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|||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||13-18|
|Appendix
1||19|
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|Company
number|01950030(England|01950030(England|8 Wales)|
|---|---|---|---|
|Charity number|296025|||
|Registered office|Fitzrovia
2 Foley|Community
Street,|Centre,|
||London|W1W 6DN||
|Council Members||||
|Susan Blundell|...Chairperson|||
|John Mortimer.|. Honorary|Treasurer||
|Nicholas Bailey.|...Member|||
|Barbara Corr. .|.....Member|||
|Gwilym
Harbottle.|...Member|||
|Ali Yadzi.|...Member|||
|Secretary||Susan Blundell||
|---|---|---|---|
|Bankers||Unity Trust Bank||
|||Nine Brindley Place||
|||Birmingham,||
|||B12HB||
|Independent|Examiner|Verdant Accountants|Limited|
|||20-22 Wenlock Road||
|||London
Nl 7GU||
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|INCOME AND EXPENDiTURE|||
|---|---|---|
||2023|2022|
|Incoming resources||R|
|Rents Receivable|227,472|173,Q97|
|Insurance
recovered|3,806|3,4Q6|
|Playground
grant and use|6,000|3,440|
|Donations|||
||237/79|179,942|
|Interest Receivable|2032|899|
|Total Incoming resources|239311|180841|
|Resources Expended|||
|Direct Charitable
activities|142,276|129,480|
|Management
8 Admin Expenses|20,583|20,564|
|Total Resources Expended|162859|150044|
|Net Movement
In Funds|T6,452|30,797|
|Total Funds Brought Forward|7,804,829|7,T74,032|
|Total funds carried forward|7881
81|7804829|
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||Notes|2023|2022|
|---|---|---|---|
|Fixed assets||||
|Tangible fixed assets|9|7,613,938|6,935,866|
|New Lease- 54Warren St-Four flats
54Warren StFlats- Redevelopment|9
9|256,708|642,000
45,371|
|Investment|10|2|2|
|Total Tangible fixed assets||7,870,648|7,623/39|
|Current Assets||||
|Debtors and Prepayments||11,858|29,949|
|Short term deposits||71,751|46,668|
|Cash and bank||114157|322104|
|||197,766|398,721|
|Current Liabilities: Creditors:||||
|Amounts
falling due within one year|12|(134,641 )|(120,421 )|
|Net current assets||63125|278300|
|||7,933,773|7,901,539|
|Current Liabilities: Creditors:||||
|Amounts
falling due after more than||||
|one year||(52,492 )|(96,710)|
|Total assets less current liabilities||7881
81|7804829|
|Funds Financed by:||||
|Restricted funds||||
|Unrestricted
general funds|15|7,881,281|7,804,829|
|Total funds||7881 81|7804829|
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|The|average|monthly|number|ofCouncil|members|during|the|year was||
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023|2022|
|||||||||6|6|
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|7.Direct Chari|table|Expenditure||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||R|R|
|Properties-Warren||Street||46,856|55,494|
|Fitzrovia Children's||Centre||60,373|38,972|
|Administration|and|Development|work|35,047|35,014|
|||||142 76|129480|
|8.Management|and|Administration|ofthe charity|||
|||||2023|2022|
|||||R||
|Administration|Fees|||18,483|17,739|
|Accountancy Fees||||2,100|2,825|
|||||20683|20664|
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|9.Tangible Fixed Assets|||||
|---|---|---|---|---|
|||Leasehold|Freehold|Total|
|||Property|land and||
|||(short)|buildings||
|||2023|2023|2023|
||||R||
|Costorvaluation|||||
|1 October2022||184,660|7,576,739|7,761,399|
|Additions:|||||
|54Warren StFlats-Redevelopment|||256,708|256,708|
|30September 2023||184660|7833447|8018107|
|Depreciafion|||||
|1 October 2022||138,162||13&,162|
|Charge forthe year||9,299||9/99|
|30September 2023||147461||147 46'I|
|Net book value|||||
|30September 2023||37199|7833447|7 870646|
|30September 2022||46498|7576739|7623237|
|The comparable
amounts ofAxed assets|included above atvaluation||determined||
|according tothe historical cost accounting|convention|rules are as follows:|||
|Cost|||||
|1 October 2022||184)660|2,150,589|2,335/49|
|Additions:|||||
|54Warren StFlats-Redevelopment|||256,708|256,708|
|30September 2023||184660|2407 97|2591957|
|Oepreciation|||||
|1 October2022||138,162||138,162|
|Charge forthe year||9,299||9@99|
|30September 2023||147
1||147461|
|Net book value|||||
|30September 2023||37199|2407297|2444496|
|30September 2022||46498|2 150589|2 197087|
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|10 Fixed Assets|10 Fixed Assets|investments|investments|||
|---|---|---|---|---|---|
|||||2023|2022|
|||||R|R|
|Shares in Polepoise
Limited- Awholly owned subsidiary||||2|2|
|11.Debtors: Amounts|||falling due within one year|||
|||||2023|2022|
|||||R|R|
|Trade Debtors||||2,058|4,472|
|Prepayments|and|accrued income||9800|25476|
|||||11858|29949|
|12.Creditors:|Amounts||falling due within one year|||
|||||2023|2022|
|||||R|R|
|Mortgage and|Bank loan||repayments|50,645|49,168|
|Rent deposits|held|||71,751|46,668|
|Accruals and|creditors|||10,145|21,760|
|Accountancy fee||||2,100|2,825|
|||||134641|120421|
|13.Creditors:|Amounts||falling due after more than one year|||
|||||2023|2022|
|||||R|R|
|Bank loan - Unity||Trust Bank||52,492|96,710|
|||||52492|96710|
|14.Secured Debts||||||
|||||2023|2022|
|||||R|R|
|Bank loan - Unity||Trust Bank||103,138|145,879|
|||||103 138|145879|
|The Unity Trust Bank hold a5rst and second legal charge over the properties.||||||
|16.Unrestricted||General Fund||||
|||||2023|2022|
|||||R|R|
|1 October2022||||7,804,829|7,774,032|
|Net Movement|in|Funds||76,452|30,797|
|30September|2023|||7881281|7804829|
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|FOR THE YEAR ENDED 30SEPTEM|BER2023|||||
|---|---|---|---|---|---|
||2023|2023|2023|2023|2022|
||General|FCC|Warren St|Total|Total|
||Fund|||Funds|Funds|
|Incoming Resources|||||8|
|Rents receivable||30,000|197,472|227,472|173,097|
|Insurance
recovered||0|3,806|3,806|3,406|
|Playground
grant and use||6,000||6,000|3,440|
|Donation||||||
|Interest Receivable|2032|||2032|899|
||2032|36000|201 79|239311|180841|
|RESOURCES EXPENDED||||||
|Administration
fees|40,884|||40,884|38,620|
|Rent, meeting
room 8 mail address|5,084|||5,084|3,935|
|Travelling expenses|3,949|||3,949|3,303|
|Postage, printing
and stationery|526|||526|179|
|Telephone|648|||648|600|
|General expenses|568|||568|1,269|
|Accountancy|2,100|||2,100|2,825|
|Legal and proffees||0|8,268|8,268|14,147|
|Rent||15,500||15,500|15,500|
|Council tax/ Business rates|||5,884|5,884||
|Insurance|||12,250|12,250|6,861|
|Advertising|720|||720|500|
|IT&Website|467|||467|1,107|
|Light and heat|||2,282|2,282|1,363|
|Maintenance
and furnishings||18,194|5,737|23,931|4,842|
|Refurbishment
costs|||6,594|6,594|26,409|
|Caretaker||14,234||14,234|13,077|
|Subscriptions/
AIliations|528|||528|706|
|Bank charges|157|||157|139|
|Depreciation||9,299||9,299|9,299|
|Bad Debts provision||||||
||66,630|57~7|41,014|153,872|144,681|
|Interest payable (35%&65%)||3,145|5,841|8,987|5,363|
|Total expenditure|55 630|60373|46856|162859|160044|
|Net income (expenditure)|63698|24373|154423|76452|30797|
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|Warren|Years of|Property Type|Start of|2023|2022|
|---|---|---|---|---|---|
|Street|Lease||Lease|||
|52|10|Commercial|April 2016|756,284|756,284|
||1|Residential|December 2015|2274750|2274 750|
|||||3,031,034|3,031,034|
|54|10|Commercial|September 2014|815,556|815,556|
||65
65
65|Residential
Work in Progress
Redevelopment|February2022
February2022
September2023|642,000
45,371
256,708|642,000
45,371|
||65|Residential|December 1987|465569|465569|
|||||2,225,204|1,968,496|
||10|Commercial|July 2023|688,889|688,889|
||65|Residential|September 1987|386195|386195|
|||||1,075,084|1,075,084|
|59|125|Commercial|September 1987|10,125|10,125|
||65|Residential|September 1987|374898|374898|
|||||385,023|385,023|
|60-61|10|Commercial|March 2022|1,112,796|1,112,796|
||175|Residential|September 1987|4306|4 306|
|||||1,117,102|1,117,102|
|||||7833447|7576739|