## **ANNUAL REPORT AND FINANCIAL STATEMENTS** 

## **FOR THE YEAR ENDED 31ST MARCH 2024** 

## **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 2024** 

||**Page**|
|---|---|
|**Legal and Administrative Information**|3|
|**Trustees' Report**|4 to 6|
|**Independent Examiner's Report on the Accounts**|7|
|**Statement of Financial Activities**|8|
|**Balance Sheet**|9|
|**Notes to the Accounts**|10 to 16|





## **ST MARY LEWISHAM YOUTH CENTRE** 

## **LEGAL AND ADMINISTRATIVE INFORMATION** 

## **CHARITY NUMBER** 

269465 

**START OF FINANCIAL YEAR** 01 April 2023 **END OF FINANCIAL YEAR** 31 March 2024 **TRUSTEES AT 31 MARCH 2024** Father Steve Hall Julia Pring Sonia Stewart Paul Wynter Roy. Brown Julian Watson Amanda Jackson 

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** 

## **BANKERS** 

St Mary's Centre Ladywell Road Lewisham London SE13 7UW 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 2024** 

## **OBJECTIVES AND ACTIVITIES** 

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 and the rear and upstairs area of the centre is a secured separate area and is let out to a nursery.  The centre lettings are still increasing and we are generating at profit.  Risk assessments and safeguarding are reviewed annually for all regular users to confirm they are compliant and that they have up-to-date liability insurance in place. There has been no increase to rates over 2023/24 for one-off and regular users (including the nursery).  The committee is very grateful for the many hours’ volunteers and our caretaker have spent making our centre the lively and vibrant community it is. 

## **ACHIEVEMENT AND PERFORMANCE** 

Bookings are managed by a designated Trustee with the assistance of the Chair of Trustees who reviews all booking forms.  Any regular agreements require sign-off by the Chair of Trustees once confirmation that Liability Insurance is in place and the Safeguarding Officer confirms all risk assessments and safeguarding policies are compliant. 

We have a Schedule of Works in place for maintenance projects and have achieved a number of improvements and repairs over the 2023/24 financial year which was paid for through our main account.  This included the replacement of the two remaining blow heaters which are scheduled to be replaced in the next financial year and also both commercial range cookers failed the gas inspections and could no longer be used so we therefore had to replace immediately the commercial range cooker in the main kitchen to allow facilities for hired functions.  This cooker was changed from gas to electric which also resulted in having to rewire. Due to the cost of these works we did not contribute to this fund over FY2023. Trustees agreed that the washroom facilities also required update to attract more users and quotes were sourced with a view to carry out the refurbishment in FY2024.  The cost of these works will be taken from our main account. 

## _**Reporting Serious Incidents**_ 

The Trustees confirm that by signing below they have declared that there were no serious incidents or other matters relating to this charity over the financial period 2023 that should have been brought to the attention of the Charity Commission. 

## _**Reserves policy**_ 

The Trustees' Financial Policies and Procedures document includes the set up of an extraordinary repair fund which is maintained for infrequent or major repairs such as roof repairs or re-pointing and major long term improvements and which also includes funds to cover the cost of items such as internal and external redecorations. Contributions are to be made to these funds in accordance with guidelines issued by the committee. 

4 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **TRUSTEES' REPORT (continued) FOR THE YEAR ENDED 31ST MARCH 2024** 

## _**Going Concern**_ 

The Trustees consider the charity a going concern and the accounts have been prepared on that basis.  The Charity's incoming resources were **£100,287** for the year ended 31 March 2024.  Expenditure directly related to the objects of the charity during the year was **£72,275** .  With a number of maintenance and upgrades paid from the main bank account, no payment was made into the reserve account but with the balance of the bank account being better than expected at the end of 31 March 2024, the Trustees will be going ahead with the project to refurbish and upgrade the washrooms in the next financial year. 

## **STRUCTURE GOVERNANCE AND MANAGEMENT** 

There are seven Trustees that sit on the Management Committee one being the Vicar of St Mary's Church.  One Trustee manages the bookings which are overseen by the Chair.  Another Trustee has been delegated the responsibility of risk assessment and safeguarding and who is also the designated safeguarding officer at St Mary's Church and approved by the Southwark Diocese.  Another Trustee has the responsibility as Secretary to the Management Committee.  We currently have two signatories required for payments and refunds one signatory being the Chair of Trustees and we do not take or provide any cash payments. 

We have one part-time caretaker who cleans, opens and closes for the regular users and carrying out any overtime cover when required.  This individual is retired and therefore we do not provide pension provision although we do process his tax and NI to HMRC from his pay. 

## **FUTURE PLANS** 

There are further Schedule of Works planned for the next financial year which include the replacement of the Fire Doors in the main hall and the refurbishment of the main toilets.  We are also looking to move the banking online to make payments in or out more efficient than the current system but needs to work with our financial policies on authorisation and have decided on a new accounting package to be used for the 2024-25 Financial year, as the Treasurer post is currently vacant and financials are currently being covered by Trustees, overseen by the Chair.  We are still actively trying to recruit a Treasurer to fill this voluntary post. 

5 



ST MARY LE￿SHAm YOUTH CENTrE
TRiJsfEES' REPORT (cortinued)
FOR THE YEAR ENDED 31￿ MARCH 2024
TTu#ws' RespDn5ibilFties
Tbe Charti* Act 2022 requwes the trustee5 to prepare stata))ents exh financk4 year ¥¥hKh press)ts
true and faw VEW c* the 5tote rf affèKs rf the lThar*y and the surpkt5 of the Chwty tr that ptr*xd. In P￿ar￿9
th(se flnancia statements the truste￿ are rwur&J to..
l) Selert 5uftabk acctsJntA)g pclkE5 and appty cwsi%tentty
U) M* judgements est1mat￿ that are rea5￿** and pruda7t
iii) Prepafft fman£￿4 statements m the g(xn9 ci)ncern basis Un￿*S 1napprq)￿1te to presume that the trust w
Cont￿Ue in &x6tence.
TheTrustee5 are respwsible keepk)g Pr￿er ￿C￿￿ting re£￿d5, lyhth viith reasonab￿ xcur&y at any
tine the financ&al c*the CThwity. They resp￿$1￿￿ saf*Ju￿dIng the a55ets ￿ the Charfcy and
hence for taknng rea5￿ab￿ Steps f¢r the pre￿tts1 and rl fr￿d Lther wre9ularties.
l apprrwe the att￿h*j stat￿ent cl ￿t￿tE5 bakntÈ she* and tt￿firm that I have made all
fryrn4tKJn necessary Tur k5 prepaTatpx¢.
Approved by the Trustee5 W...
SKJned on thar behalf by Trnstee.....
Prlnted Narne-

## **ST MARY LEWISHAM YOUTH CENTRE** 

## **INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024** 

Report to the trustees/ members of St Mary Lewisham Youth Centre on the accounts for the year ended 31st March 2024. 

## **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 2022 (the Charities Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts under section 145 of the 2022 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 concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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 

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 April 2025 

7 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2024** 

|**Notes**<br>**INCOMING RESOURCES**<br>Donations & Legacies<br>**3a**<br>Investment Income<br>**3b**<br>Charitable Activities<br>**3c**<br>**TOTAL INCOMING RESOURCES**<br>**PAYMENTS**<br>Costs of Charitable Activities<br>**4a**<br>**NET INCOMING/(OUTGOING) RESOURCES**<br>Balances Brought Forward<br>**BALANCES CARRIED FORWARD**<br>**TRANSFERS BETWEEN FUNDS**<br>**NET MOVEMENT IN FUNDS**<br>**RECONCILIATION OF FUNDS:**<br>**RESOURCES EXPENDED**|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>**£**<br>**£**<br>94,341<br>-<br>94,341<br>91,543<br>48<br>-<br>48<br>16<br>5,898<br>-<br>5,898<br>815|
|---|---|
||**100,287**<br>**-**<br>**100,287**<br>**92,374**|
||75,275<br>-<br>75,275<br>57,432|
||**75,275**<br>**-**<br>**75,275**<br>**57,432**|
|||
||**25,012**<br>**-**<br>**25,012**<br>**34,942**<br>-<br>-<br>-<br>-|
||**25,012**<br>**-**<br>**25,012**<br>**34,942**|
||49,543<br>-<br>49,543<br>14,602|
||**74,555**<br>**-**<br>**74,555**<br>**49,543**|



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:- 

10 to 16 

8 



ST MARY LEWISHAM YOUTh CEPITrE
BALA14￿ SHEET
AS AT 31 MARCH 2024
Total
31-MaTr24 31-Map23
Fund
TaTrg1b￿ Assets
Debttr5 & Prepayments
Cash at bank and
13.718
61.887
13.718
61.887
3.705
46.B92
Total Cunent Assets
75.605
¢redltoTh. arnujnts faHing due
¥vitnin Me year
CiliRENT ASSErs
1050
1.050
1,054
74.555
74.555
49,543
TOTAL ASSETS current lèbrtr(4es
7455S
74.555
49.543
c￿￿tOrs. aM￿ntS fallng due in m<re
than c#)e v
io
74S55
7<555
49¥3
FUNDS OF ThE CHARrrY
Genwal Fund5
Restrkted fvTrds
74,555
74.555
49.543
TOTAL FUNDS
555
The char￿￿$ Act 2022 reJuire5 the T￿Stee5 to prepare St&Wn￿tS for exh h)anc&?l year which gwe a true fa*
vew rfthe state of affalrs of the Trust and of the surplu5 of theTrust fcf that yw. In preparing th(se finwickAI
5latements the Trustee5 are requirèj to'.-
- Sekct suitable act￿nting par￿￿5 aTrd app￿ th*m con5st￿tty
- Make judgement5 and esttsnat￿ th* are rea5￿￿•￿ prUd￿t
- P￿Ddre the fiA￿Cl8 stat￿81t$ ￿ the goB)g Conc￿ bass Uts￿5 t is in4iprcpriate to presume th* the charity
viill contrue in existente.
TheTrustees ¥e responsib￿ ftf keep￿9 prw ￿cUlnt￿g rec¢Yds. wh*h d￿ckSe rea5Cna)￿ ￿turary at anv
time the financid pr61t1￿ (I the Trust hence reas￿al steps fLY the preventin and det￿t￿ of fraud
and other irwui4rtts.
23_3_2L)2f
Appr¢Ned by the Trustees on .......................
S*gned ijn the* by Tnjstse.......
Print Name..

## **ST MARY LEWISHAM YOUTH CENTRE** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **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 2022. 

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. 

## **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 

10 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **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. 

## **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. 

## **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 consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage. 

## **Fund Accounting** 

Funds held by the charity are either: 

- ・ **Unrestricted funds** 

   - These are funds which can be used in accordance with the charity's objectives, at the discretion of the trustees. 

- ・ **Restricted funds** 

- These are funds that can only be used for particular restricted purposes within the objects of the charity. 

- ・ **Designated funds** 

   - These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 

## **Fixed Assets** 

Fixed Assets are capitalised if they can be used for more than one year and cost at least £1,500. 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 

11 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **2. TANGIBLE FIXED ASSETS** 

|Additions<br>Charge for the Year<br>At 31 March 2024<br>**Net Book Value**<br>At 31 March 2024<br>At 1 April 2023<br>**Cost**<br>At 1 April 2023<br>At 31 March 2024<br>**Accumulated Depreciation**<br>At 1 April 2023|Furniture,<br>Fixtures &<br>Equipment<br>Restricted<br>Equipment<br>**2023/24**<br>£<br>£<br>£<br>17,834<br>-<br>17,834<br>-<br>-<br>-|
|---|---|
||17,834<br>-<br>17,834|
||17,834<br>-<br>17,834<br>-<br>-<br>-|
||17,834<br>-<br>17,834|
|||
||**-**<br>**-**<br>**-**|
||-<br>-<br>-|



The annual commitments under non-cancelling operating leases and capital commitments are as follows: 

31st March 2024 : None 31st March 2023 : None 

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 2024** 

## **3. INCOMING RESOURCES** 

|**3. INCOMING RESOURCES**||
|---|---|
|Note<br>**c) Incoming from Charitable Activities**<br>PCC<br>Deposits<br>**b) Investment Income**<br>Interest Received<br>Sundry Income<br>Refunds & Repayments<br>**a) Activities for Generating Funds**<br>Events<br>Lettings<br>Rents<br>Reclaim bills|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>**£**<br>**£**<br>34,950<br>-<br>34,950<br>33,200<br>4,445<br>-<br>4,445<br>-<br>39,105<br>-<br>39,105<br>46,005<br>2,241<br>-<br>2,241<br>2,238<br>13,600<br>-<br>13,600<br>10,100|
||**94,341**<br>**-**<br>**94,341**<br>**91,543**|
||48<br>-<br>48<br>16|
||**48**<br>**-**<br>**48**<br>**16**|
||885<br>-<br>885<br>565<br>4,699<br>-<br>4,699<br>250<br>314<br>-<br>314<br>-|
||**5,898**<br>**-**<br>**5,898**<br>**815**|



This page does not form part of the statutory financial statements 

13 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2024** 

## **4. RESOURCES EXPENDED** 

|**4. RESOURCES EXPENDED**||
|---|---|
|Note<br>**Governance costs:-**<br>Independent Examiner Fee<br>Refuse & Sewerage Disposal<br>Repairs & maintenance<br>Salaries & Wages<br>Security Costs<br>Sundry Expenses<br>Telephone Costs<br>Utility Costs<br>Refundable deposits<br>Other expenditure<br>**a) Charitable Activities**<br>Cleaning costs<br>Insurance Costs<br>Licences & Subscriptions<br>Postage & Stationery|Unrestricted<br>Restricted<br>**Total**<br>**Total**<br>Funds<br>Funds<br>**2023/24**<br>**2022/23**<br>£<br>£<br>**£**<br>**£**<br>1,308<br>-<br>1,308<br>1,294<br>16,855<br>-<br>16,855<br>10,964<br>188<br>-<br>188<br>208<br>-<br>-<br>-<br>15<br>2,298<br>-<br>2,298<br>2,116<br>10,721<br>-<br>10,721<br>6,861<br>11,903<br>-<br>11,903<br>12,577<br>300<br>-<br>300<br>300<br>11,390<br>-<br>11,390<br>-<br>863<br>-<br>863<br>715<br>16,782<br>-<br>16,782<br>11,909<br>-<br>-<br>-<br>9,420<br>1,617<br>-<br>1,617<br>-<br>1,050<br>-<br>1,050<br>1,054|
||**75,275**<br>**-**<br>**75,275**<br>**57,432**|



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 2024** 

## **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-24**|**31-Mar-23**|
||£|£||**£**|**£**|
|Current Account|58,281||-|58,281|43,334|
|Business Reserve A/c|3,606||-|3,606|3,558|
||**61,887**||**-**|**61,887**|**46,892**|
|**8. DEBTORS AND PREPAYMENTS**||||||
||Unrestricted|Restricted||**Total**|**Total**|
||Funds|Funds||**31-Mar-24**|**31-Mar-23**|
||£|£||**£**|**£**|
|Sundry Debtors-Other|1,200||-|1,200|2,055|
|Sundry Debtors-Utilities|4,268||-|4,268|-|
|Sundry Debtors-Village Rent|8,250||-|8,250|1,650|
||**13,718**||**-**|**13,718**|**3,705**|
|**9. CREDITORS AND ACCRUALS AMOUNTS FALLING DUE WITHIN ONE**||**YEAR**||||
||Unrestricted|Restricted||**Total**|**Total**|
||Funds|Funds||**31-Mar-24**|**31-Mar-23**|
||£|£||**£**|**£**|
|Independent Examiner's Fee|1,050||-|1,050|1,054|
||**1,050**||**-**|**1,050**|**1,054**|



This page does not form part of the statutory financial statements 

15 



## **ST MARY LEWISHAM YOUTH CENTRE** 

## **NOTES TO THE ACCOUNTS (continued) FOR THE YEAR ENDED 31ST MARCH 2024** 

## **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**<br>**2023/24**<br>**£**<br>Gross Wages & Salaries<br>11,563<br>Employer's National Insurance Costs<br>340<br>Pension Contributions<br>-<br>**11,903**<br>Average number of employees who were engaged in each of the following activities:<br>**TOTAL**<br>**2023/24**<br>Charitable Activities<br>1|**TOTAL**<br>**2022/23**<br>**£**<br>11,801<br>392<br>-|
|---|---|
||**12,193**|
||**TOTAL**<br>**2022/23**|
||1|



The Charity operates a PAYE scheme to pay all employed members of staff and no employees received emoluments in excess of £60,000. (2022/23- 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. 

(2022/23- 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. 

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