REGISTERED COMPANY NUMBER: 06521183 (England and Wales) REGISTERED CHARITY NUMBER: 1123902 REPORT OF THE GOVERNORS, AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR ALFORD HOUSE
ALFORD HOUSE CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page Report of the Governors, I to 10 Jndependent Exaininer's Report Statement of Financial Activities 12 Balance Sheet 13to 14 Cash Flow Statement 15 Notes to the Cash Flow Statement 16 Notes to the Financial Statements 17to26 Detailed Statement of Financial Activities 27to28
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 The governoi's who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statenients of the charity for the year ended 31 March 2024. The Goveinors have adopted the pi'ovisions of Accounting and Reporting by Charities.. Statement of Recommended Pi'actice applicable to charities preparing their accounts in acco)'dance with the Financial Reporting Standard applicable in th¢ UK and Republi¢ of Ireland (FRS 102) (effective I January 2019). STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06521183 (England and Wales) Registered Charity number 1123902 Registered offiee AlfoTd House Aveliiie Street London SEI 15DQ Governors N Baker P S Bickerdike B Bond B Carter-white B Cliandayia (to 7 August 2024) T F De Vere Green C Lloyd W J Maunder Taylor N J Priestnall Ms J Sanchez M Shaw (to 12 March 2024) T Shittu Ms R Walsh Ms J R Wells P M Woodroffe Company Secretary J A Orloff Independent Exatniner Jones Hunt & Keelings Chaitei'ed Certified Accountants and Chaitei'ed Tax Advisers 71 Knowl Piece Wilbury Way Hitchin HerlfoTdshii'e SG4 OTY
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 Report of governors, incorporating a strategic repoi#, appi'oved by order of the Board of Governors, as the company directors, on ......4. ..Noy.£mb.oi.2024....... and signed on the boai'd's behalf by.. N Priestnall Chair of Governors
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 The Governors will meet thi'ee times a year in Mai'ch, June and October with an additional annual AGM. In accordance with these powei-s, the Govei-nors have approved the ileS of management set out below, to be adininistered by four Subcommittees appointed by the Goveimors annually on the last quaitei. of the year to hold office for one year from the succeeding l January. The Sllbcommittees to hold nieetings as required and Teport to every Govei'nors Meeting. Tlie Activities of Alford House sliall be catTied on under Ilie naine 'Alford House Club,. In accordance with the objects of the Trust the aims of the club are expressed as the development of young people in their mental, moral, physical and spiritual Capacities thi'ough leisure time activitie5 in a way which will assist thern to grow into mathre and responsible members of society. There shall be an Estates and Development Committee responsible for the upkeep of the Estate and to oversee the redevelopment of the premises as outlined in their Tenns of Reference. The committee to con)prise of four Govemors, the General Manager and two other club members. There shall be a Remuneration Committee responsible for the annual review of salaries and to I'eview the club policies in their Tern)s of Reference. The committee to comprise three Governors and the General Manager. There shall be a Pi-ogramme and Cun'iculum Committee responsible for reviewing the club programme and monitoring their Terms of Reference. The committee to comprise three Governors. the General Manager and two club members. There shall be Finance and General Pury)oses Committee responsible foT souiid financial control of club monies, the production of budgets and financial statements as itemised in their Terms of Reference. The committee to comprise four Governors, tlie General Mlage1. and two club Ineinbei's. Tiiey have the power to approve expendittii'e between £3,000 and £8,000 witl) expendittire below £3,000 to be at tlie disci'etion of tlie Club Managei.. Expenditure above £8,000 to be referred to the Governors for approval. Notice of meetings shall be sent to members not less than seven days before the date of the meeting. Notification of the date of any such meetings included in the minutes of the previous meeting and circulated to membeiE within the same limits shall be equivalent to such notice. Three members shall constitute a quorum. If a quorum is not present the meeting shall be adjourned for two week5 Witli further notice. If a quoiuin is not pi'esent at the adjouiT)ed Ineeting the members present shall form a quorum. The Governoi's are responsible for the finances of Alford House, for the maintenance of accounts and other financial i'ecords and for attanging the annual audit. The Finance and General Purposes Committee shall be responsible to the Governors for the propel- recording of all money i'eceived or receivable by the club and foi- its payments to the Alford House bank account at Lloyds TSB Bank, Oxford Street, WCI B SHR. The Finance and General Purposes Cominittee shall sanction all expenditure with power to delegate authority within limits as detennined to the Honorary Treasurer or to the Club Manager and subject to such ratification as the Governors may require. Full-time and part-time youth workers are employed by Ihe Govemors, who through the Honorary Treasurer al'e responsible for the payment of the i'emuneration conceimed. The appointment of both full-time and part-time youth workers shall be made by the Governors. Such workers woi'k under the direction of the Governors. The terins of service shall be communicated to youth workei's at the time of their appollltment, together with any amendment subsequent to their appointment. These i'iiles Inay be changed by i'esolution of the Govet'nors at any tiine. Two months, Iiotice of any such cliange shall be given by the Goveinoi-s through its Chaii'pei30n.
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 The Governoi's have asgessed the majoi. risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure lo the major risks. Objectives, activities and how we deliver public benefit In accordance with the objects of the Trust the aims of the club are expressed as the development of young people in their mental, moral, pliysical and spiritual capacities through leisure time activities in a way which will assist then] to gl'ow into Inature and responsible niembers of society. In plai)ning oui- activities foi. the year, we considei'ed the Chai'ity Conimission's guidance on public benefit at oui. Govei'nor meetings. The club is available for all young people aged 8 22 yeai's regardless of personal background, faith, geiidei. or pei'sonal circumstances, and we believe this philosophy of openness to all enriches everyone through tlie sharing of skills, aptitudes and life expei'iences for our young people. It provides a range of physical, mental, social, cultural and artistic activities, off-site events and infoirnal and more formal educational programmes for young people's personal and social development. These are designed to meet a cun'iculum that is: Educative - enabling young people to gain the skills, knowledge and attitudes needed to identify. advocate and pursue their rights and responsibilities as members of groups and societies. and designed to promote.. Equality of opportunity - tIough the challenging of oppressions such as racism and sexism and all those which spring froin diffei'ences of culture, race, language, sexual identity, gender, age, disability, religion and class and through the celebration of diversity and strengths which arise from those differences. Community cohesion - enabling diverse individuals and groups to work together in a dynamic way for their own social, economic and personal wellbeing. Participative - through a voluntary I'elationship with young people in which they al'e paitneiE in the learning process and decision making structUL'es which affect tlieii. own and other people's lives and their enviromnent. aiid Empowering- supporting young people to understand and act on the personal Social and political issue5 which affect thetr lives, the lives of others and the communities of which they are a part. Achievements and Performance Introduction The achievements of the club this year are spread across many aspect5 of club life, includtng the beginning of refurbishment, the recruitment of new trustees and secui'ing ongoing funding in light of increasing costs. Again, all proved challenging, but we can i'eflect on many successes in these areas. The club's perfonnance was also very strong, with the number of menibers increasing steadily over the year. We have achieved a significant amount of work in a very short period, which is a testainent to the hard work of eveiyone involved. From November 2023, refui-bishment of the club began in earnest. Great efforts were made to ensure services to young people could continue fi'om our pi'emises in Aveline Street witli minimal disruption. We did achieve this and are pleased to report that only two sessions wei-e lost over the whole pei-iod between November 2023 and the end of March 2024, due to the unexpected loss of electricity. A great deal of reconfiguration had to take place to make this possible and we are grateful to both Morgan Lovell, for providing over 20 volunteers to move furiiiture and equipment all around the Club, and to Pallas LLP, for providing volunteers to wash down and clean what was to become a tempoi'aiy new home for our fitness studio. Although we ensured we could remain operational during the refiirbishment, Ihei'e was still a significant impact on our daily activities, particularly to the spaces we could operate in and support young people. More than half of the club was off limits to young people for health and safety reasons. We are therefoi'e, fairly pleased wilh the following statistics..
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 Statistics Membership was slightly down on the previous year. We registei'ed a respectable 320 young people over the coui'se of the yeai., still well above our target of 200. Core membership (those that Iiave attended ten times oi. Inore over the year) remained similar to the year before but I'emains slightly below the l OO+ we would like to see. We aiin to see this increase once refurbisknnent is coTnplete. Female membership continued to increase, rising from 38 % to 42 % of total membership. Most pleasing is that this was reflected in female attendaiice, with attendance up 5 %, fi'om 39 % to 440/0. Monitoring demographics of those engaged with: 460/0 were Black 210/0 White 37% Mixed I 00/0 Other 20/0 Asian I l D/0 did not provide infomiation Age groups were represented as.. 8 to l O years 60/0 I I to 15 years 57/0 16 to 19 years 32/0 20 tom25 years 50/0 Our own analysis. utilising the Indices of Multiple Deprivation (IMD), reveals that 580/0 of the young people we work with live in the 300/0 most deprived neighbourhoods in London. Only 7/0 reside in neighbourhoods above the 50010 ITlOSt deprived. Activity Health and fitness activity features sts'ongly on the weekly progranime. We have been pi'oviding at least 14 hours per week spi'ead over four sessions for ovei. eleven years and it has engaged hundreds of young people. Two sessions take pace in the afternoonlearly evening and these prove popular with young people after school. Over the course of the year, we delivei'ed over 700 hours of health and fitness trainlng during the afternoon. In addition, we are finding that these sessions widen the reach of the Club beyoiid the local area. While young people, (perhaps on advice fi-om their parents), may not be willing to tt?vel a mile or more in the evening to attend the youth club, they are happy to attend after school and then travel horne. After only a shoit pei'iod of time, Tneinbers are confident enough to access the facility and work on theii. personal programmes with minimal intervention from the fitness instructors. Through this activity young people.. Improve cardiovascular health Maintain a healthy weight Improve bone health Improve mental health They also engage in nutritional workshops with the fitness instructors. Twice a week after school, Music Pi'oduction and Healih and Fitness run concuiTently. Our Music Studio is based around a digital audio workstation (Logic Pro) which is an industly standard multi-track recording, production and mastering setup. The studio is open to young people as solo artists or sinall groups of up to 5.
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 During these sessions we work on backing tracks using digital instruments e.g., druin progi'ainining and string sections. We then layer over these with live instt-uments, including percussion, piano and vocals which al'e recorded in our vocal booth. Some users have shown a keen interest in recording other artists under guidance with regards to mic technique, sound engineei'ing te¢liniqiies, track balanciiig, mixing and equalisation and the application of the many effects that are available. We have had the pleasui'e of pi'oducing a diverse group of genres, from rap to soul to classical, with some young artists for whom English 15 not theii- first language. Tlie sei'vice usei's are encouraged to collaboi-ate on eacli otliei s projects and give feedback. Recently there have been some young attendees who have been interested in simply learning to play the piano or 6 stringl bass guitar and percussion. Throughout all the above, tliere are other i'epertoires which are developed and expanded on. conversation and debate at peer level, self-confidence, being receptive to criticism. vocabulary and self-expi'ession. A feature of having both fitness and music activities running concun'ently, is the number of young people who use this opportunity to talk to youth woi-keR'S about their lives. This may involve opening up about difficulties they are facing, school life, anxiety about exains or just the changes in their lives as they move to adulihood and how to face the challenge this presents. It could also extend to support with a CV or college application. This is a particular area of our work we want to expand upon by providing more suitable facilities for this kind of interaction in phase two of the redevelopment. Our Monday evening workshops continued to offer health and fitness training, music production and until the end of 2023, table tennis. We have found that the structui'e of the workshop night helps young people to pursue an activity witli more purpose and less distt'action thali they would othenvise find on multi activity youth club evenings. This has its own beiiefils in that it enables young people to develop their skills quicker and to a higher level. Roller skating remained on the programme for Tuesday evenings. Attendance varied during this year bul it is mostly a very popular evening. Oui. gil-l's nigtit expei'ienced fluctuating attendance ovei. the yeai.. It is very much a self-detennined evening whereby members and staff eo-produce the coming ternis activity. This can range from a treasure hunt for ihe younger members, (but the older ones do join in), to film nights and health and fitness sessions. A number of activities are available on Friday evenings. It has always been our busiest session of the week and there is a strong social element to the evening. It is the end of the week and young people are usually keen to socialise with a less formal approach. During the course of the year, there was increased effort into providing support for young people transitioning from primary to secondary school, primarily focused on oui. younger cohort of cliib meinbers. Tliese sessions spR'ang fi-om the staff team's observation that many children wei'e facing challenges adjusting to secondaiy school life, particularly in the aftermath of the pandemic lockdowns. Drawing on resources from Young Minds, our transition support sessions delved into areas such as establishing a support network, recognising personal strengths, building resilience, and addressing the various worries and excitements associated with the move to secondary school. Emphasis was placed on equipping the students with effective strategies to cope with theiR' conceins. Sixteen Year 6 pupils look pait in these sessions. Post sessions, all said they have settled well into school. Impoitantly, they know that there is a member of staff dedicated to thein should they need further support. We have been liinited iii the amount of offsite actlvlty we do at pi'esent due to the lack of a minibus, but skiing with Snow Camp became a highlight of tlie year. Twelve young people began their skiing journey in the summei. of 2023 by eiijoying two days indoor skiing and snowboarding at the Snow Centt-e in Hemel Hampstead. Of the twelve, seven young people continued to improve their skills and knowledge by moving on to take pait in five full day Sunday sessioiis of skiing and snowboai-diiig dui-ing the autumn. Five then took part in Snow Camps Excel prograinme fi'om January to April 2024, culminating with a weelc's skiing and snowboarding iii Andori-a. After sliadowing an knstructoi. for a week, they returned to complete tests that led to all five I'eceiving their Britisli Association of Ski Insti'uctors Foundation certificates. The young people have entliused about the experience aiid of coui'se the Andoira kn'ip in particulai.. They have memories for a lifetime that we al'e sui'e tliey will cherisli.
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 Alford House concentrates most of its activity during the academic year, but as seen above there is an increasing need to provide activity options to teenagers during the summer. To this end, the club pi'ovided activities in both the Music and Health and Fitness studios for four afternoons a week for five weeks. Attendance to these sessions got off to a great start but dissipated towards the end of the summer. A highlight of iEcent summeis has been providing a work placement with stockbrokei's TP ICAP. This is facilitated by a trustee and a member of staff for a yoiing person who has faced significant challenges and expressed interest in a future in finance. Since January 2022, Alford House has delivered targeted sllppoit for young people at the Club and in schoo15 via our Biiilding Yoiing Aspiralions project. The support is designed to help young people who are facing particular challenges to grow their inner resoui'ces, equipping them to function well and navigate the world around them. The work uico4)orates se55ions designed to explore several themes, including mental health, Consent, critical thinking and Inasculinity. The sessions are delivered in groups and also at individual level. In 2023, 170 youiig people were supported as part of Biiilding Yoiing Aspii'ations, a marked increase on the previous year wheii 95 young people were supported. The number of young people supported at school fell slightly. Numbers recorded as accessing support at the club rose sharply.. this largely reflects moiE rigorous recording of encounters that are often, by their nature, more ad hoc. In common with the schools-based cohort, youiig people supported at the club were struggling with a wide-range of issues, often in combination, including aiixiety, aiiger managen]ent, problematic family andlor peer relationships, domestic violence and uncertainty about tliell. future dti'ectioii. One yoiing pei'soii, tlie subject of a case study, is described as being 'stuck in a loop of deStictIo1] in and out of scliool,, wliile anothei. disclosed excessive drugs use. We use several tools to gather evidence about the benefits of this area of work. This includes a Youth Engagement Sui-vey (co-produced by young people at Alford House), Stoi'ies of Change, Case Studies, and a Self-Evaluation tool for youiig people to complete. Interviews with young people and staff at the schools we work with wei'e carried out by an external evaluator Tlie feedback poiiits to the pi'oject's significant success, ci'eating an envii'onment where young people- feel welcome and included feel safe while taking part in activities feel they can express themselves and their ability have opportunities to lea] about themselves and their community feel a sense of purpose and achievement Focussing 011 oui- exteR'nal evaluatoi-s, Rnteiviews with scl?ool staff, it was noted tliat Alfoi'd House wasn't alone in offering targeted suppoit for young people facing challenges. As one staff member put it: 'Alany oihei. oigai?isalions conie ii?. One does iiiore oi. less the sanie ihing. ' This was seen as having benefits in i'eaucing relian¢e on any one organisation or individual. Alford House suppoit was, however, seen as having a number of stand-out featui'es. Staff valued Alford House's i'ole in the community, iiotiiig that 'many sludenls say they allendAlfoi'dHoiisefoi' 017e i'eas017 oi. anoi17ei' (home>voi'k cliib, i'ollei. disco elc) ' and that they encoui?ged this. This was seen as especially important with the loss of other local youth facilities and in ensuring continuity of support. 'Alfoi'd Hoiise is a coiiiiJiiii?itypillai', especially dui'ing ilje siiipiiiiei-170lidays. li ijieans sopneoi?e else is cliecki17g on sliidei?Is whon LB TS isn'l. The combination of1.'2.'1 andlor group support was seen as beneftcial. As one Colleague staled, 'il's nol a case of 017e sizefils all. Finally, staff valued the consistency of Alfoi-d Hoiise's suppoi't, both in terms of the teain's reliability and their consistent appi-oach ivith students. This chimed Nvith the school's einpliasis on consistency> foi. exainple in the appi-oach taken to ui)ifoiin, liow students entered the classroom etc. ' Behavioiii. iiiiproves w17en yoiip7gpeople know ihe expecfalioiis. Soine haven'l gol consislency ai hoiiie., It was also seen as key to biiilding trust. 'Ifihere's no consislency.. yotingpeople becoine veiy disli'iisifiil ofadiilis. Siiidenls al'e disappoinled. Yoiip7gpeople need i'eliabilityfi'oiii soine017e in theii. lives nol connecled io scljool, as ihey don'ifeel they shal'e OF. open tip lo someone in school.
ALFORD HOUSE REI PORT OF THE GOVERNORS? FOR THE YEAR ENDED 31 MARCH 2024 Interviewees also pointed to team meiiibeis, coniplementaiy appi-oaclies, tlieir flexibility. uiiderstandii)g of and coniniitment to the school. Speaking of one of Alford House's staff, a teaclier noted t]iat ' He h(7s workedwith zisfoi. a1017g tiilie. He knoivs hoiv Ive opei'a¢e.' As a local boy 'he knovvs ilie ai'ea, and was a 'foiinfain of infoi'iiialion... I've 17eai'd hiipi s(ry lo ayoiip7gpep.so 'whal aboiii 117is?' Another obsei'ved that he was 'ihÈi'apgiitic... he inukes youfeel good. J')ie nevei. heai'd l?iiK I'aise his voice. Another staff member of Alfoi'd House wa5 described as having a different appToach which was also effective. 'She knows all ihe slaff... They ivoi'k veiy well iogethep.. The team's understanding of tlie school counted foi- a lot. 'When ive're havFng u cltallengiiig day, rhej? ki?oiip }iJhei'e lo go lo and M?hul lo do. Tl7ey gei 117e kids ai?d ki7oiv Ivhal school life is aboiil... Thry hfflpe e711bedded117e7nsehJes ii? se17001. They know 07ip- valiies. Thry know the tiiiieloble. They i'ealise ihaf i'elationships 141irhyotingpeople. slaff andpai'ep7fs iKatler. They also dcl as udvocolesfoi, sliidenls. Two staff interviewees mentioned feeling supported tliemselves, in addition to the suppoi't tliey see for tlieii. students. ' He always checks in ond asks how we are., Botl) volunteei's wei'e seen as 'coiiiingfroiii aplace Ihat i'eallj? cai'es, and 'invésted i lis as a school, evidenced by one going to the Yea). I I Proin and anothei. going to the OFSTED Celebration party. Both wei'e seen as colleagues aiid 'p701 like &ilei'nol Nlaff., All the staff members inteTviewed commented that needs were going up, while support was less readily available and not affordable by schools. If support of the kind Alford House provides was not on offer 'kids Trvill end lip p-eajly sti'iiggling a lol in school. Partiierships We continue to be part of the North Lambeth consortium of youth providers. Alford House was iiistrumental in expanding the consortium from five to seven organisations for the next round of commissioning from Lambeth Council from April 2023. The consortium comprises of Active Communities Network (lead), Triangle Adventure Playground, Oasis Youth Hub, Young People Matter, Fight 4 Change, Oasis Adventure Play and Alford House. We believe an expanded consortium will be better placed to secure additional finaiicial resources in the future. In otliei- paLtnetships, we t-emaiii pait of Bi'ook's condoin disti'ibutioii scheme and we also continue to pi'ovide accomiiiodation to Lambetli's Justice Sei-vice to ineet young people feai'ful of ts'avelling aci'oss tlie borough to their offices. Alford House rnove5 forward Into tlie coming year with excitement aboul the new consortium, the relationships built with schools and the plans for fuither refurbishment. It will need to ensure its resources are carefully managed and staff and volunteers well-suppoited to continue the work and build on the success achieved this year. Financial Review This yeai- the unt-ests-icted fund liad a surplus of £46,980 (2023.. surplus of £566,032) wliicli led to an inciEase iii reset'ves genei-ated fi-oin uni-esti'icted activities to £2,039,968 (2023: £1,978,994) excliiding the value of the Cliib's fi'eehold p2eini5e5. The unrestricted fund surplus was achieved, despite lower theatt'ical rehearsal income due to building works, being offset by intei'est receivable on deposit befoi'e conti'actoi s invoices began to ari'ive. The biidget for the year, excliiding i'edevelopment costs, was for a balanced budget. The reason foi. the overall deficit in the year was due to the significant refurbishment works cari-ied out to the property Reserves Policy The Governors believe the Cliib reqiiires a reserve becaiise, in order to ineet its objectives, it is entii'ely dependent for income upon doiiatioiis, gi'ants, fund raising and rents and lettings from yeai. to year, all of which are uncertain. A5 a genei'al principle, the GoveiThors consider the amount of reserves should be equivalent to not less than 3 months of outgoings, based upon the avei'age outgoings of the past two financial years. Whei'e i'esei-ves fall below this level, or where they exceed 6 months of average outgoings, the Govei'nors will evaluate income and expenditui'es (botli capital and operational) witl) a view to ensiii'ing the fmancial resoiirces of the Club are effectively deployed to ineet tlie Club's objectives.
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 Having noted tlie extremely uncei'lain econoniic environment, wliich is affectiiig Inally of tlie Club's iiicome sources and its expenditure, the Governors believe an additional level of reserves beyond noiinal levels is appropi'iate. Under these ciicumstances tlie Goveinoi's are satisfied tliat tlie Club's CUlTent level of i'eserves is appropriate in the context of tlie Club's policy, and tl)e Club's ai)ticipated fijtui'e income and expenditure. As staled above tlie excess I'esei've is a one off and is to be applied in full to the i'efui'bishment of the premises in the coming 24 months. Investment Policy The Goveimoi's al'e satisfied that the majority of funds that are surplus to iininediate requirements are utilised to earn interest with CCLA Investment Management Ltd at their current interest rates. Sufficient monies are left with Lloyds Bank plc so that no day to day transaction charges are levied. There are no other investnients owned by or benefiting the Charity. Most of Ilie cliai'ity's funds aye to be spent in the slioi't tenn so tbei'e are few funds foi. loiig temi investment. T]ie Governors are empowered under the Articles of Association to expend the fiinds of the Cliarity in such manner as they shall consider most beneficial for the achievement of the objects, and to invest in the naine of the Charity such part of the funds as they rnay see fit, and to direct the sale or transposition of any such investments. Fundraising Standards Information A fundraising strategy has been prepared and approved by the GoveiMors which identifie5 our income streams and the approach taken fo). each activity. This stt'ategy takes ijito accoiint best practice and current standards. With the introduction of GDPR from 25 May 2018 we have reviewed and, where appropriate, i'evised our policies and procedures including data captui'e, coiiiplaiiits procedure, transfeii'ing of data and the impleinenlalion of tlie data subjects, preferences. All fundi'aising is done in house and not outsourced to any pi'ofessional fundraisers or Commercial participators. The Charity has not received any complatnts regarding its fundraising efforts in the year ended 31 March 2021 or to the date of this report. In all our policies and practices, we have not actively sought additional data that is not already in the public domain. We only record data that people opt to provide to us. Our communication programme focuses on less intt'usive types of coinmunication, for example email. Our direct mail campaigns are minimal and targeted. All fundraising requests are passive as we do not run face to face or telephone campaigns. Plans for the Future We could be entering some unceitainty during the yeai. due lo ongoing building works, leaving us needing to adopt a flexible approacli to budgets and opei-ations. The Govei-nors Iiave È'eviewed the Club's financial budget for the coming Ye.. Tlie budget foi-ecast, excluding fui11ier redevelopment costs, a deficit of £5,550. Unceitaiiity about gi'ants and tlieatrical lettiiig income remain a concein, but as always, we will endeavoui. to balance the budget as the year progi'esses. Ensuring a good level of letting income is preserved in the face of refurbishment will be critical. This will be a challenging iask. The trustees are piloting a new governing structure this coming year. There will now be four sub-committees to the board, replacing the current three. They will be, Finance and Ope17tions (who will take over responsibility from the Estates committee for the redevelopment), Youth Engagement, Regulatory and Compliance and External Relations. The Finance and Opei'ations committee will lead the work on a revised strategy that has been approved by the trustees to refurbish the existing Club building and secure a sustainable future in¢onie. As a i'esull of ihe concern about the budget over the coming year, the Finance and Operations committee have decided not to expend large amounts of reseiwes to pi'ogi-ess the redevelopment of the club and will only authorise expenditure based on the amount of funds raised for this specific pllipose. We are pleased lo say that funds have already been raised to enable us to continue, beyond the near completed Phase I, at a steady pace for this purpose. A full specification for Phase 2 works is complete and a timeline for further funding applications and a start date for Phase 2 is in place. Risk Management The Govei'nors I'ecognise theii. responsibilities with regai-ds to risk management and to this end have endeavored to ensure that the Club has adequate procedures and strategies that can monitoi-, eliminate or Initigate the risks faced. The Governors have assessed the significance and likelihood of the i-isks to which the Club might be exposed, in particular those related to the operation and financial management of the Club, and they are satisfied that the Club has appi'opriate systems of control which mitigate exposure to the key risks that it faces.
ALFORD HOUSE REPORT OF THE GOVERNORS, FOR THE YEAR ENDED 31 MARCH 2024 Responsibilities of the Governor5 Board The Governors, wlio al'e also Dii'ectois of Alfoi'd House {tlie "Cliai'itable Company") uiider company law, al'e responsible foi. prepai'ing tlie Governois, Repoit and tlie fiiiancial statemei)ts in accordance with applicable law and United Kingdom Financial Reporting Standards. Company law requires the Governors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charitable Company and of the tncoming resources and application of resources includtng the income and expenditui'e of the Charitable Company for that pei-iod. In preparing these financial stateinents tlie Gov¢i'nors are i'equired: to select suitable accounting policies and then apply them consistently. to observe the methods and principles in the Chai-ities Stateinent Of Recommended Practice. to make judgments and estimates that are reasonable and pivdent. to state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fInancial stateinents,. and to prepare the financial statements on a going concern basis unless it is inappropriate to pi'esume that the Charity will continue in operation. The Governors are responsible foi. keeping proper accounting records that disclose with reasonable accuracy at any tiine the financial position of the Charitable Compaiiy a]id enable them to ensure that the fmancial statements comply with the Companies Act 2006. They are also responsible foi. safeguai'ding ihe assets of the Charitable Company and hence for taking reasonable Steps for the pi'evention and detection of fi?ud and other irregularities. The Govemors are responsible for the maintenance and integrity of the corporate and f]nancial infomiation included on the Chai'itable Coinpany's website. Legislatioii iii the United Kingdom govei'ning the prepai'ation and dissemination of finaiicial statements may differ from legislation in other jurisdictions. Statement as to the disclosure of information to Auditors So far as the Governors are awai'e, thei'e is iio relevant infoi'ination of wliicli tlie charitable company's auditors are unaware and each Governors has taken all the steps that they ought to have taken as a Govemors in order to make them awai'e of any relevant audit information and to establish that tlie chai'itable company's auditois are aware of that information. Approval These financial statements have been prepared in accordance with the Companies Act 2006 and the Charities SORP (FRS102). This repoit was approved by the Board of Governors on 4 Novejiiber 2024. Type ti Chair of Governors 10
INDEPENDENT EXAMINER'S REPORT TO THE GOVERNORS OF ALFORD HOUSE Iiidependent examiner's report to the Governors of Alford House ('the Company,) I report to the charity Goveimoi's on my examination of the accounts of the Company for the year ended 31 March 2024. Responsibilities and basis of report As the charity's Goven)ors of the Company (and a150 Its dii'ectors foi. the putyoses of company law) you are responsible for the prepaiation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I i'epoit in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 201 l Act,). In carrying out my examination I have followed the Di]'ections given by the Charity Cominission under Section 145(5) (b) of the 2011 Act. lildepeiident examiner's statement Since yoiii- cliai'ity's gross iiicome exceeded £250,000 your examiner musl be a inember of a listed body. I can confTI that I am qualified to undertake the examination because l am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies. I have completed my examination. I confinn that no matters have come to my attention in connection with the examination giving me cause to believe.. accounting records were not kept in i'espect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those records. or the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any Tequirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. or the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by cliarities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)}. 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 order to enable a proper understanding of the accounts to be reached. Domenico Maurello FCCA Jones Hunt & Keelings Chartei-ed Certified Accountants and Chartei-ed Tax Adviser5 71 Knowl Piece Wilbury Way Hitchin Heirfoi-dshire SG4 OTY Date.. pl, I24-
ALFORD HOUSE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 Total funds 2023 Total fuiids Unrestricted fund Restricted funds Notes INCOME AND ENDOWMII NTS FROM Donations and legacies 13,881 321,674 335,555 254.780 Other trading activities Investment income 2,047 184,493 2,047 184,493 425 121,316 Total 200,421 321,674 522,095 376,521 EXPENDITURE ON Raising funds 660 060 Charitable activities Charitable activities 152 781 1 152 105 1304,886 263.116) Total 153,441 1,152,105 1,305,546 263,116) NET INCOME/{EXPENDJTURE) 46,980 (830,431) (783,451) 639,637 RECONCILIATION OF FUNDS Total fi]nds brought fonvard 2,928,020 174,001 3,102,021 2,462,384 TOTAL FUNDS CARRIED FORWARD 2,975,000 656,430) 2,318,570 3,102,021 12
ALFORD HOUSE BALANCE SHEET 31 MARCH 2024 2024 Total funds 2023 Total funds Unrestricted Designated fund funds Restricted funds Notes FIXED ASSETS Tangible assets 12 910,547 910,547 925,063 CURRENT ASSETS Debtors 13 19,833 7,500 27,333 14,838 Cash at bank and in hand 2 316 597 663 931 1677 152 2 500 377 2,336,430 24,486 (656,431) 1,704,485 2.515,215 CREDITORS Amounts falling due within one year 14 {296,462) {296,462) (338,257) NET CURRENT ASSETS/(LIABILITIES) 2 039 968 656 431 1408 023 2 176 958 TOTAL ASSETS LESS CURRENT LIABILITIES 2 950 515 656 431 2 318 570 3 102 021 NET ASSETS FUNDS 15 Unrestricted funds 2,950,515 2,904,056 Designated funds Meiiibei's'fiinds 12,034 11,512 RedevelopiKep7f reserve 12,452 12,452 Restricted ndS (656,431) 174.001 TOTAL FUNDS The cliaritable compaJ)y is entitled to exemption from audit under Section 477 of the Coinpanies Act 2006 foi. the year ended 31 March 2024. The Ineinbers have not i'eqiiii'ed the company to obtain an audit of ils financial stateinents for the year ended 31 Mai-ch 2024 in accordance witli Section 476 of the Companies Act 2006. 13
The Govemors acknowledge their responsibilities foi- (a) ensuring that the chai'itable company keep5 accounting records that coniply with Secti07Js 386 and 387 of the Coinpanies Act 2006 and pi-epai'ing financial statements which give a true and fair view of tlie state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accoi'dance with the i'equii'ements of Sections 394 and 395 and which otherwise comply with the i-equireinents of the Companies Act 2006 relating to financial statements, so fai- as applicable to the charitable company. (b) The financial statements were approved by the Board of Governors and authorised foi. issue on and were signed on its behalf by.. 4 November 2024 N Priestnall Chair of Governors 14
ALFORD HOUSE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notes Cash floivs from operating activities Cash generated fi'om operations 925,832) 1,468,123 Net cash (used in)/provided by operating activities 925,832) 1,468,123 Cash flows from investing activities Sale of tangible fixed assets Interest received 556,180 6.823 102 607 Net cash provided by investing activities 102,607 563,003 Change in cash and cash equivalents in the reporting period Cash and eash equivalents at the beginning of the reporting pei'iod (823,225} 2,031,126 2,500,377 469,251 Cash and cash equivalents at the end of the reporting period 1677 152 2 500 377 15
ALFORD HOUSE NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 RECONCILIATION OF NET (EXPENDITURE}/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 2023 Net (expenditure)lincome for the reporting period (as per the Statement of Financial Activities) Adjustments for: Depreciation charges Loss on disposal of fixed assets Interest received (Increase)/decrease in debtors (Decrease)/increase in cirditors (783,451) 639,637 14,516 14,516 492,912 (6,823) 6,644 321,237 (102,607) (12,495) 41,795) Net cash (used in)Iprovided by operations 925 832) 1468 123 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31.3.24 Net cash Cash at bank and in hand 2,500,377 (823,225 1,677,152 2 500,377 823 225 ,677,152 Total 2,500,377 823,225 1,677,152 16
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES General information aiid basis of preparation The charity is a company limited by guarantee incoiyorated in England and Wales. The members of the chai'ilable company are the Goveinors named on the legal and administration infonnation page. The charity constitutes a public beneFIt as defined by FRS 102. The ftnancial statenients have been prepared in accordance witli Accounting and Reporlino by Cliai'ities": Statenient of Reconiniended Practice applicable to charities preparing their accounts in accoi'dance with the Financial Reporting Standard applicable to the UK and Republic of Ireland (FRS102), the Companies Act 2006 and UK Genei?Ily Accepted Practice. A summary of the significant accounting policies applied in the preparation of these accounts are set out below. Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Governors in furtherance of the general objectives of the charitable company and which have not been designated for othei. purposes. Designated funds comprise unrestricted funds that have been set aside by the Governors for particular puiposes. The aim and of use of the designated fund is set out in the notes to the financial statements. Restricted funds are funds wliich are to be used in accoi'dance with specific restrictions imposed by donors or which have been raised by the charitable company for particular purpose. Incoming re50urees All incoming Tesources are included in the Statement of Financial Activities (SOFA) when the charity is legally entitled to the income after any pei'fonnance conditions have been met, the amount can be measured i'eliably and it is probable that the income will be received. No amount is included in the financial statements for volunteer time in line with SORP (FRS102). Further detail is given in Élie Goveinoi's, Report. Grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the gi'ants will be received. A detailed analysis of restricted fund grant5 are set out in the notes. Resource5 expended All expenditure is accounted for on an acci'uals basis and has been classifIed under headings that aggi'egate all costs related to the category. Whei'e costs cannot be directly attributed to paiticular headings they have been allocated to activities on a basis Consistent with use of the resources. Support costs are those that assist the work of the charity but do not dii'ectly represent charitable activities and include office costs, governance costs, and administrative payroll costs. They are incuii'ed dii'ectly in suppoit of expendkture on the objects of the charity and have been allocated to cost of raising funds and expenditUTe on charitable activities. Expenditure is recogntsed where there is a legal or constructive obligation to make payments to thii'd parties, it is probable that the settleinent will be I'equii'ed and the amount of the obligation can be measured I'eliably. Taiigible fixed assets and depreciation The Club premises at A veline Street, Icenninglon, Loiidon SE I15DQ were vested in the custodian Governors. This pi'operty was transfe11.ed to Alford House in 2009. The pi'operty was acquii'ed by gift in 1950 and restored by War Damage Claims and grants from the Ministy of Educatioii and other parties. The value for insurance purposes at the date of the Iransfei. was £2,177,378 and tliis has been taken as the transfei. valiie. Depreciation is provided on all tangible fixed assets at l'ates calculated to write off the costs less estimated residual value of each asset on the following basis.. Land Buildings No depreciation 50 years Straight line 17
Pension costs The Charity operates a defined conti'ibution pension scheme for the benefit of its employees. The costs of contributioiis are wi'itten off against profits in the year they are payable. Going Concern The financial statements have been prepared on a going concern basis as the Governors believe that no material uncertainties exist. The Governors have considei-ed the level of funds held and the expected level of income and expenditure foi. 12 nionths from authorising these fmancial statements. The budgeted income and expenditur¢ is sufficient with the level of I'esei'ves for the charity to be abl¢ to continue as a going concern. Tax The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph I Schedule 6 Ftnance Act 2010 and therefoi'e it meets the defiiiitioii of a charitable company foi. UK corporation tax puiyoses. DONATIONS AND LEGACIES 2024 2023 Donations Gift aid Gi'ants Coinmissioned work 92,S35 1,217 211,303 30,500 86,832 706 126.842 40.400 335,555 254,780 Grants received, included in the above, are as follows.. 2024 2023 Jack Pet¢hey Awards Jack Petchey Foundation London Youth National Lottery Community Fund Woodroffe Benton Foundation Walcot Foundation Lambeth S106 Roger Raymond Charitable Trust Other unrestricted grants Gaifield Weston Foundation 900 900 (272) 1,000 31,384 30,000 17,553 20,777 22,500 3.000 600 31,90J 30,000 17,902 30,000 loo 000 211,303 126 842 OTHER TRADING ACTIVITIES 2024 2023 Fundraising events 425 INVESTMENT INCOME 2024 2023 Rents received Intei'est I'eceivable - trading 81,886 102,607 114,493 184 493 121,316 18
ALFORD HOUSE NOTII S TO THE FINANCIAL STATEMENTS - eontinued FOR THE Yll AR ENDED 31 IVIARCH 2024 RAISING FUNDS Other trading activities 2024 2023 Bad debts 660 CHARITABLE ACTIVITIES COSTS Support costs (see note 7) Direct Costs Totals Charitable activities 1,277,984 26,902 1,304,886 SUPPORT COSTS Governance Costs Finance Totals Charitable activities 14,516 12,386 26,902 NET INCOMEI(EXPENDITURE) Net incomel(expendithre) 15 Stated after Chargin(crediting). 2024 2023 Depreciation - owned assets Suryilus on disposal of fixed assets 14,516 14,516 556 180) COVERNORS, RE1UNRATI0N AND BENEFITS Thei'e were no govemors, i'emuneration or oiher benefits for the yeai. ended 31 Mai'ch 2024 nor for the year ended 31 March 2023. Governors expenses There were no governors, expenses paid for the yeai- ended 31 Mai'ch 2024 noT for the year ended 31 March 2023. 19
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 io. STAFF COSTS 2024 2023 Wages and salaries 164 088 152 675 164,088 152,675 The average monthly number of employees dui'ing the yeai. was as follows- 2024 io 2023 Youth Workers Administration Caretaker and Cleaners 13 12 No employees received emoluments in excess of £60,000. ii. COIVIPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted fund Restricted funds Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 7,241 247,539 254,780 Other trading activities Investment incoine 425 121,316 425 121316 Total 128,982 247 539 376,521 EXPEtYDITURE ON Charitable aetivities Charitable activities 437 167) 174,051 263 116) NET INCOME 566,149 73,488 639,637 RECONCILIATION OF FUNDS Total funds brought forward 2,361.871 100,513 2,462,384 TOTAL FUNDS CARRIED FORWARD 2 928 020 174,001 3 102 021 20
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 12. TANGIBLE FIXED ASSETS Freehold property COST At l April 2023 and 31 Marcl) 2024 1,128,286 DEPRECIATION At l Api'il 2023 Charge for year 203,223 14,516 At 31 March 2024 217,739 NET BOOK VALUE At 31 March 2024 910,547 At 31 March 2023 925,063 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade debtors Prepayments and accrued income 10,726 27,333 14,838 14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Social security and other taxes VAT Other creditors Accrued expenses 4,546 73,549 13,316 205,051 4,419 320,726 416 296 462 338 257 21
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS Net Inovenient in funds Al 31.3.24 At 1.4.23 Unrestricted funds Unrestricted 2,928,020 46,981 2,975,001 Restricted funds Redevelopinent Fund Jack Petchey Awards Woodroffe Benton Foundation National Lottery Community Fund Walcot Foundation Roger Raymond Charitable Trust 116,127 920 22,500 7,902 15,302 11,250 (839,917) (21) 7,500 147 1,859 (723,790) 899 30,000 8,049 17,161 11,2SO 174 001 830 432 656,431 TOT AL FUNDS 3,102,021 783,451) 2,318,570 Ttie Jack Petchey Awards are awards to yoiing people of £300 tliat tlie young person decides liow to spend on tlie youth club. They are mainly spent on equipment of activities. Jack Petchey Foundation is a gi'ant towards providing dance woi'kshops onc¢ a week in partnership with the Boury Academy from January 2022 to December 2022. The National Lottery Community Fund was used to pay salaries and session workers primarily involved in pi'eventing yoiing peoples, exclusion ft'oin scliool aiid wlio al'e at i'isk of beconiing involved in youtli violence. The grant is also used to pay some of the associated evaluation cosls. Lambeth Council was used to pay salaries and some core costs associated with the running of the Club. London Youth provided funding to set up a Table Tennis Club once a week for six months. The Woodroffe Benton Foundation is used to pay salaries. particularly of those providing additional support to young people to prevent their exclusion from school and who al'e at risk of becoming involved in youth violence. The Walcot Foundalion grant is used to pay salaries of staff working closely with tlie targeted youth support staff, providing health and fitness activity and music activity. The Roger Raymond Charitable Ti'ust wa5 used to pay youth workers and their associated costs. The Lambeth S106 was used to purchase sports equipment. The i-edevelopment fund is for the redevelopment of the Alford House site. 22
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- contiiiued Net movement in funds, included in the above are as follows.. Incoming resources Resources expended Movement in funds Unrestrieted funds Uni'estricted 200,421 (153,440) 46,981 Restricted funds Redevelopment Fund Jack Pet¢hey Awards Woodroffe Beiiton Foundation London Youth National Lottery Comniunity Fund Walcot Foundation Lambeth Council Roger Raymond Charitable Trust The Michael Bishop Foundation Active Communities Network Garfield Weston Foundation 4,870 900 30,000 600 31,902 17,902 23,000 30,000 75,000 7,500 ioo 000 (844,787) {921) (22,500) {600) (31,755) (16,043) (23,000) (30,000) (75,000) (7,500) loo,000) (839,917) (21) 7,500 147 1,859 321,674 1 152,106 830,432) TOTAL FUNDS 522,095 1,305,546) 783,451) Comparatives for movement in funds Net mov¢ment in funds At 31.3.23 At 1.4.22 Unrestricted funds Unrestricted Other unrestricted grants 2.361,871 563,149 3,000 2,925,020 3,000 Restricted funds Restricted Fuiid Redevelopment Fund Jack Petchey Awards Jack Petchey Fouiidation Woodi'offe Benton Foundation National Lottery Community Fund Walcot Foundation Roger Rayinoiid Charitable Trust 83,297 (25,130) (256) (4,000) 6,875 (588) 2,040 11,250 83,297 32,830 920 57,960 1,176 4,000 15,625 8,490 13,262 22,500 7,902 15,302 11,250 100 513 73,488 174,001 TOTAL FUNDS 2 462,384 639 637 3 102 021 23
ALFORD HOUSE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 Compai'ative net movement in funds, included in tlie above are as follows: ncoming resources Resources expended Movement in funds Unrestricted funds Unrestricted Other unrestricted grants 125,982 3,000 437,167 563,149 3,000 Restricted funds Restricted Fund Redevelopment Fund Jack Petchey Awards Jack Petchey Foundation Woodroffe Benton Foundation London Youth National Lottery Community Fund Walcot Foundation Lambeth Council Lambeth S106 Roger Raymond Charitable Trust 83.297 83,297 (25,130) (256} (4,000) 6,875 (25,130) (1,156) (3,728) (23. 125) (1,000) (31,972) (15,513) (40,400) (20,777) (11,250) 900 (272) 30,000 1,000 31,384 17,553 40,400 20,777 22,500 (588) 2,040 11,250 247,539 174,051 76,488 TOTAL FUNDS 376,521 263,116 639,637 A current year 12 months and pi'ior year 12 months Combined position is as follows.. Net movement in funds At 31.3.24 At 1.4.22 Unrestricted funds Uni'esti'icted Other unrestricted grants 2,361,871 610.130 3,000 2,972,001 3,000 Restrieted funds Restricted Fund Redevelopment Fund Jack Petchey Awards Jack Pet¢hey Foundation Woodroffe Benton Foundation National Lottery Community Fund Walcot Foundation Roger Raymond Charitable Trust 83,297 (865,047) (277) (4,000) 14,375 (441) 3,899 11,250 83,297 (807,087) 899 57,960 1,176 4,000 15,625 8,490 13,262 30,000 8,049 17,161 11,250 100,513 756,944 656 431) TOTAL FUNDS 2 462 384 143 814) 2 318,570 24
ALFORD HOUSE NOTES TO THE FINANCIAL STATEfvJENTS- continued FOR THE YEAR ENDED 31 MARCH 2024 15. MOVEMENT IN FUNDS- Continued A ¢u11'ent year 12 months and prior year 12 months coinbined net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds Uni'estricted Other unrestricted grants 326,403 3,000 283,727 610,130 3,000 Restricted funds Restricted Fund Redevelopment Fund Jack Petchey A wards Jack Petchey Foundation Woodroffe Benton Foundation London Youth National Lottery Community Fund Walcot Foundation Lambeth Council Lambeth S106 Roger Raymond Charitable Trust The Michael Bishop Foundation Active Communities Network Garfield Weston Foundation 83,297 4,870 ,800 (272) 60,000 1,600 63,286 35,455 63,400 20,777 52,500 75,000 7,500 loo,000 83,297 (1,040.047) (277) (4.000) 14,375 (869,917) (2,077) (3,728) (45,625) (1,600) (63,727) (31,556) (63,400) (20,777) (41,250) (75,000) (7,500) (ioo,000) (441) 3,899 11,250 569 213 1,326 157 756,944 TOTAL FUNDS 898,616 16. DESIGNATED FUNDS Meinbers, Fund The income fuijds of the charity include the Meinbei's, Fund, which is a designated fund. The basic fundiiig eacli yeai. coines froni tlie allocation of 50 % of the members, subsci'Èptions and caiiteen pi'ofit. In addition, the proceeds of any nd-raisIng efforts by the members al-e taken to the nd, together with any donations received. The responsibility for decisions regarding expenditure is in the hands of a committee of members. This coinmittee has complete autonomy, with the Senior Youth Worker attending in an advisory capacity. Meiiibers, FIiFid Balance of Fund on l April 2023 11,512 Add: Income 522 Less.. Ouigoings for the year Balance as at 31 March 2024 12,034 25
Redevelopment Fund This fund is for the redevelopment of the site. Re(levelopiiieiil Fiiiid Balance of Fund on l April 2023 12,452 Add.. Income Less: Outgoings for the year Balance as at 31 March 2024 12,452 26
ALFORD HOUSE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Gift aid Grants Commissioned work 92,535 1,217 211,303 86,832 706 126,842 40.400 335,555 254,780 Other trading activitie5 Fundraising events 2,047 425 Investment income Rents i'eceived Interest receivable - trading 81,886 102,607 114,493 6,823 184 493 121316 Total incoming resources 522,095 376,521 EXPENDITURE Other trading activities Bad debts 660 Charitable activities Wages Insui?nce Light and heat Telephone Postage and stationery Payroll bureau Repairs and renewals Cleaning Subs¢riptions and membership Redevelopnient Legal fees Letting fees Ti'avel and subsistence Staff training cost and expenses 164,088 11,621 15,773 1,708 1,561 504 24,352 17,965 924 1,019,787 48 1,335 566 438 152,675 7,692 11,856 2,900 2,243 424 12,535 17,882 690 24,770 4,272 720 1,277,984 265,583 Support costs Finance FTeeliold propety 14,516 14,516 27
ALFORD HOUSE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Finance Other Loss on sale of tangible fixed assets (556.180) Governance costs Accountancy and legal fees 12,386 Total resources expended 1305 546 263,116) Net (expenditure)/ineome 783,451) 639,637 28