EAST DULWICH COMMUNITY CF.NTRF, ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
EAST DULWICH COMMUNITY CENTRE ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 CONTENTS Page Association Information Trustees, Report Independent Examiner's Report Statement ol Financial Activities Balance Shegt Notes to the Accounls 8-11
EAST DULWICH COMMUNITY CENTRE ASSOCIATION INFORMATION Charity No 1113395 Date of Registration 22 March 2006 Principal Addross 46 - 50 Darrell Road London SE22 9NL Trustees Martin Warren Chapman Janet Elizabeth Coy Robert Forsythe Sarah Welfare {Resigned 1810612023) Independ8nt Examiner Mrs D. Sequeira, 8.A. (Hons), B.Ed Leslie J. Sequeira & Co. Magmum House 133 Half Moon Lane London SE24 9JY
EAST DULWICH COMMUNITY CENTRE ASSOCIATI Charlt No: 1119395 ANNUAL REPORT OFTHE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2 24 The Trustggs are pleased to present their Fleport and the Financial Statements ol the Association lor tho year ended 31 March 2024. STRUCTURE, GOVERNANCE AND MANAGEMENT The Charity is constituted as a Community association and is governed by its Trust Dood dated 18 February 2006. It is an autonomous layvolunteer manaaed local community charity. The trustees during the year were.. Mr Martin Warren Chapman Ms Janel Elizabeth Coy Mr Floborl Forsythe Ms Sarah Welfare (Unfortunately, Sarah resigned in June 2023) Were there a requirement for new trustees, thoso would be identrfied and appolnted by the remalning Irustees, OBJECTIVES AND ACTIVITIES The Association was astablished to maintain and manage the community centre on behalf of Southwark Councll, the landlord. Our Centre is not just a building,, it is a community made of people, It is a neutral space where people come together for a wide variety of activiligs. It is not identified by any particular ethnicity, religion, age or oender group.11 is open to all, Our airn is to be accessibl8 and affordable to everyone in the area who wants to use rooms. Oui rooms are available for booking from 8 am to 9 pm 7 days a week for 50 weeks of Ihe year. Bookings can b8 made by phone, email or via our websito. We are aflordable to most people because we have a range of room hire charges to suit Iheir abllily lo pay. Summary 01 Actlvlty OUT financial yETrdr started in April 2023 with the centre open and striving to build on Ihe level of bookings since Covid. The number of private (one-off) hirers increased. The regular hirers who were able to meet during this year included.. Alcoholics Anonymous 8aby Sensory 8arry Area Residents Association Bible Way Easl Dulwich Labour Party Eos Dance Glorious Council Goose Green councillor surgeries Gumboots After School Club Little Smiles MP Surgery Men's Group New Day Ministries Pilates Serbian Classes Tots Tennis Woodcraft Yoga -2 classes Publlc 8enefSt We believe we have a positive effect on the local community and bring fooffall to the area which everyone
EAST DULWICH COMMUNITY CENTR Charit No: 1113395 ASSOCIATION ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 benefits from. OLir footfall for the year was around 2,058 hours of hall hire, 8quating to about 21,000 people accessing the centre. This was slightly up from the previous year of 2,048 hours. FINANCIAL PERFORMANCE Income was slightly more than than last year at £42,201. Expenditure was more Ihan last year at £45,024. There were increases in utility Costs as well as repairs and mainten2nce. AR a result, we gndp.d the year with a deficit of £2,822. There was not the incrg.ase in bookings we had hoped for. Therefore, bookings still have not returned to pre-covid levels. In addition, there Is still a squeeze Dn spending due to the cost of living crisis. The number of hours booked slightly increased compared with the previous year {2,058 hours compared with 2.048 hopursl. We have included the fr88 hours given to hirers. We may have to adjust to having fewer hours booked in the future. Reserves Policy All of our reserves are unrestricted funds. At the end of the financial year we held around £70,255. We hold unrestricted funds to mitigate against financial risk and meet major improvement ur repair costs not covered by Southwark Council. Projections of Income and Expendlture for 2024-25 Income is projected to be around £45,000 and expenditure is projected to be around £47,000. We are projecting a deficit of £2,000. To balance th8 books, we will have to increase our hall hire charges by an average of £1 per hour. OUR HIRERS APPRECIATE THE CENTRE: "in 14 years hiring the Centre, what I have always noticed and appTrciated is the Ca for each of us as individuals, as well as the managers, focus on improving their SeICe 8nd facilities for all users, at all times. 'The community centre is accessible and well maintainedl We appreciate its size and versatility." "The C8ntre is the perfect place for my baby group. It is safe and &vGure, with plenty of spaGe inside and outside. The community centre staff oire bnlliant, warm and welcoming." THANKS Thanks are due to everyone who helpe¢J us over Ihe year. In particular, thanks are due to 8arbara Enoe, Kaiche Enoe and Mark Treasure for their day to day management of the centre. Also to Kate Start, for managing our finances day-to-day and ensuring that the deficit was minimised. FUTURE In these uncertain times, we hope to ts able to continue to play a vital role in the life of East Dulwich and surrounding areas. We will improve our communication with both current and potential users of the centre, and will further improve the premises and its facilities.
DULWICH COMMUNITY Char No.. 1113395 ASSOCIATION ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 We recently had a visit from Ellie Reeves, our MP from this year. She wrote.. l also visited the much lovgd East Dulwich Community Contre. It was great to hear from the téam of staff and trust88s who run this facility. I was delighted to learn about all of the different c18sses and activities, and I was very stnjck by the triiste8s' and volunta8rs' dedic8tion to maintaining this space and ensuring it remains acc8ssJ'bJe to th8 locaj community. For and Dn behall of the Trustees Date.. 15th October 2024 Martin Chapman Chairman
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF EAST DULWICH COMMUNITY CENTRE ASSOCIATION (Charity No 1113395) I report to the trustees on my examination of the accounts of the above charity for the year ondgd 31 March 2024, which are set out on pages 6 to 11. Responslbllltl89 and Basls of Report As the charity trustees, you ar8 r8sponsibl8 for Ihe preparation of th& accounts in accordanc@ with the Charitie8 Act 2011 ('the Act.), I report in respecl of my examination of the charitys accounts carried out under section 145 01 tho 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)Ib) ot Ihe Act. Independent Examlner'9 Stat8m8nl I hav9 completed my examination. I confirm that no material matters have come to my attention in conn6ction wlth Ihe examination which gSv8s me cause lo believg thal, in any material respect,. accounting racords were nol kept in accordance with section 130 of the Act., or the accounts did not accord with the accounting r8cords', or the accounts dié nol comply with the applicable requirements concerning the form and content of accounts sel out in the Charities (Accounts and Reports) Regulations 2008 othgr than any requirement that the accounts give a 'true and lair, view which is not a matter considered as part of an independent examination. I have no concerns and have come across no Other matters In connection with the examination to which attention should be drawn in this report in ordor to onabls a proper und8rstanding of th8 accounts lo be reach d. Mrs D. Sequelrn, B.A. (Hons), B.Ed Lèslle J. Sequelra & Co. Accountants Magnum House, 133 Half Moon Lane LONDON SE24 9JY Date: 15th October 2024
EAST DULWICH COMMUNITY CENTRE AS No: 111339S IATION Statement of Financial Actlvltles V8Ar Ended 31 2024 Unrestricted Funds Rogtrictod Fund8 Total 2024 Total 2023 Note INCOMING RESOURCES Incomlng Resourc89 from G8nor8t8d Funds Voluntary income .' Donations & Grants Inler-fund Iransfgl 2,314 2,314 Incomlng Resources from Charllable Actlvltle8 Hall hlre 39,887 39,887 41,330 Total Incomlng Regourc•8 42,201 42,201 41,330 RESOURCES EXPENDED Charltable Expendlluro Charilabio activities 39,597 39,597 36,427 Governance Cost8 5,427 5,427 5,380 Tolal Re8ource8 Expended 45,024 45,024 41,807 Nel movement In funds (2.822) (2,822) (477) Total Funds 8roughl Forwar 73,077 73,077 73,554 Total Funds Carrled Forward 70,255 70,255
EAST DULWICH COMMUNITY CENTRE ASSOCIATION Charil No: 11133 Balance Shoot g At 31 March 2024 Unrestricted Funds Roslrictod Fun Total Total 2023 Note FIXED ASSETS Tanglble A8gelg 1,662 1,662 1,684 CURRENT ASSETS Debtors Cash at bank ano in hand 678 72,031 678 72.031 648 73,785 Total Currenl Assets 72.710 72,710 74,433 CREDITORS Amounts falling due within one year 4,117 4,117 3,040 Nel Curronl Assetg 1 (Llabllltleg) 68,592 68,592 71,393 Nel Asgets 70.255 FUNDS OF THE CHARITY Unreslricled Funds 70,255 70,255 73,077 R8StrScted Funds Total Funds 70.255 70,255 The accounts weie approved by the Trustees on 15th Octob8r 2024 and signed on thelr behalf by Martln Chapman Chairman
EAST DULWICH C MMUNITY CENTRE ASSOCIATION Charl No: 1113395 Not8s lo the Accounts BASIS OF ACCOUNTING Thgs9 accounts have been prepared under tho historical cost convention in accordance with Accounting and Reporting by Charities.. Statement of Recomm8nd8d Practice (SORP 2015), with accountino *tandards and with thg Charitl8g Act 2011 and applicable reaulations. ACCOUNTING POLICIES Incomlng Resourc8A a) Reco nition of i resourc These are includod in tho Statement ot Financial Activltles (SOFA) when.. the charity becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and iii) the monetary value Gan be measured with sufficient reliability. b) Incomin Flasourc s with relatod ndilur Where incoming resource5 have relatea expenditure, the incoming resources and related expenditure are reportad gross in the SOFA, cl Grants Donallons Grants and donations are only Included in the SOFA when the charity has unconditlonal entitlemenl lo the resourc8S. dl Tax reclaims li donations and ifts Incoming resources from tax reclaims are included in the SOFA at the same time as th8 gift to which Ih8y relate. e) Contraclu21 incom nd erlormance relat8d rant This is only included in the SOFA once the related goods or services hav8 been delivered. in kin Gifts in kind are accounted for at a reasonable esiimate of their value to Ihe charity or the amount actually realised. Gifts in kind foi sale or distribution are included in the accounts as gifts only when sold or isiribuied by the Gharity. iii) Gifts in kind for use by the charily are included in the SOFA as incoming resources when receivable. g) Donaled services and lacilities These are only included in incoming re8ource3 (with an equivalent amount in Tesources expended) where the benefit to the charity is reasonably quantiliable, measurable and material. The valu8 placed on these resourcos is the estimated value to the charity of the service or facility received. h) Volunteer hel The value of volunteer help received is nol included Sn the acGount8 but is described in the trustees, annual report. Investment income This is included in the accounts when receivable.
EAST DULWICH COMMUNrrY CENTRE ASSOCIATION Charit Mo: 1113395 Notes to Ihe Accounts Expendlture and Llebllltle8 al Llabll, reco nition Liabililies are recognised as soon as there is a legal or constructive obligation committino the charity to pay out r8sourc8S. b) Governance eogts These include costs of the preparation and examination of statutory accDunts, the costs of trustee meetings and cost of any1egal advice to trustees on governance or constitutional matters. e) Grants wlth conditions Where the charity gives a arant with conditions for its payment baing a specific18vel of service or output to be provided, such grants are only recognised in the SOFA once the recipignl of the grant has provided the specified seniice or outpul. d) without con ns These are only recognised in th8 accounts when a commitment has been made and there are no condilions to be met relating to the grant which remain in the control of the charity. ible fixed assets loi se These are capitalised if Ihey can be Ljsed for more than one year and are valued at cost or reasonable value on receipt. The capitalised fixed assets are d8pr8ciat8d at 250A un a reducing balance ba818. ANALYSIS OF RESOURCES EXPENDED Unffjslricled Roslricled Total 2024 Total Charltable Acllvllles Donations Professional fees Volunteers, honorarium fees Cleaning Caretaker Gardening Utilities Telephonellnternel Insurance Repairs & Mainlenance 50 2,905 2,936 11,613 11,131 450 6,505 848 341 2.817 39,597 50 2,905 2,936 11.613 11,131 450 6,505 848 341 2,817 39,597 50 2,415 2,885 11,384 11,323 481 5,267 662 341 1,619 36,427
EAST DULWICH COMMUNITY CENTRE ASSOCIATION Charll No: 1113395 Notes to the Aceounts ANALYSIS OF RESOURCES EXPENDED (CONT'D) Unrestricted Fun Re81ricled Funds Total 202 Total 2023 Govemanco Co8t9 AGhJ & Social Events Rent & Rales Printing, Postage & Stationery Bookkeeping Website Bank charges Accountancy Equipment depr8ciation 716 260 246 2,835 84 12 720 554 5,427 716 260 246 2,835 84 12 720 554 131 260 96 2,975 667 690 561 5,380 DETAILS OF CERTAIN ITEMS OF EXPENDITUAE Tru$t•e Expon$o8 No payments of expenses were made to the trust88s during th8 year. Independent Examlner'g F••s The amounl payable lo the Independ8nt Examiner amounts to £720 VAT inclusive12023 - £690) foi preparing and reporting on this year's tinancial statements. Payments for SeNlces Recelvad Various servic&s w8re provided by individuals lo the charity as self-employed in arm's length transactions. Payments to these individuals have been included in their respective expenses category in the accounts. HONORARIUM FEES 2024 2023 Booking officei 2.936 2,885 10
EAST DULWICH COMMUNITY CENTRE ASSOCIATION Chari No., 1113395 Notès lo the Accounts TANGIBLE FIXED ASSETS Fixtvros. Fittings & Flxtures, Fittings & General estricted ost Balance brought forward Additions 18,276 532 18,808 1,815 1,815 Accumulated D ion Balance brought forward Charge foi the year Balanc8 carried Iofward 16,592 554 17,146 1,815 1,815 Nel Book V I At 31 March 2024 1.662 At 31 March 2023 DEBTORS & PREPAYMENTS 24 Am Hall hire fees hin 678 648 CREDITORS & ACCRUALS 2024 2023 eneral Funds Refundable deposits received Booking feas received in advance Ulilities Other credltors Accountancyllndependent examiner's fee 1,100 850 645 1,002 720 4,117 1,540 531 279 690 3,040