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2021-03-31-accounts

Forthe year ended March 2021
Reference and administrative
information
Trustees'
annual
report
Independent
examiners'
report
Statement offinancial
activities (incorporating		 an income and expenditure account)
Balance sheet
Statement ofcash flows
Notes to the financial statements ..........................................................................

Company number number 2388150
Charity number 802186
Registered office and The Greenwood
Centre, 37Greenwood		 Place
Operational address London
NW5 ILB
Trustees Trustees, who are also directors
under		 company law, who served
during the year and up to the date ofthis report were as follows:
Benaifer Bhandari
(Appointed
Chair and		 Trustee 22July 2021)
Chikwaba
Oduka (Appointed
14July 2020 and Vice Chair on
23 September 2021)
Kathy Elliot (Appointed
14July 2020 and		 Vice Chair on 23 September
2021)
Cassandra
Austen
(Appointed
Treasurer		 and Trustee 14July 2020)
Hilary Barnard
Arvinda
Gohil (Appointed
Trustee 20 April 2021)
Harry Graham
(Appointed
Trustee 20 April 2021)
Tricia Richards (Appointed
Trustee 20 April 2021)
Sagal Abdi-Wali
(Appointed
Trustee 22		 July 2021)
Lotis Bautista (Appointed
Trustee 23 September 2021)
Brian Parker (Resigned 14July 2020)
Harunar
Rashid (Resigned 20April 2021)
Julie Christie Webb Chair (Resigned 22July 2021)
Gaynor Humphreys
Vice Chair (Resigned		 22July 2021)
Tim Holt (Resigned
22July 2021)
Key management Kevin Nunan
Executive Director
Personnel —Company
Secretary
Bankers National
Westminster
Bank pic
Tavistock Square, London
WCIH 9JA
Independent Examiners Goldwins
Limited
Chartered
accountants
75 Maygrove
Road
West Hampstead
London
NW6 2EG

ZOZI ZOZO
Note unresmcmot Restricted Total
6		 unrestrictea aestncmn ionat
Iaaaiie Iiuin:
Charitable
activities
Capacity Building 63,489 100.884 164,373 70,289 76,797 147.086
Information.
m-onlination		 &partnerships 144,511 144.511 49,011 49,01 I
promotion.
policy 6pm/acts		 154,714 154,714 13,500 169.379 I82,879
other trading acovmes 19,587 19,587 40.167 40,167
Investments 77 77 242 242
Total inmme 83.153 400,109 483462 124.198 295.187 419.394
gxptwdlture
an:
Charitable
acuviiies
Capacity Building 61,419 118,011 I79,430 146,990 93.550 240,539
Informadon.
m-ordination		 6 partnerships I20,905 120.905 34,220 34.220
Promorion,
policy 6projects		 I36,690 I36,690 12.884 155,758 168,642
Total expenditure 61,419 375,606 437,025 159,874 283,528 443,401
Net Inmme
/ (expenditum)		 for the year 21,734 24,503 (35,676) 11,659 (24,007)
Transfers between funds 'I7 3,044
Net Income / (expenditure) before other
remgnlsed
gains and losses		 21,734 24,503 46.237 (32,632) 8,615 (24,007)
Actuarial gains / gosses) on defined benefit
pension schemes 98,000 %4000 351,000 351,000
Net mmmment
in funds		 119,734 24,503 144,237 318.368 8,615 326,983
Bemndllatlon
offunds:
Total funds brought
forward		 (1,041,553) 15,491 (1.026.062) (1,359,921) 6,876 (1,353,045)
Tonal (unde mrded futuaad (921,819) 39.994 (881,825) (1,041.553) 15,491 (1,026,062)

Statement ofcash flows Statement ofcash flows
Forthe year ended 31 March 2021
2021 2020
t t
Cash flows from operating a«dvities 18
Net cash used in operating acdvities 107,301 7,054
Cash Bows from investing acdvities:
Dividends.
interest and rents from investments		 242
Net cash used in investing activities 77 242
Change in cash and cash equhralents in the year 107,378 7,295
Cash and cash equivalents at the beginning ofthe year 85,739 78,444
Cash and cash equivalents at the end ofthe year 19 193,117 85,739

Income from charitable acdvlties
2021 2020
Unrestricted Restricted Total Total
f E E
LBCCore Grant 63,489 63,489 63,489
LBCCapacity Building
Grant		 6.000
LBCCommunity
Festival Fund		 38,520
LBCCovid-19 Emergency
Response		 30,000 30,000
LBC SAME Fundraising
Support		 I7,000 I7,000
Camden
Psychotherapy
Unit		 35,276 35,276 35,427
Cooperative
Foundation
—Space to Connect		 7,150 7,150 2,850
City Bridge Trust —London Emergency Responses wave I 1,997 1,997
Others: Furlough 6 LBCVCSwebinar 9.461 9,461 800
Sub-total for Capacity Building 63,489 100,884 164,373 147,086
NLCF Awards for All 9.000 9,000 1,000
LBCCommunity
Partnership
Advisory Service		 48,011 48,011 48,011
NLCF Improving
the Effectiveness ofCoronavirus		 responses in 59,500 59,500
London
Funders
—London Emergency		 Responses wave 3 25,000 25,000
VCSEP Local Intelligence
Neuvork
Grant		 3,000 3,000
Sub-total for Information,
co—ordination		 6partnerships 144,511 144,511 49,011
Age Uk Camden
—Community
Links		 86,109 86,109 89,852
Age Uk Camden
—Hospital
Discharge Project		 9,000 9,000
Mind
in Camden
—Adult
MHPM and Cultural		 Advocacy 39,105 39,105 38,527
Mind
in Camden
-Healthy
Minds Social		 Prescribing I3,500
Trust for London —Environmental
Justice		 19.500 19,500 39,000
Camden
Islington
—Green Social Prescribing		 Pilot 1,000 1,000 2,000
Sub-total for promotion,
policy &projects		 154,714 154,714 182,879
Total income from charitable
activities		 63,489 400,109 463,598 378,976
Income from other trading
activities
2021 2020
Unrestricted
E		 Resvi cted
E		 Totalf Total
E
Lettings, room hire 6service charges 19,587 19,587 39,872
Training 295
l9,S87 19,587 40, i61
Income from investments
2021 2020
Unrestricted Restricted Total Total
E E E
Interest receivable 77 77 242
77 77 242
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For the year ended 31 March 2021
10 Tmmdon
The charlmble
company		 is exempt from carporatlon tax as ag hs income is charitable and is applied for charitable purposes.
11 Tangible Need assets
Fnmltnle 6
Equipment
Cost ar valuation
At tbe start ofthe year 37.223
Additions
in year
Disposals
in year		 f37423)
At the end ofthe year
Depraringon
At the stat afthe year
Charge for the year
Egminated an disposal
At the end ofthe year
Nrn hook value
At the and sflhe veer
At the saut ofthe year
Ag ofthe abave assets are used for charitable purposes.
I2 Debtors
2021f 2020
f
Trade debtors 31.704 42,688
PIepapneets 1.733
Rent deposit I1.000 22,$14
44.437 65,502
2021 2020
Anlonlns
laglng dne unhhl oee yam		 f
Trade creditors ~.982 6.103
Taxation and soual secumy 5.161 4.168
Accruals 27,097 21.804
Deferred income 50,199 26,854
87r439 5$,929
Amounts
faglng duo ager one year
Creditors 89,374
2021 2020
E (
Balan«e at the beginning
ofthe year		 26.854 24.260
Amount released to income in the year &26.$54) &24.260)
Amount deferred in the year 50,199 26,854
8alance at the end ofthe year 50,199 26.854
15 Pension scheme
2021 2020
E(000) E'(000)
Fair value ofplan assets 5.697 4,430
present value offunded obligations (6,59$) (5,412)
Net (Unded/Overfeeding In Funded Plans (901) &982)
Present value ofunfunded obligations (47) (47)
Net liabrlrty (94$) &i,u29)
Amounts
in the balan«e sheet
Uabilhies (948) &1.029)
Net Ilabrllty (94$) &1,029)
Amounts
recognised		 in net outgoing resources are as follower
2021 2020
ENKOj E(000)
Current service mst 54 67
Interest on obligation 124 150
Expected return an plan assets (101) (118)
Past sruvl«e Islet
Imm 77 99
Actual return on plan assets
Notes tothe flnmKNI statements
For the year ended 31 Mamh 2021
15 Pmslon
schmne (confinuerg
Changes
in the present value ofthe defined benefit ebligation		 are as folhwsi
2021 2020
NIQQ) E(000)
Opening
defined bene(it obligadon		 5,459 6334
gcMce cost 54 67
Interest cost 124 150
Contribudons
by Members		 10 10
Amuarial
losses / (gains)		 1.161 (666)
Past Service Costs / (Gains)
Esdmated
Unfunded
Benefits Paid		 (6) (6)
Estimated
Benefils Paid		 (I57) (230)
Closing derined
b r eut obli9atlon		 6Jieb %4s9
Changes
in the fair value ofplan assets are as fogowsi
2021 2020
E(000) E(000)
Opening
Fair value ofEmployer Assets		 4,430 4,933
Expecmd return 101 118
Contributions
by Members		 10 10
Contributions
by the Fmployw		 54 64
Contribudons
io respnu of Unfunded		 genefits 6 6
Acmarial gains and fiossesi 1,259 (515)
Unfunded
Benefits Paid		 (61 (6)
Benefits paid O57/ (230)
5,697 4,430
The charily expeas to contribute (54,000to its defined benefit pension plan in 2021/22.
The ma)or categories ofplan assets as a percentage oftotal plan assets are as fegows:
2021 2020
Equities (split into matenal dasses eg: European, North American) 76%
Bonds (split into material classes egi European, North American) 11%
Property 12%
Cash 1%
Pnncipal
actuanal assumptions		 at the balance sheet date (expressed as weighted averages):
2021 2020
Discount rate at the end ofthe year 2 0% 2%%
Expected return
an plan assets		 atthe end ofthe year 0.0% 0.0%
Future salary increases 3.3% 2%%
Future pension increases 2.9% 1.3%
proportion
ot employees oping		 mr eariy retirement 0.0% 0.0%
The expected
nde ef return		 on assets is taken fram the Nynmns Roberison's proprietary asset model. The model parameCem are calibrated to market
conditions
on a monthly
bmis.
Amounts
forthe current and previous		 four periods are as f ofio wsi
2021 2020 2019 2018 2017
f f f f f
Define benefit obligation (6.645) (5.459) (6.334) (5,976) (5.972)
Plan assets 5.697 4,430 4.983 4,809 4,699
Deficit (948) (1,029) (1.351) (1,167) (1.273)
Biperiience adjustments
on plan assets		 1.259 (515) 167 50 246
Experience adjustments
on plan liabilides		 66 299 (5) 25 839
Further actuarial assumptions:
Life expentancy
is based tm the Fund's
(Sk7), inlaal adjustment
of0.5%and a		 VitaCunies
with improvements
long term rate of imprevement		 in line wkh the CMI 2020 model, with a0%weighting
of1.5%p.a. Rased on these assumptions.
the average		 of2020 data, standard
future
life expectandes		 smoothing
at age 65
aia summarised
as follows:
Nales females
Current
Pensionem
Fur are p en sicn ers '
' Figures assume member
aged 45 «I		 at last formal valuadon date 22.0years
23.4years		 24.3
21.1		 years
tears
Life expectancies for the prior period end are based on the Fund's VitaCurves. The afionance for future
improvements		 are shown below:
Pmspecmie Pehslohols Pwisroli\Is
CMI2018 model assuming
long term rate 1.25%p.a		 the current rate of improvement has peaked and wfil coiwerge toa CMI2018 model assuining
the «urrem rate of
improvement
has peaked and wgl converge toa
lang term rate 1.25%p.a.
Please note that the mortality
assumptions		 are different to those used in the previous accounting periiod.
Analysis ofnet assam between funds (currant yeari
General unrestrictedl Designatedf Restricted
f		 Tetalfundsf
Tangible fixed assets
Net assets 2,810 23,371 39,994 66.175
Defined benefit pension
liability		 (948,000) (OMLf00)
Net assecs at dw end ofthe year (945,190) 23,371 39.994 (881.825)
Analysis af net asses between funds (prior year)
General unrestricted Designated Restncted Total ftihds
f f f
Tangible fixed assets
Net current assets		 (35,924) 23,371 I5,491 2.938
Defined benefit pension
liability		 (1,029,000) (),029.000)
Net assets at the end oftbe year (1,064.924) 23.371 15,491 (1,026.062)
Note s to ul~Nhuhdal
slasehr		 ohls
Fm the year ended 31 March 2021
17b Mamments
In funds (prior year)
At the start ofthe year Income 8gains losses Tlahsfers the ymr
5
Resniaed funds:
NLCF Awanls for AD 1,000 (I,DDO)
L8CCommunity
Festival		 Fund 4,774 38,520 (40,250) (3,044)
LBCCommunily
Partnership
Advismy Service
Camden
Psychotherapy
Unit		 746 48.011
35,427		 (39.021)
e5.427)		 9.736
Age Uk Camden
—Communhy		 Unks 89.852 (87,817) 2.035
Mind in Camden —Adult MHPM hd Cultural Advocacy 1.356 38,527 (37.46ID 2,415
Trust for London - fmlronmental justke 39,000 (37,695) 1,305
Coepernive
Foundation		 - Space toComect 2,850 Q,850)
Camden
Islington
—Green Social		 Pres«nblng Nlot 2,000 Q,DDD)
Tend rwmlcted
funds		 6,876 295.187 Q83,528) (3.044) I5.491
Unresnlaed
funds:
Oesl9hanul
fhhds:
Staff Contingency 6Pension
Fund		 23,371 23,371
Total designated
funds		 23,371 23,37)
Generd funds (32.292) I24,198 (IS9.873) (35.924)
Tetal unresnlaed
funds befom		 pension mseme (8,921) I24,198 (I59.873) 32,044 Q2,S53)
Pension
resenm		 (1,351,000) 351,00D Q9,000) (1,029,000)
Total funds indudlng
penshm		 fund (1,353,045) 770,385 (443.401) (I.026.062)
friendly
Plrrposes ofIasulctsd hlhds
NLCF Awards for AU

For the year ended 31 March 2021
19 Analysis ofcash and cash equivalents At 31 llarch
AI I Apnl 2020 Cash tknvs Other changes 2021
Cash at bank and in hand 85,739 107.37$ 193.117
Tetnl cash and cash equivtdents $5.739 107.378 193.117
20 Openulng
lease cummitmems
The charity's total future
minimum		 lease payments under non-cancegable operaung leases is as follows for each ofthe fogowing periods
The charity's total future
minimum
lease payments
under non-cancegable
op		 eraung
leases isas follows for each ofthe fogowing periods
Property
2021f 2020
f
Less than one year
ydrthin one year 10.000
10.000