2024-03-31-accounts - Sands End Associated Projects In Action

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CHARITY NO. 303048

SANDS END ASSOCIATED PROJECTS IN ACTION

FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 MARCH 2024

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

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

REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31

MARCH 2024

The Management Committee presents its report and the financial statements for the year ended 31 March 2024.

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 surplus amount of £ 63,922, leaving a fund balance of £148,381. This compares to an incoming net resource in 2023 of £36,721, and a fund balance of £84,459.

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 received significant support in 2023 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 7th December 2023.

and signed on its behalf by

Ms. Kristina Chase Chairperson

Mr. Oliver Wessely Treasurer

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 31/03/2024

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 01/04/2021,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 31/03/2024

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

SAND END ASSOCIATION PROJECTS IN ACTION

STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

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 2023 Fund balances at 31 March 2024	Unrestricted Restricted Funds Funds 2024 2024 8 £ 166,294 169,840 169,840 166,294 105,918 166,294	Total 2024 £ 166,294 169,840 336,134 272,212 272,212 63,922 84,459 148,381	Total 2023 £ 115,778 129,899
			245,677
			208,957
	166,294		208,957
	169,839 - 169,839 -
			36,721
			- 84,459
			84,459

SAND END ASSOCIATION PROJECTS IN ACTION

BALANCE SHEET

AS AT 31 MARCH 2024

£ - 13,465 138,309	£ 6,981 8,912 71,701	2023 £ 77,478
151,773 3,392 148,381	80,612 3,134
	84,459
		84,459


		84,459

Charity number : 303048

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2 INCOMING RESOURCES FROM ACTIVITIES TO FURTHER THE OBJECTS OF THE CHARITY

Restricted income London Borough of Hammersmith & Fulham Hammersinth United Charity John Lyons Charity LMP Action Fast Track The Big Given Campaign Thomas School Foundation H & F food Bank Ground Work Unrestricted Fees income Childcare Fees Funded Services Chesterons Donation & Fundraising Adventure Sbs Polo in The Park Room & Buliding & Facilities hire Total Unrestricted TOTAL INCOME	2024 2023 £ £ 82,972 15,051 - 10,032 40,000 51,000 - 405 14,900 9,900 23,434 21,619 3,988 2,812 - 4,960 1,000 -

	166,294 115,778
	2,040 1,648 47,888 36,990 72,511 53,657 - 10,000 8,380 5,963 12,025 8,307 14,419 - 12,575 13,335
	169,840 129,899

	336,134 245,677

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

2024
2023
£
£
57,580
37,142
149,773
114,814
158
768
902
187
1,342
1,886
38,427
29,141
2,998
2,571
810
1,620
-
25
1,873
2,759
1,766
809
1,726
1,555
1,729
1,226
23
345
720
72
391
482
4,855
5,791
156
140
-
621
6,982
6,989
-
14

272,212
208,957

3 TOTAL RESOURCES EXPENDED
4 NET INCOMING RESOURCES IN THE YEAR

4	NET INCOMING RESOURCES IN THE YEAR
		2024	2023
	This is stated after Charging :	£	£
	Depreciation	6,982	6,989
	Trustees Remuneration
5	STAFF COSTS & NUMBERS
	Staff costs were as follows:	2023	2022
		£	£
	Salaries and wages	144,851	111,606
	Social Security Costs	3,667	2,089
	Pension costs	1,255	1,118
		149,773	114,814
	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

		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 2024

6	Movements in funds
			At 01.04.23	Incoming resources	Outgoing resources	Transfer	At 31.03.24
	Restricted funds:
							-
	Management Services		-	166,294	166,294		-
				-	-	-
							-
	Total restricted funds		-	166,294	166,294	-	-

	Unrestricted funds:


	General funds		84,459	169,840	105,918	-	148,381


	Total unrestricted funds		84,459	169,840	105,918	-	148,381


	Total funds		84,459	336,134	272,212	-	148,381


NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

Income	2024	2023
Restricted
LBHF	82,972	15,051
London CommunityResponse fund	-	-
Ground Work	1,000	-
John Lyons Charity	40,000	51,000
Fast Track	14,900	9,900
The BigGive Campaign	23,434	21,619
Thomas School Foudation	3,988	2,812
Hammersmith United Charity	-	10,032

Total Restricted	166,294	110,413

Unrestricted
Fees income	2,040	2,053
LB H & F Refund	-	4,960
Childcare Fees	47,888	36,990
Funded Services	72,511	53,657
Chesterons	-	10,000
Donation & Fundraising	8,380	5,963
Adventure Sbs	12,025	8,307
Polo in the Park	14,419
Fundraising	-	-
Room & Buliding ,Facilities hire	12,575	13,335
Total Unrestricted	169,840	135,264

TOTAL INCOME	336,134	245,677

Expenditure

Rent	27,233	27,233
Business Rate	307	666
Light & Heat	4,855	5,791
Repair & maintenance	29,119	8,395
Staff costs	149,773	114,814
Staff costs & training	158	768
Alarm	920	848
Staff travel & Other costs	902	187
Cost fo dayto dayservice delivery	38,427	28,954
Legal andprofessional fees	1,873	2,759
Telephone	391	482
Accountancyfees	810	1,620
Office supplies	1,342	1,886
Insurance	1,729	1,226
Bank charges	156	140
Fundrasingexpenses	-	25
Waste & Cleaning	1,726	1,555
Staff training		187
Bad debt		621
Equipment & Maintenance	2,998	2,008
Outside Equipment		563
Computers & Software	1,766	809
Membership& Publicity	23	345
Fee refund		14
Subscription	720	72
Depreciation	6,982	6,989

Total expenditure	272,212	208,957


Net fund	63,922	36,720

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

6 TAXATION The charity is exempt from taxation on its charitable activities. 7 TANGABLE FIXED ASSETS Office and Other Equipment Costs At 1 April 2022 44,841 Addtions - At 31 March 2024 44,841 Depreciation At 1 April 2022 44,841 Change for the Year - At 31 March 2024 44,841 NET BOOK VALUE At 31 March 2024 At 31 March 2023 -	Shack Building 34,947 34,947 27,966 6,981 34,947 - 6,981	Total 44,841 34,947 - 79,788
		72,808 6,981 - 79,788
		-
		6,981

SAND END ASSOCIATION PROJECTS IN ACTION

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

8 DEBTORS 2024 £ Child care fees 9,596 London Borough of Hammersmith & Fulham - LMP Action 3,869 Other fees - 13,465	8 DEBTORS 2024 £ Child care fees 9,596 London Borough of Hammersmith & Fulham - LMP Action 3,869 Other fees - 13,465	2023 £ 6,944 - 1,968 -
	13,465	8,912 £

9 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation & Social Security Pensions - NEST Rent -London Brorough of Hammersmith & Fulham Other creditors	2024 2023 £ £ 1,663 1,663 244 217 1,170 - 315 -
	3,392 1,881

10 ENDOWMENT FUNDS

There are no Endowment Funds as the trustees are not legally required to invest or retain any capital

REPORT OF THE MANAGEMENT COMMITTEE FOR THE YEAR ENDED 31

MARCH 2024

The Management Committee presents its report and the financial statements for the year ended 31 March 2024.

GOVERNING DOCUMENT

The club is an unincorporated charity, registered as such on 24 April 1970

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

CHARITABLE OBJECTIVES

FUTURE STRATEGY

The charity plans to continue the activities as outlined above in the forthcoming years subject to satisfactory funding

RESERVES POLICY

The management committee have established a policy whereby the unrestricted funds not committed or investing in

INVESTMENT POLICY

FINANCIAL REVIEW

RISK REVIEW

RESPONSIBILITIES OF THE MANAGEMENT COMMITTEE

The Charities Act 2011 requires the management committee to prepare financial statements for each financial year which

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 -

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 7th December 2023.

and signed on its behalf by

Ms. Kristina Chase Chairperson

Mr. Oliver Wessely Treasurer