2021-12-31-accounts

ECCT Report & Accounts 2021

Sept 22

EARL'S COURT COMMUNITY TRUST

TRUSTEES' REPORT AND UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2021

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ECCT Report & Accounts 2021

Sept 22

EARL'S COURT COMMUNITY TRUST

TRUSTEES' REPORT

The trustees present their report and accounts for the period ended 31 December 2021. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the trust's memorandum and articles of association, the Companies Act 2006 and the Statement of Recommended Practice (SORPs). ln the event of the company being wound up members are required to contribute an amount not exceeding £1.

Administrative Information

Trustees and directors… …as of 31 Dec 2021	Trustee since…
Keith Clancy	2007
Toby Brown (Chairman)	2012
Baljit Badisha	2012
Freddy Gibbs	2013
Di Parnell	2014
Simon Brooks	2012
Elsa Maria Beirao Simoes	2019
Nikita Franks WILLIAMS	2020

Charity number	1126021
Company number	6450596
Principal address	1a Nevern Place, London SW5 9NR
Registered office	1a Nevern Place, London SW5 9NR
Bankers	Metro Bank, 1 Southampton Row London WC1B 5HA

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ECCT Report & Accounts 2021

Sept 22

EARL'S COURT COMMUNITY TRUST

TRUSTEES' REPORT

The Earl’s Court Community Trust’s (ECCT) aim is to support and develop accessible arts, culture and community initiatives, involving and benefiting a wide range of social groups in our area.

We are a recognised and respected organisation with a track record of success, and, as an umbrella entity, we unite and activate housing authorities, local & corporate businesses, residents and community groups, using Arts & Culture as a vehicle for sustainable community evolution.

Our Objectives

• Promote, maintain, stimulate, educate and promote enjoyment of the arts for the benefit of the inhabitants of Earl’s Court (EC) and the surrounding area;

• Improve the provision of facilities for recreation and other leisure time activities for individuals that have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances;

• Through Arts and Culture initiatives, support the public at large in the interest of social welfare and with the object of improving the condition of life of the aforementioned inhabitants;

• Encourage young people, especially, but not exclusively, through leisure time activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.

ECCT Activities

• Host a range of community initiatives at our local community centre (Art’s Hub);

• Offer PA/Cinematic equipment for local events;

• Provide event and production support;

• Provide funding and finance administration, including banking and financial advice to project groups;

• Offer advisory, training, marketing and logistical support to persons and groups that wish to run events, classes or create local initiatives.

The policies adopted in the furtherance of these objectives are to create, manage and deliver events and projects throughout the year which promote ECCT’s objects of encompassing marginalised people, involving disaffected young people, promoting local talent and giving pleasure and pride in quality productions. Equality of access is an essential part of our thinking.

These continue to be the trust's policies which the trustees intend to expand and build upon in the coming year.

Principal funding sources

The trust's income comes from donations, grants, sponsorship and revenues from activities associated with projects and events mounted in the name of the Earl's Court Community Trust. Money so raised is in the form of unrestricted funds unless otherwise stated. Fund raising activity has been successful to cover event and specific project costs over the past year. In 2021 the largest financial supporters of ECCT were the Earl’s Court Partnership (£54,166) and the Royal Borough of Kensington & Chelsea (£4146).

Financial review

The accounts show a current balance of funds at 31 December 2020 of £40,679. This includes

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ECCT Report & Accounts 2021

Sept 22

£32,229 of funds restricted for the EC Drama Workshop, the EC Film Festival and for the EC Pride event in 2022. The remainder are unrestricted reserves which at £8451 are considered to be sufficient by the trustees.

Risk management

The trustees have reviewed the major risks to which the charity is exposed. Where necessary, processes and activities have been established to mitigate those risks.

Achievements in 2021

Despite the continuing challenges presented by the Coronavirus pandemic, ECCT supported the organisation and delivery of the following projects and events in Earl’s Court during 2021:

• The Court, a newspaper and online journal covering arts and events in Earl’s Court;

• Hosting a variety of charitable groups and organisations at our community space the Arts Hub, 1a Nevern Place;

• Earl’s Court Drama Workshop;

• Musical events in garden squares;

• Earls Courtiers productions – including “A night at the musicals” and a winter play

• Open air cinema in Bramham Gardens

• Earl’s Court Film Festival – online and in person screenings

• Christmas Lights in Earl’s Court Road

In addition to its core activities, the Trust provides infrastructure support to the following independent projects in Earl’s Court:

• The Court

• Earl’s Court Theatre Project

• Drama Workshop Project

• Earl’s Court Film Festival

Related parties

There are no other related parties to the charity apart from those listed above and organisations who use the community space at 1a Nevern Place.

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ECCT Report & Accounts 2021

Sept 22

Trustees' responsibilities

Company law requires the trustees to prepare financial statements for the financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the trustees should follow best practice and:

• Select suitable accounting policies and then apply them consistently;

• Make judgements and estimates that are reasonable and prudent; and

• Prepare the financial statements on a going concern basis unless it is not appropriate to assume that the company will continue on that basis,

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees, who are also the directors of Earl’s Court Community Trust for the purposes of company law, are responsible for the preparation of the accounts. The trustees consider that a full audit is not required for this year under section 43 of the Charities Act 1993, the 1993 Act, but that an external scrutiny is required.

Public Benefit Statement

The trustees confirm that they have complied with the duty of Part 4 of the Charities Act 2006 to have due regard to the Charity Commission's general guidance on public benefit, "Charities and public benefit.”

This report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Approved by the trustees on and signed on their behalf by:

Frederick Gibbs, Treasurer..................................................

Date :…………………………………………........................

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Sept 22 ECCT Report & Accounts 2021

EARL'S COURT COMMUNITY TRUST

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

For the year ended 31 December 2021

All figures are £	Note	2021	2020
Incoming resources	1
Grants/donations received for charitable activities - Film Festival - Drama Workshop - Theatrical and musical Events - Christmas Lights - The Court Newspaper	2	24,222 8,118 5,186 14,166 7,500	28,995 5,355 15,428 14,166 15,760
Event and other income from charitable activities	2	40,960	23,183
Total Income		100,153	102,887
Resources expended	1
Charitable activities	3,4,5	101,233	94,487
Accountancy and governance costs	4	13	0
Total Expenditure		101,246	94,487
Net Income / (deficit)		(1093)	8,400
Reconciliation of funds
Total funds brought forward		41,773	33,373
Total funds carried forward	7	40,679	41,773

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. All recognised gains and losses are contained in the above statement of financial activities.

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Sept 22 ECCT Report & Accounts 2021

EARL'S COURT COMMUNITY TRUST

BALANCE SHEET

For the year ended 31 December 2021

All figures are £	Note	2021	2020
Current Assets
Cash at bank and in hand		40,679	41,773
Current Liabilities
Creditors: amounts falling due within 1 year	6	0	0
Net Assets		40,679	41,773
Funds
Unrestricted funds		8,450	2,340
Restricted funds	7	32,229	39,433
Total Funds		40,679	41,773

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2016. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006

The accounts were approved by Mr Toby Brown (Chairman), Mr Keith Clancy (former chairman) and Mr Frederick Gibbs (Treasurer).

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ECCT Report & Accounts 2021

Sept 22

EARL'S COURT COMMUNITY TRUST

Notes to the accounts………..for the year ended 31 December 2021

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention. The accounts have been prepared in accordance with applicable accounting standards, the Statement of Recommended Practice, "Accounting and Reporting by Charities", issued in March 2005 and the Companies Act 2006 and the Financial Reporting for Smaller Entities (effective April 2008).

lncoming resources

All incoming resources are included in the Statement of Financial Activities when the charity is entitled to the income and the income can be quantified with reasonable accuracy. lncome from ticket sales and sponsorship is included in the accounts when received.

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be recovered and is reported as part of the expenditure to which it relates. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities.

Accumulated unrestricted funds

Unrestricted funds are available at the discretion of the trustees in the furtherance of the general objectives of the charity. Restricted funds are subject to specific conditions by donors as to how they may be used.

2 Incoming Resources

2 Incoming Resources
£	2021	2020
Grants received for charitable activities	59,193	79,704
Event and other income from charitable activities	40,960	23,183
Total Income	100,153	102,887

3 Resources Expended

3 Resources Expended
£ see notes 4,5	2021	2020
Charitable activity costs
Film Festival	26,477	19,770
EC Drama Workshop	14,874	5,550
EC Theatre and Musical Events	35,363	35,363
Christmas Lights	10,330	10,830
The Court Newspaper	0	15,760
Other costs
Arts Hub (1a Nevern Place) running costs	5,749	7,214
ECCT donations made to local charities & organisations*	10,793	n/a
Total expenditure	101,246	94,487
Note *includes £2100 loan to local resident

4 Trustees

No trustees received any remuneration during the year. There were no trustee expenses paid for the year to 31 December 2020.

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ECCT Report & Accounts 2021

Sept 22

EARL'S COURT COMMUNITY TRUST

Notes to the accounts………..for the year ended 31 December 2021 ….cont’d

5 Employees and contractors

There were no paid staff/employees for the year to 31 December 2021 (2020: 0). There was one contractor for the year to 31 December 2021 (2020: 1) providing a weekly cleaning service for the Arts Hub.

6 Creditors

There were no amounts falling due within 1 year.

7 Restricted Funds

££32,229 being divided as follows: £282 restricted for the EC Drama Workshop, £24,447 restricted for the Earl’s Court Film Festival and £7500 restricted for the EC Pride event scheduled for February 2022.

ENDS.

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