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|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|
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|||||||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|
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|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|
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||||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)|
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||||||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|
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||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|
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|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|
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|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|
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|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|
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|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|
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|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.|||
##
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|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|
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||||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|
##
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|||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|
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|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|