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2021-03-31-accounts

REGISTERED COMPANY NUMBER: 08385640 (England and Wales) REGISTERED CHARITY NUMBER: 1152313

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

FOR

LOUGHBOROUGH COMMUNITY CENTRE

Andrew Thurburn & Co Chartered Accountants 38 Tamworth Road Croydon Surrey CR0 1XU

LOUGHBOROUGH COMMUNITY CENTRE

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

Page
Report of the Trustees 1 to 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 to 13
Detailed Statement of Financial Activities 14 to 15

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31st March 2021. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees confirm that they have had due regard to the Charity Commission's guidance on public benefit when reviewing the Loughborough Community Centre's aims and objectives and in planning activities and priorities for the year. The main objects of the charity are to:

Page 1

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

ACHIEVEMENT AND PERFORMANCE

Charitable activities

The year under review saw a significant increase in income due to additional funders. Overall, expenditure increased on the previous year but to a lesser extent so that the year ended with a satisfactory surplus.

The Preschool's Main source of funding is the Early Learning Entitlement. Other funders include LEAP, SW9 Community Housing, The Big Give and Childhood Trust as well as Kitchen Social - Mayor's Fund. Regular hire of the centre and smaller donations provide an additional income. An important activity is the Holiday Play project with the aim being to bring a new meanCharitable activities The year under review saw a significant increase in income due to emergency funding during the pandemic. Overall, expenditure increased on the previous year, the year ended with a satisfactory surplus.

The preschool provides the main source of funding from the Early Learning Funding Entitlement. Other funders include; o Guys and St Thomas Trust - Urban Health o National Lottery Fund o London Community Foundation o Lambeth Early Action Partnership o Walcot Foundation o Mayors fund for London o The Childhood Trust o The Fore o Sylvia Adams Trust o Lucas Tooth Trust o Lambeth Council o Brixton Energy o Myatts Field Park Project o FareShare o Neighbourly o Tesco bags of Help o Guys and St Thomas Trust o Citi Bank

Income from regular hire of the centre reduced due to the closure of the space during the pandemic. Additional income came from an increase of community support through small donations for the emergency response activities.

The pandemic forced us to close all contact activities but we were acutely aware that many children were going hungry and so we quickly developed an award-winning project Happy Lunch and Play which distributed 4719 meals, play resources and essentials to families in need, reaching 140 children (0 -16 years old).

Established in 1981 by parents for parents, the preschool provides learning opportunities and care for up to 24 children aged 2 to 5 years with an emphasis on outdoor learning. It operates in the term time for 39 weeks a year from 9am to 3pm.

During 20/21 44 children attended the Rosebuds Preschool. 61% entitled to Early Years Pupil Premium.

We believe that play must be at the core of our activities and free to access.

The Holiday Play project continues to be an important activity with the aim of providing nutritious meals, physical and outdoor play, wellbeing support and enrichment for children in a socially inclusive environment during the school holidays. Included is the personal and professional development of young people. Within the workforce of the project were 7 young volunteers (15 - 17 year olds) which is an important part of our approach

In summer 2020, 155 children accessed the project and 964 nutritious meals were served. Children and parents participated in skill-based activities including sport, drama, art, gardening and music.

With the support of partners, including Cycling Uk, Little Village were able to extend to include supportive activities. Max Roach Garden Club - Weekly after school session for children 0 - 13 years old providing regular opportunities for children to play outdoors and access to family

Dads Time - monthly outdoor supportive play session for fathers and male carers with children under 8.

Don't Forget the Baby Project, which focused on families with young children under 2 years old. Providing practical help, befriendment, identification of need and support, signposting to services and distribution of food and essentials.

Page 2

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

Funded by LEAP, our Coldharbour Community Engagement team created and delivered 58 diverse and adapted engagement activities for parents and children including virtual cooking, story and play sessions. Established new partnerships with local organisations including; Lambeth Libraries, Friends of Loughborough Park and Whippersnappers, Parent forums held: 2 Community events: 2 New families were engaged in LEAP activities: 15

Overall in 20/21, 289 children from 181 families accessed our activities.

Our activities are based at the Max Roach Centre in Brixton, Lambeth. Located in Coldharbour, the most deprived ward. The Children's Commissioner Childhood Vulnerability Data April 2020, places Lambeth at the highest rate of children 0 - 4yrs in at risk households with multiple vulnerabilities nationally. This includes poor mental health, drug abuse and domestic violence.

Our community at the centre is predominantly BAME, many families are living in significant poverty with physical and mental health problems, housing needs, domestic abuse, debt, inequality and language difficulties.

Our beneficiaries;

78% are eligible for free school meals 70% of black and brown ethnicities. 25% from other minority groups. 57% were boys 43% girls. 12% have identified additional needs

20 languages other than English are spoken amongst the families.

In the pandemic our beneficiaries said…

73% - We have less money.

55% - We have less food because shops do not have the supplies we need.

39% - I have no way of getting to shops or food banks.

41% - I cannot get the food that meets our diet.

82% - of families taking part with HLP have reported that emergency support has made a positive difference to their families

Enabling families to have access to nutritious food and family support was a key priority for LCC.

FINANCIAL REVIEW

Reserves policy

The charity had closing reserves of £131,840 at 31 March 2021. It is the policy of the trustees to hold free reserves to enable the running costs of the charity to be met for a period of 6 months.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charitable company was incorporated as a company limited by guarantee, as defined by the Companies Act 2006, on 1 February 2013. On 6 June 2013 it was registered with the Charity Commission, taking over the assets of the previous unincorporated charity of the same name (charity number 287995) which was dissolved on 10 March 2014.

Organisational structure

Loughborough Community Centre is run by a management committee which constitute the Board of Trustees.

The charity has no connected charities or companies.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

08385640 (England and Wales)

Registered Charity number

1152313

Page 3

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2021

Registered office

Max Roach One O'Clock Club Wiltshire Road London SW9 7NE

Trustees

R Coney Ms M Aidoo Ms M Denis Ms M Naicker Ms K Evans (appointed 28.5.21) Ms R A Sunter (appointed 27.4.21)

Independent Examiner

Andrew Thurburn & Co Chartered Accountants 38 Tamworth Road Croydon Surrey CR0 1XU

Approved by order of the board of trustees on 31st January 2022 and signed on its behalf by:

Ms M Naicker - Trustee

Page 4

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOUGHBOROUGH COMMUNITY CENTRE

Independent examiner's report to the trustees of Loughborough Community Centre ('the Company')

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

Responsibilities and basis of report

As the charity's trustees of the 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 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 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 your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of The ICAEW which is one of the listed bodies.

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

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or

  2. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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

  3. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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.

Andrew Thurburn The ICAEW Andrew Thurburn & Co Chartered Accountants 38 Tamworth Road Croydon Surrey CR0 1XU

31st January 2022

Page 5

LOUGHBOROUGH COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
1
Charitable activities
General
93,078
Guys and St Thomas Trust Urban Health
42,500
Other trading activities
2
8,885
Investment income
3
-
Total
144,464
EXPENDITURE ON
Charitable activities
General
110,315
VACCR
1,600
LCF Lambeth
892
Other
-
Total
112,807
NET INCOME
31,657
RECONCILIATION OF FUNDS
Total funds brought forward
28,715
TOTAL FUNDS CARRIED FORWARD
60,372		 Restricted
funds
£
1
46,270
-
105,645
-
151,916
101,377
-
-
7,880
109,257
42,659
28,809
71,468		 2021
Total
funds
£
2
139,348
42,500
114,530
-
296,380
211,692
1,600
892
7,880
222,064
74,316
57,524
131,840		 2020
Total
funds
£
2,773
157,849
-
36,473
2
197,097
168,559
-
-
-
168,559
28,538
28,986
57,524

The notes form part of these financial statements

Page 6

LOUGHBOROUGH COMMUNITY CENTRE

BALANCE SHEET 31ST MARCH 2021

Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
63,190
CREDITORS
Amounts falling due within one year
7
(2,818)
NET CURRENT ASSETS
60,372
TOTAL ASSETS LESS CURRENT
LIABILITIES
60,372
NET ASSETS
60,372
FUNDS
8
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Restricted
funds
£
83,801
(12,333)
71,468
71,468
71,468		 2021
Total
funds
£
146,991
(15,151)
131,840
131,840
131,840
60,372
71,468
131,840		 2020
Total
funds
£
58,364
(840)
57,524
57,524
57,524
28,715
28,809
57,524

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2021 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

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

The financial statements were approved by the Board of Trustees and authorised for issue on 31st January 2022 and were signed on its behalf by:

M Naicker - Trustee

The notes form part of these financial statements

Page 7

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. OTHER TRADING ACTIVITIES

Fundraising
Hall hire
Job retention scheme grants		 2021
£
102,699
7,632
4,199
114,530		 2020
£
24,780
11,693
-
36,473

continued...

Page 8

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

3. INVESTMENT INCOME

INVESTMENT INCOME
2021 2020
£ £
Deposit account interest - 2

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2021 nor for the year ended 31st March 2020.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2021 nor for the year ended 31st March 2020.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

6.

Charitable activities
No employees received emoluments in excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2,774
Charitable activities
General
95,935
Other trading activities
13,902
Investment income
2
Total
112,613
EXPENDITURE ON
Charitable activities
General
106,827
NET INCOME
5,786
RECONCILIATION OF FUNDS
Total funds brought forward
22,929
TOTAL FUNDS CARRIED FORWARD
28,715		 2021
8
Restricted
funds
£
(1)
61,914
22,571
-
84,484
61,732
22,752
6,057
28,809		 2020
7
Total
funds
£
2,773
157,849
36,473
2
197,097
168,559
28,538
28,986
57,524

continued...

Page 9

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accrued expenses
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
LEAP
Holiday Project
Mum's Time
Max Roach Garden
Max Roach Cycling Project
LCC Emergency Response Project
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
LEAP
Holiday Project
Mum's Time
Max Roach Garden
Max Roach Cycling Project
LCC Emergency Response Project
Food Provision
Mayor's Fund Summer of Fun
Mayor's Fund ER-HLP
TOTAL FUNDS		 At 1.4.20
£
28,715
17,281
7,707
3,800
21
-
-
28,809
57,524
Incoming
resources
£
144,464
46,271
12,589
3,800
18,406
10,000
34,750
1,000
18,322
6,778
151,916
296,380		 2021
2020
£
£
15,151
840
Net
movement
At
in funds
31.3.21
£
£
31,657
60,372
7,941
25,222
2,467
10,174
-
3,800
(10,561)
(10,540)
10,000
10,000
32,812
32,812
42,659
71,468
74,316
131,840
Resources
Movement
expended
in funds
£
£
(112,807)
31,657
(38,330)
7,941
(10,122)
2,467
(3,800)
-
(28,967)
(10,561)
-
10,000
(1,938)
32,812
(1,000)
-
(18,322)
-
(6,778)
-
(109,257)
42,659
(222,064)
74,316

8. MOVEMENT IN FUNDS

continued...

Page 10

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

8. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.19
£
Unrestricted funds
General fund
22,929
Restricted funds
LEAP
4,296
Holiday Project
1,747
SW9 Mentors
14
Mum's Time
-
Max Roach Garden
-
6,057
TOTAL FUNDS
28,986
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
112,613
Restricted funds
LEAP
56,914
Holiday Project
10,237
SW9 Mentors
2,455
Mum's Time
5,000
Max Roach Garden
9,878
84,484
TOTAL FUNDS
197,097		 Net
movement
At
in funds
31.3.20
£
£
5,786
28,715
12,985
17,281
5,960
7,707
(14)
-
3,800
3,800
21
21
22,752
28,809
28,538
57,524
Resources
Movement
expended
in funds
£
£
(106,827)
5,786
(43,929)
12,985
(4,277)
5,960
(2,469)
(14)
(1,200)
3,800
(9,857)
21
(61,732)
22,752
(168,559)
28,538

continued...

Page 11

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

8. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.19 in funds 31.3.21
£ £ £
Unrestricted funds
General fund 22,929 37,443 60,372
Restricted funds
LEAP 4,296 20,926 25,222
Holiday Project 1,747 8,427 10,174
SW9 Mentors 14 (14) -
Mum's Time - 3,800 3,800
Max Roach Garden - (10,540) (10,540)
Max Roach Cycling Project - 10,000 10,000
LCC Emergency Response Project - 32,812 32,812
6,057 65,411 71,468
TOTAL FUNDS 28,986 102,854 131,840

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
LEAP
Holiday Project
SW9 Mentors
Mum's Time
Max Roach Garden
Max Roach Cycling Project
LCC Emergency Response Project
Food Provision
Mayor's Fund Summer of Fun
Mayor's Fund ER-HLP
TOTAL FUNDS		 Incoming
resources
£
257,077
103,185
22,826
2,455
8,800
28,284
10,000
34,750
1,000
18,322
6,778
236,400
493,477		 Resources
Movement
expended
in funds
£
£
(219,634)
37,443
(82,259)
20,926
(14,399)
8,427
(2,469)
(14)
(5,000)
3,800
(38,824)
(10,540)
-
10,000
(1,938)
32,812
(1,000)
-
(18,322)
-
(6,778)
-
(170,989)
65,411
(390,623)
102,854

continued...

Page 12

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2021

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2021.

Page 13

LOUGHBOROUGH COMMUNITY CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

INCOME AND ENDOWMENTS
Donations and legacies
Gifts
Subscriptions
Other trading activities
Fundraising
Hall hire
Job retention scheme grants
Investment income
Deposit account interest
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Wages
Pension contributions
Outings and events
Play materials and equipment
Creche and childcare
Roach Centre
EYPP
Support costs
Finance
Insurance
Bank charges
Human resources
Support costs
Other
Repairs and utilities
Carried forward		 2021
£
2
-
2
102,699
7,632
4,199
114,530
-
181,848
296,380
109,661
616
419
7,554
-
18,215
893
137,358
274
363
637
62,397
1,171
1,171		 2020
£
(2)
2,775
2,773
24,780
11,693
-
36,473
2
157,849
197,097
101,622
615
1,033
1,646
840
17,793
1,266
124,815
1,329
246
1,575
24,558
1,075
1,075

This page does not form part of the statutory financial statements

Page 14

LOUGHBOROUGH COMMUNITY CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2021

DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2021
Other
Brought forward
Max Roach Garden
Training
Memberships
Postage and stationery
Sundries
Building maintenance
Governance costs
Accountancy fees
Total resources expended
Net income		 2021
£
1,171
-
3,483
132
1,632
835
13,519
20,772
900
222,064
74,316		 2020
£
1,075
2,469
2,181
48
1,585
549
8,864
16,771
840
168,559
28,538

This page does not form part of the statutory financial statements

Page 15