2022-03-31-accounts

		Page
Chairman's Report
Report ofthe Trustees		2 to	11
Report ofthe Independent	Auditors	12 to	14
Statement ofFinancial Activities		15
Statement ofFinancial Position		16 to	17
Statement ofCash Flows		18
Notes to the Statement of	Cash Flows	19
Notes to the Financial Statements		20 to	34

						31.3.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		2	45,158	7,901	53,059	93,182
Charitable	activities
Income from Charitable		Activities		206)228	378,605	584,833	1,625,278
Investment	income		3	139		139	1,513
Other income			5	5,629	2,757	8,386	38,791
Total				257,154	389,263	646,417	1,758,764
EXPENDITURE ON
Charitable	activities
Operation	ofCommunity		and Arts Centres	432,543	172,893	605,436	517,383
NET LVCOME/(EXPENDITURE)				(175,389)	216,370	40,981	1,241,381
Transfers	between funds		18	58,584	(58,584)
Net movement in funds				(116,805)	157,786	40,981	1,241,381
RECONCILIATION OF FUNDS
Total funds	brought forward			365,123	2,823,387	3,188,510	1,947,129
TOTAL FUNDS CARRIED FORWARD				248,318	2,981,173	3,229,491	3,188,510

STATEMEN	T OF FINANCIAL 31MARCH 2022	POSITION
		31.3.22	31.3.21
	Notes
FIXEDASSETS
Tangible assets		3,559,085	3,102,222
CURRENT ASSETS
Debtors	13	23,458	18,810
Cash at bank		230,052	344,788
		253,510	363,598
CREDITORS
Amounts falling due within one year	14	(108,782)	(91,438)
NET CURRENT ASSETS		144,728	272,160
TOTAL ASSETSLESSCURRENT
LIABILITIES		3,703,813	3,374,382
CREDITORS
Amounts falling due after more than one
year	15	(474@22)	(185,872)
NET ASSETS		3,229,491	3,188,510
FUNDS	18
Unrestricted funds:
General fund		248,318	365,123
Restricted funds:
Restricted		27,303	90,843
Resiricted Fixed Asset Funds		2,953,870	2,732,544
		2&981&173	2,823,387
TOTALFUNDS		3,229,491	3,188,510

			FORTHE YEAR END	ED 31MARCH 2022
				31.3.22	31.3.21
			Notes
Cash flows from	operating		activities
Cash generated from operations I				352,942	1,350,366
Net cash provided	by operating activities			352,942	1,350,366
Cash flows from	investing		activities
Purchase oftangible fixed		assets		(467,817)	(1,666,323)
Interest received				139	1,513
Net cash used in	investing	activities		(467,678)	(1,664,810)
Change in cash and cash		equivalents
in the reporting	period			(114,736)	(314,444)
Cash and cash equivalents			at the
beginning ofthe	reporting		period	344&788	659,232
Cash and cash equivalents			at the end
ofthe reporting	period			230,052	344,788

					31.3.22	31.3.21
Net income	for the	reporting		period (as per the Statement of
Financial Activilies)					40,981	1,241,381
Adjustments	for:
Depreciation	charges				10,954	10,954
Interest received					(139)	(1,513)
Other						l
(Increase)/decrease		in debtors			(4&648)	91,603
Increase in creditors					305,794	7,940
Net cash provided		by	operations		352,942	1,350,366
ANALYSIS	OFCHANGES IN NET FUNDS/(DEBT)
				At I/4/21	Cash flow	At 31/3/22
Net cash
Cash at bank				344,788	(114,736)	230,052
				344,788	(114,736)	230,052
Debt
Debts falling	due within I year			(50,000)		(50,000)
Debts falling	due after		I year	(185,872)	(288,450)	(474,322)
				(235,872)	(288,450)	(524,322)
Total				10S,916	(403,186)	(294,270)

					31.3.22	31.3.21
	Donations				49,112	93,182
	Gift aid				3,947
					53,059	93,182
3.	INVESTMENT INCOME
					31.3.22	31.3.21
	Deposit account interest				139	1,513
	INCOME FROM CHARITABLE		ACTIVITIES
			Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Funds	31.3.22	31.3.21
	London Borough of	Camden	17,080	134,999	152,079	147,350
	GLA: Good Growth	Fund		69,998	69,998	145,990
	Grants from trusts and foundations
	(SeeNote 21)		38,883	173,554	212,437	1,229,299
	Users' Contributions	and fees
	-Classes and activities		74,918	54	74,972	30,743
	—Events and Fairs
	-Personal budgets (facilitated by
	London
	Borough ofCamden)		44,395		44,395	70,045
	Hire offacilities		30,952		30,952	685
	Other Public funds					1,166
			206,228	378,604	584,832	1,625,278

	Main	Play	Arts	Care	Total	Total
					20228	20218
Promotion and Publicity	48		160		208
Class and Activity costs	1,431	3,376	7,180	9,972	21,959	14,111
Staffing (Employees)	22,559	16,679	81,825	164,515	285,578	269,204
Staffing (Miscellaneous)	5,011	579	34,835	2,766	43,191	25,342
Premises	2,280	1,690	492	4,668	9,130	7,856
Direct Administration		36	4,197	1,880	6,114	5,867
Fixtures and Equipment			4,002	56	4,058	246
	31,329	22,359	132,692	183,857	370,237	322,627
Support Costs (Note 7)	57,861	57,861	57,861	57,861	231,446	191,154
Governance Costs	938	938	938	938	3,753	3,600
	90,128	81,159	191,492	242,657	605,436	517,381

ANALY	SIS OF SUP	PORT AND GOVERNANCE COST	S
			31.3.22	31.3.21
Support	Costs
Promotion and publicity			918	(522)
Activity	Costs
Staffing	(Employees)		166,120	135,884
Staffing	(Miscellaneous)		2,527	9,640
Premises			43,107	26,328
Direct Administration		Costs	11,546	18,870
Fixtures	and Equipment		7&228	954
			231,446	191,154
			31,3.21	31.3.21
				g
Governance Costs:
Annual	Review/ AGM		153
Auditors	Remuneration		3,100	3,100
Auditors	Remuneration	-Non Audit Services	500	500
			3,753	3,600

		31.3.22	31.3.21
Auditors'	remuneration	3,600	3,600
Depreciation - owned assets		10,954	10,954

STAF	F COSTS
		31.3.22	31.3.21
Wages	and salaries	403,078	373,456
Social	security costs	25,759	24,198
Other	pension costs	22,860	7,435
		451,697	405,089

			31.3.2022	31.3.2021
Self-employed	tutors		40,948	23,761
Miscellaneous	associated	costs	4,769	11,222
			45&717	34,983

STAFF COSTS - continued
Volunteers and Placements	in the year
			31.3.21	31.3.21
Number ofvolunteers			64
Placements: College Students	and Work Experience
COMPARATIVES FOR THE STATEMENT OF		FINANCIAL ACTIVITIES 31.3.2021
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		54,393	38,789	93,182
Charitable activities
Income from Charitable Activities		228,903	1,396,375	1,625,278
Investment income		1,513		1,513
Other income		27,310	11,481	38,791
Total		312,119	1,446,645	1,758,764
EXPENDITURE ON
Charitable activities
Operation ofCommunity and	Arts
Centres		320,963	196,420	517,383
NET INCOME/(EXPENDITURE)		(8,844)	1,250,225	1,241,381
Transfers between funds		109,207	(109,207)
Net movement in funds		100,363	1,141,018	1,241,381
RECONCILIATION OF FUNDS
Total funds brought forward		264,760	1,682,369	1,947,129
TOTAL FUNDS CARRIED
FORWARD		365,123	2,823,387	3,188,510

12.	TANGIBLE	FIXEDASSETS
			Leasehold	Ongoing
			Land and	Redevelopment	Computer
			Buildings	Costs	equipment	Totals
	COST
	At 1 April 2021		517,010	2,671,053	5,746	3,193,809
	Additions			467)817		467,817
	At 31 March	2022.	517,010	3,138,870	5,746	3,661)626
	DEPRECIATION
	At I April 2021		88,704		2,883	91,587
	Charge for year		10,000		954	10,954
	At 31March	2022	98,704		3,837	102,541
	NET BOOK	VALUE
	At 31 March	2022	418,306	3)138,870	1,909	3,559,085
	At 31March	2021	428,306	2,671,053	2,863	3,102,222
13.	DEBTORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
					31.3.22	31.3.21
	Trade debtors				18,633	18,016
	Prepayments	aud accrued income			4&825	794
					23,458	18,810

14.	CREDITO	RS: AMOUNTS FALLING DUE WITHIN ONE	YEAR
			31.3.22	31.3.21
	Bank loans	and overdrafls (see note 16)	50,000	50,000
	Trade creditors		5,043	32,500
	Other creditors		46,287
	Accrued expenses		7,452	8,938
			108,782	91,438
15.	CREDITORS: AMOUNTS FALLING DUE AFTER MORE		THAN ONE YEAR
			31.3.22	31.3.21
	Bank loans	(see note 16)	474,322	185,872
16.	LOANS
	An analysis	ofthe maturity ofloans is given. below:
			31.3.22	31.3.21
				5
	Amounts falling due within one year on demand:
	Bank loans		50,000	50,000
	Amounts falling due between two and five years:
	Bank loans	- 2-5 years	474,322	112,250
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5 yr by instal		73,622
	This bank	loan is for aperiod of5years.

MOVEMEN	T IN FUNDS
			Net	Transfers
			movement	between	At
		At I/4/21	in funds	funds	31/3/22
Unrestricted	funds
General fund		365,123	(175,389)	58,584	248,318
Restricted funds
Restricted		90,843	62,697	(126,237)	27,303
Restricted Fixed Asset Funds		2,732,544	153,673	67,653	2,953,870
		2,823,387	216,370	(58,5&4)	2,981,173
TOTAL FUNDS		3,188&510	40,981		3,229,491

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted	funds
General fund		257,154	(432,543)	(175,389)
Restricted funds
Restricted		235,590	(172,893)	62,697
Restricted Fixed Asset Funds		153,673		1539673
		389,263	(172,S93)	216,370
TOTAL FUNDS		646,417	(605,436)	40,981

			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	(1,257,836)	90,843
Restricted Fixed Asset Funds		1,583,915		1,148,629	2,732,544
		1,682,369	1,250,225	(109,207)	2,823,387
TOTAL FUNDS		1,947,129	1,241,381		3,188,510

		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

		1stApr 2	Income	Expended	Transfer	1stMar 22
Unrestricted funds
Donations and Grants		365,123	57,154	432,543		189,734
(j) LBCamden Strategic Partners (k) Transfer from Restricted F					100,000 23,837	100,000 23,837
(c) Bedford House Redevelopmen					(65,253)	(65,253)
		365,123	57,154	432,543	58,584	24$,318
Restricted Fixed Assets Funds
(a) LBCamden s106funding		866,326			(866,326)
(b) Greater London Authority		565,002	69,998		(635,000)
(c) Bedford House Redevelopmen		1,301,216	86,075		,566,579	2,953,870
		2,732,544	56,073		65,253	2,953)870
Restricted - Revenue funds
(e) Core		4,350	23,547	(25,630)		2,267
(d) Volunteering &Outreach	proj	1,000				1,000
(fl Gymnasium		1,742		(132)		1,610
(g) Under- fives &Play Schemes		13,581	23,632	(24,559)		12,654
(h) Older People's projects		23,612	24,184	(43,869)		3,927
(i) Arts &,Media projects		46,558	61,828	(78,704)		29,682
(j) LBCamden Strategic Partners			00,000		(100,000)
(k) Transfer to Unrestricted	Fund				(23,837)	(23,837)
		90,843	33,191	(172,894)	(123,837)	27,303
Total Restricted Funds		2,823,387	89,264	(172;894)	(58,584)	2,981,173
TOTALFUNDS		3,18$,510	46,418	259,649		3)229)491

GRANTS FROM	TRUSTS	AND FOU	NDATIONS
						Total
Grants from trusts	and foundations		Unrestricted	Restricted	Total Funds	Funds
			Funds	Funds	31.3.22	31.3.21
						8
3Verulam Buildings	Trust		20,000		20,000	20,000
Ageing Better Camden				7,500	7,500	8,000
BBCChildren in Need						10,334
City Bridge Trust				25,830	25,830	72,646
Dane Chantala Associates						3,000
Groundwork UK				3,845	3,845	71,155
Hargrave Foundation						200,000
Independent Age						14,374
John Lyon's Charity				12,500	12,500	25,000
London Marathon Charitable		Trust		54,000	54,000	146,000
Masonic Charitable	Foundation		2,620	23,584	26,204	25,753
Miscellaneous			16,263	8,850	25,113	68,465
Prism						4,350
Power to Change						17,723
Sport England						484,999
StAndrew Holbom	Charity			20,000	20,000	42,500
William Shelton Educational		Charity		17,445	17,445	15,000
			38,883	173,554	212,437	389,925