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2025-08-31-accounts

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

Annual Report and Consolidated Financial Statements

For the Year ended 31[st] August 2025

CharityRegistration Number 232672
CompanyNumber 00774093

The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

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
Peter Allen
Richard Williams
Paul Wright
Susan Elan Jones
Harriet Johnson Retired 17thNovember 2024
Jonathon Poyner Retired 21stNovember 2024
Charlotte Lythgoe Retired 28thJuly2025
Gareth Headon
Rhiannon George-Carey
Carwyn Cowell Appointed 29thSeptember 2025
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 2025

_______________

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)

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The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

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 2025 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.

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The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

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 2025

_______________

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 Welsh language programme throughout 2024-25, further strengthening its position as the primary provider of Welsh language education in London and the Southeast.

Weekly classes were delivered across a wide range of levels, from beginners to advanced learners, through both in-person and online provision. The academic year began strongly, with over 130 students enrolled at the start of the autumn term, reflecting sustained demand for Welsh learning opportunities outside Wales. Throughout the year, learners continued to engage positively with the Centre’s structured progression pathways, supported by experienced tutors and a welcoming learning environment.

Alongside weekly provision, the Centre continued delivering successful One Day Welsh Courses, creating accessible entry points for new learners and refresher opportunities for returning students. During the year, the organisation also began testing new approaches to audience development through the introduction of online “Interested?” forms designed to capture future demand and improve long-term planning.

This work also supported the development of a pilot programme exploring opportunities for parents and children to learn Welsh together, reflecting the Centre’s commitment to widening participation and supporting intergenerational engagement with the language.

Welsh classes remained a significant source of unrestricted income throughout the year, helping underpin wider charitable activity and supporting the long-term sustainability of the organisation. More importantly, they continued to play a vital cultural role, creating opportunities for Welsh speakers, learners, and newcomers to connect through language and community in the heart of London.

Events and Cultural Programme

Throughout 2024-25, the London Welsh Centre continued to deliver a wide-ranging cultural programme that reinforced its role as one of the most active and visible centres for Welsh life outside Wales.

The Centre hosted an extensive programme of cultural, literary, musical and community events throughout the year, balancing large-scale public activity with accessible grassroots programming. The programme reflected the diversity of contemporary Welsh culture while remaining rooted in the Centre’s core charitable mission of promoting Welsh identity, language, and community in London.

St David’s Day celebrations once again formed a major highlight of the cultural calendar, with strong attendance across multiple events including live music, debates, social events, and community gatherings. Other highlights included a sold-out performance by Meinir Gwilym, the launch of Tafwyl 2025, performances of Under Milk Wood, book launches, public discussions, comedy nights and a growing programme of Welsh-language cultural activity.

The Centre continued to attract new and younger audiences through events such as Suspiciously Cheap Comedy and contemporary music and spoken-word activity, while also maintaining strong support for more traditional cultural events and community gatherings.

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The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

Partnership working remained central to the Centre’s cultural offer throughout the year. Collaborative events with organisations including the Honourable Society of Cymmrodorion, Wales in London, Literature Wales and other Wales-facing organisations enabled the Centre to host thoughtful public conversations on Welsh politics, media, culture, and national identity.

The Centre also remained an important gathering place for Welsh sports supporters throughout the year. Six Nations fixtures, Wales football internationals and women’s football matches continued to generate significant footfall and community engagement, contributing strongly to bar performance and reinforcing the Centre’s role as a social hub for the Welsh diaspora.

Commercial and cultural activity worked increasingly hand-in-hand throughout the year, with events helping drive bar income and visitor engagement during periods where room hire activity fluctuated. The organisation continued refining its ability to balance charitable programming with commercial sustainability, ensuring that cultural activity remained accessible while contributing positively to the Centre’s wider financial resilience.

Resident Groups & Community Activity

The London Welsh Centre continued to provide an important home for Welsh-speaking and Wales-facing community groups throughout 2024–25, maintaining its long-standing role as a shared community space for the Welsh diaspora in London.

Resident choirs including Chorale, Gwalia Male Choir and London Welsh Male Voice Choir continued rehearsing regularly at the Centre and remained an important part of its cultural life. The choirs continued to collaborate with staff throughout periods of operational pressure, building disruption and high room demand, helping ensure the Centre remained both commercially viable and community focused.

Regular groups including Merched y Wawr Llundain , reading groups, conversation circles and informal Welsh-speaking gatherings continued meeting throughout the year, providing valuable opportunities for language practice, friendship, and cultural connection.

The Centre also continued supporting smaller organisations, artists, campaigners, and community organisers through affordable access to rehearsal, meeting, and event space. This included support for emerging Welsh creatives, volunteer-led initiatives, and one-off events of cultural or social importance.

Alongside its regular community activity, the Centre also continued to play a vital role as an informal support network for Welsh people living in and around London. Whether through language learning, cultural participation, social connection or simply providing a familiar and welcoming environment, the Centre remained a place where people could maintain and strengthen their connection to Wales and Welsh identity.

During the year, exploratory discussions also began around future children’s and family-focused activity, and opportunities to strengthen younger audience engagement in London.

Across all this activity, the Centre continued fulfilling its founding purpose: providing a welcoming and living home for Welsh culture, language, and community in London.

7

The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

Room Hire and Partnerships

Room hire continued to play a critical role in supporting the organisation’s financial sustainability throughout 2024–25.

The Centre hosted a broad range of commercial, educational, creative and community clients throughout the year, with Guildhall School of Music & Drama once again remaining one of the organisation’s most significant and consistent hirers. The Centre also continued welcoming clients from across the theatre, media, and arts sectors, reflecting the growing reputation of the building as a flexible and characterful creative space in central London.

While the year included quieter trading periods and operational challenges, room hire activity recovered strongly through the spring and summer months, with positive momentum returning across most spaces.

The year also demonstrated the importance of operational flexibility. Staff regularly accommodated complex and high-value bookings while balancing the competing demands of cultural programming, resident groups, and ongoing building-related disruption.

Alongside room hire activity, the organisation strengthened relationships with a number of external partners and supporters. Meetings throughout the year with representatives from Hugh James, Four Agency, fundraising consultants, and Wales-facing organisations helped shape early conversations around future partnerships, sponsorship opportunities, and strategic development.

The Centre’s ability to combine commercial activity with charitable delivery remains one of its greatest strengths. Income generated through room hire and commercial activity continues to underpin cultural programming, community access, and Welsh-language provision across the organisation.

Website & Magazine

The London Welsh Centre continued investing in its digital presence and audience engagement throughout 2024–25, recognising the growing importance of digital communications in supporting cultural participation, room hire and long-term sustainability.

The quarterly London Welsh magazine remained an important platform for promoting events, sharing stories, and celebrating Welsh life in London, supported by a dedicated team of volunteers and contributors.

During the year, the Centre strengthened its digital communications capacity through additional staffing support focused on social media, newsletters, and audience engagement. Improvements to digital output, audience insight gathering and online systems helped improve communication with learners, hirers, and supporters, while also supporting future planning and programming.

Alongside these operational improvements, the organisation also began a broader review of branding, identity and audience positioning as part of its longer-term strategic development.

Premises

Throughout 2024–25, significant time and resource continued to be invested into maintaining, improving, and future-proofing the London Welsh Centre building.

8

The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

Accessibility remained one of the organisation’s major strategic priorities. Work progressed throughout the year on the proposed lift installation project, including architectural planning, soil investigations, structural assessments, and engineering consultations designed to prepare the project for future fundraising and delivery stages.

A number of additional infrastructure improvements and investigations were also completed during the year. Electrical upgrades were conducted to improve power distribution within the building, while preparatory work linked to the Thames Water mains connections also commenced.

The organisation also undertook an asbestos re-inspection survey, which identified no remedial actions, and explored longer-term proposals for heating system upgrades aimed at improving efficiency, reliability, and visitor comfort.

Operationally, the year also brought significant external disruption. Prolonged Camden Council works outside the building created ongoing challenges around noise, visitor access, and general operations over several weeks. Despite this, the Centre continued operating successfully and maintained a busy programme of activity throughout the disruption.

The Trustees and staff remain acutely aware of the challenges involved in maintaining a historic building while balancing operational continuity and financial sustainability. Throughout the year, work continued developing a longer-term vision centred around accessibility, sustainability and improving the overall visitor experience.

Fundraising and Strategic Development

During 2024–25, the London Welsh Centre continued laying important foundations for future fundraising and long-term strategic development.

A major focus of the year was the development of fundraising plans linked to accessibility improvements and wider infrastructure investment, particularly around the proposed lift installation and future building upgrades.

The organisation worked with external consultants and supporters to begin shaping a clearer fundraising proposition, explore potential trust and corporate funding opportunities, and strengthen long-term development planning.

A number of strategic meetings also took place with partners, advisors, and supporters across the year, helping inform future work around branding, fundraising, partnerships, and organisational direction.

Strategy sessions with staff and stakeholders explored the Centre’s future identity, values and priorities as the organisation continues adapting to changing audience expectations and financial pressures while remaining rooted in its charitable mission.

The year marked a key step in moving from short-term operational recovery towards longer-term strategic planning, investment, and organisational development.

9

3.2. Financial Review

Total consolidated Income for the year of £ 564,957 and expenditure of £ 608,217 gave The London Welsh Centre Group a deficit of £ 43,260 for the year ended August 2025. Some areas of activity have increased their surplus (Welsh classes and the Bar), others have a reduced surplus (Functions and Room Hire). However Support cost and staffing have continued to increase.

Subscription donations of £36,775 is down (23-24 £38,255) from the high point of £39,192 in 2223 , but this is still well ahead of previous years.

Welsh Classes Income of £53,345 (23-24 £42,980) is again a further improvement on previous years. The direct cost, excluding support costs, has also increased slightly £14,434 (23-24 £13,171).

Functions net surplus of £15,148 (23-24 £25,372) is down on the previous year. But the Bar net surplus increased on the previous year to £89,192 (23-24 £85,110 ).

The Room hire income was slightly down on the previous year £241,285 (23-24 £247,541. Still a very good result in the current climate. The team aim to provide a special service to hirers.

Staffing is the major regular cost for the Centre and continued to increase to £328,574 (23-24 £291,160). The staff are the vital cog of the centre, who continue to drive the success of the charitable activities and the trading aspects of the Centre, which then further supports the Charitable Activity.

The total support cost again significantly increased in the year £174,649 (23-24 £135,095). Utility costs have increased by almost £15,000 and cleaning cost by over £4,000. Repairs & maintenance increased by over £4,000, but includes investigations for future premises plans and some preparatory premises work, e.g. to improve the electrical system and the water supply to the building. The increase in depreciation, by over £6,000 reflects the continued need to have effective equipment to support the work and activity at the centre.

The London Welsh Centre Limited (LWCL) made an operating profit in the year of £38,353 (2324 £77,284 ) . Therefore a smaller donation than last year of £ 42,130 (23-24 £82,213) has been made to the London Welsh Centre Trust (LWCT).

The centre continues to progress as an active location due to the dedication from all the centre staff, under the sound leadership of the Chief Executive Officer (CEO).

4. Future Plans

Following the premises research and planning strategy work, the Staff and Trustees expect to be able formalise the proposed way forward for the centre premises and a financial plan on how the proposal might be funded. Restricted funds help for the purpose are being used to obtain Consultancy Support for the fundraising plan to fund the project.

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 £475,048 (23-24 £518,308, of which £45,064 is restricted (23-24 £20,064).

At the start of September 2025 the net current assets held were £208,366 (23-24 £233,265). Less the £45,064 restricted funds gives £163,302 (23-24 £213,201). This is equivalent to 3.2 months of expenditure relative to the 24-25 year. There are no designated funds at end of year.

The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

The Trustees are planning a significant fundraising campaign before progressing with further major work in order to ensure the stability of the Centre.

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.

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:

11

The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

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.

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.

Risks are 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.

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The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

Report Approval

The report was approved by the trustees on 29 May 2026 and signed on their behalf by

……………………………………..

Richard Saunders (Chairman)

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The London Welsh Centre Trust

For the year ended 31[st] August 2025

_______________

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 2025 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

have not been met; or

  1. 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

Dated: 29 May 2026

14

Registered number: 00204686

LONDON WELSH CENTRE LIMITED DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

Zgrp Limited Suite Lu.231, The Light Bulb, 1 Filament Walk Wandsworth London SW18 4GQ

London Welsh Centre Limited Contents

Page
Company Information 1
Directors' Report 2—3
Accountant's Report 4
Income and Expenditure Account 5
Balance Sheet 6
Notes to the Financial Statements 7—9
The following pages do not form part of the statutory accounts:
Detailed Income and Expenditure Account 10

London Welsh Centre Limited Company Information For The Year Ended 31 August 2025

Directors Mr P T Allen
Ms R A George-Carey
Mr G D Headon
Ms S E Jones
Mrs H Roberts
Mr R B Saunders
Mr R R Williams
Mr P S Wright
Mr D Daniel
Mr C J Cowell
Secretary Ms R Evans
Company Number 00204686
Registered Office 157/163 Grays Inn Road,
London
WC1X 8UE
Accountants Zgrp Limited
Suite Lu.231, The Light Bulb, 1 Filament Walk
Wandsworth
London
SW18 4GQ

Page 1

London Welsh Centre Limited Company No. 00204686 Directors' Report For The Year Ended 31 August 2025

The directors present their report and the financial statements for the year ended 31 August 2025.

Directors

The directors who held office during the year were as follows:

Mr P T Allen Ms R A George-Carey Mr G D Headon Ms S E Jones Mrs H Roberts Mr R B Saunders Mr R R Williams Mr P S Wright Mr D Daniel Miss H A Johnson Resigned 17/11/2024 Mr C J Cowell Appointed 29/09/2025 Ms C T Lythgoe Resigned 28/07/2025 Mr J H Poyner Resigned 21/11/2024

Statement of Directors' Responsibilities

The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to:

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Page 2

London Welsh Centre Limited Directors' Report (continued) For The Year Ended 31 August 2025

The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Small Company Rules

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

On behalf of the board

Mr R B Saunders

Director 29/05/2026

Page 3

London Welsh Centre Limited Accountant's Report For The Year Ended 31 August 2025

Chartered Accountant's report to the directors on the preparation of the unaudited statutory accounts of London Welsh Centre Limited for the year ended 31 August 2025

In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of London Welsh Centre Limited for the year ended 31 August 2025 which comprise the Income and Expenditure Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-andguidance.

This report is made solely to the directors of London Welsh Centre Limited, as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of London Welsh Centre Limited and state those matters that we have agreed to state to the directors of London Welsh Centre Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than London Welsh Centre Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that London Welsh Centre Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of London Welsh Centre Limited. You consider that London Welsh Centre Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of London Welsh Centre Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

29/05/2026

Zgrp Limited Suite Lu.231, The Light Bulb, 1 Filament Walk Wandsworth London SW18 4GQ

Page 4

London Welsh Centre Limited Income and Expenditure Account For The Year Ended 31 August 2025

Notes
TURNOVER
Cost of sales
GROSS SURPLUS
Administrative expenses
OPERATING DEFICIT
Other interest receivable and similar income
DEFICIT BEFORE TAXATION
Tax on Deficit
DEFICIT AFTER TAXATION BEING DEFICIT FOR THE
FINANCIAL YEAR		 2025
£
394,913
(61,604)
333,309
(337,086)
(3,777)
7
(3,770)
(204)
(3,974)		 2024
£
388,003
(52,783)
335,220
(340,149)
(4,929)
6
(4,923)
935
(3,988)

The notes on pages 7 to 9 form part of these financial statements.

Page 5

London Welsh Centre Limited Balance Sheet As At 31 August 2025

Notes
FIXED ASSETS
Tangible Assets
4
CURRENT ASSETS
Stocks
5
Debtors
6
Cash at bank and in hand
Creditors: Amounts Falling Due Within
One Year
7
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT
LIABILITIES
PROVISIONS FOR LIABILITIES
Deferred Taxation
NET ASSETS
Income and Expenditure Account
MEMBERS' FUNDS		 2025
£
£
8,729
8,729
6,139
57,383
87,606
151,128
(111,038)
40,090
48,819
(1,658)
47,161
47,161
47,161		 2025
£
£
8,729
8,729
6,139
57,383
87,606
151,128
(111,038)
40,090
48,819
(1,658)
47,161
47,161
47,161		 2024
£
£
7,653
7,653
4,810
42,298
54,626
101,734
(56,798)
44,936
52,589
(1,454)
51,135
51,135
51,135		 2024
£
£
7,653
7,653
4,810
42,298
54,626
101,734
(56,798)
44,936
52,589
(1,454)
51,135
51,135
51,135
8,729
40,090		 7,653
44,936
151,128
(111,038)		 101,734
(56,798)
48,819 52,589
(1,658) (1,454)
47,161 51,135
47,161 51,135
47,161 51,135

For the year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

On behalf of the board

Mrs H Roberts Mr R B Saunders Director Director 29/05/2026

The notes on pages 7 to 9 form part of these financial statements.

Page 6

London Welsh Centre Limited Notes to the Financial Statements For The Year Ended 31 August 2025

1. General Information

London Welsh Centre Limited is a private company, limited by guarantee, incorporated in England & Wales, registered number 00204686. The registered office is 157/163 Grays Inn Road,, London, WC1X 8UE.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Fixtures & Fittings 20% on cost Computer Equipment 20% on cost

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in surplus or deficit for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.6. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the Income and Expenditure Account as they become payable in accordance with the rules of the scheme.

Page 7

London Welsh Centre Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 10 (2024: 10)

4. Tangible Assets

4.
Tangible Assets
Cost
As at 1 September 2024
Additions
As at 31 August 2025
Depreciation
As at 1 September 2024
Provided during the period
As at 31 August 2025
Net Book Value
As at 31 August 2025
As at 1 September 2024
5.
Stocks
Stock
6.
Debtors
Due within one year
Trade debtors
Other debtors
7.
Creditors: Amounts Falling Due Within One Year
Trade creditors
Amount due to The London Welsh
Other creditors
Taxation and social security		 Fixtures &
Fittings
£
56,933
2,253		 Computer
Equipment
£
22,480
2,493		 Total
£
79,413
4,746
59,186 24,973 84,159
50,860
2,721		 20,900
949		 71,760
3,670
53,581 21,849 75,430
5,605 3,124 8,729
6,073 1,580 7,653
2025
£
6,139
2025
£
47,970
9,413
57,383
2025
£
4,724
(19,408)
125,722
-
111,038		 2024
£
4,810
2024
£
34,844
7,454
42,298
2024
£
2,310
(36,175)
90,101
562
56,798

8. Related Party Transactions

In the year ended 31 August 2025, the company made a donation of £42,130 (2024 - £82,213) to The London Welsh Centre Trust.

At 31 August 2025 the company was owed by The London Welsh Centre Trust £19,408 (2024 - £36,175)

Page 8

London Welsh Centre Limited Notes to the Financial Statements (continued) For The Year Ended 31 August 2025

9. Company limited by guarantee

The company is limited by guarantee and has 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 company is The London Welsh Centre Trust.

Page 9

London Welsh Centre Limited Detailed Income and Expenditure Account For The Year Ended 31 August 2025

TURNOVER
Bar and food sales
Hall and room hire
COST OF SALES
Opening stock - finished goods
Purchases
Closing stock - finished goods
GROSS SURPLUS
Administrative Expenses
Wages and salaries
Employers NI
Employers pensions - defined contributions scheme
Staff training
Cleaning
Computer software, consumables and maintenance
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Accountancy fees
Subscriptions
Bank charges
Donation to The London Welsh Centre Trust
Depreciation
Entertaining
Sundry expenses
OPERATING DEFICIT
Other interest receivable and similar income
Bank interest receivable
DEFICIT BEFORE TAXATION
Tax on Deficit
Deferred taxation
DEFICIT AFTER TAXATION BEING DEFICIT FOR THE
FINANCIAL YEAR		 2025
£
£
149,902
245,011
394,913
4,810
62,933
(6,139)
(61,604)
333,309
202,674
13,269
6,447
12
30,054
1,373
14,935
10,075
2,223
1,423
3,496
2,250
1,305
216
42,130
3,670
100
1,434
(337,086)
(3,777)
7
7
(3,770)
204
(204)
(3,974)		 2025
£
£
149,902
245,011
394,913
4,810
62,933
(6,139)
(61,604)
333,309
202,674
13,269
6,447
12
30,054
1,373
14,935
10,075
2,223
1,423
3,496
2,250
1,305
216
42,130
3,670
100
1,434
(337,086)
(3,777)
7
7
(3,770)
204
(204)
(3,974)		 2024
£
£
136,332
251,671
388,003
7,156
50,437
(4,810)
(52,783)
335,220
178,623
12,389
3,582
-
25,646
1,009
11,864
8,955
1,625
1,371
3,252
2,200
1,198
209
82,213
4,923
-
1,090
(340,149)
(4,929)
6
6
(4,923)
(935)
935
(3,988)		 2024
£
£
136,332
251,671
388,003
7,156
50,437
(4,810)
(52,783)
335,220
178,623
12,389
3,582
-
25,646
1,009
11,864
8,955
1,625
1,371
3,252
2,200
1,198
209
82,213
4,923
-
1,090
(340,149)
(4,929)
6
6
(4,923)
(935)
935
(3,988)
394,913
(61,604)		 388,003
(52,783)
202,674
13,269
6,447
12
30,054
1,373
14,935
10,075
2,223
1,423
3,496
2,250
1,305
216
42,130
3,670
100
1,434		 178,623
12,389
3,582
-
25,646
1,009
11,864
8,955
1,625
1,371
3,252
2,200
1,198
209
82,213
4,923
-
1,090
333,309
(337,086)		 335,220
(340,149)
7 6
(3,777)
7		 (4,929)
6
204 (935)
(3,770) (4,923)
(204) 935
(3,974) (3,988)

Page 10

The London Welsh Centre Trust

(a Company Limited by Guarantee)

Consolidated Financial Statements

For the year ended 31 August 2025

Charity - Registration number 232672 Company Number 00774093

Page 1

The London Welsh Centre Trust

For the year ended 31 August 2025

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 2025 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

2 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

Dated: 29 May 2026

Page 2

The London Welsh Centre Trust

Consolidated Statement of Financial Activities

(including consolidated income and expenditure account)

For the year ended 31 August 2025

For the year ended 31 August 2025
**Unrestricted ** Restricted **Total Funds ** Total Funds
Note Funds Funds 2025 2024
£ £ £ £
Income:
Incoming resources from donations and legacies 2 49,218 30,000 79,218 54,875
Income from charitable activities 3 82,318 - 82,318 77,710
Investment income 8,508 - 8,508 5,443
Income from trading activities 4 394,913 - 394,913 388,004
Total income 534,957 30,000 564,957 526,032
Expenditure:
Cost of trading activities 5 354,515 354,515 307,585
Cost of raising funds 6 22,409 22,409 26,312
Cost of Charitable activities 7 207,134 5,000 212,134 168,855
Governance Costs 8 19,159 19,159 17,566
Total expenditure 603,217 5,000 608,217 520,317
Net income/(expenditure) (68,260) 25,000 (43,260) 5,715
Reconciliation of Funds
Total funds brought forward 498,244 20,064 518,308 512,593
Total funds carried forward 429,984 45,064 475,048 518,308

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 2025

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
2025
2024
2025
2024
£
£
£
£
268,340
286,497
259,611
278,844
268,340
286,497
259,611
278,844
7,617
5,726
1,478
916
80,594
57,385
23,651
15,087
294,608
297,503
207,002
242,877
382,819
360,614
232,131
258,880
174,453
127,349
63,855
70,551
208,366
233,265
168,276
188,329
1,658
1,454
-
-
475,048
518,308
427,887
467,173
429,984
498,244
382,823
447,109
45,064
20,064
45,064
20,064
475,048
518,308
427,887
467,173
-
-
-
-

For the financial year ended 31 August 2025 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 29th May 2026

…………………………………………………………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 2025

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

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2025

2
Incoming resources from donations and
Group
Group
Charity
Charity
legacies
2025
2024
2025
2024
£
£
£
£
General Donations & Grants
28,027
7,404
28,027
7,404
Donation from LWCL to LWCT
-
-
42,130
82,213
Subscription donation income
36,775
38,255
36,775
38,255
Gift Aid
14,416
9,216
14,416
9,216
79,218
54,875
121,348
137,088
3
Income from charitable activities
Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
Functions
22,546
32,675
22,546
32,675
Welsh classes
53,345
42,980
53,345
42,980
Merchandising
3,208
1,396
3,208
1,396
Other income
3,219
559
3,219
559
Publications
-
100
-
100
82,318
77,710
82,318
77,710
4
Income from trading activities - from the London Welsh Centre Ltd (subsidiary of the LWT)
4.1 Subsidiary Income statement
2025
2024
Turnover
£
£
£
£
Hall and Room hire
241,285
247,541
Bar & Food Sales
149,902
136,332
Job Retention Grant - re Trading Activites
-
-
Sundry Income
3,726
4,131
Total Turnover
394,913
394,913
388,004
388,004
Direct Cost of sales
(61,604)
(52,784)
Gross Profit
333,309
335,220
Administrative Expenses
(294,956)
(257,936)
Operating Profit before gift to LWT
38,353
77,284
Amount donation to charity LWCT from LWCL
(42,130)
(82,213)
Operating profit/(loss)
(3,777)
(4,929)
Deposit Account Income
7
6
Tax on profit/(loss)
(204)
935
Profit/(Deficit) in subsidiary
(3,974)
(3,988)
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
2025
2024
£
£
28,027
7,404
-
-
36,775
38,255
14,416
9,216		 Charity
Charity
2025
2024
£
£
28,027
7,404
42,130
82,213
36,775
38,255
14,416
9,216		 Charity
Charity
2025
2024
£
£
28,027
7,404
42,130
82,213
36,775
38,255
14,416
9,216
79,218
54,875		 121,348
137,088
Charity
Charity
2025
2024
£
£
22,546
32,675
53,345
42,980
3,208
1,396
3,219
559
-
100
82,318
77,710
335,220
(257,936)
77,284
(82,213)
(4,929)
6
935
(3,988)

Page 6

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2025

Expenditure on trading activites shown in the consolidated SOFA comprised:

354,514
-
354,514
4.2 Subsidiary Balance sheet
2025
£
£
Tangible fixed assets
8,729
Current assets
- Bar stock
6,139
- Debtors
56,943
- Receivable from LWT (excluding donation)
61,538
- Cash at bank
87,606
212,226
Current liabilities
- Trade creditors
4,724
- Other creditors
4,750
- Donation due from LWCL to LWCT
42,130
- Owed to LWT (excluding donation)
-
- Taxes
(440)
- Other Accruals and deferred income
120,972
(172,136)
Net current assets
40,090
Total assets less current liabilities
48,819
Provisions for Liabilities
(1,658)
47,161
Balance at start of year
51,135
Profit/ loss for the year
(3,974)
Aggregate share capital and reserves at end of year
47,161
-
Group
Group
5
Cost of trading activites
2025
2024
£
£
Direct costs - cost of sales (4.1)
61,604
52,784
Staff costs (9.2)
222,390
194,594
Support costs (9.1)
70,521
60,207
Total cost of trading activites
354,515
307,585
Costs of sales and administrative expenses (excluding Governance
costs)
Less: intercompany payments (Contribution to shared support
costs)		 307,585
-
307,585
2024
£
£
7,653
4,810
42,298
118,388
54,626
220,122
2,310
2,508
82,213
-
562
87,593
(175,186)
44,936
52,589
(1,454)
51,135
55,123
(3,988)
51,135
-
Charity
Charity
2025
2024
£
£
-
-
-
-
-
-		 307,585
-
307,585
Charity
2025
£
-
-
-
44,936
52,589
(1,454)
51,135
55,123
(3,988)
51,135
-
Charity
2024
£

-

-

-
- -

Page 7

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2025

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		 Group
Group
2025
2024
£
£
5,749
14,330
-
-
16,660
11,982
22,409
26,312
2025
2024
£
£
90,391
74,013
577
609
7,398
7,303
14,434
13,171
3,306
908
8,560
9,945
87,468
62,906
212,134
168,855
Group
Group
2025
2024
£
£
10,044
8,224
6,526
6,384
2,589
2,958
19,159
17,566
Group
Group
2025
2024
£
£
34,400
19,524
16,566
15,095
47,464
40,982
5,738
4,878
-
-
281
270
2,554
2,066
6,537
3,236
1,305
1,198
30,054
25,647
2,544
698
25,471
21,289
1,081
1,147
450
-
204
(935)		 Charity
Charity
2025
2024
£
£
5,749
14,330
16,660
11,982
22,409
26,312
2025
2024
£
£
90,391
74,013
577
609
7,398
7,303
14,434
13,171
3,306
908
8,560
9,945
87,468
62,906
212,134
168,855
Charity
Charity
2025
2024
£
£
10,044
8,224
4,276
4,184
2,589
2,958
16,909
15,366
Charity
Charity
2025
2024
£
£
34,400
19,524
6,491
6,140
43,794
36,059
18
-
-
-
65
61
1,181
1,079
3,568
777
-
-
-
-
13,080
10,123
1,081
1,125
450
-

Page 8

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2025

the year ended 31 August 2025
- Bad & Doubtful Debt -
-
174,649
135,095
104,128
74,888

Merchant costs are not now included in bank charges, but are included in direct cost for each business area.

Support Costs Allocation
Allocation to Trading Activities (5)
Allocation to Cost of Raising Funds (6)
Allocation to Charitable Activities (7)		 Group
Group
2025
2024
£
£
70,521
60,207
16,660
11,982
87,468
62,906
174,649
135,095		 Charity
Charity
2025
2024
£
£
16,660
11,982
87,468
62,906
104,128
74,888

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 a more accurate cost allocation.

9.2 Staff Costs
Salaries
Social Security Costs
Pension
Analysis of staff costs on
- Trading Activity (subsidiary) (5)
- Raising Funds - Donations, Subscriptions, Legacies
- Charitable Activity (7)
- Goverance (8)
Total staff costs
The average number of Staff in the year is		 Group
Group
2025
2024
£
£
299,536
267,127
19,499
18,675
9,539
5,358
328,574
291,160
222,390
194,594

5,749
14,330
90,391
74,013
10,044
8,224
328,574
291,160
15
15		 Charity
Charity
2025
2024
£
£
96,801
88,595
6,301
6,194
3,082
1,777
106,184
96,566
5,749
14,330
90,391
74,013
10,044
8,224
106,184
96,566
5
5

No individual staff member was paid more than £65,000 in the year.

Page 9

The London Welsh Centre Trust Notes on the accounts For the year ended 31 August 2025

10 Tangible Fixed Assets

Group
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
Cost
£
£
£
£
£
At 1 September 2024
4,361
22,480
441,335
141,249
128,033
737,458
Additions
7,940
2,493
8,628
10,487
3,162
32,710
(Transfers) / (Disposals)
(3,401)
(3,401)
At 31 August 2025
8,900
24,973
449,963
151,736
131,195
766,767
Depreciation
At 1 September 2024
-
20,900
201,896
122,738
105,427
450,961
Charge for the year
-
949
29,656
6,649
10,212
47,466
At 31 August 2025
-
21,849
231,552
129,387
115,639
498,427
Net Book Value
At 31 August 2025
8,900
3,124
218,411
22,349
15,556
268,340
At 1 September 2024
4,361
1,580
239,439
18,511
22,606
286,497
Charity
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
Cost
£
£
£
£
£
At 1 September 2024
4,361
-
441,335
101,602
110,747
658,045
Additions
7,940
-
8,628
8,983
2,413
27,964
(Transfers) / (Disposals)
(3,401)
-
-
-
-
(3,401)
At 31 August 2025
8,900
-
449,963
110,585
113,160
682,608
Depreciation
At 1 September 2024
-
-
201,896
86,401
90,904
379,201
Charge for the year
-
-
29,656
5,157
8,983
43,796
At 31 August 2025
-
-
231,552
91,558
99,887
422,997
Net Book Value
At 31 August 2025
8,900
-
218,411
19,027
13,273
259,611
At 1 September 2024
4,361
-
239,439
15,201
19,843
278,844
11
Debtors
Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
- Trade debtors
47,970
34,844
-
-
- Amount due from LWCL to LWCT
-
-
-
-
- Other items recoverable
42
-
42
-
- Gift Aid receivable
14,681
9,468
14,681
9,468
- VAT
-
-
-
- Prepayments and other debtors
17,901
13,073
8,928
5,619
80,594
57,385
23,651
15,087		 Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
4,361
22,480
441,335
141,249
128,033
737,458
7,940
2,493
8,628
10,487
3,162
32,710
(3,401)
(3,401)		 Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
4,361
22,480
441,335
141,249
128,033
737,458
7,940
2,493
8,628
10,487
3,162
32,710
(3,401)
(3,401)
8,900
24,973
449,963
151,736
131,195
766,767
-
20,900
201,896
122,738
105,427
450,961
-
949
29,656
6,649
10,212
47,466
-
21,849
231,552
129,387
115,639
498,427
8,900
3,124
218,411
22,349
15,556
268,340
4,361
1,580
239,439
18,511
22,606
286,497
Refurbish-
ment
Plant &
Machinery
Improvemen
ts
Furniture &
Equipment
Fixtures &
Fittings
Total
£
£
£
£
£
4,361
-
441,335
101,602
110,747
658,045
7,940
-
8,628
8,983
2,413
27,964
(3,401)
-
-
-
-
(3,401)
8,900
-		 449,963
110,585
113,160
682,608
-
-
-
-		 201,896
86,401
90,904
379,201

29,656
5,157
8,983
43,796
-
-		 231,552
91,558
99,887
422,997
8,900
-		 218,411
19,027
13,273
259,611
4,361
-		 239,439
15,201
19,843
278,844
Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
47,970
34,844
-
-
-
-
-
-
42
-
42
-
14,681
9,468
14,681
9,468
-
-
-
17,901
13,073
8,928
5,619
80,594
57,385
23,651
15,087

Page 10

Notes on the accounts For the year ended 31 August 2025

The London Welsh Centre Trust

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		 Group
Group
Charity
Charity
2025
2024
2025
2024
£
£
£
£
17,560
61,582
17,560
61,582
188,982
180,837
188,982
180,837
44,706
20,061
274
274
644
636
186
184
42,687
34,165
-
-
29
222
-
-
294,608
297,503
207,002
242,877
13 Creditors Group Group Charity Charity
2025 2024 2025 2024
£ £ £ £
- Trade creditors 12,129 4,507 7,405 2,197
- Other creditors 5,004 2,648 254 140
- Tax - - - -
- VAT (440) 562 - -
- Reporting Accountant's Fee 4,785 4,620 2,610 2,520
- Amount due to LWCL from LWT - - 19,408 36,175
- Amount due to LWCT from LWL - - - -
- Accruals and deferred income 152,975 115,012 34,178 29,519
174,453 127,349 63,855 70,551
14 Movements in Funds 2024 2025
As at Incoming Outgoing Transferred As at
Start of Year Resources Resources Resources End of Year
£ £ £ £ £
Restricted Funds - Charity Only
- Fund Raiser for Refurbishment 15,064 - - - 15,064
- Main Hall Floor & Other Areas 5,000 - (5,000) - -
- Studio Kitchen Refurbishment - 30,000 - - 30,000
Total Restricted 20,064 30,000 (5,000) - 45,064
Permissing was given by the donor to change the allocation of the gift of £5,000 from the Hall floor
replacement to the cost of increasing the water flow input to the Centre.
Unrestricted Funds
Charity - designated -
Charity - undesignated 447,109 140,040 (246,456) 42,130 382,823
Subsidiary Funds 51,135 394,913 (356,757) (42,130) 47,161
Total Unrestricted 498,244 534,953 (603,213) - 429,984
Group Total funds 518,308 564,953 (608,213) - 475,048

Page 11

The London Welsh Centre Trust

Notes on the accounts

For the year ended 31 August 2025
15 Related Party Relationships and transactions 2025 2024
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) 42,130 82,213
At 31 August 2025, inclusive of the donation above, the
LWCT owed LWCL 19,408
At 31 August 2024, inclusive of the donation above, the
LWCT owed LWCL 36,175

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
2025 2024 2025 2024
This is stated after charging: £ £ £ £
Depreciation of owned fixed Assets 47,464 40,982 43,794 36,059
Reporting accountants' fees 6,526 6,384 4,276 4,184

Page 12