PIMENTO COMMUNITY PROJECT
FINANCIAL STATEMENTS FOR THE YEAR ENED 31 MARCH 2018
Charity No: 10663621
Company No: 05625190
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PIMENTO COMMUNITY PROJECT
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
Page 2 of 12
PIMENTO COMMUNITY PROJECT
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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PIMENTO COMMUNITY PROJECT
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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PIMENTO COMMUNITY PROJECT
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
Company Number 05625109
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
Company Number 05625109
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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Pimento Community Project
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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Pimento Community Project
Notes to accounts 2017-18 (continued)
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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Pimento Community Project
Notes to accounts 2017-18 (continued)
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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