REG￿ERED COMPANY NUMBER: 09276749 {Engl*Dd aDd W4les)
REGISTERED CHARITY NUMBER: 1161812
REPORT OF THE TRUSTEES AI¥D
FINANCIAL sfATEMENfs FOR ThE YEAR ENDED 31 DECEMBER 2024
FOR
sroNEGROVE COMMUNrrY TRUST
(A COMPANY LIMrrED BY GUARANTEE)
Prestons & Jacksons Partnership LLP
364- 368 Cranbrook Road
Ilford
IG2 6HY

STONEGROVF COMMUNrrY TRUST
co￿ENTs OF THE FTNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Plie
Referett¢e illd Admlnistrative Det•1
DA Note fn)m our Ch*irm*
Report ofthe Trnitees
Itsdtpettdent ExAmlDer'• Report
Statement of FiD*mclal Adlvllks
B*laD¢e Sheet
10 to 11
No¢es to th¢ FID•n¢hl Statemellts
12 to 20
D¢t*iled Si*tement of Fl•*D¢lal A¢dvltl
21 to 22

STONEGROVE cOMMU￿y TRUST
REFERENCE AND ADMINISTRATTVE DETATLS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees, who are also Dir¢¢tors under ¢ompony law. whD served during the year ofthcse accounts and up to
th¢ dats of this r¢port were &8 follows..
Graeme Davidson- Chair
Burhan Barlas - TT¢asiir¢r
Gilad Y¢huda Limor
Rev. Simon Rea
Deen& Monica Kusi
Lucy Wak¢ley
Dipika T4nna- {resign¢d 18ih November 2025)
Luke Levine
Jeremy Daudin- (resigned 17th November 2025)
Leena Malde {appointed Isl April 2025)
Justyna Bedowska (aprx)inled 1st April 2025)
Olulomiwa Ok¢ (appointed 20th June 2023, resigned 6th Febnwy 2Q25)
Shadeen Lawrence (appointed 9th July 2023. resigned 21st Febnwy 2024)
Company Se¢ret*ry *Dd Cblef Exttllifve Offker
Gus Alston
REGISTERED OFFICE
One￿Oney0Ve
S HAylin8 Way
Edgware
HA8 8BN
REGltiTERED COMPANY
NUMBER
09276749 (England and Wales)
REGISTERED CHARrrY
NUMBER
1161812
INDKPENDENT F,XAMtNER Pre￿on5 & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
IG2 6HY
c(￿Perative b8nk p.l.c.
P.O.Box 101
l Balloon Street
Mancbesier
M60 4EP
Page I

STONEGROVE COMMUNTTY TRUST
OA NOTE FROM OUR CHAIILMAN
FOR THE YEAR ENDED 31 DECEMBER 2024
When I look back on 2024, the word ihal keeps coming to mind is "Tesilience..
Lets be frank: this was a tough year. Th¢ fundraising climate w&$ challenging for everyone. and we were no
exception. At the same time. the cost-of-living crisi5 Wlltinued to put immense pressure ol) the very
community wcY¢ here to serye. It would have been easy to just ty and keep our heads above water.
Bul our l¢am didnl just cope" thcy #dapted, innovated and deliver¢d. incredibly proud of what we've
a¢hi¢v¢d.
Two things stand out for me. First. we future%Jrwfed our building by installing the largest clwity-owned
solar panel array in LoThlon. This is a genuine gamewchangeT, sl&%hing our rnnning costs and underlining our
commitment io sustsinability. Ifs a m&85ive. tsngible wiffj and our CEO rightly won an award fol making il
happen.
Second. we got even smarter with our biggest &sset'. the OneSione8rove c¢ntre. We've worked hard io grow
our earned income-renting out offices. the nursery, atMI our community spaces. This joumey towards a 500A
eamed-income model is vital. IVS nor about becoming commercial; its aboui building a stable foundation so
w¢ can keep delivering our ¢haritable worL year in and year oul regardless of the whims of grani funding.
Of course, the mission is what ifs a]1 about. I was $0 impressed by the team¥ ¢Teative thinking to PTole¢t our
older p¢ople's activities. By adapting the model. using our brilliant volunteers and multi-talentrd smff, w¢
made the program more sustainable and kept the community connection srron&
We're not i￿oring ihe challenges. Risin8 costs porti¢ularly for staffin& are a ￿nstant pressure. And w¢ felt
the gap left by the mandatory break in our main youth club fundin& though we￿e already working hard on
the application to bring it back in 2025.
The realiiy is that many in our community are siill struggling. The foodbank at our centre is busier than ever,
and our team is often the first port of call for people in crisis. This is ihe difficult balancing act of
community Work: meeting urgent. immediale need while also butlding the long-lemi, positive chang¢
everyone deserves.
We enter 2025 ¢lear<yed about the pressures. but ￿nfIdent in our model. We have a fantastic team. a
building th&t's working harder for than ever before. and a ¢lear plan. Thank you to all our staff. volunt¢ers,
funders, and partners who continue to believe I￿ and invest it4 stone￿0Ve.
Graeme D*vldJoD
Chalr of Trustees
Page 2

STONEGROVE COMMUNfTY TRUST
REPORT OF ThE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
The tsuMees who are also directors of the charity for the puryw of the Companies Act 2006. PTesent their
report wilh the financial statements of the charity for the year ended 31 December 2024. The trustees have
adopi¢d th¢ provision5 Qf Accounting Rewrting by Charities.. Statement of R¢¢omm¢nded Pra¢tic¢
applicable to charilies preparing their accounts in accoTdance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019).
ObJecllveJ *Dd Actlvltles
The Company's objects are Specifi￿)Y restricted to the followin&
To further or bexefii the ￿Sidents of the Area of BenefiL withoth distinction of se& sexual orienla¢ion. race.
or of politic￿, religious or oiher opinions by &550ciaiing togeiher the sayd residents and the local auihorilies,
volunlory al￿ other organisauons in a common eftort io advanc¢ edu¢ation ond to provide l#ciliti¢s in the
interests of SlKial welfare for recreation and leisure time 0￿uPation with the objeciive of improvinfjs the
conditions of Itfe for the residents.
In further8￿¢ of the$c objects but nol oih¢nvis¢. the Directors shall have the power to establish or secure the
establishment of a community centre and io maintain or m8na8e or COvopera* with any statutory authority in
the maintenance and management of such a centre for acliviiies promoted by ihe Company in furtherance of
the above Objects.
Publ1¢ Benefit
The tNstees confinned thai they have had Tegard lo the Charity commissio￿ guide on public benefil.
Page 3

STONEGROVE COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR EYDED 31 DECEMBER 2024
ACHIEVEMENTS AND PERFORMANCE
2024: A Yur of Resiliellce lDDovation
2024 w&s a year that tested resilience. We faced significant fundraising chailenges ￿Lch required us to
adapt and. in some ar￿￿. redu¢e our activities.
However, this report highlights a story of proactive adaptation and strat¢gi¢ success. We are immensely
proud of how we not onty weathered these challenges also made significant strides in our long-terni
fina￿181 and environmenlal sustainability. The wntinued growth of the Onestonegrove centre as a thriving
community hub is a leslament to the hard work ofouT team and ihc strenuh of our community.
A Landmark ID Environmeo¢•l & Fix•nel#l Sllst*ln*blllty
A landmark achievement for 2024 the completion of our solar panel insrollation. In the autumn. we
switched on the largest charity-owned solar panel arrny in London. This project has had an immediate and
incredible impacL dramatically reducing our ener&v costs and our ¢atbon foolprinL
This fl8&8hip project led to our CEO receiving the l￿dOn ECO Community Champion Aw8TIL bringing
welcome recognilion to the Trust.
()Jr oiher green initiatives aiso continued to flourish. The communiry garden and orchard have becom¢
beautiful. well-wd spaces, engaging moTe local residents than ev¢r and fostering a real Se￿$t of pride in ihe
estate. Our popular recycling poinls, which we nm at nil cost. continue to serve the Community-with ow
prinler cartridge rwclin8 even genernting a small income.
BulMln8 Our Fln*D¢lal R¢•ilieDce: Earmed IDeom¢
With the financial landscape lightenin& we iniemifi¢d our roc￿$ on boosting earned income. Our primary
en8ine for this is the smart monagernent of the OneStone8rove centye.
We now work wilh seven different referral partners. bringing in a diverse range of bookings from groups and
individuals who might noi have found us othetivise. We successfully leased our two offices throughoui Ihe
period and. in 2024. renewed the lease for the on-site nursery. securing a key partn¢r. Our long-tenn goal is
lo have our operations fimded by approximately 50% earned income, and we are n￿kIng excellent prowgs.
Beyond the Centre. our CEO and Operations Manager compleknl smail-scale consultancy projects for Bamet
Council and another charity. This work not. only cre81ed significant social value but al$0 Benerated
unrestricted income to be rcinvested directly back into our core mission.
This progress is essenii81 ￿ we face a difficult financial climate. Costs continue to Efow Tapidly. The 2025
London Living Wage increase. for exomple. will contribute to a 23.65Y• rise over ju$1 three years. This.
ombined with higher National Insurance. means our ￿lffiftg ¢osts are in¢re8sing far more quickly than we
¢an increase our prices.
Our Core Mission: Adapting and Thriving
Older People
We are particularly proud of how we protethed our vitsl older people's club. We adapted the mod¢l to make
it more sustainable. running il through a combination of incr¢4sed Volunteer support and the dedicated time
of our committed Duty Managers. This had a FX)werful double benefit: it secured ihe future of the activities
by d¢cr¢asing costs, and it provided meaningful. ¢ngaging work for ow Duty Managers. boosting job
satisfxtion and produ¢tivity. Even ￿ we attract new funding to thi5 work. w¢ Are retaining the core strengths
of this successful new model.
Cbildren, Young People & F*milies
Our partner-led early years activities c4)ntinued to thrive. with demand growing throughout the year.
Page 4

STONEGROVE COMMUNITY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 DECEMBER 2024
We experienced a setback when our main youth club ended in late 2024 due to a mandatory gap required by
the funder. This has left a Signifi￿lt gap in lo￿] provision. We are now preparing lo submit a new
application for a full relaunch of this crucia] project in 2025.
Our CommuDIty: Str¢ngih •Dd Struggle
It is incredible to rea]ise that the Onestonegrove centre only i)pened in 2016. In our short hI￿ory, we have
moved through many phases.. from initial setup and growth. through the COV[[￿19 pandemit, and now into
a persistent cost•of-IiviDg crisis.
For many in our cornmunity, life has not improved. We may talk about the crisis less, bth lower infl&lion
doesn't mean prices are fallingaonly that they are rising less quickly. For residents on f￿ed incomes or
benefits. their purch￿]ng power has been r&lica]ly reduced.
The number of people coming to U5 in acute crisis is *$ hi￿ Is ii Iw ever been. The foodbank run by St
Petels ¢hur¢h at our ¢enlr¢ is a lifeline for many, with a core group of residents dependent on it every week.
This places a heavy burden on our staff team as they strive to meet this ovenvhelming need.
lkn desire is always to focus on the strengths within our community and to be part of creatin8 Systemic.
positive change. However. we must first address the immediate, critical needs our community members face.
Our slrategy moving forward is to do l)oth. We will continue to grow OUT e8rned income to build a resilient
b&se, while seeking the support of funders who share our vision. This twin-lrack approa¢h is the only way we
can continue to meet the crisis needs of today while building the stronger. more Tesilient cornrnunity of
tomorrow.
GovernD)ent Fllndlni
Under charity accounting rules. we disclose all nati(￿1 or I￿)] government funding received during thc
financial year. In 2024. we received the following..
- £22,018 from the GLA'S London Community Energy Fund.
- £2300 from Barnd Council.
WSth GrAtltllde to Our FuDders & Partllers
We are deeply graieful io ihe many funders and paitlers who supported our work in 2024, either direclly or
by working with us to siipport the local Community".
- The National Lottery Conununity Fund
- John Lyons Charity
- Garfield Weston
- Barn￿ Council
- City Bridge Trust
- Young Barnet Foundation
- Jack Pei¢hey Foundation
- Our Yard at Clitterhou5e Fami
- Community Organisers
Inclusion Barnel
- Barn¢l Together
- Volunteering Barnet
St Pete￿S Church
- Barnet Food Hub
- Little Leaders Nursery
- FUSE Youth Project
First Port
Pag¢ 5

STONEGROVE COMMUNrrY TRUST
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 3] DECEMBER 2024
- Barnet Homes
- Bam¢t Walking Football Tea
- Peabody
- Ston¢grov¢ Estates Youth Project
- B￿net Coun¢il Early Help Hub I￿19
- Mother lo Moth¢r
Saracens Foundation
- Narcotics Anonymous
..and many morel
FtNANCIAL REVIEW
Reserves Policy
The latest r¢s¢rves policy was agreed October 2022 as follow5.
SCT requircs reserve fund5. $0 as we can cope with wiforesttn events. contin8en¢ie& aThJ opportunities. Our
)Iicy is to have free reserves thai are equal to between three and fiv¢ months, revenue expenditure. Based
on ¢urr¢ni 2024 financial forec&st ihis would mean holding berween £IIK).1100 & £170.IMKI of free
reseTves.We h8ve estimated this on 2024 expenditure. minw8 the costs of the solar panel projeci. Our ¢urren¢
free r¢s¢rves ai the end of 2024 are £48,489. We are currently working io a model wh¢r¢ w¢ &qn genernie a
surplu5 Without chariiable in¢om¢. This cautious approa¢h prioritis¢s increasing reserves steadily again over
the nex¢ 3-5 years..
STRUCTURE, GOVERNANCE AND MAI¥AGEMENT
GovernlDg do¢ument
The charity is controlled by its governing documenL the Memorandum and Articles of As50¢i41ion and
conslitules a limited wmpanyy limited by guarantee. as defined by the Companies A¢t 2006.
The charity h&ry at this time eleven Trustees.
There is also a Finance subwup. who meet in advance of each thjsiee m¢¢tin8 where required, io consider
budgets, management ￿Cou1)ts other material financial DWter4 and to advise the wider trustee board.
All Trustees except Stakehold¢r appointed TTus*e& on¢¢ eleaed 5eFve a thr￿year terni. After this th¢y can
stand for one further three-year terni. and th¢n in exceptio7￿] CIr￿M￿St9￿C￿ gTrJ with full board approva] for
third and final ihree-year terni.
After much work in recent years our trustee board now h&s good diver8iry across more arw. W¢ have
however had quite fasi iurnover of Residenl t￿￿tee$ dues to people moving home, and at the point of moving
no longer being eligible for continue &s a Resident trustee. As we write thi5 we w¢ embarking on another
round of trustee recruilmenL within which we will rAirLsid¢r the diversily of our applicants. alonsside of
ours¢ their skills and expeTience.
All Trustees give their time voluntsrily and Teceive no benefits from the ¢harity. Any expense5 reclaimed
from the charity are set out in note 6 ￿ the acwunts.
The CEO Gus Alston (appointed December 2018) continues in his role. Day to day responsibility foT finance
and administration. volunteer and staff managemenL sile and s¢rvice provision, capital and revenue grant
applicotion5 and attendant ￿Mpliance and monitoring arrangements aff delegated to the CEO.
Page 6

sroNEGROVE commu￿ TRUST
REPORT OF THE TRUSTEES
Recruitment *nd appoin¢m¢nt of Aeiv trustees
Our TrAetnoraDdum and Articles statss thAt we must LYM5idcr the following rul￿Sum]￿r￿¢ WIKD Stle¢tilJ8
l) Ry of skilL8 acro￿ the brrfrd a¥ a whol
2) Board representativ¢ of the diversty of the area of beaefft.
3) Resident Trustees ¢8n be 4)poioted fortwo t¢rnJ8 of three Ye￿ wthich thry must stry down for
at least a year beforo se¢king r¢-AP￿intMettt.
4) Totsl maximum numba3 forthe Tru8tee board arn 13, ¢on¥istin8 of:
) Seven resident TTUStees.
b) Three stskebolder ￿p￿Inted Trustees.
¢) Thr¢¢ oFopl¢d Trustces.
5) Thére are 4)&¢tsg for ¥takehDldw appoiDtsJ Tn￿. Ono will be appiDted from..
a) St PètsFg Church.
b) Barnet Council.
¢) P¢Atx)dy.
Currently th¢ TTUSte¢ board CODsists of eleven Trnstees. Six re$ident Tnw two ￿￿k¢hold$r appointsj,
and threè ¢•. We currently have Sp￿ for ono R05ident TNst¢¢. We bive no Peabody StakeJLoldgr
Truste¢ at present, as Peab)dy do not wish to Dorninth anyone to our board kn ropr&wnt them.
Pftrtserj
In ordcr to achleve our ¢haritys miu10￿ we work in partnership with a number of crth¢r I￿] org8nistilii)ns.
Those include St Peterfs Church, Ed8Tr7re & H¢ndon Roforni Synagogue, Age UK Born¢L Barnet Coun¢iL
Young Barnot Foundthtio￿ Incluaion Barnet To*r, Mot1￿ to Moth¢r, Littlo iA&ders ond many
orn.
We pArti¢ipate in and n￿10th1￿ memi*rship of various lo¢ftl and natiomj tnfra81Th¢ture org8DiJation8 and
fonmij. to keop up to date with changes and ¢hallenge4 attd to incrnse our influence ADd Impact
bryond the10¢81 area. These include tho AS8￿14110￿ of Chief knutiveo of Voluntsry Or8•nisatl￿￿, Young
Bamet Foundation and the Barn¢t Referw Iko4J.
Rljk Man*gement
Th¢ mAjor risks to which th# Charity is exposed 8rc¥ regul2rly reviewed by the ThJsteB4 and systalls
establish￿ to mitigate th05e risks. A fllwicia] plicy is in pl•c¢ whtch allows frK irjternal a¢wuntability,
fina￿181 foTe¢ogting and reportin8 prO￿d￿¢S.
Prowluru in place to ensure Compliance with hoAIth and Mfdy Lx)D)pliaDc• and to deal with ¢omplaints.
In athlition. there are policioy gov¢ming the safe8￿dIng of childrell and vulDerable adults, staff and
volunteers. Policies are reviewed Jrgularly to ¢n8w¢ they are compliant with current logiglation and
accuratsly roflect the a￿1vItieS of the charity.
Approvwl by order of the of truste¢s on.i.S .￿1Q¥.¢h..x.￿.A........ •nd sigmed its behalf by:
Page 7

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
STONEGROVE COMMUMTY TRUST
IndepeDdent eumitter'j report to the trusteu of StODegrove Community Trust fthe Con)pany')
I report io the ¢harity trusiees on my examination of the accounts of the Company for the year ended
31 December 2024.
Responslbllldej •Dd hJls of reJx)rt
As the charitys truslees of the Company (and also Tts dire¢¢0￿ for the PUTPOS¢S of company law) you are
responsibl¢ for the prepar*ion of the accowits in ac￿rdanCe with the requiT¢ments of the Companies Art
2006 Ilhe 2006 Acl,).
Having satisfied myself that the a¢¢ounts of the Company Are not required to be audited under Part 16 of the
2006 Acl and are eligible for independ¢nt examinatio￿ l Fepon in respect of my examination of your
charitys accounts ￿ caTried out under Section 145 of the Charities Aci 2011 (Ihe 2011 ACV). In cwing out
my examination I have follow¢d ihe DireciioAs given by the Charity Conunission under Section 145(5) (b) of
the 201 l Act.
JndepeDdent t￿MIner'S st#tement
Since your charity's gross income exceeded £25O.000 your examiner must be a member of a listrd body. I
cgn confirni thai l am qualified to undertake the exwnination because l am a member of the Instilul¢ or
Chartered Accountants in En8iAnd and Wales. which is one of the listed bodies.
I have completed my examination. I confirn] that no matters hav¢ wne io my attention in connection with
the examtnation givin8 me cause to b¢lieve:
accounting Tecords were not kepl in resp¢ct of the Company as required by Section 386 of the 2006
the accounts do nol &C￿rd wlth those r¢cords; or
the accounts do not Comply with the accounting requirements of Secliiin 396 of the 2006 Act other
than any requirement the accounts give & true fair view which is J)ot a matter considered as
part of an independent examination. or
the accounts have not been w¢pared in accordance with the methods and principle$ of lh¢ Stalemcnl
of Recommended Praclice for accounting and reporting by charities {applicabl¢ to charities preparin8
their accounts in hccordon¢e with the Financial Reportin8 Standard applicable in the UK and
Republic of Ireland (FRS 102)).
I have no ￿nCer￿S and have come across no other matters ID conneciion with the examination to whi¢h
attention should Ix drawn in this report in order to enable a proper underst9mding of th¢ awounts lo be
reached.
Anwer Pat¢1 BA(Hons). BFP, FCA
Presions & Jacksons Partnership LLP
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
Page 8

STONEGROVE COMMU1￿ry TRUST
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR EFIDED 31 DECEMBER 2024
31.1224
Total
funds
31.12.23
Totsl
funds
Unr¢5tricted Restricted
funds
fi￿d
Notes
INCOME FROM
Donalions and legA¢ies
21600
138057
163,457
219.270
Other ChaTitable tncome
242381
338
242,619
236,408
Totll
266J81
139,J95
406,076
455,678
EXPENDITURE ON
Cb8rlt*ble aetlvitles
Community Centre Management
Support Costs
lo9￿22
17AA76
385,698
9.580
443,201
45,823
To¢#1
219.102
17&176
395278
489.024
NET TNCOMEI(EXPENDITURE)
Tr•nsf¢rs b¢¢ween funds
47,779
(31,841)
(3&981)
31,841
10,798
(33,346)
13
Net mov¢m¢nt th fund•
15,938
(S140)
10,798
(33,346)
RECONCILIATION OF FUNDS
Total funds brought forwwd
2,054,758
9J08 2.1)64.066
2,097,412
TOTAL FUNDS CARRIED FORWARD
2,070,696
4L168
2.074,864
2.064.066
The notes fomi part of these f]nancial 5taternents
Page 9

STONEGROVE cOM￿[UNTry TRUST
BALANCE SHEET
31 DECENIBER 2024
31.12.24
31.12.23
Notes
FIXED ASSETS
Tangible assets
2.024,774
1,943,831
CURRE￿ ASSETS
Debior$
Cash ai bank and in hand
io
62,2S2
15,424
64,777
71,442
77,676
136,219
CREDrroRS
Amounts falling due within ofte year
(27,586}
{15.984)
NET CURRFNT ASSETS
50,090
120235
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,074
2.064.066
NET ASSETS
2,074864
2.064,066
FUNDS
Unrestricted funds:
General fund
Sinking fund
13
2,070,696
2.041,472
13.286
2.0711696
2,054,758
Restricted funds:
Restricted Funds
4168
9J08
TOTAL FUNDS
2,074J64
2,064,066
The charitable company is entitled to exemption from a￿11¢ under Section 477 of the Companies A¢t 2006
foi the year ended 31 December 2024.
The members have not required the company to obtain an audit of its financial ststements for the year ended
31 December 2024 in accordance with Section 476 of the Companie5 Ath 21)06.
The notes fonn part of these fll)ancial statcments
Page 10
continued...

STONEGROVE cOMMU￿y TRUST
BALANCE SHEET. eontiDued
31 DECEMBER 2024
The trustees acknowledge their responsibilities for
(a) ensurillg that the charitable company kws acLwntin8 reo)rds th&t comply with ￿tiOnS 386 and 387
of the Cornpanies Act 2006 and
(b) prnpllriD8 fin8n¢i81 gt&terne4rts Ykni¢h gyve a true and fair vi¢w of the stat¢ of affairs of the ¢haritsble
¢ompatry &$ at the of fllwicial year and of Its sury¥lus or deficit for eacb fuJaDciaJ year in
a￿ordanCe with the requirements of S¢¢tions 394 and 395 and which otherwis& compty with th¢
requir¢m¢nts of the compani￿ Act 2006 r•tating to fjnancial stst8m¢nt4 so far 85 applicable to the
charitabh comp4ny.
These fllwiciil 8tatements have i*en ryepAr*l in a¢cordaneA with tho provi8ion8 applieabh to charitable
oompanie5 subJ￿t to the ￿all r¢wie.
The fmAnC1￿ statem￿ts wer¢ approved by th¢ Board of TnJ#ec4 and wthoriwj for issue on
.13...￿￿K￿..￿￿lG......., and were siwKd on its belwtf ty.
The notes forni part of these finati￿ statements
Page 11

STONEGROVE COMMum￿ TRUST
NOTES TO THE FINANCL4L ￿AT￿ME￿s
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNllNG POLICILS
Basts of preparhg the fimancknl itslem¢nts
The firwicial stalements of the ¢haTitsble company. which is a public benefit entity under FRS 102,
have been prepared in accordance with the Charities SORP (FRS 102)'Accounting and Reporting by
Charities: Statemeni of Re¢on]meTrJed P￿tiCe applicable to chaTities PTeparing their accounts in
a¢¢or<f8nc¢ with the Financial ReFK)rting StsDJard applithl¢ in the UK and Republic of Ireland (FRS
102) (effeclive l January 2019),, Financial Reprting Standard 102'The Finan¢ial Reporting Standard
appli¢abl¢ in the UK and Republi¢ of Ireland, and thc Companies 2006. The finJn¢iai ststements
have been prepared under the histOriC41 ciffl convention.
In¢ome
All in¢otn¢ is recognised in the Slalement of Financial Activities once the charity has entitlement to
the funds. it is probable that the income will bt received and the amount can b¢ m¢&sured reliably.
This include rental income. leased income, Community TnLSt Deed incotne and other incomes.
All Ancojnes are on a receiv4bl¢ buis.
Expethdlture
Liabilitie5 are reco￿)1$¢d 48 expendiftire as soon as there is a le￿ OT con51n￿ve obligaiion
committing ihe charity to that expenditure. it is probable that a transfer of economic b¢n¢fits will be
required in settlement and the amourti of the obligation can be measured reliably. Expenditure is
%￿Unted for on an accru41s b&8is and has been ¢1ossifi¢d u￿ter htsJin85 thai aggregate all cost
Tel￿ed to the category. Where costs ¢annot be directly anribuied io particular headings they have
Ee¢n allocated io activities on a basis consistent with the u3e of ￿sOUrces.
Tinilble ftsed •wts
Depreciation is provided al the followin8 annual rates sn ordLY to WTil¢ off assel over il$
estimated useful life.
Freehold propety
Planl and machinery
Fixtures Ind fittin8S
1%on￿)St
4Y• on cost
33Yo on redu¢in8 balance
Land is Th)t depreciated.
Tangible fixed assets are slated at historical cost less accumulated depreciation and any accumulated
impairni¢nt losses. HistOTical cost iKludes expenditure that is directly attTjb￿able lo bringin8 the
set to the location and condition necessary for it to be capable of opernting in the manner intended
by manag¢ment.
The chaTity is exempt froD) ¢orporntion tsx on its chaTitable activiti¢5.
Fund *ccouuting
UnTeslTiCted funds can be used in accordance with the chaTitable objeaives at the discretion of the
trusiees.
Sinking Fund 15 maintai￿{ for major repairs of. or improvements to the building.
Page 12
continued...

STONEGROVE COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENfs - tontinned
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLIC]ES- eoDtIDued
Fund accounting
Resiricted fimds can only be used for particular restricted purposes within the objects of the charity.
Restrictions arise when specified by the donoT or when funds are raised for particular restricted
purposes.
Further explanation of the nature and puryjose of each fimd is included in the notes to the financial
statements.
DONATIONS AND LEGACIES
31.12.24
31.12.23
Grants
163,457
219.270
Grants received, included in the above, are as follows:
31.12.24
31.12.23
P¢alM)Jy Community Fund
The National Lottery Community Fund
John Lyons Charity
Garfield Weston Foundation
Bamet Council
Co-operative Foundation
GLA London Community Energy Fund
Morris Benefi¢eni Charity
Young Barnet Foundation
Gr¢at¢r London Authority
Jack Petchey Foundation
Shanly Foundation
Charles Hayward Foutthtion
CORB
City Bridge Foundation
Jubilee Fourtdalion
New London AwhilKture Lid
A3d8 Foundation
Th¢ Morrisons Foundation
The Warburtons Foundation
Acciona Industrial
CAF
Edgware Town Centre Community FuTrJ
FTr"CC Limited
Gowling WLG (UK)
Skipion Building Society
23,593
47,192
32.817
20.000
3,340
18,617
30,1M)O
2D,IH)O
2200
7￿25
I,￿0
25,000
16,344
2,911
J,977
22,018
4.800
3.380
25,IXIO
400
1.598
7,995
3.000
10,000
500
163,457
219,270
Page 13
continued...

STONEGROVE COMMUNrrY TRUST
NOTES TO THE FIW4ANCIAL STATEMENfs- Continued
FOR TEtE YEAR ENDED 31 DECEMBER 2024
OTHER CHARrrABLE INCOME
31.12.24
31.12.23
Community Tntst Deed
Lease Rent
Service Charge
Community Centre MonAgement
Individual Giving
50,000
165J39
18.580
2,919
5,781
50,000
151.917
22,466
3,831
8.194
242,619
236.408
NET II¥COMEI(EXPENDITURE)
Net income1(ex￿ldlture} is stated after ¢harginyJ(crcditin8):
31.12.24
31.12.23
Depreciation- owned oss¢15
Indepcnd¢nt Examiners Fees
25,522
2,41)D
21,963
2,400
TRUSTEES, REMUNERATION AIYD BENEFITS
There were no trustees, remunernlion or other benefits for the year ended 31 December 2024 nor for
the year ended 31 De¢¢mber 2023.
Trwte¢J' expeDS
Thw¢ were no trustees, expens¢$ paid for the year ended 31 December 2024 nor for the year ended
31 December 2023.
STAFF COSTS
31.12.24
31.12.23
Wages and salaries
21M,879
234.545
204,879
234,545
The average tnonthly number of employees during th¢ year was &$ follows:
31.12.24
io
31.12.23
Charitable
Admin
12
No wnployees Teceived emoluments in exce55 of £60.(XIO.
Page 14
continucd...

STONEGROVE COMMUNTFY TRUST
NOTES TO THE FINANCIAL STATEMENfs . continued
FOR THE YEAR ENDED 31 DECEMBER 2024
COMPARATtVFS FOR THE STATEMENT OF FINANCIAL AcfiviTIES 31 DECEMBER
2023
Unrcstrictcd Restricted
funds
fimd
Total
fund5
INCOME FROM
Donations and legacies
52.138
167.132
219,270
Other Ch8ritAble Income
233.491
2.917
236.408
Tot*1
285,629
170.049
455,678
EXPENDTfuRE ON
Ch4rll4ble actlvlties
Community Centre Management
Support Costs
277.025
24.131
166,176
21,692
443.201
45.823
Tol*l
301.156
187.868
489.024
NET INCOMEJ(EXPENDITURE)
(15.527)
(17,819)
(33,346>
RECONCILIATION OF FUNDS
Total funds brought fonvard
2,070,285
27.127
2.097,412
TOTAL FUNDS CARRIED
FORWAI
2.054,758
9,308
2,064.066
KEY PERSONNEL MANAGEMENr
Key Personnel Management comprises of the Board of Trustees.
Page 15
continued...

STONEGROVE COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS - Continued
FOR THE YEAR ENDED 31 DECEMBER 2024
TANGIBLE FIXED ASs￿s
Fixtures
Frcchold
Plant and
property machinery
fittings
Totals
co
At l January 2024
Addilions
2,100,000
150,788
2250,788
106865
106,465
At 31 December 2024
2,11)0,￿0
106,465
150,788
2J57253
DEPRECIATION
At l January 2024
Charge for year
160,(M)O
20.(
146,957
1364
306,957
25,S22
4258
At 31 December 2024
180,(KIO
4258
14&221
332,479
NET BOOK VALUE
Ai 31 December 2024
1920,(KJO
102207
2￿7
2,024,774
At 31 Lkcember 2023
1,940,(
3,831
1.943.831
The freehold of ihc land and building is held by the London BoTOU8h of B4rnet. In 2016 a lease for
999 year lease was granted lo ihe London Diocese of the Church of England. and an underlease of 998
years was granted to the Stone￿0Ve Community TnL￿. representing 50D/o beneficial usage. 'fhe share
of ihe Communiry Centre for Ih¢ charity was valued at £2.Imillion of the total value of the land and
building. Lond and buildings were measured at fair value.
10. DEBTORS: AMoufATS FALLtNG DUE WITHIN ONE YEAR
31.12.24
31.12.23
Trade debtors
Other debtors
Prepayments and a¢¢n*d income
58.4J3
99
3,740
52,845
6.886
5.046
62252
64.777
Page 16
Continued...

STONEGROVE COmMUm￿ TRUST
NOTES TO THE FIN￿l"CIAL STATEMENfs . contillued
FOR THE YEAR ENDED 31 DECEMBER 2024
11. CRFDrroRS: AMOUNTS FALLING DUE wmtlN ONE YEAR
31.1224
31.12.23
Trade creditors
Other ¢reditor5
Accrued expenses
19,887
2.899
4,800
2,602
10,982
2.400
27W6
15,984
12. ANALYSIS OF GENERAL RESERVES
General Reserves as ai 31 tkcember 2024 corL8iSt of:
31112r24
31112123
Fixed Assets R¢s¢rves
Free General Reserves
Sinking Fund
2.022207
48,489
1,940,000
101,472
13,286
Total GeD¢ral Reserv¢5
2,070,696
2,054,758
13. MOVEMENf IN FUNDS
Net
movement
in funds
Transfers
between
funds
At
3111J24
At Iiir24
Unreitrlcted fun
General fund
Sinking fund
2.04&134
624
56,403
(8,624)
(31841) 2.070,696
2.054,758
47.779
{31841) 2.070,696
Restrlcled fuDds
Re*ricted Fund5
9W8
(36.981)
31.841
4.168
TOTAL FUNDS
2,064,066
10,798
2,074,864
Page 17
continued...

STONEGROVE COMMUNJTY TRUST
NOTES TO THE FIN￿NcIAL STATEMENTS . continued
FOR THE YEAR ENDED 31 DECEMBER 2024
13. MOVEMENT I1¥ FUNDS- eontinued
Net movement in fund5. included in the above are as follows:
Incoming R¢sources Movement
resourees
expended
in funds
UnreJ¢rRtttd funds
General fund
Sinking fimd
266881
{210.478)
(8,624)
5&403
(&624)
266,881
{219,102)
47,779
ReJ¢rl¢ied funds
Res(ricted Funds
139.195
{176,176}
136981)
TOTAL FU]￿s
40A076
(395278)
10,798
Compirntfvu for movem¢•¢ IA fllnds
Net
movcment
in funds
At
31112123
Ai Iiir23
UllreJtrJ¢ted fuDdJ
General fund
Sinking fi￿d
2.056.999
13.286
(15,527) 2,041.472
13.286
2,070,285
(15.52D
2,054,758
Re8trlcied funds
Restricted Funds
27.127
(17,819)
9,308
TOTAL FUNDS
2,097.412
(33.346) 2.064.066
Page 18
continued...

STONEGROVE COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENfs- ¢ontinn¢d
FOR THE YEAR ENDED 31 DECEMBER 2024
13. MOVEMENT IN FUNDS- contimutd
CompaTative net movement in fulld& included in the above arc as follows:
Incoming R￿Qur￿5 Movement
resources
expended
in funds
UDreitricted funds
General fund
285.629
{301.156)
(15.527)
Rejtrleted fttnth
Restricted Funds
170.049
(187.868)
(17.819)
TOTAL Iry)NDS
455,678
(489.024)
(33,346)
Ru¢ri¢ted Fullds
Rtslri¢t¢d Thnds Is It 31 Deeember 2024 eoD#tst of:
31112r24
31112123
Community Organisin8 Projects- Nationa] Lottery Community Fund
9.308
Environmental Projects
168
Totsl Restricted Fundj
4,168
9.308
14. CONTINGENf UABILITIES
The charity is currently in discussions with Barnel ¢ouncil atA)ut the lease of the buildin& As
disclosed in note 8. the freehold of the land and building is held by Barnet council wilh a 999 year
head lease to the London Disxesan Fund and a 998 year underlease having been granted to the
Stonegrove Community Trust. In the p&5L the council has not asked for any amounts in respect of the
lease of the buildin& However. recently the trustees bewne Aware Ihal th¢ ¢ouncil could &%k for
limited rent for the use of the building. The charity h&$ &sked Barnet Council to clarify ils Position.
The trustees do not believ¢ tha¢ it is probable thAt it will be &sked to settle thes¢ amounts ther¢for¢ a
provision has not been recorded in the stalement of finarKial aclivitie5.
Page 19
continued...

STONEGROVE COMMUNITY TRUST
OTES TO THE FINANCIAL STATEMENtS . continued
FOR THE YEAR ENDED 31 DECEMBER 2024
15. RELATED PARTY DISCLOSURLS
There were rAO related party transactions for thc year ¢nded 31 December 2024.
Page 20

STONEGROVE commuNT￿ TRUST
DETAILED STATEMENT OF FINANCIAL AcfIviTIES
FOR THE YEAR ENDED 31 DECEMBER 2024
31.12.24
31.12.23
INCOME
Don*tlons lega¢ks
rants
163,457
219,270
Otber Ch*rl¢able Ineome
Community Trust Deed
Lease Rent
Service Charge
Community Centre M4na8¢ment
Individual Giving
50,000
165J39
18580
2,919
5.781
50,000
151,917
22,466
3,831
8.194
242,619
236,408
Tot*1 l*¢omlD£ resour¢eJ
406,076
455.678
EXPENDITURE
Ch#ritible Acdvltlei
Rates
Building Insurance
T¢l¢phon¢
Postage and slalionery
Markeiing and Promotion
14eating and Hot Water
Cleaning
Building Maintenance
Community Activities
St Peter'5 Contribulion
Equipment Expensed
Training and welfare
Subscriptions
Trav¢1
FTh)d Bank & Kitch¢n Cost
Freehold Prop¢rty Depreciation
Plant and machinery
Fixtur¢s and bittings Deprecia
5N7
5,623
IJ03
S,04S
12,922
17,192
1,718
30,813
35,184
16008
160
338
858
2.832
5.739
3.S53
3.465
8,871
30,677
3,812
41,509
54.605
15.842
739
2,341
1,301
274
9,177
20.000
23819
20,000
4358
1364
1.963
183,654
206.7(M)
Support ¢oJts
Wage5
2(M079
234,545
Thts pa8e does not forni part ofthe statutory financial stst¢ments
Page 21

STONEGROVE cOmNIUNf￿ TRUST
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2024
31.12.24
31.12.23
Management
Finince
Bank charges
63
other
Volunteer Training a￿1 Expense
796
1.945
GoverD•D¢e costs
Accountsncy and legal fees
Independeni Examiners F¢es
Financial man￿eMent
Consultancy fees
(2035)
2,400
3034
2J50
2.41)0
3.337
38.038
5949
45,771
Total resources CXw￿ed
395278
489.024
Net IDcomellexpeDdltsr¢)
10,798
(33,346)
This page does not forn) part of the 51atutory financial statements
Page 22