Do¢usign Envelo￿ ID.. 6EE798AA-CB2eA9FWC9-AOFA737CSe60
Charity registratlon number 296034
Company regSslratlon number 01963453 {England and Wales)
BARONS COURT PROJECT LIMITED
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

Oocuslgn Envelope ID.. 6EE798AA£82fv49FD44C9-AOFA737C5860
BARONS COURT PROJECT LIMITED
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees
Andrew Magowan
{Chair unlil 16th September 2024 and
resigned on the same day}
(Resigned on 20th May 20241
{Appoinled as Chair on 161h
September 20241
(Appointed as Treasurer on 16th
September 20241
Deborah Holl
Andrew Mccoll
Michael Edward Pope
Agala Ellioll
Shauleen Mpofu
Sue Fennimore
Yvonne Obuaya
Caryn Van Niekerk
Slan Rlthards
(Appointed on 20 May 2024}
(Appointed on 16th September 2024)
(Appointed on 16th September 2024)
(Appointed on 02 June 2025)
Secretary
Michael Angus
Senlor Management Team
Michael Angus
Charlty number
296034
Company number
01￿3453
Reglstered offlcè
69 Talgarth Road
London
W14 gDO
Independent examlner
Samlr Shah FCA. ATII
Ramon Lee Ltd
Charlered Accourilanls
93 Tabemade Slreel
London
EC2A 48A
Bankers
Nalwesl Bank PIC
W6 OQD
22 Kings M311
Hammersmilh
London
Webslte
www.baronsc￿￿
ro ecl or

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BARONS COURT PROJECT LIMITED
CONTENTS
Page
CHAIRMAN'S REPORT
Tnjstees report
Independent examlnerfs report
10
Slalemenl of finandal #clivilies
11
Balance sheet
12-13
Slalemenl of cash flows
14
Noles lo the financial slalemenls
15-30

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BARONS COURT PROJECT LIMITED
CHAIRMAN'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
Michael and the team have had another successlul year supporting the Barons Court Proiecl's {BCPI guests and
have done a great job in diversifying our funding with some fanlaslic corporate partnerships. Their generosity and
Ihe continued support from Hammersmith and Fulham Council has helped the BCP remain a vital part ol the local
community.
As highlighted by the case studies lo which Michael refers. the BCP has a significant and long-lerm impact on our
clients, lives, and I thlnk this is why Michael 8nd the team are so successful in finding new partners and donors.
HomeLexs Made continues lo go from slrenglh to slrenglh and we look fo￿ard lo welcoming even more artist and
prole¢l$ In the year ahead.
As always there have been unexpected challenges during Ihe year. These have been mel and overcome because
Mlchael and his slaff and our guests ahvays embrace Ihe spiril of the BCP and have worked together to keep the
show on the road.
We expect lo see conlinued need in the years ahead lo broaden our strategies lor funding and evolve our offering.
particularly as government budgets gel lighter and lighter.
The planning ol celebrations for the 40th anniversary are well afool and. in particular, Ihe Raise the Roof campalgn
could have a huge impacl on the Project and sel11 up for the nexl 40 years!
Once 8g8in. I congr8lul8te Michael and his team. our partners and sponsors. and all our guests on keeping the BCP
al the heart of the communily and maklng a huge dlfference to the lives of the vulnerable In Wesl London.
Si￿34q11124OF...
Andrew Mccoll
Chair ofthe Managèment Commlttee
121512025
Date..

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present Ihelr annual rerKJri and financial stslemenls for the year ended 31 March 2025.
The financial slalemenls have been prepared in accordance with Ihe accounting policies sel OLTrI in nole 1 to the
nancial slalemenls and comply with the Charily's Ichaiilable company limited by guaranleel. the Charities Act
2011 and "Accounting and Reporting by Charities.. Statement of Recommended PTaclice applicable lo charities
Pfeparing their accounts in accordance wilh Ihe Financial Reportin9 Standard applicable in the UK and Republic of
Ireland IFRS 102)" leffeclive 1 January 20191.
Objectlves and actlvltles
The oblecl. for which the charity was eslabllshed, as staled in the Memoiandurn and Articles of Associalion. 18 10
provide services for people vulnerable through mental heallh problems and homelessness in the Hammersmilh 8nd
Fulham Area.
We achieve our objectives by runnlng a Drop4n Day Centre at our operallon81 addres5 and lo provide practical.
supportive and empowering seNices lo vulnerable people.
Achlevements and performance
The pasl year has been Incredibty busy. when you gel lo Ihe slalislics you will be able lo read the oulpuls that we
have delivered and the Impact Ihey have had. all designed lo care for the needs of our guests In Body, Mlnd or
Spinl.
As well as Ihe day lo day work the￿ have been some incredible Ihlngs to feport (most￿ posillvell:
In May we were pleased lo welcome Shauleen Mpofu lo our Board. Shauleen ￿fjfted us aftèr meeling me 81
Speed Matching Event organised by The Fore Trusl al Blackrock'5 Offices.
In June we were privileged lo host a visit ffom the United Slales olAmerica, professlonal lennls player, Ben Shellon.
The visit was or9anised wilh the Lawn Tennis Association and one of our partners. City Harvesl, who deliver food lo
the project that would olherwise go lo waste. Ben was playing in the Cinch Tennis Touin8ment at our neighbours
The Queen's Club. Ben not only had a loui of Ihe sile lo leain about our service and what we offer. bul also mel two
of our HomeLess Made Arlisls and heard from them about the diffeience we make. You can see a film ol the visit on
YouTube.
In Augusl a crack appeared in a ceiling in the office below mine. Thankfully we evacualed the office immediately, as
over the weekend the ceiling collapsed. My then Chair asked if I had been dolng my best River Dance Impression In
my office an¢J If this had caused the collapse. but as I have two left feel. dancing Is not on the agenda. The debris,
damage and dust was incredible, bul many of our supporters responded lo a call lo help fund the works necessary
to clear the space, repair wiring. install a new eeiling, decoiale Ihe office and pul down new carpel.
In September Stephen Cowan. Leader of HammersmÉth and Fulham Council. caTne lo officially open otjr new
Garden. The garden makeover. which is phenomenal, had been undertaken by Rohan Web51er and his leam from
Sludio Monlagv. They worked very hard in Iheir own lime, working pro bono. whilst the BCP paid lor materials.
Thanks lo a National Lollery Grant and using some money IiorD a Legacy ffom the Late Alderman Kenneth Michael
Cariwrighl, we were able to complete the WOTks. The space is (Jeeply apprecialed by community. We also used
this opportunity lo thank Andrew Magowan. Previous Trustee and Chair for B y8ars of setvice lo the proje¢l and lo
wish him well.
Two new Irustees joined lo strengthen our board. we are grateful to Caryn Van Niekirk and Yvonne Obuaya for
joining the team.
In October we were approached by Chelsea Foolball Club and The Cheslea Foundation who presented to us their
fir51 Chri51mas Campaign. We would feature in a campaign lo WrapUPWarm Wesl London's Rough Sleepers. 11
would feature Cole Palmer with his signature rubbing of his biceps. as a way lo relate back lo people being warm.
There were so many elemenls lo Ihe campaign induding donations of brand-new Chelsea FC Merchandise,
including warm winlef Coals. a cameo appearan￿ in the slar-sludded advert. artides about our wod< on Ihelr
website and social media. a visit lo the project lo meet oui guesls by Levi Colwill. Tosin Adarabioyo and Marcus
Bellinelli and finally trie bein9 interviewed pitch side al Iheir game on Boxin9 Day. The campaign raised

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
£90,000 for projects working lo end rough sleeping. To be selected to partner with Chelsea FC and work with a
global brand was incredibly special, il not daunting. bul the team from the dub and foundation have been a joy lo
woik with and the partnership conlinues.
In November we were selected as The Legal Direclor's Chosen Charily, Ed Simpson and his team have undertaken
fundraising events for us. allended the project and have been great lo partner with.
December is OLFr bLFsiesl month bul wofks to inslall new water tanks in the Loft had lo be done. This resulted in the
project having no running water and therefore having lo close for fvvo days. Thankfully our friend5 al 245
Hammersmilh Road responded lo a call and provided a space for us lo move lo. showers for those that needed
them. care packages for our guests and even pul in a Christmas Tree lo welcome Ihetn. We were supposed lo have
8 Christmas Dinner on those days hosted by The Hillon Olympia, bul sadly this could not lake place, bul they were
good lo Iheir word and came in Febiuary and cooked a very specbal meal for the community.
In February we were selected as Taylor Wessing's Charity Partner lor the next three years. 11 has been greal 10 See
this partnership develop and we have enjoyed meeting people Iiom the team and hostin9 staff in volunteering roles.
All part ol our strategy to widen support.
The year ended in March with people from The Legal Direclor undertaking The London ￿Ik for us and The
Chelsea Supporters Trusl doing their annual sleepoul al Chelsea FC. for us and Sloll Veterans Houslng Assoclallon.
Statlstlcs and Outputs:
Guest Demographlcs:
850/0 were Male. 150/0 Female. 12% were under 25, 47% aged 2544. 36% aged 45*5 and 5% were 65+. 35% were
disabled under the Equality Act.
Body - the practlcal servlces to meet the baslc human needs of those Ilvlng on our streets
900 people supported with over 21x1 new guests.
11,170 allendanees (many more via remote supporil
8.247 meals
5,787 showers
1.827 loads of laundry
2.051 items of dolhing dislribuled and many more ordered and sent to the asylum seeker team.
33 Podiatry Appointments
41 Oral Hygiene Checks
65 Referrals lo GPIDenlisl
78 Hairculs
61 Eye Tests and Free Glasses
21 had sexual health advice and screening
8 bowel cancer screening
72 guests h8d Mental Heallh Appointment with nurses on sile
300 Asylum seekers were supported with clothing and olhei ilems in partnership with the Council's Asylum-seeker
learn.

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT {INCLUDING DIRECTORS, REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Mind- 1-1 support to help acces$ housing. benefits and employment.
The Project Workers dellvered:
965 1-1 advice sessions lo 470 individuals.
Supported 180 rough sleepers inlo accommodation (75% prlvale rented, 10% supported housing, 15% hostels..
outreachlst Mungo's).
220 benefit support appoinlmenls
Made 30 referrals for immigration suppoTVLegal ￿¢1.
70 people recelved employment support with 25 successfully galnlng employment (some as self-employed dellvery
drlvers).
Made 10 ESOL referrals.
Splrit- Our Activities Programme that enables Ilfe In all Its fullness
Prolecl Workers organlsed group outings lo.. Cinerna, Thames Cruise. Kew Gardens, Chelsea FC Malcli, Sladium
Tour & Chrlslmas Dinner. Theatre, Football. Min￿Go1f, Ping Pong. Tennls and Laser T8g.
Art classes are run Iwlce weekly by a guesl volunteer.
A weekly Women's Group meets with on average 8 parti¢ipanls for wellbeing.
Reported Improvements:
690/0 guests reported an improvement In physical wellbeing. 74% an improvement in emotional wellbelng and 830
Teduclion in social isolation.
Case Studle$'. Ilnltlals have been used for anonymltyl.
Case Study- L'$ Journey- From Homelessness to Hope
L. a 35-year-old woman of European and African heritage. became homeless after losing her lemporary
aecommodalion arranged by a north Lorbdon Council. Delays in resolving her immigration status and difficulties in
accessing domesliG violence support services leli her wilhoul options. fofcing her lo sleep rough in Hammelsmilh &
Fulham. During this period, she was Introduced lo Ihe Barons Couri Proieci IBCP) by anolher guest. We Provided
her wllh breakfast and lunch. showeis. laundry and elean dolhing.
L faced numerous Inlersecling challenges.. homelessness, $ubslance misuse. unresolved Immlgralion mallers,
significanl menlal heallh difficulties. 8nd the trauma of domestic abuse. Reco9nising the complexity of her needs,
BCP acted swiftly. connecling her with Glass Door's winlei nighl shelter and coordi4)aling with a range ol
professionals including outreach teams. women's refuges. council departments. and social workers-to develop
tailored support plan.
Through ongoing support and inter-agency collaboralion. L has made remarkable progress. She has remained free
from her abuser for over a year an¢J has successfully oblairbed EU Sellled Status-a vilal slep lowards long-lerm
slabilily. Currenlly, she is living in lemporary counc¢l 8ccommod81ion and receiving support from the Wesl London
Mental Healih team, where she is undergoing an ADHD assessmenl.
Now feeling more emolionalty grounded, L is actively woiklng on her reeovery fmm subslance misuse and engaglng
with mental health setvices. She is also exploring part-lime employment opportunities. Her long-lem aspiration is lo
reunite wilh her children once she feels lully stable and ready.
L's journey illuslrales Ihe resilience of individuals facing adversity and highlights the vital role of consistent.
compassionate sUPPOrt. With the righl resources and guidance. she is rebuilding her life arbd moving toward a
hopeful, independenl fulure.

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Case Study- S's Journey to Stability and Independence
Background:
S is a 28-year-old male originally from Erilrea. Following his eviction from Home Office accommodation. he faced
approximately eight monlhs of homelessness. allernaling between rough-sleeping and sofa-surfing. During this
lime, he engaged in precarious, cash-in-hand employment and experienced instances of exploilalion.
Inltlal Contact..
S was referred lo us Ihrough an outreach team. Working dosely wilh them. we were able lo secure a place for him
In a hostel and subsequently refer￿d hlm lo Glass Door and Lea Bfidge supported houslng.
Support Provlded-
We offered S a range of tallored support seNlces to help him regaln stability=
Houslng Asslslance.. Relerral lo supported housing.
Employment Support.. Creation of a CV. employment advice. and referral io an ESOL {English for
Speakers of Olher Languages) course at Wesl London College.
Practlcal Help.. Provision of meals. showers. la¢Jndry facilities, a SIM card. and clothing donations.
Flnan¢lal Support: A travel voucher from Ihe Winter Supporl Fund lo assist wilh Iransportalion to his new
accommoiialion and lob Inlerviews.
Progress:
S is now in stable housing and has allended several job inleNiews. He is currently awaiting responses from
potential employers. Addilionalty, he is on the waillisl for a Level 3 ESOL course, which commences in September.
Outcomes and Relleclion$'.
S's outlook has significantly improved. The initial long waillisl for ESOL had caused feellngs of hopelessness, bul
with housing stability and communily conneclioiis. hi5 morale has lifted. He has made many Eritrean ffiends through
8CP and feels oplimislic about his future in London. Grateful lor Ihe support he received. S has also expressed a
desire lo give back by volunleering, saying he feels "very lucky lo come here."
Corporate Partners
Our plan was lo increase our Corporate Partners, 8s Ihey are incredibly important lo us. en8bling us lo do Ihings
th81 we would nol be able lo undertake vAlhout them.
We have been pleased lo continue lo work with:
Olympia Events, Immediate Media, The Sytner Group. Tales Es181e Agen1$, Sybarile, The Legal Direcior. and Taylor
Wessing. We hope to increase Ihis lisl furiher in the cDmin9 year.
HomeLess Made
HomeLess Made conlinues lo grow. Sales increase¢J by 50Qh in the past year. We are delighted Ihal we have many
more slockisls across the counlry and in the very heart of London at Sl MaTlin-in-Ihe-Fields, who have a long history
of supporting people experiencing homelessness. We are indebled lo our partners that have enabled us lo exhibit al
Top Drawer and trade al Ihe Ideal Home Christmas Show. We have held a number of successful art exhibitions
across London including al the Adelphi Building. Immediate Media and The Posl Building. Pop-up stalls have given
us a chance 10 Sell our cards wilhout people having lo buy online and pay postage. and we have been al Ihe
Hammersmilh Summer and Wnler Festivals. Wandsworth Bridge Road. and in office blocks across Ihe cily.
Running these stalls is also a gieal way for volunteers lo help us.
Our vison is that 'everyone Can live the life they deseNe'. Our work is done with kjve al the heart. lo enable thi5.
Love for our guests who may not feel loved. so that they can love themselves and in turn olhers. We are grateful lo
all who have sUPPOrted and enabled us to jOUTney through the year wilh Ihose we seNe and hope Ihal Ihis will
continue in the year ahead.

Docuslgn Envelope10.. 6EE798AA-CB2649FD-84C9-AOFA737C5860
BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Financlal revlew
The Slalamenl of Financial Aclivilies showed nel SLtrplus of £30.454 (2024 - Sufplus £70.7771 for the year and
reserves sland at £578.08512024 - £547.6311. The financial position al the year end revealed by the Balance Sheet
shows net currenl as5els 01 working capilal 01 £298,662 {2024- £264,377>. The nel book value of fixed assets held,
811 of which are used direclly for chaiitable purposes, amounted lo £279,423 (2024- £283.2541-
In 2018. London Borough of Hammersmilh and Fulham transferred the property 69 Targarth Road. London W14
9DD valued al £240,000 to the charity lo lurther ils aims and objectives. The property is recognised as a reslllcled
fixed asset in the financial slalemenls. The nel book value ol the property is £201.600 al the year end and is shown
8s a restricled fund balance carried foThvard.
Investment Powers and Pollcy
Investment decisions for Barons Court Projecl are taken on Ihe advice of the Managemenl Committee whose
members have a finance. inveslmenl or commercial background. Barons Court Project's investment policy is lo hold
some reserves in a deposil account
Prlnclpal Fundlng Sources
The main funding sources for the charity are grants and donation$. Breakdown of the Charily's funders are provided
on pages Notes 3 and 4 to the Financial slatemenls.
Reserves Policy
The Management Commitlee has considered the level of reserve whlch should be maintained wilhin the Charity and
this is reviewed annually. Such resevves are needed lo cover the worklng capllal. the risk of possible shortfalls In
chaiilable income and other contingencies.
As al the year end, flnanclal slalemenls showed reserves 01 £578.08512024 - £547.6311, ol which £202,51812024 -
£207,935) was reslricled. The Tiuslees have set aside designated funds tolalling £245.00012024 - £220.0001 for
spedlic purposes as follows=
1. The Major Repalrs Contlngency Fund
We wanl lo ensure our building is very well m8inlained. il is a home lor Ihose that ¢Jo nol have one. We Iherelore
hold a fund for major repairs and renewals that we nNghl need lo make lo keep Ihe building in lop shape. Al the
year end the fund had a balance of £30.000.
2. Tanglble Flx8d Assets
Tangible Fixed Assets funded by unreslricled funds fecoonlsed separately from General Funds which are ffeely
avaiable lor expenditure. Al the year end the fund had a balance of £77.823.
4. Social Enterprise Manager
HomeLess Made continues to grow and deveFop. We will use funds lo pay for this part Ilme role for a year from 1 sl
January 2026. Al the year end the fund had a balance 01 £31,000.
5. Bulldlng Extonsion
We are exploring the option lo convert the allic into another floor. Archilecls have been commlssioned to draw plans
and we will seek lo fltnd works lo add capacrly to our cenlre. Money has been pul aside lo work on this. At the year
end the fund had a balance of £36,121.
6. Exlsting Committed Funds
Existing commilled funds repTe5enl financial resources specificalty allocAled lo support project workers in the
upcoming fancial yeais. These funds are essenlial lor ensuring Ihal we can effeclively manage and sustain our
project. providing Ihe necessary support and resources for our slaff. Al the year end. Ihe fuiid had a balance of
£70,056.
The charity's free reserves al the en¢J of the year slood 81 £130.565 (2024 - £119,6961- This is calculated by taking
unreslricled funds, lolalling £375.567. and deducting designated funds of £245.(X)O. The charity aims lo have 3
monlhs running cosis in reserves to ensure ujntinuity.

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
In line with the Charity Commission guidance free reserves are calculaled as the Charity's unreslricled nel assets
that are freely available lo spend wilhoul negalively impacting the Charily's operalions. The Management
Committee has sel a largel range of free reseNes based upon an allalysis of Ihe potential financial impacls of
5i9nificanl risks identified through Ihe Chaiily's risk management framework, weighted for likelihood and impact.
The princlpal sources of information which were laken Into account when selling the rese￿eS target range Ineluded=
R15k management framework
Bijdgels and foiecasis ta￿'n9 inlo account expected sources of income and their slabilily along wilh
èxpected costs.
Cash flow lorecasls
A going concern review undertaken as part of the year end proce53
Plans for future periods
Rough sleeping continues lo rise and the fulure cx>nlinues lo be unknown.
We have submilled 8 p18nning application lo 'Raise the Roof and converi our loft. as well as building oul onlo a flat
oof al the back of the property. With ever increasing numbers ol guests. needing our services, we need more
Space. For the past iwo winters. guests have come in after a nighl on the slreels and have had lo sll on the floor In
the lounge or sland in the calé lo eat their meal. this slmply Isn't the welcome we wish lo provlde. By converting the
loft into a purpose built art sludio and group work room, reordering our spaces and extending the laundry lo
increase PTovision and storage, we can provide the warmesl of welcomes. The works wlll Increase the spa¢e
available for guesls lo use by 45¥•.
Barons Court Project turns 40 in Ihe coming year as we have plans for a year of celebrations and events that wlll
look back, Yesterday, Take Stock, Today and plan for the future, Tomorrow.
We will Continue lo seek lo work with new Corporate Partners and increase the income slream that we have. We
will ensure there are plenly of opporlunilies for many more people to gel involved, because we know 51 is together,
only together that we wlll end homelessness.
Structure. governance and management
Governing Document
Barons Court Project Limited Is regislered as a company Ilmiled by guarantèe And not havlng share capllal. Its
operations are governed by ils Memorandum and Articles ofAssocialion IM&AAI.
The company was incorporated on 22nd November 1985 and registered as 8 charity on 26th January 1987. The
charity registration number Is 296034 and the company registration number is 01963453.
Appolntment of Trustees
As sel out in the Articles ofAssociation. the Chair of the Trustees is nominated by Barons Court Project Limiled. The
Directors of the organisalion are also the charity Truslees lor Ihe purposes of charily law.
The Board of Tfuslees have power to appoinl addilional Truslees as il considers fil lo do so. The Trustees have no
beneficial interest in the company olher than as members.
When considering vacancies for membefship. the Chair of the Managemenl Commiltee will first examlne member
skills audits lo identify any skills gaps. Suilabie applicanls woukj then be soughl Iiom..
Cur¥enl Managemenl Committee members {allhouoh Management Committee members are advised lo
avoid recommending people who are close colleagues. friends 01 ielatives as this may affecl the balance
and objeclivily of the Management Committees as a whole).
Local area advertisement
Local Volunteer Cenlre
Individual applications {direcl enquiies lo BCP Irom members of publicl
Specialist recruilment organisalions, such as REACH. Business on Board and so on.

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BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Organlsational Structure
Our organi5alional slruclure is made ol up lo eleven members. HoweveT, there are cuirenlly only nine servicirig.
They meet a minlmum of four times a year lo develop strategic plans and feview the operational guidelines and
policy of the Project. The Managemenl Commillee holds a range of reserve maller 8nd delegates eertain authority
lo the Directof in ofder lo run the organisalion efficiently. Mallers such as policy. slfalegy and budgets are Pfepared
by the piojecl team for consideration and approval by the Management Committee members who then monitor
Implemenlalion of this plan.
Rlgk Management
The Management Committee has a duly lo idenlity and review Ihe risks which the Charity faced and pul in place
appropriate controls to prowde reasonable assurance. Risks are identified and assessed al differenl levels against
the agreed strategic aims and objectives. Periodic reports are provided lo Ihe Managemenl Commillee members
highlighting Ihe key risks in specific areas and significanl changes in lisks. Health and safety moniloring is carried
oul by the Director on a regulaf basis lo implement policy and prO￿d￿reS
Risk is an everyday part of Ihe charilable activity and managing il effectively is essential il the Injstees are to
achieve Iheir key objeclNes and safeguard their charity's funds and assets. Thelefore, Ihe Project has developed an
appropriate Risk Management Framework which consists of the Risk Management policy and Ihe Risk Management
procedures as outlined in the Projecl operational guideline5.
The Project has an efficienl reserve policy lo miligale againsl finanaal risk by selling up a designaled fund lo
minimi5e the impact of unexpe¢led lall in Income and provide lor rise In charitable aclivilies and opeialional cost.
Inducllon and Training of Nèw Trustees
Management Commlttee members have a detailed undeTslanding aboul the scope of Ihe Prolecl's operallons,
having had 8 lour of the project. New members of Ihe Managemenl Commillee are given an information pack
onsisling of the Charity Commission guide "The Essential Tnjslee". together with a copy of the Memorandum &
Artlcles of Association. the Project's own Govefnance Guideline and a copy of Ihe lalesl audiled financlal
slalemenls.
The Management Committee receive regular updates abovl the adivilies of the Oropln Centre from the Oireclor al
the management commlttee meellngs.
Related Partles
The ehérily has relationships wilh relaled parties and other charities and organisalions with which il co-opeiales In
pursuil ol ils chaiilable ol'eclives.
Public Benefit Statement
In shaping our objectives for Ihe year and planning our aclivilies. the Iruslees have considered Ihe Charity
Commission's guidance on public benefit, including the guidance 'public benefit.. funning a charily {P02}. The
achlevemenls and aclivilies above demonslrale the public benefil arising Ihrough the Charily's aclivilies.

Docusign Envelope ID: 6EE798AA.CB2649FM4C9-AOFA737C5860
BARONS COURT PROJECT LIMITED
TRUSTEES REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees responsibilities
The Trustees. who are also Ihe direclors of Barons Court Project Limited for the purpose of company law. are
responsible for preparin9 the Tiuslees Report and the financial slalemenls in accordance with applieable law aad
United Kingdom Ac¢oLtntsng Standards {Uniled Kingdom Generalty Accepted Accounting Praciice).
Company Law requires the Trustees lo wepare finanual statements foT each financial year whlch glve a true and
fair view of the slate of affairs of the Charity and of Ihe incoming resources and application of resources, including
the income and expenditure, of the charitable company for Ihal year.
In preparing Ihese financial statemenls. the Trustees are requlred lo-
select suitable accounlino policles and then apply them consislentty:
- observe the methods and principles in the Charities SORP:
- make judgements and estimates that are reasonable and prudent-, and
prepare the financial slalemenls on Ihe going concem basis unless il is inappropriate lo presume Ihal the Charlly
will conlinue In operalion.
The Trustees are responsible fof keeping adequate accounling records thal disclose with reasonable accufacy 81
any lime Ihe financial position ol the Charily and enable them lo ensure that the financial slalemenls comply with
the Companies Acl 2006. They are also responsible for safeguardin9 the assets of the Charity and hence for lakSng
rea50nable steps for Ihe Pfevenlion and detection of fraud and olher irregularilie3.
The Truslees report was approved by Ihe Board of Directors and Trustees and signed on its behalf:
S￿￿•d by..
OJ280580S*1240P .
Andrew Mccoll
Chalr
121512025

Docuslgn Envelope ID.. 6EE7g8AA-CB2￿9FD-84¢9AOFA737C586o
BARONS COURT PROJECT LIMITED
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF BARONS COURT PROJECT LIMITED
I report lo the Truslees on my examination of the financial slalemenls of Barons Court Projecl Limiled {Ihe Chafityl
for Ihe year ended 31 March 2025.
This report is made solety lo the charity's Iruslees. as a body. accordance with Ihe Chariknes Act 2011. My work
has been undertaken so that I might stale lo the chaiity's Iruslees Ihose mallers l am required lo slate lo Ihem in an
independent examinei's report and for no other purpose. To the fullesl exlenl permilled by law. I do not accept of
assume responslbilily lo anyonè olher than the eh81ily and the chariV$ ITusiees as a body. for my Independent
Examination, for this report, or lor Ihe opinions I have lormed.
Responslbilltles and basls of report
As the Trustees of Ihe Charity land also ils d1￿clorS for Ihe purposes of company law) you are resptsnsible for the
preparation of the financi81 slalemenls in accordance with the requirements ol the Companles Ael 2006 Ilhe 2006
Act).
Havsng satisfied myself that the financial slalemenls of Ihe Charity are nol required lo be audited under Part 16 of
the 2006 Act and are eligible for indepen(Jenl examination, I report in Tespecl of my examinalion of Ihe Charity's
rinancial slalemenls carried oul under Section 145 of Ihe Charities Act 2011 Ilhe 2011 Acll. In carrying out my
examination I have lollowed all the applicable Directions given by the Charity Commission under section 145151{b)
of the 2011 A¢1.
Independent examlner's slatement
Since the Charily's gross income exceede¢J £250,000 your examiner musl be a member of a body lisled In secllon
145 01 Ihe 2011 Act. I confirm Ihal l am qualified lo underfake the examination because l am a mefflber of the
Inslilule of Chartefed Accounlanls of England and Wales {ICAEW), which is one of Ihe listed bodies.
I have compleled my examination. I confirm that no matters have ¢ome lo my allenlion in conneclion with the
èxamlnallon givlng me cause lo believe Ihal In any malerial respect..
accounting records were nol kept in respecl of the Charily as required by seclion 386 of the 2006 Acl,. or
Ihe financial slalemenls do nol accord wilh Ihose records. or
Ihe financial slalemenls do not comply wilh the a¢counling requirements of seclion 396 of the 2006 Act other
Ihan any requirement that the accounts give a true and fair view which is nol a matter considered as part of an
Independent examination; or
the financial 51alemenls have not been prepared in accordance with the methods and principles of the
Slalemenl of Recommended Practice for accounting and reporling by chariliès applicable lo charities
preparing their accounts in accordance with Ihe Financial Reporting Slandard applicable in the UK and
Republic of Ireland IFRS 102).
I have no concerns and have come across no olher mallers in conneclion wilh the examinalion lo which allenlSon
should be drawn in this report in order lo enable a proper Lbnderslanding of the financial slalemenls lo be reached.
Slgn•rfby.
eFA6I4218?IIF4CE...
Samlr Shah FCA, ATII
Ramon Lee Ltd
Chartered Accountants
93 Tabernacle Street
London
EC2A 4BA
10.12.2025
Dated:
10-

Docuslgn Envelope ID.. 6EE798AA482fA9FD-84￿A0FA737C5B6o
BARONS COURT PROJECT LIMITED
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING INCOMEAND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
Unrestrlcted Deslgnated Restrl¢ted
funds
funds
funds
Total
2025
Total
2024
Notes
Income from:
Donations and legacies
Charitable aclivilies
Other trading activities
Investments
173.766
161,113
31.947
2.797
173,766
301.626
31.947
2.797
192,762
329.486
22.186
1.615
140.513
Totsl income
369.623
140.513
510,136
546,049
Ex
enditure on..
Raising funds
64.724
64,724
56,068
Chanlable activities
269,028
145.930
414.958
419.204
Total expendlture
333,752
145.930
479,682
475,272
Nel movement In funds
35,871
{5.417}
30.454
70,777
Gross transfers betsveen funds
(25,0￿)
25,OLKJ
Net Incomlnglloutgolngl resource8
10.871
25.O¢XI
15.417)
30.454
70,777
Fund balances al 1 Aprll 2024
119.696
220.000
207,935
547,631
476,854
Fund balances at 31 March 2025
130.567
245.0
202.518
578.085
547,631
The slalemenl of firtaneial aelivilies InclLtdes all galns and losses recognlsed in the ye8r.
All Income 8nd expendilure derive from conlinuing aclivities.
The slalement ol financial a¢livilies also complies wilh the ￿quIrernents for an In￿rne and expenditure account
under the Companies Act 20L%.
11

Docusign Envelope ID.. 6EE798AA-CB2s49Ftk84￿AaF￿737CSe6O
BARONS COURT PROJECT LIMITED
BALANCE SHEET
AS AT31 MARCH 2025
2025
2024
Notes
Flxed assets
Tangible assets
12
279.423
283,254
Current assets
Slocks
Debtors
Cash al bank and in hand
13
14
7.302
15,311
370,142
7,840
17.565
308.558
392.755
333,963
Credltors: amounts falllng due wlthln
one year
15
(94.093)
169,5861
Nel currenl assets
298.662
264,377
Total assets less current Ilabllltles
578,085
547.631
Income funds
Reslricled funds
Unreslricled funds
Designated funds
General fund$
17
202,518
207,935
18
245.000
130.567
220,000
119,698
375,567
339.696
578,085
547.631
12-

Docuslon Envelope ID.. fjEE798M-CB2fA9F￿84￿AoFA737C586o
BARONS COURT PROJECT LIMITED
BALANCE SHEET (CONTINUED)
ASAT31 MARCH 2025
The company is enlilled to the exemption from the audit requirement contained in section 477 of the Companies Acl
2006, for the year ended 31 March 2025.
The members have not required the company to obiain an 8udil ol ils financial stalemenls for Ihe year in question In
accordance with section 476.
The directors a¢knO￿edge their responsibililies for=
ensufing that Ihe chaiilable company keeps accounling records that comply wlh Secllons 386 and 387 of
the Companies Act 2006 and
preparing financial stalemenls which give a Inje and fair view of Ihe slate of affairs of the charitablè
company as al the end of each financial year and of ils surplus or deficii for each financial year In
accordance wlh the requirements of Sections 394 an¢J 395 8nd which othe￿iSe cofflply with the
requirements ol Ihe Companies Act 2006 relating lo finanoal slalemenls, so lai a5 applicable lo the
charitable company.
These financial slalemenls have been prepared In accordance wlh Ihe provisions applicable lo companies sublecl
lo the sm811 companles regime.
121512025
The finan¢ial slalemenls were approved by the Trustees on
and were slgned on their behalf by..
pntd by..
In180J81isr240P':
Andrew Mccoll
Chalr
Company reglslrailon number 01963453
13-

Docusign Envelope ID.. 6EE798AA-C8264gFD-84￿A0FA737cS86O
BARONS COURT PROJECT LIMITED
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
2025
2024
Notes
Cash flows from operating actlvlties
Cash generated from operations
21
87,235
53,615
Investlng actlvltles
Purchase of tangible fixed assets
Investment Income received
(28.448)
2,797
{50,598)
1.615
Net cash used In Investlng actlvltles
{25.651)
{48,9831
Net eash used In flnanclng actlvltleg
Net Increase In cash and cash equlvalenls
61,584
4,632
Cash and cash equlvalenls al beglnnlng of year
308,558
303,926
Cash and cash equlvalents at end of year
370,142
308,558
14-

DocuswJn Envelope ID.. 6EE798AA.C82649FD-84CWFA737G5860
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcleg
1.1 Accounting convention
The financial slalemenls have been Prepared In accordance with Ihe Charily's Icharitable company limlled by
guaranleel, the Companies Act 2006. FRS 102 'The Financial Reporting Standard applicable in Ihe UK and
Republic of Ireland. {'FRS 102.1 and the Charities SORP "Accounting and Reporting by Charities.. Slalemenl
ol Recommended Practice applicable lo charities prepallng their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic ol Ireland (FRS 102). (effeelive l January 2019). The
Charity Is a Public Benefit Enlily as defined by FRS 102.
The financial 51alemenis are prepared in sterling. which Is the functional currency of the Charlty. Monetary
amounts in Ihese financial slalemenls are rounded lo the nearesl £.
The financial slalemenls have been prepared under the hislorical cost convenl¢on with items recognlsed 81
cosl or Iransaclion value unless olheNlse slated in the relevanl nole(sl lo these a￿O￿n(s.
1.2 Golng concern
The Charity's Financial Slalemenls show nel surplus 01 £30,454 lor the year and free rese￿e$ of £130,567.
The Iruslees arè of the view Ihal these results have secured the Immediate fijture of the Charily for the nexl
12 monlhs an(1 on this basis the Charity is a going concern.
1.3 Charltable fund8
Unreslrlcled funds are available to spend on aclivilies that further any ol the purposes of charlly.
Deslgnaled funds are unreslricled fund5 of the chailty whleh the trustee5 have decided al Ihell dlscrelion lo
set aside lo use for 8 spe¢ific purpose.
Reslricled funds are donations which the donor has specified are lo be solely used for particular areas of the
charlly's work or for specific projects being undertaken by the charity.
1.4 Income
All Income Is Included In Ihe consolidaled SOFA when the charily Is legalty enlilled lo 11. recelpt Is probable
and the amount can be measured with sufficienl reliability.
Grant Income
Grants are credited lo the SOFA when the charity 15 enlilled lo the lunds. Income Is only deferred where Ihere
are lime conslrainls imposed by Ihe donor or il Ihe funding is perlormance related.
Where enlillemenl lo grants receivable Is dependent upon fuifilmenl of condlllons within the charltys control,
the income is recognised when there is sufficient eviden￿ Ihal conditions will be mel.
Grants supporling the core activities of the charity and wilh no specific reslriclions placed upon Ihelr use are
included within donalions and legacies. Granls that have SPe￿riC reslriclions placed upon their use are
included wilhin income from charitable aclivilies.
Capital grants for Ihe purchase of fixed assets are credited lo reslricled incoming resources on Ihe earlier dale
of when they are re￿IVed or feceivable. Deprecation on Ihe related fixe¢J as5els Is charged against the
reslr¢cted fund.
15-

DocusSgn Envelope ID.. 6EE798AA-cB2649F[￿84c9-A0FA737cS86O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accounting pollcles
(Continued)
Donatlons and Legacle5
Donations are recognised in the peiicMI in which they are received. Legacy Income is re¢ognised when the
charity's entillemenl is ludged lo be probable and where the amount Can be reliabty measured,
Contract Income
Income from chArilable 8clivilies include income TecLJgnised as earned {as the related goods and servlcès are
provided) under contract.
Investment Income
Investment income 15 included when recelvable.
1.5 Expendlturo
Expenditure is recogni5ed once there Is a legal or conslruclive obligation lo transfer economic benefit lo a
third pariy, it is probable that a transfer ol economlc benefits will be required in selllemenl, and the amount of
the obligalion can be measured reliably.
Expenditure is classified under Ihe following activity headings:
Cos1 ol raising funds comprises the costs in Inducing others lo make voluntsry contrlbullons lo the
eharlly and Iheir assoeialed support costs.
Expenditure on charilable acliwlies includes the cosls direclly associaled with supporting people with
mental health problems and homelessness in the Hammersmilh and Fulham area, lo further the
purposes of the Chafity and Iheir associated support cosls. Irrecoverable VAT is ch8rged as a co81
against the activity for which ihe expendilure was incurred.
Allocation of Support Costs
Support costs ale those functions Ihal assist the work of the charity bul do nol (Jireclly undertake charitable
acllvilies. Support costs include back office costs, management, finance and adminislralion personnel, payroll
and goveinance costs which supporl Ihe Charily's programmes and aclivltles. These costs have been
allocated lo expendilure on charitable aclivilies.
1.6 Tanglble fixed assets
Tangible fixed assets are slated al cosl less depreeialion. Indivldual fixed assels costing £SOO or more are
capilalised al cost. Tangible fixed assets purchased from feslritled funding bul for general use ore transferred
lo unrestricted funds.
Depreciation Is recognised so as to write off the ¢0st or valuation of assels le5S their re51dual values over Ihelr
useful lives on the following bases..
Freehold land and buildings
Building Improvemenl
Fixtures, Filling5 an¢J Equipment
50 years
S years
20% slralghl Ilne
The gain or loss arising on the disposal of an assel is delemiined as the difference between the sale proceeds
and Ihe carrying value of the asset. and is recognised in the statement of financial aclivilies.
16-

Docusign Envelope ID.. 6EE798AA-CB2PA9F￿84c￿oFA737c586O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Accountlng policles
(Contlnuedl
1.7 Stocks
Stocks are staled al Ihe h)wer of cosl and eslimaled selling price less costs to trjmplele and sell. Cosl
comprises direct malerials and. where applicable. diiecl labour costs and those overheads Ihal have been
incurred in bringinu Ihe stocks lo their present location and condilion. Item5 held for distsibuliori al no or
nominal consideralion are measured the lower of replacemenl cosl and eosl.
Nel realisable value is Ihe eslimaled selling prlce less all eslimaled costs of completion and cosls lo be
incurred in marketing, selling and dislribulion.
1.8 Cash and cash equlvalenls
Cash and cash equivalents include cash In hand. and short leim cash deposits.
1.9 Flnanclal Instruments
The Charity only has finandal assets and financial Ilabililies of a kind that qualify as basic financial
Inslrumenls. Basic financial Instruments are inllially recognised al Iransaelion value and subsequently
measured al Ihelr selllement value with the exception ol bank loans whlch are subsequenlly measured 81
amortized cost using Ihe effective interest melhod.
1.10 Taxation
The Charity Is a regislered charity and. Iherefore. Is not liable for Income Tax or Corporallon Tax on Income
derived fr¢m115 charilable aclivilies, as11 falls within Ihe various exemplions available lo regislered charllles.
1.11 Credltors and Provlslons
Creditors and provisions are recognised where the charily has a presenl obligation resutting from a past event
that will probably result in Ihe transfer of funds lo a Ihird party and the amount due lo settle the obligation can
be measured or eslimaled rellabty. Creditors and piovisions are normally recognised al Ihelr selllemenl
amount afler allowing lor any Irade diseounls due.
1.12 Volunteers and Donated Servlces and Facllltles
Donaled professional services and donated facililies are recognised as Income when the chaiily has control
over the item, any cor¢dilions associaled wilh the donated item have been mel. the receipt of economlc benefit
from the use by the charity of Ihe item is probable and that economic benefit can be measured reliably. In
accordance with the Charilies SORP {FRS 1021, Ihe general volunleer lime ol Ihe Charily is not recognised in
the maln body ol the financial accounts bul detsil Is contained in the Trustees report.
On receipl, donaled Professional services and donated facilities are recognised on the basis ol the value of
the glft lo the charily which is the amount the charity would have been willing lo pay lo oblaln serwces or
facililie5 of equivalent economic benefit on the open maikel., a corresponding amounl is then recognised In
expendilure In the period of receipt.
1.13 Debtors
Trade and olher deblors are recognised al the selllemenl amount due aller any trade discount offered.
Prepayments are valtjed al Ihe amount prepaid nel of any trade discounts due.
1.14 Operating Leases
All leases are operating leases. and rentals are charged lo the Slalemenl of Financial Activities on a
slraighlline basis over the lease duration. No assets are held under hire purchase agreements.
17-

Docusign Envelope ID: 6EE798AA-cB2eA9Ft￿8￿C&A0FA737Cse6O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Crltlcal accountlng estlmates and ludgements
In the applicalion of Ihe Charity's accounting poliues. Ihe Tnjslees a￿ required to make judoemenls,
eslimales and assumplions aboul the carrying amount ol assels and liabilities Ihal are not readily apparent
from other sources. The eslimales and associaled assumptions ale based on hisloiical experience and other
factors that afe considered lo be relevant. Aclual resulls may differ from these e51imates.
The eslimales and undedying assumptions are reviewed on an ongoing basls. Revislons lo accounting
eslimales are recognised in Ihe period in which the eslimale is revised where the revision affect5 only that
period, or in the period of Ihe revision and luture periods where the revision affects both current and future
periods.
18-

Docusrgn Envelope ID.. 6EE798AA-CB2649FD-84C9-AOFA737C5860
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Donations and legacies
Unrestricted
funds
Total
2025
Total
2024
Assala Energy UK Ltd
Charity of Sli Richard Whittinglon
Donations
Lyne and Longcross PPC
Marsh Charitable Trust
Mr J D Pegg - Executor for Ihe Late Kenneth M C8rtwtlghl
Souter Charitable Trust
The Albert Hunt Trust
The Girdlers. Company Charitable Trust
Hammersmilh Apollo Limited
Otympia Limited
Garfield Weston FoundalSon
The Alma Je8n Henry Chari18ble Trusl
The Speedomick Foundation
The Sloll Foundation
The William Allen Young Charitable Trust
The Charlolle B0nhar￿Carter Charilable Trust
25,OCKJ
25,000
20,000
10,000
58,562
1,150
73.2
1,350
850
73,290
1.350
850
50,000
3,000
2,000
10.000
13.650
2.950
2,000
10,000
13.650
2.950
12.150
1,208
7,525
25,000
25,000
1.000
2.IXIO
11,676
5,000
25,000
1,000
2,000
11.676
5,000
4,167
173,766
173,766
192,762
19-

Docustyn Envelope ID". 6EE798AA-cB2￿9FD-84c9-A0FA737Cse6O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charitable activities
Charltable
Income
Total
2025
Total
2024
Access Foundation Grant (Social Investment Business Lldl
ACTS 435
A Fair Deal Action Research Fund
Boeing
Dr Edwards Bishop Kings Fulham Charity
Earls Court Community Fund
French Huguenol Church of London Charitable TTUSI
Hammersmilh United Charities
H&F Giving- Wnler Support Funds
Hawksford Trustees Jersey Ltd
Julia Rausing Trust
L8 of Hammersmilh & Fulham- 3SIF
LB of Hammersmilh & Fulham- Addttional Funding
LB of Hammersmilh & Fulham- MHG
London Calalysl- Sainafilan Granl
Mrs Smith & Mount Tiusl
Homeless Llnk-A Falr Deal Grant
Other Donation
Resillence Grant
Slreels ot London
The Chaflotle BonhanFCarter Charitable Trust
The Daisy Trust
The D'oyly Carte Charitable Trust
The Earls Court & Olympt8 Charily
The Friends of Charing Cross Hospital
The Hollick Family Foundation
The Light Funds
The London Community Foundallon
The Mahoro Charitable Trtssl
The Sir Jules Thorn Charitable Trust
The London Community Foundation- Cost of Living Crisis
The Nallonal Lollery Communily Fund
Truslhouse Chaiitable Foundation
UK Harvesl Lld
Vinlers. Foundation
5,500
440
5,000
14,571
575
575
5,495
17.750
s.￿0
4.167
8.000
7.395
25,000
49,140
75.C(JO
32.240
1.500
5,495
17,750
5,000
4,167
8,000
7,395
25,000
49,140
75,000
32,240
1.500
7,000
9.167
19,780
47.250
75,000
30,000
5,000
430
368
430
368
500
15.(KlO
4,000
3,000
2,100
15.000
4,000
3,000
2,100
3,500
1.400
5,000
3.000
5.833
3,000
5.833
5,175
5,292
12,500
5,833
3.000
12,500
5,833
3,000
4,286
78,333
5.000
3,935
3,935
2,000
5.000
2,000
5,000
Drop-in café income
4,365
4,365
2.292
301,626
301.626
329,486
Analysis by fund
Unrestricted funds
Reslricled funds
161,113
140.513
161.113
140,513
164,542
164.944
301.626
301.626
329,486
-20-

Docuslgn Envelope ID". 6EE798M-CB2649FWCMOFA737C5860
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Other trading activities
Unrestricted
funds
Total
2025
Total
2024
Income from Homeless made card sales
31.947
31.947
22.186
31.947
31,947
22.186
Investments
Unreslrlcted
funds
Total
2025
Total
2024
Bank Interest
2.797
2.797
1.615
2,797
2,797
1,615
Ra181ng funds
Unrestrlcted
funds
Total
2025
Total
2024
Slaff costs
Other fundrAlslng costs
Share of Support C051s (See nole 91
Share ol Governance costs (See nole 9)
56.420
5,079
3,078
147
56.420
5,079
3,078
147
40.930
10.357
4,658
123
64.724
64.724
56,068
21

Docusign Envelope ID.. 6EE798AA-cB2￿9FLWc9-AoFA737c586O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Charltable activities
Drop-ln and
outreach
Total
2025
Total
2024
Staff costs
Deprecialion and impairmenl
Computer supporl and l.T. maintenance
Temporary projecl worker
Volunteer costs
Premises costs
Consumables
Trips and Guests. Aclivilies
Drop-ln Expenses
Direct cost- Home{lessl card sale5
Profil share of Homelless) Gard sales
212,432
9,800
5,625
975
1,262
43.486
12.132
8,881
10,827
14,745
9,747
212,432
9,800
5,625
975
1.262
43,486
12,132
8,881
10,827
14,745
9,747
133,067
10,271
1,050
27.446
11,080
18,001
60,151
13,614
6,229
329.912
329.912
280.909
Share of 5UPPOrt costs (see nole 9)
Share of govemance costs {see note 9)
81.173
3.873
81.173
3.873
134.745
3,550
414,958
414,958
419,204
Analysls by fund
Unreslricled funds
Reslricled funds
269,028
145,930
269,028
145.930
247,179
172,025
414,958
414,958
419,204
-22-

DocusEqn Envelope ID.. 6EE7&BAA-CB2649FD-84C9-AOFA737C5860
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Support costs
The Charity initially idenlifies the costs of ils support functions.11 Ihen Identifies those costs which relate lo the
goveinance function. Governallce costs and other support costs are apportioned separately between charity's
key activity undertaken {see notes 7. 8) in the year. All the general support and governance costs are
allocated ID aclivilies at different percentages. based on staff lime and the number of seNice delivery hours
attributable to each activity.
Support Governance
costs
Costs
Total
2025
Total
2024
Staff costs
Depiecialion
Recrullmenl and training
Premises
Communications eosl
Computer support and l.T. maintenance
Professional expenses
Insurance
88nk charges
Sundry expenses
Independent Examiners fee
19,294
22.479
7.111
4.832
4,940
5,624
11,124
4.060
910
3,877
19.294
22.479
7,111
4,832
4,940
5,624
11.124
4.060
910
4,097
3,800
69.045
22.709
11,952
6,861
5,517
5,274
10,953
3.741
769
2,655
3,600
220
84.251
4.020
88.271
143.076
Analysed belween
Fundraising
Charitable aclivilies
3,078
81,173
147
3,873
3,225
85.046
4,781
138,295
84,251
4,020
88,271
143,076
10 Net movement In funds
2025
2024
Nel movement in funds is stated aftef chargingl{credilingl
Independent examination
Depreciation ol owned tangible fixed assets
3.800
32.279
3,600
22.709
11 Employees
The average monthly number of employees during Ihe yearwas..
2025
Number
2024
Number
Direct project work
Fundraising
Strategy. setvice management, finance and administration
Total
-23-

Docusign Erivelope ID.. 6EE798AA-c82649F[￿84c9-AOFA737c&96O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
11
Employees
(Continued)
Employment costs
2025
2024
Salaries
Nalional Insurance
Pension
265,603
15.098
7,445
227,338
14,605
6.317
288,146
248,260
The 8verage monthly number of per60ns employed by Ihe charity durlng Ihe year was 6 {2024- 51-
No Truslee received any remuneralion during the year (2024 - £niD. No Trustees recelved relmbursed
expenses during the year12024 £nill.
The key management personnel of the charity comprise of the Executive Officer. The lolal employee benefils
Ilncluding employer's penslon conlrlbulion) of the key managemenl personnel of Ihe charity wero £68,726
12024- £67,734).
The number of employees whose annual remuneralion was more than £60,(X)O
Is as follow5.'
2025
Number
2024
Number
£60,0001 £70.000
12 Tanglble Ilxed assets
Freehold land
8ulldlng
Flxlure5.
and bulldlngs Improvemenl Flttlngs and
Equlprn8nl
Cost
Al 1 April 2024
Addilions
240.000
103.s99
9.363
65,968
19,085
409,567
28.448
Al 31 March 2025
240,000
112,962
65,053
438,015
Depreciatlon and Impaimient
Al l April 2024
Depiecialion charged in Ihe year
33,600
4.800
59,016
18.077
33,697
9.402
126,313
32,279
Al 31 March 2025
38,400
77.093
43,099
158.592
Carrying amount
Al 31 March 2025
201.600
35.869
41.954
279,423
At 31 March 2024
206.400
44.583
32.271
283,254
-24_

Docusign Envelope ID.. 6EE798AA-CB2649FD44C￿OFA737c586O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS {CONTINUED}
FOR THE YEAR ENDED 31 MARCH 2025
13 Stock5
2025
2024
Finished goods and goods for resale
7,302
7,840
7,302
7,840
14 Oebtors
2025
2024
Amounts falling due within one year:
Trade debtor¥
Other debtors
Prepaymenls and 8ccnJed income
233
1,711
13,367
1,089
1,828
14.648
15,311
17,565
IS Credltors: amounts falllng due wlthln one year
2025
2024
Notes
Other taxation and sodal securlty
Deferretj income
Trade creditors
Other creditors
Accrued expenses
5,540
70,056
1,78S
48
16,664
8,155
31,595
24,881
16
4.955
94,093
69.586
16 Deferred Income
2025
2024
Movements in the year..
Deferred income al 1 April 2024
Released from previous periods
Resources defeired in the year
31.595
(31,5g51
70,OJf6
83,491
{83.4911
31,595
Oeferred Income al 31 MaTth 2025
70,056
31.595
Deferred income represents grant income 01 £6.250 from Earls Court Community Fund5. £4.167 from The
Hollick Family Foundalion, £4,167 from The Mahofo Charilable Trust. £12.500 from The London Community
Foundation, £14,955 from The National Lollery Community Fund. £5.833 from HaTnmer5fTiilh United Charities
and £22,165 froffl Hawksford Ttuslees Jersey Ltd.
-25-

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J£££L

Docusign Envelo￿ ID.. 6EE798AA-CB2&49FLk84C&AOFA737C5860
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
18 Designated funds
The income fun(Js of the charity include the following designaled funds which have been sel aside out of
unreslricled funds by the Iiuslees for specific purposes-
8alanc8 at
1 Aprll 2023
Tr•nsfers
Transfers
Balanc• ot
31 March 2025
1 Aprfl 2024
Second Fundraiser
Social Enterprise Manager
Information Technology
Major Repairs Contingency Fund
Tangible Fixed Assets
Garden Project
Commilled Funds - Oeferre(J Income
Bulldlng Exlenslon
30,(MXI
40,000
20,000
29,836
44.164
2.000
32,000
40.000
{32,000)
19,000)
31,000
(20.OW)
(19,073)
32,688
{6.000)
31.595
28.790
10.763
76,852
19.237
971
30,000
77,823
31,595
28,790
38,461
7,331
70.056
36.121
170,000
50,OQKI
220.000
25,000
245,000
Second FundraSser - As we need to work on new funding streams. we are going lo appoint a second
fundraiser lo work on bringing in (und5 from events. communily sources and corporate partnerships. Social
Enlerprfse Manager - HomeLess Made conllnues to grow and develop. We will use funds lo pay for thls part
lime role lor the nexl Iwo year5.
Soclal Enterprlse Manager- HomeLess Made continues lo grow and develop. We will use funds lo pay for
this pari lime role lor the next h¥0 years.
Informatlon Technology - We need lo overhaul out IT and have allocated funds lo cover new haftlware and
the support costs.
The Major Repalrs Conlingency Fund - We wanl lo ensure our bullding is very well maintained. il Is a home
for those that do not have one. We Iherefofe hokl a fund for malor fepaiis and renewals that we might need lo
make to keep the building in lop shape.
Tangible Flxed Assets
Tangible fixed assets funded by unreslricled funds recognlsed separalely from
General Fund$ which are freely available for expenditure.
Garden Project - Our garden is ulilised all year round in all weathers. il acts as another room. We have been
given the chance lo work wilh an amazing lan(Jscaper. who is offering his Ilme pro bono, lo undertake works
lo make the gaiden more appealing and useable throughout the year.
Commltted Funds - Exisling commilled funds represent financial resources speclfically allocated lo support
project workers in the upcoming financial yeai. These funds are essential for ensurin9 Ih81 we can effectively
manage and sustain our Pfoject. providing the necessary support and resources foi our staff.
Bulldlng Extenslon - We are exploring Ihe oplion lo convert the altic inlo another floor. Archttects havè been
commissioned lo draw plans and we will seek lo fund woiks lo add capacily lo our cenlre. Money has been
pul aside lo work on Ihis.
-28-

75

Oo¢uslgn Envelope ID.. 6EE798AACB2￿gF￿84￿AOFA7J7CS86O
BARONS COURT PROJECT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
20 Related party transactions
There were no disdos8ble related party transactions during Ihe year (2024 - none).
Llablllty of Members
The charity is constituted as a company limited by guarantee and does not have a share caplt81 dlvided by
shares.
21
Ca
h generated from operations
2025
2024
Surplus for Ihe year
30,454
70,776
Adjvslmenls for:
Investment income iecogni5ed in slalemenl of finanual aclivilies
Oeprecialion and impairment ol tangible fixed assets
(2.797)
32.279
11,615)
22,709
Movements In Wofklng capital..
Decreasellincreasel in slocks
Decreasellincreasel in debtors
{Decrease}lincrease In creditors
Increasel{decre3se) In deferred income
538
2.254
(13,9541
38.461
13,9021
16,0141
23,557
{51,896)
Cash genèrated from operallons
87,235
53.615