ooram Ids A have r play 'nri p 7. 2021-2022 Annual Trustees Report and Financial Statements ly Numb -contents Annual Trustee's Report Message from our Chair and CEO Our Year at a Glance Our Highlights Our Community Spaces Ouf Community Services Auditor's Report 35 Financial Statements statement of Financial Activities Balance Sheet Statement of Cashflows Note5 to the Financial Statements 38 39 uo 41 Trustee's Report Registered Charity Number .. 302963193 Guildford Street WC l N I DN 1020 3384 2203 Message from our Chair and CEO Welcome to Coram's Flelds Annual Report and Flnanclal Statements for the year 2021-2022. At the start of the year, Coram's Field5. like man charities, f ound itself grappling ujith further uncertainty folloujing the third national lockdown. ujhilst trying to navigate the governments roadmap to ensure our services continued to reach those most in need. In August 2021. as COVID restrictions came to an end, another, very different crisis emerged, as Bloomsbury became home to around 2.000 Afghan nationals fleeing the Taliban. We ujere proud to be at the forefront of the emergency response, working ujith our partners in the Council and voluntary sector to welcome families to Camden and the Coram's Fields community. Ongoing restrictions led to an extended period of losses ffom some of our core revenue streams. with hesitancy from parents and restrictions on numbers 8150 meaning ouc Nursery and Out of School Club services sauJ income heavily curtailed. COVID had an unprec2d2nteci impact on manv fa(nilies physic81 and mental health. none more 50 than parents of young children. We ujere therefore thrilled when we were finally able to reopen our Under 55 Orop In in September 2021. welcoming a host of neLU children born in the panolemic, and oroviding opportunities f or parents to connect. following a period of sustained isolation. We were therefore incred ibly gratef ul to some kev funders, in particular the Oak Foundation, Garfield Weston and John Lyons. who provided further emergency support and multi-year core grants respectively, to support our longer term recoverv from the panolemic. Despite the financial challenges faced, we were also delighted lo deliver several improvement projects across the site. Our seconcj largest community space. our Guide Hall. received a full makeover thanks to funding from Groundujork UK, whilst the completion of a two yea( project to build an electrical sub-station, represented a major step in ouc cofnmittnent to deliver clean air for our young users. The importance of our park and playgrounds in providing access to green. open space. for local families, many of ujhom live in flats, with no access to outdoor space. was laid bare du(ing the IDckdowns of the previous year. We were therefore delighte(i to be able to stay open throughout the year, providing a lifeline for local fafflilies. The Omicron variant towards the end of 2021, was a reminder that COVIO uJas far from over. However. thankfully that didn't halt the return of our uJinter marquee for the first time since 2019 and the much needed revenue that came Luith it. Having navigated COVID. Storffl Eunice and the highest temperatures on record in the first half of 2022. we are now looking forward to a more stable period of re-building to ensure that our services continue to feach the children. young people and families that need us most. Coram's Fields work with young people affected by seriou5 Vouth violence saw us continue to lead the way in the delivery of trauffla informed pproaches. We were thrilled to see our first repoct, offering insights and learning from our community based intervention. published by the Violence Reoluction Unit. We would like to thank all those that supported Coram's Fields during the year, and we look forward to building on our work together. Craig Mcwilliam Chair of trustees stuart Woods Chief Executive Officer Our Year at a Glance 150.000+ 3,526 visitors to our park. playgrounds and sports young people accessed our Community services 38 2,496 208 children attended our community Nursery voung people engaged through our community sports programme oung people attended our after schDoI and holiday play schemes 296 148 oung people supported through our youth centre and youth outreach programme children vi51ted our Under 5s Drop In 321 27 294 day5 our café was open for children nd families visiting our park community volunteers helpeol maintain our park nd gardens hours of free hall hire provided f or local community groups Ir* We often visit the park between Great Ormond Street Ihospitall appointments. It is a lifesaver and an oasis during ofte stressful days" "l used Coram's Fields as a child. It was my parents, lifesaver during school holidays. A fantastic space and a precious resource" , jTI[LI lase Studv Kaheylla's Story Kaheylla joined Coram's f ielcis youth programme towards the end of 2018 when she was 14 vears old. A reserved, yet enthuslastic individual, she was on the brink of not progre55ing onto college. She re-engaged ujith us after the pandemic, joining our Girl's Group as soon a5 It reopened in December 2021. Through ujeekly sessions we worked with hec. providing a range of support to help her on her journey to becomin£ a strong, confident young woman. by using social media to promote her services and process bookings. We have continued to work with Kaheylla, by helping her to fflanage her busy schedule. as well as Supporting her successful application for a grant from Camden Giving. Currently excelling in her level 3 Childcare apprenticeship 5 days a week. she has not onl been able to negotiate her own pay rise but has also set up hec own freelance busine55 as a remote hair stylist. Kaheylla taught herself to braid and began by styling friends and family. developing strong reputation her community-. a reputation ujhich she hès built on Currently. she is one of the lead young women in our Girl's Group, suggesting anci running her own sessions and inspiring others. Having alreaLJy demonstrated her huge potential, uje're sure that Kaheylla will continue her successes in the future and we're incredibly proud to have been a part of he( jou(nev. 66 She has not only been able to negotiate her own pay rise but has also set up hef oujn freelance business as a remote hair stylist 99 Our Highlights Transforming our green credentials £260K - Investment In green Infrastructure I I Prolect dellvery partners Octobe( 2021 marked a major milestone for Corèm's Fields as our commitment lo £0 £reen" saw the culfflination of a two-year. £260K project to build brand new electrical sub-station on site. The new sub- stalion means ou( annual programme of communit14 events. between them attracting over 10.000 people each ￿ear. will no longef reouire the use of diesel generators. but will instead be powered from the electrical grid. Afghan Work 2.000 - Afghan natlonals Ilvlns In locallv I.OOO+ Afghan chlltjren under 18 years 60 - Average number of Afghan chlloren receivlng weekly support The arrival of aroun(J 2.000 Afghan refugees to Bloomsbur¥4 in Au£ust 2021, many of whom were children, led lo an extraordinary response froffl the local community. We were proud to be at the forefronl of Ihe response as a member of the strategic group. as well as delivery pèrtner, providing support to families fleeing Kabul and the Taliban. The sub-station will also play a key role in protecting the income that we receive from our winter fflarquee residency. and that provides vital funds towards the maintenance and running of Dur park, playgrounds, ancj soorls facilities for loc31 families. We were delighteti to team up with Awesome Events. who along with support from Camden Council. provided the fflajority of the financing for the project. However, huge thanks must also £0 lo all the partners involved nd who ujorked tirelessly to fflake sure that the project was delivered on lime and on budget. We are particularly grateful to our architects Prewett Bizley. UKPN. BTS, Jubb Engineering. Cudd Bentley. E(iwin CDe LLP, SIS Pitches and Littlewood fencing. We look forward lo being able lo deliver a full programme Df comfflunity events once again in 20221 Alongside st3lutory and voluntary and community sector IVCSI pèrtners, uje coordinated a comprehensive orogrèmme of supporl within local bridging hotels and the community. Coram's Fields was alwa￿$ going to play a vital role in supportin£ the families. We were the f irst VCS partner to work directly with Ihe group when we started weekl sessions in October 2021. The sessions, supported b community translators and partners. provideo a safe space for families away from their hotels. as well as targeted help for pèfents of Under 5s ènd free youth and sports activities for older young people. .1¥. As familiarity grew. more families usecl our space each day and the team were inspired by the enthusiasm of the young people. There was plenty of ingenuity on show too. epitDmised by a £roup of around 20 young people taking it upon themselves to turn a previously underused oart of our site into a makeshift cricket oilch Celebrating diversity, inclusion, and community cohesion 200 - Chlldren from Great Ormond Street Hospltal (GOSH) attended a famlly fun day 10 Average number of young adults taklng part In our football amputee sesslons 32 number of sesslons dellvered for young homeless adults Fundamental to our success is makin£ sure that our park. facilities and all our services are accessible lo all. are representative of the communitw we serve. and that we create opportunities for staff and users alike to learn from the differences around us. We know that Common barriers lo opportunities are comoounded by more hidden ones and that a proactive ppro3ch lo all our work is necessary if we are to build on our success. in making Coram's Fields a truly inclusive community space. Over the last year. we've seen the return of some of our much loved Community events. the value of which has grouJn considerably as a result of the impact of COVID. In summer 2021. The Place Oance Studios delivered an arts extravaganza during their Family Dance Day. bringing conlemporary arts to Ihe local community and oroviding opoorlunities for hundreds of children lo take part in range of dance and performance activities. We also olawed host lo Great Ormond Street Hosoital's Teddy Bear's Picnic event, with entertainment Charity. Spread a Smile. delivering a fun packed of activities for children and families from GOSH. Alongside our events. our services continued to work hard to find new ways lo increase their accessibilit￿ and reach. A new project in partnershio with youth homeless Charity. New Horizons. delivered free uJeekly sports sessions for ￿OUng adults impacted by homelessness. We were also delighteci to develoo our oartnership with Arsenal in the Communitw. through a new weekly amputee football and fitness session, uJorkinE with an average of l O young people every week. On 17th July 2022. we welcomed partners Kings Cross and Brunswick Neighbourhood Association and Ihe Camden Mela back to its home of Cofam's Fields after a year away at the Brilish Library. Over 2.000 joined us to celebrate the rich diversity of Camden. through a daw of fflusic and performance. food. and children's activities. 'WEidDihE ON ,51"1¢. You were there when we needed vou and there will always be people Luho need you" lase Studv SA'S story Since she wa5 5 years old SA loved playing football and froffl the age of 8. started 8cce55ing our football development programme. Initially quiet anol a little timiol, SA has grown to be a confident young woman who is well liked and popular in her community as ujell as establishing herself as a formidable competitor. In November 2021, at the age of 15, SA'S hard work and resilience paid off as she was offered a football scholarship to play for Arsenal Ladies Junior Development team. She was of course extremely excited to be given this opportunity nd is now focussed on honing her skills to become a prof essional footballer. We have been delighted to give SA opportunities to really excel in a sport she loves, including playing in Ihe Coram's Fields football team. uJhere she ujoulcj consistently find herself to be the only gif l in the entire league. Our sports team sUPPQ(ted he( to attend tournaments and helped nurture her talent bv providing bespoke, 1=1 sessions. focussing on fitness and skills. Despite almost alujays being the only girl on the pitch. she let nothing discourage her, if anything, the lack of female players made hec more determined to play and enjoy footb311. We're proud to say that Coram's Fields helped to set SA off on her career path and are delighted to have been able to give her opportunities that she may not have otheruJise had. The Sports Development Team will continue to support her as she takes on neuj challenge5 and we at Coram's Fields wish her every success for the f uture. 66 SA'S hard work and resilience paid off as she was offered a football scholarship to play for Arsenal Ladies Junior Development team. 99 Our Community spaces Our Park and Green Spaces Over 150.000 - Vlsltors to Our park and playgcounds durlng the year 27 - communlty volunteers engaged 6 - Cofporate volunteef days held durlng the yeac Our park. playgfounds. and green spaces continued to provlde a safe and stlmulatlng envlronment for children and families throughout the year. The start of the year coincided with the end of the final national lockdown. during ujhich. ou( pèrk had become an indispensable resource for local f3milies. particularly those without access to an outdoor Space Df their own. With many fa(nilies choosing to Sta￿ in the UK fo( the summer. we were delighted to see the park and playgrounds busv. Iso benefiled from the work of our volunleers. providing an oasis for local children lo explore the natural world. right on their doorstep. including getting involved in the art of beekeepin£. Our two large lawns offered the perfect Spot for familv get togethers an(J chil(Jren's birthday parties. whilst our paddlin£ pool provided much needed respite from the heat on warmer days, and a source of entertainment for our young visitors. TouJèrd5 Ihe end of the yeaf. we ujere thrilled to start a new collaboration with Great Ormond Street Hospital when we embarked on a 12 week project to deliver theraoeulic gardening sessions to inpatients from the hospital's rheufflatology departfflent. Our dedicated Under 5s play area and a(Jventure playground for older children sauj hundreds of children and young people each day make use of some of the best olayground facilities in London. We were also graleful lo see the (eturn of corporate volunteer days. boosled by our new corporate partnership programme. Connectin£ Futures. Over the course of the year. we saw teams from SKANSKA, NBCUniversal, Deckers Brand. Finecast and more take on a range of tasks. from the ref illing of our sand pits nd play areas. to repainting our three storey youth centre. The year a150 saw a surge in our cofflfflunity volunteers. wilh over 20 commilted volunteers regularly SUPPDrting our work. The re-design of our Lansdowne Terrace space ènd the conversion of our former chicken area into a Community garden. saw these previously neglected spaces, transformed into thriving community growing hubs. Our wildlife garden Our Community Hubs 294 hours of free space for local communlty groups 134 number of chlldren's partles hosted durlng the year Coram's Flelds Band and Gulde halls ère a vital hub for the local cornmunlty. provldlng free and 5ubsldlsed space for local charltles and voluntary groups, as well ès è space for local buslnesses. Oesplte the slow return of man¥ of our commerclal hifes, we were delighte(i to see the majority of communltll Partners fetuf n over the last year. Our halls have long provided parents with an affordable option for their children's parties. and tue were pleased to see many families return during the year. and are looking forward to a summer of parties across our halls and our outdoor Community café space. Our soaces also Ola￿ed hosl to a number of community events. The Charity. Helping Hands. returned for their monthly sessions p(oviding free food for the homeless. and we were delighted to host the Renaisi Afghan refugee event in July 2022. providing neujlw arrived Afghan refugees with access to much needed. free employment advice and support. In February 2022. the completion of our Guide Hall refurbishment project, led to the space having its first up£rade in well over 20 years, much lo the delight of the children from our Out of School Club. We also tuelcomed the return of the 8th Holborn Scouts. Guides and BrouJnie5 grouos. who between them. have made Coram's Fields their home for over a century. , Community, Services Sport for All Sports Development Programme 1250 - Hours of free sport for young people through our community sports programme 9 - School sports days hosted throughout the year 200 plus - Chlldcen per week from across London played In our Camden Youth League 5 Free football tournaments dellvered In partnershlp wlth London Youth 12 - Young people recelveqj I: I mentorlng as part of our school sports prografflme Corarn's Fields continues to offer some of the best sports facllltles In London. Durlng the ¥ear. our football pltches playetl host to 9 school sports days nd daily PE lessons. with pitches available for free for all Camden state schools and subsl¢JlseLI for local voluntar¥ groups. CAMDEN YOUTH LEAGUE tvou'hlp4y￿•o thnYwihlEawt Qur community sports programme was finally able to return to its full programme of delivery in Spring 2021. following the felease of COVIO restrictions. Our work in local primary school Argyle began back in Seotember 2021, delivering three sessions of targeted supporl week for woun£ people at risk of exclusion. those with special educational needs and disabilities ISENDI and VDung girls. We were particularl￿ pleased to see so many young girls get involved, ènd even rnore thrilled to see soffle of the 30 attending our school sessions take the step lo become regulars of Coram's Fields new Un(Jer l Os gir15 football team. )/ The development Df a new girl's seS5iDns for 13-17 Veèr olds, in collaboration ujith our Youth Programme. further extended our support for this cohort and saw the group develop their own piogramffle focussed on health and mental well-being. Community Services . Our free sports camps for 8-12 year olds orovided much needed respite for parents without takin£ on the financial burden of full-time holiday childcare. Alongside this. the return of our Saturday Youth Football lea£ue nd Under 16s league saw over 200 youno people week have the opportunity to plaw free comoelitive football at Coram's Fields. We were delighted to see the development of new collabDratiDns with New Horizons and Arsen31 in the Community. bringing the benefits of sport to new groups. through new sessions with young people affected by homelessness and amoutees. "Our sports programme also played a key role in supporting the newly arrived Afghan Community" Our sports pro£ramme also played a key role in supporting the newly arfived Afghan community in utumn 2021. delivering free sports sessions for around 40 young people every ujeek. qIILIO11 'w*... Community Services Inspiring the Next Generation Youth Programme 296 - Young people engaged durlng the year 49 - Young people secured employment In the year 524 - Hours of detached youth work delivered on local estates and community hang outs Our Youth Programme has become adept at developing creative ways of engaging young people lurlng the panclemlc, so desplte an Unwelcome return to More dlgitèl worklng at the slart of the Year. we were proud to malntaln a regular programme of support for young people. *y Our employment scheme sauj record numbers pick up new jobs. as post pandemic recruitment drives look hold. We were thrilled to see wet mDre success through our lauJ mentorship programme wilh Payne Hicks Beach. when our very own Alessia was appointed as a paralegal in the f irms Citizenship and Immigration Department. lost time. heading off to the Poetry Slam final at the Roundhouse and Kayaking al Pirate Castle being among the trips held during the year. Maintèining support for young people most at risk had remained our oriorily throughout the pandemic. In May 2022. we were delighted to see our report into Dur work with 14oung oeople affected serious youth violence published London's Violence Reduction Unit. providing invaluable insights into the benefits of a community based. public health response. The year also saw four of our young people win outstanding achiever awards from the Jack Petche Foundation, and five young people look the plunge off 160fl bungee jutnp on site, ra15ing over £650 for the Charity. An exhibition at the Welliome Trust in collaboration with the Resolve collective. saw young people desion and exhibit pieces of abstract art as part of the 'Rooted Beginnings. exhibition, and provided the perfect culmination to another busy year. "Four of our young people won outstanding achiever awards from the Jack Petchey Foundation" Our girls work also conlinued to thrive as we retufned to face to face group working, and we continued to buck outh work trends. with 41.5% of our attendees during the year being younE women. Young people were delighte(J to see the return of off- site trips in summer 2021 and we certainly made up for Community Services . Reducing Isolation and Connecting Families Under 5s D(op-In 12 average number of famllles uslng the Drop In each day 30 - average number of Afghan chlldren attendlng our weekly tacgeted Under 5s sesslons The reopening of our under 55 Drop In, In September 2021 was a 51gnlflcant mllestone for the Charlty as the last remaining service to open its doors following the pandemlc. The flnanclal Impact of COVID had resulted in plèns to close the service In 2020. but thanks to the furlough scheme anLI new support from the Pavl Hamlyn Fovndatlon. the 5ervlce was glven a last fflinute reprieve. Since opening its doors. we've seen an influx Df families using the space. coming together tD create new networks. make friends and intro(Juce thei( children to the benefits of a range of developmental pla opportunities. Ouf Orop In continued to provide a Safe, warm, and welcomin£ space for local families. In September 2021. we were cieli£hled to be able lo extend suoport to new Afghan families arriving in the UK. Initially running weekly sessions for around So Afohan parents.. the cievelopfflent of a partnership wilh Camden resulte(i in the delivery of 6hrs of specialist suoport a week for families living across three bridging holels close to Coiam's Fields. "Since opening its doors. we've seen an inf lux of f am ilies using the space. to introduce their children to the benefits of a range of developmental play opportunities" The end of the year brou£hl more good news. with the Paul Hamlyn Foundation agreeing an extension of their support. securing the service until Decernber 2023. lase Studv J's Story In 2016, aged 12. J started attending our Youth Programme The eldest of five siblin£s. four of whom ujere under the age of 9, J di(in't have much space to himself at home. so spent most of his time awa from home and at Coram's Fields Youth Centre. J'5 exam result5 earned him a place on a 2-year mechanics course. which suited his learning St￿le ffluch fflore. He Completed his Course in September 2021 and. unsure about what to do next. he reached out for employment SUPPDft and enrolled in Project 10110. where he learne(J about mental health and its effects on productivit￿ and focus. gaining tools lo overcome these issues himself. J struggled academically.. his AOHO made focussin£ in (1655 challenging and school was often difficult. Influenced by people on the streets. J was arrested for carrying a BB gun in a public place and faced the possibility of a criminal record. As 3 result, he was sent to Ireland to Stay with family for 6 months bul returned in his exam year. withoul a school in which to sil his exams. While accessing our employfflent supporl, an opoorlunity arose with one Df our corporate partners. Regents Place, and J was successful in pplying for 8 2 3 week gardening placement. Our youth workers provided support to help J set up a bank account an(i get everything in place ahead of starting his new role. The opportunity presented the perfect challenge and his harci work ouicklv progressed into a full tiffle job ujilh one of Regents Place's subcontractors. which notu sees J tuorking across 3 Central London Offices. mainlaining their outside areas. Coram's Fields Youth team worked tirelessly with J to ensure he was never left behind, including uJorking with his school to support him through his ADHO struggles. When he was arrested. tue supported him to ensure he avoided è criminal record and faced no repercussions on employment opportunities in the future. Upon hi5 return from Ireland. our employability worker liaised uJilh Camden's Education Welfare Service to allow J to sit his exams. without a school olace. Oespile the obstacles faced. J has achieved so much ujith the help of our VDUth team, ènd we couldn't be prouder. 66 The placement quickly progre55ed into a full- time job. which now sees J working across 3 central London Off ices, maintaining their outside area5 99 Community Services . All About Plav Out of School Club 524 - Number of free meals provlded for young people 351 O - Hours of ffee chlldcafe for referred chlldren 3645 - Hours of subsidised childcare for families on low Incornes Apfil 2021 was the fifst opportunity for our Out of School Club to run wlthout the Ilmltatlons of COVID restrictions. Cautiousness from parentslcarers meant that numbers femained felativel¥ low at the start of the year. but an upsurge from September 2021. saw numbers return, and summer 2022 hès seen a return to close to pre pandemlc levels. During the year. we were delighted to team up with the Young Camden Foundation's Holiday Activity Fund. lo provide children on free school meals with the opporlunity to acce55 sub5idisetilfree play provision ancj a free meal during the Easter and Summer holidays. for 14oung oeople lo tr￿ their hand at some circus skills and watch the artists perform their own sla£e show. In May half term. thanks to our neighbours al Bedford Estate5, our OSC joined forces with our youth and sports proErammes to head off on an all-expenses paid trio to WDburn $3fari Park. with some of our young people making their firsl ever trip out of Londonl De5Plte the financial challenges faced, we were proud to be able lo conlinue to offer high quality. accessible and affordable childcare for local families. Over 26% of our children receive(J free holiday scheme places. with further l 0% receiving free after school care. We were also able to provide much needed support fo( parents of children wilh disabilities. with 5 young oeople benefitting from free childcare support. "Over 260k of our chlldren recelved free holiday scheme places, with a further I OWO recelvlng fee after school care" In 2022. we also teamed up with Great Ormond Street Hospltal as part of their clean air day for local families. In August 202 2, we were thrilled lo once again showcase the value of play for children. working with local play provi(Jers to cjeliver a hugely successful national Play Oay event that Saw Dver 2.000 young people get invDlved in a range Df free activities from face oainting. to messi4 olay and theatre performance. Ouring Ihe year. the team continued to innovète to bring the wide ranging benefit5 of play lo Ih05e uje work with. Our continued partnership ujith the Flying Seagull performance company brought Ihe magic of the Stage nd circus to Corèm's Fields. and ujith it the opportunit -community Services Community Nursery 8 - Chlldren wlth speclal educatlonal needs. dlsabllltles and addltlonal needs attended during the yeac 19 - Chlldren recelved 15hfS Of more, free chlldcare 7 Chlldren with English not as their first language attended during the year Our Nursery remained open for much of the pandemic however, COVID restrlctlons and a year wlthout a full summer intake in 2021 meant that we faced challenge to get numbers bèck up to prevlous levels. Having lost some key staff In 2021. we were delighted to bring two new practitioners into the team In early 2022, desplte a dlfflcult recrultment market. With the netu èrrivals on board, we could get Dn with our first summer rec(uitfflenl drive free of COVID restrictions and we've been pleased to see a positive response from parents. Wlth numbers gradually increasing as we look ahead to the new autumn lerm. A higher proportion of children attending the Nurser had (iemonstrated speech and language delay, as result of the lack of soci3lisation durino the various lockdowns. "One young person with mobilitv delay was able to make his first journey across our playground on a balance bike within a few weeks of attending" Ouring the year. our children continued to benefit from the facilities available across ou( park an(i playgrounds. We were delighted to see one young oerson with mobility delay in particula( benef it from the space, when within a few weeks of attending the Nursery. he wès ble to make his first journew across our playground on balance bike. much to Ihe delight of the 51aff and his parenlsl Thanks to the Commitment of the leam and support from Camden's speech and language therapists. we've been able to support young people by delivering activities to develop their language skills. with manv nouj able to hold convefsations with their peers. Community Services . Social Enterprise Our Café Despite bringing our café In house in May 2019, It hadn't managed a full year's tradlng untll Ma¥ 2022. due to the impact of the pèndemic. The year also saw the trial of a new café catering offer and it was fantastic lo see the service exten(i its offer to provide catering for a number of children's parties and CDfpDrate volunteer days hosted in the year. the biggest of ujhich came in July 2022. when 80 emplowees froffl our neuJ coroor3le parlner. Finecast. joined us for lunch. Having used the pèrt time furlough scheme to provide much needed prDteclion during the peak of COVIO. the last year ha5 seen us adopt the opening hour5 Irialled during this time to deliver a more sustainable café offer. A full yea( of café ooening has coincided with the growth Df our community gardening volunteer network and with it. èn increase in opportunities to use and sell some Df the home grown produce in the café. alongside our honey produced annually from our bee hive5. 'It was fantastic to see the service extend its offer to provide catering for a number of children's parties" 20 Working Together, to Create a Greater Impact We know that we can't single handedly provide all the support that youn£ people need to thrive. Our cofflfflilmenl to developing ffleaningful partnerships and collaborations to deliver tangible outcomes for young peDple continued IhrDughout the year. Whether it's been connecting ￿OUng people to job opportunities through our corporate partnerships. or our role in coordinating responses to efflerging issues such as the Afghan refugee crisis. we know that working together delivers the best Dutcomes for woung people. Cam(Jen Council. enabled u5 to maintain our clinical mental health support at a time when woun£ people needed il mosl. ujhilst providing a safe space for theffl to come together as è group. The launch of our Connecting Future5 corporate partnership programme has seen us develop relationship5 across the business sector, from global media companies and large hosoilality chains to advertising agencies and legal firffls. Ouring the year. we were pleased to take on the lead role in Project 10110. our multi-agencw partnership supportin£ young people affected bw serious youth violence. The pandemii tipped many of the young people we work with into further crisis and left them struggling without the support structures that they have come to rely on. Continued close working with Camden and Islington NHS Trust ICANOII. New Horizons (Youth Homele55 charit￿). MAC UK and Each partnership has brought its Dwn unique benefits. We've welioffle(J hun(ireds of corporale volunteers to CDram s Fields to deliver improvement and fflaintenanie works on Site", uje saw further succes5 in our law mentoring programme when one of our woung people became a Paralegal for Payne Hicks Beach.. as well as seeing teams take on everything from bungee jumps and half marathons, to bake s3les, to raise vital funds for our work with children and young people. Measuring Our Impact We know the impact of our wo(k can't be measured using any one single tool A commitment to using range of qualitative and ouèntitative methods to caolure the need for and the impact of Dur ujork has played an important role in our success over the last year. Moreover. it h35 enabled us lo constantly evolve and adapt our services in response to the changing nee(Js of our young people. around how we share information. and we've been using the feedback to improve the way we communicate with all our parents and carers. Whilst the capturing of key data provided Dne Df the stronges1 indicators of our success during the year. the personal success stories of our young peDpIe. arguably provided the greatest insight into the journeys that Man￿ had been on and with it. the invaluable role of our sefvices in helping them èchieve their goals. Regular consultations and the involvement of young peoole in the ol3nnin£ and evaluation of our services ha5 enabled us to learn le550ns from our previous work. whilst making sure that young people are at the heart of shaping and designing the services that we provide for them. Over the ￿ear, uje've been delighled to see some of our young people extend their influence beyond Coram's Fields to shape the delivery of services across the local community. In 2021122. we were deli£hled to see 8 young people join Camden Giving 5 Future Changemakers orogramme to become oarl of their participatory grant making scheme. with young people resoonsible for making a range of grants to local iomfflunit4 organisations. In April 2022. è consultation with our Nursery parents demonstrated the value that thew olace on our Nurser being a safe. warm. and welcoming space for their children. But it also provided some food for thought Our Commitment to Safeguafjding We're cofflmitted to making sure Coraffl's Fields remains one of Ihe safest places fof children and VDung peDple in LDndon. Since inception. our park and playground5 have been a place ujhere a(iults can only enter with a child. Our oark is staffed at all times and an organisalion-wide approach to safeguartiing ffleans we undersland that pfotecling children and young people is everyDne's responsibility. able lo provide support for Voung people ujhen thev need it most. We also knouj that uje are only one piece of the jigsauj when it comes to protecting young people from harm. Our commitment to partnership and collaboration is critical in enabling us to share information effectively to protect VDung people and, as a truste(J partner. we are able to inforffl the decisions Ihal directl￿ affect the young people we work with. Our commitment goes beyDnd simply providin£ a safe physical space. although regular inspections and compliance checks in areas such as plawground equipment and of our 46 London Plane tree5, ensures we are just that. In addition. uje installed a neuJ CCTV system in èutumn 2021. improving safeguarding for ou( users, alongside our unique policy of adult5 only being alloujed to enter when accompanied by a child. Robust recruitment. induction and trainin£ ensures that all staff understand their role in safeguarding ouno people and è commilment to staff development nd reflective practice, enables us to creète an environment where Staff feel empoujererj to challenge and are open to challenge. We recognise the importance of our role in the lives of the young people we SUPPDrt and that by building strong and trusted relationships. uje ensure we are All our staff are subject lo enhanced DBS checks and re required to enrol with the OBS tracker service as part of their employment. 22 Basis for Preparation Coram's Fields is an unincoroorated charitable trust wilh a Corporate Trustee. Corèm's Fields Comoany Trustee Limited. The Directors of the Corporate Trustee are responsible for the Charity s governance. The Corporate Trustee presents its Annual Truslee's Report and the Financial Statements of the Charity for Ihe vea( ended 31 March 2022. The financial statement5 have been prepared in accordance with the accounting policies sel out in note I lo the accounts and comply with the Charity s Trust Oeed. the Charities Acl 2016 and Accounting and RepDrting by Charities." Statement of Recomfflended Practice applicable to charities preparing Iheir accounls in accordance ujith Ihe Financial Reporting Slandèrd applicable in the UK and Republic of Ireland published October 2019. History The Charitv Dccupies the site of the former Foundlin£ Hospital which Captain Thomas Coram established in 1759 to provide a home for (iestilute and abandoned children. The main hospital building was defflolished in 1926 leaving only the Geor£ian colonnaded buildings and lod£es which had enclosed the hospital forecourt and lawns. A public campaign was launched by local people and well-wishers to save the Foundling sile from proposecj commercial development and turn it into a children's playground. When suff icienl funds were raised and the land finally ècquired. the Foundling site was renamed CDram's Fields and the Harmsworth Memorial Playground and was officially opened in July 1936. Coram'5 Fields has (emained a centre for children and young oeople's clivities of all kinds ever since. The playground is located in the Kin£ s Cross ward of the London Borough of Cam(Jen. Objects of the Charitv The Trust Deed stipulates that the land shall be oreserved. developed and maintained in perpetuity as an open space for the welfare of children and young people. Purpose To have a positive impact on the lives of children ènd young people in HolbDrn. Kin£ s CrDSS. Bloomsbury and neighbouring areas. We do this provi(iing a safe haven for play and a stimulating range of programme5 that supporl the cognitive, physical. social and emolional develoomenl of children of all ages. Vision We will be the go-to place for local families. children and youn£ peoole. widely known for the outstanding qualilv of our facilities and Services. the diversity of our programmes and Dur responsiveness to the neecjs of Dur community. 25 Our Values The Charity s work is underpinned è set of core values thal ensure its integfity in oursuit of its core mission, whilst also providins a clear framework for the development of the organisations. work in the short. medium and long ter(n. Our parafflount coniern is for the Safely of children and young people and of our users. Inclusion.. We 51rive to ensure that Coram's Fields, and the services that it offers. are eoually accessible to all the children and young people of our comfflunitv. Partnership." We constantly seek to gain grealef understanding of the strengths and the potential of individual users and their communities. and lo work with them in conlinuallw improving the services that we Dffer. sustainabilit￿.. We aim to deliver consistently good value for money and to use our resource5 in ways that benefit existing users without compromising Ihe well-being of fulure generations. We are comfflilted to ffleasuring the impact of our work and aclively encourage users and the local community to hold u5 to account for our stewardship of Coram's Fields Public Benefit The Directors of the Coroorale Trustee confirm that it has referred lo the Charity Commission's Euidance on public benefit ujhen reviewing the Trust's aims and objective5 and in planning future activities. The Directors of the Corporate Trustee ensure that the charitable purpose and aims of the Charity, are carried oul for the oublic benef it by delivering services lo any and all children and young people who visit Coram's Fields. The structure of the Charity s Annual Trustee's Report allows the charit￿ to report each year on the core services that the Charity delivers. Achievements and Performance The last ￿ear has seen us successfully adapt and re-build our programmes and services to meet the needs of local fafflilies. many of whoffl have been severely impacted by Ihe pandefflic. Alongside our services, our park, pl3￿grOund. sports facilities and Communit￿ spaces continued lo provide an invaluable resource in supporting children and young people's fflental and physical wellbeing, as well as a safe space for families to connect, rebuild old friendships ènd create neuJ ones. During the yea(. we worked with over 3,000 young people through our prografflmes an(J services alone. Our park and playground played host to a number of community events. attracting over 5.000 people between them. Desplte the financial challenges faced, we also continue(i to invest in our Community spaces, inclu(iing a £75,000 refurbishment of our Guide Hall community space and the re£eneratiDn of some of our green spaces. thanks to a growing and committed number of community volunteers. 24 Financial Review With much uncerlainty remaining at the beginning of the year. following the third national lockdown. we found ourselves once again facing significant financial challenges. An existing multi-year grant from the Oak Foundation. alongside suoport from the H52 fund, meant our community sports prografflme slarle(J the year fully fun(Jed. The forced curtailment of some of our service delivery in the previous year. meant we uJere able to carry forward some unspent funLling inlo 202112 2 for Ouf U55 provision (funded Paul Haffllyn) and for our youth Services Ivariou5 funders). providing vital continuity of our community programmes. As uJe moved through the year. fufther successes provided stability for our youth orogramme. We were delighted to build relalionshios ujith sever31 new funders. with the Foyle Foundation investing in our wouth arts and music provision. and St Jaffles, Place Foundation confirming Iwo year's fun(Jing towards our Senior Youth Worker post. We were also grateful for continued suoport from St Andfew Holborn. Tom Ap Rhys Trust and The 83lcombe Trust. Closing the bu(iget deficit on our unreslricte(i income though was always gDing to be our greatest challenge. Despite the lifting of (estrictions. numbers attending our Nursery and Oul of School Club uJere not expected to. nd in the event did not. return to full capacity. Whilst income for these services in 2021122 was significantly up on 2020121. there remains some way to go for income to reach p(e-pandemic levels. The previous year had seen the furlough scheffle, a public fundraising campaign and emergency COVIO grant5 protect us from the short term financial impacl of the pandefflic. There was therefore concern that fflan￿ fundefs had exhausteci their SUPPDrt and thèt 2021122 could be even more challenging for the Charity. However, further emergency grants from the Oak Foundation. alongside new. multi-year core cost Support froffl Garfield Weston nd JDhn Lyon's brought much needed breathin£ space. and provided time to re-build our commercial income and diversify our funding base. The launch of a new corporate partnership programme, Connecting Futures in 2021, brought invaluable neuj investfflenl. wilh eight founding members joining the programme. contributing to £56K of neuj income and opening up a hDSt of opportunities for our VDung people. The year also saw us trial some new challen£e events. In summer 2021 we teamed up with the UK Bun£ee team to tieliver a 160ft bungee on site. 16 fundraise(s took part in Iwo events during the year. raising a total of just under I l 0.000. We were also incredibly grateful for the phenomenal efforts of the parents and staff at the Hall School in North Loncjon. Following a nomination to be one of the schoDI's annual Charity partners, è 75 strong team took on a triathlon at Blenheim Palace. raising nearl¥4 £18.000 for our work ujilh young people. With Ihe impact of COVID restrictions and a focus on emergency support. the development of our Major Donor programme Ilhe Patron's Circlel has slowed over the last year. We were though incredibly £rateful for the IDntinue(J SUPPDrt of our existing PatrDn5, many of whoffl had also pledged addilional support tiuring our emer£ency campaign in 2020. 25 During the year, we continued to cornmil to a number Df improvement Works across our community spaces. A £75K grant from Groundujork UK enableo us to comolele the refurbishment of our Guide Hèll. We were also thankful tD local councillDrs who provided E 70K of funding for essential rDof and timber repair ujork across our Grade11 lisled buildings with work due to take olace in late 2022. Overall, as the Charity continued to fecover from the effects of the pandemic. total income ènd exoenditure fo( 202 1122 increased over 2020121 by 27% and 18°b respectively. which combined lo produce net income of £41.584 before the pension revaluation 12021.. net expenditure of £83.4151. Net unrestricted income was £64.090 before the pension revaluation [2021.. net unreslricted expenditure of £145.595). net income on restricted revenue and capital funds was E 29.778 12021.. E 114.4641 and the depreciation char£e on endowment funds was £52.28412021.. £52.284) Together with actuafial gains on the defined pension scheme of £393,000 12021.. losses of £456.0001 the Charity's total funds increased by £434.584 12021.. decrease of £519.415). Once again. this demonstrates the Charity's exposure to the unpredictable results of the annual pension valuation required by FRS 102. Total Funds and Free Reserves Position The Charity holds IDlal funds of E2,395,402 at 31st March 2022 12021.. £1.960.8181. Of these funds, £1.638.973 12021.. £1.691.2571 is held as oerfflanent endowment. representing the original cost of the land and buildings. held in Trust. plus additions and improvements. less accumulated depreciation. Restrlcted funds, not avèllable for the general purposes of the Charlty, are: Capital funds of £47.08012021.. £38,517) restricled to expenditure on planned future capital works., anti Revenue funds of £224.955 12021.. £203,7L401 covering programmes where income has been received in advance of projected expenditure in the next financial year, or where unspent funding has been carried over, because some activities uJere not able to be fully delivered due lo the imoact of the pandemic. The Charltv's unrestrlcted funds carrled forward at the end of the year (free reserves1 compr15e: General funds of £894,937 12021. £735.0771. The designated fixed a55et fund of £81,g82 12021.. Eg8,752) representing the net book value of the Charity s tangible fixed assets which can only be realised by disposing of those assets. A premises refurbishment fund of £57,395 12021.. E57.5951 maintained the Directors to improve the Charity s historic grounds and buildings. A negative pension reserve of £589.000 12021.. [903.0001 An unrestricled legacy of £39.080, (eceived in 2020-21. Reserves Policv The Directors of the Corporate Trustee review their reserves policy annually and consider that 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 for the following year. The reserves policy is reviewed with consideration to Ihe principal risks facing the Charity. the likelihood of these risks materialising and the f inancial impècl thèt this woul(i have Dn the Charity. At 51 March 2022. the general fund position of E894.937 IbefDre takin£ into account the lon£ term pensiDn liability of £ 589.0001. repiesents just over 8 fflonlhs of current forecast operaling expencjiture from unrestricled general funds for 2022123. With the Charity still facin£ significant financial challenges and uncertainties over the coming months. the Directors believe that the current level of general reserves is appropriate and necessar within the context of the overall reserves polic￿. 26 Pension Liabilitv The Charity operates a defined benefit pension scheme, eligible to staff employed before May 201 S, as a member of the London Pensions Fund AuthOrit￿'S multi-employef scheme. An alternative defined contfibution oension scheme with Friends Life is open lo all staff used for auto-enrolmenl. The actuarial valuation of Ihe LPFA pension fund in accordance wilh FRS102 at 31 March 2022. coffloleled in May, resulted in a E314.000 reduction in the Charity's share of the pension scheme's liabilities to E589.000 12021 .. £468.000 increase lo £903.000). From 2020121 onwards the monthly emplower contributions rale was increased from 19.3% 10 25.3% of salary. The triennial valuation is currenllw underway with the actuaries reporting on ar1￿ changes to contribution rates in March 2023. to lake effect from April 2023. The Directors of Ihe Corporate Trustee are aujare that, in common with final salaiy pension fun(i5 acioss the oublic and voluntary sector. the liability changes significantly ffom year to ￿ear. The Directors and their professional advisers will continue to monitor the situation and consider the provision which needs lo be made. Going Concern In order to assess whether the Charity is a going concern, the Oireclors have considered the final accounts for 2021122. the most recent forecast for 2022123, an indicative budget for 2023124 and the resulting anticipated reserves position at the end of Mèrch 2024. In fevietlling these forecasts. the Directors have examined the underlying assumptions. particularly in relation to the pefformance of our income generating activities and consider that thefe are no other reasonable material uncertainties. The Charity has sufficient unrestricted general reserves to cover projected losses lo March 202U and sufficient funds lo be able to settle financial oblig3tlDns as they fall due during this period. The Oirectors believe thèt the immediate futu(e of Ihe Charity is secure fo( at least Ihe next 18 months and that on this basis the Charity is goin£ concern. Fundraising During the year. Coram's Fiel(is employed a full time Fundraising Manager. This person conslituted the principal fundraising resource for the charit￿ and along with the CEO. was responsible for overseeing 311 fundraising ctivity in the year. During April and May 2022. the charity employed a freelance fundraisef via an agency to bridge the gap ujhilst we recruited for è new Fundrèising Manager. No professional fundraisers ujere appointed to carry oul f undrèising activity on behalf of the Charity. Corèm's Fields used online plètforms during the veèr to support its fundraisin£. these included.. Just Givin£ and Committed Giving. The Charity di(J nol raise any funds through a cofflmercial participator. Coram's Fields refflaine(i a mefflber of the Fundraising Regulator and our funtiraising practice5 throughout the year were compliant wilh the Code of Fundraisino Practice. Direct fundraising reque51s to individua15 in the year were largely limited to online campaigns and thrDugh events an(i the Charity did not carry out any streetldDor ID doorllelephone fundraising. To ensure that the charit￿ p(olects vulnerable people anol olher members of the public in the course of our fundrèisin£. we regularly review our fundr3isin£ practices. The Charity received no complaints during the year in relation to any aspect of its fundraising. 27 Principal Risks and Uncertainties The Directofs of the Cofpofate Trustee confifm that Ihe major fisks to which the Charity is exposed have been identified and revieujed and systems established to mitigate those risks. The risk management review considered risks under the headings of Governènce. OperatlDnal. Financial and External risks to the or£anisètlDn. and the control procedures in olace. which include internal procedures and inspection by external agencies such as OFSTEO. The followlng are consldered to be the prlnclpal rlsks fof the Chaflty for the year ahead- 5afeguardin£ The risk and implications of safeguarding incident occurring. Mitigated bil a clear and robust safeguarding policy. effective dissemination, and training for all staff. Health and safetw Risk and implication of any ohysical injury to staff and usefs. Addre55ed registration with regulatory bodies. re£ular health and Safet￿ checks. robust staff training pro£ramme and appropriate insurance cover. The risk of further deterioration lo the fabric of our buildings. facilities and estate. Mitigated by securin£ further investment in improvement Luorks from funding bodies. pro borlo supporl. (Jiversificétion of unrestricted incoffle and the development of more robust maintenance syslems and processes. The current cost of living cris15, Its impact on people's disposable income and subsequent impact of this on income genefaled through our fee payinglcommercial services. Mitigateci by regular review of fee based services. effective marketing, an(i profflotiDn of services to maximise incoffle The rise in pfoduct and service costs as a result of the cost of living crisis, and its impact on our general fun(J expenditure. Mitigated by carryin£ out cost comparisons. competitive tender orocesses Iwhere aporopriatel nd specifically working with broker5 to lock in lower rate energy c0515. The challenging recruitment market Ibeing an employee favoured markell and Ihe Charity s ability to retain existing staff and recruit new staff into key positions. within the financial constraints that the Charity ooefates. Mitioated by regular (eview of employee benef its. career development ooportunities and effective and targeted recruilmenl, including the use of recruitment agencies where appropriate. Fundraising Unsatisfactory retufns from fun(Jraising activitw to address gops in projected income. most notabl￿ gaos in our unrestricted income. Addressed bw regular review of fundraisin£ strategy and perforfflance. Pension The imolications on Coram's Fields with regards to its oension deficit. Factors Affecting Future Financial Performance The Oi(ectors are aujare that uJhi15t the pandemic is no longer affecting the services uje ale able to (Jeliver. the next year will continue to be 3 re-buildin£ process. The Oireclors also reco£nise that the current CDSI of living Iri515 15 having a signifiiant impact on many of the families that use our services and that limitation5 on disposable income. maw result in a reduced uptake of Some of Dur fee paying services. and greater demand on our free services. The Board and the senior team tuill need to monitor closely. the performance of the Charity s fundraising and core income streams in the short to mediuffl term. and will need to regularly review 51rategic plans, to ensure the Charity can meet its future commitments and maintain the park and playground for local families. without compromising its financial sustainability. The OirectDrs èlsD continue lo monitor closely the funding options for all prDgrammes. They are mindful that the current core suoport in place from Garf ield Weston and John L¥4ons provides much needed financial protection but that the period of funding must be used lo further diversify and £row fundraising in other areas. 28 Towards the end of 2021122. the Charity began a process of consultation in relation to proposals to improve the management and maintenance of its park and buildings. Whilst Ihe process is nearing its conclusion, the Directors recognise that there remains some Uncertaint￿ around the impact of changes over the next year. The budgel for 202 212 3, was prepared in March 2022 by the CEO. revieweLI by the Finance sub-cofflmittee anLI presented to Trustees for approval at the Board meetin£ in March 2022. It Was based largely on committed income and ujas therefore relatively caulious. projecting èn unreslricted deficit for the year of £159.632 before aCCDunting for annual depreciation and pension charges. The Dlrectors conslder the major factors affecting future financial performance to be: The continued growth of our coroorate partnership programme Iconnecting Futures). to provide a more sustained income base for the Charitw. alongside pro bono support lo offset existing costs. Our ability to generate income through hiring out our hèlls when not used for service delivery as uje have lost some significant bookings. with 2022125 income projected lo be less than half of pre pandemic levels. Our abilitw lo as a minimum. maintain income from our Sports pilches at 2021122 levels Continued recruitment lo our Out of School Club prograrnme, to bring terrn time holiday scherne attendance back to pre-pandemic levels. Iri turn generating a small surplus Io suppo(1 the ujider Charitv Recruitment of neuj children to our Nursery in September 2022 and Ihroughoul Ihe academic year. alongside the successful recruitment to vacant practitioner posts to reduce expenditure through agency use The successful development of new funding relationships and steuJèfdship of exisling funders to support the delivery of our Youth. Sports and Under 55 programme and in oarlicular. Dur ability lo deliver a full cost recover￿ model for all our funiied 5ervice5 Ihrough appropriate allocation of central c0515. Maintaining and where oossible growing income through our major donor programme, the Patron's Circle The development of indivi(iual giving iampaigns throughout the year and Ihe subsequent increase in Dur pool of regular donors. Challenges in recruiting to vacant posts and the subsequent financial ifflpact of using short term and more expensive agency cover The regular review of the Charily s cost base and the successful implementation of efficiencw savings across the o(ganisation The successful delivery of a f Inanciall￿ sustainable café service Opportunitie5 to increase earned income through park hire5 and collaboration Uncertainty over the pension liability Plans for the Future Over the next year, our core priorities will be= Physlcal space: To improve the management and maintenance of our building5 and facilities. through the review and development of Dur systems and processes. brin£ing new skills into the team and an investment in quality training. development an(i mentoring. TD deliver a number of specific capital ifflprovefflent projects, including essential roof and timber works across the site and the planned refurbishment of our sports changing room facilities. To begin work on developing designs for the refurbishment of our Under 5s play area. 29 Services- To regularly (eview our services to ensure thal they continue to ffleet the needs of our existing users. To idenlify groups not currently accessing our services. to undersland the reasons for this and to develop orogrammes in response to the needs of these grDUPS, through direct (ielivery and working in collèboratlon ujith our community parlners. Fundralslng: To work with existing and neuJ funders to secure investment in our ￿OUth and soorts programffles bewond the current funding comfflitments. To grow mefflbership of our corporate partnership p(ogramme, Connecting Futures. and lo maximise the f undraising potential of our existing Connecting Futures members to deliver a more 5U5tainable incoffle SDUlCe for the Charity. To review and improve our prDgrafflme Df stewardship for our fflajDf dono( programme. The Patron's Cifcle, and to build on the programfnes cu(renl membership bose. To Identif￿ and secure funding lo deliver identified capital improvement works across the site and specifically lo begin work in developing fundraising plans for the proposed redevelopment of our Under 55 pla￿ area. Commerclal revenue: To closely monilor the performance of our commercial income streams. To develop the marketing and Pfomotion of all commercial services. including Dur facility hire and café. lo maximise the revenue generated from these. To regularl￿ review the performance of fee paying services (Nursery and Out of School Clubl to fflaximise the income generated in support of the wider Charitw. Impact measurement: To continue to improve our systems and processes for measuring the impact Df Duf Work. To maximise the functionality of our online dalabèse VIEWS.. Subslance. to review our theory of change model for our youth programme and where possible to carry out independent evalu3tlDns of our Work to support our understan(iin£ of the impact uje have and to inform our future plans. To furlher efflbed young people'5 involvement in the development of services. building on our young people led culture. through regular consultation and youn£ people's forums. Structure, Governance and Management Cofam's Fields is an unincorporate(i charitable trust wilh a Corporate Trustee, Coram's Fiel(Js Company Trustee Limited. The Oirectors of the Corporate Trustee èfe responsible for the oovernance of the Charity. The Trust Oeed dated 12 Oecember 1935 and subsequently updated by Deed of V3riatlDn 7 September 2016. is the Charity s constitution", il stipulates thal the site should be hel(J in trust in perpeluity to provide an open Space. primaril￿ in connection tuith the education and recreational needs of children and youn£ people. The premises of Coram's Field5 are treated as a permanent endowment. Organisational St(uctu(e The DirectDf5 of the Corporate Trustee meet bi-monthly. A Finance sub-committee ensures that the Board has suff icient oversight of the Charity's financial activities. It is a requirement of the Articles Ihat è minimum of two Directors are parents or carers Df children or young people who currently use our services. Presently, the Chèrity has three Directors that meet these criteria. The Chief Executive, who 15 a150 Secretary to the Trust. has respon5ibilily for implefflenting the policies of the Corporate Trustee. dealing with the day-lo-daw runnin£ of the Charity and ensurin£ that agreed performance targets are met. 30 Recruitment and Appointment of Directors The Boafd establishes an appointments sub-committee to oversee the recruitment of new Oirectors. Coram's Fields is committed to eouality. diversitw and inclusion and new appointments are made through open recruitment. We welcome applicalions froffl all section5 of the communit￿, from a diverse range of backgrounds. We strive for our workforce including our Oirectors lo be representative of Ihe communities that we serve and uje know that greate( diver51ty will lead to even greater results for the families and children we ujork with. Directors Induction and Training New Oirectors are invited tD VlSIt Coram's Fields tD meet the Chief Executive for an introductlDn to Coram's Fields ujhich 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 Oifectors are provide(i with a copy of both the NCVO 'Good Trustee. Guide and the Charity Comffli55ion's 'Essential Trustee. Guide. Frequent opportunities are provided for the Board lo visit Coram's Fields and lo gain a more in-depth experience Df what is provided. Remuneration of Key Management Personnel The Difectors consider the Board of Directofs ènd the Senior Management Team as comprising the key management oersonnel of the Charity in charge of Oirecting and controlling the Charitw and running and ooerating the charit￿ on a day to day basis. All Directors give their time freely and no Director reffluneration was paid in the vear. Delails of key management personnel expenses and related partw Ir3nsactions are disclosed in noles 9. 11 and 12 of the accounts. The pay Df the Charity's Chief Executive and other members of the key managefflent team Is reviewed annually in accordance wilh average earnings ac(oss the voluntary sector. In vieuj of Ihe nature of the Chèflty and its economy of operations. the Board of the Coroorate Trustee considers that a multiple of up to three times the ffledian average Salary for UK employees is appropriate for the role of Chief Executive. The remuneration is a150 bench-marked with charilie5 of a similar size and aclivity to ensure that the remuneration set is fair and not out of line ujith that generally paid for sifflilar roles. Oirectors are required to disclose all relevènt interests and register them with the Chief Executive and in accordance with the Trust's policy ujithdraw from decisions where a conf lict of interest arises. Co(am's Fields Sports and Recreation In May 2021 a new independent Charitable Incorporateci Organisation ICIO Registereoi charity number 11945121. Coram's Fields Sport and Recreation ICFSRI was set up. Two of the three founding Trustees of the CIO are existing Oi(ectors of Coram's Fiel(Js Corpoiate Trustee. alongside a third independent Trustee. A lease arrangefflent for the 5port5 Pltches between Coram's Fiel(Js and CFSR comfflence(J on I st June 2021 and the lease runs lo 31 st March 202 4. This arrangement enables CF5R to receive income from the use of the sports pitches, whilst paying rent, reimbursing related costs and awarcjing a grant from surpluses arising to Coraffl's Fields. Full details of the transactions uJilh CFSR, including a grant of £75.000 in March 2022 are sel oul within the financial statements. Reference and Administrative Details Reglstered offlce and place of buslness 93 Guilford Street. London. WC I N I DN Reglstere(i Charlty number 302963 Governlng document Trust Deed dated 12 December 1935 Presldent Tamara Gray Corporate Trustee Coram's Fields Company Trustee Limited Icompany Registration number 09001024) Olrectors of the Corporate Trustee Craig Mcwilliam (Chair) Charlotte Robinson (Vice Chairl Michael Horowitz ITreasurer and Finance Committeel Martin McNeill IFinance Committeel Gudrun Wolff (Finance Committeel Toni McDermott IFin3nce Committeel Charlotte Lamont Chloe Mackèy IResigned 26th 20211 Chlef Executlve Stuart Woocjs Bankers Lloyds Bank 344 Grays Inn Road London WCIX8BS Audltors MHA Maclntyre Hudson 6th f loor, 2 London Wall Place, London, EC2Y SAU Sollcltors Edwin Coe Lincoln's Inn 2 Stone Buildings London WC2A 5TH 32 Statement of Trustee's Resoonsibilities The Direclors of the Coroorète Trustee are responsible for preparing the Report and Ihe financial statemenls in accordance with aoplicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). The lauj applicable to charities in England EJ Wale5 requires the Oirector5 of the Corporate Trustee to pfepare financial statements for each f inancial year which give a true and fair view of the state of affairs of the Charily nd the incoming resources and application of resources of the Charity for that perio(i. In prepèrlng those flnènclèl statements. the Dlrectors of the Corporate Trustee ère requlred to: Select suitable accounting policies and then apply Ihem consislently.. Observe the method5 and principles in the Charities SORP., Make judgements and estimates thal are reasonable and prudent.. Stale whether applicable United Kingdom aCCDunting standards and statements of recommended practice have been followed. subject to an￿ malerial departures disclosed and explained in the financial 5tatements'. and Prepare the financial statements on a going concern basis unless it is inappropriale to presume that the Charity will continue in operalion. The Directo(s of the Corporate Trustee are respoftsible for keeping oroper accounting fecords that disclose with reèsDnable accuracy al any lime the financial position of the Charity and enable it tD ensure that the financial statements comply with the Charities Act 201 i. the Charity (Account5 and Reports) Regulélior)$ 2008 and Ihe provisions of ils Scheme. It is also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection ancj prevention of fraud and other irregularities. Auditors The ChafitV'5 auditor5 MHA Maclntyre Hudson have indiiated their ujillingness to continue in Dffice and offer themselves for reapoointment. This report Wa5 approved on 27th Septefflber 2022 and signed by.. stuart Woods Chief Executive Michael Horowitz Oirector Ion behalf of Corpocate Trusteel 35 Auditor's Report 34 AuditOf'5 Report Independent Audltor's Report to the Tfustees of Cofam's Flelds Ev The Harrnswocth Memorlal Playground Opinion We have audited Ihe linoncial stalements ol Coratn's Fields & The Harmsworth Mefflorial Playground Ithe 'Ch3rity'l for Ihe year ended 51 March 2022 which compfise the Staternenl ol Charilable Aclivities. Ihe Balance sheet. the Slaternent DI Cash Flows and the notes lo the financial slatements, includin£ a sumrnary ol significant accounting policies. The financial reportin£ framework that has been applied in their preparation is applicable law and Unite(J Kingdorn Accounting 51and3rds. inclu(Jin2 Financial Reporting Standard 102 The Financial Reporting standard applicable in Ihe UK ènd Republic ol Irelènd Iunited Kingdom Generally Accepted Accounting Practicel. In our opinion thè linancièl slalemenls-. give a true and fair view ol the slate DI the Charity s affairs as at 31 March 2022. and of ils incoming resources ancj application or resources. including ils income and expenditure lor Ihe year then ended-. have been pioperly prepared in accordance with Uniled Kingdom Generally Aciepted Accounling Préctice.. and have been prepared in accordance with Ihe requifemenls of the Charilies Act 2011. Basis for opinion We conducted our audit in accordance with International SlandafL*s on Avdiling IUKI (ISA5 IUKII anLI applicable law. Our re5ponsibililies under Ihose standaf(Js ère lurlher described In the Audifof's responsibilities for the au(Jil of the financial statemenls section ol our fepofl. We ère independent of the Chèrity in accordance with the ethical requirements that are relevènt to our èudit ol the financial statements in the UK. including the FRC'S Elhicèl Standèrd. ènd wè havè fulfillèd our other elhicèl rÈspon%ibilitiès in accordance with these reouiretnents We believe Ihal the audil evidence we have obtained is sufficienl and appropriate lo provide a basis for our opinion. Conclusions relating to goin£ concern In auditing Ihe financi815tatements, we have concluded that Ihe Truslees. use of the going concern basis of accounting in the preparation of Ihe financial stalefflents is appropriate. Our evaluation ol the Iruslees. a55essmenl ol the enlily s ability lo conlinue lo adopt the going concern basis ol aCCDunling included critical reviews ol budgets and forecasts provided. Based on the work have peilormed. hav@ not identified material uncÈrt3intie5 relating to events or conditions thèt, individuèlly or collectively. may cast significant doubt on the Chaflty s ability lo continue as a going concern for a period of at least tujelve fflonths froffl when the financial staternents are authorised fDr issue. Our responsibilities and the responsibilities of the Trustees with respecl to going concern ère described in Ihe relevant sections DI this report. other information The trustèes are responsible lor the other inlDrmation. Thè other inlormètion comprisès the informètion includèd in the trustees. annuèl reporl, other than the financial slatement5 and our audilor's report thereon. Ouf opinion on the financial statements does not cover the other inlorrnation an(J. except to Ihe extent otherwise explicitly slated In our reporf. Lue do not express any form of assurance conclusion thereon. In CDnneclion with our audil of the financial slatemenls. ou( fespDnsibility Is to read the other inlormalion and. in doing so. consider whether Ihe olher information is materially inconsislent with the financial statement5 01 our knowledge obtained in the audil or otherwise appears to be fflatefially tnisstaled. If we identify such fflaterial inconsistencies or apparent material misstatements, we are required lo determine whether Ihefe is a material misstalefflenl in the financial slatemenls or a rnatecial fflisslatement ol the othef information. If. based on Ihe work we have performed, we conclude that there is a material misstatement of this other information. we are required to report that fact. We have nothing to rèport in this règard. Matters on which uje are required to report by exception In the light of our knowledge and underslandino of the Charity and its environment obtèinÈd in Ihe course of the oudil, we have not identified fflatefial ffli551aletnents in the Trustee5' Report. We have nothing to ieoort in respect of the following matle15 where the Charities IAccovnt5 and Report) Regulations 2008 reovires US to report to you il, in our opinion.. the inlormètion given in the Trustees, Reporl is inconsistent in any material rèspect with the financial statements.. Dr suflitient accounting rècords have nol been kept., or 35 AuditOf'5 Report the financial 5t3tefflents are not in agreetnent with the accounling recoids and r8lurn5'. or we hève not received all Ihe inlofmalion an(J explènations wp require lor our èudil.. or Responsibilities of trustees As explained fflore fully in the tfuslees. responsibilities statement set out on page 35. the trustees are responsible for the preparation of the financial 5t3tefflents and foi being salisfied that they give B true and fair view. and for such internal ionlrol 3s the IfU5tees Oetermine 15 neiess3ry to enable the prepèrèlion ol financial stèlements that are Iiee from material misstatement. ujhethef due lo fraud or errol. In prep3ring the financial stat8rnent5, the trustees 3re responsible for a55e5sing the Ch3ritV s ability lo continue 35 3 going concern. disilosing. a5 èpplicable. fflatter5 re13ted to going IDniern and using thE going contern bèsis ol actouTrling uTrle55 the truslee5 either intend lo liouidate Ihp Ch3rity or to cease operations. or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the f inancial Statements Our objeitlVe5 are to obl3in re3son3b18 3S5Ufance about Luhether Ihe financial 513tefflents as a whole are free froffl tn3leri31 tnis5tatefflent. whether due to fraud or eflof, and lo issue an auditor's fepofl that includes Ouf opinion. Reasonable assurance Is a hish level of assufance. but Is not guarantee th3t an audit conducted in accord3nce with ISAS IUKI will alway5 detect 3 fflateiial tni5st3tement Luhen it exists Misstatements can arise frorn fraud or eiror and are ion5idered fflateri31 il. individually or in the aggresate. they (Duld reasonably be expeited to influence the eionotnic decisions of usefs taken on the basis ol these financial statements. Irregularilies. iniluding fraud. are in5tanies ol non-iomplianie with laws and regulations. We design proceduies in line with Dur responsibilities. outlined above, to detect material fflisstatements in respect of Ifregularities. inclutling ffavd. The specific pfoceLlufes for this engagement and the xtent to which these are c3p3ble of delecting irregul3rities. including fi3ud is (Jet3iled below.. Enouiry of rnanasement and those charged with governance around actual and potential litigation and clairns-. Enqviry of entity staff in finance and tax compliance functions to Identify any instances of non-compliance with laws and fe£ulation5', Perfortning audil work ovpi the iisk ol tn3nagefflenl overiide ol contro15. iniluding testing of journBI entries and olher adjustfflent5 for aPPlDpriateness. evaluating Ihe business ratlDnale ol sisnilicanl transactions oulside the normal course ol business and reviewing significant ciounting estifflates lor bi35. Reviewin£ minutes ol meetings ol those chafged with iovernance during the year and PDSt year end-. Reviewing financial staternent disclosuies ènd testing to supporting documentation to assess compliance with applicable laws and regulalions. Betause of the inherenl limitètions of èn audil. therè is a risk Ihèt we will not detect èll irregularities. intluding those leading to è mèterial misslalemenl in the financial slalemenls or non-cornpliance with regulalion. This risk Increases the more that compliance with a law or regulalion is retnoved Iioffl events and tr3n53Ction5 refleile(J in the financial 5t3tefflents. as will be less likely to becotn8 3w3re ol in513nce5 of non- Compliance. The (Isk is also £featei regarding Irregularities occviiing due lo Iiaud rather than erfor. as fraud involves intentional concealment. forgery. collusion. omission of misrepresentation. A further description ol our fesponsibililies loi the èudit ol the financial statements is located on the Finèncièl RepDrtini Council's website at-. https-.Ilwww.ffc.org.uklOuf-WoiklAvdillAudit-and-assurancelSlandafds-and-guidancelSlandards-and-guidance-lof-auditofslAudilors- respon5ibilities-for-avditlDesciiption-of-3vditors-iesponsibilities-for-8udit.35px. This de5ciiplion forms part of our auditor's feport. Use of our reoort This repoil is made solely to the Chafity's Tfuslees. as a body, in accordance with Part 4 ol the Charities IAccounts and Repoftsl Regulations 2008. Ovf auLlit work has been unLlertaken so thal we might state to the Charity's Trustees those matters we afe required to Stale to them in an aVLlilor's ieporl èn(J lor nu other purpose. To the fullest extent permitte(J by law. we du not èccept or assume fèsponsibility to ènyone other thèn the Chèritv nd Ils Truslees. as a body. for our audit Wofk, fof this report. of lof the opinions we have formed. MHA Maclnlyre Hudson Chartered Accountants Statutory Auditors London 03le. 30 November 2022 MHA Maclnlyre Huoson are eligible ID act as auditors in leims of section 1212 of Ihe Companies Act. 36 Financial statements 57 Coram's Fields and the Harmsujorth Memorial Playg(ound statement of Financial Activities For the year ended 31 st March 2022 UNRESTRicfED FUNDS RESTrICTED FUNDS £NDOWMENT FUNDS TOTAL FUNDS TOTAL FUNDS Revenue Projects 2022 Capltal Proleds 2022 Note 2022 2022 2022 2021 Incorne from.. Oonations. grants and legacy Charitable attivities Other tradin8 activities Investments 548.513 469.207 571.274 250 422.730 148.037 1.119.280 469,207 571.274 250 1.163.869 341,655 199.719 661 Totsl 1.589.244 422.730 148.037 2.160.011 1.70S.g)4 Emptndlturt on: Raisin8 funds Charitable activitie5 Park & playground Café VTrder 55 ser¥ice5 Nursery Out of School club Sports pro8ramme Youth programme Total charltsble aCt￿tIeS 67,935 2,169 73.104 6S.232 681.370 70,138 10.28S 391.541 170.361 59.731 73,793 1.457.219 39.888 139.474 16.312 1,808 1.056 11,775 5,459 6.131 7,574 50.115 877.044 73.946 33.122 403.316 175.820 200.381 281.694 2.04S.323 634.673 21.781 34.365 411.988 159.114 187.179 296,768 1.724.087 134.519 2C(1.327 398.51S 139.474 Total 1.525.154 401.515 139.474 52.284 2.118,427 1,789.319 Net incomellempenditurel Translers between funds 64.090 21.21S 8.563 152.2841 41.584 183.4151 64.090 21.215 8.563 152.2841 41.W 183.4151 other Mco$nlsed la1n￿(lo$S•$1 Actuarial 8ain5111055esl on defined benefit pension schemes 393.O)0 393.C 1436.C*JOI NÈI movtmtht In funds 457.090 21.215 8.563 152.2841 434.584 1519.4151 Rtrts programme Youth pro8ramrne 43,340 6.462 23,302 73,104 65,232 325,893 36,129 21,094 235.273 109,075 122,497 151,334 375,930 18.392 175.221 19.425 11,341 126.498 877,044 73,946 33.112 403,316 175.810 2rM).381 281.694 634.673 34,365 411.988 159,114 187.179 296.768 41.545 12.022 48.993 65.861 81,367 I,(>Jl,295 505.668 S38.360 2,045,323 1.724,087 1.014.635 512.130 561.661 2.118A27 1.789,319 For the year endi￿ 31 March 2021 972,188 267,437 549,694 1.789.319 In 2020-21 the expenditure on the calé. whch was closed for the majoritv DI the year due to covid. is included in park & playgrouncj costs. The full comparable Information for the prior year is set out in Note 28. 7. Analysls of SUPPOft and governance costs G•rMf•l support Costs Governance costs 2022 2031 staff costs Other support costs Audit lee Le831 & professional fees Depreciotion 240,661 188.320 26,355 267.016 188.320 16.4C 11.295 78,631 561,662 260.841 135.716 21,316 5,509 126.312 549.694 16,4L 11.295 77.019 517295 1,612 44,367 Support cos15 are apporlione(J lo different activities in proportion to the staff c051s allribulable lo those activities. The lull comparable Information lor the prior year is set oul In Note 29. 8. Net Incomel(expendltuceJ for the year Thbs Is Mat•d aft•r thirWn4: 2022 2021 Oper•tiN8 lease refitals- equipme Depreciation Auditor5, remuneratlOA'. 10.727 52.284 16,4(Kl 9.112 126,312 21,2 audit lee 45 Cofam's Fields and the Harmsworlh Memorial Playground 9. Analysis of staffing costs and the cost of key management personnel S•laries and wages Swial seturity Costs Pension contributions ￿5*d on salary Redundanry payments Istatutory aThJ contractual ontyl 945.308 78.077 118.753 67.350 I,2￿888 987.8Q3 77.650 115.693 12.238 1,193.384 encystaff cost5 Other siaff costs 103.674 7.489 1,311,651 33.817 5.828 1.233,029 No redundancy payments were rnacje during the year bul a provision has been made for redundancies arising frorn the reorganisalion consultation process which began in 2021-22 see note 16.12021. a redundènc4 payment was made to one member ol staff.) No employee received ernplo￿ee benefits in excess ol E60.00012021.. none) The key managetTTrenl personnel ol the Charity comprise the Oirectors of the Corporate Trustee. the Chief Executive Officer, the Head of Early Years, the Head of Youth Sports. the Oul ol School Club Manager. Ihe Fun(Jrai5ing Manager ancj the Operation5 Manager. The total employee benefits of the key managemenl pefsonnel of the Chacity were £306.166 12021 O.. E303,4661. including employef's national insurance of É26.25912021. E26,0041. Both the Fundraising Manager and Operations Manager left the chaiily at the end of March 2022. 10. Staff NurnbefS The average head count during the 4ear was 43 stafl1202 1. 48 staff) and the average number of lull-time eouivalent emplo4ees was. 2022 2021 FfE FfE Raising funds Choritable artiwiti•s Pèrk, play8round & café Under Ss services - Nursery Out of school club - Sports programme - youth programme . Go¥ernanre io 36 36 I l. Directors of the Corporate Trustee The Oirectors of IhÈ Corporate Trustee did not receive any remuneration or other bÈnÈlils from the Chèrity during thè ￿e3( 12021. ENill neither wèrè thèy rèimbursèd expensès during the year 1202 1.. £Nill. No Direclor received pèyment lor professional or other services supplied to Ihe Charity12021-. £NIll. 12. Related pafty tfansactlons Three Difeclors ol the Corporate Tfustee made donations. without conditions during the year. totalling É4.9801202 1.- Five OirectDrs ma(Je donètions totèllino £5.9231. Two Directors ol the Corporate Trustee. Michael Horowitz and Maftin McNeill. are also truslees of CDram's Fields Sports and RecreatlDn. a Charitable Incorooraled Organisation ICIOI which comfflenced Irading on I st June 2021, with an operating lease from Ihe charily for the use of the sports pitches on Coram's Fields. Oetails ol Ihe operating lease are sel oul in note 20.ln addition Ihe chafitv fecha(£ed the CIO £23,591 in 202 1-22 lor rel3led utilily costs and lor office and adfflinist4rtion support. lrt March 2022 the CIO awarded é giant of 175.000 lo the chairily. Included in note 5. Therè werè no othèr relètèd pèrty transèctions during the yèar 12021. the chèrily paid bank charoes totèllin2 £ 100 on behèll of Coram's Fields Trading Ltot, the dormant trading subsiLliafy ol Coram's Fields Cornpany Trustee LimiteLI. which has since been struck olfl. 46 Corèm's Fields and the Hèrmsworlh Memorial Playground 13. Tangible fixed assets Endowm•nt Ful￿. land & bulldln45 Other •qulpfflert Sports and play equlpment Totsl At the ￿lin￿l￿ of thè ￿aT AdditlQA$ 0i5P05als Atthe end of the yur 150,467 9,577 1110,5621 49,482 685.744 3￿39.225 3.875,436 9,577 I2￿,633> 3,680,380 194,0711 591,673 3.039,225 Depredatlon At the beginntr¥ of the year Charge for the year Disposals Atthe end of the year 145,676 3,512 1110.5621 38.626 591.783 22.835 194.0711 520.547 1.347.968 52.284 2.Ce5.427 78.631 1204.6331 1.959.425 I.4￿),252 Net book valu• At the beginning of the Att￿ *hd olth¢ y*•r 4.791 lo￿56 93,961 71.126 1.691,257 1.638.973 1.790,1kJ9 1.720.955 The endowment fund reflects the original cost of the land & buildings. plus èddilions and improvements. less accumulèled depreciation With the consent ol the Chafily Cornrni55ion, legal charge5 were granted to The Big Lottery Fund in May 2007, in relation lo a grant of £250.000 lor Ihe refufbishment of Ihe youth centre building an(J to Sporl England in July 2015 in relalion to a granl of £200.000 lor the refurbishment of the sports Pitches. 14. Debtors 2022 2021 Trade debrors Other debtor5 Prepayments Accrued income 99.827 5.381 48.033 8.136 4774 44.074 16 15. Cfedltors: arnounts falllng due wlthln one year Z022 2021 Trade credsiors Accruals Oelerred income Taxation and social security Other creditors 67.810 69.$19 29.111 20,213 9,483 50,729 I8,C￿6 8,053 Deferred Income Deferred Income Includes thance payments relatln8 to hall hlre, rent. nurseryand oui of school club fees. 2022 Balance ot Start of year Amount released to incomini resowce5 during year.. Amount deferred ITh year: 42.948 141.5961 142.1341 2,272 Pitch hire - Nursery fee5 . Out of School club lee5 . Rent received in advance Funtlrai5ing income rec•ved in advance Balan￿ at end of year 1,650 4,175 4,907 16,444 3.995 5,048 16.444 47 Cofam's Fields and the Harmsworlh Memorial Playground 16. Provision for Liabilities The chèrity bèoan a consullation concerning the staffing of the park's ground staff in January 2022. which as at Sèptembèr 2022 has yet lo be fully resolveLI, bul is soon to be concluLled.The lull provision of £67,350 established in the year12021-. nill. fepre5enls an eslirnale of statutory redundancy costs and additional payments to the LPFA penslon scheme. Nothing has yel been charged aoainsl the provislon. 17. Creditors: amounts falling due after more than one year 2022 2021 Total pen510n 5hortlall under FRS 102 Le55'. element payable within ore ￿Or Long term element 589.L 589.000 SY13.(KX) 18. Analysls of charltable funds Fund balan￿5 F￿d balance5 ID¢om• Expwxl¢w• G#lns/lloss•$1 TrJrff• Endowment funds Lond and buildin8$ 1.691.257 52.284 1.638.973 RestridÈd C•pltal fumds Capital development Capltal 8rants for In-year projects 2&246 10.271 128.2461 28.246 148.037 1139.4741 47.080 38.517 148.037 1139.4741 47.080 Re¥*mie funds Park and ploy8rourbd C¥fé Sports pro8rtyrnrne Youth programme Central projects Urthr 55 9.550 31.691 139.8881 12.LWI 1134.5191 12CKI.3271 13.(X*Jl 121.7811 1401.5151 1.352 70.704 93.486 149,229 234.730 85.414 127.889 27.Cl)) 203.740 5.081 422.730 10.30] 224.955 Yotal Ftstrlrt￿ funds 242.257 570.767 540.989 272.035 Unrestritt￿ funds General reserve Oe518nated fixed ¥sset fvnd Oesignated fund for yernises refurbishment Pension reserve Sheila H4rnbur8er leg 735.077 98.752 1,589.244 11,498.8071 126.3471 69.423 9,577 89d.937 81.982 57.395 I￿3.&￿j) 39.080 27.304 57.395 IS89.(￿) 39,080 484.394 393AKXI 179.Q))I 1,525.154 393￿￿) Totil ￿1￿% 1.9fy).818 2.160.011 12,118.4271 393.IX 2,395.402 Endowment Fund - land and bulldlngs The land and buildings of Coram's Fields were acouife(J in 1935 at a cost of £425,000 è5 è result of public subscription. They are held as a permanent endowment and can be used only lof the educalion and recreation of young people. Part ol the funding was received from the then London lounly Council ILICI.Should Ihe sile ever be sold a sum. ID be aoreed with the Department lor Educalion and nol exceeding the original grant ol E52.000 from the London County Council. must be refunded to the responsible successor to the LCC. which is the London Borough of Camden. The endowmenl fund reflects the original c051 of the land & buildings. plu5 additions anLI improvement5. le55 accumulated deprecialion. With the consent of Ihe Charity CDmrnissiDn, legal chèfges were gfanteo lo The Big Lottery Fund in May 2007. in relation ID a grant of É250.000 lor the refurbishment of the youth centre building and to Sport England in July 2013 In relation lo a £rant of É200.000 lof the refurbishment of the sports pitches. 48 Corèm's Fields and the Hèrmsworlh Memorial Playground 18. Analysis of charitable funds (continued) Restricted capital funds The Charity h85 a long-lertn prografflffle of fflajor refurbishfflent and improvement works. The capital development plan fund was used in Ihe year to conlfibule towards Ihe cost ol installing a new eleclficity sub-station on the 5ife. A gfanl from Historic England was usetl lo complete building ènd roof repair work and a Community Infrèstfucture Levy grant of £140,537 funded repairs to the fountain 1£20.5781 wilh the remainder carried forward lo be used on other capital works in due course. A grant of £71.250 from the Groundwork Communitv nd Environment Fund has been received alter the year end lor Ihe cost ol the Guide Hèll refurbishment carried oul Ourin2 2021-22. Where funds are spent on items that are cèpilalised ès fixe(J assels. the funds are transferred to the desionaled fixecj asset fund. Restricted revenue funds Aggregaled by service above. Ihe5e funds represent grant5 and donations for sole use in a particular acea of Ihe Charily'5 wock. Granls are received froffl a variety of Icusls, foundalions and funding organisations and, whilst many are small. Ihe rnore 5ignilicanl funds are detailed further below. The Pèfk and playground funds include lully spent grants from GLA'S Grow Back Greener1É25,9001 lof trees and plants and LB Camden's grant for additional park secu(Ity lÉ11.5401. Grants lor the sports pro£famme (Oak Foundalion and H52-Camden Givin£] and the youth prDgrammes IvaflOUS trusts and loundations1- as inclu(Jed in note 5 - combine to fund stallino and other costs in each service. Fund bèlances brouoht and cèrried forward have èrisÈn either wherè funding straddles linèncial yèars èndlor whère spendino was dèlayed because Covid restriclions preventing funds Iiom being soenl as intended at that time. The Under 55 Service stall and other cost5 are largely funded by Paul Hamlyn'5 grant of £25.000. Designated fund fof premises refurbishment The Directors maintain a prernises felurbishment fund, set aside from unrestricted revenue, with the obiective Df investing to improve the Charity s historic grounds and buildings. Part ol the purpose of holding this fund is lo demonstrate the ability to provide matched funding lor subseouenl donations to the Capital development plan project for Ihe planned redevelopment of the sile. The fund was not used in 2020-21 nor 2021-22. Pension reserve The Charity operates a Llefineol benefit pension scherne. as a member of a multi-emplover 5cherne opefaled by the LonLlon Pension5 Fund Authority ILPFAI. The pension scherne liability of £903.000 12020. £435.0001 represents the net value ol the Charity's share ol the scheme's net liabilities al S l March 202 1 The annual nel finance cost of the pension scherne is transferred from the pension reserve ID the general fund at the end DI the year. Sheila H3mbuf£er le£ac Thi5 legécy, which was received in December 2020. will be use¢J for an aspect of site ifflprovemenl to be agreed with the family. The full comparable information for the analysis of charilable funds for the prior year is sel out in Note 30. 19. Analysls of net assets between funds Unrestrirted Funds 2022 Re5trirted Ehdowrnent Fund Funds L•nd & Bulldln8S 2022 2022 Total Funds 2022 Totql Funds 2031 Tan8lble fixed asseis Current asseis Creditors due within one ￿ar Credltor5 due in more than one year 81.982 1.254.898 1263.4861 1589.LJ)Jl 1.638.973 1.720,955 1,526,933 1263,4861 1589AD)I i.7￿.LA 1.372.229 119&420) I*)3.t￿l 271035 484.394 272035 1,638.973 1395.402 I.￿.818 20. Income from operatlng leases In l 967. the Charity enlered into a deed with Univefslty ColleEe London Ilnstitule ol Child Heallhl lo lease è piece of land at the nofth east corner of the site. The deed included permission to erect è building. known as the Wolfson Centre. The current lease entered into on 4 October 1985 and arnended by Oeed of Variation on 29 January 2009. runs until 2033. Rental incorne is reviewed every five years and is based on the movement in the Retail Price Index over the previous live year period. The next review is due In Februafv 2023. From June 2021 the charity enlered into a rental agreefflent with Coraffl'5 Fields Sport5 & Recreation to lease the sports pilches. The current lease runs Irorn June 2021 lo March 2023. wilh monthly rent payable of 120.000 and É30.000 in 2021-22 and Irorn 2022-24 Al SI March 2022 the total of the future rninimum lease receipts under non-cancellable operalin£ leases was-. 49 Cofam's Fields and the Harmsworlh Memorial Playground 20. Income from operating leases (continued) Al S l March 2022 the lolal ol the future minimum lease receipts under non-cancellable Dperating leases was.. 2022 2021 Amounts due within one year Amounts due between one and five years Amounts due after ftve years 39J,482 587,810 394,656 65.776 263.104 460.432 Income lor the year frotn the operéting leases lor the Wolfson Centre sports pitches is ¢Jisclosed in note 4. 21. Capltal commltments 2021 Contracled for, but not provided in Ihe financial slatefflenls 22. Commltments under opefatlng leases At 3 1 March 2022 the tolal ol thè Charity's future minimum lease pèyments under.. 2022 2021 Amounts due within one year Amounts due betweers one and fi¥eyears 10.440 8.160 10,258 J6,8CQ 23. Penslon and similar obligations The Charity operates two pension schemes. a defined benèfit scheme which is part ol thè mu1ti-empl0￿er Local Government Pension Scherne ILGPSI operated by the London Pensions Fund Authority ILPFAI and a defined contribution scheme ujith Friends Life. The Friends Life defined conlfibulion scheme is the pension scheme lor aulo-enfolment. Defined contribution %cheme obli£èlions The pension cost fDr the year ol the defined Contribution scheme was É27.218 12021.. £27.8871. Contributions of £2.435 were outslanding at the Ènd of the year12021.. E2,3471. Defined benefit scheme obligalions The pension cost lor the year ol Ihe defined benefit scheme wa$ 155,276 12021.. £88.274. which included 3 provision lor a strain payment resullinE from redundancy of E29.613 1.Thefe were no addilional contributions towards the delicil on Ihe pension scheme 12021. £NILI. No contributions wefe outstanding at Ihe en(J ol the year12021-. £Nill. The LPFA carried out a review Df the contributions necessary to rnaintain the solvency Df the fund in 2018 and reouested increased contributions from the Tcust in 2018119 [£2 1,0421 and 2019-20 IE21.54511o achieve this. From 202012 1 the percentage contribution has incrèased and as è result no addilionèl contributions hève bÈÈn rèouired. The Oireclors receive prolessionèl èdvice in rÈviÈwino the Charity s involvernenl In the scheme. and will continue to lake appropriate action lo ensure the Chaflty is able lo balance its commitments lo its employees anol 115 beneficiaries. ValuatlDn Df Ihe defined benefit pension scheme The LPFA unofertakes 8 Ifiennial acluafial review to eslablish the value of the fund and. if necessary. adjusts Ihe contributions paid by employèrs accordinoly. The lètest formèl valuation ol the fund was carried out as at Sl March 2019. The contribution ol the Ihèritv Increased from 19.51 % In 19-20 10 25.51 % lor the following S years. An actuèrial vèluètion ol the fund ès at 31 March 2022 complètèd in May 2022. Thè valuètion was carrièd out in accordance Luith Financial Reporting Slandard 102 IFRS1021 colling focwafd financial assumptions from Ihe previous valuation data, a(Jjusting for mafkel conditions at 3 1 March 2022 and income. exoenditufe énd rel￿re(ne￿I data lor the Charity for the period to 31 March 2022. The valuation as al 51 March 2022 showed the net value ol the Charity's share Df the scheme's assets (fair value ol the assets less present value of scheffle liabilities1 to be a liabilitu of É589,000 12021-. £905,000] as shown below. resulling in an actuarial gain of E393.000 lor thè year12021.. loss of £4S6.0001 shown in the Stètemenl ol Financièl Activities. 50 Corèm's Fields and the Hèrmsworlh Memorial Playground 23. Pension and similar obligations (continuedl Pdndpal •auadal èssumptlons JI Marth 1012 31 Marth ZOII Sèlary increases Pension iTrcrease5 ICPII DiscO￿t rate for scherne liabilities 3.2(n6 The current mortalty assumptions inclwje sufficient alk)wa￿e for future irnpro¥Yments in mortality rates. The a55wned life expertation5 On retirement oBe 65 are.. JI Mar(h 2022 31 Ma￿h 2021 RetlrSng todav Males Fernales 86 89 Retirin8 in 20years Miles Fem•les 91 91 The Chality's share of assets In stheme was.. Falr Value at 31 Marth 2022 Falr value at JI Marth 1012 F￿r￿ltse ot Foirvolue ot 31 Morch 2021 31 Mt7rch 2031 Eovities Tareel return portfolio Inlra5tru¢lure Property C•sh 1,143 432 204 57 22 io 915 397 143 153 77 Totsl mathvalue ofassets 2,￿7 Return on assets 2021 Intert5t irKomt Actual retvrn on plan 455et5 {excl￿11￿ intert5t IrKomtl 34 247 34 191 Total rthim 281 225 Amoums reetyThlsed In the SLgtemert of fftn•bKlal artl¥ltles 2031 Serwce c05t Past seryice costs Nei interesi cost Adminis¢ration chorge 106 35 17 Total Opèra￿￿8 th*ry* 160 91 Amounts rectynlsed In the balaKesheet 2021 Present value of the defined benefii obll8atlon Fair value of plan assets 2.596 12.LYJ71 2.$88 11.685) Nrtdelln¢d be￿111 pen5knn xheme liabl1￿¥ Ch•nys bn the val¥eoldefftn¢d b¢nellt ¢bll8•tlons wert•slolloWS.' 1022 2QZI Deflned benefit obligatlon at the Èe8lnnln8olthe year Experience loss on defined benefit otAi8ation SeNte cost Pasi seryice costs Interest cost Employee contribution5 Benefit5 paid net of transfer5 in Charee in demographic a55urnp¢i¢rts Chowe in fith•fi¢i•l •ssumptK*Ns 106 35 51 14 43 15 135) 120) 647 11461 Deftned benÈfftobltyatOon •t thÈ end af the ￿*r 1596 Cofam's Fields and the Harmsworlh Memorial Playground 23. Pension and similar obligations (continuedl Charrfes In lalrvalue ol the Charttvs share of Kheme assets: 2021 FaSr value of fund assets at the be8lnnln8 of iheyear Interest I￿Orne Return on assets kn interest Administration expenses Em contributions Ern￿0Vee contrib￿lOn5 Benefits paid net of transfers In 1.685 1,423 247 191 121 59 15 1351 81 14 F•lr v•lue offvnd asxts •t the of th¢yur IfX*7 24. Ultlmate contfolllng party The Ch3rily'5 Tru51ee is Coram'5 Field5 Cofflpany Trustee Litnited 3 cotnpany lifflited by guarantee Iregistration nufflbpr.. 090010241 which Controls Ihe Charity. The Company is dDrmanl and has never had any assets or liabilities. The membeis and direclors ol Ihe Company afe Shown in the Truslee'5 Report. 25. Reconciliation of net income to net cash flow from operating activities 2021 Net incomel lexp¢nditurel •$ per the statement ol firtanci•l activities Adlu$ted fof.. Oèpreciation char8Ès (note 81 Interest receivable Actuarial gainll105s1 on defined benefit pens￿ xheme Ilncreaselldecrease in stDEk Ilncreasel I decrease in debto Increaselldecreasel in creditor5 Increase in provisions Net cash provided ￿ operating acti¥rttles 41.W 183.4151 78.631 12501 393.( 14 1110.5291 1316.2841 67.350 153.4$5 126,312 1661) 1436,(KX)I 138 54,865 497,052 158.291 The Charlt¥'s Trustee Is Coram's Flelds Company Trustee Llrnlled a company Ilmlled b¥ guarantee (reglstratlon nurnber= 090010241 whlch conlfols the Chaflty. The Company Is dormant and has nevec had any assets or Ilabllltles. The members and dlrectors of the Company are shown In the Truslee's Report. 26. Donations. grants and legacy - priof year Unr•std(led R•5trktsd C•pii¥l 2022 2021 DonatloThs Oonated good5 and semces Coronawru5 Job RÈtentiofi Scheme uant Park & play8round Under 5s services Café Strate8y SFx)rts pro8ramrnÈ Youth pro8ramme seenore5lorono￿"Sbvd0A0r 510.893 20. 16,720 510.893 20.￿) 33.656 179.727 462.015 9.725 245,923 81.930 27.LD) 16,936 31,69J 148.037 145.438 Z26,666 145.438 226.666 122,519 203.757 Y8.513 422.730 148.037 1.119,280 1.163.869 onaled goods and services were provided by Sykes & Son Lirnited, representing the value ol relurbishlng the bandhall. 52 Corèm's Fields and the Hèrmsworlh Memorial Playground 27. Analysis of grants. contracts and donations by donor - pfior year Unrestrided Revenu• Restrirted Revenue Restrirfed C•ph•l 2021 2020 Lonth*ft 00r0￿h of Camden IL8C) Nursery - Out of Khool club dellvery - Youth pro8ramme - Youth Safety Task Force isis Fund I CIL - L8 Camden 8usI￿sS GraThtS 155,232 72.140 155.232 72.140 156,155 72.111 51.3Lkl 15,f 15,( 8.327 7,575 8,327 7,575 15.rt corona￿ruS Job RetentloTh Scheme grant 245,923 245.923 13.317 Tottrlfrom9o¥er*i*itrtiitartd The Oak Foundation Coram'5 Field5 Emergenry Appeal National Lottery Garfield Weston Comic Reliel Sheila Ann HafflburBer legary 8alcombe Charitable Trust St Ar*lrew Holborn Paul H4rnlyn Foundation Historic England Groundwork London- Grow Back Greener H52 Two Ma8ples Patron5 GoldmaN S•ths Gives IEmergen¢y Apwll Tom Ap Rhys Pryce Memorial Trust William Wates Camden Givin8- variou$ National Foundation for yO￿h Musk Syke5 & Son leather5eller5 YC grant LorKbn Youth Actwe Talent Camden Foundotion Card FKtory GraTht Chapman Charitable Trust Jack Petchev Te5co Bag for Help Gran¢ Black Ticket Project Others (not over £1.(￿￿•) Other5- no donation5 in 202¢>2115ee r￿te 271 64,625 106,105 100,c 50,C 40.(XY) 39,080 111,469 176.CV34 11%.105 Ic#).c 119.399 39.810 79.810 39,080 35.1 43.457 35.rA 24.285 30,LK 26.1 26,CO) 22,SC 18,350 16,320 14.071 12,SC 11.906 11,283 iO,LK() 24,¢XX) 9.993 9,725 22.5 18,350 16,320 14,071 16.320 12,51)) 29.632 11,283 io.w) io,( 9,993 io,o)J 14.¢X)) 23.rt 27.mj 9.725 3.3C 3.3 1.525 L750 1.750 15,257 15.257 45.973 248.029 rotgljromotheidonors 513,548 22,500 837,044 610.420 I￿174$ 365 1391241 55 Cofam's Fields and the Harmsworlh Memorial Playground 28. Analysis of expenditure by activity - Prior year IXre I123.￿) 1206,3781 16,¢XX)I 14361 9,550 70.7 93,486 46.556 46,555 25,429 49,552 436 27,(KKJ 384.626 27,IXKJ 203.7410 99.547 1355,4141 74.981 Tthl remrfcted lunds 242.257 Urwestrfrted funds General reserwe Desi8nat¢d fixed •sstt fvnd Designated fund for prem15es rÈfurbi5hrnent Pe￿On Reser%* Sheila Hambur8er le8a 813,724 172,780 1.259.698 11,295,364> 174,0281 142,9811 735,077 98,752 57.395 1435,CWI 57.395 19)3,CWI 39.080 27.304 I436.L￿) 132,(OJl 39.080 1,369,392 436.LD) Totsl fund5 1.789.519 436.( 1.960M18 54 Corèm's Fields and the Hèrmsworlh Memorial Playground 31. Analysis of net assets between funds - prior year Unrestrlcted Funds 2021 Re￿rkted EThdowmeThi Fund Futhds Land & 8ulldin8s 2021 2021 Total Funds 2011 Torol Furtds 2020 Tan8ible lixed ¥sstts Current assets Creditor5 due within one year Creditor5 due in more than one year 98,752 1.029.972 1198,4201 1.691.257 1.790,( 1.272.229 1198.4201 I￿3,(￿￿)) 1.916,321 1,168.280 1169,368J (435,tXXIJ 242,257 27,3151 242,257 1,691257 1,960,818 Z480233 32. Prlor year cesults by fund These are analysed in the Stalement ol Financial Activilies and 8alance Sheet. 55 Cofam's Fields and the Harrnsworth Memorial Playground l Regislere(i Chèrily Number .. 302965 •¢