THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATION
Charity No. 276616
Report and financial statements
For the year ended
31 March 2025
I GOLDWINS

The Covent Garden Social and Crafts Centre Association
Report and financial ststements
For the year ended 31 March 2025
Contents
Page
Reference and administrative infomation
Trustees, annual report
Independent examine￿5 report
ststement of financial activities
(incorporating an income and expenditure account)
Balance sheet
Notes to the financial statements

The Covent Garden Social and Crafts Centre Association
Reference and administrative infomiation
For the year ended 31 March 2025
Trustees:
Sue Vincent
Laurence Lynch
Kathryn Pimlott
Charity nUm￿r.
276616
Address:
42 Earfham Street
London
2H 9LA
Independent Examlner.
Anthony Epton BA FCA CTA
Goldwins Limited
75 Maygrove Road
Wesi Hampsiead
London
2EG
Banker:
Metro Bank
One Southampton RTr
London
1B5HA
Page | I

The Covent Garden Social and Crafts Centre Association
Report of the Trustees
For the year ended 31 March 2025
The Iruslees P￿sent their report and financial statements for the year ended 31 March 2025. The trustees
have adopted the provisions of Accounkn"ng and Reporb"ng by Charib"es' Statement of Recommended Practice
applicable to charities preparing their accounts in accordance wth the Financral Reporting Standard applicable
in the UK and Republic of Ireland IFRS 102) (effectNe 1 January 2019).
Objects ofthe Charity
The Objects of the AsscKiation are..
al To promte the benefft of the inhabitants of central London. including Covent Garden. St Giles and
Bloomsbury, the area bounded by the Strand, A￿Ch. lthngsway. Great Russell Street and Charing
Cross Road without dists"nction of sex. political. religious or other opinions, by a$s￿latIng the local
authorities. Voluntary organisalions and the inhabitants in a common effort lo advance education
and to provide facilities in the interests of sccial welfare for recreatson. le￿U￿-b"me occupations with
the object of improving the condition of life for said inhabrtants.
bl To maintain and manage. or to Co-operate with any Ictal authority and the Covent Garden
Community Association in the maintenance and management of the Community Centre for activities
promoted by the Associatson and its ￿nStituent todies in fvrtheran￿ of the above objects.
The association shall be non-party in politics and non-sectsrian in relig￿n.
The Association shall have the power to affiliate wtlh the National Federatp)n of Community Associations and
with similar other organisations with similar charitable objects.
Covent Gardgn Community Centre 2024-25 - Twstee Report
The CGCC Trustees are pleased to report a tight Ihough stable year on commercial activitios. as
noted from room hire income that helps subsldisg community events. Howev9r. alongside this
steady hlrlng of space. we have wltngssgd a drastlc decline in bar salès income as people continue
to reduce thelr consumptlon and days 'ln the office.. or move out of London altogethor.
Our thanks go to the Chinese Church and Jusl Add Water for their loyal support over this last year and to
Shaftesburycapital for their generous support of the annual and weekty ￿mmUr*Ity luncheon club with over
3000 attendees. Our thanks to the Shaftesburycapital team who volunteer weekty and who continue to
support the fabulous. infrdmous Christmas lunch.
Other activities this year have fO￿sed on the health. wellbeing and soaal interaction of our over 55's and
sessions include Chair Yoga, Tai Chi, Qi Gong. Tango, Salsa, Sequence and Line Dancing as well as Bridge
and other games. Wth our food panty and finanaal advice service in partnership with the Mary Ward
Centre, we have been able to offer a holistic servKe lo our users. We thank our local Councillors and
Camden Council for the support of Local CIL income to provide panty conten1$. This has been a tough year
financially for many and the activities. food and support provided by CGCC and its partners has been
gratefully received.
Of note this year are the high overheads and repairs and maintenance expenditure. In line wrth households
all our wre costs and bills a￿ rising, and we had to ensure a fiJncty"onal M&E system and relain the quality of
space for hirer5 and the community. Wth his usual foresight Phil Walls has planned ahead and the increase
spend in marketing will. with luck. bear fruf( this coming year. Our appreciation and thanks lo Phil for his
continued alertness and darity in ably steering the CGCC and increasing the acbvities with users. Long May
il last.
Page 12

The Covent Garden Social and Crafts Centre Assoclation
Report of the Trustees
For the year ended 31 March 2025
Rlsk Managemont
The Trustees have assessed the major risks to wh￿h the charity 1$ exp)sed and ale satisfied that the
systems are in pla￿ to mitsgate exposu￿ to those risks.
Financial review
Total income for the charity during the year was £464,305 {2024.. £476,782). Total Expenditure increased to
£465,21712024.. £413.S26). resulting in a deficit for the year of £91212024.. surplus of £63.2561. The charity
has unrestricted reserve$ of £258,905 at the year*nd12024". £259.8171.
Going conc•m
At the present b.me the Trustees have a reasonable expectation that the charity has adequate resources to
continue to operate. For this ￿0¥On, they conts.nue to &Jopt the going concem basis in preparing the financial
statements.
Statement of rtsponslbilities of the trustoes
The trustees are responsible frjr preparing the trustees. annu81 report and the financial statements in
accordance with applicable law and United ￿ngdoM Accounting Standards (United Kingdom Generdlly
Accépted Acwunting Practice).
Trustees are required by law to prepare finanaal statements for each finanaal year which gNe a true and fair
view of the state of affairs of the charity and of the incoming resources and application of resourees, including
the income and expenditure, of the charity for that period. In preparing these financial Statements, the trustees
are required to".
Select SLbftable accounting Foli¢ies and then appty them consistently
ObSe￿e the methods and principles in the Charities SORP
Make judgements arHI estimates that are reasonable and prudent
Stale whether appli¢able UK Accountsng Standards and ststements of re￿rnrnended practice have been
followed, subject to any material departures di￿lOSed and explained in the financial statements
Prepare the financial statements on the going coneem basis unless li is inappropriate to presume that the
charity will continue in operation
The tnjstees are responsible for keeping proper aC￿Unb"ng records that disclose with reasonable accuracy at
any time the financial position of the charity and enable them to ensu￿ that the financial statements comply
with the Statement of Recommended Practice. They are also responsible for safeguarding the assets of the
charity and. hence for taking reasonable steps for the prevention and detection of traud and other irregularities.
The trustees.
nu
Lslslis
port has been approved by the tru$tees on .....
. and signed on their behalf by;
Sue Vincent
Trustee
Laurence Lynch
Trustee
Kath
Trust•C
Pimlott
Pagel 3

Independent examiner's report
To the Trustees of The Covent Garden Social and Crafts Centre Association
For the year ended 31 March 2025
I rewrt on the accounts of the charity for the year ended 31 Math 2025, whKh are set out on pages 5 to 9.
Responslbllltles and basls of report
As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance
with the requirements of the Charities Act 2011 I'the 2011 kl'l.
l ￿pOrt in ￿Spect of my examination of your Charity's a¢¢ounts as Carried OLrt under section 145 of the
Charities Act 20111.the 2011 ACYI. In carrying out ry examination I have followed the di￿tionS given by the
Charity Comrnission under section 14515) Ibl of the 2011 A¢L
Inde￿ndon* examinerfs ststemènt
Since the charity's gross income exceeded £250.000, I confim that l am qualrfied to undertake the examination
because l am a member of the ICAEW, which is one of the listed bodies.
I have completed my examination. I confirn that no matters have come to my attention in Connection with
the examination giving me cause to believe".
aceounling records were not kept in respect of the Trust as required by section 130 of the Att, or
2. the accounts do not accord wrth those records", or
3. the accounts did not comply with the applicable requirements con￿mIng the form and content of
accounts set out in the Charities {Accounts and Reportsl Regulation5 2008 other than any
requiffment that the accounts gtve a 'true and fairf view which is not a matter considered as part of
an independent examination.. or
4. the accounts have not been prepared in accordan￿ with the methods and principles of the
ststemenl of Recommended Practice for accounting and reporting by charrties 8ppIic8ble lo
charities preparing their accounts in accordance with the Finanoal Reporting Standard applicable
in the UK and Republic of Ireland {FRS 1021.
I have no concerns and have come across no other mattets in connection wrth the examination to which
attention should be drawn in this report in order lo enable a proper understsnding of the accounts to be
reached.
Anthony Epton BA. FCA. CTA
Goldwins Limited
Chartered Accountants
75 Maygrove Road
W9St Hampstead
London NW6 2EG
Page14

THE COVENT GARDEN SOCIAL AND CRAFfs CENTRE ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
lincorporating an income and expenditure account)
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Total
funds
Unrestrlded Restricted
funds
funds
Total
funds
Income from:
Donab'ons and Grants
153.954
153.954
74,402
Charitable activities
171.617
171,617
265,041
Investment Income
138 734
138 734
137 339
Total income
464.305
464.305
476,782
Expendlture on:
Charitsble activities
465,217
465.217
413,526
Totsl expenditurn
465,217
465.217
413,526
Net in¢om• I Itxpendlturel belore translers
(9121
19121
63.256
Transfers be￿een fund$
Net income l (expenditure) for the year
{912)
{912)
63.256
Reconclllatlon of funds:
Total funds brought forward
14
259,817
259,817
196,561
Total funds carrled forward
258.905
258,905
259,817
l of the above resutts are derived from rA)nlinuing adiviti85.
There were no other fe¢￿gn￿Zed gains or losses other than those stated atrfjve.
The 8tt8ch6d notès ftsmi part of thèsè finanaal S￿ements.
Page 5

THE COVENT GARDEN SOCIAL AND CRAFfs CENTRE ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2025
2025
2025
2024
2024
Fixed assets:
Tangible assets
10
10,318
10.318
20,513
20,513
Current assets:
Debtors
Stock
Cash at bank and in hand
11
26,086
8,286
245.828
280,200
13,031
7.416
248,685
269,132
Liabilities:
Creditors.. amounts falling due within one year 12
31.613
29,828
Net current assets
248,587
239,304
Total net assets
258,905
259.817
Funds
14
Unrestricted funds:
General funds
258,905
259,817
Totsl funds
258.905
259,817
Approved by the t
and sig
edonth
on
Suo Vincent
L•urence Lynch
Kathry
Plmlott
Trust•8
Trustse
Twsteg
The attached notes fomi part of the financial statements.
Page 6

THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATIOh
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
l Accounting policies
a) Basis of preparation
The financial statements have been prepared in accofdanee with Accounting and Reporting by Charities..
Statement of Recommended Prackn"ce applicable lo charities preparing their accounts in accordance with
the Financial Reportrng Standard applicable in the UK and Republic of I￿land {FRS 102 - effective 1
January 2019}- {Charities SORP FRS 1021 and the Chthes Act 2011.
The eharity meets the definition of a public benefit entsty under FRS 102. Assets and liabilities are initially
recognised al historical cost or transact￿n value unless otherwise staled in the relevant a¢xounling p)licy
or note.
b} Going concgm
The trustees Consider that there a￿ no material uncertainties about the charity's ability to continue as a
going eoneern. The trustees do not consider that there are any sources of estimation uncertainty al the
reporting date that have a S￿n￿Can1 risk of causing a material adjustment to the carying amounts of assets
and liabilities within the next reporting perpjd.
¢1 In¢ome
Income is rxognised when the charity has entitlement to the fijnds. any perfomiance ¢ondits'ons att%hed to
the income have been met, it is probable that the inCc￿e will be receNed and that the amount can be
measured reliably.
Income from government and other grants. whether 'capital' grants or 'revenue' grants. 1$ recognised when
the eharity has entiuement to the funds. any perfomiance eonditions attached lo the grants have been mel.
il is probable that the income will be received and the amount be measured reliabty and is not deferred.
Income received in advan¢e for the provision of speethed service is deferred until the criteria for income
recoonition a￿ mel.
For legacies, entitlement is taken as the eartier of the date on which either.. the charity is aware that probate
has been granted, the estate has been finalised and noltfication has been made by the execulor(sl lo the
charity that a distribution will be made. or when a distribution is receNed from the estate. Receipt of a
lega￿, in whole or in part, is only considered probable when the amounl ean be measured reliably and the
charity has been notified of the executorfs intention lo make a distribution. Where legacies have been
notified lo the charity, or the charity is aware of the granting of probate. and the criteria for income
recoonition have not been mel. then the leoacv is a treated as a Contin￿Trt asset and disclosed rf material.
dl Donatlons of glfts, services and facilities
Donated professional servi￿$ and donated facilities are rwnised as income when the charity has eonlrol
over the item or ￿e1Ved the service. any conditions associated with the donation have been mel, the
receipt of economie benefft from the use by the charity of the ttem is probable and that economic benefit
Can be measured reliabty. In a￿ordanCe with the Ch8fTb"es SORP IFRS 1021, volunteer lime is not
recoonised so refer to the trustees. annual report for more information about their contribulton.
On receipt. donated gifts, professional services and donated facilib.es are recognised on the basis of the
value of the gift lo the charity which is the amount the Charity would have been willing lo pay lo obtain
services or facilities of equivalent economic benefft on the open market,. a corresponding amount is then
recoqnised in expenditure in the pefitrj of receipt.
e) Interest receivablo
Interest on fijnds held on deposil is included when receNable and the amount Can be measured reliably by
the charity.. this is nomialty upon notificat.on of the interest paid or payable ty the bank.
Fund accounting
Unrestricted funds are available to spend on activities that fvrther any of the purposes of charity.
Designated funds are unrestricted fiJnds of the charity which the trustees have decided al their discretion to
set aside lo use for a specific purpose. Restricted ftjnds are donab.ons which the donor has specified ore lo
be solely used for particular areas of the charity's work 01 for specific projects being undertaken by the
charity.
Page 7

THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATIO
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
1 A¢¢ountlnq poli¢ies (Continued)
gl Expendlture and Irrecoverable VAT
Expenditure is recognised once there is a legal or eonstnJth"ve obligation lo make a payment lo a third
party, il is probable that settlement will be required and Ihe arnounl of the oblvJation can be measured
reliably. Expenditure is classified under the following activity headings".
Costs of raising funds comprise of trading ￿St$ and the costs incurred by the charity in inducing third
parties lo make volunlary contribukn'ons lo it. as well as Ihe cost of any activitbes with a frJndraising
purpose.
Expenditure on charitsble aclivrties includes the costs of delivering services and other xlivrties
undertaken lo further the purposes of the Charity and their associated support ￿$ts.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT 1$ ¢harged a$ a ¢osl against the for wh￿h the expendilure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the Wofk of the charity but do not directly undertake charitable
activities. Support costs include back office costs, finance, personnel. payroll and govemance costs which
support the Trusts artistic programmes and activities. These cosls have been allocated between cost of
raising funds and expenditure on charilable ath"vits"es. The bases on which support costs have been
allocated are sel out in note 6.
11 Oporating l•a$8s
Rental charges are charged on a straight line basis over the term of the lease.
jl Tangible fixed assets
Depreciation is provided, after taking aecount of any grants receivable at the follchving annual rates in order
lo write off each asset over rts useful lrfe".
Building Wofk$
10% straKJht line basis
Bar Area Fumishings
20% reducing balance basis
Kitchen Equipment
20% reducing balance basis
C*eTing EqLFipment
20% reducing balance basis
Office Equipment
25% straight line basis
Seven Dials Club Ltd Plant & Machinery 25% straight line basis
k} Debtors
Trade and other debtors are rewgnised at the settlement amount due after any trade discount offered.
Prepayments are valued at the amount prepaid net of any trade discounts due.
l) Cash at bank and in hand
Cash at bank and cash in hand includes cash and short temi highty liquid investments wtth a short maturity
of IhTee months or less from the date of 8equisilion or opening of Ihe deposit or similar account.
ml Creditors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past
event that will probably resurt in the transfer of fvnds tr) a third party and the amount due to settle the
obligation can be measured or estimated reliably. Creditors and provisions are nomally recognised at theif
settlement amount after allowing for any trade discounts due.
n) Financial instrumgnts
The charity onty has financial asset5 and fir￿n¢la4 liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initialty recojnised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequenlty measured at
am0￿.sed cost usinq the effeclwe interest method.
Page 8

THE COVENT GARDEN SOCIAL AND CRAFTS CENTRE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2 Dotalled comparatlves for the statemenl of finan¢ial actlvltles
2024
Unrestricted
2024
Restricted
2024
Total
Income from:
Donations and Grants
Charitable activitses
Investment Income
74,402
265,041
137.339
74,402
2S5,041
137 339
Total income
476.782
476,782
Expèndlture on:
Charitable activities
413526
413526
Total expendilur•
413 $26
413526
Net Income l expenditurn b•forn trnnsfe
Transfers betsveen fijnds
63.256
63,256
Net income l expendlture
Re¢onciliation of funds:
63,256
63,256
Total funds brought foTrvard
Total funds carried fonyard
259817
259 817
3 In¢om• from donations and Grants
2025
Totsl
2024
Total
Unrestricted Restricted
Donations and grants
1S3.954
153.954
74 402
74 402
153 954
4 Income from charitable activities
2025
Totsl
2024
Total
Bar Sales and Catering Income
Assets Transfer from Seven Dials
Total incorno from ¢haritsble a¢tivities
171.617
171.617
251.956
13,085
265 041
171617
171617
5 Inveslmgnt Incorno
2025
Total
2024
Total
Unrestrithd Restricted
Room Hire
138.734
138 734
138 734
137.339
137.339
Page 9

THE COVENT GARDEN SOCIAL AND CRAFfs CETrtnlE ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
6 Analysis of oxpondituro
Basis of
albcation
Charrtable
acbvities
Support
costs
2025
Totsl
2024
Total
Direct Expenses
Temporary Chef & Bar Staff
Salaries & Slate Insuranee
Pension Costs
Staff Training & Recrurtment Costs
Administra*'on
Rent, Rates & SeNice Charges
Repairs. rnaintenan￿ & cleaning
Light and Heat
Insurdnce
Depreciation
Audit & Accountancy Fees
Consultancy Fees
Bank Charges
Inte￿$t paid
Bookkeeping
Donation
Advertising
Direct
Direct
Direct
Direct
Direct
Direct
Usage
Usage
Usage
Usage
Direct
Usage
Usage
Usage
Usage
Usage
Usage
Usage
102.228
16.278
139,550
5.640
663
12,57S
102,228
16,278
139,550
5.640
663
12.575
55.296
74,843
17.677
1.762
10.996
5,435
4,993
6,014
125,504
14,506
120,591
5,156
882
6.625
55,338
38,802
10,473
7,690
6,947
2.550
664
8,155
1S
4,392
5.000
236
413,526
55,296
74,843
17,677
1.762
10,996
5,435
4,993
6,014
4.741
3.590
2936
177.287
4,741
3.590
287.930
465.217
Support costs allocatlon
177,287 (177.287)
Total gxpgnditure 2025
465 217
Total expenditure 2024
413.526
413,526
Of the total expenditure, £465.217 12024.. £413,526) was Unrestr1rt￿ and £Nil12024: Nil) was ￿strIcted.
Page 10

THE COVENT GARDEN SOCIAL AND CIIAFf8 CENTRE ASSOCIATrOP
NOTES TO THE FINANCIAL STATEMENTE
FOR THE YEAR ENDED 31 MARCH 2025
7 Net IMom• I l•xp•ndbtur•l for the ye
2025
2024
This B stsbj after tharuing I l(aBdrtwl'.
OepreryatK)n
Indep8ndÈnl examiners fees
10,996
J,soo
6.947
2,55(1.
8 Analysis of stsff oosts. trus1•• r•mun8ration and exp•r￿, and G¢>st ol key rnanagerKnt perJk)n￿l
costs were as folkTh¥s'.
2025
2024
Salartss and wages
Sooal seojnty o)sts
Empknyerfs 0)rthbthK>n to defined contr*Ulb￿ ptn5bJn sd*mÈs
133.21JO 115.870
6.350
4.721
5.156
145190 125747
No am￿0yea recaNed *7Woy88 t•nefts lexdL*Jw ￿[￿loyer penwnl exceeding £60.OC#) duiino the ye¥r12024. No ernploye¢l.
The totdl employ￿ beneffts inejuding cont1t￿rts aTrJ ￿lOy￿S nath?Ml I￿￿nCe ofthe key m•n•J*Y*nt personngl
re £67.78312024.. £62.3821.
None of the trustees receNed any remuneral*Jn or rewnbvrseff￿nI for anyexpenses durirwJ the (W24.. £nll. No th8rity trustee
receNed payrrEntfor profes$ional or other servths supplk8d to the c*arity12W24.. £nll.
Thera 7 effpb)>ws duriThJ the year12024.' n.
9 Taxa¢lon
The tharty ts exempt from CO￿>[51￿ tax ss all Is In¢ty￿ ar•J forthartabkn PU￿0585.
10 Tanglbl• fix•d as8•ts
Buildin9
Bar Af
Fumkshin
Kitehen Catsying Offl
Seven
qUi￿ent Equiwent Eguipn•nt D6aL8 P&M
Totsl
¢05t
At the start of the year
Additions in year
SP05a1s in year
At the eryl ofthe y*af
55,699
69,413
35.307
5.781
14,201
17,163 197,884
35.307
17964 158365
Depre¢i#tion
At the start of the year
Charge forthe year
Eliminated on disposal
At Ihe end of the year
$5.165
60.135
33,159
430
5.105
135
10,487
3,550
13.020 177.061
4,491
10.996
55 699
33.589
14017
17511 168.047
Net book value
Atth• end ofth• y•ai
541
453
At Ihe start olthe year
534
676
4 143 20 513
l of th8 abo¥e 858ets are used for tharitab￿ purpose5.
Page 11

THE COVENT GARDEN SOCIAL AND CRAFPd CENTRE A88OCIATIO
NOTE5 TO THE FINANCIAL STATEMENT£
FOR THE YUR ENDED 31 MARCH 2025
11 Debto
2023
2024
Trade Debtor
Prepayment
20.103
13.031
12 Qreditorn: 14llinll du¢ within y¢•r
2026
2tr24
Tarde Q￿ditt)r$
other taxes and sooal seojiity cost
Other Credrto
17.868
10,257
3.800
15,456
11,824
2,548
29 828
13 An•ty¥is ol net*¥xls be1*￿n fvnds
Total
funth
Tangib￿ fixed assets
Net current asset5
N•1 a88•18 a¢ th• •nd of th• y•ar
10,318
248 587
10,318
Anatysis of nel assets bet**n lunds 2024
Totsl
fvnds
Tangib￿ fixed assets
Net wrrent as98ts
Net a55ets at the end of th¢ )*ar
20.513
20.513
259817
259817
14 Movemwts in fvnds
At 1 Apnl
2024
At 31 Mar
2025
InLXTh EYpenditur8 Tfan5fe
Un.Restri*d funds
Ge￿ra1 fvnds
259.817
464.305 1465.2171
258.905
Total fvnth
259
17
48$ 217
M¢)vem¢nts in fvrtd$ 2024
At 1 Npn"I
2023
come Ewdilure TTan5fer5
At 31 Mar
2tr24
Un-RestriBtrd funds
General fvTrJs
1¥T.561
476.782 1413.5261
259,817
Total fvnds
196.561
476,782
413,526
259.817
15 Related Pa￿ transaGtions
There were nts r&￿ted party trartr4acl#Jnsdurry th• yearl2W24'. r¥)nel.
Page 12