Registered number- 01880755
Charity number- 291214
ELFRIDA RATHBONE {CAMDENI
{A company limited by guarantee)
TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE
YEAR ENDED 31 MARCH 2024

ELFRIDARATHBONE (CAMDEN)
IA Company limited by guarantee)
CONTENTS
Page
Reference and administrative details of the charity. its trustees and advisers
Trustees. report
Independent audltor's report
Statement of financial activities
Balance sheet
10
ststement of Cash flows
11
Notes to the financial statements
12- 21

ELFRIDA RATHBONE {CAMDENI
(A company limited by guarantee)
REFERENCEAND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 MARCH 2024
Trustees
Hazel Saunders Ichair resigned as Chair and
Trustee 26 April 20231
Fabian Frederik Van Essen (Chair from 26 April 20231
Sade Alade
Alastair Neil McDonald (resigned 17 April 20241
Mei-yee Man Oram
Alan David Ward (Treasurer)
George David Jackson (resigned 17 April 20241
Andy Cole lappoinled 26 April 20231
Hui Wang lappoinled 26 April 20231
Nebulae Adams lappoinled 26 April 2023 and
resigned 17 April 2024}1
Minu Mangal lappoinled 26 April 2023 and
resigned 17 April 2024}
Company rggistergd numbgr 01880755
Charity registered number
291214
Registered office
CIO Goldwins
75 Maygrove Road
London
NW6 2EG
Company secretary
Nicole Francis (resigned 22 July 20241
Malcolm Woolven (appointed 22 July 20241
Chief executive officer
Nicole Francis until 31 st July 2024
Malcolm Woolven - Director from 1st August 2024
Independent auditor
Goldwins Limited
75 Maygrove Road
West Hampslead
London
NW6 2EG
Bankers
CAF Bank Ltd
PO Box 289
Wesl Malling
ME19 4TA
Page 1

ELFRIDA RATHBONE {CAMDEN}
(A company limited by guarantee}
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees, who are the Directors of the Charity for the purposes of the Companies Act, and Trustees for ¢harily
18w purposes, submit their annual report and the financial stslemenls of Elfrida Rathbone (Camden) for the year
ended 31 March 2024. The Trustees confirm that the annual report and financial slalements of the Charity comply
with current statutory requirements, the requirements of the Charity's governing document and the provisions of
the Statement of Recommended Practice ISORPI 'Accounling and Reporting by Charities (revised 20051,. The
company also trades under the names the "Leighton College"
Structure. governance and management
The company is registered as a charitable company limited by guarantee.
The Trustees form the Board of Trustees which consists of not less than five or more than 17 Trustees. At each
Annual General Meeting, one-third of the Trustees must retire bul are eligible for re-elecb'on. The Board of
Trustees led by the Chairperson and TreasLJrer, governs the organisation.
The Trustees are responsible for the govemance of the organisation and delegate the day-to-day management
of the organisation to the Chief Execulivelcompany Secretary. The Chief Executive works with the Head of
College and Head of Finance to ensure that the Charity develops and delivers quality services for our
beneficiaries.
Nicole Francis
Chisom Nene
Chinenye Chigbu
Chief Executive until 31st July 2024
Head of College until 1fh July 2024
Head of Finance until 6, May 2024
Malcolm Woolven will be taking over as the Director of ERC from the 1st August 2024.
Trustees are recruited through advertising in community and voluntary sedor resources and direct links with local
service users and networks. Currently, the Board has 6 Trustees with a diverse range of backgrounds including
social care and family support, accountancy, law, local government, supplementary and further education,
community development, services for disabled people and the retail sector.
Potential new Trustees are encouraged to meet with the Chief ExecutivelDireclor to discuss the activities and
operations of the charity and lo find out about the current challenges and opportunities facing ERC. They are also
invited lo observe a Board of Trusl&s meeting before their application is accepted and confirmed. There is no
entitlement for any other external person or organisalion to appoint Trustees.
Ensuring our work delivers our aims
Each year the management team and Trustees review our projects and services and update the strategic
objectives of ERC in line with our aims and values.
We have referred lo the Charity Commission's general guidan￿ on public benefit when reviewing our aims and
objectives and in planning our future activities.
Overview of our work
Elfrida Rathbone Camden IERCI has been making a difference for children, young people and adults in Camden
for more than 30 years.
Early intervention is key lo a disabled childlyoung person, who relies upon additional support lo navigate the
complex and demanding world we inhabit, helping them lo form healthy, positive relationships as they grow and
develop into young adults.
ERC transforms the lives of marginalized individuals and families, young people and parents, disabled and non-
disabled through our comprehensive programmes. Our work helps beneficiaries access opportunities, which are
unaffordable or unavailable due lo their circumstances or reduced slatulory funding.
Page 2

ELFRIDA RATHBONE {CAMDEN}
(A company limited by guarantee}
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024
For 202312024 our programmes included=
1. The Leighlon College- a person-centred Ihree-year further education facility for 16-25-year-olds with mild
lo moderate learning disabilities. We aim for young adults with learning disabilities lo have the same
opportunities as everyone else lo fulfill their polenlial. This programme helps them lo learn, develop and
work together on the path to independence, whilst promoting the importance of how inclusion, individuality
and friendship can positively inform and shape a disabled young adult's life.
Impact in 2023124.. We have had 17 full lime leamers al the College this academic year. The College runs
four days a week and 36 weeks a year. All of our learners who left this year progressed onto other learning
programmes or supported work experience.
2. Our Creative Therapies worker uses arts techniques lo directly address Adverse Childhood Experiences
and past trauma for young people who require emotional andlor mentsl health support.
Impact in 2023124= We have provided ongoing intensive creative therapy support to 10 young people. This
has involved weekly sessions dLJring term lime for a minimum of one term per learner.
3. Our Community Champions project supports residents and volunteers to lead and deliver activities that
improve the health and wellbeing of residents in the Kentish Town area. The project supports individuals,
families, and groups. An independent leaming and evaluation review was conducted by Collaborate CIC.
This review provided evidence that 'the Community Champions programme has supported improved
health and wellbeing outcomes for participants, especially in mental health and community connection, but
also in food access, physical activity, and community safety. It has developed individual capabilities like
confidence and leadership skills, as well as enhancing community assets including public spaces and
support networks.. The report also recognised that these'oulcomes have been enabled by the persislenl
and creative efforts of coordinators to engage residents,
the infrastructure lent by host organisalions,
and the growing participation of champions and communities
4. Our Young People for Inclusion project works with 16-25 year olds who are disabled, learning disabled or
neurodivergenl. Vve organise activities that increase their socialisation, life skills and independence, youth
empowerment. personal development, and can help them lo create change in the wider community.
Impact in 2023124.. 20 young disabled people were supported to influence positive change in their
community. 20 young disabled people were supporled lo increase their employability, Workpla￿ and job
skills. 40 young disabled people look part in group and community activities which increased their
awareness of their rights and the responsibilities of Servi￿ providers, leading lo assertive work with
servi￿$ to increase the quality of support received by disabled people.
Learning and Training
ERC staff continue to access a range of slatulory and voluntary sector training opportunities. We continue to be
grateful for the opportunities offered and shared by voluntary and slalulory sector partners including London
Borough of Camden, Voluntary Action Camden and Locality.
Funding and sustainability
ERC has maintained a diverse range ofservice delivery and funding sources. Our majorfunding partners during this
financial year were the Education and Skills Funding Agency, the London Borough of Camden, the individual local
authorities who fund places for students on the Leighton Education project. City Bridge and Camden and Islington
Health Authority.
Reserves Pollcy
The Trustees have maintained a policy whereby the unreslricled funds not committed Ilhe "free reserves") held by
the company should be approximately 250/0 of the annual costs, which equates to approximately £218,000. The
current level of free reserves is 185,058. This includes designated reserves for Fixed Assets, Premises
Refurbishment and Project Contingency costs. The Fixed Asset Fund represents the net book value offixed assets
included in the unrestricted fund.
Trustees have reviewed operations and our current liabilities and feel that this level is sufficient lo allow for
contingency and for equipment replacement.
Page 3

ELFRIDA RATHBONE {CAMDEN}
(A company limited by guarantee}
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024
Rlsk Management
The Trustees undertake an annual risk review, looking al those risks related lo operations and finances. The
Trustees are confident that sufficient measures including a monitoring and feedback structure implemented by the
Cl)efEX8￿trVe and management team have been put in pla￿ to minimise any significant risks. Trustees will continue
lo monitor the situation.
The key risk facing the organisation during this year was the implications of the inadequate grading by Ofsted in
their full inspection in June 2022. Elfrida Rathbone Camden had its full re-inspection in November 2023 and was
very disappointed to be graded as "inadequate" by Ofsted. On the 19th March 2024 we announced that Leighton
College would be closing al the end of this academic year117th July 20241- Leighton College has been committed
to supporting young people with special educational needs and disabilities ISENDI. However, due to the financial
viability of the college, and issues highlighted by Ofsted, we took the incredibly difficult decision lo close the
provision. Since that announcement we have been working with parents and carers and Local Authority colleagues
to ensure all of our learners transition successfully to altemalive provision or supported employment.
The staff and trustees of Leighlon College worked tirelessly lo improve the quality of our provision since the first
"inadequate. grading by Ofsled in June 2022. We had a lot to do in a short period of lime. We had made 8 lol of
progress along the journey to improve the quality of our provision. In our view we should have been graded as
"requires improvement. by Ofsted. not'inadequate"
Plans for future perlods
Trustees and the management team have agreed that Elfrida Rathbone Camden should continue operating after
the closure of Leighton College. They recruited a new part lime Director to run the organisation. Malcolm Woolven
will be taking over as the Director from the 1st August 2024.
Nicole Francis the current Chief Executive will be leaving on the 31st July 2024. The Head of Finance Chinenye
Chigbu left on the 6th May 2024 and the Head of College left on the 17th July 2024.
The projects that will be continuing are..
1. Young People for Inclusion
2. Community Champions
3. Elfrida Ralhbone Camden was awarded a Camden Community Partner Fund grant for the next 7 years.
The new Director will be working with trustees to identify new project opportunities and activities that ERC can lead
and develop. ERC will operate wtthout premises initially bLJI will look to rent office space within Camden on an ad
hoc basis.
Statement of Trustees. responsibilities
The Trustees are responsible for preparing the Annual Report and the financial statements in accordan￿ with
applicable law and United Kingdom Generally Accepted Accounting Practice. Company and charity law applicable
to charities in England and Wales requires the Trustees to prepare financial statements for each financial year
which give a true and fair view of the slate of affairs of the Charity and of the surplus or deficit of the Charity for
that period. In preparing those financial statements the Trustees have selected suitable accounting policies and
applied them consistently, made judgements and estimates that are reasonable and prudent, staled whether
applicable accounting standards have been followed, subject to any material departures diselosed and explained in
the financial slatemenls., and prepared the financial statements on a going concern basis (unless it is inappropriate
to presLJme that the Charity will continue in operation).
Page 4

ELFRIDA RATHBONE {CAMDEN}
(A company limited by guarantee}
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2024
The Trustees have overall responsibility for ensuring that the Charity has an appropriate system of Controls,
financial and otherwise. They are also responsible for keeping proper accounting records which disclose with
reasonable accuracy al any lime the financial position of the Charity and enable them to ensure that the financial
statements comply with the Companies Act 2006. They are also responsible for s8feguarding the assets of the
Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.
We, the directors of the company who held office al the dale of approval of these Financial Statements as set out on
page 1 each confirm, so far as we are aware, that..
there is no relevant audit information ofwhich the company's auditors are unaware,. and
we have taken all the steps that we ought to have taken as directors in order to make ourselves aware of any
relevant audit information and to establish that the company's auditors are aware of that information.
Small Company special provisions
The report of the Trustees has been prepared in accordance with the special provisions relating to small
companies.
This reF)Ort was approved by the Trustees on
an.21,2Q25..........................and signed on its behalfby..
Fabian Van Essen (Chairl
Alan David Ward {Treasurer)
Page 5

ELFRIDA RATHBONE (CAMDEN)
IA Company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDARATHBONE ICAMDENI
FOR THE YEAR ENDED 31 MARCH 2024
Opinion
We have audited the financial statements of Elfrida Rathbone (Camden} Ilhe 'Charily'l for the year ended 31
March 2024 which comprise the Statement of Financial Activities, the Balance Sheet, statement of cash flows and
notes to the financial statements, including a summary of significant accounting policies. The financial reporting
framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic
of Ireland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial stalemenls..
give a true and fair view of the stale of the Charity's affairs as al 31 March 2024 and of its income and
expenditure for the year then ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice:
have been prepared in accordance with the reqLJiremenls of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKI} and applicable
law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the Charity in accordan￿ with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Stsndard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe
that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the Iruslees, use of the going concern basis of
accounling in the preparalion of the financial slalements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating lo events or
conditions that, individually or collectively, may cast significant doubl on the charity's ability lo continue as a going
concem for a period of al least twelve months from when the financial statements are aulhorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the
relevant sections of this report.
Other information
The Iruslees are responsible for the other information. The other infomialion comprises the information included
in the annual report other than the financial statements and our auditor's report thereon. Our opinion on the
financial statements does not cover the other information and, except to the extent otherwise explicitly stated in
our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in
doing so, consider whether the other information is materially in¢onsislenl with the financial statements or our
knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstatements, we are required to determine whether there is a material
misstalemenl in the financial statements or a material misstatement of the other information. If, based on the work
we have performed, we conclude that there is a material misstatement of this other information, we are required
to report that fact. We have nothing to report in this regard.
Opinions on other matters proscribed by the Companies Act 2006
In our opinion, based on the work undertaken in the Course of the audit=
the information given in the Iruslees, report (incorporating the directors, report) for the financial year for which
the financial statements are prepared is consistent with the financial slalements., and
Page 6

ELFRIDA RATHBONE (CAMDEN)
IA Company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDARATHBONE ICAMDENI
FOR THE YEAR ENDED 31 MARCH 2024
the trustees, report {incorporaling the directors, report) have been prepared in accordance with applicable
legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understsnding of the Charity and ils environment obtained in the course of the
audit, we have not identified material misstatements in the Trustees, Annual Report.
We have nothing lo report in respect of the following mallers in relation to which the Companies Act 2006 requires
us lo report to you if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audit have not been received
from branches not visited by us.,
the financial statements are not in agreement with the accounting records and returns.,
certain disclosures of trustees, remuneration specified by law are not made,. or
we have not obtained all the information and explanations n￿ssary for the purposes of our audit.
Responsibilities of the trustees
As explained more fully in the trustees, responsibilities slalement, the trustees are responsible for the preparation
of the financial stslemenls and for being satisfied that they give a true and fair view, and for such internal control
as they determine is necessary lo enable the preparation ol financial statements that are free from material
misstslemenl, whether due lo fraud or error.
In preparing the financial statements, the Irusleès are responsible for assessing the Charity's ability lo continue
as a going concern, disclosing, as applicable, matters related to going concem and using the going concern basis
of accounting unless the trustees either intend to liquidate the Charity or to cease operations, or have no realistic
alternative bul to do so.
Our responsibilities for the audit of the financial statements
Our objectives are lo obtain reasonable assurance about whether the financial statements as a whole are free
from material misstalemenl, whether due lo fraud or error, and lo issue an auditor's report that includes our
opinion. Reasonable assurance is a high level of assLJrance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always delecl a material misstatement when it exists. Misstalemenls can arise
from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be
expected lo influence the economic decisions of users taken on the basis of these financial statements.
A further description of our responsibilities for the audit of the financial statements is located on the Financial
Reporting Council's website al.. Iwww.frc.org.uklaudilorsresponsibilitiesl. This description forms part of our
auditor's report.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, lo detect material misstatements in respect of irregularities,
including fraud. The extent lo which our procedures are capable of detecting ir￿gUIarl1ies, including fraud are set
out below.
In identifying and assessing risks of material misstalemenl in respect of irregularities, including fraud and non-
compliance with laws and regulations, our procedures included the following..
We enquired of management, which included obtaining and reviewing supporting documentslion, conceming
the charity's policies and procedures relating to the internal controls established to miligale risks related lo
fraud or non-compliance with laws and regulations.
We inspected the minutes of meetings of those charged with governance.
Page 7

ELFRIDA RATHBONE (CAMDEN)
IA Company limited by guarantee)
INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF ELFRIDARATHBONE ICAMDENI
FOR THE YEAR ENDED 31 MARCH 2024
We reviewed the financial statement disclosures and tested these to supporting documentation lo assess
compliance with applicable laws and regulations.
In addressing the risk of fraud through management override of controls, we tested the appropriateness of
journal entries and other adjustments, assessed whether the judgements made in making accounting
estimates are indicative of a potential bias and tested significant transactions that are Ljnusual or those
outside the normal course of business.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a materi81 misstalemenl in the fin8nci81 statements or non-compliance with regulation. The risk
is also greater regarding irregularities occurring due lo fraud rather than error, as fmud involves intentional
concealment, forgery, collusion, omission or misrepresentation.
This report is made solely to the Charity's members, as a body, in accordance with Chapter 3 of Part 16 of the
Companies Act 2006. Our audtt work has been undertaken so that we might state to the Charity s members those
matters we are required to state lo them in an auditor's report and for no other purpose. To the fullest extent
permilled by law, we do not accept or assume responsibility lo anyone other than the Charity and the Charity's
members as a body, for our audit work, for this report, or for the opinions we have formed.
Anthony Epton {Senior Statutory Auditor)
for and on behalf of
Goldwins Lirnited
Statutory Auditor
Chartered Accountants
75 Maygrove Road
West Hampstead
London NW6 2EG
21 January 2025
Page 8

ELFRIDA RATHBONE (CAMDEN}
STATEMENT OF FINANCIAL ACTIVITIES
lincorporaling an income and expenditure account)
For the
ear ended 31 March 2024
2024
Total
funds
2023
Total
funds
Unrestricted Restricted
funds
funds
Note
Income from-
Donations and legacies
Charitable aclivilies..
Family Services and Advocacy
Leighton Project
Other income
Investment income
21,911
21,911
23,708
108,987
30,900
108,987
720.742
,672
5.191
140,131
517,215
3,376
1,702
689,842
8,672
5,191
Total income
725.616
139.887
865,503
686,132
Expgnditure on:
Raising funds
Charitable activities..
Family Services and Advocacy
Leighton Project
5,814
5.814
4,316
54,452
673,825
114,849
25,474
169.301
699,299
188,442
480,697
Total expenditure
734,091
140,323
874,414
673,455
Net income l (expenditure) before transfers
18.4751
1436)
(8,9111
12,677
Transfers between funds
Net income l (expenditure) for the year
18.4751
14361
{8,911}
12,677
Reconciliation of funds-
Total funds brought forward
193,533
88,354
281,887
269,210
Total funds carried forward
185.058
87,918
272,976
281,887
All of the above results are derived from continuing activities.
There were no oth8r recognis8d gains or1055eS Oth8r than those stated abov8.
The attached notes form part of these financial statements.
Page 9

ELFRIDA RATH80NE (CAMDEN)
BALANCE SHEET
As at 31 March 2024
2024
2024
2023
2023
Note
Fixed assets:
Tangible assets
10
8.520
8,520
9,664
9,664
Current assets:
Debtors
Cash al bank and in hand
11
74,989
221,498
296,487
148,190
239,472
387,662
Liabilities:
Creditors.. amounts falling due within one year 12
32,031
115,4391
Net current assets
264.456
272,223
Total net assets
272.976
281,887
Funds
Reslricled funds
Unrestricted funds..
Designated funds
General funds
Total unrestricted funds
15
87,918
88.354
61,125
123.933
61,125
132,408
185.058
193,533
Total funds
272.976
281,887
Approved by the trustees on . Jan 21. 2025
and signed on their behalf by..
Fabian Van Essen Ichairl
Alan David Ward (Treasurer)
Company registration number- 01880755
The attached notes form part of the financial stalemenls.
Page 10

ELFRIDA RATHBONE (CAMDEN}
STATEMENT OF CASH FLOWS
For the year ended 31 March 2024
Note
2024
2024
2023
2023
Cash flows from opgrating activities:
Net cash provided by I lused inl operating activities
16
114,030)
{39,104)
Cash flows from investing activitias:
Salel Ipurchasel of fixed assets
13,9441
111,0391
Cash provided by I (used inl investing activitios
{3.944)
{11,039}
Cash flows from financing a¢tivitlOS:
Cash inflows from new borrowing
Cash provided by I (used inl financing activities
Change in cash and cash equivalents in the year
117.974)
{50,143}
Cash and cash equivalents al the beginning of the year
Change in cash and cash equivalents due to exchange
rate movements
239.472
289,615
Cash and cash equlvalents at the end of the year
17
221.498
239,472
Page 11

ELFRIDA RATHBONE ICAMDENI
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
1 Accounting policies
al Basis of preparation
The financi81 statements have been prepared in accord8n¢e with A￿O￿ntIng and Reporting by Charities..
Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102 - effective 1 January
20151- Icharities SORP FRS 1021 and the Companies Act 2006.
The charitable company meets the definition of a public benefit entity under FRS 102. Assets and liabilities a
initially recognised at historical cost or transaction value unless othenmise stated in the relevant accounting
policy or note.
bl Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability lo continue
as a going COn￿rn. The trustees do not consider that there are any SoUr￿S of estimation uncertainty at the
rtrporting date that have a significant risk of Causing a material adjustment to the carrying amounts of asstrts
and liabilities within the next reporting period.
cl Income
Income is recognised when the charity has entitlement to Ihe funds, any perf0rrnan￿ conditions altached to
the income have been mel, it is probable that the income will be received and that the amount can be
measured reliably.
Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the
charity has ents"tlemenl lo the funds, any performance conditions attached lo the grants have been met, il is
probable that Ihe income will be re￿iVed and the amount can be measured reliably and is not deferred.
Income received in advan¢tr for the provision of spectfied service is deferred until th8 criteria for income
recognition are mel.
For legacies, entitlornenl is tak8n as the earlier of the date on which eilh8r'. th8 charity is aware that probate
has been granted, the estate has been finalised and nolificalion has been made by the execulorlsl lo the
charity that a distribution will be made, or when a distribution is received from the estate. Re￿Ipt of a lega¢y, in
whole or in part, is only considered probable when the amount can be measured reliably and the charity has
been notified of the execulorfs intention to make a distribLJtion. Where legacies have been notified to the
charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been
met, then the legacy is a treated as a contingent asset and disclosed if material.
dl Donation5 of gifts, services and facilitie5
Donated professional services and donated facilities are recognised as income when the charity has control
over the item or received the servi￿. any conditions associated with the donation have been rnel, the receipt
of economic benefit from the use by the charity of the item is probable and that economic benefit can be
m$asurad reliably. In a¢¢ordan¢e with the Charititrs SORP IFRS 1021, volunte$r lime is not rtrcognis￿ $0 rofgr
lo the Iruslees, annual report for more information about their conlribulion.
On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value
of the gift to the charity which is the amount the charity would have been willing lo pay to obtsin services or
facilities of equivalent economic benefit on the open marf(el', a corresponding amount is then recognised in
expenditu￿ in the period of receipt.
el Interest receivable
Interest on funds held on deposit Is included when receivable and the amount can be rneasured Teliably by the
charity., this is normally upon notification of the interest paid or payable by the bank.
fj Fund accounting
Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated
funds are unreslricled funds of the charity which the Iruslees have decided al their discretion lo set aside lo
use for a specific purpose. Restricted funds are donats'ons which the donor has specified are to be solely used
for particular 8re8s of the charity's work or for specific projects being undertaken by the charity.
Page 12

ELFRIDA RATHBONE ICAMDENI
NOTES TO THE FINANCIAL STATEMENTS
For the
ear ended 31 March 2024
1 Accounting policies Icontinuedl
gl Expenditu￿ and ir￿cover8b1e VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it
is probable that settlement will b& required and the amount of the obligation Can be measured reliably.
Expenditure is classified under the following activity headings..
Costs of raising funds Comprise of trading costs and the ￿$ts incLJrred by the charitable company in
inducing third parties lo make voluntsry contributions lo it, as well as the cost of any activities with a
fundraising purpose.
Expenditure on charitsble activities includes the costs of delivering services and other activities
undertaken to further the purposes of the charity and their associated support Costs.
Other expenditure represents those items not falling into any other heading.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
h) Allocation of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
adivities. Support costs include back office costs, finance, ptrrsonnel, payroll and govemance costs whi¢h
support the Trusts artistic programmes and activities. These costs have been allocated between cost of raising
funds and expenditLJre on charitable activities. The bases on which support ¢osts have been allocated are set
out in note 6.
11 Operatlng leases
Rental charges are charged on a straight line basis over the term of the lease.
jl Tangible fixed 8sset5
Items of eqLJipment are capitalised where Ihe purchase pri￿ exceeds £2,000. Depreciation is prDvided at rales
calculated to write down the cost of sach asset to ils eslimaled residual value over ils expected useful life. The
depreciation rates in use are as follows..
Fixtures and fittings
Computer equipment
25%
33%
kl Debtors
Trade and other debtors are recognised al the settlernenl amount due after any trade discount offertrd.
Prepayments are valued at the amount prepaid net of any trade discounts due.
11 Cash at bank and in hand
Cash at bank and cash in hand inclLJdes cash and short term highly liquid investments with a short maturity of
three months or less from the dale of acquisition or opening of the deposit or sirnilar account.
ml Cradltors and provlslons
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event
that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can
be measured or eslimaled reliably. Creditors and provisions are norrnally recognised al their settlement amount
after allowing for any trade discoLJnts due.
n) Financial 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 transaction value and subsequently measured al their
settlement valLJe with the exception of bank loans which are subsequenlly measured at amortised cost using
the effective interest method.
ol Pansions
The Charity operates a Defined Contributions pension scheTlle.
Page 13

ELFRIDA RATH8ONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
2 Detailed comparatives for the statement of financial activities
2023
Unrestricted
2023
Restricted
2023
Total
Income from:
Donations
Charitable aclivilies..
Family Services and Advocacy
Leighlon Project
Other income
Investment income
23,708
23,708
9.481
496,008
3,376
1,702
534,275
130,650
21,207
140,131
517,215
3,376
1,702
686,132
Total Income
151,857
Expendlture on:
Raising funds
Charitable activities..
Family Services and Advocacy
Leighlon Project
Centre
4,316
4,316
27,631
472,437
160,811
8,260
188,442
480,697
Total expenditure
504,384
169,071
673,455
Net income l expenditure before transfers
29,891
{17,2141
12,677
Transfers between funds
10,817
{10,8171
Net Income l expendlture
40,708
128,0311
12,677
Reconciliation of funds:
Total funds brought forward
152,825
116,385
269,210
Total funds carried forward
193,533
88,354
281,887
3 Incorne from donations and legacies
2024
Total
2023
Total
Unrestricted
Restricted
Donations
21,911
21,911
21,911
21,911
23,708
23,708
Page 14

ELFRIDA RATH8ONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
4 Incorne from charitable activities
2024
Total
2023
Total
Unrestricted
Restricted
Family Services and AdV￿a¢Y
Camden Giving
John Lyon's Charity
The City Bridge Trust
London Borough ofcamden
Small Grants
The Fitzdale Trust
Charity of Sir Richard Whillinglon
Other income
Total
1,500
8,750
51,319
54,080
56,987
49,500
2,500
56,987
49,500
2,500
3,000
20,000
1,482
140,131
108,987
108,987
Leighton Project
Education and Skills Funding Agency
Small Grants
Camden Resilience Fund
Private Tuition
Other income
Total
246,908
246,908
900
30,000
86,154
356,780
720,742
239,866
900
30,000
15,000
86,154
356,780
689,842
262,349
517,215
30,900
Centre
Room Hire
Other Income
Small Grants
Total
4,764
1,422
2,486
8,672
4,764
1,422
2,486
8,672
3,376
3,376
Total income from charitable activitie
698,514
139,887
838,401
660,722
5 Income from investments
2024
Total
2023
Total
Unrestricted
Restricted
Bank interest
5,191
5,191
5,191
5,191
1,702
1,702
Page 15

ELFRIDA RATH8ONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
6 Analysis of expenditure
Cost of
Charitable activities
raising Family Services
Leighton
funds
and Advocacy
Project
Basis of
allocation
2024
Total
2023
Total
Staff costs
Direct
Family Services and Advocacy Direct
Leighlon Project
Direct
ort costs
Staff time
Staff costs
Premises costs
Office costs
Governance costs
88,506
39,684
217,114
305,620
39,684
348,613
353,857
39,415
99,013
348,613
5,814
22,216
9,165
8,436
1,294
72,182
29,777
27,407
4,206
100,212
38,942
35,843
5.500
97,904
41,338
36,428
5,500
Totsl gxpgnditurg 2024
5,814
169,301
699,299
874,414 673,455
Total expenditure 2023
4,316
188,442
480,697
673,455
or the lotsl expenditure. £734,091 {2023.. £504,384) was unrestricted and £140,32312023.. £169,071) was
restricted.
Support costs are allocated based on the projected time spent by the employees on various charitable
activities.
Page 16

ELFRIDA RATHBONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
7 Net income I lexpenditure) for the year
This is staled after charging I Icredilingl..
2024
2023
Operating lease rentals-
Property
Depreciation
Auditor's remuneration..
Net Audit fees
43,098
5,088
43,098
1,656
4,583
4,583
8 Analysis of staff costs. trustee remuneration and expenses. and the cost of key management personnel
staff costs were as follows-
2024
2023
Salaries and wages
Social security costs
Employer's contribution to defined contribution pension schemes
370,464
26,107
9,261
405,832
412,170
29,361
10,230
451,761
No employee received employee benefits (excluding employer pension) exceeding £60,000 during the year
(2023.. No employee).
The total employee benefits including pension contributions of the key management personnel were £ 98,470
{2023'. £56,118).
None of the trustees received any remuneration and reimbursement for any expenses during the year12023'.
£nill. No charity trustee received payment for professional or other services supplied lo the charity12023= £nill.
Stsff numbers
The average number of employees (head count based on number of staff employed) during the year was as
follows..
2024
2023
Charitable activities
Support
23
18
26
21
9 Taxatlon
The charitsble company is exempl from corporation lax as all ils income is charitsble and is applied for charitable
purposes.
Page 17

ELFRIDA RATHBONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
10 Tangible fixed assets
Fixtures and Computer
fittings
equipment
Total
Cost
At the stsrt of the year
Additions in year
At the end of the year
52,203
2,148
54,351
17,715
1,796
19,511
69,918
3,944
73,862
Depreciation
At the start of the year
Charge for the year
At the end of the year
44,710
3,825
48,535
15,544
1,263
16,807
60,254
5,088
65,342
Net book value
At the end of tho yoar
5,816
2,704
8,520
At the stsrt of the year
7,493
2,171
9,664
All of the above assets are used for charitable purposes.
11 Debtors
2024
2023
Trade debtors
other debtors
Prepayrnents
Accrued income
53,594
94,600
513
29,207
23,870
148,190
21,395
74,989
12 Credltors: amounts falllng due wlthln one year
2024
2023
Trade creditors
other creditors
Accruals
Deferred income
9,716
14,545
7,457
14,594
78,843
115,439
22,315
32,031
Deferred income
2024
2023
Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance al the end of the year
78,843
{78,8431
52,934
152,9341
78,843
78,843
13 Pension scheme
The Charity operates a defined Contributions pension scheme.
Page 18

ELFRIDA RATHBONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
14 Analysis of net assets between funds
Unreslricled Designated Restricted Total funds
Tangible fixed assets
Nel current 8ssets
Net assets at the end of the year
8,520
115,413
123.933
8.520
264.456
272.976
61,125
61.125
87,918
87,918
Analysis of net assets between funds 2023
Unreslricled Designated Restricted Total funds
Tangible fixed assets
Nel current assets
Net assets at the end of the year
9,664
122,744
132,408
9.664
272.223
281.887
61,125
61.125
88,354
88,354
15 Movements in funds
Al 1 April
2023
At 31 Mar
2024
Income Expenditure Transfers
Restricted funds:
Family services and Advocacy:
The Expat Foundation
The Fitzdale Trust
Grants for families
Camden Giving
London Borough of Camden
London Borough of C8mden CIL
Young Camden Foundation
John Lyons
City Bridge Trust
Charity of Sir Richard Whittington
WO Street Charitiable Foundation
18,142
3,658
856
2,374
27,659
16,425
711
117,9331
18601
209
2.798
856
2.374
21.972
9.323
711
49,500
155,1871
17,1021
7,624
56,987
133.7671
30,844
2,500
2,500
Leighton Project
10,905
30,900
125,4741
16.331
Total restricted funds
88.354
139.887
{140.3231
87.918
Unrestricted funds..
Designated funds:
Project contingency fund
Premises refubishmenl fund
Family support
Total designated funds
26,125
20,000
15,000
61,125
26,125
20.000
15.000
61.125
General funds
132,408
725,616
1734,0911
123,933
Total unrestricted funds
193.533
725,616
{734.0911
185.058
Total funds
281.887
865,503
874.414
272.976
Page 19

ELFRIDA RATHBONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Movements in funds 2023
Al 1 April
2022
Al 31 Mar
2023
Income Expenditure Transfers
Rostricted funds:
Family services and Advocacy-
The Expat Foundation
The Fitzdale Trust
Grants for families
Camden Giving
London Borough of Camden
London Borough of Camden CIL
Young Camden Foundation
John Lyons
City Bridge Trust
Charity of Sir Richard Whittington
44,419
2,707
856
1,874
19,178
28,000
711
9,559
177
126,2771
12,0491
18.142
3.658
856
2.374
27.659
16.425
711
3,000
1,500
50,500
11,0001
142,0191
111,5751
8,750
46,900
20,000
118,4381
139,4531
120,0001
129
7.624
Leighton Project
8,904
21,207
18,2601 (10,946)
10.905
Total restrided funds
116.385
151,857
{169,0711 {10,8171
88.354
Unrestricted funds..
Designated funds:
Project contingency fund
Premises refubishmenl fund
Family support
Total designated funds
26,125
20,000
26.125
20,000
15.000
61,125
15,000
15,000
46,125
General funds
106,700
534,275
1504,3841 14,1831
132,408
Total unrestricted funds
152.825
534.275
{504.3841
10,817
193.533
Total funds
269.210
686.132
673.455
281.887
Purposes of restricted funds
Family Services and Advocacy - ERC works in partnership with statutory services to help vulnerable children
and their families through casework and practical advice and help given in home, school or community settings.
Families Together is funded by the Big Lollery. ERC is the lead agency working in partnership with Citizens
Advice Camden to support families with multiple and complex problems.
Creative Therapies - funded by the Ex Pat Foundation.. 1..1 and group creative therapy inlervenlions for Families
Together parents and young people with a learning disability.
HS2 Family Support Project.. a service offering support lo families in Camden with multiple needs with children
aged 0-18 years old, and who are afFecled by the HS2 project (construction of the high speed railway) which is
funded by Camden Giving.
Building Relationships for Stronger Families funded by the Department of Work and Pensions
parenting programmes in partnership with the Tavistock Centre for Couple Relationships.
delivery of
Young Disabled People- ERC runs the Leighton College for young people with learning disabilities aged 1 ￿25
whose pla￿$ are funded by local authorities and the Education and Skills Funding Agency.
Page 20

ELFRIDA RATHBONE (CAMDEN}
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 March 2024
Purposes of designated funds
The Trustees have designated £26,125 as a provision against projects closing, as funding changes. This includes
provision for redundancies.
The Premises refurbishment fund of £20,000 is a provision for any major works the landlords undertake in the
premises, which would be allocated to the tenants through their service charge.
The Family support fund of £15,000 is designated for futLJre expenditure on family services.
16 Roconciliation of ngt in¢omg11gxpgndituro) to ngt cash flow from operating activitigs
2024
2023
Net income I (expenditure) for the reporting period
{as per the statement of financial activities)
Depreciation
Ilncreasell decrease in debtors
Increasel Idecrease} in creditors
Net cash provided by l {u5ed in) operating activities
18,9111
12,677
5,088
73,201
83,408
{14,0301
4,687
177,8231
21,355
139,104
17 Analysls of cash and cash equlvalents
Al 1 April
2023 Cash flows
Other At 31 March
changes
2024
Cash al bank and in hand
239,472
117,9741
221,498
Total cash and cash equivalents
239,472
17.974
221.498
Total cash and cash equivalents 2023
289,615
50.143
239,472
18 Operating lease commitments
Total fulure minimum lease payments under non-cancellable operating leases are as follows-
Property
2024
2023
Less than 1 year
1-5years
43,098
43,098
43,098
43,098
19 Legal status of the charlty
The charity is a company limited by guarantee and has no share capital. Each member is liable to contribute a
sum not exceeding £1 in the event of the charity being wound up.
20 Related party transactions
There We￿ no related party transactions during the year12023.' none).
Page 21