THE COVEKf GARDEN SOCIAL AND CRAFfs CEKfRE ASSOCIATION Charlty Reglstratlon No . 276816 FINANCIAL STATEMEpif FOR THE YEAR ENDED 31 MARCH 2024 D8v18 8urlon Wllllgmj & Co Chart•r•d Cellifd N£c4)untants Sulie B11 Sutton Business Contre R881rnor Way, Wallington Surrey SM6 7A
THE COVENT GARDEN SOCIAL AND CRAFfs CENTRE ASSOCIATION Legal and Admlnlstrallve Informthn Tho name of the charlty Is The C(Nent Garden Socia and Crats Centre A88cKIgt Roglgtratlon Number 276616 Constitutlon The ¢harity18 govemed by Its lginal Constitution dated 4 December 1977. Its premises were located on th8 ground flcor of a large bullding in Earlham Street. The Who building was gutted by firn in 1999 and the charity ceased to fUn1)n pending the refurbishment of the bulklln9. The ¢harity was ItiVated in 2008 8nd established 8 8ubsidiary company, the Seven Dials Club Limited. to be inwxth on 11 May 2009 as the trading arm solety to enhance the capacty of th6 ¢harity to benefit the amenity of local re8ldents. CGSCCA 18 the Sole shareholder of th8 Iwnit•J comFny. Truit• Su8 VSnc8nl Laurence Lynch Kathryn Flml¢)tt Addro88 42 Earlham Strt London WC2H 9LA Indopendont Examln•r P R Willkgms FCCA Chartered CerNfigd P£¢ountant Sulte 811 Sutton Bu$in883 Centre Re8trmor Way, Wallington Surroy SM6 7P Contonts Page 1 Legal and Admini8tratiN* Information Report of TnJstee8 ReFQrt of the IndeFendent Examlner Statement of &7 Notes to the Fin¢181 Staiéments
The Tntst8as pr8senl their report the 181$181eftts >wr eNled 31 2W24. Th• al end adminithabw informalTh Set ¢Krt on pagè 1 part (rfth18 Th8 8tslements hove been wepared In acaj1dI wilh the acCntI)g pow8 Mt on pagg 6 ofthls report. ObJ•ots of lh• ahrlty The ob$ of the A88oclatp)n thall be: St Giles. Bloom31yJry. the area bnd#d by lh& Strand, Kngsway. hJth¥trrh, Groat Russell Street and Chadng Cr088 Road witlKJ(rt dists"TrXkn of sgx. pJlnk&l. reiOuS or oth&r Wnknn8, by a88ooatlw the bcal aulfvxitbs, woltary organisalh)n8 and th6 inhabitants kn a Ccrfnmn effort to advan¢& oducatth to provld• In tho Int¢r•sts 0l8Crt wgK•r• rnu8atbn and oc¢upkn8 obJoL of knwovhig lh• Conth1p (rf Ilfv for lh6 Inhabttanls. bl To m8lnL91n and mgn8g8. or to any t¢al autlvjlty Garden Communty As%Kialfion In tho nwintenance ond Ma9¥M8n1 of th8 Communlty Centre for 8dfvrfl88 promoted by lh8 A8Bc&aalJtsn and Is con6Otuent Wlas li fiJrthern the abovo obJ•as. Th• A880¢1otbn thall bo nc4wrty In pollks arKI nN•clarl•n kn r4. T AS8c¢lalkn Shall hMI th• pwto •ffllat• tr• Iho Nallonal F•lw•kn of ComMlty A86oclalOons and to sknll¥ othor organi•ations ilh 8lmMar <wltatl• ctyth. A•hl•¥•m•fits Durfng th• Yw Und•r R•¥1 with a rnfr8th•d and rofvth8h8(I cormiunity •tartsng fmnc4al yw. tha hw8lm•nt in our $pac•8 p8id dNid•nds I1h an in¢r•aso in o)mmefCi91 room hro. amptry c4Ming tho grants had rocelbd for Co¥kl r8Lqtsd Support and exp¢nditiJrns. Our ¢¢m8 thra year 8180 s• in food and bffiffjrnge sakn8, hope continuo 1xva vfilh In(¥oawl Tho CGCC rnlurbi8hmonl cosis typonditurg, ak>ng iih ourdkoct costs Irtdg Insuranco cLwer both SkdnrfIn1IY rose as a TsuIt ofthts Co8t-ol-LNing Cthi$. Wth 0Y rnts8 fo181ty 8tsbili$ing and ¢ar&ful management of efjnwneroal and ts)mrnty octlvitios. hava a positt Outco wilh our 9on8ral funds and rvs8m8 al £1,500. Thi61$ A heathy balance forlutu¥• Mivesbnent and to LknWW)r8t 8LWlartO rn8•rbw. lthi18twe hm ncl corpornto day booklrrfJs retwn to prwandemK b¥els, wv hav• vAtno8sed an Inern88e In nfidnCe aB morn oryanlBation$ AThJ poopkn •rn wanthig to mè•t, 6UPPOrt, 8ockg1198 and1•8m together. We are gratèfvl torfv •trenqfvMd rolatp)n8hips with regul8T organ1tIOnS IncdIng T Insthut• of Narnti Th•rnpy, the LcrfKkn FM S¢hoc4, MS. Just Add Watér and the ChiM8• Church. olBO rffi¥ di•nts M¢Don's Global and UK Youth. Sinco Nwmber 2022 havo f88gP4£d the exduse ofa Comnwnty Rcrfjm wilh WIFI And audISU81 facililies lo provvjo a perman•nt trK)mg for ccMThMunity aetivibu. 5 day8 par %%wk Including Tai Chi, digrtal creatNe ¢18s8es. 1..1 digital supwt. cl8ssos, quE, idge •nd vkni8t aft•moon8, oromath¢rnpy other Mnls inspired lry Ouf h)c&l communty. The Friday Lunch Club ha8 2TrJ attènde pr month with g Isl. w• hope to In¢rea60 Capacity In th• eomiThJ year. This KKJpuLgr nt ts fuThJed by Shaftgsbury plc are gralelul the Stoodla 8UPPQrt provkling thrts nwch n••ded for Peop to engage and enloy, thanks also to Chef Karol for pro¥iding a fanl88tr n)ge of gro01 lunthes •8ch ffjek. 21
THE COVENT 13ARDEN SOCIAL AND CRAFfs CENTRE AS80CL4TION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (¢onllnu•d) A#hSw•m•nts rtn9 th• Y•ar Und•r R•¥iva71eOfbtlnwd) T¥ Christmas lunches were prowded this year serying 158 guests Fer lunch, with th8 Masor of CanThJen In attendance viith our oNtr 55s. Noain, our thanks go to Shaftesbury PLC for prOdInll enthusiastic lUnteerS to sef¥e the lunches and to Richard Wilson vkno is a fantastic vunteer for our (xxnmunty. The Food Panty reopened in January as a of the Cost-of-LMng Crlsis kIng after a number of households in the area. We exct to see greater demand in the new financial year and we are planning ahead to proyido fresh ready mèals prepared by our creakn Chef Karol. Th18 8UPWrt goes alongside our nfftv Ser¥ice in partnership Mary Ward Legal with fundlng from LB Camden. offerng 1.1 8UPPOrt on managing financially. as part of the Camden Ivlce Network. The88 8eNce8 are administered by the very able Natalie Moor, and also vMl¢omed g new centre a$$ist8nt. Louis Monahan to the tsam. Our grateful thanks lo Phll Walls for his exceptional and rArtslanding looklng after the comrnunty and corporate users of our Rl8k Management The Tru8tee8 have 8c¢e86ed the rnajor rs8ks to vthith the charity 18 expoa•d and are 8ati8f that systams are in place to mibgate exposure to tho88 ri8k8.
THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 (continuod) Statement of Trustses Responslbililles The trustees are required by law to Ppare financial statemgnts for each financtiql yaar which glve a true and fair view of the state of •ffair8 of the charity and of its results for that period. In preparing those finanGial statsments, the trustees are required to.. (a) 8elect suitable acc>)unting pollcles arKI apply them consistenty; Ib) make judgements arKI estimates that are rea80nable and prudent. Icl stale whether the policies adopted are in accordance with the Statement of Recommended Practlce and with applicable accounting standards. subject to any material departures dl8dosed and explained in the finan¢i81 statements.. (d} prepare the financjal statents on a going concern basis unless it is inappropriate to assume that the charity will contlnue In busin85s. Tho Trustees are responsible for keeping x(x)unting records whth disclose with reasonable accuracy al any time the financial p)$ition of the Gharity and enable them to ensuro that the financlal slalemenls comply with the Stsiement of Recommended Practice. They are also re8wnsibltr for safeguarding the assets of the charity and hence for tsking rna8onable step8 for the pmentlon and détscllon of fraud and other Irreguiarlti Independont Examlnor The indapendent examiner, Peter R Wlliam¥ FCCA, is wlling to corrtlnue in office and a re801ution to appoint him will be proposed at the Annual General Meeting. Approval This report wa$ approved by th• tru8tee8 on the 11th Juty 2024 and signed on its behalf (4LII fl l ty Lrf Sue Vlncent Trustee Laurence LyrK*I Trustee Plmlott Trustee
REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATION I rwt ¢)n the accounts ofthe charty for the year erKled 31 Mar¢h 2024 8et out on pag8S 4-7. Raspoctlvo rtsponslbllltl•s of trustw and examlner As descriÈed on page 2 the charity$ trustees are reswnsible for the preParat)n of the acc4Junts. The chari s trust808 considèr that gn eudtt is not required for this Ye urKler seclion 144121 of the chare$ 2011 (the 2011Act)] and that an iTvJewident examination i¥ netsjed. It Is my respon8ibllty to.. examlne tho wjunts und•r 145 ofthe Charits8 2011 Art to folltxv the proceduriyd laid dNn in the General Dire¢ilons gWI by the Charity Commissioners under sectlon 14515)(bl of the 2011 Act. and - to 8tat8 whether particular matters have come to my attention Basls of Ind•p•nd•nt •xamlMrf• statem•nt My examinatbn carrfed out In aoxfdance with the Genorni Direction8 given by the Chanty Commissioners. An examination Includes a revi%Y•Y of the attountiry records kept by tha charlty and a wmparlson of the accounts presented th086 rOrdS. It 8180 indudes consideration of any unusual item8 or di8closure8 in the accounts. and Seeking explanation8 from a8 trustee• conceming any such matters. The procedure$ undértaken do nol provide all the evldence that would bo required in an audit and, consequenuy. I do Tr)t expres8 an audit opinion on the accounts. Indopondent ox8mln•rf• statement In connection with my examinthon, no matter ha8 come to my att8nti¢)n'. 1) which give¥ me reasonae cause to bel• that in any materkql rnspect the requlroment8.' - to keep accounting records in accordarKe vAh 88ctDn 130 of the 2011 Art. and - to prepare accounts which accord wth the aco)unting records and comply wth the accounting requirements of the 2011 Act have not toen met., or 2) lo whlch, In my opinion, attention ahould be drvn in ¢xder to enablo a proper under8tsnding of the accounts tt) be reached. P R Williams F.C.C.A Chartered Certified A£eountant Surte 811, Sutton Bu8ine88 Contre. Re8tmof Way. Wallington Suffey, SM6 7AH Date.. I Ki l2
In¢omlng R••auro•• Incomirffj Rea[rST0 G•neA R•s•M Fw Rocffi Hlre 137.339 251,956 14,OCQ 13,085 148,8S9 8.337 10.1100 Grnnts Rec•fv Transfer of as8•1% from Smn Dts Lknityd 476.782 217,812 RMour¢•• Exp•nd•d Direct Expena T•mpornry Ch•f& 8ar Sl•ll Salarng & Slat• InsuMn(¥J Colts staff Tr•lniw & R•crufvnt C<ts mlnbtralion R•nL Rat•s & Charp R•pairs, ma¢nl•MrK a LIDht Heat IrAnce 125,504 14,S 120,591 5,158 14.059 47,186 3,675 8,825 45.023 29.526 7,476 4,3S6 2,729 10,4n 6,947 Isyj ountoncy F••• Consultancy F 8•nk Ch•rg¢• Inl•r••t pa BooMk••plng rllsl 8,155 15 N•t SU1 fvrvJ• > 00.912 TOTAL GENeRAL PUND8 202¥ 264.817 190,882 Lrti.. Gr•rtto 8•Nn Dlth Club Ltrl Pl.. Grnntftom 8•¥•n CM•h CW L TOTAL GENEIiAL FUND8 onMI Jl lknh 2tr14
THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATION Balane• Sh••t as al 31 Mar¢h 2024 2024 2023 Note Flx•d Ass•ts Tanglble Assets 20,513 6.603 Curr•nt As8•ts Stod( Cash at Bank Debtors 7,416 248.685 184,411 269.132 206,294 L•68: Cr•dltors: •mounts falllnq du• wlthln on• y••r N•t Curr•nt Ass•ts 259,817 196,561 Total A88ets L088 Liabilmes Unrnstrfct•d Funds General Reserves Fun¢J Approved by tho Tru8teo$ on tho 11th JY 2024 and slgned on th8 tehatf by'.- Sue Vlncent /¢1 _L¢L&hy Laurenc8 Lyn Imlott Truste8 Trustee Trust•0
NOTES TOYHE FCIAL STATEMENTS FOR THE YEAR ENDED 81 MARCH 2024 1. Aeooubthq Por 2011 Pd. Stsnd•rd No I frryn th• qen1t0 lIr •tatsm 1.2 TANJlbl• Flx•d A•••t• and W¢yks 10% 8trt ikn• on EqVirt c4t•rvj EqLlpm• Oflc• S•¥en Chjb Ltd Fl•nt & 20% red ba 1.3 InBomSng Rwre•• IA Exp•nd•d In(41•d M in aoxwll bA 2 TINJW• Plx•d A•• e•r¥A •Mn Dknl• Works Fumthhln• EquIpt Eqm•rtt Pam TOTAL At 1.4.2023 omlny Addfdons from 80fi CAd• CW Ltd Al 31.3.2tr14 48.578 1,918 34.387 148.872 7.772 678 17 89 At 1.4.20rJ from S•wn Dcb Lthl CrgO (or Yow AI 31.3.2LY24 31822 140,C69 18.329 13.48• 2.178 287 31.3.2024 At 31.32CQ3 202 23 a D•btorn Tr•J• Dql)lor• SuTrJry D8Lcrt 13.031 21,485 398 4 Cr•thtor•. Am•thts IAllln• du• w#hln on•>• 2024 2023 Trnle Cr•Jttorn 16,460 11.824 3.839 10.160
THE COVENT GARDEN SOCIAL AND CRAFfs CEPMIE ASSOCIATION NOTES TO THE FINANCIAL STATEMEPn FOR THE YEAR ENDED 31 MARCH 2024 contlnued Rdat•d Party TranMctlons Durlng the year thore tre no relat&J party trans*icTh {2023- £Nil>