Trustees’ Report and Accounts for the financial year st 1 April 20 20 to st 31 March 202 1
Vauxhall Gardens Community Centre
Contents
| Page | |
|---|---|
| Reference and administrative | 1 |
| Trustees' report | 2 - 6 |
| Independent examiner’s report | 7 |
| Statement of financial activities | 8 |
| Balance sheet | 9 |
| Notes to the accounts | 10 - 18 |
Vauxhall Gardens Community Centre
Reference and administrative information
Trustees Tim Kalvis Christian Kerrigan Anna Tapsell Natalie Cole, (Chair ) Pamela Fry, Treasurer Dorette Newton Patrick Agyeman (Vice Chair) Rosa Da Cruz costa Ernest Ako (Secretary)
Resigned Oct 2021 Resigned Jun 2021 Appointed Chair Dec 2021 Appointed June 2021 Appointed Dec 2021 Appointed Dec 2021 Appointed Dec 2021
Charity number 296876 Principal office 5 Glasshouse Walk London SE11 5ES Independent Examiner Kathleen Moss ACMA, CGMA Kathleen Moss Ltd 48 Lawn Terrace London SE3 9LP
Bankers CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
1
Vauxhall Gardens Community Centre
Trustees' Report
For the year ended 31 March 2021
The trustees are pleased to present their report together with the unaudited financial statements of the charity for the year ended 31 March 2021.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011, the Charities Statement of Recommended Practice ("SORP (FRS 102)") applicable to charities preparing their report and financial statements in accordance with the Financial Reporting Standard applicable in the UK (FRS 102) (effective 1 January 2015).
Structure and Governance
The Community Centre was set up in 1986 and registered as an unincorporated charity on 24 June 1987. The charity is governed by its Constitution and Rules adopted on 13 February 1986 and subsequently amended on 8 March 2016 and 10 May 2016.
Key management personnel are represented by the trustees, who are responsible for the strategic vision of the Community Centre, together with the Centre Manager to whom day-to-day responsibility of running the Centre has been devolved.
Employment and remuneration policy
VGCC is an equal opportunities employer and therefore there is no discrimination between men and women or between full and part time workers in deciding their remuneration.
The remuneration of all staff, including key management personnel other than the trustees, is reviewed each year by the Management Committee. No trustee received any remuneration during the current or prior year.
Objectives and activities
The charitable objects of the Community Centre have been to promote the benefit of the inhabitants of the triangle created by the boundaries formed by the South side of Black Prince Road, the North West side of Kennington Lane and the Railway Viaduct (the "area of benefit"). In 2016 with the permission of the Charity Commission, the area of benefit was expanded to include the whole of postcode SE11, stretching across Bishop’s, Prince’s and Oval Wards in North Lambeth, to reflect more accurately those using the Centre and to pursue the Centre’s vision of working with a wider community while keeping the original area of benefit central to activity.
It does so by associating the Local Authorities, voluntary organisations and inhabitants in a common effort to advance education, relieve poverty, sickness and distress, further health and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the aid inhabitants.
Public Benefit
The trustees have complied with their duty under Section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Charity Commission. The trustees judge that activities in pursuit of the above objectives fully meet the public benefit test which they keep in mind when reviewing their objectives and activities and in the planning of future activities.
In delivering services and in the appointment of staff, volunteers and trustees, the Community Centre operates without distinction of sex or race or of political, religious or other opinions.
2
Vauxhall Gardens Community Centre
Trustees' Report continued
Achievement and Performance
VGCC like many other organisations were impacted by Covid-19. As a result of the pandemic, VGCC was forced to close its doors for most of 2020 and had very few activities taking place in early 2021. Most activities were run online via zoom and others face to face with just a few people attending at a time. VGCC harnessed the community spirit which is the foundation upon with VGCC operates. Here is what took place over the last year:
Foodbank
In a direct response to the lockdown VGCC’s duties aimed at tackling food poverty. With the help of funding from CAF bank, VGCC started a foodbank and this has since helped countless households facing food poverty, by providing food parcels which also included necessary toiletries.
We saw our biggest attendance at Christmas when a lot of households came to collect food parcels including turkeys, fresh fruits and vegetables donated through FareShare. We also had a big donation from one committed foodbank supporter (a local lady who would like to remain anonymous) who brought in 3 crates of different items.
We received Sainsbury’s supermarket vouchers donated by Vauxhall One which were given to some who came to the Christmas foodbank to help top up their Christmas food shopping.
Two local churches, namely Lambeth Mission & St Mary’s and St Anslem’s kindly collected a lot of food for the VGCC foodbank. Appreciation goes to the congregation members of these two churches. The items helped to support a lot of families, so thank you very much.
We would like to say a very big thank you to all those who donated items for the foodbank and most of all to all our volunteers who has made this a success. We appreciate your commitment and support.
Fitness Class
VGCC secured funding from Sports England and in partnership with SportWorks and have been delivering fitness class to adults once a week. During the summer programme, the fitness class was delivered to children who attended the summer holiday scheme along with their parents/guardians. This fitness classes have seen over 40 people attend the sessions and benefit a lot from the exercises. This was a pilot scheme and we would like to continue delivering the sessions funds permitting. We look to continue this in the new financial year (from April).
HaF Programme
Lambeth Council awarded funding to coordinate the Holiday and Activities and Food Programme over the Summer Holiday. The programme was delivered over 4 weeks during summer holiday with over 40 children in attendance
The programme welcomed children from the age of 8 to 16 years old and consisted of physical activities, nutritious meals as well as food advice not only this, several workshops, namely jewellery making, baking, printing, film workshops and pottery.
The feedback was so positive that Lambeth immediately awarded further funds to run such programmes over the next academic year.
Women’s Group
Women’s Group meets regularly on Wednesdays. This is a talking support group, and all are welcome from the age of 18 years and above. This group was set up to empower women.
The group was unable to meet face to face because of the lockdown. They met via Zoom a few times but felt disconnected, so the group decided to put the meetings on hold. The group has a WhatsApp group where they communicate to keep in touch with each other. The group hopes to start meeting face to face from February/March 2022.
Sewing Group (Just Like Us)
This support group for carers and the people they care for meet on a weekly basis at the community centre to undertake various activities. This group’s activities were also interrupted because of the lockdown, but they stayed in touch and met in the park to do a bit of gardening.
The group resumed their face-to-face activities late 2020. Their activities as always are for carers, people with a disability and people that feel isolated.
The activities include:
Collage with materials and paper prints.
A few workshops with the Old Vic learning theatre technics and fun play. A trip to the Old Vic theatre to watch A Christmas Carol play.
As always attendees are encouraged to use their initiative and often produce their own ideas, creating various items using the sewing machines as well as painting.
3
Vauxhall Gardens Community Centre
Trustees' Report continued
Cool it Art
Cool it Art rapidly changed to adapt to be able to still engage the families it works with - their first online class was the 24th of March until the end of the 2019/20 programme Sept 2019 - August 2020. With these online sessions they had 997 attendances from children and parents on Zoom over 22 classes. In agreement with their funders; Cool it Art repurposed their budget to be able to create art “care packages” to distribute to children most in need. Just under 40 children had art materials delivered to their homes so they could continue to engage in the sessions during lockdowns.
Cool it Art celebrated their 7th Birthday online with some party games over Zoom and some suitable party crafts! The completed 7th yearly programme had 1550 attendances when it ended in August 2020, the 8th yearly programme which started in Sept 2020 till (March 2021) has had 741 attendances over 26 sessions, online and in person; lockdown dependant.
WATMOS the housing provider for the Ethelred Estate contracted Cool it Art to do some virtual art sessions over Easter for their residents engaging new families with creative activities.
Cool it Art partnered with Neon Performing Arts’ “NeonCREATE” project from May - July 2020; delivering online classes across multiple disciplines resulting in a feature length film created from self-filmed footage to celebrate resilience and community through such uncertain times. There were a total of 1645 attendances over 124 classes delivered virtually with Hip Hop, Ballet, Contemporary, Fusion, Singing, Drama, Body Conditioning & Art.
Cool it Art were funded by Lambeth Youth & Play for “6 WoW” - 6 Ways of Well-Being a multidisciplinary Arts project, delivered virtually, over the Summer holidays, August 2020 for Lambeth residents combining Art, Upcycling/Sewing, Dance, Creative Writing, Yoga & Mindfulness to teach children about the 6 ways of well-being to give them transferable skills to implement for their own well-being. Neon Performing Arts was also a partner on this project
Working with Neon Performing Arts with funding from LambethELEVATE to launch NeonELEVATE a prototype for a youth company working with 13-18 year olds to support them to create their own show, Cool it Art worked with youth to create artworks as the backdrops for the show that was filmed at Aures which provided an innovative setting with 360 digital screens at the venue.
Even through trying and uncertain times with the impact of Covid-19 Cool it Art have strived to continue to connect communities through creativity through all the projects we have delivered or partnered on.
Neon Performing Arts
Since the pandemic Neon has managed to secure a total of £100K funding between Arts Council; Vauxhall One and Lambeth Arts and Culture.
These funds have supported Neon to retain the studio space at VGCC; Neon was able to award fully funded places to 65 students, 5-16 years old where parents were unable to pay, having lost their job due to the pandemic.
In October 2020 Lambeth Council co-commissioned a youth-led theatre maker project, ‘Let the World Begin’ for YP (x25) -filmed in May ‘21 at Aures London and performed in August ’21 at Roundabout, Lambeth Arts & Culture.
Building upon the successful pilot “Let The World Begin” which saw the creation of our Youth Company NeonELEVATE, Neon has secured another £125K funding with Arts Council and Lambeth Arts and Culture to run the Company until December 2023.
The Youth Company is for 13-25 years old with a focus around the creative careers and a more inclusive creative future, giving the Young People an understanding of the profession, ownership of the project and an authentic voice for their vision - and in turn open up pathways and progression routes in the creative industries through working with professional artists on an equal footing. The Youth assume a range of roles from performing, artistic direction, costume design, music production, choreography, scriptwriting, lighting, stage and event management. They also access paid work through commissioned shows; touring and events .
Studios and other users
VGCC is a home to various artists based on the second floor of the building. The artists continued their work during the lockdown, and they played a big part in supporting VGCC financially during the lockdown when VGCC could not hire out space to generate much needed income.
Other than the artists, we have different groups that meet in the building weekly, some monthly others quarterly. Lockdown meant that all groups were unable to meet face to face, some met via Zoom and when
4
Vauxhall Gardens Community Centre
Trustees' Report continued
the lockdown was lifted, they were happy to be back in the building. We have church groups, various support groups, Taekwondo, Aikido, and South London Cares. Charities such as Cicely Northcote Trust, Lambeth Mission & St Mary’s Church use the space for their meetings. A refugee support group (Care 4 Calais), whom meet every week to undertake ESOL class also began to use our space.
Bookings declined due to lockdown, once lifted we saw increased demand in bookings for birthdays, wedding and engagement receptions, baby shower, graduation celebration, funeral etc. We will continue to provide space and support for start-up businesses, and we are looking forward to working with many more individuals, charities, and companies in the next financial year. Once again thank you to all who supported VGCC during this difficult time.
Covid 19
VGCC continues to monitor the Covid risk assessment; the board has a nominated trustee to work on changes in Government guidelines. The safety of our staff volunteers and users is of utmost importance and VGCC will continue to operate within the latest Government guidelines.
Risk Management
The trustees are aware of any risks facing the charity and will meet once a month to keep abreast of matters arising. The trustees have set up a WhatsApp group to keep up to date in real time.
Financial Review
Review of the accounts have been carried out by the board of trustees and is correct and complete to the best of trustees’ knowledge.
In the year to 31st March 2021 VGCC had income of £125,309, ( 2020: £137,925 ) and expenditure of £96,878 ( 2020: £117,853 ) leaving an unrestricted surplus for the year of £18,851 ( 2020: £20,342 ). This increases VGCC unrestricted reserve funds to £94,383 . The trustees have every confidence in the future of the organisation and its ability to continue as a going concern, based on these reserves and confirmed or earned income for the next year.
Going Concern
Following another tumultuous year with another centre closure, income has been a matter of concern, many of our tenants continued to pay their rent which contributed to VGCC’s favourable financial position. Further to this we have just replaced our boiler and the roof may require major work this summer which will be costly for VGCC.
After employing our fundraising strategy, VGCC has been able to secure several funds for projects which have allowed us to provide projects for our community and to keep our doors open. We will continue to fundraise and run projects which further help to tackle the effect of Covid-19 on the community. We are fortunate to have reserves of £94,000.
Reserves policy
It is the policy of the Management Committee to hold reserves adequate to fund the basic running expenses of the Community Centre for 6 months and to contribute towards its direct charitable activities, our reserves are in excess of this policy currently.
Future Plans
Following the success from the HaF programme VGCC is seeking to continue to run such programmes throughout the year government guidelines permitting. VGCC is part of the Government Kickstarter scheme with vacancies waiting to be filled. We aim to provide a positive impact to the community via this scheme .
VGCC plans to continue to use the arts to engage with the community and find innovative ways to tackle food poverty, social isolation and the effects of Covid-19 in order to help members of the community create a better life for themselves.
5
Vauxhall Gardens Community Centre
Trustees' Report continued
Trustee responsibilities
The charity trustees are responsible for preparing the trustees’ report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales 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 charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
● select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
●state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
●prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the trustees are aware:
● there is no relevant information of which the charity’s examiners are unaware; and
●the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant information and to establish that the examiners are aware of that information.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website.
Our Independent Examiner, as appointed by the board, Kathleen Moss
Approved by the Board of Trustees on 31st January 2022 and signed on their behalf by:
Natalie Cole
Natalie Cole Chair of Trustees
Postion
6
Vauxhall Gardens Community Centre
Independent Examiner's Report
To the Trustees of Vauxhall Gardens Community Centre
I report to the trustees on my examination of the financial statements of Vauxhall Gardens Community Centre (‘the charity’) for the year ended 31 March 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in
this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to
anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Act and in
carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide.
Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out
-
- in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Kathleen Moss ACMA, CGMA
Kathleen Moss Limited
48 Lawn Terrace London SE3 9LP
Dated: 31/01/2022.
7
Vauxhall Gardens Community Centre
Statement of Financial Activities including Income and Expenditure Account For the year ended 31 March 2021
| Total | Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Unrestricted | Restricted | Funds | |||||||
| Funds | Funds | 2021 | Funds | Funds | 2020 | |||||||
| Income | Notes | £ | £ | £ | £ | £ | £ | |||||
| Donations and legacies | 3 | - | 73,136 | 73,136 | 750 | 5,000 | 5,750 | |||||
| Charitable activities | 4 | 52,168 | - | 52,168 | 132,130 | - | 132,130 | |||||
| Investments | 5 | 5 | - | 5 | 45 | - | 45 | |||||
| Total income | 52,173 | 73,136 | 125,309 | 132,925 | 5,000 | 137,925 | ||||||
| Expenditure: | 6 | |||||||||||
| Raising funds | 3,840 | 3,840 | - | - | ||||||||
| Charitable activities | 29,482 | 63,556 | 93,038 | 112,583 | 5,000 | 117,583 | ||||||
| Total expenditure | 33,322 | 63,556 | 96,878 | 112,583 | 5,000 | 117,583 | ||||||
| Net income and net movement in | ||||||||||||
| funds for the year | 18,851 | 9,580 | 28,431 | 20,342 | - | 20,342 | ||||||
| Reconciliation of funds | ||||||||||||
| Total funds brought forward | 75,532 | - | 75,532 | 55,190 | - | 55,190 | ||||||
| Total funds carried forward | £ | 94,383 |
£ | 9,580 |
£ | 103,963 |
£ | 75,532 |
- | £ | 75,532 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derives from continuing activities.
The notes on pages 1 0 -1 8 form part of these accounts.
8
Vauxhall Gardens Community Centre
Balance Sheet As at 31 March 2021
| Note Fixed assets Tangible Assets 9 Current assets Debtors 10 Cash at bank and in hand Liabilities: Creditors: Amount falling due within one year 11 Net current assets / (liabilities) Net assets The funds of the charity: 12 Restricted income funds 13 Unrestricted income funds 13 Designated funds General reserve Total charity funds |
2021 2020 £ £ - 161 11,188 6,152 104,759 78,862 115,947 85,014 11,984) ( 9,643) ( 103,963 75,371 103,963 75,532 9,580 - - - - - 94,383 75,532 103,963 75,532 |
|---|---|
The notes on pages 1 0 -1 8 form part of these accounts.
The accounts were approved by the trustees on 31st January 2022[and signed on their behalf by]
Pamela Fry
..
Pamela Fry ; Treasurer
Charity Registration No.: 296876
9
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021
1 Statutory information
Vauxhall Gardens Community Centre is a charity, registered in England and Wales number 296876. The charity’s principal address is 5 Glasshouse Walk, London, SE11 5ES. The functional currency is sterling.
2 Accounting policies
2.1 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 accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.
2.2 Public benefit entity
The charity meets the definition of a public benefit entity under FRS 102.
2.3 Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The charity can comfortably operate based on confirmed funding with sufficient reserves.
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.
2.4 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.
Where donations and grants are restricted to future accounting periods, they are deferred and recognised in those future accounting periods. Grants for immediate financial support and assistance, or to reimburse costs previously incurred, are recognised immediately.
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.
Hall hire, rental and trading income is accounted for on a receivable basis.
10
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
2.5 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
2.6 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.
2.7 Expenditure and basis of apportioning costs
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 accounted for on an accruals basis with the irrecoverable element of VAT included with the item to which it relates and has been classified under headings that aggregate all costs related to the category. Expenditure is classified under the following activity headings:
Raising funds: Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Charitable activites: Expenditure on charitable activities includes costs associated with the delivery of the charity's activities and services for its beneficiaries, and include both the direct costs and support costs relating to these activities. Governance costs include those incurred in the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements. Support costs include office costs and those of other central functions.
2.8 Tangible fixed assets and depreciation
The charity operates a policy of capitalising fixed asset items over £500. Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows: Fixtures, fittings & equipment 25% on cost
2.7 Leasing and hire purchase commitments
Rental charges are charged on a straight line basis over the term of the lease.
2.8 Cash at bank and in hand
Cash at bank and in hand includes cash and short term highly liquid investments.
The trustees seek to use short term deposits to maximise the return on monies held at the bank and to manage cash flow.
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.
2.9 Debtors
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.
11
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
2.10 Creditors and provisions
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.
2.11 Fundraising
Funds are raised through individual donations, grants from Trusts, Foundations and Government grants and contracts. Some fundraising events may also be carried out.
2.12 Pensions
The charity operates an Auto Enrolment defined contribution pension scheme.
Contributions are charged to the Statement of Financial Activities as they are incurred.
Volunteers and donated services and facilities 2.13
The value of services provided by volunteers is not incorporated into these financial statements as it is impractical to estimate such value.
Where services and facilities are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.
12
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
3 Donations and legacies
| Grants: CAF Resilience Fund ESC Lottery CJRS Grant London Borough of Lambeth London Community Foundation Donations: Sundry donations 4 Community Centre income: Hall hire Studio and office rentals Basement/Café rental Sundry income 5 Income from investments Interest receivable Income from charitable activities |
Unrestricted Restricted Total Unrestricted Restricted Total 2021 2020 £ £ - 25,510 25,510 - - - 9,580 9,580 13,046 13,046 25,000 25,000 - - - - 5,000 5,000 - - - 750 - 750 |
|---|---|
| - 73,136 73,136 750 5,000 5,750 |
|
| Unrestricted Restricted Total Unrestricted Restricted Total 2021 2020 £ £ 3,935 - 3,935 76,549 - 76,549 41,735 - 41,735 50,402 - 50,402 3,107 - 3,107 5,179 - 5,179 3,391 - 3,391 - - - |
|
| 52,168 - 52,168 132,130 - 132,130 |
|
| Unrestricted Restricted Total Unrestricted Restricted Total 2021 2020 £ £ 5 - 5 45 - 45 |
13
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
6 Analysis of expenditure
| Centre | Centre | Other Centre | Other Centre | Community | Community | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|---|---|
| management | costs | projects | Total | Total | |||||
| £ | £ | £ | £ | £ | |||||
| Cost of raising funds: | 3,840 | 3,840 | - | ||||||
| Charitable activities: | |||||||||
| Staff costs (note 8) | 32,627 | - | - | 32,627 | 32,580 | ||||
| Administrative support | 13,805 | - | - | 13,805 | 22,251 | ||||
| Premises costs | - | 37,938 | - | 37,938 | 51,310 | ||||
| Office costs | - | 1,734 | - | 1,734 | 2,457 | ||||
| Insurance | 2,668 | - | 2,668 | 798 | |||||
| Finance costs | - | 144 | - | 144 | 355 | ||||
| Miscellaneous expenses | - | 1,738 | - | 1,738 | 1,309 | ||||
| VGCC Project | - | - | - | - | 4,250 | ||||
| Christmas Party | - | - | - | - | - | ||||
| Depreciation charges | - | 161 | - | 161 | 163 | ||||
| Other costs | 570 | 933 | - | 1,503 | 1,510 | ||||
| Governance costs | - | 720 | - | 720 | 600 | ||||
| Charitable activities | 47,002 | 46,036 | - | 93,038 | 117,583 | ||||
| Total expenditure 2021 | 50,842 | 46,036 | - | 96,878 | 117,583 | ||||
| Of the total expenditure: | Unrestricted | Restricted | Total | ||||||
| 2020 | £ | 33,322 |
£ | 63,556 |
£ | 96,878 |
|||
| 2020 | £ | 112,583 |
£ | 5,000 |
£ | 117,583 |
Analysis of expenditure - prior year comparative
| Cost of raising funds: Charitable activities: Staff costs (note 8) Administrative support Premises costs Office costs Insurance Finance costs Miscellaneous expenses VGCC Project Christmas Party Depreciation charges Other costs Governance costs Charitable activities Total expenditure 2020 |
Centre management Other Centre costs Community projects 2020 Total £ £ £ £ - 31,830 - 750 32,580 22,251 - - 22,251 - 51,310 - 51,310 - 2,457 - 2,457 798 - 798 - 355 - 355 - 1,309 - 1,309 - - 4,250 4,250 - - - - - 163 - 163 1,410 100 - 1,510 - 600 - 600 |
|---|---|
| 55,491 57,092 5,000 117,583 |
|
| 55,491 57,092 5,000 117,583 |
14
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
| 7 Net income for the year The net income for the year is stated after charging: Depreciation of tangible fixed assets owned by the Charity Independent Examination 8 Staff costs Staff costs during the year were: Salaries and wages Social Security costs Employer’s contribution to defined contribution pension schemes |
2021 2020 £ £ 161 163 600 600 2021 2020 £ £ 32,040 31,993 - - 587 587 |
|---|---|
| 32,627 32,580 |
There were no full-time members of staff (2020: none) and two part-time members of support staff (2020: two) during the year, with one additional member of support staff paid on a freelance basis.
There were no employees whose annual remuneration was £60,000 or more.
The key management personnel of the charitable company are the trustees who do not receive remuneration and the centre manager. Total employee benefits in the year paid to key management personnel including NIC and pension were £28,259 (2020: £28,171).
None of the Trustees (or any person connected with them) received any remunerations from the charity during the year.
9 Tangible fixed assets
| Cost: At 1 April 2020 Additions at cost At 31 March 2021 Depreciation: At 1 April 2020 Charge for year At 31 March 2021 Net book value: At 31 March 2021 At 31 March 2020 |
Fixtures & fitting Office equipment Total £ £ £ 9,426 998 10,424 - - - |
|---|---|
| 9,426 998 10,424 |
|
| 9,265 998 10,100 161 - 161 |
|
| 9,426 998 10,261 |
|
| - - - |
|
| 161 - 161 |
15
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
| 10 Debtors Due within one year: Accrued income and other debtors Prepayments 11 Creditors Amounts falling due within one year: Trade creditors Social Security and other taxes Deposits Deferred income Accruals 12 Analysis of net assets between funds Fund Balances at 31 March 2021 are represented by: Tangible Fixed Assets Current Assets Creditors: Amounts falling due within one year Total net assets Analysis of net assets between funds -prior year comparative Fund Balances at 31 March 2020 are represented by: Tangible Fixed Assets Current Assets Creditors: Amounts falling due within one year Total net assets |
2021 2020 £ £ 5,706 6,046 5,482 106 11,188 6,152 2021 2020 £ £ 2,642 - - 114 6,988 6,944 - - 2,354 2,585 11,984 9,643 Unrestricted Restricted Total Funds Funds Funds £ £ £ 0 - - 115,947 - 115,947 (11,984) - (11,984) |
2021 2020 £ £ 5,706 6,046 5,482 106 |
|---|---|---|
| 11,188 6,152 |
||
| 2021 2020 £ £ 2,642 - - 114 6,988 6,944 - - 2,354 2,585 |
||
| 11,984 9,643 |
||
| 103,963 - 103,963 |
||
| Unrestricted Restricted Total Funds Funds Funds £ £ £ 161 - 161 85,014 - 85,014 (9,643) - (9,643) |
||
| 75,532 - 75,532 |
16
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
13 Funds
The income funds of the charity include restricted and unrestricted funds comprising the following unexpended balances of donations and grants held on trust:
| Restricted Funds CAF Resilience Fund ESC Lottery CJRS Grant London Borough of Lambeth Total Restricted Funds Unrestricted funds: General funds Total funds Funds - prior yearcomparative Restricted Funds London Community Foundation Total Restricted Funds Unrestricted funds: General funds |
At Incoming Outgoing At 01-Apr 31-Mar 2019 2020 £ £ £ £ - 25,510 (25,510) - - 9,580 - 9,580 - 13,046 (13,046) - - 25,000 (25,000) - |
|---|---|
| - 73,136 ( 63,556) 9,580 |
|
| 75,532 52,173 (33,322) 94,383 |
|
| 75,532 125,309 (96,878) 103,963 |
|
| At Incoming Outgoing At 01-Apr 31-Mar 2019 2020 £ £ £ £ 5,000 - (5,000) - |
|
| - - ( 5,000) - |
|
| 55,190 132,925 (112,583) 75,532 |
17
Vauxhall Gardens Community Centre
Notes to the financial statements for the year ended 31 March 2021: continued
14 Related parties
There are no related party transactions to disclose for 2021 (2020: none).
There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.
15 Trustees
No trustee or person connected with them was paid or reimbursed expenses during the year (2020:Nil) and no trustee or person connected with them received any emolument or payment for professional or other services (2020:Nil).
16 Pension and other post-retirement benefit commitments
Defined contribution
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Contributions payable by the company for the year | 587 | 587 |
At 31 March 2021 £114 was outstanding (2020:£114).
17 Operating lease commitments
There are no commitments under non-cancellable operating leases at 31 March 2021 (2020:Nil)
18 Contingent assets or liabilities
There are no contingent assets or liabilities at 31 March 2021 (2020: Nil).
19 Taxation
Due to its charitable status the Community Centre is a tax exempt entity. The trustees are not aware of any matters which might prejudice the tax status of the Community Centre.
18