Company reglstratlon number: 05970025 Charity registration number. 1121081 IELD ACCOUNTANTS SOMERVILLE YOUTH & PLAY PROVISION LIMITED TRUSTEES. REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 somerville Youlh & Play Provislon Umlted Contents Page Referenco and Administrative Details Tru8lees' R8POrt 2-6 Ind?pendent Examlnerfs Report statem&nt of Financlal Activitles {InGluding Income and Expenditure Account) Comparativo Statement of Finandal Actlvltle8 (Includlng Incom6 and Exponditure Account) Balanca Sh88t Note8 to the Flnanclal Ststements Somerville Youth & Play Provision Lirnitod Roference and Administrativè D¢talls For The Year Ended 31 March 2025 Trustees S D Browne {appolntsd 2310312025) A Morris (resigned 0410212025) K Faragher (resigned 0410212025) J Cumming8 (resigned 0410212025) J Shimidzu C Callender (appointed 2310312025) D Khler (reslgned 04102r2025) S Carey (appolnled 0310812025) P Fry (appolnted 0610512025) S W Low (appoint8d 0811212025) L Ononye (appointed 1910512025) Charlty Number 1121081 Company Nurnber 05970025 Rgglstored Offlce 260 Queens Road London SE14 5JN Indopondent Examiner Shaun Muller ACA FCCA Cornfield Accountants Limlted Chartered Accounlants 5 Comfield T8rrace Eastboume East Sussex BN214NN Page 1 Somerville Youth & Pkny Provlslon Limlted Company No. 05970025 Tn￿t￿5. Report For The Y&v Ended 31 March 2025 The frustees PTBSent their report Ihe firkgnaal Statem￿ for the year ended 31 March 2025. Objectlves and Acllvltles Alms and ObJectlve5 Th8 charity carTies out a vaTiety of activitses in pursuance of its charitable alms. The trustees conslder that the activilies provide benellt to those who make use of Somerville Y￿Jth & Play Provision fsomerville.) facilitles and the wider community. These Indude: (a) To provide andlor assist in the provision of farjlities for recTration and other leisure-llme occupation for children, partlcularly (though not exctusivety) Ihose who are tesident in the New Cross and su￿Ound1ng area of the London Borough of Lewtsham, belng facllllEes: i) of whlch such chiklren have need of such frdclthies by reason of their youth or soctal and economic CIrcumsL￿ceS. and 11) which will improve the conditions'of lrfe for such children by promoting their physlcal, mental and sp5rltual well- being. (b) To frJrth8r or b8nefft the residents of areas where the Charity is a(aive. without dlstlnclton upon gender, sexual orlentatlon. race or political. religious or other opinions. by associating together the said residents and local authorities, voluntary and other organisations In a common effort to athrfan￿ educatlon, to relieve poverty and need, and to provide facilities In Ihe interests of socaal welfrdre for recreation and lei5ur8 lime occupation with the objecuve of improvtng the conditions of life for the residents. Ensurfng our work dellvers our alms We review our aims, objeclives and acfivities each year. This review looks al what we achleved and the OLttcomes of our work in the period April 2024 to March 2025. Thls review helps us to ensure that our alms, objectives and activities remain focused on our ststed purposes. We have referred to the guidance contained in the Charity Commission's general guidance on public benefft when reviewng our aims and objectives and in plannlng our fijture actlv6ttes. The Trustees conslder how planned actlvttles wtll contribute to the alms and objectives they have seL Achlav•m•nts and Perforniance Maln Achlevements AS of March 2025 we had a total of 1.870 children and young people registered wlth the organisation. 1.125 children and young people attend our servI￿S throughout the year. Our main sile is based in New Cro88 in a densety populated area. and consists of a large youth and comrnunity centre, wilh an outdoor adventure playground, as well as converted shipping containers which house a ￿rPentry workshop, a bicyde maintenance workshop and a proposed muslG sludio. The tyjtslde space has been deslgned to foster the history of the site, which was originally built in 1971. The outside space al]ows children and young people the opportunities lo engage safety in physical, challenglng and imaginafjve play. in a natural environmenL During the period 2￿25 we managed a second site. The Blue Youth and Communlty Centre (Ihe Blue.), vla ontract with Southwark CounciL Our service at this site was partly funded by LB Southwath. in addition to our own fundraising. The spa(x consists of a double fronted shop where the ground floc•f k% spfft into four sections, which is used as kltchen. office, rr workshop space and a 'thillouY zone wilh seating and computer games. The upstslrs Is a larger hall, houslng a pool table, bar football and a tab￿ tennis table and available for larg8r workshops. The appolnted ￿ntra manager was responsible fDr th8 day to day running of actlvlks and reported to the Director of Somervllle. ..CONTINUED Page 2 Somerville Youlh & Play Provision Limited Trustees. Report (continued) For Tho Yoar Endod 31 March 2025 Maln AGhievements - conllnued During the period Aprll 2024 to March 2025 provided high qualNy youth WOTk. at both sit8s for three evenings weeK during term time. We a150 provided substantial holidays activitles across the summer, Easter, Oclober and Chrfsknas holidays al bolh sltes funded by Lewsham and Southwark's Holiday Actsvity Fund (HAF). Our offar induded: edsports (Foolbai. wilh actNe girls and Iws foolball coaching. boxing) Bik8 r8PaI￿ and mainlenance Drama Visual Arts Targeted workshops (Sexual Health. VioleTf£ Reduction) Cooking Gardening Trips IT￿tr￿. Seaside. Goarting. &%inThing. kn Skating) A Resldenllai Supporters of our work Wo Y￿uld like to lake this a￿ortUnIty to thank all of our fund8t5. Staff and volunteers fur their ongoing commitment to the organisation. Flnanclal Rovlow Financial Po8illon During the year the charity had incoming resources of £173.081 and r8sourc8S 8xpended (exduding exceplional items) of £247,926. Reserves Policy The trustees have established the level of resources (that is those fUr￿S Ihat are freety avallable) that the charity ought to have. Aft8r a period of corisolidalion. this has been assessed as approximatety 20% of the annual running costs, which ha5 reduced In the 2025126 financial year. Employee loans Th8 trustees financial review identified unapwoved loans to Iwo former employees (see Nole 14. pag8 18 - °other debtors.). The truste88 have alerted and soughl advice from Ihe Charities Commisslons. The trustees have agreed a repaymenl schedule wilh one employe8 but ar8 unabl8 lo contact th8 Other employe&. In regards Ihe latter, we inten(J to make a complaint to the PDIiGe. The accounts wiu be regularly revlewed but may need to Jnslder Write￿ of part of those debts. Page 3 Somervill8 Youth & Play Provision Llmlted Trustees. Report (contlnued) For Tho Year Endod 31 March 2025 structura, Govemance and Management Employee loans Members of the Executive Committee are the trustees of Somerville. They are local resldents with a variety of skills. experience and interests that lend them8elv8S to providing a business4ike, effecllve, sustainabl8 and nurturing safe environment for children and young people. The trustees are committed to the future and the values of the Somerville to 8nsurp the OTganisation is run to a high standard. The trustees are requlred to be appolnted annually at the Annual General Meeting by the members of the Somerville. Typicalty, the Trustees meet four tlmes per annum, but more often where appropriat8. The operations of the Charity was run by the Director. Bradley Cummings who was responsible for the day to day running of the tharity. duting the period April 2024 lo March 2025, Including the admlnistration. finanoal rnanagement. staffing, service delivery, resou￿. equipment and fundraising activities. The Direclor reported to Ihe Irustees at every meefing with a detailed Directors report and financlal stalements. The trustees assess their skills annually. and COwOPt new members if needed to ensure Ihat the followlng skills, knowledge or backgrounds are represented: Provision of services for thildren and yo￿9 people Business and finan Fundralslng and charity management Safeguarding Communty and parent engagement. which reffects the ethnic makeup of our community Plans for the future In 2024. the future of Somerville and Blue wore a cause for ￿)ncern. The key issues were: 1. Tn￿tse oversighl 2 Operalional management Fund ralslng The p￿70d October 2024 to December 2025 has seen 8 slgnfficant shift in management and delivery. The board of trustees ha5 been transfomied. We hav8 recruited a diverse group of commltted local professlona15 from the art, charity, human resources and legal industries. led by a Ix)mmitted local su(wsful small buslness owner. Wtth careful pknning and a high level of individual commltrnent, the board has appointed a confident, eXperIen￿d and tenadous new CEO from the local o)mmunty, Kir5ty Collander-Brown, who is planning creative, detailed arKI ambitious plans lo revitalise the Somerville and ensure its continued survival for the benefit of lo￿1 children and young people for decades to CAxne. The trusl88s have r8vi8wed and tightened the managemenl and govemance a thomugh revlew and updating of policies, protocols and oversight of Ihe SomepAlle. This indudes regular sulKommittea meellngs In relation to finance and forecasting, human resources and safeguarding. The trustees and director hekl one of iwo slrategy revi8w days to consider the present posltlon and future plans for the Somervi118 in October 2025. A professional facilitator provlded a structured and recorded strategy revlew (pro bono). with a fUrf￿r view in 2026 to consolidate and refiect the progress of the SomeNII8. CONTINUED Page 4 SomeNi118 Youth & Play Provlslon Limlted Trustees, Report (continued) For Tho Year Ended 31 March 2025 Employ￿ loans ￿ continuad Th8 CEO and Iruslees have kKussed on fundkng. emptoyir¥J new accountants Io SCTUtinise the Somervllle's accounts, &8SiSt with daY-t(￿daY financial forecasting, managing and reducing expenditure where appropriate and supportlng funding appli¢*)ns. The accounts for 2024125 i￿￿de an adJusth%nt to 2023124 accounts to ensure that there ts an accurate record of unrestricted and reslricted funding (se8 fK)ts 12. page 17 Our plans for 2025r26 are ambitious. Somarville's futuro strategic plans VAU refleGt Ghildren and young people, and the local communws views. We will extend our youth worker staff team, develop our diverse funding strdtegy, general8 partnershlp projerts and place SomeTrille bad( on a fimi fooling. We are well advanced Nmth these plans. The Somerville is a vital resou￿ to a dlverse economic and cullural communlty. We fill an unowjpied space for vulnerdble children and young people. and have done so since 1971. The trustees and staff team ar8 dedicated. energetic and talented. and focussed on working with funders, loGd authoiilies and businesses to give the opportuntties. support. nurturing and guidan￿ that ow children and young people deserve. The Somerville leam recognis8 that children and Y￿n9 people fonn 25% of our communty, but are 100% of our future. Slalamant of Trustees. Responsibililios The Irustses (who are also the dirBclor5 of Sornerville Youth & Play Promsion Llmlted for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with appllcable law and United Kingdom Acc0w￿.ng Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the tNstees to prepare financial *atements for each financial year. Under company law the trustees must not approve the financtal statemenl unless they are salisfied that they gNe a tTU8 and fair vi8w of the stste of affairs of Ihe charitable company and of the incoming resources and appllcation of resources, Includlng the Income 8nd expenditure. of the chaTitabl8 company for that period. In preparing the financial statements the trustees are require