Charity registration number: 1085070
Westbourne Park Family Centre
Annual Report and Financial Statements
for the Year Ended 31 March 2023
Field Sullivan Limited 9 Hare & Billet Road Blackheath London SE3 0RB
Westbourne Park Family Centre
Contents (continued)
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' Report | 2 to 3 |
| Statement of Trustees' Responsibilities | 4 |
| Independent Examiner's Report | 5 to 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 to 17 |
Westbourne Park Family Centre
Reference and Administrative Details
Lena Choudary-Salter
Chairman Lena Choudary-Salter Trustees Concia Alicia Albert Kenneth Asiedu Reverend Richard Johnathan Dryer Felix Kuforiji Elsie Kusi-Appiah Charity Registration Number 1085070 Principal Office Westbourne Park Family Centre Porchester Road London W2 5DX Independent Examiner Field Sullivan Limited 9 Hare & Billet Road Blackheath London SE3 0RB
Page 1
Westbourne Park Family Centre
Trustees' Report
The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023.
Objectives and activities
Public benefit
The Trust seeks to demonstrate the Christian faith in action by providing support to strengthen local families, helping to promote positive family life, particularly those disadvantaged.
The main activities undertaken to support these aims include: 6 weekly 'Stay and Play' sessions with parenting advice 0-4 year olds and parent/carers; after school and holiday clubs for 4-11 year olds; Young Leaders' project for 11-19 year olds, including weekly youth club; supporting local primary schools with assembilies and health and wellbeing activities for families.
The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.
Structure, governance and management
Objectives and policies
The charity's activities expose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of financial derivatives is governed by the charity's policies approved by the board of trustees, which provide written principles on the use of financial derivatives to manage these risks. The charity does not use derivative financial instruments for speculative purposes.
Cash flow risk
The charity's activities expose it primarily to the financial risks of changes in foreign currency exchange rates and interest rates. The charity uses foreign exchange forward contracts and interest rate swap contracts to hedge these exposures.
Interest bearing assets and liabilities are held at fixed rate to ensure certainty of cash flows.
Credit risk
The charity's principal financial assets are bank balances and cash, trade and other receivables, and investments.
The charity's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which, based on previous experience, is evidence of a reduction in the recoverability of the cash flows.
The credit risk on liquid funds and derivative financial instruments is limited because the counterparties are banks with high credit-ratings assigned by international credit-rating agencies.
The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers
Page 2
Westbourne Park Family Centre
Trustees' Report (continued)
Liquidity risk
In order to maintain liquidity to ensure that sufficient funds are available for ongoing operations and future developments, the charity uses a mixture of long-term and short-term debt finance.
Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements.
The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Lena Choudary-Salter Chairman
Page 3
Westbourne Park Family Centre
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
Approved by the trustees of the charity on .................... and signed on its behalf by:
......................................... Lena Choudary-Salter Chairman
Page 4
Westbourne Park Family Centre
Independent Examiner's Report to the trustees of Westbourne Park Family Centre
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is made solely to the charity’s trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for my work, for this report, or for the opinions I have formed.
Responsibilities and basis of report
As the charity trustees of Westbourne Park Family Centre you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the Westbourne Park Family Centre's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the financial statements. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no opinion as to whether the financial statements present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
Since Westbourne Park Family Centre's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of Westbourne Park Family Centre as required by section 130 of the Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Page 5
Westbourne Park Family Centre
Independent Examiner's Report to the trustees of Westbourne Park Family Centre (continued)
......................................
Tim Sullivan Field Sullivan 9 Hare & Billet Road Blackheath London SE3 0RB Date:.............................
Page 6
Westbourne Park Family Centre
Statement of Financial Activities for the Year Ended 31 March 2023
| Note Income and Endowments from: Donations and legacies Expenditure on: Raising funds Charitable activities 4 Total expenditure Net movement in funds Reconciliation of funds Total funds brought forward Total funds carried forward 11 |
Unrestricted £ 104,494 (15,464) (76,808) (92,272) 12,222 71,058 83,280 |
Restricted £ 175,319 - (175,732) (175,732) (413) 1,493 1,080 |
Total 2023 £ 279,813 (15,464) (252,540) (268,004) 11,809 72,551 84,360 |
Unrestricted £ 125,244 (6,898) (112,367) (119,265) 5,979 65,079 71,058 |
Restricted £ 112,627 (1,850) (113,858) (115,708) (3,081) 4,574 1,493 |
Total 2022 £ 237,871 (8,748) (226,225) |
|---|---|---|---|---|---|---|
| (234,973) | ||||||
| 2,898 69,653 |
||||||
| 72,551 |
All of the charity's activities derive from continuing operations during the above two periods.
The funds breakdown for 2022 is shown in note 11.
The notes on pages 9 to 17 form an integral part of these financial statements. Page 7
Westbourne Park Family Centre
(Registration number: 1085070) Balance Sheet as at 31 March 2023
| Note Fixed assets Tangible assets 7 Investments 8 Current assets Debtors 9 Cash at bank and in hand Creditors: Amounts falling due within one year 10 Net current assets Net assets Funds of the charity: Restricted income funds Restricted funds Unrestricted income funds Unrestricted funds Total funds 11 |
2023 £ 2,584 31,229 33,813 1,743 56,639 58,382 (7,835) 50,547 84,360 1,080 83,280 84,360 |
2022 £ 2,780 32,086 |
|---|---|---|
| 34,866 | ||
| 4,666 39,322 |
||
| 43,988 (6,303) |
||
| 37,685 | ||
| 72,551 | ||
| 1,493 71,058 |
||
| 72,551 |
The financial statements on pages 7 to 17 were approved by the trustees, and authorised for issue on .................... and signed on their behalf by:
......................................... Lena Choudary-Salter Chairman
The notes on pages 9 to 17 form an integral part of these financial statements. Page 8
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023
1 Charity status
The charity is domiciled in England and Wales.
The address of its registered office is: Westbourne Park Family Centre Porchester Road W2 5DX
Authorised for issue date
2 Accounting policies
Statement of compliance
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 (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102) - Second edition October 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011.
Basis of preparation
Westbourne Park Family Centre meets the definition of a public benefit entity under FRS 102. The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
Going concern
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
Judgements and key sources of estimation uncertainty
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the periods in which the estimate is revised where revisions affects only that period, or in the period of the revision and future periods where the revisions affects both current and future periods.
Income and endowments
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
Page 9
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
Donations and legacies
Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.
Grants receivable
Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.
Expenditure
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
Raising funds
These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds.
Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Taxation
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
Depreciation and amortisation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
| Asset class | Depreciation method and rate |
|---|---|
| Funiture and fittings | 20% straight line |
| Office equipment | 20% reducing balance |
Page 10
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
Fixed asset investments
Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal.
Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade creditors
are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Fund structure
Unrestricted income funds are general funds that are available for use at the trustees discretion in furtherance of the objectives of the charity.
Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Page 11
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
3 Income from donations and legacies
| Donations and legacies Grants, including capital grants Regular giving and capital donations |
Unrestricted funds General £ 47,558 24,000 32,936 104,494 |
Restricted funds £ - 175,319 - 175,319 |
Total 2023 £ 47,558 199,319 32,936 279,813 |
Total 2022 £ 38,311 158,070 41,490 |
|---|---|---|---|---|
| 237,871 |
4 Expenditure on charitable activities
| 4 Expenditure on charitable activities |
||
|---|---|---|
| Purchases Wages and salaries Depreciation Allocated support costs Other staff costs Social security costs Pension costs Subcontractor (Bookkeeper) |
Total 2023 £ 15,464 169,344 846 43,418 4,210 8,200 13,773 12,749 268,004 |
Total 2022 £ 8,748 148,893 845 41,442 2,258 10,297 12,340 10,150 |
| 234,973 |
| Analysis of governance and support costs Rent Insurance Office expenses Trade subscriptions Independent examiner's fee (Gain)/loss on programme related investments |
Total 2023 £ 34,725 1,146 2,857 460 3,372 858 43,418 |
Total 2022 £ 36,153 - 3,726 195 3,120 (1,752) |
|---|---|---|
| 41,442 |
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Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
5 Staff costs
The aggregate payroll costs were as follows:
| Staff costs during the year were: Wages and salaries Social security costs Pension costs Other staff costs |
2023 £ 169,344 8,200 13,773 4,210 195,527 |
2022 £ 148,893 10,297 12,340 2,258 |
|---|---|---|
| 173,788 |
No employee received emoluments of more than £60,000 during the year
6 Taxation
The charity is a registered charity and is therefore exempt from taxation.
7 Tangible fixed assets
| Cost At 1 April 2022 Additions At 31 March 2023 Depreciation At 1 April 2022 Charge for the year At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 |
Furniture and equipment £ 5,031 650 5,681 2,251 846 3,097 2,584 2,780 |
Total £ 5,031 650 |
|---|---|---|
| 5,681 | ||
| 2,251 846 |
||
| 3,097 | ||
| 2,584 | ||
| 2,780 |
Page 13
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
8 Fixed asset investments
Other investments
| Other investments | ||||
|---|---|---|---|---|
| Cost or Valuation At 1 April 2022 Revaluation At 31 March 2023 Net book value At 31 March 2023 At 31 March 2022 9 Debtors Prepayments Accrued income Other debtors 10 Creditors: amounts falling due within one year Trade creditors Other taxation and social security Other creditors Accruals |
Unlisted investments £ 32,087 (858) 31,229 31,229 32,087 2023 £ 250 - 1,493 1,743 2023 £ - 3,463 1,000 3,372 7,835 |
Total £ 32,087 (858) 31,229 31,229 32,087 2022 £ 50 1,493 3,123 |
||
| 31,229 | ||||
| 31,229 | ||||
| 32,087 | ||||
| 2023 £ 250 - 1,493 1,743 2023 £ - 3,463 1,000 3,372 7,835 |
||||
| 4,666 | ||||
| 2022 £ 714 2,469 - 3,120 |
||||
| 6,303 |
Page 14
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
| 11 Funds Unrestricted funds General Total unrestricted funds Restricted Funds Big Lottery Fund City of Westminster Jack Petchey PDT Young Westminster Foundation London Community Foundation BBC Children in Need Co-op Local Community Fund London Youth Foundation Whitely Community Foundation John Lyons Westminster Foundation Restricted funds Total funds |
Balance at 1 April 2022 £ 71,058 71,058 - - - 1,493 - - - - - - - - 1,493 72,551 |
Incoming resources £ 103,636 103,636 10,000 30,900 900 716 39,590 15,000 27,750 2,543 1,000 4,920 30,000 12,000 175,319 278,955 |
Resources expended £ (91,414) (91,414) (10,000) (30,900) (900) (1,129) (39,590) (15,000) (27,750) (2,543) (1,000) (4,920) (30,000) (12,000) (175,732) (267,146) |
Balance at 31 March 2023 £ 83,280 |
|---|---|---|---|---|
| 83,280 | ||||
| - - - 1,080 - - - - - - - - |
||||
| 1,080 | ||||
| 84,360 |
Page 15
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
| Unrestricted funds General Total unrestricted funds Big Lottery Fund City of Westminster Jack Petchey PDT Young Westminster Foundation London Community Foundation Garfield Weston BBC Children in Need Restricted funds Total funds Restricted Funds |
Balance at 1 April 2021 £ 65,079 65,079 - - - - - - - 4,574 4,574 69,653 |
Incoming resources £ 126,996 126,996 8,000 7,500 1,350 11,113 22,425 19,989 15,000 27,250 112,627 239,623 |
Resources expended £ (121,017) (121,017) (8,000) (7,500) (1,350) (11,113) (22,425) (19,989) (15,000) (30,331) (115,708) (236,725) |
Balance at 31 March 2022 £ 71,058 |
|---|---|---|---|---|
| 71,058 | ||||
| - - - - - - - 1,493 |
||||
| 1,493 | ||||
| 72,551 | ||||
Big Lottery Fund is for supporting the Acorns project.
City of Westminster provided three grants to the charity, one for the Acorn, Club Express and Young Leaders respectively.
Jack Petchey provides support for the Young Leaders project.
PDT provides support salary costs.
Young Westminster provided two restircted grants to support Club Express and Young Leaders as well as providing fudign for general running costs.
London Community Fund provides support for the Young Leaders project.
BBC Children in Need provides support for the charities Early Years projects.
Co-op Local provides support for the Young Leaders project.
London Youth provides support for the Young Leaders project.
Whitely Community provides support for the Young Leaders project.
John Lyons provides support for the Acorns project.
Westminster Foundation provides support for the Young Leaders project.
Page 16
Westbourne Park Family Centre
Notes to the Financial Statements for the Year Ended 31 March 2023 (continued)
12 Analysis of net assets between funds
| Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets Tangible fixed assets Fixed asset investments Current assets Current liabilities Total net assets |
Unrestricted funds General £ 2,584 31,229 57,302 (7,835) 83,280 Unrestricted funds General £ 2,780 32,086 42,495 (6,303) 71,058 |
Restricted funds £ - - 1,080 - 1,080 Restricted funds £ - - 1,493 - 1,493 |
Total funds at 31 March 2023 £ 2,584 31,229 58,382 (7,835) |
|---|---|---|---|
| 84,360 | |||
| Total funds at 31 March 2022 £ 2,780 32,086 43,988 (6,303) |
|||
| 72,551 |
13 Related party transactions
Page 17