SOUTHWARK TRAVELLERS, ACTION GROUP LTD FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 COMPANY REGISTRATION NUMBER 09996890 CHARITh NUMBER 1184614 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL
SOUTHWARK TRAVELLERS, ACTION GROUP LTD (A PRIVATE COMPANY LIMITED BY GUARANTEE) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Page CONTENTS Company Information Report of Directorsrrrustees Independent Examiners Report ststement of Fbnancial Activities Balance Sheet Notes to the Accounts 10-11 Detailed Income and Expenditure 12
SOUTHWARK TRAVELLERS, ACTION GROUP LTD (A PRIVATE COMPANY LIMITED BY GUARANTEEI FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ADMINISTRATIVE I LEGAL INFORMATION REGISTRATION DETAILS.. SOUTHWARK TRAVELLERS, ACTION GROUP LTD is an incorporated organisation registered as a Private Company limited by guarantee in England and Wales Company Number. 09996890. Charity Number.. 1184614 GOVERNING DOCUMENT SOUTHWARK TRAVELLERS, ACTION GROUP is an incorporated organisation governed by the Companies Act 2006 and Memorandum and Articles of Association respectively. COMMIThEE MEMBERS Sally Causer...............Director lan Redding.. .Director Catherine Green............Treasurer REGISTERED OFFICE SOUTHWARK TRAVELLERS, ACTION GROUP Sojourner Truth Centre 161 Sumner Road London SE15 6JL BANKERS Unity Trust Bank Nine Brindley place Birmingham Bl 2HB INDEPENDENT EXAMINERS London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL
SOUTHWARK TRAVELLERS, ACTION GROUP (A PRIVATE COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The directorsltrustees present their report and financial statements for the period ended 31 March 2024. PRINCIPAL ACTIVITIES The objects of the SOUTHWARK TRAVELLERS, ACTION GROUP are specifically restricted to the following.. To provide for members of the Gypsy. Roma and Traveller communities. The prevention or relief of poverty, The advanment of education, The advancement of health, The advancement of community development, The advancement of culture, The promotion of racial harmony and of equality and diversity, The relief of those in need by reason of financial hardship or other disadvantage. STATEMENT OF DIRECTORS AND TRUSTEES RESPONSIBILITIES The directors, who are also the trustees of the Company, are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company at the end of the year and of its financial activities during the year then ended. In preparing those financial statements, the trustees are required to.. select suitable accounting policies and apply them consistently., make judgements and estimates that are reasonable and prudent., • State whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation. The directorsltrustees are responsible for keeping proper accounting records which disclose at any time the financial position of the Company. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Sign................. .Treasurer Catherine Green
SOUTHWARK TRAVELLERS, ACTION GROUP REPORT OF THE DIRECTORSITRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FINANCIAL REVIEW The results of the year's operation are set out in the attached financial statements. The net movement in funds for the year amounted to £14,126. The retained reserves at 31 March 2024 amounted to £83,600. The trustees have been aware of the need to comply with good practice guidelines on free reserves and SOUTHWARK TRAVELLERS, ACTION GROUP policy is included in the notes to the accounts. RISK MANAGEMENT The trustees have examined the major risk which SOUTHWARK TRAVELLERS, ACTION GROUP faces and believe that maintaining our free reserves at a reasonable level, combined with our annual review of the controls over key financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which we face and confirm that they have established systems to mitigate the significant risks. RESERVE POLICY As part of our financial management process, the Board of trustees has set a target of working towards accumulating and maintaining a reSee fund which represents three months annual operating costs. In the financial year 2023124 this would amount to £41,333. These reserves would enable STAG to deal with the following contingencies'.- Reduction in or withdrawal of funding. In the event of closure, three months running costs to wind up the organisation and pay redundancies, leasehold and other liabilities. In addition, we wish to set aside the following amounts.. £5,000.00 in the event of an increase in premises costs. £10,000 00 for unforeseen staffing issues such as the need to provide cover due to sickness, maternity or paternity leave. 5,000.00 fund for essential equipment such as telephone or IT. The total of unrestricted reseNes we therefore feel would be prudent to aim for is £61,333. TANGIBLE FIXED ASSETS The Company keeps a register of fixed assels
SOUTHWARK TRAVELLERS, ACTION GROUP REPORT OF THE DIRECTORSITRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 FUNDS AVAILABLE The present level of funding is adequate to support the continuation of the Company operations for the medium term, and the trustees consider the financial position of the Company to be satisfactory. VOLUNTEERS SOUTHWARK TRAVELLERS, ACTION GROUP recognises the significant contributions made by volunteers.
SOUTHWARK TRAVELLERS, ACTION GROUP (A Private Company Limited By Guarantee) INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 fvIARCH 2024 I report to the trustees on my examination of the accounts of the above charity ("the Trust"} for the year ended 31103 12024. Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Acl 2011 ('Ihe Act"). I report in respect of my examination of the Trust's accounts carried out under section 145of the2011Actand in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)Ib) of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention {other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect.. the accounting records were not kept in accordance with section130 of the Act. or the accounts did not accord with the accounting records. or the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the charities {Accounts and Reports) Regulations 2008 other than any requirements Ihat the accounts give a 'true and fair, view which is not a matter considered a5 part of an independent examination. I have no concems 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. Date...1.i......fAN.LIfj*. >035 . Ade Adebam , CPFA London Accountancy Practice 161 Sumner Road London SE15 6JL , CGMA, ACMA
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SOUTHWARK TRAVELLERS, ACTION GROUP LTD 8ALANCE SHEET AS AT 31 MARCH 2024 2024 2023 FIXED ASSETS Office Equlpm•nt CURRENT ASSETS Dehtois Cash at ba{ Cash In haTh 7,IrKJ 113.590 88 88.029 88 88.117 120.778 CURRENT LIABILIIIES Delerred Incon Crethlors & ACClS 14,250 15,828 12.875 5.769 30.078 18,644 90,700 69,473 Capital and R•$•rv•s Funds Unrestncted FuThJ Designaled Fund Restricted F] 48.135 13.428 29,137 44,238 25,235 90,700 69.473 BALANCE SHEET {Continued) As at 31 March 2024 The directors who are also trustees consider that for the period ended 31 March 2024., the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities.. The members have not required the company to obtain the audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies, regime. The financial statements on pages 7-9 were approved by the board of directors on .22nd January 2025....................and signed on its behalf by
. Director Sally Causer -Treasurer Catherine Green 10
SOUTHWARK TRAVELLERS. ACTION GROUP LTD (A PRIVATE COMPANY LIMITED BY GUARANTEEI NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (a) Basis of preparation These accounts are the Accounts of SOUTHWARK TRAVELLERS. ACTION GROUP These accounts have been prepared on an accruals basis and include income and expenditure as they are earned or Incurred, rather than as cash are received or paid. (iii) The recommendations of the Statement of Recommended Practice have been followed in the preparation of these accounts (bl Fund Accounting The Company's general fund consists of funds, which the Company may use for its purposes at its discretion. The Company's restricted funds are those where the donor has imposed restrictions on the use of the funds, which are legally binding. (c) Voluntary Income All voluntary income is included upon receipt Grants receivable are credited to income immediately (d) Investment Income Credit is taken for interest when the interest falls due for payment. Administration Expenditure Administration expenditure comprises costs incurred in running the Company. Vvhere applicable, some of these costs have been treated as direct charitable expenditure. {fj Government of Ireland Emigrant Support Programme: The Government of Ireland Emigrant Support Programme approved the grant of £57,000 for the year 151 of July 2023 to 30th June 2024. As this account was prepared for the period ended 31st March 2024, there was therefore a deferred income of £10,750 relating to the Department of Foreign Affairs funding as detailed below
(g) Debtors 2024 Greater London Authority (h) Creditors 2024 2022 Accountancy Fees Other Creditors 1,400 1,300 Deferred Income- ESP SOUTHWARK TrAVELLERS' ACTION GROUP LTD CASH MOVEMENT FOR THE YEAR ENDED 31 MARCH 2024 CASH MOVEMENT FOR 2023-2024 BALANCE CII BALANCE BIF INCOM£ EXPENSES 4.783 55.625 -40,871 Govetmient oflidand ErThgr8nl ProgianNne 19.537 Tnt loi LoThJon 279 12.218 -9.477 3.018 GLA Voier ID 28.400 -28.400 S(xrtrrfaik C(xrnl C(mon Pwpose Grart 24,380 .24.380 Nabonal Lonery C[jnIty Fyfft1 14,724 46.538 -43.251 18.011 4.600 -00 Wates UfiilÉY St Sa¥i¢)Js CIKqrrty 15.000 -13.001 Maths & Spencers, Neigbour 850 -00 (Xhei hccffle 44,238 4.398 .SC 48.136 186,557 .165,530 go.TOO 12
8fJVTTrfwARKTRAVELLalS'ACTKINGRQLL10 DETED¢0 PIIDEXPEkKIIUHE (ThEWÉNEEDJi Fw F Fun Fund Ldv4ty F hpL•TAll IJ 55.e25 41AI 4991 IS.WJ 1S(ts) i&) 2. SQSMCIIWLIJ Fwd Fund Ta Fund yr1D EWtqrLqrthi 18239 61 1340 $974 ÈSttSS J,225 sIBfrTra 17$1 2¢7B 54Q 2143 102J $.7 42F 513 ?T5 Petty(W5h 512 roTALREWURCESEXPEIKIED NETWC¢WtsREJJR¢E 2.731 21 117 13