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|---|---|---|---|
|Chairman's
Report||||
|Report ofthe Trustees||2 to|10|
|Report ofthe Independent|Auditors|11 to|13|
|Statement ofFinancial Activities||14||
|Statement ofFinancial Position||15 to|16|
|Statement ofCash Flows||||
|Notes to the Statement of|Cash Flows|IS||
|Notes to the Financial Statements||19 to|33|
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||||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|Total|
||||||funds|funds|funds|funds|
|||||Notes|||||
|INCOME|AND ENDOWMENTS FROM||||||||
|Donations|and legacies|||2|41,766|5,000|46,766|53,059|
|Charitable|activities||||||||
|Income from Charitable|||Activities||389,543|174,110|563,653|584,833|
|Investment|income||||496||496|139|
|Other income||||||||8,386|
|Total|||||431,805|179,110|610)915|646,417|
|EXPENDITURE ON|||||||||
|Charitable|activities||||||||
|Operation|ofCommunity||and Arts Centres||457,010|108,889|565,899|605,436|
|NET INCOME/(EXPENDITURE)|||||(25,205)|70)221|45,016|40,981|
|RECONCILIATION||OF FUNDS|||||||
|Total funds|brought
forward||||248&318|2,981,173|3,229,491|3,188,510|
|TOTAL FUNDS CARRIED FORWARD|||||223,113|3,051,394|3,274,507|3,229,491|
##
||HOLBORN C|OMMUNITY ASSOCIATION|||
|---|---|---|---|---|
||STATEMENT|OF FINANCIAL POSITION|||
||31MARCH 2023||||
||||31.3.23|31.3.22|
|||Notes|||
|FIXEDASSETS|||||
|Tangible assets||12|3,751,369|3,559,085|
|CURRENT ASSETS|||||
|Debtors||13|26,601|23,458|
|Cash at bank|||122,707|230,052|
||||149,308|253,510|
|CREDITORS|||||
|Amounts
falling due within|one year|14|(171,S07)|(108,782)|
|NET CURRENT ASSETS|||(22,499)|144,728|
|TOTAL ASSETSLESSCURRENT|||||
|LIABILITIES|||3,728,870|3,703,813|
|CREDITORS|||||
|Amounts
falling due after more than one|||||
|year||15|(454,363)|(474,322)|
|NET ASSETS|||3,274,507|3,229,491|
|FUNDS||18|||
|Unrestricted
funds:|||||
|General
fund|||223,113|248,318|
|Restricted funds:|||||
|Restricted|||1,000|27,303|
|Restricted Fixed Asset Funds|||3,050,394|2,953,870|
||||3,051,394|2,981,173|
|TOTAL FUNDS|||3,274,507|3,229,491|
##
##
|||HOLBORN COMMUNITY ASSOCIATION|HOLBORN COMMUNITY ASSOCIATION|HOLBORN COMMUNITY ASSOCIATION||
|---|---|---|---|---|---|
||||STATEMENT OF CASH FLOWS|||
|||FOR|THE YEAR ENDED 31MARCH 2023|||
|||||31.3.23|31.3.22|
||||Notes|K||
|Cash flows from operating||activities||||
|Cash generated
from operations||||95,397|352,942|
|Net cash provided
by operating
activities||||95,397|352,942|
|Cash flows from investing||activities||||
|Purchase oftangible fixed|assets|||(203,238)|(467,817)|
|Interest received||||496|139|
|Net cash used in investing|activities|||(202,742)|(467,678)|
|Change
in cash and cash|equivalents|||||
|in the reporting
period||||(107,345)|(114,736)|
|Cash and cash equivalents||at the||||
|beginning
ofthe reporting||period||230,052|344,788|
|Cash and cash equivalents||at tbe|end|||
|ofthe reporting
period||||122,707|230,052|
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||||||31.3.23|31.3.22|
|---|---|---|---|---|---|---|
||||||f||
|Net income|for the|reporting||period (as per the Statement of|||
|Financial Activities)|||||45,016|40,981|
|Adjustments|for:||||||
|Depreciation|charges||||10,954|10,954|
|Interest received|||||(496)|(139)|
|Increase in debtors|||||(3,143)|(4,648)|
|Increase in creditors|||||43,066|305,794|
|Net cash provided||by operations|||95,397|352,942|
|ANALYSIS|OF CHANGES IN NET DEBT||||||
|||||At I/4/22|Cash flow|At 31/3/23|
|||||||f|
|Net cash|||||||
|Cash at bank||||230,052|(107,345)|122,707|
|||||230,052|(107,345)|122,707|
|Debt|||||||
|Debts fafling|due within||I year|(50,000)|4,256|(45,744)|
|Debts falling|due after I||year|(474,322)|19,959|(454,363)|
|||||(524,322)|24,215|(500,107)|
|Total||||(294,270)|(83,130)|(377,400)|
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|||||||3L3.23|31.3.22|
|---|---|---|---|---|---|---|---|
||Donations|||||46,111|49,112|
||GiA aid|||||655|3,947|
|||||||46,766|53,059|
|3,|INVESTMENT INCOME|||||||
|||||||3L3.23|31.3.22|
||Deposit account interest|||||496|139|
||INCOME FROM CHARITABLE|||ACTIVITIES||||
|||||Unrestricted|Restricted|Total Funds|Total Funds|
|||||Funds|Funds|3L3.23|3L3.22|
||||||f|f||
||London Borough of|Camden||675|225,779|226,454|152,079|
||GLA: Good Growth|Fund|||||69,998|
||Grants from trusts and foundations|||||||
||(SeeNote 16)|||67,165|48,331|115,496|212,437|
||Users' Contributions|and fees||||||
||-Classes and activities|||89,181||89,181|74,972|
||- Events and Fairs|||||||
||- Personal budgets (facilitated||by|||||
||London|||||||
||Borough ofCamden)|||43,360||43,360|44,395|
||Hire offacilities|||89,162||89,162|30,952|
|||||289,543|274,110|563,653|584,832|
##
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|OTHER INCOME|||||||
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
||||||f||
|Job Retention
Scheme Support||||||8,386|
|ANALYSIS OF EXPENDITURE ON||CHARITABLE ACTIVITIES|||||
||Main|Play
f|Arts
f|Care|Total
2023f|Total
2022f|
|Promotion
and Publicity||||||208|
|Class and Activity costs|2,537|120|6,457|9,264|18,378|21,959|
|Staffing (Employees)|41,834|11,144|84,542|103,421|240,942|285,578|
|Staffing (Miscellaneous)|4,574|2,660|34,950|8,756|50,941|43,191|
|Premises|||691|4,828|5,519|9,130|
|Direct Administration|110||3,590|2,570|6,270|6,114|
|Fixtures and Equipment||73|-|12|85|4,058|
||49,056|13,997|130,231|128,851|322,134|370,237|
|Support Costs (Note 8)|59,809|59,809|59,809|59,809|239,236|231,446|
|Governance
Costs|1,132|1,132|1,132|1,132|4,528|3,753|
||109,997|74,938|191,172|189,792|565,898|605,436|
##
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|ANALY|SIS OF SUP|PORT AND GOVERNANCE
COST|S||
|---|---|---|---|---|
||||31.3.23|31.3.22|
|Support|Costs||||
|Promotion
and publicity||||918|
|Activity|Costs||||
|Staffing|(Employees)||158,647|166,120|
|Staffing|(Miscellaneous)||3,489|2,527|
|Premises|||61,653|43,107|
|Direct Administration||Costs|13,322|11,546|
|Fixtures|and Equipment||2,126|7,228|
||||239,236|231,446|
||||31.3.23|31.3.22|
|Governance
Costs:|||||
|Annual|Review/ AGM||128|153|
|Auditors|Remuneration||4,400|3,100|
|Auditors|Remuneration|-Non Audit Services||500|
||||4,528|3,753|
##
|||31.3.23|31.3.22|
|---|---|---|---|
|Auditors'|remuneration|4,400|3,600|
|Depreciation - owned assets||10,954|10,954|
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|STAF|F COSTS|||
|---|---|---|---|
|||31.3.23|31.3.22|
|||f||
|Wages|and salaries|364,332|403,078|
|Social|security costs|28,169|25,759|
|Other|pension costs|7,086|22,860|
|||399,587|451,697|
||||31.3.2023|313.2022|
|---|---|---|---|---|
|Self-employed|tutors||42,040|40,948|
|Miscellaneous|associated|costs|12,389|4,769|
||||54,429|45&717|
##
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##
|Volunteers
and Placements|in the year||||
|---|---|---|---|---|
||||31.3.23|31.3.22|
|Number ofvolunteers|||66|64|
|Placements:
College Students|and Work Experience||16||
|COMPARATIVES FOR THE STATEMENT OF||FINANCIAL ACTIVITIES 31.3.2022|||
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||45,158|7,901|53,059|
|Charitable
activities|||||
|Income from Charitable
Activities||206,228|378,605|584,833|
|Investment
income||139||139|
|Other income||5,629|2,757|8,386|
|Total||257,154|389,263|646,417|
|EXPENDITURE ON|||||
|Charitable
activities|||||
|Operation ofCommunity
and|Arts||||
|Centres||432,543|172,893|605,436|
|NET INCOME/(EXPENDITURE)||(175,389)|216,370|40,981|
|Transfers
between
funds||58,584|(58,584)||
|Net movement
in funds||(116,805)|157,786|40,981|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward||365,123|2,823,387|3,188,510|
|TOTAL FUNDS CARRIED|||||
|FORWARD||248,318|2,981,173|3,229,491|
##
##
##
|12.|TANGIBLE|FIXEDASSETS|||||
|---|---|---|---|---|---|---|
||||Leasehold|Ongoing|||
||||Land and|Redevelopment|Computer||
||||Buildings|Costs|equipment|Totals|
||COST||||||
||At 1 April 2022||517,010|3,138,870|5,746|3,661,626|
||Additions|||203,238||203,238|
||At 31 March|2023|517,010|3,342,108|5,746|3,864,864|
||DEPRECIATION||||||
||At 1 April 2022||9S,704||3)837|102,541|
||Charge for year||10,000||954|10,954|
||At 31 March|2023|108,704||4,791|113,495|
||NET BOOK|VALUE|||||
||At 31 March|2023|408,306|3,342,108|955|3,751,369|
||At 31 March|2022|418,306|3,138,870|1,909|3,559,085|
|13.|DEBTORS:|AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
||||||31.3.23|31.3.22|
||Trade debtors||||19,409|18,633|
||Prepayments|and accrued income|||7,192|4,825|
||||||26,601|23,458|
##
##
||FORTHE YEAR ENDED 31MARCH 202|FORTHE YEAR ENDED 31MARCH 202|3||
|---|---|---|---|---|
|14.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||||
||||31.3.23|31.3.22|
||||f||
||Bank loans and overdrafls|(see note 161|45,744|50,000|
||Trade creditors||6,331|5,043|
||Other creditors||111,901|46,287|
||Accrued expenses||7,831|7,452|
||||171,807|108,782|
|15.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN||ONE YEAR||
||||31.3.23|31.3.22|
||Bank loans (see note 16)||454,363|474,322|
|16.|LOANS||||
||An analysis ofthe maturity|ofloans is given below:|||
||||31.3.23|31.3.22|
||||f|f|
||Amounts
falling due within|one year on demand:|||
||Bank loans||45,744|50,000|
||Amounts
falling due between two and five years:||||
||Bank loans - 2-5 years||454,363|474,322|
##
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##
|MOVEMEN|T IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At I/4/22|in funds|funds|31/3/23|
|Unrestricted|funds|||||
|General fund||248&318|(25,205)||223,113|
|Restricted funds||||||
|Restricted||27,303|166,734|(193,037)|1,000|
|Restricted Fixed Asset Funds||2,953,870|(96,513)|193,037|3,050,394|
|||2,981,173|70,221||3,051&394|
|TOTAL FUNDS||3,229,491|45,016||3,274,507|
|Net movement|in funds, included|in the above are as fogows:||||
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|Unrestricted|funds|||||
|General fund|||431,805|(457,010)|(25,205)|
|Restricted funds||||||
|Restricted|||179,110|(12,376)|166&734|
|Restricted Fixed Asset Funds||||(96,513)|(96,513)|
||||179,110|(108,889)|70421|
|TOTAL FUNDS|||610,915|(565,899)|45,016|
##
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##
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At I/4/21|in funds|funds|31/3/22|
|Unrestricted|funds|||||
|General
fund||365,123|(175,389)|58,584|248,318|
|Restricted funds||||||
|Restricted||90,843|62,697|(126,237)|27,303|
|Restricted Fixed Asset Funds||2,732,544|153,673|67,653|2,953,870|
|||2,823,387|216,370|(58,584)|2,981,173|
|TOTAL FUNDS||3,188,510|40,981||3,229,491|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||257,154|(432,543)|(175,389)|
|Restricted funds|||||
|Restricted||235,590|(172,893)|62,697|
|Restricted Fixed Asset Funds||153,673||153,673|
|||389,263|(172,893)|216,370|
|TOTAL FUNDS||646,417|(605,436)|40,981|
##
##
|||1st Apr 2|Income|Expended|st Mar 23|
|---|---|---|---|---|---|
|Unrestricted
funds||||||
|Donations
and Grants||248,318|431,805|(457,010)|223,112|
|||248,318|431,805|(457,010)|223,113|
|Restricted Fixed Assets Funds||||||
|(a) LBCamden s106funding|||95,000||95,000|
|(b) Greater London Authority||||||
|(c) Bedford House Redevelopment||2,953,870|1,524||2,955,394|
|||2,953,870|96,524||3,050,394|
|Restricted - Revenue funds||||||
|(e) Core||2,267||(2,267)||
|(d) Volunteering
&Outreach|project|1,000|||1,000|
|(f)Gymnasium||||||
|(g) Under- fives &Play Schemes||9,654|26,319|(35,973)||
|(h) Older People's projects||3,927||(3,927)||
|(i) Arts &Media projects||10,455|56,267|(66,722)||
|(j) LBCamden Strategic Partnership|||100,000|(100,000)||
|||27403|182,586|(208,889)|1,000|
|Total Restricted Funds||2,981,173|279,110|(208,889)|3,051494|
|TOTAL FUNDS - 31stMarch 23||3,229,491|710,915|(665,899)|3,274,507|
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||||||||Total|
|---|---|---|---|---|---|---|---|
|Grants from trusts||and foundations||Unrestricted|Restricted|Total Funds|Funds|
|||||Funds|Funds|3L3.23|31.3.22|
|||||E|8|8||
|3 Verulam
Buildings||Trust||35,000||35,000|20,000|
|Ageing Better Camden|||||||7,500|
|Bloomsbury
Festival||Office||1,000||1,000||
|City Bridge Trust|||||1,524|1,524|25,830|
|Dragon Hall Trust||||2,000||2,000||
|Groundwork
VK|||||1,037|1,037|3,845|
|Garfield Weston||||5,000||5,000||
|Herman
Miller||||10,000||10,000||
|lronmongers|||||6,120|6,120||
|John Lyon's Charity|||||||12,500|
|London Marathon|Charitable||Trust|895|5,400|6,295|54,000|
|Masonic Charitable||Foundation|||||26,204|
|Misceganeous||||4,704||4,704|25,113|
|London Community||Foundation|||5,920|5,920||
|Quinn CSRGrant||||2,185||2,185||
|Semble Network|||||1,560|1,560||
|St Andrew
Holborn||Charity||4,481|12,719|17,200|20,000|
|William
Shelton Educational|||Charity|1,000|7,500|8,500|17,445|
|Young Camden Foundation||||900|6,551|7,451||
|||||67,165|48,331|115,496|212,437|