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2025-04-30-accounts

Charity registration number 1201531 (England and Wales)

Company registration number 12252776

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees S Moore
C Boyle
C George
T Reilly
A Salih
M Allan
Charity number (England and Wales) 1201531
Company number 12252776
Registered office 60-62 Hopton Street
London
United Kingdom
SE1 9JH
Independent examiner Sedulo London Limited
Office 605 Albert House
256 - 260 Old Street
London
United Kingdom
EC1V 9DD

(Appointed 22 August 2024) (Appointed 22 August 2024) (Appointed 22 August 2024) (Appointed 22 August 2024) (Appointed 28 May 2025)

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 20

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 30 APRIL 2025

The trustees present their annual report and financial statements for the year ended 30 April 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

Mission and vision

The London LGBTQ+ Community Centre is an award-winning project launched by a team of volunteers in 2017. In December 2021 we opened our first physical space in London's bankside.

Our mission is to provide London with a sober, intersectional community centre and café where all LGBTQ+ people are welcome, supported, can build connections and can flourish. Our vision is for a more connected, belonging and thriving LGBTQ+ community in London.

We want all LGBTQ+ individuals in London to live happier and healthier lives and have a stronger sense of belonging.

Overall, our Centre contributes to:

i) increasing the number of community-led spaces

ii) decreasing isolation

iii) increasing community cohesion and our sense of safety

iv) increasing LGBTQ+ individuals’ knowledge of the services they can access in London

“You need space that isn't commercialised, that isn't your work, that isn't your home, and where you can have these, like, organic encounters with people, where you might meet the same people over and over again, [...] in that way [you] build community" Anonymous

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Activities

Our Centre is a hub for the entire community. As an inclusive, intersectional and intergenerational space, we welcome everyone regardless of class, race, gender, age, ability or culture.

We do so by:

Activities are free or through donation or pay-it forward systems.

In the financial year 2024-25, we have been able to run a series of activities (new and old) responding to the community’s needs thanks to having received a number of project grants:

Some of these programmes are still on-going.

“My mental health is so much better. I don't feel isolated anymore. I'd been so disconnected from the queer community for so long it felt like I was back in the closet."

Anonymous

“I think the centre has given me space to see, like, what it is like being around other queer people like I don't think I was aware of the importance of it all [...] I think I learnt a lot more about myself from it, and I think I became a lot more empowered [...] it's really started building my confidence in, like, affirming and protecting my identity" Anonymous

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Achievements and performance

With funding from Southwark Council Equalities Grant, we completed our third research project. ‘Wholesome Queer Living Room’ delved into how the Centre is impacting our community’s wellbeing.

The research included:

The research found four overarching and interweaving main themes running across the feedback received. As we will dive into the outcomes on the following section, we have illustrated these themes with quotes from the research:

· Space to be, to meet, to rest

“We desperately need more queer owned led run venues like the Centre - it comes back to the safety and comfort and sort of supporting your own community.”

“I love the Centre, it’s a little bit of everything, so welcoming, perfect for running LGBTQ+ groups, the moment you step in you know it’s an LGBTQ+ space”

· Connection and community

“The Centre is an amazing place that has been extremely important to me since I started coming two years ago. I really value the experience of community and connection in a sober and supportive space”

“It allows me to have a well needed third space to go to for community events and work. I moved to London a few months ago and it has been a crucial part of me feeling at home in this city”

· Inclusion and access

"I think that the ability of people to come into the Centre and not interact is as important as the ability of people to come into the Centre and interact, especially for neurodivergent people”

“Finances a barrier? Not any more! Drinks and tickets are affordable, makes me more able to do things I otherwise wouldn't”

· Wellbeing and health

“The most important change I have experienced as a result of visiting the Centre is more joy!!’”

“It’s a space of solace”

In terms of quantitative data and our mission, we learnt that:

All in all, thanks to this project we have confirmed that the Centre is successfully achieving its mission. There were, of course, things to improve, which we started implementing as the research was being carried out.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Longer term changes requested we are looking into are:

  1. Toilet Refurbishment – already being addressed

  2. Additional training and support for facilitators – we are looking for separate funding

  3. More space – already being addressed

  4. Range of activities such as – already being addressed

  5. More groups and events run by BPOC

  6. Groups for trans masc people

  7. Art therapy

  8. More political/activist events, maybe with guest speakers or panels

  9. Lesbian only events

Financial review

Financial Position

We are closing the financial year 2024-25 with a healthy surplus of £60,754, including a £41,201 surplus from unrestricted funds (before transfers). This has helped us strengthen our reserves and is particularly positive in a year that saw many a change in the organisation: from a big refresh of our board of trustees, to a temporary leadership change during our General Manager’s extended leave.

We saw a considerable variance in donations despite our efforts with regards to individual giving (a dedicated member of staff and a strategy), which reflects the current landscape in the wider sector. This has been taken as learnings for our 2025-26 budget.

Total turnover for the financial year 2024-25 was £355,092, a decrease of £27,395 on the previous year (12 months) from £382,487 primarily driven by the variance in individual giving mentioned above. Of the total turnover, £260,221 was from restricted grants and donations. Total expenditure for the same period was £294,338, an increase of £74,579 on the previous year from £219,759. Of the total expenditure, £240,668 was from restricted grants. The charity ended the year with an overall surplus of £60,754, details of which are shown in the Statement of Financial Activities.

Going concern

The board have reviewed cashflow forecasts for a period of at least 12 months from the date of signing. The forecasts demonstrate that the charity continues to be a going concern and will be able to meet its liabilities when they fall due.

Therefore, the board have a reasonable expectation that the charity has adequate financial resources to continue in operational existence for the foreseeable future. Accordingly, our accounts have been prepared on the basis that the charity is a going concern, as set out in the accounting policies note 1.

Reserves policy

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure calculated based on the current annual budget. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The Trustees review the amount of reserves that are required to ensure that they are adequate to fulfil the charity's continuing obligations on a quarterly basis at their finance meeting.

At the year end, the unrestricted reserves were £192,826 of which £50,000 has been designated, leaving free reserves of £142,826.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Plans for future periods

We finish 2025 with a lot of changes on the horizon:

Structure, governance and management

Our Memorandum and Articles of Association are our main governing document. The organisation was set up as a Company Limited by Guarantee in October 2019 and in January 2023 gained Charity status with the Charities Commission.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

S Moore C Boyle (Appointed 22 August 2024) C George (Appointed 22 August 2024) T Reilly (Appointed 22 August 2024) A Salih (Appointed 22 August 2024) M Allan (Appointed 28 May 2025) J Thomas (Resigned 1 July 2025) C Davies (Resigned 28 May 2025) D Jas (Resigned 28 May 2025) A J Waite (Resigned 4 September 2024) K Lyons (Resigned 4 September 2024) R D'Silva (Resigned 4 September 2024)

Recruitment and appointment of trustees

Every year, a Trustees Skills Audit is carried out to assess the skills and knowledge the Board brings in and consider if additional members are needed to meet the organisation's needs at the moment.

Recruitment is carried out by a Board Subcommittee including the General Manager. Interviews are carried out and the successful candidates join a Board meeting as observers before the appointment is made official.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

Organisational structure

Our Board comprises of 8 trustees during the year including a Chair and a Treasurer. Every year, a Trustees Skills Audit is carried out to assess the skills and knowledge the Board brings in and consider if additional members are needed to meet the organisations’ needs at the moment.

In the financial year 2024-25 five additional Trustees were recruited, as three (including the Chair) stepped down in September 2024.

We have 9 members of staff comprising of General Manager, Centre Manager, Communications & Marketing Manager, Communications & Marketing Assistant (recruited in August 2024), Finance Lead, Events & Outreach Lead, Centre Assistant, Research Lead (contract ended in March 2025) and Fundraising Lead. The team is managed by the General Manager who is supported by the Chair of the Board. Our team also includes an external HR consultant hired on a retainer basis and a Mental Health support worker, available mainly for the front of house roles, i.e., Centre Manager and Centre Assistant.

The trustees' report was approved by the Board of Trustees.

.............................. T Reilly Trustee

Date: .............................................27 January 2026

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

I report to the trustees on my examination of the financial statements of London LGBTQ+ Community Centre Limited (the charity) for the year ended 30 April 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000, the independent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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 that in any material respect:

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 financial statements to be reached.

Emma Houghton, FCCA

Sedulo London Limited

Office 605 Albert House 256 - 260 Old Street London EC1V 9DD United Kingdom Date: ............................20 February 2026

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 30 APRIL 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
2
56,024
28,000
Community Centre
3
37,329
232,221
Investments
4
1,518
-
Total income
94,871
260,221
Expenditure on:
Raising funds
5
1,027
-
Community Centre
6
52,643
240,668
Total expenditure
53,670
240,668
Net income
41,201
19,553
Transfers between funds
12,247
(12,247)
Net movement in funds
53,448
7,306
Reconciliation of funds:
Fund balances at 1 May 2024
139,378
129,123
Fund balances at 30 April 2025
192,826
136,429		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
84,024
74,403
-
269,550
44,300
263,784
1,518
-
-
355,092
118,703
263,784
1,027
1,659
-
293,311
46,177
171,923
294,338
47,836
171,923
60,754
70,867
91,861
-
-
-
60,754
70,867
91,861
268,501
68,511
37,262
329,255
139,378
129,123		 Total
2024
£
74,403
308,084
-
382,487
1,659
218,100
219,759
162,728
-
162,728
105,773
268,501

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 10 to 20 form part of these financial statements.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

BALANCE SHEET

AS AT 30 APRIL 2025

Notes
Fixed assets
Intangible assets
11
Tangible assets
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one year
14
Net current assets
Total assets less current liabilities
The funds of the charity
Restricted income funds
15
Unrestricted funds
16		 2025
£
60,962
269,922
330,884
(14,360)		 £
9,165
3,566
12,731
316,524
329,255
136,429
192,826
329,255		 2024
£
2,676
271,553
274,229
(6,707)		 £
-
979
979
267,522
268,501
129,123
139,378
268,501

The notes on pages 10 to 20 form part of these financial statements.

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 April 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

27 January 2026

The financial statements were approved by the trustees on .........................

..............................

T Reilly

Trustee

Company registration number 12252776 (England and Wales)

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

Charity information

London LGBTQ+ Community Centre Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is 60-62 Hopton Street, London, SE1 9JH, United Kingdom.

1.1 Basis of preparation

The financial statements have been prepared in accordance with the charity's Memorandum and Articles, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Designated funds are set aside by the trustees to meet essential future spending, such as funding a project that could not be met from future income.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised when probate is granted and there is sufficient information to measure them.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

1.6 Intangible fixed assets other than goodwill

Intangible assets acquired separately from a business are recognised at cost and are subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

Amortisation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Software

20% straight line

1.7 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

1.8 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.9 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

1 Accounting policies

(Continued)

1.10 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

2 Income from donations and legacies

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Donations and gifts
56,024
28,000
3
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Events
24,724
-
Food, drinks and
merchandise
9,630
-
Centre hire
2,975
-
Grants
-
232,221
37,329
232,221		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
84,024
74,403
-
Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
24,724
29,237
-
9,630
9,598
-
2,975
5,465
-
232,221
-
263,784
269,550
44,300
263,784		 Total
2024
£
74,403
Total
2024
£
29,237
9,598
5,465
263,784
308,084

4 Income from investments

Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 1,518 -
5 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Raising donations and legacies
Payment processing fees 1,027 1,659

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

6 Expenditure on community centre

Community Community
Centre Centre
2025 2024
£ £
Direct costs
Advertising 6,418 5,709
Event costs 2,491 2,393
Panel - 870
Wellbeing - 474
Workshop 26,084 28,496
Facilitators 8,625 8,482
Food and drink 4,479 3,799
Merchandise 984 -
Other materials costs - 1,528
49,081 51,751
Share of support and governance costs (see note 7)
Support 238,204 161,951
Governance 6,026 4,398
293,311 218,100
Analysis by fund
Unrestricted funds 52,643 46,177
Restricted funds 240,668 171,923
293,311 218,100

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

7 Support costs allocated to activities

Staff costs
Depreciation
Insurance
Light and heat
Telephone
Other office expenses
Rent
Bad debt
Repair and maintenance
Computer costs
Other staff costs
Professional fees
Governance costs
Analysed between:
Community Centre		 2025
£
183,627
757
4,163
5,042
120
2,657
8,333
-
2,136
8,774
9,699
12,897
6,026
244,230
244,230		 2024
£
118,417
70
2,727
4,137
643
898
10,000
5,355
875
4,764
2,806
11,259
4,398
166,349
166,349

8 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

Trustees' expenses

There were no trustees' expenses paid for the year ended 30 April 2025 nor for the year ended 30 April 2024.

9 Employees

The average monthly number of employees during the year was:

2025 2024
Number Number
Total 10 5

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

9
Employees
Employment costs
Wages and salaries
Social security costs
Other pension costs		 (Continued)
2025
2024
£
£
172,841
113,436
8,294
3,437
2,492
1,544
183,627
118,417		 (Continued)
2025
2024
£
£
172,841
113,436
8,294
3,437
2,492
1,544
183,627
118,417
118,417

There were no employees whose annual remuneration was more than £60,000.

10 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

11 Intangible fixed assets

Cost
At 1 May 2024
Additions - separately acquired
At 30 April 2025
Amortisation and impairment
At 1 May 2024 and 30 April 2025
Carrying amount
At 30 April 2025
At 30 April 2024		 Software
£
-
9,165
9,165
-
9,165
-

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

12
Tangible fixed assets
Cost
At 1 May 2024
Additions
At 30 April 2025
Depreciation and impairment
At 1 May 2024
Depreciation charged in the year
At 30 April 2025
Carrying amount
At 30 April 2025
At 30 April 2024
13
Debtors
Amounts falling due within one year:
Trade debtors
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Plant and
equipment
£
1,049
3,344
4,393
70
757
827
3,566
979
2025
2024
£
£
45,286
1,221
15,676
1,455
60,962
2,676
2025
2024
£
£
2,601
3,275
5,521
1,332
519
-
5,719
2,100
14,360
6,707		 Plant and
equipment
£
1,049
3,344
4,393
70
757
827
3,566
979
2025
2024
£
£
45,286
1,221
15,676
1,455
60,962
2,676
2025
2024
£
£
2,601
3,275
5,521
1,332
519
-
5,719
2,100
14,360
6,707
4,393
70
757
827
3,566
979
2024
£
1,221
1,455
2,676
2024
£
3,275
1,332
-
2,100
6,707

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

15 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 May 2024 Incoming Resources Transfers At 30 April 2025 Transfers At 30 April 2025
resources expended
£ £ £ £ £
- - - - -
Awards for All 20,019 - (12,684) - 7,336
Lush (100) - - 100 -
Rocket Science 363 - (333) - 31
National Lottery 44,773 171,344 (156,834) (2,190) 57,093
Tesco Groundwork (8) - - 8 -
Lululemon 29,206 39,774 (34,175) - 34,806
Screwfix 5,000 - - - 5,000
UnLtd (105) - - 105 -
B&Q 7,000 - (420) - 6,580
Dr Martens 2,826 - (2,700) - 126
NHSE CAPH 770 - (635) - 135
Southwark Council 12,012 16,111 (25,115) (552) 2,456
London Marathon 7,367 - (6,813) (554) -
Hinge - 23,000 - (9,165) 13,835
Taylor Wessing Pride 2025 - 5,000 - - 5,000
London Catalyst - 4,992 (960) - 4,032
129,123 260,221 (240,668) (12,247) 136,429

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

15 Restricted funds (Continued)
Previous year: At 1 May 2023 Incoming Resources Transfers At 30 April 2024
resources expended
£ £ £ £ £
Awards for All 9,950 19,993 (9,924) - 20,019
Lush 5,000 - (5,100) - (100)
Rocket Science 8,870 997 (9,504) - 363
National Lottery 1,500 107,087 (63,814) - 44,773
Tesco Groundwork 500 - (508) - (8)
Lululemon 11,955 49,184 (31,933) - 29,206
Screwfix 5,000 - - - 5,000
UnLtd (5,513) 9,640 (4,232) - (105)
B&Q - 7,000 - - 7,000
Dr Martens - 10,000 (7,174) - 2,826
NHSE CAPH - 5,000 (4,230) - 770
Southwark Council - 13,583 (1,571) - 12,012
London Marathon - 41,300 (33,933) - 7,367
37,262 263,784 (171,923) - 129,123

Transfers have been made to transfer the value of tangible fixed assets from restricted to unrestricted funds where the asset has been purchased from a restricted fund donation but is held for a general and not a restricted purpose.

16 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 May 2024 Incoming Resources Transfers At 30 April 2025 Transfers At 30 April 2025
resources expended
£ £ £ £ £
Unrestricted Funds 139,378 94,871 (53,670) (37,753) 142,826
Designated Funds - - - 50,000 50,000
139,378 94,871 (53,670) 12,247 192,826
Previous year: At 1 May 2023 Incoming Resources Transfers At 30 April 2024
resources expended
£ £ £ £ £
General funds 68,511 118,703 (47,836) - 139,378

The Trustees have elected to designate £50,000 for the expansion and upgrade of the Centre.

LONDON LGBTQ+ COMMUNITY CENTRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2025

17 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).