## Annual Report and Financial Statements Year Ended 31 March 2025 ## Training Link (A company limited by guarantee) Charity number 1051662 Company number 03142188 Page | 1 ## **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**| Page | 2 ## **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. Page | 3 ## **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. Page | 4 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: - **Language and Communication:** Two weekly ESOL classes and two English Discussion Groups to build confidence and fluency. - **Digital Skills:** Bi-weekly IT Drop-In sessions and specialized digital classes (Digital Skills for Beginners, Spreadsheets) run in partnership with Camden Adult Community Learning. This year we introduced monthly digital inclusion sessions in collaboration with Camden Council, specifically targeting the integration and support of Ukrainian and other refugee and migrant groups in Camden. - **Employability:** Targeted employment support training was delivered for Ukrainian refugees in partnership with HealthProm, alongside access to online vocational courses, helping prepare clients for entry or re-entry into the workforce. ## **Advice, Advocacy, and Community Support** Page | 5 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:** - **More than 60 learners** attended our ESOL courses, English Discussion Groups and Adult - Literacy courses. - **At least 52 people** attended our weekly IT Drop-In session and Digital Courses - More than **85 people** successfully completed online vocational courses, including 66 learners receiving Level 2 Food Safety and Hygiene certificates, which are essential for any catering jobs - We offered over **20 Windrush appointments** to help clients with the Windrush Compensation Scheme - We provided **benefits advice and advocacy to more than 40 people** , mostly with benefits appeals or applications for Personal Independence Payments (PIP). - 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.** - We extended our classes and services to at **least 25 refugees and migrants from Ukraine, Afghanistan and other countries living in Camden and Islington** , who attended our free Discussion groups and ESOL classes, Green sessions, digital learning and and IT Drop In sessions **Plans for the future** - Sustain and improve our core current work to help empower and up-skill disenfranchised residents to gain paid employment, access volunteering opportunities and become more socially active; - Pilot and develop further services to help connect, share learning and empower serviceusers disproportionately experiencing social and economic exclusion; - To develop new partnerships and projects to increase awareness of environmental issues among local residents and share practical information to enable more sustainable lifestyles; Page | 6 - Raise our profile via improved face-to-face outreach, updated web-site and social media presence; - Further develop and expand our learning opportunities for new groups such as refugees, asylum seekers and new migrants; - To plan and celebrate our 40[th] anniversary in September 2025 Page | 7 ## **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:_ Page | 8 • 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. Page | 9 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: - Beeswax food wraps - Visible mending session - Sustainable clothes shopping “Learn to shop and sell online” - Make an Eco Loofa Soap - Upcycled jewellery making - Upcycling bags - Improve your CV with Accredited Environmental awareness in the workplace training - Trip to British Museum Unearthed Exhibition - Two trips to Camley Street Nature Reserve Page | 10 ## **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:** - London Borough of Camden - The Fitzdale Trust - Vandervell Foundation - North Central London (NCL) Training Hub (PCAN project) - Somers Town Big Local - All National Lottery Awards for All England - The Francis Crick Institute - Somers Town Big Local - Somers Town Future neighbourhoods Page | 11 REGISTERED COMPKYY NUMBER: •3142188 (E•￿1&d ••d Wth) REGISTERED CHARrrY NUMBER: 10S1602 411 18 Wotyjlatsts Puk DA5 2FL P¥• IJ ITriDI￿RLI￿k Rem octrrt Tr1￿.¢¢& f¢ir ￿ I'e•r Etrkd 5.1 2025 Thr ar¢ abo dwrO0rn of tht of thc Cryia AO 2fth. l¥eS¢llt ithcr wtth th¢ filu￿￿1 ¥W¢m¢*ts thc fvr ¢h¢ ttsled JI .Nb25. 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()li C"h*rli•blr •cilbdd 21224 40J52 61.$76 li LT L%( OIIFJILXVE%DITVRE} (8.84)) 18,616 9.T16 RECO%C.11.IATION OF FI-:14DS 1 rf31 fiuL4Ls knwsbi lotM'Brd 2S.W 9,301 JS.024 TUTAL FlJTrl>S CARRIF.D FORWARD 1&883 27.917 44,S TA%flBI.E FIXED ASSETS Fixtw fitt￿￿ cosr Ai 1 Apil 2024 and J I MBrrb 2025 4,?110 9360 IIKPRECIA Tiof• Ai l Arml 20•4 and JI 2025 4,7•ty 92&0 13.961 IET Dook VALUE lil J l 2Q25 Ai 31 m￿￿ 21)14 f¢r th¢ YUT 31 2025 CREDrroRS: AMOUNTS FAIIING DUE wmiili ONE YFAR 31J25 31J24 663 IJ lJ23 MOVElfL%T Th FLThIIS Al 31.325 Ai 1.424 ($359) liJ24 Rtslrki¢d Big L4W Cri¢k Bi8 L4Kal C4nxkn CIL Camdeo Rf¥il*r£e Fwld vande￿11 3J2• U2• L90J (21314) L903 4453 Jh52 tl.917 qS•13) 22.904 TUTAL FUNDS (l•J72) 34328 JX9Jl IS259) Bi8 L￿ Fwxl Fithtsle Tntsl CrKk Bi8 L4K41 Camden aL 20M• (5J•O) (IMJ) (1)￿> (21314) (SJ99 L903 121314) 2,4112 (ODI 57Jé6 (6U79) (sou) TOT AL TriI.%DS 9139• {i•iJ7•) (1•372 TrnM'LY LI F¥Wiil Iw tTrknl Ji 2QL%. 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FUNDS 35.1)24 (4961 34.521 tufrtb (ILT￿ (und 46Jlé ¢W415) (i REsirkttd f¥*d5 3.829 'IEz4kJr TrAsl Cr￿k 5,5(Xl lJ51 417 4.5￿) {6,25Q? 12,fj01 14l7 FIIE LL*al Lamdth CIL ￿ller￿¢ Fw CrnLwty (J7.X651 6J7 14.7351 (6J91) (4,7 55) 6.xg i FuLur¢ N4 15,014 116.334 (1112.731) I3,￿5 TnTAI. )I YD% 162.6$0 (16J.1461 1496) P4b12 TM'nwL Pty￿.￿ off A41Niti (vrihr 11 Marth ity•s )l.J.2S Jl.J.14 IWCIIMEAryD EYDt)W4lEhYS D4Jnilltsni 49t 1.471 112J9 51,9bfl 77J 89J X12Z7 91 J98 71J52 EXPLXDITUIIE eb&rlt*blt *rtlddt* r05t& Pcnsior s5￿lj J.1 9.1 4.?57 J9Y 818 21J63 4..Jthl 477 InsuruKe Lighiar*tk Trk￿01￿ 7J 1.778 Ad¥¢ll15iri8 S4LtsLkncs 1.412 3,Ob7 4J4 17,9: Volunietr5 coJls 754 919 JM RaL¢S IlJ3 A¢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 Page 4 ## Training Link (Registered number: 03142188) ## 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 - (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company. 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 Page 5 Training Link 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. Page 6 continued... ## Training Link 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... Page 7 ## Training Link 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... Page 8 Training Link 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... Page 9 ## Training Link ## 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... Page 10 ## Training Link ## 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... Page 11 ## Training Link 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