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← Claremont Project (Islington)

2025-03-31-accounts

Charity registration number 1070611 (England and Wales) Company registration number 3453945 4 a|

CLAREMONT PROJECT (ISLINGTON) pal | ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS , FOR THE YEAR ENDED 31 MARCH 2025 a

CLAREMONT PROJECT (ISLINGTON)

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Trustees
Trustees D Brain
NFuller
J Douglas
RevMAii
S Mook (Appointed 24 June 2024)
S Berrill
Secretary
Charity number (England and Wales) 1070611
Company number 3453945
Independent examiner Frances Wilde FCCA DChA
Warner Wilde Limited
Chartered Certified Accountants
4 Marigold Drive
Sisley
Surrey
GU24 9SF

CLAREMONT PROJECT (ISLINGTON) CONTENTS Page Charity report Independent examine￿¥ report Statement of financial activities 10 Balan￿ sheet 11 Slalemenl of cash flow5 12 Notes lo the financial statements 13-23

CLAREMONT PROJECT (ISLINGTON)

CHARITY REPORT (INCLUDING DIRECTORS' REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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)".

Objectives and activities

a. Policies and objectives

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

The charity identified the following objectives for the financial year 2024-25:

  1. To serve at least 850 older people as core active members, especially those most isolated or otherwise disadvantaged.

  2. To provide at least 20,000 attendances. 3, To serve at least an average of 24 psychotherapy clients at any one time. 4. To see average CORE scores improve from a clinical status to a normal status across all dimensions for men and women and to see significant improvements in WEMWBS scores.

  3. To repair our roof and install insulation to radically improve our carbon footprint.

  4. To promote the creation of new projects aimed at improving mental wellbeing.

  5. To continue to build a sustainable economic model for the charity.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

b. Review of activities

Details of the achievements of the charity during the year were as follows:

  1. To serve at least 850 older people as core active members, especially those most isolated or otherwise disadvantaged.

We served 924 officially registered members, alongside a number of other older people who joined our activities but who did not join as members or did not come more than 4 times. These non-members include friends and family of Claremont members who attend as carers, and those who attend for special events such as our annual variety showcase.

  1. To provide at least 20,000 attendances.

18,967 attendances were recorded on our CRM during FY 24-25, with an estimated 789 (4%) unlogged, bringing our annual total to 19,756. This was slightly below our target of 20,000 attendances, however this year the vast majority of these attendances were in-person rather than online. Attendance figures count the number of times an older person received one of our services - whether that was attending a class, a workshop, one-to-one support, to use our warm space with free teas and coffees or coming for a drop-in visit. In recent years, the attendances figures had included those attending virtually through online classes during the pandemic, hence the higher numbers. Over FY 24-25 our services were returning to normal after the pandemic - by end of year (excepting exceptional circumstances) these attendances were entirely face-to-face.

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CLAREMONT PROJECT (ISLINGTON) CHARITY REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 To serve at least an average of 24 psychotherapy clients al any one lime. Al any given lime in FY 24125 we saw an average of 18 clients at any one lime150 clients across the year in totall. The numbers are slightly below our target because a number of our trainee psychotherapists had come to the end ol their placements and there was a short dip in our capacity whilst we recruited and onboarded to their roles. To see average CORE scores improve from a clinical slalus to a normal status across all dimensions for men and women and to see significant improvements in WEMWBS scores. The 2025 results from our low-cosl psychotherapy service for Islington residents aged 18+ continued lo show strong positive outcomes and enabled those on low incomes {<£30kpal lo access psycholherapeulic support which they would have been unlikely lo afford otherwise. Consislenl with previous years. the 2025 initial client scores using CORE (Clinical Outcomes in Routine Ev8lualion} indicated that men and women came lo us in significant distress {the 'clinical range'l, and average final $¢ore$ improved lo within Nomal ranges across all mea$ure$ ('wellbeing', 'problems and symptoms,, 'functioning' and 'risk') As described above, WEMW8S scores through 2025 showed significant improvements in average wellbeing $¢ores. To repair our r¢of and install insul8ti¢n to radically Improve our carbon footprint In September 2024, Claremont repaired its maln t¢p.iloor roof thanks lo a generous grant from the Linbury Trust. The old fell roof had reached the end of 11$ life and was letting in water, Repairs were made lo the base and walls. and new insulation was added lo meet Current standards, A waterproof and anti.slip coating wa$ then applied, stopping all leaks and helping lo cul haating costs. We also replac4d the 20-year-old boi18r with a modern Combi boiler and smart heating system. Together, thase improvements have reduced energy use and made the building wamier and more efficient. To promote the creation of new projects aimed al improving m&ntsl well.being r In FY 2024-25 Claremont benefited from generous funding frcm the National Lottery's Award8 for All programme lo pilot a new 'Demenlia Risk Reduction. programme. Researchers suggest that 40% of dementia Cases globally are attributable lo modifiable risk factors {in other words, cases where steps Can be t8ken lo reduce the risksl, Claremont's Brain Health projectls SUPPOrting Claremont membets lo take action that will ￿duce Iheir18vels Df risk and keep their brains healthy. Through sharing information and supporting people to take up social and physical activities that are known lo st￿n9then brain health, this pathfinder prograFnme is exploring how dementia risk reduction can be mainstreamed at Claremont and beyond To continue to build a sustainable economic model for the charity. We were pleased that our finan￿$ have remained stable and that we have continued lo be able to svslain our charitable activities through diversified income streams. Nearly half of our income comes from self-generaled sources, largely letting out our halls and meeting rooms when we are not using them lo community groups., as well as renting Offi￿ Spa￿ to organisatlDns with similar aims and values to our own.

CLAREMONT PROJECT (ISLINGTON)

CHARITY REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Achievements and performance

c. Main achievements of the Company

Claremont is about people having opportunities to shine and live happier, healthier and more connected lives. We've offer a wide range of services at our centre at White Lion Street in Angel, particularly for older people. Our members range in age from 55 to 101 years old, and our aim is to improve their wellbeing, build a community that welcomes everyone, and to help people in later life feel like they matter.

We do this through a vibrant programme of arts and wellbeing activities; low-cost psychotherapy (open to those 18+); and a 'social prescribing' service which helps those who are more vulnerable get connected to our community and to other services. Everything we offer is free or low-cost, our building is fully accessible to those with disabilities and our friendly staff offer support to those with additional needs. Our goal is to ensure that those at greater risk of social isolation are welcomed into our community and flourish in their lives, and we have a history of innovation in health and social care stretching back to when Claremont first started offering services in 1907.

In FY 2024-25, our diverse community continued to thrive. We had 924 active members in the year (up from 868 in FY23-24), with 200 new members joining. This excludes those who attended fewer than four times. Overall, there were 18,967 attendances of our low-cost classes and special events, and 864 psychotherapy client sessions delivered to 50 clients. In addition, there have been many hundreds of other users of our facilities, including a wide variety of community groups (theatre groups, dance, fitness, choirs, etc), and we provided low-cost office space to values-driven organisations.

In 2024-25 we maintained our rich and varied programme, which includes 40 regular and weekly classes across music, dance, visual arts, creative writing and physical activity. We also ran over 100 special events, including concerts, seasonal parties, visits and exhibitions. Our programme is high-quality and aspirational, with regular partnerships with leading cultural organisations such as the London Symphony Orchestra, Sadlers Wells, Trinity Laban Conservatoire of Music and Dance, Guildhall School of Music and Drama, the Hayward Gallery, the London College of Music and the British Museum. Our 'First Fridays' events showcase a wide range of art forms and cultures with educational talks, performances and participatory activities followed by socialising over refreshments - everything from puppetry to Japanese folk music; whilst our biannual 'Claremont Exhibits' project turns our building into a gallery full of our members' art. Members get a chance to shine at our Variety Showcase (which in 2024 was at the 02 Academy in Islington), they can showcase their talents in Claremont's annual Member Extravaganza; and to display their creative works in our annual Craft Fair. Alongside our creative programme we ran a range of wellbeing enrichments, including a '5 Ways to Wellbeing' workshop, LGBTQ+ coffee morning and support groups facilitated by psychotherapists for bereavement, men, carers and experiences of ageing.

We are deeply embedded in our local community and our members come from all walks of life. Islington ranks 4[th ] highest in England for income deprivation affecting older people and Islington is one of the most unequal boroughs in London. Those who attend Claremont most frequently are likely to face disadvantages of some kind: Among those attending Claremont twice a week or more, the majority (54%) are from racialised communities; more than half (52%) manage on monthly income that is below the poverty line; and 81 % are women. We offer a warm and comfortable space for members to relax with free tea, coffee and biscuits - something that is particularly appreciated in the colder months and by people on low incomes.

Highlights from our 2025 Annual Members Survey include:

CLAREMONT PROJECT (ISLINGTON) CHARITY REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 We now have over 3.70Q data points which we have collected lo gather ev1deft￿ of how our services l&ad to better wellbeing outcomes for Claremont members. We measure levels of wellbeing amongst our members using the Warwick Edinburgh Mental Wellbeing IVVEMVVBSI scale, asking members to take the WEMVV8S questionnaire lo gauge mental wellbeing and contentment with life when they join, and ask them to repeat it after four months of membership. This data indicates significant improvements in wellbeing outcomes. Our WEMWBS data through 2025 shows a 33 /0 reduction in the number of people whose low scores would raise Clinical cOn￿rn$ around their mental health, comparing 'Before' and 'After' scores. Our data also shows a 260/0 rise in the number of people whose WEMWBS score indicates above average. moderate and high levels of wellbeing. When they join. Claremont members are more than twiTr as likely as the UK general population lo have levels of wellbeing that are low enough to raise clinical concerns about their mental health {33°10 vs 15 /ol. However, after four months Claremont members are more likely than the general population lo have high wellbeing1220/0 vs 150101. We see a meaningful improvement (defined as a three-poinl rise or more in WEMWBS scorel for more than half our individual members152 %). 11 is remarkable and unusual lo see such improvements for those al th& low end of the scale, who may have longstanding conditions where symptoms have bean persislenl for many years, Just few of the 100's of omments from our 2024-25 survey: 'In your Own Y￿rds, brlefly d?$¢ribe how you fefrl about Clar•mont... Claremont gives a reason lo get up in the mornings, even when it is cold, wet and dark outside. I look forward lo meeting old friends and making n8w ones. A very important part of my life now as I can join in things and not leel $e9￿94ted. Claremont is a connection with others and a friendly place Claremont b8¢ame part of my life because of kindne$$ 8nd supportive from all staff thè ernpalhy 'Claremont is doing a great job in providing a purpose to and filling up voids in many old people's lives. It is very welcoming and confiden¢e-èuilding "Can you •har¢ more about your exp¢rlen¢e wlth Claromont $taff?" Unfailingly warm, welcoming, patient, attentive, ¢on5iderate, engaged and engaging. reliable and honest, They all seem lo have lime for a kind word Every one show kindness and patience and are well mannered They are always approachable and friendly." 'They always smile. That is $0 important. 11 casts a happy atmosphere over the place. They always say hello and goodbye so i feel noticed that l am present." 'They are kind and helpful. And knowing people by name ' They are always prepared lo listen and try lo answer any questions They are very helpful. kind and respectful. "They make an effort to remember your name an¢J the groups you go to" 'Slaff are friendly, fespectful and very patient whern explaining to members. I do appreciate the help and assistan￿ I get from staff when needed.

CLAREMONT PROJECT (ISLINGTON) CHARITY REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Financial review Financial perfornian¢e Income for the year was £682,812 (2024". £533,769), a significant part of this being an increase of £99,830 reslricled grant income and £49,993 restricted donations and gifts. Expenditure for the year was £668,784 {2024'. £557,047) resulting in a modest surplus of £13,938. The main increase in costs during the year related to building maintenance Reserves at the year end stood at £986,637 of which £729,588 is 'fixed assets, principally buildings which are used for the charity's purpose and are therefore not available lo spend. Our 'nel current assets. {net of amounts due lo us, amounts that we need to pay and bank balances) tolalled £257,049 al the year end Golng concern After making appropriate anquiries, Ilie Trustees have a Trasonable expectation that the Company has adequate resources lo continue in operational existence for the foreseeable lulure For thi$ reason, they continue lo adbpi the going concern basis in preparing the financi81 $18temenl, Reierve8 poIIcy The Trustees hold reserves lo a level equivalent lo 6 months, adjusted expenditure Prlncipal ri•k• and uncertalnti•$ Our trustees actively monitar key r$8ks, including reduced grant funding, health and safety, safeguarding incidents, staff relenlion, IT security, loss of premises, and environmental impact, Ea¢h risk is Sco￿d for likelihood and impact. with actions in place lo l¢)wer exposure. Mitigation$ include diversifying income, maintaining property and insurance. strong safeguarding practic4s. fair pay, IT prolecllons, and $uslainability measures, Regular reviews ensure risks are reduced over lime, protecting the charity's financial health. reputation. and service delivery, Plan$ for future perlods Next financial year, the charity has the following sigr3ificanl aims and objectives.. To assist adults of all ages in the area of benefit in need lo mental health and physical health services. To continue lo assist older people, especially isolated people not already engaged in some fom of community-based service or facing disadvantages. Continue lo concentrate on services improving mental welfare, health and their recreation needs and overall well-being. To act as a catalyst across London and beyond in the creation of better standards of well-being services for older people. To promote positive multicultural understanding and friendships across communities to further the welfare and education of local residents, especially those with little previous exposure lo or understanding of other cultures. To continue the use of the charity's building as a community resource. To continue lo build a sustainable economic model for the charity

CLAREMONT PROJECT {ISLINGTON) CHARITY REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Obje¢tives for 2025-26 To service at least 850 older pe￿e as c(Ye ath.￿ mem￿($. especially those who are isolated or otherwise disadvantaged. To provide al least 18,000 i￿￿persOn atte[KIan￿. To serve al least an averw d20 PSY[J￿hBrapy dients at any ont rrt. To see average CORE yoyès kmpE¢¥y frurj a dinical status to a rtorrrtal Status across all dimensions for men and women, and lo see significant Improvem￿ in WEMWBS scores. To install solar panels on our rool and a range of energy efficiency measures To promote the crealion of new propcts aimed at impro¥itvJ mental wellbeing. To continue lo build a sustainable economic model for the chaftty Stru¢ture, governonce and managemont Constltution The ¢5•rwnont Prt¥rt Ilsiiwonl is a wislered I*￿IlY (no. 1070611) and a company limitsd by guarantee {no, 345?9451 and Is 511 Memo¢aThJum anta ofAssociation. None of the Trustses has any benefbcial interest in the company. All of ihe Trustees are members of the company and guarantee to contribute £1 in the evenl of a winding up. The trustees, who are alyo the directors for t1￿ purp)se of company law, and who s&rved during the year and up to the dal@ of signature ol the financ@1 statements were D Brain N Fuller N Ayyaril J Douglas Rev M Ali L Sivakumaran S Mook S Berrill (Resigned 24 June 2024) (ReS￿ned S Match 20251 (Appointed 24 June 20241 Methods of appointsnent or election of Trustees The Marw￿1 lll the Company is Ihe re$F￿￿lIty of the Trustees who are elected and co-opted under the temj otLM Tr￿Eth￿. The Trustees, who are also directors for the purpose of ccrfnpany law a￿ appointed by the existing board. We have continued lo search for new Trustees lo strengt1￿n our tK￿r￿. Election to the Board is by a vote of existiFY3 Board members. The Claremont Unitecl Reformed Church maintains a right lo have tsvo of its appointees on the Board at any one time and appointees need to be approved by a vote of the enbre Board. 11 is the Board's policy lo operate fixed terms for its directh and director roles. Trusteesldirectors are limited to two terms of 5 years, with a a¢￿i￿.0￿al 2 years if needed. This policy is in the Pro￿$$ of being added to our Memorandum and Articles ol AssttiatrJTh.

CLAREMONT PROJECT (ISLINGTON) CHARITY REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Organisational structure and decision-making p0￿CleS The charity's governing body, ils Board. meets 4-5 ts-M￿ a year. The Board sets Strategic direction and oversees the proper operations of the charity but does rKJt generally involve Itself in detailed operational matters and decisions. The Board has term limits for its offitsrs and Trustees. Responsible lo the Board il's the Chief Execthi¥e offi￿r. For the duratton of FY24-25 the Chief Executive OffI￿r was Lucien Paul Stanfield, who stepped down in Apnl 2025 and handed over the role lo Dr Amy Pollard. The Chief Executive is invited lo attend and report to Board meetings and manages all operational matters, including management of other staff, and may also recommend policy to the Board for ils discussion The Chief Executive OffiTrr is not authorised to Commit the charity to any single new ex&wditure of over £3,000 wilhoul prior approval, All expenditure from the bank accounts requires at least wgnories. There is a Claremont Users Committee which is made up of Claremont members and gives feedback and suggestions on vorious operational matters and this group meets quarterly. Some Board members are also users of Claremont seryices or have other potential ￿¥111¢1$ of interest. In all cases where a ¢onfli¢l of interest may arise. 8oard members declare their interest and remove themselves ffMI the meets'ng. Pollclos adopted for th• induetlon and training of ftew trustees New Board members are provided wth ba¢kgfOund materials on the a¢tivits'es and history of the charity and spend time with members of staff learning about the various operatsons of the Charity. Those Trusleas with particular interests in legal and financial mattérs ITfeasurer. fof exarnp￿) afe bfieled In detail on pro¢e$$es, systems and reporting procedures. and ar• given appropriate a￿$$ to inforMat￿n systems, Trustees are also invited to meet users of Claremont's servlces. Relatsd party r¢lallonships The Chafity lease$ the Claremont 8uilding from the United Reformed Chuf¢h Thames North Trust (registered as charlty and Trustee for Islinglon United Reformed Church) The lease was renewed for a further 28 years on 1st August 2020. The rent is £20,OOOlyear. The following Trustees have Of had Common trustee$hip with the wganisats'on listed below. David Brain and Rev Margaret Ali lslington United Reformed Church members Thanks Without the support of our generous frJnders. it W￿ld not be possible for Claremont lo provide such a range of high- quality services or lo deliver oulcornes for our communty at thB scale. We are deeply grateful lo Arts Council E kn&r05 fpr 41, City Bridge Trust. Crip¢giiTr FWrhYal￿n. Dratwrs CPrantAble Fund, the Fishmongers. Cornp3ny. Trusl. Linbury Trust. 8prwJh of IslirHJb]n P8rtn8rghip Fund, London Calalysl, Mercers Company, Lottery Communty Fund. London Marathon Foundation, Peter Slebbings Memorial Trust, Robert McAlpine Foundation, St Sepulchre Unrted Charities. TwJer Crane Kung Fu and the Wootyroffe Benton Foundation for their invaluable support_ We are grateful to our outgoing CEO. Lu￿￿ Stanfield. who sewl Claremonl for over 22 years and played a vital role in shaping the organisation as il is today_ we'￿ also thankful to our amazing volunteers, staff and members who make Claremont such a warm. welcomirwJ aNJ special place.

CLAREMONT PROJECT (ISLINGTON)

CHARITY REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

proved by the Board of Trustees. The-eharty reportC "JI S Berrill

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CLAREMONT PROJECT (ISLINGTON)

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CLAREMONT PROJECT (ISLINGTON)

I report to the trustees on my examination of the financial statements of Claremont Pro[j] ect (Islington) (the charity) for the year ended 31 March 2025.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the Companies Act 2006 and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carried out under section 145 of the Charities Act 2011. In car[ry] ing out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.

Independent examiner's statement

Since the charit[y] 's gross income exceeded £250,000, the inde[p] endent examiner must be a member of a body listed in section 145 of the Charities Act 2011. I confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

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 that in any material respect:

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 financial statements to be reached.

Frances Wilde FCCA DChA

Warner Wilde Limited Chartered Certified Accountants 4 Marigold Drive Sisley Surrey GU24 9SF Date: 11 December 2025

CLAREMONT PROJECT (ISLINGTON) STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Restricted fund$ funds 2025 2025 Totsl Unrestricted Restricted funds funds 2024 2024 Total 2025 2024 Notes Income from: Donations and legacies Charitable activities 19,270 288,808 374,734 394.004 288.808 73,780 235,078 224,911 298,691 235.078 Totsl income 308,078 374.734 682.812 308,858 224,911 533,769 Expenditure on: Raising funds Charitable activities 16,9D1 291,579 30,583 329,811 47,484 621,390 34.882 276.742 34,882 S22,765 245,423 Total expenditure 308,480 360,394 668.874 311,624 245,423 557,047 Net in¢omel{expenditurel 14021 14,340 13,938 12,766} {20.5121 (23,2781 Transfers be￿een funds (6,172) 6,172 Net movement in funds (6,574) 20,512 13,938 (2.7661 120,572) 123.278) Reconciliation of funds: Fund balances at 1 April 2024 993.211 120.5121 972,699 995,977 995.977 Fund balances at 31 Mar¢h 2025 986.637 986.637 993,211 .5t21 972,699 The slalemenl of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. 10-

CLAREMONT PROJECT (ISLINGTON) i

BALANCE SHEET

AS AT 31 MARCH 2025

2025 2024
Notes £ £ £ £
Fixed assets
Tangible assets 12 729,588 771,984
Current assets
Debtors 13 15,022 19,437
Cashatbankandinhand 350,616 307,322
365,638 326,759
Creditors: amounts falling due within 14
one year (108,589) (126,044)
Net current assets 257,049 200,715
Total assets Jess current liabilities 986,637 972,699
The funds of the charity
Restricted income funds 17 (20,512)
Unrestricted funds 18 986,637 993,211
986,637 972,699

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

comptylng with the irements of the Companies Act 2006 n of fi1tancial "Mad statem ee, .

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regl ·

The state 5 ra approved by the trustees on .. o 7.. ,,...-.-...,,11 S Berrill

Company registration number 3453945 (England and Wales)

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CLAREMONT PROJECT (ISLINGTON) STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Notes Cash flows from operating a¢tivities Cash generated froml{absorbed by) operations 21 45,640 (16,2431 Investing a¢tivities Purchase of tangible fixed assets {2.346) (15.221) Net Cash used in investing activitie$ 12,346) Net cash generated from financlng aetivitiel Net increasolldecrease) In ¢•$h and ¢a6h equivalents 43,294 (31,4841 Cash and Cash equivalents at beginning of year 307,322 338,786 Cash and cash 8quiv4lent8 at Qnd of year 350,816 307,322

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 A¢¢ounting poli¢ies Charity information Claremont Project {Islinglon) is a private company limited by guarantee incorporated in England and Vvales. The registered office is 1.1 A¢¢ounting convention The financial statements have been prepared in accordants with the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "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 IFRS 102)" The charity is a Public Benefit Entity as defined by FRS 102. The ftn8ncial slalemenls are Prepared in sterling, which is the functional currency of the charity, Monetary amounts in these ftnancial statements are rounded to the nearest £ The financial statements have been prepared untjer the historical cost convention, Imodified to include the revaluation of fr88hold properties and lo include investment prop&rt18$ and Certain financial instruments al fair valuel The principal accounting policies adopted are Sel out below, 1.2 Going concern At the time of approving the financial statements, the trustees have a reasonable expe¢tstion that the charity has ad8quale resources to continu8 in operational existence for the foreseeable future Thu8 the Iruslees ¢onlinue to adopt the going concern basis of a¢¢ounting in preparing the financial statements. 1.3 Charltable fund$ Unreslricled funds are availab18 for use al the dls¢relion of the Iruslees in furtherance of their charitable objecllves. Restricted funds ar8 subject to specific conditions by donors or grèntors as to how they may be used. The purposes and uses of the reslricled funds are sel out in the notes to the finaneial statements. Endowment funds are subjact to specific conditions by donors that the Capital must be malntained by the charity. 1.4 In¢ome Income is recognised when the charity is legally entitled to il after any perf0rrnan￿ conditions have been mel, the amounts can be measured reliably, and il is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised On￿ the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised al the lime of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known. and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset.

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies IContinued} 1.5 Expenditure Expenditure is recognised On￿ there is a legal or constructive obligation to transfer economic benefit lo a third party. Il 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 classified by activity The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved In undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute lo more than one activity and support costs which are not attributable lo a single activity are apportioned belween those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charg85 are allocated on the portion of the asset's use, 1.6 Tanglblo flxgd a¥$ets Tangible fixed assets are initially measured al Cost and Subsequently measured at cost or valuation, net of deP￿cl4t10n and any impaimienl losses, DeP￿CIatIOn is recognised 80 as lo wrlle off the ¢ost or valuation of assets less their residual values over thelr useful lives on the following ba$e$', Freehold land and buildings Fixtures and fittings Computer equipment 28 years SL and 2% on improvements 4 years SL 3 years SL The gain OT loss arlsing on the disposal of an asset is determined as the difference be￿@en the sale proceeds and the carying value of the asset, and is recognised in the statement of financial activities. 1.7 Impaimiont of flxed a88ets At each reporting end date, the charity reviews the carrying amounts ol its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists. the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss lif any) 1.8 Cash and Cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.9 Ftnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Other Financial Instruments Issues, of FRS 102 to all of ils financial instruments. Financial instruments are recognised in the charity's balan￿ sheet when the charity becomes party to the contractual provisions of the inslrumenl. Financial 3ssels and liabilities are offset, with the nel amounts presented in the financial statements, when there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 14-

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) Basic financial assets Basic financial assets. which include debtors and cash and bank balan￿$. are initially measured at transaction pri￿ including transaction costs and a￿ subsequently carried al amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as re￿1vable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing Iransaclion, where th& debt instrument is measured at the present value of the future payrnenls discounted at a market rale of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate Fnethod Trade creditors are obligations to pay for goods or servi￿$ that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not. they are presented as non-currenl liabilities. Trade creditors are recognised initially al Ifansaction price and subsequently measured at amortised cost using the effective interest method. Derecognition oi finan¢ial liabilities Financial liabilities are derecognised when the charity'5 contractual obligations expire or are discharged or can￿lled. 1.10 Employee beneftts The cost of any unused holiday entitlement is recognised in the period in which the employee's services are re￿ived. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed lo terminate the employment of an employee or lo provide temiination benefits. 1.11 Retirement beneftts Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. Critical a¢¢ounting estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien￿ and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacie$ Unrestricted Restricted funds funds 2025 2025 Total Un￿Stricted Restricted funds funds 2024 2024 Total 2025 2024 Donations and gifts Grants 5,395 13.875 49,993 324,741 55.388 338.616 8,780 65,000 8,780 289,911 224.911 19,270 374,734 73,780 224,911 298,691 In¢ome from charitable a¢tivtties Unrestricted Unrestri¢ted funds funds 2025 2024 Charttable activities Letting income Classes and activities 204,606 82,445 177,000 57,414 Investment in¢ome Investment income 1.757 664 288,808 235,078 Expenditure on raising funds Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restri¢ted funds funds 2024 2024 Totsl 2025 2024 Fundraising and publicity Other fundraising costs Staff costs 16,901 16.901 30,583 12,099 22.783 12,099 22,783 30,583 16,901 30,583 47,484 34,882 18-

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable a¢tivities Charitable activites Charttable activit¢s 2024 2025 Direct costs Staff costs Depreciation and impairment Cenler activities Building maintenance Insurance Training 226,699 32,900 164,091 92,883 2.114 2,534 227,398 32.863 147.715 18.369 4.017 2,265 521,221 432,627 Share of support and gov¢rnan¢e costs (see note 7} Support Governance 83.298 6.240 1,800 621.390 522,165 Analysis by fund Unrestricted funds - general Restricted funds 291.579 329,811 276,742 245.423 621.390 522,165 Support costs allo¢ated to activities Charitable activites 2025 Total 2024 Staff costs Depreciation Utilities Rent and rates Telephone and fax Bad debt Governance 35,350 11,841 26,679 20,194 1,927 2,379 1,800 33.087 4.850 27,924 15,614 1,823 6,240 100,170 17

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs allo¢ated to activtties (Continued) 2025 2024 Governan¢e costs comprise: Independent Examinels fee 1,800 6.240 1.800 6.240 Net movement in fund¥ 2025 2Q24 The net movement in funds is slated after ¢hargingllcrediting)'. Depre¢i81ion of owned tangible fixed assets 44,741 37,713 Tru$te¢• None of the trustees {or any persons connected with them) received any remunerallon or benefits from the ¢h8ftty during the year. 10 Employeas The average monthly number of employees during the year w8S', 2026 Number 2024 Number Employment costs 2025 2024 Wages and salaries Social security costs Other pension costs 254,528 25,678 12,426 246,664 24.576 12,028 292,632 283,268 The number of employees whose annual remuneration was more than £60.000 is as follows". 2025 Number 2024 Number £80,001 to £90,000 18-

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATENIEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 10 Employees {Continued} Remuneration of key management personnel The remuneration of key management personrtel was as follows: 2025 2024 Aggregate compensation 91.748 145,815 11 Taxation The charity is exempl from tsXa1￿n on ts a¢tivrties because all its inoyne 15 applied for charitable purposes, 12 Tlngible fixed assets Fr••hold land Flxlurgs and •nd building8 ftttln9 Computer •qulprn•nt Totsi Cost Al 1 April 2024 Additions 946.639 2.038 13,565 36,008 308 998,210 2,348 Al 31 Mar¢h 2025 948,677 13,565 36,314 998,556 D•pr•¢i•tion and Impalrnient Al 1 April 2024 Depreciation Charged in the year 1WJ,796 9,046 1,745 24.385 10,096 224,227 44,741 At 31 March 2025 223. 10,791 34,481 268.988 Carrying amount Al 31 March 2025 rA4.9Bi 2,774 1,833 729,S88 Ai 31 fvlarch 2024 755.841 4.520 11.623 771,984 13 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Prepayments and accrued income 15.022 6,937 12,500 15,022 19,437 19-

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Creditors.. amounts falling due within one year 2025 2024 Notes Other laxalion and social security Deferred income Other creditors Accruals 5,572 86,478 11,168 5,371 7.898 95,529 10,985 11,632 15 108.589 126,044 1S Defgrred in¢ome 2025 2024 Other deferred income 86.478 95,529 Deferred income is Included in the financlal statements 89 follows.. 2025 2024 Deferred incorne is included within.. Current Ilabilllies 86,478 95,529 Movement$ in the year.. Deferred income a11 April 2024 Released from previous periods Resour￿5 deferred in the year 95.529 1102,3981 93,347 95,529 Deferred income 8t 31 March 2025 86,478 95,529 16 Retirement benefit schemes 2025 2024 Dofined contribution Schemes Charge to profit or loss in respect of defined contribution schemes 12,426 12,028 The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity In an independently administered fund. -20-

CLAREMONT PROJECT (ISLINGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 17 Restricted funds The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject lo specific conditions by donors as to how they may be used. At 1 April 2024 Incoming re$ources Resources expended Transfers At 31 March 2025 LBI Partnership Grant Awards for All City Bridge Trust Cripplegale Foundation Linbury TTUSt- dance Mercers Lottery Community Fund Fishmongers London Marathon Foundation Drappers London Catalyst Arts Council Tiger Crane St Sepulchre Groundworks Woodroffe Benton Robert McAlpin8 Closer- ACE project Peter Stebbings Linbury Trust. roof 20.000 1.628 36.750 9,000 50,500 11,800 98,908 12,500 20.000 6,474 1,000 5,610 7.205 6,250 19,820 1,500 10,000 2,409 3.582 50,000 (20.000) {1.628) (36,750) 19.000) (50.500) 111.600) {98,906) (12,5001 120,0001 16.474) {1,000) 15,610) {7,205) (6.250) (19,820) {1,5001 {10,0001 {2,4091 {3,0701 156.1721 15121 8,172 {20,5121 374.734 (360,3941 6,172 Previous year: At 1 April 2023 Incoming resources Resources expended Transfers At 31 March 224,911 {245,4231 120.5121 21

CLAREMONT PROJECT (ISUNGTON) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 Unrestricted funds The unrestricted funds of the charity comprise the uneXper￿d balances of donations and grants which are not subject to specific conditions by donois aThJ grantors as to how they may be used. These include designated funds which have been sel aside out of unrestn.cted funds by the trustees for specific purposes. At1 April Incomirtg Resources 2024 resources expended Transfers At 31 March 2025 Building Fund General funds 755.840 237.371 (32,9001 (275,580} 722.940 263,697 308,078 (6.1721 993.211 308.078 1308,480> 16,1721 988,637 Previou* year: At 1 Aprll 2023 Incomlng R¢$oure¢$ resources expended Tr4nJf¢rs At 31 March 2024 Building Fund General funds 788.703 207.274 (32,883} (278,761) 755,840 237,371 995.977 308.858 1311.624 993.211 19 Analysls of net assets b¢tsYeen lunds Unrestrlcted fund$ 2025 Restrlcted fund• 2025 Total 2025 At 31 March 2026: Tangible assets Current asselsl{liabililies) 729.588 257.049 729,588 257,049 986.637 986,637 Unrestricted funds 2024 Restricted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assetsllliabililies) 771. 221.227 771,984 200,715 (2Q.51 993,211 972,899 20 Related party transactions There were no disclosable related party tra￿ctIonS durirwJ the year {2024 - none). -22-

CLAREMONT PROJECT (ISLINGTON> NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 21 Cash generated froml{absorbed byl operations 2025 2024 Surpluslldeficitl for the year 13,938 (23,2781 Adjustments for: Depreciation and impairment of tangible fixed assets 44.741 37,713 Movements in working Capital. Decrease in debtors {Decreas&l in creditors {DeGreasel in d&ferr@d income 4.418 18,4041 19.0511 6.275 (36,953) Cash gen•r4t¢d Iromllab$orbed by) operatlon$ 45.640 {18,243) 22 An4ly•ls of changes in net funds The charity had no material debt during the year .23.