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Company no. 02890316 Charity no. 1042581
Stockwell Park Community Trust Ltd (A company limited by guarantee) Report and Financial Statements For the Year Ended 31 March 2025
BREBNERS
Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Structure, governance and management
Status
The Trust is a charitable company limited by guarantee, incorporated on 18 January 1995 and registered as a charity on 9 December 1994.
| Governing document | The company was established under a memorandum of association which |
|---|---|
| established the objects and powers of the charitable company and is | |
| governed under its articles of association. | |
| Appointment of Trustees | The trustees are reappointed on an annual basis. The board advertises |
| and recruits for new posts and accepts new trustees once they have | |
| undergone training. Members of the Trust guarantee to contribute an | |
| amount not exceeding £1 to the assets of the charity in the event of | |
| winding up. The total number of such guarantees at 31st March 2025 was | |
| 7 (2024-8). The trustees are members of the charity but this entitles them | |
| only to voting rights. | |
| Reference and administrative details | |
| Company Number | 2890316 |
| Charity number | 1042581 |
| Operational address | Stockwell Park Community Trust Ltd |
| Aytoun Place | |
| London | |
| SW9 0UD | |
| Honorary officers | Martin Thomas Chairman |
| Principal staff | Julie Fawcett MBE Manager |
The trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Martin Thomas Timothy Goodwin Jonathan Barden MBE Charles Olorunda Ina Hughes (resigned 18 February 2025) Bernice Shand Patrick Flynn Steven Cummings (resigned 13 July 2025)
Bankers
National Westminster Bank 504 Brixton Road London SW 8EB
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Structure, governance and management
Secretary and Julie Fawcett MBE Registered Office 21 Aytoun Place Stockwell London SW9 0TE Independent examiner Darren Bond Brebners 130 Shaftesbury Avenue London W1D 5AR
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Report of the trustees
The trustees present their report and the financial statements for the year ended 31 March 2025. Reference and administrative information set out on pages 1 and 2 forms part of this report.
The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, Accounting and Reporting by Charities: Statement of Recommended Practice applicable in the UK and Republic of Ireland (FRS 102), issued on 16th July 2014 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland FRS 102 (effective 1 January 2019).
Objects of the charity
The objects of the Stockwell Park Community Trust Limited are to promote the benefit of the public, in particular those residing in and around the area designated as Stockwell Park Estate, Brixton, by advancing education, relieving poverty, providing facilities for recreation and leisure time occupation, supporting, encouraging and promoting racial harmony enlightenment and unity.
The trustees confirm that they have referred to the Charities Commission's guidance on public benefit when renewing the Trust's aims and objectives in planning future activities and setting the grant making policy for the year.
Activities and review
The Community Trust had a really busy year. As well as our daily free lunch we organised courses and entertainment for the community.
The Brixton Chamber Orchestra performed twice – once in the summer and once at our Christmas party.
We worked closely with Big Local and they arranged funding through Integrate for us to visit Southend on Sea with our teenagers, Mudchute Farm with adults, a gardening project (the hollyhocks were amazing) and our “recovering chairs” project for the elderly who each took home four chairs recovered in African materials. They also funded our Family Day in November where we showed parents around our new Homework Centre.
Good Things Foundation funded our computer courses and support for those who could not get their “tech” to work and every fortnight Laura helped over 6 residents to get online or fill out their online forms.
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Report of the trustees
SNG – our landlord – funded us to put £1,000 towards the Xmas party and £5,000 to allow our therapist to offer both free Tai Chi and a free pain clinic every Friday.
We continued to work with UAL students who designed furniture with our clients – watching prototypes turn into reality. In September the Black Film Archives hosted a night of short Black films – it was standing room only!
Capital College held a Maths Summer Fair – supporting those who had only achieved Level 1 at school, Certitude worked with the Trust to host an evening showcasing the work of clients who have learning difficulties called The Big Connect – they run an art class once a week from the Centre.
We also hosted the play “Vanity Fair” free for the community – a really stunning production. We organised wreath making sessions for Christmas decorations. The “We Are” group continued to deliver free support for “E visas” and the Trust in partnership with the Felix Project, City Harvest and the Healthy Living Platform assisted 40 local households with surplus food every Tuesday.
We continue to support both the homeless and asylum seekers through our offer of free access to computers and all other activities that were on offer.
Jess Lowry left us to go on maternity leave and we found two great people to take on some of her work. We employed a Receptionist to keep us safe post Martyn’s Law.
The Trust continues to deliver to the most vulnerable in the area as well as bringing in social and entertaining activities for our local residents. It was a good year!
Grants
Grant income in the year totalled £47,850 - £30,000 from The Walcot Foundation for the Homework Centre – not yet drawn down as Planning have held up completion of the Centre – we will be arranging a meeting with them soon, £6,000 from Action Funder, £5,850 from North Brixton Big Local and £6,000 from The Good things Foundation.
Financial review
Income for the year fell by £43,244 to £362,943 principally as a result of the "one off" Grant of £74,900 received in the previous year from The National Lottery. Current year income includes the Core Funding Grant from Sovereign Housing Association which increased by £17,167 to £210,906. Expenditure totalled £351,216 leading to a deficit in the year of £18,273 on unrestricted funds.
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Report of the trustees
Reserves policy
The Company currently has general reserves of £178,733, comfortably above the target of the equivalent of three months' expenditure.
Risk statement
The trustees and staff jointly reviewed the possible risks facing the organisation during the year. Therefore they are aware of the major risks facing the Trust and are taking adequate steps to protect the Trust. The major risks are related to the nature of the work within the community, the type of clients and the use of appropriate volunteers and community people.
Organisation structure
The board consists of 6 trustees, 4 of whom are elected by the members and 2 co-opted. A manager is appointed by the board to manage the day to day running of the company.
The trustees
The trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:
Martin Thomas Patrick Flynn Jonathan Barden MBE Charles Olorunda Ina Hughes (resigned 18 February 2025) Bernice Shand Timothy Goodwin Steven Cummings (resigned 13 July 2025)
Appointment of the trustees
The trustees are reappointed on an annual basis. The board advertises and recruits for new posts and accepts new trustees once they have undergone training. Members of the Trust guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31st March 2025 was 7 (2024 - 8). The trustees are members of the charity but this entitles them only to voting rights.
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Stockwell Park Community Trust Ltd For the year ended 31 March 2025 Report of the trustees
Independent examiners
Brebners were appointed as the charitable company's independent examiners and have expressed their willingness to continue in that capacity.
Small company provisions
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
23-Dec-25
Approved by the trustees on ……………………………. and signed on their behalf by
Martin Thomas - Trustee
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Independent examiner's report to the Trustees of Stockwell Park Community Trust Limited
I report to the charity trustees on my examination of the financial statements of the Company for the year ended 31 March 2025, which are set out on pages 8 to 17.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the financial statements of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants of England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Darren Bond for Brebners Chartered Accountants 130 Shaftesbury Avenue London W1D 5AR
23-Dec-25
…………………………………………
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Stockwell Park Community Trust Ltd Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025
----- Start of picture text -----
2025 2024
Restricted Unrestricted Total Total
Note £ £ £ £
Incoming resources
Incoming resources from charitable 2
activities 47,850 315,093 362,943 406,187
Total incoming resources 47,850 315,093 362,943 406,187
Resources expended
Governance 5,600 5,600 3,820
Charitable activities 3 17,850 327,766 345,616 320,352
Total resources expended 17,850 333,366 351,216 324,172
Net outgoing resources for the year 4 30,000 (18,273) 11,727 82,015
Reconciliation of funds
Funds at the start of the year 197,006 197,006 114,991
Funds at the end of the year 30,000 178,733 208,733 197,006
----- End of picture text -----
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 11 to the financial statements.
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Stockwell Park Community Trust Ltd Balance sheet As at 31 March 2025
| Fixed assets 7 Current assets 8 Debtors Tangible fixed assets Computers, Furniture & Fittings Cash at bank and in hand |
£ 6,770 211,060 |
2025 £ - |
2024 £ 3,311 6,380 197,108 |
|---|---|---|---|
| Creditors: amounts due within 1 year 9 |
217,830 9,097 |
203,488 9,793 |
|
| Net current assets | 208,733 | 193,695 | |
| Net assets 10 |
208,733 | 197,006 | |
| Funds 11 Restricted funds |
30,000 | - | |
| Unrestricted funds General funds |
178,733 | 197,006 | |
| Total funds | 208,733 | 197,006 |
For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Trustee responsibilities:
-
The trustees have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
-
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of the financial statements
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with FRS 102 'The Financial Reporting Standard' applicable in the UK and Republic of Ireland.
23-Dec-25
Approved by the trustees on ……………………….. and signed on their behalf by
Martin Thomas - Trustee
Company Number: 2890316 Charity Number: 1042581
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Stockwell Park Community Trust Ltd Notes to the financial statements For the year ended 31 March 2025
Company Information
The Stockwell Park Community Trust Ltd is a company limited by guarantee and has no share capital. The liability of each member does not exceed £1. It is a charity registered in England and Wales with registration number 1042581. Its company registration number is 02890316 and it is registered in England and Wales.
The company's registered office is 21 Aytoun Place, Stockwell, London SW9 0TE
Statement of Compliance
These financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland (FRS 102 SORP) (effective from 1 January 2019), together with the Companies Act 2006 and Charities Act 2011.
1. Accounting policies
Basis of preparation
Stockwell Park Community Trust Ltd has general funds of £178,733 and net current assets of £208,733 at 31 March 2025. The manager and trustees continue to seek additional unrestricted funding and closely monitor expenditure. They are also exploring a range of possibilities to ensure that the Charity maintains adequate financing facilities. After making enquries, the trustees have a reasonable expectation that the charity has adequate resources to be able to pay its liabilities when they fall due. On this basis, the trustees consider it is appropriate to prepare the financial statements on a going concern basis for the year ended 31 March 2025.
These financial statements have been prepared using historical cost convention, except any items disclosed in the accounting policies as being shown at fair value, and are presented in sterling, which is the functional currency of the entity. The figures presented in the accounts are rounded to the nearest £1.
The trust constitutes a public benefit entity as defined by FRS 102.
Incoming resources
Voluntary income is received by way of donations and gifts and is included in full in the statement of financial activities when receivable. Intangible income is recognised as an incoming resource where the provider of the service has incurred a financial cost. Volunteer time is not included in the financial statements.
Grants are recognised in full in the statement of financial activities in the year in which they are receivable.
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Stockwell Park Community Trust Ltd Notes to the financial statements For the year ended 31 March 2025
1. Accounting policies (continued)
Grants for the purchase of fixed assets are credited to restricted incoming resources when receivable. Depreciation of fixed assets purchased with such grants is charged against the restricted fund. Where a fixed asset is donated to the Trust for its own use, it is treated in a similar way to a restricted grant.
Room and equipment hire is recognised in the financial statements in the period in which these services are provided to local groups.
Resources expended
Resources expended are recognised in the period in which they are incurred. Resources expended include attributable VAT which cannot be recovered.
Resources expended are allocated to a particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned based on staff time attributable to each activity.
Governance costs include the management of the charitable company's assets, organisational management and compliance with constitutional and statutory requirements.
Trade and other debtors
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities.
Trade and other creditors
Trade and other creditors are initially recognised at the transaction price and are thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
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Stockwell Park Community Trust Ltd Notes to the financial statements For the year ended 31 March 2025
1. Accounting policies (continued)
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:
Computers, furniture & other equipment 33% straight line
Items of equipment are capitalised where the purchase price exceeds £800. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.
Restricted Funds
Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund together with a fair allocation of management and support costs.
Unrestricted Funds
Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity.
Leases
Rentals payable under operating leases, where substantially all the risks and rewards of ownership remain with the lessor, are charged to the statement of financial activities in a straight line basis over the length of the lease. There were no such operating leases in the financial year.
Legal cases outstanding at the year end are disclosed as contingent liabilities until the outcome can be reasonably estimated at which point the costs are provided for.
2. Incoming resources from charitable activities
| Grants Core funding & hall hire income Donations |
Restricted £ 47,850 47,850 |
Unrestricted £ - 313,638 1,455 315,093 |
2025 Total £ 47,850 313,638 1,455 362,943 |
2024 Total £ 94,490 311,697 - 406,187 |
|---|---|---|---|---|
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Stockwell Park Community Trust Ltd Notes to the financial statements For the year ended 31 March 2025
3. Total resources expended
| Staff Costs (Note 5) Health & Safety Equipment, Printing & Stationery Repairs & Maintenance IT Support Office Costs Independent examiner and accountancy fees Consultancy and Freelance Costs Insurance Bank Charges Charitable Support & Sundry Expenses Project Costs & Events Depreciation of Furniture & Fittings & IT Equipment |
Community Centre £ 238,003 354 6,860 2,630 25,323 31,440 8,838 3,847 316 10,652 14,042 3,311 345,616 |
Governance £ 5,600 5,600 |
2025 £ 238,003 354 6,860 2,630 25,323 31,440 5,600 8,838 3,847 316 10,652 14,042 3,311 351,216 |
2024 £ 203,511 1,581 1,894 11,222 21,612 39,200 3,820 9,531 2,427 420 11,240 12,473 5,241 324,172 |
|---|---|---|---|---|
The charity operates one principal charitable activity to run the Community Centre at Community Hall, Aytoun Place, Stockwell, London. All of its resources are expended for this purpose and all governance costs have been allocated above to this charitable activity.
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Stockwell Park Community Trust Ltd Notes to the financial statements for the year ended 31 March 2025
4. Net outgoing resources for the year
This is stated after charging / crediting:
| Depreciation Trustees' remuneration Trustees' reimbursed expenses Independent examiner's remuneration: Year to 31 March 2025 5. Staff costs and numbers Staff costs were as follows: Salaries and wages Pension contributions Social security costs Year to 31 March 2024 |
2025 3,311 - - 5,000 600 219,464 7,160 11,379 238,003 |
2024 £ 5,241 - - 4,500 (180) 188,746 5,758 7,657 202,161 |
|---|---|---|
Total remuneration due to key management personnel during the year was £46,417 (2024: £45,234)
No Employee earned more than £60,000 during the year.
The average weekly number of employees during the year was as follows:
| Community centre | 2025 12 12 |
2024 13 13 |
|---|---|---|
6. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.
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Stockwell Park Community Trust Ltd Notes to the financial statements for the year ended 31 March 2025
7. Tangible fixed assets
| Cost At the start of the year At the end of the year Depreciation At the start of the year Charge for the year At the end of the year 8. Debtors Trade debtors & prepayments 9. Creditors: amounts due within 1 year Trade creditors and accruals Net book value At the end of the year At the start of the year |
Furniture & Equipment £ 58,322 58,322 55,011 3,311 58,322 - 3,311 2025 £ 6,770 6,770 2025 £ 9,097 9,097 |
Total £ 58,322 58,322 55,011 3,311 58,322 - 3,311 2024 £ 6,380 6,380 2024 £ 9,793 9,793 |
|---|---|---|
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Stockwell Park Community Trust Ltd Notes to the financial statements for the year ended 31 March 2025
10. Analysis of net assets between funds
| Tangible fixed assets Net current assets Net assets at the end of the year 11. Movements in funds Walcot Foundation Action Funder North Brixton Big Local Good Things Foundation Total restricted funds Unrestricted funds General Funds Total unrestricted funds Total Funds Restricted funds |
At 31 March 2024 £ - - - - At 31 March 2024 £ 197,006 197,006 197,006 |
Restricted funds £ - 30,000 30,000 Incoming £ 30,000 6,000 5,850 6,000 47,850 Incoming £ 315,093 315,093 362,943 |
Unrestricted funds £ - 178,733 178,733 Outgoing £ - 6,000 5,850 6,000 17,850 Outgoing £ 333,366 333,366 351,216 |
Total funds £ - 208,733 208,733 At 31 March 2025 £ 30,000 - - - 30,000 At 31 March 2025 £ 178,733 178,733 208,733 |
|---|---|---|---|---|
Name of fund
Description, nature and purpose of fund
Action Funder
A grant management platform that helps organisations find, fund and follow community projects. The platform matches organisations with local community projects across the UK.
North Brixton Big Local
Good Things Foundation
Funding gives local people the power to identify and address the needs that matter most. The goal is to bring together local talent, ambitions, skills, and energy to make North Brixton an even better place to live.
The National Digital Inclusion Network is made up of over 7,500 organisations in the UK, all working to fix the digital divide. Known as Digital Inclusion Hubs, each organisation is different and all deliver a range of free services to help people in their local communities access or learn how to use the internet.
Walcot Foundation
An independent foundation, operating solely in the London borough of Lambeth, that offer a range of economic and social support, primarily to young individuals, schools and community groups so as to transform their prospects in the borough.
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Stockwell Park Community Trust Ltd Notes to the financial statements for the year ended 31 March 2025
----- Start of picture text -----
At 31 March At 31 March
2023 Incoming Outgoing 2024
£ £ £ £
Restricted funds
- -
The National Lottery Trust Fund 74,990 74,990
Total restricted funds - 74,990 74,990 -
At 31 March At 31 March
2023 Incoming Outgoing 2024
£ £ £ £
Unrestricted funds
General Funds 114,991 331,197 249,182 197,006
Total unrestricted funds 114,991 331,197 249,182 197,006
Total Funds 114,991 406,187 324,172 197,006
Name of fund Description, nature and purpose of fund
----- End of picture text -----
The National Lottery Trust Fund
Funding to help those who are significantly disadvantaged and who are unable to deal with the Cost of Living Crisis.
12. Related party transaction
During the year the charity received £210,906 in Core Funding from Sovereign Network Group (SNG), the Charity's landlord. SNG includes Community Trust Housing which entered into an Intra-Trust Agreement in 2010 under the terms of which CTH has undertaken to provide Core Funding to cover operational expenditure such as salaries and services.
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