LONDON LGBT COMMUNITY PRIDE C.I.C.

Company limited by guarantee

Company Registration Number:
08321669 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2019

Period of accounts

Start date: 1 January 2019

End date: 31 December 2019

LONDON LGBT COMMUNITY PRIDE C.I.C.

Contents of the Financial Statements

for the Period Ended 31 December 2019

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

LONDON LGBT COMMUNITY PRIDE C.I.C.

Directors' report period ended 31 December 2019

The directors present their report with the financial statements of the company for the period ended 31 December 2019

Directors

The directors shown below have held office during the whole of the period from
1 January 2019 to 31 December 2019

Alison Camps
Christopher Joell-deShields
Siobhan Linard
Michael Salter-Church
Abigail Chicken
Simon Jones


The director shown below has held office during the period of
1 January 2019 to 9 November 2019

David Bloomfield


The director shown below has held office during the period of
1 January 2019 to 30 September 2019

Asad Dhunna


The director shown below has held office during the period of
9 November 2019 to 31 December 2019

Rhammel Afflick-O'Dwyer


The director shown below has held office during the period of
7 October 2019 to 31 December 2019

Mufseen Miah


The director shown below has held office during the period of
4 February 2019 to 31 December 2019

Daniel O'Gorman


The director shown below has held office during the period of
11 January 2019 to 31 December 2019

Tom Stevens


Secretary Matthew Kent

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
24 July 2020

And signed on behalf of the board by:
Name: Mufseen Miah
Status: Director

LONDON LGBT COMMUNITY PRIDE C.I.C.

Profit And Loss Account

for the Period Ended 31 December 2019

2019 2018


£

£
Turnover: 1,379,587 1,275,707
Cost of sales: ( 1,042,147 ) ( 875,372 )
Gross profit(or loss): 337,440 400,335
Administrative expenses: ( 308,071 ) ( 255,135 )
Operating profit(or loss): 29,369 145,200
Interest receivable and similar income: 414
Interest payable and similar charges: ( 6 ) ( 22 )
Profit(or loss) before tax: 29,777 145,178
Tax: ( 6,800 ) ( 28,780 )
Profit(or loss) for the financial year: 22,977 116,398

LONDON LGBT COMMUNITY PRIDE C.I.C.

Balance sheet

As at 31 December 2019

Notes 2019 2018


£

£
Fixed assets
Intangible assets: 3 0 157
Tangible assets: 4 0 1,664
Investments: 5 1 1
Total fixed assets: 1 1,822
Current assets
Debtors: 6 288,617 56,360
Cash at bank and in hand: 346,394 319,594
Total current assets: 635,011 375,954
Creditors: amounts falling due within one year: 7 ( 424,256 ) ( 189,997 )
Net current assets (liabilities): 210,755 185,957
Total assets less current liabilities: 210,756 187,779
Total net assets (liabilities): 210,756 187,779
Members' funds
Profit and loss account: 210,756 187,779
Total members' funds: 210,756 187,779

The notes form part of these financial statements

LONDON LGBT COMMUNITY PRIDE C.I.C.

Balance sheet statements

For the year ending 31 December 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 24 July 2020
and signed on behalf of the board by:

Name: Mufseen Miah
Status: Director

The notes form part of these financial statements

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    TurnoverRevenue consists of grants, sponsorship, fundraising events and revenue generated from ticketing, stalls, advertising andconcession stand on the Pride day.Revenue is recognised in the period in which the company has an entitlement to the revenue and the amount can be measuredreliably and it is probable that the income will be received. Revenue is deferred only when the company has to fulfill conditionsbefore becoming entitled to it or where the funder has specified that the revenue is to be expended in a future accountingperiod.

    Tangible fixed assets depreciation policy

    Tangible fixed assets and depreciationTangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulatedimpairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location andcondition necessary for it to be capable of operating in the manner intended by management.Depreciation is provided on the following basis:Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using thestraight-line method.Plant & machinery 25% on reducing valueComputer equipment 25% on reducing value

    Intangible fixed assets amortisation policy

    Intangible fixed assetsIntangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at costless any accumulated amortisation and any accumulated impairment losses.All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the usefullife shall not exceed ten years.The estimated useful life range as followsWebsite design - 10 years

    Other accounting policies

    Accounting policiesThe principal accounting policies adopted in the preparation of the financial statements are set out below and have remainedunchanged from the previous year, and also have been consistently applied within the same accounts.Basis of preparationThe financial statements have been prepared under the historical cost convention unless otherwise specified within theseaccounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standardapplicable in the UK and the Republic of Ireland and the Companies act 2006.Going concernThe directors of the Company have assessed impact of COVID-19 on the operations and finances of the Company. The 2020Pride event has been postponed until 2021 with the confirmed funding carried forward and the Company has securedadditional funding to meet its running costs for 2020. Costs for 2020 have also been reduced due to the postponement of theevent and the Company also has adequate reserves brought forward from previous years. The directors are thereforeconfident that the Company will be able to meet its obligations for at least twelve months from the date of approval of thesefinancial statements and the accounts are accordingly prepared on the going concern basis.Presentation currencyThe accounts are presented in £ sterling.

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

  • 2. Employees

    2019 2018
    Average number of employees during the period 2 2

    Pension costsThe company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under whichthe company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no furtherpayment obligations.The contributions are recognised as an expense in the Statement of Comprehensive Income when they fall due. Amounts notpaid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately fromthe company in independently administered funds.

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2019 425 0 425
Additions 0 0 0
Disposals ( 425 ) 0 ( 425 )
Revaluations 0 0 0
Transfers 0 0 0
At 31 December 2019 0 0 0
Amortisation
At 1 January 2019 268 0 268
Charge for year 42 0 42
On disposals ( 310 ) 0 ( 310 )
Other adjustments 0 0 0
At 31 December 2019 0 0 0
Net book value
At 31 December 2019 0 0 0
At 31 December 2018 157 0 157

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2019 4,261 400 4,661
Additions
Disposals ( 4,261 ) ( 400 ) ( 4,661 )
Revaluations
Transfers
At 31 December 2019 0 0 0
Depreciation
At 1 January 2019 2,766 231 2,997
Charge for year 371 42 413
On disposals ( 3,137 ) ( 273 ) ( 3,410 )
Other adjustments
At 31 December 2019 0 0 0
Net book value
At 31 December 2019 0 0 0
At 31 December 2018 1,495 169 1,664

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

5. Fixed assets investments note

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

6. Debtors

2019 2018
£ £
Trade debtors 282,934 41,535
Prepayments and accrued income 5,683 14,825
Total 288,617 56,360

LONDON LGBT COMMUNITY PRIDE C.I.C.

Notes to the Financial Statements

for the Period Ended 31 December 2019

7. Creditors: amounts falling due within one year note

2019 2018
£ £
Trade creditors 132,910 5,646
Taxation and social security 32,121 45,767
Accruals and deferred income 256,435 136,950
Other creditors 2,790 1,634
Total 424,256 189,997

COMMUNITY INTEREST ANNUAL REPORT

LONDON LGBT COMMUNITY PRIDE C.I.C.

Company Number: 08321669 (England and Wales)

Year Ending: 31 December 2019

Company activities and impact

Pride in London is one of the largest pride events in the world – and is unique amongst the largest for being run by volunteers , we are also the largest free Pride in the UK.We start each year with the same challenges and needs: for incredibly detailed operational plans that will keep everyone safe, whilst also closing Europe’s busiest shopping streets; funding to stage London’s third largest annual one day event and recruiting a team of dedicated and passionatevolunteers to make the magic happen. Over the past year we have committed to:-To enhance the visibility of LGBT+ youth in the parade-Increase the visibility of Black, Asian and Minority Ethnic LGBT+ within the Pride sphere, including the creation of new world area- maintain the Gold Accreditation, awarded by Attitude is Everything for ensuring that people with disabilities have equal access and equal participation in the Pride Parade and other events happening on PrideSaturday.- increasing the diversity of the Pride in London volunteers- running a safe, inclusive, parade that celebrates and protests our community and causes- have a 2 week Pride festival leading up to the Pride Saturday

Consultation with stakeholders

The organisations stakeholders include:- the community (including those who identify as LGBT+ and our allies)- our volunteers (over 150 year round plus the 1000+ on the day)- the community organisations and sponsors that pay to participate- the businesses and residents that we impact on the day- local government, emergency services (etc) that work with us throughout the year to plan and run the event.Pride in London has an independent Community Advisory Board to provide representation from the LGBT+ community. An annual 'impact report' is produced that includes the headline responses from our survey of the day.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
24 July 2020

And signed on behalf of the board by:
Name: Mufseen Miah
Status: Director