**Charity registration number 1074971 (England and Wales)**
## **WEST LONDON COMMUNITY TRUST**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **WEST LONDON COMMUNITY TRUST**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Vicky Read||
|---|---|---|
||Andrew M Statham|(Appointed 8 January 2025)|
||Angharad Milenkovic|(Appointed 8 January 2025)|
||Guy Lunn|(Appointed 8 January 2025)|
||Alison R Dales|(Appointed 8 January 2025)|
|**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 - 16|
## **WEST LONDON COMMUNITY TRUST**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees present their annual report and financial statements for the year ended 31 December 2024.
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 2019)”
## **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 employment of Christian youth and children's 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.
The work of the Christians Against Poverty (CAP) Ealing Debt Centre resumed in February 2021, following the appointment of a new debt centre manager. After completing his initial training, the manager was able to start supporting clients again. The debt centre offers free debt counselling and advice to individuals in the community who are facing or approaching financial difficulties. Its aim is to help clients achieve financial stability and become debt-free. This work is carried out in partnership with the national CAP charity, which provides support, training, and advice to the local debt manager. The centre is based at Oaktree Church in Acton.
The trust expects to continue to work across these areas with no significant change in activities in the coming year.
## **Financial review**
The financial transactions during 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 members. The trustees consider that the financial position at the end of the year was satisfactory.
As at 31 December 2024, the trust held total funds of £953,747 (2023: £946,350), which included £317,730 in unrestricted funds (2023: £297,948) and £636,017 in restricted funds (2023: £648,402). Of the unrestricted funds, £317,730 (2023: £297,948) can only be realised by selling the freehold property. Under the Charity Commission definition, this means the trust had no free reserves as at 31 December 2024 (2023: Nil). The trust’s policy is to maintain reserves at a level sufficient to cover three to four months of average expenditure. The current reserves position does not fully meet this policy. The trustees, in conjunction with the PCC, are continuing to take steps to address this issue throughout 2025 and will also review the overall reserves policy in light of the current operating conditions.
## **Reserves policy**
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.
- 1 -
## **WEST LONDON COMMUNITY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
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 running the New Wine Discipleship Year hub in association with New Wine, Besom Ealing, and the CAP debt centre. In 2025, the trustees plan to review the current activities and explore other opportunities to providing support to those in our local community.
## **Structure, governance and management**
The trust was established by a charitable trust deed on 26 June 1998. The trust objectives 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:||
|---|---|
|Vicky Read||
|Nicholas J K Becker|(Resigned 8 January 2025)|
|Shushilkumar Chohan|(Resigned 8 January 2025)|
|Zoe A Kowalski|(Resigned 8 January 2025)|
|Andrew M Statham|(Appointed 8 January 2025)|
|Angharad Milenkovic|(Appointed 8 January 2025)|
|Guy Lunn|(Appointed 8 January 2025)|
|Alison R Dales|(Appointed 8 January 2025)|
## **Recruitment and appointment of trustees**
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.
## **Organisational structure**
The trust's affairs are conducted by the trustees in conjunction with other staff and members of St Paul's Church Ealing.
## **Restricted Funds**
The Freehold Property funds for Nightingale Road, 16 Studley Grange Road, 114 Studley Grange Road, and 7 Rosedale Close have been used for the purchase and maintenance of these properties. These funds are designated to provide housing for the trust’s workers, other local Christian workers, volunteers, and young people.
The Besom fund is allocated to the Besom Ealing Hub, which collects donations of good-quality 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 a part-time manager who provides free debt counselling services to individuals already in debt or at risk of falling into debt. The debt centre was originally established by several churches across Ealing following the ‘Soul in Ealing/Love Ealing’ initiatives but had no host organisation until it was adopted into the Trust as a restricted fund. The centre is managed on a day-to-day basis by a small committee of local church leaders and the national CAP charity.
- 2 -
## **WEST LONDON COMMUNITY TRUST**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
The trustees' report was approved by the Board of Trustees.
Vicky Read **Trustee**
7 October 2025
- 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 2024.
## **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.
I report in respect of my examination of the trust’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
## **Independent examiner's statement**
- 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 Charities Act 2011.
- 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 financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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: 9 October 2025
- 4 -
## **WEST LONDON COMMUNITY TRUST**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
-
72,031
Charitable activities
**3**
12,375
21,633
Other income
**4**
47,341
-
**Total income**
59,716
93,664
**Expenditure on:**
Charitable activities
**5**
63,823
82,160
**Net income/(expenditure)**
(4,107)
11,504
Transfers between
funds
23,889
(23,889)
**Net movement in**
**funds**
**8**
19,782
(12,385)
**Reconciliation of funds:**
Fund balances at 1 January
2024
297,948
648,402
**Fund balances at 31**
**December 2024**
317,730
636,017|**Total**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2023**
**2023**
**£**
**£**
**£**
72,031
-
79,119
34,008
11,374
17,896
47,341
27,668
-
153,380
39,042
97,015
145,983
45,311
88,646
7,397
(6,269)
8,369
-
28,730
(28,730)
7,397
22,461
(20,361)
946,350
275,487
668,763
953,747
297,948
648,402|**Total**
**2023**
**£**
79,119
29,270
27,668|
|---|---|---|
|||136,057
133,957|
|||2,100
-|
|||2,100
944,250|
|||946,350|
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 2024**_
|**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**13**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
**Net current assets**
**Total assets less current liabilities**
**Creditors: amounts falling due after**
**more than one year**
**16**
**Net assets**
**The funds of the trust**
Restricted funds
**18**
Unrestricted funds|**2024**
**£**
**£**
1,315,296
486
48,700
49,186
(24,824)
24,362
1,339,658
(385,911)
953,747
636,017
317,730
953,747|**2023**
**£**
**£**
1,327,419
582
49,937
50,519
(36,919)
13,600
1,341,019
(394,669)
946,350
648,402
297,948
946,350|
|---|---|---|
The financial statements were approved by the trustees on 7 October 2025
Vicky Read **Trustee**
- 6 -
**WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **Charity information**
West London Community Trust is an unincorporated Charity registered with the Charity commission in England and Wales (number 1074971); its principle address is 4a Ridley Avenue, London, W13 9XW.
## **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 are prepared in sterling, which is the functional currency of the trust. Monetary amounts in these financial statements are rounded to the nearest £.
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 or grantors 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 Income**
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 Expenditure**
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:
Freehold land and buildings 2% per annum on cost of buildings Plant and machinery 25% per annum on net book value
- 7 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **1 Accounting policies**
## **(Continued)**
## **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.
## **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.
## **1.9 Retirement benefits**
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
## **2 Critical accounting estimates and judgements**
In the application of the trust’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
- 8 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **3 Income from charitable activities**
|**Unrestricted**
**funds**
**Restricted**
**funds**
**2024**
**2024**
**£**
**£**
Discipleship year income
12,375
-
Christians against poverty income
-
21,633
12,375
21,633
**Analysis by fund**
Unrestricted funds
12,375
-
Restricted funds
-
21,633
12,375
21,633|**Total**
**2024**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2023**
**2023**
**£**
**£**
**£**
12,375
11,374
-
21,633
-
17,896
34,008
11,374
17,896
12,375
11,374
-
21,633
-
17,896
34,008
11,374
17,896|**Total**
**2023**
**£**
11,374
17,896|
|---|---|---|
|||29,270|
|||11,374
17,896|
|||29,270|
- 9 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **4 Other income**
||**Unrestricted **|**Unrestricted**|
|---|---|---|
||**funds**|**funds**|
||**2024**|**2023**|
||**£**|**£**|
|Rental income|47,341|27,668|
## **5 Expenditure on charitable activities**
|**Discipleship**
**Year**
**Prison**
**Ministry**
**The Besom**
**St Pauls**
**Ealing**
**2024**
**2024**
**2024**
**2024**
**£**
**£**
**£**
**£**
Staff costs
3,998
-
-
-
Depreciation and
impairment
-
-
-
17,069
Direct costs
7,355
-
310
16,990
11,353
-
310
34,059
Grant funding of activities
(see note 6)
-
-
-
47,341
**Share of support and governance costs (see note 7)**
Support
330
212
47
28,077
Governance
387
248
55
2,070
12,070
460
412
111,547
**Analysis by fund**
Unrestricted funds
12,070
460
102
51,191
Restricted funds
-
-
310
60,356
12,070
460
412
111,547|**CAP**
**2024**
**£**
14,194
-
7,300
21,494
-
-
-
21,494
-
21,494
21,494|**Total**
**2024**
**£**
18,192
17,069
31,955|
|---|---|---|
|||67,216
47,341
28,666
2,760|
|||145,983|
|||63,823
82,160|
|||145,983|
- 10 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**5**
**Expenditure on charitable activities**
**Previous year:**
**Discipleship**
**Year**
**Prison**
**Ministry**
**The Besom**
**St Pauls**
**Ealing**
**2023**
**2023**
**2023**
**2023**
**£**
**£**
**£**
**£**
Staff costs
3,442
-
-
-
Depreciation and
impairment
-
-
-
15,254
Direct costs
5,613
-
2,801
25,481
9,055
-
2,801
40,735
Grant funding of activities
(see note 6)
-
-
-
27,736
**Share of support and governance costs (see note 7)**
Support
362
233
52
30,257
Governance
202
130
29
1,080
9,619
363
2,882
99,808
**Analysis by fund**
Unrestricted funds
9,619
363
81
35,248
Restricted funds
-
-
2,801
64,560
9,619
363
2,882
99,808|**(Continued)**
**CAP**
**Total**
**2023**
**2023**
**£**
**£**
13,955
17,397
-
15,254
7,330
41,225
21,285
73,876
-
27,736
-
30,904
-
1,441
21,285
133,957
-
45,311
21,285
88,646
21,285
133,957|**(Continued)**
**CAP**
**Total**
**2023**
**2023**
**£**
**£**
13,955
17,397
-
15,254
7,330
41,225
21,285
73,876
-
27,736
-
30,904
-
1,441
21,285
133,957
-
45,311
21,285
88,646
21,285
133,957|
|---|---|---|
|||73,876
27,736
30,904
1,441|
|||133,957|
|||45,311
88,646|
|||133,957|
## **6 Grants payable**
||**St Pauls**|St Pauls|
|---|---|---|
||**Ealing**|Ealing|
||**2024**|2023|
||**£**|£|
|Grants to institutions:|||
|St Pauls Ealing Church|47,341|27,736|
- 11 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **7 Support costs allocated to activities**
|Premises expenses
Administrative expenses
Governance costs
**Analysed between:**
Discipleship Year
Prison Ministry
The Besom
St Pauls Ealing|**2024**
**£**
2,360
26,306
2,760
31,426
717
460
102
30,147
31,426|**2023**
**£**
2,487
28,418
1,440|
|---|---|---|
|||32,345|
|||564
363
81
31,337|
|||32,345|
Unless support and governance costs relate directly to a specific charitable activity, they are allocated pro rata as a proportion of relative income. This is currently 14% to Discipleship Year, 9% to Prison Ministry, 2% to The Besom and 75% to St Pauls Ealing.
Governance Costs includes payments to the independent examiner of £2,760 (2023 - £1,440) for independent examination and accountancy fees.
|**8**|**Net movement in funds**|**2024**|**2023**|
|---|---|---|---|
|||**£**|**£**|
||The net movement in funds is stated after charging/(crediting):|||
||Fees payable for the independent examination of the charity's financial|||
||statements|2,760|1,440|
||Depreciation of owned tangible fixed assets|17,069|15,254|
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration or reimbursement of expenses during the year.
## **10 Employees**
The average monthly number of employees during the year was:
||**2024**|**2023**|
|---|---|---|
||**Number**|**Number**|
|DY students and Pastoral support|2|2|
- 12 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
|**10**
**Employees**
**Employment costs**
Wages and salaries
Other pension costs|**(Continued)**
**2024**
**2023**
**£**
**£**
17,672
16,891
520
506
18,192
17,397|**(Continued)**
**2024**
**2023**
**£**
**£**
17,672
16,891
520
506
18,192
17,397|
|---|---|---|
|||17,397|
There were no employees whose annual remuneration was more than £60,000.
## **11 Taxation**
The charity is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 252 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects.
## **12 Tangible fixed assets**
|**Freehold land**
**and buildings**
**£**
**Cost**
At 1 January 2024
1,515,078
Additions
4,945
At 31 December 2024
1,520,023
**Depreciation and impairment**
At 1 January 2024
187,675
Depreciation charged in the year
17,063
At 31 December 2024
204,738
**Carrying amount**
At 31 December 2024
1,315,285
At 31 December 2023
1,327,403
**13**
**Debtors**
**Amounts falling due within one year:**
Prepayments and accrued income|**Plant and**
**machinery**
**£**
1,269
-
1,269
1,252
6
1,258
11
16
**2024**
**£**
486|**Total**
**£**
1,516,347
4,945|
|---|---|---|
|||1,521,292|
|||188,927
17,069|
|||205,996|
|||1,315,296|
|||1,327,419|
|||**2023**
**£**
582|
- 13 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **14 Loans and overdrafts**
|**Loans and overdrafts**|||
|---|---|---|
|Bank loans
Payable within one year
Payable after one year|**2024**
**£**
399,099
13,188
385,911|**2023**
**£**
422,987|
|||28,318
394,669|
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 2024 was £34,152.
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 2024 was £15,576.
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 2024 was £349,371.
## **15 Creditors: amounts falling due within one year**
|**Notes**
Bank loans
**14**
Other taxation and social security
Accruals and deferred income
**16**
**Creditors: amounts falling due after more than one year**
**Notes**
Bank loans
**14**
**17**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
13,188
150
11,486
24,824
**2024**
**£**
385,911
**2024**
**£**
520|**2023**
**£**
28,318
150
8,451|
|---|---|---|
|||36,919|
|||**2023**
**£**
394,669|
|||**2023**
**£**
506|
- 14 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **18 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 2023**
**r**
**£**
For Freehold Property Nightingale Road
194,387
For Freehold Property 16 Studley Grange
Road
208,033
For Freehold Property 114 Studley Grange
Road
207,281
For Freehold Property 7 Rosedale Close
17,019
For Besom
7,559
For Christians against poverty
34,484
668,763|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
4,228
(7,093)
13,807
(15,993)
6,750
(7,564)
54,334
(33,909)
-
(2,801)
17,896
(21,285)
97,015
(88,645)|**Transfers**
**Balance at**
**1 January 2024**
**r**
**£**
**£**
-
191,523
(910)
204,936
(3,159)
203,310
(24,662)
12,780
-
4,760
-
31,093
(28,731)
648,402|**Movement in funds**
**Incoming**
**esources**
**Resources**
**expended**
**£**
**£**
2,764
(5,142)
10,700
(10,310)
7,901
(8,484)
50,666
(36,420)
-
(309)
21,633
(21,495)
93,664
(82,160)|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
189,145
(992)
204,334
(3,389)
199,338
(19,508)
7,518
-
4,451
-
31,231
(23,889)
636,017|**Transfers**
**Balance at**
**31 December**
**2024**
**£**
**£**
-
189,145
(992)
204,334
(3,389)
199,338
(19,508)
7,518
-
4,451
-
31,231
(23,889)
636,017|
|---|---|---|---|---|---|
||||||636,017|
Besom: A project dedicated to serving those in need through the donation and delivery of furniture, white goods, and other items, as well as through projects such as painting and gardening.
Freehold Properties (Nightingale Road, 16 & 114 Studley Grange Road, and 7 Rosedale Close): Provides affordable housing to support Christian workers and young adults within Ealing.
Christians Against Poverty (CAP): Used to employ a part-time manager who provides free debt counselling services to individuals who are already in debt or at risk of falling into debt.
Transfers Between Funds: Represent the capital element of the mortgage repayments made during the year, which are transferred to Unrestricted Funds.
- 15 -
## **WEST LONDON COMMUNITY TRUST**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_
## **19 Analysis of net assets between funds**
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Tangible assets
714,961
600,335
Current assets/(liabilities)
(11,320)
35,682
Long term liabilities
(385,911)
-
317,730
636,017
**Unrestricted**
**Restricted**
**funds**
**funds**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
714,870
612,549
Current assets/(liabilities)
(22,253)
35,853
Long term liabilities
(394,669)
-
297,948
648,402|**Total**
**2024**
**£**
1,315,296
24,362
(385,911)
953,747
**Total**
**2023**
**£**
1,327,419
13,600
(394,669)
946,350|
|---|---|
## **20 Related party transactions**
The Charity is dependent upon the PCC of St Paul's Ealing for the majority of its funding. The Charity received donations of £72,031 in the year from St Paul's (2023 - £79,119). There were no balances outstanding between the charities at the year-end (2023 - £NIL). St Paul's also acts as a guarantor for the mortgages held over 16 Studley Grange Road, 114 Studley Grange Road, and 7 Rosedale Close.
- 16 -