COMPANYNUMBER: 05099915 LHARITY NUMBER.. 1114033 WH[INGToN PARK COMMUNITY ASSOCIATION (COMPANY LIMrrED B Y GUARANTEE W0[ SHARE cAPAL) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WHITTtNGTON PARK COMMUNITY ASSOCIATION rNDEX TO FINANCIAL STATEMENTS FOR THE YEAR ENDED 3 1 MARCH 2025 Page No. Chair's Report 2 - 7 Trustees, Annual Report (including Directors, Report) Independent Examiner's Report Statement of Financial Activities (ineluding InCrne and Expenditrjre Account) io Balance Sheet Ststement of Cash Flows 12 - 20 Notes to the Financial Statements
WHITTINGTON PARK COMMUNJTY ASSOCIATION CHAIR'S REPORT FOR THE YEAR ENDED 31 MARCH 2025 This year we focused on expanding our range of community-facing activities and events to attr&et a broader and more diverse mix of residents. We delivered a strong progr2rnme of inclusive activities across ages, interests and needs. We ran flagship events independently and in partnership with local charities and creative enterprises. Highlights included Galenline's Night and the Easter Egg Hup71, Ix)th organised by WPCA, and collaborative events such as the Big Wip7ler Singalong with Healthy Geneiztions, a Crealive IYI-ilipJg Course with Long Story Short, Ai'l Drop-ln sessions with a local artisl and Community Film Nigh13 With NC Productions. These events strengthened connections With partner groups and offered creative, social and cultural experiences for the community- Our Over 55's Social Club continued to glW its offer with a wider range of activities. In addition to regular socially oriented sessions. new opportunities included seated exercise classes, dance and tThovemenl sessions, arts and craft activities, tech support sessions, film and poetry groups, gentle fitness classes and organised trips to local venues such a5 Kew Gardens and the seaside. These additions responded directly to the needs ¢xpressed by participants and helped reduce isolation aLnong older residents. Youth services had a strong year. The Youth Club released its second self-produced film, Idle Hands. which ive showcased at the centre, offering young people a platforni to express creativity and build skills. The Early Year5 Hub sustained its popular Slay and Play sessions, and the childminders group continued essential peer support with joint trainin8 and Collaborative cover ansernents, dernonstratins remarkable resilience ld mutsal suptM)rt under Sam, leadership. We a150 saw chan8es in our stsffing team. We said goodbye to Tsi8ereda and Yirgalern and Ivelcomed Muna as the new Lunch Club Assistant following her time with us as a volunteer. Muna has quickly become a valued member of staff, bringing a wami, welcomLn8 presence to the team that 15 appreciated by participants and colleagues alike. Our 4H Garden regrettably became unsafe this year and had to close temporw'ily. Work has SiLice begun on renovations to ensure the space Can continue to provide fresh Seasonal fruit And vegetables for our Over 55's lunches. The garden will. remain llY accessible with raised planters and wheelchair access, reinforcing our commitment to inclusive green space and community food growing. We have also begun promising conversations with a local independent coffeehouse about opening a second branch in our community cafe. The food and drink.s offer in the centre is imw)rtant both financially and socially, and we hope to welcome this local fallY business in the year ahead to enhance the experience for our users. In Closing, this has been a year of renewed energy and widening participation. The range of classes, activities and events we have offered reflects the diversity of needs in our community, and I am grateful to all staff, volunteers and parthers whosc comn]itment ha5 rnade our progress possible. Courtney Shapim (Chair)
WHITTINGTON PARK COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT (INCLUDING DIRECTORS. REPORT) FOR THE YEAR ENDED 3 I MARCH 2025 The trustees present their annual repoi1 and financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of the Statement of Recommended Prdctice ISORP) "Accounting and Reporting by Charities" (FRS 102) in preparing the annual rep)rt and financial statements of the charity- The financial statements have been prepared in accordance with the accounting polieies set out in notes to the accounts and comply with the Memorandum and Articles of Association. the Charities Act 2011, the Companies Act 2006 and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing theii. accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in October 20 L9. Objectivu andAttivikie Siimmary of ihe objects of the charity sel oul in ils governEng documenl (as amended) To promote the Whittington Park Community Association and its services for the benefit of the people in the local area and associated projects in the community. This is without distinction of sex, age, religion, sexual orientation, rac4 01- of political, religious or other opinions. In planning our a¢tivitie5 for the yeaT we kept in rnind the Charity Commission's guidance on public benefit &t our trustee meetings. Summary ojthe main activities in I'elalion to the objecls The Whittington Park Community Association (WPCA) is a registered charity and company Limited by Guarantee. It operates a large complex of 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 a Childminders Dmp-in and Stsy and Play for under 5s. Thursday night Youth Club Socia5 club for 55 plus with outreach 4H garden 10 volunteers support our social club activitie5 and regular telephone contacL meals on bikes. 4H garden, website and fundraising. Aeiiijilies io deliiierpublic benefit WPCA is a multi-use community centre located on the edge of Whittington Park. Our mission is to provide a welcorning and well-run centre for everyone, particularly individuals in t]eed and groups in Islington to sustain and develop a vibrant community. What wc do As part of this mtssion, we aim to reduce health inequalities by providing activities where income is not a barrier. Through hosting classes. events and groups and providing services for vulrterable groups.. economically disadvantaged familics through our Stay and Play drop in sessions- older, isolated people through our Social Club for 55+ and Men's Social Club. Thursday night Youth Club for 13-19 year old5, we aim lo provide eaLly intervention and a well-rounded, place-based offering to local people. We run & range of activities for 55 plus including a walk-in lunch club plus a delivery service 3 days a week. A range of activities to support mental, physical and emotional Ivell-being and a place to meet new people and seek advice and signposting to support when required. We run 2 drop in stay and play services, one for Child1nderS and one for parents and ctu'ers.
WHITTINGTON PARK COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT (INCLUDtNG DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 3 1 MARCH 2025 We also run a weekly youth club for 13- to I9-Ye-0]d8. With our new sport5 hall and upper halls open. we are exploi-ing how to maximise the use of our rerb)shed building spaces to benefit the community and maximise unrestricted income to support existing services under the following themes- Mental Health and Well-Bein8.. Physical HealthlWell-bein8, and Upskilling. AehlÉvéments andPerformance Programmé Highlighis Earl Years Hub Operating 50 weeks a year on Wednesdays and Thursdays, the Early Years Hub continues to be a cherished space for children, parents, carers, and childminders. Its larger outdoor play area remains a central attraction. This >ear we continued to partner with Bright Start across the summer to bring more free activities to local children, particularly those with SEND. The wild hedgeTow planted last year continues Éo grow. Youth Club The group continues to thrive and create content. This year they released their second film, Idle Hands, with a Q&A panel following the screening on our new large pull-down screen in the halls. Alongside content creation, they continue to enjoy playing game5 like basketball, Playstation and table tennis, enjoying being in a safe space where they can relax. OvLr 555 Pro ramme Running on Tuesdays, Wednesdays, and Thursdays, the over 55s programme provides a hot tWO-CQUTse lunch both onsite and via bike delivery for those that cannot mak.e it in. Deliveries are made via local volunteers. The range of onsite activities ha5 expanded to include creative writing, seated exercise and singalong Tuesdays. Members also enjoyed cultural outings to the Welleome Trust and the British Museum, alongside celebrations such as Valentine's Day, St Patricks Day, the annual Christmas Paty and Black History Month. I, e'atn and L.L ershi This year the first full year under new Centre Manager Jo Corrall, wtio bi'ings with her enthusiasm and new community link.s. Special thanks to our core team - Jo, Martin, Gary, Penelope, Sam, Michael, Shawdon and Sophie- for their continued hai'd work and commitment to the centre. We bid fareivell to Tsigereda and Yirgalern this year, Ivho we ivould like to thank for their time and cal'e whilst at WPCA. Local volunteer Muna was hired to take on Yirgalem's role as Lunch Club Assistant. She was WmIY welcomed by staff and members alike. We also hired a new freelance caretaker, Michael, to help with the increased weekend hires. Additional support from freelance bookkeeper Jane and marketing advisor Isabelle has been invaluable in optimising our hall hire strategv. The board is optimistic about the year ahead and looks forward to continued growth under Jo, leadership.
WHITTTNGTON PARK COMMUNITY ASSOCEATION TRUSTEES, ANUAL REPORT (INCLUDING DIRECTORS, REPORT) (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Financial Revlew Total ffincome for the year has decreased by 35 and total expenditure has decreased by 40°h. At the year end the total unrestricted free reserves was £73.331 (2024 - £74,264) of which £18.968 (2024 - £18,968) has been designated to continue work on the refurbishment of the halls. The lotal restrirted fund at the year-end ivas £8,412 (2024- £25,819). Reserves Policy The trustees have a Ex)licy to retain an unrestricted balance equivalent to three months unrestricted expendIre. At 31 March 25, general funds were £54,363 (2024 - £55,296) which is over four month of unrestricted expenditure. Principal FupJdIngSorceS The charity's principal sources of funds (including fundraising), ranked by contribution. are.. Grants from Islington Council Grants from other funders Hall hire and rental Service fxs Plapufor Fulure Periods Our plans are under continual change and revision as we adapt serYi¢es in line with current restrictions.
WHITTtNGTON PARK COMMUNITY ASSOCIATION TRUSTEES, ANNUAL REPORT (CLuD[NG DIPECTORS, PEPORT) (Continued) FOR THE YEAR ENDED 31 MARCH 2025 Structure, Governance andMaAagéMent Governip7g Documenl The Ch'Ity is constituted &s a Company Limited by Guarantee incorporated on 13 April 2004 under the name of Whittington Park Coinmunity Association. It was registered as a charity with the Charity Commission on 4 May 2006. In the event of the company being wound up, all members present and 12 months past are required to contribute an amount not exceeding £1. Reciwilmenl andAppointmep71 of Triislees Trustee selection is by election. All new trustees are inducted to the board, each tt'usteeship carries a detailed job description and training is on offer. Chop'ities Organisalional SirucIre A Voluntary Management Committee, who is the IK)ard of trustees of the charity, manages the Charity. Honorary offIeers and representstives of full members are elected annually at the AGM, while representstives of the various projects are elected by the service usei"s and appointed at the AGM. The maThagernent committee meet5 monthly to set policies and agree the organisations strategic direction. Overall responsibility for the day-to-day running of the centre, staff and volunteers is devolved to the CEO. Divisional Co-ordinators are responsible for the management of individual projects and assist in the line management of divisional Staff in their team. Remuneratiopj of Key Managemeni Personnel The Trustees pay and iemuneration of key management personnel on an annual basis, which are based on salary pay scale nornis in London. Syslems and. Procedures lo klanage RiNk The Ex)ard of trustees receives a quarterly financial reporL a monthly CEO report and an annual risk register highlighting potential risk factors and recommendations to minimise adverse effect. The Wider Netwop'k ivitk which the Charity Works The association is Nvorking in partnership with the local authority, voluntary and other organisation5 to provide facilities of social welfare, recreation, education: and health improvement. The organisation's aim is to increase social inelusion and play a part in improving the wellbeing of the centre's users and the community.
WHITTINGTON PARK COMMifNITY ASSOCIA TION TRUSTEES, AKNUAL REPORT (fNCLUDfNG DIRECTORS. REPORT) {Continued) FOR THE YEAR ENDED 31 MARCH 2025 Reference andAdminislralive DetaiLs Charity regislration number.. 1114033 Company regisiraliopj mimber." 05099915 RegislÉredandprincipal office.. Yerbury Road London N194RS Direclors and Trmytees The Board of trnstees constitutes directors of the company for the purpose of company laiv and teeS for the pury)ose of tharity law. The trustees serving during the year and since the year-end were a5 follows.. C Shapiro J Purcell J Burge5S G Modood A Ruddock J Solanki G Chapman E Case (resigned 10 August 2025) (appointed 10 August 2025) Compapry secretary.. E Case Chiefexgcutive officer.. J Corrall Independenl Èxaminer." Barcant Beardon Limited Chartered Accountants 8 Blackstoek Mews Islington London N4 2BT Bop7keTS.' HSBC 312 Seven Sisters Road Finsbury Park London N4 2AW CAF Bank Kings Hill West Malling Kent ME19 4TA Triodos Bank Deanery Road Bristol BSI SAS
WHIThINGTON PARK COMMtfNITY ASSOCIATION TRUSTEES, ANNUAL REPORT (tNCLUDING DIRECTORS. REPORT) (Continued) FOR THE YEAR ENDED 3 1 MARCH 202) Statement ofthe Trustees, Responsibililies Th¢ trustees (who are also directors of Whittington Park Community Association for the purposes of company law) are responsible for preparing the Trustees, Annual ReF()rt and financial statements in accoi'dance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Pi'actice). Company law requires the trustees to prepar¢ financial ststements 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 resources. including the income and expenditur4 of the ch8fitable company for the that period. In preparing these financial staternents. the trustees are required to: Select suitable accounting policies and then apply them consistently. Observe the methods and principles in the Charities SORP 2019 (FRS 102). Make judgements and estirnates that are reasonable and prudent. State whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. and Prepare the financial ststements on the going concern basis unless it is inappropriats to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the flnaneial position of the charitable cornpany and to enable them to ensure that the financi 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 This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the CompaTLies Act 2006. On behalf of the board. Courtney 41 pir<i (Chair) Director and Trustee
INDEPENDENT EX4MINER'S REPORT TO THE TRUSTEES OF WHITTINGTON PARK COMMUNITY ASSOCIATION I report to the charity trustees on my examination of the accounts of the company for the year ended 31 March 2025, Ivhich #re set out on ptlges 9 to 20. RponSibl11t1es llnd bllS of reporl As the Ch¢ity ti'ustees DI the company (and also its director3 for the purposes of company laiv) you are responsible for the preparation of the accounts in accordance ivith ihe requirements of the Companics Act 2006 ("the 2006 Act")- Having satisfied myself that the accounts of the company are not required to be auditcd under Part 16 of the 2006 Act and are eligible foi. independent examination, I report tn respectof my examination of you company's account5 &8 carricd out undcr section 145 of the Charities Aci 2011 ("*he 201 l Act"). In carrying my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 201 l Act. Independenl eYumineT'S Stalepnent Since the eompany's gross income exceeded £250.000 your examiner must be a member of a body listed in section 145 of the 2011 ACL I confirni that l am qualified to undertake the examination because l am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed tK)dies. I have completed my examination. I confirni that no matter has come to my attention in connection with the exarnination giving me cause to believe that in any material respect: accouL]tin8 records were not kept in respect of the company as required by section 386 of the 2006 Aet- or the accounts do not accord with those records" or the accounts do not comply with the accounting requirements of seetion 396 of the 2006 Act other than any requirement thatthe accounts give a'triie and faii"view' which is not a matter considered as part of an independenl examination,. or the accounts h2ve not been prepared in accordance with the rnethods and principles of ihe Statement of Recommended Practice lor accounting and reportina by charities applicable to charities preparing their acwunts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ire5and (FRS 102)- I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enablc a proper understanding of the account5 to be reached. I q 2525 Shu Fen Chun8 FCCA ACA BARCANT BEARDON LIMITED CELartered Accountants 8 Blackstock Mews Islington London N4 2B T
WHlThtNGTON PARK COMMLfNITY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCLUDtNG tNCOME AND EXPENDITURE Accoumr) FOR YEAR ENDED 31 MARCH 2025 Notes Restricted Unrestricted Funds Funds Total Funds 2025 Total Funds 2024 Income and endowmentsfrom.. Donations and legacies Charitable activities Other trading activities Investments 121,795 18.500 16,779 100.529 15,395 4,965 l38,574 119,029 15,39) 4,965 263,350 129,148 33,993 4.301 Total income and endowments 140,295 13 7,668 277,96J 430,792 Erwxdilure on." Charitable activities 157,702 138,601 296,303 495,946 Total expenditure 157,702 138,601 296,303 495.946 Net income/(expenditure) for the year (17.407) {933) {18,340) {65,154) Transfei's between funds 18 Nel income/(expendithre) and net movement i fi£ndsfor ihe year {17.407) (933) (18,340) (65,154) Total funds brought forward 18 25,819 74,264 100,083 165,237 Total fjjnds carried forward 18 8,412 100,083 The ststement of financial activities includes ail gains and losses recognised during the year. All income and expenditure derive from Continuing activitie5.
WHlThtNGTON PARK COMMLfNITY ASSOCIATION BALANCE SHEET AS AT 31 MARCH 2025 Notes 2025 2024 FIxedell Tangible fixed assets 14 5.252 2,340 Curren£ assets Debtors Cash at bank and in hand 15 13,117 200,164 24,055 277,757 213.281 301,812 Credilors.. amounts falling due within one year 16 1136.79a) (204.069) Nel current aysels 76,491 97,743 Net assels 81,743 100,083 Funds Restricted funds Unrestricted funds Designated funds General ndS 18 8,412 25,819 18 18 18,968 18,968 55,296 Total fund5 81,743 100,083 For the year ended 3 1 March 2025 the company was entitled to exemption from audit under section 477 of the Companies ACÈ 2006 relatints to small Companies. Directors, responsibilities: The members have not required the cornpany to obtain an audit of its financial ststements for the year in question in accordance with scction 476. The direct013 acknowlcdgc their rcsponsibilities for complying with the requirernents of the Act with respect to accounting record5. and the preparation of financial statements. Thesc financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small cornpanies. Signed u the board of £ste68 eiidi'a Solanki (TIEasurerj Dij'ector and Trustee The notes on pages 12 - 20 form part of these financial statements. Company Registration No. 05099915 10
WHITTGToN PARK COMMUNtTY ASSOCIATION sTATEmEr OF CASH FLOWS AS AT 31 MARCH 2025 Notes 2025 2024 Cashflowfrom operaling aclivitie Net cash provided by operating activities 20.0 (77,944) 57,620 Cashflowfrom invesling activities Interest income Purchase of tangible fLxed assets 4,96) (4,614) 4,301 (3,118) 351 1,183 Nel increase in cash and cash equivalent& in ihe year (77,593) 58,803 Cash andcash équtvalents al the beginning of the year 277.757 218,954 Cash andcash equivalenis ai ihe epid ofthe year 200,164 277.757 Analysis of cash andcash equrvalenl Cash in bank and in hand 200.164 277.757 Cash andcash equivalents at the endof iheyear 20.1 200,164 277,757
WHITTINGTON PARK COMMtTNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 1.0 Accounting Policies The pi'incipal accounting policies adopted, judgements and key sources of estirnation uncertainty in the preparation of the financial statements are as follows.. l. J General ip7Joi'malion and basis ofpreparaiion Whittington P.k Community Association is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 pei. member of the eharity. The registered offlce is Yerbury Road, London N19 4RS. The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reportin8 by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with tlie Financial Reporting Stsndard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting St&Thdard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 2011, the Conipanies Act 2006 and UK Generally Accepted P17Ctice. The fin8Jicial statements are prepared on a goints concern basis under the historic cost convention. The fmancial statements are prepared in sterling, which is the Mnctional currency ot the Company. Monetary ainounts in these financial statements are rounded to the nearest £. Fund accounling UnrestriLted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Unrestricted fitnds are donations and other income received or generated for the objects of the charity without further speeified purpose and are available as general funds. Designated tunds are unrestricted funds earn]arked by Ihe trustees for particular purposes. Restricted funds are funds ivhich are to be used in accordance wilh 5pe¢ific restrictions imposed by donor5 or which havc bccii raised by thc chaiity for particular purposc3. 1.3 1p7come recognitiopi All incoming resources are included in the Stateinent of Financial Activities (SOFA) when the Ch'Ity is legally entitled to tlie income after any performance conditions have been met, the amount can be measured reliably, and it is piY)bable that the income will be received. For donations to be recognised the charity will have been notified of the Lmounts and the settlement date in writing. If there are conditions attached to the donation, and this requires a level of perfom)ance before entitlement can be obtained then income is deferred until those conditions are fully met or the fulfiliThent of those condition5 is within the control of the charity and it is probable that they will be fulfilled. No amount 15 included in the fancIal statements for volunteer time in line with SORP (FRS 102)- Further detail is given in the Trustees, Annual Report. Income from trading activities include5 income e.ned from trading activities to i?ise funds for the charit!. Income is received in exchange for supplying goods and services in order to i'aise funds and is recognised when entitlement has OCCUlTed. 12
WHlThtNGTON PARK COMMUNITY ASSOCIA TION NOTES TO THE FtNANCIAL STATEMENTS {Continued) FOR THE YEAR ENDED 31 MARCH 2025 Income from government and other grants are reco8nised at fair value when tlie charity has entitlement after any performance conditions have been met, it is probable that the incoine will be received, and the amount can be rnUred reliably. If entitlement is not met, then these amounts are deferred. Interes¢ income is recognised when receivable and the amount can be measured reliably by the charity. this 15 nonnally upon notification of the interest paid or payable by the Bank. J.4 E¥pendilure recognition All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to Ihii'd parties, it is probable that the settlenient will be required, and the amount of the obligation can be measured reliably. It is cateoorised undei. the following headings.. Costs of raising fund5 comprise the costs incurred on activities that raise funds. Expenditure on charitable activities compi'ises those costs incurred by the charity in the delivery of its activities and services. It includes both costs that can be allocthd directly to such activities and those costs of an indirect nature necessary to support them. Other expendire represents th08e items not falling into any other heading. Irrecoverable V.4T is charged as an expense against the activity for which expenditure arose. Siippoyl costs allocalion Support costs are those functions that assist the work of the charity but do not directly represent charitable activities and include premises overheads, offiee, fance and governance costs. They are incurred directly in support of e¥penditure on the objects of the charity. Where support costs cannot be directly attributed to particular headings they have been allocated to cost of raising funds and expenditure on charitable activities on a basis consistent with use of the resources.. 1. 6 Operaling Leas£s Rentals payable under operating leases are charged to the Statement of Financial Activitie5 on a straight-line basis over the period of the lease. 1. 7 Tangiblefixed assels Tangible fixed assets are capitalised at cost and depreciated over theii- estimated useful economic life, as follows: Fixtures, fLttings & equipment- straight line over 4 years J.8 Debiors Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid. 1.9 Credilorx andprovisiop? Ci'editors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated i'eliably. Creditors and provisions are normally recognised at theii. settlement amounL 13
WHITTINGTON PARK COMMtrNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 J. 10 Provisiop7S Provisions 'e recognised when the charity has an obligation at the balance sheet date as a result of a past evenL it is probable that an oufflow of economic benefits will be required in settlemcnt and the amount can be reliablv cstimated. l. I I Pensions The company operates a defincd contribution scheme for the benefit of its CTnployees. Contributions payable are charged in the Statement of Financial Activities in the year they are payable. J. 12 Employee benefils The cost of any unused holiday entitlement is recognised in th¢ year in which the employee's 5ervi¢es are received. 2.IJ CTitieulAccounting ESliMat and Judgements In the application of the charity's accounting policies, the trustees are required to make judgements. estimates and assumptions aiyjut the carrying amount of assets and liabiliLies that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other facts)r5 that are considered to be relevanl. A¢Lual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to aeeounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects b)th cwrent and future periods. 3.0 Incomefrom DonalioHs and Legttczd 2025 2024 CTifL8 Grants 13,329 125,245 6,840 256,510 138,574 263.350 Incorne Irom donation and legacies was £138,574 (2024 - £26J,350) of which £121.795 (2024 - £257,248) was attributable to rcstrictcd funds and £16.779 (2024 - £6,102) was attributable to unrestricted funds. 4.0 Incomefrom CharitableActivities 2025 2024 Income from hall hire (sessional) Income from rental Income from fees Perfomiance related giwjts 59,733 40,696 loo 18,500 39,996 7,545 67,847 119,029 129,148 Income from charitable activities was £119,029 {2024 £129,148) of which £18.500 (2024 £67,847) was attributable to I'e5ts'icted funds and £100,529 (2024 - £61.30 I) was attributable lo unrestricted funds. 14
WHirrINGTON PARK COMMUNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 5.0 INcomefroM Other TradingAetivide& Unrestricted Unrestricted funds funds 2025 2024 Income from hall hire (non-se55ionat) 6.0 Incomefrom Inves¢menls Unrestricted UnrestriLted funds fijnds 202) 2024 Bank intei-est (UK) 4,965 4,301 7.0 Analysis ofE¥peAditure on Charitllble Aclivilies Clwitable Activities 2025 Activities undertaken directly Support costs Governance osts Total Community Centre 71,767 219,736 4,800 296,J03 7. 1 Charitsble Activities 2024 Activities undertaken directly Support costs Governance costs Total Community Centre 298,273 192,873 4,800 495,941) Of the £296,303 expenditsre in 2024 (2024- £495,946), £157,702 (2024- £327,575) was attributable lo restricted funds and £138,60112024 - £168,371) was attributable to unrestricted funds. 8.0 Analy51s of Smpport and Governance Cosls Support costs GOveanCe costs Total 2025 Total 2024 Staff costs PIEmises Office running Bookkeeping Legal and professional Communications Inforniation Technology Finance Depreciation Accountancy 128,044 55,969 128,044 55,969 102,642 54.044 2,216 8,676 14.702 5,472 4,104 238 779 4.800 8.549 10,737 5,536 4,011 1,806 1,702 8,549 10,737 5,)36 4,011 1,806 1,702 4,800 4,800 219,736 4,800 224,5J6 197,673 15
WHITTINGTON PARK COMMUNITY ASSOCIA TION NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 9.0 Nei Incopne/(ExpendlÈure)for ihe Year 2025 2024 This is slaledafiep. chargip7g.' Indcpendent exatniner's fee Depreciation 4,800 1,702 4,800 779 10.0 Truslees Remuneration and Expenses The trustecs ivere not paid any remuneration or received any other benefits during the ycar (2024 - £nil). No trustee (2024- Two trltstees) received reimbursement of expenses totalling £nil (2024 - £430) during the year. No trustee or other person related to the charity had any personal interest in any Lontract or transaction entered into by the charitable company during the year (2024- nil). 11.0 Apmtysis ofslaff costs 2025 2024 Wages and salaries Social security costs Defined contribution pension costs 154,837 5,797 3,729 207,739 8,743 4,964 164.36J 17,534 221,446 10,317 Agency and freelance staff 181.897 231,763 JJ. l No employee received remuneration of more than £60,000 (2024 - none). 11.2 During the year the company paid £17,534 {2024- £10,317) to indq)endent third parties for the plvIsion of staff. JJ. 3 The trjtal amount of effiployee beneflts reeeived by key management persunnel is £47,922 (2024- £91,923). Tlie .company considers its key management personnel comprise its Chief executive officer and Senior oificers. 12.0 Staff Numbers The average monthly head count Wa8 10 staff (2024: 14 staffj and the average Inonthly number of full-time equivalent ernployees (including casual and part time stafo dur5ng the year was as follows.. 2025 Number 2024 Numbcr Chief executive officer Senior officers Administration staff Cleaning and maintenance staff Service delivery staff (coordinators) play workers, nursery nurse, catering staff, etc.) 16
WHITTINGTON PARK COMMifNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 13.0 TatIon Whittington Park Community Association is Considered to pass the tests set out in Paragraph I, Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tsx purposes. Accordingly, the charity is potentially exempt fi'om ttIOn in respect of income or capital gains received within categories covered by Chapter 3, Part I l of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income oi. gains are applied exclusively to chw'itsble purposes. 14.0 Tangible FiredAssets Fixtures. fittings & equipment Cosl At l April 2024 Additions during the year Disposals 25,)09 4,614 At 31 March 202) 30,123 Depreciation At l April 2024 Depreciation charge for the year 23,169 1,702 At 31 March 2025 24,871 Book Yalue At 31 March 2025 5,252 At l April 2024 2.340 15. IJ Debiors 2024 Trade debtors Gt2nts receivables and accrued income Prepayments Other debtors 7,783 675 4,637 22 469 20,692 2,652 242 13.117 24.055 17
WHITTINGTON PARK COMMUNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 It£0 Crtdltors.. Anwunts Falling Due Within One Year 2025 2024 Creditors Ttion and soeial security Other creditors Accruals Deferred income 83,030 2,325 40,477 7,910 3,048 2,958 1,636 190,608 8,867 lJ6.790 204,069 J6. J Included in other creditors 15 a pension liability of £758 (2024 - £1.450)- 17.0 Deferred Incopne Deferred income comprises of monies received in advance towards hall hii'e after March 2025. Total Amount deferred in the year 3,048 Balance as at 31 March 2025 18.0 Analysis of Charilable Funds UnYeslrictedFiinds- Curp'eni Year Balance l Apr 2024 Incoming Resources Outgoing Resources Transfers Balance JI Mar 2025 General funds Designated funds Halls returbishment 55,296 137.668 (138,601) 54,363 18,968 18,968 74,264 137,668 (138,601) 73,331 Unrestricledf+zinds- Previous Yeap- Balance l Apr 2023 Incoming Resources Outgoing Resources Transfers Balance 3 1 Mar 2024 General funds Designatcd funds Halls refurbishment 117,970 105,697 (168,371) 55.296 24,478 (5,510) 18,968 142,448 105,697 (168,371) (5,510) 74,264 Name of up7reslp'icledfEind Desci'ipiion, nalui'e undpurposes of£hefund General funds Designated funds The'free reserves" after allowing for any designated funds. Halls refurbishment- tOWELrds the iEfurbishment costs of the tivo halls. 18
WHirrtNGTON PARK COMMUNITY ASSOCIATION NOTES TO THE FFNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 3 1 MARCH 2025 18. J ResiricledFundf- Curreni Year Balance l Apr 2024 Incoming Resources Outgoing Resoui-ces Transfer5 Balance 31 Mar 2025 London Borough of Islington The National Lottery Community Fund Islington Giving A2Dominion 22.286 3.533 118.295 20.000 1,000 1,000 (132.169) (23,533) (1,000) (1,000) 8,412 25,819 140,295 1157,702) 8,412 Restricted Fiinds- Previoiis Year Balance l Apr 2023 Incoming Resources Outgoing Resources Transfers Balance 31 Mai. 2024 London Borough of Islington Building Fund Octopus Community Network The National Lottery Community Fund 19,256 167,640 150,738 6,717 (164,610) (156,248) {6,717) 22,286 5,510 3,533 22,789 325,095 (J27,575) 25,819 Name of reslyiciedfynd Descriprion, naliire andpurposes of ihefynd London Borough of Islington Toivards the following.. Strategic Neighbourhood Partners Gi7nts Programme, Childminder Group and generic stay and play, lunch club, Youth Club and other projects Fundraising for the building improvements renovations were undertaken during the financial year and Phase One was completed by the beginning of 2024 with the buildings officially opened in April 2024 Octopus Community Nettvork Towards the Stay Well, Live Well project The National Lottery Community Fund To enhance our Over 55's Social Club rncluding Lunch Club and activities For the Open Mic Night and Mindfulness dance sessions For provision of Black History Month for over 55's Social Club Building Fund Islington Givtng A2Dominion 18.2 The net transfer is £nil (2024 - £5,510 from designated funds to the restricted funds, Building Fund. repi'esents additional funding towards the project as was the purwjse of the designated fund). 19
WHirfiNGTON PARK COMMUNITY ASSOCIATION NOTES TO THE FtNANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31 MARCH 2025 19.0 AnalysLT of NetAysels Between Funds- Current Year Restricted Fund Unrestricted Fund Totsl Tangible fixed assets Cash at bank and in hand Other net current assetsl{liabilities) 690 4,562 200,164 {131:J9i) 5,252 200.164 (12J,673) 7,722 8,412 73,331 81,743 Anatysis oflVelAssets Belween Funds- Prevxous Year Restricted Fund Unrestricted Fund TotAI Tangible fixed assets Cash at bank and in hand Other net current assets/(liabilities) 1,035 1,305 277,757 (204.798) 2.340 277.757 (180.014) 24.784 25.819 74,264 100.083 20.0 Reconciliation ofjvel Income to Net Cush Flow From OperatingAclivitiey 2025 2024 Net income for the )'ear Adjustments for.. Interest income Depreciation charge (Increase)/decrease in debtors Increasel(decrease) in creditor (18,340) (65,154) {4,965) 1,702 10,938 (fi7.?.79) (4,301) 779 (15,179) 141,475 (77,944) 57,620 20. 1 Analysis of Changes in Net Debl At l April 2024 Cash-flow5 At J l March 2025 Cash at bank and in hand 277.757 (77.593) 200,164 21.0 Relaled Party Transoclions Aside from trustee remuneration and expenses disclosed in note 10. thei'e are no related party transactions during the year (2024- none). 20