2021-04-05-accounts - Loughborough Junction Action Group

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REGISTERED COMPANY NUMBER: 08100566 (England and Wales)

REGISTERED CHARITY NUMBER: 1150852

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021 FOR

LOUGHBOROUGH JUNCTION ACTION GROUP RESTATED (A company limited by guarantee)

LOUGHBOROUGH JUNCTION ACTION GROUP CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2021

	Page
Report of the Trustees	1 to 8
Report of the Independent Examiner	9
Statement of Financial Activities	10
Balance Sheet	11
Notes to the accounts	12 to 16

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

The Trustees present their report with the financial statements of the Loughborough Junction Action Group for the year ended 5 April 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08100566 (England and Wales)

Registered Charity number

1150852

Registered office

25 Loughborough Park London SW9 8TP

Trustees

Anthea Mary Masey - Chair John James David Frankland – Deputy Chair Jon Nash – Treasurer Stephen Bellas (Resigned – 03.08.2020) Clive Francis Timothy Gaymer Fay Harriott (resigned 11.01.2021) Jan Hegenbart Kathy Jones Michelle Kane Hazel Dorinda Watson Jeffrey Yusseff

Bankers

The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT

Independent Examiner

Tom Wilcox FCIS FCIE DChA Counterculture Partnership LLP Unit 115 Ducie House, Ducie Street, Manchester, M1 2JW

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Loughborough Junction Action Group is a registered charity (No 1150852) and a company limited by guarantee not having a share capital (No 08100566). Loughborough Junction Action Group (LJAG) is a company limited by guarantee, incorporated on 11 June 2012, governed by its Memorandum and Articles of Association. It registered as a Charity with the Charity Commission for England & Wales on 18 February 2013. Prior to this Loughborough Junction Action Group existed as a community group, which was established in 2008.

The Charity is run by the Board of Trustees, detailed above. The Trustees meet regularly to review the performance of the Charity, consider risks and issues affecting the Charity, and to review the future plans of the Charity.

Appointment of new Trustees is governed by the Memorandum and Articles of Association, as amended by special resolution on 8 February 2013.

RISK MANAGEMENT

The Trustees actively review the major risks the Charity faces on a regular basis including risks to its future grant income. The Trustees have also examined other operational and business risks faced by the Charity and have established systems to mitigate these risks.

PUBLIC BENEFIT

The Trustees confirm that they have complied with their duty in Section 17 of the Charities Act 2011 to have due regard to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and planning its future activities.

The Trustees have considered the Charity Commission’s guidance on public benefit and they believe that the support provided to the Loughborough Junction Action Group allows its objectives to be met for the benefit of those who live and work in Loughborough Junction.

OBJECTIVES AND ACTIVITIES

The objectives of the charity are the advancement of education, the relief of poverty and improvement of the natural environment in the Loughborough Junction area.

The charity seeks to do this through its own work and also through the support of any charity in Lambeth whose objectives are in line with these.

The main activities during the year were to use grants received to pursue these objectives.

The Work of LJAG

The Loughborough Junction Action Group (LJAG) is a social action charity based in the Loughborough Junction area of south London. We aim to improve the environment of Loughborough Junction and the lives of the people who live here.

It is our mission to make Loughborough Junction a great place to live and work. We wish to inspire pride and a sense of place in Loughborough Junction. We work to achieve this through projects focused on skill-sharing, community gardening and food growing, place-making, children’s activities and community events.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

FINANCIAL REVIEW

During the year the charity had an income of £402,107 (£135,303) comprising grants, sales, donations and GiftAid. This was used to run the Loughborough Farm, The Platform Café, the Grove Adventure Playground, and community engagement activities in Loughborough Junction.

During the financial year to 5 April 2021 we received funding from the following organisations and grant-giving charities: BBC Children in Need; Brixton Energy; Eat Out To Help Out; Edward Gostling Foundation; Lambeth Forum Network; Lambeth council EIPS; Lambeth council Make Summer Memorable; Lambeth council CLIPS; Lambeth council business support; L&Q Placemakers; London Community Response Fund; People’s Health Trust; Peter Minet Trust; Power to Change CCLORS; School for Social Entrepreneurs; Sir Walter St John’s Educational Charity; Vassall & Coldharbour Covid-19 Response Consortium; Western Riverside Environmental Fund; and many smaller donations from foundations and trusts and generous individuals. We raised money from two Crowdfunders. The Platform Café raised money for its emergency response to the Covid-19 pandemic which enabled it to provide free meals for those in need; and the Loughborough Farm raised money for its programme of wellbeing events; both were supported by Lambeth council.

Since the end of the financial year we have raised a further £252,000 in grants from Awards4All; BBC Children in Need; The Platform Café Crowdfunder including Lambeth council contribution; GLA Greener City Fund; Julia & Hans Rausing Trust; L&Q Placemakers; Lambeth council business support; Lambeth council EIPS; Lambeth council HAF; Lambeth council SEND stay and play and short breaks; Lambeth Forum Network; Lambeth Wellbeing Fund; Merriman Charity; Peter Minet Trust; Postcode Lottery; School for Social Entrepreneurs; and the Truemark Trust.

Once again we want to single out the grant from Peter Minet Trust which in 2020 awarded LJAG an unrestricted grant of £30,000 a year for three years. This will fund LJAG’s development work and it is a pleasure to work closely with the trust as we determine the future of LJAG together.

This funding allowed us to appoint a part-time development and fundraising manager Margaret Adjaye who brings with her a wealth of experience of running community businesses as a community business panel member and peer broker for Power to Change and as hub director at the Upper Norwood Library Hub, which is now run as an important community hub.

We would particularly like to acknowledge the help we have received this year from Sarah Coyte and Gerry Evans our Capacity Building officers at the Lambeth Forum Network; Tom Cunningham from Lambeth council Children’s Services and our local councillors, Donatus Anyanwu, Jim Dickson, Pauline George, Emma Nye, Scarlett O’Hara, and Becca Thackray.

And our thanks also go to our hard-working teams of workers and volunteers who keep our projects going and who are the public face of LJAG. Special mentions for Nick Lewis, Oli Perrins, Leah Hargreaves and Ashlee Aderele without whom the Grove Adventure Playground wouldn’t exist; to Emily Myers, our Loughborough Farm co-ordinator, who with a team of volunteers, kept the Farm and the orchard in Wyck Gardens watered and planted during the long hot pandemic spring and summer; to Charlotte O’Connor, Johanna Gilmour and Sophie Lawrence at The Junction Café who kept the community and our volunteers fed with delicious vegetarian meals; and to Karen Hooper, from our Wish You Were Here, informal social prescribing project, who kept in touch with many of our most vulnerable volunteers.

Reserves Policy

The Trustees monitor the grants that it receives and in order to continue its work it works towards maintaining a reserve equal to three months expenditure as outlined in its reserve policy.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

ACHIEVEMENTS AND PERFORMANCE

This report covers the year to 6 April 2021, the worst months of the Covid-19 pandemic. This unprecedented event hit our community particularly badly. Our financial figures illustrate how LJAG rose to the challenge. We were able to take advantage of the many funding opportunities that arose and our community generously donated to two crowdfunding appeals.

LJAG responded to the pandemic with two emergency trustees’ meetings in March and early April. At the Grove Adventure Playground, managers and volunteers distributed food parcels supplied by Lambeth council and the Healthy Living Platform to 30 families, isolating individuals and Those With No Recourse to Public Funds for 13 weeks and later distributed breakfast boxes to families in need and ran an informal food bank with surplus food donated by City Harvest. The Platform Café successfully fundraised to offer free cooked meals to those in need in Loughborough Junction. This effort included a Crowdfunder that raised over £17,000, to support local people, volunteers and mortuary workers at King’s College Hospital. The Loughborough Farm kept growing produce for volunteers, the Café and the community and ran a number of outreach projects. Free tomato and herb plants were distributed on the Loughborough Estate and a programme of free health and wellbeing workshops was run throughout the summer and autumn. We also ran a laptop recovery programme with local social enterprise AGT and distributed reconditioned computers, donated by residents, to families and individuals who were digitally excluded.

The Grove Adventure Playground

The Grove Adventure Playground is LJAG’s largest project. This lovely playground with some of the most adventurous structures in London has become a safe haven for many local children and young people, most of whom live in flats in the nearby estates of social housing with no access to private gardens. This was a particularly challenging year for the playground as its very essence depends on children and young people coming together to play. However, the Grove Management committee decided to close the playground after the Saturday session on 7 March 2020 as it became increasingly clear that keeping the playground open would put the children and their families at risk. During the first lockdown the playground moved its operation on-line with Oli Perrins leading storytelling sessions and playworker Joe Booker leading sports and fitness activities. Every effort to keep the doors of the playground open was made in order to provide the most imaginative and varied service possible under the restrictions, including a socially distanced running club, our community library as well as acting as an emergency food distribution hub.

The playground reopened in July 2020 for a limited summer playscheme with numbers restricted to a maximum of 30 a day in two socially-distanced bubbles of 15. The play scheme ran entirely outdoors for four days a week for five weeks. Two days were dedicated to the younger age group, age six to 10; the other two days to the older children, age 11 to 14. A group of young volunteers, those age 15, were invited to attend all sessions to help. A total of 84 children and young people attended. The playscheme was operated in close co-operation and with the agreement of Lambeth council. Preparations for opening the playground were logistically complicated and involved a complete rearrangement of the internal and external spaces which brought with it considerable additional expense. Nick Lewis was able to negotiate an additional grant of £9,000 from Lambeth council to cover the additional costs associated with this work.

The Grove took part in the Department of Education’s Summer of Food and Fun, an experimental “holiday hunger” programme, held in Lambeth and Southwark, run by Kitchen Social in conjunction with the GLA, which was led at the Grove by our playworker/chef Leah Hargreaves. The programme, although not generously funded, and involving a lot of additional paperwork, allowed us to provide a hot cooked meal every day during our summer playscheme.

The Grove provided a supervised “stay and play” provision for children and young people with special needs and disabilities (SEND) and their families during the summer play scheme. The Grove is working to extend its SEND provision and move towards offering an integrated play service. Since the year end, the Grove is now registered with Lambeth council as a SEND Short Breaks provider.

Our initial lease from Lambeth council ran for three years from June 2018 and with our future uncertain beyond June 2021 we started negotiations to enter into a new 10 year lease. This new 10 year lease was concluded after the end of this financial year in June 2021. We are now in a position to confidently plan the future of the playground so that it can continue to serve the children and young people of Loughborough Junction.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

The Loughborough Farm

The Loughborough Farm is a successful community food growing project on a piece of once derelict land on Loughborough Road. The Farm closed its group sessions in the middle of March 2020 due to the pandemic and lockdown. However, the Farm was kept planted and watered by a dedicated group of volunteers who went in singly or in pairs. Special thanks are due to volunteers: Ophelia Gisquet, Harriet Hall, Becky Jenkinson, Sue McClymont, Migle Pikelyte, Heather Seal, Becky Payne, and Ben Tilby. Other volunteers were able to pick up a harvest bag of fresh vegetables during their daily exercise. Karen Hooper kept in touch with more isolated volunteers by telephone and Anthea Masey ran a weekly online ‘teabreak’. As lockdown and social distancing restrictions were relaxed the Farm restarted their group sessions with restricted numbers and increased their twice weekly sessions to four per week.In autumn 2020 they opened up to new volunteers.

The Farm’s outreach project on the Loughborough Estate connected with 106 families who received either a tomato or herb plant. Most families now receive our fortnightly e-newsletter and 27 have joined the “tomato growers of LJ” Whatsapp group and are able to communicate with each other about their growing experiences.

During the summer, autumn and winter the Farm ran a programme of health and well-being workshops, some delivered on-line by Zoom others in small socially-distanced groups in our local parks. Ceri Buckmaster led two grief walks through nature for those suffering loss, either of a loved one, a job, or relationship. Stephen Stockbridge held two spoon carving workshops in the nature garden in Ruskin Park. Ldn Dares Theatre Co led a body positivity and confidence webinar. On a warm August day Zeenat Fayyaz led a Laughing Yoga session in Wyck Gardens followed by a free lunch at The Platform Café and also led an on-line session. Heather Seal ran two fermenting workshops, one outside The Platform Café, and one on-line with everyone learning the basics of making sauerkraut. Tony Bailey ran two drumming workshops, one on-line the other outdoors in Wyck Gardens. Some participants were grateful to be able to attend a workshop on-line, while others loved being in a small group outside, some saying it was the first time they had attended an outdoor event since the beginning of lockdown.

In September, the Farm launched a successful Crowdfunder which raised £7,555 from local residents and Lambeth council to support its work to keep the Farm sessions running, distribute tomato plants and run more wellbeing workshops. You can view the film on Loughborough Farm’s youtube channel. https://www.youtube.com/watch?v=Va_UtUdiaLU&t=60s

Wish You Were Here (WYWH) is led by volunteer Karen Hooper. Having to be outside Lambeth during lockdown Karen supported people via phone, text, email and letters, including residents in nearby Styles Gardens of Loughborough Estate who are developing their own gardens. Karen also kept in touch with isolated Farm volunteers, some who were hospitalised and some who were not able to visit the Farm. This included two volunteers facing immigration issues, both diagnosed and suffering with post-traumatic stress disorder(PTSD). One was able to get temporary housing following a distressing time in a hostel following lockdown. She has since secured permanent accommodation. Our asylum-seeker volunteer, after a traumatic battle after being sent to inappropriate Home Office accommodation, was granted housing back in Lambeth, near his support network.

The Loughborough Farm occupies part of LJ Works, a GLA and Lambeth-funded affordable workspace scheme for local people which we welcomed. LJ Works was agreed in January 2016 and was meant to open in summer 2017. It is a matter of great regret to us that delays by Lambeth council in completing the project mean that LJ Works will not open until the hard landscaping is complete in summer 2022, nearly five years late. This has put at risk funding of £15,000 which the Farm obtained for rebuilding the Farm and to provide the site’s green landscaping. These delays have seriously affected the Farm, delayed development plans and have been the cause of distress and anxiety for our hard-working staff and volunteers.

The Farm continues to support food growing at Moorlands Nature Garden Allotment; at Southwell Road Residents’ Garden and in the Wyck Forest Garden orchard where the Farm holds twice monthly gardening sessions.

The Farm management committee meets on the first Wednesday of the month and there are active sub-groups working on DIY and crop-planning.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

The Platform Café

The Covid-19 pandemic brought a change in direction for The Platform Café. It stayed open, with social distancing measures in place, for takeaway vegetarian meals on Wednesdays, Thursdays and Fridays cooked by our resident chef, Sophie Lawrence, which proved very popular in lockdown. As lockdown was eased, café tables were set up outside enabling our customers to eat their takeaways in small socially-distanced groups outside the café.

More significantly, The Platform Café started a free meals service for those in need. Funding for this initiative came from London Community Response Fund Wave 1; Lambeth Community Fund, Charities Aid Foundation (CAF), and our successful Crowdfunder which raised over £17,000. Working with the Grove Adventure Playground, Max Roach, Carers4Carers the Café distributed over 2,000 free meals to families in need. We regularly fed homeless and isolated individuals who made their way to the Café, and delivered meals to disabled and shielding individuals on the Loughborough Estate and further afield. In addition, we supplied free meals to mortuary workers at King’s College Hospital, who at the height of the pandemic were working in particularly difficult and heart-breaking conditions.

Our Café manager Charlotte O’Connor returned from maternity leave and she and deputy manager Johanna Gilmour and chef Sophie Lawrence started to plan the next stage of The Platform’s development. Charlotte attended the prestigious Power to Change and The School for Social Entrepreneurs Trade Up programme, a year-long course which carried with it a grant of £10,000 with an additional grant of £750 for up-grading financial reporting systems. Providing free meals for those in need continues to form part of the social benefit provided by The Platform Café.

At the beginning of April 2020 we were renting The Platform from Meanwhile Space CIC who in turn rented it from Lambeth council. After many delays LJAG finally entered into a temporary two year lease with Lambeth council in June 2021. We produced a business plan to support the continued operation of the Café as a business offering a social benefit to Loughborough Junction. We are now planning improvements to the Café and since the end of the financial year, we crowdfunded £15,550 and put in an application to Lambeth’s Social Benefit Fund which was successful. Since the end of the financial year our efforts have already paid for an upgrade to the electrical system which will enable us to install a coffee-making machine to provide barista-style coffees.

Craft workshops

Before the pandemic hit, LJAG held Craft workshops led by former trustee Maude Estwick and trustee Hazel Watson every Friday during term time at the Grove Adventure Playground. The workshops teach knitting, crochet and machine sewing. They are passing craft skills down the generations and tackle loneliness and isolation. Learning to sew using a sewing machine is particularly popular with people keen to make or repair their clothes. Sadly, the pandemic forced us to close the Craft Workshops as we were not able to provide safe social distancing.

In recent weeks, LJAG has been exploring the possibility of running these popular workshops again. We are looking for new sources of funding and will start running the workshops again on Tuesdays from 11 January from a beautiful room at the Carnegie Library in Herne Hill Road.

Greening the Junction

LJAG volunteer Armeet Panesar from architects Poroban obtained funding from the GLA Greener City Fund to build planters linking Ruskin Park with Wyck Gardens. The Loughborough Junction Green Link planters were built and planted by social enterprise Father Nature and have been designed to create a green corridor through Loughborough Junction’s town centre improving air quality and providing a range of plants that will cope with climate change and increase diversity. Local volunteers have been involved in planting and maintaining the planters.

LJ Neighbourhood Forum

The Neighbourhood Forum is a local forum facilitated by LJAG, which meets on the last Wednesday of the month. Its terms of reference are to deliver the Loughborough Junction Plan; encourage and facilitate public realm improvements; and investigate the possibility of working towards a recognised Neighbourhood Forum under the Localism Act.

Loughborough Junction is under considerable development pressure with around 600 new homes either in planning or known to be in development. During the year officers from Lambeth council attended the Forum to discuss the Brixton Liveable Neighbourhood Project, Brixton Creative Enterprise Zone and the Stride training programme.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

We attended planning consultations on the proposed development of Geoffrey Close, the housing estate between Lilford Road, Kenbury Street and Flaxman Road where a joint venture between housing association Riverside and developer Bellway is proposing 400 new homes; and on plans by BizSpace to build a mixed used development of industrial uses and homes on the Lilford Road Industrial Estate.

LJAG and the Neighbourhood Forum ran a campaign to oppose developers Metaphorm’s twin towers development of two towers blocks of 29 and 20 storeys, on a site bounded by Hinton Road, Hardess Street and Wellfit Street. Lambeth council refused permission but there was a danger the Mayor of London would call it in for determination after GLA planners gave the scheme a positive report. Fortunately, and following an unprecedented level of opposition, the Mayor of London deferred to Lambeth council and refused to intervene and the scheme in its current form will not now go ahead.

In January, Anthea Masey and Matthew Clarke appeared in front of the planning inspector in support of its opposition to aspects of the revised Lambeth Local Plan. The draft revised Local Plan was published in January 2020 and we submitted improvements to the entry for Loughborough Junction which were accepted. Following threats to dispose of the Grove Adventure Playground site for housing, we also argued that there was insufficient protection in the plan for the Marcus Lipton and Grove Adventure Playground sites. We asked for the two sites to be safeguarded for supervised services for children and young people. As a result the policy was strengthened, although not as much as we had hoped, and a map of the two adjacent sites is now included in the plan for the first time.

The Forum supported residents in and around Loughborough Park in their campaign to oversee Lambeth’s proposed improvements to the park and it advised them on setting up a friends group, which has now been successfully established with a monthly meet-up to litter pick.

Consultation began on ward boundary changes. LJAG and the LJ Neighbourhood Forum submitted a proposal for a new Loughborough Junction ward to include the town centre, and the Loughborough, Hertford, Thorlands, Lilford and Milkwood estates. These proposals were not taken forward and the community of Loughborough Junction will at the next council elections in 2022 find itself in three new wards – Herne Hill & Loughborough Junction, Brixton Windrush and Brixton North, rather than the current two – Coldharbour and Herne Hill.

Partnership working

LJAG worked in partnership with two organisations: Building Young Brixton (BYB) and Vassall & Coldharbour Covid19 Response Consortium. Partnership working is important to us as it connects us to other organisations and charities working in our area; we learn from each other and work towards best practice. It also provides access to sources of funding that wouldn’t normally be available to us. Building Young Brixton is a consortium of nine youth organisations working in and around Brixton which benefit the children and young children who come to the Grove. There are nine organisations in BYB which bring with them a wide range of skills and activities. They are High Trees, the Advocacy Academy, the Baytree Centre, Ebony Horse Club, Grove Adventure Playground, IRMO, Juvenis, ML Community Enterprise and Spiral Skills.

Vassall & Coldharbour Covid-19 Response Consortium (V&CCRC) was formed in the early months of the pandemic to co-ordinate the efforts of local organisations and was funded by London Community Response Fund. The consortium has seven members: Big Local Impact, Chips Peace, IRMO, LJAG, ML Community Enterprise, Myatt’s Fields Park Project, and Repowering London. The consortium met weekly throughout the pandemic. It commissioned important grass roots research which looked at community needs; ran a Christmas emergency poster and leaflet campaign; and set up working groups on employability, health and wellbeing, children and families, and food and essentials. The health and wellbeing working group led by LJAG made important connections in the health sector and works co-operatively with the Fiveways Primary Care Network, which runs the 5 GP practices in Vassall and Coldharbour wards.

LOUGHBOROUGH JUNCTION ACTION GROUP REPORT OF THE TRUSTEES FOR THE YEAR ENDED 5 APRIL 2021

Statement of Directors' and Trustees' Responsibilities

The trustees (who are also the directors of the Loughborough Junction Action Group for the purposes of company law) are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

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 incoming resources and application of resources, including the income and expenditure of the charitable company for that year.

In preparing these financial statements, the trustees are required to:

select the most suitable accounting policies and apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent; and
prepare the financial statements on a going concern basis unless it is not appropriate to presume that the charity will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They 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 charity and financial information included on the charity's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Approved by the trustees on 24[th] January 2024 and signed on their behalf by:

………………………………

Anthea Masey Director and Trustee

LOUGHBOROUGH JUNCTION ACTION GROUP INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 5 APRIL 2021

I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2021.

Responsibilities and basis of report

The trustees (who are also the directors of the company for the purposes of company law) 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 Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’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 charity’s gross income exceeded £250,000, I can confirm that I am qualified to undertake the examination by virtue of being a Fellow Member of the Institute of Chartered Secretaries and Administrators (ICSA), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with the relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).

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.

Tom Wilcox Institute of Chartered Secretaries and Administrators Counterculture Partnership LLP Unit 115 Ducie House Ducie Street Manchester M1 2JW

24[th] January 2024

LOUGHBOROUGH JUNCTION ACTION GROUP STATEMENT OF FINANCIAL ACTIVITIES (including Income & Expenditure Account) FOR THE YEAR ENDED 5 APRIL 2021

Unrestricted
Funds
Restated
Restricted
Funds
Restated
5.4.21
Total
funds
Restated
INCOME FROM:
Notes
£
£
£
Grant and Donations
3a
125,289
234,868
360,157
Other Trading Activities
3b
41,950
-
41,950
Total income
167,239
234,868
402,107
EXPENDITURE ON:
Charitable activities
4
104,184
161,323
265,507
Total expenditure
104,184
161,323
265,507
NET INCOME FOR THE YEAR BEFORE
TRANSFERS
63,055
73,545
136,600
Gross transfers between funds
(1,399)
1,399
-
NET MOVEMENT IN FUNDS AFTER
TRANSFERS
61,656
74,944
136,600
RECONCILIATION OF FUNDS
Total funds brought forward
2,675
7,496
10,171
TOTAL FUNDS CARRIED FORWARD
64,331
82,440
146,771

5.4.20
Total
Funds
£
108,515
26,788
135,303
160,698
160,698
(25,395)
-
(25,395)
35,566
10,171

The statement of financial activities includes all gains and losses recognised in the two years.

All amounts relate to continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

LOUGHBOROUGH JUNCTION ACTION GROUP BALANCE SHEET FOR THE YEAR ENDED 5 APRIL 2021

			5.4.21	5.4.20
			Total funds	Total funds
			Restated
		Notes	£	£
FIXED ASSETS
Tangible assets			-	-
CURRENT ASSETS
Debtors		6	-	11,943
Cash at bank and in hand			147,431	16,193
			147,,431	28,136
CREDITORS
Amounts falling due within one year		7	(660)	(17,965)
NET CURRENT ASSETS			146,771	10,171
TOTAL ASSETS LESS CURRENT			146,771	10,171
LIABILITIES
NET ASSETS			146,771	10,171
FUNDS
Unrestricted funds	9		64,331	2,675
Restricted funds	10		82,440	7,496
TOTAL FUNDS	11		146,771	10,171

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

For the year ended 5 April 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

……………………………… Anthea Masey Director and Trustee

Approved by the board of trustees on 24[th] January 2024

LOUGHBOROUGH JUNCTION ACTION GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

1 Accounting policies

Charity information

Loughborough Junction Action Group. (the charitable company) is a private company limited by guarantee, incorporated in England and Wales. The charitable company is limited by guarantee, not having a share capital and consequently the liability of members is limited, subject to an undertaking by each member to contribute to the net assets or liabilities of the charitable company on winding up such amounts as may be required not exceeding £10.

Accounting convention

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

The financial statements have been prepared under the historical cost convention. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

The charity has taken advantage of the exemption from the requirement to produce a cash flow statement.

The particular accounting policies adopted are set out below.

Restatement

The financial statements of the charitable company have been restated for the period ending 5th April 2021. The restated accounts include transactions from a bank account under the charity’s control, which were omitted in the original accounts. The impact of the restatement is to increase income by £89,336 and expenditure by £40,785. Unrestricted funds have increased by £9,036 and restricted funds by £39,515.

Incoming resources

Grants and donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Cash donations are recognised on receipt

Deferred income represents amounts received for future periods and is released to incoming resources in the period for which it has been received. Such income is only deferred when the donor specifies that the donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Investment income is recognised on a receivable basis.

Resources expended

All expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for its expenditure. All costs have been directly attributed or proportionally charged to the functional categories of resources expended in the SOFA. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which is relates.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.

LOUGHBOROUGH JUNCTION ACTION GROUP NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 5 APRIL 2021

All remaining costs are classified as support costs. Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office and admin costs and supporting marketing costs which are allocated in accordance with budgeted allocations of the relevant expenses to the charitable activity concerned in accordance with funding applications submitted.

Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. 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 available for use subject to restrictions imposed by the donor or through terms of an appeal.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.

Going concern

At the time of approving the financial statements and in the light of the ongoing Covid-19 pandemic, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

LOUGHBOROUGH JUNCTION ACTION GROUP NOTES TO THE ACCOUNTS AT 5 APRIL 2021

3 Income

Unrestricted Funds 2021 Restated £ 81,407 43,882 125,289 41,950 41,950 Unrestricted Funds 2021 Restated £ - 25,978 62,825 1,786 - 13,595 104,184	Restricted Funds 2021 Restated £ 35,152 199,716 234,868	Total Funds 2021 Restated £ 116,559 243,598 360,157 41,950 41,950 Total Funds 2021 Restated £ - 72,913 142,062 29,237 2,700 18,595 265,507 681 6,477 7,110 - 2,113 - 1,043 1,171 18,595

	- -

	Restricted Funds 2021 Restated £ - 46,935 79,237 27,451 2,700 5,000 161,323 - - 5,000 - - - - - 5,000

681 6,477 2,110 - 2,113 - 1,043 1,171 13,595		681 6,477 7,110 - 2,113 - 1,043 1,171 18,595

LOUGHBOROUGH JUNCTION ACTION GROUP NOTES TO THE ACCOUNTS AT 5 APRIL 2021

6 Debtors

Grants and donations Other debtors 7 Creditors: amounts falling due within one year Trade creditors Accruals	2021 £ - - - 2021 £ - 660 660	2020 £ 10,743 1,200
		11,943
		2020 £ 17,305 660 17,965

8 Trustees remuneration and expenses

None of the trustees received any remuneration during the year (2020: £nil).

During the year the amount paid to 1 trustee was £4,664 (2020: £9,564). All reimbursed expenses related to charity expenses which were unable to be paid by the charity’s normal payment methods.

9 Restricted income funds

Grove Laughing Yoga Café Loughborough Farm LFN	Balance at 6 April 2020 £ 3,402 3,073 - 1,021 - 7,496	Incoming resources £ 127,776 - 54,140 47,952 5,000 234,868	Outgoing resources £ (79,238) (2,700) (46,934) (27,451) (5,000) (161,323)	Transfers £ Balance at 5 April 2021 Restated £ 3,118 55,058 (373) - - 7,206 (1,346) 20,176 - - 1,399 82,440	Transfers £ Balance at 5 April 2021 Restated £ 3,118 55,058 (373) - - 7,206 (1,346) 20,176 - - 1,399 82,440
					82,440

10 Unrestricted income funds

General funds	2,675 2,675	167,239 167,239	(104,184) (104,184)	(1,399) (1,399)	64,331 64,331

LOUGHBOROUGH JUNCTION ACTION GROUP NOTES TO THE ACCOUNTS AT 5 APRIL 2021

11 Analysis of the net movement in funds

Restricted income funds Grove Laughing Yoga Café Loughborough Farm LFN Unrestricted income funds Total funds	Net current assets Restated £ 55,058 - 7,206 20,176 - 82,440 64,331 146,771	Total Restated £ 55,058 - 7,206 20,176 - 82,440 64,331
		146,771

12 Purpose of restricted funds

Grove: The purpose of this fund is to pay for the cost of staff, maintenance and other expenses of running the Grove Adventure Playground an open access adventure playground for children and young people aged four to 16.

Laughing Yoga: The purpose of this fund is to pay the costs and expenses of a Laughing Yoga teacher who runs free health and wellbeing events in Loughborough Junction both in person and on Zoom.

Grow To Sell: The purpose of this fund is to grow vegetable and garden plants for sale to the local community to raise funds which are reinvested in the Loughborough Farm.

Café: The purpose of this fund is to pay the expenses of employing a café manager, providing free meals for those in need in the community and to run events on healthy eating.

Loughborough Farm: The purpose of this fund is to employ a Farm manager and to grow healthy vegetables and provide open air volunteering opportunities for the local community.

LFN: The purpose of this fund is to support the core costs of the charity; these include running the LJ Neighborhood Forum, administrative and social media support; insurance and other offices expenses.