REGISTERED COMPANY NUMBER: 02344228 (England and Wales)
REGISTERED CHARITY NUMBER: 801064
REPORT OF THE TRUSTEES AND
AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
FOR
HOLBORN COMMUNITY ASSOCIATION
(A COMPANY LIMITED BY GUARANTEE)
Prestons & Jacksons Partnership LLP
Statutory Auditors
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY

HOLBORN COMMUNITY ASSOCIATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Chairman's Report
Report of the Trustees
Report of the Independent Auditors
Statement of Financial Activities
Statement of Financial Position
Statement of Cash Flows
Notes to the Statement of Cash Flows
Notes to the Financial Statements
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2 to 11
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17 to 18
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21 to 33

HOLBORN COMMUNITY ASSOCIATION
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The year 2024-2025 saw the organisation, the staff within it and people from across the community work
collectively to make a real difference to lives of people within our community.
During this year the organisation has faced significant challenges, particularly related to financial planning
and sustainability - together, the team, support from local funders including Camden Council and with input
from the Board, have responded to those challenges. They've applied learning and insight from a business
review to change how things are done internally. That's allowed us to recognise our goals (better financial
security) and understand and articulate the real successes delivered by the organisation over the last 10 years.
HCA hasn't just been inward looking - the organisation has recognised and responded to the increasing need
across our community and continues to support people through fun, through inclusive activities, through
support for people's health and wellbeing. All in the face of decreasing internal and external resources.
That commitment to the community - meeting real needs with people centred support - is at the heart of
HCA. It's why the community values what HCA does do and why I, and the wider Board continue to be
amazed and thankful to be part of an organisation making such a difference to people.
Shona Coffer, Chair
Page 1

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial statements of the charity for the year ended 31 March 2025. The trustees 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 1 January 2019).
Page 2

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
OBJECTIVES AND ACTIVITIES
o To promote the benefit of those persons who live in the historical Holborn Ward of the London Borough of
Camden and its neighbourhood.
• 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.
• To engage the local authority, other voluntary organisations and the inhabitants 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 and mission
Our vision is for a thriving, 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 those who need to
achieve their aspirations.
Our mission is to bring people together and improve the health and well-being of our community through
arts, care, movement and play.
We support people across our community 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 programmes include
Arts for Well-being, Arts Outreach and Arts for Young People
- Care: HCA provides care in the form of day centre provision for older adults, particularly those with
dementia, as well as outreach schemes, a befriending scheme 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 t
levelop social and motor skills in a fun environment. Our Play strand also includes holiday activities, trip
and play schemes for children and families across the local community.
- Operations: underpinning 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
- Holborn House Community Centre (formerly 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 activities.
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HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
- Millman Street Community Centre, where we mostly conduct our older peoples' services plus
intergenerational work and have internet and email access for users.
- la Arts Centre - where we run pottery classes for all ages, digital media and film for young people and
hold or organise basic skills and catch-up booster classes.
Public benefit
The Trustees confirmed that they have complied with the duty in section 4 of the Charities Act 2011 to have
due regard to public benefit guidance published by the Commission in determining the activities undertaken
by the Charity.
Page 4

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Achievements and performance
Charitable activities
- 2,000+ people accessed health and wellbeing programmes
- 35,000 attendances across three busy community centres
- 350+ older adults supported through befriending, lunch clubs and social groups
- 225+ children and young people joined regular after-school sessions
Our programme brings people together in welcoming inclusive spaces where people feel ready and able to
As well as increasing individual skills and well being, the programmes help people to help
themselves, and help each other - ultimately building a stronger community of place. Our programmes
- Youth and family support: play, sport, mentoring and creative sessions
- Creative health and wellbeing: movement, mindfulness, arts and culture
- Support for older people: social groups, digital help and home visits
- Community events and exhibitions: celebrating local identity and connection
- Volunteer and leadership opportunities for local residents
Our Arts activities are all about 'creative health'. Simply put - they are creative activities designed to
directly benefit the physical and mental health and wellbeing of those participating.
- Sunday Socials bring people together to eat and participate in an arts-focused activity every month. They
are primarily older and isolated. Involvement in Sunday Socials often leads to greater participation in other
- Memory Cafe offers weekly arts/reminiscence focused activities for people with dementia (or other
degenerative conditions) and their carers. The activity offers opportunities to maintain cognitive function,
improve how participants feel about themselves, and builds a community or network involving people
dealing with early-onset long term conditions.
- Creative Communications is a weekly group for children and young people with social communication
difficulties. Through art, play and learning from each other, participants increase self-awareness, learn to
regulate and communicate and feel more confident in wider social settings. Parents and child receive pastoral
support from HCA staff and develop a peer network outside of school and their usual community.
- Our Youth Arts Group explores different disciplines, techniques and products with support from specialist
artist/facilitators and organisations depending on project focus. The art itself is secondary to process with the
group allowing a space for young people with a range of mental health issues and additional needs to come
together to explore themselves, their identity and their aspirations for the future. Summer sees us host
Camden Summer University sessions open to all young people in Camden (13-19).
Through our Movement programme we provide spaces for our community to exercise both body and mind,
with an emphasis on coming together alongside physical achievement, and improving both physical and
mental health.
- Our Gymnastics club is for children from 3 - 14. We offer space, coaching and equipment to teach
children skills and keep them active. Our classes are inclusive and financially accessible allowing children
who wouldn't otherwise be able to afford classes attend.
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HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Creative Dance projects for children aged 4-12 are led by contemporary dance specialists. Children wo
wards a performance or theme throughout the term in a space that helps everyone feel comfortable at
confident to express themselves.
We run My Move Girls Fitness sessions every week. Young women work with the session leader to set t
tivity programme and they come together in a space just for them along with some snacks and time f
Hosted by i A gland lates an inciding onese only region paid Senil Ya and di Cong
- Working with Akademi we host weekly South Asian Dance sessions and deliver a more informal Dance
for Joy session every week (with support from UCL Dance Society).
HCA Cares for people across the community 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 happier, healthier and keep living independently in their own homes.
- Day centre care for the most vulnerable older people - with care need including dementia, COPD, heart
problems and depression. We bring people together to have fun and company as well as managing
medication, care planning and rehabilitation plans.
- Outreach work - escorting attendees to activities and hospital or GP appointments, helping with everyday
shopping and prescriptions as well as managing finances.
Our Community Activities Programme for older people includes arts and movement activities as well a
her sessions focused on social interaction and well being - like reminiscence groups, flower arranging, ha
dressing appointments and bingo!
- At a weekday Lunch Club we offer low cost healthy meals for older people who wouldn't otherwise be
able to afford them.
- Through our Doorstep Help project we reach out to isolated older people in their homes providing support
to address their most urgent needs and building ongoing support and relationships with Befrienders.
Through our Play programme we connect parents whilst children play. Four days a week we provide spaces
for families to engage in creative play. Our programme offers under 5s and their grown-ups a range of
opportunities to develop physical literacy, creativity and confidence through play, movement and arts.
Organisational Challenges
programmes full). It is manifest in greater complexity of need amongst individuals which is often harder for
our staff to help with through our usual support.
The organisation continues to face many challenges adapting to and responding to a new normal - income
from traditional sources and supporters (trusts, foundations and donors) is harder to secure. Statutory
sources of support are in flux and offering little by way of support and investment - social care budgets for
instance are shrinking.
Page 6

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Statt costs are rising with those tied to London Living Wage putting further pressure on budgets (but still
essential to retain staft, our most valuable resource). Alongside this, utility, food and contractor costs are
high with many above inflationary increases.
Alongside these challenges, affecting many organisations in the sector, HCA faced a key challenge in year,
relating to our long term loan for the building. Mid-year our application to renew our loan was declined
bringing us close to term, with repayments at a high level (drawing cash out of the charity. Coupled to the
constraint of low free cash reserves the organisation has had to aggressively manage expenditure. In turn it
has been harder to invest in new projects meeting the greater need in our community - limiting growth and
opportunities.
Organisational responses
In the face of multiple pressures HCA have responded well - determined to take control of the situation and
narratives around us as much as is possible.
We have drawn on resource (free or funded) to train and develop our workforce giving them the skills and
resilience to cope in the pressure of need from across the community. This ties into our response to rising
staff costs across the board - we are keen to develop the workforce ensuring that staff are supported, more
productive and better able to meet the needs around them.
At the same time we are steadfast in our commitment to inclusive programmes and support for the
community - keeping activities free or low cost wherever possible, finding ways to expand provision where
demand is high and maintaining key messages centred on inclusion, kindness and compassion.
In year we have improved our grant funding success rate. Importantly we have increased our corporate
giving total (almost doubling) which promises to provide a fruitful, ongoing avenue for support in the future.
Our earned income is stable and actions taken at the end of 2024 have seen us increase lettings income,
building sustainable, ongoing relationships with hirers that support the wider work of the charity.
In response to decision on our long term loan the organisation worked with our funders, our lender and an
external consultant (from the Centre for Charity Excellence) to review our business practices and financial
planning. Benchmarked against peer organisations our performance over the last 10 years has been good -
there is a stable foundation on which to build and grow the 'community business' side of our work, key to the
ongoing viability of the organisation. We have revised our financial planning and reporting, moving away
from 'cash accounting' in practice to operating with a much better understanding of forecasting, net income
and liabilities (all of which are key to maintaining our loan and space). Work to reapply and change terms
of the loan was completed in March 2025 and the loan has now been secured for a further 5 years (with
reduced monthly repayments).
Future Plans
Our current business plan covers the period 2023-2026. Work is in underway in 2025 to prepare a new
business plan covering the period April 2026 - March 2031 (this aligns with funding cycle of Community
Partners fund providing core funding for 7 years). The business plan will include feedback with the
community themselves to inform development plans across various elements of the work (in particular
focusing on how we move to increase earned income from activities). Alongside that we are reviewing
organisational 'foundations' to ensure we have the right elements in place to support our work over the period
of the business plan. That includes our communications strategy and tools, our digital infrastructure and
plans for workforce development. Finally, the business plan will include strategy to reduce long term loan,
mindful of length of lease by time further loan renewals are due and mindful the impact this may have on
future viability of loans.
Page 7

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRATEGIC REPORT
Financial review
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 more diverse,
partly coming from personal budgets, and through a wider variety of grants than the core community centres
fund (which is now less than 20% of our income and the expenditure on various activities has supported the
key objectives of the charity.
Reserves policy
The trustees aim to have a reserves policy maintaining 20% of expected annual revenue costs of the
Association, excluding restricted funds and any reserves held against known future liabilities. At that level,
ava fe to con interering a rices for the fores cal lite. that urent conomic late is .
hard target to meet, especially following our significant project to redevelop Holborn House. We are
therefore, seeking over the medium term to increase our liquid unrestricted reserves further, so that services
could be wound down without necessarily selling the Holborn House lease. The trustees are of the view that
HCA is a going concern. The reserves at the end of the period, which meet these criteria, are
£3,363,641being of incurred costs for However, most of those reserves are tied up in fixed assets and
Our organisation also holds restricted reserves separate to funds identified above. These are identified at
time of award and allocated to certain programmes or activities as agreed with the funder or donor in
question (allocation includes accounting for these funds as restricted within our quarterly management
accounts). Where restricted funds are awarded across financial years, income may be split and allocated to
future years in line with expectation of activity or service delivery. These funds are accounted for within
deferred income within our management accounts and annual audited accounts.
Going concern
The Trustees are of the view that HCA is a going concern for the 12 months from current date. Work
undertaken this year has addressed questions of short term viability. We are confident that with long term
core funding and strong earned income underpinning our work we are financially viable in the medium term.
Our focus over the course of next business planning round is to address longer term financial issues to
maintain the organisation into the future.
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 more diverse,
partly coming from personal budgets, and through a wider variety of grants than the core community centres
fund (which is now less than 20% 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 £648,229 (2024: £683,187) and expenditure of £616,663 (2024:
£625,619) giving a surplus of £31,566 (2024: £57,568). We carried forward reserves of £3,363,641(2024:
£3,332,075) of which £276,156 (2024: £250,680) are unrestricted and £7,090 (2024: £1,000) are restricted.
Page 8

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Holborn Community Association is a private company limited by guarantee incorporated on the 7 February
1989 and has no share capital and is permitted to omit the word limited from its title. The governing
document is the Memorandum and Articles of Association. The charity is registered with the Charity
Commission in England and Wales as Holborn Community Association.
Organisation
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 as
representatives of affiliated groups and members nominated by user groups. It normally meets 4 times a year.
All members are circulated with invitations to nominate trustees prior to the AGM advising them of retiring
trustees and vacancies. The Board has the power to co-opt new members till the following AGM and may
co-opt up to 5 non-voting members holding special attributes or skills.
HCA currently employs 5 full time, 19 part-time or sessional staff and 12 freelance tutors. The Director
reports to the board, manages the day-to-day operations of the charity and plays a substantial role in the
delivery of services. He is assisted by the members of the Leadership Team.
Contribution of volunteers
The Association draws upon a pool of volunteers without whom the level of work that we undertake would
e signiticantly reduced. This last year 66 volunteers supported us over the course of a year in a variety o
asks inter alia: delivering food parcels and shopping, administration, befriending, class assistant:
entertaining and performing, painting and decorating, transporting and tutoring.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure
appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees have examined the business and operational risks that the charity faces and confirm 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 have considered the major risk areas 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-term 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 DETAILS
Registered Company number
02344228 (England and Wales)
Registered Charity number
801064
Registered office
35 Emrald Street
London
WCIN 3QW
Page 9

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Trustees
Shona Coffer - Appointed as Chair
Linda Henden
Lauren Suding
Jonathan Nash KC
Shamin Kisakye
Susan R Shickle
Stephen Hargrave - Resigned 25th April 25
Jacqueline A Dyson - Resigned 28th November 24
Chief Executive Officer
Paul Crozier
Auditors
Prestons & Jacksons Partnership LLP
Statutory Auditors
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
Website: https://www.holborncommunity.co.uk/
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Holborn Community Association for the purposes of company
law) are responsible for preparing the Annual Report and the financial statements in accordance with
applicable law and United Kingdom
Accounting Practice) including Financial Reporting Standard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland".
SENSE
Company law requires the trustees to prepare financial statements for each financial year. Under that law, the
trustees have elected to prepare the financial statements in accordance with United Kingdom Generally
Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under company law the trustees must not approve the financial statements unless they are satisfied that they
give a true and fair view of the state of affairs of the charitable company and of the incoming resources and
application of resources, including the income and expenditure, of the charitable company for that period. In
preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures
disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the
charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable 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 assets of
the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
Page 10

HOLBORN COMMUNITY ASSOCIATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the trustees are aware, there is no relevant information (as defined by Section 418 of the Companies
Act 2006) of which the charitable company's auditors are 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 information and to
establish that the charitable company's auditors are aware of that information.
AUDITORS
The auditors, Prestons & Jacksons Partnership LLP, will be proposed for re-appointment at the forthcoming
Annual General Meeting.
Report of the trustees, incorporating a strategic report, approved by order of the board of trustees, as the
company directors, on
.... and signed on the board's behalf by:
pastee
Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOLBORN COMMUNITY ASSOCIATION
Opinion
We have audited the financial statements of Holborn Community Association (the 'charitable company') for
the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of
Financial Position, the Statement of Cash Flows and notes to the financial statements, including a summary
of significant accounting policies. The financial reporting framework that has been applied in their
preparation is 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.
In our opinion the financial statements:
- give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its
incoming resources and application of resources, including its income and expenditure, for the year then
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the
UK and Republic of Ireland'; and
- have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and
applicable 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 are independent of the
is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or
conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are
authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees are responsible for the other information. The other information comprises the information
included in the Annual Report, other than the financial statements and our Report of the Independent
Our opinion on the financial statements does not cover the other information and, except to the extent
otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information
and, in doing so, consider whether the other information is materially inconsistent with the financial
statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we
identify such material inconsistencies or apparent material misstatements, we are required to determine
whether this gives rise to a material misstatement in the financial statements themselves. If, based on the
work we have performed, we conclude that there is a material misstatement of this other information, we are
required to report that fact. We have nothing to report in this regard.
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOLBORN COMMUNITY ASSOCIATION
Matters on which 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 information given in the Report of the Trustees is inconsistent in any material respect with the
financial statements; or
- the charitable company has not kept adequate accounting records; or
- the tinancial statements are not in agreement with the accounting records and returns; or
- we have not received all the information and explanations we require for our audit.
The trustees' 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 the
requirement to prepare a strategic report.
Responsibilities of trustees
As explained more fully in the Statement 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 the trustees determine is necessary to enable the preparation of financial statements that are tree
from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's
ability to continue as a going concern, disclosing, 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 operations, or have no realistic alternative but to do so.
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REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOLBORN COMMUNITY ASSOCIATION
Our responsibilities for the audit of the financial statements
We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance
with the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free
from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors
that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAs (UK) will always detect 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 to influence 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:
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We identified and
assessed the risks of material misstatement of the financial statements from irregularities, whether due to
fraud or error, and discussed these between our audit team members. We then designed and performed audit
procedures responsive to those risks, including obtaining audit evidence sufficient and appropriate to provide
a basis for our opinion.
We obtained an understanding of the legal and regulatory framework within which the charitable company
operates, focusing on those laws and regulations that have a direct effect on the determination of material
amounts and disclosures in the financial statements. The laws and regulations we considered in this context
were the Companies Act 2006 together with the Charities SORP (FRS102). We assessed the required
compliance with these laws and regulations as part of our audit procedures on the related financial statement
In addition, we considered provisions of other laws and regulations that do not have a direct effect on the
financial statements but compliance with which might be fundamental to the charitable company's ability to
operate or to avoid material penalty. We also considered the opportunities and incentives that may exist
within the charitable company for fraud. The laws and regulations we considered were General Data
Protection Regulation (GDPR), employment legistations, taxation legislations and anti-fraud, bribery and
corruption legislation.
Auditing standards limit the required audit procedures to identify non-compliance with these laws and
regulations to enquiry of the Trustees and other management and inspection of regulatory and legal
correspondence, if any.
We identified the greatest risk of material impact on the financial statements from irregularities, including
fraud, to be within the timing of recognition of income and the override of controls by management. Our
audit procedures to respond to these risks included enquiries of management, internal audit and the Trustees
about their own identification and assessment of the risks and irregularities, sample testing on the posting of
journals, reviewing accounting estimates for biases, reviewing regulatory correspondence with Charity
Commission, review of donor audit reports, and reading of minutes of meetings of those charged with
Page 14

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOLBORN COMMUNITY ASSOCIATION
Owing to inherent limitations of an audit, there is an unavoidable risk that we may not have detected some
material misstatements in the financial statements, even though we have properly planned and performed our
audit in accordance with auditing standards. For example, the further removed non-compliance with laws
and regulations (irregularities) is from the events and transactions reflected in the financial statements, the
less likely the inherently limited procedures required by auditing standards would identify it. In addition, as
with any audit, there remained a higher risk of non detection of irregularities, as these may involve collusion,
forgery, intentional omissions, misrepresentations, or the override of internal controls. We are not
responsible for preventing non-compliance and cannot be expected to detect non-compliance with all laws
turther description of our responsibilities for the audit of the financial statements is located on th
nancial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms pa
of our Report of the Independent Auditors.
A ancier descriptio un oils resisabies for re saudi orse ponsibiles ems description on pare
of our Report of the Independent Auditors.
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 (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might
state to the charitable company's trustees those matters we are required to state to them in an auditors' report
and for no other purpose. To the fullest extent permitted 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, for this report, or for the opinions we have formed.
Prestons & Jacksons Partnership LLP
Statutory Auditors
Eligible to act as an auditor in terms of Section 1212 of the Companies Act 2006
364 - 368 Cranbrook Road
Ilford
Essex
IG2 6HY
Date: ....
Page 15

HOLBORN COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL ACTIVITIES
(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 31 MARCH 2025
Unrestricted Restricted
funds
funds
27,050
-
-
336,479
2,860
366,389
281,840
281,840
31.3.25
Total
funds
27,050
618,319
2,860
648,229
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
4
Income from Charitable Activities
Investment income
3
Total
EXPENDITURE ON
Charitable activities
Operation of Community and Arts Centres
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
5
16
TOTAL FUNDS CARRIED FORWARD
31.3.24
Total
funds
21,329
659,709
2,149
683,187
440,913
(74,524)
100,000
25,476
250,680
-
276,156
175,750
106,090
(100,000)
6,090
3,081,395
3,087,485
616,663
31,566
31,566
3,332,075
3,363,641
625,619
57,568
57,568
3,274,507
3,332,075
The notes form part of these financial statements
Page 16

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank
HOLBORN COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
Notes
11
12
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds:
General fund
Restricted funds:
Restricted
Restricted Fixed Asset Funds
13
31.3.25
€
3,761,414
16,890
122,213
139,103
(536,876)
(397,773)
31.3.24
3,771,414
19,297
180,326
199,623
(638,962)
(439,339)
3,363,641
3,363,641
3,332,075
3,332,075
16
276,156
7,090
3,080,395
3,087,485
250,680
1,000
3,080,395
3,081,395
TOTAL FUNDS
3,363,641
3,332,075
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006
for the year ended 31 March 2025.
The members have not deposited notice, pursuant to Section 476 of the Companies Act 2006 requiring an
audit of these financial statements.
The notes form part of these financial statements
Page 17
continued...

HOLBORN COMMUNITY ASSOCIATION
STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2025
The trustees acknowledge their responsibilities for
(b)
accordance with the requirements of Sections 394 and 395 and which otherwise comply with the
requirements of the Companies Act 2006 relating to financial 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
The financial statements were approved by the Board of Trustees and authorised for issue on
.. and were signed on its behalf by:
Trustee
The notes form part of these financial statements
Page 18

HOLBORN COMMUNITY ASSOCIATION
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
Notes
31.3.25
1
(21,673)
(39,300)
(60,973)
Cash flows from operating activities
Cash generated from operations
Interest paid
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash provided by/(used in) investing activities
2,860
2,860
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period
(58,113)
180,326
122,213
The notes form part of these financial statements
Page 19
31.3.24
€
129,800
(43,330)
86,470
(31,000)
2,149
(28,851)
57,619
122,707
180,326

2.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING
ACTIVITIES
31.3.25
Net income for the reporting period (as per the Statement of
31,566
10,000
(2,860)
Interest paid
Other
Decrease in debtors
(Decrease)/increase in creditors
Net cash (used in)/provided by operations
39,300
2,407
(102,086)
(21,673)
31.3.24
f
57,568
10,955
(2,149)
43,330
1
7,304
12,791
129,800
ANALYSIS OF CHANGES IN NET DEBT
Net cash
Cash at bank
At 1/4/24
180,326
180,326
Cash flow At 31/3/25
f
(58,113)
(58,113)
122,213
122,213
Debt
Debts falling due within 1 year
Total
(479,141)
(479,141)
(298,815)
32,782
32,782
(25,331)
(446,359)
(446,359)
(324,146)
The notes form part of these financial statements
Page 20

1.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES
Basis of preparing 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 Charities SORP (FRS 102) '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 1 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 under the historical cost convention.
Holborn Community Association (HCA) meets the definition of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at bistorical 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 sufficient 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 concern.
All income is recognised in the Statement of Financial Activities once the charity has entitlement 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 recognised
when the charity has entitlement to the funds, any performance conditions attached to the grants have
been met, it is probable that the income will be received and the amount can be measured reliably and
is not deferred.
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
conditions that specify the provision of particular goods or services to be provided and undertaken for
the charitable purposes of the charity.
Interest Receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation
committing the charity to that expenditure, it is probable that a transfer of economic benefits will be
required in settlement and the amount of the obligation can be measured reliably. Expenditure is
accounted for on an accruals basis and has been classified under headings that aggregate all cost
related to the category. Where costs cannot be directly attributed to particular headings they have been
allocated to activities on a basis consistent with the use of resources.
Page 21
continued...

1.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - continued
Allocation of support costs
have been allocated are set out in note 8.
Expenditure 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 the costs of providing services and activities for our
beneficiaries and the local community to further the purposes of the charity and their associated
support costs.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.
Individual fixed assets costing f1,000 or more are capitalised 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 - 2%
- Equipment - 20%
- Activity equipment and fittings* - 33%-50%
(funded purchases are expensed within year of project- 100%)
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be 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 nature and purpose of each fund is included in the notes to the financial
statements.
Debtors
Debtors are recognised at the settlement recoverable amount due. Prepayments are valued at the
amount prepaid.
Page 22
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ACCOUNTING POLICIES - continued
Cash at bank and in hand
Cash at bank and in hand includes is held to meet short-term cash commitments as they fall due rather
than for investment purposes and may include short-term deposits.
Creditors, deferrals and provisions
Creditors and provisions are liabilities where we bave a present obligation to a third party that we
shall normally pay by cash. Provisions are measured or estimated as reliably as possible.
Where performance-related conditions are specified in a grant, the income will only be recognised to
the extent that the charity has provided the facility or service. Any income received in advance of the
conditions being met are deferred and shown under creditors.
Financial Instruments
The charity only has financial assets and liabilities of a kind that qualify as basis financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured at their settlement value.
HCA is a member of the Camden Local Authority Multi Employer Pension Scheme and is paying
additional contributions as requested by the schemes actuaries. If HCA ceased to be a member, due
to all staff who are in the scheme having left HCA, then a liability would be expected to crystalize at
that time.
(a) The multi-employer plan is a defined benefit plan. However, sufficient information is not available
to use defined benefit accounting for a multi-employer plan. Therefore, as per Charity SORP FRS102
Section 28, the plan is being accounted for as a defined contribution plan.
(b) The charity considers itself not to be liable to the plan for other entities obligations under the terms
and conditions of the multi-employer plan.
(c) The charity recognises its liability for the contributions and any deficit in the profit and loss as an
expense in the year.
All 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 Association
The Association is a company limited by guarantee and has no share capital. In the event of th
charity being would up, the liability in respect of the guarantee is limited to £1 per member.
Page 23
continued...

2.
3.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
DONATIONS AND LEGACIES
Donations
Donations
Online Donations
Gift Aid
Collections tins
31.3.25
27,050
31.3.24
21,329
Unrestricted
Restricted Total Funds Total Funds
Funds
Funds
31.3.25
31.3.24
25,462
1,482
106
25,462
1,482
106
18,224
3,105
:
27,050
27,050
21,329
INVESTMENT INCOME
Deposit account interest
31.325
2,860
31.324
2,149
INCOME FROM CHARITABLE ACTIVITIES
Unrestricted
Restricted Total Funds Total Funds
Funds
Funds
31.3.25
31.3.24
London Borough of Camden
Other Public Funds
Grants from trusts and foundations
72,592
-
65,061
101,942
2,116
185,344
96,496
Users' Contributions and fees
- Classes and activities
- Events and Fairs
- Personal budgets (facilitated by
London
Borough of Camden
Hire of facilities
:
257,936
161,557
101,942
2,116
225,727
35,219
168,004
105,120
31,500
63,268
:
31,500
63,268
51,039
74,600
336,479
281,840
618,319
659,709
Page 24
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES
Movement
Pay
Arts
care
Promotion and
Publicity
Class and Activity
costs
Staffing (Employees)
Staffing
(Miscellaneous)
Premises
Direct Administration
Fixtures and
Equipment
-
-
-
2,730
65,660
2,189
3,424
1,596
77
3,423
8,296
16,159
65,768
130,213
28,658
3,006
349
1,886
3,106
2,183
-
76
-
4
Total
2025€
-
14,526
277,800
33,853
5,659
6,885
80
75,599
Support Costs (Note
8)
Governance Costs
68,463
1,002
145,064
16,312 101,304
145,588
68,463
68,463
68,463
1,002
1,002
1,002
85,777
170,769
215,053
338,803
273,852
4,008
616,663
Total
2024€
-
19,246
253,614
40,825
5,047
5,325
2,157
326,214
295,290
4,115
625,619
Page 25
continued...

6.
7.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
SUPPORT COSTS
ANALYSIS OF SUPPORT AND GOVERNANCE COSTS
31.3.25
Support Costs
Promotion and publicity
Activity Costs
Staffing (Employees)
Staffing (Miscellaneous)
Premises
Direct Administration Costs
Fixtures and Equipment
328
175,947
4,784
75,592
16,164
1,037
273,852
3,000
1,000
4,008
31,324
6,120
178,836
3,622
88,412
15,878
2,422
295,290
31.3.25
Governance Costs:
Annual Review/ AGM
Auditors Remuneration
Auditors Remuneration - Non Audit Services
31324
115
3,000
1,000
4,115
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 INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
Auditors' remuneration
Depreciation - owned assets
Interest paid
31.3.25
4,000
10,000
39,200
31.3.24
4,000
10,955
43,330
Page 26
continued...

8.
9.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the
year ended 31 March 2024.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2025 nor for the year ended
31 March 2024.
STAFF COSTS
Wages and salaries
Social security costs
Other pension costs
31.3.25
419,668
26,438
7,641
453,747
31.3.24
397,168
28,043
7,240
432,451
Self-employed tutors
Miscellaneous associated costs
31.3.2025
32,083
6,553
38,636
31.3.2024
40,466
3,981
44,447
The average monthly number of employees during the year was as follows:
Operation of community and arts centres
31.3.25
12
31.3.24
13
No employees received remuneration in excess of £60,000. (2024: none)
ill enrolled staff are in the NEST Workplace Pension Scheme. No employee was in the LGP
ension. (2024: none
Te chip enor be often drain rect management duis in connection with the
The Key Management Personnel comprise the Trustees and the Chief Executive Officer. The tota
mployment benefits of the Key Management Personnel were £53,552 (2024: £54,627
Page 27
continued..

9.
HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
STAFF COSTS - continued
Volunteers and Placements in the year
Number of volunteers
Placements: College Students and Work Experience
31.3.25
132
16
31.3.24
78
16
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES 31.3.2024
Unrestricted Restricted
Total
INCOME AND ENDOWMENTS FROM
Donations and legacies
Charitable activities
Income from Charitable Activities
Investment income
Total
EXPENDITURE ON
Charitable activities
Operation of Community and Arts
Centres
NET INCOME/(EXPENDITURE)
Transfers between funds
Net movement in funds
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED
FORWARD
16,329
347,940
2,149
366,418
5,000
311,769
1.
316,769
21,329
659,709
2,149
683,187
438,851
(72,433)
100,000
27,567
223,113
186,768
130,001
(100,000)
30,001
3,051,394
625,619
57,568
57,568
3,274,507
250,680 3,081,395
3,332,075
Page 28
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
11. TANGIBLE FIXED ASSETS
Leasehold
Ongoing
Land and Redevelopment Computer
Buildings
Costs
equipment
3,373,108
(3,373,108)
5,746
Totals
COST
At 1 April 2024
Reclassification
At 31 March 2025
DEPRECIATION
At 1 April 2024
Charge for year
At 31 March 2025
NET BOOK VALUE
At 31 March 2025
At 31 March 2024
517,010
3.373,108
3,890,118
3,895,864
5,746
3,895,864
118,704
10,000
-
128,704
-
5,746
5,746
124,450
10,000
134,450
3,761,414
398,306
3,373,108
3,761,414
3,771,414
During the year, ongoing redevelopment costs were reclassified as leasehold land and buildings.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors
Prepayments and accrued income
313.25
11,685
5,205
16,890
31.3.24
€
17,222
2,075
12,297
Page 29
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
13.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 14)
Trade creditors
Other creditors
Accrued expenses
31.3.25
446,359
3,960
75,439
11,118
536,876
31.3.24
f
479,141
8,575
140,846
10,400
638,962
14. LOANS
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
31.325
446,359
31.324
179,14
The bank loan is secured by a legal charge on the leasehold land and buildings.
Rate of interest is charged at 6% per annum over the Bank of England's published base rate in the first
twelve months and at 4% from the first anniversary of the initial drawdown.
Sports England has a legal charge on the leasehold land and buildings as per the grant agreement
dated in 2019.
The charity has applied section 21.26 of the Charity SORP in recognising and measuring the loan at
the carrying amount adjusted in subsequent years to reflect repayment and any impairments.
15. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted
funds
funds
Fixed assets
Current assets
Current liabilities
681,019
3,080,95
132,013
7,090
(536,876)
276,156
3,087,485
31.3.25
Total
funds
3,761,414
139,103
(536,876)
3,363,641
31.3.24
Total
funds
3,771,414
199,623
(638,962)
3,332,075
Page 30
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
16. MOVEMENT IN FUNDS
Ist Apr 24
Income
Unrestricted funds
Donations and Grants
250,680
250,680
466,389
466,389
Expended st Mar 25
(440,913)276,156
(440,913)276,156
Restricted Fixed Assets Funds
(a) LB Camden s106 funding
(b) Greater London Authority
(c) Holborn House - Various
(c) Holborn House - Sports England
Restricted - Revenue funds
(d) Volunteering & Outreach project
(e) Core
(t) Movement
(g) Under-fives & Play Schemes
(b) Older People's projects
(i) Arts & Media projects
) Community Development
(k) LB Camden Strategic Partnershi
976,326
635,000
969,069
500,000
3,080,395
1,000
:
:
:
1,000
:
-
976,326
635,000
969,069
500,000
3,080,395
15,000
48,628
56,406
17,500
100,000
280,512
:
(42,978)
(15,000)
(42,538)
(56,406)
(17,500)
(100,000)
(274,422)
1,000
:
6.090
:
7,090
Total Restricted Funds
3,081,3
280,512
(274,422) 3,087,485
TOTAL FUNDS - 31st March 25
3,332,075
746,901
(715,335) 3,363,641
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
Funds 2) to log are not restriced by individual finders. They are esticed by a sales cause in sport
Page 31
continued..

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
16.
MOVEMENT IN FUNDS - continued
d) These funds enable HCA to engage with the local community, including the Bangladeshi
Community; providing special classes and activities and building a team of active volunteers.
e) Core Funds
f) Funds received for our Gymnasium; gymnastics; taekwondo; satellite gyms in local schools and
Coram's Fields.
g) Funds received for our Under-fives work: baby gym; soft play as well as 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.
i) Funds received for art and media projects at la Arts Centre: digital media and film making; play
scheme; Summer University project; pottery and core Arts Centre funding.
j) Funds received for community/ outreach projects based on local estates and accross ward
k) Funding from Camden, who have chosen us as a strategic partner to help deliver Borough Social
17.
RELATED PARTY DISCLOSURES
A trustee, who is also a trustee of one of the funding organisation which donated £30,000 (2024:
€35,000) to HCA in the year. The said trustee did not sit on any committee which approved funding
for HCA either in the current year or the prior year.
Page 32
continued...

HOLBORN COMMUNITY ASSOCIATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025
18. GRANTS FROM TRUSTS AND FOUNDATIONS
Unrestricte
Total Funds
Grants from trusts and foundations
a Restricted Total funds
Funds
Funds
31.3.25
31.3.25
31.3.25
€
3 Verulam Buildings Trust
30,000
Action Funder
455
1,845
30,000
2,300
Bloomsbury Festival Office
BC Foundation
5,000
5,000
Camden Warm Spaces
Central District Alliance
Carpmaels and Ransford
Dentons
Groundwork UK
:
1,125
Garfield Weston
London Catalyst
London Marathon Charitable Trust
London Community Foundation
Miscellaneous
Mercers
Miller Knoll
Mishcon
Origin Housing
Semble Network
Sport England
St Andrew Holborn Charity
15,000
:
1,000
7,806
:
800
St Giles in the Fields Charities
Young Camden Foundation
Wates Foundation
28,370
5,000
1,875
36,281
15,000
2,000
5,000
1,125
15,000
:
-
29,370
7,806
5,000
1,875
337,081
15,000
2,000
5,000
31.3.24
f
35,000
1,000
3,000
7,598
2,000
20.000
3,000
15,000
11,125
2,369
7,771
1,900
2,625
15,001
18,519
14,000
8,096
ll
65,061
96,496
161,557
168,004
Page 33