STREATHAM DROP-IN CENTRE FOR ASYLUM SEEKERS AND REFUGEES
Registered Charity no. 1156824
Financial Statements Year ending March 31, 2025
Streatham Drop-in Centre for Asylum Seekers and Refugees was founded in 2002 and is based in Streatham, London Borough of Lambeth. We assist asylum seekers and refugees by providing a welcoming environment where they can access a number of relevant services and community activities. Our vision is a community in which all asylum seekers and refugees are welcomed, valued and able to participate fully in society.
Contents
| Current Charity Details | 4 |
|---|---|
| Report of the Executive Committee | 5 |
| Report of the Independent Examiner | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes to the accounts | 11 |
Streatham Drop-in Centre Financial Statement 2024/25
Current Charity Details
Trustees
Abiodun Olushola (Chair Appointed 28/12/2021 Zoheb Hafeez (Former Treasurer Resigned 07/02/2023) Ebrahim Piperdy (Treasurer Resigned 10/06/2023, Appointed 07/02/2023) Soria Rehamna (Appointed 14/10/2021) Jemeela Quraishi (Resigned 09/02/2024, Appointed 27/10/2021) Stephanie Murphy (Resigned 15/06/2023, Appointed 07/02/2023)
Premises
2 Mitcham Lane Streatham London SW16 6NN
Charity Number
1156284
Independent Examiner
The fee for the previous examiner doubled and the charity could not afford the fee. We are currently looking for a new accountant once we secure funding that are in the pipeline and recruit a new treasurer.
Previous Examiner: Angela Ktistakis ACA, FCCA (Not recently) GMAK Services Ltd Flat 1
26 Landsdowne Road London W11 3LL
Bank
Co-operative Bank PLC PO Box 101 101 Balloon Street Manchester M60 4EP
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Streatham Drop-in Centre Financial Statement 2024/25
Report of the Management Committee
The management committee, whose member are the trustees of Streatham Drop-in Centre, presents its report and independently examined financial statements for the year ending 31[st] March 2025.
Status
The charity's constitution is its governing document. The charity was registered on 8[th] June 2004 and 1"April 2005 took over all assets, liabilities and operations from the unincorporated association of the same name.
Charity's Objective
The charity's main objective is to support people who are refugees, asylum seekers and/or those who are similarly disadvantaged.
Annual Review
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The treasurer of the charity and the trustees stepped down from their roles from the charity the annual review for the charity; the process is extremely demanding since the trustees stepped down.
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Further to the above, the treasurer’s signature could not be attested, we have not onboarded a new treasurer.
Following the short of trustees, the SDIC team is working hand in hand to ensure that the family learning services maintains relationships in the community and work in partnership with other charities to deliver a wide range of educational, musical and outdoor activities to the communities we are set up to support.
The major organisational changes have caused the charity a lot of slowed experience with the departure of the co-ordinator who stepped down because of health issues, and the constraints in funding prevented the remaining board of trustees to re-hire a coordinator. Therefore, the trustees started to provide direct support and oversight to the staff to enable the continuation of our services but also to establish a funding strategy and execute it.
We comment that despite all odds, the Streatham drop-in Centre for Asylum Seekers and Refugees has proven that, even in the hardest of times, it strives to
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Streatham Drop-in Centre Financial Statement 2024/25
respond to the needs of the most vulnerable and provides holistic services which include family learning for both children and parents, Health advice and advocacy as well as welfare support for users experiencing extreme poverty.
Homework & Family Learning
Our team continued to inspire the parents by involving them in the organising of community, cultural, and religious events, creating networks among them and showing them how best to contribute to their community and personal development despite major organisational challenges and reduction in funding.
Advice & Support Services
Our advice lead support by:
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Ensuring access to Lambeth emergency support, health and housing services as well as Lambeth foodbank
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Enabling continuation and facilitation of health and immigration advice from Lambeth.
Our Supporters
Streatham Drop-In Centre relied on the previous donors for grants.
We also wish to thank local faith communities English Martyrs Church, St Peters Church, Clapham Methodist Church, Music For Children and Faith Together in Lambeth, together with Downings LLP, Streatham Food Festival and many other individual donors and volunteers, for reassuring of their contributions and support.
Financial review
The charity started the financial year 2024/2025 with reserves that were restricted, since the departure of our treasurer made this aspect challenging, we are actively looking for a new treasurer. However, we have not received any grants or donations this year. Our reserves policy is to hold three to six months running costs in free reserves as recommended by the Charity Commission. Our budgeted expenditure for 2023/24 is £45,000. We aim to hold between £21,000 and £42,000 in unrestricted funds.
The Trustees responsibilities
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Streatham Drop-in Centre Financial Statement 2024/25
The trustees are required under the constitution of the charity to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of its results for that period. In preparing those financial statements the trustees are required to:
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a) select suitable accounting policies and apply them consistently.
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b) make judgments and estimates that are reasonable and prudent; and
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c) prepare the financial statement on a going concern basis unless it is inappropriate to assume that the charity 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 charity. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Public Benefit
The trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission‘s general guidance on public benefit, ‘Charities and Public Benefit’.
_______ ~~Z lhacip.~~ Abiodun Olushola – SDIC Chair
SDIC Treasurer- (Actively searching)
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Streatham Drop-in Centre Financial Statement 2024/25
Statement of Financial Activities
March 31, 2024
| Incoming Resources Grants Donations Interest Other Total Incoming Resources Resources Expended Charitable Activities Governance Total Resources Expended Movement in funds Transfer between funds Total funds brought forward Total funds carried forward |
Notes 0 5 6 |
Unrestricted Funds £ 0 - 0 0 0 0 0 0 0 0 |
Restricted Funds £ ------ - - -------- ------- ------ 0 0 |
Total Funds 2023 £ 40,500 3,812 - 2,000 49,812 71,610 2,100 73,710 23,898 - 50,796 26,898 |
Total Funds 2022 £ 71,285 1,243 2,000 |
|---|---|---|---|---|---|
| 88,091 77,901 1,400 |
|||||
| 79,301 (4,773) - 55,569 |
|||||
| 50,796 |
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Streatham Drop-in Centre Financial Statement 2024/25
Balance Sheet
At March 31, 2024
| Current Assets Debtors and prepayments Cash at bank Cash in hand Current Liabilities Creditors and accruals Net Assets Funds Unrestricted Restricted Total Funds |
Notes 0 0 0 |
2023 £ 493 29,570 - 30,063 (3,165) 26,898 25,398 1,500 26,898 |
2022 £ 490 53,171 - |
|---|---|---|---|
| 53,661 (2,865) |
|||
| 50,796 | |||
| 43,370 7,426 |
|||
| 50,796 |
Approved by the Executive Committee/ Trustees on 20[th] May 2024.
| Management Committee Member/ | Management Committee Member/ |
|---|---|
| Trustee | Trustee |
The notes form part of these financial statements
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Streatham Drop-in Centre Financial Statement 2024/25
Notes to the accounts
1. Accounting Policies
Basis of accounting: These financial statements have been prepared in accordance with the charity’s constitution, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.
The accounts are prepared in sterling, which is the functional currency of the charity.
The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the CIO has adequate resources to continue in operational existence for the foreseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets: Capitalisation threshold of £250 applies and any capitalised items are depreciated at the rate of 25% per annum on cost.
Fund accounting: Funds held by the charity are either:
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unrestricted general funds: these are funds which can be used in accordance with the charitable objects at the discretion of the Executive Committee;
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restricted funds: these are funds which 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
Investment policy is to account for interest as and when received .
Incoming resources: voluntary income received in the form of grants and donations is recognised in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on specific performance, are recognised when the charity becomes unconditionally entitled to the grant.
Resources expended: Expenditure is recognised on an accruals basis as a liability is incurred.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity, and include the independent examiners fee and costs associated with the management of the charity
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Streatham Drop-in Centre Financial Statement 2024/25
Taxation: The charity is provisionally exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
2. Principal Funders
The Walcott Foundation granted 3-year funding totalling £75,000.This grant started on August 1 2020
BBC Children in Need Appeal granted 3-year funding totalling £85,136. This grant started on October 1 2018.
The Trust for London gave 1-year funding totalling £29,061 for 2021/22.
3. Incoming Resources: Grants
| BBC Children in Need Appeal The Walcott Foundation Trust for London London Catalyst The London Churches Refugees Fund Help for Refugees Thrale Charity RIN Total |
2023 £ - 28,000 10,000 - - 2,500 40,500* |
2022 £ 14,314 25,000 29,861 - 2,000 110 71,285 |
|---|---|---|
4. Incoming Resources:Donations
| Lambeth Food Bank Downing LLP The Leigh Trust Faith Together in Lambeth Personal Donations Total |
2023 £ - - 2,000 1,812 3,812 |
2022 £ 2,000 - - 1,194 3,194 |
|
|---|---|---|---|
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Streatham Drop-in Centre Financial Statement 2024/25
5. Charitable Activities
| o employee earned over £60,000 during the year. Governance Salaries (Employees: 5 (2020/21: 5) Employer NI Pension Homeworker Staff costs Events and activities Volunteer expenses Centre lunches and healthy snacks User grants User travel support Family support programme Rent Stationary, printing and postage Publications and subscriptions Insurance Phone Payroll admin Miscellaneous Total Independent examination and accounts preparation Management Committee expenses Total |
2023 £ 54,660 - 4,108 1,701 1,770 - - - - 400 - 4,193 - 1,180 939 547 - 2,112 71,610 2022 £ 2,100 200 2,300 |
2022 £ 64,788 - 4,984 - - - - (30) 3,155 1,755 - 492 1,434 493 564 266 77,901 2022 £ 1,200 200 1,400 |
|---|---|---|
No employee earned over £60,000 during the year.
6. Governance
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Streatham Drop-in Centre Financial Statement 2024/25
| 7. Debtors and Prepayments 8. Creditors and Accrued Expenditure Prepayments (Insurance) Total Accruals and sundry creditors Total |
2023 £ 492 492 2023 £ 3,165 3,165 |
2022 £ 490 490 2022 £ 2,505 2,505 |
|---|---|---|
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Streatham Drop-in Centre Financial Statement 2024/25
9. Restricted Reserves
| Balance 01 April 2022 £ Incoming resources £ Outgoing resources £ BBC Children in Need 2018/21 640 (640) Walcott Foundation 6,250 28,000 (34,250) Trust for London - 10,000 (10,000) The London Churches Refugee Fund 536 (536) The Leigh Trust 2,000 (2,000) Thrale Charity RIN - 2,500 (2,500) Total 7,426 42,500 (49,926) |
Balance 31 March 2023 £ - - - - - - - |
|---|---|
10. Related Parties
There are no related parties other than the trustees. No payments were made to the trustees during the year nor were they reimbursed any expenses. (2023: nil)
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