COMPANY NUMBER.. 05099915
CLLAIUTY NUMBER,. I1140.?1
WHITTtNGTON PARK COMMUNITY ASSOCIATION
(COMPANY LTMITED BY GUARANTEE WITHOUT SHAR8 C.4PlTAL)
REPORT AND
FtNANCTAL STATEMENTS
FOR THE YEAKENDED 31 MARCH 2024

WH1￿INGToN PARK COMMUNITY ASSOCIATION
INDEX TO FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Page No.
Chair's Report
2 - 7 Trustees, Annual Report (including Directors. Report)
Independent Examiner's Report
Statement of Financial Activities (including tncome and Expcnditure Account)
io
Balance Sheet
Statement of C&8h Flows
12 - 20 Notes to the Financial Statements

wH1￿[NGToN PAR￿ COMMUNITY ASSOCIATION
CHAIR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2024
This financial year marked the first full operational yeai. for WPCA following the refurbishment of our halls. The Board's
priTnary strategy W&S to generate additional reveTJue by increasing hall hire income. This was achieved through tsvo main
approaches- adjusting hourly rates to Teflect the iit]proved value of the renovated halls and extending the availability of
hireable hours.
To support this strategy, the WPCA expanded its team to enhance operatiollal efficiency and broaden its outreach. New
hires included:
An office rnanaggr to str¥amlin¢ opcratioDS and ensutc Co￿pItanCe across tbe building and serYiLes.
Marketino support to promote the venue.
A service liaiiyon tv bUPPOrt thc Over-55b program and Youth Club.
While these additions increased our costs. they proved critical to tbe success of OUT strategy. Thc ncw team effectively
managed the increased operational workload due to higher footfall while Colltn￿Uting to steady growtb in hall hire income.
Despite significant progress. 2023 also broU￿t challenges. The closure of our Community Nursery was particularly
difficulL Declining birth rates in LoDdon. mirrored aeross the borough's nurseries and primary schools. rendcrcd our
intak¢ of new cbildrell unsustsinable. We ensured that all children were placed locally, and that staff Teceived appropriate
5UPPOrt during the Closure pro¢¢s$.
Additionally, Ann Mason, our Centre Manager for over 12 years, retired this year. Her departure. coupled with the
resignation of Alex, our Over-55s coordinalor, placed extrR demands on our small tearn. Nonetheles& the WPCA
successfully expanded hall hire and other serYAces during this transitional period.
At the end of the financial year, we welcomed Jo Co￿2[1 &8 our neiv Centre Manoger. Jo has already had a positive
impacL bringing fresh energy and proactive leadership to the WPCA. L￿okillg Èihedd, we &re optirnistic about th¢
opportunities to expand our services foT the community. including reopening the ￿fe in early 2025 and launching Phase
2 of our building's expansion.
Courtney Shapiro (Chair)

WHITTtNGTON PARK COMMUNITY ASSL)CIA'I'IUN
TRUSTEES. ATrtNUAL REPORT (INCLUDING DIRECTORS, REPORT)
FOR THE YEAR ENDED 31 MARCH 2024
The trnstees present their annual report and financial ststements of the chariry for the year ended 31 March 2024. The
trust¢es have adopted the proviSiOTJS of the Siaiement of RecoTnmended Practice (SORP) "Accounting and Reporting
by Charities" {FRS 102) in preparing the <innual report and financial statements of the charity.
The fllwJLial statemetlts have been prepared in accordance with the accounting policies set out in notes to the accounts
aThd comply with the Mernorandutn and Articles of Association. the Charities Act 201 I, the Companies Act 2006 and
Accoullting and Reporting by Charities.. Statement of Recommcnded PractiLe applicable to charities preparing their
accounts ITh accordance with the FinanLial Reporting Starnd￿d applicable in the UK and RepubliL of Ireland published
in Octobcr 2019.
Objeclives andActivitie
Summary ol'the objec13 Ol'the charity sel oul iii its governing documenl (as amended)
To PTomot¢ the Whittington Park Community Association and its seTViC¢5 for the beneflt of the people in the local area
and as50¢iat¢d projects in the community. This is %￿ltho￿t distinction of 5¢K, ag¢, religion, sexual orientstion, race, or
of political, religious or other opinions.
In planning our activities for the year we kept in mind the Charity Commission'5 guidance on public benefit at our
stee meettng5.
Sufflmary ofthe main acliviti(as in relation lo the objects
The Whittington Park Community Association (WPCA) is a itgistered charity and company Limited by Guarantee. It
operdtes a large complex ot buildings based in the Whittington ParK Junction Ward, in Islington as a community hub.
Our beneficiaries range from babies to the elderly.
Our Early Years Hub houses our nursery for 24 year olds, a Childminders Drop-in and Stay and Play for under 5s.
Thursday night Youth Club
Social club for 55 plus witli outreach
4H garden
10 volunteers support OUT social club activities and regular telephone contact, meals on bikes, 4H garde￿ website and
fundraising.
Activities to delii)erpublic benejtf
WPCA is a multi-use community centre located on the edge of Whittington Park. Our mission is to providc a welcoming
and well-run centre toi. everyone, particularly individuals in need and groups in1s1ington to sustain and develop a vibrant
community.
Wc have rcccntly complcted phase l of a major renovation projcct and Tcopened 3 new spaccs foT community use along
with income generation to support our services.
What we do
As part of this mission, we aim to reduce health inequalities by providing activities where income is not a barrier.
Through hosting classes, events and group5 and PTovidiiig services for vulnerable group5- economically disadvantage4J
faJnili¢$ through our community nursery. older, i501at¢d people through our Social Club for 55+ and Men's Social Club.
Thurthy r]ight Youth Club for 13-19 year olds, we aim to provide early intervention and a well-Tound¢d, pla¢e-based
offering to local people.

WHITTINGTON PARK COMMUNITY ASSOCIATION
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH ?024
We ruT] a Tange of activities for 55 plus including a walk-in lunch club plus a delivery seTNrice 3 days a week. A range
of activities to support mental, physical and emotiollal ivell-being and a place to meet new people and seek advice and
signposting to support when required.
We a communiry nursery preduminantly for economically disadvantaged families and 2 drop in stay and play
services. one for childminders and one for parents and car￿.
We also run a weekty youth club for 13- to 19-year-olds.
With our new sports hall and upper halls open. wr are explffting ho￿. to n]aximise the usc of our rcfijrbishcd building
spaces to benefit the community and llLaxirni5e ullrestiictLd inco￿6 to support existing services Under the following
themes: Melltsl Health and Well-Being. PhysiGal Health/Well-being. and Upskilliug.
Achievements gnd Performance
Pivgrani Higliliglits
Eiirl Ycdits IIub
Operating 50 weeks a year on Wednesdays and Thiirsdays, the Early Years Hub continue5 to be a cherished spaLL' foT
childre[4 parents, Larers, and Lhildn)inders. Its large outdooi. play area remains a central attraLtion.
This year, ill partnership witb BL'ight Star¢ plaDt¢d a wild hedgerow border and held sumrn¢r droTrin sessioDs. A key
highlight was the creation of a mural on Ibe builditig's exterior, designed by local artist Hells Gibson. This collab017tive
project, involving children and comrrtunAty groups, celebraies the area's natLU71 habitat.
Co[]￿]￿nic Nur5Ci
Regrettably, our Con]munity Nursery c105ed at the end of 2023 due to external challenges, including fi]ndiug change8 and
oversupply of nursery places in Islington. The nursery's tight busin¢ss tnodel, dependent on full &ttendan¢e, becatne
unsustainable as rumiing costs exceeded government fl￿ding rates.
This closure is no reflection on the quality of care provided, which was Consistently rated "very good,, nor oil ihe
dedication of our outstanding nursery team.
Youth Club
The Youth Club has thTived in our newly r¢fuTbished halls. One standout initiative this year was the production of a short
film in collaboration with a profcssional scriptwriter. director. and production team. The tilm premiered at tbc CTuuch
End Arts Centre, with tbc young stars proudly in attendance.
Progra￿￿ such as the cooking club re￿￿ill popular. offering young people opportwiities lo build confidence and foster
friendships in a sate and supportive eTFvironrnenL
Over-5Ss Pro
arn
Running on Tuesdays, Wednesdays. and ThuTsdays. thc Over-55s program provides a hot two-eouTse lunch both onsile
and via bike delivery.
The range of onsite activities has expanded to include liiie dynciDg. an enlarg¢d poety club with 29 men]b¢￿. art classes,
and gentle exer¢i$e sessions. Members also enjoyed cultural outings to the British Museum &nd Kew Gardens. alongsido
el¢brations such as Valentine's Day, Black History Month, and the annual Christmas paty

WHITTINGTON PARK COMMUNITY ASSOCIA"I'IQ)N
TRUSTEES, ANNUAL REPORT (INCLUDING DIIiECTORS' REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Team and L adershi
This year ￿arked significant transitions within our team. A[￿ Mason, our long-5erving Ccntre Manager, retired after
over 12 years of exceptional leadership. Ann spearhE4ded nuTnerous developrnents, including the creation of new
services, ovcrseetng our building refurbisbment. and guiding the WPCA througb the challengcs of the Covid pandemic.
The Board extends heartfelt thanks to Ann for her dedication and wishes her a fulfilling relirernent.
We also bid farewell to Alex. our Over-55s coordinator, Ivhose efforts greatly enriched the program. Special thath go
lo our core team-Jo, Marun, Gary, Yirgelem, and Sophi¢-for their bard work and comllLitment during this lime of
¢hange.
Additional support from freelance bookkeeper Jane and marketing advisor Isabelle has becn invaluable in optimizing our
hall bire strategy. The Board is optimistic about the year ahead and looks forward to continued growth under Jo's
leadership.
Financial Revlew
FolloThing the refurbishment of the Hocking Halls we are now sceing a steady income from the hall hire. However. thc
charity has made a deficit for the year in unrestricted funds of£68,184, which includes a transfer of £5,51 O of unrestricted
fund5 to the building fund to support the refurbishment of the Hocking Halls (see note 17 and 17.1).
Total income for the year ha5 dccTcased by 18 /0 and total expcnditllrc has decreased by 21 D/0, At the year end the lotal
unrcstricted free resers'es ivas £74,264 (2023 £142,448) of which £18,968 (2023 £24,478) bas been designated to
continue woik on the ha115 IrthrbislLm¢llt. The total restricted fund at the year-elld Th'as £25,819 (2023 - £22,789).
Reserves Polic).
The trustees have a policy to relain an unrestricled balance equivalent to three months unrestricted expendI￿re. At 31
March 24, general ￿ndS were £55,296 (2023 - £117,970) which is nearly four months of unrestricted expendI￿re.
incipal Funding Sourccj
The charity's PTin¢ipal sowces of fLmd5 (including fundraising), ranked by contributiott, are..
Grants from Islington Council
Hall hire and rental
Service fres
Plansfor Fulure Perio
Our plans are under continual Lhange and revision as we adapt services in line with Current restrictions.

WHITTINGTON PARK COMMUNITY ASSOCIATION
TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Structure, Governance andmanagement
Governing DoLument
The charity is constituted as a Company LimiLed by Guarantee incorporated Oll 13 April 2004 under the name of
Whittington Park Comtnunity Associaiion. li was registered as a C￿llY ivith tbe Chariry Commission on 4 May 2006.
In the event of the COLnpany being wound up. all niembers present and 12 months past arc required to contrlbute an
amount not exceeding £1.
Recn4ithieiit andAppoinlnienl of Trustees
Tn￿tee selectTOll is by election. All new tn￿teeS ar¢ illduct¢d to the board, each trusteeship caffies a detailed job
description and training is on offer.
Charities Oisaniiational Strncture
A Voluntary Management Committee, who is the board of Iruslees of the charity, rnanages the Charity. Hoiiorary
officers and represeiitatives of ￿11 members are elected annually at the AGM, while representatives of the various
pmjects are elected by the 8ervice users and appointed at the AGM.
The management Lommittee meets monthly to set policies and agree the organisations strategic direction.
Ovcrall rcsponsibility for the day-to-day rnnning of the centre, staff and volunteers is devolved to the CEO. Divisioiial
Co-ordinators are Tesponsiblc for thc manage]nent of individual Projects and assist in the line management of divisional
staff in thciT tcain.
Remuiieration o/"Kev Managemeni Personnel
The Trustees set pay and reinuJ]eration of key inanageinellt personnel on all annual basis. which are based on salary pay
scale nornis in Londoll.
sJp.sle￿l and Procedupe,f lo Jvanage Ri.fk
Th¢ board of ttustees receives a quarterly financlal reporL a monthly CEO report and an annual risk register higbligbting
potential risk factors and recommendations to minimise adverse effect.
The Wider N*lwoi'k with which Èhe Charity Works
The assoLiation is working in partnership with the IoLal authoiity, voluntary and other Org¢￿15ationS to provide facilities
of social ivelfare, recreation, educatloll, and health improvement. The organisation's aim is to increase social inclusion
and play a part in improving the wellbeing of the centre's users and che community.

WHIThINGTON PARX CONLMUNITY ASSOCIATION
TRUSTEES. ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) (Continued)
FOR TEtE YEAR ENDED 31 MARCH 2024
Reference andAdmlAistrative Details
Charity, registration iiuniber..
1114033
Con¥)dny registratioii ntsntber,.
05099915
Register￿ aiidpriiieipal office..
Yerbury Road
London
N194RS
Direc¢(prs and Trwtee.s
The Board of ffiLStee5 COT15titutes diTecloTS of the covnpany for the Purpose of Lompany law and tru5tces for the purpose
of charity law. The trustees serving during the year and Since the yeaT-end were as follows..
C Shapiro
J Purcell
J Uden (resigned 26 March 2024)
J Burgess
G Modood
A Ruddock
J Solanki
G Chapma
ConiponJT secretary,:
E Case
Cliie]'execuÈive o]licer.'
A Mason (resigned 30 June 2024)
J Corrall (appointed l July ?024)
Independent ayamincr..
Barcant Beardon Limlted
Chartered Accouiit8ntS
8 Blackstock M￿v$
Islington
London
N4 2BT
anker.f.'
HSBC
3 12 Seven Sisters Road
Finsbury Park
London
N4 2AW
CAF Bat
Kings Hill
West Malling
Kent
ME19 4TA
Triodos BaLk
DeaDery Road
Bristol
BSI SAS

WHIrfINGTON PARJ( COMMUNITY ASSOCIATION
TRUSTEES, ANNUAL BEPORT (INCLUDING DIRECTORS, REPORT) (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
SiaÉeménl of ihe Trustees, Responsibilities
The trustees (who are also directOT8 of Whittington Park Community Association for the purposes of company law) are
responsible for prepaTing thc Trnstecs, ￿MUal Report and f￿anCIal statements in accordance with applicable law and
United Kingdom Accounting StandaTds (Ullitcd Kingdom Generally Accepted Accounting Practice).
Company law i'equires the trnstees to prcpaTC financial statements for each fjnancial year. Under company law thc
irustees must not ap￿.0ve the financial statcmcnts unlc&s they are salisfied ibal thcy give 2 truc and fair view of thc statc
OF affairs of ihc charitable company and of the incorning Icsourccs 2nd application of rcsourccs, including ihe incomc
and cxpcnd1￿rc. of thc charitablc company for ihe that pcriod. In prcparing thcse financial slatcmcnts, thc trustec& arc
reqiiired to=
Select suitable acoouiitiiig polici¢s and then apply them consistently-
Observe the methods aiid principle8 in the ChaTitics SORP 2019 (FRS 102)-
Make judgemenls and estimates that are ￿asonab]C and pnllknt.
stste whether applicable UK Accounting StandaTd5 have been follow¢d, subjectto any material d¢parturesdisclosed
and explain¢d in the financial stateinents. and
Prepare th¢ financial statements on the going concern basis unless it is inappropriate to PT¢sum¢ that the charitable
ompany will Continue in business.
The tTUStees are responsible for keeping adequate aLcounting records that disclose with reasollable acc'uracy at any time
the financial position of the charitsble company and to enabl¢ them to ensure that the financial statements uomply ivith
the Companies Act 2006. Th¢y are also responsible tor safe.￿arding the assets of the charitable Lompany and hence for
taking reasonable steps foi. th¢ prevention and detebtion of fraud and other Irreg￿lariticS
This report bas been prepared in aGcoTdance ivith the special provisions relating to small compaiiies within Part 15 ot
the Companies Act 2006.
On behalf of the board.
Courtney ShapAI'O (Chair)
Director and Trustee

INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES
OF WHIThINGTON PABX COMMUNITY ASSOCIATION
L report to the charity t￿SteeS my examination of the accounts of tbe company for the year ended 31 March 2024,
which are set out on pages 9 to 20.
RespO1￿1b11{tses and basis of report
As the charity trustees of the company (and also ils directors for the purposes of company law) you are responsible for
the preparation of the aceounL8 in accordance with the requirements of the Companies Act 2006 ('Ihe 2006 Act").
Having satisfied myself that the accounts of the company are nut required to be lldited under Part 16 of the 2006 Act
and are eligible for independent examination, I rq)ort in respcci of my examination ofyou company's accounts as carried
out under section 145 of the Charities Act 201 i ('the 2011 Acl"). In canying my examination I have followed the
Directions given by the Charity Commission vnder section 145(5)(b) of the 2011 Act.
IndependeKr ￿Miner'S statement
Since the company's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145
of the 201 l Act. l Confirm that T am qualified to undertake Ihe examination because l am a rnembeT of The Institute of
CbarteTed Accountants in England and Wales, which is one of the listed bodies.
I hake completed tny examination. I confirtn that no matter bas come to my attention in Connection with the examination
giving me cause to believe that in any rnaterial respect-
accounting records wer6 not kept in Tespect of the company as required by section 386 of the 2006 Act" or
the accounts do not acGord with those records- or
the aLCOUDts do llot iomply with the aLLOUnting requir¢m¢nts of section 396 of the 2006 ALt other than any
requirement that the aLcounts give a'true and fairTriew' M'hich is not a matter considered as part of an in(iependent
¢xamination; or
the accounts have not been prepared in accordance with the methods and principles of the State￿¢￿t of
Reconun¢llded Practice for accounting and Teporting by charities applicable to charities Preparing their accounts
in accordance with the Financia] Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I hav¢ no ¢on¢erns and have come across no other matters in connection with the examination to which atfrntion should
be drawn in this re.port in orde.[ to e.nFble. a prope.r iinder.qtanding nf the Ae.coiints tn he reached,
SI￿
Shu Fen Chung FCCA ACA
BARCANT BEARIJON LifwllTED
Chartered ALLountsnts
8 BlaLkstoLk Mews
Islington
London N4 2BT

WHITTINGTON PARK COMMUNITY ASSOCIATION
STATEMENf OF FINANCIAL ACTIVITIES (INCLUDING tNCOME AND EXPENDITURE ACCOUNT)
FOR YEAR ENDED 31 MARCH 2024
Notes
Reslricted Unrestricted
Funds
Funds
Total
Funds
2024
Tot81
Funds
2023
Jn¢onie and epidowmentsfroni..
Donations and legacies
Cbaritsble activities
Other trading activitieb
Tnvestments
257,248
67.847
6,102
61,301
33,993
4,301
?63.350
129,148
33,993
4,301
384,915
138,2?7
3.025
999
Total incorne and endowments
325.095
105,697
430.792
527.166
E.rpendilure on."
ChaTitsbl¢ artiYiti¢s
327.575
168.371
495,946
626,605
Total expenditure
327,575
168,371
495,946
6?6,605
Net incomel(expenditure) for the. year
(2,480)
(62.674)
(65,154) (99,439)
Transfers between ￿ndS
17
5,510
(5.510)
Net incopne/(expendithre) and nef movemenl zrt
ft4nd.¥ for iheyear
3,030
(68,184)
(65,154) (99.439)
Total tiinds brouJ)t tOrW￿
17
22,789
142.448
165,237
264.676
Total fund5 ¢ani¢d forward
17
25,819
74.264
100,083
165,237
The. 8tHtv.mp.nt Df finane.IRI ac.tiiiit.ie.s ini..Iiide.8 811 gains Ins4es rer.ogni,sed diiring the year.
All income and expenditure derive from continuing activities.

WHITTtNGTON PARK COMMUNITY ASSOCIATION
BALANCE SHEET
AS AT 31 MARCH 2024
Notes
2024
2023
Fired uysets
Tangible f￿ed assets
14
2,340
Cui'rent assÉts
Deb￿rS
Cash at bank and in hand
15
24,055
277.757
8,876
218,954
301,812
227.830
Creditors." amounts falling due witbin one year
16
(204.069)
(62.594)
Nel ciirrenl assets
97,743
165,236
Net assets
100.083
165.237
Funds
Restricted funds
unrestrict￿ funds
Designated funds
G¢n¢ral fimds
17
25,819
22.789
17
17
18,968
55,296
24,478
117,970
Total tunds
100,083
165237
For th¢ year ended 31 March 2024 th¢ Company was entitled to exemption from audit undeT section 477 of the
Companies Act 2006 relating lo small companies.
Directors. responsibiliti¢5-
The Luetnb¢rs haNe not required the company to obtsin an audit of its fmancial statements 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 io
accollnting records and the preparation of financial statements.
These financial statements are prepared in accordance with the special provisions of Parl 15 of the ConApanies Act.
relating to snull companies.
Signed on beh
f tli¢ board
ttts
Jeelendr¢i Solanki (Treasurer)
DiTector and Trustee
!K.fyL.coW..?aoy-
The notes on pages 12 - 20 fonn part of these fmancial sthtements.
Company Registration No. 05099915
10

WHITTINGTON PARK COMMUNITY ASSOCIATION
STATEMENT OF CASH FLOWS
AS AT 31 MARCH ?024
Notes
2024
2023
Cashflowfrom operating activities
Net Cash provAded by operating activities
19.0
57,620
{64,811)
C(Lfhflowfrom investing octiviti
Tnterest income
Purchase of tangible fixed assets
4,301
(3,118)
99()
1.183
999
Net increase in casli and cash equivalenls in the)ear
58,803
(63,812)
CILih and cash equivdlenls at the begiiining oftheyear
218,954
282,766
C￿h and Lash equ£valenls at ihL• ofth¥year
277,757
218,954
Analysif osc￿A and cash equivaleiits
Cash in bank and in hand
277.757
218,954
Cash and Lash equlvalenls al Ihe end of theyear
19.1
277,757
218,954

WHITTfNGTON PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
1.0 Accounling Policies
The principal accounting policies adopted, judgements and key sources of estin]ation uncertainty in the
preparation of the ftnancial staternents are as follows:
l. l General irtformalion and b￿1* ofpreparaÉiun
Whitlinglon Park CommuNity Association is a company limited by guaratllee and has no shate ¢apAtal. In the
event of the ch￿lty being wound up. the liability iti respect of the guarantee is limited to £1 per member of the
charity. The registered office is Yerbury Road, London Nl 9 4RS.
The charity constitutes a public benefit entity as defiiied by FRS 102. The financial statements have been
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended PrdCti¢¢
applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Stsndard applicable in the UK
and Republic of Ireland (FRS 102}. the Charities Act 2011, the Companies Act 2006 and UK Generally Accepted
Pra¢ti¢e.
The financial statements aTe prepared on a going concern basis under the historic cost conN'ention. The finan¢ial
slatemettts are prepared in sterling, whi¢h is the fullction471 curr¢n¢y of the coinpany. Monetary amouiits in these
finan¢ial statetnents are rounded to the nearest £.
1.2 Fund accounting
Unrestricted funds are available for use at the discTetion ot the trustees in filrtherance of the general objectives
of the charity and which have not been designated for other PUTposes. Unrestricted funds are donations and other
income recfflved or generated for the objects of the charity without further specified purpose and are available as
general fvnds.
Designated funds are unrestricted funds earmarked by the trustees for p&rti¢ular purposes.
Restricted fimds fiwds which are to be used in accordance with specific reslrictions imposed by donors or
wlii¥li liave beei) I'aised by die ch￿lty for particular purposes.
1.3 Income reeogrtition
AII incoming resour¢es are included in th¢ St8tem¢nt of Financial A¥*ivities (SOFA) when the charity is legally
entitled to tbe income after any perfonn8nLe conditions have been met, the amount can be measured reliably and
Lt is probable that the income wryll be recttive(L
For donations to be recognised the charity will baiTe been notified of the amoun￿ and the settlement date fjn
wilting. If there 1￿c conditions attached to the donation and this iequires a level of performdnce before entitlement
an be obtained thell income is deferred until those conditions are fully met oi" the ￿lfilMent of those conditions
is within the control of the charity and it is probable that they will be ￿lfilled.
No amount is included in the financial statements for volunteer lime in line with SORP (FRS 102). Further detail
is given in the Trustees. Annual Repon.
lllcome from trading activities includes income earned from tradAng activities to raise fllnds for the charity.
Income is receii'ed in exchange for supplying goods and services in ord¢r to raise fi￿d$ and is recognised when
entitlement has occurred.
12

WHITTINGTON PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
Income from goverllmeut and other grants are recognised at fair value when the chariry hag entiilement after any
perfomanec conditlolls have been met. it IS Probable that the income will be re¢eived and the amount c￿) be
measured reliably. If entitlement is not met then these amounts are deferred.
Interest income is recogni5ed when receivable and the amount can be measured reliably by the charity" this is
normally upon notification of the interest paid or payable by the Bank.
1.4 E.rpeiidilui e i'ecogiiilioii
All cxpcnditurc is acLounted for on an accTuals bdsib and has been classified under hcadings that aggrcgatc all
costs rclatcd to tbc catcgory. ExpcnditUTC is rccoglliscd whcrc thcre is a legal or Constructivc obligation to makc
payments to third parties. it is probable thai the selllement will be requiTed and the amount of ihe obligation can
be measured reliably. It is categorised under the following headings..
Costs of raising ￿ndS comprise the cosis incurred on activities that raise thnds.
Expenditure on charitable activities comprises those costs incurred by thc charity in the deliYeTy of its
activities and services. It in¢ludes both costs that can be allocated directly to such activities and those costs
of an indircct nature necessary to support thetn.
Other expenditui'e represcnts those items not falling into any other heading.
Irrecoverable VAT 15 charged as all expellse against the activity t.or w&ich expenditure arose.
J.5 Support cosls allocalion
Support costs are those functions that asbist the work of the charity but do not directly represent charitable
ctivities and include pi'emi5¢s overheads, office. fin4Lnce and govern<ince costs. They are iiicu￿cd directly in
support of expenditure on the objcbts ot the chartty. Where support costs callnot be directly attrtbuted to
particular headings they have been allocated to cost of raising funds and expendinire on ctLaTitable activilies on
& basis consistent with use of th¢ resource5.
1.6 OperatingLeases
Rentals payable under operating leases are charged to the Statement of Financial Activities on a straight lin¢ basis
ovcr thc pcriod of thc Ic&sC.
1. 7 TaiigEblefLred a.Y.iet.
Tangible fLxed assets ale capitalised at cost atLd depreciated over their esti[na￿d useful economic life. as follows..
Fixtw"cs, fittitLgs & equipment- straight line ovci 4 yeats
l.N Dehior,f
Trade and other debtors arc rccognised at the settlement amount. PrepayrnctLts are valued at the amoullt prepaid.
1.9 Ci-edilors andpioiiisions
Creditors and provisiolls are recognised where the cbaTity bas a picscllt obligation resulting from a past event
that will pi-obably result ill the transfer of funds to a third party and Ibe amount due to settle the obligalion can
be measured or estimated reliably. CreditOTS and provisions are nornially recognised at theiT settlement amount.
13

WHITTtNGTON PARK CONIMUNITY ASSOCIATION
NOTES TO THE F￿ANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
l. IQ PrOv￿10￿S
ProvisAons are recognised when the charity has an obligation at the balance sheet date as a result of a past even(
it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably
estIMa￿d.
1.11 Pensions
The cojnpany operates a defmed contribution scheme for the benefit of its employees. Contributions payable are
Charged in the Statement of Financial Activities iti the year they are payable.
1.12 Einployee benefits
The cost of any unused holiday enliljement is recognised in the year in which the employee's services are
received.
2.0 Crfll¢alA¢counting Estimates and Jmdgements
In the application of the charity's ftccounting poli¢ies, the tn]stees are required to make judgements, estimates
and assumptions about the carying aTnount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated a5SUIllPtions are based on historical experience and other factors that
are considered to be relevant. ALtual results may differ trom these estimates.
The estimates alld underlying assumptions are itviewed on an ongoing basis. R¢visions to accounting
estimates arc rccoglliscd in thr period in which the cstillhatc is rcvised ivhere the i'evision affccts only that
period. or in thc pcriod of the revision and futUTe periods ivhcrc thv revision affects both currEnl and future
periods.
3.0 Imconiefrom Donation,$ and Legacles
2024
2023
6.840
256,510
5.477
379,438
Grants
263,350
384,915
3. 1 Incotne from donation and leg￿leS was £263,350 (2023 - £384,915) of M,hich £257,248 L2023 - £371,850) was
attributable to restricted funds and £6,102 {2023 - £13,065) was attributable to unresLricted fvnds.
14

WHITTfNGTON PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
4.0 Incomefrom Charitable Aclivitie.F
2024
2023
Income from hall hire (sessional)
Income from rental
Income from fees
Perfomhance related grants
13,760
39,996
7,545
67,847
39,996
5,689
92,542
129,148
138,227
IDCOtne from charitable ￿tIvItieS was £129.148 (9023 _ £138.227) of which £67,847 (2023 - £92.542) was
attributable to restricted funds and £61.301 (2023 - £45.685} was attributable to unrestricted funds.
5.0 liicomefrom Other Trading AcÉiviftes
Unrestricted Unrestricted
fuvjds
fuiids
2024
20?3
Income from hall hii'e (non-sessional)
33,993
3,025
6.0 Incomefrom Investments
Unrestricted Unrestricted
nds
funds
2024
2023
Bank interest (UK)
999
7.0 Analysis ofExpenditMre on Charilablf Activities
Cbaritable Aaivities 2024
ActiN'ities
undertokon
dire£tly
Support
Governance
C06ts
Totsl
Corntnunity Centre
298,273
192,873
4,800
495,946
7.1 Charitable Activities 2023
Activities
utidertsken
direcdy
Support
costs
Governance
costs
Totsl
Community Celltre
487,26.3
134,?42
5,100
616,605
7.2 Of th¢ £495,946 expenditUTe in 2024 (2023 - £626.605), £327,575 (20?3 _ £573,635) was attributable to restricted
funds and £168.371 (2023 - £52,970) was attributable to unrestricted ￿nds.
15

WHirrJNGTON PARX CONIMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
8.0 Analysis ofsupport and GovErnance Costs
Support
costs
Goi'emance
costs
Total
2024
Total
2023
Staff costs
Premises
Office running
Bookkeeping
Legal attd professional
Communications
Infomiation Technology
Finance
Depreciation
Accountancy
102,642
54.044
2,216
8,676
14,702
5,472
4,104
238
779
102.642
54,044
56,151
46,757
948
7.420
15.564
2.999
4.151
252
8,676
14,702
5,472
4.104
238
779
4.800
4.800
5.100
192.873
4.800
197.673
139,342
9.0 Net Ineome/(ExpendiKure)for ihe Year
2024
2023
This is sraled after charging..
Independent examiner's fev
Dcpreciation
4.800
779
5,100
10.0 Trustees Remiineratiox ond Expenses
Tbe ttustees ivere not paid ally remuneration or received any otller benefits during the year (2023- £nil). Two
trustees (2023- none) received Teinibursement of expenses totalling £430 (2023 - £nil) during the year.
No trustee or other person related to the charity had any personal interest in Any ¢ontract or ITansaction entered
into by the cknaritable ¢ompany during tbe year (2023 - nil).
Il.0 An￿51S of staff eosts
2024
2023
Wages and salaries
Social security costs
Defmed Lonts-ibution perLSioll costs
207,739
8,743
4,964
157.995
5,974
4,459
221.446
10.317
168,4?8
6,814
Agency and freelance 51aff
231.763
175,242
11.1 No employee received remuneration of more than £60,000 (2023- none).
Jl. ? During the year th¢ compally paid £10.317 (2023 - £6.814) to independent third p￿.11¢5 for the provision of staff.
11.3 The total amount of employee benefits received by key management persoJ]nel is £91,921 (2023 - £88,360). The
company considers its key management personnel cornprise its Chief executive officer and SerAior o￿lcerS.
16

WH1￿INGToN PARX COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
12.0 Stafflvuinbers
The average monthly head count was 14 staff (2023: 12 stsfD and the average monthly number of full-time
equivalent employees (including casual and part titne staff) during the year was as follows:
2024
Number
2023
Number
alief executive officer
Senior officers
Adtninistration staff
Cleaning and n]aintenanee staff
Service delivery stafT Icoordinator5. play workers, nursery Tjurse.
catering staff, elc.)
13.0 Taxutinn
Whittington Park Community Association is considered to pass the tests set out in Paragraph I, Schedule 6 of ih¢
Finance Act 201 Q and theTefore it meets the definition of a ¢haritable cotnpany for UK COTPOTation tax pury)oses.
Accordingly, the charity is potentidlly exempt from taxation in respect of inLome or capital gains received within
categories covered by Chapter 3, Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of
Chargeable Gains Act 1992, to the extertt that suGh incomc orgaiiis are applied exclu&+ively to charitable purposes.
14.0 Tangible Fiyed Assets
Fixtures,
fittings &
eguipiiient
Cost
At l April 2023
Additions during the year
Disposals
22,391
3.118
At 31 March 2024
25,509
Depreciation
At l April 2023
DepreLi8tion charge for the year
22,390
779
At 31 March 2024
23,169
Net Book Value
At 31 March 2024
At l April 202.1
17

WHITTINGTON PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
15.0 Debtors
2024
2023
Trade debtors
Grants receivables and accrned income
Prepayments
Other debtors
469
925
5,305
1,845
801
2,652
242
24,055
8,876
16.0 Creditors.. Ainomnts Falling Due Within One Year
2024
2023
Creditors
Taxation and social security
Other creditors,
Accruals
2,958
1,636
190,608
8,867
5,273
2,￿)2
46,305
9,014
204,069
62,594
16.1 Included in other cirditors is a pension liability of £1,450 (2023 - £823).
J7.0 Analysis of Charitable Funds
Unrestri¢led Funds - thirrent Yeor
Balance
l Apr 2023
Incoming
Resou￿¢$
Outgoing
Resources
Transfer5
Balance
31 Mar 2024
General funds
Designated ￿ndS
Halls re￿rbIShrnellt
117,970
105,697
(168,371)
55,296
24,478
(5,510)
18,968
142,448
105,697
(168.371)
(5,510)
74,264
Unrestricted Funds- Previoiis Year
Balance
l Apr 2022
Incoming
Resources
Outgoing
Resources
TTan5fers
Balance
31 Mar 2023
General funds
Designated funds
Halls refurbishment
108.166
62,774
(52.970)
117,970
50.000
(25,522)
24,478
158,166
62,774
(52,970)
(25,522)
142,448
Name ofUn￿lrIL.Èedf1l11d
Desc"ription, Fldltlre andpuryoses of Éliefynd
General fijnds
Designated funds
The'free reserves" after allowing for any designated ￿nds.
Halls refurbisl]ment- towards the reftubisl)ment costs of tbe two halls.
18

WHirriNGTON PARK COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMEwfs (Continued)
FOR THE YEAR ENDED 31 MARCH 2024
17.1 RL'stricte.d Furtdf- CuiTertt Year
Balance
I Apr 2023
Incoming
Resources
Outgoing
Resources
Transfers
Balance
31 Mar ?024
London Borough of Islington
Building Fund
Octopus Cornrnunity Network
Thc Nlltional Lottcry Comrnunity fund
19.256
l67.640
150.738
6,717
(164,610)
(156,248)
{6,717)
22,286
5.510
3,533
3,533
325,095
(327.575)
5,510
Resfricted Fvndts'_ Previou& Year
Balance
l Apr 2022
Incoming
Resources
Outgoing
Resources
TransfeT5
Balance
31 Mai 2023
London Borough of Islington
Building Fund
Octopus Comrnuniry Network
The Natiollal Lottery Community Fund
Sport Islington
23.155
79,822
190.920
252,350
18.622
(194.819)
(357.694)
{18,622)
19,256
25,522
3,533
3.533
2.500
(2,500)
106,510
464.392
(573,6351
25,522
22.789
Name ofrestricted fund
Des¢riplion, Nalure andpurpobeb of ilie fund
London Borough of Isliiigton
Towards the following: Strategic Neighbourhood Partners Grants
Programme. Chilthninder Group and geiieric Stay and play J lunch club,
Youth Cliib, Nursery provision for over 2 years old and otber projects
Fundraising for the building improvement5
renovations were
undertaken durin￿ the fillaucial year and Phas¢ One was completed by
the beginning of 2024 with the buildin(rs offJ¢ially opened in April 2024
Octopus Community Network
Tov4'ards the Stay Well, Livc Well project
The National Lollery Community Fund To enhance off-site services for over 55 plus nol able io come to the
Centre due ￿ Covid restrictions and to provide training to volunteers
and Nursery slaff
For provision of exercise classes for over 55.5
Building Fund
Sport IslingloD
17.2 Th¥ n¢t transfer ot £5,510 (2023 - £25.522) from designated flU￿S to th¢ rLstriLtcd fijnds, Building Fund,
represents additional fundin£ towards thc projecl as was the purpose of the designatcd fund.
19

WHITTINGTON PARX COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR TFtE YEAR ENDED 31 MARCH 2024
18.0 Analysis oflVetAssets Betweeii Funds- Current Year
Restricted
Fulld
UDxestricled
Fund
Total
Tangfible fixed assets
Cagli at bank and in hand
Other net current asseisl(liabilities)
1,035
2,340
277,757
(180,014)
277,757
(204,798)
24,784
25,819
74,264
100.083
Analysvs of Net As$Éts Between hinds- ProloNs Year
Reslricted
Fund
Unrestricted
Fund
Total
Tangible fixed assets
Cash at bank and in hand
Other net Current as8et&l(liabilities)
218,954
(76.507)
218,954
(53,718)
22,789
22.789
142,448
165.237
19.0 RÉLonulMtion ofNet InLome to Jvet Cash Flvw Frum Operalixg AL'ljiiities
2G24
2023
Net income for the year
Adjustments for:
Interest iDcome
Depreciation charge
(Increase)Idecrease in debtors
Incrcasel(d¢cr¢as¢l in rr¢ditor
(65,154)
(99,439)
(4,301)
779
(15,179)
141,475
(999)
3,363
32,264
57,620
(64,811)
19.1 Analysis of Change5 in Net Debt
At l April
2023
Casb-floivs
At 31 MarLh
2024
Cash at bat)k and in hand
218,954
f8,803
277,757
20.0 Related Party Transactions
Aside from trustee rernuneration and expenses disclosed in note 10, there are no related party traDsactions during
the year (202.3 - none).
20