CHARITY NO. 303048
SANDS END ASSOCIATED PROJECTS IN ACTION
FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2021
SAND END ASSOCIATION PROJECTS IN ACTION
INDEX TO THE FINANCIAL STATEMENTS
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Report of the Management Committee | 2-4 |
| Independent Examiners Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| Notes Forming Part of the Financial Statements | 8-12 |
SAND END ASSOCIATION PROJECTS IN ACTION LEGAL AND ADMINISTRATIVE INFORMATION
REGISTERED CHARITY NUMBER 303048 MANAGEMENT COMMITTEE REGISTERED OFFICE London INDEPENDENT EXAMINERS
Lucy Lee (Appointed 16/05/2019) Oliver Wessely (Appointed 01/05/2018) Clare Hirons (Appointed 07/02/2019) Kristina Chase (Appointed 01/04/2015) Paula Merrony (Appointed 05/02/2014) Lucas Marlow - Chair (Appointed 01/10/2017) REGISTERED OFFICE Marinefield Road London SW6 2LL INDEPENDENT EXAMINERS Anwar Jorgis AFA- FAIA-ACIPP 3 Cressage Close Southall UB1 2XP BANKER HSBC 567 Fulham Road Fulham London SW6 1EX
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REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 MARCH 2021
The Management Committee presents its report and the financial statements for the year ended 31 March 2021.
GOVERNING DOCUMENT
The club is an unincorporated charity, registered as such on 24 April 1970
The charity was established under a Trust Deed dated 24 April 1970 as amended on 5 June 1997 which established the objectives and powers of the charity. Under that deed, the trustees may appoint a person who is willing to act as a Trustee, either to fill a vacancy, or as an additional Trustee.
ACTIVITIES
The charity exists to provide facilities to individuals and communities who are in need due to poverty or disadvantage, and in doing so to improve their quality of life.
RESULTS
The net incoming resources for the year amounted to a negative amount of -£14,950, leaving a fund balance of £47,738. This compares to an incoming net resource in 2020 of £ 21,103, and a fund balance of £62,688.
CHARITABLE OBJECTIVES
To establish and develop an attractively designed playground i.e. a playground where moveable equipment and materials are provided with a view to contributing to the health, well-being and happiness of children and safely promoting their educational, physical and emotional development through a wide range of recreational facilities.
FUTURE STRATEGY
The charity plans to continue the activities as outlined above in the forthcoming years subject to satisfactory funding arrangements to benefit the children and families of the Sands End community. Funding and other beneficial support is being sought from the local business community and the wider national and local charitable trust funds. [COVID 19 Update - The charity has continued to operate throughout the current crisis, only being shut down completely during the period of the first lock-down.]
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RESERVES POLICY
The management committee have established a policy whereby the unrestricted funds not committed or investing in tangible fixed assets (‘the free reserves’) held by the charity should be between 3 and 6 months of resources expended. The management committee will continue to seek funding from a broad base of charitable trusts supporting our objectives in order to maintain and improve on current service delivery.
INVESTMENT POLICY
The management committee has considered the most appropriate policy for investing funds and this will be in deposit accounts which will ensure that the funds are in a liquid state at all times. Reserves will be placed in a ‘High Interest’ account in order to make the best of the current financial climate.
FINANCIAL REVIEW
The principal current funding source is the London Borough of Hammersmith & Fulham in Partnership with Sportgate (Polo In The Park). The charity has also secured significant support in 2021 from the John Lyons Charity to support its activities. Additional income is generated through Childcare fees, room hire and other chargeable activities. We are seeking and have had successful small local grants for specific activities and will seek larger grants for posts.
RISK REVIEW
The management committee has conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Significant external risks to funding have led to the development of a strategic plan which will allow for diversification of funding and activities. Internal risks are minimised by the implementation of our revised financial procedures. These policies and procedures are periodically reviewed to ensure that they continue to meet the requirements of the charity.
RESPONSIBILITIES OF THE MANAGEMENT COMMITTEE
The Charities Act 2011 requires the management committee to prepare financial statements for each financial year which give a true and fair view of the affairs of the charity at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements the management committee should follow best practice and:
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select suitable accounting policies and apply them consistently
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make judgements and estimates that are reasonable and prudent; and
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prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue on that basis.
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The management committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the charities act 2011. The management committee is also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
MEMBERS OF THE MANAGEMENT COMMITTEE
Members of the management committee, who are trustees for the purpose of charity law, who serve during the period and up to the date of this report are set out on page 3.
INDEPENDENT EXAMINERS
Jorgis Accountants have agreed to act as independent examiners to the charity.
This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by Charities.
Approved by the management committee on 8th December 2021
and signed on its behalf by
Mr Luke Marlow Chairperson
Mr. Oliver Wessely Treasurer
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SAND END ASSOCIATION PROJECTS IN ACTION
( A Company Limited by Guarantee )
INDEPENDENT EXAMINER’S REPORT TO THE
TRUSTEES OF SAND END ASSOCIATION PROJECT IN ACTION
Report to the trustees on the preparation of the unaudited accounts of Sand End Association Projects in Action for the period ended 31/03/2021
In order to assist you to fulfil your duties under the CompaniesAct 2006, Jorgis Accountants have prepared for the your approval the accounts of Sand End Association Projects in Action for accounts period 31/03/2018 which comprise the profit And Loss Accounts Income Statements ,the Balance Sheet Statements of Financial Position and the related notes from the accounting records and from information and explanations you have given us.
As practising Jorgis Accountants of the Institute of Financial Accountants (IFA), we are subject to it's ethical and other professional requirements which are detailed at https://www.ifa.org.uk/about-us/acting-in-the-publicinterest/memberregulations.
This report is made soley to the trustees of Sand End Association Projects in Action ,as a body with terms of our engagement letter dated 01/04/2018 ,Our work has been undertaken soley to prepare for your approval of Sand End Association Project and state those matters that we have agreed to state to the trustees of Sand End Asscociation in Action Project as a body, in the report.To the fullest extent permitted by law,we do not accept assume responsbility to anyone other than Sand End Association Projects in Action and it's trustees ,as a body,for our work or for this report It is your duty to ensure that Sand End Association Projects in Action has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets,liabilities,fianacial position Action
is exempt from the statutory audit requirement for the period 31/03/2021
We have been instructed to carry out and audit accounts of Sand End Association Projects in Action , for this reason we have not verified the accuracy or completeness of the accounting record or information and explanations you have given us and we do not ,therefore,express any opinion on the financial statements.
Anwar Jorgis- AFA-AAIA-- MIPA-ACIPP Jorgis Accountants Ltd 3 Cressage Close Southall Middlesex, UB1 2XP
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SAND END ASSOCIATION PROJECTS IN ACTION
STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| Notes Incoming resources Incoming Resources from charitable activities Grants receivable 2 Incoming Resources from generated funds Voluntary Income Interest income Total Incoming resources available for charitable application Resources Expended 3 Charitable activities Governance costs Total Resources expended Net Incoming/(outgoing) resources before transfers Transfers between funds Fund balances at 01 April 2020 Fund balances at 31 March 2021 |
Unrestricted Restricted Funds Funds 2021 2021 8 £ 91,429 43,310 43,310 91,429 149,689 |
Total 2021 £ 91,429 43,310 134,739 149,689 149,689 (14,950) 62,688 47,738 |
Total 2020 £ 59,323 98,819 |
|---|---|---|---|
| 158,142 | |||
| 137,039 | |||
| 149,689 | 137,039 | ||
| 43,310 (58,259) 43,310 (58,259) |
|||
| 21,103 | |||
| - 41,585 |
|||
| 62,688 |
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SAND END ASSOCIATION PROJECTS IN ACTION
BALANCE SHEET AS AT 31 MARCH 2021
| Note Fixed Assets Tangible assests 7 Current Assets Debtors 8 Cash at bank and in hand Current liabilities Amount falling due within one year 9 Net current assets Total assets less current liabilities Funds Restricted Fund Unrestricted Fund 6 Total Funds |
£ 20,959 1,829 46,697 |
2021 £ 26,777 47,738 47,738 0 |
£ 36,492 4,433 45,761 |
2020 £ 26,194 |
|---|---|---|---|---|
| 48,527 21,749 47,738 |
50,194 24,000 |
|||
| 62,688 | ||||
| 62,687 | ||||
| 62,688 | ||||
Approved by the Board on 8th December 2021 ……………………………………………… Luke Marlow Chair Charity number : 303048
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SAND END ASSOCIATION PROJECTS IN ACTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
- 2 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE OBJECTS OF THE CHARITY
| Restricted income London Borough of Hammersmith & Fulham Hammersmith United Charity John Lyons Charity London Community Response fund Covid Job Retention Scheme Fast Track Daisy Trust The Big Given Campaign Dr Edwards & Bishop Kings Fulham Charity Thomas School Foundation H & F food Bank Ground Work |
2021 2020 £ £ 19,000 21,500 4,500 400 9,800 - 17,179 - 16,628 - - 9,000 1,000 - 18,313 20,284 - 1,000 4,010 4,003 - 205 1,000 2,931 |
|---|---|
| 91,429 59,323 |
| 3 TOTAL RESOURCES EXPENDED Premises Costs Staff costs(Note 5) Transport Staff Training Travel & Trips Postage & Stationery & office supplies Cost of day to day service delivery Hire & Maintenance of equipment Accountancy fees Fundraising Legal fees Computers & Softwares Waste & Cleaning Insurance Membership & Pubilicity Subscriptions Telephone Light & Heat Donation Bank Charges Depreciation |
2021 2020 £ £ 11,474 25,020 95,460 73,152 - - 737 195 - 328 457 - 13,870 7,711 811 4,110 1,620 1,620 126 1,412 1,241 123 - 65 1,781 1,440 2,572 180 48 - 503 1,004 565 866 2,897 3,829 - 27 1 - 15,525 15,958 |
|---|---|
| 149,689 137,039 |
| 4 | NET INCOMING RESOURCES IN THE YEAR | ||
|---|---|---|---|
| 2021 | 2020 | ||
| This is stated after Charging : | £ | £ | |
| Depreciation | 15,525 | 15,958 | |
| Trustees Remuneration | |||
| 5 | STAFF COSTS & NUMBERS | ||
| Staff costs were as follows: | 2021 | 2020 | |
| £ | £ | ||
| Salaries and wages | 93,195 | 73,152 | |
| Social Security Costs | 2,265 | - | |
| 95,460 | 73,152 | ||
| The average number of employees during the year,calculated on the basis of full time | |||
| equivalents ,was as follows: | |||
| Number | Number | ||
| Playground under fives | 6 | 8 |
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SAND END ASSOCIATION PROJECTS IN ACTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| 6 Movements in funds Restricted funds: Management Services Total restricted funds Hammersmith United Charity General funds Total unrestricted funds Total funds |
At 1.04.20 - - 62,688 62,688 62,688 |
Incoming resources Outgoing resources Transfer At 31.03.21 - 91,429 91,429 - - - - - |
|---|---|---|
| 91,429 91,429 - - |
||
| 43,310 58,259 - 47,738 |
||
| 43,310 58,259 - 47,738 |
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| 134,739 149,689 - 47,738 |
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SAND END ASSOCIATION PROJECTS IN ACTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
6 TAXATION
The charity is exempt from taxation on its charitable activities.
| 7 TANGABLE FIXED ASSETS Costs Hammersmith United Charity At 1 April 2020 Addtions At 31 March 2021 Depreciation At 1 April 2020 Change for the Year At 31 March 2021 NET BOOK VALUE At 31 March 2021 At 31 March 2020 |
Office and Other Equipment 44,841 - 44,841 36,306 8,535 44,841 8,535 |
Shack Building 34,947 34,947 6,999 6,989 13,988 20,959 27,958 |
Total 44,841 34,947 - 79,788 |
|---|---|---|---|
| 43,305 15,525 - 58,830 |
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| 20,959 | |||
| 36,492 |
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SAND END ASSOCIATION PROJECTS IN ACTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 8 DEBTORS 2021 2020 £ £ Child care fees 429 3,778 London Borough of Hammersmith & Fulham 1,400 - Other fees 655 1,829 £ 4,433 Hammersmith United Charity 9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 £ £ Taxation & Social Security 1,381.43 Pensions - NEST 127 Rent -London Brorough of Hammersmith & Fulham 20,079 24,000 Other creditors 162 - 21,749 24,000
10 ENDOWMENT FUNDS
There are no Endowment Funds as the trustees are not legally required to invest or retain any capital
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Income Restricted LBHF London Community Response fund Daisy Trust John Lyons Charity Fast Track Ground Work H&F FoodBank The Big Give Campaign Thomas School Foudation Sand End Ward Action Group Hammersmith United Charity Covid Job Retention Scheme Total Restricted Unrestricted Fees income LB H & F Refund Childcare Fees Bank interest received Tideway Chesterons Donation Adventure Sbs Sportgate Fundraising Room & Buliding hire Total Unrestricted TOTAL INCOME Expenditure Rent Business Rate Light & Heat Repair & maintenance Building costs Staff costs Staff costs & training Sessional staff & temporary workers Staff travel & Other costs Volunteers expenses Stamps Sationery Cost fo day to day service delivery Transport Legal and professional fees Telephone Accountancy fees Office supplies Insurance Bank charges Fundrasing expenses Waste & Cleaning Staff training Photocopying Equipment Equipment maintenance Computers & Software Membership & Publicity Subscription Depreciation Donation Total expenditure Net fund |
2021 2020 19,000 21500 17,179 1,000 9,800 9000 1,000 2931 205 18,313 20284 4,010 4003 1000 4,500 400 16,628 |
|---|---|
| 91,429 59,323 |
|
| 234 1283 11,334 7,883 19763 235 291 13000 16,908 17135 1,283 3817 7000 83 27469 5,350 9060 |
|
| 43,310 98,819 |
|
| 134,739 158,142 |
|
| 10,029 24000 1020 2,897 3829 1,445 118 95,460 73152 195 244 328 13,870 7711 1,241 123 565 866 1,620 1620 213 2,572 180 1 126 1412 1,781 1440 737 811 3992 65 48 503 1004 15,525 15958 27 |
|
| 149,689 137,039 |
|
| (14,950) 21,103 |
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