LEYS COMMUNITY DEVELOPMENT INrnAT]VE IA COMPANY LIMrrED BY GUARANTEEI TRUSTEES REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Index REPORT OF THE TRUSTEES.... 2. INDEPENDENT EXAMINERS REi>oKf TO THE LEYS COMFAUTrIITY DEVELOPMENT INITIATIVE........ 3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2020................................ 4. BALANCE SHEEr......................................................................-...........-.........................................................-....... NOTES TO THE FINANCIAL STATEMENTS.....-...-...-.--.-.---...-.-....--..........-......-.....-.........-............. 10 Regslered No: 6918476 Regstwed ch￿ No: 1137129 LEYS COMMUNifY DEVELOPMENT INrnATIVE DIRECTORS Sasha East Ichalrl {reappoxited 1 May 2019) Steph Green Ines Kretzs(*mar Penny Wood (resigned 1 May 2018. ￿appO￿lled 1 May 2019) CatheTing M E ChaFMnan (T￿aSurer) (appointed 1 May 2018, fesigned 1 May 2020) Lekh Raj {Treasu￿r 6th May 2020) Mdissa Latchman {app￿nted on 10th Febru*y 2021) Robert Davies (10th February 2021) REGISTERED OFFICE Blackbird Leys Youth & Community Centre OxtNd OX4 6HW INDEPENDETr￿ EXAMINER Cdin Mills CritcNeys Al￿11 LLP Chartered Accountants Beaver House 2>38 Hythe Bridge Street Oxford OX12EP BANKERS Natwesl Bank 121 High Street Oxford OX140D CAF Bank Ltd 25 Kirys Hlll AveTh Kings Hll West MallrKJ Kent ME19 4JQ LEYS COMMUNITY DEVELOPMENT INMATIVE 1. REPORT OF THE TRUSTees Objectives and Activities SORP P¥a 1.17. Summary of the purposes of Ihe charity as Set ￿t in its govemng document To womote ary chartiable purpDses for th8 be￿rrt of th8 Leys. Oxlonl and surrounding area. to relieve poverty and fina￿la1 hardship. and to provide I8￿Ure facilities for indNiduals needing them by reason of youth. age, infirmity, qlisability. rM)verty (ff similar crcumstance5. also to provide education and trauiing faulities. Summary of the main aclfvllles in relation to those purposes for the public benefi( in particular. the aclivilies, projects services identified in the accounts. Pwa.18and 1.19 In the period under review. the main actlvlties undertaken to fwlher the charity's purpose are as follow: In response lo the lockdown at the end of March 2020 sessw)ns were ddNered online or detached. CDI partnered with Wolvercole Young People's Club lo su¢¢essfvlly delNer these w)iecls in the community. The trustees confrm that in making decisions about actNities they have had taken into aCC￿nI the Charity Commissions guidelines on publ￿ benefiL Addltlonal Infonnation (optional) You ma choose lo inGlude further slalements where relevant about.. SORP referer￿e The Leys CDI is almost entirely dependent upon volunteers to supplement the service5 of the paid staff (all part time}. to create the organisalwjns strategy. to line manage the (wam and to wovth frOnU￿e ser￿e5. contri1￿tiOn made by volunteers Para 1.38 Achievements and Performance The CDI'S strengths lie in being kKally focused and working V•ryth and thrOL￿ local nelworks. By pulling togeth￿ the 5k115 arKI Tesources of committed individuals, volunlary organisatK)ns, Local Authorities and the l)usiness sector, it can cross boundaries and explore new ways of V￿kIng. 11 strtves to ensure Ihal ou15ide resources are targeted arKI c0-ord￿a1ed lo serve the genuine needs of the local community, and that the ideas and V•ryshes of local people are fed into wider infrastructure planniryd. The off￿ bases in the Blackbird Leys Youth & Community Centre aThJ in the Clockhou58 hdp il lo achteve these objectives. CDI collabDralgd with Wolvercote Young People's Club lo deliver variou5 online oiects to young people from all over Oxfrydshire. Further detals ¢an be flwnd in the amual report esenled at the AGM. Summary of the main achievements of the harity, idenllfying Ihe difference Ihe charity's work has made to Ihe ircum51ances of its benefiGiaTi8S and any WKler benefits society as a whole. Para 1.20 LEYS COMMUNITY DEVELOPMENT INMATIVE Financial Review Review of the charity's financial position at the end of the period Para 121 The Ch￿ty remalns So￿ent with £66,425 of fund5 in hand {FY1920 29,9601 for the planned actwities. Existing reserves are adequate to cover and continue prowns beyoThJ the short run. The ch￿ty remain5 dgpendenl on continuous Ilow of rants. fees and m￿r0 donations. The policy is to hold reserves to pay for one month of salaries plu5 Statutory redundancy for Ihe slaff. We have used remaining reserves lo keep youth programs going and adapl se55iOn5 to online and detached during the Covid andemic. Total unrestricted funds £10,719 {2019 =£2,267>, Total restricted funds £55 707 2019=27,694 We strongly believe that there is no uncertainty about the ¢haTty ¢ontwiuwig as a going corKem and ￿cOUn1$ are prep¥ed on Ihal basi5. Statement explalnlng the policy holding reserves slating why they are held Paa 122 Amount of reseNes held Explanation of any uncertainties about the charity conlinuirwJ as oin concgrn P•a 122 Part123 Addltlonal infomiatlon lopllonal) You ma choose to incI￿Je further statements where relevanl about: The charity's pryicipal Small Wdnts and donations from individuals and trusts. fee sources of funds income from chwitable activities, rental income from the lincludlng Gkhy hdl and fuThdraK%hYJ a¢tNiltes. fundralsln Investment poliw and objectives IrKluding any social iweslmenl ado ted. P¥a 1.47 The funds we placed wlth BMO Global As5el Management. The truslees are satlsfied trhjw thi5 account is njn and we may ajd more funds lo this reserve. Pwa 1.46 The wncrpal risks are ￿ follows: {il Harm to a benef￿lary In the course of a projecl. {ii) Reputation damage caused by a￿lon of outsefves. associate or similar organisation. (iii) Loss of sup[￿froM Calalysl or Oxford City council and loss of use of tKemises for CloCkP￿se and Glow Hal. Urrable lo recmil tru51ee5 or volunteers. The Development Worker for the Clockhouse Project is established in thw role and has built a very good relationship y￿th the user group. The project t5 now re slwting the in person ￿0upS after the Itfting of Covid restrictsons. This follows a successful Covid plan using online. telephone and do￿step support. The Charity Man4Er has implemented a lurJJraising plan has recyuited a Youth Project Development Manager, a Lead Youth Worker and wil be appolnting a Youth Project Worker. Both the Clockhwse Development Worker the Charity Manager have bult a good vffjrking ￿lationShIP with the Tnjslees, and key SUpP￿1erS like Calalysl, Oxford City and Cwnty CcHJncd. All Trustees are pleased with their Ferformance arKI supporting them where Ilw require idance. We worked with Wolver¢ote Young People's Club lo deliver youth programmes online during Covid st￿10￿ arKt aim towork in simlw projects btheTe we can share resources elc. Other aims for ihe year are to expand and develop the Youth Proigct, p*tner wilh other groups to fund and deliver a p¥ental support projecL ￿Crease multiple year funding support arKJ inuease the Adrnini$tralive support for th8 A description of the principal risk$ faclro the charity- Para 1.46 Plans for the Future LEYS COMMUNITY DEVELOPMENT INMATIVE Structure, Governance and Management Type of goveming document Par4 1.25 Memorandum aThl PJlkles of Association How Is the ¢harity constituted? Para 1.25 A Ch￿itable company limited by swarantee Trustee methods details of conslllulional provlslons e.g. election lo post or name of any person or body enlilled lo appolnl one or more trustees selection Including ￿Y Para 1.25 Most of the Irustees are local and all currently have qualifKalions eXper1er￿ in youth work, wdect management. publ￿ seNice or finance. Trustees serve for three years. Most trustees donale $i￿1r￿n1 time outside Declarations The trustees do¢lare that they have approved the trust••s' rnport abov•. 51gned on bohalf of the charfty's tnNlees Slgnature(s) Full name(sl Posltlon leg Secretary. Chalr. etc) IyL4s*cc Sove 07. 11.2041 LEYS COMMUNrrY DEVELOPMENT INinATIVE 2. INDEPENDENT EXAMINERS REPORT TO THE LEYS COMMUNrrY DEVELOPMENT INITIATIVE I report to Ihe charity trustees on my examinatK)n of ihe ¥cwnts of Ley5 Crrfnrnunity Development lnillat￿O (the Company) for the year ended 31 March 2021. whlch are sel out on pag85 8 to 14. Responslbllitlgs and basls of report As the charlVs Iruslees of the company (and also its drectors for the wrpos95 of company lawl you are responsible for the preparation of the accounts in xctydar￿e wlth IF* reqU￿eMentS of the Companie5 A¢1 20061'the 20r￿ Aci.). HavirwJ satisfie(i myself that the a￿Unts of the company we not required lo be audited urKler Part 16 of the 2006 Acl and are eligible for independent examinat*￿. I report in respect of my eXam￿allOn of YDUT charity's accounts as carried out under section 145 of the ch￿1￿ Act 2011 (the '2011 Acl'>. In Gary￿g out my examination I have follow￿ the Dlre¢l*)ns by the Charity Commisslon under ¥ectvJn 145151(bl of the 2011 Act. Independent •xaminoVs raport I have cornpleled my examination. I C￿nr￿M Ihat M matters have come to my attenliDn in connection with the examination gNing me cause lo believe: 1) accwnting rttords w¥e nol kept in respect of the Company a5 wuired by section 386 of the 21x16 Act,. or 2) the accounts do rwjt accord Tmih those acc￿nting reMrds: 3) the accounts do not comFAy th the accounlw19 requ*emenls of section 396 of the 2006 Act other than any requirement that the accounts give a and fairf view Wh￿ is not a matter considered as part of an Independenl exarnination- or 4> the accounts have not b8en wepared in aCcOrda￿e with the methods *KI principles of the Statement of RecomM￿ded practice for xcounling and reporting by ¢harilie$ applicable to charllies preparing the accounts In accordance with tho Financial Report￿￿ Stsndard applicable in Ihe UK and RepubNc of Ireland IFRS 102). I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name of examlner: Colin Mills Name of firm: Crilchleys Audit LLP Relevant professional body- Irtstitute of Chartered Accwntants in England and Wales Address.. Beaver House. 2&28 Hythe ￿ge Street. Oxford, OX12EP 8 November 2021 **LEYS COMMUNITY DEVELOPMENT INITIATIVE** 7 ## **3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021** |**Note**
**INCOME**
**Grants and donations**
Other Grants and Donations
**Income from Charitable Activities**
Project activities
Investment Income
**Total income**
**EXPENDITURE**
**Costs of raising funds**
**Expenditure on Charitable activities**
Project-related activities
3
**Total expenditure**
**Net income (loss) before investment gains**
Investment Gain
Transfer
**NET INCOME AND MOVEMENT IN**
**FUNDS**
**Reconciliation of funds**
**Total funds brought forward at 1 April**
**Total funds carried forward at 31 March**|**Unrestricted**
**and**
**Designated**
**funds**
**Restricted**
**Income**
**funds**
**31 March**
**2021**
**31 March 2020**
**Totals**
**Totals**
**Totals**
**Totals**
**£**
**£**
**£**
**£**
12,487
68,458
80,945
51,585
333
0
333
21,913
124
0
124
164| |---|---| ||**12,944**
**68,458**
**81,402**
**73,662**
(5,998)
(40,446)
(46,443)
(99,492)| ||(5,998)
(40,446)
(46,443)
(99,492)
**6,946**
**28,012**
**34,959**
**(25,830)**
1,507
0
1,507
(411)
**8,453**
**28,012**
**36,466**
**(26,241)**| ||**2,266**
**27,694**
**29,960**
**56,201**
**10,719**
**55,706**
**66,425**
**29,960**| Movements in reserves and all gains and losses recognised in the year are shown above. LEYS COMMUNrrY DEVELOPMENT INMATIVE 4. STATEMENT OF FINANCIAL ACTIVrnES FOR THE YEAR ENDED 31 MARCH 2020 31 March 2020 Totals ds Totals Tota15 INCOME Grdnts and donatlons Blg Lottery Fund Other Grants and Donat￿￿$ Income from Charltable Actlvltles Project aclivilie5 Investment Income 1.567 50,017 51,585 11.527 164 10.386 21.913 164 Totsl Income 13258 60,403 73,661 EXPENDITURE Costs of raising funds Expendltur• on Charltatsl• ￿lmU•5 ProjeGt-rglaled activities Total expendllure N•t Incffj• {lossl b•forn ln¥•strn￿gaInS Investment (loss) Transfer NET INCOME AND AIOVEMENT IN FUNDS 18.0371 181,4551 118.0371 181,4551 14,7791 121.0521 14111 99,4921 199,4921 125.831) 1411) 5.1901 121.05 26,24Z Reconclllatlon of fundg Tolal funds twht fofyva(d 811 7.457 48,744 56,201 Total fvThl$ carrled fonvard at 31 I1￿h 2.267 27.692 29.959 LEYS COMMUNITY DEVELOPMENT INMATIVE S. BALANCE SHEEr LEYS COMMUNrrY DEVELOPMEKf INMATIVE (Cornpany No 6918476) BALANCE SHEET AS AT 31 MARCH 2021 2021 2020 FIXED ASSETS Investments Tangible assets 7.862 6.354 7.862 7.448 CURRENT ASSETS Debtors Cash al bank and in hand 1,062 72,386 73,448 187 29,265 29,452 LIABILMES: Credllors falllng due wilth one ye NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABIUTIES NET ASSErs 114,8851 58.563 66,425 66.425 22.512 29,960 29.960 The FUNDS OF THE CHARrrY Unrestricted fund5 Restrlcled funds 10,719 55.705 66.424 2,266 27.694 29.960 coMpa￿eS r8glm8 uThJer Cryarle5 Acl 2(#)6. Fw the y•ar 8r•Jed 31 Mareh 2021 eXry1K￿ frnm aK*twMl8r58cUm47701 the Compa1￿e5 Act 20C6 r￿a￿r￿j to Smal Dlr¢¢l(n' vegponslblllu membws love not req￿Id lh• t¥)mpay to Sjrts yearlTh araytsnca h section 476 a¢e4)urslng reo]rd5 and the wepaRb"on 01ac￿￿nIS Approv￿1 and au*ths&l lor1M￿ by tr* t*)wd M 7 111 r2021 aThJ siw tffi its bdowby Mrs S East Chairman 10 NOTE8 TO THE HNANCIAL STATEMENTS 1. ACCOUNTING POLICIES Basls of prepaTlng the finandal statements The financial slalements have been prepared in aD￿rdanGe with the Slalement of Recommended Practi￿. Ac¢ounllng and ReportirvJ ty Charities appliCa￿e to charities prepwing their accounts in accordance wlth the Financlal Reportyng Standard appliCat￿e in the UK and RepubliG of Ireland IFRS 102), and wlih the Charities Acl 2011 and the Companies Act 2006. The ffinancial Statements have been prepared under the hlstorlcal cost Convention, except for fixed asset investments. which are shown al market vabje. The compary meels the definition of a put￿￿ en￿ty under FRS 102. Assets arKI liabilities ￿e initialy re¢ognlsed al historical Cost or transaction wa￿9 unless otherv*ise sL3ted in the relevant accounting policy note. 31) Income Incorne generally is recogni5ed when the dwity ha5 enlitTemenl lo the funds, any performance conditions attached lo the funds have been met, il 15 &xobable that the income will be recerved, and Ihg amount can be Measured reliably. Credit is taken for dona¢K￿5 and i)ther iT￿e on the fL**ving basvJ: Donations recelved, induding irKwe lax recoverable. Interest and other investments cffl an accru* basis. Grants receivatAe on an ac(¥u* basi5. Capital grants are credited to the Slalemenl of Activilies in the year whith they are received. Deprecialion of the assets Is charged in Ihe Statement of Financral Activit￿ eath year. b) Expendlture Expenditure is recognlsed In the accounts 0￿￿e a legal or constructive obligatlon wses to make payment to a third party, il is probable that settlement will be required. and the amount of the oblh>tion Can be measured reliably.11 is included on an acc*ua15 ba515, together with WTecoveraLqe VAT. PJI support costs are allocated lo the sde charitable acliwty. as11 is conside*ed the charity canTr)I cary out ils work wlthout In¢uffing these costs. c) Depreclatlon Assets of a capital nalLre are shtr*n as fixed asset5 aryj d8prec4aled over expected Ilves. as fc4lows". Equlpmenl 33.33% stratht line Indfvidual items of£5(X) and bdow are ￿lIten off in the year of ￿￿chase. dl Investments Inveslments held as assets are sLiled al market value al the balance sheet date. 91 Restrlcted Funds and Unrestr1cl￿ Funds The charity held only restricted funds al 1slApr￿ 2011 wh&n the a5selsand liabNilies of the fc*mer unincorporated harily were transferred in. and throu￿C￿rt the six SLthsequenl years. In the year to 31*1 March 2019 unrestricled funds were created lo allow for the creation of a contingency fund for staff empbyed longer than the lrfelime of a grant and to hold unrestricted grants for bnger before allocating lo prosrams. fj Golng Concem The Charity manager was emph)yed In November last year aTvJ has provided the charity wilh the muGh-needed boosL She has secured fuThling lo ensure ywth athities for at least for 24 month5, £87k ha5 been secured since 1¥1 April 2021 and some grants are fc* two year5. Catatysl Housing also wovided £10k lo contribute low?rd5 the cosl of the Charity Managef for the second ye¥. Trustees are provKled with finarKial slalemen15 in every meeting. The Charity Manag¥ has Implemenled a Fundraising Plan to setrjre funding on a 24-monlh basis going forward. The Clockhouse Project's dosing position was £26k and il secured an extended tsvo years on the grant from Ihe Oxford City Council enabling lo plan arKI deliver activities for next 12 months,. the main 05t being the salary of a part tlme Proiecl WoTker. There is a pywamme of funding application in place specrficalty for the Clockhouse ProFct wilh £10,5CW) dready secured. We strongly believe that there is rK) uncertainty about the charity continuing as a g)ing wi¢em accounts are prepared on that basis. LEYS COMMUNrrY DEVELOPMEKf INMATIVE 11 2 NET INCOMEIEXPENDITURE FOR THE YEAR The net income l expenditu￿ ts Ihe Y￿ is slaled after 31-PAar-21 31-Mar-20 Examiners Remun8ration Depreciation Rent & Rale 960 1.243 7.040 1.094 The Glow Hall and the CD Office in the cOM￿￿nity Centre V•Ere not accessible from April 2020 to March 2021 so no Renl and Rate 15 applicable for this per￿￿. 3 CHAR￿ABLE ACTIVMES FOR THE YEAR 31-Mar-21 Restricted Unrèstri¢ted Total 3141¥-20 1 Di￿1 Project Actiwties Equipment Dep￿atIOn Running Costs Wages Govemance Costs L al and Professional Total 9.238 1.298 10.535 14,104 1.243, 29.096 | 53,2T2 1.7771 6.983 21.455 1.675 2.881 9,864 830 22.285 2,665 5.998 46,444 99.492 4 STAFF COSTS FOR THE YEAR- 31￿ar-21 31-Mar-20 Salaries Staff training, recruilment and other costs Ernployers National Insurance Total 22,042 52.254 243 532 22.285 51272 Total staff employed for the year 1.1 Full Time Equivalent (2020 1.7 Full time Equivalent). No employees, ernoluments exceeded £60,000 in the year. The management personnel were the trustees supported by the charity rnanager (2020 just the trustees). There were no related party transactions or material donations in either year. Expenses £577 was reimbursed to trustee who covered unavoidable costs while a debit card was being replaced. in the previous year there were no expens8S. LEYS COMMUNifY DEVELOPMENT INITIATIVE 12 5 FIXED ASSET INVESTMENTS 31-Mar-21 31-Mar-20 F & C Stewardship Responsible UK and Global Equlty Fund unlts At 1 Aprll 6.766 Liquidation Revaluation gai At 31 March 411 6.355 6 TANGIBLE ASSETS 314Aar- 31-Mar-21 31-Mar-21 Equipment Cost At 1 April Additions in year Disposals in year At 31 March Depreciation At 1 April Charge for the year Disposals in year At 31 March Net Book Value At 31 March 2021 At 31 March 2020 27.613 27,613 27,613 27.613 27.613 26,518 26,518 25,275 1,095 1.243 1.094 LEYS COUMUNrrY DEVELOPMENT INMATIVE 13 7 DEBTORS 31-Mar-21 31-Mar-20 Totsl Total Grants Debtor Rental Debtors HM Revenue and CuStL￿S Total 1062 187 1062 187 8 LIABILITIES: CREDITORS FALUNG DUE ￿THIN ONE YEAR 31-Mar-21 Total 31411ar-20 TOL HM Revenue and CustrAms Accounts Payable Income in advanc8 Other Creditors Total {677) 476 2.500 4,641 25D 10.000 4.634 14,884 LEYS COMMUNrrY DEVELOPMENT WMATIVE 14 9 RESTRICTED FUNDS Movements for the year ended 31 March 2021 Funds 01-Apr- 20 Income Expendlture Transfer 31-Mar- 21 Clockhouse Project Future Proofing CDI Creatively Clever: CDI Youth Other Projeds: CDI Youth Young Women's Project Holiday Projects Motivate: CDI Youth Restrlcted fvnds 23,573 24.593 25.500 12.141 19.020 6,691 12,141 29.146 18.809 4.725 3,631 2.845 1.274 2,845 1,274 1.5CM) 27,692 68N59 1.500 55.705 Movements for the yoar ended 31 March 2020 Funds 01-Apr- 19 31-Mar- Income Expendlturn Transfer Holiday Projects Temi time Activities Young Women's Projects Clockhouse Pmj8Ct Restrlcted funds 3,534 31.653 5.054 2.961 100 35,203 23,594 48.744 60.403 -33.913 -12.102 -216 -35,224 1.455 1.274 2.845 23.573 27,692 10 ANALYSIS OF NET ASSETS BY FUND 31-Mar-21 Unrestricted Restricted funds funds Total 2021 Fixed Assets Net Current Assets 7.863 47.842 55.705 7.863 58.561 66.424 10.719 10,719 31-Mar-20 nds fvnds Total 2020 Fixed Assets Net Current Assets 6.354 21.340 27.694 7,448 22,512 29,960 1.172 2.266 LEIS COMMUNITY DEVELOPMENT INMATIVE 15 10 Company Informatlon Leys Community Development initiative is a company incorporated in England and with its registered office at Blackbird Leys Youth & Comrnunity Centre. Blackbird Leys Road, Oxford OX4 6HW, England: it is limited by guarantee and as such does not have any issued share caFMlal. In the evenl of a wnding up. the Irustees members of the management committee are each required to contribule £1.