## **ANNUAL REPORT AND FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31ST MARCH 2022**
## **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 2022**
||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 5|
|**Independent Examiner's Report on the Accounts**|6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Accounts**|9 to 15|
## **ST MARY LEWISHAM YOUTH CENTRE**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
**CHARITY NUMBER** 269465 **START OF FINANCIAL YEAR** 01 April 2021 **END OF FINANCIAL YEAR** 31 March 2022 **TRUSTEES AT 31 MARCH 2022** Father S. Hall Julia Pring Appointed 30/5/21 Sonia Stewart Appointed 30/5/21 Mr P. Wynter Mrs P. Stoute Resigned 30/5/21 Ms. L. Willamson Resigned 30/5/21 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**
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF
3
## **ST MARY LEWISHAM YOUTH CENTRE**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31ST MARCH 2022**
St Marys Youth Centre Lewisham was set up to advance the mental, physical and spiritual welfare of young people by letting facilities to different groups in the community. Our halls and meeting rooms are available for use by local groups and organisations.
Due to the pandemic, the centre did not fully re-open until July 2021 for lettings and revenue was reduced for the start of the Financial Year but is now starting to recover as lettings increase.
We welcomed back the majority of our users only losing one and have attracted some new ones. Trustees have implemented a new Regular User Agreement and Terms & Conditions which includes risk assessments and safeguarding measures from all users as well as needing Liability Insurance in place.
There is also a similar Agreement that requires signing for one-off hiring of our hall and meeting rooms. All bookings whether regular or one-off require refundable deposits to be made to cover any extra costs. Revised hourly rates were implemented as well as increases for those regular users which are being phased in with any increases coming in at the beginning of each Financial Year.
The committee is very grateful for the many hours’ volunteers and staff member have spent making our centre the lively and vibrant community it is.
4
ST MARY LEWISHAM Yoimi CEfffliE
TRVSTEES. REPORT (contthxlad)
FOR THE YEAR ENDED 31sr MARCH 2022
The Tharltks *£t 2011 rgjuts the tnistee5 to pryarerfflc St&emtS ftr exh year pt¥•ts a
true and fair the state rf offar5 d the O)arty the surp$ rfthe Chty that perKKI. In preparfng
th(se finandal statements the tn>st*s a requred to:
l) selt suf(abk xcounting p(**s and appty thèn cm5t5tentty
11) Make jUdgts and ÉstTmate5 that are r*sonab* prud*t
111) Fyepare financk41 statuntS the gthg ccern ba5i4 un*ss * $ to presume that the trust w*
CCnlknuÈ kn e¥tenc1
TheTrustees are resp$11 keepng priyw xcwntkng r*(nls, *knth d&cbJse wth rwtn?b CUr at any
tirne the financ01 pOski of the Charity. They are a150 rÈ%pfflsib fcr safeguarding the assets c*the arity 8nd
h*ce fy tan9 reasonab steps the prevent det ctfraud and rther IrrejuKaries.
l approve the dhert st*ana)t &tNfcEs and b*ftce she# and c¢1M th& I h•e rne ayb all
infcmatin necessary for ts prepw*hJTr.
Approved by the Trustee5 .......
5jn on th* behaf by TTUSt*..........
ntèj Nane..
## **ST MARY LEWISHAM YOUTH CENTRE**
## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
Report to the trustees/ members of St Mary Lewisham Youth Centre on the accounts for the year ended 31st March 2022.
## **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.
Donna Leppitt Independent Examiners Ltd Unit 2 The Broadridge Business Centre Delling Lane Bosham PO18 8NF Date: 14th September 2022
6
## **ST MARY LEWISHAM YOUTH CENTRE**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2022**
|**Notes**
**INCOME**
Donations & Legacies
**3a**
Investment Income
**3b**
Charitable Activities
**3c**
**TOTAL INCOMING RESOURCES**
**EXPENSES**
Costs of Charitable Activities
**4a**
Costs of Generating Funds
**4b**
**NET INCOMING/(OUTGOING) RESOURCES**
Balances Brought Forward
**BALANCES CARRIED FORWARD**
**RESOURCES EXPENDED**
**TRANSFERS BETWEEN FUNDS**
**NET MOVEMENT IN FUNDS**|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
62,575
-
62,575
34,509
0
-
0
1
-
-
-
9,171|
|---|---|
||**62,575**
**-**
**62,575**
**43,681**|
||52,229
-
52,229
44,865
-
-
-
-|
||**52,229**
**-**
**52,229**
**44,865**|
|||
||**10,346**
**-**
**10,346**
**(1,184)**
-
-
-
-|
||**10,346**
**-**
**10,346**
**(1,184)**|
||4,256
-
4,256
5,439|
||**14,602**
**-**
**14,602**
**4,256**|
Movements on all reserves and all recognised gains and losses are shown above. All the organisation's operations are classed as continuing.
The notes form part of these financial statements, found on pages:-
9 to 15
7
ST MARY LEWISHAM YOUTh CEPThiE
BALAIKE SHEEr
AS AT 31 MARC•1 2022
umrestrkt Rtstritst
Fund
Fund
Toi•l
Toral
31-PlaTr22 3141ar-21
Nrtes
Asset5
Investrnent Assets
Debttrs & wayMts
Cash at bank and In hd
4h45
11,181
4845
11,181
2,560
2,686
CTRtht¢>rs: amwnts faylng due
wlthkn cne year
IIEf ¢lMRENT ASSErs
1.024
1,024
990
14,602
14,602
4,256
14fj02
14fj02
Cr•dllovs: arnwnts falkng due in mtre
than (x)e
14602
14,602
4256
FIINOSOFThECHARfFY
Gen¥al Funds
R&%titt funds
14.602
14,602
4,256
TOTAL FUNDS
602
The charit Art 2011 theTrustee5 to pwae st&em*its frr exh year whrh giwe è true and fa
vew of the state ofafv.rs the Trust and the surpkJ5 of theTnJst th& yw. In parkn9 those fincIat
ststements Ihe TrtJste&s ¥e wuirèj to'.-
- Sekrt SU8b *e0Jfttg Pc*5 apPtyth (l$tentlY
- Make judgements and estinates that are rea5rfflable prudent
- Prepare the financkl Statnts the gOg CCn ba515 vnkss knapprrysrAte to prtsume th* the th¥ity
continue in e¥t¢&
TheTrust*s are responsibk frx kwng prcper CntIng rwds. digthe with tUr at anv
tfjre the financi posrtui (Ithe Trust takng st*s fc* the prtin and dete£E1 rffmd
and cth¥ Wutsites.
Approvd by the Trustees ........ ......
sRed ther by TnJ5t*...
Fknrtted Nwne..
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **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.
## **Contractual Income and Performance Related Grants**
This is only included in the SOFA once the related goods or services has been delivered.
## **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
9
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **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 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 over their estimated useful lives. The rates applied are as follows:
Furniture, Fixtures & 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
10
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **2. TANGIBLE FIXED ASSETS**
|Additions
**Cost**
At 1 April 2021
At 31 March 2022
**Accumulated Depreciation**
At 1 April 2021
Charge for the Year
At 31 March 2022
**Net Book Value**
At 31 March 2022
At 1 April 2021|Furniture,
Fixtures &
Equipment
Restricted
Equipment
**2021/22**
£
£
£
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 2022 : None 31st March 2021: None
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 2022**
## **3. INCOMING RESOURCES**
|**3. INCOMING RESOURCES**||
|---|---|
|Note
**c) Incoming from Charitable Activities**
**a) Activities for Generating Funds**
Events
Lettings
Rents
Reclaim bills
Deposits
Exclu
**b) Investment Income**
Interest Received
Sundry Income
Refunds & Repayments|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
17,815
-
17,815
500
-
-
-
21,073
18,615
-
18,615
4,040
5,395
-
5,395
8,896
9,200
-
9,200
-
11,550
-
11,550
-|
||**62,575**
**-**
**62,575**
**34,509**|
||0
-
0
1|
||**0**
**-**
**0**
**1**|
||-
-
-
526
-
-
-
8,645|
||**-**
**-**
**-**
**9,171**|
This page does not form part of the statutory financial statements
12
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2022**
## **4. RESOURCES EXPENDED**
|**4. RESOURCES EXPENDED**||
|---|---|
|Note
**a) Charitable Activities**
Cleaning costs
Insurance Costs
Licences & Subscriptions
Postage & Stationery
Refuge & Sewerage Disposal
Repairs & maintenance
Salaries & Wages
Security Costs
Sundry Expenses
Telephone Costs
Utility Costs
**Governance costs:-**
Independent Examiner Fee|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**2021/22**
**2020/21**
£
£
**£**
**£**
1,213
-
1,213
1,454
8,871
-
8,871
8,301
92
-
92
151
224
-
224
190
3,908
-
3,908
1,058
7,083
-
7,083
5,243
11,592
-
11,592
14,228
275
-
275
325
6,726
-
6,726
1,338
511
-
511
453
10,710
-
10,710
11,134
1,024
-
1,024
990|
||**52,229**
**-**
**52,229**
**44,865**|
This page does not form part of the statutory financial statements
13
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **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**|||||
|---|---|---|---|---|
||Unrestricted
Restricted||**Total**|**Total**|
||Funds
Funds||**31-Mar-22**|**31-Mar-21**|
||£
£||**£**|**£**|
|Current Account|7,639|-|7,639|2,644|
|Business Reserve A/c|3,542|-|3,542|42|
||**11,181**|**-**|**11,181**|**2,686**|
|**8. DEBTORS AND PREPAYMENTS**|||||
||Unrestricted
Restricted||**Total**|**Total**|
||Funds
Funds||**31-Mar-22**|**31-Mar-21**|
||£
£||**£**|**£**|
|Sundry Debtors-Other|2,705|-|2,705|-|
|Sundry Debtors-ACCI|90|-|90|80|
|Sundry Debtors-Utilities|-|-|-|830|
|Sundry Debtors-Village Rent|1,650|-|1,650|1,650|
||**4,445**|**-**|**4,445**|**2,560**|
|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE YEAR**|||||
||Unrestricted
Restricted||**Total**|**Total**|
||Funds
Funds||**31-Mar-22**|**31-Mar-21**|
||£
£||**£**|**£**|
|Independent Examiner's Fee|1,024|-|1,024|990|
||**1,024**|**-**|**1,024**|**990**|
This page does not form part of the statutory financial statements
14
## **ST MARY LEWISHAM YOUTH CENTRE**
## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2022**
## **10. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE IN MORE THAN ONE YEAR**
The Charity held no long term liabilities during this or the previous financial period.
## **11. STAFF COSTS AND NUMBERS**
|**TOTAL**
**2021/22**
**£**
Gross Wages & Salaries
11,592
Employer's National Insurance Costs
379
Pension Contributions
-
**11,971**
Average number of employees who were engaged in each of the following activities:
**TOTAL**
**2021/22**
Charitable Activities
-
Management & Administration
1
**1**|**TOTAL**
**2020/21**
**£**
14,228
121
-|
|---|---|
||**14,349**|
||**TOTAL**
**2020/21**
2
1|
||**3**|
The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2020/21- 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.
(2020/21- 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
15