EAST DULWICH COMMUMTY CENfRE ASSOCIATION FINANCIAL gfATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
EAST DULWICH COMMUNITY CENTRE ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 cOrENTs Page Association Infomiation Trustees, Report Independent Examinerfs ReFQrt Statement of Financial Activities Balance Sheet Notes to the Accounts 7-10
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EAST DULWICH COMMUNifi CENTRE ASSOCIATIO Chari No: 1113395 ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 The Trustees are pteased lo present thelr Repct and the Financial Statements of the Association for ihe year onded 31 March 2022. STRUCTUR GOVERNANCE AND MANAGEME The Charity is ¢{St11uIed as a Communty associatiC a1 govemed by Its Trust Deed dated 18 February 2006. 11 is an autonorn(yJs layvdunleer managed communtty charity. The trustees durlng the year were: Mr Martin Warren Chapman Ms Janel ESzabelh Coy Mr Robert Forsythe Ms Sarah Wdlare Were there a r]ement tor rW trustees. these w0d be idenlified aryl aFpcinted by the remaining trustees. OBJECTIVES AND ACTIVITIES The Associafion was estlished to maintaFn and manage the o)mmunity centre on behf of Southwark Council, Ihe landlord. Our Centre is not just a buildr, it is a community m of pee.11 is a neutral spaoe Wre people come together for a wide variety ol acl¢vilie8.11 is not identified by any particuLv ethnlty, religion, age or gender group. It is open lo all. Our is to be accessible and affordable lo everyone in the who wants to use rooms. Our rcK>ms are avallde LK)d(ing from 8 am trj 9 FTh 7 days a week for 50 ekS ol the year. Bookings can I made by phone, emal or Ma our website. We are affordable to most peOe because we have a range of room hire ¢harges to 5uiI their abilty lo pay. Summary or Actlvlty Our finarKial year Started in Awll 221 the Cthe cpen and gradualty increasing kgvel of bookings. Bookings gradualiy increased over the year as most 0Up¥ were allowed to meet in rSon. The number of private hirers $0 increased. The regular hirèrs vtho were able to meel during thts year included.. Alcoholics Anonymous Anoinled Praise Barry Area ResKlents AssLxialion ble Way Clip Theatre Eos Dance Gathered Gumboots After School Club London Slings MP Surgery Men's Group Monday fit New Day Ministries Serbian Classes Slephen Crichtk)w Tots tennts Woodcraft We were unable lo celebrate our 40th anThversary in 220 due to GOVID. We Ik Ihe opportunity lo celebrate this landrnark in October 2021 with a [al comtAele th t49 band and celthalion cake. The event was attended by our MP as well as a founder member of the first coMm[tt for the community ntre.
EAsf DULWICH COMMUNITY CENTRE ASSOCIATION Chari No: 1113395 ANNUAL REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022 Publlc Benefh We believe we have a positive effect on the crmmunity aThl footfall tti the area whith eVery(e benefirs from. Our lootFall the yearwas tter Ihan ihe before and was 15.(MIO. Our hirers aFpreciate the centre: The Centre is a Ively. wellmanaged facllity Viat has aknv6dmy IsInesS to grow abng theyears. The support and Gare Offer to prowrlers andusers is what made it so wlarin the area. FINANCIAL PERFORMANCE Income this year was £46,000, last year £13.500, an ieaSe of around V32.5QK) or 240%. However, exndItUre was up by only 10Qk {this year £36.000 compared with tast yeafs Yd3.OWI. As income was more than expected arvj speThJing was less than expecled. we ended the year 7h71h a suruS of over £9,000. Bookings pid(ed up quite quSckly this year fren la81 ye5 dovm bjm were up C(npared last year. This year we had 2521 booked IbJJrs. lasi year 783 hours we managed the Ireased activity wthout much ol an increase in expenthture. Reserve8 Policy l of our reserves are unresled funds. At the erwj of the finarKid year we around t73,500 We hold unrasfricled funds to mitsJate against finar¢ial risk meet major improvement or repair costs not covered by Southwark Council. Projected Income and Expendiiure Projected incorne is £45.OOD. It is diff1t lo woject expefi1Ure ratY due to spiralliThJ costs bul 51 Is Ilkely to bg between £40,000 afKJ £45,000. THANKS Thanks are due to everyDne ted us over the year. In partlar. thanks are due lo Barbara Enoe, Kaiche Enoe and Marf£ Treasure lor their day lo day management of the centra. FUTURE In these Urertain limes, we to be atrje lo olinue to play a wlai role in the Ife of East DUCh and surrounding areas. We will imwove our communtsth)n with trf)th current armj potential users of the centre and further improve the premises its facilities. For and on t*haEf of the Trustees Date.. 17 Ckiober 2022 Martln Chapman Ch[man
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST DULWICH COMMUNITY CENTRE ASSOCIATION (Charity No 1113395) I report to the Iruslees on my examination of the accounts of the above charity for the year ended 31 Mar¢h 2022, which are sel out on pages 5 to 10. Responsibllltles and Basis of Report As the charty trustees, you are responsible for the preparation of the aecoLtnts in accordance with the Chartties AGt 2011 {'Ihe ACV'I. I report in respect of my examinalion of the charl8 accounts carrted out under section 145 of the 2011 Act and in carrying out my examination. I have follcwed all the applicable Directions given by the Charty Commi55ion under section 14515}(b} of the Act. Independent Examlnerfs Statement I have Gompleled my examination. I Confi that no material matters have ccffie to my attenlTron in connection w¢th the examination which gNes me cause to believe that irs, any material respect,: accounting records were not kept in accordance with section 130 of the Actr or the accounts did not accord with the accounting records", or the accounts did not comply with the applble requirements conwning the form and conlenl of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requirement that the accounts give a 'true and fairf view which is not a matter considered as part of an irKlependent examinafion. have no concerns and have come across no olher matters in connecthjn wrth the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. Mrs D. Sequeira, B.A. (Hons), B.Ed Leslle J. Sequeirn & Co. Accountants Magnum House, 133 Half Moon Lane LONDON SE24 9JY Dale: 17 October 2022
ST DULWICH COMMUNITY CENTRE ASSOCIATION Charlt No: 1113395 Statement of Finan¢lof Actlvities Year Ended 31 March %)22 restrted Rastrthd Total Funds Total 2021 INCOMING RESOURCES Incoming Resources trom Generated Funds Voluntary i[Ome . DonalKsns & Grants Investrnenl income.. Bank interest received 1,040 61 Incomlng Resources from Charltable Actlvltles Hall hire 45,121 45,121 13,480 Total Incoming Resources 46.161 46,161 13,545 RESOURCES EXPENDED Charilable Expendilure Charitable aclivities 31.868 31.868 30,046 Governance Costs 4.510 4.510 3,060 Totsi Resources Expended 36,378 36,378 33,106 N8t rnovement In funds {19,561} Total Funds Brought Forward 63,754 17 63,771 83,332 Total Funds Carried For¥rard T4537 17 73.554 63.771
EAST DULWICH COMMUNITY CENTRE ASSOCIATION Chari No: 1113395 Balance Sheet At 31 March 2022 Restrfoted Funds Total 2022 Total 2021 Flts FIXED ASSErs Tanglble Assets 1.612 1,612 2,149 CURREKf ASS5 Debtors Cash at barl( arKI in hand 207 75,780 207 75.797 342 64,262 17 Totsl Current Assets 75.987 17 76,004 64,604 CREDITORS Amounts falling due within one year 4,062 4.062 2.982 Net Current Assets l {LSabllle$) 71,925 17 71.942 61,822 Net As$ets 73,537 17 Ta54 63,771 FUNDS OF THE CHARITY Unrestricted Funds Td,537 n.537 63.754 Restrictsd 10 17 17 Total Funds 73,537 17 7354 63.771 The accounts were aFvroved by the Truslees (M 17 October 21)22. and signed on I1r behalf by Martin Cha man Chaiman Sarah W Tr&isurer
DULWICH COMMUNrrY CEKfRE ASSOCIATION Chari No: 1113395 Notes to the Aceountg BASIS OF ACCOUNTING These accounts have been prepared under the historical cost convention in OrdanCe yth counting and Reporting by Charities: Statement ol AOrnmended Practi ISORP 2015). th accounting standards and wtth the Charities Act 2011 aFplicable regulations. ACCOUNTING POLICIES 11 InmIng Resources Aec tlon uf incom These are included in the Slalement of Fnancial Acbvitses (SOFA) when: the charity becomes entiued lo the resources" the Iruslees are wrtually cerlan they will recwa the resources,. and iii) th8 monetaryv8lue can te measured w7th Suffici reSabilty. bl Incomln Resources wlh rted e Where incoming resources have related 8Xnditure, tr incomiTrJ resources and related expenthlure are re)rted gross in the SOFA. c) Grants & Donations Grants and donations are onty ]uded in ts SOFA ¥knen charity has uncondltlonal enliuemenl to the resouices. Tax reclaims on donat5 aThl Incowning resrAJrces trom recIaS are in SOFA at Ihe same time as the gift lo vthich they relate. contractu incorne and rformance related ranis This is only included in the SOFA orKe the Idated gocmts or seIS have been delered. Gifts in kind Gifts in kiThJ are accounted tor at a reasonable esllmate ol their vatuè to Ihe charrty or the ounl actually reiSed. Gifts Fn kind for $e or CStrIbution are fftCbj¢d in Ihe acccmjnts as gifts only when sold or cfjstribuled by the charity. 1111 Gilts in kind for use by the charity are Ild in the SOFA as inming resources when receivable. gl onaled seTVi s and I1[11eS These are only induded in incoming resources Iwth an equIVent amount in resources expondedl where the benefit to the (*wity is re&8onably quantifiable, measurable and material. The value plad on these resource5 is the estimated value to the charity of the service or facilty received. h) Volunteer hel The value of volunteer help reIVed Is Mt Iruded in the accounts but is thscxibed in the trustees, annual report. Investment income This is included in Ihe lUnts ¥hn reate.
EAST DULWICH COMMUNrrY CENTRE ASSOCIATION Chari No:1113395 Notes to the Accounts 22 Expendlture and Liabilltles nilion abilities are recognised as S( as Ihere i8 a leg or cOtrUctive ot4wJalion commltting the charity to pay out reswrces. b) Govemarte costs These include costs ol Ihe weparation aNI examinatlon of statutory accoun15, the costs of trustee meetings and cost ol any gaI thice to Irustees on gi)vernare or constilulional matters. c) Grants with orniar cybltionS Where the charity gives a grantwith Cor11)5 for its payTnent being a specific level of seNice or oulput to be provided, such grants are 0Y recognised in the SOFA once the recipient ol the grant has yovhjed Ihe swfied Wmce or oulwt. Grants able 7th(rt rfomarte condiEions These are only recognised in the awunls when a commitrnent has been rnade a1 there are no coThJitiorL8 to be met relating to the grant whkth remain in Ihe conlrol of the charity. 23 Assets ible fixed assets for use These are capilalised il they c8J) be used I more than one year and are valued at cost or reasonable value on receipL Thè capitaltsed fixed assets are tspratsd al 25% on a ieducing balance basis. ANJLYSIS OF RESOURCES EXPENDED Unrestrkt Restricted Funds To 2022 Total 2021 Charttable Actmtles Events costs & Catering profession fees Volunteers, honorarium fees Cleaning Garelaker Gardening Ullities Telephonellntemet InSUrae Repairs & Maintenance Sundry 138 945 2.7 9,073 9.674 342 3,168 941 358 2,707 1.715 2,750 10,738 9,907 414 3,823 599 358 1,565 1.715 2,750 10,738 9,907 414 3,823 599 358 1,565 31,868 31.868 30,047 Contributions lo expenses 31.868 30.047
EAST DULMCH COMMUNITY CEKfRE ASSOCIATION Charl No: 1113395 Notes to the ounts ANALYSIS OF RESOURCES EXPENDED ICOPWD) UnrestrKt8d Restrkaed Funds Total 2022 Total 2021 Governance Costs AGM & Swial Events Rent & Flales Prnting, Postage & Stathjnery Bookkeeping Accountar Sundries Equipment dewec4atioft 951 951 81 73 2.240 660 2.240 660 48 537 4510 1.610 618 29 717 3,060 537 4510 DAlLs OF CERTJJN ITEMS OF EXPENDITURE Trustee Expenses No payments of expenses were made lo the trustees dwiThJ Ihe year. .42 Independent Examiner's Fees The amount payable lo the Indepethl Examiner amounts tr) £W VAT IlUse(202l- £6181 for preparing arKJ reporting on this w's finarmial statements. Payment$ for Servlces Received Various setvices were promded by indNKluals to the charlty as seif-ernFAoyed in ami's lengih transactions. Payrnents to ttrwe iKINiduaLs have b8en included in their ressxclive exFensas category wi the acGount& HONORARIUU FEES 2022 2021 Booking officer 2,750 2.700
EAST DULWICH COMMuhYfi CEKfRE ASSOCIATION Chari No: 1113395 Notes to the Accounts TANGIBLE FIXED ASSETS Fixtures, Fittings & ui General Fixtures, Fiitings & ui Reslricled Cost Balance brought forward dillons 17.643 1,815 17,643 1,815 PLcumulated Da ecialion Balance brought forward Charge lor the year Balance carried forward 15.494 537 16.031 1.815 1,815 Nel Book Value Al 31 Maroh 2022 1.612 At 31 March 2021 1149 DEBTORS & PREPAYMEKrs 20¥ 2021 Arnounls fallin due within on8 Hau hire lees 207 342 CREDITORS & ACCRUALS 22 2021 Generd Funds Refundable deposits received BkIng lees receNed in adVae Utlities Rent Ac¢ountancyllndependent examinerfs lee 1.940 874 68 520 660 4062 1,452 232 520 618 2,982 10. MOVEME OF RESTrICTED FUNDS Brght Forwdrd Incomw Resources Oulgcing Resources Carried Forwa DeVebrenI Proiecl Fund 17 Total Funds 17 17 10