Goldsmiths Community Association Limited Annual ReDOrt and Financial Statements For the year ended 31 March 2024
Goldsmilh8 Community Association Limited Charity No." 1141475 Annual accounts for the ear end 31 March 2024 Trustees, Annual Report Objectives and Activities Objects To promote the benefit of the inhabitants of Downharn and Hither Green and the neighbourhood Ihereinafter called 'the area of benefit'l without distinction of sex or of political. religious, race or colour or other opinions by associating the local 8Uthorities, voluntary organi58tions and inhabitants in 8 common effort to advance education and to provide facilities in the interests of soci81 welfare for r8creation and18iSLJre-time occupation with the object of improving th8 condition5 of life for th8 said inhabitants. To establish or to secure the establishrnent of a Comrnunity Cenlre Ihereinafter called 'the Centre'l and to maintain and manage, or to co-operate with any local statutory authority in the rnaintenarice and management of such a Centre for activities promoted by the Associati()n and its constituent bodies In furtherance tsf the above objects. Constitution The Charity was registered as a charity with the Charity Cornmission under registr8tion number 1141475 on 26th Ootober 2000. Achievements and Performance Significant activitl8S As we approach the end ol another busy year al Goldsmiths we are proud to reflect on making positive contributions to our community. We a pleased to note a steady increase In regular and occasional visitors to the Centre and appreciate the timely return of monitoring data that evidences this trend. We continued our commitment to providing affL>rdable and a¢sSible activits'es for local residents by offering subsidised rates to several regular users. New groups. such as Together UK and Kent Crickel Club, joined our cornmunity, expanding our reach and diversity. These additions, along with increased BAME visitor numbers, reflect our dedication to seroing the needs of our diverse community. We are proud to host a variety of regular activities that appe81 to individuals of dttfer&nt 8ges, background and cultur8s, during 2023-24 thes8 included Ibut W8r8 not limited tol.. Support groups- Downharn Men's group, Silver Surfer5, Together UK. Dance, sport and edUtIOn for children- Goldsmiths dance and musical theatre, Iiish danang, Tamil dancing, SportsFun4ALL Ifootballl, Rio Ferdinand youth club, Jujitsu, roller skating, karate, Maths and Science tuition, Tamil School, Make and Create Iself-funded home education group), animation workshops, cycling, Beanstalk Arts lunder fivesl, Kent cricket. Dance and sport for adults- Shokotan Karate, boxing, Menobox Itargeled at women experiencing menopausal symptoms). yoga. RnB Line Dancing. Jujitsu. keep fit. Faith groups- RCCG His Glory Pavilion and Grace Temple Pentecostal. We also hosted several one-off events for local community rnembers organised by other providers such as Phoenix housing, the NHS, Good Food Lewish8rn and Frignds of Forster Memori81 Park. We still have roorn for more groups and individuals to join LJS, SO p188S8 don't hesitate to contact U5 rfyou'r8 int8rest8d in utilising our spac8. A htghlight ol the year was undoubtedly the production of "Snow White and the Seven Dwarfs. by Goldsmiths Dan Academy in our newly refurbished George Green Hall in March 2024. We extend a huge thank you to Liz Wood and GDA lor supporting the Goldsmiths team to ppare stage curtains in time for the first perforfflan. The show lived up to the usual GDA high standard, with a fun filled musical performanTr enjoyed by performers and audience alike. We are excited lo announTr that GDA are preparing for their next production in February 2025 when they will be joined by members ol Bring Me Sunshine for a truly intergeneralional performance Irumour has it you might spot one or Iwo Goldsrniths trustees on the Stage). With the h811 refurbishm&nt5 cornpleted, private and party bookings wer8 r8inst8ted in 2024. This has not only g8nerat8d additional income but also provided a valuable Service to the cotnmunity. We've had the privilege of hosting celebrations from various cultural backgrounds, including Caribbean nine-nights, Hindu festivals, Christenings, and birthdays. Our partnership with Sevenfields PCN has sIn91hened, with their move into the refurbished space on the righl-hand side of the cent. This has expanded their capacity to provide essential NHS services to the community and freed up rwms at the front ol the centre lor community use. Additionally, Sevenfields has taken over the rnanagement of the Apple Tree Cafe. which is now open five days a week and has become a hub for well-being and social prescribing. We're excited lo support the cafe's continued growth and explore opportunities lo extend its opening hours to better rneet the needs of our cenler users.
Goldsmilhs Ctsmmunity Association Limited Charity No." 1141475 Annual accounts for the ear end 31 March 2023 Trustees, Annual Report (continued) We've strengthened our partnerships wilh local org8nisations to support cornrnunity events. For exsmple, we've (x)Ilaborated with Friend5 of Forster Memori31 Park to host event5 in their 3ward-winning green space. We've also supported P8ac8 of C8k8 and L8wisharn M05que by providing 8quipm8nt and crock8ry for corntnunty coh85ion ev8nts. We are pleased to continue our productive pathership with the Downharn Men's Group IDMGI. Their dedicated volunteers continue to transform spaces at the center and In the community. The impressive development of the inner courtyard Is a testament to their creativity and resourcefulness. We're pleased to hear that participants value the teamwork and camaraderie fostered by the group. and we congratulate Trevor Pybus on his well-desetved recognition as an Individual Cornmunity Champion as part ol the 2024 Mayor of Lewisham Community Awards. The efficient use of all resources is an important consideration for us. We work with others to help achieve this, for example by close communication with our tenants and through community partnership networks such as Community Connections, L8wish8rn Local, Pho8nix Housing and L8Wi5ham Borough Council to share r85ource5 and know18d98. In 2023, we successfully secured funding from City Biidge Trust for a comprehensive eco-audit. The audit identified several opportunities to improve our environmental sustainability, and we've already taken steps to Implement these recommendations, such as replacing fluorescent lights with energy-efficient LEDS and upgrading our boiler controls. We're committed to further reducing our carbon IcK)tprint and aim lo transition lo an ethical pension fund in 2025. Unfortunately, City Bridge Trust has lernporarily paused ils rolling grants program. but we're actively preparing to reapply On the program resumes. The charity is committed to the principles of dernocraw and is proud to offer space at the Centre lo Lewisham Borough Council for use a$ 8 polling ststion for local and national elections. We're excited to welcotne our new full-tirne Operations Manager who recently came into post. This appointment will strengthen our staff team and itnprove our operational efficiency and thus increase Service level ft>r all use15. The trustees are committed to staff development and well-being in 2025. Our current Chair, Sue East, will be stepping down at the Annual General Meeting. Sue has ser¢ed as a trustee for over thirty years and for the past three years has held the dual position ol Chair and Treasurer. While she has confirmed her commitment to stand for reelection as a trustee, she is looking forward to dedicating rnore time to her family and personal pursuits. Financial Review Charitablè Activiti•s A sumrnary ol results lor the year is shown in the accounts. The tnjstees consider that the perfomance ol the charity has been progressive and salisfaclory and in a strong financial position. Total income for the year was £155,666. Total expenditure was £131.194. Total fund reserves as at 31 March 2024 amount to £64,270. The earnings for the perilxl spanning April 2023 lo March 2024 experienced an increase. from £148.054 to £155.666. largely 8ttributab18 to an incr8as8 in hir8 incom8 frorn £121,455 to £128,287. Exp8nditure for th& sam8 period decr8ased from £161,385 to £131,194. Notably, we spent mor8 than £2000 less on energy, primarily due to well-inforrned decisions by th& rinance manager when negotiating energy contracts and increased energy efficiency awarenes5 by staff and users. staff-related costs decreased by £23,252 compared to the previous year, attributed to staff departures and delays in replacetnents together with reduced hours attributed to the Senior Duty Manager role. The increase of around £6,000 in cleaning expenses was offset by service charges applied to Sevenlields. By the end of March 2024. our accounts showed a gain of £24,472 in contrast lo the £13,331 loss in the pViouS year. We are pleased to report that the forecast for 2024-25 shows a healthy surplus which in addition to bcx)sting reserves will be used lo achieve irnprovements to the building. R•s•rv•s policy The Trustees have deemed il prudent lo have a policy of having unrestricted funds held by the charity of at least six months of resources. They are on track to achieve this. Internal and external factors The aging building presents ongoing challenges, but we are blessed to have the support of an arnazing team of volunteers, including Downham Men's group who helped achieve many routine tasks ftsr a minimal cost. Thanks to NCIL funding, we were able to complete several significant projects, including enhancing the George Green Hall, restoring the disabled toilet tr) lull functionality, and upgrading the centre's electrics and lighting. We are pleased to note that our NHS tenants have extended the services they offer from the centre and welcorne the extra revenue this brings. We are also delighted to welcome new regular hirers during 2024 and with the developrnent ol new partnerships and initiatives we look fotward lo the centre being even busier in 2025.
Goldsmith8 Community Association Limited Charity No." 1141475 Annual accounts for the ear end 31 March 2024 Trustees, Annual Report (continued) Financial Review Icontinuedl We anticipat8 that the curr8nt economic crisis will have a significant impact on rnany rn8mb8r5 of our community and w& ar8 committed to continuing to provide and &xt8nd our off8r of 8fford8b18 and fr88 activities. We have subrnitted an NCIL bid to help address this and are working with our partners to identify opportunitie5 and funding to 5UPPOrt us providing a warm and welcotning space for our cotnmunily to cotne together. We iecognise the need to itnprove our current outside sports facilities to encourage more members of our community to participate In activities that improve their physical and mental well-being. Future developments In 2025, th8 charity is committ8d to the following k8y obj&ctiV8S'. 1. Ensure 100¢/o Health and Safety Cotnpliance and Premises Repairs and Maintenance Plan 2. Establish a programme of staff appraisal and development 3. Develop strategies to retain and recruit volunteers to support the cenler's operations 4. Undertake a fundraising initiative to upgrade the outdoor sports area with new surfacing and improved lighting 5. Financial stsbility- consislent tumover and steady growth, explore opportunities to diversify income streams 6. Governance- strengthen the trustee teatn through training and targeted recruittnent to fill skills gaps 7. Enhance marketing efforts to attract new users and increase visibility in the community 8. Implement sustainable practices to reduce environmental impact and operational costs, apply for funds to achieve actions identified in the 2023 ectraudit 9. Increase the number of activities which are free at the point of use and work in partnership with other agencies to ensure the deliverance of a diverse and inclusive community cents, which can relate to both poverty and food poverty faced by m8mb8rs of OLJr community. We've submitted a bid to NCIL for funding to host a variety of BAME-focused activitie5, including after-school Black history classes, craft and skill-sharing group5, and fitnes5 dasses for over-505. We're cornrnitted to building on this motnentum and developing rnore cotnmunity-focused project5 and events to increase both our incotne and footsall. Structure, Gov•rnanca and Manag•m•nt Goveming The charity is gov8rned by a board of trust88s. Charit8b18 activiti8s ar8 man8g8d by a t88rn of 6 8mploy8es and assisted volunt88r5 frotn our local community and supported through paid contracts for $8rvic85 for Prernis8S and C18aning support Organisational Structure The trustees meet when required and at least monthly to rewew the strategy and business plan of the charity. In addition, individual Trustees contribute their time and talents in specific areas where the charity has requirements including line management ol the Managing Director, financial management, premises support, fundraising and communications. Risk Management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The charity has ensured appropriate insurances are in p18ce and has contracted remot8 HR advice s8rvices to support staff rnanag8ment 8nd compliance with 8mployment law. The trust88S ar8 also required to ensur8 that the charity complies wth 811 elern8nts of saf8guarding law and will se8k external advice from the Lew5ham Safeguarding leads where required.
Gold$mlth$ Ctsmmunlty A$$oclatltsn Llmlted Annual accounts for the ear end 31 March 2024 Trustees, Annual ReF)Ort (continued) Charity No.. 1141475 Reference and Admlnlstratlve detalls Charity name.. Goldsmiths Community Association Limited Registered charity number. 1141475 Charity's principal address". Goldsmiths Community Centre Castillon Road London SE6 1QD Names of the charity trustees who manage the charity are.. Susanna East (Chairl Mark Ingleby Jade Nembhard Israel Oyebamiji Bala Vallipuram Iris Till ts'oined June 20241 Natasha Clarkson (J'oined August 20241 D•elarations The trustees declare that they have approved the truslees. ptsrt above. Signed on behalf of the charity's trustees Full name.. Susanna East Oate: 4th December 2024
Accounting Services Limited | Chartered Accountants Inde endent Examiner's Re ort on the Accounts Raport to th• Trustsès of Goldsmiths Community Association Limitsd (Charlty no.. 114147SI for thè Yèar Endèd 31 March 2024 I report to the trustees on my examination of the accounts of Goldsmiths Community Association Limited I'lhe Charity") for the year ended 31 March 2024, set out on pages 6 to 12. R8sponslbllltl8s and basls of report As the Charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 1.the Act.). I rtsport in respect of my examination of the Charity's accounts cerried out under sedion 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of th8 Act. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect". the accounting records w&re not kept in accordance with section 130 of th& Charities Act., or th8 accounts did not accord with tha accounting récords," or Independent examiner's statement the aCCOLJnts did not comply with the 8pplicable requirements concerning the fomi and eontent of accounts set out in thè Charities (Accounts and Reports) RegLJlations 2008 othar than any requirement that the accounts give a 'trLJe and fair, view which is not a matter considered as part of an independent examination. I havè no con¢èrns and hava ¢omé across no other matt8TS in ¢onnèction with the examination to which attention should be drawn in this report in order to enable a proper LJnderst8nding of the accounts to be reached. Signed: Date.. 4iiv2024 Name: Giv&n Chanelsa-mazarura, FCA (for and on behalf of VE Accountino Services Limited) Professional bodv.. Institute of Chartered Accountants in Enqland and Wales (Membership No.: 26497921 Addrèss.. VE Accountino Services Limited Chartered Accountants 125 Temple Hill Dartlord DA15TU
Goldsmiths Community Association Limited Charity No.. 1141475 Annual accounts for the year end 31 March 2024 Statement of Financial Activities Unr8Stricted funds Restricted Endowment nds funds Prior year fund5 Total funds Incoming resources (Note 31 Income and endowments from= Donations and grants Other incom8 Total R&sourc8s èxpanded (Not8 51 Expendlture on.. Charitable activit18S Other Total 421 129623 130,044 25,622 26.043 129 623 155,666 25,473 122 581 148.054 25,622 52,423 53,340 105.763 10,637 14,794 25,431 63.060 68,134 131,194 86,785 74,600 161,38S Net incomellexpenditurel 24.281 24,472 {13,3311 Net 98in$lllossesl on invèstments Nèt In¢omellexpendlturel Net movement in lund5 24,281 24,281 24,472 24,472 (13,3311 113,3311 191 Reconciliation of funds.- Total funds brought forward Transfers Total funds ¢arried forward 39,552 246 39,798 53,129 63.833 437 64,270 39,798
Goldstnf(hs Cotnmunity Association Limited Charity No.- 1141475 Annual accounts for the year end 31 March 2024 Balance Sheet Unrestricted nd$ Restricted nds Endowment funds Total Ihis Total last year Current assets Debtors INote 81 a$h a¢ bank and In hand (Notè 71 Total currentassets 11.862 54.047 65,909 11.862 54,484 66,346 7.173 35.231 42,404 437 437 Cr•ditors: amounts falllng due wlthln one year (Nots 91 2,076 2,076 2,606 Net current 888ets/{Ilabllltles} Totala$$ets less ¢urrentli#bilities 63,833 437 64,270 39,798 Total netassets or liabilities 63,833 437 64,270 39,798 Funds of the Charity Restrictsd and unrestricted funds INoto 101 Toi•l fund$ 63,833 437 64,270 39,798 Signed on behalf of all the lyuslees nature Print Name Dale Susanna E*$1 iV2024
Goldsmlths Communlty Assoclatlon Llmlted Charity No.. 1141475 Annual accounts for the ear end 31 March 2024 Notes to the accounts Section C Note 1.. Basis of preparation 1. Basis of accounting These accounts have been ppared under the hSslorf¢al cost convenllon ¥vlth Items re¢ognlsed at ¢ost or transacllon value unless otherwise stated in th& relevant notelsl to these accounts. The accounts have b8en prepared in accordance with lil the St8t&ment of Recommended Pr8¢b"¢e.' A¢¢ounting and Reportino by Charities pparIng their a¢¢ounts in a¢¢ordan¢e th the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014, lill the Financial Reporting Standard applicable in the United Kingdom 8nd Republi¢ of Iland IFRS 1021. and Iiiil the Charities Act 2011. Note 2: Accounting policies 2.1 INCOME Re¢ognltlon of Income Income is included in the Ststement of Finantyal Activities ISOFAI when.. the charity b8com8s entitled to the resource5', it is more likety than not that the trustees will re1ve the resour¢es.- and the monetary value Can be m8asur8d with 8uffici8nt rgliability. Offsetting There has been no offsetting of asset5 and liabilities, or income and expenses, unless required or pemiitted by the FRS 102 SQRP or FRS 102. Grant5 and donations Grants and donatSons are only Included in the SOFA when the general Inrne re¢ognltSon ¢rlterSa a m8t15.10 to 5.12 FRS102 SORPI. In the case of performance related grants. income is re¢ognised to the extent that the Charity has prDvid8d the sp8cifi8d goods or services 88 entitl8ment to th8 grant only occurs when the perfomiance related Conditions are met15.16 FRS 102 SORPI. Government grants The tharity has received government grants in the rewrting period Support costs The charity has incurred expenditure on support costs. Volunteer help The value of any voluntary help received is not included in the accounts but is described in the trustees, annu81 report. 2.2 EXPENDITURE AND LIABILITIES Liability recognition Liabilities a gnised Whe It is more likely than not that there is a legal or ¢onstru¢tive obligation committing the charity to pay out resources and the smount of the obligation can be measured wlth reasonable rtaInly. GovernanGe and support Support costs have been allo¢ated between goverrnan Costs and other support. Goveman¢e Costs costs compris8 all costs involving public accountability of the charity and its compliance with r8gul8tion and good practice. Support cost5 include central functions and have been allOted lo activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or pÈr Capit8. Staff costs by the tirne spent and other cost5 by their usage. Grant5 with performance condltlons Where the charity gives a grant with conditions for ils psyrnent being a specific level of service or output to b8 provid8d, such grants ar8 only r8cogni88d in th8 SOFA once the recipient of the grant has provided the Specified servi or output. Grant5 payable without pÈrfomiance condltlons Where the a no conditions attaching lo the grant that enables the donor ¢harity to all$ticallY avoid the commitment, a liability for the full funding obligation must be recogni8ed.
Goldsmlths Communlty Assoclatlon Llmlted Charity No.. 1141475 Annual accounts for the ear end 31 March 2024 Notes to the accounts Icontinued Deferrod incoma No material item of deferred income has been included in the accounts. Cr8ditor5 The charity has creditors which are measured at settlement amount5 les5 any trade dIOunts Provisions for liabilities A liability is measured on recognition al its historical cost and then subseouently measured at the best estimate of the amount required to setle the olgatiOn al the reporting date 2.3 ASSETS Debtors Debtors linduding trad8 d8btors and loans r8ceivablel 8r8 m8asured on initial r8(x)gnition at settlement amount after any trade discounts or amount advanced by the Charity. Subsequently. they are measured at the cash or other consideration expected to be received. Note 3 Analysis of income Unrestricted funds Restricted fijnds Total funds Prloryear Analysis Lewisham Main Gr8nl L&wisham NCIL Funding Quaèn's Platinum Jubiléé Warm Welcomes National Lottery Community FLJnd Food Growing Activity Grant Macmillan Fundrasing Other donations Donations and grants.. 10,000 15,000 10,000 15,000 10,000 11,250 300 2,800 412 412 250 178 695 25,473 210 210 421 26,043 421 421 Total 25,622 Other income= Hire of pr8mi58S Covid t8sting sitg rent Apple Tree sales Other income 128,287 128,287 112,019 9.436 687 439 122,581 585 751 129,623 585 751 129,623 Total TOTAL INCOME 130,044 25,622 155,666 148,054 Note 4 Analysls of recelpts of government grants This year Last year Description London Borough of Lewisham Lewisham NCIL Funding National Lottery Community Fund Other Government 10,000 15,000 412 10,000 11,250 Othar Total 25,412 21,250
Gold$mlth$ ¢ommunlty A$so¢latlon Llmlted Charlty No.. 1141475 Annual accounts for the Notes to the accounts Icontinuedl ear end 31 March 2024 Note 5 Analysis of expenditure UnrastriGtod funds RBstri¢tod funds Total funds Prioryear Analy51S Staff costs Project activities Education and training Total expondltura on charltablo activities Expenditure on charltablè activities 52,255 48 120 9,997 640 62,252 688 120 84,964 1,821 52,423 10,637 63,060 86,785 other Light and heal Water Pension Telephon& and inlern&t Consumablès AccoLJntancy Consultancy Cleaning SLJbscriptions Software Bad debts written off Advertising Bank charges Repairs and maintenance Insurance Apple Tree costs Computer and sound equipment Printing and ststionery SLJndry Total othèr èxp•nditur# 13,744 2,761 985 740 502 613 3,943 16,849 195 485 13,744 2,761 985 740 502 613 3,943 16,849 195 485 15,928 1,841 1,645 597 1,076 613 4,493 10,839 179 252 2,286 232 387 31,328 2,121 27 103 653 14 14 441 23,981 2,208 9,187 2,208 14,794 30 616 27 53,340 30 616 27 68,134 14,794 74,600 TOTAL EXPENDITURE 105,763 25,431 131,194 161,385 Note 6 Detalls of certaln Items of expendlture Fees for examination of the accounts This year Last year Independent examiner's fees 600 6.1 Staff Co$tts This yoar L•$t yoar Salaries, wages and soaal security Pension costs (defined contribution scheme) Other employee cosis 62,252 985 120 63,357 84,964 1,645 Total staff costs 86,609 6.2 Average head count in the year This year Last year Number Number The parts of the charity in which the employees work ChEritable Ectivities Governan Total
Goldsmlths Communlty Assoclatlon Llmlted Charity No.. 1141475 Annual accounts for the ear end 31 March 2024 Notes to the accounts Icontinuedl Note 7 Cash at bank and In hand Th1$ year Last year CAF Gold Account CAF Cash Goldsmiths Paypal Soldo Cash In Hand 40,722 11,482 23 33,143 241 304 1,520 35,231 298 1,982 54,484 Total Note 8 Debtors Analysis debtors This year Last year Trade debtors Special schemes 11,862 7,173 Total 11,862 7,173 Note 9 Credltors and a¢¢rual$ Analy$l$ of ¢redltors and accruals Thls year Last year Suppliers Other creditors Accruals and deferred income 310 1,766 711 1,895 Total 2,076 2,606
Annu81 Bttounts for the arend 31 M8rch 2024 Noty10 Chpntyfund¥ 10.1 matérfalfunds hèld and¥41&dIn0 tho CURRENTrwrtlnll Fund baLin¢ès ght Fund baLin¢•s TypB P& EE tsrUR' PpÈèd Rèitriobts fonvBrd 1088aB FU1m FUndPain Low15ham GT3nl UR 2.134 R9s1nGd wMmuY na8rFUnthng ReslnGdndSF0rNtsmlIl8TrGh RenCt£d mmUdi GBngTr1 ndsWIthrn r831nthnB Re81nctad 9mm8tfUndinf0rwUa lo.0 45$ NB111 LDtt£ryCommunItyFd rn31 Fund Lwirn NCILFunding Cth8rfund3 UR 1J),(M 18,WO lo3.) UR .270 Tr&lRestrlGted Fund UtrI¢d Fund 25.622 130.044 155, 39.552 64.270 1D2 FU1&M PurPD&PDftdO&vatMjn knDunt Fur*&131d ForMBcmillBnGharity. b8trn5TvEtDlheCh8tr Th1 b?cBndQY8TtondinfDWln¥B 456 LlSh• WIL