These summarised accounts are extracted from the Annual Accounts which were approved by the Trustee on 16 June 2018 and which have been submitted to the Charity Commissioners.
Financial Activities
These figures may not contain sufficient information to allow for a full understanding of the financial affairs of the Charity and the accounting policies adopted in their preparation. The full accounts comply with the Statement of Recommended Practice, Accounting and Reporting by Charities. For further information the full annual accounts, the Auditors’ Report on those accounts and the Trustee’s annual report should be consulted; copies can be obtained by contacting the Charity at 45a Cadogan Gardens, London, SW3 2TB.
- Financial Summary 2017/18
Statement of Financial activities
Year ended 31 March 2018
Restricted
Fund
£'000Unrestricted
Fund
£'000Endowment
Fund
£'000Total Funds
2017/18
£'000Total Funds
2016/17
£'000Income and endowment from: Charitable activities 300 5 - 305 - Property investments - - 6,275 6,275 5,699 Investments - - 1,940 1,940 2,187 Total income and endowment 300 5 8,125 8,520 7,886 Expenditure on: Raising funds - - 1,842 1,842 1,392 Charitable activities 300 10,710 - 11,010 11,718 Total expenditure 300 10,710 1,842 12,852 13,110 Net gains on property investments - - 13,495 13,495 10,413 Net gains and (losses) on investments - - (5,238) (5,238) 17,159 Net income/(expenditure) - (10,705) 14,630 3,925 22,348 Transfers between funds - 11,027 (11,027) - - Net Movement in Funds - 322 3,603 3,925 22,348 Reconciliation of funds:
Total funds brought forward- 1,250 364,083 365,333 342,985 Balance at end of year - 1,572 367,686 369,258 365,333 There are no recognised gains or losses except as shown above and all income is derived from continuing activities.
- Balance Sheet
Balance sheet
At 31 March 2018
2018
£'0002017
£'000Fixed Assets Tangible Assets 209 269 Investment properties 207,174 198,318 Investments 153,240 155,671 360,623 354,258 Current Assets Debtors 5,235 7,963 Cash at bank 4,131 949 9,366 8,912 Creditors: due within one year (3,272) (3,630) Net current Assets 6,094 5,282 369,258 365,333 Represented by: Endowment fund 369,258 364,083 Unrestricted fund 1,572 1,250 Restricted fund - - 369,258 365,333 - Grants over £40,000
Paid in 2017/18
£ Acton Park Playcentre Leisure Events (A.P.P.L.E.) 40,000 BANG Edutainment 40,000 Brent Centre for Young People 40,000 Brunswick Club Trust 40,000 Castlehaven Community Association 40,000 English National Ballet 40,000 Fitzrovia Youth in Action 40,000 Kidstime Foundation 40,000 Kiln Theatre 40,000 Kings Cross Brunswick Neighbourhood Association 40,000 London Youth 40,000 Park High School 40,000 Perivale Primary School 40,000 Respond 40,000 Resurgo 40,000 Securing Success 40,000 Showroom Gallery Ltd 40,000 St Andrew's Club 40,000 Strength in Horses 40,000 Watford FC's Community Sports and Education Trust 40,000 Westway Trust 40,000 Working with Men 40,000 Springhallow School 43,500 Hobbayne Primary School 44,000 Brentford Football Club Community Sports Trust 45,000 Harrow Club W10 45,000 London Youth 45,000 StreetGames 45,000 St John Fisher Catholic Primary School 49,300 Brent Play Association 50,000 Fulham Reach Boat Club 50,000 Gifford Primary School 50,000 Greenford High School 50,000 Lyric Theatre Hammersmith 50,000 Place2Be (Grenfell Tower Response) 50,000 Place2Be 50,000 Real Action 50,000 Redthread 50,000 Selborne Primary School 50,000 Young Hammersmith & Fulham Foundation 50,000 Young Westminster Foundation 50,000 The Media Trust 56,800 Afghan Association Paiwand 60,000 Safer London Foundation 60,000 The Primary Shakespeare Company 60,000 National Resource Centre for Supplementary Education 80,000 The Mix 86,000 Parish of St Mary Magdalene-in-Paddington 100,000 Young Barnet Foundation 200,000 Young Brent Foundation 200,000 Young Harrow Foundation 200,000 Total grants over £40,000 (includes bursaries listed on the panel below) 3,203,740 Total grants under £40,000 6,863,447 Overall total 10,067,187 - Bursaries over £40,000
Paid in 2017/18
£ The John Lyon School 144,418 North London Collegiate School 159,722 Total 304,140 - Borough Allocations
Paid in 2017/18
£ % Barnet 795,667 8 Brent 1,442,518 15 Camden 1,111,800 11 City of London 2,700 0 City of Westminster 949,090 10 Ealing 1,096,338 11 Hammersmith & Fulham 842,989 9 Harrow 861,950 9 Kensington & Chelsea 745,327 8 Discretionary 589,060 6 Discretionary - Bursary 1,329,751 14 TOTAL 9,767,188 - Allocation by Programme Area
Paid in 2017/18
£ % Arts & Science 1,043,848 11 Bursaries 1,276,308 13 Children & Families 526,264 5 Education & Learning 1,405,545 14 Emotional Wellbeing 917,750 9 Grenfell Tower Response 312,700 3 SHAF 535,143 5 Special Needs & Disabilities 397,160 4 Sport 567,000 6 Training 513,170 5 Youth Clubs & Youth Activities 1,355,400 14 Youth Issues 916,900 9 TOTAL 9,767,188 - Types of Support
Paid in 2017/18
£ % Apprenticeships 35,000 0 Buildings & Refurbishment 100,000 1 Bursaries 1,364,855 14 Core Costs 1,313,500 13 Direct project costs 4,255,354 44 Equipment - - Salary costs 2,006,900 21 School Explorer - - TOTAL 9,767,188