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 othe￿ise 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