ST MARY'S CENTRE COMMUNITY TRUST A COMPANY LIMITED BY GUARANTEE AND NOT HAVING A SHARE CAPITAL EXEMPT UNDER SECTION 30 DIRECTORS, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR EI¥DED 31 MARCH 2021 COMPANY NUMBER: 5754092 REGISTERED OFFICE: ST MARY'S CENTRE ELSWORTHY ROAD, PRIMROSE HILL, LONDON. NW3 3DJ, **4BPQ343' 2N0812021 C<)fvIPANIES HOVSE #153 ST MARY'S cE￿rRE COMMUNTfY TRUST DIRECTORS, REPORT FOR YEAR ENDED 31 MARCH 2021 The Directors. who are also Trustees, present their [t￿rt with the financial statements for the year ended 31 March 202 I. The company was itKorpornted on 23 March 2006 under the Companies Act. Limited by Guarantee and Not Having a Share Capitsl, exempt under Sertion 30 of the Companies Act. OBJECTS OF THE COMPANY The company's Objects. &$ sct out in the memorandum of assoctation, are: a) To advance the ¢d￿atIon and welfare of the inhabitants in particular those who are at risk of social exclusion b) To relieve the effects of ￿verty, in particular among young people and children ¢) To provide some relief for the needs of the elderly d) To provide or a5SiSt in the provision of recreatlonaj activities. in parti¢ular for those who have need by rea50n of their youth, age, infimiity or disablem¢Dt. verty or social exclusion, in the interests of strengthenlng community and incrwing S￿la1 trusL in particular, though not exclusively. within the parish of St Mary the Virgiffj Plimrose Hill, and its neighbouring parishes within the North Camden Deanery (namely, St Saviour's, Eton Road. St. Mark's. Regents Park. Si Peter's, Belsize ParL- Holy Trinity, Finchley Road, Hamps*ad" and St Mary with all Souls, Kilburn) or any other ecclesiastical parish associated with or added to it. The Directors consider that these objects are in the Public Benefit. The company currently fulfils these Objects by running Youth Pmjects in North Camden Deanery. DtRECTORS AND THEIR fNTERESTS The Directors shown below have held office during the period from l April 2020 to 31 March 2021 and have served as Officers and Trustces: A Ishkanian (Chair) R Carter R Lougee Rev M Brown Rev N Walters ST I￿y's CENfRE COmMUm￿ TRUST The DiTe¢tors from time to time are the only Members of the Company and become Members on becoming a Director. Members c¢a5e to be a Member if he or sh¢ cea5¢S to be a Director. The Liability of a Member is limited to £1 if the Company is wound up during his or her Membership or within one year ihereafter. REVIEW OF THE YEAR Donations received during the year included £40.(M)O from ExPai Foundation, £32.10] from Young Londoners, Fund, £21.532 from Liberal Jewish Synagogue. £12.5110 from the Estate of Jean Aston, £10,000 from Hadley Trust. £IO.000 from Biss Davies Trust. £7,000 from St. Mary's PCC, £6,075 from Omni Fund, £6.000 from Jonathan & Sonita Gale. £5.000 from Jimmy Carr. £5,IX)O from LG Harris TrusL £5,CW from Artemis Funds, £3 J38 from Hummingbird TnLsL £3.000 from Bernard and Georgina David, £3,(Kii from Fittdale Trust, £3,000 from Friends of Regent's Parl £3.000 from Shadworth Hodgson Bequest, £2,477 from Primrose Hill Fanners. MarkeL £1,277 from Young Camden Foundation. £l.000 from Gold & Silver Wyre Drawers, £l.OtK) from Simon Jenkins and various other donations totslling £21287. ourLOOK AND GOtNG CONCERN The Trust remains active in pursuing its objectives through applications for fur¥Jing from charitable bodies and other institutions. Funds held at the year-e[￿ are expected to be transferred during the year. for th¢ir dcsignated purp)ses. The Directors have assessed that the Company is a going concern. RESERVES R￿erVeS at the year-end stood at £153,507 (2020: £90.888). All funds are ultimately spenl on furthering the objectives of the TnLSt. IUSK ASSESSMENT The process of identifying the major risks to which the Company is exposed, as identified by the Officers and Trustees, continues. The Officers and Trustees are committed to continLting this review of risks identified, and to making sure that their systems established to mitigate t1￿5¢ risks are improved, where necessary. The above Report is prepared in accordance with the S￿¢121 provisions in Part 15 (small companics, regime) of the Companies Act 2006. The Report was appToved by the Board of Directors on 2W July 2021 and Signed on behalf of the Board by." R Lougee (Di ST MARY'S CETh COMMUNITY TRUST Independent ExamiDer'$ Report to the Trustees of St MAry'$ Centre Community Trnst. I report on the accounts of the Tn￿t for the year ended 31 March 2021 which are sei out on pages 5 to 10. Re5ponsibililies and basis of report As charity trustees you are reS￿nSIble for the preparation of thc a¢¢ounts in accordance with the requirements of the Charities Act 2011 ('%he Act"). I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Ad and in caTrying out my e￿qMination I have followed all the applicable Directions given by the Charity Commission under se¢tion 154(5)(b) of the Act. Indeptndent eiaminer's statement I have completed my examination. I confinn that no material matters have comc to my attention in wnnection wilh the examination giving rne cause to believe that in any material respect: accounting record5 werc not kept in respect of the charity as required by section 130 of the Act. or 2. the accounts do not comply with those records" or 3. the accounts do not comply with the applicable requirements concerning the forn] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a'ttrue and fairf. view whlch is not a matter considered as part of an independent examination. I have no ¢otKems and have come across no other matters in connection with the examination to which attention should be drnwn in this report to enable a proper understanding of the a¢counts to be reached. Robert Ashdowffj Chartered AccountanL 75 Brookville Road, Londory SW6 7BH l L th August 2021 ST MARY'S CENTRE COMMUNITY TRUST Statement of Financial Activities NOTES 2021 (restricted) 2020 Incoming resources Donations 202.587 144,663 Charitsble Activities 13,965 5,001 Investment in¢ome 227 368 Total incoming resources 216.779 150,032 Resources expended Charitable activities 113,723 Total resources expended 154.160 113.723 Net income for the year 62,619 36,309 Reeonciliation of Funds Net funds brought forward (unrestricted) 90,888 54.579 Totydl funds urried forwxrd 153.507 90,888 The Notes lo the Accounts forni part of these financial statements ST MARY'S CE￿RE COMMum￿ TRiIST BALANCE SHEET AS AT 31 MARCH 2021 NOTES 2021 2020 CURiiENT ASSETS Bank dewsit 159.847 100,663 CURRENT LIABILI￿s Arcruals (6.340) (9,775) NET ASSETS 153 507 90.888 FUNDS General Funds Restricted Funds 153.507 The Notes to the Accounts forni part of these financial statements For ihe year ended 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 21x16 relating to Small companies. The members have not required the company to obtsin an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their respxinsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS 102 and the Statement of Recommended Practice: Accounting and Reporting by Charities [SORP (FRS102)]. The Finoncial Statements ￿re approved by the Ix)ard of directors on 27th July 2021 atKI signed on their behalf by: R Lougee (Directo ST MARY'S CENTRE COMMUNrrY TRUST NOTES TO THE ACCOUNTS I. ACCOUNTING POLICIES Accounting Convention." The accounts have been prepared on an a￿rualS b&sis under the historical ¢o$i accounting convention. The a¢¢ounts have been prepared in accordance with the Stalemenl of Recommended Practice: Accounting and Reporting by Charities in accordance with FRS 102, and with the FRS applicable in the UK (FRS 102). aThl in accordance with the Charities Act 2011. The charity constitutes a public benefit entity ls defined by FRS 102. There are no material uncertainties that would cast significant doubt on the Charity's ability to Continue as a going concern. 2. [NVESTME￿r INCOME Jnve5thient income comprises bank interest ean]ed on deposit account. 3. CHARITABLE ACTIVITIES Details of Charitsble A¢tivities are set out in the Directors. Rep)rt. 4. BANK DEPOSIT The bank dewjsit is with Santander PLC and is repayable on demand. 5. ACCRUALS Accruals comprise employee expense claims. pension contributions, temporary youth- worker costs, teleplK)neJbroadband and other systems costs which had not been settled at the year end. ST MARY'S CENTRE COMMum￿ TRUST 6. RESTRicfED FUNDS The following donations were received in the y&qr for restricted purposes. ExPat Foundation 40,000 Young Londoners, Fund 32.101 Liberal Jewish Synagogue 21.532 Estate of Jean Aston 12500 Hadley Trust 10.000 Biss Davies Tn￿t i 0.000 St. Mary's PCC Omni FLmd 6,075 JonathaT] & Sonita Gale Jirnmy Carr L G HarTiS TnLSt Artemis Funds Hummingbird Tn￿t 3,338 Bemard & Georgina David Fitzdale Trust Friends of Regent's Park Shadworth Hodgson Bequest PTimr05e Hill Famers, MaTket 2.477 Young Camden Foundation 1277 Gold & Silver Wyre Drnwers 1.000 Simon Jenkins I,o(K) others 202.587 ST MARY'S CENTRE COMMUNITY TRUST 7. TRANSACTIONS WITH RELATED PARTIES Some of the Directors of the Company are memkrs of the PCC of St Mary the Virgin. Primrose Hill, from which donation5 of £7.000 were received. The PCC makes indoor space and facilities available to the Company for admini5trntive and youth work activities. During the year. reswnsibility for handling all payroll and employment matters transferred from the PCC to the Company. PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES 2020 (ttstricted) 2019 Incoming resourtes Donations 144,663 129.156 Charitable Activities 5,001 1.235 Investment irtcome 203 Total incoming resources 150,032 130,594 Resourc£% expended Charitable activities 113.723 Total resour¢es ex￿nded 113,723 86,741 Net incorne for the year 36,309 43,853 Recon¢illation of Funds Nei fimds brought forward (unrestricted) 54,579 10.726 Total funds carried fornard 90.888 54.579 9. EMPLOYEES The company employs 3 people. Totsl remuneration in the year includtng employer National Insurance and pension contributions was £97,292. Employees are enrolled in the Nest Defined Contribution Pension Scheme.