Company registration [lUber. 06806199 Charity registration number: 1137183 Leaders In Community Limited (A company limited by gualltee) Annual Report and Financial Staternents for the Year Ended 31 Mar¢h 2024 Larnbert Chapman LLP i Warners Mill Silks Way Braintree Essex CM7 3GB
Leaders In Community Limited Contents Reference and Administrative Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Staternents 9t021
Leaders In Community Limited Reference and Administrative Details Chainnan S Mashal Trustee$ H Kana S Mashal N Ahmed J B Allwinton A Bandeali J Arthur S Naiiuma S Zucker Senior M2na47ement / Le2dership S Uddin Team Charity Registration Number 1137183 Company Registration Number 06806199 The charity is incorporated in England and Wales. Teviot Centre Wyvis Street London E14 6QD Registered oifit¢ Principal Office Teviot Centre Wyvis Street London E14 6QD Lisa Greenwood FCCA Lambert Chaprnall LLP 3 Warners Mill Silks Way Braintree Essex Independent Examiner CM7 3GB Page I
Leaders In Community Limited Trustees, Report The ttustees, who are directors for the purpose5 of company law, PTesent the annual Teport togetheT With the fmancial statements of the charitable company for the year ended 31 March 2024. Objectives and a¢tivities Objects and aims Leaders in Community (Lic) is a youth-led charity, Set up by young people for young people by providing avenues where they are able to build their own success. Our creative PTogrammes aim to inspire and ¢rnpower young people to tske up leadership arAd nllgement Toles in decision making stN¢reS in our local con)muDities i.e by becotning representatives on local boards such as Youth Estatr Boards, Youth Governance Panels, and consultstion panels. and by setting up atLd delivering social action and community cohesion events. By participating fully in society, youllg people will improve the quality of life for themselves, tbeir love4 ones, their peers, will gain essential life skills and be better prepared for ernployment. We aim to enable young people to have more ownership over access to loeal resources and a say in how they are nuL as well as provide access to employment opportunities that they may not be abl¢ lo access otheTWiSe. We also aim to ensuTe young people, especially those who ale rnar(yinalised, are acknowledged &s valuable and active members of the collUllIty. Lic work for young people who face challenges mainly due to .QWIng up in areas of high deprivation. Most of the young people we work with are from BlacL Asia and mixed heritage backgrounds" the majority of our service beneficiaries are of predominantly Bangladcshi On£¥ Lic operates in a part of the London Borough of Tower Hamlets wbere most ward5 rank within the IO% most deprived, and the majority of our etbnically diverse population are from Bangladeshi backgrounds. Our overarching aim 15 to inspire and empower local young people to be active and vocal contributors to the social, economic and cultural well-being of theiT community. In 2018 we won a Queen's Award for our high-quality work supporting vuiLerable younu people. We achieve our airns by nllmillg a progrartjme of activities with two clear themes: Youtb Leadersbip and Youth Social Action. 'Youth Leadership, Provides accredited skills training, and work experience. It matches young people with inspirational mentors and supports thern to take up positions on decision-rnaking foruTll5 which feed into the way our area is rnn. 'Youth Social Action, provides tanble opportunities for young peopl¢ to identify and tackle issues which rnatter to them most Our clear USP is that the journeys undertaken by younu people parti¢ipaling in our programme are designed by them from start to finish. and result in them being equipped to become social aetivists and take up leadership roles. Public benefit The Trte¢S believe that the activities undertaken within the Charity, to fulfil its ain and objectives, are done so to fiuther the public benefit. The ttustees confm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidau¢e published by the cRlty Commission for England and Wale5. Page 2
Leaders In Community Limited Trustees, Report Achievements and perfornianee During the year. Lic has achieved the following statisti¢s through our clwitable work.. . 545 young people participated in our learning prograrnmes. . 406 young ferttale leaders 545 young volunteers 17 young people supported into jobs. 381 young people supported onto trainints provisions. I l O local cbildren supported tr) aeeess services and free hot meals during school holidays. . 900 food bags and hot meals distributed to vulnerable children and families. 3,470 young people and older residents attended our face-to-face health related sessions. . 6,015 local residents benefitted from projects and cornmunity events delivered by Lic youn D people. Financial review Policy on reserves As at 31 March 2024, the charity h&8 funds amounting to £)16,J69 of whicb £160.464 is restricted, leaving £155,905 of unrestricted fimds. Taking itlto account the designated fund and value of red ass¢ts. the charity has available fidS of £145.296. The Trustees feel that this level of fimds is sufficient for them to continue to operate effectively in fulfilling the harity's objects. The Clwity ain]s to hold £10,000 in reserves for contingencies such as Tedundancies or in case of sudden withdrawal. Trustees and oleerS The ttustees and officers serving during the year and since the year end were as follows". TThstees: H Kana S Mashal N AJ)med D Walbank {Tesigned 24 July 2023) J J H HuJes. Treasurer {resigned 5 September 2024) J B Allwinton A Bandeali (appointed 5 September 2024) J Arthur (appointed 2 February 2024) S Naiiuma (appointed 5 September 2024) S ZuckeT (appointed 5 September 2024) Chairnian: S Mashal Senior Manatrement l Leadership Team.. S Uddin Page 3
Leaders In Community Limited Trustees, Report Structure, tsovernance and management Ivature ofgoverning document The organisation is a Clwitable company limited by guarantee by its mernordndum and articles of &5sociation and acts entirely as a non-profit making organisation. In the event of the company being wound up members ar¢ required to contribute an arnount not exceeding £1. Recrutimenl and appointment oftrustees Lic operates a selection criterton for recruiting members onto the Board of Trustees so &s to ensure tbat their skills and experience reflect the governance and operauonal needs of the organisation. Prospective mernbers are interviewed by Lic's Selection Committee. whi¢h includes at least tbree Board members. On selection, Teferences will be taken up as to their suitability prior to a vote. Major r4isks and management ofthose risks Funding ondprojects The trustees meet regularly to discuss the risks faced by the charity. partieularly issues over securing fvnding and the undertaking of specific projects. The trustees airn to mitigate the risks by seeking funding from a number of sources and regularly review the progress on projects to ensure that the objects are being met. Small companies provAsion statement This report has been prepared in accordance witb the small companies regime und¢r the Companies Act 2006. The annual report was approved by the teeS of the charity on .. ..............21.1.! 2/.2024 signed on its behalf by.. and J B Allwinton Trustee Page 4
Leaders In Community Limited Statement of Trustees, Responsibilities Tbe twstees (who are also the directors of Leaders In Community Limited for the purposes of company law) are responsible for preparing the trustees, report and the fllLancial statem¢llts in accordanee applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting PT&tice), including FRS 102 "The Financial R¢porting Stalldd applicable in the UK and Republic of Ireland" The report and accounts have been prepared in accordance with the provisions in the Companies Acr 2006 relating to small companies. Company law requires the ttustees to Prepare financial staternents for each financial year. Under company law the trust¢¢s must not approve the financial statements unless they are satisfied that they give a tsve and fair view of the state of affaiTS of the ¢haritsble company and of the incoming resources and application of resources, including its income alld expenditure, of the charitable company for that perio<L In preparing these fmallcial statements. tbe trustees are required to.. select suitable accounting policies attd apply them consistently. observe the Methods and principles in the Charities SORP. m8J(e judgements and estimaTrs tbat ar¢ reasonable and prndent" state whether applicable accountino standards, comprising FRS I02 have been followed, subject to any nuterial departures disclosed and explained in the financial staternents" and PTepare the kncial statements on tbe going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keepin(y proper accounting records that can disclose with reasonable accuracy at any tirne the fmancial position of the charitable company and enable them to ensure that the fillancial staternents Cotnply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitsble company atld hence for tojiing reasonable steps for the prevention and detectiotl of fraud and other iffegularities. The ttee$ are responsible foT the maintenance and integrity of tbe corporate and fanciaL inforrnation included on the charitable companvs website. Legislation governing the preparation and dissemination of fmattcial statements tnay differ from legislation in other jurisdictions. Approved by the trustees of the charity on ..........21/.121.2Q24............... .. and signed oll its behalf by: J B Allwinton Twst¢e Page 5
Leaders In Comniuniti, Lin)ited Independent Examiner'5 Report to the trustecs of Lcaders In Communit), Limited {'the CompanTr ) I report to Ihe charity trnstees on mv ¢kn1mination of the ac¢ounts of the Companfv for ih¥ !.'ear ended .1 l .Ilarch ?0?4. Responsibilitjes 8nd b2sis of report As Ehe cl)2rits' 5 tnjstecs of ihe Conipan). laiid also its direciors for ili¢ purposes of compani. laii,) l'ou are responsible for tli¥ pr¢par2fion of ihe accounts ii) accordai)ce ii'itli ihc reqviremeE2ts of il?e Compai?ies .4ci ?006 Flavino saiisfied tnvself tliai tlie accouiits of die Compan), arL noi required to be audiied under Pan lfj of the ?006 .4ct and are elifTrible for independent e.xamination. I report in respect of mv examination of vour chariThr accounrs as carried our under section 14) of ilie Charities .4ct ?Oi I I'tl?e ?01 l Act-l. In carn'inth out m!. .¥aminaiion I hav¢ folloil'ed ihe Direciions givLn b! the Charity Comniission linder seciion 14- ?011 Aci. -liljbl ofthe Independent ex2miner"s statement Since IhL. Compan! s ttross income e.Iceeded L?iO.000 l'our cxwniner musi bc a mcmber of a bod%, listLd in s¢ction 144 of Ihe ?011 .4ci. I confirni tliat l ini qualificd 10 undenakc il)e ¢iaminaiioi) be¢au5e l am a ftiLftiber of Lambert Cl)2pnian LLP. ii,liicli 15 onc of ilic Iisicd bodies. I have ¢oniple(cd m! examinaiion. I confirni ihat no Inacters hai'e come io m! aiteniion in ¢onneciion ii'ith ihc examiT731ion nivinu me causc to beliei'c.. accoyniinn records ivere noi kepi in r¥spe¢i of Lead¢ts Izi Conimunilv Lii?iiicd as rcquired seclion )86 of the ?006 .4ct: or ? the 2ccounts do noi accord ivith iliose records- or Ihe accounts do Iioi conipl}.' Iviili ihe 3CCOUI)ijiiu requiremei)1s of seciioi) i96 of rlie ?006 .4ct orher Ihtsn an requireiiieiii iliai tlic aceounts rpive a 'iruc a]id fair i'ieii Ivliiil? is nor a niaiier consider¢d as pan of an indcpendcni Lxamination- or 4_ 11)e a¢¢ount.< I)2C not be¢ii prLP2red in accordance i¥'ith the n)eihods and principles of iliL Szaiemcni or Recomiiiendid Practic¢ for aLcouniin: and r¢ponii?<T bK' cliaritlLS lapplicable 10 chariii¥S pfLparin" Iheir accounis in 2CLordan¢e ii'iih ihe Fin2nci21 ReponinL Szandard applicable in ihL L, k and RLpublic of Ireland (FRS 10?)]. I have no concerns and havi comL across no OTher mallers in connLCliOI) i¥'iih th¢ e.¥2nalIOn zo i&hicli atleniion should be draivn in this report in order 10 Lnable a per undersiandinLi of the aLLountS lo be reachtd. Lisa Greeiiii'o¢)d rcc.4 Lambert Cliaptnan LLP J W'-arners IKljll Brtsinire¢ E$5C.X C.I17"GB Dali.: Paoe 6
Leaders In Community Limited Statement of Financial Activities for the Year Ended 31 March 2024 ncluding Income and Expenditure Account and Statement of Total Recognised Gains and Losses) Unrestricted funds Restricted funds Total 2024 Total 2023 Note Income and Endowments from: Donations and legleS Charitabl¢ activities Otber trading activities Other income 20,825 6,957 8,747 299,313 50,250 320.138 57,207 8,747 5,000 248.118 114,039 762 5,887 5,000 Totsl income 36,529 354,563 391.092 368,806 Expenditure on: Raising fLd5 Charitable activities (10,780) (334,269) (10,780) (343.368) {9,099) {338,374) Total expenditure (9.099) (345,049) (354,148) (338,374) Net income 27,430 9,514 36.944 30,432 Net movement in funds 27,430 9,514 36.944 30,432 Reconciliation of funds Total funds brought fonvard Total fimits CWTied fonvard 128,475 150,950 279.425 248,99) 19 155,905 160.464 316,369 279.425 All of the charity's activities derive frotn continuing operations during the above two periods. The funds breakdowTh for 2023 is showll in note 19. The notes on pages 9 to 21 forni an integral part of these financial statements. Page 7
Leaders In Community Limited (Registration number: 06806199) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets 15 609 862 Current assets Debtors Cash at baDI( and in hand 16 17 153 325.633 496 283,776 )25,786 284,272 Creditors: Amounts falling due within one year Net Current assets 18 (10,026) (5,709) 315.760 278,563 Net assets 316,J69 279,425 Funds of the Charity: Restricted income funds Restricted fimd5 19 160,464 150,950 Unrestricted income funds Unrcstricted funds 155,905 128.475 Total funds 19 316.369 279,425 For the fllmncial year ending 31 March 2024 the cbarity was eutitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. DiTectors' responsibilities: The mernbers have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476. and The dircctors acknowledge their responsibilities for complying with the requirements of tbe Act witb respect to accountintr reeoTds and the preparation of ae¢ounts. These financial statements have been prepared in accordance with the special provisions relatin¢F to companies subject to the smaIl cotnpanies regime within Part 15 of the Companies Act 2006. The fuwlcial ststernents on pages 7 to 21 were approved by the trustees, and autborised for issue on 21/12/2024 . and signed on their behalf by: J B Allwinton Tntee The notes on pa(y¢s 9 to 21 fonn an integral part of these financial statements. Page 8
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is limitrd by guarantee, Incoorated in England and Wales, and CODSequently does not have share capital. Each of the trustees i5 liable to eontTibut¢ an amoullt not exceeding £1 towaTds the &ssets of the chlty in the ev¢nt of liquidation. The address of its registered office is- Teviot Centre Wyvis Street London E14 6QD 2 Accounting policies Summary of significant aceounting policies and key accounting e$tim2tes Tbe principal accounting polictes applied in the preparation of these financial statements are set out below. These policies have been consistentEy applied to all the years presented. unless otheTh7se stated. Statement of complianee The fIn8CIaL statements hav¢ been prepaTed in 2e¢ordance with Accounting and Reporting by Charities: Statement of Recommended Practice (applicable to charities preparinu their ac¢ounts in accordanct with the Financial Reporting Standard applicable in the UK and Republic of ITeland (FRS 102)) (issued in October 2019) (Charities SORP (FRS 102)). the Financial Reporting Standard applicable in tbe UK and Republic of Ireland IFRS 102) and the Compauies Act 2006. Basis of preparation Leaders In Community Limited meets the definition of a publie benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transactlOD value unless otherwise stated in the relevant accounting policy notes. Going concern The lrnstees consider that there are no material uncertainties about the charity's ability to continue as a going concern noT any signifi¢ant areas of uncertainty that affect the Carrying value of assets held by the charity. Exemption from preparinu a cash flow statement The charity has an income level below the threshold at which a cash flow statement is required. Page 9
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 Mareh 2024 Judgements Apart from those jud<rements involvints estimations, the management team have not nude any juduernents in the process of applying the entity's accounting policies that have significant effect on the amounts recognised in the accounts. Key sources of estimation uncertainty There are no key assumptions conceming the tle or other key sources of estimation uncertainty al the reporting date that have a significant risk of causing a material adjustrnent to the Carrying amounts of assets ond liabilities within the next reporting period. Ineorne and endowments All income is recotrnised once the charity has entitlement to the income, it is probable that the income will be received and the an]ount of ttke income receivable can be measured reliably. Donations and leo4cies DonatioDS are recognised when the charity has been notified ID writing of both the amount and SettlneD1 date. In the event that a donation is subject to conditions that require a level of performance by the charity before the char2ty is entitled to the lld$, the income is defeed and not Teco.rynised until either those conditions are fully mel or the fillfihnent of those conditiotts is wholly within the control of the charity and it IS PTobable that these conditions will be fulfilled in the reporting period. Grants receiv4ble GratLts are recognised when the charity has an entitlement to the funds and any conditions lit&ed to the grants have been met. Where perfornaTkce conditions are attaehed to the grant 2nd are yet to be meL the in¢ome is recognised as a liability aud included on the balance sheet as deferred incorne to be released. Other trathng activitrs Other trading activities includes the saIe of honey, which is made by bees held on site 2nd is recognised on a receivable basis. Investment income Investtnent income includes bank interest Teceived which is Tecognised when receipt IS PTobable and the amount receivable can be measured reliably. Ch(tritable activities Income from charitable activities includes money received frorn the hiTe of the hall (the letting of non-investment propety in furthetance of charitable Purposes) and perforniance level grants where the income is couditional upon delivering certain levels of service. OÉher tncome Other income is made up of miscellaneous income including employevs allowance. Expenditure All expenditure is recognised once theTe is a legal or constrnctive obligation to that expendibjre. it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that a0 egate sirnilar costs to that catetsory. WbeTe costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocat¢d on tbe portion of the asset's Use. Other support costs are allocated based on the Spread of staff costs. Page 10
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 RsIngfUndS These ar¢ Costs incurred in attrydctinu volulltary income. the management of investments and tbose incurred in trading activitie5 that raise fimd8. Chan"È(thle activities Charitable expenditure comprises those costs in¢urred by the chartty in the delivery of its activities and seTrices for its beneficiaries. It ineludes both costs that caj] be allocated directly to such aetivities and those costs of an indirect natrjre necessary to support them. Governance costs These include the costs attributable to the clwity's compliance with constitutional and statutory requirements, Including independent exarninews fees. T2xation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defjnition of a charitsble company for UK corporation tax purposes. Accordingly, the chartty is potentially ex¢mpt from taxation in respect of incorne or capital gains received within cate(yories covered by Chapter 3 Part i i of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to clwitable purposes. T2Dgible fixed assets Individual fixed &ssets costing £250.00 or more are initially recorded at cosL less any subsequent accumulated deweciation and subsequent accumulated irnpairment losses. Depreciation and amortisation Depreeiation is provided on tangible fixed 8ssets so as to write off the cost or valuation, less any estiTnated residual value, over their expected weful economi¢ life as follows.. Asset class Furnittre and equiprnent Depreciation method and rate 250/0 straight line Trade debtor$ Trade debtors are Trfognised initially at the transaction price. They aTe subsequently measured at amortised cost using tbe effective interest inetbol less provision for impairn]ent. A provision for the impairn]ent of trade debtors is e5tablisbed when there is objective evidence that the charity will not be able to Collect all amounts due according to the oritrinal tenns of the receivables. C25h and cash equivalents Cash and cash equivalents comprise casb on hand and amounts held in the bank account. Trade creditors Trade creditors aTe obligations to pay for goods or services that have been acquired in the ordinary course of business frotn suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right at the ¢nd of the Teporting period, to defer settlement of the creditor for at least twelve month5 after the reporting date. If there is an unconditional right to defer settlement for at least twelve Months after the reporting date. they are presented as non-current liabilities. Fund structure Unrestricted incorne ftuids aTe general fjjnds that aTe available for use at the trustees discretion in fiutherance of the objectives of the charity. Pagell
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Designated fimd5 are unrestricted fijnds set aside for specific purposes at the discretion of the trustees. Restricted incorne fun(ts are those donated for use in a particular area or for sp¢cific purposes. the use of which is restricted to that area or purpose. 3 Income from donations and legacie5 Unrestricted funds Gener21 Restricted fund$ Total 2024 Total 2023 Donations and legacies. Donations and legacies Grattts. including Capital grants" Grants receivable 34.446 20,825 299,i13 320.138 213,672 20.825 299,)13 320,138 248.118 4 Ineorne from eharitable attivities Unrestricted funds General Restricted funds Total 2024 Total 2023 Rental incorne Grants receivable 6,957 6.957 50,250 10.027 104,01? 50,250 6,957 50,250 57,207 114.OJ9 5 Income from other tradin(w activities Unrestricted funds General Restricted funds Total funds Total 2023 Trading income. Sales of goods and services 8,747 8.747 762 8,747 8.747 762 6 Other income Unrestricted funds General Restricted funds Total 2024 Total 2023 Other incorne 5,000 5,000 5,887 Page 12
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 7 Expenditure on raising funds a) Costs of trading aetivities Unrestricted funds General Restrieted fund5 Total 2024 Costs of goods sold 10,780 10.780 10,780 10,780 Page li
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 8 Expenditure charitable activities Unrestri¢ted funds General Rtstricted funds Total 2024 Total 2023 Note Events and activities Monitoring and evaluation Equipmellt Sundry expenses 75,521 75.521 73,498 312 40 384 40 397 2,099 2,228 13 2,099 2,228 1,937 1,452 861 VolunleeT expenses Telephone, internet and website Computer software aud maintenance costs Repairs and maintenance Software expens¢s PrÉnting, postage attd stationery Cleaning Marketing consultant fees Fundraising costs Refresbments Advertising outreac1SeSsiOnal workers 971 971 3,757 5.888 5,888 7,817 2.221 1,291 2,221 1.291 1,978 711 2.783 2,783 3,345 l60 375 375 1,800 141 8,427 2,088 2,088 8,081 11.512 3.086 5,795 2,876 36 204 1,305 2235 19,593 3,086 5,795 2,876 36 204 1,646 2.235 31,603 2,330 7.474 3,416 72 196 1,206 955 34 CaTetaker consultan fees DBS checks Baak charges Subscriptions Recruitment costs Other interest payable Depreciation, amortisation and other similar costs Staff costs Governance costs 341 253 206.739 5.003 644 174.021 5,884 206,739 5,003 9,099 334,269 343,368 338,374 Page 14
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 9 Analysis of governance and support costs Governance eosts Unrestrieted funds General Restricted funds Total 2024 Total 2023 Indq)endent examiner fees Examination of the finaneiaL staternents 5.003 5,003 5.884 5,003 5,003 5,884 10 Net IncominoUtgolno resources Net incoming resources for the year include.. 2024 2023 Depreciation of fed &ssets 253 644 11 Trustees remuneration 2nd expenses No ttvstees, nor any persons connected with the have rec¢iv¢d any Temuneration from the tharity during the No trustees have received any reimbursed expenses from th¢ charity during the year. 12 Staff Cost5 The awegate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries (incl. Employers ND 206.739 174,021 The monthly averatre number of persons (including senior manatrement / leadership team) employed by the chlty during the year expressed as full tin]e equivalents wa5 as follows: 2024 No 2023 Average headcount No employee received emoluments of more thall £60,000 during the year. The total employee benefits of the key management personnel of the ciwity were £47,138 (202) - £40,000). Page 15
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 13 Independent examiner's remuneration 2024 2023 Examination of the financial statements 5,003 5,884 14 Taxation The charity is a registered clwity and is therefore potentially exempt from taxation. 15 Tangible red assets Furniture and equipment Total Cost At l April 2023 2,997 2,997 At 31 March 2024 2.997 2.997 Depreeiation At l April 2023 Charge for the year At 31 March 2024 2.135 253 2.135 253 2,388 2,388 Net book value At 31 March 2024 609 609 At 31 March 2023 862 862 16 Debtors 2024 2023 Prepaynents Oth¢i debtors 341 155 153 153 496 Page 16
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 17 Cash and cash equivalent5 2024 2023 Cash at bank 325.633 283.776 18 Creditors: amounts f2Uing due within one year 2024 2023 Trade CTeditors Other taxation and social security Ac¢Tuals 2.672 2.910 2,673 10,026 5,709 Page 17
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 19 Funds B212nce at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestri¢ted funds General Unrestricted 118,475 36,529 (9,099) 145,905 l)esignated DeSigted 10.000 10.000 Total unrestricted funds 128,475 (9.099) 155,905 Restricted funds London Youth Mayors Office Violence Reduction Unit Global Fund for ChildTen Be Green Be Leaders Be Inspired Mind the Gap Gardening Project Kickstart Money Saving Expert Poplar HARCA 2022123 Hill Group (2) Our Space Wen Food Coop Women's EnviTonment Network Easter & Sunimer Club East End Comrnunity Foundation GLA Community Outreach 10,451 33.333 (L9,000) 24,784 8,425 10.000 20,603 16,667 17,274 4.885 12,500 15.000 61.704 (58,785) (10,000) (52,251) 69.033 37,385 16,667 17,274 3,000 3.000 9,770 12,500 5,000 (11.655) (22,000) (20,000) 631 9.277 20.250 1,987 3,000 50.250 38.974 (59,527) {35,441) (1,987) (3,000) (4,000) (5,970) (9,970) 23.783 8,150 5,970 9.970 4.150 28,976 900 8.333 (18.000) (900) (6,333) 10.976 Jack P¢tchey LBTH Mayors Community grant Loughborough UniveTSity Community Grant Together Fund Wellone 2.000 500 6,830 4,370 (soo) (4,360) (1,370) 2,470 Totsl restricted funds 150.950 354,563 (345,049) 160,464 Total funds 279,425 391.092 (354, l48) 316,369 Page 18
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 Balance at 31 March 2023 Balance at I April 2022 Incomin resouree5 Resourees expended Transfers Unrestricted fund5 General Unrestricted 62.040 66,122 (10,695) 1,008 118,475 Designated Designated 10,000 10,000 Total unrestricted funds 72.040 66.122 (10,695) 1.008 128,475 RÈ5trieted London Youth Women's Environment Network Found&tion for Future London Hill Group (l) Local Community fimd New Perspective U(ickstart Scheme) Poplar HARCA Royal Sun Alliance Mayors Office Violence Reduction Unit Global Fund for Children Be GTeen MoJ(er Space Summer Club Be Leaders Be Inspired Mind the Gap Gardening Project Kickstart Money Savino Expert Poplar HARCA 2022123 Hill Group (2) Our Space Wen Food Coop Total restricted fund5 20,000 (9,549) 10.451 23,976 (22,968) (1,008) 5,000 23,500 {5,000) {23,500) (13,130) 32,996 24,000 5,500 (32,996) {24,000) (5,500) 8,425 20,426 8.425 10,000 20,60i (10,426) (45.835) {4,000) (6,356) 66,438 4.000 6,356 16,667 38,075 14,655 12.500 36,364 631 60,511 41.500 1,987 3.000 16,667 17,274 4,885 12,500 15,000 631 9,277 20,250 1,987 3.000 (20,801) (9,770) (21,364) (51,234) (21,250) 176.953 JO?,684 (327,679) (1,008) 150,950 Total funds 248.99J 368,806 (3J8,374) 279.425 Page 19
Leaders In Community Limited Notes to the Financial Statements for the Year Ended 31 March 2024 The specific purposes for which the fidS are to be applied are as follows: London Youth- Headstart Action - Youth leadership course. Women's Environment Network - Be.Green - young activists prornote food justice and tackle issues Telat¢d to climate change. Foundation for Future London- Ellrployability course for girls and young women. Hill Group (l) - Community initiatives including elders social hub. women's fitress classes. and comrnunity events. Local Cotllmunity fund - Intergenerational project to help foster n)¢allingl dialogue between teenagers and over 50s. New Perspective (Kickstart Seherne) - Kickstart programrne. Poplar FL4RCA - Capa¢ity building Teviot Centr¢ service provision for locaI young people & residents. Royal Sun Alliance - Adult Beekeeping course. Mayors Office Violence Reduction Unit - Be.Inspired women's ernpowerrnent project raising awareness of, and tackling violence against, women and young girls. Global Fund for Children- Support for staffing costs. Be GTten- B¢.Green - young activists promote food justice and tackle issues related to clinTrte change. Maker Space - Introducing young people to tbe desi and tech. sector. SuD]mer Club - School holiday provision providing free healthy. hot meals and wellbeing activities for vulnerable children. Be Leaders - Employability and leadership programme aimed at young people aged 15-19. Be Inspired _ Be.Inspired wornen's empow¢rn]ent project raising awareness of, and tackling violence agaitlst women and young girls. Mind tbe Gap- IntergeneTational projttt to help foster meaning1 dialo1¢ bettveen teena¢Fers and over 50$. Gardening Project - InfrastwctL]re project to renovate the centre garden space to allow for conrnunity food growing projects. Kickstart- Kickstart programme. Money Saving Expert- Finance WOTkshops for young people. PoplaT HARCA 2022123 Capacity building Teviot Centre service PTovision for local young people and residents. Hill Group (2) - COnnity initiatives includino elders social hub. women's fithess classes, and comtnunity events. OUT Space - Infrastnjcture project to renovate the eentre garden space to allow for community food growing projects. Page 20
Leaders In Comrnunity Limited Notes to the Financial Statements for the Year Ended 31 March 2024 WEN Food Cowop - Match fLmding to support tbe Food Co-op project which provides affordable, orgaDi¢ frnit and vegetables for local residents. EasteT & Summer Club - School holiday provision providing free healtby. hot meals and wellbeing activities for vulnerable children. End Comrnunity Foundation - Summer pro¥amme helping to provide a safe space for young people. training, and free hot meals. GLA Community Outreach PTogramme - Helping adults from marginalised communitie5 access free adult education and nurnerw course5. Jack Pet¢hey - Awarded to stand out young leaders. LBTH Mayors Community Grdnt - Leadership course for young people to develop social action ¢ampaigns to improve raciat equality and equity across a range of employment se¢tor5. LoughboTougb University Community Grant - Small grant to improve the garden space and encourage usage of outdoor community spaces. Together Fund - Supporting adults and young people from marginalised Communitie5 improve their physical heaIth and wellbeing. Wellone - Supporting a rallge of community initiatives to improve cornmurrity cohesion and wellbeing. 20 Analysis of net assets between ndS Total funds at 31 March 2024 Unrestricted funds General Designated Restrieted funds Tangible fixed assets CUellt &ss¢ts Current liabilities 609 155.322 (10.026) 609 325.786 {10,026) 10,000 160,464 Total net assets 145,905 i 0,000 160,464 316,369 Total funds at 31 March 2023 Unrestricted funds General Designated Restricted funds Tangible fixed assets Curent assets cellt liabilities 862 123,i22 {5,709} 862 284,272 (5,709) 10,000 150.950 Total net assets 118,475 10,000 150,950 279.425 21 Related party transactions TheTe were no related paty transactions in the year. Page 21