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2025-03-31-accounts

Annual Report and Financial Statements Year Ended 31 March 2025

Training Link

(A company limited by guarantee)

Charity number 1051662 Company number 03142188

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CONTENTS:

LEGAL AND ADMINISTRATIVE DETAILS 3
ABOUT TRAINING LINK 3
REPORT OF THE TRUSTEES AND MANAGEMENT COMMITTEE 4
-Chair’s Report – Millicent Christan
-Director’s Report – Tanya Buynovskaya
-Financial Overview
-Projects and ESOL reports
-Advice Work
-Digital Learning and IT Drop-in sessions
-Green Learning Project
ACKNOWLEDGEMENTS AND THANKS 9

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LEGAL AND ADMINISTRATIVE DETAILS

Training Link Ltd

Registered Office: 54-56 Phoenix Road, London NW1 1ES

Charity Registration Number: 1051662 Registered Company Number (England & Wales): 03142188

Telephone: 020 7383 5405 / Email: director@traininglink.org.uk Website: www.traininglink.org.uk

The Trustees confirm that they have taken into account the Charity Commission’s general guidance on public benefit when reviewing Training Link’s aims and objectives and in planning future activities.

Independent Examiner: John Lambourne FCA, Latham Lambourne Ltd, 18 Woodlands Park, Bexley, Kent DA5 2EL

Bank: Lloyds Bank plc, 25 Gresham Street, London, EC2V 7HN

Management Committee & Trustees

Trustees: Brenda Goring Moore (Chair), Millicent Christian, Dr Elaine Arnold OBE, Kathleen Hayes (Treasurer), Paul Tomlinson.

Management Commitee: Millicent Christian (Chair), Brenda Goring Moore, Elaine Arnold, Kathleen Hayes (Treasurer), Maya Alva, Elizabeth Ajith, Frances Connelly, Larlan Davis, Tracey Hamilton, Paul Tomlinson

The company’s Directors are also the charity’s Trustees.

About Training Link and Somers Town

Training Link has been providing basic skills learning for residents in Somers Town and wider Camden for 40 years. Somers Town and Kings Cross are home to the highest number of borough households experiencing food poverty, some of the highest concentrations of households with incomes below £20,000 and higher concentrations of individuals receiving unemployment benefits, income support and universal credit. 18% of our local residents, including BAME women and older learners, have no qualifications. 2020 Ward Analyses indicate higher-than-average receipt of Disability Living Allowances, Incapacity Benefits and Severe Disablement support in the local community.

Our easily accessible learning centre is based at the heart of Somers Town, just a short walking distance from Euston and St Pancras stations. We offer a friendly place for residents to get out of the house, connect with the local community, learn new skills and share their learning, improve their employment skills and meet new friends. Services are facilitated by staff, volunteers and Management Committee members with experiences reflecting those of service-users and extensive grass-root networks. We also receive support from more than 20 volunteers, who teach English in a one-to-one setting either at the centre or in a local public space, as well as online.

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REPORT OF THE TRUSTEES AND MANAGEMENT COMMITTEE

CHAIR’S REPORT

Welcome to Training Link’s 2024–2025 Annual Report !

It was another successful year for Training Link, there is no doubt that there is a demand for our services.

This year is a momentous one for us as we approach our 40th year of operation. Even as we look back, we want very much to focus on the future. So, we have embarked on a review and renewal programme. We have been taking every opportunity for focused conversations, and especially in our “Renew TL” workshop exchanges, seizing chances to air views and ideas on opportunities as well as challenges ahead.

A key task has been a relook at our offer to test and ensure it remains fit for purpose; to ensure that it continues to meet the needs of our learners and service users in a changing environment. We reexamined our aims and objectives, along with our values and culture. Our governance check included self-assessment and skills audit resulting in planned action to recruit.

We also took the opportunity to look again at our stakeholders, allies and supporters and how we could work better together to tackle our challenges. The work continued as we sought and listened to feedback from learners, staff, volunteers, trustees’ members and others. Indeed, it continues.

An important achievement this year has been a re-evaluation of our on-and-offline presence resulting in a rebranding for the first time in some years. That was vital as so often now many of our users pick us up virtually and not just through face-to-face drop-in sessions. It is a reminder that TL, as WTL, small as it was started as one of the key organisations in the area empowering the community especially women and older people in developing the ‘new technology’ skill set.

Training Link continues to provide face-to-face IT tuition and support, especially for older people and others who need the skills to deal with our increasingly on-line world. To help those who may not have access to computers and need help with online applications. The offer continues to include Drop-in sessions - helpful for demonstration including making most of phone use; sign posting to other more appropriate providers. ESOL classes, English Discussion Groups, well as accredited Online courses, continue including Camden Community learning offer.

We continue to work in partnerships with other local community groups, Camden Council and the Somers Town Big Local and Living Centre. I especially extended heartfelt thanks to all our funders who enable us to carry on our vital work. And to our learners and their families whose learning outcome makes our community, residents, business and other organisations around us such a vibrant diverse community.

We are grateful that all our staff and volunteers who use their knowledge and skills in delivering quality training.

I extend my gratitude to every individual the Director, Trustees, Committee Members, ESOL Tutors, Advisors, Operational Manager, Volunteers, Green Project Co-ordinator and office cleaner.

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Thank you all for your hard work and dedication in support of TL in reaching such a milestone. May good work continue into the future.

Millicent Christian

On behalf of the Board of Trustees and the Management Committee Training Link 13 November 2025

DIRECTOR’S REPORT

FINANCIAL OVERVIEW

Total income in the financial year 2024-2025 was £ 91,298 , representing an increase from £71,352 in 2023-2024. Total expenditure amounted to £101,570 , also an increase from £61,916 in 20232024.

Our income had increased compared with the previous year thanks to grants from Fizdale Trust, Camden Community Partner Fund, British Library, Somers Town Future Neighborhoods Grant, Somers Town Big Local, Camden Giving, Awards for All National Lottery Fund and Frances Crick Institute.

OUR IMPACT DURING THE YEAR

During the year, Training Link expanded its reach, engaging over 220 new learners across a diverse range of educational programs including ESOL, digital literacy, maths, employability, and financial literacy . A substantial majority of our learners were women (over 65%) and those for whom English is a second language (74%) . We maintained a critical focus on supporting those furthest from the job market, with 62% of learners being out of work . Geographically, our impact remained concentrated in Camden, with the majority of our learners residing in Camden, and at least 25% specifically from the St Pancras and Somers Town ward .

We delivered a comprehensive weekly schedule designed to address key skills gaps and community needs, including:

Advice, Advocacy, and Community Support

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Our advice and advocacy services continued to provide essential, individualized support to the community, assisting over 60 people through regular sessions. This included successfully assisting over 20 clients through the complex Windrush Scheme process and supporting over 40 people with general advice related to benefits, e-visas, and other critical needs, ensuring stability and access to entitlements.

Strategic Development and New Initiatives

This year marked the successful pilot launch of our new Green Learning Project . This initiative introduced regular green workshops focused on climate education and environmental awareness, with more than 50 learners attending at least one Green Learning session . This successful pilot represents a new direction in integrating wider community and global issues into our curriculum. Furthermore, this year Training Link began the process of rebranding and preparations for our 40th anniversary celebrations scheduled for September 2025.

Key Impact and Achievements:

Plans for the future

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TRAINING LINK PROJECTS AND ACTIVITIES

These are the reports from staff and tutors responsible for our programmes.

ESOL classes, Adult Literacy Project and Online Vocatonal Courses

Chris Carr, our ESOL Tutor and Project Coordinator, continued to teach most of the English classes at Training Link during the year. He also was responsible for English Discussion Group, Adult Literacy project and Online Vocational Courses. He does not only teaches but also interviews volunteers, assesses learners, sets up online courses and deals with the administrative side of many activities at the centre.

Adult Literacy Project

We recruit volunteers to teach English in a 1-1 setting. Most volunteers do face-to-face lessons, either at the centre or in a public space around Somers Town, but some also work online. I interview all the volunteers and offer teaching materials for each learner. I assess each learner, help volunteers to plan the lessons and try to help in whatever area of improving English is needed.

Since the start of the project, we had around 46 volunteers working on the project and I think it’s been a great success. Most volunteers are students from UCL, and the college have told us that we were still the organisation that has the most volunteers recruited through them.

The project reaches out to many different people who may just need extra support while they are doing other classes with us, or those who prefer to learn English away from a whole class setting. It really helps build confidence and offers the volunteer the chance to get hands-on teaching experience and be involved in grassroots community work. A big thank you to all the volunteers!

New English Discussion Group “Tea and Talk” on Thursday morning

In June 2024 we started a new Discussion Group run by our new ESOL Teacher, Shana Bibi, who first joined us as a volunteer and later was offered a paid position. Between June and December 2024, we ran 26 sessions, in total 21 learners registered for this course and attended at least one session.

The aim of this Discussion Group is to give an opportunity for people with low command of English to practice and improve their English-speaking skills in a friendly and safe space, with a cup of tea, without feeling shy or embarrassed. We have learners who have come to London from a number of different countries, including Afghanistan, Ukraine, Bangladesh, China, Columbia, Ethiopia, Eritrea, Jordan, South Sudan, Ecuador, Saudi Arabia, Spain, Turkey and Vietnam.

This is a very inclusive group, and we welcome everyone -local residents, overseas students, migrant workers, refugees and asylum seekers.

Learners’ Progress

Though we do not carry out formal assessments during this group, we monitor the confidence and Please see below two active participation of the learners to measure the impact of the sessions. case studies:

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• I.A, an asylum seeker from Jordan had studied English in his country but struggled to express himself verbally and was quite hesitant when he began attending sessions. He seemed to wait to be corrected or assisted after almost every sentence. After a couple of months attending, he is able to express almost anything he wants and seems much less frightened to speak. His confidence has improved markedly.

• Q.H. is an elderly Vietnamese lady who has lived in the UK for many decades. She managed to get by in her work and family life without needing to speak much English. Having retired, she has a lot of free time and attends the sessions to improve her spoken English. She reads quite well, but has very broken English. At the start, she found it difficult to make herself understood, with her limited vocabulary and grammar. She has come a long way. She is not frightened at all now, to speak, has picked up lots of new vocabulary and is very eager to improve more. She always expresses how much she enjoys the sessions.

Our Advice and Advocacy Services, including Windrush Compensaton Scheme, Benefts appeals and Employment advice

During the year we continued our work in partnership with the We Are Group, helping those in need by removing barriers that prevent them from accessing digital service and government support. We supported We Are Digital clients with Windrush Compensation Scheme claims, benefits appeals and claims and visa / citizenship claims.

During the year we successfully assisted over 20 clients through the complex Windrush Scheme process and supported more than 40 people with general advice related to benefits, e-visas, and other critical needs, ensuring stability and access to entitlements.

Digital Inclusion and IT Drop-in sessions

During the year we continued running the afternoon "Drop-in" sessions on Tuesdays and Thursdays, open to all who want to start learning how to use a computer as well as to those who need to practise for their courses or just improve their computer skills. Once a month we invite Digital Champions from Camden Council Digital Inclusion team to help our learners with any digital support questions or issues.

These sessions provide a safe and informal space for users to attend, no registration is needed. Someone may just pop in for a quick solution to a computer/phone problem or may be looking to learn a particular application skill which may necessitate coming back to continue the learning process. Some sessions are quite relaxed, but others can be a bit hectic depending on the number of people arriving and the type of issues raised.

At these sessions we also help people access the Government website for various services and information e.g. housing, benefits, immigration etc. E.g. we help people access the NHS app either to view and manage their hospital appointments and/or learn how to use an online form to contact their GP, or get an appointment with an optician.

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People also come to TL for a quick job such as printing, photocopying, enquiring about other courses. They are able to read or answer their emails or get the latest news from their home countries. We have leaflets displaying information about classes and events from other organisations and community centres for anyone to see and take.

Camden Adult Community Learning and Digital Skills at Training Link

During the year through our partnership with Camden Adult Community Learning Team, we offered two digital courses at Training Link – 1) Essential Digital Skills and 2) Introduction to Business and Office Administration Level 1. These courses are run by Camden ACL tutors and are always very popular with residents. This year at least 15 people enrolled on these digital courses.

Green Learning Project

During the year we piloted a new Green Learning Project as part of the larger three-year Somers Town Future Neighbourhood project funded by the Greater London Authority and managed by Camden Council. The boroughs of Camden and of Kensington and Chelsea were both funded as a pilot to develop new techniques to improve both environmental awareness and behaviour by individuals and organisations at a local level. Organisations were to make practical improvement such as retrofitting social housing and greening housing estates and streets. Individuals were to be encouraged to make “green” lifestyle changes. The project also aimed to promote closer working together by the statutory services, voluntary sector and individuals to bring about change. This was a three-year project which Training Link joined for the final year.

The project was a brilliant success for Training Link. We were very lucky in having some excellent candidates for the new post of Green Learning Coordinator and we chose Anna Rognaldson with her extensive knowledge of environmental issues and of campaigning and her experience of working with the community at a grass roots level. Anna developed a programme of weekly Green Tuesdays aiming to promote thinking on environmental issues as well as to teach practical skills. She also researched some changes we could make to the office and cleaning products which are better for the health of the cleaner as well as being better for the planet.

We started the first Green session in September 2024, and in the period between September 2024 and March 2025, we ran 22 Green sessions which were attended by 112 people. On average six to eight people attended each session and we now have a dedicated Whats App group which has 52 people. During the period we recruited five volunteers who helped with outreach and publicity, and with running the sessions.

Sessions were on a wide range of topics including:

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ACKNOWLEDGEMENT AND THANKS

The Management Committee and Trustees would like to thank staff, tutors, supporters and dedicated volunteers who invest much time and effort to run classes and advice sessions, develop and implement projects, organise and attend various events in the community on behalf of Training Link.

We also wish to thank partners, whose drive and enthusiasm have continued to bring about the success of our shared activities, particularly Camden Adult Community Learning who run courses on site, University College London Student Union and Camden Centre for Volunteers who signpost volunteers to support our work, Life after Hummus, Somers Town Community Association and the Living Centre, Somers Town Museum, HealthProm, North London NHS PCAN, British Museum Community Outreach Team and more…

We would like to thank the following organisatons who funded us during 2023-24:

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REGISTERED COMPANY NUMBER: 03142188 (England and Wales) REGISTERED CHARITY NUMBER: 1051662

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2025

for

Training Link

Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL

Training Link

Contents of the Financial Statements for the Year Ended 31 March 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Balance Sheet 5
Notes to the Financial Statements 6 to 12

Training Link (Registered number: 03142188)

Report of the Trustees

for the Year Ended 31 March 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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 2019).

ACHIEVEMENTS AND PERFORMANCE

This report should be read in conjunction with the Training Link Annual Report, included as an annex to this document.

FINANCIAL REVIEW

Reserves policy

It is expected that reserves of at least £10,000 should be held to maintain an appropriate level of working capital and to protect the future operations of Training Link from the effects of any variations in its income or expenditures as identified in the Risk Policy and any unforeseen events.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its memorandum and articles of association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

03142188 (England and Wales)

Registered Charity number

1051662

Registered office

54-56 Phoenix Road London NW1 1ES

Trustees

B Goring-Moore Dr E Arnold Ms K Hayes Ms M Christian P E Tomlinson

Company Secretary

Ms T Buynovskaya

Independent Examiner

John Lambourne Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL

Approved by order of the board of trustees on 24 November 2025 and signed on its behalf by:

Page 1

Training Link (Registered number: 03142188)

Report of the Trustees

for the Year Ended 31 March 2025

B Goring-Moore - Trustee

Page 2

Independent Examiner's Report to the Trustees of Training Link

Independent examiner's report to the trustees of Training Link ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

John Lambourne

Latham Lambourne Ltd 18 Woodlands Park Bexley Kent DA5 2EL

18 December 2025

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Statement of Financial Activities for the Year Ended 31 March 2025

Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
438
Charitable activities
Services etc
29,588
Room hire
2,436
Investment income
2
1,470
Total
33,932
EXPENDITURE ON
Charitable activities
Services etc
39,193
NET INCOME/(EXPENDITURE)
(5,261)
RECONCILIATION OF FUNDS
Total funds brought forward
16,883
TOTAL FUNDS CARRIED FORWARD
11,622		 Restricted
funds
£
-
57,364
-
2
57,366
62,377
(5,011)
27,917
22,906		 31.3.25
31.3.24
Total
Total
funds
funds
£
£
438
491
86,952
70,227
2,436
-
1,472
634
91,298
71,352
101,570
61,576
(10,272)
9,776
44,800
35,024
34,528
44,800		 31.3.25
31.3.24
Total
Total
funds
funds
£
£
438
491
86,952
70,227
2,436
-
1,472
634
91,298
71,352
101,570
61,576
(10,272)
9,776
44,800
35,024
34,528
44,800
71,352
61,576
9,776
35,024
44,800

The notes form part of these financial statements

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Balance Sheet

31 March 2025

31.3.25 31.3.24
Unrestricted Restricted Total Total
fund funds funds funds
Notes £ £ £ £
CURRENT ASSETS
Cash at bank and in hand 12,946 22,904 35,850 46,123
CREDITORS
Amounts falling due within one year 8 (1,322) - (1,322) (1,323)
NET CURRENT ASSETS 11,624 22,904 34,528 44,800
TOTAL ASSETS LESS CURRENT LIABILITIES 11,624 22,904 34,528 44,800
NET ASSETS 11,624 22,904 34,528 44,800
FUNDS 9
Unrestricted funds 11,624 16,883
Restricted funds 22,904 27,917
TOTAL FUNDS 34,528 44,800

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 24 November 2025 and were signed on its behalf by:

B Goring-Moore - Trustee

The notes form part of these financial statements

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Notes to the Financial Statements for the Year Ended 31 March 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 33% on cost
Computer equipment - 33% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

2. INVESTMENT INCOME

INVESTMENT INCOME
31.3.25 31.3.24
£ £
Deposit account interest 1,472 634
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.25 31.3.24
£ £
Other operating leases 4,757 4,500

3. NET INCOME/(EXPENDITURE)

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

5. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25 31.3.24
Office manager 1 1
IT Coordinator 1 1
Cleaner 1 1
Operations manager 1 1
Director 1 1
5 5

No employees received emoluments in excess of £60,000.

continued...

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
£ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 491 - 491
Charitable activities
Services etc 11,259 58,968 70,227
Investment income 634 - 634
Total 12,384 58,968 71,352
EXPENDITURE ON
Charitable activities
Services etc 21,224 40,352 61,576
NET INCOME/(EXPENDITURE) (8,840) 18,616 9,776
RECONCILIATION OF FUNDS
Total funds brought forward 25,723 9,301 35,024
TOTAL FUNDS CARRIED FORWARD 16,883 27,917 44,800
7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£ £ £
COST
At 1 April 2024 and 31 March 2025 4,700 9,260 13,960
DEPRECIATION
At 1 April 2024 and 31 March 2025 4,700 9,260 13,960
NET BOOK VALUE
At 31 March 2025 - - -
At 31 March 2024 - - -

continued...

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for the Year Ended 31 March 2025

Notes to the Financial Statements - continued

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Accruals and deferred income
Accrued expenses
9.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
Restricted funds
Big Lottery Fund
Francis Crick
Big Local
Camden CIL
Camden Resilience Fund
Vandervell Foundation
Somers Town Future Neighbourhoods
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
Restricted funds
Big Lottery Fund
Fitzdale Trust
Francis Crick
Big Local
Camden CIL
Camden Resilience Fund
Somers Town Future Neighbourhoods
TOTAL FUNDS		 At 1.4.24
£
16,883
-
-
-
25,667
1,250
1,000
-
27,917
44,800
Incoming
resources
£
33,932
20,000
5,500
4,351
4,500
-
8,001
15,014
57,366
91,298		 31.3.25
31.3.24
£
£
662
663
660
660
1,322
1,323
Net
movement
At
in funds
31.3.25
£
£
(5,259)
11,624
3,820
3,820
1,688
1,688
2,903
2,903
(21,214)
4,453
2,402
3,652
-
1,000
5,388
5,388
(5,013)
22,904
(10,272)
34,528
Resources
Movement
expended
in funds
£
£
(39,191)
(5,259)
(16,180)
3,820
(5,500)
-
(2,663)
1,688
(1,597)
2,903
(21,214)
(21,214)
(5,599)
2,402
(9,626)
5,388
(62,379)
(5,013)
(101,570)
(10,272)

continued...

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Notes to the Financial Statements - continued

for the Year Ended 31 March 2025

9. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement At
At 1.4.23 in funds 31.3.24
£ £ £
Unrestricted funds
General fund 25,723 (8,840) 16,883
Restricted funds
Fitzdale Trust 750 (750) -
Camden CIL 3,816 21,851 25,667
Camden Resilience Fund - 1,250 1,250
London Community Foundation 4,735 (4,735) -
Vandervell Foundation - 1,000 1,000
9,301 18,616 27,917
TOTAL FUNDS 35,024 9,776 44,800
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 12,384 (21,224) (8,840)
Restricted funds
Fitzdale Trust - (750) (750)
ST Big Local 417 (417) -
Camden CIL 38,500 (16,649) 21,851
Camden Resilience Fund 7,500 (6,250) 1,250
London Community Foundation - (4,735) (4,735)
Access Foundation Grant 6,891 (6,891) -
PCAN 3,660 (3,660) -
Vandervell Foundation 2,000 (1,000) 1,000
58,968 (40,352) 18,616
TOTAL FUNDS 71,352 (61,576) 9,776

continued...

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

9. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.4.23 in funds 31.3.25
£ £ £
Unrestricted funds
General fund 25,723 (14,099) 11,624
Restricted funds
Big Lottery Fund - 3,820 3,820
Fitzdale Trust 750 (750) -
Francis Crick - 1,688 1,688
Big Local - 2,903 2,903
Camden CIL 3,816 637 4,453
Camden Resilience Fund - 3,652 3,652
London Community Foundation 4,735 (4,735) -
Vandervell Foundation - 1,000 1,000
Somers Town Future Neighbourhoods - 5,388 5,388
9,301 13,603 22,904
TOTAL FUNDS 35,024 (496) 34,528

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Big Lottery Fund
Fitzdale Trust
Francis Crick
ST Big Local
Big Local
Camden CIL
Camden Resilience Fund
London Community Foundation
Access Foundation Grant
PCAN
Vandervell Foundation
Somers Town Future Neighbourhoods
TOTAL FUNDS		 Incoming
resources
£
46,316
20,000
5,500
4,351
417
4,500
38,500
15,501
-
6,891
3,660
2,000
15,014
116,334
162,650		 Resources
Movement
expended
in funds
£
£
(60,415)
(14,099)
(16,180)
3,820
(6,250)
(750)
(2,663)
1,688
(417)
-
(1,597)
2,903
(37,863)
637
(11,849)
3,652
(4,735)
(4,735)
(6,891)
-
(3,660)
-
(1,000)
1,000
(9,626)
5,388
(102,731)
13,603
(163,146)
(496)		 Resources
Movement
expended
in funds
£
£
(60,415)
(14,099)
(16,180)
3,820
(6,250)
(750)
(2,663)
1,688
(417)
-
(1,597)
2,903
(37,863)
637
(11,849)
3,652
(4,735)
(4,735)
(6,891)
-
(3,660)
-
(1,000)
1,000
(9,626)
5,388
(102,731)
13,603
(163,146)
(496)
13,603
(496)

continued...

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Notes to the Financial Statements - continued for the Year Ended 31 March 2025

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2025.

Page 12