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2022-03-31-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 2022

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 2022

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 14
Detailed Statement of Financial Activities 15 to 16

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

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 2022. 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 Lophobranch Community Centre's aims and objectives and in planning activities and priorities for the year. The main objects of the charity are to:

f) Provide management and delivery of services at the Max Roach Centre with the aim of improving access, education, training, inclusiveness and quality of play opportunities for children 0-19 and their families.

Page 1

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

ACHIEVEMENT AND PERFORMANCE

Charitable 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;

Impact on Urban Health Lambeth Council The Childhood Trust Mayors Fund for London Charities Aid Foundation (CAF)

Income from regular hire of the centre is reduced due to the pandemic. Additional income came from an increase of community support through small donations for our project activities.

Rosebuds Preschool

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 21/22 38 children attended the Rosebuds Preschool. 42% Entitled to Early Years Pupil Premium. 43% Entitled to 2-year-old funding 85% Low-income households

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 young volunteers (14 - 17 year olds) which is an important part of our approach

In summer 2021, 211 children accessed the project and 1500 nutritious meals were served. 104 families engaged receiving 50hrs of skill-based activities including sport, drama, art, gardening and music.

With the support of partners, including Bite Back 2030 and Carnival Sunshine Arts, our activities were extended to include community social action and visual arts.

The extension of our Family Support offer has been piloted via seed funding from Impact on Urban Heath. Providing weekly opportunities for families to access practical help, befriending, identification of need and support, signposting to services and distribution of food and essentials. This has enabled the continuation of Dads Time - monthly outdoor supportive play session for fathers and male carers with children under 8.

Overall, in 21.22, 375 children from 236 families accessed our activities, approximately 30% increase in participation from the previous year.

Our activities are based at the Max Roach Centre in Brixton, Lambeth. Located in Coldharbour, the most deprived ward. Ward boundary changes has led to us being situated within the new ward of North Brixton.

The latest census data (Lambeth, 2022), places our locality at the highest rate of domestic violence, homelessness and housing disrepair.

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;

82% are eligible for free school meals 95% of black and brown ethnicities. 56% were boys vs 44% girls. 35% have identified additional needs 22 languages other than English are spoken amongst the families.

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

Page 2

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

This year we were pleased to reincorporate the increase in support from 195 volunteers within our activities, this includes; residents, young people, parents and corporate teams.

Our dynamic work has been acknowledged through commendation: Nursery World Award 2021 - Community Support - Highly Commended British Empire Medal - Candice James (June 2022) London Play Awards - Best Flick 2022

FINANCIAL REVIEW

Reserves policy

The charity had closing free reserves of £104,287 at 31 March 2022. 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

Registered office

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

Trustees

R Coney Ms M Aidoo (resigned 13.1.22) Ms M Denis Ms M Naicker Ms K Evans (appointed 28.5.21) Ms R A Sunter (appointed 27.4.21) Ms N Ivey (appointed 9.5.22) Ms T Lavender (appointed 9.5.22)

Independent Examiner

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

Approved by order of the board of trustees on 23rd January 2023 and signed on its behalf by:

Page 3

LOUGHBOROUGH COMMUNITY CENTRE

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2022

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 2022.

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

23rd January 2023

Page 5

LOUGHBOROUGH COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
18,000
Charitable activities
General
54,788
Guys and St Thomas Trust Urban Health
-
Other trading activities
2
3,401
Total
76,189
EXPENDITURE ON
Raising funds
3
588
Charitable activities
General
82,492
VACCR
-
LCF Lambeth
-
Other
-
Total
83,080
NET INCOME/(EXPENDITURE)
(6,891)
Transfers between funds
9
50,806
Net movement in funds
43,915
RECONCILIATION OF FUNDS
Total funds brought forward
60,372
TOTAL FUNDS CARRIED FORWARD
104,287
Restricted
funds
£
29,274
157,606
-
3,680
190,560
-
146,733
-
-
450
147,183
43,377
(50,806)
(7,429)
71,468
64,039
2022
Total
funds
£
47,274
212,394
-
7,081
266,749
588
229,225
-
-
450
230,263
36,486
-
36,486
131,840
168,326
2021
Total
funds
£
2
139,348
42,500
114,530
296,380
-
211,692
1,600
892
7,880
222,064
74,316
-
74,316
57,524
131,840

The notes form part of these financial statements

Page 6

LOUGHBOROUGH COMMUNITY CENTRE

BALANCE SHEET 31ST MARCH 2022

Unrestricted
fund
Notes
£
CURRENT ASSETS
Cash at bank
92,975
CREDITORS
Amounts falling due within one year
8
11,312
NET CURRENT ASSETS
104,287
TOTAL ASSETS LESS CURRENT
LIABILITIES
104,287
NET ASSETS
104,287
FUNDS
9
Unrestricted funds
Restricted funds
TOTAL FUNDS
Restricted
funds
£
76,372
(12,333)
64,039
64,039
64,039
2022
Total
funds
£
169,347
(1,021)
168,326
168,326
168,326
104,287
64,039
168,326
2021
Total
funds
£
146,991
(15,151)
131,840
131,840
131,840
60,372
71,468
131,840

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 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 23rd January 2023 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 2022

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

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.

continued...

Page 8

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

2. OTHER TRADING ACTIVITIES

Fundraising
Centre and pitch hire
Sundry income
Job retention scheme grants
3.
RAISING FUNDS
Raising donations and legacies
Support costs
4.
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Hire of plant and machinery
2022
£
-
3,302
3,779
-
7,081
2022
£
588
2022
£
5,576
2021
£
102,699
7,632
-
4,199
114,530
2021
£
-
2021
£
-

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31st March 2022 nor for the year ended 31st March 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st March 2022 nor for the year ended 31st March 2021.

6. STAFF COSTS

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

2022 2021
Charitable activities 8 8

No employees received emoluments in excess of £60,000.

continued...

Page 9

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

7.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
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
8,885
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
8.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade creditors
Accrued expenses
Restricted
funds
£
1
46,270
-
105,645
151,916
101,377
-
-
7,880
109,257
42,659
28,809
71,468
2022
£
71
950
1,021
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
2021
£
-
15,151
15,151

continued...

Page 10

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

9. MOVEMENT IN FUNDS

Unrestricted funds
General fund
Restricted funds
Summer of Play
LEAP
Holiday Play Project
Mum's Time
Max Roach Garden
Max Roach Cycling Project
LCC Emergency Response Project
Biteback Urban Health
Family Support
MUF
Preschool
TOTAL FUNDS
Net movement in funds, included in the above are as
Unrestricted funds
General fund
Restricted funds
Summer of Play
Holiday Play Project
Biteback Urban Health
Family Support
MUF
Preschool
TOTAL FUNDS
At 1.4.21
£
60,372
-
25,222
10,174
3,800
(10,540)
10,000
32,812
-
-
-
-
71,468
131,840
follows:
Net
movement
in funds
£
(6,891)
2,946
-
-
-
-
-
-
500
12,058
4,560
23,313
43,377
36,486
Incoming
resources
£
76,189
25,650
3,450
15,568
43,228
5,000
97,664
190,560
266,749
Transfers
between
At
funds
31.3.22
£
£
50,806
104,287
(2,946)
-
(25,222)
-
(7,228)
2,946
(3,800)
-
10,540
-
(10,000)
-
(32,812)
-
-
500
25,222
37,280
(4,560)
-
-
23,313
(50,806)
64,039
-
168,326
Resources
Movement
expended
in funds
£
£
(83,080)
(6,891)
(22,704)
2,946
(3,450)
-
(15,068)
500
(31,170)
12,058
(440)
4,560
(74,351)
23,313
(147,183)
43,377
(230,263)
36,486

continued...

Page 11

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

At 1.4.20
£
Unrestricted funds
General fund
28,715
Restricted funds
LEAP
17,281
Holiday Play Project
7,707
Mum's Time
3,800
Max Roach Garden
21
Max Roach Cycling Project
-
LCC Emergency Response Project
-
28,809
TOTAL FUNDS
57,524
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
144,464
Restricted funds
LEAP
46,271
Holiday Play Project
12,589
Mum's Time
3,800
Max Roach Garden
18,406
Max Roach Cycling Project
10,000
LCC Emergency Response Project
34,750
Food Provision
1,000
Mayor's Fund Summer of Fun
18,322
Mayor's Fund ER-HLP
6,778
151,916
TOTAL FUNDS
296,380
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

continued...

Page 12

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

9. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fund
Restricted funds
Summer of Play
LEAP
Holiday Play Project
Mum's Time
Max Roach Garden
Max Roach Cycling Project
LCC Emergency Response Project
Biteback Urban Health
Family Support
MUF
Preschool
TOTAL FUNDS
At 1.4.20
£
28,715
-
17,281
7,707
3,800
21
-
-
-
-
-
-
28,809
57,524
Net
movement
in funds
£
24,766
2,946
7,941
2,467
-
(10,561)
10,000
32,812
500
12,058
4,560
23,313
86,036
110,802
Transfers
between
funds
£
50,806
(2,946)
(25,222)
(7,228)
(3,800)
10,540
(10,000)
(32,812)
-
25,222
(4,560)
-
(50,806)
-
At
31.3.22
£
104,287
-
-
2,946
-
-
-
-
500
37,280
-
23,313
64,039
168,326

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
Summer of Play
LEAP
Holiday Play 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
Biteback Urban Health
Family Support
MUF
Preschool
TOTAL FUNDS
Incoming
resources
£
220,653
25,650
46,271
16,039
3,800
18,406
10,000
34,750
1,000
18,322
6,778
15,568
43,228
5,000
97,664
342,476
563,129
Resources
Movement
expended
in funds
£
£
(195,887)
24,766
(22,704)
2,946
(38,330)
7,941
(13,572)
2,467
(3,800)
-
(28,967)
(10,561)
-
10,000
(1,938)
32,812
(1,000)
-
(18,322)
-
(6,778)
-
(15,068)
500
(31,170)
12,058
(440)
4,560
(74,351)
23,313
(256,440)
86,036
(452,327)
110,802
Resources
Movement
expended
in funds
£
£
(195,887)
24,766
(22,704)
2,946
(38,330)
7,941
(13,572)
2,467
(3,800)
-
(28,967)
(10,561)
-
10,000
(1,938)
32,812
(1,000)
-
(18,322)
-
(6,778)
-
(15,068)
500
(31,170)
12,058
(440)
4,560
(74,351)
23,313
(256,440)
86,036
(452,327)
110,802
86,036
110,802

continued...

Page 13

LOUGHBOROUGH COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2022

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st March 2022.

Page 14

LOUGHBOROUGH COMMUNITY CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Charitable activities
Donations and legacies
Non-Profit income
Preschool fees
Donated services and facilities
Other trading activities
Fundraising
Centre and pitch hire
Sundry income
Job retention scheme grants
Charitable activities
Grants
Total incoming resources
EXPENDITURE
Charitable activities
Salaries
Pension contributions
Staff wellbeing
Activities and events
Materials and equipment
Roach Centre
EYPP
Other
Volunteers' expenses
Support costs
Management
Cleaning
Telephone
General office expenses
Advertising
Finance
Insurance
Carried forward
2022
£
481
9,133
266
28,195
9,199
47,274
-
3,302
3,779
-
7,081
212,394
266,749
145,944
-
5,126
34,766
8,599
-
-
194,435
450
4,808
2,422
1,452
588
9,270
755
755
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
274

This page does not form part of the statutory financial statements

Page 15

LOUGHBOROUGH COMMUNITY CENTRE

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022

Finance
Brought forward
Bank charges
Human resources
IT costs and website
Support costs
Other
Repairs and utilities
Garden maintenance
Training
Memberships
Postage and stationery
Sundries
Building maintenance
Governance costs
Accountancy fees
Total resources expended
Net income
2022
£
755
379
1,134
7,873
-
7,873
2,645
3,768
485
3,912
703
49
1,557
13,119
3,982
230,263
36,486
2021
£
274
363
637
-
62,397
62,397
1,171
-
3,483
132
1,632
835
13,519
20,772
900
222,064
74,316

This page does not form part of the statutory financial statements

Page 16