COIAPANY REGISTRATION NUIIBER: 085T2W26 CHARITY REGISTRATION NUMBER: 287863 THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Unaudited Financial Statements 31 March 2025 *AEW3JM• 2PI11rd025 COMPANIES HOUSE
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THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Financial Statements Year ended 31 March 2025 Page Trustees. annual report (incorporaling the directorfs report) Independent examinerfs rew)rt to the trustees Stalement of financi activities (including income and expenditure account) Statement of financial position Notes to the linancial stalements
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Truste•s' Annual Report (Incorporating the Direclor's Report) Year ended 31 March 2025 The trustees, who are also the directors f the rPS 01 company law. presfrnl ththr repxjrt and the unaudited linanO stalemgnts of the thaiiiy for Ihe year 31 March 2025. Refernnce and ¥mlnistralive det•il$ Regl$lered ¢harbty nom• ThE ST MICHAEL'S COMMUNrrY CENTRE Charity regislr•tlgn number 287883 Compony reg!str•iiop number 08572926 Principal office aDd registered Desmond Street office New Cross Lon(knn SE14 fAIF The Irusteeg Sharon PaLA (Chairl Marion Williams Rustum Erwbeta Irmlependenl e¥amlner Lofair Layl FCCA Structure. govern•nc• and managwnenl Iruslees are rosponsible for the management ol risks faced by Ihe charity. The prirKiple risks h'e in the area ol safeguardmg chikj protectlorb and the need lo ensure the continued luThJing ol the activities. The keys controls ¢m0Ye{l are.. - formal agendas tty trustees a1 c(xnrnittee meetings.. . comprel)ensive Strateg ann1r. bJOJetiNJ margement ac¢rAJnb"ng: - establishing lines ol reporting aThJ organisalional slructurir - clear authori¥iDo arm! written Folic
THE ST MICHAEL'S COMMUNITY CENTRE Company Limiled by Guaranlee Trustees. Annual Report (Incorporating the Director's Report) (¢OntInO} Year ended 31 March 2025 Objectives and a¢tivttles The charitys c¥eGts ar)d Tts nCIpal. a¢b"vty CMtiiwJes to t that ol dIng after schc<Jl care for the k)cal commurnty wllhkn the New Cross are& Athigvemenls and porfomianca The Centre coniinues lo provth the mL¢h after SC1K) Club faclities lo the local cornmunity. Financlal r•¥1 FollowirvJ the closure ol the nursery. the trustees l*Ve that the centre can survive wilh the conlinued $upF of Si James. Church. The maior 110r is St James. Church arK1 therefore the accounis have been prepared on a a goiNJ (x)n¢ern basLS. Small mnY provlslons This report has been prepare(l in accorfarKe with the provi5b)n5 qrpltcatle to companies entttled to the small CoMpanS qxempts'on. The trustees, annual report vas apwov&l on 19 November 202S armj signed on behall of the b)ard of trustees by.. Sharon Paul IChaiT) Truslee
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Independent Examinerfs Report to the Trustees of THE ST MICHAEL'S COMMUNrrY CENTRE Year ended 31 March 2025 I report lo the trustees on my examinatK)n ol the finala1 statsments ol THE ST MICHAEL'S COMMUNITY CENTFIE Ilhe charty) for the year ended 31 March 2025. Reswnsibili118¥ and basis of roport As the trustees of Ihe company also its ¢JlrtttO for 1he purposes ot company lawl yw are resw)nsible lor tha Fffeparatrjn of the finanekal stsiements li a{x0rda th Ihe requirements ol Ihe Companies Act 26 Ilhe 2¢X16 Act'l. Having satisfied myself that the accounts of the c(mpany are not required to be audited linder Part 16 01 the 2006 Act and are elighb for indeFendent examinaiion, l Tep)fl in respect of my examination ol the charity's accounts as carried OLrt under sectKJn 145 of the Charities Act 2011 lthe 2011 Act'l. In carrwNJ out my examinatiM I have lolloKed the Direr gNen by the Chanty Commission under sectron 14515llbl of the 2011 Act. Independenl ex•mlnorf$ sLitemenl I have completed my examination. I wnlirm that rn matrers have come to my attentkjn in connectron writh the examination me cause to believe: a¢¢ountiNJ rerdS were not kept in Fect of fv charity as required by section 386 01 the 2006 Act.. or the financial Statements do not accord tAtyth records.. or the financial slatements do not comply wlh the accounting requirements o15eclion 396 01 the 2006 kl olhef than any requiremenl that the accounts gNe a'truo and lairf view which is Th)1 a matter Co1¢rd as part ol an indepeThJent examination.. ¢y the financial statements have rnt been prepared in accordarbce the methods and principles ol the Statement of Recommetxjed Prac lor ac¢ounkn'rrfJ aThJ rerx)rtiro by charifies appIe io charnies preparing their accounts in accordance 7Mth the Financial ReFO"ng Standard ap.plicable in the UK arKJ ReLI ol IreLarxl {FRS 1021. I have no concerrs have come across rn ott)er matters i) connection with the examination to which attention shoukl drawn report in order to erNqble a Fyoper Lrh*rstandiro of the accounts to be reach&J. Loraine Layt Indepen CA Exa La Kaye Norwood High London SE27 9J tree 19 Novembel 2025
THE ST MICHAEL'S COMMUNITY CENTRE Company Limiled by Guarantee Slalemenl of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2024 Unrestrthd Restricted funds funds Total funds Total lu Income and endowments Donations an¢ legacies Other tradiThJ activities Investment incomg 31.075 31,075 60,430 60,430 30,221 72 Total incom• 60,430 31.075 91,505 30,293 Expendlture Expenditure on chgritable actrvthes T¢lal expgnditur• 45.471 31.075 76,546 31.223 45.471 31,075 76.546 31,273 Net incomel{•xpondilurel and net movement in funds 14.959 14,959 19301 Reconclllatlon ol funds Toial funds brought forward Total funds urrigd foTh¥ard 114.4261 533 114.4261 113,4961 114,4261 The statemenl of fy'nancial actswtses •rdeS 1 gains and k)$ rg¢oJntsI in the year. All income and expgr@ityr9 deiNe lion witinuirg aCbvits. Th• notes on p•g•$ 6 10 12 lomi part otthese financial st•tem•nis.
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Slatement of Financial Position 31 March 2025 2024 Fixed assets Ta18 fixed assèts 13 Current assels Cash at bank and in hand 24.964 11. Creditors: amouDts falling due wllhln y Net current aTAets 14 2.805 2,6C6 9,orJ) 9.001 22.159 Total assots less ¢urrent Ilabiltti8s 22,160 Creditors: amauryt$ lalmng due after more th•n one year 15 21.627 23,427 114.4261 Nel ass91$ Funds ol tho cl Unrestricted lufjds Total charlty lund8 533 114.4261 114.426) 16 533 For the year endiw 31 March 2025 the charity was enlilled to exemption from audit uThJer sectton 477 01 the Companies Aci 2fM)6 relating to small rnmpanbes. Directors, respon5llxlities: The member$ have not required the MpanY to obtain an audit ot its financol statement5 lor the year in questton in accordanee wth sectK)n 476.. The direclor8 acknowknjge their responsitilities for (x)mtAying *ith the requirements ol fv Act Mth respect io awuntiTh) records and the pparat)n ot fin1 staiements. These financial Stalements have been in aCCordare the provIonS a0ble lo Companies subjKt to the sffjal companies, reg'me. These financial siatements were approved ty the board trustees aff aulhorised for issue on 19 Novembef 2015. an.d are shjned on behaw of the trnard by.. Sharon Paul (Chairl Trustee .. Th• thot•s on pages. 6t0 12torni part ofthe#e finanei)I statement
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Notes lo the Financial Slalements Year ended 31 March 2025 General inforniatlon The CrIty is a Publ beit entity aThJ a private rnpanY limited by guarantee. registered in ErKJlan¢Y a1 Wales aTrJ a registered charity in ErwJLqrx1 arnl Ws. The a(kJress ol the registered office is Desmond Street. New Cross. LorKlon. SE14 F. statemeni compliance These linalKi slements have ten wepared n rnlance FRS 102. The Financial Reporting Starydard applicat4e in the UK arKI the Reputrjic ol Ilantr. the Statement of Recornmendod Practre appluble to charitie5 prepariry their aOnts in accordan¢e vnth Ihe Financial ReponirKJ Stsndard apF4rthe in the UK and Republ ol Iieland IFRS 1021 ICharits"es SORP IFRS 10211 and the Companies Act 2006. Accounllng pollcles Basis ol pfeparatson The finarKial alernents have been prepared on the hk8toral $t basis, as fftTrdilied by the revaluation ol certain financi assets aTha liabdilies and investsngnt propeitw measured at fair value through income or exrendilure. The linaThia! Stslements are prepared in sterling. which i8 the lurKlional CUrreY ol ihe enlty. Golng eontom The tru$tee¥ ckjsed the wrsery Sec1K of the centre followiNJ a dec¥eased in lee payi pLaces.Howevor the trustses are ol the cf¥nion that the ntre is still a goirMJ concern on the basis of the follo.d.. The after school dub facility continues to mainlain a sleady Sour of irwme. Sl James. Church continues to sut4x)rt the centre fina1ally. bl Disclosure gx•mptions The entity sallslles the uiteria of tw'ro a entty as defir*d in FRS 102. As such. thanlage has been taken ol the followiTrJ disclosure exemptions available under paragraph"1.12 of FRS 102.. lal No eash fknv statement has been presented for the company.lbl Disclosures in respect of financial iryslruments have not been FKesented.
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Slatements Year ended 31 March 2025 Ac¢ounliThg polkios Judgemen¢4 and key Sources ol estlmalion uncertainty The wgparalb4 ol the finarrA statements rL]uires management to make ju&ents, estimates assumpiims thai affea ihe amounts reF¥Jrted. These esb"maies I$jements are continually reviewed and are based on expeIience arxl other factots. whcluding exFectations ol future events that are believed lo tre reasonable under ihe circumstances. Fund accouDtifbg Unrestiiclod lurKts are available for LLse al discretJn of the trustees to further any of Ihe charitys purposes. Designated fu1$ are unre5trthd fUts eannark8J by the truslees for PartUlar future project or commitment. Restricted fl4$ are SU.e¢ted to restrlon5 their expeTrJiiure declared by the dorKJT or through the terms ol an appeal. aThJ fall into one of hvo sub4asses.' reStrted irorne funds or endowment fUls. Incomlng All incomiThJ fesources are inclLKled in the Statement of linarKial actiwtEs when entittement has passed to the charity." it is Kyobable that the ecOrM bwelrts associated with the transaction will flow to the arity aTrJ the amount can be rdithly measured. The followng Sp8Crf poliCS are applied lo panilar categories ol. incorne= 1me Irom donati1$ or grants is recned vthen there is evxjence of entiiiement to the grft, receipt is FYobatAe and its amount can te measured relRbly. legacy irKome is recognised when receipt is probab entilrnent is established. Irne Irom nated goLKls is measured al the lair value ol the goods unless this is impractical to me88ur8 ieliably, in whh case the value L% derived from the cost io the donor or the eslimatod resale value. Donated facilrb.es and services are recogni5ed in the accounts when received it the value can be rel1Y measured. No amounts are irlUded lor the contribuD"on ol. genera! voljniews. income Irom contracts for the sUPY of servus is recognlsed with the delivery ol the conlractgj service. This is dassrfth as UnreStrted lurnjs unless there is a conlraclual requifement lor i! 10 be spent on a wti¢ular w.rFose aThd relurrEd rf un5penl, in wknh case it rnay be regarded as restrFtfjd.
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Notes to the Financial Statemenls Year ended 31 March 2025 Accountlng Wkies Resources exponded Expendilurp Is recognised an accruals basis as a Ih4bility is wurred. ExpeThailure includes any VAT vth¢h ¢Annot be fully recovered. arn1 is dassified under headings ol the statement of financial activities to whKh it relates.. expenditure on raising funds tldeS Ihe costs ol am luNlraisry actrvities. events, non- Charl16 tradirnJ acrNib"es. and the sale of (k>nated jS. expepditurg on ¢haritat49 actNItS IrudeS all costs irKurred by a charity in urKlgrtaking a¢lNits88 that further its charitab aims lor the terlit of its beneficiaries. iluding those SUPPOn costs arxl costs relatirvj to the governance of the charity apporb"one(I to charitable actmties. other expendire Iude$ all expeThJiture that is neither related to rS1 funds lor the charity nor part ot its exFwwJjre chantsbk ath"wti"es. All cost$ are altsated to gxpenditure catrIeS relleckn'rrfJ the use ol the resource. Direct Costs attributable to 4 sirKJle activity are alkxated direct to that activity. Shared are apportioned beh¥een the octhiities ttw CONribute to a reasonat4e. justiliat4e and consistent basis. Tangibh •s4oth Individual liX assets over £1.CAXJ are Initial iecorded at cost. Assets funded by specrfr grants are written off against the grant in the year ol Kwrchase. Doprg¢iation DeprectatKsn Is Calculat so as to V4Tite off Ihe c05t or ValuatK ol an asset, less its residual value. over thè useful 9corK)M life ol that ass¢t as 101b= Equipmerm 25% reduwg baLle Impalrnient pt fixed assets A review lor indi¢a¢ors of imwmienl is Carried out at each reportiThJ date, with the recoverable amount beirvJ estimated where such ir%j10rS exist. Where the carrwng value exceeds the Tecoverable amount, the asset 15 impawed accorthryly. Prior impairments are abo reviewed lor possible revorsal al each rewrting éaie. For the purr4)8a8 of impwrment testing. vhen il is rn)t to estimate tt)e recoverable amount of an indivKlual asset. an estimate is made of the recoverab amount of the cash-generaiing unil lo whh the as8et tdorKJs. The cash-generabro unit is the smallest idenlrfiabse group of assets that includes the asset and generates cash inflow5 that largety irKJependern of ihe cash inlknws Irorn other assets or grp$ ol assets. For impairm1 testing ol gocthll. the goodwill acquired in a ixjsiness combinatK)n is. Ifom the acquisition date, allocated to each ol the Cashenerating units that are expected lo benefrt from the
synergies ol the cOmbnan. ¥respece ol whefvr other assets or lotslities of the ch8rty are assigned to tyo$e units.
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Noles to the Financlal Statements Year ended 31 March 2025 Limiied by guarantee The St Michaels's c(rnn Centre is a company limited by guarantee and accordingly does not have a sharg ctyal. Evefy rnember ol the company undertake5 to contribute such amount as may be ruired not exceediThJ £1 to Ihe assets ol the charitable company in the event ol ts beirvJ wound up while he or she 1$ a memtw. or within one ygar after he or she ceases to be a member. l)onatian¥ wd. gacies 'Aestred Total Funds FuThls 25 ReStrted Total Funds Funds 2024 Donatl¢)n• Sl Jamgs Chyrch Roof Repairs 31.075 31.075 (Xher Iradlr acllvftle$ Unrestlted Totsl Funds Unfestricied Total Funds FuThJs 2025 Funds 2024 After School Club Fees Thames Re¥h Renta Kiddies Pala¢e Renials Church H¥1 Hire Other Rental lrtorne 1.495 2,536 1,500 21.440 3,250 30.221 1.495 2.536 1.500 21,440 3.250 30.221 20.475 13.675 22.800 3.000 20.475 13.675 22.800 3,000 60.430 Investmfrnl lrycome UrneStred Total Funds Unstr¢ie(fj Toial FLA$ Fur*J5 Funds 2024 Bank Interest ReceNable 72 72
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guarantee Notes to the Finaneial Stslements (cL¥th) Year ended 31 March 2025 Expendlture on chariiable al¥ltIeS by lund typ• UNestrthd FuThts Restficted Total Funds Funds 2025 After Schc4]l Glub Support costs 44.467 31.075 75.542 1,004 76,546 45,471 31.075 ureStrted Furmjs Restricted Tolal Funds Funols 2024 After Schcd Club Support cos 30.418 805 30,418 805 31,223 31,2fd 9. Expendlturn on ¢haril•blo ac!ivili•s by actiytty type urthrtaken directty costs Total lunds Total fund 2024 Aftef School Club GOvernae ¢osts 75.542 75,542 30.418 805 75.542 76,546 31.223 10. Ind¢pendpni oxamlnallon lees 2024 Fees payablq to the irxlependent examinw for. Independènt examinab.on of the linancial staiements 855 805 11. Stsff cost$. The totol stoff costs a1 empfoyee tenetts I( ts rOFortirg period are anatysed as lolbws.. 2025 2024 The average count ol emph)yees durwy Ihe year was Nl12024." NIII. No employee receNed employee LEnefit5 01 more than £.( ring thg year12024.. Nill. 12. Trustee r•munw•lion and exp8n8es No remuner4iknD. (x othw benefits from eMplOeth the chan.ty or a Lated entity were receNed by the trusteos. 10-
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guaranlee Notes lo the Financial SLqlementS Year ended 31 March 2025 Tangibl8 liyod •ssets Ewiwent Total Cost At 1 April 2014 and 31 March 2025 Depreclatlon At 1 Aprll 2024 and 31 March 2025 Carrylng an)ount At 31 Marth. 2025 Al 31 Marth 2024 14.645 14.645 14,644 14,644 14. Credltors: amaunts lalllng due within onè year 2025 2024 Accruals and deferred IrMe St Jamqs ChHrch Loan 1.NJ5 805 1,801 2,606 2.805 15. Creditop: .. . •mount$ lalling duo after more than ¢)ne ythr 202S 2024 St James Chyr¢h Loan 21,627 23.427 In 2015 with Ihe support ol the Church. the Centre was th to r¥ace the bler unrt at a cost of £14.645. F01hl) the cbsure ol the rwrsery the Centre fLWther assislance 01 £30.000 in 2017 and £2,85) October 2018. The agweement is be bas&J on Centre repa1j the Church a monthly amnt ol £150. The b4*e outstanding is £23.42612024 £25.2281. 11
THE ST MICHAEL'S COMMUNITY CENTRE Company Limited by Guaranlee Notes to Ihe Financial Statements Year ended 31 March 2025 16. Analysls al ¢hal¥ble lunds Unrestrictod funds At 1 AFYII 2024 31 Mawch 202 Irne ExpeThJiwre Gener lunds 114.4261 60.430 145,4711 At 31 March 202 1 Pw"12023 Ir¢ome Experyjitu Gener lunds 113.4961 30.293 131.2231 114,4261 Aestrfctèd Iwid$ At 31 Mavch 202 At 1 Awl 2024 I}Me Expenditu Restricted FurKi Flool ryrs 31.075 131.0751 At 31 March 202 At I Wil 2023 Income EX31re Reslricled Fund Fk1 repairs 17. An•lysls ol net as$ belween funds Unrestted Total Funds Funds rangle lixql assets Current assets Creditors les5 than 1 ypar Credrtors greater than 1 year Net assets 24,964 12,8051 121.6271 533 24,964 12.8051 121,62n 533 Unrestred Total FuTrYs Furnls 2024 Tangible lixe¢. assets Current assets Creditors less than 1 year Creditors greater than l year Nd assets .11,606 12,6061 123,4271 114,4261 11.806 12,6061 123,4271 114.4261 12-