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2023-03-31-accounts

Registered Charity Number 1078428 Registered Company Number 03870917

Report and Accounts

For The Year Ended

31[st] March 2023

Prepared by

Chartered Accountants 66 Earl Street Maidstone Kent ME14 1PS

St Pancras Community Association

Contents

Page
Charity and Company Information 1
Trustees’ Report 2
Independent Examiner’s Report 10
Statement of Financial Activities 11
Balance Sheet 12
Notes to the accounts 13

St Pancras Community Association

Company Information

Directors

Aceil Haddad – Chair Natalie Jobling Georgia Eracleous Mary O’Hara Shelagh Mary O’Gorman Wende Roserie Alexander Smith

Charity Director

Graham Cobb – Left in July 2022 Angela Lewis – From September 2022

Company Secretary

Fariba Maleknia

Accountants

Hamilton Coopers 66 Earl Street Maidstone Kent ME14 1PS

Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill, West Malling Kent ME19 4JQ

Registered Office

67 Plender Street London NW1 0LB

Registered Number (Charity)

1078428

Registered Number (Company) 03870917

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

TRUSTEE’S REPORT

Introduction

The Trustees of St Pancras Community Association (SPCA) are please to present the Annual Directors’ report together with Financial Statement for the year ending 31st March 2023. The report and financial statements offered comply with (i) the Charities Act 2011, (ii) the Companies Act 2006, (iii) SPCAs Memorandum and Articles of Association, and (iv) Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard 102. Directors and Trustees

The Directors of the charitable company are its Trustees for the purpose of charity law. Throughout this report the Directors / Trustees are collectively referred to as the Directors.

The Directors who served during the year are mentioned in page before.

Structure, Governance and Management

Governing Document

The Charity is controlled by its governing document, a deed of trust, and constitutes a Limited Company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and Appointment of New Trustees

The existing Trustees are responsible for the recruitment of new Trustees. In selecting new Trustees, we seek to identify people who are committed individuals whose views are aligned to the Charity’s vision in addition to being able to offer relevant skills and experience.

New Trustees are elected at AGMs for a period of three years or co-opted by a vote of the existing Trustee Board until the date of the next AGM.

This process allows due consideration of the person’s eligibility, personal competence, specialist knowledge and skills.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company Number 03870917 (England and Wales)

Registered Charity Number 1078428 Registered Office 67 Plender Street, London, NW1 0LB

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

Trustees and Directors as at 31[st] March 2023

Georgia Eracleous Alexander Smith Wende Roserie Mary O’Hara Shelagh Mary O’Gorman Aceil Haddad Natalie Jobling Peter Roger Tynan – Resigned June 2022

Company Secretary Fariba Maleknia Chief Executive Officer Graham Cobb – Left in July 2022 Angela Lewis – From September 2022

Purpose

Saint Pancras Community Association is a charity delivering high quality services for Camden residents, in the lively and diverse community of the St Pancras and Somers Town ward.

Values

Our work has four key themes:

To improve health outcomes by encouraging healthy lifestyles among local people who would not otherwise take regular exercise, eat healthily or manage their mental or physical health. We offer free weekly exercise classes including football for children aged 8+, Fitness Fusion for adults and Reggae Aerobics for the whole family amongst other opportunities. This year we opened a Community Kitchen and Warm Space to support local residents through the cost of living crisis and provide them a home-from-home to improve their overall wellbeing.

To reduce social isolation among people aged 60 +. Our Golden Years

programme offers a wide-ranging

programme of events including, yoga, tai chi, bingo, music, arts & crafts, outings and shared lunches that bring older people together.

To give young families a better start in life. We have established a nursery for 20 children, and host Stay and Play sessions for Parents and Carers from ages 0-5.

To support Community Pride. We want to support our residents in time of need and have set up an SPCA Winter Boutique so visitors can pick up warm clothes donated by the community. We have offered free legal clinics focusing on Housing and Immigration as well as legal masterclasses in How to Start a Business. We have facilitated Community Events from celebrating festivities through to fundraising.

Policies

SPCA has a comprehensive policy framework. All our organisational and

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

operational policies are reviewed on an ongoing basis.

Public Benefit

The Trustees are aware of the Charity Commission guidance on Public Benefit as set out in the Charities Act 2006, and believe that SPCA achieves a public benefit by providing the services described below.

The principal activities of the charity during the year continued to support the wellbeing of the Camden Community.

Volunteers

The Trustees (who are volunteers themselves) and Director are grateful to the many volunteers who have shared their time and expertise helping with:

We held VolunteerFest in March 2023 to onboard new volunteers.

Activities, Achievements and Outcomes

Community Kitchen and Warm Space

Following a private donation from a generous local couple who gave us £3600 to start the project, our Community Kitchen and Warm Space launched in November 2022. Operating on 2 evenings a week, on average, we host 40-50 members of the community per session and we provide hot drinks, healthy meals and children’s activities. We have been featured on the We Make Camden Website - www.wemakecamden.org.uk/spca/. The project is so much more than a hot meal and free drink in a warm welcoming environment. It’s a place where both adults and children have made friends and it connects the community to alleviate loneliness. It’s also a space where people feel safe to talk and can be signposted to further advice and help if they need it including referrals to The Little Village, calls to Housing Authorities and Health Visitors, as well as Food Bank Vouchers.

Some of the feedback includes:

‘ This is the first time I’ve felt full in a long time ’, ‘ The cost of living means I’m not switching on the heating, here I’m warm, fed and I have made loads of friends on the

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

way’ and ‘I live on my own, I feel really isolated, but my week is much easier knowing that 2 evenings a week I’m somewhere I feel welcome, and somewhere that’s close to home.’

Little St Pancras Nursery

We continued to give every child an equal opportunity to participate and contribute, regardless of their differences, and encourage them to develop to their full potential.

This year the needs of the children included autism, deafness, extreme non-verbal behaviour with eating difficulties, speech and language with few words and poor pronunciation, as well as English as an additional language.

There were 16 children in nursery, 7 of which had additional needs and we sought outside support from the Inclusive Intervention Team (IIT) from Camden Council. Some of the outside agencies that the Nursery Manager worked with are Highly Specialist Speech and Language Therapist - Service for Children who are Deaf, Whittington Health NHS, Frank Barnes School for Deaf Children and Early Intervention and Prevention.

Some of the feedback includes:

‘My child’s nursery is amazing. The caregivers are dedicated and create a loving environment where children feel happy, learn, and make lasting memories”, ‘I want to say thanks for not just inspiring my son, but me too, to come out of our shells and move forward’ and ‘Thank you for being such amazing teachers! My daughter has enjoyed her time at SPCA nursery and will miss it a lot’.

Community Garden

We were awarded £10K lottery funding in October 2022. Due to the change of directorship and the time commitments from Kentish Town City Farm, our Partner, work only began on the garden mid-March 2023. The remaining funding will be spent in 23/24. We had a garden permablitz day where 25 volunteers came to the garden to build raised beds and plant seeds in the space.

The garden is used by all generations, from Early Years in our Nursery and the Stay and Play sessions, as well as being used by our Community Kitchen and Golden Years. In addition we use the space for community events which included our Xmas Fayre.

Our next objective is to create more interactive and inclusive gardening events for the whole community. Developing this space was a great addition to our wellbeing offer. With the well-studied benefits of spending time outside, including benefits to mental health especially in these hard times, we will continue to secure funding to provide many more opportunities for activities and events outdoors, including workshops to help people learn, create connections and also improve their overall wellbeing.

Some of the feedback includes:

‘ We don’t have our own garden, we think of the SPCA Garden as our own’, ‘it’s a

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

really safe space for my children to play outside without having to worry about what they are doing’ and ‘it’s great to have some outside space for the kids to play in whilst I spend time in the garden with my friends’.

Golden Years Programme

The programme, funded by City Bridge Trust and Mercers has grown from strength to strength delivering over 48 activities per month, from physical activities including Chair Exercise, Tai Chi and yoga, to Bingo, arts and crafts and drawing, tea parties and outings.

Our membership was initially free, however the trustees decided to introduce a nominal membership fee of £10 in February 2023 with bursaries available to ensure inclusion.

Just a few of the many outcomes for our members of this really key project include increased levels of activity leading to improved physical and wellbeing. Increased self-esteem and the ability to create connections and reduce loneliness. Members are able to maintain their personal interests and hobbies which reaffirm their personality and identity. All of these benefits improves quality of life and in the long term reduces hospital admission and unnecessary deterioration in health.

Some of the feedback includes:

‘I love coming here – people are so welcoming, and the classes are great, especially Joe’s drawing class’, ‘The centre itself is welcoming and colourful, it’s a place to relax and meet people whilst attending all the different activities’ and ‘I enjoy coming to the centre because the staff are really nice and polite’.

Wellbeing programme

Our funded wellbeing programme continued to encourage healthy lifestyles among local people who would not otherwise take regular exercise, eat healthily or manage their mental or physical health. Free classes offered include include Fencefit for children, Women’s Fitness Fusion, Reggae Aerobics for the whole family, Childrens 8+ football, Over 30s Men Boxercise and Adult Taekwondo. We have attendance of over 90 participants across our programme per week.

Community and Fundraising events and Workshops

We held a variety of events for the community including:

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

Reserves Policy

We aim to accumulate sufficient reserves to underwrite 12 months of operational costs excluding the replacement of large capital items. Running costs for 3 months is approx. £98K and we have that in our unrestricted funds.

Financial Review

This year our income was £404,829 vs £378,775 (£26,054 higher than previous year). The expenditure was £391,247 vs £374,992 (£16,255 higher than previous year).

Income generation

Indoor Room/Outdoor Pitch Hire

This year we generated £124,449 vs £89,494 in 2021/2022 (£34,955 increase as we were able to hire our indoor spaces again, post Covid).

Funding received

Funding income for this year was £65,574 vs £87,789in the previous year, a decrease of £22,215. One of the main factors include the Stay and Play contract going to the Early Years Alliance so we received £15K less than we did in 2021/2022.

Last year we received £56,574 which was not repeated this year from the following grants: Community Impact Fun, Francis Crick HS2 – Health Living, LBC 0S106 Garden and CJRS.

This year new funding, totalling £56,429 came from: Camden Local Inclusion Funding, LBC Community Kitchen and Warm Space, LBC Resilience Fund for our Wellbeing Programme, National Lottery Community Fund for our Community Garden.

Risk Management

The Board believe that some financial risks are future commercial rent, maintenance costs and the unprecedented increase in utilities and fuel costs. Alongside this, general wage inflation needs to be factored in. Securing funding has got harder throughout the sector, as discussed in a VAC CEO networking meeting. We have reserves to cover 3 months operating costs to help offset some risks.

Plans for the Future

Since March 2022, we’ve been through an unpredictable challenge of having to close the Centre for 4 month. This was following a major drying and refurbishment programme following a flood in November 2022 due to a burst Thames Water pipe. A lot of time has had to be spent planning and implementing this programme to ensure our key projects are carried out.

Despite this, we were able to hire external spaces to keep our Golden Years

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

sessions running, this included using our Community Garden for some sessions. We also continued with our Community Kitchen in the garden too. Plans for the future include:

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.

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St Pancras Community Association The report of the trustees for the year ended 31 March 2023

Statement of Trustees Responsibilities

The Trustees are aware that Company law requires the Trustees to prepare financial

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Method of preparation of accounts

The accounts have been prepared in accordance with the charity’s Memorandum and Articles of Association and comply with the Companies Act 2006 and the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities Act 2011.

14/11/2023 This report was approved by the Board of Trustees on ........................... and signed on its behalf by:

Aceil Haddad (Nov 14, 2023 12:27 GMT) ……………………………

Aceil Haddad

Chair of Trustees

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Chartered Accountants' independent assurance report on the unaudited accounts of ST. Pancras Community Association

To the Board of Directors of ST. Pancras Community Association ('the Company')

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2023 which are set out on pages 11 to 18.

Responsibilities and basis of report

As the charity 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 company'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

Since the company's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountant in England and Wales 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 accounts to be reached.

Asim Malik

Asim Malik (Nov 14, 2023 12:35 GMT)

Asim Malik, FCA

Date 14/11/2023…...................

Chartered Accountant

Hamilton Coopers

66 Earl Street Maidstone Kent ME14 1PS

10 | Page

ST. Pancras Community Association Statement of Financial Activities (including consolidated income and expenditure account) for the year ended 31 March 2023

**Unrestricted ** Designated Restricted Total Last Year
Funds Funds Funds Funds Total Funds
Notes 2023 2023 2023 2023 2022
£ £ £ £ £
Incoming resources
Incoming resources from generated funds
Voluntary Income 5 53,082 - 211,932 265,014 287,789
Activities for generating funds 128,378 - 9,349 137,727 90,935
Investment Income 2,088 - - 2,088 51
Total incoming resources 183,548 - 221,281 404,829 378,775
Costs of charitable activities 6 190,619 - 195,829 386,448 369,631
Governance costs 3,877 - 922 4,799 5,361
Total resources expended 194,496 - 196,751 391,247 374,992
Net income/expenditure
before transfers between funds (10,948) - 24,530 13,582 3,783
Gross transfers between funds (4,153) - 4,153 - -
Net movement in funds (15,101) - 28,683 13,582 3,783
Reconciliation of funds
Total funds brought forward 220,166 35,834 25,645 281,645 277,862
Total Funds carried forward 205,065 35,834 54,328 295,227 281,645

The notes on pages 13 to 18 form an integral part of these accounts.

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ST. Pancras Community Association Company Number 03870917 Balance Sheet as at 31 March 2023

Tangible assets
8
Current assets
Debtors
9
Cash at bank and in hand
Total current assets
Creditors:-
amounts due within one year
10
Net current assets
Total assets less current liabilities
Net assets
The funds of the charity :
11
Unrestricted funds
Designated funds
Restricted funds
Total charity funds		 £
£
3,628
10,580
326,619
337,199
(45,600)
291,599
295,227
295,227
205,065
35,834
54,328
295,227
2023		 £
£
6,577
7,591
306,321
313,912
(38,844)
275,068
281,645
281,645
220,166
35,834
25,645
281,645
2022

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

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 m accordance with the provisions applicable to charitable companies subject to the small companies regime

Approved by the board of trustees and authorised for the issuance on …..................14/11/2023

Aceil Haddad (Nov 14, 2023 12:27 GMT) Aceil Haddad Trustee

The notes on pages 13 to 18 form an integral part of these accounts.

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ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

1 Accounting policies

The principal accounting policies adopted in the preparation of the financial statements are setout below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

Accounting convention

a) Basis of preparation:

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.

The charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Incoming Resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants It is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from charitable activities includes primary purpose trading

Income from charitable activities includes primary purpose trading, income earned both from the supply of goods or services under contractual arrangements or grant agreements, which have conditions that specify the provision of particular goods or services to be provided and undertaken for the charitable purposes of the charity.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

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.

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ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

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.

Taxation

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

Leasing

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Short leasehold 25% on cost Plant and machinery 25% on cost

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

Debtors

Debtors are recognised at the settlement recoverable amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes is held to meet short-term cash commitments as they fall due rather than for investment purposes and may include short-term deposits.

Going concern and Covid 19

Although the Association has been impacted by the Covid 19 pandemic, the trustees confirm they secured sufficient income for the next twelve months to keep the charity in operation.

As a result of this, the trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Creditors, deferrals and provisions

Creditors and provisions are liabilities where we have a present obligation to a third party that we shall normally pay by cash. Provisions are measured or estimated as reliably as possible.

Where performance-related conditions are specified in a grant, the income will only be recognised to the extent that the charity has provided the facility or service. Any income received in advance of the conditions being met are deferred and shown under creditors.

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.

Lease

Rentals payable under operating leases, including any lease incentives received, are charged to income on a straightline basis over the term of the relevant lease.

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ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

Critical accounting 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 experience 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.

2 Winding up or dissolution of the charity

The Charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10. Names of its directors and registered office is mentioned on page 1.

3 Expenses paid to trustees or persons connected with trustees

The aggregate amount of expenses paid to trustees was 2023
£
50		 2022
£
60

4 Trustees

None of the Trustees (or any persons connected with them) received any remuneration during the year nor were they reimbursed any expenses.

5 Detailed analysis

Unrestricted
funds
2023
£
Incoming resources
Income From Grants And Service Contracts
LBC - Strategic Partnership Funds
49,000
LBC - COVID 19 Grant
-
LBC - Stay and Play
-
C4-CIA Digital Infrastructure fund
-
LBC - Nursery Fees
-
Community Impact Fund
-
Francis Crick
-
HS2 - Healthy Living
-
LBC- S106 - Garden
-
CJRS
-
City Bridge Trust
-
Mercers Trust
-
Camden Local Inclusion Funding (CLIF)
LB Camden
LBC Resilience Fund
National Lottery Community Fund
Sundry grants
2,950
LBC - Cycling in St Pancras
-
Donations
1,132
53,082		 Restricted
funds
2023
£
-
15,000
76,336
-
-
-
-
-
27,452
36,065
7,440
25,434
10,000
10,000
605
-
3,600
211,932		 Total
funds
2023
£
49,000
-
15,000
-
76,336
-
-
-
-
-
27,452
36,065
7,440
25,434
10,000
10,000
3,555
-
4,732
265,014		 Total
funds
2022
£
49,000
12,000
30,000
2,000
79,470
5,668
3,500
37,500
6,028
3,878
25,000
31,139
-
-
-
-
-
2,000
606
287,789

15 | Page

ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

6
7		 Trading Income
Letting of Rooms
72,284
-
Holiday for over 60's
-
7,183
Letting Sports Pitch
52,165
-
Nursery Income
-
-
Golden years membership fee
910
Sundry Income
3,929
1,256
128,378
9,349
Investment income
2,088
-
Analysis of charitable expenditure
Unrestricted
Restricted
funds
funds
£
£
Staff Cost
151,881
124,941
Premises and IT
12,391
25,456
General administrative expenses
17,346
45,200
Professional fee
1,757
-
Other cost
7,244
232
Governance cost allocation
3,877
922
Total cost
194,496
196,751
Staff Costs and Emoluments
Salaries
Pension Contributions
Numbers of full time employees or full time equivalents
Charitable activities
There were no fees or other remuneration paid to the trustees
There were no employees with emoluments in excess of £60,000 per
The key Management Personnel is the Chief Executive Officer whose
Chief Executive Officer's remuneration		 72,284
34,112
7,183
-
52,165
55,382
-
800
910
-
5,185
641
137,727
90,935
-
51
2023
2022
£
£
Total
Total
276,822
284,960
37,847
24,571
62,546
58,153
1,757
983
7,476
964
4,799
5,361
391,247
374,992
2023
2022
£
£
248,530
262,434
14,739
16,510
263,269
278,944
2023
2022
9
9
annum
remuneration for the year was
2023
2022
49,040
47,397

Remuneration includes other cost associated with National Insurance and Pension.

16 | Page

ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

8 Tangible functional fixed assets

Short
leasehold
£
Asset cost, valuation or revalued amount
At 1 April 2022
11,739
At 31 March 2023
11,739
Accumulated depreciation and impairment provisions
At 1 April 2022
11,738
Charge for the year
-
At 31 March 2023
11,738
Net book value
At 31 March 2023
1
At 31 March 2022
1
9
Debtors
Trade debtors
Prepaid expenses
Total
10 Creditors: amounts falling due within one year
Trade creditors
Accrued expenses
Other taxes
11 Analysis of the Net Movement in Funds
Unrestricted
funds
Balance as at 1st April 2022
220,166
Incoming resources
183,548
Resources expended
(194,496)
Net transfers between funds
(4,153)
Balance as at 31st March 2023
205,065
Analysis of Restricted funds
LBC - Nursery Fees
Older people
Big Lottery - Garden
Community Kitchen
Others		 Plant and
machinery
£
22,544
22,544
15,968
2,949
18,917
3,627
6,576
2023
£
9,774
806
10,580
2023
£
5,581
35,794
4,225
45,600
Designated
funds
35,834
-
-
-
35,834
2023
£
-
18,708
6,894
21,042
7,684
54,328		 Total
£
34,283
34,283
27,706
2,949
30,655
3,628
6,577
2022
£
6,785
806
7,591
2022
£
4,882
28,933
5,029
38,844
Restricted
funds
25,645
221,281
(196,751)
4,153
54,328
2022
£
7,690
10,271
-
-
7,684
25,645

The designed funds relates to funds earmarked for the building development and the fund raising support.

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ST. Pancras Community Association Notes to the Accounts for the year ended 31 March 2023

12 General Information

St Pancras Community Association is a company, limited by guarantee, incorporated in England & Wales, registered number 03870917. The registered office is 67 Plender Street, London, NW1 0LB. Its registered charity number is 1078428.

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