PADDINGTON DEVELOPMENT TRUST GROUP
(a company limited by guarantee and its subsidiary)
GROUI? ANNUAL REPORT AND fiNANCIAL STATF.MF.NTS
YEAR INDID 31 MARCH 2025
BOYDELL & CO
Chartered AcLowII'ants
146B Chi%wiik Higli Izoad
LL)IiLI()n
W4 IPU
Charity iiumber: 1080882
Company number: 03652559

PADDINGTON DEvELOPmEr￿[ TRUST GROUP
CONI'Ewrs
Group information
Tru,stees' and directors, report
2-14
In¢lependent auLlitors' report
16-19
Con.solidaleLI statL'ment of finanLial activities
20
Con%olidatecl balancL' shL'et
21
ConsolidatL'LI statemp.nt of cash flows
NotLlS t() thL' linancicil st<ltLmL'ntS

PADDINGTON DEVELOPMENT TRUST GROUP
Grou
Inforntstion
I'IIUSI EFS/DIRLcfoRS
Grace Reid
Di)ug Shaw
(Chair)
(Treasiirer)
Mona Adam
Aikaterini Ale.xiou
Robi Dutta
Arinola Edeh
Thie.nhuony, Nguyen
Rajiv Sinha
l im Ti)dhunteT
Stephen Winningharn
CHIFF EXF.cu'fTVL OFf,ICER AND
GROUP COMI'ANY SEci£f.I"ARY
Graham Collins
BANKERS
Bank of Scotland
38 St Andrew &iiidro
F.clinburgh
El12 2YI<
AUDI'I'OI
13c)yLIL'II & Co
Chai'tc're(l AcLOLintclnts
14613 Chiswick I libylI R()aLI
Lond()n
W4 IPU
SOI.ILI'I OIIS
Riis.41'.11-C()okL'
2 [)utney I liIl
L()nclon
SW15 6AB
Rki.GISI'F.IZED CHARIYY NUMBER..
1118088,3
COMPANY RF.GISTRATION NUMBER..
07652559

PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
OB
ECTS OF THE CHARITY
The Charitable Group is a private company limitL'(I by guarcintL'e with one trading
subsicliary, PDT GJ Trading Limited. Its objects are the promi)tion f()r tlie public beiiefit of
urban or rural rL'generation in areas of social and economic deprivatioii (aiid iii particular
within tlie Lond()n Borough of the City of WestminstL'r).
PADDINGTON DEVELOPMENT TRUST GROUP {a company limited by guarantee
and its trading subsidiary)
l. Paddington Development Trust Gi'oup (PDT) is a registereLI Charity aiid n()t-foi'"profit
conimuiiity-based Regeiier£iti()n Gi'()up witli s()cio-L'coiiornic objectives. It has been aiid
will coiitiniiL' to be activL,ly engclged iii thL' economic, enviroiimental, and social
i'egL'i)eration of tlie Nortli WestniinstLsr ancl widei. Central Lond()n area. It lias fivL' core
valiiL'.s'. sharii)g re.%ources; cominiiiiity L'llipowL'rniL'nt,. fiiiaiicial self-sufficieiicy.
L'nvii'()iimental %ustainability aiiLI L'L]ual oppi)I'tuiiitie.% and sc)cial jiistice f()r all
c()mmiinitie%. PDI. is c()mmitteLI to tin equit<iblL clistributi()ii (If justice aiiLI p()WL'r in (ill
its w()rk.
2. Our Visioii 1.% "CominiinitiL'S in Contr()I"
3. PDT is a rL'&YiStereLI c()nipaiTry (0,3652559) limitL'cI by guciranteL' witli rL>gL'IiL'ratioii
()bjL'Ctives.
4. It is a re&yAstLI'C'LI Charity (Nu. 108088.3).
5. Ti'u%teL'.s have duL' regarLI f()r StatL)nieiit of RecoinmenLle(I PrtlctiCL' (SOI£P) and
guiLlaiicL' i.ssiiecl by tIiL, Charity Commissioii on Pliblic benefit ancl the i'olL) of TrLlStecs.
6. PD"I' is coiitrc1Ctiially approved to awarLI Stuclent Lc)ans oli bLlialf of the Skills Fiiniliiig
Ageiicy.
7. PD'f is a l.iviiig Wage eniployc'r <ind Qiiality As.sureLI tlirougli thL, GolLI InvL'stors in
PeoplL' Qiiality and Miltrix Staiidai'ds.

PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
CONTINUED
REPORT FROM THE CHAIR AND TRUSTEES
Executive Summary - Headlines
PDT has continueLI to deliver a wide range of projects, prograrnme.s and service.s across North
I'aLlclington over the past year. All our work is designecl with our Iocal cornmunities, ancl all ()ur
pr()jects positively impact on the health and wellbeing c)f chiILfreni young people and adults across
the 1lTea.
Our Climate Champion programme has seen over 3000 locaI residents, ac.cess or engage in
cliinilte projects" supported by 21 newly recruite.d Climate Ch
¢impions. The. project's
commitment is to ensure that learning, joy, and engagement with the e.nvirorniient are iiot
privilLges reSL.￿ed (or the wL'althy. Through parine.rsliips with respectea organi.%ations such as
Masoii and fifth, tht. Natural Hisl()ry Musc'.um, and the Royal Parks, the project continues to
briny (Jxciting ¢ind hisyh-profile opp()rtunities Ic) the local cornmunity aiid is seeing people.
bene.fii fi'()m L'nga&Tin&x with their neighbourh()oas cinLI greening for the first tirne.
Our team of 80 volunlL'e.r Community and Maternity Health Champions mc't cincl engagoa
with OVLJr 11,001) iiillivicliial rLJsidL'nts brivin&y up t() 7,001) hourts (If theii. timc tc) support their
nL)ighboui'.%, family (md friÉ)nd.s. PDT is now rL'spon%ible f()r clelivering thi,5 pri)grriiiiniL' acrcis
,111 four N()i'tli PcidLlingtC)11 WcifLl%. WL. arL' curre.ntly <iwaitin&y a full e.valuatinn fundL'd through
Public Hc'.alth.
Oui. li,mployment and Training teanis havL' clc'liverL'LI some L'xce.Ili'.nt woi'k cincl IN)th tL'am
have sup)ported PiL)()plc.. to m()vc,. forw<ird with thL)ir IIVL'S ihr()ug'li gclinin&y ciualifiLciti()ns c)r
mpl()yinL'iit ()ppc)rtuiiitiL'S thus imiii'()vin& tho'ir L*()n()mic rL)silii'niL,. 41)1) indiviiluals WL'I'L,
engycl&TrLid with this yL'¢ir aiid 28 of i.hem securL'cI c'.mpl()ymc'.nt. r()r l.hil remaindcir, ti'aiiiin&i
voluntL)(Jflll&T oppurEunitlL)s and supp()J'l was proviclc,.di ¢)11 supi?orting PL)()pIL' to llnpr()vL' thL'ir
wellbc'ing.
Grand Junctloll LC)ntiniiL)S to clelivL)r a plienoinenal c.oinmunity-l)ased prog,r¢imme for au (iges
alon&rsiLle a wiclc. i'cill&yL' C)f fabiil()u% c()nLL)rt.s, eve.nts ancl produclion%. In total 36,342 pe()ple
Ccim('. tlii'ough our Ll()c)rs clt GJ of which 11,465 attenLled our cultural programme and nearly
8,()01) acce%SL'd c)ui' commLuiity progi'iimme.
Grand Juncti()n's pi'c)gTaiiime enables young anLI old and <1 huge cultural Llivei"sity of people. to
access drama, music, art cind exercise in a safe. Lommunity Spclce.
The Stowe Centre ha.s seLn a return l() full u.sage cifter the closurL Lluring CoviLI and we now as
busy as we. ever wei'L) now oI)er<1ling under an agrLJeLI SLA with the City Council providini) hire.
SPIlCL tc) local resiLlents and c.ommiinity nrganisatic)ns <ili)ngside ti pe.rmcinent home. to key
voIuntaiy secl()r oi'gaiiisaEi()ns providing much nLaeLled se.rvicps.
Community Health and WeIlbeing Workers
This innovcitive pr()ject brought over Irom Brazil and funded by our local GP Federation is
already impacting c)n people's Iives, .siipporting people to take up vaccinatic)ns, screenings and
reducing visits to A&E.

PADDINGTON DEVELOPMENT TRUST GROUP
TIIUSTEES, AND DIREcfoRS' REPORT
co￿nNuED
REPORT FROM TIIE CHAIR AND TRUSTEES
Introduction
Despite conttnuing financial pressures post covid and the cost-of-living crisis, including
significant increases in our utility and staffing costs, PDT has managed to maiiitain aIl
it&> services to some degree or another. We have workecl alongside many colleagues iii
the City Council's Public HealtlTr, Environment, Culture and Einployment teams aiid
with health colleagues in Churcli Street, improving lives and outcomes for our citizens.
This is our last year with Neil Johnstoii at tlTre helm as founding CEO extraordiiiaire.
NTeil will liave retired by the publication of this report and our accounts. We cannot
tliank hiin enough for all his time and dedication to the charity a￿d to the wider
Padcliiigton Community. He will bL' an extremely liard act to follow, and his blood
shall flow througli the veiiis of PDT for a very loiig timc to come.
We will also be saying goodbyo to Amal KL,dira, who has acted as our Chief Fiiiance
Officer alongsille Ncil since tlie beginniiig in 1998. a full 27 years of service. Amal has
provided a steady liancl to our fiiiaiices through go()d tirnes aiid bad aiiLI WL. sli¢l11 truly
miss lier.
Climate Champions
Onc of our newe.st project.s is ()ur Climate Champioiis work wliicli hcis rL'ally clevL,loped
froiy) bcgiruiiiig this year. This repc)rt caimot do justice to the liuge ciinount OE work
Llelivcred by L()la ove.r the course of the year, but some liigh Llghts are as follows.
At the begyiiiiiing of the year d[￿uSsion werL> about wliat a Climate Chanipioii would be
and do. By tlie eiicl of tliis year, we have ali army of 21 active climate cliampioii% and a
huge ainount of climate activitie8 being widertakeii across tlic 3 Nortli Paddiiigt()n
wards covered by the project. Our champions coine from all over the world aiid brllig a
huge amount of passioii and experience that they are now sliai'ing with their wider
commuiiity.
Activities liave llTrcluded creating an urb￿] nature reserve, natureliood watcIi, atteiiding
a large iiumber of COiT)munity and school events aiid supporting a pl￿￿ed clean-up of
the canal. ResiLleiits have been introduced to a wide. range of climaEe-orieiited
informatioiTr includ iiig food production and healthy eating, warm liome.s and insulatioii
and planting and greening. 'fhe champioiis and project h¢ive worked successf ul ly and
closely aloiigside the Lity Council's climate team.
The team has adopted the canal side between Grand Junction and Meanwliile Gardeiis
from the Canal and River I rust and is launching a new lecture series in collaboration
witli Mason and Fifth. This series wilI cover speaker fees, travel, and accommodation
costs bringing accessible, high quality education opportrunities to North PaddÉngton.

PADDINGTON DEVELOPMEwf TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
CONTIIVUED
We have achieved a huge amount in our first year of delivery as the figures below
demoiistrate.
Individual residents engcigL,d clcri)ss Harrow Roacl, Westbourne and Queen's Park - .3,451
ActivL, climate Champions recriiited and traiiied - 21 (target was 10)
6 Climate/Environmeiital Campaigiis incliicliiig: _
The Cliniiipioiis Cookbook wlierL' we collectL,d seasonal recipes fi'om local residents, blL'nding
cultural exchange with healthier aiid more siistainable eating habits.
The ongoing Ntn's Siijfip Sjioi? which enables families tv exchaiige cliildrL'n's clotEiing,
promoting rL'iise and rL,duciiig waste.
TIIL. Commuiiitji Cln5srooin which supports home ediicateLI cliillqreii with a curricLIILim
focused ()n sustainability.
NntiAre-Hood Wfitcli wliich sL'eks to ensure that access to lia￿[re is iiot i'estricted by
gL'osyrapliy, iiicome, or expLrtise.
Nfiliire JflÉ7r org¢inise(l iii parthL)rship with Westb()urne CornniLinity Chaiiipi()n.s aiid
featuring tliL' Gi'eL¥ii DL>eii TribL', wh() sp()kL' about SLlStainability diiriiigy RamaLlaii.
Community Health and Wellbeing Workers (CHTrVWS)
Starting iii April 2024 ancl fuiided by Ceiitral l.OllLloii l-IeaItlicare witli NF4£ GP
funding, PDI. successfully recruited a 12 strong group of wonderful pe()pIe t() se.rvc as
Commuiiity HealtEI and Wellbeing Workers, affectioiiately kniowii as QliewiLs, in
Churcli Street ward. Bascd oli tlie Brazilian Primary F.ILalthcare In()LqL,I, eaLlI Chewy
works witli ci speLific illentified cohort of 120 liouscliolds pr()vidiiig key primary Eiealth
care su pport cirounLI vacciiiatioii%, GP clPPOllltments, screeninsrs aiicl aiiy thing else the
resideiit Jieeds.
Our Cliewies have secured much press coveragc and are alre.ady
se.eing improvL'nient% in Iiealtli outcomes for thcir coliort of resiclents. Data £i'om the
pr()ject is stiIl L?LIiII&T collated alid most of the work on tlie grc)uiid comnieiiced in
Jaiiuciry 2025. Data froin Jaiiuary to August 2025 sliows eacli Chewy averciged 117.8
visits to tlieir liousehold8 with 887 Iiouseliolds witli 2,643 residents beilig in tlie active
populcltion of tliose visited. In additioii to door knockuig aiid rneeting witli tlieir
farnilies, the Chewies aIso have delivered a iiuniber of otlier ac.tivities as follows".
Coffee morniiisys. Twice weekly siiice J￿]uarY with 157 residents atteiid iiig.
LLuich ancl lorlrii sessions at Lilestone street community hub - 7 sessions held with 127
people attendlllg.
Open Iftar event- 150 residents attended
Surnnier mini- OIympics with 300 residents attendiiib
Key to the success of this project is the relatioiiships that are built be.tween tlie Chewie
and their families leading to real change.s iii beliaviour anLI healtli and wellbeiiig
outcomes.
Despite its extraorclinary success and popularity, tliis project's Iong-term funding is
insectu'e, and the longevity of the project is uncertain. With the newly announced 10-
year liealth pl￿1 and its focus oli prevention, we will do all we can to secure a future for
tliis amazing project and the amaziiig team who deliver it.

PADDINGTON DEVELOPMEKf TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
Co￿rINuED
Community Health and Maternity Champions
Westbourne and Church Street
PDT has been delivering Community and Maternity Champions projects for over 10
years now in Queen's l)clrk, Westbourne and Church Street. Mid-year this year, we
were asked to take on the Harrow Road Champions frorn their previous provider.
then successfully tendered for this work and secured a contract, so now we cover our
full North Paddingtoii area.
Queen's Park. Harrow Road,
Cornniunity and Materiiity Champiojis are voluiiteers rccruited from tlie local
cominunity who are trained and supported to deliver health and wellbeing projects,
events aiid llTrEormation scssions to their wider comrnunities. They do tliis guideLq by
Project LEads who recruit, train, support and supervise the work of tlie volunteer
champioiis tlirougliout theii" tiine witli us. Iii addition to working witli volunteers, we
havL) also participated in supportiiTrg a iiumber of apprentices.
The cliaiiipions Llelivei. a liuge amount of wi)rk and undertake a largc ainowit of
training. This yecir ch¢lmpioiis have supported the Llelivery of pareiit and baby drop-
ins, breast-fL*ding support to iiew mums at St Marys Fl()spital, inforiiiatic)n and
support during meiital health week, fooLI aLlvice and support duriiig RcimaLlan, wiiiter
hcaltli iirforinatioii aiicl cidvice, atteiidcince at food and 8uiiimer festivals, Iftar
celebratioiis, choirs, eiivironmental and cliinate. actioii ￿]d cl wliole lot inoi'e.
In adclitioii to all tliis, LEiampions also Lindertake l)ublic Health Ccimp?ciigiis - .%preaLling
vital public liealth inEormatic)n clcross our iieiglibourhc)OLqs, desibniL.d to koLp people
.safe aiid well iii thL'ir h()mes.
Ali evaluation of the fLiII p?rogramine, inclLidiiig I)DT'.% contribution is due to report
soon, but previ()us evaluatioiis liave sliown the geiiuine. irnpaLt oli wellbeiiig aiid
hc'alth improveineiit that the projLlCts deliver.
Grand Junction @ Mary Magdalene's Church
This year 's delivery froin Gr￿id Juiiction lias been as ecIectic, engagllig aiid busy as
ever. Tlie cliurcli ￿Trd cominLlllity space coiitinue to eiiable us to provicqe a large anLI
successful free community programiiie of arts, Inusic, lieritage aiid greening for
chilLlren, youn& people and adults. This is equalled by our ainazingly diverse offer of
artists aiid performances from around tlie world bringing rnusic aiid perform￿)ceS
enjoyed by an e.ver-gi"owing audieiice froin the loca I tvea (￿d beyond.
The teain clt Gi"aiid Junction have worked extremely hard throughout tlie year. 'fhis
year we set up) our trc1ding arm as our ticketed anLI drinks sale.s exceedcd the VAI,
threshold. "fhis has Me￿Trt extra work for the finance staff ensuriiig that we record all
sales and purchases accordingly.

PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIREcfoRS' REPORT
CONTINUED
Grand Junction O Mary Magdalene's Church (continued)
"rhe cliildren, families and youth programmes at Grand Jwiction have all further
developed and included funding from Westmlllster Children's Services for the first
time. We hosted 200 young people's activities and events this year including our
Junction Juniors, Dance for Girls, Young Actors and our Junior Climate Cliainpions
alongsidc Baby Sign and Sing, Baby Massage and our ever-popular Art Party run with
Happy Liz/y. 3,000 young people benefited froin our programme this year.
Our Commuiiities ProgTamme has also growii in popularity and saw us providtng 456
separate community activities, pei"formances and festival.s. Our programme included
Chair Yoga, Language Café, Community Art, kniit and Stitch, Zumbcl and our GJ
Commuiiity Choir. All our commuiiity projects are free to usc, aiid our amazing team
go the extra mile to reach out into tlie community and brtng people into our woiiderful
space. Our Heritage Programine is as stroiigT as ever, witli two building tours per
mi)ntli, plus tlie addition of four new walkiiig tours, all conducted by our excelIcnt
team of trained voluiiteer guides.
Tlii.s ycar we also liosted 62 tickc'ted events whicli included 47 concerts, 1 coincLIy
niglit, 4 the.atre perForinaiicL'S and 5 family sli()ws (wliich hacl 10 pcrforinances betweeii
them).
In totcil 36,342 pei)plL canie through our doors at G] of whicli 11,465 atteiiLqed our
cultural progi'aimmL and iiearly 8,000 accesscd ()ur community iirograinine.
lii cidditioii to i)ur own prograinme of clCtivitlLS cind pei'formanLes we continue to Iiirc
out thL, buildiiig for weildings, celebrations, fasliion sli()ws, confereiicL's aiid a liost ()f
otlier uses - all bringiiig iii much iieedeLI iiicome to support tlie running of tlie buillling
,￿la our other woi"k.
Survey% From 2024 sliow that 48 % of geiicral visitors are etlinically diverse, rising to
86 /. for coiniiiLmity events ani1 festivals, 65 /. for talks, ancl 55 / for family show. T'he
local area lias a population with 61 % of Black, Asian, and otlier etluiic groups; we are
perforining well lll term5 of eiigyaging local people wlio have beeii liistoi"iLalIy
underrepresented (anLI still are) as arts and heritage ciudieiices and partiCip￿1ts.
90 % of tlie. local scliool chilclreii attending our family theatre shows reported that it was
tlieir first live theatre experieiice.. 27 % of visitors surveyed reportecl it was their first
time attendiiig a cultural space., and 51 % that tliey h£lcI attended otlier arts and cultural
spaces only oiice. a year.
Vi%itoi's t() GJ are surveyed about Lheir visits to our pe.r(orrnances. 94Yo surveyea reported thal
the.y had v.njoyed their vi.sit and 96Y. that the.y had found the space welc.omin&T and Iriendly.
Reflec ting ()ur commitment to provicling a platform fc)r underrepre.sentLd artists, ancl striving to
refle.ct the cc)mmunittes wh() live nearbyi 86% surveyed reported that the event hcicl &Triven them
a new perspective on art, herila&ye, oi. culturL. One visitor cornnionted 'Beautiful, creative and
welcc)ming. Reaching oiit for the community. It sooEhes ffty souI, stimulates niy creativity,
improves iiiy health and wellbeing"

PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEIS, AND DIRECTORS, REPORT
CONTINUED
Economic Development: Employment, Enterprise and Training
Another year of strong performance and growth for Economic Development with
securing major fLmding to sustain and expand services, maintained high-quality
provision recognised by Ofsted and awarding bodies, and delivered positive outcomes
for hundreds of resideiits.
Tlils has year's growth aiid achievement for Economic Development despitc continuing
chal lenges in the wider ecoiiomic environnient, we successfully secured significant
fuiiding streams to Strcngthen our impact and ensure the sustainability of our services.
Our commitment to supporting those inost disadvantaged in tlie labour market
remaiiis at the heart of what we do. Witli stroiig foundations iii place, we look
forward to building oli these successes iii 2025/ 26.
During the finciiicial year, PDT Employment secured four major pr()grammes:
The National Lottery Community Fund (TNLCF): £1,684,144 over tliree years to
cojitinue the SWIE T project (2024-2027), siipportiiig ccoiioniically iiiactive
womeii into employmeiit.
Westminster City Council - North Paddington Opportunities Project (N-POP):
£200,()00 for i)ne year, focused on SLipportiiig resiLlents inti) wc)rk aiid de.liveriiis
threc, einployinLllIt fairs iii North Westminster.
Greater London Authority - Skills Bootcamp: £69,999 over niiie moiiths to
deliver barista traiiiing iii liospitality, providing SUcvantcL.d job interviews aiid
P¢lthways iiito empl()yineiit.
Department for Work and Pensions - 50+ Programme: £52,0(10 to support olLIL'r
j()bsL'ekers (50+) iiito employment througli tailored work.%hops and one-to-one
support,
All pi'ogranimes were aligiied with our mis%ion: to eiiable unemployed and
ecoiiiimically
inactive
residents,
particularly those from under-represeiited
commwiities to secure sustainable employment.
2024/25 Employment Outcomes
Total reciched:
l otal engaged:
EconomictilIy iiiactive:
Unemployed..
Progressed into employment:
Global mcijority participants:
ParEicipants with health conditions".
FeinciIe participaiits:
589
421
122
2n
359
101
349
These results highlight our cominitment to inclusion, with strong represeiitation of
women, people fiom tlie global majority, and individuals facing health challeiiges.

PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIREcfoRS' REPORT
Co￿rINuED
Activities & Interventions
Workshops and Training: Digital literacy, workplace accredited courses,
employability, wellbein& fiiTrancial workshops
Job Coaching: l-to-l career support and mock interviews
Employer Engagement: employer partners offering employability support,
attendance at Job fairs, Insight days, sharing job vacancies, eniployer mentoring
and employer visits.
Wrap-Around Support: Childcare assistaiice, tr￿]SPOrt voucEiers, DBS checks,
participant IDS, tools of traLle etc.
The PDT Eniployment supported 421 jobseekers facllig barriers to employment in
West and Central Loiidon. Tlvough tailored skills traiiiiiig, job coacliing, aiid employer
partiierships, we achieved:
2024/25 Employment Outcomes
'rotal i'eaclied:
Total eiigaged:
Economically intictive:
UiiLinployed..
Progressed into einploymeiit:
Global liic1jority P<irticipaiits:
Pai"ticipants with heciltli conditioiis:
FemalL P¢irticipants:
589
421
122
2n
359
101
349
Participant overall confidence: 85 % reporteLI iiicreased confideiice and
Inotivation.
Increased knowledge of employment access: 97% of participants sliowed
improved knowledge oli where and how to access ernployrnent and traiiiiiig
oppiortuiiities. Wliicli includes an awareness of local employment services,
underSt￿ldIng trainiiig patliways and access to job search platforms
Confidence in applying skills newly acquired skills toward employment and
training: Pa rticipaiits expres.sed Higher self-assurance in job search strategies,
Williiigncss to apply for roles aiid readiiiess to piirsue relevant training
Case Studies
RB - Career Restart
After a period of grief ￿Trd a &trap in eniployment following reLliindtincy, RB dec.ided to
mclke a fresli start. She iliscovered tIie SWEE'I'2 project by chance c1nd was warinly
welconicd by support team member FJ. Assigned to adviser ND, RB hall in-deptli
sessioii discussing her past work, cducatioii, and the irnpact of bereavemcnt oli her
confidence and growth.

io.
PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIRECTOIIS, REPORT
CONTINUED
RB - Career Restart (continued)
Together, they created an action plan, and RB was invited to a one-day Leade.rship
course. She actively participated and left feeling empowered with new tools and
insights.
Motivated, RB applied for an admin roIe at her local GP surgery before her next IAG
session.
She Wcis quickly offered an iiitervicw and booked mock interview practice
with ND. I'liey worked oli M￿laging nerves, using the STAR technique, and refiiiing
her reSpo1￿eS. ND evcn found the top 10 uiterview quest101￿ for GP admiiiistrators to
lielp her prepare.
RB aced tlie interview and shared the good news with the team. On the eve of her first
day, she's already tIiinking aheacl about training and progrLssion, possibly into Nlqs
roles. lii her words." "Ojie tlillig I know in my life is, you have to try, aiiLI you'll get
sc)iiiething or somewhere."
James (24) - First Job & Promotion
JainLS, 24, had never lield a job and struggled with cTrnxiety. TI￿Oll8h tlie SWEET2
project, lie coiiipleteLI a L U.%tomer servicc. course tliat helpeLI build Elis coiifidence ￿]d
skills.
50017 aFter, Jaincs securcLI a r()le at a retail cliaiii. With coiisistcnt supiport aiid growiiig
self-belief, he thrived in the role aiicl, just six moiitlis later, was promoted tu Team
Leader.
His j()uriiey shows how thc, right Slipport and upportunity can lead to real pro8ress-
even for tliose startiiig from scratcli.
Employer Quotes:
Qiiote l.. 'Tlie ijrosrniiiine prL'ynrt.'d ciiiididatc's bettc'r tliaii trLiditioiial recriii tiiie.Iit. Tlieji 'Ye
tiioliE?ati Ll llllLI rc,linble.
Quote 2.. "W<, Iioye to l?e iiizpnlv(,d iii iiiore of tlies('..[nir.s.
Participant Quotes:
Qiiote l.. "Befor('. Iliis progi'niiiiiie, I lind nlino.4k giiien lip oil firidi17S iijork. With the Erfii71ing
nnd siiiyiyort, l iiof oiilii got ll job l?11 I gniii('Il tIIL' (".oiifiilL'tire fo plfiii foi. Iiiii fji tiire.
Qiioti, 2.. '1'ni 50 fli¢iiikfiil for tli( iyrojLc-t. Il hlis IIL,Iped 171C .Sfe ii?Iint l L'iiii do llF7d tiin¢l(' nie
bc.liet?e in iiiji self cigilin. 151ill linv(. a lol to do, bi£ t I fL'L,l i-( adJi for Ilic,. ftitiirL, Iiiid I'iii ('XiitL'¢l ko
SL'É. ILihiit's nL'xt.

ii.
PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTIES, AND DIRECfORS' REPORT
COPfflNUED
The Stowe Centre
In January of this year, we signed a new 10-year Iease for the Stowe Centre, alongside a
grant agreement and SLA for 10 years. The El￿ding provided through the grant allows
us to pay rent for the first time since entering the new building in 2(K)7. Along.side the
rent, we are now responsible for nearly all iiiternal rnaintenaiice needs of thc building,
and the graiit goes someway to enable us to cover these costs.
We have entered into a relationship with BGIS, a major facilities management
Cotnpany, wlio are providing us witli state-of-the-art facilities rnanagement to ensure
we are running the building in liiie with all FIealtli ￿ld Safety requirements ￿ld that
our M&E is fuIly maiiitaiiied. 13GIS are cliarging us on a not-for-profit basis as part of
their wid er CSR obligations, ￿ld we are veiy grateful for their assistance. We also now
have solar paiiels provided a small percciitage of our electricity thank to the City
Council's Net Zero strategy aiid are currently having air source heat puinps iiistalled to
rLplcice our ageiiig boilers.
Tlie costs of running the Stowe centrc remain extremely high anLI we have sadly had to
iiicrease our charges, whilst tryinbT to remain as competitivc and community f()cusscd
as we caii. CitiLeiis Advice aiid the Advocacy Project c.ontrinue to be loiig-terin tenaiits
and OIiL Westminster j()illL,d us as teiiaiits. of our gri)uiid floor office this year.
AIc)ngside our own usage for our He.ad Office, Traiiiiiig, F.rnploymeiit and Coinniunity
Clicimpioii uses, WL have coiitiiiuecl to liave ci large nurrtbLr of local orhTaiiisati()iis,
cliurclies, Inc)sques, aiid local residents liire oiir liall aiid Ineeting rooms for a wicle
rciiigc, of L'veiits, meetiiigs and parties.
Duriiig 2024/2025 we had over 7,600 people sisn in our reception rcsyister. Tlie liall
wa.s hired ()ver 90 times for parties ￿ld CL,lebration.% and 49 differeiit local organisatioiis
hired rooms or tlie hall for meetiiigs or training SL'ssions.
Conclusion
We are iinmeiisely proud of all we liave acliieved this year. None of it would h1c Ve
beeii possible without the commitment of our teaIns, tlie dedication of our
voluiTrteers, and tlie coiitinued support of our fuiiclers aiid partners.
As always, none OE our achievcinents wouId be possible without the ama7.ing h¢ird
work aiid clL.dication of our wonderful staff team. On behalf of the BoarLI of
Trustee.s, I wish to say a huge thtink you to everyone for all their efforts.
Grace Reid - Chair of Trustees

12.
PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIREcfoRS' REPORT
COFalNUEDJ
STRATEGIC REPORT
PDT operates a sound financic11 accounting cind monitoring systc'm utilising Sage software
and ci bLispoke cu.stomer Managemeiit System. It incliides an in-liouse Accountant, ￿7(1 2
FinancL OfficL'rs. The c()mpany hils dLvelopecl fiiiancial systL'mS Wlth it.s baiikers and
operates oiiline Internet banking. It appoiiitL,d external H11 support in 2023/ 24.
All publicly contracted pi'()jects arc, iiiternally and L'xterncTrlly rn()nitored, extc'rnally
aiidited aiid evaluated.
FUNDRAISING
PDT Fundraisinby is coiiducted in sh'ict coiiipliance LleterminLd by term.s aiid conclitions of
fuLider.8 ancl c()mmissioner'.% cliiL) dilisyence. It raise.s its fuiids tlirough senior maiiagcrs
applicati()ns to opeii tL)ndL'rs ()perateLI by public 4ect()r comniissii)ners, gyi'ant applicatioiis,
establisliL'LI Ti'LlSts anLI FoLIIILlatl()IlSi ¢l1)d doiiatioiis fr()m wetilthy iiiLlividLials aiid
coi'porcitioii%. It Lltili.SL'S support aiid aLlvicL, fr()m pr()fessi()nal flindi'aisers woi'kinhy lyi this
coiitext. All funils raiseLI cil'e i'c'p()rteLI to PDT Ti'iistL'L'S cinLI are SLibject to i'igL)roiis
moiiitoriiigy anLI auclit of Iiutput5 clllLI ()Iitc()Inc'.% as iclentifiL.d in eacli applicatii)ii for flind%.
PD'F lias ii()t I'L'ceivL,d aiiy CL)mplciints rL)l¢ltiiig t() its fuiillrciising activitie% iii 2024/2025 01,
at aiiy point iii it% yL'<1rs of i)per¢i ti()iis,
POLICIES REVIEW
PD'f c()iiLliictL'LI a p()licy rL'ViL)w in 2024 iiiv()Iviii&r ali LipLlatLi of till exi.stiiih policiLbS anLI tlie
crL'ation ()f iiLlW Stciff aiiil ()rgillliS¢ltional p()IAciL's iiicluilinbF Equal Oppoi'tuJiitiL'S aii(I
Safeguardii)g policies. PDT b¢l4QS It% EO aiiil SafL'griiarLling pnliciL's oli tlie rL,levant
statut()ry reciiiirements. All HR p()licies arL' iiow reviL'wed ¢lllLI appi'ovecl aiiiiually witli
thL' support of OLir HR compaiiy Worknc'.st. New aiicl revisL(I policies are foLincl in OLir
Staff Handbook.
PD'I, siipp()rts positive actioii at the local level. PDT recogTIIiSL'S that this is a critical issiie
In coiitetnporai'y society aiid will L'nsiire that its policy ()f positivL' iiicliisii)ii is reflectL'LI
thr()Lighoiit tlie orbyaiiisatioii. It will also sL'c,k to cictiiiely proin()tL' the intL'rests of miii()rity'
Cul￿]reS aiid will j<)iii othei's in iM¢ikiiig SLlI-e tliis liappeiis iii a fair, just, aiid eqiiitable
maiiiiL'r.
RESERVES POLICY
It is the pc)licy of thL' Cliarity Eo maintciill Lini'estricteLI fLinds, wliicli cifL' the free rLSL'rves of
tl)e Charity, at a level which L'qLlcltes tc) approximatc'ly four months, LiiirestrictL'd
expenditure. This proviLlc's siiFficient flinds to c()ver mcliiagement, administration, ancl
support costs ancl to respond to investmLnt opportunittes an(1 emergL'ncy applicati()iis for
grants, which arise from time to time. Unrestricted fuiids were maintaiiied at this level
throiighoiit the year.

13.
PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
cowrINUED
STRATEGIC REPORT
CONTINUED
RISK MANAGEMENT
The TrustL'es consider the various significant ri%ks to whicli the Charity may bL' exposL,d,
pai'ticularly those grant contracts and premisL).s of thL, Charity, and arc, conficleiit tliey
have appropi'iate systems in place to niitigatc, these risks as outlined below:
A higli risk of l()ss of fuiiding for oiir CHWPV pi'oject at thi, end of next
fiiiancial year.
Mitigation: The B()ard i.s fLilly apprisL,d of this risk and mea%ui'es are iii place to pi'otect
tliL' organisatioii h'om l().ss of fuiids lip to anLI including the, need t() niiike i'edillidaiicie.s if
iiecc'ssary.
Risk:
Poteiitial l()ng-term closure of Grand Juiiction arising from loss of eariied
trtiLliiibY incomL, froin rL'nt ai)Il liirL'.
MitibTati()n: Witli support from thL,1411'itagye Lottery Fuiid, GraiitS} Iiiicl Lloiiati()iis GJ lias
InclXilliiSL'LI its. funclr¢iisiiig potL'lltl¢l1 t() LqL'veli)p iiew rL'veiiiiL' Streanis from cultui'al <lllLI
InLTSiC evL'nt.% 111 cidiliti()n t() I'('..SLiinpti()ii ()( liospitality <lll(I liii'L' activitiL's.
The SilCCL'.%S ()( SLibstc111tial f illiLlrai%iiibl clctivities for GJ i)vei' thL, last yL'cif lind rLgLilai'
C¢ishflow mciiiaLyL.)iiIL'nt initigcltes tlie i'i.sk. I'IIL, B()ai'cl c()iisiclers risk ()( GJ Inli&7 terim clo%LlI'e
tobe20/.
GOINC CONCLRN AND FINANCIAL RLVI
'IIIL, ' I rii4lee.% a rL' Silti%fic'il that l)D'I' is ¢7 g,oin8 c()ncL)rn ancl dLmoiistr¢lte.s a mL'Lliuin-tL'rni sti'atL'y,y
foi. exiiansion of its ethos anLI services.
'1lie Chclrity's total coiisoliLlatecl inioine was L3,190,042 in 2025 (2024.. L3,226,380). Donatii)ns to
the. valiie ()f £170,523 were. rLceived of whic h £116,775 Larriid I'e%li'iLtion (111 LIS<lY,e (2024: L309,449).
Rental inc()nie from other ti'ading activities y,enerated L312,878 ui 2025 (21124.. £441),570) and tracliiig
inL()me froni its siil?siiliary PDT GJ Tradllly, Limited Mra4 £275,118 {2024: £154,128) and L)¢ink
iii tcrest was £6,358 in the year (2024.. £nil).
li)tal ilirecl charitable exp)enditLii'e TriayabIe was £3,29.3,851 in 21125 (20?4.. L3,442,296) CIS Set oiit in
n()le 7 to the Flllcincial Stcilenieiits. GovLJfiicince cind support Li).%ts were £356,7?l in 21125 (21124:
L361,681).
As a re.4Lilt, the Qharity produLed a defiLIt of £103,809 in 2025 (2(124: Lleficit of 1215,9-16) M,hicli was
charged lo gL)neral fund4 (2094.. chargeLI to general funds).
Ihe Trustees reEain a level of cash (L)enLral funds) sufficient lo meet expenditLiTe coninTrilment aiid
In£iiiage the Lash flow reciiiirLment for the f()resLecibIe fiiture. Capital re.serve.s (totral funds) al'e
currentty £493,880 (2024.. £5C)7,689). 'Ihe Triistees review tliis policy on an annual basis.

14.
PADDINGTON DEVELOPME￿[ TRUST GROUP
TRUSTEES, AND DIRECTORS, REPORT
CONTINUED
The Trustees/Directors wh() served during the year were as follows:
Grace Reid
Doug Shaw
(Chair)
(Treasurer - app()inted 31 July 2025)
Mona Adic m
Aikaterini Alexiou
Robi Dutta
Arinola Ldeh
Thienhuong Nguye.n
Rajiv Sinha
'1 im ToLlhunter
Stephen Winniiigham
(appointed 7 Jlc nuary 2025)
Comelius Sanwo
(Treasurei. resigiied .31 July 2025)
s'rATEMEN'f OF TRUSTF,E.S' AND DIIIF.CTORS' RL.SPONSIBILI'IIF.S
Ci)mFiany law rL'quires the 'l'ru.stee.s to prL'F)arL' fiiiancial %tatem('.nts foj, c'acli financ.ial ye¢ir which
givL' a truL' anLI fciir viijw of the state of affairs c)f the C()mpTraiiy <lnd of tliL' re.siilt of thL, Company
foi. tliat pc rioLI. In kire.p)arinL tlic)si fiii<inc'ial state￿e.nÈ$, thL' I'riisteL'.% {wlio clr(: al%() th(,. LlirL'.It()rs ()f
thL ili£iritciblL' i ompciny foi- the purpi()ses of Lonipany law) aro. rLqLiirLcl to..
SL'liict siiitable IlCLI)iintiriL Pl)IicLL'S <ind theii apply tliem consisLeiitly
makL' juclgeme.nt% aiiLI estinicltes that Ic I'l i'easoiicilile <inil pruilLbllt
statL' wliethL'f cipplicablL' acc()untin&T St¢indarLls liavL' l?eL)n Foll()WL'd, SLII?jecl to any incltC>l' j¢il
dLJF)arturi'.s clisL Ii)secl ancl c'xFi11c illL'II in thL, financial stateinL'iits; ancl
Pl'L'parL, the_ fiiiancial slatLn)ents ()ii thi.. &y()iiig c()Iloern b¢l%l.s iinle%4 it is in¢ippf()Pl'l<lti, to
presuirLL) that tliL, C(Inipciny will Lontinuc in L)usinesS.
Ilie TrustL'es al'e respon%ible for inaintciining proper accounting recorcls M'hich LflisclosL) with
recl%()lll¢ ble aLcurclCy at any tinie tIiL, financi¢11 Fiositioiis of thL' Company aiid to eiiciblL' tlIL)m to
ensure that the finaiiiial statements conipily with the C()nipanies Act 20116. ThL'y are also
Tespon%ible fi)r safeguarding the assets of the Compaiiy anLI hence for iaking i'easonable steps for
Ihe preventioii anLI Lle.tcction of fi'auLI and c)Iher irre.giilai.ities. The Trustees have tidopteLf
l*inanci<il aiiil Oiierati()nal ProceLlures t() proville guideLiiies to -1 rustees Ic nd Officers witli regai'd
ti) nianagemcnt, control (ind i'L'porting on the. Illl<ql'te.rly pierforRnance of the l)F)T. "I'he Trustees are
rcspii)nsible fc)r the n)auiteii<iiice aiiil llilegrity ()[ the Chit rity aiid finaiiLial in(oi'n)ation tnclullecl on
the Cliarity's wel)sile in aLci)i-IqanLe with Ie¥islation iii the UniteLI KingLI()iii governing the
prepartition <iiid disseniination ()[ finanLial statenie.nts.

15.
PADDINGTON DEVELOPMENT TRUST GROUP
TRUSTEES, AND DIRFCTORS, IIEI)ORT
CONfINUED
STATf.MENT OF'I'RUSTEkS' AND DIRicfoRS' Rf.SPONSIBILI"IIES (CONtINUED)
r.ach OF tlie piei'sojis wlio is cl I'i'iistee at tlie ililte of aiipi'ovcil of tliis i'eFioi't coiifii'iiis tliat, so Fill. as
e£iclI 'l-i'ii.gtee. 15 <lM'ili'e, tliei'e is 110 L'elevaiit auclit iiifoi'iiiation of wliicli tlie. C.l)ai'il)I'S ciiiiliLoi- i
UIl<lHT{Il'i, aiicl tlie. 'l-I'iisleos liclVL tcikeii all Ilic slep.$ 11)cil' tliey oiiglit tu liilvc IfikeIi Ils .1 riistees iii
Ul-Llei' lo i)iake IlieiiisLlves ¢lll'arL) OE aiiy k'ilLJVclllt clLiilit iiili)I'lllcilioii clllil to estiililisli tliilt IliL'
C_l)cll'itJr'£ Ir ii¢litOl' is Ic M'ai'L uf tliclt iiiloL'AllciLiDII.
-I'lie Bucli'cl iiiiilei'lakes L'Lgiilai' Skills aiiiflits iii ol'der to ILleiilify gclps. Poteiitial ts'iistees <l1'L tlieii
iLloiitifieLI aiiiq ¢ll?PIOclclieLI. All FTri'osiieclive tL'iislees £ll'e iiiteiviewLil by tlie Cliciil. ciiid CLO M,IIo
Ilieii iiiake I'LL(TriiuiieiiLl<il'ioii.s to tlie fiill Ijoill'cl. Tlie l?D'I' Bocli'il 'l'i'ustees l)avL tlie oveiiltl legal
i'espoiisiL)ility foi. tlie Clia I'lly iiicliidii)g Ilie geiiL'i',Il conh'ol aiid Liiaiicigeiiieiit of tlio aLliiiii)ish'attoii
of tlie. C.licll'ity. TIIP. oi'8cllll.Siil'ioii licls cl SL'IIIOI. Ill¢ltTragL'iiieiit te(1111 leil by Ilie cr,0 wlio t<ike Él<ly tl)
(la5F I'L?SPQLisibilil'y fot. <111 cispieLts of opiel'atioiial (l('.liveiy of IliL Cli¢li'il}T'S iiyol'k siii)i)nt'tpcl l)y clll
sro. iJi)'I"s Depiity CEO is i'espoii.silile. foi. I-IR clllLI eiisLlI'itig tliiil PDT'S Fi()IiciLS ill'e reviL)weil oil a
i'LgyiilaL' I)£iSiS by tlie IIo<ll'LI. N41)st uf PDI"s I I'lislees lii)ve. sigi)ificilllt exFiei'ieiice of .8ci'viiig oil
ai¢ll'i ty LIo¢ll'cls. I",oi' tliose iiLSKI tn tIiL I'olt!
tl'iiiiiiIig i)I'oviclL'(I by NC.VO 1.8 off(JL'eil. All .1 i'u,stccs ()ii
Ippoiiil-iiioiit cllL' iSSLILcI M'illi iiif()riii<ili()11 rel¢ltiil8 to tl)e lii.%lor)I nf tlii, Cliclt'ily clllcl i){)iiitc'(I t<) ils
p)oIicio.s clllLI pi'()CCLIL?i'es. 'I'i'i15tec5 cll'c tils() isf iicLI M'i Ili cl copy of 'l'liL Ls.seiilicil 'J'i'iisloc"
iiifoi'iiicltTnii Iii'OVlilLLI l)y IIiL, Qli¢ll'ily Loiiiiiii.ssioii.
Oli lil..
lie
Q<ll'il of .1,
Gi'43ce Re
C".liclii' of 'l"J'ii%te.v.
l)tlLILlii)grl'yii l)evel()i)l))I'.iil 'fi'Li%I CIl'C)IIP)
'I'IIL St()M'e Ceiili'e, 2J8 I4¢ll'J'l)M? 11()clLI, I,(iiiil()ii W2 51."$
2025

16.
INDEPENDE1￿[ AUDITORS REPORT TO THE MEMBERS OF
PADDINGTON DEVELOPMENT TRUST GROUP
Opinion
We have audited the finanii(il statements of Paddington Development Trnst (the 'charitable parent
company, and its subsidiary the "group") for the year ended 31 March 2025, which comprise the
Consolillated Staternent of Financial Activities, the Consolidated and I'arent Balance Sheet. the
Consoliilated ancl Parent Statement ()[ Cash Flowsi cind rLlated n()les, inLluding a summary i)f
ignificanl accoiinting policies. The fin1c nciaI reporting frarnework that has been applied in the
preparation of the group financial statements is applicable law anLI United Kingcl()m Accounting
Stanclards, including Financiiil Reporting St￿]dard 102 1111. Fiiiancial l<eFI?rliiig Stiindllrd api71icfible En tli
UK lln(I l<epiiblic of Irc'lapid (United Kiiigd()m Generally AccepteLI Accounting Practice).
In our opinion, the financial statements:
givL' a true and fair vieMT of the stal'e ()f the grc)up and pareiit company's ￿faIrS at 31 Mcirch 2025
anLI of tliL group's incoming rL'sources and applications of resources, including its income. and
expLncliture, for the. yL'ar thL'n endecl,.
have bL'e.n pr()pe.i'ly prL'pared in accorLlance wilh United Kingdom CLinerally Acc.eptL'd Accouiil'ing
Practice. and
have lieen p?I'L'parL'LI in clLcofLlancLI Wlth die Ci)mFianies Ac'.t 211116,
Basis for opinion
We LC)nLfliictL'LI ()ur aiiLflit in acL()fLflaiice with IntLsrnati()nal StandarLls on Aiicliling UK (ISA.s {UK)} anLI
akiF?IicciblL' law. Our i'esp)()nsibililies iinLler thosLS Stanclai'ds al'e fiirthL)r (le.scrilK'LI in the ALiditors'
risE)01i4il)ililie% for the c1uilit i)f i.hL, lin<UILicil stiil"e.mL¥nls SL'Ction ()f our rep()rt. We cifL) jiicIL'piencle.iit of
ihL group anLI parLiit c()iiii)any in accorclance with thL' ethical rLyuifL'inent% Ihclt arLb relevclllt to c)ur
aiidit of the lincincial st<ltL)iiient.% in thL' UK, incluLliny thL' r,RC's I,'thiLcil StanLlarLI T'r()Vision%
AvailaL)le. f()r Audils ol Sinall r,nlitie%, and we liavL. fulfilleLI our othL)r ethiial rL'spoiisibililieis in
aLÉ".ordanLL' Wltli thL.%L' fLILiuiremL'nts. Wc, I￿,lIeVe Ihat tlie ¢iuclit eviLlencL) we havL) obtlcineLI 1.4
sufficiL'nl and ¢ippr()pri¢ltc'. to pr()viclL' a basi.s for ()ur opinion.
Concliisions relating to going concern
In aiiditiiiL tlie financial stateinL)nts, we have concludeLI that tlie triislees, iise of the going concern
basis OF accounting in the FirL'pai'atii)n of the finanLial .%latements is abTrpi'opriate.
Based ()n the w'ork we lilc ve perfoi'ined, we hcive not iLlentifieLI any Tnaterial uncertcllllties relating to
eve.nt5 01. c()niliti0115 that, lliLlividiially or collectively, may cast signi(icant cl()ubt on tlie cliaritcible
coini)any's Ic l)ility t() continue as c1 goingv c()iicern for a period of at least twelve m()nths from wlien tlie.
finaiicial statements are aiithoriseLI for issue.
ir responsiL)ilities anLI Ihe respiinsibilities of the direclors Wlth respec.t to goiniy LonLen] are
desLI'ibeLI in the relcvant %ec.Eions of thi4 rLporE.
Other information
The TTUStee.s are responsible f()r the ()ther information. The other inFormalTon Lompri8es the
infoi'niatioii incliidecl in the Triistee_s, aniiual report, cither than the Einancial shlemeiits and our
auclitc)rs' repi)rt Elierei)n.
Oiir ()piinion on l.he fiiicincial statements cloes not cover the other
information ic nd, aLLept to the extent i)therwise e.xplicitIy stclte.d in our rep(Irt, tliat we do not exkiress
any form of assurance conclusion Ehereon. The only chiinge is to reler to group ancl parent company
financial statements.

17.
PADDINGTON DEVELOPMENT TRUST GROUP
INDEPENDEwf AUDrroRS REPORT TO TFIE MEMBERS
CONTINUED
Other information (continued)
In c()nnection with i)ur audit of the financial statements, our responsibiliiy is to read the ()ther
inforniation and. in doing so, consider whether the other inforniation is materialIy inci)nsistent with
the financial statements or our knowledge obtainecl in the auclit or ()therwise appears to be materially
misstated. If we iclentify siich material inc.onsistencie8 or apparont milteri1c I misstatoments, we are
reciuirecl to determine wliLther there is a mclterial mtsstate.ment in the financial statements or a
material mis%latemL)nt ()f the other infoiThation. If, baseil i)n the work we have performoLI, we
conclude tliat there. is a material misstiltement of this other infoTmation, we are rLquifLLI to report that
fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the c.ompanies Act 21K)6
In our opiiiion, ba%e.d on the work undertaken in the course of the audit:
the information given in tlie 'l'riisteL).s' report (incorporating the. strategic report cinLI the dire.ctors'
rL'pi)rt) for the. financi<il ye¢ir f()r NK,hicli ihe finanLl<il statL'LnL'nts are prL'pared is LonsistL'nt witli the
financial statLSinL)nts; ancl
the stratL)SYLL rep()rt anil tIiL' Llireit()rs' rep()rt havL' been prepareLI in accorLlcincL) Wlth applicable
logal rL'L]uirL'ments.
Matters on which we are reqiiired to report by exceptioii
lii thc. light c)f c)iir knowlL'Llbye cinLI iiJiclL)r.4landin&y of the bir()iip and Pcll'(Illt Lc)Inpany ciiid thL'ir
o.nvir()ninL'iiI olitc1ineLI in tIiL' L()ufsL' ()E l.he 1£ iiclit, MrL' have n()L iclentifiL'LI mati)I'lcil misstcltL'nie.JitS U) the
strategic J'ei?()rt n()i' the clire.ct()r.4' rep)()rt.
We havl, ni)l.1)in￿T Io i'L'port in J'e.SPLYt ()[ Ilie f()Ilowing niattL'rs in rellc tic)n to which thc Con)F)aniL's Act
2()116 rL'Liuires us I'o J'L'POJ't t<) you if, in oiii. 01)iiiion:
,IdL'LIu<ltci acc()uiitiiig reLc)rcls h<lVLI 11()I beL'ii ke.p)t by thL' P¢ll'ent L()Inpany i)r rL'Iiirns <lLlequ<lte. for
yoiir audit havL' not bL)()n rL'cL'ivecl fi'uni braiiihL's not visiteil by us,. or
thL' pai'ent company Financial stalements are not in cigrL)ement wilh the acLounting riL()rLls ancl
returiis,. or
ce.rtaiii clisclosures of ilirectors, reniuneratioii %pecifieil by law al'e not maile,. or
we have not receivecl all the infoi'mclti()ii aiid explaiicilions we rL)ciuire f()r our auLlit,' ancl
the trustees were not entitleil to prep<ire tlie finanLial statements in accordaiice with ilie small
comF?anies re.gime ciiiLI lake advantage ()f ihe small ci)n)panies' exemplii)ns in preparing the
tru5tees'anLI Ltirectors, i'ep()rl and froni the reLiiiiremeiit to pi'epare a 5ti'ategic rep)ort.
Ilesponsibilities of Trustees and Directors
As e.xplaineil m()ie Fiilly lll the Stalement of Triistees, and Direct()r%' Ilesponsibilitie_s qet oiit on liciye
12, the 'l rusl'ees (wli() Ilre also the Llirect()rs of the parent ci)mpaiiy for the F)ui'P05es o( Ll)mpany law)
are respi)n.sible for the preparation of the (ilicincial statements £ind for being 4al'isFied tliat they give a
true anLI fÉlLr view, cillLI fi)r such intLrnal contr()l as the Trustees determine is necessary to encible the
preparLltion ()E finanLial state.ments that are (ree fr(Im material mtsstatement, whe.IhcT duL to friTrud or
error.
In preparing tlie. financial .stcltements. the Trustees (ire responsible for assessing the group aiid Pcirent
comi)any's ability to coiitinue as gc)ing conLLrn, Llisclo8ing, as applicablL, matters related to g()ing
concern and using the going concern ba.sis of accouiiting unless the Triisteos intenil eilher to Iiqliidate
the groiip or parent oomp)any or to cease operations, or have no i'ealistic altei'iiative biit to do so.

18.
PADDINGTON DEVELOPMENT TRUST GROUP
INDEPENDF.NT AUDITORS REPORT TO TFIE MEMBERS
CONTINUED
Auditors, responsibilities for the audit of the financial statements
Our objectives are to obtain reasc)nable as.4uranco about whether the financial statemenL4 a.s a whole
are free from material misstalement, whether due to fraud or erroT, and to issue an auditors, rep()rt
iat includes our opinion. Recl,S()nable assurance is a high lL)vel of assurance, but is n()t a guarantee
that an auclil conductecl in accorclance with ISAS (UK) will always detect a niaterial mis%tale.rnent
wlien it exisLs.
Misstatements C¢m arise from fi'aiid or errL)r anil are lonsicle.red inatericil if,
indiviclually or in the. aggregate, they Lould recl%()nably be expected to infiuence the economic
decision.s ()f users taken on the ba%is of these linancial stalements.
A further LlesLription of our responsibiIities for the audit of the financial statemenLs i.s locatLd on the
Finanlial Reporttng Council's website at.. www.frc.or
auditorsre5
f()rms part of our auclitc)rs' rLport.
)nsibilities. This description
F,xtent to which the audit was considered capable of detecting irregularities, Including fraud
IrrL'gulcll'itiL'S, including frauLI, are instanLes of non-c()mi)liancL with laws and rL'xulatioiis.
desigji procL'if ures in line with our i'Lispon%ibilitiis, outlinL'LI abovL', lo di,tL)cL matL'fi<il misstatiinent
in respeLt of irre&yu11c rities, UlLIIiLlinb fraulq. 'Ibe ixtL'nt tc) wliich ()ui' pr()LL'LIiii'LS are capal)IL' of
LILbtLCtlllg irreguliirities, iiicluLling frauLI is £lL'taileLI bp.low.'
A% part ()f ali clULflTt in Ic CC.Ol'Llaiice with ISAS {UK), WLI Lsxeri ISL, l) J'(IfL>%SiOllcl l judgnient aiicl maintain
pr(Ife.s.%ion<il SLLlPtic"ism tlirc)Ligh()iit thL' audit. In ciilLlition, we..
IdL'ntify anil cissess thLi risks c)f mcltt)rial inisst<ltL)meiit ()F the finclncial %l'ateniLiiILs, wliL'tlier Llue. t()
fr£iiiLI or Lsrror, LIL'SiY,n anLI p(IrForni aiiLlit F?r()CL>L1iirii% rLSP)oii%ive t() tl)ose ri%ksi ¢incl ()btain audit
eviLleiic.e thclt is sufficient anLI apF)i'opriate. to pii'{)viLle ¢1 b¢iSiS f()r our i)piiiiuii. 'fhe ri.4k of not
Lletc'c tini) a m¢ilcrial iTLi.s%late.Inc'nt rL'sultTng fi'om frclLid is higliLir Ihan fi)r onL) fL)sultingy ITOM ()A'ror,
a% frauLI inay inv()IvLs Lollu%ioii, forgLbry, intL'iilional ()Inissi()iis, rni%reprL'.SL'nla ti()iis, or thL' OVL)rridc
of intL'rn¢il cc)iitroI.
Olitain ¢ln iinclerstaiiding of lllternal control re.levant to the ciudit in orLler to de.sign aiidit
p)r(￿ealire.s that are ap)pr()pi'iate in the. cii'cumstaiices, but not f()r the F?urp()%e of exprLJssill8 an
opinion ()n tlie effectivene%5 OF the gi'oup or pai.ent company's internal controls.
14.valu<lte tlie appropi'iatene.ss of aocounEing poliLiLS u%eLI and the i'easonableness of aLLoiinting
estimates ciiicl related dLSLlosures malle by inanabylment.

Ic).
PADDINGTON DEVEI.OPMENTTRUST GROUP
INDEPINDINT AUDITOR.S IIFPORT TO T14E ￿lEmBERs
CONTINUED
Exteiit to wliich tlie iiudit W£l.s coiisidered capic ble of detecting ii'reglil￿iritie$, ijicliidiiig li'aiid
(cuntiliiied)
QoLILILiIIL' C)11 tIIc' IlPllI'()iiriatL'IIL.ss nf lllclllclbYL)iiieiiL's use ()f Ilie gcinig ioiii('.I'ii lJi151S ()[ ¢lccoiiiiliiig
Iiid, L)clSeil Lili tlie. ciiiilit o.vidoiirL obtiiiiielq, wlielEier (l Illcilei'ial iiiicertili]ilv exisls rLlcltL'(I to eveJitS
oi, coiiditi01i5 tli<il ill<l}T C¢lSt 5igiiiliiaiit 1loLibt oil tlie gi'()iii) or pai'eIit COilll)Illl}Y'S cibilily lo c.oiitiiiue
as a goiEig COiiCLI'li. If coliiliide tli<lt Illc1tQ.I'lcl1 iiiicei'tciiiil}T exisl's, MIL. ai'Li fLLIIIiI'L'(I lo cli'rllll
,Itteiition iii OUJ. ¢111Lliloi s I'epioi't to Ilie i'el<1tCcl disllosiii-es iii tliL fiiiaiicial sl'll leiiieLILs Di., if SLICII
(lisclosLlt'es ai'c,. lllilLleiiiiilte, to iiiodiFy oiii, opiiiioii. Oiir LoiicIIislOIIS Ill-e b<iseLI oli t]ie clllclit
evi(leiice oLilcillied iipi to tlie clati) OF oiii. aiiclitol S I'LPOL't. I loMievLI', fiitiire eveIitS Ol. iOL)Llilioiis
Illcly CclUSe tlie &? IOLl&I (If pai'e.iit Culllpillly tc) CLcise I'o coiittniie cls a goiiig coiicei'ii.
EviiliiatL) tIIL OVLI'all E)R-LsLiiitilti()11, 5tl'LIL ILII'L. illlLI I".niiti'.iil ol tlie ILllcllliicil stateiiiLJJIts,
iiicliicliiig tIiL cli.4closLlI'es, aiid whLlliei' die fiiitlllLial st¢ltL'iiieiils repi-e.£ei)t tlie iiiicqei'l)Fjiig
'<IIIS<lCtIOllS 1£ IILI L veiils Èli a ill¢)IIIILr tlicl l iicI)iL¥ve.g fic il F)I'os('.Iilatinii.
OLitaii) .siiffir.ieiit Illll?I'C)Ell'jclt(¥ au¢4it CVlL4eiice i'cgcTri'Lliiip, tIIL, Eiii(Illll¢il iiiFc)i'lllcltic)i) of ilic
Lintitii'.s oi. L)IlSlllLSS activilic.5 Trl'illiiii IIIL? bJl'()111) to L'X¥)i'e,ss clll ()l)Illlllli ()]) tli(' kyi'()iipi fiiiaiici<il
Stcl tL￿]I]el1ts. We ¢ll'L' I'o.siioJisiblL) f()L tlic dii'eLli()1i, 8111)ei'visioJi ai)Il F)e.i'f()I'i)iaiic(I nf Ilie
Jl'C)11 ¢lLILlit, WLJ I'oillLllJ) soIL,ly i'espiuiisible for oui. ciiiLlit ()kljllj{111.
WL"_ LOIIIIIILllliQcilL' willi tlii)%cs rliill'gL'(l ivitli ii()IlL'I-Iliiiif.I'. l-L'gT¢ll'il ji)g,
IIIL)Iiir rJlliL'.i' iiiallL'I'.s, Ilie
Il¢]IIIIL'II scoEILI ¢iiiLI liiiiiiig of IIiLJ <iiiilit rlllLI sis?iiiFic<lllt rlllLlil fiiicliiig,.s, iiicliiLliiig, <lliy sigiiifici)Ilt
de.liciencies iii iii tLt-Il¢il Lciiilt'(Il Ilicil Ml ¥
L iLILiilify (liii'iii8 oiii, ciiiilit.
Use o( c)iir i-ei)ui't
'I'lii5 1'L'POI't is Ill<lLI(1 s()ILly t() 11)ft. cliciriL(Ilil('. I'i)IllPlrllly'.S IIIL'I]IIILL',s, c) l)OLIJ', iii ¢lLLC)J'(IclllCC Il'ItII
Ll)cll)t('.1' .3 OF Pa I't .16 c)f tli(.. C.c)Illb)cllliLS AI"l 2(11)C). Oiii. illiclit ii'oi'k lias beeii li ii(IL'I'l¢ikeii .SD Ili¢lt ￿rL)
iiiiylil- skite to IIiL clicli'ilcil)Ic c()illl)cllly'S iiieiiibL'i's tli()SL' Illil ttL'i's M'e Ciri.. I'(.ciiiii'()(I lo .41¢l lo. In Il)oiii 111 Ii 11
cIIILlit()I S I'L'I)Ol't ¢lllLq Foi. tin olli(.I' p)Iii'i)ose. 'I'o IIiL' fiillo..£t i'xl('.Iil' i)ei'iiiitl(.'(I l)}1 l¢lW, li'L ilo iiol <lLLcipI ()i'
,1S$11111('. I'LSP)c)iisiI)jlity Ic) aiiyniie. oilieL' tli¢l1l tlie Pcll'ciII coiiii)Ii LIY (11111 IIIL F
)(Il'('.lit I'()Illllclll)I'S IIIL>I)II)Ll'S
Is a boily, foi. oil r clllclit woi'k, fc)I' tlii.s repoi't, oi. foi. l.lie oF)jiiioi)S II'L liavt, fL)ri)IL'LI,
Mcilcoliii Boyi4ell (Si'iiioi. $1<1trLi Inl'y ALicliloi')
I￿01. atid oil L)eliaLE of
Ilo}Idell & Lu
Stiilii Lc)i'y Auilitoi's
146B Lliiswick l-118TlI Il()ail
l.oiidoii
w4 Ipu
2D25

20.
PADDINGTON DEVELOPMENT TRUST GROUP
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING CONSOLIDATED INCOME AND EXPENDITURE ACCO
FOR'fHE YEAR ENDED 31 MARQH 2025
Note
Unrestricted
Restricted Total funds
Funds
2025
Total Funds
2024
Income
Donations
Charitable activittes
Other activities
InvestrnenLs
53,748
525,617
587,996
6,358
116,775
1,899,5£I8
170,523
2,425,165
587,996
6,358
309,449
2,.322,233
594,698
Total
1,173,719
2,016,.323
.3,1(￿l,042
3,226,380
Expenditure
Charittible activitiÉ)s
1,171,776
2,122,075
q,293,851
3,442,296
'I'otal
1,171,776
2,122,075
.3,298,851
3,442,296
Net income /(expenditure)
(105,752)
(103,809)
(215,916)
"rratisFe.I' bLtWL'L'ii FLiiiLIs
(105,752)
105,752
Net movenient in funds
(101,809)
(I().1,809)
(215,91()
Ileconciliation of funds
f,unLI balaiice.s broiight fc)I'w'aril
597,689
5CJ7,689
813,6U5
Fiind balaiices LarrieLI forward
493,880
493,880
597,689
The notes on the Following pages Eonn part of these financial statements.

PADDINGTON DEVELOPMENTTRUST GROUP
CONSOLIDA"fkD BALANCE SHEEI.
AI. 31 MARC.H 2025
Note
Group
2025
Gi'oup clic11.ity CliarAIy
2024
2025
2024
Lxf.F) A&£}￿."1.5
15
16
11,026
9,009
11,026
100
),OOL)
loo
IiivestlllL)IIts
11,026
9,009
11,12()
9,109
CUIIRf.NT Assf.TS
De.liti)I's
CcisII cil Li¢)iik illlLI iii liri1i11
17
.170,586 180,400
996,241
858,120
215,376
924,781
755',104
1,166,827 1,0.38,520 1,1()11,357 .1,014,637
CREI)ITORS: AMOUNT£ F,AI.I.INC,
I.)UE-, WI I'I-IIN Q)NL Yr.Al<
18
(CI03,973) (.107,444} (597,5(13) (283,661)
Nf.'I' CUl<l<F;, NT A£%T;."rs
J(?2,85L
7.31,1176
562,854
730,976
'I'o'rAL A*I,:'15 1.1,'5S CURIIF,;N'I' LIAIIII,I'I'II,:% 573,8811
740,1185
571,8bll
740,085
CIIL,I)I'I'()IIS.. AMOIJN Ib I,'ALLING
i)ur. IN MC)RF, TIIAN ONI,: YI,:AII
'18a
(80,01)11) 1142,IC)6) {80,000} {14? '19())
'IOI'AL NI'I. A551,;15
49.3,880 5C)7,(}89
£I9.3,8tio
597,Ci119
CAJ?I-I"AI. ANr) riL,SI.,:IIVI.;S
Uiii'esli'icle.cl fiiLlils - &TreiiLI'al FIiiiLIs
Uiiies1'1'icte¢l fLiiicI - IlLSibllllc tc..d f LiiicI.8
Re4tl'iL tecl Iiiiii15
i()
19
19
,451,880
140,000
1157,()89
140,000
,353,880
457,()89
140,000 140,000
'I'o'rAL FUNI)£
49,3,880
597,6S9
493,880
5C)7,689
"riie Elllilticial slilleiiiciits l)clVL LIL'L'II 111-V.i?ai'LLI lll clCCOI'daLICLJ Ii'illi tlIL sp)ecirl1 yirovisiot15 I'elatiiig lo
SJ)l<ill c()iiipaiiiLJS wilhiii Pai'l 15 of tlie Cniiii)(11)ies Act 200().
Api)i'oveLI aiiil LiuIIIi)L'LSLLI Flii, iSSllL, b}r tlie Boic I'L4 of 'l'i'iisLees 1)ii
Ilio. ir L)cliclLf by..
2U25 <lllLI sigiied 011
Gi'iice. ReiLI
Cliair of I rustees
Tlie iiotes oil tlie folloThFllig P¢ibYLS foi'lii &)<ll't of tliese liiiaiicial sli¢ teiiiLiIIs.

22.
PADDINGTON DEVELOPMENf TRUST GROUP
STATEMENT OF CASH FLOWS AND CONSOLIDATED STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARC.H 2025
Note
Group
2025
Group Charity Charity
2024
2025
2024
Net casli infiow/ (outfI()w)
from operating activities
21a
137,455 (112,823) 166,011 (212,739)
Investing activities
Interest inconiL
Purchase of fixed assets
I'urchase ()f inve%lme.nts
6,358
(5,692) (2,1164)
6,.358
(5,692) (2,064)
(ioo)
NLt cash innow from investing activitles
138,121 (114,887)
166,677 {214,903)
I￿inanc.11ig activities
IntL)fL)St paiLI
L()n8-tc'rni l()an finanL.e
NLJI cash iiiflow/(outflow)
fr()m financ-.ing aLlivitie.s
ITicreiisc/ (diLrL'a%L') in ca%h 1c llLI Ccish eL]uivalents
178,1?1 (114,887)
166,677 (214,903)
Casli ancl cash LqUiVcilL'iits at l Api'il 2(124
21b
858,120 97.3,007
758,104
97.1,(K)7
Cash anil cash equivalents at.31 Marcli 2025 21I?
996,241
858,120
924,781
758,104
The notes on the following pages form part of these financial statements.

23.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
I. ACCOUNTING POLICIES
Statutory information
Paddington Develoyiment 'fru.%t is a private cc)mpany limitecl by guarimtee, domiclled in F,ngland and
Wales, aiid with a Companies Hou.se. registration number 03652559, anLI a registerecl charity (numl)er
1080883). lThe rLgistereLI office is Tlie Stowe Centre, 258 Harrow Road, Lciiid()n, W2 5F.S.
statement of compliance
The financial stateinents have been prepared in accorLlance with AcL(iuntiny and Rep￿rtI1}g by
Cliaritie.%.' Ststement of Rec()mmendLLf Practice applicable to charities preparing theij. accounts in
accordance with the Financial Rc'poi'tiiig Stanclaril appllcable iii the UK (F,RS 102) (effective l January
2019) - (Chcirilies SORI) {r,RS I(12)), the Financial I£L'porEiiig StanLl£lra applicable in the UK (FI£S 102)
ia the C()Inpanies Act 2006. 'IhL)re werL' no material departures from the stanilard.
Paclcliiigton DLIvL,lopment 'l'rust mL)Lils the. dL'finilion of a public. benefit L'iitity under I,'IS 111? Assets
and liabilitie.s arLJ initially rec()giiise.Ll at historical c<).4t or tran5actL()ii valiie un]Li.4% ()therwise statL'LI in
the i'L'IL'vant aLL()iinting poliLy note{s).
I'hL' f inanLlcil 4laLenientS cifL' F)re.piarL'LI in stei'liiiy, whiLli is thL, functioiial curre.nLy of thL' Ll)Inp)any.
'Ilie TTllSt('.L'S havLI i'LIViL)Myeil thL' Cliai'ity'.% financial ii{).sit'ion to ensurcs it is appr()Firi<il'L l() proLIuLLS the
acLount% on cl LY{)llig c.()nce.rn bil.%l%.
Groiip financial statemcnts
T]iL (in¢iJicial stat(:menls Lciiis()liilate thL) fL)SLIIts of thL' charity anil it% wholly ()wno.d siibsiiliai'y
Pl)'L' GJ Tracling I.iniite¢l ()1) a line by line basis. A st)p)arale Si<ilo.ment of 14inlc 111.l<il ActivitlL)s and
JnL()me ¢illil l.',xpenLliturLI Acc()Lint f()r the. cliarity have. not bLL'n pi'e.senteil bL'i.ause tIiL .1 rust lia.% takon
advantage of tlie L)XL)mption aEforileLI by section 408 of the Companies Act 21)06. Ilie
trustiL's/ ilireLt()r.% hcive aiiproved the omissi()n of the comF)any's inLliviclLial income and expeiiditlire
accoiint in aLCC)rdaiice witli section 414(1) frc)m tlie company's annu<il accoiints.
Income recognition
Ite1115 c)F incoiiiL al'e recognised in the fiiiancial statements. when all of the foll()wing crileria are met:
the. Charity lias entitlement t() Ihe funds;
any perfornianoe conLlitions hcive. been inet or are fully within the control of tlie ChariLy,' there is
su fficient Lertainty tliat reLeiF)t OF tlie Èncome is LonsiclereLI probable,. aiicl
Ilie amount can be me<15ureLI re.ITaLIly.
Contrtic.l inoome is rLcogLiiseLI ci8 the Charity earns the right to LollsiLler£lti()n thr()ugh the
pei'f()J'inance ol its serviLes.
Govci'iiiiient grcintS (ire rec()
any c()nclilions attaching to
nised on thL pei'forni£inLe m()clel, H'lien the chai'ity has complieLI with
e grant ciiid the grant will be i'eceivecl.
Expenditure recosnition
Expendihire is recognised once there is a legal or constriictive obligation to make payment to a thiril
party, it is probable that settlement will be requireil and the amoiint can be measiired reIiably.

24.
PADDINGTON DEVELOPMENT TRUST GROUP
NOI"ES TO THE HNANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAIICH 2025
cowrINUED
I. ACCOUNTING POLICIES
continued
Expenditure recognition (continued)
Expenditure is classified unLler the following activity heaLlings:
costs OF raisiiig funcls which comprise tliose Costs associated with attracttn
exp)eniliture on charitable. activities M,hiLh comprÉses the cost.s of running t
services for the Charity's benefiLiaries.
ene.ral donationsi clnd
e vari()ii% acl"ivities cind
xpenditure includes those costs of a Llirect nature which can be all(Kated to 11 specific activity. It also
inclLILles inilirecl costs, inclucliiig govemance ciists that Lflo not relate tc) a spectfic aLtivity but al'e
neiessary t() siiy)port theni. Suppoi't costs al'e aliportionecl to ecich ciclivity on tlie Liasis c)f stciff tinie.
Basic financial instruments
Other LIL,btors are recogniseLI lllltially at transaction priLL, ILi%s atlributal?le transacti()n c(Ists. OthL)r
crc'ditors <ifL) re.Logni%*L)d initially ¢lt traiisaction priie plu% attribu tablL, transaLtioii c()sts. Sub%L'L]UL'nt to
initiiil recogniti()n tliL'y are inLiasLired at amortl%LILI c.ost L15Lng, the. e.ffeLtivLi inlerest iiiL'th()cl, less ciny
inipciirmL'iiL. lossLi% in thc. case of trcide. Llelit(Ir4. If thL) ¢11'rangLmenl c(Iii.%titu tes a financing trcill%<lCti()ii,
fi)r (sxaniplc. if paymL)nt is dc'ferreLt bL'yoiid iiormal IiuslllL).SS terrns, IhL'n it is mecl.suro.Ll at tliL prL).sent
valuL) ()( futLiJ'L' PciylliL)iils ilisLciunte.Il ¢lt Ic n)cli'ket rcltL' of iJish'umLinL. lor a sijniliif LleL)t in.%LrumL'nl.
Cash and cash equivalents
Cci%h and Ltish LXILiivaILints coiiipri8e Lasli balcinLe.% anLI l)aJik clLpi)%i ts.
Fund accounting
Unri.stricL('.d bYLillL'f¢il fiinds cire tli()SL' fu nils M,hich c1ri: ErL'L,ly availablL' foi. use in further<inL-e ol tlie
()bjLJcts ()f tlic, Chc)rity cind which havL) n()t b()e.n de%igiiated f()r speci fic purpi)s(>s.
DL'.SlbynatL'II funils arLJ iinre.strLL'.lecl funLls sc)t asidL' by the T'ru%lee.s foi. blcirtic.ular Fiurp()8e.s.
RLsgLrLLteil fuiiLls are fui)Ils whiLli can only bL' used inc 1 CC.()r¢lancc' with spL'LifiL rt'.striitioiis imiioseLI by
the clc)nor or which have lieen i'aisL'LI (or a particiilaA' piirpose.
Depreciation
Dcpireciati()ii 1% provTdeil at rate% Ccilciilated to MTrite off tlie cost of fixeLI assets., less their estinLiled
J'esiilual value, over tlieir expeLteLI L15eful lives at the followin8 rates..
Office. eciiiipment aiiLI fui'nilure
25 /0 reducing l)alance
Pension Schenie
ThL Chciritv operatLS a LlefineLI c()iilriliutTon pension scheme. Contribution% pay11 ble to the SLhe.nie
are Lhargecl ti) Ihe Statement of I,'tnanc_ial ActivitTes in the period to which they i'elll le..

25.
PADDINGTON DEVELOPMENf TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
l. ACCOUt4triNG POLICIES
continued
Judgements and key sources of estimation uncertainty
In the application of the Charity's accounting poIicies, the Trustees are required to make
jULlgeinents, e%tiniates and assuniptions ab()ut the. carryiiig amount of assets (ind liabilities that are
not reaLlily apparent fr()ni other sources. The estimcltes and 1( SSOLiateol a55umptiiin5 are bci%eil ()n
hi.sloriLal experiLince and other factors tliat arL) consiLlered to relL3vant. Actual rosults may Lliffer
from these estimates. The estimate.s Ic ncl iinderlying assuinptions are reviewed on ali ongoing
basis. Revisi()n.s t() acLounting estimates are reLogiiise.d in the peri()d in which the estim<ile. is
reviseLI where tEie revision affec.ts only that period, or in the periocl of the revision ancl fu￿re
periods where tlie revision affects boih current and future periods.
The Triistees do not Lonsider there to be any estimates OT judgements that are critical to the
finaiicial statL'nients.
2. FINANCIAL FERIORMANCE OF'I'HL CHARITY
'IIILI ccinsolidatL'cI stcltL'inL'nt ()E Einancial activitiL)s inclLILles thp. results of the charity's wholly
ownL)Ll sub.4idiary which was inL()rFiorcil'L'd by thL, I?ciLILlingt()n l)LIVL,l()p)mL)nl '1 i'u%l on 24 1",ebruary
21)23, anLI whiLh ()pL'i'ale.s Llie. Llay to Llay i-iiniiinLy of Gi'anLI Jiinction, (i venuL, fc)r cirt.%, cuLturLi aiiLI
cc)rnmuni(y ba%L'LI <lt St M<iry Mlc gLlele.ne. ChurLh in I'addiiiyt()n.
I'IILI 4Limii)ary finclllclcil pTrL'rf()i'mclllCL of ilie Lhai'ity aI()nLI Is..
2025
2024
Income
Ain()unt gift aiilc'cl from subsicliary Lompany
3,123,088
66,954
3,072,328
65,458
3,190,042
1,177,786
F.xpenilitLire on cliaritable activities
(3,293,851) (3,35.3,702)
Ne.l (e.xpendittire)/ incoine
(103,809)
(215,916)
Total fLinds brouglit forward
597,689
81.3,605
'l()lal Iiinds carried forwarcl
493,8811
597,68L)
Repi'esentecl by:
RLStriLtecl (unds
UnrestricteLI fLincls
493,880
597,689
"fotal funds
493,880
597,689

26.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2015
CONTINUED
3. DONATIONS
CURRENf YEAR
Unrestricted
I",unds
2025
Restricted
Funds
202.5
Total
Funds
2025
Total
Funds
2024
DonatL()ns (')
53,748
116,775
170,523
30CJ,449
(') inLluclea in resti'ictLd donati()ns is £iiil from the Foyle Foundati()n (2024: £5,000).
3. DONATIONS
PRIOR YEAR
Unrestsicted
l.iinds
2024
Restricted
Funds
2024
Total
l unds
2024
Total
l unds
2023
Donations (')
2,672
806,777
309,449
.818,247
(') inLluclL'LI in restriLted Ll()nations is £5,000 from tlie l.i)yle F.ounda ti()n (2(124: £10,000).
4. INCOME I',110M CHARITAIILF. ACTIVITILS
CURRENT YEAR
Unrestyicted
b'unds
2025
Ilestricted
Funds
2025
I'otal
Fund5
2025
'I'otal
Fuiids
2024
DWP Women 50+
GLA Bootcamp
Big L()ttery Fund (Biiitding Better
Opp()rtunities)
F lamiiiersmith & Fiilliaiii Council L?2,233
F4SFA (Adult Ecluc<lti()ii)
'1 ri-boroiigh Public Health
'llie I leritage Lottery F,iiiiil (SMM)
WCC - Other Grants
Central L()ndon I lealth Lare. (NHS)
Other (ees and c(IntribLItii)Iis
GT,A (Good w()rk f()r (ill)
Arts Council Englcincl
BIL) T Dttcry BSCF
clucation aiid Skills
iinding AgLJlILy (EsfA)
22,8,37
53,789
53,789
411,684
411,684
222,?3.3
182,384
1.3,296
35(),859
119,754
42,C).38
477,0911
J.15,886
295,799
51)2,862
477,090
115,886
462,466
502,362
113,880
166,667
22.3,280
102,245
2611,91.9
57,174
26,,30.3
113,880
5?5,617
1,899,548
2,425,165
2,322,23.3

27.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
roR THE YEAR ENDED 31 MARCH 2025
CONTINUED
4. INCOME FROM CHARITABI.E ACTIVITIES
PRIOR YEAR
Unrestricted
Funds
2024
Restricted
Funds
2024
Total
Total
Funds
2023
2024
t)WP Kickstart
Sb GJ.A Mayor's Academies
Big Lvttery 14ullLI (F3uilding Better
Opportunities)
F,ducatioii aiid Skills
Fiinding Ageiicy (Esf,A)
GI.A {G()()d w()rk for <lll)
I lamrnersii)ith & bulliani Council 182,884
rsr,A (Adult fcluccilion)
13,296
'I'ri-li()rougli Public Hc'alth
Bisi Lc)ttL)ry LISCb
'rhe I Ieritagye l.()ttLiry r,unLI (SMM)
WCC - Olhe.i' Gi'<lllt.%
Central Li)iiil()ii l.lealth Care (NJ IS)
Ai'ts Couiicil r,'nglciiiiA
lo.es ¢illLI Lolltribulions
34,553
421,351
694,784
694,784
81,415
81,415
577,54.3
1,218,208
559,185
260,L)19
260,919
182,384
13,296
351),859
9,671
292,515
.350,859
119,754
IIC),754
136,123
223,28()
236,123
223,?80
57,174
102,245
102,245
96,3(11
5,34,048
1,788,1145
2,322,23.
,3,427,246
5. INC.OML FROM OTIIER ACTIVITIE.S
CURRF,NT YLAR
Unrestricted
Funds
Ilestricted
Funds
Total
Fiinds
Total
Funds
2025
312,878
2025
202.5
312,878
2024
440,570
Rental incoine
Tlie wholly owneL1 tralling %Libsicliary I)D'I' GJ "Frailing LimiteLI was iniory)i)rateLI in the United
KiiibJLloni (compiany niimL)er 14686737) on 24 Februaiy 2023 an(1 transfers it% cThllucl1 profits to
the charity under the HMRC-agreed gift aid SLheme. J)[)'r GJ Trailing LimiteLI oper<lte% the.
GranLI JiinctAI)i) a I St Mary Magdalene Churih ni l)clLldington T.ondon, which operates a iiew
comMi￿ltY arts 1£ ncl ciillLire venLie (se.e note 16 bclow).

PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
5. INCOME FROM OI'HER AcfiviTIES
CURRENT YEAR
CONTINUED
'Ihe %ummciry financial performance ()f the subsidiary is:
2025
2024
Turnover
C()st of ,%ales
275,118
(208,161)
154,128
(88,670)
Net profit
Arnounts gifted to the Charity
66,954
{66,954)
65,458
(65,458)
Retained in the subsidiary
The assL'ts anLI liabilities of the subsicliary were:
Cui'rL)Ilt assets
Current li<ibilitie.s
Non-current liabilitlL)S
72,272
(72,172)
119,341
(89,?41)
(30,000)
Total nLt a.s%L'ts
ioo
100
10()
100
5. INCOME FROM OTFIER ACI'IVITII.S
I)RIOR YF.AR
Unrestricted
Funds
2024
Restricted
r,unds
2024
Total
Funds
2024
Total
Fcinds
2023
Rental inLome
335,326
11)5,244
440,570
412,54
6. INVESTMENf INCOME
Unrestricted
Funds
2025
Restricted
Total
Funds
2025
'rotal
lunds
2024
2025
Bit nk inte.rest
Funds
2024
Fiinds
2023
2024
2024
Bank interest

29.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES 'I"O TFIE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONfiNUED
7. EXPENDITUIIL ON CFIAIIITABLE AcfIvITIES
Direct
Costs
CURRENT YEAR
Support
Costs
Total
202.5
Total
2024
Stowe Community Centre
Skills anLI Traiiiing Centre (GLA)
Community Champi()ns
Big l.ottery Fund (BBOj
Grand Junction
Esf,A Mayor's Academies
FSFA Community Grant (EQUIP)
ChurLh StrL)et NLiighbourhood Centre
Emi)loyment (T)WP Kickstart)
374,856
256,315
923,466
644,928
7.37,565
48,990
423,846
289,813
1,(144,153
729,213
598,439
327,270
499,882
650,985
14,167
881,750
1,067,483
759
120,687
84,285
69,261
Total
2,C)37,110
356,721
.3,298,851
3,442,296
7. EXPENDITURE ON QHARITABLE ACTIVITIES
Direct
PRIOR YIAII
Support
Costs
'rotal
21)24
'I'otal
2023
T,'sr,A C()mmiiiiity Granl (l.iQUII)
ChLifi h £treet Neighb()urhc)ClLI CL)ntrL'
l-;mp)l()ymenL (I)WI) KiLkstai't)
r..SfA May()r'% AcaLlemios
St()WL, Cc)mniuiiity Centi'c..
Skills cinLI'I'r<iinin&y CentrL' (GLA)
C()minunity Champi()n
Big LcilLery Fuiicl (13BO)
GrclnLI Junctioii
759
759
1,201,457
28,229
327,507
250,573
668,336
.181,68()
632,594
607,111
)51),723
2C)I C)67
445,L)60
580,763
14,167
7L)6,276
116,761)
1,067,483
327,27()
4()9,882
650,985
14,167
881,750
53,L)22
70,222
85,474
'I'c)tal
3,080,615
361,681
3,442,296
4,09,3,613
8. ANALYSIS OF DIREcf COSTS
Total
202.5
Total
2024
Wage.% tind .salciries
Tuition Eees cind consultancy
Premises/ofEioe Losts
Youtli aiiLI Lommunity supp()I t events Losts
Grancl JunLtion expeiiLlitiii'e
l)roLFramme parLners costs/grants payable lo institutt(Ins
Olher ilirect costs
1,664,110
146,652
406,028
21.3,89.8
2(18,391
217,227
80,829
1,399,.323
197,528
387,322
492,?J4
88,670
460,805
54,683
2,937,130
3,080,615

30.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE HNANCIAL STATEMENTS
1.011 THE YEAR ENDED 31 MARCH 2025
CONTINUFD
9. ANALYSIS OF SUPPORT COSTS
2025
2024
Staff Cos
Insurance and bcink charges
Sundry
Staff adniinistration (recruitmeiit)
offic.e c()%t
Sub%criptions
Printing, statioiiery and computer coiisumables
Communication costs
Travel
LL'gal and professional fee%
Gove.rnance co.%t.s (ni)te 10)
Depreiiati()n - funiitUi'L' ancl L'quiF)ment
C()nsiiltaniy
Communily I?r()jL'Lt (F()()abcink)
279,783
7,276
275,230
3,969
7,200
6,000
6,000
5,655
5,722
4,108
8,266
24,725
2,823
3,522
13,799
5,247
20,000
.356,721
.361,681
10. GOVERNANCL. COSTS
2025
2()24
Sta f f Losls
AiiLlil'c)i'%' ri'muner<ltion
AiiLlitors' i'emuiiei'<il"ioii iirior yL)cir
14,725
111,o()o
14,486
tl,51)0
813
24,725
11. NET INCOM
EXPENDITURE
2025
2024
Net income/ (expendil'iire.) for the year is statLd after charging:
T)epre.(-iatii)n
12. TIIUSI'EIS, RF,MUNERATION AND LXI'INSES
'I'he 'l'rii%tees neither reLeived nor waiveLI ciny emoRiimentS Lluring thL year (2024.. £nil). No
expenses were reimbiirseiq to "I'riisle.e% Lluring thL year (2024.. £nil).

31.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR T14E YEAR ENDED 31 MARCH 2025
CONTINUED
13. 5"I'AFF COSTS
2025
2024
Salaries and Wciges
Social security costs
l ensi(In costs
1,730,037
148,354
80,227
1,491,9(1,3
133,611
1,958,618
1,689,039
There w'as no employee whose emolunients as defined for taxatton puryose.% am()unte.d to
over £60,000 tn eithei. year, other than the Lhief F,xecutivL Officer wlio eariied £74,688 (?024:
£72,51.3), tlie Chief binancial OfficLir who eariied £69,624 (2024: £64,285 and the HoaLfl of
C()nti'act niaiiagement wh() eai'ned £60,166 (2024.. £64,244).
T]ie total key management personnel compensation ainouiitLLI to £285,175 (2024: £293,008).
-Ihe averagL' nuinber of eniiiloyees, calculaleLI oli a Eull-tiinLI L'L]uivalent basis, ani¢ lysL'a by
function wa%:
2025
Number
46
2024
Nuniber
44
L)irc'.c.l i-haritalilL) activitie s
MaiiilgC'illL'nt anLI aclminisl'ration
51
49
14. 'fAXATION
The chariLIl?lo. Lompiciny is exempt (roin corporation tax on its LliaritablL) aclivilies c.arriecl out
cluriiig Ilie yL'ar.
15. '1'ANGIBLE FIXED ASSLTS- CHARIIry
ALSO COMPRISING TIIAT OF'fHF. GROUI,
Office equipment
and furnlture
COST
At l ApTri'il 2024
Addition5
76,057
5,692
At 31 M&irch 2024
81,749
DEPRECIATION
At l April 20?4
Charge. foi. the year
67,048
.3,675
At %] March 2025
70,713
NET BOOK VALUE
At.31 March 2025
11,026
At.31 March 2024
9,009

32.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE HNANCIAL STATEMENTS
F,OR THE YEAR ENDED 31 MARCH 2025
CONTINUED
16. INVESTMENrs
The oharity holds 100 share% ()f £1 each in its wholly ()wne(I traLling subsidiary cc)mpany
l)L) I. GJ Tracling LimiteLI which was incorpoi'atoLI In the United Kingdom on 24 February 2023.
These are the only share.s allottLd, called up and fully paid. 'Ilie aclivitie.s anLI results of this
company is suinmarisecl in n()te 5 abovL.
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Group
2025
Group Charity
2024
2025
Charity
2024
Government grants duL
Amounts OWL'LI by subsiLliary
Oiher debtors
PrL'payments
102,310
176,687
102,110
68,161
611,459
4,646
157,362
95,458
63,630
4,646
3,713
3,713
17n,586
180,400
235,576
256,5.13
18. C.RF.DITOIIS: AMOUNTS r.ALLING DUE WITHIN ONE YF.AR
Group
2()25
Groiip
2024
Charlty Qharity
2025
2024
Tr£lLlc' LrL'IlAlors
Gi'ants p?ay¢ibl(:
Accruals ancl clL,fL'rrL'd incom(:
OthLir taxi)s anil social sLcurity
Other credit()rs
22,768 56,943
6(),157
?0,000
.35.1,984 11)5,581
12,897
141,697 64,148
66,157
355,C)88
12,897
1.75,855
20,000
106,581
75,179
603,973
307,444
597,50.3 283,661
18a. CIILDITOR5: AMouKfs FALLINC DUE IN GREATEII THAN ONE YEAR
Group
2025
Group
2024
Charity Charity
2025
2024
Other c.reditors
811,()IK)
14? 396
80,000 142,396
Other creLlitors c.omprise tw() Luise.c.iired loans (2024: three unsecurecl 101£ ns), whtcEi are
interest ETee and repayable between twoi rnd six years (2024: two and seven years).

33.
PADDINGTON DEVELOPMEf4rf TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
19. CONSOLIDATED STATEMENT OF FUNDS
CURREFif YEAR
Atl ApriI
2024
Income L4xpendituro
Transfers
At 31 March
2025
Restricted funds
Gl.A Bootcamp
Big Lottery Fund (BuilLling
Better Opportunities)
F,SFA (Allult ELlucatioii)
'I'i'i-borough Public I le.alth
D()ncitions - CharitablL' Trusts
ancl 14oundations
Wcstmin%tL)r City Council -
Other graiits
ThL, Fle.ritagyL' L()tte.I'y Fund (SMM)
e.ntral Lonclon HL'alth CarL' (NI IS)
53,78C)
(5.3,789)
411,684
42,C).38
477,090
(411,684)
(42,938)
(477,119())
116,775
(116,775)
295,799
115,886
51)2,.3()2
(401,551)
(115,886)
(502,3()2)
105,752
T()tal re.strictL'LI funds
2,(IIC),328
(2,122,075)
105,752
UiirL'stricteLI fiinds
GenL)ral funLIs
DL'sigynatL'LI funil
ro.Llund<lllLy Losts
457,689
1,17.3,719
(1,171,776) (105,752)
.353,880
140,11(11)
140,0011
Total iinr('.striLtL'cI fiiiids
597,689
1,173,71C)
11,171,776) (105,752)
4C)3,880
I'otal fuiicls
5C)7,689
.3,190,042
13,293,851)
493,880
l)etails of the purp()se of each fund cali lie f()IlllLI in Ehe Trustees Annual Rep)()rl.

PADDINGTON DEVELOPMETrTf TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
19. CONSOLIDAI'ED STATEMENf OF FUNDS
PRIOR YEAR
At l April
202.3
Income Lxpenditure
Transfers
At.31 March
2024
Restricted funds
F.duccition anLI Skills bunding
Ageiicy (LSFA)
Big T.ottery Fund {(Iluililing
Be.tter Opporlunitie.s)
'rri-b()rough Public Heal th
I)WP kickstart
FSF GLA Mayor's Academies
GT.A Good W()rk for All
Donations - CharitablL, 'frusts
and bounilation.
'rhe. Heritage Lottery liund
Centr¢il T.()niloii 14e.altli C1c re (NHS)
Arts C()Iincil r.ii&ylcinLI
GrcillLfl Jiincli(In rLint & Lollc".L.)%Si()n
81,415
,350,859
(81,415)
(350,859)
694,784
2611,919
{694,784)
(26(1,919)
306,777
119,754
223,282
57,174
105,242
(,306,777)
(119,7541
(22.3,282)
(57,174)
(121,41)0)
16,158
Ti)tcil rL).%trric.tL'cI fiinLIs
2,201),211C)
12,216,364)
16,158
Uiire%triiteLI futlLIs
Ge.IlL'f<il fLinil8
l)Lisigi)dtea lunLI
rL,diiiidancy cost%
67,8,605
1,(126,174
11,225,1)72)
(16,158)
457,689
140,0011
1411,OUO
Total Lini'ests'icted funcls
813,605
1,026,174
(1,225,932)
(16,158)
597,689
l otal funds
813,605
3,2?(?,380
(3,442,296)
597,689

35.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOII TFIE YEAR ENDED 31 MARCH 2025
CONfINUED
20. ANALYSIS OI,, CONSOLIDATED NEI. ASSETS BETWEENFUNDS
Total
Total
Group
Group
2025
2024
cuRREr￿ YEAR
Total
Total
Funds
Funds
2025
2024
Unrestricted Restricted
Tcingible fixecl assets
Investments
Cash at bank
othe.r current assets
Curreiit liabilities
Long-tei'in liabilities
11,026
11,026
9,009
11,026
100
996,241
858,120
924,781
170,586
180,400
235,576
(-) (603,973) (307,444) (597,5(L8) (283,661)
(80,0(10) (80,000) (142,396
(80,OIN)) {142,396)
9,009
100
758,104
916,241
171),586
(603,973)
80,OUO
493,880
493,880
597,689
49.3,880 597,689
ANALYSIS OF CONSOI.IDAI'ID NET ASSE"rs BETWEEN I',UNDS
Tutal
Total
Group
Group
2024
2022
PRIOR YEAR
'rotal
Funds
2024
Total
Unrestricted Restricted
2023
lanyible. fixiil a%.set%
InvL)StniL)nts
Ca%lic 1 t bank
Otlie.i' ciTI'rLJlIt asse.ts
Curi-l'nt liabiIitiL)8
l.()niY_tLirm li<ibAlitlL)S
),ouc)
9,1109
),948
9,01)9
.1 01)
715,724
858,12U
97.3,U117
758,104
180,401)
973,1107
180,400
379,118
?56,533
(307,444)
379,118
(-) (31)7,444) 14(11,072) (283,661) (41)1,1172)
(-) (14? .396) (142,.396} {147,396) (142,896) (147,396)
597,689
597,689 81.3,605
597,689
9,948
142,.3CJ6
81.3,605
21. NOTES TO THE C.ONSOLIDATED SI'ATEMENf 01." CASHFLOWS
Ileconciliation of
deficit
sur
Ius to nct cash inflow from o
2025
Group
eratin
activities:
2024
2025
2024
Group Charity Charity
(11).3,809) (215,916) (10.8,809) (215,916)
Net {Lle.ficit) f()i' the year
Ad listments to recoiiLile 1lLfiLIt for Llie
to net Lash flow froni o )eratiii
activitiLs:
l)epire.ciati()n of i?Icint anLI eoiiiipinent
Bank llilerest reLeiveLI
Wc)rkin
ca
itr11 movements...
DecrL'ase/{inci'e£ise) in Llebtors
Increase/ (decrease) in creLlitors
3,675
(6,358)
(6,.1￿}
9%14
234,1.33
198,718
20,957
122,585
(98,628) 251,546 (122,411)
Net cash infloM,/{ou tflow)
(rom operating activities
137,455 (112,823) 166,011 (212,739)

36.
PADDINGTON DEVELOPMENT TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 I¥IARCH 2025
COTrU'INUED
21. NOTES TO THE CONSOI,IDATED STATEML.Nr OF CASHFLOWS
CONTINUED
b. Cash and cash e
uivalents:
2025
2024
Cash at bank ￿]d in hand
996,241
858,120
Chan
e in net cash:
At l Ai)rtl
20?4
858,121)
RecIassificatioii
Cash-flow.
At 31 Marcli 2025
138,121
996,241
(107,-3CJ6)
T,L)ans falltng clue
in Iess tlian
ear
L.oan.% f<il liny, IliiL'
in iiiorL than
(107,3C)6)
(142,396)
107,196
(45,01)())
(80,IN)O)
TOTAI, NLT
CASH
715,724
93,121
808,845
d. Ma
or non-cash transactions:
'IhL're. wore ni) majc)r non-c.ash trans<lCti()ns t() L4i.sclosi, (2024.. iione.).
22. COMPANY SI'ATUS
The parent comp?any is a rLgisterecl charity ciiid private coni?any liiiiited by gu¢iraiitee anil
cloes not have a share CclP)Ital.
Every iiiembLJr is liiiblL3 t() p)ay an aniouiit ()f up) to £1 to meet the liciLijlities ()F the compi<iiiy in
tlie event tliat it 1.5 woiincl up ()r it beLomes insolvent.
23. REI,ATED PARTY TRANSACTIONS
f)uring the yLar the Qliarity enterecl into no trcill.4actions, ii) the ordinary course ()f biisiness,
'ith otlier relateLI parlies w'ith the exceplion of remunerati()ii paid to it% employee% (qee note
12 above).
24. 1'EN.SION COMMII'MLNTS
Ihe company operates a defined contribulion pen.sion sche.me, the PD'I. T.imitecl Gi'OUPI
I)ersonal Pension Scheme wilh The People's Pension, for all employees. 'Ihe assets of the
scheme are held separately from those of the company in an independently administered
fiind. At the balance sheet date, unpaid contribiitions of £12,897 (20?4: £13,297) were due to
the funLI.

37.
PADDINGTON DEVELOPMENf TRUST GROUP
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
CONTINUED
25. OPERATING LEASE COMMITMFNTS - CHARITY
THE GROUP
ALSO COMPRISING THAI. OF
At the balaiice %heet date, the. Charity haa the f()llowing total future minimum lease payments
unLler non-c.anLelIcible. operating leases f()r each of the following periods:
Land and Buildings
2025
2024
Within ()ne year
After one year but within five years
GreatL'r thali five year
17,227
17,227
26,831
13
17
44,077
44,071
"niL' Cliarity enlerLILI into a 25-yecir le<lSC' ()n 28 July 2017 with thL, St Mary MagLlalenL' Church
in PaLlilingTt()n c)ii an cinnual Ll le.asL'.
26. LON'I'INGEN'I. LIABILITIES
At 31 March 20?5, thL' Cliarity had n() Lontinbyent licibilities.
27. OFF BALANCE SHI.ET ARRANGEMEwrs
Olhei. than the operating lease commilniisnts disili)qed in note 25 tliere. arLi iio malericil nff-
b£il¢lJlLL) .%heet ¢?rrcingL)ments tc) IliSLIosL.
28. EVENTS SINCE I'HI 11A1..ANCE SIIEF.'I' DA'I'E
There are no events on which to report.
29. FINANCIAL INSTRUMENTS
The Charily has li() i)the.r FinanLial iThstrurnents than basic fllianci£il instruments.