Charity No. 1109918
Company No. 05350679
NOTTING HILL GENESIS COMMUNITY
FOUNDATION LIMITED
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2024

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report and financial statements
For the year ended 31 March 2024
CONTENTS
PAGE(S)
Officers and professional advisers
Trustees, Annual report
Independent Examinerfs report to the Trustees of Notting Hill Genesis Community Foundation
Limited
statement of financial activities (SOFA)
Balance sheet
10
Notes to the financial statements

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Officers and Professional Advisers
Corporate Management Team
Chief Executive
Chief Financial Officer
Chief Operating Officer
Group Director of Central Services
Chief Information Officer
Group Director of Assets and Sustainability
Chief Financial Officer
Group Director of Development and Sales and
Deputy Chief Executive
Patrick Franco
Mark Smith (appointed 15 April 2024)
Katie Yallop
Vipul Thacker
Rajiv Peter
Matthew Cornwall-Jones
Susan Hickey (resigned 15 April 2024)
John Hughes (resigned 30 September 2024)
Company Secretary
Company Secretary
Sara Thomson (appointed 5 June 2024)
Andrew Nankivell (resigned 5 June 2024)
Registered Office
Bruce Kenrick House
2 Killick Street
London
N19FL
Bankers
Barclays Bank PLC
Business Banking
Floor 28
1 Churchill Place
London
E14 5HP
Solicitors
Devonshires
30 Finsbury Circus
London
EC2M 7DT
Independent Examiner
Beever and Struthers
Chartered Accountants
150 Minories
London
EC3N 1 LS
Charity Number
1109918
Company Number
05350679

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report
For the year ended 31 March 2024
The trustees of the Charity, as set out on page 6. who are also directors for the purposes of the Companies
Act 2006 present their annual report and unaudited financial statements for Notting Hill Genesis Community
Foundation Limited {"the Charity") for the year ended 31 March 2024. The trustees have adopted the
provisions of the Statement of Recommended Practice "Accounting and Reporting by Charities" FRS 102 as
revised in 2019 ("the SORP 2019.).
The trustees have given due consideration to the Charity Commission's published guidance on the operation
of public benefit requirements.
Objectives and activities
The charity approves grants and fundraising in line with the corporate objectives of Notting Hill Genesis (NHG)
and the obligations of two trust funds.
The charity's objects (the "objects") are for the benefit of those living in local authority areas in which Notting
Hill Genesis Group owns or manages or plans to own or manage housing stock and neighbouring local
authority areas (the "area of benefit") for the following charitable purposes.
a) to promote for the benefit of the public, of urban andlor rural regeneration in the area of benefit where
there is social and economic deprivation.
b) to develop the capacity and skills of members of the community in the area of benefit where there is
social and economic deprivation in such a way that they are better able to identify, and help meet their
needs and to participate more fully in society" and
c) to further such other purposes as are charitable according to the law of England and Wales as the
trustees may from time to time determine.
Achievements and performance
The Notting Hill Genesis Community Foundation Limited (NHGCF) is dedicated to helping local communities
in areas in which the former parent undertaking Genesis Housing Association operates. This is achieved by
awarding grants to organisations that address this objective.
The Trustees meet a minimum of two times a year to consider grant applications. As in the previous year,
Notting Hill Genesis. Research and Analysis Team is responsible for reviewing and documenting the ability
of successful applicants to implement the project according to their project application program requirements.
This is accomplished through the review of progress reports and project and fiscal records to ensure the
scope of work as outlined in the project application is being fulfilled and funds are expended and accounted
for properly.
Activities in the year
This year the Foundation's funds have been directed to support Notting Hill Genesis residents and divided
between three projects:
General Needs"
Care and Support; and
Regeneration Projects.
There are restrictions on how the monies can be spent under these projects. Each directorate is expected to
manage its own grant programme and be responsible for reporting the outcomes back to the partnership team
so that all can be collated and presented to the Foundation Board.
The General Needs programme provides direct small grants to residents in hardship, with need being
identified by frontline staff. Funded from Unrestricted funds directly from the ultimate parent undertaking,
Notting Hill Genesis.
Care and Support supports additional activity programmes within the scheme to make grants to key partners
to support them in delivering services within the schemes. Funded by the Eastwood Trust funds.
Regeneration will support regeneration across Notting Hill Genesis regeneration projects {Woodberry Down,
Grahame Park and Aylesbury) by funding placemaking, social enterprise, meanwhile uses and digital
solutions. Funded by Eastwood Trust and Knowles Trust funds.

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report (continued)
For the year ended 31 March 2024
Grants awarded
The following list of grants were awarded in year to 31 March 2024-
Programme
Amounts
Project objectives
Theme
Region
ctive Within
£60.41
Let's Get Active
Innovation and Good
Practice
Partnership Funding
BarneVHackney
nimating the
ommuni
Burgess Sports
£9,00
Past Present and Future
Barnet
£34.80
Multisports Holiday
Programme - for working
amilies
hangemakers for boys
nd girls club programme
Partnership Funding
Barnet
enter of Excellence
£27,12
Innovation and Good
Practi
Barnet
ommunity
ycleworks
£16,77
Fix a bike project on the
ylesbury Estate
Partnership Funding
outhwark
reation Southwark
£19,88
Poppy Project - delivery of
ver 65 support services
n A lesbu
Estate.
ommunications project to
ollate and showcase the
El programmes on our
re
eneration schemes.
FUSE Youth Project
Partnership Funding
outhwark
Ernest Simons LTD
£18.00
Innovation and Good
Practice
Barnet
Fun Unique Social
Enterprise C.l.C. TA
F.U.S.E.
Ignite Hubs
£27,50
Better Connections
Barnet
£5.62
Programme of weekly
fter-school coding club
essions for 25 children,
ged 7t0 11, attheuna
Marson Library. Aylesbury
Estate.
ontribution to the youth
lub programme
Partnership Funding
outhwark
Inspire Walworth
£6,80
Partnership Funding
outhwark
London Wildlife Trust
£16,71
eekly family learning
eekend drop-in nature
ctivities. school holiday
amily leaming programme
essions,. weekly under-5s"
argeted community
utreach sessions to
ngage Woodberry Down
residents.
alworth Neighbourhood
Food Model - Research
nd Development
Better Connections
Barnet
Pembroke College
ettlement
£18,00
Innovation
outhwark

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report (continued)
For the year ended 31 March 2024
Grants awarded {continued)
Pro
ramme
ocial Life
Amounts
£48,871
Pro
ect ob'ectives
oodberry Down Social
alue assessment-
Regeneration on residents,
ellbein
outh Club Summer
Pro
ramme
Community Wellbeing
Days
Theme
Innovation and Good
Practice
Re
Hackney
ion
port Inspired Ltd
£4,751
Partnership Funding
Barnet
he Zen Project
ommunity
£21,80
Better Connections
Barnet
alworth Garden
£171
Community Garden -
rovision of materials
Partnership Funding
outhwark
ayward London Ltd
£28.80
Plot B Meanwhile Space
roject initiation and
ana
ement
ro
ramme.
Business Incubator Pilot -
o accelerate business
rowth and success
Kickboxing lessons for
ouths in Aylesbury
Kickboxing lessons for
ouths in Aylesbury
Reducing hardship,
mproving health. well-
eing and digital inclusion.
Innovation and Good
Practice
Barnet
outh Engagement
olutions
Ltd
Frontier
£11.28
Innovation and Good
Practi
Barnet
£21
ocial, Health and Well-
eing
ocial. Health and Well-
eing
ocial, Health, Well-being
nd hardship.
outhwark
ofia Malewicz
£10
outhwark
are and Support-
Impact fund
£62,86
Extra care,
heltered.
easehold and
Penfold
otal
£439,49
Note 5
Financial review for the year ended 31 March 2024
Total income in the year of £74.177 (2023: £66.096) is made up of charitsble donations of £41,628 (2023..
£50,712) and interest re￿iVed of £32.549 (2023: £15,384).
Reserves policy and going concern
The total reserves at 31 March 2024 amounting to £1,060,643 {2023: £1,494,020), is made up of restricted
funds of £1.060,643 (2023: £1.493.910). There are no unrestricted reserves (2023.. £nil).
The restricted reserves is made up of funds which have been raised for specific purposes. The aim of the
trustees of Notting Hill Genesis Community Foundation Limited going forward is to utilise the restricted funds
in supporting its charitable objectives, towards the specific purposes for which the funds have been held.
The Board approved a written resolution in February 2020 to continue the running of the charity until these
funds are utilised. The trustees however consider it appropriate for accounts to be prepared on the going
concern basis for the year ended 31 March 2024.

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report (continued)
For the year ended 31 March 2024
Principal risks and uncertainties
The trustees have identified financial sustainability to be the principal risks of the Charity. A key element in
the management of financial risks is a regular review of available funds to meet the charity's objectives, settle
its debts as they fall due, regular liaison with the bank and financial support from its ultimate
parent undertaking. Accordingly. the principal risks and Un￿rtaIntieS of the Notting Hill Genesis Group {"the
Group"), which include those of the Charity, are discussed in the Group's annual report which does not
form part of this report.
Key performance indicators
The directors of Notting Hill Genesis manage the Group's operations on a group basis. For this reason, the
Charity's trustees believe that analysis using key perfomiance indicators for the Charity is not necessary or
appropriate for an understanding of the development, performance or position of the business of Notting
Hill Genesis Community Foundation Limited.
Structure, Governance and Management
The Notting Hill Genesis Community Foundation Limited ("the Charity") is a company limited by
guarantee (Company number 05350679) and was incorporated on 2 February 2005. It is governed by a
Memorandum and Articles of Association. it is also a registered charity with the Charity Commission
(Charity number 1109918).
The Charity s govemance is kept under regular review. Trustees are appointed for three-year terms and
are subject to an annual appraisal after the first year. The Board of Trustees of Notting Hill Genesis
Community Foundation Limited are approved by the board of Notting Hill Genesis. The Chair of the Board
is appointed from within the members of the Notting Hill Genesis Community Foundation Limited Board.
The appointment is also ratified by the Notting Hill Genesis board. The Chair cannot be a co-opted person.
The risk management process for Notting Hill Genesis Community Foundation Limited is being managed
as part of Notting Hill Genesis Group's risk management strategies, which aim to assess business risks
and implement risk management strategies. This involves identifying the types of risks the Charity
faces, prioritising them in terms of potential impact and likelihood of occurrence, and identifying means of
mitigating the risks.
The board has full control over the running of the Charity and no decisions are delegated. The Charity's key
source of income is investment income.

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report (continued)
For the year ended 31 March 2024
Training and induction of trustees
The trustees are inducted in the aims of the Charity and receive training in their roles and responsibilities.
Skills and management of the trustees is reviewed to ensure that the Charity has the right skills and where
there are skill and management gaps. new trustees are brought in to fill this gap. Each trustee is supported
to understand the Charity and its finances. The Charity is part of the Notting Hill Housing Group and has
adopted its governance requirements.
Trustees
The trustees of the Charity (also the directors for the purposes of company law) who were in office during the
year and up to the date of signing the financial statements were:
Patrick Franco
Mark smith (appointed 15 April 2024)
Katie Yallop
Vipul Thacker
Rajiv Peter
Matthew Cornwall-Jones
John Hughes (resigned 30 September 2024)
Chairman
Trustees, indemnities
As permitted by the articles of association, the trustees have the benefit of an indemnity which is a qualifying
third-party indemnity provision as defined by Section 234 of the Companies Act 2006. The indemnity was in
force throughout the last financial year and is currently in force. The Charity also purchased and maintained
throughout the financial year trustees. and officers, liability Insuran￿ in respect of itself and its trustees.
Independent examiners
The Charity's independent examiners Beever and Struthers have indicated their willingness to continue in
office. Their reappointment will be proposed at the Annual General Meeting.
Financial risk management policy
This report has been prepared in accordance with Part 15 of the Companies Act 2006. The Board approved
a written resolution in February 2020 to continue the running of the charity until its funds are fully utilised.

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Report of the Trustees incorporating the Directors Report (continued)
For the year ended 31 March 2024
Statement of trustees. responsibilities
The charity trustees (who are also the directors of Notting Hill Genesis Community Foundation Limited for the
purposes of company law) are responsible for preparing the trustees, annual report and financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice), including FRS 102 "The Financial Reporting Standard applicable in the UK
and Republic of Ireland"
Company law requires the trustees to prepare financial statements for each financial year. Under company
law the trustees must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the charitable company and of the incoming resources and application of
reSoUr￿s, including the income and expenditure. of the charitable company for that period. In preparing these
financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates that are reasonable and prudent.
state whether FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of
Ireland" has 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 charitable company will continue in business.
The trustees are responsible for keeping accounting records that disclose with reasonable accuracy at any
time the financial position of the charity and enable them to ensure that the financial statements comply with
the Companies Act 2006, the Charities Act 2011 and the Charity (Accounts and Reports) Regulations 2008.
They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps
for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the charitable company 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.
Statement as to disclosure to our auditors
In so far as the trustees are aware at the time of approving our trustees. annual report:
there is no relevant infomiation. being infomiation needed by the auditor in connection with
preparing their report, of which the Charity's auditor is unaware. and
the trustees, having made enquiries of fellow directors and the group's auditor that they ought to
have individually taken, have each taken all steps that helshe is obliged to take as a director in order
to make themselves aware of any relevant audit information and to stablish that the auditor is aware
of that information.
Approved by the board of trustees and signed on behalf of the board on 19 De￿rnber 2024,
Swned by.
B4E4...
Trustee
19/12/2024

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Independent Examiner's Report to the Trustees of the Notting Hill Genesis
Community Foundation Limited for the year ended 31 March 2024
I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March
2024 which are set out on pages 9 to 17.
Responsibilities and basis of report
As the charity 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 examination of your
company s accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
Independent examinerfs statement
I have completed my examination. I confirm that no material matters have come to my attention other than
that disclosed below which gives me cause to believe that:
accounting records were not kept in respect of the company as required by section 386 of the 2006
2. the accounts do not accord with those records. or
3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any
requirement that the accounts give a 'true and fair view, which is not a matter considered as part of
an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement
of Recommended Practice for accounting and reporting by charities applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).
Matter of concern - going concern
As noted in the Trustees, Report and note 1 of the financial statements, the Trustees intend to continue the
running of the charity until its funds are utilised.
I have no COn￿rnS and have come across no other matters in connection with the examination to which
attention should be drawn in this report other than the note above in order to enable a proper understanding
of the accounts to be reached.
Michael Tourville FCA
Beever and Struthers
Chartered Accountants
150 Minories
London
EC3N 1 LS
Date:
23 December 2024

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES (SOFA)
Incorporating an income and expenditure account
For the year ended 31 March 2024
Unrestricted Restricted Total funds Total funds
funds
funds
2024
2024
£000
£000
2024
£000
2023
£000
Note
Income from:
Donations and legacies
Investments
41
32
41
32
51
15
Total
73
73
66
Expenditure on:
Charitable activities
Other
(41)
(32)
(434)
(475)
(32)
(398)
(23)
Total expenditure
(73)
(434)
{507)
(421)
Net expenditure for the year
(434)
{434)
(355)
Net movement in deficit
Reconciliation of funds:
Total funds brought forward at 1 April
{434)
{434)
(355)
1,495
1,495
1,850
Total funds carried forward at 31 March
1,061
1,061
1,495
All of the above results are derived from continuing activities. All gains and losses recognised in the year are
included above.

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Company No. 05350679
Registered Charity No. 1109918
BALANCE SHEET
As at 31 March 2024
2024
£000
2023
£000
Notes
Current assets
Cash at bank and in hand
1,320
1.725
Total current assets
1.320
1,725
Creditors: amounts falling due within one year
(259)
(230)
Net current assets
1,061
1,495
Total assets less current liabilities
1,061
1,495
Net assets
1.061
1,495
The funds of the charity
Unrestricted funds
Restricted funds
1,061
1.495
Total charity funds
1.061
1,495
For the year ending 31 March 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 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.
The financial statements on pages 9 to 17 were authorised and approved by the trustees and were signed on
their behalf on 19 December 2024 by:
by.
584E4..
Trustee
19/12/2024
10

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements
For the year ended 31 March 2024
Accounting policies
The financial statements have been prepared in Complian￿ with United Kingdom Accounting Standards,
including Financial Reporting Standard 102. "The Financial Reporting Standard applicable in the United
Kingdom and the Republic of Ireland" ("FRS 102") and the Companies Act 2006, Charities Act 2011, and
Charities (Accounts and Reports) Regulations 2008, as well as the Charity Statement of Recommended
Practice (SORP). 'Accounting and Reporting by Charities. (2019).
Charity and company status
Notting Hill Genesis Community Foundation Limited is a company limited by guarantee. incorporated in
England and Wales, and a registered UK charity. The address of its registered office is Bruce Kenrick House
2 Killick Street London N19FL United Kingdom. The members of the charity are the trustees named on page
6. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per
member of the Charity. The functional currency of Notting Hill Genesis Community Foundation Limited is GBP
(£) and figures in the primary statements and notes have been rounded to the nearest thousand.
Summary of significant accounting policies
The principal accounting policies, which have been applied consistently, are set out below.
Basis of preparation
The financial statements have been prepared under the historic cost convention as amended for the
revaluation of investments.
The preparation of financial statements in conformity with FRS 102 requires the use of certain critical
accounting estimates. It also requires management to exercise its judgement in the process of applying the
company's accounting policies. The areas involving a higher degree of judgement or complexity, or areas
where assumptions and estimates are significant to the financial ststements are disclosed in note 2.
The company is a wholly owned subsidiary of Notting Hill Genesis and is included in the consolidated financial
statements of the parent company which are publicly available. Consequently. the company has applied the
exemptions available under FRS 102 in respect of the following disclosures:
Related party disclosures.,
Financial instruments:
Key management personnel compensation; and
Cashflow statement and related notes.
Going concern
A decision was made by the trustee in February 2020 to continue the running of the charity until the funds are
depleted however, the trustees consider it appropriate forthe financial statements to be prepared on the going
concern basis for the year ended 31 March 2024 given the net asset position of the Charity and expected
cashflows.
11

Notes to the financial statements (continued)
For the year ended 31 March 2024
Accounting policies (continued)
Income recognition
Income is recognised when the Charity is legally entitled to the funds, any performance conditions attached
to the item(s) of income have been met. it is probable that the income will be received, and the amount can
be measured or estimated reliably.
Income received in advance is recognition as deferred and included in creditors. Where entitlement occurs
before the cash is received, the income is accrued and included with debtors.
Income from donations is recognised when there is evidence of entitlement to the gift, receipt is probable,
and its amount can be measured reliably.
Interest on funds held on deposit is included when receivable and the amount can be measured or estimated
reliably by the charity. this is normally upon notification of the interest paid or payable by the bank.
Dividends are recognised once the dividend has been declared and notification has been received that the
dividend is due. This is normally upon notification by our investment advisor of the dividend yield of the
investment portfolio.
Expenditure
Expenditure is recognised On￿ there is a legal or constructive obligation to make a payment to a third party,
it is probable that settlement will be required, and the amount of the obligation can be measured reliably.
Expenditure is accounted for on an accruals basis and classified under headings that aggregate all costs
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.
Charitable activities costs are those costs incurred directly in support of the objects of the Charity and made
up of the total of direct costs and support costs. Direct costs are directly attributable project and administration
costs incurred on activities undertaken to further the charity's objectives. The basis of support cost has been
explained in note 5.
No VAT is recoverable on expenditure incurred given all income relates to activities either exempt or outside
the scope for VAT purposes. Irrecoverable VAT is charged as a cost against the activity for which the
expenditure was incurred.
Basic Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at amortised cost.
Fund accounting
Unrestricted income funds are funds which are available for use at the discretion of the trustees in furtherance
of the general objectives of the Charity and where they have not been designated for other purposes.
Restricted reserves are subjected to restrictions on their expenditure imposed by the donor.
12

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements (continued)
For the year ended 31 March 2024
Accounting policies (continued)
Trustees. remuneration
The trustees did not receive any emoluments and no out of pocket expenses were paid during the current or
prior year.
Staff Costs
There were no employees in Notting Hill Genesis Community Foundation Limited during the year (2023:
none).
Related party transactions
The Charity is entitled to the exemption allowed by FRS 102 Section 33.1A in relation to the disclosure of
transactions with other companies in the group as it is a wholly owned subsidiary. and its results are
consolidated in the financial statements of Notting Hill Genesis.
Critical accounting judgements and estimation uncertainty
Estimates and judgements are continually evaluated and are based on historical experience and otherfactors,
including expectations of future events that are believed to be reasonable under the circumstances.
Critical accounting estimates and assumptions
There were no critical accounting estimates exercised by management during the year in the process of
applying Company's accounting policies.
b)
Critical judgements in applying the Company's accounting policies
There were no critical judgements exercised by management during the year in the process of applying the
Company's accounting policies.
Income from charitable activities
2024
£000
2023
£000
Just Giving donations
41
51
The income recognised in the year represents the Just Giving donations raised by a number of runners in
the 202312024 London Marathon run held in October 2023. running on behalf of Notting Hill Genesis. the
ultimate parent undertaking of the charity.
Investment income
2024
2024
Unrestricted Restricted
£000
£000
32
2024
Total
£000
32
Interest receivable
32
32
Interest received in the year amounted to £32,549 (2023: £15,384).
13

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements (continued)
For the year ended 31 March 2024
Investment income (continued)
2023
2023
Unrestricted Restricted
£000
£000
15
2023
Total
£000
15
Interest receivable
15
15
5. Expenditure on charitable activities
2024
2024
Unrestricted Restricted
£000
£000
440
(6)
2024
Total
£000
440
(6)
41
32
Grant funding activities
Discontinued grants accruals written off in the year
Just Giving funding activities
Support costs
41
32
73
434
507
2023
2023
Unrestricted Restricted
£000
£000
394
(47)
2023
Total
£000
394
(47)
51
23
Grant funding activities
Discontinued grants accruals reversed in the year
Just Giving funding activities
Support costs
51
23
74
347
421
Grant funding activities are directly attributable project costs incurred on activities undertaken to further the
purposes of the charity. Directly attributable project costs comprise of grant payments (disclosed in the
trustees, report).
The Just Giving donations are used towards the General Needs programme which is the unrestricted funds
charitable activities carried out by the ultimate parent undertaking, Notting Hill Genesis. These include Love
Where You Live and hardship programmes. the partnership and volunteering programmes and the
employment and wellbeing support.
Support costs comprise of allocated overheads and administrative costs recharged from the parent. The
nature of support includes costs for accounting. independent examination. information technology and
financing.
14

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements (continued)
For the year ended 31 March 2024
Net expenditure for the year
2024
£000
2023
£000
This is stated after charging:
Independent examination fee (inclusive of VAT)
Creditors: amounts falling due within one year
2024
£000
155
67
37
2023
£000
Amounts owed to group undertakings
Accruals
Trade creditors
109
37
259
230
Analysis of charitable funds
1 April Income Expenditure Transfers 31 March
2023
2024
£000
£000
Analysis of movements in unrestricted funds -
2024
General funds
£000
£000
£000
73
(73)
Total unrestricted fund
73
73
1 April Income Expenditure Transfers 31 March
2022
2023
£000
£000
Analysis of movements in unrestricted funds -
2023
General funds
£000
£000
£000
15
(23)
Total unrestricted fund
15
(23)
15

NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements (continued)
For the year ended 31 March 2024
8 Analysis of charitable funds (continued)
1 April
2023 Income Expenditure Transfer
31 March
2024
Analysis of movements in restricted funds -
2024
Knowles Trust
Knowles Trust Investment Fund
Eastwood Trust
£000
15
968
512
£000
£000
(15)
{115)
(304)
£000
£000
853
208
Total
1,495
(434)
1,061
1 April
2022 Income Expenditure Transfer
31 March
2023
Analysis of movements in restricted funds -
2023
Knowles Trust
Knowles Trust Investment Fund
Eastwood Trust
£000
190
968
692
£000
£000
(175)
£000
£000
15
968
512
(172)
(8)
Total
1.850
(347)
(8)
1,495
The Knowles Trust Investment Funds is made up of funds transferred from the Knowles Trust fund which had
been ring-fenced for future investments. The charity disposed of all its investments in the previous year and
does not intend to purchase new investments with these funds. The Funds will be used to pay future grant
awards in furtheran￿ of the charity's objectives.
The Eastwood Trust Fund is made up of investments held which are being used to pay grant awards.
Analysis of net assets between funds
Unrestricted Restricted
Funds
Funds
£000
£000
1,320
(259)
Total
2024
£000
1,320
(259)
Cash at bank and in hand
Creditors due within one year
Net assets
1.061
1.061
Analysis of net assets between funds - previous year
Unrestricted Restricted
Funds
Funds
£000
£000
1,725
(230)
Total
2023
£000
1,725
(230)
Cash at bank and in hand
Creditors due within one year
Net assets
1,495
1,495
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NOTTING HILL GENESIS COMMUNITY FOUNDATION LIMITED
Notes to the financial statements (continued)
For the year ended 31 March 2024
10. Financial instruments
The carrying amounts of the charity's financial instruments are as follows:
2024
£000
2023
£000
Financial assets
Measured at cost..
Cash at bank and in hand
1,320
1,725
Total financial assets
1,320
1,725
Financial liabilities
Creditors
259
230
Total financial liabilities
259
230
11. Taxation
Notting Hill Genesis Community Foundation Limited is a registered charity and is thus exempted from taxation
of its income and gains falling within section 478 Corporation Tax Act 2010 to the extent that they are applied
to its charitable objectives. No tax charge has arisen in the year.
12. Ultimate parent undertaking
The immediate and ultimate parent undertaking and controlling party at 31 March 2024 was Notting Hill
Genesis, a charity incorporated as a community benefit society under the Co-operative and Community
Benefit Societies Act 2014 in England and Wales and is a Registered Provider of Social Housing, Registered
number 4880.
Notting Hill Genesis was the parent undertaking of the largest group of undertakings to consolidate these
financial statements at 31 March 2024. The consolidated financial statements of Notting Hill Genesis are
available from Bruce Kenrick House. 2 Killick Street. London. United Kingdom. N19FL or on their website.
17