2023-03-31-accounts - The Sidings Community Centre

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

















  



  





 



          





                    

 

   

      

  

  



     

         

[]           

      

     



             

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  

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                     

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           

      

      

  



  

  



         



         

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    



       



  

  



    

           

                   

      

    

    



  

    



          



          

    



 



 

            

          

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  

   

                             



       

     



     



  





      
  

 
   
 
  
 
 



THE SIDINGS COMMUNITY CElRE U.PAITEDBY GIAwfÈÈ21>Mg (lIArrYiTh. TRUSTEES ANNUAL REPORT. YEAR ENDED 31 MARCH 1023 (c¢1•¢4) RKSPONSIBILITIES OF THK TRiisfiES ThpmL4tte41whtsAre aJwdireci(xsof InarnE trf clwityl forthpurrKtt50fcmrwy18w)r rE5rrfThiblc for [rying the Tnfftes, ReF<rt (inwrrffiunK thr dltttfn. rerKrt) 4ThJ the ' pLcard with applicable Lqw and Unitsj KI1 A¢coLmtin% skn]d IrKIJ[[ FiwrtiAI lierfftringS¢)dard 102 ThrFlwrlul RepMn%Srf4lr<{b1¢ the UKaMIRernlKrflr¢lapkl tr aThJ fair view of of •ffatr5 0ftrrhtiritaNetmFY l¥Ni tr8toupl 1 olthe I(lle eXrltfft ofthcharithk Icomwylwl r(Yth8t n(Al. In[ryithE8e titwic1 thtcM¢n a )uiEd)l¢ th¢n4pply thc4n con51Gny.' a LtheThe fflettKwts wxl Wincits Chtriiie5 SORP.. s¢th whclh¢rawAicabie UK ACC(nE1 si11[s have t¢zn follort Iny malerfal dL%lasuiaTrJ explairrlj In th t1[wKl ¢ wlll comlnue In fin1 gtatetDerts comply with th? Compnir5 Ad 2(th. Try are dso regI1b]e for sBfeBu•rthng the of thÈ l¥J wpl Awj trkine fnr Ih Ihso far•s thtroAees4reaware: O thetruyws ha Jll L4th Ilw W lo h•ve taken to make IlvDselves •wwe of le¥aDt ttlit in[Nma1 •M1 ioe5tabliJh th# the•)Jii5 ore owyreolthai inrornilt. AUDITOR Goldw¥n5 Lnnid P*ve br rt4YPDinttyJ as wditOF5 in T4)[ T1 an ekdive resolutic rn Wldcr $tion 487 of the CJJmF•nies Act 2. SLLCOMpANy PROVISIOPIS This r¢port h&8 b¢¢n FY¢pNrtyJ in a¢¢orkn with provi5ion5 fw small comrAEi65 hder 15 octhe (L¥npJCS Acl 2(.

We have audited the financial statements of The Sidings Community Centre for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and the related notes. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 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:

3 and
of its income and expenditure for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements bilities 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.

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 the charity's ability to continue as a going 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 directors with respect to going concern are described in the relevant sections of this report.

The trustees are responsible for the other information. The other information comprises the information opinion on the 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.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in 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 there is a material misstatement in the financial statements or a material misstatement of the other information. 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.

We have nothing to report in this regard.

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

year for which the financial statements are prepared is consistent with the financial statements; and
applicable legal requirements.

In the light of the knowledge and understanding of the Charity and its environment obtained in the course

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or

we have not received all the information and explanations we require for our audit.

As explained more directors of the 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 they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

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 Charity or to cease operations, or have no realistic alternative but to do so.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are 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 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 non-compliance 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.

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:

We enquired of management, which included obtaining and reviewing supporting documentation, concerning the charity's policies and procedures relating to:

Detecting, evaluating, and complying with laws and regulations and whether they were aware of any instances of non-compliance;
Detecting of the risks of fraud and responding whether they have knowledge of any actual or suspected fraud;
The internal controls in place to mitigate risks related to fraud or non-compliance with laws and regulations.
We obtained an understanding of the legal and regulatory framework that the charity operates in, focusing on those laws and regulations that had a material effect on the financial statements or that had a fundamental effect on the operations of the charity from our professional and sector experience.
We performed analytical procedures to detect any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud.

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. 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 for the audit of the financial statements is located on the

3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone or for the opinions we have formed.

30 January 2024



The Sidings Community Centre (Company Limited By Guarantee) ststement of Financial Activities Ilncorpgrating The Income And Expenditure Account) Year ended 31 March 2023 Unrestrlcted Restrlcted Funds Funds 2023 2023 Total Funds Total Funds 2023 2022 Income from: Donation5 Charitable activitie5 Investment income Other trading activities 35,741 30,889 191 6,100 35,741 395,594 191 6,100 26,734 366,634 364,705 5,631 Total Income 72,921 364,705 437.626 399,002 Expenditure on.. Charitable activities 115,128 355,437 470,565 428,206 Total expenditurè 115,128 355,437 470,565 428.206 Net lexpendlturelllncome for the year 142,2071 9,268 132,9391 129,2041 Transfer between funds Net movements in funds 142,2071 9,268 132.9391 129,2041 Rèconciliation of funds.. Total funds brought forward 64,213 36,058 100,271 129,475 Total fund5 carried forward 14 100 271 All ol the above results are derived Irorn continuing activities. There were no other recogni5ed gain5 or105ses other than those stated above. The attached note5 forrn part of these financial statements. 14

It 11 Mirth1013 10 la22 2J88 30234 YSI24 Cash at nkInl hDnd L26.Q58 2È.175 fjs 97J IL¥J371 IM.?7I Autrktedfuftds lJnrestrttedfrJnds 4SJ26 36.058 64J TQTALFVNtyS 67032 JQQ,271 cornpanlÈsunder Partls DfthCQrnty11sE 2rn6. Thelkn•nck415t•tenien¥s¥Rre •PWU•Yd tytrrrffersof thecomrnltteeon d On t11 '. ol Trco5urBr rnyfty bEktrxtlMEdhirnknr )l?AWI 15

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year Ended 31 March 2023

1 Accounting policies

a) 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 - effective 1 January 2015) - (Charities SORP FRS 102) and the Companies Act 2006.

The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

b) Going concern

The trustees are aware that the company generated a loss of £32,939 during the year in review. In order to be sure that there are no material uncertainties about the charitable company's ability to continue as a going concern continuing assessments of the company's trading and cash flow will be carried out by management and reported to the trustees on a regular basis. The trustees consider that this control will be sufficient to ensure that there are no sources of 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) 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 grants or 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. Income received in advance for the provision of specified service is deferred until the criteria for income recognition are met.

d) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the annual report for more information about their contribution.

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.

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.

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year Ended 31 March 2023

1 Accounting policies

f) Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the work or for specific projects being undertaken by the charity.

g) 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:

Costs of raising funds comprise of trading costs and the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.
Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs.

Other expenditure represents those items not falling into any other heading.

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

h) Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the charity and its and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Tangible fixed assets

All fixed assets are initially recorded at cost. Items costing less than £1,000 each are not capitalised, but written off as expense. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Fixtures, fittings & equipment - 15% reducing balance

k) Debtors

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

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year Ended 31 March 2023

1 Accounting policies

l) Cash at bank and in hand

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.

m) 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.

n) 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.

o) Pensions

Please refer to trustees report for pensions' policy.

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

2 Detailed comparatives for the statement of financial activities Income from: Donations Charitable activities Investment income Other trading activities Total income Expenditure on: Charitable activities Total expenditure Net income / (expenditure) for the year Transfer between funds Net movements in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds Total Funds 2022 2022 2022 £ £ £ 26,734 - 26,734 23,592 343,042 366,634 3 - 3 5,631 - 5,631
	55,960 343,042 399,002
	55,870 372,336 428,206
	55,870 372,336 428,206
	90 (29,294) (29,204) 4,356 (4,356) -
	90 (29,294) (29,204) 59,767 69,708 129,475
	59,857 40,414 100,271

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

3 Income from charitable activities

Income from charitable activities
	Unrestricted	Restricted		Unrestricted	Restricted
	Funds	Funds	Total Funds	Funds	Funds	Total Funds
	2023	2023	2023	2022	2022	2022
	£	£	£	£	£	£
Early years, Childcare & Parent support	23,598	-	23,598	12,872	-	12,872
General centre activities	219	-	219	999	-	999
Hampstead Wells & Campden Trust	-	16,073	16,073	-	10,000	10,000
LB Camden - Early Years - Special needs support	-	7,832	7,832	-	11,061	11,061
LB Camden- VAC Health grant	-	13,736	13,736	-	-	-
LB Camden - Cost-of-Living Warm Hub Grant (WH)	-	8,357	8,357	-	-	-
Young Camden Foundation	-	11,960	11,960	-	13,331	13,331
LB Camden - ACL	-	-	-	-	8,613	8,613
LB Camden- Early Years (2 Yrs & 3/4 Yrs funding)	-	128,497	128,497	-	140,590	140,590
LB Camden - CIL Grant	-	15,000	15,000	-	10,000	10,000
Pears Foundation	-	1,000	1,000	-	-	-
LB Camden Universal Youth Services	-	29,979	29,979	-	29,978	29,978
LB Camden Strategic Partner Funding	-	90,000	90,000	-	90,000	90,000
LB Camden Impact and Resilience grant	-	15,000	15,000	-	-	-
Mayor for London funding	-		-	-	1,600	1,600
John Lyon	-	4,000	4,000	-	-	-
LB Camden Community Food Hub Grants	-	7,500	7,500	-	13,143	13,143
Play/OSP Summer	450	-	450	1,149	-	1,149
Youth Club	240	-	240	-	-	-
Youth Hols	982	1,648	2,630	-	-	-
Business support grants	-	-	-	-	12,000	12,000
Out of school project fees	5,400	-	5,400	8,572	-	8,572
London youth- Basketball project (sports)	-	1,000	1,000	-	1,250	1,250
City Leaders' project	-	2,765	2,765	-	-	-
Camden Giving	-	7,738	7,738	-	-	-
Jack Petchey Foundation	-	1,620	1,620	-	-	-
Neighbourly/M&S grants	-	1,000	1,000	-	-	-
Small Grants: London Sports (Youth)	-	-	-	-	1,476	1,476
	30,889	364,705	395,594	23,592	343,042	366,634

Income from investments
	Unrestricted	Restricted		Unrestricted	Restricted
	Funds	Funds	Total Funds	Funds	Funds	Total Funds
	2023	2023	2023	2022	2022	2022
	£	£	£	£	£	£
Bank interest receivable	191	-	191	3	-	3

5 Income from other trading activities

Income from other trading activities
Room Lettings Other centre activities	Unrestricted Funds Restricted Funds Total Funds Unrestricted Funds Restricted Funds Total Funds 2023 2023 2023 2022 2022 2022 £ £ £ £ £ £ 4,537 - 4,537 2,465 - 2,465 1,563 - 1,563 3,166 - 3,166
	6,100 - 6,100 5,631 - 5,631

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

6 Analysis of expenditure

Advertising and publicity Audit fee Bank charges Caretaker and cleaning Depreciation Direct charitable activites Legal & Professional Fees Light and heat Office expenses Rent & Business Rates Repairs & maintenance Security & insurance Staff costs Telephone Water rates Sundry Support costs Governance costs Total expenditure 2023 Total expenditure 2022	Charitable activities Support costs Governance costs Total 2023 Total 2022 £ £ £ £ £ 1,012 - - 1,012 568 - - 4,950 4,950 4,300 - 817 - 817 760 - 10,514 - 10,514 11,266 - 358 - 358 421 55,719 - - 55,719 57,590 - 15,143 - 15,143 15,209 - 23,100 - 23,100 9,579 - 4,344 - 4,344 3,252 - 34,094 - 34,094 28,319 - 3,207 - 3,207 662 - 6,512 - 6,512 6,096 306,550 - - 306,550 286,426 - 1,927 - 1,927 1,579 - 541 - 541 924 - 1,777 - 1,777 1,255
	363,281 102,334 4,950 470,565 428,206 102,334 (102,334) - - 4,950 - (4,950) - 470,565 - - 470,565 428,206 - - 428,206

Advertising and publicity
Audit fee
Bank charges
Caretaker and cleaning
Depreciation
Direct charitable activites
Legal & Professional Fees
Light and heat
Office expenses
Rent & Business Rates
Repairs & maintenance
Security & insurance
Staff costs
Telephone
Water rates
Sundry
Support costs
Governance costs
Total expenditure 2023
Total expenditure 2022

Charitable
activities
Support
costs
Governance
costs Total 2023 Total 2022
£
£
£
£
£
1,012
-
-
1,012
568
-
-
4,950
4,950
4,300
-
817
-
817
760
-
10,514
-
10,514
11,266
-
358
-
358
421
55,719
-
-
55,719
57,590
-
15,143
-
15,143
15,209
-
23,100
-
23,100
9,579
-
4,344
-
4,344
3,252
-
34,094
-
34,094
28,319
-
3,207
-
3,207
662
-
6,512
-
6,512
6,096
306,550
-
-
306,550
286,426
-
1,927
-
1,927
1,579
-
541
-
541
924
-
1,777
-
1,777
1,255

363,281
102,334
4,950
470,565
428,206
102,334
(102,334)
-
-
4,950
-
(4,950)
-
470,565
-
-
470,565
428,206
-
-
428,206

Of the total expenditure, £355,437 (2022: £372,336) was restricted and £115,128 (2022: £48,117) was unrestricted.

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

6a Analysis of expenditure(prior year)

Advertising and publicity Audit fee Bank charges Caretaker and cleaning Depreciation Direct charitable activites Legal & Professional Fees Light and heat Office expenses Rent & Business Rates Repairs & maintenance Security & insurance Staff costs Telephone Water rates Sundry Support costs Governance costs Total expenditure 2022	Charitable activities Support costs Governance costs Total 2022 Total 2021 £ £ £ £ £ 568 - - 568 216 - - 4,300 4,300 4,300 - 760 - 760 660 - 11,266 - 11,266 12,743 - 421 - 421 496 57,590 - - 57,590 24,749 - 15,209 - 15,209 9,624 - 9,579 - 9,579 7,042 - 3,252 - 3,252 3,905 - 28,319 - 28,319 17,200 - 662 - 662 149 - 6,096 - 6,096 5,145 286,426 - - 286,426 277,157 - 1,579 - 1,579 1,876 - 924 - 924 1,696 - 1,255 - 1,255 3,021
	344,584 79,322 4,300 428,206 369,979 79,322 (79,322) - - 4,300 - (4,300) - 428,206 - - 428,206

Charitable
activities
Support
costs
Governance
costs Total 2022 Total 2021
£
£
£
£
£
568
-
-
568
216
-
-
4,300
4,300
4,300
-
760
-
760
660
-
11,266
-
11,266
12,743
-
421
-
421
496
57,590
-
-
57,590
24,749
-
15,209
-
15,209
9,624
-
9,579
-
9,579
7,042
-
3,252
-
3,252
3,905
-
28,319
-
28,319
17,200
-
662
-
662
149
-
6,096
-
6,096
5,145
286,426
-
-
286,426
277,157
-
1,579
-
1,579
1,876
-
924
-
924
1,696
-
1,255
-
1,255
3,021

344,584
79,322
4,300
428,206
369,979
79,322
(79,322)
-
-
4,300
-
(4,300)
-
428,206
-
-
428,206

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

7 Net Income/ (Expenditure) for the year

This is stated after charging:

Depreciation	2023 2022 £ £ 358 421 3875 3583

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Total staff costs were as follows:

Wages and salaries Social security costs Employer`s pension contributions	2023 2022 £ £ 281,528 269,757 20,980 13,424 4,042 3,245
	306,550 286,426

Particulars of employees:

The average number of employees (head count based on number of staff employed) during the year was as 21 (2022: 18).

The total employee benefits including pension contributions and Employer`s National insurance of the key management personnel were £40,800 (2022: £39,032).

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2022: £nil) neither were they reimbursed expenses during the year (2022: £nil). No charity trustee received payment for professional or other services supplied to the charity (2022: £nil).

9 TAXATION

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

10 TANGIBLE FIXED ASSETS

COST At the start of the year Additions 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 DEBTORS Other debtors	Fixtures, fittings & equipment Total £ £ 23,918 23,918 - -
	23,918 23,918
	21,530 21,530 358 358
	21,888 21,888

	2,030 2,030

	2,388 2,388
	2023 2022 £ £ 25,609 30,234
	25,609 30,234

11 DEBTORS

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

12 CREDITORS: Amounts falling due within one year

CREDITORS: Amounts falling due within one year
Accruals Other Creditors	2023 2022 £ £ 4,650 4,000 15,942 24,175
	20,592 28,175

13 ANALYSIS OF NET ASSETS BETWEEN FUNDS Year Ended 31 March 2023 Tangible fixed assets Net current assets Net assets at the end of the year Year Ended 31 March 2022 Tangible fixed assets Net current assets Net assets at the end of the year	General unrestricted funds Designated funds Restricted funds Total funds £ £ £ £ 2,030 - - 2,030 19,976 - 45,326 65,302
	22,006 - 45,326 67,332
	General unrestricted funds Designated funds Restricted funds Total funds £ £ £ £ 2,388 - - 2,388 95,475 - 2,408 97,883
	97,863 - 2,408 100,271

14	FUNDS (CONTINUED)
	Year Ended 31 March 2023

Hampstead Wells & Campden Trust LB Camden - Early Years - Special needs support LB Camden - S106 Capital Works Grant LB Camden- VAC Health grant LB Camden - Cost-of-Living Warm Hub Grant (WH) LB Camden Youth Safety Grant LB Camden grant for WHC Food hub Small Grants: London Sports (Youth) Mayor for London Fund (change of title) LB Camden Strategic Partner Funding LB Camden Impact and Resilience grant LB Camden - CIL Grant LB Camden - Universal Youth Services Annual Grant LB Camden-Early Years (2 Yr/3& yrs old Free Places & NEF) Young Camden Foundation London Youth Grants The Neighbourly Youth Fund Young Camden Foundation London Youth (Sports) Jack Petchey Foundation John Lyon Camden Giving We Make Camden small grant Pears Foundation General Funds Total Unrestricted Funds Total Funds	At the start of the year Incoming resources Outgoing resources Transfer between funds At the end of the year £ £ £ £ £ - 16,073 (8,073) - 8,000 - 7,832 (7,832) - - 20,771 - (4,713) - 16,058 - 13,736 (6,740) - 6,996 - 8,357 (4,259) - 4,098 8,973 - (3,963) - 5,010 - 7,500 (7,500) - - 2,214 - (1,534) - 680 1,600 - (1,600) - - - 90,000 (90,000) - - - 15,000 (15,000) - - 15,000 (15,000) - - - 29,979 (29,979) - - - 128,497 (128,497) - - - 11,960 (11,960) - - - 2,765 (2,765) - - - 1,000 (1,000) - - - 1,648 (1,648) - - 2,500 1,000 (1,588) - 1,912 - 1,620 (1,020) - 600 - 4,000 (4,000) - - - 6,538 (6,538) - - 1,200 (228) - 972 - 1,000 - - 1,000
	36,058 364,705 (355,437) - 45,326
	4,356 - - 4,356 1,000 - - - 1,000 58,857 72,921 (115,128) - 16,650
	64,213 72,921 (115,128) - 22,006

	100,271 437,626 (470,565) - 67,332

The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2023

14 FUNDS (CONTINUED)

Year Ended 31 March 2022

Hampstead Wells & Campden Trust LB Camden - Early Years - Special needs support LB Camden - S106 Capital Works Grant LB Camden Youth Safety Grant BBC- Children In Need LB Camden grant for WHC Food hub LB Camden- ACL (UK Online) LB Camden- IYSS ( Youth Small Grants) Small Grants: London Sports (Youth) Mayor for London Fund (change of title) LB Camden Strategic Partner Funding LB Camden - Universal Youth Services Annual Grant LB Camden-Early Years (2 Yr/3& yrs old Free Places & NEF) Young Camden Foundation LB Camden CIL Grant for WH Community Food hub Rates Support Grant - COVID recovery London Youth (Sports) General Funds Total Unrestricted Funds Total Funds	At the start of the year Incoming resources Outgoing resources Transfer between funds At the end of the year £ £ £ £ £ 2,000 10,000 (12,000) - - - 11,061 (11,061) - - 26,771 - (6,000) - 20,771 10,000 - (1,027) - 8,973 11,660 - (11,660) - - - 13,143 (13,143) - - - 8,613 (8,613) - - 5,356 - (1,000) (4,356) - 738 1,476 - - 2,214 - 1,600 - - 1,600 - 90,000 (90,000) - - 3,798 29,978 (33,776) - - 8,135 140,590 (148,725) - - - 13,331 (13,331) - - - 10,000 (10,000) - - - 12,000 (12,000) - - 1,250 1,250 - - 2,500
	69,708 343,042 (372,336) (4,356) 36,058
	- - - 4,356 4,356 1,000 - - - 1,000 58,767 55,960 (55,870) - 58,857
	59,767 55,960 (55,870) 4,356 64,213

	129,475 399,002 (428,206) - 100,271

15 RELATED PARTY TRANSACTIONS

Sidings Community Centre is a member of the a charity registered in England &Wales. (Reg. Charity No 1100716). There are no related party transactions to disclose for 2023 (2022: none).

16 LEGAL STATUS OF THE CHARITY

The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.