ANNUAL
REPORT
2024/25
Covering period April
2024 to March 2025
PRIMROSE
HILL
COMMUNITY
ASSOCIATION

Primrose Hill Community Association
29 HopkinsO￿'S Place
London, NWI 8TN
CONrfUNITY
"ASSOCIATION
PHCAAnnual General Meeting
Thursday. 16 October 2025 - 7pm
Agenda
i. Apologies
2. Minutes of previous AGM and Matters Arising
3. Reports
PHCA Presentation
PHCA Treasurer's Report
PHCLPresentation
PHCL Treasurer's Report
4. Votes
Adoption of Annual Report incorporating PHCA and PHCL
FinanceReports
Appointment of Accountants (Groman & Co)
5. A.O.B
TEL 020-7586 8327
FAX 020-7586 0043
Registered Numbpr 2196012
Charity Number 298215
Email= info@phca.cc
www.phca.¢c

Ivlinutes of Primrose Hill Community Association {PHCA) Annual General Meeting
held online on Thursday 17 October 2024 (covering periodApr 2023- March 20241
1. Apologies.. Anthony Imlls, Juliet Wrightson, Judy Cunnington, Linè Cooper, Nikki Hadyn, Jim Mulligan.
2. AGM 2023 Mlnutes
Held on 16 November 2023 were approved ladopted Nadia Crandall, seconded John Nutt}
3. PHCA and PHCL Reports
Marijke Good IPHCA & PHCL Chair) welcomed everyone and passed over to Michael Hudspeth
IPHCA CEO) who gave an overview of PHCA events and activities. He also brought in people lo talk
about various aclivilies, Open House (Tracey Mitchell), Neighbourhood Noshlwellbeing Café IDoro
Marden), Mernory Singing Circle (Martin Nelson) and MH spoke more about On the Hill magazine.
Nadia Crandall {PHCA Treasureil reported on Community Centre finances, informing the meeting that
the organis81ion was in a robust position.
Marijke Good (Library Chairl rèported on the library and all the other activities and events that have
taken place as well as the core library services.
LLJCY Collrell (Library Treasurer), gave an overview of library fInan￿S reporting that the Library
finances are in good shape.
Adoption of Annual Report Inc PHCA and PHCL finance reports. {adopted'. Maureen Betts
S￿onded.. Doro Marden)
Appointment of Groman & Co as AccountantslAuditors
Groman and Co were appointed as aecounlanls lo PHCA (adopted.. Rosemary Emanuel Seconded..
Martin Shepherd)
6. Electlon of trusteas.
Elizabeth Middleton, Oebbie Marshall, Kate D21y were all elected on a three year term last year so do not
need re*lecting. Marijke Good, Nadia Crandall, Lucy Cottrell, Maureen Betls ended their three.year term
bul are eligible to sland for another three year lerrr 3nd as such needed voting in. Election of four Iruslees
{proposed'. Eleanor Sturdy, Seconded.. Caroline Coc'perl.
7. Election of Chair.
MH explained there had been one nomination for Chair, Martjke Good, who was voted in by the trustees.
8. Thanks
Marijke thanked PHCA staff, trustees and volunteers, councillors, donors and supporters.
8. Motlons from the floor
None
9. A.0.
None
Marljke declared the mgetlng over and welcomed Alex Younger as speaker.

Primrose Hill Community Association
Company Limlted by Guarantee
Trustees, Annual Report (Incorporating the Dlrectovs Roport)
Year ended 31 March 2025
The Iruslees, who are also the directors for the purposes of company law, present their report and the
unaudited financi81 statèments of the charity for the yeai ended 31 March 2025.
Refèrence and administrative details
Registered charlty name
Primrose Hill Communtty Association
Charty r8gistration number
Company reglstration number 02196012
298215
Prtncipal office and registered 29 Hopkinsons Place
office
Fitzroy Road
London NWI 8TN
The trustees
Marijke Good {chairl
Maureen Betts (Vice ¢hairl
Nadia Crandall (Treasurer)
Lucilla Mary Cottrel
Debbia Marshall
Elizabeth Middleton
Company secretsry
Lorna Fowler
Independent examlner
Al Groman FCA
5 Violet Hill
st. John's Wood
London
NW8 gEB

Primrose Hill Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directorfs Report) IcontNnued)
Year ended 31 March 2025
Structuray govemance and managem&nt
Governlng Do¢ument
The charity is constituted as a cornpany limited by guarantee and is therefore governed by a
Memorandum and Articles of Association. d¥led 19 November 1987 and also registered with the Charity
Commissioners.
Appointment, induction & trdinlng of Trustees
All members are circulated with invitations lo nominate trustees prior to the AGM advising them of the
retiring Iruslees 2nd 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 orien181ion day to brief them on their legal obligations under charf(y and
company law. the conlenl of the Memorandum and Articles of Association, the Committee and decision
making processes, the business plan and re¢enl financial performance of the Charity.
During the induction day they meet key employees and other Irustaes.
Trustees are encouraged to attend appropriate external Iiaining events where these will facil((ate the
undertaking of their Tole.
Organlsatlon
The charity is organised so that the dlreclors meet regulady lo manage its affairs. There is one full time
executwe, M Hudspelh, who both manages the day lo day administration of the charty and organises
fundraising inilialives. The remaining staff are employed lo tun particular service sections orwilh specific
administration or building iesponsibilities.
Rlsk management
The trustees regularfy discuss the risks the charity may fa￿, and when potential risks are identified
systems and procedures to mitigate those risks are pul in p18ce. together with the implemenlalion of
procedures designed lo minimise any potential impact on thè charity should those risks matenalise.
Objectives and activities
The Gharity's object and ils principal activity continue lo be that of promoting the benefit of those persons
lTriing and working in that part of the London Borough of Camden which lies within a half mile radius of
the Cenlre.
The Iruslees have referred to the guidan￿ contained in the Charity Commission's general guidance on
public benefit when reviewing our aims and objectives and in planning our future setvices. In particular
the board of trustees consider how our plannèd ServI￿S will contribute to the aims and objectives they
have sel.
Strateglc report
The following sections for achievements and performan￿ and financial review form the strategic report
of the charity.

Primrose Hill Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Directovs Report) (continued)
Year ended 31 March 2025
Achievements and p8rformanc8
Our 'Op8n House, project which aims lo bring people together by putting on a different a¢tivity each
week, alw2ys followed by lea, cake and socialising, celebrated rf(s tweltth anniversary. The co-ordinator
Tracey Mtt¢hell has been with us from the start and continues lo produce innovative programmes.
Another of our projects which reached a similar landmark w8s our Life Drawing class, ever popular and
wonderfully administered throughout that lime by local artist Sophie Levi. The third of our 10 plus
anniversaries belong lo 'On the Hill, magazine, which we are very proud of, produced by our extremely
capable volunteers under the leadership of brilliant editor hAaggie Chambers. Regarding longevity,
Narcotics Anonymous have been meeting twce a week al Primrose Hill Community Centre for 39 years
Ilhe longest run of meetings at the same venue in the history of the organisalion in the UK).
Our Events team continues to put on a lot of community events, including the ever-popular Jumble Sale
which recycles a lol of local items, our November and March discos, always so popular thanks to our
pro-bono DJ Jason Pittock. The Quiz in May is another event which ahvays sells out with the help of
quizmasters Debbie and Nick. The 2nnual Summei Garden Paty is a real community event using an
army of volunteers to help organise and run it. Catherine Kelly. one of those amazing volunteers,
beaut￿ullY organises 811 the local bands and artists that perform on the day. The Burns night in January
is another popular traditional event. OurAGM went particularly well thanks lo the high C811b￿ of invited
guest speakerAlex Younger. We held sever81 topical talks over the year and al Chrislrnas we put on a
seasonal event for our volunteers and members. Other regular free or nominal cost activities that
happen al the community centre are Zumba Gold, Chair Yoga. Sadie Yoga. Qi Gong, Art for the Mind,
Drama workshops
We have a new employee al the communty centre and library, Cheuk Vvai Lee, who is doing a splendid
job and is loved by all.
The Community Centre became a polling ststion twi￿, once for the mayoral elections and once for the
general election.
One of our newer events, the Memory Singing Circle, started out with 2 or 3 users and now boasts
almost 40. Circle leader Martin Nelson mixes things up using shanties and rounds as well as popular
classic songs and is very much an interactive experience.
The Naighbourhood Nosh project offers a free market for essentials like fruit, vegetables. bread elc, s
Wellbeing Café with basic nutritious food on a pay what you can basis, and three Gourse meal deliveries
into the community.
The library continues to thrive and is open four days a week for book loans, printing, computer use,
newsp8pers, quiet space, whilst also hosting several author talks, a book club, chess Glub, games night,
live gigs, film shows, book and cake sales and various community ¢lasses. For younger children there
is ballet and rhyme tirne.

Primrose Hill Community Association
Company Llmlted by Guarantee
Trusteès. Annual Report (Incorporatlng the Dlrector's Report) {¢oJ7tlnuerlJ
Year ended 31 March 2025
Financi81 rèview
The Association, in this context the comblnalion of the Community Centr8 and thg Library, made
surplus of £51,771 (2024.. £89,831) in the financial year. April 2024 to March 2025. This is the combined
result of the Community Centré and the Library.
In practice the ftjnding and Accounts of the two organlsations are kept separate.
The Manag6m&nl A¢¢ounts ofthfy CommunityAssocialion aTrd the Library 8r8 attached as a key element
in th$ Trustees Report. There ar8 r&ports from both Treasurers attached to Ihelr separats Management
Accounts. {See Appendlces11 and1111
Plans for future perlods
In the colder weather we w411 continue to provide a wami welcoming spa¢e, through our G3fé and
communfty activities. The library snd ¢ommunlly cgnlre will Continue to provide free or low-prica
activities, classes and services for the benefit of people in the ¢ommunity. We will continue lo engag
across the neighbourhood through our various communication Ghannals like 'On the Hill. magazine.
soc181 media, newslattèrs 8nd hard copy posters across the area.
The truste&s' annual report and the slrateglc report were approved on . I C4
on beha￿ o
e board of trustees by..
Marllke Good {Chalrl
Trustee

Primrose Hill Community Association
Company Limlted by Guarantee
Independent Examiner's Report to the Trustees of Primrose Hill Communlty
Association
Year ended 31 March 2025
I report to the trustees on my examination of the financial statements of Primrose Hill Communty
Asso¢i8tion I'the charily'l for the year ended 31 March 2025.
Responsibllltles and basis of report
As the Iruslees of the company land also ils dire¢tors for the purposes of company lawl you are
responsible for the preparation of the financial statements in accordance with the requirements of tha
Companies Act 20061'lhe 2006 Acl'l.
Hawng satisfied myself that the accounts of the company are not required lo be 8tJdiled under Part 16
of the 2006 Act 8nd are eligible for independent examination, I report in respect of rny examination of
the charity's accounts 8s carried out under section 145 of the Charities Act 2011 {'Ihe 2011 Acl'l. In
carrying out my examination I have followed the Directions given by the Charity Commission under
section 145(51{bl of the 2011 Act.
Independent examlnerfs statgment
Since the charity's gross income exceeded £250,000 your ex8miner must be a member of a body listed
in se¢lion 145 of the 2011 Act. I confirm that l am qualified lo undertake the examination becausè l am
a member of the Institute of Chartered Accounlanls in England and Wales {ICAEW, which is one of the
listed bodies.
I have completed my examinstion. I wnfirm that no matters have come to my attention in connection
with the exatninalion giving me Cause lo believe-.
accounting rewrds were not kept in respect of the charrf£y as required by sedDn 386 of tho
2006 Ad., or
the financial statements do not a¢¢ord wth those records., or
the financial statements do not comply with th& accounting requirements of section 396 of tha
2006 Act other than any requirement that the accounts give 2 '1rue and fair, vi&w which is not
a matter Considered as part of an independent examination,. or
the financial statements have not been prepared in accordance with the methods 8nd
principles of the Slalemenl of Recommended Practice for accounting 8nd reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK 2nd Republic of Ireland (FRS 1021.
I havé no concerns and have come aGfoss no other matters in connection with the examination lo which
allenlion 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 Violet Hill
Sl. John's Wood
London
NW8 9EB

Primrose Hill Community Association
Management Accounts
31 March 2025
APPENDIX11

Primrose Hill Community Association Management Accounts
Company Limited by Guarantee
Trustee's Annual Report (Incorporating the Director's Report)
Year ended 31 March 2025
FINANCIAL REVIEW
This financial review relates lo the activities and resource8 of the Primrose Hill Community Association,
excluding thè library. Charges for services between the two are eliminated in the Gonsolidated
slalements to avoid double counting.
The Cornmunity Association has enjoyed another successful year, with a solid increase in nel incomè
despite continuing inflationary pressures. We have also developed several new initiatives. Financial
results for the year ending 31 March 2025 reflect a robust level of activity.
Total income for the yesr was almost £207.000. ¢omp8réd to £196,000 for 2023-2024. This increase is
primarily accounted for by more grant income and a doubling in inGome from bank interest. Al the same
time, expenses de¢lined from £181,000 10 £177.000 with the main contributor being a lower Cost for
repairs and maintenance. Staffing levels remained the same with costs for the Wellbeing Café and
Neighbourhood Nosh laryely covered by grants and donations.
Activities continued lo be well supported, benefrtting from community engagement and the help of many
local businesses and enthusiastic volunteers. We were sold out for our hugely popular Top of the Hill
quizzes, our discos, our January 25 Burns Night, and our annual Book Festival. There were many parties
throughout the year, including summer parties in Chalcol Square, a Christmas paty, and a 10th
anniversary paty to celèbrate thè continued suc¢ess of On the Hill. There were two sold OLJI talks on
HS2 and on Artists and their Studios, as well as our monthly film group and Sunday bar. Qi Gong and
Chair YogalPilales remain very popular. In addition, we trialled several new offerings, including Singing
for the Brain, Art for the Mind and a group for eating disorders. Neighbourhood Nosh continues lo
support people in food crisis, and the Wellbeing Café remains open every Wednesday lunchtirné.
The nursery at the Cenlre. continued ils operations throughout the year. 'On the Hill,, the free local
magazine, continued its dual print and online presence with an extremely successful Christmas 2024
and Spring 2025 print edition. It continues to attract strong interest from local advertisers and is mostly
self-supporting though the Association makes a small contribution lo each print edition in recognition of
ils value to the Primrose Hill community.
In summary, the Association made a surplus on the year of £29,300. Nel assets amount lo £551,000.
of which £346,000 is in cash or short-term receivables, and the balance is in the building lease, new
kitchen and other minor improvements, which will depreciate over approximately 20 years and 10 years
respectively.
The trustee's annual report and the strategic report were approved on
on behalf of the board of trustees by..
and signed

Primrose Hill Community Association Management Accounts
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Unrestrl¢ted Restricted
funds
funds Totsl funds Total funds
2024
Nots
Income and endowments
Donations and legacies
Investment income
Other income
36,157
10,593
139,330
36,157
10,593
159,873
30,412
5,180
160,264
20,543
Total income
186,080
20.543
206.623
195,856
Expenditure
Expendrfture on raising funds-.
Costs of raising donalK)ns and
legacie5
Expenditure on charitable activities
Total expenditure
10,603
142,027
6,005
18,627
24,632
16.608
160,654
177,262
18,402
162,795
152,630
181,197
Net income and net movement in funds
33.450
14.0891
29,361
14,659
Reconcillation of funds
Total funds brought forward
Total funds carried forward
494,563
27,042
521,605
506,946
528.013
22.953
550,966
521,605
The statement of finan¢i81 activities includes 311 gains and losses recognised in the year.
l income and expenditure derive from ¢ontinuing aGtivilies.
Th8 not88 on pages 4 to 9 form part of th8se tinancial statsments.

Primrose Hill Community Association Management Accounts
Company Llmlted by Guarantee
statement of Financlal Position
31 March 2025
2025
2024
Note
Fixed assets
Tangible fixed assets
13
204,830
216,434
Current assets
Debtors
Cash at bank and in hand
14
16.613
362.398
16,121
317,370
379,009
333,491
Credltors.. amounts falllng duo
withln one year
Not current assets
15
32,873
28,320
348,136
305,171
521,605
Total asset5 less current Ilabllltles
550.966
Net assets
660,966
521,605
Funds of the charrty
Reslricled funds
Unrestricted funds
22,953
528,013
550.966
27,042
494,563
Total charity funds
17
521.605
The notes on page$ 4 to 9 form part of th85e flnaneial statements.

Primrose Hill Community Library
Management Accounts
31 March 2025
APPENDIX111

Primrose Hill Community Library Management Accounts
Company Llmited by Guarantee
statement of Financial Activities
(including income and expendIture account)
Year ended 31 March 2025
LIBRARY BUSINESS MODEL
PHCL always runs an operational deficit. The Library today has annu21 running costs of just over £1 OOK
lup from the ca. £75K costs when we re-opened as a Community Library in 20121. Even after 14 years,
and substantial inflation in the meantime, we are still well below the £157K running costs p.a. incurred
when it was Council-run.
Our main costs are employees (two part-time stsff) 8nd property (including rates, energy and cleaning
costs). These together represent three quarters of our annual cash Costs.
How do we finan￿ these costs eaeh year? Part of the ¢osl can be covered by room lettings on Tuesday,
Thursdays and Sundays. the days on which the Library is closed. We also generate income from events,
book sales and the Film Club. We pmjecl that this 'Library-Gen&tsled Incom8, will generate £40K- 50K
each year.
That still leaves a hole of up lo £60K each year- what we call the op8Trtional dsficil. This deficit has to
be covered by monies raised each year from donations, grants and investmenuinterest income.
From day one, the Library Board fell it was ¢Tucial lo have the building open as a library for as much
time ss possible, increasing operjing hours versus when il was Council-run. This limits the lime when
the Library is closed and when we can generate Lellings Income. We have also deliberately tried to
keep room and event rates affordable to local groups, businesses and residents.
We are proud that we have so far managed every year to find the grants and donations to close the gap
and deliver surpluses. thanks lo the generosity of our supporters. Bul we cannot ¢ounl on this long term,
espe¢ialSy as Camden Council has already signrficanlly reduced their support in the last three years.
The current financial resources give us comfort forlhe next few years. However, as per our original plan,
long term we hope lo build our financial resources up lo the point that interest and investment income
will cover much of that running cost deficit each year. We are roughly 30°/o of the way to that long-lemi
goal. This is the road map to PHCL'S financial suslainabilily.
The notes on pages 5 to 10 fomi part of the88 financial stat6ments.

Primrose Hill Community Library Management Accounts
Company Limited by Guarantee
statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
OPERATIONAL RESULTS FOR 2024-25
Total Income for the year was £147K. Stripping out Deferred Income re the lease, income was £136K.
brary-GeneTrted Income was £42K, down on the £50K of the previous year.
Inv8Stmsnl Income & Barjk Interest was £26K lallhough partially offset by capital losses of £7TrQ.
This income stream covers roughly 300A of the annual operating deficit.11 is well up year on year.
Grants & Donations InGome was £69K, well down on the previous year, rnain￿ as Camden Council
cut ils support to the Library by 55 /0 versus last year. Grants include £5k from Crerller Housing
Association for a specific project. However. the good news is the Council Camden CIL grant amount
is expected to rise again in the current financial year.
Tol81 Costs for the year were £118K. If we exclude £11 K of amortisation, and the costs funded by the
Cremer Grant of £5K for work on the Children's Librdry, then Running Costs were £102K.
When we look at thg financial challengè each year. we have to run fast to stand still i.a the
Operatlonal Deficit was £60K1£102K Running Costs mlnus £42K Library Generated Income).
So, while Charity Funds were £854K al year end, we will need every penny of that, and more, to sustsin
the library long-lemi. We should not be complacent.
CONCLUSION
The library delivers an excellent servi￿, providing a warm and welcoming place for readers and others.
With 5,639 members lat the lime of writing), the community clearly appreciates this. We only slay open
thanks to the generosity of volunteers and donors. and the excellent work of our staff.
The notes on pag85 5 to 10 fomi part of these financial statements.

Primrose Hill Community Library Management Accounts
Company Limited by Guarantee
statement of Financial Activities
(including income and expenditure account)
Year ended 31 March 2025
2025
Restricted
funds Total funds
2024
Total funds
Not•
Income and endowments
Donations, legacies 8nd grants
Investment income
Other income
79,920
25,551
41,808
79,920
25,551
41,608
115,147
14,881
50,060
Total Income
147,079
147,079
180,088
Expenditure
Expenditure on charitable activities
Total expenditure
117,897
117.897
116,266
117.897
117.897
116,266
Net Income
29,182
29,182
63,822
other re¢ognised gains and losses
{Lossesllgains from revaluation of fixed assets
Net movement in funds
{6,7721
22,410
{6,7721
22,410
75,172
Reconciliation of funds
Total funds brought forwatd
Total funds carri8d forward
831.740
831,740
854,150
756,568
831,740
854,150
The stslemenl of financial 2Ctivf(ies includes all gains and losses recognised in the year.
All in¢om8 and 6xpendilure derive from Continuing activities.
The note8 on pages 5 lo 10 forni part of these financial 5tatern6nts.

Primrose Hill Community Library Management Accounts
Company Limited by Guarantee
Statement of Financial Position
31 March 2025
2025
2024
Not8
Fixed assets
Tangible fixed assets
12
78.613
89,844
Current assets
Debtors
Investments
Cash 81 bank 8nd in hand
13
14
33
507.835
351.641
346,357
488,022
834,379
859,509
Creditors- amounts falling due within one year
Net current assets
15
83.972
92,483
775,537
854.150
741,896
831.740
Total assets less current liabilities
Net assets
854,150
831,740
Funds of the charity
Reslricled income funds..
Revaluation reserve
Other restricted income funds
6,T121
860,922
26,341
80S,399
Total charity funds
18
854,150
831,740
For the year ending 31 March 2025 the charity was entitled lo exemption from audit under section 477
of the Corllpanies Act 2006 relating lo small companies.
Director's responsibilities-.
The members have not required the company lo obtain an audit of ils financial statements for the
year in question in accordance with section 478",
The director acknowledges his responsibilities for complying with the requirements of the Act with
respect lo accounting records and the prepamlion of financial statements.
These financial stalemènls have been prepared in accordance with the provisions applicable lo
companies subject to the small Gompanies, regime.
These financial statements were approved by the board of trustees and aulhorised for issue on
and are signed on behalf of the board by-.
The notes on pages 5 to qo forni part of these ftnanclal 8tataments.

COMPANY REGISTRATION NUMBER: 02196012
CHARITY REGISTRATION NUMBER: 298215
Primrose Hill Community Association
Company Limited by Guarantee
Unaudited Financial Statements
31 March 2025
GROMAN & 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 2025
Page
Trustees, annual report (incorporating Ihe director's report)
Independent examiner's report to the trustees
Statement of financial activities (including income and
expenditure aGcount)
Statement of financial position
Notes to the financial statements
The following pages do not form part of the flnanclal statements
Detailed statement of financial activities
18
Notes to the detailed statement of financial activities
20
Appendlx 11
Community Association Management Accounts
Appendix111
Community Library Management Accounts

Primrose Hill Community Association
Company Limited by Guarantee
Trustees. Annual Report (Incorporating the Directorfs Report)
Year ended 31 March 2025
The Iruslees, who are also the dlreclors for thè purposes of company law, present their report and the
unaudited financial slalemenls of the charity for the year ended 31 March 2025.
Reference and administrative d&tall$
Raglstered charity nama
P￿rnrOSe Hill Community Association
Charity rngl$tratlon number
298215
Company registration number 02196012
Principal offleo and registered 29 Hopkinsons Place
offica
Fitzroy Road
London NW1 8TN
The trustees
Marijke Good Ichairl
Maureen 8etts (Vice ch8ir)
Nadia Crandall (Treasurer)
Lucilla Mary Cottrell
Debbie Marshall
Elizabeth Middleton
Company secretary
Loma Fowler
Independent examlner
Al Groman FCA
5 Vio181 Hill
Sl. John's Wood
London
NW8 9EB

Primrose Hill Community Association
Company Limited by Guarantee
Trustees, Annual Report (In¢orporating the Directorfs Report) {¢onlinuedJ
Year ended 31 March 2025
structure. governance and management
Govèrning Document
Th8 charity is consliluted os a company limited by guarantee and is therefore govemed by a
Memorandum and Articles of Assoclalion. dated 19 November 1987 ond also registered with the Charity
Commission8rs.
Appolntment, Inductlon & tralnlng of Trustees
All members are cir¢ul8led with invitations lo nominate trustees prior lo the AGM advising them of the
retiring Iruslees and requesting nominations for the AGM. When consid8rSng co-opting Iruslees. the
Board has regard lo the requiremenl for any specialist skllls needèd.
New Iruslees undergo an orienlalion day lo brief them on their legal obligalions under charity and
company law. the conlenl of the Memorandum and Articles of Association, the ¢otnmittee and decision
making processes, the business plan and recenl linan¢ial performance of the charity.
During Ihe induction day Ihey meet key employees and other trustees.
Trustees ar8 encouraged lo allend appropriate external training events where thèse will facilitsle the
undertaking of their role.
Organlsatlon
The charity is organlsed so Ihal the directors meet regularly lo manage Sts affalrs. Ther8 is one full lime
executive, M Hudspelh, who LK)Ih marbages the day lo day adminislralion of the ¢harily and organises
fundraising inilialives. The remaining s12ff are employed to run particularservice sections orwilh specific
adminislralion or building responsibilities.
Risk management
The trustees regularfy discuss the risks the charity may face, and when potential risks are identified
systems and procedures lo mitigate those risks are pul in place. together with the implementation of
procedures designed lo minimise any potential impact on the charty should those risks maleiialise.
Objectlv&$ and actlvltles
The ¢h8r11￿S object and ils principal activily continue to be that of promoting the benefit of those persons
livlng and working in that part of the London Borough of Camden which lies within a half mile radius of
the Centre.
The IrLJStees have referred to Ihe guidan￿ contained in the Charity Commission's general guidance on
public benefit when reviewing our aims and obje¢tives and in planning our future services. In particular
the board of trustees ¢onsider how our planned services will contribute to the aims and objectives thèy
havo sel.
Strateg1¢ report
The following secttons for achievements and performance and financial review form the strategic report
of the charity.

Primrose Hill Community Association
Company Limited by Guarantee
Trustees, Annual Report (Incorporating the Director's Report) f¢ontlnuedJ
Year ended 31 March 2025
Achlevements and perfomiance
Our 'Open House. project which alms to bring people together by putting on a different aclwily each
week. always followod by lea, cake and socialising, celebrated ils twelfth anniversary. The co-ordinator
Tracey Mil¢hell has been with us from Ihe start and Continues to produce innovative programmes.
Another of our projects which reached a similar landmark was our Life Drawing class, ever popular and
wonderfully administered throughout that lime by local artisl Sophie Levi. The third of our 10 plus
anniversaries belong to 'On the Hill. magazine, which we are very proud of. produced by our exlr6moly
capable volunteers under the leadership of brflllanl edllor Maggie Chambers. Regardlng longevlty.
Narcotics Anonymous have been meeting twice a week at Primrose Hill Community Centre for 39 years
Ilhe longest run of mè81ings al the same venue in the history of the organisatlon in the UK).
Our Evenls learn continues to pul on a lol of community events, includlng the ever-popular Jumble Sale
whlch recycles a lol of local iterns, our Novèmber and March discos, always so popular thanks lo our
pro-bono DJ Jason Pitlock. The Quiz In May is another event which always sells out with the help ol
quizmasters Debbie and Nick. The annual Summer Garden Party IS 8 re81 community event using an
army of volunteers lo help organise and run it. Catherine Kelly. one of those amazing volunteers,
beautifully organises all the local bands and artists that perfomi on the day. The Burns night in January
is another popular Iradilional event. Our AGM went particularly well thanks to the high ¢alibre of invited
guest speakerAlex Youngor. We held sèveral topical talks over the year and al Chrfslmas we pul on a
seasonal event for our volunteers and members. Other regular free or nominal cost activities that
happ8n at the community centr8 are Zumba Gold, Chalr Yoga. Sadie Yoga, Qi Gong, Art for th& Mind.
Drama workshops
We hav6 a naw 8mployee al the community centre and libraiy, Cheuk Wai Lee. who is doing a splendid
job and is loved by all.
The Community Centre became a polling station iwice. On￿ for the mayoral elecllons and onc8 foT the
general election.
One of our newer events, the Memory Singing Circle, started out with 2 or 3 users and now boasts
almost 40. Circle18ader Martin Nelson mix8s things up using shanties and rounds as w811 as popular
classlc songs and is very much an interactive experience.
The Neighbourhood Nosh project offers a fre$ market for essentials like fruit, vegetables, bread elo, a
Wellbeing Café with basic nulrllious food on a pay what you can basis. and three course m8al deliverf8S
into the communily.
The Ilbrary conllnues to thrnie and is open four days a week for book loans. printing, computer us6,
newspapers, quiet space, whilsl also hosting several author talks. a book club, chess club, games night,
Inie gigs. film shows, book and cake sales and various comrnunily classes. For young&r chlldren there
is ballet and rhyme lime.

Primrose Hill Community Association
Company Limited by Guarantee
Trustees. Annual Report {IncorporatÈng the Director's Report) (contlnuedj
Year ended 31 March 2025
Flnanclal review
The Associ8llon, In this context the combination of the Community Centre and the Library. made a
surplus of £51.77112024.' £89,831) in the finanaal year, April 2024 to March 2025. This is the cornbined
result of the Community Centre and the Library.
In pracll¢e the funding and Accounts of the two organisations are kept separate.
The Management Accounts of thè Community Association and the Library ar8 allached as a key element
in the Trustees Report. There are reports from both Treasurers allached to their separate Management
Accounts. {See Appendlcesll and 1111
Plans for future perlods
In the colder weather we will continue lo provide a warm welcoming space, through our café and
corllmunily aclivilies. The library and communily centre will continue lo provide free or low-pri
aclivilies. classes and services for the benefit of people in the community. We will continue to engage
across the neighbourhood through our various ¢ommuni¢alion ¢hanng1s like 'On tho Hill, magazine,
soclal media, newsletters and hard copy posters across the ar8a.
Tha trustees, annual report and the strategic rewjrt were approved on . I r•
on behalf o
e board of Iruslees by=
Marijke Good (Chair)
Trustee

Primrose Hill Community Association
Company Limiled by Guarantee
Independent Examiner's Report to the Trustees of Primrose Hill Community
Association
Year ended 31 March 2025
I report lo the Iruslees on my examination of the linanaal statements of Primrose Hill Community
Association fihe charity,) for the year ended 31 March 2025.
ResponslbllitSes and basls of report
As the trustees of the company land also ils directors for the purposes of ¢omp8ny law} you are
responslble for the preparation of the financial slalemenls in accordance with the requirements ol the
Companies Act 20061.the 2006 Act'i.
Having satisfied myself that the a¢¢ounls of the company 8re not required lo be audited under Part 16
of the 2006 A¢1 and are eligible for independent examination, I report In resptscl of my examlnalion of
the charity's accounts as carried out under section 145 of the Charities Act 2011 I'lhe 2011 Act,). In
carrying out my examination I have followed the Directions given by the Charity Commission under
sectton 14515llb) of the 2011 A¢1.
Independent examlnerfs statement
Sin¢fj the cJ)8rity's gross incomo exceaded £250,000 your examiner must bg a mgmbgr of a body listed
in s6clion 145 of the 2011 Act. I confirm that l am qualified to undertake th6 8xaminalion because l am
a member of the Institute of Chartered Accountants in England and Wales IICAEWI. which is one of the
listed bodies.
I have completed my examlnatlon. I conflrm that no matters have come lo my all8nllon In conn8clion
th the 6xaminalion olvlng me cause lo belleve..
accounting records were not kept in ￿spect of the charity as required by sectlon 386 of the
2006 Acl., or
the financial statements do not accord with those records.. or
the financial statements do not comply with the accounting requirements of section 396 of the
2006 Act other than any requiromont that the accounts give a 'true and faiv view which is not
a matter considered as part of an Indepondent examSnatton', or
the financial statements have not been prepared in accordance with the methods and
principles of the Statement of Recommended Practice for accounting and reporting by
charities applicable lo charthies preparing their acwunls in accordance with the Financlal
R8POrting Standard applicable in the UK and Republic of ITeland IFRS 1021.
I have no concerns and have come across no other matters in connection with the examination lo which
attention should be drawn In Ihls report In order to enable a proper understanding of the accounts to be
reached.
Al Groman FCA
Independent Examiner
5 Violet Hill
Sl. John's Wood
London
NW8 gEB

Primrose Hill Community Association
Company Limited by Guarantee
Statement of Financial Activities
{including income and expendlture account)
Year ended 31 March 2025
2025
Unrestrlcted Restricted
funds
funds Total funds
2024
Total funds
Note
Income and endowments
Donalions, legacies and grants
Investment income
Other income
36,157
10,593
139,330
79,920
25.551
62,1S1
116.077
36,144
201,481
145,559
20,061
210,324
Total Incom¢
186,080
167,622
353,702
375,944
Expenditure
Expenditura on raising funds..
Costs of raising donations and
legacies
Expendlture on charitable acllvllles
Total expenditure
10,603
142.027
6,005
136,524
16,608
278,551
18,402
279.061
9,10
152,630
142,529
295.159
297,463
Net Income
33.450
25,093
58,543
78,481
Other racognised gains and lossos
{Lossgsllgains from revaluation of fixed
assets
{6,7721
18,321
{6,7721
51.771
11,350
Net movement in funds
33.450
89,831
Reconclllallon of funds
Total funds brought foNard
Total funds carrlad forward
494.563
858,782
1,353,345
1.263,514
528,013
877,103
1,405.116
1,353,345
The statement of financial activities includès all gains and losses recognised in the year.
All income and expenditure derlv& from conllnuing actlvilies.
The t)otes oti pages 8 ¢0 16 fom) part of these financlal statements.

Primrose Hill Community Association
Company Limited by Guarantee
Statement of Financial Position
31 MarGh 2025
2025
2024
Note
Flxed assets
Tangible fixed assets
14
283,443
306.278
Curr&nt 8ssots
Debtors
Investments
Cash at bank and in hand
15
16
16,696
507,835
714,037
1,238.568
16,121
346,357
805,392
1.167.870
Credltors: 8mounts falllng due wlthln one yoar
Net current 8SS8ts
17
116,895
120,803
1,121,673
1,405,116
1.405,116
1.047.067
Total assets less current Ilabllltles
1.353,345
Net assets
1,353,345
Funds of the charlty
R¢stri¢ted income funds..
Revaluation reserve
Other restricteil in¢ome funds
Unrestricted funds
16,7721
883,875
528,013
27.042
831.740
494.563
Totsl ¢harlly fund$
20
1,405.116
1.353,345
For the year &ndlng 31 March 2025 the charity was onlitlod lo exemption from audit under section 477
of the Cornpanies Act 2006 rslating to srnall companies.
Directors, responsibilities..
The merllbers have not required the ¢omp8ny to obt8in 8n 8udit of its fin8rrial statements for the
year in question In accordance with se¢tÉon 476.,
The dlreclors acknowledge Ihelr responsibiliEies for complying with the requirements of the Actwilh
respect to accounting records and the preparation of financial statements.
Thes8 flnancial statements have been prepared in accordanc8 with the provisions applicabl8 10
companies subject lo the sma51 companles, reglme.
Th8se financial statements were a
on........
proved by the board of Iruslees and aulhorised for Issue
and are signed on behalf of the board by=
Marijke Good (Chair)
Trusteo
The notes on pag85 8 to 16 form part of these finanGial 5tatement¥.

Primrose Hill Community Association
Company Llmlled by Guarantee
Notes to the Finan¢lal Statements
Year ended 31 March 2025
GenÈral Information
The charity is a publi¢ benefit entity and a privale 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, Fitzroy Road. London NW18TN.
statement of compllance
Thase flnancial statements have bèén prepared in complianca wilh FRS 102, 'The Financial
Reporting Standard applicable in the UK and the Republ1¢ of Ireland,, the Slalement of
Recommended Practice applicable to ch8rities preparing their accounts in accordance with the
Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 1021 Icharili8S
SORP IFRS 10211 and the Companies Act 2006.
Accounting poll¢l•s
Ba$1$ of preparation
The financial statements have been prepared on the historical cost basis, as modified by Ihe
revaluation of certain financlal assets and liabilities and investment properties measured al fair
value through income or expenditure.
The financlal stalemgnts are prepared Sn sterling, which is the functional currency of th8 entity.
Going concern
There are no material uncertainties about the charity's 8bility lo continue.
Judgements and key sources of astlmation uncertalnty
The preparation of the financial statements requires management lo make judgements, estimates
and assumplic>ns Ihal affect the amounts reported. These ¢stimates and judgements are
continually reviewed and 8ra based on experiénce and otheT fa¢tors, including expectations of
future events that are belleved to be reasonable undor the circumstance8.
Fund accountlng
Unrestricted funds are 8vaSlable for use al the discretion of the trustees to further any of the
charill8 purposes.
Desionated funds a￿ unrestricted funds earmarked by the Iruslees for particular future project or
commitment.
Restricted funds are subjected to reslriclions on their expenditure declared by the donor orthrough
the terms of an oppeal, and fall into on8 of Iwo sub.classes: restricted income funds or endowment
funds.

Primrose Hlll Community Association
Company Limiled by Guarantee
Notes to the Finan¢lal Statements (conilnu6dJ
Year ended 31 March 2025
Accounting pollclès {contlnuedJ
Incomlng resources
All incomlng resources are included in the statement of financial activities when enlitlemenl has
passed to the charity., il is probabl& that the economic benefits associated with the transaction will
fTow to the charity and the arnounl Can be reliably measured. The following specific policies are
applied to particular categories of income=
income from donations or grants is re¢ognise(S when there is evKlonce of entillemenl lo the
glft, receipt is probable and ils amount Can bo measured reliably.
legacy income is recognised when receipt is probable and enlillemenl is established.
income from donated gO￿S is measured at the fair valtje ol the goods unless this is
impractical lo m8asure reliably, in which case the value is derived from Ihe cost to the donor
or the eslimaled resale value. Donalad facilities and servlces are recognised in the accounts
when received if the value tan bè reliably measured. No amounts are Indud8d for the
contribution of general volunteers.
income from contracts for the supply ol serv￿eS is recognised with the delivery of the
contracted service. This is dassified as unrestricted funds unless there is a contractual
requirement for il lo be spent on a particular purpose and returned if unspent. in which case
I may be regarded as reslricled.
Rosources expend8d
Expenditure is rgcognised on an accruals basis as a liability is incurred. Expenditure Includas any
VAT which cannot be fully recovered, and is classilied under headings of the slatement of fin8ncial
activities lo whi¢h it relates..
$xpendilure on raising funds in¢lLtdes the costs of all fundraising activities. events, non-
charitable trading activities, and the sale of donated goods.
expenditure on charltable actlvilies includes all costs Incurred by a charty In undertaking
aclivities that furth8r its charllabl8 8ims for the benefll of Ils beneficiaries, including those
support costs and costs relating to the governan￿ of the chaiity apportioned lo charitsble
a¢livilies.
olherexpendilure includes all expenditure that is neither related lo raising fundsfor the Charity
nor part of Its expenditure on chari18ble activities.
All costs are allocated to expendrture categories reflè¢tlng lh¢ use of the resource. Direct costs
attributable to a single activity are allocated directly lo that aclivily. Shared costs are apportioned
beiween th8 activities they contributè lo on a reasonable. justifiable and consistent basis.
Tangible assets
Tanglble ass&is are initially recorded al cost, and subsequently slated al Cosl less any accumulated
depreciation and impairment losses. Any18ngible assets carried al revalued amounts are recorded
at the fair value 81 the dale of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairmenl losses.

Primrose Hill Community Association
Company Limited by Guarantee
Notes to the Financial Statements fconllnued)
Year ended 31 March 2025
Accountlng pollclas (¢ontlnu8d)
Tangible assets [￿￿11￿￿&￿)
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
recognised gains and losses, unless 51 reverses a charge for impairment that has previously been
recognised as expenditure within the slalemenl of financial activities. A decrease in the carrying
amount of an asset as a result of revalu81ion, is re¢ognised in olhar recognised gains and losses,
except to which it offsets any previous revalu81ion gain, In which ca88 the loss is shown within
other recognised gains and losses on the slalemanl of financial aclivilies.
Depreclatlon
Depreciation is ¢alculated so as to write off the cost orvaluation of an asset. less its residual value.
over the us6ful economlc life of that asset as follows..
Short leasehold property
Equipment
Straight line over Ihe life of the lease
25Vo straight line
Impaimient of fixed assets
A review for Sndicalors of Impalrm8nl18 C8rr18d out at each reporting dalé. with the recov8rab18
amount being eslimaled where such indicators exist. Whgre the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments ara also rgvigwed for
possible reversal al each reporting date.
For the purposes of impaiifnenl testing. when il is not possible lo estimate the recoverable amount
of an Individual asset, an estimate is made of the recoverable amount of the cash-generating unil
lo which the asset belongs. The cash-generaling unil is the smallest identifiable group of assets
that indudes the asset and generates cash inflows that largely independent of the cash inflows
from other assets or groups of assets.
For Impairmant lesllng of goodwlll. the goodwll acquired in a business combination is. from the
8cquisilion date. allocale(S to each of the cash-generating units that are expected lo benefit from
the synergies of the combination, irrespective of whother olh6r assets or liabilities of th& charity
are assigned lo those unlts.
Government and local authorlty grants
Govemment grants reeognised at the fair value of the asset received or receivable. Grants are
not recognlsed until there is reasonable assurance that the charity wlll comply with the conditions
atta¢hlng lo them and the grants will be recsived.
Where the grant does not impose specified future performance-related conditions on the recipient,
il is recognised in income when the grant pro¢eeds are received or re￿ivable. Where the grant
does impose specified future porformance-relaled conditions on the re¢ipi8nt, Il is re¢ognised in
income only when the perforfflance-relaled conditions have been mel. Where grants received are
prior lo satisfying the revenue recognition criteria, they are recognised as a liability.
10

Primrose Hill Communlty Association
Company Limited by Guarantee
Notes to the Financial Statements (conllnu8d)
Year ended 31 March 2025
Flnanclal Instruments
A financial asset or a financial li8bilily is recognised only when the enlty becomes a party to the
contractual provisions of the inslrumenl.
Basic financial instruments are initially recognised al the amount receivable or payable including
any related transaction Costs, unless the arrangement conslilules a financing transaction, where it
Is recognised al the present value of the future payments discounted at a market rale of interest
for a similar debt instrument.
Current assets and current liabilities are subseq¥Jenlly measured atlhe cash or other consideration
expected to be paid or recelved and not discounted.
Debt instruments are subsequently measurod at amortised cost.
Where Investments in shares or preference shares are publlc1y traded or their falr value can
othenmise b8 moasured reliably. the investment Is subsequently measured at fair value with
changes in fair value recognised in income and exp8ndilure. All other such inveslmenls are
subsequenlly measured al Cost less impairm6nt.
Financial assets that are measur8d 81 cost or amortised cost are reviewed for objedlve eviden
of impairment at the end of each reporting date. If there is objective evidence of impairmenl, an
impairment loss is recognised under the oppropriate heading in the slalemenl of financial activities
in which the initi81 gain was recognised.
Defined ¢ontribution plans
Contributions lo defined contribution plans are recognised as an expense in the perlod in which
the related service is provided. Prepaid Contributions are recognised as an asset to the extent that
the prepayment will lead to a reduction in future payments or a cash refund.
h8n conlrlbutions are not expactgd to be settlèd wholly wllhin 12 months of tha end of the
reporting date in which the employees render the related 8ervic8, the liability Is measured on a
discounted present value basis. The unwinding of the discount is recognlsed as an expense in the
period in which11 arises.
Llrnlted by guarantee
The Company is limited by guarantee of £1 per member wilhoul share capita1.

Primrose Hill Community Association
Company Limited by Guarantèe
Notes to the Flnanclal Statements (conllnued)
Year ended 31 March 2025
Donatlons, legacles and grants
Unvèstricted Restricted Total Funds
Funds
Funds
2025
Donatlons
Donations
Gift Aid Tax Recoverable
8,500
22,015
21,766
30,266
22,015
Grants
LB of Camden
Groundwork
LB of Camden - Deferred grant
LB of Camden - Deferred grant re Lease
41.923
41,923
5,642
11,231
5.000
5.642
11,231
5,000
36.157
79.920
116.077
Unleslricled
Funds
Reslricled Total Funds
Funds
2024
Donations
Donations
Gift Aid Tax Recoverable
25,709
4,153
10,730
36,439
4,153
Grants
LB ofcamden
Groundwork
LB of Camden - D8ferred grant
LB of Camden - D8ferred grant re Lease
93,185
93,185
550
11,232
11,232
30,412
115,147
145,559
Investmènt Incoma
Unrestrtcted Rèstricted Total Funds
Funds
Funds
2025
Incoma from Ilsled investments
Bank interest recelvable
17,658
7,893
25,551
17.658
1B.486
10,593
10,593
36.144
Unrestricted
Funds
Reslricled Total Funds
Funds
2024
Income from Ilsled Investments
Bank interest receivable
7.402
7,479
14.881
7,402
12,659
5,180
5,180
20,061
12

Primrose Hill Community Association
Company Limited by Guarantee
Notes to the Financial Statements (contlnutrd)
Year ended 31 March 2025
Other incomè
Llnrèstricted Restricted Total Funds
Fund$
Funds
2025
Other income
Library project
Bar income
Lelling income
Other miscellaneous income
Events income
15,012
20,423
19.491
35.435
19,491
8.621
117.325
7.734
12,875
201.481
B,621
95,208
7,734
12,755
139,330
22,117
120
62,151
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Other income
Library project
8ar income
Letting income
Other miscellaneous ￿n￿me
Events 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
Co$1$ of raising donations and lègacies
Unrestrlcted Restricted Tolal Funds
Funds
Funds
2025
Costs of generatlng Income- Other activities
10,603
6,005
16.608
Unrestricted
Funds
Restricted Total Funds
Funds
2024
Costs of generating income Other aclivitles
18,402
18,402
Expendlture on charltab19 actlvltlos by fund typ8
Unre$lrlcted Restrlcted Total Funds
Funds
Funds
2025
Support costs
142.027
136,524
278,551
Unrestricled
Funds
Restricted Total Funds
Funds
2024
Support costs
153.027
126,034
279,061
13

Primrose Hill Community Association
Company Llmited by Guarantee
Notes to the Financlal Statements (¢ontlnu8d)
Year ended 31 March 2025
10. Expèndituré on charitable actlvltles by activity type
Support Total funds
Costs
2025
Total fund
2024
Core Acllvilles
Direct project costs
Library projects
Govornance costs
131,701
18,627
111,496
16,727
131,701
18,627
111,496
16,727
133,177
19,436
113.277
13,171
279.061
278,551
278,551
11. Net income
Nel income is slated after chargingl{¢reditingl'.
2025
2024
Depreoiallon of tangible fixèd assets
23,539
24,061
12. Stsff co$ts
The total stsff costs and employea ￿nefits for th8 reporting peTiod 8nalysed as follows..
2025
2024
Wages and salaries
Social security costs
Employer contributions to pension plans
115,686
5,341
2,355
117,421
10,032
2,472
123,382
129,925
The average head count of employees during the year was 512024.. 51. The average number of
full-time equivalent employees during the year is analysed as follows..
2025
2024
Adminislralion
Management
No ornployee received employee benefits of more than £60,000 during the year {2024= Nil).
13. Trustoo remunaratlon and expensos
SORP 201 S requires the following slalemenl lo be made... no remuneration or other benefits from
employment with the charity or a related entity were received by the trustees.,
14

Primrose Hill Community Association
Company Limlted by Guarantee
Notes to the Financial Statements (¢OnlAnued)
Year ended 31 March 2025
14. Tanglbl• fixed assets
Land and
buildings Equipment
Total
Cost
Al 1 April 2024
Additions
416,791
14.325
704
431.116
704
At 31 March 2025
416,791
15,029
431.820
Depre¢latlon
At 1 April 2024
Charge for th8 ygar
At 31 March 2025
113,685
23,021
11,153
518
124,838
23.539
136,706
11,671
148.377
Carrylng amount
At 31 March 2025
280,085
3,358
3,172
283.443
Al 31 March 2024
303,1Q6
306,278
15. Debtors
2025
2024
Dobtors
Olhor debtors
15,645
1,051
5,202
10,919
16,696
16.121
16. Invostm&nts
2025
2024
PHCL- Quoted Investment portfolio
507.835
346,357
17. Creditors.. amounts falling due withln one year
2025
2024
Creditors
Provisions for utililles
Deferred income
PHCA Barclaycard Commercial
Accruals
10,457
18,500
78,613
4,015
5.310
6,538
15,500
89.844
3.701
5.220
116.895
120,803
15

Primrose Hill Community Association
Company Limited by Guarantee
Notes to the Flnanclal Statements (contlnue
Year ended 31 March 2025
18. Dalarr8d income
2025
2024
At 1 April 2024
Amount releasad to income
89,844
{11,2311
78.613
134,261
144,4171
89,844
At 31 March 2025
19. Pensions and othèr post retirement beneflts
Deflnèd contrlbution plans
The amount recognised in income or expendilure as an expense in relation to defined contribution
plans was £2.35512024'. £2.4721.
20. An8lysls of charitablè funds
Unrèstricted funds
AtIApr
2024
Gains and At 31 Mar
10sSèS
2025
Income Expenditure
Transfers
General funds
494,563
186,080
{152,630)
528,013
At1Apr
2023
Gains and Al 31 Mar
losses
2024
Income Ex￿ndItUre
TTansf8rs
General funds
474,788
172,802
{153,0271
494,563
Restrlcted funds
At1Apr
2024
Galns and At 31 Mar
losses
2025
Incorn8 Expendlture
Transfers
Restricted Fund
Revalualion
reserve
858,782
167,622
1142,5291
883,875
{6,7721
{6,772)
16,772}
877,103
858.782
167,622
(142,5291
Al
1 Apr 2023
Gains and Al 31 Mer
losses
2024
Income Expenditure
Transfers
Restricted Fund
Revaluation
reserve
773.735
203,142 {144,4361
17011
831,740
14,991
701
11,350
27,042
788,726
203,142
1144,4361
11,350
8,782
16

Primrose Hill Community Association
Company Limited by Guarantee
Management Informatlon
Year ended 31 March 2025
APPENDIX I
Tha following pagès do not fomi part of the financlal statements.
17

Primrose Hill Community Association
Company Limited by Guarantee
Detailed Statement of Financial Activities
Year ended 31 March 2025
2025
2024
Income and endowments
Donations, legacies and grants
Donations
Gift Aid Tax Recoverable
LB of Camden
Groundwork
LB of Camden- Defer￿d grant
LB of Camden - Deferred grant re Lease
30,266
22,015
41,923
5,642
11,231
5,000
36.439
4.153
93.185
550
11,232
116.077
145,559
Investment income
Income from listed investments
Bank interest receivable
17,658
18,486
36,144
7,402
12,659
20.061
Other Incomg
Other activities
Library proje¢l
Bar income
Letting Income
Olher miscellaneous Income
Events In¢omo
35,435
19.491
8.621
117.325
7.734
12,875
40,198
23.751
8.942
121,137
6,748
9.548
201.481
210,324
Total Income
353,702
375,944
18

Primrose Hill Community Association
Company Limited by Guarantee
Detailed Ststement of Financial AGtivities (con11n￿￿)
Year ended 31 March 2025
2025
2024
Expendlture
Costs of ralslng donatlons and legacle$
Activity costs
16,608
18.402
Expanditure on charitable activities
Wages and salaries
Employerfs NIC
Pension costs
Rent
Rates and water
Light and heal
Repairs and maintenance
Insuran
Other eslablishmenl- Cleaning and sundry
Advartising and marketing
Legal 8nd professional fees
Telephone
Other offKe costs
Amortisalion
Depre¢iation
Direct proje¢t costs
Bank charges
Investment fees
115,686
5,341
2,355
1,762
6,975
10,968
11,440
3.322
34,076
1.449
14.742
2.178
8.560
11,231
12,307
34.121
1.894
144
117,421
10,032
2,472
1,054
7,085
12,469
13,345
3,04g
29,040
856
11,285
2.218
8,095
11,232
12,829
34,670
1,799
120
278,551
279,061
Totsl axpanditure
295,159
297,463
Net income
58,543
78,481
19

Primrose Hill Community Association
Company Limited by Guarantee
Notes to the Detailed Statement of Financial A¢tlvities (Gontlnuèd)
Year ended 31 March 2025
2025
2024
Costs of raising donatlons and l•g8¢le$
Activity costs
Expendlture on charltable actlvltles
16,608
18,402
Core actlvlties
Wageslsalaiies
Employer's NIC
Pension costs
Car park costs
Rates & water
Light & htsal
Repairs & maintenance
Insurancè
Cleanlng & sundry
Advertisino and markelSng
Telephone
Office costs
Depre¢ialion
Bank charges
75.506
3.442
1.635
1,762
4,641
3,000
5,398
2,218
14,052
1,449
1,299
3,389
12,307
1,603
131.701
75,158
6,826
1,562
1,054
4,762
3,000
8,089
1,802
12,870
856
1,193
2,357
12.254
1.384
133,177
Direct project costs
18.627
19,436
Llbrary projects
PHCL: Wages and salaries
PHCL: Employei's NIC
PHCL.- Pension costs
PHCL= Rates
PHCL: Light & Heal
PHCL: R8pAirs & m2intenance
PHCL". Insurance
PHCL-. Cleaning & sundry
PHCL.. Telephone
PHCL.. Library project office costs
PHCL.. Amortisation
PHCL.. Depreci81ion
PHCL.. Library project
PHCL.. Bank charges
PHCL.. Stockbrokers fees
40,180
1,899
720
2.334
7.968
6,042
1,104
20,024
879
5,171
11,231
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
13,509
291
144
111,496
113,277
20

Primrose Hill Community Association
Company Limited by Guarantee
Notes to the Detailed Statement of Financial Activities {¢ontlnuedJ
Yaar ended 31 March 2025
2025
2024
Governance costs
Accountancy fa8S
Govèmance costs - bookkeeping, legal and professlonal fees
Licenses & pgrrnits
5,400
9,342
1,985
5,220
6,065
1,886
16.727
13,171
Expgndlturo on charltablg a￿[vItIeS
278,551
279.061
21

Primrose Hill Community Association
Company L¥mited by Guarantee
Independent Examiner's Report to the Trustees of Primrose Hill Community
Association
Year ended 31 March 2025
report lo the trustees on my examination of the financial statements of Primrose Hill Community
Association I'the charity'l for the year ended 31 March 2025.
Résponsibilitles and basis of report
As the Iruslees of the cornpany (and also rfts 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 Act 20061'lhe 2006 Acl'l.
Having satisfied 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 Ca￿led out under section 145 of the Charities Act 2011 I'the 2011 Act'l. In
carrying out my examination I have followed the Directions gDJen by the Charity Commission under
section 14515llbl of the 2011 Act.
Independent examinerfs statement
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed
in section 145 of the 2011 Act. I confim that l sm qualified lo undertake the examination because l am
a rnember of the Institute of Chartered Accountants in England and Wales IICAEW), which is one of the
listed bodies.
I have completed my examination. I confimi that no matters have come lo my attention in connection
wrth the examination giving me ¢ause lo believe".
accounting records were not kept in respect of the charity as required by section 386'of the
2006 Act,. or
the finan¢ial statements do not a¢¢ord with those records- or
the financial statements do not comply wi(h the accounting requirements of section 396 of the
2006 Act other than any requirement that the accounts give a 'true and fairf view which is not
a maller considered as part of an independent examination,. or
the fin8ncial statements have not been prepared in accord8nce with the methods and
principles of the Statement of Recommended Practice foi accounting and reporting by
charities applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021.
I have no concerns and have come across no other rnatters in connection w(th 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 Ex¥miner
5 Violet Hill
Sl. John's Wood
London
NW8 9EB