Cbarity number: 1130043
Company number: 06406353
Southwark Group Of Tenants OrganlsatioD
(A company ]Imited by guarantee)
Trustees, report and financial statements
for the year ended 31st March 2024

Southivark Group Of Tenants Organlsatlon
(A company limited by guarantee)
Contents
Page
Lcgal and administrative inforn]ation
Tn￿tc¢S, report
Independent examiners, report
ststement of financial activiti¢s
Balance sheet
Notes to the financial statements
10-14

Southwark Group Of Tenants Organisation
(A Company Ilmited by guarantee)
Legal and administrative inforniation
Charity number
113(XM3
Company registration number 06406353
Buslness address
Bells Gardens CornmuJ]ity Centre
19 Buller Close
LondoD SE15 6UJ
Reglstered office
Bells Gardens Community Centre
19 Buller Close
London SE15 6UJ
Trustees
Chris MeregiDi (Cbair)
Christine Glaridgc
Althea Smith
cy Sergeant
Saidat Okelunde
Christina Metibemu
Jolmson Mccalthy
Kiii Picri
AL-issa Munu
Jacqueline Martin
Emmanuel Ojomo
Kyle Sinynonds
Seeretary
M Onwuts
Accountants
Kleinn)an Graham
2nd Floor
Unicorn House
Station Close
Potters Bar
Hertfordshire EN6 ITL
Ballkers
Lloyds TSB
25 Camberwell Green
London SE5 7AB
Page I

Southwark Group Of Tenants Organisation
(A company limited by guarantee)
Report of the trustees (incoryorating tbe directors, report)
for the year ended 315t March 2024
The trustees present their report and the financial statements for the year ended 31 st Marcb 2024. The trustee& who are
also directors of Southwark Group Of Tenants Organisation for the purposes of company law and who served during the
year and up to the date of thi5 report are set out on pag¢ l.
Structur4 governance and management
Southwark Group of Tenants Organisation is governed by the Tn￿teeS Board which..
Sets thc policy of the charity
Detennines corylorate strategy> including setting key strategic objectives
Makes major decisions about tbe use of fman¢e
S¢ts a framework for human resour¢es policy
Objectives And aetlvltles
The objrxtive of the charity is to promote the benefit of the council tenants and residents of Southwark by associating
together local authorities, voluntary or8anisations and residents in a common effort to improve the quality of housin8 for
the council tenants and residents. We continue to promotc thc interests of tell￿t5 and residents associations in the
Borough of Soutbwark by providing an engaging platforn) that enhances illfom]ation 5haiin8 and best practice among
members. by offering supporL training, advice and resources for their benefits.
We promot¢ th¢ right of tenants including thosc from minority ethnic groups to exercise control ovcr their housing and
cnvironment by inforniation sharing between the organisations and the local authority
We continue to work with tenants and residents from the minority ethnic groups to extend their right to participate and
be consulted in the forn]ulation of council policies on bousing and associated issues and to be represented on all matters
and policies that involve them and their homes, by offering training and providing infonnation througb our regular
newsletter and website.
We work with tenants to enhance their confidence and mak¢ them aware of the local authority consultation structur¢
and their right to participate in such structure.
Our Resource Centre provides regular support with IT skills which allow members to put back into their associations
which is belping to promote con]rnunity activity and development.
We promote the harn]ODiOUS fill]ctioning of a mulii¢ultur81 community and work towards the elimination of all forn)s
of racism and discrimination within thc community by providing adequate facilities and bcspok¢ support to cater for all
s￿tiOnS of the community, and address th¢ areas where communication breaks down b¢¢ause of language barrA¢rs,
disabilities and lack of und¢rstanding.
We have an input on policxes in our role as th¢ urnbrella ￿up representing tenants and residents associations
throughout the borough by providing a better standard of relaying inforniation back to tenants and residents on CUTrent
housing issues and by analysing present or proposed government and local authority hou5iDg policies and legislation
Wc partnersbip with other organisations who slwe ow objectives, int¢rests and aspirations by providing a networking
forunL inforntstion service with regular monitoring 8md evaluation of our services to enabl¢ development and growth in
the years to com¢. We aim to achieve all the abov¢ so that tenants and residents, including thos¢ from thc minority
ethnic groups can have the inforn]ation to help with their campaigns for better homcs, to be trained to know the local
authority's consultation structure so that there is better tenants, participation which will allow representation of all
rnelnbers of the community to be involved.
Page 2

Southwark Group Of Tenants Organisation
(A company Ilmited by guarantee)
Report of tbe trustees (incorporating the dlrectors, report)
for the year ended 31st March 2024
Risk mt7nagement
The major risks to which the charity is exposed hav¢ been identified and considered. Th¢y have been r¢vi¢wed and
Systems established to mitigate these risks. The rnost significant risk identified. was the impact of depreciating council
housing stock as illustrated in the current Housing Commission Report, which will reflect on funds available to tenants
and the impact of recession on levels of income as well as the impacts of the present Welfare Refonn. These factors have
been care￿IlY considered and are rnanaged as follows:
- The orgatiisation is currently exploring other fundiDg streams to cary out specific projects in addition to thc fimding
available through the tenants, fund. The future plan is to f￿d other funding strategies.
- Income and expenditure is monitored in total and is compared with the approved plan to detect trends as part of the risk
management proc¢ss to avoid unforeseen Calls on reserves.
Aehievements and performance
Dwing the year, we continuc to provide support to council tenants and residents associations in the Borough of
Southwark. We continu¢ to provide services to our members b&s¢d on their individual requirements and support needed
to ensure that our collective objectives are achieved.
Trainlng
Our parthcr5hips with other voluntary sectors have helped to develop and deliver free training in areas of employment
and capacity building for council tenants and residents.
Free equipment hire
As in previous years, we continue to provide thesc services free of charge to community organisations in the borough
with a view to purchase additional and update certain lten￿.
Free aecounl reconciliation
We have helped many tenants associations with the verification of their ￿counts free of charge and offered advice on
how to adopt good bookkeeping.
Siaffdevelopment
Our priority is to invest in training of all employee8 in areas that will continue to enhance their individual personal
development. This will lead to an increased level of staff morale.
Real time support
We continue to support tenants and resId￿tS with housing relat¢d issues, such as the bedroom tax through our Campaig
Team and where we cannot help solve their problem, we have signposted to the relevant organisations who can assist
them resolve their specific housing related issues.
Bells Gardens Community Cenlre
We took over the management in December 2011, and since then, we have turned around the community ccntre to make
it accessible to the tenants and residents within the Commurrity. We have invested in esseThtial amenities such as, new
appliances along with a new fitted kitchen. new tables and chairs for each ball, re￿ecOrated, and cleaned regularly.
There is now a caretaker who ensures that the standard is ntsintained. We have made Be115 Gardens Community Centr¢
a very attractive venue for community based projects and popular for meetings.
Financial review
A Budget IS Set at the begtnning of each financial year, taking into account ILnown and anticipatrd funding. Monthly
ryorts of iDcome and expenditure are prepared by the Senior Manager and compar¢d with the budget. These reports are
considered by the Tn￿teeS at their regular montbly meetings.
Page 3

Southwark Group Of Tenants Organisation
(A company limited by guarantse)
Report of the trustees (incorporating the directors, report)
for the year ended 31st March 2024
Total income for the year amountcd to £277.794 (2023: £297,970). This includes incoTne from the tenant fund of
£228.(K)0 (2023: £233.000) and income from Bells Gardens Community Centre £21.570 (2023.. £21.000). Total
expenditures (including depreciation) was £259.510 (2023 £239.033).
Reserve polic),
The charity's policy regarding its reserve 15 to Tnaintain liquid reserves equivalent to at least 3 months. Our reserves
reflect not only the resources required io fijnd the charity'% day-to-day operation but also to cover our plans for the
future.
Statement of trustees, responsibilitles
The truslees (who are also direciors of SouthwaTk Group Of Tenants Organisation for the puyTrose of company law) are
responsible for preparing ihe TrusLees' Annual Report and the financial stat¢Tncnt.s in accordance wilh applicable law
and Uniied Kingdom Generally Accepted Accounting Practice.
Cornpany law requires the trustees to prepare financial staiements for each financial year which give a true and fair view
of the siale of affairs of the th￿Itable company and of the incoming resources and application of resources, including the
incorne and expendicure. of the charitable company for that period. In preparing ihese financial statements, the tnistees
are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the ch￿]11C8 SORP;
make judgemcnts and estimates that are reasonable and prndent;
s(a(e whether applicable UK Accounting Standards havc been followed. subject lo any material depariures disclosed
and explained in the financial statements: and
prepare the financial statements on thc going concern basis unless it is inappropriate to PTe5ume that the charilable
company will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at aT]y time
the financial position of the charitable company and which enable them to ensure that the financial stalements comply
with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and henLe
for taking reasonable steps for the prevention and deleclion of fraud and oiher irregularities.
Small company provislons
This 'rcport has been PTepared in accordance with thc special provisions for small companies under Parl 15 of the
Companie5 ALL 2006.
Page 4

Southivark Group Of Tenants Organisatlon
(A company limited by guarantee)
Report of the trustees (ineoryorating the directors, report)
for the year ended 31st March 2024
OD bel]alf of thc board
Chrls M
Director
23rd July 2024
Page S

Southwark Group Of Tenants Organlsatlon
(A eompany limited by guarantee)
Independent examlner'8 report to the trustees on the unaudited flnantlaj statements of
Southwark Group Of Tenants OrgAnisatlon.
I report on Ihe accounls of Southwark Group Of Tcnants Organi￿tIon for the year ¢nded 31st M￿ch 2024 set oul on
pag¢s 2 to 14.
Respeetlve responsibitities of trnSteeJ And Independent exY4mlner
As the truste￿ of ibe Company (and a150 its dircctors for the pu￿05¢9 of company law) you Are responsibl¢ for th
preparation of the financial 8tot¢nwits in 8ccordanc¢ with th¢ r4uirements of th¢ Companics Act 2006 {Ihe 2006 Ace).
Having sattsfied myself that the accounts of the company ar¢ not required to be auditcd Ulldw Part 16 of the 2006 kn¢
nd Bre eligible for independent examin4lion, I report in respect of my exdminaiion of the charity8 accounts 08 ¢8ffied
out under s¢clion 145 of lh¢ Chariti¢s Act 2001 Ilhe 2011 A¢V). In canying out my ¢xamination I have followed the
Directions given by the Charity Commission under seotion 145(5)(b) ofthe 2011 ACL
Ba8ts of Andependent examlner'$ statement
My examlnation was caffled out in accordance with th¢ Genernl Directions given by the Clwity Commi88ion. An
cxamiftation includcs a review of the accounting record8 kept by the thariry a comparison of the accounts presenied
with thos¢ re¢ord& li 8180 includcs consi(kration of any unusual ilems or disclosures in the accounts, And seeking
explaMtion8 from you AS Iruslees concerning ally such matters. Thc procedures Uimlertakeo do not providc all the
¢vldencc Ihat would be required in an audit and tonsequently no opinion is given as to wh¢¢h¢r th¢ accounts present 4
and falr vlew and the report is limil¢d to thosc matters sct out in the statcmcnl below.
Iodependent exflmlner's itotement
I have ¢ompleted my cxaminatioL I confirnj that no matters have como to my attention in connection with the
examination 8lvlng me oau8e to believe..
accounting records werc not kept in respect on the cbarity a8 rcquired by section 386 of the 2006 Act; or
to keep proper accouThtin8 Yecords in accordanea ivitb seclion 386 of tbe Conwanies Act 2006; and
th¢ financi81 stat¢nMts do no¢ 8c¢ord with th08¢ re¢ord8: or
the fitt8neial statements do not comply with the accounting requir¢m¢nts of section 396 of the 2006 Act other
than any requircnmt thNt accounts 8ive B'truc and fail vicw whith is not a matter ¢on8idered #8 part of an
independent examination. or
the fmgncial statements have not been prepared its accordance with the methods and principles of the
Statement ofRecomnKnd¢d Prac1ice for A¢cowiting and reporting by charities applicable to charities
piYparin8 their a¢¢oiints in Ac￿ra8￿ce wlth Flnaucilll Reporting Standard ￿p15¢abl¢ in thc UK and K¢publi¢
of Ireland (FR8 102).
Mr Jason Bennett FCA
Independent eJamln¢r
Klcinman Graha
Chartcred AccounlADts and Re8lSt¢red Auditors
2nd Floor, Unicorn House
Station Clos¢
Potters Bar EN6 ITL
Page 6

Southwark Group Of Tenants Organisatlon
(A company limited by guarantee)
Statement of financial activlties (incoryoratlng the income and expenditure account)
For the year ended 31st March 2024
Unrestrlcted
funds
2024
Total
2023
Total
Notes
Ineomlllg resources
Incoming resour¢es from gencrating fimd8:
Voluntary income
Activities for gcn¢rating funds
Investment income
Other incomin8 resources
252.000
21.570
2,050
2,174
252,000
21,570
2,050
2,174
275,3(Ki
21,000
291
1.379
Total incomlng resources
277,794
277,794
297.970
Resources expended
Costs of generating funds:
Cost of generating voluntary in¢ome
Governance costs
249,903
2,607
249,903
2.607
236,114
2,919
Total resource5 expended
252,510
252,510
239,033
Net incomlng resources for the year I
Net fincome for the year
25,284
25.284
58,937
Total funds brought forward
197,334
197.334
138,396
Total funds ¢arrled forward
222,618
222,618
197,333
The notes on pages 10 to 14 forni aD integral part of these financial statemen
Page 7

Southwark Group Of Tenants Organisatlon
(A company limlted by guarantee)
Balance sheet
as at 31st March 2024
Company number: 06406353
2024
2023
Notss
Fixed assets
Tangible assets
Current assets
Debtors
Cash at bank and in hand
12
3,485
4,646
13
90
230,070
199,748
230,160
199,748
Creditors: amounts falliDg
due within one year
14
(11,028)
(7,059)
Net current assets
219.132
192,689
Net Assets
222.618
197234
Funds
Unrcstricted income fimds
222,618
197.334
Total funds
222,618
197,334
Th¢ Balance Sheet continues on the following pag¢.
The Dotes on page5 10 to 14 form an integral part of these f￿anCial statements.
Page 8

Southwark Group Of Tenants Organisation
(A company limited by guarantee)
Balance sheet {continued)
Trustees statements required by the Companies Act 2006
for tbe year ended 31st March 2024
In appmving these financial statements as trustces of the company we hereby confinn..
(a) that for the year stated above the company was entitled to the exemption conferred by section 477 of the Companies
Act 2006 .
(b} that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies
Act 2006 r¢questing tbat an audit be conducted for the year ended 31st March 2024.
(c) that we acknowledge our responsibilities for:
(l) ensuring that the company kc¢ps PToper accounting r¢cords which comply with section 386 of th¢ Companies Act
2006, and
(2) preparing f￿anCIal staten]eDt$ which give a true and fair view of the state of affairs of the company as at th¢ ¢nd of
thc financial year and of its Profit or loss for the year then ended in a¢¢ordance with the requirements of scctions 394 and
395, and which otherwise comply with the provisions of the Companies Act r¢lating to f￿anCIal statements, so far as
applicable to the Company.
These fmancial statements are prepared in accoTdance with the special provisions of Part 15 of the Companies Act 2006
relating to small companies and in accordance with the Financial Reporting Standard for Smaller Entities (effectivc April
2008).
Th¢ fllwicial stst¢nKnts w¢r¢ approved by the Intste¢s on 23rd July 2024 and SA￿ed on its behalf by
Chri5 Me
Dlrector
halr)
The note5 on pages 10 to 14 forn) an integral part of these Ilnydnclal statements.
Page 9

Southwark Group Of Tenants Organisation
(A company limited by guarantee)
Notes to financial statements
for the year ended 31st March 2024
Accountlng policies
The principal accounting policies arc sumM￿sed below. Th¢ accountillg policies bave been applied consistendy
throughout the year and the preceding year.
1.1. Statement of complianee
The fmancial statements have been prepared in compliance with FRS 102. 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland,, The Satement of Recomrnended Practice applicable to chariti
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102) (Charities SORP (FRS 102)} and the Companies Act 2006.
1.2. Incoming resources
All incoming resource5 are included in the ststement of financial activities when the charity is entitled to the
income and the amount can be quantified with reasonable accuracy. The following spccific policies are applied to
particular categories of incom¢:
Voluntary income is received by way of grants, donations and gifts and is included in full in the statement of
fmancial activities when receivable. Grants where entitlemcnt is not conditional on the delivery of a specifi
perf0M￿]ce by the charity, are recognised when the charity bccomcs unconditionally entitled to the grant.
Donated scrvices and facilities are included at the value to the charity where this can be quantified. Thc value of
services provided by volunteers has not been included.
Gifts donatcd for resale are included as incoming resourccs within activities for generating fimd5 when they are
sold.
Grants, including grants for the purchase of fjxed assets, are reco8niscd in fidl in the statement of financial
activities in the year in wluch they are receivable.
Income from investments is included in the year in which it is receivable.
1.3. Resources expended
Expenditure is rccognised on an accrual basis as a liability is incurred. Expendith includes any VAT which
cannot be fully recovered, and is rqjorted as part of the expenditure to which it relates.
Costs of g¢nerating fimds compris¢ the costs associated with attracting voluntary income and the ¢osts of trading
for fundraising puryos¢s including the charity's $hop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services
for its b¢n¢ficiY4ries. It includes both costs that can be allocated directly to such activities and those costs of an
indirect nature nece58ary to SUPPOrt thcm.
Support costs are those costs incurred directly in support of expenditure on the objects of the clwity and include
project managernent.
IA. Tangible fixed assets and depreciatio
Tangible f￿ed assets are stated at cost less accumulated depreciation. Depreciation 15 provided at rates calculated
to write off the cost less residual va]ue of each asset over its expected useful life. as folluws:
Fixttwes, fittings and equipment
250/0 Reducing balancc
Page 10

Soutbwark Group Of Tenants Organisation
(A eompany Ilmited by guarantee)
Notes to financial statements
for the year ended 31st March 2024
Voluntary Income
Unrestricted
funds
2024
Total
2023
Total
Grants receivable
252,000
252,000
275.300
252,000
252,000
275,300
Actlvltles for generating funds
Unrestrleted
runds
2024
Total
2023
Total
Bells Gardens Hall Hire
21,570
21,570
21,000
21,570
21,570
21,000
Investment Income
Unrestrlcted
funds
2024
Totsl
2023
Total
Bank interest reccivablc
2.050
2,050
291
2,050
2,050
291
Other incomlng resources
Unrestrlcted
funds
2024
Total
2023
Total
Other income
2,174
2.174
1,379
2,174
2,174
1.379
Cost of generatlng voluntary Income
Unrestrl¢ted
funds
2024
Total
2023
Total
Support costs
249,903
249,903
236.114
249.903
249,903
236,114
Page 11

Southwark Group Of Tenants Organlsation
(A company limited by guarantee)
Notes to Ilnancial statements
for the year ended 31st March 2024
Governance costs
Unrestricted
funds
2024
TotAI
2023
Total
Accountancy fees
Legal and professional fees
Ballk cbarges
2.094
396
117
2,094
396
117
2,407
396
116
2.607
2,607
2,919
Analysls of support cost$
Cost of
generatlng
voluntary GovernAn¢e
Income
costs
2024
Total
2023
Total
Purchases
Staff costs
Premiscs expenses
Motor and travelling costs
Accountancy clwges
tKgal and professional fees
Communication and infornmtion te¢hnology
Other office expenses
Interest payable and similar charges
Depreciation and impairn]ent
Advertising
Conferences attd training
1,151
212,064
2,166
150
1.151
212,064
2,166
150
2.094
396
3,390
25,569
117
1,161
2,518
1,734
196.912
6.091
2,094
396
2,407
396
2,987
21,825
116
1.548
337
6.414
3.390
25,569
117
I,l61
2,518
1,734
249.903
2,607
252,510
239,033
Net incomlng resources for the year
2024
2023
Net incorning resources is Stated after charging:
Depreclation and otbcr amounts written off tangible fixed assets
1,161
1,548
Page 12

Southwark Group Of Tenants Organlsation
(A company limited by guarantee)
Notes to financial statements
for the year ended 31st March 2024
10.
Employees
Employment costs
2024
2023
Wages and sa1￿]eS
Social SCCUTity costs
Other post retirement bcncfits
184,304
16,857
10,903
170,946
16,116
9,850
212,064
196,912
No employee received emoluments of more than £60,000 (2023 . None).
Number of employees
The average monthly numbers of employees (includin8 the trustees) during tbe year, calculatcd on the basis of
full time equivalents, wa8 as follow5:
2024
Number
2023
Number
11. Taxatlon
The charity's activities fall within the exemptions afforded by the provisions of the Income and co￿oration
Taxes Act 1988. Accordingly, there is no taxation charge in these accounts.
Flxthres.
rittlngs aDd
equlpment
12.
Tanglble fued assets
Total
Cojt
At I st April 2023 and
At 31st March 2024
20,408
20,408
Depreciation
At I st April 2023
Charge for the year
15,762
15,762
1,161
At 3 1st March 2024
16,923
16,923
Net book values
At 3 1st March 2024
3,485
3,485
At 3 1st March 2023
4,646
4,646
Page 13

Southwark Group Of Tenants OrgaDRsation
(A company limited by guarantee)
Notes to financlal statements
for the year ended 31st March 2024
13. Debtors
2024
2023
Trade debtors
90
14.
Credltors: amounts falllng due
wlthin one year
2024
2023
Other tsxes and social security
AC¢n￿lS and deferred incom¢
6.827
4,201
2,858
4.201
11.028
7,059
15.
Company Ilmlted by guarydntee
Southwark Group Of Tenants Organisation is a company limited by guarantee and accordingly does not have a
share capital.
Every member of thc company undertakes to contribute such amount as may be required not exceeding £1 to thc
asscts of the charitsble company in the event of its being wound up while hc or she is a rnembcr. or within one
year after he or she ceases to be a member.
Page 14

Southwark Group Of Tenants OrgaDisation
(A company limited by guarantee)
The following pages do not form part of the statutory accounts.

Southwark Group Of Tenants Organisation
(A company limited by guarantee)
Detailed statement of financial activities
For the year ended 31st March 2024
2024
2023
Incoming resources
Incoming resources from generating funds:
Voluntary income
Grants receivable
252,000
275,300
252,000
275,300
Acliviliesfor generatingfunds
Bells Gardens Hall Hxre
21,570
21,000
21,570
21,000
Inveslment income
Bank interest receivable
2,050
291
2.050
291
Total incoming re$ouree8 from generadng fund8
275,620
296.591
Other incomlng resources
Other income
2,174
1,379
2.174
1,379
Total Incomlng resources
277,794
297,970
Resources expended
Costs of generating funds:
Support costs
Cornm￿]ty frid8e purchases
Wages & salaries
Employees NIC
Stsff p¢nsion costs
Premises, cleaning, upkcep, repairs and insurance
Travel, subsistence and childcare
Computer expenses
Telephone, printing, postage and ststionery
Depreciation & impainnent
Event costs
Conferences and training
1.151
184,304
16,857
10,903
2,166
150
3,390
25,569
1.161
2,518
1.734
170,946
16,116
9.850
6.091
2.987
21.825
1.548
337
6,414
249,903
236,114
Total cost of generating voluntary income
249.903
236,114
Fundraising tradlng:
cost of goods sold and other costs
Total costs of generating funds
249,903
236,114
Page 16

Southwark Group Of Tenants Organisation
(A company limited by guarantee)
Detailed statement of financial activfitles
For the year ended 31st March 2024
2024
2023
Charltable acdvities
GovernaDce costs
Support costs
Accountancy fees
Legal and professional fees
Bank charges
2.094
396
117
2,407
396
116
2,607
2,919
Total governance costs
2.607
2.919
Net Incomlngl(outgofing) resources for the year
25.284
58,937
Page 17