Charity number: 1130043 Company number.. 06406353 Southwark Group Of Tenants Organisation (A company limited by guarantee) Trustees, report and fmancial statements for the year ended 31st March 2025
Southwark Group Of Tenants Organisation (A company limited by guarantee) Contents Pllge Legal and administraiive infoi'mation Twsiees, report Independent examiners. report Statemcnt of financial aciivilies Balance sheei Notes to the flliancial sialements 10-14
Southwark Group Of Tenants Organisation (A company limited by guarantee) Legal and administrative inforniation Charity number 1130043 Company registration number 06406353 Business addrng Bells Gardens Conununity Centre 19 Buller Close London SEI 5 6UJ Registered office Bells GaTdens Community Cenire 19 Buller Close London SEI 5 6UJ Trustees Chris Meregini (Chair) Althea Smith Saidat Oketunde Christina Meiibemu Johnson Mccalthy Mohatncd Dris AL-is5a Munu Jacqucline Gilmallin En]Inanuel Ojomo Kylc Simmons Secretary M Onwula Accountants Kleinman Graham 2nd Floor Unicorn House Siation Close Potters Bar Herifordshire EN6 ITL Bankers Lloyds TSB 25 Camberwell Green London SE5 7AB Page I
Southwark Group Of Tenants Organisation (A company limited by guarantee) Report of the trustees (incorporating the directors, report) for the year ended 31st March 2025 Thc Irusiees present their report and ihe financial statemenis for the year ended 3 Isi March 2025. Tlie trustees, who are also directors of SOUthrark Group Of Tenanis Organibation for the purposes of company law and who served during the }'ear and up to the date of this report are Set out on page l. Strncture? governance 2nd management Southwark Group ot Tenants Organisation is governed by the TstetS Board whi¢h= .Sels the policy of the chariiy Determines corporate Sirategy, including setting key str2tegic objectives Makes major decisions about the use of finance Seis a framework for human resources policy Objectfives and activities The objeciive of the charity is to promoie the benefit of the couiicil tenants and re.8ideiits of Southwark by associating togeiher local authorities. voluniary organisations and residents in a common effort 10 improve the qualiiy of housing for Ihe council tenants aiid resideT]tb. We continue to proniote Ihe interests of (eJ]anis and residents associations ill the Borough of Souihwark by providinir an engaging platform that enhances inforn]aiion sharing and besi praciice among embers, by offering support. training. kulvice and resources for their benefits. We proinoie the right of tenants inLluding those from minority ethnic groups to cxercise control over thcir housing and environnicnt by inforniauon shaTing between ihe organisations and the local authority We continue to work wilh ienants and residents from the rninority ethnic groups to extend their right to participate and be consulted in the fonnulaiion of council policies on housing and aEso¢iaied issues and to be represented on all m&iter8 and policies that iTJvolve them and their homes, by offering traiiiing and providing infonnation through our regul< newsletter and website. Ive work Mpith tenanis to enhance their confidence and make thcm aware of the local au(hority consultation strnciure and their right to participste in such slructure. Our Resource Centre provides regular support with IT skills which allow members to plli back inlo their associations which is helping to promote community activity and development. We promote tbe harnlonious funciioning of a multicultural community and work iowardf the eliminalion of all forms of racism and discrimination wiihin the community by providing adequate faciliiies and bespoke support to cater for all .sections of the cortLmunity, and address the aS wh¢TC communication brcdks down because of lanvudge barrier.s, disAbiliiies and lack of understanding. We have an input on policies in our role as the umbrella group Tepreseniiilg ienants and residents 3Ssociations throughout the borough by providing a better Stadard of relaying information back to ienants and residents on curreiii hou8ing issues and by analysiiig present or proposed govcrnment and local authority housing policics and legislation We paTtncrship wilh oiher organisations who share our objcciives. interests and a5piraiioiis by providing a neiworking fonjm. inforniaiion service 11th regular monitoring and ei'aluaiion of our 5ervice5 to enable development llnd gro in the years to come. We dim to achiev¢ all the above so thaf lenanls dTrd residents. including those from the minoriiy ethnic groups can have the infonnalion io help wilh iheir campaigns for better homes, 10 be Irailled to kno, th¢ local 3Uthority's con8uliaiioTh structure so ihat ihere is better tenanLN' participation which will alloMp represeniation of all members of the comniunity to be iiivolved. Page 2
Southwark Group Of Tenants Organisation (A company limited by guarantee) Report of the trnstees (incorporating the directors, report) for the year ended 31st March 2025 Risk pnanageKIEiir The major risks to which the charity is exposed have been identified and considered. They have been reviewed and sy4ten]s established To mitigate thesc riskb. The most significan( risk identified, was the impact of deprecialing council housing stock as illustrated in the cUen[ Housing Cornmitssion Report, which will reflect on funds available to ieiianis and the inipact of recession on lei'els of income as well as the impacis of ihe present Welfare Reform. These factors have been careIlY considered and are managed as follows: The organisation 15 currently exploring other funding sireams to ¢any out specilic projects in addition to the funding available through ihe tenants, fund. The fuiure plan is to find other tunding slrategies. - Income and expendiwre 15 monitoyed in iol&l and is compared with ihe appToved plan to detect trends as pari of the risk managen]ent process to avoid unfore8cen calls on reseriTes. Achievements and performance During the year, we coniinue to provide support to council tenants and residents associaiions in the Borough of .Souihupark. We coT]tinue 10 provide seTh'ices to our members based on iheir individual requircmenls and support J]eeded io ensure thai our colle1Ve objectives are achieved. Trolpziitg Our partnerships With other voluntary sectors have helped to develop and deliver free training in areas ol en]ploymeiit and Capacity buildivjg for council tenants and residents. Free eqiiipineiir hiye As in previous yeaTS. we continue to provide thcse services free of charge 10 community organisations in the borough wilh a vie 10 purelse additional and update certain items. Free account recoiicillalioii We have helped many tenants associations with Ihe verification of iheir accounis free of charge and offered advice on how to adopt good bookkeeping. Siaff developrnEiII Our prioriiy 15 to invest in iraining of all eTnployees in areas thal ,111 coniinue to enhallce (heir individual personal development. This will lead to an increased level of staff morale. Real lime siipporl We continue to suppon ienants aT]d rc5idenis with housing rclated issues, su¢h as the bedroom tax throu1 our Campaign Team and where we cannot help solve their problem, we have signposted io the relevant organisations who can assisl them res011'e rhcir specifi¢ housing related issues. Bells GardeiJs Coiiimmniry Cepiti-e We took oiler the n]anagement in December 2011, and since then, we have tumed around the commuiiiiy centre to make li accessible to the tenanls and residents within (he Community. We liave ini,esd in esseniial amenities such 3s. new appliances aloTJg with a ne, filled kitclien, new tables and chairs for each hall, re-decoraied, and Cleaned regularly. There is now a caretaker who ensllres ihat the standard is maintained. We have made Bells Gardens Community Cenire a very attractiv¢ vcllue for community based projecis and popular for meetings. Financial review A Budget is set at the beginning of each financial year. taking into account known and anticipated funding. Monihly reports of incoTne and cxpenditure dre prepared by the Senior Managcr and compared with rhe budgel. TFAese reports are considered by the TNsrees at iheir regular monthly meetings. Page 3
Southwark Grollp Of Tenants Organisation (A company limited by guarantee) Report of the trllstees (incorporating the directors, report) for the year ended 31st March 2025 Toial income for the year amounted to £255.087 (2024= £277,794). This includes income from the tellant fund of £228,000 (2024: £228,000) and incoine from Bells Gardeyjs Coi]unuJ]iiy Cenire £23.525 (2024: £21,570). Toial expenditUTes (including deprecialion) was £28S.288 (2024 £259,510). Reserve policy The charity's policy regarding its reserve is 10 maintain liquid reserves equii'alent to at least 3 months. Our reseives reflect noT onl}, tbe resources required ro fund the charity's day-to-day operation bui also io cover our plans for the future. Statement of trustees, responsibilities The trusiees (who are also direciors of Southwark Group Of Tenants Organisalion for the puiyose of company law) are responsible for preparing ihc Trusiees, Annual Reporr and the fancIal slementS in accordance rith applicable law and Uniied Kingdorn Generally Accepted Accounting Practice. Company law requiles the irustees to prepare financial statements for each financial yeaT wliich give a lrne and fair view of the slate of affairs of the chariuble company and of the incoming re%ources and applicalion of resources, including the income 2nd expenditure. of the charitable company for ihai period. In preparing ihese fiiiaT]ci&l siatements, the trusiees are required to: sele¢i suitable accouy]ting policies and then apply them consistently. observe the methodx and principl&g in the Charities SORP; nke.jUdgeMellls and estimaies that are reasonable and Prudent" sthte whether applicable UK Accounting StaJJdards hai'e been followed, subjeci to any Inaterial departures disclosed and explained in thc financial 8tatement.g- and prepare the financial staiemenl5 on tlie going concetn basis unless li is inappropriate io presume that the charitable company will continue in operation. The tNsiees are respollsible for keeping propcr accountiiig records which disclose with reasonable auracY ai an>, lime the financial position of the charitable company and Th,hi¢h eiiable them to ensure that the financial statemeiits comply wilh the Companies Act 2006. They are also responsible for safeguarding ihe assets of the chariiable company and hence for taking reasonable step.s for ihe prevention and deiection of fraud and other irregularitie8. Small company provisions This report has been prepared in accordance wilh the special provisions for small companies Ullder Part )5 of the Companies Act 2006. Page 4
Southwark Group Of Tenants Organisation (A company limited by guarantee) Report of the trllstees (incorporating the directors, report) for the year ended 31st March 2025 On behalf of the board Chris Mer Direclor (c 28ih August 2025 Page 5
Soutl)wark Group Of Tenants Organisation {A company Iln)fited by guarantee) Independent examlner's report to the Irustees on the unaudited fingnL4al statements of Soutliwark Group Of Tenants Oi"ganisatRon. report oil the accounts of Souththwrk Group O( Tenan(s Orgaiiisation for th¢ ar ended 31$L March 2025 set out c( pages 2 to 14. Rolpectlve responsibilitles of IrusIc and ind¢pendent examiner As th¢ Irutlees of ihe cornpany {and also its direeLors for the PDTposes of company law) you arc responsible for ihc Preparatio of thc financial slatemertts in ac¢ordall¢e with th¢ requirements of Ihe Cort]pinies Act 2006 ('Ih¢ 2006 Act,). H&i'ing satisfied myself that the 4CCOllnts Df the company arc not requii'ed to bt auoiied Under P8rt 16 of the 2006 ALt and ar¢ cligiblc for indepBndeni exaTnin*ion, I i'eport in respecl of Tny ex3TDinaiion of the ehariils aeeounts as callied out under Section 145 of the Charities Aci 20DI ('the 2011 Act.). In carryills out my exami1[10 I bave folloEd the Di1108 Eiven by the Charity Cotnrnission under sectioi) 14515)(b) of thB 2011 Act. Basls of IndePendet ex¥4miner's statwnent My e%amirtadon was coryied out in accordance with th¢ General Direclions given by th¢ Chariiy CortUDi8sioll. An examination includes a r6vi¢w of the 2ceounting record ktpt by tl)c tharily aDd & coinparison of th¢ occount8 presented with those Tecotds. It also includes considerdtiOD of aTby unusual irnS or di5¢1osures in th¢ ac¢ounts, and seeking explanBiions from you &s ttustres ¢oD¢¢riiiMg Any such nthit¢r$, The procEdllres undertaken do iioL provlde all th¢ 8Yidence tha¢ wollld be required in an audit and cons¢quently J)0 opinion is givex as to Whet1 the accounts present 8 'trne and ftslf vi¢W ond the report is limited to t15¢ maéter5 s¢1 out in the stfttement below. Independent examlner's statement I have ¢omplBteLI iny exarnin41tivn, T confirm rlial no matters hthve come to my attentiov in connection with lh¢ examinaiion giving me causslo bdieve.. a¢counting ie¢ords vicrc J)ot kcpi in rcspecl on the ch&rity as required by s10 386 of ihe 2Q06 Act. c to keep 0Ver a¢countin¥ recurd5 in accordAnce with section 386 of the Comp3nic$ Act 2006. And the finau¢ial st&leTAents do not accord wifh those recoi'¢14' or the financial statements do not comply wilh thc a¢ul]ting requirements of seciion.196 of (h¢ 2006 Act other thali &ny reqnirthnent that accounf5 give A'we and fair, Iiiow which is not all]aUer CQDsid&Ed as patt of all independent exAminaiioTh- or Ihe finan¢i&l statements have iAOt been prepared in e0rdance with the methods aDd princip)es of the StatGm¢nt of Recotnmendcd Practic¢ for 2ceounting and reporting by chuities applicoble to ¢harities preparxng their accounts in accordallcc with Pinallcial R¢portiug siandgrd applicable in thc UK Ind Republic of lY¢land (FRS 102), Mr Jason Bennett FCA Independent ey8mlner Kleinrnan Graham Chartered A¢¢ountanis and R¢gisier¢d Audif¢)rs 2nd Floor, Unicom Hou Slalion Close Poltei's Bar EN6 ITL Poge 6
Southwark Group Of Tenants Organisation (A company limited by guarantee) Statement of financial activities (incorporating the income and expenditure account) For the year ended 31st March 2025 Unrestricted runds 2025 Total 2024 Total Note5 Inc(Nnlng resources Incoming resources fron] generating funds: Voluni8ry income Acliviiies for generaling funds Investment income Other incoming resources 228,(M)O 23,525 2,693 869 228.000 23.525 2.693 869 252,000 21,570 2,050 2,174 Total incoming resources 255,087 255,087 277,794 Resources expended Cosis of generating funds.. Cost of generating voluntary income Governance costs 282.418 2.870 282,418 2,870 249.903 2,607 Total resources expended 285.288 285,288 252,510 Nel incomingl(outgoing) resources for the year I Net incomel(eXpendire) for the year (30,201) {30.201) 25,284 Total funds brought forward 222,618 222,618 197.334 Total funds carried forward 192.417 19?,417 2?2.618 The notes on pag&$ 10 to 14 forni an Integral part of these financial statements. Page 7
.Southwark Group Of Tenants Organisation (A company limited by guarantee) Balance sheet as at 31st March 2025 Company number: 06406353 2025 2024 Notes Fixed Assets Tangible assets Debtors Cash at bank and in hand Creditors: amounts falling dlle withiD one year 12 13 2.614 3.485 90 214.786 90 230,070 14 {25,0741 (11.028) Net current assets 189,802 219,132 Net assets 192,417 222,618 Funds Unrestricied income funds 192,417 222,618 Total funds 192,417 222,618 The Balance Sheet conlinues on the following page. The notes on p8ge5 10 to 14 lorm an integral p2rt of these financial stgtements. Page 8
Southwark Group Of Tenants Organisation (A company limited by guarantee) Balance sheet {continlled) Trustees statements required by the Companies Act 2006 for the year ended 31st March 2025 In approving these finallcial stateinenl8 as trustees of the company we hereby confinn.. {a) that for ihe year slaied above the company was entitled to the exemption conferred bv section 477 of the Companies Act 2006 . Ib) that no notice has been deposited at the registered office of the company pursuant to section 476 of the Companies Act 2rA)6 requesting rhat an audit be conducted for rhe year ended 3 Isi March 2025. (c) Ihat we acknowledge our responsibilities for= (l) ensuring thai the company keeps proper accounting records which compl). with seciion 386 of the Compai)ie5 Act 2006, and (2) preparing financial staternenrs which give a trne and fair view of the state of affairs of the company as at ihe end of the financi21 year and of its profil or loss for the year then ended in accordance ryth the requireinenis of sections 394 and 395, and ivhich oiheTwise comply with ihe provisions of the Companies Aci relatiiig to financial statements, so far as applicable to Ihe company. These financial staiemenis are prepaTed in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Srandard for Smaller Entities {effeclive April 2008). The financial staiements were approved by rhe irusiees on 28th August 2025 and signed on its behalf by Chris Mer Director (Ch The notes on pages 10 to 14 fonn an integral part of these finan(Yal statements. Page 9
Southwark Group Of Tenants Organisation (A company limited by guarantee) Notes to financial statements for the year ended 31st March 2025 Accounting policies The principal accounting policies al'e summarised below. The accounting policies have been applied consistenily tFkroughout rhe year and The preceding year. 1.1. Statement of compliAnce The finallcial statements have been prep&red in compliance with FRS 102. The Financial Reporting StandaTd applicablc in rhe UK and Republic of IrelaT]d', The Saiement of Recommended Practice applicable to charities Preparing their accounis in accord3n¢e with the Financial Reporting Standard appli¢able in the UK and Republic of Ire1]d (FRS 102) (Charities SORP {FR.S 102)) and rhe Companie5 Act 2006. 12. Incoming resources All incoming resources are included in ihe si&tement of financial activities wlien ihe charity is entitled io the income and (he amount can be qualltified with reasonable accuracy. The following specific policies are applied io particular caiegories of income= Voluntary income is received by way of granis, donations and gifrs and is included in full in ihe biatement of financial a¢iivities when receivable. Grants where entitlement is llot condilional on the delivery of a spccific performance by the vharity, are recognised when th¢ charity becomes unconditionally entitled to the grani. Donated sczvices and facilities are uicludcd Ai the value to the cliarity where Ihis can be quaniified. The value of services provided b)f volunteers has not been included. Gifts donated for resale are included as incoming resources within activities for generating funds when they are sold. Grlis, including grants for ihe puwhase of fixed asse. are recogniscd in full in the staten]eni of financial aciivitie5 in the year in which ihey are receivable. Income from iiivesimenis is included in the year in which it IS Teceivable. 1.3. Resources expended Expenditure is recognised on an accrual basis as a liabiliiy is incurred. Expcnditure includes any VAT which cannoi be fully recovered. and is repolled as pait of the expendicure lo which it relates. Costs of generating fiinds comprise the costs associated 11th aitracting voluniary income and the cosis of trading for fundraising purposes including the charity's tshop. Charitabl¢ expenditure comprises those ¢osTs incUSd by the charity in the delivery of ITS activitics and services for its beneficiaries. It includes boih costs that can be allocated directly to such activities and those costs of an indirecl nalure necessary to support them. Support costs are those cosis incutyed directly in Support of expenditure on thc objects of the charity and include project managen]enl. 1.4. Tangible fixed assets and depreciation Tangible fixed assets are slated at cost les5 accumulated depreciation. Depreciaiion is provided at rates calculated to write off the cost less residual Value of each assei over lis expected useful life. as follows.. Fixtureb, fitlings and equipment 25Yo Reducing balance Page 10
Southm'ark Group Of Tenants Organisation (A company limited by guarantee) Notes to financial statements for the year ended 31st March 2025 Voluntary income Unrestricted n(Ls 2025 Tolal 2024 Total Grants receivable 228.000 228,000 252.000 228.000 228,000 252.000 Activities for generating funds Unrestricted funds 2025 Total 2024 Total Bells Gardens Hall Hire 23.525 23,525 21,570 23,525 23,525 21,570 Investment income Unrestricted runds 2025 Total 2024 Total Bank inieresi receivable 2.693 2,693 2,050 2.693 2,693 2,050 Other incoming resources Unrestrltted funds 2025 Total 2024 Total Other income 869 869 2,174 869 869 2,174 Cost of generating I'oluntary income Unrestricted funds 2025 Tolal 2024 Tolal Activit), 6 Supporl costs 7,311 275,107 7,311 275.107 249,903 282,418 282,418 249.903 Page 11
Southwark Group Of Tenants Organisation (A company limited by guarantee) Notes to financial statements for the year ended 31st March 2025 Governance costs Unrestricted fvnds 2025 Total 2024 Total Accountancy fees Legal and professional fees Bank charges 2,064 746 60 2,064 746 60 2.094 396 117 2.870 2,870 2,607 Analysis of support costs Cosl of generating voluntary Governance income 2025 Tolal 2024 Total Pur¢hases Staff costs Premises expenses Moior and trai'elling cosis Accountancy charges t£gal and professional fees Communication and infonijation technology Oiher office expenses Inierest Payable and 5imilaT charges Deprecialion arhd impainncnt Advertising Conferences and training 245,321 4,561 225 245,321 4,561 225 2,064 4,079 3,382 15,857 212,064 2,166 150 2.094 396 3,390 25.569 117 .161 2.518 1.734 2,064 746 3,333 3.382 15.857 60 871 871 1,557 1,557 275,107 2.870 277.977 252.510 Net (outgoingifmcoming resources for the year 2025 2024 Nel (outgoing}/illcoming resources is stated after charging.. Deprecialion and other amounts wriiten off tangible fixed assets 871 1,161 Page 12
Southwark Group Of Tenants Organisation {A company limited by guarantee) Notes to financial statements for the year ended 31st March 2025 io. Employees Employment costs 2025 2024 Wages and salaries Social security costs Other post retiremeni benefils 223,581 21,740 184,304 16,857 10,903 245.321 212,064 No einployee received emoluments of morc than £60,000 (2024 . None). Number of employees The average monihly numbers of employees (including the Irusiees) during ihe year, Ca1lated on the basis of rull time equii'alenls, was as follows.. 2025 2024 Nun)ber Number ii. Taxation The charity's aclivitics fall wiihin the exetT)plions &fforded by the proirysiolls of the Income and Cory)oraiion Taxes Aci 1988. Accordingly, there is no taxation cli&rge in the.8e accounts. Ftllre rit11gS and equipment 12. Tangihle fixed assets Total Cost At I si April 2024 and At 31st March 2025 20,408 20,408 Depreciation At I si April 2024 Charge for the year 16,923 871 16.923 871 At 31st March 2025 17,794 17,794 Net book values At 3 1st March 2025 2,614 2,614 At 31 si March 2024 3,485 3.485 Page 13
Southwark Group Of Tenants Organisation (A company limited by guarantee) Notes to financial statements for the year ended 31st March 2025 13. Debtors 2025 2024 Trade debtors 90 90 14. Creditor5: amounts fAlling due within one year 20Z5 2024 Other taxes and social security Accrua15 and deferred income 20,873 4,201 6.827 4.201 25,074 11.028 15. Company limited by guarantee Southwark Group or Tenanis Organisation is a company limited by guarantee and accordillgly does not have a share capital. Every member of thc company undertakes to contribuie such #mounT as may be requircd not exceeding £1 to the assets of the chaiilable company in the event of its being wound up while he or she is a member, or within one year after he or shc ccases io be a member. Page 14
Southm'ark Group Of Tenants Organisation (A company limited by gllarantee) The following pages do not forn) 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 2025 2025 2024 Incoming resollrces Incoming resources from generating funds: Volu?Ilaiv iiicome Grants receivable 228.000 252,000 228,000 252,000 Acliviliesfor geiierotingfiinds Bells Gardens Hall Hire 23,525 21,570 21,525 21.570 Invesiinenf incon?E Bdnk inleresl receivablc 2,693 2,050 2,693 2,050 Total incoming resources from generaling funds 254.218 275,620 Other incoming resour% Other income 869 2,174 869 2,174 Tolal incoming resources 255,087 277.794 Resources expended Costs of generAting fllnds: Activity 6 Aclivlty 6 - Establishment - Ralcs & water 7,311 7.311 Si£ppori costs Community fridge purchases Wages & salaries Employer's NIC Staff pension costs Premises, cleaning. upkeep, repairs and insurance Travel. subsistence aJ]d childcare Funding application cost Computer expenses Telephone. printing, posiage and stationeiy Depreciation & inipaimenl Event costs Confercnces and (raining 1,151 184,304 16,857 10,903 2,166 150 223,581 21,740 4,561 225 3,333 3,382 15,857 871 3,390 25.569 1.161 2,518 1,734 1.557 275,107 249,903 Total cost of generating voluntary income 282.418 249,903 Page 16
Sollthwark Grollp Of Tenants Organisation (A company limited by guarantee) Detailed statement of financial activities For the year ended 31st March 2025 Fundraising trading: cost of goods sold and other costs Tolal costs of generating fllnds 282,418 249,903 Page 17
.Southwark Group Of Tenants Organisation (A company limited by guarantee) Detailed statement of financial activities For the year ended 31st March 2025 2025 2024 Charitable activities GoTr'ernance costs Suppoi-l cosfs Accountancy fees Legal and professional fees Bank chargcs 2,064 746 60 2,094 396 117 2.870 2,607 Tolal governance costs 2,870 2.607 Net inconiingl(outgoing) resources for the year (30,201) 25,284 Page 18