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2024-12-31-accounts

Registered Charity No. 1186457 Company No. 12124874

ST AUGUSTINE’S COMMUNITY CARE TRUST

TRADING NAME HOMELINK

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31[st] DECEMBER 2024

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CHARITY INFORMATION

Ex Officio The Venerable Richard Frank Trustees/ Directors The Reverend Canon John Kafwanka Kaoma – Resigned on 30th July 2024 The Reverend Helen Calner – Appointed on 22nd July 2025

Trustees/Directors Dr Rita Harris – Chair since 18thJanuary 2024
Dr Lesley Seddon – Chair until 18thJanuary 2024
John Lord – Treasurer
Roubina de Winton
Lesley Low
Carolyn McCombe
Steve Monaghan
Michael Horsley – Resigned on 29thDecember 2024
Alnoor Samji – Resigned on 15thJanuary 2025
Mark Devereux – Appointed on 15thJanuary 2025
Victoria Martin – Appointed on 15thJanuary 2025
Resigned on 9thJune 2025
Matthew Jones – Appointed on 19thMarch 2025
Julie Baker – Appointed on 16thJuly 2025
Chief Executive Officer Jacqui Parris
Charity Number 1186457
Company Number 12124874
Registered Address
Homelink Day Respite Care Centre
Hospital Bridge Road
Twickenham
Middlesex
TW2 6DE
Independent Examiner Stephen B McAlpine
SBM Associates Limited, trading as SBM & Co
Freedman House
Christopher Wren Yard
117 High Street
Croydon
CR0 1QG

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Homelink Trustees’ Annual Report for the Year Ending 31[st] December 2024

Introductory Message from the Chair

This has been an extremely busy and exciting year for Homelink. The focus of 2024 was on embedding a solid governance structure and developing longer-term strategy. This has been achieved whilst not losing sight of delivering high quality services for our clients and their carers and further developing strong partnerships across local communities and Local Authorities. Homelink’s finances are now in a more secure position and can support the continued development of the organisation. I am looking forward to the forthcoming year as Homelink builds on these strong foundations.

Dr. Rita Harris, Chair of the Board of Trustees.

1. Mission and Activities

Based in Whitton, Twickenham, Homelink was started in 1997 in a church hall, by members of the congregation of St. Augustine’s of Canterbury Church, who identified a need for a day respite facility for older people, offering unpaid carers a vital break from their caring duties. Twenty-eight years later our service offer includes a modern purpose-built centre, and an integrated approach to supporting both the carer and the person that they care for.

Mission Statement: Homelink is a local charity dedicated to the wellbeing of older people and their unpaid carers. We believe that everyone should be able to live a meaningful life in which they feel engaged, purposeful, and connected within their community. To that end we provide both day care for those that need it and vital respite and social and emotional support for carers.

2. Achievements and Performance in 2024

Summary

2024 was a year of strategic focus, development, and consolidation for Homelink. We made significant progress in shaping our long-term direction, setting clear and ambitious goals to guide our work in the years ahead. We are proud to have supported 295 unique beneficiaries through our day service, direct support for carers, and clubs.

Homelink strengthened its role as a leading provider of older people’s services in Richmond, welcoming our first spot-commissioned clients and building a solid foundation for long-term financial sustainability. We implemented a new database, Charitylog, enhancing our ability to evaluate services, secure funding, and provide transparent, robust reporting to funders. We also launched an improved website, increasing our visibility and accessibility.

Our revised sub-committee structure is now firmly embedded, enabling trustees to apply their expertise to strengthen governance. This work included updating policies, introducing a quality standards framework, and revising our risk register.

The year’s highlights also included a well-attended summer open day, bringing together local residents, professionals, funders, and prospective clients. We continued to work in partnership with valued local organisations - including Otakar Kraus, Brighter Together, and Richmond Music Trust - further developing the strong relationships that underpin our work.

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Day Centre

Throughout the year, Homelink delivered a vibrant programme of day centre activities designed to support wellbeing, creativity, and connection. A total of 107 clients took part in seasonal celebrations, creative arts, interactive games, and cultural experiences during the year.

Highlights included themed events for Valentine’s Day, Easter, and Christmas, museum visits from Richmond and Eel Pie Island Museums, and live performances from musicians, actors, and local children. Creative sessions such as pastel drawing, pop art portraits, and seasonal crafts encouraged self-expression and engagement.

Our interactive table, group discussions, and intergenerational activities further enriched the experience, promoting social connection and enjoyment across all ages. The year ended with festive celebrations filled with music, dancing, and a strong sense of community.

Carer Support Service

Homelink supported 131 unique unpaid carers throughout the year, both via day respite and a direct carer support programme which delivered a variety of activities, advice, and wellbeing opportunities to 83 individual unpaid carers.

Our daily “Drop Off and Drop In” coffee mornings continued to offer informal peer support, connection, and 1:1 guidance, and we introduced monthly Q&A sessions with a Hounslow Senior Social Worker, offering valuable advice and case support.

New initiatives included yoga, music therapy, and social outings such as a boat trip on the Thames and the RFU Christmas Party. Saturday Coffee Mornings took place throughout the year, culminating in a festive Christmas pantomime for carers and their families.

We maintained Singing for the Brain sessions, attended by 51 people across the year, and ran the monthly Carers Supper Club, including a special Carers Week event, featuring live music and dancing. We supported 17 individuals as part of the Richmond Carer’s Hub, through the facilitation of 2 peer support groups per month, one group for carers of a partner and one for carers of a parent. Through targeted outreach and feedback, we aim to further develop support across Richmond and Hounslow.

Lunch Club

Our weekly lunch clubs warmly welcomed 38 people to Homelink, with great company and the joy of sharing a nutritious meal in a friendly setting.

Homelink at Home

Our home respite service, Homelink at Home, originally developed in response to the pandemic, was gradually wound down in 2024. By May, the service concluded after supporting its final remaining client.

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Community Engagement

In 2024, we continued to prioritise strong partnerships and active outreach across the local community. We attended several community health fairs and events throughout the boroughs of Richmond and Hounslow, raising awareness of our services and connecting with family carers, potential clients, referring professionals, and local charities.

We delivered a presentation to the Social Services Locality Managers in Hounslow and hosted visits to the centre from Dementia Advisors, strengthening our working relationships and contributing to a notable increase in referrals from this team. We also presented to a range of voluntary sector groups, including Multicultural Richmond, the Rotary Club (Twickenham), the Women’s Guild (Twickenham), and a churchrun over-50s group in Hounslow. These opportunities have helped us reach more diverse audiences and expand awareness of our work within the wider community.

3. Financial Review

Financial Statements

The financial statements, including the notes, have been prepared in compliance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” 2019 (FRS 102). The analysis of income and expenditure reflects the classification of activities, together with costs relating to administration.

Statement of Financial Activities

The Statement of Financial Activities is presented on page 12, with a detailed breakdown of income and expenditure provided in the accompanying notes to the financial statements.

Total income for the year was £615,031 (2023: £472,664), reflecting an increase in client fee income of £35,641. This increase was further supported by the receipt of £105,000 in legacies during the year. However, income from grants saw a slight decrease of £8,972.

Total expenditure for the year rose to £552,125 (2023: £501,295). This increase was primarily driven by a rise in staff costs to £355,011 (2023: £340,233), in line with ongoing inflationary pressures. Additional contributing factors included an increase in building remedial work costs of £10,520 and higher maintenance and repair expenses, which rose by £9,081.

Principal Funding Sources

Homelink’s principal sources of regular funding are client fees and grant income. Additionally, we receive income from donations and importantly in 2024 from legacies. A full breakdown of grants and donations received during the year is provided in notes 2 and 6 of the financial statements.

In 2024, Homelink recorded for the first time in many years a surplus. This was driven by a steady increase in income from client fees, further supported by the receipt of a significant legacy. These factors contributed to a net surplus of £64,101 for the year.

Balance Sheet

The above produced a combined fund balance of £1,226,635 (2023: £1,162,533) at year end. The analysis of the funds can be found in note 18, with the movements within each fund detailed in note 19.

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Finance Overview

2024 financial performance was a material improvement over 2023 as we moved from a loss of £29,734 to a profit of £64,101. Our cash/investments balance at the end of 2024 was very similar to the opening balance thus demonstrating that our cashflow in 2024 was neutral. The key to Homelink financial sustainability is client numbers. Before the Covid pandemic Homelink was operating at close to 100% capacity. Post pandemic in 2022 Homelink was operating at around 70% capacity, this increased to around 75% in 2023. At this lower level of capacity utilisation Homelink’s long term financial viability was in question. The losses from those two years totalled £88,006. 2024 saw a 6.3% increase in client numbers with 80% capacity now being achieved. This increase in client numbers along with the legacy we have received enabled Homelink to record a profit in 2024. So far in 2025 client numbers have continued to increase, and we are confident that Homelink finances are now in a secure position and are able to support the continued development of Homelink.

Our Income and Its Sources

In 2024, Homelink’s income increased by 30.1%, reaching £615,031 compared to £472,664, in 2023. The main source of income is client fees of £292,040 (47.5% of the total). This was a 13.9% increase over 2023 and consisted of a 6.3% increase in client numbers and a 7.6% increase in the client fees rate.

Grants income is the second most valuable income stream, and we are most grateful for the continued support we receive from grant givers. We could not continue without their support. The total received in 2024 was £152,038, being 24.7% of total income. Year on year grants fell by 5.6% or £8,972 from £161,010, though in a historical context compared with earlier years grants remain at a high level. Grants over £10,000 received during the year included the Hampton Fund (£35,875), Lottery Reaching Communities (£31,977), City Bridge Foundation (£25,518), Richmond Council (£19,011), Morris Beneficent Fund (£10,000) and Lottery Awards for All (£14,816).

Homelink receives strong support from its community. In 2024, total donations amounted to £37,642, up from £28,627 in 2023. This year Homelink also received legacies totalling £105,000 (2023: £0).

Homelink holds investments with M&G Investments, which yielded £2,875 in 2024. Additionally, bank interest amounted to £2,122, resulting in a total of £4,997 for the year (2023: £4,232).

Managed Cost

Expenditure at Homelink saw an increase of £50,830 (10.1%) in 2024. Total expenditure was £552,125 compared to £501,295 in 2023.

Homelink's biggest expenditure item is employment costs accounting for 64.3% of total costs. In 2024 employment costs were £355,011, a 4.3% increase over 2023. Staff pay rises averaged 10%, in line with inflation, and reflecting the increase in the London Living Wage. Savings were made through delayed hirings, office re-organisation and greater use of the external fundraiser. Operational costs increased by £19,912 (34.6%) to £77,487, which was mainly building remedial works due to recently discovered defects in the original construction of the building. These remedial works have almost been completed.

The cost of the External Fundraiser increased by £13,718 (82.4%) to £30,375. This increase is largely attributed to the significant increase in grant applications and impact reporting. Furthermore, the lack of an Administrator necessitated more fundraising administration being outsourced to the external fundraiser instead of being met in house. Direct delivery to beneficiaries was £36,091 in 2024, an increase over 2023 of £7,993 (28.4%). Some of this increase is due to the 6.3% increase in client numbers. Catering

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supply costs increased by 29.6% to £19,600, due to a high level of UK food inflation, increased client numbers and an improvement in the quality of food offered.

Investment Policy

The Trust Deed states, “Any part of the capital or income of the Trust Fund which may not for some time be immediately required for the purposes aforesaid, may until so required be invested by the Trustees in or upon any investments for the time being authorised by Law.” Homelink has a reserve of £47,032 (valued as at 31/12/2024) invested in M&G Charifund, a unit-based fund primarily investing in UK equities tailored for charities. These investments can be liquidated within less than 10 days if necessary. The M&G Charifund yields variable returns based on dividends from the equities held in the fund. The market value of these investments as of 31st December 2024 are reflected in the Statement of Financial Activities, capturing any gains or losses. All deposit monies (but not Charifund) are protected by the FSCS up to the current limit of £85,000 per deposit.

Reserves Policy

Our policy is to maintain unrestricted reserves of approximately 3 to 6 months of operating costs within the General Fund. This will allow Homelink to have the option of developing new services or expanding current ones in line with the changing needs of the community. It will also ensure that delays in receipt of expected income do not interrupt services or cause financial difficulty for Homelink. In addition, it enables Homelink to survive unexpected setbacks and problems arising from internal or external causes such as Covid. The total of £169,701 (2023 - £79,231) equated to approximately 3.7 months.

4. Risk Management Statement

Although Homelink is a small, incorporated charity and not legally required to include a risk management statement in the Trustees’ Annual Report, the Board consider this an important element of good governance and accountability.

The Trustees acknowledge their responsibility for identifying and managing the risks faced by the charity. A structured process is in place to identify, assess, and regularly review the major risks to which Homelink is exposed—both operational and strategic. This process is primarily carried out through the work of the Board’s sub-committees (detailed below), which provide focused oversight and report to the Board in relation to key areas of Homelink’s operations.

The Trustees have reviewed the principal risks and uncertainties facing the charity and are satisfied that appropriate steps have been taken to mitigate these risks. Where significant risks have been identified, controls and procedures have been established to manage them effectively. These include regular financial monitoring, staff and volunteer management protocols, safeguarding measures, and policies to ensure compliance with relevant legal and regulatory requirements.

The Trustees will continue to monitor and manage risks throughout the year as part of their ongoing governance responsibilities, with the sub-committees playing a central role in this process.

5. Governance

St. Augustine’s Community Care Trust (trading as Homelink) is a charitable company limited by guarantee. The organisation was incorporated and registered as a new charity on 25 July 2019 and remained dormant until 1 January 2020. Prior to incorporation, the charity operated as an unincorporated entity under registered charity number 1047856.

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Homelink is governed by a Memorandum and Articles of Association, which outline the charity’s objects and powers. In accordance with charity law, the directors of the charitable company also serve as its trustees.

The Board of Trustees comprises a minimum of three and a maximum of twelve members, structured as follows:

Vacancies are advertised locally, and candidates are interviewed by a panel of 1-2 trustees and the CEO. Trustees come from a range of backgrounds including health, finance, law and commerce, and many have lived experience as unpaid carers.

We are committed to involving current and potential beneficiaries in the design, delivery, and review of our services. Regular surveys are conducted, and feedback is gathered daily from clients and carers. Our person-centred activity programme is developed in line with the individual needs, preferences, and interests of those we support.

All trustees are required to attend training on the role of the trustee and have had regard to the Charity Commission’s guidance on public benefit. During the period, 2 trustees resigned, and no new trustees were appointed.

The Board of Trustees is required to meet a minimum of six times per year, with a quorum of six trustees required for each meeting.

To support effective governance and oversight, a Sub-Committee structure is in place, with delegated authority as follows:

The Quality and Compliance Sub-Committees meet bi-monthly, while the Finance Sub-Committee meets monthly. All Sub-Committees report significant risks and related mitigation measures to the full Board of Trustees.

6. Organisational Structure Overview

Homelink’s organisational structure is designed to ensure strong governance, clear leadership, and effective service delivery. The Board of Trustees holds overall responsibility for the organisation’s strategic direction and oversight.

The Chief Executive Officer is responsible for both day-to-day leadership and contributing to strategic planning and delivery. Reporting to the CEO is a skilled management team comprising:

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The External Grants Fundraiser also reports directly to the CEO and plays a key role in securing essential funding.

The wider staff team includes the Centre Coordinator , Carer Support Coordinator , Care & Support Workers, Cook , Passenger Assistant , Bank Staff, and an Administrator .

This structure ensures we are well-equipped to deliver quality services, maintain accountability, and stay responsive to the evolving needs of clients and carers.

7. Volunteers

In 2024, our dedicated team of volunteers continued to provide vital support to our centre. Their invaluable contributions enriched our day-to-day work, from engaging clients in conversation and group discussions to serving meals and refreshments, transporting clients safely, leading and helping with social activities, gardening, and supporting our carer support and fundraising events.

Together, our volunteer team contributed approximately 9,000 hours, which equates to £118,350 in financial benefit using the London Living Wage of £13.15 as a guide.

Our volunteer team bring diverse talents and backgrounds, from retirees and students to individuals with lived experience of dementia and unpaid carers. Their involvement not only supports the running of our service but also fosters inclusion and community spirit.

  1. Future Plans- Strate ic Goals for 2025- 2030 Followlng a recent strate8lc revlew, the Board has Identified key priorities to gulde Homelink's development over the next five years. These priorities are grouped under four strategic themes, each supported by clear goals to ensure long-term Impact, resilience, and relevance. l. Quallty Expand Homellnk's day care and support offerto reach a wider client 8roup. Develop and deliver Homelink services in new settings beyond our current location. Empower cllents and carers to navl8ate the care and support system wtth confidence.
  2. People Broaden the skills and capabilities of our workforce to meet evolvlng cllent needs and servlce ambitlons.
  3. Systems and Partnershlps Strengthen our ablllty to connect cllents wlth other relevant servlces across the communltv. Posltlon Homellnk as a key partner In dellverlng the Local Authorlty's vlsion and comrnlsslonlng prlorltles.
  4. Sustalnablllty Secure a stable and sustainable financlal base to support long-term servlce dellvery and organlsational growth. These strate8lc 8oals wlll shape our plannln8, resource allocatlon, and partner5hlp development as we work to deepen our impact and meet the changlng needs of our beneficiarles between now and 2030. The Trustee's report was approved by the Board of Trustees and s18ned by order of the board by: Dr. Rlta Harrls (Chalr) Joh reasurer)

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STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The directors (who are also the trustees under charity law) are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law, the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

•select suitable accounting policies and then apply them consistently,

•prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

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INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF ST AUGUSTINE’S COMMUNITY CARE TRUST

I report to the charity trustees on my examination of the accounts of the company for the year ended 31 December 2024, which are set out on pages 12 to 22.

Responsibilities and basis of report

As the charity’s trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner’s Report – matter of material significances identified

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen B McAlpine BA(Econ) FCA SBM Associates Limited, trading as SBM & Co Freedman House Cristopher Wren Yard Croydon CR0 1QN

28 August 2025

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2024

General Restricted Total this Prior year
including income year funds
Designated funds
funds
£ £ £ £
INCOME AND ENDOWMENT Notes
Donations and Legacies 2 128,642 14,000 142,642 28,627
Other trading activities 3 7,667 - 7,667 7,094
Investments 4 4,997 - 4,997 4,232
Charitable activities 5 307,687 - 307,687 271,701
Grants 6 - 152,038 152,038 161,010
___ ___ ___ ____
Total 448,993 166,038 615,031 472,664
____ ___ ___ ____
EXPENDITURE
Raising funds 7 31,214 31,214 17,460
Charitable activities 8 326,976 192,407 519,383 482,575
Governance Cost 9 1,528 - 1,528 1,260
____ ___ ___ ___
Total 359,718 192,407 552,125 501,295
____ ___ ___ ___
Net income /(expenditure) before
Gains/(losses) 89,275 (26,369) 62,906 (28,631)
Net Gain /(losses) on investments
1,195 - 1,195 (1,103)
___ ____ ___ ___
Net income /(expenditure)
90,470 (26,369) 64,101 (29,734)
Transfer between funds - - - -
Net Movement in Funds 90,470 (26,369) 64,101 (29,734)
___ ______ ___ ___
Reconciliation of funds
Total funds brought forward 79,231 1,083,302 1,162,533 1,192,267
___ ______ ___ ______
Total funds carried forward 169,701 1,056,934 1,226,635 1,162,533
======= ======== ======== ========

13 BALANCE SHEET AS AT 31 DECEMBER 2024 Notes Unrestricted funds Restricted Income funds Total thls Total last vear year FIXED ASSETS Tangible Investments 14 15 18.630 47,032 1,056,934 1,075,564 47,032 1,102.970 45,837 Total flxed assets 65,662 1,056,934 1,122,596 1,148,807 CURRENT ASSETS Debtors and prepayments Cash at bank and in hand 16 115,117 4, 187 115,117 52,192 10,399 54,142 48,005 Total current assets 119,304 48,005 167,309 64,541 UABILITIES Creditors amounts fallln8 due wlthln one year 17 (15,2651 {48,0051 163,2701 150,8151 NEf CURRENT ASSEfs/iLIABILITIES) 104,039 104,039 13,726 TOTAL ASSETS LESS CURRENT UABILITIES 169,701 1,056,934 1,226,635 1,162,533 Total net assets 169,701 1,056,934 1,226,635 1,162,533 FUNDS Unrestrlcted Including Oeslgnated Funds Restrlcted Funds 19 169,701 1,056,934 79,231 1,083,302 Total Funds 18 1,226,635 1,162,533 For the flnanclal year In question the company wa5 entitled to exemption under section 477 of the Companie5 Act 2006 relatlng to small companles. No members have required the company to obtaln an audit of its accounts for the year In questlon In accordance with section 476 of the Companles Act 2006. The dlrectors acknowledge their responsibility for complying wSth the requirements of the Act wlth respect to accounting records and for the preparatlon of accounts. These accounts have been prepared In accordance with the provisions applicable to companies subject to the small companles, regime. These accounts were approved by the Trustee5 on .2o.knnd are signed on their behalf by: Dr. Rita Harris (Chairl - Trustee John or su tee

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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024

1. ACCOUNTING POLICIES

The accounts are presented in sterling, which is the functional currency, rounded to the nearest whole pound.

1.2. Going concern

The trustees/directors have considered the resources available to the Trust to enable it to continue in operational existence for the foreseeable future. Consequently, the trustees/directors concluded that the Trust is a going concern, and the accounts are prepared on a going concern basis.

1.3. Income

Revenue grants are recognised on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.

Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.

1.4. Restricted Funds

Restricted funds are to be used for purposes specified by the donors. Expenditure, which meets these criteria, is applied to the fund, together with a fair allocation of management and support costs.

1.5. Unrestricted Funds

Unrestricted funds are donations and other incomes received or generated for the objects of the charity without further specified purpose and are available for general use.

1.6. Investment Income

Credit is taken for interest when the interest falls due for payment. Investment income generated in respect of restricted funds is allocated to the restricted fund.

1.7. Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

1.8. Tangible fixed assets

Assets for use by the charity are capitalised if costing more than £1000 otherwise cost of such assets is written off in the year acquisition.

Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at the rates calculated to write off the cost of valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold buildings – Over the life of the lease on a straight-line basis Leasehold improvements – Over 10 years on a straight-line basis Furniture, Fixtures & Fittings – Over 5 years on a straight-line basis Computer equipment – Over 3 years on a straight-line basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the net income/(expenditure) for the year.

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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

2024 2023
2 Income from donations and legacies
Legacy 105,000 -
Big Give 14,666 12,000
Gift Aid claimed 3,042 1,171
M&S PLC 905 377
Kew Fete Communion 750 1,500
St. Augustine’s of Canterbury Church - 250
Royal Jubilee Masonic Lodge - 500
Other Donations 18,279 12,829
____ ____
£142,642 £28,627
====== ======
3. Other Trading income
Other local fundraising Events 6,527 5,870
Christmas Draw 1,140 1,224
__ __
£7,667 £7,094
===== =====
4. Investment income £4,997 £4,232
===== =====
5. Income from Charitable activities
Carer support 9,838 9,444
Client fees 292,040 256,399
Transport fees 5,809 5,858
_____ _____
£307,687 £271,701
======= =======

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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

2024 2023
6. Grants
Hampton Fund 35,875 35,000
Lottery Reaching Communities 31,977 38,800
City Bridge Foundation 25,518 3,750
London Borough of Richmond Council 19,011 8,939
Lottery Awards for All 14,816 -
The Morris Beneficent Fund 10,000 6,000
Heathrow Community Fund 4,500 9,000
Screwfix Foundation 4,377 -
The Percy Bilton Charity 3,714 -
Other grants 1,750 -
The Field Family Trust 500 1,500
Openwork Foundation - 15,000
Garfield Weston - 15,000
Hounslow Council - 13,975
NHS Health Inequalities Fund - 9,162
National Lottery Community Fund - 4,884
_____ ___
£152,038 £161,010
======= ======
7. Raising funds
Donation fees and charges 90 108
Event costs 749 695
External fundraiser 30,375 16,657
_____ ___
£31,214 £17,460
====== ======
8. Charitable Activities
Direct delivery to beneficiaries 36,091 28,098
Staff employment costs 355,011 340,233
Staff and volunteer costs 3,453 4,795
Premises and operational cost 77,487 57,575
Depreciation of fixed assets 31,732 34,920
Administrative overheads 15,021 16,111
Accountancy and Payroll 588 552
Consultancy fees 291
_____ ___
519,383 482,575
====== ======
9. GOVERNANCE COSTS
Independent Examination £1,528 £1,260
===== =====

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NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

10 TRUSTEES’ REMUNERATION AND BENEFITS

There were no trustees’ remuneration or other benefits for the years ended 31 December 2024 Trustees are not remunerated for their time given to the Charity, which is on a voluntary basis. However, the Trustees have reclaimed for the reimbursement of certain expenditure incurred by them personally on behalf of the Charity.

Trustees’ expenses

During the year, Trustees can be reimbursed for various operating costs. In 2024 there was NIL expense - (2023 - NIL).

11. STAFF COSTS 2024 2023
Wages and Salaries 323,621 312,589
National Insurance Costs 21,931 18,807
Pension Costs 9,459 8,837
_____ _____
£355,011 £340,233
======= =======

The number of employees whose total employee benefits (excluding employer National Insurance) exceeded £60,000 was:

£60,001 – £70,000: 1

During 2024, the key management personnel of the charity comprised of the Board of Trustees, CEO, Administration Manager, Finance Manager, Care and Support Manager and Client Engagement & Volunteer Manager. The employee benefits of the key management personnel of the Charity were £169,567 (2023 - £152,509).

The average monthly number of employees during the year was as follows:

2024 2023
Direct charitable (3 f/t and 11 p/t staff) 14 17
=== ===

12. PENSION COSTS

The Charity has a defined contribution pension scheme, which all employees are entitled to join. In accordance with UK Government regulations, the company contributes 3% of salary and employees 5% of their salary.

During the year ended 31 December 2024 the Charity’s total contributions amounted to £9,459 (2023 - £8,837).

13. TRANSACTIONS AND RELATED PARTIES

There were no related party transactions during the year other than reimbursement of Trustees expensed.

19

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

14. TANGIBLE FIXED ASSETS

14. TANGIBLE FIXED ASSETS
Furniture Computer Leasehold Leasehold Total
Fixtures & Equipment Land and Improve
Fittings Buildings ments -
COST
At 1 January 2024 44,464 13,880 1,318,430 23,106 1,399,880
Additions 4,324 - - - 4,324
Disposals - - - - -
___ ___ ______ ___ ______
At 31 December 2024 48,788 13,880 1,318,430 23,106 1,404,204
___ ___ ______ ___ ______
DEPRECIATION
At 1 January 2024 35,782 13,114 235,127 12,886 296,909
Charge for year 2,668 384 26,369 2,310 31,731
Disposals - - - - -
___ ___ ___ ___ ____
38,450 13,498 261,496 15,196 328,640
____ ____ ____ ___ ____
NET BOOK VALUE
At 31 December 2023 £8,682 £766 £1,083,303 £10,220 £1,102,970
====== ===== ======== ====== ========
At 31 December 2024 £10,338 £382 £1,056,934 £7,910 £1,075,564
====== ===== ======== ====== ========
15. INVESTMENTS 2024 2023
Market Value
At 1 January 45,837 66,940
Additions - (20,000)
Net gain/(loss) on revaluation 1,195 (1,103)
___ ___
At 31 December £47,032 £45,837
====== ======

There were no investment assets outside the UK. The revaluation in the year for the unlisted investments is a result of an unrealised loss. The above investments are unlimited M & G Equities Investment Fund for charities Units (Charifund).

16. DEBTORS: amounts falling due within one year 2024 2023
Debtors and Prepayments £115,117 £10,399
======= ======
17. CREDITORS: amounts falling due within one year
Trade Creditors 3,960 2,145
Deferred Income 48,005 36,303
Other Creditors and Accrued Expenses 11,305 12,367
___ ___
£63,270 £50,815
====== ======

20

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrestricted Restricted Total Funds Total Funds
Funds Funds 2024 2023
Fixed Assets 18,630 1,056,934 1,075,564 1,102,970
Investments 47,032 - 47,032 45,837
Current Assets 119,304 48,005 167,309 64,541
Current Liabilities (15,265) (48,005) (63,270) (50,815)
____ ______ ______ ______
£169,701 £1,056,934 £1,226,635 £1,162,533
====== ======== ======== ========
At Net Transfers At 31/12/24
1/1/24 Movement between
in Funds Funds
19. MOVEMENT IN FUNDS
Unrestricted Funds
General Fund 79,231 (9,530) - 69,701
Designated Funds 100,000 - 100,000
___ ___ _ ____
79,231 90,470 - 169,701
Restricted Funds
Building 1,083,302 (26,369) - 1,056,93
______ ___ _ ______
1,083,302 (26,369) - 1,056,934
______ ___ _ ______
TOTAL FUNDS £1,162,533 64,101 - £1,226,635
======== ======= ===== ========

Net movement in funds, included in the above are as follows:

Income Expenses Net Gains/ Movement
Losses In Funds
Unrestricted Funds
General 348,993 (359,718) 1,195 90,470
Designated 100,000 - - -
___ ___ ___ ___
448,993 (359,718) 1,195 90,470
Restricted Funds
Operational 166,038 (166,038) - -
New Building Depreciation - (26,369) - (26,369)
Depreciation - - - -
___ ___ ___ ___
166,038 (192,407) - (26,369)
___ ___ ___ ___
TOTAL FUNDS £615,031 (£552,125) 1,195 64,101
======= ======= ====== ======

21

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024 (continued)

20. FUNDS DESCRIPTION Unrestricted Funds

General Fund

General Purpose Fund (unrestricted) £169,701 (2023: £79,231). This fund is held to meet the day-to-day activities of the Charity in line with the Charity’s objectives.

Designated Fund

Designated funds are unrestricted amounts set aside by the trustees for specific future purposes. They are not donor-restricted but are allocated internally and reviewed regularly. The trustees have allocated the designated fund as follows:

Service Development £20,000 IT Upgrade £33,000 Replacements £17,000 Repairs and Maintenance £30,000 ___ Total £100,000 =======

Restricted Funds

Operational

Operational Funds (restricted) representing grants given by donors for specific operational spend – e.g. staff salaries, disclosed as required by the conditions of various grants obtained.

22

STATEMENT OF FINANCIAL ACTIVITIES FOR THE PERIOD ENDED 31 DECEMBER 2023

Unrestricted Restricted Total funds Prior year
funds income funds
funds
£ £ £ £
INCOME AND ENDOWMENT Notes
FROM:
Donations and Legacies 2 28,627 - 28,627 29,033
Other trading activities 3 7,094 - 7,094 2,281
Investments 4 4,232 - 4,232 4,026
Charitable activities 5 271,701 271,701 255,616
Grants 34,000 127,010 161,010 94,264
___ ___ ___ ____
Total 345,654 127,010 472,664 385,220
____ ___ ___ ____
EXPENDITURE
Raising funds 6 17,460 - 17,460 12,321
Charitable activities 7 325,626 158,209 483,835 426,992
____ ___ ___ ___
Total 343,086 158,209 501,295 439,313
____ ___ ___ ___
Net income /(expenditure) before
Gains/(losses) 2,568 (31,199) (28,631) (54,093)
Net Gain /(losses) on
investments (1,103) - (1,103) (4,179)
___ ____ ___ ___
Net income /(expenditure)
1,465 (31,199) (29,734) (58,272)
Transfer between funds - - - -
Net Movement in Funds 1,465 (31,199) (29,734) (58,272)
___ ______ ___ ___
Reconciliation of funds
Total funds brought forward 77,766 1,114,501 1,192,267 1,250,539
___ ______ ___ ______
Total funds carried forward 79,231 1,083,302 1,162,533 1,192,267
======= ======== ======== ========