Charity registration number.. 1085070 Westbourne Park Family Centre Annual Report and Financial Statements for the Year Ended 31 March 2024
Westbourne Park Family Centre Contents {continued} Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report 6t07 Statement of Financial Activities Balance Sheet Notes to the Financial Statements ioto20
Westbourne Park Family Centre Reference and Administrative Details Chairman Stuart. Elmes Trustees Concia Alicia Albert Paige Ames Kenneth Asiedu Iretiaola Badamosi Reverend Richard Johnathan Dryer Stuart Elmes Elsie Kusi-Appiah 1085070 Charity Registration Number Principal Office Westbourne Park Family Centre Westbourne Park Baptist Church Porchester Road London W2 5DX Independent Examiner Field Sullivan Limited 9 Hare & Billet Road Blackheath London SE3 ORB Page I
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 2024. 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 for those disadvantaged. The main activities undertaken to support these aims include l. Stay and Play session for 0 - 3-year-olds, parentslcarers. 2. 1'.I parenting advice. 3. After school and holiday clubs for children aged 4-11-year-olds. 4. After school and holiday projects and volunteering for 11-16-year-olds S. Cook and eat sessions for Asylum Seeker 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 policles The charity's activities oxpose it to a number of financial risks including credit risk, cash flow risk and liquidity risk. The use of f inancial 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. Recrultment ond appointment of trustees There shall be at least three Trustees. Every future Trustee shall be appointed by a resolution of the Trustees. At all times at least two thirds of the Trustees must be members of Wèstbourne Park Baptist Church. In selecting persons to be appointed as Trustees, the Trustees shall consider the benefits for appointing a person who is able by virtue of his or her professional qualifications or experience to make a contribution to the pursuit of the objects or the management of the Charitv. Cashflow and liquldlty risk In order to maintain liquidity and ensure sufficient funds are available for ongoing operations and future developments, the charity regularly monitors and forecasts cash flows to meet short term obligations and operational expenses. This involved monitoring cash flows, optimising working capital, maintains adequate cash reserves and utilising diverse funding sources such a as grants and donations to ensure a steady flow of funds and financial stability. Further details regarding liquidity risk can be found in the Statement of accounting policies in the financial statements. Page 2
Westbourne Park Family Centre Trustees, Report {continued} Credit risk The .charity's principal financial assets are bank balances and cash, trade 2nd other receivables, and investments. The charity has no significant concentration of credit risk, with exposure spread over a large number of counterparties and customers. Financial review Total incoming resources in the year amounted to £338,533 {2023: E278,7331 leading to an increase of £59,800 in the year. Total outgoing resources were £353,671 12023.. £268.2571 indicating an increase of £85,414. At the end of the year, total reserves were £67,88912023.. £83,027) of which £67,88912023: £83,027) were unrestricted. Policy on reserves The Board of Trustees has established a policy of holding at least three months unrestricted fund expenditure in cash reserves and readily rea'lisable investments lequivalent to approximately £87, 1661. Trustees and officers The trustees and officers serving during the year and since the year end were as follows: Trustee5'. Concia Alicia Albert Paige Ames Kenneth Asiedu Iretiaola Badamosi lappointod 24 April 20231 Reverend Richard Johnathan Dryer stuart Elmes lappointed 16 October 20231 Elsie Kusi-Appiah Chairman.. StLJart Elmes lappointed 16 October 20231 Lena Choudary-salter Iresigned 16 October 20231 Page 3
Westbourne Park Family Centre Trustees, Report (continued) Achievements and performance We have Seen continued growth across the year with an increase in families engaging with us, additional services and capacity building of the organisation. There ha5 been a successful period of fundraising which has allowed us to recruit for a new children's manager, increase management hours for existing staff and increase hours for sessional and part time staff to support the development of services. Across the year we have continued to deliver our weekly program of activities which included 5 early years stay and play sessions, 3 after school Clubs for children and 2 for youth which included an autism friendly club. Over the holidays we delivered 36 days of provision including a healthy meal for children and young people. Parenting advice and one to one support was available throughout the year with 30 contacts a week. Nearly all our session5 were very well attended with an average of 80 children and youth participating on Friday evenings and holiday clubs with between 50-80 early years children and adults attending the 5-weekly drop-ins. Demand for the holiday provision was so high that 80 places were booked within 2 hours of opening registration. At the start of the year and In response to local issues of youth violence we piloted a parenting support group funded by Young Westminster Foundation to empower parents to get more involved and engaged with their children, informing them of dangers around gangs and how they can be reduce the risk for their child. This group is now meeting weekly and has grown to 20 parents attending. In November we started a new sensory baby group for new parents and babies, providing a stimulating and supportive environment, giving advice on a variety of subjects such as breastfeeding and sleep. Over the year we secured 4 long term funding streams which will provide a secure financial base moving forwards and enable us to deliver significant projects and outcomes for children and families. These included: 1. 5 years of funding from the National lottery Community Fund to develop more after school clubs for children. 2. 3 years of funding from John Lyons Collaboration Fund to work in partnership with Edward Wilson primary school and a Therapy partner to support the wellbeing and attendance gf pupils. 3. 3 years funding from Westminster Councils Healthy Communities Fund to provide a community meal and health and wellbeing Support for Asylum seeker *amilies. 4. 3 years funding from Westminster Councils Core Grant Funding grant to support capacity building. The extra management capacity provided through securing extra funding releases the CEO to further develop the project to increase support for local children and their families. Page 4
Westbourne Park Family Centre Trustees, Report (continued) 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 applicable13w 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: select suitable accounting policies and then apply them consistently,. observe the methods and principles in the Charities SORP.. make judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continuo in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the f inancial 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 maintertance 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 diffor from legislation in other jurisdictions. The annual report was approved by the trustees of the charity on 10 October 2024 and signed on its behalf by-. es Chairman and trustee Page 5
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 2024 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 l am required to state to them in this roport 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. Responsibilitles 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 20111'the Act'l. 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 14515llbl 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 l 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 examinerfs statement Since Westbourne Park Family Centre'5 gross income exceeded £250,000 your examiner must be a member of body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of. which is one of the listed bodies. I have completed my examination. I confirm that no matÈrial matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of Westbourne Park Family Centre as required by section 130 of the Act; or 2. the financial statements do not accord with those records,. or 3. the financial statements do not comply with the accounting requirements concerning the form and content of ,accounts set out in the Charities (Accounts and Reportsl 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 tome 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 6
Westbourne Park Family Centre Independent Examiner's Report to the trustees of Westbourne Park Family Centre (continued) Tim Sullivan FCA Field Sullivan 9 Hare & Billet Road Blackheath London SE3 ORB 21 October 2024 Page 7
Westbourne Park Family Centre (Registration number: 1085070) Balance Sheet as at 31 March 2024 2024 2023 Note Fixed assets Tangible assets Investments 2,066 31,705 2,584 31,229 33,771 33,813 Current assets Debtors io 20,327 46,924 663 Cash at bank and in hand 56,639 67,251 57,302 Creditors: Amounts falling due within one year li 133,1331 18,0881 Net current assets 34,118 49,214 Net a55ets 67,889 83,027 Funds of the charity.. Unrestricted Income funds Unrestricted funds 67,889 83,027 Total funds 12 67,889 83,027 The financial statements on pages 8 to 20 were approved by the trustees, and authorised for issue on 10 October 2024 and signed on their behalf by.. 5tLrt E" Chairman and trustee The notes on page5 10 to 20 form an integral part of these financial statements. Page 9
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 I Charity status The charity is domicilod in England and Wales. The address of its registered office is.. Westbourne Park Family Centre Westbourne Park Baptist Church Porchester Road W2 5DX These financial statements were authorised for issue by the trustees on 10 October 2024. 2 Accounting policie5 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 IFRS 1021 (effective l January 20191 Icharities SORP {FRS 1021 Second edition October 20191, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021. 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 unle55 Otherwise stated in the relevant notolsl to these accounts. Golng 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 uncertalnty In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumption5 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 10
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) Donations and legacie5 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. Deferred income Deferred income represents amounts received for future periods and is released to incoming resources in the period for which, it ha5 been received. Such income is only deferred when.. The donor specifies that the grant or donation must only be used in future accounting periods,. or The donor has imposed conditions which must be met before the charity has unconditional entitlement. 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 cost5 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 tho 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. Roising funds These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise lunds. Charitable uctivitie5 Charitable expenditure comprises those costs incurred by the charity in the delivery of it5 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. Taxatlon The charity is considered to P3SS the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purp05es. 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. Page 11
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 Icontinued) 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 Funiture and fittings Office equipment Depreciation method and rate 20% straight line 20% reducing balance 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. 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 12
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 3 Income from donatlons and legacies Unrestricted funds General Restricted funds Total 2024 Total 2023 Donations and legacies Grants, including capital grants Regular giving and capital donations 36,207 46,000 36,207 262,788 46,478 199,319 216,788 39,538 39,538 32,936 121,745 216,788 338,533 278,733 4 Expenditure on raising funds a) Costs of generating donations and legacies Total 2024 Total 2023 Fundraising 19,667 15,464 5 Expenditure on charitable actlvltles Total 2024 Total 2023 Partner organisations distribution payments Wages and salaries Depreciation Allocated support costs Other Staff costs 14,170 215,119 517 169,344 846 58,317 2,229 11,097 16,849 15,706 43,671 3,603 8,200 13,522 13,607 Social security Costs Pension costs Subcontractor (Bookkeeperl 334,004 252,793 Page 13
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 20241continued) Total 2024 Total 2023 Analy515 of governance and support costs Rent 47,986 1,333 2,728 489 34,725 1,146 2,857 460 Insurance Office expense5 Trade subscriptions Sundry expenses Indepondent examiner's fee IGainl/loss on programme related investments 2,783 3,474 14761 254 3,372 857 58,317 43,671 6 Staff costs The aggregate payroll costs were as follows.. 2024 2023 Staff costs during the year were: Wages and salaries Social security costs Pension costs 215,119 11,097 16,849 2,229 169,344 8,200 13,522 3,603 Other staff costs 245,29LK 194,669 No employee received emoluments of more than £60,000 during the year 7 Taxatlon The charity is a registered charity and is therefore exempt from taxation. Page 14
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) 8 Tangible fixed assets Furniture and equipment Total Cost At l April 2023 5,680 5,680 At 31 March 2024 5,680 5,680 Depreciation At l April 2023 Charge for the year 3,097 517 3,097 517 At 31 March 2024 3,614 3,614 Net book value At 31 March 2024 2,066 2,066 At 31 March 2023 2,583 2,583 9 Fixed asset Investments Other investments Unlisted investments Total Cost or Valuation At l April 2023 Revaluation 31,229 476 31,229 476 At 31 March 2024 31,705 31,705 Net book value At 31 March 2024 31,705 31,705 At 31 March 2023 31,229 31,229 Page 15
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) 10 Debtors 2024 2023 Trade debtors 9,422 10,271 634 Prepayments Other debtors 250 413 20,327 663 11 Creditors: amounts falling due within one year 2024 2023 Other taxation and social security Other creditors 2,379 274 3,463 1.060 3,565 Accruals 15,693 14,787 Deferred income 33,133 8,088 Page 16
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 20241continued) 12 Funds Balance at I April 2023 Incoming resources Resources expended Balance at 31 March 2024 Unrestricted funds General 83,027 121,745 1136,8831 67,889 Total unrestricted funds 83,027 121,745 1136,8831 67,889 Restricted Funds Big Lottery Fund City of Westminster Jack Petchey Young Westrninster Foundation London Community Foundation Co-op Local Community Fund London Youth Foundation 30,780 83,920 2,360 61,057 15,000 1.731 600 130,7801 183,9201 12,3601 161,0571 115,0001 11,7311 16001 16,6601 112,0801 12,6001 Whitely Community Foundation Westminster Foundation 6,660 12,080 2,600 Mayor Fund Restricted funds 216,788 1216,7881 Total funds 83,027 338,533 1353,6711 67,889 Page 17
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 {continued) Balance at I April 2022 Incoming resources Resources expended Balance at 31 March 2023 Unrestri¢ted funds General 71,058 103,414 191,4451 83,027 Total unrestricted funds 71,058 103,414 191,4451 iio,0001 130,9001 19001 12,2091 139,5901 Iis,0001 127,7501 12,5431 11,0001 14,9201 130,0001 83,027 Big Lottery Fund City of Westminster Jack Petchey PDT 10,000 30,900 900 1,493 716 Young Westminster Foundation London Community Foundation 88C Children in Need 39,590 15,000 27,750 2,543 1,000 4,920 30,000 Co-op Local Community Fund London Youth Whitely Community Foundation John Lyons Westminster Foundation Brought forward 12,000 112,0001 Restricted funds 1,493 175,319 1176,8121 Total funds 72,551 278,733 1268,2571 83,027 Page 18
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Restricted Funds Big Lottery Fund is for supporting the Club Xpress project. City of Westminster provided three grants to the charity, one for the Acorn, Club Xpress 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 Xpress and Young Leaders as well a5 providing fudign for general running costs. London Comtnunity 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 CommLJnity provides support for the Young Leaders project. John Lyons provides support for the Acorns project. Westminster Foundation provides support for the Young Leaders project. 13 Analy51s of net assets between funds Unrestricted funds General Total funds at 31 March 2024 Tangible fixed assets Fixed asset investments 2,066 31,705 67,251 133,1331 2,066 31,705 67,251 133,1331 Current assets Current li3bili¢ies Total net assets 67,889 67,889 Page 19
Westbourne Park Family Centre Notes to the Financial Statements for the Year Ended 31 March 2024 (continued) Unrestricted funds General Total funds at 31 March 2023 Tangible fixed assets Fixed asset investments 2,584 31,229 57,302 18,0881 2,584 31,229 57,302 18,0881 Current assets Current liabilities Total net assets 83,027 83,027 Page 20