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Finsbury Park Trust
Trustees Report Year ended 31 3 24
FINSBURY PARK TRUST
Registered Charity Number 1105638
A Company Limited by Guarantee,
Registered Company Number 04599482
(England and Wales)
Trustees, Report and
Unaudited Financial Statements
for the Year Ended
31 March 2024

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Finsbury Park Trust
Trustees Report Year ended 31 3 24
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page
Reference and Administrative Details
Trustees, Report
Financial Review and Results
9-10
Statement of Trustees Responsibility
Independent Examiner's Report
12
Statement of Financial Activities
13
Balance Sheet
14-15
Notes to the Financial Statements
16-20
Detailed Statement of Financial Activities
21-22

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Finsbury Park Trust
Trustees Report Year ended 313 24
REFERENCE AND ADMINISTRATIVE DETAILS
FOR THE YEAR ENDED 31 MARCH 2024
TRUSTEES AND DIRECTORS
Soraya Adejare lappoinled 7 July 20241
Nadine Finch {resigned 4 Decernber 20231
Kasper de Graaf (resigned 4 December 20231
Gary Heather (resigned 4 Decernber 2023}
Elizabeth Hemmings
Anthonia Onigbode
Clare Potter (resigned 22 April 20241
Polly Robbins
Asima Shaikh (appointed 11 July 2023, resigned 22 April 2024)
Lawrence Singha
Marian Spall (appointed 7 July 2024)
Alexandra Worrell
COMPANY SECRETARY
Felicity Ford (appointed 1 August 2023)
Polly Robbins (resigned 31 July 20231
EXECUTIVE DIRECTOR
Felicity Ford (appointed 5 June 2023)
CHAIR
Clare Potter (Polly Robbins from 22 April 2024}
TREASURER
Anlhonia Onigbode
REGISTERED OFFICE
225-229 Seven Sisters Road
Finsbury Park
London
N4 2DA
REGISTERED COMPANY NUMBER
04599482 (England and Wales}
REGISTERED CHARITY NUMBER
1105638
BANKERS
Unity Trust Bank
PO Box 7193
Planetary Road
Willenhall
WV1 9DG
INDEPENDENT EXAMINER
Counterculture Partnership LLP
Bank Chambers
Main Street
Hawes
North Yorkshire
DL8 3QL

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Finsbury Park Trust
Trustees Report Year ended 313 24
TRUSTEES, REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The trustees who are also directors of the charity for the purposes of the Companies Act
2006, present their report with the independently examined financial statements of the charity
for the year ended 31 March 2024. The trustees have adopted the provisions of the Charities
Statement of Recommended Practice (SORP) (FRS102).' Accounting and Reporting by
Charities second edition effective 1 January 2019.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Organisational structure
Finsbury Park Trust is a community organisation, registered as a charity and as a company
limited by guarantee (without share capital) in 2004 and managed by a Board of Trustees. It
was established under a Memorandum and Articles of Association which established the
objects and powers of the charitable company and is governed under its Articles of
Association. The charity is a company limited by guarantee, as defined by the Companies Act
2006.
Governance
The Board of Trustees is responsible for the strategic management of the charity, setting
policies, developing business plans and approving the annual budget.
As directors of the Company, the Trustees each guarantee to contribute an amount not
exceeding £1 to the assets of the Company in the event of a winding up. Trustees have no
beneficial interest in the Company. There are no known conflicts of interest and these are
requested and recorded through an annual declaration, and updates requested at each
Board meeting. Any declared conflicts of interest would be recorded, monitored and
managed as necessary.
The Executive Board, comprising the Chair, Vice-chair and Treasurer, meets with the
Executive Director every two months and has been delegated with the authority to make
decisions on staffing issues, general premises issues. health and safety and risk
assessments. The Executive Director is responsible for day-to-day management of the
charity and reports to the Board.
The composition of the Board represents the charity's location on the corner of three
boroughs (Islington, Haringey and Hackney). Representatives are sought from local
councillors of the three boroughs, local residents and voluntary sector and business
representatives. All trustees are also directors of the charitable company for the purposes of
the Companies Act, and give their time and services on a voluntary basis. The names of the
trustees who served during the year 2023-24 are listed on page 3.
Trustees meet five times a year and at the annual general meeting, with a mix of online and
in-person meetings. They hold occasional Away Days to discuss the strategic development of
the Trust. Quarterly financial management accounts are presented at Board meetings.
Recruitment and appointment of new trustees
The trustees regularly review the skills and diversity of the Board when considering the
succession and appointment of new trustees. Potential new trustees are initially nominated
by the Executive Board and then invited to attend a board meeting. Successful candidates

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Finsbury Park Trust
Trustees Report Year ended 313 24
are co-opted to the Board of Trustees with the appointment being confirmed at the Annual
General Meeting. Trustees may serve a maximum of two consecutive terms of three years.
Trustees may also co-opt up to five persons duly qualified to be a trustee at any time.
Work has been begun on renewing the Board, with the appointment of a new Chair and Vice-
Chair, a skills audit, and the appointment of two new council representatives on the Board.
There is one vacancy which has been advertised.
Induction and training of new trustees
Finsbury Park Trust is a member of the National Council for Voluntary Organisations (NCVO)
and Locality and has access to a wide range of support services, including training. Trustees
and staff are encouraged to attend free workshops on all aspects of good governance. New
trustees are inducted by the other trustees and provided with background on the Trust and
enabled to attend events and activities to get a feel for the charity's work.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and
to ensure appropriate controls are in place to provide reasonable assurance against fraud
and error. Major risks are identified and recorded on a Risk Register which is regularly
reviewed by the trustees. Each major type of risk, and its potential impact, is assessed and
scored by the trustees in consultation with the Executive Director, and the mitigating actions
are noted. No organisation can be risk-free, but the trustees consider that the range of
measures and controls put in place to identify and mitigate major risks has reduced the
normal risks faced by Finsbury Park Trust to an acceptable level.
The appointment of a new Executive Director in June 2023 has enabled the Trust to take
effective action to mitigate the continuing effects of the pandemic on the Trust, which suffered
from loss of income, both from tenants and activities. Vacant offices have been relet and
room hire has increased unrestricted income,
The Trust has upgraded its finance systems to improve timely financial reporting and manage
cashflow.
Public Benefit
The trustees consider that they have complied with Section 17(5} of The Charities Act 2011
to have due regard to the public benefit guidance published by the Charity Commission.
Finsbury Park Trust's purpose is to support and respond to community need in order to
improve the lives of all people in Finsbury Park. Small local charities benefit from low-cost
office and room rental, which allows them to provide a public service to their users and
clients. The centre also welcomes local people to take part in a range of activities promoting
wellbeing and civic engagement.
Staff Management
The Trust employs an Executive Director to manage the Trust on a part-time basis. Felicity
Ford joined in June 2023. Talal Karim continued to wrap up the Erasmus project and left in
September 2023. Staff salaries were higher because of the overlap of the two staff, with
salaries paid during the financial year totalling £32,920 (202212023 £13,680), although some
of this was covered by restricted income (Erasmus project).

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Finsbury Park Trust
Trustees Report Year ended 313 24
OBJECTIVES AND ACTIVITIES
Objects of the charity
Finsbury Park Trust supports and responds to community need in order to improve the lives
of all people in Finsbury Park, a very diverse area of North London on the edge of three
boroughs- Islington, Haringey and Hackney. We work in partnership with local residents,
businesses, community groups, voluntary sector agencies and the three councils to bring
about lasting social, economic and environmental improvements for everyone in the Finsbury
Park area.
We own our centrally-located building on Seven Sisters Road, right next to Finsbury Park
station, and provide low-cost office space at affordable rents to small charities who in turn
offer support and advocacy services to the local community. We facilitate communication
between community organisations based at the Centre to add value to the services they
deliver and foster partnership working. We hire out our two meeting rooms and fully equipped
kitchen for community activities.
We welcome volunteers to help us carry out our work and be involved in our community.
Finsbury Park Trust's current initiatives
Provision of low-cost office space for charities and not-for-profit organisations.
Activities which help vulnerable local people meet together, share food, reduce
isolation and improve their wellbeing.
Room and kitchen hire for meetings, events, training, presentations and discussion
groups.
Support for local regeneration initiatives.
The relief of poverty
Many of the small organisations housed at Finsbury Park Trust provide advocacy, support
and training to vulnerable individuals on a weekly basis. By keeping our rents low we enable
these organisations to support more people.
In 2023 to 2024 the Trust refocused its own activities to make the premises more available to
the local community and to start a range of activities that would provide practical and
emotional support to local people.
We took over the street-facing unit from a tenant to give us the space to offer drop-ins directly
from the busy road. This has also enabled the Trust to promote itself and for local people to
become more aware of what is on offer. This has considerably increased the number and
type of activities which we can provide and will enable us to bring in project funding.
Food-related initiatives
Food poverty is a major issue in this area, with many people unable to feed themselves and
their families one hot nutritious meal a day. The diverse population includes many migrants
and refugees. Asylum-seeker hostels are also located nearby, where people have no
facilities to cook for themselves.
Finsbury Park Trust has refurbished its kitchen and we were delighted to receive a donation,
worth £500, from Phoenix ME via Islington's Big Alliance, of kitchen equipment, cutlery and
crockery so that we could cater for community activities.

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Finsbury Park Trust
Trustees Report Year ended 31 3 24
We built up a partnership with our tenants Jannaty Women's Social Society and Islington
Somali Community to put on joint food-related activities. This has proved very Suc￿sSfUl.
In December 2023 we received a grant of £550 from the Local Initiatives Fund to put on a
Festive Meal and provide festive hampers for vulnerable clients. We hosted over 40 clients at
the Festive Meal and 15 individuals and 15 large families received a bumper hamper,
including staple foods and a couple of treats. We were able to include more food through
surplus food donations from the Felix Project, which has also provided food for our pop-up
Food Co-op during school holidays.
In March 2024 we received a grant of £3,000 from the Islington Food Partnership to provide
hot meals to local vulnerable people. Despite the funded period falling during Ramadan we
were able to work in partnership to provide take-away meals for those fasting, three
community meals and a large Eid celebration. We provided 458 hot meals to 400 individuals
and worked with seven volunteers.
The relief of unemployment
The Trust continues to promote local support for unemployed people and signpost to other
sources of support. We have provided work experience for volunteers and enabled people to
learn new skills and increase in confidence.
The advancement of education, training or retraining
Two of our new tenants are providing education and training as small start-ups. The Trust
promotes community learning and awareness raising.
Garden activities
We have cleared our outdoor space and have begun to develop a small urban courtyard
allotment, showing people how to grow flowers and vegetables and providing an opportunity
to spend time in the open air.
Health and wellbeing information sessions
We have hosted health and wellbeing information sessions for the local community in
partnership with our tenants, Public Health Islington and Hackney, and the NHS.
The provision of office and meeting space
Providing affordable and well-managed office and meeting space for non-profit making
organisations and individuals forms a key part of the Trust's unrestricted income and is vital
in enabling it to carry out its charitable objects.
During 2023124 the Trust let office space to 16 voluntary sector and not-for-profit
organisations, including three new tenants. The meeting room was hired both by tenants and
external organisations on a regular basis.
The Trust continued to refurbish and upgrade the buildings to make them fit for tenants and
local community visitors. Following a Section 106 grant from London Borough of Islington of
£42,000 we were able to refurbish all of the roofs. As well as sorting out the leaks, this has
enabled us to provide a lovely roof terrace for tenants and to pursue the installation of solar
panels which will take place next year.
The central stairway was painted a clean white, considerably improving the communal area.
The IT infrastructure was upgraded, with the transition to Office 365, additional cabling and

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Finsbury Park Trust
Trustees Report Year ended 313 24
new Wi-fi on the upper floors, upgraded phones and the transition to '.org' for all Finsbury
Park Trust domains.
Works resulting from the fire risk assessment were completed. A hot-desking area for rent by
the day has been set up. Utility and supplier contracts have been renegotiated.
Future plans
The Trust is a member of the Islington Sustainable Energy Partnership and having received
some grants will continue to improve the Estate along sustainable energy lines, including
replacing lighting, improving insulation, secondary glazing and the installation of solar panels
next year.
Thanks to a grant the meeting rooms on the ground floor will be opened up to improve
community access and offer a broader range of activities. The building will be more
welcoming and easier to use for a range of community groups.
Project funding will be sought to continue the provision of food-related initiatives as well as
continuing with health and wellbeing awareness raising sessions.
GOING CONCERN
The Trustees believe the charity to be a going concern and are not aware of any material
factors that would lead them to believe otherwise.

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Finsbury Park Trust
Trustees Report Year ended 313 24
FINANCIAL REVIEW AND RESULTS FOR THE YEAR ENDED 31 March 2024
1. Statement of financial activities
The Statement of Financial Activities (SOFA) shows total income of £141,877 {2023: £208,201)
and total expenditure of £162,503 (2023.. £203,002). This resulted in a net deficit before
amortisation of property of £20,626 (2023: surplus of £5,219).
There was a significant decrease in voluntary income from 2023 to 2024 of £65,553 (this year
£45,550 and last year £111,103). This was mainly due to receiving less grant funding in 2023-24.
Overall, the total income (voluntary and investment) decreased from 2023 to 2024 by 32 % (2023..
£208,221 (£114,065 + £94,156), 2024. £141,877 (£46,929 + £94,948) giving a total decrease of
£66,344. Details of the breakdown of investment income can be found in note 2 to the accounts.
2. Assets and liabilities
Tangible fixed assets
The Trust owns the freehold of a large property in North London. This forms its tangible fixed asset
and enables it to bring in unrestricted rental income from tenants and room bookings. Regular
maintenance work is carried out to ensure the asset continues to hold its value.
Due to depreciation the tangible fixed assets were reduced from £2,050,251 last year to
£1 ,999,549 this year (see note 6 to the accounts). This reduction was attributable mainly to the
amortisation charge on the building of £50,000 {i,e. 2 % on the freehold valuation of £2,495,000).
The value of the buildings is depreciated over the potential life of the asset, in this case assumed
to be 50 years.
Current assets
Current assets decreased by £28,385 (2023: £9,895 increase) during the year, including restricted
funds, from £78,353 last year to £49,968 this year. This was mainly due to a decrease in debtors
of £30,908 (2023.. increase of 26,225) over the previous year, falling from £53,305 last year to
£22,397 this year (Note 7 to the accounts). Bank and cash balances have increased by £2,523
(2023., reduced by £16,330) from £25,048 to £27,571 on ordinary funds and restricted funds.
Current liabilities
Creditors decreased by £8,461 (2023.. increased by £3,153) from £26,289 last year to £17,828 on
all activities.
3. Principal sources of funding and expenditure
Principal sources of funding included grants and rent income. To support the key objectives of the
charity, these resources were expended on:
Staff costs
Direct charitable expenditure
Office expenses
Premises and maintenance costs
Governance costs

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Finsbury Park Trust
Trustees Report Year ended 31 3 24
FINANCIAL REVIEW AND RESULTS FOR THE YEAR ENDED 31 March 2024- cont.
4. Reserves Policy
The trustees, reserves policy is designed to meet the Charity Commission's guidance on reserves
in ways that are..
Applicable to the Trust's charitable objectives and aims, and
Meaningful to the Trust's stakeholders and funders.
Definition of reserves
Reserves comprise two kinds of unrestricted funds and a restricted fund..
General unrestricted funds ('the revenue reserve,) which can be applied to any of the
Trust's aims and objectives
Designated unrestricted funds ('the buildings reserve,), which have been earmarked by
trustees for a particular use.
Restricted funds are given explicitly to be applied to a particular project or aim and are to
fulfil the delivery of the project, strand of work or maintenance project.
The Board is committed to building up both a Revenue and Building Reserve to ensure that
fluctuations in future income do not threaten the financial stability of the organisation. The
uncertainties include grants from statutory bodies and rental income.
The Revenue Reserve is needed to provide funds for the current and future operation of the
charity in an efficient manner. The Trustees believe that this reserve should be standing at a level
equivalent to three month's total expenditure calculated and reviewed annually. At present the
Revenue Reserve is below the desired level and it is planned to build it up, in stages consistent
with the charity's overall financial position and its need to maintain its activities. The Revenue
Reserve includes general funds that arise from rents receivable from other charities for rooms
rented out, donations and other incoming resources receivable or generated in furtherance of the
charity's objectives without a further specified purpose, less the operational costs of the charity.
Designated Reserves (sometimes known as a Building Reserve) comprise of a fund for the
building asset which the charity owns and occupies, that is maintained and refurbished to an
appropriate standard, The fund represents the original cost and subsequent improvements of the
freehold property. less the accumulated amortisation charges. Each year 5 per cent of the
building's value is amortised and this cost is charged to revenue expenditure. The other costs of
maintaining the building are also charged to revenue expenditure,
Restricted funds arise from the temporary balances arising after grants for specific purposes are
received and from which corresponding grants are paid and additional expenditure is incurred.
After a period of time these restricted grant funds will be exhausted. The policies for and levels of
these reserves will continue to be monitored by Trustees on an annual basis.
5. Funds and subsidiary undertakings
The Charity's funds and the movements during the year are shown in the Balance Sheet. There
were no subsidiary undertakings.
io I

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Finsbury Park Trust
Trustees Report Year ended 313 24
STATEMENT OF TRUSTEES, RESPONSIBILITY
The trustees (who are also the directors of Finsbury Park Trust 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 (United Kingdom
Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of affairs of the charitable company and of the
incoming resources and application of resources, including the income and expenditure, of
the charitable company for that period. In preparing those financial statements, the trustees
are required to:
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Charity SORP.
make judgements and estimates that are reasonable and prudent.,
prepare the financial statements on a going-concern basis unless it is inappropriate to
presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with
reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence
for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website.
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating to small companies.
Iikn DecErY)lkn-
Approved by order of the board of trustees on
signed on its behalf by..
2024 and
Slgnotj by..
I￿$
6F43
lel48F84AO':
Polly Robbins- Trustee (Chair)

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Finsbury Park Trust
Trustees Report Year ended 31 3 24
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
FINSBURY PARK TRUST (REGISTERED NUMBER 04599482)
I report on the accounts of the company for the year ended 31 March 2024, which are set out
on pages 13to 15.
Responsibilities and basis of report
As the charity's trustees (and also the 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.
Having satisfied myself that the charity is not subject to audit under company law and is
eligible for independent examination, I have examined your charity's accounts as required
under section 145 of the Charities Act 2011 ('the Act,). In carrying out my examination I have
followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011
Act.
My role is to state whether any material matters have come to my attention giving me cause
to believe..
that accounting records were not kept as required by section 386 of the Companies
Act 2006., or
that the accounts do not accord with those records., or
that the accounts do not comply with the accounting requirements of section 396 of
the Companies Act 2006 and with the methods and principles of the Charities
Statement of Recommended Practice applicable to charities preparing their accounts
in accordance with the Financial Reporting Standard {FRS 102) applicable in the UK
and Republic of Ireland., or
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4)
listed above and, in connection with following the directions of the Charity Commission, I
have found no matters that require drawing to your attention.
Andrew Wells
Counterculture Partnership LLP
Bank Chambers
Main Street
Hawes
North Yorkshire
DL8 3QL
8vJnod by..
FF368D&BA37JdD4.
2024
l2 |

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Finsbury Park Trust
Trustees Report Year ended 313 24
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
Restricted
funds
INCOMING RESOURCES
Incoming resources from generated funds
Voluntary income
Investment income
1,379
94,948
45.550
46,929
94,948
114,065
94,158
Total incoming resources
96,327
45,550
141,877
208,221
RESOURCES EXPENDED
Staff costs
Direct charitable expenditure
Office expenses
Premises and maintenance costs
Depreciation of office equipment
Governance costs
3+5
44,813
7,920
5,862
52,733
5,862
8,842
92,212
1,290
1,564
32,658
62,870
10,560
93,073
1,523
2,318
8,842
37,432
1,290
1,564
54.780
Total resources expended
93,941
68,562
162,503
203,002
NET INCOMINGI(OUTGOING) RESOURCES
2,386
123.0121
120,6261
5,219
Amortisation of property
50,000
50,000
50,000
NET INCOMINGIIOUTGOING) RESOURCES
AFTER AMORTISATION
147,614)
{23,0121
170,626}
144,7811
RECONCILIATION OF FUNDS
Total funds brought forward
2,079,303
23.012
2,102,315
2,147,096
TOTAL FUNDS CARRIED FORWARD
2,031,689
2,031,689
2,102.315

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Finsbury Park Trust
Trustees Report Year ended 313 24
BALANCE SHEET
AT 31 MARCH 2024
31.3.24
31.3.23
Total funds Total funds
Unrestricted
funds
Restricted
fund
Notes
FIXED ASSETS
Tangible assets
1,999,549
1,999.549
2,050,251
CURRENT ASSETS
Debtors and prepayments
Cash at bank and in hand
22.397
27.571
22,397
27,571
53,305
25,048
49,968
49,968
78,353
CREDITORS
Amounts falling due within one year
(17,8281
{17,8281
126,2891
NET CURRENT ASSETS
32,140
32,140
52,064
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,031,689
2,031,689
2,102,315
NET ASSETS
2,031,689
2,031,689
2,102,315
FUNDS
Unrestricted funds
Restricted funds
2,031,689
2,079,763
22,552
TOTAL FUNDS
2,031,689 2,102.315

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Finsbury Park Trust
Trustees Report Year ended 313 24
BALANCE SHEET- CONTINUED
AT 31 MARCH 2024
The charitable com pany is enlilled lo exemption from audit under Section 477 of the
Companies Act 2006 relating lo small companies for the year ended 31 March 2024.
The members have not required the company lo obtain an audit of its financial statements
for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act
2006.
The trustees acknowledge their responsibilities for
la} ensuring that the charitable company keeps accounting records that comply wilh Sections
386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the stale of affairs of the
charitable company as al the end of each financial year and of ils surplus or deficit for each
financial year in accordance with the requirements of Sections 394 and 395 and which
othemise comply with the requirements of the Companies Act 2006 relating lo financial
statements, so far as applicable to the charitable company.
These financial slalements have been prepared in accordance with the special provisions
of Part 15 of the Companies Act 2006 relating to charitable small companies and with
Charities Slalemenl of Recommended Practice12019} applicable lo charities preparing
their accounts in accordance with the Financial Reporting Standard {FRS 1021 applicable
in the UK and Republic of Ireland.
The financial statements were approved by the Board of Trustees on
2024 and were signed on its behalf by..
SlgDoé by..
6P4J
1e1fj8PUAO'.
Polly Robbins -Trustee jChair}
AF68DEB2BIT44&5,..........
Anlhonia Onigbode - Trustee (Treasurer)

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Finsbury Park Trust
Trustees Report Year ended 313 24
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention,
and in accordance with the Financial Reporting Standard IFRS 102}, the
Companies Act 2006 and the requirements of the Statement of Recommended
Practice12019i, Accounting and Reporting by Charities.
Exemption from preparing a cash flow statement
Exemption has been taken from preparing a cash flow statement on the grounds
that the charitable company qualifies as a small charitable company.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when
the charity is legally entitled to the income and the amount can be quantified with
reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under
headings that aggregate all cost related to the category, Where costs cannot be
directly attributed to particular headings they have been allocated to activities on a
basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided al the following annual rates in order lo write off each
asset over its estimated useful life.
Freehold property
Fixtures and fittings
20/0 on cost
250/0 on written down value
Taxation
The charity is exempt from corporation tax on ils charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the
discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the
objects of the charity. Restrictions arise when specified by the donor or when funds
are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes
to the financial statements.
Pension costs and other post-retirement beneflts
The charitable company operates a defined contribution pension scheme.
Contributions payable to the charitable company's pension scheme are charged lo
the Statement of Financial Activities in the period to which they relate.

Docusign Envelope ID 1BFDA08C_5A2D4870_88D8_FAB30D5913D7
Finsbury Park Trust
Trustees Report Year ended 313 24
NOTES TO THE FINANCIAL STATEMENTS- CONT
FOR THE YEAR ENDED 31 MARCH 2024
INVESTMENT INCOME AND VOLUNTARY INCOME
31.3.24
31.3.23
RESTRICTED INCOME
Grant for Food Hampers
Grant for Hol Meal Service
Grant for Roof Repairs - LBI
Grant from Erasmus
Grant for Building Repairs- Groundwork UK
550
3,000
42,000
60,542
50,561
TOTAL RESTRICTED INCOME
45,550
111,103
UNRESTRICTED INCOME
Rents receivable
Direct expenses recovered
Room hire
Sundry grant income
Project management services and conference income
Insurance claimed
TOTAL UNRESTRICTED INCOME
82,601
2,470
9,071
1,379
82,323
738
2,845
1,900
1,062
8,250
97,118
806
96,327
TOTAL INCOME
141,877
208,221
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
Restricted
funds
INCOMING RESOURCES
Voluntary income
Grant for roof repairs - LBI
Other grants - last year £111,103 reslricled
Conference income
Donations
Project management services
42,000
3,550
42,000
3,550
113,003
62
100
1,279
100
1,279
1,000
1,379
45,550
Investment income
Rents receivable
Direct expenses recovered
Room hire
Insurance claimed
46,929
114,065
82,601
2,470
9,071
806
82,601
2,470
9,071
806
82.323
738
2,845
8,250
94,948
94,948
94,156
Total Incoming resources
96,327
45,550
141,877
208.221

Oocusign Envelope ID.. 1BFDA08C-5A2D487(k88D8-FAB30D5913D7
Finsbury Park Trust
Trustees Report Year ended 31 3 24
NOTES TO THE FINANCIAL STATEMENTS - CONT
FOR THE YEAR ENDED 31 MARCH 2024
NET INCOMINGIIOUTGOINGI RESOURCES
Net resources are staled after charging.,
31.3.24
31.3.23
Independent examiner's fees
Depreciation owned assets
Other pension costs
960
51,290
750
960
51,523
TRUSTEES, REMUNERATION AND BENEFITS
There were no trustees, remuneration, expenses or other benefits for the year ended
31 March 2024 nor for the year ended 31 March 2023.
STAFF COSTS
31.3.24
31.3.23
Salaries lof which £7,920 is a restricted expense)
Management Fees
Bookkeeping and Payroll Fees
Staff Advertising
Pension scheme contribution
32,920
7,058
12,005
14,280
10,936
6,263
1,179
750
52,733
32,858
TANGIBLE FIXED ASSETS
Freehold
property
Fixtures and
fittings
Totals
COST
At 1 April 2023
Additions in the year
2,495,000
12,677
588
2,507,677
588
At 31 March 2024
2,495,000
13,265
2,508,265
DEPRECIATION
Al 1 April 2023
Charge for year
449,319
50,000
8,107
1,290
457,426
51,290
At 31 March 2024
499,319
9,397
508,716
NET BOOK VALUE
At 31 March 2024
1,995,681
3,868
1,999.549
At 31 March 2023
2,045,681
4,570
2.050,251
18 |

Docusign Envelope ID". 18FDA08C-5A2D4870-88D8-FAB30D5913D7
Finsbury Park Trust
Trustees Report Year ended 313 24
NOTES TO THE FINANCIAL STATEMENTS - CONT
FOR THE YEAR ENDED 31 MARCH 2024
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Rent debtors
Grant receivable (restricted} debtor
PAYE debtor
Prepayments
20,720
33,730
16,813
348
2,414
203
1,474
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
31.3.23
Trade creditors and accruals
Taxation and social security
Other creditors,12023.'_ including £7,800 of restricted
expenditure)
11,715
175
5,938
13,522
12,767
MOVEMENT IN FUNDS
Net
At 1,4.23 movement in
funds
Transfers
between
funds
At 31.3.24
Unrestricted funds
General fund
Designated fund
34,082
2,045,681
1,926
50,0001
36,008
1,995,681
2,079,783
{48,0741
2,031,689
Restricted funds
Restricted fund
22,552
122,5521
TOTAL FUNDS
2.102,315
70,6261
2,031,689
Incoming
resources
Resources Movement in
expended
funds
Unrestricted funds
General fund
Designated fund
96,327
{94.401)
(50,0001
1,926
(50,0001
Restricted funds
Restricted fund
45,550
168,1021
122,552)
TOTAL FUNDS
141,877
{212,5031
{70,626}

Docusign Envelope10'. 1 BFDA08C-5A204870-88D8_FA830D5913D7
Finsbury Park Trust
Trustees Report Year ended 313 24
NOTES TO THE FINANCIAL STATEMENTS - CONT
FOR THE YEAR ENDED 31 MARCH 2024
MOVEMENT IN FUNDS- COMPARATIVE FOR 2023
Net
Al 1.4.22 movement in
funds
Transfers
between
funds
Al 31.3.23
Unrestricted funds
General fund
Designated fund
29,821
2,095,681
4,261
50,0001
34,082
2,045,681
2,125,502
145,7391
2,079,763
Restricted funds
Restricted fund
21,594
958
22.552
TOTAL FUNDS
2,147,096
44,7811
2,102.315
Comparative net movement in funds, included in the above, are as follows..
Incoming
resources
Resources Movement in
expended
funds
Unrestricted funds
General fund
Designated fund
97,118
192,8571
150,0001
4,261
150,000)
Restrlcted funds
Restricted fund
111,103
{110,1451
958
TOTAL FUNDS
208,221
253,002
44,7811

Docusign Envelope ID. 1BFDA08C-5A2D-4870-88D8-FAB30D5913D7
Finsbury Park Trust
Trustees Report Year ended 313 24
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
Restricted
funds
INCOMING RESOURCES
Voluntary income
Grant for roof repairs LBI
Grants
Conference income
Donations
Project management services
42,000
3,550
42,000
3,550
113,003
62
100
1,279
100
1,279
1,000
1,379
45,550
46,929
114,065
Investment income
Rents receivable
Direct expenses recovered
Room hire
Insurance claimed
82,601
2,470
9,071
806
82,601
2,470
9,071
806
82,323
738
2,845
8,250
94,948
94,948
94,156
Total incoming resources
96,327
45,550
141,877
208,221
RESOURCES EXPENDED
Staff Costs
Salaries
Management fees
Bookkeeping and payroll fees
Pension scheme contributions
Staff advertising
Direct Charitable Expenditure
Erasmus project expenses and other grants
Offic8 Expenses
Conference Costs
Catering and refreshments
Equipment
Meetings
Membership and subscriptions
Travel and subsistence
Volunteers
Project costs
Telephone, broadband and IT support
Other office expenses
Computer equipment- depreciation
Premises Expenses
Rates and water
Legal and professional
Insurance
Light and heat
Security
Repairs and maintenance
Cleaning
25,000
7,058
12,005
750
7,920
32,920
7,058
12,005
750
14,280
10,936
6,263
1,179
5,862
5,862
62,870
753
200
1,248
188
320
250
2,852
1,056
2,112
1,581
1,523
21
21
352
352
739
739
4,916
2,814
1,290
4,916
2,814
1,290
1,130
210
5.134
10,527
3,477
9,081
7,873
1,130
210
5,134
10,527
3,477
63.861
7,873
995
1,134
4,270
18,698
2.069
58,270
7.637
54,780
Total Operational Costs
92,377
88,562
160,939
200,684

Docusign Envelope10'. 18FDA08C_5A204870_88D8_FAB30D5913D7
Finsbury Park Trust
Trustees Report Year ended 313 24
DETAILED STATEMENT OF FINANCIAL ACTIVITIES - CONT
FOR THE YEAR ENDED 31 MARCH 2024
31.3.24
Total
funds
31.3.23
Total
funds
Unrestricted
funds
Restricted
funds
Governance Costs
Professional liability insurance
Cost of trustees, meetings
Other governance costs
Independent examiner's fees
293
253
58
960
293
253
58
960
470
492
396
960
Total governance costs
1,564
1,564
2,318
Total resources expended
g3,941
68,562
162,503
203,002
NET INCOMINGIIOUTGOING)
RESOURCES
2,386
123,0121
(20,6261
5,219
Amortisalion of property
{50,000}
(50,0001
150,0001
NET INCOMINGIIOUTGOING)
RESOURCES AFTER AMORTISATION
47,614
23,012
70,626
44,781
221