LEYS COMMUNITY DEVELOPMENT INITIATIVE IA COMPANY LIMITED BY GUARANTEEI TRUSTEES REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Index REPORT OF THE TRUSTEES..................... INDEPENDENT EXAMINERS REPORTTO THE LEYS COMMUNITY DEVELOPMENT INITIATIVE......... 3. STATEMENT OF FINANCIAL ACTIVITIES ....................................... BALANCE SHEET............................ NOTES TO THE FINANCIAL STATEMENTS...................................................... 10 Registered No.. 6918476 Registered Charity No.. 1137129
LEYS COMMUNITY DEVELOPMENT INITIATIVE DIRECTORS Sasha East (Resigned on 2nd March 20231 Ines Krelzs¢hmar Prof. Denise Morroy-cartef Penny Wood Lekh Raj Melissa Lalchman (Chair) Robert Davies Deborah Mcilveèn Nicholas Watts REGISTERED OFFICE Tha Clockhouse Project Long Ground Greater Leys OX4 7FX INDEPENDENT EXAMINER Colin Mills Crilchleys Audit LLP Chartered Accountants Beaver House 2&38 Hythe Bridge Street Oxford OX12EP BANKERS Nalwesl Bank 121 High Street Oxford OX14DD CAF Bank Ltd 25 Kings Hill Avenue Kings Hill Wesl Malling Kent ME19 4JQ
LEYS COMMUNITY DEVELOPMENT INITIATIVE 1. REPORT OF THE TRUSTEES Objectives and Activities SORP reference Summary oflhe purposes ofthe cha¥ity as sel out in ils governing document Para 1.17. To promote any charitable purposes for the benefit of the Leys, Oxford and surrounding area, lo relieve poverty and financial hardship, and lo provide leisure facilities foi individuals needing them by reason of youth, age, infirmity, disability, poverty or similar circumstances, also lo provide education and training facilities. Summary oflhe main activities in relation lo those purposes for the public benefit, in particular, the aclivilies, projects or services identified in the accounts. Pala.18 1.19 In tho period under review, the main activities undertaken lo further the charity's purpose are as follow. Leys CDI run term time and holiday youth projec15 designed lo meet the needs of young people living in the Leys. The charity also run the Clockhouse project, designeé lo meet the needs of those over 50 from the Leys. The rnoney raised by the charity manager through vaiious grant, iegulai fundraising aclivilies, user fees, and volunteers, efforts provide the resource for both programmes. The Iruslees confirm thal in making decisions about activities they had taken into account the Charity Commissions guidelines on public benefit. Additional information loptionall You ma choose lo include further statements where relevant about.. SORP referencè The Leys CDI is almost entirely dependent upon trustees and volunteers lo supplement the services of the paid staff to create the organisalions strategy, to line manage the program and to provide frontline setvices. Para 1.38 Contribution made by volunteers Achievements and Performance SORP reference The Clockhouse The Clockhouse project had a busy schedule lor over 50 s throughout the year. There were Zumba gold, Monday social and gardening sessiorn eaGh Monday, singing for fun session snd art ¢lasse5 each Tuesday, bringing your own craft anol Tai Chi classes were held each Wednesday and yoga classes and online Zoom social classes were held each Thursday. The average number of participants across all sessions each week were about 80. Summary ofthe main aohievemenls ol the charily, identifying the difference the charity's work has made lo the circumstances of ils béneficiaries and any wider benefits lo society 8$ 8 whole. Para 1.20 A trip lo living RainfoTesl was arranged and 6 clockhouse users from the gardening club went and had a really fun filled day out. A Christmas meal was arranged for 22nd December, 8round 60 seniors 8nd around 20 young people from youth group attended and had meal and fun together. A trip lo Ashmolean was arranged for 231 February, about 30 clockhouse users went and had a real da out.
LEYS COMMUNITY DEVELOPMENT INITIATIVE Youth Project Yo* Projeet highlights The youth project held gaming workshop on Mondays, young women's projed on Fiidays and drop in club and homework club on Fridays each week Ihroughoul the year. There weie half lerffl adivities, Easter project, summer project and Christmas project in addition to these weekly sessions. The youth workers also delivered sessions in Sl Gregory School and Windale school lo make young people aware of activities on offer al Lays CDI. The Youth project team a150 took part in plant~based street food fair in Oxford Bolanitt Gardens at the end of July. The youth team cooked food and 501d il to raise money. It was a good fund-raising event and making people aware of Leys CDI. The Youth project team moved from the Blackbird Leys community centre to their new The Barn around 271h July and summer programme was held In the Barn. The workshop during summer project were Robotics, drones, cooking with s¢ien¢e, soundscape music, Oxford contemporary musiG project, dance. sports. art, Virtual reality and Xbox. An ice-skating day was organised lor kids and a day trip lo Thorpe Park. A hol meal was cooked and provided to young people every day. Around 70 young people allended over 4~week period. Leys CDI working in partnership with the ETM Group OTganised a Series of 6 field trips thatl8ke 6 young peop lo a variety of restaurants lo experience flavours an learn ai)oul menu creation under Mole than Bleu project. Young people got the chance lo see a full restaurant kitchen in action and learned the culinary arts of frying. grilling and kitchen management. CDI Xmas Lunch was held al the Barn 22nd December and was attended by around 80 people. The clock hous users, young people allending youth club and other people 8llénded the lunch. The Lunch was prepared by the youth managef and team, plated and served by the CDI team and volunteers. Financial Review Review of the charily's financial position al the end of the period Paia 1.21 The Charity remains solvent with £93.617 of funds in hand IFY2022 £137.9361 for the planned aclivilies. Existing res¢rves are adequate lo cover and continue programs beyond the short run. The charity remains dependent on a continuous flow of rants. fees and micro donations. The poIY is lo hold reserves lo pay for one month of salaries plus statutory redund8ncy for the staff. Slalemenl explaining the policy foi holding reserves slating why the are held Amount of reserves held Parg 1.22 Para 1.22 Total unrestricted funds £15,201 {2022 - £11,7791, Total reslriGI@d funds £78 416 2022- 126,157
LEYS COMIVJUNITY DEVELOPMENT INITIATIVE Explanation of any uncertainties about thè charity continuing as a oin ncern Para 1.23 INe strongly believe that there is no uncertainly about the charily Continuing as a going concern and accounts are prepared on that basis. Additional information loptionall You ma choose lo include further slalemenls where relevant about.. The charity's principal Small grants and donations from indNiduals and Irusls, feè sources of funds income from charitable a¢livili&s, rental incorlle from the (including any Barn and fundraising aclivilies. fundraisin Investment policy and objectives including any social investment ado led. Pata 1.47 The fund8 are placed with Golumbia Threadneeclle Fund Management Ltd. The trustees are satisfied how this account is run and we may add more funds lo Ihis reserve. para t 46 The principal risks are as fallows.. lil Harm to a beneficiary in the course of a projeGI. lill Reputation damage caused by aetion of ourselves. an associate or similar organisalion. liiil Loss of support from Peabody or Oxford City council and loss of use of premises for Clockhouse and the Bain. iv Unable lo recruit Iruslees or volunteers. Arrange more aotivities for The Clo¢khouse users. A ctescriplion of the piincipal risks facing the charity. Para 1,46 Plans for the Future Arrange more Youth sessions based on feedback from young people. Create more links with learning providers to delivery more classes at the Barn and the Clockhouse Advertise The Barn more to allow more local people and the commurÈity groups lo make use of the Barn.
LEYS COMMUNITY DEVELOPMENT INITIATIVE Structure, Governance and Management Typo of governing document Par8 1.25 Memorandum and Articles of Association How is the charity consliluled? Para 1.25 A chafilable company limited by guarantee Trustee selection methods including details of any conslilutlonal provisions e.g. election lo post or name of any person or body enlilled lo appoint one or more Iruslees Para 1.25 Most of the trustees are local and all Gurrently have qualifications and experience in youth work, project management, public service or finance. Trustees serve lor Ihiee years. Most Irusleas donate significant tsme outside meetings Declarations The trustees declare that thgy have approved the truste9s' report above. Slgned on behalf of the charlty's trustees Slgnaturelsl Full namelsl Position leg Sècr8tary> Chair, etGI IUFussA L&rcHMAnJ ts,P i Date 13/1/14043
LEYS COMMUNITY DEVELOPiVJENT INITIATIVE 2. INDEPENDENT EL4MINERS REPORT TO THE LEYS COMMUNITY DEVELOPMENT INITIATIVE I report lo the charity Iruslees on my examination of the a¢counls of Leys Community Development Initiative Ilhe Company) for th& year ended 31 March 2023 which are sel out on pages 810 16. Responsibilities and basis of report As the ¢harily's Iruslees of the company {2nd also ils directors for the purposes of company lawl you are responsible for the pieparalion of the accounts in accordance with the requirements of the Companies Act 20061'lhe 2006 Acl'l. Having satisfied myself that the a¢counls of the company are not required lo be audited under Pail 16 of the 2QC>6 Act and are eligible for independent examination, I rèport in respect of my èx8min81ion of your charity's accounts as cariied out under section 145 of the Charitie8 Act 2011 {Ihe .2011 Act'l. In cairying out my examination I have followed the Directions glven by the Charlty Commission under section 14515llbl of the 2011 Acl. Indgpendent examiner's report I have completed my examination. I confimi that no maiters have come lo my atletilion in connection with the examination glving me cause lo believe.. 11 accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act.. 01 21 the accounts clo not accord with those accounting records., or 31 the accounts do not comply with the accounting requirements of section 396 of the 2C)06 Act other than any requirement that the accounts give a'lrue and fair. view which is not a maller considered as part of an independent examination., or 41 the accounts have not been prepared in accordance with the methods and principles of the Slalement of Recommended practice for acwunling and reporting by charities applicable lo charities preparing their accounts in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland IFRS 102} I have no concerns and have Come across no other mallers in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Name of examiner.. CDlin Mills Name of firm.. Crilchleys Audit LLP Relevant professional body.. Inslilule of Chartered Accountants in England and Wales Address.. Beavei House, 23-28 Hylhe Bridge Street, Oxford, OX12EP Date: 16 November 2023
LEYS COMMUNITY DEVELOPMENT INITIATIVE 3. STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023 Including Incom8 and Expènditure Unrestrictsd and Restrlcted Doslgnated lund5 31 March 2022 Totals funds Totals 31 March 2022 Totals Note Totals INCOME Grants and donatlons Other Grants and Donations InGome from Charitable AGtivities 13,596 71,571 85,167 189,441 Room Hire 9,292 9,292 8,370 Project activities 3,265 3,265 217 5(XJ 116 Investment Income 217 Total income 23,105 74,836 97,940 198,427 EXPENDITURE Costs of raising funds Exptrndittsrè on Chariiabltr actlvlll&8 Project-relaled activities Total expenditure Net Inwme1105sI before Invpsttnenl galns Investment Gain Transfer NET INCOME AND MOVEMENT IN FUNDS 119,1171 1122.5771 1141,6941 119,1171 1122,5771 1141,6941 147,7411 143,7641 15651 1127,5971 1127,5971 70,830 680 15651 3.422 147,7411 144,3191 71,510 Re¢onclliatlon of funds Total funds brought fotward at 1 Aprll 11,779 126,157 137,936 66,426 Total funds carried fotward at 31 March 15,201 78,416 93,617 137,936 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 2022 Unrostrlcfod and D8$lgnat8d fut¥d8 RestrÈ¢tèd Incomfr funds 31 March 2022 31 March 2D21 Totals Totals Note Totals Totals INCOME Grants and donatlons Other Grants and Donations Incom& from Charitable ActlvltEes 9,032 188,779 197,811 80,945 Project activities 500 500 333 Inveslm&nl Income 116 116 124 Total Income 9.148 189,279 198.427 81,402 EXPENDITURE Costs of raising funds Expgndiiufo on Cha¥llabl8 actlvllles Projecl-related activities Total expenditure Net Income I10¥s1 b&foie Investment galns Investment Gain Tiansfer NET INCOME AND MOVEMENT 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 Reconciliation of funds Total funds brought forward at 1 Aprll 10,719 S5,707 66,426 29,960 Total funds carrlad fOnard at 31 March 11,779 126,157 137,936 66,426 Movements in reserves and all gains and10sse8 recognised in the year are shown above.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 5. BALANCE SHEET LEYS COMMUNITY DEVELOPLVJENT INITIATIVE Icompany No 69184761 BALANCE SHEET AS AT 31 MARCH 2023 2023 2022 Note FIXED ASSETS Investments Tangible assets 7,978 681 8.543 1,162 9,705 8,659 CURRENT ASSETS Debtors Cash al bank and in hand 1,451 87,645 131,279 89,096 131,973 694 LIABILITIES: Credilors falling due within one year NET CURRENT ASSETS 14,1381 13,7421 84,958 128,231 93,617 137,936 93,617 137,936 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS THE FUNDS OF THE CHARITY Unrestricted funds Reslricled funds 15,201 11,779 78,416 126,157 93,617 137,936 The flnanclal slalempn15 are prepared In accordancE With IhE prows10 applicame lo cornpHnles subjecl lo Ihe s11 companies re9ime under Companies Acl 2006. Forthe year ended 31 MarEh 2023 the cotnpanywas entitled to Èxemplion frDtn audit derSeC$1Dn 477 ofthp Companies Act 2006 relaling lo small companies. Dlr2ctors' respDntsibllitie8'. The members have nol tompany lo oblaln an audll oflls 8ccounis forthe y8ar In 4stIOn In 8Ctord8nc8 wlh section 476 The diipr.tors ?cknowtedge their re.Epon51111ipS for c(xnplylng wllh the rpqwrernen15 of the Acl wilh speCt to accounllng records 8nd the preparalion of aceounts These ac¢ounts have beèn prepared in 3ccordants th the prov1on8 apItab kn companies subject 10 the small companle$' reglllE. Appmve(l and aulhorised for issue by the board on 1.3111 J2023 and signed ils behalf by Ms M Latchman Chai¥m8n
- NOTES TO THE FINANCIAL STATEMENTS
- ACCOUNTING POUCIES Basis of preparing the flnanGlal statements Th@ financial slalemenls have been prepared in accordance with the Statement of Recommended Piactice-. Aecounling and Reporting by Charities applicable to Gharilies preparing their a¢¢ciunls accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021, and with the Charities Act 2011 and the Companies Act 2006. The financial slalemenls have been prepared under the historical cost convention, except for fixed asset inveslmenls, which are shown al market value. The company meets the definition of a public enlily under FRS 102. Assèts 8nd liabilities are initially recognised al hislofical cost or Ir8n$8Ction value LJn5ess olherwse slaleol in the relevant accounting policy note. a) Income Income generally is recognised wh8n the charity has antillemenl to the funds, any performan conditions allached lo the funds have been met, il is probable Ihal the income will be received. and the amount Can be measured ieliably. Credit is taken for donations and other income on the following basis,. Donations received. including income lax r8¢overable_ Intest and other inveslrllenls on an accruals basis. Grants receivable on an accruals basis. Capital grants are credited lo the Statement ol Financial Activities in the yeai which they are received. Depreciation ol the assets is charged in th6 Statement of Financial Activities each yeat. bl Expenditurè Expenditure is recognlsed In the accounts once a legal or constructive obligation arises lo make payment to a Ihird party, il is probable that settlement will be required, and the amount of the obligation can be measured reliably. It is included on an accruals basis, together with irrecoverable VAT. All support costs are 811o¢alèd lo the sole charitable aclivily. as il is considered Ihe charity cannot carry out its work without incurring these costs. } Depreciation A55els of a capital nature are shown as fixed assets and depreciated ove¥ expected lives, as follows.. Equipment 33.330/0 slraighl line Individual items of £500 and below are written off in the year of purchase. dl Investments Investments held as fixed assets are staled al market value al the balance sheet dal&, el Restricted Funds and UnrestrScted Funds The charity held only reslricled lunds al ysiApril 2011 when the 8ssels and liabilities of the former UnincorpoIed charity were transferred in, and throughout (he six subsequent years. In the year lo 31$1 March 2019 two unreslricled funds were created lo allow for the creation of a contingency fund for staff employed longer than the lifètime of a grant and lo hold unreslrided grants for longer belore allocating to programs. fl Golng Concern No material uncertainlies that may cast significant doubl about the ability of the company lo continue as a going concern have been iclenlified by the directors.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 12 2 NET INCOMEIEXPENDITURE FOR THE YEAR The nel income l expendiluTe foi the year is stated aftei charging 31-Mar-23 31-Mar.22 Examiners Remuneration Depreciation Rent & Rate 1,380 481 9,442 1080 280 9,936 The Charity is committed to pay the Peabody £18,600 form April 2023 to March 2024 as rent and rate5 under a lease agreement. Majority of this will come from hiring out Barn lo the local community groups and to youth Project. 3 CHARITABLE ACTIVITIES FOR THE YEAR 31-Mar-23 Restricted Unrestricted Total 31-Mar-22 Direct Project Activities Equipment Depreciation Running Costs Wages Governance Costs Le al and Professional Total 25,684 21 25,705 31,951 481 10,560 83,484 2,369 481 11,404 21,964 7,678 91,162 13 2,382 280 20,547 73,080 1,688 52 127 598 122 578 19.116 141694 4 STAFF COSTS FOR THE YEAR- 31-Mar-23 31-Mar-22 Salaries staff training, recruitment, and other costs Employer Pension Contributions Total 90,123 73,080 245 414 1,039 Total staff employed for the year were 2.2 Full Time Equivalent {2022 2.0 Full time Equivalentl. No employees, emolurmenls exceeded £60,000 in the year. The management personnel were the trustees supported by the charity manager irn both years. There were no related party transactions and there were no reimbursements to trustees in this reporting period.
LEYS COMMUNITY DEVELOPMENT INITIATIVE 13 S FIXED ASSET INVESTMENTS 31-Mar-23 31-Mar-22 F & C Stewardship Responsible UK and Global Equlty Fund units At 1 April 8,543 7,863 Liquidation Revaluation gains (Lossl At 31 March 565 7,978 680 6 TANGIBLE ASSETS 31-Mar- 22 Total 31-Mar-23 31.Mar-23 Equlpment Total Cost At 1 April Additions in year Disposals in year At 31 March Depreciatlon At 1 April Charge for the year Disposals in year At 31 March Net Book Value At 31 March 2022 At 31 March 2023 29,055 29,055 27,613 1,442 29,055 29,055 27,893 481 27,893 481 27,613 280 28,374 28,374 27,893 1,162 681 681
LEYS COMMUNITY DEVELOPMENT INITIATIVE 14 7 DEBTORS 31-Mar-23 31-Mar-22 Tolal Total Grants Debtor Rental Debtors HM Revenue and Customs Total 1,451 694 694 8 LIABILITIES: CREDITORS FALLING DUE WITHIN ONE YEAR 31-Mar-23 Total 31-Mar-22 Total HM Revenue and Customs Accounts Payable Income in advance Other Creditors 317 413 796 897 3,025 2,432 Total
LEYS COMMUNITY DEVELOPMENT INITIATIVE 9 RESTRICTED FUNDS Movements for the year ended 31 March 2023 Funds 01-Apr- 22 Income Expenditure Transfer 31-Mar- 23 Future Proofing CDI Clockhouse Project Clockhouse Garden Project Holiday Project OCC Community Impact Fund Big Ideas 2022- 2025 Olher Projects= CDI Youth Olhor Projects= CDI Youth Projects Phoenix Rising Group Young Women's Project Restricted funds 11,150 1,667 32,352 14,472 2,726 12,817 27,405 396 19,419 2330 4,518 13,019 15,482 2,055 8,100 7,875 225 12,959 964 2,653 11.270 63,145 33,889 38 1.995 126,157 74,636 53,954 43.080 38 1,995 122,577 78.416 Movements for the year ended 31 March 2022 Funds 01-Apr- 21 31-Mar- 22 Income Expenditure Transfer Future Proofing CDI Clockhouse Project Crealively Clever.. CDI Youth Holiday Projects Other Projects= CDI Youth Motivate.. COI Youth Young Women's Project Restricted 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 63,145 38 1.995 126,157 4,425 118,829
LEYS COMMUNITY DEVELOPMENT INITIATIVE 16 10 ANALYSIS OF NET ASSETS BY FUND Unrestricted Restrictèd funds funds 31-Mar-23 Total 2023 Fixed Assets Net Current Assets 8,658 69,758 78,416 8,658 84,959 93,617 15,201 15,201 Unrestyltted Restricted funds funds 31-Mar-22 Total 2022 Fixèd Assets Net Current Assets 9,705 116,452 126.157 9,705 128,231 137,936 11,779 11,779 11 Company Infomiation Leys Cornmunily Development initiative is a company incorporated in England with its registered. office at The Clockhouse Project, Long Ground, Greater Leys OX4 7FX, England.. It is limited by guarantee and as such does not have any issued share capital. In the event of a winding up, the trustees, members of the management committee are each required to contribute £1. There were no related party transactions and there were no reimbursements to trustees in both years.