REGISTERED COMPANY NUMBER: 05090324 (England and Wales) REGISTERED CHARITY NUMBER: 1105835 Re ort of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Communlt Southwark Nordens Audit Limited The Retreat 406 Rodlng Lane South Woodford Green Essex IG8 8EY
Communi Southwark Contents of the Flnancial Statements for the Year Ended 31 March 2024 Page Report of the Trustees Report of the Independent Auditors 10 to 13 Statement of Flnanclal Activities 14 Balance Sheet 15 Cash Flow Statement 16 Notes to the Cash Flow Statement 17 Notes to the Financial Statements 18 to 25 Detailed Statement of Financial Activities 26
Communlt Southwark Re ort of the frustees for the Year Ended 31 March 2024 Structure Governance and Mana ement Constitution and Or anlsatlon Community 5outhwark 15 the umbrella organisation for charities and community groups in Southwark. It is a charitable company limited by guarantee. It was founded in 1992 a5 Southwark Community Care Forum. registered as a charity on 5 January 1998 and incorporated on l April 2004. However, its roots go back to at least the 1960s when a Councll of Voluntary Servlces Is documented to have been operatlng in Southwark. Between 2009 and 2016 the charity operated under the name of Community Action Southwark. Following the merger with the Southwark Volunteer Centre, the charity has been operatlng as Communlty Southwark slnce 2016. The company was establlshed under a Memorandum of Assoclatlon that established the objects and powers of the charitable company and Ss governed under Its Articles of Association. Communlty Southwark Is a membership organlsation that operates in Southwark, 'Membership Is open to Indlvlduals I Indivldual Members"} and to not-for-profit organlsations ("General Members") who: a} Apply to the Charlty In the form requlred by the Trustees b) Operate In the area of benefit,, and ¢1 Are approved by the Trustees provided that at no tlme shall the number of Individual Members exceed one-fifth of the number of General Members.. IArt.51 As of 31st March 2024, the charlty had 1,042 member organlsatlons. The charlty Ss governed by Its Board of Trustees and day-to-day servlces are delivered by a dedlcated team of staff and volunteers. Page I
Communit Southwark Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES The charity's objectives are: To promote any charitable purpose for the beneflt of the public and particularly, but not limited to. the public who Ilve and work in the London Borough of Southwark and surrounding London boroughs. Including to advance education, protect the health, relieve poverty distress and sickness. promote voluntary work and volunteer servlce and to provlde facilities for recreatlon and other leisure time occupation in the interests of soclal welfare to improve the conditions of Ilfe of the public. To promote the efflciency and effectNeness of voluntary and charitable sector organlsatlons provldlng health, community care and children's and family services for the benefit of the public and particularly, but not Ilmlted to, the public who live and work in the London Borough of Southwark and surrounding London Boroughs, through promoting good practice and partnerships within the volur)tary and charltable sector. On a day-to-day basis, we achieve our objeetlves by supporting our members (not for proflts operatlng In Southwarkl by offering free services and maklng connections, including: Advice and training (e.g. governance. fundin& evaluation and impact) Networks to brlng groups together and influence decislon makers, Includlng through Healthwatch Southwark Tailored support for ethnic minority led group5 Information sharing through e-bulletins, soclal media, venues and fundlng databases Advertlslng, matching, and celebrating volunteers, Including Healthwatch Ambassadors and corporate volunteers Community Southwark has the local knowledge, skllls and relatlonships to support and champion groups workSng In the heart of our communltle5. We have strong and productive links with funders, Southwark Councll, businesses and the local NHS. We work in partnership to support thrlvlng nelghbourhoods and community led solutlons to the borough's deep-rooted inequalltles. Publlc Beneflt The trustees have pald due regard to the Charity Commission's guidance on publlc beneflt. The trustees are conf ident that Communlty Southwark's aims and activilles of supporting, connecting, informin& and influenclng on behalf of the Voluntary and Communlty Sector and volunteers in Southwark, are following the regulation5 on public benefit. Recrultment and a olntment of new Trustee5 The Board of Trustees "conslsts of at least 4 and no more than 12 Indivlduals" of whom: Not moTe than 9 shall be elected by the General Members of the Charity in general meetings b. And no more than 3 shall be appointed by the Trustees. l...) "A person will be ellglble to stand for elertion if he or she has been duly nomlnated by a General Member orBanlsatlon" (Art. 161. 'Each trustee shall retlre from offlce at the third annual general meeting followlng hls or her electlon" (Art. 171. "A Trustee who has served for two consecutive terms of office from the date of adoption of these Articles. must take a break from the office and may not be re-elected until the annual general meeting following the annual general meeting at which his or her break from offlce comrnenced.. (Art. 191 All members of the Board of Trustee5 give their time voluntarily and received no benefits from the charity, Any expenses reclalmed from the charity are Set out In the notes to the financlal statements. Inductlon and tralnln of new Trustees The induction programme for newtrustees indudes: • Written informatlon 2nd Inductlon on Communlty Southwark's artivities Governance Training A meeting with existing trustees and the CEO and time to meet staff and ask questions An Invitation ta attend any of Community Southwark's training and events Page 2
Communlt Southwark Re ort of the Trustees for the Year Ended 31 March 2024 Coples of relevant publications and updates from the Charlty Commlssion Copy of the NCVO Good Trustee handbook Mana ement Structure Staff and Volunteers The trustees delegate the day-to-day management to the CEO who is supported by a dedicated team of staff and volunteers. We aim to recruit high-calibre individuals who not only contribute to the achievement of the charity's aims and objectives but also understand and support the ethos and culture of the organlsation. In return, we offer generous support package, Includlng a competitive salary, 5% employer'5 pension contribution, generous annual leave, paid volunteering days and a Cycle to Work Scheme. E ult Dlverslt and Induslon EDI The charlty actlvely aims to ensure that Equity, Dlverslty and Inclusion IEDII form an integral part of all Its actions and actlvltles, Our EDI pollcy Is revlewed annually by the Board. Page 3
Communit 5outhwark ort of the Trustees forthe Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Actlvltles Revlew and Future Plans Our Wision Thriving communities with the power, resources and partnerships to create a more equal Southwark. Our Mlsslon We support charities and communlty groups wlth advice, tralnlng and volunteers. We connect or8anisations to each other, funders and declslon makers to make change together. Values •We are bold •We work wlth the communlty for the communitv •We make a difference •We are Incluslve Our 2022-26 Strate l. A more impactful and sustainable Voluntary and Communlty Sector 2, A more incluslve and equal Southwark 3. A collaborative Voluntary and Communlty Sector able to Influen chan8e None of our work could be possible without the support of generous funders and supporters Includln8: Southwark Council, Impact on Urban Health, City Bridge Trust, National Lottery Community Fund, United St Saviour's Charlty, Southwark Charltles and our maln pro bono partners - ZS Associates and Meridian (Westl Ltd. Thank you. Strate Icob ectlve I: Enable a more Im actful and sustalnable Volunta and Communlt Sector Durlng 2023-24.. •401 new volunteers were slgned up, 164 ofwhom weie given face to face appointments. •Each quarter, an average of 194 volunteering opportunitles were advertlsed on our web51te. a total of 778 over the year. •28 VCS organisations were given one-to-one support with volunteer management. •Three network meetlngs for Volunteer Managers were held. •33 partnershSps between the VCS and corporate volunteers were managed. •We celebrated volunteering at Southwark Star5 at the Tate Modern in June 2023 and held a Volunteerlng Falr in March 2024 at Mercato Metropolitano. •133 one-to-one casework advice sessions were completed. The main issues were funding, governance and premises. •We secured an addltional £383.358 Into Southwdrk Voluntary and Communlty Sector through direct fund raisin8 support and advocary. •14 training sessions and 8 events were held. including our State of the Sector report launch, postcode networking events and our Annual Meet the Funder Conference. tyour new Membership and Outreach Offlcer visited 83 VCS groups. •Our Evaluation and lrnpact Officer worked with 33 VCS groups on the Make Your Mark Programme- a series of five sessions over three months. They also gave one-to-one impact measurement support to 42 groups. Page 4
Communlt Southwark ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Strate Icob e¢tlve 2: A more inclusive and e ual Southwark We have three members of stoff (2.2 FTE} dedicated to providin8 one-to-one support, training and advotacy for BAME-led groups. We also ensure that we are offerin8 tar8eted support to these groups and others wlth protected characterlstlcs across the whole team. Durlng 2023-24: 49% ofour newvolunteers came from BAME backgrounds, 44% were under 30 and Il% were disabled. 66% ofour Volunteering Advice appointments were to BAME-led groups. 75% ofour one-to-one capaclty building casework was for BAME-led groups. We delivered tralnlng sessions around vlslon and mlsslon and governanee, targeted to BAME-led groups. 63% of Evaluatlon and Impact support wa5 for BAME-led groups. Our Latin American Network and Race, Equalrty and Cultural Heritage IREACHI Alliance had 8 network meetlngs, including two large events with Health declslon-makers. strate Icob ectlve 3.. A collaboratlve Voluntar and Communl Sector able to Influence chan We facilitate the followln8 VCS networks to meet at least four times per year, and we support them wlth projects to Influence change. Di5ablllty Provlders Mental Health Children, Famllles and Young People Older People Grass Roots Groups Latln Amerlcan Network • Race, Equality and Cultural Herlta8e (REACH) Alllan • Safe8uardSng Leads • Volunteerlng Managers In addltlon, Southwark Volce Is the network whlch brlngs together the Chairs of all the network5 facllitèted by Communlty Southwark and all the other VCS networks in the borough. In 2023-24, Southwark Volce was focused on the State of the Sector research which has given the network and evldence-based, open and transparent agenda for change for the VCS based on 239 contrlbutlons from the sector. The report and call to actlon focus on fundlngi premlses and relationships with the statutory settor. Following the launch of the State of the Sector work, we started new projects in 2023-24 Intludlng a VCS Premlses and Policy Offlcer, and a Fundlng Working Group bringing funders and VCS groups together to embed the state of the Sector principles, Monthly e-bulletins are sent to share news across our networks and the sector and funding and volunteerlng opportunities. These had an average open rate of 33%. Our team meets regularly with decision makers in the coundl. the NHS. and trusts and foundations. In 2023-24, we attended 260 meetings wlth decision makers to advocate for the VCS. Page 5
Communit Southwark Re ort of the Trustees for the Yèar Ended 31 March 2024 oBJEIVEs AND ACTIVITIES Memher Feedback Our 2023-24 Members Survey was published on our website and some feedback from our members during the year Is set out below. "I love Community Southwark, without them we wouldn't be here today., Neurodlverslty FamSly Hub "It was a great opportunity to speak with groups, many of whom didn't think our fvndlng was for them so hopefullv speaklng to us wlll encourage them to apply. Thank you to you and the CS team as well for a great, well organlsed event, Samantha Gardlner, Natlonal Lottery "Absolutely brllllant. I'm new to thls and I've met wlth many Interesting people, it's really great., Julla Barbour, St. John's, Larcom Street "Thank you for inviting BWFLTA to Meet the Funder it was exceptlonal." Estelle Blylha, Black Women In Law,Flnance,Technology and Allles Charltv "The event Is fantastlc and the venue Is great. I'm really satlsfied wlth the communlcatlon from the staff before and durlng the event. Superb event, no ne8atives 7? We'll surely Joln other events as welll" Volunteering Falr feedback 'It was great, there were many opportunltles for me to ch005e from. I will be volunteering.. Potentlal volunteer '1 liked the engagement, maklng connectlons. Learnlng about servlces offered throughout Southwark. Relaxed atmosphere, yet still professional. REACH event feedback Future Plan5 The State of the Sector report is shaping our plans as thls Is so clearly what the VCS in Southwark has said it needs to survlve and thrlve. The Issues of funding, premises and statutory partner relationshlps dlsproportlonately affect BAME-led groups so we will continue our member-led and equity-led approach. We wlll., •Continve to support VCS network5 to grow, collaborate and affert change through partnerships and projects. •Through Southwark Volce, remain focused on funding, premises and statutory relationships to drive real change. •Provide more direct finance and HR Ilncludlng EDI) for our members. •Expand our corporate relationships and sUPPOrt for our members with corporate volunteerlng and fundraislng. Page 6
Communlt Southwark ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Flnancial Posltlon The charity generated a total income of £1,047,985 (£996,694 in 2022-23) and the total resources expended were £974,4111£903.365 in 2022-231. It ran a hSgher than budgeted surplus of £73,574. This was due to stsccessful efforts to increase unrestricted Income through our consultancy and corporate volunteerlng. We will continue to work on improving further our financial position in the next financial year in line with our Income Generation Strategy. The charity aims to deliver a surplus In 2024-25 and to gradually rebuild its reseNes to six months of operatlng costs In the followlng years. In Ilne with its Reserves Pollcy. We remain cautious because of the uncertaln economlc sltuation, hlgh levels of inflatlon, Increased energy costs and dependence on fundlng for partlcular tlm&llmlted proJects. Reserves Poll¢ The Reserves Policy Is reviewed annually. To make a Judgment on the amount of reserve, the Trustees have considered the rlsks in respect of expenditure. unrestricted income. and where approprlate restricted income and where funds can only be realised by the disposal of a flxed asset. Also taken into conslderatlon are any externally identified potential major risks to Income and expendlture during the year under consideratlon. After revlew, our current position indicates the followlng: &Restrlcted Income l¢ontractsl: Low Rlsk •Restrlcted Income Igrantsl.. Medlum Risk due to uncertaln economlc cllmate •Earned Income.. Medium Risk due to uncertain economlc cllmate •Expenditure: Medlum Rlsk due to uncertain economlc cllmate The Trustees determined that it would be appropriate for the charity to hold in reserve approximately 6 months of expendlture whlch, wlthln the 2023-2024 budget perlod (excludlng any conduit funds we pass dlrectly to our delivery partners) equates to £487,206. Amount of reserves held Restrlcted reserves that were carrled forward from 2022-23 to 2023-24 weie utlllsed to deliver the relevant proJects. The Desi8nated Property Fund was utllised durlng 2023-24 to build a confidential meetlng space on the flrst floor. As a result of the surplus generated In 2023-24, reserves Increased to £359,059 as of 31st March 2024. Of thls, £25,231 was carrled fornard to the next year as restricted reserves to continue the dellvery of projects including Healthwatch Ambassadors and Impact on Urban Health. The remalnlng £333,828 was carried forward as unrestricted reseTves as of 31st March 2024. Thi5 equates to approximately 4.5 months, expenditure. The charity has therefore, not met its target of six months expendlture in reserve1£487,2061 in 2023-24. However. it is movlng in the rSght dlrectlon from 4 months, expenditure in 2022-23. Risk Mana ement Trustees revlew the major rlsks to whlch the charity Is exposed annually. The 2023-24 assessment concluded that there were no material changes to the risks register. The primary risks have been Identified as: l.Signlficant reductlons in income which we mitigate by maintaining Close relationships with funders and stakeholders and by increasing earned income to diversify the income portfolio and increase the proportlon of unrestrlcted Income. 2,Significant unforeseen expenditure risks are mitl8ated by monthly revlew of management account5 and cash flow forecasts by the executive and quarterly meetin85 of trustees. 3.Changes in key staff which we mitigate through knowledge management processe5, collegiate working and a focus on training and Equity, Diversity and Inclusion. Page 7
Communlt Southwark Re ort of the Trustees for the Year Ended 31 March 2024 OBJECTIVES AND ACTIVITIES Princi al Fundin Sources Our biggest funder remains the London Borough of Southwark which has two long-term contracts with the charity: Council for Voluntary Services. and Healthwatch Southwark. We continue to attract grant funding from different sources. A full list of funders is listed in the financial part of this report. Organisational Structure The trustees delegate the day-to-day management to the Chlef Executive. The organisational Remuneration Policy is set annually by the Finance and General-Purpose Subcommittee. STRIJCTURE, GOV£RNANCE AND MANAGEMENT Governlng document The charity is controlled by Its governlng document, a deed of trust, and constitutes a limSted company, Ilmlted by guarantee. as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Re8lstered Company numljer 05090324 (England and Wales) Reglstered Charlty number 1105835 Re£lstered offlte 11 Market Place London SE16 3UQ Trustees Ms N F Howard Chair Mr P Redfern Mrcwhilby Mr C Wllson Treasurer Mr J Cox (Tesigned 7.6.24} M5 W Baffoe Ms F E 8oshorln Mr C Brady Mr D Campbell Ms E Kerslake Ms N L Loulse Mrc B Naylor Mr S Muhldin {appolnted 7.6.241 Company Secretary Ms A Al-sameral Audltors Nordens Audit Limited The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY Page 8
Communit Southwark Re ort of the Trustees for the Year Ended 31 March 2024 STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees {who are also the directors of Community Southwark for the purposes of company law} are responsible for preparing the Report of the Trustees and the flnancial statements in accordance with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financlal statements for each financial year which give a true and fair vlew of the state of affalrs of the charltable company and of the Incomin8 resources and applicatlon of resources. including the income and expenditure, of the charitable company for that period. In preparin8 those financial statement5, the trustees are required to select suitable accounting policies and then apply them consistently; observe the methods and prlnciples in the Charity SORP; make judgements and estlmates that are reasonable and prudent: prepare the flnancial statements on the going concern basis unless It Is Inapproprlate to presume that the charltable company wlll contlnue In buslnes5. The trustees are responsible for keeplng proper accounting records which disclose with reasonable accuracy at any tlme the financlal posltlon of the charltable company and to enable them to ensure that the flnanclal statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularities. In so far as the trustees are aware: there Is no relevant audlt informatlon of whlch the charitable company's audltors are unaware. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audlt InformatSon and to establlsh that the auditors are aware of that Information. AUDITORS The audltors, Nordens Audlt Llmlted. wlll be proposed for re-appolntment at the forthcomlng Annual General Meeting. Approved by order of the board of trustees on d slgned on Its behalf by.. MSNFHO Trustee Page 9
Re ort of the Inde endentAuditors to the Members of Communit Southwark Oplnlon We have audlted the flnanclal statements of Community Southw3rk (the 'charttable company'l for the year ended 31 March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and nates to the financlal statemellts. Including 3 summary of significant accounting pollcles. The financial reportlng framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards Iunited Kingdom Generally Accepted Accounting Practice). In our opinion the financial statements.. glve a true and fair vlew of the state of the charltable company's affairs as at 31 March 2024 and of Its Incoming resources and application of resources, indudine its income and expenditure, for the year then ended; have been properly prepared in accordance wlth United Kingdom Generally Accepted Accountlng Practlce,. and have been prepared in accordance with the requirements of the Companies Act 2006. Bas15 for oplnlon We conducted our audit In accordance with International Standards on Auditing (UK} IISAS IUKII and applicable law. Our responslbllities under those standards are further described in the Auditors, responsibllltles for the audlt of the flnancial state.ments section af our report. We are independe.nt of the charitable company in accnrdance wlth the ethlcal requlrements that are relevant to our audlt of the flnanclal statements In the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethical responsibilitles In accordance with these requirements. We belleve that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion, Concluslons relatlng to golng concern In audltlng the flnanclal statements, we have concluded that the trustees, use of the golnB concern basls of accountlng In the preparatlon of the flnanclal statements Is approprlate. Based on the work we have performed, we have not Identifled any materlal uncertalntles relating to events or condbtlons that, indSvidually or collectively, may cast slgnlficant doubt on the charitable company's ability to contlnue as a 8olng toncern for a perlod of at least twelve months from when the financlal statements are authorlsed for Issue. Our responslbilities and the responsibilities of the trustees with respect to going concern are described in the relevant sectlons of thSs report. Other Informatlon The trustees are responslble for the other Information. The other Informatlon comprSses the Informatlon Included In the Annual Report, other than the flnancial statements and our Report of the Independent Auditors thereon. Our oplnlon on the flnancial statements does not cover the other information and, except to the extent otherwise explicltly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so. consider whether the other information 15 materially inconsistent with the financl81 statements or our knowlcdge obtained in the audlt or otherwise appears to be materially misstated. If we identify such material inconslstencie5 or apparent material mi5Statements, we are required to determine whether th15 gSve5 r15e to a materlal mls5tatement in the flnancial statements themselves. If, based on the work we have performed, we conclude that there Is a materlal misstatement of thls Other informatlon. we are requlred to report that fact. We have nothing to report in this reEard. Oplnions on other Matters prescribed by the Companie5 Act 2006 In our opSnlon, based on the work undertaken in the course of the audit: the Information glven In the Report of the Trustees for the flnanclal year for whlch the flnancial 5t4tements are prepared Is consistent with the financial statements- and the Report of the Trustees has been prepared in accordance with applicable legal requlrements. Page 10
ort ofthe Inde endent Auditors to the Members of Communit Southwark Matters on which we are required to report by exception In the light of the knowledge and understanding of the charitable company and it5 environment obtained in the course of the audit, we have not identified material mlsstatements In the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 21]06 requires us to report to you if. in our opinion: adequate accounting records have not been kept or returns adequate for our audlt have not been received from branches not visited by us,. or the financial statements are not in agreement with the accounting records and retums- or certaln dlsclosures of trustees, remuneratlon 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 entltled to take advantage of the small companles exemption from the requlrement to prepare a Strateglc Report or in preparing the Report of the Trustees. Responslb511tles of trustees As explained more fully In the Statement of Trustees, Responslbllities, the trustees {who are also the dlrectors of the charltable company for the purposes of company lawl are responslble for the preparatlon of the flnancial statements and for belng satisfied that they 8lve a true and fair view. and for such Internal control as the tru5tee5 determlne Is necessary to enable the preparation of financial statements that are free from material mlsstatement, whether due to fraud or error. In preparlng the flnanclal statements, the trustees are responslble for assesslng the charltable company'5 ablllty to contlnue as a golng concern, dlscloslng, as appllcable, matters related to golng concern and using the golng concern basls of accountlng unless the trustees either Intend to IlquSdate the charltable company or to cease operatlons, or have no realistic alternative but to do so. Page 11
Re ort ofthe Inde endent Audltor5 to the Members of Communlt Southwark Our responsibilities for the audit of the financial statements Our obJectlves 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 a Report of the Independent Auditors that incltjdes our opinion. Reasonable assuran is a high level of assurance, but Is not a guarantee that an audlt conducted In accordance with ISAS IUKI will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if. indivldually or in the aggregate, they could reasonably be expected to Influence the economlc declsions of users taken on the basis of these financial statements. The extent to whlth our procedures are capable of detecting irregularities, including fraud is detailed below: Dlscussion5 were held wlth the dirertors with a view to identifying those laws and regulation5 that could be expected to have a materlal impact on the financial statements. During the engagement team briefing, the outcomes of these d5scussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entlty, The following laws and regulations were identified as belng of slgnlflcance to the entlty.. Those laws and regulatlons consldered to have a direct effect on the financlal statements Include UK flnanclal reporting standards. Company Law. Tax and Pen51ons leglslatlon, and distrlbutable proflts legislation. It is considered that there are no laws and regulatlons for whlch non-compllance may be fundamental to the operating aspects of the buslness. Audlt procedures undertaken In response to the potentlal rfsks relating to Irregularltles Iwhlch include fraud and non-compllance wlth laws and regulations) comprised of: inqulries of management and those charged wlth governance as to whether the entlty complies wlth such laws and regulatlons,. enquiries wlth the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; revlew of board minutes,. testlng the appropriateness of entries in the nomlnal ledger, Includlng Journal entrles; revlewlng tran5aCtlons around the end of the reporting peTiod; and the performance of analytical procedures to identify unexpected movements in account balances which may be Indicative of fraud. No Instances of materlal non-compllance were Identlfled. However, the1Skellhood of detecting IrregularStles, Includlng fraud, Is limited by the inherent difficulty in detectlng irregularlties, the effectlveness of the entlty's controls, and the nature, timlng and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there Is an unavoldable rlsk that materlal misstatements may not be detected, even though the audit has been planned and performed in accordance wlth ISAS IUKI, A further description of our responslbilltles for the audit of the financlal Statements Is located on the Flnanclal Reportlng Councll's web51te at vJww.frc.org.uk/auditor5responsibilities. This description forms part of our Report of the Independent Audltors. Page 12
Re ort ofthe Inde dent Auditors to the Members of Communit Southwark Use of our report This report 1s.made solely to the eharltable 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 matter5 we are requlred to state to them In an auditors, 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 ompany and the charitable company's members as a body. for our audit work. for this report, or for the oplnlons we have formed. LorraSne Curt15 (Senior Statutory Audltor.) for and on behalf of Nordens Audit Limited The Retreat 406 Roding Lane South Woodford Green Essex IG8 SEY Date: Page 13
Communit Southwark statement of Financial Activities for the Year Ended 31 March 2024 31.3.24 Total funds 31.3.23 Total funds Unrestrlrted fund Restrlcted fund Notes DONATIONS AND VOLUNTARY INCOME FROM Donations and trading income 129,859 3,399 133,258 115,031 Contract Income Grant Income 10,000 11,621 499,342 393,764 509,342 405,385 541,933 339,730 Total 151,480 896,505 1,047,985 996,694 EXPENDITURE ON Charltable actlvltles Staff c05t5 Project Dellvery Costs Governance Cost Operating Expenses 764,349 46,086 6,836 86.767 764,349 116,459 6,836 86,767 702,520 103,987 5,155 95,095 70,373 Total 70,373 904,038 974AII 906,757 NET INCOME/(EXPENDITUREI Transfers between fund5 81,107 (17,955) 17,533) 17.955 73,574 89,937 13 Net movement In funds 63,152 10,422 73,574 89,937 RECONCILIATION OF FUNDS Total funds brought forward 270.676 14,809 285,485 195,548 TOTAL FUNDS CARRIED FORWARD 333,828 25,231 359.059 285,485 The notes form part of these financial statements Page 14
Communit Southwark Balance Sheet 31 March 2024 31.3.24 Total fullds 31.3.23 Total funds Unrestricted nd Reslricted fund Notes CURRENT ASSETS Debtors Cash at bank li 24,844 624,591 {5,3691 30,600 19,475 655,191 13.332 420,476 649,435 25,231 674,666 433,808 CREDITORS Amounts falling due withln one year 12 1315,607) 1315,607} 1148,3231 NET CURRENT ASSETS 333,828 25.231 359,059 28S,485 TOTAL ASSETS LESS CURRENT LIABILITIES 333,828 25231 359,059 285.485 NET ASSETS 333,828 25,231 359,059 285.485 FUNDS Unrestricted funds Restricted funds 13 333,828 25,231 270,676 14,809 TOTAL FUNDS 359,059 285,485 These flnanclal statements have been prepared In accordance wlth the provlslons appllcable to charltable companles subject to the small companles reglme. The financlal statements were approved by the Board of Trustees and authorlsed for Issue on nd Vre signed on its behalf by: MSNFH war Trustee The notes form part of these financial statements Page IS
Communit Southwark C8sh Flow Statement for the Year Ended 31 March 2024 31.3.24 31.3.23 Notes Cash Ilows from operatlng activities Cash generated from operations 223,094 59,181 Net cash provlded by operating activitles 223,094 59,181 Cash flows from investlng artivitles Interest received 11.621 1,745 Net cash provided by investing activities 11,621 1.745 Change In Cash and cash equlvalents In the reportlng perlod Cash and cash equivalents at the beginning of the reportln8 perlod 234,715 60,926 420,476 359,550 Cash and cash equlvalents at the end of the reportlng perlod 655,191 420,476 The note5 form part of these financial statements Page 16
Communi Southwark Notes to the Cash Flow Statement for the Year Ended 31 Mai¢h 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net Income for the reportlng period las per the Statement of Financial Actlvltles) Adjustments for: Interest received Ilncreasel/decrease In debtors Increase/ldecreasel In credltors 73,574 89,937 {11,621) 16,143) 167,284 {1,7451 96.743 1125,7541 Net cash provlded by operatlons 223,094 59,181 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net ¢a5h Cash at bank 420,476 234.715 655.191 420,476 234,715 655,191 Total 420,476 234,715 655,191 The notes form part of these financial statements Page 17
Communit 5outhwark Notes to the Financial Statements forthe Year Ended 31 March 2024 ACCOUNTING POLICIES Basls of preparlng the flnancial Statements The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP IFRS 1021 'Accounting and Reporting by Charitie5: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Flnancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffertive l January 20191,, Financial Reportlng Standard 102 Yhe Financlal Reportlng Standard appllcable in the UK and Republlc of Ireland, and the Companles Act 2006. The financlal statements have been prepared under the historical cost convention. Income All income Is recognSsed In the Statement of Flnanclal Activltles once the charlty has entitlement to the funds, it Is probable that the Income will be received and the amount can be measured reliably. The following speclflc policies are applied to particular categories of income: Voluntary Income Is recelved by way of grants, donatlons and gffts and Is Included In full in the Statement of Flnancial Activities when receivable. Grant5. where entltlement is not conditional on the delivery of a speclfic performance by the charity, are rocognised when the charlty becomes uncondltlonally entltled to the grant. Investment income is included when receivable Incoming resources from the charitable trading activity are accounted for when earned. Incoming resources from grants. where related to performance and specific deliverabl85, are accounted for as the charity earns the right to consideration by its peiformance. Income relating to future periods is deferred. Expendlture Expendlture Ss recognised on an accruals basis as a Ilablllty is incurred. Expendlture incudes any VAT, which cannot be fully recovered, and Is reported as part of the expenditure to which it relates., Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charlty and Include the audit fees and costs Ilnked to the strateglc management of the charlty. All costs are allocated between the expendlture categorles of the Statement of Financlal Actlvltles on a basis deslgned to reflect the use of the resource. Costs related to a partlcular actlvity are allocated directly,. other are apportioned on the basis of staff time. Charltable expenditure comprlses those costs Incurred by the charity In the delivery of Its actlvltles and services for Its benefS¢iaries. It Includes both costs that can be allocated dlrectly to such actlvlties and those Costs of an Indlrect nature necessary to support them. Taxatlon The charity 15 exempt from corporation tax on its charitable activities, Fund accountlng Unrestrlcted Funds Unrestrlctcd funds are donatlons or other income received or generated for the objects of the charlty wlthout further sperifled purpose and are available a5 general funds. Restrl¢ted Funds Restricted funds are to be used for a specific area or purpose as laid down by the donor. Expenditure which meets these crlterla Is Identifled to the fund. Penslon costs and other post-retlrement beneflts The charlty operate5 a group stakeholder pension scheme. Contrlbutlon5 are charged to the Statement of Flnancial Activities as they are incurred. Debtors and prepayments Trade and other debtors are recognlsed at the settlement amount due after any trade discounts. Prepayments are valued at the amount prepaid net of any discounts. Credltors and provlsions Page 18
Communit Southwark Notes to the Financial Statements- contlnued for the Year Ended 31 March 2024 ACCOUNTING POLICIES- continued Debtors and prepayments Creditors and provisions are recognised where the charity has a present obli8ation resulting from a past event that will probably result In the transfer of funds to a third party and the amount to settle the obligation can be measured or estimated reliably. DONATIONS AND TRADING INCOME Unrestricted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Donatlons Consultancy Income Involve - Corporate Volunteering 3,784 52,382 73,693 3,399 7,183 52,382 73,692 510 28,769 85,752 Totals 129,859 3,399 133,258 115,031 Total net proflt for Involve wa5 £16,130. Total net profit for Consultanry was £37,071 CONTRACT INCOME Unrestrfcted Funds Restrlcted Funds Total Funds 2024 Total Funds 2023 Councll for Voluntary Services Southwark Emergency Support Scheme London 8orough of Southwark- HeaSthwatch Southwark 351,122 351.122 10.000 383,732. 10,000 10.0 148.220 148,220 148,200 Totals 10,000 499,342 509,342 541,933 Page 19
Communit Southwark Notes to the Financial Statements- continued forthe Year Ended 31 March 2024 GRANT INCOME Total Funds Total Funds 2023 2024 Unrestrkted Restricted Public Health Southwark Charities LBS Publlc Health - Ambassodors Payment TNL- Corporate & Community Relationship LBS and USS- Premi5e5 Grant Natlonal Lottery Community Fund United St Saviour's Charity Guy's & St Thomas's Foundatlon Partnershlp Southwark National Grld City Brldge Trust Impact on Urban Health The Alan & Babette Salnsbury Charitable Fund Award for All ITNL) NAVCA other Grants Bank Interest 56,357 14.996 71,947 39,947 13,637 56.357 14.996 71,947 39,947 13,637 76,818 40,016 2,833 3,677 63,188 10,000 47,387 65,887 io,o(h) 47.526 121.412 10,000 47,526 121.412 1S,OCK) 4,998 5,000 3,181 1,745 5,002 5,002 12,940 12,940 11,621 11,621 Totals 11,621 393.764 405,385 339,730 Community Southwark does not make declsions about awarding funds to VCS groups. However, as part of Its projects, Community Southwark sometlmes receives grants to distribute to small organlsatlons or community groups. These grants are treated as condult fund5 and not Included in the Income and expenditure In accordance with SORP 19.1 CHARITABLE ACTNITIES COSTS Support costs {soe note 61 Dlrect Costs Totals Staff costs Project Delivery Costs Governance Cost Operatlng Expenses 764,349 116,459 764,349 116,459 6,836 86.767 6,836 86,767 880,808 93,603 974,411 Page 20
Communit Southwark Notes to the Flnancial Statements - continued for the Year Ended 31 March 2024 SUPPORT COSTS Direct Cost Overhead Cost Detall Total LBS- Council for Voluntary Services contract LBS- Healthwatch contract Clty Bridge Trust- Make your Mark Impact on Urban He31th- 8AME project PuE)Ilc Health- Health Ambassadors MOR ppo CCRO Premlses & Bulldin8 Core 287,211 121,466 61,786 125,378 90,229 15,675 12.266 36,682 13,656 28,059 9,489 3,444 10,414 3,444 953 689 4,702 21,873 3,700 315,270 130,955 65,230 135,792 93,673 16,628 12,955 41,384 35,529 3,700 Total 764,349 86,767 851,116 NET INCOME/(EXPENDITUREI Net Incomellexpendlturel is Stated 3fter charging/lcreditlng): 31.3.24 31.3.23 Auditors remuneration 5,763 5,034 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneratlon or other beneflt5 for the year ended 31 March 2024 nor for the year ended 31 March 2023. Tru5tees' expenses There were no trustees, expenses pald for the year ended 31 March 2024 nor for the year ended 31 March 2023. STAFF 2024 2023 Salarles and wages Soclal security costs Pension costs 648,902 60.555 30,899 579,315 56,583 27,831 Totals 740,356 663,729 The average monthly number of employee5 during the year was 2912023.. 21). This includes Health Ambassadors who are casual workers. No employee earned over £60.CK)O In the perlod {2023 same). Page 21
Communit Southwark Notes to the Financial Statements - continued for the Year Ended 31 March 2024 io. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestrlcted fund Restrlcted fund Total fund5 DONATIONS AND VOLUNTARY INCOME FROM Donations and trading income 115.031 115,031 Contract Income Grant Income 10,000 15,062 531,933 324,668 541,933 339,730 Total 140,093 856,601 996.694 EXPENDITURE ON Charitable actl¥ltie5 Staff costs Project Delivery Costs Governance Cost Operating Expenses 702,520 52,998 5,155 95,095 702,520 103,987 5,155 95,095 50,989 Total 50.989 855,768 906,757 NET INCOME Transfers between funds 89,104 12.4761 833 2,476 89,937 Net movement In funds 86,628 3,309 89,937 RECONCILIATION OF FUNDS Total funds brought forward 184,048 11,500 195,548 TOTAL FUNDS CARRIED FORWARD 270,676 14,809 285,485 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 1,061 18,414 6,520 6,812 19,475 13,332 Page 22
Communl Southwark Notes to the Financlal Statements - continued for the Year Ended 31 March 2024 12. CREDITORS., AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade credltors Social security and other taxes 5,464 26 18,677 110,653 139,140 41,647 3,752 VAT Other creditors Deferred Income Accrued expenses 23,017 23,287 67,297 30,970 315,607 148,323 The deferred income above of £139,14012023: £67,297) wlll be released In the following year. 13. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds Unrestrlcted General fund 270,676 81,107 117,9551 333,828 RestrScted funds Grant Income Restricted 14,809 {7,533) 17,955 25,231 TOTAL FUNDS 285,485 73,574 359,059 Net movement In funds, Included In the above are as follovts: Incoming resources Resources expended Movement In funds UnrÈstrlcted funds Unrestricted General fund 151.480 170,373) 81.107 Restrlcted funds Grant Income Restricted 896,505 (904,0381 (7,5331 TOTAL FUNDS 1,047,985 (974,4111 73,574 Page 23
Communl Southwark Notes to the Financi31 Statements- continued for the Year Ended 31 March 2024 13. MOVEMENT IN FUNDS- contlnued Comparatlves for movement In funds Net movement In funds Transfers between funds At 31.3.23 At 1.4.22 Unrestrlcted funds Unrestricted General fund 184.048 89.104 12,4761 270,676 Restrlcted funds Grant Income Restricted 11,5(K) 833 2,476 14,809 TOTAL FUNDS 195,548 89,937 285,485 Comparatlve net movement In funds. Included in the above are as follows: Incomlng resources Resources expended Movement In funds Unrestrlcted funds Unrestricted General fund 140,093 150,9891 89,104 Restrlcted funds Grant Income Restrlcted 856,601 1855.7681 833 TOTAL FUNDS 996,694 1906,7571 89,937 A current year 12 months and prlor year 12 months comblned posltion Is as follows: Net movement In funds Tran5feY5 between funds At 31.3.24 At 1.4.22 Unrestrlcted funds Unrestricted General fund 184.048 170.211 120,4311 333.828 Restrlcted funds Grant Income Restrlcted 11,500 {6,7} 20,431 25,231 TOTAL FUNDS 195,548 163.511 359,059 Page 24
Communit Southwark Notes to the Financial Statements- continued for the Year Ended 31 March 2024 13. MOVEMENT IN FUNDS- contlnued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement In funds Unrestrlcted funds Unrestricted General fund 291,573 (121,3621 170,211 Restrlcted fund5 Grant Income Restrlcted 1.753,106 11.759,8061 16,700} TOTAL FUNDS 2,044.679 11,881,168) 163,511 14. RELATED PARTY DISCLOSURES There were no related party transactlons for the year ended 31 March 2024. Page 25
Communit Southwark Detailed Statement of Flnar¢cial Actlvlties for the Year Ended 31 March 2024 31.3.24 31.3.23 DONATIONS AND VOLUNTARY INCOME Donations and tradlng Income Donatlons Tradlng Income 7,184 126,074 509 114.522 133,258 115,031 Contract Income Contract income 509,342 541,933 Grant Income Deposit account Interest Grant Income 11,621 393,764 1.745 337,985 405,385 339.730 Total incoming resources 1,047,985 996,694 EXPENDITURE Charltable actlvltles Direct staff costs Social securlty Pensions Recrultment costs HR and personnel Expenses Redundancy costs Tr8lnlng and development Project delivery Staff cost of livlng payment 648,902 60,555 30,899 4,712 5,300 3,390 579,315 56.584 28,179 7,356 3,919 2,279 5,996 7.075 103,639 12,16S 10,591 116,459 880,808 806,507 Support costs Overhead charges Overhead charges 86,767 95,095 Governance r05ts Governance cost Auditors Remuneratlon 1,073 5,763 121 5,034 6,836 5,155 Total resources expended 974,411 906,757 Net Income 73,574 89,937 This page does not form part of the statutory financial statements Page 26
This page does not form part of the statutory financial statements Page 26