**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.
- 1 -
## **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.
- 2 -
## **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
- 3 -
## **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:
- 1 accounting records were not kept in respect of the trust as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 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
- 4 -
## **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.
- 5 -
## **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**
- 6 -
## **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.
- 7 -
## **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|
- 8 -
## **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|
|---|---|---|---|
- 9 -
## **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**
- 10 -
## **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.
- 11 -
## **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|
|---|---|---|---|
- 12 -
## **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**
- 13 -
## **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|**Total**Unrestricted
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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