## **ANNUAL REPORT AND FINANCIAL STATEMENTS** # **FOR THE YEAR ENDED 31ST MARCH 2021** ## **ST MARY LEWISHAM YOUTH CENTRE** ## **CHARITY REGISTRATION NUMBER 269465** Independent Examiners Ltd Unit 2 The Broadbridge Business Centre Delling Lane Bosham PO18 8NF ## **ST MARY LEWISHAM YOUTH CENTRE** ## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2021** ||**Page**| |---|---| |**Legal and Administrative Information**|3| |**Independent Examiner's Report on the Accounts**|4| |**Trustees' Report**|5| |**Statement of Financial Activities**|6| |**Balance Sheet**|7| |**Notes to the Accounts**|8 to 14| ## **ST MARY LEWISHAM YOUTH CENTRE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** ## **CHARITY NUMBER** 269465 **START OF FINANCIAL YEAR** 01 April 2020 **END OF FINANCIAL YEAR** 31 March 2021 **TRUSTEES AT 31 MARCH 2021** Father S. Hall Mr P. Wynter Mrs P. Stonte Ms. L. Willamson Mr R. Brown Mr J. Watson The existing trustees appoint any new trustees following the provisions laid out in the Charity's governing instrument. **LEGAL STATUS** Unincorporated Charity **GOVERNING INSTRUMENT** Licence Dated 8th April 1975 **REGISTRATION DATE** 16 June 1975:Standard registration ## **OBJECTS** To help young people of both sexes, of all races and creeds, especially but not exclusively through their leisure time activities, so to develop their physical, mental and spiritual capacities, that they may grow to full maturity as individuals and members of society. **CORRESPONDENCE ADDRESS** Ms Sharon McKenzie 36 Campshill Road London SE13 6QR **BANKERS** National Westminister Bank Plc Lewisham Branch 80 Lewisham High Street London SE13 5JJ **INDEPENDENT EXAMINER** Mrs Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF 3 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021** Report to the trustees/ members of St Mary Lewisham Youth Centre on the accounts for the year ended 31st March 2021. ## **Respective responsibilities of trustees and examiner** The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. ## It is my responsibility to: - examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention ## **Basis of independent examiner’s statement** My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below. ## **Independent examiner's statement** In connection with my examination, no matter has come to my attention 1. which gives me reasonable cause to believe that in, any material respect, the requirements: - to keep accounting records in accordance with section 130 of the Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Mrs Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 28th July 2021 4 ST MARY LE￿SHAN YOUTh CEfffliE TRUSTEES. REPORT FOR THE YEAR ENDED 31sr MARCH 2021 St M￿YoUth Centre Lewisham wasset uptoad¥ancethemLrtal. phy&cal and spiritua wdfareofyoung wpleby lettingfacilitiesto diffeTent8roupsin thecommurtity. oUrh￿l53nd meeting rooms¥ea¥ailableforuseby local 8roupsand or8anisatsons. Duetothepandemic. thec￿*treWaSe1oSed for mostoftheyew. As our incorneisentlTdy rdiant on lettings. itwas*gnificantly r•lucol. Goin8forw3rd. we hopeto wdcornebKkour usersand attTaa Thew ones. Thecommittee 1svttyRratehJl forthernany hour* Steps tr the Prevent￿ and ct fraud othtr rrtyuL4r1t￿S. l approve the att**INCOME**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
**EXPENSES**
Costs of Charitable Activities
**4a**
Governance Costs
**4b**
**NET INCOMING/(OUTGOING) RESOURCES**
**5**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**
**RESOURCES EXPENDED**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020/21**
**2019/20**
£
£
**£**
**£**
34,509
-
34,509
63,871
1
-
1
3
9,171
-
9,171
3,030| |---|---| ||**43,681**
**-**
**43,681**
**66,905**| ||43,875
-
43,875
76,555
990
-
990
930| ||**44,865**
**-**
**44,865**
**77,485**| ||| ||**(1,184)**
**-**
**(1,184)**
**(10,580)**
**-**
**-**
**-**
**-**| ||**(1,184)**
**-**
**(1,184)**
**(10,580)**| ||5,439
-
5,439
16,019| ||**4,256**
**-**
**4,256**
**5,439**| Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing. 6 ST MARY LEWISHAM YOirnI CENTRE BALAIKE SHEET AS AT 31 MARCH 2021 Unrestrit￿ Re5trkt&l Fund Fund Totsl Totsl 31Wma￿21 31-Ma￿l0 Nrtes Tangib￿ Nssets In￿tm￿ Cyrr¢rt Assets Debt￿S & Cash at bank and in h*d 2,560 2.686 2.560 2,686 6,369 Total Current Ass•ts Crtdrtorn.. wn(wnts ftdlkng due wlthin year NET CURRENT ASSETS 990 930 4,256 4,256 5,439 TOTAL ASSEfs CUrr￿t 42S6 Credltors: amLwJnts falwng due in more than tme year io 4256 5h39 FUNDS OF THE CHARrrY Gweral Funds Re%trtrt&1 funds 4,256 4,256 5,439 TOTAL FUNDS Thè Charrf(Es Act 2011 rwuires theTrUSte￿ to prepwe staLern￿ts finaThci31 year 5¥h￿h give 2 true and f¥ vts¥ crfthe state rt affalrs c¢ the Trust and ￿the surpkns c*the Trust tr that year. fn preparing thosefin*c staternents the Trust￿ a￿ re]U￿ed to'.- - Sew suttabk ￿Counting and appty th￿ C￿$￿te￿tty Make judgements and estlmatts that are rea$Mab￿ and prudent - Prep¥e the financral St&em￿ts ￿ the goin9 c(x)ctrn basis un￿$ * 15 inapprcprtste to presume that the chartty I centlnue in exist￿Ce. The Trustee5 are re5ponsbk frx keeping preptr xcojntng r*ords. dtscSJse **h rea￿￿ab￿ accur¥y at any tine the financ￿1 of the Twst hence for takng rea5c￿￿ steps tr the preventth and fraud and other rreouLAr¢es. Approved by the Trustees C￿ th&... ...... SvJn6Y C￿ ther beh*f by Trustee...... ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021** ## **1. ACCOUNTING POLICIES** The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year. ## **Basis of preparation:** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Cash Flow Statement** The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement. ## **Recognition of Incoming Resources** These are included in the Statement of Financial Activities (SOFA) when: - the charity becomes entitled to the resources; - the trustees are virtually certain they will receive the resources; and - the monetary value can be measured with sufficient reliability. ## **Incoming Resources with Related expenditure** Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resources and related expenditure are reported gross in the SOFA. ## **Grants and Donations** Grants and donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## **Tax Reclaims on Donations and Gifts** Incoming resources from tax reclaims are included in the SOFA at the same time as the tax reclaim is received. ## **Contractual Income and Performance Related Grants** This is only included in the SOFA once the related goods or services has been delivered. ## **Gifts in Kind** Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income receivable. ## **Volunteer Help** The value of any voluntary help received is not included in the accounts and is described in the Trustees' Report. ## **Donated Services and Facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## **Investment Income** This is included in the accounts when receivable. ## **Investment Gains and Losses** This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. This page does not form part of the statutory financial statements 8 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021** ## **1. ACCOUNTING POLICIES (continued)** ## **Expenditure and Liabilities** ## **Liability Recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## **Governance Costs** Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advise to trustees on governance or constitutional matters. ## **Grants with Performance Conditions** Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output. ## **Grants Payable without Performance Conditions** These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## **Operating Leases** Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease. ## **Support Costs** Support costs include central functions and have been allocated to activity cost categories on a basis consisent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. ## **Investments** Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value. ## **Fixed tangible Assets** Fixed Assets are capitalised if they can be used for more than one year and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## **Depreciation Expense** Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows: Furniture, Fixtures and Equipment 25% There has been no change to the accounting polices (Variation rules and methods of accounting) since last year. The Charity does not own a property but pays a peppercorn rent for the use of the centre. This page does not form part of the statutory financial statements 9 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021** ## **2. TANGIBLE FIXED ASSETS** |Additions
**Cost**
At 1 April 2020
Disposals Gain/ (Loss)
Realised Gain/ (Loss)
Revaluation Gain/(Loss)
At 31 March 2021
Charge for the Year
At 1 April 2020
At 31 March 2021
**Net Book Value**
At 31 March 2021
**Accumulated Depreciation**
At 1 April 2020|Unrestricted
Equipment
Restricted
Equipment
**2020/21**
£
£
£
17,834
-
17,834
-
-
-
-
-
-
-
-
-
-
-
-| |---|---| ||17,834
-
17,834| ||17,834
-
17,834
-
-
-| ||17,834
-
17,834| ||| ||**-**
**-**
**-**| ||-
-
-| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st March 2021 : None 31st December 2020 : None This page does not form part of the statutory financial statements 10 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2021** ## **3. INCOMING RESOURCES** |Note
**c) Incoming from Charitable Activities**
Refunds & Repayments
**b) Investment Income**
Events
Lettings
Rents
Reclaim bills
**a) Activities for Generating Funds**
Interest Received
Sundry Income|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020/21**
**2019/20**
£
£
**£**
**£**
500
-
500
3,910
21,073
-
21,073
32,378
4,040
-
4,040
24,630
8,896
-
8,896
2,954| |---|---| ||**34,509**
**-**
**34,509**
**63,871**| ||1
-
1
3| ||**1**
**-**
**1**
**3**| ||526
-
526
1,905
8,645
-
8,645
1,125| ||**9,171**
**-**
**9,171**
**3,030**| This page does not form part of the statutory financial statements 11 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS** ## **FOR THE YEAR ENDED 31ST MARCH 2021** ## **4. RESOURCES EXPENDED** |**4. RESOURCES EXPENDED**|| |---|---| |Note
**b) Governance costs**
Refuge & Sewerage Disposal
Repairs & maintenance
Utility Costs
Sundry Expenses
Telephone Costs
Security Costs
Salaries & Wages
Independent Examiner Fee
Licences & Subscriptions
Cleaning costs
Depreciation Expenses
**a) Charitable Activities**
Postage & Stationery
Insurance Costs|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2020/21**
**2019/20**
£
£
**£**
**£**
1,454
-
1,454
3,118
-
-
-
-
8,301
-
8,301
7,084
151
-
151
88
190
-
190
253
1,058
-
1,058
2,865
5,243
-
5,243
28,378
14,228
-
14,228
21,414
325
-
325
300
1,338
-
1,338
994
453
-
453
437
11,134
-
11,134
11,624| ||**43,875**
**-**
**43,875**
**76,555**| ||990
-
990
930| ||**990**
**-**
**990**
**930**| ## **c) Cost of Generating Funds** This page does not form part of the statutory financial statements 12 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** ## **5. RESTRICTED FUNDS** The Charity held no Restricted Funds during this or the previous financial period ## **6. INVESTMENTS** The Charity held no investment assets during this or the previous financial period. ## **7. CASH AT BANK AND IN HAND** |**7. CASH AT BANK AND IN HAND**|| |---|---| |Current Account
Business Reserve A/c|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-21**
**31-Mar-20**
£
£
**£**
**£**
2,644
-
2,644
4,728
42
-
42
1,642| ||2,686
-
2,686
6,369| ## **8. DEBTORS AND PREPAYMENTS** |Sundry Debtors-Village
Utilities
Sundry Debtors-ACCI|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-21**
**31-Mar-20**
£
£
**£**
**£**
1,650
-
1,650
-
830
-
830
-
80
-
80
-| |---|---| ||**2,560**
**-**
**2,560**
**-**| ## **9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR** |Independent Examiner's Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Mar-21**
**31-Mar-20**
£
£
**£**
**£**
990
-
990
930| |---|---| ||**990**
**-**
**990**
**930**| 13 ## **ST MARY LEWISHAM YOUTH CENTRE** ## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2021** ## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilties during this or the previous financial period. ## **11. STAFF COSTS AND NUMBERS** |Gross Wages & Salaries
Employer's National Insurance Costs
Pension Contributions|**TOTAL**
**2020/21**
**£**
14,228
121
-
**14,349**|**TOTAL**
**2019/20**
**£**
21,414
158
-| |---|---|---| |||**21,572**| Average number of employees who were engaged in each of the following activities: |Charitable Activities
Management & Administration|**TOTAL**
**2020/21**
2
1
**3**|**TOTAL**
**2019/20**
2
1| |---|---|---| |||**3**| No employees received emoluments in excess of £60,000 and all employed members of staff were paid through the PAYE scheme. (2019/20- None) ## **12. TRUSTEES AND OTHER RELATED PARTIES** No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2019/20- None) ## **13. RISK ASSESSMENT** The Trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **14. RESERVES POLICY** The Trustees have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Trustees aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The trustees will endeavour not to set aside funds unnecessarily. ## **15. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. This page does not form part of the statutory financial statements 14