Shepherds Bush Families Project & Childrens Centre Statement of financial activities DRAFr For the eriod ended 31 March 2025 2025 Total Unrestricted Restricted 2024 Total Unrestricted Restricted Note Income from: Grants and donations Charitable activities Childrens Centre Investment Income 74.478 80.000 154,478 167,855 119,461 287,316 22.359 1.354 38.220 60.579 1.354 47,498 47,498 2,067 2,067 Total Income 98.191 118.220 216,411 169,922 166,959 336,881 Expenditure on: Staff costs INote 4) Accounting and independent examination Activity costs Communication costs Premises costs Governance Sundry 44.752 19,557 164,309 132,412 85,923 218,335 107 9.836 2.209 29.734 85 492 1.391 18.054 1.120 10.812 72 1.498 27.890 3.329 40.546 157 496 2,510 4,817 6,806 28,854 156 133 2,390 43,318 544 31,312 4,900 48,135 7,350 60,166 156 140 Total expendlture 87,215 51,010 238,225 175,688 163,494 339,182 Net income / (expenditure) ft)r the year 10,976 132.790) (21.814) (5.766) 3,465 (2,301) Transfers between funds 1.502 (1.502) (24) 24 Net movement in funds 12.478 134.292) (21.814) (5.790) 3,489 (2,301) Reconciliation of funds: Total funds brought forward 80,780 34,292 115,072 86,570 30,803 117,373 Total funds carried foN4ard 93.258 93.258 80,780 34,292 115,072 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the financial statemenrs.
Shepherds Bush Families Projert & Childrens Centre Balance sheet DRA As at 31 March 2025 2025 2024 Note Fixed assets: Tangible assets 349 349 Current assets: Debtors Cash at bank and in hand 1.230 95.994 1,842 133,873 97.224 135,715 Liabilities: Creditors: amounts falling due within one year 10 3,965 20.992 Net current assets l (Ilabilities) 93.259 114,723 Total assets less current liabilities 93,259 115,072 Total net assets / (liabilities) 93.259 115,072 The funds of the charity: Restricted income funds Unrestricted income funds= General funds 34,292 93,258 80.780 Total unrestricted funds 93,258 80,780 Total charlty funds 93.258 115,072 The financial statements were approved by the Trustees on and signed on their behalf by Trustee
Shepherds Bush Families Projett & Childrens Centre DIiAFr Notes to the flnanclal statements For the eriod ended 31 March 2025 l Accounting policies a) Basls of preparatlon The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 10212019, the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Charities Act 201 l and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'true and fair. view and 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 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 IFRS 102) (effective l January 20191- (Charities SORP FRS 102) rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice effective from l April 2005 which has since been withdrawn. Assets and liabilities are initially recognised at historical cost or transaction value unless otheise stated in the relevant accounting policy or note. b) Public benefit entity The charitable company meets the definition of a public benefit entity under FRS 102. c) Going concern The trustees consider that there are no material uncertainties about the charitable company's ability to continue as a going concern. There are no key judgements that the charitable company has made which have a significant effect on the accounts. d) Key source of estlmatlon, uncertalnty and Judgement The preparation of financial statements in conformity with generally accepted accounting practice requires trustees to make estimates and judgements that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabiliiies at the balance sheei dale and the reporred amounts of revenues and expenses during the reporring period. There is estimation uncertainty in calculating depreciation. A review of fixed assets is carried out by the trustees regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible. there remains a risk that the policy does not match the useful life of the assets. e) Income Income is recognised when the charity has entitlement to the funds. any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably. Income from government and other granis, whether 'capital' grants or 'revenue' granis, is recognised when the charity has entitlement to the funds, any performance conditions attached to ihe grants have been met. it is probable that the income will be received and the amount can be measured reliably and is not deferred. Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are m<Jt f) Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity., this is normally upon notification of the interest paid or payable by the bank.
Shepherds Bush Families Projett & Childrens Centre DIiAFr Notes to the flnanclal statements For the eriod ended 31 March 2025 l Accounting policies (continued) g) Fund accounting Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund. Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. h) Expenditure and irrecoverable VAT Expend iture is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings.. Costs of raising funds relate to the costs incurred by the charitable company in inducing third parties to make voluntary contributions to it, as well as the cost of any activitie5 With a fundraising purpose Expenditure on charitable aciivities includes the costs of provision of space and services undertaken to further the purposes of the charity and their associated support costs Other expend iture represents those items not falling into any other heading Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred. j) Tangible fixed assets Items of eq uipment are capitalised where the purchase price exceeds £2 50. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use. Where fixed asset5 have been revalued, any exce55 between the revalued amount and the historic c05t of the asset will be shown as a revaluation reserve in the balance sheet. Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follow5= Plant and Machinery Computer equipments 25% on cost 25% on cost J) Cash at bank and In hand Cash at bank and cash in hand includes cash and shorr term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. Cash balances exclude any funds held on behalf of service users. k) Credltors and provlslons Cred itors and provisions are recognised where the charity has a present obligation resulti ng from a past event that will probably result in the transfer of funds to a third parry and the amount due to sertle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their setilement amount after allowing for any trade discounts due. The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are iniiially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amorrised cost using ihe effective interest method. l) Pensions Employer contributions to employees defined contribution pension schemes are charged to Statement of Financial Activitie5 during the year.
Shepherds Bush Families Projett & Childrens Centre DIiAFr Notes to the flnanclal statements For the eriod ended 31 March 2025 2 Income from donatlons and legacles 2025 Total 2024 Total IRestated) Unrestricted Restricted Donations Dr Edwards & Bishop Kings Hammersmith United Hammersmith United John Lyon's Charity National Lottery Trust House Charitable Foundation Tudor Trust LB Hammersmith & Fulham SENIF Grant L.B. Hammersmith & Fulham12yrs and 3-4yrs) Evening Standard Childhood Trust Breadline Appeal Mrs Smith & Mount Trust H&F Giving The Grocer Charity The Julia and Hans Rausing Trust Kelly Family Charitable Trust The Daisy Trust Garfield Weston L.B Hammersmith & Fulham grant 20.728 20,728 5,000 10,500 25,000 18,730 i 0,000 5.000 500 25.000 18.730 io.000 5,000 i 0.000 26.038 52,743 i 0,000 I 5.000 680 42,949 50,000 3.000 i 0.000 5,000 14,416 i 0.000 7.040 7,040 4,730 6.000 3.000 4,730 6,000 3,000 40,000 3,750 40.000 3,750 42,490 74.478 80,000 154,478 287.316 2024 Total IRestated) Unrestricted Restricted Dr Edwards & Bishop Kings Hammersmith United Hammersmith United John Lyon's Charity National Lottery Trust House Charitable Foundation Tudor Trust LB Hammersmith & Fulham SENIF Grant L.B. Hammersmith & Fulham 12yrs and 3-4yrs) Evening Standard Childhood Trust Breadline Appeal Mrs Smith & Mount Trust H&F Giving The Grocer Charity The Julia and Hans Rau5ing Trust L.B Hammersmith & Fulham grant 5.000 10.000 26.038 52,743 io,000 15.000 680 5,000 i 0,000 26.038 52,743 i 0,000 15,000 680 42,949 50,000 3,000 i 0,000 5,000 14,416 42,490 42,949 50.000 3.000 i 0.000 5,000 14.416 42.490 Total income from donations and legacies 167,855 119,461 287,316 For the year 2024. certain income previously categorised under 'Charitable Activities" have been reclassified as "Donations and Legacies" in line with SORP guidelines. This reclassification does not affect the financial position or results but ensures compliance with the appropriate accounting treatment.
Shepherds Bush Families Projett & Childrens Centre DIiAFr Notes to the flnanclal statements For the eriod ended 31 March 2025 3 Income from charitable activities 2025 Total 2024 Total IRestated) Unrestricted Restricted L.B Hammer5mith & Fulham 3 SIF Let me play 38.220 38,220 22,359 27.563 19.935 22.359 Total income from charitable activities 22.359 38.220 60,579 47,498 2024 Total IRestated) Unrestricted Restricted L.B Hammer5mith & Fulham 3 SIF Let me play 27.563 19.935 27,563 19,935 Total income from charitable activities 47.498 47,498
Shepherds Bush Families Project & Childrens Centre DRAFr Notes to the financial statements For the eriod ended 31 March 2025 Analysis of staff costs. Trustee remuneration and expenses, and the cost of key management personnel Staff costs were as follows= 2025 2.024 Salaries and wages Redundancy and termination costs Social secu rity costs Employer's contribution to defined contribution pension schemes Training, welfare and other 137,348 14,206 5,588 3.134 4,033 202,292 11,909 4,134 164,309 218,335 No employee earned more than £60.000 during the year. The total employee benefits including pension contributions of the key management personnel were £38,954 (2023= £45,171) The charity Trustees were not paid or received any other benefits from employment with the charity in the year. No charity Trustee received payment for professional or other services supplied to the charity. No Trustees received payments for reimbursement of travel and subsistence costs relating to attendance at meetings of the trustees. Staff numbers The average number of employees Ihead count based on number of staff employed) during the year was as follows.. 2025 No. 2.024 Charitable activities Related party transactions There are no related party transactions to disclose for 2025. Taxation The charitable company is exempt from corporation tax as all it5 income is charitable and is applied for charitable purposes.
Shepherds Bush Families Project & Childrens Centre DRAFr Notes to the financial statements For the eriod ended 31 March 2025 Tangible fixed assets Plant and machinery Computer equipment Total Cost or valuation At the start of the year Additions in year Disposals in year 36,779 3,924 40.703 (349) (349) At the end of the year 36.430 3.924 40,354 Depreciation At the start of the year Charge for the year Eliminated on disposal 36.430 3.924 40,354 At the end of the year Net book value At the end of the year 36,430 3,924 40.354 At the start of the year 349 349 All of the above assets are used for charitable purposes. Debtors 2025 2.024 Trade debtors Prepayments and accrued income 1,230 1.292 550 1,230 1,842 l O Creditors: amounts falling due within one year 2025 2.024 Taxation and social security Other creditors Accruals 2,223 6.397 1.531 14,595 3,965 20,992
Shepherds Bush Families Project & Childrens Centre DRAFr Notes to the financial statements For the eriod ended 31 March 2025 I l Analysis of net assets between funds at the end of 31 March 2025 General unrestricted Designated Restricted Total funds Net current assets 93,259 93,259 Net assets at the end of the year 93.259 93,259 Analysls of net assets between funds at the end of 31 March 2024 General unrestricted Designated Restricted Total funds Net current assets 80,780 34,292 115,072 Net assets at the end of the year 80,780 34,292 115,072 12 Movements in funds 01 April 2024 Income & Expenditure gains & losses 31 March 2025 During the year Transfers Restricted funds: L.B. Hammersmith & Fulham (Children.: L.B.Hammersmith & Fulham 13 SIF) L.B.Hammersmith (SENIF Grant) The John Lyons Charity Trust House Charitable Foundation National Lottery Hammersmith United The Julia and Hans Rausing Trust Kelly Family Charitable Trust Dr Edwards & Bishop King5 Hammersm The Daisy Trust 1.282 1.611 870 27,255 (1.282) 138.329) 1870) 152,255) 11 0.000) {22.004) (7,540) (4,730) (6.000) (5.000) (3,000) 38.220 (1.502) 25,000 i 0.000 18.730 7,540 4,730 6.000 5.000 3,000 3.274 Total restricted funds 34.292 118.220 (151.010) (1.502) Unrestricted funds: General funds 80,780 98,191 (87,215) 1,502 93,258 Total unrestricted funds 80.780 98.191 (87.215) 1.502 93,258 Total funds 115,072 216,411 (238,225) 93,258
Shepherds Bush Families Project & Childrens Centre DRAFr Notes to the financial statements For the eriod ended 31 March 2025 12 Movements in funds l April 2023 Income & Expenditure gains & losses 31 March 2024 Transfers Restrlcted funds: L.B. Hammersmith & Fulham (Children's Centre) L.B.Hammersmith & Fulham 13 SIF) L.B.Hammersmith (SENIF Grant) The John Lyons Charity Trust House Charitable Foundation Tudor Trust National Lottery Let Me Play Hammersmith United Dr Edwards & Bishop King5 1.282 1.611 680 27,255 1,282 1,611 870 27,255 27.563 680 26,038 i 0.000 15.000 52,743 19,935 i 0.000 5.000 {27.563) 1490) 126,038) li 0,000) {15.000) (49,469) 119,934) 11 0,000) (5.000) (25) 25 3,274 (i ) Total restricted fund5 30,803 166,959 (163,494) 24 34,292 Unrestricted funds: Desi nated funds.. Office move Ground floor toilets refurb i 0.000 (i 0.000) Total designated funds i 0,000 (i 0,000) General funds 76,570 169,922 (175,688) 9,976 80,780 Total unrestricted funds 86.570 169.922 (175.688) (24) 80,780 Total funds 117,373 336,881 (339,182) 115,072 Purposes of restrlrted funds L.B.Hammersmith & Fulham {3 SIF) counselling. -towards cost of core services including drop-in and counselling. L.B.Hammersmith (SENIF Grant) - Special Needs equipment The John Lyons Charity - Salaries for After school and holiday workers Trusthouse Charitable Trust - towards cost of Family Centre Worker National Lottery - support for families coping with cost of living crisis Hammersmith United - core costs of work with families The Julia and Hans Rausing Trust Additional drop in sessions and activities for the winter period. Kelly Family Charitable Trust To help drop centre. Dr Edwards & Bishop King5- work with families living in the Old Borough of Fulham The Daisy Trust - Toward the cost of early inteentIOn parents and hild drop in centre. 10