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2023-03-31-accounts

REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31 MARCH 2023

The Management Committee presents its report and the financial statements for the year ended 31 March 2023.

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 £36,721, leaving a fund balance of £84,859. This compares to an incoming net resource in 2022 of -£15,813, and a fund balance of £47,738.

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.

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, along with Sportgate (Polo In The Park). The charity has also secured significant support in 2022 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:

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 20th December 2023.

and signed on its behalf by

Ms. Kristina Chase Chairperson

Mr. Oliver Wessely Treasurer

CHARITY NO. 303048

SANDS END ASSOCIATED PROJECTS IN ACTION

FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2023

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

LEGAL AND ADMINISTRATIVE INFORMATION

SAND END ASSOCIATION PROJECTS IN ACTION

REGISTERED CHARITY NUMBER 303048

MANAGEMENT COMMITTEE

Lucy Lee (Appointed 16/05/2019) Oliver Wessely (Appointed 01/05/2018) Clare Hirons (Appointed 07/02/2019) Kristina Chase - Chair - (Appointed 01/04/2015) Craig Johnstone (Appointed 01/04/2022)

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

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 31/03/2023

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 31/03/2023 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 31/03/2023

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 2023

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 2022
Fund balances at 31 March 2023		 Unrestricted
Restricted
Funds
Funds
2022
2022
8
£
115,778
129,899
129,899
115,778
93,179
115,778		 Total
2023
£
115,778
129,899
245,677
208,957
208,957
36,721
47,738
84,459		 Total
2022
£
99,699
97,819
197,518
213,331
115,778 213,331
129,899
-
129,899
-
(15,813)
-
47,738
47,738

6

SAND END ASSOCIATION PROJECTS IN ACTION

BALANCE SHEET

AS AT 31 MARCH 2023

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		 £
6,981
8,912
71,701		 2023
£
77,478
84,459
84,459		 £
13,970
10,554
31,300		 2022
£
17,951
80,612
3,134
84,459		 41,854
23,903
47,738
31,922
47,738

Approved by the Board on 20/12/2023

……………………………………………… Oliver Wessely Treasurer

Charity number : 303048

7

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

2
INCOMING RESOURCES FROM ACTIVITIES TO F
THE OBJECTS OF THE CHARITY
Restricted income
London Borough of Hammersmith & Fulham
Hammersinth United Charity
John Lyons Charity
London Community Response fund
LMP Action
Fast Track
Daisy Trust
The Big Given Campaign
Dr Edwards & Bishop Kings Fulham Charity
Thomas School Foundation
H & F food Bank
Ground Work
Unrestricted
Fees income
LB H & F Refund
Childcare Fees
Bank interest received
Funded Services
Tideway
Chesterons
Donation & Fundraising
Adventure Sbs
Sportgate
Fundraising
Room & Buliding hire
Total Unrestricted
TOTAL INCOME
3
TOTAL RESOURCES EXPENDED
Premises Costs
Staff costs(Note 5)
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
Bank Charges
Bad debt
Depreciation
Fee refunded
4
NET INCOMING RESOURCES IN THE YEAR
This is stated after Charging :
Depreciation
Trustees Remuneration
5
STAFF COSTS & NUMBERS
Staff costs were as follows:
Salaries and wages
Social Security Costs
Pension costs
The average number of employees during the year,c
equivalents ,was as follows:
Playground under fives		 URTHER
2023
2022
£
£
15,051
14,500
10,032
19,420
51,000
39,000
-
-
405
-
9,900
-
-
1,200
21,619
25,579
2,812
-
4,960
-
-
-
115,778
99,699
1,648
-
-
36,990
18,008
53,657
34,308
-
10,000
5,963
30,317
8,307
5,376
-
-
-
-
13,335
9,810
129,899
97,819
245,677
197,518
2023
2022
£
£
37,142
76,502
114,814
96,861
768
296
187
432
1,886
1,397
29,141
22,406
2,571
1,891
1,620
1,620
25
-
2,759
3,305
809
952
1,555
2,270
1,226
294
345
-
72
176
482
516
5,791
4,341
140
72
621
-
6,989
6,989
14
-
208,957
220,321
2023
2022
£
£
6,989
6,989
2023
2022
£
£
111,606
93,776
2,089
2,043
1,118
1,042
114,814
96,861
alculated on the basis of full time
Number
Number
6
8

8

SAND END ASSOCIATION PROJECTS IN ACTION SAND END ASSOCIATION PROJECTS IN ACTION SAND END ASSOCIATION PROJECTS IN ACTION SAND END ASSOCIATION PROJECTS IN ACTION
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
6 Movements in funds
At
01.04.22		 Incoming
resources		 Outgoing
resources		 Transfer At
31.03.23
Restricted funds:
-
Management Services - 115,778 115,778 -
- - -
-
Total restricted funds - 115,778 115,778 - -
Unrestricted funds:
General funds 47,738 129,899 93,179 - 84,459
Total unrestricted funds 47,738 129,899 93,179 - 84,459
Total funds 47,738 245,677 208,957 - 84,459

11

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

6 TAXATION

The charity is exempt from taxation on its charitable activities.

7
TANGABLE FIXED ASSETS
Costs
At 1 April 2022
Addtions
At 31 March 2023
Depreciation
At 1 April 2022
Change for the Year
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022		 Office and Other
Equipment
44,841
-
44,841
44,841
-
44,841
-		 Shack
Building
34,947
34,947
20,977
6,989
27,966
6,981
13,970		 Total
44,841
34,947
-
79,788
65,819
6,989
-
72,807
6,981
13,970

9

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

8 DEBTORS 2023 2022
£ £
Child care fees 6,944 4,242
London Borough of Hammersmith & Fulham - -
LMP Action 1,968 6,300
Other fees - 12
8,912 £ 10,554

9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation & Social Security
Pensions - NEST
Rent -London Brorough of Hammersmith & Fulham
Other creditors		 2023
£
1,663
217
-
-		 2022
£
1,528
127
22,248
-
1,881 23,903

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 2023
Income 2023 2022
Restricted
LBHF 15,051 14,500
London CommunityResponse fund - -
DaisyTrust - 1,200
John Lyons Charity 51,000 39,000
Fast Track 9,900 -
The BigGive Campaign 21,619 25,579
Thomas School Foudation 2,812 -
Hammersmith United Charity 10,032 19,420
Covid Job Retention Scheme - -
Total Restricted 110,413 99,699
Unrestricted
Fees income 2,053 -
LB H & F Refund 4,960 -
Childcare Fees 36,990 18,008
Funded Services 53,657 34,308
Chesterons 10,000 -
Donation & Fundraising 5,963 30,317
Adventure Sbs 8,307 5,376
Fundraising - -
Room & Bulidinghire 13,335 9,810
Total Unrestricted 135,264 97,819
TOTAL INCOME 245,677 197,518
Expenditure
Rent 27,233 43,527
Business Rate 666 572
Light & Heat 5,791 4,341
Repair & maintenance 8,395 25,119
Staff costs 114,814 96,861
Staff costs & training 768 296
Alarm 848 -
Staff travel & Other costs 187 432
Volunteers expenses - -
Sationery&postage - -
Cost fo dayto dayservice delivery 28,954 22,406
Legal andprofessional fees 2,759 3,305
Telephone 482 516
Accountancyfees 1,620 1,620
Office supplies 1,886 1,397
Insurance 1,226 294
Bank charges 140 72
Fundrasingexpenses 25 -
Waste & Cleaning 1,555 2,270
Staff training 187 296
Bad debt 621
Equipment & Maintenance 2,008 1,891
Outside Equipment 563
Computers & Software 809 952
Membership& Publicity 345 -
Fee refund 14 -
Subscription 72 176
Depreciation 6,989 6,989
Total expenditure 208,957 213,331
Net fund 36,721 (15,813)

12

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 31/03/2023

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 31/03/2023 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 31/03/2023

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