REGISTERED COMPANY NUMBER.. IJ2510482 (Englgnd and Wthltsl REGISTERED CHARITY NUMBER.. 803638 REPORT OFTHE TRUSTEES ND UNA DITED FJNAN IAL STATEMENTS F R THE YEAR ENDED I NIARCH 202J FOR ST. THBERT. ENTR A COMPANY LIMITED BY GUARANTEE Brindky Millen Lrd 167 Turners Hill Cheshuni Hertfordshire EN89BH èACCN41114)* 2310912023 COMPANIES HOUSE A24
T. CUTHBERT'S CENTRE A COMPANY LIMITED BY GUARANTEE CONTENTS OF THE FINANCIAL sfA TEMENTS r r the Y¢xr Ended l March 202) P¥ge Chief Executive's Rtport Report of the TrtsstttS Jndependerbt Kxamitser's Rert Stfttemtnt of FiDgThcinl Activities Balance Sheet 9 to 10 Cash Flow Statement Notes to th¢ Cash Flow Siat¢ment 12 Notes to th¢ FinAncial St471tmtnts 13 21 DelAiled Statemrnt of Finaocial Activilics 22 to 23
ST. CUTHBERT'S CENTRE OMPANY LIMIT&D BY GUARANTEE CHIEF XECtrrivE' REPORT (or the Yt#r Ended JI Mjrch 202J Overvi¢w of kty dtv¢lopmeThts dyring tht yt•r We begari lh¢ y¢ar mueh A5 ive left the ILst an(L with Covid restsitiions having bten lifted in F¢bruary 2022, Iv¢ ivtre free 10 begin 10 maximise lh¢ ponlial of the charily whilsi siill dealing %Yith managing a sTAtrat)d ieam thai Ive siill prone io becoming inftcted and the challeng¢5 that came ivith thai. As these challthges reced¢d throughout thc year, the Cenlfc bccamc fully operaiional. Our indoor lunch service r¢lumed lo the vibrant exrIenCe li wa5 befo the pandemic iviih a ihreerfoursc meal provided for [¢ lo artyone %vho arrivcs ai the Cenirc. Wc noiv operaic al or closc to. capacjty most days Made enrircly from food Ihai ivould olhenvjs¢ go 10 landfill. our tnenus are designed as tnu¢h for iheir nuliilional valu¢ a5 th¢ir tssie and are served ai (he (able 05 in a r¢siaurHni by our dcdicaied kam of volunteers trthantirt8 our 8uesi's self-rtsptu and dignity. Our thkeaway servicc continues th mn ai capacity, offerin8 lh¢ slme thretoursc mtsl packaged 10 be taktn aivay iyiih iivo care 5UPPOrt workers on hand io advise on the problems our guests face on a day io day b&sis. Having siarted Ihe iakea¥vay service in 2020 out of ncce5ssiy. iv¢ r¢ali5ed il ha5 on¢d up the Centre io many others who hav¢ pr¢viously been unablc io Ihe indoor s¢rvi¢e- such as famil¢e5 Ivilh young children. people iyho are housetound and ih05e living iviih menial heglth i55ues Ihai make indoor lifc unMfOrtable. We ivill continue to off¢r both s¢rvic¢s for as lonE 85 IL is pracliol financialty possible. OUT long51anding connli0n with The Felix Projea continud io bc extrtmcly impthtsnt as th¢y werc able lo muintain a reliable dclivery ofsurplus food ihal would othenvise have 8oncio landfill. W¢ continued lo d¢v¢lop further Ihc ihuapwjtic seryice5 we off¢r wthin a 5UÉt¢ of thenpy Trn5 which were launch¢d in 2021. This has allowed u$ 10 rnerthse bh th¢ variety and brca<tlh of ¢)ur thcrdptC5. lftrlvding our oiYTr counselling and 8itVi¢C S¢55ions. ive offered hoTneop#thy. Cranio-sacrnl Therapy, Bouldcrsiwe Tethnique and grief th¢rapy. Addiiionally. Ihere ivas an NHS communiiy nurse spe¢iAlist providkn8 on¢ to on¢ advice s¢ssions in partnership iyiih RBKC, Ag¢ UK and Turning Poinl. Oui Men1 Hediih provision also toniinucd Ihroughoul the year, ¥vith 5uppori now ptedominanily fatt-lo.f¥c¢ bul continuing Ihe rcffloic otTuiiiB which siartcd In 2020. The demand for these strvices ¢on(ithued io be high. a thallenBe met ably by (r dedicaicd staff. Wc iverc able to offcr a [vIar %vc¢kly winier night sheltrT for 24 rKopl¢ in partnership with Gla55dwr frorn Nov¢mbcr lo February. We have b¢¢rt pleased w reiniroduce our highly sUcSSful Art Club aThJ Ivill be launching an online 8allery of ivork 500n, folloived by a live exhibition ai the end of 2023. This ivill complement th¢ inirthlucrion of An Thcfapy w ihe suite of 5ervic¢5 on otTer ivhtch will go live in Seprembcr 2023. A lao¢ pail of our rnissiott i5 10 provide a digntfird spa¢¢ for (tur gucsrs ivhi¢h tequirs ¢onsiartt upkeq) orth¢ Ctntrt's rill11eS. In lint wilh thi4 %vc had Ihc Iloor of Ik hall sandtd, impfovins Iht acsihdics of Ilie room. boih for Ilic 8uesis and 10 mainiain lis 8llraeiivencss for Ihose looking to hi)st an eve41t. We also InveEd in a new oven which gave u5 ihe ability 10 ca511y double our cooked food ouipui. Oihcr ad hoc evcnls ive hostcd in¢luded two ChrisDnas p•rtrS wcl¢omillg IfA) gJests as well Is a Val¢nline's lunch. a CoTonaiion special event and a Lunw Neiv Year lunch. Fui¥drMising income Th¢ charily coniinucd 10 enjoy generous fJnanci81 suppm including from mtsny neiv dontsTS. We Tectived sigTrifit8nt donations from Harrod5, Garfjcld Wesron Foufidaiion, Julia & Han5 Rau5ing TrysL Kensington & Ch¢15u Foundation. Earl's Court D¢vclopmLni Company. Dra Charitable Fund, Vi5tr4 Permirffj The Hollick Farrkily Foundation. Sitand Parishes Trusi. The Albert Hutsi Trust and City Bridge T. We a150 r¢ceiv¢d many othtt smaller thjnations which combirted 10 811ow Ihe charily ro operate for anuiher year. Th¢ 8rowlh of Ihc 'Friends of Refcllofio Felix" club Colllinued. with dOnlonS doublin8 from ihe beginning io the tnd of the Yer. Mcmb¢rs donal¢ a monihly amount frem £10 upward& for ivhich they will be inviicd io exclusive even given personaliscd uFxlJits aad re¢eiv¢ a limiied-ediiion pin badge. The provision of a monthly amoun¢ matter how Small. Is very itnportani as it alloiv$ us 10 plan with a better undetsthnding of our fuwre c&sh flow. Thi5 year ive parthered i¥iih the Earl's Courtiers Theotre Group holding a Thanksgiving ihemed dittner expericnce ai Ihe end of November fekruiing a sertes of Am¢ricsn.aulhor¢d romerfy skekhes artd a Ihrec couvse feasi. The eyeiii raixd n¢arly t10:000 and Ih¢y will be retuming in 2023 iviih iheir prtyluciion of Swew TIKId. Wilh star chcf5 hil by Ihe h¢spiialily tecnjiimeni trisis. our Season's Surplus dinnEr serie5 01$ on hold. Ho%vever, we did manage 10 suge a Summer Supper Club cooked by our o%vn Head Chcf lulia It iva5 a fanwtic cvcning and raised in excess of £20,QOO. The d¢dicatcd Social Supptr Club Itam succeeded in holding ti¥'o of Iheir p)pular vcgctarian evtnts, Ihe procceds ol. Ivhich eniirely iyent in 5UPWt of th¢ charity. raising £4.1Ul. They hopc 10 l¥)Id fimw in 2023124_ From Sepiemb¢r 2021 tve resumed Ihe developmenr of the ptivaie YeThut hiTe elemcni ofoui irkconie, Ivhich aims 10 hclp ihe charity bcwTne morc finJn¢ially stable by deriving in¢orne from the hall when it Is noi bcing used for its pnme chariiablt mission. BotskinBs for all type5 of evenls hav¢ becn buoyanl includin8 cofF4)rdie private hire artd. in particulaT iveddlngs. Pa8¢ 1
ST. CUTHBERT, CENTRE MPANY LIMITEI) BY C TE CHIEF EXEC Tivg'5 REPORT for the Ytar Ended 31 MAr¢h 202J Stxff •Trd Volunteer5 Thc Centre currenily has a full-lim¢ staff of eight and 3 pan-ilme siaff of eight (including conrractorsl. Thcyc is 8 Senior Management Tearn cornprisithg a Chief Executive Jnd a Head of Owrntions ivho togdher overse¢ slarr tomprising two Chefs, a Menial H¢alih Coor(Sinaiof. thie¢ Care Support Wotk¢rs, arb Adtninisiraior, an Events & Msrk¢iing Ol¢¢r, an Eveni Supportlcareiaking Team and a Trusts and Foundl¢)n9 Manager. In 2022-3 Ihc number of volunicers inertased a8ain. wthich wc believe is a tcsrarnenr io the welcom4ng envlronmcni of Ihe Centr There were 6.168 houts of volunteer sUPPOrt fuifilltd by 651 d¢fferenL people from all walks of Iifc, many of whom reiutn on a weekly b15. Their skills. commiimeni and trtihusiasm have helptd ensure ihai wc arc delivcriDg ¢h¢ be51 5ervice5 sSIble to our guests. Feedback from our volunrecr5 has overwhelmingly wjsilive. In a typial month. 99Ph of volunieers have said ihai ihey Iv¢re ¢ith¢r very satisficd or sati$fi¢d wilh the volyn¢r ¢xperben£e th l(KPfi said Ihty enjoyed inl¢l2Cling wilh our service ustts. Comments i¥¢ have reteivcd includcd.. 'Ii 15 I pl¢asur¢ and a privilege 10 ly0 alongside th¢ ieam and se¢ Ihe v¢sibl¢ diff¢rcnct ihey can mak¢ in Ihe li¥c$ of people wlio art Struggling to surviv¢ in a 50riety whcrc iht di5tributitsn ofiytalih i5 iThuea5ingly inequiiabk." .1 rind myself surrounded by acis of kindtte>% both fmm sthff and gueM& and even though l am always ihankcd profusely for my iimc. I feel tha¢ 15hould bc the thankful onc." 'Th¢ ¢ore staff are comrnitied indiv11% skilled * handling a dLvets¢ InLX of clien many of whom have complex ment81 health issues in addiiion to physical problems." 'As a long ierm volunteer it 15 hf4rtwarmin8 10 sec thc progress Ihai ihe rcgular guests rn8kc ia their J<kurn¢y through ihc Ccntr¢." In a¢Jdiiion to our two permancni ¢h¢f4 more than 50 diif¢rent gue5( th¢fs from som¢ of the top re$lauthts in Londort and bcyoi cook'ed al the Cenlre. Th¢ir patiicipalion in our lunch service ha5 h¢lp¢d u5 rdisc awaren$ of the kcy issuts whicli Ihc Cenirc addresses suth hom¢l¢ssne$8 mtnial ht•lth. f(1 w&$ and forjd poverty. Theii culinary input has been much appreciaied by our gucsrs have cleady felt atb hlAted sellse of seif-lvorth and sotiAI inclusion by having many of the UK'S mosi notsble chefs Coming to care and cook for them. Lasi year ive ivere luck'y ro have, among oth¢r4 chefs from the Mandarirb Oricn¢al. L¢von. Soho H(wse ¥nd ieams from Lexin8ton. Rtsiauroni Associaie5 and Compass Groyp. Key Staii8tiu In the 12 monih5 from April 2021 w¢ have saved 2SJ60kg of Su[$ fothl fn)m 80ing io landfill. We used ihai (D provid¢ Ihe rollot¥in8 lunchcs ai our inside iabl¢ 5¢rYic¢'. Total atttndinte for lun¢h Cuests 81 74 65 53 April May June July Augusi S¢p¢ember October November D¢¢emb¢r January February March 653 786 777 899 1.084 748 783 65 73 52 44 75 45 47 577 776 946 Total 9817 734 In addiiion. we providcd I83 three-cour5e 18kcaivay lunchcs. $89 8ue5ts found ttmpor8ry accommodaiion. &g. hLrt¢ls nighr Sh¢It hosicls and 4Jort-term conlr8CIS. S6 8ues15 found permgnent accommo(faiiorb. Our re5id¢nt Gl45sdoor Cworkcr 3chievcd 345 posiiive aCcommJab0n oultomes for our induded i figures. the above Page 2
ST. CUTHBERT. CENTRE OMPANY LIMITED BY G ARANTEE CHIEF EXECUTIVE'S REPORT for the Year Ethded 31 MAr¢h 2023 Siaff carried out 4,200 informal one io one advice session5 wi¢h SUC$. Our Menial Healih Coordinator carricd oui 1815 fornwl roun5clling 5¢55iofkS Iviih guests. 615 individuals have participai¢d in our aciiviii¢5. Pl#n$ Afbd obj¢ttiv Th¢ ¢harity ¢oniinuc5 to d¢Yelop and Rroiv ith 5pse io our guey's challenging rKed5. In particular. we are looking to extend Ihe paihways ive can offer our 8Utsis and, Iviih that in mind. 8re assc5sin8 Iht P055ib¢liiy of a Rtftiiorio Residence option soon. bringing Iht philosophy of Reftttorio Felix 10 the provisiort of 8ccommodaiiott. We h8¥e jusr Teccived fundin8 Irom HMi¢le55 Link 10 haalys¢ the feasibility of Ihis project and hope to drive thi5 forward during the ycar. OUT rttaL aim is alivay$ 10 offer morc SUFP)rt for our Buests. Somdhing that coniinucs io sirctch our topscity is thc n¢¢d for expanded counselling ser¥ices. To ihai ¢thd we have applied for and Tettived funding ¢0 ac£tedil our own M¢nT#I Healih Co-ordinator as a Counselling sUrvIsor. enabling u5 to uiilise ihe skills of nearly qualif¢¢d ¢ounsellors within our service. This iyill extend Ihe capacity available 10 15¢ a5 well &$ bring through new mentsl health ptofe5510Trals 10 alleviate Ihc long-lerrn problcm ¥Yiih Ihc lack of ihese servicc5. I look for%vard 10 continuing io ivork iv¢th the sthff. our volunlcvs and OUT Board of Truec5 10 build ¢Mk the cxcellenl pro8ress Ihal the charity has made over ihc 1*81 year. Ali Kinyl¢y Chi¢f Execuiive Sepltmbcr 2023 Pagc 3
ST. CUTHIIE T'S CENTR PANY LIMITED BY GUARANTEE REP RT FTHE TRUSTEES for ihe YeAr Ethded 31 MArth 2023 The Irusiees ivho are also dircctots ofihe charity for the purrx)ses ofthe Companies Aci 21K)6. pre5ellt their rerMTrrt with the finan¢ial 51aicmeots of Ihe charily for lh¢ year endcd 31 March 2023. The rfuses hav¢ adopied the provisions of Accounting and Reportin by Chariiies.. Siaiemcni of Re¢ommeod¢d Pra¢ti¢c applicable io chafitics preparing Ihcir acrounis in accordancc wilh Ihc FiDan¢itl Reporting Standard applicable itb the UK ond Republic of Ireland (FRS 102) (etre¢live l January 2019). Ba¢kground Si Cuihbert's Cetttre l-the CeniTe"l originaied in 1987 1$ a ihrtt-year Joilli Yen14Jre be(Iveen Si Cuihbert's Chiirch PCC and The Rufford Foundation in response io Fl. Bill K¢rkpatrick'5 visthary approach 10 tackling distTess in thc inrtcr-city 8rea of Earl's Court. Th¢ proj¢¢t opened in (he chur¢h hall Pfemises in January I and later lh year was iDcorpordie41 as a sepatai¢ eniity. operating ind¢pcnd¢ntly of thc Church J5 i15 t¢nani. In 2017 the Ccnire collabotated i¥iih Fothl for Soul, a chtirity founded by ihe renowned thef Massimo Boituta and Lara Gilniorc, to bring an ¢nhan¢ed otrering to the Ccnirt. Through joini fundraislng the C{re was compleiely refurbished. and enhanced meal service5 exclusively utilisio8 surplu5 food were provid¢d. The btsnding of the charity changed to Refeiiorio F¢lix @ Si Cuihben's C¢nlff i(p reflect both this and ihe ongoing rcldiionship With ihe Fel Proj¢¢t %vho provide th¢ surplu5 f£yJd. OBJECTIVES AND AcfiviTIES Prin¢ipal objetttvt The principal obi¢cliv¢ ofihe Chlty. &% defined in irs Memorn)dum of Association lincorpordrcd into Ihc Articles of Associaiion}, Is rhe relicf of poverty. hardship. 5icknes5 and di5tTess arnOng persons in Grearcr Lond¢)n. In praciice. thc charkty con(£niraie5 Oll Ih(trse requirirt8 su¢h r¢li¢f who art Situ in artd ih¢ iioyal Bor(MJ8h of KsIngl0 & Chely wh¢re the rhariiy's premises yr¢ located. Aim8 activities The Cenirc 31mS to improve th¢ health and ivellbeing of its bcneficiarie5 firstly by undcrsthnding and responding to iheir basic n¢¢d5. Once Ihes¢ haye been addressed li can begin w idenlify and aiiend io ihe more fundamenial barriers iyhich may preveni ihose ivho aiiend the Ctnlre from approathing MainreaM suPrt suv1 maintaining a i¢nancy. inlegrxiing iT510 the communiiy or becoming rinan¢ially independetht. Th ate all ess¢n¢ial to the preV¢nu ofhomele5sn¢ss IKth short and long terni. In particular, lh¢ Cenire aims 10 assess and Spport su$ %viih menial hcalih I55LS and. through wly ini¢rv¢niion. preveni further dcicrioraiion and Ihe necd for more inicn5ivc and expcnsivc suprJrt. li also aims io achieve and mniniain a high oualiry. flexible and adapiablc Service Ihai evolvrs in r¢sponse 10 lh¢ ¢v¢r-¢hangirLg nceds of its gues, %Yith th¢ arrn of t¢habiliiating iDdividual 10 IIL¢ir tnzxiimum pplential. Through the Cenirt's involvement athd guidance, gU¢S ¢an build Iheir indcpendcrlce, Ivhil tfller accc%5ing boih the siaiutory services and more specialis1 SUprt. HoiveY¢r. b¢yond ¢mfft¢diaw t¢t and supptsrt. the Cenirc is focusstd on assisiing gues15 achieve greater selff¢5Fttt and self-lIanCe so that thry otbce again play &% full a part as p05siblt %viihin Ihe local communiiy and society at large. Public Benefit and Help and Support offered at the Centre The Trusiees havc had regard lo ihc Guidanc¢ of thc rharily ComMiksion on public benefit iyhich li fulfil% Ihrough ILS principal objective stated above and as furthtr sct out btlow. Th¢ C¢nire provides a day ccnire thai is a safe havcn and urly preveniion "5#f¢ty net" for th¢ marginalised, alienated and di5posscssed. Many of Ihc Cenire's guesis are dealing with major challcn8es. including homele5sne5s. physical and tntnial ailmenis includin8 dtmeniia, substance mi5U5e and cxiremc poverty. Many liv¢ alone. 8tt¢mptsii8 io cop¢ wiih old age or ill h¢Alih. social isolaiior) and sometimes major psychiairic condiiion5. Duc ro iheir fragility and lack of seif-confidu¢¢ they arc oflen unaware of, or hid¢ sway from, welfare proftssiona15 and in the abseo¢e of the Criiire Jiii8hi slip otT thc communi15 rndar aliog¢ih¢r and d¢i¢riorate on Iheir own. The Cenire provides a ihree.cours¢ Tne41 free of charge to its gi. The mcal is cre8ted by professi¢Jnal ch¢fs from Sufplus feod 10 r¢siaurani sndard on good quality tsbleivare. Our Bu$ are seryed at the tsbl¢ by our volunlt¢rs. The food is specifically desTgn¢d to improve rh¢ nvtri¢ion#l intakt fo oui 8uesrs. Ihe 5etlin8 10 cnhance their Self•tt and ihe environmeni 10 providc a s(>oihing rcspile to thc dirriculiits faccd in the rest of iheir lives. By providing gr1 fo(Ml in a comfortable cnvironmenL Strved bv volunieLr5. we hope ro ¢n¢ourdge guests 10 sctk ovi lance from Ihc v)rious ancillary setviees provided ai lh¢ Cenlr¢. Page 4
ST. UTHRERT'S CENTRE A COMPANY LIMITED BY GUARA REPORT OFTHE TR STEES for the Year Ended 31 M¥rth 2023 ACHIEVEMENT AND PERFORMANCE Overview of 2022123 The Board is ple&s¢d to a su¢ccssful year for the CentrE with all of i)ur corc obJcciive5 and aims being mcl and, time& extt¢d¢d. This is reflected it) the continued en8a8¢m¢nt by our BueM4 prtn¢r orgftnisation% volunteers and our dedicait sraff. The lifting of all Covid rtsrriaions in February 2022 allowed us io #art the yearwith a SeSe of tetum 10 norni&lity. We wert pleased 10 See the ieam continue 10 offer Ihe iake4way suvice wcll Is remoie coun5elling' Iwo posilivt. opei?tional Icgacies of th¢ pandemic. As a r¢sul( of Ihss. the Incre In nurnbe wming io rhe hall for r lunch s¢rvi(e has allowed us io offer more praciital nd p5ychologi¢al emotiooal support ihrough counsellin& refura15. art aad tomplernentary therapie5. The usc of the forrner fl21s that join the Cenire. Ihe Green Rooms have tten essential in giving us this irttre4sed calty. The C¢nire coniiiiuts 10 dcnd on the 0rt8oin8 generous financial rtteived froni our donor5. The part-limc t151 and foundation officer bccamt full time during the period thith h$ allowd us 10 apply 10 a widcr specirum ol poieniial grani-makers nd improved our processes for makin8 funding applicaiiorts. Thc incre&8e in income from evcnts htld at the h811 ivas welcome and. again. nJainly due to having a dedicaied member of 10 frKus on this 50urcc. The TA15 would like io Iliank all lh¢ charitsble Foundations, Irust5, wrpDrates and othcr organisations as lyell as indivHluals who tO8clhcr makc Ihe iyork thai we do possiblt The experice our i¢am h&$ built in th¢ lay five years of deliY¢ring frrmi-lin¢ assistantt. ¢jp1¢d with the curreni financial siabiliiy of Ihc charity, obli8alts us to eonsider Ihe dtvelopmeni of Iht Ctnirt for nexi five yeao and btyond. To Iliis end, i¥e are acisvely a55essing the provision of accommodaiion and have approved a fed5ibiliry study 10 be dcliv¢r¢d by Hom¢lc5s Link. Further details of our performante and outcomes for th¢ y¢ar, as well as Iww th¢ Centre d¢v¢iord are in the Chier Executive's rtport above. Finally.. Ihe T0Jees would lik¢ io thank the Chief Execuiive and all memb$ of staff. eoniraciots and volunle£fs for Ihe exctpiional %voik (hey ha done dtsring the year and Ihe int10ry ihey have intr(Alucd in the dtlivwy ofour core objeciives and aims. FINANCIAL RIVIEW Financial results for th¢ y¢xr tnded JJ Mxrrh 2023 Incotnc incrtascd from £438.56? itt ihe prcvious ytaT lo £587,892 foi this financial period. -rhi5 incrcasc is printipally duc 10 Ihe irnprovemtni in hall l¢iiings and ev¢nts folloiwng the parKlernie, the bro&ler source of 8r8nts that have been applied for since the tnove 10 full lime for our trusi and foundation officer and some unexExcied don&iions. Costs ¢ncr¢astd 10 £532.784 from £451.312 for Iht prior year, represtniin8 an increase of 18 IDh. This w&% 9. Ivo ov¢r budget and wa5 principally dty¢ (o hi8hcr encrgy c051S, a ¢0s1.of_living paymeni 10 staff, hi8hw Ihan anricipated tv¢nt-related costs and ihe rcpair of Ihc stairlifi. Siarrcosis a ptrttniag¢ or rotal costs hav¢ r¢main¢d constsrtt at 6h12022= 68%). A surplu$ was rtgiY¢red for the year of £55.108 {2022.. deficii of £12.7451 as r¢port¢d in the FiDanrial Siaietnents. Reserves policy The Trusices have a reserves policy ihai aims io build up unre51ricl¢d funds over a pErityJ of lime. finan¢ial results p¢rmiiiinL to a level thai Ivould help ¢0 ensure ihe £oniinuation tsf lh¢ C¢ntre'5 orraiions for * least 9 monih5' during a period of unfortse¢ii ditTitulty as ivcll a5 for Eeneral maintcnance and iniemal rtpairs 10 ilie building. Based on ihe'2023124 budgei, th¢ tar%ei level of Ihis Gertcral Fund would be £422.566. Al Ihe y¢ar<Dd Gcner81 Fund5 8L£444.140. STRucfuRE. COVERNANCEAND MANAGEMENT Covcrning doturncDI Thr ¢haiity is cthstiluted as a company. limited by guaranie4 Is defincd by Ihc Compan¢¢s Aei 2006 an¢J govemtd by ils Articles of Associaiion. The Tiusices Iivho are the Direcior5 of lh¢ Company and form the Board of Dircrlorsl hayt full rtspmsibilily the charity's valucs. mission. siraie8y and budget The operaiional dcc4sions are lcd by Ali Kingslcy Ichicf Execuiivt} using his delegaitd auihority from the Board of Dir¢ctots and he is led in th¢ day to day wThnin8 of th¢ ¢hariiy by a ieam of 51aff and Volunte5. Risk man*gement The lack of predictable and con5isl¢ni funding r¢tnairts a major risk for Ihe ongoing operdiions of ihe chariiy. A¢¢ions ihai hav¢ ery taken 10 miiigai¢ Ihis risk includ¢ invesiiog in the hall 10 incr¢ase tevenue from private hirc in conjun£iion iviih lh¢ employnieni ora d¢di¢ated cvenis manager. Additionally, tnaking ihe Iru5¢ and foundalions orrictr a full iimc role has enabl¢d x ivid¢r 50urr¢ or donofs to bc approache41 and Ihc mainr¢n¥n¢e of gentral reser¥c5 undewins (he ablliiy for (he charliy io dLliv¢r ils objetiivts. Operarional and financial risks are monitoted and man88ed 1hrgh eff¢¢tive control wlici¢s ivhich rtvicived p¢riodically. RIFERENCE AND ADMINISTRATIVE DETAILS Registered Company numb¢r 02510482 IEn8land and Wales) Page 5
ST. UTHBERT'S CEtyTRE COMPANY IMITED BY REP RT OFTHETR TEES (or the Y¢ar Ended 31 March 2023 Regi5tertd Charity number 803638 R¢gistered office 51 Philbeath Garden5 Earl's Court Lortdon SW5 98B Trusttts Michael A Anderson Julius M B02zino (TrtUrtr) Alan J Brown M Guindi Sharyn L jaqu Ir¢5ign¢d 16.3.22) Riehard J I Parkcr Ichairnianl Martin A r Shenfield riebe¢¢a W¢st (resigned 17.11.221 David J Yi&nni Mirafftda E Kcasi Debordh Marie RUddY18pTrint¢d 14.11.221 Company Sttrttary Emma C PrÈr¢ liidependtni Ex&miner Brindley Millen Lid 167 Turners Hill Cht5hun( H¢rtfordshire ENS 9BH B4nker5 Bafclays Bank PIC Earl's Coum Brancli 191 Earl's Cotsrt Road London SWS 9AW This Ttport ha5 bvcn pr¢partd ith acGordanc¢ wilh ihe sl#L provisions of Psrt 15 of the CompAnies Ad 2006 relaiing 10 small ¢ompanics. Sep 15, 2023 Approvcd by order of the board of trustccs on.. . aThJ si8noJ on its behalf by: Emma C Pr¢c¢- Secreiary Page 6
INDEPENDENT EXAMINER'S REPORTTO THgTRUSTEES OF T CUTHBERT'S CENTRE MPANY LIMITED BY CUARANTEE Indtp¢ndtnt eximither's rtport to iht trustees of St. Cuthbert's Ctthtre18 Company limiltd by gtrArAieel ('tht CoThp#ny'l I rcport to the Charity Irusttes on tny examlnation ofthe accounts of (he Company for the year eDdcd 31 March 2023. fttsponsibilitits and b¥5LS of r¢port As Ihe charily's trusiee5 of IhE Company (and also its diT¢aots for tt purptsses of Company laivl you or¢ responsibl¢ for the pr¢paration of theaccoun ID a¢¢ordancc with ih¢ Nuiremcnts of th¢ Cfynpanics A¢¢ 2(K16 (Ihe 2006 A¢i). Having satisfied myself ihai ihe accounts of the Comp&ny nol tequirtd to be audited under Part 16 of Ihe 2006 Act and are ¢ligible for indep¢nd¢nt ¢x2minatior4 I report itt res of my examinaiion of your charily's acrounls carried out tsrtder Se£iioD 145 of the Chariti¢s Arl 2011 I'ihe 2011 Act,). In carrying eui my cxaminaiion I have followed the DircciioDS gtvEn by the Chariiy Commission under Sectiort 145151 Ib) of the 2011 Au. Independent examiner'5 statement Since your charity'5 gross income exceeded £250.IXIO your cxamincr must be a mcmber or a li5t¢d body. I can confirm thai l am qualifi¢d to undertake the exatnination trmus¢ l am a ffwber of the lrtstiwte of Chart¢rtd A¢¢ouniants in Engljnd and Wale& whi¢h is one ofthe lis*d bodie& I have complered my examirtaiion. l ¢onfirm that no m•ters have come Lo my antniion in conntaion with the examinaiion Biving ¢ cause io beli¢ve". 2ccouniin8 records were noi kept in rtspecr of the Company a5 required by Se¢tion 386 ofthc 2006 Arl: or the accounts do noi accord with those records" or the accounis do noi comply wilh the axounling requirements oftsiion 396 of the 21K)6 Act other thats any rcquirctntni that th¢ at¢ounls give a true ond (air viw whi¢h is not a mattertonsideted as plrt of in indep¢ndeni cxaminaiion., or the accouais have Dot been prepared in ac¢ordanc¢ ivith the methods and piineiples of the Stsiemeni of Reeommended Praciice for accounting and reporting by charilies lapplicablt io ch2rilits preparing iheir accoun15 ID ?c¢ordanc¢ iviih Ihe Financial Reporting Siandard applicable in thc UK and Rq)ubl¢c of lrtland {FRS 102)}. I have.no coo¢¢rns and hav¢ rome across no othv tnaitefs io conn¢¢iion with ihe ¢xamirtalion 10 i%thith aiicniion should bc drai¥n In thi5 rcport in ordcr to uablc a proptr undcrsEanding ofihe accounls 10 bc reachcd. GWT4J Maurice Brindley Bsc FCA BritNll¢y Millen Lrd 167 Turner5 Hill Cheshunl Hertfordshire EN8 9BH Sep 18.2023 D81e'. Poge 7
ST. CUTHBERT'S CENTRE MPANY LIMITED BY CUARANTEE TATEMKNT OF FINAN IAL ACTIVI IE INCORPORATING AN INCOME AND EXPENDITUREACCOUN ror the YeAr Ended 31 Marth 2023 31.3.23 Total funds J 1.3.22 un[ne(ed futbds R¢siricied funds funds NoS INCOME AND ENDOWMENTS FROM Donai¢on5 and legacies 406.440 79.162 485,602 366,748 Ch8ritabl¢ ittivilies Hall leiiings and events 94.431 94,431 57.132 Invcsimcni income Oihtt income 7.859 7.859 1.956 Total 508.730 587 892 438 567 EXPENDJTUREON Raising funds 25.608 25.608 17,469 ChAritable attivities Social Work and Meal Provision 427 654 507.176 433 843 Total 453.262 532 784 451312 NET INCOMEJI£XPENDITUREI 55.468 (360) 55.108 112.7451 R£CONCILIATION OF FUNDS Total fund5 broughi fornvard 382.629 6.403 389.032 401.777 TOTAL FUNDS CARRIED FORIVARD 438.097 444 140 389 032 The fomi part of Iljtst finala1 sthiemcnis Page 8
ST. CUTHBERT'S CENTRE A COMPANY LIMITED BY G ARANTEE REGI TERED N MRF.R.. 02510482 ANC Jl Mir¢h 2023 EET 31.3.23 Twal funds 31.3.22 Toial runds Unre51ricltd funds Re51ricted fiJnd5 Noits FIXED ASSETS Tangibl¢ as5els Ittvc5tments 20,868 20.868 14 20.869 20,869 CURREKf ASSETS Debtor5 C*h at bank ind in hand 15 30.607 462,223 30.607 468 266 91.784 455 869 6.043 492.830 6.043 498,873 547,653 CREDITORS Amounts f811ing due wiihin on¢ y¢ar 16 175.602) (75,602) (158.6211 NETCURRENT ASSETS 417,228 6.043 423271 389 032 TOTAL ASSETS LESS CURRENT LIABILITIES 438.097 6.04J 444.140 389,032 NET ASSETS 438.097 6.043 444 140 389 032 FUNDS 17 Urtresirieied funds.. General fund Restricicd funds 438,097 6.043 382.629 6.403 TOTAL FUP4DS 444,140 389,032 The ¢hariiabl¢ cornpathy is erttiiled io ex¢mpLiort from audit Seaion 477 of the Companies Acr 2006 for the year ended 31 Marth 2023. Thc members have not T¢qiiired the cornpany io obthin an alf of its financial stsiemenis for the ye4r ended J l March 2023 in a¢¢ordat)ce i¥ith Seciion 476 of Ihe Companies Aa 20(. The tru¢¢$ &knoivledgc iheir responsibilities for {al ensuring Ihal Ihc ¢haritabl¢ cotnpHny ketps acciiunlirtg retords ihai comply with se10ns 386 and 387 of Ihe Companies Aci 2006 and preparins financial uaiemenis ivhich giv¢ a truc and fair vi¢4v of the slai¢ of aifaits ofihc chartlable company as &1 Iht end of each financial yeur and of its Surplus or defieir for cach fLnantial ytsr in ¥toidanct iyiih Ihe requireincnis ofseciions 394 and 395 and which otherwise comply with ih¢ requirernts of th¢ Compani¢$ Ad 26 r¢laiiDg io fiiiÈiicial $i¢Ments, SO far as applicabl¢ to Ihc tharitsble cornpany. (b) The noies fom) part ofthcse fJDan¢ial siawnen Page 9 Conlinued...
ST. CUTHBERT'S ENTRE A COMPANY LIMITED riy GUARANTEE REGI TERED NUMBER: 02S10482 BALAN 31 hlAr E SHEET- eoniithued h 2023 These rtn8ncial Malcmeots have been prcpaT¢d in arrordance iyiih the pmvisi(s applicabl¢ 10 chariiablc compani¢5 5ubj¢u 10 th¢ smo11 ¢ompanies regime. Sep 15. 2023 The financial 5taiern¢nts ivtse approv¢d by the B03rd of Tryst5 and authorised for issue on .................. Sl81)ed on ils behalf by". and wert 14WP¥KFf5¢PJ5.2014 lOTL Ri¢hird J I Park¢r- Trus¢ Juliu5 M Bottino- Tru51e¢ Thc n01¢5 fwm pan of Ihese financial sr*ements PaÈc 10
T. CUTHBERT'S CENTRE COMPANY LIMITED BY ARANTEE ASH FLOW STATEMENT for the Ytar Ended JI March 2023 31.3.23 31.3.22 Notes CAsh flows from operacing attivitie5 C8sh g¢n¢raied from oprraiions Nei wh provided by OPCf31ing allivilics Cash flows from illvuiing activities Pur¢has¢ of tangibl¢ fixed asscts Puf¢hase of fixcd assct IllVCSltnents Interest received {22.446) 1,956 cash {uscd inyprovided by investsng xtivilies 14.588 Change in cash and cash cquivaltnts in thc rtporling ptriod Co$h Rnd cosh ¢quiv*lents It th¢ btginhing of th¢ r¢p•rting p¢riod 12J97 42.683 455 869 413 184 Cg$h ind ¢95h oquivxlents At the tnd of the rcportithg ptriod 468.266 455.869 The noies form part of Ihcse financial 51aiements Page I
ST. CUTHRERT'S CENTRE OMPANY LIMITED BY GUARANTEE NOTESTOTHE CASH FLOW STATEMENT for the Ytar Ended J I MArch 202J RECONCILIATiof4 OF NET INCOMEI{EXPENDITUREI TO NET CASH FLOW FROM OPERITINC ACTIVITIES 31.3.23 31.3.22 N¢t in¢om¢ll¢ApeAditurt) for the rtportihg pttTrod las per the Ststememt of FinAntial Activitits) Adjustments for- DtprtC121ion thargt5 Interest received Decre1{1ncf¢) in d¢blors (tkcreYIncrc In crediiors 55. IIY8 {12,745) ,578 {7.859) 61.177 3.478 11.9561 {90,834) 142.786 Net cash provided by op¢rations 26.985 ANALYSISOFCHANCKS IN NET FUNI)S Ai 1.4_22 Cash floiv Al 31.3.23 r4tt r83h C&%h ai bank and in hand 12.397 455.869 12.397 Tot1 468 266 Thc notes Forrn part of th¢5¢ fiiiancial.¥iemeThis Pag¢ 12
ST. CUTH8ERT'S cFwfR OMPANY LIMITFt) Iiy c ARAP4TE NOTES TOTHE FINANCIAL TATEMENTS f r the Year Ended 31 Mar h 202J ACCOUNTING POLICIES BHsi5 olprtp¥ring tht financial stttmtnts Ind ssessrntnt of going ttsncer The financial staiemenLS of iht £haritsblc company. which is 2 public knefil eniiiy under FRS 102. have bttn pr¢par¢d i aceordancc %viih ihc Charilits SORP IFRS 1021 'Accouniing and Reporting by Chariiies.. Siaiemenl of Recommcndcd Praciite applicable io charities prcparing iheir accounts in accor4Jance wsth th¢ Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) (etTeciive l January 20191.. Financial Reporting Standard 102 'The Fin8n¢ial Reporting Standard applicable in the UK and Republlc of irelan(r and the Companles Aci 2006. The financial 519l¢nienlS have bcen preped ursder Ihc hbmorl1 co& ronveniion. wilh thc exceplbOD of InvesentS whith w¢ included a¢ rTh)rk¢t value. The Trus¢tts con5id¢r that ihcre ar¢ Do maierial l31n11¢5 aiKM]t the charitys ability to rontinue as a gDinB ctsncern. The fin¢ial SmentS ar¢ Fwtnied in sterling (£1. Critical zccounting judgtmenls and kty sourcu o(estim*tio# uncerlAithty IR prtpa¥ift8 fjnaftcial slements il 15 nece55ary 10 make cenain Jvdg¢m¢nrs. lal¢d and tssumpLions thot 8ffe¢i th¢ amounts recognised io lh¢ financial 5w¢m¢nrs. The following judgem¢n¢5 atLd ¢aimates ar¢ ronsideTed by Iht trusitts 10 havc mosi Significant effcc¢ on amoun15 r¢cognised in the financial Stsl¢m¢nl> Useful e¢onomi¢ life of iangible fLxed awts= The annual dcpreciaijon char8t for thngiblc a55tis is sensilive chat)8es in Ihe cs¢¢ma¢d useful economic Iivc5 and residual values of thc asseL%. The uscful economic lives and residual values are rea5se5sed aDnvally. They #r¢ amEndcd ivhtn necessary 10 refleci curreni esiimaies based Lcchnological advceMen1. future inVe$imen cwnotni¢ uiilisaiion and Ihe physi¢al condition of iht a55¢ts. Grants donThtlOflS Income from gianis and donations is brought inio th¢ accounts i¥he r¢cciv¢d unless li r¢laLC$ 10 expendilurc after Ilit balance 5h¢ct date iyhcn li is carricd forward as dcfcrred incorrt. Incomc from granis and donaiions Is crcdiltd 10 Ihc 8ccumulal¢d fund unless resrri¢i¢d by the dojwrs io speeifjc wrse$. Surplus Nei incomt may also be Iransfcrrcd 10 and from a G¢neral Resetye * the disctetion ofthe Trustrts. Exptnditure Liabililies are rteolstd as expendtDJre as &5 there 15 a Icgal or COnru1¥¢ obligaii¢Jo commiiting th¢ ¢hJrity 10 tha¢ expendlture, Il is probabl¢ that a trdn5fer of ¢conomic bcn¢fJts ivill be required in 5¢1tlement and ih¢ ajnounl ofihe obli8aiion can be measured rtltably. Expendiiiif¢ Is accounitd for on an accruals basis and has been cla55ifi¢d undtr headings Ihtti aggrc8ate 811 c051 relad 10 Ihc category. Whert co5 canTroi b¢ direcily 8nribu¢tsl 10 par(icular headings Ihey have been Ilordied to aciiviti¢s on # basi5 consist1 with Ihe use of r¢sOur¢. T#ngiblt fixcd J55tts FumitUTe and equipment Is Lin off ovcr a 10 year periTrJ on a 5rraighi line ba5i5. On 1510. if the rosi or riyed asse is covcrtd by specific donations durin8 Ihc y¢3r. gjch fixed a55¢ts may bc fully UPEnwÉ during lh¢ relevanl ycaT. V8lue added t¥ Value added bome is in¢luded with the rel1ve expense OT ass and is noi shown scparniely. Debtors Trade and oiher debiors #re recognised al th¢ sailcmcnr thounL Prepaym¢n¢s ore valutd at ihe prtpaid. C¥$h at bank tsnd in htsnd Cash at bank 2nd in hand in¢ludes c&%h. curreni bank accounts and de11 bank accounis with no iviihdrawal limitaiions. Crtditor$ Crediiors arc recognksed ivher¢ then ¢harity has a preseni obligaiim resulting from a past eveni that ivill resulr in Ihe Itartsftr of funds 10 a thitd party and ih¢ arnounl due to wile the obli8aiion can be measurtd or ¢siirnated rcliabl>'. Crtdiiors afc recogni5ed at Ihcir srltlemerLt amount. Fund ¥ccoun11112 Unrcsiri¢lcd funds cat) bc usrd in accordancc with the chariiabk obj-eciiycs ai the discretion ofthe irv51ee5. Restricted funds can only be ustsl for particular restritied Pufposes within th¢ obje¢ts of the charity- ReStriClions 8rise ivhen specified by the donor or whe# furtds are raised for particular restricied putPOS¢S. Further explanation of the nature and pu4xJse of ea¢h furtd is included in the notes io the finantial yaitsnenis. Page 13 ontinued...
ST. UTIIBERT'S CENTR A COMPANY LIMITED IIY GUARANTEE NOTE TO THt FINANCIAL STATEMEN for the Ytgr Endod l March 202 ONtinutd ACCOUNTING POLICILS- tohlinued Pension tosts arbd oth¢r post-re¢ir¢mwJt b¢n*fits The chariiable company operd1 a defined contribuiion pension scheme. Conlribulions payable 10 Iht ¢hariiable company's p¢nsion xheme ar¢ ¢harged ¢0 ih¢ Siaiemerti of Finan¢ial A¢iivilits In the n(Al 10 ivhich Ihcy rtlaie. Financial instruments Thc charity only has financial asseis and financial liabililits of a kind th81 quallfy as b&%ic financial inmrumenls. Bagi financial inSErumenis are initially senled ar Irar¢(lon valve and subscquenily rn¢asur¢d ai iheir settltment value wilh th¢ excepiton of bank loans which 8tr subsequcnily measured w 8ffloniseLI cou ustng lh¢ ¢ffeciiv¢ iRi¢r¢si mcihod. DONATIONS AND LEGACI£S 31.3.23 31.3.22 General dOnl0S Grants 233.180 252.422 146,708 220,040 485.602 360.748 Grts received, in¢luded in Ihc ibov¢, are &$ follows.. 31 3.23 31.3.22 Bane Foundatioth City Brid8e I City of Londw) Drapers Charitable Fund February Fondation Fon.¢tr Family Trusi Fr¢n¢h Hugu¢not Church Garfield Weston Foundaiion Hollick Family Trusi Lloyds Bank Foundation Sirand Parish¢5 Trust The Albert Hunt Trust The Armour¢rs & OrlerS. Company The Julia and Hans Rausin8 Ttusi The Kensington and Chclsca Founda¢ion The Royal J3orough of Kcrtsington & Chelsea The Worshipful Company ofinsurtrs World Widt Wings Orher granis <£lO.QOO 10,0 28,710 15.0(KJ 15,000 5,IX)O 4,625 i,Ix)O 30.000 lQ.O(KJ 30,000 32,375 30,OCX) 10.000 2,2iO 6.000 7.1)00 2.500 14.3(M) 26,5 46.787 20,000 17,500 59.215 1,500 252 422 220 040 INvEMENT INCOME 31.3.23 31.3.21 Dtposil account inierest 7.859 Page 14 Continued...
ST. CUTFIBF.RT'S CENTRE A COMPANY LIMITED NOTES TO THE FINAf4ciAL sfATEMENT for thE YeRr Endod 31 M8r¢h 2023 continued INCOME FROM CHARITABLE ACTIVITIFS 31.3.23 31.3.22 Activity Hall Icttings #ryt events Hall Icttings 94.431 57,132 RIISIP4C FUTrIDS Raising dtsnation5 and legtits 31.3.23 JlJ.22 rundraising cosis 15,502 9.361 Cost ofevtnts 31.3.23 31.3.22 Sloff ¢osts Eveni ¢xperts¢s 9,730 376 3,383 8.108 Aggregate amounls 25.608 CTrIARITABLE AcfiviTIES coKrs Supwrt costs (see noie 7) Dir¢ct Coms TalS Social Work arld Mcal Piovision 490 530 507 176 SUPPORT COSTS GoVLrnCC C05l5 rinance Tll1$ Social Work and Meal Provision 5LYJ NET INCOMEI(UPENDITURE) Nti incomelltxpcrkliiurcl 15 Mad aftcr char8ingl(creditin81'. 31.3.23 31.3.22 Deprecialion - oivned #t$ Independ¢ni examiners f¢¢ 1,578 2.160 3,478 Pag¢ 15 oDii•ued...
T. CUTHBERT'S CENTRE A COMPANY LIMITED BY GUARANTE NOTE TOTHE FI ANCIAL STA ror tlit Year Endtd 31 Marth 2023 ton in TRUSTEES. REMUNERA TION AND BENEFITS There werr no (ruyeeg retnurteration or oihcr rI15 for thc yt4r 31 Mareh 2023 nor for thr ycar end¢d 31 March 2022. Trustte$' expenses There ivere no expense5 paid for the ye8r ended 31 March 2023 nor for t1 ycar ended 31 Marth 2022. Key rn¥n¥g¢rn¢nt per$oDpel TtLe key managerD¢ni of personrtl of the thariLy, comprise the trus(ee& CEO and H¢ad of Operaiion5. The ithal r¢inuD¢raiion paid to m¢tnb¢ts of the key management of the ¢harily w&$ £84,803 (2022 £78.6151. 10. STAFF COSTS 31.3.23 31.3.22 Wag¢s and salaries Soci81 security costs Other pension c051S 324.365 24.127 19.955 269,176 17.932 368 447 305,872 Thc average monihly number of employ¢e5 ¢Juring thcyear wa5 qs follows.. 31.3.23 10 31.3.22 10 Adminisiraiion, care and caterin8 Starr No cmployce5 rcccived emolumcnts in excexs of £60.c). COMPAIL4TIVES FOR THE ATEMENT OF FINANCIAL ACTIVITIES Unrtmricicd fund5 Rtsiricied futk15 fund5 INCOME AND ENDOIVMENTS FROM Donations and lcgacies 314.136 52,612 366,748 Ch%ritblt AttlVllKts Hall leiiings and ¢v¢rt¢S 57.132 57,132 Tnvesttnent in¢ome Oiher income 1.956 1,956 Total 385 955 438)67 EXPENDITURE ON Raising fvnds 17,469 17,469 Ch2rit£ble ¢ti¥ilies Social W0- and Mtal Provisi 368 234 433 843 TtstAI 385 703 65.609 NET INCOMEIIEXPENDITURE) 252 {12.997) {12,745} RECONCILIATJON OF FUNDS Toial funds brtyjghi forward 382,377 19,4 401.777 Page 16 ¢ontiBued...
T CUTFIBERT'S CENTRE OMPAYY LIMITED BY UARANTEE NOT THE FINAN IAL STA TEMEN for the YeHY Ended 31 Mah 202J COMPARATIVES FOR THI STA TEMENf OF FINAf4CIAL AcfiviTIES- ¢ontinued Unryrid¢d fund5 R¢51rici rynds Toial funds TOTAL FUNDS CARRIED FORWARD 382 629 6.403 389 032 12. DONATED COODS AND SERVICES During the year Ihe Felix Proje donatcd significani amounts of fwd to the eharity. making il possible for Si Culhben's Centre 10 provide meals to beneficiarits. It is noi possible 10 put a mortctary value on thesc items. SJ. TANGIBLE FIXED ASSETS Fixlurcs and rillings COST At l April 2022 Additions 46,197 Ai 31 March 2Q23 DEPRECIATION AE l April 2022 Charge fory¢ar 6,397 Al 31 March 2023 NET BOOK VALU Ai 31 March 2023 Al 31 Mar¢h 2022 14. FIXEDASSET INVESTMENTS Shxres in gr0p undertakin8S MARKET VALUE Addiiions NET BOOK VALU At 31 MaT¢h 2023 Ai 31 March 2022 The iv¢i¢ no InveMent assets outsi(k the UK. The company's invesim¢nis ai Ihe balance shed date irt the share eapitsl of compani¢s include ihe follo¥ving.' Rcltttorio Felix Limited Re8iMered office.. 51 Philbcach Garden& London SW5 9EB Class of share.. Ordinary holding 31.3.23 31.3.22 Aggrcgate capii$l •nd rescrycs Profil for ih¢ year 7.320 Pag¢ 17 conlinucd...
T. CUTHIIERT'S CENTRE A COMPANY LIMITEI) IIY GUARANTEE TES TO THE FINANCIAL TATEMENTS- c for tht YtAr Ended 31 MArth 2023 inu 15. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other debtors Refeiiorio Felix Ltd Prcpaymenis and accn*d irtcome Accrucd income 10,429 1,854 3,333 90,682 30.607 16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 VAT Other ¢rediiors Deposils D¢f¢tred income A¢crued expenses 3.053 4.610 4,500 782 7,7iO 126,368 75,602 158.621 17. MOVEMENT IN FUNDS At 1.4.22 moveineni in funds 31.3.23 Unrestricted funds General fu1 381629 55.468 438.(Y)7 R¢5trictcd funds Bathroom Upgrade Flai Rtfurbishmeni Samariian5- Ein¢rgcn¢y AssiMaF 3.976 2.067 360 3,976 2,067 1360 360 6.043 TOTAL FUNDS 389.032 i5.108 444.140 Nei movemenr in funds. included in th¢ abo¥¢ aTe as folloivs-. IncornsDg resourtss Resourct5 expended Movement in funds Unrestrict¢d funds Gcneral fund 50&730 {453,262} 55.468 Re5trictcd fundj Menlcil H¢#lih Work Op¢ration21 Manager Salary Simari(ans- EmerBency Assisiance 46.787 32,375 {46.787} 132,375) 360 79.162 360 TOTAL FUNDS 587 892 532 784 Pa8e 18 eoniifftu¢d...
T. CUTHBÉRr' CENTRE A COMPANY LIMITED BY G ARANTEE NOT TH& FINANCIAL STATEMEN ftsr the YeAr Endtd 31 Mar£h 2023 17. MOVEMENT IN FUNDS-contith¥ed Comp4ratiV¢5 for movtmtnt in funds We¢ mov¢m¢nt in fund5 Al 31.3.22 1.4.21 Unrt5tri¢ttd funds General fund 182,377 252 382,629 Restricted futhds Baihroom Upgrade Flat Refurbishment Samaritans- Etntrgency Assisthnce {1,024) 112.333) 3.976 2.067 J60 14.41KI TOTAL FUNDS 401,777 12,745) 389 032 Comparative net movcrn¢ni in futLd5. included in thc #iKTrv¢ arc w5 folloivs= Incoming r¢sourtts R¢5ources cxpcnded Mtsvetneni in fund5 Unrt5tricted funds General fund 385,955 1385.703) 252 Restricted funds Mtnial Htalih Work Bathrootn Upgrade Flat Refurbishtnenl Operational Manager Salary Samariians- Emer8¢ncy A55$SCe 46.787 (46.787) 11.024) 112,3331 14.625) 11.024) 112,333) 4,625 I.zIM) 360 52.612 6),609 TOTAL FUNDS 438.567 451.312) 127451 A curreni year 12 mmihs and prior year 12 months combined ]xJsiiion is as ftslloivs.. Nei movemcmi Ai 1.4.21 At 31.3.23 Unrtstri<ttd (und$ General fund 382,377 5).720 438.097 Restricted funds Baihroorn Upgrade Flai Rcfurbi5hmenl (1.0241 12 3331 3.976 13.357 6.043 TOTAL FUNDS 401 777 444 140 Page 19 ¢oniirtued...
ST. CUTHRERT'S CKNTRE OMPANY LIMITED BY GUARANTEE NOTE TO TH8 FINANCIAL ATEMENTs- Contined fthr ihe Year gnded 31 Mxrth 2023 17. MOVEMENT IN FUNDS- rontinued A current ycar 12 monlh5 and wiorycar 12 monlh5 combined n¢t mov¢rn¢nl in [ndS iDcludcd in ihe oiM)v¥ aye as folloivs." Inwming resources Resources Cxpcnded Movem¢n¢ in fund5 Unrestritted funds General fund 894,685 1838,9651 55,720 Re5tri¢ted funds Menial Healih Wotk BathToom Upgrad¢ Flai Refurbishtntni Operaiional Manager Salary Samariian5- Emergency Assi51anc¢ 93.574 (93.5741 11.0241 {12,3331 {37,0001 1.2001 11.0241 {12,3331 37,(KK) 131.774 TOTAL FUNDS 1 026.459 984.0961 Descriptions Meniil Htalih Work Funds %vere givcn by the Bi-BoTotsgh Inie8raied Commissionin8 {RBKC & Westmin51cr) for MLniBI 14ealth Work whieh paid for (he ulary of a dedlcaicd, qualified 5ciall 10 ls1 our guesr5 a5 P&rt of Ihc Lli-BoTOU8h's wid¢r tommunily meni81 h¢alth services delivery 5trniegy. This a150 covers $1 of adfflinisiraiifftg th¢ rolc. B4throom Upgrade Funds were Teccived from Screivfix sp¢rifirally 10 UP8rnd¢ Ihe bathrnom and laundry f8cililics 10 give our gue51s a beti expeiienee and io b¢ lirte wilh pr¢vailin8 pradice. Fl¥t Refyrbishmenl Funds were receivcd from Ihe K&C Foundation sp¢¢ifi¢ally 10 refurbith the pmpeny adjaccrti io Iht hall ivhich will allo th¢ Charity 10 ¢xpand Ihe provision of1 iyellness athd men1 healih servbce5 through dedicaicd and priv¢ room& SAmritans Em¢rgen¢y As51Stance Monies were received from the SaTnariian5 for 5m&ll ad ca5tL paym¢nlS to gu¢sts forcttKrg¢ncy situaiioD& 18. CAPITAL COMMITMENTS At 31 March 2023, lh¢ company had th¢ followins Commith(s= Contracts for future capital expeThditure not provided for in th¢ finAci¥l 51attm¢Trts Equipment Properly. PIAnt and The company hlls the following future minimum TtLII paymcnts for Ihc hall ¥nd¢r non car¢cllabl¢ l¢a5C5. subjcGt to break ¢lause4 for each of Ihe following pcriods.. 2023 2022 Not laier than one year L8*r ihan on¢ y¢ar and not laier than fLVt ye4is 40.IK)O 40,000 The corytpgny had no other orr-Wan(¢ sheet Wrnlgemertts Page 20 CODlinued...
ST. UTHR£RT'S gNTR£ OMPANY LIMITED BY GUAIiA TEE NOTE THE FINANCWAI. sfA TEM£NTS- tolltinutd ror the YeAr Ended JI March 2023 19. RELATED PARTY DISC[sURE$ SCC eniertd an a8rccmeni with T.A.L.K Partneiship Ltd rfALK") ro provide C4Mnmtsniiy tngagemeni ¢onsulian¢y serviees artd advice part of ihe wider fundraising siraiegy 10 engagc wilh local 5UPPOrter5. This ivas ¢tT¢¢tiv¢ frorn l April 2020 and Ihe fee payable wa5 £5(M) mrmih. Thi5 amoun( wa5 ¢ncr¢a5¢d its £l.OW per rnonih fTom 19 May 2020 i¥hen the rVIceS were expanded lo include ivider communicaiion5, markcling and public relations. Mr. Alisiair Kingsley. CEO Ind member of kcy TDanag¢Tn¢nl per%mnel for SCQ is a di¢10[ 2tKI shareholder of TALK. Thc agre¢m¢ni can bc ierminaied by eiih¢r pxrty iviih I tnonth¥ noiit 20. GUARANTEE STATUS The company is limiicd by guwanitt and ha5 no Share copithl. Thue Ivere 9 mernber5 ai 31 March 2023 12022 101. Evcry member ofthe company undertak¢s ro contribut¢ In amount not u¢¢eding £1 10 ihe OWAS of Ihc eomparty in Ihe evcnt of li b¢ing wound up. Pa8c21