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2024-03-31-accounts

Registered Charity Number 00295829 Registered Company Number 02069107

CASTLEHAVEN COMMUNITY ASSOCIATION

Financial Statements

For The Year Ended

31 March 2024

Prepared by Chartered Accountants 66 Earl Street Maidstone Kent ME14 1PS

Castlehaven Community Association

Report and accounts Contents

Page
Charity and Company information 1
Trustees' Report 2
Statement of Directors'/Trustees' responsibilities 5
Independent auditors' report 7
Statement of Financial Activities 11
Balance sheet 13
Notes to the accounts 14

Castlehaven Community Association

Company Information

Directors and Trustees Derek Jarman
Rosemary Lewin
Rebecca Cheshire
Darshan Vora (appointed 25 March 2024)
Bruce Fielding
Matthew Stephenson
Christina Nunn
Tricia Richards (not a trustee)
Auditors Hamilton Coopers
Chartered Accountants
66 Earl Street
Maidstone
Kent ME14 1PS
Registered office The Community Centre
21 Castlehaven Road London
NW1 8RU
Charity Number 00295829
Company Number 02069107

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Castlehaven Community Association

Introduction

The Trustees present their annual report and accounts for the year ending 31st March 2024.

The Trustees of the Board are satisfied with the performance of the charity during the year and the position at 31st March 2024 and consider that the charity is in a medium position to continue its activities during the coming year, and that the charity’s assets are adequate to fulfil its obligations.

Name, Registered Office and Constitution of the Charity

The full name of the charity is the Castlehaven Community Association which is a company limited by guarantee and a registered charity governed by its memorandum & articles of association with charity number 295829 and company number 02069107. The charity registered office is The Community Centre, 21 Castlehaven Road, London NW1 8RU and was incorporated on 30th October 1986.

Board of Trustees

The Castlehaven Community Association Board of Trustees are all volunteers elected annually at a meeting open to all local residents. For logistical reasons there were two Board of Trustees during this accounting period:

Committee 1st April 2023 – 31st March 2024

  1. Matthew Stephenson 2. Derek E Jarman 3. Paul Henriot 4. Darshan Vora 5. Bruce J Fielding 6. Rosemary Lewin 7. Rebecca Cheshire 8. Christina Nunn 9. Amy Bloemendaal

Additional subcommittee Members 1st April 2023 – 31st March 2024

  1. Brenda Gardner 2. Mena Charlick 3. Katherine Cox

  2. John Paino

  3. Jonathan Williams

  4. David Saxby 7. Patricia Thomas

Tricia Richards was elected as Company Secretary.

Trustee recruitment.

The governing documents of the Castlehaven Community Association requires 1/3 of the Board of Trustees to stand down each year. Standing down members may be nominated for re-election. The Board of Trustees aims to recruit a minimum of 2 new members each year based on the identified skills gap of the Board &/or the experience of the recruit. All nominations are publicly elected at the Castlehaven Community Association’s Annual General Meeting (AGM).

No other person or body external to the charity is entitled to appoint one or more members to the Board of Trustees.

Trustee induction and training.

All new Trustees shall undergo a full induction delivered by the Castlehaven Chief Executive Officer &/or the Castlehaven Chair of the Board of Trustees. The induction will include the full completion of all paperwork as it relates to Companies House & the Charity Commission; a full and detailed explanation of financial recording, organisational structural chart, policies & procedures.

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Castlehaven Community Association

Relationship between Funders and Committee Members

There is no known relationship between any funder and any member of our Board of Trustees.

Objectives of the Charity

Castlehaven Community Association (CCA) aims and objectives are:

“To promote the benefit of the inhabitants of the London Borough of Camden without distinction of sex or of political, religious or other opinions by associating the local authorities, voluntary organisations and inhabitants in a common effort to advance education and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life of the said inhabitants.”

Public Benefits that are Provided by the Charity

CCA’s activities are underpinned by its commitment to equal opportunities. The Association addresses its aims by:

CCA has a clearly defined structure allowing CCA users and local residents to participate through an elected Board of Trustees. This governing body has responsibility for policy and overall management of CCA and all of its activities.

The day to day running and development of the Association is in the hands of the staff team led by the Community Association’s Chief Executive Officer.

Review of Past Activities During Year Ending 31st March 2024

In serving the aims and objectives of the Association CCA has during this last year offered: -

Overall, this small but high profile, vibrant community association continues to develop and respond to the needs of residents.

Plans for Year Beginning 1st April 2024

The Castlehaven Community Association plans to continue to offer the activities and services outlined above. In addition, the Association is currently exploring and developing: -

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Castlehaven Community Association

• To apply for funding to sustain our longstanding older people’s project and our newest Health Haven project – (social prescribing partnership) so we can continue both popular projects that offer a vast array of free activities and services for residents aged over 18yrs to improve their mental & physical health, wellbeing, and social connections within their community.

• To collaborate with Camden Council on their ‘Active for Life’ health and fitness scheme for underactive older people living in Camden. To provide sporting activities to improve their health and social wellbeing too.

Transactions & Financial Position

The statement of financial activities shows income for the year of £ 798,924 with expenditure of £ 925,838 leaving a deficit of £ 126,914 At the end of the year we carry forward a reserve of £ 797,460 of which £ 492,479 is unrestricted, £ 276,063 is designated for the expense and £ 28,918 is restricted to projects.

Reserves Policy

In line with Charity Commission recommendations the CCA Board of Trustees aims to achieve a 30% unrestricted reserve of annual turnover. With an annual turnover in the region of £798,924 per annum this equates to an unrestricted reserve in the region of £239,677. At this level, the Board of Trustees considers that, in the event of a significant drop in funding, the charity would be able to continue delivering services whilst replacement funding is sought, or the charity is wound up. At present the unrestricted reserves are £230,946 which is included in the unrestricted income funds of £492,479 in the accounts, which is in line with our target. The balance in the unrestricted income fund is allocated to the projects. The Board of Trustees is considering ways in which additional unrestricted funds may be raised.

Designated Funds

In recognition of expenditure committed, the CCA Board of Trustees has designated £ 276,063 which will be paid in the following year.

Risk Assessment

The Board of Trustees has conducted a review of major risks to which the charity may be exposed.

External Risks:

The significant external risk is that of funding. The Board of Trustees has developed a Reserves Policy to address any sudden withdrawal of core funding and is working towards implementing this fully as soon as possible. The Board of Trustees has developed a strategy that allows for diversification of funding for activities. As such, all projects are administered in a matrix system, funded as ‘standalone’ projects – should funding be withdrawn for any one project other CCA projects will continue unhindered.

Internal Risks:

Financial risks are minimised by the implementation of procedures for authorisation of all transactions and projects and to ensure consistent quality of service for all operational aspects of the charitable company. These procedures are consistently reviewed to ensure they continue to meet the needs of the charity.

The potential loss of key personnel is minimised by offering staff career enhancing training, health & wellbeing incentives, structured supervision, annual appraisal and paying the market value for their post.

Potential risks to clients and users are minimised by ensuring all staff and volunteers are regularly trained in safeguarding, GDPR, first aid, mental health first aid and health & safety. And they complete a Disclosure and Barring Service (DBS) check before working unsupervised with any children or vulnerable adults at risk.

Potential risk to Trustees is minimised by insurance cover.

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Castlehaven Community Association

Auditors

Hamilton Cooper 66 Earls Street Maidstone Kent ME14 1PS

Bankers

Currently the group have the bank accounts with the following banks:

Public Benefit

The Trustees confirm that they have complied with their duty under Section 17(5) of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit when reviewing the charity’s aims and objectives, in planning future activities and in setting the charity’s grant making policy.

Directors and Trustees

All directors of the company are also Trustees of the charity and there are no other Trustees. All the Trustees named on the company information page served during the year. The Board has the power to appoint additional Trustees as it considers appropriate.

Statements of the Directors’ Responsibilities

The Directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires Directors to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources, including the income and expenditure, of the company for the year.

In preparing these financial statements, the Directors are required to:

The Directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Statement of representation to the auditors

Each person who was a director at the time this report was approved confirms that:

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Castlehaven Community Association

A resolution proposing the reappointment of Hamilton Coopers as auditors will be put to the annual general meeting.

Method of preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

11/26/2024

This report was approved by the board of trustees on …..................

Derek Jarman (Nov 26, 2024 15:28 GMT) D Jarman Chair of Trustees

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Castlehaven Community Association

Independent auditors' report to the Trustees of the Castlehaven Community Association for the year ended 31 March 2024.

We have audited the financial statements of Castlehaven Community Association for the year ended 31 March 2024 which comprise of the statement of financial activities, the balance sheets and the 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 statements:

Basis of opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) 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 company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, 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 trustees' (who are also the directors of the company for company law purposes) use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the entity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ 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 inconsistent 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 misstatement 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.

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Castlehaven Community Association

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion

Responsibilities of trustees

As explained more fully in the trustees' responsibilities statement [set out on page 5], the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 154 of that Act.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Capability of the audit in detecting irregularities, including fraud

The objectives of our audit are to identify and assess the risks of material misstatement of the financial statements due to fraud or error; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud or error; and to respond appropriately to those risks.

Based on our understanding of the company and industry, and through discussion with the management (as required by auditing standards), we identified that the principal risks of non-compliance with laws and regulations related to their permissions and requirements. We considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006 and taxation. We communicated identified laws and regulations throughout our team and remained alert to any indications of noncompliance throughout the audit. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls) and determined that the principal risks were related to posting inappropriate journal entries to increase revenue or reduce expenditure and management bias in accounting estimates and judgmental areas of the financial statements such as accrued income.

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Castlehaven Community Association

Audit procedures performed by the engagement team included:

There are inherent limitations in the audit procedures described above and the further removed non compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. The risk increases more when compliance with a law or regulation is removed from the events and transactions reflected

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Castlehaven Community Association

in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report.

Use of our report

This report is made solely to the Charity's trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the Charity's trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

11/28/2024

Asim Malik, FCA

(Senior Statutory Auditor) for and on behalf of Hamilton Coopers Chartered Accountants and Statutory Auditors

66 Earl Street Maidstone Kent ME14 1PS

Hamilton Coopers is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006

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Castlehaven Community Association Statement of financial activities (incorporating an income and expenditure account) for the year ended 31 March 2024

Notes
Incoming resources
Incoming resources from generated funds
Donations and legacies
4
Other trading activities
5
Income from Investments
6
Total income and endowment
Resources expended
Administrative cost
Expenditure on Charitable activities
Governance costs
Total Resources Expended
7
Net Incoming Resources before Transfers
Gross transfers between funds
Net incoming resources before
Other recognised gains and losses		 Unrestricted
Designated
Restricted
Total
Total
Funds
Funds
Funds
Funds
Funds
2024
2023
£
£
£
£
£
288,311
-
447,249
735,560
617,199
38,025
-
-
38,025
35,036
25,339
-
-
25,339
4,881
351,675
-
447,249
798,924
657,116
50,949
-
23,785
74,734
51,351
408,376
25,534
413,594
847,504
587,046
3,600
-
-
3,600
3,600
462,925
25,534
437,379
925,838
641,997
(111,250)
(25,534)
9,870
(126,914)
15,119
(47,514)
65,953
(18,439)
-
-
(158,764)
40,419
(8,569)
(126,914)
15,119

11

Castlehaven Community Association Consolidated statement of financial activities (incorporating an income and expenditure account) for the year ended 31 March 2024

Net movement in funds (Net Income
/ (Expenditure) for the year
Total funds brought forward
Total Funds carried forward
16		 (158,764)
40,419
(8,569)
(126,914)
15,119
651,243
235,644
37,487
924,374
909,255
492,479
276,063
28,918
797,460
924,374
-

The net movement in funds referred to above is the net incoming resources as defined in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commission for England & Wales and is reconciled to the total funds as shown in the Balance Sheet on page 13 as required by the said statement.

All activities derive from continuing operations

The notes on pages 14 to 22 form an integral part of these accounts.

12

Castlehaven Community Association
Balance Sheet
as at 31 March 2024
Notes
Fixed assets
Tangible assets
11
Total fixed assets
Current assets
Debtors
12
Cash at bank and in hand
Total current assets
Liabilities:-
Creditors: amounts due within one year
13
Net current assets
Total assets less current liabilities
Total net assets
Funds
16
Unrestricted income funds
Designated funds
Restricted income funds
Total funds		 Company No
Charity No
2024
£
127,669
127,669
649,227
402,526
1,051,753
(381,962)
669,791
797,460
797,460
492,479
276,063
28,918
797,460		 02069107
295829
2023
£
153,202
153,202
377,395
815,882
1,193,277
(422,105)
771,172
924,374
924,374
651,244
235,643
37,487
924,374

The accounts have been prepared in accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), theFinancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no members have required the company to obtain an audit in accordance with section 476 of the Act

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

11/26/2024

Approved by the Board of Trustees for issue on …............................. and signed on its behalf by

Derek Jarman (Nov 26, 2024 15:28 GMT)

D Jarman Director & Chair to Board of Trustee

The notes on pages 14 to 22 form an integral part of these accounts.

13

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

1 Accounting policies

Basis of preparation of the accounts

The principal accounting policies adopted in the preparation of the financial statements are setout below and have remained unchanged from the previous year and have also been consistently applied within the same accounts.

Accounting convention

a) Basis of preparation and assessment of going concern:

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The trustees consider that there are no material uncertainties about the Association's ability to continue as a going concern.

The company meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

b) Reconciliation with previous Generally Accepted Accounting Practice

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 the restatement of comparative items was required. No restatements were required.

Incoming Resources

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants

It is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income from charitable activities includes primary purpose trading

Income from charitable activities includes primary purpose trading, income earned both from the supply of goods or services under contractual arrangements or grant agreements, which have conditions that specify the provision of particular goods or services to be provided and undertaken for the charitable purposes of the charity.

Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

14

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

Fund accounting

Unrestricted funds are available to spend on activities that further any of the purposes of charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the Association's work or for specific projects being undertaken by the Association.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings.

Allocation of support costs

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, personnel, payroll and governance costs which support HCA's programmes and activities. The basis, on which support costs have been allocated are set out in note 8.

Expenditure and irrecoverable 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 be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Fixed assets and depreciation

Tangible fixed assets are stated as costs less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Equipment 25% per annum, reducing balance method Building refurbishment 25% per annum, reducing balance method / over 5 years Motor vehicles 25% per annum, reducing balance method

15

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

Debtors

Debtors are recognised at the settlement recoverable amount due. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

Cash at bank and in hand includes is held to meet short-term cash commitments as they fall due rather than for investment purposes and may include short-term deposits.

Creditors, deferrals and provisions

Creditors and provisions are liabilities where we have a present obligation to a third party that we shall normally pay by cash. Provisions are measured or estimated as reliably as possible.

Where performance-related conditions are specified in a grant, the income will only be recognised to the extent that the charity has provided the facility or service. Any income received in advance of the conditions being met are deferred and shown under creditors.

Pension

On 01 October 2015 Workplace Pensions commenced at CCA, to which staff are encouraged to join.

Legal status of the Society

The Association is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £10. Names of its directors and registered office is mentioned on page 1.

2 Winding up or dissolution of the charity

If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts and liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable body or bodies having similar objects to the charity.

This is stated after crediting after charging:-

Auditors' remuneration 3,600 3,600
Indemnity Insurance for trustees and employees 250 250
Depreciation 25,533 25,534

3 Key management personnel

The Trustees consider the key management to be themselves, CEO, deputy CEO and Finance manager. Remuneration paid to key management was as follows:

Total for the year 2024
£
142,738		 2023
£
139,209
142,738 139,209

16

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

No expenses were paid to trustees or persons connected with them.

4 Income from donations and legacies

Grants
Voluntary donations
5
Income from other trading activities
Foodbank
Premises hire
6
Investment Income
Interest income		 Unrestricted
funds
£
3,455
284,856
288,311
Unrestricted
funds
£
7,032
30,993
38,025		 Restricted
funds
£
447,249
-
447,249
Restricted
funds
£
-
-		 2024
Total
Funds
£
450,704
284,856
735,560
2024
Total
Funds
£
7,032
30,993
38,025
2024
£
25,339
25,339		 2023
Total
Funds
£
412,552
204,647
617,199
2023
Total
Funds
£
13,530
21,506
35,036
2023
£
4,881
4,881

17

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

7 Analysis of expenditure

Analysis of expenditure
2024 2023
Unrestricted Restricted Total Total
funds funds Funds Funds
£ £ £ £
Costs of generating funds
Administrative cost 50,949 23,785 74,734 51,351
50,949 23,785 74,734 51,351
Expenditure on Charitable activities
Salaries 182,884 271,124 454,008 348,362
Activity cost 73,868 26,278 100,146 72,833
Other employee costs 45,468 68,822 114,290 84,055
Premises Costs 36,646 45,912 82,558 25,685
Professional fees in support of charitab 29,986 41 30,027 22,371
Other support costs 43,124 1,417 44,541 11,806
411,976 413,594 825,570 565,112
Designated funds
General administrative expenses 25,534 - 25,534 25,534
Analysis of grants payable in furtherance of the charity's objects
Support costs are allocated on a consistent basis within the use of resources and allocated as
core costs.
Deferred Incoming Resources & Reserves- Restricted funds (Group and Company)
Opening Released Received Deferred
Deferrals from prior less released at year end
years in year
£ £ £ £
Sundry 378,025 (378,025) 340,831 340,831
Total 378,025 (378,025) 340,831 340,831
2024 2023
£ £
These deferrals are included in creditors 340,831 378,025

8 Analysis of grants payable in furtherance of the charity's objects

9 Deferred Incoming Resources & Reserves- Restricted funds (Group and Company)

The deferrals included in creditors relate to those grants and donations specified by the donors as relating to specific periods and represent those parts of the grants or donations which relate to periods subsequent to the accounting year end, and are treated as grants in advance, or alternatively where there are conditions which must be fulfilled prior to entitlement or use of the grant or donation by the charity .

18

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

**10 ** Staff Costs and Emoluments 2024 2023
£ £
Gross Salaries 411,491 238,028
Employer's National Insurance 33,665 15,497
Pension Contributions 8,853 4,885
454,009 258,410
Numbers of full time employees or full time equivalents 2024 2023
Engaged on charitable activities 16 12
There were no fees or other remuneration paid to the trustees
There was 1 employees with emoluments in excess of £60,000 per annum.
**11 ** Tangible fixed assets
Freehold Plant,
Land and Machinery &
buildings Vehicles Total
At 1 April 2023 255,337 11,909 267,246
Accumulated depreciation and impairment provisions
At 1 April 2023 102,135 11,909 114,044
Charge for the year 25,533 - 25,533
At 31 March 2024 127,668 11,909 139,577
Net book value
At 31 March 2024 127,669 - 127,669
At 31 March 2023 153,202 - 153,202
-
**12 ** Debtors 2024 2023
£ £
Trade debtors 15,197 15,594
Amounts due from associated and
subsidiary undertakings 632,880 361,801
Prepaid expenses 1,150 -
649,227 377,395
Amounts due after more than one year included in the total above are analysed as:-
Amounts due from associated and
subsidiary undertakings 632,880 361,801
Amounts due after more than one
year included above 632,880 361,801

19

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

13 Creditors: amounts falling due within one year

Trade creditors
Deferred income and grants in advance(see note 9)
Taxation and social security
Other creditors
14 Contingent Liabilities
Total		 2024
£
30,221
340,831
10,410
500
381,962
2024
£
10,000		 2023
£
44,080
378,025
-
-
422,105
2023
£
7,800

It had been discovered that part of the building had not been charged for electricity for some periods and the Trustees are unsure if there will be any further liability, but they feel it is prudent to note this situation and make an estimate of any contingency. No provision for the above amount has been included in these accounts.

15 Share Capital

The charity is incorporated under the Companies Act 1985 and is limited by guarantee, each member having undertaken to contribute such amounts not exceeding one pound as may be required in the event of the company being wound up whilst he or she is still a member or within one year thereafter.

16 Analysis of net assets between funds

At 31 March 2024
Fixed assets
Net current assets
Liabilities
At 1 April 2023
Fixed assets
Net current assets
Liabilities		 Unrestricted
funds
£
127,669
405,941
(41,131)
492,479
Unrestricted
funds
£
153,202
542,122
(44,080)
651,244		 Designated
funds
£
276,063
-
276,063
Designated
funds
£
-
235,643
-
235,643		 Restricted
funds
£
369,749
(340,831)
28,918
Restricted
funds
£
-
415,512
(378,025)
37,487		 Total
Funds
£
127,669
1,051,753
(381,962)
797,460
Total
Funds
£
153,202
1,193,277
(422,105)
924,374

20

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

The individual funds included above are :-

Environment project
Age Activity
Active 8
Food bank
Health Haven
Core
Designated funds
CCA - unrestricted reserve		 Funds at
2023
£
7,628
-
1,647
3,924
4,779
19,509
37,487
235,644
651,243
924,374		 Movements
in
Funds
as below
£
19,062
8,410
2,288
(3,924)
3,543
(19,509)
9,870
(25,534)
(111,250)
(126,914)		 Transfers
Between
funds
£
(7,485)
-
(3,181)
-
(7,773)
-
(18,439)
65,953
(47,514)
-		 Funds at
2024
£
19,205
8,410
754
-
549
-
28,918
276,063
492,479
797,460

Analysis of movements in funds as shown in the table above

Environment project
Age Activity
Active 8
Food Bank
Health Haven
Core - Restricted
Designated funds
CCA - unrestricted reserve		 Incoming
Resources
£
157,953
41,827
69,420
-
96,294
81,755
351,675
798,924
-		 Outgoing
Resources
£
138,891
33,417
67,132
3,924
92,751
101,264
25,534
462,925
925,838
-		 Gains &
Losses
£
-
-
-
-
-
-
-
-		 Movement
in funds
£
19,062
8,410
2,288
(3,924)
3,543
(19,509)
(25,534)
(111,250)
(126,914)

There are sufficient resources for all funds in the appropriate form to enable each activity to be applied in accordance with any restriction.

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objective of the charity.

Restricted funds are subjected to the restriction on their expenditure imposed by the donors or through the terms of an appeal.

The net transfers between the funds represents an internal management and support supervision charge at a percentage of 10% to 25% allowed by donors on particular grants.

21

Castlehaven Community Association Notes to the Accounts for the year ended 31 March 2024

17 Subsidiary undertaking

The charitable company controls Castlehaven Community Enterprise Limited by virute of the provisions of Companies Act 2006 which is registered in England.

The subsidiary is used for non-primary purpose trading activities.

Available profits are gift aided to the charitable company. A summary of the results of the subsidiary is shown below:

shown below:
2024 2023
£ £
Castlehaven Community Enterprise Limited
Turnover 213,509 251,941
Administrative expenses (92,005) (47,294)
Other operating income 75 -
Operating profit / (loss) 121,579 204,647
Interest payable - -
Profiit/(Loss) on ordinary activities 121,579 204,647
Deed of covenant to parent undertaking (121,579) (204,647)
Profit / (Loss) for the financial year - -
The aggregate of the assets, liabilities and funds was:
Assets 735,274 346,446
Liabilities (735,274) (346,446)
Funds - -

18 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. The charity's trading subsidiaries gift aids available profits to the parent charity.

The charge to corporation tax for the subsidiaries in the year was £nil (2023: £nil)

19 Related party transactions

There are no related party transactions to disclose for the year (2023: none)

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

20 General information

The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is

The Community Centre 21 Castlehaven Road London NW1 8RU

22