PADDINGTON CHARITABLE ESTATES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" DECEMBER 2025
THE PADDINGTON CHARITIES These Accounts relate to the Paddin£ton Charitable Estate (Charity No.212102), the Paddington CharStable Estates Educatlonal Fund (Charlty No. 312347) and the Paddingto Relief in Need Charity (Charity No.810132). These three Charities are distinrt in terms of thelr beneficiaries but are managed by one Board of Trustees. The Paddinzton Charitable Estate is an endowment Charity providin£ 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, Paddlngton Charitable Estates Education Fund, and Paddin£ton Relief in Need Charity) are administered to£ether for the support of organisations and individuals In the Old Padd7ngton Borough In the areas of education and welfare. With the dissolution of the Paddin2ton Borou2h and its incorporation into the new City and Borough of Westmlnsrer various funds were ret2ined and today are invested to continue the charitable purposes that were previously administered by the borou£h of Paddington. These funds are made up of previous public funds and welfare charitles associated with the Parish churches of Paddington. This inheritance is today expressed in govefrknce" trustees being nominated by Westminster City Council and the Incumbents of Parish Churches In the old borough and today's area of benefit. In 2025 Trustees adopted the accrual-based accounting policy which means matching our expenditure to the same accounting period as income is received. The benefits of adopting this means a more accurate financial picture and compliance with UK GAAP and SORP principles. This will enhance our decision making and fund allocations. An implication of this is an increase in finance and administration costs for both the Clerking Service and the Audit Fee. the 2025 Cost being payable in 2026. In 2025 a depreciation policy for the purchase of the Charity's Laptop (purchased in 2024) was also agreed. In addition to the relief in need for immediate aid payments, welfare grants, penslons and grants to schools the following organisations were supported: At The Bus, to assist with arc session for school chiiar-:: Westminster children's University (Forest School) The Mosaic Community TrusL to support unemployed BAME mothers Real action Ltd, to assist with butterfly reading programme and exercise books. Queens Park primary schooll and Westminster Children's University Queens Park Bangladesh Association The Avenues Youth Project, to assist with half term October activities 27-31 October 2025 The 6th East Paddlngton Brownies
The Chinese information and adyice centre Age UK We5ttrtinster Having committed some payments over No financial years Trustees are aware of the need to ensure funds are in place during a calendar year to meet expectations, however it is becoming clear that we may in the future commit to funding only a percentage of the amount requested in applications wh71st advising on other sources of income. The Reverend David Ackerman Chairman July 2026 APPROVED BY THE TRUSTEES ON WEDNESDAY, 4" NOVEMBER 2026, SIGNED .....................................-................ . Chairman of the Board of Trustees
PARKER BIRCH 23 St Petsrs Road Great Yarmouth, Norfolk NR3038Q The Trusteès of the Paddington Charilable Estatès Clo Mr R Sivain-Johnson 4 Lanhill road Maida Vale London W9 2BP 27 July 2026 Dear Slrs PADDINGTON CHARITABLE ESTATES AND PADDINGTON WELFARE CHARITIES I have reviewed the books and records maintained by the Trustees and have completed th8 following audit t8Sts on the transactions- (a) a sample of 40 cheque payments was taken. Each payment Was vouched to SLlPPOrting documentation and the posting in the nominal ledger was verrfied., (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., (c) th8 trial balanc8 was ch8ck8d to the nominal18dg8r' (d) the figurès in the accounts prepared wer& agreed to the trial balance; (e) balanc8 8h88t items w6r6 ch6ck8d to supporting documentation; (f) cash payments and receipts were totalled and agreed to the reconciled bank balances shown in th6 accounts at 31 December 2025 (g> minutes of the Trusteeg Meetings were èxamined. Based on this r6Vi6w and the audit t8Sts complet8d, I would conclude that th8 Statement of Accounts is a true and fair representation of the transactions of the Paddington Charitable Estates and Paddington Welfare Charities for the year 8nded 31 December 2025. If you have any queries on this matter, please contact me on 07880 307838. Yours faithfully Nick Parker NICK PARKER FCA
PADDINGTON CHARITABLE ESTATES STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" DECEMBER 2025 Detalls Notes Charltable Estates (Endowment) Education Fund Relief in Need (Part of Endowment) INCOME Dividends and Interest TOTAL INCOME 101.529 101,529 20,827 20,827 7,810 7,810 EXPENDITURE Management and Administration Food Coupons Pensions Annual Grants to Schools 22.881 4,693 1,760 16,150 75,001 26,900 6,764 Grants to Ofganisations Grants to Individuals Grants for Immediate Aid TOTAL EXPENDITURE 7,200 1,663 10,800 37,573 22,881 113,358 NET INCOMEI (EXPENDITURE) 78.648 192.531) 129,7631 Transfers between Funds Net Purchase5 and Sales of Investments Balance brought forward at 01.01.2025 Balance carried forward at 31.12.2025 178,6481 62.918 15,730 14,130 53,655 122,4971 14,130 24.042 (36,530)
PADDINGTON CHARITABLE EsfATES CONSOLIDATED BALANCE SHEET FOR THE YEAR ENDED 31" DECEMBER 2025 2025 2024 FIXED ASSETS Investments at Market Value Listed Investments 3,481,508 3,265,641 CURRENT ASSETS Sundry Debtors Computers Short-term Deposits: Cazenove li 13 72,000 524 393 COIF Black Rock Charlties UK Bond Fund M & G Charlbond Cash at 8ank- Royal Bank of Scotland Cash at Bank- Barclays Cash in Hand 29,872 10,050 28,647 9,898 1,463 9,227 24,853 50 34.028 26,837 101.185 155,802) 45.383 146,662 142,214) 104,448 Less: Current Liabilities- Creditors NET CURRENT ASSETS 12 TOTAL ASSETS LESS CURRENT LIABIUTIES 3,526,891 3,370,089 FUNDS Charitable Estates Education Fund Relief in Need io 2,643.673 631,154 252,064 3,526,891 2,490.447 628,101 251.541 3,370,089
PADDINGTON CHARITABLE ESTATES CONSOLIDATED CASHFLOW STATEMENT FOR THE YEAR ENDING sr 31 DECEMBER 2025 2025 Net Cashflow from Operating Activities: Net Expenditure per Statement of Financial Activities Increase in Creditors Decrease in Debtors Decrease in Assets Investing Activities: Withdrawal-cash 1,642 13,588 72,000 11311 Net Purchase and Sale of Investments Decrease of Value of Deposlts Increase in Cash and Cash Equivalents {as shown) 159,2651 {1,4631 26,371 2025 2024 Change Short Term Deposits Cash at Bank Cash in Hand 39,922 60.865 40,291 34,080 50 13691 26,785 100,792 74,421 26.371 Cash and Cash Equivalents as at 31, December 2024 Cash and Cash Equivalents as at 31st December 2025 74.421 100,792
PADDINGTON CHARITABLE ESTATES NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025 GENERAL These Accounts relate to the Paddington Charitable Estate Icharity No.2121021, the Paddington Charitable Estates Educational Fund (Charity No. 3123471 and the Paddington Relief in Need Charity Icharity No.8101321. These three Charities are distinct in terms of their beneficiaries but are malla8ed by one Board of Trustees. The Paddington Charitable Estate is an endowment Charity providing Income for the Educational Fund and Relief in Need Charityes. The Paddington Charitable Estates Educational Fund Incorporates the former Miss Hawkins Woodfield Foundation. ACCOUNTING POLI The Accounts comply with the Ststement of Recommended Practice ISORPI on Accountin8 and Reporting applicable to Charities, issued by the Charity Commission, and provlding guidance on how to apply the Financial Reporting Standard (FRSI. The Account5 comprise of- A Statement of Financial Activities for the year that shows all Investment Income to the Charit(es and all Expenditure incurred, being mainly Brants to OrBanisations 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 8eneral financial position is contained in the Annual Report which should be read in conlunction with the Accounts. Listed Investments are shown In the Balance Sheet at Market Value, and the Notes to the Accounts show the Origlnal Cost lor 8ook Value) of these Investments. The only Tangible Asset recorded is a Laptop Computer used exclusively by the Padding Charitable Estate's Treasurer/Accountin8. Computers are held at Net Book Value and is depreciated at a rate of 25% per annum usingthe Straight-Line Method. Sums due to or from the Charities are recorded at the time they become due or payable.
PADDINGTON CHARITABLE ESTATES NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025 NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31" DECEMBER 2025 l. Income The comparison of Income for all Funds with the previous Financial Year is as follows.. Total Funds 2025 2024 Dlvldends and Interest Multi-Asset Funds Property Bonds 136,390 482 1,090 137,962 7,796 130,166 125.597 16,267 2,908 144,722 7,570 137,202 Less.- Management Fees Total Dlvldends and Interest endlture The eomparison of Expenditure for all Funds wlth the previous Financial Year 15 as follows: Total Funds 2025 2024 Management and Administration Food Coupons Pension5 Grants to Schools Grants to Organisations Grants to Individuals Grants for Immediate Aid 29,334 16,442 5,405 11,500 73,550 38,358 13,823 44,919 16,150 75,001 34,100 8,427 10.800 Total Expendlture 173,812 203,997 None of the Trustees have been paid any remuneration or received any other Benefits from an Employment within the Charities or a related entity, and no Trustee Expenses have been incurred.
PADDINGTON CHARITABLE ESTATES NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025 NOTES TO THE FINANCIAL ACTIVITIES (continued) 3. Mana ement andAdmlnistrotion The Management and Administration Expenditure is mainly comprised of Fees Payable to Westminster City Councll for the day-to-day administration of the Charities and ongoing support to the Trustee51£22,6601 Accounting and Financial Advice provided to the Trustees1£4,9441, the Audit of Annual Accounts l£1,3701 ** and Miscellaneous Expenses1£3601. The Expenditure Is allocated to funds on the basis of Investment Income. °Includes 2024 Fee of £11,000 & ' Includes 2024 Fee of £670. 4. Pensions A Pension is paid to up-to elderly Paddington Residents in Need. Nominations to the scheme are made by A8e UK. The Annual Amount was £150 plus a Christmas Bonus of £200. 5. Annual Gra stosch ol 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 £75,001 for 2025 were apportioned to eight Schools on the basis of the number of Paddington Pupils on each School Roll. 6. Grants to Or unisations Grants are made to Organi5ations operating with Paddington. The 2025 Activities and Outings included the Westminster and Queen's Park Primary Children's Universities, the Avenues Youth Club and the 6th East Paddington Brownies. A grant was also made to Age UK for Christmas Activities, the Butterfly Readin8 Prosramme and the Autumn Festival at the Chinese Information & Advice Centre. 7. Grants to Indlvlduols Grant5 are made at the discretion of the Trustees to assist the Individuals in furthering their Education, includingthe need for a School Uniform and SwimminB Lessons. We also meet Welfare Needs for the purchase of Furniture and Household Equipment.
PADDINGTON CHARITABLE ESTATES NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025 NOTES TO THE FINANCIAL ACTIVITIES (continued) 8. Trans erg between Funds The Net Annual Income of the Charitable Estate is transferred to the EduCaOn Fund Ifour-fifthsl £ and the Relief in Need Charity lone fifth) in accordance with the Scheme approved by the Chairty Commission. 9. Llsted Investments The Listed Investments are shown at Market Value and Categorised as follows: 2025 2024 Multi-Asset Funds Property Total Market Value 3,336,258 145,250 3,481,508 3,060,745 204,896 3,265,641 The Hlstorlt Cost of these Investments was £2,789,11712024'. £2,717,130). The Permanent Endowments included above are as follows: 2025 2024 Charitable Estates Relief in Need 2,592,034 223.588 2,507,090 85,787 2,815,622 2,592,877 10. Funds The Analysls of Fund Balances are as follows: Charitable Estates Education Fund Rellef in Need Total Funds Balances at 01.01.2024 Increase in Investment Values Reduction in Current Balance Decrease in Bond Values 2.490,447 192,327 (29,0561 {10,0451 2,643,673 628,101 16,903 {7,6761 {6,1741 631.154 251,541 3,370.089 6.637 215,867 {3,4731 {40,205} 12,6411 118,860} 252,064 3.526,891 Balances at 31.12.2024
PADDINGTON CHARITABLE ESTATES NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025 NOTES TO THE FINANCIAL ACTIVITIES (continued) 11. Sundr Debtors SLsndry Debtors arises from an Overpayment of Grant- £O.0012024- £72,000). 12. Current Liabilitie5- Creditors Consists of: l. Uncleared Cheques £ 21,871 2. Accruals £ 33,931 13. Flxed Assets The Only Tangible Asset Class is Laptop Computer. Computers are depreciated using the 'straight-line method, at 25% per annum. Asset aass Cost Price Attumulated Depreclatlon 2025 Net Book Value 2024 Net Book Value Computers (Laptop) 524 131 393 524 524 131 393 524