Registered number: 01903408 Clwity number". 292440 THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) Legal & Administrative Detalls Trustees D Sanglirajka. Chair B Wee- Treasurer S Abdallah N Khabirpour- resigned 25 June 2024 R Johnson Sswtt S Raniga J J¢nnings S Oat¢s- appointed 25 Junc 2024 R Islam- appointed 26 March 2024 Company registered number 01903408 ChariLy r¢gisteTed number 292440 Registered office 150 Ossu15ton Street London NWI IEE Company secretary SJElie Key Management S J Elle- Executive Director J Allen- Busine55 Elltffj)rise Manager Z Rahman- Job Hub Manager J King- Youth & Community Manager Auditors Simpson Wreford LLP Well¢sl¢y House Duke of Wellington Avenue Royal Arsenal Lonth)n SEI 8 6SS Banke CAF Cash Limited Kings Hill we Malling ME19 4TA
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) Contents Trnstee's report Indq)endent auditors, report Accounts comprising.. io Stst¢m¢nt of financial activiti¢$ Balance sheet 12 Statement of cashflows 13-23 Notes to the accounts
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 The Management Committee submit their Annual Rcport tog¢th¢r with the Accounts for the year ended 31 March 2024. Governance The members of the Board of Tnt8 conslitule Directors for the purpose of the Con)panies Act 2006 and are appoinied in accordance with th¢ Artides of Association dated Junc 2021. Somers Town Community Association (STCA) is a regiered charity and a Company Limited by Guarnlllee. It is run by a voluntary Board of Tnt¢CS, the only membeTS of the charity shall be those persons appointed as Trustees of the charity and all persons appoint as Trusl¢es shall be admitted as members. AppoiDtmeDt aDd Inducilon of Trustees The present Board of Trustees are responsible for the induction and trdining of any ncw members, when considering co-opting trustees, the Board has regard for any specialist skills needed. All ncw trustees undergo an orientation day to brief them on thcir Icgal obligation under ChaTiiy and Company law, the content of the Memorandum and Articles of Associatioll, the committcc and decision making PToces8. the organisation planlsand the recenl fllwi¢ial perforniance of the charity. During the induction day they will meet employees and other trustees. Trustees are ¢nUraged to attend appropriate cxtcmal training events which will facilitate the undertaking of thcir Tolc. Org1$tIOn The charity is organi8cd in accordance with its governing documents and the deliverancc of Asswiation business. The Board of Trustccs meets on a quorterly basis so as to manage its affairs and the day to day managem¢nl 18 Ihe T¢spollsibilily of the Executive Director Mrs. S Elle M.B.E. The remaining staff are employed to run kcy servi¢e5, programme activities. or have specific adTllilll5trdtive or building snsibilitIes. Risk Management The Board of TnceS have asse&8ed the major risks to which the Association is exposed, in particular those relata to the op¢rations and finances of the A85(Kiation and are satisfied that sysl¢ms aff in place to mitigate exposute to risk in¢lu5ive of..- An annual review of the risk thc charity may face. The establishment of systems and pn)CedUr to mitigate identified and potential risks. The implemcnlation of procedures designed to minimise any potential itrLpact on the ¢harity, should those risks Matla]iSe. Somers Town Community Association Reserves poIi¢y' Quarterly Board of Trustee mectings, bi monthly Sub-committee meetings inclusive of Finance and HEL combined with quarterly finoncial revi¢w meetings and an Amiua] Budget covcring Association income and exp¢ndilur¢. tring this year the knard reviewedluplatcd thc Ass(Kiation Risk Register template and its contents, whilst also updating our Charity Ch¢¢klist. Fundralslng Actlvhles The Foundation does nol wry out any fimdrdising activities.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Obje¢¢lves and etIeS Somers Town Community Association is a Charity dedicated to providing cohesive, inclusive and innovative services. We strongly support empowering our community to create and spearhead all acliv¢ and responsive organization. This organization aims to producc a m¢aDingful and positive influence at every level of people's lives. We value community in all its diversity and work vigorously with others to pursu¢ tkL¢S¢ valu. The principle objectives alld principle activities continue to be to promote the bellefit of the inhabitants of the Somers Town Elt0111 Ward and the neighknurhood without distinction of race, colour, n&tionRlily. ethnic or national Origi s¢x. maritsl status. gender reassigntnent. sexual orientation, religious belief, disability, heal age or other opinions by associating with the local authorities. voluntary organisation5 and illknbitsnts in a common effort to advance ojucation and to provide facilities in the interests of scKial welfare for recreation and l¢i8ur¢ tim¢ owupation with the obj'ecl ofimprovijyg the conditions of life for the said illbabitallts. The stralegies employed io achieve ihe charity's objectives dre to.'_ Offer a broad and open prograD]me of activities so as to ensure the whole community are able to access the centres progrllme. Engage the local cottllnunity within thc dcvclopmcnt and deliverance of the activities programme, utilising a muliitude of mechanisms inclusive of our websitelsocial m¢dia, newsletters, flyerslposter& volunteering pro8tzmme. con)munity rescarch¢rs. gUlar consultation4 commuuity forums and ¢lrftion onto the of Trust and Sul Committees. Seek to establish greater liJ)k8 Within the community so as to maximise our impact. inuease our trach and ourcapacity. inclusive of extensive partJ)ership and collaborntive WOTking. Strategtc ain l. Enabling better awareness of and access to health and wellbeing for everyonc iu thc wmmunity. 2. Reducing ineqyalities around access to education, training and cmployment for everyone in the 3. Building resillence and advocacy.. ellLpowering everyone in the community lo access knoWIge and be better ¢quipp&l to 1p themselves. Values STCA'S values identify what is most import8nt to the organisation in tbe way it deliv¢rs th¢ vision. mission and strategic aims. STCA al lo be.. Challenging and comtnitted. working in a way that reflects both prnfessiona]ism and a caring atlityde. Empowering and ¢nablin& WO18 in a way that is collaborntive and collllnullity-led. Cdible and trustworthy. working in a way that demonstrdtes transparency, inclusivity and accessibility. Public Benefit Te$t Under the tenn8 of The CFJaTYties Act 201 l. the B(th of Trustees have a statutory duty to report on Ihe Charitys compliance with the Public Benefit Test. The Board of Trste¢S ¢onsider that the aims and objectives of the Association are able to deliver a public benefit and have given due regard to that fact.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Our Mission Statement and Strntegic Aims, both of wkn'ch have been reconsidered and mised as pth of the development of OUT 2020-2025 Business Plan ¢nsure that at all times we are accessible and inclusive in both our delivery and in our on-going development. Aclivilies The Principl¢ ath1viti during the year in th¢ delivery of our aims and obje¢tiv¢s in¢ludal the provision The Somers Town Job Hub. The St Pancrns and Somers Town Living Centre delivLg health and wellbeing services. Youth programme. Community Cafe in partnership with partners Think and Do, Somers Town Big IAJcal. Feast with U8, Community Kitchen, Camden Council and Elfrida Rathbone Camden Community Climak t£arning Hub Health and wellbeing activities. Make@Storygarden. This year we Continued to work with local partlle in¢lusiv¢ of Camd¢n Mobile food banK Eusion Flxmlbank. Camden Council and C4WS to ensure loca] Tesidents are able to access food and necessilics. We also continued to act as a warni Space during winter and 8UPPOrted people to access various cost of living support funds. Organisationally we continued to WO to ensure that the environment and sustsinability are threaded into all of our services and activities in a way that seeks to llte, inforni. cnable and guide our users as to the impacts of clin Change, bul in a way that does not detract from the immaliate chauengeslissues tbat brought them into our centres. Addressing both simultaneously. ou0¢$ STCA'S SeICe and project provision is frtussed on the outcomes we seek for our commurtity and beneficiaries. Some of these outcomes are listed below: . Scryice users will be more able to makc choiccs & to livc morc indcpcndcntly for thcmsclvcs" • Users will lead healthier lives in ternis of physical fitness, nutrition & general health awareness. • Users will take more opportunities for personal development and learning tl)rougbout their lives. . Individuals become active within their Communities and make positive contributions towards them,. • A sense of community whereby individuals identify positively with others with whom they share the centsr or the n¢igbi%)urhood ond feel they belong. . Witl)in those communities aa increased commitment to care for and to include those who are either vulnerabl¢ of excluded. . Increassj awareness of enyironmelltal issues & practices of sustainable use and reuse of natural resour¢es' . In¢r¢ased social in¢lusion & recognition of the value of diversity" . Improved community safety & reduced fear of crime" . Reduced local unemploymcnt by providing support, trdining & advicc to thosc sccknng work. . Growth of new employment oprrt)rtunities tljrough the development of new local services and social enterprises; . More active living by providing a pmgrdttune of activitie5 that actively engages people mentally andlor physically, Improved social cohesion by increasing acquaintanceship, frielldship and social interaction bctwccn ditTerenl groups and individuals in the community. . Better mobility and access for those with mobility problems through affordable transport, acctssible facilities and inclusive pgrammIng.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 A¢bievements and performance Achievanents and perforjnance The financial results for the year are set out in the Statement of Financial Activities on Page 13. The A8sociation has a surylu5 Position of £147.613 which is made up of a sUlUS of £69,676 on CO fiykds & a sutylus of £77,937 on $trActed fund8 as at 31 March 2024. The Board of Trnst¢es considers the following to be key achievements on tbis year.'- Y4ew iD¢oming r¢50ur¢es E. Camden Council Economic Development £56,055 (Job Hub) 2. LB Camden- Future Neighbourh(XKI_ £265.050 3. Phoenix Court Works do]tIon- £25.0(M) 4. John Lyons £45,000 5. Camden Advice Partnership £20,OIXI 6. Community Resilience, Camden Council £30,000 PerformAnce During this year the strongest statement that can be made is that we are fil1allY soun¢ we have held onlo aIl of our 8taff for this financial year and at least the next 12 months ahead and we have the requisite SAX months olnuming expenditure for both STCA ¢or¢ and the Living Centre. Finantial revie The statement of Financial knivitie5 shows income for the year as £1,003,420 (2023: £926.865) and total expenditure of £855.807 (2023: £863.961). There is 8m overall SUTplus position for the year of £147,613 (2023: £62,379) wELich is made up of a surylus of £77,937 oll restsicted (2023: d¢fi¢it of £8.769) and sUlUS on Ullrestricted of £147.613 (2023.. £71,148) Reserves Policy The Board of Tn bas an)ined the Charity's requircments for reserves in ligbt of the main risks to the association. It has eslablisbed a policy wh¢r¢by the unr¢stri¢t¢d fijnds not Committe bul held by the Charity should be 6 months of the planned Centre and Governance expenditure. Budgeted expendituff for 202425 is £2(K),121 for the core hence the Board of trnstec8 considcr thc ycar-end balance to be suiTicient to meet this commitment. Similarly, the Living Centres budgeteAI expenditure for 2024-202 is £323.203 18 suificient to meet this commitment. The reserves are needed to meet the working capital requirements of the cljan.ty aud the Board of Tntstees are confident that at this level they would be able to wntinue th¢ cunEnt activities of the association in the event of a significant (bop in fimding. The reserves are needed to meet th¢ WOlg capital requirements of the clwity and the Board of Tn18tccs are confident that at this level they would able to cotttinue the eurnt aetiviti¢s of the association in the event of 2 significant drop in funding. Enabllng lthr awareness of and aeee88 to health And wellbeing for everyone in the communlty To continue to work with our health partners inclusive of C8Jndell Health Evolutio to build an open and accessible pr()gran)me of health activitieslservices at the Living Centre To continue to deliver our C(M)k it Yourself sessions. linking in health and wellbeing. healthy mindlbody and planet recipe advice and food waste reduction tips To raise on-going filluling for our Felle Health Advocat¢
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 To ntInUe to deliver our Grow it Yourself sessions and ]ink in with the Cook it Yours¢lf sessions and the n¢w Climate Con]munity Learning Hub To work more Closely with older persons delivery partners to increase awareness and acces8 to health and wellbeing services delivered in the locality for Ihis priority group To work with Childr¢n Centre SeLvices to support the developmen¢ of the Family Hub network in the locality To deliver r¢gular monthly newsletters and support the delivery of the new Seasonal Activilies newS1ter in partnership with Ial partners To add Health and Wellbeing page to new tiving Centre web8ite8 and ensure they kept up to date To deliver a Health partners event in Februarylmarch 2025 to showcase our worklresources and identify fvture collaborative polentiat Redueing illequa]itie8 around 8dccesS to education, training YdDd employment for everyone in the community To continue to grow and develop th¢ Somers Town Job Hub, in partnership with Good Work Camden and partners, withnew areas of interest being Ihose economically, gtren jobs and delivery of joint training with Camdcn CounGil To look to develop a l(Kal Employme Charter to share with local employers To achieve Disability Confident Employer stattks To review our Recruitmcnt and Selection policy and procedures to engLe that we are fair. open and accessible to all To work with Camdcn CoullGil and Somers Town Neighbourh(x)d Forum. as ld partners to ensure the delivery of pbase 3 of FN2030, the project evaluation & what next stage inclusiv¢ of gre job ¢reation To deliver a Business event in January 2025 to showcase th¢ work and invitc potential sponsorslpartners To undertake a Teview of our Equalityy Diversity and Inclusion policies and imp1cme a5 part of thc Busin¢ss Plan 2025 development To undertake an exterDal satary benchmarking ex18¢ inclusive of a rcview of London Living Wage ¢ommitments across tILe sector Buildikng resilience and advocacy: empowering everyone in the ¢ommuDity to access knowledge Ind be better equipped to help Iben)selves To undertake two external evcnts for us¢rs and stakeholdus in the developlllent of our Business Plall 2025-2028. and feed the feedback into the BP itself To work with CSM and Global Generation on the What Next for th¢ Story Garden and Make beyond 2025, inclusive of discussions around meanwhilc space use afier the site moves into development phase of the new British Library To lead locally for the community and beyond as a m(Trdcl for other centreslVCS organisations on the climate behAvioural change naative through the development of the Climale Community Learning Hub at STCA To work towards becoming a Carbon Literate organisation Bronz¢. Silver and then Gold 2025 L£ad on the Business, Employment Education and Trdining sub-group of thc SotfLers Town Neighbouthood Forum, as part of achieving designated status of the local plan for phase 3 of the Somers Town Future Nei¥hbourhoods 2030 prograoMn¢ To build a closer working relationship with STLAC (some Town tkgal Advice Corner) To establish Consulting STCA. to launch in April 2025, whiGh will WO with small/medium groups to upskill and suptrf)rt
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 Somers Town Community Association (STCA) is a registetrd charity and a Company Limited by Guarantee. It is run by a voluntary Board of Management Conunittee memba3 made up of groups usin¥ or based at the centre and people who live or work in the I1 community, who bave come together ill a common effort to provide low cost activities for people who would nol otherwise be able to accc55 the¥ll. Statement of the Board of Trystses Responsibilities The members of the Board of TTUSt¢es are responsible for preparing the Annual Report and the Financial Ststemts in accordance with applicable law and regulations. Company law requiT¢8 the mnber8 of th¢ Bo8ry1 of TTUSte¢8 to pr¢p8r¢ financial 5tst¢ment8 for ¢a¢h rjnancial year. Under that law, the members of the Board of Trustees have elxtd to prepar¢ the fllwi¢ial statement in accordance wtth United Kingdom Generally Accepted Accounting Practice (United Kingdom Aeeounting Stsndards and applicable law). The financial statements are re<Juired by law to give a true and fair view of the state of affairs of the company and of the surplus or dcficil of the company for that perio In prepaTing these finaucial 5tstement5 the M]berS of the Board of Trustees are required to:_ Selt suitsbl¢ accounting policies and apply them consistently make judgcment and estinlates that reasonable and Prud¢ prcparc the financial 8tatements on the going Concern basis uJ)less it is inappropriate to presume that the ASS(latiOn will continue its actLVlties. The members of the Board of TnLs¢¢es ar¢ r¢sp(msiblc for the management of th¢ Association's activitie8 in accordance with its Memorandum and Arti¢l¢s of Association and the keeping of prOr accounting records which disclose with reasonable accurw at any time the fmancial position of the Asso¢ialion, to enable ensure tbat th¢ fllwicial statements comply with the Companies Act 2006. They atr also resF%)nsible for safeguanling the assets of the Association and 1ce for tsking reasoDable st¢ps for the prevention and detection of fraud and other irregularities. Disd08ure of infonnatlon to Audltors ]n accordance with company law, as the Members of the Board of Trustees. wc certify that.. So far as we are aware, there is no relevallt audit infOrntIon of which thc compangs auditors are as th¢ Members of the Managcmcllt Committee we have taken all thc stcps that wc ought to hav£ taken in order to make ourselv&8 aware of any relevant audit inforn)ation and to establish that the charitys auditors are aware of that infomiation. The trnstees have complied with their duly in Section 17 of th¢ Chwiti¢8 Act 2011 to have due regard lo the public iKnefJt guidanc¢ published by the Charity Commission. Sign¢d on t*half of the board of Trustees on 3 October 2024 D Sanghrajka
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR ENDED 31 MARCH 2024 Oplnion We have auditd the fmancial slatements of The Somers Town Community Association (Camden) {the 'Charity') for the year ended 31 March 2024 which comprise the Ststemenl of Financial A¢tivits"es.. Balance Sheet and the related note8 to the fiwcial statemenL8. including a summary of significant accounting policies. The fmancial reporting framewoTk that been applied in their prq)arntion is applicable law and United Kingdom Accounting Standards. including FInCIal Reporting Standard 102: The Ftnancial Reporting Starjard appl?¢8bl¢ in the UK and Republic of Ireland (United King(*)m Generally Accepted Accounting Practice). In our (Vini0 the fman¢ial statements: give a true and fair view of the state of the Charity's afftirs as at 31 March 2024 and of its in¢omin8 TC50urGcs and application of resouwes for the yew then ended. have been properly prepared in accordance with United Kingdom Generally Accepted Accountitig PTrciice,' have beenprq)ared iti a¢cordan¢e with the requirements of th¢ Compati1 A¢t 2(X)6, Basis for opinlon We n(kn¢t¢d our audit in aOrdanCe with International Stsndards on Auditing (UK) (ISAS (UK}) and applicable law. OUT resFonsibilities under those standards are fiwther des¢ned in the Auditor's resp)nsibiliti&q for the audit of the fman¢ial ststements section of our report. We are indeF¢ndent ol the Charity in a¢¢ordance with the ethical requirements thatore relevantto our auditof the fJnan¢Aal ststements in the UK, including the FRC's Ethical Statjdard, and we have fulfilled OUT other ethical responsibilities in a¢¢ordance with these requirements. We believe that the audit ¢videll¢e we have obtsined is sufficient and appropriate to provide a basis for our opinion CoDc]llonS rdating to going eoncern We have nothing to rqK)rt in respect of the following matters in relati¢)n to wbich the ISAS (UK) Tequire us to Teport to you where.. the In1$. use of the going Concern basis of a¢CoLting in the preparation of the fmancial ststementb. is not apprcyEia¢¢' or the truslees have noi disclosed in the financial statements any identified material uncertainties tbat may cast significant doubt about the Charity's ability to continue to adopt the going concern basis of accounting for a period of at leasl twelve months from the date when the fu¢la1 statements are authorised for issue. Other Inforn)•¢l•n The tTusfres are respon7)1¢ for th¢ oth¢r infonnation. Th¢ other infonn8tion ¢ompris¢8 the infoThtion included in the aunuai report otIr the fitwicial statemellts and our auditor's rewrt there0 Our opinion on th¢ flnancial ststemcllts does not cover Ihe other lDf0rlltioD al, except to th¢ extent otherwise ¢xpli¢itly stat1 in our report, we do not expre&s any forni of assurance conch10 thereoJL In conncctiim with our audit of the financial statements, our rG8POns1Thility 18 to read the otb¢r infornwtion in doing so, consider whether the other inforniation is tnaterially incon5i5tellt with tlle fmancial statements or our knowledge obtsined in the audit or otherwise appears to be Tnaterially misstated. If we identify such material Anconsistencies or apparent m&terial misstatements, we are required to detertninc whethey there is a material missiatement in the fjnallcial ststements or a material mi&4tatement of the other itifornlation. If, based on the work we have perfornied. we conclude that there is a terial mi&statement of this other Infor[li0n. we are required to report that facL We knve nothing io Teport in tbis regard. Oplnlons on other mAtters prescribed by the Cfjmpatiies Ae¢ 2006 In ow ¢)pitsion, based on the WO ertaken in the Course of the audit.. the infonnation given in the tru8tees' report (incorporatillg the strategic rwlrt and the directors. report) for the financial year for which the flnancial ststtments are prepared 18 consistent with the fmancial statements. aDd th¢thtees, report {incorpoTating the straiegAC report andthe directots, report) have been prepared inaccordance with applicable legal requirements.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR EIYDED 31 MARCH 2024 Matt¢r$ on whicb Yrfe are required to report by eeption In the light of thc knowledg¢ undeThtanding of the Charity and its envirot)ment obtained in the wurse of the audil we have not idetktifieAI material misst4t¢ment8 in the Tru8tees' AnDual Rep We have nothing lo Ieport in resp¢Gt of the foik>wiAg D)atteTh in Telation to whicb the Compallics Act 2006 requir to rewri to you if, in our opinion.. adequate aCnting records have not been kept or retutLs adequate for our audit have not been re¢eived brdnches noc visited by us. the fala1 statements are not ID agreement with the accounling records and retums. we have not obtained all the itiforn]ation and explanations necessary for the purp08a8 of our audit,. the directorswere entitledio prepare the finan¢io1 $tAtements inac¢ordan¢ewith the small Companies. regime and tske adv8ntsge of the small Companies, exemptiort in preparitig the directors. report and take advantage of the small compatiies. exemption from the requxrement 10 prepare a 8trate8i¢ report. Responslbllltles of the trustee8 As explained more bjlly ill the thtee9. rwonslbilities statement set out on pages 9-10, the trLLsLee8 are ret4)OJL8ilyle for the prepati0ll of the fall¢la1 statements and for beitig satisfied that they give and fair view, alld f<x Such internal contril as they deterniine is necessary to enable the prep8ration of financial stsletnents that are free from aterial mi88tatenM¢ whether due to fraud or error. tn preparing the firjancial statements, the tslee$ are responsible for &8ses5ing the Charity's ability to conlinue as a going wllcem, disclosing, as app]icabl¢. matters Telated to going concern and using the going concern basls of counting unless the In]sttts either intend kn iiquidats the Charity or to ¢¢as¢ operations, or have no realisti¢ alt¢rnJtiv¢ bu¢ to do so. Our respollsRbAllties for the audfit of the finatteial $tatements Our objectivcs are to obtaill reasonable assurdnce aboul whether the finallciai statements a whole are free from material Tlli&statCmEll¢ whetheT due to fraud or error, &nd to issue an auditor'5 rq that IludeS our opinion. Reasonable assurance is a bigh level of assurance but is not a gugrantee that an audit cOnd*d ID aOrdanCe with ISAS (UK) will always detect a Marial misstatement when it exists. Misslatements call aris¢ from fraud or eOr and are c4)nsidered material if, individually or in the aggregate, they could reasonably be expected mfiuence the economic decisions of users taken oll the basis of these financial statements. A fier description of our responsibiliti&8 for thc audit of the financial statements is located on the Financial Reporting Cowicil's website aL [www.frc.OT&uWaudit0eSpOD9lbi1iti¢5]. This deiption forrfjs part of our auditor's rert. Extent to whlch the amdlt WA8 ¢onddered ¢gpoble of drte¢dng Irreguigrities itttludiDg fraud the engagemeDI partner ensured that the engagement t¢arn wllectively h1 the appropriat¢ CopetenCe, capabilities alld skills to identify or recolse non-eompliance with applicable laws regulations. we identified th¢ laws and regu]ations applicable to th¢ company througb dis¢ussions with directots and otller rnanagem¢Dt, and from ¢)ur comtnerci81 knowledge and experi¢n¢e of the ¢on]puler software and SLWrt sector. we focused on Splf1¢ laws and regulations which we considered may have a dIrt nYdt¢rial i)n th¢ fm4ll¢ial State¢15 or th¢ ¢)perdtions of th¢ wJ)]pally. inoluding th¢ CompaDies Act 2006. dath proiection alld FCA regulatioI we 4sS¢5s¢d the ext¢nt of compli4nre with the laws and regulations idenlifi¢d above thTough makjng enquiries of mallagem¢nt and inspecting legal correspond¢nc¢' and identified regulations were communicated within the audit team regularly And the team remained alert to instances of JKJn-comp1iae throughout the audiL Audlt response to rtsks Identlfkd Wc aSsed the suscq)tibility of the company's finxttcial statements to material mi45toiemenL in¢luding obtaining an under5taThding of how fraud D]ight occur. by: making etlqlliries offt)ana8ement AS to where they ¢ottsidered there w&8 sus¢q)tslJility to fraud, theirkllowledge of acts1, suspected and alleged fraud. alld considering the internal controls in place to mitigate rAsks of fraud attd non.con4)llan with Jaws and regulations.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR ENDED 31 MARCH 2024 To address the risk of fraud through management bias and ovuride of ¢ontro]s, we.. fornied aDalyti¢al procedures identify any unusual OT unexpecied relationships. tested journal entries to idenlify unusual transtions. &sSesd whetheriudgements and aptionS made iti deteminitig the Oll(l8 estitllates set out in Note I were indicative of potential bias,. and investigated the ra¢ionale behind significaDt or UDLLsual transactio. In response to the Tisk of itTegularlti and non-compliance with ]aws and regulations, we designed procedures which includeiL but were not litnited to: agreeing financial statement di10$ur¢S to underlying WPFWting do¢uTnetttatioll and. enquiring of nmnagemenl as io ackn1 and p)tential litigation aud ¢laints. There are inbereni ]iJnitaiions in our audit procedures de5CTib¢d abov¢. Tb¢ more removed tbat laws and regulatiitrlls xe from fu1¢la1 transactions, the kss lik¢ly itis tbai wewould beeome awareof non.complianee. Auditing s¢aFLdards also limit the audit prwedures requir to idelltify llott-compliallce witb laws and rekwlations to thjquiry of the directors and othernthnagement the itispe¢tton of regulatory and legal eorrespondence, if any. Material mi5Statenwits that aris¢ du¢ to fraud catt be harder th detect than those that arAse from UTor &$ they may involve delib¢rat¢ wnc¢a]m¢nt or ¢ollusion. Use of our report This report is madc 501ely to the ChaTity's members, as a b(dy, in accordance vrfith Chapter 3 of Part 16 of the Companies Act 2006. ()ur audit work has been undertaken so thal we might state to the Charity's members those matt3 we are required to tsrtate to them iti an auditor's rep and for no other putpose. To the fullest extent pernjitted by law, we do Dot accept orassume Tesponsibility to anyone other the Charity's member% &4 a body, forour audit work. for this or for the opinions we have forned. Kate Taylor FCA (Senior Statutory Audltor) for and on beh4if of Sin)piott Wreford LLP, Stathtory Audltor Wellesley House Duke of Wel]ington Avenue Royal Arsenal London SE18 6SS D&ted: 9 December 2024
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) STATEMENT OF FINANCIAL ACTIvrrIES (INCORPORATING tNCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024 Unrestslcted 2024 Restrlcted 2024 Total 2024 Totsl 2023 Note Ineome from: 112.613 112.613 114.807 CIMritable activities 145.741 728.909 874,650 807.430 InveslmeDt income 16.157 16.157 4,628 Totsl Income 274511 1003.420 926 865 ExpendltuTr on: 2,032 1,906 3,938 1.313 Charitsbk a¢tiYits¢$ 670.991 670,991 709.889 Operation of centre 180,878 180,878 153,284 Total Expendlture 182.910 672 897 855 807 864.486 Trnnsfer beteell fwids 13 (21.925) 21.925 Net Movement of Funds 69.676 77.937 147.613 62,379 Reconclllation offunds Fund8 a¢ l April 2023 Futtds at 31 March 2024 649.364 586 985 579 340 217 637 The Staiemenl ofFillancial Activities includes all gains and losses in the year. All income and expenditur¢ derive from continuing activities. The notes on pages 13 to 23 fonn part of these ruwla1 ststements. io
, Chair
Company Number: 01903408 (England & Wales)
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2024 2024 2023 Notss Cuh llowl from operllng OtltIeS. Net provlded by (nstd in) optrntiDg tiviliei A8 91.056 Camh flom from hhvestIn8 tideS. Ithrest relld Net c4gh provlded by (ed In) InV•$th %tlvllks 1&157 16.157 4,628 4.628 Change in Cash and ¢4$h ¢vaknts in th¢ poNlgErTxl Cash atxl ¢ash ¢qu1k1)ts at the be8i]nD)8 of tTr¢ r¢1xAlti)gwa Cash cash equivalents at the end of t reF*Jtllig peTDd 95fj84 580.648 676J32 676332 758 12
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 l. Accounting Polficies J.1 Accounting conventton The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of R0Mmended Practice applicable to charities preparing their accounts in accordance with th¢ Financial Rwrting Stsndard appIlble in the UK and Republic of Ireland issued in oober 2019, the Financial Reporting Stsndard wilicable in the United Klngdom ajjd Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Generally Accq)ted A¢counting Practice. The Somers Town Community Association (Camden) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially r¢cognised at histori1 cos¢ or tranSlI0n Val unless otherwise stated in the relevant accounting policy notes. The TrSte¢S consider there are no mateTAal uncertainties about the Charity's ability to corLtinue as a going concern. 1.2 Charity information Ibe Somers Town Community Association (Camden) is a registered charity, registration number 292440 and in consequence is exempt from taxation on income arising from and expended on its charitable activities. The charity is a company limited by guarantee, incorw)rated in England and Wales. The registered office 18 150 Ossulslon Str¢eL LO]0 NWI IEE. The financial ststem¢nts atr prared in sterling. which 18 the fimthional currency of the charity. Monetary amounts itk these fiDan¢ial stalements are rounded to th¢ nurest £. During the year, the affairs of the ASslatIon were managed by the Committee of Management who ¢onslitute Director5 for the PUryK)ses of the Companies Act 2006. In the event of the charity bein8 wound up. the liability in respect of the gllAra is limited to £1 peT member of the charity. The fmancial statements are prepared under historical cost conventioL The wincipal acwunting policies. all of which have been applied consistently throughout the year. 1.3 Going Concern At the time of approving the financial statements the tnjstees have a Nsonable expectation that the eharity has adequate T¢source8 lo conlinue in opcralional existence for the foreseeable ture. Thus the trustee8 Continue to adopt the going concern basis of accounting in preparing the financial statements. There arc no mat¢tial uncertainties about the charity's ability to continu¢. 1.3 F¢dA$s¢1$ The cost of all equipment acquired is written off in full in the year of acquisition. 1.4 Income & Eyenditure recognition and Support Costs allocations Inconle is recogllised when the clwity bas entitlement Éo the fids. any perforniance conditions attached to the items of income have been meL it is probable that the income will ix received and the amount can be measured reliably. 13
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 MARCH 2024 The Charity derives a substantial proportton of its income from centre activities fimding for specific projects and in re£ent years, letting income. Such funds are recogoised and ent¢r¢d into the accountillg records whenthey received. Coronavirus JobRetention Scheme (CJRS) grant income iSPTesented gross (and not netted off against expenditure). Income is deferred where there is no entitlement for the fimds as at th¢ balance shed dale. Other income, sucJL as bank intercs( is accounted for when receivabl¢ and the amount can be measured reliably by the clLarity' this is nornially upon notification of interest Paid or payable by the bw)k. All expenditure is accounted for on aCcn& basis. Support costs are those that assist the work of th¢ chariiy but do not directly represenl charitable activlties and include office costs, goven)Ance costs. adtlliIllstrdtive payroll costs. They are incurred directly in supikn of expenditure on the objects of the charity and include projecl management C4nied out boih cell1 8. Where support costs cannot be directly attributed to partieular headings they have been aIlWat to ¢ost of expenditure on ChItable activities on a b&sis ¢onsist¢nt with us¢ of the resources. Debiors and creditsrs receivobl&/payablg within oney¢or Debtors and creditors with no stated interest rate and receivable or payable witbin one year are record at traJ)saction price. Any losses arising from itnpairmenl are r¢(x)gDised in expenditure. 1.6 ClrIbIefyn% Unrestrictsd fiujds are reveDue nds, principally Grant Ail and Letting incomc used to run the association on a day-to48y basis. Trse are available as general fid$ or for pury)oses as dcsignated and agreed by ail Ihe Trustees. The Asso¢iation have discr¢tion to usc such funds within the framework of its arU&L grant application to Camden Council and in line with the conditions of Grant Aid. D¢sigDat¢d funds are ufjre8tii¢te&fvnd8 ¢aTmark¢d by th¢ Tru5t¢¢s for paTiicularpuryoses. Restricted Funds are grants received from ally source for the sole use of st¢¢ifi¢ prOjts for which the fimding was granted. At the discretion of the Management Committee, once a proje¢t has fillfilled its condition4 remaining balances are Ferniitted to be transferred between appropmle fimds. 1.7 Financial inslrt4Tnents The charity has dectcd to apply the provisions of Sertion I I 'Basic Financial Instnllllents, and Section 12 'Oth¢r Financial Instrum¢nts Issu, of FRS 102 to of its financial instruments. Financial instrumetLts are Tecognised in the cl]atity's balBnce sheet when th¢ ¢l)arity becomes party to the contractual provisions of the instnllnent. Financial assets and liabilities offset. with the net amounts presented in the fitwicial statements, when there is a legally enfoTc¢abl¢ right to Set off the recognised amounts and there is an intention to s&tle on a net basis OT to realise the asset and settle the liability sitnultarLeously. Basi¢ financial assets, which include debtors aDd cash and bank balaDCeS. ar¢ initially measured at transaction price including transaction costs are subsequently carried at amortis¢d cosl using the effective interest method un]ess the amgement constitutes a financing transactio where the tTansaction is measwed at the present value of the tUre receipts discounted at a market rate of interest. Financial assets classifi¢d as re1vable within on¢ y¢ar are nol am¢)rtised. 14
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Basic financial liabilities, including creditots and aCcnlS are initiallyrecognised attrnnsactionprice unless the arrangement constitutes a finattcing transaction, where the debt instrument is measured al the present value ofthe future payments discountedat a marketrateofinterest. Financial liabiliiies classified as payable within one year are not amortised. Trade creditors are obligations lo pay for goods or services that have been acquired in the ordinary coue of operations from suppliers. Amounts payable are classified as current liabilities if payment is due wiihin one year or less. If llot, they are presented as non-currenl liabilities. Trade creditorn are r¢¢ognised initially at trallsaction prkce and subsequently measured at amortised cost using the effective interest method. 1.8 Retiremeni benefits Payments to defin¢d contribution retirement nefit schemes are charged as an expense as they fall due. 1.9 Leases Rentals payable under operating leases are charged ts) the Statement of Finan¢ial Aetivities on a straight- line basis over the period of the lease. 2. Crltleal aceounting estlm4tes and Judgenjents In th¢ applicalion of the charity's accounting lIC1C thc trusle£s requiTcd to makc judgemcnts, estimates and assumptions about the carrying amount of assets and liabillties that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experi¢e And oth factors that are considered to be relevant. Acthal results may differ from these estimates. The estimates and under]ying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period ill which the estimate is revised where the revi8ion affects only thai Peri04l or in the period of the r¢vision and fvtur¢ periotLs where the r¢vision affects both current and fvtur¢ periods. 3.1 Grants and donations UnrEStrirted Restiictfd 2024 2024 Total 2024 To¢•1 2023 GTrnts and DoDation¥ Donations London Borough of Camden Strategic Parther Fundtsig Eltral Cost Reimbursement 27.613 27,613 29,807 85.000 85,(KK) 85,000 111613 112.613 114,807 15
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 MARCH 2024 3.2 Cbarltable ineome UttreIl¢led R#tritt 2024 2024 Tot1 21124 Total 2023 Charltsble Actfvltks Big Lrtal Trn5t Big L&t¢ry BME Ernpl(ym¢nt Projert ILB Carnd¢n) Breakfast Club Camden Advice Pathetsh4) Camdett CentrAI Nbourh(m)d Camden Givtiw (Employment Fund) Camden Healthy Livtijg Centre Camden yOth FO18¢m)n Camden- FuwTe NeiOJbourhood Desigjated Youth Fund Frauri5 CrKk In5titut¢ Fran¢ig CrKk Enstitut¢. Cookins Proj¢¢t FuTkN]8h Grant Jturc Ne1]bOhd FuTJd JdTr Hub Jthn Lyths Kitchcn s(] Lctting It)come Living Centre Hire NatK)tLa] Lottcry Awards for A Natiotlal Lottuy s[s Youth RrsikThc¢ Comrnwiity Fding T Facior Communty Joumoltsts VAC Café Income Sundry Incott)e 5.OLN) 18,693 56,055 s,0 l8.693 56.055 84,980 57,3( I,0 20.0(K 28.280 29.804 20,0 20,LNJO 3D.orx) 5.0 265.050 30,(M)O s,0 265,050 30.(NXk 8,(K)O 220,108 215.11 5,0(X) 215.106 5,LXIO 104,441 280 45,0(M) 151X) 280 45,(KK> 15 33.549 99.731 43,(AK) 33.549 99.731 37.923 94.114 9.520 13.521 30,OLX) 6,628 11,076 13.521 30.1KK> 6.628 11,076 8,5 7,650 21.304 12.461 11461 145.741 728.9(Y) 874.650 807 430 258.354 728.9( 957.263 922 237 16
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTtVITIES FOR THE YEAR ENDED 31 MARCH 2024 4. Ineome by activity Re#rleted 2024 Actlytly 2024 To¢1 1024 Tothi 20LI 20,fKK) 20.000 20,0 9,520 61,772 28,280 29,804 84,980 Aw8rds For A BME EmpbyeI Ptoi¢£t Cam(kn Cemrnl NeWJbDurhiKwJ C'arn&n Oivin8 F.TnPknYrnt fvnd Climatr knn Fund C'oDktiis Pmjt¢t 56.055 56.055 18,693 18.693 99,731 215,106 314.837 332,352 8.0 104.441 tksyLed Youth Fvkn¢N¢isbbDuthd LiwCeDtre 265.050 30,000 280 40,000 2,500 3U,O(W) 265.050 30.OLK) 280 40.OLK) 2,5NJ 30.0(K) 149.660 Job Hub Jobn Lyons Resiknce Communrty Sonjers Town CeDtre Swrt5 yOth Sumowr Youth sdry T Factor CornDMEnty VAC Yowh CT[. YDllth Oirb Grollp Youth Rc5wknrol 8,500 154.721 149.660 8.963 13.963 9.910 6,405 628 6.628 11,076 5.0 5,000 5,000 30,000 3,6(YJ 258.354 728.909 6J 932 285 258.354 728 909 63 5. Total expenditure expthkn111U lots] 2024 Totsl 211LI TDiurwKc Bgnk eha Bod debt 1.79 3,582 88 5,227 72 525 8,053 1292 5.200 7.972 4.5 4.590 2.610 5,350 20.592 8.r23 13,826 12J,?96 80,139 Athlit Fee It1 & prof¢55K?r Ulibtits 0ifKe co*5 5.350 8,40 7.152 2.148 18.823 148.874 71,877 574,446 3,674 9.758 Premise5 COMS 41.958 487.376 1.289 2.032 665.192 94,341 067 1.51)6 7,356 3,938 855 807 3.438 864.486 Rrf¢llt7rrfilov of&vppfft F¢¢ BBnk Ib bl4r4rmcn( lllic 1675 1675 88 13,3501 28.280 17
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 6. Expendfiture by actlvlty Aetivity Unrnstsleted Restsleted Tot412024 Totsl 2023 Advice Awards For All BME EMPllent PrOJl Camden Central Nelghbouthi)d Camd¢n Giving Empk>yn)¢nt fvnd 17,625 2.822 22.261 17,625 2.822 22,261 15,172 4,674 83.420 21,819 10.168 24.204 92,154 286,183 97.427 52.453 27,949 31,660 252,688 158.368 9.040 52.453 27,949 31.660 252,688 158,368 9.040 cjillte ActN)n Fund Crick Future Neigbbourhood Heahhy LiviDg J)]]pact Fund Job Hub Jobll Lyons Kitchen Social LCF Wave 3 Lonthn Satellite Club Kesi]ience Community Somers ToTr%n Centre Sports Youth Summer Youth 2022 T Factor C<)mmunity VAC Youth Youth Café Youth Girls Group Youth CIL 2,181 102 50,119 522 102 50,119 522 44,279 525 8,588 153.987 13.638 13.638 182,910 381 14,190 6,628 11,076 182.910 381 14.190 6,628 11.076 9,910 3.599 768 607 768 6.196 182,910 672,897 855,807 864,486 18
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 7. Stsff costs Staff cosLs for the year were as follows: 2024 2023 Wa¥r$ and salaries Social security costs Other F*nsion costs 532.774 38,506 10.437 581717 527.082 37,242 574.484 The average nuTDber of ernp]oyees during th¢ y¢8r, ¢lated Lm the blS of tine #aff, was as follows.. 2024 2023 Numbcr of Centrc Staff 36 29 No employee was pgid a W rner than £60.000. 8. Debtors 2024 2023 Trade debtor8 Accrued income Prq)ayments and other debtors 54.656 6,628 4.878 1.947 11,758 18.583 9. Creditors 2024 2023 Trade creditors Accruak and other cr¢ditot Deferr¢d incon Taxation and social security) pension 5,553 6.360 17.785 16,895 7,942 10,319 10. Taxation status The charitable company is exempt from corporation tax as ajl its income is charitable and is appli for Chitable purposes. I l. Related party transaction The Key Management Personnel of the charity rnprise the Executive Director, the Business Enterprise Manager, the Job Hub Manager, and the Youth & Community Manager (2023: 4). The total ¢mploy¢¢ bcn¢fit of the key managernent p¢rsonnel for the year was £178.103 (2023.. £190,121). The Management Committ¢¢ have not received any remuneration and no travel or meeting expenses were r¢imburs¢d to trust¢¢s during the year (2023: Nil). 19
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 12. Trustees expenses Non¢ of the trnstees (or any persons connected with them) received any remuneration or benefits from the charity during the year (2023.. NAI). 13. Reconcillatlon of funds Bai¥Dce H¢ I Aprl 2013 BAlance at 31 Thilliftn Mireh I Expclldltyre Re$trl¢ted AWd5 For All BME Empk)yment Proj¢ BTrkfa5tcb Buddillg Camden AdvKe Parttter5hy) (CAP) Catnden Certts81 Ne]thtx)w]M)od CDdert GlB.EmpknyMQrt fllrtd cam Youth CCOLORS CIL (Youth PrOaTne) Cjllnate Action Fd Cookery Ctub Edward Haryi81 Ttust Fran¢i% Crick Futur¢ ,Sh)uThQod FuTrJ Healthy L]vll C¢ntr¢ Itnpact FWKI Job Hub John Lyon$ Klt¢hen S11 LoJbJon Satelitte Chjb NI1[] Lottery Sports Y¢)uth Nelb)UO0d Forum ReEiknceCommutLty spa Hiv¢ CharIwn Street SUnyoU T FtOr0)MMynity VAC Youth Qfé YouthGitts Grow) (18221 122.2611 2,024 33.794 1,9 3.752 8,471 56,055 1,9tN) 3,752 20.wo (17.62S) 53.505 (52,4531 1,052 5.(YJO 23,804 14.2Y2 127.949) (31.660) 4,145 11,325) 18.693 5,(X)O 5.(KJO 215,106 265.050 30,IX)O 1252,688) (158.368) (9.040) 37,582 (40.(MJO) 13.249 79.931 20.960 280 40,WO 2.500 {i(r2) 150.119) {522) 178 1,97ti 13,521 {381) 13,140 3,965 17.830 14.209 3,965 30,IK)O 113,638) 1,468 14,269 5,(rf)O 6,628 11,076 114.IW) {6,628) 111,076) {768) 9.168 768 5.IM)O 728,909 4.393 217.637 J39,7 (672,897) 21,923 DeslgDted M8k¢ 5pa¢¢ Youth 5,975 (S.9751 Unrestrltted ore Community Cthtre Lfv1n8CE]t UtwestrKted Capital 272,474 208,614 22.6DI s.664 174.780 99,731 (182,910} 38,542 (54.4921 302.886 253.853 22.601 579 340 274.511 IR2.910 219251 649.364 1003 420 855,807 20
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTivrrIES FOR THE YEAR ENDED 31 MARCH 2024 14 Restricted funds AwardsforAllfvnd- this fid is to pay for female youth safdy worker, who will Ilnk in with the wider youth team and session delivery. Camden Advice Parlnershipfvnd- this fimd is to pay for a youth infonnation, advice and guidance worker who will link in with the wid¢r youth team and session delivery. Brealrfa&t Clubfund- this fund was secured from Camden Council to allow us to deliver breakfast to children from thos¢ families mosl in n¢¢d, linking in with our wann spa$ off¢r and community larder offer. providing a full family offer when linked to our work in the Somers Town Job Hub. Carndep2 Giving Employmentfynd- this fund is to nm Job Hub links, inclusive of an admin w>st, management, training, and associated costs. Climate Action fynd- this fund was secured from the National Lottery to deliver an 18 month Climate Action Market on Chajton Street Market, STCA are the lead with partners inclusive of University of the Arts, Central Saint Martins, University of Londo and the Knowledge Quarter. CIL Youthfvnd- this fund is to pay for our sports and physical activity youth worker who will link in with the wider youth team and session delivery Somers Town FUre Netghbourhoodfvnd- this is part of a £7 million fimd being delivered by the GLA as part of the Mayor of London's New Grcen Deal programme, Somers Town was one of OT]ly two areas fund fully and Somers Town Community Association is one of the Community leads, with Camden Council being the nam contract lead Cri¢k- this fvnd is an ongoiog contracl with the Francis Crick institute to deliver the St Pancreas and Somers Town Living Centre. Resilience fynd - this fund is to support our Warm Monday session, staff $llprt fund and conllnunity larder Neigkbourhood Forum fvnd - this fund is money we are holding foi Somers Town Futur¢ Neighbourhood in the capacity of their banker Sports Youihfynd- this fund is to assist fidIThg of a part time post to deliv activites a8 part of Youth Sessions T Facior Community projectfynd - this fund is for a projed in partnership with the T Factor proj¢ct in partnership with C¢ntral School of Martins University of the Arts Lnndon, running from F¢bTuary to May r¢crniting and training community journalists 21
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 IS Funds Transfers The following fimd transfers have been made during the year. From unrestricted fimds to CIL to cl¢ar the deficit. From unrestricted funds to Jolll] Lyons to fund the increase in lead role's salary, not initially budgeted for in application From unrestricted funds to Resilience to cover the utilities costs Other small transfers have been where there is a cross Shing of services and costs between projects. 16. Operaling lease combnfilmellts At 31 March 2024 the company was Committ to making the following payments under non- anccllable operating leases.. 2024 2023 Pajqnents due 334,688 360,938 17. Deferred Ineome Income of £11,785 (2023: £10,319) has b¢¢n d¢f¢rred ¢ith¢r to match the period of terms on the It documentation or the terms of the invoices. for the following: 2024 Letting income £11,785 2023 Letting incnme £10,319 Income of £10,319 was r¢leaS in the cUt puiod. 22
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 18. RecoDciliYdtion of net Income/(expenditure) to net egsb flow from operatlng aetlvldes 2024 2023 Net incomel(expenditure) Ahr the repor¢in¥ peiiod AdiL8tments for. tkdwt ItreSt r¢ceived Decrease in debtors Increasel(&crease} in cre(litOT% Lyet e*sh provlded by (used in) opernting activities 147,613 62J79 (11157) (59289) 16.1211 (4fi28) 30.825 23