DOWNHAM (WESLEY HALLS) COMMUNFfv ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 ST MARCH 2024
DOVVNHAM (VIESLEY HALLS) COMMUNITY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Jill r..n Regtster¢deh&ril!" no7. . TABLE OF CONTENTS Legal and Administrative InforotiOn Trustees Report Independent Exaniner's Report statement of Financial Athvitres Balance Sheet Notes forming part of the Financial Statements
DOWNHAM (WESLEY HALLS) COMMUNITY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Rewiwed eharttyio.ITh?I tr tl tl Statu3: The organizatlon 18 an unlncorporated association formed under a trust dged and reglstefed a$ a ¢harlty numbered 275373. The Trust Deed 8et8 Out the charity'8 objects and powers and how It 18 to be governed. Tru8tg8s.' Krlstlna Grean (chalr) Gwen Smlth 18e¢retary) Vera Ward Itr8a8urerl Maxeen Blackman Margartta Paul plt Workers: Carol Wingfleld Clare Evans Lisa Bangbose Nèil Mgnsah Ollver Green Shane Lew18 Renee Novotna Robert Smlth Offlce: Downham IWe81ey Halls) Communlty As8oclatlon 2 Shroffold Road, London BR1SPE Tel.. 0208498-1464 Independent Examiner: Stuart Ethvards & Co Chartered Accountants 124 City Road London ECIV 2NX Bankers.. Barclays Bank PLC Loic•sfer LE87 2BB Page 3
DOWNHAM (WESLEY HALLS) COMMUNITY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 R¢O¢WGh¥rAy no. 2YS273 The term "we" and "our" is being used throughout for "the Trustees" The trustees present their report along with the charity's finanoial Statsments for the year ended 31 st March 2024. The financial statements Comply with the charity's trust deed and applicable law. The appointment of trustees Is carried out in accordance with the Trust Deed which govern8 the conduct of the charlty. In order to be accepted as a trustee, the candldates need to be elected onto the committee as an advisor ffirst ol all.. Ihereafter the advisers are required to attend the commlttee meetings regularly for one year. If they prove to have the rlght skills and aptltude and are worthy of the trusteeship then they automatical become a tru81ee of the a88ociation the followlng year. If an a(fvtsor. or a trustee. misses three meetings in successlon without extending adequate apologias then they shall no longer be able to serve on the management committee ol the association. To operate a Community Centre providing affordable facilities for the local Mult cultural communities in pursuance of social welfare for recreation. education. and leisure-time well-being. To enable local people to pursue their interests in a safe and welcoming envlronment. To enable and facilltate the development ot sm8Jl businesses and charities To act as a disseminator of information To be part of a wider networf( of local charitable organizations and local busine88es. nt lesa hl In planning the Centre program, the trustees keep in mind the Charity Commission's guidance on public benèfiL eof on'g The Curnt property lease thal w• have had with Lewisham Borough since 1978 has run out in 2021. The new lease has t(dte not been fina112èd although conversations have been taklng place. Currently. the Association is in discussion with the Council about renewing it. The Heads of Term8. lan outline of the lease) are being negotiated and the Council will provlde our Association wtth a new draft lease for approval. Page 4
DOWNHAM {WESLEY HALLS) COMMUNITY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Rep¢ Charity-.2J jl77 su The Association continues to be responsible for the payment ot all energy supply and consumption of energy on the premises. CurrÈnty, we receive gas anergy from Total Energies Gas & Power Limite¢J and Edf and the electricity supply is from British Gas. We also own three feed-ltart[[ metèrs for solar power energy that help reduce our carbon foot%&rint. RÈ Throughout the year we have undertaken many repwrs to the bullding i.e. repaired leaking taps, flushing units, changed many ligh1$. repaired damaged doors, repaired gas boilers, cleared gutters and repaired a several parts of the flat roofs as well as carrled out statutory safety compliance tests. We changed all automatic light switches to manual ones in order to save energy. The automatic light switches tende(I to stay on for much longer than they need to be turned on. Re-$anded the wooden floors In all of the three halls. rder Adult Learning Lewlsham - short mat bowts and personal fitnes9 for peop wtth leaming disabilities Brighter Horizons Inc. Or9. Charity- a weekly day-care provi81on for people with leamingl physical disabilities and who are neurodiverne. CDK Martial Arts Clubs.. Tae Kwon Do & Muay Thai classes for children. aduFts and famllles Cheer London Allstarz - ¢heerfeading and gymnastics classes for children and adults Councillors, Surgeries - every second and fourth Saturday of the month First Step8-ParenVCarer baby & toddler club - a self-help group organized and run by volunteers Julltsu Marshall Arts Clubs for chlldren and adults Kainos Ministry- regular worship and gathoring Sacred Church of Africa Ministry- regular worship and gatherings Seventh Day Adventist Church - regular worship and gatherings Shekinah House of Praise Ministry- regular worship and gathering$ Sifv&r Lunch Club on Thursdays - organised by Ageing Well Lewisham The Downham Community Choir- choir for young adults and onward8 - on Saturdays The Pathfinders Club - fcf young people from 10 years of age - on Sundays Welcom8 Lunch Club- a sem-help group organized and run by volunteers on Fridays Zumba- a vibrant, fun weekly exercise - on Fridays Apart from regular programme as listed above that take place on site our organization lets the ha113 for one-off event3 Ihat n8lp io keep Ihe hire costs to all users affordable. Throughout the year rnany children have had their birthday celebrations wilh bouncy castles. magicians and discos. Families held celebrations sometimes with bar-tTrques. Lo¢al people have organized thelr own meetings. wedding celebration8. wakes and training events. Page 5
DOWNHAM (WESLEY HALLS} COMMUNrrY ASSOCIATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Reg?Stcred Charitj no.- To negotlate the renewal of the premises, lease with the London Borough of Lewi$ham To maintain the premlses to a good standard to safeguard the people within i L To regularly review th8 Associations financ1 position. To regularly review the association's financiat and management procedures to safeguard the longevlty of the assoclation. To be conscious of the energy consumption to minimize the centre'8 carbon footprint. To securo lunding from external granl*iving organi88tions to finance new initiatives. To continue nehvorking with the local people and to develop the centre programme to be relleclTve of their needs. To continue provlding a safe and warm environment for local peorAe and local communities to enable them to meet, leam. exercise and enjoy their lives. To continue to protect the buildings and site for future generations as part of their heritage. It is because of our dedicated workers and volunteers that the Centre Is able to manage the centre to stay open 7 days a week up to 13 hours per day. The volunteers enrich the provision that is on offer al the centre either by a8$iSting WFthin the variou8 dubs, classes, events and churchesl ministries. Also not forgetting our management committee members who offer their time fr88ly and voluntarily. Krlstina Green Chair of the Board of Truslees Gwen Smith Secretary of the Board of Trustees 6 th December 2024 6 th December 2024 Dale Page 6
DOWNHAM (WESLEY HALLS) COMMUNrrY ASSOCtATION REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 Independent Examiner's Report to the Trustees of Downham Iwesley Halls} Community Association I report to the charity trustees on my examination of the accounts of the charity for the year ended 31st March 2024 which are set out on pages 8 to 13. Responsibilities and basis of report As the charitVs trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. {the Act) I report in respect of my examination of the charitrfs accounts carried out under section 145 of the Att and in carrying out my examination I have follovrfed all the applicable Directions 8iven by the Charity Commission under section 14515llb) of the Act. Independènt examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: l. the accounting records were not kept in respect of the charity as required by section 130 of the Act; or 2. the accounts do not accord with those records: or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008. other than any requirement that the accounts give a 'true and fair view., which is not a matter considered as part of an independent examination. 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 accounts to be reached. Stuart Edwards, Charlered Accountant 124 Clty Road, 8thJanuary 2024 LONDON, EC1V 2NX.............................................................................. Date
I)OWNHAAq (WESLEY HALLS) COIIPIUNITY ASSOCIATION STATEMEtrrr OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31ST MARCH 21>24 l#eome and ndowrn•nts frorn: Voluntary Ihcome:Donatlon• Investm•rrt Ine. Bank Int8r•st Charltblo Ae11¥$ Grant In¢omo Cenlre Ineom• 14579 15,579 86,262 143A73 143A73 86.262 Total Inm0 143A73 144373 14579 86,262 101.841 Expethdiur• R•lJing Funds ¢harlt•bh AethFIIIg• 142,516 142.516 15.579 80.072 95,657 Tow Exp•ndilur• 1112,516 142.516 15,579 80,072 95,651 N•t Inm¥/ExpenrbjrO for the ye•r 857 857 6.190 6,790 Tr•n•f¢r B•tw••n Ftsnd Net Movement In fvnds Funds balanc•• •t 1 Aprfl 2023 857 857 133.872 136.525 6,190 127,682 6,190 130.335 1653 a653 Funds balanee• ai 31 M•rch 2024 12113 1653 134.729 137JB2 2.653 133,872 136,525 All th• ¢h•rfVts Opera* ¥r• as contknulny. STATEMENT OF TOTAL RECOGNISED GAfNS AND LOSSES Th•r• w•r• no r•eognlggd galns and loss•x olh•r than th09• indud•d In lh• 8tatem•nt of Fina101 Aciivl
DOWNHAII (WESLEY HALLS) GOIIMUNITY AS%)CIATION BALANCE SHEET AT 31ST MARCH 2024 TANG18LE FIXED ASSErs 50 ¢URREITf ASSETS D•btors & Prep•yThfits Cè#h at Bank 9 22,605 126,837 149.442 24,004 777,878 142,482 CREDITORS . AmouTrt5 lalllng due thin on8 yr 10 12.110 12.110 6.007 6,OC17 136.475 137.332 137,382 736,525 Gèneral Fund$ Doslgnated Trs 13 13 82,229 52.500 134,729 81,372 52,500 731872 Re8trlct•d Fund 12 1653 Z653 TOTAL CHARITY FUND8 137,382 136.525 Appro¥•d by th• manag•mont ¢ommlltee and igned on ils behalt: . Krkntina Gr•n ( ¢h•lrl V•ra W•rd l Tr•asur•r) on Th notes on paye$ 11 to 14 lorni part ot th88• lIrn¢11 statomants.
DOWNHAkl {WESLEY TrIALLS) CQWUNITY ASSOCIATION NOTES FORMING PART OF THE ANAMCIAL STAYE¥EIITS FOR THE YEAR ENDED 318T MAACH 2024 1. A¢couiifiNG POUCIES •) The aceourts af• pr•pargd a1• A¢¢oufitlny R+porth by Chare&.. Ststsrn•rt ol R0mMIned Pra¢tk• applkoblo to charlt1È8 Pt•Mring Ihelr aecouhls in accorda•e• w51h th• Ans•c4•1 R•pdry St•ndth appbtab50 IA tho UK and R•pubEl¢ otr I1nd IFAS1021 (•• •rnd•d f0racG0wl p•rl¢pd e0mmerlO frott 1 J•Ay•ry Z0161. Th• ¢hwtty b • P¢+k 8•th•fft Errtity d•finod by FRS102. Th• ar• epard In si•rfkng. whKh h th¥ fvn¢U7n tuvr•n¢y of Iho ¢MrRy. Th• a¢¢ouni8 h&ve b•en prepared urthr thg b<1 11 COhvanligTr. Th• prlTrdpl accourtlnq pollel•g a¢opl•d arn A•t out bl Donathno and glttB or In¢ludad In the St•temoht Of FInal•l when r•c•fvabl•. Tho ¥81th1 of s•r¥I pro¥ldod by YOt0$y$ haJ not b••n HAUdId. ej &ants, IlUdIng thw lor th• purchAx ¥f Ilx•d 4•80ts. ar• r•¢tythts•d In th• St•t•mont of Nnan¢ial th• y•ar Tn ¥h tkn w• r•c•lvabkn. d) Intoming r0r¢•$ iluded wh•n t•tlYabb. •) •xp•nded ar• petOWi8ed in the period in they are R4Ou¥S eXnded Indud ttthutsble VIT whkh camot be reco%wed. fj Co#ts Dr• lo •ctl¥lUes basls •flh• Iw1n4 09r0nts thh ¥llrlbulable to aa¢h 1¥4. h) Unre•trted lund• donallons and ¢)thgr Incomlr4 rx4lablo or g•ngr•t•d f•r the obi•cts aFth• ¢hariy fvrth•r ¥p•¢ifd purpo• •r• 4valFbl• as 9BD•ral bmd. 11 pIgeted lunds r• unre¥trlct•d ftsml• aami•vkod by th• mAn•9•0rt for pArtitulaf Purp3. jl A•5trict•d f¥nd8 arè to b• lot $p•¢rfie pwpo¥w •1 tsid doTr by th• donw. ExpgTrdltuYe whlch Jwts th•50 crJtwfiA Is charyod to th• lufid 10gqthwTwhh 4Mby oth• ¢o¥t$ agreed by th• dtyw. kl PgnwloTh Pr$10# h provided Ihrough tt dthed coThtrfbtslk •rIn and Ihe p&nJlon C1$0 r•w•s•rts th• •mounl pAybl• by th? chavity to lh• fvnd i• thv 11 Tr•d• 4Jnd oth•r dbtrJrs •¢• Itt th• tI¢Tht •mow +Je after any ml Cash at bank •ttd In hand Inctudes o•sh and ghortterni hwbly Ip4uSd lTr¥eln opehhw of Ih d•poatt islthilw xcouTrL allowh)g for any dlscounts d. ol The charity h•$ fjnanGial asmts and firtancial fiabllhl•s ota kind that q¥Ify •ts bÈ81¢ flnanc4al iThttum•rrt& Ba81¢ flnan¢i¥l inslrpJmerbt av• Ints•d at traThÉ•ctloTh hd m•*•ur•d al thew setu•m v• 10
NOTES FORMING PART OFTHE FINA14CIAL STATEldEpn¥ FOR THEYEAA ENDED 81ST IIARGH 2024 2• VL•Jn 2b &4nl & CDntra: Gtrfj R pru11 1451• 16.57• 14579 Uaet E¥Trts & M••tEry• En•ryy P•gd In Tbrfll HMRC CVJAS 8upport 5yniry kncom• £ 90A19 14N2 14832 1421 7T.024 820 231$ ,365 37.201 14¥73 aT,2DI 14373 S53 aQ742 533 •&742 3to11 Cots Pr•mSw# £ s3,451 K454 .1S4 8QY54 1,898 1,898 141,5Q6 37.57J $3,152 39.705 14STg 79.Il2 TOI ab GOVERNAIICE COSTS Ind•p•Ad•nt Ex•r8 F4• 950 Thls l•st•i•d •li•f Ghllrylng Attounl•nts Feea.. srAFF COSTSANtr NLWBERS ss• 51.472 Ernr& Nl 453 51.925 Parlict4qr4 of empb)y4•¥.' vM$ •¥ follow•'. C•nlr• IAaAager or Etyivthbt 6. TAXATroN f. TRUSTEE REMUP*RATK>N 4 RELATED PARfYTF•I4&4CmKS •Xg•Mw vy•r• MlmtrNJr••d fDlru•t•M thè ye•y. {2023£NII Ik4
DOWNHAM ESLEy HALLS) COMIIUNITY ASSOCIATION NOTES FORMING PART OF THE FINANCIAL STATEMEpirs FOR THE YEAR ENDED 31ST MARCH 2024 B. TANGIBLE FIXED ASSErs Oponlng Balance Addition¥ Cloglng Balan 8.400 8,400 I1•pr•el0 OponlThg Bal0 Ch•ry• lor tho ygar Closjng Boknn 8A50 8,35Q 8,350 8.350 NET BOOK VALUE LASTYEAR 50 50 The witr• contents •nd •qulpfftent Is Insured Mrpo9•• •t a of •nd 8olar p4nelo at a ¥akni of £31.767. The choilty 1ga¥es the pr•rnl•g it O¢¢lWi•5 al 2 Shrollold Road. Bron, BR1 SPE The le49• for a IN•nty year ttrni front th• 29th Soptymlw 2001. A Side l•tt•r to the w•¥ ¥ign•d 00 9th April 2018. in T•hh in •x¢h0 for a p•pp•r¢orn Yent th• chartiy took lull r•spon8lknlity for r•palr• and maint•narK•. and hMIth and safgly ¢orAplianee with r8$p•Gt to th• bull9• #nd 9104nd& Tho rwwlromelts tsf th• 4ide letter ¢omm•r*Ad on 12kh January 2017. DEBTORS & PREPAYMEKrs Pr•paymts & Aoerywl In¢offl• 24.608 22,605 24,604 10. CREDJTQAS Arnounts f•llng du• withtn ono y•ar Taxat and Soclal Sécurlty Olh•r CreditorB & Acc8 12,110 6,007 12,110 6,007 11. ANALYSIS OF Nrf ASSETS BEf#EEII FUNDS Trngl)l• fixèd Awts Curr•nt Ass•t• Curr•rt Liabilib•• 2.6B3 149.442 142,482 f6,007) {12,110) (12,110) Not A8$0ts •t 31st Mareh 2024 82x19 5151x1 2.6S3 1J7.382 736.525 11
OOWNHAM (WESLEY HALLS) COMMUNITY ASSOCIATION NOTES FORUING PART OF THE FINANCIAL STATEMENTS FOR ThE YEAR ENDED 31ST MARCH 2Iy24 12. AESTrICTE) FIJNDS INCOME L.B.L8wS&h•m . Glr15 R Ug Prol•¢t gundry 15,579 15,579 EXPENDMJRE S•ll Co8t$ Promls•$ Piolect Costs 15.579 15,57# 8utplu for Y•ar Balance at 1st Ayll 2023 1653 2,65S 2.653 Balane• at 31ot Mareh 224 2,653 Pknrpoy• of Restrfctsd Fuhd$ Friends of Wo¥1oy Hall: io d•v•lop ¥•r¥le8 13. MOVEMÈNT IN TOTAL FUNDS At 1•t Incomin• Outgoifig At 31#t 2023 11•8trfet•d Fund• INol•121 £ 2.653 2.653 Unrostrloted Destgnated Fund Genoral Fund• Totsi Uttre8rict•d F 52.500 81.372 133,8Tt 52.500 82.229 131.729 143,3n 143.3n 142 5161 142,6161 Totsl Funds 136.525 143,373 {142,5161 137,382 Purpo•e vt D¢81gMted & General Fuhth Tho deslgttated fvnd¥ are eami•rft•d In part io upgr•l• and rw>alr the Prem% Th• upyrade of th9 h•tlng syvtern •nd th• replacemanl ofwlndow> T•thl¢h both wocled to v•ry eojtly. R•p4lTS may al30 n¢e(l¢d to the large ham roof. How•Ygr 19•1d tund¥ m•y b• 4ppll•d to thl ln tito e¥•nt ot ary ¥m•ll $horUall in th1¥ fundlhg. BuiThJlng Tmortt 1$ unf(¥lun•t8ly gonoralty mor• C0811y th•n expected $ln¢e othef is Idèntlfivd •t19f KC•8B bo•n ••l•bll8h•d to the more dlllkull parts gt th• lIdIng su¢h •$ th• rnot. In addilion major re11 cOd in th8 elosur• Of ¢111•8 to th• r•palr work to b• Garriod and thi¥ co1 r••ull Èn lom of Éheomrl from u•r$ 9roupo which may need to fund•d re$. Th tru¥te•s e*rmark goneral fvn4¥ lo pro¥tdÈ Nnnlng ¢4)sts eq1¥&1ent to SIX monlhS exp•ndNure ID 4¢¢ordanc• wllh Charity Comml•don gUIdn0# wlth a owr•rrt of £68, 13