2024-03-31-accounts

Dc¢uslgn ErweloFe ID: 88482272-833C4BOO-8DCB-OFSAFODD2A5E REGISTERED COMPAI¥4Y NUMBER: 02344228 (England and Wales) REGISTERED CHARITY NUMBER: 801064 REPORT OF THE TRUSTEES AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 FOR HOLBORN COMMUNITY ASSOCIATION {A COMPANY LIMITED BY GUARANTEE) Prestons & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY

Docuslgn EnveloF¢ ID.. B8482272433C4B0I>BDc￿F5AF0DD2ASE HOLBORN COMMUNITY ASSOCIATION CONTENTS OF THE ￿NANCIAL STATEMENTS FOR THE YKAR ENDED 31 MARCH 2024 Page ChafirniAn'J Report Report of the Trustees 2 to 9 Report of the Independent Auditorj 10 to 12 Statement of Financlal Activltfies 13 Statement of Financial Posltfion 14 to 15 Statement of Cash Flows 16 Notes to tbe Statement of CAsb Flows 17 Notes to tbe Financlal Statements 18 to 32

Docusign Envelope ID.. B8482272_833C4BOLkBDCB-OF5AFODD2ASE HOLBORN COMMUNITY ASSOCIATION CHAIRW'S REPORT FOR THE YEAR ENDED 31 MARCH 2024 rm very pleased to present the work, the efforL the fun, the impact presented within this year's Annual Report. This year is the first in a three year business plan for HCA - the organisation has been through a lot and faces significant financial ¢halleng¢s going forward. This year shows how successful HCA have been in responding to those challenges, building strong foundations from which we can stabili5e and grow over the next two years and beyond. We have key milestones in the year 2024-2025 - restructuring across the organisation and preparing business cases for 2026 and beyond. Th¢sc ar¢ big picccs of work for an organisation of our size to undertake whilst maintaining delivery of our programmes and lifetime offer of support for the community. We recognise the value of thinking ahead and will bring the focus and attention of the Board to delivering on these milestones to help the wider staff team focus on their day to day. That day to day work is immensely valuable - Ihe key thing that team have done though is build those foundations without compromising on the quality or content of the work. The impact the organisation delivers for the community hasn* diminished and we see huge opportunities to have even greater impact going forward, Page I

Docuslgn Envelope ID.. B8482272-833C4BOLLBDCB4JF5AFODD2ASE HOLBORN COTrIMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, presenl their report with the financial statetnents of thc charity for the year ended 31 March 2024. The truste¢5 have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to Charities Preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). Page 2

Do¢usign Envelope ID.. B8482272-833C48thNBDCB41FSAFODD2ASE HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 OBJECTIVES AND ACTIVITIES Objeelives and alms o To promot¢ the benefit of those persons who live in the historical Holborn Ward of the London Borough of Camden and its n¢ighbourhood. o To advance education and to provide facilities in the interests of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for these inhabitants. o To engage the local authority, other voluntary organisations and the ithbitants of the area in a common effort to these ends. o To maintain and manage and to Co-operate with any local statutory authority in the maintenance and management of our community and arts centres for activities promoted by the Association. Our vision aDd missfioD Our vision is for a thrivin& vibrant and inclusive local community in Holborn. That community will have opportunities to lead healthy lives, an environment that nurtures residents and a bridge for thos¢ who need to achi¢v¢ their &spiralions. Our mission is to bring people together and improve the health and well-being of our community through arts, care, movement and play. We supporl people aeross our eommunity through five Strands of work: Arts". working with all ages and across a range of disciplines we use the power of art and Creating art to empower people, help them express themselves and build their overall well-being. Our prO￿aMmeS include Arts for Well-bein& Arts Outreach and Arts for Young P¢opl¢ Car¢.. HCA provides care in the forni of day centre provision for older adults, particularly those with dementii as well as outreach schemes, a befriending sch¢m¢ and physical activity programmes for more clinically vulnerable older people Movement: a range of sports and physical activity programmes for children, young people, and older people focus on participation in activity, improvements to mental and physical well being as well as reducing isolation through group activity Play: we work with Under 5s and their families to offer regular opportunities and space for children to develop social and motor skills in a fun ¢nvironm¢nt. Our Play strand also includes holiday activities. trips and play schemes for children and families across the local community. Operations: underptnning all of the work above is work across the organisation to engage the community and enable their safe participation through a focus on facilities, marketing, online systems and impact measurement Our facilities Holbom House Community Centre (forn]erly known as Bedford House). Our centre reopened in September 2021 with a programme including under 5s activities, movement activities for children and adults and hosting a range of different arts aclivitie5. Page 3

Do(#J8lgn EnveloFe ID: 88482272-833c4BoC￿BDC￿Fs￿FoDO2ASE HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Millman Street Community Centre, where we mostly conduct OUT older peoples, services plus intergenerational work and have internet and email access for users. la Arts Centre - where w¢ run pollcry classes for ages, digilal media and film for young people and hold or organise basic skills and calch-up booster classes. Pllblie benefit The Trustees confirnied that they have complied with the duty in section 4 of the Charities Acl 2011 to have due regard to public benefit guidance published by the Commission in detemining the activities undertaken by the Charity. Page 4

Docuslgn Envelope ID.. B8482272433C4BOO-BDCB4)F5AFODD2A5E HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Achievement and performance Charitable activities HCA provides a lifetime offer of support to people from acros5 the community. We support nearly 2000 individuals regularly each year with people attending our activities 35,000 times in 2023-2024. Our programme brings people together in welcoming inclusive spaces where people feel ready and able to learn. As well as increasing individual skills and well bein& the programmes help people to help themselves, and help each other - ultimately building a stronger community of place. Those programmes are delivered acTOSS four work strands, which we detailed below highlighting projects, events and impact from throughout the year, Arts Rooted in a 'creative health, approach, our arts program focuses on the pro¢¢ss, the taking part, &$ a way to improve well-being through arts projects that promote inclusion, connection and creativity across the following strands of work: Arts for Children and YouDg People Youth Arts. Digital Arts Club, Summer University programmes. art groups for those with social ommunication difficulties and outreach work through STEAM Clubs on local eslates Arts for Wellbeing - Adults and older people Sunday Socials. Carers Art Group and arts and crafts sessions delivered by adult learning providers Arts PartDerships - Donmar Warehouse Residency for young people The Bomb F&ctory where l 00 community artists worked towards a public-facing exhibition 'RouteslRoots' in Spring 2024 Care By creating a space for older adults to come together we reduce social isolation, improve wellbeing and emotional health and meet basic needs. All of this work ultimately helps older adults to be happi¢r. healthier and keep living independently in their own homes. Daily personal care - Outreach work - escorting attendees, supporting attendance at appointments Community Activities Programme Befriending - Lunch Club Movement Our Movement Programme has offered a range of low and no cost. accessible sessions supporting people of all ages, abilities and cultural backgrounds from our community to engage in physical activity, including - Gymnastics and Taekwondo class¢s for childr¢n and young people during terni time Classes for adults including Qi Gong, Tai Chi, Beginners, Yoga and a Crealive Dance project. Inclusive Dance, South Asian Dance, Seated Yoga, Pilates, StretchingJRelaxation classes and Aqua-fit for adults over 55 - Women Only afternoons offering Dance and Yoga classes A Summer holiday project with a focus on physical activity and healthy eating for children and young people entitled to benefit- related free school meals. Play Page 5

Docusign Erwelope ID.. B8482272-833c4B0￿BDC￿FSAFODo2ASE HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 Our Play programme gives children under 5 and their families the space to play improving physical literacy for children at a key early years stage and maintaining opportunity to be physically active. Crucially it allows parents and children a safe space to socialis¢. develop peerlemotional literacy and addr¢5s anxieties ahead of fonTAal education. Throughout the year we've programmed special events and celebrations to broaden the range of expeTiences for the children and families we work with and for: Parti¢s for Eid and Christmas Regular art-focused sessions on Tuesdays Sen50ry play sessions and support with individual speech and language development Finanei41 review Reserves policy The trustees aim to have a reserves policy maintaining 250/0 to 300/0 of expected annual revenue costs of the Assixiation, excluding restricted funds and any reserves held against known futur¢ liabilities. In the ¢urr¢nt economic climate, this is a hard target to meet. At thai level, they feel that. in the evenl of a Significant drop in fundin& the charity would hav¢ adequate resources available to continue delivering services for the foreseeable future. The trustses are of the view that HCA is a 80in8 concern. The reserves at the end of the period, which meet these criteriffj are £3,332,075 being of incurred costs for However, most of those reserv¢s are tied up in fixed assets and fixed-as5et funding and work-in-progress. We have £37,276 unrestri¢ted cash flow al our dlsposal. We are, therefore, seeking over the medium lerm to increase our liquid unrestricted reserves further, so that services could be wound down without necessarily selling th¢ B¢dford House lease. Income, Expenditure and Going Concern The financial review for the year is set out in the Statement of Financial Activities. The largest revenue funding source for the year was the London Borough of Camden although this income is now tnore diverse, partly coming from personal budgets, and ihrough a wider variety of grants than the core community centres fund (which is now less than 200/0 of our income) and the expenditure on various activities has supported the key objectives of the charity. During the period, HCA had an income of £683,187 (2023: £610,915) and expenditure of £625,619 (2023: £565,899) giving a sutplus of £57.568 (2023: £45,016). We carried forward reserves of £3.332,075 (2023.. £3,274,507) of which £250,680 (2023: £223,113) are unrestricted and £1,000 (2023.. £1,000) are restricted. Risk MaDagement The trustees hav¢ examined the business and operalional risks that the charity faces and Confim that systems have been established to enable regular reports lo be produced so that the necessary steps can be taken to lessen or mitigate these risks The trustees have consid¢r¢d the major risk are&g and would report the followlng: The risk of Lorjdon Borough of Camden further cutting part of the Association's core funding and or reducing payment for using our day-c￿¢ 3ervi¢es. The low risk of th¢ long-terni or sudden incapacity of executive staff. Th¢ trustees addr¢&8 the above issues as follows: We continue to diversify our funding and increase our own income g¢neration. The Director is backed up by a dedicated Managerial Team. Page 6

Do￿819n Envelope10.' B8482272-833C4B0￿BDcB4$FsAFODD2A5E HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRATEGIC REPORT Future plans The year 2022-2023 presented multiple challenges. Income from traditional sources and supporters (trusts, foundations and donors) is harder to secure and we saw in year a significant reduction in our su¢cess rate for applications. Statutory sources of support are in flux and offering little by way of support and investment social care budgets for instance are shrinking. At the same time costs have increased with increases to staff salaries and those tied to London Living Wage putting further pressure on budgets (yet. essential to retain staff, our most valuable Tesource). Utility, food and contractor costs are high. HCA is meeting those challenges but constrained by our lack of free cash reserves - meaning we have to aggressively manage expenditure and pursue income in new ways. We are doing that and rising to the challenge. Our earned income is stable and resilient with plenty of opportunity to expand lettings income and maximise the asset that is Holborn House. We've taken a smarter, more focused view on fundraising in 2024-2025 with increased success rate on grant fundraising and bett¢r, more fruitful relationships emerging a5 part of our focus on corporate fundraising. And, we've secured a commitment of 7 year5 core funding from LB Camden - a testament to their belief in what we do but also our business planning, resilience and opportunities for ￿oWth. Coupled to this we￿e got a form ￿1p on expenditure managing down utility. energy, and contractor costs to keep them at same value &$ previous years whilst sourcing supplies and 5UPPOrt for areas of operation like our lunch clubs which in turn reduce expenditure. The Board will focus on preparing the organisation to renew or refinance our long tern) loan in 2024-2025, mindful of the associated risks as well as the negativ¢ impact interest rate rises are having on the cash position of the charity. We are preparing our business case for renewal and are working with consultants from the Centre for Charity Excellence to ¢ondu¢t a business review so that we're placed to open discussions with lenders in 2025. Addressing that immediate Challenge will then place in a better p051tion to focus once again on building our reserve5 to the position we'd pr¢f¢r and ensure the Charity is well able to absorb and respond to any future Challenges. STRucfuRE, GOVERNANCE AND MANAGEMENr Governing document The charity is controlled by its governing document, a deed of trust, and constitutes a limited company. limited by guarantee, as defined by the Companies Act 2006. OrganisatlODal structure A Board of Trustees (Management Committee) governs the work of the Association as the decision making body according to its governing documents. It is made up of individual members, members &g representatives of affiliated groups and members nominated by user groups. It nornially meels 4 tirnes a year. All members are circulated with invitations to nominate trustees prior to the AGM advising them of retiring truslees and va¢ancics. The Board has the power to co-opt new members till the following AGM and May co-opt up lo 5 non-voting members holding special attTibut¢s or Skills. HCA currently employs 5 full tim¢, 19 part-time or sessional staff and 12 freelance tuloTS. The Director reports to the board, manages the day-104lay operations of the charity and plays a substantial role in the delivery of services. He is assisted by the members of the Leadership Team. Page 7

Do¢ustgn Enwh)pe ID.. 88482272433C4BO¢>BDC￿FSAFODo2ASE HOLBORN COMMUNITY ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Contribution of volunteers The Association draws upon a pool of volunteers without whom the level of work that we undertake would be 5ignifi¢antly reduced. This last year 66 volunteers supported us over the course of a year in a variety of tasks inter alia: delivering food parcels and shopping, administration, befriendin& class assistants, entertaining and perforniing, painting and decoratin& transporting and tutoring. Risk rnallagement The trustees have examined the business and operational risks that the charity faces and confimi that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen or mitigate these risks The trustees h&ve considered the major risk are&8 and would report the following.. The risk of London Borough of Camden further cutting part of the Association's core funding and or reducing payment for using our day-care services. The low risk of the long-tenn or sudden incapacity of executive staff. The trustees address the above issues as follows: We continue to diversify our funding and increase our own income generation. The Director is backed up by a dedicated Managerial Team. REFERENCE AND ADMINISTRATIVE DKTAIIS Reglstered Company oumber 02344228 (England and Wales) Registered Charity Dumber 801064 Registered office 35 Emrald Street London WCIN 3QW Trnstees Shona Coffer - Appointed &8 Chair Stephen Hargrave (Treasurer) Linda Henden Lauren Suding Jonathan Nash KC Marc Kennard - Resi￿ed 16th November 2023 Alyekka Stella Aber - Resigned 16th November 2023Shamin Kisakye - Appointed 16th Nov 23 Susan R Shickle - Appointed 16th Nov 23 Chfief Executive Officer Paul Crozier Auditorj Prestons & Jacksons Partnership LLP Statutory Auditors 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Page 8

Do¢uslgn Envelope ID: B8482272-833C4Bo￿BDcB-OF6AFODD1l6E HOLBORN commu￿ ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2024 REFERENCE AND ADMllYISTRATIVE DETAIts Website: https.11￿yW.h0IbOrncorn￿u￿ffity.c￿Uk1 ATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees (who are a150 the directors of Holborn Community Association for the purposes of company law) are responsible for preparing the Annual Report and the financial stalements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland" Company law requires the trustees to prepare financial statements for each financlal year which give a true and fair view of the state of affairs of the charitable company and of the incoming resou￿¢$ and application of resources, in¢luding the income and expenditure, of the cbaritsble company for that period. In preparing those financial statements, the trustees are required to selecl suitabl¢ awounling policies and then apply them consistently. observe the methods and principles in the Chariiy SORP. make judgements and estimftles that are re&8onable and prudent: state wheiher applicable accounting standards have been followed, subject to any material departures disclosed and explained in the fjnancial statements. prepare the financial slatements on the going concern basis unless il is inappropriat¢ lo presum¢ Ihat the charitable Company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with re￿onable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the a&8ets of the charitable company and hence for taking reasonable steps for the prevention and del￿tiOn of fraud and other irregularilies. STATEMENT AS TO DISCLOSURE OF llYFORMATION TO AIJDITORS So far as the trustees are aware, there is no relevant inforniation (as defined by Section 418 of the Companies Act 2006) of which the ¢haritable company's auditors ar¢ unaware, and each trustee has taken all the steps that they ought to have taken as a trustee in order to make them aware of any audit inforn)ation and to eslablish that the charitable company's auditors are aware of that inforniation. AUDITORS The auditors, Prestons & Jacksons Partnership LLP. will be proposed for re-appointment at the forthcoming Annual Genera] Meeting. Report of the trustee4 incorp company directors, on .....10 rati a strategic reporL approved by order of the board of trustees. as th¢ .?.014.......... and signed on the board'5 behalf by: Trustee 1 I)IYQLEo.: £IKrJ¥lCK Page 9

Dtwlgn Envelcpe ID: 88482272433c4BOr￿eOcwSAFODo2ASE REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HOLBORN COMMUNITY ASSOCJATJON Opinion We have audited the financial ￿atements of Holborn Community Asso¢iation (the 'charitable company,) for the year ended 31 March 2024 which wmprise the Statement of Financial Activities, the Ststement of Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary of signiftcant accounting policies. The financial r¢porting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounling Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard appIl￿b]e in the UK and Republic of Ireland,. In our opinion the financial statement5'. give a true and fair view of the state of th¢ charitsble company's affairs as at 31 March 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practi¢e, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland and have been prepared in xcordance with the requiremenls of the Companies Act 2006. Basis for oplnlon We conducted our audit in accordance with International Standards on Audiling (UK) OSAS (UK)) and appli¢&bl¢ law. Our responsibilities under those standards are further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We ar¢ independent of the haritable company in accordan¢¢ with the ethical requirements that are relevant to our audit of the financial statements in Ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethical responsibilitie5 in accordance with these requirements. We believe that the audit ¢VAdence we have obtsined is sufficient and appropriate to provide a basis for our opinion. ConelusloDJ relating to going eoneern In auditing the financial statements, we have concluded that the trustees, use of th¢ going concern basi5 of accounting in the preparation of the financial statements is appropriate. Based on the work w¢ hav¢ perfonned, we have not identified any material uncertainties relating to events or onditions thaL individually or ¢olltttively, may cast Sl￿1f1¢ant doubt on the charitable company's ability to continue as a going Concern for a period of at least twelv¢ months from when the financial stakments are authorised for issu¢. Our r¢sponsibilities and the responsibilities of the trustees with r¢5pect to going ¢0￿crn are described in the relevant sections of this report. Other Snforniatlon The trustees are responsible for the other infornwtion. The other infonnation Comprises the informalion included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon. Our opinion on the flnancial statements does not cover the other infonnation and, except to the extent otherwise explicitly stated in our reporL we do not express any fom of &8surance conclusion thereon. In connection with our audit of the financial statements. our Tesponsibility is to read the other infonnation and, in doing so, consider whether the other information is materially inconsi5tenl with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies OT apparent material misstatement& we are required to deterniine whether this gives rise to a material misstatement in the financial statements themselves. If. based on the work we have perfornied, we ¢onclude that there is a material mi&8tatement of this other inforn￿l10￿ we ar¢ required to report that fact. We have nothing to report in this regard. Page 10

Oocu8lgn Envelope 10.. B8482272-833C4BO(hBDCB-OF5AFODD2A5E REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HOLBORN COMMUNITY ASSOCIATION Matters on whieh we are required to report by exception We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: the infonnation given in thc Report of the Trustees is inconsistent in any material resp¢ct with the financial statements, or the charitsble company has not kept adequate a￿ountIng records; or the financial statements are not in agreement with the ac¢ounting records and returns. or we have not received all the inforniation and explanations we require for oui audit. The tru5tees' were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies, exemptions in preparing the trustees, report and from ih¢ requirement to prepare a strategic report. Responsibilitles of trustees As explained more fully in the Stalement of Trustees, Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as th¢ truste¢s detern)ine is necessary to enable the preparation of fInancial statemenls ihat are fr¢¢ from material misst&tem¢nt. whether due to fraud or error. In preparing the financial statem¢nt$, the trustees are responsible for assessing the charitable company's ability to continue as a going ¢oncern, disclosin& as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operation5, or have no realistic alternative but to do so. Our responsfibllltles for tbe audil of the financial stAtemeDts We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant reguEations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements &8 a whole are free from material misstatement, whether du¢ to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. R¢asonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAS (UK) will always d¢t¢¢t a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected lo influenrx the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: We obtained an understanding of the legal and regulatory framework applicable to the entity and how the entity is complying with that framework by discussing with management and checking compliance with regulators. A further d¢scription of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilitie5. This description fornis part of our Report of the Ind¢pendent Auditors. Page 11

Oocuswjn Envelope ID.. B8482272-833C4BQO-BDC&OF5AFODD2A5E REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF HOLBORN COMMUNITY ASSOCIATION Use of our report This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the Charities (A¢counts and Reports) Regulations 2008. Our audit work has been undertaken so thal we might state to the charitable company's trustees Ihose matters we ￿e required to state to them in an auditors, report and for no other purpose. To the fullest extent perniitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's trustees as a body. for our audit worK f his repor¢ or for the opinions we have fornied. Prestons & Jacksons Partnership LLP Statutory Auditors Eligible to act as an auditor in tems of Section 1212 of the Companies Act 2006 364 - 368 Cranbrook Road Ilford Essex IG2 6HY Page 12

Docusign ErNeloFe ID.. B8482272-833C4BOO-BDCWF5AFODD2A5E HOLBORN COMMUNTfY ASSOCIATION STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUIYT) FOR THE YEAR ENDED 31 MARCH 2024 31.3.24 Total funds 31.3.23 Totsl funds Unrestricted Restricted funds funds Notes INCOME AND EIYDOWMENTS FROM Donations and legacies 16,329 5,000 21,329 46,766 Charltable actlvllles Income from Charitable Activities 347,940 311,769 659,709 563,653 Investment income 2,149 2,149 496 Total 366,418 316,769 683,187 610,915 EXPENDITURE ON Cbarilable activitie8 Operation of Community and Arts Centres 438,851 186,768 625,619 565,899 NET INCOMEI(EXPEIYDITURE) Transfers betTrveen fuDd5 {72,433) loo,000 130,001 (100,000) 57,568 45,016 17 Net movement In fund8 27.567 30,001 57,568 45,016 RECONCILIATION OF FUNDS Total funds brought forward 223,113 3,051,394 3,274,507 3,229,491 TOTAL FUF4DS CARRIED FORWARD 250,680 3,081,395 3,332,075 3,274.507 The notes forni part of these financial statements Page 13

Docusign Envelope ID.. B8482272433C4Bo￿8DcB4IFSAFoDD2AsE HOLBORN COMMUNITY ASSOCIATION STATEMEiYf OF FINANCIAL POSITION 31 MARCH 2024 31.3.24 31.3.23 Notes FIXED ASSETS Tangible assets 11 3,771,414 3.751.369 CURRENT ASSETS Debtors Cash at bank 12 19297 180,326 26,601 122,707 199,623 149,308 CREDITORS Amounts falling due within one year 13 (202,383) (171,807) IYET CURRENT ASSETS (2,760) (22,499) TOTAL ASSETS LESS CURRENT LIABILITIES 3,768,654 3,728,870 CREDITORS Amounts falling due after more than one year 14 {436,579) (454,363) NET ASSETS 3 J32,075 3,274,507 FUNDS Unrestricted funds: General fund Restricted funds: Restricted Restricted Fixed Asset Funds 17 250,680 223,113 1,000 3,080,395 1,000 3.050,394 3,081 J95 3,051,394 TOTAL FUNDS 3J32,075 3,274.507 The charilable company is entitled to exemption from audil under Section 477 of the Companies Act 2006 for the year ended 31 March 2024. The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 r¢quiring an audit of these fInancial statements. The notes forn] part of these financial statements Page 14 continued...

D¢AxBlgn En￿￿Ope ID.. 88482272433C4BOO4DCMF5AFODD2A5E HOLBORN COMMUNITY ASSOCIATION STATEMENT OF FINANCIAL POSITION- eontinued 31 MARCH 2024 The trustees acknowledge their responsibiliti￿ for (a) e￿￿VrIng that the Charitable company keeps a¢¢ounting records that conwly with Sections 386 and 387 of the Companies Act 2£N)6 and (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each fman¢ial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the Tequirements of the Companies Act 21x16 relating to fll)an¢ial statements, so far as applicable to the charitable company. These financial statements have been audited under the requirements of Section 145 of the Charities Act 2011. cia ststements were approved by the Board of Trustees and authorised for issue on . and w¢re $i￿ed on its behalf by: Trustee The notes fonrA part of these fmancial statements Page IS

Do(thb) Envelope ID: B8482272433C480(kBDC&LFWODD2A5E HOLBORN COMhlUNITY ASSOCIATIOIY STATEMENT OF CIISH FLOWS FOR THE YEAR ENDED 31 MARCH 2024 31J.24 31.3.23 Noles Cash flows from operating #clfvfitles Cash generated from operations Interest paid 129.800 {43J30) 95,397 Net cash provided by op¢rating activities 86,470 95,397 Cajkn flojvs from IDvestlng ictfvltlej Purchase of tangible fixed assets Interest received (31,000) 2,149 (203,238) 496 Net cash used in investing activities (2&851) (202,742) Cbange In cAsb And cash ¢qulvalents fin tbe reportlng perlod Cgsb and c•sh equfvalethtj At the beglnnlDg of tbe reportlnE period 57th19 (107,345) 12L707 230,052 Casb and ¢a8h equfvalenlj At the end of tbe reportlng period 180J26 122,707 The notes forni part of these fmancial statsments Page 16

DocJJsb3n Envelopo ID: B8482272-833c4B0￿BDC￿FSAFODD1lSE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE STATEMENT OF CASH FLOWS FOR THE YEAR EI¥DED 31 MARCH 2024 RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES 31.3.24 31.3.23 Net income for the reporting period (as per the Statement of Financlal Aetlvfities) Adjustments for: Depreciation charges Interest received Interest paid Other D¢cTease/(increase) in debtors Increase in creditors 57,568 45,016 10,955 {2,149) 43J30 10.954 {496) 7J04 12,791 (3.143) 43,066 Net cash provlded by operatlons 129,800 95,397 ANALYSIS OF CHANGES IN NET DEBT At 114123 Cash flow At 3113124 Net casb Cash at bank 122,707 57,619 180,326 122,707 57,619 180?26 Debt Debts falling due within l year Debts falling due after l year (45,744) (454,363) 3,182 17,784 {42,562) (436,579) (500,107) 20,966 (479,141) Total (377,41)0) 78,585 {298,815) The notes forn] part of these financial statements Page 17

Do￿1$[gn Erwelope ID". B8482272-833C4BO￿BDG￿F5AF0DD2ASE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTJNG POLICIES Basis of preparlng the financial statements The financial statements of the charitable company, which is a public benefIt entity under FRS 102, have been prepared in accordance with the Charitics SORP {FRS 102) 'Ac¢ounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounls in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared undeT the historica] cost convention. Holborn Community Association (HCA) meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. Going Concern The Board Confirms they believe that HCA is in a position to carry on its charitable activities. HCA reasonably expects to secure sufficieni fundings and grants to operate for the next twelve month. With the completion of construction and opening of Bedford House, the board of trustees are expecting further income to be generated. As a result of this, the Board believes that HCA is operating as a going concern. It is for these reasons, the accounts have been prepared as a going concem. Income All income is recognised in the Statement of Financial Activities once the charity has entiilement to the funds, it is probable that the income will be received and the amount can be measured reliably. Income from government and other grants, whether 'capital' grants or 'revenue' grants is re¢ognised when the Charity has entitlement to the funds, any perforniance conditions attached to the grants hav¢ been mel, it is probable that the income will be re¢eiv¢d and the amount Can be measured reliably and is not d¢ferred. Income from charitable activities includes primary purpose trading, income earned both from the supply of goods or services under Contractual arrangements or grant agreements, which have condilions that specify the provision of particular goods or services to be provided and undertaken for the charitable purposes of the charity. Interest Receivable Int¢rest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity> this is nornially upon notifi¢ation of th¢ interest paid or payable by the bank. Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constNctive obligation Committing the charity to that expenditure, it is probabl¢ that a transfer of economic bcnefits will be required in s¢ttlement and the amounl of the obligation can be measured reliably. Expenditure is account¢d for on an accruals basis and h&8 been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they hav¢ been allocated to activities on a basis consistent with the use of resources. Page 18 continued...

Docuslgn Envelope 10.. B8482272-833C4Bo￿BDc￿FsAF0DD2A5E HOLBORN commuN￿y ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - Continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - continued Allocatlon of support costs Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back-office costs, finance, p¢rsonn¢l, payroll and governance costs which support HCA'S programmes and activities. The basis. on which support costs have been allocated are set out in note 8. Expendlture and irrecoverable VAT Costs of raising funds comprise the costs of other trading activities. in which the Association does not yet engage. Expenditure on charitable activities includes th¢ costs of providing service5 and activities for our beneficiaries and the local community to further the purposes of the charity and their &ssociated support costs. Irrecov¢rable VAT 15 charged as a cost against the activity for which the expenditur¢ was incurred. Tanglble flxed assets Depreciation is provided at the following annu￿ rates in order to write off ¢ach asset over its estimated useful life. Individual fixed assets costing £ 1,000 or more are ¢apitalised at cost and are depreciated over their estimated useful economic or project lives on a straight line basis as follows: - Leasehold of land and buildings - 20/0 . Equipment - 200/0 Taxation The charity is exempt from cory)oralion lax on its charitable activities. Fund Accountlng Unrestricted funds can b¢ used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the natwe and purpose of each fund is included in the notes to the financial statements. Debtors DebtOTS are reCO￿ls¢d at the s¢ttlem¢nt recoverable amount due. Prepayments are valued at the amount prepaid. Cash at bank and in hand Cash at bank and in hand includ¢s is held to meet short-terni cash commitments as they fall due rather than for investment purposes and may include short-t¢m deposits. Page 19 continued...

tjocuslgn E￿elOpe ID.. B8482272-833C4BOO-BDCWF5AFODD2A5E HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES - eontinued Credltors, deferrals and provisions Creditors and provisions are liabilities wher¢ we have a present obligation to a third party that we shall nornially pay by cash. Provisions are measured or estimated as reliably as possible. Where perfonnance-related conditions are specified in a grant, the income will only be recognised to the exteni ihat the charity has provided the facility or servi¢e. Any income received in advance of the conditions being met are defeJTed and shown under creditors. Fln4nei21 Instruments The charity only h&8 financial assets and liabilities of a kind that qualify as basis financial instruments. Basic financial instruments are initially recO￿lsed at transaction value and subsequently measured at their settlemenl value. PeDSIODJ HCA is a member of the Camden Local Authority Mulli Employer Pension Scheme and is paying additional contributions as requested by the schemes actuaries. If HCA ceased to b¢ a member, due lo all staff who are in the scheme having left HCA, then a liability would be expected to crystalize ai that time. {a) The multi-employer plan is a defined benefit plan. However, sufficient inforniation is not available to use defined benefit accounting for a mulli-employer plan. Therefore, as per Charity SORP FRS102 Section 28, Ihe plan is b¢ing accounted for as a defined contribution plan. (b) Th¢ Charity considers itself not to be liable to the plan for other entities obligations under the terms and conditions of the multi-employer plan. (¢) The charity re¢ognises its liability for the contributions and any deficit in the profit and loss as an expense in the year. ASI staff are encouraged to participate in workplace pensions. Our pension provider is NEST. We are now affiliated to the Living Wage Foundation. Legal status of the Asso¢lation The A&8ociation is a company limited by guaranlee and h&8 no share capital. In the event of the charity being would up, the liability in respect of the guarantee is limited to £1 per member. Page 20 continued...

Drtusign Envelope ID.. B8482272-B33c480￿BDcB￿F5AF0DD2ASE HOLBORN COMMUNITY ASSOCIATIOIY NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 DONATIONS AND LEGACIES 31.3.24 31.3.23 Donations Gift aid 21J29 46,111 655 21?29 46,766 Unrestricted Restrficted Tolal Funds Total Funds Funds Funds 31J.24 31.3.23 Donations Online Donations Gift Aid Collections tins 13,224 3,105 5,000 18,224 3,105 43,696 2,290 655 125 16J29 5,000 21,329 46,766 INVESTMENT INCOME 31.3.24 31.3.23 Deposit account interest 2,149 496 Page 21 continued...

Do¢Ltsign Envelopè ID.. B8482272433C4BofkBDCW5AFODD2A5E HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 INCOME FROM CHARITABLE ACTIVITIES Unrestrlcted Restrieted Total Funds Totsl Funds Funds FuDds 31.3.24 31.3.23 London Borough of CaTnden Other Public Funds Grants from tn]sts and foundations (See Note 19) Users, Contributions and fees Classes and activities - Events and Fairs Personal budgels (facilitated by London Borough of Camden) Hire of facilities 37,728 187,999 35,219 225,727 35.219 226,454 79,453 88,551 168,004 115,496 105,120 105,120 89,181 51.039 74,6QO 51,039 74,600 43,360 89,162 347,940 311,769 659,709 563,653 Page 22 continued...

Docu81gn Envelope IO.. B8482272-833C4B0(￿8Dc￿￿FsAFCOD2AsE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 ANALYSIS OF EXPEIYDTTURE ON CHARITABLE ACTIVITIES Movement Play Arts Care Total 2024£ Total 2023£ Promotion and Publicity Class and Activity costs Staffing (Employees) Staffing (Miscellaneous) Premises Direct Administratio Fixtures and Equipment 3.909 63,171 7,489 7,848 75,450 100,993 19,246 253,614 18,378 240.942 14.000 5.115 887 472 52 34.861 358 2,676 797 3,8Q2 2.177 40,825 5,047 5,325 50,941 5,519 6,270 102 1,944 2,157 85 73,657 14,052 120,945 117,560 326314 322,134 Support Costs (Note 8) 73,823 73,823 73,823 73.821 295,290 239,236 Governance Costs 1,029 1,029 1.029 1,028 4,115 4.528 148,509 88,904 195,797 192,409 625,619 565098 Page 23 continued...

Doa&8lgn Envelope ID.. B8482272-833c4Bo￿BDcB-0F5AF0DD2ASE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMEiYfs- continued FOR THE YEAR ENDED 31 MARCH 2024 SUPPORT COSTS ANALYSIS OF SUPPORT AND GOVERNANCE COSTS 31.3.24 313.23 Support Costs Promotion and publicity A¢tlVlty Costs Staffing (Employees) Staffing (Misccllaneous) Premises Direct Administration Costs Fixtures and Equipment 6,120 178,836 3,622 88,412 15,878 2,422 158,647 3,489 61,653 13,322 2,126 295290 239,236 31.3.24 31.3.23 Govern2D¢e Costs: Annual Reviewl AGM Auditors Remuneration Audilors Remuneration - Non Audit Services 115 3,000 I,o&o 128 3,000 1,400 4,115 4.528 Support and governance costs are allocated on a fair estimation of staff time and effort, floor space and use and benefit of central services. NET INCOMEI(EXPENDITURE) Net income/(expenditure) is stated after charginyJ(¢rediting): 31.3.24 31.3.23 Auditors, remuneration Depreciation - owned assets Interest paid 4,000 1095S 43J30 4,400 10,954 27,885 Page 24 continued...

Docu61gn Envelow ID.. 88482272-833C480LLBDCUIFSAFODD2A5E HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 Mar¢h 2024 nor for the year ended 31 March 2023. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2024 nor for th¢ year ended 31 March 2023. STAFF COSTS 313.24 31.3.23 Wages and salaries Social security costs Other pension cost5 397,168 28,043 7340 364,332 28,169 7.086 432,451 399.587 31.3.2024 31.3.2023 Self-employed tutors Miscellan¢ous associated costs 40,466 3,981 42,040 12,389 44,447 54,429 The average monthly number of employees during the year was as follows; 31.3.24 13 31.3.23 13 Operation of community and arts centres No employees received remuneration in excess of £60,000. (2023: none) All ¢t￿OI1ed staff are in the NEST Workplace Pension Scheme. No employee was in the LGPS Pension. (2023: none) The Chief Executive Officer undertakes project management duties in connection with the Redevelopment of Bedford House Community C¢ntre. The Key Management Personnel comprise the Trustees and the Chicf Executive OITicer. The total employment benefits of th¢ Key Management Personnel were £54,627 (2023: £52,648) Page 25 continued...

DO￿ign Erwelopè ID.. B8482272-833C4BOO.BDCB41F5AFODD2ASE HOLBORN COMMUNrrY ASSOCIATION NOTES TO THE FINANCIAL STATEMEwfs - continued FOR THE YEAR ENDED 31 MARCH 2024 STAFF COSTS - contlDued VoluDt¢¢n and Placements in the year 31.3.24 31.323 Number of volunteers 78 66 Placements: College Students and Work Experience 16 16 10. COMPARATIVES FOR THE STATEMEIYT OF FINAIYCIAL ACTIVITIES 313.2023 Unrestricted Restrict¢d funds funds Total funds INCOME AND ENDOWMEIYTS FROM Donations and legacies 41,766 5,000 46,766 Chjrltable actlvltfie8 Income from Charitable Activities 389,543 174,110 563,653 Investment income 496 496 Total 431,805 179,110 610,915 EXPENDITURE ON Cbarllable activlti Operation of Community and Arts Centres 457,010 108,889 565,899 NET INCOMFJ{EXPENDITURE) (25.205) 70,221 45.016 RECONCILIATION OF FUPIDS Total funds brought forward 248,318 2.981.173 3,229,491 TOTAL FUNDS CARRIED FORWARD 223,113 3,051,394 3,274,507 Page 26 continued...

Docu￿an Envelope ID.. B8482272_833C48O0.BDcB￿FwoDD2ASE HOLBORN COMMUNITY ASSOCIATIO NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 11. TANGIBLE FIXED ASSETS I£asehold Ongoing Land and Redevelopment Computer Buildings Costs equipm¢nt Totsls COST At l AprAI 2023 Additions 517,010 3J42,108 31,000 5,746 3,864,864 31,000 At 31 March 2024 517,010 3J73,108 5,746 3,895,864 DEPRECIATION At l April 2023 Charge for year 108,704 10,0 4,791 955 113.495 10,955 At 31 March 2024 118,704 5,746 124,450 NET BOOK VALUE At 31 March 2024 398,306 3a73,108 3,771,414 At 31 March 2023 408,306 3,342,108 955 3,751,369 12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Trade debtors Prepayments and accrued income 17222 2,075 19,409 7,192 19297 26,601 Page 27 ontinued...

Docuslgn Envelope ID.. 88462272433C48o0-BDc￿F5AFODD2ASE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR EIYDED 31 MARCH 2024 13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.24 31.3.23 Bank loans and overdrafis (see note 15) Trade creditors Othcr cr¢ditors Accrued expenses 42,562 8,575 140046 10,400 45,744 6,331 111.901 7,831 202,383 171,807 14. CREDITORS: AMOUF4TS FALLING DUE A￿ER MORE THAN ONE YEAR 31.3.24 31.3.23 Bank loans (see note 15) 436,579 454,363 15. LOANS An analysis of the rnaturity of loans is given below: 31.3.24 31.3.23 Amounts falling due within one year on demand: Bank Iiyans 42,562 45,744 Amounts falling due between two and five y¢ars: Bank loans - 2-5 years 436,579 454,363 This bank loan is for a period of 5 years. There are legal charges secured by the Bank and Sports England on the leasehold land and building. The charity has applied section 21.26 of the Charity SORP in reCo￿ls]ng and measuring the loan at the ¢anying amount adjusted in subsequent years to reflect repayment and any impairnients. Rate of interest is charged at 60/0 per annum over the Bank of England's published base rate in the first twelve monihs and at 40/0 from the first anniversary of the initial drawdown. Page 28 continued...

DOC￿ Erwelope ID.. B8482272433C4B01>8DC8-OF5AFODD2A5E HOLBORN COMMUNITY ASSOCJATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 16. ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.24 Total funds 31.3.23 Total funds Unrestricted Restricted funds funds Fixed assets Current assets Current liabilities Long terni liabilities 398,306 3,771,414 199,623 199,623 (202,383) (202a83) (144,866) (291,713) (436,579) 3?73,108 3,751,369 149,308 (171,807) (454,363) 250,680 3,081J95 3a32,075 3,274,507 Page 29 ontinued...

D￿SIgn Envelope 10.. B8482272433C4BIIO-BDCWWODD2A5E HOLBORN COMMUMTY ASSOCIATION NOTES TO THE FINANCIAL STATEMEIYTS - conliDued FOR THE YEAR EIYDED 31 MARCH 2024 17. MOVEMENT IN FUNDS 1st Apr 23 Ineome Expended st Mar 24 Unrestrfi¢ted funds Donations and Grants 223.113 466.418 (438,851) 250.680 223,113 466,418 (438,851) 250,680 Re8lricted Fixed Assets Funds (a) LB Camden sl 06 funding (b) Greater London Authority (c) Bedford House Redevelopment 961,326 635,000 1,454.068 15,000 976,326 635,000 1.469,069 15,001 3,050a94 30,001 3,080,395 Restricted - Revenue fundg (e) Core (d) Volunteering & Outreach project (fj Movement (g) Und¢r- fives & Play Schemes (h) Older People's proj¢cls (i) Arts & Media projects ti) Cost of Living Lottery Support ti) LB Camden Strategic Partnership 14.314 (14,314) 1,000 I,o(x) 41,021 14,000 15.175 67,039 35,219 i 00,000 (41,021) (14.000) (15,175) (67,039) (35,219) (ioo,000) 1,000 286,768 (286,768) 1,000 Total Restrlcted FuDd8 3,051 J94 316,769 (286,769) 3.081 J94 TOTAL FUNDS- 318t Marcb 24 3274,507 783,187 (725,619) 3J32,075 a) S106 Funds received from London Borough of Camden towards the redevelopment of Bedford House. b) GLA - Good Growth funds towards the redevelopment of Bedford House c) Funds received from Trusts & Foundations towards the redevelopment of Bedford House d) These funds enable HCA to engage with ihe local community. including the Bangladeshi Community. organising community forums" providing special classes and activities and creating and building a team of active volunteers. e) Core Funds fj Funds received for our Gymnasium. gymnastics. taekwondo. satellite gyms in local schools and Coram's Fields. Page 30 continued...

Docu81￿ EM￿k￿ ID: B8482272-833G4BO&BDCMFSAFODDZ4SE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FIIYANCIAL STATEMEwfs - continued FOR THE YEAR ENDED 31 MARCH 2024 17. MOVEMENT IN FUNDS - continued g) Funds received for our Under-fives work: baby gyn]; soft play &5 well &8 holiday play schemes and educational and fun trips for young children. h) Funds received for our Older People's projects: activities, health exercises, trips; befriending scheme (including training and supervising volunteers); gardening and carers, support. j) Funds received for art and media projects at l a Arts Centre: digital media and film making. play scheme. Summer University projecl. pottery and core Arts Centre funding. j} Funding from Camden, who have chosen us as a strdtegic partner to help deliver Borough Social Services. k) Fund balances streamlined at end of year. 18. RELATED PARTY DISCLOSURES A trustee, who is also a truslee of one of the funding organisation which donated £35,000 (2023: £35,000) to HCA in the year. The said trust¢¢ did not sit on any committee which approved funding for HCA either in the current year or the prior year. Page31 continued...

Dowslgn Envelope ID.. B8482272433c48o￿BDcB-0F5AF0DD2ASE HOLBORN COMMUNITY ASSOCIATION NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2024 19. CRANTS FROM TRUSTS AND FOIJNDATIONS Total Funds 31.3.23 Grants from trusts and foundations Unrestrlcted Restrfieted Total Funds Funds Fund8 31.3.24 3 Verulam Buildings Trust Ageing Better Camden Bloomsbury Festival Office City Bridge Trust Camden Warni Spaces Programm¢ Central District Alliance Dragon Hall Trust Dentons Groundwork UK Garfield Weston Hennan Miller Ironmongers London Catalyst London Marathon Charitable Trust Masonic Charitable Foundation Miscellaneous London Community Foundation Origin Housing Quinn CSR Grant S¢mble Network Sport England Sl Andrew Holborn Charity William Shelton Educational Charity Young Camden Foundation Mercers 35.000 35,000 35,000 1,000 1,000 1,000 1,524 3.000 2.151 3,000 7,598 5,447 2,000 2,000 2,000 1,037 5,000 10,000 6,120 20,000 7,771 35,000 7,771 3,000 15,000 3,000 15,000 6,295 669 3.766 500 1,700 7.359 1,400 2,369 11,125 1,900 4,704 5,920 2,185 1,560 2,625 15,001 18,519 14,000 4,500 2,625 15,001 18,519 14,000 8,096 17.200 8,500 7,451 3.596 79,453 88,551 168,004 115,496 Page 32