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2024-03-31-accounts

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 2024

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 2024

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 - 16

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 2024

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 - Deceased 11 December 2024
Layeek Miah
Alice Mackay
Laura Macbeth
Mandy Harrilal
Laraine St Clair - Resigned 11 June 2024
Mike Parsons - Appointed 11 June 2024
Chair: Sharon Macbeth
Treasurer: Mandy Harrilal
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 2024

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:

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 finally replacing all the roofs in spring and summer 2023. On the Extension a new dome was fitted, the previous dome from 1984 had corroded in the Sunlight. On the top floor a major decision needed to be made, after many quotes it was decided to keep the asphelt on the two walkways (Believed to be original with the building) and cover it with a plastic and grit. On the main roof 2 felt layers were used.

Community Food Growers Network raised funds so that they could have many meetings at Kingsley Hall, and they are interested in working together with Kingsley Hall. London Jaguars continue to have a very well attended 10 day long Christmas programme, the Gandhi Foundation have started holding events at Kingsley Hall again. Regular events continue, the Cafe team, the Needlework Group, Bangladeshi Women's Group and HOREB Church also contributed in a variety of ways in the maintenance of the Centre. A large community event was held in the summer to welcome new people to the Centre.

The building still needs major repairs before the whole Centre can be used by the public, some ceilings need replacing on the first floor, the central heating needs further work, and the toilets need renovation.

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 £86,783 and reserves of £209,733.

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 6 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 2024

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 28 March 2025 and signed on its behalf by:

Sharon Macbeth Trustee

Page 5

AT Kingsley Hall Community Centre Limited

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

Statement of Trustees' Responsibilities for the year ended 31 March 2024

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:

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

AT Kingsley Hall Community Centre Limited

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

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 2023 to 31 March 2024, which are set out on pages 8 to 16.

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:

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:

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 4a Printing House Yard Chartered Accountants & Statutory Auditor Hackney Road London Dated: 28 March 2025 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 2024

Notes
Income from:
Other trading activities
3
Total income
Expenditure on:
Charitable activities
4
Total expenditure
Net income/(expenditure) and movement in funds
Reconciliation of funds:
Total funds brought forward
10
Total funds carried forward
10		 2024
2023
Total Funds
Total Funds
£
£
28,690
30,153
28,690
30,153
115,473
49,045
115,473
49,045
(86,783)
(18,892)
296,516
315,408
209,733
296,516
Unrestricted
Funds		 Restricted
Funds
£
28,690		 £
-
-
30
30
(30)
3,118
3,088
**28,690 **
115,443
115,443
(86,753)
293,398
206,645

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 2024

Notes
Fixed assets:
Tangible assets
6
Total fixed assets
Current assets:
Debtors
7
Cash at bank and in hand
8
Total current assets
9
Net current assets/(liabilities)
Total net assets
The funds of the charity:
Restricted income funds
14
Unrestricted funds
12
Total charity funds
16
Creditors: amounts falling due within one year		 £
£
£
£
192,695
200,512
192,695
200,512
3,800
3,714
18,383
95,265
22,183
98,979
5,145
2,975
17,038
96,004
209,733
296,516
3,088
3,118
206,645
293,398
209,733
296,516
31 March 2024
31 March 2023		 £
£
£
£
192,695
200,512
192,695
200,512
3,800
3,714
18,383
95,265
22,183
98,979
5,145
2,975
17,038
96,004
209,733
296,516
3,088
3,118
206,645
293,398
209,733
296,516
31 March 2024
31 March 2023
£
3,800
18,383
22,183
5,145		 £
200,512
200,512
96,004
296,516
3,118
293,398
296,516

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 28 March 2025 and signed on its behalf by:

Sharon Macbeth Trustee

The notes on pages 11 to 16 form part of these accounts.

Page 9

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

Kingsley Hall Community Centre Limited

Statement of Cash Flows

for the year ended 31 March 2024

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)		 2024
£
(76,882)
(76,882)
95,265
18,383
2024
£
(86,783)
7,817
(86)
2,170
(76,882)
2024
£
18,383
18,383		 2023
£
(12,811)
(12,811)
108,076
95,265
2023
£
(18,892)
8,325
689
(2,933)
(12,811)
2023
£
95,265
95,265

Page 10

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

Kingsley Hall Community Centre Limited

Accounting Policies

for the year ended 31 March 2024

Basis of preparation

The financial statements have been prepared in accordance with:

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

(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 2024

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		 2024
£
1,200
7,817
-		 2023
£
1,200
8,325
-

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.

Income from other trading activities
Lettings
Hall Hire
Sundry income		 Unrestricted
£
-
28,610
80
28,690		 Restricted
£
-
-
-
-		 2024
2023
Total
Total
£
£
-
1,560
28,610
28,593
80
-
28,690
30,153
Expenditure on charitable activities
Staff salaries
Staff pensions
Rates
Light & heat
Maintenance
Telephone
PPS
Insurance
Bank charges
Sundry expenditure
Depreciation: Land and buildings
Depreciation: Office equipment
Independent Examination
Accountancy services		 Unrestricted
£
20,605
464
1,435
8,989
69,719
493
82
3,850
87
212
6,173
1,614
1,320
400
115,443		 Restricted
£
-
-
-
-
-
-
-
-
-
-
-
30
-
-
30		 2024
2023
Total
Total
£
£
20,605
15,755
464
361
1,435
712
8,989
16,623
69,719
626
493
733
82
-
3,850
3,989
87
72
212
129
6,173
6,173
1,644
2,152
1,320
1,200
400
520
115,473
49,045
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:		 2024
£
20,605
-
464
21,069
2
None		 2023
£
15,754
-
361
16,115
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 2024

6
Tangible fixed assets
Tangible 1
Tangible 2
Fixtures &
equipment
£
£
£
Cost
As at 1 April 2023
-
-
-
As at 31 March 2024
-
-
-
Depreciation
As at 1 April 2023
-
-
-
Charge for the year
-
-
-
As at 31 March 2024
-
-
-
Net book value
As at 31 March 2024
-
-
-
As at 31 March 2023
-
-
-
7
Debtors: amounts falling due within one year
Operating debtors
Prepayments
8
Bank and cash in hand
Bank current account
Petty cash
9
Creditors: amounts falling due within one year
Payroll taxes
Net salaries
Pensions liability
Accrued expenses		 Land &
buildings
£
617,349
617,349
423,293
6,173
429,466
187,883
194,056		 Equipment
£
60,406
60,406
53,950
1,644
55,594
4,812
6,456
2024
£
1,040
2,760
3,800
2024
£
18,499
(116)
18,383
2024
£
(1)
(376)
-
5,522
5,145		 Total
£
677,755
677,755
477,243
7,817
485,060
192,695
200,512
2023
£
1,040
2,674
3,714
2023
£
95,265
-
95,265
2023
£
214
1,438
120
1,203
2,975

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 2024

10
11
12
13
14
**15 **		 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
Designated funds: current year
Fixed asset fund
Designated funds: prior year
Fixed asset fund		 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
Designated funds: current year
Fixed asset fund
Designated funds: prior year
Fixed asset fund		 Opening
balance
£
3,118
200,394
93,004
293,398
296,516
Opening
balance
£
3,158
208,679
103,570
312,249
315,407
Opening
balance
£
200,394
200,394
Opening
balance
£
208,679
208,679		 Resources
arising
£
-
-
28,690
28,690
28,690
Resources
arising
£
-
-
30,153
30,153
30,153
Resources
arising
£
-
-
Resources
arising
£
-
-		 Resources
utilised
£
(30)
(7,787)
(107,656)
(115,443)
(115,473)
Resources
utilised
£
(40)
(8,285)
(40,719)
(49,004)
(49,044)
Resources
utilised
£
7,787
7,787
Resources
utilised
£
8,285
8,285		 Other
movements
£
-
-
-
-
-
Other
movements
£
-
-
-
-
-
Transfers &
adjustments
£
-
Transfers &
adjustments
£
-
-		 Closing
balance
£
3,088
192,607
14,038
206,645
209,733
Closing
balance
£
3,118
200,394
93,004
293,398
296,516
Closing
balance
£
192,607
192,607
Closing
balance
£
200,394
200,394
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
outstanding loans, endowment funds or restricted funds used to finance their acquisition.
Restricted funds: current period
Heritage Lottery
Goldman Sachs
Restricted funds: prior period
Heritage Lottery
Goldman Sachs		 Opening
balance
£
118
3,000
3,118
Opening
balance
£
158
3,000
3,158		 Incoming
resources
£
-
-
-
Incoming
resources
£
-
-
-		 Resources
expended
£
30
-
30
Resources
expended
£
40
-
40		 Transfers &
gains /
(losses)
£
-
-
-
Transfers &
gains /
(losses)
£
-
-
-		 Closing
balance
£
88
3,000
3,088
Closing
balance
£
118
3,000
3,118

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 2024

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.

16 Net assets attributable to funds: current period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds
17 Net assets attributable to funds: prior period
Tangible fixed assets
Current assets
Current liabilities
Net assets represented by funds		 General
funds
(4,488)
23,670
(5,144)
14,038
General
funds
-
95,979
(2,975)
93,004		 Designated
funds
£
192,607
-
-
192,607
Designated
funds
£
200,394
-
-
200,394		 Restricted
funds
£
4,576
(1,488)
-
3,088
Restricted
funds
£
118
3,000
-
3,118		 Endowment
funds
£
-
-
-
-
Endowment
funds
£
-
-
-
-		 Total
£
192,695
22,182
(5,144)
209,733
Total
£
200,512
98,979
(2,975)
296,516

18 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.

19 Post balance sheet events

There were no significant post balance sheet events.

20 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.

2024 2023
The unpaid contributions outstanding at the year end were: £ - £ 120

21 Contingent liabilities

The charitable company had no material contingent liabilities at 31 March 2024 nor at 31 March 2023.

22 Related parties

There were no disclosable related party transactions during the year.

23 Transactions with trustees

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

24 Gifts in kind and volunteers

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

Page 15

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

for the year ended 31 March 2024

F Kingsley Hall Community Centre Limited

Notes to the Accounts

25 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 16

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