Charity Ré'gistration Number .' 210270
CAXTON HOUSE SETTLEMENT
UNAUDITED
TRUSTEES, REPORT
AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2025

CAXTON HOUSE SETTLEMENT
LEGAL ANI) ADMINISTRATIVE INFORMATION
FOR THE YEAR ENDED 31 MARCH 21125
Trustees
Cllr M Spall (Chair)
M Campbell (Vice-Chair}
S Daley
M Facey
Kurdish & Middle Eastern Women's
Organisation (represented by S Saliml
London Capital Credit Union (represented
by H Baron)
Experience Archery (represented by L
Piltis)
Holdlng Trustees
J Corbyn MP
Cllr M Safi-Ngongo
Jacquline Williams
Charlty Number
210270
Registered Offlce
129 St John's Way
London
N19 3RQ
Chlef Executive
Paul Furze
Bankers
CAF Bank Limited
Kings Hill
Vvesl Malling
ME19 4TA
Kent
Independent Examlner
Kathrin Kendall
Keves & Hitsuji Ltd
Unit A
82 James Carter Road
Mildenhall
IP28 7DE

CAXTON HOUSE SETTLEMENT
CONTENTS
FOR THE YEAR ENDED 31 MARCH 2025
Trustees, Report
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements

CAXTON HOUSE SETTLEMENT
CHAIR'S STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
Over the past yeai, we have continued our work as a vibrant, trusted community hub, with
our building in use seven days a week, late into the evening. We have seen an increase i
local need for our services and activities as residents continue to exparience rising food and
energy costs and ongoing financial pressures. Our programmes and support services cover
a wide range of support, including health, well-being, education, social support and commu-
nity engagement. We currently have 36 projects and services running each week from the
centre, with approximately half of these activities delivered with local partners. Through reg-
ular feedback we ensure our activities and services remains relevant, accessible and re-
sponsive to the realities faced by the Communities we work with. We have also hosted a
wide range of COMM￿nitY and Cost-of-Llving events involving more than 20 organisations
and supported by over 60 volunteers, helping local residents ac￿$$ advice, support, con-
nection 2nd practical asS151ance during another challenging year.
In 2024-2025, we made sigllificant progress in strengthening the suslainabilily and
performance of our building. Building on earlier relrofil phases, we have continued to
enhance insulation, venlilalion and energy efficien￿Y throughoul the centre. The mechanical
ventilation wilh heat recovery systems have helped us maintain improved air quality and
achieve more efficient use of heal, while also reducing operating costs. By monitoring data
within the building, we can record real-time temperature data across offices and community
spaces, allowing us to identify inefficienci8s, verify performance and ensure the building
continues to (Iperale at its highest pot8ntial. This data gathering has helped guide the nexr
phase of our retrofit work.
We are now preparing the next phase of improvements, including plans to install an addi-
tional 120 solar panels to significantly increase our renewable energy generation. We have
also identified a number of radiators that we negd lo upgrade to high-efficiency radiators
designed for low-temperature healing, further reducing our carbon footprint and itnproving
comfort for all building users, These developments form an important parl of our lollg-term
decarbonisalion strategy and reinfor￿ Caxton House's role as a leader in communily-led
suslainabilily within Islinglon.
Financially. Caxton House continues to benefit from a stable and diversified income base.
Our model combines external grants, fundraising, community partnerships arbd revenue
from room and office hire, helping us maintain strong financial health and resilience. The
core grant from Islington Council r8mains an essential foundation, supporting our opera-
tional capacity and enabling us lo continue delivering high-impact services. This balanced
approach prolects us again8t fluctuations in any one income source and ensure that w
remain focusÉ,d on meeting the needs of our community, particularly during a period in whicF,
residents continue to face significant social and economic pressures.

CAXTON HOUSE SETTLEMENT
CHAIR'S STATEMENT (continued}
FOR THE YEAR ENDED 31 MARCH 2025
We remain deeply grateful to all our funders, whose support during 2025 enabled us to
sustasn essential services. Their support has allowed us lo increase our reach, improve our
facilities and continue developing programmes that make a tangible difference to residents,
lives. We also extend our heartfelt thanks to our volunteers, who contribute invaluable time,
energy and expertise and to our partner organisalions across Islington's ne￿ork of Hubs
and centres, wilh particular thanks to Octopus Community Network. Through close collab-
oration, shared learning and coordinated action. we have strengthened our collective ability
to support local people and respond to emerging challenges.
My thanks, as always, go to Paul Furze, Sue Collins and the entire staff team for their ded-
ication, professionalism and tireless commitment lo Caxton House. l also extend my appre-
cialion to all those who deliver projects here, as well as to the Management Committee for
their guidance and support. We ale grateful to our holding trustees, Jeremy Corbyn MP,
Jacqueline Williams and CIIT Michelline Safi-Ngongo, for Iheir continued involvement and to
my fellow Ward Councillors for their ongoing support of our work.
Finally, my thanks go to our independent examiner. Kate Kendall. We have worked with her
for a number of years through her colleague, Jeremy Tyrrell, and look forward to having her
continued support and guidance.
V• 6PrtQU
Marian Spall
Chair of the Management Commiltee
Date 20 January 2026

CAXTON HOUSE SETTLEMENT
TRUSTEES REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Th8 trustees present their annual report and financial slalements for the year ended 31
March 2025.
Ob-ectives and activitles
a. Policles and objectives
The objects of the Charity are to provide social amenities for tho community in the London
Borough of Islinglon.
Caxton House Settleinenl is a well-established community centre that focuses on a range
of Tegeneralion, education and health programmes tackling social exclusion, crime and
housing related issues.
Our aims and objectives are broadly defined as-
1. Providing access to facilities or seNices which would otheNiise be too costly or dif-
ficult for Ioc81 people to obtain.
2. Generating self-developmenl and education opportunities.
3. Organising social groups, advice surgeries and support groups.
4. Collaborating and networking Wlth individuals, the local authority, voluntary organi-
sations and other community projects,
A¢hievem8nts and erformance
. Maln achievements of the charity
Caxton House is a long*sl8blished multi-p(Jrpose Community C8nlre that provides a wide
range of diverse, innovative, highly responsive and communily led seTvices and activities to
the local neighbourhood.
Our primary focus is to lake a leading role in the empowerment of deprived neighbourhoods
and communities, to bring resources and promote cohesion. Our commitment to multiple
grass roots sewice5 is assessed and inflijenced by the unique needs of our diverse com-
munities and the local neighbourhood. WE, have a proven track record in delivering an inno-
valive programme of seTvices and activities aimed at preventing and improving a wide range
of complex local issues including health irbequalities, employability, well-being and access
lo high quality advice.

CAXTON HOUSE SETTLEMENT
TRUSTI=ES REPORT {continued}
FOR THE YEAR ENDED 31 MARC14 2025
We have initiated a wide range of partnerships lo broadp.n the interagency setvice delivery
from our centre and avoid duplicalion to ensure our local communities have access to Ihe
widest possible range of services and activities helping to lackle key issues in the neigh-
bourhood. We place local residenlp al the ￿ntre of provision driven by idenlified local
needs, and through a variety of monitoring, consultation and feedback, are able to ensure
resident engagement in th8 design of all our services and activities.
In the past year. Caxton House has continued to strengthen the growth and development
of our centre. We continue to be established as a strategic focal point for the local neigh-
bourhood and to maximize Qui range of services and activities by conlirbuing to bring in
complementary organizations that have enabled us to continue to diversify the service offer
from our centre, consolidating us as Strategic and practical neighbourhood partner and
opening up opportunities for more diveise funding efforts.
Among our achievements are..
Strenglheriing of local democracy ond resident engagement through the Hillrise
Ward Partnership
We continue to be considered an example of Best Practice with regard to Commu-
nity Engagement and the effective use of space within the cenlre.
We have conlinued to work in partnership with Hillside Clubhouse, providing volun-
teering and training opportunities for adulls with mental health issues.
We have Continued lo develop, manage and deliver a range of health and well-being
projects which have addressed social isolation.
We have expanded the opportunity for access lo good quality health activities which
are free or low cost, helping to tackle health inequalities, improve physical fitness
and improve menlal health and welpbeing.
We continue lo work on thematic partnerships with additional collaboratiorbs that
bring in new resources, skills and join up seNices locally
We continue in our role as the Locally Trusted Organisation for a long-term resident-
led inilialive.
We have continued with our gardenir)g and food growing projeGls, with additional
outdoor Iherapeulic crafts added to our delivery programme.
We have continued to work with Good Gym who Slipporl our centre with gardening
and grounds maintenance.
We have restarted our corporate volunteering programme, which has supported the
centre with refurbishment and upkeep of our external areas and garden.

CAXTON HOUSE SE'fTLEMENT
TRUSTLES REPORT Icontinuedl
FOR THE YEAR ENDED 31 MARCH 2025
We have continued the work to decarbonising and retrofitting our building. Following
on from our previous decarbonization and retrofit work, that included replacing ex-
ternal windows and skylights with energy efficient triple glazed ones, draft proofing
doors, and installing an air source heal pump and mechanical ventilation with heat
recovery units, we are now starting work on the next phase of this work to include
an additional 120 solar panels and optimizing our air source heat putnp which will
support significant additional carbon and financial savings
Our decarbonizalion project has positioned us as a recognised leader in community-
led decarbonisation. We are now regularly approached by organisalions keen to
learn from our experien￿, and we host workshops, tours and Q&A sessions for
community energy groups. funders and policymakers. Recent visitors have included
representatives from Community Energy London, Charity 8ank, Social Investrnenl
Business, Big Issue Invest. Power to Change, DCMS {Departmont for Digital, Cul-
ture, Media & Sporll, DESNZ {Dep2rtment for Energy Security & Nel Zero), Reso-
nance. Access Foundation, Better Society Capital and Locality. These visits foster
knowledge exchange and encourage replicalion of our model elsewhere.
This programme also supports education and youth engagemenl, and we have
hosted retrofit woikshops for young people beginning apprenticeships in the green
indLJslrie5 in partnership with Repowering and KLH Sustainability
Our website and sooial media continue to be an important way of communicating with resi-
dents. Our You Tube channel has step-by-step guides to a variety of crafts and cooking
sessions and these continue lo be well received with one video reaching in excess of 38,000
views. We have a range of VVhalsApp groups for a variety of activities and these continue
lo be 8 popular way of people keeping in touch and sharing stories and pictures.
We continue lo offer a range of support we provide to smaller local groups, this includes
assisting with financial managemenl, provision of volunteers. marketing and publicity, admin
and fundraising. We have also provided discounted and free hire space to a range of local
groups and organisations. Through the charily In Kind Direct we receive and distribute free
goods and equipment lo other groups and organisations. This has enabled Caxton House
and the groups we support to make significant budget savings on core costs which can then
be redirected into additional projects and services for local communities.
We carry out regular monitoring and feedback sessions wilh beneficiaries which clearly
demonstrate the positive iinpaGt our projects and activities have with reliards to iinproved
fitness 2nd mobility, weight loss, increased sense of wellbeing and improved self-
confidence. These surveys provide an opportunity for local residents lo inform the design of
additional services and activities.

CAXTON HOUSE SETTLEMENT
TRUSTEES REPORT {¢ontinued)
FOR THE YEAR ENDED 31 MARCH 2025
b. Fundraising activities and income generatlon
We aim to provide a secure and sustainable funding base for Caxton House's strategic
development plans. The strategy aims to integrate fundraising ar,d resource mobilisation as
part of Caxton House's slralegic priorities.
Our objectives..
To embed fundraising as a key function within Caxton House and develop expertise
and skills in fLJndraising within the Management Committee, staff and volunteers.
To seek out and secure wider collaboiations with mutually beneficial Third Sector
organisalions and Islington Council, to join-up and grow the impact of seNices and
activities locally.
To strengthen the fundraising collaboration between Caxton House, Islingtor) Coun-
cil and other mombers of the voluntary s8ctor to develop partnership programmes
of local activities and services.
To collaborate on joinl-fundraising projects thal are community-led, exciting, innova-
tive and are underpinned by quality.
Financial revlew
. Going concern
After making appropriate enquiries within the charity, the Truslees have a reasonable ex-
peclation that the charity has adequate resources to continue in operational existenGe for
the foreseeable future. For this reason, they continue to adopt the going concern basis in
preparing the financial slalements. Further details regarding the adoption of the going con-
cern basis can be found in the accounting policies.
In the year to 31 March 2025, Ihere was an overall deficit of £4,703 (2024.. surplus of
£38,0471- The Trustees consider this a satisfactory resull.
Caxton House continues to be a going concern as we have a number of funded projects
and are in the process of developing additional services that will span several years. along
with reserves that will allow us to continue to deliver our services.
Our Management Committee will continue lo meet regularly to review our financial position
and where necessary, make prudent adjustments to expenditure and reduce costs

CAXTON HOUSE SETTLEMENT
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 31 MARCH 2025
b. Reserves policy
To avoid closure if funding difficulties were lo 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 set period of time of not less than 3 monlhs, or should the centre face closure, appro.
priate reserves will be in place lo cover necessary costs.
Trustees will aim to have in place reserves to cover all or some of the following..
That staff can continue working, primarily lo secure new funding.
That the organisation is able to operate, running activities and services for the com-
munily for a set period of time of not less Ihan 3 months. For this purpose. the charity
aims to hold unrestricted reserves of no less than 3 months, these unrestricted re-
serves exclude balances relating to fixed assets,
To meet unexpected costs e.g. urgent repairs and staffing costs.
c. Financial risk management objectives and policies
Caxton House continues to operate financial managemenl policies on the basis of fund ac-
cour)ting, as described in section 1 of Ihe notes to the financial statements.
d, Princtpal funding
The main funder of the charity during the year to 31 March 2025 was Cadent Gas, contrib-
uting £46,200 (2024-. London Borough of Islington, contributing £105,257). In total, 23 /u
12024.. 54'/0) of the charity's income was received from funders Ihrough grants and dona-
tions.
Structure
overnance and mana
ement
a. Constitution
Caxton House Settlement is a registered charity, number 210270, and is constituted under
a Trust deed dated 27
eptember 1974.
b. Methods of appolnthnent or election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-
opted under the terms of the Tns51 deed.

CAXTON HOUSE SETTLEMENT
TRUSTEES REPORT {continuedl
FOR THE YEAII ENDED 31 MARCH 2025
Organisational structure and decision-making policles
The management of the charity is the responsibility of the Trustees who are elected and co-
opted under th&. terms of the Trust deed.
The Charity is managed by a Management Committee elected by the membership at the
Annual General Meeting whose members during the year are set out below.
M. Spall- Chair and Hon. Secretary
M. Campbell -Vice-Chair and Hon, Treasurer
M. Facey
H. Baron
S. Daley
L Pittis
S. Salim
The Managemènt Committee met four times during Ihe year (including virtually).
d. Financial risk management
The Trustees have assessed the major risks to which the charity is exposed, in particular
those related to Ihe operations and finances of the charity and are satlsfled that systems
and procedures are in place to mitigate exposure to the major risks.
Caxton House continues to operate financial management policies on the basis of fund ac-
counting, as described in section 1 of the note5 to the financial slalemenls.
Plans for future
eriods
We will continue to promote Caxton House as a multi-purpose community ￿ntre and Neigh-
bourhood Partner within the local community.
A key aim is lo continue to work collaboratively to deliver services that we know work and
will address fairness and poverty priorities so that we can reach more people among all
generations in our neighbourhoods.
We will continue to develop our communily centre as a vibrant and effective community
anchor
Enabling us and complementary partners to collaborale effectively
Sharing and encouraging best practice through information sharing
Ensuring we continue to best serve our communities
10

CAXTON HOUSE SETTLEMENT
TRUSTEES REPORT (continued)
FOR THE YEAR ENDED 31 IWARCH 2025
Championing community action on local fnrums and with key decisigD making bod-
ies
Continue to work towards becoming sustainable and resourceful by seeking out new
sources of funding to .."timulate and sustain collaborative working
Piloting new forms of incoma generation and resource sharing
To do this we have set ourselves a number of Key Strategic Objectives:
To enhance our Quality and Sustainability Frameworks by identifying best practi
with a view to continuing to develop a strong, enterprising and listening multi-pur-
pose community celllfe.
To work collaboratively and in partnership with others to develop, nurture and main-
tain highly effective ward partnerships, in support of Islinglon Council's vision for
localism, cohesive communities and fairness.
To develop and deliver a portfolio of innovative, highly responsive and ¢ommuriily
led projects, activities and commurlily events that respond lo Ihe aulhentic voices of
local communities in order to help neighbourhoods take ownership of improving
community cohesion and wellbeing.
To contribute to tackling poverty, including child poverty and vulnerable older people,
through accessible informal lifelong learning spaces, by delivering a programme of
community-based learning provision to engage, enable, inspire, empower and sup-
port,
To develop an effective community support r)etwork that will mobilize isolated and
disengaged communities and engage new user groups through widening participa-
tion inilialives and growing the number of diverse and fun recrealional activities
within Caxton House.
To foster opportunities to explore volunteering and social enterprise solutions to lo-
cal service provision gaps and social cohesion issues.
To build stronger links with businesses to bring a different dimension to the wide
variety of volunteering opportunities currently offered, maximise resource Lrtilisation
and embrace corporate social responsibility.
To significantly increase the connectivity of Caxton House with complemenlaiy Third
Sector Organisations, Islington Council and private business (where appropriatel to
maximise potential for developing new services and activities and attract new
funding to the Borough.
Continue developing our fundraising strategy for Caxton House beyond statutory
funding to include corporate and private sponsorship, Fundraising as a key function
will continLJe lo be embedded across all our services to provide a foundation for a
sustainable funding base helping to ensure thal our mission, vision and strategic
development plans are mel.

C.'AXTON HOUSE SETTLEMENT
TRUSTEES REPORT l¢ontinuedl
FOR THE YEAR ENDED 31 MARCH 2025
Continue our commitment to supporling London Borough of Islinglon in its aim to
tackle the climate emergency by achieving a net zero carbortr Islington by 2030
through our decarbonisation work
Our vision and definition of success is lo see Caxton House continue to develop as a focal
point leader for the local neighbourhood.. creating innovative ways to bring resources to and
empower individuals and communities,. work in partnership and play an active role in the
empowerment and cohesion of neighbourhoods and communities.. work collaboratively and
conlillue lo offer a wide range of high quality facilities, activities and services that are resi-
denl ￿nt[ed and accessible to all.
Funds held as Custodian
Caxton House sett￿ment holds funds on behalf of Ellhorne Pride, a Big Local resident-led
initiative in Islington. Details are included in Note 16 to thè accounts.
This reporl was approved by th8 trustees and signed on its behalf by..
M Campbell
Trustee
Date .' 20 January 2026
12

CAXTON HOUSE SETTLEMENT
INDEPENDENT EXAMINER'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Independent Examinerfs Report to the Trustees of Caxton House Settlement {'the
charity,)
I report to the charity Trustees on my examination of the accounts of the charity for the year
ended 31 March 2025.
Responsibilities and Basis of Report
As the Trustees of the charity you are responsible for the preparation of the accounts in
accordance with the requirements of the Charities Act 20111'lhe 2011 Acy).
I report in respect Df my examination of the charity's accounts carried out under section 145
of the 2011 Act and in carrying out my examination I have followed the applicable Directions
given by the Charity Commission under section 14515}{b) of the 2011 Act.
Independent Examlner's Statement
sin￿ the charity's gross income exceeded f250.000 yourexaminer must ￿ a member ofa
body listed in section 145 of the 2011 Act. I confirm Ihat l am qualified to undertake Ihe
examination because l am a member of the Association of Chartered Certified Accountants,
which is one of the listed bodies.
Your attention is drawn to the fact that the charity has prepared the accounts in accordance
with Accounting and Reporting by Charities.. Statement of Recommended Practice applica-
ble lo charities preparing their accounts in accordance with the Financial Reporting Stand-
ard applicable in the UK and RepubliG of Ireland IFRS 102} in preference to the Accounting
and Reporting by Charities.. Slalemenl of Recommended Practice issued on 1 April 2005
which is referred lo in the extant regulations but has been withdrawn.
l understand that this has been done in order for the accounts lo provide a true and fair view
in accordance with the Generally Accepted Accountlng Praclice effective for reporting peri-
ods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my altention in
connection with Ihe examination glving me cause to believe Ihal in any material respect..
accounting records were not kept in respect of the charity as required by section
130 of the 2011 Act., or
2. the accounts do not accord wilh ￿ose records., or
3. the accounts do not comply with the applicable requirements concerning the form
alld conlenl of accounts sel out in the Charities (Accounts and Reports) Regulations
2008 other than any iequirement that the accounts give a 'lrue and fail view which
Is not a matter considered as part of an independent examination.
13

CAXTON HOUSE SETTLEW ENT
INDEPENDENT EXAMINER'S REPORT {continued}
FOR THE YEAR ENDED 31 MARCH 2025
I have no concerns and have come across no other matters in connection with Ihe exami-
nation to which attention should be drawn in this report in order lo enable a proper under-
standir7g of the accounts lo be reached.
This report is made solely to the charity's Trustees, as a body, in accordance with Part 4 of
the Charities {Accounls and Reports) Regulations 2008. My work has been undertaken so
that I might state to the charity's Trustees those matters l am required to state to them in an
Independent examine¢s report and for no other purpose. To the fullest extent permilled by
law, I do not accept or assume responsibility to anyone other than Ihe charity and the char-
ity's Trustees as a body, for my work 01 for this report.
Name.. Kathrin Kendall
Date.. 20 January 2026
14

CAXTON HOUSE SETTLEMENT
STATEMENT OF FINANCIAL ACTIVITIES
FOR T14E YEAR ENDED 31 MARCH 2025
Total
Funds
2025
Total
Funds
2024
Notes
Unrestrlcted Restricted
funds
funds
Income and
endowments from:
Donations and lega-
cies
1,570
83,767
85,337
216,321
Charitable activities
283,816
283,816
179.398
Other
4,992
4.992
4.845
Total
290,378
83,767
374,145
400,564
Expenditure on:
Charitable activities
286,788
92,060
378,848
362,517
Total
286,788
92,060
378.848
362,517
Net in-
comellexpendlturel
3,590
18,2931
{4.7031
38,047
Net movement in
funds
3,590
(8,2931
{4,7031
38.047
Reconclliation of
funds:
Total funds broughl
fonmaid
265,584
168,593
434,177
396,130
Total funds carrled
forward
269,174
160,300
429,474
434,177
The Stalemenl of Financial Activities includes all gaills and losses recognised in the year.
15

CAXTON HOUSE SETTLEMENT
BALANCE SHEET
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted
funds
Restricted Total Funds Total Funds
funds
2025
2024
Notes
Fixed assets
Tangible assets
96.376
160,300
256,676
265,697
Total flxed as-
sets
96,376
160,300
256,676
265,697
Current assets
Debtors
12,823
12,823
9,705
Cash al bank and
in hand
10
186,631
186,631
183,401
Total current as-
sets
199.454
199,454
193,106
Creditors..
amounts falling
due wilhin one
year
26,656
26,656
24,626
Net current as-
setsl(liabilitles)
172,798
172.798
168,480
Total net assets
269,174
160,300
429,474
434,177
Funds of the
Charity
Unrestricted funds
12
269,174
269,174
265,584
Restricted funds
12
160,300
160,300
168,593
Total funds
269,174
160,300
429.474
434,177
The financial slatements were approved by the trustees on 20 January 2026 and signed
on its behalf by-
M Campbell (Trusteel

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARC14 2025
1. Accountlng Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity,
in the preparation of.the accounts are as follows.
1.1 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified
by the inclusion of charitable properties and fixed asset investments and Investment
properties at valuation.
These accounts have been prepared in accordance with "Accounting and Reporting
by Charities.. Statement of Recommended Practice applicable to charities preparing
their accounts accordance with the Financial Reporting Standard applicable in the
UK and Republic of Ireland IFRS 102)" (effective 1 January 2019) - (Charities SORP
{FRS 102)), the Financial Reporting Slandard applicable in the UK and Republic of
Ireland {FRS 102) and the Charities Act 2011.
The financial slatements have been prepared to give a 'lrue and fair, view and have
departed from the Charities (Accounts and Reports) Regulations 2008 only to the ex-
tent required to provide a 'true and fairf view. This departure has involved following
the Charities SORP {FRS 102) published ill October 2019, rather than the Accounting
and Reporting by Charities: Statement of Recommended Practice effective from 1
April 2005, which has since been withdrawn.
Caxton House Settlement meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognized at historical cost or transaction value
unless otherwise slated in the relevant accounting policy.
These accounts are presented In pounds sterling and rounded lo the nearest pound.
1.2 Going concern
The Trustees have prepared financial projection8, taking into consideration the current
economic conditions and have, at the time of approving these accounts, a reasonable
expectalion that the charity has adequate resources to continue in operational exist-
ence for the foreseeable future. Thus they continue lo adopt the going concern basis
of accounting in preparing the accounts.
1.3 Income from donations or grants
Income from donations and grants is recognised when the charity is entitled lo th6
funds. the receipt is probable and the amount can be measured reliably. For donations,
this is usually on receipt.
17

CAXT(IN HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR T14E YEAR ENDED 31 MARCH 2025
Grants are included in the Statement of Financial Activities on a receivable basis. The
balance of income received for specific purposes, bul not expended cluring Ihe period,
is shown in the relevant funds on the Balance Sheet. Where income is received in
advance of enlttlemènt, its recognition is deferred and included in creditors as deferred
income. Where enlillement occurs before income is received, the income is accrued.
1.4 Income from charitable activities
Income from charitable activities is recognised over the period to which the income
relates. Rent is recognised over the period to which it relates. Any amounts relating
lo future periods are deferred.
1.5 Investment Income
Interest on funds held on d8posIt is included when receivable and the amount can be
measured reliably by the charity,. this is normally upon notification of the interest paid
or payable by the irkstitution with whom the funds are deposited.
1.6 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer
economic benefit lo a third party, il is probable Ihat 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, including support costs involved in undertaking each
activity.
Direct ¢osts attributable lo a single activity are allocated directly to that activity.
Shared costs which contribute to more than one activity and support costs which are
not allributable to a single activity are apportioned between those activities on a basis
consistent with the use of resources.
Central staff costs are allocated on the basis of time spenl, and depreciation charges
allocated on the portion of the asset's use.
Expenditure on charitable aclivities is incurred on directly undertal",ing the activities
which further the charity's objectives, as well as any associated supporl cost8.
All expenditure is inclusive of irrecoverable VAT.
18

CAXTON HOUSE SE;.TTLEMENT
NOTES TO THE FINANCIAL STAI'EMENTS Icontlnuedl
FOR THE YEAR ENDED 31 MARCH 2025
1.7 Penslons
The charge lo the Stalement of Financial Activities Is the amount of conlributions pay-
able lo pension schemes in respect of the accounting yeai. These contributions are
invested separalely from the charity's assets.
1.8 Taxation
The charity is considered to pass the tests set out in Paragraph 1, Schedule 6 of the
Finance Act 2010 and therefore il meets the definition of a charitable enlity fDr UK tax
purposes. Accordingly, the charity is potenlially exempl from laxalion in respect of
income or capital gains received within categories covered by Chapter 3, Part 11, of
the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act
1992, to the extent that such income 01 gains are applied exclusively to charitable
purposes.
1.9 Creditors
Liabllities are recognised when there is an obligation at the Balance Sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required
in settlement and the amount of the settlemerkl can be eslimaled reliably.
Liabilities are recognised at the amount that the charity anlicipales it will pay lo settle
the debt or the amount it has received as advanced payments for the services it must
provide.
Provisions are measured al the best estimate of the amounts required to sellle the
obligation. Where the effect of the time value of money is material, the provision is
based on the present value of thos8 amounts, discoullled al the pre-tax discount rate
that reflects the risks specific lo the liability. The unwinding of the discount is recog-
nised in the Statement of Financial Activities as a finance cost.
1.10 Financlal instruments
The charity only has financial assets and financial liabilities of a kind that qualify as
basic financial instruments. Basic financial instruments are initially recognised at trans-
action value and subsequently measured at their selllement Value with the exception
of bank loans which are subsequently measured al amortised cost using the effective
inlerf.,st method.
1.11 Fund accounting
Unrestricted funds are those funds which are available for use at the discretion of the
Trustees in furtherance of the general objectives of the charity and which have not
been designated for other purposes.
19

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS Icoiltinuedl
FOR THE YEAR ENDED 31 MARCH 2025
Restricted funds cire funds which are to be used in accordance with specific restrictions
imposed by donors or which have been raised by the charity foi particular purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trus-
tees for particular purposes, The aim and use of eaoh designated fund is set out in
the notes lo the financial slatemenls.
1.12 Critical a¢¢ounting estimates and judgements
In the applicalion of the charity's accounting policies, the Trustees are reqLJired lo
ake judgements, eslimales and assumptions about the carrying amount of assets
and liabililies that are not readily apparent from other sources. The estimates and as-
socialed assumptions are based on historical experienGe and other factors that are
considered to be relevant. Actual results may differ from these estimates.
The eslimales and underlying assumptions are reviewed on an ongoing basis. Revi-
sions to accounting estimates are recognised in the period in which the estimate is
revised, if the revision affects only that period, or in the period of the revision and future
periods if the revision affects both current and future periods.
There are no estimates and assumptlons which have a signrficant risk of causing a
material adjustment to the carrying amount of assets and liabilllies.
1.13 Tangible flxed assets
Tangible fixed assets costing £200 or more are capilalised and recognised when fu-
ture economic benefits are probable and the cost or the value of the asset can be
measured reliably.
Tangible fixed assets are initially recognised at cost, After recognition, under the cost
model, tangible fixed assels are measured al cost less accumulated depreciation and
any accumulaled impairment losses. All costs incurred to bring a tangible fixed asset
into its inter)ded working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their
residual value over Iheir estimated useful lives on the following ba515'.
Long-term leaseholil property
Plant and machinery
Fixtures and fittings
20/0 per annum straight line or 33 years
10 % per annum straight line or 20 years
25Q/o per annum slraight line
20

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR THE YEAF. ENDED 31 MARCH 2025
Included in long term leasehold property are solar panels whieh were installed in
2009. It was then estimated that the useful life would be 50 years. The useful life was
ie-assessed in 2021122 and the Iruslees have come to the conclusion that the total
estimated lifuJ is likely to be in the region of 30-35 years. they have therefore assumed
a useful life of 33 years. The remaining depreciation has Iherefore been adjusted
accordingly, lo reflect the shorter Ihan originally anticipated lifespan.
1.14 Debtors
Trade and other debtors are recognised al the settlement amount after any trade dis-
count offered. Prepayments are valued at the amount prepaid net of any trade dis-
counts due.
4.15 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with
a short malurity of three monlhs or less from the date of acquisition or opening of the
deposit or similar account.
1.16 Cash Flow Exemption
These accounts do not include a cash flow stalement because the charily, as a small
reporting entity, is exempl from the requirement lo produce such a statement.
2. Income from Donations and Legacies
Unrestricted
funds
Restricted
funds
Total funds
2025
Total funds
2024
Donation
Grants
1,570
500
83,267
83,767
2,070
83,267
85,337
78,968
137,353
216,321
Total
1.570
In 2024, all income from donations and gifts represented unrestricted income and of the
grants received, £86,443 represented restricted gTanls.
21

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS {contlnuedl
FOR THE YEAR ENDED 31 IAARCH 2025
3. Income from Charitable Activlties
Unrestricted funds
Total funds 2025
Total funds 2024
Provision
of ser-
vices
283,816
283,816
179,398
Total
283,816
283,816
179.398
In 2024, all income from charitable activities was unreslricled.
4. Other Income
Unrestricted funds
Total funds 2025
Total funds 2024
other
4,992
4,992
4,992
4,992
4,845
4,845
Total
In 2024, all other income was unrestricted.
22

CIIXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR THE YEAR ENDED 31 MARCH 2025
6. Expenditure on Charitable Activities
Unrestrlcted
funds
Analysis
Restricted
funds
Total funds
2025
Total funds
2024
Wages and
salaries
Freelancers &
Subcontractors
Light & Heat
Sundry Ex-
penses
Staff welfare &
training
Volunteer &
Travel
Projects
128,102
55,444
183,546
173.348
17,308
3,306
20,614
17.335
38.772
1,223
39,995
31,425
3,533
5,362
8,895
4,135
557
18
575
1,307
1,177
1,177
714
17,681
14,723
32,404
37,035
Total
207.130
80,076
287,206
266.299
Support Cosls
79,658
11,984
91,642
97.218
286,788
92,060
378,848
362,617
Soclal
Amenities
Management
& Admin
2025
Total
2025
2025
2025
Direct costs
Support Costs
272,426
88,882
14,781
760
287,206
91,642
2,000
Total
361,308
15,541
2,000
378.848
Social
Amenities
2024
Management
& Admin
2024
Total
2024
2024
Direct
Support Costs
Total
256,155
93,555
362.517
9,144
722
285,299
97,218
362.517
2,940
2,940
9.866
23

CAXTON HOUiiE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS {continuedl
FOR THE YEAII ENDED 31 MARCH 2025
6. Support Costs
Total funds 2025
Total funds 2024
Analysis
Support Costs
Depreciation
Rent & Rates
Telephone
stationery
Cleaning, Repairs & Maintenance
Irbsurance
Subscriptions
Photocopyirlg
Sundry Expènses
Computer
22.624
1,984
5,381
948
40,526
13,479
1,261
690
93
1,627
22,937
1,852
3.294
704
45,904
13,669
926
594
1,500
1,086
Governance Costs
Independent examiners fees
Accounlanls fees
2,000
1,029
91,642
4,752
97,218
7. EThployee's Emoluments
7.1 Staff Costs
This year
Last year
Salaries and wages
Social security costs
Pension costs (defined contribulion schetnel
Ot.'iei employee benefits
Total staff costs
169,578
15,880
3118
155,202
15.019
3,127
188,546
.173,348
No employees received employee benefits (excluding employer pension costs) for the
reporting period of more than £60,000.
24

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS {continued}
FOR THE YEAR ENDED 31 IthARCH 2025
This year
Last year
Key management remuneration (Chief Executive,
Finance & offi￿ Manager, Trustees)
105,562
108,344
7.2 Average head count In the year
This year
Last year
Social Amenities
Governance
Total
8. Tanglble Flxed Assets
other Land & Plant & Machln-
Buildings
ery
Fixtures & Fit-
tings
8.1 Cost or valuatlon
At 01 April 2024
523,320
249,943
6,596
Additions
13.604
At 31 March 2025
523,320
263,547
6,596
8.2 Depreciation and Impalrments
At 01 April 2024
468.284
40,390
5.489
Charge for the year
11,057
11.111
456
At 31 March 202.-
479,341
51,501
5,945
8.3 Net book value
At 01 April 2024
55,036
209,553
1,107
At 31 March 2025
43,979
212,046
651
25

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
FOR THI- YEAR ENDED 31 MARCH 2025
9. Debtors: Amounts falling due after one year
Total funds 2025
Total funds 2024
Trade debtors
Prepayments & accrued income
Total
6,139
6,684
12,823
3,007
6.698
9,705
10. Cash at bank and In hand
Total funds 2025
Total funds 2024
Cash al bank and in hand
186,631
186,631
183,401
183,401
Total
11. Credltors: Amounts falling due within one year
Totsl funds 2025
Total funds 2024
Accruals and deferred income
Taxation and social security
Totsl
23.822
2.834
26,656
23,245
1,381
24.626
26

CAXTON HOUSE SEThLEMENT
NOTES TO THE FINANCIAL STATEMENTS (continued)
FOR THE YEAR ENDED 31 MARCH 2025
12. Charity funds
Details of material funds held and movements during the CURRENT reporting periDd
At 1
At31
April Income Expenditure Transfers
March
2024
2025
Fund names
Unrestrlcted funds
General Fund
Cyclical Maintenance
Fund
Restricted income
funds
Cripplegate Community
Fund
LB of Islinglon Creative
Communities
Cadent Gas
LB of Islington Stay &
Play
The Co-operative Com-
munily Fund
LB of Islington Local Initi-
atives Fund
Warm Rooms
Solar Panels
Funding for Kitchen
Air Source Heat Pump
Energy Redress
245,584 290,378
268,487 {20.000} 247,475
18,301
20,000
21.699
20.000
500
500
800
800
46,200
46,200
10,324
10,324
1,785
1,785
6.000
6,000
5,000
28,023
30,0(K)
110,570
1,471
2,000
4,822
13,158
26,552
28,000
105,748
13,158
Total
434,177 374,145
378.848
429.474
Restrlcted Funds
Cripplegate Community Fund
This funding supported a Street Art Festival organised by a local resident, supported
by Caxton House.
LB of Islington Creative Communities
This funding supported our'M2rch Makes, creative campaign, teaching a different craft
each week throughoLJt the month of March.
27

CAXTON HOUSE SETTLEMENT
NOTES I O THE FINANCIAL STATEMENTS {¢ontlnued}
FOR THE YEAR ENDED 31 MARCH 2025
Cadent Gas
This funding SLAPPOrted a two-yeai programme of energy saving advice, quizzes and
workshops, Carbon Monoxide advice and distributior) of alarms, slow cooker cooking
classes and distribution of slow cuokers and community events and stalls, supporting
residents with a wide range of energy saving information, advice, referrals and sup-
port.
LB of Islington Stay & Play
Funding from the London Borough of Islinglon Early Years Btjdget for our under 5's
Stay & Play sessions that run twice a week.
The Co-operative Community Fund
This funding supported our food growing gardening sessions and family cooking clas-
ses.
LB of Islington Local Inltiatives Fund
This funding is lor tutor costs to run a weekly gentle exercise class for older residents
or those new to exercise. ID 2023124 it also included support in respect of the costs
asthocialed with the three Hillrise Winter Festiva15 that run in December each year al
three separate locations (Winter Songs & Carols with Christmas Quiz. Traditional
Chrislwas Fair with Santa. Christmas Craty Make & Take}.
Warm Rooms
Funding to support part of the costs for the work being carried out aspart of our warm
SP2ces initiative. supporting residents across the winter monlhs with access to warm
spaces, equipment and food. This was supported by several grant providers in the
past, bul was solely sponsored by the LB of Islinglon in 2024125.
Energy Redress
This funding supported our energy advice services for vulnerable residents in Islington
through weekly 1..1 sessions, giving advice on ways lo save both on energy consump-
tion and costs through behaviour changes, energy saving measures, alternative tariffs
and accessing available discounts and services. The funding also allowed us to dis-
tribute small energy saving measures and raise awareness of additional support
schemes and referral opporlunilies.
The Postcode Soclety Trust
This funding was for our Lifestyle Tuesdays programmE which includes some dance,
exercise and crafts, once a week, across a 6-hour perio.J.
Awards for All
This fund represents funding from Awards for All for health and wellbeing sessions.
Blffa Award
This represented funds due from Biffa for the Air Source Hèat Pump which had not
been capilalised yet.
28

CAXTOTrI HOUSE SETTLEMENT
NOTES TO THE FINAIqCIAL STATEMENTS Icontlnued)
FOR THL YEAR ENDED 31 MAFICH 2025
Solar Panels. Kitchen, Air Source Heat Pump & Ventilation System and Boiler
These funds represent fixed assets PLJrchased with restricted grants or given lo the
charity with a restriction. The fund for the Air Source Heal Pump & Ventilation Syste
includes a contribution of £42.500 from the London Borough of Islinglon.
nated Funds
The Cyclical Maintenance Fund represents a reserve established in recognition of the
need to provide for major expenditure which is anticipated as a result of the age and
high usage of the building. The Iruslees transfer amounts into the Cyclical Mainta-
nance Fund on an annual basis, depending on the anticipated expenditure in the fol-
lowing year.
Details of material funds held and movements during the PREVIOUS reporting period
At 1 April
At 31 March
2024
2025
Fund names
Income Expendlture Transfers
Unrestricted funds
General Fund
Cyclical Maintenan
Fund
Re5trlcted Income
funds
LB of Islington Stay &
Play
Awards for All
The Co-operative
Community Fund
LB of Islington Local
Initiatives Fund
Biffa Award
The Postcode Society
Warim Rooms
Solar Panels
Funding for Kitchen
Air Source Heal Pump
Power Up Notth Lon-
don
King's Coronation
Energy Redress
231,145 314,121
285,591 134,091)
245,584
7,440
21,531
34,091
20,000
9,823
9,823
10,000
10,000
1,151
5,900
5,900
7,500
18.750
5,000
29.494
32,000
64,801
(7,500)
18,750
14,283
1,471
2,000
4,231
9,283
28,023
30.000
110,570
42,500
7,50(
1.874
1,874
500
5.412
500
5,412
Total
396,130 400,564
362.517
434,177
29

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STATE.MENTS Icontinuedl
FOFi THE YEAR END&D 31 MARCH 2025
13. Transactlons with trustees and related parties
13.1 Trustee remuneration and benefits
During the current and preceding yeai, no trustees received any remuneration or other
benefits for their seTvice as truslees.
13.2 Trustees, expenses
During the current and preceding year, no trustees, expenses have been incurred.
13.3 Transactionls) with related partle$
The charity's constitution requires that the charity must have user group representation
on its Management Committee. The following tiansactions took pla￿ with user groups
(in their cap2Clty as users of the centrel..
Name of the
trustee or re-
lated party
Descrlptlon
of the trans-
actionls)
Balance
Balance
Amount
at 31 Amount
at31
2025 March
2024 March
2025
2024
Relatlonshlp
to Charity
Exp8rience Ar-
chery (via Le-
ander Pittis)
Trustee-
Payment to
User Group the charily
Repre-
for the use of
senlalive
the centre
17,111
2,001 16,555
London Capital
Credit Union (via
H Baron)
Truslee-
Payment to
User Group the charity
Repre-
for the use of
senlalive
the centre
47,930
47,109
Kurdish &
Middle Eastern
Women's
Organisalion
{via S Saliml
Trustee-
Payment to
User Group the charity
Repre-
for the use of
sentative
the centre
28,797
20,500
30

CAXTON HOUSE SETTLEMENT
NOTES TO THE FINANCIAL STAT&MENTS (continued}
FOR THE YEAR ENOED 31 MARCH 2025
14. Financial Performance of the Charity
Unrestricted
Restricted
Total
Funds
Funds
Funds31
31 March 2025 31 March 2025 March 2025
Income
Expenditure before depreciation
290,378
{272,4571
83,767
374.145
{83,7671 (356,224)
17.921
17,921
Depreciation adjustment
{14.331)
(8,2931
(22,936}
Total
3,590
18,2931
14,703)
The trustees regard the result before depreciation of a surplus of £17,921 {2024', £60,984)
as key lo understanding the underlying r8sulls of the charity,
16. Pension Commitments
The charity contributes to individual personal pension. Contributions paid by the charity
during the year amounted to £3.12712024.' £3,127).
16. Funds Held as a Custodian
Caxton House Settlement held a balance of £84 {2024.' £12,029) at the year end on behalf
of Elthorne Pride, a Big Lo¢al resident-led initiative in Islington. The balance is not show
in the financial slatemen.s of Caxton House.