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2024-03-31-accounts

This copy of the financial statements is for your internal records only and should not be shared as the auditor’s report has been personally signed in the name of the senior statutory auditor.

A further copy of the financial statement with the audit report signed “Sayer Vincent LLP” has also been provided.

Together we create an inspirational neighbourhood

Annual Report and Financial Statements of Coin Street Centre Trust and Colombo Street Community and Sports Centre For the year ended 31 March 2024

centre trust

Coin Street Centre Trust (Company Limited by Guarantee) Company number: 02095752 Charity number: 296219

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Annual Report and Financial Statements of Coin Street Centre Trust and Colombo Street Community and Sports Centre For the year ended 31 March 2024

Contents

Who we are . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 What we do . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 A message from our Chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 Objectives and activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 Organisational strategic priority . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2023-2024: Our year in numbers . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 Best start for children and families . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 Health and wellbeing for everyone . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 Enterprise, creativity and lifelong learning . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 Embracing feedback, to help us better change lives . . . . . . . . . . . . . . . . . . . . 34 More about the Colombo Centre . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 36 Structure, Governance and Management . . . . . . . . . . . . . . . . . . . . . . . . . . . . 39 Independent Auditor’s report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 42 Statement of financial activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46 (incorporating an income and expenditure account) Balance sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 47 Consolidated statement of cash flows . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 48 Notes to the financial statements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 49

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

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Who we are

Our journey started four decades ago, when a group of residents led an extraordinary campaign to transform the 13-acre derelict site along the River Thames that had suffered extensive bomb damage during the Second World War. The increase of office buildings and commuters was impacting the residential population and local economy, with schools, shops and businesses closing. Local people felt marginalised.

A group of residents, supporters and funders came together and created a community plan which prioritised people, homes and community facilities. Today, thanks to their hard work and commitment, the Coin Street neighbourhood is a diverse, vibrant and welcoming place for people to live, work and play.

Coin Street Centre Trust (CSCT)

CSCT is the registered charity that oversees Coin Street’s family and children’s centre, and youth and community programmes. CSCT also looks after Colombo Street Community and Sports Centre, which owns sports pitches on Hatfield and Paris Gardens, and the Colombo Centre gym and its facilities.

Colombo Street Community Sports Centre

(The Colombo Centre)

The Colombo Centre is a registered charity. The Centre is located on Colombo Street, at the heart of the community in North Southwark, with sports pitches on Hatfield and Paris Gardens. The Colombo Centre offers a community room, gym, studios, meeting rooms, kitchen, and therapy rooms.

The CSCT and Colombo Centre accounts are consolidated in this report. The greatest proportion of the income represented here is associated with the Colombo Centre. You can access The Colombo Centre Annual Report and Financial Statements 2023/24 for more detailed information about the Centre’s activities and finances.

Coin Street Community Builders (CSCB)

CSCT and the Colombo Centre work closely with Coin Street Community Builders (CSCB) who employ staff and provide venue space and other key resources for CSCT to fulfil its work with the community. CSCB is a social enterprise and the money it makes is used to deliver social purpose objectives across the neighbourhood.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

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rs ri." f rf• Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

What we do

Coin Street is nestled in the heart of our capital, between Westminster and the City. Our neighbourhood, with its nursery, family and children’s centre, cooperative housing, green spaces, sports, fitness and wellbeing facilities, galleries and design studios, and shops and restaurants, stands as a permanent fixture.

Our services include:

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

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Watch five 60 second films on the Coin Street YouTube channel:

Click on the images below

View more on our YouTube channel

Family Support

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Early Years
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Football

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Gym
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Coffee Morning

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A message from our Chair

The past year has been both stretching and rewarding for Coin Street Centre Trust (CSCT). We have achieved extraordinary things and provided benefit to over 1,357 people in our community. This includes 559 families and 659 youth and community participants. Our work has been led by Coin Street staff and 139 volunteers.

The rising cost of living has significantly impacted everyone, but especially those most vulnerable and on low incomes. Our work with older adults showed that existing health and social vulnerabilities have accelerated. As a result, we have seen increased need and demand for our services. This has strengthened our values and highlighted the importance of our mission.

Children from early years to school age in our community have shown higher levels of emerging needs. As one of the last groups to be affected by the pandemic, children continue to struggle with eating, toileting and social behaviour due to the restricted start to their lives.

Following a comprehensive board renewal process, we have enhanced our diversity and skills at board-level. Our board now includes expertise in finance, legal, leisure management, safeguarding, community development, volunteering, careers and education, youth work, and working with older people. The board is developing a 10-year strategy for the Trust, combining on-the-ground responsiveness with a long-term investment mindset.

The development of our fundraising skills and capabilities aims to ensure we have the resources to support the community comprehensively. We will build on this progress in the coming year. Partnerships are essential, and we aim to strengthen and deepen the collaborations that underpin our projects and programmes.

In the year ahead, we expect further work on the development of the Doon Street leisure centre project. Our partners, CSCB, have planning permission for a new mixed development on the Doon Street site, part of the Coin Street estate. These plans include a public swimming pool and leisure centre, funded by the housing development within the scheme. Upon completion, the leisure centre will be leased to CSCT at a peppercorn rent, along with a substantial endowment for maintenance.

The Doon Street leisure centre will provide high-quality facilities for the community and generate a reliable income stream to support the Trust’s activities in the future. Further work is expected in the coming year to shape plans for these new community facilities, ahead of construction.

As we anticipate another busy, challenging year, we draw inspiration from the talent, energy, and partnerships across our neighbourhood, which have been critical to our work and will continue to be so moving forward. Support is crucial as we continue to build a stronger, more connected neighbourhood.

We have prioritised providing vibrant social events and group activities for all ages that bring people together, build skills, enhance learning, and improve mental and physical wellbeing.

As well as this, we remain focused on offering one-to-one specialised support for families and individuals who need it. We have put renewed emphasis on outreach, knocking on doors to make sure that people who are most isolated and least mobile are included.

Leonard Goodrich Chair

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Trustees’ annual report

Objectives and activities

Purpose and aims

The Trust seeks “to advance any exclusively charitable purpose which the Trustees think fit for the benefit of the public without distinction of sex or of political or religious or other opinions and with a particular focus on Waterloo and North Southwark.”

For the financial year 2023/24 the Trustees set out three overarching pillars, each with objectives to guide the work of the Trust:

1. Best start for children and families

2. Health and wellbeing for everyone

3. Enterprise, creativity, and lifelong learning

These objectives are realised in several ways including via the governance and oversight of Coin Street’s family and children’s centre, and youth and community programmes, primarily for the residents of Waterloo and North Southwark. Trustees also oversee the Colombo Centre where many of our activities are delivered alongside low cost sports facilities for the community.

The Trustees review the strategic pillars, objectives, and activities of the Charity each year. This report looks at what the Charity has achieved and the outcomes of its work in the reporting period. The Trustees report the success of each key activity and the benefits the Charity has brought to those groups of people that it is set up to help. The review also helps the Trustees ensure the Charity’s aims, objectives and activities remained focused on its stated purposes.

The Trustees have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Charity’s aims and objectives and in planning its future activities. In particular, the Trustees consider how planned activities will contribute to the aims and objectives that have been set to achieve our intended public benefit.

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Organisational strategic priority

We are passionate about…

Vision

An inspirational neighbourhood - powered by social enterprise

Mission

Create and support a resilient, adaptable neighbourhood, of people and places, where everyone’s diverse needs are met

Values

Creative Collaborative Committed Curious Inclusive

Strategic pillars/outcomes

Best start for children and families

High quality delivery of direct services to the local community including nursery, family support sessions delivered all year round

Hosting other family services to meet community needs

Health and wellbeing for everyone

Delivering a rich programme of health and wellbeing sessions and facilities

Offering a broad range of outreach services

Building resilience in the community, connecting people and improving their environment

Enterprise, creativity and lifelong learning

Delivering high quality direct services, skills workshops and opportunities

Supporting creative talent, opening and supporting other neighbourhood based social enterprises

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Our year in numbers 2023-24

139

volunteers helped our services and activities to take place

104

collaborations with networks and partners

1,559

Our family support participants:

227

new registrations for family support

Number of families/children who received 1-2-1 support in the Family and children’s centre:

13

families, ( 25 children) supported with child development

15

families ( 27 children) supported with their health matters.

20

Children with Special Educational Needs (SEN) supported ( 12 families)

21

families with higher need requiring extended support for 6 months

subscribers to our community e-newsletters

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559 24,226

people benefited from at least one support services such as parenting concerns, emotional & physical wellbeing for children & parents

Our youth and community participants:

hours with people in our community

people participated in at least one youth and community session, of which:

48%

were under 18 ( 314 )

youth and community sessions

31%

57%

34%

were aged 50 and over ( 225 )

people have a people are from a health condition, faith community allergy, disability, ( 376 ) of which or additional needs 6 faiths were ( 207 ) identified

were aged 18 to 49 ( 120 ) 18%

74

different ethnic groups

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Best start for children and families

Best start for children and families

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At Coin Street we believe in investing early to give every child the best start in life . We are there for all families, whatever challenges they face .

Strategic objective

— High quality delivery of direct services for the local community including nursery and family support sessions year round

A trusted partnership for community support Partnering with 1st Place Children and Parent’s Centre and supported by Southwark Council, we reach families needing support and bring the Council’s Keeping Families Strong pledge to life.

Our neighbourhood centre is a vital resource for families in Lambeth and Southwark. Our day nursery provides affordable, high-quality childcare and early education for children aged six months to five years.

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Best start for children and families

Case Study Nursery: Supporting a child’s journey at Coin Street Nursery

Bobby* joined Coin Street Nursery at 9 months old just before the lockdown.

From the beginning, staff noticed that Bobby’s behaviour was not typical for his age. He became distressed frequently, reacting intensely to the slightest changes in routine or challenges, and was easily overwhelmed by stimuli. The distress was severe, often requiring staff to patiently give him support until he calmed down. Bobby also exhibited poor sleep patterns, restricted eating habits, uncoordinated movements, and slow speech development.

Staff worked to prepare him to move into the 2-3-yearold room. However, Bobby was struggling to regulate his emotions and exhibited challenging behaviour such as biting. His transfer to the next room at age 2 was delayed, helping ease the transition. Despite gradual efforts, Bobby continued to struggle with sharing, taking turns, and hitting other children, showing signs of Autistic Spectrum Disorder. Bobby’s parents agreed to a Developmental Assessment and an Autism assessment, which had an 11-month waiting period.

During this time, staff implemented various interventions to support Bobby’s emotional well-being. These included using emotion cards, sand timers, and providing

time outside the stimulating room when he became overwhelmed. He received 1:1 support from staff for most of the day.

In May 2023, Bobby was formally diagnosed with Autism, this confirmed the observations made by the staff throughout his time at the nursery.

To ensure a smooth transition to primary school, Bobby’s key worker and SENDCo collaborated closely with the parents and the new school’s staff. The parents expressed immense gratitude for the support and advice provided by Coin Street, appreciating the continuity of emotional support during the transition.

The family returned for the September open day; they reported that Bobby had settled well into the new school. The parents were thankful for the comprehensive support that facilitated this smooth adjustment.

Bobby’s journey at Coin Street Nursery highlights the importance of early observation, timely interventions, and collaborative efforts in supporting children with additional needs. The dedicated approach of the nursery staff ensured that he received the necessary support to thrive, both during his time at the nursery and as he transitioned to his new school.

*Name changed to maintain confidentiality

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Case Study Nursery: Collaborative support for early years development

“Dear Galina, thank you for being a wonderful and loving teacher. Thank you for all the cuddles and teaching me so much. I will miss you!” Ben

Community classroom

Our neighbourhood provides an amazing learning environment, full of opportunities to expand the horizons of our children and young people. Located in one of the UK’s most vibrant and culturally rich areas, our community members make the most of it.

Working in partnership with King’s College London

In recognition of the impact of the pandemic on young children and the concerns of parents and carers about the transition to primary school, King’s College London held workshops for parents about school readiness.

King’s College London also offered First Aid classes for parents and carers, focussing on what to do if your child is choking and emergency first aid.

All nursery families are now registered with the children’s centre, so they can easily access additional services when needed

One family, whose child Ben* initially joined the nursery through the vulnerable 2-year-old programme, demonstrates the impact of this initiative. The child faced early challenges with communication and settling into the nursery environment, particularly with transitioning to the 3-year-old room and toilet training. These difficulties prompted a collaborative effort between the nursery and children’s centre teams to support the family.

A ‘Team Around the Child’ meeting was convened to create a support plan, and the family was introduced to SENsational stay and play sessions, designed for children with additional needs. These sessions provided both the child and parents with a supportive environment to address their concerns and challenges.

With continued joint support, Ben began to overcome his fear of the toilet and made quick progress in the nursery. This collaborative approach not only empowered the family to access services but also enabled the child to thrive and gain confidence in separating from their parents.

*Name changed to maintain confidentiality

Replay: a limitless recycled playground

The children took part in a recycling project which concluded with a visit to the Southbank Centre’s Replay – a playground built entirely from recycled materials. This innovative play area engaged the children’s fine and gross motor skills through activities like lifting, moving, and manipulating equipment. The variety of shapes and structures encouraged creativity and imagination while highlighting the importance of protecting and preserving the planet.

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Best start for children and families

Community classroom Providing social and learning opportunities in the crucial early years

Coin Street Family and Children’s Centre was thrilled to announce its partnership with Charles Dickens Primary School, Annette Kingsley-Scott (childminder), and Lambeth Nurseries Federation to establish the London South Early Years Stronger Practice Hub.

This collaboration is part of the early years education Covid recovery support package, generously funded by the Education Endowment Foundation and the National Children’s Bureau. The programme has secured funding for two years, ending in late 2024.

Early Years Stronger Practice Hubs play a crucial role in providing essential advice, sharing best practice, and offering evidence-based professional development opportunities for early years practitioners. By establishing local networks of educators, these hubs facilitate knowledge exchange and promote effective practices within the early years education sector.

Our primary focus is on supporting childminders and Private Voluntary Independent (PVI) providers who require improvement, ensuring they receive the guidance and resources needed to enhance their practices.

These initiatives ensure that our families receive comprehensive support and enriching experiences.

Engaging Summer activities

We are excited about the potential of this initiative to strengthen early years education in our community, fostering a collaborative environment where practitioners can thrive, and children can receive the best possible start in their educational journey.

Collaboration with other organisations

We collaborate with various organisations to provide parents and carers with access to a range of courses and workshops, including:

Each summer the family support team run a successful programme of activities. Families can enjoy a range of stimulating sessions including messy play, gardening, arts and crafts and trips within the local area. The main event of the summer was a trip for families by train to Hastings, this was designed to build confidence and encourage parents and carers to try new experiences.

Festive December celebrations

In December, we transformed the centre into Santa’s Grotto, where families visited Santa, took family pictures, and received gifts. We also offered a Special Educational Needs (SEN) friendly session, without music and lights, to enable children with additional needs to visit Santa in a calm atmosphere. Our Christmas Toy Drive was a success with over 170 high-quality toys donated by staff and parents. We also hosted a special Christmas event for vulnerable families, featuring a traditional lunch prepared by our nursery chef. This event provided an important opportunity for families to connect and enjoy each other’s company. We also provided Christmas food hampers for families in need and distributed the toys donated.

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Specialist support for overcoming complex challenges faced by young families

Our goal is to create a community where everyone has their needs met and lead fulfilling lives. Our dedicated Children and Family Workers provide vital assistance, helping families navigate complex challenges such as domestic violence, parental mental health issues, family breakdowns, housing, and debt problems. We offer intensive one-to-one support for parents and carers, connecting them with specialists such as counsellors, health professionals, legal advisors, and employment support services.

resourced environment for play, allowing parents to connect with others facing similar challenges and build supportive networks.

Healthy movers outdoor session

These outdoor sessions at Marlborough Gardens offer activities like obstacle courses, ball games, dancing, and tummy time, promoting social skills, health, and wellbeing for families. They support children’s muscle, bone, and brain development, as well as improve coordination.

Inclusive support at our nursery

At our nursery, we embrace an inclusive approach, understanding that special educational needs often present in the first few years of life. We have an experienced SENDCO on staff. A SENDCO is responsible for the day-today operation of the nursery’s Special Educational Needs (SEN) policy. We are well-equipped to support children with a wide range of needs and assist parents in navigating diagnoses, as demonstrated in the following case study.

SENsational stay and play session

Early Years Southwark runs a weekly SENsational stay and play session, providing a calm, inclusive space for families with children who have additional needs. It offers a safe, well-

Home from home

Home from Home supports families in casework or targeted programmes by helping parents build support networks, stay connected, and boost confidence. Parents explore aspirations in volunteering, training, or personal goals, sharing experiences and strategies to empower each other through their challenges and successes.

Feel good family session

Feel Good is a targeted session for families needing a smaller, supportive environment. It offers personalized parenting advice and allows parents to share concerns and receive support from professionals and peers. Parents also learn to create engaging activities at home to support their children’s development.

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Best start for children and families

Empowering young people

CSCT is dedicated to empowering young people by nurturing their talents, building resilience, and supporting access to sports, arts, entrepreneurship, wellbeing, and social action initiatives.

Growing homework and tutoring club

Our weekly homework and tutoring club for 10–18-yearolds has flourished, expanding with an additional session to meet increasing demand. This program thrives thanks to our passionate volunteer tutors from the community. We have approximately 30 students each week, with a total of 94 young people attending across the year.

Case Study Youth and Community: Young leader receives Southwark Star Award

“Iman’s passion for inclusion and her willingness to share her lived experiences as a young Muslim woman in a leadership role at Coin Street make her an inspiration.”

“We are here, and we are open.”

Engaging youth leadership and activities

Every Monday evening, our Young Leaders group gathers to gain hands-on experience in running youth-led projects, events, and campaigns, fostering growth and development. Young Leaders at Coin Street are empowered to work together to address important issues, and lead projects which make a positive difference in their community. The programme, for ages 12-18 years, enables young people to boost their self-confidence, and skills and attitudes that are invaluable in school, life, and future employment.

Community Southwark hosted the Southwark Stars Awards in May, gathering 150 guests at Tate Modern to honour the vibrant community spirit that defines Southwark. Volunteers from various charities and community groups, along with representatives from Southwark Council and the NHS, joined in celebrating the remarkable dedication of individuals across ten unique categories.

Thriving youth night

As one of the few remaining youth clubs in the area, our Thursday Youth Night consistently reaches capacity, providing 8–16-year-olds with diverse activities including arts and crafts, multi-sports, and social opportunities.

Easter and Summer camps

Our popular Easter and Summer Youth Camps continued this year, offering a blend of activities, weekly trips, and healthy lunches. During Easter week and the four weeks in August, we supported 59 young people aged 8–14, making their holidays both productive and memorable.

Weekend football sessions

In partnership with the Colombo Centre, our weekend football sessions every Saturday and Sunday evening attract around 50 young people each week. These sessions provide coaching, play, and opportunities to build skills and confidence.

Among the night’s honourees was Iman Altay, named Young Volunteer of the Year for her role as a Young Leader at Coin Street. Presented by Sarah Jarrad and Callum White of HMS Belfast, Iman’s award was a testament to her commitment to inclusion. Laura Reynolds, the volunteer coordinator, praised Iman for her dedication, noting that as a young Muslim woman, her openness in sharing her experiences and her leadership at Coin Street serve as a powerful inspiration to others.

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Case Study Youth and Community: The London Mayor’s visit to Coin Street neighbourhood centre

“The children felt very special meeting the Mayor and asked him how much money he had in his bank account, what football team he supported and did his dad really drive the buses!”

In August, we welcomed the London Mayor, Sadiq Khan to Coin Street neighbourhood centre. The Mayor visited our summer camp to see the activities our Youth and Community Programmes team provide over the school holidays, providing free lunch and Take and Make boxes to children attending. Our partnership with The Mayor’s Fund for London and the Felix Project means we can provide nutritious food for local children and encourage them to enjoy making and sharing food.

Natalie Bell, Head of Youth and Community Programmes

“Great to visit Coin Street neighbourhood centre today to see how our funding is helping provide free holiday meals to Londoners this summer. This fantastic community organisation is putting on activities for children, as well as providing nutritious food.”

Sadiq Khan, London Mayor

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Best start for children and families

Case Study Youth and Community: Community Day

In September, Coin Street’s neighbourhood centre opened its doors for the first Community Day since the pandemic and sending a clear message that we are open and here for the community.

Children and young people enjoyed a variety of physical and creative activities. The basement featured soft play for children under 12, while the Children’s Centre hosted healthy snack-making and wellbeing activities.

On the third floor, a café provided hot drinks, healthy snacks, and a historical talk about Coin Street.

The Valentinos Jazz Band performed several sets in the Neighbourhood Room, accompanied by Jreena Green and her dance collective, The House of Jazz, who displayed traditional jazz dances. The Coin Street Community Choir also serenaded attendees with some well-known favourites.

Co-op residents set up stalls selling second-hand clothes, children’s books, and handmade cards.

Nursery tours were available for prospective parents, and a youth zone for those aged 12 and over offered arts, crafts, and games.

The event was well attended by dignitaries from three different boroughs, including Florence Eshalomi MP for Vauxhall and Camberwell Green, Sarina Da Silva, Lambeth Councillor, Victor Chamberlain, Southwark Councillor, and the Mayor of Southwark, Michael Situ.

This vibrant and engaging Community Day successfully brought people together, highlighting the neighbourhood centre’s function as a hub for connection and community activities.

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Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

Health and wellbeing for everyone

Health and wellbeing for everyone

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Everyday life in a busy city can, at times, be stressful and isolating .

Strategic objective

Good health and wellbeing across a lifetime are priorities for the Trust .

We tackle this through opportunities to get active and healthy, connecting people for friendship and laughter, and offering space to think and talk when a bit of expert help is needed .

Getting active, no matter the age

For our children and young people:

We start early by organising toddler yoga classes and active mover sessions to help families exercise together from the very beginning. As children grow into pre-teens and teenagers, we offer a variety of activities in collaboration with the Colombo Centre. These include:

For our over-50s community, we have:

These sessions cater to individuals with severe mobility issues and many participants are in their 80s.

We focus on:

Comfortable participation, offering a mix of movement, exercise, and a social lunch.

Activities include:

In response to post-pandemic mobility challenges, we introduced chair yoga and regular yoga sessions and provided free gym memberships for those who could not afford it.

As their confidence grows, many gym members continue to attend on their own outside of the sessions.

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Health and wellbeing for everyone

Getting active, no matter the age

We provide numerous opportunities for people to connect, stay well, and foster a sense of belonging and community.

Building friendships, and connections

Rambert

Our partnership with Rambert offers accessible, affordable community dance programmes, including workshops for local schools, free tickets to performances at Sadler’s Wells, and free or discounted classes for all ages. Coin Street residents can also enjoy free online dance and fitness classes via Rambert Plus. Future Movement, a new collaboration, supports young people aged 16–19 in South London.

Coin Street community singers

The Coin Street Community Singers meet every Thursday evening, receiving guidance from trained professionals on vocal techniques, performance, and more. Our sessions explore musical theatre, harmonies, and global music, creating a fun and inclusive singing experience. People of all ages and skill levels are welcome to join.

Gentle gardeners

Our weekly Gentle Gardening group at Bernie Spain Gardens welcomes volunteers of all ages to connect, learn about gardening, and visit local gardens. It offers a great way to meet new people, with students from London Nautical School benefiting from hands-on learning alongside senior volunteers. After each session, participants enjoy a healthy lunch together.

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Coffee morning and quiz

Our weekly coffee mornings on Thursdays offer senior residents hot drinks, conversation, and competitive quizzes. There is also the opportunity to participate in wellbeing activities and access the Colombo Centre gym.

Coin Street seniors boat party

In June, staff volunteers dressed as pirates joined Salient (operator Absolute Party Boats) for a three-hour cruise from South Bank to Putney and back to Festival Pier. Over 124 older people were catered for with entertainment from DJ Smooth.

Get togethers

Our Coin Street parties, celebrations, and social events are key to strengthening the bonds within our community. They are highlights of the annual calendar and this year included:

“The DJ was brilliant; it was a trip down memory lane. With the old songs – it reminded me teenage years. It is wonderful what Coin Street does for the community, and I thoroughly appreciate everything you do.” Boat Party attendee

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Health and wellbeing for everyone

Case Study Youth and Community Programme: Providing compassionate support

Our team regularly engages with the community, often noticing when something seems off. We observed changes in Beatrice*’s behaviour, including confusion and erratic actions. After connecting with her family, we created a safeguarding plan, set her up on our My Concern software, and coordinated with Colombo Centre staff to ensure ongoing support. A neighbour checks in on Beatrice, who was later diagnosed with dementia.

Our team received dementia awareness training and the staff member supporting Beatrice gets monthly supervision. This case demonstrates the importance of coordinated, compassionate care for our community.

*Name changed for confidentiality.

Case Study Family Support: Herbs, flowers, teas, and treats

“Sitting at a table looking out over greenery, getting my hands mucky made me feel I was 10 years old again.” Elizabeth

This project is a collaboration with Lambeth Council and Archbishops’ Park Trust and has just received another 12-months of funding. The monthly sessions start with a short walk around the park to enjoy the gardens across the seasons, followed by a themed workshop using products from nature. The participants are guided and supported in a range of activities including making lavender bags, bath bombs and natural Christmas wreaths.

The focus for this project is wellbeing. Attendee numbers have doubled since the start with over 30 people attending the summer tea party.

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Case Study Youth and Community Programme: Christmas Carols by Candlelight – a community celebration

Coin Street and St John’s Waterloo teamed up to welcome up to 350 people of all ages to the church for a traditional carol service by candlelight. St John’s Church Choir, Coin Street Community Singers, and Take Note Singers came together to perform Christmas favourites and special choral pieces.

After the service, guests enjoyed mince pies, mulled wine and perusing the stalls – including one set up by Coin Street Young Leaders selling unique t-shirts, mugs, and homemade candles.

“It’s wonderful to have partnered with St. John’s this year, on what was a remarkable evening.”

Natalie Bell, Head of Youth and Community Programmes at Coin Street

The service was in aid of two local projects – St John’s Room For You, and Coin Street Community Singers - a choral group for all abilities, to have fun performing together, combatting loneliness, and improving mental health and wellbeing. The event was free, but we suggested a donation of £10 per person if attendees could afford it. The ticket donations and collection buckets raised £2,442.

We hope to partner with St John’s Waterloo on the event again next year.

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Health and wellbeing for everyone

Case Study Youth and Community Programme: Sport for Futures fundraising success

Coin Street Centre Trust and our project, ‘Sport for Futures,’ was shortlisted, and one of only five projects in the London region to make it to the final of the National Lottery People’s Projects. We embarked on a national campaign to secure National Lottery funding, to go towards a transformative sports, wellbeing, and life skills programme for young people in Waterloo and North Southwark. The winning projects were decided by public vote as part of a high-profile national campaign in partnership with ITV.

Over 12 days in May 2023, a team of volunteers made a valiant effort to secure votes, talking to members of our community and the wider public to spread the word

about Coin Street and Sport for Futures. As well as a short film about the project broadcasted on ITV regional news, the campaign was shared across Coin Street’s social media channels, newsletters, flyers, posters, LED screens, mailouts and more!

Although we did not make it to top spot, we are proud that CSCT and Sport for Futures were runners up and awarded £10,000 to go towards making a difference to the health and wellbeing of local young people. We used the funds to support the running of our weekend football, and girls only sports and fitness sessions. The campaign demonstrated the vital role that community support and national funding can play in fostering positive change.

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Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

Enterprise, creativity and lifelong learning

Enterprise, creativity and lifelong learning

CSCT believes that creativity is for everyone, and that learning is a lifelong journey .

Our goal is to create daily opportunities for our community members to embrace entrepreneurship, express their creativity, and develop new skills and talents .

Strategic objective

The Trust believes that creativity is for everyone, and that learning is a lifelong journey. We strive to create everyday opportunities for people in our community to embrace entrepreneurship, explore their creativity, and develop new skills and talents.

CSCT board and young leaders collaboration

The CSCT board in May held the first collaborative meeting with the Coin Street Young Leaders group. This included a presentation from the Young Leaders about their work, and a discussion about key issues of interest and concern for the future of Coin Street. This is the second of our touchpoints with the Young Leaders and we are exploring how we can build a more deliberate thread between their leadership and that of the CSCT board.

Coin Street Young Leader Iman was awarded Southwark Young Volunteer of the Year at the Community Southwark annual award ceremony so we may have some future trustees in our midst!

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Case Study Youth and Community Programme: Golden Hinde takeover

Coin Street’s youth night takes place every Thursday at the Colombo Centre, offering a variety of activities for young people aged 8 to 14 years. As part of this, a group of girls attending the session were invited to participate in an exciting project: taking over the Golden Hinde on the River Thames for a day. The project began with the girls delving into the history of female pirates. They researched historical figures, created artwork, and crafted stories about the lives of these adventurous women.

“When I was younger, whenever pirates were mentioned, I’d always get an image of a male pirate in my head. But since I’ve learned about these amazing people, that image has changed.” Good for Girls attendee

This exploration not only provided historical insight but also sparked their creativity and storytelling skills. The group visited the Golden Hinde, a replica of Sir Francis Drake’s famous galleon, to learn about its history, structure, and voyages. This visit laid the groundwork for their big day, equipping them with the knowledge needed to share the ship’s story with the public.

On Sunday, 23 July, the girls took over the Golden Hinde. Acting as tour guides, they led members of the public around the ship, answered questions, and shared their newfound knowledge about female pirates and the ship’s history. This activity was an incredible opportunity

for the girls to practice public speaking, boosting their confidence and self-esteem. By stepping into the role of educators and guides, they developed valuable communication skills and gained a sense of accomplishment and empowerment.

The Golden Hinde Takeover project is a shining example of how engaging young people in hands-on, educational activities can foster personal growth and build a stronger sense of community.

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Enterprise, creativity and lifelong learning

Case Study Youth and Community Programme: London Nautical School Gardening Group

We collaborated with London Nautical School to provide students access to Bernie Spain Gardens, offering a unique form of informal education through gardening.

A small group of 2 to 5 boys who were disengaged with traditional lessons joined our regular Gentle Gardening group. These gardening sessions offer them a different educational approach, allowing them to engage in meaningful activities such as planting, weeding, watering, composting, and creating plant food.

Additionally, students from the Autistic Spectrum Condition Resource Base at London Nautical School have been accessing the gardens during a separate session on Tuesday afternoons. With the support of their teaching staff, an average of 10 students participates in the gardening group. This hands-on experience provides therapeutic benefits and helps develop their practical skills in a supportive environment.

To celebrate the end of term, we arranged a special trip for five of the most engaged students to visit Crossrail Roof Garden in Canary Wharf. This excursion allowed them to explore a different environment and learn about a variety of plants, broadening their horizons and reinforcing their interest in gardening.

The London Nautical School Gardening Group has provided students with a valuable alternative to traditional classroom learning. Through these sessions, students have developed a sense of responsibility, teamwork, and a connection to nature. The programme has been particularly beneficial for those who struggle with conventional educational settings, offering them a productive and enjoyable way to learn and grow.

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OR •• Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

Embracing feedback, to help us better change lives

Embracing feedback, to help us better change lives

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Coin Street Community Builders (Coin Street) commissioned Mapping for Change to carry out research to understand how well members of our community think we’re meeting our aims of providing the best start for children and families; health and wellbeing for everyone; and enterprise, creativity, and lifelong learning .

The survey results were very positive. All of our service users were either satisfied or very satisfied with our services and the majority (95%) would recommend our services to others. On average, our youth and community services have a Net Promotor Score (NPS) of +55. NPS scores over 50 are considered to be excellent.

“It’s a wonderful organisation and I am very lucky to have become part of this community.”

Our service users largely felt that we understand their needs (79%) and care about them (82%). Respondents also felt that we deliver a high-quality service (84%), provide a rich programme of activities (84%), we connect people and improve the community (85%).

Respondents also reported that we help to improve people’s physical health and wellbeing (88%), we provide opportunities for people to become involved in the local community (84%), we help to develop people’s skills (84%), and we are person-centred and culturally informed (82%). Participants particularly appreciate our efforts to include diverse groups, and we received positive feedback on the organisation and delivery of our events.

Respondents appreciated the variety of our activities and how they bring the community together. There was also high praise for the staff and volunteers for their dedication and the quality of service they provide. Respondents also highlighted the importance of these community services to the participants.

“I have attended many community events, and my children absolutely love them. It brings people together.”

“I cannot praise the staff enough. They are fantastic. They are caring, motivating, informative and encourage us to take part in all events.”

Overall, the community members highlight a strong connection to our community activities, and we will focus on areas for improvement such as increasing awareness and engagement.

Source: Mapping for Change

“Thank you for your services. They are incredibly useful to the community.”

For more information about the Sentiment Research please email: Communications@coinstreet.org

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More about the Colombo Centre

More about the Colombo Centre

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The Colombo Centre is a subsidiary of CSCT and provides a truly affordable, welcoming and inclusive space for people to get active and make friends .

Income generated from gym membership and hire of the outdoor pitches stays in the neighbourhood. It is used to manage and maintain the facilities and, in partnership with Coin Street, provide a wide range of free and low-fee sports, fitness and wellbeing activities for people of all ages and abilities in the community.

We are proud to offer membership fees at great value, including special discounts for local residents. This means we are accessible to those who may not otherwise be able to afford the gym, such as older adults, young people and individuals on low income.

Free memberships are allocated each year to those who benefit the most. Our partners, Coin Street, work with local schools, charities and services, who refer families and individuals to access the scheme who may benefit from the specialised support the centre offers. This service is not provided by mainstream gyms in the area.

The Centre’s activities in 2023-24

In partnership with CSCT, we continue to support the health and wellbeing of our community through an annual programme of youth and community activities.

Activities included:

Our approach focuses on building good health and wellbeing habits in young people and maintaining them in older people.

Local clubs enjoy the facilities all year round

Our partnership with Powerplay, managing popular weekday football and netball leagues, helps subsidise free community access to the Centre on weekday evenings and weekends. We run initiatives to get older adults back into football and netball.

Local clubs who used the facilities regularly include:

You can find out more about the Colombo Centre, its work and the experiences our local community has of activities at the Centre in the Colombo Centre’s annual report.

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Trustees’ annual report

Reference and administrative information

Company number 02095752

Charity number 296219

Registered office and operational address Coin Street neighbourhood centre 108 Stamford Street London SE1 9NH

Trustees

The Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

Leonard Goodrich (Chair)

Jo-Anna Van Den Bosch (Vice Chair)

Peter Stephens (Treasurer)

Secretary

David Hopkins

Bankers

Lloyds Bank City Office Branch P.O. 72 Bailey Drive Gillingham Business Park Kent M8 0LS

Solicitors

Bates Wells 10 Queen Street Place London EC4R 1BE

Elizabeth Frimpong

Jack Goldfinch (resigned 28 September 2022)

Yvonne Owusu-Afriyie (resigned 28 September 2022 and reappointed 22 May 2023)

Auditor

Sayer Vincent LLP Chartered Accountants and Statutory Auditors 110 Golden Lane London EC1Y 0TG

Annoula Peppas

Alexandra Perry

Claire Reindorp

Christopher Symons

Patrick Wallace

Alice Wilcock

The Trustees present their report and the audited financial statements for the year ended 31 March 2024.

The reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice – Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

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Structure, governance, and management

The Trust was incorporated as a company limited by guarantee without share capital and registered as a Charity in February 1987. The powers and limits of the Trust are set out in the Memorandum and Articles of Association dated 8 October 1986.

By special resolution dated 5 June 2014 and 30 September 2019, the Trustees agreed to amend its articles. Inter alia the amendments permit the Trust to advance any exclusively charitable purpose which the Trustees think fit for the benefit of the public with a particular focus on Waterloo and North Southwark.

No outside body has the right to membership of the Trust. All decisions relating to the work of the Trust are taken by the Trustees.

The Nominations Committee of the charity has worked hard in recent years to audit the skills needed across the Board to ensure that the diversity of regulated activities carried out by the Charity and of the demographics of the community CSCT serves are properly reflected. There are also efforts to consider how to encourage and support younger people to take up membership of the Charity and we will continue to work with our Young Leaders Group on this aim. The charity has undertaken an open recruitment process to attract a diverse mix to best serve the objects of the charity.

Training and induction of Trustees

CSCT Trustees receive a suite of digital documents for the purpose of inducting them to the board. They also attend a two hour in-person session as part of an induction to Coin Street.

The Trust became the sole member of Colombo Street Community and Sports Centre (Colombo Centre) on 7 December 2009. It continues to be responsible for determining the membership of the Colombo Centre board and hence Colombo Centre is its subsidiary.

The Trust works closely with Coin Street Community Builders (CSCB), a local social enterprise and development trust. The Trust jointly occupies the Coin Street neighbourhood centre with Coin Street Community Builders.

CSCT receive regular safeguarding training, governance and finance training.

Pay and renumeration

All Trustees give their time voluntarily. No Trustee received any remuneration; reasonable expenses reimbursed £13 (2023: nil).

Staff pay is reviewed annually and, dependent on the financial position of the organisation, and Coin Street is a London Living Wage Employer.

Recruitment and appointment

Members of the Charity become members on the occasion of being appointed a Trustee. Trustees convene at a General Meeting. There are a minimum of five but no more than 15 Trustees.

Decision taking and delegation

Coin Street uses a scheme of delegation to ensure decisions are taken at the appropriate level in the organisation. This document is reviewed and agreed annually.

At every Annual Retirement Meeting, one-third of the Trustees are subject to retirement by rotation. Subject to the Companies Acts, the Trustees to retire by rotation are those who have been longest in office since their last appointment or reappointment.

If no new appointment is made to replace a retiring Trustee, that Trustee will be reappointed, if they a willing to continue in the role. A Trustee who has served for three consecutive terms of office must take a break from office and may not be reappointed for twelve months.

Decisions reserved to the Board include corporate governance framework; determining the overall strategic direction of CSCT; approval of key policies; approval of annual budgets; banking arrangements; reviewing the organisation’s risk management framework; approval of annual reports and accounts; and approval of auditors.

All matters of implementation and operation, including but not limited to delivery of strategies and plans; day-to-day financial management within the budget agreed by the Board; recruitment and management of staff teams; and maintaining systems of internal control are delegated to the staff team or outsourced.

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Trustees’ annual report

Structure, governance, and management

Financial review

The Charity had an operating surplus of £223,333 for the year ended 31 March 2024 (2023: £106,047 deficit). The Trust’s reserves are held as cash and working capital. The Trust received services in kind from CSCB of £376,392 during the year ended 31 March 2024 (2023: £273,359); and an unrestricted donation of £275,000 (2023: £49,726), see Note 8.

The Trust’s reserves policy is to hold free reserves equivalent to three months’ operating expenditure to maintain a level of programmes in the short term to the local community and service delivery at the Centre in the event of an unexpected reduction in charitable activity, fundraised income or services in kind. On 31 March 2024, the Group reserves totalled £756,989 (2023: £533,656). Of this reserve the Trustees have designated funds of £573,989 (2023 £413,053) leaving free reserves of £130,260 (2023: £101,291). This is below the target three months but sufficient services in kind have been pledged for 2024/25 and reserves designated to support the ongoing delivery of our community projects and programmes. Trustees are rebuilding free reserves and review the reserves policy annually.

The predominant risks for CSCT and its subsidiaries are:

Financial - with rising costs and a competitive funding landscape, CSCT continues to review its financial position closely to ensure it has enough working capital to continue to deliver its programmes and services. As well as management accounts, CSCT regularly reviews progress against its fundraising strategy and monitors the costs of activity delivery to ensure each programme and service continues to be viable.

Safeguarding - as a community-based service provider who works in early years education, family support and community activities, we work with many children, young people and vulnerable adults. We have experienced a steady increase in the numbers of people CSCT has concerns about in recent years and ensuring we have sturdy safeguarding practices and referral systems in place is a priority.

To manage this risk, all staff working on CSCT activity receive safeguarding training annually, as do all Trustees. The organisation is supported by a designated safeguarding lead and a linked Trustee on the Board and safeguarding software to report and track concerns.

Approach to fundraising

Fundraising performance exceeded agreed targets for year ended 31 March 2024. Fundraising activities for CSCT and The Colombo Centre mostly comprise of funding from trusts, foundations and public sector bodies. The charity and its subsidiary undertake a small amount of community fundraising, and very modest amounts of funding from corporate supporters and private donors.

Alongside this work, we continue to ensure a suite of key operational policies to manage a wide range of risk are in place and we work towards the establishment of a new Audit and Risk Committee which will make recommendations across the Coin Street group of organisations, including CSCT.

Plans for future periods

Our fundraising activity is guided by our Fundraising Lead who is a member of the Institute of Fundraising. We are not currently registered with the Fundraising Regulator, but we are exploring this as a future ambition.

Risk management

Coin Street has commissioned PwC to deliver a review of our Risk Management Framework. This builds on current risk registers for the charity as well as assessing the risk appetite and risk management maturity of the organisation. A new risk management handbook is under development along with the piloting of a new risk assessment schedule.

Subject to satisfactory funding arrangements we intend to continue to deliver the activities and services outlined earlier in this report.

The development of Doon Street Leisure Centre will remain a key focus for the organisation as we consider our approach to assuming responsibility for the new leisure and community facilities.

We will also continue to develop and mature our fundraising capabilities, including the roll-out of a new fundraising strategy to support our community programmes.

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Statement of responsibilities of the Trustees

The trustees (who are also directors of Coin Street Centre Trust and the Colombo Street Community and Sports Centre for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

In so far as the trustees are aware:

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

Auditor

Sayer Vincent was appointed as the charitable company’s auditor during the year and has expressed their willingness to continue in that capacity.

The Trustees’ annual report has been approved by the Trustees and signed on their behalf by:

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

Leonard Goodrich Chair

David Hopkins Secretary

28 January 2025

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Independent Auditor’s report

Independent Auditor’s report

Opinion

We have audited the financial statements of Coin Street Centre Trust (the ‘parent charitable company’) and its subsidiary (the ‘group’) for the year ended 31 March 2024 which comprise the consolidated statement of financial activities, the group and parent charitable company balance sheets, the consolidated statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other Information

The other information comprises the information included in the trustees’ annual report, other than the group financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the group financial statements does not cover the other information, and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the group financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the group financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the group financial statements section of our report. We are independent of the group and parent charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Coin Street Centre Trust’s ability to continue as a going

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception In the light of the knowledge and understanding of the group and the parent charitable company and their environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 and Charities Act 2011 requires us to report to you if, in our opinion:

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— Adequate accounting records have not been kept by the parent charitable company, or returns adequate for our audit have not been received from branches not visited by us; or

— The parent charitable company financial statements are not in agreement with the accounting records and returns; or

considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of noncompliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the parent charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the group’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the group or the parent charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed auditor under the Companies Act 2006 and section 151 of the Charites Act 2011 and report in accordance with those Acts.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are

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Independent Auditor’s report

Independent Auditor’s report

override of controls, we tested the appropriateness of journal entries and other adjustments, assessed whether the judgements made in making accounting estimates are indicative of a potential bias and tested significant transactions that are unusual or those outside the normal course of business.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/ auditorsresponsibilities. This description forms part of our auditor’s report.

Other Matter

The financial statements of Coin Street Charitable Trust and subsidiaries for the year-ended 31 March 2024 were not audited. They were independently examined by Noelia Serrano of Sayer Vincent LLP.

Senior statutory auditor

30 January 2025

for and on behalf of Sayer Vincent LLP, Statutory Auditor 110 Golden Lane, London EC1Y 0TG

Sayer Vincent LLP is eligible to act as auditor in terms of section 1212 of the Companies Act 2006

Use of our report

This report is made solely to the charitable company’s members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and section 144 of the Charities Act 2011 and regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charitable company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

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•*M Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

Consolidated statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2024

Note
Unrestricted
£
Income from:
Donations and legacies
2
662,310
Charitable activities
Community activity
3
13,282
Membership subscriptions
and fees
171,166
Hatfields and Paris Gardens
sports fields
295,557
Other income from
Centre activities
5,398
Other trading activities
49,312
Interests
4,713
Other income
3,000
Total income
1,204,738
Expenditure on:
4
Raising funds
4,558
Charitable activities
1,010,274
Total expenditure
1,014,832
Net movement in funds
5
189,906
Reconciliation of funds:
Total funds brought forward
514,344
Total funds carried forward
704,250		 Restricted
£
-
120,660
-
-
-
-
-
-
120,660
-
87,233
87,233
33,427
19,312
52,739		 Total 2024
Unrestricted
£
£
662,310
281,191
133,942
6,925
171,166
129,404
295,557
271,350
5,398
4,203
49,312
41,559
4,713
997
3,000
16,750
1,325,398
752,379
4,558
2,590
1,097,507
858,898
1,102,065
861,488
223,333
(109,109)
533,656
623,453
756,989
514,344		 Restricted
£
-
83,419
-
-
-
-
-
-
83,419
-
80,357
80,357
3,062
16,250
19,312		 Total 2023
£
281,191
90,344
129,404
271,350
4,203
41,559
997
16,750
835,798
2,590
939,255
941,845
(106,047)
639,703
533,656

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 18a to the financial statements.

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Balance sheet As at 31 March 2024

Company no . 02095752

Note
Fixed assets:
Tangible assets
10
Current assets:
Debtors
13
Cash at bank and in hand
Liabilities:
Creditors: amounts falling due within one year
14
Net current assets
Creditors: amounts falling due after one year
16
Total net assets
Funds:
18a
Restricted income funds
Unrestricted income funds:
Designated funds
General funds
Total unrestricted funds
Total funds		 2024
£
156,583
156,583
68,707
662,724
731,431
(110,951)
777,063
(20,074)
756,989
52,739
573,989
130,261
704,250
756,989		 The Group
2023
£
175,801
175,801
42,604
433,180
475,784
(87,295)
564,290
(30,634)
533,656
19,312
413,053
101,291
514,344
533,656		 2024
£
53,471
53,471
10,880
258,143
269,023
(24,684)
244,339
-
297,810
52,739
209,159
35,912
245,071
297,810		 The Charity
2023
£
53,471
53,471
8,275
258,028
266,303
(23,857)
242,446
-
295,917
19,312
209,159
67,446
276,605
295,917

Approved by the Trustees signed on their behalf by

Leonard Goodrich Chair

David Hopkins Secretary

28 January 2025

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

47

Consolidated statement of cash flows For the year ended 31 March 2024

Cash flows from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Depreciation charges
Dividends, interest and rent from investments
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by / (used in) operating activities
Cash flows from investing activities:
Dividends, interest and rent from investments
Purchase of fixed assets
Net cash (used in) investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 £
223,333
19,658
4,713
(26,103)
13,096
(4,713)
(440)		 2024
£
234,697
(5,153)
229,544
433,180
662,724		 £
(106,047)
27,669
997
5,813
(7,468)
(997)
(46,845)		 2023
£
(79,036)
(47,842)
(126,878)
560,058
433,180

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

48

Notes to the financial statements For the year ended 31 March 2024

1. Accounting policies

a) Statutory information

Coin Street Centre Trust is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address is Coin Street Neighbourhood Centre, 108 Stamford Street South Bank, London, SE1 9NH and is also operational at 34-68 Colombo Street, London SE1 8DP.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

These financial statements consolidate the results of the charity and its wholly-owned subsidiary Colombo Street Community and Sports Centre on a line by line basis. Transactions and balances between the charity and its subsidiary have been eliminated from the consolidated financial statements. Balances between the two entities are disclosed in the notes of the charity’s balance sheet. A separate statement of financial activities, or income and expenditure account, for the charity itself is not presented because the charity has taken advantage of the exemptions afforded by section 408 of the Companies Act 2006. A summary of the result for the year is disclosed in the notes to the accounts.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

d) Going concern

The trustees, have considered the impact of prevailing economic challenges and have reforecast and budgeted to March 2025. The Group is in compliance with its Reserves policy, and in a position to designate funds for particular purposes, while maintaining a good level general funds and working capital to carry out its core objectives. From this assessment the trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

49

Notes to the financial statements For the year ended 31 March 2024

1. Accounting policies (continued)

e) Income (continued)

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

f) Donations of gifts, services and facilities

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) Interest receivable

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

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

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Expenditure on charitable activities includes the costs of community and youth activities undertaken to further the purposes of the charity and their associated support costs.

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

50

Notes to the financial statements For the year ended 31 March 2024

1. Accounting policies (continued)

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Support and governance costs are re-allocated to each of the activities based on direct costs.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

– Leasehold costs Remaining lease term (terminates December 2044)
– Centre equipment 3-5 years
– Fixtures and fittings 10 years

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

51

Notes to the financial statements For the year ended 31 March 2024

1. Accounting policies (continued)

o) Pensions

The charitable company offers employees an auto enrolment pension scheme to which they make contributions unless they choose to opt out. The pension cost charge represents contributions payable by the charitable company to the scheme. The charitable company has no liability under the scheme other than for the payment of those contributions.

p) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2. Income from donations and legacies

Unrestricted
£
Donations from CSCB (note 6)
651,392
Donations
10,918
662,310		 Restricted
£
-
-
-		 Total 2024
Unrestricted
£
£
651,392
231,465
10,918
49,726
662,310
281,191		 Restricted
£
-
-
-		 Total 2023
£
231,465
49,726
281,191

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

52

Notes to the financial statements For the year ended 31 March 2024

3. Income from charitable activities

Unrestricted
£
Community activity
Arts Council
-
Archbishops Park Community Trust
-
Better Bankside (Community Micro-Grants)
-
Duke of Edinburgh
-
Incredible Edible Lambeth
-
Jack Petchey Foundation (Leader Award Grant) -
Lambeth Council (Active Lambeth Fund)
-
Lambeth Council Holiday Activity
-
London Community Foundation
-
National Lottery Sport
(Tackling Inequalities Fund)
-
London Youth (Good for Girls Fund)
-
The Mayor’s Fund for London (Kitchen Social) -
Metropolitan Public Gardens Association
-
Newcomen Collect
-
The National Lottery (Sport)
-
The National Lottery (Awards for All)
-
Southwark Charities
-
Southwark Council Holiday Activity
-
Southwark Council (Football)
-
Southwark Council
(Positive Future for Young People Fund)
-
Sport England
-
St Olave’s Foundation Fund
-
Walcot Foundation
-
Westminster School
-
King’s College London
(King’s Civic Challenge Award)
1,830
Earned income
11,452
Total income from
community activities
13,282
Membership subscriptions and fees
171,166
Hatfields and Paris Gardens sports fields295,557
Other income from Centre activities
5,398
Total income from
charitable activities
485,403		 Restricted
£
27,000
2,605
-
5,626
-
1,400
-
2,600
10,000
625
-
2,250
-
1,350
10,000
-
-
5,280
25,850
-
10,074
-
15,000
1,000
-
-
120,660
-
-
-
120,660		 Total 2024
Unrestricted
£
£
27,000
-
2,605
-
-
-
5,626
-
-
-
1,400
-
-
-
2,600
-
10,000
-
625
-
-
-
2,250
-
-
-
1,350
-
10,000
-
-
-
-
-
5,280
-
25,850
-
-
-
10,074
-
-
-
15,000
-
1,000
-
1,830
-
11,452
6,925
133,942
6,925
171,166
129,404
295,557
271,350
5,398
4,203
606,063
411,882		 Restricted
£
2,930
2,930
920
-
250
2,312
2,000
5,360
-
2,875
6,500
2,750
550
-
-
9,940
3,000
8,422
-
25,850
-
2,760
-
2,000
5,000
-
83,419
-
-
-
83,419		 Total 2023
£
2,930
2,930
920
-
250
2,312
2,000
5,360
-
2,875
6,500
2,750
550
-
9,940
3,000
8,422
-
25,850
-
2,760
-
2,000
5,000
6,925
90,344
129,404
271,350
4,203
495,301

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

53

Notes to the financial statements For the year ended 31 March 2024

4a. Analysis of expenditure

Raising
Funds
£
Staf costs
-
Other staf costs
-
Youth and community
-
Information technology
-
Centre management fees
-
Premises costs
-
Publicity
4,558
Depreciation
-
Other support costs
-
Sessional workers
-
Activity Costs
-
Other direct costs
-
General ofice costs
-
Consultancy
-
Audit / Independent
examiner’s fee
-
Bank Charges
-
4,558		 Sports
Centre
£
187,353
-
1,923
17,746
114,552
162,337
-
19,658
-
-
-
-
-
-
-
-
503,569		 Community
activity
£
-
-
-
-
-
-
-
-
-
73,191
411,683
15,489
-
-
-
-
500,363		 Support
costs
£
10,479
17,479
-
-
-
-
-
-
23,658
-
-
948
2,947
-
11,207
2,288
69,006		 Governance
costs
£
-
-
-
-
-
-
-
-
-
-
-
4,307
-
1,848
18,414
-
24,569		 Total 2024
£
197,832
17,479
1,923
17,746
114,552
162,337
4,558
19,658
23,658
73,191
411,683
20,744
2,947
1,848
29,621
2,288
1,102,065		 Total 2023
£
171,125
9,794
12,810
15,101
151,008
140,720
2,590
27,669
28,773
84,844
255,809
17,371
3,946
1,892
17,262
1,131
941,845

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

54

Notes to the financial statements For the year ended 31 March 2024

4b. Analysis of expenditure (prior year)

Staf costs
Other staf costs
Youth and community
Information technology
Centre management fees
Premises costs
Publicity
Depreciation
Other support costs
Sessional workers
Activity Costs
Other direct costs
General ofice costs
Consultancy
Audit / Independent examiner’s fee
Bank Charges		 Raising
Funds
£
-
-
-
-
-
-
2,590
-
-
-
-
-
-
-
-
-
2,590		 Sports
Centre
£
160,858
-
12,810
15,101
151,008
140,720
-
27,669
-
-
-
-
-
-
-
-
508,166		 Community
activity
£
-
-
-
-
-
-
-
-
-
84,844
255,809
-
-
-
-
-
351,462		 Support
Governance
costs
costs
£
£
10,267
-
9,794
-
-
-
-
-
-
-
-
-
-
-
-
-
28,773
-
-
-
-
-
3,174
3,388
3,946
-
-
1,892
1,842
15,420
1,131
-
58,927
20,700		 Total 2023
£
171,125
9,794
12,810
15,101
151,008
140,720
2,590
27,669
28,773
84,844
255,809
17,371
3,946
1,892
17,262
1,131
941,845

5. Net income/(expenditure) for the year

This is stated after charging:
2024 2023
£ £
Depreciation 19,658 27,669
Independent Examiner’s Fee (excluding VAT):
Audit / Independent Examination 16,875 9,700
Accounts preparation 4,875 3,150

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

55

Notes to the financial statements For the year ended 31 March 2024

6. Analysis of staff costs, remuneration and expenses of members of the Management Committee, and the cost of key management personnel

Staff costs were as follows:

Staf costs were as follows:
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes
Maintenance staf		 2024
£
166,256
11,924
9,172
10,479
197,832		 2023
£
138,333
10,601
11,924
10,267
171,125

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits (including pension contributions and employer’s national insurance) of the key management personnel were £47,811 (2023: £45,469). The key management personnel’s employee benefits were paid by Jubilee Hall Trust, and were repaid by the Charity via centre management fees. These costs are not included in the salaries and wages above.

The charity Trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity Trustees received payment for professional or other services supplied to the charity (2023: £nil).

Trustee expenses of £13 (2023: £nil) were paid in the year to 1 trustee (2023: nil).

7. Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 9 (2023: 8).

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

56

Notes to the financial statements For the year ended 31 March 2024

8. Related party transactions

Coin Street Community Builders Limited (CSCB) is party to a number of transactions related to the Trust’s Coin Street family and children’s centre and Colombo Sports Centre. During the year there were the following transactions between the two organisations:

2024 2023
£ £
Gift in kind from CSCB 376,392 273,359
Donations from CSCB 275,000 49,726

During the year, staff were provided by Coin Street Community Builders and not recharged to the Trust, recognised as a gift in kind of £376,392 (2023: £273,359). In addition CSCB charged for staff member time £8,042 (2023: £8,577). During the year CSCB also paid the Colombo Sports Centre standard rate gym membership fees for their staff, volunteers and community members £9,750 (2023: £8,918).

Trustees made donations totalling £80 during the financial year (2023:£nil).

9. Taxation

The Charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

57

Notes to the financial statements For the year ended 31 March 2024

10. Tangible fixed assets

The Group and Charity
Cost
At the start of the year
Additions in year
At the end of the year
Depreciation
At the start of the year
Charge for the year
At the end of the year
Net book value
At the end of the year
At the start of the year		 Leasehold
Restricted
£
374,753
-
374,753
273,886
15,143
289,029
85,724
100,867		 Fixtures
and fittings
£
99,877
-
99,877
91,340
1,964
93,304
6,573
8,537		 Centre
Assets under
equipment
construction
£
£
241,617
53,471
440
-
242,057
53,471
228,691
-
2,551
-
231,242
-
10,815
53,471
12,926
53,471		 Total 2024
£
769,718
440
770,158
593,917
19,658
613,575
156,583
175,801

“Assets under construction” reflects professional design and planning fees in connection with the ongoing project to build a new leisure centre.

Colombo Street Community and Sports Centre holds leases on its main sports centre premises and its two sports grounds at peppercorn rents. The Centre premises are held for 125 years to November 2112 and the sports grounds are both held for 40 years to December 2044.

All of the above assets are used for charitable purposes

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

58

Notes to the financial statements For the year ended 31 March 2024

11. Subsidiary undertaking

On 7th December 2009, Colombo Street Community and Sports Centre registered as a company (number 01933656 and charity number 292623).

Colombo is a subsidiary of the Trust.

A summary of the results of the subsidiary is shown below:

Total incoming resources
Resources expended
Net (expenditure)/income
Total funds at the beginning of the year
Total funds at the end of the year
A summary of Colombo’s Balance Sheet is shown below:
Fixed assets
Current assets
Creditors: amounts falling due within one year
Creditors: amounts falling due in more than one year
Net assets		 2024
£
804,444
(583,004)
221,440
237,739
459,179
2024
£
103,112
462,408
(86,267)
(20,074)
459,179		 2023
£
508,043
(570,912)
(62,869)
300,608
237,739
2023
£
122,329
209,481
(63,438)
(30,634)
237,738

12. Parent charity

The parent charity’s gross income and the results for the year are disclosed as follows:

2024 2023
£ £
Gross income 520,954 327,755
Result for the year 1,893 (43,178)

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

59

Notes to the financial statements For the year ended 31 March 2024

13. Debtors

Trade debtors
Prepayments and accrued income
Other debtors		 2024
£
2,454
8,426
-
10,880		 The Charity
2023
£
1,856
6,419
-
8,275		 2024
£
26,050
35,765
6,892
68,707		 The Group
2023
£
23,188
12,034
7,382
42,604

14. Creditors: amounts falling due within one year

Trade creditors
Accruals
Tax and social security
Other creditors
Bank loans
Deferred income (note 15)
15. Deferred income
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2024
£
6,453
18,231
-
-
-
-
24,684
2024
£
-
-
-
-		 The Charity
2023
£
17,667
6,190
-
-
-
-
23,857
The Charity
2023
£
-
-
-
-		 2024
£
31,960
64,025
2,399
1,567
10,648
352
110,951
2024
£
1,545
(1,545)
352
352		 The Group
2023
£
41,216
30,670
2,276
1,983
9,605
1,545
87,295
The Group
2023
£
6,750
(6,750)
1,545
1,545

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

60

Notes to the financial statements For the year ended 31 March 2024

16. Creditors: amounts falling due after one year

Bank loans 2024
£
-
-		 The Charity
2023
£
-
-		 2024
£
20,074
20,074		 The Group
2023
£
30,634
30,634

Bounce Back loans totalling £30,722 (2023: £41,282) is part of a Government backed scheme guaranteed by the Governments supporting businesses affected by Covid-19. The loan held by Colombo Street Community and Sports Centre is the for 5 years, with the first repayment due in May 2022. It’s charged at an interest of 2.5%.

17a. Analysis of net assets between funds (current year)

Tangible fixed assets
Non-current liabilities
Net current assets
Net assets at 31 March 2024		 General
unrestricted
£
-
(20,074)
150,334
130,260		 Designated
£
156,583
-
417,406
573,989		 Restricted
£
-
-
52,739
52,739		 Total funds
£
156,583
(20,074)
620,480
756,989

17b. Analysis of net assets between funds (prior year)

Tangible fixed assets
Non-current liabilities
Net current assets
Net assets at 31 March 2023		 General
unrestricted
£
-
(30,634)
131,925
101,291		 Designated
£
175,801
-
237,252
413,053		 Restricted
£
-
-
19,312
19,312		 Total funds
£
175,801
(30,634)
388,489
533,656

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

61

Notes to the financial statements For the year ended 31 March 2024

18a. Movements in funds (current year)

At 1 April
2023
£
Restricted funds:
Arts Council
-
Archbishops Park Community Trust
-
Duke of Edinburgh
-
Incredible Edible Lambeth
61
Jack Petchey Foundation (Leader Award Grant)
1,100
Lambeth Council Holiday Activity
-
London Community Foundation
-
London Sport (Tackling Inequalities Fund)
625
The Mayor’s Fund for London (Kitchen Social)
2,000
National Lottery Community Fund
9,940
National Lottery Sport (Tackling Inequalities Fund)
-
Newcomen Collect
-
Southwark Council (Positive Future for Young People Fund)2,530
Southwark Council Football
-
Southwark Council Holiday Activities
1,056
Sport England
-
St Olave’s Foundation Fund
2,000
Walcot Foundation
-
Westminster School
-
Total restricted funds
19,312
Unrestricted funds:
Designated funds:
Community programmes support
24,131
Community sessions
59,165
Feasibility study
30,000
Fixed Assets
175,801
Future Development
96,523
Repairs and Maintenance
7,487
Sinking Fund
19,946
Total designated funds
413,053
General funds
101,291
Total unrestricted funds
514,344
Total funds
533,656		 Income
& gains
£
27,000
2,605
5,626
-
1,400
2,600
10,000
625
2,250
-
10,000
1,350
-
25,850
5,280
10,074
-
15,000
1,000
120,660
-
-
-
-
-
200,000
-
200,000
1,004,738
1,204,738
1,325,398		 Expenditure
& losses
£
(5,920)
(1,659)
(357)
(61)
(1,341)
(1,500)
(10,000)
(1,250)
(2,270)
(9,940)
(9,323)
-
(2,530)
(25,850)
(6,336)
(1,840)
(2,000)
(4,870)
(187)
(87,233)
-
-
-
(19,558)
-
-
(19,946)
(39,504)
(975,328)
(1,014,832)
(1,102,065)		 Transfers
At 31 March
2024
£
£
-
21,080
-
946
-
5,268
-
-
-
1,159
-
1,100
-
-
-
-
-
1,980
-
-
-
677
-
1,350
-
-
-
-
-
-
-
8,234
-
-
-
10,130
-
813
-
52,739
-
24,131
-
59,165
-
30,000
440
156,683
-
96,523
-
207,487
-
-
440
573,989
(440)
130,260
-
704,250
-
756,989		 Transfers
At 31 March
2024
£
£
-
21,080
-
946
-
5,268
-
-
-
1,159
-
1,100
-
-
-
-
-
1,980
-
-
-
677
-
1,350
-
-
-
-
-
-
-
8,234
-
-
-
10,130
-
813
-
52,739
-
24,131
-
59,165
-
30,000
440
156,683
-
96,523
-
207,487
-
-
440
573,989
(440)
130,260
-
704,250
-
756,989
52,739
24,131
59,165
30,000
156,683
96,523
207,487
-
573,989
130,260
704,250
756,989

The narrative to explain the purpose of each fund is given at the foot of the note below.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

62

Notes to the financial statements For the year ended 31 March 2024

18b. Movements in funds (prior year)

At 1 April Income Expenditure Transfers At 31 March
2022 & gains & losses 2023
£ £ £ £ £
Restricted funds:
Friends of Archbishop Park - 2,930 (2,930) - -
Better Bankside (Community Mico-Grants) - 920 (920) - -
Incredible Edible - 250 (189) - 61
Jack Petchey - 2,312 (1,212) - 1,100
King’s College London (King’s Civic Challenge Award) - 5,000 (5,000) - -
Kitchen Social 1,201 2,750 (1,951) - 2,000
Lambeth Council (Active Lambeth Fund) - 2,000 (2,000) - -
Lambeth Council (Wellbeing Fund) 1,186 - (1,186) - -
Lambeth Council Holiday Activity - 5,360 (5,360) - -
London Sport (Tackling Inequalities Fund) 1,186 2,875 (3,436) - 625
London Youth (Good for Girls Fund) 1,293 6,500 (7,793) - -
Metropolitan Public Gardens Association - 550 (550) - -
The National Lottery (Awards for All) 5,097 9,940 (5,097) - 9,940
Southwark Charities - 3,000 (470) - 2,530
Southwark Council Holiday Activity - 8,422 (7,366) - 1,056
Southwark Council (Positive Future for Young People Fund)
-		 25,850 (25,850) - -
St Olave’s Foundation Fund - 2,760 (760) - 2,000
Walcot Foundation 6,287 - (6,287) - -
Westminster School - 2,000 (2,000) - -
Total restricted funds 16,250 83,419 (80,357) - 19,312
Unrestricted funds:
Designated funds:
Community programmes support 24,131 - - - 24,131
Community sessions 109,785 12,432 (63,052) - 59,165
Feasibility study 30,000 - - - 30,000
Fixed Assets 156,625 - (27,669) 46,845 175,801
Future Development 96,748 - - (225) 96,523
Repairs and Maintenance 7,487 - - - 7,487
Sinking Fund 65,240 - (45,294) - 19,946
Total designated funds 490,016 12,432 (136,015) 46,620 413,053
General funds 133,437 739,947 (725,473) (46,620) 101,291
Total unrestricted funds 623,453 752,379 (861,488) - 514,344
Total funds 639,703 835,798 (941,845) - 533,656

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

63

Notes to the financial statements For the year ended 31 March 2024

18a. Movements in funds (continued)

Purposes of restricted funds

Arts Council

Grant towards the delivery of Coin Street’s over 50s art programme. The project brings together older adults of all abilities, tackling isolation and improving wellbeing. Participants are taught by specialist teachers, and visit a range of exhibitions and talks, broadening cultural and creative influences.

Archbishops Park Community Trust

Coin Street and Archbishops Park Community Trust delivered the project in partnership, with funding from Lambeth Council Wellbeing Fund. Archbishops Park Community Trust is the grant holder. The funding provided 12 wellbeing workshops for older residents, including nature based creative sessions, as well as a tea party in the park.

Better Bankside (Community Micro-Grants)

Grant for an intergenerational community meal, with local young people preparing and running the event for older people and building connections in the community over the festive period. The funding provided staff to support young people, catering, and entertainment.

Duke of Edinburgh

Grant to support the set up and delivery of the Duke of Edinburgh programme for young people at Coin Street aged between 14-24 years. Participants build their own programme, choosing activities and a cause to volunteer for.

Incredible Edible Lambeth

Joint grant for Coin Street and London Nautical School. The funding provided compost, fruit bushes, plants, and seeds for new garden area.

Jack Petchey Foundation (Leader Award Grant)

Grant to support the running of the Achievement Awards scheme. This includes nominating an award winner aged between 11-25 years and an awards presentation. The award winner chooses where the award money is spent. A Coin Street team member was also awarded the Jack Petchey Leader Award and grant, which went towards a trip to Southend-on-sea for young people.

King’s College London (King’s Civic Challenge Award)

Grant to research the health and wellbeing needs of local people post Covid-19. The research is part of a wider project to reimagine the Colombo Centre as a Wellbeing Hub.

Lambeth Council (Active Lambeth Fund)

Grant to support the delivery of sports sessions for young people participating in Youth Night. The funding provided coaches to run a variety of sports and fitness activities including football and gym.

Lambeth Council (Wellbeing Fund)

Grant to expand Coin Street’s Gentle Gardening sessions and involve pupils of the London Nautical School. The funding provided a Community Gardener and refreshments.

Lambeth Council Holiday Activity

Grant to deliver Easter and summer holiday camps at Coin Street. The funding supports children and young people aged 8-13 years, living in Lambeth.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

64

Notes to the financial statements For the year ended 31 March 2024

18a. Movements in funds (continued)

London Community Foundation

Grant to support older adults during the cost-of-living crisis, including the delivery of Feel Good Saturday sessions, and a series of Friday movie nights as part of Coin Street’s ‘warm hubs’ project.

London Sport (Together Fund)

Grant towards the delivery of Coin Street’s Feel Good Saturday programme – a weekly sports, fitness and wellness session where older adults can enjoy being active and socialising in a safe and supportive space. The funding was for walking football and a sports day.

London Youth (Good for Girls Fund)

Grant to run a series of creative and wellbeing sessions for young women aged 10-14 years old. The funding provided wellbeing training for staff, as well as a social action project organised and ran by the young people.

Metropolitan Public Gardens Association

The funding contributed to enhancing the existing community gardening area of Bernie Spain Gardens. This included improved growing spaces made up of four new raised beds and compost.

The Mayor’s Fund for London (Kitchen Social)

Grant to provide nourishing meals for children and young people during Coin Street’s Easter and summer holiday camps.

The National Lottery Community Fund

Grant to deliver Coin Street’s Gentle Gardening programme. Participants, including older adults and young people, learn skills like sowing seeds, planting and harvesting, wedding, watering, and pruning. They spend time outdoors and connect with others, improving physical and mental wellbeing.

National Lottery Sport (People’s Projects)

Coin Street’s project, ‘Sport for Futures’, was shortlisted as one of only five projects in the London region to make it into the final of The National Lottery People’s Projects. The winning projects were decided by public vote as part of a national campaign with ITV.

Newcomen Collect

Grant towards the delivery of Coin Street’s Upgrade Yourself tutoring programme. This funding supports young people aged 10+, living in Southwark, to succeed in their schooling.

Southwark Charities

Grant towards the delivery of Coin Street’s coffee mornings and quiz, as well as an annual trip to the seaside. The funding supports older adults aged 50+, living in Southwark.

Southwark Council (Positive Future for Young People Fund)

Grant to deliver weekend football and provide gym access for local young people who are 14 years old and above, and currently do not engage in youth services.

Southwark Council Football (PFYPF)

Grant towards the delivery of Coin Street’s Get Fit For life programme, for young people aged 14-18 years, including youth gym, trips, football, mentoring and career guidance.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

65

Notes to the financial statements For the year ended 31 March 2024

18a. Movements in funds (continued)

Southwark Council Holiday Activity

Grant towards the delivery of Easter and summer holiday camps at Coin Street. The funding supports children and young people aged 8-13 years, living in Southwark.

Sport England

Grant towards the delivery of Coin Street’s Feel Good Saturday programme – a weekly sports, fitness and wellness session where older adults can enjoy being active and socialising in a safe and supportive space.

St Olave’s Foundation Fund

Grant towards the running of an event for Young Leaders and CSCT Trustees, Eid celebration, volunteering and Young Leaders celebration as well as an event for Black History month.

Walcot Foundation

Grant towards the delivery of Coin Street’s Upgrade Yourself tutoring programme. The funding supports disadvantaged young people aged 10+, living in Lambeth, to succeed in their schooling, levelling up the playing field with their more affluent peers.

Westminster School

Grant towards the delivery of Coin Street’s Upgrade Yourself tutoring programme, supporting young people aged 10+ to succeed in their schooling. Sixth form students from Westminster School volunteer to tutor and mentor younger participants over the course of the programme.

Purposes of designated funds

Community programmes support - The purpose of the designated community programmes fund is to be spent on community programmes and gym improvements when they fall due.

Community sessions - to support the ongoing running of our programme of community groups, activities and projects. Feasibility study - These funds will be used to look at the future operating model for the Colombo Sports Centre Fixed assets - are assets held on the balance sheet by the charity and will be depreciated over the life of asset. Future Development - to support design, business planning, legal and financial advice and all essential upstream costs associated with the development of the Doon Street swimming pool and leisure centre. This is a major project which will be funded by a £20m endowment once constructed and is expected to provide an ongoing, reliable source of income for the Trust for decades to come.

Repairs and Maintenance - This fund has been set aside for any major works not covered by the annual budget Sinking Fund - Funds set aside to cover the replacement of wasting fixed assets.

Fund transfers

Transfers into restricted funds are to reflect the additional spend above the restricted income from unrestricted funds.

19. Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

66

Thank you

On behalf of the people in Waterloo and North Southwark we served in 2023/24, we would like to thank you for your partnership, support, and generosity . You have made a significant difference to their lives, and we appreciate your commitment to our shared vision .

Coin Street Community Builders

Thank you to Coin Street Community Builders for providing venue space, staff and other resources, in kind, to enable CSCT to fulfil our community work.

Colleagues and volunteers

Our work relies on the dedication and expertise of colleagues and volunteers. The Trustees recognise the huge and ongoing contributions made by staff in our nursery, family and children’s centre and offices, and particularly those working directly with our community. We extend our gratitude to them all and acknowledge their commitment to Coin Street’s mission and values.

This year, we were supported by 139 volunteers of all ages. These individuals embody the spirit of our community in supporting one another.

Your collective efforts make our neighbourhood a wonderful place to live, work and visit.

Coin Street Centre Trust and subsidiaries for the year ended 31 March 2024

67

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Coin Street. centre trust