Charity number: 302963 Coram's Fields & The Harmsworth Memorial Playground Report and Financial Statements For the year ended 31 March 2021
corams fields Contents Trustee's report 3-30 Independent Audltor's report 31-33 Statement of Flnanclal Actlvltles 34 Balance Sheet 35 Statement of Cash Flows 36 Notes lo the Ilnantlal statements 3749
Coram's Fields- Who we are Coram's Fields provides a safe haven for thildren and young people. Located at the end of Lamb's Conduit Street it mainly serves the needs of Kin¢s Cross, Bloomsbury and Holborn. with a child population of over 4.CMXJ drawn from a wide range of income, housing tenure. race and religion. Most local children live in flats with little access to other open space. Coram's Fields, located on the site of the old Foundling Hospital, provides seven acres devoted to the children's needs for relaxation. larking about and letting off steam. Alongside this, we deliver a wealth of services designed to further the educational, emotional and social development of children and young people and to meet the needs of specific groups, including an Under 5's Drop In, Nursery, Out of School Club, Sports and Youth programme. The site hosts two acres of top-quality all-weather sports surfaces, including three football pitche5 and a basketball court. Most of the remaining area is lawn. surrounded by the 18 century colonnades and other survivals of the Foundling Hospital. There is play equipment for a wide range of ages, a paddling pool, sand pit5 for the younger children and a wildlife garden. All this is available free of charge for youn8 people. Coram's Fields, unique feature is that, to provide safety for the children and a sense of security for their parents, no adults are allowed in the park and play8round area, except when accompanying a child - commitment that has remained in place since it5 inception in 1936. Summary 2020121 was undoubtedly one of the most difficult years In Coram's Fields 85 year history. Over a year on from the start of the Coronavirus pandemic, and as we edge towards the lifting of all Social restrirtions, we can reflect on a year that has seen many of the young people we work with, disproportionately affected by the personal. social and economic fallout of the pandemic. Conversely thou8h. it has also been a year in which young people. our local tommunity and our staff have shown enormous resilience. with our staff team in particular demonstrating beyond any doubt their commitment to the those that they support. Financially, the last year has placed the charity under enormous strain. Multiple lockdowns and the closure of our park and services early on in the pandemic meant that our commertial income ended the year down £488.212171%1 on the previous year. A hugely successful fundraising campaign, government support through the Job Retention Scheme and the considerable generosity of a number of Trusts, Foundations and grant giving bodies, provided much needed short term protection, but still saw us end the year with a deficit on unrestricted funds of £145,595, before actuarial losses on our pension scheme. In context. the result wa5 a considerable achievement. The financial year ended as it started. in full national lockdown, but unlike at the start of the year when the closure of our site saw us hand it over to Great Ormond Street hospital. for use as a staff and visitor car park, the majority of our services and park remained open. providing essential support for thousands of children and young people each week.
The first lockdown in March 2020, saw our seNices adapt almost overnight, with all face to face contatt exchanged for a new way of digital working. The task of supporting young people without the irreplaceable benefits of face to face relationships presented an enormous challenge but the response from staff and young people alike was beyond all our expectations. Following the end of the first lockdown in June 2020, our Nursery was the first service to reopen, closelv followed by our park and playground. when it opened its doors to deliver the'Gardens for All, initiative, a Camden supported project for families with no access to open space and those with disabled children. Following the further lifting of restrictions. all other services began to open in some form and the summer provided the first signs of a return to normality. In August, we delivered our first holiday scheme and sports camp for young people since February 2020 as well 35 a continued programme of local outreach that Saw our youth and sports teams take their services to local estate5 and community hang outs, to deliver roaming music production and sport sessions. However, the summer optimism quickly turned on its head. as local restrictions turned in to a second and then a third full national lockdown in the late autumn. and Services once again had to resort to mo online 5UPPOrt. Thankfully for our young people, restrirtions were le55 limitin8. One-to-one sport sessions continued for local families identified as being most in need. small group work for high risk young people also remained and our Nursery remained open for key workers and those with the most pre55ing childcare need5. Arguably m05t important though, was that our park and playground stayed open, giving families the opportunity to get vital access to open space during the dark, winter month5. On the 8 March 2021, the first stage of the governments roadmap out of lockdown began and the reopening of schools, led to the re-start of our Out of School Club. Further lifting of restrirtions in April and then May Saw the gradual return of face to face group work and a5 we head into july, we are looking forward to a busy summer programme. with the majority of restrictions having now been lifted. Our financial position throughout has remained the cause of much concem and from early in the pandemic, we faced the major challenge of meeting the cost of opening our park. play8round and services, without being able to generate our normal levels of earned income. That challenge will remain for some time, as we face further delays to reopening our halls for hire, reduced numbers in our fee paying services, the potential loss of major events income and the removal of the government furlough scheme. Significant support from some of our current funders has provided invaluable investment early in 2021122 but the prospect of two successive years running a significant deficit, is highly likely, with early projections suggesting a worst case deficit of up to £3W.(KQ. Despite the impact of the pandemic, thanks to funding and pro bono support, we have been able to deliver some major improvement works across the site, with a number of work5 also plarbned over the course of the next nine months. These include the now complete refurbishment of our Band Hall and roofing works, thanks to Sykes and Son and Historic England respectively, and the planned refurbishment of our paddling pool and one of our best used community spaces. our Guide Hall. In Spring 2021, we also began work with the Bee Friendly Trust to deliver a greening projert that with the support of volunteers, has seen us transform a number of previously underused spaces across the site.
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Alongside the above, in June 2021, aftertwo years in development, we began work to build a brand new electrical sub-station on site. The project when completed in the late summer will transfom) the way that we deliver all our events at Coram's Fields, allowing us to become a diesel free site whilst also proterting the invaluable income that these events bring. Basis of preparation Coram'5 Fields 15 an unincorporated charitable trust with a Corporate Trustee, Coram'5 Fields Company Trustee Limited. The Directors of the Corporate Trustee are responsible for the Charivs governance. The Corporate Trustee presents its annual report and the financial statements of the Charity for the year ended 31 March 2021. The financial statements have been prepared in accordance with the accounting policies set out in note I to the accounts and comply with the Charity's Trust Deed, the Charities Act 2016 and Accounting and Reporting by Charities- Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published October 2019. Objectives and activities Hlstory The Charity occupies the site of the former Foundling Hospital which Captain Thomas Coram established in 1739 to provide a home for destitute and abandoned children. The main ho5Pltal building was dernoli5hed in 1926 leaving only the Georgian colonnaded buildings and lodges which had enclosed the hospital forecourt and lawns. A public campaign was launched by local people and well-wishers to save the Foundling site from proposed commercial development and turn it into a children's playground. When sufficient funds were raised and the land finally acquired, the Foundling Site was renamed Coram's Fields and the Harmsworth Memorial Playground and was officially opened in July 1936. Coram's Fields has remained a centre for children and young people's activities of all kinds ever since. The playground is located in the Kin¢s Cross ward of the London Borough of Camden. Objects of the Charlty The Trust Deed stipulates that the land shall be preserved, developed and maintained in perpetuity as an open space for the welfare of children and youn8 people. Purpose To have a positive impact on the lives of children and young people in Holborn, Kinls Cross. Bloomsbury and neighbouring areas. We do this by providing a safe haven for play and a stimulating range of programmes that support the cognitive, physical. social and emotional development of children of all ages.
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Vision We will be the go-to place for local families, children and young people. widely known for the outstanding quality of our facilities and services. the diversity of our programmes and our responsiveness to the needs of our community. Our Values The CharlS work is underpinned by a set of core values that ensure its integrity in pursuit of its core mission, whilst also providing a clear framework for the development of the organisations, work in the short, medium and long term. Safety: Our paramount concern is for the safety of children and young people and of our users. Incluslon: We strive to ensure that Coram's Fields. and the services that it offers. are equally accessible to all the children and young people of our community. Partnershlp: We constantty seek to gain greater understanding of the strengths and the potential of individual users and their communities, and to work with them in tontinually improving the servios that we offer. Sustalnablllty: We aim to deliver consistently good value for money and to use our resources in ways that benefit existing users without compromising the well-being of future generation5. Accounlablllty.. We are committed to measuring the impact of our work and activelv encourage u5er5 and the local community to hold u5 to account for our stewardship of Coram's Fields. How we achieve our aims A haven for play Safe and enjoyable play is at the heart of what we do and Coram's Fields is seen as a flagship charity by individuals and organisations promoting safe, open-access play spaces for children. The playground has full.time staff who manage the grounds and provide supervision of users across the site. A rule that prohibits adults entering unless accompanied by a child provides much welcomed reassurance for parents and this combined with the sense of ownership that so many feel for the park, inevitably creates a feeling of responsibility and 5elf-policing by our users. All staff and volunteers are subject to an enhanced DBS check. The Chief Executive, Operations Manager and the Head of Early Years are the named staff member5 With responsibility for implementing Coram's Fields Safeguarding policies and procedures. Michael Horowitz (Treasurer and Director) holds interim
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Board responsibility for safeguarding matters. Our safeguarding policies and procedures are reviewed on an annual basis to ensure that they are kept up to date with current legislation and best practice. Play equipment complies with the relevant European Safety standards and 15 inspected annually by an approved safety inspection company. Our 49 London plane trees are also subject to a minimum annual inspection with work being carried out throughout the year by approved surgeons. Coram's Fields, health and safety procedures are subject to inspection by outside agenties including the Department for Environment, Food and Rural Affairs IDEFRAI and OFSTED. Stlmulating and accessible programmes Our seven acres of open space provide open acce55 play opportunities. I0 acres of sports grounds. a wildlife garden and a range of Grade 11 listed single storey buildings from which we deliver a wealth of support services, events and activities. Coram's Fields offers an accessible and stimulating environment for children and families with a variety of needs, including the specific provision of sensory play equipment, a fully accessible three storey youth centre and accessible toilet facilities across the site. In 2020121, our services were heavily disrupted by the COVID pandemlc, with all runnln8 at reduced capacity for all or part of the year. The list below comprises all our normal services. Details of what each service delivered during the year can be found later in the report. Park, Playground and Sports Facllltles - providing free play and recreational facilities for voung people up to the age of 19 years. Under Ss Drop In (closed from March 2020-presentl - providin8 essential support for parents/carers of children below five years of age through a range of open access activities and specialist 5LlPPOrt programmes. Nursery- providin8 high quality. full-time childcare for 2-5 year olds. Out of Sthool Club- providing hi8h quality, after school and holiday childcare for 4-12 year olds. Sports Programme- delivering a comprehensNe programme of free sports for young people aged 4-19 years throughout the term time and holiday periods. Youth Programrne- delivering a range of services for young people aged 9-19 years. including centre and outreach based artivities.
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Volunteers 36 volunteers engaged 495 volunteer hour5 delivered During the year and as a result of the pandemic, Coram's Fields was not able to host its normal programme of corporate volunteer days. However, in June 2020, we were grateful for the incredible support of a group of six young people. who gave up their time to take on a range of tasks across the park, as we began the job of tidying the site after three months of closure and ahead of welcoming the public back in once again. On re-openin& the young people provided a warm and welcoming presence for parents and children as well as much needed reassurance regarding the various measures that we had put in place to keep the public safe. Volunteering was one of the only activities permitted durlng the pandemic and later in the summer 2020, the same group of young volunteers joined forces with others to begin a new gardening project in conjunction with the Bee Friendly Trust. converting part of our Lansdowne Terrate spate into a dedicated area for young people from our Youth Centre. In the late autumn. funding from Groundwork UK for a larger scale 8reenin8 project saw us build on the work during the summer, leading to the re-development of a number of spaces across the park and playground. Over the course of the Spring and early summer, we were thrilled to recruit a further 25 volunteers, leading to the development of a weekly gardening club, which we hope will result in local community members taking full ownership of our new 8rowin8 spaces. as well as being able to contribute to the wider upkeep of the park. Supporting children's and young people's development Fundamentally. our success depends on our ability to provide excellent facilities and deliver outstandin8 services that support the cognitive, physical, social and emotional development of those that we work with, whilst promoting the values and benefits of family life. Whilst opportunities to do this vary acr055 our services. the ft)Ilowing key principles and practices. ensure that we are well placed to deliver appropriate and timely support to young people.. Hlghly qualffied, skllled and experfenced stsff - A commttment to attracting the best professionals ensures exceptional outcomes for the families that we work with. Robust recruitment, training and development means that we are able to attratt and retain a staff team capable of delivering high quality support to local families.
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Relationships- A commitment to building strong and trusting relationships with our users is essential if we are to support them effectively. Coram's Fields strives to create an environment where our users feel able seek out support with the confidence that their need5 will be met. Needs analysls Thorough analysis ensures that our programmes are developed with a clear understanding of need, and the outcomes that they aim to achieve. We respond quickly and positively to any changes and regularly review our services to ensure that they remain relevant. Curriculum led ~ Whilst principally relating to the work of our Nursery. Under 55 Drop In and Out of School Club, the frameworks provided through a range of curriculum led models ensure that our work is delivered in line with national standards and best practice from across the sector. Utlllslng our resource5 - Unique to Coram's Fields is the wealth of opportunities that the park and its outside space offers. We are committed to making the fullest use of our unique site and facilities for the benefit of children and youn8 people who visit and take part in activities on our site tO8ether with thelr families. Publlc benefit The Directors of the Corporate Trustee confirm that it has referred to the Charity Commission'$ 8uidance on public benefit when reviewing the Trust's aims and objectives and in planning future activities. The Directors of the Corporate Trustee ensure that the charitable purpose and aims of the Charity, as detailed in the preceding paragraphs, are carried out for the public benefit by delivering service5 to any and all children and youn8 people who visit Coram's Fields. The structure of the Trustee's Annual Report allows the Charity to report each year on the servlces delivered through it5 Six main programrnes of artivity; Park and Open Space, Under 55 Drop In, Nursery, Out of School Club. Sports Programme and Youth Programme. Criterfa for measurlng success Critical to our succe55 is our ability to measure the impact of our work and to reflert on this in order to effectively plan for the future. The key mechanisms for understanding the progress that we make each year can be found below.. Qualltatlve and Quantltatlve Reportlng: Robust quality assurance mechanisms have remained key to understanding our success in the last twelve months. The pandemic has changed the way that we have worked with our beneficiaries and an intrease in digital engagement has reduced our ability to generate the same level of insight into the impact of our work. We have however continued to work closely with our beneficiaries to shape the services that we deliver for them, regularly consulting and seeking feedback to inform current and future plans. This was evident during the height of the pandemic, when developing our online offer for the first time. We have
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 continued to utilise our online monitoring system VIEWS to capture our engagement of young people, including attendance at live online sessions and the use of the system for one to one case work. We also continue to evaluate the use of digital engagement and the potential benefits that this brings in being able to make our programmes more accessible. This is particularly the case in our Youth Programme, where digital engagement enables our services to reach young people outside of normal opening hours. External Audlts and Assessments.. As an organisation, our work is subject to a number of audits and assessments that not only ensure legal compliance but also promote best practice across all areas. Examples of such assessments over the last year include.. our annual play inspection, six monthly tree conditions inspection, five yearly fixed wire testin& fire equipment. alam system, and lift inspections. Governance: The last few years have seen a focus on succession planning. Following the appointment of a number of new Trustees in 2019120. our interim Chair. Deirdre Carty left the Board in November, followlng the appointment of our new Chair, Crai8 Mcwilliarn. The changes over recent years have strengthened the skills and experience on our 8oard in key areas including: finance, building and property, governance and the voluntary and community sertor. This year, the Board has had to meet significantly more than normal to provide support to the executive team in managing the charity's response to the pandemic. This has included regular meetings of the Finance sub-committee, who have continued to provide financial oversight and 5UPPQrt during this most challenging financial period. The Board is aware of and complies with both the revised Charity Governance Code and Charity Commission guidance on Trustee responsibilities, CC3, and is committed to ensurin8 good practice and effective governance acr055 all areas. Achievements and Performance Park and Playground The extensive play space 15 at the heart of Coram'5 Fields with gra55ed play area5, QPPQrtunitie5 for sand and water play and a wide range of fixed play equipment to meet the needs of children of all ages and physical abilities. Alongside this, our wildlife garden and growing spaces provide opportunities for children and youn8 people to explore and learn. Our three eight-a-side football pitches and basketball court provide children and young people with access to some of the best sports facilities in London, both through our free daily structured sports programme and the provision of free access to all facilities foryoun8 people throughout the day, to just turn up and play. io
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Often families describe Coram's Fields as being the back garden that they do not have and in 2020121, the importance of our site to local families was more apparent than ever. Since reoperbing to the public in June 2020, our park, playground and sports facilities remained open throughout the various lockdowns, providing lamilies, many of whom live in overcrowded accommodation, with essential respite from their home environment and from the pressures of home schooling and childcare. Whilst the financial impact of the pandemic led to the delay of a number of planned improvements, we were delighted to be able to work with our corporate partner Sykes and Son to refurbish our Band Hall during the summer 20201 just in time for the reopening of our summer holiday scheme and much to the delight of the young people and staff in our Out of khool Club. Towards the end of 2020, we were also thrilled to secure funding from Historic England to deliver essential roofing works across the site, many of which had suffered further dama8e as a result of a lack of maintenance durin8 the three month park c105ure. As we moved towards the end of the year. more good news came our way, when we received confirmation of a grant of £75.0(KJ from Camden Givin8's HS2 fund, to deliver a programme of refurbishment to our Guide Hall. The work will go out to tender in summer 2021, with the project expected to be completed by the end of the year. This will mean that in the space of 18 months, our two most heavily used community spaces will have been refurbished, resulting in considerable physical improvements, and brin8in8 benefits to a host of community organisations that use the spaces, intluding the local kouts. Brownies and Guide groups. In June 2021, thanks to the incredible support of several key stakeholders, we began work on demolishing an existing outbuilding and converting it into a new electrical sub-station. The project has been supported by several or8ani5ations. ran8in8 from the local authority to architect5 and structural engineer5. Wlth many providing financial investment or pro bono support. The projert is a major part of our commitment to becoming a diesel free site. When complete. it will mean that we can deliver all our community and corporate events, including our annual fireworks display, the Camden Mela and Play Day, without the need for diesel generators. Under 5s Drop In service Our Under 55 Drop in remained closed throughout 2020121 as a result of the pandemic and the service faced an uncertain future, due to its funding coming to an end in 2019120 and with little prospect of us being able to open our doors due to ongoing government restrictions. li
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Despite the closure. we were delighted to secure 12 months of new funding from the Paul Hamlyn Foundation in January 2021, protecting the seThice and the invaluable support that it provides for parents and children. Further restrictions as a result of the winter lockdown have meant the service remains closed as we head into the summer months. However. with the full lifting of restrictions now expected in July 2021, we are looking forward to reopening the service from September and have begun consultation with parents/carers to understand what they would like the seThice to look like in the future. Nursery 46 chlldren attended 13 chlldren of key workers SUPPOrted 6 chlldren wlth SEN supported 8 chlldren wlth En81Ssh as a setond lan8ua8È SUPPOrted Coram's Fields Nursery is registered with OFSTED to provide childcare places for children aged 2-5 years between 8am and 6pm, for 48 weeks a year. The Nursery operates within the Early Years Foundation Stage Curriculuffl IEYFSI to measure the impact of services on children's learning. Our Nursery is currently graded 'Good' by Otsted. As with all services, our Nursery was forced to close in late March 2020 and that remained the case until 15, June, when alon8side a handful of xhool year groups. Nurseries were allowed to reopen. working in the now very familiar'bubble, set up. Between April-june 2020, we supported chlldren and parents with a range of group and one.to-one support, offering much needed respite whilst many juggled the rigours of home working with full time childcare. Our usual tirtle time and sing along sessions tontinued. this time through the zoom lens. The creation of a new parents Facebook group early in the pandemic, drew overnight support. providing the platfom for a hugelv popular live Easter Egg hunt and a way for parents to engage with staff and their child'5 key workers each day. When our staff returned on 15, June. for children of key workers and those with the most pressing support needs. they were the first to be back on site. Despite the understandable anxiety of returning whilst most of the country remained in lockdown, they quickly got on with adjusting to the new bubble system and implementing a host of new measures to ensure that children and staff alike. remained safe. The summer 2020 provided some short-term respite for many, and as restrictions were lifted further, in August bubble5 were removed. and the children were delighted be back together again in our main 12
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Nursery building. A decision to remain open during the normal two-week summer closure provided much needed support for parents, and as we moved into September. a drive to recruit new children, saw numbers very slowly increase, but still remaining some way off nomial levels. The extension of the government furlough scheme through the autumnlwinter provided some welcomed flexibility as we looked to balance a considerable loss of income, with staff costs and staff welfare. It was not until April 2021, that our numbers really began to grow again, resulting in a handful of staff returning for the first time in over a year. The summer period will, as is always the case, see over half our children leave as they head off to start school. meaning that our immediate thallenge is retruiting a crop of new children ahead of the new term. However, a steady uptake of new places in recent months has provided some reason for optimism and we look forward to continuing the recovery of the service over the months ahead. Hlghllghts slnce April 2020 include.. Staff team: A major highlight of the year was undoubtedly the commitment and desire shown by our Nursery team. Despite facing their own anxieties, lost income as a result of being placed on furlough and the regular changes in guidance, the team were unfaltering in their desire to come into work and create a warm and welcoming space for our children. Speech and lan8ua8e: With so many children spending lon8 periods at home over the last year, the impact on speech, language and emotional development presented a much greater challenge for our staff. We were delighted to be able to team up with the Camden Early Years team to provide extra support by building on existing staff skills to deliver one-to-one intervention for those that required it. Out of School Club 63 young people attended hollday scheme 34 young people attended after school programme 23 free referral places provided 11 subsldlsed places provlded 6 young people with SENladditional needs supported Our Out of Schiiol Club IOSCI provides high quality after school and holiday childcare for 4-12-year olds. The service is commissioned by Camden Council and as part of our commission, we provide a number of free places for referred children. including those on Children in Need and Child Protection plans. The service also offers several subsidised places for low-income families. It was a stop-start year for our Out of School Club as various coronavirus restrictions led to the forced closure of the seNice between March-july 2020 and again from January-march 2021. Our setvice has always provided much more than a conventional childcare offer and with so many of our children being 13
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 considered high risk, we were acute aware of the potential impact that lockdowns would have on their personal, social and emotional well-being. As a result. throughout the various closures, we continued to reach out to parents to provide additional support. Over 30 play packs were delivered to vulnerable families during the first closure in conjunction with local partner PACE. One-to-one zoom sessions, regular phone check ins and the delivery of an online mindfulness programme enabled us to maintain relationships with our young people and provide emotional and practical support to parents. In June 2020. we were also able to provide access to open space to our most vulnerable families through the 'Gardens for all. project, working with Camden and local partners to provide bookable access to our park for those living in overcrowded accommodation and with children with disabilities. In August. we were thrilled to be ble to open our serlice agaln after four months of closure, delivering a four week play scheme for 45 children, a¢ross three separate bubble5. With restrirtions meanin8 young people were not able to mix in the park and playgrounds, the creation of a dedicated outdoor play area provided an essential outdoor activity space for the groups. Each year, the OSC comes together with local organisations to celebrate National Play Day, in celebration of a child's right to play. The premise of the day this year had never felt more pertinent. with so many of our young people's freedoms being removed as a result of the pandemic. Whilst large scale celebrations were off the cards, our young people did not stop this expressing themselves and on the first Wednesday of August, young people from across our OSC, Nursery and users of our park came together lin a socially distan¢ed way) to make one all mighty noise in recognition of the day. September 2021 saw the return of all children to school and the OSC was delighted to return to delivering its after school service to our four IcKal feeder 5choo15. Bubbles and various safety measures remained in place. with numbers heavily reduced, and the seryice was reliant on help from staff across the organisation to support with school runs. as we sought to balance the financial impact of reduced income with near normal staffing levels. As we moved towards the end of the year, concerns began to rise as the country started to enter its second wave of COVID cases. Whilst we were able to deliver a small Ottober holiday scheme. it was to be our last for some time when in January 2021, the news came of a new national lockdown. Schools tlosed once again, and we were forced to follow suit. As families struggled with the impact of yet another lockdown and more home schooling, we continued to look at different ways to provide support. Our normal regular check ins with parents continued and this time we were delighted to team up with local charity KCBNA to deliver freshly cooked food parcels to our most vulnerable families. 14
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Since the return of schools on 8, March 2021, our OSC has remained open and following a short delay in the lifting of restrictions, we were thrilled to be able to remove the bubble limitations in May 2021. much to the delight of our young people. With the majority of restrictions lifted. we could begin the process of re-building our numbers. Our May holiday scheme proved hugely popular and we were pleased to partner up with local play providers and the Young Camden Foundation to deliver their Holiday Activity Fund. providing physical activities and food for young people eligible for Free School Meals attending the service. As we moved into the busy summer period, we were delighted to see demand for the seThite gradually increase and are looking forward to a summer free of COVID restrictions and one where our young people can once again enjoy the benefits of the open space that Coram's Fields provides. Case study Jomaal. oged 9. joined usfor thefir5t time during our OrtolRr Play Scheme having IxDen referredfrom the short breaks teom. a progromme set up to provide respitefor children with o ronge of physicol and leorning disobilities. Jomool hos o diognosisforAutism, Cerebml Polsy ond Epilepsy ond os o result, requires one to one sUPPOrt. Desplte the challengesfaced. the provision of extro sUPPOrt ensured that Jamaal did not let hi5 conditions hold him bock and we were delighted to see him get stuck in to oll the ortivities on offer. He enjoyed his time so much thot on his second day. he told our Manager Kote that he 'needed to negotiote his contrott, so he couldstoy longerl, Sports Programme 212 young people enzaied 184 sesslons dellvered durln8 the pandemlc 64 young wornen Involved In prograrnme 12 dlsabled young people supported New funding in February 2020 and the renewal of our Oak Foundation grant in August 2020 provided some lonB term security for our sports programme. However, discussions around how to build on our successes of the previous year quickly ground to a halt in March 2021. with the announcement of the first Coronavirus national lockdown, shifting our focus to how we could adapt our programrne to bring our sporting offer into youn8 people's home5. The decision to furlough a proportion of the team in April allowed us to protect our funding, ensuring that when restrictions were lifted later in the year. we were able to hit the ground running. In the meantime, our Head and Youth and Sport and Sports Development Officer began developing a new weekly online programme for our young people. Online fitness and nutrition sessions replaced the usual site based offer and skills based Tick Tock challenges provided a welcome distraction from the mundanity of lockdown. Weekly calls to some of our most at risk young people also allowed us to 15
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 maintain contact and prowde support to parents and young people. as many of them navigated the challenges of home schooling and full time working. Recognising early on the limitations of delivering a comprehensive online sporting provision and following consultation with parents, the team began to diversify its offer. In April 2020, we began delivering one to one homework support for those who we knew to be struggling with virtual schooling. The sessions provided complementary support alongside schools, many of whom had not yet got their online offers fully up and running. Overthe course of the first lockdown. the team worked with 11 young people, delivering an average of 6hrs of support, per young person. per week. When restrictions started to be lifted in June 2020. the Sports team joined fortes with the Youth Programme to deliver ovtreach across local estates and community hang outs. Funds saved on delivery costs were re-directed to purchase two new bikes and a trailer. the latter kitted out with sports equlpment, allowing the team to deliver a host of one to one and family mobile group sessions. Alongside this, we were pleased to be able to return to sorne site based delivery and whilst restrictions remained stringent, the development of a booking system for families, provided a much welcomed opportunity to re-engage with some of our higher risk young people. many of whom were only leaving the house to attend our sports sessions. It was not until September and the reopening of 5chool5, that we were able to return to delivering our after school sports programme. Whilst restrictions remained in place, our ability to deliver small group se55ions, brought immediate benefits to those attending. More regular sessions than normal allowed us to maintain high levels of en8agement, whilst higher staff ratios also presented the opportunity for us to work more closely with those accessing the service, enabling us to re-build relationships and provide additional support to those that needed it. We were also thrilled to re-start our work in local primary school Ar8yle, reinstatin8 our weekly targeted intervention work with young gir15 and youn8 people at risk of social exclusion. The return was however short lived, and as the end of the year approached, a mini lockdown in November turned into a full national lockdown in January 2021. and we were once again having to change our delivery plans. Recognition of the importance of outdoor sport for young people had been growing during the pandemic. Whilst our after school group sessions were forced to close, one to one sessions were permitted, and a fully booked programme allowed us to provide some essential continuity for our youn8 people, alongside a return to regular phone check ins and zoom fitness sessions. The tontinued delivery of our community outreath programme during the winter period also provided a strong presence locally and enabled us to bring our sporting offer to those that were not able to get on site. The news in March detailing a roadmap out of lockdown finally brought some positive news and meant that we could start planning for a return to the full reopening of the service. In April 2021. we were 16
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 delighted to deliver ourfirst holiday scheme since the previous Ortober. with 20young people attending a jam packed activity programme over the two weeks of the Easter holidays. Shortly after, the long awaited return of our Youth Football League in partnership with Pro Touch Soccer Academy, signalled a key milestone in our recovery. Four months on from their last competitive fixture. it was fantastic to see hundreds of young people descend on Coram's Fields during the first week back. and with much ground to make up, there was no lack of enthusiasm on show. With the summer fast approachin8 and a gentle optimism that social restrictions will come to an end in July, the service is looking forward to a busy summer. reostablishing the sporting habits of young people and the many physical and mental benefits that this brings. Other highlights from the year With the pandemic adding a further barrier to young women's access to Sport, we were delighted to see strong engagement during the year. 64 young women took part in our sports programme, through our girls only football programme, girls group sessions in conjunction wlth our Youth Programme and targeted weekly sessions in local primary school, Argyle. Youth Programme 157 younz people worked 68 young wornen engaged 52 young people recelved tralnlng and accredltatlons 26 young people supported Into employment Over the last few years. our Youth Centre has continued grow its reputation as one of the leading providers in the local area and as our ser¥ice has evolved. the needs of the young people that we work wlth have become Increasingly more Complex. As a result, the impatt of the pandemit was always going to be greater on the large numbers of young people that we support, and for whom our Service and staff are the most conslstent and trusted presence. in what are often chaotic lives. When the first lockdown was announced in March 2020, we faced the difficult challenge of how we would provide continuity and support to young people that had relied so much on face to face contact. The response of our team could not have been better. Within a week of closing our youth centre, we had developed a new weekly digital programme. Phone/zoom calls enabled us to continue one to one case work with some of our most vulnerable young people. including those sUPPOrted through Project IOIIO, a multi stakeholder partnership supporting young people affected by violent crime. Our girl's group also moved online, delivering a host of activities intluding cooking and creative arts. Weekly online challenges and quizzes became a regular and popular feature. providing young people with some much needed respite, and partnerships with local organisations Brook and Pan Arts. saw us deliver weekly sexual health and drama sessions. respertively. 17
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Early in the pandemic, we also managed to team up with the Raspberry Foundation and Queens Crescent Community Association to provide young people with access to IT equipment, ensuring that they had the tools needed for online learning and to access our programme's online support. In total. 15 PC5, 2 laptops and 4 Wi-fi dongles were provided to young people. As restrictions eased in the Sprin& we were able to resume some face to face work. With centre based delivery still not permitted, community outreach provided the perfert opportunity for us to meet up with young people on a one to one basis. Thanks to the Youth Music Trust. we were able to kit ourteams out with bikes and a trailer full of music retording equipment, enabling our 5tatt to deliver music sessions to young people wherever and whenever they found them. In early Sprin& we were also delighted to team up with the Bee Friendly Trust to deliver a mini greenin8 project, beginning the transformation of part of our Lansdowne Terrace space into an area dedicated to young people. In September 2020, we were pleased to see some face to face group work in the Youth Centre resume, initially working with our hi8hest risk young people, delivering a weekly girl's group and drama session, alongside one to one musbc production and employment support. The return to centre based work though was to be short lived, when in January a third lockdown was announced. This time, restrictions were less onerous, allowing US to continue the delivery of our outreach programme with small groups and one-to-one work Following the lifting of restrictions in March 2021. centre based group work once again resumed on site. An Easter holiday programme at the beginnin8 of April, saw 12 young people 80 on their first off site trip since March 2020, when they took on the challenge of the High and Low rope5 course at Battersea Park, much to the delight of all involved. With group size restrictions lifting in May 2021. we began reopening our weekly group sessions once again. It did not take long for young people to flock back through the door and by lune, attendances were back up to pre COVID levels at around 30-35 per night. As we look ahead. we are looking forward to a full return to the delivery of both our centre based and outreach work. However, the protracted nature of the pandemic has seen many of our young people struggle and many others slip backwards. Considerable work will need to be done over the months ahead, to ensure that our young people have the best opportunity possible to bounce back from social, economic and emotional impart of the last twelve months. Other Key highlights: We were thrilled to see our young people and staff externally recognised for their contributions during the year. Our Youth Programme Manager, Dan, and young person Sheldon, featured as two of the 12 Heroes of Camden, for their roles in supporting young people during the pandemic and personal progress respertively. whilst our Senior Youth 18
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Worker, Evans. was awarded the Youth Worker of the Year award at the Camden Youth Awards. We were delighted to support fwe young people through Camden's Youth Pathways Programme. The scheme supports young people involved in or at risk of crime into paid employment. Over the last year, three of our young people have successfully begun paid six months placements in the construction sector, with a further two young people taking on roles in administration and at Camden Market. Financial Review of the year The Coronavirus pandemic has had an unprecedented impact on the Charivs finances and in turn, its ability to generate the funds required to run its core services. The Directors and Executive5 focus Since March 2020 has been on the acquisition of emergency fundin& the development of a public fundraising campaign, securing government support through business grants and the Coronavirus Job Retention Scheme and identifying efficiency savings, to offset the short-term financial challenges to the charity. Ordinarily, funding for Coram's Fields free community programmes comes from a number Trusts. Foundations and 8rant giving bodies. all of which provide restricted support for specific services. In a normal year, our Nursery and Out of School Club are both self-fundin8, through a combination of fees and commi5sion5. The remaining unrestrirted fund5 required to cover the c05t of running our park, plavBround and facilities need to be raised through a combination of fundraising initiatives and commercial revenue. When our budget was set out in early March 2020. it presented another challen8in8 year for the charity and would see us start 2020121 with a projected deficit of £206.976, comprising unrestricted funds of £74.799 and restricted funds of £132.177, the latter largely due to several fundin8 Streams lor our Youth, Sports Programme and Under 55 Drop.In coming to an end in the year. Just two weeks after setting our budget, followin8 the announcement of a Coronavirus national lockdown on 23, March, our projections were turned on their head and we quickly moved to develop revised budgets set against several scenarios for the reopening of our park and setvices. With such uncertainty surrounding the length of the first lockdown. it was always going to be difficult to predict the financial impact however, projections ran8in8 from deficits of £265,(KM) to £329,(MXI left us in no doubt as to the challenge that lay ahead. Whilst funding gaps for our Youth, Sports and Under 5s services remained a concern. the closure of all service5 and the announcement of the Government Job Retention Scheme. meant reduced service costs and the deferral of some restrirted income to later in the year. partly reducing our financial exposure. Our principal focu5 was therefore going to be on filling the considerable unrestricted deficit, as we sought to protect the financial future of the charty- In April 2020. the launch of an emergency public appeal evidenced the importance of Coram's Fields to the local community. Over 1,200 individuals and local businesses donated or took on challenges to support us, eventually more than doubling our original fundraising target and raising £118,0(M). 19
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Despite the enormous pressures facing Trusts, Foundations and grant-giving bodies, we were thrilled to secure considerable emergency funding from existing supporters, as well as some new funders. The Garfield Weston Foundation, St Andrew Holborn. Oak Foundation, Comic Relief and The National Lottery Community Fund were our larger donors, between them contributing £285.OC(J irb unrestricted support within the first six months of the pandemic. Additional funding from local supporter Camden Giving and Camden Council provided support at a crucial time as more lockdowns and restrictions continued to impact our ability to generate income through our site and our fee paying services. Considerable reductions of income from commercial activity, a revenue stream that would usually make up circa 40% of the charitS total income have had the greatest impart. Whilst football pitches, our largest income 8enerator. reopened in Au8USt 2020. further closures in November 2020, and a longer closure from January-march 2021. placed further strain on the charity. As we moved towards the end of the year and a third lockdown. concerns regarding the speed of our recovery grew and the prospect of the majority of our commercial revenue streams not returnin8 untll at least Spring 2021, meant that more external support would be needed. Following discussions with the Oak Foundation and Camden Givin& we were pleased to be able to negotiate the reallocation of some of our existing grants towards core costs. Soon after in April 2021, we received confirmation of further emergency support frorn the Oak Foundation. this time providin8 an additional grant of £150,CW, bringing their total support during the pandemic to £225.OQKJ. June 2021 also brought some much needed longer term support for the charity as we received confirmation of a new three-year unrestricted 8rant1£90.CO)I from John Lyon's Foundation. In addition to our emergency fundraising efforts, by the end of 2020121. we had received a total of £246,CHJO from the Government'5 Coronaviru5 Job Retention Scheme ICRJSI. With the impact of the pandemic arguably hitting young people more than most, our youth and sport programmes were always going to have a vital role to play as we emerged out of the various lockdowns. Ovr successful application in November 2019 to Camden Givin5 H52 Fund had provided much needed multi-year support for our sports programme, as we headed towards the end of our current three-year grant with the Oak Foundation. In August 2020. we were however even more thrilled to secure a further three years of fundin8 from the Oak Foundation for the programme, providing the funding needed to deliver on the service's ambitions for the coming years. From a Youth Programme perspective. the renewal of our Universal Youth Work grant in April 2020 provided a strong Start to the year. Soon after. we were delighted to secure three months of funding from the Youth Music Trust to deliver a music outreach projert on local estates following the first lockdown. The project provided the perfect opportunity to engage with young people whilst our centre remained closed and enabled us to protect our existing grant from the Youth Music Trust, extending the programmes support for three months from when centre-based delivery resvmed later in the year. We were also delighted to reteive continued support from Camden Givin<s Future Changemakers Panel. providing a £IO,OLKI investment towards our Youth Programme and ensuring that we had managed to all but closed the funding gap that we started the year with. 20
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Towards the end of the year. we received news from the Balcombe Trust of their continued support of our employability programme with a grant of £4,3W, followed by the renewal of their annual grant towards the same programme in December 2020 of £20.OLM). As we approached the new 2021122 financial year facing the prospect of the culmination of several high value funding agreements, it was imperative that funding was secured to avoid the risk of having to reduce our Youth Programme offer at a time when young people needed it more than ever. It was therefore pleasing to be able to confirm a host of new funding, alongside deferred income from 2020121. This included support from the Tom Ap Rhys Pryce Memorial Trust of £11,300 towards youth worker salaries. multi-year funding of £28,lJ)O from new funder the William Wates Memorial Trust, £20,OfyJ from the Foyle Foundation for a range of arts projerts and further 5UPPQrt from Camderb Giving's Future Changemakers Panel of £IO.(XM). Our Under 55 Drop In service started 2020121 unfunded, following the end of our previou5 8rant from the St Andrew Group of Charities in 2019120. With the Servi not opening throughout the year, it was always going to be difficult to secure support without being able to demonstrate the full impact of our work. With the future of the service lookin8 uncertain, we were incredibly grateful to local funder, Paul Hamlyn Foundation, who in January 2021, pledged a full year of support from when the service was able to open again, anticipated to be September 2021. The pandemic had seen all our capital investment plans placed on hold and with most funders prioritising COVID response support, securing capital funding was always 80ing to be difficult, despite our buildings requiring significant investment. We were therefore delighted to secure support from Historic England's COVID 19 Emergency Heritage at Risk fund late in 2020, to carry out essential roofin8 work5 on site. A successful bid to the Mayor of London's Grow Back Greener fund. administered by Groundwork. enabled us to build on work earlier in the year to develop several green spaces across our park and open spaces. Confirmation of a grant of £75,000 from the HS2 Community and Environment Fund in early 2021, also provided some lon8 overdue investment in our community Guide Hall, with work to refurbish the space expected to take place in the autumn of 2021. Further capital support was to come as we moved into the new financial year when in June 2021, Camden Councillors gave their support to a £140.CO) Community Infrastructure LeV ICILI bid. The funding will see u5 be able to complete a programme of work5 over the next year. including,. additional roofing and timber works, the repair of our paddling pool and a contribution to the redevelopment of our Under 5s play area, planned for summer 2022. Flnanclal posltlon at the year end Despite the considerable reductions of income from commercial activity, the significant financial impact of the pandemic was largely mitigated by emergency funding from Trusts, Foundations and grant-giving bodies1£307,Tr)01. from the emergency public appeal1£118.(XJ)l and from the CRiS1£246,CrfX)I. With annual adjustments including for depreciation of £74.028 and pension finance costs of £32,000, the Charity ended the year with total net unrestrirted expenditure of £145.59512020: net unrestrided expenditure of £165,627. including depreciation of £78.665 and pension finance cost of E39,iXQI. 21
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Pension revaluation losses from changing actuarial assumptions of £436.(MXJ12020- gains of £184,0) together with net restricted fund income of £114,464 12020- net income of £163,460) and the depreciation charge on endowment funds of £52,284 12020: £52,284) contributed to an overall net reduction in total funds of £519,41512020.' net increase of £129,549). This demonstrates the Charity'5 exposure to the unpredictable results of the annual pension review. Total funds and free reserves position The Charity holds total funds of £1.960.818 at 31" March 202112020.. £2,480,233.) Of these funds, £1,691.25712020.. EI,743,5411 is held as permanent endowment. representing the original cost of the land and buildings. held in Trust. plus additions and improvements, less accumulated depreciation. Restricted funds, not available for the 8eneral purposes of the Charity, are- Capital funds of £38,51712020.. £28,246) received in advance and restricted to expenditure on planned future capital works.. and Revenue funds of £203.740 12020.. £99.S471 covering programmes where income has been received in advance of project expenditure in the next financial year, or where unspent funding ha5 been carried over, because activities were not able to be delivered due to the pandemic. The Charity's unrestricted funds carried forward at the end of the year (free resetvesl comprise- General funds of £735,07712020.. £813,724). The designated fixed a55et fund of £98,75212020: £172.7801 representing the net book value of tangible fixed assets used by the Charity which can only be realised by disposing of those assets. A premises refurbishment fund of £57.39512020.. £57.3951 maintained by the Directors to Improve the Charitvs historic 8rounds and buildin8S. A negative pension reserve of £3,(lI(202o.. £435,IXX)I. An unrestricted legacy of £39.080 Reserves pollcv The Directors of the Corporate Trustee review their reseNes policy annually and considerthat in a stable financial environment, the appropriate level of unrestricted general funds to hold would be equivalent to Six month's planned operating expenditure from such funds forthe following year. The reserves poliry is reviewed with consideration to the principal risks facing the charity, the likelihood of these risks materialising and the financial impact that this would have on the charity. At 31 March 2021, the general fund position of £735.077 Ibefore taking into atcount the long term pension liability of £903,CWI. representsjust over 6 months of current reforecast operating expenditure from unrestricted general funds for 2021122. With the Charity likely to have to respond to significant uncertainties during the torning 9 months due to the ongoing impact of the pandemic, the Directors believe that the current level of general reserves is appropriate and necessary within the context of the overall reserves policy. 22
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Pension liability The Charity operates a defined benefit pension scheme. eligible to staff employed before May 2013, as a member of the London Pensions Fund Authoritys multi-employer scheme. An alternative defined contribution pension scheme with Friends Life is open to all staff and used for auto-enrolment. The actuarial valuation of the LPFA pension fund at 31 March 2021, completed in April 2021, gave a £468,LNX) increase in the Charity's share of the pension scheme's liabilities to £gJ3,00012020.. £145,(K)o redurtion to £435,CKKJI. The trienrbial valuation at 31 March 2016, required an additional contribution of £21,042 during 2019120. Additional contributions from 2020121 onwards are instead consolidated into increased monthly employer contributions from 19.3% to 25.3% of salary. The Dirertors of the Corporate Trustee are aware that. in common with final salary pension funds across the public and voluntary sertor, the liability changes significantly from year to year. The Directors and their professional advisers will continue to monitor the situation and tonsider the provision which needs to be made. Golng concern In order to assess whether the Charity is a going concern, the Directors have considered the final accounts for 2020121, the most recent worst case forecast for 2021122, an indicative budget for 2022123 and the resulting anticipated reseNes position at the end of March 2023. In reviewing these foreca5tS, the Dirertors have examined the underlying assumptions, particularly in relation to the performance of our income generating artivities and consider that there are no other reasonable material uncertainties. The Charity has sufpicient unrestricted general reserves to cover projerted losses to March 2023 and sufficient funds to be able to Settle financial obligations as they fall due durin8 thi5 period. The Directors believe that the immediate future of the Charity is secure for at least the next 20 months and that on this basis the Charity is a going concern. Fundraising During the year, Coram's Fields employed a full time Fundraising Manager. This person constituted the principal fundraising resource for the charity and along with the CEO. was responsible for overseein8 all fundraising activity in the year. No professional fundraiser5 were appointed to carry out any fundraising activity on behalf of the charity- Coram's Fields used online platforms during the year to svpport its fundraising, these included.. Just Giving and Committed Giving. The charity did not raise any funds through a commercial participator. Coram's Fields remained a member of the Fundraising Regulator and our fundraising practices throughout the year were compliant with the Code of Fundraising Practice. Direct fundraising requests to individuals in the year were largely limited to online campaigns and through events and the charity did not carry out any streetldoor to door/telephone fundraising. To ensure that the charity protects 23
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 vulnerable people and other members of the public in the course of our fundraising, we regularly review our fundraising practices. The Charity received no complaints during the year in relation to any aspect of its fundraising. Whilst the public campaign and emergency appeal saw several new potential major donors provide support, cultivating these into longer term donors and building on our small pool of current supporters, was always going to take some time. With so much untertainty still surrounding the reopening of some of our tommercial revenue streams and the slower than anticipated return of our fee payin8 services due to the third lockdown. the success of our fundraising efforts will be critical over the next year. Corporate Giving will be a major focus, as we seek to build a more sustainable finantial footing for the charity whilst the growth of our major donor programme, will also play a key role alongside regular giving campaign5 to secure 5UStained sUPPOrt from the local community- Principal risks and uncertainties The Directors of the Corporate Trustee confirm that the major risks to which the Charity is exposed have been identified and reviewed and systems established to mitigate those risks. The risk management review tonsidered risks under the headings of Governance, Operational. Financial and External risks to the organisation, and the control procedures in place, which include internal procedures and inspection by external agencies such as OFSTED. The following are Considered to be the principal risks for the Charity for the year ahead: The ongoing and long-term impart of COVID-19 on general funds and the subsequent ability of the Charity to meet its obligations from a seNice perspective and from a building and facility management perspertive. Mitigated by regular review of business/strategic plans and robust systems for management of Charity expenditure. Fundraisin8 - Unsatisfactory returns from fundraising activity to address gaps In projected income, most notably gaps in our unrestricted income. Addressed by regular review of fundraising strategy. Pension The implications on Coram's Fields with regard5 to its pension deficit. Mitigated by ongoing communication with the LPFA and regular review of reserves policy. Safeguarding- The risk and implications of any safeguarding incident occurring. Mitigated by a clear and robust safeguarding policy, effective dissemination and training for all staff. Health and safety- Risk and implication of any physical injury to staff and users. Addressed by registration with regulatory bodies. regular health and safety checks, robust staff training programme and appropriate insurance cover. 24
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Factors affecting future financial performance The Directors are acutely aware that the impact of the pandemic will be felt long beyond the new financial year120211221. The Board and the senior team will need to monitor very closely, the speed of recovery of the charivs core income streams in the short to medium term, and will need to regularlv review strategic plans, to ensure that the Charity can meet its future commitments and maintain the park and playground for local families, without compromising its financial sustainability. The Directors also continue to monitor closely the funding options for all programmes. They are mindful that with such significant emergency support delivered by Trusts and Foundations in response to the pandemic, future investment in services may be reduced or heavily turtailed. The budget for 2021122 followed the approach to financial foreca5tin8 since the start of the pandemic, setting out a worst and best case projection for the year ahead. Current projections for 2021/22 range from approximately a £3CQ,(W deficit to a break even position. Our best case scenario had assumed the return to full capacity of all services and trading activity from April 2021, which in the event was not possible, but early indication5 suggest an outturn somewhere between the two. The malor factors affectin8 future financial performance are: The speed of recovery of our commercial income streams to pre COVID levels. The Speed of return of football bookings since April has been positive, but the delayed return of hall hires and uncertainty regarding the delivery of our winter marquee in 2021 is of concern. The Successful growih of our major donor programme in the year, to provide a more sustainable income source for the Charity. The successful development of our corporate partnership programme Iconnecting Futures), to provide a more sustained income base for the charity, alongside pro bono support to offset existin8 COSt5. Isince the launch of Connecting Futures in April 2021. we have already secured SUPPQrt and income of£ll.0C from five founder member5.1 The return of children attendin8 our Out of School Club and recruitment to our Nursery for September 2021, both of which have previously generated small surpluses that support the general running costs of the CharFty. The successful development of new funding relationships and stewardship of existing funders to support the delivery of our Youth. Sports and Under 5s programme and in particular, our ability to deliver a full tost recovery model for all our funded services. The development of individual giving campaigns throughout the year and the subsequent increase in our pool of regular donors. The review of the Charivs cost base ènd the successful implementation of efficiency savings acro55 the organisation Future funding opportunities through the lotal authority or other support capable of offsetting existing costs The successful recovery and delivery of a financially sustainable café service Opportunities to increase earned income through park hires Uncertainty over the pension liability 25
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Plans for the future Whilst the government's roadmap out of lockdown outlined in March 2021, provided some level of certainty, the announcement in June, delaying the release of all COVID related restrictions has further slowed the speed of our financial recovery. In addition to this. growing evidence of the detrimental impact of COVID 19 and multiple lockdowns on those that we work with, means that our services will play an increasingly important role in supporting the complex needs of young people as we emerge from the pandemic and over the years ahead. From a financial perspective, the re-opening of our football pitches on the 29, March ensured the return of our single largest income stream however, with so many businesses not yet returning to their offices, anticipated intome for 2021122 remains some way below that of the last year of full trading in 2019120. Further delays to the return of hall hire5, means income from this source is a150 expected be considerably down on previou5 years. However, with restrirtions ending on the 19 July, we remain hopeful of a return for our winter marquee later in the year, the income from which will play a major role in dictating our financial position at the end of 2021122. With funding for our Youth, Sports and Under 55 Drop In programmes already secured for 2021122, our short-term focus will be on returnin8 services back to previous delivery levels. For many parents of young children, COVID restrirtion5 have exacerbated the feeling of isolation. The anticipated reopening of our Under 55 Drop In in September 2021. after over a year of closure, will come as welcome news for many, providing a vital space for children and parents alike to connect, socialise and seek support as we move into the winter months. The speed of return of ouryoung people following the resumption of centre based delivery for our Youth Programme in May, demonstrated the critical role of the service. The opportunity to assess the needs of those that we work with over the coming months will be key to understanding what support we need to put in place for them. Foremost to thi5, will be lookin8 at the le550ns learnt during the pandemic. to ensure we are able to deliver an increasingly accessible programme of support. The re*stablishment of our sports programme over the coming months will play a key role in re- engaging young people in physical activity and in turn supporting improvements in young people'5 mental health. With disabled young people and those considered high risk among those most impacted, the swift return of our targeted interventions. including the return of our school based work will be key, if we are to successfully reduce the longer temi impact of the pandemic on sports participation by these marginalised groups. 2021122 will also see a comprehensive programme of improvement works across the site. following several successful funding bids in the previous year. The completion of upgrade works to our paddling pool in July 2021, will ensure that children visiting the park can once again look forward to a summer of water play, whilst significant roofing and timber works across our site will ensure that our Grade11 listed buildings are protected from future damage. 26
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Looking ahead to the autumn. the planned refurbishment of our Guide Hall will give the space a long awaited makeover. benefitting thousands of children. young people and community organisations that use the space on a weekly basis. including: Scouts. Guides, Brownies and our own Out of School Club. Alongside this, the completion of our new electrical sub-station project towards the end of the summer 2021, will bring to a close a two year long project to improve Coram's Fields green credentials, enabling us to continue to deliver our programme of annual events without the need for diesel. Thanks to funding from Camden's Community Infrastructure Levy ICILI. we are also looking forward to working with the local community to start planning the redevelopment of our Under 5s adventure plav area. The project represents a significant tapital development programme for the Charity and over the next year, we will use existing CIL funds to leverage further funding from Trusts, Foundations, businesses and our local community. culminating in a crowd funding campaign later in the year. 2021/22 represents the start of a re-building projert for the Charity, with on80ing restrictions set to continue to negatively impact our commercial revenue Streams. Alon85ide this, the slow and gradual return to full capacity of our fee paying services, without the protection of the Government Job Retention Scheme due to end in September 2021, means that we face yet another challen8in8 year. The prompt return of service and trading artivity will be key to our short term recovery over the next 12 months. However, our ability to convert the support shown during the pandemic from individuals and businesses alike. through the growth of our major donor and corporate funding programmes, presents the best opportunity to protect the charity from future risk. and to ensure that we can continue to be here for the children and young people that we support. Structure, Governance and Management Coram'5 Field5 15 an unincorporated charitable trust with a Corporate Trustee, Coram's Fields Company Trustee Limited. The Directors of the Corporate Trustee are responsible for the governance of the Charity. The Trust Deed dated 12 December 1935 and subsequently updated by Deed of Variation 7 September 2016, Is the Charitrfs constitution. it stipulates that the site should be held In trust In perpetuity to provide an open space. primarity in connection with the education and recreational need5 of children and young people. The premises of Coram's Fields are treated as a permanent endowment. Coram's Fields Trading Limited was incorporated in 2016 to undertake trading activity on behalf of Coram'5 Field5 but has remained dormant. In May 2021 afterthe financial year end, a new independent Charitable Incorporated Organisation ICIOI, Coram's Fields Sport and Retreation ICFSRI, was set up following professional advice. Two of the three founding Trustees of the CIO are existing Directors of Coram's Fields Corporate Trustee, alongside a third independent Trustee. A lease arrangement for the sports pitches beleen Coram's Fields and CFSR will enable CFSR to receive income from the use of the pitches from June 2021 onwards and transfer surpluses arising to Coram's Fields. 27
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Organisational strurture The Directors of the Corporate Trustee meet bi-rnonthly. A Finance sub-committee ensures that the Board has sufficient oversight of the Charitys financial activities. It is a requirement of the Articles that a minimum of two Dirertors are parents or carers of children or young people who currently use our services. Presently. the Charity has four Directors that meet these criteria. The Chief Executive, who is also Secretary to the Trust, has responsibility for implementing the policies of the Corporate Trustee, dealing Wlth the day-to-day running of the Charity and ensuring that agreed performance targets are met. Recrultment and appointment of Directors The Board establishes an appointments sub-committee to oversee the recruitment of new Directors. New appointments are made through open recruitment and applications are welcomed from all sectlons ofthe community. Dlrectors, induction and training New Directors are invited to visit Coram's Fields to meet the Chief Executive for an introduction to Coram's Fields which includes a tour of all our services. an introduction to staff, an outline of the organisational structure of the Charity and a briefing on the current aims and objectives of the Trust and the history of the playground. All Directors are provided with a copy of both the NCVO 'Good Trustee, Guide and the Charity Commission's'Essential Trustee, Guide. Frequent opportunitie5 are provided for the Board to visit Coram's Fields and to gain a more in-depth experience of what is provided. Remuneration of key management personnel The Directors conslder the 8oard of Directors and the Senior Management Team as comprising the kev management personnel of the Charity in charge of directin8 and controlling the Charity and running and operating the Charity on a day to day basis. All Directors give their time freely and no Director remuneration was paid in the year. Details of key management personnel expenses and related party transactions are distlosed in notes 9, 11 and 12 of the attounts. The pay of the Charity's Chief Executive and other members of the key management team is reviewed annually in accordance with average earnings atross the voluntary sector. In view of the nature of the Charity and its economy of operations, the Board of the Corporate Trustee considers that a multiple of up to three times the median average salary for UK employees is appropriate for the role of Chief Executive. The remuneration is also bench-marked with charities of a similar size and activity to ensure that the remuneration set is fair and not out of line with that generally paid for similar roles. Directors are required to disclose all relevant interests and register them with the Chief Executive and in accordance with the Trust's policy withdraw from decisions where a conflirt of interest arises. 28
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Reference and Administrative Details Registered office and place of busirbes5 93 Guilford Street. London. WCIN IDN Reglstered charlty number 302963 Governlng document Trust Deed dated 12 December 1935 Presldent Tamara Gray Corporate Trnstee Coram's Fields Company Trustee Limited (Company Registration number 090010241 DSre¢tors of the Corporate Trustee Craig Mcwilliam Ichair, Appointed 9, June 20201 Michael Horowitz (Treasurer and Finance Committee) Martin McNeill (Finance Committee) Gudrun Wolff (Finance Committee) Toni McDemott (Finance Committee) Charlotte Robinson Charlotte Lamont Deirdre Carty (Resigned 241h November 20201 Chloe Mackay (Resigned 26¢h May 20211 Chlef Executlve Stuart Woods Bankers Lloyds Bank 344 Gra$ Inn Road London WCIX 88S Sollcltors Edwin Coe LLP 2 Stone Buildin85 Lincoln's Inn London WC2A 3TH Audltors MHA Maclntyre Hudson 6th floor. 2 London Wall Plate, London. EC2Y SAU 29
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Statement of Trustee's Responsibilities The Dirertors of the Corporate Trustee are responsible for preparing the Report and the financial Statements in accordance with applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The law applicable to tharities in England & Wales requires the Dirertors of the Corporate Trustee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and the incoming resources and application of resources of the Charity for that period. In preparing those financial statements. the Directors of the Corporate Trustee are required to- select suitable accountin8 policies and then apply them consistently* observe the methods and principles in the Charities SORP- make judgements and estimates that are reasonable and prudent. state whether applicable United Kingdom accounting standards and statements of recommended practice have been followed. subject to any material departures disclosed and explained in the financial statements: and prepare the financial statements on a goin8 concern basis unless It Is Inapproprlate to presume that the Charity will continue in operation. The Directors of the Corporate Trustee are responsible for keeping proper accounting records that disclose with reasonable accuracy at any timethe financial position of the Charity and enable it to ensure that the financial statements comply with the Charitie5 Art 2011. the Charity IAccount5 and Reports) Regulations 2008 and the provi5ion5 of it5 Scheme. It is also responsible for safeguarding the assets of the Charity and hence for tsking reasonable steps for the detection and prevention of fraud and other irregularities. Audltors The Charit5 auditors MHA Maclntyre Hudson have indicated their willingness to continue in office and offer themselves for reappointment. Thi5 report wa5 approved on 21" July 2021 and signed by: stuart Woods Michael Horowitz Chief Executive Director lon behalf of the Corporate Trustee) 30
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Indepdent Auditorfs Repryt to the Trustees ol Coram's Fields & The HarmsWQrth Memorial Playground Opinion We have audited the financial statements of Coram's Fields & The Harmsworth Memorial Playground (the 'Charlt*l for the year ended 31 Marth 2021 which comprise the Statemeni of Charitable Activities. the Balance Sheet. the Staternent of Cash Flows and the note5 to the financial statements. includin8 a summary of significant accountin8 policies. The financial reportin8 framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Atcepted Accounting Practice). In our opinion the finan¢ial statements: 8ive a true and fair view of the State of the Charitvs affair5 as at 31 March 2021, and of it5 incomin8 resources and application or resources, including its income and expenditure for the year then ended., have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice,. and have been prepared in accordance with the requirements of the Charities Art 2011. Ba5b5 for oplnSon We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII and applicable law. Our responsibilltles under those standards are further described in the Auditorfs responsibilitles for the audlt of the linan¢ial statements se¢tion of our report. We are independent of the Charity in a¢¢ordan¢e with the ethi¢al requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We belleve that the audlt evldence we have obtained Is sufficient and appropriate to provide a basis for our oplnlon. Con¢luslons relatlnR to yilni ¢on¢em In auditing the fiftan¢ial statements, we have Concluded that the Trustees, yse of the 80in8 concern basls of accountin8 in the preparation of the financial statements is appropriate. Our evaluation of the trustees, assessment of the entity's ability to continue to adopt the going concern basis of accounting included critlcal reviews of budgets and forecasis provided. Based on the work we have performed, we have not identified any material un¢ertainties relatin8 to events or conditions that, individually orcollectively, maycast $18nificant doubt on the Charity's ability to continue a5 a 80in8 concern for a period ol at least twelve months from when the linancial ststements are authorised for issue. Our rèsponsibilities and the rèsponsibilities of the Trustees with respÈtt to going concern are described in the relevant Sections of this report. Other Informatbon The trustees are responsible for the other information. The other infomiatK)n comprises the informaiion included ihe trustees. annual report. other ihan the financial statements and our auditorfs report thereon. Our opinion on the financial statements doe5 not cover the other inlorrnation and. except to the extènt otherwise explicitty stated in our report, we do not express any forni of assurance conclusion thereon. 31
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 In connection with our audit of the financial statement5. our responsibility 15 to read the other information and, in doin8 so, consider whether the other infom)ation is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material Intonsisiencies or apparent material misstatements. we are required to detemiine whether there is a material misstatement in the financial statements or a material misstatement of the other inforrnation. If, based on the work we have perforrned, we conclude that there 15 a material mi55tatement of thi5 Other inforrnation. we are required to report that fact. We have nothing to report In thls regard. Mattèrs on whlch we arè requlred io report by emteptlon In the light ol our knowledge and understanding of the Charity and tts environment obtained in the course of the audit, we have not identified material misstatements in the TfUStees' Report. We have nothing to report Sn respect of the lollowing matters where the Charities (Accounts and Report) Re8ulation$ 2008 requires us to report io you il. in our opinion.. the information given In the Trustees. Report Is Snconslstent In any materlal respect wlth the flnanclal statements,. or sufficient accounting records have not been kept,. or the flnancial statements are not in agfeemeni with ihe accounting records and returns- or we have not received all the information and explanations we require for our audit. Resp0nslbllltl of trustees As explained more lully in the trustees. responsibilities statemeni set out on page 30 the trustees are responsible for the preparation of the financial statements and for bein8 satisfied that they give a true and fair view. and for such internal control a5 the trustees determine is necessary to enable the preparation of financial 5taternent5 that are free from material misstatement. whether due to fraud or error. In preparing the financSal statements. the trustees are responsible forassesslngthe Charity's abilityto continue as a 80in8 ¢on¢ern, disclosin& as applicable, matters related to 8Oln8 ¢on¢ern and usin8 the 8oin8 ¢on¢ern basis of accountin8 unles5 the trustees either intend to liquidate the Charity or to ase operations, or have no realistic alternative but to do so. Audltorfs responslbllltles for the audlt ol the financlal statements Our objectives are to obtain reasonable assurance aboul whether the financial statements as a whole arè free from fflaterial mi55tatement, whether due to fraud or error, and to 155ue an auditorf5 report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS IUKI will always dwett a material misstatement when li exists. Missiatements can arise from fraud or error and are considèred material if. individually or in thè aggregatè. they could reasonably be expectèd to influence the economic decisions of users taken on the ba515 of these financial 5tatement5. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above. to detect material misstatements in respect of irregularities, ineluding fraud. The spetilic procedures for this engagement and the extent to which these are capable of deterting irregularities, including fraud is detailed below= 32
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Enquiry of management and those charged with governance around artual and potential litigation and claims,. Enquiry of entitystaff in finance and taxcompliancefunrtionsto identifyany instsnces of non-compliance with laws and iegulations.. Performing audit work over the risk of management override of controls, includin8 testin8 of journal entries and other adjustments for appropriaieness. evaluating the business rationale of significant transactions outside the nonnal course of business and reviewing si8nificant accounting estimates lor bias. Reviewin8 minutes of meetings of those charged with governance durin8 the year and post year end,. Reviewing financial statement disclosures and testing to supporting documentation to assess compliancè with applicable laws and regulations. Be¢ause of the inherent limitations of an audit there is a risk that we will not detert all irre8ularities, in¢ludin8 those leadin8 to 3 materi31 rni55tatement in the finoncial statements or non-compliance with re8ulation. This risk increases the more that compliance with a lawor regulation is removed from the events and transactions reflected In the flnanclal statements. as we will be less likely to become aware of insiances of non-compliance. The rlsk Is also 8reater regardin8 irre8ularities occurrin8 due to fraud rather than error, as fraud involves intentional concealment, lor8ery, collusion, omission or misrepresentation. A further description of our responslbilities for the audit of the financlal statements is located on the Flnanclal Reportlng Councll's website at.. htt www.frc.or Our-work Audit Audit-and-a55urarice Standard5-and- Thls descrlptlon forms part of our audltorfs report. Use of our report This report is made solely to the ChariV5 Trystees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Re8ulations 2CQ8. Our audit work has been undertaken so that we might state to the Charity's Trustees those matters we are required to state to them in an auditorfs report and for no other purpose. To the fullest èxtent pèrmitted by law. we do not attèpi or assume responsibility to anyone othèr than thè Charity and its Trustees, as a body, for our audit work, for thi5 report, or for the opinion5 we have formed. MHA Maclntyrè Hudson Chartered Accountants and Statutory Auditors London Date: 6 September 2021 MHA Maclntyre Hudson are eligible to act as auditors in tem)s of section 1212 of the Companies Act. 33
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 STATEMENTOF FIPW4CIALACIMTIES Fortheyearended 31 Marth 21J21 TOTAL TOTAL FUNDS Revery•E pi Plert5 Ple(ts FUNDS FUND5 FUND5 20 Irom: Donations. grantsand leKaLry Charitable activitie5 Othertradln8attivltles Investments 7J6.743 yWfa6 341.655 199.n9 661 1.163,869 34L655 L99.n9 661 69),037 622,338 68B,061 5.252 Trrtal 1,298.778 384.626 1.705,SY lQ)5,688 EyThJStuwe . R•isin¥ funds Charltable activltles P4rk & playgrourto Under 5's droplTh semce Nursery Out of schod dub 5port5 pro8rarnme yOh proqramme Totslfhafftabbeartl¥lll Its2 63.232 nni 581.926 33.184 229 634.6n 7C8.537 37,795 L181 4IL981 159,114 187.175 153.782 57.351 81.793 5.332 231963 170,936 354,111 1.987,428 123.8tyJ ,378 J55.414 8.597 50.142 229 1.724.OB7 Trrt•l L369.392 355.414 229 5Z2B4 1.7B9,319 ICfjJ,139 Net lexpendltuiel I lrtome Tran51er5 betweeDfvr 170.6141 174.9811 29.212 74.981 10.2n 1¥2841 183.4151 154,4511 17 IM5J951 10.2n 1512841 183.4151 154.4511 Actuarlal Ilossesl Ig8lns on deflned n•fit p•nsion sth+m•s I436,1} NÈtmo¥ementlnlunds I193 10.2n IX2841 1519.4151 129.549 AtLvnclllall¢Jn ollunds Tot•1 fvnds lorward 99.547 1.743,541 14W,233 Z350,684 Trt•l funds rarfedf(v¥Jawd 17 27, 201,Fal 517 1,691,257 1480,233 The¥nnexed notesfom) partof these flnantial staiement
Coram's Fields & The Harmsworth Memorial Playground
Trustee's report
For the year ended 31 March 2021
TOT
FUP4D5
TOTAL
FUNDS
FUND5
FUND5
FlxedassetS
Tangible ass•ts
i)
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L69L257
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Coram's Fields & The Harmsworth Memorial Playground
Trustee's report
For the year ended 31 March 2021
STATEMEPKOF CASH FLOWS
TOTALFUNOS
TOTAL FUNDS
Net cash flow5 frorn opewatSnoKllvltles
Net cash provided by operating artivities
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661
5.252
1169.5241
1164.2ni
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187,0721
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L(OZ103
1,149.175
C•¥h * nknd In h•nd •tih*ndolthey
L22L055
1.062.103
A5101 netdebt
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Trustee's report
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Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Premlsès. Spwlslnd ptsyoquipnwnl 2Xoftost 11.5Xolrast olcost Dèbtors and crédrtors wltn no stitod ind r•t•W• w p•• yw r•wd•4 at Any •risinifr0mimpoiim14r•11ift•TrdrtUr•. C4sh•l b•nk ind inh•ndlncluknr•shwA thcrt•rrn th¢rt dt• qulSlti¢hoiowniwof th•d•posN ovoMIIwM¢tyJrt Flri¢L•l In•iiikTh Th• Chirlty 0rat•S i dÈlln•&t•Mfft ILWI G0111 SthwM- L¢PSI •rnpkn• iolW b•for• 2013. Th1% 15 • d•lintd •111 yokM•upor•tt ty ihe Lcffjthjn Pthimcffjs FuTrJ Aulhm ILPFAI. A Ill11 fcrth• c15 abl4ltlons undvrlh• pl•n 15 rwnlsqd n•t ol pl•i 455•ts. Th•MI ikn•n•l dvlirwd b•r•in ruwi0•5 •n•Llu4n41 Vlncr In th• st•t•rnt ol Fir1 ACtl¢ju tm pwioo. P•ti$l pkn •t i•ity41u• •no th• d•lit)•d b•rt•iit Obli8•tlM 4$ thost+5tilrt•¢ lunoi.othwwl.th¢OStoi .U5olul In0M1[ IW•50f 38
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 ophal rknationsand£rants (hJnatedWs•nd sem CaronaYiru5Job RetontlDnSoIrntWt & ploTfound undÈr5'S Slvlt iè strat4 ou 7, J24Ug 13,3J7 42.5n 14Lnl XS,923 145,923 350 27,r 27,f Swtsproy•rnrne YQuthgro8ramm• 121519 203.757 143.881 251140 103.757 fA74J &16J 037 Thtfull (omp•ribl• Inlrmiiion lorihwloryeir15S•twt In P4Pt•2& chMItsb P4ursèry Oui Ofs(b JS5 n.iji 717.377 P4rkwent5 &seryice5 und•r5's s•fvlCQ Ios Nursery le•$ oOf%LdutsII Youthprwr•mrne 5t•lfrodw IL319 7$& J9J.88J J2LO 2L J.on 6313J• 1945 5wtspiirh hlre wolf50nContrn Wlntef mHq¥ee P4rkiental 445, 6rn 6*n6 s•leofp¢4s In 39
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 - Nursery - Outof sd1 dubddlvery - Youth proerammè - Youth SaletyTisk F C515 FundlCIL . Lbcamden Oue5$Grants 155,232 15S155 72.211 14) &327 7J75 JZ7 775 clni¥1rv5job Retentjon Schemeywrt 245,913 13,3J7 554ts7 Th?O•k FoundDtlon Coram's Flelds Em•rpwApwal National Lottèry G•rfield Westort Comic Rellel Sheila Ann Hamburgw1•84ry BalcomCtItab1èTrusI stAThdrew Holborn P•ul Himtyn Fourylathin HlStor Eniland 04625 105 176,OY 106.105 119,399 7Y,810 4J,157 24.185 USC 350 H$2 TwoM•iy•s p•ttons Goldman SKhsGtyesIEmeryerKy Appedl Tom Ap Rhy5 Pryc• M•morialTrnst wiiii4m w•tes c•mdertGIVln¢- ¥rtous Nitlon•l Found•tkn IcwYroJthMwk Syk•s& Son Le•theryellersYcw•nt London Yo¢Jth ACtellIt C•mden Found•tion Cwd FKtory Gr•nt Ch•pm•nChiritibl•TDJ5t J4(kP•tth•v TèsroBA8 lorHelpGr• Bl•¢Ticket Pwoltrt otherslDOtvrfer£Lrmi Oih•rs. nodonit1onsin2lll•11 271 16,a>) 29,631 IL283 11.2 IQL
J,L 9,993 725 1515 L750 L750 157 15257 4S973 248.029 IJ7 Q420 914•4 c¢Thprf511¥: L163,469 E 227.3n 0037 22&2 YUJ03 At31 MwthX)2L rUnMIlledndrtSeXl51edQnIW0Ifr4rmdrn•b0d51>llTr. Nontl. Thefull 07mptIn1crfrnlOn forUwloryexts 51ti¥A*i140to 27.
Coram's Fields & The Harmsworth Memorial Playground
Trustee's report
For the year ended 31 March 2021
•Wr4lyr
Sa)
ni
Park & plèyground
Undw5'55•fYiLY5
177,147
6346rJ
,S17
37.5
2L953
247
Outof s
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 The 4Yerwe head (Lwnt dunnKthe year w4548 #•ff 555t•ffj Jndll wrtwenwnber Qlfvll.ti ewhfalentem¢Y5 IOn¥the Raisingfvnds Charitable act$ - par plrOund&al - UNler5'5 5eryl¢E5 - Sports proyamm• -youth pro8r•mm .fjWernEe 11. NrortOIth¢r17TrU¢eÈ Th Direct¢YS tsfthec¢ypwTNStedld ndtrwhahy temuhw&tknc4•thertWrts Irfknthech¥ity duiiwthe yirl2010.. ENIII heifht ww• th•y •xp•ns•s th• )ar1202tr. 04111. NDoir•ctor lorwolossi¢Jrl orothw S•rvI$upP1iQd toth• crIvI)2. ÉNIII. tot•lllni£6,2501. Th•i)Jto1 sth0ulclubTrw5Sw•5•Vmdtyth•ClwryWth•tr.v•ClVy•rnunW•tIllof£9j3{jTr. QAIII. rknwth•¥•ir.thChirity Pald bankdWyStffliIni£It1b•h•IIolC•rn'sFIdsTrJ1n•Ud. ldonolIrdinIS¥bsldllry0Icor1rn,S FlqldsComwnyTru51o•LlMliodl).' É210}. th1th15•1x•Tr$i1u[$QIf. Th•rnw•fnoJthwi•l•thd wtytran5Ktlon5durlr4th• y• 1202D'. nonel. SpThts•wlplry Fund:tsnd Toi•1 Atthe beOnnlryolth•v Addltions DISPOM Attheendoftheyew 1,039.L5 3.875.41fj 085.741 J,039,225 3,875,4ao Allhe beOnnln¢oltheyew cefOrtheve SP)5a15 52LOYY L295.OM 51284 L959,1 121.312 M>,fj7fj 59LnJ L>47,9fi1 IW,427 Atthe be8innln8of theyeK Atthe endottheyew 8.135 164.645 93. 1.743.Sti 1,691.257 1.916.321 TheendDWTrtIund refle¢t5theryln•lc05tol th?tsnd u5Irt5 Wp¥eMEnt¥ le55xvJmutsted deprttl•tlon. Wth th* tonsent DftheChwrtyCOnwniSSlOh,14al (hwwVtedtuThO &lLottry Fuhd in in rolatiunttslwt0f E250,LDJforth rnfuthshm•nt orth• Vouth c•ntr• bJlldin8and toSpNt in rdlin toa 8rnntof £M).(Ly)f th• rnf&bishmènt ofth• swtspnches. TheWoLOttery(onhrned In Feknwy)J21th#theirolxyh•dexwred. TrdelitOrS othètdÈbto 6.n4 44.074 42
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Tryde¢Teditor5 42,?5 37,572 rn683 Deferred Incym T•iation4nd 5oKl•l se other(Tedrtvr5 I2,? 12,7rn 8.053 Oeferred Incl Includesthncep•VrnentsretltylO¥4ath htre.rehL nur5eryootsrhDDI dvblee5. Balbnceatrtartolye Amovftt rtlt•seO to In¢omib¥rtsouff¢tsthingyew Amount defeThed Inye•r. 5¢$ IJIY5) 352 pitth hire - Nu15ery1••5 - c1 of school clubltts . Aent In a¢fvan( . Fundr4151ni Inrome re(thdlnd¥•r B•l•nreitend of year 4.175 3.547 Tot•1 p•nshOrtl1ll undwFAS 102 L•5S'. lmntp•yabl•rthinon•y••r Low¢wm•lthni 435.C GWI11 Tr4nblm * 31 2011 nd indbJlldlr45 L74U41 L69L257 •strSrtodCapltsl lundj Capital development pL•n C•pitil8f•Mslor In-yew woilcts 2&a 10.271 IU22YI JOJ17 P. plyvourtd•ndulé Sport5 prgRr¥mff Youth p¢oyamm• centr#l yoie¢ts Nuwry Undr55 24 gJ50
)3.n7 I>X3781 49J52 14Jfjl 27.¢ 203.740 99J47 74.981 iZ7.7YJ Jfj7.fj•3 74,Y81 241,157 Unvtttrktedfr Gora1 r@T¥ Oesi8natèd hA0d4sS hmd Oèsi8natÈd fvnd for premfjsos reluthishmont Pensn Roser¥o 813.n• IL295.WI IX.0281 IU9811 n5&77 7S2 37.395 I>J3,{l 35. 27.3DI Sh&iiA Hrthiwloe IL369.391 143fy1 74.981 Totslfw i•u3J L105.gM ILnJ.3191 43
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 The l •nd buildiry5 of Cor4rn'5 Fiekts were in 1935 rt • C05t of £425.m) •$ • re5uh ol public sub5fflPtion. Therf are held •54 permanent endtrwment and (an be used the education and reueath ol people. p¥t of the fundin8 was received Irom th• theThLkn Countycwrl IiCCI. Shwld IhE511e eYerbe501d •SU tobe •weed with thEDep•rirnent fryEOw•tlon not exceedlwthe oriwnal 8rant of £SILK¥J from the London CtyJnL ThJSt be refunded to ihe reSPlts1e %Kcessor to the LCC ¥Jhlth IS the London Theend(vWmentfwdrelthtwWThMrtgItheIwI1l[rF4u54o011h¥jthTrWrn kn•r4ynwl•ted dewffJ¥tlon. with the $tl01 thecty Comrnission. leyl tharysere8rrtedto Thew L0tteryFWj In 7. In re110 48rJnt of.(0) forthÈ rÈfurbishmhtofthèytyJth tÈntrè tOSW1 W¥xlbh Au8uStJ113 Ihwolatkn yanttsf thrfu[ts5hmt ofthespcrftsp¢tthekTheW Lotleryumhmd1nFe2OlkwlIhethlrythwJ expwed. TheChJrrtyhJs• l¢yy.tern ryoy4rnmeolm•lryveluth5hment 4nd InyDvernEfit wryk5. ThE C4prt•ldeveloprnent pt•nfund holdsdotIONS i•rtrict•d sp•ndini on th• r4d•¥•10pt) of th• sito. A frnrn MistW Ewand Is b•ini us•d for bulsdini and roof f•paii worl %11ethese lundslrewton ttern51hrtWeaIts1eOISXed•5Sets,the1n5lWTeO1Qthdelale{IhXed¥5StIfun. Theserepiesentorantsand donatkn5hh mtOb•s0ty UAV d p¥•1$01th (hwW5work. Ikantsw• rt•lvd from i Yty of trustx, ftsJtI¢?fiS luhd4 (KlhlSlthx Indudèd Ih Not 5. Mlfiy of tho &lihts to LWri•d loTh¥•rd to spont ¢n 21.22. not ltast bouus• th• shuldtrn y••r fu tsorn beiw wnL The untral projec •llminwy $ts In(ned Iorih•nQtr11t•vM11. The Oirector5 m•ini•in • prern15es refurb1shn s•t •51de Irom w••. th• obJ•cth• ol Inv•5tlnqto Inyov• th• ChMItVs hlStoriciroJnds ind l1n1& olth• mPOS• ol this1w Isto d•mt•str4t•th• I11tytO kV¢Y¥ld• Ntth•d fundinif¢Jr subsequent don•tlon5 to the C4pltil de¥•10pt pl•n proiort frrfthe pned rode¥01 oflhE 5tte. The fundwis not U5od In J)2fy21 12m £IO,Cthofth•r•furbishrnMtfundxus•d iortrmollh•b¥¥Jh4l&id4wl. Th• owt•s i diin•d b•n•fft pnsicffj s(tr4Wrt•. as 4 ffmts•r ola muhl.•mpltrf sth•m op•rt•d ty tho London Ponsions Fund AuthNIty ILPFAI. Ip•n5bern11bItyoI £9)3m)I. £439.L¥J)) rqww•ntsth• ofthe Cwvsshwe ofih• sdmo's IiibllltJs •t 31 Tth >VI. Th•MrvAI Mtflnwwstof tr%1•1•aItheP•n r•&•Tr•toth•yn•rnl fundbt theond olihe y••r. Tcrtal Fund¥ Total Fvnds T•wibiefixed •5t5 currnniass+ts l237 L7X7,L 1271229 1198.4201 l>J3.rmi L9J432J LJo1 lJfjg,3fj8J 9.gn IIX4 l%J.L 2$? CreditQV5 duewlthln oneye•r cr•dltus duQ In fflorth onov 24257 LXOJI• Z4m233 TheftAI (P•r1e InlryrnDtlon try¥lvaS5*t0y¢1F1ote 3L
Coram's Fields & The Harmsworth Memorial Playground
Trustee's report
For the year ended 31 March 2021
In 1967. the Chamty entered Into a deed with unwsrty CdltyeLondon Iinstrtuteolchlhl Heahhl to lease a pe ofthe Cty'S land at the
(Yth east comer of the 511e. The deed Included pErTh55ion to erea • 1101 on the lond. The hos been leJsed tothe univw51ty ever
Sincè and the builditw Ètected is kn(Avn as thè wolfson cnttÈ. Thè ornt Sèase ntÈted Into C1 4 Ixtobèr 1585 ind amÈrtdÈd by DÈed of
on 29 J•nuary 2(th. wns uniib ))U aent•l re¥ed e•Yry ar 15 l¥Ked the eI ID Ihe Ret•il Pr1(
Ihdèx OYÈtthèprdl¢YJsfNèr(X1.
At31MarChIfhel0rIO1Ihe IuEwe rnlnthJmlewAfKdpts4wthrthe
nc4Funcell•bleoperatlw letsew
Amountsdve within oneyew
Amountsdue between One•NIfeyts
Amoyntsdye •fterflveyear5
203.104
I,412
263.JOI
5J4X•
N#
At ILMirch120th•tot•lol tho
on411bIt01WOPW•tinO15•s w45..
Amountsduo within on•y•w
Amountsdu• t•n{rf¥Ddlh5
IQ258
ILGPSI oper•ted by the London Pon51wsFt¥KI Au¢hMtyILPFAI gth•rn?wlth FrtvbJ5Ufe. The Fn5 Ufedeflnqd
contrtbution sth•m• Isth• p•nsknisth•m•for•thts•nr¢lff•rt.
Th•pension costfty thtye•r ofth• d•fin•d<ontrtsAKffj 5dwffltM5 £27JB71b)Itr. £x),051.CTrttrSOI Q517ww•rArt5tinOItth1
thtyt IlQlQ'. E7,4•11.
Th wst It)r th Vr •1 th bnefit s¢knY w•$ EK77417W. br<4tOd * PtybS•h for • p•yrh
i•suttill6 fvorn rndundary 01 £29.6L31>))k £niii. •r no (¢iithtrwJtiMs towwdsth d•lrt tht sdrnt12o.
£21,YS1. The 5ty•ln yrfmentofQY,61Jw15outslwdlr¥¢theendoltheye•rl3J2Tr. 04111.
The LPFA c•iMed ol ccffjtrtbutlrfft to the gotrrf•xy of the fund In a118 and reque5tod Inrye4sed
(x)ntrtbutionsfromthèTruSt lo1[£2042)lnd1QI1Ql2LSlS) t0h Ihls. 2rf21thè pÉrtnwètontntsJtion 51$e1
and as a resull DO addltional
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 nllationassumpt¢onlRPII Inllatlona55umptknn{CPI) Salary Incre45e5 Pension Inrye•3e5 19% 19% zo% Z4% rrtlromerrtagefy5•re'.
XMarthX2X JI ) Retinn8todav M•les Fem•le5 Retlilnq In20Iwis F•ma1•5 91 91 Futrv0eQt JIIAvthl¢U JIMhtt 31MorchW20 JJ Vorth 2020 ¢guKIS 7iry•t r•tum pNtfolli 1nlrastrLw• Property Cis Tol•l mwketMIvEol•ue 397 ] Jo 43 1.41J R•tUm¢MpIx Intor5t Incorn A(lu•l rUrft on pl•11•tsI•XdlI1ty4Trl•rll xom• Total return 35 S•r¥lCCOSt 13 Adrnin151r•iionth•ry• Totsl opw•tlw¢hw pr•niVAlul0f1hl d•hn•d b•n•h1OlO Fiir¥•lu•o1 plw iss•ts Netdeflned beneft1penXIrn IS•bll 1423 901 DofinÈd bènèfK oblllatl¢in attnn1OfthéYOm Expwinc losson dofined bnfbt obliytioll Ic•cort Imerest st EmployeecontrltyJtions Benefit5 netof tr•n51sih chinylndem08raphKsUrnpIvn5 ChAn8inliti•nci•l aumptiOnS Doflnod bonofftoblVknaitho•ndoltho 1023 41 16 1401 M7 FAifvaluèoffund aMètsatthèb4innityofthÈyw 35 1401 153) Rotumonassots lossintorn Otheractu¥ial8ains AdminIration expenses Empl¢yrfercontribviiiY EmplwLDntnbutlon5 Benefit5 ld netof tran5fet5 I FaitvaluÈOlluj as%tsatthÈohdoIl io 135 fjB5 L423
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 The Chantys Trwstee Is Fleld5 CryTrp•n¥ Twse Un4ted • IirnKed ty iux•ntee Iiegt5rr•tlon number.. Cl))10241 whlth ntro15 the Chartty. C¢knParry 4nd 4ssets ¢x lithliti& Th ofthe O>rywry Ire shownintheTruSteeaeptyL In May2021anyw IndewdentCh•maWe IrKgw•ted&yn15Jfion Iml. Corarn'5FbehlsSpvt•nd Reue•th¢CFs8j.woS%ef up. Ale45e •tt•wewiforthe5p(xtsprt(tr5WweehCt%4m'sFlelOs¥xlCFSRwlll enAtCF5Rtortfft thtyse¢fplt(he5frthmJuhe 2021onw¥dsandtranstqf5urplus•s¥wrytoCorT'sFbdd NetlexpendrtureVlrKome•5PErthe5t•terTrErfollkn•nrl•l •rtfr•llle5 183,4151 15¢,WJ Deyeciatlonchxvsln•1Tr Inteve5trettlv4ble Actuarial lossllvinl on d•fin•d b•MllI p•niiM¥P•rn• Dqryeise In 5t0( 13Q9¢9 13,2511 1436. 54.B05 497.052 Inu•aMlld•u••sol Inu•dltors Netf45h prv41dod bywwrtlr4•rt1l1•1 135.705 77,k end1ryJtslA4J1jolU Gqnw•lyints DOl0n% 97.6 97.6 126.449 13.317 41577 Dollatediood5•nd 5ory1rn5 onavirnsjobR•t•non$(hm•t P•rk &pl•yvound undw S'ss•TrK•s 117.911 iJ,iy 4U77 23,610 2&463 Nursery 143.884 151, 9$2 19SiiO Yvuth proy•mme 25Llal I554 ted wod5 •nd 5erye5 wwIOE(I reWeI1 v•lue of redErty•Vry e4ulplnK the ule *thlth r 47
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 london EortyJ8h oic¥rthnlLBO - Comrnuntyflltle5 . Nursery . Oytof5¢kn1 rlubdelhyry - Yovih yoqrarnme . Y¢MrthsafthTask FO 21610 J7L8ffi7 5L>X) 51.3 519 HMftC-CJR$8ram 77J•J 04kFo¢Jnd•tion MACE Comlc Relt John Lyon's Char Nitlonal Foundat1¢ forY¢Xrth Muii¢ Porket PJrk5 StJ•mes'5 PIKe Bèlcomb• Chatii•bl•lruSt kondon Marath¢xiTruXi HS2 StAndrewHc4born camd4n Glvini- VOuth•mpltryn•nt c•mdn Glvlnl- FutL•thry•mk•rt ciw Bell• Re5r•ur•it 4•rch•nt C•nt05 Tom AP RhysTluSt ThHald1'c¢Ifflwny MthownevslnM5Clyb Th•Le•ther5ell•r5'Comp•ny YOUn8camd•n FndtIOn LDv•lls Ll9. L19.399 117.9B2 43.457 31.4 27.roj 22.577 U7,917 43.457 31.4 27.Lf• 37,156 2J.Liil 212 i0.J20 ISL 14611 ¢J17 4102 EtJwinCoeLLP tondonyouth Cii4MtwIIII•rn J•(kPetrhey Found•1 4407 8A67 LS25 1750 Att•ntuw• WMEEniert•lNnent NOC ptrLV 29.6J2 29.632 45.9n 610.4X 4? 41521 951 MJ.I S59 J47.TlO dJlOM4 559 .>JJ 6n8 lslr¥fvNIJ 2L913 nni pa &playvound undw5'ssei¥itts Nur%ry Outolschooldub X6n 7.0 n3 145.2 74027 5•.8 IW,6n OJ67 9337 57.795 41557 &93 9.ln 57.469 L155 23QfQl 17&3 2X 4824261 147.997 I?35 195,gn ¥074743 23Z963 17D.936 spts wo8ramm* YDUth pro8ramm 9B7N2B
Coram's Fields & The Harmsworth Memorial Playground Trustee's report For the year ended 31 March 2021 Stattmst5 otherwwxx¢WSts Audltf•• Leo•l& prOfe5yonIee5 cyed4tion 251414 276.656 i15] 13.8 iO.JL5 I.919 142XI 127.8th1 569.995 la557 S•).IM Z392 M6 vt IXthlMth20ZO Llnd Ind bulldliy5 L•).co) 1.749.541 FIAed assets (apltsl capital alOpmt pl•h SIC6(OmnnItyl1IttS NunerytdOarU Wlbdlat 23. 123.6 IU7,9821 ia5rn L622 Nuv5•ry 5P•rts ptoir•mm• Youth pwramm• Centr•l prolert5 436 J4,J07 a).X6 46.556 4&S55 12S3A•)I 410.OJI 99.M7 •)7.1 L6L622 127.791 Geneial reserve Dulin4ted tlxed •55et lund D•siinatod funé forpr•mis•s we1$hMl P•hSlOhr•Mrv 8a93U L43xia5 21L921 •u.n4 87.395 97.395 33,¢W L43S.105 LflJ).n2 2L Fwwls Fur 1019 T•niible flxed assets Current ass•ts L74U41 L9lfj,321 155.2 1169. 1435,rmi 1877,740 1213.011 11816J8J 1558,155) ¢)w. 1169.368} 1435,fA))I Credltor54uewrthlnoneyew Crtdttorsthin rveth•n4y)eye¥ 1.793 L141,$41 IW,21J 35Q614 These are{wSeInthe ststemtof FnlAdl•nd B•&nreSheeL 49