## **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**
1
## **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.]_
- 2 -
## **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:
- select suitable accounting policies and apply them consistently
- make judgements and estimates that are reasonable and prudent; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue on that basis.
- 3 -
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
- 4 -
## **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**
5
## **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**|
6
## **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**
7
## **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**|
8
## **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**|
||||
|||**134,739**
**149,689**
**-**
**47,738**|
11
**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**|
||||**20,959**|
||||**36,492**|
9
## **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
10
**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**|
12