PADDINGTON CHARITABLE ESTATES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31" DECEMBER 2025

THE PADDINGTON CHARITIES
These Accounts relate to the Paddin£ton Charitable Estate (Charity No.212102), the
Paddington CharStable Estates Educatlonal Fund (Charlty No. 312347) and the Paddingto
Relief in Need Charity (Charity No.810132). These three Charities are distinrt in terms of
thelr beneficiaries but are managed by one Board of Trustees.
The Paddinzton Charitable Estate is an endowment Charity providin£ Income for the
Educational Fund and Relief in Need Charities. The Paddington Charitable Estates
Educational Fund incorporates the former Miss Hawkins Woodfield Foundation. The
Paddington Charities (Paddington Charitable Estates, Paddlngton Charitable Estates
Education Fund, and Paddin£ton Relief in Need Charity) are administered to£ether for the
support of organisations and individuals In the Old Padd7ngton Borough In the areas of
education and welfare.
With the dissolution of the Paddin2ton Borou2h and its incorporation into the new City
and Borough of Westmlnsrer various funds were ret2ined and today are invested to
continue the charitable purposes that were previously administered by the borou£h of
Paddington. These funds are made up of previous public funds and welfare charitles
associated with the Parish churches of Paddington. This inheritance is today expressed in
govefrknce" trustees being nominated by Westminster City Council and the Incumbents of
Parish Churches In the old borough and today's area of benefit.
In 2025 Trustees adopted the accrual-based accounting policy which means matching our
expenditure to the same accounting period as income is received. The benefits of adopting
this means a more accurate financial picture and compliance with UK GAAP and SORP
principles. This will enhance our decision making and fund allocations. An implication of this
is an increase in finance and administration costs for both the Clerking Service and the
Audit Fee. the 2025 Cost being payable in 2026. In 2025 a depreciation policy for the
purchase of the Charity's Laptop (purchased in 2024) was also agreed.
In addition to the relief in need for immediate aid payments, welfare grants, penslons and
grants to schools the following organisations were supported:
At The Bus, to assist with arc session for school chiiar-::
Westminster children's University (Forest School)
The Mosaic Community TrusL to support unemployed BAME mothers
Real action Ltd, to assist with butterfly reading programme and exercise books.
Queens Park primary schooll and Westminster Children's University
Queens Park Bangladesh Association
The Avenues Youth Project, to assist with half term October activities 27-31 October 2025
The 6th East Paddlngton Brownies

The Chinese information and adyice centre
Age UK We5ttrtinster
Having committed some payments over No financial years Trustees are aware of the need
to ensure funds are in place during a calendar year to meet expectations, however it is
becoming clear that we may in the future commit to funding only a percentage of the
amount requested in applications wh71st advising on other sources of income.
The Reverend David Ackerman
Chairman
July 2026
APPROVED BY THE TRUSTEES ON WEDNESDAY, 4" NOVEMBER 2026,
SIGNED .....................................-................ .
Chairman of the Board of Trustees

PARKER BIRCH
23 St Petsrs Road
Great Yarmouth, Norfolk NR3038Q
The Trusteès of the Paddington Charilable Estatès
Clo Mr R Sivain-Johnson
4 Lanhill road
Maida Vale
London W9 2BP
27 July 2026
Dear Slrs
PADDINGTON CHARITABLE ESTATES AND PADDINGTON WELFARE CHARITIES
I have reviewed the books and records maintained by the Trustees and have
completed th8 following audit t8Sts on the transactions-
(a) a sample of 40 cheque payments was taken. Each payment Was vouched to
SLlPPOrting documentation and the posting in the nominal ledger was verrfied.,
(b) a sample of 16 income transactions recorded on the bank statement was
taken. Each item was vouched to supporting documentation and the posting
in the nominal ledger verified.,
(c) th8 trial balanc8 was ch8ck8d to the nominal18dg8r'
(d) the figurès in the accounts prepared wer& agreed to the trial balance;
(e) balanc8 8h88t items w6r6 ch6ck8d to supporting documentation;
(f) cash payments and receipts were totalled and agreed to the reconciled bank
balances shown in th6 accounts at 31 December 2025
(g> minutes of the Trusteeg Meetings were èxamined.
Based on this r6Vi6w and the audit t8Sts complet8d, I would conclude that th8
Statement of Accounts is a true and fair representation of the transactions of the
Paddington Charitable Estates and Paddington Welfare Charities for the year
8nded 31 December 2025.
If you have any queries on this matter, please contact me on 07880 307838.
Yours faithfully
Nick Parker
NICK PARKER FCA

PADDINGTON CHARITABLE ESTATES
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31" DECEMBER 2025
Detalls
Notes
Charltable
Estates
(Endowment)
Education
Fund
Relief in
Need
(Part of
Endowment)
INCOME
Dividends and Interest
TOTAL INCOME
101.529
101,529
20,827
20,827
7,810
7,810
EXPENDITURE
Management and Administration
Food Coupons
Pensions
Annual Grants to Schools
22.881
4,693
1,760
16,150
75,001
26,900
6,764
Grants to Ofganisations
Grants to Individuals
Grants for Immediate Aid
TOTAL EXPENDITURE
7,200
1,663
10,800
37,573
22,881
113,358
NET INCOMEI (EXPENDITURE)
78.648
192.531)
129,7631
Transfers between Funds
Net Purchase5 and Sales of
Investments
Balance brought forward at
01.01.2025
Balance carried forward at
31.12.2025
178,6481
62.918
15,730
14,130
53,655
122,4971
14,130
24.042
(36,530)

PADDINGTON CHARITABLE EsfATES
CONSOLIDATED BALANCE SHEET
FOR THE YEAR ENDED 31" DECEMBER 2025
2025
2024
FIXED ASSETS
Investments at Market Value
Listed Investments
3,481,508
3,265,641
CURRENT ASSETS
Sundry Debtors
Computers
Short-term Deposits:
Cazenove
li
13
72,000
524
393
COIF
Black Rock Charlties UK Bond Fund
M & G Charlbond
Cash at 8ank- Royal Bank of Scotland
Cash at Bank- Barclays
Cash in Hand
29,872
10,050
28,647
9,898
1,463
9,227
24,853
50
34.028
26,837
101.185
155,802)
45.383
146,662
142,214)
104,448
Less: Current Liabilities- Creditors
NET CURRENT ASSETS
12
TOTAL ASSETS LESS CURRENT LIABIUTIES
3,526,891
3,370,089
FUNDS
Charitable Estates
Education Fund
Relief in Need
io
2,643.673
631,154
252,064
3,526,891
2,490.447
628,101
251.541
3,370,089

PADDINGTON CHARITABLE ESTATES
CONSOLIDATED CASHFLOW STATEMENT FOR THE YEAR ENDING
sr
31 DECEMBER 2025
2025
Net Cashflow from Operating
Activities:
Net Expenditure per Statement of
Financial Activities
Increase in Creditors
Decrease in Debtors
Decrease in Assets
Investing Activities:
Withdrawal-cash
1,642
13,588
72,000
11311
Net Purchase and Sale of
Investments
Decrease of Value of Deposlts
Increase in Cash and Cash
Equivalents {as shown)
159,2651
{1,4631
26,371
2025
2024
Change
Short Term Deposits
Cash at Bank
Cash in Hand
39,922
60.865
40,291
34,080
50
13691
26,785
100,792
74,421
26.371
Cash and Cash Equivalents as at
31, December 2024
Cash and Cash Equivalents as at
31st December 2025
74.421
100,792

PADDINGTON CHARITABLE ESTATES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025
GENERAL
These Accounts relate to the Paddington Charitable Estate Icharity No.2121021, the
Paddington Charitable Estates Educational Fund (Charity No. 3123471 and the Paddington
Relief in Need Charity Icharity No.8101321. These three Charities are distinct in terms of
their beneficiaries but are malla8ed by one Board of Trustees. The Paddington Charitable
Estate is an endowment Charity providing Income for the Educational Fund and Relief in
Need Charityes.
The Paddington Charitable Estates Educational Fund Incorporates the former Miss Hawkins
Woodfield Foundation.
ACCOUNTING POLI
The Accounts comply with the Ststement of Recommended Practice ISORPI on Accountin8
and Reporting applicable to Charities, issued by the Charity Commission, and provlding
guidance on how to apply the Financial Reporting Standard (FRSI.
The Account5 comprise of-
A Statement of Financial Activities for the year that shows all Investment Income to
the Charit(es and all Expenditure incurred, being mainly Brants to OrBanisations and
Individuals-,
A Consolidated Balance Sheet that shows, the Assets, Liabilities and Funds of the
Charities.- and
These Notes which expand the Accounting Statements referred to the above and
Include a Cashflow Statement and an explanation of the basis for Transfers between
Funds.
Further information on the 8eneral financial position is contained in the Annual Report
which should be read in conlunction with the Accounts.
Listed Investments are shown In the Balance Sheet at Market Value, and the Notes to the
Accounts show the Origlnal Cost lor 8ook Value) of these Investments.
The only Tangible Asset recorded is a Laptop Computer used exclusively by the Padding
Charitable Estate's Treasurer/Accountin8. Computers are held at Net Book Value and is
depreciated at a rate of 25% per annum usingthe Straight-Line Method.
Sums due to or from the Charities are recorded at the time they become due or payable.

PADDINGTON CHARITABLE ESTATES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025
NOTES TO THE FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31" DECEMBER 2025
l. Income
The comparison of Income for all Funds with the previous Financial Year is as follows..
Total Funds
2025
2024
Dlvldends and Interest
Multi-Asset Funds
Property
Bonds
136,390
482
1,090
137,962
7,796
130,166
125.597
16,267
2,908
144,722
7,570
137,202
Less.- Management Fees
Total Dlvldends and Interest
endlture
The eomparison of Expenditure for all Funds wlth the previous Financial Year 15 as
follows:
Total Funds
2025
2024
Management and Administration
Food Coupons
Pension5
Grants to Schools
Grants to Organisations
Grants to Individuals
Grants for Immediate Aid
29,334
16,442
5,405
11,500
73,550
38,358
13,823
44,919
16,150
75,001
34,100
8,427
10.800
Total Expendlture
173,812
203,997
None of the Trustees have been paid any remuneration or received any other Benefits
from an Employment within the Charities or a related entity, and no Trustee Expenses
have been incurred.

PADDINGTON CHARITABLE ESTATES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025
NOTES TO THE FINANCIAL ACTIVITIES (continued)
3. Mana
ement andAdmlnistrotion
The Management and Administration Expenditure is mainly comprised of Fees Payable
to Westminster City Councll for the day-to-day administration of the Charities and
ongoing support to the Trustee51£22,6601 Accounting and Financial Advice provided
to the Trustees1£4,9441, the Audit of Annual Accounts l£1,3701 ** and Miscellaneous
Expenses1£3601. The Expenditure Is allocated to funds on the basis of Investment
Income. °Includes 2024 Fee of £11,000 & ' Includes 2024 Fee of £670.
4. Pensions
A Pension is paid to up-to elderly Paddington Residents in Need. Nominations to the
scheme are made by A8e UK. The Annual Amount was £150 plus a Christmas Bonus of
£200.
5. Annual Gra
stosch ol
Grants are made to the Voluntary Aided or Special Arrangement Church of England
Schools in Paddington towards the Purchase of Sites, Building Works, or Alterations and
Repairs. Grants of £75,001 for 2025 were apportioned to eight Schools on the basis of
the number of Paddington Pupils on each School Roll.
6. Grants to Or
unisations
Grants are made to Organi5ations operating with Paddington. The 2025 Activities and
Outings included the Westminster and Queen's Park Primary Children's Universities, the
Avenues Youth Club and the 6th East Paddington Brownies. A grant was also made to Age
UK for Christmas Activities, the Butterfly Readin8 Prosramme and the Autumn Festival at
the Chinese Information & Advice Centre.
7. Grants to Indlvlduols
Grant5 are made at the discretion of the Trustees to assist the Individuals in furthering
their Education, includingthe need for a School Uniform and SwimminB Lessons. We also
meet Welfare Needs for the purchase of Furniture and Household Equipment.

PADDINGTON CHARITABLE ESTATES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025
NOTES TO THE FINANCIAL ACTIVITIES (continued)
8. Trans
erg between Funds
The Net Annual Income of the Charitable Estate is transferred to the EduCa￿On Fund
Ifour-fifthsl £ and the Relief in Need Charity lone fifth) in accordance with the Scheme
approved by the Chairty Commission.
9. Llsted Investments
The Listed Investments are shown at Market Value and Categorised as follows:
2025
2024
Multi-Asset Funds
Property
Total Market Value
3,336,258
145,250
3,481,508
3,060,745
204,896
3,265,641
The Hlstorlt Cost of these Investments was £2,789,11712024'. £2,717,130).
The Permanent Endowments included above are as follows:
2025
2024
Charitable Estates
Relief in Need
2,592,034
223.588
2,507,090
85,787
2,815,622
2,592,877
10. Funds
The Analysls of Fund Balances are as follows:
Charitable
Estates
Education
Fund
Rellef in
Need
Total
Funds
Balances at 01.01.2024
Increase in Investment Values
Reduction in Current Balance
Decrease in Bond Values
2.490,447
192,327
(29,0561
{10,0451
2,643,673
628,101
16,903
{7,6761
{6,1741
631.154
251,541
3,370.089
6.637
215,867
{3,4731
{40,205}
12,6411
118,860}
252,064 3.526,891
Balances at 31.12.2024

PADDINGTON CHARITABLE ESTATES
NOTES TO THE FINANCIAL STATEMENTS AS AT 31" DECEMBER 2025
NOTES TO THE FINANCIAL ACTIVITIES (continued)
11. Sundr
Debtors
SLsndry Debtors arises from an Overpayment of Grant- £O.0012024- £72,000).
12. Current Liabilitie5- Creditors
Consists of:
l. Uncleared Cheques £ 21,871
2. Accruals
£ 33,931
13. Flxed Assets
The Only Tangible Asset Class is Laptop Computer. Computers are depreciated using
the 'straight-line method, at 25% per annum.
Asset aass
Cost Price
Attumulated
Depreclatlon
2025
Net Book
Value
2024
Net Book
Value
Computers
(Laptop)
524
131
393
524
524
131
393
524