REGISTERED COMPANY NUMBER: 02320688 (England and Wales) REGISTERED CHARITY NUMBER: 1114292 TRUSTEES, REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR SPRINGFIELD COMMUNITY FLAT Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW164TR
SPRINGFIELD COMMUNITY FLAT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Reference and administrative details Trustees, report Independent examln¢r'$ report Stalement of finan¢ial aetivities Statement of financial posltlon Statement of cash flows Notes to Ihe flnanelal ststernents Delailed Btstement of financial activitieg 15
SPRINGFIELD COMMUNITY FLAT REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2024 TRUSTEES R¢vd P J Rose-casemore Stephanie McIvor-Oakley Yvette Anthony Amino Yahye Son Senge Virginia Cassama COMPANY SECRETARY Yvette Anthony REGISTERED OFFICE 110 Union Road London SW8 2SH REGISTERED COMPANY NUMBER 02320688 (England and Wales) REGISTERED CHARITY NUMBER 1114292 INDEPENDENT EXAMINER Leroy Reid & Co Chartered Certified Accountsnts and Statutory Auditors 299 Northborough Road Norbury London SW164TR Page I
SPRINCFIELD COMMUNITY FLAT TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 The twstees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (eff¢ctiv¢ l January 2019). OKIECTIVES AND ACTIVITIES Objectives and aims The principal activity of the charity are to provide the following facilities for those living in the Springfield and Larkhall Estate: l. Early Years Session Care and Early Years facilities for children under 5 2. Out of h0o1 hours provision for 8 to 16 years old After Schools, Breakfast Club and Playschemes. 3. A venue with support and resources for local community. 4. To offer drop-in fa¢ilitie5 for e.g advice on accessing education. 5. Language support in relevant languages. 6. Stewart's Road Adventure Playground and Youth Centre for children and for young people . (i) Risky play (ii) Youth mentoring* (iii) animal husbandry, ¥ardening (iv) nutrition (frnit, vegetable growing and healthy eating. (v) NEET young people 7. Work wilh refugces and asylum seekers. 8. Family support. 10. Inclusion work with children who are physically disabled, with additional needs or with challenging behaviour. I l. Help people become work.ready. 12. Work with senior citizens and visiting isolated elderly people. 13. Work with people with mentsl health issues. 14 Food bank. Page 2
SPRINGFIELD COMMUNITY FLAT TRUSTEES, REPORT FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE Charitable activities Once again, th¢ past year has been a detnanding7 one. but encouraging too as we continue to respond to the needs of our local community and to consolidatc the dedicated focus of SCF over the past year5. Our Early Year5 provision continues to off¢r professional and supportive work for th¢ Ghildren and farnilies in our area and during the year. w¢ have been encouraged by returning children, particularly in farnilie5 who have had a long-standing relationship with the provision. Maintaining staff and their knowl¢dge of the area has helped in the encouragement and support of families and staff dedication is exccllent. The nursery is much appreciated locally. With further improvements on the Adventure Playbyround, (STRAP) over the past year, and having begun to work in partnership with other5 in the area, we hav¢ offered weekly groups and also playschemcs every school holiday. Improvements have been made to the outdoor space and the garden¢r works creatively with children and staff alike. The number of children attending the regular weekly session has increased, due to consistency and dedication of staff. Sessional workers are encouraged and there have been a number of young people involved in placcments from secondary schools. The ESOL classes offered on four mornings a week continuc to attract people from diverse ethnicities and an increasing number of students arc attending and gaining from this provision. There are now more volunteer teachers and thr¢¢ classes are offered for differing abilitics. This is a much-apprecialed local provision. The 'Over-50's' group who meet for lunch and activities has grown consistently and is ¢o-ordinated by an excellent and welcoming work¢r with volunteers. It has bccomc a central part of our local community and friendships have fornled through Ihc activities and sharing a meal together. Pastoral concern is a reality in the group and also contact made with members of their families where neccssary, Everyone enjoyed the Christmas paty. The homcwork club for primary school children, year 6 upwards is a great success and run by two trained teachers, particularly attracting children who bcncfit from more personal inpul togethcr with team-building and sharing a meal together. Thanks to children and their families speak highly of this provision and everyone looks forward lo meetin each week during tcrni-time. It has been encouragin&y to see the development of those attending, both in confidcnce, language and team-work. Thcrc is a very good atmosphere and relationship in the group between Icachers and the children. Thanks too to the dedicated chef. My thanks to the paid staff at SCF and our volunteers, all of whom work tirelessly and with dedication under the direction of the Projects Manager. FINANCIAL REVIEW Financi41 position Details of the organisation's financial position for the year are shown on pages 6 to 14 of the financial statemenls. Investment policy And objectives It is our policy to invest our funds balances on our Deposit Account to ¢nsure a reasonable return in tsrnis of interest and long-terni protection from inflation. Reserves policy It is the policy of the charity to maintain adequate free reserves andlor committnents of income to maintain the quality and continuity of facilities and services for those living in the Springfield and Larkhall estate5 (as detailcd on page I under principal activities) for a minimurn of three months. STRUCTURE, GOVERNANCE AND MANACEMENT Governing doeument The charity is controlled by its governing document, a deed of twst, and constitutes a limited company, limited by guarantee. as defined by the Companies Act 2006. Page 3
SPRINGFIELD COMMUNITY FLAT TRUSTEES, REPORT FOR THE YEAR II NDED 31ST MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure The organisation ts a registered charity with a company limited by guardntee status incorporated on 22nd of November 1988. It is therefore governed by a memorandum and articl¢s of association. The charity has obtained dispensation from the Registrar of Companies to exclude Limited from the company name. The trustee confirni that the provision of the company's governing document have been complied with throughout the year under review. Approved by order of the board of trustees on 13th December 2024 and signed on its behalf by: Revd P J Rose-casemore Trustee Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SPRINCFIELD COMMUNITY FLAT Independent examiner's report to the trustees of Springfield Com munity Flat ('the Company,) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31st March 2024. Responsibilities and basis of report As the charity's trnstees of the Company (and also it5 directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Acl,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of th¢ 2006 Act and are eligible for independent examination. I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('th¢ 201 l Act,). In canying out rny examination I have follow the Directions given by the Charity Commission under Section 145(5) (b) of the 201 l Act. Independcnt examiner's statement I have completed my examination. I confinn that no matters have come to my attention in connectlOD with the examinalion giving me cause to believe: accounting records were not kept in respect of the Company r¢quired by Section 386 of the 2006 Act; or the accounts do not accord with those records. or the account5 do not cornply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts havc not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing thcir accounts in accordance with the Financial Rcporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and have ¢ome across no other matters in conneclion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be rcached. Ebenezer Okai, (Bscj FCCA Leroy Reid & Co Chartered Certified Accountants and Statutory Auditors 299 Northborough Road Norbury London SW16 4TR Date: 17th December 2024 Page 5
SPRINGFIELD COMMUNITY FLAT STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPII NDITURE ACCOUN FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total funds 2023 Tolal funds UnrestrietedRestrieted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 11,350 11,350 5,755 Charitsble aetivitiey Charitable activities 163,104 163,104 119270 Total 163 104 174454 125 025 EXPENDITURE ON Charitable activities Charitabl¢ activitics 163 104 222 436 142 120 NET INCOMEI(EXPEEYDITURE) (47,982) (47,982) (17,095) RECONCILIATION OF FUNDS Total funds brought forward 112,294 112,294 129,389 TOTAL FUNDS CARRIED FORWARD 112294 The notes forni part of these financial statements Page 6
SPRINGFIELD COMMUNITY FLAT REGISTERED NUMBER: 02320688 STATEMENT OF FINANCIAL POSITION 31ST MARCH 2024 2024 2023 Notes CURRENT ASSETS Cash at bank and in hand 69,488 116,615 CREDITORS Amounts falling due within one year (5,176) (4,321) NET CURRENT ASSETS 64,312 112294 TOTAL ASSETS LESS CURRENT LIABILITIES 64,312 112,294 NET ASSETS 112294 FUNDS Unrestricted funds io 112,294 TOTAL FUNDS 112294 The charilable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 st March 2024. The members have not required the company to obtain an audit of its financial statements for the year ended 31 st March 2024 in accordance with Section 476 of the Companies Act 2006. The trustee5 acknowledge their responsibilities for (a) ensuring ihat the charitable company ke¢p5 accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and preparing financial statements which give a truc and fair view of the State of affairs of the charitable company as at the end of each financial ycar and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. (b) These financial statements have been prepared in a¢¢ordance with the provisions appli¢abl¢ to charitable companies subject to the small companies regime. Th¢ financial statements were approved by the Board of Trustee5 and authorised for issue on 13 December 2024 and were signed on it5 behalf by: P J Rose-casemore Trustee The notes forn] part of these financial statements Page 7
SPRINGFIELD COMMUNITY FLAT ST ATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 Notes Cash flows from oper4ting activities Cash generated from operations 12 47,127) 14,809 Net cash used in operating activities 47,127) 14.809) Change in eash and cAsh equivalents in the reporting period Cash and cash equiv8lenty #t the beginning of the reporting period (47,127) (14,809) 116,615 131424 Cash alld ev4sh equivalents at the end of th¢ r¢portin¥ period 69,488 116615 The notes forni part of these financial statements Page
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL 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 (FRS 102) 'Accounting and Reporting by chitIes. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the hislorical cost onvention. INCOME All income is ronISed in th¢ Statement of Financial Activities once the charity has entitl¢m¢nt to th¢ funds, it is probable that the income will be received and th¢ amount can be measured reliably. EXPENDITURE Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable ihat a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expendilurc is accounted for on an ¢rUalS basis and has been classified under hcadings ihat aggrcgate all cost related to the calegory. Where costs cannot be directly attribuled lo particular headings they have been allocated to activities on a basis consistent with the use of resources. TAXATION The charity is exempt from corporation tax on its charitsble activities. FUND ACCOUNTING Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restriclcd funds can only be used for particular restricted purposes within th¢ objects of the charity. Restrictions arise when spccified by the donor or when funds are raised for particular Testricted purposes. Further explanation of the nature and purpose of each fund is included in the notcs to the findncial statcmcnts. DEBTORS Debtors in relation to Grant reccivables arc recogniscd at the amount outstanding at the ycar end. GOING CONCERN At the time of approving the accounts, the Trustees have a reasonable expectation that the charity has adequate resources to continuc in operational exislence for ihc for¢sccable future. "lknus, the trustecs continue to adopt the going concern basis of accounting in preparing the accounts. PROPERTY, PLANT AND EQUIPMENT Assets are capitalised at C05t where their costs is above £2,500 and depreciated over the estimated useful liv¢s. CASH AND CASH FQUIVALENTS Cash and cash equivalents include Cash in hand, deposits held at call with banks, othcr short-terni liquid investments with original maturilies of three months or less, and bank oveTdTaft5. Bank overdrdfts are shown within borrowings in current liabilities. VALUE ADDED TAX Value Added 'fax is not recoverable by the Chlty and as such is included in the relevant costs in the Stat¢ment of Financial Activities. Page 9 continued...
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31ST MARCH 2024 DONATIONS AND LEGACIES 2024 Total funds 2023 Total funds Unrcstricted funds Restricted funds Other small donation 11.350 11,350 5,755 INCOME FROM CHARITABLE ACTIVITIES 2024 Charitable Vdctivities 2023 Toial activities Lambeth - EY3YO Lambeth - EY2YO Lambeth Council Big Lottery Fund (Award5 For All) Thc London Communtty Foundation Henry Smith (Claphan Reliefj Garfield Weston Foundation Clapham Rclief Fund Lambcth - HAF Mayofs Fund For London - Kitchen Social 40,045 39,414 ,139 10,000 9,900 16,291 39,726 1,881 1,000 20,000 6,866 27,256 6,250 20,000 3,040 24,316 ,250 119270 CHARITABLE ACTIVITIES COSTS Dlreet Costs (see note S) Charitable activities 222 436 DIRECT COSTS OF CHARITABLE ACTIVITIES 2024 2023 Staff costs Rent and ratos Insurance Light and heat Telephone Postage and stationery Sundries Travel, welfare and subslstence Motor running cost Playschem¢ Senior citizens Volunteer expenses Stewart's Road Adventure Play Ground Repairs, renewa15 and cleaning Accountancy & payroll 104,522 47,420 1,144 ,986 1,939 1,409 75,914 29,936 2,584 2,108 1,713 1,601 650 2,365 472 3,192 8,350 ,545 23,885 1,791 693 6,033 2,798 2,815 1,059 4,952 1,899 Carried forward 207,713 134,846 Page 10 continued...
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FINANCIAL STATEMENTS - eontinued FOR THE YEAR ENDED 31ST MARCH 2024 DIRECT COSTS OF CHARITABLE ACTIVITIES- eontinued 2024 2023 Brought forward Publicity, subscription and promotion Staff training Independent Examiner's fees Cieche Expens¢5 Bank charges ESOL expenses 207,713 50 708 2,946 850 57 10,112 134,846 103 580 2,946 3.632 13 222,436 142,120 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 3 1st March 2024 nor for the ycar ended 3 1st March 2023. TRUSTEES, EXPENSES There were no trustee5' expenses paid for the year ended 31stMarch2024 nor for the year ended 31st March 2023. STAFF COSTS 2024 2023 Wages and salaries Social security costs Other pension costs 98,385 1.746 4,391 72,143 308 104 522 The average Monthly number of employees during the year was as follows: 2024 2023 Department A D¢partment B 10 12 No employees Teceived emoluments in excess of £60,000. Pagell continued...
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes Other creditors Accrued expenses 817 1,413 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Total funds 2023 Total runds UnrestrlctedRestrleted fund fund Current assets Current liabilities 69.488 5,176) 69,488 116,615 64.312 64,312 112294 io. MOVEMENT IIY FUNDS IY¢t movement in funds At 31.3.24 At 1.4.23 Unrestricted funds General fund 112,294 (47,982) 64,312 TOTAL FUNDS 112294 47 982) Net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestrleted funds General fund 11,350 (59,332) (47,982) Re5trieted funds R¢strict¢d fund 163,104 (163,104) TOTAL FUNDS 174454 222 436 Page 12 continued...
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FIIYANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 io. MOVEMENT IN FUNDS - continued Comparatives for movement in funds Net movement In funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 129,389 (17,095) 112,294 TOTAL FUNDS 129389 Comparative net movement in funds, included in the above are as follows: Ineomlng resources Resources expended Movement In funds Unrestricted funds General fund 5,755 (22,850) (17,095) Reslricled funds Restricted fund 119,270 (119,270) TOTAL FUNDS 125 025 142 120) A current year 12 months and prior year 12 months combined position is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds General fund 129,389 (65,077) 64,312 TOTAL FUNDS 129 389 65 077) Page 13 continued...
SPRINGFIELD COMMUNITY FLAT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2024 io. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the al)ove are as follows.. Incoming resources Resouree5 expended Movement in funds Unrestricted funds General fund 17,105 (82,182) (65,077) Restrieted funds R¢stricted fund 282,374 (282,374) TOTAL FUNDS 299.479 364,556) 65 077) RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 3 1st March 2024, 12. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATIIYG ACTIVITIES 2024 2023 Iyet expenditure for the reporting period (as per the Statement of rinaneial activities) Adjustments for: Decrease in debtors Increase/(decrease) in creditors (47,982) (17,095) 3,570 855 Net Cvdsh used In operationg 47 127) 14 809) 13. ANALYSIS OF CHANGES IN NET FUNDS At 1.4,23 Cash flow At 31.3.24 Net eash Cash at bank and in hand 116615 47 127) 116615 47 127) Total 116615 Page 14
SPRINGFIELD COMMUNITY FLAT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total fund5 2023 Total funds Unrestricted funds Restricted funds INCOME AND ENDOWMENTS Donations and legacies Other small donation 11,350 11,350 5,755 Charitable activities Lambeth - EY3YO Lambeth - EY2YO Lambeth Council Big Lottery Fund (Awards For All) The London Community Foundation Henry Smith {Claphan Relief) Garfield Weston Foundation Clapham Relief Fund Lambeth - HAF Mayor's Fund For London - Kitchen Social 40,045 39,414 ,139 10,000 9,900 40,045 39,414 8,139 10,000 9,900 16,291 39,726 1,881 1.000 20,000 6,866 27,256 20,000 3.040 24,316 20,000 3,040 24,316 163 104 163 104 119270 Tolal incoming resources 1,350 163,104 174,454 125,025 EXPENDITURE Charitable activitics Wages Social security Pensions Rent and rates Insurance Light and heat Telephone Postage and stationery Sundries Travel, welfare and subsistence Motor Nnning cost Playscheme Senior citizens Volunteer exnseS Stewart's Road Adventure Play Ground Repairs. renewals and cleaning Accountancy & payroll Publicity, Subscription and promotion Staff training Independent Examiner'5 f¢e5 Creche ExnSeS Carried forward 98,385 98,385 1,746 4,391 47,420 1,144 1,986 ,939 1,409 72,143 308 3,463 29,936 2,584 2,108 ,713 1,601 650 1,746 4,391 15,506 31,914 1,144 1,986 1,939 1,409 2,365 472 2,365 472 3,192 8,350 ,545 23,885 1,791 693 50 708 2,946 850 212,267 784 6,033 2,798 2,815 1.059 4.952 1,899 103 580 2,946 3,632 142,107 3,192 8,350 8,545 23,885 1,791 693 50 708 2,946 850 163,104 49,163 This page does not forni part of the slalutory financial statement5 Page 15
SPRINGFIELD COMIKUNITY FLAT DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total funds 2023 Total funds Unrestrieted funds Restrieted funds Charitable activities Brought forward Bank charges ESOL expenses 49,163 57 10,112 163.104 212.267 57 10,112 142.107 13 59,332 163,104 222,436 142.l20 Total resources expended 59,332 163,104 222,436 142,120 Net (expendilureyincome 47 982) 47 982) 17,095) This page does not forni part of the slatutory financial statements Page 16