Registered number.. 01903408 Charity number.. 292440 THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEIY) (A Company Limited by Guarantee) FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE SOMERS TOWN COMMUNITY CEiYfRE ASSOCIATION (CAMDEN) 14al & Administrative Detsiis Thistees D Sanghrdjka- Cliqlr B Wee- Tre4fMr¢r S AtKiall8h G Chandras¢kar- appointcd 8 April 2025 N KhabirpDur- resigned 25 Jun¢ 2024 R Johnson S SLoii- resigna 25 June 2024 S Raniga J l¢nnin¥b S Oates- apwinted 25 June 2024 R Islam Company registered number 01903408 Chariiy r¢gisterd number 292440 Rcgistcrcd office 150 Ossulston Street London NWI IEE Company 5¢fT¢lary S J Elle MBE Key Manag¢m¢nt S J F.lie- F.xecutive DiTector J All¢n- Busines5 Enterprise Manager Z Rahman- Job Hub Manager Auditors Simpson Wr¢ford LLP Wellesley Hou5f [ke of Wellington Avenue Royal Arsenal London SEI 8 6SS Bankers CAF C15h Lirnited Kings Hill West Malling Kent ME194TA
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN Contents TnL4ts¢'s reptht 10-12 llldependent auditors. r¢wt Accounts comprising; 13 Stat¢m¢nt of finanrial activities 14 Balance she 15 Siat¢m¢ni of ¢ashflows 16-26 Notes to the aoU¢S
THE SOMERS TOWN COMMUNITY CEiYfRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The Man¢Ment Comtnittee submil thtir Annual Repor( togethcr with the Accounts f¢)r th¢ year ended 31st Mar¢h 2025. Governance The member% ofthe Board ofTrustees eonsiitute L*re¢tors for the purpose of the Cornpanies Act 2006 and are appointed in awrdance with the Articles of A$$1&t1n dated June ?021. Som¢rs Town Community AssociatioH (STCAI is a registered ¢hariiy and a Company Limited by Guarantee. Tt 1% by avoluntary Board orTrle£S, the only m¢mbers of the eharity shall be those persons apw>int¢d as Trustees of the charity and all persons aptK)inted as Tnjstees shall be admitted as members. Appolntrnent And lllductiDn of Trusttts lkne present Board of Trustees are responsible for the induction and training of any new members, when considering CO-OPtin8 trustees. th¢ Board ha5 regard for any specialtsl skills needed. All new tru5tee5 undergo art thentation day to brief them on their legal obligation under Charity and Company law. the content of the Memorandum and Artiele% of As%ociation. the committe¢ and decision making pri)cess, the orsani5ation plalrfsand the T¢t financial pvrfortnanbe of the Charity. Dwing the induction day they will meei key employees and otheT trustees. Trustees aTe encouraged to attend appropriate exlcrnal training events which will facilitate the undertaking of their role. Org&ni5ation The charity is or88nised in accordance with its governing documents and the deliverance of As50¢iation bu5ine5s. The Board of Trustees mett5 on a quarterly basi5 sts a5 10 manage its affairs and the day to day managernent 15 the responsibility of the ExecLrtive Director Mr5. S Elle M.B.E. The remaining staff are employed to nm key services. prL)grarnme activitie4 or have 5peLifLC adTninisXTalive or buildin8 regponsibilities. Risk M8Tragement The Board of Trustees have assessed the major risks to which the Association 1$ ¢xp)sed. in particular those reled to ihe operations and finan¢es of the Asswilon and are uiisfied that systems are in place to rnltigate cxp05ure to risk inclusivc of..- An annual review of the risk the charity may face: The esthblishment of system5 and procedures to mitL¥ate identifled and potential risks. The irnplementation of procedures designed to minimise any p)teniial impact on the charity. should thos¢ ri5k$ materiali5¢- Somers Town Community Asso¢i•tion Reserwes policy. Quarterly BoardofTrustee meetings, bi nK)nthly Sub-committee mectings inclusiveof Finanee and HR. COTnbined with quartcrly financi41 rcvÉcw mcctin85 and an Annual Budget covering Association income and expenditure. During this year the Ertiard reviewe4Jlupdated the Association Risk Registertemplate and itseontent% whilst also uwlaiing our Charity Checklis¢. Fundraiging aetivities 'lThe Foundation does not Gany out any fundrai5Lng activities.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) RUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Objectivu and activiti Somers Town Community Associalion is a Charity dediLated to providing cohesive. in¢lusive and innovative services. We strongly support empowering our comTnunity to create and spearhead an active and responsiv¢ organization. This organization aims io produce a meanillgful and positive influence at every level of people's live5. We value community in all its diversity and work vigorously with others to pursue thes¢ valu¢s. The principle objectives and principle activities continue to be to prornote the benefil of the inhabitants of the Somers Town Elecioral Ward and the neighbourhood without distinction of race, colour. nationality, ethni¢ or nattonal origin, sel marits] status. gendcr reassignment, Sexu orientalion. religious belief. disability. h¢aith. ag¢ or other opinions by associating with the local authoriti, voluntary organi5iltiQD5 and inhabitants in a common effort to advance education and to provide facilities in the interests of social w¢lfare for recreation and leisure time occupation with the object of improving the conditlOTJ5 of life for the s&id inhabitants. The strate&es epnployedio achieve the charity s objectives are io.'_ Offer a br(Trad and open programme of aclivities so as to ensure the whole comtnunity are able to access ihe ccntres programrne. En¥¢ the lo¢al CL)mmunity within ihe development and deliverance of the activities programme, utilising a muliitude of mechanisms inclusive of our webgiiolsocial rncdia, newsletters. flyerslposters, volunteering programme. community researchers, regular consultations, community forums and clcction onto thc Board of Trustees and Sub- Committees. S¢ck to ¢stablish great¢r links within the community so as to maximise our impart, in¢r¢asc our reach and our capacity; inclusive of extensive partnership and Collaborative working. Stralegic aims l. Enabling b¢tt¢r awareness of and access to health and wellbeing foT everyone in the community. 2. Ruring in¢qua]ities around access to education, training and employment for everyone in the community. 3. Building resilience and adv(Kacy.' empowering everyone in the community to access knowledge and be b¢tteT equipped to help themselves. STCA'S values identify Wh is most important to the organisation in the way it delivers the vision. mission and strategic aiTns. STCA aims to be.. Challenging and committed. working in a way that reflects both professionalism and a caring attitude. Ernpowering and enablin& working in a way th is collaboTalive community-led. Credible and truslworthy, working in a way th demonstrates Iransparency. inclusivity and ac¢e55ibility. Publ Benefit resi Under the temis of The Charities Act 2011, the Board of Trustees have a statOry dirty to report on th Charitys complionce with the Public Benefit Test. The Board of Ttwtees consider that ihe aims and obj'ectives of the Association are able to deliver a public betlefil and have given due regard io that fa¢t.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 fvJARCH 2025 Our Mission Statement and Strategic Aims. both of which have been reconsidered and revised as part of th¢ developtnent of our 2025-2030 Business Plan etsure that at all limes. we are accessible and inclusive in both our delivery and in OUT on-going development. Aciivities The principle activities during the year in the delivery of our aims and objective5 included the provision The Somers Town Job Hub. The Sl Pancras and Somers Town Living L¢ntr¢ delivering h#aiih and w¢llb¢ing servi¢e5. Community Cafe in partnership with partners Feast with Us. and Spicy Lass Community Climate Learning Ilub Health ay)d wellbeing tiVitIes. Mak¢@Storygarden. Youth programm¢ This year we continued to work with local partners inclusive ofcamden Mobile food bank Feast with Us, Global G¢n¢ration. Phoenix Court. Euston FoodbanK Cajnden Council and C4WS to ensure local residents can access food and necessities. We also continued to act &8 & warm 8pace during wintcr and a Cool Space in the summer months. whilst also supporting people to access various cost of living support funds. Organisationally we continued io work to ensure that the environment and sustainability are threaded into all Of our services and aclivities in a way that seeks to educate, inf()rm. enable and guide our users &8 to the impacts of Climate Change, but in a way that does not detract from the immediate chall¢ngeslissues that broughi them into our centres. Addressing both simullaneously. The updated Business Plan 2025-2030 developed and approved in this financial year will ensure that Somers Town Community Association delivers on our Charities mission and our charitable aims and objectives and that ouractivitieslservices and work are undertaken forthe public benefit of our stated target benefici&Ties. Ouicomes STCA'S service and project provision is focussed on the outcomes we seek for our community and beneficiartes. Some of these outcomes are listed below- Service users will be more able to make choices &- to live more independently for themselves Service users will lead healthier lives in ternis of physical fitness. nutrition &' geller hea]th awareness Service users will take more opwrtunities for personal development and learning ihrougknut their lives Individuals become active wiihin thcir communities and make posilive contTibutions towards them A sense of community whereby individuals identify w)Sitively wilh others with whom they shar¢ the centre or the neighbourhood and feel they belong Within those communities an IreaSed commitmeni io care for and io include those who are either vulnernble of excluded Increased awareness of environmental issues &' practices of susiainable use and reuse of natural resources Increased social inclusion &: recognition of the value of diversity
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 Improved community saf¢ty &' reduced fear of Crime Reduced loca] unemployment by providing SUPTXYrt, training &- advice to those seeknng work Growth of new employment opportunities through the d¢velopm¢nl of n¢w I(1 scrvices and social enterprises More active living by providing a prograrnm¢ of activiti¢s that actively engages people mentally andlor physically Improved social cohesion by increasing acquaintanceship, friendship and social intcraction between different group5 and individuals in the community Beller mobility and access for those with mobility problems through affordable transporL accessible facilities and inclusive programming A¢hiev¢ments performance Achievements and perfomiaTKe The fin&ncial results foT the year are set out in the Statement of Financial Activities on Page I l. The A550ciation has a deficit position of £20,337 which is madc up of a deficit of £22,168 on core funds & a surplus of 1.831 on restricted funds &8 at 31 March 2025. The Board of TneeS considers the following to k key achievemenis on this year:_ New In¢omin2 r¢your¢es l. Camden Council Economic Development £76,884 {Job Hub) 2. LB Camden- Future Neighbourhood- £272,339 3. Phoenix Court Works donation- £25.000 4. T Factor Community £21,458 5. Camden Advi¢e Partnejship £20,000 6. Refugee Community food Space £10.480 Performanee During this year the strongest statement that can be made is that we are financially soun& we have held onto ail of our staff for this financial year arhd ai least the next 12 months ahead and we have the requisite six moDth5 of Nnning expenditur¢ for both STCA core and the Living Centre. Flllanclal review The statement of Financial Activities shows income for the year as £956.328 {2024: £1.003,420) and totsl exp¢ndituJE of £976,665 (2024- £855.807). There is An overall defiCIt position for the year of £20.137 (2024'.surplu5 of £147,613) which is made up of a surplu5 of 1,831 on restricted (2024: £77.937} and a defi¢il on unrestri¢ted of £22.168 (2024.. surplu5 of £69,676) Reserves Policy The Board of Trustee has examined the Charity'% r¢quirements for reserves in light of the main risks to the association. It has establish¢d a policy whereby the unrestricred funds not committed but held by thc charity should Ix 6 tnonths of the planned Centre and GoVer[nCe expenditure. Budgeted exp¢ndilure for 2D25-26 is £176,367 for the ¢ore hence ihe Board of trustees consider the year-end ball£¢ to be suificient to meei this commitsnent. Similarly. thc Living Centre's budgeted expenditure for 2025-2026 is £318. 625 is sufficicnt to meet this commitment. The reserves are n¢ed¢d to meel the working capital requiremenis of the chaTity, and the Board of TrsteeS are confident that at this level they would be able to continue the Cuent a¢tiviti&8 of the association in the event of a significant drop in funding.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION
(CAMDEN)
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025
The reserves are needed to meet the working cttpital requirements of thc charity and the Board of Trustees
are confident that at ihis level they would b¢ able to continue current activities of the &8siKiation in the
event of a signifiLani drop in funding.
Enabling better #wareness of and access to h1th wellbelng for everyone In Ihe communlty
To continue to work with our health partners and wider networks to develop and run an open and
accessible programme of physical h¢ylih aeiivitie51services ihe Living Centre and STCA
To fundrdise to be able to conlinue lo deliver OUT Cook it Yourself 5¢ssions. linking in health and
Well]ng. healthy mindlbody and planet recipe advice and food waste reduction tip& beyond the
conclusion of the FN2030 progratnme funding in September 2025
To LL¥e core reserves to fund a Women's Healt Safety and Advocacy Lea
To fundraise to be able to Continue to deliver our Grow it Yourself sessions and link in with the
Cook it Yourself sessions and the Clim*Lte Community Leaming Hub. b¥yond th¢ conclusion of
the FN2030 progrdmme funding in SepteTnber 2025
I'o woik more closely with older persons delivery partners inclusive of Living Centre partners Age
UK Camden. Origin housing and Healthwatch Camden. To increase awareness and acces5 to health
and wellbeing services delivered in the locality for this priorily group.
To continue to work with Children Centre S¢rvic¢s io support the development of the Family Hub
etwork in the locality
To undertake review of bi- Tnonthly new%letter%. to Tnaximi7£ reach, whilst looking to redu paper
usage. priTrt costs and footprini of our communication materials. This will include looking
al alternatives to paper and print
To look io esrablish an annu Health & Wellbeing partneJ3 event during Februarytmarch to
showcase our worklresources and identify future collaborative potential
To look to run a Prostate Cancer event during Movember with Pr05tate Cancer UK
To look io run Living Roorn style Mental Health sessions in partn¢rship with experts in the field
of mental wellbeing
To estsblish STCA dnd the Living Cenlre u5 Warm spes and Cwl Sp
THE SOMERS TOWN COMMUNrrY CENTRE ASSOCIATION (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 FARCH 2025 To undertake a review of what sort of Employer is STCA and wants. to be for its employees. Looking at everything from 8alarie.q, tems and conditions. llexible workin& pensions, EAP, relevant policies, to 4-day week.8 & ¢onden5¢d houTS. The aim being that the review will go to January 2026 board meeting for board ¢on5ideration To act &8 h05t for th¢ Somers .1 own Compact Manager post on khalf of the British Library developers Building resilienee and adv0¢4¢y: ernpowerillg everyoDe ID the community to Aceess Itnowledge and be better equipped to help themselves To continue lo work with the Brilish Library developer8 and Global Generation on the What Next for the Story Garden and Make beyond 2025. in¢lusivc of di5cussion5 around meanwhile space use after ihe site rnoves into development phase of the new B Tltish Librory To act as an exemplar model for the community and b¢yond as a model for oiher centreslVCS organisations on the climate behayioural chdnge narrative through the development of the Climate Community Leaming Hub at STCA. our physical ¢eniers. wider prograTnmcs and activities and ¢nsuring our siaff are upskilled to meet the challenges ahead. To continue to work towards becoming a Carbon Literate organisation Bronle, Silver and then Gold 2025-2026 and 2026-2027 To wntinue to lead on the Business, Employnent Education and Training sub-group of the Somers Town Neighbourhood Forum, &$ part of L¢hieving designated status of the local pian for ph&s¢ 3 of the Som¢rs Town Future Neighbourhoods 2030 programrne To Continue to build a c105er working relationship with STLAC (SOM¢ Town Legal Advice Corner) To establish Consulting STLA, lo launch in April 2025. which will work with srnalllmediurn group5 to UP5kill and 5UPPOrt. This was rolled forward lo 2026-2027 To use reserves to fund the Buili Environment Lead post at STCA to support the work of the Somers Town Neighbourhood forum in achieving designated Neighbourhood status, Whil also fundraising for the refurbishment of150 05sulston Street and widening understanding of the built environment and the role it plays To run our annual COP event to coincide with the COP30 in Brazil ioth to 21° November Somers fown Community Associalion (STCA) is a registered charity aThd a Company LimiLed by Guarantee. It is run by a voluntary Board of Management Committee memb¢rs mude up of groups using or based at the centre and people who live or work in the local community, who have come together in common effort to provide low Cost adivities for p¢ople who would not otherwise be able lo cesS them. S¢4tem¢llt of the Board of Trustees Responsibilities The members of the Board of Truste¢s are responsible for preparin&y the Annual Report and th¢ Finan¢i21 Sthiements in accordance with applicable law and rewlalions. Company law requIS the members of the Board of Trustees to prepare financial statements for each financial year. Under that law, the members of the B(wd of "I'rnstees have elected to prepare the financial statement in aOrdanc¢ with United Kitlgdom Generally Accepled Accounting Prdclice (Uniled Kingdom Accounting Standards and applicable law). The fancial slatem¢nts required by law to give a true and fair view of the stale of affairs of the company and of the surplus or deficil of the company for that period. ]n preparing these fil)¢104 statemenls the members of the Bo8rd of Truslees are required to:_ select suitable accounting policie5 and apply them consistently make judgement and estimates that are reasonable and prudent prepare the financia] statements on the going concern basis UT)Ic5S it is inappropriate to presume that the Association will continu¢ its tiVitIes.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION 11 (CAMDEN) TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The members of the Board of Trustees are reswnsible for the management of the Association's activities in a¢cordan¢e with its Memorandum ltnd Articles of Association and the keeping of proper aoUnting records which disclose with re&sonable accuracy at any tirne the financial position of the Associalion, to enable them to ensure that the financial ststements comply with ihe Companies Act 2006. They are also responsible for safeguarding the assets of the Association and hence for taking reasonable steps for the prevention and detection of fraud and other iTregularities. Di8¢lo$ure of information lo auditors In accordance with company law. as thc Mcmbers of the Board of Trustees, we certify that.. So far as we arc &war¢, ther¢ is nn relevant audit inforni1On of which ihe company's auditors are unaware; and a5 the MemEf rs of the Management Committee we have taken all the steps that we ought to have taken in order to make ourselves aware ofony relevant audit inforniation and to establish that the harity's auditOTS are aware of that inforniation. The trusiees have complied with their duty in section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission. Signed on behaifofthe board of Trustees on Zqliilt•£ D Sanghrnjka
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR EIYDED 31 MARCH 2025 Opifftio We have audtfed thc financial thtcmcnts ofl1)c Somcrs Town Community A&wciation {C3mdenl {the'Chxity'l for the ye8r ended Jl March 2025 which comprise th¢ StaTll¢llt of Financi A¢tiviti¢s, Balan st¢t and the related notes to the financial statemcnt& inclLwJinE & summary of signili¢ant a¢Lounlin¥ txTrlicies. The fjnancial r¢poning fraNwork tha¢ ha5 been applied in tlT pparatIOn L5 applIL1¢ law and United IQngdom Ac£ounting starards. ittluding Financial RCJx>rting Stan(lard 102.. Thc Financial Rcp)rtit)g St8ndard appIlble in the UK and Republic of Ireland (United Kingdom Generally Accerrted Accounting Pr2Ctice}. Itl our opirri0 the fmancial slarem¢nts'. give a true and fair view of the state ofthe Chariry's affairs as at 31 March 2025 and of its iKoming Te50ur(ts A]]d application of resour for the year th¢n end¢d. have Fen prowly prepared in a¢cordan¢e with L'nid Kingdom Gettrally A¢¢¢pt¢d A¢c4)unting Practi have Fttn pryrcd in aLxordance with the rtquiremtnts of the Companitt Ad 2006. l¥ foroplnlo We conducted our audit in accordance wilh Intemational Standards on Auditing (UK} IISA$ IUKII and applicablc w. Olf r[X)[L%1b]litses Utxlcr tknsB Stat3rd8 are fith de¥cribEd in the AuditOT'5 r¢5p)nsibiliiies for the audit of the financia] Stalenn(S SÈXtion of our rcport. We are independetti of the Charity in acLM)rdance th¢ ¢ihical t¢quirtstAtrtIcvatO ourauditofthc firwjjciai swementsinih¢ UK, inc118theFRC'8 Ethitsi S¢andard. and have fulfilled our other ethical rcsrx)nsibilities ifft accordance with Ihtse 2rqullEments. We 1]¢ that the ajit widenc¢ we have obtained 15 sufficient and appropriate to provide a b15 for ouropinion Con¢lu8iom$ reJting to goithg concern We h8ve nothing to report ill r¢sF¢ct of the following mattcrs ill Telation to which the ISAS IUKI rcquirc to rep)rt you Htre. thc tru5LeeJ' uye of thE 80in8 LI)£M basi5 of accoujrting in wtpatation of the financial stst¢ments is Tr)t appropria£e,' or trus¢s hav¢ rK)t dI)05¢d in Ik firwjriaj 51at¢rn¢n15 any identified t[[13] trIal]ItIeS that may ca 3i8tiifi£8Lt about the Chtrity's ability to Cothitille ty adopt tht going concttn b&8ig of a¢Lrtl8 for iod ofat ieasl twelve tN)nths Irom the dY4te when ihe linancial statenKnts atr authorised Iss. Other informAtion The tru5tets responsible for the oth¢r IDfor[r1O. The o¢h¢r information compris¢s the information inclu(kd in th¢ OlMl re[rt other ihètt the financia] statements and our auijitor's r¢wrt thueoTh Our opinioo on the atcmcnts does not cover the other information and. ¢xccpl to thc ¢xtcntotlmi expli¢itly ststed in ow rcrK)rL do not express any form of sanCe conrlu5ion thcrEOn. conttction with our audit of the rjnancial staTnent4 our respDnsibilily 1$ IQ Tead othcr inf0T[ttIOn and in doing so, con5Lder vtheth¢r th¢ othET inf0mtIott is materially inconssstcnt wilh finoncial 5tatemtnts or our Imowkdge obtained in ihe audii OT oth¢rwis¢ lo IK ma¢¢ria]ly tni%statEd. If we identify sh material incon%stelcs or apparent material misstat¢tncnt4 we ar¢ rcquired to deiennine whether there is & mateyial misslm¢ni intht fuvttcial stBtemenisoT a Inaterial Mi¢ennt ofthe otlKr infortnation. If, work w¢ he rfornJed. conclude thaithEre is a tnat¢rial misstateTtnt of thisothcr infornwion. we are required to YerK)rt We have rthing to reFx)rt in this regard. OpiDions on ot&er matters prestrlbed by the CompAnit5 Act 21106 lnouropin1o bd on tl work undeJtskeTr in ts course of tk 8j11.. finanGial yrar for wbirh the financial xuetnents are par¥I1 is c4)nsiAeni with the financial 5ta*ments.' and th¢trustets' rert(u]c0IratIngthe 5trate8icreportandthc directOTS' rcFort)hHv¢b¢¢nprepared iCordI¥L¢e with applicable legal wuitements. 10
INDEPENDENT AUDITORS) REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUIYITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR EI¥DED 31 MARCH 2025 Matters on whleh we Are reqirired to report by uetptlon In the lightol'the knowlcdgt and undeNondingofthe Charity and 11$ Envimnment obtaid in the course ofthe awli¢ w¢ have not identifioj material 5¥11¢¢1Its ill th¢ Tntyt¢¢3' Annual ReporL We havc nothing to rert in rE5P¢Ct ot-Ih¢ followyng nJott¢rs in relation which the Companics Ad 2(K)6 requir¢s us 10 wort lo you if, in our tspinion.. adequatc accounting rccord5 have not be¢n kem or retums &d4ate for our audit have tt bEtn reeeived from branc5 EJOt visid by us: th2 financial staiemcnis arc not in agreemeni with Ik accounting records and tUrns. e have not obtaincd all ihc inforniarion explanatiOll5 nec£55Jry forthe PUrSe$ of our audiL and take advants8e of the stnall coIIipanics' exemptiott in tYeparin8 thc directors. rqxlrt atkltakc advant4e of the small companics. cxunption from therequiremcnt to preparc a5trat¢Eic r¢p)rt. Rtsponsibllitiu of the trustees As uplaine41 morc filY in thc trustets, respllsibilities statellTht set oui on p2gcs 9-10. ttr£ tnL8tccs are reSp0tlbk for the prepamtion of the financial ements and for being satisfied they give a true and fair view. for sh internal control a5 th¢y (ktermine is neEarY to enablc preparation of financial tat¢ntI that ale free fiDJn Mit¥T1 misstatrmertL wh¢th¢rdve to frdud or ermr. In pr¢paTI thr stDtm¢nts. the trtreS are r&%ponsible for ayset4ing the Chtirity'$ ability to ¢oJit]rn as guing wncem. disclosing. as applicable. matiers relaied lo going wncem and using the going Lonctm b&8is of accounting unle55 the tN5tee5 eith¢T illteJ)d to liquid tk ChaTity or to Ce (Fp¢r&tion4 or have r¢aJi8tic aliernativt bul tu du w. Our re5PQn5ibilities forth¢ xudlt of th fithAknt121 statemellts Our 0tiveS are to obtain r¢&gonabk assurance aboui whether tk r)nancial 5th1ernents a whole are free frorn at¢Tia] missta¢emrt whthr due to ud or error, at¥J to issu¢ an alIOT.5 l¢PQrt that includes our opinioiL Kea8onablt L%urance is & high levtl i)f $UraL hut 18 IM)t a gusrnnttc th&t an &udit eonducted in )rd8th¢¢ with ISAS IUKI Mill always detect a matcrial rnis5tatrment when it¢xists. Mi55tafrment5 can arise from fraud or error and 8Jt c(Jtldered material if, individuojly or in the aggTegat¢. rlty could reasonably be exrKcted to infiuee the ecoTh)rni¢ decisions of ustrs taken on the basis o( these financial stsietnenis. A furUr d¢soiFliun of o responsibilities for the audit of tk financial sthiemenrs is lo¢ai¢d on Ihe Financial R¢pottin8 11,9 websitt It Iwww.froorg.uklauditorsr¢Bpon5ibilitie$l. This description fonns part of ow audliof's report. Extent to whith iht adit toiisidertd c•pable of drfe¢ting irr¢Bularilie¥. includiog fraud englInt partner ensured that Ihe engagement iewn collectively ha4 Ihe appropriate competence, ¢yhilitie% and skills t(J identify ntsn-tompliance with applicabl¢ l&ws and regulation5' we identified the laws and regulM)nS applitsble hi the compan} through discussions with diTertQT5 aT other mameL and from our commerLial knowkdge and experi¢nc¢ Df the computer softwaTt and support sector. rocd on tIffic laws and regulalion5 whith we considered may hav¢ a diTeCt materia] effeet on tr financial MatellntS or tIK 0MI0S ol'ihe company. including the Companies Aa 2006. data protection at FCA TEgulation; we assessed the extent of compli&nL% with the laws 2nd ]egulatiorts ithntified alKFve IhrDugh making ¢tLquiries of gernent and inslxcting legal corrtsponden£t.' id¢ntifi¢d law5 and gUlatIonS re communicatrd wiihÈn the wdit team regularly and the team remined alert io ingtances of non4omplianre throughout the audit. Audit resTM>nse to risks idrnlified We assessed the susceptibility ofthe compaTLy'5 finanEid 5ts*nThts t(irnat¢ri41 mi38t4tmrnl includingobthllun8aD undetstsnding of how fraud Tnight occur. by.. making enqUIri nf mat4¢MlIt &$ kn whcre they con5idervd therc was susceptibility to fra their knowledge of actual. 5uspe£ted alleged fraud: and considering the internal tonlrols in place kn mitigate risk5 01- fraud and non-complice with laws and rcgulaiN)ns.
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) FOR THE YEAR ENDED 31 MARCH 2025 To addrc5s th¢ r55k of fraud through managemellt bi&8 and owerride ofwntri)W w¢.. forrned analytic PTocedle5 to identify any unusual or un¢xp¢¢d relationships., journal ¢ntri¢s to identify Unusu tranStioT. essed Wheth judgcmcnis and assumptions made in thtcrmining ihe acc47untin8 cstimaltts set out in Note I wcr¢ it¥Jicative oftxjteniial bias and investigthl thc ratio1¢ bchind 5ignificwnt OT unusual transactions. In rc5pon5C totlK riskof iTrcgularitiLS and non-compliartt wtth lawsand rcgulation4 we d¢sign¢d Proc[¢5 which ittlude4 but not limittd to: agreeing financial statcmcni disclosurcs to uthlyitlg SuprtIng documentstion and. etwuiringof maJ)ag¢tn¢nt as to actud and poniial litigation and claitns. Thetp are inhertnt lirnitaiions in ourAudi¢ pfoL%dure$ des¢ri aVe. Th¢ more removcd that laws and regulations aTE fitmncial transaction5, tIK le likely il is twe wY)uld trKconK aware of Th)n-compliancc. Auditingsland4rdy a150 limit the audit procedures required identify non-complianct with laws and ]Esulptions to ¢nquiry of thc dtOrS and othcT rJ)anag¢ment and the insrKCtion of r¢8ulatory and 1 corresrx)Thdety if any. Matcriai mi5*atemcnts that arisc to fraud can bc harder to detctt tlkqn thts that ari5¢ frotn ¢rror a5 they rnay iDvolve deliberate corKealment or collusion. Use of our report This re is m•k ]¢ to thc Charity'5 membtrs, a5 a Ixjdy, in accorthce with 3 of Part 16 of th¢ Cornpani¢s Act 20(k6. OUT audit work has been und¢rtak¢n that might state to the Clwity's mem18 ttLOSC matter¥ ar¢ r¢quir¢d (LI 51al¢ tLI tIKm irb an auditor's und fur no other purr0. To th¢ fullest ext¢ni permitted by law. we do notaccepl or assume re5wn5ibility to yone otherthan ik Charity's membcr5 a b(y. forour audit
rl fi>r this rep)¢ or fortk opininns ha fomKd. Kate Taylor FCA (Senior Stwtsltory Audilorl for bthllf of Simp0 Wreford LLP. Statutory Auditor 'eUcsl¢y House Duke of Wellington Av¢n Royoj Ars¢nai Lmjdtsn SEI¥ 6SS Dated.. 23 202S. 12
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAlklDEN) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 UnTrstricled 2025 Retrietd 2025 Totsl 2025 Totsl 2in4 Note 1come from: GTant8 and donat#Trns 113.015 113,OlS 112.613 Chardable activities 141.015 682.174 823.189 874,650 lthvesbncn¢ cOm¢ 20.124 20,124 16.157 T•**1 Intorne 274.154 682.174 956,328 i (M)3 420 Expthditurt on: Raising funds 3.938 Charrtabk activities 13.233 718.821 732,054 670,991 Orffttujn of cgnire 244.611 244,611 180,878 TolAI Expenditu 257.844 718.821 976.665 855.807 Trnnsfer betwttn futsds 13 138.478) 18.478 Net M0mt of Fund¥ (22.1681 1.831 120,337) 147,613 Reconciliation of fixnds Funds at l April 2024 Fund$ 4131 Mgr¢h 2025 579.340 557,172 217.637 219.468 790.977 776.640 796 977 The Staternent of Financial ActivitiC5 includcs all gHin5 and Ios5C5 in thcyear. All incorne and expcnditur¢ deriv¢ from continuing activities. The nots5 on page5 16 to 26 form part ofthese fina[la1 statements. 13
THE SOMERS TOWN COMMUNITY CENfRE ASSOCIATION (CAMDEN) BALANCE SHEET AS AT 31 MARCH 2025 2025 21)24 Note Debtozs Cth at bank und in hand 44.490 790.858 835.348 77,872 758,535 836.407 one year {58 708 ASSE15 776.640 796,977 RestriCtTr UnrLrfridtdf#n DeSIted Youth Funds 13 13 219.468 217,637 3IYJ,297 22,601 234,274 557.172 302,886 22,601 253,853 579,340 Living Centre General Fund 776.640 796.977 The x¢ounts have been prepaTed in accordance with lh¢ sp¢¢ial provisions of Part 15 of the Compani¢s Act Telating to small cowllpanies and ¢onstilUte the annual ac¢ounls requir¢d by the Companies Act 2006 and in &ccordance with the Financia] Reporting Standard in the UK and Republic of Ireldnd (FRS 102). The financi 51atcm¢nts (Trn page$ 16 to 26 wer¢ approved by the Trustees on their behalf by and signed on D Sangbraik& Chair Company Number". 01903408 {Eng]and & wes) 14
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) STATEMENT OF CASHFLOWS FOR THE YEAR ENDED 31 MARCH 2025 2024 Funds C*gh frnth 0[1% AttivId. Net T•sb pTred by OPEThth% Actlvftle4 12,199 66,046 C nrjwy Inv¢Jthg firtivitiu: 20,124 20,124 16.157 16.157 N¢t pded by Inmthi8 A¢tlvltles Change and ch quivaients in the twrttiigpernd CL8h find cash quivalents at the bewfftg of the reporbt2gp¢ryNJ Cdi and clsh equivalcnts at th¢ of the lwrtiperMja 32.323 758,535 790,858 82203 676,332 758.535
THE SOMERS TOWN COMMUNITY CENfRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 l. Accounting Polieies J.1 Accowtring convention The financial statements have been pPared in a¢¢ordan¢e wilh Accountin¥ and Reporting by Charities.. Statem¢nt of Recommended Practice #ppli¢abl¢ lo charities pr¥puring ih¢ir accounts in accordance with the Finan¢ig] R¢wrting Standard applicable in the UK and Republic of Ireland issued in October 2019. the Financial Reporting Standard applicable the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011, the Companies Act 2006 and UK Genera]ly Accepted Accounting Practice. The Somers Town Community Association {Ca]ndenl meets the defiuition of a public benefit entity under FRS 102. Assets and liabilities are initia]ly recognised at historical cost or trdnsaction valu¢ unless otherwise stated in the relevant accounting policy notes. The Tree$ consider Ihere are no material un¢¢rtainties atrf)ut the chIty's ability to continue &5 a going conc¢rn. 1.2 Charity infonnation The Somers Town Community Association (Camden) is a registered charity. registration number 292440 and in ¢onsequenee is exempt from tsxation on income arising from and expended on its eharitablc aclivilies. The charity is a company liwnilcd by guarantee. in¢oTporat¢d in England and Wale5. Th¢ registered office is 150 055ulslon Street. London, NWI IEE. The financial statements ar¢ prepared in sterlin& which is the funclional currency of the charily. Monetary arnoullts in these financial stat¢m¢nt5 ar¢ rDunded the nearest £. During the year. the affairs of the Association were managed by the Comrnillee of Management who constitute Directors for the purposes of the Companies Act 26. In the event of the charity being woulld up, the liability in respect of the guarantee is limited to £1 per member of the charity. Th¢ finaThciai statements are prepared under histori¢al cost convention. 'lTh¢ principal accounting polici¢& a]1 of which have been applied consistently throughout the year. 1.3 Going Concern At the time of approving the financial statements the trustees have a re&sonable exF¢¢tatic>n that the charity has adequate resour¢¢s to continue in op¢r8tionBI existence for the for¢¢ble futur¢. 'fhus the trustees continue to adopt the going concern basis of a¢wunting in preparing the financial 5tateTnents. Th arc no material un¢ertainti¢s aboth ihe charity's abiliiy io continue. 1.3 F£dASSelS The cost of all equipmenl acquired is written off in full in the year of acquisition. 1.4 Income & Expenditsre recognlHon aiklsuppori Cosls allocation Income is recognised when the charity has entiil¢ment lo the fund5, any performance conditions attached ) the items of income have been met, it is prob&ble that the income wtll be received and the amount can be measured reliably. 16
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 The Charity derives a substantial prvportion of its income trom centre activities funding for specific projects and in recent years. letting ineome. Such funds ure recolSed and entered into the aountIng records when they are received. Coronavirus Job Retention Scheme (CJRS) grdnt income is presented gross (and nol netted off against exp¢ndiiure). Income is deferred whcrc there is no entitlement for the funds As at the balance sheet date. Other income. su¢h as bank inieresL is accounted for when receivable and the amount can be measured treliably by th¢ charity. this is normally upon notification of interest paid or payable by the bank. All exp¢nditure is accounted for on accruals b&8is. 8uptM)rt costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs. governan¢¢ rosts. administrative payroll Costs. They are incued directly in support of expenditure on th¢ obJts ofihe charity and include project manag¢Tnent ¢arried out at b)th centre5. Where support ¢osts cannot be directly attributed to partiCLJlar headings they have been allocated to cost of expenditure on charitable activities on a b&sis consisient wilh use of the resources. Debiors and creditors receivobldpayuble wiilun op7eyear Debtors and creditors with no staled interest rate and receivable or pay&ble within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure. 1.0 ChÉrritabl¢.fund% Unrestricted fund5 are revenue funds. principa]ly Grant Aid, and Letting income Ld to the association on a day-loday basis. Th¢se are llvailable as general funds or for purposes as designated and agreed by all the Trustees. The Asso¢ialion have discretion to Use such funds within the framework of its annual grant application to Camden Council arld in line with the conditions of Grant Aid. Designated funds are unrestricted funds earmarked by the Trltee8 for IwticulAr puwse5. Restricted Funds are granis received from any source foT the sole use of s¢IfiC projects for which the funding was grantcd_ Ai the discrelion of the Management Commiltee. once a project has tulfilled its conditions. remaining balances are permitted to be transferred between appropriate funds. 1. 7 Finonciul instrwnents Th¢ ¢harity has elected to apply the provisions of Section I I 'Basi¢ Financial Instruments, And Se¢lion 12 'Othw Financial Instruments Issues. of FRS 102 to all of it5 fiTwicial instruments. Financial instruments are reCOlSed in the charity's balance shegt when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset. with the nel amounts presented in the financial stat¢ents. when there is a legall). enforceable right tQ S¢t oifihe recognised amounts and ihere is an intention to settle on a nei basis or to realise the asset and settle the liabiliiy simuli8neously. Basic fin8n¢ial assets. which include debtors and cash and bank balanccs, are initially measured at transaction price including transaction cosis and are subsequently carried al amortised cost wsing the effective interest method unl¢55 the aangement constitutes a financing transaction, where tbe transaction is measured al the present value of the future receipts disLounted a market rale of interest. Financia] a55et5 CIlfIed BS receivable within one year are not amortised.
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 3 I MARCH 2025 Basic fjnancial liabilities, includitkg creditor5 and accruals are initially recognised at transaction price unless the arrdngement conslitutes a financing transaction, where the debi instrutnent is measured th¢ pr¢s¢nt value ofthe future payments discounted at amarket ratcof inteTest. Financial liabilities cla&sified &s payable within one ycar ar¢ not amortiscd. Trth ¢reditoTs are obligations to pay for goods or servi¢¢s that hav¢ been acquired in the ordinary cours¢ of operations from Suppliers. Amounts payable are cla55ified as cuent liabililies if payment is due within one year or less. If not, they are presented as non-CUTrent liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest meth. 1.8 Relirement benefits Payments to defined contribution fftirement benefit s¢hemes ar¢ charged &$ an expense os they fall due. 1.9 Lease Rentals payable under opernting l¢&ses are charged to the Ststem¢nt of Financial Aclivities on a straight- line basis oveT the period of the lease. 2. CritieAI accounting tIm¥•teS and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and wumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and SOciated assumptions are bd on historical experience and other factor5 that are considered to k r¢levant. Actual results may differ from these estimates. The estimate5 and und¢rlying assumptions are tyviewed on an ongoing b&%is. Revision5 to accounting estimates arc r¢rognisd in Lhe period in which the estimate is revised where the revision affects only that period. or in the period of the )Evision and fulure peri(NJ5 where the revision affects both Current and futw¢ periods. 3.1 Grants and donations Unttitiitted 14estiic¢¢d 2025 21J15 Tots12025 Tots12O24 GTr#ts Donati•D• 28.015 28,015 27.613 Borough ofcavhlen 85,000 112,613 113,015 113.015 18
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 32 Charitable income UNrEstrictcd Restricted Tot1 2025 T•tl 2024 GNtJ amd Dortts)th$ DOnalS Lopthpj Borougli ofComdepR Strat¢8r Partn¢r Fundulg 28.015 28.015 27.613 112.613 Llnn$trietrd 2015 Rtstrictcd Totql 21125 Total 2024 Charitblt tllviliey Loca] Trust 18.693 56,055 20.000 30.UOO Amr. r..mploymeni Projwt ILB Cnden) C8mik"n Advt¢ Parthip Camikn Heahhy Livll Centre Canid¢n Youth FoundatH)n .am(kn- Fuiut¥ Ne4hb)urhMd Communty Kitchen Euro 2024 FTatt¢iq Crk Institute Francis Crk Institute- Cook Projecl Fuiure NcEhlM)uthood Fund Job Hub John Lyons Kitchen SOCBI Letting IDcoJn¢ Livingcentre Hwe Nai#inal T.oll¥ry Sports Youth N¢hbourhood Fontm Printing Project PhoenixRoad Activglor R#fug<e Comrnunily Food Spac2 Rr¥ilKnic Community Funding T Factor Cortununty Journal VAC Café Incom¢ Sundr). l]Kom¢ 76.884 2D.000 76,¥ 20.(M)O 265.050 22.047 1.842 224.140 22.047 1,842 224.140 215,106 ?72.339 272.339 280 45.000 2,5(K) 33,549 99,731 13.521 34.487 102.216 34,487 102,216 12,51K 2,358 IR,126 10.480 2.3511 18.12 10.480 30,0 6.628 11.076 21.458 21.458 i.xo 2.512 1.800 2,512 12,461 823 189 874 650 254.030 682.174 93A2U4 987.263 19
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 4. Income by adivity 2025 Totsl 21125 T•tsi 2024 AdvKe BME Employmet)t Pmjcct aimatt Act# FuDd Communtiy Kit£h 20.OIN) 76,884 20,(KKI 76,884 20,0 56.055 18,693 5.0(M) 314,837 22.047 224.140 1.842 272.339 22,047 326,356 1,842 272,339 102.216 EUTQ 2024 Futur¢ Nelb)UrhOod Heakhy Liyll Ct Job Hub Joho Lyws 265,050 30,000 2,5(* Ne¥hbDUIho( Fojmt Pritlting Proj¢ct 12.500 1358 IL126 10.480 11500 2,3S8 18,126 10,480 Refugee Commwiiiy Food Space 30,0 149,660 13.521 13.963 Somm Town Cmtr¢ srts Youth Summer You 147,302 I47,52 4.312 4,312 21,458 T FaL#or Community VAC Youth CIL Youth Gwlq 21.458 6,628 11.076 5.OIK) 5,OIK) 254,030 682 174 936,204 987,263 234,030 681174 936,204 987,263 20
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 5. Totsl expenditure C¢Bt S*ppllrie•• Thti12•14 1.747 1,748 3.495 3.582 02 Bad&L 19.54S 4.59) 1610 5.350 20.5WA 1.347 1,347 Audit FeE LE1& 0.170 6,170 5.947 IID17 24047 151.519 222 5,725 8.576 13.826 123.796 s139 143.755 Prem5 CWIJ Staff (¢5 3B.018 154499 7.893 493,2L17 651, 4.314 7,356 976665 AudiiFtt B8Dk¢bKI 3.085 3.085 (621 21
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAIIIDEN) DETAILED STATEMENT OF FtNANCIAL ACTIVITIES FOR THE YEAR El+4DED 31 MARCH 2025 6. Expenditure by activity Activity u$tricted Rest¢(ed Total 2025 Total 2024 Advice Award5 For AU BME EMpTh¢nt Projert Breakf&st Club Bulldin8 Camden Giving Emptoymet)t fijnd 6.381 2.024 88,393 29 3,752 1.052 6.381 2.024 88,393 29 3,752 1.052 17,625 2,822 22.261 52,453 27,949 31,660 C]inats ACtll Fynd Cojnrnunty Kitchen Crick Euro 2024 Future Nelb0hoOd Healthy Livtiig Job Hub John Lyon8 Ktiehen Social Phoenix Activator Printg Project Refugee Communty Food Space Re5iiience Communty Somers Town Centre Sports Youth Summer Youth 2022 T Factor Colnmunity VAC Youth Youth Café Youth GrLs Group 24,480 334,933 2.333 184.483 11,884 24.480 334,933 2.333 184.483 11,884 252,688 158,368 9,040 102 50.119 522 15,135 1.8BI 9.480 15,811 15,135 1.881 9.480 15,811 244.61 I 3.454 13.638 182,910 381 14.190 6.628 11.076 244,611 3,454 7,470 7.470 13,233 768 607 5,846 257,844 718.821 976,665 855.807 22
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 7. Staff costs Staff costs for the yearw¢r¢ 48 folknvs.. 2025 2¥24 WaBE5 and saknries Social security co$$ (Xber p¢nsi)n w818 597.577 43,042 532.774 38.506 651706 581717 Thr &Ycrnse number of ¢mph)y¢¢8 duriD8 the year, calcu]&ted on th¢ of tllnc staff. was &8 folbws.. 2025 Number ofcentre Stsff 40 36 No tu]p]QyE¢ Wa5 pa¥] a saluy yuter thall 1,(m)0. 8. Debtors 2023 Trad¢ d¢btl)T5 A¢¢nd income Prepayments and other debtcKs 31,894 54.656 6.628 16.588 11,494 44,4) 9. Creditors 2025 2024 Trade creditors Accruajs and oth¢r creditors Deferred income Taxation gnd social secwity* pension 11,661 15,784 17.071 5,553 6.360 17.785 9.732 10. Taxation ststus The charitable company is exempt from corporation tax as all its income is charitable and 15 applied for charitable PuOses. 11. Related party transactions The Key Management Personnel of the charity comprise the Executive Director, the Dcputy Director, and the Job Hub Manager (2024.. 4). The total employee benefit of the key management personnel for the year was £147,531 (2024: £178,103). The Management Committee have not received any remuneration and no travel or meeting cxpenses were reimbursed to trustees during ihe year {2024: Nil). 23
THE SOMERS TOWN COMMUNITY CENfRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 fvL4RCH 2025 12. Trustees penseS None of the trustees (or any persons connected with them) received any r¢mun¢ration or benefits from the charity during the year (2024: Nil). 13. Re¢oDciliation of fvnds April 2•24 FJpeidlt•Yt Tr•llrftn Mrtb 2025 Rc•lrf¢¢¢d Awords For All BME Employmellt Projttt BrcukfL Club 1024 33.794 (2,0241 {88,3931 (291 13,7521 16,3811 11,0521 76.884 22385 11.871) 3.752 8.471 1.052 5.(N)O C4rnth Advict PATtDCt5h¥ ICAP) Lkn GThB Fmpknyment fund Youth 15.OW) 2.433 22.047 C4,4801 Cwk¢ry Cb 2024 5.(NJO 1.842 224.140 272.339 12,3331 1334.9331 (184.4831 (11.8841 491 IiO.793 (40.0001 Frnnets Ctx 79.931 20.960 178 1,978 13,140 3.965 127,787 9.W6 H¢4ttby Liv8&tre Job Hvb 11.9781 19,686) NatioL4llA)uy Spxts YoMb Nwbbourbood Fonyrl PrntlligPmiect 13,4541 12.5 2.351 J8,126 iQ.4BO 11465 477 {1.88ll {15.l351 {9.4801 9911 11.0001 RcfjJ¢ Comrnutixy FLd Sp 17.830 14.269 1019 14.269 Space Hive Chsdknn StreeL T Fa¢tor Youth fjromp 21.458 17,4701 {13,9181 1,453 38.478 4.393 217.637 681174 {718.52ll 219.468 Youth 1133331 13233 302,886 253.853 22,toi 579 34 171.938 102.216 1244.6111 70.084 {121.795) 300397 234,274 22.601 557.172 Livth8CtsuT¢ Unr¢tht¢d C4Jtt81 274.154 57.8441 38.478 796.977 956 328 976 665 14 Restricted ndS Employmen¢ Projeckfyp7d- this fund is a multi-year grant with Camden Council to fund the delivery of the Som¢rs Town Job Hub. 24
THE SOMERS TOWN COMMUNITY CENTRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 CamdenAdviLe Parlnershipfvnd_this fund is to pay fora youth information. advice and guidance worker who will link in with the wider youth team and se55ion delivery. Cookery Club - this fund is in association with Blind Aid to deliver cooking sessions to bring logether those residents who are visually impaired with those who are not. Somerts Town Fulure Neighbourhoodfvnd- this is part of a £7 million fund being delivered by Ihe GLA as part of the Mayor of London's New Green Deal proyramme, Somers Town was one of only two areas funded fully and Somcrs Town Community Association is one of the Community leads. with Camden Council being ihe named contract lead Healthy Living Cenlre- this fund is to allow the l.iving Centre to purchas¢ equipment to assist with the delivery of its aims and purposes. Crick- this fund is an ongoing Con1rd wilh the Francis Crick institute to deliver the St Pancreas and Somers Town Living Centre. ReJilience fvprd - this lund 15 to support our W84rn1 Monday session, staff support fund and community larder Neighbourhood Fon4m fynd - this fund is money we are holding for Somers Town Future Neighbourhood in the capacity of their banker Printing Projeci fvnd- this fund is to allow a loGal artisl lo run a printing project out of the centre. Spuce Hive Charl¢on- this fund is to assist with the development of entrepreneurial activities on the Charlton Sireet market as and when identificd. 15 Funds Transfers Th¢ following fund transfers have been made during the year: From Camden Youth to other Camden funded projects for crossovers in staff costs From T Factor to unrestricted io cover management costs as set out in the original agreement From National Lottery Sports Youth to unrestricted, as the grdnt was designated rather than restricled Other small transf¢rs hav¢ been where there is a cross sharing of services and Gosts between projects. 25
THE SOMERS TOWN COMMUNITY CENfRE ASSOCIATION (CAMDEN) DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 16. Operating lease commitments At 31 March 2025 the company was committed to making the following payments under non- ¢an¢¢llable operating lease5: 2025 2024 Payments due 304,688 334,688 17. Deferred income Income of £17,071 (2024: £11,785) has been deferred either to match the period of ternis on the grant documentation or the tenns of the invoices. for the following,. 2025 Leliing income £17,071 2024 Letttng income £11,785 Income of £11,785 was released in thc ¢urrt p¢riod. 18. Reeonciliation of net inwmel{expenditure) to net cJsh fl07Y from operating activities Net (expeDdiluret0t fortht reporting Ptri(•d Mjustmcnts for.. Deduct interest receiv D¢cre¥d(itvr4sr) itl d¢b¢o Inor1(dECr¢a5¢) thi Ijrti N•t eth pff)vld•d by op•Trthi¥ #etfvlliu (20.337) 147,613 (20,124) 33,3V2 19.278 12.199 {16.l57) (59.289) 16,121) 26