REGISTERED COMPANY NUMBER: 08385640 (England and Wales) REGISTERED CHARITY NUMBER: 1152313 REPORT OF THE TRUSTEES AND UNAUDITED FtNANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 FOR LOUGHBOROUGH COMMUNITY CENfRE Andrew Thurburn & Co Chartered Accountsnts 38 Tamworth Road Croydoo CRO IXU
LOUGHBOROUGH COMMum CENTRE CONTENTS OF THE FINANCIAL STATEMEIYTS FOR THE YEAR ENDED 31ST MARCH 2024 Page Report of the Trnstees I to 6 lttdependent Exxminer's Report Slatemettt of Finalltial Aetlviti¢s Balance She¢t Notes to the Flnandal Statements 10 to 15 Detslled Statemtttt of FinAD¢ial Ac¢ivfides 16 to 17
LOUGHBOROUCH COMMUNrrY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The tru5tee5 who are also directors of the charity for the prseS of the Companies Act 2(M)6. present their report with the financial ststements of the charity for the year ended 31 st March 2024. The trjstees have adopted the provisions of Accounting and Reporting by Charities: Stai¢rnent of Recommended Practice applicable to charities preparing their accounts in aOrdance with the Fitwicial Rwrting Standard applible in the UK and Republic of Ireland (FRS 102) {effective l January 2019). OBJECTIVES AND ACTIvrrIES Objecdves The trustees confim) that they have had due regard to the Charity COMMI10n,S guidance on public benefit when reviewing the Charity's aims and objectives and in planning activitie5 and priorities for the y¢ar. The main objectives of the charity are lo: a) Enrich the lives of the people on the Loughborough estate. b) Relieve povety, 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 Provide management and delivery of services at the Max Roach Centre with the aim of improving access, education. trnining. inclusiveness and quality of play opportunities for children 0-19 and their families. Page I
LOUGHBOROUGH COMMUNITY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 ACHIEVEMENT AND PERFORMANCE Chgrit¥ble aetivlties Charitable activities duTing the year under review saw a reduction in income. DespÉte the very welcomed financial support provided by the Irnt on Urban Health. the fi]nding needs for our core projects are yet to be secured on a IoDg-lenn basis. Some tough decisions have been made to ensure the sustainability of our organisation. significantly reducing non-essenltal projecLs and acttvities. Thes¢ measures enabled us to focus on bSInesS developmenL Strategy and fundraising. The funding landscape since the pandemic has swiftly evolved as we navigate th¢ increase of operational costs and inflatioo. We Colltinue to aspire to connect with new and existing fiuMlet5 to fund and 5UPPOrt the development of our vital (x)re activities. Overall. expenditure Ineaj on the previous year. bui the year ended with a satisfactory small surplus. The main Sour OffiUllllg is the CO fidIng investment from Impact on Urban Health. Other fiulders include: ' Lambeth Council ' Thc Childhood T1 ' Departtnent for Education ' Mayorfs Fund for Inndon ' The Ubele Initiative A small income is gen¢rdted from regular hires of the co)tre aTound our service delivery 8nd donations. We contrlbute lo this annual report with a deep sense of gffdtide. pride, and optimism for the future of our community at Loughborough Community Centr¢ {LCC) at Max Roacb. Our dedicated workforce continues to adapt to meet the evolving needs of the community. especially in the face of the challenges posed by the ongoing cost-of-living crisis. Many of our tvdm members have personal experience with the very issues our cotnmunity fac¢s, and their contributions have b¢¢n vital in enabling us to go beyond our Core activitie4 offering a supportive and dependable response to the in¢rwing nee(Ls of our most wulnerable members. We are eternally grdtefvl for the many letters and messages of SUprt received from parents, local partner5 and our local MP Helen Hayes who have thanked us frir our work supporting children. young people and families in Brixton. It As a true testament to our frontline team. Through the leadership of our Director. Candice James BEM, recipient of the Britith Empire Medal in the prestigious Queen's Birthday Honours List 2022. the work of LCC continues to thrive. Recent milestones include the privilege of meeting Prime Minister Kcir SiaTmer ai the Youth seCr Reception. as well as engaging with Diane Abbott and Lord Woolley at the AGM for the Race Equalities in Education All-Party Parliamentary Group. These opportunities reflect the growing impact of our initiktives. a d¢moDstration of positive community leadership, th¢ team and our organisational commitment to an integrdted and holisti¢ approach to working with chililren, young people and their families in Brixton. We are driven by our ongoillg ¢uriosity aDd commitment to understanding our local ConnIty and our role within it as voluntary organisation. The investment from Impact on Urt>an Health provides us with a crucial opportunity to reflect on our journey so far and to establish a lasting, impactful legacy focused on health and wellbeing for the future. We are deeply grnteI to our res¢arclL d¢velopmen¢ and consultancy parth¢ts-in¢ludinE Cranfield Trnsi. Th¢ Ubele Initiative. Mirdnda Keast. Bud Leadership. Hassun EIL4far. Maheer Khan, and Pen Green Research Base-whose close collabordtion has been instrumental in helping us r¢alize our full tential. Introduction Based al the Max Roach Centre in Brixton. the LCC was established in 1981 by I81 tL*ughl)orough 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 h¢lp all¢viate the effccts of poverty for families fn)m the most deprived wards in Lambeth (Brixton North and Coldharbour) and support disadvantsged local children. young people and residents living in poverty through engagement in meaningful activities. Over th¢ pasl 43 years the LCC ha5 become a beacon of hope ID the commuoity. with a consistent presence in the local area. It ts guided by ils core values to Listen, Collaborate and Create. an acronym of the Loughborough Community Centre (LCC). Page 2
LOUGHBOROUGH COMMUNrrY CEThE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 The charity is managed by a Board of TTUStees representstive of our local Community. Extra effort is placed on recruiting from local talenL lived in experience and th¢ development of people withill our community. The internal tezm is growing and now consists of 16 )sItiOn The centre's success and longevity owes so much to the sheer det¢nninatioD and commitm¢nl of our adaptive, autonony)u4 and knowledg¢able body of staff and volunteers. We remain dedicated to creating a clear pathway to employment for I{al residell ensuring acces5 to opportunities thai support long-tern] career developmenL community and organtsational growth. Our Service5 Rosebuds Preschool (2-5yrs) Ofsted rdted Good, early years play-based provision for learning OPEX)rthnities and suppYJrt for young chilijren. Monday - Friday durin8 temi time between 9.00am - 3.(n. Thanks to our amazing garden and vegetable patches. we have a reaI ruS on Outdoor Learning and Natural Thinkin& PlaS we prioritised ftir fided 2-year-olds and children eligible for pupil premium. Holiday & Play Project ((k13yrs) Play is at the core of our activities and must be free to access. Our award-wil1ng Holiday Play Project provides free enrichment opportunities for children from birth -13 years to a¢¢ess learning. leisure and play activities throughout the school holidays. The Svmmer of Play continues to be our most popular programme for familie4 with the capacity for 75 chil(tren at each session across the whole centre, the offcr includes skill-based activiti¢s. sporL dratn4 aTL gardewng and music. Participation in the Evening Standard Life / Cornic Relief: On the Breadline campaign resulted in a year-long extension of our after-school progrdmme from March 2023 to Marth 2024. This initiative. aimed at supportlng families affected by the cost-of-living crisi& focus¢s on in¢re4sing acc to nutritious rn¢als, engaging activities. and varly inteTrention support for those in need. Fatnily Support A designated family support worker. supports and delivers activities that pn)vide emotional. prdctic81 and peer to peer SUPPOrt for families at the centre. including: Dads, Time and the Thriving Mums proJecL Many of our families are disproportionately impacted by the cost-of-living ctisis. Building on the fmdings of our FamAly Support Report (2022). we are proactively seeking new partnerships and fundraising OppornltteS to expand our family support activities. Our goal is to ¢nhan¢¢ services for children. young pwple. and their families by ie8s]ng aecess to play. nutritious food, and essential resources at the ¢entr& addressing the gtowing needs within our community. The Children's Festival with funding from the National tL>ttery enabled us to pay tribute to the pertinent anniversary of Windrusb 75, again with the support of the Flying Seagulls 8nd otber community partners including" Book Love with Author Kandace Chimbiri. Home Star4 Lambeth Librdries. Public Health and Wellbeing Bus. This event was a highlight on the LCC events calendar a momenlous moment for the whole Max Roach community to come to life with joy desplte th¢ doom of the cost-of-living CTiSiS in celebrdtion. education and commemoration of the heTitage of the Windtush generation. The festival h&s bcen rebrandcd as.. The Roach Windrusb Children's Festival. Parent quote (2023): 'It was a fantastic way of seeing the community gel togetheV. In National Apprenticeship weeL we fa¢ilitated our first C8reeTS Fair with ten corporate par(ner orgarAASations and three local schools. All came together for the opportunity to share space at M&x Roach for a day of training and employment advice and guidance. A new contact with DWP Lambeth was established. who promoted our event across their southcrn offices and added it to their Apprenticeship Week outreach offer. The fair Saw participation from 60 young people. parents. and local residents. further strengthening our community connecttons and support for futtwe ¢areer. tratning and employment oprKirtunitie5. Relationships are our Asset At its co, the LCC at Max Roach is a nurtiwing intergenerational community hub that build5 lasting relationships with local families through deep meaningfvl connection4 engagement and a1VitieS. Now situated in the tambeth ward of Btixton North. the demographic profJl¢ of the local area has cbanged considerably over the yearsj yet our operation remains situated in an area of low socio-economic status and aknve average levels of violence. The LCC has Continued to be a united community pillar for local people. tsiKcially thos¢ with the greatest ne¢ Fo¢us on Health and Wellbeing
LOUGHBOROUCH COMMUNrrY CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 With the support of Impact on Urban Healt we are shifting our focus towanjs health and wellbeing in a socially prescriplive approaclL This transition has opened new OPrtunitieS and enlwiced our ability to gather impacthil da Th¢ latest census dala (Lambeth. 2022)* pla5 our locality at the highest rate of dom¢stic violence. homelessnes5 and housing dIsralr. Our community at the centre is predominantly Black andlor from racial minoriti5ed groups. Many families are living in significant poverty with physical and tnenlal health problems, ho]ng neeits. dornestic abuse. deb¢ inequality and language difficultias. Our participation data indiS. l % Uttspecified 87% of families are Lambeth residents. Other boroughs that our familics resi(k in illclud¢: SouthwaTk (50/9). Wandsworth (30/0), Croydon (l %) Westminster ( lo/). Lewisharn (Iyo) and Other (20/0). 7/9 of families arc eligible for free sch(x)I rn¢$. Ethnicity 580/0 Black African / Caribbean 180/ts Mixed Black / White / oth mixed 210/o White British I White Other 3 /0 Other Additional Needs 360/0 Additional needs disclosed at gIstratiOn of which. 41/0 Communication and Languag¢ 220/0 Learning Difficulties 220/0 Autism 150/0 Oiher iocluding. hearlng and visual impa1¢llts. physira] disabiliti and muti-s¢nsory. We acknowledge this is an underrepresentation &8 disclosure of this infomlation is Optional. Overall. in 23124, 674 children frtbm 596 families a¢ce&sed our a1vIties. approximately a 17Yo increase in participation from the previous year. With the stspwrt of Salesforce. the organisational database has been improved io help us capture engagement and participation. Impact Report We are confident that our prdctice at LCC makes a difference to the lives of ¢hildr¢n. young people and their families. Building upon our fwst published impact report {2023). impact and evaluatlOD continued with the support of Consultant Miranda Keast. who ¢ornmenc¢d with the development of our Theory of Change at LCC at Max Roach to help further our knowledge and understanding of what and how w¢ measure our Irnt. As we develop our practice. we will use our data as the evidence base to demonstrate th¢ true imp¥t and lega¢y of our commuDity work. Themes from our outcomes include.. new skills, build confidence, have tun. make friends. access to peer and professional support aDd parents have peace of mind. A full impact rep)rt {202312024} has been publishol A Community of Partner5 This work ¢ouldn't be th)ne alone. A collective of I(al. Tegional and national parthers support us to make
communitymagic.
W¢ were Selted as the hosl community partiier for the Lambeth Hub as part of the Runnymede Trust and N¢w Economics Foundation (NEF) national initiativ¢, Power 2 Prosper. This initiative moves beyond short-terni individtsalised solutions to advocate for a reIngIned economy that ensures financial security and a decent stsndard of livin2 for All. Page 4
LOUGHBOROUGH COmMUm CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2024 We are tha1thl for the 397 volunteers that supported ¢Jur activities during the year. lkn volunte¢Th 8Te a diverse group of individuals includiDg local residents. y(Hmg people. parents and cotPOTafr tearns. Corporate tnS have included: Alteryx, Wellcome TrusL Citi BanK B1kRock and Ac¢¢nture. Partncrs and supporters of LCC at Max Roa¢h Impact on Urban Health, Guys and St Thom&4 Trus( Lambeth Council, The Childhood TnLs¢ The Ubele Initiative, Business Under Development (BUD) Leadership. Kitchen Social, Mayors Fund for LA>ndon. Cranfield TrusL The Felix Trust, Department for Education. Pen GTe¢n Centre for Cbildtell and their Familie5. Wellcome Tru5L RuDneymede Trust. New economics Foundation. Jamaica National Money, Chelsea Chamber Choir. RCP, Street Games London. Eli Hub. Champions 4 Change. Uber. Walcot Foundation. Incredible Edible Lambeth, Truly Givin& Little Disb, Ecosystem Coldharbour, Thrive Tribe. The Flying Se8gull4 Salesforce. Progre4 Black Food Fun& Citi Bank, Home Start Lambeth. Door Step Librdry. Citizens UL Parents and Children Together Southwart London Play. South London and Maudsl¢y NHS Foundation TTr Evelina London Children's Hospital. Mom Books. tA)ndon Youth, Myarfs Field Park Project. Young Mums Support Network. The Grove Adventure, Keltbrdy. Playgroun Alteryx. Young Titan5, Mace, Happy Drum5, Sunshine International Art& LaD)beth College. Accenture, Maclaren. Wates. The Voice. Metropolitan Police. Prince T( Ml Skills D¢v¢lopment Centre. The Skills Centr. The Voice Newspaper. JN Bank. Tots Stsrs Sport. Kids Can Kick and Early YeaT5 Alliance FINANCIAL REVIEW Reserve% policy The charity had Closing free werves of £121,809 at 31 March 2024. It is the wlicy of the trustees to hold free reserves to enable the numing costs of the charity to be mei for a period of 6 months. STRUCTURE, GOVERThfAI¥CE AND MAI¥AGEMENT Governlng document The charitable company was incorwrated a company limited by guardnte< ls defined by the Compantes Act 2006, on l February 2013. On 6 June 2013 it was Tegistrred with the Charity Commission, taking over the assets of the previous Ullillcorpo17ted charity of the same name (clwity number 287995) which was di&solved on 10 March 2014. Organisational strncture Loughborough Community Centr¢ is run by a management comMitt which constite the Board of Trustees. The chaTity has no connected chaTiti¢s or companies. REFERENCE AND ADMI]YlSTRATE DETAILS Registered Company number 08385640 (England and Wales) Reglstered Charity ntsmber 1152313 Reglstered office Max Roach One O'clock Club Wiltshir¢ Road London SW9 7NE Trnstees Ms M Denis Ms M Naicker Ms K Evan5 Ms R A Sunter (resigned 21.11.23) Ms N Ivey Ms T Lavender JWJRoome Pag¢ 5
LOUGHBOROUGH COMMUNTfY CENTRE REPORT OF THE TRUSTEES FOR YEAR EI¥DED 31ST MARCH 2024 REFERENCE AND ADMINISTRATIVE DETAIiS Independettt ExamRner Andrew Thurburn & Co Chartered Ac¢ountants 38 Tamworth Road Croydon Surrey CRO IXU Approved by order of the board of trustees on................ . . ....................... and $i¢d on its behalf by: J W J Room¢ - Trustee Page 6
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LOUGHBOROUGH COMMUNITY CENTRE Independent eIamlner'$ report to the trustees of Loughborough Community Centre ('the Comp8ny') I report to the charity trustecs on my cxatnination of the acUnts of thc Company for the year ended 3 1st March 2024. Re$pollsibilitle5 and basis of report As the charily's trustees of th¢ Cornpany (and also its diffctOT5 for the puryw)ses of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 {'the 2(K)6 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. l Teport in respect of my examination of your charity's accounts as carried out LEnder Section 145 of the Charities Act 2011 I'the 2011 Act.). In carrying out my examiDalion I have followed the Dtrections given by the Charity Commi&8ion under Section 145(5) (b) of the 2011 ACL Independent examiner'y statemeot Since your charity'5 gros5 in¢ome excceded £250,O¢XI your examiner rnwt be a member of a listed body. I can confirnl that l am qualified to undertake the exarnination becaiLSe l am a member of the Instituk of Chartered Accountants in England and Wales. which is one of the listed b(rtlies. I have completed my examination. J confiTtn that no matteT5 have come to my attention in connection with the examination giving me cause to believe: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act. or the accounts do not accord with those TecoTds' or the accounts do Dot comply with the aUting Trquirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is nol a rnatter considered as part of a tndependent examination. or the accounts have not been prepar&J in accordance with the D)ethods and prlnciples of the Statement of Recommended Prnctic¢ for CoUnting and rewrting by charities (applicable to charities preparing their aOUnts in accordance with the Finan¢ta] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)). I have no concerns and havc come acro DO other malters in connection wtth the examination lo which attention should be drawm in this report in order to enable a proper understanding of the accounts to be reached. Andrew Thurburn FCA Andrew ThuTburn & Co Chartered Accountsnts 38 Tamworth Road Croydon SUeY CRO IXU Date.. Page 7
LOUGHBOROUGH COMMUNrrY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 Total fimds 2023 Tolal funds Unrestricted Restricted fun4ts Notes INCOME AND ENDOWMENTS FROM Donations and legacies 6JlO 7,141 13,451 30.081 Charit8ble activities General 141.505 194,409 335,914 394.272 Other trading activities Investment income 23.987 19 589 24,576 19 7,597 Total 171821 202 139 373 960 431955 EXPENDITURE ON Charitable actlvhAes General 245,929 165.500 411,429 327,104 Other 1,260 Total 245.929 411,429 328,364 NET INCOMEI(EXPENDITURE) (74.108) 36.639 (37.469) 103.591 RECONCILIATION OF FUNDS Total funds brought fonvard 195.917 76.IKK) 271.917 168.326 TOTAL FUNDS CARRIED FORWARD 112639 271917 The not&s forn) part of these financial statements Page 8
LOUGHBOROUGH COMMUNrrY CENTRE BALANCE SHEET 31ST MARCH 2024 2024 Tolal fimds 2023 Total nds Utwestricted Restricted Notes CURRENT ASSETS Debtors Cash at bank and in hand 16,521 114817 16,521 227 456 4.179 270 130 112639 131,338 112.639 243,977 274,309 CREDITORS Amounts falling due within one year (9.529) (9.529> (2.392) NET CURRENT ASSETS 121.809 112.639 234,448 271,917 TOTAL ASSETS LE&S CURRENT LIABILITIES 121.809 112.639 234.448 271,917 NET ASSETS 121,809 112.639 271917 FUNDS Unrestricted funds Restricted fijnds 121.809 112.639 195.917 76.0(X) TOTAL FUNDS 271,917 The charitable company is entitled to ¢xernption from audit under Section 477 of the Companies Act 2006 for the year ended 3 1st March 2024. The members have not required the company to obtain an audii of its financial statements for the year ended 3 Isl March 2024 in accordance with Section 476 of the Companies Aci 2006. The ITUStees acknowledge their responsibilities for (a) ensuring that the charitable company k¢q>s accounting records that comply with Sections 386 and 387 of the Companies Act 2(M)6 and preparing financial slaternents which give a tTue and frdir view of the state of affairs of the charltable company as al the end of each financial year and of its sUlUS or deficit for ch financial year tn 3¢COTdance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 rclating to financial statements. so far a5 applicabl¢ to the clwitablc cornparty. (b) These financial statements have been prepar in accorda with the Provisions applicable to ¢haritable companies subject to the small companies regim¢. The financtal statements were approved by the Board of Trustees and authorised for issue on were signed on its behalf by: J W J Roome - Trustee The notes foTm part of these financial statements Page 9
LOUGHBOROUGH COMMUNrrY CEThE OTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 ACCOUNTING POLICILS Bsls of prep8rlng the Ilnn¢lal stltemtnts The financial statements of the charttabl¢ company. which is a public benefit entity under FRS 102. have been prepared in accordance with the Clwities SORF (FRS 102) 'Accounting and Reporting by Charities.. Statement of Recommended Practic¢ applicable to chariti&s preparing their accounts in accordance with the Financial Reporting Stsndard app1]b]e in the UK and Republic of Ireland (FRS 102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reportiug Standard applicable in the UK and Republic of Ir¢land' and the Compani¢s Act 2(M)6. The financial statements have been prep8Ted under the historical rost convention. lllcome All income is reco8nised in the Statement of Financial Activities once the charity has entitlement kn the funds. it is probable that the income will be received and the amouni can be measured reliably. Expendlture Liabilities are reCognid as expenditure as soon &5 there is a legal or constructive obligation committing the charity to that expcnditure. it is probable that a transfer of economic IKnefits will be required in settlemcllt and the amount of the obligation can be measured reliably. Expenditu is accounted for on an accruals basis and has been ¢la55ified tfftder headings that aggregate all $1 related to the category. Where costs cannot be directly attributed to particular hdIngS* they have been allocatol to activities on a basis coLsistent with the use of resources. Taxation The clwity is exempt from Corpordtion tsx on its ¢haritabl¢ activities. Fund accounting Unr¢stricted gcneral fimds call be used ID accordance with thc clwitable objectives ai the discretion of Ibe tTUStees. Unrestricted designated funds are unrestricted fill)d% sel aside by the ¢nleeS for particular purpose8. Restricted funds can Only be used for particular re5tri¢led purposes within the objects of the charity. Restrictions aTise when specified by the donor or when fidS are rdised for particular restTi¢ted pury)oses. Further explanation of the nature and purpose of each fimd is included in the notes to the financial statements. Pension costs and other post-retiremtnt benefits The ¢haritable company operntes a defthed contribution pension scheme. Contributions payable to the haritable company's pension scheme are c1w8 to the Statetnent of Financial Activities ID the p¢riod to which they relate. OTHER TRADINC ACTivfTILS 2024 2023 Centr¢ and pitch hire Sundry income 19.176 5,195 Page 10 continued...
LOUGHBOROUCH COMMUNrrY CENTRE OTES TO THE FINANCLIL STATEMENTS- eontiDued FOR THE YEAR EIWED 31ST MARCH 2024 INVESTMENT ll¥COME 2024 2023 Deposit account intertst 19 TRUSTEES. REMUNERATION AND BENEFrrs There were no tnte¢s, remunerdtion or other benefits for the year ended 3 1st March 2024 nor for the year ended 3 1st March 2023. Trustees, expenses 2024 2023 Trustees, expenses 340 360 STAFF COSTS The average monthly number of ernployees during the year was &8 follows". Charitable activities 2024 2023 No employees received emoluments in excess of £fA).¢XX). COMPARATIVES FOR THE STATEMENT OF FINANCIAL A1VITIEs Unrestricted funds Restri¢ted fidS Totsl futkds INCOME AND ENDOWMENTS FROM Donations and legacies 16.082 13.999 30.081 Chgritable a¢dvities General 174.2(Kl 220.072 394.272 Other trading activiti Investment income 6,817 780 7,597 Total 234 851 431.955 EXPENDI'fuRE ON Ch2ritgble 8¢tivities General 105.434 221.670 327.104 40 260 Totxl 105 474 222 890 NET INCOME 91.629 11,962 103.591 RECONCII.IATlnN OF VUNDS Total funds brougbt forward 104.287 64.039 168.326 Pagell continued...
LOUGHBOROUGH COMMUNrrY CENTRE NOTES TO THE FINANCIAL STATEMENTS- continlled FOR THE YEAR ENDED 31ST MARCH 2024 COMPARATIVES FOR THE STATEMENT OF FIIYANCIAL ACTIVITIES - eonlinued Unrestricted Restsicted funds funds Total funds TOTAL FUNDS CARRIED FORWARD 195917 271917 DEBTORS: AMOUMS FALLINC DUE WITItIN ONE YEAR 2024 2023 Other d¢btor5 Prepayments and accrued income 16.521 579 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 2024 2023 Trade ¢reditoTs Other crediiors Accrued expenses 7.807 457 1,193 59 1.140 2.392 MOVEMENT IN FUNDS Net movement in fid$ At 31.3.24 At 1.423 Unrestricted funds Generdl fiu 195.917 {74,108) 121.809 Restricted funds Holiday Play Project Preschool Aft¢r School 3.500 35,(KM) 9.115 41.958 14 4341 12,615 76,958 23.066 112639 TOTAL FUNDS 271,917 234.448 Page 12 continued...
LOUCHBOROUCH COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS- continued Net movement in fiJnd8. included in the aiK)ve are as follows: Incoming resources ResOu¢S expended Movement in funds Uore5tricted funds Generdl fiuMI 171,821 (245.929) (74.108) Restricted funds Holiday Play Project Family Support Presch(M)I After School Eventsffi¢stivals 39.730 25.001 127.408 {30,615) (25,001) (85.450) (14,434) 10.000 9,115 41,958 (14,434) 10.IKJO 202 139 36.639 TOTAL FUNDS 373.960 411429 37,469 Compar*tlves for movement In funds Net movement in ndS At 31.3.23 At 1.4.22 Unrestrleted funds General fund 104,287 91.630 195.917 Restricted funds Holiday Play Project Biteback Urban Health Family Support Preschool After School 554 (500) (37.280) 11.687 37,51M) 500 37.280 23J13 3.500 35.0(M) 37.500 TOTAL FUNDS 168 326 103 591 271917 Page 13 conttnued...
LOUGHBOROUGH COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31ST MARCH 2024 MOVEMENT IN FUNDS- continued Comparative net movement in funds. included in the above are as follows: tncotning ResoU¢S expended Movement in funds Unrestricted funds General fill 197.104 (105.474) 91.630 Restricted funds Holiday Play Project Biteback Urban Health Family Support Preschool After SchiM)I EventslFestivals 28.538 (27.984) (500) (88,058) (89.948) (12.500) 3.900 554 (500) (37.280) 11,687 37,500 50,778 101.635 50.000 3.900 234.851 222 890 11,961 TOTAL FUNDS 431955 328,364) 103 591 A current year 12 months and prior year 12 months combined klton is as follows: Net movement in funds At 31.3.24 At 1.4.22 Unrestricted fttnds Generdl fund 104,287 17.522 121.809 RtrIcted fund5 Holiday Play Project Biteback Urban Health Family Support Preschool After School 2,946 500 37.280 23.313 9.669 {51)0) {37.2801 53.645 23.066 12,615 76.958 23,066 64.039 112.639 TOTAL FUNDS 168 326 234,448 Page 14 continued..
LOUGHBOROUGH COMMUNrrY CEiYfRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ElED JIST MARCH 2024 MOVEMENT IN FUNDS- continued A cwrent year 12 months and prior year 12 months combined net movement in fiJnd4 included in the 8bov¢ are as follows: Incoming Resources expend1 Movement in ndS Unrestrleted funds General fund 368,925 {351,403) 17.522 Restrlcted funds Holiday Play Project Biteback Urban Health Family Support PrescFtool After School EYentsiFestivals 68,268 (58.599) (5(K)) (113.059) (175.398) (26.934) 13 900) 9.669 (500) {37.280) 53.645 23.066 75.779 229,043 50,IM)O 13.91K> TOTAL FUNDS 805.915 739 793) 66.122 RELATED PARTY DISCLOSURES There were no lated party transactions for the year eThled 31st March 2024. TRANSFER BETWEEN FUNDS At the end of the previous year the tntstees transferred £45.(KK) of the Unrostricted fijnds to Iksignated reserves for expenditure on the following after the year end.. Maintenance IT Equipmeni Siaffll)g cost £25.0(K> £14,0(K> £6,IXKI Durtng the year under review £31,130 of this w&8 S1t leaving the balance available at the year end of £13,870 principally for maiDtenan¢e. The Unrestricted funds at 31 Mah 2024 therefore CO$15t of: General fund 107.939 D¢sigllated fund 13,870 £121.809 Page 15
LOUGHBOROUGH COMMUNrrY CENTRE DETAILED STATEMENT OF FINANCLAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024 2024 2023 INCOME AND ENDOWMEwrs Donations legacies Charitable activities Donalions and legacies APG Income Preschool fees Donated services and facilities 2.310 1,654 5.973 19,997 13,451 30,081 Other tradlng actlvitles Centre and pitch hire Sundry income 19.176 5.400 5,195 2,402 24,576 7.597 Investment income Deposit account interest 19 Charltsble aetivttfres Grdnts 335,914 394 272 Total incoming re8our¢es 373.960 431,955 EXPENDITURE CharltAble acdvities Trustees, expenses Salaries Social security Pension contributions Activities and events Materials and equipment 340 243,878 14.195 4.697 45.166 360 159,828 12,967 3,947 31,463 325,1(Kl Support ¢osts Management Cleaning Telephon¢ Generdl office ¢xp¢nses Advertising Staff recruitment & cover Staff wellbeing Travel and subsistence Volunteers, expenses Health and safety IT Costs and website 214,674 1,070 1.660 611 .438 606 1,524 5.442 4.163 255 1.260 570 691 723 2.874 883 118 303 15.235 20.099 Thi5 page not fo part of the ststutory financial ststements Pag¢ 16
LOUGHBOROUGH COMMUNITY CE[RE DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST hfARCH 2024 2024 2023 MgDagement Ffinance Insurance Bank charges 740 170 720 180 910 Other Repairs and utiliti¢$ Garden maintenance Training Memberships Postage and stationery Sundries Building nIntenanCe 2.315 8.635 2,406 762 2,340 870 25,412 .403 4,792 2.618 40 14,744 18,092 34.550 49.879 Governgnee costs Consultancy Accountsncy fees Other Professional services 28.951 3,533 3.150 39,550 3,262 35.634 Total resources expended 411429 328.364 Net (expendltyrevincome 37,469 103.591 This page (bes Dot ftITtn part of the statutory fiDaacial ststements Page 17