|Contents||Page|
|---|---|---|
|Legal and administrative|information||
|Report ofthe CoUncil||4-8|
|Independent
examiner's|report||
|Statement
of Financial|Activities|10|
|Balance sheet||11-12|
|Notes to the financial statements||13-19|
|Appendix
1||20|
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|Council Members|||
|---|---|---|
|Susan Blundell|.....Chairperson||
|John Mortimer.|.....Honorary|Treasurer|
|Nicholas
Bailey.|.....Member||
|Barbara Corr.|.Member||
|Gwilym
Harbottle. ....|.....Member||
|Chiara Menage. ..|.....Member||
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|INCONIE AND EXPENDITUR|E|||
|---|---|---|---|
|||2022|2021|
|Incoming resources|Notes|||
|Rents Receivable||173,097|163,314|
|Insurance recovered||3,406|3,940|
|Playground
grant and use||3,440||
|Donations||||
|||179,942|167,254|
|Interest Receivable||899||
|Total Incoming resources||180,841|167,254|
|Resources Expended||||
|Direct Charitable
activities||129,480|168,774|
|Expenses||20,564|19,115|
|Total Resources Expended||150,044|187,889|
|Net Movement
In Funds||30,797|( 20,635 )|
|Total Funds Brought Forward||7,774,032|7,794,667|
|Total funds carried forward||7804829|7774032|
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||Notes|2022|2021|
|---|---|---|---|
|Fixed assets||||
|Tangible fixed assets|9a|6,935,866|6,945,165|
|New Lease- 54Warren St- Four flats|9b|642,000||
|54Warren StFlats- Redevelopment|9c|45,371||
|Investment|10|2||
|Total Tangible fixed assets||7,623,239|6,945,167|
|Current Assets||||
|Debtors and Prepayments||29,949|22,253|
|Short term deposits||46,668|42,282|
|Cash and bank||322,104|1,030,186|
|||398,721|1,094,721|
|Current Liabilities: Creditors:||||
|Amounts
falling due within one year|12|( 120,421 )|( 125,094 )|
|Net current assets||278,300|969,627|
|||7,901,539|7,914,794|
|Current Liabilities: Creditors:||||
|Amounts
falling due after more than||||
|one year|13|( 96,710 )|( 140,762 )|
|Total assets less current liabilities||7,804,829|7,774,032|
|Funds Financed by:||||
|Restricted funds||||
|Unrestricted
general funds|15|7,804,829|7,774,032|
|Total funds||7,804,829|7,774,032|
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|7.Direct Chari|table|Expenditure||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||R|R|
|Properties- Warren||Street||55,494|91,569|
|Fitzrovia Children's||Centre||38,972|44,658|
|Administration|and|Development|work|35,014|32,547|
|||||129,480|168,774|
|8.Management|and|Administration|ofthe charity|||
|||||2022|2021|
|||||R||
|Administration|Fees|||17,739|16,290|
|Accountancy Fees||||2,825|2,825|
|||||20,564|19,115|
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|9.Tangible Fixed Assets||||||
|---|---|---|---|---|---|
|||Leasehold||Freehold|Total|
||||Property|land and||
||||(short)|buildings||
||||2022|2022|2022|
||||||R|
|Cost orvaluation||||||
|1 October 2021|||184,660|6,889,368|7,074,028|
|Additions:||||||
|54Warren st-4 flats-acquisition||||642,000|642,000|
|54Warren st-4 flats-Work|in progress|||45,371|45,371|
|30September 2022|||184,660|7,576,739|7,761,399|
|Depreciation||||||
|1 October 2021|||128,863||128,863|
|Charge forthe year|||9,299||9,299|
|30September 2022|||138,162||138,162|
|Net book value||||||
|30September 2022|||46,498|7,576,739|7,623,237|
|30September 2021|||55,797|6,889,368|6,945,165|
|The comparable
amounts|offixed assets|included above at valuation||determined||
|according to the historical|cost accounting|convention|rules are as follows:|||
|Cost||||||
|1 October 2021|||184,660|1,463,218|1,647,878|
|Additions:||||||
|54Warren st-4 flats-acquisition||||642,000|642,000|
|54Warren st-4 flats-Work|in progress|||45,371|45,371|
|30September 2022|||184,660|2,150,589|2,335,249|
|Depreciation||||||
|1 October 2021|||128,863||128,863|
|Charge for the year|||9,299||9,299|
|30September 2022|||138,162||138,162|
|Net book value||||||
|30September 2022|||46,498|2,150,589|2,197,087|
|30September 2021|||55,797|1,463,218|1,519,015|
##
|Notes to the Accounts (continued)|Notes to the Accounts (continued)|Notes to the Accounts (continued)|||
|---|---|---|---|---|
|10.Fixed Assets Investments|||||
||||2022|2021|
|Shares in Polepoise Limited- A wholly owned subsidiary|||2|2|
|11.Debtors:|Amounts|falling due within one year|||
||||2022|2021|
|Trade Debtors|||4,472|17,707|
|Prepayments|and accrued income||25,476|4,546|
||||29,949|22,253|
|12.Creditors:|Amounts|falling due within one year|||
||||2022|2021|
||||R||
|Mortgage and|Bank loan|repayments|49,168|48,922|
|Rent deposits|held||46,668|42,282|
|Accruals and creditors|||21,760|31,065|
|Accountancy fee|||2,825|2,825|
||||120,421|125,094|
|13.Creditors:|Amounts|falling due after more than one year|||
||||2022|2021|
||||R||
|Bank loan - Unity Trust Bank|||96,710|140,762|
||||96,710|140,762|
|14.Secured Debts|||||
||||2022|2021|
||||R|R|
|Bank loan - Unity Trust Bank|||145,879|189,684|
||||145,879|189,684|
##
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|Notes to the|Notes to the|Accounts (continued)|||
|---|---|---|---|---|
|15.Unrestricted||General Fund|||
||||2022|2021|
|||||R|
|1 October 2022|||7,774,032|7,794,667|
|Net Movement|in|Funds|30,797|( 20,635 )|
|30September|2022||7,804,829|7,774,032|
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|FOR THE YEAR ENDED 30SEPTEMBER2|022|||||
|---|---|---|---|---|---|
||2022|2022|2022|2022|2021|
||General|FCC|Warren St|Total|Total|
||Fund|||Funds|Funds|
|Incoming Resources|&||R||&|
|Rents receivable||30,000|143,097|173,097|163,314|
|Insurance
recovered||0|3,406|3,406|3,940|
|Playground
grant and use||3,440||3,440||
|Donation||||||
|Interest Receivable||||||
||899|33,440|146,502|1&0,841|167,254|
|RESOURCESEXPENDED||||||
|Administration
fees|38,620|||38,620|38,402|
|Rent, meeting
room 8 mail address|3,935|||3,935|3,449|
|Travelling expenses|3,303|||3,303|2,855|
|Postage, printing
and stationery|179|||179|295|
|Telephone|600|||600|390|
|General expenses|1,269|||1,269|461|
|Accountancy|2,825|||2,825|2,825|
|Legal and prof fees||0|14,147|14,147|15,530|
|Rent||15,500||15,500|15,500|
|Council tax/ Business rates|||||2,983|
|Insurance|||6,861|6,861|6,277|
|Advertising|500|||500||
|IT&Website|1,107|||1,107||
|Light and heat|||1,363|1,363|1,582|
|Maintenance
and furnishings||1,934|2,908|4,842|6,306|
|Refurbishment
costs|||26,409|26,409|64,442|
|Caretaker|2,395|10,362|320|13,077|11,402|
|Subscriptions/Amliations|706|||706|363|
|Bank charges|139|||139|83|
|Depreciation||9,299||9,299|9,299|
|Bad Debts provision||||||
||55,578|37,095|52,008|144,681|182,441|
|Interest payable (35%8,65%)||1,877|3,486|5,363|5,448|
|Totalexpenditure|55,578|38,972|55,494|150,044|187,889|
|Net income (expenditure)|( 54,679|( 5,532 )|91,008|30,797|(20,635 )|
##
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|Tangible|Fixed Assets|List||||||
|---|---|---|---|---|---|---|---|
|Warren||Years|of|Property Type|Start of|2022|2021|
|Street||Lease|||Lease|R||
||52|10||Commercial|April 2016|T56,284|756,284|
|||1||Residential|December 2015|2,274,750|2,274,T50|
|||||||3,031,034|3,031,034|
||54|10||Commercial|September 2014|815,556|815,556|
|||65||Residential|February 2022|642,000||
|||65||Work in Progress|February 2022|45,371||
|||65||Residential|December 1987|465,569|465,569|
|||||||1,968,496|1,281,125|
||57|5||Commercial|August 2013|688,889|688,889|
|||65||Residential|September 1987|386,195|386,195|
|||||||1,075,084|1,075,084|
||59|125||Commercial|September 1987|10,125|10,125|
|||65||Residential|September 1987|374,898|374,898|
|||||||385,023|385,023|
||60-61|10||Commercial|September 1987|1,112,796|1,112,796|
|||175||Residential|September 1987|4,306|4,306|
|||||||1,117,102|1,117,102|
|||||||7,576,739|6,889,368|