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← Bishop Creighton House Settlement

2025-03-31-accounts

Bishop Creighton House Settlement operating as The Creighton Centre

Annual Report and Financial Statements

Year ended 31 March 2025

Company number: 3217598 Charity number: 1059084

Bishop Creighton House Settlement

Contents

For the year ended 31 March 2025

Reference and administrative information...................................................................................... 2 Trustees ’ annual report................................................................................................................. 3 Independent auditor ’ s report ....................................................................................................... 12 Statement of financial activities (incorporating an income and expenditure account).................... 16 Balance sheet .............................................................................................................................. 17 Statement of cash flows ............................................................................................................... 18 Notes to the financial statements ................................................................................................. 19

Bishop Creighton House Settlement

Reference and administration details

For the year ended 31 March 2025

Company number 3217598
Charity number 1059084
Registered office and 378 Lillie Road, London, SW6 7PH
operational address
Trustees Trustees, who are also directors under Company Law, who served during
the year and up to the date of this report were as follows:
Lee Smith
 Chair
Jane Walker Treasurer – Resigned on 17 April 2024
Raika Hadipour Treasurer from April 2024
Sidona Assefa
Tom Hackett Resigned on 17 April 2024
Alex Hearn
Omid Miri
Alex Morley Resigned on 17 April 2024
Rhys Owen
Jana Reid
Nikos Souslous
Key Management Rory Gillert Chief Executive & Company Secretary
Retired June 2025
Jamie Ward-Smith
CEO & Company Secretary (appointed June 2025
Personnel Matthew Byrne Care & Repair Manager
Jessica Lawn Older People’s Services Manager
Caecilia Isidore Safer Homes & Community Centre Manager
Bankers CAF Bank Ltd 25 Kings Hill Avenue,
Kings Hill, West Malling,
Kent, ME19 4JQ
Auditors Moore Kingston 10 Orange Street,
Smith LLP Haymarket,
London,
WC2H 7DQ

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

The trustees present their report, including the directors report required under company law, and the audited financial statements for the year ended 31 March 2025.

Reference and administrative information set out on page 2 form part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

The trustees review the aims, objectives and activities of the charity each year. This report looks at the charity’s achievements and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

The Aims of the Charity

The Creighton Centre (registered as Bishop Creighton House Settlement) exists to provide a community centre and a number of social support and welfare services for people living in the London Borough of Hammersmith & Fulham (LBH&F) and surrounding areas. It specialises in meeting the needs of people who are old, disabled, young or vulnerable and aims to support their independence, health and wellbeing.

The Creighton Centre fulfils charitable purposes as outlined in the Charities Act 2011 principally through 'the relief of those in need by reason of youth, age, ill health, disability, financial hardship or other disadvantage'. The Creighton Centre meets the public benefit requirement of the Act through the range of its services to residents in the Borough, as described in the 'Activities' and 'Achievements & Performance' sections.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Activities

Achievements and performance

The charity's main activities and the people it tries to help are described below. All activities are undertaken to further the organisation’s charitable purposes for the public benefit.

This is the first full year using our new operating name of The Creighton Centre and we think it has been a success: more modern, secular and inclusive, while retaining the surname of Bishop and Louise Creighton for historical continuity. Bishop Creighton House Settlement remains the legal name of the charity and the company.

Phase 1 of our building redevelopment, the creation of seven new workshops in the basement, was completed in October 2022. Working with Carver Haggard Architects, we are currently fundraising for phase 2, the transformation of the ground floor community centre.

Community Centre

The Community Centre provides meeting space for residents of LBH&F and offers a range of recreational, educational and cultural activities. In the year, it was used by around 1035 group members who attended 74 different classes, events and activities.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Learning Disability Outreach

LDO is a service for adults with learning disabilities, providing social opportunities, mentoring from staff and volunteers, health and wellbeing activities, educational/skills workshops, a literacy programme, employment advice and casework support. Priority is given to people who are particularly isolated or in periods of transition - such as those leaving school or college – who have few or no other sources of support. During the year, the service offered support to 102 people, assisted by 7 volunteers who helped with mentoring or in the community garden.

Homeline

Homeline provided daily phone calls, volunteer home visits, walking support, casework, social classes and events, trips and newsletters for 345 isolated older people. The service reduces isolation and loneliness and acts as a safety net, identifying problems before they become a crisis. Homeline staff recruit, train and manage volunteers, conduct ‘safe and well checks’ for scheme members who have not answered their phone for an agreed length of time and carry out casework and advocacy for those experiencing problems and needing additional support. Homeline distributed Winter Support Fund payments to older people, as well as delivering 113 Christmas hampers to housebound members.

The telephone befriending service operates every day of the year including bank holidays, when people are likely to feel more isolated. 33 volunteers and 3 staff made around 10,000 telephone befriending calls to 185 clients. Homeline had 57 client/volunteer home visiting/walking matches, held 215 social events with 1900 attendances and staff helped with over 700 pieces of casework, supporting 135 members. There were 108 active volunteers who gave over 8,400 hours of their time.

Our new dementia project, funded for three years by Mercers’ Co, began in September 2024. We have developed a ‘Circle of Care’ that offers specially trained dementia home-befrienders to visit those who are home-bound, creates inclusive and dementia-friendly activities for those able to attend our Community Centre, and provides improved information and advice support to the community, building stronger links with community dementia services across the borough.

Care & Repair

Care & Repair is a home improvement agency, one of a national network of agencies. Our staff help older, disabled and vulnerable homeowners and private and council tenants to adapt their homes, to meet their needs and make them safe and accessible. Staff draw up building specifications for the proposed adaptations, help clients to access statutory grants, appoint approved building contractors and oversee all the work. Crucially, we also provide vital support to some very vulnerable clients during

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

what can be a major upheaval. 100 jobs were carried out in the year across eight different London Boroughs.

Safer Homes

The service offers home security and safety equipment installations and advice to older and disabled people, to families with children under five and to people who have experienced domestic violence, burglary or hate crime. Safer Homes visited 187 properties. Home safety assessments were carried out for 98 households, fitting over 600 pieces of safety, security and fire safety equipment. 63 small jobs were completed, 42 ‘home essentials’ tasks were carried out, and we fitted draught proofing for 18 households.

Keep Active Hammersmith & Fulham

KA H&F is a volunteer delivered project, run in partnership with H&F NHS Rehabilitation Services, helping older people to be independent in their homes after a fall or period of illness. Referrals are made by Community Rehabilitation Teams (e.g. Community Independence Services, Falls Prevention and Neurological Rehabilitation Teams) for clients including those classed as clinically vulnerable or suffering from debilitating conditions such as Parkinson’s disease, and life changing incidents such as strokes. In the year, the service helped 85 people. This year Keep Active started a new strength and balance exercise class for clients and members of the community aged 60+. 37 classes took place with 264 attendances.

Financial Review

Income for the year was £844,857, and increase of £78,515 on the previous year, so a good result. Expenditure was £824,079, leaving a surplus of £20,778 (2023/24: £4,302).

Fundraising Activity & Performance

Fundraised income was up £78,515 from the previous year, partly offset by the £62,039 increase in expenditure. This is a relatively good outcome in view of the economic climate.

The Creighton Centre employs a 21 hour per week fundraiser, who concentrates mainly on applications to trusts and foundations. The charity does not use commercial fundraisers. The charity raises some donations from the general public, both online through our website and in person at our centre. We are registered with the Fundraising Regulator.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Principal risks and uncertainties

Risk Management

The Trustees maintain a detailed risk register and ensure that strategies are in place to minimise organisational risk. A range of policies and procedures, updated regularly, are in place to guard against major financial and operational risks, and risk management underpins strategic planning.

In the normal course of events, trustees consider the principal risks to be financial (lack of funding, reduced reserves), operational (IT system failure, for example) and strategic (competition from other agencies, the political environment). These risks are reviewed regularly via management accounts and financial projections and assessments by the Chief Executive and management team, reported to the trustees. Clearly, future pandemics are a concern and are now included in the charity’s risk register.

Reserves policy and going concern

Reserves Policy

The trustees consider that ensuring an adequate level of reserves is an essential part of their fiduciary duty. Reserves help the charity cope with unforeseen events and opportunities. Every year a thorough assessment is undertaken of the risks and opportunities attached to our work, including consideration of the income base, staffing situation, organisational risks and strategic aims, including the redevelopment of the building. Designated and general funds for 2024/25 were £521,750 in total (£450,000 and £71,750 respectively).

£200,000 of the reserves (including £132,000 from the sale of the investment portfolio) are designated as funds for maintenance of the existing building and redevelopment of a new building.

The trustees confirm that the current level of reserves is broadly in line with their target of £514,000. In calculating the target figure, a number of factors are taken into account, including staff redundancy costs, building maintenance, replacement of equipment and monies to continue projects in the event of shortfalls in external funding.

A full analysis of reserves and designated funds and the reasons for holding them can be found in note 19 to the accounts.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Within unrestricted funds, £935,124 were property revaluation funds relating to the charity’s freehold property and £1,500,000 were fair value reserves.

Despite the coronavirus pandemic (and the possibility of others) and economic issues since, trustees believe The Creighton Centre remains a going concern and there are no material uncertainties. Trustees believe that Creighton Centre services are sufficiently adaptable to meet clients’ needs and the requirements of funding bodies.

Plans for the future

We assume that we will continue to offer vital services for our clients and plan to:

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 27 June 1996 and registered as a charity on 8 November 1996.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

The charity is controlled by a board of trustees who make all the strategic decisions for the charity. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 8 to the accounts.

The day-to-day operations are delegated to the senior management team. The pay of management personnel (apart from the Chief Executive) is governed by National Joint Council for Local Government Services (NJC) pay scales. The CE does not receive annual increments in line with the NJC scales but does get public sector cost of living increases as negotiated by the NJC and trade unions.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Appointment of trustees

The board of trustees meets nine times a year. At the Annual General Meeting one third of trustees retire by rotation and are eligible for re-election. The board can also co-opt additional trustees during the year, who hold office until the next AGM, when they may be re-appointed. The board of trustees elects the Chair and Treasurer. When necessary, trustees are recruited through the media and specialist recruitment agencies.

On appointment, trustees complete a register of interests, and receive copies of the charity’s accounts, Memorandum & Articles of Association, and major policies. Trustees are encouraged to take up volunteer roles in BCH’s various projects and to participate in training opportunities.

Trustee induction and training

All new trustees go through a recruitment and induction process and are selected with a view to ensuring that the board has an appropriate mix of skills and experience relevant to BCH’s strategic and operational requirements. Regular trustee skills audits help to identify any gaps in skills or experience, and these are addressed by advertising openly through a variety of media.

Related parties and relationships with other organisations

BCH works with a range of other third sector, statutory and private organisations, but currently has no formal working partnerships.

Funds held on behalf of others

As part of the Care and Repair service, The Creighton Centre applies for grants for home improvements and repairs from the local authority and housing associations and undertakes or oversees the care and repair works on behalf of the clients. The clients' grants are paid directly into a special care and repair client bank account and records are kept to note how much money has been received for each client and how much has been spent. At the year end, £16,837 was held in the client bank account on behalf of clients.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Statement of responsibilities of the trustees

The trustees of The Creighton Centre (who are also directors of Bishop Creighton House Settlement for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which 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 these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and 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.

In so far as the trustees are aware:

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2025 was six (2024: six). The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

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Bishop Creighton House Settlement

Trustees’ annual report

For the year ended 31 March 2025

Auditors

Moore Kingston Smith LLP were appointed as the charitable company’s auditors during the year and have expressed their willingness to continue in that capacity.

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies’ exemption.

The trustees’ annual report was approved by the trustees on 3 December 2025 and signed on their behalf by

Lee Smith

Raika Hadipour

Chair of Trustees

Treasurer

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Bishop Creighton House Settlement

Independent auditor’s report

For the year ended 31 March 2025

Independent auditor’s report to the members of Bishop Creighton House Settlement

Opinion

We have audited the financial statements of Bishop Creighton House Settlement (‘the company’) for the year ended 31 March 2025 which comprise the Statement of Financial Activities (incorporating an income and expenditure account), the Balance Sheet, the Statement of Cash Flows and notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’ (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

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 Auditor’s Responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained 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 other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and,

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Bishop Creighton House Settlement

Independent auditor’s report

For the year ended 31 March 2025

except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

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 course of 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 there is 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.

Opinion on Other Matters Prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on Which We Are Required to Report By Exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

Responsibilities of Trustees

As explained more fully in the trustees’ responsibilities statement set out on page 10, 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 free 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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Bishop Creighton House Settlement

Independent auditor’s report

For the year ended 31 March 2025

Auditor's Responsibilities for the Audit of the Financial Statements

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 an auditor’s report 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 aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

As part of an audit in accordance with ISAs (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also:

We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.

Explanation as to what extent the audit was considered capable of detecting irregularities, including fraud

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below.

The objectives of our audit in respect of fraud, are; to identify and assess the risks of material misstatement of the financial statements due to fraud; to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatement due to fraud, through designing and implementing appropriate responses to those

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Bishop Creighton House Settlement

Independent auditor’s report

For the year ended 31 March 2025

assessed risks; and to respond appropriately to instances of fraud or suspected fraud identified during the audit. However, the primary responsibility for the prevention and detection of fraud rests with both management and those charged with governance of the charitable company.

Our approach was as follows:

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

Use of Our Report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to any party other than the charitable company and charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Tim Hardy

For and on behalf of Moore Kingston Smith LLP

Chartered Accountants and statutory auditors

10 Orange Street, Haymarket, London, WC2H 7DQ

11/12/2025

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Bishop Creighton House Settlement

Statement of financial activities (incorporating an income and expenditure account) For the year ended 31 March 2025

Unrestricted
Note
£
Income from:
Donations and Legacies
2
65,986
Charitable Activities
Community Centre
3a
46,677
Learning Disability Outreach
3b
-
Homeline
3c
-
Care and Repair
3d
130,331
Safer Homes
3e
3,590
Keep Active H&F
3f
-
Other Trading Activities
4
101,453
Investments
5
86,776
Other
10,665
Total Income
445,478
Expenditure on:
Raising Funds
Cost of raising funds
30,705
Cost of trading and investment management
179,789
Charitable Activities
Community Centre
46,677
Learning Disability Outreach
-
Homeline
-
Care and Repair
111,910
Safer Homes
3,590
Keep Active H&F
-
Property Redevelopment
-
Total Expenditure
6
372,671
Net income/(expenditure) before net gains /
(losses) on investments
72,807
Net (losses) on investments
14
-
Unrealised gains on investment properties
13
60,000
Net income/(expenditure) for the year
7
132,807
Transfers between funds
19a
(49,315)
Net movement in funds
83,492
Reconciliation of funds:
Total funds brought forward
2,873,382
Total funds carried forward
19
2,956,874		 Restricted
£
6,119
20,908
66,831
142,411
41,720
68,758
52,503
-
82
47
399,379
-
-
13,466
103,584
150,445
41,780
79,167
53,239
9,727
451,408
(52,029)
-
-
(52,029)
49,315
(2,714)
519,577
516,863		 2025
Total
£
72,105
67,585
66,831
142,411
172,051
72,348
52,503
101,453
86,858
10,712		 Unrestricted
£
6,280
44,041
-
-
110,732
3,910
-
102,390
78,318
6,471		 Restricted
£
5,141
19,987
99,915
127,970
41,720
70,871
48,500
-
96
-
414,200
-
-
24,563
105,553
132,748
41,780
69,475
57,589
9,727
441,435
(27,235)
-
-
(27,235)
7,227
(20,008)
539,585
519,577		 2024
Total
£
11,421
64,028
99,915
127,970
152,452
74,781
48,500
102,390
78,414
6,471
844,857 352,142 766,342
30,705
179,789
60,143
103,584
150,445
153,690
82,757
53,239
9,727		 25,579
163,755
44,041
-
-
83,320
3,910
-
-		 25,579
163,755
68,604
105,553
132,748
125,100
73,385
57,589
9,727
824,079 320,605 762,040
20,778
-
60,000		 31,537
(7,221)
100,000		 4,302
(7,221)
100,000
80,778
-		 124,316
(7,227)		 97,081
-
80,778
3,392,959		 117,089
2,756,293		 97,081
3,295,878
3,473,737 2,873,382 3,392,959

All the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 19 to the financial statements.

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Bishop Creighton House Settlement

Balance Sheet

As at 31 March 2025

Company no. 3217598
2025
Note
£
£
£
Fixed assets
Tangible assets
12
1,446,108
Investment Properties
13
1,500,000
Investments
14
-

2,946,108
Current assets
Debtors
15
73,895
58,711
Cash at bank and in hand
21
590,393
595,096


664,288
653,807
Liabilities
Creditors: amounts falling due within one year
16
136,659
176,779


Net current assets
527,629

Total net assets
18
3,473,737
The funds of the charity
19
Restricted income funds
516,863
Unrestricted income funds
Designated funds
450,000
453,000
Property revaluation reserve
935,124
955,232
Fair value reserve
1,500,000
1,440,000
General
71,750
25,150


Total unrestricted funds
2,956,874

Total charity funds
3,473,737
Approved by the trustees on 3 December 2025 and signed on their behalf by
Lee Smith
Raika Hadipour
Chair of Trustees
Treasurer		 2024
£
1,475,931
1,440,000
-
2,915,931





477,028
3,392,959
519,577





2,873,382
3,392,959

17

Bishop Creighton House Settlement

Statement of cash flows

For the year ended 31 March 2025

Reconciliation of net income to net cash flow from operating activities

Net income for the reporting period (as per the statement of financial activities)
Depreciation charges
Losses on investments
(Gains) on investment properties
Dividends, interest and rent from investments
(Increase) / Decrease in debtors
(Decrease) in creditors
Net cash used by operating activities
2025
£
£
Cash flows from operating activities
Net cash used by operating activities
(83,947)
Cash flows from investing activities:
Dividends, interest and rents from investments
86,858
Decrease/(Increase) in cash held by investment manager
-
Purchase of fixed assets
(7,614)
Proceeds from sale of investments
-
Purchase of investments
-
Net cash provided by investing activities
79,244
Change in cash and cash equivalents in the year
(4,703)
Cash and cash equivalents at the beginning of the year
595,096
Cash and cash equivalents at the end of the year
590,393		 2025
£
80,778
37,437
-
(60,000)
(86,858)
(15,184)
(40,120)
(83,947)
£
78,414
4,914
(743)
132,266
(7,806)		 2024
£
97,081
36,669
7,221
(100,000)
(78,414)
17,823
(49,432)
(69,052)
2024
£
(69,052)
207,045
137,993
457,103
595,096

18

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies

Bishop Creighton House Settlement is a charitable company limited by guarantee and is incorporated in England and Wales. The registered office address is 378 Lillie Road, London SW6 7PH.

b) Basis of preparation

The financial statements have been prepared in accordance with 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) - (Charities SORP FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

The functional currency of the charity is considered to be pounds sterling because that is the currency of the primary economic environment in which the charity operates. The financial statements are also presented in pounds sterling.

The amounts in the financial statements are presented to the nearest £, unless otherwise stated.

Accounting policies have been applied consistently throughout the year and preceding year.

c) Public benefit entity

The charitable company meets the definition of a public benefit entity under FRS 102.

d) Going concern

As mentioned in the trustees’ report, despite attendant economic issues, trustees believe BCH remains a going concern and there is no material uncertainty exists. Throughout the calendar years 2024/2025, Trustees believe that BCH services are sufficiently adaptable to meet clients’ needs and the requirements of funding bodies.

On completion of the building redevelopment, workshops, studios and new meeting space have generated income so we are now less reliant on statutory and trust funding.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that 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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised, and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the Charity or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

Other government and local authority grants are recognised at fair value when the company has entitlement after any performance conditions have been met, the receipt is probable, and the amount can be measured reliably.

19

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised based on the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

g) 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.

h) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure, which meets these criteria, is charged to the fund.

Unrestricted funds are donations and other income received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

i) Expenditure and irrecoverable VAT

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

j) Investment properties

Investment properties are measured initially at cost and subsequently included in the balance sheet at fair value. Investment properties are not depreciated. Any change in fair value is recognised in the statement of financial activities and any excess of fair value over the historic cost of the investments will be shown as a fair value reserve in the balance sheet.

20

Bishop Creighton House Settlement

For the year ended 31 March 2025

Notes to the financial statements

k) Allocation of support costs

Expenditure is allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis, which are an estimate, based on staff time, of the amount attributable to each activity.

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities based on the average number of staff involved in each activity.

• Community Centre 6%
• Learning Disability Outreach 14%
• Homeline 22%
• Care and Repair 26%
• Safer Homes 13%
• Keep Active H&F 9%
• Support costs 8%
• Governance costs 2%

Support and governance costs are re-allocated to each of the activities on the following basis, which is an estimate, based on staff time, of the amount attributable to each activity.

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

l) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities based on the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

21

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

1 Accounting policies (continued)

m) Listed investments

Investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. Any change in fair value will be recognised in the statement of financial activities and any excess of fair value over the historic cost of the investments will be shown as a fair value reserve in the balance sheet. Investment gains and losses, whether realised or unrealised, are combined and shown in the heading “Net gains/ (losses) on investments” in the statement of financial activities. The charity does not acquire put options, derivatives or other complex financial instruments.

n) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

o) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users.

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans, which are subsequently measured at amortised cost using the effective interest method.

q) Pensions

The charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the charity in an independently administered fund. The pension cost charge represents contributions payable under the scheme by the charity to the fund. The charity has no liability under the scheme other than for the payment of those contributions.

r) Operating leases

The charity classifies the lease of equipment as an operating lease as the title remains with the lessor. Rental charges are charged on a straight-line basis over the term of the lease.

s) Judgements and estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies. The key assumptions concerning the future and key sources of estimation of uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year include:

•the valuation of the investment property. The property has been valued at £1,500,000 based on estimates provided by Lets Do Business.

22

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

2 Income from donations and legacies

Income from donations and legacies
2025 2024
Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
£ £ £ £ £ £ £
Donations received from Charitable Trusts 1,700 - 1,700 5,970 5,970 - 5,970
Legacies 62,153 - 62,153 - - - -
Other donations 2,133 6,119 8,252 310 310 5,141 5,451
65,986 6,119 72,105 6,280 6,280 5,141 11,421
Income from charitable activities
2025 2024
Unrestricted Restricted Total Unrestricted Unrestricted Restricted Total
£ £ £ £ £ £ £
LBHF – 3rdSector Investment Fund - 20,748 20,748 - - 19,950 19,950
H&F Giving Winter Fund - 120 120
Room hires 46,677 - 46,677 44,041 44,041 - 44,041
Other income - 40 40 - - 37 37
a) Sub-total for Community Centre 46,677 20,908 67,585 44,041 44,041 19,987 64,028
LBHF – Adult Social Care Grant - - 15,000 15,000 - - 20,000 20,000
YBS Charitable Foundation - - 1,000 1,000 - - - -
R G Hills Charitable Trust - - 1,500 1,500 - - - -
David Family Foundation - - 3,000 3,000 - - - -
W G Edwards Charitable Foundation - - - - - - 4,137 4,137
City Bridge Trust - - - - - - 23,695 23,695
The Woodroffe Benton - - 4,345 4,345 - - 8,655 8,655
Garfield Weston Foundation - - 14,671 14,671 - - 20,329 20,329
Dr Edwards and Bishop Kings Fulham Charity - - 4,589 4,589 - - - -
The February Foundation - - 5,000 5,000 - - - -
Edward Gostling Foundation - - 5,863 5,863 - - - -
The 29thMay 1961 Charity - - - - - - 4,000 4,000
Baily Thomas Charitable Fund - - 3,753 3,753 - - - -
H&F Giving Winter Fund - - 2,100 2,100 - - - -
The Sir James Roll Charitable Trust - - - - - - 750 750
Awards for all - - - - - - 3,270 3,270
The Daisy Trust - - - - - - 2,000 2,000
Kathleen Beryl Sleigh Charitable Trust - - - - - - 2,500 2,500
FB Coales No 4 (Family) Trust - - - - - - 1,000 1,000
Veolia UK-Veolia’s Sustainability Fund - - 1,040 1,040 - - 1,170 1,170
The CPF Trust - - - - - - 1,000 1,000
The Tendril Trust - - - - - - 1,000 1,000
Hammersmith United Charities - - 4,970 4,970 - - 2,845 2,845
United in Hammersmith & Fulham - - - - - - 981 981
Other income - - - - - - 2,583 2,583
b) Sub-total for Learning Disability Outreach - 66,831 66,831 - 99,915 99,915

3 Income from charitable activities

23

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

3 Income from charitable activities (continued)

Unrestricted
£
LBHF – 3rdSector Investment Fund
-
Masonic Charitable Foundation
-
The Field Family Charitable Trust
-
Charity of Sir Richard Whittington
-
H&F Giving Winter Fund
-
Awards for All
-
National lottery Community Fund
-
United in Hammersmith and Fulham
-
Hammersmith United Charities
-
The Oliver Morland Charitable Trust
-
c) Sub-total for Homeline
-
LBHF – Adult Social Care Grant
-
Fee Income
130,331
d) Sub-total for Care & Repair
130,331
LBHF – 3rdSector Investment Fund
-
Masonic Charitable Foundation
-
Hammersmith United Charities
-
United in Hammersmith & Fulham
-
Charity of Sir Richard Whittington
-
H&F Giving Winter Fund
-
Innholders’ Charitable Foundation
-
National Lottery Community Fund
-
Groundwork UK
-
Fee Income
3,590
Other income
-
e) Sub-total for Safer Homes
3,590
LBHF – 3rdSector Investment Fund
-
Charity of Sir Richard Whittington
-
Awards for All
-
The Lennox Hannay Charitable Trust
-
The Frognal Trust
-
Edward Gostlin Foundation
-
Dr Edwards and Bishop Kings Fulham Charity
-
d) Sub-total for Keep Active H&F
-
Total Income from Charitable Activities
180,598		 Restricted
£
70,980
14,373
-
13,618
4,020
7,787
31,049
584
-
-
142,411
41,720
-
41,720
54,600
2,340
-
550
2,330
1,460
1,126
4,727
1,125
-
500
68,758
43,680
1,997
5,326
1,500
-
-
-
52,503
393,131		 2025
Total
Unrestricted
£
£
70,980
-
14,373
-
-
-
13,618
-
4,020
-
7,787
31,049
-
584
-
-
-
-
-
142,411
-
41,720
-
130,331
110,732
172,051
110,732
54,600
-
2,340
-
-
-
550
-
2,330
1,460
1,126
4,727
-
1,125
3,590
3,910
500
-
72,348
3,910
43,680
-
1,997
-
5,326
-
1,500
-
-
-
-
-
-
-
52,503
-
573,729
158,683		 Restricted
£
68,250
21,500
2,000
-
-
30,769
359
4,692
400
127,970
41,720
-
41,720
52,500
3,500
1,877
79
4,582
-
8,333
70,871
42,000
-
-
-
2,750
1,667
2,083
48,500
408,963		 2024
Total
£
68,250
21,500
2,000
-
-
30,769
359
4,692
400
127,970
41,720
110,732
152,452
52,500
3,500
1,877
79
4,582
3,910
8,333
74,781
42,000
-
-
-
2,750
1,667
2,083
48,500
567,646

24

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

4 Income from other trading activities

ncome from other trading activities
Unrestricted
£
Office Rent
53,648
Workshop Licence
35,428
Other Income
12,377
101,453
ncome from investments
Unrestricted
£
Garden House rental income
72,917
Dividends
-
Bank interest
13,859
86,776		 Restricted
£
-
-
-
-
Restricted
£
-
-
82
82		 2025
Total
Unrestricted
£
£
53,648
51,800
35,428
35,310
12,377
15,280
101,453
102,390
2025
Total
Unrestricted
£
£
72,917
65,587
-
2,814
13,941
9,917
86,858
78,318		 Restricted
£
-
-
-
-
Restricted
£
-
-
96
96		 2024
Total
£
51,800
35,310
15,280
102,390
2024
Total
£
65,587
2,814
10,013
78,414

5 Income from investments

25

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

6a Analysis of expenditure (Current year)

Staff costs (note 8)
Other staff costs
Volunteer costs
Beneficiary costs
Premises
Office costs
Legal & professional fees
Tools & materials
Insurance
Fundraising
Depreciation
Bad debt written off
Provision of doubtful debts
Others
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 Raising funds
Cost of
raising
funds
Cost of
trading &
investment
management
Community
Centre
£
£
£
5,983
1,225
29,025
921
1,381
-
-
-
331
-
-
120
-
57,240
409
-
6,747
30
-
48,417
-
-
-
-
1,260
1,934
-
3,580
-
-
530
22,555
-
-
708
-
-
409
-
-
302
7
12,274
140,918
29,922
11,070
31,511
27,256
7,361
7,360
2,965
30,705
179,789
60,143
25,579
163,755
68,604		 Charitable Activities
Learning
Disability
Outreach Homeline
Care and
Repair
Safer
Homes
Keep Active
H&F
Property
Redevelopment
Governance
costs
£
£
£
£
£
£
£
62,074 100,466 126,481
46,527
39,611
-
-
392
1,514
191
4,920
124
-
-
65
1,508
-
-
522
-
-
6,636
5,710
-
2,746
2,400
-
-
-
14
-
-
-
-
-
598
1,481
2,323
1,605
517
-
40
-
-
329
-
-
-
10,998
-
-
7
5,080
-
-
-
-
-
1,096
-
-
-
300
-
298
-
108
108
-
80
240
327
281
3,690
88
9,727
-
-
-
950
-
-
-
-
-
-
-
-
-
-
-
-
-
100
32
-
-
-
70,005 111,318 131,758
64,708
43,370
9,727
11,418
27,170
28,379
12,998
13,350
5,374
-
41,553
6,409
10,748
8,934
4,699
4,495
-
(52,971)
103,584 150,445 153,690
82,757
53,239
9,727
-
105,553 132,748 125,100
73,385
57,589
9,727
-		 Support
costs
£
156,779
1,235
-
-
-
26,211
1,696
-
10,266
1,566
-
-
-
908
198,661
(198,661)
-
-
-		 2025
Total
£
568,171
10,678
2,426
17,612
57,663
39,552
61,440
5,087
14,856
5,740
37,438
1,658
409
1,349
824,079
-
-
824,079
762,040

26

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

6b Analysis of expenditure (prior year)

Staff costs (note 8)
Other staff costs
Volunteer costs
Beneficiary costs
Premises
Office costs
Legal & professional fees
Tools & materials
Insurance
Fundraising
Depreciation
Bad debt written off
Provision of doubtful debts
Others
Investment manager's fees
Support costs
Governance costs
Total expenditure 2024		 Raising funds
Cost of
raising
funds
Cost of
trading &
investment
management
£
£
4,888
863
753
81
-
-
-
-
-
78,477
-
10,104
-
11,892
-
-
1,108
1,924
2,490
-
410
22,106
-
806

-
1,217
-
185

-
875
9,649
128,530
9,753
29,047
6,177
6,178
25,579
163,755		 Charitable activities Charitable activities Charitable activities Charitable activities Keep
Active
H&F
Property
Redevelopment
Governance
costs
£
£
£
39,336
-
-
61
-
-
373
-
-
1,962
-
-
-
-
-
504
-
60
-
-
10,667
-
-
-
-
-
300
106
-
100
-
9,727
-
-
-
-
-
-
-
-
-
-
-
-
-
42,342
9,727
11,127
11,044
-
35,954
4,203
-
(47,081)
57,589
9,727
-		 Support
costs
£
145,127
530
-
-
-
37,630
2,315
-
9,226
1,817
-
-
-
566
-
197,211
(197,211)
-
-
 2024
Tota
£
505,237
6,737
1,799
18,139
85,623
52,960
25,095
2,289
18,587
4,891
36,669
806
1,217
1,116
875
Community
Centre
£
27,552
-
221
-
7,146
-
-
-
-
-
-
-
-
-
-
34,919
30,961
2,724
68,604		 Learning
Disability
Outreach Homeline
£
£
62,747
86,907
-
60
13
1,192
7,340
8,035
-
-
493
1,217
-
-
-
-
-
-
7
273
240
238
-
-
-
-
-
5
-
-
70,840
97,927
28,142
26,083
6,571
8,738
105,553 132,748
Care and
Repair

£

97,663

127

-

-

-

1,927

63

-

1,029

-

448

-

-

74

-
101,331

15,775

7,994
125,100		 Safer
Homes
£
40,154
5,125
-
802
-
1,025
158
2,289
5,000
98
3,500
-
-
286
-
58,437
10,452
4,496
73,385
97,927
26,083
8,738		 762,040
-
-
132,748 762,040
27

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

7 Net income / (expenditure) for the year

This is stated after charging /crediting

This is stated after charging /crediting
2025 2024
£ £
Depreciation 37,437 36,669
Lease payments on equipment 5,946 5,687
Interest receivable 13,941 10,013
Auditors’ remuneration (excluding VAT) - Audit 8,650 8,400

8 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
2025 2024
£ £
Salaries and wages 472,431 430,671
Social security costs 46,002 41,180
Employer’s contribution to defined contribution pension schemes 21,215 19,582
Temporary staff and consultants’ remuneration 28,523 13,805
568,171 505,238

No employee earned more than £60,000 during the year (2024: £nil).

The total employee benefits, comprising gross salaries, pension contributions and employer's national insurance contributions of the key management personnel were £227,519 (2024: £215,072) which is incurred by 4 (2024: 4) staff.

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

Trustees' expenses represent the payment or reimbursement of travel and subsistence costs totalling £nil (2024: £Nil) incurred by nil (2024: Nil) members relating to attendance at meetings of the trustees.

9 Staff numbers

The average number of employees throughout the year, calculated on a full-time equivalent basis was:

:
2025 2024
No. No.
Director and core staff 3.0 2.8
Community Centre 0.5 0.5
Care & Repair project 1.8 1.7
Homeline 2.4 2.0
Keep Active H&F 1.0 1.0
Learning Disability Outreach 1.5 1.5
Safer Homes 1.0 1.0
11.2 10.5

The average number of staff on a head count basis in the year was 17 (2024: 17).

28

Bishop Creighton House Settlement

Notes to the financial statement

For the year ended 31 March 2025

10 Related party transactions

Aggregate donations from the trustees were £nil (2024: £1,255).

During the year Lee Smith, a trustee & director of Kingsmith Care Limited, rented an office and hired rooms from the charity on an arm’s length basis, which occurred in the normal course of the charity's activities. As at the year-end the balance owed to the charity from Kingsmith Care Limited was £nil (2024: £51). The charity also held a deposit equivalent to one-month rent.

11 Taxation

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

12 Tangible fixed assets

Cost or valuation
At the start of the year
Additions
Disposals
At the end of the year
Depreciation
At the start of the year
Charge for the year
Disposals
At the end of the year
Net book value
At the end of the year
At the start of the year		 Freehold
property
£
1,377,500
-
-
1,377,500
422,268
20,108
-
442,376
935,124
955,232		 Building &
Freehold
improvements
Fixtures and
fittings
Motor
vehicles
£
£
£
566,511
55,076
14,000
-
2,695
-
-
(2,144)
-
566,511
55,627
14,000
93,952
15,115
8,458
9,726
2,447
3,500
-
(2,144)
-
103,678
15,418
11,958
462,833
40,209
2,042
472,559
39,961
5,542		 Computer
Equipment
Total
£
£
26,775
2,039,862
4,919
7,614
(12,195)
(14,339)
19,499
2,033,137
24,138
563,931
1,656
37,437
(12,195)
(14,339)
13,599
587,029
5,900
1,446,108
2,637
1,475,931

The freehold property was valued in 1999 under transitional arrangements in force at that time. The 1999 valuation has been accepted as the carrying value. On incorporation of the charity and transfer from the unincorporated entity the historic cost was £Nil.

Included within the cost of freehold property of £1,377,500 is an amount for land of £372,100. This amount has not been depreciated.

Included within the cost of building & freehold improvements of £566,511 is an amount for buildings of £26,501 and for freehold improvements of £540,010.

All of the above assets are used for charitable purposes.

29

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

13 Investment properties

Fair value at the start of the year
Increase in Fair value
Fair value at the end of the year		 2025
£
1,440,000
60,000
1,500,000		 2024
£
1,340,000
100,000
1,440,000

The properties were valued on 9 June 2025 by Lets Do Business.

14 Investments

Fair value at the start of the year
Additions in the year
Disposals at opening market value
Net (loss) on change in fair value
Cash held by investment broker pending reinvestment
Fair value at the end of the year
Historic cost at the end of the year
Investments comprise:
Cash held for investments
Listed investments		 2025
£
-
-
-
-
-
-
-
-
2025
£
-
-
-		 2024
£
131,681
7,806
(132,266)
(7,221)
-
-
-
-
2024
£
-
-
-

15 Debtors

2025 2024
£ £
London Borough of Hammersmith and Fulham 41,890 60
Trade debtors 10,214 37,490
Prepayments and accrued income 21,588 20,728
Other debtors 203 433
73,895 58,711

30

Bishop Creighton House Settlement

Notes to the financial statement

For the year ended 31 March 2025

16 Creditors: amounts falling due within one year

2025 2024
£ £
Trade creditors 10,795 6,349
Taxation and social security 18,174 22,335
Accruals 32,442 42,639
Deferred income (note 17) 58,312 94,542
Other creditors 16,936 10,914
136,659 176,779

17 Deferred income

2025 2024
£ £
Balance at the beginning of the year 94,542 70,036
Amount released to income in the year (87,976) (68,903)
Amount deferred in the year 51,746 93,409
Balance at the end of the year 58,312 94,542

The deferred grants related to the amounts received in advance for which they cover the projects activities in the year 2025/26.

18a Analysis of net assets between funds (current year)

General Designated and Restricted Total Funds
Unrestricted other reserves Funds
Funds
£ £ £ £
Tangible Fixed Assets 40,446 935,124 470,538 1,446,108
Investment Properties - 1,500,000 - 1,500,000
Net Current Assets 31,304 450,000 46,325 527,629
Net Assets at the end of the year 71,750 2,885,124 516,863 3,473,737

18b Analysis of net assets between funds (prior year)

General Designated and Restricted Total Funds
Unrestricted other reserves Funds
Funds
£ £ £ £
Tangible Fixed Assets 40,434 955,232 480,265 1,475,931
Investment Properties - 1,440,000 - 1,440,000
Net Current Assets (15,284) 453,000 39,312 477,028
Net Assets at the end of the year 25,150 2,848,232 519,577 3,392,959

31

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

19a Movements in funds (current year)

At 1 April 2025
£
Restricted Funds:
Care & Repair
11,742
Care & Repair Client Support
2,757
Community Centre
18,380
Homeline
-
Keep Active H&F
165
Learning Disability Outreach
-
Property Redevelopment
480,265
Safer Homes
1,966
Safer Homes Client Support
4,302
Total Restricted Funds
519,577
Unrestricted Funds:
Designated Funds:
Cyclical Maintenance Fund
71,000
Equipment Replacement Fund
20,000
C&R Remedial Works Fund
10,000
Development & Opportunities Fund
20,000
Contingency Fund
100,000
Property Redevelopment Fund
232,000
Designated Funds per Reserves Policy
453,000
Property Revaluation Reserve
955,232
Fair Value Reserves
1,440,000
General Funds
25,150
Total Unrestricted Funds
2,873,382
Total Funds
3,392,959		 At 1 April 2025
£
Restricted Funds:
Care & Repair
11,742
Care & Repair Client Support
2,757
Community Centre
18,380
Homeline
-
Keep Active H&F
165
Learning Disability Outreach
-
Property Redevelopment
480,265
Safer Homes
1,966
Safer Homes Client Support
4,302
Total Restricted Funds
519,577
Unrestricted Funds:
Designated Funds:
Cyclical Maintenance Fund
71,000
Equipment Replacement Fund
20,000
C&R Remedial Works Fund
10,000
Development & Opportunities Fund
20,000
Contingency Fund
100,000
Property Redevelopment Fund
232,000
Designated Funds per Reserves Policy
453,000
Property Revaluation Reserve
955,232
Fair Value Reserves
1,440,000
General Funds
25,150
Total Unrestricted Funds
2,873,382
Total Funds
3,392,959		 Income &
gains
£
41,720
82
20,908
145,854
54,754
66,848
-
69,213
-










Expenditure
& losses
£
(41,720)
(60)
(13,466)
(150,445)
(53,239)
(103,584)
(9,727)
(79,167)
-
(451,408)
-
-
-
-
-
(32,000)
(32,000)
(20,108)
-
(320,563)
(372,671)
(824,079)		 Transfers
£
-
-
-
4,591
-
36,736
-
7,988
-
49,315		 At 31 March
2025
£
11,742
2,779
25,822
-
1,680
-
470,538
-
4,302		 At 31 March
2025
£
11,742
2,779
25,822
-
1,680
-
470,538
-
4,302
399,379 516,863
71,000
20,000
10,000
20,000
100,000
232,000
453,000		 24,000
5,000
-
-
-
-




-
-
-
-
-
-
-
-
-
(49,315)
(49,315)
-		 95,000
25,000
10,000
20,000
100,000
200,000
29,000 450,000
955,232
1,440,000
25,150		 -
60,000
416,478


935,124
1,500,000
71,750
2,873,382 505,478 2,956,874
3,392,959 904,857 3,473,737

32

Bishop Creighton House Settlement

Notes to the financial statement

For the year ended 31 March 2025

19b Movements in funds (prior year)

At 1 April 2024
£
Restricted Funds:
Care & Repair
11,742
Care & Repair Client Support
2,721
Community Centre
22,950
Homeline
-
Keep Active H&F
7,630
Learning Disability Outreach
-
Property Redevelopment
489,992
Safer Homes
-
Safer Homes Client Support
4,550
Total Restricted Funds
539,585
Unrestricted Funds:
Designated Funds:
Cyclical Maintenance Fund
63,000
Equipment Replacement Fund
29,900
C&R Remedial Works Fund
10,000
Development & Opportunities Fund
20,000
Contingency Fund
100,000
Property Redevelopment Fund
100,000
Designated Funds per Reserves Policy
322,900
Property Revaluation Reserve
975,340
Fair Value Reserves
1,340,000
General Funds
118,053
Total Unrestricted Funds
2,756,293
Total Funds
3,295,878		 At 1 April 2024
£
Restricted Funds:
Care & Repair
11,742
Care & Repair Client Support
2,721
Community Centre
22,950
Homeline
-
Keep Active H&F
7,630
Learning Disability Outreach
-
Property Redevelopment
489,992
Safer Homes
-
Safer Homes Client Support
4,550
Total Restricted Funds
539,585
Unrestricted Funds:
Designated Funds:
Cyclical Maintenance Fund
63,000
Equipment Replacement Fund
29,900
C&R Remedial Works Fund
10,000
Development & Opportunities Fund
20,000
Contingency Fund
100,000
Property Redevelopment Fund
100,000
Designated Funds per Reserves Policy
322,900
Property Revaluation Reserve
975,340
Fair Value Reserves
1,340,000
General Funds
118,053
Total Unrestricted Funds
2,756,293
Total Funds
3,295,878		 Income &
gains
£
41,720
96
19,993
131,109
50,124
99,965
-
71,193
-










Expenditure
& losses
£
(41,720)
(60)
(24,563)
(132,748)
(57,589)
(105,553)
(9,727)
(69,227)
(248)
(441,435)
-
(9,900)
-
-
-
-
(9,900)
(20,108)
-
(297,818)
(327,826)
(769,261)		 Transfers
£
-
-
-
1,639
-
5,588
-
-
-
7,227		 At 31 March
2024
£
11,742
2,757
18,380
-
165
-
480,265
1,966
4,302		 At 31 March
2024
£
11,742
2,757
18,380
-
165
-
480,265
1,966
4,302
539,585 414,200





519,577
63,000
29,900
10,000
20,000
100,000
100,000		 8,000
-
-
-
-
132,000		 -
-
-
-
-
-		 71,000
20,000
10,000
20,000
100,000
232,000
322,900 140,000



- 453,000
975,340
1,340,000
118,053		 -
100,000
212,142		 -
-
(7,227)		 955,232
1,440,000
25,150
2,756,293 452,142 (7,227) 2,873,382
3,295,878 866,342 - 3,392,959

33

Bishop Creighton House Settlement

Notes to the financial statements

For the year ended 31 March 2025

Purposes of restricted funds

Care and Repair Client Support Fund

The Care & Repair Client Support Fund income includes £81.62 interest earned and expenditure of £60.00 on Care and Repair Clients' Accounts (for more details see page 9).

Safer Homes Client Support Fund

The Safer Homes Client Support Fund income includes £Nil donation and expenditure of £nil spent on some repairs works which the clients cannot afford to pay.

Learning Disability Outreach (previous name: Learning Disability Services)

This project recruits, trains, supports volunteers to mentor young people with learning disabilities, and supports them to access and succeed in education and employment.

Homeline

Homeline volunteers make daily phone calls and regular visits to housebound older people.

Safer Homes

Provides home safety and security services to older people, disabled people, families with children under five and victims of domestic violence and hate crime.

Care and Repair

Care & Repair is a home improvement agency, helping older, disabled and vulnerable homeowners and private tenants to repair and adapt their homes, making them habitable, safe and accessible.

Community Centre

The centre is open seven days a week to help meet the social and educational needs of the local community.

Keep Active H&F

The project helps older people in H&F to keep mobile at home and in the community, particular after a fall or illness.

Property Redevelopment

Work for basement improvement began in March 2022 and it was completed in October 2022.

Designated Fair Value Reserves

The fair value reserves represent the Balance Sheet valuation of the investment properties

Transfers between funds

The transfer to the restricted Learning Disabilities Outreach, Safer Homes and Homeline was from unrestricted funds to meet the balance of the cost of these projects.

Purposes of designated funds

The cyclical maintenance and equipment replacement funds are set aside to cover the expenditure required to maintain the building and to replace essential equipment.

Over its first ten years, the Care & Repair Project has managed works for clients valued at over £3.5million. Legal liabilities for any remedial works are covered by professional indemnity insurance, but £10,000 is designated for situations where a negotiated settlement may be more appropriate, or to cover Insurance ‘excess’ payments.

The development & opportunities fund is intended to fund urgent development needs, opportunities for enhancements and new work.

The contingency fund is intended to cover costs in the event of an emergency.

34

Bishop Creighton House Settlement

Notes to the financial statement

For the year ended 31 March 2025

19 Movements in funds (continued)

The property redevelopment fund is intended to cover all costs incurred to the redevelopment of existing building and redevelopment of frontage in ground floor.

All designated funds are reviewed annually in accordance with the charity's reserves policy.

The property revaluation reserve represents the Balance Sheet valuation of land and buildings; the trustees intend to retain existing properties for the near future.

20 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

21 Funds held by BCH as an intermediary agent

As part of the Care and Repair service, BCH applies for grants for home improvements and repairs from the local authority and housing associations and undertakes or oversees the care and repair works on behalf of the clients. The clients' grants are paid directly into a special care and repair client bank account and records are kept noting how much money has been received for each client and how much has been spent.

BCH undertakes this service as an agent in return for a fee of 12-15%. This income is recognised in the accounts and is disclosed as earned income for care and repair.

At the year-end, £16,837 (2024: £9,166) was held in the client bank account on behalf of clients. As this money does not belong to BCH, it is not included in the balance sheet and the associated income and expenditure for client works is not recognised on the SOFA.

Interest that accrues over time on the money held in the client bank account is recognised by BCH in the accounts, but it is treated as restricted for the care and repair client support fund, so goes into the hardship fund.

22 Operating lease commitments

The charity's total future minimum lease payments under non-cancellable operating leases are as follows for each of the following periods

Equipment
2025 2024
£ £
Less than one year 4,848 8,204
One to five years 15,756 5,469
20,604 13,673

35