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 from £40,000 2018/19
Paid in 2017/18
£ Acton Park Playcentre Leisure Events 40,000 Belmont School 40,000 Brent Centre for Young People 40,000 Carnival Village Trust 40,000 Castlehaven Community Association 40,000 English National Ballet 40,000 Fitzrovia Youth in Action 40,000 Helena Kennedy Foundation 40,000 Kiln Theatre 40,000 Kings Cross Brunswick Neighbourhood Association 40,000 London Chamber Orchestra Trust 40,000 Orchestra of the Age of Enlightenment 40,000 Our Time 40,000 Park High School 40,000 Perivale Primary School 40,000 Respond 40,000 Resurgo 40,000 St Andrew's Club 40,000 Strength in Horses 40,000 Working with Men 40,000 Young Roots 40,000 Allenby Primary School 40,500 St John Fisher Catholic Primary Voluntary Academy 40,600 Kensington Dragons Football Club 42,000 London Village Network 42,000 Royal Albert Hall Trust 42,040 Hobbayne Primary School 44,000 Art Against Knives 45,000 Brentford Football Club Community Sports Trust 45,000 Camden Arts Centre 45,000 Colindale Communities Trust 45,000 London Youth 45,000 Priestmead Primary School and Nursery 45,000 Securing Success 45,000 Winchester Project 45,000 Wormwood Scrubs Pony Centre 45,000 Pavilion Study Centre 46,000 The Mix 46,000 Brent Play Association 50,000 Fulham Reach Boat Club 50,000 Gifford Primary School 50,000 Greenford High School 50,000 Paddington Development Trust 50,000 Place2Be 50,000 Real Action 50,000 Redthread 50,000 Selborne Primary School 50,000 Young Camden Foundation 50,000 Young Hammersmith & Fulham Foundation 50,000 Young Westminster Foundation 50,000 The Media Trust 56,800 The Media Trust 59,000 Primrose Hill Primary School 60,000 St James Senior Girls’ School 71,355 Kensington & Chelsea YPF 100,000 Lyric Theatre Hammersmith 100,000 Young Ealing Foundation 100,000 The Primary Shakespeare Company 210,000 National Resource Centre for Supplementary Education 380,000 Young Barnet Foundation 390,000 Young Brent Foundation 390,000 Total grants from £40,000 (includes bursaries listed on the panel below) 4,807,062 Total grants under £40,000 7,448,006 Overall total 12,255,068 - Bursaries from £40,000 2018/19
Paid in 2017/18
£ The John Lyon School 149,849 North London Collegiate School 161,918 Young Harrow Foundation 390,000 Total 4,807,062 - 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