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← Commonside Community Development Trust

2025-03-31-accounts

Docusign Envelope ID: C0D2C044-3C37-4F3F-A202-DDC4375C225E

Charity registration number 1089578 (England and Wales) Company registration number 04189863

COMMONSIDE COMMUNITY DEVELOPMENT TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees Mireille Yando-Gelezi (Chair)
Samantha Malin (Trustee)
Ayodeji Ayorinde (Trustee)
Paula Bysouth (Trustee)
Cheryl Giddy-Larocque (Trustee)
Syed Hussain (Trustee)
Dionne McDowell (Trustee)
Dean Willis (Trustee)
Jean Wisbey (Trustee)
Mariah Attakpah (Trustee)
Secretary Samantha Malin
Charity number (England and Wales) 1089578
Company number 04189863
Registered office New Horizon Centre
South Lodge Avenue
Mitcham
Surrey
CR4 1LT
Independent examiner Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Bankers Santander
Bridle Road, Bootle
Merseyside
L304GB

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

CONTENTS

Page
Trustees report 1 - 2
Statement of Trustees responsibilities 3
Chairman's statement 4 - 5
Treasurer's Report 7
Independent examiner's report 6
Statement of financial activities 8
Balance sheet 9
Statement of cash flows 13
Notes to the financial statements 10 - 19

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The Trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 Republic of Ireland (FRS 102)".

Structure, governance and management

The is a charitable company limited by guarantee, incorporated on 29 March 2001 and registered as a charity on 30 November 2001.

The Trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Mireille Yando-Gelezi (Chair) Samantha Malin (Trustee) Ayodeji Ayorinde (Trustee) Paula Bysouth (Trustee) Cheryl Giddy-Larocque (Trustee) Syed Hussain (Trustee) Dionne McDowell (Trustee) Dean Willis (Trustee) Jean Wisbey (Trustee) Mariah Attakpah (Trustee)

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Objectives and activities

The Charity's objectives and principal activities are to work with local people in East Mitcham to address poverty and worklessness by running projects promoting good health, learning, entrepreneurship, creativity, good citizenship and sustainable development.

Achievements and performance

The Chairman's summary follows this report.

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TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

These accounts are telling us that our income has fallen since the previous year and that our expenditure has also fallen. Income fell by around 20% whilst expenditure fell by around 18% and this is clearly not an overall position that we want to be in for long. Compared to the previous year, there was no inflated income figure relating to the receipt of emergency funding for Ukrainians in Merton and so this set of accounts does represent more accurately the size of the Commonside Trust and the work that we do.

Despite the fact that the decrease in expenditure does not fully match the fall in funding, when we look at the shocks in the system during this financial year related in particular to our utilities costs, our electricity bills have almost tripled. This is why applying for energy efficiency grant funding became essential in 2024 and was prioritised. This work has been on-going such that we hope to reap the benefits throughout 2025 and onwards.

In the light of the trading conditions we were observing, towards the end of 2023/24 we reduced the number of staff on payroll and began a restructure of our services. We expect to see the benefit of this reduction in expenditure throughout 2025 also.

The Trustees report was approved by the Board of Trustees.

.............................. Samantha Malin Secretary and Trustee

9/12/2025 | 14:52 GMT Date: .............................................

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF TRUSTEES RESPONSIBILITIES

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Company law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was signed by the board on the {date} and signed on its behalf by

..............................

Samantha Malin

Secretary

9/12/2025 | 14:52 GMT Date: ...........................................

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

CHAIRMAN'S STATEMENT

FOR THE YEAR ENDED 31 MARCH 2025

Chairs Report for 2024/2025

This year at Commonside has been full of challenges and achievements. Despite the impact of redundancies and the stress of managing a difficult cashflow, our community spirit has remained strong. Together, with our partners, supporters and neighbours, we’ve built on our work to support local people, improve our facilities, and strengthen Pollards Hill as a place where everyone can feel proud to belong.

Supporting Vulnerable People

• We continued to work closely with the Polish Family Association and supported refugees from Ukraine, while also taking part regularly in Borough of Sanctuary meetings with Merton Council.

• We welcomed Shaq into our team, someone we first met when he was sleeping on night buses. With support, he has now secured temporary housing and is working as a paid caretaker at the Centre.

• We developed a strong relationship with Merton Public Health’s Drug and Alcohol team and their service provider, Via, so that we can better engage local people experiencing substance misuse issues.

• South West London Law Centres began running weekly drop-in advice sessions at the New Horizon Centre, offering support with benefits, debt, Universal Credit migration, and housing. They also delivered free webinars on disability benefits, carers’ support, and money management.

Building Partnerships and Community Safety

• We worked closely with the Council’s Civic Contingencies Team, sharing what we learned from hosting the Rest Centre during the Galpins Road disaster. With GLA funding, we are contributing to wider London forums and will be publishing a leaflet in 2025.

• We formed an alliance with Pollards Hill Baptist Church, the local MP, Met Police and Merton Council to address local fears around violence, gang-related crime and community safety. This collaboration continues to have a positive impact.

• We invited and hosted Cllr Kaweesa, Cllr Cooper-Marbiah and Cllr Aidan Mundy to visit our summer holiday camp, run in partnership with Clem Orgagbe at Head4Goal, showcasing our community-led youth activities.

Community Life and Activities

• The Centre remains a hub for regular activities including our Tuesday Supper Club, Wednesday community singing group and Friday yoga sessions. These continue to help people stay connected, healthy and supported on a tight budget.

• Our monthly Jumble Sales provide affordable clothing, toys and household items, while also reducing waste and encouraging recycling.

• In September 2024, ParkPlay Pollards Hill launched at Sherwood Park Rec, supported by Sport England and the National Lottery. This free, weekly outdoor play brings families and all generations together in active fun.

• Over the summer, we ran a four-week holiday programme for families with SEN children, co-designed with parents. Activities included sports, cooking, film screenings and Lego play, with support from Merton Mencap.

• Our Lunch Club for older residents raised funds for trips to Eastbourne and RHS Wisley Gardens, giving members an affordable and joyful day out.

• Our Quiz Nights have been a highlight, bringing neighbours together for fun and fundraising. Proceeds supported our Christmas programme, ensuring older people and families received a small festive gift.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

CHAIRMAN'S STATEMENT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Improving the New Horizon Centre

• Thanks to capital grants from Merton Council and central government, we invested around £220,000 into refurbishments: installing smart new flooring, upgrading the stage in the Main Hall, and replacing windows and frames to improve energy efficiency. Further works are planned for later in 2025.

Tackling Local Issues Together

• In August 2024, a well-attended public meeting at the Centre highlighted community concerns about fly-tipping, littering and waste management in Pollards Hill. We continue to work with residents, schools and the council to promote pride in the area and build solutions together.

• We also hosted Merton Council’s Cost of Living Crisis support event in April 2025, bringing together local agencies and providing supermarket vouchers to those in need.

Looking Ahead

This year has shown us the strength and resilience of our community. From supporting individuals in crisis to creating joyful moments through play, trips, and celebrations, Commonside has continued to make a real difference in people’s lives.

We want to thank our volunteers, partners, funders, staff, and the many local people who join in, contribute, and support our work. Together, we will keep building a thriving, welcoming and safe community in Pollards Hill.

.............................. Mireille Yando-Gelezi Chairman 15/12/2025 | 17:06 GMT Date: .........................

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF COMMONSIDE COMMUNITY DEVELOPMENT TRUST

I report to the Trustees on my examination of the financial statements of Commonside Community Development Trust (the ) for the year ended 31 March 2025.

Responsibilities and basis of report

As the Trustees of the (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.

Having satisfied myself that the financial statements of the are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the ’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the ’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, 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 that in any material respect:

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.

Leigh Dudley FCCA Ellacotts LLP

Countrywide House 23 West Bar Banbury Oxfordshire OX16 9SA England Date: ............................ 16/12/2025 | 08:58 GMT

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

TREASURER'S REPORT FOR THE YEAR ENDED 31 MARCH 2025

Treasurer Report 2024-25

This was my first year as Treasurer having previously been the Secretary of the Trust.

Conditions remain challenging for small charities such as Commonside and grant income during the financial year was down on the previous year. Work is being undertaken on an ongoing basis to ensure that the Trust maximises grant income going forward, particularly unreserved grant income. It is worth noting that work is being undertaken with a view to identifying ways of attracting larger grants if at all possible.

Work is also being undertaken to seek further ways to maximize the income received from the rental of space at the New Horizon Centre. This work includes reviewing the rental rates charged as well as seeking new ways to attract paying clients to the Centre. To that end, it is hoped that the rear garden of the Centre will be entirely redeveloped in the very near future which should lead to the main hall of the Centre being a more attractive hire venue and lead to increased rental income through greater usage, particularly over the warmer months.

Ways to market the Centre’s facilities to a greater local audience are also being reviewed. It is hoped that the Trust can increase this income stream during the 2025/6 year which will alleviate some of the financial pressure on the Trust.

The restructuring of Commonside’s offering was completed during this financial year and the redundancy process which affected a number of staff was finalised. That inevitably led to redundancy payouts which were recorded in this year’s figures. The amount spent in salaries has now decreased overall with the full effect to be clear in the 2025/6 financial year.

Overall, the Trust is on a relatively even keel financially. Whilst total income for the year was down on the 2023/4 year, expenditure was also down meaning that the Trust made only slightly less profit than the previous year.

The finances of the Trust continue to be closely monitored by the Board, the FInance Manager, and The Director and The Board are grateful for the ongoing work of the Director and Finance Manager in managing the Trust’s financial position.

..............................

Deji Ajorinde Treasurer

Date: ......................... 15/12/2025 | 20:24 GMT

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
Notes £ £ £ £ £ £
Income from:
Donations and legacies 3 260,733 258,612 519,345 262,316 382,332 644,648
Investments 4 164 - 164 34 - 34
Total income 260,897 258,612 519,509 262,350 382,332 644,682
Expenditure on:
Charitable activities 5 256,563 274,647 531,210 261,653 396,481 658,134
Total expenditure 256,563 274,647 531,210 261,653 396,481 658,134
Net income/(expenditure) and Net income/(expenditure) and
movement in funds 4,334 (16,035) (11,701) 697 (14,149) (13,452)
Reconciliation of funds:
Fund balances at 1 April 2024 Fund balances at 1 April 2024 35,875 53,851 89,726 35,178 68,000 103,178
Fund balances at 31 March
2025 40,209 37,816 78,025 35,875 53,851 89,726

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

BALANCE SHEET AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 11 2,661 3,662
Current assets
Debtors 12 43,035 58,434
Cash at bank and in hand 88,012 69,852
131,047 128,286
Creditors: amounts falling due within 13
one year (55,683) (42,222)
Net current assets 75,364 86,064
Total assets less current liabilities 78,025 89,726
The funds of the
Restricted income funds 15 37,816 53,851
Unrestricted funds 16 40,209 35,875
78,025 89,726

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

15/12/2025 | 17:06 GMT

The financial statements were approved by the Trustees on .........................

.............................. .............................. Mireille Yando-Genleri Pastor Deji Ajorinde Director Director

Company registration number 04189863 (England and Wales)

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Commonside Community Development Trust is a private company limited by guarantee incorporated in England and Wales. The registered office is New Horizon Centre, South Lodge Avenue, Mitcham, Surrey, CR4 1LT.

1.1 Accounting convention

The financial statements have been prepared in accordance with the 's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 Republic of Ireland (FRS 102)". The is a Public Benefit Entity as defined by FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the . Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the .

1.4 Income

Income is recognised when the is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% Reducing Balance Fixtures and fittings 25% Reducing Balance Toys Fully depreciated at the year end

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.7 Impairment of fixed assets

At each reporting end date, the reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the 's balance sheet when the becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes £ £ £ £
Cash flows from operating activities
Cash generated from operations 20 17,996 4,827
Investing activities
Purchase of tangible fixed assets - (4,258)
Investment income received 164 34
Net cash generated from/(used in) investing
activities 164 (4,224)
Net cash generated from financing activities - -
Net increase in cash and cash equivalents 18,160 603
Cash and cash equivalents at beginning of year 69,852 69,249
Cash and cash equivalents at end of year 88,012 69,852

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

2 Critical accounting estimates and judgements

In the application of the ’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3 Income from donations and legacies

Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Donations and gifts 69,893 - 69,893 1,191 - 1,191
Grants 5,090 258,612 263,702 73,663 382,332 455,995
Lunch Club 17,982 - 17,982 19,387 - 19,387
NHC Event Income 11,893 - 11,893 11,380 - 11,380
Room Rents 155,875 - 155,875 156,695 - 156,695
260,733 258,612 519,345 262,316 382,332 644,648

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 164 34

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

5 Expenditure on charitable activities

Unrestricted Restricted Total Unrestricted Restricted Total
Funds Funds Funds Funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Direct costs
Salaries and wages 68,694 206,082 274,776 78,808 236,425 315,233
Employer's NIC 4,492 13,475 17,967 3,187 9,560 12,747
Staff - Pension costs 3,417 10,250 13,667 5,340 16,021 21,361
Ukraine costs - - - - 70,542 70,542
Training - - - 2,700 - 2,700
Programme expenses 11,666 - 11,666 694 - 694
NHC Event expenses - 40,274 40,274 - 40,771 40,771
Lunch club and canteen 6,194 - 6,194 15,551 - 15,551
NHC Rent and rates 4,789 - 4,789 24,260 - 24,260
Pollard pass costs - 4,566 4,566 - 23,163 23,163
99,252 274,647 373,899 130,540 396,482 527,022
Share of support and governance costs (see note 6)
Support 157,311 - 157,311 131,113 - 131,113
256,563 274,647 531,210 261,653 396,482 658,135
Analysis by fund
Unrestricted funds 256,563 - 256,563 261,653 - 261,653
Restricted funds - 274,647 274,647 - 396,482 396,482
256,563 274,647 531,210 261,653 396,482 658,135

Docusign Envelope ID: C0D2C044-3C37-4F3F-A202-DDC4375C225E

COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

6 Support costs allocated to activities

6 Support costs allocated to activities
2025 2024
£ £
Premises expenses 1,144 4,290
Light and heat 47,214 52,235
Cleaning 5,794 8,267
Insurance 4,015 6,044
Repairs and maintenance 39,128 13,049
Telephone, Website and IT 16,133 16,327
Marketing and advertising - 1,139
Memberships and subscriptions 1,056 1,533
Sundry expenses 2,547 4,808
Print, postage and stationery 5,383 6,141
Governance costs 34,897 17,280
157,311 131,113
Analysed between:
Unrestricted Funds 157,311 131,113
7 Net movement in funds 2025 2024
£ £
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements 2,122 1,920
Depreciation of owned tangible fixed assets 1,001 749

8 Trustees

None of the Trustees (or any persons connected with them) received any remuneration or benefits from the during the year.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Direct Charitable Work 9 16
Management and Administration 3 1
Total 12 17

There were no employees whose annual remuneration was more than £60,000.

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COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Tangible fixed assets
Plant and Plant and
Fixtures and		 Toys Total
equipment fittings
£ £ £ £
Cost
At 1 April 2024 20,431 7,161 300 27,892
At 31 March 2025 20,431 7,161 300 27,892
Depreciation and impairment
At 1 April 2024 18,219 5,711 300 24,230
Depreciation charged in the year 626 375 - 1,001
At 31 March 2025 18,845 6,086 300 25,231
Carrying amount
At 31 March 2025 1,586 1,075 - 2,661
At 31 March 2024 2,212 1,450 - 3,662
12 Debtors
2025 2024
Amounts falling due within one year: £ £
Trade debtors 40,529 55,957
Other debtors 801 800
Prepayments and accrued income 1,705 1,676
43,035 58,433
13 Creditors: amounts falling due within one year
2025 2024
Notes £ £
Deferred Income - Government Grants 14 51,962 40,302
Trade creditors 299 -
Other creditors 1,310 -
Accruals 2,112 1,920
55,683 42,222

14 Deferred Income

Deferred income is included in the financial statements as follows:

Docusign Envelope ID: C0D2C044-3C37-4F3F-A202-DDC4375C225E

COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

14 Deferred Income

Deferred Income (Continued)
2025 2024
£ £
Deferred income is included within:
Current liabilities 51,962 40,302
Movements in the year:
Deferred income at 1 April 2024 40,302 -
Resources deferred in the year 11,660 40,302
Deferred income at 31 March 2025 51,962 40,302

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
Merton County Council Grant 53,851 258,612 (274,647) 37,816
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
Merton County Council Grant 68,000 382,332 (396,481) 53,851

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 35,875 260,897 (256,563) 40,209
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 35,178 262,350 (261,653) 35,875

Docusign Envelope ID: C0D2C044-3C37-4F3F-A202-DDC4375C225E

COMMONSIDE COMMUNITY DEVELOPMENT TRUST

STATEMENT OF CASH FLOWS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

17 Analysis of net assets between funds

Unrestricted Restricted Total
funds funds
2025 2025 2025
£ £ £
At 31 March 2025:
Tangible assets 2,661 - 2,661
Current assets/(liabilities) 37,548 37,816 75,364
40,209 37,816 78,025
Unrestricted Restricted Total
funds funds
2024 2024 2024
£ £ £
At 31 March 2024:
Tangible assets 3,662 - 3,662
Current assets/(liabilities) 32,213 53,851 86,064
35,875 53,851 89,726

18 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).

19 Analysis of changes in net funds

The had no material debt during the year.

20 Cash generated from operations 2025 2024
£ £
Deficit for the year (11,701) (13,453)
Adjustments for:
Investment income recognised in statement of financial activities (164) (34)
Depreciation and impairment of tangible fixed assets 915 749
Movements in working capital:
Decrease/(increase) in debtors 15,398 (23,217)
Increase in creditors 1,801 480
Increase in deferred income 11,660 40,302
Cash generated from operations 17,909 4,827