COMPANY REGISTRATION 04364742
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED
## BY GUARANTEE
UNAUDITED FINANCIAL STATEMENTS
31 MARCH 2025
CHARITY NUMBER 1105403
## WALWORTH GOLDEN OLDIES COMMUNITY PROJECT COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS
|CONTENTS PAGE||
|---|---|
|Trustees' Annual Report|1|
|Independent Examiner's Report|12|
|Statement of Financial Activities||
|(Incorporating the Income and Expenditure account)|13|
|Balance Sheet|14-15|
|Notes to the Financial Statements|16-21|
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2025
## **Walworth Golden Oldies Community Care Project Trustees Annual Report for the year ended 31March 2025.**
The Management Committee is pleased to present its directors' report and unaudited financial statements for the year ended 31 March 2025
## **Reference and Administrative Information**
Charity Name: Walworth Golden Oldies Community Care Project Charity registration number: 1105403
Company registration number: 04364742
Registered Office and operational address: 54 Camberwell Road, London SES OEN
## **Management Committee**
Chair Russell Profitt MBE Secretary Gloria Brown Treasurer Colleen Reid Gloria Singh Abigail Campbell Patricia Skeete Odette Roberts Precious Shaw Donald Forde Hope Jackson Rita Douglas Viola Stewart
## **Independent Examiner Greg Charles**
## **Bankers - Nat West Camberwell Branch 70 Denmark Hill, London SES 8TT**
## **Our Aims and objectives**
## **Aims**
The aim of Golden Oldies project is to assist older people to maintain healthy lifestyles while meeting their social needs and ensuring they have access to a range of services enabling choice and dignity in old age.
## **Objects**
The Charity's objects as set out in the Memorandum of Association are: -
## _**To benefit the public by promoting relief particularly but not exclusively of elderly people in any manner which now or hereafter may be deemed by law to be charitable in and around the London Borough of Southwark.**_
1
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2025
In planning our activities for the year, we keep in mind the Charity Commission's guidance on public benefits. The trustees always ensure that the strategies employed are in line with our charitable objects and aims.
## **Objectives**
The main objectives and activities for the year continued to focus upon the promotion of relief particularly but not exclusively of elderly people.
## **Key Strategies**
The key strategies employed by Trustees to assist the charity to meet these objectives included the following:
- Providing a friendship and care service including warm meals targeted at elderly minorities in Southwark - but open to all older people in our community.
- Improving the learning and life chances of older people through our workshops.
- Providing volunteering opportunities, particularly from members of the BAME community to engage and enable them to 'give something back' by supporting elders in need.
## **How our activities deliver public benefit**
Our primary aim is to help decrease the social isolation they often experience, to provide appropriate support that enables older residents to maintain independence, healthy lifestyles and can access services that increase choice and dignity in old age.
Our services, mainly delivered by volunteers, include:
- Individual befriending support and advice sessions tailored to individual needs.
- Family Liaison work - liaising with family members to ensure they are kept informed of
- changing needs.
- Weekly luncheon club, providing a hot nutritious Caribbean flavoured meal to ensure older people have at least one cooked meal a week.
- Activities and Outings to reduce feelings of isolation, improve physical health, digital
- inclusion, and socialisation.
## **Who uses and benefits from our services?**
2
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
- TRUSTEES ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2025
Our users are made up of people aged 60+ primarily from the African-Caribbean community in North Southwark, in particular Rotherhithe, South Bermondsey, and East Walworth, Camberwell, and Peckham. But not exclusively so. We currently have 45 older African Caribbean weekly users and are aiming to extend our reach to a total of 75 older people on a regular basis where resources permit.
We aim to develop our membership data base through outreach with potential users and their carers; working with like-minded groups such as Elim House, Pensioners Centre, and Age UK; making contacts with nearby Care Homes and GP surgeries, as well as with other BME led senior groups and local churches. This will enable us to establish better information on numbers of elderly isolated in the area and of their needs - including those from 'emerging' migrant communities locally; any organisational issues involved; those interested in becoming engaged in our activities, or becoming volunteers, to help us develop supportive and informative programmes of interest promoting community participation and inclusion.
## **Impact**
The impact of our work stretches beyond our 40/50 regular users. Through our activities we can provide respite and support to our user’s families and carers and add to enhancing the inclusiveness and cultural riches of our local community and help meet some pressing needs of our local multi-cultural community of Southwark.
## **Report of the Management Committee**
## **Achievements 2024/2025**
Golden Oldies has over the course of the year been able to:
1. Continuing to provide a warm and nutritious Caribbean flavoured meal to over 60 elderly people weekly, a specialist Caribbean cook with support from our volunteers.
2. Extended our online service to support a WhatsApp group for users, zoom communications for weekly updating sessions, and increased provision of meals and personal items of home cleaning and toiletries.
3. Increased our pool of volunteers support by 50% over the year (now over 100 volunteers PA) generating much additional social and economic value for our funded efforts, which enables us to deliver our online activities and services in support of our elderly members of the local community and their families.
3
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
- (CONTINUED) YEAR ENDED
- 31 MARCH 2025
4. Provided volunteers and staff with office mobile phones to develop working from home calling of our service users, checking on their wellbeing, signposting them to services, organizing food deliveries and medication collections from local community run services.
5. Provided engaging inclusive healthy living activities for users- including quizzes and competitions, chair-based keep fit exercises, manicures and pedicures, massages and craft activities including needle craft and cake making - delivered by specialist on a rotating weekly basis.
6. Increased our telephone befriending service, to make greater contact with homebound older people each week and provide opportunity for conversation and friendship.
7. Arranged our outings programme delivering trips to places of interest once or twice a month to places including, London Dockland Museum, Tate Britain, Dulwich Picture Gallery, Kew Gardens, Kensington Palace, The Natural History Museum, Horniman’s Museum, BFI Cinema. We took a total of 10 members.
8. On each trip, accompanied by the project manager and three members of staff.
9. Secured funding from a wide range of sources which was used to buy and prepare specialist Caribbean meals and other self-protective items for users to be delivered by our volunteers twice each week. As well as the purchase of food baskets of fruit and vegetables to be distributed weekly to our users.
10. Delivered over 90 healthy 'goodies bags', including beauty products and fruit to our users as part of our annual Christmas Party delivered this year online.
11. Developed our partnership BEGS a Peckham Based organisation supporting elderly members of the local BAME community.
12. Continued our partnership with Peckham Platform through Creative Civic Change involving Inter-generational working to build links to promote young and elderly working together.
13. Through our arts program to collect stories of users lives we reached more vulnerable and hard-to-reach elders through our outreach work enabling us to develop our understanding of how to engage hard-to-reach elders from different cultures as well Caribbean communities and how to increase their access to artists and literature.
14. Continued our involvement with the local health sector including South London and Maudsley NHS Foundation Trust and the Institute of Psychiatry, Psychology & Neuroscience, King's College London on BAME health.
15. Developed a diverse funding base attracting funds from a wide variety to source including Southwark Council, local charities such as United ST. Saviours and Southwark Charities and nation Trusts such as Mercers/Dick Whittington Trust to help GO become more sustainable.
4
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT
## (CONTINUED) YEAR ENDED
## 31 MARCH 2025
## **The Main Services We Deliver**
Over the year services provided by our dedicated part time staff and team of volunteers has included:
Reopening our **Thursday Day Care and Lunch Club** at Walworth Methodist **Church** . This supports on average forty-five people each week throughout the year from 11am until 3.45pm.
This service each week delivered:
- **Caribbean Lunch** - a key element is our hot two course Lunch is prepared using fresh ingredients and providing a balanced meal of vegetables, meat, fruit, and healthy snacks. Dietary requirements are catered for. When in operation at the hall we use, we provide a hot drink of coffee.
- Tea or chocolate is served before the session begins. _This is usually_ followed - of course - by our regular game of Prize Bingo!
- **One to one advocacy support** - volunteers provide help with formfilling, access to services, booking health appointments, resolving disputes with utility suppliers.
- **Volunteer Befriending-** emotional support, especially to members who have experienced bereavement or are dealing with emotional difficulties arising from isolation and loneliness. A friendly chat, a listening ear and comforting words are something our trained and dedicated volunteers provide sensitively.
- **Arts, Crafts, Games Activities** - this creative and life writing, bingo, quizzes, and singalong sessions which are held each week after lunch from 2pm to 3.30pm.
- **Weekly Digital Activities** - this included use of mobile phones and tablets to support WhatsApp, Facebook and Zoom based sessions.
## We work in **partnership with other service providers including other organisations**
- Walworth Methodist Church - with special thanks for their continuing help and support
- Southwark Pensioners Centre
- United ST.Saviours/Appleby Blue
- Peckham Platform
- The engagement teams of South London and Maudsley NHS,
- Walworth Academy
- Local Primary schools
- Elmhouse Day Centre/BEGS
- AGE UK
- Southwark Council
- Housing 21/Limetree House
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WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
## TRUSTEES ANNUAL REPORT
## (CONTINUED) YEAR ENDED 31 MARCH 2025
## We also work in **partnership with corporate sponsors from whom we have benefited including:**
- Hands on London
- London Fire Brigade/Old Kent Road
- Discovery +/Warner Bros
- Business in the Community
- Google. We have benefitted from the 'Googleserve' corporate social responsibility programme. This activity, brokered through 'Business in The Community’, has been enormously supportive through the offers of staff who have provided voluntary support at our weekly Day Care service and donations. The value of their in-kind staff support has been valued at £20,000 p.a. to Golden Oldies.
## **Statement of Financial Activities**
## **Financial Review**
Trustees continue to make every effort to strengthen the financial position of Golden Oldies, as can be seen from the accounts.
This is due to our ability to gain support from agencies such as Southwark Charities United St Saviours, the London Community Foundation, the National Lottery, Arts Council, Southwark Council, the London Mayor's office, and applications made to Trusts and Charities.
We are very grateful also to all our volunteers for the priceless time they provide, as well as the help we receive from our variety of well-wishers and supporters particularly the Walworth Methodist Church and its leaders.
We need also to acknowledge the contributions of members and users who continue to contribute to our funds through paying a share of the cost of meals and bingo on a weekly basis.
However, without the tireless efforts of our volunteer fundraiser Jacqueline Crooks, and the continuous efforts at fundraising by Trustees and other supporters, Golden Oldies would not be able to maintain delivery of our range of services to our users.
## **Funding Sources**
Over to course of the year we were successful in attracting funds for our work from, Southwark Council, The National Lottery, the London Mayors Team London office and Groundwork, London Community Foundation, Elephant and Castle and East London
Community funds. In addition, we were able to attract funding from other national agencies such as The Arts Council and Google, as well as from local charitable sources such as St George the Martyr, Southwark Charities, and United St Saviours. Further, through our partnership work, we gained support through Peckham Platform for inter-generational working with users on themes related to improving local living qualities.
6
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
## TRUSTEES ANNUAL REPORT
## (CONTINUED) YEAR ENDED
## 31 MARCH 2025
Looking forward to the coming year, in addition to funding for the year from Southwark Council, applications have been made to several charitable trusts, and funds, aimed at improving our income and strengthening our financial position. These traditionally have been our principal sources of income.
In addition, the donations and income from fees and charges made to users, though helpful, will need to be supplemented through applications to Trusts to enable our sustainability.
However, as many of our members and users have been with us for a long time and - as our outings and trips and social events and projects show - they truly value the efforts of Golden Oldies to add fun and happiness to their lives.
## **Reserves Policy**
We aim to maintain a modest budget balance, to comply with policies and requirements and to continue to maintain and improve services for our members.
The Management Committee is seeking to establish a policy whereby the unrestricted funds not committed and held by the charity should be 3 months of the expenditure.
Budgeted expenditure for 2025 is £ 50,000 and therefore the target is to retain at least £13,000 in general funds.
The reserves are needed to meet the working capital requirements of the charity and the Management Committee are confident that at this level they would be able to continue the current activities of the charity in the event of a significant drop in funding.
In the short term the Management Committee has also considered the extent to which existing activities and expenditure could be curtailed, should such circumstances arise.
## **Plans for Future Periods**
Going forward it remains our intention to continue our efforts to try to increase our outreach so that the large number of local isolated older people are also able to benefit from the services and assistance we provide.
Our aim is to continue to deliver our activities over forthcoming years subject to satisfactory funding arrangements being in place. Plans are also being developed to work in partnership with other suitable organisation to help meet local need within our target groups and as identified in official analysis of local elders needs, particularly amongst the BAME community.
Here in Southwark, as Joint Strategic Needs Assessment shows, the second largest ethnic group in Southwark, is Black {Caribbean, African or other) with the 'Black Caribbean' community making up most of this group. This could amount to 4000 or 5000 members of the local community.
7
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
TRUSTEES ANNUAL REPORT
(CONTINUED) YEAR ENDED 31 MARCH 2025 I
## **Structure, Governance and Management**
## **Governing Documents**
Golden Oldies began life on the Heygate Estate in 1991 and was registered as a charity in December 1996. It subsequently became an incorporated charitable company, limited by guarantee, in February 2002.
The company is established under a Memorandum of Association, which establishes the objects and powers of the charitable company and is governed by its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £1.
## **Role of Trustees**
The Golden Oldies charitable company is managed by a Board of Directors who are also its Trustees. Trustees take decisions relevant to the management of all aspects of Golden Oldies as permitted in law or delegation.
Trustees receive relevant training and seek to build good local contacts and relationships. The charity enjoys good relationships with the local community as well as with local MPs and councillors, particularly with former Mayor of Southwark, Cllr Dora Dixon-Fyle.
## **Management**
In the past the Charity has been able to employ full-time staff to assist in the management of its programmes. Currently it can employ part-time staff and sessional workers linked to funded projects to deliver its services.
There is scope however for further links to be made to advance our services offered via Schools and Colleges, Sports Centres, local libraries, health centres and through working positively with the many businesses supportive of involvement of older people.
8
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
## TRUSTEES ANNUAL REPORT
## (CONTINUED) YEAR ENDED
## 31 MARCH 2025
## **Recruitment and Appointment of Management Committee**
Trustees are elected annually at our AGM or can become co-opted to the Board to add to the pool of expertise involved in governance of the charity.
Induction Training is provided, and a Handbook of guidance is available setting out responsibilities and organisational policies and procedures.
All members of the Management Committee give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in the accounts.
## **The obligations of Management Committee members.**
These include:
- Responsibility for supervision of the main documents which set out the operational framework for the charity including the Memorandum and Articles.
- Resourcing and the current financial position as set out in the latest published accounts.
- Development of future plans and objectives.
## **Risk Management**
Trustees conduct an annual review of and are aware of a range of risks to the organisations, which need to be addressed and mitigated through the development of appropriate methods of modification and management particularly considering the recent pandemic. These are also undertaken in relation to specific projects.
To ensure the sustainability of the organisation Trustees aim also to gain quality advice from agencies such as Community Southwark and National Council for Voluntary Organisations, as well as support possible from professional and qualified volunteers, to enable it to:
- Maintain awareness of relevant legislation
- Review and develop a robust and sustainable business plan.
- Gain financial support from relevant trusts and local businesses, particularly those that regularly serve older people i.e., chemists and opticians etc.
## **Organisational Structure**
Golden Oldies is managed by its trustees who meet bimonthly and are responsible for the strategic direction and policy of the charity.
9
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE TRUSTEES ANNUAL REPORT (CONTINUED) YEAR ENDED 31 MARCH 2025
The Board is now made up primarily of members of the BAME community who have public sector backgrounds.
Board Chairperson is Russell Profitt MBE who has had several years' senior level experience of managing social programmes, having played such roles as Assistant Chief Executive of Southwark, is a former Head of Peckham Regeneration Programme, and more recently as CEO of GRIP- Greenwich's borough wide community Inclusion Project.
Trustees develop and deliver all services, are a volunteer-led group, and encourage all users and volunteers to become involved in developing services from the ground up.
## **Responsibilities of the Management Committee**
Company law requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year.
In preparing those financial statements, the management committee should follow best practice and:
- Select suitable accounting policies and then apply them consistently.
- Make judgements and estimates that are reasonable and prudent; and
- Prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.
The Management Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Members of the Management Committee**
Members of the Management Committee, who are company directors for the purpose of company law and trustees for the purpose of charity law, who served during the year and up to the date of this report are set out above.
In accordance with company law, as the company's directors, we certify that:
- So far as we are aware, there is no relevant information of which the - company's independent examiner is unaware of; and
- As the directors of the company, we have taken all the steps that we ought to have taken to make ourselves aware of any relevant audit information and to
-
- establish that the charity's independent examiner is aware of that information.
10
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
## TRUSTEES ANNUAL REPORT
## (CONTINUED) YEAR ENDED
31 MARCH 2025
## **Independent Examiner**
Mr. Greg Charles was re-appointed as the charitable company's Independent Examiner for the year and has expressed his willingness to continue in that capacity. This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small entities.
Approved by the Management Committee and signed on its behalf by:
18/06/2025 Chair of Trustees
11
WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARENTEE
Independent Examiner’s Report to the Trustees of
Walworth Golden Oldies Care Project
31 MARCH 2025
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025
## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER**
The charity's trustees (who are also the directors of Walworth Golden Oldies Community Care Project for the purposes of company law) are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for an independent examination, it is my responsibility to:
- Examine the accounts (under section 145 (1) (a) of the 2011 Act):
- To follow the procedures laid down in the General Direction given by the Charity Commission (under section 145(5) of the 2011 Act).
- To State whether matters have come to my attention.
## **BASIS OF INDEPENDENT EXAMINIER'S STATEMENT**
My examination was carried out in accordance with the General Direction given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts.
## **Independent examiner's statement**
I have completed my examination. No matters have come to my attention in connection with the examination giving me reasonable cause to believe that in any material respect the trustees have not met the requirement to ensure that:
1. Accounting records are kept in respect of the Company as required by section 386 of the 2006 Act.
2. Accounts are prepared which agree with the accounting records, comply with the accounting requirements of section 386 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities; or
3. To which, in my opinion, attention should be drawn, to enable a proper understanding of the accounts to be reached.
Gregory Charles Independent Examiner 117 Engleheart Road Catford SE6 2EU
12
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE STATEMENT OF FINANCIAL POSITION YEAR ENDED 31 MARCH 2025
|**Incoming Resources**
**Notes**
Grants
2
Donations and other receipts
3
Lunch club, bingo & membership fees
4
Investment income
5
**Total**
**Resources Expended**
Projects and community events
6
Meals, outings & in house events
7
Governance costs
8
**Total**
Net incoming / (outgoing) resources
Before transfers
**Transfer of Funds**
**Transfer to deferred income**
**Net movement in resources and funds**
**Total funds brought forward**
**Total funds caried forward**|2025
2024
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Total**
**Prior Year**
**Funds**
**£**
**£**
**£**
**£**
8175
76919
85094
69704
7151
0
7151
1278
15316
0
15316
19383
403
0
403
408|
|---|---|
||31045
76919
107964
90773|
||7020
73919
80939
60704
23861
0
23860
19519
133
40
174
1379|
||31014
73959
104973
81602|
||31
2960
2991
9170
0
0
0
0
0
-3000
-3000
-9000|
||31
-40
-9
170|
||27986
226
28212
28042|
||**28017**
**186**
**28203**
**28212**|
13
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT
COMPANY LIMITED BY GUARENTEE
Balance Sheet **YEAR ENDED 31 MARCH 2025**
|Notes
**Fixed assets**
Tangibleassets
**9**
**Current assets**
Cash at bank and in hand
Other debtors
Creditors amounts falling due
**10**
within one year
Net current assets/liabilities
Total assets less current liabilities
**TOTALASSETS**
**`Funds`**
Restricted Funds
Unrestricted funds
**TOTAL FUNDS**|2025
£
£
695
35456
883
39635
-7948
27508
28203
28203
186
28017
28203|2025
£
£
695
35456
883
39635
-7948
27508
28203
28203
186
28017
28203|2025
£
£
695
35456
883
39635
-7948
27508
28203
28203
186
28017
28203|2024
£
39597
38|£
868
27344
28212
28212
226
27986|
|---|---|---|---|---|---|
||39635
-7948|||39635
-12291||
|||||||
||||28203|||
||||28203|||
||||186
28017
28203|||
||||||28212|
The trustees are satisfied that the company is entitled to exemption from the provision of the Companies Act 2006 relating to the audit of the financial statements for the year by virtue of section 477, and that no member or members have requested an audit pursuant to section 476 of the Act.
14
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE
BALANCE SHEET (CONTINUED) YEAR ENDED 31 MARCH 2025
The Trustees acknowledge their responsibilities for:
- (a) Ensuring the company keeps adequate accounting records which comply with section 386 of the act and
- (b) Preparing financial statements which give a true and fair **view** of the state of affairs of the company as at The end of the financial year and of its profit or loss for the financial year and of its profit and loss for the financial year in accordance with the requirements of section 393, which otherwise comply with the requirements of the Act relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in compliance with FRS 102, the Financial Reporting Standards applicable in the UK and the Republic of Ireland, the standards of Recommended Practice applicable to charities preparing their accounts in the UK and Ireland (FR102) and the Charities Act 2011.
The Financial Statement were approved by the Members of committee on 18thJune 2025 signed on their behalf by:
Russell Profitt MBE (Chair)
Company Registration Number 04364742
The notes on pages 16 to 21 form part of these financial statements
15
## WALWORH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE NOTES TO FINANCIAL STATEMENTS YEAR ENDED 31MARCH 2025
## **1. ACCOUNTING POLICIES**
## **Basis of accounting**
The financial statements have been prepared on a historical cost basis.
## **Donations**
Income received by way of donations is recognised when received and when the charity becomes entitled to the income.
## Grant's receivables are recognised based on when the charity becomes entitled to the Income.
## **Going Concern**
The accounts have been prepared on an ongoing basis. The trustees continue to monitor the Charity's ability to continue as a going concern based on the bank balances held, the ongoing support of the Trustees and the applications for additional funding.
## **Grants receivable**
Grants receivables are recognised based on when the charity becomes entitled to the income.
## **Fund accounting**
Grants for specific purposes are treated as income in the year of receipt; amounts unspent are treated as a restricted fund and shown in the statement of financial activities.
## **Resources expended**
Expenditure is recognised on an accrual basis as a liability is incurred.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life, plant and machinery and office equipment 20% on reducing balance.
16
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE Notes To The Financial Statements Year Ended 31[st] March 2025
## **Notes**
|**2**
**Grants**
Southwark Comm
Southwark warm Hub
Peckham Platform
Southwark K Grant
Appleby Common Purpose
Southwark Council
Housing 21 Limetree
Appleby Grant
United St,Saviours
Main Grant
JW Solicitors
Project Accounts
Southwark Charities
Mersonic Charitable
HRNY WSTWOD
Southwark BHM
Total Grants Received
**3**
**Donations and Other Receipt**
Donations
Virgin Money Giving
Subscriptions
UK Giving
Other|Unrestricted
Grant
Restricted
Grant
Total
2025
Total
2024
3000
6348
3000
6348
0
0
175
0
175
553
0
15013
15013
0
9413
9413
0
0
0
19100
3000
3000
0
6825
6825
0
10500
10500
12000
15320
15320
10000
3000
0
3000
0
0
0
0
3500
3500
5000
5000
0
0
0
5000
0
5000
500
1000
1000
1000|
|---|---|
||8175
73019
82094
53153|
||7151
0
7151
1278
0
0
0
19
0
0
0
0
0
0
0
0
0
0
0
0|
||7151
0
7151
1278|
17
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE Notes To The Financial Statements Year Ended 31[st] March 2025
|**Notes**
**4**
**Lunch Club, Bingo,**
**and membership fees**
Lunch club
Membership
Christmas meal
Bingo
Activities/trips
Raffle tickets
Gift vouchers
Other
**5**
**Investment Income**
Bank interest received
**Total Incoming**
**Resources**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2025**
**2024**
6511
0
6511
10415
0
0
0
0
554
0
554
749
1461
0
1461
1743
6294
0
6294
5765
0
0
0
0
0
0
0
0
496
0
496
741|
|---|---|
||**15316**
**0**
**15316**
**19413**|
|||
||**403**
**0**
**403**
**408**|
|||
||**31045**
**73919**
**104964**
**74252**|
18
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BYN GUARANTEE NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31[ST] MARCH 2025
|**Notes**
**Resources expended**
**Charitable activities**
**6**
**Projects & Community events**
**7**
**Meals, outings & in house**
**events**
Lunch Club
Bingo prizes
Volunteer expenses
Activities/Trips
X-Mass meal
**8**
**Governance Costs**
Management & administration
Accountancy
Insurance
Bank charges
Depreciation
Other
**Total Resources Expended**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**2025**
**2024**|
|---|---|
||7020
73918
80938
59224|
||8865
0
8865
6667
1419
0
1419
1696
1819
0
1819
341
8793
0
8793
7467
369
0
369
136|
||21265
0
21265
16307|
|||
||20880
54651
102203
75531|
||796
0
796
3428
912
0
912
350
446
0
446
446
444
0
444
417
133
40
173
216
0
0
0
1214|
||2731
40
2771
6071|
|||
||**31016**
**73958**
**104974**
**81602**|
19
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE Notes To The Financial Statements Year Ended 31[st] March 2025
|**Notes**
**9**
**Tangible Fixed Assets**
**Cost**
At 01 April 2024
Additions
Deletions
At 31 March 2025
**Depreciation**
At 01 April 2024
Charge for the year
At 31 March 2025
Net Book value
At 31 March 2025
At 31 March 2024|**Plant and**
**Machinery**
**Office**
**Equipment**
**Total**
£
£
£
22588
1200
23788
0
0
0
0
0
0|
|---|---|
||22588
1200
23788|
||21922
998
22920
133
40
173|
||22055
1038
23093|
||533
162
695
666
202
868|
20
## WALWORTH GOLDEN OLDIES COMMUNITY CARE PROJECT COMPANY LIMITED BY GUARANTEE Notes To The Financial Statements Year Ended 31[st] March 2025
|**Notes**
**Creditors: Amounts falling**
**due**
**Within one year**
**9**
**Deferred Income**
Housing 21 Limetree
Local Connect
Peckham platform
Covid 19 Response
CAF
Southwark Council
Southwark Council - BHM
United St,Saviours
Main Grant
Mercers Trustees
Project Accounts
Southwark Charities
Southwark Warm Homes
Total Grants Received
**Accruals**
Bookkeeping
HMRC - PAYE
Other
**Total**||**2025**
**2024**
3000
0
0
0
0
0
0
0
0
0
0
3500
0
1000
0
4500
0
0
0
0
0
0
0
0
0
0|
|---|---|---|
|||3000
9000|
|||350
377
350
2564
2564|
|||3291
2914|
||||
|||12291
19465|
21