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← Hillside Clubhouse

2025-03-31-accounts

Registered number: 03912530 England and Wales Charity Number: 1080735

ANNUAL REPORT AND AUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025

ANNUAL REPORT AND ACCOUNTS YEAR ENDED TO 31 MARCH 2025

Contents

17-26 Notes to the accounts

HILLSIDE CLUBHOUSE

Legal & Administrative Information

Company number - 03912530 (England and Wales) Charity number - 1080735 Trustees/Directors - D Barrett (Chairperson) A Christie S Rende C Morton J Cooke G Sanford K Wah Yip – resigned 15 November 2025 Company secretary - A Di Mascio Registered office and Operational address - Unit A 30 North Road London N7 9GJ Auditors - Simpson Wreford LLP Chartered Accountants & Registered Auditors Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

The Trustees present their report and the audited financial statements for the year ended 31 March 2025 which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act purposes.

The financial statements have been prepared in accordance with accounting policies set out in the notes to the accounts, the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association and Accounting, and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102).

OBJECTIVES AND ACTIVITIES

The Objects of the Charity are to relieve the needs of individuals suffering from mental or physical illness or impairment of any description, in particular but not exclusively by providing, or assisting in the provision of, psycho-social rehabilitative services in order that those individuals may regain their confidence and skills.

Hillside Clubhouse is a collaborative, coproduced organisation that provides a service for people with mental health conditions in Camden and Islington who are unemployed or requiring support to retain employment. Staff within Hillside Clubhouse provide holistic, tailored support for people at their point of need. There are three main services available to members through Hillside Clubhouse. These are:

The Clubhouse: a physical space where members can participate in the work-ordered day and recovery project. Members are integral to the running of the Clubhouse and help with admin, marketing, website design, social media, business development and creative sessions. We also run our catering arm from the Clubhouse where members and staff prepare food for the public and private catering events. Mental Health Working Islington is a commissioned service providing IAG, training, active volunteering and employment support from the Clubhouse.

IPS employment: Camden and Islington residents who are under a community mental health team can access rapid and timely employment support. Employment specialists are integrated into clinical teams and work with an individual to find work that meets their interests and needs, support them into a role and offer in-work support.

EA in Talking Therapies: Camden and Islington residents who are under the Talking Therapies service can access advice and guidance from an employment advisor. The service supports people to find work and offers retention support for people who are already in employment and are finding their mental ill health is impacting on their job.

Through the services detailed above, Hillside Clubhouse supports and encourages people to have greater agency in their lives by developing and sharing skills, accessing training, gaining and retaining paid employment and feeling more confident and less isolated.

PUBLIC BENEFIT PROVIDED BY THE CHARITY

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.

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REPORT OF THE TRUSTEES – 31 MARCH 2025

The company is a Charity and exists to provide rehabilitation and assistance to adults with a mental health condition.

SUMMARY OF MAIN DEVELOPMENTS AND ACHIEVEMENTS

Outlined below are the key successes and achievements for the financial year:

There have also been a number of challenges throughout the year:

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

OUTCOMES

Throughout the course of the year Hillside Clubhouse had 1,575 (2024: 1,033; 2023: 608) different people engage in its services. The chart below outlines the number of people supported by each service:

----- Start of picture text -----
2025 beneficaries 2024 beneficaries
CWAW EA CWAW IPS MHWI IPS CWAW EA CWAW IPS MHWI IPS
MHWI IAG Islington EA Clubhouse MHWI IAG Islington EA Clubhouse
----- End of picture text -----

IMPACT

Every year we do an annual evaluation of our services and ask members to feedback anonymously on their experiences at Hillside Clubhouse. A selection of the feedback is below:

“The people are very friendly and it feels like my community.”

“The staff I work with are attentive, understanding and encouraging.”

“The staff always treat me as an adult but are gentle with me on days when I feel timid in a way that doesn’t make me feel embarrassed.”

“Hillside has helped me to have a better relationship with my family and helped me to find and keep a job.”

“They make my life better and more meaningful.”

“I’m extremely appreciative… as hillside have made me feel a member of society.”

“I would be lost without Hillside. The care is incredible and the community priceless.”

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

The below chart outlines the impact coming to Hillside has had on people’s wellbeing:

Impact

Hillside has helped me to achieve my personal goals ~~OO~~ —EE ee Hillside has helped me to better manage my day-to-day… np————‘isOSOCSCS™S™*‘;CU Hillside has provided opportunities for training,… ~~Sl~~ si‘ia Hillside has helped me to feel more included in the… haat“‘Céié‘i‘i‘i‘i‘i‘i‘iti‘i:;w;:é‘<arr Hillside has helped me to feel less isolated ~~Ras~~ —————————C Hillside has helped to increase my motivation. hil ~~lo~~ ii iil Hillside has helped to increase my self−esteem. ~~as~~ | | Hillside has helped to increase my confidence. hi a L—lt—i‘i Hillside has helped to increase my independence ~~Cl|~~ Hillside has had a positive impact on my physical health. ~~HS~~ — sh Hillside has had a positive impact on my mental health. —E—————__—_lll tw

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% | Strongly Agree | Agree | Neutral | Disagree | Strongly Disagree

BENEFICIARIES

Breakdown by ethnicity within the Clubhouse:

----- Start of picture text -----
Other ethnic group
Arab
Other white
Roma
White Gypsy or Irish traveller
White Irish
White British
Other mixed group
White & Black Caribbean
White & Black African
White & Asian
Black / Black British
Black Caribbean
Black African
Asian / Asian British
Pakistani
Indian
Chinese
Bangladeshi
----- End of picture text -----

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

Breakdown by gender:

----- Start of picture text -----
Non−binary
Male
Gender−Prefer not to say
Female
Trans or Trans History
----- End of picture text -----

LOOKING AHEAD

Hillside Clubhouse’s plans for 2025/26 and beyond include:

GOVERNING DOCUMENT

Hillside Clubhouse Limited is a company limited by guarantee governed by its Memorandum and Articles of Association dated 6 December 1999 (as amended from time to time). It is registered as a charity with the Charity Commission (number: 1080735).

RECRUITMENT AND APPOINTMENT OF TRUSTEES

The Directors of the Company are also charity trustees for the purposes of charity law and under the company’s Articles are known as members of the Management Committee.

There is a trustee recruitment policy and new trustees are appointed on the basis of skills needed by the Board. Recruitment takes place through word of mouth, advertising through local bulletins and newsletters, through networking events, in newspapers and by mailouts as and when new trustees are needed.

There is an induction and training policy for trustees and all board members have role descriptions. New trustees receive a thorough induction which includes a visit to the Clubhouse, meeting with the Executive Director, attendance at a board meeting as an observer and notes of the last three board meetings. All trustees are required to sign a declaration of commitment and

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

qualification for trusteeship and a signed declaration of any interest in the Charity. Trustees have access to training and development opportunities with local voluntary action councils.

REFERENCE AND ADMINISTRATIVE DETAILS

The trustees delegate day-to-day management of the Charity to Anna Di Mascio, Interim Executive Director.

RISK MANAGEMENT

The trustees maintain a comprehensive risk register and action plan to minimise risks. This is reviewed on an annual basis.

Where appropriate, systems of procedures have been established to mitigate and minimise identified risks the charity faces by implementation of procedures such as the authorization of transactions and projects, levels of authorization, etc. Procedures are in place to ensure compliance with all statutory requirements, including employment law and the health and safety of staff at work. A risk assessment is carried out for all members and beneficiaries. A safeguarding policy is in place and staff have regular safeguarding training. Disclosure and Barring Service checks are carried out on all staff and volunteers who are likely to come into contact with vulnerable adults.

ORGANISATIONAL STRUCTURE

Hillside Clubhouse has a trustee board of no more than 12 persons and not less than four persons. The trustees, as directors are responsible for the overall policy and meet on average every six to eight weeks. Other ad hoc committees are convened as and when required. The board of trustees is responsible for overall policy but much of the day-to-day activity is conducted by individuals to whom it delegates authority.

Day-to-day responsibility is delegated to the Executive Director who has responsibility for the overall strategy and direction of the organisation and associated operational Directors who have responsibility for day-to-day operational matters. There is a Director of Clubhouse Operations and a Director of IPS and ES. There are four operational managers, two for IPS, and two for EA in Talking Therapies and two senior staff in IAG and the Clubhouse Recovery team.

There were a maximum of 33 other members of staff who were responsible for delivery of Hillside services to members in this year.

EQUALITY AND DIVERSITY AND SERVICE USER INVOLVEMENT

The trustees apply a thorough and robust approach to equality and diversity. In addition to operating a general equal opportunities policy, equal opportunities and diversity run through all strands of Hillside Clubhouse's policies, procedures, activities and monitoring and evaluation. This is further enhanced by member (service user) involvement running through all aspects of the Clubhouse's activities, delivery, management and planning. As a result of this Hillside Clubhouse’s current demographic makeup in terms of ethnicity and culture continues to be higher than the local demographic averages, both in terms of staffing and membership.

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

FINANCIAL REVIEW

Going forward the charity has planned prudently to ensure that financial risks are mitigated.

We have reviewed our fundraising strategy and have five areas of focus; diversification of income; expansion of the catering; developing our consultancy and training offer; securing future IPS contracts; and developing our impact measurement and evaluation techniques.

The principal sources of funding are explained in Note 14 to the accounts and all of these funds contribute towards the Charity’s aim of enabling Hillside Clubhouse members to lead more fulfilling lives, develop skills, gain employment and become more socially included in their communities.

At year end a surplus on general funds of £14,457 was held. The reason for the significant decrease in surplus compared to 2024 was due to additional wage costs for the year, in addition to an increase in administrative and premises costs.

The main sources of income during this period were: service level agreements and contracts with local authorities and grants. Smaller amounts of income were self-generated, including some external catering income.

The financial position is sound at year end and the organisation planned its budget for the next financial year during this period.

Designated reserves are held and are explained below.

RESERVES POLICY

The trustees have examined the charity’s requirements for reserves in light of the main risks to the charity . £729,221 is held in designated reserves. This is made up of £25,000 in a property refurbishment fund, £24,000 in a redundancy reserve fund, with the remaining £680,221 as a contingency fund. At year end, £528,806 was held in a restricted capital fund and £14,617 in restricted funds.

UNRESTRICTED RESERVES

While the current financial picture is healthy the Charity continues to be mindful of the current financial climate.

Trustees have carefully and prudently planned for contingencies with the aim of building up the unrestricted reserve to equate to a readily realisable amount equivalent to six months’ current turnover.

This reserve currently stands at £729,221, which equates to five months’ running costs at current levels.

The Trustees continue to plan to mitigate any potential risks which include:

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

Given the nature of our work with vulnerable people, the Trustees feel that if funding was lost and the organisation needed to refigure or wind down services, we would need to allow enough time to prepare people to move on and find alternative support, and that period would be at least six months.

CAPITAL ASSET (PROPERTY RESERVE)

While this is presented as part of the Charity’s reserves it is in practice money tied up in the new building (which we purchased). The funds could only be realised on sale of the building. It is therefore not money which is readily accessible or available to the Charity.

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The Trustees (who are also the directors of Hillside Clubhouse for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those financial statements, the Trustees are required to:

The Trustees are responsible for maintaining proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and 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 prevention and detection of fraud and other irregularities.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions

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HILLSIDE CLUBHOUSE

REPORT OF THE TRUSTEES – 31 MARCH 2025

STATEMENT OF DISCLOSURE TO OUR AUDITORS

In so far as the trustees are aware at the time of approving our trustees’ annual report:

AUDITORS

Simpson Wreford LLP were appointed as Independent auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the Statement of Recommended Practice – Accounting and Reporting by charities and with the small company regime (section 419 (2)) of the Companies Act 2006.

The Trustees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.

Signed on behalf of the board of Trustees/directors on 18 December 2025.

Dean Barrett

DeanBa r…rett ( D…e c 18,2…0 2 5 1…0:56:13…GMT)……D Barrett - Chairperson

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HILLSIDE CLUBHOUSE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF HILLSIDE CLUBHOUSE FOR THE YEAR ENDED 31 MARCH 2025

Opinion

We have audited the financial statements of Hillside Clubhouse (‘the charity’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, Statement of Cashflows, Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and the United Kingdom accounting standards, including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the Charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where:

Other information

The trustees are responsible for the other information. The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

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HILLSIDE CLUBHOUSE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF HILLSIDE CLUBHOUSE FOR THE YEAR ENDED 31 MARCH 2025

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the Charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of the trustees

As explained more fully in the trustees’ responsibilities statement set out on pages 9 – 10, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as they determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the Charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report.

Extent to which the audit was considered capable of detecting irregularities, including fraud

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HILLSIDE CLUBHOUSE

INDEPENDENT AUDITORS’ REPORT TO THE MEMBERS OF HILLSIDE CLUBHOUSE FOR THE YEAR ENDED 31 MARCH 2025

Audit response to risks identified

We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:

To address the risk of fraud through management bias and override of controls, we:

In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:

There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.

Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.

Use of our report

This report is made solely to the Charityʼs members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Charityʼs members those matters we are required to state to them in an auditorʼs report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charityʼs members as a body, for our audit work, for this report, or for the opinions we have formed.

Kate Taylor FCA (Senior Statutory Auditor)

for and on behalf of Simpson Wreford LLP, Statutory Auditor

Wellesley House Duke of Wellington Avenue Royal Arsenal London SE18 6SS

Dated:

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HILLSIDE CLUBHOUSE

STATEMENT OF FINANCIAL ACTIVITIES (Including Income and Expenditure Account) FOR THE YEAR ENDED 31 MARCH 2025

Notes
Income and Endowments from:
Donations and legacies
2
Investments
Charitable activities
3
Total
Expenditure on:
Raising funds
Charitable Activities
Other
Total
4
Net income / (expenditure)
Transfers between funds
Net movement in funds
13
Reconciliation of Funds
Total Funds brought forward
Total Funds carried forward		 Unrestricted
Funds
Designated
Funds
Restricted
Funds
Capital Restricted
Funds
(Stone Family &
Tudor Trust)
Total
Funds
Total
Funds
2025
2025
2025
2025
2025
2024
£
£
£
£
£
£
250,776
-
32,250
-
283,026
222,316
11,653
-
-
-
11,653
10,076
1,502,675
-
-
-
1,502,675
1,296,864
1,765,104
-
32,250
-
1,797,354
1,529,256
13,375
-
-
-
13,375
13,375
1,649,253
-
27,581
5,171
1,682,005
1,335,424
88,019
-
-
-
88,019
17,546
1,750,647
-
27,581
5,171
1,783,399
1,366,346
14,457
-
4,669
(5,171)
13,955
162,910
(14,457)
14,457
-
-
-
-
-
14,457
4,669
(5,171)
13,955
162,911
-
714,764
9,948
533,977
1,258,689
1,095,778
-
729,221
14,617
528,806
1,272,644
1,258,689

The Statement of Financial Activities includes all gains and losses in the year. All incoming resources expended derive from continuing activities.

The notes on pages 17 to 26 form part of these financial statements.

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HILLSIDE CLUBHOUSE

BALANCE SHEET AT 31 MARCH 2025

Notes
FIXED ASSETS
Tangible assets
9
CURRENT ASSETS
Stock
Debtors
10
Cash at bank and in hand
CREDITORS
Amounts falling due within one
year
11
NET CURRENT ASSETS
CREDITORS
Amounts falling due beyond one
year
12
NET ASSETS
FUNDS
Unrestricted
Unrestricted - designated
Restricted- capital
Restricted
TOTAL FUNDS
13		 2025
£
£

530,254
1,000
368,368
566,252
935,620
54,559
881,061
138,671
1,272,644
-
729,221
528,806
14,617
1,272,644		 2024
£
£
533,977
1,000
455,093
500,266
956,359
83,583
872,776
148,064
1,258,689
-
714,764
533,977
9,948
1,258,689

956,359
83,583

The accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act relating to small companies and constitute the annual accounts required by the Companies Act 2006 and in accordance with the Financial Reporting Standard in the UK and Republic of Ireland (FRS 102).

The financial statements on pages 14 to 26 were approved by the Trustees on 18 December 2025 and signed on their behalf by:

Dean Barrett

D e a n B a r r e t t (Dec18, 2 0 2 5 10:5 6:13 G M T ) D Barrett (Chairperson) …… … …… … … … ……. Company number: 03912530 (England & Wales)

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HILLSIDE CLUBHOUSE

STATEMENT OF CASHFLOWS FOR THE YEAR ENDING 31 MARCH 2025

Notes
Cash used in operating activities
19
Cash flows from investing activities
Interest income
Purchase of tangible fixed assets
Cash used in investing activities
Increase in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Total cash and cash equivalents at the end of the year		 2025
£
56,505
11,653
(2,172)
9,481
65,986
500,266
566,252		 2024
£
56,881
10,076
-
10,076
66,957
433,309
500,266

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HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

1. ACCOUNTING POLICIES

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.

Company information

Hillside Clubhouse is a company limited by guarantee, incorporated in England and Wales and registered as a charity with the Charity Commission. The registered office is Unit A, 30 North Road, London, N7 9GJ, which is also the principal place of business.

(a) Basis of preparation

The financial statements have been prepared in accordance with 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 (FRS102) – (Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in the financial statements are rounded to the nearest £.

The effects of events relating to the year ended 31 March 2025 which occurred before the date of approval of the financial statements by the Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date.

Hillside Clubhouse 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).

(b) Preparation of the accounts on a going concern basis

The charity is considered a going concern. Adequate funding has been achieved to facilitate the charity’s objectives and activities for the next 12 months. There are no material uncertainties about the charity’s ability to continue as a going concern.

(c) Incoming resources

Income represents grants, donations receivable and other sundry income receivable in the year ended 31 March 2025. All income is recognised over the period in which it relates to, following the accruals method. Grants for the purchase of fixed assets are credited to restricted incoming resources on the earlier date of when received or when they are receivable. Depreciation on the leasehold property is charged against the appropriate capital fund.

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HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

(d) Resources expended

Resources expended are recognised in the year in which they are incurred. Resources expended include attributable VAT which cannot be recovered.

Certain expenditure is directly attributable to specific activities and has been included in those cost categories. Certain other costs, which are attributable to more than one activity, are apportioned across cost categories on the basis of an estimate of the proportion of time spent by staff on those activities.

Charitable activities costs include the direct cost of providing services, as well as a share of overheads.

Other costs include the cost of compliance with the charity’s constitutional and statutory requirements.

The cost of generating funds relates to the costs incurred by the charity in raising funds for charitable work.

Depreciation on capital items is charged to the appropriate capital fund.

(e) Tangible fixed assets

Fixed assets are valued at cost, with impairment reviews performed annually. It is the policy of the company to provide depreciation at the following annual rate in order to write off each asset over its estimated useful economic life.

Leasehold property - Straight line over the 125-year duration of the lease
Integral features - Straight line over 50 years
Fixtures and equipment - 20% on cost
Computer equipment - 33.33% on cost

The Trustees have decided not to capitalise any item of equipment costing less than £500.

(f) Restricted funds

Restricted funds are to be used for specific purposes as lay down by the donor. Expenditure which meets these criteria is charged to the fund.

(g) Capital funds

Capital funds are restricted funds used to purchase capital items. Depreciation on the capital items is charged against the appropriate capital fund.

(h) Designated funds

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

(i) Unrestricted funds

Unrestricted funds are donations and other incoming resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds.

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HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

(j) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

(k) Pension contributions

The charity provides a defined contribution pension scheme for employees, the assets of which are held separately from those of the company in an independently administered fund. Contributions to this scheme are charged to the income and expenditure account as they become payable.

(l) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

(m) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered.

(n) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

19

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

2. VOLUNTARY INCOME

Grant income
Anonymous Donation
Awards for All
City Bridge Trust
Cripplegate Catalyst
Drapers Charitable Fund
Garfield Weston
Glasspool Trust
Govia Thameslink Rail
Southern Housing
Stone Family Trust
Taurus Foundation
Donations
Fundraising
Other		 Unrestricted
2025
£
Restricted
2025
£
Capital
2025
£
Total
2025
£
Total
2024
£
-
19,327
-
-
-
-
-
19,327
10,000
53,938
-
-
53,938
47,700
-
2,250
-
2,250
4,500
5,000
-
-
-
30,000
-
-
-
5,000
-
30,000
-
10,000
-
10,000
-
-
10,000
-
-
-
-
-
5,500
140,700
-
-
140,700
134,000
10,000
-
10,000
-
6,509
-
-
6,509
929
1,538
-
-
1,538
620
3,764
-
-
3,764
9,067
250,776
32,250
-
283,026
222,316

3. INCOME FROM CHARITABLE ACTIVITIES

Local authority service contracts
Camden Work and Wellbeing
Islington MHW
Islington IAPT
Islington IPS
Islington VCS
Islington Giving
London Catalyst
Hillside CIC reimbursements
External catering
Food income		 Unrestricted Restricted
Capital
Total
Total
2025
2025
2025
2025
2024
£
£
£
£
£
628,670
-
-
628,670
642,897
486,149
-
-
486,149
262,032
262,000
-
-
262,000
193,593
-
-
-
-
156,246
15,000
-
-
15,000
-
15,191
-
-
15,191
14,831
-
-
1,500
54,318
-
-
54,318
-
41,347
-
-
41,347
25,487
-
-
-
-
279
1,502,675
-
-
1,502,675
1,296,864

20

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

4. TOTAL RESOURCES EXPENDED

Fundraising
2025
£
Operational costs
Personnel costs
-
Premises costs
-
Direct operational costs
-
Depreciation
-
-
Support costs
Management costs
13,375
Accountancy and audit
-
Hillside CIC costs
-
Finance charges
-
IT expenses
-
Administrative costs
-
13,375
13,375		 Other
Charitable
activities:
Employment
and support
Total

2025
£
-
2025
£
1,469,529
2025
£
1,469,529
-
38,452
38,452
-
34,799
34,799
-
5,895
5,895
-
1,548,675
1,548,675
-
89,803
103,178

6,120
-
6,120
54,318
-
54,318
-
12,298
12,298
-
16,603
16,603
27,581
14,626
42,207
88,019
133,330
234,724
88,019
1,682,005
1,783,399		 Total
2024
£
1,138,350
25,153
30,659
5,171
1,199,332
103,178
8,756
-
12,854
15,690
26,534
167,013
1,366,346

Fundraising costs are composed of 10% of management costs on the basis of estimated time spent by staff on grant applications.

5. STAFF COSTS

Staff costs were as follows:
Salaries and wages
Social security costs
Pension		 2025
£
1,390,788
138,499
43,420
1,572,707		 2023
£
1,111,160
99,062
31,306
1,241,528

The average number of staff employed during the year, based on a full time equivalent, was as follows: -

Management
Recovery/ employment support workers
Senior staff
Bank staff		 2025
7
38
4
14
63		 2023
6
22
2
3
33

There were no employees with emoluments above £60,000.

22

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

6 . RELATED PARTY TRANSACTIONS

No Trustees’ expenses were reimbursed for during the year. There are no other related party transactions.

7. NET INCOME FOR THE YEAR

This is stated after charging:
Auditors’ remuneration - audit fee
Depreciation of owned assets		 2025
£
6,120
5,895		 2024
£
8,756
5,171

8. TAXATION

The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.

9. TANGIBLE FIXED ASSETS

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation
At 1 April 2024
Charges
At 31 March 2025
Net book value
At 31 March 2025
At 31 March 2024		 Leasehold
property
£
Computer
equipment
£
Fixtures
and
equipment
£
604,605
22,678
17,609
-
2,172
-
604,605
24,850
17,609
70,628
22,678
17,609
5,171
724
-
75,799
23,402
17,609
528,806
1,448
-		 Total
£
644,892
2,172
647,064
110,915
5,895
116,810
530,254
533,977
-
-		 533,977

The leasehold property has been pledged as security for the bank loan, further details provided in note 12.

22

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

10. DEBTORS

Trade debtors
Prepayments and accrued income
Other debtors
Total
11.CREDITORS:amounts falling due within one year
Trade creditors
Accruals and deferred income
Other creditors
Bank loans
Total		 2025
£
343,912
17,311
7,145
368,368
2025
£
16,199
20,490
8,527
9,343
54,559		 2024
£
439,189
11,140
4,764
455,093
2024
£
39,395
29,791
6,065
8,332
83,583

11. CREDITORS: amounts falling due within one year

12. CREDITORS: amounts falling due after one year

Bank loans 2<5 years
Bank loans >5 years		 2025
£
45,125
93,546
138,671		 2024
£
41,084
106,980
148,064

The bank loan is secured on the leasehold property. The total value secured as at 31 March 2025 is £148,026 (202 £156,396). £138,671 is included in creditors due after 1 year. £9,343 is included within creditors due within 1 year. A range of interest (5.95% to 8.95%) per annum is charged on the loan, which is payable by instalments.

24

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

13. ANALYSIS OF INCOME AND EXPENDITURE BY FUND

Restricted Funds
Cripplegate Catalyst
GlasspoolTrust
Islington Food Fund
London Catalyst
Southern Housing
Total Restricted Funds
Capital
Tudor Trust Building fund
Stone Family
Awards for All
Property fund
Total Capital Funds
Total Restricted Funds
Unrestricted Funds
General fund
Designated Funds
Property refurbishment fund
Contingency fund
Redundancy reserve fund
Total Designated Funds
Total Unrestricted Funds
Total Funds		 At 1 April
Incoming
2024 Resources
Outgoing
Resources
Transfers At 31 March
2025
£
£
£
£
£
594
2,250
1,609
1,187
2,422
-
30,000
25,972
-
4,028
2,667
-
-
-
2,667
1,187
-
-
(1,187)
-
5,500
-
-
-
5,500
9,948
32,250
27,581
-
14,617
177,600
-
1,600
-
176,000
8,031
-
179
-
7,852
8,031
-
179
-
7,852
340,315
-
3,213
-
337,102
533,977
-
5,171
-
528,806
543,925
32,250
32,752
-
543,423
-
1,765,104
1,750,647
(14,457)
-
25,000
-
-
-
25,000
665,764
-
-
14,457
680,221
24,000
-
-
-
24,000
714,764
-
-
14,457
729,221
714,764
1,765,104
1,750,647
-
729,221
1,258,689
1,797,354
1,783,399
-
1,272,643

14. ANALYSIS OF UNRESTRICTED AND RESTRICTED FUNDS

Purposes of capital restricted funds

The Tudor Trust grant of £200,000 was given specifically for the purpose of purchasing the leasehold building which Hillside Clubhouse moved into in 2011. Depreciation is charged against this fund on a straight-line basis over 125 years.

The Awards for All grant and Stone Family grant were both given for the purpose of purchasing partitions.

Hillside elected to transfer £343,528 in 2023 from free reserves to Capital Designated funds, in order to reflect the valuation of the property as a fund pot. This is to provide clarity over the level of available funds the organization currently has access to.

22

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

Purposes of designated funds

The property refurbishment fund is held separately for general future property repairs. The property reserve fund is shown separately to general reserves as this is the approximate amount of unrestricted reserves used in purchasing the new building and hence the fund has been set up for future depreciation charges. The redundancy reserve fund is held separately to general funds in case of the possibility of redundancies in the future. The Contingency fund contains approximately six months of income based on current levels in order to meet an unexpected call on funds, or to seize opportunities that may present themselves.

Purposes of revenue restricted funds

Balances on restricted funds represent unspent funds given specifically for individual projects. These balances will be carried forward and spent on each project in the following year. The purpose of each fund is as follows:-

Sufficient resources are held in each fund to enable the funds to be applied in accordance with any restrictions.

15. NET ASSETS

Tangible fixed assets
Net current assets
Long term liability		 Capital
Restricted
Revenue
Restricted
Designated
General
Total
Funds
Funds
Funds
Funds
Funds
2025
£
2025
£
2025
£
2025
£
2025
£
528,806
-
25,000
(23,552)
530,254
-
14,617
704,221
162,223
881,061
-
-
-
(138,671)
(138,671)
528,806
14,617
729,221
-
1,272,644

16. OTHER PROFESSIONAL SERVICES PROVIDED BY AUDITORS

In common with many other entities of our size and nature we use our auditors to assist with the preparation of the financial statements.

17. PENSION COMMITMENTS

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost and charge in the accounts represents contributions payable by the company to the fund and amounted to £43,420 (2024 £31,306). At 31 March 2025 £8,329 (2024 £5,423) was payable to the fund. Pension costs are allocated to funds based on the staff that are assigned to the specific fund.

22

HILLSIDE CLUBHOUSE

NOTES TO THE ACCOUNTS – 31 MARCH 2025

18. DEFERRED INCOME

Deferred income relates to grants received for which the charity has deferred into 2024/25. The deferred income of £24,271 relates to the grant from Islington Giving for £9,887, of which £4,944 has been deferred for the period 1 April 2024 – 30 September 2024, and the grant from Awards for All for £19,327 which has been deferred for the period 1 April 2025 – 31 March 2026.

Balance as at 1 April 2024
Amount released to income earned from charitable activities
Amount deferred in the year
Balance as at 31 March 2025		 Grants
£
24,271
(24,271)
13,950
13,950

19. RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net movements in funds
Add back: Depreciation
Deduct: Interest shown in investing activities
Decrease/(increase) in debtors
(Decrease)/increase in creditors		 2025
£
13,955
5,895
(11,653)
86,725
(38,417)
56,505		 2024
£
162,911
5,171
(10,076)
(146,484)
45,360
56,881

20. LIMITED LIABILITY

The Trustees of the company guarantee to contribute an amount not exceeding £1 each to the assets of the charity in the event of winding up.