Holloway Educational and Cultural Centre Charity No. 1101128 Trustees, Report and Unaudited Accounts 31 March 2025
Holloway Educational and Cultural Centre Contents Pages 2to3 Trustees, Annual Report Independent Examiner's Report Statement of Financial Activities 4t04 5t05 Balance Sheet 6t06 Statement of Cash flows 7t013 Notes to the Accounts 14to14 Detailed Statement of Financial Activities 15to16 Pa£e I
Holloway Educational and Cultural Centre Trustees Annual Report Holloway Educational and Cultural Centre The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1101128 Principal Office 440 Hornsey Road London N19 4EB Trustees The following trustees served during the year: M.K.A. Bhuiyan M.H. Bhuiyan M.R. Hussain M.A. Karim J. Khan M.1. Mohamed M.A. Rahman O.W. Rahman M.B. Uddin Accountants CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London NI 9PF Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ OBJECTIVES AND AcfiviTIES Pa2e 2
Holloway Educational and Cultural Centre Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DEfAILS Charity No. 1101128 Prlncipal Offjce 440 Hornsey Road London N19 4EB Trustees The following trustees served during the year: M.A. Rahman M.R. Hussain M.A. Karim J. Khan M.K.A. Bhuiyan M.1. Mohamed O.W. Rahman M.B. Uddin M.H. Bhuiyan A. Abdulqadir Accountants CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London NI 9PF Bankers CAF Bank Limited 25 Kings Hill Avenue Kings H ill West Malling Kent ME19 4JQ
Objectives The charity's objects as laid out in its constitution, are: a) To promote the benefit of the inhabitants of Islington and the surrounding neighbourhood without distinction of sex or of political, religious, or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of local welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. bl To establish or to secure the establishment of a community centre. Achievements and performance Academy Our Academy has been continuously steadily developing the quality of educational provision for children and young people between the school years one to 11. The Academy closely, as far as possible. follows the school calendar. The Academy is led by our Imam and have several volunteers. The main objectives of the Academy are: 11 To provide a safe space for children to connect to their culture and religion 21 To enhance children's confidence within themselves by progressing them in the Quran Tajweed. Memorisation and General Knowledge. 3) To provide a sense of community to all who are part of the Academy, staff, volunteers, pupils, and parents. The Academy operates within a fee-based structure to cover its costs and various discounts are available. Academic year ends with the sports day and a trip out. This year 14 students graduated from the academy. We had an average of 90 children attending the classes over a week an increase of 30 from last year. We have successfully started a Hifz program initially for boys starting with a class of eight students on weekday evenings. Daily Prayers The centre is open for the five daily prayers to the community. The number of attendees are slowly increasing. Depending on times and time of year at any one prayer there was between 20 to 100 members of the community attending. For the five daily prayers on average, we have over 200 attendees across the five prayers. Iftar (breaking fast) and Tarawih {night prayers) During the holy month of Ramadan, the centre provided food for the community to breakfast every day, Number of people breaking fast varied each day between 60 to 100. Additional daily night prayers also held each night of Ramadan. Over 150 attendees participated in the daily nightly prayers.
Adult Quran Classes Our adult Quran classes continue to provide a necessary service. A separate adult Quran class for men and women is provided. These are structured 10-to-12-week courses. For the ladies this includes an additional hour of Quran tafsir. Community Visits Our team of volunteers on average conducted over 20 weekly visits as part of our outreach programme to engage with adults at risk, those who are living alone, in poor health sick, suffering from bereavement and the youth. Our experienced volunteers to offer advice and support, including referra15 to agencies. Daily reflection circles Daily reflection circles were held and organised by our volunteers about the prophetic teaching on faith and good character. 15 to 30 attended for the circle daily. Quran Tafslr On Monday evenings volunteer scholars deliver a Quran tafsir session for 30 to 45 minutes. Numbers attending varies from about 15 to 40. This replaces daily reflection circle on Mondays. Funday Our annual summer funday was held in July 2024. It was organised by members of the community. Academy parents and volunteers. We hired bouncy castle, BBQ slush puppy, face painting, henna artist, food from many cultures and many other stalls were the features. Over three hundred people participated and had a wonderful experience. Residential and pick up services Religious trips to events and residential visits to mosques and pick up and drop of services for users of the centre for the elderly and youth. Islamophobia Awareness We have joined the Islington Council's and local police Islamophobia awareness drive. Two of our volunteers {one male one female) have been trained and are actively working with the said organisations and the community. Financial Revlew There were no disclosable related party transactions during the year {2025 - none). None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. One trustee was paid volunteer expenses. No money amount was paid to the independent examiner as they are providing this service pro bono.
Governing document HECC is registered as a charity with Charity Commission under charity number 1101128. The th constitution document is dated 24 August 2003. Structure. governance and management The charity is a charitable organisation registered with the Charity Commission. The charity trustees manage the affairs of the charity. There must be at least ten and not more than thirteen charity trustees appointed at the AGM. Honorary Officers Chairman, Secretary and Treasurer are elected from amongst the trustees. Trustees and trustee appointments The Trustees who served during the year are as above. Trustees are elected by members as per the governing documents of the charity at the meeting of members AGM. Trustees stand for election at an AGM. New trustees, prior to their appointment, attend an introductory session on the responsibilities and expectations of a trustee at HECC. They are made aware of the aims and objectives of the charity, policies and procedures as well as characteristics and behaviours expected of them when conducting their work as a trustee of HECC. They are then paired with an existing trustee to help adjust to the charities working practices. New trustees receive a copy of the constitution, the latest financial statements, access to the Charity Commission guidance The Essential Trustee, and recent publications. Statement of trustees. responsibilities in relation to the financial statements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of fraud and other irregularities. Public Benefit The Trustees confirms that they abide by the Charity Commission's general guidance on public benefit complying with Section 4 of the Charities Act 2011 to have due regard to public benefit in pursuance of its objectives and activities. The trustees feel that the activities carried out by our charity outlined in this report provide benefit to the users of the centre and the wider community. Reserve Policy The trustees recognise the requirement to keep reserves to allow key activities to continue in case some shortfa115 occur in income. The reserves ensure as far as possible the sustainability of the charity's key activities.
The trustees aim to maintain free resep4es in unrestricted funds at a level which equates to approximately three months of charity's unrestricted expenditure. The agreed reserve to be kept will be £15000. The trustees consider that, in the event of a downturn in the receipt of donations, this level will provide necessary funds to ensure that support and governance costs are covered. The trustees consider that this level is sufficient, as the giving of donations, tradition is strong in the community of such a faith-based organisation. Risk Management The trustees believe that sound risk management is integral to both good management and good governance practice. Risk management forms an important part of the charitls decision-making and is incorporated within planning. A detailed risk register is to be drafted and will be maintained and will regularly review and monitor the effectiveness of its risk management framework and update it as necessary. Insurance cover is in place and appropriate DBS checks and policies are in place, for those who work with children and vulnerable groups, and are reviewed regularly. Future charitable activities We are looking into the following as future activities: l) Additional youth events, with lectures, careers advice, social issues etc for boys and girls 2} Gir15 Hifz class 3) Charity car wash fundraiser 4) Academic subject tuition Volunteers HECC recognises the extraordinary contributions of its volunteers who work tirelessly to serve the local community. Volunteers are heart of our activities from daily, weekly, seasonal and annual artivities that the centre provides. We are looking to create a volunteer portal/group to ease the process of connecting people with activities and services for the community. Volunteers are to be appreciated through the annual event/dinner. Signed on behalf of the charity's trustees. M A Rahman Trustee 31 December 2025
Holloway Educational and Cultural Centre Trustees Annual Report The charity's objects as laid out in its constitution, are: al To promote the benefit of the inhabitants of Islington and the surrounding neighbourhood without distinction of sex or of political, religious, or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of local welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants. b) To establish or to secure the establishment of a community centre. Statement of trustees, responsibilities in relation to the financial ststements The charity trustees are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The trustees are responsible for keeping proper accounting records that 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 Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are a150 responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. Signed on behalf of the charity's trustees M.R. Hussain Trustee 31 March 2025 Paoe 3
Holloway Educational and Cultural Centre Independent Examiners Report Independent Examiner's Report to the trustees of Holloway Educational and Cultural Centre I report to the trustees on my examination of the financial statements of Holloway Educational and Cultural Centre for the year ended 31 March 2025. Responsibilities and basis of report As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 {'the Act,). I report in respect of my examination of the charity'5 financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5l(bl of the Act. Independent examiner's statement I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: the accounting records were not kept in respect of the charity as required by section 130 of the Act; or the financial statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair, view which is not a matter considered as part of an independent examination. 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. Mr Ali Arif Institute of Financial Acc CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London ntants NI 9PF 31 March 2025 Paoe 4
Holloway Educational and Cultural Centre Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds Total funds Total funds 2025 2025 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other 19,902 39,015 12,245 19,902 39,015 12,245 10,763 40,665 Total 71,162 71,162 51,428 Expenditure on: Charitable activities Other 52,902 22,846 52,902 22,846 7,723 29,013 Total 75,748 75,748 36,736 Net gains on investments Net {expenditure)lincome Transfers between funds (4,586) {4,586) 14,692 Net lexpenditure)/lncome before other gains/(losses) (4,586) {4,586) 14,692 Other gains and losses Net movement in funds {4,5861 {4,586) 14,692 Reconciliation of funds: Total funds brought forward 71,675 71,675 56,982 Total funds carried forward 67,089 67,089 71,674 Paoe 5
Holloway Educational and Cultural Centre Trustees Annual Report The trustees present their report with the unaudited financial statements of the charity for the year ended 31 March 2025. REFERENCE AND ADMINISTRATIVE DETAILS Charity No. 1101128 Principal Office 440 Hornsey Road London N19 4EB Trustees The following trustees served during the year: M.A. Rahman M.R. Hussain M.A. Karim J. Khan M.K.A. Bhuiyan M.1. Mohamed O.W. Rahman M.B. Uddin M.H. Bhuiyan A. Abdulqadir Accountsnts CWA Certified Accountants Unit 4, 3rd Floor 80-82 White Lion Street London NI 9PF Bankers CAF Bank Limited 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ
Objectives The charity's objects as laid out in its constitution, are: a) To promote the benefit of the inhabitants of Islington and the surrounding neighbourhood without distinction of sex or of political, religious, or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of local welfare for recreation and leisure time occupation with the object of improving the condition5 of life for the said inhabitants. b) To establish or to secure the establishment of a community centre. Achievements and performance Academy Our Academy has been continuously steadily developing the quality of educational provision for children and young people between the school years one to 11. The Academy closely, as far as possible, follows the school calendar. The Academy is led by our Imam and have several volunteers. The main objectives of the Academy are: l} To provide a safe space for children to connect to their culture and religion 21 To enhance children's confidence within themselves by progressing them in the Quran Tajweed, Memorisation and General Knowledge. 3) To provide a Sense of community to all who are part of the Academy, staff, volunteers, pupils, and parents. The Academy operates within a fee-based structure to cover its costs and various discounts are available. Academic year ends with the sports day and a trip out. This year 14 students graduated from the academy, We had an average of 90 children attending the classes over a week an increase of 30 from last year. We have successfully started a Hifz program initially for boys starting with a class of eight Students on weekday evenings. Daily Prayers The centre is open for the five daily prayers to the community. The number of attendees are slowly increasing. Depending on times and time of year at any one prayer there was between 20 to 100 members of the community attending. For the five daily prayers on average, we have over 200 attendees across the five prayers. Iftar (breaking fast) and Tarawih (night prayers) During the holy month of Ramadan, the centre provided food for the community to breakfast every day. Number of people breaking fast varied each day between 60 to 100. Additional daily night prayers also held each night of Ramadan. Over 150 attendee5 participated in the daily nightly prayers.
Holloway Educational and Cultural Centre Balance Sheet at 31 March 2025 Charity No. 1101128 2025 2024 Current assets Debtors Cash at bank and in hand 125,000 27,687 152,687 145,598) 107,089 125,000 37.274 162,274 150,600) 111,674 Creditors: Amount falling due within one year Net current assets io Total assets less current liabilities 107,089 111,674 Creditors: Amounts falling due after more than one year Net assets excluding pension asset or liability li (40,0001 67,089 {40,000) 71,674 Total net assets 67,089 71,674 The funds of the charity Restrirted funds Unrestricted funds General funds 12 12 67,089 71,675 67,089 71,675 Reserves 12 Total funds 67,089 71,674 Approved by the trustees on 31 March 2025 And signed on their behalf by.. M.A. Rahman Trustee 31 March 2025 PaRe 6
Holloway Educational and Cultural Centre Notes to the Accounts for the year ended 31 March 2025 l Accounting pollcles Basis of preparation The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 1021 and the Charities Act 2011. Change in basis of accounting or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Fund accounting Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity. These are unrestricted funds earmarked by the trustees for particular purpose5. These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. These are available for use subject to restrictions imposed by the donor or through terms of an appeal. Designated funds Revaluation funds Restricted funds Income Recognition of income Income is included in the Statement of Financial Activities (SOFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SOFA. Donations and legacies Voluntary income received by way of grants, donations and gifts is included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gain5/llosses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(lossesl on investment assets This includes any gain or loss on the sale of investments. Pa2e 7
Holloway Educational and Cultural Centre Notes to the Accounts Expenditure Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity. Grants payable Governance costs Taxatlon The charity is exempt from tax on its charitable activities. Freehold investment property Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise. Related party transactions There were no disclosable related party transactions during the year {2025- none). None of the trustees lor any persons connected with them) received any remuneration or benefits from the charity during the year. No money amount was paid to the independent examiner as they are providing this service pro bono. Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equivalents Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments Wlth original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management. Paoe 8
Holloway Educational and Cultural Centre Notes to the Account5 Trade and other creditors Short term creditor5 are measured at the transaction price. Other 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. Research and development Expenditure on research and development is written off in the year in which it is incurred. Foreign currencies Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred. All exchange differences are are taken into account in arriving at net income/expenditure. Leased assets Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease. Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases. Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs. Assets held under finance leases are depreciated in the same way as owned assets. Operating lease payment5 are recogni5ed as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis. Pension costs The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds. Receipt of donated goods, facilities and services All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity. Paqe 9
Holloway Educational and Cultural Centre Notes to the Accounts 2 Statement of Financial Activities- prior year Unrestrirted funds Total funds 2024 2024 Income and endowments from: Donations and legacies Other 10,763 40,665 10,763 40,665 Total 51,428 51,428 Expenditure on: Charitable activities 7,723 29,013 7,723 29,013 Other Total 36,736 36,736 Net income 14,692 14,692 Net income before other gains/(losses) Other gains and losses: Net movement in funds 14,692 14,692 14,692 14,692 Reconciliation of funds: Total funds brought forward Total funds carried forward 56,983 56,983 71,675 71,675 3 Income from donations and legacies Unrestricted Total Total 2025 2024 Donations 19,902 19,902 19,902 19,902 10,763 10,763 4 Income from charitable activitles Unrestrirted Total Total 2025 2024 Tuition income 39,015 39,015 39,015 39,015 Pa£e 10
Hollowav Educational and Cultural Centre Notes to the Accounts 5 Other income Unrestricted Total Total 2025 2024 Rental income 11,900 345 11,900 345 40,130 535 Interest income 12,245 12,245 40,665 6 Expenditure on charitable activities Unrestrirted Total Total 2025 2024 Volunteer expenses Wages to tutors 542 52,902 52,902 7,181 52,902 52,902 7,723 7 Other expenditure Unrestricted Total Total 2025 2024 Employee costs Premise5 Costs 8,355 15,568 20,194 60 20,194 60 General administrative costs Legal and professional costs 2,592 22,846 2,592 22,846 5,030 29,013 8 Staff costs 2025 2024 Salaries and wages 4,515 4,515 No employee received emolument5 in excess of £60,000. 9 Debtors 2025 2024 Debtors: Anjuman Charity 125,000 125,000 125,000 125,000 Paoe 11
Holloway Educational and Cultural Centre Notes to the Accounts 10 Creditors: amounts falling due within one year 2025 2024 Creditor: HRL Charity Accruals 45,598 50,599 45,598 50,600 11 Creditors: amounts falling due after more than one year 2025 2024 Karza Hasana 40,000 40,000 40,000 40,000 12 Movement in funds Incoming resources (including other At l Aprll gains/losses 2024 At31 Resources expended March 2025 Restricted funds: Unrestricted funds: General funds 71,675 71,162 (75,748) 67,089 Total funds 13 Analysis of net assets between funds 71,675 71,162 (75,748) 67,089 Unrestrirted funds Total Net current assets Creditors due in more than one year and provisions 107,089 107,089 140,000) (40,000) 67,089 67,089 14 Reconcillation of net debt At31 At l April 2024 March 2025 Cash flows Cash and cash equivalents Bank overdrafts 37,274 150,599) {13,325) {9,587) 5,001 (4,5861 27,687 {45,5981 117,911) Bank loans (40,000) (40,000} {40,000) 140,000) Net debt 153,325) (4,586) {57,9111 PaRe 12
Holloway Educational and Cultural Centre Note5 to the Accounts Paoe 13
Holloway Educational and Cultural Centre Statement of Cash flows for the year ended 31 March 2025 2025 2024 Cash flows from operating activities Net (expenditure)lincome per Statement of Financial Artivities 14,5861 14,692 Adjustments for: Dividends, interest and rents from investments Decrease in trade and other payables (12,2451 {1} {40,665} {90,000} Net cash used in operating activities (16,8321 (115,9731 Cash flows from investing activities Dividends, interest and rents from investments 12,245 40,665 Net cash from investing activities 12,245 40,665 Net cash used in financing activities (3,0001 Net decrease in cash and cash equivalents (4,587) 178,308) Cash and cash equivalents at the beginning of the year (13,325) 115,581 Cash and cash equivalents at the end of the year (17,9121 37,273 Components of cash and cash equivalents Cash and bank balances Bank overdrafts 27,687 (45,598) 37,274 {50,599) (17,9111 113,325} Paoe 14
Holloway Educational and Cultural Centre Detailed Statement of Financial Activities for the year ended 31 March 2025 Unrestricted funds 2025 Total funds 2025 Total funds 2024 Income and endowments from: Donations and legacies 19,902 19,902 19,902 19,902 10,763 10,763 Charitable activities 39,015 39,015 39,015 39,015 Other 11,900 345 11,900 345 40,130 535 12,245 12,245 40,665 Total income and endowments 71,162 71,162 51,428 Expenditure on: Charitable activities 542 52,902 52,902 52,902 52,902 7,181 7,723 Total of expenditure on charitable activities 52,902 52,902 7,723 Salaries/wages Temporary staff 4,515 3,840 8,355 Premises costs Rates Light, heat and power Premises insurances Premises repairs and maintenance 4,681 13,708 1,805 4,681 13,708 1,805 810 6,487 1,461 6,810 20,194 20,194 15,568 General administrative costs, including depreciation and amortisation Bank charges 60 60 60 60 60 Legal and professional costs Other legal and professional costs 2,592 2,592 5,030 2,592 2,592 5,030 Total of expendlture of other costs 22,846 22,846 29,013 Pa2e 15
Holloway Educational and Cultural Centre Detailed Statement of Financial Activities Total expenditure 75,748 75,748 36,736 Net gains on investments Net (expenditure)/income 14,5861 {4,586) 14,692 Net {expenditure}/income before other gainslllosses) Other Gains (4,586) 14,586) 14,692 Net movement in funds (4,586) 14,586) 14,692 Reconciliation of funds: Total funds brought forward 71,675 71,675 56,982 Total funds carrled fonward 67,089 67,089 71,674 Paoe 16