2020/21 A N N U A L R E P O R T
PREPARED BY LGK IN THE COMMUNITY
N A S H D O M C O M M U N I T Y H U B S U N S T R E E T W A L S A L L W S 1 4 A L
W W W . L G K . O R G . U K W W W . L E A R N - L G K . O R G
LGK in the Community Charity Profile
LGK in the community was set up in 2014 in memory of the late Lakis Panayiotou. Founder of the LGK mission of using food and heritage to unite people for positive change. Since then the charity have grown from height to height and have a series of programmes that run throughout the year helping those that need it most.
The heart of the LGK annual programme is the pop up traditional Greek village restaurant that runs every May and June each year. Lakis Greek Kitchen as it is known is the organisations fundraising arm and all proceeds support the annual ongoing mission alongside assisting those that need it most from profits made.
The organisations main programmes are the Dishes of Change scheme also known as DoC and LGK productions. The DoC offers food education and welfare support through the ongoing food bank. The productions arm of the charity collects tangible stories of migration that are at risk of being lost in time.
ANNUAL REPORT 2020/21
02
CHAIRPERSON STATEMENT
Having been involved from the beginning of the LGK journey we are proud to have been able to help those that need it most, and more importantly when they needed help we were there.
LGK has become a dynamic organisation using food and heritage to make a lasting change in peoples lives. We are now on our second production following the success of the first documentary again preserving migration journeys of the wonderful communities of Birmingham and beyond. 2020/21 has been a challenging year for us all, but we have
demonstrated resilience and the ability to survive against all odds.
LILIANA MALLA
C H A I R / D I R E C T O R L G K I N T H E C O M M U N I T Y
L G K I N T H E C O M U N I T Y | A N N U A L R E P O R T 2 0 2 0 / 2 1
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I N T R O D U C T I O N
W H E R E W E A R E N O W
LGK has had an extremely successful year 2020/21 n terms of the extended and current offer
2020/21 has been eventful year for all, however LGK has used this as an opportunity to extend its provision and act as one of the key charities in supporting those in need during the pandemic. Within 2020/21 LGK has delivered 6 key programmes which include:
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Heart of England Dishes of Change digital programme Erdington Crisis support NNS scheme
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Lottery Covid response programme
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Easter HAF scheme Walsall MBC
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Queens of the Commonwealth production (Ongoing) Summer HAF scheme Walsall
This is of course in addition to the ongoing programme which includes:
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LGK food bank scheme LGK Festive food bank programme
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Lakis Greek Kitchen pop up taverna
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Clothes, furniture and kitchen utensils bank.
These schemes have collectively benefitted over 5500 individuals across the year and have extended our provision into, art, dance and the ability to deliver digital programmes.
- M BC
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ANNAUL REPORT 2020/21 HEART OF ENGLAND DIGITAL DISHES OF CHANGE
During the pandemic and lock down LGK was unable to continue with their food school offer through the 'Dishes of Change' concept. Having delivered a welfare programme in 2019/20 known as 'Dishes in the Cupboard', in which educated those in need on how to cook using produce from their cabinets. or local food bank. The Digital programme took that exact process online. This included the delivery of a 6 months scheme working in a 6 week block system. LGK was funded from HoE to adapt to an E-learning platform in which we ran 2 parellel schemes.
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ANNUAL REPORT 2020/21 ERDINGTON NNS CRISIS SUPPORT
The impact on the pandemic on food poverty was immense . Having to deal with feeding children in households that were reliant on free school meals. This had a knock on effect on those already in need of food support.
Through the support of the Erdington Neighbourhood Network scheme managed through the Witton Lodge Association, LGK extended the dishes in the cupboard programme to Erdington constituents.. A series of zoom cook along programmes were accompanied by food parcels to local residents. Within a 6 week period we supported 42 families in need which included:
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Womens refuge centres
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Single parent families
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Welfare recipients Older isolated adults
Through the feedback and data collection of this programme we were able to gather intelligence in order to engage in a larger proposal to the National Lottery.
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ANNUAL REPORT 2020/21 DISHES OF CHANGE CRISIS RESPONSE
Following on from some of our innovative work within Birmingham, LGK spread their wings to offer a cross borough programme in Walsall, Birmingham and Coventry. This included:
Coventry: Support for the homeless community given shelter in local hotels. This included drug and alcohol advice and support, basic English lessons, food support through a hot meal offer and jobs and skills training. This was inclusive of the scheduled support of 82 individuals.
Walsall: Support through a 3 x 6 week block food bank scheme offering food parcels to over 50 families in need over the given time period. The support included learning english though cooking classes to newly arrived immigrants , jobs and skills training and drugs and alcohol rehabilitation support.
Birmingham: A 3 x 6 week food bank offer to families in North Birmingham and central locations. This included an online food class teaching recipients what to cook with their parcels.
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ANNUAL REPORT 2020/21 EASTER HAF SCHEME
LGK ran its 1st online holiday programme as part of the Walsall Holiday Activity Fund initiative also known as HAF. This scheme was a sell out and attended by over 200 young people. The programme included:
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Art Attack with Michelle
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Online Dance class with Steps8 dance group Cook along with LGK chef Zena
As this was in the height and flight of the lockdown the scheme was well received. LGK managed to adapt recipes from food bank produce and assist youngsters in cooking smart for themselves and their families. Each child would enrol on either the cooking, art or dance sessions. The art and cook along were one week long courses, and the dance sessions were 1 day programmes.
In terms of the cooking scheme LGK went above and beyond to make the experience of each child special. In addition to the food parcels delivered to each household as part of the scheme through Walsall MBC, the team created bespoke ingredients to each participant creating a fun packed menu for the week.
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ANNUAL REPORT 2020/21
QUEENS OF THE COMMONWEALTH
With the support of the Heritage Fund LGK yet again have been successful with a grant to produce a documentary on the migration of commonwealth women from across the globe that have chosen Birmingham as their home.
With the commonwealth games being hosted in Birmingham next year, LGK have designed a documentary proposal to interview 22 women to be launched and celebrated in June 2022. The aim of the launch is to join forces with the 'This Is My City' Birmingham campaign in which LGK lead on the dishes aspect of this scheme. The themes of the documentary are:
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Back home
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Early memories
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The decision to leave
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The pain of goodbye
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1st days on British soil
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Evolution into British society Life in Birmingham
The documentary is well under way and is in pre production phase, as the last few interview are being staged. The festival/premiere is planned as a drive through cinema with an adjacent food festival and commonwealth themed entertainment.
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ANNUAL REPORT 2020/21
SUMMER HAF SCHEME WALSALL MBC
Over the 6 week summer holiday of 2021 LGK in the community organised designed and implemented a holiday camp, with a variety of activities which included:
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Dance with steps8
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DJ workshops for kids with Show It Off productions
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Dishes of Change food school
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Lunch box tour
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Art Attack with Michelle
The scheme catered for over 500 young people classed as disadvantaged and on the free school meals programme. The varied offer from the charity meant that other providers had the opportunity to book sessions to complement their own summer offer.
The food school was the focal point of our summer programme, in which was very well attended and also commemorated by the Lord Mayor of Walsall Mrs Cllr Rose Burley.
Walsall council have invited LGK to run a more hands on programme again for the Christmas HAF scheme.
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ANNUAL REPORT 2020/21 LGK ANNUAL PROGRAMME
LGK has always ran an annual programme in which is self sustained, and forms the heart of the LGK mission year on year. Despite the pandemic and the fact that the Frankfurt XMAS markets were closed, LGK still managed to cater for just over 2900 individuals as part of their festive food bank programme. This year also included extra support from the likes of Network rail and Grand central station, who set up food pantries across the station to support the scheme.
In 2019 Lakis Greek Kitchen the heart and soul of the charity operated on a delivery service only for season 7. However in May 2020 the taverna pop for season 8 was re opened to the public, under strict covid conditions and social distancing measures. Although there was a reduced capacity the annual fundraiser still managed to raise £11,984.47p. This was allocated to good causes and some of the charities upcoming on-costs .
The ongoing food bank programme has grown from strength to strength and now offers a sustained flow of support in which is financially independent. LGK has managed to attract monthly sponsorship for the food bank from the Greek Orthodox Church of Saint Lukes in Erdington. The charity are now working with the Magnet centre to attract funding to create a permanent food depot.
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ANNUAL REPORT 2020/21 OFFICIAL LAUNCH OF NEW MASCOT
After a long wait LGK has finally had a facelift and re branded its online presence and promotional material. As part of this campaign we are proud to announce the release of our new Mascot the one and only
Lakis himself.........
A mascot and theme for each element of the organisation
OCTOBER 2021
Annual Financial Report 2020/21
LGK IN THE COMUNITY ANNUAL REPORT 2020/21
FINANCIAL SUMMARY
148%
Increase of overall charity income in comparison to 2019/20 in which was the worst year on record due to the knock on effect of the pandemic. Having lost a series of commissions along with our headline sponsor.
70%
Increase of commissioned services since previous financial year. Thus showing potential clients and commissioners that LGK has the ability to deliver.
22%
Increase in sponsorship despite having lost previous donors
LGK IN THE COMMUNITY ANUAL REPORT 2020/21
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EXPENDITURE BREAKDOWN
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125,000
100,000
75,000
50,000
25,000
0
SALE OF ASSETS
7.9%
COMMISION
27.1%
EXT FUNDING
51.8%
SPONSORS
5.8%
FUNDRAISING
7.1%
QOC EXP QOC INC QOA EXP QOA INCDISHES EXPDISHES INCEASTER HAF EXPEASTER HAF INCSUMMER HAF EXPSUMMER HAF INC ONCOSTSTAVERNA EXPTAVERNA INC
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LGK ANNUAL REPORT 2020/21
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INCOME & EXPENDITURE STATEMENT
INCOME MATRIX
EXTERNAL FUNDING £107,724 Commissioned programmes £56,477 Sale of Assets £16,400 Fundraising £14,739.75 Sponsorship £12,000 Refunds £798
Total Annual income 2020/21
£208,108
Expenditure
Queens of the Commonwealth £25,449.14 Queens of Amathus £4,342 £93,226.62 Dishes of Change £4,366 Easter HAF £34,313 Summer HAF £5341 Charity On-costs £7727 Taverna season 8
Total annual expenditure 2020/21
£174,839.37
LGK ANNUAL REPORT 2020/21
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our 2021/22 STRATEGY
| PROJECTS | DETAILS | OUTCOME | OUTCOME |
|---|---|---|---|
| DISHES OF CHANGE | To change peoples | Obtain a 3 year extended |
|
| perceptions of each other through food. |
programme through NL |
||
| Est | a robust income | ||
| matrix to sustain the | |||
| scheme | |||
| LGK PROODUCTIONS | To continue the | Complete and | |
| journey of preserving | release the Queens | ||
| history and | of the | ||
| protecting stories | Commonwealth | ||
| from being lost in | documentary and | ||
| time. | acquire acquisition | ||
| on mainstream tv. | |||
| Secure funding and | |||
| investment for a UK | |||
| Queens of Amathus | |||
| documentary. | |||
| Design a portfolio of | |||
| documentaries | |||
| worthy of funding in | |||
| line with the LGK | |||
| vision | |||
| FOOD BANK SCHEME | Ongoing support to | Establish | |
| families and | investment for a | ||
| individuals in need of | permanent food stall | ||
| food resources . | at the Erdington | ||
| magnet centre | |||
| Continue to attract | |||
| sponsorship to | |||
| sustain the scheme. |
LGK ANNUAL REPORT 2020/21 PAGE 17
ACKNOWLEDGEMENTS
We would like to conclude this report with acknowledging some of the ongoing suppiort to the charity by certain individuals and organisations/companies.
Those responsible for concept and coordination of the Dishes of Change programme
Zena Weeks
Fotoula Lytras Leah Taylor
A special thanks to the LGK production team for the Queens programme and ongoing efforts throughout the year 2020/21.
LGK in the Comunity NashDom Comunity HUB Sun Street Walsall WS1 4AL www.lgk.org.uk www.learn-lgk.or info@lgk.org.uk
The designers of our new online platform
Flavour designs
A special thank you to the board of trustees for their continuous support and dedication to the cause.
Our sponsors and all that contnue to support our cause.
WE THANK YOU FOR YOUR CONTINUED SUPPORT IN OUR PROGRAMS
REGISTERED COMPANY NUMBER: 10418907 (England and Wales) REGISTERED CHARITY NUMBER: 1182273
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021
FOR
LGK IN THE COMMUNITY (A COMPANY LIMITED BY GUARANTEE)
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
LGK IN THE COMMUNITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
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 31 October 2021. 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 Vision
To bring communities closer together by developing a shared understanding of the role different groups and individuals have had in shaping today's society.
Mission
To promote cohesion between and within communities, at a neighbourhood level and globally, by highlighting the historic contributions made by a variety of communities
To work with young people and the community at large to address wellbeing, health inequalities, food poverty and social cohesion
To use the 'arts', culture, 'sport' and other tools to engage with people.
Aim
To explore, record, preserve and share the individual and collective heritage of groups and individuals. To develop initiatives to improve people's wellbeing.
Objectives
The prevention and relief of poverty for the public benefit in Birmingham by providing donations of food for local food banks.
The advancement of education for the public benefit in Birmingham by providing workshops relating to healthy eating and nutrition, cooking on a budget and health and safety procedures in the handling and preparation of food.
For the public benefit to promote the relief of elderly people resident in Birmingham by providing a befriending service and group opportunities for social contact and interaction designed to relieve social isolation and lowliness.
Significant activities
To advance the education for the public benefit in all aspects of the culture, arts, wellbeing, heritage and social history, including those that are disadvantaged from different racial groups in the West Midlands and globally. In so doing promoting the cohesion between and within such groups.
Delivering healthy cooked food around the city using a vehicle as a portable kitchen. The vehicle is also used to collect and distribute food for the food bank element of the organisation.The vehicle is to be owned by the charity, LGK. All the funding and donations received will be applied for the charitable purposes only. Food may be prepared in the kitchen facility provided free of charge by the charity's supporters at their residences or other venues where an event is organised.
Teaching how to cook healthy meals for the community to promote good health as well as the organisation of food banks which will assist some of the needy communities in the city as well as the country.
Grantmaking
The Trustees consider applications received for grant and approve on the merits and objectives for which such grants may be used for.
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LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
OBJECTIVES AND ACTIVITIES
Volunteers
The value of services provided by volunteers is not incorporated in these financial statements. However, payments are made to cover the volunteers' actual expenses which are included in the financial statements.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Providing food banks and education in respect of healthy diets. Organising food based events in order to raise funds for the charity which is used to help those in need of nutritional education and adequate food provision.
Delivering healthy cooked food around the city using a vehicle as a portable kitchen. The vehicle is also used to collect and distribute food for the food bank element of the organisation.
Teaching how to cook healthy meals for the community to promote good health as well as the organisation of food banks which will assist some of the needy communities in the city as well as the country.
Fundraising activities
Organising Pop-up Taverna and serving healthy meals to generate donations.
Publishing and selling book relating to the evolution of Greek Cypriot cuisine into British society.
FINANCIAL REVIEW
Principal funding sources
The future of Charity's services is dependent on continued support from statutory sources and income from grants and donations, which are essential for the maintenance and expansion of services to meet the increasing demand.
The Charity provides essential services and develops unique training projects that help to profile/meet the needs of the public and is supported in part by Local Authority, Big Lottery Fund and Heritage Lottery Fund. Although such funding continues, demand for projects, services, and an increase in core costs considerably outweighs the funding provided by these sources, to the extent that the Charity has to continually look for funding from other organisations, charitable and corporate bodies and individual donors.
With the advent of Covid-19 and its effects on the corporate and other organisations funding the charity, the income and grants receivable in future may be adversely impacted.
Reserves policy
The Board of Trustees is responsible for deciding how to invest the Charity's reserves. The appropriate level of reserves is established through an annual review of the Charity's requirements and stated in the financial report. The Treasurer is responsible for proposing to the Board the balance of cash on deposit and investments, and acts on the Board's instructions.
Taking into account the impact on future grants and donations receivable, the trustees may have to limit the charity's activities within the reserves available.
Going concern
The accounts have been prepared on a going concern basis.
The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, donors, suppliers, trustees and volunteers. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.
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LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
FINANCIAL REVIEW
Review of transactions, financial performance and funds
As shown in the Statement of Financial Activities (page 5) total income for the period to 31 October 2021 amounted to £204,146 which includes £13,326 profit in disposal of motor vehicle and £190,910 being total of donations and grants received. Expenditure in the furtherance of charitable activities totalled £146,012.The Charity resulted in a Net resources surplus of £58,134.
FUTURE PLANS
In light of the current economical climate the organisation will review its business plan / operational model to help it ensure sustainability and will make any changes needed. It remains committed to supporting the primary beneficiaries of our activities and services and will aim to continue delivery of a programme of key activities and associated services.
The organisation plans to continue working strategically to help achieve our objectives.
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.
Recruitment and appointment of new trustees
Every person who wishes to be a Member and a trustee as such, shall deliver to the Company an application for membership in such form as the Directors require executed by that person.
At the next meeting of the Directors after the receipt of any application for membership, the application shall be considered by the Directors who shall decide upon the admission or rejection of the applicant.
Organisational structure
The Charity has a Management Committee of up to six members who meet regularly and are responsible for strategic direction and policy of the charity. At present the committee has six members from a variety of backgrounds relevant to the work of the charity. The committee is made up of the trustees.
A scheme of delegation is in place and day to day responsibility for the provision of services rest with the trustees.. The trustees are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.
Induction and training of new trustees
New trustees receive a comprehensive induction package, with information covering the duties of a trustee, a trustee job description and service agreement, an outline of the vision, mission and implementation of the charity's services, the latest Report and Accounts, current year's budget and latest management accounts.
Trustees are encouraged to make use of the training and conference opportunities provided by the NVCO and other bodies.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10418907 (England and Wales)
Registered Charity number
1182273
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LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
Registered office
Nash Dom Community Hub Sun Street Walsall WS1 4AL
Trustees
Mrs L Malla Civil Servant Mr P Polyviou Civil Servant (resigned 27.12.21) Ms J Hazell Civil Servant Mrs F Lytras Trustee Mr Y K Gupta Trustee
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of LGK In The Community 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.
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 14 February 2022 and signed on its behalf by:
Mrs L Malla - Trustee
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LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 14,939 Other income - Total 14,939 EXPENDITURE ON Raising funds - Charitable activities 3 Taverna Pop Up events - Donations 3,484 Queens of Amathus Project - Queen of Commonwealth - Holiday Activity Fund - Other - Total 3,484 NET INCOME 11,455 RECONCILIATION OF FUNDS Total funds brought forward 5,936 TOTAL FUNDS CARRIED FORWARD 17,391 |
Restricted funds £ 175,971 13,236 189,207 - 67,665 - 4,324 22,351 38,681 9,507 142,528 46,679 25,200 71,879 |
2021 Total funds £ 190,910 13,236 204,146 - 67,665 3,484 4,324 22,351 38,681 9,507 146,012 58,134 31,136 89,270 |
2020 Total funds £ 45,291 - |
|---|---|---|---|
| 45,291 168 19,680 - 21,385 - - 1,820 |
|||
| 43,053 | |||
| 2,238 28,898 |
|||
| 31,136 |
The notes form part of these financial statements
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LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank 17,991 CREDITORS Amounts falling due within one year 10 (600) NET CURRENT ASSETS 17,391 TOTAL ASSETS LESS CURRENT LIABILITIES 17,391 NET ASSETS 17,391 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 28,523 43,356 - 43,356 71,879 71,879 |
2021 Total funds £ 28,523 61,347 (600) 60,747 89,270 89,270 17,391 71,879 89,270 |
2020 Total funds £ 3,658 28,078 (600) 27,478 31,136 31,136 5,936 25,200 31,136 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
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(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
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(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 14 February 2022 and were signed on its behalf by:
Mrs L Malla - Trustee
The notes form part of these financial statements
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LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
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.
Going concern
The accounts have been prepared on a going concern basis.
The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, donors, suppliers, trustees and volunteers.. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance 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 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.
continued...
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LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Heritage Lottery Taverna Pop up Queen of Commonwealth Holiday Activity Fund CHARITABLE ACTIVITIES COSTS Direct Costs £ Taverna Pop Up events 61,019 Donations 1,963 Queens of Amathus Project 4,324 Queen of Commonwealth 22,064 Holiday Activity Fund 38,681 128,051 GRANTS PAYABLE Taverna Pop Up events The total grants paid to institutions during the year was as follows: Donations made |
Grant funding of activities (see note 4) £ 4,746 - - - - 4,746 |
2021 £ 26,739 164,171 190,910 2021 £ 25,158 66,878 29,900 42,235 164,171 Support costs £ 1,900 1,521 - 287 - 3,708 2021 £ 4,746 2021 £ 3,746 |
2020 £ 20,435 24,856 |
|---|---|---|---|
| 45,291 | |||
| 2020 £ - 24,856 - - |
|||
| 24,856 | |||
| Totals £ 67,665 3,484 4,324 22,351 38,681 |
|||
| 136,505 | |||
| 2020 £ 932 2020 £ - |
3. CHARITABLE ACTIVITIES COSTS
4. GRANTS PAYABLE
continued...
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LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,507 | 1,220 |
| Surplus on disposal of fixed assets | (13,236) | - |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.
7. STAFF COSTS
The average number of employees for the year is 0 (2020-0).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,464 40,827 EXPENDITURE ON Raising funds - 168 Charitable activities Taverna Pop Up events - 19,680 Queens of Amathus Project - 21,385 Other 600 1,220 Total 600 42,453 NET INCOME/(EXPENDITURE) 3,864 (1,626) RECONCILIATION OF FUNDS Total funds brought forward 2,072 26,826 TOTAL FUNDS CARRIED FORWARD 5,936 25,200 |
Total funds £ 45,291 168 19,680 21,385 1,820 |
|---|---|
| 43,053 | |
| 2,238 28,898 |
|
| 31,136 |
continued...
Page 9
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
9. TANGIBLE FIXED ASSETS
| 9. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Motor | Computer | ||||
| vehicles | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 November 2020 | 10,000 | 1,563 | 11,563 | ||
| Additions | 34,438 | 3,098 | 37,536 | ||
| Disposals | (10,000) | - | (10,000) | ||
| At 31 October 2021 | 34,438 | 4,661 | 39,099 | ||
| DEPRECIATION | |||||
| At 1 November 2020 | 6,836 | 1,069 | 7,905 | ||
| Charge for year | 8,610 | 897 | 9,507 | ||
| Eliminated on disposal | (6,836) | - | (6,836) | ||
| At 31 October 2021 | 8,610 | 1,966 | 10,576 | ||
| NET BOOK VALUE | |||||
| At 31 October 2021 | 25,828 | 2,695 | 28,523 | ||
| At 31 October 2020 | 3,164 | 494 | 3,658 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Accruals and deferred income | 600 | 600 | |||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| At | movement | between | At | ||
| 1.11.20 | in funds | funds | 31.10.21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 5,936 | 11,455 | - | 17,391 | |
| Restricted funds | |||||
| Festive Food Bank | 3,264 | 13,236 | (2,700) | 13,800 | |
| Amathus to Birmingham | 1,211 | (123) | - | 1,088 | |
| Taverna Pop Up | 20,725 | 2,404 | 2,700 | 25,829 | |
| Queens of Amathus | - | 20,834 | - | 20,834 | |
| Queen of Commonwealth | - | 6,774 | - | 6,774 | |
| Holiday Activity Fund | - | 3,554 | - | 3,554 | |
| 25,200 | 46,679 | - | 71,879 | ||
| TOTAL FUNDS | 31,136 | 58,134 | - | 89,270 |
continued...
Page 10
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Incoming resources £ 14,939 13,236 - 78,679 25,158 29,899 42,235 189,207 204,146 |
Resources Movement expended in funds £ £ (3,484) 11,455 - 13,236 (123) (123) (76,275) 2,404 (4,324) 20,834 (23,125) 6,774 (38,681) 3,554 (142,528) 46,679 (146,012) 58,134 |
Resources Movement expended in funds £ £ (3,484) 11,455 - 13,236 (123) (123) (76,275) 2,404 (4,324) 20,834 (23,125) 6,774 (38,681) 3,554 (142,528) 46,679 (146,012) 58,134 |
|---|---|---|---|
| 46,679 | |||
| 58,134 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus TOTAL FUNDS |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.20 £ £ £ £ 2,072 3,864 - 5,936 4,319 (1,055) - 3,264 10,626 (165) (9,250) 1,211 11,881 8,844 - 20,725 - (9,250) 9,250 - 26,826 (1,626) - 25,200 28,898 2,238 - 31,136 |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.20 £ £ £ £ 2,072 3,864 - 5,936 4,319 (1,055) - 3,264 10,626 (165) (9,250) 1,211 11,881 8,844 - 20,725 - (9,250) 9,250 - 26,826 (1,626) - 25,200 28,898 2,238 - 31,136 |
|---|---|---|
| 25,200 | ||
| 31,136 |
continued...
Page 11
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,464 | (600) | 3,864 |
| Restricted funds | |||
| Festive Food Bank | - | (1,055) | (1,055) |
| Amathus to Birmingham | - | (165) | (165) |
| Taverna Pop Up | 30,363 | (21,519) | 8,844 |
| Queens of Amathus | 10,464 | (19,714) | (9,250) |
| 40,827 | (42,453) | (1,626) | |
| TOTAL FUNDS | 45,291 | (43,053) | 2,238 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.21 £ £ £ £ 2,072 15,319 - 17,391 4,319 12,181 (2,700) 13,800 10,626 (288) (9,250) 1,088 11,881 11,248 2,700 25,829 - 11,584 9,250 20,834 - 6,774 - 6,774 - 3,554 - 3,554 26,826 45,053 - 71,879 28,898 60,372 - 89,270 |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.21 £ £ £ £ 2,072 15,319 - 17,391 4,319 12,181 (2,700) 13,800 10,626 (288) (9,250) 1,088 11,881 11,248 2,700 25,829 - 11,584 9,250 20,834 - 6,774 - 6,774 - 3,554 - 3,554 26,826 45,053 - 71,879 28,898 60,372 - 89,270 |
|---|---|---|
| 71,879 | ||
| 89,270 |
continued...
Page 12
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
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 Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Incoming resources £ 19,403 13,236 - 109,042 35,622 29,899 42,235 230,034 249,437 |
Resources Movement expended in funds £ £ (4,084) 15,319 (1,055) 12,181 (288) (288) (97,794) 11,248 (24,038) 11,584 (23,125) 6,774 (38,681) 3,554 (184,981) 45,053 (189,065) 60,372 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2021.
Page 13
LGK IN THE COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Other trading activities Licences and flyers Charitable activities Equipment Project management costs Volunteer expenses Motor and travelling expenses Administration fees Publication costs Food and material costs Grants to institutions Grants to individuals Other Motor vehicles Computer equipment Support costs Management Website and IT expenses Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 26,739 164,171 190,910 13,236 204,146 - - 60,663 2,496 3,004 206 20,225 41,457 3,746 1,000 132,797 8,610 897 9,507 3,708 - 146,012 58,134 |
2020 £ 20,435 24,856 |
|---|---|---|
| 45,291 - |
||
| 45,291 168 1,803 7,589 7 1,671 - 10,315 18,343 - 932 |
||
| 40,660 1,055 165 |
||
| 1,220 405 600 |
||
| 43,053 | ||
| 2,238 |
This page does not form part of the statutory financial statements
Page 14
REGISTERED COMPANY NUMBER: 10418907 (England and Wales) REGISTERED CHARITY NUMBER: 1182273
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2021
FOR
LGK IN THE COMMUNITY (A COMPANY LIMITED BY GUARANTEE)
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
LGK IN THE COMMUNITY
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Statement of Financial Activities | 5 | ||
| Statement of Financial Position | 6 | ||
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 |
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
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 31 October 2021. 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 Vision
To bring communities closer together by developing a shared understanding of the role different groups and individuals have had in shaping today's society.
Mission
To promote cohesion between and within communities, at a neighbourhood level and globally, by highlighting the historic contributions made by a variety of communities
To work with young people and the community at large to address wellbeing, health inequalities, food poverty and social cohesion
To use the 'arts', culture, 'sport' and other tools to engage with people.
Aim
To explore, record, preserve and share the individual and collective heritage of groups and individuals. To develop initiatives to improve people's wellbeing.
Objectives
The prevention and relief of poverty for the public benefit in Birmingham by providing donations of food for local food banks.
The advancement of education for the public benefit in Birmingham by providing workshops relating to healthy eating and nutrition, cooking on a budget and health and safety procedures in the handling and preparation of food.
For the public benefit to promote the relief of elderly people resident in Birmingham by providing a befriending service and group opportunities for social contact and interaction designed to relieve social isolation and lowliness.
Significant activities
To advance the education for the public benefit in all aspects of the culture, arts, wellbeing, heritage and social history, including those that are disadvantaged from different racial groups in the West Midlands and globally. In so doing promoting the cohesion between and within such groups.
Delivering healthy cooked food around the city using a vehicle as a portable kitchen. The vehicle is also used to collect and distribute food for the food bank element of the organisation.The vehicle is to be owned by the charity, LGK. All the funding and donations received will be applied for the charitable purposes only. Food may be prepared in the kitchen facility provided free of charge by the charity's supporters at their residences or other venues where an event is organised.
Teaching how to cook healthy meals for the community to promote good health as well as the organisation of food banks which will assist some of the needy communities in the city as well as the country.
Grantmaking
The Trustees consider applications received for grant and approve on the merits and objectives for which such grants may be used for.
Page 1
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
OBJECTIVES AND ACTIVITIES
Volunteers
The value of services provided by volunteers is not incorporated in these financial statements. However, payments are made to cover the volunteers' actual expenses which are included in the financial statements.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Providing food banks and education in respect of healthy diets. Organising food based events in order to raise funds for the charity which is used to help those in need of nutritional education and adequate food provision.
Delivering healthy cooked food around the city using a vehicle as a portable kitchen. The vehicle is also used to collect and distribute food for the food bank element of the organisation.
Teaching how to cook healthy meals for the community to promote good health as well as the organisation of food banks which will assist some of the needy communities in the city as well as the country.
Fundraising activities
Organising Pop-up Taverna and serving healthy meals to generate donations.
Publishing and selling book relating to the evolution of Greek Cypriot cuisine into British society.
FINANCIAL REVIEW
Principal funding sources
The future of Charity's services is dependent on continued support from statutory sources and income from grants and donations, which are essential for the maintenance and expansion of services to meet the increasing demand.
The Charity provides essential services and develops unique training projects that help to profile/meet the needs of the public and is supported in part by Local Authority, Big Lottery Fund and Heritage Lottery Fund. Although such funding continues, demand for projects, services, and an increase in core costs considerably outweighs the funding provided by these sources, to the extent that the Charity has to continually look for funding from other organisations, charitable and corporate bodies and individual donors.
With the advent of Covid-19 and its effects on the corporate and other organisations funding the charity, the income and grants receivable in future may be adversely impacted.
Reserves policy
The Board of Trustees is responsible for deciding how to invest the Charity's reserves. The appropriate level of reserves is established through an annual review of the Charity's requirements and stated in the financial report. The Treasurer is responsible for proposing to the Board the balance of cash on deposit and investments, and acts on the Board's instructions.
Taking into account the impact on future grants and donations receivable, the trustees may have to limit the charity's activities within the reserves available.
Going concern
The accounts have been prepared on a going concern basis.
The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, donors, suppliers, trustees and volunteers. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.
Page 2
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
FINANCIAL REVIEW
Review of transactions, financial performance and funds
As shown in the Statement of Financial Activities (page 5) total income for the period to 31 October 2021 amounted to £204,146 which includes £13,326 profit in disposal of motor vehicle and £190,910 being total of donations and grants received. Expenditure in the furtherance of charitable activities totalled £146,012.The Charity resulted in a Net resources surplus of £58,134.
FUTURE PLANS
In light of the current economical climate the organisation will review its business plan / operational model to help it ensure sustainability and will make any changes needed. It remains committed to supporting the primary beneficiaries of our activities and services and will aim to continue delivery of a programme of key activities and associated services.
The organisation plans to continue working strategically to help achieve our objectives.
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.
Recruitment and appointment of new trustees
Every person who wishes to be a Member and a trustee as such, shall deliver to the Company an application for membership in such form as the Directors require executed by that person.
At the next meeting of the Directors after the receipt of any application for membership, the application shall be considered by the Directors who shall decide upon the admission or rejection of the applicant.
Organisational structure
The Charity has a Management Committee of up to six members who meet regularly and are responsible for strategic direction and policy of the charity. At present the committee has six members from a variety of backgrounds relevant to the work of the charity. The committee is made up of the trustees.
A scheme of delegation is in place and day to day responsibility for the provision of services rest with the trustees.. The trustees are responsible for ensuring that the charity delivers the services specified and that key performance indicators are met.
Induction and training of new trustees
New trustees receive a comprehensive induction package, with information covering the duties of a trustee, a trustee job description and service agreement, an outline of the vision, mission and implementation of the charity's services, the latest Report and Accounts, current year's budget and latest management accounts.
Trustees are encouraged to make use of the training and conference opportunities provided by the NVCO and other bodies.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
10418907 (England and Wales)
Registered Charity number
1182273
Page 3
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2021
Registered office
Nash Dom Community Hub Sun Street Walsall WS1 4AL
Trustees
Mrs L Malla Civil Servant Mr P Polyviou Civil Servant (resigned 27.12.21) Ms J Hazell Civil Servant Mrs F Lytras Trustee Mr Y K Gupta Trustee
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of LGK In The Community 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.
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 14 February 2022 and signed on its behalf by:
Mrs L Malla - Trustee
Page 4
LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 14,939 Other income - Total 14,939 EXPENDITURE ON Raising funds - Charitable activities 3 Taverna Pop Up events - Donations 3,484 Queens of Amathus Project - Queen of Commonwealth - Holiday Activity Fund - Other - Total 3,484 NET INCOME 11,455 RECONCILIATION OF FUNDS Total funds brought forward 5,936 TOTAL FUNDS CARRIED FORWARD 17,391 |
Restricted funds £ 175,971 13,236 189,207 - 67,665 - 4,324 22,351 38,681 9,507 142,528 46,679 25,200 71,879 |
2021 Total funds £ 190,910 13,236 204,146 - 67,665 3,484 4,324 22,351 38,681 9,507 146,012 58,134 31,136 89,270 |
2020 Total funds £ 45,291 - |
|---|---|---|---|
| 45,291 168 19,680 - 21,385 - - 1,820 |
|||
| 43,053 | |||
| 2,238 28,898 |
|||
| 31,136 |
The notes form part of these financial statements
Page 5
LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2021
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank 17,991 CREDITORS Amounts falling due within one year 10 (600) NET CURRENT ASSETS 17,391 TOTAL ASSETS LESS CURRENT LIABILITIES 17,391 NET ASSETS 17,391 FUNDS 11 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 28,523 43,356 - 43,356 71,879 71,879 |
2021 Total funds £ 28,523 61,347 (600) 60,747 89,270 89,270 17,391 71,879 89,270 |
2020 Total funds £ 3,658 28,078 (600) 27,478 31,136 31,136 5,936 25,200 31,136 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2021 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 14 February 2022 and were signed on its behalf by:
Mrs L Malla - Trustee
The notes form part of these financial statements
Page 6
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2021
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.
Going concern
The accounts have been prepared on a going concern basis.
The trustees are aware however of material uncertainties that cast doubt on the charity's ability to continue as a going concern. As with most organisations, these material uncertainties are in relation to the ongoing Covid-19 virus outbreak which has had an impact on the operations, donors, suppliers, trustees and volunteers.. The trustees have (where appropriate) utilised the grants and benefits available from the organisations and government and are taking all the steps they can to protect the future of the charity.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance 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 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.
continued...
Page 7
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Heritage Lottery Taverna Pop up Queen of Commonwealth Holiday Activity Fund CHARITABLE ACTIVITIES COSTS Direct Costs £ Taverna Pop Up events 61,019 Donations 1,963 Queens of Amathus Project 4,324 Queen of Commonwealth 22,064 Holiday Activity Fund 38,681 128,051 GRANTS PAYABLE Taverna Pop Up events The total grants paid to institutions during the year was as follows: Donations made |
Grant funding of activities (see note 4) £ 4,746 - - - - 4,746 |
2021 £ 26,739 164,171 190,910 2021 £ 25,158 66,878 29,900 42,235 164,171 Support costs £ 1,900 1,521 - 287 - 3,708 2021 £ 4,746 2021 £ 3,746 |
2020 £ 20,435 24,856 |
|---|---|---|---|
| 45,291 | |||
| 2020 £ - 24,856 - - |
|||
| 24,856 | |||
| Totals £ 67,665 3,484 4,324 22,351 38,681 |
|||
| 136,505 | |||
| 2020 £ 932 2020 £ - |
3. CHARITABLE ACTIVITIES COSTS
4. GRANTS PAYABLE
continued...
Page 8
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
5. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Depreciation - owned assets | 9,507 | 1,220 |
| Surplus on disposal of fixed assets | (13,236) | - |
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2021 nor for the year ended 31 October 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2021 nor for the year ended 31 October 2020.
7. STAFF COSTS
The average number of employees for the year is 0 (2020-0).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted Restricted fund funds £ £ INCOME AND ENDOWMENTS FROM Donations and legacies 4,464 40,827 EXPENDITURE ON Raising funds - 168 Charitable activities Taverna Pop Up events - 19,680 Queens of Amathus Project - 21,385 Other 600 1,220 Total 600 42,453 NET INCOME/(EXPENDITURE) 3,864 (1,626) RECONCILIATION OF FUNDS Total funds brought forward 2,072 26,826 TOTAL FUNDS CARRIED FORWARD 5,936 25,200 |
Total funds £ 45,291 168 19,680 21,385 1,820 |
|---|---|
| 43,053 | |
| 2,238 28,898 |
|
| 31,136 |
continued...
Page 9
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
9. TANGIBLE FIXED ASSETS
| 9. | TANGIBLE FIXED ASSETS | ||||
|---|---|---|---|---|---|
| Motor | Computer | ||||
| vehicles | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1 November 2020 | 10,000 | 1,563 | 11,563 | ||
| Additions | 34,438 | 3,098 | 37,536 | ||
| Disposals | (10,000) | - | (10,000) | ||
| At 31 October 2021 | 34,438 | 4,661 | 39,099 | ||
| DEPRECIATION | |||||
| At 1 November 2020 | 6,836 | 1,069 | 7,905 | ||
| Charge for year | 8,610 | 897 | 9,507 | ||
| Eliminated on disposal | (6,836) | - | (6,836) | ||
| At 31 October 2021 | 8,610 | 1,966 | 10,576 | ||
| NET BOOK VALUE | |||||
| At 31 October 2021 | 25,828 | 2,695 | 28,523 | ||
| At 31 October 2020 | 3,164 | 494 | 3,658 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Accruals and deferred income | 600 | 600 | |||
| 11. | MOVEMENT IN FUNDS | ||||
| Net | Transfers | ||||
| At | movement | between | At | ||
| 1.11.20 | in funds | funds | 31.10.21 | ||
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 5,936 | 11,455 | - | 17,391 | |
| Restricted funds | |||||
| Festive Food Bank | 3,264 | 13,236 | (2,700) | 13,800 | |
| Amathus to Birmingham | 1,211 | (123) | - | 1,088 | |
| Taverna Pop Up | 20,725 | 2,404 | 2,700 | 25,829 | |
| Queens of Amathus | - | 20,834 | - | 20,834 | |
| Queen of Commonwealth | - | 6,774 | - | 6,774 | |
| Holiday Activity Fund | - | 3,554 | - | 3,554 | |
| 25,200 | 46,679 | - | 71,879 | ||
| TOTAL FUNDS | 31,136 | 58,134 | - | 89,270 |
continued...
Page 10
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Incoming resources £ 14,939 13,236 - 78,679 25,158 29,899 42,235 189,207 204,146 |
Resources Movement expended in funds £ £ (3,484) 11,455 - 13,236 (123) (123) (76,275) 2,404 (4,324) 20,834 (23,125) 6,774 (38,681) 3,554 (142,528) 46,679 (146,012) 58,134 |
Resources Movement expended in funds £ £ (3,484) 11,455 - 13,236 (123) (123) (76,275) 2,404 (4,324) 20,834 (23,125) 6,774 (38,681) 3,554 (142,528) 46,679 (146,012) 58,134 |
|---|---|---|---|
| 46,679 | |||
| 58,134 |
Comparatives for movement in funds
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus TOTAL FUNDS |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.20 £ £ £ £ 2,072 3,864 - 5,936 4,319 (1,055) - 3,264 10,626 (165) (9,250) 1,211 11,881 8,844 - 20,725 - (9,250) 9,250 - 26,826 (1,626) - 25,200 28,898 2,238 - 31,136 |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.20 £ £ £ £ 2,072 3,864 - 5,936 4,319 (1,055) - 3,264 10,626 (165) (9,250) 1,211 11,881 8,844 - 20,725 - (9,250) 9,250 - 26,826 (1,626) - 25,200 28,898 2,238 - 31,136 |
|---|---|---|
| 25,200 | ||
| 31,136 |
continued...
Page 11
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 4,464 | (600) | 3,864 |
| Restricted funds | |||
| Festive Food Bank | - | (1,055) | (1,055) |
| Amathus to Birmingham | - | (165) | (165) |
| Taverna Pop Up | 30,363 | (21,519) | 8,844 |
| Queens of Amathus | 10,464 | (19,714) | (9,250) |
| 40,827 | (42,453) | (1,626) | |
| TOTAL FUNDS | 45,291 | (43,053) | 2,238 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.21 £ £ £ £ 2,072 15,319 - 17,391 4,319 12,181 (2,700) 13,800 10,626 (288) (9,250) 1,088 11,881 11,248 2,700 25,829 - 11,584 9,250 20,834 - 6,774 - 6,774 - 3,554 - 3,554 26,826 45,053 - 71,879 28,898 60,372 - 89,270 |
Net Transfers At movement between At 1.11.19 in funds funds 31.10.21 £ £ £ £ 2,072 15,319 - 17,391 4,319 12,181 (2,700) 13,800 10,626 (288) (9,250) 1,088 11,881 11,248 2,700 25,829 - 11,584 9,250 20,834 - 6,774 - 6,774 - 3,554 - 3,554 26,826 45,053 - 71,879 28,898 60,372 - 89,270 |
|---|---|---|
| 71,879 | ||
| 89,270 |
continued...
Page 12
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2021
11. MOVEMENT IN FUNDS - continued
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 Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund TOTAL FUNDS |
Incoming resources £ 19,403 13,236 - 109,042 35,622 29,899 42,235 230,034 249,437 |
Resources Movement expended in funds £ £ (4,084) 15,319 (1,055) 12,181 (288) (288) (97,794) 11,248 (24,038) 11,584 (23,125) 6,774 (38,681) 3,554 (184,981) 45,053 (189,065) 60,372 |
|---|---|---|
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2021.
Page 13
LGK IN THE COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other income Gain on sale of tangible fixed assets Total incoming resources EXPENDITURE Other trading activities Licences and flyers Charitable activities Equipment Project management costs Volunteer expenses Motor and travelling expenses Administration fees Publication costs Food and material costs Grants to institutions Grants to individuals Other Motor vehicles Computer equipment Support costs Management Website and IT expenses Governance costs Accountancy and legal fees Total resources expended Net income |
2021 £ 26,739 164,171 190,910 13,236 204,146 - - 60,663 2,496 3,004 206 20,225 41,457 3,746 1,000 132,797 8,610 897 9,507 3,708 - 146,012 58,134 |
2020 £ 20,435 24,856 |
|---|---|---|
| 45,291 - |
||
| 45,291 168 1,803 7,589 7 1,671 - 10,315 18,343 - 932 |
||
| 40,660 1,055 165 |
||
| 1,220 405 600 |
||
| 43,053 | ||
| 2,238 |
This page does not form part of the statutory financial statements
Page 14