Registered number.. 05020050 England and Vvales Charity Number.. 1104278 Kentlsh Town Communlty Centre IA Charitable Company Llmlted by Guarante•) Report and Unaudited Financial Statements For the year ended 31 March 2025
Kentish Town Community Centre Financial Ststets For the year ended 31 March 2025 Contents Legal and Administrative Information Report of the Directors 3to5 Independent Examiners. Report Statement of Financial Activitie$ Balance Sheet Notes fonning part of the Financial Statements 9t017
Kentish Town Community Centre (A Private Company Limited by Guarantee) Company Particulars Legal and Administrative Infomiatlon Charity Name Kentish Town Community Centre Charity registrdtion number 1104278 Company registratlon number 0502Tr)50 (England & Wales) Directors (Trustee8} Margaret Harvey Catherine Wakefield Hays Robert Dennis Littleton Mathew Saunders The Reverend Guy Robin Fraser Wllis Joanne Lynch Registered Office and operntional address 17 Busby Place Kentish Town London NW5 2SP Independent Examlners Stately Accountants Kingsbridge Court Castle haven Road London NW18QA
Kentish Town Community Centre Report of the Directors For the year ended 31 March 2025 The directors are pleased to present their annual directors report together the financial statements of the charity for the year ending 31 March 2025 which a also prepared to meet the requirements for a directors report and accounts for Companies Act purposes. The financial statements comply vrfith the Charities Act 2011, the Companies Act 2006. the Memorandum and Articles of Association, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102}. Structure, Govemance and Management Govemlng Document Kentish Town Communrty Centre (the chanty) ¥vas formed in January 2004 and is registered with the Charity Commissioners of England and Wales under registration number 1104278. It is a company limited by guarantee (company registration number 05020050 England and Wales) and is govemed by its Memorandum and Artides of Association. Its head office and registered office is 17 Busby Place, Kentish Town, London NW5 2SP. The charity is managed by its members who constitute the Board of Directors and have been appointed in accordance with the charity's Articles of Association. All new Trustees receive a link to a secure plattorm containing our Memorandum and Articles of Association, the most recent management accounts, previous accounts. annual reports and meeting minutes. The DIreor5 in office during the period ended 31 March 2025 were as foll¢)ws: Margaret Hapiey Mathew Saunders Revend Guy Robin Fraser Wllis Joanne Lynch James Humphries Trustee's rn8ponsibilAties The Trustees (who are the directors of Kentish Town Communty Centre for the purposes of company law) are responsible for preparing the Trustees. Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK GA4P). Company law requires the Trustees to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the CharItse company as at the balance sheel date and of its incoming resources and apICatiOn of resources, induding income and expenditure, for the financial year. In preparing those finanaal statements, the trustees are required to: Select suitable accounting policies and then apply them consistently: ObseNe the methods and principles in the Charities SORP., Make judgements and estimates that are reasonable and prudent., State Ythether applicable UK Accounts'ng Standards have been fdlowed, subject to any material departures disclosed and explained in the finarKial statements; and Prepare the financial statements on the going concem basis unless rt is irk2ppropriate to assume that the charity will continue on that basis.
Kentlsh Town Communlty Centre Report of the Olrectors For the year ended 31 March 2025 The Trustees are responsible for maintaining 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. They are also responsible for safeguarding the assets of the charitsble company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularits'es. The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements. May differ from legislation in other jurisdictions. Objectives Our objectives are to promote the benefit of people living in, working in, receiving education in or visiting the London Borough of Camden andlor the London Borough of Islington without dists'nction of sex. sexual orientation. ce or of political, religious or other opinions, by associating together the said inhabitants and the local authorities, voluntsry and other organizations in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupati¢x wth the object of improving the condits'ons of lrfe for said inhabitants. Mission Statement Kentish Town Community Centre (KTCC) is a vibrant. award-winning charity at the heart of North Camden, dedicated to connecting and inspiring our local community. Since opening in 2004, we've been a welcoming space for people of all ages and backgrounds, offering a diverse range of services and activities. KTCC exists to promote the benefit of people living primarily in NW5 and NW1. We aim to provide a hub for the whole community to create and tske part in a range of positive activities. Values Inclusivity: We Cdebrate diversity and ensure everyone feels welcome. Empowerment. We provide opportunities for personal community development. - Collaborakn'on.. We work with local partners to enhance our services and reach. - Sustainability.. We a Committed to environmentally friendly practices and social responsibilty. What We do Here at KTCC we IK)St over 15 activities a week irduding ballet dasses, coffee momings, under 5s activities and theatre groups. We also have a emergency foodbank in which we work doser Vth local partners to provide emergency food packages to local residents in need. Day to day management of the Cenlre was the responsibility of AIiGe Morgan Financial Review The attached financial statements show the current state of the charity's finances for the period ended 31 March 2025. During the year, KTCC generated income of £201,015 and expensed resources of £248.884 resulting in an overspending of £47,869. Reserves Policy As at 31 March 2025 the unrestricted reserves totaled £93.260. The Directors have examined the charity's requirements for reserves considering the main risks to the organization. The Directors believe that the level of Unrestricted funds not committed or invested in tangible fixed assets (the free reserves) held by the charity should be around £140,000. enabling the provision of core activities for some six months in the event of a significant drop in income. We review our Resee8 Policy on an annual basis a5 part of our budgeting process. During the year, the charity generated an unrestricted surplus of £5.025. As of 31 March 2025. unrestricted
Kentlsh Town Communlty Centre Report of the Dirèctors For the year ended 31 March 2025 reserves totaled £93,260. Prior to this year we have sustained unrestricted losses for the past few years, partly due to changes to our sectoff s funding and cost models, and partly due to significant churn in both our Centre Manager post and our Board. Due to the long-term nature of grant and funding programmes, there can be significant dèlays between corrective actions and the related financial improvements. Going Concern As of 31 March 2025. the charity is in a much stronger position, our unrestricted reserves totaled £93,260 and cash at bank and in hand totaled £110,011. While we estimate to have made a further unrestricted gain during the year ended 31 March 2025. we have secured a number of unrestricted grants for the financial year ending 31 March 2025. As a result of these considerations and our Current forecasts, the Directors consider the charity a going concern. and that adequate funding has been achieved to facilitate the charity's objectives and activities for the next 12 months from the date of signing the financial statements. Investment Policy Any available funds are held in the charity's bank accountto enable it to meet its operational obligations as they fall due. The Directors will consider the investment of surplus funds in short term deposits in order to rnake best use of resources and generate investment income for the organisation. Independent Examlners Stately Accountants Ltd, were appointed as Independent Examiners during the year and have expressed their willingness to continue in that capacity. This port has been prepared in accordance &th the small company regime (section 419 {2)) of the Companies Act 2006 relating to small companies The Trustees have complied wth their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Signed on behalf of the Board of Directors: Vgcvp* HLvvey Margaret Harvey Dated: 08 December 2025
Independent Examlners. Report to the Members of Kontlsh Town Communlty Centre For the year ended 31 March 2025 We report to the charity trustees of the company for the year ended 31 March 2025, which are set out on pages 10t018. Responsibilities andbasis ofreport As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examinalion of your charity's 'accounts as carried out under se(*ion 145 of the Charitses Act 2011 {the'2011 ACV). In ¢arying oui my examination I have followed the Directions given by the Chanty Commission under section 145{5) (b) of the 2011 Ad. Independenl uamlner's report I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to believe: (1) accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; (2) the accounts do not accord with those accounting records; (3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examination; or (4) The accounts have not been prepared in a¢o)rdance with the methods and prinaples of the Statement of Recommended practice for accounting and reporting by charities applicable to charities preparing their accounts in aixordance with the Finanaal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be Stately Accounlanl8 Klngsbridge Court Castlehaven Road London NW18QA Dated.. 10 December 2025
Kentlsh Town Community Centre Statement of Financial Activities (Including Income & Expenditure Account} For the year ended 31 March 2025 Notes Unrnstsycted Restricted Endowment Total Total Funds Funds Funds Funds Funds 2025 2025 2025 2025 2024 Income and 8nd0ent from: Donation and lega¢ie5'. Don81ions Grants 83.244 83,244 142.408 Chaiitable activities 53,507 53,507 49,804 Investrnent Income 2,004 853 Other 62.710 62,710 16,316 Totsl Incorno 117771 209 381 Expendlture on: Raising fvnds Charitable activib'es 112.746 98,760 37,378 248.884 301,174 Other Totsl Expendltu 301174 Net IrmrrelProfil for the year 5,025 {15.517) (37,3781 147,869} {91,794) Transfer5 betsn fvrnls Net movement In funds 5.025 {15,517) 137,378} 147,8691 (91,7941 Recon¢lll•llon of funds Total funds brougm forward 88.235 15.517 261.282 365,034 456,827 Total funds Carried forward 317,164 365.034 The Statement of Financial Activities includes all gains and losses in the year. All incoming resou$ expended derive from continuing activities. The notes on pages 09 to 17 form part of these financial statements.
Kentlsh Town Communlty Centre Notes to the Financlal Statements For the year ended 31 March 2025 Kentlsh Town Community Centre Balanc• Sheet As at 31 March 2025 Notes 2026 2024 FIXED Assets Tangible assets 231,892 269,805 CURRENT ASSETS Debtors 3,652 110011 4.630 124 523 Cash al bank and in hand 113,663 129.153 LIABILTIES Creditors.. Amounts falling due bmthin one year 10 NET CURRE1 ASSESTS 85,271 95,228 NET ASSETS FUND8 11 Unrestricted funds 93.260 223,904 88.235 261,282 15,517 Restricted caprtal fund8 Restricted ino)me fvnds TOTAL FUNDS 317 163 365,033 For the year ending 31 March 2025, the company was entitled to exemption from audit under section 477 of the Companies Act 2006. Directors. responsibilities.. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts These accounts have been prepared in accordan with the provisions applicable to companies subject to the small companies, regime. The financial statements on pages 07 to 17 were approved by the board of trustees on 08 December 2025. Maryaret Harvey Company reglstratlon number." 06020050 (England & Wales)
Kentlsh Town Communlty Centre Notes to the Financial Statements For the year ended 31 March 2025 1. Accounting Policies Charity infornwtson Kentish Town Community Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 17 Busby Place, Kentish Town, London. NWS 2SP. The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in.the prec8ding year. (a) Basis of accounllng 2. The financial statements have been prepared in accordance with accounting policies set out in the notes to the accounts and comply with the charity's goveming document. the Charities Act 2011 and A¢¢ounts'ng and Reporting by Charities: Statement of Recommended Practice applicalje to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in.the UK and Republic of Irelands (FRS 102). The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The accounts are prepared in steding, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest£. The effects of events relating to the year ended 31 March 2025 which occurred before the date of approval of the financial statements by the Trustees has been included in the financial statements to the extent required to show a true and fair view of the state of affairs at 31 March 2025 and the results for the year ended on that date. The charity is a Public Benefit Entity as defined by FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note{sl. Going concern As at 31 March 2025, our unrestricted reserves totaled £93,260, and cash at bank and in hand totaled £110,011. While we estimate to have made a further unrestricted gain during the year ended 31 March 2025, we have secured a number of unrestricted grants for the financial year ending 31 March 2025. As a result of these considerations and our current forecasts, the Directors consider the charity a going concern, and that adequate funding has been achieved to facilitate thecharity's objectives and activities forthe next 12 months from the date of signing the financial statements. (a) Fund accounting Unrestricted funds are available for use at the discretion of the Directors in the furtherance of the general objectives of the charity. Unrestricted funds include donations and other incoming resources receivable or generated for the objects of the Charity without further specified purpose. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the tems of an appeal. Expenditure which meets these criteria is charged to the fund.
Kentlsh Town Communlty Centre Notes to the Financial Statements For the year ended 31 March 2025 Endowment funds represent assets %*thich must be held for the charity's use, in this case a building. It follows that the endowed asset is capable of being depreciated and the depreciation charge is showrj as an expense against the fund each year. (b) Incoming resources All incoming resources are included in Statement of Financial Activikn'es when the charty is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.. Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes uncondilionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Investment income is included when receivable. Incoming resources from charitable trading activty are accounted for when eamed. Incoming resources from grants, where related to perf0rrnan and specific deliverables. are a¢count&J for as the charity earns the right to consideration by its performance. (c) Resources expended Expenditure is recognised on an accrual basis as a liability is incued. Expenditure includes any VAT vthich cannot be fully recovered, and is reported as part of the expenditure to which it lates- Costs of generating .fvnds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the Constttutional and statutory requirements of the charity and include the independent examiners, fees and costs linked to the strategic management of the charity. All costs are allocated befv4een the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly- other support costs are apportioned on the basis of an estimate of the proportion of time spent by staff on those activities. (d) Tangible fixed assets Depreciation is provided using the following rates and bases lo reduce by annual instalments the cost, less estimated residual value, of the tangible assets over their estimated useful lives.. Leasehold improvements Straight line over the period of the lease, 20 years Fixtures and fittings Straight line over 20 years Roof overhaul Straight line over 12 years (l) Cash andcash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-tem liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 10
Kentlsh Town Communlty Centre Notos to the Financial Statements For the year ended 31 March 2025 (g) Financlal 1ns1runnts The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section. 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes paty to the contractual provisions of the instwment. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intents'on to settle on a net basis or to realise the asset and settle the liability simultaneously. Baslcfinancial oF5ets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transactton costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement consb'tutes a financing transalOn, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year a not amortised. Boslcfinanciol Ilathlili Basic financial liabilities, including creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction. where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortiS8d. Trade creditors are obligations to pay for goods or servitss that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as n0n-cuent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecogniiion ofJ7nancio1 liabil Financial liabilities are derecognised when the eharity's contractual obligations expire or are discharged or cancelled. (e) Eryloyee benejlts The cost of any Unus holiday entitlement is recognised in th• pèriod in which the employee's seNices are
Kentlsh Town Communlty Centre Notes to the Financlal Statements For the year ended 31 March 2025 2.1 Voluntary Income- Grants Unrestrl¢ted Restrkted Total Total Funds Funds 2025 2024 Community Proje 2.420 2.420 40.940 Camde Resilien Fund 11.500 LB Camden - Neight)ourhood Fund - Strategic fund LB Camden- Local CIL Grant {Buildingi 30,000 630 30,C(IO 630 60,000 7,040 Older People Project- City Bridge Trnst Young Camden Foundab'on HAF 50.194 50.194 22.488 440 Total 83.244 142 408 2.2 Income from ¢harHable activities Restricted Total Total Funds 2025 2024 Hall & Room Hire 53,057 53,057 49,804 Totsl 2.3 Other Income Restrtet Total Total Funds Funds 2025 2024 Other 62.710 62,170 16,316 12
Kentlsh Town Communlty Centre Notes to the Flnanclal Statements For the year ended 31 March 2025 Yqtyi 101. 11X.S13 1L.053 153 31,on 31m 2.8YI 2.831 37.37B 37.913 37.013 9,791 1.139 17.367 1.710 1.710 2,a27 S,613 1.154 1.C•1 Artc 20.324 20.475 74 13
Kentlsh Town Communlty Centre Notes to the Flnancial Statements For the year ended 31 March 2025 4. Net Incoming Resources For The Year This is ststed after charging.. 2025 2024 Depreciation Independent examiners, fees 37,913 1,800 39,713 37,913 1,800 39,713 5.Staff Costs and Numbers Staff Costs were as follows: 2025 2024 Salaries and wages Pensions Social security costs Total 99,614 1,968 120,191 2,462 101583 122 653 No employee recesved emoluments exceeding £ 60,000. The average number of employees during the year, calculated on the basis of full time equivalents was as follows. 2025 2024 Centre Manager Youth Workers Administration and Support Other Project Workers Total 6. Trustee Remuneration And Related Party Transactions No trustee received any remunerats'on or expenses during the year. NO trustee or other person related to the charity had any personal InteSt in any contract or transaction entered into by the charity during the year 1 April 2024 to 31 March 2025 7.Taxation The company is exempt from corporation tax as a result of its registered charity ststus. 14
Kentlsh Town Communlty Centre Notes to tho Financial Statements Forthe year ended 31 March 2025 8.Flxed assets Fixtures Pmperty Improvements Fittings Total Cost At 1 April 2024 Additions At 31 March 2025 747,555 10,701 758,256 747,555 10.701 758,256 Depreclatlon At l April 2024 Charge for the year At 31 March 2025 484,407 37.378 521785 4,045 535 4,580 488,452 37,913 526,365 Net book value As at 31 March 2024 263,148 6,657 269,805 As at 31 March 2025 225 770 231 892 9.Debtors 2025 2024 Trade debtors Accrued grant income & prepayments 3,652 4,630 3,652 4,630 10. Creditors - amounts falling due wfthin one year 2025 2024 Trade creditors Deferred income Taxation and social security Accruals Other creditors 3,800 (684) 5,472 25.337 33,925 3,396 24,996 28,392 15
Kentlsh Town Communlty Centre Notes to the Flnanclal Statements For the year ended 31 March 2024 11 .1A0¥•m In Funds .Apr.24 Income 31-Alar-25 R••tvlctod Fund• Communty Prtsj8Cts 3,932 2.420 8.352 Foc¢J Pcyhr FundttwJ 1,918 1.918 Lb Cam¢JeTr- Local CIL Grant l&J"k1irJl 2.881 830 3.491 LB Camden N•ghbourtthds FuThts.Cor• 6.805 38,805 Older Peoples Project 50,194 50.194 Young Camdèn F¢Jundal)n HAF R••trl¢t•(l Fund• Endtywnent. BuildiNJ FrAed As 37 378 223 904 Total Ertdot Fund• 261.282 37,378 261.282 unrMtCI•d Fund• 4032- Lèttin8s (Main H•ll. 8& D•nceSwdbl 16.5531 44.0S7 44,057 16.5531 Intwn•l Room Hires by Prolecis Room Hlre SENDI$5 VCC Stora8e 12,250 8,655 8,655 12.250 Pay What You Can 1,4471 070 670 1.4471 4,740 4.740 (Aher 50,645 47.089 (3.5521 13.552) GeTreral 123829 535 123 829 If5767 123294 Bank Interest 112748 Totsl 16
Kentlsh Town Communlty Centre Notes to the Flnanclal Statements For the year ended 31 March 2043 12. Net Assets between funds Endowment Restricted Designated Fund5 Unrestricted Total Funds Funds Funds Funds 2025 2025 2025 2025 2025 Tangible fixed assets Net CUTrent assets 223,904 7,988 85.272 231,892 86.272 223.904 93.260 317.164 13. Llmlted liablllty Underthe Company'sArticles of Association. every memberofthe Company undertakes to contribute to the assets of the company in the event ofthe same being wound up while they are a member, orwithin one year after they cease to be a member, such amount as may be required not exceeding £1. 14. Transfers between funds Transfers totaling £0 has been made from restricted funds to unrestricted Funds. 15. Purpose of funds Restricted fvnds - Details of restricted funds and their purposes can be found in detail in the Trustee's report. Endowment funds - The endowment fund repsentS a grant received to fund the purchase of the building where charitable activities are undertaken. Depreciation of the building based on the length of the lease is charged to this fijnd. 16. Accrued Income At the year end the accrued income balance is £0 (2024: £0). Deferred Income At the year end the deferred income balance is £0 (2024: £0}. 17. Penslon Commitments The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost and charge in the accounts represents contributs'ons payable by the company to the fund and amounted to £1,968 (2024.. £2,462). 17