COMPANY REGISTFiATION NUMBER: 02196012 CHARITY REGISTRATION NUMBER.. 298215 Primrose Hill Community Association Company Limited by Guarantee Unaudited Financial Statements 31 March 2024 GROWtAN & COMPANY Chartered Accountants 5 Violet Hill St. John's Wood London NW8 9EB
Primrose Hill Community Association Company Limited by Guarantee Financial Statements Year ended 31 March 2024 Page Trustees, annual report {inGorporating the director's report) Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Noles to the financial statements The following pages do not form part of the financial statements Appendix I Detailed statement of financial activities 19 Notes to the detailed statement of financial activities 21 Appendix11 Community Association Management Accounts Appendlx111 Community Library Managemenl Accounts
Primrose Hill Community Association Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2024 The trustees, who are also the d1clOrS for the purposes of company law, present their report and the unaudited financisl slalemenls of the charity for the year ended 31 March 2024. Referenc8 and administrativ8 dètails Reglstered charity name Primrose Hill Community Association Charity registration number 298215 Company reglstration number 02198012 Principal office and registered 29 Hopkinsons Place office Fitzroy Road London NW18TN The trijstees Marijke Good {chairl Maureen Bells (Vice Chairl N8dia Crandall (Treasurer) Lucy Collrell Catherine Daly Debbie Marshall Elizabeth Middleton Dorothy Marden Jason Pillock (Appointed 16 November 20231 (Appointed 16 November 2023) (Appointed 16 November 20231 {Relired 16 November 20231 (Retired 16 November 20231 Company secretary Lorna Fowler Independent examlner Al Groman FCA 5 Violet Hill St. John's Wood London NW8 9EB
Primrose Hill Community Association Company Limited by Guarantee Trustees, Annual Report Ilncorporating the Director's Report) (conVntsÈdJ Year ended 31 March 2024 structure. governance and management Govèrning Document The Gharily is constituted as a company limited by guarantee and is therefore govemed by a Memorandum and Articles ofAssocialion, dated 19 November 1987 and also registered with the Charity Commissioners. Appolntment. Induction & training of Trustees All members are circulated with invitations lo nominate trustees prior to the AGM advising them of the retiring trustees and requesting nominations for the AGM. When considering co-opting Iruslees, the Board has regard to the requirement for any specialist skills needed. New Iruslees undergo an orienl81ion day lo brief them on their legal obligations under charity and company law, the conlenl of the Memorandum and Articles of Association, the committee 8nd decision making processes, the business plan and recent financial performan of the charity. During the induction day they meet key employees and other trustees. Trustees are encouraged lo allend appropriate external training events where these will facililale the undertaking of their role. Oryanlsatlon The charity is organised so that the directors meet regLJlarly lo manage ils affairs. There is one full lime executive, M Hudspeth, who both manages the day lo day administration of the charity and organises fundraising inilialives. The remaining staff a employed lo run particular service sections orwilh specific adminislralion or building responsibilities. Risk management The Iruslees regularly discuss the risks the charity may face, and when potential risks are identified systems and procedures lo miligale those risks are pul in place, together with the implementation of procedures designed to Minimise any potential impact on the chaiily should those risks malerialise. Oblectlves and actlvltles The charity's object and ils principal activity continue to be that of promoting the benefit of those persons living and working in that part of the London Borough of Camden which lies within a half mile radius of the Cenlre. The trustees have referd lo th& guidance ¢onlain8d in the Charity Commission's general guidance on public henefil when revieThqng our aims and objectives and in planning our future seNices. In particular the board of Iruslees consider how our planned services will contribute lo the aims and objectives they have set. strategic report The following sections for achievements and performance and financial review form the strntagic report of the charity.
Primrose Hill Community Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (¢onlinuedJ Year ended 31 March 2024 Achievements and performanGe During the course ofthe year our events team were very busy, running Iwo jumble sales (April 2023 and March 20241 which are always really popular and of course a great way of recycling and re-using. This was followed by our regular Top of the Hill Quiz which was a sell out, then our big summer event. the Mad Hatters Tea Party in Chalcol Square Gardens which is a real community event with live music throughout the afternoon, lols of children's activities including a magician, free lea, cake and sandwiches. November saw another full house for the bi-annual Disco. In December we had a Christmas party for members of the PHCA and several talks throughout the year. In January we had a traditional Burns Night, and also several 'Lasl Friday in the Month, themed Bar events. Our regular activities include ourweekly Open House session, which brings people together lo listen to talk, watch a film. go on an outing or similar. Now in its 11th year and still making connections in the area. Other regular activities include Zumba classes. Primrose Hill Walks, Chair Yoga, Qi Gong, Sunday Bar, Life Drawin9, Bereavement Group. Lego Club elc. We also host two Narcotics Anonymous sessions al the centre each week, which we see as really important. We also hosted their Unity Day. which allows families and friends of NA members lo mix and socialise over the course of the day. Neighbourhood Nosh food project continues, providing food and meals to people in need in the area. including the Wellbeing Café, which provides basic home made food to people on a donations only basis. The free market is also a very important part of the service. Our'on the Hill, magazine continues to provida a wonderful flavour of what goes on in the area. and is a great tool lo promote the work we do. The Library operal8s as a library four days a week for book loans, printing. ¢ompulor use, daily papers, quiet spa, whilst also hosting several aLJlhor talks, a book club, chess club. games night, monthly live gigs, a monlhty Film Show. book and c4ke sales, and various community classes. For young children there is Ballet, Rhyme Time and twice monthly 'Big Book of Everything, as well as visits from the reception class of Primrose Hill School. Financlal revlew The Association. in this context the ¢ombinalion of the Community Centre and the Library. made a surplus of £ 89,83112023.. £74.8311 in the financial year, April 2023 to March 2024. This is the combined result of the Community Centre and the Library. In practice the funding and Ac¢ounts of the two organisalions are kept separate. The combined Accounts exclude inter-organisalional charges because they are one stalulory body. However, these charges do affect the operational results of each party. The Management Accounts of the Community Association and the Library are allached as a key element in the Trustees Report. There are reports from both Treasurers attached to their separate Management Accounts. (See Appendices11
Primrose Hill Community Association Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Iconllnued) Year ended 31 March 2024 Plans for Future Periods Everything is now in place lo start our Memory Choir. specifically for people with dementia and other neurological conditions, and will be opening our Wellbeing Café either side of il to en¢ouraue socialising within the group. Neighbourhood Nosh continues lo seNe a need in the community and has evolved and adapted over lime as conditions on the ground change. We constantly strive to use our limited resources usefully and efficiently. The library and community centre will continue to Provide free or low price aclivi(ies, ¢las5es and services for the benefit of local people in the community. We will continue lo engage across the neighbourhood through our various communication channels which include 'On the Hill. magazine, so¢ial media. newsletters and hard copy posters across the area. Thé trustees, annual report and the strategic report were approved on on behalf of the board of Iruslees by.. Marijke Good (Chairl Trustee
Primrose Hill Community Association Company Limited by Guarantee Independent Examiner's Report to the Trustees of Primrose Hill Community Association Year ended 31 March 2024 report to the trustees on my examination of the financial slalemenls of Primrose Hill Community Association I'lhe charily'l for the year ended 21 March 2024. Responsibilities and basis of report As the Iruslees of the company {and also ils directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies AGI 20061'lhe 2006 Acl'l. Having salisfieLI myself that the accounts of the company are not required lo be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Acl'l. In carrying out my examination I have followed the Dire¢tions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examinerfs statement Since the ¢harily's gross income 8x¢èeded £250.000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l arn qualified lo undertake the examination because l am a mernber of the Inslilule of Chartered Accounlanls in England and Wales IICAEW), which is one of the listed bodies. I have completed my examination. I confirm that no matters have come lo my attention in connection with the examination giving me cause lo believe.. accounting records were not kept in respect of the charity as required by Section 386 of the 2006 Act., or the financial slalemenls do not accord with those records., or the financial slalemenls do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view which is not a maller considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Slalemenl of Recommended Practice for accounting and reporting by charities applicable lo charities preparing their accounts in accordan with the Financial Reporting Standard appli¢able in the UK and Republic of Ireland IFRS 1021. I have no concerns and have come across no other mallers in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding of the accounts lo be reached. Al Groman FCA Independent Examiner 5 Vlolel Hill Sl. John's Wood London NW8 9EB
Primrose Hill Community Association Company Limited by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2024 2024 Unrestrictèd Restricted fulld5 fund$ Totsl funds Total funds 2023 Note Income and endowments Donations and legacies Investment income Other income 30,412 5,180 137.210 115,147 14.881 73.114 145,559 20,061 210.324 127,289 3,538 206,403 Total income 172,802 203,142 375,944 337.230 Expenditure Expenditure on raising funds.. Costs of raising donations and lega¢i¢s Expenditure on chaTilable activities Totsl exp8nditur8 18,402 126,034 144,436 18,402 279.061 297,463 15,928 245,851 261.779 9,10 153.027 153,027 Net income 19,775 58.706 78.481 75,451 Other recognised gains and losses Gainslllossesl from revaluation of fixed assets 11,350 11,350 16201 74,831 Net movement in funds 19,775 70,056 89,831 Reconcillation of fund$ Total fund8 brought fotward Total funds carried fonmard 474,788 494,563 788,726 1,263,514 1.353.345 1.188,683 858.782 1,263,514 The slalemenl of financial activities includes all gains and losses recognis8d in the year. All income and expenditure derive from continuing activities. The not88 on pages 8 to 17 form part of these financlal statements.
Primrose Hill Community Association Company Limited by Guarantee Statement of Financial Position 31 March 2024 2024 2023 Nota Flxed assets Tangible fixed assets 14 306,278 329.655 Current assets Debtors Investments Cash at bank and in hand 15 16 16,121 346,357 805.392 18,038 40,009 1.040,389 1,167.870 1,098.436 Creditors: amounts falllng due wlthln one year Net current assets 17 120,803 164.577 1,047,067 1,353,345 1,353.345 933,859 Total assets less current liabilities 1,263,514 1,263,514 Net assets Funds of the charity Reslricled income funds.. Revaluation reserve Olher restricted income funds Unrestricted funds 27,042 831,740 494,563 14,991 773,735 474,788 1,263,514 Total charity funds 20 1,353,345 For the year ending 31 March 2024 the charty was enlilled lo exemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Direclors, responsibilities: The members have not required the company to obtain an audit of ils financial statements for the year in question in a¢cordance with section 476., Thè directors aCknaedge their responsibilities for complying with the requirernerils of the Act with respect lo accounting records and the preparation of financial statements. These financial slalemenls have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial slalemenls were approved by the board of trustees and aulhorised for issue on....¢.It..S4rf.40.tr¢f..Z• %.ltrand are signed on behalf of the board by.- Marijke Good (Chairl TTuslee The notes on pages 8 to 17 fomi part of thesè financial stataments.
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements Year ended 31 March 2024 General information The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 29 Hopkinsons Place, Filzroy Road, London NW1 8TN. Statèmènt of compliance These financial slalemenls have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Slalement 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 1021 (Charities SORP IFRS 10211 and the Companies Act 2006. Accounting policies Basis of preparatlon The financial slalemenls have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured al fair value through income or expenditure. The financial slalemenls are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability lo continue. Judgements and key sources of estimation uncertainty The preparation of the financial slalements requires management lo make judgements, eslimales and assumptions that affact the amounts reported. These eslimales and judgements are continually reviewed and are based on experience and other fadors, including expectations of future events that are believed lo be reasonable under the cArcumslan¢es. Fund accountlng Unreslricled funds are available for use al the discretion of the trustees to further any of the charity's purposes. Designated funds aré unrestricted funds earmarked by the trustees for particular future project or comrllilment. Restricted funds are subjected lo restrictions on their expenditure declared by the donor or through tha terms of an appeal, and fall into one of two sub-classes.. restricted income funds or endowment funds.
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (continuedj Year ended 31 March 2024 Accountlng poli¢les (CDnlAnued) Incoming resources All incoming resources are included in the slalemenl of financial activities when enlillemenl has passed lo the charily,. il is probable that the economic benefits associated with the transaction will flow lo the Charity and the amount can be reliably measured. The following specific policies are applied lo particular categories of in¢ome'. income from donations or grants is recognised when there is evidence of enlillement to the gift. receipt is probable and its amount can be measured reliably. legacy income is recognise(S when reIpt is probable and enlillemenl is established. incorne from donated goods is measured al the fair value of the goods unless this is impractical to measure reliably. in which case the value is derived from the c05110 the donor or the eslimaled resale value. Donated facilities and seNices are recognised in the accounts when ceiVed if the value can be reliably measured. No amounts are included for tho contribution of genèral volunteers. income from contracts for the supply of seNices is recognIs with the delivery of the ¢onlra¢led seNice. This is classified as unrestiicted funds unless there is a conlraclual requirement for il lo btt spent on a particular purpose and relumed if unspent, in which case il may be regarded as restricted. Resources axpendèd Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial a¢tivilies to which il relates.. expenditure on raising funds includes the costs of all fundraising aclivf(ies, events, non- charitable trading activities, and the sale of donated goods. expenditure on charitable activities includes all costs incurred by a charty in undertaking activities that further ils charitable aims for the benefit of its beneficiaries, including those support costs and ¢osts relating to the governan of the charity apportioned lo charitable activities. other expenditure includes all expenditure that is neither related lo raising funds forlhe charity nor part of ils expenditure on charitable aclivilies. All costs are allocAted lo expenditure categories refle¢ling the use of the resource. Direct costs allribulable lo a single activity are allocated directly lo that activity. Shared costs are apportioned between the activities they ¢onl¥ibule lo on a reasonable. justifiable and consislenl basis. Tanglble ass8ts Tangible assets are initially recorded at cost, and subsequently slated al cost less any ac¢umulaled depreciation and impairment losses. Any tangible assets carried al revalued amounts are recoided al the fair value al the date of revaluation less any subsequent accumulated depreciation and subsequent a¢cumulated impairment losses.
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 March 2024 Accountlng poll¢Ses (¢onllnued) Tangible assets Icontlnued) An increase in the carrying amount of an asset as 8 result of a revaluation, is recognised in other recognised gains and losses, unless il reverses a charge for impairment that has previously been reoognised as expenditure within the sialemenl of financial aclivilies. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except lo which il offsets any previous revaluation gain, in which case the 1055 is shown within other recognised gains and10sses on the slalemenl of financial activities. Depreclatlon Depreciation is calculated so as lo writè off the cost or valuation of an asset, less ils residual value, over the useful economic life of that asset as follows.. Short leasehold property Equipment Slraighl line over the life of the lease 25Qh slraighl line Impalrment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value ex¢eeds the recoverable amount. the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal al each reporting dale. For the purposes of impairment testing, when il is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the ¢ash-generaling unit to which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets Ih8t includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment lesling of goodwill, the goodwill acquired in a business ¢ombinalion is, from the acquisition dale, allocated lo each of the cash-generaling units that are expected lo benefit from the synergies of the combination. irrespective of whether other assets or liabilities of the charity are assigned lo those units. Government and local authority grants Government grants are recognised al the fair value of the asset reiVed or receivable. Grants are not recognised until there is reasonable assurance that the charity will comply with the Conditions allaching lo them and the grants will t)e received. Vwhere the grant does not impose specified future performance-relaled Conditions on the recipient, il is recognised in income when the grant proceeds are received or re¢eivable. Where the grant does impose specified future performance-related Conditions on the recipient. il is re¢ognised in income only when the performance-relaled conditions h8ve been mel. ere grants received are prior to satisfying the rèvenue recognilK)n crf(eria. they are recognised as a Iiabilily. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party lo the conlraclual provisions of the inslrumenl. 10
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (contlnuèd) Year ended 31 March 2024 Accounting policiès (conlinuedj Financlal Instruments (conlinuedj Basic financial instruments are inrtially recognised at ttrie amount receivable or payable in¢luding any related transaction costs. Current assets and current liabilities are subsequently measured al the cash orolherconsideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Ihhere investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value re¢ognised in income and expenditure. All other such investments are subsequently measured al cost less impairment. Financial assets that are measured al cost or amortlsed cost are reviewed for objective evidence of impaiment al the end of each reporting dale. If there is objective eviden of impairmént, an impairment loss is recognised under the appropriate heading in the slalemenl of financial a¢tivities in which the initial gain was recognised. Deflned contrlbution plans Contributions lo defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset lo the extent that the prepayment will lead to a reduction in future payments or a cash refund. INhen contributions are not expected lo be selld wholly within 12 months of the end of the reporting dale in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discoLJnl is recognised as an expense in the period in which il arises. Llmlted by guarantee The company is lirniled by guarantee of £1 per member without share capital.
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (¢ontinuedl Year ended 31 March 2024 Donations and legacies Unrestricted Restricted Total Funds Funds Funds 2024 Donations Donations Gift Aid Tax Recoverable 25.709 4,153 10.730 38.439 4.153 Grants LB of Camden Groundwork LB of Camden - Deferred grant 93,185 93,185 550 11,232 550 11.232 30,412 115,147 145,559 Unrestricted Funds Restrict& Total Funds Funds 2023 Donations Donations Gift Aid Tax Recoverable 18,165 4,735 10,892 4,265 29.057 9,000 Grants LB of Camden Groundwork LB of Camden - Deferred grant 75,000 75,000 3.000 11.232 3,000 11,232 25.900 101,389 127,289 Investment income Unrestricted Restrlcted Totsl Funds Funds Funds 2024 Income from listed investments Bank interest receivable 7,402 7,479 14,881 7,402 12,659 20,061 5,180 5.180 Unreslricled Funds Reslricled Total Funds Funds 2023 Income from listed investments Bank interest receivable 613 2,165 613 2,925 760 760 2,778 3,538 12
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements {¢onlinuedl Year ended 31 March 2024 Other income Unrestricted Restricted Total Funds Funds Funds 2024 Other income Library project Bar income Letling income Other miscellaneous income Other income 17.264 22,934 23.751 40.198 23.751 8,942 121,137 6,748 9,548 8,942 94,828 6,748 9,428 26.309 120 137,210 73,114 210.324 Unreslricled Funds Reslricled Total Funds Funds 2023 Other income Library project Bar income Lelling income Other miscellaneous income Other income 7,128 41.354 6,455 48,482 6,455 11,384 121,709 5,891 12,502 11,364 92,110 5,891 12,382 29,599 120 128,875 77,528 206,403 Costs of ra151ng donatlons and lègacies Unrèstricted Restricted Total Funds Funds Funds 2024 Costs of generating income- Other a¢livilies 18,402 18,402 Unreslricled Funds Reslrictfjd Total Funds Funds 2023 Costs of generating income- Other activities 536 15,392 15.928 Expenditure on charitable activities by fund type Unrestrl¢ted Restricted Total Funds Funds Funds 2024 Support costs 153,027 126,034 279.061 Unreslricled Funds Restricted Total Funds Funds 2Q23 Support costs 139,964 105,887 245,851 13
Primrose Hill Community Association Compar]y Limited by Guarantee Notes to the Financial Statements (¢ontsnuedJ Year ended 31 March 2024 10. Expenditure on charitable activities by activity type Support Total funds costs 2024 Total fund 2023 Core Activities Direct project costs Activities and outings Governance costs 133,177 19,436 113,277 13,171 279.061 133,177 19,436 113,277 13,171 114,016 16,599 102,492 12.744 279.061 245,851 11. Net income Nel income is stsled after chargingllcredilingl.. 2024 2023 Depreciation of tangible fixed assets 24.061 25,278 12. Staff costs The lolal staff costs and employee benefits for the reporting period are analysed as follows: 2024 2023 Wages and salaries Social security costs Employer conlribulions lo pension plans 117,421 10,032 2.472 99,420 9,190 2,005 129,925 110,615 The average head count of employees during the year was 512023.. 51. The average number of full-time equivalent employees during the year 18 analysed as follows.. 2024 No. 2023 No. Administration Management No employee reiVed employee benefits of more than £60,000 during the year {2023'. Nill. 13. Trustee remuneration and expenses SORP 2015 requires the following slalement lo be made'._ no remuneration or other benefits from employment with the charity or a related enlily were received by the Iruslees.. 14
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements Icontinuedj Year ended 31 March 2024 14. Tangible fixed assets Land and buildings Equipment Total Cost Al 1 April 2023 Additions 418,792 13.641 685 430,433 685 At 31 March 2024 416,792 14,326 431,118 Depre¢latlon Al 1 April 2023 Charge for the year At 31 March 2024 90,665 23,021 0,114 1,040 100,779 24,061 124.840 113,686 11,154 Carrying amount At 31 March 2024 303,106 326,127 3,172 3,528 306,278 Al 31 March 2023 329,655 15. Debtors 2024 2023 Debtors Other debtors 5,202 10,919 16,121 5,004 13.034 18.038 16. Investments 2024 2023 PHCL- Quoted investment portfolio 346.357 40,009 17. Crèditors: amounts falling due within one year 2024 2023 Payments received on account Trade creditors Provision for utilities Deferred income PHCA Barclaycard Commercial Arual9 50 4,485 12,500 134,261 8,271 5,010 6,538 15,500 89,844 3.701 5,220 120.803 164,577 15
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (coiilthued) Year ended 31 March 2024 18. Deferred income 2024 2023 Al 1 April 2023 Amount released lo income Amount deferred in year At 31 March 2024 134,261 144,4171 112.308 {11.2321 33,185 89.844 134,261 19. Pensions and other post retirement benefits Defined contribution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2,47212023.' £2,005). 20. Analysis of charitable funds Unrestrictod funds At1Apr 2023 Expenditur 8 Transfers Gains and At 31 Mar losses 2024 Income General funds Designated Fund Building maintenance Designaled Fund Contingency fund 474,788 172,802 1153,0271 494,563 474,788 172,802 {153.027 494,563 At1Apr 2022 Gains and Al 31 Mar losses 2023 Income Expenditure Transfers General funds Designated Fund Building maintenance Designated Fund Contingency fund 415,753 155.535 {140.5001 44.000 474,788 10,000 110.oaoi 34,000 134.OOQI 459,753 155,535 1140,5001 474.788 16
Primrose Hill Community Association Company Limited by Guarantee Notes to the Financial Statements (¢ontlmue(l) Year ended 31 March 2024 20. Analysis of charitable funds fcontinuedj Restricted funds AtIApr 2023 Gains and At 31 Mar losses 2024 Income Exp8nditure Trallsfers Reslricled Fund- Library fund Revaluation reserve 773.735 203.142 1144,4361 17011 831,734 14,991 701 11,3SO 27,042 788.726 203.142 {144,4361 11,350 858.782 A11Apr 2022 Gains and Al 31 Mar losses 2023 Income Expenditure Transfers Restricted Fund- Library fund Revaluation reserve 713,319 181,695 {121.2791 773,735 15,611 {6201 16201 14,991 728,930 181,695 1121,279) 788,726 21. Analysis of changes in net debt At1Apr 2023 At 31 Mar 2024 Cash flows Cash at bank and in hand Current asset investments 1,040,389 40,009 1234,9971 306,348 805,392 346.357 1,080,398 71,351 1,151,749 17
Primrose Hill Community Association Company Limited by Guarantee Management Information Year ended 31 March 2024 APPENDIX I The followlng pages do not form part of the financial statements. 18
Primrose Hill Community Association Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 March 2024 2024 2023 Income and endowments Donations and legacies Donations Gift Aid Tax Recoverable LB of C8mden Groundwork LB of Camden - Deferred grant re Lease Grants 36,439 4,153 93.185 550 11,232 145,559 29.057 9,000 75,000 3,000 11.232 127.289 Investment In¢om6 Income from listed investments Bank interest re1vable 7.402 12,659 20,061 613 2,925 3.538 Other incorne Other income Library project Bar income Lelling income Miscellaneous inwme Other income 40,198 23,751 8,942 121,137 6,748 9.548 48.482 6,455 11,364 121,709 5,891 12,502 210.324 206,403 Total income 375,944 337,230 19
Primrose Hill Community Association Company Limited by Guarantee Detailed Statement of Financial Activities fconllnuÈd) Year ended 31 March 2024 2024 2023 Expendlture Costs of ralsing donations and legacies Activity costs 18.402 15.928 Expenditure on charitable activities Wages and salaries Employerfs NIC Pension costs Rent Rates and water Light and heat Repairs and maintenan Insurance Other eslablishmenl-cleaning and sundry Advertising and marketing Legal and professional fees Telephone Other office costs Amortisalion Depreciation Direct project costs Professional fees Bank charges 117,421 10.032 2,472 1.054 7,085 12,469 13,345 3,049 29,040 856 11,212 2,218 8,095 11,232 12,829 34.670 73 1,909 99,420 9,190 2,005 423 6,052 9,983 11,657 1,886 26,917 1,201 10.374 2,235 7,734 11,232 14,046 30,203 78 1.215 279,061 245,851 Total oxpenditure 297.463 261,779 Net income 78,481 75,451 20
Primrose Hill Community Association Company LimTted by Guarantee Notes to the Detailed Statement of Financial Activities {conflnu8dJ Year ended 31 March 2024 2024 2023 Costs of raising donations and legaci&s Activity costs 18,402 15,928 Expendlture on charltable actlvltles Core Activities Support costs Wageslsalaries Employerfs NIC Pension costs Car park costs Rates & water Light & heal Repairs & maintenan Insurance Cleaning & sundry Advert15ing and marketing Telephone Office costs Depre¢ialion Bank Charges 75,158 6.826 1,562 1,054 4,762 3,000 8,089 1,802 12,870 856 1,193 2,357 12,264 1,384 133,177 61.207 5,951 1,296 423 3,798 3.000 S.179 943 11,953 1,201 1,022 3,631 12.439 973 114,016 Activities Support costs Dire¢l project ¢osts Library projects Support costs PHCL.. Wages and salaries PHCL.. Employerfs NIC PHCL.. Pension costs PHCL.. Rates PHCL.. Light & Heal PHCL.. Repairs & maintenance PHCL.. Insurance PHCL.. Cleaning & sundry PHCL.. Telephone PHCL.. Library project Offi Costs PHCL.. Amortisalion PHCL.. Depreciation PHGL.. Library project PHCL.. Bank charges 19,436 16.599 42.263 3,206 910 2,323 9.469 5.256 1.247 16,170 1.025 5,738 11,232 565 13,348 525 38,213 3.239 709 2,254 6,983 5,478 943 14,964 1,213 4,103 11,232 1.607 11.312 242 113.277 102,492 21
Primrose Hill Community Association Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities {contlnu8d3 Year ended 31 March 2024 2024 2Q23 Govemancg ¢0sts AOUntanCY fees Govetnance costs- bookkeeping, legal and professional fees Licenses & permits 5.220 5,992 1,886 73 5,220 5,154 2.292 78 13.171 12,744 Expendlture on charltable actlvltles 279,061 245.851 22