THE PADDINGTON CHARITIES
ANNUAL REPORT 2024
INTRODUCTION
These Accounts relate to the Paddington Charitable Estate (Charity No.2121021,
the Paddington Charitable Estates Educational Fund (Charity No. 3123471 and the
Paddington Relief in Need Charity (Charity No.8101321. These three Charities are
distinct in terms of their beneficiarles but are managed by one Board of Trustees.
The Paddington Charitable Estate is an endowment Charity providing Income for
the Educational Fund and Relief in Need Charities.
The Paddington Charitable Estates Educational Fund Incorporates the former
Miss Hawkins Woodfield Foundation.
The Paddington Charities (Paddington Charitable Estates, Paddington Charitable
Estates Education Fund, and Paddington Relief in Need Charity) are administered
together for the support of organisations and individuals in the Old Paddington
Borough in the areas of education and welfare. With the dissolution of the
Paddington Borough and its incorporation into the new City and Borough of
Westminster various funds were retained and today are invested to continue the
charitable purposes that were previously administered by the borough of
Paddington. These fund5 are made up of previous public funds and welfare
charities associated with the Parish churches of Paddington. This inheritance is
today expressed in governance,. trustee5 being nominated by Westminster City
Council and the Incumbents of Parish Churches in the old borough and today's
area of benefit.
In 2024 trustees have ensured the best return of those funds and their application.
During the year how best to support those who seek support were considered at
all trustee meeting5 and it was decided to end welfare vouchers and increase relief
in need grants enabling those who distributed vouchers to support those directly
who seek assistance. Tru5tee5 a150 agreed that welfare payments should be
decided on a case-by-case basis rather than insisting those seeking support should
be in receipt of benetits.
Grants to schools form a major part of the charity's giving and in relation to all
applications a process has developed whereby the Chairman and Vice-chairman
and Treasurer commend a decision to all trustees for approval, which can then be
challenged and if need be, adapted.
In 2024 in addition to personal grant5 the charities were pleased to support the
following organisations with donations over 2000, St Mary Magdalene School,
The Avenues Youth Project, Age UK, Queen's Park Primary School, SEN Unity CIC,

Westside Community Foundation. Westbourne Park Family Centre, and North
Paddington Youth Club.
In 2024we welcomed a newtreasurer, Randy....and we are grateful to Carole Headley-Barton
for her work as Clerk.
The Revd David Ackerman Vicar
APPROVED BY THE TRUSTEES ON WEDNESDAY, 12TH NOVEMBER 2025.
SIGNED........
Chairman of the Trustees

PARKER BIRCH
23 St Peters Road
Great Yarmouth, Norfolk NR303BQ
The Trustees of the Paddington Charitable Estates
C/0 Mr R Swain-johnson
4 Lanhill road
Maida Vale
London W9 2BP
17th June 2024
Dear Sirs
PADDINGTON CHARITABLE ESTATES AND PADDINGTON WELFARE CHARITIES
I have reviewed the books and records maintained by the Trustees and have
completed the following audit tests on the transactions:
{a) a sample of 40 cheque payments was taken. Each payment was vouched
to supporting documentation and the posting in the nominal ledger was
verified,.
(b) a sample of 16 income transactions recorded on the bank statement was
taken. Each item was vouched to supporting documentation and the
posting in the nominal ledger verified;
Ic) the trial balance was checked to the nominal ledger;
(d) the figures in the accounts prepared were agreed to the trial balance; e
balance sheet items were checked to supporting documentation;
(f)cash payments and receipts were totalled and agreed to the reconciled bank
balances shown in the accounts at 31 December 2023
Ig) minutes of the Trustees Meetings were examined.
Based on this review and the audit tests completed, I would conclude that the
Statement of Accounts Is a true and fair representation of the transactions of
the Paddington Charitable Estates and Paddington Welfare Charities for the
vear ended 31 December 2024.

If you have any queries on this matter, please contact me on 07880 307838.
Yours faithf ully
Nick Parker
NICK PARKER FCA

PADDINGTON CHARITABLE ESTATES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31" DECEMBER 2024
Detalls
Notes
Charitable
Estate5
(Endowment)
Education
Fund
Rellef In
Need
(Part of
Endowment)
INCOME
Dividends and Interest
TOTAL INCOME
103,462
103,462
23,533
23,533
10,058
10,058
EXPENDITURE
Management and Administration
Food Coupons
Pensions
Annual Grants to Schools
12,412
2.823
1,207
5,405
11,500
73,550
28,200
2,547
Grants to Organisations
Gr3nts to Individuals
Grants for Immediate Aid
TOTAL EXPENDITURE
11,276
44,919
74,307
12,412
107,120
NET INCOME/ (EXPENDITURE)
91,050
183.587}
164,249)
Transfers between Funds
Net Purchases and Sales of
Investments
Balance brought forward at
01.01.2024
Balance carried forward at
31.12.2024
191,050}
72,840
18,210
14,130
64,402
23,542
14.130
53,655
(22.497)

PADDINGTON CHARITABLE ESTATES
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED 31" DECEMBER 2024
2024
2023
FIXED ASSETS
Investments at Market Value
Listed Investments
3,265,641
3,039,381
CURRENT ASSETS
Sundry Debtors
Computers
Short-term Deposits:
Cazenove
li
72,000
524
490
208
COIF
28,647
9,898
1,463
9.227
24,853
50
27,251
12,114
1,517
85.737
23,723
84
Black Rock Charitie5 UK Bond Fund
M & G Charibond
Cash at Bank- Royal Bank of Scotland
Cash at Bank- Barclays
Cash in Hand
146,662
142,2141
104,448
151,124
113,1051
138,019
Less: Current Liabilities- Creditors
NET CURRENT ASSETS
12
TOTAL ASSETS LESS CURRENT LIABILITIES
3.370,089
3,177,400
FUNDS
Charitable Estates
Education Fund
Relief in Need
io
2,490,447
628,101
251,541
2,295,812
629,731
251,857
3,370,089
3,177,400

PADDINGTON CHARITABLE ESTATES
CONSOLIDATED CASHFLOW STATEMENT FOR THE YEAR ENDING
ST
31 DECEMBER 2024
Net Cashflow from Operating
Activities:
Net Expenditure per Statement of
Financial Activities
Increase in Creditors
Increase in Debtors
Increase in Assets
Investing Activities:
Withdrawal- Cash
Net Purchase and Sale of
Investments
Decrease of Value of Deposits
Increase in Cash and Cash
Equivalents las shown)
2024
45,288
29,109
171,0201
524
{23,9251
155,843
13461
(76,213)
2024
2023
Change
Short Term Deposits
Cash at Bank
Cash in Hand
40,291
34,080
50
41,090
109,460
84
17991
175,3801
1341
(76,213)
74,421
150,634
Cash and Cash Equivalents as at
31, December 2023
Cash and Cash Equivalents as at
31, December 2024
150,634
74,421

PADDINGTON CHARITABLE EsfATES
ST
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 DECEMBER 2024
GENERAL
These Accounts relate to the Paddington Charitable Estate (Charity No.2121021, the
Paddington Charitable Estates Educational Fund (Charity No. 3123471 and the Paddington
Relief in Need Charity (Charity No.8101321. These three Charities are distinct in terms of
their beneficiaries but are managed by one Board of Trustees. The Paddington Charitable
Estate is an endowment Charity providing Income for the Educational Fund and Relief in
Need Charities.
The Paddington Charitable Estate5 Educational Fund incorporate5 the former Miss Hawkins
Woodfield Foundation.
ACCOUNTING POLICIES
The Accounts comply with the Statement of Recommended Practice ISORPI on Accounting
and Reporting applicable to Charities, issued by the Charity Commission, and providing
guidance on how to apply the Financial Reporting Standard IFRSI.
The Accounts comprise of:
A Statement of Financial Activities for the year that shows all Investment Income to
the Charities and all Expenditure incurred, being mainly grants to Organisations and
Individuals,.
A Consolidated Balance Sheet that shows, the Assets, Liabilities and Funds of the
Charities; and
These Notes which expand the Accounting Statements referred to the above and
include a Cashflow Statement and an explanation of the basis for Transfers between
Funds.
Further information on the general financial position is contained in the Annual Report
which should be read in conjunction with the Accounts.
Listed Investments are shown in the Balance Sheet at Market Value, and the Notes to the
Accounts show the Original Cost lor Book Value) of these Investments.
Sums due to or from the Charities are recorded at the time they become due or payable.

NOTES TO THE FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31" DECEMBER 2024
l. Income
The comparison of Income for all Funds with the previous Financial Year is as follows:
Total Funds
2024
2023
Dividends and Interest
Multi-Asset Funds
Property
Bonds
125,597
16,267
2,908
144,772
7,570
117,200
17,979
3,146
138,325
7,237
131,088
Less Management Fees
Total Dividends and Interest
137,202
2. Ex
enditure
The comparison of Expenditure for all Funds with the previous Financial Year is as
follows:
Total Funds
2024
2023
Management and Administration
Food Coupons
Pensions
Grants to Schools
Grant5 to Organisations
Grants to Individuals
Grants for Immediate Aid
16,442
5,405
11,500
73,550
38,358
13.823
44,919
203,997
16,371
2,220
8,925
70,000
20,200
2,449
2,200
Total Expenditure
122,365
None of the Trustees have been paid any remuneration or received any other Benefit5
from an Employment within the Charities or a related entity, and no Trustee Expenses
have been incufred.
3. Mana
ement ondAdministrution
The Management and Administration Expenditure is mainly comprised of Fees Payable
to Westminster City Council for the day-to-day administration of the Charities and

ongoing support to the Trustees l£ll,0001, Accounting and Financial Advice provided to
the Trustees1£4,5691, the Audit of Annual Accounts1£6001 and Miscellaneous Expenses
(£2731. The Expenditure is allocated to fund5 on the basis of Investment Income.
4. Pensions
A Pension 15 paid to up-to elderly Paddington Residents In Need. Nominations to the
scheme are made by Age UK. The Annual Amount was £100 plus a Christmas Bonus of
£150.
5. Annual Grants to Schools
Grants are made to the Voluntary Aided or Special Arrangement Church of England
Schools in Paddington towards the Purchase of Sites, Building Works, or Alterations and
Repairs. Grants of £73,550 for 2024 were apportioned to eight Schools on the basis of
the number of Paddington Pupils on each School Roll.
6. Grants to Or
anisotions
Grants are made to Organisations operating with Paddington. These Activities and
Outings for Youth and Children. A grant was also made to Age UK for Christmas Lunches.
7. Grants to Individuals
Grants are made at the discretion of the Trustees to assist the Individuals in furthering
their Education or in meeting Welfare Needs for the purchase of Furniture and
Household Equipment.
8. Trans
ers between Funds
The Net Annual Income of the Charitable Estate is transferred to the Education Fund
Ifour-fifthsl and the Relief in Need Charity lone fifth) in accordance with the Scheme
approved by the Chairty Commission.

NOTES TO THE BALANCE SHEET
9. Listed Investments
The Listed Investments are shown at Market Value and Categorised as follows:
2024
2023
Multi-Asset Funds
Property
Total Market Value
3,060,745
204,896
3,265,641
2,701,220
338,161
3,039,381
The Hlstoric Cost of these Investments was £2.717,13012023: £2,911,3761.
The Permanent Endowments included above are as follows:
2024
2023
Charitable Estates
Relief in Need
2,507,090
85,787
2,592,877
2,281,682
85,385
00
2,367,067
10. Funds
The Analysis of Fund Balances are as follows:
Charitable
Estates
Education
Fund
Relief In
Need
Total
Funds
Balances at 01.01.2024
Increase in Investment Values
Reduction in Current Balance
Decrease in Bond Values
2.295,812
225,616
130,8801
iioii
2,490,447
629,731
267
11,8971
251.857
377
1693}
3,177,400
226,260
133,4701
iioii
251,541 3,370,089
Balances at 31.IZ.2024
628,101
11. Sund Debtors
Sundry Debtors arises from an Overpayment of Grant- £72,000.
12. Current Liobilities- Creditors
Consists of:
l. Uncleared Cheques £ 12,470
2. Accruals
£ 29,744