LEYS COMMUNITY DEVELOPMENT INITIATIVE IA COMPANY LIMITED BY GUARANTEEI TRUSTEES REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Index REPORT OF THE TRUSTEES............................................................................. INDEPENDENT EXAMINERS REPORT TO THE LEYS COMMUNITY DEVELOPMENT INITIATIVE........ 3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022................................ BALANCE SHEET...................................................................................................................................................... NOTES TO THE FINANCIAL STATEMENTS......................................................... 10 R&gisl&red No: 6918476 Registered Charity No.. 1137129
LEYS COMMUNITY DEVELOPMENT INITIATIVE DIRECTORS Sasha East Ichairl Sleph Green (Resigned on 28th July 20211 Ines Krelzschmar Prof. Denise Morrey-carler Penny Wood Lekh Raj Melissa Lalchman Rob8rt Dawes Deborah Mcilveen Nicholas Watls (appointed on 161h June 20211 REGISTERED OFFICE Blackbird Leys Youth & Community C8ntre Blackbird Leys Road Oxford OX4 6HW INDEPENDENT EXAMINER Colin Mills Crilchleys Avdil LLP Chartered A¢counlanls Beave¥ House 23-38 Hylhe Bridge Street Oxford OX12EP BANKERS NaiW@sl Bank 121 High Slreel Oxford OX14DD CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesi Malling Kent ME19 4JQ
LEYS COMMUNITY DEVELOPMENT INITIATIVE 1. REPORT OF THE TRUSTEES Objectives and Activities SORP r•18r8nce Para 1.17, Summary of the purposes ol th8 charity as sel out in ils governing document To promote any charitable purposes lor the benefit ol the Leys, Oxford and surrounding area, to relieve poverty and financial hardship, and lo provide leisure facilities lor individuals needing them by reasc>n ol youth, age, inlirmily, disability, poverty or similar ¢ircumslanc8s, also lo provid8 education and training lacililies. Summary ol the main aclivilias in relation lo Ihoso purposes lor tho public benefit, in particular, the activities, projects or services identified in the accounts. Para.18 and 1.19 In the pgriod under review, the main activities undertakgn lo further the charity's purpose are as lollow. Lays GDI run term lime and holiday youth projects dcsigncd to meet the noeds ol young people living in the Leys. Th8 charily also run the Clockhouse project, designed lo meet the needs ol those over 50 from the Leys. The money raised by the charity manager through various grants, lundlaising aclivilies, and volunteers. efforts provide th8 resource lor both programmes. Th8 Iruslees confirm that in making decisions about activities they have had taken into account the Charity Commissions guidelines on public benelil. Addlllonal Informatlon loptlonal} You ma choosg to includE lurlhor slalgments whero relovant about.. SORP relerenca The L8ys CDI is almost entirely dependent upon volunteèrs lo supplernenl the services of the paid stall (all parl limel, lo creale Ihg organisations strategy, to line manage the program and to provide frontline services. Contribution made by volunteers Para 1.38 Achievements and Performance SORP ret6rerKe In terms ol The Clockhouse Project, we have worked with our members partner organisalions lo safely deliver groups and activities with an aim to tackle loneliness and isolation amongst local people aged over 50 years. Summary ol the m81n achievements of the charity, idenlilying the difference the charity's work has made lo the circumstances ol ils beneli¢iaries and any wider bfjnelits lo society as a whole. Para 1.20 The Youth Project has delivered 4 lerin lime youth sessions a week lor young people aged 9 to 18 years including Young Women's Group, Gaming Night, Friday Drop in and Homework Club, alongsidg the lull programme ol holiday acliwlie5- all ol which are designed lo support young people lo make friends. try new aclivilies, develop and share Iheir ski11s with the aim ol increasing ¢onlidence and mental wellbeing. We hava worked with partners including tha University ol Oxford, IF Soience, Culham Science Genlre and others to deliver high qu81ity workshops and activities.
LEYS COMMUNITY DEVELOPMENT INITIATIVE Financial Review Review ol the charity's financial position al the end ol the period Para 1.21 The Charity remains solvent with £137,936 01 funds in hand IFY2021 £66,426) lor the planned aclivilies. Existing reserves are adequate lo cover and continue programs beyond the short run. The charity remains dependent on a continuous flow of rants lees and micro donations. The policy is lo hold reserves lo pay lor one month ol salaries plus slalulory redundancy lor the stall. We have used remaining reserves lo keep youth programs going and adapt sossions lo online and detached during the Covid andemic. Total unreslricled funds £11,779 12021 £10,719), Total reslricled funds £126,157 2021 55,707 We strongly believe that there is no uncertainly about Ihe Charity ¢onlinuing as a going concern and a¢¢ounls ar& prepared on that basis. Sialemenl explaining the policy lor holding reserves slating why they are held Para 1.22 Amount ol reserves held Explanation ol any uncertainties about the ¢harily continuing as a oin concern Para 1.22 Para 1.23 Additional informalion loptionall You ma choose lo include further slalemenls where relevant about- Th& charity's principal Small grants and donations from individuals and Irusls, f&e sources ol funds incom6 from charitable aclivilies, rental income from the lineluding any Glow hall and fundraising aclivilies. lulldraisin Investment policy and objectives including any social investment olic ado led. Pwa 1.47 The funds are placed with BMO Global Asset Management. The IrLJslees are satisfied how this account is run and we may add more funds lo this res&rve. P*a 1.46 The principal risks are as follows- lil Harm lo a beneficiary in the course ol a project. lill Reputation csamage caused by action ol ourselves, an associate or similar organisalion. liiil Loss ol support from Calalysl or Oxford City council and loss ol use ol premises lor Clockhouse and Glow Hall. Unable lo recruit trustees or volunteers. The Clockhouse Project has worked through a phased return ol groups and activities with an aim lo reinslale the weekly programme. This has been completed in line with the relevant covid19 risk assessments lo ensure the health and wellbeing ol members, volunteers, and stall. A description ol the principal risks lacing the charity. Para 1.46 Plans lor the Future The Youth Project will look lo increase term lime sessions 10 5 a week and increase the input ol our young people in the d&sign ol these s&ssions. There are outreach programmes in place lor both the Clockhouse and Youth Project which are designed lo reach those in the community who have not returned lo Leys CDI projects since Covid lockdowns and lo new r&sidenls who are not yel engaged with the projects. Future plans include securing a new premises lor Leys GDI ollice and youth project following the demolition ol the community Genlre al the end 012022.
LEYS COMMUNITY DEVELOPMENT INITIATIVE Structure, Governance and Management Typa ol gov8rning document Para 1.25 hrtèmorandum and Arti¢18s ol Association How is tho charity consliluled? Para 1.25 A charitable company limited by guarantee Truslsè selection elhods including delails ol any constitutional provisions e.g. election lo post or name ol any pèrson or body enlilled to appoint one or more Iruslees Pava 1.25 Most ol the l¥usle&s are local and all currently havg qualilicalions and experience in youth work. project management, public service or finance. Trustees serve lor three years. Most Iruslees donate significant time oulsiée meeting8 Declarations Tha trustees declare that they have approved the truste&s' report above. Signed on bèhalf of the charity's Iruslees Slgnature{sl Full name{sl Position {eg Secretary> Chalr, etc) LFKH 7AJ Date
LEYS COMMUNITY DEVELOPMENT INITIATIVE 2. INDEPENDENT EXAMINERS REPORTTO THE LEYS COMMUNITY DEVELOPMENT INITIATIVE I report lo the charily Iruslees on my exarllinalion ol the accounts ol Leys Community Development Initiative Ilhe Company) lor the year ended 31 March 2022 which are sel out on pages 7 10 15. Responsibilities and basis of report As the charity's Iruslees DI ihe company land also ils directors lor the purposes ol company lawl you are responslble lor the preparallon ol the accounts in accordance with the requirements of the Companles Act 20061'lhe 2006 Acl'l. Having satisfied myself that the accounts of the company are not required lo be audited under Part 16 01 the 2006 A¢1 and are eligible lor independent examination, I report in respect ol my examination ol your charity's accounts as carried out undèr SBclion 145 01 the Chariti8s Act 2011 Ilhe '2011 Ael'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 14515llbl ol th8 2011 Act. Independent examlner's report I have ¢ompl8led my examination. I confirm Ihal no mallers have Come lo my attention in connection with the examination giving me cause to believe.. 11 ac¢ounling records were not kept in respect ol the Company as required by section 386 01 the 2006 Act., or 21 the accounts do not accord with Ihose accounting records,, or 31 the accounts do not comply with the accounting requirements ol section 396 01 the 2006 Act other than any requiremenl that the accounts give a 'lrue and fair. view which is not a maller consid8red as part ol an independent examination. or 41 the accounts havé not be8n prepared in accordance wilh the methods and principles ol the Slal&menl ol Recommended practice lor accounting and reporhng by charities applicable lo charities preparing their accounts in accordance with the Financial Fleporting sIdard applicable in the UK and Republic ol Ireland IFRS 1021. I have no concerns and have come across no other mall&rs in connection with the &xamination lo whi¢h all8nlion should be drawn in this report Ill Drder to enable a proper understanding ol the accounts lo be reached. Name of examlner.. Colin Mills Name of firm: Crilchleys Audit LLP Relevant prolessional body: Inslilule ol CharlÈr@d Accounlanls in England and Wales Address: Beav&r House, 23-28 Hylhe Biidge Slrsel, Oxford, OX12EP Date: 14 October 2022
LEYS COMMUNITY DEVELOPMENT INlnATIVE 3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022 Unr6strlcled and Deslgnated lunds Restrlcted Incorne funds 31 March 2022 31 March 2021 Totals Totals Note Tolals Totals INCOME Grants and donatlons Other Grantg and Donatlons Incomè from Charltablè Aetlvlties 9,032 188,779 197.811 80,945 Project activities 5(X) 500 333 Inveslmenl Income 116 116 124 Total Income 9,148 189,279 198.427 81.402 EXPENDITURE Costs ol ralslng funds Exp6ndlture on Charltable acllvltles Projecl-relaled aclivilies Total expendlture N61 income1108sI b8fore Investment galns Inveslm8nl Gain Transfér NET INCOME AND KIOVEMENT IN FUNDS 18,7681 1118,8291 1127,5971 18,7681 1118,8291 1127,5971 380 70,450 70,830 680 146,4431 146,4431 34.959 1,507 680 1,060 70,450 71,510 36,466 Reconclliatlon of funds Total funds brought forward ai 1 Aprll 10,719 55,707 66,426 29.960 Toial fLsnds eatrled forward at 31 March 11,779 126,157 137,936 66.426 Movements in reserves and all gains and losses recognised in the year are shown above.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 4. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021 Unrestrlcted and Deslgn8ted lunds Totals Resli5ded InGoTne *unds Tolals 31 PAgrch 2021 Totabs Note INCOME Grants and donatlons Big Lot18ry Fund Other Grants and Donations Income from Charitable Adlvllles Project activities Inveslrnent Income 12.486 68.459 80,945 333 333 124 124 Total Income 12,943 68,459 81,402 EXPENDITURE Costs of ralslng funds Kpendltvre on CharltablÈactlvlllÈs Projecl-relaled activities Total expenditure Nel income Ilossl before Investtnent gglns Investment Gain Transfer NET INCOME AND MOVEMENT IN FUNDS 15,9981 140,4451 15,9981 140,4451 6,945 28,014 1,507 146,4431 146,4431 34,959 1,507 8,452 28,014 36,466 Reconciliation of funds Total funds brought forward at 1 April 2,267 27,692 29,960 Total lunds carried fo¥ward al 31 March 10,719 55,706 66,426
LEYS COMMUNITY DEVELOPMENT INITIATIVE 5. BALANCE SHEET LEYS COMMUNITY DEVELOPMENT INITIATIVE (Company No 69184761 BALANCE SHEET AS AT 31 MARCH 2021 2022 2021 Note FIXED ASSETS Ir)veslments Tanglble assets 8,543 1.162 9,705 7,862 7.862 CURRENT ASSETS Debtors Cash at bank and in hand 594 1.062 72,386 73,448 131.279 131.973 LIABILITIES.. creditors lallino due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS 13,7421 114,8851 128.231 58,563 137,936 66,425 137.936 66,425 THE FUNDS OF THE CHARITY Unreslricled funds 11,779 126,157 137.936 10,719 55,706 66.424 Reslrioled funds The financial slaletn£nls are prepared in accordanG8 1h Ih8 provisio[ applicable lo cornpanies subigGt lo Ihe small Companies reyime under Companies Aci 2006. F(w the year ended 31 March 2022 the company w3s enblled to exemption from audil under s8Glion 477 ol the Companies Aci 2006 rèlalinu to small companies. Dlreclors, responslbllltl8S: The members have Th)t required the company lo obtain an audit of its accounis for the yèar in queshon accordancè wllh $8cilon 476 The directors aCknO6dge theii responsibilltie5 lor complylng wlh the reqwremenls ol the Acl th respect to ac¢oullling records and the preparation ol attounls Thése accounts have prépared In accordance wlh the provisions applicable lo comrk)nies suLyecl lo the wall companies. regime. Approvod auihorisad lor ISS by Ihe bo*é ON 14 10912022 and sion&d on its behalf by Mrs S East Chairman
10 6. NOTES TO THE FINANCIAL STATEMENTS 1. ACCOUNTING POLICIES Basis ol preparing Ihe flnancial siatemenls The financial slalemenls have been prepared in accordance with the Slalement ol Recommended Practice.. Accounting and Reporting by Charities applicable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepblIC ol Ir81and IFRS 1021, and with the Ch¢irili6s Act 2011 and the Companies Act 2006. The financial statements have been prepared under the historical cost cjnvenlion, 8xcepl lor fixed asset inveslm8nls, which are shown at market Vale. The company meets Iho delir)ilion ol a public 8nlily under FRS 102. Assets and liabilities are initially recognised al hisloricat cost or transaction value unless otherwise slated in the relevant accounting policy nole. a) Income Income genérally is recognisad when the charity has entitlement lo the funds, any performanoe conditions allached lo the funds have been mel, il is probable that the income will be received, and Ihe amount ¢an be me8gured reliably. Credit is taken lor donations and other income on the following basis= Donations received, including incomo lax r$¢overablo. Interest and other investments on an accruals basis. Grants receivable on an accruals k)asis. Capital giants are credited to the Statsmènl ol Financial Aclivi118s in the yaar which thèy ale rec&iv6d. Dewecialion ol the assets is charged in tho Statement ol Financial Aclivilies tsach year. bl Expendlture Expenditure is recognised in the accounts once a legal or conslruclive obligation arises lo make payment lo a third paty, il is probable that selllemenl will be required, and the amount ol the obligation can be measured reliably. It is included on an accTuals basis. togolher with irrecove¥ablo VAT. All support costs are allocated lo the sole charitable aetivity, as il is considered the charity cannot carry out ils work wilhoul incurring these costs. cl Depyeclatlon Assets of a capital nature are shown as fixed assets and depreciated over expeoted lives. as follows.. Equipment 23.33¥0 Straight line Individual items of £500 and below are wrillen oll in the year ol purchase. d} Investments Investments held as lixed assets are slated al market value at the balance sheet date. el Restrlcled Funds and Unreslricted Funds The charity held On Yeslricled funds al1 S% April 2011 when the assets and liabilities ol the former unincorporated charity were transferred in, and throughout the Six subsequent y6ars. In th8 year lo 31 $1 March 201 S Iwo unreslricled funds were created lo allow lor the creation ol a contingency fund lor stall employed longer than the lilelime ol a grant and lo hold unreslricled grants for longer before allocating lo programs. fl Golng Concern No material uncertainties thal may CBSI significant doubl about the ahilily of the company lo continue as a going concern have boen identified by the directors.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 2 NET INCOMEIEXPENDITURE FOR THE YEAR The nel income l expendilure lor tho year is slated aller charging 31.Mar.22 31-MaTr21 Examiners Remuneration Depreciation Rent & Flate 1,080 280 9,936 990 1,094 3 CHARITABLE ACTIVITIES FOR THE YEAR 31-Mar-22 Restrlcted Unrestri¢ted Total 31-MaY-21 Direct P¥ojecl Activities Equipment Depreciation Running Costs Wages Governance Costs Le al and Pyolessional Total 31,292 659 31,951 10,535 280 14,803 70,879 1,575 280 5,744 20,547 2,201 73,080 113 1,688 52 52 8769 127598 1,094 9,864 22.285 2,666 118829 4 STAFF COSTS FOR THE YEAR - 31-Mar-22 31-Mar-21 Salaries Staff training, recyuitmenl and other costs Employers Nalional Insurance Total 73,080 22.042 414 243 Total slafl employed lor the year wore 2.0 Full Time Equivalent 12021 1.1 Full time Equivalenll. No employees. emoluments exceeded £60,000 in the year. The management personnel were the truslees supported by the charity manager in both years. There were no related party transactions and there were no reimbursements lo Iruslees in both years.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 5 FIXED ASSET INVESTMENTS 31-Mar-22 31-Mar-21 F & C Stewardshlp Responslble UK and Global Equlty Fund unlts At 1 April 7,862 6,355 Liquidation Revaluation gains At 31 March 680 8,542 6 TANGIBLE ASSETS 31-M8r- 21 Total 31-Mar-22 31-Mar.22 Equipment Tolal Cost At 1 April Additions in year Disposals ir) year Al 31 March Depreciatlon At 1 April Charge for the year Disposals in year Ai 31 March Net Book Value Al 31 March 2021 Al 31 March 2022 27,613 1,442 27,613 1,442 27,613 29,055 29,055 27.613 27,613 27,613 26,518 280 280 1,095 27,893 27,893 27,613 1.162 1,162
LEYS COMMUNITY DEVELOPMENT INITIATIVE 13 7 DEBTORS 31-Mar-22 31-Mar-21 Totsl Tolal Granls Debtor Rental Debtors HM Revenue and Customs Total 694 1 ,062 694 1,062 8 LIABILITIES: CREDITORS FALLING DUE WITHIN ONE YEAR 31-Mar-22 Total 31-DAar-21 Total HM Revenue and Customs Accounts Payable Income in advance Other Creditors Total 413 897 250 10.000 4,634 2,432 3,742
LEYS COMMUNITY DEVELOPMENT INITIATIVE 9 RESTRICTED FUNDS Movements lor Ihe year ended 31 March 2022 Funds 01-Apr- 21 31-Mar- 22 Income Expendlture Transfer Future Proofing CDI Clockhouse Project Holiday Project Other Projects.. CDI Youth Other Projects.. CDI Youth Projects Phoenix Rising Group Young Women's Project RestriGted funds 18.809 11.949 29,146 22,793 1,276 30,918 19,608 19,587 27,676 11,150 32,352 4,518 3,631 13,304 3,976 12,959 0 106,702 38 2,845 3,575 55,707 189,279 43,557 83.145 38 1,995 126,157 4,425 118,829 Movements for the year ended 31 March 2021 Funds 01-Apr- 20 31-Mar- 21 Income Expendlture Transfer Future Proofing CDI Clockhouse Project Creatively Glever: CDI Youth Holiday Projects Other Projects.. CDI Youth Molivale: GDI Youth Young Women's Project Restrlcted funds 25,500 23,573 24,593 12,141 6,691 19,020 12,141 18,809 29.146 1 ,276 1,276 4,725 1,500 1,094 1,500 3,631 2,845 27,694 68,459 2,845 55,707 40,446
LEYS COMMUNITY DEVELOPMENT INITIATIVE 15 10 ANALYSIS OF NET ASSETS BY FUND UnrÈstricted Restrlcted fund5 funds 31-Mar.22 Total 2022 Fixed Assets Nel Current Assets 9,705 116,452 126,157 9,705 128,231 137,936 11,779 11,779 Unrestricted Restricted funds funds 31-Mar-21 Total 2021 Fixed Assets Nel Current Assets 7,863 47,844 55,707 7,863 58,563 66,426 10,719 10,719 10 Company Informatlon Leys Community D8velDpment initiative is a company incorporated in England and with ils regislered ollice al Blackbird Leys Youth & Community Centro, Blackbird Leys Road, Oxford OX4 6HW, England.. it is limited by guarantee and as such does not have any issued share capital. In the event ol a winding up. Ihe trustees members ol Ihe managemeNI committee are each required lo contribute £1.