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
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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