounts	falling due after more than one
year			15	271,908	293,732
Net assets				936,668	962,370
Funds ofthe charity:
Restricted Funds				68,351	35,148
Designated unrestricted		Funds		732,121	756,991
General unrestricted	funds			136,196	170,231
Total funds			17	936,668	962,370

FOR THE	YEAR ENDE	D 31 MARC	H 2022
			2022	2021f
Cash flows from operating activities
Net cash (expenditure)/income			(25,702)	126,025
Adjustments to cash flows from non-cash		items
Depreciation			13,463	9,088
Investment income				99
			(12,239)	135,014
Working capital adjustments
(Increase)/decrease in debtors			(14,547)	15,641
Increase/(decrease) in creditors			84,050	8,517
Net cash flows from operating	activities		57,264	142,138
Cash flows from investing activities
Purchase oftangible fixed assets			(19,856)	(13,891)
Grants received for purchase	ofequipment			13,891
Interest receivable and similar	income			99
Net cash flows from investing	activities		(19,856)	99
Cash flows from financing activities Loan repaid			~21.826~21,024
Net increase in cash and cash equivalents			15,582	121,213
Cash and cash equivalents at	1 April		585,626	464,413
Cash and cash equivalents at	31 March		601,208	585,626

			Restricted	Total	Total
			funds	2022	2021
				6
Training and Development;
LBTH-Developing	potential		50,295	50,295	50,295
National Lottery -	Developing	Potential	144,644	144,644	144,644
Other Government	grants (Furlough)				43,483
Total donations	and grants		194,939	194,939	238,422

5 Income from	c	h	ari	table ac	tivities
					Unrestricted		Total	Total
					General	Restricted	2022	2021
								E
Advice
Big Energy Saving		Network				4,500	4,500	9,000
LBTH:Advice Service
Consortium (LAP	7)					135,000	135,000	135,000
PCT (Social Action		for Health)
(GP Outreach)					33,845		33,845	43,247
Adv200a - UKPN						4,960	4,960
Adv210 - CAF Resilience Fund						44,712	44,712
Ocean Regeneration			Trust-
Universal Credit						4,996	4,996	7,500
EUSS								10,910
National Lottery Community
Fund - Coronavirus								55,377
City Bridge Trust						38,450	38,450	18,950
					33,845	232,618	266,463	279,984
Training and development
Little Limehouse	nursery				126,099	10,398	136,497	149,761
The Sheroes Programme								19,736
City Bridge Trust	- Employment
Advice						10,000	10,000	42,010
ELLAT								9,600
Luncheon Club								45,075
DigiTies						17,432	17,432	17,432
Breakthrough: Painting				and
Decoration						12,360	12,360	17,000
Equipment								16,629
Kickstart Admin					10500		10500
					136,599	50,190	186,789	317,243
Other income
Core210						10,000	10,000
Ethnic Minority Network						22,623	22,623
Funding pot from	Good			Things
Foundation (Core	960)				18,720		18,720
Various funding pots			(Core 950)		9,142		9,142
Kickstart						17,867	17,867

	FOR THE Y	EAR ENDED 3	1 MARCH 2022
		Unrestricted		Total	Total
		General	Restricted	2022	2021
				6
Henry Smith Charity			29,533	29,533
Starting Point		3,750		3,750
HARCA		15,000		15,000
Betty Messenger Foundation	Charitable		1,000	1,000
Steering Committee Representation					24,763
Concordia Rent		12,917		12,917	10,586
Miscellaneous					9,633
Rent Receivable		33,308		33,308	35,663
Charity Trust					600
E3Partnership		92,837	81,023	173,860	1,250 82,495
Total income from charitable
activities
Advice		33,845	232,618	266,463	279,984
Training and Development		136,599	50,190	186,789	317,243
Other income		92,837	81,023	173,860	82,495
		263,281	363,831	627,112	679,722

funds and	6413,590 in res	tricted funds.
6 Costs	ofgenerating	income
				Total	Total
				2022	2021
			Note		E
Advertising	8 consulting					143

			Unrestricted		Total	Total
			General	Restricted	2022	2021
Staff costs			174,721	423,922	598,643	526,067
Other direct		costs	111	108,729	108,840	105,094
Premises	costs		33,230	8,256	41,486	35,502
Client services			3,401	5,612	9,013	31,937
Volunteers				174	174	287
Travel			123	306	429	177
Training	and	recruitment	1,700	1,892	3,592	7,357
General	office		13,788	20,698	34,486	37,031
Depreciation		and loss on
disposal			6,344	7,119	13,463	9,088
			233,418	576,708	810,126	752,540
			Activity
			undertaken	Activity	Total	Total
			directly support costs R f		2022	2021
Direct Costs			762,067		762,067	706,421
Support	costs			47,950	47,950	46,119
			762,067	47,950	810,017	752,540

8 Analysis ofgover	nance	and support co	sts
		Unrestricted		Total	Total
		General	Restricted	2022	2021
			6		f.
Legal and professional	fees	6,760	7,200	13,960	11,918
Miscellaneous		130	147	227	118
Loan interest		8,827	9,890	18,717	19,659
Audit and accountancy		2,202	2,471	4,673	7,840
		17,919	19,708	37,627	39,535

			2022	2021
Operating leases -property			24,948	19,824
Auditors' remuneration	- audit fees		2,300	2,300
Auditors' remuneration	—non-audit	services	2,373	3,500
Depreciation			13,463	9,088
10 Staff costs and	numbers
			Total	Total
			2022	2021
			F
Staff costs were as follows:
Salaries and wages			539,007	464,729
Sessional and cover	contractors		13,429	20,003
Social security costs			41,137	35,598
Pension costs			5,071	5,737
			598,644	526,067

11 Tangible fixed	asset	s
			Leasehold	Office	CRM
			Property	Equipment	Software	Total
			K	E
Cost
At 1 April 2021			833,720	16,426	26,864	877,010
Additions				19,856		19,856
At 31 March 2022			833,720	36,282	26,864	896,866
Depreciation
At 1 April 2021			63,809	9,291	26,864	99,964
Charge for the year			6,694	11,226		17,920
Grant release- office	equipment			4,458		4,458
At 31 March 2022			70,503	16,059	26,864	113,426
Net book value
At 31 March 2022			763,217	20,223		783,440
At 31 March 2021			769,911	7,135		777,046
12 Debtors
					2022	2021
						E
Grants and contracts	receivable				21,260	9,505
Prepayments and accrued		income			62,018	59,225
					83,278	68,730
13 Cash and cash	equivalents
					2022	2021
					E	E
Cash at bank					601,127	585,522
Petty cash					81	104
					601,208	585,626
14 Creditors: amounts		falling	due within one year
					2022	2021
						E
Bank loans					39,188	39,187
Trade creditors					28,054	15,640
Taxation and social security					14,991	17,506
Other creditors					18,470	9,307
Accruals and deferred	income				158,647	93,660
					259,350	175,300

15 Credit	ors: am	ounts falling due after one y	ear
			2022	2021
Bank loans			271,908	293,732
			2022f	2021
Repayable	between	two and five years	156,752	156,752
Repayable	in five years or more		115,156	136980
			271,908	293,732

16 Analysis of net asse	ts between funds
	Unrestricted	Unrestricted
	General	Designated	Restricted	Total funds
Tangible fixed assets	20,223	763,217		783,440
Current assets	167,241	280,000	237,245	684,486
Current liabilities	(51,268)	(39,188)	(168,894)	(259,350)
Creditors over 1 year		271,908		271,908
Total net assets	136,196	732,121	68,351	936,668

					Total funds at	Total funds at
			Unrestricted	Unrestricted		31 March
			General	Designated	Restricted	2021
					R
Tangible	fixed	assets	7,135	769,911		777,046
Current	assets		217,260	320,000	117,096	654,356
Current	liabilities		(54,164)	(39,188)	(81,948)	(175,300)
Creditors	over	1 year		293,732		293,732
Total net assets			170,231	756,991	35,148	962,370

17 Funds
			Balance at	Incoming	Resources		Balance at
			1 Apr 2021	resources	expended	Transfers	31 Mar	2022
							K
Unrestricted
General			(170,231)	(263,281)	251,337	45,979	(136,196)
Designated
Premises			(436,991)			(15,130)	(452,121)
Staff and administrative
overheads			(90,000)				(90,000)
Potential redundancy
costs			(50,000)				(50,000)
Develop our premises		to
accommodate an
expansion in our service
provision			(80,000)				(80,000)
2021/22 forecasted	deficit		(100,000)			50,000	(50,000)
Marketing &PR						10,000	10,000
			756,991			24,870	732,121
Total unrestricted			927,222	263,281	251,337	70,849	868,317
Restricted
LBTH East End Citizen
Advice Bureaux (LAP
384)			(752)					(752)
LBTH:Advice Service
Consortium (LAP 7)				(135,000)	153,586	(18,586)
Adv140 - NLCF					(125)			(125)
Ocean Regeneration
Trust - Universal Credit			(5,822)	(4,996)	1,614	9,204
City Bridge Trust				(38,450)	48,661	(10,211)
City Bridge Trust
Employment advice				(10,000)	15,155	(5,155)
Big Energy Saving
Network			(1,896)	(4,500)			(6,396)
Equipment - Clothworkers
Foundation				(4,960)	4,685			(275)
Early years campaign				(44,712)	21,770		(22,942)
Core210				(10,000)			(10,000)
Core900 Equipment					11,546	(11,546)
Ethnic Minority Network				(22,624)	12,557		(10,067)
ELATT			(3,068)			3,068
EMP530 City Bridge					11,729	(11,729)

		Balance at	Incoming	Resources		Balance at
		1 Apr 2021	resources f	expended	Transfers	31 Mar 2022 6
Lloyds Bank Foundation				7,347	(7,347)
Breakthrough: Painting
and Decoration			(12,360)	8,233		(4,127)
LBTH: Developing
Potential			(50,295)	53,805	(3,510)
National Lottery-
Developing Potential		(17,558)	(144,644)	167,700	(5,498)
Henry Smith Charity			(29,533)	25,783		(3,750)
Kickstart			(17,867)	23,156	(5,289)
Luncheon Club		(6,052)		20,700	(14,648)
Betty Messenger
Charitable Foundation			(1,000)			(1,000)
DigiTies			(17,431)	8,514		(8,917)
Little Limehouse	nursery		10,398		10,398
Total restricted		35,148	558,770	596,416	70,849	68,351
Total funds		962,370	822,051	847,753		936,668

Comparatives for movement	Comparatives for movement	Comparatives for movement	in funds
		Balance at		Incoming	Resources		Balance at
		1	Apr 2020	resources	expended	Transfers	31 Mar 2021
			6
Unrestricted
General			(178,774)	(309,714)	188,167	130,090	(170,231)
Designated
Premises			(422,663)			(14,328)	(436,991)
Staff and administrative
overheads			(90,000)				(90,000)
Potential redundancy
costs			(50,000)				(50,000)
Develop our premises		to
accommodate an
expansion in our service
provision			(80,000)				(80,000)
2021/22 forecasted	deficit					100,000	100,000
			642,663			114,328	756,991
Total unrestricted			821,437	309,714	188,167	15,762	927,222
Restricted
LBTH East End Citizen
Advice Bureaux (LAP384)			(752)				(752)
LBTH:Advice Service
Consortium (LAP 7)			(3,402)	(135,000)	144,235	(5,833)
Ocean Regeneration
Trust - Universal Credit			26	(7,500)	1,652		(5,822)
City Bridge Trust				(18,950)	19,337	(387)
Big Energy Saving
Network			(1,896)	(9,000)	3,956	5,044	(1,896)
Equipment -Clothworkers
Foundation			358			(358)
Early years campaign			(1,437)			1,437
ELATT			(3,067)	(9,600)	6,438	3,161	(3,068)
Lloyds Bank Foundation			(3,963)		9,375	(5,412)
Breakthrough: Painting
and Decoration			(1,359)	(17,000)	24,663	(6,304)
National Lottery-
Developing Potential			2,303	(194,939)	175,078		(17,558)
Luncheon Club			(328)	(45,075)	39,351		(6,052)
Sports and Arts			(35)			35
DigiTies			(42)	(17,432)	18,669	(1,195)
Little Limehouse nursery				(26,000)	14,914	11,086

The charity's total offuture minimum payments unde 31 March 2021 is as follows:	r non-cancellable operating leases	of premises at
	2022	2021
Other
Within one year	16,000	11,298
Between one and five years	48,000
	64,000	11,298