2023-03-31-accounts - Southwark Pensioners' Centre

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Contents		Page
Reference and administrative details
Report of the Board of	Trustees
Structure, governance	and management
From vision to activities
Achievements and performance
Future plans		16
Financial review		17
Trustee's responsibility	statement	18
Independent Examiners	Report	19
Statement offinancial	activities	21
Balance sheet		23
Notes to the financial statements		25-39

Registered	Registered		charity aud company	charity aud company	Soutlnvark Pensionenp Centre also knovvn as SPC.	Soutlnvark Pensionenp Centre also knovvn as SPC.	Soutlnvark Pensionenp Centre also knovvn as SPC.
Charity	registered			number	299416
Company		registered		nunsber	02161913(England and Wales)
Registered			office		305-307Cambersvell Road, London, SE5 OHQ
					Charlie Smith	Chair
					Althea Marie Smith	Vice Chair
					Aparna Sapre	Company Secretary
					Anthony Squires
					Nsini Caroline Obinyan
Trustees					Andy Pany
					Emma Stapley
					Clu'istopher Cooper	Resigned on 1"June 2022
					Colin Anthony Hunte	Resigned on 1"June 2022
					Thomas William White	Resigned on 1"June 2022
Executive		Director			Cathy Deplessis
Advisors
Property					Aston Rose, 4 Tenterden Street, London W1S 1TE
					Reed Smith, The Broadgate Tovver, 20 Primrose		Street,
Legal - property					London EC2A 2RS
Indepmtdent			Examiner		David Anthony k Co, PO	Box70552, London	SE99DE.
					SharpRaiser, c/o HW Fisher Business Solutions		Limited,
					Acre House, 11-15William Road, London
Fundraising					Nwl 3ER
Bumau	resources and health and safety				Peninsula, The Peninsula, 4FB	Victoria Place, Manchester,		M4
Research					Pau!Kiff, Royal Statistical Society, 12Errol Street, London ECIY8LX, and Research Advice Service
					NatWest Bank Plc, 290 Wahvorth Road, London, SE17
					3RQ
Banks
					CAF Bank, 25, Kings Hill	Avenue, Kings Hill,	West
					Mailing, Kent ME194JQ

INCOME FROM:			Unrestricted	Restricted	Total	Total
			Funds	Funds	2,023	2,022
		Notes
Donations			1,975	241,732	243,707	265,514
Other trading activities			16,749	0	16,749	27,575
Interest received			431	0	431	8
Income from charitable	activities		11,832	0	11,832	2,696
Total Income			30~987	241I732	272I719	295~793
EXPENDITURE ON:
Charitable Activities		6/10	0	300,207	300,207	273,273
TOTAL EXPENDITURE			0	300~207	300~207	273~273
NET INCOME AND
MOVEMENT IN FUNDS			30,987	(58,475)	(27,488)	22,520
RECONCILIATION OF FUNDS
Total funds at 1 April 2022			59,794	22,563	82,357	59,837
Transfer between funds		17	(70,653)	70,653	0	0
TOTAL FUNDS AT31	MARCH 2023		20~128	34~741	54/869	82I357

INCOIUIE FROM.			Unrestricted	Restricted	Total	Total
			Funds	Funds	2022	2021
		Note			E	E
Donations			9,363	256,151	265,514	320,386
Other trading activities			27,575	0	27,575	928
Interest received			8	0	8	47
Income from charitable	activities		2,696		2,696	142
Total Income			39642	256 151	295 793	321503
EXPENDITURE ON:
Charitable Activities		6/10	0	273,273	273,273	344,877
TOTAL EXPENDITURE			0	273 273	273 273	344 877
NET INCOME AND
MOVEMENT IN FUNDS			39,642	(17,122)	22,520	(23,374)
RECONCILIATION OF FUNDS
Total funds at 1 April 2022			12,528	47,309	59,837	83,211
Transfer between funds		17	7,624	(7,624)	0
TOTAL FUNDS AT31	MARCH 2022		59794	22 563	82 357	59837

					2023	2022
				Note
Tangible Assets				12	13,201	17,639
Intangible Assets				13	1,217	2,451
					14,418	20,090
Current assets:
Debtors				14	24,903	36,299
Cash at bank	and	in	hand		84,222	77,360
					109,125	113,659
Liabilities:
Creditors (due within			one year)		(68,674)	(51,392)
Net current	assets				40,451	62,267
Net Assets					54,869	82,357
Funds ofthe		charity:
Restricted funds				17	34,741	59,794
Unrestricted	funds			17	20,128	22,563
					54,869	82,357

Donations
Government	Grants (see below)
Other Grants

Unrestricted	Restricted	Total Funds	Total Funds
Funds	Funds	2023	2022
		E	E
1,250	801	2,051	4,173
0	190,892	190,892	194,889
725	50,039	50,764	66,452
1~975	241~732	243r707	265I514

3OTHER TRADING ACTIVITIES	Unrestricted	Restricted	Restricted		Total Funds	Total funds
	Funds	Funds			2023	2022
	E		E		E	6
Rental Income	6,400			0	6,400	3,552
Membership	2,953			0	2,953	1,393
Other-Photocopying	52			0	52	30
Business Interruption				0	0	18,640
Secondment of staff				0	0	3,960
Other income	75			0	75	0
Grants for AGM and Xmas Party	7,269			0	7,269	0
	16,749			0	16I749	27~575

Unrestricted	Restricted		F Total unds	Total funds
Funds	Funds		2023	2022
E			E
431			431
431		0	431

					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2023	2022
					I	I
Activities,	events,	holidays	and	outings	11,832	0	11,832	2,696
					ji832	0	11832	2696

ANALYSIS OF EXPENDIT	URE BYEXPENDITUR	E TYPE
	Unrestricted	Restricted	Total Funds	Total Funds
	Funds	Funds	2023	2022
Direct costs (note 7		112,278	112,278	77,370
Support costs (Note 8)		187,929	187,860	196,903
		300,207	300,207	273,273

7.DIrect Cos	ts
				Unrestricted		Restricted	Total	Total
			Basis of
			Allocation	Funds		Funds	2023	2022
Wages and Salaries			Staff Time			50,660	50,660	60,069
Social Security	Costs		Staff Time			3,694	3,694	3,984
Pension Costs			Staff Time			1,265	1,265	1,042
Staff and Volunteer		Expenses	Staff Time			2,346	2,346	305
Activities			Actual Cost			25,029	25,029	9,487
Legal fees			Actual Cost			648	648	398
Holidays			Actual Cost			11,821	11,821	0
Fundraising			Actual Cost			1,541	1,541	1,116
Subscriptlons	and Publications		Actual Cost			174	174	969
Vaccine Project			Actual Cost			15100	15100
					0	112278	112278	77370

8.Support	8.Support	Costs
				Unrestricted		Restricted	Total	Total
				Funds		Funds	2023	2022
				6		E	E	E
Premises			Actual Cost		0	38,845	38,845	32,994
Communication			Actual Cost		0	3,727	3,728	6,556
Sundry Expenses			Actual Cost		0	140	140	0
Catering			Actual Cost			302	302	833
Bookkeeping		and Payroll	Actual Cost			7,039	7,039	4,024
Bank Charges			Actual Cost			677	677	597
Wages and	Salaries		Staff Time			56,620	56,620	67,136
Employer's	NI		Staff Time			3,570	3,570	3,851
Pension Costs			Staff Time			953	953	916
Staff expenses			Actual Cost			3,388	3,338
Depreciation			Actual Cost			6,283	6,283	6,269
Marketing			Actual Cost			168	168	832
Consultancy			Actual Cost			10,193	10,193	8,063
Insurance			Actual Cost			3,890	3,891	5,441
Amortisatlon		IT	Actual Cost			1,620	1,620	1,200
Governance	Costs		Actual Cost			50514	50 51'I	57 192
					0	187929	187929	195904

							Total	Total
				Unrestricted		Restricted	Funds	Funds
				Funds		Funds	2023	2022
Independent	Examiner's	Fee	Actual Cost		0	1,005	1,005	1,080
Wages and Salaries			Staff Time		0	41,720	41,720	49,468
Social Security Costs			Staff Time		0	5,048	5,048	5,44'i
Pension Costs			Staff Time		0	1,068	1,068	1,200
Volunteer Expenses			Actual Cost		0	558	558
Printing			Actual Cost		0	1,116	1,116
					0	50,515	50,515	57,192

This	is stated after charging:	2023	2022
Depreciation	oftangible fixed assets
	Owned by the charity	6,283	6,269
	Amoitisation ITSoffware	1,620	1,200
	Pension Costs	3,286	3,158
	Independent fees	1005	1080
		12194	11707

11Staff	costs		Unrestricted	Restricted	Tota I Funds	Total Funds
			Funds	Funds	2023	2022
			6	6	6	6
Salaries			0	148,999	148,999	176,673
Employer's	national	insurance	0	12,312	12,312	13,279
Employer's	pension	contributions	0	3,286	3,286	3,158
Staff expenses			0	3,338	3,338	0
Volunteer	Expenses		0	558	558	305
			0	168I493	168p493	193~415

	Office
	Furniture	and
12Tangible Fixed Assets	E ui ment		Total
Cost	6		6
At 1 April 2022	63,682		63,682
Additions	1,845		1,845
Disposal	0		0
Cost 31 March 2023	65527		65527
Depreciation	6
Opening balance	46,043		46,443
Disposal	0		0
Annual charge	6 283		6 283
as at 31 March 2023	52 326		52 326
Carrying Amount
31 March 2023	13201		13201
31 March 2022	17639		17639
	CRM IT
Intangible Fixed Assets	5 stems		Tota I
Cost		6	6
At 1 April 2022	4,674		4,674
Additions		386	386
Disposal		0	0
Cost 31 March 2023	5	060	5060
Amortlsation		6	6
Opening balance	2	223	2 223
Disposal		0	0
Annual charge	1	620	1620
Cost 31 March 2023	3	843	3843
Carrying Amount
31 March 2023	1	217	1217
31 March 2022	2	451	2451

		2023	2022
Prepayments	and accruals	8,454	4,389
Other Debtors		16,449	31,910
Total		24,903	36,299

5Creditors amount	falling due within o	ne year
		2023	2022
		6
Trade Creditors		13,972	7,581
Accruals and deferred	income	54,702	43,811
		68,674	51,392

					2023	2022
SPAG-Tony Frasky	legacy				1,750	2,250
Dulwich Almshouse					7,000	7,000
Kings College London					5,000	5,000
Southwark					2,339	0
Haberdashers					500	0
AGE UK Apr-May 23					14,579	0
Bright Sparks					9,800	0
LBof Southwark-additional		restrictions		grant		2,248
LBof Southwark-	Democracy		fund			720
Southwark charities						9,425
LBofSouthwark-	NH Fund	2021/22				5000
					40,968	31,643
Weston Super Mare					2 187
					43 155	31643

					Brought forward	Income	Expenditure	Transfers in/Out	Carried Forward
								E	E
General Funds
Unrestricted funds					59,794	30,987	0	(70,653)	20,128
					59I794	30I987	0	(70I6 53)	20~128
Restricted funds
Others (Donations,		SPAG, Iust Giving)			0	0	0	0	0
LBSouthwark —Common			purpose	- Core	22,563	103,421	(161,896)	70,653	34,741
AGE UK Older Peoples ik			Carers Hub		0	87,471	(87,471)	0	0
Other Restricted	Funds				0	50,840	(50,840)	0	0
					22I563	241I732	(300~207)	70~653	341741
Total offunds					82I357	272~719	(300,207)	0	54,869

18ANA	LYSIS OF NET ASSETS	BETWEEN FUNDS
		Unrestricted	Restricted	Total Funds	Total Funds
		Funds	Funds	2,023	2,022
		E	E
Tangible	fixed assets	13,201	0	13,201	17,639
Intangible	fixed assets	1,217	0	1,217	2,451
Current Assets		5,710	103,415	109,125	113,659
Creditors	due within one year		(68,674)	(68,674)	(51,392)
		20,128	34~741	54I869	82I357