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
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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.
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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
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