REGISTERED COMPANY NUMBER: 05090324 (England and Wales) REGISTERED CHARITY NUMBER: 1105835 ort of the Trustees a Fl anclal Statements for the Year Ended 31 March 2025 for Southwark Nordens Audit Limited The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY
Communit Southwark Contents of the Financial Statements forthe Year Ended 31 March 2025 Page Report of the Trustees I to 10 Report ofthe IndependentAuditors li to 14 Statement of Financlal Actlvltles Is Balance Sheet 16 Cash Flow Statement 17 Notes to the Cash Flow Statement 18 Notes to the Flnanclal Statements 19 to 26 Detailed Statement of Flnanclal Activities 27 to 28
Communi Southwkrk ort of the Trustees for the Year E 31 March 2025 Structure Governance and Mana emÈnt Constitutlon and Or an15atlon Communlty Southwark is the umbrella organisation for charitles and communlty groups in Southwark. It a charltable company Ilmlted by guarantee. It was founded in 1992 as Uthwark Community Care Forum, registered as a charlty 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 Services is documented to have been operatin8 in Southwark, Between 2009 and 2016 the charity operated under the name of Community Aetlon Southwark. Following the merger wlth the Southwark Volunteer Centre, the charlty has been operating as Communlty Southwark slnce 2016. The company was established under a Memorandum of Association that established the objects and powers of the charitable company and Is governed undei its Articles of Association. Communlty Southwark is a membership organlsatlon that operates in Southwark. "Membershlp Is open to individuals I"Individual Members") and to not-for-profit organisatlons I"General Members") who: al Apply to the Charlty In the form qUIred by the Trustees. bl Operate In the area of beneflt,. and cl Are approved by the Trustees provided that at no time shall the number of Indivldual Members exceed one-fifth of the number ofGeneral Members." IArt,5} As of 315t March 2025, the charlty had 1,166 member organSsations. The eharlty is governed by Its Board of Trustees and day-to-day seNices are delivered by a dedicated team of staff and volunteers. Page I
Communit Southwar Re ort of the Trustees or the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES The charlty's objectives are: To promote any charitable purpose for the benefit of the publlc and particularly, but not limited to, the publlc who live and work In the London 8orou8h of 5outhwdrk and Suound1ng London boroughs. including to advance education. protect the health, relieve poverty distress and Sickness, promote voluntary work and volunteer seNi and to provlde facilities for recreation and other leisure tlme occupation In the interests of soclal welfare to improve the conditions of Ilfe of the public. To promote the efficiency and effectiveness of voluntary and charitable sector organisatlons providlng health, community care and children's and famlly seTvices for the benefit of the public and particularly, but not limited to, the publlc who live and work In the London Borough of Southwark and surrounding London Boroughs, throu8h promotlng good practlce and partnershlps wlthin the voluntary and charitable sector. On a daY-tdaY basis, we achleve our objectives by supporting our members (not for proflts operatlng in Southwarkl through,, Advlce and tralning {e.g, governance, fundin& evaluatlon and impact) • Networks to brlng groups together and InflLsence decision makers, Induding through Healthwatch Southwark •Tallored support for ethnlc mlnorlty led groups • Information sharing through e-bulletins, social medla, venues and fundlng databases Advertisin& matchlng, and celebratlng volunteeis, including Healthwatch Ambassadors and business volunteers Communlty Southwark has the local knowledge, skllls, and relationshlps to support and champlon groups worklng In the heart of our communities. We have strong and productive Ilnks with funders, Southwark Council, businesses, and the local NHS. We work in partnershlp for thrivin8 communities and a more equal Southvffirk. Publlc Beneflt The trustees have paid due regard to the Charity Commlssion's guidan on public benefit. The trustees are confident that Communlty Southwark's aims and actlvities of supporting. connecting, informln8 and Influenclng on behalf of the Voluntary and Communlty Sector and volunteers in Southwark, are following the regulations on public benefit. Re rultment and a olntment of new Trustees The Board of Trustees'consists of at least 4 and no more than 12 Indlviduals of whorn: Not more than 9 shall be elected by the General Members of the Charity in general meetlngs. b. And no more than 3 shall be appointed by the Trustees l...) a person wlll be eligible to stand for electlon If he or she has been duly nominated by a General Member organisation" (Art. 161. Each trustee sh311 retire from office at the third annual general meeting following hSs or her election" (Art. 171. A Trustee who has served for two consecutlve terms of office from the date of adoption of these Article5, must take a break from the office and may not be re-eletted untll the annual general meeting following the annual general meetlng at whlch his or her bak from office commenced." (Art. 19) All members of the Board of Trustees glve their time voluntarlly and receNed no benefits from the charlty. Any expenses reclaimed from the charity are set out In the notes to the financial statements, Induction and tralnln of new Trustees The induction progromme for new trustees includes: • Wrltten infom)ation and induction on Community Southwdrk'5 activitles Governance Training Meetings wlth existlng trustees, the CEO and staff An Invitation to attend any of Community Southwarvs training and events Copies of relevant publications and Updates from the Charity Commission Copy of the NCVO Good Trustee handbook Page 2
Communi Southwark ort of the Trustees for the Year Ende 31 March 2025 Mana ement Structure Staff and Volunteers The tIU5tees delegate the day-to-day management to the CEO who is supported by a dedicated team of staff and volunteers. We 31m to rocNit high-calibre individuals who not only contribute to the achlevement of the charity's alms and oblectlves but also understand and support the ethos and culture of the organisation. We offer a generous support p2d(age. including a competltive salary, 5% employerfs pension contribution, generous annual leave, pald volunteering days and a Cyde to Work Scheme. E ult Dlversl and Incluslon EDI The charity actively aims to ensure that Equity. Diversity and Incluslon IEDI) form an integral part of all its actions and artlvttles. Our EDI policy Is revlewed annually by the Board. Page 3
Commun't Southwark Report oftheTru5tees ea Ended 31 M 2025 OBJECTIVES AND ACTIVITIES Activities Revlew and Future Plans Our Vlslon Thrlving communitles wlth the power, resources and partnershlps to create 3 more equal Southwark. Our Miss We support charities and communlty &roups wlth advlce. training and volunteer5. We connect organisations to each other, funders and decision makers to make change together. Values •We are bold •We work wlth the communlty for the community We make a difference •We are Snc5uslve 22-26 Strate l. A more Impactful and sustalnable Voluntary and Community Settor 2. A more Incluslve and equal Southwark 3. A collaboratlve Voluntary and Community Sector able to influence change Ou actlvltles In 2024-25 These are detalled below, set out by how they contribute to our strateglc objectives. Overall, we had 2,148 Interactlons wlth 466 charftles and communlty groups through events, tralnln& casework, and vlslts. In our Annual Members Survey 94% of our members are likely to recommend our services {an Increase of 3% from the previous yearl, None of our work could be posslble without the support of generous funders and supporters Includlng: Southwark Council, Impact on Urban Health, City Bridge Foundation, National Lottery Communlty Fund, United St Saviour's Charlty, Southwark Charltles Charterhouse-ln-southwark and our business partners. Thank you. icob ectlve I: A more Im actful and sustalnable Volunta and Communl Sector Durlng 2024-25,. 34 trd5nlng sesslons and 8 events were held, Includlng our State of the Sector conference, bu51ness networklng events and our bi88est ever Annual Funding Conference with 17 funders and 86 charlties and communlty group5. 257 one-to-one casework advice sessions were held. The main issues were fundin& governan, and premises. We secured an addltlonal £446,176 into Southwarvs Voluntary and Community Sector through direct fundrai51ng support, and advocacy. • Our evaluation and Impact Officer worked with 47 VCS Eroups on the Make Your Mark Programme- a series of five sessions over three months. They also gave one-t(kone impact measurement support to 35 groups. Our Membership and Outreach Officer visited 119 VCS groups. 442 new volunteers were signed up uslng our new Volunteering Platform, 99 of whom were glven face to face appolntments. 415 volunteering opportunities We advertised on our vbSIte. Page 4
Communit Southwark Re for ort of the Trustees e Year Ended 31 arch 2025 OBJECTIVES AND ACTIVITIES Our new Volunteer Management TralnlnB Programme recelved 100% positive feedback with a networking event at the end atthe Oxo Tower 33 partnerships between the VCS and corporate volunteers were managed and three events were held to brlng corporate and VCS partners together. 33 Teams Challenges and 10 Skills matches took place with businesses, 739 business volunteers were engaged and £154,294 of business pro bono monetaryvalue. We celebrated volunteering at Southwark Stars at the Tate Modern In June 2024 with over ISO attendees "I found the sesslon Incredlbly engaging and full of practlcal and helpful adCe.,. I really appreclated that you did not assume any prior knowledge and began wth the basics Grants Fundraislng workshop partlclpant "Thank you so much for dollvoring such an engaging training sesslon wlth Mellssa and me. We really got a lot out of it. The training was very engaging, Interactive, informative and helpful." VCS attendee at Organlsational Strategy Day "Everyone mentioned how useful this event w4s to meet different businesseslcharitles representatives from both sectors felt that they needed more networking events. Businesses weren't aware they could share skills, and even if they wanted to. they weren't sure where to flnd charities that needed the support. Llkewlse, charltles sald they didn't know where to start wlth belng introduced to businesses who mlght help with speclfic challenges. We all agreed Communlty Southwark is the go-to for both business and charities for thls matchmaklng rolel" VCS member at Buslness Breakout State of the Sertor sesslon Icob ectlve 2: A more Sncluslve an wark We have three members of staff12,2 FTEI dedlcated to providlng one-to-one support, tralning and advocacy for BAME-led groups. We also ensure that we are offering targeted support to these groups and others with protected characteristics across the whole team. Durlng 2024-25: 61% ofour newvolunteers came from BAME backgrounds. 43%were under 30 and 14% were dlsabled. 74% of our Volunteerlng Advice appolntments were to BAME-led groups Sl% of our one-to-one capacity building casework was for BAME-led groups Our Latin American Network and Race, Equality and Cultural Heritage IREACHI Alliance had 8 network meetings, Including two large events wrth Health decision-maker5. Strate icob ectlve 3,. A collaborative Volunta and Communl Sector able to Influence chan We facilitate the followlng VCS networks to meet at least four times per year, and we support them with projects to influence change. • Dlsabllity Provlders Mental Health • Children, Families and Young People Older People Grass Roots Groups • Latin American Network Race, Equality and Cultural Herltage IREACHI Allian Safeguardlng Leads Volunteering Managers and Co-ordinators Page 5
Communl Southwark Report of the Trustees ear Ended 31 March 2025 OBJECTIVES AND ACTIVITIES In addition, Southwark Voice Is the network which brlng5 together the Chairs of all the networks facilitated by Communlty Southwark and all the other VCS networks in the i))rough. In 2024-25, Southwark Volce vtss focused on the State of the Sector research which has given the network and evidence-based, open and transparent agenda for change for the VCS based on 239 contributlons from the sector. The report and call to attlon focus on fundin& premlses and relationships with the statutory sector. Our fundlng work focused on the Fundlng Working Group and the Fundlng Dlfferently grants process, whllst our VCS Premises project was extended to contlnue to help to match groups wlth space and to influence pollcy. Our communications strategy was Implemented with relaunched e-bulletins securlng open rates over 45% and a new members whats app group. mb r Feedback Our 2024-25 Members Survey was published on our webslte and some feedback from our members durlng the year Is set out below. The events run by Community Southwark are fantastlc at facllitating netwarks between bu51ness and community more of those would be amazingl" . DSsabllSty Sports Coach "What you do Is really goodl It's focused, prartical, easlly41gestlble even when we're busy, we appreclate it very much.. Bede House Assoclatlon l appreclate the work that Community Southwark does to connect us wlth commissioners and to de-mystify the commissioning process. It can be a very tsngled political web, espedally around health and Social care commlssioning, and It's good to have help Involving the communlty sector in these conversations In a meanlngful way." SEL Mlnd "I thlnk the work that Community Southwark does to hdp the sector be more sustalnable Is wonderful, from the grassroots groupi the networks, the collaboratlve funding project, and the volunteer recruitment webslte." Southwark Pensioners, Centre "We especlally appreclate the fundlng newsletters that alert us to relevant opportunities and the fundlng conferences vou organlse annually. They are a fantastic space for connecting with funder5 and other organisatlon5." Engllsh for Actlon 'The work you have done wlth us to support us with huge increases In servlce charges has been so helpful," Southwark Travellers A¢llon Group ISTAG) 'More inltlatlves Ilke Funding Differently to support small, struggling third sector organisations that do not have conslstent fundlng sources and struggle to carry on day-today operations, let alone blg projects. Peckham Rlghtsl Future Pla The Stste of the Sector report Is shaplng our plan5 as this Is so clearty what the VCS in Southwark has sald it needs to survive and thrive. The issues of funding. premises and statutory partner relationships di5proportlonately affect BAME~led groups so we will continue our member-led and equity-led approach. We will: *Through Southwark Voice, remaln focused on funding, premises and statutory relationshlps to drive real change. •Contlnue to support VCS networks to grow, collaborate, and effect change through partnershlps and projects. •Provide more direct finance and HR (including EDI) for our members. •Expand our business relationships support for our members. Page 6
Communi Southwark Re ort ofthe frustees for the Yea Ended 31 March 2025 OBJEcfivES AND AcfiviTIES •Consider how health equlty shapes our work and that of our members, especially as the NHS moves to a neighbourhood model Page 7
Communit 5outhwark Re ort of the Trustees for theyear Ended 31 Marc 2025 OBJEcfiv£s AND AcfiviTIES Financlal Pasltlon The charity generated a totsl income of £1,216,179 (£1,047,985 in 2023-24) and the total resources expended were £1,083.156 (£974,411 In 2023-241. It ran a hiEher than budgeted surplus of £133,0231£7,088 of whlch is restricted). This Mrds due to successful efforts to increase unrestricted income through our consultancy and corporate volunteerin8. We will continue to work on improving further our financial position In the next financial year in Ilne with our Income Generation Strategy. The charity aims to deliver a surplus in 2025-26 and to gradually rebuild Its reserves to slx months of operating costs In the following years, in line with Its ReseNes Policy. We remaln cautious because of the uncertain economic situation, high levels of inflation, Increased energy costs and dependence on fundlng for partlcular time-limited projects. ese The Reserves Policy Is reviewed annually. To make a judgment on the amount of reserve, the Trustees have considered the rlsks In respect of expendlture, unrestrlcted income, where appropriate re5trlcted income and where funds can only be reallsed by the disposal of a flxed asset. Also taken Into consideration are any externally identlfled potential major risks to Income and expenditure durinE the year under conslderatSon. After revlew, our current posltlon indlcates the following: • Restricted Income (contracts).. High Risk due to central government decisions 4 Restricted Income {6rantsl'. Medium Rlsk due to uncertain economlc cllmate •Earned income., Medium Risk due to uncertaln economic climate •Expendlture', Medlum Rlsk due to uncertain economlcdimate The Trustees determined that It would be appropriate for the charlty to hold in reserve approximately 6 months of expendlture whlch, withln the 202*2025 budget perlod (excluding any condult funds we pass dlrectly to our dellvery partners) equates to £642,747 Amoun f reserves held Restrlcted reserve5 that were carried forward from 2023-24 to 2024-25 were utili5ed to dellver the relevant projects. As a result of the surplus generated In 2024-25, reserves Increased to £492,082 as of 31st March 2025. Of thls, £7.088 was carried forward to the next year as restrlcted reserves to contlnue the delivery of projects including Southwark Stars. The remainlng £484,994 was carrled forward as unrestficted reseNes as of 31st March 2025. Thls equates to approxlmately 4.7 months, expendlture. The charity has therefore, not met Its target of six months expendlture in reserve1£642.7271 In 2024-25. Rlsk Mana ement rrustees review the major risks to which the tharlty is exposed annually. The 2024-25 assessment concluded that there were no materlal change5 to the risks register. The primary risks have been identlfied as: l.Slgnificant reductions in income which we mlti8ate by maintsining dose relationships with funders and stakeholders and by increasing earned incorne to diverslfy the income portfolio and increase the proportlon of unrestrirted Income. 2.Slgnlficant unforeseen expenditure risks are mitigated by monthly revlew of management accounts and cash flow forecasts by the executive and quarterly meetings of trustees. 3.Changes in key siaff which we mitigate through knowledge management processe5, colleglate working and a focus on training and Equity. Dlversity and Indusion. Page 8
Communit Southwark ort of the Trustees far the Year En ed31 arch 2025 OBJECTIVES AND AcfiviTIES Organisational Structure The trustees delegate the day-t(Fday management to the Chief Executive. The organisational Remuneration Policy is set annually by the Finance and General-Purpose Subcommittee. STRUCTURE, GOVERNANCE AND MANAGEMENT Governlng document The charlty is controlled by its governing document, a deed of trust, and constitutes a limlted company, limited by guarantee, as defined by the CompaniesAct 2006. REFERENCE AND ADMINISTRATIVE DETAILS Aeglstered Company number 05090324 (England and Wales) RegSstered Charity number 1105835 Registered offlce 11 Market Place London SE16 3UQ Trustees Ms N F Howard Chalr Ireslgned 3.12.241 Mr P Redfern (resigned 25.2,25) Mr C Whllby Mr C Wllson Treasurer Mr J Cox liesigned 7.6.241 Ms W Baffoe Elected as Chair03.12.2024 Ms F E Boshorin Mrc Bradv Mr D Campbell Ms E Kerslake Ms N L Louise Mrc B Naylor Mr S Muhidln lappolnted 3.12.241 Company Secretary Ms AAI-Sameral Audltors Nordens Audit Llmited The Retreat 406 Roding Lane South Woodford Green Essex IG8 8EY STATEMENT OF TRUSTEES. RESPONSIBILITIES The trustees (who are also the directors of Community Southwark for the purposes of company lawl ale responsible for preparing the Report of the Trustees and the financial statements In accordance with applicable law and Unlted Klngdom Accounting Standards (United Kingdom Generally Accepted Accountlng Prartlcel. Page 9
Communit Southwark Re ort of the frustees for the Year Ended 31 March 2025 STATEMENT OF TRUSTEES, RESPONSIBILITIES- contlnued Company law requires the trustees to prepare flnancial statements for each financial year which glve a true and fair vlew of the state of affairs of the charitable company and of the incoming resources and application of resources, includinE the income and expenditure, of the charitable company for that period. In preparinE those financial statements, the trustees are required to select sultable accounting polKies 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 financial statements on the golng concern basis unless It Is Inappropriate to presume that the charltable company will continue in business. The trustoos are responsible for keeping proper accounting records whlch dlsclose with reasonable accuracy at any time the financlal position of the charitablo company and to enable them to ensure that the flnanclal statements comply with the Companles Act 2006. They are also responsible for safeguardlng the assets of the charltable company and hence for taking reasonable steps for the preventlon and detertion of fraud and other Irregularities. In so far a5 the trustees are aware., there Is no relevant audit Information of which the charitable companvs auditors are unaware,. and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit Informatlon and to establish that the auditors are aware of that informatlon. AUDITORS The auditors, Nordens Audit Limlted, will be proposed for re-appointment at the forthcoming Annual General Meeting. Approved by order ofthe board oftrustees on................ and slgned on Its behalf by: Ms W Baffoe- Trustee Page 10
ort of the Inde endent Auditors to the Members of Communlt Southwark Oplnlon We have audited the financial statements of Community Southwark (the 'charitable company'l for the year ended 31 March 2025 whlch comprise the Statement of Financlal Activities, the Balance Sheet, the Cash Flow Statement and notes to the financlal statements. including a summary of slgnlficant accountinE policles. The financial reportlng framework that has been applied in their weparation is appllcable law and United Kingdom Accounting Standards (United Klngdom Generally Accepted Accountlng Practice). In our opinlon the financlal statements: give a true and fair view of the state of the tharitable company's affairs as at 31 March 2025 and of Its Incomlng 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 Practlce: and have been prepared In accordance with the requirements of the Companies Act 2006. Basis for opinlon We conducted our audit In accordance with International Standards on Auditing {UKI (ISAS IUKII and appllcable law. Our rosponsibilities under those standards are further described in the Auditors, responsibilitSes for the audit of the financial ststements section of our report. We are independent of the charitable company in accordance wlth th.e ethlcal requirements that are relevant to our audit of the financial Statements in the UK, Including the FRC'S Ethlcal Standard, and we have fulfilled our other ethleal responsibilities in accordance wlth these requirements. We believe that the audit evldence we have obtalned is sufficient and appropriate to provide a basls for our opinion. Concluslons relatln8 to golng concern In audltlng the financial statements, we have conduded that the trustees, use of the golng concern basis of accountlng In the preparatlon of the flnancial ststements is appropriate. Based on the work we have performed, we have Dot Identified any materlal uncertainties relatlng to events or condltions that, individually or collectlvely, may cast signlficant doubt on the charitable company's ablllty to continue as a goin8 concern for 3 perlod of at least twelve months from when the financlal statements are authorlsed for Issue, Our responsibilities and the responslbllltFes of the trustees wlth respect to going concern are described in the relevant sections of thls report. Other Informatlon The trustees are responsible for the other Informatlon. The other Informatlon comprlses the Informatlon Included In the Annual ReFK)rt, other than the financial statements and our Report of the Independent Auditors thereon. Our oplnion on the flnanclal statements does not cover the other information and, except to the extent otherwise expllcltly stated In our report. we do not express any form of assurance conclusion thereon. In connectlon wlth our audit of the flnanclal statements, our responsibillty is to read the other informatlon and, in dolng so, consider whether the other information is materlally Inconsistent wlth the flnancial statements or our knowled8e obtalned In the audlt or otherwise appears to be materially misstated. If we Identlfy such materlal inconslstencies or apparent material mlsstatements, we are required to determine whether this glve5 rise to a material misstatement in the financial statement5 themsefves. If, based IM the work we have performed, we conclude that there Is a material mlsstatement of this other information, we are required to report that fact. We have nothing to report in thls regard. Oplnions on other matters prescrlbed b¥ the Companles Act 2(X)6 In our opinlon. based on the work undertaken in the course of the audit: the information gÉven In tho Report of the Tnjstees for the finanaal year for whlch the financial statements are prepared is consistent with the finanaal statements,. and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Page 11
Re ort of the Inde endent Auditors to the Members of Communit Southwark Matters on whlch we are requlred 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 Identlfied materlal misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept or return5 adequate for our audit have not been recelved 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 specrfied by law are not made; or we have not received all the information and explanations we require for our audrt,, or the trustees were not entitled to take advantage of the small companles exemption from the requirement to prepare a Strateglc Report or In preparing the Report of the Trustees. Responslbllltles of trustees As explained more fully In the Ststement of Trustees, Responsibilities, the trustees (who are also the directors of the charltable company for the purposes of company law) are responsible for the preparation of the flnanclal statements and for being satlsfied that they give a true and fair wew. and for such intemal control as the trustees determine Is necessary to enable the preparatSon of flnandal statements that are free from materlal mlsstatement, whether due to fraud or error. In preparlng the financlal statements, the trustees are responsible for asse5s1n8 the charltable company's abillty to contlnue as a going concern, disclosin& as appllcable, matters related to going concern and uslng the golng concern basss of accounting unless the trustees either intend to Slquldate the charltable company or to cease operatlons, or have no reallstic alternatlve but to do so. Page 12
ort ofthe Inde endent Auditorstothe Membersof Communit Southwark Our responslbllitie5 for the audlt of the flnanclal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from materlal mlsstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that Includes our opinlon. Reasonable assurance is a high level of assurance, but 15 not a guarantee that an audit conducted In accordance with ISAS {UKI wlll always detect a material misstatement when it exists. Misstatements can arise from fiaud or error and are considered m3terial if, individually or in the aggregate, they could rea50nabEy be expected to influence the economic declslons ol user5 taken on the basis of these financlal statements, DSscussions were held with the trustees with a view to Identifylng those laws and reEulatlons that could be expected to have a material Impact on the financial statements. During the engagement team briefing, the outcomes of these dlscusslons and enquirie5 were shared with the team, as well as consideration as to where and how fraud may occur In the entltv. The following laws and regulations were identlfied as being of significance to the entity.. - The Charities Act 2011, which governs the legal framework under which the chairty operates. The Charities SOIIP IFRS1021, whlch provides the accounting and reporting framework for the preparation of the charlty's flnancial statements in accordance wlth UK GAAP. Those laws and regulatlons considered to have a dlrect effect on the fi'nancial statements Include UK flnancial reportSng standards, Tax and Penslon5 leg151atlon. and distributable profits leglslatlon, It is consldered that there are no laws and regulatlon5 for whlch non-compllance may be fundamental to the operating aspects of the buslness. Audit procedures undertaken In response to the potential risks relatlng to Irregularities (which Include fraud and non-compllance with laws and regulatlonsj comprlsed of.. inquiries of management and those charged wlth governance as to whether the entity complles wlth such laws and regulations; enquirles with the same concerning any actual or potential Iltlgatlon or claims; inspection of relevant legal correspondence- review of board mlnutes; testing the appropriateness of entrles In the nominal ledger, including journal entries; revlewing transactions around the end of the reportlng perlod,. and the perf0rrnan of analytlcal procedures to identify unexpected movements in account balances whlch may be Indlcative of fraud. No Snstances of materlal non-compllance were Identifled. However. the likelihood of detecting Irregularities, includlng fraud, Is1Smited by the inherent dlfficulty In detecting irregularities, the effectlveness of the entity's controls, and the nature, tlmlng and extent of the audlt procedures performed. Irregularitles that result from fraud mlght be Inherently more difflcult to detect than irregularities that result from error. A5 explalned above, there is an unavoidable risk that material mi55tatements may not be detected, even though the audit has been planned and performed In accordance wlth ISAS IUKI. A further description of our responsibilities for the audit of the flnancial statements is located on the Financial eportlng Council's website at www.frc.org.uk/auditorsresponsibilities. This de5crlptlon forms part of our Report of the Independent Auditors. Page 13
tA rsto Sout wark Use of our raport Th15 report is made solaly to the charltsble company's members, as a body, In accordance wlth Chapter 3 of Part 16 of the Companles Act 2006. Our audlt work has been undertaken $0 that we mlEht 5t8te to the charltable company's members those matters we are requlred to State to them In an 3udltors' report and for no other purpose. To the fullest extent permltted by law, we do not accept or assume responslblllty to anyone othey than the charltable company and the charftable company's members as a body, for our audit worK for thls reporL or for the opinlons we have formed. Loiralne Curtls ISenlor5tstutory Audltor) for and on behalf of Nordens Audlt Umlted The Retreat 406 Rodlng LÈne South Woodford Green Essex IG8 8EY Date; 1.&.1g.,.I,gg Page 14
Communi Southwark Statement of Flnanc al Activities for the Year Ended 31 Marc 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrict fund Restricted fund Notes INCOME FROM Donatlons and grant income 144,646 496,582 641,228 527.022 Contract Income Bank Interest Other income 527,015 527.015 8,730 39,206 509,342 11,621 8,730 39,206 Total 192,582 1,023,597 1,216,179 1,047,985 EXPENDITURE ON Charltable actlvities Staff costs Project Dellvery Costs Governance Cost Operating Expenses 837,380 77,739 7.063 69.477 837,380 169,236 7,063 69,477 764,349 116,459 6,836 86,767 91,497 Total 91.497 991.659 1,083,156 974,411 NET INCOME Transfers between funds 101,085 50,081 31,938 150,0811 133,023 73,574 13 Net movement In funds 151,166 (18,143) 133,023 73,574 RECONCILIATION OF FUNOS Total funds brought forward 333,828 25,231 359,059 285,485 TOTAL FUNDS CARRIED FORWARD 484,994 7,088 492,082 359,059 The notes form part of these financial statements Page 15
Communi Southwark Balance Sheet 31 arch 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrlrted fund Restricted fund Notes CURRENT ASSETS Debtors Cash at bank and in hand li 170,906 891,443 7.088 177.994 891,443 19,475 655,191 1,062,349 7.088 1,069,437 674,666 CREDITORS Amounts falling due wlthln one year 12 {577,355) 1577,3551 (315,6071 NET CURRENT ASSETS 484,994 7,088 492,082 359,059 TOTAL ASSETS LESS CURREf+JT LIABIUTIES 484,994 7,088 492,082 359,059 NET ASSETS 484,994 7,088 492,082 359,059 FUNDS Unrestrlcted funds Restricted funds 13 484,994 7,088 333,828 25,231 TOTAL FUNDS 492,082 359,059 These flnancial statements have been prepared in accordance wlth the provislons appllcable to charltable companies subject to the small companles regime. The flnancial statements were approved by the Board of Trustees and authorlsed for issue . and were slgned on its behalf by: on Ms W Baffoe - Trustee The notes form part of these finanaal statements Page 16
Communi Southwark Cash Flow Statement for the Year Ended 31 2025 31.3.25 31.3.24 Notes Cash flows from operating artivitie5 Cash generated from operations 227,522 223,094 Net cash provlded by operating activitie5 227,522 223.094 Cash flows from Investlng actlvltles Interest recelved 8,730 11.621 Net cash provided by Investing activities 8,730 11,'621 . Change In cash and cash equlvalents In the reporting perlod Cash and cash equivalents at the beglnnlng of the reportlng perlod 236,252 234,715 655,191 420,476 Cash and cash equlvalents at the end of the reportlng perlod 891,443 655,191 The notes form part of these financial statements Page 17
Communit Southwark otes to t e Cash Flow Statement r the Year En ed31 arch 2025 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVMES 31.3.25 31.3.24 Net Income for the reporting perlod las per the statement of Financial Actlvitles) Adjustments for: Interest received Increase in debtors Increase in creditors 133,023 73,574 18,730) 1158,519) 261,748 <11,6211 16,143} 167,284 Net cash provlded by operatlons 227,522 223,094 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.24 Cash flow At31.3.25 Net Cash Cash at bank and In hand 655,191 236,252 891,443 655,191 236,252 891,443 Total 655,191 236,252 891,443 The note5 fomi part of these financial statements Page 18
Communtt Southwark Notes to the Financial Statements ea E ded 31 March 2025 ACCOUNTING POLICIES Basls of preparing the financlal statements The financial statements of the charitable company, which is a publlc benefit entity under FRS 102. have been prepared in accordance with the Charitie5 50RP (FRS 1021 'Accounting and Reporting by Charities.. Statement of Recommended Practlce applicable to charities preparing their accounts in accordance wlth the Flnanclal Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l January 20191,, Flnancial Reportlng Standard 102 'The Financial ReportinE Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost conventlon. Intome All income Is recognised In the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the income will be reIVed and the amount can be measured rellably. The following speclfic polScies are applled to Particular categories of income: Voluntary income is reiVed by way of grants, donatlons and gifts and is included In full In the Statement of Flnanclal Actlvltles when recelvable. Grants, where entitlement is not conditional on the delivery of a speclfic performance by the charlty. are recognlsed when the charity become5 uncondltlonally entltled to the grant. Investment Income Is Included when receivable Incomlng resources from the charitable trading attrvity are accounted for when earned. Incoming resources from grants, where related to performan and speclflc deliverables, are accounted for as the charlty earns the rlght to consideratlon by its performance. Income relating to future perlods Is deferred. Expendlture Expendlture Is recognlsed on an accruals basis as a liability Is Incurred. Expenditure Incudes any VAT, whlch cannot be fully recovered, and Is reported as part of the expenditvre to whlch it relates: Governance costs include those costs associated with meetlng the constltutlonal and statutory requirements of the charity and include the audit fees and costs linked to the strategic management of the charlty. All costs are allocated between the expenditure categories of the Statement of Flnancial Actlvttles on a basis designed to reflect the use of the resource. Costs related to a particular actlvlty are all¢xated directlyi Other are apportloned on the basis of staff time. Charltable expendlture comprlses those costs incurred by the charlty In the dellvery of its actlvltles and services for its beneflclarle5. It Includes both costs that can be allocated dlrectly to such activities and those costs of an Indlrect nature necessary to support them. Taxatlon The charity Is exempt from corporation tax on It5 charftable actlvitles. Fund accounllng Unrestrlcted Funds Unrestricted funds are donations or other income received or generated for the objects of the charity wlthout further specified purpose and are available as Eeneral funds. Restricted Funds Restrlcted funds are to be used for a specific area or purpose as laid down by the donor. Expendlture which meet5 these crlterla Is Identtfled to the fund. Penslon costs and other post-retirement beneffts The charlty operates a group stakeholder pension scheme. Contrlbutions are charged to the Statement of Financial Attivities as they are Incurred. Debtors and prepayments Trade and other debtors are recogn15ed at the settlement amount due after any trade dlscounts. Prepayments are valued at the amount prepald net of anydlscounts. Credltors and provlslons Page 19
Communi Southwark Notes to the Financial Statements- contlnued ed 31 March 2025 ACCOUNTING POLICIES- contlnued Debtors and prepayments Creditor5 and provisions are recognised where the charity has a present obligation resulting from a past event that will probably restllt in the transfer of funds to a third party and the amount to settle the obligatlon can be measured or estimated reliably. DONATIONSAND GRANT INCOME Unrestrlrted Funds Restrlcted Total Fund5 Funds 2025 Total Funds. 2024 Donation5 Consultancy income Involve- Corporate Volunteering Publlc Health Southwark Charttle5 LBS PublSc Health - Ambassadors Payment TNL- Corporate & Communlty Relationship LBS and USS- Premlses Grant LECP Grant L8S Public Health - HWA Project Grant National Grid City 8ridge Trust Impact on Urban Health Award for All ITNLI Charter House Grant Other Grants 3,732 60,369 80.545 10,161 13,893 60,369 80,545 63.715 19,464 29.973 72,259 56,264 7,500 45.269 19,559 48,961 118,457 7,183 52,382 73,692 56,357 14,996 71,947 39,947 13,637 63,715 19,464 29,973 72,259 56,264 7,500 45,269 19,559 48,961 118,457 10,000 47,526 121,412 5,002 3,000 2,000 2,000 12,940 Totals 144 646 527 022 Total net profit for Involve was £27,614 Total net profit for Consultancy was £45,964 Communlty Southwark does not make dec151on5 about awarding funds to VCS groups. However, as part of Its projects, Community Southwark sometimes receives grants to distribute to small organlsatlons or community Broups. These grants are treated as conduit funds and not included In the income and expendlture in accordance with SORP 19.1 Page 20
Communit Southwdrk Note5 to the Flnanclal Statements- continued for the Year Ende 31 2025 CONTRAcf INCOME Unrestrfcted Funds Restricted Funds Total Funds 2025 Total Funds 2024 Councll for Voluntary Services Southwark Emergency Support Scheme London Borough of Southwark- Healthwatch Southwark 369,794 351,122 351,122 10,000 157,221 157,221 148,200 Totals 527 015 527 015 509 342 BANK INTEREST Total Funds 2025 Total Funds 2024 Unrestrlcted Restrlcted Bank interest receSved 8.730 8,730 11,621 Totals CHARITABLE ACTIVITIES COST5 Support ¢osts (see note 61 Dlrect Costs Totals Staff costs Project Dellvery Costs Governance Cost Operating Expenses 837,380 169,236 837,380 169,236 7,063 69,477 7,063 69,477 1,006.616 76,540 1,083,156 Page 21
Commun Southwark otes to the Financial Statements- continued orthe Year E ded 31 March 2025 SUPPORT COSTS Direct Cost Overhead Cost Detall Totsl LBS- Council for Voluntary seIces contract LBS~ Healthwatch contract Ctty Bridge Trust- Make your Mark PT Ambassadors Networks VCS Support Business Volunteering Ambassador Officor Premises & Bullding Consultancv Core 247.676 134,151 61,324 27,581 40,587 136.595 65,287 60,080 64.015 83 28,258 11,975 3,841 275.934 146,126 65,165 27,581 41,636 148,051 69,634 63,921 68,671 131 1,049 11,456 4,347 3,841 4,656 48 Total 837 380 906 857 NET INCOMEI{EXPENDITUREI Net Incomellexpendlturel Is stated after charglngjlcredltlngl: 31.3.25 31.3.24 Audltors remuneration 5,750 5,763 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other beneflts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expenses There were no trustees, expenses paid far the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF 2025 2024 Salaries and waEes Soclal securlty costs Penslon costs 705,161 71,320 34.921 648,902 60,555 30,899 Totals 811403 The average monthly number of employees during the year was 3712024: 29). This includes Health Ambas&idor5 tho are casual workers. One employee earned over £60,0 in the period12024 no employees). Page 22
Communi Southwark Note5 ta the Flnanclal Statements- continued theyear Ended 31 arc 2025 io. COMPARATIVES FOR THE STATEMENT OF FINANaALACTIVITIES Unrestricted fund Restricted fund Total funds INCOiVIE FROM Donations and grant Income 129.859 397,163 527.022 Contract Income Bank Interest iO,(MJO 11,621 499.342 509,342 11.621 Total 151,480 896,505 1,047,985 EXPENDITURE ON Charitable actlvltles Staff costs Project Delivery Costs Governance Cost Operating Expenses 764,349 46,086 6.836 86,767 764,349 116,459 6,836 86,767 70.373 Total 70.373 904,038 974,411 NET INCOMEIIEXPENDITURE) Transfers between funds 81,107 (17,9551 {7,533} 17,955 73,574 Net movement In funds 63,152 10,422 73,574 RECONCILIATION OF FUNDS Total fund5 brought forward 270,676 14,809 285,485 TOTAL FUNDS CARRIED FORWARO 333,828 25.231 359,059 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayment5 and accrued Income 167,061 10,933 1,061 18,414 177,994 19,475 PaEe 23
Communlt Southwark Notes to the Financial Statements- continued the ea E ded 31 March 2025 12. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade credltors Soc5al securlty and other taxes VAT Other creditors Deferred Income Accrued expenses 9,182 5,464 26 18,677 110,653 139,140 41,647 21,983 162.005 354,800 29,385 577,355 315,607 The deferred Income above of E354.800 {2024: £139,140} wlll be released In the following year. 13. MOVEMENT IN FUNDS Net movement In funds Transfers between funds At 31.3.25 At 1.4.24 Unrestrlcted funds Unrestricted General fund 333,828 101,085 50,081 484,994 Restrlcted funds Grant Income Restrlcted 25.231 31,938 (50,081) 7,088 TOTAL FUNDS 359.059 133,023 492,082 Net movement In funds, Included in the above are as follows: Incoming resources Resources expended Movement in lunds Unre5trlcted funds Unrestrlcted General fund 192.582 (91,4971 101,085 Restrlcted funds Grant Income Re5trlcted 1,023.597 (991,659) 31,938 TOTAL FUNDS 1,216,179 (1,083,156) 133,023 Page 24
Communi Southwark Notes to the Flnancial Statement5- contlnued forthe Year Ended 31 March 2025 13. MOVEMENT IN FUNDS- tontinued Comparatives for movement in funds Net movement In funds Transfers between funds At 31.3.24 At 1.4.23 Unrestrlcted funds Unrestricted General fund 270,676 81,107 117,9551 333.828 Restrlcted funds Grant Income Restrlcted 14J)9 17,533) 17.955 25,231 TOTAL FUNDS 285.485 73,574 359,059 Comparative net movement In funds, Included In the above are as follow5: Incomlng resources Resources expended Movement In funds Unrestrlrted funds Unrestrlcted General fund 151,480 170,3731 81,107 Restricted funds Grant Income Restrlcted 896,505 1904,0381 {7,5331 TOTAL FUNDS 1,047,98S 1974,411) 73,574 A current year 12 months and prior year 12 months comblned posltion Is as follows: Net movement in funds Transfers betwee funds At 31.3.25 At 1.4.23 Unrestrlrted fund5 Unrestricted General fund 270,676 182,192 32,126 484,994 Restrlcted fund5 Grant Income Restricted 14,809 24,405 (32,1261 7,088 TOTAL FUNDS 285,485 206,597 492.082 Page 25
Communi Southwark Notes to the Flnancial Statements- contlnued for the Year E ed 31 March 2025 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: lfitomlng resources Resources expended Movement In fund5 Unrestrirted funds Uniestricted General fund 344.062 1161,8701 182,192 Restrlcted funds Grant Income Restricted 1,920.102 11,895,697) 24,405 TOTAL FUNDS 2.264,164 12,057,567) 206,597 14. REiATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 March 2025. Page 26
Communit Southwark Detailed Statement of Flnanclal Activ'ties forthe Year Ended 31 March 2025 31.3.25 31.3.24 INCOME Donatlons and grant income Donations Trading income Grant income 13,893 140,914 486,421 7,184 126,074 393,764 641.228 527,022 Contract Income Contract income 527,015 509,342 Bank Interest Interest received 8.730 11,621 Other Income Investment Income Internal project income 17,456 21,750 39,206 Total incoming resources 1,216.179 1,047,985 EXPENDITURE Charitable actlvltles Direct staff costs Soclal security Penslons Recruitment costs HR and personnel Expenses Tralning and development Project delivery 705,162 71,320 34,921 6,127 1,583 1,861 16,406 169,236 648,902 60,555 30,899 4,712 5,300 3,390 10,591 116,459 1.006,616 880,808 Support ¢ostS Overhead charges Overhead charges 69A77 86,767 Governance costs Governance cost Auditors Remuneration 1,313 5,750 1,073 S,763 7,063 6,836 This page does not form part of the statutory flnancial statements Page 27
Communi Southwark Detalled Ststement of Flnancial Attivities forthe Year Ended 31 March 2025 31.3.25 31.3.24 Totsl resources expended 1,083,156 974,411 Net Income 133,023 73,574 This page does not form part of the ststutory financial statements Page 28