2025-03-31-accounts

Registered Company Number 04237777 Registered Charity Number 1135137

CLAPHAM PARK PROJECT

TRUSTEES’ REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

E J Avari & Co Limited 178 Twyford Road Harrow, Middlesex London HA2 0SN

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

CONTENTS

CONTENTS
	Pages
Financial Results- Highlights	1
Officers andprofessional advisers	2
Trustees’ Report	3-7
Trustees’ responsibilities statement	8
Independent Examiner’s Report	9
Statement offinancial activities	10
Balance Sheet as at 31 March 2025	11
Notestotheaccounts	12-21

Page 1

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Financial Results- Highlights *

	2025	2024
	£	£
Incoming resources	203,106	195,474
Resources Expended	(452,336)	(451,977)
Net (adverse)movement in funds	(246,451)	(240,809)
Totalfunds	1,861,388	2,037,615

• Note: These highlights do not include changes to pension provisions.

Page 2

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2025.

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees		DMMorris - Chair
		GWedderburn - Vice chair
		JHRymer - Treasurer
		J Roberts
		L Allison
		A Morton
		T Lowndes
		TRees
		H Williams
Observer		Councillor IrfanMohammed
ChiefExecutive andCompany	CompanySecretary	MrA Johnson
Registered charity	Number	1135137
Company RegistrationNumber		04237777
Registered Office (as	of30/09/2025)	Unit 1-2
		Alexander Dumas House
		230-240 Brixton Hill
		London
		SW2 1HG
Bankers		National WestminsterBankPLC
		68 Baker Street
		London
		W1A2BA
IndependentExaminer		E JAvari&Co Ltd
		Association ofAccounting Technicians
		178 TwyfordRoad
		Harrow, Middlesex
		LondonHA2 0SN
Solicitors		Wedlake BellLLP
		71 Queen Victoria Street
		London
		EC4V4AY

Page 3

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

The Trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with financial statements of the Charity for the year ended 31 March 2025. These financial statements are prepared under the historical cost convention, in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (“the Charities SORP”) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS) applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January2019), Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

1. STRUCTURE, GOVERNANCE & MANAGEMENT

Governing document

The company was incorporated on 20 June 2001, is limited by guarantee and has no share capital. Each member is liable to contribute a sum not exceeding £1 in the event of the company being wound up. On 9 March 2010 Clapham Park Project was registered as a charity (charity registration No. 1135137). It is governed by its Memorandum and Articles of Association as amended by special resolution dated 22 March 2011.

Recruitment and appointment of trustees

The management of the company is the responsibility of the Trustees who are appointed or co-opted in accordance with the Articles of Association. Trustees serve for a period of two years and may be reappointed. Trustee vacancies are published across Clapham Park and surrounding neighbourhoods and applicants are considered by an appointment panel that makes a recommendation to appoint to the Board. Clapham Park Project will make use of third-party organisations to identify suitable applicants. When recruiting trustees, the appointment panel will be looking for individuals who can bring specific skills to the Board: for example, finance, fundraising, legal etc. The quorum for General Meetings is four company members.

Introduction and training of trustees

New Trustees undertake an induction programme with the organisation and are asked to attend a series of short training courses. The organisation will also run regular training workshops for the entire Board: for example, on legal and financial responsibilities and to review Clapham Park policies.

Organisation, structure and decision making

The Board of Trustees are responsible for the management of the company. They delegate the general management and administration of the company to the Chief Executive Officer who, with staff team, ensures that the company is run efficiently.

Management

At Clapham Park Project’s AGM, held on 5" December 2023, Diana Morris was re-appointed as Chair and John Rymer as Treasurer. They will serve for a period of two years. Gordon Wedderburn was appointed as Vice Chair for a period of two years.

Page 4

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

Risk management

The Board of Trustees has conducted a review of the major risks to which the charity is exposed. A risk register has been created and is reviewed and updated annually. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authorising orders and financial transactions. Procedures were in place to ensure compliance with health and safety of staff, volunteers, clients and visitors to our premises during the year.

2 OBECTIVES AND ACTIVITIES

Public benefit

The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to public benefit guidance published by the Commission in determining the activities undertaken by the Charity.

The Charity Commission in its “Charities and Public Benefit” guidance states that there are two key principles to be met in order to show that an organisation’s aims are for the public benefit: firstly, there must be an identifiable benefit and, secondly, that the benefit must be to the public or a section of the public. The trustees are satisfied that the aims and objectives of the charity, and the activities reported on below to achieve those aims, meet these principles.

Principal activity

The principal activity of the company in the year under review was delivering projects and activities that benefitted residents, and supporting local community groups in Lambeth, particularly in the Clapham Park neighbourhood.

Our vision

Our vision is a safe and welcoming place; a learning community which recognises and promotes its own skills and resources, and which can manage its own affairs with dignity. We have ensured, and will continue to ensure, that the community is at the heart of the process. We know this is only the beginning of the journey towards an inclusive and equitable community.

3 ACHIEVEMENTS AND PERFORMANCE

As the year began, CPP was fully functional, delivering a range of projects and activities across the Clapham Park neighbourhood.

Youth Work

• e CPP’s Bikes project continued its work in 2024-25 providing sessions for local young people and referrals from Lambeth Council’s Youth Offending Service. We also continued to provide sessions for the Harris Academy School which proved to be very popular. Towards the end of the year CPP, working with Metropolitan Thames Valley Housing (MTVH), moved the bikes project to a new, temporary site. This was to facilitate the next phase of the estate regeneration programme.

Page 5

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

Youth work (continued)

• e CPP, working with Knight’s Youth Centre and Oasis Play, developed a new consortium of Clapham-based youth organisations in the autumn of 2022. In total, the consortium consists of nine members who provide a wide range of activities for Lambeth residents. The consortium successfully bid for funding through Lambeth Council’s Youth and Play Service and secured funding for three years commencing in April 2023.

Supporting Local Organisations

• e CPP continued to provide significant support to the Clapham Park Neighbourhood Forum and its partner the Friends of Agnes Riley Gardens throughout the year. Our Community Partnerships Manager led on local consultations regarding the creation of a café in the park. Work was also undertaken to help the Friends to put on a very well attended Autumn Fair and a Meet Santa event.

• e Once again, working with MTVH, CPP helped to deliver a great Community Fun Day on 27" July 2024 which attracted some 400 local residents. During the year, CPP continued to support MTVH in delivering its warm hub and free meals through the provision of staff and volunteer support. CPP also helped MTVH organise a successful Winter Fair which took place in December 2024.

• e CPP continued to support the Clapham Park Over 50s group with their weekly coffee mornings, two seaside trips and a Christmas Meal. CPP also continued to provide free weekly Tai Chi classes and at the end of the year was successful in helping the Over 50s raise funds to support a weekly activities session.

• e CPP has longstanding good relations with the local police and it continues to support and help administer the Clapham Park Safer Neighbourhood Panel. This meets quarterly and brings together local organisations, residents and the police.

• e In March 2024, our Community Partnerships Manager, Ching Wah Wong, announced her intention to retire in September 2024. She has worked for CPP for 22 years and has been instrumental to all our achievements, both as an NDC and as a local charity. We would like to record our thanks and to wish her every happiness in the future. In October 2024, we appointed Angela Nelson to the post of Community Partnerships Manager and we look forward to her continuing and expanding our partnership working.

Page 6

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

Community Development

CPP continues to work to support and engage with local residents to understand their needs and to inform our service delivery.

CPP’s Community Chest small grants scheme proved to be very well subscribed with funding made available for ten local projects, all developed by local residents and supported by CPP’s Community Development Officer. Examples of these are Arts Workshops, Dance Classes, Youth Sports and a Women’s Self Defence course.

Finally, CPP continued to be an active member of the Lambeth Forum Network. We also produced our quarterly newsletter, Parklife, which is distributed to 7,000 homes across the Clapham Park neighbourhood.

Fundraising

Clapham Park Project is grateful for the funding it received in 2024-25 and would like to thank the following funders:

• Lambeth Council, Youth and Play for their continuing support of our Bikes Project.

• Lambeth Council, Youth and Play for their funding of a local consortium of youth providers who were able to deliver a range of projects during 2024-25.

• Lambeth Council, Lambeth Forum Network (LFN). This enabled CPP to continue to participate in the Forum Network during 2024-25 and continue to provide financial support to local neighbourhood organisations.

4 Financial Viability

Following the sale of CPP’s premises at 1-4 Brixton Hill Place in January 2022, CPP secured adequate income to continue its work well into the future. Thanks to our landlord, CPP remained at Brixton Hill Place throughout 2024-25.

5 Plans for the future

• In early 2024, the CPP Board held a further informal Board meeting to consider its way forward and how it could best meet its charitable objectives. This will see CPP recruiting more staff in 2025-26 with a view to increasing its impact and supporting more local residents.

• After much searching, CPP finally found new premises. They are located on Brixton Hill, still in the Clapham Park Ward. A lease was agreed at the end of November 2024 and since then the premises have been refurbished as offices. We will move to the new space in September 2025.

• Responding to the cost-of-living crisis. CPP like all community organisations, is feeling the impact of the rise in the cost of living, particularly in power and service costs. We are acutely aware of the impact this is having on local residents particularly those on benefits and low incomes. CPP is working with other local organisations to develop some initiatives to help those in the community who are struggling.

Page 7

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

FOR THE YEAR ENDED 31 MARCH 2025

TRUSTEES’ REPORT

6 Reserves Policy

It has been the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately 100% of anticipated unrestricted expenditure for the following year. This provides sufficient funds to cover twelve months management, administration and support costs. Trustees are confident that the situation can now be maintained for the year ending 31 March 2026.

7 Independent Examiner

EJ Avari & Co Limited, have expressed willingness to continue in office as an Independent Examiner and a resolution to reappoint them will be proposed at the forthcoming Annual General Meeting.

The Trustees’ annual report was approved for issue on 9" December 2025 and signed on their behalf by:

Prana wwnnnere

Trustee/ (Director): Diana Morris, Chair

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pesnesssahealaS We eee
Angus Johnson: Company Secretary
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Page 8

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL) FOR THE YEAR ENDED 31 MARCH 2025

Trustees’ responsibilities statement

The trustees (who are also directors of Clapham Park Project for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including FRS102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland.

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 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 Statement of recommended Practice (SORP);

*make judgements and estimates 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;

• *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 adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose, with reasonable accuracy, at any time, the financial position of the charitable company and enable the Trustees to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The Trustees confirm that:

• *so far as each Trustee is aware, there is no relevant information of which the charitable company’s Independent Examiner is unaware.

• *the Trustees have taken all the steps that they ought to have taken as Trustees in order to make themselves aware of any relevant information and to establish that the charitable company’s Independent Examiner is aware of that information.

The Trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website.

The Trustees confirm that in approving the Trustees’ report they are also confirming the Trustees’ report in their capacity as directors of the charitable company.

By order of the Board

D M Morris

Trustee Chair, Management Board 9'* December 2025.

Page 9

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CLAPHAM PARK PROJECT

I report to the charitable company’s trustees on my examination of the accounts of Clapham Park Project (“the company”) for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the balance sheet and the related notes 1 to 24.

RESPONSIBILITIES AND BASIS OF REPORT

As the charitable company’s trustees (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”). You are satisfied that your charitable company is not required by charity law to be audited and have chosen instead to have an independent examination.

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 the independent examination, I report in respect of my examination of your charitable 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 EXAMINER’S STATEMENT

Your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Accounting Technicians, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

2. 2 the accounts do not accord with those records; or

3. 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

4. 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 preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic

5. of Ireland and (FRS102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this respect in order to enable a proper understanding of the accounts to be reached.

c Pe

Edulji J Avari BCOM. MAAT For and on behalf of E J Avari & Co Limited The Association of Accounting Technicians (Licence No. 1004948) 178 Twyford Road, Harrow Middlesex HA2 0SN

te December 2025.

Dated: |

Page 10

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

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||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |STATEMENT|OF FINANCIAL|ACTIVITIES|(INCLUDING INCOME| |AND EXPENDITURE ACCOUNT)| |FOR THE|YEAR ENDED|31|MARCH|2025| |Notes|2025|2025|2025|2024| |Unrestricted|Restricted|Total|Total| |Funds|Funds|Funds|Funds| |Incoming|resources|£|£|£|£| |Incoming|resources|from|generated|funds:| |Activities|for|generating|funds|5a|6,240|-|6,240|9,253| |Voluntary|income|5a|5,000|-|5,000|5,000| |Incoming|resources|from|charitable| |Activities:| |Support|and|deliver|project|for|local| |Community| |Regeneration income|5b|-|116,755|116,755|107,804| |Investment|income:| |Bank|and|Other|Interest:|Gross|5c|75,111|:|75,111|73,417| |Total income|86,351|116,755|203,106|195,474| |Resources|Expended| |Costs|of generating|funds:| |Charitable|Activities|22/23|(333,870)|(111,075)|(444,945)|(447,775)| |Governance|cost|8|(7,391)|(|-)C|7,391)|(4,202)| |Total|expenditure|(341,261)|(111,075)|(452,336)|(451,977)| |Net|(outgoing)/incoming|resources|(254,910)|5,680|(249,230)|(256,503)| |Less:|Scottish|Voluntary|pension:| |Write back of Excess|provision| |of past|years|11|2,779|:|2,779|:| |Pension|gain|arising|in|the|year| |due|to|reduction|in pension| |deficit|contribution|-|-|-|15,694| |Net favourable|/|(adverse)|movement| |in|funds|for|the|year|including pension| |reserve|(252,131)|5,680|(246.451)|(240,809)| |Reconciliation|of funds:| |Total|Funds|balances|brought-|forward| |at|31|March|2024|as|previously|reported|2,003,952|33,663|2,037,615|2,278,424| |Prior year|adjustment-Correction|of| |Prior|year|21|70,224|-|70,224|-| |Net|favourable/(adverse)|movement|in| |funds|for the|year|(252,131)|5,680|(246,451)|(240,809)| |Total|Funds|carried-|forward|at| |31|March 2025|including|pension| |reserve|19|1,822,045|39,343|1,861,388|2,037,615| |All|items|dealt|with|in|the|Statement|of Financial|Activities|relate|to|continuing|activities.|There|are|no| |recognised|gains|or|losses|other than|those|passing through|the|Statement|of Financial|Activities.|

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The notes on pages 12 to 21 form part of these financial statements.

Page 11

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

BALANCE SHEET AS AT 31 MARCH 2025

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COMPANY NUMBER 04237777
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Notes 2025 2025 2024 2024
£ £ £ £
Current Assets
Trade debtors and prepayments 12 61,116 36,362
Cash and cash equivalents 13 1,838,596 2,037,673
Total current Assets 1,899,712 2,074,,035
Current Liabilities
within one year 10 = (_ 38,324) (33,641)
Net current Assets 1,861,388 2,040,394
Total Assets Less
Current Liabilities 1,861,388 2,040,394
CREDITORS: amounts falling due
after more than one year 11 ( -) (C 2,779)
Net Assets Including Pension Liability 1,861,388 2,037,615
Represented by:
THE FUNDS OF THE CHARITY
RESTRICTED FUNDS 39,343 33,663
UNRESTRICTED FUNDS:
General fund 322,045 303,952
Designated fund 1,500,000 1,700,000
19 1,861,388 2,037,615
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These financial statements which have been prepared in accordance with the special provisions applicable to companies subject to the small companies’ regime within Part 15 of the Companies Act 2006.

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees’ responsibilities:

• e The trustees have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.

• e The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.

• These financial statements of Clapham Park Project, registered charity number 1135137, registered number 04237777 were approved by the Board of Trustees (Directors) on 9" December 2025 and signed on behalf of the Board of Trustees (Directors).

Signed.. MaerLavnnr.—

Trustee: Diana Morris, Chair

The notes on pages 12 to 21 form part of these financial statements

Page 12

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1. General information and charitable status Clapham Park Project, a public benefit entity, is incorporated in England and Wales as a company limited by guarantee not having a share capital. There are currently nine Trustees who are also the members of the company. Each member has undertaken to contribute to the assets in the event of winding up a sum not exceeding £1. The charitable company is a registered charity. The registered office address is given on page 2.

2. Statement of Compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (“ the Charities SORP”) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard (FRS) applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), Charities SORP (FRS102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in Sterling, which is the functional currency of the entity.

The charity has taken advantage of the exemption in Financial Reporting Standard 102 Section7 from the requirements to produce a cash flow statement on the ground that it is a small charity.

1. Accounting policies

Preparation of financial statements-Going Concern basis

The company is in surplus position at 31 March 2025 and 31 March 2024. The trustees do not anticipate any significant changes to the business in the foreseeable future, at least twelve months from the date of signing the financial statements.

With policies and processes in place to manage operational and financial risks, the Trustees believe it appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements.

Critical accounting judgements and key sources of estimation incertainty

Preparation of the financial statements requires the Trustees to make significant judgements, estimates and assumptions about the carrying amount of assets asnd liabilities that are not factual.The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The item in the financial statements where these judgements and estimates have been made is under Note 24 relating to Scottish voluntary sector pension scheme. The estimates and underlying assumptions are reviewed on an ongoing basis. The trustees do not consider there are any critical judgements or sources of estimation uncertainty requiring disclosure.

Funds accounting

Funds held by Clapham Park Project are:

Unrestricted funds represent the funds of Clapham Park Project that are not subject to any restrictions regarding their use and are available for the general purpose of the charity. Funds designated by the Trustees for a particular purpose are also unrestricted.

Page 13

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025 Funds accounting (continued)

Restricted funds consist of monies received for specific purposes. The unspent balances of the funds may not be used for any other purposes unless the Trustees have received, from the donors, express permission to do so.

Designated funds are unrestricted funds where the Trustees have resolved to ‘put aside’ the Funds, which will be used where ever it is deemed to be necessary by the trustees.

Enrolled Pension Costs

The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the income and expenditure account in the year they are payable. The amount paid in this year’s accounts is £ 11,169 (2024: £10,993).

Recognition of income

All income is included in the statement of financial activities when the conditions for receipt have been met, receipt is probable and the amount can be quantified with reasonable accuracy against an invoice, contract or agreement.

Incoming resources from charitable activities includes

Activities for generating funds comprising:

• Fun Day contributions

• • Rental income - Voluntary income

• Management fees from Lambeth Forum Network Incoming resources from charitable activities:

• Regeneration income received from fund providers for specific projects are accounted for as restricted funds.

Cash and cash equivalents

• Cash and cash equivalents comprise cash in hand, on demand and short term deposits with a maturity of less than three months with banks and similar institutions, which are readily convertible to known amounts of cash and are subject to insignificant risk of change value. The items in the financial statements where these have been made include:

• Current bank interest is accounted for over the period in which it is earned.

• • Treasury Reserve deposit for a term of one year fixed- Interest receivable is credited to the revenue in the year in which it is accrued. All deposits will have interest paid gross. The

• current deposit interest rate (AER) of 3.89% (2024:4.53%) gross is fixed for a period of one year commencing from 21 November 2024. The total funds held on deposit at 31 March 2025 are £1,500,000.

Resources expended

Expenditure is recognised once 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.

• (i) Expenditure is recognised on an accrual basis as a liability is incurred and includes VAT, and has been classified under headings that aggregate all costs related to the category.

• (i) Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services.

• (i1) Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and includes independent examiner’s fees and costs linked to the strategic management of the charity.

Page 14

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

Accounting policies (continued)

Trade debtors

Trade debtors are stated at original value less provision for doubtful debts. Bad debts are written off when identified.

New Lease

CPP has acquired a new lease on 29 November 2024 of property units 1 and 2, Alexander Dumas House, 230-240 Brixton Hill, London SW2 1HG. The name of the landlord is Laxcon Developments Limited. The current rent is £16,500 pa. The present lease of property will expire on 15 April 2028.

All legal work, including land registry, rent deposits collection and Local Authority Search was catried out by Wedlake Bell the charity’s solicitors.

Refurbishment of New offices

The refurbishment work at the new offices was carried out by Martin Masters Ltd. The amount spent up to 31 March 2025 was £33,807. This amount is shown within Note 22 page 19, under ‘analysis and allocation of support costs of unrestricted funds’ under the heading of repairs and maintenance.

4 Staff costs, remuneration of key management personnel and trustees’ remuneration

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||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Employment|costs| |Staff costs|during|the|year were|as|follows:| |Wages|and|salaries|197,396|153,705| |Employer’s|social|security|costs|17,361|15,224| |Employer’s|pension|costs|4,793|4,712| |Staff costs|charged|to|Statement|of Financial|Affairs|during| |the|year|219,550|173,641| |Employee|numbers| |The|average number|of employees|employed by Clapham|Park|Project| |throught|out|the|year was|as|follows:| |No.|No.| |Management|staff|1|1| |Operating|staff|i|6| |There|are|no|employees|whose|annual|remuneration was|£60,000|or more.|(2024:10.|£NIL).|7| |The|trustees|and|the|Chief Executive|Officer|are|deemed|to|be|the key management|personnel.| |Redundancy payments|of £5,373|(2024:£Nil)|were|accrued|during|the|year.|

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Trustees’ Remuneration

Only one trustee received remuneration during the year. Their gross salary is shown under Note 9-Board expenses (2024:£NIL)

None of the other trustees received any remuneration or reclaimed any other expenses during the reporting period. (2024: £NIL).

Page 15

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

5	INCOMINGRESOURCES
		Unrestricted		Restricted	Total Funds	Total Funds
					2025	2024
			£	£	£	£
(a)	Activities for generating funds
	Rental income		480	-	480	2,826
	FunDay contributions		4,760	-	4,760	5,427
	CPP-NeighbourhoodForum		1,000	-	1,000	1,000
			6,240	:	6,240	9,253
	Voluntary income-employment
	Allowance		5,000	_-	5,000	5,000
		11,240		.	11,240	14,253
(b)	Incoming resources from
	charitable activities
	Support and deliver specific project
	for local community
	Regeneration income		-	116,755	116,755	107.804
(c)	Investment Income
	Interest received	54,226			54,226	45,853
	Interest receivable	20,885		.	20,885	27.564
		75,111		-	75,111	73,417
	Total incoming resources	86,351		116,755	203,106	195,474
6	Banks interest income
					2025	2024
					£	£
	Interest received received during the		year		54,226	45,853
	Interest receivable during theyear				20,885	27,564
	Total				75,111	73,417
					2025	2024
					£	3
7	Deficit ofexpenditure over income for the year
	This is stated after charging the following:
	- Independentexaminer’s fees				2.700	2,500
8	Governance costs
	Independent examiner’s fees				2,700	2,500
	Board expenses				4,691	1,702
	Total				7.391	4,202
9	Board expenses
	Trustees’ expenses formeetings				2,191	1,702
	Director remuneration				2,500	:
	Total				4.691	1,702

Page 16

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

10 Creditors: amounts falling due within one year

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |2025|2024| |£|£| |Trade|creditors|14,038|1,137| |Other|creditors|60|.| |Bank|overdraft|-|7,751| |Accrual|24,226|24,753| |Total|38,324|33,641| |11|Creditors:|amounts|falling|due|after one|year| |£|£| |Scottish|Voluntary|Sector|Pension|Scheme| |TPR Retirement|Solutions-|The|previous|amount|is|written back| |as|the provision|for the year under review|is|£NIL|(2024:£2,779)|-|2,779| |12|Debtors:|amounts|falling|due|within|one year| |2025|2024| |£|£| |Trade|debtors|16,865|4,812| |Prepayments-|Rent paid|for the months|of April|25|to|June|25|5,110|-| |Other|Debtors:| |Interest|due|on|deposits|with Nat West maturable|on|21.11.25|20,884|27,564| |Rent|deposit|for units1/2,|of Alexander Dumas|House|18,257|-| |Inland|Revenue|-|3,986| |Total|61.116|36,362| |13|Cash|and|cash|equivalents| |2025|2024| |£|£| |Cash|at bank|and|in hand|338,596|337,673| |Treasury|Reserve|Deposit|1,500,000|1,700,000| |Total|1,838,596|2,037,673|

----- End of picture text -----

14 Taxation

Clapham Park Project is a registered Charity No.1135137 with the benefit of exemption from taxation granted to the Corporation Tax Act 2010. On the basis that the charitable company’s activities fall within their charitable purposes and their funds are applied only for these purposes, no provision for corporation tax or capital gains tax is made. This includes use of funds for the general administrative purposes of the charity.

15 Capital commitments

The charity had no commitments for capital expenditure at 31 March 2025 and the trustees did not authorise any expenditure for capital commitments at that date (2024: £ NIL).

16 Related Parties

There are no transactions with related parties which require to be disclosed in the accounts.

Page 17

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

17 Events after the end of the reporting period

There have been no material events since the end of the reporting period.

18 Operating lease commitments:

The minimum leased payments under operating leases are:

Operating lease commitments: The minimumminimum leased paymentspayments under operatingoperating leases are:
See Note3- New Lease	2025	2024
	£	£
Within one year	16,500	-
Withintwo years to three years two weeks	33,634	-
	50,134	_-

19 Analysis of Net Assets between funds

Fund balances are represented by:

Fund balances are represented by:
				2025	2024
	Unrestricted	Designated	Restricted	Total	Total
	£	£	£	£	£
Current Assets	360,369	1,500,000	39,343	1,899,712	2,074,035
Creditors: amounts fallingdue
within one year	(38,324)	-	-	(38,324)	(33,641)
aftermore than oneyear	-	-	-	-	(2,779)
NetAssetsasat31March2025	322,045	1,500,000	39,343	1,861,388	2,037,615

20 Statement of movements on reserves

Statement of movementsmovements on reserves
	2025	2024
	£	£
Balance at 1 April2024	2,037,615	2,278,424
Net (outgoing)/incomingresources	(249,230)	(256,503)
Prioryear adjustment- Correction ofprioryear	70,224	-
TPR Retirement Solutions- Theprevious amount is writtenback
as theprovision fortheyearunderreview is£NIL	2,779	-
Pension gain arising in the yeardue to
pension deficit contribution	.	15,694
Balancecarried-forwardat31March2025	1,861,388	2,037,615

Page 18

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

21 Prior year adjustment

	2025	2024
	Total	Total
	3	£
Retained profits atbeginning ofyear	2,037,615	2,278,424
Prior year adjustment (see notebelow)	70,224	-
Restated	2,107,839	2,278,424
Net unfavourablemovement in funds fortheyear	(246.451)	(240.809)
Total funds carried- forward at end ofyear
includingpensionreserve	1,861,388	2,037,615

Note:

The Accounts have been restated to incorporate the impact of additional budget allowance of £70,224 now credited to reserves.

22 Movement in Funds Details of funds held and movements during the current reporting period.

RESTRICTED FUNDS

Grants which are received for specific projects are accounted for as restricted funds.

		At	Incoming	Outgoing	At
		1 April 2024	Resources	Resources	31 March2025
		£	£	£	£
1	Over 50s	472	3,791	1,866	2,397
2	MTVH	(1,271)	1,110	2,003	(2,164)
3.	CPP BikeProject-EIPS *	27,680	48,607	43,919	32,368
4	_LFN Grants	82	54,000	54,687	(605)
5	Agnes Riley Gardens *	2,700	247	2,700	247
6	Oasis children SV/KYC	4,000	4,000	4,000	4,000
7	Clapham ParkManagement	fees	5,000	1,900	3,100
		33,663	116,755.	111,075	39,343

Note: The amount of £42,081 shown under ‘Memo restricted’ note 22, is allocated for salaries & pension costs incurred by CPP Bikes project - EIPS £39,381 and Agnes Riley Gardens £2,700 respectively. The figures as at 31‘' March 2025 for these two projects should be interpreted accordingly.

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CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

23 UNRESTRICTED FUNDS:

The purpose of the fund is to support and deliver projects for the local community.

Analysis and allocation of support costs

Support costs represent indirect charitable expenditure.In order to carry out the primary purpose of the charity it is necessary to provide support in the form of personnel development, finance procedures, provision of office service and equipment and a suitable work environment. Included within the charitable activities are the support costs of unrestricted funds of £323,383 2024: £ 288,889).

		Memo
	Unrestricted	Restricted	Total	Total
	2025	2025	2025	2024
	£	£	£	£
Office and general running costs	43,426		43,426	29,369
Salaries andpension costs	177,469	42,081	219,550	173,641
Telephone& fax	7,218		7,218	6,686
Mobile	949		949	723
IT support services	5,627		5,627	6,025
Software subscriptions	1,396		1,396	997
Dues and subscriptions	1,420		1,420	784
Photocopying usage	2,543		2,543	2,777
Printingpostage and stationery	1,325		1,325	2,066
Cleaning	6,780		6,780	7,819
Insurance	7,109		7,109	6,536
Marketing/ publicity	2,736		2,736	3,776
Miscellaneous expenses	-		.	89
Travel, subsistence and hospitality	359		359	281
Bank service charges	462		462	593
Bad Debts	4,290		4,290	-
Training and development	818		818	520
Staffwelfare	704		704	-
Legal and consultancy fees	17,992		17,992	-
Payroll costs	660		660	360
Agency fees	475		475	-
Repairs andmaintenance	33,807		33,807	2,754
Premises security	2,342		2,342	4,184
Conference attendance and training	-		-	636
Fundraising costs	3,476		3,476	2,400
Other central costs	-		-	35,873
Total support costs	323,383	42,081	365,464	288,889
Charitable activities: Community Chest	5,750	-	5,750	4,000
FunDay	4.737	:	4,737	6,506
Totalcharitableactivities	333,870	42,081	375,951	299,395

Page 20

CLAPHAM PARK PROJECT

(COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

24 PENSION SCHEME-Scottish Voluntary Sector Pension Scheme

Clapham Park Project participates in the Scottish Voluntary Sector Pension Scheme (the Scheme). The Scheme is a multi-employer defined benefit (DB) pension Scheme. The Scheme closed to future entry on 31 March 2010. There is currently no intention to wind-up the Scottish Voluntary Sector Pension Scheme and it continues in paid-up form.

The Trustees of the Scheme commission an actuarial valuation of the Scheme every three years. The main purpose of the valuation is to determine the financial position of the Scheme in order to determine the level of future contributions required so that the Scheme can meet its pension obligations as they fall due.

The actuarial valuation assesses whether the Scheme’s assets at the valuation date are likely to be sufficient to pay the pension benefits accrued by members as at the valuation date. Asset values are calculated by reference to market values. Accrued pension benefit are valued by discounting expected future benefits payments using a discount rate calculated by reference to the expected future investment returns. The rules of the Plan give the Trustees the power to require employers to additional pay contributions in order to ensure that the statutory funding objective under the Pensions Act 2004 is met. The statutory funding objective is that a pension scheme should have sufficient assets to meet its past service liabilities, known as technical provisions.

If the actuarial valuation reveals a deficit, the Trustees will agree a recovery plan to eliminate the deficit over a specified period of time either by way of additional contributions from employers, investment returns or a combination of these.

It is not possible in the normal course of events to identify on a consistent and reasonable basis the share of underlying assets and liabilities belonging to individual participating employers. This is because the scheme is a multi-employer scheme where the scheme assets are co-mingled for investment purposes and benefits are paid from total scheme assets. Accordingly, due to the nature of the Scheme, the accounting charge for the period under FRS 17 represents the employer contribution payable.

Following a change in legislation in September 2005 there is a potential debt on the employer that could be levied by the Trustees of the scheme. The debt is due in the event of the employer becoming insolvent or ceasing to participate in the Scheme, or the Scheme winding up. The debt of the scheme as a whole is calculated by comparing the liabilities for the Scheme (calculated on a buyout basis ie the Scheme Actuary’s estimate of the cost of securing benefits by purchasing annuity policies from an insurer, plus an allowance for expenses) with the assets of the Scheme. If the liabilities exceed assets there is a buy-out debt.

The leaving employer’s share of the buy-out debt is the proportion of the Scheme’s liability to employment with the leaving employer compared to the total amount of the Scheme’s liabilities. Therefore, the leaving employer’s debt includes a share of any ‘Orphan’ liabilities in respect of previously participating employers. ‘Orphan’ liabilities are the deferred and pension liabilities of members previously employed by employers that have ceased to participate in the Scheme.

Page 21

,

CLAPHAM PARK PROJECT (COMPANY LIMITED BY GUARANTEE AND NOT HAVING SHARE CAPITAL)

NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 MARCH 2025

PENSION SCHEME-Scottish Voluntary Sector Pension Scheme (continued)

The amount of the debt therefore depends on many factors including total Scheme liabilities. Scheme investment performance, the liabilities in respect of current and former employees of the employer, the level of ‘orphan’ liabilities, financial conditions at the time of the employer’s withdrawal of the scheme and the insurers buy-out market. The amount of debt can therefore be volatile over time.

Where the scheme is in deficit and where the charity and company has agreed to a deficit funding arrangement the charity recognised a liability for this obligation. The amount recognised is the net present value of the deficit reduction contributions payable under the agreement that relates to the deficit.

The present value is calculated using the discount rate of 4.98% as at 31 March 2025: (2024:4.90% p.a.).The charity has recognised a liability of £NIL as at 31 March 2025 (2024: £2,779) as the present value of the contributions payable that arise from the deficit recovery agreement. These projected figures are derived from Scottish Voluntary Sector Pension Scheme ‘on-line-tool’.

Mr Angus Johnson is currently on the board of ‘the Employer Consultative Group’ which scrutinises the decisions made in connection with this pension scheme.