St Ifin¢ont'
Fwnily Projo¢t
Annual Report and Flnancial
ststoménts
31 March 2024
Charty Registration Number
1142095
Company Registration Number
07638620 (England and Wales)
.1 SVFP has been invaluable for
myself & children. l attend the stay &
plays and have completed both PPP
and m￿loW par8nting and both have
been extremely helpful. The
environment Ihat the staff have
created is one of family & inclusion. I
am always made to feel welcome &
valuedl I love it here.

Contents
R•ports
Reference and administration detai15
Trustees, report
Independenl reF(¥t
18
Flnanclal Statemgnts
Statement of financial actwities
Balance sheet
23
Statement of ca$h flcA
24
Principal aGGounling policies
25
Notes lo the financrdl statemenls
29
Sl Vincent's Family Project

Reference and adrnlnostralivo details 31 Mar¢h 2024
Patron
Lady Viola G Grosvenor
Trust
Philippa Gitlin IChair>
TIM Hassell
Teresa Crowley
Sister Liz Ferrie DC
Sister Ruth O'Nelll (appointed {April 2024)
Sister Kathleen Kennedy DC
Deacon Ali Mcmillan
Ifeoma Okafor
Rosemary Jackson
Joanna Wormell
Prln¢ipal offlce
The Methodist Central Hall
Sto￿$ Gale
Weslminster
London
SW1HgNH
Telephone:
Fa¢slmilo:
020 7654 5351
020 7654 6￿2
Company rnglstratlon numbor
07638620 (England and Wales)
Charity rogistration number
1142095
Chlef Exocutlve
Andrew Varley
Audltor
Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Banker8
Royal Bank of Scotland F4¢
4th Fk￿r
2'A Devonshire Square
LorKlon
EC2M 4x1
Sollcttors
Wedlake Bell LLP
52 Bedford Row
London
WC1R 4LR
St Vincenl's Family Project

Trustees, report 31 March 2024
The trustees wesenl their statutory report together with the financkl statements of St
Vincent's Family Project ISVFP or the Project) for the year ended 31 March 2024.
This report has been prepared in a¢cordance with Part 8 of the Charities Act 2011 and
onslitute$ a directors, report for the purposes of company legislation.
The financial slalemenls have been prepared in accordance with the accounting policies set
out on pages 25 to Errorl Bookmark not doflned. of the allached financial statements and
Comply with the charll8ble company's Memorandum and Articles of Association, applicable
laws and Accounting and Reporting by Charities.. Statement of Recommended Pract
applicable lo charities preparing their accounts in accordance with the Financial Reporting
standard applicable in the United Kingdom and Republic of Ireland (FRS 1021.
History
Sl Vincgnl's Family Project has its origins with th8 Spanish governmenl, who in 1975 set up
a ne￿hbourhood programme staffed by Spanish Daughters of Charty to work with families
from Spain who were living in Londors. They provided them with support and formed a
community lo help these young familtes. This eventually expanded lo include all families
within the area when the UK Daughlers of Charity of Sl Vincent de Paul became involved in
the project in 1996. The prolect has been based at Methodist Central Hall since 2005 and
maintains a strong relationship with the Methodist Central Hall Church. The Project is part of
the Inlegraled Leadership of the South Weslminst8r Family Hub and has links with different
local providers, schools, faith organisations and tmjsinesses.
The need lor our work
South Westminster is an area of contrast be￿n wealth, history and power alongside stsrk
soclal deprivation. Areas in Pimlico wards are within Ihe lop 10% of the Indices of Multiple
Deprivation. 11 is an area wtth high pay gaps, the highest housing and childcare costs arKI
homelessness. There are many drff8rent communities and languages spoken sitting amongst
the povgrty. debt and insecure ts)using,' social isolation is a Significant problem in the area.
Families with very young children have all the pressures of early parenthood, so it 1$
unsurprising we see relatsonship confiicts, huge emotional stress on families leading often to
mental and physical health problems. Various evidence shows that children in We51minsler
fare less favourably when it comes to obesity. oral hygiene. well-being, risk of involvement in
crime and homelessness.
Sl Vincent's Family Prolect 2

Trustees, report 31 March 2024
Prlncipal aims
Sl Vincent's Family Project aims lo support families in Westminster especially those who a
experienclng difficullles. The Project aims lo address the Issues of parenting. child welfare
and social exclusion by providing servi¢es for parents and children. The charity's intended
impacl 5$ developing resilience in families in their early years to have a lasting effect on their
futures. It aims to offer an experlence of community that inspiTes, supports arKI enables
sltive change in th8 lives of those who use 115 Servi￿.
These aims refiect Ihe purposes for which the charity was set up.
Publlc benefit
The aims. objectives and activities of the Project are reviewed each year. As part of this
process, the trustees have given ¢8￿ful ¢onsideration to the Charity Commission's general
guidance on public benefit. The review of a¢tNities illustrates the w8ys in which the charity
serves the public benefit.
Valu•9
St Vincent's Famlly Project has six Vincentian values thal underpin our direct work with
f8milies and children. These a￿..
W• ar• Respectlul.. We celebrate the uniqueness of the individual. We welcome diversity
and treat everyone nonjudgmenlally with equal care and attention.
We a￿ Insplred.. We are committed to the nurturlng of families in the belief that positive
chaThJe is possible in a caring and loving environment. We seek to empower people to meet
Ihelr full potential.
Wo are Travell•ts Together.. We are privileged lo accompany families through a significant
part of their journey. They are the heart of our charity. and we work vthh them in a $pirit of
mulualty and friendship, always ready to listen and leam from them.
We are Professional.. We aim for the highest of standard5 in our work drawing upon 'best
pra￿l¢e, principles and programmes. We will always seek to improve the way we do things.
We 4re Holi$ti¢.' We are concerned for the different aspects of people's Iwes and will provide
supwrt wherever possible. We seek to be alert to identtfy emerging neeés and respond to
them in a flexible and creative way.
We are Comw$$ion&t•.' We use our resources for the benefft of the famllles always taking
care to make o¢Jr seNices affordable and accessible.
Family Spa¢8
Family Space is open daily to local families with children (from ag8 0-5) offering a range of
facilities, a¢livilies. programmes and support available. We have very good facilities for
children and families, to play, relax. share fc￿ and receive support.
For families on low incomes who need support. we offer a free crèche. We have a Sensory
Rwm, where, amongst other thlngs, sessions are offered io families of children with special
educational needs.
St Vincent's Family Project 3

Trustees, report 31 March 2024
Family Spa¢0 (continued)
For parents, throughout the year, SVFP offer a range of parenting and health courses
designed lo fit different needs. in group settings, which help parents to realise they are r￿t
alone in the many challenges and responsibilit￿ facing them.
Al Family Space we also offer SUPE￿ to families on low incomes who may be having
prO￿eMS with housing, debt, s¢hools, relationship or legal issues. Our service is grealty
enhanced in this area by joint working with local agencies from the Earty Years Family Hub.
Westminster CAB, Marylebone Educational Foundation and the Westminster Foodbank to
name some.
Throughout the year we offer different fvn family activities. including monthly Irips, lo help
families develop, make friends and build confidence.
Theory ofChangeTr Famity Sp8¢•
SAFE SPACG
A pla-p li) I)ri￿,1(￿An8
chiiorer, IlNg1 Is weJL-orning,
itylijces y>c'.a( iso. illcn. IS safe
arTO IYCèLiswe
Ji
RESILIENT
FAMILIES
SUPPOR T
SuppDr:',s cor,fidentiaL
onstigmaioin& av¢Thilable
when families ore reatyfor Ir
s￿r￿rolls. holisiii. and lexibie
rMsRAPY
LEARNING
To have expen h&p to
ovwcome Lleep ryJoted
probl￿3 thai prerfeTr￿ tamili
ftom bclngiheir besi
With others (o gain knowledge.
skil& a￿& confioence Èo we
d)Ildren Ihe best experlence of
parenting ihey can h￿e.
Prograrnmos, A¢tiviti¢s and Events
Parenting Programmes
Parenting programmes have been our main group programme throughcojl the year and very
directly related to our alm lo help families achieve resilience by helping them develop the
skills. confidence and knowledge to create and maintain a strong family bond. Indeed, we still
h8ar from parents years later using the same techniques even as their chiklren are older.
Again, we concentrated on the Positwe Parenting Programme. whrch is an excellent all￿Ound
course for any pa￿nt, aFKI Mellow parenting for Mums that allows a more discusslve group
aimed al dealing with the deeper trauma which some mums have experienced which is
affecting Iheir confidence as a parent. Parents who attended were able lo utilise our free
crèche to allow them lime.
St Vincent's Family Project 4

Trustees, report 31 March 2024
Programmes, Acllvltles and Evonts (continued)
Healthy Llvln9
Friday mornings have been for our Healthy LNing sessions again this year, with exercise
classes run for mums followed by a session covering a range of health-￿lated subjects for
families, particulady nutrition and dentsl hygiene. an area where children from Westminster
lend to compare unfavourably with Ihe population as a whole. Last year we increased our
provislon of exercise-based support, simply through popularity. Our exercise Goach helped
evelop personal fitness plan5 for mums, $0 they Could carry on improving outside of the
weekly sessions. Ané we also ran a programme on Thursdays for fitness for the whole family.
Welfare Support
The impact of the cost of living on local familiès continued this year, seelng more familles who
were slruggllng wlth baslc costs. Noticeably we started lo see more familie5 who had an adult
in work andlor who owned their own home$ seeking support. This is alongside more usual
familie$ in rented accommodation wth no adult in WOTk. Much of our help wa$ providing one
lo one guidance to emergency funds or directing those with more complex issues lo specialist
advice. We continued lo have surgeries from Westminster CAB, as well as worklng closety
with Cardinal Hume Centre for Immigration Law advice and Shelter for Housing related
issues. Again, with funding from St. Marylebone Educational Foundation we helped with costs
toward s¢hool unrforms for 37 families unable lo access other schemes and on a low income.
Crèche
Crèche allowed us again to be able lo ¢)ffer parents the time lo attènd programmes, one-to-
one support OT io have a break to do whatever they wanted. But il is also where we can
observe and support children to develop their social arKI language Skills, $0 they are
approprialely developed and confident when they reach school age. This year we We￿ lucky
enough to be able to run sessions from November at Tale Britain on Mondays. This gave
families the opportunity to be based in a fantastic location.
Events and Trips
Celebrations. trips and communty events are an important part of supporting families.
because it reduces social isolation, allows parents lo give their children a treat they may not
be able to afford and provides rdief from stress. It also helps famllies to bulld trust with us
befo￿ they consid&r asklng for help or joining a parenting group. Feedback in the last Gouple
of years post Covid-19 and during the cosl-of4wing ¢ri$is show these are as important to
families as the pra¢li¢al, learning or therapeutic help we provide.
Therefore, as well as offering a monthly trip we were able to provide a number of ev8nls over
the year. These included:
Trips to Mud¢hule Fam), Kew Gardens, Greenwich {on boat), a guided tour of Westminster
Abbey and Southend on Sea.
Familie$ had special s(¥eenings at Vue Cinemas, rec8ived an art workshop with the National
Portrait Gallery, Gompeled in a Summer Olympics in St. James Park and leamed how lo make
Sushi and have an Eritrean Tea amongst other things.
We provided fun ¢eletrations for seasonal events such as Easter, Halloween, Valentine's
Day. the Feast of Vincent De Paul and Pancake Day.
st Vlncenl's Family Project S

Tru8tees' report 31 March 2024
Programme6, Actlvltles and Evonls {continued)
Events and Trips (continued)
And again, we were able to offer a range of Christmas activities whth familles of all or r
faith enjoyed. Alongside 25 hampers distributed to famllies. there was a trip to Winter
Wondertand, a Christmas Brunch for mums and a grotto and party attended by 42 families.
We were able to distribute over 100 gifts lo children over the period.
Themes
As indicated, the cosl-of-INing crisis has been a focus for us, particulady in the colder months,
with increased fuel bills. That we have had 32 families getting one-to-one support is an
indication thal we have continued to have families with 'complex' needs, i.e., more than one
and of our growing ability lo support them.
Partnerships, because of the increased complexity of support, have been a theme for us Ihis
year. Our focus has still ￿M￿lned on the need lo develop a family's resilienGe, so rather than
ty to add other specialisms we have utilyzed local and other partners for skills and resources.
Being able lo rewopen our Drop-ln has reinforced the value to us of belng a Community for
Ioc81 families. Many families have expressed the benefit of having somewhere lo go, develop
social networks and feel supported, let alone getting all the 5peGrfiG help and programmes.
We have kept up with having a lot of activities and events that are fun and bring families
together. Included in this is the continuation of a¢tNities that promote physical and mental
health, which we have done through year.
Outputs and Outcomes
180 families were supported by SVFP over the year.
Which Westminster wards are people living in?
Jw
St Vincenvs Famity Project 6

Trustees. roport 31 March 2024
Outcomes
Reduclng Soclal Isolation
100Yo of families agreed or strongly agreed that SVFP helped them overall reduce soclal
isolation.
67¥0 of families agreed or slrongly agreed that SVFP helped them to Increase the support
they received other local services.
84 % of families agreed tr strongly agreed that SVFP helped them to incfease the number of
friends or peers they had.
Reduelng Stress. Anxlety or depresslon
100% of families agreed or strongly agreed that SVFP helped Ihem to reduce stress.
93% families agreed or strongly agreed that SVFP helped them to reduce anxiety.
54% of families agreed or strongly agreed that SVFP helped them reduce dewession.
80% of famllles agreed or strongly agreed that SVFP helped them improve their low mood.
Improving Parenting
67 % of families agreed or strongly agre￿1 thal SVFP helped them Improve thelr confidence
in parenting.
67¥0 of families agreed OT Strongty agreed that SVFP helped them Improve their knowledge
and skills in parenting.
Reduclng Famlly Confll¢t
40Vo of familles agreed or strorvJly agreed that SVFP helped them improve family
relationship5. The remaining 60°/0 were Neutral, which may mean we had no influence or
there were no real confiicts which we could have affected.
33Yts of familigs agreed or strongly agreed that SVFP helped them reduce arguments in the
home. 130h expressed they disagreed and the ￿Ma1nder were Neutral.
Children's Development
67Yo of families agreed or strongly agreed that SVFP helped them with their child's lan9uage
development.
87% of families agreed or strongly agreed that SVFP hdped them improve their SOGial skills
and confidence.
800A of familleg agreed or strongty agieed that SVFP helped with improving their chlldren's
behaviour.
St Vinc&nl's Famlly Project 7

Trustees, report 31 March 2024
F￿dback
Comments
O The best proJe¢l whiGh ch8nged our lif81
SVFP has been invaluable for myself & chiklren. l attend Ihfr stay & plays and have
completed both PPP and Mello¥v parenling and both h8ve been extremely helpfvl. Th&
nvmnment that the staff have cr8aled is one of family & inclusion. 18m 8Iw8ys made to
feel welcome & valuedl I love it here.
I love being here becaus& there ar8 so many lessons parenting to be better. I leamed
a lot.
O I would love to spend more tim& at St Vlncent, but l also need to wash dean house
¢hores. I c8nl do stuff for home rfl come to Sl Vinc&nt lol.
/ Nice h8ndly helpfvl.
O Amazing staffl
is so hard to find the place where we can be safe with children and talk and exchange
the inforMat￿n wilh oth&r mum. But her& is the place St Vincent..)
o Thank you for this service.
O I love the activity during holiday time. l can take k￿S and littl8 one t(wther.
4 Playgroup Is a gre81 place for par&nts with youn9 children. Both ben8frt from th8 $8ssions
which really hglps ?t what Can be 8 stressful time in life.
O Having the opportunty to m￿1 wrfh and speak with otherparents helps to socialise.
Croativp Arts and Drama Therapy
SVFP supports chiklren of Primary School Age in Westminster through the use of Creative
Arts and Drama Therapy whose education is being affected by emotional, mental or
behavioural problems. The use of play enables young children to be able lo settle and
Communicate drfficull fe8ling5 Wlth Ihe Iherapist. Often, as a side benefit it also helps to
slimulale inleTrst in the arts.
Recent years have seen our work flu¢bJate because of Covid-19 and demand$ on school
funds. The St. Giles and St. Georg8 Education Charity have been able to part-fund schools,
but there are always some schools who are unable lo fund provision. This year wag more
stable than previous years wth us working in 8 Weslminster Schocls, including a new one for
us Soho Parish School.
Our approach has been lo provide a dedicated Iheraplsl lo each school with the intention of,
Dot jusl offering therapy sessions, but being a part of the school and being accessible for
teaching staff lo discLSSS concerns. Therapists work closely wlh teaching staff and also
families, as often i55ues are triggered by what is happening in the home.
St Vincenys Famity Project 8

Trustoes, report 31 March 2024
Creatlve Arts and Drama Therapy l¢onlinued)
This year we provided regular therapy support to 8 Westminster Primary Schools, for 37
chil(iren dealing wlh a variety of issues.
In addition, 7 families. users of our Family Space recelved ongoing creative arts therapy for
supportwlth trauma.
We were also able to run a pilot program based at Si. Andrews Youth Club woviding
therapeull¢ art dasses for attendees be￿en ￿14. The sessions were not therapy but were
focused on well-being and over 10 weeks had an average of 10 young people per session
with some positive feedback. The aim of the project wa5 to respond lo the demand for mental
health support for young people in Westminster by offering a less intensive prev8nlative
seNice easily accessible. Al the lime of ￿lting, we a￿ hoping lo find funds to contlnue thls.
Theory of Chang•- Creatlve Arts Therapy
Creative Arts and
Drarna Therapy
to ￿MIl￿s
oFsires%
beiry
Art&Cromo OT
or¥ll* or& tmrw
Volunteer Space
We have a robust volunteering programme that provides a range of volunteerlng acllwties for
local residents, corporations, therapeutic placements, student interns and those wanting lo
make a difference within the community.
Companies that have supported us thls year have been Draker LettiNJ$, PGIM, and Step.
particularly raising funds or goods for family events.
Roles include direct work with families. administration, marketing an¢J fundralsing.
Volunteers can see how a charity works within an urban. hyper-diverse context.
+ Volunteers discover our Vincentian values and Can Incorporate them and their
corresponding behaviours into their good reflective praclice.
St Vlncenvs Famlly Project 9

Tru8tsos' report 31 March 2024
Voluntoer Space (continued)
• We had 35 volunteers in total including 6 students from OMNES Education London
School, 2 students from University of Essex. 2 from Royal Central Schoot of Speech and
Drama, 1 from King's College London and 1 student from CAPA, The Global Education
Nets*￿rk.
• 3116 hours of volunteered time to the charity. valued al £ 43,289.8 (ba$&d on London
Llving W8ge)
• Involvement.. parentlng courses, healthy living course, 1..1 support, fitness sessions. Drop-
In sessions, crèche, dentsl workshops. outings. events such as Christmas party, sports
day, social medla and communication, outreach, database managemenl, small
fundralsing, decorating of the project. and filming and video editing
• 9 Trustees gave lime outside of the scheduled board meetings and planning days
during the year
Equal opportunltles
St vin￿nt'S Family Project strw8s lo apply the principle of equ81 opportunlties throughout the
organisation, and to thal end regularfy revkn Its Equal Opportunikn'es & Diversty Policy.
The chaiity is please(I to welcome families, espec6ally th09e experiencing dlfficuhies,
irrespe¢tNe of age, sexual orientstion. ethnic origin, gender, religion or ststus. Its aim is
always to help those who would otherwise firKI th&mselves marginalised and excluded from
the means of support they need.
The charity aims lo apply equal opportunllles for both paid staff and volunteers.
Safeguardlng
The charity recognises the need lo protect children from harm and promote their welfare and
to that end maintains a robust Child Safeguarding Policy.
All staff and volunteers are required to be checked through the Disclosure & Barring Service
{DBS) and receive training in Child and adult protectM)n and safeguarding iSSLtes. As part of
their induction process, they are required to read the charws policies v￿thin the Employee
Handbook andlor SVFP Pollcy Folder.
Fundralslng
This year we did manage lo ra15e more income than th8 prevlous one. Thin9s were easier
because, following the previous period's economic crisis, 2023-2024 wa5 more prediclable.
However. options for grant funding are drfficult and challenging. so we began lo invest in
developing our longer tem capacity al the end of the year by bringing in a consultant to help
us going forward.
Thi5 last year we were particularfy pleased that we were able to attract core fundlng and also
to have a successful fundraising campaign based around a bakiro competition supported by
Draker Ltd.
Sl Vin(*nt's Famity Project 10

Trustees, report 31 March 2024
Financlal revlew
Resufts for the year
A summary of the results for the year to 31 March 2024 is given on page 21 of this annual
rewrt and financial slatemenls.
During the year, in¢ome lotalled £329,098 {2023- £318,081). Donation income amounted to
£319,41312023- £307,389).
Expenditure lotalled £340,30312023 - £360.346} and included staff costs of £251.935 {2023
- £280.851). and premises costs of £40,840 (2023- £36,277).
Flnanclal posltlon
At 31 March 2024 the charity had total negative funds of £43,822 {2023 -£32,617). AJI funds
were unrestricted.
Reserves pollcy
The charity is highly committed to ensuring a continuing service lo the children and families
reliant on tts seNices. In order to provide sufficient flexibility to cover temporary Shortfalls in
income due lo timing differen￿$ in cash flows and lo respond lo unforeseen events, the
trustees aim lo maintain general reserves equal to at least three months of expenditure, which
equates to approximately £￿.000. The reseNes of the charity are currently below this
poslllon.
Going eoncwn assessment
The year ended with a cumulative def￿11 on unreslricled fvnds for a second year in a row.
However, there was considerable progress by the charity towards reducing the larger deficil
position from the previous year, which arose largely due to the effect of the economic crisis.
There was a nee(1 lo ¢onlinue to utilise loans in 202>2024 to manage the effects of the cash
flow difficulties of the previous year, which had been a particular problem.
In June 2024. the charity exp8ri8nced a cashflow shortfall resulting in insufficient funds to
meet the expenditu￿ for the month. The Daughters of Charity of Sl Vincent de Paul CIO
generously gave an emergency grant of £5,000 lo cover the salary costs whilst a deasion
was made lo defer the remaining expenditure.
At the time. there was also some uncertainty around the income for July arKI August 2024.
On seeking immediate prof88sional advice, the Board suspended all operations and issued
notices of redurKlancy to all staff. Long-standlng grant making foundations and trusts were
informed of the stbjalion and some of them offered support on the ¢ondilion the Board was
confident that the proje¢t ¢ould continue as a going concem. Emergency grant fvnding of
£50,000 was applied for from Westminster Community Support which was received and at
the same lirne the charrty was notrfied of an award of £20.000 from the Natior￿1 Lottery lo use
the sensory equipment room for support work with families whose children had delayed
development or mild $pe¢ial needs.
Sl vir￿nt'S Family Project 11

Trusteos, report 31 March 2024
Flnanclal revlew (conlinued)
Going concern assessment (conlinued)
In the following weeks. the Board considered several proposed restructurlng optSons for
restoring services. On reviewing the detailed proposed cash flow forecasts and proposed
budgets relating to the proposed staffing structures, while at the same lime taklng professlonal
advice lo 8nsure appropriate decision maklng, al the end of July the Board agreed a reduced
staff structure and approved a proposed budgel. Every month, the Board will monitor the
progress of the actual irKome and expenditure against the budget and the progress of the
actual cashflow against the cashfiow ftyecasts. Thls has been pul in place in order lo
anticipate well in advance any reduction in income and cash and lo take appropriate action.
Havlng reviewed the available evidence, the dlrectors and truslees have concluded that
although there is material uncertainty related lo current prol8ction$. 11 Is appropriate for the
charity lo continue lo prepa￿ thelr a¢counl$ on the going concern basis.
Futur• plan8
Through 2024-25, St VirKenl'$ Family Project will aim to achiev8 the following obje￿Ne$=
Continue to reach out to as many vulnerable families, to be aware of us and to encourage
them to come lo restore the project as a community for families.
Continue to utilise partnerships to offer a varled and responsNe service.
Continue to develop a package of help that will support familieg most impacted by Ihe
cosl-of-living cris1$.
utilise volunteers and Students to support the efficacy of our programme.
Develop a complete fundraising plan to help build the charity reserves ov8r the next 3
years.
Explore more use of corporate support for volunteering and Ir￿Me generation.
Gov•rnanco, Structure and management
Govemanc•
The charitable company, whlch is governed by a Memorandum aT¥J Articles of Association,
was Incorwrated as a company limited by guarantee (Company Registration Number
07638620 (England and Wales)} on 18 May 2011 and is a registered ¢harty {Charity
RegistratK)n Number 1142095).
The sole member of the company, and thus its parent entity, is DCSVP servi￿$, a wistered
charlty {Charity Registration Number 11493261 and a company limited by guarantee
(Company Registration Number 07638065 (England and Walesll, set up by the Daughters of
Charity of Sl Vincent de Paul, to safeguard the Vincentian ethos in various prtsjects Such as
St Vincenys Family Project.
In the event of St Vlncenys Family Project winding up, the member Is required to (￿ntribUte
an amount not exceeding £1.
St Vincent's Family Project 12

Twstses, report 31 March 2024
Governance, stru¢tur¢ and management {continued)
Govemance {continued)
Potenlial SVFP Irustees are sourced via suggeslions from the Chair, trustees and the Chief
Executive. Potential ¢andidate8 are then interviewed by the Chief ExecutNe whh an inltlal
recommendation to the SVFP trustees. The next stage is for an interview by a trustee. The
candidate is then asked to attend a trustees. meeting as an observer and asked lo make a
Short statement lo the Iruslees, followed by questlons and answers by the candidate and
Iruslees. The trustees take a majortty vole on whether lo accept the candidate as a Iruslee.
A new trustee must be approved by Ihe Board of DCSVP Services before they can be
appointed. On appointment. the new trustee receives a short induction, and they are DBS
checked.
The names of the trustees who served during the year are set out on p8ge 1 of this report and
financial statements and brief biographical details on each of the trustees are glven below..
Te￿$8 Crowley
Teresa works as a Pastoral Liaison orrr2r and Careers Leader at Notre Dame School. In
both roles she deals with outside age￿leS and is a school liaison for many drfferent
businesses, charities and local authority agencies. Teresa has a degree in Sccial Sciences
aThJ a Post Graduation Qualificatlon in Careers Leadership. She loves her job at Notre Dame
working on enrlchmenl projects wth the students whi¢h include programmes like- an art
project around the First World War that was exhibrted al The Guildhall, a dance project with
Rambert which saw the students perfomi at their studio and writing a book of memories with
th8 local eldedy day centre.
Sister Liz Ferrie
Sister Liz Ferrie has served the Daughters of the Charlty of St. Vincent De Paul for 53 years.
She Is both a qualrfied Nursery Nurse and RGN for adults. Her working life is one of caring
for people of every age and conditions. She has also trav&lled conslderably for her work for
humanitarian causes.Having spent 6 years in Paris as English speaking Se¢￿tsry she
retumed lo England where she has been working on research for the Daughters of Charity.
Philippa Gitlin
Philippa Gitlin worked both as a CEO and trustee in the UK charity sector and served on 3
school governing bodies before retiring in 2010. Since then, she has served on the board of
a French Charity addition to providing consultancy on governance lo other charities in the
UK. She was also until recently a trustee of FARA Foundation UK, a charity suppjrting
servws lo severely disadvantaged children and families living in poverty In Romanla.
&ster K8thleen Kennedy
Sister Kathleen Kennedy entered the Daughters of Charity of St win￿nt de Paul in 1966. She
work&J in residential child Ca￿ for fourteen years. after which she ran a pre-school group in
a primary school setting. She qualified as a teacher wth Bachelor of Arts with Qualrfied
Teacher Status IBAQTS) and taught in an inner city primary school for sixteen years. She
worked as part of a city wide Evangelisalion Team In Hull before being appointed lo the
Provincial Council of the Daughters of Charity.
Sl Vincenvs Family Project 13

Twstfjes, report 31 March 2024
Govornanco, Structuro anfl monag•mont (continued)
Govemance (continued)
De8¢on Ali Mcmillan
Deacon of the Methodist Church al the Methodist Central Hall, Weslminsl8r, Deacon Ali
Mcmillan had been a Teacher in Secondary Schools and Sixth form colleges before loinlng
the ministy- She has through her pastoral activities worked with all age ranges in the
community.
Ifeoma Ok8for
Ifeom8 Ok8for's Tr$t degree w8$ In M￿rOb1010gy. but she then wenl on to Gomplets an Msc
in Financial Economics. She cuffently works as a Senior Financial Reporting Manag8r in the
Financial SerV￿&s industy. She has 8 b8ckground in supporting Gharities work and GoaGhing
people into employment.
Joann8 Wormell
Joanna Wormell, having completed a first degree in Russian, was admitted as a solicitor lo
the Supreme Court of England and Wales in 2002. Since 2007 Joanna has worked for RBS
and currently holds the position of Managing Director, Global Head of Compllance, Capltal
Resolution. Though a very experienced traveller she lives in South Westminster.
Rosemary Jackson
Rosemary Jackson works al Mastercard International and holds the position of Sr. W￿e
President. Real Time Payments Solutions. Working for Mastercard for 20 years, based tyjl of
Sydney. Singapore and now London with experience across various roles ￿VerIng sofiware
management, customer proje¢t implementation. business analysis, migration of core banking
systems. testing and release management, working do$ely wth bank$ in the UK, Nordics &
Baltics, Middle East Africa and Asia Pacrfic markets.
rim Hassell
Tim Hassell is the Managing Director of Draker Lettings, a propety lettings company in Wesl
London. From modest origins in Liverpod. Tim has always been motivated lo pass on the
kindness and support he experienced growng up and getting to where he is. He has been a
Tnjstee for the Breast Cancer Tnjst and Robert Grace Trust.
Structure and management reportlng
The uttimale responsibility for the Charity lies wilh the Iruslees. The day-t¢>day management
is delegated lo the Chief Exe¢utive. Meetings are held regularly with the trustees, service
users and the staff team to ensure the quality of $eNice and the aims of the charity are b8ing
met.
Key management
The trustees consider that they logether with the Chief Executive comtsyise the key
management of the charlty in ch8rge of directing and cortrolling, Tunning and operating the
charity on a day-to4ay basis.
The pay of the Chief Executive is reviewed annually by the tru51ees.
Sl Vincenvs Family Project 14

Trustees, raport 31 March 2024
Govemance, Stw￿￿re and rnanag¢m¢nt {continued>
Risk management
The Iruslees undertake an annual review of the principal T13ks and uncertainties that the
charity faces categorising the risks be￿een those affecting the governance and management
of the charity, operational riskg, financial risks, reputational risks and those whlch occur
because of circumstances outside of the ch8rity's control such as changes in government
policy, laws and regUlat￿nS. They regularly review the measures already in place, or needing
to be pul in place, to eslablish KK)Ilcies. systems and procedures to mitigate those risks
IdentWl8d In the annual review and ensure that aclion is taken to implement changes to those
policies, systems and prO￿d￿re$ should they be needed to minimise or manage any polenlial
impact on the Char￿ should those risks materialise.
Th8 trustees have idenlrfied five main areas where risks may occur. governance and
management, operational, financial, repUtat￿nal and regulatory.
Govoman¢o and management considers the risk of the tharfty, sufferlng from 8 lack of
direction, al the skills and training of Ils members and staff, and the good use of ils resources.
Op•ratlonal considers the risks inherent in the charltys acllvlties including any potential
shortcomings in the servlces provided. staffing. poor health and safety. and the disaster
recovery plan, elc.
Flnanclal risks Include those arising as a result of poor budgetsry control, Inappropriate
spending. poor accounting, elc.
Rèputatlonal risk would be possible damage to the charity's reputation.
Regulatory risk considers Ihe effects of government policies, the consequences of non
compliance wth laws and regulations and poor risk assessment.
Having assessed the major risks to which the charity is exposed, Ihe tru$lee$ belleve Ihal by
monitcffing r8serve levels, by ensuring controls exist over key financial systems, and by
examining the operational and business risks faced by thg tharity, they have established
effe¢ttve systems to mitigate those risks.
However, they acknowledge also that the tharity's aclivities expose it to a variety of financial
risks. The charty has in pla¢e a risk management programme that seeks to Identify and
mitigate the effects of the risk on ils finances. The principal financial risk remains the impact
of the general economlc conditions 8nd its impact on charitable funding.
Whilst the current level of funding for 2024-2025 Suggests that the charity will reach its Ir￿Me
targets. the trustees remain mindful that continued efforts need lo b8 made lo attract new
fijnding and addilional income streams.
The other key risk for the chartty, as idenlrfied by the Iruste&s. arlses because operationally
the charity works wilh children and vulnerable adults. The trustees recognise the absolute
necesslty of ensuring the protection and safety of all those that Ihe charity serves. This means
that all those who work or volunteerfor the charity and work with children or vulnerable adults
musl obtain clearance from the Disclosure and Barring SeNice (DBS).
Sl Virttnl's Family Prolect 15

Trustees, report 31 March 2024
Govornance, structuro and managwngnl I￿ntinued}
Statoment of trustees. responslbllltles
The Iruslees (who are directors of St Vincent's Family Project for the purposes of company
lawl are responsible for preparing the trustees. report and financial slalemenls in accordance
with applicable law and Unlleé Kingdom Accijunting Standards (United Kingdom Generally
Accepted Accounting PTaclice).
Company law requires the trustees to prepare financial statements for each financlal year.
Under company law the trustees musl not approve the financial statements unl8s$ they a
satisfied that they give a true and fair view of the stale of affairs of the charitable company
and of the inGome and expenditure of the charitable company for Ihal period.
In preparing these finanGial slatement$, Ihe trustees are required lo:
select suitable accounting ￿lIcIeS and then apply Ihem ¢onsislenly.
observe the methods and principles in the AGcounting and Reporting by Charities..
Statement of Recommended Practi￿ applicabse lo charities preparing their financial
statements in accordance wlh the Financial Reporting Standard applicable to the United
Kingdom and Republic of Ireland {FRS 1021.,
make judgements and eslimates that are reasonable and FKudenl.
state whether appliCa￿e United Kingdom Accounting Standards have been followed.
subject lo any material departures disclosed and explained in the financbal statements,.
and
to prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue in operation.
The trustees are responsible for keeping adequate accounting records that disclose with
reasonable accurw al any lime the financial position of the charttable company and enable
them to ensure that the financial stalgmenls ¢omply with the Compani85 Act 2006. They are
also responsible for safeguarding the assets of the charitable company and hence for taking
reasonab18 steps for the P￿ventIon and detection of fraud and other irregularibes.
Each of the trustees confirms Ihal..
so far a$ the trustee is aware, there is no relevant audit infomiation of which the charitable
company's auditor is Unawa￿,. and
the trustee has taken all the step5 that helshe ought to have laken as a Iruslee in order
to make himse￿}herSelf aware of any relevant audit information and to establish that the
charitable company's auditor is aware of Ihat inf0M￿tiOn.
St Vincent's Famity Project 16

Trustees, report 31 March 2024
Governance, stru¢turo and management Iconlinued)
Statem•nt of trt￿lee$. responslbllltles (continued)
Thlg confirmation is given and stK&uld be interpreterj in accordance with the provisions of s418
of the Companies Act 2LNJ6.
Approved by the trustees and signed on their behalf by..
krtki ffeA NJ
Philippa Gitlin
Trustee
Approved by the Iruslees on..
21 October 2024
St Vincent's Famity Project 17

Indep¢ndont audltoVs report Year to 31 March 2024
Indwèndent audltorf8 report to the member of St Vlncont's Famlly Project
Oplnlon
We have audited the financial statements of Sl Vincent's Family Project (the '¢haritable
company'l for the year ended 31 March 2024 which comprlse the slal8menl of financial
activities. the balance sheet, the statement of cash flows. the prin¢ipal a¢¢ounting policies
and notes to the financial slatemenl$. Thefinancial reporting framework that has be8n applied
in their preparation is applicable law and United Kingdom Accounting Standards. including
Financial Reporting Slan(lard 102 The Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland, {United Kingdom Generally Accepted Accounting Praclice)-
In our opinion. the financial statements:
• give a true and fair view of the stale of the ¢haritable company's affairs as at 31 March
2024 and of 11$ income and expenditure for the year then ended,.
• have been propedy prepared In accordance with United Kingdom Generally Accepted
Accounting Practice., and
• have been prepared in accordance wllh the requirements ofthe Companies Act 20C6.
Basis for opinion
We conducted our audit in accordance wrth Intemational Standards on Auditing (UK) IISAS
{UK)) and applicable law. Our responsibilities under those standards are fvrther described In
the Auditor's r8sponsibililies for the audit of the finan¢l81 $latemenls section of our report. We
are independent of the charitable company in accordance with the ethiol requirements that
are relevant lo our audit of the financial statements in the UK, induding the FRC'S Ethical
Standard, and we have fulfilled our other ethical responsibillties in accordance with these
requirements. We belFeve that the audit evidertt we have obtained is Suff￿lent and
appropriate to provide a basis for our opinion.
Matarlal uncertalnty related to golng concorn
We draw your attention to the accounting policy on pages 25 and 26 of the financial
statements regarding going concern, which sets out the material uncertainties related to going
con¢em. Further details surrounding Ihe uncertainties are outlined on pages 11 and 12 of the
Trustees, report.
Other Infomiatlon
The Iruslees are responslble for the other information. The other inforrnalion comprises th&
information included in the Annual Report and Financial Stalemenls. other than the financial
statemen15 and our auditor's rewrt thereon. Our opinDn on the financial statements does not
cover th8 other information and, except to the extent olhewise explicit￿ stsled in our report,
we do not express any forni of assurance conclus￿￿n tr￿￿on.
Sl Vincent's Famity Project 18

Independent audltor's report Year lo 31 March 2024
Othèr Infornlatlon {conlinuedl
In Connection with our audit of the financial statements. our responsibiltty is to read the other
information and, in doing so, consider whether the other infomiation is materially in¢onsislent
with the financial slalements. or our knovledge obtained in the audit or otherwise appears to
be materially misstated. If we identfy such material inconslstencies or apparent material
misstatements, we are required to delermlne whether there ts a material misstatement in the
financlal statements or a material misstalemenl of the other infom)alion. Ir, based on the work
we have performed, we Gonclude Ihal there is a material mi5Statement of thi$ 01￿ infomialion.
we are ￿quired to report that fact.
We have nothing to report in this regard.
Oplnlons on othor mattors prescrlbed by the Companios Act 2006
In our opinion, based on the work undertaken in the course of the audit:
• the iTrformation given in the Irustees, report for the financial year for which the financial
statements are prepared is consistent with the financlal stslemenls,. and
the tru$tees' report has been prepared in accordance with applicable legal requirements.
Matt•rs on vthich w• are roquirod to réport by exception
In the light ofthe knovAedge and understanding of the charitsble company and ils environment
obtained in the course of the audit, we have r￿t idenlrfied material misslalements in the
trustees. report. We have nothing lo report in respect of the following matters in relation to
which the Companies Act 2006 requires us to report to you rf. in our opinion..
• adequate accounting re¢ords have not been kept- or
• the financial statements are not in agreement with the accountlng records and retums,. or
• certain disciosures oflrustees. remU￿atiOn specified by law are not made,. or
* we have not received 811 the information and explanat￿n8 we require for our audit- c
• Ihe thJsle8s We￿ not entitled to prepare the financial stal8ments in accwdance wlth the
small Company's regime and tak8 advantsge of the small companies, exemptions in preparing
th8 trustees, ￿port and from the requirement to prepare a strategi¢ report.
Respon61bllltlos of twsteO5
As explained more fulty in th8 Statefflenl of Iwstees. responsibilitv8s, the trustees ¥e ￿pOnsIb
for the preparation of the financial statements and for being satisfied that they give a true and
fair view, and for such internal Control as the Iruslees determine is necessary lo enable the
preparation of financial statements that a￿ free from material misstatement, whether due to
fraud or error.
In preparing the financial s￿￿eMentS. the trustees 8re responsi1￿e for assessing Ihe charltable
Company's abllty to continue as a goiro concem, disclosing. as applicable, matters related to
going concern and using the going concern basis of accounting unless the trustees either
intend lo liquidate the charitable company or to cease operations, or have no realisti¢
alternative but to do so.
St Vincenfs Family Project 19

Independgnt auditor's report Year to 31 March 2024
Audltor's responslbllltles for tho audlt of the flnan¢ial sL1t•m￿t8
Our objectives are to obtain reasonable assurance about whether the financial slatemenls as
a whole are free from material misstal&ment, whether due lo fraud or effor, and to issue an
auditor's report that Includes o￿T opinion. Reasonable a5suran¢e is a high level of assurance
bul is not a guarantee that an audit conducted in accordance with ISAS (UK) will always detect
a material misstatement when il exists. Mi$stalements can arise from fraud or error and are
considered material rf. individually or in the aggregate, they Could reasonably be expected lo
Infiuence the economic decisions of users taken on the basis of these financial statements.
Irregularflles. Including fraud, are instances of non￿mplIance wth laws and regulations. We
design procedu￿ in line with our responsibilities, oulline(l above, to detect materlal
misstalem8nls in respect of irregularities, including fraud. The extent to which our procedures
are capable of detecting irregularities, including fraud is detailed below.
Our approach to identfying and assessing the risks of material misstatement in respect of
irregularities, including fraud and non-compliance with laws and regulations, was as follows:
+ the Senior Siatulory Auditor ensured that the engagement team collectivety had the
appropriate competence. capabilities and skills to Idenllfy or recognis8 non-compliance with
applicable laws and regulations,. and
+ we obtained an understanding of the legal and regulatory framework5 thal are applicable
to the charitable company and determined Ihal the most signrficant frameworks which are
directly relevant to specrfic assertions in the financial statements are those thal relate lo the
reporting framework (Statement of Recommended Practice.. A¢¢ounling aThJ Reporting by
Charf(ies preparing their aCc￿nts in accordance with the Financial Reporting Standard
applicable in the Unrted Kingdom and Republlc of Ireland IFRS 1021 and the Charities Act
2011.
We assessed the susceptibility of the charty's financial statements lo material misstatement,
including obtsining an understanding of how fraud migm occur, by..
making enquiries of management as to their knowledge of actual, suspected and alleged
fraud", and
• considering the internal controls in place to millgate risks of fraud and non-compliance
wllh laws and regulations.
To address the risk offraud through manag8ment bias and override of controls, ￿..
• performed analytical procedure5 to idenlrfy any unusual or unexpected relationships.
• caThied out substantlve testing of expenditure including the authorisalion thereof.
• revlewed Journal entries to identify unusual Iransa¢tions and substantiated these where
appropriate.. and
• assessed whether judgements and assumptions made in determining the ac¢ounting
estimates were indicative of potentkgl bias.
St Vin¢enl's Famlly Project 20

Independent auditorf8 r•port Year lo 31 March 2024
Audltovs rgsponslblllll95 for the audit of th?financlal statements Icontinuedl
n response to the risk of irregularities and nonp¢ompliance with laws and regulations, we
designed procedures which included, bul were not limited to-
• review of the minutes of meetings of those charged with governance" and
• enquiring of management a$ to a¢tual and potential liligalion and claim5.
There are inherent limitations in our audit procedures described above. The more removed
th* laws and regulations are from financial Iransaclion$, the less Ilkely It 19 that we would
become aware of norb-compliance. Audillng standards also limit the audit procedures required
to identrfy non-compliance with laws and regulations lo enquiry of the trustees and other
management and the inspection of regulaliyy and legal correspondence, if any.
Material misstatemenls that arise due to fraud can be harder to detect than those that arise
from error as Ihey may involve deliberate concealment or collu$ion.
A fvrther description of our responsibilities is available on the Financial Reporting Council's
website at www.frc.org.ukJaudilorsrespon$ibilll￿. This description forms p8rt of our auditor's
repcrt.
Use ol our report
This report is made solely to the charitable company's member, Sn accordance with Chapter
3 of Part 16 of the Companies A¢1 2006. ()Jr audit work has been undertaken so that we might
Slate lo the ¢haritable company's member those matters we are required to state to it in an
auditorfs report and for no other purpose. To the fullest 8xlenl pemiltted by law, we do not
accept or assume responsibility to anyone other than the charitable company and the
charitable company's member, for our audit work. for this report, or for the opinions we have
Peter Mackereth {Senior Slatulory Auditor)
For and on behalf of Buzzacott LLP, Statutory
Auditor 130 Wood Street
London EC2V 6DL
25 October 2024
St Vir￿n1'S Family Project 21

Statement of financial activilles (Including incom¢ and exp•ndfturn account) Year to 31 March 2024
Ur*
re#trkted Rostrkted
funds
lunds
2023
Tot81
funds
Total re5tricled Resthcted
funds
fvTrY5
fvrxls
Incom•:
DonBlonsandgrants
sank Int￿8￿1
Crèch*and¢i&aOveArt
Therapy fees
Mis(￿lan￿S
Total Income
132.031
421
187,382
319.413
421
147.393
91
1￿,￿ 307
5.291
5.291
5.310
318,081
5,232
152,716
132.452
196.616
329,096
165,265
Exp8ndi￿r#.'
Charltsble all
. Provi8ionofwvlc88to
VulneraNela￿1lle5
9&679 243.024 340.303
96,879
243,624
156.622
156,622
2Q3,724 360,346
203,724 360,346
Totsl ¢xpondiiur•
N•t•XPondlture b8for•
trnn¥f*rs
3S773
146,9781
111.205)
13,W61 138,3591 1422651
Transfws bgknveen bjrds
40.978
38,359
N•t •xp•ndMuro and n
mLivemenl In fvndl f¢4rth• yw
{113051
111.20• 1422651
1422651
RoconClMatk*noflw￿s.
Balan¢ebroughtfrMward al
1 April 2023
Batant•tarriÈdfO￿8rd at
31 MarGh 2024
617
617
.822
32.617
32.617
All recognised gains and losses are Included in the above statement of financial activities.
All of the ¢h8rity's activities continued duriro the above Iwo financK81 years.
St Vincenvs Family Project 22

Balanco sheet 31 March 2024
2024
2024
2023
2023
Nt)tés
Fixed •¥¥tts:
Tangible assets
1,347
2,020
Current assets:
Debtor
Cash at bar* 8nd in haThJ
Totsl eurrnnt a88ets
9,203
5,390
14.593
16.542
8.853
25.395
Llabllltlo$:
c￿ditorS.. amountsf&lling due
within one year
Net curront (Ilabllltl•81088¢ts
{59.762}
160.0321
{441891
(34.6371
Total nèt Illabllhhsl ass•ts
(43.8221
{Y2,6171
ReprtSont¢d by:
The funds of the ¢h•rlty
Restricted funds
Unrestricted fijnds
. Gengral ftjnd
T¢i•l charity funds
{43.8221
{43,8221
{32,6171
132,6171
Approved by the trustees
and signed on their behalf by..
knki¢FA &TLI AJ
Trustee Philippa Gitlin
Approved by th8 trustees on.. 21 October 2024
St Vincent's Family Project- Company Registralion Number 07638620 IEn9land aThJ
Wales)
St Vincent's Family Project 23

Statement of cash flows 31 March 2024
2024
2023
Cash flows from operating activiti•8:
Net cash used In operallr4J actwities
132.9631
165,49ti
Cash fl4)W8 from Invo8tlng act1v1tl￿.
Purcha$8 oftsnglble fixed a&sets
12,6931
Caih fltsws from financlng a¢tlvltl•s:
Cash inftows from ngw borrowing
25,000
Chango In c￿h and •quivaknts In th• year
13.4831
143.1841
C88h and ¢a•h oqulv8lents at 1 Aprtl 2023
8,853
52,037
Co$h and cash •qulvalents at 31 March 2024
5.390
8.853
Noto8 to the slatomont of cash flows for the year to 31 Mar¢h 2024
A R¢¢onclllatlon of net movement in funds to nèt cash flow used In operatlng activities
2024
2023
Net movgm?nt in fvnds {as por th• statemont of ffinan¢i4 aetivitlé81
AdJustr￿nI•￿,
Depreciation charge
Dgcroasè In debtors
(Decreasel in cr&JTtors
Net cash used In operatlng acdvltlo
111.2051
142.2651
073
673
7.339
29.7701
132.963)
8.027
131.9261
165,4911
B Analysis of cash and cash equlvalents
2024
a)23
Total cash and ¢a$h •qulval•nts'. Cash al bank arKI in hand
5,390
8,853
C Analysls of changes in net dfA)t
At 1 April
2023 Cash ftows
At31
March
2024
Cash al bank and in hand
8,853
{3.4631
29,500
5.390
Loan5 falling due wlhin one y8ar
Total
5.000
54.500
49.110
St Wi￿ent'S Family Project 24

Prin¢ipal a￿)untIng pollcles 31 March 2024
The prlncipal accounting poliGies adopted. judgements and key sources of estimation
uncertainty in the preparation of the financial statemen15 are laid out below.
Basls of preparatlon
Th8se financial $tatements have been prepared for the year to 31 March 2024 with
comparative irrformation given In respect to the year lo 31 March 2023.
T￿fInancial statements have been prepared underthe historical costconvention with items
recognised al cost or transaction value unless otherwise slated in the relevant accounting
policies below or the notes to these accounts.
The financial statemenls have been prepared In accordance wlth the principles set out in
Accounting and Reporting by Charities.. Statement of Recommended Pradi¢e applicable lo
charities preparing their accounts in accordance wtth the Financial Reporting Standard
applicable in the United Kingdom and Republic of Ireland {Charities SORP FRS 102}, the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102} and
th8 Companies Act 2006.
The charity constitutes a public benefit enlty 8s defined by FRS 102.
The financlal statements are presented In stedlng and are rounded to the near85t tx)und.
Crltlcal accountlng e5tlmatgs and ar￿ Of judg•mont
Preparation of the financial statements requires the trustees and management to make
sunificant judgements and eslimales.
The main judgement or estimate that has been made In these financial statements relate5
lo the useful e¢onomlc I￿e of tangible fixed assets used in determining the annual
depreclallon charge and the asse5smenl of future income and expenditure as part of the
budgetary Process and as$es8ment of going concern.
Assessment of golng concern
The trustees have assessed whelherthe use of the going concem a55uiiiplion 18 approwiate
In preparing Ihesefinancial stslements. The trustees have made this assessment in respect
to a period of at least one year from the date of approval of these financial statements.
Pages 11 and 12 delall the considerations and decisions made by the Board during the
Summer of 2024 following the cashflow difficulties experienced by the charity. The Board
of Trustees have Considered the ability of the charity lo meel ils liabilities as they fall due
over the next 12 months and 2¢cept that uncertainty remains gwen Ihe charity's
dependen￿ on grant funding from charitable Iwsls and foundations. However, the
Trustees having been assured by the local authority community support body that the
proj'ect provides a unmjue and much needed servlce to disadvantaged families in an a￿a
of high deprNation they wish to continue operating those services in the best inleresls of
the beneflclarles.
St Vincent's Famity Project 25

Prlnclpal accounting poli¢i¢$ 31 March 2024
Assessmgnl of going ¢on¢orn (continued)
Therefore. having 8xamin8d the incomeforecast, budgets and operating structure to satisfy
themselves that, with the information available and within realistic parameters, this plan is
udenl and achievable. Given Ihal we have also pul in place increased monitoring to
avoid future instability and to support greater financial ¢onsistency. the Trustees are of the
opinion that the operations should continue.
Having reviewed the avail2bl& evidence, the directors and tnJstees have concluded that
although there is material uncertainty related to Current projections. it is appropriate for the
charity to continue to prepare their accounts on the going concern basis.
In¢ome recognlllon
Income is recognised in the Pefiod in which the charitable company is entitled to receipt, the
amount can be measured with reasonable certainty, and it is probable Ihal the income will
be received.
Income Comprises donations, grants. bank intere$l. crèche and creatNe art therapy fe85,
income from other trading activities. and miscellaneous income.
Donations and grants are recognised when the charity has confinnalion of both the amount
and settlement date. In the event of donations pledged but not received, the amount is
accrued for where the receipt is considered probable. In Ihe event that a donation or grant
is subject lo conditions that require a level of performance before the charity is entilled to
the funds, the income is deferred and not recognised until either those conditions are fully
met, or the fuifilmenl of those conditions is wholly within the control of the charity, and it is
probable that those condition$ wll be fU￿illed in the reporting period.
Income from the Coronavirus Job Retention Sch8me is cTrdited to the statement of ffin8nclal
activities once the charitable company Is entitled lo the fiJnding and the amount receivable
has been quanllfied.
In ac¢ordance with the Charrti88 SORP FRS 102 volunteer time is not recognised.
Donated goods are recognised at fair value unless li is impra¢li¢al to measure th1$ reliably
in which case a derived value, being the cost ollhe item lo the donor, is used. An gquivalenl
amount is included as expenditure except where the donated good is a fixed asset in which
case the corresponding amount is included in the appropriate fixed asset category and
depreciated over the useful economic lrfe in accordance with the charity's accounting
policies.
Income recognltlon
Inleresl on funds held on deposit is included when re￿1vable and Ihe amount can be
measuied reliably by the charlty.. th1$ is nomialty upon nolificalion of the interest paid or
payable by the bank.
Income derived from the levying ofcharge$ for Crèche and Creative ArtTherapyand Ir￿Me
St Vincent's Family Project 26

Prlnclpal accounting poli¢ies 31 March 2024
from trading actlvltles is measured at the fair value of the consideration received or
receivable, exduding disGount$ and rebates.
Miscellaneous income is measured at fair value and accounted for on an a¢cnJal's basls.
Expendlture recognltk)n
Liabilities are reo)gnised as expenditure as soon as there is a legal or constructive
obligation ￿MMItt1ng the charity lo make a payment to a third paty. it is probable that a
transfer of economic benefits will be required in settlement and the amount of the obligat￿n
can be measured reliably.
All expenditure is a¢¢ounted for on an accrual's basis.
Expenditure on charitable activities comprfses expenditure on the provision of a safe and
stimulating envlronment where parents and children Can lake part in activities together and
ag IndNiduals.
Governan￿ costs arecosls associated wllh the governance arrangements of the ¢harltable
company that relate to the general running of the charitable company a$ opposed lo those
costs associated with fundraising or ¢h8rilable aclivty. Included within this category are
costs associated with Ihe slralegic as opposed lo day-l￿daY management of the charitable
company's aclsvities.
Costs are apportioned based on the number of sessions prowded at the Family Project for
each activity.
l expenditure is ststed indusive of irrecoverable VAT.
Tangiblg fix￿ auots
All assets costing more than £3.000 and with an expected useful Ilfe exceeding one year
are capilalised.
Depreciation is provided at the followiro annual rate in order to wrlte off each asset over its
estimated useful Itfe..
Furniture and equipment
25Vo on cost
Computer equipment
25¥0 on cost
Dobtorn
Debtors are recognlsed al their settlementamount, less ary provSslonfor non-re¢overability.
Prepaymenls are valued al the amount prepaid. They have been discounted lo the present
value of the future cash re￿Ipt where such discounting 13 material.
St Vincenvs Family Project 27

Principal ac¢ountlng policies 31 March 2024
Cash at bank and in hand
Cash al bank and in hand represents such accounts and inslrumenls that are available on
d8mand or have a maturity of less than three months from the date of acquisition.
Crgditors and provlslons
Creditors and provisions are recognised when there is an obligation at the balance she81
date as a result of a past event, il is probable that a transfer of economic benefit will be
required In setlement. and the amount of the settlementcan be estimated reliably. Creditors
and provisions are recognised at the amount the charity anticipates il will pay to setue the
debt. They have been discounted to the present value of the future cash payment where
such discounting is material.
Fund structurè
Restricted funds comprise monies faised for, or Iheir use restrthd to, a specific purpose,
or contributions subject lo donor-im￿s8d conditions.
Generalfvnds represent monies which are freely availableforappli¢ation towards achieving
any Gharitable purpose that falls within the charitsble companls charitable objects.
Leased assots
Rentals applicable to operating leases where substantially all of the benefits and rlsks of
ownership remain with the lessor are charged to the statement of financial activities on
straighl-line basis over the term of the lease.
st Vlncenvs Family Project 28

Note8 to tho financlal statements 31 March 2024
1 Donations and grants
Totsr
fvnd¥
Grants
N8lk)ral Lottery
YoungWethkn8tsr
Plmlto Mlllior
AweLq Galkqgher
Sl M•bcne EthKatK)n81 Foundthi
10mO
18,128
10,000
1&128
1.OOD
1.000
S.200
10,500
2,23•
S200
10.50
W8sbMln*WinterGwant
Wesknlnstsrwor
WesknIn¥￿reity CoLmdl
Groun￿
LDRO
2.239
f5.000
5.0fy)
1.000
5,200
20.000
1.000
5,200
2S.000
5.000
simd P8ri8h Tr￿t
5,000
Swlrecharhab￿Tntst
Thest Glk$-in4hfrF%kYs￿￿l1ddM Sh81ton Ed￿thn￿ Charfty
Edward Harvtsst Trusi
Wesknin8ter Fowdaon
Da￿3h￿r$ ofCh*ity ofSI Vlncert de Paul. Chari18tleTn•t
MeihodlstCer4r81HJl
John Lyon8(J•
14000
15.000
44,823
2.500
10.OOQ
40.000
YJ,750
10.000
40.000
23.750
45,000
187A82
105250
292.6J2
Otherdmyticffis
.781
24781
26,781
26,781
2024Totsl fund¥
132.031
187J82
319N13
2023
TrAal
futbJ8
Fur
Or*Wesknin*er
Young
Garfteklwestr
St mary￿bone
11.0
23.118
15.0
11,0
23,118
I5.(￿7
Mercer$Tn￿I
Hyde Pa￿ Chprileb￿T￿Mt
I￿)n￿ngerS
Mrs Smlth 8 Mount Tr
siste￿of The Hoty
S￿r￿Charl4b1eYNXl
TheSIGles4TrthèvF*kJs 8ThYWIllL9m Edur¥lond Cts
Lcffjdon Cala
Westri￿ter F¢)und•b¢fi
Daughters ofCh8rtyofSI v￿ntde Paul, Charit8NtsTnA
JDhn Lyon8Chttrrty
21.570
5,0
25,0
S.OLIJ
10,oriJ
21.5n)
5.OC¥J
25.ofKJ
5.0
10,OLK)
20,0
31.806
20.wo
31.8VB
4.￿0
lo,￿0
40.￿0
30,￿0
lo4,￿0
40,0
30.ON)
253,996
159.
Meth¢xli5tC¢rrtralHal
OlherdorwlK)nS
25,￿0
18.393
2S.ON)
18,393
43,393
2023TotslfurhYs
147.393
159,9
7,389
St Vincent'9 Family Project 29

Not￿ to the flnanclal statements 31 March 2024
2 Charitable a¢tivitios
a)24
Total
2ff23
Total
fvnds
Unr•striet•d R¢gtr1cted
fvnd¥
funds
Unre5trKW RestTKted
fvnds
Provi8lonol¥grvl¢wl•
vulneMbl* f•mlllés and chlldren
Staff ¢4JSts
Cr88tiv8 Arts Th8rapy
Famity Spaco
Vdunle8rSpa
PreTT￿se$
Furn￿ure and WUiFrfnent
In5uran(*
PrintiNJ, po*8, td8ph
and stationery
Recruitfflentand trainin9
Travel and substst*i
Professona11868
SUbS￿pt￿s
76.975
120.523
54.437
14.036
1,614
40.840
197.498
54,437
14.036
1,614
91477 130,698
56.676
224.175
56,676
8,340
1,056
36.277
11,070
2,676
1,056
28,267
11,070
8.010
1,772
5.455
1161
3.161
2,076
2.078
203
203
7.871
25
4.112
6,670
2,1e
7,871
4.112
670
2,160
2.850
2,818
96.679
MI￿l￿n￿U$
2023 Totalfunds
95
243,624
2.713
340,303
156,622
203,724
3&),346
3 Not •xpendlture and n•t movomont in funds for the year
This is staled after charging-
2024
2tr23
Staff costs (not8 41
Audtiorfs remUnera￿On Ilncluding VAT)
. CurrentyeaT 8tatutory audlt servkes
Dep￿lati(
251,935
280,851
2,850
673
3,120
673
As the charity is part of a large group, it 1$ required to have its accounts audited rather than
an independent examination. The drfference be￿en the indepen(lent examination fee and
audit fee is £2,50012023 - £2,400). which has been paid by the parent charty, DC Services.
4 Staff ¢08ts and remuneration of key manag•m•nt pèrsonn
2024
2023
staff costs during the yearwere 8s folkm..
Wages ar￿ salarie8
Pen$i)n Costs
Social security costs
183207
3,518
10,775
197A98
54,437
251,935
206,718
4.208
13,249
224,175
56,676
280.851
Contr8¢t *aff
Included within wages and salaries are redundancy costs of £10,67912023 - 4.100). The
average number of employees, based on head count, was 7 {2023- 8} whereas the average
number of employees. based on full time equivalents, was 6 (2023 - 7)- There were no
employees who earned £60,000 per annum or more (including benefits) during the year {2023
none).
Sl Vincent's Famity Project 30

Notos to thellnanclal statOrnOnts 31 March 2024
4 Staff costs and remuneration of key management personnel (continued)
The trustees consider that they together with the Chief Executive comprise the key
management of the charity in Charge of directing and controlling, runnlng and operating the
tharity on a day-to-day basis. The total remuneration {including taxable benefits and
employer's pension conlribullons) of the key management personnel for the yearwas £64.158
{2023- £62.8071.
None of the trustee8 received any remuneration in ￿SpeCt of their services during either year
{2023- none). Expenses were £Nil reimbursed to the trustees {2023- none).
5 Taxation
Sl Vincent's Family Projecl 1$ a registered charity and, theref￿e, is not liable to income tax or
rporation tax on income derived from its charitable aclNilies, as it falls wlthln the various
exemptions available to registered charities.
6 Tangiblè fixad asget8
Comwler
equipment
At 1 April 2023
Ad[￿l￿)n8
Disposals
Al 31 March 2024
2.693
2,693
2,693
Deprn¢i•li
Al 1 April 2W23
Charge for
On dispDsal8
Al 31 March 2024
673
673
673
673
1,346
N•t book value8
Al 31 March 2024
At 31 March 2023
1.347
2,020
1.347
2,020
7 Dobtorn
2024
2023
Othor debtors
CAT fe88
3.219
5,984
9.203
16.542
St Vinc8nl's Family Project 31

Notes lo the financial statoments 31 Ma￿h 2024
8 Creditors: amunts fallln9 due wtthin on• yoar
2024
2023
AccNals
Amount due to Methodist Central Hdl (not8 141
Amount due to th8 Daughters of Charftyof St Vincentde Paul Charitable
Trust (r￿te 141
D8ferr8d income.. grants r8wv8d in adva￿($9* below)
2.850
2,412
3.120
2.412
$4,500
29,500
25,000
,032
59,762
2024
2023
Defèrrèd Income at 1 April
Amounts rg1gaS8d fr(￿ previous years
Rosourcas deferred in the year
Deferred Income at 31 Marth
25,000
125.000)
55.000
{55,0001
2S,000
25,000
Deferred income r8la16S to grants received in advan¢è of the year lo which Ihey relate.
g Restrlcted funds
The income funds of the charity include the following restricted furKIs.'
Tran8foYs
botW¢on
funds
At31
March
2024
At1
Income Exp•ndliur•
Famity Space Proigct
Creative Arts Therapy Ploi￿t
157.560
39.086
196.646
1157.S601
180.0841
1243,6241
46.978
46.978
At31
M￿h
Trdnsfgr
2022
Ir¥xJm6 ExpoTrJiture
fvnds
2￿23
Family Space Pmject
Creative ArtsTherdPy Proj&
113,325
52,040
165,365
1113,3251
190,3991
1203.7241
38,359
38,359
The transfers be￿een unrestricted into restricted fundg occurs to ensure there is no deficit in
the year end position for restricted funds. The specffic purposes for whi¢h the funds were
received and applied in 2023 and 2024 are a$ ftjllows..
Fanpily SpaGe FIDiect
Funds provided to assist with the Family Space Project.
Creative Arts Therapy Project
Funds provided specrfully as a contribution towards the costs associated with the Creative
Arts Therapy Project.
St Vincent's Family Project 32

Notes to the financlal statements 31 March 2024
10 Analysis of not assots botw•en fund8
2024
3)23
To
fun(ts
fvnd•
fvnd•
funds
fvnds
funtls
Fund balancM¥A•
Flxed assets
Currentassets
Cr￿ltOrS.. amountslaHingd
wilhin ¢)ne year
Total ngt ass•ts
1.347
14S93
1,347
14593
2,020
2,020
25.395
159,762
143,8221
59.7621
143.8221
iei).oy21
132,61n
,032
132,617
11 Oporatlng lease commitrnonts
At 31 March 2024 the charity had the following future minimum commitments urKier non-
cancellable operating leases in respect of a photocopier".
2023
Lgases which ewre:
. Wthin one ygar
. Betr￿en one and ffive years
2.538
2,467
9.868
12,335
10,786
12 Liablllty of momber
The charity is conslituled as a ¢ompary limited by guarantee. In the evenl of the charity being
wound up its member is required to contribute an amount not exceeding £1.
13 Conlrol
Control of the ¢haritable company lies with its member and parent entity. DCSVP Services, a
registered charty {Charity Registration Number 11493261 and a (x)mpany limited by
guarÈnlee (Company Registration Number 07638065 (England and Wales)). The register8d
office of DCSVP Services is St Vlncent's Centr8, Cadisle Place, London. SW1 P 1 NL. The
financlal statements of DCSVP Service5 can be obtained from the registered office of DCSVP
Services is St Vincent'5 Centre, Carlisle Place, London, SW1 P 1 NL.
14 Related party transactlons
DLsring the year, Iruslees made £400 to the charity12023 -none). There aTr no other relaled
party transactions requiring disclosure {2023- none)-
Mathodlst Central Hall
St Vincent's Famity Project Is [￿nnected lo MethcKlisl Central Hall by virtue of the fact that
one of ils trustees is a senior employee arKI trustee of Methodist Central Hall. Two other
trustees are active members of the Methodist Central Hall.
• During the year the Proie¢l Contributed service charges to Methodisl Central Hall of £5.844
(2023- £5.8441, £487{2023- £487) of which was accrued at the year end. In addmion, the
Prolect paKI rent to Methodist Central Hall of £22.81)0 (2023 - £22,800). £1,900 {2023 -
£1,900) of which was accrued at the year eThl.
During the year Methodist Central Hall gave a donation of £23.750 {2023- £25.0001 to the
Project for use in meeting core costs.
St Vincenvs Family Project 33

Notss to thefinancial statgmgnts 31 Mar¢h 2024
14 Related party tran8actlon8 {continL￿1)
Daughters of Charity of St Vlncent de Paul CIO
St Vincent Family Project is a subsidiary of the Daughters of Charity of St Vincent De Paul
Services, which prepares group accounts. inrluding Sl Vincent Family Project. The Daughters
of Charity of St Vincent De Paul Services will pay £2,500 of the audit fee for St Vincent Famity
Project12023'. £2,400). See note 3 for further detail. the Daughters of Charity of Sl Vincent de
Paul Services, a registered charity (Charity Registratlon Number 1149326) and a company
limited by guarantee {Comp8ny Registration Number 07638065 {England and Wales)) is
considered the ultimate controlling party of St Vincent Family Project, as il is its sole member
This Control is nomially exercised by th8 appointment of Trustees. Should the subsidiary drift
awayfrom [15 wre mission, Daughters of Charrty of St Vincent d8 Paul Services has the power
also to remove the Trustees of the subsidiary.
The registered Offi￿ address of the Daughters of Charity of St Vincent De Paul Services is St
Vir￿e￿I,S Centre, Carlisle Place, London. SW1 P 1 NL. The group accounts of the Daughters
of Chartty of Sl Vincent de Paul Services can be obtained from the registered office address.
The principal purposes and activities of the Daughters of Charty of Sl Vincent de Paul
Services are 10 5UPPOrt charities within the group, includlng St Vlncent Famlly Project. The
principal purposes and aclivllles of the Daughters of Charity of St Vincent de Paul SerV￿s
are lo safeguard and deepen the Vincentian Character of, arn1 provide support lo, the charities
wilhin the group, including Sl Vincent Family Project.
Sl W1n￿n1'S Family Project 34