REGISTERED COMPANY NUMBEIL. 01854266 (England and Wale5) REGISTERED CHARITY NUMBER: 290441 CAMDEN COMMUNITY LAW cETrRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Berrinoers LLP Chartered AOuntants and Statulory Auditors Lygon House 50 London Road Bromley Kent BRI JRA
CAMDEN COMMUNITY LAW CENTRE coJYrEINTS OF THE FINAN'CIAL STA TEMEJYTS for the vear ended 31 March 2024 Page Refere¢¢ administrative detai15 Report of the trustees Report of the independent auditors Slatemenl or rinancial activities Balance sheet Cash now Statement 12 Nole5 to the (xsh flow staleThent 13 Notes to the firtaneial stalement5 14 to 20 Detailed statement of finaneial activities 21 10 22
CA.MDEN COMMUIYITY LAW CENTRE REFERENCE AND ADMINISTRATIVE DETAIiS for the year ended 31 March 2024 TRUSTEES M5 M B Gr4yson Ms K loannou Mr5 A M Mason Ms S Mather Ms S E Scoll (resigned 28.1123) D A W(KMI- Chair J C Cowley A Kumar P McLAty COMPANY SECRETARY Ms M B Grayson RECISTERED OFFICE 12 Greenland Road Camden Town London NWI OAY REGISTERED COMPANY NUMBER 01854266 (England and Wales) REGISTERED CHAIUTY NLMBER AUDITORS BeingerS LLP Chartered Accountans and Sthtutory Auditor5 Lygon House 50 London Road Bromley Kent BRI 3RA Page I
CAMDEN COMMUNITY LAW CENTRE REPORT OF THE TRL'sfEES ror the Jear ended 31 March 2024 The tnJ5tees who are also dITlorS of rhe charity for the purpose5 of the Companies Act 2006, present their report with the financial Siatements of ihe charity for the year ended 31 March ?024. The tW5tees have adopted the provisions of Accounting and Reporting by Charities= Statetnent of RecommeTrded Practice applicable io charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective l January 2019). 0ECTIVEs AND AcfiviTIES Objective5 and Aims The charity's objects and its principal activity continues io be that of providing free aessIble legal advice and representation to the local community in the London Borough of Carnden. The charity has the general aim of improving the qtsality of life for the residents and ihose in the wider area who are on low incomes by working towards its principal aaivity, and improving rights and access of those rights by the wider community. The Strdtegies employed to achieve the charity's objectives are to- Targei cortjmuniiies of need for social welfare law advice with high quality specialist Services of Salaried aff ar]d volunteers: Encourdge participation in governartc¢ of rhe law centre by local residents; (iii) Where wssible to bring test c&ses thai are capable of bringing about widespread ¢hanges to residents. rights. (iv) Improving rEsidents' knOledge of their rights ihrough education and policy work. Signifitant aetivilies The Law Centre helped over 2,0 people and over new cases in the aw of housing. immigration, employment aTtd welfare benefits. As a lead member of the Camden Advice Partnership we collatM)rdte with our advice service colleagues in the Lthdon Borough of Camden pnd sum)unding areas to ensure the Strdt¢gic coordination and delivery of advices to strengthen the resiliente of residents. Publie benefit The Trustees consider that the objectives and aim5 of the charity described abov¢, enable it to meet its obliglong to the Charity Commission to deliver aid and assistance io the loc cornmunity in CAJen. FINANCIAL REVIEW Financial positio The PTincipal ndIng sources of the Law C¢ntre continue to be the London Borou of Camden and the Legal Aid Agency. During the year w¢ received a grant frorn the National Lollery Community Fund iowards towards our work 5UlI)orting people affetted by the cost of livinE ¢risis.. Our three year grdni funduig from City Bridge Trust to provide a TrInal Welfare Benefits Representation service will continue until June 2024. The Law Centre has coniinued effort5 to secure ndS and develop projecrs such as expanding access to justice for people frorn BAME cotnmunities and tackling problem% associated wth youth homelessness. Professional lega] services provided by salaried Staff. volunteer services. and conununrty work has en maintained. The Centre's gross for this year ineorne was £63i.(Kll against £453.074: and eXnditse from £493.465 to £355,604. Thi5 resultd in net incoming resources of £li9.536 compared with £97.470 in the previous year. At the end restricted nds amounted to £nil (2023 £nil). lIe unrestricted funds which w¢re £643,894 at the pvIOuS yeaes et)d have increased to a balance of £783.430. Reserves policy It is the policy Df the Law Centre that unrestricted fi]nds which have not ten designated for a specific use should be aintained at a level equivaleni to twelve month5. expenditure. The trStee5 nSider that reserves at this level will ensure that in lh¢ event of a SilfICant drop in they will be able to coniinue the Law Centre's ctjrrent a¢livities while consid¢ralion is given io ways in which additional fijnds may Ee raised. This level of reserves has been rnaintained throughout the year. Page 2
CAMDEN COMMUNITY LAW CENTRE REPORT OF THY. TRusfEES for the year ended 31 Mareh 2024 FUTLRE PLAN5 In th¢ last year truste£s approved the forniaiion and registration of Nonh West London Law Centres (NWLLC) under Company No 13903795. a holding company which will currenily include subsidiary charities the Brent Cornmunity law Centre (01294090) and Camden ComTnunity Law Centre (01854?66) as member5. The NWLLC was approved as a registered charity uNler nurnber 1199935. As part of thi5 change member5 of the Law Centre approved goyemance to the governing docum1 so thai NWLLC becomes the sole rnembEr of C2fftden Community JAW Centre. As part of these ehanges the Brent Community Law Ccntre will continue to operaie principally under the direction and manageTnent of the NWLLC. Following a recEllt legal aid tender NWLLC have secured new legal aid contracts housing, immigration, benefits aThJ public law which will commen¢e from September 2024. SfRUCTLTRE, GoVERANcE AND MANAGEMI EKr Governiftg doeurnent The charity is controlled by its governing documen¢ a deed of trusL and conlliNtes a limited company. limited by guarantee. a5 defined by (he CompÈnies Act 2006. The company is a charity and is limited by guardntee. and noi having a share capital. each member undertakes to colltribute a Sum not exceeding £1 in the event of the ¢ompany being wound up. The company is knund by its memorandum and articles of associ10. In the last year tn]stees approved the fomiation and registration of North Well London Law Cenlres (h'WI_I.C) under Company No 13903795. a holding company which will currently include subsidiary charities the Brent Conununity Law Centre (01294090) and Camden Cotnmunity Law Centre (01854266) as mcmbeTr. The NWLLC was approved as a regi5t¢red charity undcr nufftber 1199935. As part of this ¢hange members of the Law Centre approved governance to the governing document so that NWLLC becomes the sole Tnember of Camden Communiry Law Centre. 0rgani5ational stntcture The company is controlled by a board of directors (tnjstres) who ate independent and receive no rernuneration for th¢ir involveTlleni. Day to day managemeni is delegated io the Direcior, Sean carIn The Dire¢tors and Tmstees of the Iaw Centre carry out an Annu Review of the Liw Centre's service, prDViSiOtL finan¢e5 and Strdtegic approach in the course of approving the Law Centre5 thff¢ year wlling Busine55 Plan. Induction gnd training ofnew trustees New Trustes ut]dergo and orientation day to brief them on the l¢gal obligations under charity and company law. the constitutional thcuments. decision makints proccsses. business planning and thjancial procedure5 and performances. Key ¥aRtment remuneration During the yearkey management were remunernted £36,IK)0 (2023: £36.OIK)). Page 3
CAMDEli COMMUNITY LAW CETriTRE REPORT OF THF. TRL'STELS for the )"ear ended 31 March 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Rtsk managem¢ut The trusiees have a duty lo ideniify and review the risks io which the charity is exed and to ensure appropriate ¢ontrois are in place to provide reasonable assurdnce against fraud and error. All 45peci of this is the Considerdtion of the chaIlenges and risks that the Law Centre will be facing and the strategies which are appropriate in order to mitigate those risks. Systerns and procedures are estsblished to limit identified risks and to rninimise any potential impact on the Charity should any of those risks materialise. TnteeS and statT Underwent training io prepare for ihe introduaion of the new dats protectiijn Changes following the introduction of GDPR and the Data Proteciion Aci 2018. As a dara controller, this has necessitated a review of all business activities across the organisaiion in relation io the processing of personally sensitive data. The TTU51ees also considered ongoing risks and the systems and procedures in place to mitigate thern. C4)nsideration of the risk of legal action focused on showing that adequate systems were in place to ensure that advice and legal work provided by the Law Centre met criieria laid down by the Law Society Lexcel Praciice Managetnent Standards and Legal Aid Agency to ensure good quality service delivery and sound manageTneni sy5t¢ms_ Proceth]res are also in place to ensur¢ compliance with service level agreements with other fundejs including London Borough of Camden, National Lory Fund and ihe City Bridge Trust. Professional indernnity cover is now in line with Ltgal Aid requireffients. A review of the office insurdnce and rnaTtagement systenLS was at50 considered and monitored on an ongoing basis to'.- a) rninimise detrimental financial impao due to accidents or other unforeseen events such 18 theft. fitE, flIN)d or10ss of data and: b) fmd be value for money. Financial ]nonitoring and reporting systems are monitored gUlarlY both internally and exlernally. Regular weekly ¢hecks by Staff and monthly reports to Trts minimise unforeseen financial contingencies. The organisation is alsQ subject to annual audit ill5pection as part of the Law SIety Lexcel accreditation compliance and by an independent examiner. STATEMENT OF TRiiSTEES' RESPONSIBILITIES The trustees (who are also the directors of Camden Community IAW Centre for the PUTwes of company law) are responsible for preparing the Report of the tn]stees and the fitwKial statements in accordance with applicabk law and Uni*d Ktngdom Arcounting Stsndards (United Kingdom Generalty Ac£epted Accounting Practice}. Cornpany law requires the trustees to prepare financial statements for ¢dch financial year which give a true and fair view of the 51ate of affairs of the charitable company and of the incoming resoLtrce5 and application of resources, including the income and expenditure, of the ¢hariiable company for peri(KL In preparing those fclaI statements, the tryslees are required to seled suitable accotsniing policies and then applv ihem c¢)nsistently- (A)5¢rve the methods and principles in the Chprity SORP- make judgements and estimates that are reasonable aThJ prudent. ppare th¢ financial statements on the going con¢em basis unless it is inappropriate to presurne that the charitsble comkrdny will continue in busine$5. The rnsiees are responsibl¢ for keeping proper accounting records which disclose with reasonable accurdcy * any time the financial position of th¢ charitable company and to enable them io erksllre (hat the fllJan¢ial ststcments COTnpty wilh the Coffjpanies Act ?006. They are a150 resEM)nsible for safeguarding the a5se15 Qfthe charitable company and hence for taking re2sonable steps for the preveniion and det¢¢tion of fraud and other irregularities. In so faras the trustee5 are aware". Ihere is no relevant audit infomwion of which the charitable companS awlitOTS are unaware. and the twstee5 have taken all $p5 that they ollghi to have tak-en to Trke themselves aware of any relevani audit information and io establish that the auditors are aware of thai infoTrnation. Page 4
rorthtyur ended 31 Marth 2•24 FA5 MB Graywn. Trus Page 5
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CAMDEN COMMUNITY LAW CEFITRE Opinion Wt have audited the financial sratements of Camden Community law Centre (the 'chariiable compang) for th¢ year ended 3 1 March 2024 which comprise the Staiement of fmancial activilie8 the Balance sheeL ihe Cash flow statement and notes to the financial sthternents. inclwjing a 5umm8ry of Significant accounting pollcies. The financial reporttng fra¢work that ha5 been applied in their prepardlioll is applicable law and United Kingdom Ac¢out]ting Stsndards (United Kingdofft Generally Accepied Accounting Practice). In ouropinion the financial siatements.. give a true and fair view of the State of the charitable companys alTairs &5 at 31 March 2024 and of its incoming resources and applioation of resources. including its income and expendilure, for the year then ended. have been properly prepared in accordance with L.nited Kingdom Generally A¢¢ewed Accounting Ptice. and have been prepared in accordance with the requirements of ihe ComFYdnie5 Act ?006. Bssis for opinion We CondUcd our audit in accordance with Iniernaiioffia] Stsndards on Auditing (UK) (ISAS IUK)) and applicable law. Our responsibilitie5 under those statKlard5 are fvrther described in the Auditors. responsibilities for the audit of the financial statpnTr¢nls section of our report. We are independeni of the charitable company in accordance with the ethical requirements that are relevant to our audii of the financial statements in the UK. inclwling the FRCS Ethical Standard, and we have fijlfilled our other eihica] responsibilities in accordance wilh these requiremenÉs. We believe that the audit eviden¢e we have obtwned is sufficient and appropriate to provide a basis for our opinion. ConelusioAS relating lo going conee In auditing the financial statemen15, we have concluded that the intstees. LL8e of the going con¢em basi5 of accounting in the prewdfdtion of the financial atements is appropriate. Based on the work we have perfomirf we have not identified any nuterial uncenainties relating to ev¢nrs or conditions thai, individually or collectively, may significant on the charitable compan5 ability to continue as a going corern for a period of at least twelve months from wh¢n the ftnancial sraiefflents are authorised for issue. Our respoDsibilities and the responsibilities of the trustees with respect to going concern are described in the rel¢vant seclions of ihis report. Other iRformalion The trustees are reswnsible for the other inf0mtIon. Th¢ other inforn]ation comprises the infornjation included in the Annual report. other than the financial statements and our Report of th¢ IndeIdent auditots ihereon. Our opinion on the f]nan¢ial statements does not cover the other information an¢ exce to the extent otherwise explicitly stated in our retrrt, we do not eNire55 any fonn of assurance conclusion thereon. In connection with our audit of the financial ststements. our re5PKJnsibility is to read the other infom)ation and. in doing so, consider wheiher the other information i5 materialty inconsistent with ihe financial statements or our knowledge obtained in the alldil or othenyise apptrdrs to be materially misstsi&L If we identify such marial inconsistencies or apparent material misstatementy we are required to deierniine whether this gives rise to a material misstatement in the financial statements themselves. If. bd on the work w'e have rf()rme we conclude that there is a material mi55tattrTheni of this other inforrnation, we are required io report that fact. We have nothing to report in this regard. M%tters on which we are required to report by exceptio We have nothing to report in res of the following matters Whe the Charities (AcwunLS and Reports) Regulations 2008 requires us to report to you if. in our opinion.. the infomaiion given in the Rew)rt of the tnjstees is inconsistcnt in any matertal reS¢t with the financial statements. or the ¢hariiable cornpany has not kept adequate accounting records= or Ihe financial ststcments are not in agtEement wilh ihe accounting reeords atjd returns- or we have not received all the information and explanatiOll5 we require for our audit.
REPORT OFTHE INDEPENDENT AUDITORS TO THE TRusfEESOF CAMDEN COM.MLTNITY LAW CEYTRE Responsibilitie5 of trustees As explained rnore fully in the Statetnent of trustees. re5p)nsibilities. the twstets (who are also the directorg of the charitable company for the PUTposes of compani. lawl gre responsible for the preparaiion of the finaTKial statemenis and for being satisfied ihat they give a trne and fair view. and for such iniemal colltrol as the trustees detemjine is ne¢essary ¢0 enable the prepar21ion of financial statements Ihai are free from rnater1 misststemenL whether due to fraud or error. In preparing the financial statemen& the trusttts art reswnsible for a85essing the charitable CoMpanS ability to continu¢ as a going concern, disclosins as applicable, matter5 relaied to going concern and using the going concern b&si5 of accounting unless the trustees either intend w liquidaie ihe Charitable company or to cease operdtion& or have no realistic altern1Ve but io do so. Our reS$1b111tLes for the audit oftb¢ financigl ststements We have been appointed as audiiots under Seciion 144 of the Charities Act 2011 and report in accordance with the Act and rel¢vant regulations made or Itaying effect iherellnder. Our objeclives are to obtain reasonable assurdnce aboui whether the financi81 slaiements as a whole are free fro material misstxtemen(, wheiher due io frdud or error. and to issue a Keport of the independent auditors th21 includes our opirjion. Reasonable assurdnee is a high level of assurance, but is not a (¥uaraniee th an audit conducted in ac¢ordanee with ISAS (UK) will always de(EcI a material misstatement wthen it exists. Mi5sraiernents can wise frorn fra1 or eor and aTe considered rnaterial if, individually or in the aggregate, they ¢ould teasonably eXpted to influence the economic decisions of user5 tsken on the basis of these fancIal statetnents. Thc extent to which our procedures are capable ofdetecting irregulariti4 Including frdud is detailed below.. In identifying and assessing risks of material misswement in resFCt of irregularitie5. including fraud and error, we considered the following.. - Ihe nature of ihe industry, Control environment and busine55 perfonnance; - results of our enquiries to managemeT]t about their own asseSent of the risks of fraud and ernr; - the matters discussed among the audit engagement lean] regarding how ond where may occur in the financial statements and ally POntIal indi¢ators of fraud. Ourprocedures to resFrt)nd to risk include the following: - reviewing the financial 5taiement disclosures and iesting to supporting docUmetation. - peifonning analytiral procedures io identify any unusual or unexpected areas that rnay indicate risks of material misslatement due to fraud or error; - addressing the risk of fraud and error through management override of ¢ontrols. testing the appropriateness of journals, asSeIng whether the judgements made in mak-ints arcouniing estimates are I11¢alIve of a pontial bias: and evaluating the business rationale of any SI1can1 transatlions that are unusual or ouiside normal course of business. A fi]rther description of our reswnsibilities for the audit of the f]nancial sta*ments is I(ated on the Financial Reporting CoLwiI 5 website at www.fre.org.uklauditorsresp(>nsibililies. This description forms pan of our Rew>rt of the Independent Auditors. Page 7
REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF CAMDEN COMMUNITY LAW CEf4TRE Use of our report This repon is made solely lo ihe charithble CoMpaS tnJstee& as a body. in accordance wilh Part 4 of the ChaTlties {Accounts and Reports) Regulations 2008. Our audii work has been undertaken so thai we tnight slate to the charirable compaTry's irustees those matters we are required io state to them in an auditors. repon and for no other purpose. To the fullest exteni perniiued by law. we do not accept or assume resw)n5ibiliry to anyone other ihan ihe charitable company and the charitable company's tn]siees as a body. for our audii work. for this reEX>rt, or for the opinions we have fomed. BeingerS LLP Chartered Accountanrs and Statutory Audiiors Eligible to act as an audiior ill tern]s of Section 1212 of the Companies Act ?006 Lygon House 50 London Road Bromley Kent BRI 3RA 3 October 2024 Page 8
CAMDEN COMMUNITY LAW CENTRE ATEMEiYf OF FINANCIAL A1VITIEs (INCORPORATIP*'G AN INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2024 2024 Total ruNds 2023 Total fijnds Unrestrictcd fimds Designated fund5 Re5¢ricted fitnds Notes INCOME AND E]YDOWMENTS FROM D(Kwtions and legacies 76A28 7&428 300 Charitable a¢tivitl¢s Legal advice 321280 230J95 551,675 452,774 Investment incorne 4,898 Total 402ffjI6 230J95 633,001 453,074 EXPENDITURE ON Charitable 8¢tivities tKgal advice Support costs lJ6.764 126J06 230J95 367,159 120J116 269,952 85.652 Totsl 263,070 230J95 493,465 355,604 NET INCOME TraThsfer5 between funds 139J36 (1,() 16 139J36 97,470 Net movetnent In funds 39536 I,000 139W6 97,470 RECONCILIATION OF FUNDS Totsl fimds brought forward 243094 643,894 546.424 TOTAL FUNDS CARIUED FORWARD 283,430 783.430 643.894 The notes fonn part of th¢se financial ststements Page 9
CAMDEN COMMUNITY LAWCENTRE BALANCE SHEET 31 ..March 2024 2024 Totsl fund5 2023 Total fijnds Unresrrtcted Dtsigrtaied fund5 Restried funds Noks FIXED ASSETS Tangible assets 1,980 CURRENT ASSETS Work in progress Debtors Cash at bank 12 86.824 169274 601280 169274 162280 85,425 26.073 610,930 418J78 918,378 722,428 CREDITORS Arnounts falling due within i)ne year 14 (135.952) {135.952} (80,5141 NET CURRENT ASSETS 282,426 782,426 641.914 TOTAL ASSETS LESS CURRENT LIABILITIES 283430 783,430 643,894 NET ASSETS 783,430 643.894 FUNDS Unresthcted funds: G¢nerdl fund and Pretnises Coniingency Fund 16 283.4311 s00,0) 243,894 400.000 783,430 643,894 TOTAL FUNDS 783,430 643,894 The charitable rompany is entitled to exemption from audir under Se¢tton 477 of ihe Companie5 Act 2006 for ihe year ended 31 March 2024. The tnembers have not depostted notice. pursuant to Section 476 of the Companies Act 20 requiring an audit of these gtatements. The trustees acknowledge their responsbi ilities for (a} ensuring that the charitable companv kttps accowliing records that comply with Seciions 386 and 387 of the Companies Act 2006 and preparing financial stAtements which give a true and fair view of the state of affairs of the charitsble company as at the thd of each financial year and of its surplus or deficit for each fInala1 year in aceordance with the requirements of Sections 394 and 395 and which otherwise mmply wtth the requirements of the ComFYJmies Act 2006 relating to financial Statements. so far as applicable to the chariiabl¢ company. (b) These financial statements have been audiied under the requirements ofsection 145 of the Charities Act 2011. The notes forwn part of these financial sthiements Page 10 continued...
31 MArth 2024 SbJrt tothesmftll comptittiesr¢8iti*. Th¢ notes w( of these financial 5tstrrnts Pagell
CAMDEN COMMLNITY LAW CENTRE CASH FLOW sfATEME ror the year ended 31 Mareh 2024 2024 2023 Notes Cash flows fro operatine 2Ctivities Cash generated from operations 47,754 46.290 Net cash provided by opeming activiiies 47.754 46,290 Cash flows from iRvesting activitie5 Puhase of tangible fixed ets In*rest received {IJ02) 898 Net cash provided by inyesting activities Chxnge in cash and eAsh equiv31ents i the retN)rting period Cash and eash equivalents at the beginning of the reporting period 51JSO 46,2 61Q930 564.640 C¥5h and cash eq1valellts 4t the end of the reporting period 602280 610.930 The note5 fornl part of these financial 5ta(ements Page 12
CAMDEN COM.MUNITV LAW CENTRE NOTES TO THE CASH FLOW STA TEMENT for the year ended 31 Imareh 21n4 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 Net income for tht reporting period (as per th¢ Statement of financial activities) Adjustments for: Dcpreciation charges Inierest received Increase in work ill progress Increase in debtor5 Increase in creditors 139J36 97,470 2,278 (4,898) (iJ99) (143,201) $$438 3,069 (50,556) (7,766) 4,073 Net ea5h provld¢d by oper41ioTrs 47,754 46.290 ANALYSIS OF CHANGES IN NET FUNDS At 1.4.23 Cash flow At 31J24 N¢t cash Cash at bank 61fl,930 51.35 662280 610.9311 51 J50 66228D Total 61930 51J50 662,28 The notes form part of these finoncial 51atements Page 13
CAMDEN COMMUNITY LAW CENTRE ]YOTES TO THE FINANCIAL sfATEMEI¥TS for the yeAr ended 31 March 2024 ACCOUNTING POLICIES Basis of preparing the fjnallcial stAterneTrts The financial sthte¢ntS of the charitsble company, which is a public benefit entty under FRS I O? have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reportillg by Charities.. Statement of Recornmended Practice applithle io chariiies preparing their xcounts in accordance with the Financial Reporting Standard applicable in the UK at]d Republic of Ireland (FRS 1021 (effe7Ve l JanuaJy 2019),, Financial Reporting Stsndard 102 The Financial ReEMTrrting St2ndard applicable in the UK and Republic of Ireland, and the Companies Aet 2006. The financial staiem¢nts have been pJEpared u]Mler the historical ¢ost convention. CriticaI aceounting judgements and key sourTes of estirnation vncertaiThty In the application of th¢ charity's accounting polici4 the Trusiees are required to tnake judgements, estima and assumptions about the earrying atT)ounl of assets and liabilitie5 thai are not readily apparent from other sources. The estimates and associated assumptions are based on the histori experience and other fa¢tor5 that 8re considered to be r£levant. Actual results may differ from these estirnates. The estimates and underlying assumNions are revt¢wed on an ongoing basis. Revisions to a¢¢ountillg estimates are recognised in the period in which the estimate is revised where th¢ revision affects only that period, or in the period of revision and future peri(Kls where the revision affects both current and fvtur¢ pefi(MJ5. Ineome All income is recognised in the Statement of Financial Activities ono the charity has entitlement to the fvnds, it is probable that the income will be received and the amount can be me&sured reliabty. Expenditthre Liabilities are recognised expendilure as soon as there is a legal or ¢onstyuciive obligation comtnitting the charity to ihat expendityr¢, it is probable a irdnsfer of economi¢ benefiis will be required in settlement and the amount of the obligaiion be measured reliably. Expetmliture is accounted for on an acrruals basis and has een classified under headings thai age8¢ all c05t related to the category. Where costs cannot be dire¢tly arttibuted io particular headin0 they have been allocated to activities on a basis consisient wtth the use of tesources. Tangible rued assets Depreciation is provided at the following onnual rates in order to write off each asset over its estimakd useful Fixtures and fittings Computer equipme 25% (m co 25V• 01] Cost Work in progress Work in progr¢ss is valued al net realisable value, after rnaking due allowan¢e for slow moving wodo. Taxation The charity is ex¢mpt frorn corporntion lax on its charitable activities. Fund arcounting Unrcstricted funds can be used in accordance with the eharitable objectives at the discretion of the trustees. Restiicted funds can only be used for particular restricted purposes wiihin the objects of the charity. Restrictions arise when Specified by the donor or when fijnds are rdised for particular restricted purpose5. Further explanation of the nature and purFa)se of each fimd is in¢luded in the notes lo the financial 5taiem¢nts. Pension eosts and other post-retirement beDefits The charitable cotnpany operates a defined coniriblltioo pension scheme. Conrributions payable th the charitable company's pension scheme are charged to Ihe Staiement ofFin2ncial Adivities in the period to which ihey relatr. Page 14 continued...
CAMDEN COMMUNITY LAW CENTRE NOTES TO THE Fif4ANCIAL sfATEMEYTS- contlnued ror the year ended 31 March 2024 DONATIONS AND LEGACIES 2024 2023 Donations 7A428 300 IIYVESTMENT INCOME 2024 2023 Jnterest receivable- trading 4,898 INCOME FROM CHARITABLE AcfiviTIES 2024 Activity Letpal advice Loal advi¢e Legal advice 2023 Grants Legal adwce Service Level Contracis 2311J95 186.280 135.110 140,151 177,623 135,000 551.67S 452,774 Grants receive(L included in the ava are as follows: 2024 2023 Trust for London AB Charitable Trust City Bridge Trust Th¢ National Lottery Comtnunity Fund Law Cenrres Federation The Actess to Justice Foundation DVA Victi]nslSurvivors ITnmigrdtion advice 10.000 15.000 48,115 44,340 20,500 12,196 49,024 711129 41,245 49.997 230J95 140.151 CHARITABLE ACTIVITIES COSTS Suppon costs (see note 6) Direct Costs Torals Legal advice Support costs 473 116.255 367,159 126J06 10,051 370,737 122,728 493,465 Page 15 continued...
CAMDEN COMMuf41TY LAW CENTRE NOTES TO THE FINAf4CIAL STATEMENTS- eoDtiDued ror the year ended 31 .M4rch 2024 SUPPORT COSTS Governance costs Other Totals Legal advice SuPrt costs 6.473 110242 473 116355 6.013 116,715 6.013 122,728 NET INCOMEI(EXPENDITURE) Net incom&l(expenditur¢) is ststed after chargingl{crediting)- 2024 2023 Audiiors, remuneration Depreciation - owned wets 6,013 2278 5,775 3.069 TRusfEES' REMUNERATION AND BENEFITS ThEr¢ were no trusttts, r¢muneration or oih¢r benefits for the yehr ended 31 March 2024 nor for the year endtd 31 March 2023. Trustees. Expenses TherE were no tru5tees' expenses paid for the year etKl¢d 31 March 2024 nor for the year ended 31 March 2023. STAFF Cosrs 2024 2023 Wages and salaries Socia] 5ecurir>' ¢osts Other pension costs 310,703 2S232 24,751 243,949 8,640 17.363 300,686 269,952 The average monthly nurnber of employees durTng the yeaT was as follows: Charitsble Administtation 2024 2023 li No ¢mploytts received emoluments in exc of £60.(MKI. Page 16 continued...
CAMDEN COMMUNITY LAW CENTRE NOTES TO THE FINANCIAL STATEMENTS- eontinued for the Trear ended 31 March 2024 io. COMPARATIVES FOR THE sfATEMENT OF FINANCIAL ACTIVITIES Unrestyicted Designated fuod5 Restricted nds Total nd5 INCOME AND ENDOWMENTS FROM Donaiions and legacies 300 300 Cbaritable actlvities Legal adYi¢¢ 339.819 112,955 452,774 Total 340,119 112,955 453,074 EXPENDITLRE O Charitable activities l.egal advice Support costs 156,997 85,652 112,955 269.952 85,652 Totsl 242.649 112.955 355,604 NET INCOME I'ransfers between funds 97.470 (Iw,) 97,470 Ntt movement funds (2,530) i(MJ.otK) 97,470 RECONCILIATION OF FUNDS Total fijnds brought fotwdrd 246,424 300,( 546,424 TOTAL FUNDS CARRIED FORWARD 243,894 643,894 TANGIBLE FIXED ASSETS Fixture5 and riltings Compuier equipment Totals COST At l April 2023 Additions IlJ29 25J90 1,302 36,919 IJ02 At 31 Mareh 2024 IlJ29 26,692 38,221 DEPRECIATION At l April 2023 Charge for year I119 23AIO 1278 34939 1278 At 31 March 2024 11,529 25,688 37,217 NET BOOK VALUE At 31 March 2024 1,004 Ai 31 March 2023 1.980 1.980 Page 17 continued...
CAMDEN COMVIUNITY LAW CENTRE NOTES TO THE FINANCIAL STATEMENTS- continued for the year eDded 31 March 2024 12. WORK IN PROGRE 2024 2023 Work in progr¢sS 8fi824 85.425 13. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trdde debtors Other debtors prePaentS 1&199 134a29 16,746 1,480 9.548 15,045 169274 26.073 14. CREDITORS: AMOUNTS FALLING DLIE WITHIN O.WE YEAR 2024 2tr23 Trade creditors VAT Accruals and deferred Income 8.305 11,535 18,717 4.546 57,251 135,952 80.514 15. LEASING ACREEMENTS Minimutrt lease paymen15 under non-cancellable operacing l£ases fall due as follows: 2024 2023 Within one year Between one and five years 41.500 112,760 154.260 MOVEMENT IN FUNDS Net movemeni in fun&% Transfers buw¢en funds Ai 313.24 At 1.4.23 Unrestricted funds General knd aff and Premises Contingency Fund 243,894 41M).IMJO 139536 (100,000) loo,000 283,430 500,000 139,536 783.430 TOTAL FUNDS 643W4 139336 783,430 Page 18 continued...
CAMDEN COMMUNITY LAW CENTRE NOTES TO THE FINA]YCIAL sfATF.MEYTS- continued for the year ended 31 Mgrch 2024 16. MOVEMEf4T IN FUJ¥DS- eontinued Nei movement in fi]nd& included in the aiK)ve are a5 follows: Incorning resowces ResourcE5 eX]ded Movement in fvnd5 UNrestrieted funds General fund 402,6(16 (263,070) 139,$36 Restricted funds Trn5t for London City Bridge Trust The National Lottery Community Fund DVA Victimslsurvivors Immigracion advice 20.IMIO 49,024 70,129 41245 49,997 (20,1)0&) (49,024) (70,129) (41245) (49.997) 230J95 (230J95) TOTAL FUNDS 033,001 (493,465) 139,536 Comparatives for movement in funds Net movement in fvnds Transfer5 befm'een funds At 31.3.23 Ai 1.4.22 Unrestricted funds Ge¢raI fund Staff and Premises Contingency Fund 246,424 i(K).000 97,470 (100.000) l(HJ.000 243.894 400,000 546.424 97.470 643,894 TOTAL FUNDS 546.424 97.470 643,894 Comparntive ner tnovement in fund5, included in the atrKJve are as follow5.. Incoffting Resources expended Movement in funds Unrtstricted funds Gcneral fund 340,119 (242.649) 97,470 Restricted fund$ Ciry Bridge Trust Tht Naiional Lottery cor1Unity Fund The Access io Jusiice Foundation 48,115 (48.115) {44,340} (20.51M)) 20.500 112,955 (11? 9551 TOTAL FUNDS 453.074 (355.61H) 97.470 Page 19 continued...
CAMDEN COMMUNITY LAW CENTRE NOTES TO THE FI]Y ANCIAL STATEMENTS- contEnyed for the year endtd 31 March 2024 17. RELATED PARTY DISCLOSURES There were no related party transactions for the yearended 31 March 20?4. Page 20
CAMDEN COMMUNITY LAW CEKfRE DETAILED STATEMEYTOF FINANCIAL ACflVITIES for the year ended 31 March 2024 2024 2023 INCOME AND ENt)OWMENTS Donations and legacies Donatiot15 7A428 300 Investment illcornt Intrresi receivable- trading Ctharltsble aetivities Grants Legal advice Service Lev¢1 Co]]trdcts 230J95 186.280 135,000 140.151 177,623 135,000 551.675 452.774 Total iTreomiug rE50urceJ 6J3,001 453,074 EXPENDITURE Charitable a£tivitles Wages Social security Pensions Volunteer expenses Subscriptions & journals Profession21 insurance Lex¢el costs 310,703 25232 2I7SI 243,949 8.640 17J63 8,733 6,329 3.655 1.045 lJlS 370.737 280,985 Support costs Other Rent & rates Insurance Light alld heat Tekphone Printin& postsge & 5taiionery Repai & maintenance Bookkeeping Travel & 5ubststen¢e Bank charges Compufyr expenses Cleaning Miscellaneous expenses Storage Professional fees Staff trdining & expenses Carried forward 46.547 (1.607) 543 7.059 7,697 8,811 13.203 1,496 25 648 15,006 1,485 362 2,135 3,060 5,252 65,775 1.985 4J25 4,519 4.77 1,419 ,678 17.430 2,680 897 2J23 2S716 114,437 Thi5 page d(S not fornj pan of the thtUry financial ststements Page21
CAMDEN COMML'NITY LAW CENTRE DETAILED KrATEMEr OF FINAf4CIAL ACTIVITJES for the year ended 31 Marcb 2024 2024 2023 Other Brought fotivard Computer equipment 114,437 2278 65.775 3,069 116.715 68.844 coveranCe eosts Auditors, rernunetation 6,013 5.775 T(*al resources expended 493,465 355,604 Net Income 139J36 97.470 Thi5 pLoe does not fomi part of the stathtory financial statements Page 22