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|
2
## 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, |* Floor|
||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.
4
## 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;
- ; observe the methods and principles in the Charities SORP;
- . make judgements and accounting estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- : prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
- ‘state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- : prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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.
a
## 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:
- e So far as they are aware, there is no relevant audit information of which the company’s auditor is unaware; and
- e They have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of the information.
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:
- "give a true and fair view of the state of the charitable company’s affairs as at 31 October 2021 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice;
- "have been prepared in accordance with the requirements of the Companies Act 2006.
## 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.
a
## 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 information given in the trustees' report, which includes the directors’ report, for the financial year for which the financial statements are prepared is consistent with the financial statements; and
‘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.
L
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
- ‘Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees’ use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor’s report. However, future events or conditions may cause the charitable company to cease to continue as a going concern.
- ‘Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
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
-10-
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
13
## 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|68,790|
|Additions|3|
|Disposal|=|
|At 31 October2021|68,790|
|DEPRECIATION||
|At | November2020|65,366|
|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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