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2025-03-31-accounts

THE PROVIDENCE HOUSE TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

CHARITY COMMISSION NUMBER 1181473

JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM1 2SW

THE PROVIDENCE HOUSE TRUST

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Contents Page
Reference and Administrative Details 1
Trustees’ Annual Report 2-10
Independent Examiner’s Report 11
Statement of Financial Activities 12
Balance Sheet 13
Notes to the Financial Statements 14-21

THE PROVIDENCE HOUSE TRUST

REFERENCE AND ADMINISTRATIVE DETAILS

Trustees I Smith (Co-Chair) C Chiejine (Co-Chair) P Dorman B Drysdale (resigned 19 July 2025) D Eno (resigned 19 July 2025) I Kirby (appointed 25 September 2024) R Musgrave MBE S Musgrave Chief Executive Esther Clevely (resigned February 2025) Jerome Hughes (appointed 19 May 2025) Principal Address 138 Falcon Road London SW11 2LW Bankers CAF Bank Ltd Independent Examiners JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM1 2SW Legal Status The charity is a Charitable Incorporated Organisation, number 1181473, governed by a constitution.

Page 1

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT

The trustees have pleasure in submitting their annual report for the year ended 31 March 2025 and confirm that the financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities’ Statement of Recommended Practice (Charities SORP (FRS 102)) and Financial Reporting Standard 102 (FRS 102).

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Providence House Trust is a Charitable Incorporated Organisation, number 1181473, governed by a constitution.

The trustees who served during the year and up to the date of signatures of the financial statements are set out on page 1. Two of the trustees resigned in the last 12 months, and Providence House continues to recruit trustees who strengthen the board, which currently combines both technical and community experience in its membership.

New trustees are sponsored by the existing members to ensure a range of skills is represented across the board. Prospective trustees are invited to join a trustee meeting and review some introductory material. Once appointed, they are given appropriate induction and training as needed.

The trustees delegate the day-to-day work and operations of Providence House to a small core team of dedicated and hardworking staff and volunteers, who operate within defined terms of reference and authority. The Senior Leadership team includes Esther Clevely, Chief Executive and Tracy Lenga, (Senior Youth Worker). We have a small team of 7 youth and support workers and 8 volunteers. Their dedication enables Providence House to serve young people and the local community with respect, care and compassion. The trustees would like to extend their heartfelt thanks for the deep contribution they make.

OBJECTIVES AND ACTIVITIES

The Providence House Trust (usually known as Providence House) was established in 1963 to advance the Christian faith, and to act in particular for children and young people, by providing advice and assistance and organising programmes of physical, educational, spiritual and other activities as a means of advancing in life and helping young people by developing their skills, capacities and capabilities.

We are led by our values of

We run a Youth Club which is situated in Falcon Road behind Clapham Junction Station. We aim to provide social, sporting, creative and educational activities in a weekly programme and during summer holidays for young people aged 6-25 years.

Page 2

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

Public benefit

When planning the charity’s activities, the trustees have considered the Charity Commission’s guidance on public benefit and complied with their duries of the Charities Act 2011. Providence House exists solely and exclusively for the public benefit of those age appropriate members of the local community, in Battersea and Wandsworth borough (in practice but not exclusively, London SW11), that wish so to avail themselves of the recreational, educational and social assembly provisions that are made available at or through Providence House.

The published constitution of the charity sets out the purposes, aims and objectives of the organisation and the annual trustees’ report is issued herewith in demonstration that these purposes are being met in the on-going activities of the charity.

Risk Management

The trustees conduct quarterly reviews of the major risks to which the charity is exposed covering strategic, operational, financial, governance, compliance and external risks. The review identifies potentially significant risks and their likelihood and possible impact in each of these areas, together with existing control measures. Also, any additional actions and policies required to mitigate retained risks and the people responsible for ensuring they are monitored and addressed.

The Trustees have given consideration to the major risks to which the charity is exposed - which focus in particular on people and funding - and have satisfied themselves that systems and procedures are in place to mitigate these and other risks.

Achievements and Performance

The past year has been the continuation of a major transition as the Chief Executive was unwell for a significant portion of the year and resigned in October 2024. The trustees, went through the Safer Recruitment process, which led to the appointment of a new CEO (Jerome Hughes) who starts in May 2025.

We have sustained the majority of our community programmes and supported over 150 young people and their families this year. We have reached the end of our second year of National Lottery Reaching Communities funding. Delivery has included a mixture of ongoing engagement and multi activities sessions with children and young people, with specific creative projects and opportunities to develop skills and talents and showcase achievement within the community.

Two case studies illustrating this follow:

Case Study 1: Young person A – their Journey – Age 8

J is a bright, creative, and imaginative young person who has been attending Providence House youth club regularly throughout Year 2 of our National Lottery Reaching Communities-funded programme. He lives with additional needs, including Autism Spectrum Disorder (ASD), ADHD, and social communication difficulties. These often affect his ability to engage with others and regulate his emotions in busy or stimulating environments.

Page 3

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

Key Challenges Identified:

J’s main triggers include:

He often expressed his discomfort through vocal stimming—shouting or making sudden noises— which could escalate if not managed with care.

Targeted Strategies & Positive Outcomes:

Thanks to the consistency of our staff team and the inclusive, person-centred environment at Providence House, J has made tremendous progress. We created a support plan in collaboration with his family, using the following strategies:

Over the course of the year, J has shown a significant reduction in distress behaviours and has become more confident in group settings. He is now regularly participating in structured activities and exploring new interests.

A Transformational Moment: Shallowford Farm Residential

One of J’s most memorable breakthroughs was on our 4-day residential to East Shallowford Farm. Despite the change of environment and routine, he engaged confidently in animal care, outdoor activities, and group mealtimes. With support tools in place and consistent staff guidance, he adapted remarkably and demonstrated independence and emotional resilience. J’s story exemplifies the impact of inclusive practice and sustained support. With continued encouragement and the right tools, young people like J are able to thrive, grow in confidence, and take meaningful steps towards personal independence.

Case Study 2: Young Person B - Age 16

One of our most dedicated young people is a teenage girl who joined Providence House with multiple additional needs, including ADHD, Autism, Anxiety, and an Eating Disorder. When she first started attending, she was shy and hesitant to engage. Over the past year, through the welcoming environment and structured creative programming offered through our National Lottery funding, she has blossomed into one of our most regular, involved participants.

Pathway to Confidence:

She began finding her voice by helping in the kitchen, where her interest in cooking gave her a sense of purpose and calm. With gentle encouragement, she became more socially active, engaging with peers and participating in creative sessions. To support her growth further, we introduced focused performance anxiety sessions, designed to build confidence and reduce fear of public presentation. These sessions had an immediate impact:

Page 4

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

New Horizons: Youth Voice & Creative Development

Most recently, she joined the Wandsworth Young Reviewers programme, where she attends theatre and cinema events and writes reviews. This opportunity is enhancing her literacy, confidence, and connection to local culture, while giving her a platform to share her unique perspective.

Her journey is a powerful example of how consistent relational support, accessible opportunities, and trust can unlock confidence in young people with complex needs. She has moved from isolation to expression and now stands as a young leader among her peers.

We have taken time to review our vision and governance processes in line with a smaller operation and team, so that we can best support children and young people. This has highlighted the additional and complex needs of some children and young people, which has led us to review our membership and delivery plans to ensure we have the right safeguarding and best practice in place. We follow the requirements of UK legislation in relation to safeguarding children and vulnerable adults and current best practice recommendations based on advice from Wandsworth Council and NSPCC.

Funding has been slow as we have made the conscious decision to develop our strategy and plans before applying for further long term funding. This has led to a focus on applications to funds for core costs to cover shortfall rather than increase and expand our work.

We continue to work in partnership with other local organisations specifically developing joint strategies, which enables us to increase our impact and reach within the community. Over the past year we have remained committed to our partnership with the Battersea Alliance and Youth Battersea taking part in plans for this year’s community festival and conversations relating to the growth of Youth Battersea with Apple, Battersea Power Station with support from funding from NHS England, particularly focusing on the health and wellbeing of children and young people.

Partners

This year our key partners have been:

Providence House continues to work alongside other local youth organisations and is increasing its links with the immediate local churches to advance community work in the area.

Page 5

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

Safeguarding and Development

Providence House recognises the importance of safeguarding in its work with children, young people and vulnerable adults. We have a responsibility to protect everyone entrusted to our care and we are committed to the safeguarding of children and vulnerable adults to ensure their well-being. We follow the requirements of UK legislation in relation to safeguarding children and vulnerable adults and current best practice recommendations based on the Online Safeguarding Manual created by thirtyone:eight - https://thirtyoneeight.org/).

Our appointed Designated Safeguarding Leads (DSL) are: Ian Smith (Trustee) Esther Clevely (Chief Executive)

FINANCIAL REVIEW

Total income for 2024-25 was £197,017 which was a decrease of £34,893 compared with the income of 2023-24. Restricted income accounted for about 42% of the total income for the charity, and these grants continue to allow us to provide new opportunities to young people in the community.

Reserves policy

Trustee policy is that sufficient reserves are held to cover one month’s spending, however this is being reviewed and move to three months is being actively pursued to ensure the charity:

The reserves are made up of unrestricted cash, and the amount of the reserves is set against the budget for the relevant period

At the year end, the charity held total funds of £72,347, of which £29,526 are restricted and £42,821 are unrestricted.

Fundraising

Providence House Chief Executive works with a volunteer fundraising team, seeking financial support through charitable funding bodies and grant making institutions. Providence House does not make appeals for funds beyond its members; it has therefore not subscribed to any fundraising regulator.

Fund held by other organisations

Big Local SW11 is a resident-led community organisation funded by the Lottery. BLSW11 committee disperses its funds for the benefit of the local community. Providence House acts as a Locally Trusted Organisation and makes payments at the committee’s instruction. Their funds are held in a separate bank account. This arrangement will end during the financial year 2025/2026.

Page 6

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

During the year the following funds were managed:

Funds brought forward
Funds received
Grants made (i)

Grant Co-ordinator and other costs

Management fee paid to Providence House

Administration Costs

Funds carried forward
Funds already awarded from carried forward funds		 2025
2024
£
£
68,198
102,818
251,024
228,582
(94,454)
(141,440)
(94,259)
( 98,757)
(28,771)
( 21,336)
( 457)
( 1,669)
101,281
68,198
91,415
-		 2025
2024
£
£
68,198
102,818
251,024
228,582
(94,454)
(141,440)
(94,259)
( 98,757)
(28,771)
( 21,336)
( 457)
( 1,669)
101,281
68,198
91,415
-		 2025
2024
£
£
68,198
102,818
251,024
228,582
(94,454)
(141,440)
(94,259)
( 98,757)
(28,771)
( 21,336)
( 457)
( 1,669)
101,281
68,198
91,415
-
-

Page 7

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

Funds held for other organisations (continued)

During the year grants were made to the following institutions in accord with Big Local core principles:

(i) Grants made
AGOE
Alliance for Sustainable Households
Akua Deaba
Battersea Community Festival
Battersea Jubilee
Battersea Together & Legacy Projects
Begin2Sports
Caius House
Caius House to support Youth Voice post
Carneys
Community Mobile Spa
E33 Dance Company
Fitwell (ICEC)
Guy’s room
Katherine Low Settlement
Katherine Low Settlement to support Volunteer
Coordinator post
Maysoule Road Community Group
Moses Project
Pan African Book Foundation
Providence House
Rotary Club of Battersea
Rooted Community Assets
St Peter's Battersea
Sensory Group
Shallowford Trust (Farm2City)
Support4Support
Other small grants

Total grant expenditure		 2025
£
3,000
3,000
1,000
32,900
-
22,474
2,000
4,500
-
4,500
2,000
-
-
-
4,500
-
-
-
2,000
4,500
-
1,185
4,500
-
-
-
2,395
94,454		 2024
£
8,000
7,000
500
-
15,000
-
-
20,000
15,268
5,000
-
2,000
1,820
1,398
5,000
15,394
2,000
4,000
5,000
5,000
5,000
12,410
5,000
1,000
3,000
2,500
150
141,440

Page 8

THE PROVIDENCE HOUSE TRUST

TRUSTEES’ ANNUAL REPORT (continued)

Going Concern

The Trustees have reviewed the financial position of the charity as of 31st March 2025 together with the budget, income and expenditure, cash flow and investments, for the period April 2025 to March 2026 inclusively. The Trustees consider that the budgets are reasonable, and that the charity has sufficient reserves and cash resources in order to continue as a going concern.

FUTURE PLANS AND DEVELOPMENTS 2025/26

We are making plans within the Trustee Board to support the growth of the charity through actively recruiting new Trustees with specific skills and through Chike Chiejine becoming Co-Chair for 2025/26, with the longer-term aim of his becoming Chair in 2026/27.

We continue to evolve and adapt community programmes to meet local needs of children and young people, while ensure we have the operations and funding underpinning our youth and community work.

Overarching this we can continue to deliver our mission of advancing the Christian faith and supporting young people

Page 9

THE PROVIDENCE HOUSE TRUST TRUSTEES. ANNUAL REPORT {¢ontinued) STATEMENT OF TRUSTEES, RESPONSIBILITIES The trustees a￿ responsible for preparing the Trustees, Annual Report and the financial slatements in accordance with applicable law and United lQ'ngdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charÉties in England and Wales requires the trustees to Prepa￿ financial statements for each financial year which gNe a true and fair view of the state of affairs of the charity arKI of the incomirvJ resources and application of resouros of the charity during that period. In preparing these financial statements, the trustees are required to: select suitable accounting poli￿S a￿1 then apply them consislenty. observe the methods and principles in the Charities SORP; make judgments and esb'mate8 that are reasonable aThl pnKlent; State whether applicable accountiNJ standards have been followed, Subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concem basis unless it is inappropriate to presume that the chanty will continue in business. The trustees are responsible for keeping proper accounttng records that disclose with reasonable accuracy at any time the financial posrtion of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Chaiity (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are a180 responsible for safeguarding the assets of the charity and hence for tsking reasonable steps to prevent and detect fraud and other irregularities. The trustees are responsible forthe maintenance and integrity of the charity and financial infomation including the charity's website. Legislation in United Kingdom goveming the preparation and dissemination of financial statements may drffer from legi8lats.on in other jurisdiction8. Approv by trustees on 1 September 2025 and signed on their behaff by: I Smith Chalr of Tru8tW8 Page 10

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PROVIDENCE HOUSE TRUST I report to the charty trustees on my examination of the accounts of The Providen￿ House Trust (the charity) for the year ended 31 March 2025 set out on pages 12 to 21. Re8pon3ibiliti88 and ba818 of report As the charity's trustees you a￿ responsible for the p￿parats.0n of the accounts in accordance with the requirements of the Charities Act 2011 (Ihe Act.). I report in respect of my examination of the Tnjst's accounts as carried out under section 145 of the Act and in c8rrying out my examination I have followed all the applicab￿ D1￿CtionS given by the Charity Commission under section 145{5)(b) of the Act. Ind•pond•nt •xamln•r'8 8tat•m•nt I have completed my examination. I confimi that no matters have come to my attention in connection with the exarnination giving me cause to believe that in any material respect: accounting records ￿re not kept in respect of the Trust as required by section 130 of the Act; or the accounts do nol accord with those records; or the accounts do not compty with the applicable requirements conceming the forni and content of accounts Sel out in the Charities (Accounts arKI Report) Regulations 2008 other than any requirement Ihat the accounts give a 'true arKI fair view, which is nol a matter considered as part of an independent examination: or the accounts have nol been prepared in accordance with the methods and principles of Accounting and Reporting by Charrtie8: Ststement of Recornmended Practice applicable to charities preparing their accounts in accordance wrth the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102). I have no concems and have come across no other matters in Connection with the examination to which attention should be drawn in this report in order lo enable a proper understsnding of the accounts to be ￿aChed. Miriam Hickson CTA FCA JCS Accountants Ltd 5 Robin Hood Lane Sutton Surrey SM12SW Date: IS S¢pluthLJ Z<> Page11

THE PROVIDENCE HOUSE TRUST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025

2025 2024
Notes Unrestricted Restricted Total Unrestricted Restricted Total
£ £ £ £ £ £
Income from
Donations and legacies 2 64,032 83,549 147,581 43,214 111,928 155,142
Charitable activities 3 48,901 - 48,901 71,546 4,693 76,239
Bank interest 535 - 535 529 - 529
────── ────── ────── ────── ────── ──────
Total income 113,468 83,549 197,017 115,289 116,621 231,910
────── ────── ────── ────── ────── ──────
Expenditure on
Charitable activities 4 125,311 78,884 204,195 93,084 117,414 210,498
────── ────── ────── ────── ────── ──────
Total expenditure 125,311 78,884 204,195 93,084 117,414 210,498
────── ────── ────── ────── ────── ──────
Net income/(expenditure) (11,843) 4,665 (7,178) 22,205 (793) 21,412
Transfers between funds 10 (3,304) 3,304 - 2,953 (2,953) -
────── ────── ────── ────── ────── ──────
Net movement in funds (15,147) 7,969 (7,178) 25,158 (3,746) 21,412
Reconciliation of funds
Total funds brought forward 57,968 21,557 79,525 32,810 25,303 58,113
────── ────── ────── ────── ────── ──────
Total funds carried forward 42,821 29,526 72,347 57,968 21,557 79,525
══════ ══════ ══════ ══════ ══════ ══════

Page 12

THE PROVIDENCE HOUSE TRUST &4L4NCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes F5xed a88ets Tangible assets Current a88ots Debtors Cash at bank and in hand 12,270 69,766 8,823 81.233 82.036 90,056 Cr•dltor•'. Amounts falling due within one year {9.689) {10,531) Not currnnt a88•ts 72,347 79,525 N•t as8•ts 72,347 79,525 Fund8 Restricted Funds Unrestricted Funds 10 10 29,526 42,821 21,557 57,968 Totsl funds 72,347 79,525 Approved by the trustees on 1 September 2025 and signed on thelr behalf by: I Smith Chair of Trustges Page 13

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 ACCOUNTING POLICIES

The principal accounting policies adopted, judgements, and key sources of estimation uncertainty in the preparation of the financial statements are as follows:

Charity information

The Providence House Trust is a Charitable Incorporated Organisation. The registered office is 138 Falcon Rd, London SW11 2LW.

Accounting convention

The financial statements have been prepared under the Charities Act 2011 and in accordance with the Charities’ Statement of Recommended Practice (Charities SORP (FRS 102) and Financial Reporting Standard 102 (FRS 102). The financial statements are drawn up on the historical cost basis of accounting. The Providence House Trust meets the definition of a public benefit entity under FRS 102.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The trustees therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

Tangible fixed assets

The charity has a leasehold property: 138 Falcon Rd, Battersea. The building is held on a 150 year lease of which 98 years remain. The local council owns the land on which this is built. This property is not valued in the accounts as no cost records are available. Any original costs would already have been substantially depreciated and carrying amounts are therefore unlikely to be material.

Unrestricted funds

These are funds which can be used in accordance with the charitable objects at the discretion of the Trustees.

Restricted funds

These are funds that can only be used for the particular restricted purpose within the object of the charity. Restrictions arise when specified by the donor or when the funds are raised for particular restricted purpose.

Income

Voluntary income and donations – including legacies and grants – are accounted for once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be reliably determined.

Lettings income is recognised when the charity is entitled to the income.

Page 14

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

1 ACCOUNTING POLICIES (continued)

Expenditure

Expenditure is accrued as soon as a liability is considered probable. Charitable activities include all support and governance costs.

Grants are included when the payment has been agreed by the trustees or when awarded if that creates a binding obligation on the trustees.

Debtors

Tax recoverable and other debtors are included at the settlement amount due. Prepayments are valued at the amount prepaid.

Cash at bank

Cash at bank includes cash and short term highly liquid investments with a maturity of one year or less from the date of opening of the deposit.

Creditors and provisions

Creditors and provisions are recognised when the charity has a present obligation arising from a past event which will probably result in the transfer of funds to another party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are recognised at their settlement amount.

Financial instruments

The charity has financial assets and liabilities only of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Pensions

Contributions charged to the SOFA represent the amount of contributions payable to the scheme in the accounting period.

2 DONATIONS AND GRANTS

ONATIONS AND GRANTS
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Donations 15,805 - 15,805 16,141
Other grants 45,847 83,549 129,396 137,196
Tax recoverable (Gift Aid) 2,380 - 2,380 1,805
────── ────── ────── ──────
64,032 83,549 147,581 155,142
══════ ══════ ══════ ══════

Page 15

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

3 CHARITABLE INCOME

CHARITABLE INCOME
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Management fee receivable re
Big Local 28,771 - 28,771 28,374
Flat donations 6,450 - 6,450 5,500
Other rental income 9,600 - 9,600 18,458
Other income 4,080 - 4,080 23,907
────── ────── ────── ──────
48,901 - 48,901 76,239
══════ ══════ ══════ ══════
CHARITABLE EXPENDITURE
2025 2024
Unrestricted Restricted Total Total
£ £ £ £
Accountancy 1,478 - 1,478 2,808
Independent Examination 1,956 - 1,956 1,920
Bookkeeping 6,485 - 6,485 5,413
Bank charges 58
-		 58 -
Cleaning 6,758 - 6,758 8,974
Consultancy 17,566 - 17,566 3,933
Insurance 5,490 - 5,490 5,392
Maintenance 5,097 - 5,097 6,125
Miscellaneous - - - 125
Marketing & publicity 502 502 -
Salaries (note 5) 24,999 57,143 82,142 80,738
Subscriptions 1,404 - 1,404 1,150
Telecoms 2,260 - 2,260 3,091
Utilities 10,916 - 10,916 12,188
Website 2,088 - 2,088 2,287
Youth activities 38,254 21,741 59,995 76,354
────── ────── ────── ──────
125,311 78,884 204,195 210,498
══════ ══════ ══════ ══════

4 CHARITABLE EXPENDITURE

Page 16

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

5 STAFF COSTS

2025 2024
£ £
Wages and salaries 77,942 76,940
Social security costs 2,149 2,086
Pension costs 2,051 1,712
────── ──────
82,142 80,738
══════ ══════

The number of full-time equivalent employees during the year was three (2024: three). There were no employees whose annual remuneration was £60,000 or more. None of the trustees received any remuneration or reimbursed expenses, except as disclosed in Note 11.

6 FIXED ASSETS

The charity has a leasehold property: 138 Falcon Rd, Battersea. The building is held on a 150 year lease of which 97 years remain. The local council owns the land on which this is built. This property is not valued in the accounts as no cost records are available. Any original costs would already have been substantially depreciated and carrying amounts are therefore unlikely to be material.

7 DEBTORS

2025 2024
£ £
Tax recoverable (Gift Aid) 2,380 1,785
Accrued income 9,890 7,038
────── ──────
12,270 8,823
══════ ══════

8 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025 2024
£ £
Other creditors and accruals 9,689 10,531
────── ──────
9,689 10,531
══════ ══════

Page 17

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

9 ANALYSIS OF NET ASSETS BETWEEN FUNDS

Unrestricted Restricted Total
£ £ £
Fund balances at 31 March 2025 are
represented by:
Current assets 52,510 29,526 82,036
Creditors due within one year (9,689) - (9,689)
────── ────── ──────
Total net assets at 31 March 2025 42,821 29,526 72,347
══════ ══════ ══════
Unrestricted Restricted Total
£ £ £
Fund balances at 31 March 2024 are
represented by:
Current assets 68,499 21,557 90,056
Creditors due within one year (10,531) - (10,531)
────── ────── ──────
Total net assets at 31 March 2024 57,968 21,557 79,525
══════ ══════ ══════

Page 18

THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

10 FUNDS

Balance at Transfers Balance at
1 April Income Expenditure between 31 March
2024 funds 2025
£ £ £ £ £
Restricted Funds
Director Development 2,360 - (2,215) - 145
National Lottery 10,523 71,949 (66,445) - 16,027
NHS Wellbeing grant 6,083 8,000 (2,079) - 12,004
Thomas’ Foundation - 3,600 (2,250) - 1,350
Untold Stories 2,591 - (5,895) 3,304 -
────── ────── ────── ────── ──────
21,557 83,549 (78,884) 3,304 29,526
══════ ══════ ══════ ══════ ══════
Unrestricted Funds
General Funds 46,961 113,468 (123,431) (3,304) 33,694
Creative Arts 11,007 - (1,880) - 9,127
────── ────── ────── ────── ──────
57,968 113,468 (125,311) (3,304) 42,821
══════ ══════ ══════ ══════ ══════

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THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

10 FUNDS (continued)

Balance at Transfers Balance at
1 April Income Expenditure between 31 March
2023 funds 2024
£ £ £ £ £
Restricted Funds
Battersea Festival - 2,040 (2,040) - -
Corporation Sound - 700 (700) - -
Festival
Bermuda Fund 3,000 - (3,000) - -
Director Development 3,245 - (885) - 2,360
Holiday and Food 206 4,158 (4,364) - -
London Community - 10,000 (10,000) - -
Mayor’s Fund - 1,500 (1,500) - -
National Lottery - 70,290 (59,767) - 10,523
NHS Wellbeing grant (2,555) 17,940 (9,302) - 6,083
St Thomas Church 2,953 - - (2,953) -
Thomas’ Foundation - 3,000 (3,000) - -
Untold Stories 15,000 - (12,409) - 2,591
WGF PH Media 2,026 - (2,026) - -
Youth Music 28 3,000 (3,028) - -
Foundation
60th anniversary 1,400 3,993 (5,393) - -
────── ────── ────── ────── ──────
25,303 116,621 (117,414) (2,953) 21,557
══════ ══════ ══════ ══════ ══════
Unrestricted Funds
General Funds 20,945 114,989 (91,926) 2,953 46,961
Creative Arts 11,865 300 (1,158) - 11,007
────── ────── ────── ────── ──────
32,810 115,289 (93,084) 2,953 57,968
══════ ══════ ══════ ══════ ══════

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THE PROVIDENCE HOUSE TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 (continued)

10 FUNDS (continued)

Battersea Festival: This was a grant given to enable performers to take part in the Battersea Festival in September 2024.

Corporation Sound Festival: Grant from Drummies Family to hold a local community festival of sound.

Bermuda Fund: Donation from David Snook towards the project to take the creative arts dance group to Bermuda but this was cancelled due covid, it was agreed that funds would be used to support young performers.

Director Development Fund: Donation from ERJD Ltd to support the wellbeing, support and development of the Director.

Holiday And Food : Supporting Children and Youth Holiday programmes and activities.

London Community: This sum was given to Providence House to defray the costs of employing the Director during the year to March 2025.

Mayor’s Fund: This was a small grant given to support youth development at Providence House. National Lottery : Second year of a Grant from National Lottery to continue part of a creative arts programme as per the original funding criteria.

NHS Wellbeing Grant: A fund received through Caius House to deliver support and programme for

the wellbeing of families and young people.

St Thomas Church: Donations received from a church to help support the Children and Families trips to East Shallowford Farm.

Thomas’ Foundation: Donations received to support the Children and Families trips to East Shallowford Farm as well as half term trips.

Untold Stories: A grant received from London City Hall to support and deliver projects and stories celebrating 60 Years of Cultural diversity on the Winstanley and York Road estate.

WGF PH Media: Grant received from Wandsworth Borough Council to support the delivery of media training as well as producing high quality podcasts, performances, videography and photos for young people aged 11-18.

Youth Music Foundation : Funding for a studio manager for one year and delivery of Artist development programme.

60[th] Anniversary: This fund records money raised money through the 60[th] events such as book sales etc. We wanted to be able to track what we raised as part of the 60th.

Transfers into restricted funds are where expenditure exceeds income. Transfers out of restricted funds are to correct for expenditure not correctly allocated in previous years.

Creative Arts : This is an internally designated fund to finance the Creative Arts Projects in Providence House.

11 RELATED PARTY TRANSACTIONS

During the year there were £nil trustees who were paid for reimbursed expenses (2024: £2,190).

There were no other disclosable related party transactions (2024: £nil).

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