Charlty number.. 210270 CAXTON HOUSE SETTLEMENT UNAUDITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 RPGCC Chartered A¢countanls & Statutory AudilL¥ 40 Grac6church Street London EC3V OBT
CAXTON HOUSE SETTLEMENT CONTENTS Page Reference and administrative details of the charity, its Trustep5 and advisers Chair's statement Trustees, report Trustees, responsibilities statement Independent examinels report Statement of financial activities 4-10 12-13 14 Balanc8 sheel 15 Notes lo the financi81 ststements 16-33
CAXTON HOUSE SETTLEMENT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024 Trustees M Campbell lappoir.ted 21 nclober 2024) M Spall, Chair S Camp S Daley M F8cey (appointed 21 October 2024) Kurdiski Middle Eastem Womei)'s Org8nisalion (represented by S Salim) London Capital Credit Union {Tepresentgd by H Baron) Experience Archery Irepresented by L Piltisl Charity reglstered nurnr 210270 Princip81 office 129 st John's Way Isllnglon London N193RQ Holding Trustees J Corbyn MP Cllr. M Ngongo Jacquline Willlams Chief Executive Paul Furzè Accounlants RPG Crouch Chapman LLP Chartered Accountants 40 Gracechurch Street London EC3V OBT Bankers CAF Bank Llmited Kings Hill West Malllng Kent ME19 4TA Independent Examlner Jeremv Tyrrell BA {Hons) FCA RPG Crouch Chapman LLP Chartered Accountants 40 Gracechurch Street London EC3V OBT Pagè 1
CAXTON HOUSE SEfTLEMENT CHAIR'S STATEMENT FOR THE YEAR ENDED 31 MARCH 2024 The chair presents her statement for the year. Over the past 12 months, Caxton House has experfenced an unprecedented level of actlvity. Our premises are in use 7 days a week, often late into the evening. During this tlme, we have significantly expanded the range of programmes and serVIS we offpr, covering themes such as health. well- belng. and education. We are delivering an average of 34 projects each week. half of which are partnership initiatives developed in collaboration with local community groups. Addllion8lly, we have hosted a ranoe of community and Cost-of-Living events in partnership wllh over 20 organlsatlons. with support from 60+ volunteers. During Ihls period, Islington Council has awarded us a core grant up lo 2028 enabling us to build these valuable partnerships and addre55 the Council's key priorities. In the past year, Caxton House has made signiftcant strides in reducing its relian on fossll fuels. We have instslled an air source heal pump as part of a comprehensive relrofil and decarbonisation effort. Additionally, we have implemented mechanical ventilalM)n with heal recovery units, which wlll improve air quality for all our staff, volunteers, and centre users, while enhan¢ing the building's energy efficiency and lowering operating costs. Notably, these rW systems are projected lo cul our annual carbon emissions by 18.5 lonnes. We have implemented a robust system for closely monitoring data from each individual space within our building, allowing us lo ensure that all areas are reaching their full healing potential and operating al maximum efficiency. By closely tracking this data over the course of the next 12 months, we will be able to gain valuable insights that will directly inform and gulde our future efforts to maintain an exceptionally energy*ffi¢ient bullding. Caxton House has a dlverse revenue model that all¢)ws us to maintain a stable financial fooling and continue fijlfilling our vltal role as 8 community partner in the London Borough of Islinglon. We continue lo generate income through 2 varfety of channels, both by securing external granls and donations as well as through the effective management of our physical premises. The core grant provided by Islington Counell serves as an essentlal bedrock, supporbng somg baseline operational costs. Havlng a varied Income source provldes a crucial buffer against potential fluctuations or downturns in any slngle revenue stream. ensuring we can weather unexpected challenges. Importantly, this funding model empowers Caxton House to focus squarely on its mission of delivering high-impact services and a¢tivities tailored to the unique needs of the local communities. The council has long recognized the immense value that voluntary sector organisalions like Caxton House brlng, providing a lifeline of essential seNices. educational opportunities. and community engagement initiatives. C8Xton House appreciates Islinglon Council's continued support and partnership, supportSng our position as a slraiegic nelghborhood anchor, responsive lo the evolvlng needs of lo- r85idents and steadfast in our commitment to fosterlng a more equitable and vibrant Islinglon. Ve are fr.- "those finavicial support has been instrumental in sustaining and advancing our important WOTk over the pasl year. Their Invaluable conlribullons have enabled us lo continue delivering much needed services and programmes to our Gommunities, expandlng our reach and impact arsd supporting our commitment lo making a tangible differ&nce in people's lives. Alongside this financial backing, we are also incredibly thankful for th8 tsreless efforts of our dedlcated volunteers, donating their time, energy and expertise. We also thank our partners in other Isllngton Hubs and cenlres, as by working in close coordination and shafing resources. we've been able to maximize our collective impact and better serve the diverse needs of our shared communltles. My thanks, as always. to Paul Furz8. Sue Collin- and our staff and volunteers for the long hours, expertlse and enthusiasm that they bring lo their roles here. Page 2
CAXTON HOUSE sErrLEMENT CHAIR'S STATEMENT {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 In addition, I wish lo thank all thoge involved in running projects at Caxton House who have taken tlme lo help others here. l also b 'lend my thanks to the Iv1anagement Committee, including the li new member5 who have centlY joined, as well as the holding Iruslees Jeremy Corbyn MP, Jacquline Williams and Michelline Ngongo. A thank you loo to my fellow Ward Councillors for their nonlinued iirf&rn Finally, my thanks lo our independent examiner, Jeremy Tyrrell Marian Spall Chalr of the Managemenl Commlttee Dale: Page 3
CAXTON HOUSE SETTLEMENT TRUSTEES, REPORT FnR THE YEAR ENDED 31 MARCH 2024 The Trustees present their annual report logelh6r with the financlal statements of the Caxton House Settlement for the 1 Aprll 2023 10 31 March 2024. Ob'8cINe5 and aGtiviti&g a. Policies and objecllves The objects of the Charily are to provide soclal amenlties for the community in the London Borough of Islinglon. Caxton House Settlement is a well-eslablished -ommunity centre that focuses on a range of regeneration, education and heallh programmes tackling social exclusion. crime and housing related issue8. Our alms and objectives are broadly defined as- 1) Provldlng access lo facllltles or seNices which would othewisè bé too cOY or difficult for local people lo obtain. 2) Generating self-developmenl and education opportunllles. 3) Organising social groups, advtce surgeries and support groups. 4) Collaborating and eOrkIng wSlh Indlvlduals, the local authorlty, voluntary oryanSsations and other community projects. In selling objectives and planning for activities. the Trustees have given due consideration lo general guldance published by the Charity Commlssion rolating to public bewfll, induding tho guidance 'Public benefit.. running a charity IPB2)'. AchiementS and erformance a. Main achievements of the ¢harlty Caxton House is a long established multi purpose Community Centre that provides a wide range of diversa, Innovative, highly responsive and Community led servlces and actilIeS to the local neighbourh¢)od, Our primary fo¢us Is to lake a leading role In the empowerm8nt of deprived neighbourhoods and communities, to bring resources and promote cohesion. Our commilment lo multiple grass roots services are assessed and InflUend by the unique needs of our diverse communities and the local neighbourhood. We have a proven track record in delivering an innovative programme of services and activities aimed al preventlng and improving a wide range of compfex local issues in¢lud1ng heelth inequalities, employabilily, well being and a¢sS to high quality advice. We have initiated a wlde range of partnerships lo br¢)aden the interagency servi¢e delivery from our ¢enlre and avoid duplication to ensu our local ¢ommunili&s have ac¢e5S to the widest possible range of seNices and activities helping lo tackle key issues in the neighbourhood. We place local residents at the centre of provlsion driven by identified local needs, and through a varlety of monitorlng. consultation and feedback, are able lo ensure resident engagement in the design of all our seNices and aclivilies. P8ge 4
CAXTON HOUSE SETTI FMENT TRUSTEES, REPORT ICONTINUEDI THEYEAR ENDED 31 MARCH 2024 Achievernents and performance (conlinuedl In the past year, Caxton House has continued to strengthen the growth and development of our ¢entre. We continue lo be 851ablished as a strategic focal polnt for Ihe local neighbourhood and lo maximise our range of services and aclivi118s by continuing to bring in complementary organisatlons that have en8bled us lo continue lo diversify the service offer from our cenlre, consolidating us as a slrateglc and practlcal neighbourhood partner and opening up opportunities for more diverse funding efforts. Among our achievements are". Slrenglhening of Ioc81 democracy 8nd resid8nt engagement through th8 Hillrise Ward Partnershlp. We continue to be considered an example of Best Practice with regard to Communlty Engagement and the effective use of space within the ¢enire. We have continued to woik in partnership with Hillside Clubhouse providing volunteering 2nd training opportunities for adults with mental health issues. We have continued to develop, manage and deliver a rdnge of health and wellbeing projects which have addressed social isolation. We have expanded the opportunity for aceess to good quality health activities which a free or low cost, helping lo tackle health Inequalities, improve physical fitness and improve mental health and well-being. We continue lo work on Ihemalic partnetships with addittonal collaboratlons that brlng In new resources, skills and join up services locally. Caxton House has continued in its role as the Locally Trusted Organisa16on for a long term resident-led initiative. We have continued with our gardening and food growing projects, and have added additional outdoor therapeutic crafts to our delivery programme and have started creating a new contemplation and meditation space. Wg hav8 continued to work with GoodGym who 9UPPOrt our centre with gardening and ground maintenance. We continue with our corporate volunteering programme, whlch has supportèd the cenlre with refurbishment and upkèep of our @xternal areas and gardèn. We have continued the work to retrofit and decarbonise th8 centre, installing an air source heat pump and mechanical ventilation with heat recovery units. The MVHR units improve air quality in the building for all our staff, volunteers and centre users. while improving the efficiency of heat dislrlbution in the building and saving on running costs. Importanlty, these two systems reduce our carbon emissions by 18.5 tonnes each year. Page 5
CAXTON LIOUSE SETTLEMENT TRUSTEES. REPORT ICONTINiIEDI FOR THE YEAR ENDED 31 MARCH 2024 Achievements and performance {continuedl We have In¢reased the level and rang8 of support we provlde to smaller local groups. thls Includes assisting wlh financial management. provision of volunteers, marketing and publlclty, admin and fundraising. We have also provided discounted and free hire space lo a range of local groups and organisations. Through the charlty In Kind Direct we receive and distribute free goods and equipment to other groups and organisations. This has enabled Caxton House and the groups we support to make significant budget savings on core costs which ¢an then be redirected into additional projects and servlces for local communilles. We cairy out regular monitoring and feedback sessions with beneficiaries which ciearfy demonstrate the positive impact our projects and activities have with regards to improved fitness and mobility. weight loss, increased sense of wellbelng and improved gelf-confidence. These Suey8 provlde an opportunity for local residents lo inform the design of additional services and aclivslies. b. Fundraising 8clivltEes and Income generation We aim to provide a secure and suslalnable funding base for Caxton House's strategic develOpnnt plans. The strategy aims to integrate fundraising and resource mobilisalion as part of Caxton House's strategic priorities. Our obleclives.. To embed fundraising as a key function within Caxton House and develop expertise and
Niii> 11 I iui i(41aioifiy yyiiilin the Maiiageiment Commlttee, staff and volunteers. To seek out and secure wider-collaboryations with mutually beneficial Thlrd Sector organisations, and Islington Council to join-up and grow the impact of servlces and aclivlties locally. To strengthen the fundraising collaboration between Caxton House, Sslington Council and other members of the voluntary sector lo devèlop partnership programmes of local activities and services. To collaborate on joint-fundraising projects that are community-led. exciting, innovative and are undorpinned by quality- Flnanclal revlew a. Golng concern Aft&r making appropriate enquiries within the charity, the Tru$tees have a reasonable expectation that the charity has adequate resources lo continue in operallonal exlslence for the foreseeable future. For this re8son. they continue to adopt the going concern basis in preparlng the flnanclal ststements. Further delails regarding the adoption of the going concern basis Can be found in the accounting policies. In the year to 31 March 2024, there was an overall surplus of £38,04812023- £51,907). Th8 Trustees consider this a satisfactory result. Page 6
CAXTON HOUSE SETTLEMENT TRUSTEES, REPORT ICONTINUEt)I FOR THE YEAR ENDED 31 MARCH 2024 Caxton House continues to be a going concern as we have 8 numbe¥ of funded projeGts and are in the process of developing addltlonal services that will span several years, along with reserves that will allow us lo continue to dellver our services. We have secured core fL¢nding until 2024 and have adapted our premlses hire and offices to enable additional services to continue lo operate. We will ensure we a current with new funding opportunities, in particular Ihose that sUppt any lost income andlor wre costs. Our Management Committee wlll continue lo meet regularly to revlew our finanaal position and whe r¢ecessary, make prudent adjustments to expenditure and reduce costs b. Reserves policy To avoid closure if ftjnding difficulties were to happen the Trustees have as a target, the accrual of a certain level of financial reserves to ensure that main operations can continue for a sel period of Ilme of not less than 3 months. Or, should the centre face closure, appropriate reseNes will be in place to cover necessary costs. Trustees will aim to have in place reserves to cover all or some of the following: That staff can ¢ontinue working, primarlly to secure new funding. That the organisalion is able to operate. running activities and services for the eommunity for a set period of time of not less than 3 months. For this purpose, the charity aims to hold unrestricted reserves of no less than 3 months, these unreslricled reserves excluding balances relating to fixed assfyts. To meet unexpected costs e.g. urgent r&pairs and staffing costs. c. Flnancial risk management objectives and pollcles Caxton House continues to operate financial management policies on the basis of fund accounting, as described In sectlon 1 of the notes to the financial statements. d. Principal funding The maln funder of the charity dudng the y8ar lo 31 March 2024 was The London Borough of Islinglon (£105,257112023: Biffa Award - £75,000). In total, 54% {2023: 59fr) of the ¢harity's income was received from funders through grants and donations. Structur8 overnan and mana ement a. Constitution Caxton House Settlement is a reglslered charity, number 210270, and Is constituted under a Trust deed dated 27 September 1974. b. Methods of appointment or election of Trustees I he ManY¥ll11il vi ii-i¥ LiiatlLy Ib the respunsibility of the Trustees who are elected and co-opted under the temis of the Trust deed. Page 7
CAXTON HOUSE SETTLEMENT TRUSTEES. REPOfET ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 structure, govemance and management (Gonllnued) Organisational stnjcture and declsion-making policies The management of the charity is the responsibility of the Trustees who are elected 8nd Coopted under the lernis of the Trusl deed. The Charity is managed by a Management Committee elected by the membership al th8 Annual General Meeting whose members during the year are set out below. M. Spall Chair and Hon. Secretary S. Camp - Vice-chair and Hon. Treasurer H. Baron M. Campbell S. Daley M. Facey L. Pillis S. Sallm The Management Committee met four times during the year (includirsg virtually}. d. Financlal risk management The Trustees have assessed the major risks to which the charity is 8xposed. in particular those related lo the operations and finances of the charity, and are satisfied that systems 8nd proc8dLsres are in place lo mitigate exposure to the major risks. Caxton Houge continues to operate financial management policies on the basis of fund 8ccounling, as de$crlbed In section 1 of the notes to the financial statements. Plans for future periods We wlll ¢ontlnue to promote Caxton House as a multi-purpose communlty centre and Nelghbourhood Partner within the Ioc81 community. A key aim Is to continue to work collaboralvely to dellver servlces that we know work, and wll address faimess and poverty prioritles so that we can reach more people among all generatlons in our neighbourhoods. We will continue to develop our community centre as a vlbrant and effective community anchor Enabling us and complementary partners to collaborate effectively Sharlng and encouraoing best practice through information sharing Ensuring we continue to best serve our communities Championing community action on Ioc81 forums and with key decision-making bodies Continue lo work towards becomlng sustainable and resourcefvl by seeking out new sources of funding lo stlmulale and sustain collaborative working Piloting new fomis of income generation and resource sharing Page 8
CAXTON HOUSE SETTLEMENT TRUSTEES, REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Plans for future periods Icontlnued} To do this we have set ourselves a number of Key Strategic Objectlv&s.' To enhance our Quality and Sustainabillly Frameworks by Idenllfying best practice with a view to continuing lo develop a strong, enlerprfsing and listening multi-purpose community cenlre. To work collaboratively and in p8rtnership with others to develop, nurture and maintain highly effective ward parlnershlps. In support of18llngton Coundl's vislon for localism. cohesive communities and fairness. To develop and deliver a portfolio of innovative, hlghly responslve and eommur¢lty16d projecls, 8clivilies and community events that respond lo the authentic voices of local ¢ommunities in order lo help nelghbourhoods take ownership of Improvlng communlty cohesion and wellbeing. To contribute to tackling poverty, including child povgrty and vvlnorable older peopl8. through accessible informal lifelong learning spaces, by delivering a programme of community bas8d learning provision to engage, enabl8, inspire, 8mpow9r and supporL To develop an effective community support network that will mobilize isolated and dlsengaged communllles, and engage new user groups through widening participation initiatives and growing the number of diverse and fun recreational activities within Caxton House. To fosler opportunllles to explore volunteering and 80clal 8nlerpd$e soluttons to tocal service provision gaps and social he810 i8sue8. To bulld stronger Ilnks wlth buslnesses to brlng a different dimension to the wlde variety of volunteering opportunities ¢urrenlly offered. maxlmlse resOltr utllisatlon and embrace corporate social responsibility. To slgnificanlly increase the connectlvity of Caxton House with complem8ntary Third Sector Organisations, Islinglon Council and private business (where appropriate) to maximise potential for developing new services and activities, and attracting new ndIng to the Borough. Continue developing our fundralslng strategy for Caxton House beyond statutory fLJnding to Include corporate and prlvale sponsorship. Fundralslng as a key functlon wlll contlnue to be embedded across all our servlces lo provlde a foundatlon for a sustalnable fundlng base helping to ensure that our mlsslon, vlslon and strateglc development plans are mèi. Contlnue our commitment to supporting London Borough of Isllngton In its aim to tackle L11¥ ts1¢1 Iiair rflièiyl li•y by achieving a nel zero carbon Islington by 2030 through continuing our decarbonisation work. Our vision and definition of success is to see Caxton House continue lo develop as a focal point and leader for the local neighbourhood.. creating innovative ways lo brsng resources lo and emp)wer individuals and communities., worf< in partnership and play an active role in the empowemienl and cohesion of neighbourhoods and communities. work collaboratively and continue lo offer a wide range of high quality fa¢ilities, activities and services that are resident centred and 8cceg8ible. Page 9
CAXTON HOUSE sEfTLEMENT TRUSTEES. REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 Funds held as custodl8n Caxton House S8ltlemenl holds funds on behalf of Fllhorne Pride, a Big Local fesiden14ed Inlllatlve In Islinglon. Details ar8 included in Note 19 to the accounts. Approved by order of the members of the board of Trustees and signed on their behalf by.. ffl sPaoe iarIan Spaii {Chair of Trustees) Date: 2p. 1.207 Page 10
CAXTON HOUSE SErrLEMENT STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2024 The Trustees are reswnsible for preparing the Trustees, report and the financial slalements In a¢cord8nce with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Praclicel. The law applicable to charities in England & Wales requires the Trustees to prepare flnancial statements for each financial wnich give a true and fair view of the slate of affairs of the charity aiiLi of its incoming resources and application of resources. Includlng its income and expendliure, for that period. In preparing these financial statements, the Trustees are requlred to.. select sult8ble accounting policies and then apply them consistently; obSee the methods and principles of the Charitles SORP {FRS 102); make judgments and accountlng eslimates that are reasonable and prudent; state whether applicable UK Accountsng standals {FRS 102) have been followed. subject to any material departures disclosed and explained in the financial statements; prepare Ihe financial statements on the golng concem basls unless il is inappropriate to presume that the charity will contlnue in business. The Trusl8es are responsible for keeplng adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the finan¢lal position of thg charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity {Accounls and Reports) Regulations 2008 and the provisions of the Tnjst deed. Thgy are also responsible for safeguardlng the assets of the charlty and hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Twstees and slgned on its behalf by.. Marfan Spall (Chair of Trusleesl Date: 20.l.loL< Page11
CAXTON HOUSE SETTLEMENT 5NDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 Independent Examine¢s Report lo the Trustees of Caxton House Seltiemenl {'the charity,) I report to the charity Trustees on my examinallon of the accounts of the charity for the year ended 31 March 2024. Responsibilities and Basis of Report As the Twstees of the charity you are responsible for the preparation of the accounts In accordance with the requiremen15 of the Charities Act 20111.lhe 2011 Acl'>. I report in respect of my examination of the ¢harlty's accounts carried out under section 145 of the 2011 Act and In carrying out my examinalion I have followed the appllcable Dlrecllons glven by the Charity Commission under section 14515)Ibl of the 2011 AGI. Independent Examlnerfs Statement Slnce the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examlnauon because l am a member of the Institute of Chartered Accounlanls in England and Wales, which Is one of the listed bodies. Your attentlon Is drawn lo th& fact that the charily has ppared the ac(xJunls In accordance with Accounllng and Reporting by Chaiities- Statement of Recommended Practice applicable to charities preparlng thelr accounts in accordance with the Financial ReFx)rting Standard applicable in the UK and Republlc of Ireland (FRS 102) in preferen¢ts +A Ihe Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn. l understand that this has been done in order for the accounts lo provlde a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reportlng periods beginning on or after 1 January 2015. I have comDleled mv examlnaUon. I confirm that no matters hav8 come to my attention in connection with the examination giving me Cause to believe that in any material respect.. accounting r8cords were not kept in respect of the charity as requlred by section 130 of the 2011 Act. or the accounts do not accord with those records., or the accounts do not comply with the applicable requirements concerning the fonn and content of accounts set out in the Charitiès {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true ap.A fair, vlew whlch is not a matter considered as part of an independent examination. I have no concems and have come across no 0th6r matters in connection wlth the examlnatlon to which attention should be drawn in this report in order to enable a proper understsnding of the accounts lo be reached. Page 12
CAXTON HOUSE SETTLEMENT INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FUR THE YEAR ENDED 31 MARCH 2024 This report is made solely to the charity's Trustees. as a body, in accordance with Part 4 of the harilies jMbLvuiits ¢11 iu Regulalioiis 2008. My work has been undertaken so that I might state to the charity's Trustees those matters l am requlred lo stale lo them In an Independent examiner's report and for no other purpose. To the ftsllesl exlenl permitted by law, I do not aCpt or assume responsibility lo anyone other than the charity and the charity's Trustees as a body, for my work or for thls report. Signed.. Dated.. 11 c>1 Jeremy Tyrrell FCA 40 Gracechurch stet London EC3V OBT Page 13
CAXTON HOUSE SETTI FMENT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted funds 2024 Restricted funds 2024 Total funds 2024 Totsl funds 2023 Nole IncomB from: Donations and legacies Charitable 8clivilies Other income 129.878 17y,398 4,845 86,443 216,321 179,398 4,845 219,438 152,683 2,709 Total Income 314,121 86,443 400,564 374,830 Expendlturè on., Charitable activities 287,121 75,395 362,516 322,923 Total trxpendlture 287,121 75.395 362.516 322,923 Nèt mov•m•nt In funds 27,000 11,048 38,048 51.907 Rèeonclllatlon of funds: Total funds brought fOard Net movement in funds 238,584 27.000 157,544 11,048 396,128 38.048 344,221 51.907 Total funds carrled fONrd 265,584 168,592 434,176 396,128 The Slatemont of Financial Activities includes all gains and losses recognEsed In the year. The notes on pages 16 to 33 form part of these financial statements. Page 14
CAXTON YOUSE SErrLEMENT BALANCE SHEEr AS AT 31 MARCH 2024 2024 2023 Note Fixed a55ets Tangible assets 12 265,696 169,018 265,696 169,018 Currènt assèts Dgbtors Cash at bank and In hand 13 9,705 183,401 19,485 236,199 193,106 255.684 Credltors: amounts falling due within one year 14 (24,626) (28,574) Not currnnt assets 168,480 227,110 Total net ps8et 434,176 396,128 Charlty funds RestriGted funds Unrestricted funds 15 168,592 265,584 157,544 238,584 15 Total funds 434.176 396,128 The flnanclal statements We approved and authorlsed for issue by the Tru51e85 and signed on their behalf by: 6PdQ. Marlan Spall Datè: lo. i. The notes on pages 16 to 33 form part of these financial slat8ments. Page 15
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 General information The enllty Is an unincorporated trust registered with the Charity Commission in England and Wales, charity number 210270. Ils principal office is 129 St John's Way, Islington, London, N19 3RQ, whlch Is also Ils pr[r1PaI place of operation. The activity of the trust remalned that of runnlng a Communlty Centre. These financi81 statements have been prepared in GBP and all amounts have been rounded to the nearest £. AGcounllng policies 2.1 Basis of re aration of financial statements The financial statements have been prepared In accordance with the Chariti8s SORP (FRS 102) A¢UntIng and Reporting by Charities.. Statement of Recommended Practice applicable to Charittes yreparing their accounts iii accordance with the Financial Report:.- Standard applicable in the UK and Republic of Ireland IFRS 1021 {effeclive 1 January 2019>, the Financial Reportlng Stsndard applicable in the UK and Republic of Ireland (FRS A Act 2011. The flnanclal statem8nts have b8en prepar8d to glve a 'lrue and falr, vlew and have departed from the Chari118s (Accounts and Reports) Regulatlons 2008 only lo the extent required to provide a 'lrue and fair, view. This departure has involved following the Charities SORP IFRS 1021 published In October 2019 rather than the Accountlng and Reportlng by Charilles.. Statement of Recommended Practice effective from 1 April 2005 whlch has glnce been withdrawn. Caxton House Selllement meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initlally recognised at historical cost or transaction value unless otherwise slated in the re18vanl accounting policy. The Iruslees conflmi their expllcll and unreserved complianc& iwth Ihè above legislation. 2.2 Goin conce The trustees consider that there are no malerial uncertalntles about the charlty's ablllly lo Continue as a going concern for the foreseeable future. The most Significant Conslderation In re8chlng this conclusion is fa¢ture fundlng. The trustees have secured commitments which enable them to conclude that the charity can be consldered a going concern for the foreseeable future. this being a per¢od of al least 12 months from the dale of approval of the balance sheet. 2.3 Inco All income is recognised once the charity has enlill6ment lo the incomè. il is probable that the income will be reco led and the amount of irKome receivable can be measured r81iab!:, Page 16
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANLIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policles {conlinued) 2.3 Income continued Grants are included In the Slatemenl of financlal acllvilies on a receivable basls. The balance of income received for specific purpoges bul not expended durlng the perfod is shown in the relevant funds on the Balance sheet. Where Income Is recelved in advance of entidement of receipt, ils recognition is deferred and included in creditors as deferred income. Where entlllement occurs before Income is received, the income Is accrued. other Income is recognised In the perlod in whlch It Is recolvablè and lo the extent the goods have been provided or on completion of the servicè. 2.4 Ex enditure Expenditure is recognised once there is a legal or conslruclNe obligation to Iransf&r economic beneflt to a third party. It Is probable that a transfer of economic benefits will be required in selllement and the amount of the obligation can be measured reliably. Expenditure is classified by activity- The costs of each activity are made up of the total of direct costs and shared costs, IncludSng support costs Involved in undertaklng each aclivSty. Direct costs allribulable lo a single activity are allocated dlreclly to that activity. Shared costs which contribute to more than one a¢tivity and support costs which are not atlribulable to a single aclivlty are apportltsned between those acllvities on a basls consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Expenditure on charitable activities is incurred on directly undertaking the activities which further the charitys objectives. a8 W811 as any associated support costs. All expenditure is inclusive of IrcOverable VAT. 2.5 Interest re¢eivable Interest on funds held on deposlt Is Included when receivable and the amount can be measured reliably by the charlty. Ihls Is normally upon notlficatlon of the Interest pald or payable by the insdlution wilh whom the funds are deposlled. 2.6 Taxatio The ¢harily is considered lo pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore It meets Ihe delinllion of a chadlable company for UK corporauon tsx purpos8s. Accordingly, the charity is potenllally 6xempt from taxallon ir¢ respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 258 of the Taxation of Chargeable Gains Act 1992, to the exlenl that such income or gains are applied 6xclusiv@ly lo charitable purposes. Page 17
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (¢onlinued) 2.7 Tan ible fixed asse15 and de reciation Tangible fixed assets costing £200 or more are ¢apilalised and recognised when future economic benefits are probable and the cost or value of the asset can be me8sured reliably. Tangible fixed 8ssets are initially recognised at cost. After recyjgnitlon, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred lo bring a tangible fixed asso1 into Its intended working conotiion should be Included iri the measurement of cost. Depreclation Is charged so as to allocate the cost of tangible fixed assets less Iheir residiial IAolitsa niiar +4tsir tss!im>ttsd useful lilies D8preGi8lion is provided on the following base$'. Long-term leasehold properly Plant and machinèry Flxtures and fillings 2% p.a. straight line or 33 years 10Yo p.a. straight Ilne or 20 years 25% p.a. straight Ilne Included in long-term leasehold properly are solar pane15 which were installed In 2009. 11 was then estlmaled that the useful Ilfe would be 50 years. The useful Ilfe was re-assessed In 2021122 and the trustees have come to the conclusion that the tol81 eslimaled Ilfe is likely to be in the region of 30-35 years. and have therefo assumed a useful life of 33 years. The remaining depreciation has been adjusted accordingly, to reflect the shorter than Ofiginally anllclpated lifespan. Debtors Trade and olher debtors are recognised at th8 settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade discounts due. 2.9 Cash al bank and in hand Cash at bank and In hand includes cash and short-lerm highly Ilquld Inveslments with a short maturity of three months or less from the dale of acquisitlon or opening of the deposit or similar account. 2.1 OLlabilllles and rovision% Llabililies are recognlsed when there is an obligation al the Balance sheet date as a result of a past event, St is probable that a transfer of economic benefit will be required in selllemenl, and the amount of the settlement can be estimated reliably. Llabllllles are recognised at the amount that the charity anticipates it will pay to setue the debt or the amount it has received as advanced payments for the goods or services it musl provide. Page 18
CAXTON HOUSE SETTLEMENT NOTES TO THE FSNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (continued) 2.10Liabililies and rovislons continued Provisions are measured al the best eslimate of the amounts required to settle the oblig3lion. Where the effect of the lime value of money is material, the provlsion Is based on the prgsenl value of those amounts, discounted al the pre-tsx discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the statement of financial activilies as a finance oost. 2.11 Financial instruments The charity only ha8 financial assets and financial liabilities of a klnd that qualify 88 basic financlal Instruments. Basic financial instruments are inltlally recognised at transaction value and Subsequently measured at their settlement valuè with the exception of bank loans which are subsequently m8asured al amortised cost using the effective interest method. 2.12Pensions The charge to the Statement of Financi1 Activities is the amount of cont¥ibutions payable to pension schemes in respect of the accounting year. These contributions are invested separately from the charity's assets. 2.13Cash flow exem tion These accounts do not include a cash flow statemont b6cause the charity, as a small reporting entity, is exempt from the requirement lo produce such a slalement. 2.14Fund accountin General funds are unrestricted funds which ar8 available for use at the discr81ion of the Trustees in furlherance of the gener81 obiectlves of the charity and which have not been designated for other purposes. Designated funds comprise unTestricled funds that have been sel aside by the Trustees for partlcular purposes. The aim and use of each designated fund is set out in the notes to th& financial slatemenls. Re8tricted funds a funds whlch are to be used in accordance wlth specific reslrictlons imposed by donors or which have been raised by the charity for particular purposes. The rr -ministerlng such funds are charged against the speciflc fund. The alm and use of each restricted fvnd is set out In the notes to the financlal statements. Pagè 19
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Critical accounting eslimales and areas of judgment Estlmates and judgments are contlnually evaluated and are b8sed on hlslorical experience and other factors, including expectations of future events that a believed to be asOnable under the circumstsnces. Crltical accounting estimates and assumptlons: The L¥iufiiy ¥iTr(illlial¥?i and assumptions concerning the future. The resulting accounting estimates and assumptions wlll, by definition. seldom equal the related actual results. However, the trustees are of the opinion that there are no estimates and assumplions that have 8 significant risk of causing a material adjustment lo th6 carying amour¢ls of assets and liabilities within the next ffinanclal year. Financial Performance of the Charity Unf8slricted Restricted Funds Funds Total Funds 31 March 31 March 31 Maroh 2024 2024 2024 Income 314,121 86,443 400,564 1271,887) 167,693) 1339,580) Exp8ndilure before depre¢latton 42,234 18,750 60,984 Depreciation adjustment (15,234) 17,702) {22,936} Total 27.000 11,048 38,048 The truste8s regard the re>uIt before depreclallon of a gurplus of £60.984 {2023: surplus vl £70,655) as key to understanding the underlying resulls of the ¢harlty- Page 20
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Income from donations and legaaes rastricled Reslricled funds funds 2024 2024 Total funds 2024 Donations Grants 78,968 50.910 78.968 137,353 86,443 129,878 86,443 216,321 Un- restricted R8slricled funds funds 2023 2023 Total funds 2023 Donations Grants 6,286 45,000 6.286 213.152 168,152 51,286 168,152 219.438 Page 21
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FUR THE YEAR ENDED 31 MARCH 2024 Income from charitable aGlivities restricted funds 2024 Total funds 2024 Income from services provided 179.398 179,398 Un- tricled funds 2023 Total funds 2023 Income from servicès provlded 152,683 152,683 Analysis of expenditure on charilabl@ activities Summa restricted ReslriGted funds funds 2024 2024 Total 2024 Soclal Amenities U-5 Managemont & Administration 284,138 43 2,940 65.572 9,823 349,710 9,866 2,940 287,121 75.395 362,516 Un- restricted Restrided funds funds 2023 2023 Total 2023 Social Amenltles 244,758 59 3,107 65,942 9.057 310,700 9.116 3,107 Management & Administration 247,924 74,999 322.923 Page 22
CAXTON HOUSE SErrLEMENT NOTES TO THE FINANCIAL STATEMENTS UR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditure by activities Activities undertaken direGIIy 2024 Support costs 2024 Total funds 2024 Social Amenities 256,155 9,1M 93,555 722 2,940 349,710 9,866 2,940 Management & Administration 265.299 97.217 362.516 Activities undertaken directly 2023 Support costs 2023 Total funds 2023 Soclal Amenities 242,711 8,448 67,989 668 3,107 310,700 9,111) 3,107 Managem&nt & Administration 251,159 71,764 322,923 Page 23
CAXTON i!OUSE SEThLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysis of expenditurg by activities Icontinuedl Analysis of direct costs Social Amenities 2024 Total funds 2024 U-5 2024 Staff costs Freelancers & Subcontractors Light & Heal Sundry Expenses Computer Staff Welfare & Training Volunteer & Travel Proje¢ls and Evensl 170,671 14.819 30,295 3,731 2,677 2,516 1.130 404 173,348 17,335 31,425 4.135 1,012 714 34,913 295 1.307 714 37,035 2.122 256.155 9,144 265,299 Social Amenities 2023 Total funds 2023 2023 Staff ¢osts Freelancers & Subcontractors Light & Heat Sundry Expenses Computer Staff Welfare & Training Volunteer & Travel Projects & Events 157.236 10,665 26.669 29.217 4,243 161,479 10,695 27,768 29,429 1.099 212 1,300 901 16,723 1,333 901 19,552 2,829 242,711 8,448 251,159 Poge 24
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Analysls of expenditure by activities IconlinuAd) Analysis of supporl costs Manage- ment & Admini- stralion 2024 Social Amenities 2024 Total funds 2024 U-5 2024 Depreoation Rent & Rates Telephone Slalionery Cleaning, Repairs & Maintenance Insurance Subscriptions PhotOCODvlna Sundry Expenses Computer Accountancy & Independent Examination 22,937 1,785 3.176 679 45,904 22,937 1,852 3,294 704 45,904 67 118 25 491 926 573 1,500 1,086 1.811 926 594 1,500 1.086 4,751 21 2.940 93.555 722 2,940 97,217 Manage- ment & Admlnl- strallon 2023 Social Amenities 2023 Totgl funds 2023 2023 Depreciation Rent & Rates Tel8phon8 Slalionery Cleanlng, Repalrs & Maintenance Insurance Subscriptions Photocopying Sundry Expenses Computer Accountancy & Independent Examlnation 18,749 1,603 2.584 710 18,749 1,669 2,691 756 31.617 11,024 539 353 185 672 3,509 107 46 10,588 539 436 13 185 672 587 2,922 67.989 3.107 71,764 Page 25
CAXTON HOUSE SETTLEMENT NOTES TO THE FINAfvilAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Governance costs 2024 2023 Independent examination 2.940 2,922 2,940 2,922 10. Staff costs 2024 2023 Wages and salarles Social security costs Other pension cosls 155,202 15,019 3,127 144,397 14,434 2,648 173,348 161,479 The average number of persons employed by the charity during the year was as follows: 2024 No. 2023 No. Social Amenllles Management and administratlon No employee received remuneratlon amounting to more than £60.000 in eilh6r year. Apart from the trustees, who give their lime freely. key management personnel comprises the Chief Executive and the Flnance & Office Manager. Total remuneration for key management during the year amounted to £108,34412023: £106,999). 11. Trustees, remuneration and expenses During the year, no Trustees received any remuneration or other benefits (2023- £NIL). During the year ended 31 March 2024, no Trustee expenses have been incurred12023 - £NIL). Trustees remuneration does not represent payments for services as Iruslees, but relates to the Iruslee's capacity as a user of the Centre. The charlty's constitution requires that the charity musl have user group representallon on its Management Commltlee. Page 26
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMEwrs FOR THE YEAR ENDED 31 MARCH 2024 12. Tangible fixed assets Long-temi leasehold Plant and Fixtures and propety machlnery fllllngs Total Cos or valuation At 1 April 2023 Addltlons 523,320 131,109 118,834 5,815 780 660,244 119.614 At 31 March 2024 523.320 249,943 6,595 779.858 De Al 1 April 2023 Charge for the year iauvil 457,226 11,056 29,870 10,521 4,130 1,359 491,226 22.936 At 31 March 2024 468,282 40,391 5.489 514,162 Net book value At 31 March 2024 55,038 209,552 1,106 26S,696 At 31 March 2023 66,094 101,239 1.685 169.018 13. Debtors 2024 2023 ue wlthln one Trade debtors Prepayments and accrued income ear 3,007 6.698 4,794 14,691 9,705 19.485 Page 27
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14. Creditors- Amounts falling due within one year 2024 2023 other taxation and social securlty Accruals and deferred income 1.381 23.245 134 28,440 24.626 28,57LI 2024 2023 D8ferr8d Income al 1 April 2023 Resources deferred duTing the year Amountg released from prevlous period8 15.426 27,975 17,351 15,426 (15,426) (27,975) 17,351 15,426 Page 28
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Slalement of funds Slalement of funds- current year Balance al 31 Martiii 2024 Balance al 1 April 2023 Transfers inlout Income Expenditure Unreslricted fun Desi nated funds Cycllcal Maintenance Fund 7.440 {21,531) 34,091 20,000 General funds Genernl Funds 231,144 314,121 (265,590) {34,0911 245,584 Total Unrestricted nd 238,584 314,121 1287,121) 265,584 Restricted fun Solar Panels Kitchen Air Source Heat Pump & Venlilalion System Awards for All Jubllee LBI Local Inltiatlves Fund Stay & Play The King's Coronation Fund Co-op Community Fund Energy Redress TNL Reaching Communlties (Slay Well Live Welll Power Up North London Biffa Award The Postcode Society Trust Wami Rooms Grant for New Boiler 29,493 32,000 11.471) {2,000} 28.022 30,000 64,801 42,500 10,000 14,231) 110.0001 7,500 110.570 5,900 9,823 500 1.151 5.412 15,900) {9,823} {500) {1,1511 15,412) 1,874 (1,874) 7,500 18,750 5,000 17,500) (18.750) (14,283) 9,283 157,544 86,443 175,395> 168,592 ola of funds 396.128 400,564 1362,516) 434,176 Page 29
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEPIIENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of funds (continued} statement of funds- prior year Balance al 31 March 2023 Balan al 1 April 2022 Income Expenditure nrestricted funds Desi nated funds Cyclical Main18nance Fund 22,489 115,049) 7.440 General funds General Funds 256,318 206,678 (231,8521 231,144 lun ri¢ 278,807 206.678 1246.9011 238,584 Restricted funds Solar Panels Kitchen Air Source Heal Pump & Ventilation System Awards for All Jubilee L81 Local Inttlatlves Fund stay & Play 31,041 ?4,000 (1.548) (2,0001 29,493 32,000 67,500 5,000 9,063 3.764 9,115 {2.699) {5.000) (9,063) (3.764) (9,1151 64,801 Co-op Community Fund Energy Redress TNL R8achlng Communits8s {Stay Well LSve Welll Power Up North London Biff8 Award The Postcod8 Society Trust Wami Room5 Grant for New Boiler 4,380 {4,380) 16,163 (16,163) 7,500 25,000 20.667 7,500 18,750 5,000 16,250) (15,667) 1373) 373 65,414 168,152 {76,022} 157,544 Total of funds 344.221 374,830 1322,923) 396,128 Pag& 30
CAXTON HOUSE SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FVR THE YEAR ENDED 31 r¥iARCH 2024 15. Statement of funds {continued} Cycllcal Malntenance Fund The Cycll¢al Malntenance Fund represen19 8 reseNe establlshed In recognlllon of the need lo provide for major expendlture which Is 2nllclpated as a result of the age anif high usage of the building. The Iruslees transfer amounts Inlo the cycllcan malntenance fund on an annual basis, depending on the anticipated expenditure in the following year. Restrlcted Funds Stay & Play Funding to support from the London Borough of Islinglon Earty Yèars budget for our under 5s Slay & Play sessions that run lce a week. Power Up North London Funding awarded to support various food growng and cooklng Initiatlves to ralse awareness of the climate Impacts of food wasle. Awards for All This fund represents fundlng from Awards for All for health & wellbeing sessions. The Cooperatlve Communlty Fund Funding supported a variety of Friends & Fitness health and well-being sessions. Some of the fundlng was for classes that took place online during Covid reslriclions and some was used to bring residents back into the centre for face-tOryfa¢e ¢lasses and social m&elSng$ once restrlclions were lifted. London Borough of Isllngton Local Inltlatlves Fund This total represents two funding awards. The first is for tutor costs to run a weekly genti exerclse class for older residents or those new to exercise. The second Is lo support the costs associaieo wiin tile inree Nillrise Wlnter Festivals that run in December 8ach year al three separate locations (Winter Songs & Carols with Christmas Quiz, Traditional Christmas Fair with Santa, Christmas Crafty Make & Take). TNL Reachlng Communltles (Stay Well Live Well) Funding supports a programme of activities that target health inequalities through partnership worklng. Jubllee This fund, supported by several grant providers. was to provide an arts workshop and celebrations for the Queen's Diamond Jubilee. The King's Coronatlon Fund Funding tr• run a Communlty Evant io celebrale the Klng's Coronation. The P05tcode Society Trust Thi5 funding was for our Lifestyle Tuesday5 programme which includes dance, exercise and crafts, once a week. across a 6-hour period. Warm Rooms This fund, supported by several grant providers, was lo provide warm spaces and hol food and lo contribute lo the associated Increase in healing costs for the Cenlre. Page 31
CAXTON HOUSE SETTI.FMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 15. Statement of funds (conlinuedl Energy Redress Fundlng to support energy advice sesslons, work8hops and dlslribullon of energy savlng small measures. Biffa Award This represents funds due from Biffa Awaru for the Alr Source Heat Pump which have not been capilalised yet. Solar Panels, Klt¢hen, Alr Source H&at Pump & Ventllatlon System and Boller These funds represent fixed assets purchased wlth reslrlcted grants or glven to the Charity wllh a restriction. The fund for th& Air Source Heal Pump & Ventilator System includes a contribution of £42.500 from the London Borough of Isllngion. 16. Analysis of net assets b8ttveen funds Anatysis of net assets b6tW66n funds - currenl pertod Unreslricle Restricted d funds funds 2024 2024 Total funds 2024 Tanglble fixed assets Current assets Creditors due withln one year 110,706 179,504 {24,626) 154,990 13,602 265,696 193.106 (24.626} Total 265.584 168,592 434,176 Analysis of net assets balween funds - prior period Unrestricte Restricted d funds funds 2023 2023 Total nds 2023 Tangible fixed assets Current assets Credltors due withln one year 42,724 224.434 {28,5741 126.294 31,250 169,018 255,684 128,5741 Total 238,584 157,544 396.128 Pagè 32
C.AXTON HOU*E SETTLEMENT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 17. Pension commitments The charlty contributes to individual personal pensions. Contribution5 paid by the charity during the year amounted lo £3,12712023.' £2,648}. 18. Related Party Transactions There were no transacOn$ wllh related partios during the year. 19. Funds Held On Behalf of Third Parties Caxton House Selllement held 8 balance of £12,029 (2023- £19,590) at the year end on behalf of Ellhome Pride, a Big Local residenl-18d initiative in Islington. The balance Is not shown in the financial statements of Caxton Hous8. Page 33