PIMENTO COMMUNITY PROJECT

PIMENTO COMMUNITY PROJECT

FINANCIAL STATEMENTS FOR THE YEAR ENED 31 MARCH 2018

Charity No: 10663621

Company No: 05625190

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ANNUAL REPORTS AND FINANCIAL STATEMENTS

FOR THE YEAR ENDING 31 IIARCH 2D18

CONTENTS Page

Legal and Administrative

Trustee Annual Report 4 —5

Independent Examiners Report

Statement of Financial Activities

Balance Sheet

Notes forming part of the Financial Statements 9-12

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ADMI NISTRTATIVE INFORMATION

FOR THE YEAR ENDING 31 MARCH 2018

Charity Name: Pimento Community Project

Charity Number 1063621

Company Number 05625190

Registered office and operational address: 28 Powis Gardens (Basement)

London W11 1JG

Trustees Doreen Davis MBE

Debi Tomlin

Shirley Simmonds

Serena Gustave Cohen

Accountants Community Accountancy Self Help

1 Thorpe Close

London W10 5XL

Independent Examiner Dayo Gilmore BA

335 Westbourne Park Road

London W11 1EG

Bankers Barclays PLC

London W11

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Trustee Annual Report for 1-4-1? to 31-3-18

Pimento's charitable objectives

To promote for the benefit of the inhabitants of central and West London by associating togetherthe inhabitants and the local authorities, voluntary and other organisation's to advance education

and leisure-time occupation.

To establish a community centre.

Structure and Governance

The Charity is run by a voluntary board of four Trustees who meet four times a year. Trustees arealso involved in the day to day management of the charity and in providing its service. Apart from

the Summer Scheme the charity employs no staff.

Grenfell Fire Tragedy

The Grenfell Fire continued to have a major impact on our children and the whole community ofNorth Kensington. One teenager who lives close to the Tower and witnessed the fire told us "I knowthe dust on my window sill is from dead people who used to live in the fire". It took over a year forthe crime scene of the Tower to be covered.

Activities

Pimento continued to run a supplementary school six days a week during term time for children who

are struggling in main stream school or who have been excluded from main stream school. Many ofour have statements for learning difficulties and behaviour issues. The Grenfell Fire added to thepsychological issues our children cope with on a daily basis.

We were able to run a Summer Scheme for children who would otherwise be kept in small social

housing flats for most of the summer holidays.

Westway Trust enabled us to take the children to Hind Leap residential centre for a week. This is theonly week of the year that the children get out of inner city London and their crowded social housing

flats.

Pimento was involved in a lot of case work reflecting the lack support for people in marginalised

communities and living on poorer estates. This support ranges from helping family where water wasrunning down a wall onto an electric socket next to where a child was sleeping to helping a family

adjust to 6 weeks with no money after their employer went bankrupt.

We thank all our funders and the donors for the support they have provided.

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Trustee Annual Report for 1-4-17 to 31-3-18 (continued).

Future Plans

ln the current climate of increasing need and reduced funding we plan to continue running theSupplementary School six days a week, run the summer scheme if funding is available and provide

support for parents when they are facing difficulties with state bureaucracies and larger social

housing providers.

Public Benefit

Pimento is aware of and conformed to the Charity Commissions guidance on public benefit.

Risk

The charity maintains a risk register which it updates each year and considers on a regular basis.

Financial review

The Charity had income of f39,743 and expenditure of f19,632 during the year resulting in a surplus

of f20,111and carry forward unrestricted reserves of f24, 635.

Reserves Policy.

The Charity aims to have six months expenditure as a reserve. Currently the reserve stands at 7months. This reflects fund received late in the year which while unrestricted were related to theGrenfell Tragedy.

Investment Policy.

Funds at the end of the year were less than f25,000 and were held in a bank current account which

had no charges and no interest. This reflects our current policy of minimising bank costs in a low

interest rate environment.

Signed

Print Name g~ PV5

Date

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independent examiner's report to the trustees ofPimento Cornrnnnity Project

for the year ended 31st March 2048

1 report on the accounts of the charity, which are set out on pages S to 10.

Respective responsibilities of trustees and examinerThe trustees (who are also the directors of ihe company for ihe purposes of companylaw) are responsible for the preparation of the accounts. The trustees consider that anaudit is noi required for this year under section 43(2) of the ChariTies Act l 993 (ihe1993Aci) and that an independent examination is needed The charity*s gross incomeis less than 2250,000 l am aHowed under Charities Act regulations to undertake thiseXalTH Aailofl

Having saHisfied myself that the charity is nof. subject io audit under company law and iseHgible for independent examination, ii is my responsibHity io:

examine the accounts under section 43 of the 1993Aci;

foHow the procedures laid down in ihe general directions given by the CharityCommissioners under section 43(7)(b) of the 1993Act; and

state whether particular matters have carne to my attention.

Basis of independent examiner's reportMy examination was carried oui in accordance with the general directions given by the Charity

Commission. An examination includes a review of the accounting records kept by the charity

and a comparison of the accounts presented with those records lt also indudes consideration

of any unusual items or disdosures in the accounts, and seeking explanations from you as

trustees concerning any such matters. The procedures undertaken do not provide aH the

evidence that would be required in an audit and consequently no opinion is given as towhether the accounts present a 'true and fair view' and the report is Hmited to those matters

set out in the statement below.

independent examiner'e statementln connection with my examination, no matter has come io my attention:1. which gives me reasonable cause to believe that in any material respect the requirements:

to keep accounting records in accordance with section 386 of the Companies Act

2006, and

to prepare accounts which accord with the accounting records and comply with theaccounting requirements ofsection 396 ofthe Companies Act 2606 and with themethods and principles of the Statement of Recommended Practice: Accounting and

Reporting by Charities have not been met; or2. io which, in my opinion, attention should be drawn in order io enable a proper

understanding of the accounts io be reached.

Signed Date 21January 2018

Pimento Community ProjectCharity Number 1063621


Statement of Financial Activities(Including Income 8c Expenditure Account)

The Year Ending 31 March 2018

UnrestrictedFunds

Restricted 2018 Total 2017 TotalFunds Funds Funds

E f E

Incoming Resources

Charitable Activities

GrantsSummer Play Scheme

10,000 8,390 18,390 22,4858,000

Voluntary Income

Parent Fees (summer scheme)DonationsRent

Resources ExpendedCharitable Activities

Tutors/Classroom AssistantsEducation materials etc.Supplementary School Catering

Volunteer ExpensesSummer Play SchemeArts WorkshopBreak Dancing

Operational CostsPremise CostsGovernance costsTotal Resources Expended

2,9857,130

10,623

30,738

45022

20261

3,809225

605,708

9010,627

615

9,005

2,000

1,465

5,540

9,005

3,6007,130

10,62339,743

2,45022

20261

5,274225

6011,248

9019,632

50063

58531,633

2,20075

41298

8,581

1,428279

10,485

23,558

Net Incoming (outgoing)resources for the year

Balance brought forward at1 April 2017

20,111

4,524

20,111

4,524

8,075

— 3,551

Balance carried forward at 31March 2018 24,635 24,635 4,524

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Pimento Community ProjectCharity Number 1063621


Balance Sheet(Including Income S. Expenditure Account)

At 31 March 2018

Fixed Assets

2018f

2017E

Current Assets

Debtors

Cash in hand and bank

2,08835,82137,909

9,724

9,724

Liabilities

Due within one year 13,274 5,200

Net Current Assets 24,635 4,524

Net Assets 24,635 4,524

Funds

Unrestricted

Restricted

24,635

24,635

4,524

4,524

(1) For the year ending 31 March 2018 the company was entitled to exemption under section 477 of the

Companies Act 2006 relating to small companies.

(2) The members have not required the company to obtain an audit in accordance with section 476 of the

Companies Act 2006

(3) The directors acknowledge their responsibilities for complying with the requirements of the Companies

Act 2006 with respect to accounting records and the preparation of accounts.

(4) The accounts have been prepared in accordance with the micro-entity provisions and delivered in

accordance with the provisions applicable to companies subject to the small companies' regime.

(5) The directors have decided not to file a profit and loss accounts as is allowed under the Companies Act.

The financial statements and notes on pages 6 to 10 were approved by the trustees, and

authorised for issue on 21 January 2019 and signed on their behalf by:

Sign

Print name gdgdM P~+ +~~Director and Trustee Date: 21 January 2019

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Pimento Community Project

Notes to accounts 2017-18

1. Accounting policies

The financial statements have been prepared under the historical cost convention and in accordance with

the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005) issued in

March 2005, the Financial Reporting Standard for Smaller Entities {effective April 2008) and the Companies

Act 2006.

SORP (2005) provides a number of concessions for smaller charities that are not subject to a statutory

audit. The Women's Association for African Networking and Developemnt falls within this category and has

taken advantage of these concessions (as set out in SORP 2005, Appendix 5.3)

The rinci al accountin olicies ado ted in the re aration of the financial statements are as follows.

(a) Depreciation of fixed assetsDepreciation is provided at the following annual rates in order to write off each asset over its useful life:

computers and electronic equipment: 25% of cost straight line; all other fixtures and fittings: 20% per

annum, straight line.

(b) Capital grants

Capital grants in respect of capital expenditure are credited to the Statement of Financial Activities {SOFA)

when they are received. The charity had no capital grants during the year.

(c} Income

Income from donations and grants is credited to the accounts in the period in which it is received, unless

received in advance for a subsequent period, in which case it is carried forward in creditors.

(d) Gifts

Donated services, gifts in kind and voluntary labour were not considered to be material, and have therefore

not been included in these accounts.

(e} Productions straddling two financial years

All income and expenditure is taken into the year in which the majority of performances take place.

(f) Resources expendedResources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of

any VAT which cannot be recovered. The organisation does not need to register for VAT because it is below

the threshold.

Certain expenditure is directly attributable to specific activities and has been included in those cost

categories. Certain other costs, which are attributable to more than one activity, are apportioned across

cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

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Notes to accounts 2017-18 (continued)

(g) Fund accounting

Funds held by the charity are either:

unrestricted general funds: these are funds which can be used in accordance with the charitableobjects at the discretion of the trustees;

designated funds: these are funds set aside by the trustees out of unrestricted general funds forspecific future purposes or projects;

restricted funds: these are funds which can only be used for particular restricted purposes within theobjects of the charity; restrictions arise when specified by the donor or when funds are raised for particularrestricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the accounts.

2. Corporation taxThe company is a registered charity and is therefore exempt from tax on its income and gains to the extentthat income and/or gains are applicable and applied to charitable purposes only.

3. Payments to directorsNo payments were made to any directors during the year.

4. Grants, contracts & donations

Donations

Emsee Fairburn

John Lyons

Tudor Trust

Wesbvay Trust

Unrestricted

funds

F

7,130

10,000

17,130

Restricted

funds

2,229

2,390

4,386

9,005

2018

Total

funds

7, 130

2,229

12,390

4,386

26,135

2017

Total

funds

12,000

8,000

8,538

28,538

5. Debtors

John Lyons

Westway Trust

2018

7291,3592,088

2017E

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6. Creditors and accruals

Independent. Examination

Rent

Trade

Opperational acruals

2018

40010,800

1,778296

13,274

2017

5,000

200

5,200

7. IIovements in funds

Unrestricted funds

Opening Incoming (Resources Transfers

balance resources expended)

F F f.

Closing

balance

b/f 4,524

4,524

30,738

30,738

10,627

10,627

24,635

24,635

Restricted funds

Parents Fees (Hind Leap)

John Lyons

Westway Trust

615

2,229

6,161

9,005

615

2229

6,161

9,005

8. Staff costs and numbers

There were no employees during the year.

9. Fixed assets

Net book value Total

Brought forward 1 April 2018Additions (disposals)Carried forward 31 March 2019

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10. Analysis of net assets by fund

Fixed assetsCurrent AssetsLiabilities

Unrestrictedfunds

37,909- 13,274

24,635

Restrictedfunds

f

Total

funds

37,90913,27424,635

11.Trustee expenses

Nil

12. Related parky transactionsThere are no related party transactions.

13. Independent examination and accountancy servicesDuring the period, the cost of the examination and accountancy services was f90. 2017 Nil

14. Glossary of terms

Restricted funds: These are funds given to the charity, subject to specific restrictions set by thedonor, but still within the general objects of the charity.

Designated fund: An unrestricted fund that the Trustees have allocated for a specific purpose.

Creditors: These are amounts owed by the charity, but not paid during the accounting period.

Debtors: These are amounts owed to the charity, but not received in the accounting period.

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Documents

PIMENTO COMMUNITY PROJECT