2022-03-31-accounts - Barons Court Project

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Chairman's Report		2 —3
Directors' and Trustees'	Report	4 —10
Independent Examiner's	Report
Statement of Financial	Activities	12
Balance Sheet		13
Notes to the Accounts		14-26

						Unrestricted	Funds
						General	Designated	Restricted
					Notes	Funds f	Funds f	Funds F	2022f	2021 F
Income
Donations					2	194,181		2,870	197,051	99,666
Income from charitable			activities		3	77,340		152,361	229,701	331,761
Other trading activities					4	21,180			21,180	11,074
Investment income										405
Total income						292,712		155,231	447,943	442,906
Expenditure
Cost of raising funds					5	52,660			52,660	39,990
Expenditure on charitable				activities	5	224,616		153,693	378,309	373,014
Total expenditure						277,276		153,693	430,969	413,004
Net income						15,435		1,538	16,974	29,902
Transfer between	funds					42,570	42,570
Net movement in	funds					(27,135)	42,570	1,538	16,974	29,902
Reconciliation of	funds
Total funds, brought		forward				106,715	122,430	223,644	452,789	422,887
Total funds carried		forward				79,581	165,000	225,182	469,763	452,789

GRANTS AND DONATIONS
			Unrestricted 6	Restricted 6	2022 6	2021f
Bernard Sunley Foundation			2,000		2,000
Boeing			14,638		14,638
C3 London						2,365
Charity ofSir Richard Whittington			40,000		40,000
Chapman Charitable Trust			1,000		1,000
DEBUT TA Ltd						1,200
Garfield Weston Foundation			30,000		30,000
Hammersmith United Charities	(HUC)		10,000		10,000
Julia and Hans Rausing Trust						32,543
The 29th May 1961Charitable	Trust		2,000		2,000	2,000
The Albert Hunt Trust			5,000		5,000	5,000
The Arnold Clark Community	Fund		1,000		1,000
The Neighbourly B&Q Foundation				2,400	2,400
The Charlotte Bonham-Carter	Charitable 1		3,000		3,000
The Daisy Trust			4,000		4,000
The Drapers Charitable Fund			15,000		15,000
The Girdlers' Company Charitable		Trust	11,019		11,019
The JEPosnansky Charitable	Trust		1,000		1,000
The Southern Trust						2,000
The Steel Charitable Trust						5,000
Lyne and Longcross PPC			1,000		1,000
Marsh Charitable Trust			650		650
Souter Charitable Trust			3,000		3,000
Zenith Optimedia Ltd						1,588
LBof Hammersmith 8 Fulham	Business
Rate Rebate						10000
Gift Aid			1,640		1,640	1,806
Donations			48,234	470	48,704	36,164
			194,181	2,870	197,051	99,666

INCOME FROII CHARITABLE ACTIVITIES	INCOME FROII CHARITABLE ACTIVITIES
			Unrestricted	Restricted	2022	2021
			F	F	f	E
Grants and contracts:
Access Foundation Grant (Social Investment
Business Ltd)				10,000	10,000	5,000
ACTS 435				795	795
Anton Jurgens Charitable Trust				5,000	5,000
Fund						19,876
Dominvs Group				10,000	10,000
Dr Edwards Bishop Kings Earls Court Community Fund Groundwork UK				5,278 11,000	5,278 11,000	500
Hammersmith United Charities				400	400	9,078
HMRC - Kick Start Grants				10,449	10,449
Homeless Link				25,000	25,000	34,100
Leathersellers Company Charitable Mrs Smith & Mount Trust	Fund			20,000 5,000	20,000 5,000	20,000
The Daisy Trust The Eaton Fund				3,000 500	3,000 500	500
The Fore - RAFT Transition Fund The Girdlers' Company Charitable The Henry Smith Charity The London Irish Centre	Trust			6,825 18,350 230	6,825 18,350 230	15,000 36,400
The London Community Foundation The Speedomick Foundation The Stop of Christmas The Queen's Club Foundation London Borough of Hammersmith London Borough of Hammersmith Lloyds Bank Foundation Postcode Community Trust St. Martin in the Fields	& Fulham & Fulham	(MH (3S	31,000 45,000	2,268 1,000 766	2,268 1,000 766 31,000 45,000	10,620 41,500 1,312 31,705 45,000 26,550 20,000 600
United in Hammersmith and Fulham Vintners' Company Furlough grant				16,500	16,500	7,791 2,500 3,717
Drop-in cafe income			1,340		1,340
Other sundry income						12
			77,340	152,361	229,701	331,761

ANALYSIS	OF EXPEND	IT	URE
				Raising	Drop-in and
				fundsf	outreachf	2022 F	2021 f
Staff costs				45,541	151,163	196,704	182,911
Temporaiy	project worker				18,001	18,001	11,353
Volunteer costs					618	618	11,724
Premises costs					27,366	27,366	26,803
Professional	fees						5,955
Consumables					6,745	6,745	8,930
Trips and courses					3,316	3,316	3,559
Other direct	costs				15,379	15,379	31,291
Direct cost-	Home(less)	card sales			8,556	8,556	6,722
Profit share	of Home(less)		card sales		4,859	4,859	2,615
Fund raising	expense			2,718		2,718	2,601
Support costs (Note 6)				4,293	138,814	143,107	115,540
Governance	costs (Note	6)		108	3,492	3,600	3,000
				52,660	378,309	430,969	413,004

ctivities at d ach activity.	iffere	nt per	centages, based on	staff time and th	e number of servic	e delivery hour	s attributabl
				General	Governance
				supportf	functionf	2022f	2021 F
Office and administrative			staff	84,374		84,374	59,224
Recruitment	and	training		4,909		4,909	3,977
Premises				6,842		6,842	8,934
Communications		cost		4,324		4,324	7,261
Computer support		and	I.T. maintenance	4,170		4,170	3,435
Professional	expenses			6,041		6,041	6,888
Insurance				3,070		3,070	3,176
Depreciation				25,504		25,504	19,227
Bank charges				984		984	803
Sundry expenses				2,889		2,889	2,615
Independent	Examiners		fee		3,600	3,600	3,000
				143,107	3,600	146,707	118,540

7.	NET INCOME/(EXPENDIT	URE) FOR THE YEAR	URE) FOR THE YEAR	URE) FOR THE YEAR	URE) FOR THE YEAR
	Net movement in funds	Is shown after charging:						2022 f	2021 8
	Independent examination							3,600	3,000
	Depreciation on tangible	fixed	assets					25,504	19,227
8.	ANALYSIS OF STAFF	COSTS, TRUSTEES			REMUNERATION		AND	EXPENSES, AND	COST OF KEY
	MANAGEMENT PERSONNEL
	STAFF COSTS							2022 f	2021 8
	Salaries							252,245	218,306
	National Insurance							19,113	16,296
	Money Purchase Pension Scheme Contribution				costs			9,720	7,532
								281,078	242,135
	The average number of	full- time equivalent		employees		analysed	by function was:
	Direct project work Fundraising Strategy, service management,		finance and	administration				5.8 1.0 1.8	4.5 0.8 1.3
								8.6	6.7

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
Net book value:				2022f	2021f
Freehold Building Fixtures,	property improvements fittings and equipment			216,000 45,094 9,418	220,800 61,250 10,576
				270,512	292,626
Movements In the period:
Cost:		Opening Balancesf	Additionsf	Disposals	Closing Balancesf
Freehold Building Fixtures,	property improvements fittings and equipment	240,000 93,996 39,003	3,390		240,000 93,996 42,393
		372,999	3,390		376,389
Depreciation:		Opening Balancesf	Charge For Period f.	Disposalsf	Closing Balancesf
Freehold Building	property improvements	19,200 32,746	4,800 16,157		24,000 48,903
Fixtures,	fittings and equipment	28,427	4,547		32,974
		80,374	25,504		105,877

DEBTORS
		2022	2021
		f	f
Trade debtors		1,811
Other debtors		1,854	3,806
Prepayments		5,702	3,138
		9,367	6,944
CREDITORS: Amounts	falling due within one year
		2022f	2021 f
Trade creditors		3,424	6,817
Taxation and social security		6,154	5,539
Deferred income (Note	14)	25,079	43,728
Accruals		4,945	5,434
		39,602	61,518

MOVEMENT IN FUNDS
						Balance				Balance
						at 01.04.21	Income	Expenditure	Transfers	at31.03.22
Restricted funds:
Access Foundation Grant(Social			Investment
Business Ltd)						948	10,000	10,746		202
ACTS 435							795	570		225
Anton Jurgens Charitable Dominvs Group	Trust						5,000 10,000	5,000 10,000
Dr Edwards Bishop Kings Earls Court Community Fund							5,278 11,000	5,278 5,167		5,833
Hammersmith United Charities							400	400
HMRC —Kick Start Grants							10,449	10,449
Homeless Link							25,000	25,000
Leathersellers Company Charitable Mrs Smith & Mount Trust The Daisy Trust *				Fund		318	20,000 5,000	20,000 5,000 55		263
The Daisy Trust							3,000	1,145		1,8ss
The Eaton Fund							500	500
The Fore - RAFT Transition		Fund					6,825	6,825
The Grocers' Charity						1,578		1,054		524
The Henry Smith Charity							18,350	18,350
The London Irish Centre							230	230
The London Community	Foundation						2,268	2,268
The Speedomick Foundation							1,000	1,000
The Neighbourly B&Q Foundation							2,400	2,400
The Queen's Club Foundation							766	766
London Borough of Hammersmith & Fulham United in Hammersmith and Fulham *					(IV	220,800	15,000	4,800 14,720		216,000 280
United in Hammersmith	and	Fulham					1,000	1,000
United in Hammersmith	and	Fulham		***			500	500
Donations							470	470
						223,644	155,231	153,693		225,182
Unrestricted funds:
Designated funds
Strategic Contingency Fund						102,430			(102,430)
Major Repairs Contingency		Fund				20,000			488	20,488
Tangible Fixed Assets									54,512	54,512
Warm Centre									82,000	82,000
Garden Project									8,000	8,000
						122,430			42,570	165,000
General funds						106,715	292,719	277,276	~42,570)	79,561
Total unrestricted funds						229,145	292,713	277,276		244,581
Total funds						452,789	447,943	430,969		469,763

Movement In funds	—p	revi	ous y	ear
					Balance				Balance
					at 01.04.20f	Income f	Expenditure f	Transfers f	at 31.03.21 f.
Restricted funds:
City Bridge Trust						19,876	19,876
Co-op Local Community		Fund			5,807		5,807
Daisy Trust					318	500	500		318
Groundwork UK						500	500
Hammersmith United Charities						1,578	1,578
Social investment Business			Ltd			5,000	4,053		947
The Girdlers' Company	Charitable			Trust		5,000	5,000
The Grocers' Charity					4,077		2,499		1,578
The Henry Smith Charity						36,400	36,400
The Story ofChristmas						41,500	41,500
The London Community		Foundation				2,670	2,670
The London Community		Foundation				7,950	7,950
The Queen's Club Foundation						1,312	1,312
Homeless Link						21,600	21,600
LBof Hammersmith and		Fulham			8,076		8,076
LBof Hammersmith and		Fulham			225,600		4,800		220,800
Leathersellers' Company		Chairtable		Fund		20,000	20,000
DCMS through Lloyds	Bank		Foundation			26,550	26,550
Postcode Community	Trust					20,000	20,000
St, Martin in the Fields						600	600
United in Hammersmith		and	Fulham			6,900	6,900
Vintners' Company						2,500	2,500
Furlough Grant						3,717	3,717
					243,878	224,153	244,387		223,644
Unrestricted funds:
Designated funds Strategic Contingency	Fund				102,430				102,430
Major Repairs Contingency			Fund		10,000			10,000	20,000
					112,430			10,000	122,430
General funds					66,578	218753	168,617	~10 QQQ	166,715
Total unrestricted funds					179,009	218,753	168,617		229,145
Total funds					422,887	442,906	413,004		452,789

				2022	2021
				f	f
Balance	as at 1st	April		43,728	45,100
Amount	released	to income	in the year	(43,728)	(45,100)
Amount	deferred	in the year		25,079	43,728
Balance	as at 31st March			25,079	43,728