Charity Registration No. 1074971
WEST LONDON COMMUNITY TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020
WEST LONDON COMMUNITY TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | Sara Sinker |
|---|---|
| Ray Elliott | |
| Vicky Read | |
| Simon Richardson | |
| Charity number | 1074971 |
| Independent examiner | Summers Morgan |
| First Floor, Sheraton House | |
| Lower Road | |
| Chorleywood | |
| Hertfordshire | |
| WD3 5LH | |
| Bankers | Lloyds TSB Bank plc |
| 45 The Broadway | |
| Ealing | |
| London | |
| W5 5JU | |
| Solicitors | EDC Lord & Co |
| Link House | |
| 1200 Uxbridge Road | |
| Hayes | |
| Middlesex | |
| UB4 8JD |
WEST LONDON COMMUNITY TRUST
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 15 |
WEST LONDON COMMUNITY TRUST
TRUSTEES' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their annual report and financial statements for the year ended 31 December 2020.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Charity's declaration of trust , the Charities Act 2011 and “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 201 9 )”
Objectives and activities
Our charitable objects are to advance, encourage and promote the practice and general awareness of Christianity amongst members of the public in the Greater London Boroughs of Ealing and Hounslow.
The policies adopted in furtherance of these objects have been the purchase of housing for and the employment of Christian children and youth workers , support for the New Wine Discipleship Year Hub for West London and support for Discipleship Year Students based at St Paul's Church, Ealing.
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the trust should undertake.
Achievements and performance
The trust's activities during the year have continued to be the support of Christian youth and children’s pastors and also the support, host and manage the West London New Wine Discipleship Year training hub.
The trust acts as the host for Ealing Besom, which receives donations of good quality second-hand furniture equipment and matches this with those in need in the local community. Referrals are received from the community, via Ealing Foodbank, Social Services and other community groups.
At the start of 2020, the management and oversight of the Christians Against Poverty (CAP) Ealing Debt Centre was transferred into the trust. The debt centre provides free debt centre counselling and advice to those in the community who are approaching or in financial difficulty with the aim of supporting clients back to a place of financial stability and being debt free . This work is done in association with the national CAP charity who provide support, training and advice to the local debt manager. The debt centre was originally set up by a number of churches across Ealing following on from the ‘Soul in Ealing/Love Ealing’ initiatives several years ago but had no host organisation. In order to employ a new debt centre manager, it was agreed that the funding and management will be adopted into the trust and will operate as a restricted fund. On a day to day basis, the management of the centre is overseen by a small committee of local church leaders and by the national CAP charity. A new debt centre manager was appointed to start work in February 2021.
During the year, the oversight of Wormwood Scrubbs Community Chaplaincy transferred to Wandsworth Community Chaplaincy who are continuing to coordinate the voluntary mentors in their role of assisting prisoners both while in prison and on release.
The trust expects to continue to work across these areas with no significant change in activities in the coming year.
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WEST LONDON COMMUNITY TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Financial review
The financial transactions during the year and financial position at the end of the year are summarised in the attached accounts. Most of the t rust's income for the year came from St Pauls Church Ealing and its members. The trustees consider that the financial position at the end of the year was satisfactory.
The trust held total funds at 31st December 20 20 of £ 766,885 (201 9 : £ 742 , 866 ) of which £ 200,715 were unrestricted (201 9 : £ 190 , 015 ) and £ 566,170 (201 9 : £ 552,851 ) restricted. Of the unrestricted funds £ 200,715 (201 9 : £ 190,015 ) can only be realised by disposing of the freehold property and therefore under the Charities Commission definition, the trust has no free reserves. It is the policy of the trust that reserves be maintained at a level to maintain three to four months' average expenditure. The trust's reserves position has decreased to a level that does not fully satisfy the reserves policy and the trustees, in conjunction with the PCC, are taking steps to rectify this during 2021. We are actively seeking to overpay on our outstanding mortgages as funding allows.
The trustees set a budget annually and monitor cash flow to ensure their liabilities can be met. Consideration has been given to ways in which additional funds may be raised.
The trustees have reviewed the major risks facing the trust and are satisfied that all reasonable measures are in place to mitigate their effect. They intend to keep these matters under regular review.
Plans for future periods
The trust expects to continue to run the New Wine Discipleship Year hub in association with New Wine and Besom Ealing. In 2021, we hope that the work of the CAP Ealing debt centre, will restart and grow once the new debt centre manager is fully trained.
Structure, governance and management
The trust was established by a charitable trust deed on 26 June 1998. The trust objects are to promote the advancement and awareness of Christianity throughout West London and the London Boroughs of Ealing and Hounslow, in particular by providing assistance and support to young people, the elderly, ex offenders or others in conditions of hardship or distress as a result of social circumstances or disadvantage.
The trustees who served during the year were: Sara Sinker Ray Elliott Vicky Read Simon Richardson
The trustees receive no remuneration for their role and all are actively involved in the day to day management of the trust. The appointment of trustees is carried out in consultation with the PCC of St Paul's Church Ealing.
The trust's affairs are conducted by the trustees in conjunction with other staff and members of St Pauls Church Ealing.
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WEST LONDON COMMUNITY TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
Restricted Funds
Freehold Property Nightingale Road , 16 Studley Grange Road, 114 Studley Grange Road and 7 Rosedale Close funds w ere used for the purchase and maintenance of the named properties, within each fund, to provide housing for workers of the trust , other local Christian workers, volunteers and young people.
Prison Ministry fund is used for the work of the trust within Wormwood Scrubs prison.
The Besom fund was used for the Besom Ealing Hub which receives donations of good quality second-hand furniture and equipment and redistributes this to those in need, who have been referred by the community services such as Foodbank.
CAP Ealing Debt Centre fund is used to employ a part-time manager to provide free debt counselling services to those already in debt or in danger of falling into debt.
The trustees' r eport was approved by the Board of Trustees.
Vicky Read Trustee
20 December 2021
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WEST LONDON COMMUNITY TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST LONDON COMMUNITY TRUST
I report to the trustees on my examination of the financial statements of West London Community Trust (the trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the trustees of the trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the trust’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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1 accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
Nicholas Corden ACA (Senior Statutory Auditor) Summers Morgan
First Floor, Sheraton House Lower Road Chorleywood Hertfordshire WD3 5LH
Dated: 21 December 2021
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WEST LONDON COMMUNITY TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Unrestricted Restricted funds funds 2020 2020 Notes £ £ Income and endowments from: Donations and legacies 1,051 74,034 Charitable activities 2 17,750 9,180 Other income 3 34,393 - Total income 53,194 83,214 Expenditure on: Charitable activities 4 59,612 52,777 Net (outgoing)/incoming resources before transfers (6,418) 30,437 Gross transfers between funds 17,118 (17,118) Net income for the year/ Net movement in funds 10,700 13,319 Fund balances at 1 January 2020 190,015 552,851 Fund balances at 31 December 2020 200,715 566,170 |
Total Unrestricted Restricted funds funds 2020 2019 2019 £ £ £ 75,085 8,729 90,463 26,930 17,955 - 34,393 30,316 - 136,408 57,000 90,463 112,389 58,973 66,659 24,019 (1,973) 23,804 - 39,020 (39,020) 24,019 37,047 (15,216) 742,866 152,968 568,067 766,885 190,015 552,851 |
Total 2019 £ 99,192 17,955 30,316 147,463 125,632 21,831 - 21,831 721,035 742,866 |
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
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WEST LONDON COMMUNITY TRUST
BALANCE SHEET
AS AT 31 DECEMBER 2020
| Notes Fixed assets Tangible assets 9 Current assets Debtors 10 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets/(liabilities) Total assets less current liabilities Creditors: amounts falling due after more than one year 13 Net assets Income funds Restricted funds 14 Unrestricted funds |
2020 £ £ 1,231,468 844 62,320 63,164 (33,324) 29,840 1,261,308 (494,423) 766,885 566,170 200,715 766,885 |
2019 £ £ 1,261,748 1,537 24,956 26,493 (35,065) (8,572) 1,253,176 (510,310) 742,866 552,851 190,015 742,866 |
|---|---|---|
The financial statements were approved by the Trustees on 20 December 2021
Vicky Read Trustee
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
1.1 Accounting convention
The financial statements have been prepared in accordance with the Charity's declaration of trust, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The trust is a Public Benefit Entity as defined by FRS 102.
The trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
1.4 Incoming resources
Donations are credited in the accounts when they are received. Income tax recoverable on Gift Aid donations is credited at the same time as the related donation.
1.5 Resources expended
Expenditure is recognised in the accounts at the time when a liability to make payment is incurred.
1.6 Tangible fixed assets
Tangible fixed assets other than freehold land are stated at cost less depreciation.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Land and buildings 2% per annum on cost Plant and machinery 25% per annum on net value
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
1 Accounting policies
(Continued)
1.8 Financial instruments
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 amortised cost.
2 Charitable activities
| Unrestricted funds Restricted funds 2020 2020 £ £ Discipleship year income 17,750 - Christians against poverty income - 9,180 17,750 9,180 Analysis by fund Unrestricted funds 17,750 - Restricted funds - 9,180 17,750 9,180 |
Total 2020 Unrestricted funds 2019 £ £ 17,750 17,955 9,180 - 26,930 17,955 17,750 17,955 9,180 - 26,930 17,955 |
|---|---|
3 Other income
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2020 | 2019 | |
| £ | £ | |
| Rental income | 34,393 | 30,316 |
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
4 Charitable activities
| Discipleship Year Prison Ministry The Besom St Pauls Ealing 2020 2020 2020 2020 £ £ £ £ Staff costs 5,746 1,844 - - Depreciation and impairment - - - 30,280 Direct costs 5,858 350 177 11,424 11,604 2,194 177 41,704 Grant funding of activities (see note 5) - - - 33,416 Share of support costs (see note 6) 3,008 1,934 430 16,115 Share of governance costs (see note 6) 201 130 29 1,080 14,813 4,258 636 92,315 Analysis by fund Unrestricted funds 12,098 319 71 47,124 Restricted funds 2,715 3,939 565 45,191 14,813 4,258 636 92,315 |
CAP 2020 £ - - 367 367 - - - 367 - 367 367 |
Total 2020 £ 7,590 30,280 18,176 56,046 33,416 21,487 1,440 112,389 59,612 52,777 112,389 |
Total 2019 £ 15,708 30,285 9,168 55,161 30,290 38,721 1,460 125,632 58,973 66,659 125,632 |
|---|---|---|---|
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
4 Charitable activities (Continued)
For the year ended 31 December 2019
| Discipleship Year Prison Ministry The Besom St Pauls Ealing £ £ £ £ Staff costs 4,656 11,052 - - Depreciation and impairment - - - 30,285 Direct costs 7,891 663 614 - 12,547 11,715 614 30,285 Grant funding of activities (see note 5) - - - 30,290 Share of support costs (see note 6) 2,086 1,374 349 34,912 Share of governance costs (see note 6) 202 133 34 1,091 14,835 13,222 997 96,578 Analysis by fund Unrestricted funds 13,249 462 118 45,144 Restricted funds 1,586 12,760 879 51,434 14,835 13,222 997 96,578 Grants payable Total 2020 £ Grants to institutions: St Pauls Ealing Church 33,416 |
Total 2019 £ 15,708 30,285 9,168 55,161 30,290 38,721 1,460 125,632 58,973 66,659 125,632 Total 2019 £ 30,290 |
|---|---|
5 Grants payable
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 6 Support costs Support costs Governance costs £ £ Premises expenses 2,096 - Administrative expenses 19,391 - Independent examination fees - 1,440 21,487 1,440 |
2020 Support costs Governance costs £ £ £ 2,096 13,002 - 19,391 25,719 - 1,440 - 1,460 22,927 38,721 1,460 |
2019 £ 13,002 25,719 1,460 40,181 |
|---|---|---|
Support and governance costs are allocated to the charitable activities on the basis of income allocation within the accounting period as identified. This is currently 14% to Discipleship Year, 9% to Prison Ministry, 2% to The Besom and 75% to St Pauls Ealing. The exception to this is support costs wholly incurred in respect of a charitable activity, where the full cost is allocated to the relevant activity.
Governance costs includes payments to the Independent examiner of £1,440 (2019 - £1,460) for Independent Examination and accountancy fees.
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or reimbursement of expenses during the year.
8 Employees
Number of employees
The average monthly number of employees during the year was:
| 2020 | 2019 | |
|---|---|---|
| Number | Number | |
| DY students and Pastoral support | 1 | 2 |
| Employment costs | 2020 | 2019 |
| £ | £ | |
| Wages and salaries | 7,566 | 15,708 |
| Other pension costs | 24 | - |
| 7,590 | 15,708 |
There were no employees whose annual remuneration was £60,000 or more.
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 9 Tangible fixed assets Cost At 1 January 2020 At 31 December 2020 Depreciation and impairment At 1 January 2020 Depreciation charged in the year At 31 December 2020 Carrying amount At 31 December 2020 At 31 December 2019 10 Debtors Amounts falling due within one year: Other debtors Prepayments and accrued income 11 Loans and overdrafts Bank loans Payable within one year Payable after one year |
Land and buildings £ 1,513,333 1,513,333 251,638 30,267 281,905 1,231,428 1,261,695 |
Plant and machinery £ 1,269 1,269 1,216 13 1,229 40 53 2020 £ - 844 844 2020 £ 511,619 17,196 494,423 |
Total £ 1,514,602 1,514,602 252,854 30,280 283,134 1,231,468 1,261,748 2019 £ 720 817 1,537 2019 £ 528,737 18,427 510,310 |
|---|---|---|---|
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
11 Loans and overdrafts
(Continued)
A Mortgage was obtained in October 2008 from Kingdom Bank Limited to assist in the purchase of 16 Studley Grange Road, London which cost £319,000 freehold. This is a capital repayment loan, repayable over 20 years at a rate of 2.5% over the Kingdom Bank Limited base rate. The amount outstanding at 31st December 2020 was £38,209.01.
A Mortgage was obtained in May 2013 from Kingdom Bank Limited to assist in the purchase of 114 Studley Grange Road, London which cost £386,000 freehold. This is a capital repayment loan, repayable over 29 years and 5 months at a rate of 5% over the Kingdom Bank Limited base rate. The amount outstanding at 31st December 2020 was £28,852.05.
A Mortgage was obtained in November 2015 from Kingdom Bank Limited to assist in the purchase of 7 Rosedale Close, London which cost £515,000 freehold. This is a capital repayment loan, repayable over 30 years at a rate of 3.5% over the Kingdom Bank Limited base rate. The amount outstanding at 31st December 2020 was £444,557.62.
12 Creditors: amounts falling due within one year
| Notes Bank loans 11 Other creditors Accruals and deferred income Creditors: amounts falling due after more than one year Notes Bank loans 11 |
2020 £ 17,196 2,988 13,140 33,324 2020 £ 494,423 |
2019 £ 18,427 2,988 13,650 35,065 2019 £ 510,310 |
|---|---|---|
13 Creditors: amounts falling due after more than one year
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2020
14 Restricted funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
| Balance at 1 January 2019 £ For Freehold Property Nightingale Road 167,921 For Freehold Property 16 Studley Grange Road 183,832 For Prison Ministry 11,285 For Freehold Property 114 Studley Grange Road 194,694 For Freehold Property 7 Rosedale Close 3,385 For Besom 6,950 For Christians against poverty - 568,067 |
Movement in funds Incoming resources Resources expended £ £ 2,406 (7,215) 9,237 (12,323) 10,440 (11,715) 9,223 (11,412) 57,583 (23,381) 1,575 (614) - - 90,464 (66,660) |
Transfers Balance at 1 January 2020 £ £ - 163,112 (1,271) 179,474 - 10,010 (5,506) 186,999 (32,243) 5,345 - 7,911 - - (39,020) 552,851 |
Movement in funds Incoming resources Resources expended £ £ 2,202 (7,011) 5,785 (11,149) 518 (2,194) 7,433 (11,345) 32,701 (20,534) 1,542 (178) 33,032 (365) 83,213 (52,776) |
Transfers Balance at 31 December 2020 £ £ - 158,303 (1,204) 172,906 - 8,334 (3,935) 179,152 (11,979) 5,533 - 9,275 - 32,667 (17,118) 566,170 |
|---|---|---|---|---|
Prison Ministry - for the work of the Community Chaplaincy at Wormwood Scrubbs.
Besom - a project which enables us to serve those in need through the donation and delivery of furniture, white goods and other items and through projects such as painting and gardening.
Freehold properties Nightingale Road, 16 & 114 Studley Grange Road and 7 Rosedale Close - to provide affordable housing to support Christian workers and young adults within Ealing.
Christians against poverty - used to employ a part time manager to provide free debt counselling services to those already in debt or in danger of falling into debt
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WEST LONDON COMMUNITY TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020
| 15 Analysis of net assets between funds Unrestricted funds Restricted funds 2020 2020 £ £ Fund balances at 31 December 2020 are represented by: Tangible assets 715,574 515,894 Current assets/ (liabilities) (20,436) 50,276 Long term liabilities (494,423) - 200,715 566,170 |
TotalUnrestricted funds 2020 2019 £ £ 1,231,468 708,897 29,840 (8,572) (494,423) (510,310) 766,885 190,015 |
Restricted funds 2019 £ 552,851 - - 552,851 |
Total 2019 £ 1,261,748 (8,572) (510,310) 742,866 |
|---|---|---|---|
16 Related party transactions
The Charity is dependent upon the PCC of St Pauls Ealing for the majority of its funding. The Charity received donations of £48,120 in the year from St Pauls (2019 - £84,448). There were no balances outstanding between the charities at the year-end (2019 - £NIL). St Pauls also acts as a guarantor for the mortgage held over 16 Studley Grange Road, 114 Studley Grange Road and 7 Rosedale Close.
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