LGK IN THE COMMUNITY
Annual Report 2023/24
Annual Report
PREPARED BY CEO PANIKOS PANAYIOTOU
HELPUSHELPOTHERS
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WWW.LGK.ORG.UK
About LGK
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 strength to strength with programmes that run throughout the year.
The heart of the LGK annual programme is the pop up traditional Greek village taverna 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 running costs alongside assisting those that need it most from profits made.
The organisations operates from a four pillar strategy which includes:
LOVE FOOD - This includes an all year round food bank, food education schemes and much more. CELEBRATE HERITAGE - We celebrate document and collect stories and journeys that are at the risk of being lost in time.
BE CREATIVE - Is our award winning production LEARN DIGITAL - Is our accredited E-learning platform
info@lgk.org.uk
LGK IN THE COMMUNITY
Annual Report 2023/24
STATEMENT FROM THE CHAIR
Its now my second year as chair of this amazing charity which year on year helps so many people truly in need. I am surrounded by fantastic trustees that put the community first and possess the genuine spirit of giving and are involved for the right reasons.
The next few years just as last year are vital for the future of LGK and we all have to work hard and do our bit in order to make the charity sustainable. In order for the charity to grow, we operate as a business but at the same time those that will benefit from our work, will be the communities and the individuals that need it most. We are trying our best to strengthen our fundraising arm and the commissioned services we offer. This I feel and the board is in agreement steers us away from the tradtional grant dependent charity model in so many orgaisations that exist within the 3rd sector.
I have high hopes for 2025 that we continue to grow in all of the agreed directions of our mission to make everlasting change.
Mrs Orlean S Hazell AKA Joy Hazell
CHAIR PERSON/BOARD OF TRUSTEES
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LGK IN THE COMMUNITY Annual Report 2023/24
STATEMENT FROM THE CEO
The journey must continue into the unknown future which for LGK I feel is bright. We continue to serve those that need our support and do our bit for society. Unfortunately we don't have the power to eliminate poverty but we can try and make a dent in its progress.
As a charity it is important always to build sustainability into the heart of our operation and I am very excited to be leading a fantastic team on this mission. I am now at the start of my first year as the full time CEO of LGK which I founded so many years ago and to date have been a volunteer for over 10 years parallel to my other work responsibilities. It has always been my dream to give all of my time to LGK instead of being shared by so many other programmes and projects which I wasn't as passionate about like LGK. We have big plans for 2025 and pray that we manage to reach the top of the hill we are climbing to make LGK in the community the sucess it deserves to be.
Mr Panikos Panayiotou
CEO LGK IN THE COMMUNITY
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LGK IN THE COMMUNITY Annual Report 2023/24
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2023/24 LGK PORTFOLIO
Although this AGM year like all years so far has had its challenges we have prevailed and managed to ignite key projects and programmes that align with our strategy.
2023/24 PROJECTS
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Queens of Cyprus
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Queens of the city programme Heritage Fund Love for People Campaign
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Spread the Love Campaign Sustainable food systems
ANNUAL PROGRAMME
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On going food bank Taverna fundraiser MayJune 2024
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LGK POP UP EVENTS
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Rainy Day support Clothes, essentials bank
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BIG XMAS FEED
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ABILITY TO SUSTAIN
ACTIVATE
INNOVATION
DIGITAL
LEARNING
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LGK IN THE COMMUNITY
YEAR 2023/4
Queens of Cyprus
LGK PRODUCTIONS
As part of our Be Creative strategy our journey through the queens stories continues. In a feature documentary exploring the Cypriot spirit we interview a series of high profile Cypriots globally to assess who the Cyprus Queens are behind their sucess.
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www.lgk.org.uk
QUEENS OF THE CITY
The Journey of migrant and home brewed women of Walsall, their stories, their food and their heritage
STORIES FOOD ART CULTURE
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QUEENS OF THE CITY
HERITAGE THROUGH
PICTURES FOOD STORIES
RECUIT AND TRAIN X10 COMMUNITY/SCHOOL AMBASSADORS TO DELIVER FOOD
AND HERITAGE JOURNEY WORKSHOPS
IN PERSON AND ONLINE ACCREDITED TRAINING COURSE FOR
AMBASSADORS
COMMUNITY
SCHOOL WORKSHOPS
WORKSHOPS
WORKSHOP CONTENT
WHO ARE THE CITY
FROM THERE TO HERE
QUEENS
HERITAGE JOURNEYS
HERITAGE NUTRITION
HERITAGE SORIES ONLINE HERITAGE
VIDEO ASSETS RESOURCE LIBRARY
QUEENS OF THE CITY LEGACY MURAL
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QUEENS OF THE CITY JOURNEYS
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10 XSELECTED QUEENS WILL BE VIDEO AND AUDIO INTERVIEWED FROM VARIOUS COMMUNITIES
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2X WALSALL CENTURIONS WILL BE VIDEO AND AUDIO INTERVIEWED
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4xWALSALL QUEENS FROM THE WHITE COMMUNITIES WILL BE VIDEO AND AUDIO INTERVIEWED
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QUEENS OF THE CITY IN PICTURES
10 XSELECTED QUEENS WILL BE TRANSFORMED INTO ILLUSTRATIONS AND A CITY WALL MURAL
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2X WALSALL CENTURIONS WILL BE TRANSFORMED INTO
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ILLUSTRATIONS AND A CITY WALL MURAL
4xWALSALL QUEENS FROM THE WHITE COMMUNITIES WILL BE TRANSFORMED INTO ILLUSTRATIONS AND A CITY WALL MURAL
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QUEENS OF THE CITY DISHES
THEIR HERUTAGE CREATED THAT REPRESENT THEIR CULTURE 2X WALSALL CENTURIONS WILL CONTRIBUTE OR HAVE RECIPES FOR DISHES THEIR HERITAGE CREATED THAT REPRESENT THEIR CULTURE 4xWALSALL QUEENS FROM THE WHITE COMMUNITIES WILL CONTRIBUTE OR HAVE RECIPES FOR DISHES THEIR HERUTAGE CREATED THAT REPRESENT THEIR CULTURE
ALL DISHES WILL FORM PART OF THE HERITAGE FOOD JOURNEY WORKSHOPS IN SCHOOLS AND COMMUNITY ORGANISATIONS
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LGK IN THE COMMUNITY
YEAR 2023/4
True love dosen’t have a happy ending, because true love doesn’t end BOB MARLEY
LOVE FOR PEOPLE CAMPAIGN
Rainy Day fund - support service for families in need of a bit of extra cash to get them through the month or hard times. 15 FAMILIES IN NEED CATERED FOR IN 2023/4
Food Bank programme - emergency food supplies to those in most need. PRESENTATION IVORA BEAN Chef Programme - A blended learning scheme for 1624yr olds. IN DEVELOPMENT PHASE
Apprenticeship scheme - in partnership with Love Joes for 16-24yr olds. IN DEVELOPMENT PHASE
Volunteer Bank - Working with Love Joes employees Global Scheme - Supporting young people across the globe.
Spread the Love Educational programme - Supporting students in need with study fees and expenses.
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www.lgk.org.uk
LGK IN THE COMMUNITY
YEAR 2023/4
LGK GLOBAL CAMPAIGN
Due to our fundraising ability we have now agreed as part of our annual programme to support two worthy international causes. These schemes fall in line with our core values to support the human race in crisis and to aid in education and resources.
MADAGASCAR
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SRI LANKA
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LGK as part of our Love for People Campaign aim to raise an annual sum to support in the humanitarian crisis in Madagascar and the lack of medical personnel and supplies.
Through a Catholic charity institution LGK aim to support in supplying funds for educational resources in Sri Lanka for children in areas of extreme poverty with a thirst to learn.
OVER 200 ESSENTIAL MEDICAL SUPPLIES FOR CHILDREN SUPPLIED THROUGH LGK
OVER 100 BOOKS AND SCHOOL ESSENTIALS SUPPLIED THROUGH LGK
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www.lgk.org.uk
LGK IN THE COMMUNITY
YEAR 2023/4
Spread the Love
Educational Support Scheme
In partnership with our sponsors, we have a unique educational sponsorship programme in which we support a limited no of students annually with expenses associated with their studies. Our three sucessful students for our 2023 program are:
CURRENT STUDENT POOLE
Gregory Craveiro PhD Theology
PREVIOUS STUDENTS
Chyssie Alexiou
MSc Child Psychology
Erikkos Alexiou BSc Cyber Security
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www.lgk.org.uk
Spread the Love
Educational Support Scheme
CURRENT STUDENT POOLE
Gregory Craveiro PhD Theology
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www.lgk.org.uk
SUSTAINABLE FOOD SYSTEMS
From concluding the key findings and analysing the community and key stakeholder intelligence the proposed way forward has been analysed in three tiers:
Tear 1 - A flat pack build supermarket or HQ that can store goods for the other tiers offer a holistic space for food education and be a one stop shop for those in need. The model needs to lean on community being one of the assets of sustainability and work off some of the most successful social supermarket model internationally which is a membership scheme. In paying. fee to join or dedicating you fee in time to the market this forms a sustainable operating model moving forward.
Tear 2 - Create a hot food HUB in Erdington in which families can access breakfast and dinner for a minimal capped price no matter the number in the family unit. This will work from Monday -Friday and on the weekend will be substituted with a recipe offer covering a family unit for the weekend feed, Cooking demos and cooking courses will be offered at the HUB and the supermarket.
Tear 3 - In terms of the Handsworth food HUB there seems to be alot of newly arrived communities in the area in which a wiery and reluctant to sign up for support service outside the school circle. The food bank scheme there is actually managed through school referral and as a trusted space schools have been highted as a prime location for a mobile social supermarket. This will be from produce decanted and culturally sensitive supplied and acquired through the HQ social supermarket.
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LGK IN THE COMMUNITY
YEAR 2023/4
I ' M D R E A M I N G O F A
Hunger free City
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www.lgk.org.uk
LGK IN THE COMMUNITY
YEAR 2023/4
Big Christmas Feed 2023
Over 120 families R E C E I V E D 1 X W E E K S S H O P P I N G
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www.lgk.org.uk
WWW.LGK,ORG.UK
LGK ANNUAL PROGRAMME
£1000 RASIED FOR FINNLEYS SENSORY ROOM
LAKIS GREEK KITCHEN SEASON 11 DONATIONS RAISED OVER £14,000 IN 6 WEEKS
FOOD BANK OPERATION HAOS over 2200 family parcels 2023/24
LGK POP UP EVENTS LAUNCHED 2023/4 4x CALENDAR EVENTS
SUPPORTED 15 FAMILIES IN CRISIS DURING THE 2023/24 PROGRAMME
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www.lgk.org.uk
WWW.LGK,ORG.UK
LAKIS GREEK KITCHEN MAKES INTERNATIONAL AND NATIONAL NEWS
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2023/24 ANNUAL FINANCIAL REPORT
FINANCIAL SUMMARY HIGHLIGHTS
39%
INCOME FROM COMMISIONED SERVICES OR FUNDRAISING
71%
Increase in external grants
53%
INCREASE IN ANNUAL TURNOVER IN COMPARISON TO 2023/24
LGK IN THE COMMUNITY ANUAL REPORT 2022/23
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EXPENDITURE CHART £111,853
LGK ANNUAL REPORT 2022/23
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WWW.LGK,ORG.UK
INCOME CHART £161,531
LGK ANNUAL REPORT 2022/23
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INCOME & EXPENDITURE STATEMENT
Opening balance 01/11/2023: £86,668
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ITEM INCOME EXPENDITURE
ONCOSTS N/A £11,370
QUEENS of
CYPRUS £1930 £21,606
PRODUCTION
SUPERMARKET N/A £21,850
TAVERNA £36,921 £34,875
QUEENS OF £997
£97,579
THE CITY
VOLUNTEERS N/A £3539
SPREAD £10,000 £10,500
THE LOVE
FOOD BANK £3100 £4114
STAFFING N/A £3000
TOTALS £161,531 £111,853
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Closing balance 31/10/2024: £149, 129.98
LGK ANNUAL REPORT 2022/23
PAGE 24`
our 2024/25 onwards
STRATEGY
DETAILS
OUTCOME
PROJECTS
Start mobile pop up market Create a mobile food school
TACKLE FOOD CRISIS AND A BROKEN FOOD SYSTEM
SUPERMARKET
CATER FOR OVER 600 FAMILIES FOR 2024 PROGRAMME
CATER FOR HOLIDAY HUNGER
XMAS BIG FEED
- Broadcast Queens of Cyprus Create educational programme with assets UK/Europe Produce an animation of Queens of the Commonwealth for schools Create a well known brand Create an active events calender outside of the taverna.
To continue the journey of preserving history and protecting stories from being lost in time.
BE CREATIVE
Launch LGK pop events across the UK
LGK EVENTS
Legacy
- Establish a solid model of practice trailed and tested in Walsall MBC Upscale the scheme to other cities in England Upscale the programme accross Europe. Create an Erasmus scheme based on the QoC model.
QUEENS OF THE CITY
programme of Queens series productions
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www.lgk.org.uk
YEAR 2023/4
LGK IN THE COMMUNITY
# H E L P U S H E L P O T H E R S
our 2024/25 onwards
ANNUAL EVENTS PROGRAMME
Outreach Schemes
Clinical support
Sat 15th of February 2025 Kleftiko night Sat 19th of July 2025 Greek BBQ
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www.lgk.org.uk
LGK IN THE COMMUNITY
YEAR 2023/4
'tis the season
F O R G I V I N G
VOLUNTEER OPPORTUNITIES
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PROJECT DESCRIPTION OPPORTUNITY
WORK WITH LGK ON OUR
SOCIAL MEDIA
SOCIAL MEDIA CHANNELS
OFFICER FOR ALL OF
SOCIAL MEDIA INCLUSIVE OF TIK TOK,
THE LGK PORTFOLIO
FACEBOOK, INSTAGRAM AND
X2 POSITIONS
MORE
WORK WITH THE LGK FOOD
STALL STAFF, FOOD
TEAM TO DELIVER QUALITY
LGK EVENTS SERVICE EVENTS
EVENTS IN AND AROUND THE
MANAGEMENT
REGION
WORK WITH THE LGK
FUNDRAISING AND
FOODBANK TEAM TO SECURE
CORPORATE LIIASON
FOOD BANK SPONSORSHIP, FOOD
OFFICER X2
SUPPORT FOR THOSE THAT
POSITIONS
NEED IT MOST
WORK WITH OUR BE
EDITORS AND MEDIA CREATIVE PRODUCTION
BE CREATIVE ASSETS VOLUNTEERS TEAM TO CREATE ONLINE
X2 CONTENT AND MEDIA
ASSETS
HELP FIND QUEENS IN
HERITAGE WALSALL WITH A STORY TO
CELEBRATE HERITAGE
RESEARCHERS X2 TELL THAT IS AT RISK OF
BEING LOST IN TIME
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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 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
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 2024. 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 2024
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.
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.
Review of transactions, financial performance and funds
As shown in the Statement of Financial Activities (page 6) total income for the period to 31 October 2024 amounted to £161,846. Expenditure in the furtherance of charitable activities totalled £103,396. The Charity resulted in a Net resources surplus of £58,450.
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.
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LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
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
Registered office
Nash Dom Community Hub Sun Street Walsall WS1 4AL
Trustees
Mrs L Malla Trustee Mrs O Hazell Trustee Mr Y K Gupta Trustee
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LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
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 22 July 2025 and signed on its behalf by:
Mrs O Hazell - Trustee
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LGK IN THE COMMUNITY
Independent examiner's report to the trustees of LGK In The Community ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Michael Filiou FCCA
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
22 July 2025
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LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 24,231 EXPENDITURE ON Charitable activities 3 Food Bank - Donations 10,895 Publication Cost 7,575 Travelling Expense 5,324 Project Management 25,153 Other 1,371 Total 50,318 NET INCOME/(EXPENDITURE) (26,087) RECONCILIATION OF FUNDS Total funds brought forward 27,066 TOTAL FUNDS CARRIED FORWARD 979 |
Restricted funds £ 137,615 13,190 4,314 - 575 30,488 4,511 53,078 84,537 75,048 159,585 |
2024 Total funds £ 161,846 13,190 15,209 7,575 5,899 55,641 5,882 103,396 58,450 102,114 160,564 |
2023 Total funds £ 86,466 10,743 31,772 9,200 5,809 38,278 7,565 103,367 (16,901) 119,015 102,114 |
|---|---|---|---|
The notes form part of these financial statements
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LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank 1,579 CREDITORS Amounts falling due within one year 10 (600) NET CURRENT ASSETS 979 TOTAL ASSETS LESS CURRENT LIABILITIES 979 NET ASSETS 979 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 12,032 178,755 (31,202) 147,553 159,585 159,585 |
2024 Total funds £ 12,032 180,334 (31,802) 148,532 160,564 160,564 979 159,585 160,564 |
2023 Total funds £ 16,043 96,023 (9,952) 86,071 102,114 102,114 27,066 75,048 102,114 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.
The notes form part of these financial statements
continued...
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LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION - continued 31 OCTOBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 July 2025 and were signed on its behalf by:
Mrs O Hazell - 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 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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 9
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Heritage Lottery Queen of Commonwealth Holiday Activity Fund Queens of Amathus National Lottery SSM |
2024 £ 64,267 97,579 161,846 2024 £ 97,579 - - - - 97,579 |
2023 £ 44,791 41,675 |
|
|---|---|---|---|
| 86,466 | |||
| 2023 £ - 100 6,141 684 34,750 |
|||
| 41,675 |
3.
CHARITABLE ACTIVITIES COSTS
| Food Bank Donations Publication Cost Travelling Expense Project Management |
Grant funding of activities Direct (see note Costs 4) £ £ 13,190 - - 15,209 7,575 - 5,899 - 55,641 - 82,305 15,209 |
Totals £ 13,190 15,209 7,575 5,899 55,641 |
|---|---|---|
| 97,514 |
continued...
Page 10
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
4. GRANTS PAYABLE
| Donations NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 15,209 2024 £ 4,011 |
2023 £ 31,772 |
|---|---|---|
| 2023 £ 5,349 |
5. NET INCOME/(EXPENDITURE)
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
7. STAFF COSTS
The average number of employees for the year is 0 (2021 - 0).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,500 EXPENDITURE ON Charitable activities Food Bank 433 Donations 8,500 Publication Cost 5,000 Travelling Expense 5,276 Project Management 15,212 Other 1,366 Total 35,787 NET INCOME/(EXPENDITURE) (19,287) |
Restricted funds £ 69,966 10,310 23,272 4,200 533 23,066 6,199 67,580 2,386 |
Total funds £ 86,466 10,743 31,772 9,200 5,809 38,278 7,565 103,367 (16,901) |
|---|---|---|
continued...
Page 11
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 46,355 72,660 TOTAL FUNDS CARRIED FORWARD 27,068 75,046 9. TANGIBLE FIXED ASSETS Motor Computer vehicles equipment £ £ COST At 1 November 2023 and 31 October 2024 34,438 4,661 DEPRECIATION At 1 November 2023 19,910 3,146 Charge for year 3,632 379 At 31 October 2024 23,542 3,525 NET BOOK VALUE At 31 October 2024 10,896 1,136 At 31 October 2023 14,528 1,515 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts (see note 11) 31,202 Accruals and deferred income 600 31,802 |
Total funds £ 119,015 102,114 Totals £ 39,099 23,056 4,011 27,067 12,032 16,043 2023 £ 9,352 600 9,952 |
|---|---|
continued...
Page 12
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
11. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund Celebrating Community Fund National Lottery SSM Queen of City TOTAL FUNDS |
At 1.11.23 £ 27,066 10,168 926 24,202 21,588 367 21,242 4,967 (8,412) - 75,048 102,114 |
2024 £ 31,202 Net movement in funds £ (26,087) (214) (52) 10,398 - (327) - - (21,850) 96,582 84,537 58,450 |
2023 £ 9,352 At 31.10.24 £ 979 9,954 874 34,600 21,588 40 21,242 4,967 (30,262) 96,582 159,585 160,564 |
|---|---|---|---|
continued...
Page 13
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. 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 Queen of Commonwealth National Lottery SSM Queen of City TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund Celebrating Community Fund National Lottery SSM TOTAL FUNDS |
Incoming resources £ 24,231 3,900 - 36,136 - - 97,579 137,615 161,846 At 1.11.22 £ 46,355 6,690 995 19,372 20,105 1,743 18,788 4,967 - 72,660 119,015 |
Resources Movement expended in funds £ £ (50,318) (26,087) (4,114) (214) (52) (52) (25,738) 10,398 (327) (327) (21,850) (21,850) (997) 96,582 (53,078) 84,537 (103,396) 58,450 Net movement At in funds 31.10.23 £ £ (19,289) 27,066 3,478 10,168 (69) 926 4,830 24,202 1,483 21,588 (1,376) 367 2,454 21,242 - 4,967 (8,412) (8,412) 2,388 75,048 (16,901) 102,114 |
|---|---|---|
continued...
Page 14
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. MOVEMENT IN FUNDS - continued
Comparative 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 National Lottery SSM TOTAL FUNDS |
Incoming resources £ 16,500 4,799 1 23,492 684 100 6,141 34,749 69,966 86,466 |
Resources Movement expended in funds £ £ (35,789) (19,289) (1,321) 3,478 (70) (69) (18,662) 4,830 799 1,483 (1,476) (1,376) (3,687) 2,454 (43,161) (8,412) (67,578) 2,388 (103,367) (16,901) |
|---|---|---|
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 Celebrating Community Fund National Lottery SSM Queen of City TOTAL FUNDS |
At 1.11.22 £ 46,355 6,690 995 19,372 20,105 1,743 18,788 4,967 - - 72,660 119,015 |
Net movement in funds £ (45,376) 3,264 (121) 15,228 1,483 (1,703) 2,454 - (30,262) 96,582 86,925 41,549 |
At 31.10.24 £ 979 9,954 874 34,600 21,588 40 21,242 4,967 (30,262) 96,582 159,585 160,564 |
|---|---|---|---|
Page 15
continued...
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. 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 National Lottery SSM Queen of City TOTAL FUNDS |
Incoming resources £ 40,731 8,699 1 59,628 684 100 6,141 34,749 97,579 207,581 248,312 |
Resources Movement expended in funds £ £ (86,107) (45,376) (5,435) 3,264 (122) (121) (44,400) 15,228 799 1,483 (1,803) (1,703) (3,687) 2,454 (65,011) (30,262) (997) 96,582 (120,656) 86,925 (206,763) 41,549 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024.
Page 16
LGK IN THE COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Total incoming resources EXPENDITURE Charitable activities Rates and water Project management costs Volunteer expenses Motor and travelling expenses Publication costs Food and material costs Telephone expense Legal and Professional Grants to institutions Grants to individuals Other Motor vehicles Computer equipment Support costs Management Website and IT expenses Total resources expended Net income/(expenditure) |
2024 £ 64,267 97,579 161,846 161,846 168 47,709 4,676 5,899 7,575 13,190 28 3,060 3,814 11,395 97,514 3,632 379 4,011 1,871 103,396 58,450 |
2023 £ 44,791 41,675 86,466 86,466 105 36,804 1,300 5,809 9,200 10,743 43 26 28,272 3,500 95,802 4,843 506 5,349 2,216 103,367 (16,901) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 17
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 2024
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 2024
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | to | 8 |
| Notes to the Financial Statements | 9 | to | 16 |
| Detailed Statement of Financial Activities | 17 |
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
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 2024. 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 2024
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.
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.
Review of transactions, financial performance and funds
As shown in the Statement of Financial Activities (page 6) total income for the period to 31 October 2024 amounted to £161,846. Expenditure in the furtherance of charitable activities totalled £103,396. The Charity resulted in a Net resources surplus of £58,450.
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.
Page 2
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
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
Registered office
Nash Dom Community Hub Sun Street Walsall WS1 4AL
Trustees
Mrs L Malla Trustee Mrs O Hazell Trustee Mr Y K Gupta Trustee
Page 3
LGK IN THE COMMUNITY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 OCTOBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Independent Examiner
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
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 22 July 2025 and signed on its behalf by:
Mrs O Hazell - Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LGK IN THE COMMUNITY
Independent examiner's report to the trustees of LGK In The Community ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 October 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Michael Filiou FCCA
Michael Filiou Ltd Chartered Certified Accountants www.michaelfiliou.com Salisbury House 81 High Street Potters Bar Hertfordshire EN6 5AS
22 July 2025
Page 5
LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 2 24,231 EXPENDITURE ON Charitable activities 3 Food Bank - Donations 10,895 Publication Cost 7,575 Travelling Expense 5,324 Project Management 25,153 Other 1,371 Total 50,318 NET INCOME/(EXPENDITURE) (26,087) RECONCILIATION OF FUNDS Total funds brought forward 27,066 TOTAL FUNDS CARRIED FORWARD 979 |
Restricted funds £ 137,615 13,190 4,314 - 575 30,488 4,511 53,078 84,537 75,048 159,585 |
2024 Total funds £ 161,846 13,190 15,209 7,575 5,899 55,641 5,882 103,396 58,450 102,114 160,564 |
2023 Total funds £ 86,466 10,743 31,772 9,200 5,809 38,278 7,565 103,367 (16,901) 119,015 102,114 |
|---|---|---|---|
The notes form part of these financial statements
Page 6
LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION 31 OCTOBER 2024
| Unrestricted fund Notes £ FIXED ASSETS Tangible assets 9 - CURRENT ASSETS Cash at bank 1,579 CREDITORS Amounts falling due within one year 10 (600) NET CURRENT ASSETS 979 TOTAL ASSETS LESS CURRENT LIABILITIES 979 NET ASSETS 979 FUNDS 12 Unrestricted funds Restricted funds TOTAL FUNDS |
Restricted funds £ 12,032 178,755 (31,202) 147,553 159,585 159,585 |
2024 Total funds £ 12,032 180,334 (31,802) 148,532 160,564 160,564 979 159,585 160,564 |
2023 Total funds £ 16,043 96,023 (9,952) 86,071 102,114 102,114 27,066 75,048 102,114 |
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 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.
The notes form part of these financial statements
continued...
Page 7
LGK IN THE COMMUNITY
STATEMENT OF FINANCIAL POSITION - continued 31 OCTOBER 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 22 July 2025 and were signed on its behalf by:
Mrs O Hazell - Trustee
The notes form part of these financial statements
Page 8
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
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 9
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
2. DONATIONS AND LEGACIES
| Donations Grants Grants received, included in the above, are as follows: Heritage Lottery Queen of Commonwealth Holiday Activity Fund Queens of Amathus National Lottery SSM |
2024 £ 64,267 97,579 161,846 2024 £ 97,579 - - - - 97,579 |
2023 £ 44,791 41,675 |
|
|---|---|---|---|
| 86,466 | |||
| 2023 £ - 100 6,141 684 34,750 |
|||
| 41,675 |
3.
CHARITABLE ACTIVITIES COSTS
| Food Bank Donations Publication Cost Travelling Expense Project Management |
Grant funding of activities Direct (see note Costs 4) £ £ 13,190 - - 15,209 7,575 - 5,899 - 55,641 - 82,305 15,209 |
Totals £ 13,190 15,209 7,575 5,899 55,641 |
|---|---|---|
| 97,514 |
continued...
Page 10
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
4. GRANTS PAYABLE
| Donations NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets |
2024 £ 15,209 2024 £ 4,011 |
2023 £ 31,772 |
|---|---|---|
| 2023 £ 5,349 |
5. NET INCOME/(EXPENDITURE)
6. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 October 2024 nor for the year ended 31 October 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 October 2024 nor for the year ended 31 October 2023.
7. STAFF COSTS
The average number of employees for the year is 0 (2021 - 0).
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 16,500 EXPENDITURE ON Charitable activities Food Bank 433 Donations 8,500 Publication Cost 5,000 Travelling Expense 5,276 Project Management 15,212 Other 1,366 Total 35,787 NET INCOME/(EXPENDITURE) (19,287) |
Restricted funds £ 69,966 10,310 23,272 4,200 533 23,066 6,199 67,580 2,386 |
Total funds £ 86,466 10,743 31,772 9,200 5,809 38,278 7,565 103,367 (16,901) |
|---|---|---|
continued...
Page 11
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
| 8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund funds £ £ RECONCILIATION OF FUNDS Total funds brought forward 46,355 72,660 TOTAL FUNDS CARRIED FORWARD 27,068 75,046 9. TANGIBLE FIXED ASSETS Motor Computer vehicles equipment £ £ COST At 1 November 2023 and 31 October 2024 34,438 4,661 DEPRECIATION At 1 November 2023 19,910 3,146 Charge for year 3,632 379 At 31 October 2024 23,542 3,525 NET BOOK VALUE At 31 October 2024 10,896 1,136 At 31 October 2023 14,528 1,515 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 £ Bank loans and overdrafts (see note 11) 31,202 Accruals and deferred income 600 31,802 |
Total funds £ 119,015 102,114 Totals £ 39,099 23,056 4,011 27,067 12,032 16,043 2023 £ 9,352 600 9,952 |
|---|---|
continued...
Page 12
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
11. LOANS
An analysis of the maturity of loans is given below:
| Amounts falling due within one year on demand: Bank overdrafts 12. MOVEMENT IN FUNDS Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund Celebrating Community Fund National Lottery SSM Queen of City TOTAL FUNDS |
At 1.11.23 £ 27,066 10,168 926 24,202 21,588 367 21,242 4,967 (8,412) - 75,048 102,114 |
2024 £ 31,202 Net movement in funds £ (26,087) (214) (52) 10,398 - (327) - - (21,850) 96,582 84,537 58,450 |
2023 £ 9,352 At 31.10.24 £ 979 9,954 874 34,600 21,588 40 21,242 4,967 (30,262) 96,582 159,585 160,564 |
|---|---|---|---|
continued...
Page 13
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. 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 Queen of Commonwealth National Lottery SSM Queen of City TOTAL FUNDS Comparatives for movement in funds Unrestricted funds General fund Restricted funds Festive Food Bank Amathus to Birmingham Taverna Pop Up Queens of Amathus Queen of Commonwealth Holiday Activity Fund Celebrating Community Fund National Lottery SSM TOTAL FUNDS |
Incoming resources £ 24,231 3,900 - 36,136 - - 97,579 137,615 161,846 At 1.11.22 £ 46,355 6,690 995 19,372 20,105 1,743 18,788 4,967 - 72,660 119,015 |
Resources Movement expended in funds £ £ (50,318) (26,087) (4,114) (214) (52) (52) (25,738) 10,398 (327) (327) (21,850) (21,850) (997) 96,582 (53,078) 84,537 (103,396) 58,450 Net movement At in funds 31.10.23 £ £ (19,289) 27,066 3,478 10,168 (69) 926 4,830 24,202 1,483 21,588 (1,376) 367 2,454 21,242 - 4,967 (8,412) (8,412) 2,388 75,048 (16,901) 102,114 |
|---|---|---|
continued...
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LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. MOVEMENT IN FUNDS - continued
Comparative 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 National Lottery SSM TOTAL FUNDS |
Incoming resources £ 16,500 4,799 1 23,492 684 100 6,141 34,749 69,966 86,466 |
Resources Movement expended in funds £ £ (35,789) (19,289) (1,321) 3,478 (70) (69) (18,662) 4,830 799 1,483 (1,476) (1,376) (3,687) 2,454 (43,161) (8,412) (67,578) 2,388 (103,367) (16,901) |
|---|---|---|
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 Celebrating Community Fund National Lottery SSM Queen of City TOTAL FUNDS |
At 1.11.22 £ 46,355 6,690 995 19,372 20,105 1,743 18,788 4,967 - - 72,660 119,015 |
Net movement in funds £ (45,376) 3,264 (121) 15,228 1,483 (1,703) 2,454 - (30,262) 96,582 86,925 41,549 |
At 31.10.24 £ 979 9,954 874 34,600 21,588 40 21,242 4,967 (30,262) 96,582 159,585 160,564 |
|---|---|---|---|
Page 15
continued...
LGK IN THE COMMUNITY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 OCTOBER 2024
12. 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 National Lottery SSM Queen of City TOTAL FUNDS |
Incoming resources £ 40,731 8,699 1 59,628 684 100 6,141 34,749 97,579 207,581 248,312 |
Resources Movement expended in funds £ £ (86,107) (45,376) (5,435) 3,264 (122) (121) (44,400) 15,228 799 1,483 (1,803) (1,703) (3,687) 2,454 (65,011) (30,262) (997) 96,582 (120,656) 86,925 (206,763) 41,549 |
|---|---|---|
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 October 2024.
Page 16
LGK IN THE COMMUNITY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 OCTOBER 2024
| INCOME AND ENDOWMENTS Donations and legacies Donations Grants Total incoming resources EXPENDITURE Charitable activities Rates and water Project management costs Volunteer expenses Motor and travelling expenses Publication costs Food and material costs Telephone expense Legal and Professional Grants to institutions Grants to individuals Other Motor vehicles Computer equipment Support costs Management Website and IT expenses Total resources expended Net income/(expenditure) |
2024 £ 64,267 97,579 161,846 161,846 168 47,709 4,676 5,899 7,575 13,190 28 3,060 3,814 11,395 97,514 3,632 379 4,011 1,871 103,396 58,450 |
2023 £ 44,791 41,675 86,466 86,466 105 36,804 1,300 5,809 9,200 10,743 43 26 28,272 3,500 95,802 4,843 506 5,349 2,216 103,367 (16,901) |
|---|---|---|
This page does not form part of the statutory financial statements
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