Annual report
Crystal Palace Community Development Trust
Annual Report
1 April 2008- 31 March 2009
Registered address
Registered address: Anerley Town Hall, Anerley Road, London. SE20 8BD
List of Crystal Palace Community Development Trust Trustees
Mrs. Patricia Trembath Chair/Secretary
Ms. Jeanne Gregory Vice Chair
Mr. John Gazeley Treasurer
Miss. Virginia James
Mrs. Nina Kennedy
Ms. Dorothy Lawrence
Mrs. Elsie Sutherland
Mr. Ian Lennon
Non Voting Local Authority Nominees
Councillor Tom Papworth (Bromley Representative)
Councillor Marion Nisbet (Lewisham Representative)
Councillor Lewis Robinson (Southwark Representative)
Councillor Pat Ryan (Croydon Representative)
Staff Members
Trust Director Barbara Cracknell
ABC Centre Manager - Tracey Skillern
Receptionist Oretha Cameron
Receptionist Shernet Cameron
Caretaker Karl Nugent
Bankers
HSBC 219 High Street, Penge, London SE20 7PP
Auditors
Andrew Thurburn & Company, 38 Tamworth Road, Croydon, Surrey CR0 1XU
Page 2
Chairs Report 2008/9
The Crystal Palace Community Development Trust is well into its sixth year of operation. Existing projects and the development of other smaller new projects continue alongside partnership initiatives.
During the year a number of successful funding applications have been made and these include:
Big Lottery Community Buildings - £178,365
Henry Smith Charity - £100,000
Clothworkers Foundation - £30,000
Bromley Lifelong Learning Partnership - £10,000
Mercers Company - £7,500
Bromley Teenage Pregnancy Fund - £5,476.80
Help a London Child - £1,358
Bromley Summer University - £600
The Trust continues to meet with local borough partners to explore suitable community projects with which it can assist.
The funding for the work of refurbishing two derelict shops to become a community centre on the Kingswood Estate is nearly complete and survey work has commenced, which is very gratifying after three years work getting the show on the road. The outcome of applications to Southwark Council for the final £25,000 is awaited.
The Trust is involved with the development of a new local Crystal Palace cross-ward boundary Youth Forum with its first meeting planned for November 2009. All five boroughs have expressed an interest in becoming involved.
The Trust will participate in the delivery of the Norwood Young and Safe Expo, planned to take place in November 2009, this should be a useful marketing opportunity for the Trust.
Tribute must be paid to the Director of the Crystal Palace Community Development Trust for another year of hard, but rewarding, work.
The Town Halls and Business Centre have continued to be the major project for the Trust. The Halls continue to be very well used. They are booked for family functions, receptions, birthday parties, christenings and funerals on almost every weekend of the year. The Trust recently decided to spend £5750 for new tables and chairs for major events taking place in the Halls. By hiring these out to Hall users the cost is quickly being recouped. Although the Halls are licensed for weddings and civil partnerships, over the past two years couples have only used this option on one occasion and the Trust has decided not to re-licence when the current licence comes up for renewal
The Business Centre has been well occupied over the last year with its highest occupancy rate being 90%. In a period of recession this is a very positive percentage for a facility mainly used for newly set-up businesses.
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The Manager and the staff of the Anerley Halls and Business Centre continue to work hard to provide a friendly, professional service to Halls and Business users alike and need to be commended for their continued loyalty to the Trust and its work.
I would like also to thank my fellow long-serving Trustees and others, who are now coming forward, to assist with taking the Trust forward over the coming years, I would also like to thank our active, non-Executive, local councilors for their hard work and dedication in assisting us to achieve our purpose of delivering improvements to the local community in the Crystal Palace area.
The prospects for the coming year are exciting and we look forward to moving on to new dimensions as we look to increase the services we offer to all five Wards in the surrounding area.
Patricia Trembath
Chair
Page 4
Trust activities in 08-09
The Trust Director has continued in post to offer continuity and development of cross borough service delivery to the local community in the areas surrounding Crystal Palace.
Other project staff and volunteers have been maintained and additional ones have been appointed to ensure that the projects being developed are appropriately and effectively delivered. This has included continued fund raising to ensure that our activities including the youth club, art class and IT classes can be maintained in order to meet the identified needs of the local community.
Business centre staff continue to be employed to ensure that the business centre and halls are being effectively managed and that the available space is appropriately used to meet the needs of the local community in order to help regenerate the local area. The Halls are now operating at capacity and we are now in a situation where we are exploring ways in which to develop similar activities out of buildings in the other boroughs across the Crystal Palace area.
Kingswood Community Shop
We were formally notified that the outcome of the capital funding applications to the Big Lottery Community Buildings Fund and the Henry Smith Charity were both successful. The total of both these applications was £278,365 which gave us over 2/3 of the funding for the refurbishment of the shops. Additional applications to the mercers Company for £7,500 the Clothworkers Company for £30,000 and Southwark Council for £25,000 from their Cleaner, Greener, Safer, fund were all successful. This now leaves us with only £25,000 to raise to ensure the refurbishment work can start.
Throughout the year discussions have been on-going between our solicitor, Southwark Council and the Big Lottery regarding the proposed Internal lease Agreement these discussions remain an on-going piece of work to ensure the lease arrangements suit all parties and are put into place as quickly as possible.
We have employed a Davis Langdon L.L.P in order we can get the refurbishments works underway including getting the tender document written up for us, so we can go out to tender on the project. I have been advised by the Big Lottery to go out to tender on the project as we may find that under the current financial situation the costs may have gone down which may result in us not needing as much capital funding for the project.
Work with Young People
Our work with young people is continuing to grow; having been successful with our application to the Jack Petchey Fund we have made awards to five young people. The successful young people were voted for by their peers and this has resulted in funding being available for them to take part in different activities of their choice, as a result of this there has been a trip to the Tate Modern by the art class and they have also purchased some much needed equipment and materials. The young people from youth club have chosen to take a trip to Thorpe Park; they have also been able to purchase some items of equipment of their choice as well as some craft and dance workshops.
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Steve Beck has been awarded the Jack Petchey Leaders Award 2008; this has been awarded because of his outstanding work with young people as an art class tutor at Anerley Town Hall.
Steve has been tutoring at the art classes for young people between the ages of 8 18 for ten years or more. He has made an outstanding contribution and commitment to helping the young people develop their artistic abilities and talents. Steve encourages and inspires the young people to do their best work and achieve to the best of their ability.
We held two art classes during the summer holidays during July which are part of the Bromley Summer University programme. These classes will be open for the 8 11yr age group and aims to help them with their cartooning and animation skills. Steve Beck and Jeanette Phethean were the tutors, enrolments were made on-line through the Summer University website, each course was over-subscribed and feedback from both students and young people was very positive with many students being encouraged to extend their skills by attending our regular Friday afternoon classes.
Throughout the year we have had work experience students from a number of local schools including Lambeth Academy, Cator Park School, Harris Academy, Stockwell Park school, Lilian Baylis School and Charles Edward Brooke school. The students worked on our busy reception and improved their inter-personal skills by being our first point of contact both in person and on the telephone. They also used their IT skills through updating our membership and contacts database, they also helped with other tasks including sending out mailings, photocopying, sorting out the post and other general office duties.
Discussions were initiated during the year with Geraldine Evans from Lambeth Council around the formation of a new Crystal Palace forum, these have been cross borough discussions and have involved a number of different community organizations and all the local authorities, CPCDT were identified as the Bromley representative.
The forum developments have continued throughout the year and it has been agreed that this should take the form of a young peoples council. We are working with a number of local youth organizations in order to consult with local young people with regard to what format the forum should take.
We are being contracted to deliver this work and have been offered £7,500 to get this piece of work off the ground.
In conjunction with Crystal Palace Safer Neighbourhood Team we have organised an 8 week Knife intervention and Anti-gang workshop, supported by local community businesses in the Beckenham and Penge area.
Young People and Community Safety
The Safety Box delivered workshops impacting on anti-social behaviour, the consequences of anti-social behaviour, self management, avoiding life threatening circumstances, thinking about life and building self worth. Shock tactics, knife defence and real life experiences will be used to create a lasting impact. As an addition to the classroom-based activity the program will contain various motivational speakers, role models, ex-convicts, family that have lost loved ones and reformed gang members.
Crystal Palace Safer Neighbourhood Team have organised for this workshop to take place at the youth club held at the Anerley Town Hall on a Thursday evening between 5-7pm. The first workshop was held on 12th March 2009 and was attended by 35 young people and continues for a further 7 weeks.
Page 6
Learning and Pre-Employment Activity
The website design and Image editing courses in held at the Croydon Foyer have been completed; four courses have been delivered rather than the intended three. This will result in us exceeding our required outputs by one course and 10 qualifications. These courses were funded through Broomleigh Housing Association.
We were offered a further £10,000 to continue our learning activity over this academic year; this funding will be coming from the Learning and Skills Council via the Bromley Lifelong Learning Partnership.
We will be using this funding we will be running E Digital Computer Competence Courses at Anerley Town Hall the four courses we will be enabled to run through this funding are beginners and Intermediate Website Design and Image Editing.
Anerley Business Centre and Town Halls
During the year the Business Centre occupancy rate has ranged from 62.2% and 78% during June.
The proposal for an increase in our contract fee and lease agreement which was due to go to the resources portfolio holders meeting in January did not in fact go to committee at all, this item was deleted from the agenda as it was felt to be inappropriate at this time as the arrangements for the future of the library have not been decided.
It was subsequently agreed in negotiation with Bromley Council that the contract fee should be increased to £50,000 for the current years contract.
We have been informed by the property department that LBB have developed a business continuity plan and Anerley Town Hall has been identified as Property Divisions emergency alternative accommodation in the unlikely event that there is a major incident at the Civic Centre which renders their office accommodation and other buildings on the site unusable. They are proposing that essential staff would initially take over the vacant offices in the Business Centre.
Bromley Council have upgraded the centres fire alarm system so in the event of a fire a call will automatically go through to the fire brigade for them to attend immediately.
Work has been done on the drains outside the Business Centre a full drain survey has been carried out and any faults are being rectified. This work has been commissioned as the surveyor is of the opinion that it is the drains causing the cracks in the building.
The Halls have been used regularly with only a few weekends unoccupied and continues to help sustain the trusts activities.
Page 7
Reserves Policy
Crystal Palace Community Development Trust needs reserves to:
Meet contractual liabilities should the organisation have to close. This includes redundancy pay, amounts due to creditors and commitments under leases.
Meet unexpected costs like break down of essential office machinery, cover staff for illness, maternity leave, parental leave, and legal costs defending the charitys interest.
Replace equipment as it wears out. Ensure that the charity can continue to provide a stable and quality service to those who need it. Within this context to minimise recruitment, staff training, staff induction and marketing costs by avoiding the need for redundancies caused by financial crisis.
Provide working capital when funding is paid in arrears and place the charity in a position where it could bid for ESF funding or other funding which can be paid up to 12 months in arrears.
From time to time funding has certain restrictions which mean that by law it must be held in restricted reserves until it is spent in line with the funding agreement.
CPCDTs funding.
CPCDT is currently funded by a variety of different funders. This is likely to grow to over the coming years. Whilst the range of funders could create a high level of administration it will also provide some security in so far as at any point in time some funders are likely to be in place.
CPCDT plans its fund raising in advance having an eighteen month view of the CPCDT cash flow. Typically it takes 12 months to secure new funding from initial research through the application process to receiving the first cheque.
A prudent level of reserves
CPCDT aims to have reserves in the band of 16% to 28% of current unrestricted annual expenditure. CPCDT is funded by several borough councils and Trusts that may place geographical boundaries on where funding can be spent. For this reason most funding is restricted in some way. Liabilities such as redundancy payments could be incurred whilst this funding is spent. An item is included for contingent liabilities like redundancy costs in all funding applications.
Establishing and maintaining a prudent level of reserves.
In the event of reserves dipping below the target CPCDT will aim to restore the reserves to at least 16% of expenditure over the next four years. This could be achieved by increased fund raising, increasing earned income or reducing expenditure.
If reserves exceed 28% of expenditure CPCDT will consider the likely expenditure over the next two years with the aim of reserves being less than 28% of turnover by the end of two years. This could be achieved by reducing fund raising, allocating less staff time to earned income activities, reducing prices, or increasing "free" activities and so increasing
Page 8
expenditure. Increasing "free" activities could be one off in areas like courses and fact sheets, or expanding the organisation generally. In the latter case due attention will be paid to identifying funding that would sustain the expansion after the reserves had been brought below 28% of expenditure. If CPCDT's turnover is growing year on year this might mean that there is no need to reduce reserves for the target to be met within two years.
Bringing actual reserves into line with the policy.
Reserves at 31/3/09 were 64% of expenditure during the previous financial year.
CPCDT recognises that this is greater than the required amount but has taken into account the reduction in secured funding for the directors post and the need to secure this position into the following year. The level of reserves also takes into account restricted funding which is being held for the refurbishment work on the Kingswood Community Shop which will be spent in the coming year.
Monitoring and reviewing of reserves policy.
The trustees will consider current costs of closure and examine the level of reserves each year when setting the following years budget. This reserves policy will be reviewed every two years.
Risk Assessment
The Board of Trustees have conducted its own review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. 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 procedures for authorisation of all transactions and projects and to ensure consistent quality of delivery for all operational aspects of the charity. These procedures are regularly reviewed to ensure that they still meet the needs of the charity.
Provision of information to auditors
In accordance with company law, the companys directors confirm that, so far as they are aware, there is no relevant audit information of which the companys auditors are unaware. Also, as the directors of the company, they have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the companys auditors are aware of that information.
Page 9
Membership & Election of officers
All members will have an opportunity to attend a general meeting which is held annually to review the business of the Trust and approve its accounts. To undertake the business of the Trust, the membership, at the Annual General Meeting, will appoint a Board of Directors of the Trust. This will comprise of up to 20 representatives as follows:
9 representatives of community organisations that are members of the Trust elected by the AGM *
3 individual members elected by the AGM*
3 persons elected from amongst the business members*
5 persons, one from each local authority that is invited to nominate members of the Board.
* A third of the Board elected in this way will retire annually
Other Board members will be nominated and appointed on an annual basis.
The Chair, Vice-Chair, Secretary and Treasurer will be elected by the Board, from amongst the duly appointed Trustees, at its first meeting following the AGM. At present the Board has 12 members which include 5 from the public sector.
The Board of Directors will be meeting bi-monthly. It is the major decision taking and policy-formulating body of the Trust. Its functions will be:
To set an overall business strategy and monitor and review performance and achievement
To establish a financial plan and budget and review it regularly
To deal with membership matters and staffing appointments
To consider all legal matters and ensure that the Trusts responsibilities are met
To delegate detailed consideration of matters to working and focus groups
Receive reports and recommendations back.
Management
The Director of the Trust is responsible for the day-to-day running of the Trust and all the Trusts projects and services. S/he has the line management responsibility for the Trusts other employees. The Director will be responsible for the management of any wholly-owned subsidiary companies. The Director is charged with implementing a structure for community participation and accountability that will ensure the Trust is genuinely community-led and local people can influence their management and direction.
Approved by the management committee on 7th September 2009 and signed on its behalf by:
Patricia TrembathChair
Page 10
REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF CRYSTAL PALACE COMMUNITY DEVELOPMENT TRUST
We have audited the financial statements of Crystal Palace Community Development Trust for the year ended 31 March 2009 on pages 12 to 16 which have been prepared under the historical cost convention and the accounting policies set out on page 14.
This report is made solely to the charitable company's members, as a body, in accordance with Section 235 of the Companies Act 1985. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report or for the opinions we have formed.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND AUDITORS
As described on page 14 the charity's trustees, who are also the directors for the purposes of company law, are responsible for the preparation of financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK & Ireland).
We report to you our opinion as to whether the financial statements give a true and fair view and are properly prepared in accordance with the Companies Act 1985. We also report to you if, in our opinion, the Report of the Trustees is not consistent with the financial statements, if the charitable company has not kept proper accounting records, if we have not received all the information and explanations we require for our audit, or if information specified by law regarding trustees' remuneration and transactions with the company is not disclosed. We read the Report of the Trustees and consider the implications for our report if we become aware of any apparent misstatements within it.
BASIS OF OPINION
We conducted our audit in accordance with International Standards on Auditing (UK & Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the trustees in the preparation of the financial statements, and of whether the accounting policies are appropriate to the charitable company's circumstances, consistently applied and adequately disclosed.
We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements. We have undertaken the audit in accordance with the requirements of APB Ethical Standard Provisions Available for Small Entities, in the circumstances set out in Note 8 to the accounts.
OPINION
In our opinion the financial statements give a true and fair view in accordance with United Kingdom Generally Accepted Accounting Practice applicable to Smaller Entities of the state of the charitable company's affairs as at 31 March 2009 and of its incoming resources and application of resources in the year then ended and have been properly prepared in accordance with the Companies Act 1985. In our opinion the information given in the Trustees Report is consistent with the financial statements.
Andrew Thurburn & Company
Chartered Accountants & Registered Auditors
38 Tamworth Road
Croydon, Surrey
CRO 1XU
7th September 2009
Page 11
CRYSTAL PALACE COMMUNITY DEVELOPMENT TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2009
Notes Unrestricted Restricted Totals Totals Funds Funds 2009 2008 2009 2009
INCOMING RESOURCES
Income from Charitable Activities:
Grants 6 50,000 48,800 98,800 101,334
Project Income - 35,854 35,854 43,966
Activities for Generating Funds:
Bureaux Services 873 - 873 1,638
Hall Hire 83,248 - 83,248 70,736
Bank Interest Receivable 2,608 - 2,608 3,901
Sundry Income 288 - 288 -
TOTAL INCOMING RESOURCES 137,017 84,654 221,671 221,575
RESOURCES EXPENDED
Charitable Activities:
Salaries and Recruitment 90,916 39,710 130,626 135,398
Special Projects - 43,721 43,721 50,031
Other Costs 14,170 3,542 17,712 10,851
Depreciation - 9,844 9,844 6,855
Costs of Generating Funds:
PR and Promotion - 422 422 1,463
Governance Costs 1,337 - 1,337 1,307
TOTAL RESOURCES EXPENDED 3 106,423 97,239 203,662 205,905
NET INCOMING/(OUTGOING) RESOURCES
AND NET MOVEMENT IN FUNDS 30,594 (12,585) 18,009 15,670
FUND BALANCES BROUGHT FORWARD 37,696 94,790 132,486 116,816
FUND BALANCES CARRIED FORWARD £ 68,290 £ 82,205 £ 150,495 £ 132,486
Company No. 5090173
Charity No 1107343 |
Notes |
Unrestricted
Funds 2009 |
Restricted
Funds 2009 |
Totals 2009 |
Totals 2008 |
INCOMING RESORCES
Income from Charitable Activities |
|
|
|
|
|
| Grants |
6 |
50,000 |
48,800 |
98,800 |
101,334 |
| Project Income |
. |
- |
35,854 |
35,854 |
43,966 |
| Activities for Generating Funds: |
|
|
|
|
|
| Bureaux Services |
. |
873 |
. |
873 |
1,638 |
| Hall Hire |
. |
82,248 |
. |
82,248 |
70,736 |
| Bank Interest Receivable |
. |
2,608 |
. |
2,608 |
3,901 |
| Sundry Income |
. |
288 |
. |
288 |
. |
| TOTAL INCOMING RESOURCES |
. |
137,017 |
84,654 |
221,671 |
221,575 |
RESOURCES EXPENDED
Charitable Activities |
|
|
|
|
|
| Salaries And Recruitment |
. |
90,916 |
30,710 |
130,626 |
135,398 |
| Special Projects |
. |
. |
43,721 |
43,721 |
50,031 |
| Other Costs |
. |
14,170 |
3,542 |
17,712 |
10,851 |
| Depreciation |
. |
. |
9,844 |
9,844 |
6,855 |
| Cost of Generating Funds: |
|
|
|
|
|
| PR and Promotion |
. |
. |
422 |
422 |
1,463 |
| Governance Cost |
. |
1,337 |
. |
1,337 |
1,307 |
| TOTAL RESOURCES EXPENDED |
3 |
106,423 |
97,239 |
203,662 |
205,905 |
NET INCOMING/ (OUT GOING) RESOURCES
AND NET MOVEMENT FUNDS |
. |
30,594 |
(12,585) |
18,009 |
15,670 |
| FUND BALANCES BROUGHT FORWARD |
. |
37,696 |
94,790 |
132,486 |
116,816 |
| FUND BALANCES CARRIED FORWARD |
4 |
|
6,524 |
7,401 |
Page 12
Company No. 5090173
Charity No 1107343 |
Notes |
Current Assets |
2009 |
2008 |
FIXED ASSETS
Tangible Assets | 4 |
|
6,524 |
7,401 |
CURRENT ASSETS
Cash at Bank | |
158,794 |
158,794 |
143,022 |
CREDITORS
Amount Falling Due Within One Year | 5 |
|
14,823 |
17,937 |
| NET CURRENT ASSETS |
|
|
143,971 |
125,085 |
| NET ASSETS |
|
|
150,495 |
132,486 |
| Unrestricted Funds |
|
|
68,290 |
37,696 |
| Restricted Funds |
|
|
82,205 |
94,790 |
| TOTAL FUNDS |
|
|
150,000 |
132,000 |
These financial statements have been prepaired in accordance with the special provisions of part VII of the companies Act 1985 relating to small companies and with the Financial Reporting Standard for Smaller Entities ( effect January 2007 )
The accounts on this pages 10 to 14 were approved by the Trusties on and signed on their behalf by:
John Gazeley - Treasurer
7th September 2009
The notes on Pages 14 to 16 form part of these accounts.
Page 13
1. ACCOUNTING POLICIES
Basis of preparation
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP) 'Accounting by Charities' and applicable accounting standards, and under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2005).
Fund accounting
General funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity.
Restricted funds are funds subject to specific restrictive conditions imposed by the donors.
All income and expenditure is shown in the Statement of Financial Activities.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost including any incidental expenses of acquisition.
Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost on a straight line basis over their expected useful economic lives as follows:
Equipment, Furniture and Fittings over 3 years
Purchases of fixed assets that are not brought into use by the year end date are not depreciated in the year of purchase.
2. TRUSTEES' RESPONSIBILITIES FOR FINANCIAL STATEMENTS,
The Trustees, as directors, are required by company law to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the income and expenditure for that period. In preparing those financial statements, the Trustees have:
selected suitable accounting policies and then applied them consistently;
made judgements and estimates that are reasonable and prudent;
stated whether applicable accounting standards have been followed, subject to any material departure disclosed and explained in the financial statements; and
prepared the financial statements on the going concern basis.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable the Trustees to ensure that the financial statements comply with the Companies Acts. The Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
Page 14
| 3A TOTAL RESOURCES EXPENDED |
2009 |
2008 |
| includes: |
£ |
£ |
| Auditors's Renumeration: Audit Fee |
1,322 |
1.292 |
| Staff Cost: Wages and Salaries (inc. NI) |
120,033 |
124,049 |
| Social Security Costs |
10,593 |
11,349 |
| The average number of employees, analysed by function was: |
Number |
Number |
| Direct Charitable Expenditure ( full & part-time) |
11 |
12 |
| Fundraising and Publicity |
- |
- |
| No employee earned more than £60,000 per annum |
- |
- |
| 3B.TRUSTEES |
|
|
| No renumeration, directly or indirectly, out of the funds of the charity was paid or payable for the year to any Trustee. |
| 4. TANGABLE FIXED ASSETS |
|
Equipment |
| Cost |
|
£ |
| 1st April 2008 |
|
37,500 |
| Additions |
|
8,967 |
| 31st March 2009 |
|
46,467 |
| Depreciation |
|
|
| 1st April 2008 |
|
30.099 |
| Charge for Year |
|
9,844 |
| 31st March 2009 |
|
39,943 |
| |
|
|
| 31st March 2009 |
|
£6,524 |
| 31st March 2008 |
|
£7,401 |
| 5.CREDITORS |
2009 |
2008 |
| Other Creditors |
£14,823 |
£17,937 |
Page 15
| 6.GRANTS RECEIVED |
Unrestricted Funds |
Restricted Funds |
Totals 2009 |
Totals 2008 |
| LB of Lambeth |
- |
7,500 |
7,500 |
- |
| LB of Bromley |
- |
- |
- |
1,506 |
| LB of Bromley Community Fund |
- |
- |
- |
992 |
| Bromley YoF |
- |
- |
- |
3,963 |
| Jack Petchey Foudation |
- |
4,800 |
4,800 |
1,200 |
| Adventure Capital Fund |
- |
- |
- |
15,000 |
| Wates Foundation |
- |
17,500 |
17,500 |
17,500 |
| Kingswood Community Shop |
- |
7,500 |
7,500 |
- |
| Bromley Childrens Fund |
- |
- |
- |
2,984 |
| Bromley LifeLong Learning |
- |
11,500 |
11,500 |
- |
| Broomleigh Housing Association |
- |
- |
- |
8,249 |
| Others |
- |
- |
- |
9,940 |
| LB of Bromley-Management Fees |
50,000 |
- |
50,000 |
40,000 |
| TOTALS |
50,000 |
48,800 |
98,800 |
101,334 |
| 7.ANALYSIS OF FUNDS |
Unrestricted Funds |
Restricted Funds |
Totals 2009 |
Totals 2008 |
| fixed Assets |
- |
6,524 |
6,524 |
7,401 |
| Current Assets |
80,413 |
78,381 |
158,794 |
143,022 |
| Current Liabilities |
(12,123) |
(2,700) |
(14,823) |
(17,937) |
| TOTALS |
£68,290 |
£82,205 |
£150,495 |
£132,486 |
In common with many other organisations of our size and nature, we use out auditors to assist with the preparation of the financial statements.
Page 16
| OTHER CHARITABLE ACTIVITIES COST |
|
|
£2009 |
£2008 |
| Stationery & Postage |
|
|
1,478 |
953 |
| Copying and Printing |
|
|
1,145 |
1,818 |
| Communications |
|
|
1,126 |
966 |
| Computer Costs |
|
|
793 |
- |
| Repairs and Maintenance |
|
|
5,287 |
374 |
| Cleaning |
|
|
50 |
110 |
| Insurance |
|
|
2,533 |
2,413 |
| Training |
|
|
208 |
381 |
| Bank Charges |
|
|
825 |
845 |
| Legal Fees |
|
|
903 |
- |
| Utilities |
|
|
- |
200 |
| Rates |
|
|
1,594 |
1,532 |
| Miscellaneous Expenses |
|
|
1.770 |
1,259 |
| TOTALS |
|
|
17,712 |
10,851 |
| GOVERNANCE COSTS |
|
|
|
|
| Audit and Accountancy |
|
|
1,322 |
1,292 |
| Sundries |
|
|
15 |
15 |
| TOTALS |
|
|
1,337 |
1307 |
Page 17 End of Annual report
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