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← St Cuthbert's Centre

2025-03-31-accounts

REGISTERED COMPANY NUMBER: 02510482 (England and Wales) REGISTERED CHARITY NUMBER: 803638

REPORT OF THE TRUSTEES AND

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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

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Wn Of A48 24/12/2025 #105 - COMPANIES HOUSE

ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE)

CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 MARCH 2025

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2025

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

Background

St Cuthbert's Centre ("the Centre") originated in 1987 as a three-year joint venture between St Cuthbert's Church PCC and The Rufford Foundation in response to Fr. Bill Kirkpatrick's visionary approach to tackling distress in the inner-city area of Earl's Court. The project opened in the church hall premises in January 1990 and later that year was incorporated as a separate entity, operating independently of the church as its tenant.

In 2017 the Centre collaborated with Food for Soul, a charity founded by the renowned chef Massimo Bottura: Chef Patron Francescana Family, Founder of Food for Soul, UNEP Goodwill Ambassador and SDG Advocate, and Lara Gilmore: Co-founder, President Food for Soul, Restaurateur Patron of Francescana Family. Food for Soul has brought an enhanced offering to the Centre. Through joint fundraising the Centre was completely refurbished, and enhanced meal services utilising surplus food were provided.

The branding of the Charity changed to Refettorio Felix at St Cuthbert's Centre to reflect both this and the ongoing relationship with the Felix Project who provide almost all the surplus food.

OBJECTIVES AND ACTIVITIES

Principal objective

The principal objective of the charity, as defined in its Memorandum of Association (incorporated into the Articles of Association), is the relief of poverty, hardship, sickness and distress amongst persons in Greater London. In practice, the charity concentrates on those requiring such relief who are situated in and around the Royal Borough of Kensington & Chelsea, where the charity's premises are located.

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2025

OBJECTIVES AND ACTIVITIES

Aims and activities

The Centre's mission is to improve the health and wellbeing and relief of poverty of its guests by first addressing their most immediate and basic needs. Once these are met, the Centre can begin tackling the deeper, systemic barriers that often prevent individuals from accessing mainstream support services - maintaining stable housing, integrating into the community, and achieving financial independence - all of which are essential to preventing both short- and long-term homelessness.

A core focus is early intervention, particularly in mental health. The Centre assesses and supports guests experiencing mental health issues, aiming to prevent deterioration and to reduce the need for more costly treatment. Its service model is structured to maximise flexibility and responsiveness, in order to meet the changing needs of its guests and to support each individual's rehabilitation.

At the heart of the Centre is a day facility - a safe haven and early intervention ‘safety net' for people who are marginalised, isolated, or in severe hardship. Many guests face significant challenges such as homelessness, physical issues, older age and mental illness (including dementia), substance misuse, extreme poverty, and social isolation. Often living alone and lacking self-confidence, they may avoid or be unaware of state support available to them. Without the Centre, many risk falling through the cracks o f the system entirely.

Through consistent support and guidance, the Centre helps guests build independence and confidence, enabling better access to both statutory and specialist services. Beyond immediate relief, the Centre focuses on empowering individuals to regain self-respect and self-reliance, with the goal being their reintegration into the local community and broader society.

The Centre's core daily service is a free, 3-course restaurant-quality lunch, served Mondays to Fridays accompanied by free wraparound support. Prepared to restaurant standards by professional chefs using surplus food donations, the meal is served by volunteers to guests seated at large refectory-style tables, chosen to encourage sociability. Menus are tailored to improve guests’ nutritional intake; the environment is designed to uplift self-esteem and to offer a peaceful refuge from daily hardships, By creating a welcoming, dignified space, the Centre encourages guests to engage with the wider support services available on-site.

Public Benefit and Help and Support offered at the Centre

The Trustees have had regard to the Guidance of the Charity Commission on public benefit which it fulfils through its principal objective which is stated above and as further set out below.

The Centre provides a day centre that is a safe haven and early prevention "safety net" for the marginalised, alienated and dispossessed. Many of the Centre's guests are dealing with major challenges, including homelessness, physical and mental ailments including dementia, substance misuse and extreme poverty. Many live alone, attempting to cope with old age or ill health, social isolation and sometimes major psychiatric conditions. Due to their fragility and lack of self-confidence they are often unaware of, or hide away from, welfare professionals and in the absence of the Centre might slip off the community's radar altogether and deteriorate on their own.

By providing good food in a comfortable environment, served by volunteers, we hope to encourage guests to seek out assistance from the various ancillary services provided at the Centre.

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2025

ACHIEVEMENT AND PERFORMANCE

Overview of 2024/25

Despite meeting - and often exceeding - our core objectives, this has been a challenging year financially. The tougher fundraising climate in the country, combined with our change of senior leadership, meant we had to draw on our reserves to cover core costs.

Nevertheless, thanks to the dedication of our staff, volunteers, and contractors, the quality and consistency of our lunch service and broader support programmes has remained high. This is reflected in the continued engagement of our guests, volunteers, partner organisations, and staff. ,

Operations

Lunch Services

Our free indoor lunch service remains central to what we do, offering a 3-course meal to 60 - 80 guests daily. Mcals are prepared using surplus food that would otherwise go to waste, with a focus on nutrition and flavour, served restaurant-style by our committed Chefs and volunteers. Our longstanding partnership with The Felix Project continues to play a vital role in sustaining this service. Our takeaway lunch service, introduced during the pandemic, ran at capacity throughout the year, extending our reach to those unable to attend our indoor service, including those who weren't able for multiple reasons to eat inside. For example, families with young children and others experiencing hardship.

Mental Health Support

Since launching in November 2023, our Community Counselling and Psychotherapy Service CCPS, - led by the Mental Health Coordinator Tina Hilaris, - has grown steadily. We now host3 trainee therapists and have become a sought-after placement site. Our Mental Health Coordinator has now completed her training and has become a qualified BACP Clinical Supervisor.

In early 2024, we introduced Pathway to Therapy, a pre-therapy service led by a Clinical Psychologist. This offered clients a space to explore emotional issues and consider longer-term therapy. We also continued our collaboration with LCAT (Art Psychotherapy), welcoming student placements each year from November to May.

Seasonal & Shelter Services . Christmas 2024 was a great success, with three festive events for different guest groups (over-60s, homeless gucsts, and regulars), feeding over 140 Christmas meals and an additional 80 supported with a Christmas lunch takeover. We also provided 150 takeaway festive meals and distributed gifts and hampers, generously donated by Harrods, Fidelity and KKR as well as receiving additional funding from Octopus Group internal fundraisers In November 2024 BNP Paribas raised over £5,000 for us with a charity relay bike campaign day at their office site, which we attended. BNP Paribas also match funded this fundraiser which we are so grateful for. It was an amazing atmosphere and very encouraging to be the recipient of such encouragement and generosity from their team in person.

Support services

Support Workers play a vital role in assisting vulnerable adults experiencing hardship and complex needs. Through practical support and personalised planning, they promote independence, stability, and well-being, while also addressing safeguarding concerns and mental health challenges.

Our dedicated Support Workers, at the heart of our service, are often the first point of contact for clients. They provide compassionate, hands-on support, assess individual needs, and ensure accurate record-keeping. Their work includes offering immediate practical help and safeguarding interventions, as well as triaging clients to appropriate next steps, such as key workers for housing issues or referrals to our mental health services.

Our lunch service continues to serve as an essential gateway to a broad range of emotional and practical support. These include counselling, referrals, and complementary therapies. Since the introduction of the Green Rooms, our purpose-built therapy space next has significantly expanded our capacity to deliver these services and support holistic well-being.

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025 .

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We are now able to offer free counselling and art psychotherapy to our guests, eliminating the waiting times they would experience on the NHS or the need to pay. In addition to the counselling sessions, we also offered, Craniosacral therapy treatments. Furthermore, in partnership with Glass Door, RBKC, Age UK, and the NHS community nurse and dental nurse, multiple specialist |-to-1 advice sessions were provided. This year our regular weekly winter Night Shelter in partnership with Glass Door was offered to women only again. Over the 22 weeks of operation, 158 different women stayed at least 1 night, with an average of 31 guests each night. This was with our head chefs providing a 3-course evening meal for all attendees, staff and volunteers. The Centre also acts as a day shelter for the Night Shelter guests giving them additional advice, support, food and a place to keep warm.

Staffing and Governance The FY2024/2025 period has ushered in a time of significant change, both for our staff team and our Board of Trustees. Whilc this has brought its challenges, it has also marked a period of renewal.

After the departure of the Chief Executive Officer on 8 November 2024, the Charity appointed Roger Clark to the position of Interim CEO on a part-time basis. His extensive experience was invaluable in steering the Charity's transition to a new management structure. . In April 2025, a Director of the Centre replaced the previous CEO. Nicholas Haines is to be appointed to the newly created role,. having worked at the Charity for the previous 20 years, first as Deputy Manager, then as Head of Operations.

Subsequently Roger Clark is to join the Board of Trustees to support the ongoing sustainability of the Charity. It was agreed

that the Board would also restructure.

Effective from Ist April 2025, 5 long standing Trustees stepped down, including the Chair, Richard Parker. The four other departed Board members are Julius Bozzino, Martin Shenfield, David Yianni and Miranda Keast.

A new Chair, Amanda Coldrick and a new Treasurer, Alan Brown, were appointed from the Trustees.

We take this opportunity to thank all the retiring Board Members for their support of and dedication to the Centre over multiple years of service. We would also like to express an extra heartfelt thanks to Richard Parker, our long-standing Chair, for all his kind guidance and care.

Volunteers

In FY2024/2025, we had 82 independent volunteers and 58 corporate and community groups who generously donated 10,131 hours of support directly to our lunch service. In addition to this, we also had a dedicated volunteer art teacher running our popular weekly art group.

The volunteers who support us are local individuals, community groups and corporate volunteers, with a wide range of skills and knowledge. They have done exceptional work during the year by committing to the continued positive evolution of our core objectives and aims. Our wonderful kitchen volunteers enable us to offer different cuisines from various cultures, keeping our lunches varied and maximising their appeal led by our wonderful co-head chefs.

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Food for Soul Partnership

As part of the Refettorio network, we are proud to continue our partnership with Food for Soul as they expand their mission across the globe. Together, we are united by a shared commitment to food sustainability an issue that demands urgent attention as environmental challenges escalate at an alarming rate. We are honoured to be part of this long-term partnership and part of the global movement, amplifying the call for more sustainable and equitable foods ystems.

Our heartfelt thanks go to Food for Soul for their ongoing, incredible support and unwavering dedication.

New partnerships

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

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REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2025

We are thrilled to be welcomed to the Octopus Group Family, alongside Fields in Trust, as their new charity partners. Over the next three years, we will be collaborating to drive meaningful change and make a lasting impact in our communities together.

As part of this partnership, we are grateful to be offered an unrestricted grant of £45,000 each year along with wrap-around support, leveraging Octopus Group's resources, time, and skills to enable us to grow and achieve our missions.

Together, we look forward to creating a brighter future and makinga real difference.

Octopus Group are dedicated to building authentic partnerships with their charity partners. Their aim is to foster collaborations that act as a catalyst for positive change, combining their resources to create meaningful impact within our local community. They want to use their funding, skills and time to enhance Refettorio Felix's support and influence within the communities we serve.

With food insecurity rising to astonishing rates across the UK and with the cost-of-living crisis driving more people to need the support of foodbanks, we have seen a correlating exponential increase in the need for our services. We are rising to the current challenge, and we are delivering programmes that are designed to provide both essential and unique services to ensure that all our guests can feel physically, emotionally and practically supported.

We are so delighted to harness the enthusiasm of Octopus Group. We know that this 3-year partnership will help us realise some of our ambitions for the future, enabling us to better serve our community in times of great need. There are no words to say how grateful we are to have Octopus’ support on this journey with us.

KeyStatistics

For the 12 months period ending 31 March 2025, we saved 25,075kg of surplus food from going to waste compared to 19,189kg last year, which was used to create our delicious restaurant-quality lunch service:

Number ofLunches Served
Month Lunches New Guests
2024/25 2023/24 2024/25 2023/24
April
May		 1,242
1,170		 783
888		 68
72		 38
46
June 1,186 989 59 61
July 1,350 1,069 61 44
August 1,414 1,238 70 52
September 1,158 1,059 76 62
October
November		 1,414
1,225		 1,146
1,123		 82
102		 83
113
December 888 684 59 63
January
February
March		 1,241
1,148
1,318		 982
1,129
1,161		 79
74
87		 59
69
72
Total 14,774 12,251 889 762

In tandem with our indoor service, we also provided 18,095 takeaways within the same period to an estimated 300 guests.

Guest survey 2024

In our Autumn 2024 Survey, since attending Refettorio Felix:

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE) REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

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These statistics are stated as a percentage of those surveyed.

Fundraising and income

We reccived significant donations from the B&Q Foundation, BNP Paribas, City Bridge Foundation, Drapers Company, ECDC, Harrods, The Hollick Family Foundation, KKR, The K&C Foundation, The Julia Rausing Trust, Octopus Group, Schutz Engel, and Veronica & Lars Bane Foundation. We also received significant in-kind donations from The Felix Project and Wild Farmed. In addition to this, we also received many other smaller donations, all of which are essential in funding our service.

We continued the promotion of the private venue hire element of our income. This helps the charity become more financially stable by deriving income from the hall when it is not being used for its charitable mission.

In addition the Charity hosted a number of fundraisers. This year, the Earl's Courtiers returned with their production of Cabaret, presented in company with our fine food. The event was well attended and proved to be a successful fundraiser.

We also hosted three fundraising evenings: collaborated on a community Open Mic night, held a lively Quiz Night, and celebrated with our annual singalong at the King William IV in Hampstead Heath. Additional support , We are so grateful for additional support that we have received via charity collaborations that have allowed us to support our guests further, including Beauty Banks and their toiletry donations working to end hygiene poverty; The Good Things Foundations and the free data we can distribute via National Databank; and KindWinter for sleeping bags we have been able to give to guests who are rough sleeping.

Update on tenure

The previous leases of the main hall and the adjoining offices (Green Rooms) in Philbeach Gardens expired on 23 December 2024. The Trustees signed a new lease for 12 months at the end of 2024, and we are now on course to sign a licence enabling the Centre to continue at St Cuthbert's site for a further 7 years.

FINANCIAL REVIEW

Financial results for the year ended 31 March 2025

The results include those of Refettorio Felix Ltd, the Charity's wholly owned trading subsidiary.

Our reserves have decreased from £352,800 on 31st March 2024 to £167,620 on 31st March 2025 in contrast with our budget which had projected remaining flat year on year. There are several factors which contributed to the resulting deficit. We could not meet our grant fundraising, corporate and event income goals due to a changing and more challenging funding environment and an overly ambitious target related to our events income. In order to stabilise finances, we have had a complete change of leadership structure across our board of trustees and senior management team.

In addition to this, we incurred a number of unforeseen exceptional costs related to human resources, building and unforeseen staff and interim contracted staffing.

We have since implemented changes to our fundraising strategy and long-term planning as well as exploring additional fundraising avenues. We have significantly reduced our expenses by streamlining our staff team and closing our takeaway service. These changes have resulted in a saving ofjust over £10,000 per month.

With these changes that have taken place and with our more structured and long-term focus, we have seen a stabilising effect on our finances in 2025. Should we achieve our ambitions for FY2025-26, we hope be in a position to grow our reserves.

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the Year Ended 31 MARCH 2025

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STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is constituted as a company, limited by guarantee, as defined by the Companies Act 2006 and governed by its Articles of Association. The Trustees (who are the Directors of the Company and form the Board of Directors) have full responsibility for the charity's values, mission, strategy and budget. The operational decisions are led by the Chief Executive using his delegated authority from the Board of Directors, assisted in the day to day running of the charity by a team of staff and volunteers.

Risk management

Staff reduction and restructure, spending cut plan in place.

The following statistics demonstrate the reach the Centre has as a direct result of attracting guests to our lunch service:

Stats summery

Presenting issues for mental health support include anxiety, depression, trauma, acute MH, mental health issues connected to circumstances (e.g. housing issues, financial issues (including NRPF) and crises.

Specifically with RF Community Counselling and Psychotherapy Support (CCPS) there have been 304 appointments with 30 unique guests. (These numbers are in addition to the mental health support detailed above).

This has involved one to one counselling psychotherapy, art psychotherapy and additionally a short-term health & wellbeing drop in with counselling CBT. ;

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

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REPORT OF THE TRUSTEES for the Year Ended 31 MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

This year marks our 35th anniversary; a moment of reflection, renewal, and celebration. As we honour our journey and achievements, we're embracing this milestone as an opportunity to refresh our identity and step into a new chapter with renewed energy and purpose.

Our dedicated team, which included two chefs, two full-time and two part-time support workers, working closely alongside our Administrator, Mental Health Coordinator, Trusts and Foundations Manager, Events and Marketing Officer, Head of Operations, and Interim CEO. Together, we began a process to reduce risk by carefully lowering our spending and reviewing our fundraising.

By the end of the year, we had streamlined our operations, moving to one chef. Our Interim CEO started transitioning towards a board member role, while our Head of Operations wil! step into the position of Director.

These changes mark the beginning of a new phase focused on financial sustainability. We are excited to move forward into a new cra of collective collaboration, with a united team ready to embrace the future together.

Refettorio Felix at St Cuthbert's Centre is embarking on a transformative journey to deepen its impact, improve financial sustainability, and broaden its reach within the community. By focusing on quality over quantity, diversifying service offerings, and forging new partnerships, the charity aims to create a robust, inclusive, and innovative platform for education, support, and community engagement.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number 02510482 (England and Wales)

Registered Charity number : 803638 .

Registered office

51 Philbeach Gardens Earl's Court London SW5 9EB

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Trustees

Michael A Anderson Julius M Bozzino (resigned 20.3.25) Alan J Brown (Treasurer) Richard J I Parker (resigned 20.3.25) Martin A F Shenfield (resigned 20.6.25) David J Yianni (resigned 20.3.25) Miranda E Keast (resigned 7.2.25) DeborahAmanda LouiseMarie RuddyColdrick _ (Chair)

Company Secretary

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ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE)

REPORT OF THE TRUSTEES

for the Ycar Ended 31 MARCH 2025

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies. Approved by order ofthe board oftrustees ON ..........ceseseseseeseeeeeterereee12/18/2025 anid Signed on its behalf by: .

ener ane seseeesseneeveveueateuenentereees

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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

Independent examiner's report to the trustees of St. Cuthbert's Centre (a company limited by guarantee) (‘the Company’) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one ofthe listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

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Maurice Brindley BSc FCA

Date: 22/19/2025

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ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE)

STATEMENT OF FINANCIAL ACTIVITIES

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT)

for the Year Ended 31 MARCH 2025

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||||||||| |---|---|---|---|---|---|---|---| |31.3.25|31.3.24| |Unrestricted|Restricted|Total|Total| |funds|funds|funds|funds| |,|Notes|£|£|£|£| |INCOME|AND|ENDOWMENTS|FROM| |Donations|and|legacies|2|363,371|40,000|403,371|392,960| |Charitable|activities| |Hall|lettings|and|events|5,579|-|5,579|9,342| |Investment|income|3|8,782|-|8,782|12,070| |Total|377,732|40,000|417,732|414,372| |EXPENDITURE|ON| |Raising funds|8,030|-|8,030|8,690| |Charitable|activities| |Hall|lettings|and|events|-|-|-|-| |Social|Work|and Meal|Provision|584,098|7,500|591,598|565,126| |Total|592,128|7,500|599,628|573,816| |NET INCOME/(EXPENDITURE)|(214,396)|32,500|(181,896)|(159,444)| |RECONCILIATION|OF|FUNDS| |Total|funds|brought|forward|278,653|6,043|284,696|444,140| |TOTAL FUNDS CARRIED|FORWARD|=|64,257|38,543|102,800|284,696|

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The notes form part of these financial statements

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 02510482)

BALANCE SHEET

31 MARCH 2025

31.3.25 31.3.24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £
°		 £
FIXED ASSETS
Tangible assets 9 18,298 - 18,298 17,658
Investments 10 1 - 1 l
18,299 - 18,299 17,659
CURRENT ASSETS
Debtors 11 6,271 - 6,271 9,527
Cash atbank 98,368 38,543 136,911 371,350
104,639 38,543 143,182 380,877
CREDITORS
Amounts falling due within oneyear ; 12 (58,681) - (58,681) (113,840)
NETCURRENTASSETS 45,958 38,543 84,501 267,037
TOTAL ASSETS LESSCURRENT
LIABILITIES 64,257 38,543 102,800 284,696
NETASSETS 64,257 38,543 102,800 284,696
FUNDS 13
Unrestricted funds:
General fund 64,257 278,653
Restricted funds 38,543 6,043
, TOTALFUNDS 102,800 284,696

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 - in accordance with Section 476 of the Companies Act 2006.

The notes form part of these financial statements

continued...

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ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE) (REGISTERED NUMBER: 02510482)

BALANCE SHEET- continued

31 MARCH 2025

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

The financial statements were approved by the Board of Trustees and authorised for issue on 12/18/2025 oe and were signed on its behalf by:

Amanda. Caldcick.(Res.1.8,.2025, 16:18:20 GMT) Amanda Louise Coldrick - Trustee

Alan J Brown - Trustee

The notes form part of these financial statements

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NOTES TO THE FINANCIAL STATEMENTS ; for the Year Ended 31 MARCH 2025 : 1. ACCOUNTING POLICIES

ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

Basis of preparing the financial statements and assessment of going concern

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

The financial statements are presented in sterling (£).

Critical accounting judgements and key sources of estimation uncertainty

In preparing financial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustees to have most significant effect on amounts recognised in the financial statements.

Useful economic life of tangible fixed assets:

The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

Grants and donations

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Income from grants and donations is brought into the accounts when received unless it relates to expenditure after the balance sheet date when it is carried forward as deferred income. Income from grants and donations is credited to the accumulated fund unless restricted by the donors to specific purposes. Surplus Net income may also be transferred to and from a General Reserve at the discretion of the Trustees.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Furniture and equipment is written off over a 10 year period ona straight line basis, On occasion, if the cost of fixed assets is covered by specific donations during the year, such fixed assets may be fully expensed during the relevant year.

Value added tax

Value added tax borne is included with the relative expense or asset and is not shown separately.

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Debtors

Trade and other debtors are recognised at the settlement amount. Prepayments are valued at the amount prepaid.

Cash at bank and in hand

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS- continued

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for the Ycar Ended 31 MARCH 2025

1, ACCOUNTING POLICIES- continued

Value added tax Cash at bank and in hand includes cash, current bank accounts and deposit bank accounts with no withdrawal limitations. ;

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Creditors

Creditors are recognised where then charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest ~ method. ,

Consolidation

The financial statements have been prepared by consolidating the figures for the parent company , St Cuthbert's Centre, together with the figures for its wholly owned subsidiary, Refettorio Felix Limited.

DONATIONS AND LEGACIES
31.3.25 31.3.24
£ £
General donations 126,995 82,670 .
Grants 276,376 310,290
. 403,371 392,960

continued...

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ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025

  1. DONATIONS AND LEGACIES - continued

Grants received, included in the above, are as follows:

‘

,

;

31.3.25 31.3.24
£ £
The Veronica and Lars Bane Foundation 9,999 10,000
B andQFoundation 10,000 5,013
BNP Paribas 11,616 -
Circle Investments
,		 - 40,000
City Bridge Foundation 33,030 36,030
C Talisman 40,000 40,000
Drapers' Charitable Fund - 15,000
Earl's CourtDevelopmentCompany 12,000 9,000
Food for Soul - 7,447
French HuguenotChurch ofLondon Charitable Trust 5,000 -
Garfield Weston Foundation - 30,000
Harrods - 20,000
HollickFamily Foundation 10,000 10,000
London CommunityFoundation - 10,000
Peter Stebbings Memorial Charity - 9,900
SchutzEngel 30,000 -
SuezRecycling - 10,000
Strand Parishes Trust - 6,000
The Albert Hunt Trust - 15,000
The Armourers& Brasiers' Company - 2,500
The Goldsmiths Company - 2,400
The Julia and Hans Rausing Trust 33,000 -
The Kensington and ChelseaFoundation 25,000 30,000
The Octopus Foundation 45,000 -
The Royal BoroughofKensington& Chelsea - 2,000
Octopus Giving 9,795 -
Neighbourly
The Elliot Foundation		 500
251		 -
-
Uni Credit 1,185 -
276,376 310,290

Page 16

continued...

Ss mem mre

,

ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025

for the Yearthe Year for the Yearthe YearYear Ended 31 MARCH 2025 ‘
3. INVESTMENT INCOME
31.3.25 31.3.24
£ £
Deposit account interest 8,782 12,070
4. NETINCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
31.3.25 31.3.24
£ £
Depreciation - owned assets 3,704 3,210
Independentexaminersfee 2,340 2,160

3. INVESTMENT INCOME

5. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Trustees’ expenses

There were no trustees’ expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024.

Key management personnel

The key management of personnel of the charity, comprise the trustees, CEO and Head of Operations.The total remuneration paid to members of the key management of the charity was £74,683 (2024 £89,449).

  1. STAFF COSTS

The average monthly number of employees during the year was as follows:

31.3.25 31.3.24
Administration, care and catering staff 10 10

No employees received emoluments in excess of £60,000.

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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

| ) NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025

;

==> picture [467 x 392] intentionally omitted <==

----- Start of picture text -----
||||||||| |---|---|---|---|---|---|---|---| |7.|COMPARATIVES|FOR THE|STATEMENT|OF|FINANCIAL ACTIVITIES| |Unrestricted|Restricted|Total| |funds|funds|funds| |£|£|£| |INCOME|AND ENDOWMENTS|FROM| |Donations|and|legacies|392,960|-|392,960| |Charitable|activities| |Hall|lettings|and|events|9,342|-|9,342| |Investment|income|12,070|-|12,070| |;|Total|414,372|-|414,372| |EXPENDITURE|ON| |Raising funds|8,690|-|8,690| |Charitable|activities| |Hall|lettings|and|events|-|-|-| |Social|Work|and|Meal|Provision|565,126|-|565,126| |Total|;|573,816|-|573,816| |NET INCOME/(EXPENDITURE)|(159,444)|-|(159,444)| |RECONCILIATION|OF FUNDS| |Total|funds|brought|forward|438,097|6,043|444,140| |TOTAL FUNDS CARRIED|FORWARD|278,653|6,043|284,696| |8.|DONATED|GOODS AND SERVICES|

----- End of picture text -----

During the year the Felix Project donated significant amounts of food to the charity, making it possible for St Cuthbert's Centre to provide meals to its beneficiaries. It is not possible to put a monetary value on these items.

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continued...

;

ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS- continued

cee ee

for the Year Ended 31 MARCH 2025 ,
_
9. TANGIBLE FIXEDASSETS
Fixtures
and
fittings
£
COST
At 1 April2024 ; 68,843 .
Additions 4,344
)
At31 March 2025 73,187 .
DEPRECIATION
At 1 April 2024 51,185
Charge forycar 3,704
At 31 March 2025 54,889
NETBOOKVALUE
At 31 March 2025 18,298
At 31 March 2024 17,658
10. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
MARKETVALUE
At 1 April 2024 and 31 March 2025 1
NETBOOKVALUE
At 31 March 2025 1
At31March2024 1

There were no investment assets outside the UK.

The company's investments at the balance sheet date in the share capital of companies include the following:

Refettorio Felix Limited

Refettorio Felix Limited Refettorio Felix Limited
Registered office: 51 Philbeach Gardens, LondonSWS 9EB
%
Class ofshare: holding
Ordinary 100
31.3.25 31.3.24 .
£ £
Aggregate capital and reserves 64,821 75,473
Profit fortheyear 64,821 68,104
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ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

. NOTES TO THE FINANCIAL STATEMENTS- continued for the Year Ended 31 MARCH 2025

i. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

.

;

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----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |:|31.3.25|31.3.24| |£|£| |Other debtors|-|5,820| |Prepayments|and|accrued|income|5,886|3,333| |Accrued|income|385|374| |6,271|9,527| |12.|CREDITORS:|AMOUNTS|FALLING|DUE|WITHIN|ONE YEAR| |31.3.25|31.3.24| |.|£|£| |VAT|7,235|9,956| |Other creditors|3,371|4,414| |Deposits|(250)|-| |Due|to|Subsidiary|30,935|52,991| |Deferred|income|827|2,830| |Accrued|expenses|.|16,563|43,649| |58,681|113,840| |13.|MOVEMENT|IN|FUNDS| |Net| |movement|At| |At|1.4.24|in|funds|31.3.25| |£|£|£| |Unrestricted|funds| |General|fund|278,653|(214,396)|64,257| |Restricted|funds| |Mental|Health|Work|-|22,500|22,500| |Bathroom|Upgrade|3,976|-|3,976| |Flat|Refurbishment|.|2,067|-|2,067| |Stair|Lift Fund|-|10,000|10,000| |.|6,043|32,500|38,543| |TOTAL FUNDS|284,696|(181,896)|102,800|

----- End of picture text -----

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ST, CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

.

NOTES TO THE FINANCIAL STATEMENTS- continued

for the Year Ended 31 MARCI 2025

13. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

==> picture [464 x 487] intentionally omitted <==

----- Start of picture text -----
||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|377,732|(592,128)|(214,396)| |Restricted|funds| |Mental|Health Work|30,000|(7,500)|22,500| |:|Stair|Lift Fund|10,000|-|10,000| |40,000|(7,500)|32,500| |TOTAL FUNDS|417,732|(599,628|)|(181,896)| |Comparatives|for movement|in|funds| |Net| |movement|At| |At|1.4.23|in|funds|31.3.24| |£|£|£| |Unrestricted|funds| |General|fund|438,097|(159,444)|278,653| |BathroomRestrictedUpgradefunds|;|3,976|-|3,976| |Flat|Refurbishment|2,067|-|2,067| |6,043|-|6,043| |TOTAL FUNDS|444,140|(159,444)|284,696| |)| |Comparative|net|movement|in|funds,|included|in|the|above|are|as|follows:| |Incoming|Resources|Movement| |resources|expended|in|funds| |£|£|£| |Unrestricted|funds| |General|fund|414,372|(573,816)|(159,444)| |TOTAL FUNDS|414,372|(573,816)|(159,444)|

----- End of picture text -----

==> picture [2 x 2] intentionally omitted <==

----- Start of picture text -----
|
----- End of picture text -----

continued...

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,

,

ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE)

NOTES TO THE FINANCIAL STATEMENTS- continued

for the Year Ended 31 MARCH 2025

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

,

==> picture [429 x 175] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Net| |movement|At| |At|1.4.23|in|funds|31.3.25| |£|£|£| |Unrestricted|funds| |General|fund|438,097|(373,840)|64,257| |Restricted|funds| |Mental|Health|Work|-|22,500|22,500| |Bathroom|Upgrade|;|3,976|-|3,976| |Flat|Refurbishment|2,067|-|2,067| |Stair|Lift Fund|-|10,000|10,000| |6,043|32,500|38,543| |TOTAL FUNDS FUNDS|444,140|(341,340)|102,800|

----- End of picture text -----

TOTAL FUNDS FUNDS

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

==> picture [433 x 142] intentionally omitted <==

----- Start of picture text -----
||||||| |---|---|---|---|---|---| |Incoming|Resources|Movement| |resources|expended|in|funds| |.|£|£|£| |Unrestricted|funds| |General|fund|792,104|(1,165,944)|(373,840)| |Restricted|funds| |MentalStair LiftHealth Fund|Work|;|30,00010,000|(7,500)-|22,50010,000| |40,000|(7,500)|32,500| |TOTAL FUNDS|832,104|(1,173,444)|(341,340)|

----- End of picture text -----

Fund Descriptions

Mental Health Work

, Funds were given by the Bi-Borough Integrated Commissioning (RBKC & Westminster) for Mental Health Work which paid for the salary of a dedicated, qualified specialist to assist our guests as part of the Bi-Borough’'s wider community mental health services delivery strategy. This also covers the cost of administrating the role.

Bathroom Upgrade

Funds were received from Screwfix specifically to upgrade the bathroom and laundry facilities to give our guests a better experience and to be in line with prevailing best practice.

Flat Refurbishment

;

continued...

Page 22

oo

:

.

;

ST. CUTHBERT'S CENTRE (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS- continued

for the Year Ended 31 MARCH 2025

.

13. MOVEMENT IN FUNDS- continued

Funds were received from the K&C Foundation specifically to refurbish the property adjacent to the hall which will allow the Charity to expand the provision of its wellness and mental health services through dedicated and private rooms,

Samaritans Emergency Assistance

Monies were received from the Samaritans for small ad hoc cash payments to guests for emergency situations.

14, CAPITAL COMMITMENTS

At 31 March 2025, the company had the following commitments:

Contracts for future capital expenditure not provided for in the financial statements - Property, Plant and Equipment

The company has the following future minimum rental payments for the hall under non cancellable leases, subject to break clauses, for each of the following periods:

2025 2024
£ £
Not laterthan one year 0 29,233
Laterthan one year and not laterthan fiveyears 0 0
0 29,233

,

Purchase of dishwasher

£4,494.00 including VAT at sale on 16th July 2024, depreciation set over 7 years. Paying monthly instalments over a 2 year period. At 31st March 2025 we havea total of £3,370.50 left to pay off.

The company had no other off-balance sheet arrangements

15. RELATED PARTY DISCLOSURES

SCC entered into an agreement with T.A.L.K Partnership Ltd ("TALK") to provide community engagement consultancy services and advice as part of the wider fundraising strategy to engage with local supporters. This was effective from 1 April 2020 and the fee payable was £500 per month. This amount was increased to £1,000 per month from 19 May 2020 when the services were expanded to include wider communications, marketing and public relations. Mr. Alistair Kingsley, CEO and member of key management personnel for SCC, is a director and shareholder of TALK. The agreement can be terminated by either party with 1 months’ notice.

.

Ali Kingsley officially left the organisation 8th November 2024 and we ceased contracting T.A.L.K. Partnership Ltd as of 30th November 2024. From December 2024, this no longer applies.

==> picture [29 x 12] intentionally omitted <==

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;

continued...

ST. CUTHBERT'S CENTRE

(A COMPANY LIMITED BY GUARANTEE)

_ NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 MARCH 2025

16. GUARANTEE STATUS

The company is limited by guarantee and has no share capital. There were 10 members at 31 March 2024 (2023 10). Every member of the company undertakes to contribute an amount not exceeding £1 to the assets of the company in the event of it being wound up.

Page 24