WESTMINSTER HOUSE YOUTH CLUB
la company limited by guarantee)
REPORT OF THE TRUSTEE BOARD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Registered Number 13083464
Charity Registration Number 11944 11

WESTMINSTER HOUSE YOUTH CLUB
CONTENTS
FOR THE YEIiR ENDED 31ST MARCH 2024
Report of the Trustee Board
Report of the Independent Examiner
Accounts comprising..
Statement of Financial Activities
9-10
Balance Sheet
11-20
Notes to the Accounts

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
The Trustee Board present their statutory report together ￿th the accounts of the Westminster House
Youth Club for the year ended 31 st March 2024
LEGAL AND ADMINISTRATIVE INFORMATION
NAME OF THE CHARITY
Westrninster House Youth Club
PRINCIPAL ADDRESS
29 Nunhead Grove,
London, SE15 3LZ
COMPANY REGISTPATJON NUMBER
13083464 IEngland and Walesl
CHARITY REGISTRATION NUMBER
1194411
MANAGEMENT COMMITTEE
V. Peel
R. Parker
R. Lomax
C. Hill
YDOW
D Haynes
Z Mclntosh
CHAIR
V. Peel
TREASURER
R. Lomax
SECRETARY
R. Parker
CUSTODIAN TRUSTEE
Federation of London Youth Clubs
INDEPENDENT EXAMINER
Alex Koupland,
Calder & Co.,
30 Orange Street
London
WC2H 7HF
SOLICITORS
Sebastians,
St. Bartholomew House,
92 Fleet Street,
tx>ndon, EC4Y IPB
BANKERS
Barclays Bank Plc.,
Dulwieh Group,
P.0. Box 270,
IA)ndon, SE15 4RD
INVESTMENT MANAGERS
Black Rock Investn]ent Management IUKI Ltd.,
12 Throgmorton Avenue
tK)ndon EC2N 2DL

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Westminster House Youth Club is a company limited by guarantee incorporated in England and Wales
and is a registered charity.
The governing document is the company's articles of association. The Trustees, who can number up to
sixteen, are elected to the Trustee Board every year by the rnen]bers at the Annual General Meeting.
The Club employs a Direetor, Katie Worthington, on whom the management of all staff and projeets is
devolved and who is also re8POn8ible for all fundraising in consultation with the Treasurer. She organises all the
Club's activities and is responsible for recruiting the staff who run and assist in running the various Club
Projects.
The Trustees have exercised their power to co-opt the Director and the staff members in charge of the
projects to attend meetings of the Board, but in accordance with the Articles only Trustees who have been
elected by the members may vote on any resolution of the Board.
The Chair, Secretary and Treasurer of the Club are also elected each year by the members at the Annual
General Meeting. Elected Committee Members are known as -voting Members. of the Trustee Board. The views
of young rnernbers of the Club are taken into consideration and they are welcome to attend Board n]eetings or
have their vieThs represented by a Worker.
All the Trustee8 held office for the whole year
TRUSTEE INDUCTION AND TRAINING
New Trustees are fully brieled on the provisions of the Constitution, their legal obligations under
Cornpany and Charity law, the decision-making processes, and the financial circurnstances of the Club, and are
introduced to key employees and other Trustees.
OWEcfivES AND AcrivtTIES
The objects of the Westminster House Youth Club, as stated in its Articles, are °to give young people
between the ages of 7 and 20 years in Nunhead and Peckharn and the su￿ound1ng area in tK>ndon acces8 to a
range of learning opportunities and challenging experiences which promote their personal and social and civic
development.. These objects are currently being achieved in the following main areas'.-
Providing a safe, educational, building-based project for the young people of Nunhead and the surrounding
areas,.
providing an in-house programme of activities designed to empower young people, enable them to make
informed decisions and to meet their individual and group needs by regularly involving them in the
consultation process,.
offering young people opportunities to engage in aCtI￿tieS which are outside the realms of their usual inner-
city experience,.
ensuring that all our activities actively promote equality of opportunity for all our young people-
actively seeking partnership with other agencies to ensure a high quality of provision for our young people.

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
REVIEW OF THE CLUB'S ACTIVITIES
In 2023124 we continued to feel the irnpact of the aftermath of Covid for young people in terrns of gaps in
education, deteriorating mental health and ever-present waiting lists for our serriees.
The trends we reported last year
l. A significant number of new members with additional needs
2. We are likely to have waiting lists for the forseeable future as we try to accomodate inereasing need.
have continued.
This has been exacerbated by the sudden loss of George, our beloved security guard, who had been at the Club
over 25 years and died unexpectedly on a visit to Nigeria in January 2024. As well as staff, young people and
fan]ilies missing George personally, the Club has to face up to the Proble￿ of managing the gate, which George
did with skills, knowledge and considerable style for so rnany years.
We have had additional funding from The Jack Petchey Foundation together ￿th the HAFF progran]rne which
has helped significantly with our holidaj offer and has also meant that we provide a healthy meal every day we
are open aeross the sehool holidays. There has been an increase in our intergenerational work, largely funded by
the Neighbourhood Fund and in addition to continuing Dementia friends training we ran a highly successful
joint Christmas dinner (albeit in January) with over 100 attendees in partnership with the local INY Club for older
residents. We also assisted them in seeuTing funding for their own projects for the next 2 years
The Summer was incredibly busy and a great sueeess with many offsite trips and development opportunities,
including ice skating, outdoor pursuits, trarnpoline, seaside trips, etc. We were able to run the young volunteers
prograrnme, funded this year by CVC and RDAS via London Youth. This programrne allows young people in year
I l and above to apply to work on our Summer delivery and earn up to £16 a day volunteering. The programtne
also includes CV support and job related training such as Safeguarding and First Aid
Throughout the year there have been rnany highli*ts including, a trip Hindleap Warren for 52 Joung people
supported by the Jack Petchey Foundation, setting up our own in-house Arts Award, validated externally, which
this produced work inspired by Anthony Gormley- the results were displayed at the Nunhead Art Trail, Cross
Country. Our theatre section continued to grow and we greatly benefitted frorn a lot of cheap and free tickets
Ithanks to the Black Ticket Project and HAFI and managed to see I I Sho￿S. Young people also started a Theatre
Critie group and regularly post short ￿de0 reviews ol the perfornlanees they have seen.
The Duke of Edinburgh Section continued to flourish. In addition to a successful expedition trip for 20 Bronze
and Gold participants to the South Downs la last minute change after predicted bad weather in Brecon Beacons)
which straddled this and the next financial year, 5 young people went to Buckingham Palace to collect their Gold
Awards.
Accreditation opportunities included Food Safety, Safeguarding, Snowboarding/Skiing, Financial Management,
Police Badge, Junior Table Tennis Umpire. We finally found a new delivery partner for First Aid and were able to
deliver this too.
We were able to continue vital one to one tuition in Maths and English thanks to a new 2 year grant fro
Charterhouse in Southwark
In terms of regular funding we continued to benefit from The Girdlers Company's contribution to our 5 night a
week homework prowision LEAP, which is now needed n]ore than ever and LBS Youth str￿Ce funding which
pays for staff salaries

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
It was a difficult year financially as we knew that we must face up to the loss of 2 signifieant grants, Big Lottery
Fund and Peter Minet - totalling £130,000 a year. A lot of tin]e was spent preparing applications to existing and
potential new donors. Towards the very end of 2024 we secured core funding from Children in Need and salary
funding for Fridays Irorn DCMS and this alrnost covered the Ioss. Whilst it was a great relief, ￿'e couldn't
celebrate for long as, like rnost of our funding, they are short terni arrangernents.
We have continued to develop our partnership ￿ryth Westn]inster School who organised donations of text books
and bedding etc. They also arranged for 50 voung people to visit Westminster Abbe! free of charge. This was
one of the highlights of the years We are delI￿ted to eontinue working with them again as our historical link is
so strong.
We continued to attraet more Indi￿dual and Corporate donations and the work we have been able to do with our
Family Fund continues to be key in terms of immigration, housing, education support IEHCPS and school
exelusionsl and legal matters for our families.
Torn frorn Bam architects has been working pro bono on the potential build at the Club. Progress has been slow
due to external factors. The Trustees remain hopeful that, if planning is secured again, neeessary funds ean be
raised for the project to go ahead as it would proNryde rental incorne to cover core costs and help to secure the
Club's future in very uncertain times. The planning application has been resubmitted and we stlll await the
results.
The Cost of Living Crisis has impacted us in every area. The cost of everything, including insurance, diesel,
activity costs etc ha8 soared. Also, because the salaries we pay are dependent on grant funding, we are only able
to offer a 3 % annual pay rise and this irnpacted on our staff team.
Our work with the Felix Project has rneant we are still able to offer a weekly food bank service. Shamefully there
are still queues in the path for this every Friday night. We have also partnered with the Hygiene Bank who make
regular donations of toiletries lor our families. HAFF funded some Iree hair sessions for young women at the
Club which was well received.
The most exciting news in 2023124 is the progress on our plan to becorne carbon neutral. We have a large fiat
roof at the Club and have installed 92 solar panels thanks to the generosity of many donors, but notably
Charlotte and Matt Vaight. This has been a steep learning curve and took longer than we had hoped as we
waited for approval fron] lots of outside agencies. This part of the project ivas shortlisted for a Southwark
Business award in early 2024.
The second phase of the project which we hope to complete in 2024 involves the complete removal of our ga8
supply and the installation of infra-red heating. The project was a response to
l. Alarm at the astronomical cost of powering our building.
2. Our mernbers commitment to in]proTring their environrnent
We are excited about this initiative and keen to share our learning with other youth clubs and community
centres where possible.
The system is now up and running and we are generating huge amounts of electricity. It takes time for the
rmancial benefits to filter through but we are hopeful that we will be self-suffieient on energy costs in 24125
We have benefited greatly from the continuing generosity of our major funding sources. We are also indebted to
the rnan) Trusts and Charitable Foundations (listed in notes 4 and 18 to the accounts) who have prowided
general funds or funded specific and vital pieces of equipment and work within the Club.
Jamie Holyland continued as an external evaluator and his new report 18 due in May 2024. Below 18 a quote fro
his 2023 report.
HYC is a fantastic youth pro￿S1O￿. the only youth proNrysion that I would recommend in
NunheadlPeckham.°
Safer Schools Police Offieer

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
The staff team, paid and voluntary, have provided another year of excellent work in challenging circurnstances.
Their eommitment to improving the lives of }'oung people means that our members are able to access
opportunities which impact positively on their lives and on their futures.
Thanks are due to everybody who played a part in making it such a successful year- staff and volunteers,
funding bodies and advisors> parentslguardians and club members.
POLICY ON RESERVES AND INVESTMENT
The objective of the Trustees has been to maintain a sizable reserve, principally invested in managed funds, the
ineome from which can be utilised to meet eosts whieh are not eovered by speeifie grants. These investments
th a market value of £540,200 at 31 March 2024 represented the greater part of the unrestricted funds of
£638,000 whieh include the fund of £250,000 designated to support the proposed residential pmperty
inv¢stment.
Unrestricted funds, comprising general income and designated income, fell during 2023-24 from £655,900 to
2638,000 as a result of a deficit of £17,900 represented by net outgoing resources on unrestricted funds £3 1,200
offset by an unrealised gain of £13,300 on revaluation of the investments at 31 March 2024. The designated
income funds comprise'.-
Project Shortfall Fund of £59,000 which is available to meet unfunded Costs of major repairs, unexpected
loss of committed funding, and replacement of Tninibuses when required. It was not necessary to have
recourse to this fund in 2023-24.
Residential Investment Fund of £250,000 created by transfer from General Income in order to eannark
resources to support the proposed residential property investment.
Restricted funds increased during the year by some £3 1,900 to £178,200 at 31 March 2024 as shown in Note 18
to the aecounts. This represents the excess of the aggregate amounts subscribed to the funds during the year
over expenditure.
INVESTMENT
Because of its limited income and substantial overheads, investment of the Club's funds has always had as its
ain objective obtaining an incorne yield at a worthwhile level accon]panied by long-terrn capital growth and a
concomitant long-term growth in incorne. Details of the relevant investments appear in the Notes to the annexed
aeeounts which show an inerease of £13,300 in their aggregate market value in 2023-24.
FINANCIAL REVIEW
A summary of the year's results can be found on Page 8 of the attached accounts ￿th a net inerease in funds for
the year of £14,00012022-23 £29,3001. The surplus comprises an excess of income over expenditure of £700
12022-23 £40,6001 and an unrealised gain of £13,30012022-23 loss of £1 1,3001 on revaluation of investment
assets.
Details of the costs and funding of the Club's projects and activities may be found in Note 18 on Pages 19 and 20
of the annexed accounts.
PLANS FOR FUTURE PERIODS
Subject to the exigencies of future funding requirements, as dealt with in the Financial Review, the Club will aim
to continue the activities, described above in the report on the Club's Activities.

WESTMINSTER HOUSE YOUTH CLUB
REPORT OF THE TRUSTEE BOARD
FOR THE YEAR ENDED 31ST MARCH 2024
BALANCE SHEET
Total funds inereased in the year by £14,000 to £1, 146, 100 at 3 1 March 2024. This includes the Expendable
Endowment of £330,000 Thhich represents the book value of the Club's freehold property. Within total funds, the
Restricted Income Funds of £178,200 represent restricted Grants donated in advance for specific purposes and
not expended by 3 1st March 2024.
Investments at 3 1 March 2024, £540,200 at market value, are attributable to unrestricted funds and are
managed by Black Rock Investment Management IUKI Limited.
Cash and bank balances, £175,500 at 31 March 2024 were attributable to unrestricted funds1£85,9001 and to
restricted funds1£89,6001.
The Managernent Committee have authorised expenditure of approxirnately £IOO,000 on installing a solar
powered electric heating system at the Club premises. The cost will be funded substantially by donations and
grants whieh amounted to £96, 100 at 3 1 Mareh 2024.Inote 18 to the aeeountsl Expenditure of £68,400 was
incurred in 2023-24 and is capitalized (note I I to the accountsl-
RISK MANAGEMENT
The Trustees have a risk management strategy which eomprises'.-
A basic document identifying the risks the Club may face.
the establishment of systems and procedures to mitigate identified risks;
an annual review of the risks the Club may encounter.
TRUSTEE BOARDE RESPONSIBILITIES
Law applicable to charities in England and Wales requires the Board to prepare accounts for each financial year
which ￿ve a true and fair view of the Charity's financial activities during the year and of its financial position at
the end of the year. In preparing accounts showing a true and fair view the Board's members are required to..
Select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
follow applicable accounting standards and statements of recommended practice subject to any
material departures disclosed and explained in the accounts;
PTepare the accounts on the going concern basis unless it is inappropriate to presume that the
Charity will continue in operation.
The Board are responsible for keeping propeT accounting records which disclose with reasonable accuracy at any
time the financial position of the Charity and enable it to ensure that the financial statements comply with the
Charities Act 20 1 l. They are also responsible for safeguarding the assets of the Charity and for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
V PEEL
R iL)MAX
Date of approval.. 27 June 2024

INDEPENDENT EXAMINERE REPORT TO THE TRUSTEE BOARD OF THE
WESTMINSTER HOUSE YOUTH CLUB
FOR THE YEAR ENDED 31ST MARCH 2024
I report to the trustees Iwho are also Directors for the purpose of company lawl on my examination of the financial
statements of Westminster House Youth Club I'the eharitable company'l for the year ended 3 1 Mareh 2023 whieh
comprise the Statement of Financial Activities, the Balance Sheet and related notes.
This report is n]ade solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act
201 l. My work has been undertaken so that I might state to the charity's trustees those matters l am required to
state to them in this report and for no other purpose. To the fullest extent perrnitted by law, I do not accept or
assume responsibility to anyone other than the charity and the charity's trustees as a body> for my work, for this
report, or for the opinions I have formed.
RESPONSIBILTIES AND BASIS OF REPORT
As the trustees of charitable company you are responsible for the preparation of the financial statements in
accordance with the requirements of the Companies Act 2006 I'the 2006 Act).
Having satisfied myself that the financial statements of the charitable company are not required to be audited
under Part 16 of the Act and are eligible for independent examination, I report in respect of my examination of the
charitable con]pany's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Actl
and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission
under section 14515llbl of the 20 1 l Act
An independent examination does not involve gathering all the evidenee that would be required in an audit and
consequently does not cover all the rnatters that an auditor considers in giving their opinion on the financial
statements. The planning and conduct of an audit goes beyond the lirnited assurance that an independent
examination can prO￿de. Consequently l express no opinion as to whether the financial statements present a
true and fair, view and my report is limited to those specific matters set out in the independent examiner's
statement.
Since the charitable company's gross income exceeded £250,000 your examiner must be a member of a body
listed in section 145 of the 20 1 l Act. I confirm that l am qualified to undertake the examination because l am a
member of ICAEW, which is one of the listed bodies
INDEPENDENT EXAMINERE STATEMENT
I have cornpleted rny examination. I confinn that no material rnatters have corne to rny attention in connection
with the examination giving me cause to believe that in any material respect..
accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act. or
the financial statements do not accord with those records. or
the financial statements do not cornply with the accounting requirements of section 396 of the 2006 Act
other than any requirement that the financial statements give a 'true and fair view which is not a matter
considered as part of an independent examination., or
the financial statements have not been prepared in aeeordanee with the methods and prineiples ol the
Statement of Recommended Practice for accounting and reporting by charities applicable to charities
preparing their accounts in aeeordanee with the Finaneial Reporting Standard applieable in the UK and
Republic of Ireland IFRS 1021.
I have no eoneerns and have come aeross no other matters in eonneetion Mryth the examination to whieh attention
should be drawn in tFLiS report in order to enable a proper understanding of the financial staternents to be reached.
Alex Koupland
CALDER & CO
Chartered Accountants and Registered Auditors
30 Orange Street
London
WC2H 7HF
Date.. 26 September 2024

WESTMINSTER HOUSE YOUTH CLUB
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
Restricted Funds
Expendable
End0N￿ne￿t
Unrestricted
Total
Total
Notes
Funds
Income
2024
2023
Incoming Resources
Incoming Resources from
Generated Funds'.-
Subscriptions
Grants and similar
voluntary income
Donations
Investrnent income
Other income
4,041
4,041
1,877
246,002
246,002
23,603
20,723
3,000
288,789
19,248
18,856
3,260
23,603
20,723
3,000
Total Incoming Resources
246 002
297,369
332 030
Resources Expended:_
Charitable activities
80,115
216,544
296,659
291,391
Total Resources
Expended
Net Incorning/lOutgoingl
Resources before
Transfers
Transfers-_
Gross Transfers between
Funds
Net Incorning/lOutgoingl
Resources before Other
Recognised Gains and
Losses
Gain (Lossl on
Revaluations -
Investment assets
80,115
216,544
296,659
291,391
128,7481
29,458
710
40,639
2,417
2,417
131,1651
31,875
710
40,639
12
13,250
13,250
111,3541
Net Movement in Funds
17,915
31,875
13,960
29,285
Total Funds brought
forward
655,885
146,289
330,000
1,132,174
1,102,889
Total Funds carried
lorward
£ 637,970
£ 178,164
£ 330,000
£ 1,146,134
£ 1,132,174
CONTINUING ACTIVITIES
All incoming resources and resources expended derive from continuing aCtI￿ties.
TOTAL RECOGNISED GAINS AND LOSSES
The statement of financial activities includes all gains and losses reeognised in the year.

WESTMINSTER HOUSE YOUTH CLUB
BALANCE SHEET
31ST MARCH 2024
Unre-
Restricted Funds
stricted
Expendable
Endown]ent
Total
Total
Notes
Funds
Incorne
2024
2023
FIXED ASSETS
Tangible Fixed Assets
12,119
90,301
330,000
432,420
381,848
INVESTMENTS
12
540,180
540,180
526,930
CURRENT ASSETS
Debtors
13
488
488
7,988
Cash at Bank and in Hand
14
85,883
175,457
241,103
86,371
89,574
175,945
249,091
LIABILITIES
CREDITORS.. AMOUNTS
FALLING DUE WITHIN
ONE YEAR
15
700
NEf CURRENT ASSETS
85,671
87,863
173,534
223,396
637,970
178,164
330,000
1,146,134
1,132,174
CREDITOR.. AMOUNT
FALLING DUE IN MORE
THAN ONE YEAR
15
TOTAL NET ASSETS
£637,970 £178 164
£330 000 £1,146,134 £1,132 174
Representing..
UNRESTRICTED FUNDS
Designated Income
General Income
16
309,000
328,970
309,000
328,970
309,000
346 885
17
637,970
637,970
655,885
RESTRICTED FUNDS
Income
18
178,164
178,164
330 000
146,289
330 000
Expendable Endowment
19
330 000
178,164
330,000
508,164
476,289
TOTAL FUNDS
£637,970
£178,164
£330,000 £1,146,134 £1,132,174
The company's financial statements have been prepared in accordance with the provisions applicable to
eompanies subjeet to the small eompanies regime.

The trustees consider that the cornpany is entitles to exemption from the requirement to have an audit under the
provision of section 477 of the Companies Aet 2006 1.the Act'l and members have not required the eompany to
obtain an audit for the year in question in accordance with section 476 of the Act.
The Trustees acknowledge their responsibilities for complying with the requirements of the Companies Aet 2006
th respect to accounting records and the preparation of the financial statements.
The financial statements were approved and authorised for issue by the Trustees on 27 June 2024 and signed on
their behalf by..
V Peel
(Chairl
R. IA)max
(Treasurer)
10

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES
lal
Scope
The accounts relate to the activities of Westn]inster House Youth Club only. Westn]inster House
Youth Club is a cornpanv lirnited by guarantee to which the assets, liabilities and undertaking of
an unineorporated association of the same name were transferred on 23 November 202 1. This
combination was accounted for as a merger in accordance Thith the Charities SORP 20 15
The memberg of the Company are the Trustees named on page l. In the event of the company
being ￿TOUnd up, the liability in respect of the guarantee is limited to £1 per member of the
company.
Ibl
Basis of Accounting
The financial statements have been prepared under the historical cost convention with iterns
recognised at cost or transaction value unless othenvise stated in the relevant notes to these
accounts. The financial statements have been prepared in accordance with the Staternent of
Recomrnended Practice.. Accounting and Reporting by Charities preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland
IFRS 1021 issued on 16 July 20 14 and Financial Reporting Standard applicable in the United
Kingdom and Republic of Ireland IFRS 1021 and Charities Act 20 11.
Icl
Income
All ineome is recognised once the eompany has entitlement to the ineome, it 19 probable that the
incorne will be received and the arnount of income receivable can be measured reliabl}.
Subscription income represents token pa!mentS Tnade by young rnernbers for access to Club
sessions. This income is accounted for on a cash basis
Expenditure
Expenditure is charged to the staternent of financial actiNrytie8 on an accruals basis and is
classified as follows..
Direct Charitable Expenditure
Direct charitable expenditure comprises services identifiable as ivholly or mainly in
support of the Charity's charitable and operational work. These costs are regarded as an
integral part of carrying out the direct charitsble objectives of the Charity.
Managernent and Adrninistration
Managernent and administration expenditure con]prises costs incurred in the management
of the Charity's assets, organization, adrninistration and constitutional and statutory
requirements.

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES (Continued)
lel
Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to ￿￿ltE each asset off over its
estimated useful life.
Freehold property
Minibus
Equipment
Fixtures & fittings
Solar heating
Nil
200/0 Straight line
10 % on net book value
10 % on net book value
7.5 % on net book value
It is the Club's policy to write off the expenditure on equipment related to project activities in the
year in which the expenditure is ineurred.
ifj
Investments
Fixed asset investments are a form of financial instrurnent and are initially recognised at their
transaction cost and subsequently measured at fair value at the Balance sheet date, unless fair value
cannot be measured reliably in which case it 18 rneasuTed at cost less impairn]ent. Investrnent gains
and losses, whether realised or unrealised, are combined and shown in the heading 'Gain I ILossl on
Revaluations- Investment assets- in the Statement of finaneial aetilryties.
Igl
Cash at hand and in bank
Cash is represented by eash in hand and deposits with financial institutiong repayable without
penalty on notice of not rnore than 24 hours.
Ihl
Creditors
Creditors are recognised when there is an obligation at the Balanee Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in settlernent, and the aTnount
can be estimated reliably. Provisions are measured at the best estimates of the amounts required to
settle the obligation.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the company and which have not been designated for other
purposes.
Re8tTiCted funds are funds which are to be used in accordance with Specific restrictions imposed by
donors or which have been raised by the company for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund 18 set out in the notes to the financial staternents.
Pension Commitments
The Charity makes defined contribution arrangements for certain members of the staff. Pension
contributions are charged as expenditure when paid.
12

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31ST MARCH 2024
GRANTS AND SIMILAR VOLUNTARY INCOME
2024
2023
Specific Grants
General Grants
246,002
£288,789
£246,002
£288,789
DONATIONS
2024
2023
Sundry Donations
£23 603
£19 248
Note.. "LEAP" is the name used in these Accounts to describe the facilities and actI￿tIeS of the t£vison
Education and Arts Project.
GRANTS AND DONATIONS
Grants and donations reeeivable for restricted purposes are sho￿￿ in Note 18 in the Column Wew
Resources,.
Grants received relating to periods after the end of the finaneial year are earried fonvard as deferred
grants (Note 151'.-
Donations of £100 or more were received from the following for general purposes:_
Lionel and Florence Assant
Elinor and Hugo Blick
Hilary Carn]ichael
Helen Clark
Deborah Dowdall
Joe Do}"le
Gerry Ford
Lisa Graham
Nick Linnane
Lorraine Liyanage
Roger and Jodie IA)max
Hannah Mawdsely
Alison Orr
Alidz Pambakian
Alistair Reid
Mark Roberts
FL
Judith Harries
Charlotte and Dave Hill
Euan Forsyth
Alys Garnian
Michael Hollins
Hannah Hughes
Lizzie Hyatt
Suzanne James
Paul Kabuubi
John Schofield
Kate Smith
Wayne Virgo
Charlotte and Matthew Vaight
Russell Walters
Jim Waterson
Katherine Wentrup-Estupinan
Bernadette Worthington

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
OTHER INCOME
2024
2023
Sundry Other Income
3,000
3,260
Gain on disposal of r￿ed assets
£3,000
£3,260
INVESTMENT INCOME
Bank Interest
191
933
Dividends
20,532
17,923
£20 723
£18,856
CHARITABLE ACTIVITIES
Restricted Funds
Unrestricted
Funds
endable
Endowment
Total
2024
Total
2023
Incorne
Salaries
Employer's Pension Contributions
Instructors, Fees
63,554
3,492
107,640
1,759
16,857
4,579
48,140
5,496
171,194
5,251
16,857
4,579
48,875
5,496
2,114
7,904
1,523
7,163
2,412
171,333
5,192
6,456
5,737
53,964
3,560
2,268
8,792
662
6,296
4,430
3,584
3,741
15,376
Vehicle Expenses
Activities
Security Costs
Rates
735
2,114
861
562
Light and Heat
Sundries
Insurance
Repairs and Maintenance
Incorporation
Governance (Note 81
Depreciation
7,043
961
7,163
1,835
577
381
5,100
9.971
5,481
17,810
7,839
£80,115 £216,544
£296,659 £291,391
14

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
GOVERNANCE COSTS
2024
2023
Office Costs
381
621
Independent projeet evaluation
3,000
1,500
Independent Exan]ination Fee
2,100
1,620
£5,481
£3,741
TOTAL RESOURCES EXPENDED
Staff
Costs
Depreci-
ation
Other
Costs
Total
2024
Total
2023
Direct Charitable
Expenditure
176,445
17,810
96,923
291,178
287,650
Management and Admin
istration of the Charity
5,481
3,741
£296 659
£291,391
Wages and Salaries
158,530
158,551
Social Security Costs
12,664
12,782
171,194
171,333
Employer's Pension
Contributions
5,251
5,192
£176,445
£176,525
The average number of employees, analysed by lunction, was'.-
Youth Workers
12
One ernployee received emoluments totalling £73,353 including employer's national insurance
and pension eontributions. No other employee received emoluments exeeeding £50,000.
10. TRUSTEES. REMUNERATION
No voting member of the Trustee Board received any remuneration in respect of their services
or reimbursement of expenses during the year.

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
TANGIBLE FIXED
ASSETS
Freehold
Land and
Buildin
Solar
Electric/
Heatin
Fixtures and
Fittin
ment
Minibuses
Total
Cost or Valuation
1st April 2023
Additions at cost
Disposals
330,000
55,322
15,920
70,376
471,618
68,382
68,382
315t March 2024
£330,000
£55,322
£68,382
£15,920
£70,376
£540,000
Depreciation
1st April 2023
Charge for Year
On disposals
45,018
1,027
14,519
144
30,233
14,075
89,770
17,810
2,564
31st March 2024
£46,045
£2,564
£14,663
£44,308 £107,580
Net Book Value
31st Mareh 2024
£330,000
£9,277
£65,818
£1,257
£26,068
£432,420
31st March 2023
£330 000
£10,304
£40 143 £381 848
The net book value at 31 st March 2024 represents tangible f￿ed assets used for direct charitable
purposes.
The Trustee Board are not aware of any material change in the value of the freehold property.
12. INVESTMENTS
31.3.24
G￿n/(LO8$)
31.3.24
Market
Value
31.3.23
Market
Value
Revaluation
Cost
Blackrock Charities UK Bond Fund A
26136.364 Income Shares
15231
46,000
38,159
38,682
Blackrock Charities UK Equity Fund A
68864.363 Ineome Shares
13,773
214,000
502,021
488,248
£13,250 £260,000 £540,180
£526,930
16

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
13. DEBTORS
2024
2023
Incon]e Recoverable
Grants receivable
Amounts Paid in Advance and Receivable
400
400
7,500
88
88
£488
14. CASH AT BANK AND IN HAND
Cash at bank and in hand is divided between the Charity's funds as follows'.-
lal Unrestricted Fund8
Projects shortfall
General income
59,000
26,883
59,000
28,408
85,883
87,408
Ibl RestTiCted Funds
General endowment
Restricted income fund
89,574
153,695
Total Cash at Bank and In Hand
£175,457
£241,103
15. CREDITORS
Due Within One Year
Accruals
Advance payment
Deferred grants
2,411
2,411
23,284
£2,411
£25,695
17

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
16. UNRESTRICTED FUNDS
DESIGNATED INCOME FUNDS
lil Project Shortfall
At l April 2023
2024
2023
59,000
59,000
Transfer fromlltol General Income Fund
At 31st March 2024
59,000
59,000
lill Residential Investment
At l April 2023
Transfer fromlltol General Income Fund
250,000
250,000
At 31st March 2024
250,000
250,000
Balance at 3 1 March 2024
£309,000 £309,000
17. UNRESTRICTED FUNDS..
GENERAL INCOME
Balanee at 1st April 2023
346,885
354,300
Net Incoming loutgoingl Resources before Transfer8
Transfer from Itol Restricted Income Fund
128,7481
12,4171
3,995
1561
Gain Ilossl on revaluation of investments
13,250
111,3541
Balanee at 3 1 Mareh 2024
£328,970 £346,885

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
18.
RESTRICTED FUNDS..
INCOME FUND
Balance
Movernent in Funds
enditure
Transfers
Balance
31 st March
2024
1st April
2023
New
Resources
lil Reaching Communities - Big
Lottery Fund
2019 Grant
5,488
69,851
175,9301
591
Illl Departrnent for Culture
Media and Sport
23,142
110,202
12,940
Iilll London Borough of Southwark
Main Fund
30,000
13 1,8841
1,884
livl LEAP Funds
Girdlers Company
8,368
15,000
123,5551
187
Iv) Girdlers Company Trust
200
12001
I￿) Charterhouse Southern
8,000
14,708
3,292
Iviil Peter Minet Trust
1,481
11,4361
1451
Ivilll Southwark Healthy Food and Fun
Programme
43,504
125,4521
18,052
lixl CIN - Youth Futures Foundation
16.500
18,7331
7,767
Ixl The Jaek Petehey Foundation'.-
Award Scheme
3,791
7,200
14,8401
6,151
Ixil Nunhead and Peckham Rye
Neighbourhood Fund
5,000
13,037
1,963
Ixlll st Olave's Foundation
2,078
11,750
328
Ixiiil London Youth - Summer Skills
2023
4,800
12,8831
1,917
19

WESTMINSTER HOUSE YOUTH CLUB
NOTES TO THE ACCOUNTS
CONTINUED
FOR THE YEAR ENDED 31ST MARCH 2024
18.
RESTRicfED FUNDS..
Balance
Movement in Funds
enditu
re
Balance
INCOME FUND Ictdl
I st April
2023
New
Transfers
31st March
Resources
2024
Ixivl London Borough of Southwark
Football pitch - donated facility
10,089
11,009
9,080
Ixvl Grants for Minibus Purchases
22,299
16,398
15,901
(x￿) Young Volunteers (Duke of
Edinburghl
12,667
111,9981
669
Ixviil Family Support Fund
6,497
250
1165
6,582
IJThTiiiI Solar Heating Fund
73,331
22,755
12,5641
93,522
£146 289 £246 002
£216 544
£178 164
19. RESTRICTED FUNDS..
EXPENDABLE ENDOWMENT FUND
2024
2023
Balance at I st April 2023
Transfer to general incorne
330,000
330,000
Balance at 3 1st March 2024
g330,000
£330,000
20. COMMITMENT
The Management Committee has authorised expenditure of approximately £IOO,000 on
installing a solar powered electric heating systern for the Club Prernises. At 3 1 March 2024
£68,400 had been spent and is capitalised as a r￿ed asset.
20