HOLLOWAY NEIGHBOURHOOD GROUP
TRUSTEES’ ANNUAL REPORT (INCORPORATING THE DIRECTOR’S REPORT) 2024
LATEST INFORMATION AND UPDATES ABOUT HOLLOWAY NEIGHBOURHOOD GROUP
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
TABLE OF CONTENTS
1 OUR COMPANY 2 LETTER FROM THE CHAIR OF THE TRUSTEES AND CHIEF EXECUTIVE OFFICER
3 OUR VISION, MISSION, & VALUES 4 OUR IMPACT 5 FINANCIAL STATEMENTS 6 FUTURE PRIORITIES 7 THANK YOU
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
OUR COMPANY
COMPANY REGISTRATION NUMBER: 01804906 CHARITY REGISTRATION NUMBER: 290493
THE HOLLOWAY NEIGHBOURHOOD GROUP COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS 31 MARCH 2024
GROMAN & COMPANY CHARTERED ACCOUNTANTS 5 VIOLET HILL
ST. JOHN'S WOOD LONDON NW8 9EB
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
OUR COMPANY
The Holloway Neighbourhood Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 March 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 March 2024.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name The Holloway Neighbourhood Group
Charity registration number 290493 Company registration number 01804906 Principal office and registered The Old Fire Station office 84 Mayton Street London N7 6QT The Trustees John Rockel, Chair (Resigned March 2024) Toby Lovell, Treasurer (Resigned October 2023) Sandrine Palmer Munal Mehta (Company secretary) Will Lewis, Interim Chair (From January 2024) Thomas Neumark Barry O’Donovan Saiqa Pandor (appointed March 2024) Valerie Gage (appointed March 2024)
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
OUR COMPANY
Chief Executive Officer Eira Gibson
Independent examiner
AI Groman FCA 5 Violet Hill St. John’s Wood London NW8 9EB
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
Holloway Neighbourhood Group is constituted as a Company Limited by Guarantee (No. 01804906) incorporated on 30 March 1984 and a Registered Charity (No. 290493) registered on 9 November 1984.
The company is governed by its Memorandum and Articles of Association and in the event of the company being wound up all members present and twelve months past are required to contribute an amount not exceeding £1.
Recruitment and Appointment of Trustees
Trustees are sought who have professional skills and experience and who represent the users of our services. The Board of Trustees regularly carries out a skills audit and seeks candidates with complementary skills and experience. We have identified a need to broaden the diversity spectrum of Trustees, both in terms of protected characteristics and lived experience.
We are developing a recruitment strategy with the aim of both increasing the diversity of the Board so as to better represent the communities we serve and to fill recently identified skills gaps. Potential Trustees are asked to observe a number of meetings of the Board of Trustees before the existing Trustees approve their application and formally vote them onto the Board of Trustees.
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OUR COMPANY
One third of Trustees stand down from the Board of Trustees at the company’s AGM, and elections (or re-elections) of Trustees are carried out by the membership. At the first meeting after the AGM, Trustees vote to appoint the Chair, Treasurer, and Secretary.
Organisational Structure
The governance of the organisation is the responsibility of the Board of Trustees which delegates to the Chief Executive the day to day running of the organisation, including operational management and ensuring that the organisation's objectives are met. The Chief Executive attends Board of Trustees' meetings but has no voting rights.
Objectives and activities
Vision: Empowered, happy and inclusive communities where all people are valued.
Mission: We provide support and services and build connections to empower people to lead fulfilled lives as part of their community.
Values:
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Respecting diversity
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Connecting and Connected
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Listening and Empowering
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Compassionate
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Striving for Quality
Statement on Public Benefit
Holloway Neighbourhood Group operates solely for the public benefit. When reviewing the charity's aims and objectives and in planning its future activities, the Trustees have referred to the Charity Commission's general guidance on public benefit.
The Charities Act 2011 sets out twelve kinds of activity that are recognised as charitable provided that there is sufficient demonstrable ‘public benefit’. All our beneficiaries are individuals or communities that are socially and economically deprived and Holloway Neighbourhood Group carries out work in the following areas identified in the Act:
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ANNUAL REPORT YEAR 2024
OUR COMPANY
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Prevention or relief of poverty - whilst we do not provide grants, our work addresses the causes and consequences of poverty by providing services ourselves, supporting others to provide them from our buildings, or by encouraging local people to help themselves and each other.
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Advancement of health or saving of lives - our work includes health and wellbeing programmes for disadvantaged or isolated community groups as well as counselling and complementary therapy designed to support people with mental health issues.
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Advancement of citizenship or community development - we encourage and support volunteering and community action; we host MP and councillor surgeries, organise community events, support the development of smaller community organisations, and encourage participation in civic life and society.
A LETTER FROM THE CEO AND CHAIR
Holloway Neighbourhood Group continues to thrive as a local charity at the heart of its community. Our patch - Nag’s Head - is an area of economic significance and the council's local economies team have secured investment for a new prospectus for the area.
HNG was built on community organising and we know our own success comes from listening and responding to both the needs of and ideas that come from local people. This embedded approach means we’ve been ahead of the curve, for example pioneering community based mental health services and early intervention and prevention. We've adapted and responded to crisis after crisis.
Our founders were bold and ambitious. They took risks and challenged the status quo. While much has changed since the 1970's, we continue in their footsteps. We are working to build social infastructure and make sure we are community leaders - not only in our centres, services and activities but - as a hub for the whole community.
We support each other, standing together and demanding more for the thousands of different people who have found a home in Holloway.
Thank You for being an important member of our vibrant and diverse community.
Wil Lewis, Chair.
Eira Gibson, Chief Executive Officer.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
OUR VISION MISSION AND VALUES
VISION
Empowered, happy and inclusive communities where all people are valued.
MISSION
We provide support and services and build connections to empower people to lead fulfilled lives as part of their community.
VALUES
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Respecting diversity
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Connecting and Connected
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Listening and Empowering
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Compassionate
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Striving for Quality
HOLLOWAY NEIGHBOURHOOD GROUP
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OUR IMPACT
ACHIEVEMENTS
Both centres continue to thrive as beacons of hope. People find Holloway Neighbourhood Group for all sorts of different reasons – a direct referral from a GP or health care provider, signposted through the housing association as somewhere you can get help to get online, or a recommendation from a friend for a brilliant accessible exercise class. Whatever that first contact, the front doors at The Stress Project and the Old Fire Station often open new opportunities and connections as part of our vibrant and diverse community.
Using the ‘community living room’ idea, there are now 5 open access entry points, where people can come and hang out without any expectations. This builds on the success of longstanding projects like the warm/ welcome room (free soup and good company), the men’s social group and the Wellbeing Group. We’ve extended it to include a Mindful Café, Community Living Room and a peer led knitting and crochet group.
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OUR IMPACT
ACHIEVEMENTS
The extensive in-house programme of exercise, art and digital inclusion is supported by our ‘in touch’ service where we maintain contact with people who have dropped out of regular contact.
Clinical Services
The Stress project continues to be an essential cog in the mental health pathway, taking 107 referrals from GP’s and mental health providers. We’ve been working hard to raise our profile in the LBI and specifically with the Public Health team. While we are well known and highly respected, the financing we receive is a fraction of what we need.
Our model here is a brilliant, holistic and a genuine community approach to improving mental health. As well as money, we need a place at the table as experts in this area that we have championed for over 40 years.
Staff and Volunteers
The change to CEO and Chair has been a catalyst for establishing a new cross centre approach. We’ve refocused several roles to give clearer responsibility in key areas – programme development, clinical/ mental health, facilities/ operations – and introduced some new positions – data officer and volunteer coordinator – to build capacity. There are 7 permanent staff, most of us are part time so it’s a full time equivalent of 5.1 people. It’s genuinely inspiring how brilliant the staff are and how much we do with so little money but so much heart.
That said we need to be careful not to personally subsidise what is a national crisis in care and communities by stretching ourselves too thinly – a challenge for us all.
We are stepping up to this by building more sustainable working practices. By investing in a dedicated staff member (2 days a week) we hope to build on our very successful volunteering model which (at its best) has training and development opportunities, supports people who want to get involved for all different sorts of reasons and give genuine place and purpose. The new Data Officer role has had immediate impact on our data capture and reporting, identifying gaps and making all the wonderful graphs you’ll see in this report.
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OUR IMPACT
SERVICES
In total, Holloway Neighbourhood Group delivered 3036 sessions, supporting 790 service users in 2023/24 - a 9% increase compared to last year.
3036
sessions delivered at The Holloway Neighbourhood Group in 2023/24
people supported at The Holloway Neighbourhood Group in 2023/24 increase in people supported compared to last year 790 9%
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OUR IMPACT
THE STRESS PROJECT
At the Stress Project we provide counselling and wellbeing support for people who experience mental health issues. In total, the Stress Project supported 459 people in 2023/24 - an 8% increase from 2022/23.
people supported at The Stress Project in 2023/24 459
increase in service users compared to last year 8%
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COUNSELLING
The mental health crisis that hit the headlines following the COVID-19 pandemic and the economic upheaval is playing out in our services. With grant funding from Cloudesley, we are responding quickly to some of the most vulnerable in the London Borough of Islington, improving our fasttrack access to assessments and low-cost counselling delivered by part-qualified volunteer counsellors.
We delivered 2,159 counselling sessions (including transitions to private provision within our network). A total of 186 individuals accessed this service.
Using the CORE Outcome Measure, of the people who received counselling this year, 63% were above the clinical cut off score of 10, indicating high levels of distress.
39% showed improvements above the level of clinical significance – with their levels of distress moving from the clinical to nonclinical (healthy) population. 54% showed a reliable improvement in their wellbeing.
counselling sessions delivered in 2023/24 people accessed counselling at The Stress Project in 2023/24 showed a reliable improvement in their wellbeing in 2023/24 2,159 186 54%
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COUNSELLING TESTIMONIALS
“My counsellor has been wonderful. When I started counselling, I didn't see any point to life. I was completely burned out and feeling utter hopelessness. I did not see suicide as an option, which in one sense, made things worse. It meant I had to find the will to keep living. At the beginning, I didn't think that was possible. However, I am now coping so much better, a day at a time and will be forever grateful for the support I have had. Thank you.”
“My health issuses made me very isolated and having counselling has helped and it has really opened my mind to how i feel. The counselling sessions have really helped mentally.”
“I may still need some help with specific traumatic events, but I no longer feel completed out of control when it comes to my own emotions. The agoraphobia has gone and I have been able to get out, meet people, join classes etc without fear. I'm able to seek help from my GP without the feeling that my issues are unimportant or a waist of their time or will be dismissed. I can use breathing methods when needed to find calm and piece, I no longer have panic attacks and I have not made any plans to end my life since seeing my councillor. I also understand myself (feelings, emotions and thoughts) a little better having discussed my past experiences. I am incredibly grateful for the help I've been given, especially for the extra time we had. I have and would highly recommend The Stress Project to anyone needing some help.”
“I feel more positive in saying how I feel to the people that have hurt me mentally, I feel that I’m not so angry and that I can control my feelings and think and speak about what is upsetting me at the time and not hold anything in to stew over. Would like to say a massive thank you x”
HOLLOWAY NEIGHBOURHOOD GROUP
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ANNUAL REPORT
YEAR 2024
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OUR IMPACT
MINDFULNESS SERVICES
With continued grant support from Cloudsley, we continued to deliver our very popular Mindfulness services. This year, we delivered seven 10-week courses. 99% of course participants continue to practice mindfulness after completion of their course – 29% increase from last year. 38% of course participants who completed the course practiced mindfulness as part of a group.
10-week mindfulness courses delivered in 2023/24 7
of course participants continue of course participants who to practice mindfulness after completed the course practiced completion of their course in mindfulness as part of a group in 2023/24 2023/24 38% 99%
We expanded the offer to include weekly drop-in Mindfulness classes in the form of Mindful Café sessions.
In total we delivered 41 Mindfulness sessions which benefited 57 individuals.
mindfulness sessions delivered in 2023/24 41 57
individuals benefitted in 2023/24
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MINDFULNESS SERVICES TESTIMONIALS
“I first heard about your in-person mindful café through the fire station community centre Before I joined I felt anxious, stressed, PTSD condition. I heard mindfulness was really helpful and I attend sit down yoga. I have learnt so much in the sessions about how to improve mental health with new tools to calm down. I can concentrate more effectively and am in control of my life more.”
“It was very stressful, with strong anxiety. I needed to change these feelings and it was very good to empty and erase negativity inside our body by being in the present and future. We related to some problems and tried to use the techniques to solve it. Accepting things as it is and moving on.”
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
OUR IMPACT
WELLBEING GROUP
We launched the Wellbeing Group in October 2021, and it has grown rapidly, with 93 people regularly attending the 48 weekly drop-ins we delivered (an increase of 30% compared to last year). This popular complementary therapy offer has grown to include group ear acupuncture and creative craft.
93
people regularly attending the weekly drop-ins
It’s always great to see our activities so well attended, but this increased demand indicates a concerning trend in mental health. Not only is the need growing, the mental health level at which people reach us is high.
wellbeing group sessions delivered in 2023/24 increase in wellbeing group sessions delivered in 2023/24 48 30%
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OUR IMPACT
THE OLD FIRE STATION COMMUNITY CENTRE
The Old Fire Station is a multi-purpose community centre where we provide a range of activities to support local people to build social connections and enhance their wellbeing. In total, the Old Fire Station supported 375 people in 2023/24 (a 6% increase compared to last year).
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375
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people supported at The Old Fire Station in 2023/24
increase in people supported in 2023/24 6%
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CLASSES
Group activities offer a range of benefits that can enhance both personal and social well-being. They provide opportunities for individuals to connect with others, fostering a sense of community and belonging. These activities often promote physical and mental health by encouraging active participation and reducing stress and are a great way to build relationships, develop important life skills, and enjoy shared experiences.
Our programme has continued to expand and adapt to attendees' needs. We’ve worked hard to support people in in-person activities and ensure they feel comfortable in our space.
Classes on offer included mixed elders exercise, yoga, chair yoga, tai chi, art, creative writing, Egyptian dance and a men’s social club.
In total we delivered 293 classes, benefitting 255 people – (an increase of 5% compared to 2022-23).
HOLLOWAY NEIGHBOURHOOD GROUP
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OUR IMPACT
293
classes delivered at The Old Fire Station in 2023/24
people benefitted from our classes at The Old Fire Station in 2023/24 255
5%
increase in people supported in 2023/24 compared to last year
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CLASSES TESTIMONIALS
“I feel more relaxed and confident. It’s very good being connected with others. It has helped me learn new skills and improve my existing skills.”
“These activities have improved my physical and mental health and I feel a part of the group. I would recommend you to friends and family.”
“The staff are friendly and approachable and there is a distinct feeling for the ‘local’ which is very important. It’s a joy to attend.”
“The physical exercise has improved my mental and spiritual life.”
“I move better and have more flexibility. I’m stronger in my arms and legs.”
“I look forward to attending classes, the facilities are great and the staff are most helpful.”
“I enjoy meeting people and being in a group with others of a similar age.”
“I have been suffering with arthritis long term and have to work hard to keep mobile. The activities help me to be able to get around by myself so I continue to do as much as I can most of the time. I am grateful for the care which is offered.”
“This environment is friendly and warm. This has boosted my emotional and physical development. We have become a community supporting each other’s social, mental and physical needs.”
“I enjoy attending the group and learning new skills and socialising.”
“I’ve been doing more exercise than I realised and having healthy conversations like talking about people’s backgrounds and practising having positive thoughts.”
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IN-TOUCH TELEPHONE SUPPORT
“In-Touch” is our telephone support service, offering a regular friendly chat, support with accessing services, and encouragement to keep active in mind and body.
We established the service in 2020 and have continued to support people by phone who are unable to visit our centres for reasons such as frailty, caring responsibilities, and high levels of anxiety.
As well as calling people who previously visited the Old Fire Station and Stress Project, we also welcomed new people referred to us from local agencies.
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IN-TOUCH TELEPHONE SUPPORT
We made 267 in-touch telephone support calls, benefitting 60 people in 2023/24.
in-touch calls were made in 2023/24 267 60
people benefitted from our in-touch service at The Old Fire Station in 2023/24
HOLLOWAY NEIGHBOURHOOD GROUP HOLLOWAY NEIGHBOURHOOD GROUP OUR IMPACT
YEAR 2024 ANNUAL REPORT YEAR 2024
DIGITAL INCLUSION
Digital exclusion in the UK remains a pressing issue, with many people lacking access to vital online resources. We played a crucial role in reducing digital exclusion in our community by equipping our service users with essential digital skills, confidence, and access to technology. We provided 472 personalised one-to-one training sessions on using devices, navigating the internet, and understanding online platforms.
By creating a supportive learning environment, we empowered 84 service users to engage more fully in the digital world, enhancing their ability to access essential services, pursue job opportunities, and connect with their communities (an increase of 29% compared to last year). increase in people supported in 2023/24 compared to last year 29%
sessions delivered at The Old Fire Station in 2023/24 472
84
people benefitted from our digital inclusion service at The Old Fire Station in 2023/24
HOLLOWAY NEIGHBOURHOOD GROUP HOLLOWAY NEIGHBOURHOOD GROUP
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OUR IMPACT
SERVICE USER DEMOGRAPHICS
ETHNICITY
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Black UK Asian UK White UK
Mixed Ethnic Background Did Not Answer
Other
Black UK
Other 14.8%
18.8%
Asian UK
5.3%
Did Not Answer White UK
29% 27.9%
Mixed Ethnic Background
4.3%
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GENDER
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Female Male Did Not Answer
Did Not Answer
17.2%
Male
16.2%
Female
66.6%
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AGE
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Under 25 years 25 - 44 years
45 - 64 years Over 65 years
Did Not Answer
Under 25 years
2.2%
Did Not Answer 25 - 44 years
26.6% 21.4%
45 - 64 years
Over 65 years 26.6%
23.3%
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DISABILITY
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No Yes Did Not Answer
Did Not Answer No
42.2% 40.2%
Yes
17.6%
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ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
OUR IMPACT
VOLUNTEERS
As a small team, we are extremely grateful for the contributions of our wonderful volunteers. An amazing 87 people volunteered with Holloway Neighbourhood Group this year (an increase of 14% compared to last year). They volunteered a total of 4063.5 hours.
With great generosity and kindness, they exemplify our values around compassion, respecting diversity and connecting people. They acted in various roles including providing counselling and complementary therapies, facilitating group activities, maintaining our premises, making In-Touch phone calls, administrative support, and gardening. 87
VOLUNTEERING HOURS BY CATEGORY:
Counselling = 2749.5 hours (70.5%) Activities = 393 hours (10.1%) Administrative = 130 hours (3.3%) Complementary Therapy = 214 hours (5.5%) Gardening = 40 hours (6.7%) DIY = 263 hours (1%) Digital Inclusion = 161 hours (2.9%)
volunteers supported our efforts in 2023/24
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Gardening Activities
DIY 6.7% 10.1%
Digital
1% Administrative
Inclusion
3.3%
2.9% Administrative Complementary Therapy
3.3% 5.5%
Complementary
Therapy
5.5% increase in volunteers in 2023/24
compared to last year
volunteering hours were given to The
4063.5
14%
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increase in volunteers in 2023/24 compared to last year
4063.5
volunteering hours were given to The Holloway Neighbourhood Group in 2023/24.
Counselling 70.5%
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
OUR IMPACT
SERVICE USER SATISFACTION
67%
of our service users said they had a significant improvement in their wellbeing since taking part in our activities
100%
of our service users gave us a 10 rating saying they were extremely likely to recommend us to a friend or family member 70%
70%
of our service users said they were very satisfied and gave us the highest four star rating
of our service users said our activities helped them improve their existing skills
100%
of our service users said our activities helped them learn new skills
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Financial review
The financial statements have been prepared in accordance with the requirements of the latest Statement of Recommended Practice (SORP).
This is against an agreed (budgeted) deficit of £60,439 which was to support the change of CEO and allow us to retain all programme delivery. We used £20,000 of our reserves to cover unplanned spend on legal fees to secure our lease at Shelburne Road.
The Statement of Financial Activities shows total income received in 2023/24 of £334,150 (2022/23: £348,374). Expenditure for the year was £363,179 (2022/23: £377,497). This resulted in a deficit of £24,098 (2022/23 £37,045), after having taken into account the net gain on investment £4,931 (2022/23 Loss £7,922).
Total funds carried forward to 2023/24 are £590,526 (2022/23: £614,624).
Reserves Policy
Trustees examine the charity's requirements for reserves considering the main risks and liabilities of the charity. We aim to hold between 3- and 9-months running costs in unrestricted reserves, and it is confirmed that the existing level of reserves is appropriate:
-£395,000 is held in a Designated Property Fund - which is held to mitigate risks around our buildings, allowing us to fulfil our obligations under our current leases and enable us to acquire and fit out alternative premises to continue or expand our services.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report) (continued)
Year ended 31 March 2024
Reserves Policy (continued)
We are likely to draw upon this when we commence negotiations about our future tenure or to develop the building once the lease is resolved.
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£30,000 is held in a Designated Staffing Fund - which would allow us to honour our obligations regarding redundancy or to allow for staff cover during prolonged periods of absence.
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£165,526 is held in a General Fund - which represents 7 to 9 month's running costs. This General Fund would help us to avoid closure by ensuring staff could continue working, to seek new sources of funding and support service users to move on to other services.
The Trustees review the level of reserves needed yearly, and whenever there are significant changes in our property requirements or staffing levels.
Risk Management
On a regular basis, the Board of Trustees actively reviews the major operational and business risks which the charity faces and confirm that they have established systems to mitigate the significant risks. In our plans for service delivery, we have taken account of fast-changing needs in our local communities and a difficult to predict funding environment.
Assessment of risks and threats to the organisation is the ongoing responsibility of the Chief Executive and such issues as they arise are taken to the Board of Trustees for discussion and action.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
Responsibilities of the trustees
The Trustees (who are also the Directors of Holloway Neighbourhood Group for the purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company for that period.
In preparing these financial statements, the Trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and accounting estimates that are reasonable and prudent;
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state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
HOLLOWAY NEIGHBOURHOOD GROUP
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FINANCIAL STATEMENTS
Independent Examiner
A. I. Groman FCA of Groman & Company has been re-appointed as independent examiner for the ensuing year.
B.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on .............................. and signed on behalf of the board of trustees by:
Wil Lewis Munal Mehta
Trustee Trustee
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of The Holloway Neighbourhood Group (continued)
Year ended 31 March 2024
I report to the trustees on my examination of the financial statements of The Holloway Neighbourhood Group ('the charity') for the year ended 31 March 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Since 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 I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
AI Groman FCA Independent Examiner
5 Violet Hill St. John's Wood London NW8 9EB
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 March 2024
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Statement of Financial Position
31 March 2024
For the year ending 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
Directors' responsibilities:
· The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
· The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on ........................, and are signed on behalf of the board by:
Trustee Trustee
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is The Old Fire Station, 84 Mayton Street, London N7 6QT.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: - No cash flow statement has been presented for the company.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
3. Accounting policies (continued)
I ncoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
· income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
- legacy income is recognised when receipt is probable and entitlement is established.
· income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
· income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
· expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
- Accounting policies (continued)
· expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
· other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
3. Accounting policies (continued)
Tangible assets (continued)
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer & office equipment - 20% straight line
I mpairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
The notes on pages 35 to 50 form part of these financial statements.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
4. Limited by guarantee
That charity is limited by guarantee of £1 per member without share capital.
The notes on pages 35 to 50 form part of these financial statements.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The notes on pages 35 to 50 form part of these financial statements.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Management Information
Year ended 31 March 2024
The notes on pages 35 to 50 form part of these financial statements.
ANNUAL REPORT YEAR 2024
HOLLOWAY NEIGHBOURHOOD GROUP
FINANCIAL STATEMENTS
The notes on pages 35 to 50 form part of these financial statements.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The notes on pages 35 to 50 form part of these financial statements.
ANNUAL REPORT YEAR 2024 HOLLOWAY NEIGHBOURHOOD GROUP FINANCIAL STATEMENTS R•strlcted funds At 1 Aprll 2023 Galns and At 31 March Ioss88 2024 Income Expendltur Reslncled Funds 99,232 199,2321 Al 1 April 2022 Gains and At 31 March losses 2023 Incoma Expenditure Reslncled Funds 117,815 (117,8151 The followlng pagea do not fomi part of the flnanclal 8tst6ments.
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2024
ANNUAL REPORT YEAR 2024 HOLLOWAY NEIGHBOURHOOD GROUP FINANCIAL STATEMENTS Other Incom• Old Fire Station.. Other Income Old Firo Slalion.. H811 & room hire 38 Mayton Slroel Stress Proiecl." Fees & outreach services Stress Proiecl.. Rent & room hire Stress Project Therapy fees 1,661 36.771 36,000 32,197 62.126 3,000 34,783 36,400 53,923 31,193 159,299 167,744 Total Incom• 334,160 348,374 2024 2023 Expendlture Costg of ralslng donatlon• and legacleg Wages and $818ries 3.600 3.821 Expendlturn on charltable actlvltles Wages 8nd s8laries Employerfs NIC Pension c051s Rent Rates and watèr Light and heal Repairs and maintenance Insurance Olhor eslablishmonl Other molorlliavel cos15 Legal and professional fees Telephone Other office costs Advertising Doprecialion Other inloresl payablo and similar charges Direct projocl c051s Staff reciuitment and Iraining costs Agency staff Special events 174.663 9,664 9,067 39,491 1,314 8,456 10.040 1.326 13,027 821 36,926 1,966 6,063 199,278 12,664 9,913 40,324 311 9,077 15,931 2,958 12,761 240 17,259 1,9 5,661 476 2,1 364 34,903 7,043 1.978 12 30,439 3,269 12,170 411 359,679 373,676 Totsl expendlture 363.179 377,497
ANNUAL REPORT YEAR 2024 HOLLOWAY NEIGHBOURHOOD GROUP FINANCIAL STATEMENTS Not gainslllos8esl on investments Gainsllloss85) on cash held for investment purposes 4,931 (7,9221 Not •xp•ndltur• 124,0981 {37,0451
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
The Holloway Neighbourhood Group
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities (continued)
Year ended 31 March 2024
2024 2023 £ £
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FINANCIAL STATEMENTS
2024 2023 £ £
HOLLOWAY NEIGHBOURHOOD GROUP
ANNUAL REPORT YEAR 2024
FUTURE PRIORITIES
The Coming Year
We have been working closely with Clarion, our landlord at The Old Fire Station and one of our major funders, to strengthen this partnership. We are excited to see where this takes us.
Next year will be the end of the incredible support we’ve had from Cloudesley (a whopping £160,000 over the 5 years). This funding has enabled us to deliver free and low-cost counselling and free mindfulness courses to thousands of Islington residents and will be very hard to replace.
By focusing on our assets – our buildings, staff and incredible community – we are moving towards a more sustainable model where we can weather whatever is thrown at the voluntary and community sector in the coming years. It is top priority to remain local pioneers, championing Holloway and building social infrastructure as part of an interconnected community.
HOLLOWAY NEIGHBOURHOOD GROUP HOLLOWAY NEIGHBOURHOOD GROUP
YEAR 2024 ANNUAL REPORT YEAR 2024
THANK YOU THANK YOU
A MASSIVE THANK YOU!
We deeply thank our staff, volunteers, trustees, partners, funders, donors, and service users for their unwavering support and dedication throughout the year. Your contributions have driven our mission forward and made a tangible difference in our community.
Thank you for your generosity, hard work, and commitment. Together, we have achieved remarkable milestones, and we look forward to continuing this journey with you in the coming year!
Our conscientious staff
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Our faithful volunteers
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Our wonderful trustees
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Donators
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The London Community Foundation
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LB Islington Local Initiatives Fund
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LB Islington VCS Grant
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LB Islington Retail, Leisure & Hospitality Grant
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Clarion Futures
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LB Islington S106
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Octopus Stay Well Live Well
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Islington Giving
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Cloudesley
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Sport Islington
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Sport England
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Good Things Foundation
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LHC Community Benefit Fund
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LB Islington - Active Spaces
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Postcode Society Trust
If you would like to get involved or find out more please contact Antoinette:
antoinette@hng.org.uk