**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 2023**
## **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 2023**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 5|
|**Independent Examiner's Report**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 to 15|
|**Detailed Statement of Financial Activities**|16 to 17|
## **LOUGHBOROUGH COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
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 2023. 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 (LCC) aims and objectives and in planning activities and priorities for the year. The main objectives of the charity are to:
a) Enrich the lives of the people on the Loughborough estate;
- b) Relieve poverty, distress and stress to people;
- c) Further the education of all age groups;
- d) Provide recreation and leisure time facilities in the interest of social welfare;
- e) Improve the conditions of life for people on the estate; and
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 2023**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The year under review saw a significant increase in income due to the security of core funding. Despite this very welcomed financial support provided by the impact on Urban Health, the funding needs for our core activities are yet to be secured on a long-term basis. Some tough decisions have been made to ensure the sustainability of our organisation, significantly reducing non-essential projects and activities. These measures enabled focus on business development, strategy and fundraising. The funding landscape since the pandemic has swiftly evolved as we navigate the increase of operational costs and inflation. We aspire to connect with new and existing funders to fund and support the development of our vital core activities. Overall, expenditure increased on the previous year but the year ended with a satisfactory surplus.
The main source of funding is the core funding investment from Impact on Urban Health. Other funders include:
- Lambeth Council
- The Childhood Trust
- Department for Education
- Mayors Fund for London
- The Ubele Initiative
- Citizens UK.
A small income is generated from regular hires of the centre around our service delivery and donations.
We contribute to this annual report from a position of gratitude, pride and optimism for the future of our community at LCC at Max Roach. Our workforce stepped in and up during the height of the pandemic and have consistently adapted for the needs of the community throughout the challenges presented by the pandemic and now the cost-of-living crisis. Each has played a significant part in helping us deliver above and beyond our core offer of activities to provide a supportive and reliable response to the accumulating needs faced by our vulnerable community.
We are eternally grateful for the many letters and messages of support received from parents, local partners and the Royal family who thanked us for our work supporting children, young people and families in Brixton. It is an honour and acknowledgement to our team who went way beyond the call of duty despite their personal and the professional challenges that came from the pandemic.
We were delighted for our long-standing dynamo Director, Candice James BEM, who was awarded with a British Empire Medal within the Ultimate Queen's Birthday Honours List 2022. This is a testament to her leadership, the team and our organisational commitment to an integrated and holistic approach to working with children, young people and their families in Brixton.
We continue to be motivated and curious about our local community and our place within it. Investment from the Impact on Urban Health gives us the vital opportunity to reflect upon our past and to build a bold legacy for the community in the future. We are appreciative to our research, development and consultancy partners including Cranfield Trust, Clearview Research, Bud Leadership and Pen Green Research Base, all of whom have worked closely with us to help unlock our true potential.
## Introduction
Based at the Max Roach Centre in Brixton, the LCC was established in 1981 by local Loughborough Estate tenants as a positive outcome to the Brixton riots. The charity sets out to help improve the lives of residents from the communities of Lambeth and the surrounding areas, providing a range of activities to help alleviate the effects of poverty for families from the most deprived wards in Lambeth (Brixton North and Coldharbour) and support disadvantaged local children, young people and residents living in poverty through engagement in meaningful activities. Over the past 40 years the LCC has become a beacon of hope in the community, with a consistent presence in the local area. It is guided by its core values to Listen, Collaborate and Create, an acronym of the Loughborough Community Centre (LCC).
## A Local Workforce
The charity is managed by a Board of Trustees representative of our local community. Extra effort is placed on recruiting from local talent, lived in experience and the development of people within our community. The team is growing and now consists of 13 employees. The Centre's success and longevity owes so much to the sheer determination and commitment of our adaptive, autonomous, and knowledgeable body of staff and volunteers.
Page 2
**LOUGHBOROUGH COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## Our Services
## Rosebuds Preschool (2-5yrs)
Play-based learning opportunities and support for young children, Monday - Friday during term time between 9.00am - 3.00pm. Thanks to our amazing garden and vegetable patches, we have a real focus on Outdoor Learning and Natural Thinking. Places are prioritized for funded 2-year-olds and children eligible for pupil premium.
## Holiday & Play Project (0-13yrs)
We believe that play must be at the core of our activities and be free to access. Our award-winning Holiday Play Project provides free enrichment opportunities for children from birth -13 years to access learning, leisure and play activities throughout the school holidays. The Summer of Play continues to be our most popular programme for families, with the capacity for 75 children at each session across the whole centre. The offer includes skill-based activities, sport, drama, art, gardening and music.
Our participation within the Evening Standard Life / Comic Relief: On the Bread Line campaign led to a year long extension of our programme to after-school provision in March 2023 through a cost-of-living initiative for families in need to increase accessibility to nutritious food / meals, activities and early intervention support.
## Family Support
A small, designated family support team, support and deliver activities that provide emotional, practical and peer to peer support for families at the centre, including: Dads Time and Thriving Mums project. Many of our families were disproportionately impacted by the pandemic and now the cost-of-living crisis - we continued to respond by fundraising to increase specific family support activities to help our children, young people and their families, increasing access to play, food and essentials within the centre.
The Children's Festival with the Flying Seagulls was a momentous moment for the whole Max Roach community to come to life with joy despite the doom of the cost-of-living crisis.
## We are pleased to have published our first Family Support Report (December 2022).
## Relationships are our Asset
At its core, the LCC at Max Roach is a nurturing intergenerational community hub that builds lasting relationships with local families through deep meaningful connections, engagement and activities. Now situated in the Lambeth ward of Brixton North, the demographic profile of the local area has changed considerably over the years, yet our operation remains situated in an area of low socio-economic status and above average levels of violence. The LCC has continued to be a united community pillar for local people, especially those with the greatest need.
## Focus on Health and Wellbeing
With the support of Impact on Urban Health, we are shifting our focus towards health and wellbeing in a socially prescriptive approach. This transition has opened new opportunities and enhanced our ability to gather impactful data.
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 Black and/or from racial minoritised groups. Many families are living in significant poverty with physical and mental health problems, housing needs, domestic abuse, debt, inequality and language difficulties.
Our participation data indicates:
## 55% Boys vs 45% Girls.
## 88% of families are Lambeth residents.
Other boroughs that our families reside in include: Southwark, Wandsworth, Croydon, Westminster and Lewisham.
70% of families are eligible for free school meals.
## Ethnicity
57% Black African / Caribbean
Page 3
**LOUGHBOROUGH COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
18% Mixed Black / White / Other mixed
12% White British / White Other 13% Other
## Additional Needs
At registration 11% of our members disclosed additional needs, we acknowledge this is an under representation as disclosure of this information is optional. The needs below were identified:
29% Communication and Language 25% Hearing impairment 25% Learning Difficulties 21% Autism
Overall, in 22/23, 576 children from 470 families accessed our activities, approximately a 66% increase in participation from the previous year. With the support of the Bold Force team from Salesforce, the organisational data base has been improved to help us capture engagement and participation.
## Impact Report
Our work makes a difference to lives of children, young people and their families. We commissioned Clearview Research in May 2022 to help us measure our impact. As we build our work, we will use our data as the evidence base to demonstrate the true impact and legacy of our community work. Themes from our Outcomes include Children had fun, gained confidence and increased their skills; Parents felt heard; Families and children ate well. A full impact report has been published.
## A Community of Partners
We couldn't do this work alone. A collective of local, regional and national partners support us to make #communitymagic.
We are thankful for the 304 volunteers that supported our activities during the year. Our volunteers are a diverse group of individuals including local residents, young people, parents and corporate teams.
## Partners and supporters of LCC at Max Roach:
Impact on Urban Health, Guys and St Thomas Trust, Lambeth Council, The Childhood Trust, The Ubele Initiative, Clearview Research, Kitchen Social, Mayors Fund for London, Cranfield Trust, The Felix Trust, Business Under Development, Charities Aid Foundation, Department for Education, Pen Green Centre for Children and their Families, Nursery World, The Flying Seagulls, Salesforce, Progress, Comic Relief, Citi Bank, Home Start Lambeth, Institute of Imagination, Door Step Library, Citizens UK, Parents and Children Together Southwark, London Play, South London and Maudsley NHS Foundation Trust, Evelina London Children's Hospital, Mom Books, The Caring Family Foundation, London Youth, Myatts Field Park Project, Young Mums Support Network, The Grove Adventure Playground, Olio, Odd Box, Alteryx, Bite Back 20230, Young Titans, Happy Drums, Sunshine International Arts and Early Years Alliance.
## **FINANCIAL REVIEW Reserves policy**
The charity had closing free reserves of £195,917 at 31 March 2023. 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.
Page 4
**LOUGHBOROUGH COMMUNITY CENTRE**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **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 (resigned 17.1.23) Ms M Denis Ms M Naicker Ms K Evans Ms R A Sunter Ms N Ivey (appointed 9.5.22) Ms T Lavender (appointed 9.5.22) J W J Roome (appointed 17.1.23)
## **Independent Examiner**
Andrew Thurburn & Co Chartered Accountants 38 Tamworth Road Croydon Surrey CR0 1XU
Approved by order of the board of trustees on 22[nd] December 2023 and signed on its behalf by:
........................................................................ Ms M Naicker - Trustee
Page 5
## **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 2023.
## **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 member of the Institute of Chartered Accountants in England and Wales, 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
3. 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
4. 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 FCA
Andrew Thurburn & Co Chartered Accountants 38 Tamworth Road Croydon Surrey CR0 1XU
22[nd] December 2023
Page 6
## **LOUGHBOROUGH COMMUNITY CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|Unrestricted
funds
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
16,082
**Charitable activities**
General
174,200
Other trading activities
2
6,817
Investment income
3
5
**Total**
197,104
**EXPENDITURE ON**
Raising funds
4
-
**Charitable activities**
General
105,434
Other
40
**Total**
105,474
**NET INCOME**
91,630
**RECONCILIATION OF FUNDS**
Total funds brought forward
104,287
**TOTAL FUNDS CARRIED FORWARD**
195,917|Restricted
funds
£
13,999
220,072
780
-
234,851
-
221,670
1,220
222,890
11,961
64,039
76,000|2023
Total
funds
£
30,081
394,272
7,597
5
431,955
-
327,104
1,260
328,364
103,591
168,326
271,917|2022
Total
funds
£
47,274
212,394
7,081
-
266,749
588
229,225
450
230,263
36,486
131,840
168,326|
|---|---|---|---|
The notes form part of these financial statements
Page 7
## **LOUGHBOROUGH COMMUNITY CENTRE**
## **BALANCE SHEET 31ST MARCH 2023**
|Unrestricted
funds
Notes
£
**CURRENT ASSETS**
Debtors
9
4,179
Cash at bank and in hand
181,797
185,976
**CREDITORS**
Amounts falling due within one year
10
9,941
**NET CURRENT ASSETS**
195,917
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
195,917
**NET ASSETS**
195,917
**FUNDS**
11
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
88,333
88,333
(12,333)
76,000
76,000
76,000|2023
Total
funds
£
4,179
270,130
274,309
(2,392)
271,917
271,917
271,917
195,917
76,000
271,917|2022
Total
funds
£
-
169,347
169,347
(1,021)
168,326
168,326
168,326
104,287
64,039
168,326|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.
The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
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 22[nd] December 2023 and were signed on its behalf by:
............................................. M Naicker - Trustee
The notes form part of these financial statements
Page 8
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023**
## **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.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted general funds can be used in accordance with the charitable objectives at the discretion of the trustees.Unrestricted designated funds are unrestricted funds set aside by the trustees for particular purposes.
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.
## **2. OTHER TRADING ACTIVITIES**
||2023|2022|
|---|---|---|
||£|£|
|Centre and pitch hire|5,195|3,302|
|Sundry income|2,402|3,779|
||7,597|7,081|
continued...
Page 9
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
|**3.**|**INVESTMENT INCOME**||||||
|---|---|---|---|---|---|---|
||||2023||2022||
||||£||£||
||Deposit account interest|||5||-|
|**4.**|**RAISING FUNDS**||||||
||**Raising donations and legacies**||||||
||||2023||2022||
||||£||£||
||Support costs|||-|588||
|**5.**|**NET INCOME/(EXPENDITURE)**||||||
||Net income/(expenditure) is stated after charging/(crediting):||||||
||||2023||2022||
||||£||£||
||Hire of plant and machinery|||-|5,576||
|**6.**|**TRUSTEES' REMUNERATION AND BENEFITS**||||||
||There were no trustees' remuneration or other benefits for the year ended 31st||March|2023 nor for the||year|
||ended 31st March 2022.||||||
||**Trustees' expenses**||||||
||||2023||2022||
||||£||£||
||Trustees' expenses|||360||-|
|**7.**|**STAFF COSTS**||||||
||The average monthly number of employees during the year was as follows:||||||
||||2023||2022||
||Charitable activities|||9|8||
||No employees received emoluments in excess of £60,000.||||||
|**8.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**||||||
|||Unrestricted|Restricted||
Total||
|||funds|funds||funds||
|||£||£|£||
||**INCOME AND ENDOWMENTS FROM**||||||
||Donations and legacies|18,000|29,274||47,274||
||**Charitable activities**||||||
||General|54,788|157,606||212,394||
||Other trading activities|3,401|3,680||7,081||
||**Total**|76,189|190,560||266,749||
continued...
Page 10
## **LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
|**8.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued**
Unrestricted
Restricted
funds
funds
£
£
**EXPENDITURE ON**
Raising funds
588
-
**Charitable activities**
General
82,492
146,733
Other
-
450
**Total**
83,080
147,183
**NET INCOME/(EXPENDITURE)**
(6,891)
43,377
**Transfers between funds**
50,806
(50,806)
**Net movement in funds**
43,915
(7,429)
**RECONCILIATION OF FUNDS**
Total funds brought forward
60,372
71,468
**TOTAL FUNDS CARRIED FORWARD**
104,287
64,039
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Other debtors
579
Prepayments and accrued income
3,600
4,179
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2023
£
Trade creditors
1,193
Other creditors
59
Accrued expenses
1,140
2,392||Total
funds
£
588
229,225
450
230,263
36,486
-
36,486
131,840
168,326
2022
£
-
-
-
2022
£
71
-
950
1,021|
|---|---|---|
||||
||||
||||
||||
||||
continued...
Page 11
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
**Restricted funds**
Holiday Play Project
Biteback Urban Health
Family Support
Preschool
After School
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**Restricted funds**
Holiday Play Project
Biteback Urban Health
Family Support
Preschool
After School
Events/Festivals
**TOTAL FUNDS**|At 1.4.22
£
104,287
2,946
500
37,280
23,313
-
64,039
168,326
Incoming
resources
£
197,104
28,538
-
50,778
101,635
50,000
3,900
234,851
431,955|Net
movement
At
in funds
31.3.23
£
£
91,630
195,917
554
3,500
(500)
-
(37,280)
-
11,687
35,000
37,500
37,500
11,961
76,000
103,591
271,917
Resources
Movement
expended
in funds
£
£
(105,474)
91,630
(27,984)
554
(500)
(500)
(88,058)
(37,280)
(89,948)
11,687
(12,500)
37,500
(3,900)
-
(222,890)
11,961
(328,364)
103,591|
|---|---|---|
continued...
Page 12
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|Net
movement
At 1.4.21
in funds
£
£
**Unrestricted funds**
General fund
60,372
(6,891)
**Restricted funds**
Summer of Play
-
2,946
LEAP
25,222
-
Holiday Play Project
10,174
-
Mum's Time
3,800
-
Max Roach Garden
(10,540)
-
Max Roach Cycling Project
10,000
-
LCC Emergency Response Project
32,812
-
Biteback Urban Health
-
500
Family Support
-
12,058
MUF
-
4,560
Preschool
-
23,313
71,468
43,377
**TOTAL FUNDS**
131,840
36,486
Comparative net movement in funds, included in the above are as follows:|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|
|---|---|---|
|**Unrestricted funds**
General fund
**Restricted funds**
Summer of Play
Holiday Play Project
Biteback Urban Health
Family Support
MUF
Preschool
**TOTAL FUNDS**|Incoming
resources
£
76,189
25,650
3,450
15,568
43,228
5,000
97,664
190,560
266,749|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 13
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **11. 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
Family Support
MUF
Preschool
After School
**TOTAL FUNDS**|At 1.4.21
£
60,372
-
25,222
10,174
3,800
(10,540)
10,000
32,812
-
-
-
-
71,468
131,840|Net
movement
in funds
£
84,739
2,946
-
554
-
-
-
-
(25,222)
4,560
35,000
37,500
55,338
140,077|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
31.3.23
£
195,917
-
-
3,500
-
-
-
-
-
-
35,000
37,500
76,000
271,917|
|---|---|---|---|---|
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
Holiday Play Project
Biteback Urban Health
Family Support
MUF
Preschool
After School
Events/Festivals
**TOTAL FUNDS**|Incoming
resources
£
273,293
25,650
31,988
15,568
94,006
5,000
199,299
50,000
3,900
425,411
698,704|Resources
Movement
expended
in funds
£
£
(188,554)
84,739
(22,704)
2,946
(31,434)
554
(15,568)
-
(119,228)
(25,222)
(440)
4,560
(164,299)
35,000
(12,500)
37,500
(3,900)
-
(370,073)
55,338
(558,627)
140,077|
|---|---|---|
continued...
Page 14
**LOUGHBOROUGH COMMUNITY CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST MARCH 2023**
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st March 2023.
## **13. TRANSFER BETWEEN FUNDS**
The trustees have transferred £45,000 of the Unrestricted funds at the year end to Designated reserves for expenditure on the following after the year end:
Maintenance £25,000 IT Equipment £14,000 Staffing cost £6,000 The Unrestricted funds at 31 March 2023 therefore consist of:
General fund 150,917 Designated fund 45,000 ----------£195,917 =======
Page 15
## **LOUGHBOROUGH COMMUNITY CENTRE**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Charitable activities
Donations and legacies
Non-Profit income
Preschool fees
Donated services and facilities
**Other trading activities**
Centre and pitch hire
Sundry income
**Investment income**
Deposit account interest
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Trustees' expenses
Salaries
Social security
Pension contributions
Staff wellbeing
Activities and events
Materials and equipment
**Other**
Volunteers' expenses
**Support costs**
**Management**
Cleaning
Telephone
General office expenses
Advertising
Staff recruitment & cover
Staff wellbeing
Carried forward|2023
£
2
1,654
-
19,997
8,428
30,081
5,195
2,402
7,597
5
394,272
431,955
360
159,828
12,967
3,947
-
31,463
6,109
214,674
-
611
1,438
606
1,524
5,442
4,163
13,784|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|
|---|---|---|
This page does not form part of the statutory financial statements
Page 16
**LOUGHBOROUGH COMMUNITY CENTRE**
|**DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 31ST MARCH 2023**
**Management**
Brought forward
Travel and subsistence
Volunteers' expenses
Health and safety
IT costs and website
**Finance**
Insurance
Bank charges
**Human resources**
IT costs and website
**Other**
Repairs and utilities
Garden maintenance
Training
Memberships
Postage and stationery
Sundries
Building maintenance
**Governance costs**
Consultancy
Accountancy fees
Total resources expended
**Net income**|2023
£
13,784
255
1,260
570
4,230
20,099
720
180
900
-
870
25,412
1,403
4,792
2,618
40
14,744
49,879
39,550
3,262
42,812
328,364
103,591|2022
£
9,270
-
-
-
-
9,270
755
379
1,134
7,873
2,645
3,768
485
3,912
703
49
1,557
13,119
-
3,982
3,982
230,263
36,486|
|---|---|---|
This page does not form part of the statutory financial statements
Page 17