COMPANY RF.GISTRATION NO". 02139909 IF.NGLANT) AND WALF.SI THE SIDINGS COMMUNITY CENTRE COMPANY LIiVIITED BY GUARANTEE 02139909 FINANCIAL STATEMENTS 31 MARCH 2025 Registered Charity Nllmber 297095 Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road Wesl I lanipstead London NW6 2EG THE SIDINGS COMMUNITY CENTRE COMPANY LI￿11TF.￿ IIY GUARANTF.F. 2139909 RFG CHARITV 297095 TRUSTEES ANNUAL REPORT YEAR ENDED 31 MARCH 2025 Thc tiustces, who ¢ire also directors for the purposes of coinpany Idw, havc plca5ur¢ in prcsenting Ihcir report and the audited financial qtaiements of the charity for tbe year ended 31 March 2025. REFERENCE AND ADMINIST114TIVE DETAILS Registered charity name The Siding Community Centre Charity registration number 297095 Company registration number 2139909 Registered office 150 Brassey Road Kilburn London NW6 2BA THE TRUSTEES The trustees who served the Charity during the period were as follows.. Lorna Russell Lynda Stuart Rahini Magee-Englefield Alex Magnay Aiinmarie Uhl Caiheriiie Attlee resigned 22108124 resi ned 11112125 re-e ected 11112125 re-elected 11112125 re-elected 11112125 re-elected 11112125 Secretary Sue Measures Bankers National Westminster Bank PIC 127 Kilburn High Road London NW6 4HU Auditor Goldwins Statutory Auditor & Chartcrcd Accountants 75 Maygrove Road West HaTmPStead London NW6 2EG THE SIDINGS COMMUNITY CENTRE COMPANY LI￿11TF.￿ IIY GUARANTF.F. 2139909 RFG CHARITY 297095 TRUSTEES ANNUAL REPORT. YEAR ENDED 31 MARCH 2025 GOVERNANCE AND MANAGEMELYT During thc financial ycar 24125, Trustccs and staff continucd thcir focus on ￿'orkIng towards thc main priority goals within thc Stratcgic Plan, rcflccting our mission statcmcnt of'working with our community to conncct ai)d thrivc" Kcy stratcgic goals includcd- > Improving sustainability by strcngthcning risk managcmcnt, incrcasing our rcscrvcs, continuing lo build unrcstriclcd rcvenue potcntial > Continuing to dcvclop kcy priority scrviccs. particularly for childrcn and young pcoplc > Strcngthcning and expanding our partnership working to incrcase community engagement & connection > Improving centre premises and external areas Some of these goals would build on existirLg core strengths and include working with established or new partners to achieve the above Strategic Plan goals. Key actions during the year covered by this report should reflect these goals and assess key milestones achieved. Improving Sustainability.. Integral to our sustainability was the successful outCOiT)e of our Camd¢n's VCS "Community Partners" graiit of £85,000 awarded annually over a 7-year period from 2024125 through to March 2031. This underpinned the c¢ntr¢'s abiliiy to meet essential cor¢ costs and staffing. However, when factoring in th¢ annual rent to Camden of £31,700, the centre faced additional challenges in setting a budget which had to reflect realistic and achievable income levels (both restricted and unrestricted) which also demonstrated an increase in (unrestricted) reserves which have declined over the last 2 years. Trustees therefore have coinmitted to actively strengtheiiing risk imanagement and building financial resilience as a key priority. This included exploring options for remod¢lling our ¢urreni operaiional stru¢ture to create a inore agile and sustainable infrastructure to move fonvard with. The centre ivas fortunate in being aTh'arded an Impact & Resilience grant of £20,000 from the London Borough of Camden's VCS Community Partners Team, to help contribute towards this process. However. mid-way through th¢ year, th¢ process of r¢modelling was dramatically accelerat¢d by a sudden sharp decline in anticipated income within our nursery, dropping from £168,730 in 23124 down to £126.9I1 duriiig 24125. This was due to unprecedented and unexpectedly low take up of childcare places al Ilie start of the school lemi in Sepleinber - partly reflecling Ilie lower birth rate, changes to national fundiiig, both exacerbared by temporary local factors. Tliis sudden downturn thrust Trustees into actively cont Establishing an annual fundraising Park Run (or walk!)- 'Sprint (or Stride) for Sidings" > Dcvcloping a slrongcr rcsponsc to Corporatc Social Rcsponsibility opportunitics & local dono Rentals: rebuilding lost rentals in the wake of COVID has been a key priority to restore to a minimum of pre-pandemic levels and above. Happily, regular rentals are now increasing (with accompanying growth of iiser groups}, which in 24125 included rental from the temporary relocation of West Hampstead Library to Sidings during their refurbishtnent works from Decetnber 24 to March 25. As part of the remodelling process, the centre also employed a part-time finance worker to transfer our current ¢xcel-ba8¢d accounts syst¢m to QuickBooks to better support the centre manager, staff team and Trustees in fuiidraising and to enhance budget inonitoring and reporting in future. However, whilst the overriding challenge to reduce risk and increase reserves remained a key focus, the centre also had n)any positive aChI¢￿ementS during 24125 ivhich also contributed towards revenue raising and other key goals in our Strategic Plan. Significant ones have included: Final subinission of all documentatioii, plans and the fulfilment of legal requirements lo enable Camden to release the fuiiding of £235,000 worth of S106 related funding for capital iinprovements.. This will result in a refurbishmciit and refrebh of thc prcmibes to eiihanLe the cnvironinent for staff, partiicrs and users- niaking thc buildin¥ more attractive to rent and use Working with Camden's Parks & Green Spaces team to create a new cominunity garden at the front of the cenire, transforming a disuqed mud patch on the edge of our qmall car park inio a beautifi]I green garden, with planters fi]11 of herbs and flowers attracting biodiversity and enhancing the entrance area to the centre at the top ot Maygrove Peace Park. This has also attracted volunteers to help maintain the garden and get involved in food growing opportLLnities. Coniniunily Engagement aiid Coniiection.. in January 25, the cenrre was particularly pleased to host one of Camden's Coinmunily Conversations oli Cliinale Change Action. eiicouragiiig local people to havc a voicc in influencing the borough's actions to respond to this important ISSUC. Soinc of the participants were invited to a subsequent conference to help finalise the Strategy for the next 5 years. Open House Event - Oct 24.. the centre itself was pleased to re-start (post COVID) an annual community festival type ot'event at our Open House event in October 2024. This was supported by a fantastic group of volunteers to offer food, music. dance. arts & crafts plus fundraising stalls, which brought in some 20(kk local residents to celebrate being part of our community. Our end of year AGM in December 24 was also a celebration of our achievements in the presence of the Mayor of Camden, particularly focusing on our actiiilies for young people aged 11-18 years, aiid our support services offered though the West Hampstead Community Food Hub. The centre had been successful in retaining a stable core group of trustees. The Board met more frequently lo keep a t1￿1 focus on budget perfomiance and setting a specific action plan for fundraising. Trustees also recognise the value of accessing external support for training and resources for Iheinselves and the staff team. The centre continues to be a member of NCVO (National Council for Voluntary Organisations) to access their wealth of training and governance tools. Key Service areas such as our Nursery are meinbers of the Early Years Alliance. and get additional support froin Camden's Early Years Curricula AdviLC and LnLlusion teams to help support young childrcn, cspecidlly thosc with SPCLial nceds. Our Youth Service is a meinbei of London Youth, whieh offer5 Iraining and funding opportunities. and has an aclivc rcldlionship with thc Jack Pctchcy Foundation which givcs out small ¥rants to encourage and reward social action amongst young people. (awarded £1,900 in 24125) THE SJDINGS COMMUNITY CENTRE COMPANY LlTr+qlTED BY GUA114NTEE 2139909 REC CHARITY 297095 TRUSTEES ANNUAL REPORT.YEAR ENDED 31 MARCH 2025 (continued) ORGALYISATIONAL STRUCTURE Trustees are (re)elccted at thc AGM, or co-opted during the year, in accordance with the Memorandum and Articlcs of Association. Trustccs mcct rcgularly during thc ycar, attcnd on-sitc planning workshops, and are encouraged to access online training opportunities or attend online forums to ensure the centre fulfils its Icgal rcquircmcnts as a Charity and Company Ltd by Guarantcc. Thc charity 15 0[g￿lSed so that th¢ Tru5tce51Dircctors n]cct regularly lo managc its affair5 and arc Sent e- bulletins on key updates bctwecn meclings. Thcrc is one full timc chicf cxccutivc Ms S Mcasurcs (thc Centre Manager), who manageq the day-to-day administration of the ¢harity and qtaff team, ensures the Trustees are fully infom)ed of key changes in legislation and good pra¢li¢e, and advises on policy, finan¢e and strategic direction. The remaining staff are employed to co-ordinate and deliver key service areas and projects, or have specific administration or premises-related responsibilities. ACTIVITIES in 24125: The range of services during 2415 included.. nursery for 2-4 yr olds, a HAF summer scheme for children agcd 5-1 l yrs, tcrni-timc bi-weekly youth club for youn¥ pcoplc 11-18 ￿5 with holiday activities aiid special projects, adult education programme iiicluding Digital skills & ESOL, iiicludiiig accredited courses. We offered a raiige of fitiiess, creative aiid well-beiiig activities for adults iiicluding the addition of a popular arts Class, activities specifically for older people, a community food bank, wann space lunchtime café, advice surgeries, and off-site sports for children at the local West Hampstead Primary School. There are opportunities for volunteeriiig aiid coinmunity engagcment events during the year. The ccntre continucd strong parlncrship work with Camdcn particularly Good Work Camdcn (providing einployability workshops for local residents), the Commuiiity Partners Team, and Adult & Commuiiity Learning. We were pleased to strengthen our partnership with Camden's Park's & Open Spaces team in finalisiiig design of the new cominunily garden, offering new food growing opportunities and a tranquil green space for green orientated activities in future. We continued to proN'ide a base for Camden's mobile Health Buses, as well as a space for local groups such as West Hampstead School of Dance & Kilburn State of Mind's choir, 3 local TRA'5. and inonthly local councillor surgcrics. Wc also work with Caindcn's participation ledin. increasill¥ Cngagcinent and consultation with th¢ local coinmullity and in January 25 were particularly pleased to liost a Coinmiiiiity Coni'ersation on Climate Change, encouraging local residents to lend their voice to help influenc¢ and shape Camden's updated Climate Action Strategy. Some of those present were then invited to a further conference to help finalise this in April 25. AIMS AND 0￿EcTIVES. Conslitutioiially, the cenlre's overarching aiin is to'improve the quality of life for local residents" Whilst the centre has developed, grown and adapted a wide range of qervices and activiti¢s over the past 42 years, there is always a strong element of social value and cotllmunity engagement to achieve this aim. Following our Strategic Review, our more updated vision and mission is to '%vork with the local community lo connect and thrive" This is particularly more so followiiig the substantial redevelopment in the local area, ensuring the existing and n¢w community connects and that those people who need extra support due to the cost-of-living challenges are supported within an ethos of equality and inclusion. The centre strives to deliver good quality accessible services, which aims to reflect diversity within ihe community at all levels, including within our Trustees, staff team, users and partner8. We aim to address economic disadvantage by ensuring as many services are delivered free or at an atyordable rate to ensure everyone can aecess and benefit from our activities on offer. This guiding principle Lan be demonstrated through the free places and affordable fees in our Ofsted Registered early years, nursery, or supporting those who are at risk from food poverty with the provision of food parcels and household goods at our weekend Food Hub. Our ESOL classes enable those whose first language is not English to gain sufficient skills which can help with gaining a job, accessing Se￿,ices, or feeling more connected within their community. The Good Work Camden employability workshops suppott people lo gain emplowenl. Our digital inclusion programme enables people to gain essential digital skills, which is increasingly essential in today's world. This helps adults, particularly older people, to keep in touch with family and THE SIDINGS COMMUNITY CENTRE COMPANY LI￿11TF.￿ IIY GUARANTF.F. 21.3991J9 RFG CHARITY 297095 TRUSTEES ANNUAL REPORT _ YEAR ENDED 31 MARCH 2025 {continued) friends, access online services, take up re-training, grow digital skills for volunteering or creative purposes, and generally feel more'connected" Our youth members are encouraged to participate in social action proje¢ts to build confidence and leadership skills, and develop positi￿e mental health as they grow into adulthood. We aim to ensure our childrcn'5 and youth scrviccs arc dclivcrcd within an cthos of inclusion, offcr 5UPPOrt to thosc wlio have identified or emerging special needs. Our suinmer HAF scheme, allended by over 40 children, ensured that local children aged 5 - 1 l years were offered a lively progrnmme of creative and 8POrts activitics as wcll as hcalthy 2 coursc lunch to cnsurc all childrcn locally had acccss to food during thc longer school summer holiday. However, we are aware we can always do more and that this iq a principle which we Continually qtrive lo improve resilience, bring the community together, and increase representation particularly of communities who expcrience disproportionality. This was demon5tralcd in our partnership application to Camden's Community Re.qponselCosl-of-Living fund, lo provide forlnighily Advice Sessions in partnership with Citiz¢n'8 Advice Camden and continue our Wann Space café, offering fre¢ nutritious lunches with soup and fresh sandwiches during 2415. PARTNERSHIPS & COLLABOILITION: Sidings thrives on Inany valuable partnerships. Our Early Years Nursery receives ongoing support and links with C.ainden's Early Years Advisory and Inclusion Teams, who provide advice iii curricula development and support for young children with special needs. We are active members of Camden's North Area Youth Partnership as well as Young Camden Foundation which enables us to access funding and traii)ing opportunities to further develop our work with children and young people aged 5 - 18 years. As the yearprogressed, our Youth Club developed stronger relalionships with non-camden based partners such as London Youth and Jack Petchey Foundation to pron]ote sports and social action projects for our youth mcmbers ( I1-18's). We also received a donation from Dutch & Dutch Estate agents (£500) towards Xmas holidays activities, and also a small graiii froin Laiidsec (£2,000). Camden has a vibrant voluntary and community sector and Sidings is a founder member of C4 (Camden Cominunity Ceiitre's Consortium) which provides a collective i'oiLe for Loininunity centres in Camden. As well as being a peer support forum from other centres, C4 links up with other major VCS infrastructural support agencies such as Voluntary Action Camden, Volunteer Centre Camden, and Young Camden Foundation to create a platforni for discussion and strategic decision-making for the VCS at a borough-wide level. Camden's Community Partners Team continues lo offer invaluable support to Sidings as one of their recognised coinmunily panners. However, it is equally important to develop local networks and encourage wider engagement with residents, eoinmunily groups, schools, faith groups and local businesses. This is Inost strongly demonstrated through the wonderful work of our Food Hub (West Hainpstead Community Food Hub) which has been based at Sidings since August 2020. The Food Hub ¢ontinues to be underpinned by an amazing group of Voluntee￿ Thho between them help collect. sort and provide 120-130 food parcels eTrery week lo those who need support with food and other household goo(ts. As the Cost-of-Living has continued to impact on those with low income, there has been increasing support from a vari¢ty of local businesses such as Paramount Estate Agents, local faith groups, and surplus food providers such as the Felix Project and City Flarve5t. Most importantly, the Ilub Lontinues to attract a wide spectrum of volunteers from within the community, which is intergenerational and from a variety of sectors, enabling local people to come together to contribute to the well-being of their community. It is also used by som¢ younger people for their Duke of Edinburgh awards programme. PROIIqOTILNG ORGALNISATIOLNAL QUALITY AIYD WELL-BEILYG: As well as ensuring good governance, the Centre is committed to maintaining a high standard of organisational well-being for our Tr'alued staff team. We have a continued contract with Peninsula HR services lo provide essential & qualified HR advice, offering an Employee Assist Scheme for our staff team to access external support and well-being advice if needed. We are also a London Living Wage employer, ensuring staff are employed at recognised minimum pay rate upwards THE SIDINGS COMMUNITY CENTRE C()MPANY LI￿[ITF.￿ BY GU.4RANTF.F. 2139Y119 RF.Cy CHARITY 297095 TRUSTEES ANNUAL REPORT. YEAR ENDED 31 MARCH 2025 (continued) Sidings Community Centre offers a pension scheme that complies with automatic enrolment legislation. The penqion scheme we offer is through 'The Creative Pension Trust,, which is regulated by The Pensions Regulator (TPR)- Full details are supplied to all staff as to their eligibility for the pension scheme by personal communication froin the Trust at the appropriate time. PUBLIC BENEFIT Wc havc rcfcrrcd to thc guidancc containcd in thc Charity Comtnissions gcncral guidancc on public benefit when reviewing our aims and objectives and in planning our future services. The accounts and summary rcports of thc ycar's actLVltics, and various consultation cxcrciscs rcflcct that our scrviccs and activitics havc indccd contributcd lo improving thc lifc chanccs and quality of lifc for pcoplc living within the wider neighbourhood. This includes raising funds to cnable 5crvices lo remain accessible and affordable lo all (some are flee), securin¥ the centre as a hub for the community ds a place lo Come logeiher, socialise, participate in aclivilies, be consulted about local mallers, and have a sense of achievement, enjoyment, connection and commuiiily contribution. RISK MANAGEMENT Trustees have a commitment to identifying and addressing risk whilst maintaining key services and funding. This includes close monitoring of the overall centre and cost-centrelprojects budgets and financial perfomiaiicc to cn5urcs that planiied action is lakeii to rcstore and/or maintain rcscrvcs to acceptable levels, if these fall below the required minimuin. The centre aiins to have a ininimum of 25 % or 3 months, worth of financial committnents in the bank at all times - with an ultimate aim of building up reserves ￿,hereVer possible. Within this, the Centre always has careful regard for continuation of funding linked to continuutll of service and overall funding to ensure the cei)tre is a "going concern" FINANCIAL REVIEW 2024125: The Statement of Financial Activities shows income for the year of £468,252 (231234.. £458,296) and total expenditure of £463,319 (23124.. £500,225 1. Taking iiito account all accrued balances, thc total reserves at the end of the MdfLh 2025 were £30,336 {23124= £25,403). Of the tutal expcnditurc, £398,724 (2024: £405,302) was restricted and £64,595 (2024: £94,923) was unrestricted. At the end of the year, this shows an increase of income and lowering of spend in comparison to the previous year (2024) as strategies to rebalance and increase reserves started to take effect. RESERVES In response lo the opeiiiiig lo￿, level of reserves of £25,403 at the start of 24125, Trustees recogiiised an urgent need to reverse Ilie downward deficit rrend oli reserves and Inaintain our position as a going Loncern. Happilyy the key issue of seLuring vital annual Lore funding of £85,000 tlirough Camden's 7- year Community Partner funding prograinine brouglii a degree of srability for longer-temi budget setting aiid financial planning to restore an accepted reserves level of 3 montlis fuiiding during 25126 and 26127. Trustecs cominitmcnt to tliis ivas dcmonslraled earlicr in this report by their activc stcps Inid-year to address the unexpected and sudden drop li) early years related fuiiding and risk it posed to the orgaiiisation by rc-modclling thc nursery provision and reducing long-tcrm costs which was already showing recovcry by the end of the fiiiancial ycar. This included working to continue to expand our rcvenue from donations of £33 J86 24125 (23124: £32,258) which would also strengthen our lotial profile to those residents and businesses new to the neighbourhood. Ovcr the coursc of 24125 strategies were dcveloped for significantly increasing our markcting profile and online presence to attract private sector funding and donations. Although the centre has rcduced spending where possible and staffing structurcs have bccn stieamlined as staff have left over the last 12 montl)s, senior staff and Trustees face the ongoing challcnge to carcfully balance lowering costs and risk against the need to maintain sufficient statTing levels ivith appropriate skills. Equally important is ensuring prcmises are clean and well maintained, and that compliance requircmcnts are met lo provide a good quality of service delivery and user expericncc. Thc overall ccntre managcmcnt must demonstrate good organisational practice to satisfy funding. safety and regulatory requirements, which includes staff & user wcll-being. THE SJDINGS COMMUNITY CENTRE COMPANY LIMITED BY GUA114NTEE 2139909 REG CHARJTY 297095 TRUSTEES ANNUAL REPORT. YEAR ENDED 31 MARCH 2025 (continued) Thc cnd of thc ycar saw positivc cfforts to kick-start a morc vigorous Icvcl of fundraising campaigns at a ground level with our"Sprint for Sidings" online campaign raising just over £3,000 in 3 weeks. The centre began the process of registration for HMRC Gift Aid in March 24, which brought our first claim back of £623.97 against small and larger cash donations madc in 24125. This was in addition to ongoing Gift-Aid donation made online through our JustG1￿]ng donations pages. FINANCIAL ACHIEVEMENTS AND PERFORMANCE The centre also acknowledges the benefit in 2024125 from continued annual funding from the London Borough of Camden as detailed below.. Con]tnunity Partncr funding £87,500 LBC- Integrated Youth Support Services £25,000 Despite the serious reduction in reserve levels. encouragingly rentals were now comparing lo pre- COVID Icvels aiid risin¥, and it was good to sec thc centre bciiig uscd by regular weckend groups such as Grace Commuiiion Church, West Ilainpstedd School of Dance, and the retuni of Praise Christi￿7 Centre who were a substantial user group until COVID hit. Including the rentals, our unrestricted trading activities totalled £22,404 (£23,122 in 24) and our cotnbined income from donations, charitable and trading activitie5, plus investment totalled £66,304. Donations rose to £33,386 (£32,258 in 24). Our Youth Co-ordinator Jo Mcmillan was successful in raising £5,000 from John Lyons Charity towards an off-site suinnier scheme for young people aged 11-16 years, £1,482 from Young Canideii Fouiidatioii for activities over Xmas and New Year, and £3,015 towards promoting positive mental health for young people Wc also reccivcd graiits totalliiig £1,900 froin Jack Pctchcy Fouiidation for both Leadcrs and Inembers awards. This included 3 smaller grant awards of £300 each for 3 young people to encourage social action aclivitlcs choscii and dcsiyi¢d by them. This also built Icadcrship and confidcnce skills in the youllg people involved. Our continued partnership with the London Youth provided funding of £2,250. mainly provided for dcvcloping sports and physical activily in young people aged I1- 18 years. Thc centre was pleased io rcsumc offcring a 5urnmer school holiday HAF scheme in July and August, for up to 40 children a¥ed 5- 1 l years, providin¥ a fun filled programme of creative und physical activity as well as tivo course lunchcs cooked by a professional chef. This was fundcd by a grant from Young Camden Foundation of £10,560. Thc centrc continued to dcvelop its role as a support and cngagement hub for the coinmunity. Our Community Food Hub benefitted from a grant of £15,000 (granted at end 23124) from Clarity Fund (Pears Foundation) to providc for csscntial running and staffing costs to bc spent during 24125. This would cnable the Food Hub to lever in funds and expand support from other donors for the Saturday Food Bank, which had a steady stream of i)ew referrals. We were enorn]ously pleased to receive a further grant from Clarity Fund (Pears Foundation) at the end of 24125 of £23,000 to support the Food Hub going forward in 25126. The centre continued our new Wann Hub weekday café throughout 23124 and we were extremely pleased to learn in March 24 that our lead application o Camden's Comtnunity Response Fund of £18,500 was successful although this again would be spent in 24125. This would part fL]nd our Food Hub and Warm Hub Caté, as well as partnership initiatives supporting people who were impacted negatively by the cost- of-living rise and to increase a range of social action in the community to build resilicnce. We were particularly pleased to act in partnership with Think & Do Camden for outreach work at the local Templar House Estate, and also Citizens Advice Camden to offer fortnightly advice sessions to local residents as a result of the cost-of-living crisis. THE SIDINGS COMMUNITY CENTRE CO.MP,tNV LINIITED BY CUATLINTEE 2139909 REG CHARITY 297095 TRUSTEES ANNUAL REPORT.YEAR ENDED 31 MARCH 2025 (continued) Thc ccntrc continucd to dcvclop its rolc as a support and cngagcmcnt hub for thc community. Our Community Food Hub benefilted from a grant of £15,000 from Pears Foundati0￿ClarItY Fund to support infrastructural costs to bc spcnt during 24125. This would mcct onc of Camdcn's kcy n]issions to cnsurc all residents have access to healthy nutritious food. All those accessing the Food Hub will also have the benefit of linking in to the many other activities at Sidings which help increase personal resilience. We would of course end our financial reporting by thanking all funders and donors who supported all our activitics and scrviccs in 24125 who gave both moncy but also goods and/or voluntccrcd thcir timc and skills to help support the centre during this very financially challenging rime. FUTURE PLANS AND PRIORITIES: Our key priorities must bc to.. > Urgently increase the level of reserves Wlth a clear action plan to maximise both restricted and more iimportantly unrestricted revenue, and continue infraslrucrural remodelling to strengthen sustainability Ensuring £235,000 worth of capital improvements to the premises are finally released and works carricd out to iinprove rcvenue poteiitial and create a better ccntrc cnvironincnt for staff and uscrs. > Ensure the creation of the community garden is completed within Ihe agreed design, to bring opportunities for gardcning. developiiig horticultural skills, and greeii initiatives. This will complement the overall appearance of the centre, and be a natural extension of our food focus as providing opportunities for food growing which are likely to attract volunteer engagement. This will complemcllt the celltrc's commitment to SU51aiiiability and cnvironmcntal initialivcs. creating opportunities to connect the expanded community which now surrounds the park. Broaden our fundraising reqources to implemeiit a more continual annual prograinme of fund- raising at all levels, with particular regard to optiini5e opportunitics for onlinc donations. > Increase the centre's profile locally and develop a more dynamic, interactive marketing strategy, building a more continuous relationship with local donors and potential Corporate Social R¢sponsibility partners. Strengthen our iinpacl and evaluation sysleins, developiiig niore effective and consistent systems for data collection to provide up-to-date live profiling aiid reporting to ftu)ders. Internally to enable staff and trustees to assess the cenlre's effectiveness and response to local need, and provide a comprehensive profiling of the centre's oii-site and off-site services usage. THE sID1￿,Gs COIUUNITY CENTRE CoMPL￿LIL￿TEDBy GU.I]LINryKF. 1139909 REf CHARIIY 2971 TRUSTEES ANNUAL REPORT. YEI AR ENDED 31 MARCH 2025 (rontinued) RESPONSIBILITIES Ob I'HE TRUSTEES The trLlStr¢s (￿,hO are also directors ot'liia￿￿ of charityl r(>T thb. puojoses of company laiv) are reSPDIISLble ror i)rcpAI'ing ihc Trustees, R¢pvrt (incorycpr&ti]iq die dii"ectors' tEporf) and the financial *atemenls in a¢Goi'(lance ivith appIl￿b]e laiv aTLd United Kmgdom Accounti￿g Stai)daTds: ineludin& Financial Ropofiingy 8iandard 102 7116 fiipaiicialReporlliJg J"tondord uKipliLdle Fll thg UK o.HdRepublic ofli'olqnd {Ullit¢d Kingdojll Geiittally Accepted Accounting Practice). Comparty I&w LEqiiires the trustees tsi ptparkn financial Statem￿1& for eacli lillancid year whiLh ￿ve a Irllc and fdir view of Ihe state of affai￿ of the clthiitable c(Jmpany [ané fhc groupl and of the illcoine and Ypenditur¢oEllie cliaritsbl¢ IcompanylLryoupl forthat period. ￿] prepariiig thosc fin&llLial ¥tatements, the truste(s arL fLquifLd io: seltct suitable auxiuntin¥' policies and then ipply than con818t￿Lly', obserlpe ihL' niLihodg and principles in the LI￿tieS SORP. make jlldgmenls alld a¢countillts ¢￿IllIate8 thai aTC T(¥¥onable and piudeLIt: U state M.hether arvlicable UK AccounLin8 Sialldar(Is have Eren fOllo￿le{L gubjLYL [() any maierial dLpartUTfS disGlosEd and explaiiied iii tlie financlal Ststements, aftd pryare the finanoial Start￿ellts on thc 8iiillb7 concrxn basis uiiless it is inappropFi&lL to presume tliat t1￿ clillritablL Lornpany will continue in busille5S. Thc trustees are rwollsible for Jnainiaining prop8r accounting yeeords whiLh disclose rvdsoiiable accuracy Any time tP￿ fman¢ial position ofthc clmiilable company and &ittble them Lo Ln¥Ulf that the financial state￿ents c(JTThply ￿ryth the Compallies Aci 2006. ThL'v are also respoLisible toi. sate8UArding rhe a%sLYl% <)f the charitable Conipauy land ihc ￿￿0￿p] and hence lor taking rc88()nabl¢ step5 for the prurniion and detectioll of fraud and other iTh¢gularities. In so fai. as the tru%lLLS are aware.. U ther¢ is no iElevaThL audil infortllan.on of which the chariknbl¢ company's auditois ￿"e UTi&war and the truw¢s liave takcn all steps that they ought to havL iakn lo make tliems¢lves aware of2ny relevant aDlil iiifomi&tion and lo esÉablish tbat tlie auditor¥ are aware of that inforn]ation. '11)e trustees ale nponsible foi the tn&inlenallLe and integrity of the corwTaii and thancial information incliided on the ¢liaril&blL compan) s H'ebsite. Legislaliou ift Ibe United Kiiigdom .q)%ernin4Y the prepEtrnlion aisseminatioii of fiJwnciHI statements inay differ Irom legislalio)J in oilier jurisdieiions. AUDITOR Goldil'ins Limited have bc¢n aPF()inted as audÉtor8 in acbordance witl) ali electivc rcsolution madE unda. section 487 of Ihv Companie5 Act 2006. srdAI,L COIllPANI' PROVISIONS This rwort hlls been pLepaTcd in accoidaiice with th¢ speoial proviqions for s￿￿1[ companies undcr Pait 15 of die Co]llP aiid the charity's members as a body, for our audit ￿'Ork, for this report, or for the opinions we have fom)ed. Anthony Epton (Senior Statutory Auditor) for and on behalf of Cjoldwins Limited Stiitutory Auditor Chartered Aceountants 75 Maygrove Road West Hampstead London NW6 2EG 2810112026 13 The Sidings Community Centre Icompany Limited By Guarantee) Statement of Financial Activities Ilncorporating The Income And Expenditure Account) Year ended 31 March 2025 Unrestricted Restricted Funds Funds Total Funds 2025 Total Funds 2024 2025 2025 Income from: Donations Charitable activities Investment income Other trading activities 33,386 10,410 104 33,386 412.358 104 32,258 402,339 577 401,948 22,404 22,404 23,122 Total income 66,304 401,948 468,252 458,296 Expenditure on: Charitable activities 64,595 398,724 463,319 500,225 Total expenditure 64,595 398,724 463,319 500,225 Net {expenditurel/income for the year 1,709 3,224 4,933 141,9291 Transfer between funds Net movements in funds 1.709 3.224 4.933 141,9291 Reconciliation of funds: Total funds brought forward 4,590 20,813 25,403 67,332 Total funds carried foThvard 14 6,299 24,037 30,336 25,403 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. The attached notes form part of these financial statements. 14 Th? Sidings Community Centre (Company Llmlted 8y fjuayanteel Balance Sheet A5 ¥t 31 Mar¢h 2025 2025 2025 2024 2024 Note FIXED ASSErs Tangible assets IA66 1.725 CURRE￿ A55ETS Debtors Cash at bank and in hand 6,414 4s,ia6 19.163 36,440 51,55CI 55.soa CREDITOR5: Amounts falling due wlthln Dneyear P2fi801 131,9251 NEr aiRRENT ASSErs 28.870 23,678 TOTAL ASSETS LESS CURRENT UABILtnES 30.336 25,403 NET A55Ers 30.336 25,403 FUNOS Restrlct2d fund5 Unrestricted funds 14 14 24.037 6,299 20,813 4,590 TOTAL FUNDS 303a6 25A03 These financial statements have been prepared in accordance wsth the speclal provlsion5 for 5Fnall companies under Part 15 of the Companies Art 2006. These financial statements were approved bythe ￿MberS of the committee On th Sl8ned on their behalf by.. Director}Trustee Company ReB15tr¥lion Number: 2139939 15 **The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2025** ## **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 consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period. ## **c) Income** Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. 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 trustees’ 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. 16 **The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2025** ## **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 charity’s 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. 17 **The Sidings Community Centre (Company Limited By Guarantee) Notes to the Financial Statements Year ended 31 March 2025** ## **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. 18 The Sidings Community Centre Icompany Llmked By Guarantee) Notes to the FlnancSal Statements Year ended 31 March 2025 Unrestricted Restricted Funds Funds Tot31 Funds 2 Detalled comparatlves for the statement of hnat)¢lal actlvltles 2024 2024 2024 Income from.. Donations 32.258 21.550 577 23,122 32,258 402,339 577 23,122 380.789 Investment income Other trading activities Total incorne 77,507 380,789 458.296 Expenditure on.. 94,923 405,302 s￿,225 Total expendi￿re 94,923 405,302 5LK1.225 Net income I lexpenditurel forthe year 117,4161 124,5131 141,9291 Transfer beryveen funds Net movements in funds 117,4161 124,5131 141,9291 Reconciliation of funds.. Total funds brought forward 22,(1)6 45,326 67,332 Total funds carried forward 4,590 20,813 25,403 19 The Sidings Community Centre Icompany Llmked By Guarantee) Notes to the FlnancSal Statements Year ended 31 March 2025 3 Income from charitable actr¥ities Unrestricted Funds 2025 Restricted Funds 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Early years, Childcare & Parent supporr 2,517 1.578 2,517 1,578 8,020 817 8,020 817 24,108 15,927 Hamp5tead We115 & Campden Trust LB Camden- Early Year5 Special needs SUPPOrt LB Camden- Cost-of-Living Warm Hub Grant (WHI Young Camden Foundarion-IHAF & Heads Upl LB Camden- Early Years12 Yrs & 314 Yrs funding) LB Camden- Summer events Pears Foundationlclarity Fund LB Camden Universèl Youth Services LB Camden Community Partner Funding LB Camden Impact and Resilience grant Young Camden Foundation IXm3S 3Ctivitiesl John Lyon Charity Play & Sports Youth Club London Youth Jack Petchey Foundation Sm311 Grants (Yauthl 24.108 15,927 14,835 18,500 14,050 126.931 i.wo 23.￿0 25,￿0 147,500 20.wo 1.482 5.WO 14.81S 18,500 14,050 126,931 i.wo 23.(X)O 25.LX)O 147.500 20,WO 1.482 3,788 3,788 168,730 168,730 15,000 25,000 go,000 30,000 15,0 25,0(N) 90,0 30,OLK) 2,068 5,0 9,945 2,068 5,000 2.565 550 2.565 550 2.750 9,945 2,750 1,900 3,236 3,236 7W 380,789 402,339 3.200 10,410 3.200 412.358 401.948 21,550 4 Income frorn investments Unrestricted Funds 2025 Restricted Funds 2025 Total Unrestricted Restricted Funds Funds Funds 2025 2024 2024 Total Funds 2024 Bank Inte￿$t receivable 104 577 577 S Income from other tradin8 activitie5 Unrestricted Fund5 2025 Restricted Fund5 2025 Total Unrestricted Restricted Fund5 Funds Funds 2025 2024 2024 Total Funds 2024 Room Lettings and other activities 22,404 22,404 23,122 23,122 22,404 22,404 23,122 23,122 20 The Sidings Community Centre (Company Llmlted By Guarantee) Notes to the Financial Statements Year ended 31 March 2025 Analysis of expenditure Charitable activities Support Governance ¢0St5 costs Totsl 2025 Total 2024 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 2,377 2.377 5,600 1,734 7,259 259 34,070 14,357 11,296 5.226 32,923 549 2,342 6,150 855 10,472 305 56,131 11,523 15,233 6,406 32,829 1,974 5,572 7,323 336.231 334,283 3,022 2,743 1,244 2,959 1,600 8,697 5.600 463.319 500.225 5,600 1,734 7,259 259 34,070 14,357 11,296 5,226 32,923 549 5,572 336,231 3,022 1,244 1,600 85.041 372.678 Support costs 85,041 185,0411 Governance costs 5,600 15.6001 Total expenditure 2025 463.319 463,319 Total expenditure 2024 500,225 500,225 Of the total expenditure, £398,44212024: £405,302) was restricted and £64,87712024'. £94,923) was unrestricted. 21 The Sidings Community Centre (Company Llmlted By Guarantee) Notes to the Financial Statements Year ended 31 March 2025 6a Analysls of expendlturelprlor year) Charltable activities Support Governance costs cost5 Total 2024 Total 2023 Advertising and publicity Audit fee Bank charges Caretaker and tleaning Depreciation Dirert charitable activites Legal & Professional Fees Light and heat Office expenses Rent & Business Rates Repairs & maintenance Security & insurance Staff costs Telephone Water rates Sundry 2,342 2,342 1,012 6,150 4,950 855 817 10,472 10,514 305 358 56,131 55,719 11,523 15,143 15,233 23,100 6,406 4,344 32,829 34,094 1,974 3,207 7,323 6,512 334,283 306,550 2,743 1,927 2,959 541 8,697 1,777 6,150 500,225 470,565 6,150 855 10,472 305 56.131 11,523 15,233 6,406 32,829 1,974 7,323 334,283 2,743 2,959 8,697 101,319 392,756 Support costs 101,319 1101,3191 Governance costs 6,150 16,1501 Total expendlture 2024 500,225 500.225 22 Thesidinsscomrnunity Centre (Company Urnfted By 6uaranieel Yearended 31 Mar¢h 2025 Net In(om@I (Expenditurelfortheyear 2025 2024 259 305 4.5 Audittrr5' fee- Net of VAT AnaW50f staff costS,trustee remuneratlan andexpense5.aThd thecastof keyrnanagementper5onn￿l Total staff cosfswerea5fdlow5'. 2025 2024 Wage5 ènd 5alanes 307,&)9 23,750 4,872 356,231 308.934 21.594 3.755 334.283 Partlcularsof employees.. Th￿ avoragè numbèr of èmployèos Ihead count baS￿d on numborof staftèmployedl duringthe Y￿arWaS as 1812024. 211- No employee rec@Ived rèmuneration of rnorèthan £60.OtM)duKifflgthéyèar12024- Nil) The total empltsyee benefits including pension ctrntributions and Employer's National insurance of the key management personnel were £42,3￿l2024.. £41,030). were they reirnbursed expenses during the ye3r12024.. Enill. No ch3nty trustee receivpd payment for prole55ion31 or other 5etvices 9 7AK4TION 10 TANGIBLE FIKEDASSErs F￿tureS fittings& equlpment Total COST 23.918 23.918 Attheend of the year 23,918 23,918 DEPRECIATION Atthestsrt of the year 22,193 259 12,193 259 Attheend of the year 22.452 22.452 NET BOOKVALUE AtthE endvltheyear 1.725 1.725 11 DEBTORS 2025 2024 Othèr debtor5 6A14 6A14 19.162 19.163 23 Thesidinsscomrnunity Centre (Company Urnfted By 6uaranieel Yearended 31 Mar¢h 2025 12 CREDITORS.. ArnouffltsfallinEdue wlthlThone year 2025 2024 PAYE and soli31 security Accruals 5,683 iO.BOO 1S,442 31,925 S,6QO lo￿38 2i6BO 13 ANALYSIS OF NEfissET$8eTWEEN FUNDS Year Ended 31 March 2024 unre5trKted funds Re5trirted funds TDtBI funds 24037 24,037 28.870 Net assetsaltheend ofthe year Year Ended 31 March 2023 Restricted Total Tangiblefixed assets 1.725 2.865 4.5 1.725 23.678 25.403 20.813 20,813 Net 3￿etsattheernd of theyear 14 FUNDS YearEn&d31 March 2025 Transfer betweeh Atthetnd funds of theyear Atthe Start of re5uurcé5 ré50ur£85 LB Camden- EarlyYears- Speiial ne2d&support LB Camden- SIC6Capit31 Work56rant LB Camden- VAC Healthgrant LB Camden- Cost-of-LIvingW?rm Hub Grani IWHI I4￿35 114A351 1,740 IIA821 1147,5QOI 120WOI 147,5 LB Camden- Summer events 25, 125NUOI NEFI Ytsung tsmden FOundétiOn-IHAF & Heads Upl 126,931 14.450 2,750 I13￿75) 122881 11,9UOI 15WOI 475 462 Jack Petchey Foundation We Make smallgrani 362 LS.O(N) ZO,E13 23.( 401,94B 117.2401 13Y8,7241 20.760 24,037 Desl8nated F￿￿-y￿th De$l￿￿ted Fund-OrÈaniStstlonal Devdopment General Fund5 4.356 4356 17661 66,304 164,5951 Totsi Unrestwitted Funds 4.5 66,304 I64￿95) 6299 Totsi Funds 25.403 468.252 14633191 30336 24 Thesidinsscomrnunity Centre (Company Urnfted By 6uaranieel Yearended 31 Mar¢h 2025 14 FUNDS ICONTINUEDI YearEndEd31 March 2024 beiween Atth¢end funds of thè year resources ampstead Wells& Campden Trust LB Camden- EarlyYears- Special nepd&support LB Camden- SIC6Capital Work56rant LB Camden- VAC Healthgrant L8 Camdén- Cost-ol-LIvingWarm Grant IWHI 24.108 15,927 132.1081 16.058 6.996 4.098 5.010 1.855 2,996 14,OWI Sm311 Grant5.' London 5port5 Iyouthl 90. 30.( 2S.C 190,OWI 130.0001 125.0001 & NEFI Young Qmden FouThdatlon London Youth (Sportsl 168.730 3.788 1168,7301 3,236 600 L8C CILGrant lorWH Community Food hub Johh Lyo We tvlaké Camden small grant 15.OCK)I 972 362 IS.￿0 20,812 15. 380.789 11,owi 45.326 De51gnated Fund-youth Designated Fund-organiststional Development 4.356 4,356 i.￿0 16.650 77.507 Total Unrestricted Fund5 22.C 77,507 4,590 Total Fund5 67.331 458.296 5W,225 25,403 IS RELATED PARTYTrANSACTIONS Sidin85 Community Centre 15 3 Tnember Df thp"Real RE50ufcE5" a charity registered in EnEland &WaleS. (Reg. Charity No IIW7161. Thereire na related partytr3nsaction&to dI￿105e for202512024'. none). 16 LEGALSTATUS OF THE CHA￿Ty The charity i& a company limited byguarantée and ha& share capital. Each mernber is liable to contribute a sum not exceeding El 25