2023-03-31-accounts - Kingsley Hall Community Centre Limited

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Company number: 1511355 Charity number: 281289

Kingsley Hall Community Centre Limited

(A Charity Company Limited by Guarantee, company number 1511355)

Financial Statements and Trustees' Report

for the year ended 31 March 2023

AT Kingsley Hall Community Centre Limited (A Charity Company Limited by Guarantee, company number 1511355)

Index to the Financial Statements for the year ended 31 March 2023

	Page
Index to the Financial Statements	2
Charitable company Information	3
Trustees' Report	4 - 5
Statement of Trustees' Responsibilities	6
Independent Examiner's Report	7
Statement of Financial Activities	8
Statement of Financial Postion	9
Statement of Cash Flows	10
Accounting Policies	11
Notes to the Accounts	12 - 15

Page 2

AT Kingsley Hall Community Centre Limited (A Charity Company Limited by Guarantee, company number 1511355)

Charitable company Information for the year ended 31 March 2023

Status:	Kingsley Hall Community Centre Limited is a company limited by guarantee and a	Kingsley Hall Community Centre Limited is a company limited by guarantee and a
	registered charity governed by its memorandum and articles of association. The directors
	of the charity are its trustees for the purposes of charity law and throughout this report are
	collectively referred to as the trustees.
Charity name:	Kingsley Hall Community Centre Limited
Company registration number:	1511355
	(England & Wales)
Charity registration number:	281289
Registered office:	Powis Road
	London
	E3 3HU
Operations address:	Powis Road
	London
	E3 3HU
Trustees who held office	Sharon Macbeth
during the year:	Myra Garrett
	Margaret Cade	- Resigned 31 October 2023
	Layeek Miah
	Alice Mackay
	Laura Macbeth
	Mandy Harrilal
	Laraine St Clair
Chair:	Sharon Macbeth
Treasurer:	Alice Mackay
Secretary:	Mandy Harrilal	- Treasurer apointed 28 March 2023)
Independent Examiner:	Anthony Armstrong FCA
	Armstrong & Co
	Chartered Accountants & Statutory Auditor
	4a Printing House Yard
	Hackney Road
	London
	E2 7PR
Bankers:	NatWest Bank plc
	PO Box 3423
	161 Bow Road
	London E3 2SG

Page 3

(A Charity Company Limited by Guarantee, company number 1511355)

AT Kingsley Hall Community Centre Limited

Trustees' Report, incorporating the Directors' Report for the year ended 31 March 2023

The Management Committee, who are directors of the Company for the purposes of the Companies Act, and trustees for charity law purposes, submit their annual report and the financial statements of Kingsley Hall Community Centre for the year ended 31 March 2023.

Structure, governance and management

Governing Document

Kingsley Hall Community Centre Limited is a company limited by guarantee, incorporated on 7 August 1980 and registered as a charity on 14 November 1980. The company was established under a Memorandum of Association which established the objects and powers of the company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1 each.

Trustees

The Trustees of the charity who held office during the year are disclosed on page 3.

Objectives and activities

The Charity's objects (the Objects) are:

to promote the benefit of the inhabitants of the London Borough of Tower Hamlets without reference to sex or race or political, religious or other opinions by co-operating with local authorities, voluntary organisations and inhabitants in a common effort to advance education, and to provide facilities in the interest of social welfare for recreation and leisure time occupation, with the object of improving the conditions of life for the said inhabitants;
to establish or to secure the establishment of a community centre and to maintain and manage and/or to co-operate with any local, voluntary or statutory authority in the maintenance of such a centre for activities promoted by the Centre and its constituent bodies in the furtherance of the objects; and
to maintain and enhance the fabric of Kingsley Hall, a listed building, to maintain and preserve the heritage of Kingsley Hall, and to maintain and preserve the Gandhi Cell (the small room Gandhi stayed in on the top floor) as an historical place of peace.

Acheivements and performance

Kingsley Hall has benefited from the legacy left to the Charity by Amy Minnie White and her husband James Victor White. The legacy has been spent on upgrading the Centre. A hearing loop and new amplifier installed and acoustic panels in the Main Hall. The Kitchen was completely renovated. Finally in 2023 all the roofs have been replaced, this has been a long process with many quotes.

The longer term strategy for the Centre has been discussed and possible future partnerships and this process will continue. The building now needs repairs after leakage onto the first floor. However activities on the Ground Floor have taken off again after the Centre was closed for much of 2020 and 2021 due to the pandemic. The Church, Horeb left during the restrictions but came back in the summer of 2022. At the moment youth activities are restricted until the first floor Youth Hall is renovated. London Jaguars had a winter programme downstairs.

Financial Review

Results for the year

The results of the period and financial position of the charity are shown in the annexed financial statements.

The Statement of Financial Activities shows net expenditure for the year of £18,891 and reserves of £296,516.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 7 to the accounts.

Reserves Policy

The trustees consider that a target of holding a minimum of 12 months income as a general reserve is appropriate for the charity.

Page 4

(A Charity Company Limited by Guarantee, company number 1511355)

AT Kingsley Hall Community Centre Limited

Trustees' Report, incorporating the Directors' Report

for the year ended 31 March 2023

Independent Examiner

The Independent Examiner, Anthony Armstrong FCA of Armstrong & Co, has indicated his willingness to be proposed for reappointment.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Trustees on 27 March 2024 and signed on its behalf by:

Sharon Macbeth Trustee

Page 5

(A Charity Company Limited by Guarantee, company number 1511355)

AT Kingsley Hall Community Centre Limited

Statement of Trustees' Responsibilities for the year ended 31 March 2023

The trustees (who are the directors of Kingsley Hall Community Centre Limited for the purpose of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

a) Select suitable accounting policies and apply them consistently;
b) Observe the methods and principles in the Charities SORP;
c) Make judgements and estimates that are reasonable and prudent;
d) Follow applicable accounting standards and statements of recommended practice, subject to any material departures disclosed and explained in the accounts;
e) Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006 and charity legislation. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 6

(A Charity Company Limited by Guarantee, company number 1511355)

AT Kingsley Hall Community Centre Limited

Independent Examiner's Report to the Trustees of Kingsley Hall Community Centre Limited

I report on the accounts of Kingsley Hall Community Centre Limited for the period from 1 April 2022 to 31 March 2023, which are set out on pages 8 to 15.

This report is made solely to the trustees as a body in accordance with section 145 of the Charities Act 2011 (the Charities Act) and regulations made under section 154 of that Act. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the company and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Respective responsibilities of trustees and examiner

As described on page 6, the trustees (who are also the directors of the company for the purposes of company law) 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 the Charities Act and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

a) examine the accounts under section 145 of the Charities Act;
b) 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
c) to state whether particular matters have come to my attention.

Basis of independent examiner's statement

My examination was carried out in accordance with the 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 which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 386 of the Companies Act 2006 Act, or
the accounts do not accord with such records; or
the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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, or
the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I 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.

Anthony Armstrong FCA, Independent Examiner of Armstrong & Co Chartered Accountants & Statutory Auditor Dated: 27 March 2024

4a Printing House Yard Hackney Road London E2 7PR

Page 7

(A Charity Company Limited by Guarantee, company number 1511355)

FS Kingsley Hall Community Centre Limited

Statement of Financial Activities

incorporating the income and expenditure account for the year ended 31 March 2023

Notes Income from: Donations and legacies 3 Other trading activities 4 Total income Expenditure on: Charitable activities 5 Total expenditure Net income/(expenditure) and movement in funds Reconciliation of funds: Total funds brought forward 11 Total funds carried forward 11			2023 2022 Total Funds Total Funds £ £ - 10,351 30,153 3,119 30,153 13,470 49,044 60,971 49,044 60,971 (18,891) (47,501) 315,407 362,908 296,516 315,407
	Unrestricted ~~Funds~~	Restricted ~~Funds~~
	£ - 30,153	£ - - - 40 40 (40) 3,158 3,118
	30,153
	49,004
	49,004
	(18,851) 312,249
	293,398

All incoming resources and resources expended are derived from continuing activities. The statement of financial activities incorporates an income and expenditure account. The accompanying accounting policies and notes form an integral part of these financial statements.

Page 8

(A Charity Company Limited by Guarantee, company number 1511355)

Kingsley Hall Community Centre Limited

Statement of Financial Postion as at 31 March 2023

		31 March 2023	31 March 2023	31 March 2022	31 March 2022
	Notes	£	£	£	£
Fixed assets:
Tangible assets	7		200,512		208,837
Total fixed assets			200,512		208,837
Current assets:
Debtors	8	3,714		4,403
Cash at bank and in hand	9	95,265		108,074
Total current assets		98,979		112,477
Creditors: amounts falling due within one year	10	2,975		5,907
Net current assets/(liabilities)			96,004		106,570
Total net assets			296,516		315,407
The funds of the charity:
Restricted income funds	15		3,118		3,158
Unrestricted funds	13		293,398		312,249
Total charity funds	17		296,516		315,407

The directors are satisfied that the company is entitled to exemption from audit under Section 477 of the Companies Act 2006 and that no member or members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

(i) ensuring that the company keeps proper accounting records which comply with Section 386 of the Companies Act 2006; and

(ii) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of the financial year and of its surplus or deficit for the financial year in accordance with the requirements of Section 394 and 395 of the Companies Act 2006, and which otherwise comply with the requirements of this act relating to accounts, so far as applicable to the charitable company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard 102.

The financial statements were approved by the Board of Trustees on 27 March 2024 and signed on its behalf by:

Sharon Macbeth Trustee

The notes on pages 11 to 15 form part of these accounts.

Page 9

Kingsley Hall Community Centre Limited

(A Charity Company Limited by Guarantee, company number 1511355)

Statement of Cash Flows for the year ended 31 March 2023

Notes Cash flows from operating activities: Net cash provided by/(used in) operating activities 1 Cash flows from investing activities: Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period 2 Cash and cash equivalents at the end of the reporting period 2 Notes to the Cash Flow Statement 1) Adjustments for: Depreciation charges (Increase)/decrease in debtors Increase/(decrease) in creditors Net cash provided by/(used in) operating activities 2) Analysis of cash and cash equivalents Cash in hand Total cash and cash equivalents Reconciliation of net income/(expenditure) to net cash flow from operating activities Net income/(expenditure) for the reporting period (as per the statement of financial activities)	2023 £ (12,809) (12,809) 108,074 95,265 2023 £ (18,891) 8,325 689 (2,932) (12,809) 2023 £ 95,265 95,265	2022 £ (34,117)
		(34,117) 142,191
		108,074
		2022 £ (47,501) 9,042 13,247 (8,904)
		(34,117)
		2022 £ 108,074
		108,074

Page 10

(A Charity Company Limited by Guarantee, company number 1511355)

Kingsley Hall Community Centre Limited

Accounting Policies

for the year ended 31 March 2023

Basis of preparation

The financial statements have been prepared in accordance with:

a) Applicable UK accounting standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)'.
b) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP FRS 102);
c) the Companies Act 2006.
d) the Charities Act 2011.

Public benefit entity

The charitable company meets the defination of a public benefit entity under FRS 102.

Going concern

The company's income is mainly derived from rental income and other non self generated sources, such as grants, local authority funding and other government sources. The trustees consider that there are no material uncertainties about the likelihood that this support will continue and accordingly, the accounts have been prepared on a going concern basis.

Income recognition

Income is recognised when the company has a contractual or other right to its receipt, it is probable that the income will be received and that the amount can be measured reliably. Income with conditions attached to its receipt is recognised when those conditions have been fulfilled.

Voluntary income received by way of donations and gifts is included in full when received.

Expenditure recognition

Expenditure is accrued as soon as a liability is considered probable, and the amount of obligation can be measured reliably. The charity is not registered for VAT and accordingly expenditure includes VAT where appropriate. Charitable expenditure includes those costs expended in fulfilling the charity’s principal objects, as outlined in the Report of the Trustees. These include grants payable, governance costs and an apportionment of support costs.

Costs are allocated directly to projects where they can be identified as relating solely to that project. Other costs are allocated between the funds based on staff time spent on the fund activities or other appropriate criteria.

Restricted Funds

Restricted funds are to be used for specified purposes as laid down by the funder. Direct and support expenditure which meets these criteria are identified to the fund together with a fair allocation of other costs.

Unrestricted Funds

Unrestricted funds are funds received which have no restrictions placed on their use and are available as general funds.

Designated Funds

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

Pensions

The charity operates defined contribution schemes which are administered by outside independent pensions providers. Contributions payable for the year are charged to the Statement of Financial Activities.

Tangible Fixed Assets

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Buildings - 2% on cost Equipment - 25% on reducing balance

Page 11

F Kingsley Hall Community Centre Limited (A Charity Company Limited by Guarantee, company number 1511355)

Notes to the Accounts for the year ended 31 March 2023

1 Incoming resources

The incoming resources and deficit are attributable to the principal activities of the charity.

2 Net outgoing resources


Net outgoing resources Net outgoing resources are stated after charging: Independent Examiner's fees - examination services Depreciation - owned assets Trustees' emoluments	2023 £ 1,200 8,325 -	2022 £ 1,200 9,042
		-

Trustees' emoluments

Emoluments include salaries, fees, bonuses, expense allowances and estimated non-cash benefits receivable. All trustees serve in a voluntary capacity and do not receive payment for their services.

3 Income from donations and legacies Grant income 4 Income from other trading activities Lettings Hall Hire	Unrestricted £ - - Unrestricted £ 1,560 28,593 30,153	Restricted £ - - Restricted £ - - -	2023 Total £ - - 2023 Total £ 1,560 28,593 30,153	2022 Total £ 10,351
				10,351
				2022 Total £ 1,560 1,559
				3,119

5 Expenditure on charitable activities Unrestricted £ Staff salaries 15,754 Staff pensions 361 Rates 712 Light & heat 16,623 Maintenance 626 Telephone 733 Insurance 3,989 Bad debts - Bank charges 72 Sundry expenditure 129 Depreciation: Land and buildings 6,173 Depreciation: Office equipment 2,112 Independent Examination 1,200 Accountancy services 520 49,004 6 Staff costs Staff salaries Staff social security Staff pensions Employees paid in excess of £60,000 during the current year and previous year: Average number of employees during the year was:	Restricted £ - - - - - - - - - - - 40 - - 40	2023 Total £ 15,754 361 712 16,623 626 733 3,989 - 72 129 6,173 2,152 1,200 520 49,044 2023 £ 15,754 - 361 16,115 2 None	2022 Total £ 22,326 568 743 5,254 2,408 1,160 3,954 12,000 598 1,038 6,173 2,869 1,200 680
			60,971
			2022 £ 22,635 - 568
			23,203
			2
			None

Page 12

(A Charity Company Limited by Guarantee, company number 1511355)

F Kingsley Hall Community Centre Limited

Notes to the Accounts

for the year ended 31 March 2023

for	the year ended 31 March 2023
7 8 9 10 11 12	Tangible fixed assets Tangible 1 £ Cost As at 1 April 2022 - As at 31 March 2023 - Depreciation As at 1 April 2022 - Charge for the year - As at 31 March 2023 - Net book value As at 31 March 2023 - As at 31 March 2022 - Debtors: amounts falling due within one year Operating debtors Prepayments Bank and cash in hand Bank current account Creditors: amounts falling due within one year Payroll taxes Net salaries Pensions liability Accrued expenses The funds of the charity: current year Restricted funds Restricted income funds Unrestricted funds Designated funds General funds Total unrestricted funds The funds of the charity: prior year Restricted funds Restricted income funds Unrestricted funds Designated funds General funds Total unrestricted funds	Tangible 2 £ - - - - - - - Opening balance £ 3,158 208,679 103,570 312,249 315,407 Opening balance £ 3,211 217,668 142,029 359,697 362,908	Fixtures & equipment £ - - - - - - - Resources arising £ - - 30,153 30,153 30,153 Resources arising £ 10,351 - 3,119 3,119 13,470	Land & buildings £ 617,349 617,349 417,120 6,173 423,293 194,056 200,229 Resources utilised £ (40) (8,285) (40,719) (49,004) (49,044) Resources utilised £ (10,404) (8,989) (41,578) (50,567) (60,971)	Equipment £ 60,406 60,406 51,798 2,152 53,950 6,456 8,608 2023 £ 1,040 2,674 3,714 2023 £ 95,265 95,265 2023 £ 214 1,438 120 1,203 2,975 Other movements £ - - - - - Other movements £ - - - - -	Total £ 677,755
						677,755
						468,918 8,325
						477,243
						200,512
						208,837
						2022 £ 1,553 2,850
						4,403
						2022 £ 108,074
						108,074
						2022 £ 490 2,815 120 2,482
						5,907
						Closing balance £ 3,118 200,394 93,004
						293,398

						296,516
						Closing balance £ 3,158 208,679 103,570
						312,249

						315,407

Page 13

(A Charity Company Limited by Guarantee, company number 1511355)

F Kingsley Hall Community Centre Limited

Notes to the Accounts

for the year ended 31 March 2023

Designated funds: current year Fixed asset fund Designated funds: prior year Fixed asset fund	Designated funds: current year Fixed asset fund Designated funds: prior year Fixed asset fund	Closing balance £ 200,394
		200,394
		Closing balance £ 208,679
		208,679

Fixed asset fund	This fund represents the amount of charity funds locked up in freehold land and buildings and other fixed assets which are needed for operational purposes. The funds are carried at the net book value of the fixed assets at the balance sheet date, after deducting any outstandingloans, endowment funds or restricted funds used to finance their acquisition.

15 Restricted funds: current period Heritage Lottery Goldman Sachs 16 Restricted funds: prior period Coronavirus Job Retention Scheme - (CJRS) Heritage Lottery Goldman Sachs	Opening balance £ 158 3,000 3,158 Opening balance £ - 211 3,000 3,211	Incoming resources £ - - - Incoming resources £ 10,351 - - 10,351	Resources expended £ 40 - 40 Resources expended £ 10,351 53 - 10,404	Transfers & gains/(losses) £ - - - Transfers & gains/(losses) £ - - - -	Closing balance £ 118 3,000
					3,118
					Closing balance £ - 158 3,000
					3,158

Restricted funds (continued)

Projects financed by restricted funds are supported by unrestricted funding where necessary. This occurs where the funding is in arrears or the incidence of expenditure on the project occurs disproportionately at the beginning of the project compared to the income flows. Where restricted projects end the year with a deficit, this is met by after year-end restricted income or transfers from unrestricted funds.

Heritage Lottery Heritage Lottery was a grant provided for a major heritage project, "Kingsley Hall and the Legacy of Muriel Lester". The project preserved and archived the personal papers of its cofounder, Muriel Lester, and is making the history of Kingsley Hall and the Lester sisters accessible to everyone. Goldman Sachs Funds received for roof repairs.

17 Net assets attributable to funds: current period Tangible fixed assets Current assets Current liabilities Net assets represented by funds 18 Net assets attributable to funds: prior period Tangible fixed assets Current assets Current liabilities Net assets represented by funds	General funds - 95,979 (2,975) 93,004 General funds - 109,477 (5,907) 103,570	Designated funds £ 200,394 - - 200,394 Designated funds £ 208,679 - - 208,679	Restricted funds £ 118 3,000 - 3,118 Restricted funds £ 158 3,000 - 3,158	Endowment funds £ - - - - Endowment funds £ - - - -	Total £ 200,512 98,979 (2,975)
					296,516
					Total £ 208,837 112,477 (5,907)
					315,407

Page 14

(A Charity Company Limited by Guarantee, company number 1511355)

F Kingsley Hall Community Centre Limited

Notes to the Accounts

for the year ended 31 March 2023

19 Taxation

The company is a registered charity. Accordingly, it is exempt from taxation in respect of income and capital gains to the extent that these are applied to its charitable objects.

20 Post balance sheet events

There were no significant post balance sheet events.

21 Pension commitments

The charitable company contributes to employees defined contribution stakeholder pension schemes. The assets of the schemes are held separately from those of the charitable company in an independently administered fund.

The unpaid contributions outstanding at the year end were:

	2023		2022
£	120	£	120

22 Contingent liabilities

The charitable company had no material contingent liabilities at 31 March 2023 nor at 31 March 2022.

23 Related parties

There were no disclosable related party transactions during the year.

24 Transactions with trustees

There were no material transactions with the trustees during the year.

25 Gifts in kind and volunteers

During the year the charitable company benefited from unpaid work performed by volunteers.

26 Company status

The company is limited by guarantee and has no share capital. The guarantors liability in the event the company is wound up is restricted to a maximum of £1 each.

Page 15