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2024-08-31-accounts

The London Welsh Centre Trust (a Company Limited by Guarantee)

Annual Report and Consolidated Financial Statements

For the Year ended 31[st] August 2024

CharityRegistration Number 232672
CompanyNumber 00774093

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Company Information

Directors and Trustees

The following individuals have acted as Directors and Trustees of the organisation the London Welsh Centre Trust for the purposes of charity law during the year, or have been appointed or retired since the end of the financial year:

Richard Saunders Chair of Trustees
Hannah Roberts Hon Treasurer
David Daniel
Jonathon Poyner Retired 21stNovember 2024
Peter Allen
Richard Williams
Paul Wright
Susan Elan Jones
Harriet Johnson Retired 17thNovember 2024
Charlotte Lythgoe
Gareth Headon Appointed 2ndOctober 2023
Rhiannon George-Carey Appointed 19thFebruary2024
Company Secretary Rhiannon Evans
Chief Executive Officer Ceri Wyn Griffith
Company Number 00774093
Charity Registration number 232672
Registered Office 157-163 Grays Inn Road
London
WC1 X 8UE
Business Address 157-163 Grays Inn Road
London
WC1 X 8UE
Accountants Z Group
Suite Lu.231 The Lightbulb
1 Filament Walk
Wandsworth
London
SW18 4GQ
Bankers Barclays Bank Plc
CharityAid Foundation Bank

2

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Report Content

Report of the Trustees and Directors

Report of the Trustees and Directors
1 Objectives and Vision
2 Structure,Governance and Management
3 Achievements and Performance
-
Achievements in theyear
-
Financial Review
4 Future Plans
5 Reserves Policy
6 Public Beneft Statement
7 Trustee Responsibilities
8 Risk Management

Independent Examiner’s Report

Consolidated Statement of Financial Activities (including Income and Expenditure Account)

Balance Sheet

Notes forming part of the financial statements

1 AccountingPolicies
Income
2 -
Donations and legacies
3 -
Charitable activities
4 -
Tradingactivities
Expenditure
5 -
Cost of tradingactivities
6 -
Cost of raisingFunds
7 -
Cost of charitable activities
8 -
Governance costs
9 -
Support and Staff Costs
10 Tangible Fixed Assets
11 Debtors
12 Cash at bank and in hand
13 Creditors
14 Movements in funds
15 Relatedpartyrelationships and transactions
16 Constitution and ultimateparent company
17 Operatingsurplus/(deficit)

3

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Directors and Trustees Annual Report

The Trustees are pleased to present their report together with the financial statements of the charity (the London Welsh Centre Trust) and its subsidiary (the London Welsh Centre Limited) (the Group), for the year ending 31st August 2024 which are also prepared to meet the requirements for the directors report and accounts for Companies Act purposes.

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of association and the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2015).

1. Objectives & Vision for the Charity

The London Welsh Centre Trust is a registered charity operating as the London Welsh Centre (LWC). The objects of the charity are to provide an educational and cultural centre in or near London to:

The Trust delivers its objects through providing a building for the Welsh community and the wider public in London to experience and participate in community and cultural activities with a Welsh flavour. The trading activities of the Centre are administered through its wholly owned subsidiary, The London Welsh Centre Ltd. (LWCL).

The Trustees and staff have a vision that shapes the delivery of the objects - to be a home for the Welsh community in London, to be a window to Wales for the people of London, and to be a platform in London for artists and performers from Wales. "Sharing the best of Wales in London". The LWC hosts, supports, promotes and facilitates Welsh social and cultural activities in London as well as opening up the facilities to be used by the general public in Camden and beyond.

In shaping our objectives for the year and planning our cultural programme, the Trustees have considered the Charity Commission's guidance on public benefit. The activities hosted or facilitated by the Centre have been accessible to all and have been broad-ranging in content.

2. Structure, governance and management

Governing Document

'The London Welsh Centre Trust (formally the London Welsh Trust) (LWCT) was incorporated on 16th September 1963. LWCT is a company limited by guarantee registered under the Companies Acts and a charity registered with the Charity Commission . The most recent version of the Articles of Association of the LWCT were adopted by the members by a special resolution dated 11th June 2012.

'LWCT is the sole trustee (appointed by the Charity Commission) of the Sir Howell Jones Williams Trust, the organisation that owns the freehold of the building known as the London Welsh Centre.

4

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

The LWCT is governed by the board of Trustees. The day to day management of the LWCT and the London Welsh Centre is delegated by the Trustees to the staff of the Centre led by the Chief Executive Officer.

The London Welsh Centre Trust wholly owns a trading subsidiary, London Welsh Centre Limited. The company is incorporated in the United Kingdom (Company number 00204686). The company operates any commercial aspects of the business carried out at the London Welsh Centre, such as bar and catering and room hire. Surplus funds from this business are passed to the charity to support the charitable objectives. A summary of the subsidiary finances is included in the notes to the accounts.

Appointment of Trustees

'It is a policy of the LWCT to ensure that the Trustees appointed include mature individuals with experience of holding responsible positions

Organisational Management

'The board of Trustees is legally responsible for the overall management of the Group. It meets regularly, at least four times per year, receiving reports from the CEO, the Finance Committee, the Premises Committee and board members with particular responsibilities.

'The Finance Committee meets regularly, to undertake reviews of the Centre's finances and financial management. They are responsible to the board of Trustees for financial matters, for co-ordination of the activities of the Group, management of staff and for any other matter delegated by the board of Trustees.

'The Premises Committee meets regularly to consider the condition and use of the building at 157163 Grays Inn Road. They are responsible to the board for the state of repair of the building, as well as security, health and safety and legal and statutory requirements associated with the building.

'The Chief Executive Officer (CEO) is appointed by the Trustees to manage the day to day operations of the Centre. The CEO has delegated authority, for operational matters and is responsible for the general management of the centre. The CEO has the authority to act without reference to the board of Trustees in matters of urgency relating to the Centre, but must provide full reports of actions to the board of Trustees.

'The financial authorities of the CEO, Executive Officer roles and the Finance Committee are set out in the Group Financial Policies and Procedures.

'None of the Trustees receives remuneration or other benefit from their work as Trustees with the Group.

5

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

3. Achievements and Performance

3.1. Achievements and Activity in the Year

Welsh Classes

The London Welsh Centre continued to deliver a strong and inclusive programme of Welsh language classes throughout 2023–24. A total of nine weekly classes were offered across all levels—from absolute beginners to proficiency—serving learners both online and in-person. The Centre also ran additional One Day Welsh sessions, creating accessible entry points for new learners and flexible opportunities for refresher learning.

The autumn term launched with 130 students already registered, and by the end of the year, over 270 individual learners had participated in our programme. Retention remained high across terms, with consistently positive feedback. A number of learners progressed through multiple levels during the year, demonstrating the value and effectiveness of the structured pathway offered.

Income from Welsh classes reached its highest-ever level this year, contributing significantly to the charity’s unrestricted funds. Class administration, customer communication, and timetable planning were further streamlined, thanks in part to improvements in the Centre’s digital systems.

As the only regular provider of Welsh language education in London and the South East, the Centre continues to play a crucial role in promoting and sustaining the language beyond Wales.

Events and Cultural Programme

In 2023–24, the London Welsh Centre maintained its position as a leading cultural home for Welsh life in London, delivering a wide-ranging and accessible events programme that spanned the arts, sport, heritage, and community.

The Centre hosted flagship events marking key moments in the Welsh calendar including Santes Dwynwen Day, St David’s Day, Y Fari Lwyd, and the Nine Lessons and Carols service, reinforcing its role as a focal point for the diaspora community. The St David’s Day celebration in particular saw the Centre animated with performances, choirs, DJs, and a strong turnout across generations.

Throughout the year, the Centre delivered a curated mix of events, from film screenings and bilingual theatre productions to comedy nights, book launches, live gigs, and spoken word. Regular series such as Cartref yn y Ddinas , a monthly Welsh-language scratch night, helped platform emerging artists and encourage cultural participation.

Wales Week in London featured a packed calendar of events, with twelve events taking place at the Centre. Collaborations with organisations including Amgueddfa Cymru , and Literature Wales elevated the profile and quality of activity during this nationally recognised festival.

The Centre also remained a gathering place for Welsh sports fans, with well-attended screenings of major football and rugby fixtures. During the 2023 Rugby World Cup, bar events drew strong numbers, including 280 pre-sales for the Wales–Australia match alone.

Commercial and private events—such as wedding receptions, AGMs, and corporate bookings— added to the diverse use of the space, while creative offers supported steady bar footfall during quieter summer months.

6

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

All cultural programming was delivered with a commitment to bilingualism, affordability, and inclusivity—making Welsh culture visible, accessible, and proudly present in the heart of London.

Resident Groups & Community Activity

The Centre continued to serve as a vital home for Welsh-speaking and Wales-facing groups in London. Three resident choirs - Chorale, Gwalia Male Choir, London Welsh Male Voice Choir - rehearsed weekly at the Centre, regularly performing at community and national events. The choirs showed flexibility and cooperation throughout periods of building works and high demand for room bookings, helping the Centre balance its charitable and commercial commitments.

Regular community groups also remained active throughout the year. Merched y Wawr Llundain held monthly meetings, supporting Welsh-speaking women through culture, conversation, and heritage-sharing. The Clwb Darllen (Reading Club) and Cylch Siarad (Conversation Circle) provided welcoming, informal spaces for language practice and discussion—particularly valued by learners and new arrivals to London.

The Centre also offered low-cost access to space for Welsh charities, musicians, campaigners, and community organisers. This included rehearsal and meeting space for smaller organisations, and co-hosting one-off events of cultural or social value. By supporting a mix of regular, resident, and ad hoc community users, the Centre upheld its founding aim of being a shared, living space for all expressions of Welsh life in London.

Room Hire and Partnerships

Room hire remained a vital source of unrestricted income for the London Welsh Centre during 2023–24, with a diverse range of cultural, educational, and commercial clients making use of the Centre’s flexible spaces. The year saw particularly significant bookings from Guildhall School of Music & Drama, using the Centre extensively for rehearsals and performance assessments. Other major hirers included Chichester Festival Theatre, Finally Here Productions, and The Walt Disney Company Ltd, whose bookings reflected the Centre’s growing appeal as a venue for professional creative development and production work.

This robust income stream was further supported by long-standing relationships and repeat bookings from clients across theatre, television, education, and the arts. The Centre’s ability to host a broad mix of rehearsals, castings, workshops and meetings—often accommodating lastminute or high-value requests—contributed directly to financial resilience and underpinned charitable delivery.

Website & Magazine

Following its relaunch the previous year, the London Welsh Centre’s website continued to evolve in 2023–24, providing a modern platform that improved the user experience for learners, supporters, and event attendees.

Throughout the year, Centre staff worked on optimising backend systems to improve event listings, class sign-ups and room hire enquiries. A digital gift voucher system was successfully introduced in November 2023, further expanding the site’s functionality.

By May 2024, the Centre had seen a 20% increase in newsletter sign-ups, reflecting both a rise in visitor engagement and more consistent outreach.

7

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

The London Welsh Magazine was again produced quarterly, with four editions delivered across the year. Run by a dedicated editorial team of volunteers, the magazine included interviews, features, opinion pieces and cultural listings - offering a unique perspective on Welsh life in London. Distributed both digitally and in print, it remains a valued part of the Centre’s identity, championing creative voices and grassroots storytelling from across the community.

Premises

The 2023–24 financial year marked the successful delivery of Phase 2 of the Centre’s renovation plan, focused on improving toilet provision and accessibility.

A contract was awarded to BSPS in October 2023 following a competitive tender process overseen by architect Jonathan Adams. The works included the installation of three new toilets and an accessible facility in the south corridor. Despite some delays and operational disruption— particularly during the busy Six Nations period—the project was completed in March 2024.

These upgrades significantly improve the Centre’s usability and visitor experience, while preserving lettable space. Staff and resident groups demonstrated flexibility throughout, allowing operations to continue in parallel where possible.

Further refurbishment needs were identified during the year, particularly affecting the older male and female toilets. Initial planning for these works has begun, subject to available funds.

Complementary improvements included the installation of new stage lighting and drapes in the Main Hall, enhancing the Centre’s events offer.

A long-term premises investment plan was outlined during the year, supported by a costed estimates spreadsheet, identifying the scope and scale of capital works required to maintain and enhance the building over the next five years. The Trustees are committed to managing these needs alongside financial prudence and operational continuity.

3.2. Financial Review

Total consolidated Income for the year of £ 526,032 and expenditure of £ 520,317 gave The London Welsh Centre Group a surplus of £ 5,715 for the year ended August 2024. This is an achievement when taking into account the delivery of phase 2 of the Centre’s renovation plan. As always this progress at the centre is due to commitment and dedication from all the centre staff, under the sound leadership of the Chief Executive Officer (CEO).

Subscription donations of £38,255 (22-23 £39,192) are slightly down but this is still well ahead of previous years.

Welsh Classes Income of £42,980 (22-23 £39,750) is a further improvement on previous years. The direct cost surplus, excluding support costs, has also increased slightly to £29,809 (22-23 £28,375).

Functions net surplus of £25,372 (22-23 £31,390) was down on last year. But the Bar net surplus increased to £86,995 (22-23 £83,278)

The Room hire income continued to increase to £247,541 (22-23 £243,493). An excellent result from a team dedicated to providing a very special service to hirers.

8

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Staffing is the major regular cost for the Centre and continued to increase to £291,160 (22-23 £247,487). However, it is the staff who drive the success of the charitable activities and the trading aspects of the Centre, which then further supports the Charitable Activity.

Once again there was a significant increase in the total support costs of the centre £137,649 (2223 £129,463). A number of costs increased again, e.g. repairs & maintenance and depreciation of works done; cleaning and insurance, but some areas decreased e.g. Utilities, bank charges and sundries.

It is a difficult balancing act, staffing and maintaining the Centre at Gray Inn Road day to day and preparing for more major works to the ageing building e.g. the front facade and the roof.

The London Welsh Centre Limited (LWCL) made an operating profit in the year of £77,289 (2223 £98,858) . Thus a donation of £82,213 (22-23 £96,405) has been made to the London Welsh Centre Trust (LWCT).

A salary benchmarking exercise was carried out against the charitable section and hospitality sector to check salary banding. Salaries were increased taking into account the London Living wage and inflation.

4. Future Plans

The Staff and trustees have begun exploring the medium to long term future for the Centre through a series of Strategy days. Some exiting different and wide ranging ideas and directions have been raised. These will be explored further as the year progresses and potential themes and practicalities considered.

The next phases of building renovation work over the next 3 to 5 years will be planned covering both external works and further internal work. External sources of funding will however need to be obtained for the larger projects, particularly if the installation of a lift becomes possible.

5. Reserves Policy

The level of reserves is reviewed annually. it is also considered prior to committing to any major project works .

At the end of the year the Group had combined funds of £518,308, (2023 £512,594) of which £20,064 is restricted (2023 £20,064). The restricted funds are expected to be used in the coming year to address plumbing issues and explore plans for fundraising.

At the start of September 2024 the net current assets held were £233,265 (22-23 £355,742). Less the £20,064 restricted funds gives £213,201 (22-23 £335,678). This is equivalent to 5.4 months of expenditure relative to the 23-24 year. There are no designated funds at end of year.

The Trustees must therefore consider very carefully the financial stability of the centre, before progressing with further major work till more funds are available.

6. Public Benefit Statement

Public Benefit Requirement: The Trustees had due regard to the guidance published by the Charities Commission in compliance with its duties under section 4 of the Charities Act 2011.

9

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

This guidance sets out two key principles:

  1. The organisation must have an identifiable benefit.

  2. The benefit must be to the public or a section of the public

The Trustees confirm that the LWC carries out its objectives for public benefit. The LWC continues to ensure that the Centre is fully or partially open to the public throughout the year during normal office hours.

During the year the Centre holds numerous events promoting musical, literary and artistic appreciation, including concerts, book launches, exhibition. Many of these events are free of charge and the vast majority are open to the public. The purpose of these events is the advancement of arts, culture and heritage.

The LWC from time to time holds open days or evenings at the centre, when the public are particularly encouraged to come into the centre to learn about its activities, the Welsh language and culture.

The Trustees ensure that the Centre delivers events of a Welsh cultural and educational nature. The Centre continues to offer preferential rates for hiring of its spaces to local community groups and charities to ensure that the Centre's facilities are supporting the advancement of community development.

7. Trustees responsibilities in relation to financial statements

The Trustees are responsible for preparing the Trustee's annual report and financial statements in accordance with the applicable law and United Kingdom standards (UK GAAP).

Company law and the law applicable to charities in England and Wales require charity Trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the Group and of the Incoming resources and application of resources including the income and expenditure of the Group for that period. In preparing the financial statements the Trustees are required to:

The Trustees are responsible for ensuring that sufficient accounting records are kept which disclose with reasonable accuracy at any time the financial position of the group and enables them to ensure that the financial statements comply with the law and requirements of the Charity Commission.

They are also responsible for safeguarding the assets of the LWC and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

10

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

8. Risk Management

The Trustees consider the maintenance of a safe environment for staff, subscribers and customers of the Centre to be their primary duty. The Trustees will continue to assess and manage any risks related to the Centre building or operations through regular risk assessments by staff, with results reported to the Trustees by the CEO.

Guidance and rules have been thoroughly researched to determine effective processes required to maintain the safety of all staff and users of the London Centre in relation to Covid-19. Risks have been evaluated, and continue to be so as different situations occur. Procedures and appropriate briefings are established for each type of event held at the Centre, ensuring all those impacted are adequately informed.

The key risk management tools used by the Trustees include:

A Risk Register has been agreed by the Trustee Board. The register documents the various risks considered by the Trustees to be facing the organisation, the potential impact of those risks and the likelihood of the issues happening. It is reviewed annually. This register has been enhanced to provide a more usable matrix, making it easier for potential risks to be highlighted.

Report Approval

23rd June 2025

The report was approved by the trustees on ………………………… and signed on their behalf by

……………………………………..

Richard Saunders (Chairman)

11

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Independent Examiner’s Report to the Trustees of the London Welsh Centre

I report on the accounts of the charity for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and related notes 1 to 17

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed

It is my responsibility to:

Basis of Independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements.

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Zahid Hussein For and on behalf of Z Group Chartered Accountants Suite Lu.231 The Lightbulb 1 Filament Walk, Wandsworth London SW18 4GQ

12

The London Welsh Centre Trust (a Company Limited by Guarantee)

Consolidated Financial Statements

For the year ended 31 August 2024

Charity - Registration number 232672 Company Number 00774093

Page 1

The London Welsh Centre Trust

Independent Examiners's Report to the Trustees of the London Welsh Centre Trust

I report on the accounts of the charity for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and related notes 1 to 17

Respective responsibilites of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed

It is my responsibility to:

Basis of Independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commision. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

have not been met; or

Zahid Hussein

For and on behalf of Z Group Chartered Accountants Suite Lu.231 The Lightbulb 1 Filament Walk, Wandsworth London SW18 4GQ

Dated: 23 June 2025

Page 2

The London Welsh Centre Trust

Consolidated Statement of Financial Activities

(including consolidated income and expenditure account)

For the year ended 31 August 2024

For the year ended 31 August 2024
**Unrestricted ** Restricted **Total Funds ** Total Funds
Note Funds Funds 2024 2023
£ £ £ £
Income:
Incoming resources from donations and legacies 2 54,875 - 54,875 51,977
Income from charitable activities 3 77,710 - 77,710 81,345
Investment income 5,443 - 5,443 2,360
Income from trading activities 4 388,004 - 388,004 381,321
Total income 526,032 - 526,032 517,002
Expenditure:
Cost of trading activities 5 307,585 307,585 280,725
Cost of raising funds 6 26,311 26,311 31,518
Cost of Charitable activities 7 168,855 168,855 143,984
Governance Costs 8 17,566 17,566 14,836
Total expenditure 520,317 - 520,317 471,063
Net income/(expenditure) 5,715 - 5,715 45,939
Reconciliation of Funds
Total funds brought forward 492,528 20,064 512,592 466,654
Total funds carried forward 498,244 20,064 518,308 512,592

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derived from continuing activities.

Page 3

The London Welsh Centre Trust

Consolidated Balance Sheet

As at 31 August 2024

Notes
Fixed assets
Tangible assets
10
Current assets
Stock
Debtors
11
Cash at bank and in hand
12
Total current assets
Liabilities
Creditors: falling due within one year
13
Net current assets
Provision for liabilities
Total assets less current liabilities
Funds
14
Unrestricted income funds
Restricted income funds
Total funds		 Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
286,497
159,243
278,844
146,666
286,497
159,243
278,844
146,666
5,726
8,420
916
1,264
57,385
53,825
15,087
116,936
297,503
426,473
242,877
226,121
360,614
488,717
258,880
344,321
127,349
132,977
152,764
33,516
233,265
355,740
106,116
310,805
1,454
2,389
-
-
518,308
512,592
384,960
457,471
498,244
492,528
364,896
437,407
20,064
20,064
20,064
20,064
518,308
512,592
384,960
457,471

For the financial year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities

The accounts have been prepared under the Charities Act 2011 and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) - Charities SORP (FRS 102)).

Approved by the Trustees on 23rd June 2025 …………………………………………………………Richard Saunders, Chairman

…………………………………………………………Hannah Roberts, Treasurer

Company registration number 00774093

The attached notes form part of these accounts

Page 4

The London Welsh Centre Trust Notes on the accounts For the year ended 31 August 2024

Accounting Convention

The financial statements are prepared under the historical cost convention and include the results of the charities operations which are described in the Trustees Report and all of which are continuing. The accounts have been prepared under the Charities Act 2011 and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective January 2015) - Charities SORP (FRS 102)).

Income

Incoming resources from donations and legacies are accounted for on a receipts basis. Income from hall and room hire is recognised when the letting occurs. Income received in advance is carried forward as deferred income.

Income from bar and food sales is stated net of VAT and is recognised when the goods are served to the customer.

Expenditure

Resources expended are included on an accruals basis.

For the charity "London Welsh Centre Trust", resources expended include attributable VAT which cannot be recovered.

Support Costs

Support costs relating to the trading activity are based on actual figures. Other support costs are allocated between charitable activities and cost of raising funds based on the percentage of staff costs relating to those activities.

Fund accounting

Unrestricted funds are general funds that are available for use to further any of the purposes of the charity.

Designated funds are funds that the Trustees of the charity have set aside for a particular purpose. Restricted funds are those donated for use in a particular area or purpose and the restriction means that the funds can only be used for specific projects or activities.

Tangible fixed assets and depreciation

g p p p

to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Group Accounts

The company and its subsidiary undertaking comprise a small -sized group.

Stock

Stock is included at the lower of cost and net realisable value.

Page 5

Notes on the accounts

The London Welsh Centre Trust

For the year ended 31 August 2024

2
Incoming resources from donations and
Group
Group
Charity
Charity
legacies
2024
2023
2024
2023
£
£
£
£
General Donations & Grants
7,404
4,490
7,404
4,490
Donation from LWCL to LWCT
-
-
82,213
96,405
Subscription donation income
38,255
39,192
38,255
39,192
Gift Aid
9,216
8,295
9,216
8,295
Job Retention Grant - re Raising Funds staff
-
-
-
-
Covid Assistance & Re-Start Grants
-
-
-
-
Support costs from LWCL to LWCT
-
-
-
-
54,875
51,977
137,088
148,382
3
Income from charitable activities
Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
Functions
32,675
39,327
32,675
39,327
Welsh classes
42,980
39,750
42,980
39,750
Merchandising
1,396
2,268
1,396
2,268
Other income
559
-
559
-
Job Retention Grant - re charitable Activities
-
-
-
-
Publications
100
-
100
-
77,710
81,345
77,710
81,345
4
Income from trading activities - from the London Welsh Centre Ltd (subsidiary of the LWT)
4.1 Subsidiary Income statement
2024
2023
Turnover
£
£
£
£
Hall and Room hire
247,541
243,493
Bar & Food Sales
136,332
136,016
Job Retention Grant - re Trading Activites
-
-
Sundry Income
4,131
1,812
Total Turnover
388,004
388,004
381,321
381,321
Direct Cost of sales
(50,231)
(53,632)
Gross Profit
337,773
327,689
Administrative Expenses
(260,489)
(228,831)
Operating Profit before gift to LWT
77,284
98,858
Amount donation to charity LWCT from LWCL
(82,213)
(96,405)
Operating profit/(loss)
(4,929)
2,453
Deposit Account Income
6
2
Tax on profit/(loss)
935
(263)
Profit/(Deficit) in subsidiary
(3,988)
2,192
The wholly owned trading subsidary, London Welsh Centre limited is incorporated in the United Kingdom
(company number 00204686). The company operates the bar and all commercial operations carried on at
the London Welsh Centre Trust premises. A summary of the trading financial performance of the
subsidiary alone is shown below.		 Group
Group
2024
2023
£
£
7,404
4,490
-
-
38,255
39,192
9,216
8,295
-
-
-
-
-
-		 Charity
Charity
2024
2023
£
£
7,404
4,490
82,213
96,405
38,255
39,192
9,216
8,295
-
-
-
-
-
-		 Charity
Charity
2024
2023
£
£
7,404
4,490
82,213
96,405
38,255
39,192
9,216
8,295
-
-
-
-
-
-
54,875
51,977		 137,088
148,382
Charity
Charity
2024
2023
£
£
32,675
39,327
42,980
39,750
1,396
2,268
559
-
-
-
100
-
77,710
81,345
327,689
(228,831)
98,858
(96,405)
2,453
2
(263)
2,192

Page 6

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2024

Expenditure on trading activites shown in the consolidated SOFA comprised:
307,585
280,725
-
-
307,585
280,725
4.2 Subsidiary Balance sheet
2024
2023
£
£
£
£
Tangible fixed assets
7,653
12,576
Current assets
- Bar stock
4,810
7,156
- Debtors
42,298
39,519
- Receivable from LWT
36,175
-
- Cash at bank
54,626
200,355
137,909
247,030
Current liabilities
- Trade creditors
2,310
2,942
- Other creditors
2,508
5,072
- Donation from LWCL to LWCT
82,213
96,405
- Owed to LWT (excluding donation)
-
6,225
- Taxes
562
1,390
- Other Accruals and deferred income
5,380
90,058
(92,972)
(202,092)
Total net assets
52,590
57,513
Provisions for Liabilities
(1,454)
(2,389)
51,135
55,124
Balance at start of year
55,123
52,931
Profit/ loss for the year
(3,988)
2,192
Aggregate share capital and reserves at end of year
51,135
55,123
Group
Group
Charity
Charity
5
Cost of trading activites
2024
2023
2024
2023
£
£
£
£
Direct costs - cost of sales (4.1)
50,231
53,632
-
-
Staff costs (9.2)
194,594
167,947
-
-
Support costs (9.1)
62,760
59,147
-
-
Total cost of trading activites
307,585
280,725
-
-
Costs of sales and administrative expenses (excluding Governance
costs)
Less: intercompany payments (Contribution to shared support
costs)		 Expenditure on trading activites shown in the consolidated SOFA comprised:
307,585
280,725
-
-
307,585
280,725
4.2 Subsidiary Balance sheet
2024
2023
£
£
£
£
Tangible fixed assets
7,653
12,576
Current assets
- Bar stock
4,810
7,156
- Debtors
42,298
39,519
- Receivable from LWT
36,175
-
- Cash at bank
54,626
200,355
137,909
247,030
Current liabilities
- Trade creditors
2,310
2,942
- Other creditors
2,508
5,072
- Donation from LWCL to LWCT
82,213
96,405
- Owed to LWT (excluding donation)
-
6,225
- Taxes
562
1,390
- Other Accruals and deferred income
5,380
90,058
(92,972)
(202,092)
Total net assets
52,590
57,513
Provisions for Liabilities
(1,454)
(2,389)
51,135
55,124
Balance at start of year
55,123
52,931
Profit/ loss for the year
(3,988)
2,192
Aggregate share capital and reserves at end of year
51,135
55,123
Group
Group
Charity
Charity
5
Cost of trading activites
2024
2023
2024
2023
£
£
£
£
Direct costs - cost of sales (4.1)
50,231
53,632
-
-
Staff costs (9.2)
194,594
167,947
-
-
Support costs (9.1)
62,760
59,147
-
-
Total cost of trading activites
307,585
280,725
-
-
Costs of sales and administrative expenses (excluding Governance
costs)
Less: intercompany payments (Contribution to shared support
costs)		 280,725
-
280,725
Charity
2024
£
-
-
-
57,513
(2,389)
55,124
52,931
2,192
55,123
Charity
2023
£

-

-

-
- -

Page 7

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2024

6
Cost of raising Funds
Staff costs (9.2)
Donation - Online collection charges
Support costs (9.1)
Total cost of raising funds
7
Cost of charitable activities
- Staff Costs (9.2)
- Subscription & Donation - Online collection charges
- Functions & fund raising expenses
- Welsh language classes
- Merchandising Costs
- London Welsh Magazine
- Support Costs (9.1)
Total cost of charitable activities
8
Governance Costs
- Staff costs on Goverance (9.2)
- Reporting accountants' fee
- Legal and Professional fees: e.g. HR services
9
Support and Staff costs
9.1 Support costs
- Rates, lighting & heating, water
- Insurance
- Depreciation
- Printing, stationery, telephone, etc.
- Bookkeeping fees
- Bank Charges
- IT Software & Consumables
- Sundries (incl training, advertising, travel, etc.)
- Performing rights
- Cleaning & Waste Disposal
- Audio-Visual Equipment
- Repairs & Maintenance
- Website Development & Maintence
- Major premise works
- Tax on profit for the year
- Bad & Doubtful Debt		 Group
Group
2024
2023
£
£
14,330
17,455
-
-
11,982
14,063
26,311
31,518
2024
2023
£
£
74,013
55,878
609
692
7,303
7,937
13,171
11,375
908
1,142
9,945
10,708
62,906
56,253
168,855
143,984
Group
Group
2024
2023
£
£
8,224
6,209
6,384
5,846
2,958
2,781
17,566
14,836
Group
Group
2024
2023
£
£
19,524
21,931
15,095
13,057
40,982
33,976
4,878
3,915
-
-
2,823
3,622
2,066
1,401
3,236
7,067
1,198
998
25,647
21,916
698
-
21,289
19,258
1,147
2,059
-
-
(935)
263
-
-		 Charity
Charity
2024
2023
£
£
14,330
17,455
11,982
14,063
26,311
31,518
2024
2023
£
£
74,013
55,878
609
692
7,303
7,937
13,171
11,375
908
1,142
9,945
10,708
62,906
56,253
168,855
143,984
Charity
Charity
2024
2023
£
£
8,224
6,209
4,184
3,846
2,958
2,781
15,366
12,836
Charity
Charity
2024
2023
£
£
19,524
21,931
6,140
5,225
36,059
29,213
-
-
-
-
61
61
1,079
1,140
777
1,438
-
-
-
-
10,123
10,188
1,125
1,120
-
-
137,649
129,463		 74,888
70,316

Page 8

Notes on the accounts

The London Welsh Centre Trust

For the year ended 31 August 2024

Support Costs Allocation
Allocation to Trading Activities (5)
Allocation to Cost of Raising Funds (6)
Allocation to Charitable Activities (7)		 Group
Group
2024
2023
£
£
62,760
59,147
11,982
14,063
62,906
56,253
137,648
129,463		 Charity
Charity
2024
2023
£
£
11,982
14,063
62,906
56,253
74,888
70,316

The support costs relating to the trading activities are based on actual figures. Other support costs are allocated between charitable activities and cost of raising funds based on the percentage of staff costs relating to those activities. Revised data analysis is allowing more accurate cost allocation

9.2 Staff Costs
Group
Group
2024
2023
£
£
Salaries
267,127
228,492
Social Security Costs
18,675
14,383
Pension
5,358
4,612
291,160
247,487
Analysis of staff costs on
- Trading Activity (subsidiary) (5)
194,594
167,947
- Raising Funds - Donations, Subscriptions, Legacies
14,330
17,455
- Charitable Activity (7)
74,013
55,878
- Goverance (8)
8,224
6,209
Total staff costs
291,160
247,487
The average number of Staff in the year is
15
12
No individual staff member was paid more than £60,000 in the year.		 Charity
Charity
2024
2023
£
£
88,595
73,436
6,194
4,623
1,777
1,482
96,566
79,541
14,330
17,455
74,013
55,878
8,224
6,209
96,566
79,541
5
2

Page 9

The London Welsh Centre Trust

Notes on accounts for the year ended 31st August 2024

Note

10
Tangible Fixed Assets
Group
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
Cost
£
£
£
£
£
At 1 September 2023
8,400
22,480
290,929
126,784
120,629
569,222
Additions
4,361
-
150,406
14,465
7,404
176,636
(Transfers) / (Disposals)
(8,400)
(8,400)
At 31 August 2024
4,361
22,480
441,335
141,249
128,033
737,458
Depreciation
At 1 September 2023
-
19,961
182,843
115,276
91,899
409,979
Charge for the year
-
939
19,053
7,462
13,528
40,982
At 31 August 2024
-
20,900
201,896
122,738
105,427
450,961
Net Book Value
At 31 August 2024
4,361
1,580
239,439
18,511
22,606
286,497
At 1 September 2023
8,400
2,519
108,086
11,508
28,730
159,243
Charity
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
Cost
£
£
£
£
£
At 1 September 2023
8,400
-
290,929
87,137
103,343
489,809
Additions
4,361
-
150,406
14,465
7,404
176,636
(Transfers) / (Disposals)
(8,400)
-
-
-
-
(8,400)
At 31 August 2024
4,361
-
441,335
101,602
110,747
658,045
Depreciation
At 1 September 2023
-
-
182,843
81,290
79,010
343,143
Charge for the year
-
-
19,053
5,111
11,894
36,058
At 31 August 2024
-
-
201,896
86,401
90,904
379,201
Net Book Value
At 31 August 2024
4,361
-
239,439
15,201
19,843
278,844
At 1 September 2023
8,400
-
108,086
5,847
24,333
146,666
11
Debtors
Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
- Trade debtors
34,844
32,360
-
-
- Amount due from LWCL to LWCT
-
-
-
102,630
- Other accrued Income
-
-
-
-
- Gift Aid Recoverable
9,468
8,386
9,468
8,386
- VAT
-
-
-
-
- Prepayments and other debtors
13,073
13,079
5,619
5,920
57,385
53,825
15,087
116,936		 Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
8,400
22,480
290,929
126,784
120,629
569,222
4,361
-
150,406
14,465
7,404
176,636
(8,400)
(8,400)		 Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
8,400
22,480
290,929
126,784
120,629
569,222
4,361
-
150,406
14,465
7,404
176,636
(8,400)
(8,400)
4,361
22,480
441,335
141,249
128,033
737,458
-
19,961
182,843
115,276
91,899
409,979
-
939
19,053
7,462
13,528
40,982
-
20,900
201,896
122,738
105,427
450,961
4,361
1,580
239,439
18,511
22,606
286,497
8,400
2,519
108,086
11,508
28,730
159,243
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
8,400
-
290,929
87,137
103,343
489,809
4,361
-
150,406
14,465
7,404
176,636
(8,400)
-
-
-
-
(8,400)
4,361
-		 441,335
101,602
110,747
658,045
-
-
-
-		 182,843
81,290
79,010
343,143

19,053
5,111
11,894
36,058
-
-		 201,896
86,401
90,904
379,201
4,361
-		 239,439
15,201
19,843
278,844
8,400
-		 108,086
5,847
24,333
146,666
Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
34,844
32,360
-
-
-
-
-
102,630
-
-
-
-
9,468
8,386
9,468
8,386
-
-
-
-
13,073
13,079
5,619
5,920
57,385
53,825
15,087
116,936

Page 10

The London Welsh Centre Trust

Notes on accounts for the year ended 31st August 2024

12
Cash at Bank & in hand
Current Account - CAF bank
Coif Deposit Account
Current Account - General
Deposit Account
Current Account - Bar & Catering
Cash In Hand
13
Creditors
- Trade creditors
- Other creditors
- Tax
- VAT
- Reporting Accountant's Fee
- Amount due to LWCL from LWT
- Amount due to LWCT from LWL
- Accruals and deferred income
14
Movements in Funds
Restricted Funds - Charity Only
- Fund Raiser for refurbishment
- Main Hall Floor & Other Areas
Total Restricted
Unrestricted Funds
Charity - designated
Charity - undesignated
Subsidiary Funds
Total Unrestricted
Group Total funds		 Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
61,582
124,700
61,582
124,701
180,837
58,158
180,837
58,159
20,061
126,038
274
19,371
636
24,335
184
23,890
34,165
93,096
-
-
222
146
-
-
297,503
426,472
242,877
226,121
Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
4,507
6,683
2,197
3,741
2,648
5,072
140
-
-
5
-
-
562
1,384
-
-
4,620
4,400
2,520
2,400
-
-
118,388
-
-
-
-
-
115,012
115,433
29,519
27,375
127,349
132,977
152,764
33,516
2023
2024
As at
Incoming
Outgoing
Transferred
As at
Start of Year
Resources
Resources Resources
End of Year
£
£
£
£
£
15,064
-
-
-
15,064
5,000
-
-
-
5,000		 Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
61,582
124,700
61,582
124,701
180,837
58,158
180,837
58,159
20,061
126,038
274
19,371
636
24,335
184
23,890
34,165
93,096
-
-
222
146
-
-
297,503
426,472
242,877
226,121
Group
Group
Charity
Charity
2024
2023
2024
2023
£
£
£
£
4,507
6,683
2,197
3,741
2,648
5,072
140
-
-
5
-
-
562
1,384
-
-
4,620
4,400
2,520
2,400
-
-
118,388
-
-
-
-
-
115,012
115,433
29,519
27,375
127,349
132,977
152,764
33,516
20,064
-
-
-
20,064
128,527
(128,527)
0
308,879
138,028
(210,538)
210,740
447,109
55,123
388,004
(309,780)
(82,213)
51,135
492,529
526,032
(520,318)
-
498,244
512,593
526,032
(520,318)
-
518,308

Page 11

The London Welsh Centre Trust

Notes on accounts for the year ended 31st August 2024

15 Related Party Relationships and transactions 2024 2023
During the year to 31 August : £ £
The London Welsh Centre Ltd (LWCL) contributed to the support costs of the
London Welsh Centre Trust (LWCT) - -
The London Welsh Centre Ltd (LWCL) also donated to London Welsh Centre
Trust (LWCT) 82,213 96,405
At 31 August 2024, inclusive of the donation above, the 36,175
LWCT owed LWCL
At 31 August 2023, inclusive of the donation above, the
LWCL owed LWCT 102,630

No remuneration or expenses were paid to the trustees in the year or the previous year.

16 Constitution and Ultimate Parent Company

London Welsh Centre Trust is a company limited by Guarantee, having no share capital. Members are liable for the company's debts whilst being a member and up to one year after ceasing to be a member for those transactions entered into before that date, to a maximum of £1.

London Welsh Centre Limited is a company limited by Guarantee, having no share capital. Members are liable for the company's debts whilst being a member and up to one year after ceasing to be a member for those transactions entered into before that date, to a maximum of £1. The company's sole member and ultimate parent is the London Welsh Centre Trust.

17 Operating Surplus/ (deficit) Group Group Charity Charity
2024 2023 2024 2023
This is stated after charging: £ £ £ £
Depreciation of owned fixed Assets 40,982 33,976 36,059 29,213
Reporting accountants' fees 6,384 5,846 4,184 3,846

Page 12

The London Welsh Centre Trust

For the year ended 31[st] August 2024

_______________

Independent Examiner’s Report to the Trustees of the London Welsh Centre

I report on the accounts of the charity for the year ended 31 August 2024 which comprise the statement of financial activities, the balance sheet and related notes 1 to 17

Respective responsibilities of trustees and examiner

The Charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed

It is my responsibility to:

Basis of Independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that, in any material respect, the requirements.

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act

  4. have not been met; or

  5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Zahid Hussein For and on behalf of Z Group Chartered Accountants Suite Lu.231 The Lightbulb 1 Filament Walk, Wandsworth London SW18 4GQ

12