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2021-10-31-accounts

London Community.. College Annual Report atid Financial Statements Year ended 31 Octobei 2021 England and Wales Registered Charity Number 1093358 England and Wales Company Registration Number 04200373 "' www.londoncommutiitycollege.co.uk

LONDON COMMUNITY COLLEGE

YEAR ENDED 31 OCTOBER 2021

CONTENTS

Charity Information 3
Trustees Annual Report 4-6
Independent Auditor’s Report 7-10
Statement of Financial Activities 11
Balance Sheet 12
NotestotheFinancialStatement 13-16

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LONDON COMMUNITY COLLEGE

YEAR ENDED 31 OCTOBER 2021 YEAR ENDED 31 OCTOBER 2021
CHARITY INFORMATION
Registered Charity Name London Community College
Charity Registration Number 1093358
Principal Office Memo House,
Kendal Avenue
London
W3 OXA
Trustees Mr SBA
Zaidi
Mrs H Z Zaidi
MrMH Zaidi (appointed 5 April 2021)
Auditors KK Associates
Chartered Accountants
305 Crown House
North Circular Road
Park Royal
London NW10 7PN
Bankers Barclays BankPLC
1 Churchill Place
LondonE145HP

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LONDON COMMUNITY COLLEGE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 OCTOBER 2021

The trustees present their report and accounts for the year ended 31 October 2021. The accounts have been prepared in accordance with the accounting policies set out in note | to the accounts and comply with the charity’s governing document, the Charities Act 2011 and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard FRS 102 issued in 2019.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The affairs of London Community College are governed by the memorandum and articles of association written on incorporation on 17 April 2001 as amended by special resolution dated 13 June 2002. The charity is managed by a board oftrustees. In the year ended 31 October 2021, the following persons served as trustees:

Mr SB A Zaidi Mrs H Z Zaidi Mr M H Zaidi (appointed 5 April 2021)

OBJECTIVES AND ACTIVITIES

The charity's objectives and its principal activity continues to be that of providing education and training to refugees, asylum seekers, ethnic minorities, over 50 year olds and long term unemployed. The charity continues to work on the training needs of small businesses, unemployed people, and ethnic minorities to raise the level of educational achievement among SMEs' staff, dispossessed groups and to increase their life chances in the employment market.

FINANCIAL REVIEW

The present level of funding is adequate to support the continuation of the training programs now in operation for the short-term and the trustees consider the financial position of the charity to be satisfactory.

RISK MANAGEMENT

The charity takes robust steps to manage the risks involved in achieving of its aim and objectives. The Board of Trustees reviews significant risks, and makes sure that they are taking appropriate measures to manage and reduce their impact. Managers manage resources, monitor performance and have also established, and manage, an effective internal control environment. This is supported by systems, processes and procedures.

PUBLIC BENEFIT

The charity develops strategic plans to make certain that we provide maximum public benefit and achieve our strategic objectives, which fall under purposes defined by the Charities Act 2011.

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LONDON COMMUNITY COLLEGE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 OCTOBER 2021

RESPONSIBILITIES OF THE TRUSTEES

The charity's trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.

The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and the income and expenditure of the charity for that period.

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

select suitable accounting policies and then apply them consistently;

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

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LONDON COMMUNITY COLLEGE

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 OCTOBER 2021

AUDITORS

Each of the persons who is trustee at the date of approval of this report confirms that:

K K Associates, Chartered Accountants and Registered Auditors, have been re-appointed as auditors for the ensuing year.

Signed on behalf of the trustees

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— ie b
rSBA Zaidi
Trustee
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Memo House, 1* Floor Kendal Avenue London W3 0OXA

Date: 26 July 2022

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LONDON COMMUNITY COLLEGE Company Limited by Guarantee

Independent Auditor's Report to the Members of LONDON COMMUNITY

COLLEGE

Year ended 31 October 2021

Opinion

We have audited the financial statements of London Community College (the ‘charitable company') for the year ended 31 October 2021 which comprise the statement of financial activities (including income and expenditure account), statement of financial position, statement of cash flows and the related notes, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees! use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

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LONDON COMMUNITY COLLEGE Company Limited by Guarantee Independent Auditor's Report to the Members of LONDON COMMUNITY

COLLEGE ¢eontinued)

Year ended 31 October 2021

Other information

The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon, The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

‘the directors’ report included within the trustees! report has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: ‘adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or ‘the financial statements are not in agreement with the accounting records and returns; or ‘certain disclosures of trustees' remuneration specified by law are not made; or * we have not received all the information and explanations we require for our audit; or ‘the trustees were not entitled to prepare the financial statements in accordance with the small companies’ regime and take advantage of the small companies’ exemptions in preparing the trustees’ report and from the requirement to prepare a strategic report.

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LONDON COMMUNITY COLLEGE Company Limited by Guarantee

Independent Auditor's Report to the Members of LONDON COMMUNITY COLLEGE (continued) Year ended 31 October 2021

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement, the trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: ‘we obtained an understanding of the legal and regulatory frameworks that are applicable to the entity, which it has to comply with. Our audit tests included tests to check this compliance to the extent that we are expected to do so. * inour risk assessment process detailed discussions and planning took place to ensure that our audit procedures are so designed that any material irregularity including fraud will be uncovered when we carry out our tests. ‘in addition, our meetings with the company's management included enquiries that were focused on detection of irregularities including fraud. Discussions included consideration of the risk of management override on controls and segregation of duties. ‘as part of our audit, we reviewed all significant transactions that took place during the year. In addition, we reviewed Board minutes and any correspondence with all regulatory authorities.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: ‘Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Eo

LONDON COMMUNITY COLLEGE Company Limited by Guarantee

Independent Auditor's Report to the Members of LONDON COMMUNITY

COLLEGE (continued)

Year ended 31 October 2021

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006, Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kamal A. Kureshi

(Senior Statutory Auditor)

For and on behalf of K K Associates, Statutory Auditor 305 Crown House, North Circular Road Park Royal, London NW10 7PN 26 July 2022

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LONDON COMMUNITY COLLEGE

STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 OCTOBER 2021

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2021 2020
INCOMEAND ae . ?
ENDOWMENTS FROM:
Donations 2 11,733 457,587 469,320 392,
/31
TOTAL INCOME 11,733 457,587 469,320 392,73
EXPENDITURE ON:
Charitable activities 3 (3,891) (454,188) (458,079) (376,932)
TOTALEXPENDITURE (3,891) (454,188) (458,079) (376,932)
NETMOVEMENT INFUNDS 7,842 3,399 11,241 15,799
RECONCILIATION OF
FUNDS:
Total funds brought forward 45,566 13,342 58,908 43,109
TOTAL FUNDS CARRIED
FORWARD 53,408 16,741 70,149 58,908

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 13 to 16 form part of these financial statements.

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LONDON COMMUNITY COLLEGE

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||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---| |BALANCE|SHEET| |31|OCTOBER|2021| |2021|2020| |Note|£|£|£| |FIXED|ASSETS| |Tangible|assets|ri|2,568|3,424| |CURRENT|ASSETS| |Debtors|8|58,719|62,044| |Cash|at|bank|and|in|hand|13,637|3,380| |72,356|65,424| |CREDITORS:|Amounts|falling|due|within|one| |year|9|(4,775)|(9,940)| |NET|CURRENT|ASSETS|67,581|55,484| |TOTAL ASSETS|LESS CURRENT|LIABILITIES|70,149|58,908| |TOTAL NET|ASSETS|12|70,149|58,908| |FUNDS|OF THE|CHARITY| |Restricted|income|funds|10|16,741|13,342| |Unrestricted|income|funds|11|53,408|45,566| |TOTAL CHARITY|FUNDS|12|70,149|58,908| |These|accounts|have|been|prepared|in|accordance|with|the|provisions|applicable|to|companies|subject| |to|the|small|companies regime|set|out|in|Part|15|of|theCompanies|Act 2006.|

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The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 and Charities Act 2011 with respect to accounting records and preparation of accounts.

These financial statements were approved by the Board of Trustees and are signed on their behalf by:

MrSp Zaidi Trustee London Community College (England and Wales registered company number 04200373) (England and Wales registered charity number 1093358)

Date: 26 July 2022

The notes on pages 13 to 16 form part of these financial statements.

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LONDON COMMUNITY COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2021

1. ACCOUNTING POLICIES

a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the requirements of the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Ireland FRS102 issued in 2019, and the Charities Act 2011. The company is exempt from preparing a Cash Flow Statement because it is a small entity as defined by Charities SORP (FRS102).

The Trust constitutes a public benefit entity as defined by FRS 102.

b) Funds structure

The charity has restricted and unrestricted funds. Restricted funds are categorised as restricted based on the donors’ restrictions on the projects for which they must be used.

c) Expenditure recognition

Expenditure is recognised when the funds have been disbursed. The charity follows a strict evaluation and approval procedure for charitable expenditure and funds are disbursed immediately upon approval.

d) Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Fixtures & Fittings - 25% reducing balance basis

2. DONATIONS

Unrestrictd Restricted Funds Funds Total Funds

Year ended 31 October 2021:

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£ £ £
Charitable income - UK 11,733 457,587 469,320
Year ended 31 October 2020:
Charitable income - UK UK 19,637 373,094 392,731
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Charitable income - UK UK

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LONDON COMMUNITY COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2021

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||||||||| |---|---|---|---|---|---|---|---| |3|COSTS|OF|CHARITABLE|ACTIVITIES|BY|FUND TYPE| |Unrestricted|Restricted|Total|Funds|Total|Funds| |Funds|Funds|2021|2020| |E|£|£|be| |Education &|training|-|454,188|454,188|371,640| |Governance|Cost|(Note|5)|3,891|-|3,891|5,292| |3,891|454,188|458,079|376,932|

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4 NET INCOMING RESOURCES FOR THE YEAR

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This is stated after charging:
2021 2020
£ £
Depreciation 856 1,142
Auditors’ remuneration:
- audit of the financial statements 1,000 1,500
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5 GOVERNANCE COSTS

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|||||| |---|---|---|---|---| |Unrestricted|Total|Funds|Total|Funds| |Funds|2021|2020| |£|£|£| |Administration|expenses|2,035|2,035|2,650| |Audit|fees|1,000|1,000|1,500| |Depreciation|856|856|1,142| |3,89]|3,891|$,292| |6|STAFF|COSTS|AND|EMOLUMENTS| |Total|staff costs|were|as|follows:|

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2021|2020| |£|é| |Wages|and|salaries|416,725|298,746| |Employers|national|insurance|costs|32,816|24,848| |Employers|pension|costs|4,649|5,056| |TotalParticulars|of employees:|___|454,188|328,650| |The|average|number|of employees|during the|year,|calculated|on|the|basis|of full-time|equivalents,| |was|as|follows:| |2021|2020| |No.|No.| |Number|of permanent|staff|21|15|

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No employee received remuneration of more than £60,000 during the year (2020 - Nil)

Trustees and related party transactions:

None of the Trustees have been paid any remuneration or received any other benefits during the year. Donations received were from related parties and were received without conditions. No other related party transactions took place,

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LONDON COMMUNITY COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2021

7 TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Fixtures& Equipment
£
COST
At November 2020
Additions 3
Disposal =
At 31 October2021 68,790
DEPRECIATION
At November2020
Charge for the year 856
Eliminated on disposals -
At 31 October 2021 66,222
NET BOOK VALUE
At 31 October 2021 2,568
At31October2020 3,424

8 DEBTORS

2021 2020
£ £
Trade debtors 58,719 62,044
58,719 62,044
CREDITORS: Amounts falling due within one year
2021 2020
BS £
Taxation and social security - 5,790
Accruals 4,775 4,150
4,775 9,940
RESTRICTED INCOME FUNDS
Balance at Income Expenditure Balance at
1 Nov2020 31 Oct 2021
i £ sy £
Education and training 13,342 457,587 (454,188) 16,741
I5

9 CREDITORS: Amounts falling due within one year

10 RESTRICTED INCOME FUNDS

LONDON COMMUNITY COLLEGE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2021

11 UNRESTRICTED INCOME FUNDS

Balance at Income Expenditure Balance at
I Nov 2020 31 Oct 2021
ses £ £ E
General Funds 45,566 11,733 (3,891) 53,408

12 SUMMARY OF ASSETS AND LIABILITIES OF EACH CATEGORY OF FUNDS OF THE CHARITY

Unrestricted Restricted Total
Funds Funds Funds
2021 2021 2021
£ £ £
Fixed assets 2,568 - 2,568
Debtors 44,626 14,093 58,719
Cash atbank and in hand 7,214 6,423 13,637
Creditors (falling (1,000) (3775) (4,775)
due within one year)
Net assets 53,408 16,741 70,149
Unrestricted funds $3,408 - 53,408
Restricted funds - 16,741 16,741
Total charity funds 53,408 16,741 70,149
Unrestricted Restricted Total
Funds Funds Funds
2020 2020 2020
£ £ £
Fixed assets 3,424 - 3,424
Debtors 40,036 22,008 62,044
Cash at bankand in hand
Creditors (falling
2,603
(497)
777
(9,443)
3,380
(9,940)
due within one year)
Net assets 45,566 13,342 58,908
Unrestricted funds 45,566 - 45,566
Restricted funds - 13,342 13,342
Totalcharityfunds 45,566 13,342 58,908

13 CONTROLLING PARTY

The charitable company is controlled by its members who are also its trustees.

14 CHARITABLE COMPANY STATUS

London Community College is a private company limited by guarantee without share capital, It is incorporated and registered in England & Wales,

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