2024-12-31-accounts - The Fitzrovia Community Centre Limited

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The Fitzrovia Community Centre Ltd

(A Company Limited by Guarantee)

Registered Charity No. 1104135 Registered Company No. 04755140 (England and Wales)

Annual Report and Financial Statements For the year ended 31[st ] December 2024

THE FITZROVIA COMMUNITY CENTRE LTD LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024

Company number 04755140 Charity number 1104135 Registered office & 2 Foley Street operational address London, W1W 6DL Board of Trustees David A Whittleton Jairo Ouko Acting Chair Bee de Soto Fiona Clark Senior Management Team Donna Yay Director (CEO) Gaby Antonutto - Foi Programme & Volunteer Manager Bankers Unity Trust Bank Plc PO Box 7193 Planetary Road Willenhall WV1 9DG Metro Bank One Southampton Row London WC1B 5HA Aldermore Bank Apex Plaza Forbury Road Reading, RG1 1AX

Independent Examiner S A Wright Accountants Office 12 19 Moorfield Road Slyfield Industrial Estate Guildford GU1 1RU

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2024

Report of the Board of Trustees

The Trustees of Fitzrovia Community Centre (“FCC”) are pleased to submit their report and accounts for the year ended 31 December 2024.

Aims & Objectives

The Purposes of the Charity, as set out in its Memorandum & Articles of Association:

To promote the benefit of the inhabitants of Fitzrovia (defined as people who live and / or work in Fitzrovia which is bounded by Oxford Street / New Oxford Street on the south, Gower Street on the east, Euston Road on the north and Great Portland Street on the west and its environs) of which the neighbourhood (hereinafter called the area of benefit) without distinction of gender, sexual orientation, ethnicity or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntary and other organisations in a common effort to advance education and to provide facilities in the interests of social welfare, for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants.
To establish or secure the establishment of a community centre and to maintain and manage the same (whether alone or in co-operation with any local authority or other person or body) in furtherance of these objects.

Strategic Aim & Outcomes 2021-24

Overall aim

Improved quality of life for all those who live, work and study in Fitzrovia.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D)

FOR THE YEAR ENDED 31 DECEMBER 2024

Outcomes

The Fitzrovia community is more connected, with FCC and within itself
Increased sense of belonging within the local area
Increased physical, mental and emotional wellbeing of local people
Increased opportunity for all members of the community to grow and develop

How Our Work Delivers Public Benefit

Our core programmes are:

Children & Families - supporting the development of children aged 0-5 and providing affordable, educational and enriching opportunities for primary-aged children and their parents. Activities include Stay & Play, messy play, speech & language support, and afterschool and holiday clubs.
Arts, Culture & Heritage - encouraging creativity across all ages through high-quality artist-led classes and projects in visual art, craft, sewing, dressmaking, creative health, cultural visits, exhibitions and events such as Fitzrovia Fete. We host community arts partners Camden Adult Community Learning, Fitzrovia Neighbourhood Association, Working Men's College, Mini Mozart, Groove Chorus, London Life Drawing, Art in the Village, and Fitzrovia Arts Festival.
Seniors’ Services - improving physical and mental wellbeing through creative, fitness and social opportunities; including ballroom dancing, Zumba Gold, Open Age exercise class and Age UK Camden Digital Skills drop-ins.
Health & Wellbeing - free and affordable opportunities to improve physical health, including healthy cooking, yoga, mindfulness, creative health, women-only and men-only fitness classes and quarterly wellness days. Our wellbeing partners offer discounted or free places to their classes.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Trustees’ Review

Overview of the Year

2024 has been a year of steady growth and important milestones for Fitzrovia Community Centre. We delivered a broad programme across Children & Families, Arts, Culture & Heritage, Health & Wellbeing, and Seniors’ Services, while also strengthening our organisational foundations.

Our staff, volunteers and Trustees worked tirelessly to provide consistent, high-quality services, and our partners across the public, private and voluntary sectors gave vital support. Together, we have made the Centre a place where people of all ages and backgrounds feel welcome, valued and connected.

Achievements and Progress

Children & Families

Our early years activities - Stay & Play and Messy Explorers - remained the cornerstone of family engagement, while new sessions such as Art Adventures and Mums in Harmony gave parents and children fresh ways to connect. After-school clubs continued to thrive, with Fitz Foodies and Karma Kids fully booked. Our partnership with ProTouch solidified in our continued provision of Holiday Activities and Food programmes.

Whizz Kids Coding Club

A standout project was the relaunch of Whizz Kids Coding Club , run by corporate volunteers from G-Research. Starting in September, it quickly attracted strong attendance. We started with a smaller number (7 children) in the first term while volunteers were being trained. 13.5 hours of delivery over 9 sessions gave children access to valuable digital skills that are often out of reach

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

for families on low incomes. This project exemplifies how corporate partnerships can add value, opening doors for young people and providing a glimpse of new career pathways.

Arts, Culture & Heritage

Our arts and heritage programme remained vibrant, with sewing, wellness art classes and Groove Chorus all drawing loyal participants. We also piloted Connect & Do with Certitude, an inclusive art programme for people with learning disabilities and mental health challenges, which has now secured funding for a full year.

Fitzrovia Fete

The highlight of the year was Fitzrovia Fete 2024 . Despite the challenges of organising such a large event, it was a resounding success, bringing together local residents, schools, artists and community organisations. Highlights included creative workshops, live performances, and the chance for families to enjoy free activities in the heart of Fitzrovia. The Fete not only celebrated local creativity and culture but also strengthened community bonds, showcasing the Centre as a hub of shared pride and belonging. The Fete welcomed approximately 1,000 visitors, both old and new.

Health & Wellbeing

Demand for wellbeing activities grew sharply in 2024, with yoga, Pilates, Barre and women-only fitness sessions all well attended. We were able to pilot the Men’s Muscle Sculpt class, which has continued into 2025, helping us to bring more of the male population into the centre. Our partnership with Epoch Fitness grew, with the provision of subsidised places for local residents in receipt of a means-tested benefit, and reformer Pilates tasters and nutrition talks at our quarterly Wellness Days .

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

All’s Well

One of the most impactful developments of the year was the launch of All’s Well , a multi-year project funded through the Compassionate Communities Fund from Public Health Westminster. This programme brings together several strands for which we delivered 132 hours of activity across 29 sessions + 2 full days to approximately 115 people in 2024: the Healthy Eating on a Budget course, quarterly Wellness Days , our Fitz Foodies after-school cooking club, and two Health Outreach Worker posts (recruitment for these is ongoing). We also began planning Dine With Us , a monthly community meal to launch in Spring 2025, giving participants from our cooking courses the opportunity to help prepare meals for the wider community and share food together. The meals are open to everyone, with encouragement given to people who are socially isolated.

The Healthy Eating on a Budget course, delivered by our partner FEAST With Us, has been especially popular. Their model combines practical cooking skills with budgeting and nutrition, and all participants gained Level 2 Food Hygiene certificates. One participant went on to volunteer in later courses and is now employed as a sessional support worker in our after-school programme - a powerful case study of how participation at FCC can lead to new opportunities and progression.

Our Wellness Day in October brought together partners to provide tasters ranging from Pilates to sound therapy, alongside free health checks and vaccinations offered by UCLH’s mobile health team.

Seniors’ Services

Our older people’s services remained popular and numbers grew significantly this year, making the over 50s our second largest age group. We attribute this increase largely to word of mouth and were pleased to see members bringing along their friends, spreading the love and growing the FCC family. We were surprised to find a good number of our seniors travel from across

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

London to attend the Centre. One of our oldest members, a 92-year-old woman travels from Kingston 3 times a week, where she moved during the pandemic, to be near her children!

Strictly Seniors

Strictly Seniors ballroom dance grew steadily thanks to word of mouth. The class now includes a broader mix of participants, including more men, and has become an important weekly fixture for many. Alongside Dance Exercise and Zumba Gold , these sessions continue to improve health and reduce isolation. In 2024 we delivered 54 hours across 36 sessions to 36 people.

Digital Skills drop-ins with Age UK Camden also proved invaluable, particularly as more services move online. Demand now exceeds capacity, and we are actively exploring how to expand these sessions. Our priority is to help older residents build confidence in accessing online services - from healthcare and banking to energy bills - and to provide support as the cost-of-living crisis continues to affect many households.

Reflections and Learning

Not everything went smoothly. Our summer Holiday Activities and Food programme received complaints about catering and staffing. We listened carefully to parents and worked with the delivery partner to make improvements, and by the winter holidays the scheme ran smoothly with excellent feedback.

Another challenge has been the non-start of the volunteer-led Life Admin project, which was to be delivered by our partner, Connecting Boroughs. The project intended to help residents keep on top of paperwork and bills. The project aimed to build capacity amongst the volunteers at Connecting Boroughs, however, being a volunteer-led organisation with no paid staff, resource issues prevented the project from getting off the ground.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D)

FOR THE YEAR ENDED 31 DECEMBER 2024

Partnerships

Partnerships remained at the heart of FCC’s work. Key developments included:

New delivery collaborations with FEAST With Us and Certitude.
Ongoing relationships with Camden Adult Learning, Age UK Camden, Open Age and Fitzrovia Neighbourhood Association.

Corporate partners

A new partner this year, Lewis Moberly worked with us to create a high-quality room hire brochure using new photography to support the generation of valuable unrestricted income.
Atomico continued to provided funding for two of our core services and Christmas gifts for local families.
G-Research volunteers ran the weekly Whizz Kids coding club.
Vynamic volunteers came twice - first to give the Centre a spring clean, then again to plant winter bulbs in the Secret Garden.
The team at Arup created designs for a proposed redevelopment of the ground floor of the Centre. We consulted with the community on the project and whilst there was much enthusiasm for the project, questions were also raised about the need for it. We have designs on hold until we have better support from the community. For now, we will prioritise engaging with the hardest to reach and ensuring continuity of all successful activities.

Local authorities

We were delighted to be recognised by both Camden and Westminster Councils, who each awarded FCC multi-year core funding. This is a landmark achievement: at the start of our 2021 strategy, FCC had virtually no relationship with either council. Securing their investment now is

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

testament to the progress we have made in service delivery, governance and community impact.

Strategic Developments

At the October 2024 Strategy Away Day, Trustees and staff reflected on FCC’s achievements against the 2021-24 Strategy and agreed a refreshed strategic aim and outcomes, continuing on the same path and building on previous work. Wording was refined slightly to encompass a broader beneficiary group, namely anyone who considers themselves part of the community of Fitzrovia.

Revised Aim

Improved wellbeing for the community of Fitzrovia

Revised Outcomes

Stronger community connection
Increased sense of belonging
Improved physical and mental wellbeing
Greater opportunities to learn and develop.

The group recognised the Centre’s growth and impact, while also acknowledging challenges around limited staff capacity (only 3.5 FTEs), the need for more sustainable income, and pressures on the building. Key focus areas for the next strategy include diversifying funding, investing in team capacity, refining the programme to balance quality and quantity, improving data systems, and deepening understanding of target audiences. There was consensus that FCC should remain ambitious yet realistic, building on its strengths, sustaining core services, and keeping community needs at the heart of all future plans.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

External Factors

We continue to operate in a challenging environment. The rising cost of living affects many of our service users directly, from affording food to managing rent and utilities. This has increased demand for both practical support (such as the advice sessions, cooking classes and Repair Cafe) and affordable activities that promote wellbeing.

The (upcoming) closure of local services, such as the Central YMCA on Tottenham Court Road, has also shaped the needs of local families. In response, we have adapted our programmes, strengthened our partnerships, and sought to fill gaps where possible.

On the political front, the change to a Labour government in 2024 brought a degree of cautious optimism in parts of our community: some saw the potential for renewed investment in public and community-based services. It also brought skepticism, with many people awaiting tangible signs of change, and uncertain whether promises would translate into sustained support.

Another major challenge was the number of trusts and foundations that paused their grant programmes during 2024, creating additional competition and pressure on the funds that remained open. This trend was echoed in discussions at our Strategy Day and has been felt across the voluntary sector, making our own success in securing multi-year core funding from Camden and Westminster Councils all the more significant.

Staffing and Capacity

In May we welcomed Sylvia Tran as our Administrator/Receptionist, a role funded through our new Westminster core grant. Having served for 12 months as a volunteer, we were delighted when she was interviewed for and appointed as Receptionist/Administrator. Her appointment has strengthened our front desk operations and freed up other staff to focus on programmes and finance. We also recruited additional sessional workers for Children & Families, improving capacity and resilience.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Volunteers continued to play a vital role across the Centre - from running sessions to supporting administration - and their contribution remains central to FCC’s impact. Trustees adapted reporting requirements to focus more on data, which has improved our evidence base, while also reminding us to preserve narrative learning alongside statistics.

Achievements and Performance

Numbers

251 people attended FCC’s core services and activities (this does not include large events like Fitzrovia Fete where we see around 1,000 people)
643 sessions were delivered across 23 services/activities
Centre users made 6,743 attendances in total
15 volunteers regularly gave their time and skills to help us deliver activities, look after the garden and welcome visitors at reception
35 volunteers from corporate partners supported us at activities, events and carried out work in the Centre
22 community partners delivered activities and services at FCC, providing our local community with services around health & wellbeing, welfare advice, arts and culture, faith, education and addiction
FCC’s rooms were hired by 39 community groups/public bodies, 27 businesses, and 41 individuals, demonstrating the value of our facilities in the local area (130, 13, 38 in 2023)

Who We Supported in 2024

We collected information on all existing and new FCC users in 2024, though we are reporting only on the complete data we hold as some people choose not to share their full demographic information with us.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Local Authority

We are pleased to report most FCC users are residents of either Camden or Westminster, who are our priority. We strive for a 50/50 split across the two boroughs, accepting variance according to the services on offer at the time. The number of Camden residents we supported increased slightly in 2024, and we expect it to increase greatly in 2025 due to the new partnerships and outreach strategies we have developed across Camden in the past year. 13% of our userbase did not share their local authority information with us.

We have continued to be surprised this year to find users travelling from other parts of London to attend our services. Much of the news of our activities has spread via word-of-mouth, meaning that many local residents are inviting their friends from other boroughs. With a 30% increase in number of users in 2024 than in 2023, our focus remains on our priority audience as we grow: low-income, disadvantaged or vulnerable Camden or Westminster residents who live within one mile of the community centre.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Gender

The gender breakdown of users in 2024 is about the same as in 2023, which remains heavily weighted towards the female side. However, we secured funding in 2024 for a men-only class and other activities to help address the gender imbalance. As this is a new audience for us, building up the numbers has been an uphill battle, though steady progress is being made. 12% of our userbase did not share their gender identity with us.

Ethnicity

Of the users who shared their demographic information with us in 2024, the vast majority were BAMER with 57% being from a broad range of ethnic identities. 35% identified as White - British which was our largest single group, followed by Asian/Asian British at 24%. A new entry into the top three was Black/Black British at 10%, with Mixed/Multiple ethnic groups and White - Other which includes Eastern & Western European at 8% each. 26% of our userbase did not share their ethnicity with us.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Age groups

The largest segment of our userbase is children under 18, mostly under 5, but this has dropped from last year’s 40% to 29%, with all other age groups gaining numbers evenly across the groups. 2024 was the last year in our transition from paper forms to Salesforce for the Children and Families users, and we expect that this drop is due to those last growing pains and not entirely reflective of the actual child user numbers. We have a relatively even split among the other age groups, with nearly 30% consisting of over 50s, our second largest audience and users of our seniors’ programme, up nearly 10% from the previous year. 29% of our userbase did not share their age with us.

2024 Evaluation of FCC users after attending activities for at least one

term

We evaluate our services at the end of each term to measure their impact on residents’ lives. 98% agreed or strongly agreed that they felt more part of the Fitzrovia community as a result of attending our activities, with 93% feeling fitter and healthier (a 7% leap from last year), 74% less isolated and alone, and 87% feeling more positive about life - a 10% drop from last year. It is

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

not clear what has caused this drop and it could be due external factors such as the continued cost-of-living crisis or the rise of the far-right, which no doubt is cause for concern for our majority-BAMER userbase.

92% of users felt their health and wellbeing had improved after coming to FCC activities in 2024, 82% felt more creative, 83% made new friends, 95% felt more motivated, and 94% felt they knew more about community activities and service locally.

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

A selection of quotes from the 2024 evaluation:

‘These classes are fun and instantly make me feel more positive.’

‘I improve my fitness which in turn improves my mental health - I feel less isolated.’

‘Creative people inspire me and the FCC is a friendly and welcoming place to attend.’

‘Art for Wellness is like a sanctuary to me. It's my one special thing that I carve time out for myself each week.’

‘[Strictly Seniors: Ballroom Dancing] means a great deal. It is very good for my brain, in learning a new skill, meeting new people and the opportunity to socialise. It’s extremely beneficial for my health and wellbeing. It is scientifically proven that it will delay the onset of dementia.’

Thanks to Our Funders, Supporters and Collaborators

We would like to thank…

Our funders:

Atomico Foundation

Camden Council

City of Westminster Charitable Trust

Derwent London

HS2

Public Health Westminster

Westminster City Council Young Camden Foundation

Young Westminster Foundation

THE FITZROVIA COMMUNITY CENTRE LTD REPORT OF THE BOARD OF TRUSTEES (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

Our supporters:

Arup Group

Camden Adult Community Learning

Fitz West Neighbourhood Forum

G-Research Lewis Moberly Open Age The Fitzrovia Partnership

And our collaborators:

C4 (Camden Community Centres’ Consortium)

Epoch Fitness Fitzrovia Arts Festival (Rebecca Hossack Gallery) ProTouch SA CIC Fitzrovia Neighbourhood Association All Souls CofE Primary School

THE FITZROVIA COMMUNITY CENTRE LTD FINANCIAL REVIEW FOR THE YEAR ENDED 31 DECEMBER 2024

Financial Review

The results of the year’s operation are set out in the attached financial statements. The net movement in funds for the year resulted in a deficit of £12,482 with a surplus of £23,885 for 2023. The retained reserves at 31 December 2024 amounted to £90,508 and £102,990 for 2023 respectively.

Included in the retained reserves above is unrestricted funds of £22,569 (£56,742 reported for 2023 / £65,966 restated – see Note 12). The Trustees have been aware of the need to comply with good practice guidelines on free reserves and FCC’s policy is included in the notes to the accounts.

Risk Management

The Trustees have examined the major risks which The Fitzrovia Community Centre Ltd faces and believe that maintaining our free reserves at a reasonable level, and a strong bank balance, combined with our annual review of the controls over key financial systems, will provide sufficient resources in the event of further adverse conditions. The Trustees have also examined other operational and business risks which we face and confirm that they have established systems to mitigate the significant risks.

Funds Available

The present level of funding, and the progress made in the first part of 2025, are adequate to support the continuation of the Charity operations for the medium term, and the Trustees consider the financial position of the Charity to be satisfactory.

THE FITZROVIA COMMUNITY CENTRE LTD FINANCIAL REVIEW FOR THE YEAR ENDED 31 DECEMBER 2024

Reserves Policy

The proposed value of the charity’s reserves is six months’ running costs, including closure costs, although we are currently running well below this at around 0.6 months’. This is driven by the lead time involved in securing long-term future funding.

Reserves are made up of unrestricted funds. Unrestricted funds can be spent on the charity’s general charitable objectives as needed. The reserves policy will be reviewed annually in conjunction with the annual financial statements.

Volunteers

FCC recognises the significant contributions made by volunteers.

THE FITZROVIA COMMUNITY CENTRE LTD STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2024

Statement of Trustees’ Responsibilities

The Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Company at the end of the year and of its financial activities during the year then ended. In preparing those financial statements, the Trustees are required to:

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.

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 Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the Board of Trustees:

30/12/2025 Signed ....................................................................... Date …………………………2025

Print Name Fiona Clark Position Trustee & member of the Finance & Governance Subgroup

INDEPENDENT EXAMINER’S REPORT

TO THE TRUSTEES OF THE FITZROVIA COMMUNITY CENTRE LTD FOR THE YEAR ENDED 31 DECEMBER 2024

I report on the accounts of the charity, which are set out on pages 14 to 15.

Respective responsibilities of trustees and examiner

The Company’s Directors, who are also the charity's trustees, are responsible for the preparation of the accounts. The charity’s trustees consider that although no audit is required for this year under section 144 of the Charities Act 2011 (the Charities Act), they have nevertheless concluded that an independent examination is desirable.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act,
to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in, any material respect, the requirements to:

keep accounting records in accordance with section 130 of the Charities Act; and
prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

30/12/2025 Signed: ................................................ Date: ………………………………2025

S A Wright Accountants, Office 12, 19 Moorfield Road, Slyfield Industrial Estate, Guildford Surrey GU1 1RU

THE FITZROVIA COMMUNITY CENTRE LTD

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

	Notes	Unrestricted	Restricted	2024 Total	2023 Total
		Funds	Funds	Funds	Funds
Incoming Resources	3-4	£	£	£	£
Donations and Legacies		1,495	0	1,495	2,414
Charitable Activities		18,750	196,616	215,366	230,223
Other trading activities		162,557	0	162,557	78,000
Other Income		10,198	0	10,198	13,244
Total Incoming		193,000	196,616	389,616	323,881
Resources
Resources Expended
Charitable Activities		225,017	177,081	402,098	285,157
Governance		0	0	0	0
Total Resources		225,017	177,081	402,098	285,157
Expended
Net Income/Expenditure		(32,017)	19,535	(12,482)	38,724
Transfer between funds	13	(11,380)	11,380	0	0
Extraordinary Items in	5				(14,839)
2023 written back
Net Movement in Funds		(43,397)	30,915	(12,482)	23,885
Total Funds Brought	12	65,966	37,024	102,990	79,105
Forward
Total Funds Carried		22,569	67,939	90,508	102,990
Forward

THE FITZROVIA COMMUNITY CENTRE LTD

BALANCE SHEET

FOR THE YEAR ENDED 31 DECEMBER 2024

	Notes	Notes Unrestricted	Restricted	2024 Total	2023 Total
		Funds	Funds	Funds	Funds
		£	£	£	£
Current assets
Debtors	9	3,211	-	3,211	17,191
Cash at bank and in hand	11	306,531	-	306,531	250,750
Total current assets		309,742	-	309,742	267,941
Creditors: amounts falling	10	219,234	-	219,234	164,951
due within one year
Net current assets		90,508	-	90,508	102,990
Total net assets/liabilities		90,508	-	90,508	102,990
REPRESENTED BY FUNDS:
Restricted funds		-	67,939	67,939	46,248
Unrestricted funds		22,569	-	22,569	56,742
Total funds		22,569	67,939	90,508	102,990

Audit exemption statement

For the twelve months ending 31st Dec 2024, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.

The Directors (Trustees) declare that they have approved the accounts above and signed on behalf of the Board of Directors/Trustees:

Signed ....................................................................... Fiona Clark Date …………………………2025 30/12/2025 Print Name Fiona Clark Position Trustee & member of the Finance & Governance Subgroup

THE FITZROVIA COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. Basis of Preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with: the 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 of Ireland (FRS 102) issued on 16 July 2014; and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102); and with the Charities Act 2011.

1.2 Going concern

The financial statements have been prepared on a going concern basis. The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the Charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.

1.3 Change of accounting policy

The accounts present a true and fair view and no changes have been made to the accounting policies adopted in note 2.0.

2.0 Accounting policies

2.0 Income

Income recognition

These are included in the Statement of Financial Activities (SoFA) when:

the charity becomes entitled to the resources;
it is more likely than not that the trustees will receive the resources;
the monetary value can be measured with sufficient reliability.

NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

THE FITZROVIA COMMUNITY CENTRE LTD

Offsetting

There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants & donations

Grants and donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP)

Government grants

The charity has received government grants in the reporting period.

Donated goods

Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.

The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution.

Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'.

Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SOFA as incoming resources when receivable.

NOTES TO THE FINANCIAL STATEMENTS (CONT’D)

THE FITZROVIA COMMUNITY CENTRE LTD

FOR THE YEAR ENDED 31 DECEMBER 2024

Gifts in kind for use by the charity are included in the SOFA as income from donations when receivable.

Donated services and facilities

Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably

Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA.

Support costs

The charity has incurred expenditure on support costs.

Volunteer help

The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.

Income from interest, royalties and dividends

This is included in the accounts when receipt is probable, and the amount receivable can be measured reliably.

2.1 Expenditure and Liabilities

Liability recognition

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

THE FITZROVIA COMMUNITY CENTRE LTD

Governance and support costs

Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specified service or output.

Grants payable without performance conditions

Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised.

Redundancy costs

The charity made no redundancy payments during the reporting period.

Deferred income

No material item of deferred income has been included in the accounts.

Creditors

The charity has creditors which are measured at settlement amounts less any trade discounts.

THE FITZROVIA COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONT’D)

FOR THE YEAR ENDED 31 DECEMBER 2024

Provisions for liabilities

A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date

Basic financial instruments

The charity accounts for basic financial instruments on initial recognition as per paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP.

2.2 Assets

Tangible fixed assets for use by charity

These are capitalised if they can be used for more than one year, and cost at least. They are valued at cost.

The depreciation rates and methods used are disclosed in note 14.

Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

3.0 Income

	Unrestricted	Restricted	Total	Total funds
			funds
	Funds	Funds	2024	2023
	£	£	£	£
Analysis of income		-	-	-
Donations & legacies	1,495	-	1,495	2,414
Charitable activities - Grants	18,750	196,616	215,366	230,223
Other trading activities	162,557	-	162,557	78,000
Other income	10,198	-	10,198	13,244
Total Incoming Resources	193,000	196,616	389,616	323,881

THE FITZROVIA COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONT’D)

FOR THE YEAR ENDED 31 DECEMBER 2024

4.0 Incoming resources from activities to further the charity’s objects

4.1 Government grants Camden Council Community Partnerships Fund (Unrestricted) HS2 Meanwhile Fund Westminster City Council Core Funding Westminster City Council Culture & Communities Fund Westminster City Council Inside Out Fund Westminster City Council NCIL Westminster City Council Public Health Healthy Communities Fund Young Camden Foundation (HAF) Young Westminster Foundation (HAF)	2024 2023 £ £ 18,750 - 3,434 22,500 7,828 10,000 9,969 22,583 40,000 - 7,744 7,040 10,670 7,040
	120,926 46,632

4.2 Grants carried forward

The following grants were partially recognised as income in 2023 with the balance carried over into 2024 as deferred income. The 2023 SOFA reflects the figures shown below, however Note 4 in the 2023 accounts shows the total grant received in that year. In 2024, we are recording the total grant where applicable, in line with SORP guidance.

Camden Council Cost of Living Fund Camden Council Resilience Fund London HQ Westminster City Council Emergency Fund Whitt’s End 4.3 Trusts and Foundations Octavia Better Lives Community Fund City of Westminster Charitable Trust St Andrew Holborn Charitable Trust Westminster Amalgamated Charities Young Westminster Foundation Brighter Futures Fund National Lottery Awards for All	2024 2023 £ £ 12,500 2,060 10,068 4,772 3,209 1,791 7,794 7,206 4,191 260
	37,762 16,089
	2024 2023 £ £ - 6,000 12,496 16,047 - 3,535 - 4560 5,000 6152 - 3496
	17,496 39,791

THE FITZROVIA COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONT’D)

FOR THE YEAR ENDED 31 DECEMBER 2024

4.4 Other Atomico Foundation Derwent London TOTAL	2024 2023 £ £ 12,183 14,949 27,000 27,000
	39,183 41,949

	215,367 144,461

5.0 Extraordinary Items

Description

In 2023 During the course of the accounts preparation an historic accounting error was found and this has been written off accordingly. There has been no impact on the Centre’s funds or ability to continue.

	2024	2023
	£	£
	-	(14,839)
	-	(14,839)

6.0 Details of Certain Types of Expenditure

Description


Description Accounting & Independent examiner fees (2024 included 1400 related to 2023) Paid Employees Staff Costs Salaries and wages Social security costs Pension costs (defined contribution scheme)		2024 2023 £ £ 3,380 1,800 3,380 1,800 2024 2023 £ £
		122,869 91,001 4,055 5,798 10,287 2,760
		137,211 99,559

7.0 Paid Employees

THE FITZROVIA COMMUNITY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.

The average number of employees during the year, calculated on the basis of full-time equivalent, was as follows:

Description Centre Director Programme delivery Administration & Support	2024 2023 Number Number 1.0 0.8 1.4 0.8 2.3 1.3
	4.7 2.9

8.0 Defined Contribution Pension Scheme

Description Contributions recognised in the SOFA as an expense.	2024 2023 £ £
	10,287 16,101
	10,287 16,101

9.0 Debtors & Prepayments

Description Trade debtors Prepayments and accrued income Other debtors	2024 2023 £ £
	920 16,101 2,291 1,090 - -
	3,211 17,191

THE FITZROVIA COMMUNITY CENTRE LTD

NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

10.0 Analysis of Creditors

10.1 Analysis of Creditors

Amounts falling due within one year Trade creditors Accruals Taxation and social security Other creditors Deferred Income Deferred Income Description Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods	2024 2023 £ £
	44,064 42,998 101,975 69,121 4,055 3,337 4,004 1,565 65,136 47,930
	219,234 164,951
	2024 2023 £ £
	47,930 76,516 103,980 172,973 (86,774) (201,559)
	65,136 47,930

10.2 Deferred Income

11.0 Cash at Bank and in Hand

Description Short term deposits Cash at bank and in hand	2024 2023 £ £
	88,832 85,499 217,699 165,251
	306,531 250,750

THE FITZROVIA COMMUNITY CENTRE LTD NOTES TO THE FINANCIAL STATEMENTS (CONT’D) FOR THE YEAR ENDED 31 DECEMBER 2024

12.0 Comparative statement of financial activities 2023

Unrestricted Restricted funds funds £ £	Total funds 2023 £	Total funds 2022 £
2,414 - 99,023 131,200 78,000 - 13,244 -	2,414 230,223 78,000 13,244	6,005 188,376 95,315 8,436
192,681 131,200 180,401 104,756 - -	323,881 285,157 -	298,132 256,591 -
180,401 104,756 12,280 26,444 (14,839) - (2,559) 26,444 59,301 19,804	285,157 38,724 (14,839) 23,885 79,105	256,591 41,541 41,541 37,564
56,724 46,248	102,990	79,105

During the preparation of the 2024 financial statements, it was identified that the balances of certain funds in the 2023 accounts had been incorrectly classified as restricted or unrestricted funds. The opening fund balances for 2024 have been adjusted accordingly. There is no impact on total funds or net assets.

13.0 Transfers between funds in the year

During the year, transfers were made from unrestricted funds to restricted funds to correct the classification of grant income in prior periods and to reflect the specific purposes for which these funds are required to be applied. These transfers represent a reallocation between funds and have no impact on the total funds of the charity.