**REGISTERED COMPANY NUMBER: 08373501 (England and Wales) REGISTERED CHARITY NUMBER: 1156156**
## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 FOR URBAN COMMUNITY PROJECTS LTD**
Abide Accountancy Limited Chartered Certified Accountants and Statutory Auditors Kemp House, 160 City Road London EC1V 2NX
**URBAN COMMUNITY PROJECTS LTD CONTENTS OF THE FINANCIAL STATEMENTS**
**FOR THE YEAR E DED 31[ST] MARCH 2023**
Page
**Reference and administrative details**
**Report of the trustees Report of the independent auditor Statement of financial activities**
**Statement of financial position**
**Statement of cash flow**
**Notes to the financial statements**
**Detailed statement of financial activities**
**URBAN COMMUNITY PROJECTS LTD**
## **REFERENCE AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31ST MARCH 2023**
**TRUSTEES**
Ms Jacqueline Leon Fernandez Miss Rasheeda Graham
**COMPANY SECRETARY** Ms Kamilah Petrie **REGISTERED OFFICE** 13 Stratford Villas Camden London NW1 9SJ **REGISTERED COMPANY NUMBER** 08373501 **REGISTERED CHARITY NUMBER** 1156156 **INDEPENDENT AUDITORS** Abide Accountancy Limited Chartered Certified Accountants and Statutory Auditors Kemp House 160 City Road London EC1V 2NX
Page 1
**URBAN COMMUNITY PROJECTS LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
The members of the Management Committee, who are also directors of the charity for purpose of the Companies Act, and trustees for the purpose of the Charity Act present their annual report and accounts for the year ended 31 March 2023.
The accounts have been prepared in accordance with the accounting policies set out in Note 1 of the accounts and comply with the Companies Act 2006 and 'Accounting and Reporting for Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective I January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The charity's objects are:
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Volunteers**
Urban Community Projects is supported by many volunteers. There is a Volunteering Policy in place that underpins the way the Charity works with volunteers and details the benefits of volunteering for both the individual and the Charity. All volunteers are given a Volunteer Induction Pack and a volunteer induction before they start work with the Charity.
We have a core group of resident volunteers and Community Champions who supported the Charity and helped to manage Camden Mobile Food Bank. We recruit our Community Champions from local schools and target parents 'just getting by' on low incomes, who need extra skills, support and employment based training to improve their career prospects and increase their earning potential.
we worked with several corporate bodies that provided groups of volunteers who created and developed fundraising campaigns and helped manage Camden Mobile Food Bank. During the year under review 144 corporate volunteers supported our activities dedicating 104 hours .
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**URBAN COMMUNITY PROJECTS LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022**
## **ACHIEVEMENT AND PERFORMANCE Charitable activities**
## **Users facing food insecurity - Camden Mobile Food Bank**
There has been an increase in need of people/families suffering from food insecurity, advice and support including crisis situations (no money to buy food, imminent risk of eviction, disconnection of energy supply).
Since COVID-19 and now the cost-of-living crisis traditional food banks cannot rely on donations from local people. At Camden Mobile Food Bank we purchase food each week, to ensure we have enough food to give out to people and families who need our service.
The Food Bank continued to receive referrals from Social Services, Housing Services, Citizens Advice Bureau, JobHub, local community organisations and self-referrals from members of the public who were in need. Centrally placed to identify and support families suffering disproportionately affected by the cost of living crisis, our foodbank supported 2390 people and have seen a greater number of users with deficit household budgets.
- :
- 2390 people/families have been supported with our meal packs
- 1092 self-referrals using our online referral form
- 980 referrals from professionals
- 80% live within the NW1 postcode and the rest from NW5 and NW3
- 967 people live in households with 1 or more child.
- 1019 have never accessed a food bank before.
- 1071 are from Black Minority and Ethnic communities
The foodbank was supported by 156 volunteers who dedicated a total of 196 hours help us to sort, pack and deliver lunch and meal bags.
## **Activities for food bank users, Information, Advice and Guidance**
In partnership with the JobHub the Charity provided Information, Advice and Guidance for local people who accessed Camden Mobile Food Bank that were seeking work or want to undertake further education or training to improve their employment prospects. This service is provided to tackle worklessness and the cycle of poverty in the community by assisting local people with job search activities including CV writing, interview skills and assistance with completing application forms.
## **Children, young people and families**
## **‘One Mic, One Life’ Project**
We provide a supportive environment that gave young people a place to meet, learn new skills, enjoy activities that interest them and benefit from the support of Youth Workers they trust. The project allows us to provide positive diversions and REAL career pathways, so young people are less likely to get involved in crime. We ran a series of workshops for children, young people and families from Somers Town Ward. The workshops addressed the difficult issues young people are exposed to (knives, gang, drugs and other crime). The objective was to break the circle of deprivation by providing them with information and using a creative learning experiences to develop confidence, communication skills and develop a broader base for emotional literacy.
Workshops took place during the school holidays at various venues across Camden: 141 children, young people and families participated in 56 sessions of fun and exciting workshops.
## **Supporting local school children**
During the year under review Urban Community Projects received quaterly funding payments from Phoenix Court Works to support children and families at local schools in Somers Town with lunch and meal packs, throughout the school academic year (46 weeks). A total of £53,000 has enabled us to support children and families ‘just getting by’ on low incomes.
Camden Mobile food Bank has been working with Edith Neville School, St Mary’s School and Rhyl School in Camden, providing 9,240 school lunch packs and 3696 meal bags to 66 children and their families.
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## **URBAN COMMUNITY PROJECTS LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **Cost of Living Crisis**
## **Increasing food and advice provision:**
This year there has been an increase in need for food, advice and support including crisis situations (no money to buy food, imminent risk of eviction, disconnection of energy supply). In March 2023 we had supported 2390 people an increase of 42% at the same time the year before and have seen a greater number of users with deficit household budgets.
We have 1798 users requiring more support to resolve complex and multiple issues, which need in depth advice at casework level, along with users’ capacity to engage with the advice process due to increased stress and anxiety. Our users also need more access to advice to navigate the ever-changing welfare rights regulations and cost-of-living support measures.
## **Increasing advice provision:**
- Increase in need advice and support including crisis situations (no money to buy food, imminent risk of eviction, disconnection of energy supply)
- Users requiring more support to resolve complex and multiple issues, which need in depth advice at casework level along with users capacity to engage with the advice process due to increased stress and anxiety
- Users need more access to advice in order to navigate the ever-changing welfare rights regulations and cost-of-living support measures
- Insufficient advice capacity to deliver general advice and tailored casework at scale required in order to meet increased demand
- Missing opportunities to offer a more holistic response that is focused on longer term solutions for users in crisis
ln response to the needs of our local community we focused on working with a range of partners to increase our food provision and provide more advice provision in Housing and Benefits advice.
## **FINANCIAL REVIEW**
## **Financial position**
Trustees are satisfied with the financial performance of the charity, and this is on pages 12 and 13 of these accounts.
The Trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
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**URBAN COMMUNITY PROJECTS LTD**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2023**
## **STRUCTURE & GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
The governing document of the Charity is the Memorandum and Articles of Association. Under the requirements of the Memorandum and Articles of Association, one-third of the members of the Council for the time being, or if their number is not a multiple of three then the number nearest to one-third shall retire from office at the AGM. Notice must be given in writing by a member of the Charity duly qualified to be present and vote at the meeting, of her/his intention to propose a person for election and also notice in writing, signed by the person to be proposed, of her/his willingness to be elected, not less than four nor more than twenty-eight intervening days before the AGM.
## **Organisational structure**
The organisation is a charitable company limited by guarantee incorporated on 23rd October 2013 and registered as a charity on 10 January 2014. The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association.
Urban Community Projects has three Directors/Trustees who meet regularly throughout the year. The Trustees are responsible for the strategic direction and policy of the charity and compliance. The Secretary attends the Committee meetings but has no voting rights.
The Trustees, who are also the directors for the purpose of company law and who served during the year were:
Miss Rasheeda Graham Ms Jacqueline Leon Fernandez Mrs Kamilah Petrie
Due to the nature of the charity's work the Trustees seek to ensure that the needs of all beneficiaries of the charity are represented amongst their membership.
## **Decision making and Service Delivery**
The Directors/Trustees are responsible for strategic decision making.
A scheme of delegation is in place and day to day responsibility for the delivery of services rests with the Charity’s Chief Executive Officer and the staff team. The Chief Executive Officer is responsible for ensuring that the charity delivers the services specified and that Quality Standards are maintained. All members of staff have a role in the day-to-day operations management of the Charity and ensuring that the Health and Safety and Safeguarding Policies are always adhered to. The Chief Executive Officer supervise members of the staff team and ensures that members of the team continue to develop their skills and working practices.
New trustees are invited to attend training sessions organised by Voluntary Action Camden if they want to gain further insight into specific aspects of managing a charity.
The charity's Memorandum and Articles call for the charity to co-operate with statutory authorities, voluntary and community organisations to achieve its objectives. Maiden Lane Community Centre maintains close working relationships with LB Camden, Camden Youth Service, and Camden's Children Schools and Families Department, Camden Community Safety Team, the Safer Neighbourhood Team, NHS, Camden Community Centres Consortium and other voluntary and community organisations. We have also established working relationships with a number of corporate bodies.
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**URBAN COMMUNITY PROJECTS LTD REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31ST MARCH 2023**
## **STATEMENT OF TRUSTEES' RESPONSIBILITIES**
The trustees (who are also the directors of Urban Community Projects Ltd for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
- there is no relevant audit information of which the charitable company's auditors are unaware; and
- the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
## **AUDITORS**
The auditors, Abide Accountancy Limited, Nathaniel Appiyah will be proposed as a new appointment at the forthcoming Annual General Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 4th January 2024 and signed on its behalf by:
**. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Jaqueline Leon Fernandez Treasurer**
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**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF URBAN COMMUNITY PROJECTS LTD**
## **Opinion**
We have audited the financial statements of Urban Community Projects Ltd (the 'charitable company') for the year ended 31st March 2023 which comprise the Statement of financial activities, the Statement of financial position, the Statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
## **In our opinion the financial statements:**
- give a true and fair view of the state of the charitable company's affairs as at 31st March 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', and
- have been prepared in accordance with the requirements of the Companies Act 2006.
## **Basis for opinion**
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Gur responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## **Conclusions relating to going concern**
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## **Other information**
The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements, or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Page 8
## **Opinions on other matters prescribed by the Companies Act 2006**
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Report of the trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Report of the trustees has been prepared in accordance with applicable legal requirements.
Page 9
**REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF URBAN COMMUNITY PROJECTS LTD**
## **Matters on which we are required to report by exception**
ln the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees.
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
- the financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of trustees' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- - the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic report or in preparing the Report of the trustees.
## **Responsibilities of trustees**
As explained more fully in the Statement of trustees' responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
ln preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
Page 10
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF URBAN COMMUNITY PROJECTS LTD**
## **Our responsibilities for the audit of the financial statements**
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
- Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
- Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the charitable company's internal control.
- Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees.
- Conclude on the appropriateness of the trustees' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the charitable company's ability to continue as a going concern. lf we conclude that a material uncertainty exists, we are required to draw attention in our Report of the independent auditors to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Report of the independent auditors. However, future events or conditions may cause the charitable company's to cease to continue as a going concern.
- Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
Page 11
## **REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF URBAN COMMUNITY PROJECTS LTD**
## **Use of our report**
This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
**. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .** Cimone Downes (ACIE) for and on behalf of Abide Accountancy Limited Chartered Certified Accountants and Statutory Auditors Kemp House, 160 City Road London EC1V 2NX
Date: 8th December 2023
Page 12
## **URBAN COMMUNITY PROJECTS LTD**
## **STATEMENT OF FINANCIAL ACTVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2023**
|**Notes**
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
5
Camden Mobile Food Bank
Youth activities
Employment and Training
Other trading activities
3
Investment income
4
Other income
**Total**
**EXPENDITURE ON**
**Charitable activities**
6
Camden Mobile Food Bank
Youth activities
Employment and Training
(IAG)
Charity rebranding
**NET INCOME**
**(EXPENDITURE)**
**RECONCILIATION OF**
**FUNDS**
**Total funds brought**
**forward**
TOTAL FUNDS CARRIED
FORWARD|**Unrestricted**
**fund**
**£**
56,366.40
52,000
4366.40
-
-
-
-
___________
56,366.40
52,000
-
-
4335.61
**___________**
56,335.61
4366.40
**___________**
4366.40
**__________**|**Restricted**
**fund**
**£**
65,765.98
32,484.94
-
35,969.98
__________
68,454.92
32,484.94
-
35,969.98
-
**__________**
68,454.92
**-**
**__________**
-
**__________**|**2023**
**Total**
**funds**
**£**
124,821.32
84,484.94
4366.40
35,969.98
-
-
-
__________
124,821.32
84,484.94
-
35,969.98
4335.61
__________
124,790.53
4335.61
**__________**
4366.40
**__________**|**2022**
**Total**
**Funds**
**£**
61,196.66
55,196.66
3,000
3000
-
-
-
__________
61,196.66
50,534.72
7,442.58
31,046.40
12,000
**__________**
(39,827.04)
35,491.43
**__________**
4335.61
**__________**|
|---|---|---|---|---|
The notes form part of these financial statements
Page 13
**URBAN COMMUNITY PROJECTS LTD**
## **STATEMENT OF FINANCIAL POSITION 31 MARCH 2023**
|**Notes**
**FIXED ASSETS**
Tangible assets
11
**CURRENT ASSETS**
Debtors
12
Cash in bank
**CREDITORS**
Amounts falling due within one year
13
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**ACCRUALS AND DEFERRED**
**INCOME**
14
**NET ASSETS**
**FUNDS**
Unrestricted funds
16
Restricted funds
**TOTAL FUNDS**|**2023**
**£**
-
124,821.32
4366.40
__________
-
**__________**
4366.40
__________
**__________**
4366.40
**__________**
56,366.40
68,454.92
__________
124,821.32
**__________**|**2022**
**£**
-
61,196.66
4,335.61
__________
-
**__________**
4,335.61
__________
**__________**
4,335.61
**__________**
-
61,196.66
__________
61,196.66
**__________**|
|---|---|---|
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 4[th] January 2024 and were signed on behalf by:
**. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .**
## **Jacqueline Leon Fernandez Treasurer**
The notes form part of these financial statements
Page 14
## **URBAN COMMUNITY PROJECTS LTD**
## **STATEMENT OF CASH FLOW FOR THE YEAR ENDED 31[ST] MARCH 2023**
|
**Notes**
**Cash flows from operating activities**
Cash generated from operations
18
Net cash (used in)/provided by operating
activities
**Cash flows from investing activities**
Interest received
Net cash provided by investing activities
**Change in cash and cash equivalents in**
**the reporting period**
**Cash and cash equivalents at the**
**beginning of the reporting period**
**Cash and cash equivalents at the end of**
**the reporting period**|**2023**
**£**
-
__________
-
__________
-
__________
-
__________
(68,454.92)
**-**
**__________**
**-**
**__________**|**2022**
**£**
-
__________
-
__________
-
__________
-
__________
-
**-**
**__________**
39,827.04
**__________**|
|---|---|---|
The notes form part of these financial statements
Page 15
**URBAN COMMUNITY PROJECTS LTD**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023**
## **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.
## **TANGIBLE FIXED ASSETS**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment
25% on reducing balance
## **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 the 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.
continued. . .
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**URBAN COMMUNITY PROJECTS LTD**
## **NOTES OF THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 MARCH 2023**
|**2. DONATIONS AND LEGACIES**
Donations
Gift aid
Just Giving
Charitable Giving
The Neighbourly Foundation
Camden Giving
Somers Town Community
Francis Crick
Origin Housing Association
Sterling Bank (Mustard Seed Group)
LB Camden
Phoenix Court Group
Prism The Gift Fund
**3. OTHER TRADING ACTIVITIES**
**4. INVESTMENT INCOME**
Deposit account interest
**5. INCOME FROM CHARITABLE ACTIVITIES**
Activity|**2023**
**£**
-
-
2688.94
2566.40
-
35,969.98
-
-
-
-
29,796
1800
52,000
__________
124,821.32
**__________**
**2023**
**£**
**-**
**__________**
**-**
**__________**
**2023**
**£**
-
**__________**
**2023**
**£**
-
**__________**|**2022**
**£**
-
-
1650
-
400
-
5646.66
6000
2000
1500
-
-
44,000
__________
61,196.66
**__________**|
|---|---|---|
|||**2022**
**£**
**-**
**__________**
**-**
**__________**|
|||**2022**
**£**
-
**__________**|
|||**2022**
**£**
-
**__________**|
continued. . .
Page 17
**URBAN COMMUNITY PROJECTS LTD**
## **NOTES OF THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 MARCH 2023**
|**6. CHARITABLE ACTIVITIES COSTS**
Camden Mobile Food Bank
Youth activities
Employment and Training (IAG)
**7. DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff Cost
Rent, business rates & water rates
Insurance
Light and heat
Printing, postage, stationary and telecommunications
STCA/Living Centre activities
Subscription and DBS check
Audit fees
Training
Miscellaneous expenses
Computer equipment
Depreciation|**2023**
**£**
49,785.60
-
342.41
-
-
70,669.32
111.50
785
-
-
-
-
__________
121,693.83
**__________**|Direct
**Costs (see**
**Note 7)**
**£**
84,484.94
4366.40
35,969.98
**__________**|
|---|---|---|
|||124,821.32
**2022**
**£**
40,300
-
342.41
-
-
19,657.75
111.50
785
-
-
-
-
__________
44,641.91
**__________**|
## **8. NET INCOME/(EXPENDITURE)**
|Net income/(expenditure) is stated after charging/(crediting):
Depreciation - owned assets|**2023**
**£**
-
**__________**|**2022**
**£**
-
**__________**|
|---|---|---|
continued. . .
Page 18
**URBAN COMMUNITY PROJECTS LTD**
## **NOTES OF THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 MARCH 2023**
## **9. 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 There were no trustees' expenses paid for the year ended 31st March 2023 nor for the year ended 31st March 2022.
|**10. STAFF COST**
Wages and salary
Social security costs
Other pension costs
The average monthly number of employees during the year was
as follows:
Project worker
Core worker
**N**o employees received emoluments in excess of £60,000
**11. TANGIBLE FIXED ASSETS**
**COST**
At 1st April 2022 and 31st March 2023
**DEPRECIATION**
At 1st April 2022
Charge for year
At 31 March 2023
**NET BOOK VALUE**
At 31st March 2023
At 31st March 2022|**2023**
**£**
49,785.60
-
-
__________
49,785.60
**__________**
**2023**
2
1
**3**
**__________**
**Computer**
**equipment**
**£**
-
_________
-
_________
-
**_________**
-
**_________**
-
**_________**|_
|**2022**
**£**
40,300
-
-
_________
40,300
**_________**
**2022**
3
1
_________
**4**
**_________**
**Totals**
**£**
-
_________
-
_________
-
**_________**
-
**_________**
-
**_________**|
|---|---|---|---|
|||
||
|||||
continued. . .
Page 19
**URBAN COMMUNITY PROJECTS LTD**
## **NOTES OF THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 MARCH 2023**
|**12. DEBTORS: AMOUNTS**
**FALLING DUE WITHIN ONE**
**YEAR**
Other debtors
Prepayments
**13. CREDITORS: AMOUNTS**
**FALLING DUE WITHIN ONE**
**YEAR**
Social security and other taxes
Accrued expenses
**14. ACCRUALS AND DEFERRED**
**INCOME**
Charitable Giving (Google)
**15. ANALYSIS OF NET ASSETS**
**BETWEEN FUNDS**
**Unrestricted**
**fund**
**£**
Fixed assets
Current assets
Current liabilities
**-**
Accruals and deferred income
4366.40
________
**16. MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**Restricted funds**
Restricted fund
**TOTAL FUNDS**|**Restricted**
**fund**
**£**
**-**
-
________
**At**
**31.3.22**
-
-
________
35,491.43
**_________**|**2023**
_________
-
**_________**
**2023**
**£**
**-**
-
_________
-
**_________**
**2023**
**£**
4366.40
________
4366.40
**_________**
**2023**
**Total**
**funds**
**£**
-
4366.40
**-**
4366.40
________
**Net**
**movement**
**in funds**
**£**
**-**
39,827.04
________
39,827.04
**_________**|**2022**
________
-
**__ ______**
**2022**
**£**
**-**
-
_________
-
**_________**
**2022**
**£**
-
________
-
**_________**
**2022**
**Total**
**funds**
**£**
-
4335.61
**-**
4335.61
________
**At**
**31.3.23**
4335.61
**-**
4335.61
**_________**|
|---|---|---|---|
Page 20 continued. . .
**URBAN COMMUNITY PROJECTS LTD**
## **NOTES OF THE FINANCIAL STATEMENTS – continued FOR THE YEAR ENDED 31 MARCH 2023**
## **17. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st March 2023.
## **18. RECONCILIATION OF NET INCOME/(EXPENDITURE) TO NET CASH FLOW FROM OPERATING ACTIVITIES**
|Net income/(expenditure) for the reporting period
(as per the Statement of financial activities)
Adjustments for:
Depreciation charges
Interest received
(Increase)/decrease in debtors
Decrease)/increase in creditors
Net cash (used in)/provided by operations|**2023**
**£**
124,790.53
-
-
-
-
_________
124,790.53
**_________**|**2022**
**£**
39,827.04
-
-
-
-
_________
39,827.04
**_________**|
|---|---|---|
## **19. ANALYSIS OF CHANGES IN NET FUNDS**
|**Net cash**
Cash in bank
**Total**|**At**
**31.3.22**
4335.61
_________
4335.61
_________
4335.61
**_________**|**Cash flow**
**in funds**
**£**
(30.79)
_________
(30.79)
_________
(30.79)
**_________**|**At**
**31.3.23**
4366.40
_________
4366.40
_________
4366.40
**_________**|
|---|---|---|---|
## **20. GOING CONCERN**
The Charity's trustees have taken steps to consider the impact that the cost-of-living crisis and other economic factors may have on the Charity and consider that the charity has adequate resource and sufficient sources of funds available for the foreseeable future. Therefore, the trustees believe that it is appropriate for this reason to continue to adopt the going concern basis in preparing the financial statements for the year ended 31 March 2023.
Page 21
**URBAN COMMUNITY PROJECTS LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31STMARCH 2023**
||||**2023**|**2022**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**fund**|**fund**|**funds**|**funds**|
||**£**|**£**|**£**|**£**|
|**INCOME AND ENDOWMENTS**|||||
|**Donations and legacies**|||||
|Donations|-|-|-|-|
|Gift aid|-|-|-|-|
|Just Giving|-|2688.94|2688.94|-|
|Charitable Giving|2566.40|-|2566.40|-|
|Camden Giving CG|-|35,969.98|35,969.98|3504.05|
|Somers Town Community Association|-|-|-|5646.66|
|Francis Crick|-|**-**|**-**|6000|
|The Neighbourly Fund||**-**|**-**|400|
|Origin Housing Association||**-**|**-**|2000|
|L B Camden||29,796|29,796||
|Phoenix Court Group|1800|**-**|1800|-|
|Prism The Gift Fund|52,000|-|52,000|44,000|
||________|________|________|________|
||56,366.40|68,454.92|124,821.32|61,196.66|
|**Other trading activities**|||||
||-|-|**-**|**-**|
||________|________|________|________|
|**Investment income**|||||
|Deposit account interest|-|-|**-**|**-**|
|**Charitable activities**|||||
||-|-|-|-|
|**Other income**|||||
|Other income|-|-|**-**|**-**|
||________|________|________|________|
|**Total incoming resources**|||||
|**EXPENDITURE**|||||
|**Charitable activities**|||||
|Wages|**-**|49,785.60|49,785.60|40,300|
|Social security|**-**|-|**-**|-|
|Rent, business rates and water rates|**-**|-|**-**|-|
|Carried forward|**-**|49,785.60|49,785.60|40,300|
This page does not form part of the statutory financial statements
Page 22