Willesden Trade Hall Charity
Chairs Report
This report covers the first year of trading of the Willesden Trade Hall Charity which, at the time of its inception had no income streams and its sole asset was the building which could not be utilised for community use in its state of disrepair. We were fortunate to receive funding from two sources that enabled the charity to work towards its aim to get the building restored and returned to use by the community in the London Borough of Brent.
Firstly, the charity received a resilience grant from the National Heritage Lottery which has enabled the trustees to consult widely with the community about the future use of the building and to ascertain the nature of the building work necessary to restore the property to enable it to be used by the community. The trustees were ably assisted in the consultation process by the staff of the London Historic Buildings Trust, and we are grateful for their help and advice. The grant enabled the charity to seek professional guidance from architects, and the trustees received exceptional guidance, commitment and assistance from Adjaye Associates well in excess of the small amount of the tendered price. The long terms strategy for the charity is based upon their hard work and we would not have been able to develop it without them. The grant has also enabled the creation of a film on the history of the building which is being made by Chris Reeves of Platform Films and this should be available next year.
Secondly, we received an unrestricted donation from the London and Eastern Region of Unite in recognition of the historic contribution of Willesden Trade Hall both to the Trade union movement and the fight against racism. The donation enabled us to cover running costs such as insurance, electricity and business rates at a time when the charity was not able to generate income from using the building and without it the charity would not have been solvent. It was fantastic to see that the spirit of solidarity that has been the bedrock of the Hall over the years still lives on in the Trade Union movement.
It has been fascinating for me to meet with members of the Brent community and learn more about the London Borough that has been my hoe for over 30 years – for instance, I was not aware that the reggae movement in the Uk started in Willesden and that a number of famous artists has played at the Apollo Club based in the Trade Hall, including Bob Marley. I hope that when we come to write next years report the club will be open once more for the local community who clearly loved the venue.
REGISTERED CHAltItY I¥UMBER: 12101XIO of the Trustee and Financial staents f the Year Ended 30 Nov btr 2025 for Wtllesd Trddes Hall
Wille Hall Conients of tbe Financial Statetnt for the YLar Endcd 30 N4)vember 2025 Page Report of the Trll5tees StateTneT]t of Financial Acbwiscs Balarjce She Notes lo th¢ Financial Statements 4 to 6 Detailed Statement of Financial Activities
Willesden Trades H n of the Trnste foi t]ie Year Ended 30 N vember 2025 The tsuslees present their rqx)rt with the fian¢•&] statements of the chartty for the year ended 30 November 2025. The tn]stces have adopted the provisions of Accounting and Reporting by Charities.. Statctncnt of Recgnllnendcd Practice pplieablL to charities preparkng their in accordance with th¢ Financidl Reporting StandaTd applicable in the UK and Republic of Irelalld (FRS 1021 {¢ffective l January 2019). STRUCTURE, GOVEILNANCE AND MANAGEMENr Governing documettt The Gharity FS contrulled by Jts governing docurn¢llt, a deed of llwsi and ¢ortstiNtes an unin¢orKrf)rdied chartty. REFERENCE AND ADMINISTRATtVE DETAILS Registered Ch#rity number 12100(X) PriDcip&I address 375 Iligh Road London NWIO 2JR Trustees A Payn¢ Dtrector (appointed 16.4.25) Approved by order of the board of trnstees on ......................... .... ....... ..... and siglled on itb behalf by= Page I
Wtllesdcn Trades Hall Statement of FiJJan¢ial Activittes ror the Y¢ar Endcd 30 November 2025 Unrestricted nd Notes INCOME AND ENDOWMENTS FROM Donations atyl l¢gacie$ 48.700 EXPENDrruRE ON Raising fimds 4.294 Charltable aetlvlties D¢f2 32.861 Totsl 37.155 Net gkins imTegtmeots 8(K),(M)O NET INCOME 811,545 TOTAL FUNDS CARRIED FORWARD 811,545 The notcs fomi part of these financial 5tatcrnclllS Page 2
Will¢sd¢n Trades Hall Balance Sheet 30 November 2025 Unre8tri¢ted fund Notes FIXED A&SETS nveslment propcrty 800.1)00 CURRE ASSETS Debtors Cash at bank 5,851 6,985 12.836 CREDITORS Atnount5 falling due within one ytsr (1291) NET CURRENT ASSETS 11,545 TOTAL ASSETS LE&S CURRENT LBILITIEs 811.545 NET ASSETS 811,545 FUNDS Unrestricted funds 811,545 TOTAL FiJNDS 811,545 The fLnancs315t4temthts were approved by the Board of Trnstees aDd authoriscd for issue on and were si¥neil ()n lis behalf by= 5tec The notes forni part of these financial statements Page 3
Willcsden Tr&des Hall Notes to the Financial Statement5 ror the Ycar Ended 30 November 2025 ACCOUNTING POLICIES Ba5l5 of preparing the flRan¢ial statements Thc finrincial staicments. Df thc charity, which is a public benefit entity utKlix FRS 101 have been prepared in accordanc¢ with the Charities SORP IFRS 102) 'Accounting and Reporting by Charities-. Sratement of Recommcndcd Practice applicable to charitics preparing thcir account5 in accordanLe wsth the Financtal Rerting Stand2rd applicable in the UK and Republic of Ireland (FRS 102) {effectiv¢ l January 2019),. Financial Retx>rting Standard 102 Thc Financial Reporting Standard applic&bl¢ in the UK and Republic of Ereland, and the Chariiies Act 2011. The financial ststements have been prepar¢d under the h]"storic&l eost conveniion. as modified by the revaluatiotj of certsin assets. Imcome All income is recognised in the Statement Of Fillanci41 Activities once the charity has elltitSeTneE]t to the fimds. li is probable that thc Èncorne be received and the amount can be rneasured reb"3bly. Expendimre Liabilities are recognised as expenditure as sooJ3 as there is a legal or constructive obligarion committing the charity to that expendiwre. It is probable that a transftr of tcononuc benefits will be required in settlement and the amount of the obligation C2n be me&%urcd rcliably. Expenditure is accoun¢ed for on an aCCn$ basts aDd has been classified under headings that aggregate all c05t rt14tted to the category_ Where costs. cannot be directly attributed to partlLular hctidillgs they have been allocated to xriviiies OD abasis consistent with the of resources. Investt prtsptrty Inve5ttnent PToperty Is showi at mosl recent valuation. Ally aggregate Surplus or deficit arising from changes in fair value is recognised in the Statement of Financial Actsvtties. Tsx8tion The eharity is exeEDpt fro on its chan"table activities. Fund aceouDting Unrestricted fi]nds can be used in accordance wih th¢ charitable objectÈves at the discreiion of th¢ trusteLs. Res(ricted funds only be used for particular restricted Purposes withit) the objects of the charity. Restri¢tioMs arise when specifiedby th¢ donor ¢)rwhen funds are rdi5ed foi particular restricted purpos¢s. Further explanation of the nature and purposc of each fimd is included in the notes to the financial st&tements. Hire purchase ad leas58 commitmeDt$ Rent415 paid uiider operatlxkg leases ar¢ charged to the StatertTht of Fi5Lancial Aciivities on a straight line b&si5 over the ri0d ot th¢ IS¢. Page 4 cOntined...
Wille ¢n Ttades H Notes to the FEDallcial Statemen continu for the Year Ended 30 November 2025 TRUSTEES, REM[¥ERATIo1¥ Al BENEFITS There were no tnLStees' ren)uneE&tion or other ben¢fits for the year ended 30 November 2025. Trnstees, expenses There were Do thte¢s, expeD5es paid for the year eDd¢d 30 Novernb¢r 2025. INVESTMENT PROPERTY FAIR VALUE Revalu8tion 800.000 At 30 November 2025 800.000 NET BOOK VALUE At 30 November 2025 800,0(K) Env¢sthJent propelry is shown at most recent valuation by Reg41 A&set Managers TIA Regal Estate& Fairvalue ai 30 November 2025 is represented by". Valu*ion in 2025 800,000 DEBTORS: AMOUNTS FALLING DUE WITH ONE YEAR VAT 5,851 CREDITO1. AMOUIIryS FALLING DUE WITHif4 ONE YEAR Trdde creditors (Xhcr Creditors 141 1,150 1.291 MOVEMENT IN FUNDS N¢t movement in fullds At 30.11.25 Unrestricted ndS General futtd 811.545 811.545 TOTAL FUNDS 811,545 811.545 Pagc 5 colrtinued...
WillcsdeD Trddes Hall Notes to the Financial Statements- continued ror thc Ytrar Ended 30 November 2025 MOVEMENT IN FUNDS- continued Nei movement itt fiLDd& inctuded in the above are as follows: IncomÈng Resources expended Gaips and losses mOveent in funds UDrestrieted fvnds Generdl fund 48.71MI {37,155) 800.0(K) 811.545 TOTAL FUNDS 48,7(x) (37.155) 800.0( 811,545 RELATED PARTY DISCLOSURES There were no related paty transactions for the ye2r ended 30 November 2025. Page 6
Willesden Trad Detailed Staten)ent f for th¢ Year Ended 30 N cial Activities r 2025 INCOME AND ENDOWMENTS Donatlon$ #md legacies Grants 48.700 T•tg1 iDcomiDg rewurce5 48.7(K) EXPENDITURE Ch4rlt#ble aetivitie5 Compuw ¢osis 296 Support rosts Managtinent Light and heat Advertising Surthies (3031 2,125 Flnance Insurance Bank Charges 1,915 1,919 InforntIoll technology Repairs and renewals 451 Governance eosts Aceountancy and legal fees ReerUit[lI costs 32,565 80 32.645 Total resourc¢s exnded 37,155 Net income 11,545 This page does noi forn) part of the sthiutsbry financial statements Page 7
CHARI FOR EN COMMISSION LAND AND WALES Independent examinerfs report on the accounts Section A l idependent Examiner's Report Report to the trustetsl members of WILLESDEN TRADES HALL CHARITY On accounts for the year ended 30 November 2025 Charity no {if any) 121000 Set out on pages 2-6 of the full accounts I report to the trustees on my examination of the accounts of the above charity {llhe Trusf} for the year ended 3011112025. Responsibilities and basis of report As Ihe charity trustees of the Trust, you are responsible for the preparation of the accounts in accordan wtth the requirements of the Charities Act 2011 ('the Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying OLrt my examination. I have followed the applicable Directions given by the Charrty Commission under section 145{5}{b} of the Act. I have completed my examination. I confirm that no material matters have come lo my attention in connection with the examination which gives me cause to believe that in, any material respect= accounting record5 were not kept in aordanCe with section 130 of the Act or the accounts do not accord wtth the accounting records Independent examinerfs statement I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2210712026 Name: Timothy O'Keeffe Relevant professional qualification(5) or body {If any): ICAEW Address: 164 Field End Road Eastcote HA5 1RH Section B Disi:losure Ind ex omplete if the examiner needs to highlight matters of GOnM (see CC32, pendent examination of charity a¢¢ounts". directions and guidance for miners). IER October 2018
Givo here brief details of any items that the examiner wishes to disclose. IER October 2018