WATERLOO
ACTION
CENTRE
WATERLOO ACTION CENTRE
Charxty No. 284591
Conpany No.. 1611872 (Enqland & W*l••)
ANNUAL
REPORT
AND FINANCIAL
STATEMENT 2023-24

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REPORT AND ACCOUNTS
coKrEKrs
Pago
Report of the Dlrectorn and Trustees
2-16
Report of the Indepondent Examlner
17
statement of Flnanclal Actlvltle•
19
Balance Sheet
20
Notes to the Accounts
21-32

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
The truStee￿direCtors are ￿eased to wesent their annual directors. rep¢y1 t¢)gelher wth the finanaal
statement$ of the ¢hanty for th¢ y•ar end•J 31st March 2024. v￿.Ch are also prep*ed to meet the
quirernents for a directors, Tewt and Companies Act purposes.
finarKial ststements c1)m￿ Charibes A￿ 2011, the C¢vnpanies Acl 2LKJ6. t
Memorandurn and Art￿e$ of Assoc)at￿. and Accwnts'ng and by Charitie8'. Ststernents of
Recornmended Pra¢ts'(e applicatle to ¢hantyes pKeparing ihw'r ac£ounts in a¢¢ord8n¢e with the
Finanaal ReporbrvJ Standard appkatl8 in the UK aThJ Rewbli¢ of Ir¢igrhJ {FRS 1021 leffectNe 1
J8nuary20151.
For danfication we point OLrt Ihal 't*r•clors" and Ir￿1¢86. refer to the same people. One is
terrn used by Ch8rrties.' Director is used by Cornp3nies. Like many chantiè$ WAC is tr￿th. 1115 a not-
for-pwofit company.
CrfJR PURPOSE A14D ACTlVItIE8
The main objects are the relKg1 ol povety. sthness and distress. the protection ol heath and the
adVa￿￿ent ol education as well as Ihe ol faalrties for fweatson c* other Seisure ty.me
o¢oJpaiion$ in th¢ Interest of 3rKial welfarg S￿h fac41ities bw'rrfj provided are ¥￿th the obieix ol
irnproving the conditions ol life ol the persons for vh)m tMy are primanly intended. those personB
having need ol such lacilibes by feason ol their ytyjth. age. infirrnty. px)verty or soaal and economic
droJmstsr￿.
VZ8ION
A rnodem, ¢tynamic and sustainable cornmunty that pwdes a home for grwp8 in the area
Recognised hub of communty serwcos and 8ctivkn.es in the W8tertoo8
A centre Ih81 is ovmed and man•aed cffi bohdf of thecommuThty.
To provide a warm and fnendly welcome to all memt4rs ollhe cornmunity who use our serwces.
To secure the ownershtp of Ihe centre for the community, wlh o sustainable finaroal framework
around il
To continually improve the serwces by ￿ ¢ontr• #nd tJernon8trate value for money to
the organi$otiM$ fundinglhem
To increase usage ol the centra by the ¢(¥nmuNty th• groups the in the area, pgrty'cularly
those group$ whth a￿ soualty exdL#*d.
Swal indusion and equalty Qfopport￿ty
Opportunity'es for all vkno ¥￿sh lo give a5 as to receive Ivthi¢h in our expenence 18 most peop￿)
Strong networks which Interlink lo form and SU$tsincommunity
Services planned and ￿ntrol￿d by those vtho know best {Usu￿ty c<nsumeTr. potents'al
consumers and thos¢ who understand and respeclthem
Empowemient and education so that people can lethl riclw lives indmdualty and coNectNety.
rol• and contributson 0£ volunt••t•
WAC is rooted in community effortwith rnuth being d￿e ￿ a shared basisthrough Ihe many adNrties
overlhe 7-day week WAC is open. A numer￿￿S￿de number and Trnge of peO￿e have an opportunty
lo contribLrte. This accounts for the energy. creabvity and level ol mutual caie. as wdl 8s lor the
Ir￿edIble overall achievernenis desprte so Iitlltr M￿•Y or pAid staff It a150 gives enjoyrnent and deep
satiSfact￿n because as poc¥er cornmunrties ofthe worfd have ah¥ays kn￿n"1 am because we are..
WAC hdds Th• Qu••n• Award for Voluntary Ser¥lce. The crtknon for th& wrd rellec#s our core
values.. Promoting eVery￿esn￿￿Et0￿v8 8s well8s receive. WAC, developedbylhg l0¢81¢t￿M￿nty,
lacilitates 6¢(N)(Nnic, dAverse and￿leVanIs￿l￿t{0￿S lo COMMUntyn￿$."

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
WAC Dlr•eto¢$ R•port for 202&24
Cont•xt: It has been a very challeThJing year. We have conbnued to ￿11￿ bath fr¢Jrn Ihe Covid shvt
, restoring som& athvib8$. whil& also adaptsng as muth as we can to new needs. WAC is
bustling again over the 7 days week we are ow and peopk th* Centrè are as wonderful as
ever in supportirrtJ antsther
However some ol Challenges usefs lace on hwsing. fin8n¢es, disabilities and. povety, loneliness
(all adult ages) etc are worsening. GrowirrtJ Ina￿lity lor ytyjnger families tts find accornrnodation
an￿ere near has knrthered Undermi￿ intergewabcwl SUPFQrt. Also th8re arè l&s$ other place$
people ol any age can turn for help.
WAC'S •chI￿•mOnts for 2023124
Group actl¥ltlM ThWI malnfy old•r p•opl• ln mlnd
Older age covers many levels ol physical at41ity. Activtbes on Tuesday gnd ThLnd8y day lim8$ aro
es in which rt is particularty easy lor people th limrted phy$¢al abt'lty to partiapate fttlly. That is
not in any way to exdude others. - and rt ¢J)6sn't. An ir￿sIng number ol younger poople with
dl$8bilibe$, health pr¢￿emS or just k*•ft to m••1 ntyghb)urs aro jtyning in These acb'vities are free
or very cost
WAC employs a support worker. Claudia Santoro Lauricdla on thes8 days. One ol her a¢tivili•s 1$ to
provide a soup lunch and othw refreshments, wth volunteer help. Muth ofthe f¢od 1$ dmated by
Borough Market. NaThJos. Pr•t aThJ G811s Thank youl Wtr ￿ also gratehjl to volunteers. most
regularly Ga￿9• Thomas, for eollothng the$• dwlions ar￿ h￿￿'r￿j share thtsm.
ij
The activrti&s are largety based ￿ mutU81 effcft- many peop￿ attending help in som& way FeA some
there is also tutor support.

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Gentle Exerclse Tugjdays 10.30- 11.30 Led by a very experierrxd tutor Sheila who is highty
valued by thè group. She¢la a￿ayS pay$ attention arky cwe to indiwdual ￿e￿$ as wdl as making the
group enjoyable and work for all. The group was well atteThJed Ihrw9hout the year. rt goes into the
new finanoal year wrth rnwe than ¢ould b& 8th)mmod8ted rf trwe were to L* a full 8ttendance. The
holiday season o)ming up is the short-tem anS%￿- we rèalty don't want to tum peopte awdy. Thg
Tutor 81so provides guidanc* on &xercises to do thrtwgh Ihe rest of the week
Tu•8d¥y PM¥- Croft Alt•moon Crod￿vKnrtlIng- a sell-running group led by a member Be8
Leighlon wilh active parts"cipation by others. Again 8ttend8nce grew dunng the y•ar Due to v8•r
request8 and Beo'$ avail8bilty. there wll te a secoThJ grc*Jp ¢)n Thursdays loo.

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
A young volunteer from a neighb)LM9 charty. Rwts and Shfy)ts, is using it forvKJth exper￿n¢t.
hel￿n9 in various way$.
WAcIA￿ Grwp
WACI Art•- a I￿9 Nnning art group c￿tinUe(l 5uoressfrJty thrc￿h the year Ag￿n a mutual
SUPPOrt group wth coordination provK1ed by a energetsc key peotye esp8o.afy Josianne Maillefert
vtho has been making an imrx)rtsnt ￿ntributIr4j al WAC lo( many years.

WATERLOO ACTION CEKfRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Sewlng Group an opportunity to create clothe5 or do repairs and atteratK)n5 This saves money
as wÈll as beirrtJ a ¢reative acbvty and a way to make new fn¢nds. Attendance (JecYeas8d thi$ year.
A former rnarvellous vdunteer died and rt had prov￿1 pOssi￿e to get a terrn volunteer
re￿aceMent. People helped on& another but was no adV￿e avail8t￿e for the really difficult bits
eg cuttirrfJ out or putting in zips. This left peoplè frustrat￿ In March 2024 WAC obtained a small granl
from Lambeth Together via Soijth Bank and WatertcKJ Nwghbours Th15 wll pay for a tutor lor 2 hoLtfS
• week for the group through the comirKJ finantsal y¢a¥ The group will continuè to meet for 3 hours
'ce a week usitYJ VVAC'$ machines. helping one anot￿ t4Jt for 2 fw)urs on T4Jesday there will be
access Ic• an expert adv￿ and supwt. Attendan¢¢ began to ￿"¢k up
Computer Acceu also availabb on Tuesday arwj Thursday aftemwns wth help for those vtho
need rt.
Slngalong on Thursday mcfnings 11am-1pm Opptytunity to sing. Led by1￿81 resident voluntew$
Androcles and Rose Sadun8- t)oth members olthe prestigious nabonal Help for H¢roe8 Chryr.
Some attenders also have outstanding trained voi¢es. Opportsjnities are created for all lo enjoy
8inglW to do so, or dance or just listen. Androd6s p¥rtsopanls in both to sing and lo participate
in lh• running $0 rt t¢ccffjes a team effot
In November 2023 AndrrKles, vtho was trt)m in Malla but seThed as 8 sddier in the Brib"sh Amiy. was
made a knight of the anaent order ol Kni9hls Templar of Mdta. Hwh rec4)gnib"on jrwjeedllll WAC
shared delight
Thursday aftem¢x)n5 offer 50rne ofthe $8me things as Tuesdays also 8 fows on board gam88
eg Chess and Domirns or just ¢hattiryJ. Like marty a￿1VID.es in WAC it works because people help
c￿* another.
Day-b"me 8Cbvities fcajsing on mNe phy8Kalty acaive older peo￿a- &3ain c4hers welcome."-

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Lln• Danelng classes Mondays 2-3Fyn Intemiediaie". 3 15- 4.15pm Beg1r￿ers. Both run by Jean Le
Clerc. In Marth 2024 follvmng requests. a thi￿ weekty Session started.
T•1 Chl We¢ts 2.1￿.15 Genue movement gcod tr heatth aTrJ rn￿11ty.
Table Tenn1• Weds. A weekly sdf-running ffi'endship group play table tenni$. Th• tsblo is left up
afterwards for the Men's Gr￿jp.
M•n's Group. Alter COVMI far lewer rnen were coming into dayts"m¢ athvities in WAC and this ferna18
predominance made it harder fw men tOl￿n in George Beguinot, enormojsty vAlued th? years of
8ngagement his mother and aunt hav8 enpyed at WAC and volunteered to help. We asked il he
Y)uld start a mèn's group. He h8S- rt meets wedn￿daYS and has contributed to Lwbng more men
back into oiher 8CtNrtie5 as v￿1 88 bwThJ a place for them to chat together.
Happy Bu• Pa•• Outliy A ￿tekty oulings kawng WAC at 1 tam on W•dne8dJy$ provide8 woplo
th an opportunity for a day cwjt. wsitin9 on& ol the mary inte￿5￿ng places with free entry vthich can
be reached by public transport- museums, art galleries. parks elc. JoJrney$ 8r& by public transport
so lor anyonè wilh a Freedom Passlover 60.$ Pass Ihis 0￿ing. Packed lunches can be taken. So a
weekly day out is free to parts'cipanls and no is exd￿je￿ by cost. It also k¥ovi¢Jtrs the benefi¢8 of 8
group Iravelling tO9ether. Much enjoyed by pathapants ￿ arts gratefvl to volunteers Frank Clark and
Joanna Dixon.
Monthly Tea Dance The above actiV￿.eS are offered weekly. Thero Is also 8 monthly tea-danc
arranged by Jaan Le Clerc pari$r¢xkdu
gm8il.¢om m the first Thursday ol every rnonth b8then
11.30am- 2pm whKh requires advance booking. The vAde range of dan¢0 Indudos Foxtrot. RcKk'n'
Roll, SM"ng, Labn, Qui¢kslep. Cif¢l& ¢Jonce. Seq￿n¢t. ￿rte dance, Disco and Paty Dance.
Fr•• and r•due•d cost tlck•ts have been obtained 811Th¥ ¢051 or free to theatres and other
locations Claudia ensures that Ihese are shared around lairly as th*re a￿ never enough lor all
WAC'S ol¢ef u$*r$ to go lo any eveN The Old Vic also u8es WAC befm rts Matsne¢ Idd wents for
packed rnornings of free activities for people over SO to enjoy belor& att8ndin9 8 ￿8Y at a reduced
pnce. One of the Old Wc's cmtnP￿ty.Q￿ lo wnirKJ up the¥tre to oldor Lc￿&)￿r8.
Comput•r Acc••• and Support
We are very gr8¢eful to LERA. a local re￿dents aS￿at￿n. f
Part- fvnding this proj'ect.
11 1$ 8 ¢rutyal Servi￿ given the woblem of the digital divid•. It
1$ $tslfed by paid freelance support worker. Akin Akirmunmi. for
Parts of Tuesdays and Thursdays Akin is woThJerbJlty pab.enl
ond also good 01 helpin9 Several Feople at or￿, 1$
important as d•mand has grtrwn
Some people in Ih•r ¢)wn runpLrters WKI smart p￿e$ lo
ask Akin to help sort out prO￿eMS induding adapting
equipment for wople wlh disa￿.1*tie$. Many a￿ beginners
(hout email addresses which Akn'n helFed thern remedy as
first step, and then movo on to otsr skn'lls ac£ording to
was most important to ihem. Users appwate a safe ￿ace to
explore their digital identity in a fnendty. helpfvl atmosphere
%there they can rnake mistakes and be fortif ed againsl possitle
pitfa115 e.g. remernbenng (o log out of their email in
and keeping their pasSWcrf￿ seuel
In njns in9 PCDopin cla55 8nd
bVAC
User goals indud&J'.
access to job searches. and rd81ed matters e.g. creaiing Cvs. Searchers induaed some older
ople vtho would no¢ have pre¥￿US￿ been $eekirYJ w(Kk

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
council flat 3earth¥s. 8 comwter Fwocess had b￿ne necessary to gain or change
accommodation
attess to shcrf)ping, health cafe, applying for passports etc
registering for an 8pFointrnent at WAC's1¢g01 advi¢e $$rvi¢¢ ￿LAs
follow up on 8thicé from WAC'S Welfare Benefft ￿tsKeT ty the user t*iry able then get help for
themselves online.
ar￿sS to cgJnladin9 famity aThJ fn.ends online and exF4orirKJ ￿S(￿e Interests
Help for bliTrJ ant1 partialty swed users vtho have diffruty S￿ng a ￿rnputer scxeen. Efforts ale
made to relay their Information to online fcKm8 and htrlp thern get assistsve tethndogy to use laptops.
tsblets and mobile phones.
Volunt8•rs invofved in WAC or ￿lM￿ty org8nls8tK￿S a$ Tenants A3sco8tion$ helpèd
th those efforts
Tha sessithns are mostly airn￿ at older and
rniddle-aged people, bul we get some
younger ¢Jsers who hav? rnissed out on th•
digitsl revdut*)n. T￿¢r Iw¢$ loo a
Ir•n$f¢rm¢d wrth th8 new $kill8 aThJ
knovAedge and access they gain in the
computer room al WAC.
Akin helps an average of 7.8 in a sessth.
When people become suITh'ciently
competent to use Ihe Cornpuiw wthout
Akin Ihey can 8ttes$ the computer foom at
other limes. Volunteers also assist and
ho¢e to develop that element lurltw in
2024-25.
Roc•P￿0￿ Volunte•rn
Slnce its earliest days, WAC has run a reception service 9-5 on weekdays as a place people could
rn to for help This 1$ staffed by voluniews prtsvide Informabtsn about WAC and also signpost
people onlo other sorv￿9. It is also 8 pla￿ vthgre distr&sW peoF4e com• 8n¢J %1 vmilg th& klndty
volunteer provides tea. ￿Mf¢￿t or jusl a safe place to be.
Number$ requiring hèlp have iweased 1hrough¢￿ the year From 146 in the fir$t week to 220 in the
last week. The annual total being 7.8CQ- lar more than in any w￿10U$ ygar. 6.405 We￿ in per$on
suggesting that arnid the pre￿￿re many ol Ihe mcye straighl fward phone calls a￿ r￿( counled.
The problems are also often worse. and Some peO￿e have tried many other ￿ace lor help
un$y¢cessfully. Too often $18tulOry and publrly fvjnded agewes refer Feople to WAC Ino puU
ndingl without even checking rf is sometth.ng vnth which hdp
As people's problems grow worse and sourtes ol help demse Fwple 9el rn0￿ de$per81tr arn
mental heahh problems Ir￿eaSe. the dedine in ser￿$ rt is also much harder lo help peop
obtain essential r¥med￿s.
This mak9$ volunl¢ering on r￿pb.￿ now more C￿llengIng than rt has ever l)een before. a
very grateful to the volunteers who have done $0 much to help people wth their Iistenir*J skills and
compassion and helped so rnany find byays forward. Gertrude Erneter. Maureen Birch, Ayeisha
Muhammad, Francine Peertum, Chris Ruscoff. Lilk?n Ok¢xctha. Barry Walker. Ajso to V81 R08th.
WAC'S welfare benefits worker. and David Andrvws. the Centre Coordirwtor. aThJ George Thomas.
WAC Trustee who ¢ovèr rècéption or provide bxkup when n8thd.

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Foodbank vouchers- Two ofWAC staff a￿ aulhorised by th8 Ic¢81 lthxlb8nk3 to sign foTrJ vwchers
attesting need. $5 ol th&s$ were signed at WAC Ihis year.
hvmlng of¢lothM and othw It¢ms
Dunng th8 year Asher Robinson Jones in a vOl￿teer capaaty. wth help frorn others, or98nised Ihis
larAlity which re-homed over 5.400 iterns on 8 free, give away, basis to homeless people and others In
need. Also they sold over 30. eOO Items. This is obviously useful in ensunng go(xJs reach people who
can use them rather than go into waste. 11 Is also pa￿"c￿laIty Important in our 8rea as so rnany goods
are no longer on sale locally as land values have risen. The other val¢Jable dimension Is that this Is
¢ut$￿t WAC on the street and g¥v•s Feoplè who are lo￿ty 1¢ ¢hat It is also a bn'dge which can help
nervous people gain o)nfiderre lo I￿n aCtiwtV￿ in the Centre. Thank to 011 donated and lo
Asher and the other voluntews.
Updatlng Inforniatlon 8h••ts has been a constant challenge Many ol the services we refer people
to continue to chan9e. Even the leaflels abwt 8erwces and xtivilies in WAC havo needed more
frequent changes as these have evolved. We af• grateful to all tho$¢ ￿ contritr*Jte to the updating
Includiry volunteer Franrine Peertum.
WatsrI¢￿ L¢gal Adv1¢• S•rvlc• IWiAS)
Watedoo Legal Aokn'ce SeNce is the long6St nJnniThJ ￿￿99Ct In WAC. 11 was st8rted in 1972 by
Hel¢na Ken1￿￿Y QC in ¢onjunclion Jenny Stiles. then the local communty worker. It movgd Into
14 8aylis Road (now WACI as scy)n as thi$ de￿Il¢t former library was made available to the
¢ommunity arKI •nough work had been dor￿ to make Some spac•s 88f¥.
LAS ￿ntynUes to opwate on Thursday evenings. A8 the need for legal ad￿ce gre8dy exceeds
availability, those requesting h8lp ncw have to online. WAC t*lps th08e who cannol us8 IT to
opply WLAS then prioritise3 reqvest5 giving priority to those in rnost seriws n8ad and wthout other
means ol redress. They then offer appointments Matchi￿ wth appropnale vdunleering barrister8
and soliutors Deb Andèrson. 8 retired barrisler's clerk. lead5 on this. assisted by a paid p8rt-timo
worker Ab¢Jut ee rnembers ol the legal profesSic￿$ were Involv64 in prwding the Service. We aro
also gratefvl lo Jones Day $oli¢itorn tjeal wlh WLAS Iwryers offiaal ty￿.ng & po8l.
Georg8 Thoma$ kindly Vdun1￿fe1 Ihroughoul the ye8r lo yovido Ca￿akIng servThs. So together o
m8rvel¢ous group ol volunleefs has enaL490 1,147 ¢J88FWOt• to get legal a¢h'c4. Help whlth
18 ¢Jften life changing lor them.
A few examples ol the many woy$ p¢opl& have been are gNen below.
1. Securing redundancy pay out lu a deaner whos8 ￿T5 had been rethd and place ofwork
changed so that her job was no longer viable.
2. Obtaining a payment from a school lor a pers￿ h•J t•en giving individual turtKJn on the
understanding that the school would ci)ver the cost.
3. Assisting a tenanf in ensuring Ihat the landltyd Carried out necessw repaw works, re5uII'ng in
the tenant bein9 rfjhwsed in more suitatAe accornrnfyjalion.
4. Helping a former tenant obtain the £I0.CXXI 8lre&ay awarded to them ty Ihe County Court against
a fom)er landkjrd.
5. Assisting a Sing￿ mothef reg$t the unlwthil evicbcll attempts ty her I￿¢￿￿d.
8. Assisting a tenant ol a housirrtJ a55criaTh'on w￿) had been the vth"m ol abu￿ ty Iw neighbour
su￿$￿1u1ty corn￿81n to the landlord.
7. Hdping a homeless pers¢n objecl to the offer ol temporary accommodah.on by tho ¢ountyl.
re5ulling in Ihe council agreeing to make a m¢rfe $uit8ble offer
8. Helping an individual to settle a daim for tuthn fees from a Lmiversty th0￿h the events
h8d taken place some years ago.
g. Assisting an indiw¢Jual who was apptyiTrJ lof an annulment ol m8(ria9e to ensure the right fonns
re filed wth the courts land olhers V￿thdr￿) so that the annuknent coukl bg granted.

WATERLOO ACTION CEPURE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
W•lfare B•n•flts Advlce
Val Roach. WAC'5 very experietic*d part time btrnefits advice ther, conlinues to provide welfare
ben¢frt$ advtt aThJ supwt to d¢kr peoF4e and people V*)th th"sabilrtres liwing in SE1 and SE11 areas.
We Cannot help people rn￿e bwdely as WAC ¢Joes not ncrw ￿1¥0 ¥ny fijnding It is a struggle
to meet even these needs. There are more wple in diffiajty than fcf decades and il 1$ hard to fin¢J
help. Sg more people have develop mental health p¥ob￿S on top of their debt worrie8. The Advice
Worker is a key person to tum too at Cri￿8 tirnes.
(￿er 80% 01 the peO￿e WAC hdp5 we disabl&J crf have h)rrfJ-temi health o)ndrtth$
Assistance includes." a$s*$sirKJ lor benefrt enb"¥omentS and making daims for Attendance
lowance, Personal Independe￿ Payment. Pension Credit. DIsa￿"llty Liwng and
Univer681 Credit.
Ajso h¥lp 1$ prowded lo 4i¥nls wlh hou*ng i$$UèS ¢9 hrmtrltrssness. discre*onary housing
payments. housing and courril tay s¢Jpport. disability adaptsons, benefit apwal$. and debt probbms.
WAC assists wrth requ•sts for ltr)tJbank v¢Nthrs. fro*dom p￿tr8. and dial.a-ride aP￿ICatIOns.
An inuea$ing problem In the la$1 12 months has th& number of PIP claims made by the public
being refused Thus requirirrtJ help wth apr￿￿$. These u5ualty succeed ￿th ￿￿kd￿n9 to lh•
original d81* of clairn Hsy*ffjver rt rwuire$ h￿￿$ of tho prgects Dme.
Help wth Atténd8￿ ￿lOWan￿ new daim$ irweased th￿ year wth the maj'ority racaving thè
higher rale of £108.55 and a Imr rate of£72.65 weekty.
A funeral grant 01 £25Crf) ts c¥emation was amcffig oihor 98ins.
We managed to secure temporary xcomrnodabon lor som8 hwftèless ptr¢P￿. Dial-a ride travel,
treedom pa$$e$ et¢ Adw$ing peor4e on what bentsfrts trxist ft)r them can be enough lo en$ure $omo
F¢Op￿ can then obtain them for thernselv8s. Those vAthout IT equipment or kn￿ledge can use
WAC'$ IT proJ•ct fty fvrthw h•lp
Many of our users have muttiple problems and novthere to tum for h8lp. so 0¢ce$8 to $r*neone in
WAC to turn to is extremely important and lhe WWfaf* B$￿fits Worker provides Ihis long-lerm
anchor Having th• 8th¢9 $wvic* vthin the cornmunty centre is c￿￿al for u8efS hrt by hard limes
and al¥0 means that some people can be referred to other acbvib"o$ in WAC
WAC G¥rden This has teen kept up ty efforts of George Thoma$ aThJ oth¥r volunteers. tt is 8
parts'cularty valued las￿rc* a$ mc¢1 users INe in flats and dso roses etc can raise pooptg'8 $pirrt8.
10

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
Hall Hlre at WAC As part ofrts ¢¢ynmtément to emmrirrtj communty acti¥Aty WAC has always
provided space for community ￿tiv￿.￿S additjonal to those run by WAC This is a crucial model
tecause most grgups cannot have their own buildings It would be too expensive and wastefijl in
kyemises ternis. Also It is lar easier for a $mall group lo run their desired a¢bvity if they do not al80
manage a b¢Jilding. However rt is cnjcial Ihat ￿lIe a group has use ol a Sp￿ it truty feels"th&ir8'.
Looks. feels like theirs, 8$ wdl their pnvacy tts conduct the session how they want induding th
language of Ihetrr choice. WAC w8s redeveloped by the comrnunty frorn the der•li¢t bLilding of 1971.
th this element in mind. So h811s and meth.ng I￿rn3. sound proofing and 8$ much lockable storag
Spa￿ as possible Walls ale kept as plain as poss¢ble During a week Ihe dance hall looks like a Wesl
African church, 3 1960s disco, a uaft centre. crf is inteNwng spa￿$ fty thé legal advic8
$¥rvice. as well as simpty 8 room for othw a¢b'vities.
In addIt￿n to the WAC run xbvi1￿$ dO￿bed eartier 159 other different ¢yganizaiThWccrfTrrnunity
prqects used WAC in 202￿.
Frffjuent U8èrn among the•• Indude ballet run ty dileklaptikdar
hotmail.cKJ.uk. This project had
12-13 weekty sessions In term time. Mainly thikjren ol different ages This actNty ffts in effiu&nl
b•fyveen WAC'S daytimtr and evenin9 a¢bMtie8.
Rock 'n 'Roll lJlv• See htt
775 556
.' ts'ne dance for all Call.. Jean Le Clefc 07944
Sal•1 and Drummlng http$".Ilsal8ateca.co.ukJ
sam￿ Oonclng l Drummlng http'.11 www.I
Sword F•n¢lng htt
www.southlon
nl
in
club.
Karate- https"IIvhW4 renshinkankar8tfrengland.cYg.ublondc
lond
renshlnkankar
land.
m￿1¢ and Cholr P¢0 Woodw'nd Quartet Email.. I In.
Ernail.. thardjmills
hotmail com
Rellglousl •plNtu•l Qivine Worf ol Gc*J Emwl..
il london
m. IntoM8￿.¢￿aI Christs'8n
Church Email.. dominik.herlitiek
Usd21.0
', Enlightewj christs.gn G8fhering Ematl..
tuk
.co.uk', Eglise Baptise du plein èv8ngile Email".
mienkLman
ahoo.com ,' British
Union ol Spirrtisl Sweties Email". Ibnascim
nt
rvis
Kodaty ch￿'r ol Li)ndon
f.or
in
We Also have.. Clty A¢tln9: Drnma S¢lwl, On Purpose Work*hop• on how to develop yourself
and build the $knlls. R•dthrn4d: empowen'ng young people to ITV8 healthy, safe and ￿ave an
happy lives.
ln addition there a￿ booklnp ty local Charities e.g Wè are Waterloo as usual used spa￿ for a
couple ol days ¢ollecting and wrapping Chrisimas present don8led by businesses for 8ptKoyiat8
WAC users 8nd many others in need in Ihe c¢)rnmunty. Guy• ¥nd St ThMw•'•, Wat*rfoo Health
C¢ntr•, the Old Vic. are amorvJ many others who uso spaces. Ajso sp￿$ are hired by locds fof
children's birthday parties and other farnily celebratK￿$ In Summary, the yèar saw much IrK81
mmunity adivity and meetsngs
Enhancem•ts.lo Premlses
Major improvements lo ener￿ effiryency the buiklin9 we cwried wt by Lamboth CouncAI
apKK)inted con$uttants and pa￿ by statutory Ivnding (Govemmerrt grant & local contribution). Work
¢ornpleted induded secondary glazirg lor windows, kjft insulatK)n, an air source heat pump, extra
11

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
radiators, LED lighting. solar panels Iphotovoltats or PV) aThJ removal or redundant le$$ effi¢ienl gas
heaters. Followin9 inrtk?I teethin9 KKrt)lems the new &]LMwnent is ncr•4 w)rknrKJ a$ ¢xps¢ted.
The telephJne $ystw had to b8 replace4J during th8 year. It was over 10 yo81$ ord and the equipment
was end-of-lil¢. That system worfKed on ISDN which is being phased c￿[ so we had to purchase a
new VOIP $yst8m Is much easier to maintsin and wll be c*eaper to run and use.
The photocopi¥r also had to te replaced and we wefe given a reluth'shed model for free- onty
runnirYJ costs.
In June 2023 a group sent ty Ern￿OYee Vdunleering kindly volunteered to th) painting. decorab'ng.
and gardeniThJ, and 8180 provide IT help to WAC users needod hdp
Johnny Walker provided impvtant b￿1th.￿g maintena￿￿ Su￿rt. We are d80 gratehjl to another
local Ken Hamilton for hi$ prof8ssiond advi￿.
The Llft A rnajor problem Is that thè lift has trok•n down antj wll c¢st 8t>wi £75,ODJ to rèpl8Ct.
Ihe lease problems now hanging over u$ ¢ènnol solv* th& prob*m as we would have done in
earfier yts8rs- by lundraising- tsjt hop* that il ¢an be rwfved ¥ilW $0 ihat WAC ¢8n again 8ttrgct
public fundirYJ for tr￿lI11n9 works or th* n•￿$$4ry mO￿Y wll com• wt of CIL money. lor 4%fiich il 1$
being $UPPOrted th8 SOWN Neighbcth¢>)d Plan
Progrn¥• on Lamb•th Councll's propo8•d Voluni•ry S•ctor
Bulldlng• Strnt•gy
ring the year Ihere ha¥ unfortunatety been onty very limrted wowe88 on tsstabli8hing thè wcposed
now18gal arr8ThJemonls b8tsveen Lamteth WAC.
In the previous year WAC had r*$r￿ded In great detail atyJJt the prcp)$•d 8S8*t strategy put
forward by the Council for Ihe small ￿￿0ports.0n ol LBL buiklings used by the Community and Voluntary
Strctor WAC m¥de proposals about strategy could be Improv8d ty drwng on t•$1 prad¢e
nab'¢nalty.' be operated much more equit¥tty on a p8rtwship mcty*." 8nd ￿ more flexible to refle¢t
different uses an¢J oxtemal fundirrfj OFWtunrtie8 to draw addilthal money into the b)rwgh.
The Initial proposal made by Larnbeth duriThJ Covid in Spysng 2021 would hav& impa¢ted considerab
on WAC with very signifi¢8nt rent in¢rease$ 8ThJ 8 limrtirrfJ lenyth of lease which would prevent WAC
from raisin9 ext¢mal grant funding Also. a short leasè w)uld romov& th• amazing 8mounl of prac¢i¢g1
Ip w& hove re¢eived ￿n$trUdion ts)mp8nie5 over Ihe years to ￿8￿Je thi5 forrnerfy derdict
t￿Ilding and to conbnue Ihe enhancemenis needed to accomrnodate ever Increasing usage.
Quests'ons faised by WAC at¢JJt why we. 8$ a Mutt￿￿r[￿Se community fe8ource. ￿r0
teing included wilh 8 group ol much srnaller. mainty ￿ngle use SPa￿S. wer6 not answered. We
questioned why WAC vrds Th)t bein9 cc¥)sid¢red wth lar9er organi$alKJn5 being offered leases ol at
le8$125 year$? ￿ have not yet re¢eived an 8n*wer.
Nevetheless. WAC cJnmenced discusSKTh with Lambeth and held a productive meeting at
the Centre with the Countil officers and our prolessNy)al advisers where th¥ b8315 of a new
le3se arrangement was hjlly discussed. This led to a draft Heads ol a Temis for th& Lea$e
bwng prodLt¢¢d by Lambeth offtrring a 20+year lease and rnc#Jiffied terms a staged
increase in ￿ntaI over a &year period.
Hamng made a poientialty posiiNe start. hmv•r. #nd (les￿19 &arty I￿¢T5 from Lambeth
pr(￿lSir￿ action to progress matters. nothing more was heard Irom the Cwnol over th& n•xt 12
months. Despits repeated letters frorn WAC a5kiThJ lor an update. no *novAedgernenl or answer
received
11 Wd3 not until rnKI-2023 Ihat any lurbher communication was recesved, and a meeting held in August
2023 trat set things baGk to the Original unsatisf8oNy $tth"rvJ wint The e8rf*r Lambeth staff
member, wth whom WAC had mainly been dealing, had left and the c￿￿1 prcposed to start 8galn
apparenuy having no record of his Cwesp￿der¢* ry meebng with WAC ￿ our lawyers.
Developments will be reported in the next Amnual Rew1.
12

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
WAC tru8t•8s thank• to •iaff and volunte•r¥
WAC trustee3 WBh to 8¢knovAethJè the ￿hle¥emer￿ ofthe year and thank key people for theif
¢ontributJon.
Our small but èxcellent staff.. David Andrews. Centre cl￿£1￿8t0r and the only fiJll-time 6taff rnern￿r.
has this year done an outstanding job as havè the other staff. tutors. and ¢ontractors. WAC has of
¢our$è VAStly more volunteers than paid staff. especbalty if ind￿lIng the rnany who Contri￿lIe on
rnutual support basis. ￿￿&r SUPFth from thè communty is also Cfuoal. Many of our users come from
tr8drtlor￿ where rt takes a village to raise a thikl. In hwd b.mes rt awtairty takes a cornmunty to
sustain a cornrnunty ctrntre
Publlc b•n•fit ¥tatsm•nt
In shapin9 our objectives lor the year and planning our aCtiv￿e￿. the trustees have considered I
Charity Commission's guidan￿ on public b8n&f¢ induding th8 9uid*Ko'publi¢ benefft". wnning
charity IPD21'. The achievernents and activities above demonstrats the public benefit arising through
the Charty's aclivrties.
FINANCIAL REVIEW
The Statemen¢ of Financaal Mlivrt*$ sho￿4 o nd d8fiot of t15,11612023 nel d&fol £13.2741 lor th8
y8ar and r6s6rves stand at £165.97612023 £181.0921 The financi￿ positron of the year revealed by
the Balance Sheet shvws net current assets or wthing ¢apital of £165.97512023 £180.9561. WAC
remains in a s¢un¢J finanLial Fosition.
FufuRE ACTIWTIES- WAC Truslees inlend lo do Ihwr ￿￿$11¢ continue to meet local needs in
line with our constitution and aims and obi'eclNes as sei out in the introductory sections of this report.
We are proud ol how many and ol the great dNersty ol FeD￿e t•*ho c¢xth'tMrte to mutual wdlbw'ng
through th& Cantre.
13

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
STRUCTURE. GOVERNAMCE AND MANAGEMENT
Govemlng document
Waterloo Action Certre Ilhe w1.￿mrtfjrf bw"NJ c¥nrtted by Ii¢wKo Irtyn the Department of Trade) is
fegistero¢J as a company limrted by guarantee and not having a Ca￿"tal dividgd ty $h8res
The company was incorFKJraied on 5th February 1962 arky registered as a chanty on 13th May 1982
d consliluled as a Limrted Company under the Memorandum and Arbdes ol Asswats'on. The
charity registration number is 284591 and the CL)rnpany wistraty.on number Is 01611872.
R•crullm•nt and appdntment ol Tru•tee•
Three trustèes are &le¢ted at WAtrs AGM and stsnd #t Ihe end of the next AGM. Cme is
nominated by Waterfoo Le9￿ Advice SeThicè and the AGM infomed of ¢heir rK)rnination for the
)ming period. Five trustee5 are deckny by represeniative5 of Tenants and Residents Assoaations
(TFIASI and Hou&ng C¢X)ps In the Waterloo ama and by community projects in Lambelh,
including 50ulh ol Waterloo. which are re￿Vant to ad1V￿e$ 81 WAC Three ￿aCeS are available for
optron by the tnJstees lo prowde otheThMse unmet skJ"Ils. Thus. Iher• 1$ a buijt-in broad repro8entstion,
vhich aulornatically updates 8s Ihe needs and pnNitses ofthe cwmunty thar4Je.
The trust66s have no ben8fic4al intwest in the company clher than as memt4rs. Thg tru8teo8 aw also
the directors of the Com￿ny. Al the In￿tee5 are mernbws ol Ihe cornpony and guarantee to
tribute £1 In ¥v8nt ol winding UP.
The Oirectcrfs ofth8 organisation are also Ihe tharity trustee8 for th• p(wpose$ of ¢h9rity law.
Trust￿ Inductlon •nd tralnlng
The method ol election ensures that most trustees al￿¥* have kn￿￿edge of Ihe comrnunity needs,
WAC and other local prqects or specialist Kn{￿￿e¢>ae At each Managemant Committee meeting
Ih¥re are reports from ead) ser¥￿e arta io ensure Iru$le¥s are up to dale wth actiwties and charyes
in legislation or funding requirements, aTrJ trustees al80 have thvay day$ lo o)n$i¢Jw devdokynents
needed lo match ¢h8nging need$
Tru$le•8 8r• alxt offered further SOLWC48 of infom01￿7. trther Ihrough one-tovore hdp from other
mernbers ofthe Committeelstaff or ¢(￿SU￿ants. as well as Ihrough Ihe wt4i¢abty18 a)d link810 the
website$ ol organisation$ su¢h ¥$ the Charty Comrnission.
Organl•atlon
The trustees normally meet monthly, except frjr August and December. T￿Y are responsibl• for I
strat¢gi¢ ¢Jire¢tion and ol the tharity. area8 ol ¥Kfk rep)rt lo the Trustees.
Rolatod parti
The charity works dosety wth Oth￿ sirnilar Or9￿1$*.0n3 as Oetsiled in Ihe athi&vemen18 and
perfomiance se¢tion ol the Trustees Report 5 Truslees a￿ norninated by TenantslResidents
Associations and Housing cr￿pS in Iha arèa, On& TrLtste¥ unbl the WAC AGM in Sept 23 when she
di¢J not re $land as ¥ WAC Tru¥lee wa5 also a Trustee ofwalerloo Community Development Group.
Two Trustees were on the SteerirYJ Group of so￿￿ Bank and Waterlw Neighbours FcKum.
Rlsk Alanag•m•nt
The directors actively revthv fv m•jor risks ￿lch the charity *es on a regular basis, and believe
that maintaining reserves at the current levd$. ¢omkn"ned wth an anftual revlew of the controls over
kw financial 5ySterns wll provide suffjuent resources in the event of adverse uroJmstanc*$ The
directors have also examined the 0￿rational and busine55 risks faced by the charity aThJ confim) that
they have established systems to M￿"gate th¢ $i9nificant risks.
14

WATERLOO ACTION CENTRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
REFERENCE ANO ADMINISTIiATIVE DETAILS
Charlty Number:
284591
Company Number.
01611872
Dlroctorn Tn*tws.'
For darificatson we p(xnt cwt that words'directors" arKI'trustees"
refer to the same p*e. 01￿ is a term used by Charitses, Director
is ￿Se￿ by CoMpan￿s. Ltke marry clwrfi&s WAC * both- it is
"not fcrf profrf ￿1panY.
Htrward Simmons- Chair
Jènnil¢r StI￿s- Chair
Jthn Patrick Deane. Treasurer
Robert Hayward OBE
Zoe Kennety
Sally Marullo
Frank Ver9ara- not $tsnd for rtr¢Wi¢)n 8¢ AGM W23
Sinead (Jenryl O'N&ll- did not Btsnd for r84leth.on at AGM
519rd3
George Thcffjas
Frank CLqrk•- elect￿ W23
Chang&s $[￿ 31.3.24
Salty Manj1￿ and Frank Clark did not stsnd at the AGM on 24*
September 2024.
George 8eg(iTh)t and lfj'r5ty Oliveira 8 We￿ nevAy elected then as
r8pfgsentab.ves Irom usef 9ftyJP$ and Kat￿ B8rker 88 è
nominatKJn from a Watedc¥) Tenants l Houfjing Cwi.
8•nlor M•nag•m•nt T•am: David Andrm. Centre Cowthnalor
Waslm HLMsaln- FIna￿e W0￿0T
Jean Le Clerc- BooknrrfJs Man
R•ql•t•r•d ¢)fflc•:
14 Baylis Road, Loft￿ SE17A4
B•nk•rn:
TSB 2W302 HvJh Ho￿. London WC1V 7QR
Ind•p•rthnt Ex•mln•r.
Elizabeth J￿e Ga9￿. FCCA Hagg Farmhouse. ElliWI,
Northumbertantj. NE61 SJW
TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS
The trustoes (who Ofe also dire¢tors of Waterfoo *£tion cen￿ lor the purpos6s ol cornpany lawl are r¥spon$1￿* lor
preparing the Annual Report an(J the financial stalernents in 8ctyd8nce wth applicatAe L9w and United Kir4Jdom
Ac¢ounting Standards Iuniled Kingdom Genefally Accepied Acco¢Jntsng Practscel i￿U￿1n9 Fin8nci81 Reports"ng St•)dard
102"The Financial Reporting Stan¢Yard 8ppltsWe in Ihe UK and RepU￿1C of Irekind..
Ccmpgny Low require3 the Dsreclors lo prepare finanoal statements lor each fina￿81 y•8r whth give a true and fw'r
view ol the state ol affairs ol the charrtable ¢wpary aThJ of fv incL)ming ￿sOurceS and applKation of resources,
Including the income and expend1bj￿, of the tharrta￿e company for that year.
In prep8riThJ these finanaal statements, the Oir¥¢tof$ a￿ requiffjd lo".
select suitable accounkn.ng polrfJe$ and then apply them cwsi5tently.
observe the rnelhods and princjples in Ihe Charitses SORP.
rnake judgements and estimates that arè reasonab￿ and prtjjent
stale whether ap￿iCable UK AccountiTrJ Standards have been foll¢Md, subJ"•ct to any material dep8rtureB
disdosed and explained in the finan081 slaternents
prepare the finanaal staternents on the going ¢wm bags unless rt is inappropriate to presume that the
¢haritabltr company will Co¢)￿￿e in business.
15

WATERLOO ACTION CEKfRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
rnè thè frnandd ￿￿"On ofth8 chatha￿0 compary and enable Ihem to enGur• thott￿ fin8ndal $tst8ment8 Comp￿ ￿￿th
the c￿parbI￿ Act 2CI)6. Thty af• also reSp￿￿1t1￿ fr*r safe9uardng the 88Jets of Ihe tharitable CC￿panY and h￿ce for
tsklng reason￿e Steps of fr*KI cthor ¥rtigul8th
The trustees are re8F*Jn￿ble for maintenartt and inteth ol th* ¢¥￿￿ate fin￿￿481 inlonnation incjuded ¢)n tho
d￿8*￿e o)mpanY8 **b8rte. Lry81ati(xJ in the United lQwlom go¥wnM¥J thg wepDrnticn aTrJ dis8emination ol
fln8nclal Statements may dlffw frcffn l&JI8lab"￿ In
Th1• reF<¥t has been Prepared in ¥&ith ts 8pe(ad plryth8l￿ ol Part 15 ofthe Companies AL* 20C6 relating lo
APPROVED
THE BOARD AND SIGNED ON ITS 8EH4LF BY..
HN DEAPIE
SURER
27th Nov•mbw 2￿24
18

WATERLOO ACTION CEKfRE
REPORT OF THE DIRECTORS AND TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2024
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF
WATERLOO ACTION CEKtRE
I report tr* th• trusttss on my •xamlnation of finano•l 8tstrnt• ol th• tompany for tho ygar ended 31 Marth
2024.
Thij report l• mad• x4ely to ch•irW• truIt￿. u • bcAty. In •Lrordan¢• ¥Mh lh• chanti￿ Acl 2011. My wotl¢
ha8 boon undertaken io that l rnlth18tat• to the tharitys IN*t￿ those mattorn l am required to state lo them In an
Ind8pend•nt •xarnlnerfi rowt snd ts no Gthor puw. To tho fullest extent pefftiitt•S by 18w, I do nat ocwt or
•8•ume re•pon•ibllty lo •nyono other than the c*arity w¢d ts chorityi 88 J b(>Jy. for rny I[￿•P9nd•nl
Ex4miDation, lor th18 TeporL w fof the cgnion8 I have fomie•J.
R••PK￿Y• mpoMlblllll•• •nd bA•l• olY•port
AS the charttys trusteos ofth• Ccffipany l%tho ar• *•0 Ih? dlrector8 of lh• e(mpany trthe purposes of cornpany lawl,
you are responslble for Ihe preparabon ol the fwnci•l st•t•rnents in Bc£￿danCe *ith th• r•qU1￿mentI of th•
Comp•n6•1 A¢t 20C6 (Yh• 2C*36 Arfl.
Havlng My￿1th￿l the financ*al $tat¢M￿lS 01 Company w• nat requir•d to ￿ •udited ft*r thi• y••r und•r
Part 16 01 th• 2CQ8 A¢t and are •lllblts for InWnd8nt examinattrffi. I report in mp•ct ol my •xamlnaUon of your
chlrity'i finandal •totwnent8 •6 c•rried ¢xrt ur#J•r 8•dlM 145 of th? Charitim Act 2011 fYh• 2011 Acri. In
out my examlnaoon. I hav• fc4lu4ved th• Oiredions gi￿ by the Charity Cornmi•olon ILmd•r section 1446llbl of the
2011Art
Ind•p•nd•nt •x•mln•rf• •l•t•m•nt
I h•v• ¢rynpl•t•d ry •¥ominaUon. I conftm no m•t•rid mott•rn h•w c￿0 to my •tt•ntlan whth giv•• m• cau
to bell￿0 that..
•c¢ountlry T•￿r￿s ￿r• notktyt In •ecord*nce %bilh ••thon 386 ofth• Ccfftpinl￿ Ad 2￿., or
th¢ fin•noal 8tatem•nts do not 8c£ord with Such recorth. LY
th• fin•ncial statem￿ts do not c£vnpty ¥&ith r￿•vant •ec41unting r¢quirem•nt• und•r •ec¥on 396 of th•
Compani•s Act 2006 o¢h•rth•n r•jui￿an1 thatuw finand•l $tstemont8 and lalf whlch
i• not B matt•r ¢onsidgr•d •• p•rt of •n Ind•p•Thl•nt •xaminJtion', or
th• fin•nu•l •t•t•m•nts ho￿ not bwi pr¢pw•d in •coyd•nc• with ts Ch•rilkn• SORP IFRS1021.
I hv• no corKemB •nd h•v• c4Yn• •erns no ¢)tlw m•ttw• in Mnn•thon vAth th• •xomiMJon to whleh #ltsnuon
•hovld b• drAwn In this r•wt In ord•rto wwt4• a prop•r Und*¥￿Ing ofth• fin•nd•l •t•temtsnts to bo rèached.
Slqnatuv•
E J fj•gl• FCCA
D•t• 27Mlf4Q24
17

D(KuSgn Erhylcpe ID.. ¥OFIEmW.Irrff41C3821118SD17
WATERLOO ACTION CEKfRE
sTATEmEp￿ OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
SUMMARY INCOME AND EXPENDITURE ACCOUNT
Nol•• Unr••trktod
FundB
RMtA¢t•d
Fund•
Totsl
2024
Total
2023
Incom•
Donations
Income from choritable acts.wbos
Income fmm tr8ding ocbwbes
Invgstment Inco￿
6.238
146.786
11,738
152,788
987
6.038
143,368
2,095
2,166
6.038
Totsl Incom•
160.0S1
11.500
171.551
157,429
Exp•ndltur•
Ex￿ndItUre on charitatle
175.075
11.5¥
18e,667
170.703
Tol•l •xp•nditur•
175,075
11.$92
186.667
170,703
Net Incom•ll•xpgndltur•l and not
mov•m•nt In lund• lof th• y•ar
bofor• tr•n•hrn
{15.0241
-92
11S.1181
113,2741
Trnnbf•r te￿n fiJnd&
M•t Incom￿{•x￿rtdItur*1
113,2741
Reconcili8lion ollunds
Total fund•, brought foThArd
151.235
29,858
181,092
194,366
Tot•1 lund•. ￿rrf•d forward
136,210
29,766
165.976
181,092
The Ststerngnt of Finanaal Ac4iwties al•0 ccYnWie8 the r•quiromonts for an Ineom• 8nd ExFenditur• Account
und•f tm Compan￿4 Aet 2C(6.
CONTINUING OPERAnoNS
None oftho corw)&ny'$ ath"viiws w•rn wuired or di￿Onbn￿l during the above tsto finandal yearn.
TOTAL RECOGNISED GAINS AND LOS8E8
The statement ol finanual activities includ8s all gain8 4nd10sw rec¢¥ni8e(l in the above financAal years.
Thg notes on pa9e$ 21 to 32 fomi part ol these financ481 statements
19

WATERLOO AclloN CEKfRE
STATEAENT OF FINANCIAL ACTMTIES
FOR ThE YEAR ENDED 31 MARCH 2024
BALANCE SHEET AS AT 31 MARCH 2024
Nol•$ 2014
2023
Flx•d assets
Tangible fixed assets
Curr•rt assqts
Oebtofs
Cash at bank and In hand
li
5,825
165.654
171.479
6.301
184,015
Credltors fall1￿ duewlthln one ye¥
N•t eurrnnt ass•ts
165.975
180.958
N•t •sMts
165.975
181,092
Th• fvndi ofth• ¢h•ilty
Unrestrlrted funds..
General
De51gnated
Re5trlrted fund5
Tothl charlty
2,985
128,560
34,430
16S.975
22,674
128,560
29.858
181.092
13
13
For llnanfa81 wrlod endod 31 2024 thè wJ• •nbOed to fr(wn und•r 477
Ccfftpan￿8 2[￿. No rnemter oflhe I￿pary has a noti¢￿. p(nuant to 8edlon 476. requlrtng An audlt
oflh¢se fingnod 8tstemenl$ under the requir•ments ofthe C(ry>anle¥ AA 2￿.
i*rectr• K*n¢yA¢d9• r•$ponslt4lJ￿tr.
al ensuring that the ch8rltOt4e CLvnp•)y kaeps r•cYYth thet Lx>mpty Se¢*￿8 386 and 387 of tho
Companies Act 20Cfj 8TrJ
bl preparing finaroal statemerrts gwe a tru• ar#1 falr¥lN of th? stste ofaff•lr8 ollhe ¢*•rftsble comwy
88 at the end ol eath finanaaf y￿r and ol ts surF4w or defiot ts each flnancial year In accordance with the
requirements of Seclion8 394 8nd 395 comply viti the requirem•nts of the Companies
Act 20Cf rolglkng to finvKlal stat•nents. so Iw as apFltc•￿e to fv charitable ￿mpa￿.
These finan¢rJl Statem￿1$ been pryred in 8wdance wilh to o)mpanles $ubJe(I lo
Ihe 8m811 compani￿. regim* *ithin PBrt 15 ofthe Companiu 2[
he8e Itnandl 818temen¢s wero aulhotsed by th• Board of Dlrect(X8 and Tw8tee8 ￿ 18
ecemb•r 2022 d ¥￿e svjned on ts behalf br.
Comp4ny
PIY STILES- Vlce Chalr
•G4•tr•tlon No 01611872
The notss on pages 21 to 32frTh part rAthe¥efmwdal slaternwts

WATERLOO ACTION CENTrE
NOTES TO THE FINANCIAL STATEMEP
FOR THE YEAR ENDED 31 MARCH 2024
AccouNfiNG POUCIES
8a•l* of pr•paralSon of Iln•nclal •lat*n•nts
The financial stslements of the L*aritable c3)rnpany, which is a public b￿fft under FRS 102, have been
propared in aC￿rdan￿ lh& Charibes SORP IFRS 1021'AcctyJth"ng and Repoting by Ch8rrties'. Statement
ol Recommended Pradice appau￿@ to thanties preparin9 their finanaal stalernents in accordancè with the
Financial ReportirrtJ Standard appl￿b￿ in the UK arKI Repu￿￿ ol Ireland IFRS 1021 leffective 1 January
20191,, Financial Rep￿n9 Stsndard 102 Financial Rep￿n9 Stsndard appli¢abie in the UK and Republic
of If¢land' and the Companies 21x6.
The frnanoal ststements are prepared in siefling. %thi¢h is the funth"on81 cxwrency ol charity. Monetary
arnounts in these financial staternents a￿ rounded to tr* nearest£.
The financial statements hav& beon prepare{1 under the h￿t￿￿al fp)St C4Jnvention wth iferns recogni$ed al
¢￿t or transxtion valu8 oth¢Mse ststed in lh& r•lev8nt r¥)tel$l to these finanoal $tatement8.
Prnparatlon ollln•n¢l•l •t•t•rn•nts on • golng conc•m b••l•
The charity's financial Statemenis show net defi￿ 01 £15,11612023- d&fiul £13.2741 for thg year and free
restNes of £2.98512023 - £22.5401 The Iwstees are of the that thesè f&sutt8 and ￿an$ lor th6 futur•
have secured the immediate fv￿re of the tharty lor Ihe next 12 to 18 months and on this ba$1$ the charity 18
goirrfJ concem.
In¢om• r•cognttlon
AJI income is indud*d in the Ststemenl of Financi￿ Activitie$ when th8rity i$18gally Onlilled lo it, raceipl
is probabfe, and the arnwnt can be measured wth suffiLienl relkakn'lity.
Grant In¢om•
Grants are cr￿lted to Ihe Statemeni of Finanaal fv£b"vibes when the ¢h8rity is entitled lo th• funds. Income
18 only deferred where there ère time con$tr•'nts imposed by Ih•donor or rfth& fi)nding IB perlonnanc* related.
Where enlrtlemenl to grants receryable is deF*ndent upon fulfilmenl of condibon$ wilhin the charty's eonlrd,
the irKome is re¢oJnised when th&re is suffiaent ewderte (hat condiliws will be mat.
Grant$ supming t￿ ¢tye actiVrt￿S of Ihe charity and no speo'fic re$ln"cD'on5 placed upon their use are
included wthin donalhjns and legacies. Grants that have re5triction$ ￿3¢ed upon their use are
induded wrthin income from charrtabl& ￿NitieS.
Caytal grants fy the purchasg of fixed assets ¥¢ cJedrted to restricted incomirrfj resourcts on the earlier dale
ol when they are r￿￿e￿ or receiva￿e. Depreciation on the related rt<ed 8Bsets is charged against the
restricted fund.
Donatlon$ and leg¥cle•
Donations are recognised in the PefK#J in whith ￿Y are recaved. L•gaGy income 1$ rwnised when the
charty'$ &ntiUement isjudged to be probatye and %thefe ts amcunt can te re118bly rnea8U￿.
Contra¢t In¢crfne
In¢rHne from charrtable ac*'viti?$ it*ude incomo rewnised a5 eamgd las the related gC*)ds and seNces 8
provide<Jl under contract
InvMtrnent Ineom•
Invesbnent irKome is I￿udg¢ vthen reLeNabfe.

WATERLOO ACTION CENTRE
NOTES TO THE FINANCIAL STATEMEirrs
FOR THE YEAR ENDED 31 MARCH 2024
1A
Volunts•r• •nd don•t•d ••Thit•s. facillti•• and good•
Dmated professi¢Jn81 services aThJ donated laglib*$ a￿ recognised as income wF*n the charity has control
over the rtern. any CLJnditK)ns assco*8d wrth the donated rtem have been rnet, the receipt ol econorn￿ benefft
from the us• by th• Chanty of the item is ￿0ba￿e and that ecwomK benefft can be measured reliably. In
accordancé wth the Charities SORP IFRS 1021. th? gereral Y￿￿nteer timtr of the charity 18 not recognised in
th• main boty of the finanrial ststernents txrt detail Is ¢wtained in the trusta8s reprrt.
On rew'pl. donated wofessKfflal ser¥w, donated f8rilrties and gKJod$ 8r• recognised on the baBiS of the
value ol the gift to the chanty whth is the the charity would have been willing to pay to obtain servi¢es
or kn'litie5 of equivalent ecoThJmic te￿fit on th8 open rnarket., a ¢xsrr&swnding amount is then recognised In
expenditure In the perW ol rec*iO.
Exp•ndltur• rncognlllon
Expenditur• 1$ recx)3ni5ed Or￿e ther8 is a 189al LV ¢onstructNe oNigation to make 8 p8yment to 8 third p8ty.
it is probat4e that setU&menl Vlill te r•quired. and the amount ol lh& Coligat￿ can be m•a$urgd reliably.
Expenditure is dassified under the followryj he&Jings'.
al Cost of raising fvnds compnses of seekirs grants aThJ ck)nations and. 6pace hire and Ih8ir
a$S￿ated support ¢osl$.
bl Exwdilurtr charitab* actNrt*s i￿y￿e expenditure associated wth thtr rnain o*'ectNeB of the
charity and Indude both the direct costs an¢ Support costs rdal'ng to these activib'es.
Allo￿tIOn of •upport cg•t•
Support costs ar8 tho$& lurKtions Ihai assist the w¢vk of the tharity tr*Jl do not ¢if•cUy undertako ¢h8ritablo
activrties. Surwi costs include b*-off¢e costs. finance ond admjnistration p8rsonnd, payroll 8nd
governance costs whKth support Ihe tharity's pwrarnrnes and a￿1vItIeS Th8se costs hav¥ teen #llctsted
bats￿n ¢ost tsl raising lunds and exp8n*Jrture on charitable Tl* basi8 on vthich Support costs have
been allocated are set oul in TrJle 7.
Fund• •tru¢tur•
The general fund CLYnprises those monies. which may t4 Used t￿r￿ m8eting the charitablts objectNe8 01 thg
company al the disc￿lon ol Man&J&meN Board
Th& ostricted fvnds are mon*8 raised for. and their Lr$e restrthd to, a speufic purpos* or donab'on8 6ubjeci
to donor irnposgd con¢Jrtions.
Inv••kn•nts
Flxed ¥$sel investment5 arfr stated 8t ¢05t less provisicfi tr diminut1￿ in value.
Tanglbl• fix•d ••••ts •nd deprKl•tlon
TaThJibl¥ fixed 8sset5 lexduding Investments) a￿ stated at cost less deprecialion. The (*)St of minor additions
or those cost.ng less than £5(X) are Th)t capitalised. Depreuation is pmwded at rates calojlated to wrilg of the
cost or valuats'on of fixed assèts. ￿￿3 thw'r estimated r*￿du41 value. over their exFected uselul lives on the
fdlowirrtJ bases..
Equipment Centre
Computer Equ1Fffn￿t
25% on cost
25% on cost

WATERLOO ACTION CEKTRE
NOTES TO THE FINANCIAL STATEMENTS (Corrtld}
FOR THE YEAR ENDED 31 MARCH 2024
1.10 D•btorn
Trade and other debtors a￿ rettsnised al th$ s¢tlJemwrt am¢wrt due after ary trade di8¢ount offered.
Prep8ym&nts a￿ value<l at the amount prepaid net ol any trade discounts due.
C•¥h at bank and In hand
Cash at bank and in haryj inchjdes rash arKJ short-tom Cash dopthts.
1.12 Cr•dltor• •nd provl•lo
Creditors and wovisions are recognised vthere the charity ha5 a present obligation resulting frorn a past event
that will probabty result in Ihe transfer of lunds to a Ihir¢J party and lh& amount due lo $&tU¢ th& obligation can
be rneasured or estimated reliaNy. C￿￿rtOrS and provisions are normally reLwniBed at their settlemtsnt
amount after allowin9 lor any tra¢Je discwnts ¢Jue.
1,13 Fln•ncl•l In•trum•nts
The charity only h&5 finarKi81 assets and finanaal Ilabliti&s of a kind th81 qualify as basic fin8ncl81 in8trumenl8.
8a$i¢ finonual Instruments 8r& inib.ally reco9nised al transaction value and subsequently measured at their
setuement value wilh the exception of bar* bans Subsequent￿ measured at amortized COBt Using
thg effectwo interest method.
1.14
T•xatlon
The charity Is a registerod chwty and, therefore. is not lia￿e lor Ino)mg Ta% or Corwrotion Tax on income
derNed from its charrtable activibes. as rt tslls wrthin the various exernpb'ons av8iLable to registered charities.
1.16 Judg•m•nt •nd k•y of o•Orn•tlon un¢•rt•lnty
In the appli¢abon ol tho Company'$ a¢¢ounbng p￿10¥$. th& thatty is reqLri￿￿ lo mako I￿#9m•nI$, eslim8198
and aSsUrnpt￿nS abwt the carrying amount of assets aTrJ liabil$t￿9 that are not readily apparent Irorn other
swr¢e$. Th8 &stimotos and 8$woat•d assumptions are b8sed M histori￿1 experience and othw factors that
rts considered to bt rdevanL Actual results may drffer from Ihese estimat￿.
The estima1&8 and vnderlyiry 8ssurnpD'on5 S￿ reviewed on an ongoirvJ basis. Revisions to accounting
estimales are recojnised in ihe pen.od in whK* the esbmale Is rewsed where the revision affects only that
penod, Qr In the period ol the revisity) and lulwe pen¢>J5 where the rewson affecls both current and future
PWK)ds.
1.18 P•n•lor4
The charity OFerates a defined ccfflth.tr￿rtKln pension stheme on behalf of its employ¢¢$ Contributsons ore
charged lo the Statement ol Finaroal Acaiviltes in ihe Fwkjj in whth they are payabk. The assets of the
scherne are held separately from Ihw Oft￿ chanty in an independently adrninister&J fund.

D￿J$V￿ EnWrF• ID.. 51e31rw-79¢A4C4C.87£W2466WA3
WATERLOO ACTION CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Contld)
FOR THE YEAR ENDED 31 MARCH 2024
2. GRANTS & DONATIOP45
UNRESTRicfED RESTRICTED
FUNOS
FUNDS
TOTAL
2024
TOTAL
2023
Phyl & Hu8hie Charitable Trust
LERA
Euromonltor
Dorothy Isabel's Will
Good Box Donations
Voodoo Restaurant
LUSH Retall
CAF
Soup Kitchen
Sundry donations < £l.CQO
i.C(rf) 3.C*XI
4.5C
4.5Crf)
1.336
1.336
812
291
250
1,3
1,965
1,637
1.3CO
1.965
1.637
437
The 8rants and donations income in 2024 totallin8 £11.738 was attrlbuied to
unrestrlcted funds of £6.238 and restrlcted lunds ol£S,S

WATERLOO ACTION CEpifRE
NOTES TO THE FINANCIAL STATEMENTS (Conud)
FOR THE YEAR ENDED 31 MARCH 2024
3. INCOME FROM CHARITABLE ACTIVMES
Unrestrfrted Restrlcled
Funds
Fund5
Total
2024
Total
2023
Hall & Room Occupancy charyes
Contrlbutlons from people
attendln8 WAC Actlvltles
141.547
141,547 133,143
5.241
5,241
4,201
L•8al Ser4k•5
lone5 Day
More Flsher Brown
Mis¢
s.W) 5.OCQ 5,C
I.0￿ Li￿ I.CK
25

DotyJSw EtNekyv ID." &081tanU4 4.mf4K392111&St)17CO
WATERLOO ACTION CEPfflIE
NOTES TO THE FINANCIAL STATEMENTS Icontld)
FOR THE YEAR ENDED 31 MARCH 2024
OTHER TRADING ACTIVITIES
Totsl
2024
Toial
2023
Fund•
Fund8
Bn¢.a br8cJ&
2,09$
2,095
Inttffi• frcffl oth•r tradiTrJ aGtiwtieB in 2023 totalirg £2.095 was all •tlnbuted to unr06trided fund
INVESTMENT INCOME
f••I￿¢t•d
Fund•
Tot*1
2024
Totsl
2023
Fund*
Bank inter•at
2,1e6
6.038
2,166
The investment inc￿¢ in 2024 totslirvj £6,038 all attn'buted to unre•trictsd fund•.
6. ANALYSIS OF EXPENDifuRE
Other
Vduntary
1•8al
Ser¥lc•
Trfal
Totsl
2024
2023
Staff Costs
Volunteer Expenses
Premises Costs
Legal Services
Other Direct Costs
Support Costs (Note 71
Governance Costs l Note 71
68.666 52.967
1,991
2.440
39.631
44.854
15.985
6,845
2.519
5.319
57,875 50,579
1,991
39,631
11,320
2.519
57,875
4,665

DorAJSyn En%*lLV ID". %OBltzmb4 -3mY4K3821118SD1Th1
WATERLOO ACTION CEpmiE
NOTES TO THE FINANCIAL STATEMENTS (Contld)
FOR THE YEAR ENDED 31 MARCH 2024
ANALYSI8 OF SUPPORT AND GOVENANCE COSTS
The tharity inth'alty identffies the costs of tts support func*"on$. Ilthen identifies those costs which relate to the
g¢)veman¢e fun¢tion Governance costs and other 5VPPOrt costs are apportioned $epar8tely betmthn charity'8
key activity undertaken (see note 61 In the ye* Al the general support and governance costs have be8n
apwtiongd to variou5 charilable acbviltes on the b￿S ol staff thme alk¢ated to each acbvity.
General Govemance Tot•1
Support Functlon
2024
Tot¥1
2023
Staff Costs
Trainin8 Costs
Communications Cost
IT and Webshe
Subscription
Books and Perlodicals
8ank Char8es
General expenses
Depreciatlon
Trustees & board meetlng expenses
Independent examlners fees
38.230
48
38,230 37.695
48
132
5,704
4,8S4
6,103
1.625
1.867
1.689
73
42
276
291
5.338
4,015
134
236
102
6.103
1.867
73
276
5,338
134
102
57.773
57,773 50.759
NET INCOMEIIEXPENDITUREI FOR THE YEAR
is 6t8ted after dwging..
2024
2023
Indèw)dent examThrfs f88$
Depre¢latr￿ onl8n9it4e fixed assets
3,120
134
ANALYSIS OF STAFF COSTS. TRUSTEES REMUNEIIATION AND EXPENSES. AND COST OF KEY
MANAGEMENT PERSONNEL
2024
2023
STAFF COSTS
Salangs
Natvjnal Inwrance
Pension
105,184
88,891
1rfi.896
90,649

Envelope ID.. SIOBIknIA -3.rnif41C382111WJ17(X+
WATERLOO ACTION CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Contld)
FOR THE YEAR ENDED 31 MARCH 2024
ANALYSIS OF STAFF COSTS, TRUSTEES REMUNERATION AND EXPENSES. AND COST OF KEY
MANAGEMEPff PERSONNEL Icortldl
The average number offvll-bme equivalent 8mF4oyees vras as f￿1￿#4..
2024
2023
Direct project work
ministration work
0.8
Cl•anerslCaretakefs
Centre C(￿rI￿nation l FIna￿e man•3wMnt
No em￿0Ye* eamed more £60,LYM) indudiTrJ teneffts.
Ncne ol the trustees recaved any reMuner•b￿ dunro th& y•ar A Xty've k*ng term volunt￿r t4￿m8
Trustee cm 2711012021, volunteer ex￿er￿e8 C4Jntinued ts his vc4unteer roles amounted to £1.530 during
the year.
10.
FIXED ASSETS
2024
2023
N•t book ¥*lu•:
Equipm&nl Centrg
CtynKUter Equipmenl
134
134
Open*y Addlilo
8aknnc
Dl•poMI•
Clo•lng
BaL4nc
Co•t
EquiK¥n8nt C¥ntrg
CrJnput•r Equipment
32,303
15,848
46.151
15.848
48.151
D1¥pO￿l8
Clo•lng
B•l•n
B#l•n¢
For P•rlod
Deprecl•tlon
Equiprneni Cent
Cchnputer Equyngnt
32.X13
15.714
48.017
32.303
15.848
48.151
134

DoothSvJn ID.. SlOBltvr&4 -3Jnif41C3#111&SD17tt1
WATERLOO ACTION CENTrE
NOTES TO THE FINANCIAL STATEMENTS (Contld)
FOR THE YEAR ENDED 31 MARCH 2024
11.
DEBTORS
2023
Trade Dobto
Other Debto
5,625
2DJ
6,101
200
5,825
6,301
CREDITORS.. Amounts lalllng due wSthln on• y•Ar
2023
Trade creditors
1,263
1.725
2,516
1,445
577
T8xBlion and social s•curity
her creditor5
Aeeruds
5,504
3,057

0￿￿sIgn E￿￿0p￿ID". SI0BDb)*4-3.Tr￿￿41C3a2III&5DI7ct1
WATERLOO ACTION CEMfRE
NOTES TO THE FINANCIAL STATEMENTS Icontld)
FOR THE YEAR ENDED 31 MARCH 2024
la. ANALYSIS OF CHARITABLE
FUNOS
Balan¢• at Incom• Expendlture Transfer
Between
Funds
Balance at
01104n023
3110312024
R•strlrted Funds
Phyl & Hughle Charltable Trust
Waterloo Le831 Advice Service
WLAS Salary Recharge
LEILA
28,924
934
28,259
-141
1.647
3,075
2.853
29.858
11.5fyJ
11.592
29.766
OesTriMted Funds
Employment related costs
Bulldlng repalr & Malntenance
50,(
78,560
128.560
50.OQ)
78.560
I28￿60
GI￿r•I F￿dI
22.674 160NS1
175M75
22.674
Tota5 Funds
181.092 171,551
186,667
165,975

WATERLOO ACTION CENTRE
NOTES TO THE FINANCIAL STATEMENTS {Contld)
FOR THE YEAR ENDED 31 MARCH 2024
Do•crfptlon, natur• and purpo•e of r••tslcted lund•:
Phyl arml HughS• Charltable Tru•t- Funth'ng r￿eNed for g￿￿ra1 S￿la1 $¢Nic*$ for ￿lnerable people.
0g•crlptlon. natur• •nd purpo•e of de•lgnated funds:
Employment related cost.. Funding desig￿d to o)ver ￿p￿1Yrnent ￿lated costs.
Bulldlng r•palr and malnt•nanc•: Funding desIg￿d lo cover th& I￿1 of building repair arHI maintenance.
D￿crIptIon, nature and purpo•e ol unrn•trlcted lund•:
G•n•ral Fund•: General fvnd rtpresents fijnds availat4e to spend at thg discrets"￿ of Ihtr tru¥lees.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
Unrn•tsl¢t
Fund•
L)o•lgnat•d
Fund•
R••trfct•d
Funds
Total
2024
N•t Current assets
128.
29.7e6
165,975
7,650
128.
29,786
165.975
An•ly•l• ofn•t 41•th bthwen fund•. pr•vlou• y•v
Unr••trlcted 0o•lgnat•d
Fund•
Fund•
R￿trkt•d
Fund•
Total
2023
Fixed assets
Net Current 488ets
134
22.541
134
193,99S
128.
28.958
22.67S
128,WJ
29,858
181,092
31

WATERLOO ACTION CENTRE
NOTES TO THE FINANCIAL STATEMENTS (Contld)
FOR THE YEAR ENDED 31 MARCH 2024
IS.
DEFERRED INCOME
2024
2023
Bal8n¢¢ Pmought foThYdrd
Arnounl rdeased to in¢om¥ inthèyear
Amounl dol¢rrnd in the year
Balance carried
16.
SHARE CAPITAL
The cornpany is limited by guèr8ntse and have a sh¥r& ¢aprtal dNided by shaftrs. The trustees gr8
alw the directors of the compary. All the trusiees are rnernbers ol the company and guarantee to cA)ntribute
£1 in event olwn(ling up.
17.
PEN810NS
The pensicn cost charge represenls contrit*Jli￿s payable by the ch8rty lo the fvnd and arnounted to
£1,60312023- £1.9581 Conth'buts)ns totalthg £35812023- £2941 ￿re Payab￿ lo the fvnd at the year end
and are included in creditor8.
RELATEO PARTYTRANSACTIONS
The charity recaved £1,C#J)12023- £3,(￿> Irc¥n T￿ Phyl Hughie Wlliam$ Charitable Trust of whlch
JenThler Stile8 is a truste8.
Details ol transactions wlh tA￿tte3 senicf fflanagem￿t are in Th)te 9. There were no other felated party
Iransadions duftng th& year.