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|---|---|---|---|
|Chairman's
Report||||
|Report ofthe Trustees||2 to|10|
|Report ofthe Independent|Auditors|11 to|13|
|Statement ofFinancial Activities||14||
|Statement ofFinancial Position||15 to|16|
|Statement ofCash Flows||17||
|Notes to the Statement of|Cash Flows|||
|Notes to the Financial Statements||19 to|33|
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||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies||2|54,393|38,789|93,182|43,093|
|Charitable
activities|||||||
|Income from Charitable|Activities||228,903|1,396,375|1,625,278|1,323,972|
|Investment
income||3|1,513||1,513|729|
|Other income||5|27,310|11,481|38,791||
|Total|||312,119|1,446,645|1,758,764|1,367,794|
|EXPENDITURE ON|||||||
|Charitable
activities|||||||
|Operation ofcommunity|and arts centres||320,963|196,420|517,383|561,476|
|NET INCOME/(EXPENDITURE)|||(8,844)|1,250,225|1,241)381|806,318|
|Transfers
between funds||18|109,207|(109,207)|||
|Net movemeut
in funds|||100,363|1,141,018|1,241,381|806,318|
|RECONCILIATION|OF FUNDS||||||
|Total funds brought forward|||264,760|1,682,369|1,947,129|1,140,811|
|TOTAL FUNDS CARRIED FORWARD|||365,123|2,823,387|3,188,510|1,947,129|
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|STATEMEN|T OF FINANCIAL
31MARCH 2021|POSITION||
|---|---|---|---|
|||31.3.21|31.3.20|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|12|3,102,222|1,446,853|
|CURRENT ASSETS||||
|Debtors|13|18,810|110,413|
|Cash at bank||344,788|659,232|
|||363,598|769,645|
|CREDITORS||||
|Amounts
falling due within one year|14|(91,438)|(94,350)|
|NET CURRENT ASSETS||272,160|675,295|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||3,374,382|2,122,148|
|CREDITORS||||
|Amounts
falling due after more than one||||
|year|15|(185,872)|(175,019)|
|NET ASSETS||3,188,510|1,947,129|
|FUNDS|18|||
|Unrestricted
funds||365,123|264,760|
|Restricted funds||2,823,387|1,682,369|
|TOTAL FUNDS||3,188,510|1,947,129|
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||||FOR THE YEAR END|ED 31MARCH 2021||
|---|---|---|---|---|---|
|||||31.3.21|31.3.20|
||||Notes|||
|Cash flows from|operating||activities|||
|Cash generated
from operations
I||||1,350,366|829,503|
|Net cash provided|by operating
activities|||1,350,366|829,503|
|Cash flows from|investing||activities|||
|Purchase oftangible fixed||assets||(1,666)323)|(337,045)|
|Interest received||||1,513|729|
|Net cash used in|investing|activities||(1,664,810)|(336,316)|
|Change in cash and cash||equivalents||||
|in the reporting|period|||(314,444)|493,187|
|Cash and cash equivalents|||at the|||
|beginning ofthe|reporting||period|659,232|166,045|
|Cash and cash equivalents|||at the end|||
|ofthe reporting|period|||344,7$$|659,232|
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|||||31.3.21|31/L20|
|---|---|---|---|---|---|
||||||f|
|Net income|for the|reporting|period (as per the Statement of|||
|Financial Activities)||||1,241,381|806,318|
|Adjustments|for:|||||
|Depreciation|charges|||10,954|10,954|
|Interest received||||(1,513)|(729)|
|Other||||1|(l)|
|Decrease in|debtors|||91,603|10,864|
|Increase in creditors||||7&940|2,097|
|Net cash provided||by operations||1&350,366|829,503|
##
|||At i/4/20|Cash flow|At 31/3/21|
|---|---|---|---|---|
|Net cash|||||
|Cash at bank||659,232|(314,444)|344,788|
|||659,232|(314,444)|344&788|
|Debt|||||
|Debts falling due within|1 year|(22,450)|(27,550)|(50,000)|
|Debts falling due after l|year|(175,019)|(10,853)|(185,872)|
|||(197,469)|(38,403)|(235,872)|
|Total||461,763|(352,847)|108,916|
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||||||||
|---|---|---|---|---|---|---|
|2.|DONATIONS
AND LEGACIES||||||
||||||31.3.21|31.3.20|
||Donations||||93,182|41,724|
||Gift aid|||||1,369|
||||||93,182|43,093|
|3.|INVESTMENT INCOME||||||
||||||31.3.21|31.3.20|
||Deposit account interest||||1,513|729|
||INCOME FROM CHARITA.BLEACTIVITIES||||||
||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Funds|Funds|31.3.21|31.3.20|
||London Borough of|Camden|41,700|105,650|147,350|608,083|
||GLA: Good Growth|Fund||145,990|145,990|150,654|
||Grants from trusts and foundations||||||
||(SeeNote 21)||85,730|1,143,569|1,229,299|379,556|
||Users' Contributions|and fees|||||
||-Classes and activities||30,743||30,743|86,373|
||-Events and Fairs|||||1,010|
||-Personal budgets (facilitated||by||||
||London||||||
||Borough ofCamden)||70,045||70,045|84,965|
||Hire offacilities||685||685|13,331|
||Other Public funds|||1,166|1,166||
||||228,903|1,396,375|1,625,278|1,323,972|
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|ANALYSIS OFEXPEN|DITURE ON CH|ARITABL|E ACTIVITIES|||
|---|---|---|---|---|---|
||Outreach|Children|OlderPeople|Tota12021|Total2020|
||&Engagement|&Young||||
|||People||||
|Promotion
and publicity|||||208|
|Class and activity costs||9,325|4,786|14,111|22,822|
|Staffing (Employees)||101,424|167,780|269,204|251,903|
|Staffing||||||
|(Miscellaneous)||24,112|1,231|25,342|43,417|
|Premises||2,245|5,611|7,856|19,660|
|Direct Administration||||||
|costs||3,187|2,682|5,869|6,938|
|Fixtures and Equipment||58|188|246|1,104|
|||140,351|182,278|322,629|346,051|
|Support Costs (Note 7)|19,115|124,250|47,788|191,154|210,801|
|Governance
Costs|360|2,340|900|3,600|4,624|
|Total Expenditure|19,475|266,940|230,967|517,383|561,476|
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|ANALY|SIS OF SUP|PORT AND GOVERNANCE
COST|S||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Support|Costs||||
|Promotion
and publicity|||(522)|510|
|Activity|Costs|||174|
|Staffing|(Employees)||135,884|158,914|
|Staffing|(Miscellaneous)||9,640|2,493|
|Premises|||26,328|32,887|
|Direct Administration||Costs|18,870|15,744|
|Fixtures|and Equipment||954|78|
||||191,154|210,801|
||||31.3.21|31.3.20|
||||f|f|
|Governance
Costs:|||||
|Annual|Review/ AGM|||474|
|Auditors|Remuneration||3,100|3,650|
|Auditors|Remuneration|-Non Audit Services|500|500|
||||3,600|4,624|
##
||||31.3.21|31.3.20|
|---|---|---|---|---|
|Auditors'|remuneration||3,600|4,150|
|Depreciation||- owned assets|10,954|10,953|
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|STAF|F COSTS|||
|---|---|---|---|
|||31.3.21|31.3.20|
|Wages|and salaries|373,456|364,222|
|Social|security costs|24,198|23,595|
|Other|pension costs|7,435|23,000|
|||405,089|410,817|
||||31.3.2021|31.3.2020|
|---|---|---|---|---|
|Self-employed|tutors||23,761|40,139|
|Miscellaneous|associated|costs|11,222|5,771|
||||34,983|45,911|
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|employment
benefits ofthe K|ey Management
Person|nel
were $5l,493 (20|20:f50,212)||
|---|---|---|---|---|
|Volunteers
and Placements|in the year||||
||||31.3.21|31.3.20|
|Number ofvolunteers|||64|193|
|Placements:
College Students|and Work Experience||||
|COMPARATIVES FORTHE STATEMENT OF||FINANCIAL ACTIVITIES 31.3.2020|||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||26,528|16,565|43,093|
|Charitable
activities|||||
|Income from Charitable
Activities||310,699|1,013,273|1,323,972|
|Investment
income||729||729|
|Total||337,956|1,029,838|1,367,794|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Operation ofcommunity
and arts cennes||398,411|163,065|561,476|
|NET INCOME/(EXPENDITURE)||(60,455)|866,773|806,318|
|Transfers
between funds||100,000|(100,000)||
|Net movement
in funds||39,545|766,773|806,318|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward||225,215|915,596|1,140,811|
|TOTAL FUNDS CARRIED|||||
|FORWARD||264,760|1,682,369|1,947,129|
##
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|12.|TANGIBLE|FIXEDASSETS|||||
|---|---|---|---|---|---|---|
||||Leasehold|Ongoing|||
||||Land and|Redevelopment|Computer||
||||Buildings|Costs|equipment|Totals|
||||5||||
||COST||||||
||At 1 April 2020||517,010|1,004,730|5,746|1,527,486|
||Additions|||1,666,323||1,666,323|
||At 31 March|2021|517,010|2,671,053|5,746|3,193,809|
||DEPRECIATION||||||
||At
1 April 2020||78,704||1)929|80,633|
||Charge for year||10,000||954|10,954|
||At 31 March|2021|88,704||2,883|91,587|
||NET BOOK|VALUE|||||
||At 31March|2021|428406|2,671,053|2,863|3,102,222|
||At 31 March|2020|438,306|1,004,730|3,817|1,446,853|
|13.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||||31.3.21|31.3.20|
|||||||f.|
||Trade debtors||||18)016|93,872|
||Prepayments|and accrued income|||794|16,541|
||||||18,810|110,413|
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|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE|YEAR||
|---|---|---|---|
|||31.3.21|31.3.20|
||Bank loans and overdratts
(see note 16)|50)000|22,450|
||Trade creditors|32,500|64,079|
||Accrued expenses|8,938|7,821|
|||91,438|94,350|
|15.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE|THAN ONE YEAR||
|||31.3.21|31.3.20|
||Bank loans (see note 16)|185,872|175,019|
|16.|LOANS|||
||An analysis ofthe maturity ofloans is given below:|||
|||31.3.21|31.3.20|
||Amounts
falling due within one year on demand:|||
||Bank loans|50,000|22,450|
||Amounts
falling due between two and five years:|||
||Bank loans - 2-5 years|112,250|112,250|
||Amounts
falling due in more than five years:|||
||Repayable
by instalments:|||
||Bank loans more 5 yr by instal|73,622|62,769|
||This bank loan is for aperiod of 15years.|||
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|17.|ANALYSIS|OFNET ASSETS|BETWEEN FUNDS||||
|---|---|---|---|---|---|---|
||||||31.3.21|31.3.20|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
||Fixed assets||431,169|2,671,053|3,102,222|1,446,853|
||Current assets||211,264|152i334|363,598|769,645|
||Current
liabilities||(91,438)||(91,438)|(94,350)|
||Long term liabilities||(185,872)||(185,872)|(175,019)|
||||365,123|2,823,387|3,188,510|1,947,129|
|18.|MOVEMENT IN FUNDS||||||
|||||Net|Transfers||
|||||movement|between|At|
||||At I/4/20|in funds|funds|31/3/21|
||Unrestricted|funds|||||
||General fund||264,760|(8,844)|109,207|365,123|
||Restricted funds||||||
||Restricted||98,454|1,250,225|(109,207)|1,239,472|
||Restricted Fixed Asset Funds||1,583,915|||1,583,915|
||||1,682,369|1,250,225|(109,207)|2,823,387|
||TOTAL FUNDS||1,947,129|1,241,381||3,188,510|
||Net movement|in funds, included|in the above are as fogows:||||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
||Unrestricted|funds|||||
||General fund|||312,119|(320,963)|(8,844)|
||Restricted funds||||||
||Restricted|||1,446,645|(196,420)|1,250,225|
||TOTAL FUNDS|||1,758,764|(517,383)|1,241,381|
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||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At I/4/19|in funds|funds|31/3/20|
|Unrestricted|fuuds|||||
|General fund||225,215|(60,455)|100,000|264,760|
|Restricted funds||||||
|Restricted||86,662|866,773|(854,980)|98,455|
|Restricted Fixed Asset Funds||828,934||754,980|1,583,914|
|||915,596|866,773|(100,000)|1,682,369|
|TOTALFUNDS||1,140,811|806,318||1,947,129|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||8||
|Unrestricted|funds||||
|General fund||337,956|(398,411)|(60,455)|
|Restricted funds|||||
|Restricted||1,029,838|(163,065)|866,773|
|TOTAL FUNDS||1,367,794|(561,476)|806,318|
##
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||Balance|Incoming|Resources|Balance|
|---|---|---|---|---|
||1Apr 2020|Resources|Expended|31Mar 2021|
|||8|||
|a) London Borough Camden|771,326|||771,326|
|b) GLA|419,012|145,990||565,002|
|c) Bedford House Redevelopment|393,577|1,016,989|(10,000)|1,400,566|
|d) Enterprise &Potential||20,000|(20,000)||
|e) Volunteering
&Outreach Projects|1,000|||1,000|
|f) Gymnasium|1,965||(223)|1,742|
|g) Under fives &Play Scheme|7,089|26,481|(19,989)|13,581|
|h) Older People's projects|44,474|37,659|(58,521)|23,612|
|i) Arts & Media Projects|34,719|99,526|(87,687)|46,559|
|j) LB Camden Strategic Partnership|||||
|Fund||100,000|(100,000)||
|k) Funds Transfer|9,207|-9207|||
|Total Restricted Funds|1,682,369|1,437,438|(296,420)|2,823,387|
##
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|31.3.21|31.3.20|
|---|---|
|437,000|2,103,323|
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|||||||Total|
|---|---|---|---|---|---|---|
|Grants from trusts|and foundations||Unrestricted|Restricted|Total Funds|Funds|
||||Funds|Funds|31.3.21|31.3.20|
||||8|g|||
|3 Verulam Buildings|Trust||20,000||20,000|20,000|
|Ageing Better Camden||||8,000|8,000|10,000|
|BBCChildren
in Need||||10,334|10,334|20,357|
|Beatrice Laing Trust||||||25,000|
|City Bridge Trust||||72646|72,646||
|Dane Chantala Associates||||3,000|3,000||
|Groundwork
UK||||71,155|71,155||
|Hargrave
Foundation||||200,000|200,000||
|Independent
Age||||14,374|14,374||
|John Lyon's Charity||||25,000|25,000|12,500|
|London Marathon
Charitable||Trust||146,000|146,000||
|Masonic Charitable|Foundation||2,868|22,885-|25,753|25,870|
|Miscellaneous|||22,639|45,826|68,465|35,829|
|Mischon de Reya||||||5,000|
|Prism||||4,350|4,350||
|Power to Change|||17,723||17,723|180,000|
|Sport England||||484,999|484,999||
|StAndrew
Holborn|Charity||22,500|20,000|42,500|30,000|
|William Shelton Educational||Charity||15,000|15,000|15,000|
||||85,730|1,143,569|1,229,299|379,556|
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