A survivor of the Second World War, it had fallen into disrepair by the 1960s and closed down, remaining empty for a decade. In the 1970s, local groups came together to look at what could be done for Waterloo, and took on the centre on a peppercorn rent. A community charity, Waterloo Action Centre, eventually took over the management of the premises and the Centre was born.
Nowadays, there is a full calendar of events at the centre, including Samba classes with the London School of Samba, line dancing, Tai Chi, Pilates, art classes, a Rock Club, church services, and even legal advice and advice on healthy eating. If you're at a loose end they're even looking for volunteers.
For more on the centre, see http://www.waterlooactioncentre.co.uk/.