Charity registration number 1074971 WEST LONDON COMMUNITY TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
WEST LONDON COMMUNITY TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Vicky Read Nlcholas J K 88ck8r Shushilkumar Chohan Zoe A Kowalskl Charlty number 1074971 Independent examlner Summers Morgan First Floor. Sheraton House Lower Road Chorleywo¢xl Hertfordshlre IAQ3 5LH Bankers Lloyds TSB Bank plc 45 The Broadway Ealing London W5 5JU Soll¢ltor8 EDC Lord & Co Link House 1200 Uxbridge Road H8yes Mlddlesex UB4 8JD
WEST LONDON COMMUNITY TRUST CONTENTS Page Trustees, report Independent examiner's report Statement of financial activities B81anc8 sheet Notes to the financial statements 8-15
WEST LONDON COMMUNITY TRUST TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees present their annual report and financial slatements for the year ended 31 Dember 2023. The accounts have been prepared In accordance with the accounting policies set out in note 1 to the accounts and comply with the Charilvs declaration of trust, the Charities Act 2011 and "Accounting and Reporting by Charities.. Statement of Recommended Pr8Ctice applicable to charitias preparing th8ir accounts in accordance with the Finandal Reporting Standard applicable in the UK arKI Republic of Ireland (FRS 102) (effective 1 January 2019)" Objectlves and actlvltle8 Our chariiable objects are to advance, encourage and promote the practice and general awareness of Christianity aniongst members of the public in the Greater London Borough8 of Ealing and Hounslow. The pollcies adopted in furtherance of these objects have been the purchase of housing for. and employment of Christian yOh and chlldren's workers, support for the New Wine Discipleship Year Hub ft)r West London and support for Discipleship Year Students based at St Paul'8 Church. Ealg. The trustees have paid due regard to guidanca issued by the Charlty Commlsslon in decidlng what actlvitles the trust should undertake. Achlevements and porforman¢e The trusfs actlvitles durlng the year have continued to be the support of Christian youth and chlldren's pastors and also the support, h08t and manage the West London New Wne Dl8clpleship Year training hub. The trust acts as the host lor Ealing Besom, whlch receives donations of good quality second-hand fumlture equipment and matches this with those In need in the local community. Referrals are received from the communty, vla Ealing Foodbank, Soclal SeNices and other community groups. Th8 work of thè Christians Against Povety (CAP) Eallng Debt Centre resumed in February 2021, following the appointment of a debt centre manager. After completing his initial tralnlng, the manager was able to start supporting cllents agaln. Th8 debt centre offers free debt counselllng and advlce to individual8 in the Community who are facing or approaching financlal difficulties. Ils aim is to help clients achieva flnanclal stability and become debl-free. This work is carried out in partnership with the national CAP charity, whlch provldes support, training. and advice to the local debt manager. The centre Is based at Oaktree Church in Acton. The trust expects to conlinue to work across these areas with no significant change in activitias In tha coming year. Flnanclal revlew The financial transactions (Juring the year and the financial position at the end of the year are summarised in the attached accounts. Most of the trust's income for the year came from St Paul's Church Ealing and its member8. The trustees conslder that the financial position at the end of the year was satisfactory. As at 31 December 2023, the trust held lotal fvnds of £946,350 {2022.' £944,250), which included £297.948 in unre8tricted funds {2022: £275.487) and £648.402 in restricted funds (2022= £668.763). Of the unreslricted funds, £297,948 (2022.. £275,487) can only be realised by selling Ihe freehold propety. Under the Charities Commission definilion. this means the trust had no fr88 reserves as al 31 December 2023 {2022: Nil). The trusl's policy is to malntsin reserves at a level sufficient to cover three to four months of average expendilure. The current reserves posltion does not fully meet this policy. The trustees. in conjunction with the PCC, are conlinuing to take steps to address this issue thrghout 2024 and will also review the overall reserves pollcy in light of the current operating conditions. Reserves poll¢y The trustees set a budget annually and monitor cash flow to ensure their liabilities can be met. Conslderatlon has been given to ways In whlch additional funds may be raised.
WEST LONDON COMMUNITY TRUST TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 The trustees have revIevd the major risks facing the trust and are satisfied that all reasonabl8 measures are in place to mitigate their effect. They intend to keep these matters under regular review. Plans for future perlods The trust expects to continue running the New Wine Discipleship Year hub in association wlth New Wine, Besom Eallng. and the CAP debt centre. In 2024, the trustees plan to reviaw the current activities and explore other opportuniti'es to providing support to those in our local community. Structure, governance and management The trust was establlshed by a charitable trust deed on 26 June 1998. The Irusl objectives are to promote the advancement and awareness of Christianity throughout Wesl London and the London Boroughs of Ealing and Hounslow, In particular by providing assistance and support to young people, the elderly, ex offenders or Oihers in conditions of hardshlp or distress as a result of social circumstances or disadvantage. The trustees who served during the year were: Vicky Read Nicholas J K Becker Shushilkumar Chohan Zoe A Kowalskl ReGrultment and appolntment of tru$tee8 The trustees receive no remun8ratlon for thelr role and all are actively involved In the day to day management of the trust. The appointment of trustees Is carried out in con8ult8tlon wlth the PCC of St Paul's Church Eallng. Organlsatlonal stnicturn The trust's affairs are conducted by the trustees in conlunctlon with olher staff and members of St Paul's Church Ealing. Restrlcted Fund8 The Freehold Property funds for Nightingale Road, 16 Studley Grange Road, 114 Studley Grange Road, and 7 Rosedale Close have been used for the purch8se and maintenance of these properties. These funds are designated to provlde housing for the trust's work&rs, other local Christian workers, volunteers, and young people. The Prlson Ministry fund supports the Community Chaplalncy work within Vlormwood Scrubs prison. The Besom fund is allocated to the Besom Ealing Hub, which collecis donations of goodquality second-hand furniture and equipment. This hub redistributes these items to those in need who have been referred by community services, such as Foodbank. The CAP Ealing Debt Centre fund Is used to employ 8 part-tim? manager who provid&s free debl counselling services to Indivlduals already in debt or at risk of falling into debt. The debt ntre was originally established by several churches across Ealing following Ihe 'Soul in EalinglLove Ealing. initiatives bul had no host organisation until it was adopted into Ihe Trust as a restricted fund. The centre is managed on a day-to-day basis by a small committee of local church leaders and Ihe national CAP charity. The trust88s' report was approved by the Board of Twstees. fjcky Re&J Trustee ..31ql202 Date.. ,...,.
WEST LONDON COMMUNITY TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST LONDON COMMUNITY TRUST I report to the trustees on my examinatlon of the financial statements of West London Community Trust (the trust) for the year ended 31 December 2023. Responslbllltles and basls of report As the trustees of the trust you are responslble for the preparatlon of the fjnanclal statements In accordance with the r8qUlfemenls of the Charlties Act 2011 {th8 2011 Act). I report In resp8d of my Éxamlnalion of the trust's ffin8nclal statements carrd out under section 145 of the 2011 Acl. In carying out my examlnation I have followed al the applScable Directions glven by the Challty Commission under section 145(5)(b) ol the 2011 Act. Ind•p•nd•nt examlnerfs Siatement I have comp18ted my examinatlon. I confimi thal no matters have come to my attenllon In connection wlth the examlnatlon glvlng m8 cause to belleve that In any materlal respect: accounting records Vre not kept in respect of the trust as required by section 130 of the 2011 Act: or the fin8nci81 st8iements do not accord with those records; or the financial statements do not comply with the applicable requlrements concernlng the form and content of accounts set out in the Charitles (Accounts and Reports) Regulations 2008 other than any requlrement that the accounts give a true and fair view which is not 8 matter eonsidered as p£rt of an independent examination. I havè no con¢ems and have come across no other mattels In connedion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial staiements to be reathed. Nicho18s Corden ACA (Senior Statutory Auditor) Summers Morgan Flrst Floor. Sheraton House Lower Road Chorley¥vood Hertfordshire D3 5LH
WEST LONDON COMMUNITY TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2023 Unrestrlcted Restrlcted funds funds 2023 2023 Total Unrestrlcted Restrlcted funds funds 2022 2022 Total 2023 2022 Notes Income and endowments from: Donatlons and legacles Charitable activities Other income 79,119 17,896 79,119 29,270 27,668 6,739 15,611 26,098 59,388 18,036 66,107 33,647 26,098 11.374 27,668 Total Income 39,042 97,015 136,057 48,448 77,404 125,852 Expendllure on: Charitable activities 45,311 88,646 133,957 36,219 79,835 116,054 Net In¢omel(expendlture) {6,2691 8,369 2,100 12,229 {2,431} 9,798 Transfers between funds 28.730 (28.730) 24.343 (24.343) Net movement In funds 22.461 {20,361) 2,100 36,572 (26,774) 9,798 Recon¢lllatlon of funds; Fund balances at 1 January 2023 275,487 668,763 944,250 238,915 695,537 934,452 Fund balances at 31 December 2023 297,948 648,402 946,350 275,487 668,763 944,250 The statement of financial actlvities includes all galns and losses recognised in the year. All income and expenditure derive from continuing activilies.
WEST LONDON COMMUNITY TRUST BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 Notes Flxed assets Tangible assets 11 1,327,419 1.342,673 Current as8Ots Debtors Cash at bank and in hand 12 582 49,937 1,124 60,150 50,519 61,274 Credltor5: amounts falllng due wlthln one year 14 (38.919) {32,322) Net Current assets 13,600 28.952 Total assets less curront Ilabllltl•s 1,341,019 1,371,825 Cr•dltorn: amounts falllng due aftèr more than one y•ai 16 (394.669) (427,375) Net 488ets 946,350 944,250 The funds of the tnlgt Restricled fund8 Unrestricted funds 17 648.402 297,948 668,763 275.487 946.350 944.250 The financial statements were approved by the trustees on ... 3.19 {.zo.ztr Vlcky Read TNstee
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023 Accountlng pollcles Charlty Infonnatlon West London Community Twst 15 an unincorporaled Charity registered with the Charity commission in England and Wales (number 1074971). its principle address is 4a Rldl8y Avenue. London, W13 gxw. 1.1 Accountlng conventlon The financial statements have been prepared in accordance with the Charitys declaration of trust, the Charities Act 2011 and 'Ac¢ounting and Reportlng by Charities: Statement of Recommended Practi applicable to charities preparing their accounts in accordance with the Fin8nclal Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). (as amended for accounting periods mmencing from 1 January 2016}. The irust is a Publlc B8nefit Entity as defined by FRS 102. The trust has taken advantage of the provlslons In the SORP for charlties applylng FRS 102 Upd8te Bulletin 1 not to prepare a Statement of Cash Flows. The flnancial st8lements have departed from the Charities {Accounts and Reports) Regulations 2008 only to the extent required to provide a true and lair view. Thls departure has Involved followin9 the Statement of Recommended Practice for charities applying FRS 102 rather than the verslon of the Statement of Recommended Practlce whlch is referred to in the Regulations but which has since been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the twst. Monetary amounts in these financial statements are rounded to the néarest £. The financial 8tatements have been prepared under the historical cost convention. The principal accounting polld6s adopted are set out below. 1.2 Golng concern Al the time of approving the financial statements, the trustees have a reasonable expectation that the trust has adequate resources to conlinue in operational existence for the foreseeabl8 future. Thug the trugtees continue to adopt the golng concern basis of accounting in preparing the financial statements. 1.3 Charltable funds Unreslricted funds are available for use at the discretion of the trustees in furtherance of their charitable 0.eCtIVes. Restrlcted funds are subject to SP8cific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricled funds are set out in the notes to the financial statements. 1.4 Income Donalions are credited in the accounts when they are received. Income tax recoverable on Gift Ald donations is creditèd at th& same time as the related donation. 1.5 Expendlture Expendilure is recognised in the accounts al the time wh8n a liabilily to make payment is incurred. 1.6 Tanglble flxed assets Tangible fixed assets other than freehold land are stated at cost less depreciation. Depreciation is recognised so as lo write off the cost or valuation of assets less their residual values over their useful lives on the following bases.. Freehold land and buildings Plant and machlnery 2% per annum on cost of buildings 250h per annum on net book valué
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Accountln9 pollclès (Contlnued) 1.7 Cash and cash equlvalents C8sh and cash equivalents include cash in hand, deposits held at call wlth banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank ov8rdrafts ar8 shown withln borrowings in current liabilities. 1.8 Flnancl81 In8trum8nts The charity only has financial assets and financlal Ilabilitles of a kind that qualify as basic financial instrumenls. Basic financial instruments are inrtially recognised at transacdon valu8 and subsequenlly measured at amortised co81. 1.9 Rellrement beneflt8 Payments to defined contribution retlrement banefit schemes are charged as an expense as they fall due.
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WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2023 Other Income Unrestrfcted Unrestrlcted funds funds 2023 2022 Other income Rental income 2,988 23,110 27.668 27.668 26,098 Expandlture on charftable actlvltles Dlsclpleshlp Year 2023 Prlson The Ba8om Mlnlstry 2023 st Pauls Eallng 2023 CAP Total 2023 2023 2023 Staff costs Depreciatlon and impairment Dlrect costs 3,442 13,955 17,397 15,254 25,481 15,254 41,225 5,613 2,801 7,330 9,055 2,801 40,735 21,285 73.876 Grant fundlng of aGllvltie8 (see note 5) 27,736 27,736 Share of 8llPPOrt and governance costs (see nots 6) Support 362 233 Governance 202 130 52 29 30.257 1,080 30,904 1,441 9,619 363 2,882 99,808 21,285 133,957 Analysls by fund Unrestricled funds Restricted funds 9,619 363 81 2,801 35,248 64,560 45,311 88,646 21,285 9,619 383 2,882 99,808 21,285 133,957
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Expendlture on charltable actlvltles (Contlnuod) Prevlous year: Dlsclpleshlp Year 2022 Prlson The Basom Mlnlstry 2022 st Pauls Eallng 2022 CAP Total 2022 2022 2022 Staff costs Depreciation and Impalmient Direct costs 3,346 13.375 16,721 15,256 15.063 15,256 40.217 9,153 7.177 1,504 7.320 12,499 7,177 1,504 30.319 20,695 72,194 Granl fundlng of activities (see note 5) 19.251 19.251 Share of support and governance costs (see note 61 Support 278 179 Govemance 201 130 40 29 22,672 1.080 23.169 1.440 12,978 7,486 1,573 73,322 20,695 116,054 Analysls by fund Unrastricted funds Restricted funds 12,978 309 7.177 69 1,504 22.853 50.469 10 20.685 36,219 79,835 12.978 7,486 1.573 73.322 20.695 116,054 Grants payable St Pauls Eallng 2023 St Pauls EallrKJ 2022 Grants to institutlons.. St Pauls Ealing Church 27,736 19,251 10-
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Support ¢o$ts allocated to actlvltles 2023 2022 Premises expenses Administrative expenses Governance costs 2,487 28,418 1,440 1.985 21.184 1,440 32,345 24.609 Analysed betOn. Discipl8shlp Year Prison Ministry The Besom St Pauls Ealing 479 309 69 23,752 363 81 31,337 32,345 24,609 Unless support and governance costs relate directly to a specific d)arltable actlvlty, they are allocated pro rata as a proportion of relative income. Thls is currently 14% lo Discipleship Year, 9% to Prison Minlstry, 2% to The Besom and 75% to St Pauls Eallng. Govemance Costs includes payments lo the independent examlner of £1,440 (2022 - £1.440) for independant examination and accountancy fees. Net mov•ment In funds 2023 2022 The nei movement in funds Ss stated after chargingl(crediting): Fees payable for the Independent examination of the charivs tlnandal statements Depreclalion of owned tangible fixed assets 1,440 15,254 1,440 15,256 Trustees None of the trustees (or any persons connected with them) receSved any r8muneration or relmbursement of expenses during the year. Employees The average monthly numb8r of employees durirvJ the year was: 2023 Number 2022 Number DY students and Pastoral support 11
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 Employees Icontlnuedl Employment costs 2023 2022 Wages and salaries Other panslon costs 16.891 506 16,257 464 17.397 16,721 There were no employees whose annual remuneration was more than £60.000. 10 Taxatlon The charity is exempt from tax on Income and gains falling wilhln sèctlon 505 of the Taxes Act 1988 or sèction 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 11 Tanglble flxed a8sets Freehold land and bulldlng8 Plant and machlnery Tolal Cost At 1 January 2023 1,515,078 1.269 1,516,347 At 31 December 2023 1,515,078 1,269 1.518,347 Depreclatlon and Impalrment At 1 January 2023 Depreciation charged in the year 172,427 15,248 1,247 173,674 15,254 At 31 December 2023 187,675 1.253 188,928 Carrylng amount At 31 December 2023 1,327.403 16 1.327.419 At 31 December 2022 1,342,651 22 1,342,673 12 Debtors 2023 2022 Amounts falllng due wlthln one year; Prepayments and accrued income 582 1.124 12
WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS ICONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 13 Loans and overdrafts 2023 2022 Bank loans 422,987 451,718 Payable wlthin one year Payable after one ye8r 28.318 394,669 24.343 427,375 A Mortgage was obtained in October 2008 from Kingdom Bank Llmltéd lo asslst In thè purchas8 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 Ihe 'ngdoM Bank Limited bese rate. The amount outstanding al 31st December 2023 was £35,144. A Mortgage was obtained in May 2013 from Klngdom Bank Llmlted to asslsl In the purchase of 114 Studley Grange Road, London which cost £386,000 freehold. This is a capital repayment loan, repay8ble over 29 years and 5 months al a rate of 5% over the Klngdom Bank Limited base rale. The amount outstanding at 31st December 2023 was £18.965. A Mortgage was obtained in November 2015 from Klngdom Bank Llmlted to assist in the purchase of 7 Rosedale Close. London which cost £515,000 freehold, This is 8 capital repayment loan, repayable over 30 years at a raio of 3.5% ovar the Kingdom Bank Limited base rate. The amount outstanding at 31 st December 2023 was £368,879. 14 Cfedltor8: amounts falllng due wlthln one year 2023 2022 Bank loans Other taxation and social security Accruals and deferre(J income 13 28,318 150 8,451 24,343 150 7,829 38.919 32.322 16 Credltors: amounts falllng due aftor more than one year 2023 2022 Not•s Bank loans 13 394,669 427,375 16 Retlrement bgneflt schemes 2023 2022 Deflned contrlbutlon schemes Charge to profrt or loss in respect of defined contribulion schemes 506 464 13.
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WEST LONDON COMMUNITY TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023 18 Analysls of net assets between funds Unrestrlcted funds 2023 Restrlcted fund8 2023 Total 2023 At 31 Decembèr 2023: Tangible assets Current assetsl(liabilities) Long tem liabilities 714,870 (22.253) (394.669) 612,549 35.853 1.327.419 13,600 (394.869) 297,948 648.402 946,350 Unrestrlcted fund8 2022 Restrlcted funds 2022 Total 2022 At 31 DoC8mber 2022: Tangibl8 assets Current assetsl(liabllltles} Long term liabilitles 715,953 (13,091) (427.375) 626,720 42,043 1,342,673 28,952 (427.375) 275,487 ee8,783 944,250 19 Related party tran8actlon8 The Charity is dependent upon the PCC of St Paul's Ealing for tha majority of its funding. The Charity recelved donatlons of £79.119 in the year from St Paul's {2022 £65,368). There were no balan8 oulstandlng been the charities at Iha year-end12022 - £NIL). St Paul's also acls as a guarantor for the mortgages held over 16 Studley Grange Road, 114 Studley Grange Road. and 7 Rosedale Close. 15-