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← Carney's Community

2024-01-31-accounts

Company no. 07923708 Charity no. 1150650

Carney's Community Report and Unaudited Financial Statements

31 January 2024

Carney's Community

Contents

Contents
For The Year Ended 31 January 2024
Page
Reference and administrative details 1
Report of the trustees 2
Independent examiner's report 13
Statement of financial activities 14
Balance sheet 15
Statement of cash flows 17
Notes to the financial statements 18

Carney's Community

Reference and administrative details

For the year ended 31 January 2024
Company number 07923708
Charity number 1150650
Registered office and 30 Petworth Street
operational address Battersea
London
SW11 4QW
Trustees Trustees, who are also directors under company law, who served during
the year and up to the date of this report were as follows:
Shnay Chohan
Paul Delaney
Thomas Fitzgerald
Charles Gibson Chair
Gregory Jones
Puja Nayar appointed 8 September 2023
Charles Sackey
Rebecca Smith
Company secretary Thomas Fitzgerald
Senior Management George Turner - Chief Executive
Team Alice Milton-Doyle - Chief Operating resigned 18 April 2023
Officer
Hannah Tulloch - Chief Operating appointed 26 June 2023
Officer
Alice Jhugroo - Centre Manager
Mark Reigate - Head Coach
Trung Chu – Lead Coach
Layla Madkour - Lead Key Worker appointed 27 March 2023
Lizzie Takyi-Akyaa - Lead Youth
Worker
Bankers The Co-operative Bank CCLA Investment Management
PO Box 250 Limited
Skelmersdale One Angel Lane
WN8 6WT London
EC4R 3AB
Independent Godfrey Wilson Limited
examiners Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS1 4QD

1

Carney's Community

Report of the trustees

For the year ended 31 January 2024

The trustees present their report along with the financial statements of the charity for the year ended 31 January 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the Memorandum and Articles of Association and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from January 2019).

Carney’s Community exists to support all young people, but target our resources at those who face poverty, those who are in the care system, those impacted by gun and knife crime, those with families misusing substances or facing domestic abuse and many who have been excluded from school or involved in the criminal justice system. Carney’s works differently by providing long term consistent unconditional support, unlike much statutory provision. We provide a safe space and engage young people in positive activities including boxing, skills workshops, social activities, mentoring and one to one intensive key work.

Carney’s Community was started in 2011, combining the expertise of youth worker George Turner with boxing coach Mark Reigate to help young disadvantaged people turn their lives around. Inspired by boxing legend Mick Carney, we offer a unique approach to mentoring that empowers young people with everything they need to be the best they can be.

For our young people we strive for equality and aim to: ▪Improve physical & mental health;

▪Improve education, skills and employability;

▪Improve community engagement; and ▪Reduce offending & re-offending.

Public benefit

Our main activities and those we try to help are described below. All our charitable activities focus on supporting the most disadvantaged young people, and are undertaken to further our charitable purposes for the public benefit.

Our objects mean our target group is those living in the Wandsworth and Lambeth area, who are aged between 11-30 years old. However, we also open up some our services to those who do not fall in that age bracket or in our target area. The reason being that we are trying to widen the social network of our participants and do not want to put barriers in the way of the benefit we can offer.

What happened in 2023?

This year has been one of many changes. Towards the beginning of the year we recruited three new key staff members, who are now settled in and have enabled us to grow and develop our work. We had the highest number of participants since Covid, with most engaging with us at least twice a week, and provided more hours of key work than any previous year.

2

Carney's Community

Report of the trustees

For the year ended 31 January 2024

We had a great year for awards. One of our participants won a National Lottery Award for a board game he created based on his local estate. Carney’s won two awards at the Houses of Parliament for collaboration work with Youth Battersea and The Battersea Alliance. And one of our staff won the coach of the year award at Wandsworth Get Active Awards. In 2023 we became an accredited Living Wage Employer and recruited a former participant, who was first referred to us 2 years ago by the youth offending team. He is now a dedicated and professional coach. We once again hosted the Fitzroy Lodge Boxing Shows in March and November, providing an opportunity to showcase former Carney’s participants’ talents and raising funds for the organisation. We have worked hard this year to make young people the voice of what we do. Our young people helped interview candidates for a new post, they were the face of our Christmas Big Give Campaign and several joined the Council’s “Limitless” project, using their lived experience to provide advice to the Council.

This year we have done a significant amount of work on our building, including replacing the gym floor, installing air conditioning, general repairs to doors and noticeboards and we secured funding to install disabled facilities, a new induction cooker and extractor fan. However, we continue to face challenges with the building, including several leaks which impacted our ability to deliver services. Replacing the roof is a priority for 2024.

We cannot look back at 2023 without remembering the three young lives, members of Carney’s, that we lost to knife crime, gun crime and mental health. During this time, we have supported the families with funerals, nine nights and spaces for our young people and staff to get support. This is a longterm complex issue to address. We alone are not able to stop these tragedies, but we work very closely with other community organisations, youth services, statutory services, schools, police and social services whilst also campaigning for improved services and support for those from disadvantaged backgrounds and those with Special Educational Needs. This year we have been the community sector representative in the Council’s Multi Agency Risk Vulnerable Exploitation and Youth Integrated Offender Management Panels and are a longstanding member of the Wandsworth Violence Community Forum. In our partnership work we can use shared learning to attempt to make a difference. Although it’s difficult to provide statistics on prevention work, we hope and believe our work has prevented other losses.

3

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Boxing

Our boxing sessions run over 6 days a week, engaging young people from a range of backgrounds, including aspiring competitive boxers, those who are neurodiverse or have disabilities. The sessions are led by former participants we’ve trained as coaches, many of whom are now self-employed as personal trainers and are paid for sessions in schools, businesses and with the public. This year our Head Coach devised and started the “Boxing Toolkit” at the local PRU. You can read more about the impact of this in one of our case studies. The replacement of the gym floor not only enabled us to provide a safe space for young people to train, but it has also made the gym feel more spacious and professional and made the young people feel valued by investing in the spaces they care about. We saw some of our former participants compete at both the Fitzroy Lodge Boxing Club Show and for the first time, for a Boxing dinner fundraiser at the Old Bailey.

Key Work

In 2023 we were invited by Wandsworth Council and the Youth Offending Team to tender for the Turnaround contract which involves taking referrals of young people who have been given a community resolution order and supporting them to make positive life choices. We were successful in this contract because of the success of our key work over the past few years, clear demonstrable evidence and methodology. Already, we have been told by the Head of Service for Adolescent and Clinical Services “I’m so pleased that we have been able to collaborate on the Turnaround programme, and you have exceeded our expectations”.

We have continued to support those most in need with our long term, consistent and unconditional key work support. And we have seen huge successes in people who were given an unfair chance in life, who have moved into paid work, set up their own businesses, learned trades, got jobs in the City, became community champions and all whilst giving back to Carney’s and the local community through volunteering. We have supported those who have come from long term prison sentences, including a young man who spent 9 years in custody and in the past year, since being out, has become a volunteer mentor at YOI Feltham.

4

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Some of the highlights of our key work have included supporting participants to apply for grants via the Make My Mark programme. One of which contributed to expanding a participants' Personal Training brand and another allowed them to gain a business development qualification which they used to develop their own fruit juice business. We have also connected with several organisations to support participants in gaining paid and unpaid apprenticeships, and others in securing courses in further education. And we have successfully sourced employment opportunities for several at risk participants, including those with SEND, at a variety of organisations including at the Wimbledon Tennis Championships. On site at Carney’s we delivered accredited qualifications for our participants in personal training, eyelash extensions and barbering in partnership with Aim High and Fitness Sport & Health Academy.

Bike Workshop

The bike workshop has had huge interest, with the participation of many more young people than predicted. In the past year 44 young people got involved in the bike workshop, learning to repair and fix donated bikes and many earning a free bike after completion of a 6-week course. We have forged a partnership with “Bike Stormz” who have mentored our young bike mechanics. In partnership with Boohoo they organised a fundraiser for our knife crime work with their clothing label “Bikes Up Knives Down”.

Youth Club and Fit & Fed

Our regular youth activities have continued including Youth Club and Fit and Fed, which utilises food surplus from City Harvest to provide a free hot meal 3 days a week and food care packages for those most in need. We have seen a higher demand for free food and have been giving more meals away to young people to take to their families.

In addition to providing a nutritious meal for the young people, we have found that these meals have created an environment where young people feel safe to talk about the issues that are affecting them. In November we ran a workshop asking young people what improvements they would like to see in our centre and the activities we run. Many of the young people described how supportive the staff are and that this is what makes Carney’s feel safe and like home. We’ve run many other workshops throughout the year, some of the highlights being those around Black History Month and a poetry workshop run by one of our key workers.

5

Carney's Community

Report of the trustees

For the year ended 31 January 2024

One of our parents said: “I’ve had three children attend Carney’s over the last 10 years. I’m so grateful how Carney’s has supported me and my children. The workers have been amazing and will always be appreciated by us. ” Our focus has and will always continue to be the long term.

The year in Numbers

In 2023 we supported a total of 688 people. These can be broken down as:

105 of whom had a disability.

6

Carney's Community

Report of the trustees

For the year ended 31 January 2024

We delivered 2,675 hours of activities and services, detailed below, plus 2,989 hours of in session mentoring.

Young people responded in our anonymous survey that because of our work they had improved in: ▪Mental health: 63%;

In general, the longer people come to Carney’s, the less trouble they get in with police or school. In our survey, most young people who hadn’t yet been coming for 6 months said they were getting in more trouble, but those that had been coming for at least one year said they got in less trouble.

7

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Feedback from participants

“[Carney’s has] given me a second home, helped me work on my fitness, helped me discover a passion, helped me channel my energy, and allowed me to get to know people that I am blessed to have in my life.”

“They have been a consistent support to me for years, no one else has offered this.”

“Carney’s helped me meet new people that have inspired me and helped me leave the negative situation I was in. And helped me and my sisters get jobs. So I’m now working full time and have not been in trouble for over a year. If Carney’s wasn’t here then all of this wouldn’t be possible.”

Feedback from partners

“This year I have had the absolute pleasure of working with the team at Carney’s on two projects supporting young people at risk of contextual harm and on the periphery of the offending. Not only are the team unbelievably tenacious in engaging those who would often be referred to as ‘hard to reach’, they’re also super humble about it! I’m in awe of their truly holistic approach, meeting young people wherever they are and wrapping around them and their family. Carney’s embody the core values of high quality community youth work – compassion, inclusion and constructive challenge. Working alongside them in a multi-agency framework has been nothing short of inspiring, effortlessly moving between the face-to-face work with young people and their families and very robust strategic meetings.”

Lucy Knell-Taylor, Evolve Team Manager, Children’s Services Department, Richmond and Wandsworth Councils

“Boxing at a community gym mimics a lot of what we try to achieve with formal mental health interventions. But boxing does this in a way that is accessible to this cohort, with people who look like them, talk like them and have similar life experiences.”

From a Research Report on Carney’s by Aoife Ryan, Trainee Clinical Psychologist

“Communication with Carney’s has been great, they are very cooperative and open to visits and collaborations. It is incredible to see the difference Carney’s makes in people’s lives.” Sara, Laureus Sport for Good, Funding Organisation

Achievement against objectives

Goal 1: Maintain and build on the activities to support vulnerable children and young people

In the past year we have added a further 4 boxing sessions per week. These are smaller sessions targeted at those who want to take boxing more seriously or those that struggle to find a safe space to go after school and before our main sessions. We also delivered many boxing fitness sessions throughout the year including at The Big Play Out, Battersea Community Festival, Get Set Go and more. And we had another successful year of hosting the boxing shows for Fitzroy Lodge, involving many Carney’s participants as boxers and volunteers.

During our youth club we ran numerous workshops including art and poetry and worked with partners to deliver stop and search and healthy relationships workshops. And in the holidays we ran additional activities including trips to Go Ape, London Zoo, Swimming and Cinema. We ran extra sessions at our centre in Brazilian Jujitsu, Girls Wellness Sessions and another “Week of the Warrior”.

8

Carney's Community

Report of the trustees

For the year ended 31 January 2024

A focus for the year has been on increasing Key Work capacity, which we have done successfully. This meant we were able to support 5 people to apply for the Make My Mark Award, with 4 successful applicants receiving £3,000 towards achieving their personal career goals. Working with Aim High we ran an eye lash extension course and a barbering course and with Performance Plus we ran two Gym Instructor Level 2 courses.

Goal 2: Develop a professional and approachable style in our pipeline of staff and volunteers

We have developed a number of systems to improve the professionalism and approachability of staff and volunteers. This has included a new system for volunteers within the boxing sessions and one volunteer progressing to becoming a paid coach as a result.

We have worked on the professional development of staff, including facilitating accredited training in First Aid, Mental Health First Aid, Autism Awareness, Management, Youth Work, Gang Awareness, Safeguarding, Health and Safety. We have also supported staff to develop outside of Carney’s, including several coaches becoming self employed and running their own sessions and personal training. And supporting one to set up their own Community Interest Company. In addition we have ensured we have strong HR processes, including regular supervision, to support staff’s progression and ensure we are delivering the best service for our participants. To support our staff we are working to implement clinical supervision, acknowledging the impact that our work can have on individual’s mental health.

The result of this work is evident from our Head Coach, Giz Chu, winning coach of the year at the Active Wandsworth Awards and our new Senior Key Worker successfully progressing to Lead Key Worker as a result of outstanding work in the year.

Goal 3: Advocate on behalf of the needs of our participants and share the Carney's approach with others

In the past year we have worked hard to advocate for our young people. We have sat on the panel for MARVE, MACE and YIOM, which has helped give us a platform to voice the needs of the most vulnerable participants that are discussed in these meetings. We are also members of the Battersea Alliance, where we are able to share learning and have held mentoring training for professionals from organisations in and around Wandsworth. Our CEO has presented Carney’s approach at many speaking engagements and podcasts, many of which also involved participants speaking and sharing their own lived experience. This included a podcast which has been set up and run by two of our participants. A documentary was created about Carney’s and our approach, which this year came runner up at the Charity Film Awards.

This year we have been particularly campaigning for more employment opportunities for those with SEN and/or criminal records. We have shared this at many events, spoken to many local employers and used social media. Our New Year’s message shared this important campaign, which has now been viewed 8,546 times. We have also been campaigning for our participants, with lived experience, to be employed as consultants and financially rewarded for it. This This saw a huge success when Wandsworth Council announced they were seeking the consultancy skills of young people with lived experience, and financially rewarding them for their expertise and experience with issues such as mental health services, youth justice, housing and more. They have set up a team of paid youth inspectors and two of our participants were interviewed and are now employed in these roles.

9

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Goal 4: Advance the systems supporting this work, including finance, funding and our building

In the past year we have employed a new COO who has particular expertise in finance and funding, enabling us to review our income generation strategy. We have also increased our capacity for fundraising by working with The Integrate Agency CIC to support our applications to trusts and foundations. As a result of both our effective approach to supporting the most at risk young people, good networking and a strong reputation we were invited to apply for Wandsworth’s Turnaround Contract to take referrals from the Youth Justice Service and supported with a £100,000 fundraiser from Media Fight Night.

Over the past year we have identified the areas of priority for improvement to the building, with a strong focus on reducing the chance of leaks and rising water from the plumbing system. We have new contractors and a regular maintenance schedule for the drainage, which has been effective so far. We have also secured funding for refurbishment to the roof above the chill out space which should prevent any leaks into this area. We were successful in securing funding for, and installing, disabled toilets, making the centre more accessible to those with a disability, and we have improved our kitchen by installing a new induction cooker and extractor fan, these both improve the safety of the space and are more energy efficient.

We have changed our monitoring system to Upshot, which has enabled us to better track the improvements of individual participants and reduced the time that monitoring takes overall. This has made our reporting for funding more efficient and is meaning we are better utilising our resources.

Looking ahead

On 26 March 2024 we held a “Vision Day”, an opportunity to look at the big picture of the organisation, our long term aims and impact. With input from trustees, staff and participants we set our organisational aims for the next year. These are:

  1. Employment - We need to focus on employment and in particular working with local businesses to create employment opportunities for our young people, whilst constantly highlighting the need for socially conscious employers. We need to create more capacity within the staff team to be able to support young people into employment (and do the above). And we should continue employing participants and creating opportunities for participants to be employed at Carney’s to model what we want to see from other local employers;

  2. Continue doing what we’re already doing well - This includes our work that addresses many of the current pressing needs for young people: employment (key work), mental and physical health (boxing, cycling, youth club) and support that is tailored to the variety of needs that young people face (key work);

  3. Staff Team - Ensure our staff team is well supported and their mental health is a priority, including creating opportunities for more team building; and

  4. Engagement with women and girls – Identifying how best we can support our young women and girls, e.g. through female only sessions or tailored activities.

Financial review

We remain indebted to the Wand trustees for continuing to afford us the opportunity to occupy this space on a “peppercorn” basis, estimated at £30,000 yearly. We are also thankful for our ongoing relationship with The Power of Boxing as well as other key organisations and funders.

The total income for the year was £617,030, an increase of over 15% on the previous year. Of this, unrestricted income was £358,737 and restricted was £258,293.

10

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Expenditure for the year increased to £498,119 with continued improvement works on the centre including £31,975 for installation of disabled facilities, air conditioning and a new extractor fan, all of which were capitalised.

Expenditure on raising charitable funds increased by 53% to £44,672, which included buying the services of professional fundraisers. Spending on charitable activities increased by 7% to £453,447.

The free reserves at 31 January 2024 were £308,117 which is an increase of £3,977 on the previous year.

Reserves policy

The trustees recognise the need to hold reserves to allow protection of core activities in the event of income shortfalls, to promote balanced, long term, strategic planning and to enable Carney's Community to carry on supporting the most disadvantaged members of our society.

Carney's Community's reserves policy is that 6 to 9 months of operating expenditure will be held in free reserves. For the financial year 23-24 this is budgeted as £289,000 to £434,000. This figure is monitored and reviewed by the board of trustees on an annual basis. At 31 January 2024 Carney's Community had total funds of £534,527. Of this £59,946 was restricted, £107,883 designated and £58,581 was fixed assets. Therefore, the total amount of free reserves held is £308,117, which is within the range of the policy.

Organisational structure

Carney’s Community has a Management Committee of 8 members who meet on a quarterly basis and are responsible for the strategic direction and policy of the charity. At present the Committee has 8 members from a variety of professional backgrounds relevant to the work of the charity. A scheme of delegation is in place and day to day responsibility for the provision of the services rests with the Chief Executive.

Staff Team

George Turner – CEO Mark Reigate – Head Boxing Coach Hannah Tulloch – Chief Operating Officer Alice Jhugroo – Facilities Manager Trung “Giz” Chu – Head Boxing Coach Layla Madkour – Lead Key Worker Lizzie Takyi-Akyaa – Lead Youth Worker Aaron Grew – Admin Assistant Sian Fletcher – Finance Officer Denise Wilson – Bike Mechanic Verona Stewart – Community Chef Youseff Roddie Cole - Boxing Coach

Nabil Hammia - Boxing Coach Ibrahim Idris – Boxing Coach Jahrel Laurencin – Boxing Coach Junior Miller – Boxing Coach Ahmed Abdow – Boxing Coach Warren Hutchinson – Youth Worker Jacqueline Gilbert – Youth Worker Nuriya Qamili - Youth Worker Isaac Shukar – Youth Worker Aaron Herbert – Youth Worker Tunde Balogun – Key Worker Bob Turgott – Key Worker

11

Carney's Community

Report of the trustees

For the year ended 31 January 2024

Statement of responsibilities of the trustees

The trustees (who are also directors of the charity for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the income and expenditure of the charity for that period. In preparing those financial statements the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £10 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Independent examiners

Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company during the year and have expressed their willingness to continue in that capacity.

Approved by the trustees on 4 July 2024 and signed on their behalf by

CAW GIBSON

Charles Gibson - Trustee

Thomas Fitzgerald - Trustee

12

Independent examiner's report

To the trustees of

Carney's Community

I report to the trustees on my examination of the accounts of Carney's Community (the charitable company) for the year ended 31 January 2024, which are set out on pages 14 to 31.

Responsibilities and basis of report

As the trustees of the charitable company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charitable company's accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the charitable company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters 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.

Alison Godfrey

Date: 5 July 2024 Alison Godfrey FCA Member of the ICAEW For and on behalf of: Godfrey Wilson Limited

Chartered accountants and statutory auditors 5th Floor Mariner House 62 Prince Street Bristol BS1 4QD

13

Carney's Community

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 31 January 2024

Restricted Unrestricted
Note
£
£
Income from:
Donations and legacies
3
257,825
285,075
Charitable activities
4
468
60,034
Investment income
-
13,628
Total income
258,293
358,737
Expenditure on:
Raising funds
-
44,671
Charitable activities
188,838
264,609
Total expenditure
6
188,838
309,280
Net income / (expenditure)
69,455
49,457
Transfers between funds
(15,512)
15,512
Net movement in funds
7
53,943
64,969
Reconciliation of funds:
Total funds brought forward
6,003
409,613
Total funds carried forward
59,946
474,582		 2024
Total
£
542,900
60,502
13,628
617,030
44,671
453,447
498,118
118,912
-
118,912
415,616
534,528		 2023
Total
£
494,642
40,138
350
535,130
29,236
424,265
453,501
81,629
-
81,629
333,987
415,616

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 15 to the accounts.

14

Carney's Community

Balance sheet

As at 31 January 2024

Note
Fixed assets
Tangible assets
10
Current assets
Debtors
11
Current asset investments
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within 1 year
12
Net current assets
Net assets
14
Funds
15
Restricted funds
Unrestricted funds
Designated funds
General funds
Total charity funds		 £
29,684
285,000
224,975
539,659
(63,712)		 2024
£
58,581
58,581
475,947
534,528
59,946
111,600
362,982
534,528		 2023
£
38,473
38,473
36,485
-
392,632
429,117
(51,974)
377,143
415,616
6,003
67,000
342,613
415,616

The directors are satisfied that the company is entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477(2), and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

15

Carney's Community

Balance sheet

As at 31 January 2024

These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies' regime.

Approved by the trustees on 4 July 2024 and signed on their behalf by

CAW GIBSON

Charles Gibson - Trustee

Thomas Fitzgerald - Trustee

16

Carney's Community

Statement of cash flows

For the year ended 31 January 2024

Cash used in operating activities:
Net movement in funds
Adjustments for:
Depreciation charges
Other interest receivable and similar income
Increase in debtors
Increase in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Increase / (decrease) in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year
Cash and cash equivalents comprises:
Cash at bank in hand
Current asset investments
Total cash		 2024
£
118,912
11,867
(13,628)
6,801
11,738
135,690
(31,975)
13,628
(18,347)
117,343
392,632
509,975
285,000
224,975
509,975		 2023
£
81,629
1,430
(350)
(24,809)
25,679
83,579
(36,833)
350
(36,483)
47,096
345,536
392,632
392,632
-
392,632

The charity has not provided an analysis of changes in net debt as it does not have any long term financing arrangements.

17

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

1. Accounting policies

a) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Carney's Community meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note.

b) Going concern basis of accounting

The accounts have been prepared on the assumption that the charity is able to continue as a going concern, which the trustees consider appropriate having regard to the current level of unrestricted reserves. There are no material uncertainties about the charity's ability to continue as a going concern.

c) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of provision of boxing and mentoring sessions is deferred until criteria for income recognition are met.

d) Donated services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item, is probable and the economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general volunteer time is not recognised.

18

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

1. Accounting policies (continued)

d) Donated services and facilities (continued)

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

e) Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity: this is normally upon notification of the interest paid or payable by the bank.

f) Funds accounting

Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects being undertaken by the charity.

g) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

h) Allocation of support and governance costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Governance costs are the costs associated with the governance arrangements of the charity, including the costs of complying with constitutional and statutory requirements and any costs associated with the strategic management of the charity’s activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities based on the proportion of staff time occupied by each activity as follows:

2024 2023
Raising funds 7.1% 8.2%
Charitable activities 92.9% 91.8%

i) Tangible fixed assets

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

Sporting equipment 4 years straight line
Other equipment 3 years straight line
Fixtures and fittings 4 years straight line

Items of equipment are capitalised where the purchase price exceeds £1,500.

19

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

1. Accounting policies (continued)

j) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

k) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

l) Creditors

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

m) Financial instruments

The charitable company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently recognised at amortised cost using the effective interest method.

n) Pension costs

The company operates a defined contribution pension scheme for its employees. There are no further liabilities other than that already recognised in the SOFA.

o) Accounting estimates and key judgements

In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are depreciation as described in note i above.

20

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

2. Prior period comparatives: statement of financial activities

Income from:
Donations and legacies
Charitable activities
Investment Income
Total income
Expenditure on:
Raising funds
Charitable activities
Total expenditure
Net income
Transfers between funds
Net movement in funds		 Restricted
£
£
160,349
334,293
-
40,138
-
350
160,349
374,781
-
29,236
143,645
280,620
143,645
309,856
16,704
64,925
(42,220)
42,220
(25,516)
107,145
Unrestricted		 2023
Total
£
494,642
40,138
350
535,130
29,236
424,265
453,501
81,629
-
81,629

21

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

3.
Income from donations and legacies
Donations
Battersea Park Youth Club gift in kind
I.G.Y. Foundation
Witheren Foundation
Other donations less than £10,000
Total donations
Grants
National Lottery Community Fund
Garfield Weston Foundation
Clarkson Foundation
Laureus Sport for Good
Allegra's Ambition
Community Fund - Million Hours
JP Lebus
Other grants less than £10,000
Total grants
Total income from donations and legacies*		 Restricted
£
£
-
30,000
-
50,000
-
10,000
43,419
179,075
43,419
269,075
54,120
-
30,000
-
29,330
-
37,917
-
12,050
-
10,000
-
-
10,000
40,989
6,000
214,406
16,000
257,825
285,075
Unrestricted		 2024
Total
£
30,000
50,000
10,000
222,494
312,494
54,120
30,000
29,330
37,917
12,050
10,000
10,000
46,989
230,406
542,900

*The Wand: The trustees of Battersea Park Youth Club (owners of the lease on the premises, the Wand) have granted the charity 'peppercorn rent' on Carney's Community Centre. This is estimated at £2,500 per month, £30,000 for the accounting year (2023: £30,000).

22

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

3.
Income from donations and legacies (continued)
Prior period comparative:
Donations
Battersea Park Youth Club gift in kind
I.G.Y. Foundation
Nettlefold Gayner Foundation
Pantheon Trust
Lara's Family
Childhood Trust
Merriman Charitable Trust
Witheren Foundation
Other donations less than £10,000
Total donations
Grants
City Bridge Trust
Laureus Sport for Good
The April Trust
Children In Need
Allegra's Ambition
Goldman Sachs Gives
Katherine Low Settlement
Rathbones
Angus Irvine
Wandsworth Council
Other grants less than £10,000
Total grants
Total income from donations and legacies		 Restricted
£
£
-
30,000
-
45,000
-
28,000
-
25,000
-
12,500
-
11,000
10,000
-
-
10,000
2,000
141,685
12,000
303,185
24,300
608
24,083
-
20,000
-
14,436
500
11,280
-
26,000
10,000
-
10,000
-
10,000
10,000
-
10,000
-
8,250
-
148,349
31,108
160,349
334,293
Unrestricted		 2023
Total
£
30,000
45,000
28,000
25,000
12,500
11,000
10,000
10,000
143,685
315,185
24,908
24,083
20,000
14,936
11,280
36,000
10,000
10,000
10,000
10,000
8,250
179,457
494,642

23

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

4. Income from charitable activities

Income from charitable activities
Boxing courses and mentoring
Room hire
Turnaraound contract
Other income
Total income from charitable activities		 Restricted
£
£
-
23,030
-
8,781
-
15,000
468
13,223
468
60,034
Unrestricted		 2024
Total
£
23,030
8,781
15,000
13,691
60,502		 2023
Total
£
37,025
2,338
-
775
40,138

All income from charitable activities in the prior period was unrestricted.

5. Government grants

The charitable company receives government grants, defined as funding from National Lottery Community Fund and Department for Culture, Media and Sport Million Hours Fund to fund charitable activities (2023: Wandsworth Council). The total value of such grants in the period ending 31 January 2024 was £54,120 (2023: £10,000). There are no unfulfilled conditions or contingencies attaching to these grants in the current or prior period.

24

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

6. Total expenditure

Raising funds
Charitable
activities
£
£
Staff costs (note 8)
20,729
272,333
Other staff costs
-
6,207
Premises costs
-
82,021
Office costs
-
14,001
Participant costs
-
17,547
Professional fees
19,273
-
Bank charges
-
-
Sub-total
40,002
392,109
Allocation of support and
governance costs
4,669
61,338
Total expenditure
44,671
453,447
Total governance costs were £3,300 (2023: £3,120).
Prior period
comparative
Raising funds
Charitable
activities
£
£
Staff costs (note 8)
22,721
254,361
Other staff costs
-
2,691
Premises costs
-
79,540
Office costs
-
12,183
Participant costs
-
10,413
Professional fees
702
-
Bank charges
-
-
Sub-total
23,423
359,188
Allocation of support and
governance costs
5,813
65,077
Total expenditure
29,236
424,265		 Support and
governance
costs
£
37,046
-
9,114
14,001
-
5,833
13
66,007
(66,007)
-
Support and
governance
costs
£
44,204
-
8,838
12,183
-
5,642
23
70,890
(70,890)
-		 2024 Total
£
330,108
6,207
91,135
28,002
17,547
25,106
13
498,118
-
498,118
2023 Total
£
321,286
2,691
88,378
24,366
10,413
6,344
23
453,501
-
453,501

25

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

7. Net movement in funds

This is stated after charging:

Depreciation
Operating lease payments
Trustees' remuneration
Trustees' reimbursed expenses
Independent examiner's remuneration:
Independent examination (excluding VAT)		 2024
£
11,867
840
Nil
13
2,750		 2023
£
1,430
840
Nil
13
2,650

Trustees reimbursed expenses relate to one trustee being reimbursed for governance costs (2023: one trustee).

8. Staff costs and numbers

Staff costs were as follows:

Salaries and wages
Social security costs
Pension costs		 2024
2023
£
£
306,791
294,351
17,701
17,332
5,616
9,603
330,108
321,286

No employee earned more than £60,000 during the year (2023: Nil).

The key management personnel of the charitable company comprise the Trustees, Chief Executive Officer and Chief Operating Officer. The total employee benefits of the key management personnel were £81,582 (2023: £90,152).

Average head count 2024
No.
21		 2023
No.
21

The average number of full time equivalent employees during the year was as follows:

Full time equivalent head count 2024
No.
8		 2023
No.
9

9. Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

26

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

10. Tangible fixed assets

Cost
At 1 February 2023
Additions in year
At 31 January 2024
Depreciation
At 1 February 2023
Charge for the year
At 31 January 2024
Net book value
At 31 January 2024
At 31 January 2023
11. Debtors
Trade debtors
Prepayments
Accrued income
12. Creditors : amounts due within 1 year
Trade creditors
Accruals
Other taxation and social security
Deferred income (note 13)
Other creditors		 £
36,833
31,975
68,808
450
10,887
11,337
57,471
36,383
Fixtures and
fittings		 £
4,480
-
4,480
4,480
-
4,480
-
-
Sporting
equipment		 £
8,688
-
8,688
6,598
980
7,578
1,110
2,090
2024
£
13,724
5,737
10,223
29,684
2024
£
7,681
5,940
7,152
38,333
4,606
63,712
Other
equipment		 Total
£
50,001
31,975
81,976
11,528
11,867
23,395
58,581
38,473
2023
£
2,488
5,564
28,433
36,485
2023
£
34,689
3,696
9,995
-
3,594
51,974

27

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

13. Deferred income

Deferred income
At 1 February 2023
Deferred during the year
Released during the year
At 31 January 2024		 2024
£
-
38,333
-
38,333		 2023
£
-
-
-
-

Deferred income relates to income received in advance of a contract provision and grant income received in advance of performance related criteria being met.

14. Analysis of net assets between funds

Analysis of net assets between funds
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 January 2024
Prior period comparative
Tangible fixed assets
Current assets
Current liabilities
Net assets at 31 January 2023		 £
-
59,946
-
59,946
£
-
6,003
-
6,003
Restricted
funds
Restricted
funds		 £
-
111,600
-
111,600
£
-
67,000
-
67,000
Designated
funds
Designated
funds		 £
58,581
368,113
(63,712)
362,982
£
38,473
356,114
(51,974)
342,613
General
funds
General
funds		 Total
funds
£
58,581
539,659
(63,712)
534,528
Total
funds
£
38,473
429,117
(51,974)
415,616

28

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

15. Movements in funds

Restricted funds
Core
Boxing
Key Work
Youth Work and Mentoring
Building improvements
Total restricted funds
Designated funds:
Building fund
Capacity building
Key Work (turnaround)
Flood prevention
IT infrastructure
Investments
Total designated funds
General funds
Total unrestricted funds
Total funds
Unrestricted funds		 At 1
February
2023
£
-
4,489
-
1,514
-
6,003
30,000
32,000
-
-
5,000
-
67,000
342,613
409,613
415,616		 Income
£
87,917
21,800
3,500
110,746
34,330
258,293
-
-
15,000
-
-
-
15,000
343,737
358,737
617,030		 £
(60,000)
(26,289)
(3,500)
(90,409)
(8,640)
(188,838)
(8,067)
(17,333)
(15,000)
-
(5,000)
-
(45,400)
(263,880)
(309,280)
(498,118)
Expenditure		 £
£
-
27,917
-
-
-
-
10,178
32,029
(25,690)
-
(15,512)
59,946
(8,500)
13,433
-
14,667
-
-
8,500
8,500
-
-
75,000
75,000
75,000
111,600
(59,488)
362,982
15,512
474,582
-
534,528
Transfers
between
funds
At 31
January 2024		 £
£
-
27,917
-
-
-
-
10,178
32,029
(25,690)
-
(15,512)
59,946
(8,500)
13,433
-
14,667
-
-
8,500
8,500
-
-
75,000
75,000
75,000
111,600
(59,488)
362,982
15,512
474,582
-
534,528
Transfers
between
funds
At 31
January 2024
59,946
13,433
14,667
-
8,500
-
75,000
111,600
362,982
474,582
534,528

Purposes of restricted funds Core

Funds that are specifically for the general running costs of the organisation, not including direct service delivery, for example administration, HR, management, fundraising, finance and the employment of staff to conduct these tasks.

Boxing

A range of boxing sessions for disadvantaged children, young people and adults in and around Wandsworth.

Key work

Intensive, consistent and long term one to one support for the most at risk and disadvantaged young people living in and around Wandsworth.

Youth Work and Mentoring

A programme of activities for young people in and around Wandsworth including youth club, fit and fed (free hot meals), bike workshop and mentoring (including during boxing sessions).

29

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

15. Movements in funds (continued) Purposes of restricted funds (continued) Building improvements For development, maintenance and running costs of the building at 30 Petworth Street.

Purposes of designated funds

Building fund For specific items as listed to improve the facilities at 30 Petworth Street:

▪ Contributing third party payment for the roof repair; ▪ Bike shelter; ▪ Electrical installation for an induction cooker; ▪ Asbestos tests and removals/waste clearance in preperation for building work; and ▪ Repair and replacement of lighting.

Capacity building For development of services and fundraising capacity to support future work. Key work (turnaround) For delivery or our key work project, providing one to one intensive support for high-risk young people. Flood prevention For drain maintenance and repairs work, including the roof outlets, to prevent flooding in the centre and enable normal activities to continue. IT infrastructure For investment in a much-needed upgrade of computer equipment for the staff team.

Investments For the purpose of investing, within the next financial year, to best utilise and create income from our cash reserves, based on the organisation's latest income generation strategy.

Transfers In the current year, the allocation of income and expenditure across funds was reviewed and transfers were made to correct these moving forwards. Designated fund balances were also adjusted to reflect revised future plans for these funds.

In the prior year transfers represented the purchase of fixed assets from restricted funds and the unrestriction of the underspend as agreed by the funder.

30

Carney's Community

Notes to the financial statements

For the year ended 31 January 2024

15. Movements in funds (continued)
Prior period comparative
At 1
February
2022
£
Restricted funds
Boxing and mentoring
7,439
Food program
-
Youth work and outreach
1,200
Bike workshop
-
Building improvements
22,880
Total restricted funds
31,519
Designated funds:
Building fund
5,000
Capacity building
55,000
IT infrastructure
7,000
Total designated funds
67,000
General funds
235,468
Total unrestricted funds
302,468
Total funds
333,987
Unrestricted funds		 Income
£
109,599
8,150
600
2,000
40,000
160,349
-
-
-
-
374,781
374,781
535,130		 £
(112,549)
(8,150)
(286)
(2,000)
(20,660)
(143,645)
(5,000)
-
(4,262)
(9,262)
(300,594)
(309,856)
(453,501)
Expenditure		 £
£
-
4,489
-
-
-
1,514
-
-
(42,220)
-
(42,220)
6,003
30,000
30,000
(23,000)
32,000
2,262
5,000
9,262
67,000
32,958
342,613
42,220
409,613
-
415,616
Transfers
between
funds
At 31 January
2023		 £
£
-
4,489
-
-
-
1,514
-
-
(42,220)
-
(42,220)
6,003
30,000
30,000
(23,000)
32,000
2,262
5,000
9,262
67,000
32,958
342,613
42,220
409,613
-
415,616
Transfers
between
funds
At 31 January
2023
6,003
30,000
32,000
5,000
67,000
342,613
409,613
415,616

16. Operating lease commitments

The charity had operating leases at the year end with total future minimum lease payments as follows:

Amount falling due:
Within 1 year
Within 1 - 5 years		 2024
£
1,008
2,184
3,192		 2023
£
1,008
3,192
4,200

17. Related party transactions

During the year trustees and their related parties donated £3,000 to the charitable company (2023: £3,000).

31