PADDINGTON DEVELOPMENT TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity produced a deficit of £215,916 in 2024, a reversal from the previous year's surplus, driven by total charitable expenditure exceeding income. Per the trustees' report, unrestricted funds were maintained at a level equating to approximately four months' unrestricted expenditure, satisfying their stated reserves policy target. The trustees remain satisfied that the charity is a going concern with sufficient cash to meet expenditure commitments for the foreseeable future.
What the accounts disclose
“There was no employee whose emoluments as defined for taxation purposes amounted to over £60,000 in either year, other than the Chief Executive Officer who earned £72,513 (2023: £68,042), the Chief Financial Officer who earned £64,285 (2023: £59,158) and the Head of Contract management who earned £64,244 (2023: £60,412).” — page 32
“There was no employee whose emoluments as defined for taxation purposes amounted to over £60,000 in either year, other than the Chief Executive Officer who earned £72,513 (2023: £68,042), the Chief Financial Officer who earned £64,285 (2023: £59,158) and the Head of Contract management who earned £64,244 (2023: £60,412).” — page 32
“It is the policy of the Charity to maintain unrestricted funds, which are the free reserves of the Charity, at a level which equates to approximately four months' unrestricted expenditure.” — page 13
“The Charitable Group is a private company limited by guarantee with one trading subsidiary, PDT GJ Trading Limited.” — page 4
Funders the charity credits
- National Lottery Community Fund
- Westminster City Council
- Kensington and Chelsea Council
- London Borough of Hammersmith & Fulham
- Education & Skills Funding Agency
- Central and North West London NHS Foundation Trust
- UK Government
- Skills For Life
- Well Grounded
- European Culture Foundation
- Central London Community Healthcare
- London National Park City
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (03/03/2026)
Trustees
- Aikaterini Alexiou
- Daniel Carl Feander
- Douglas Alexander Shaw
- Grace Reid
- Rajiv Sinha
- Robi Miles Dutta
- Stephen Winningham
- Thienhuong Nguyen
- Timothy Todhunter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £3.2m | £3.3m |
| 31/03/2024 | £3.2m | £3.4m |
| 31/03/2023 | £4.2m | £4.1m |
| 31/03/2022 | £4.4m | £4.2m |
| 31/03/2021 | £3.7m | £3.8m |
Common questions
Is PADDINGTON DEVELOPMENT TRUST financially healthy?
The accounts state that the charity produced a deficit of £215,916 in 2024, a reversal from the previous year's surplus, driven by total charitable expenditure exceeding income. Per the trustees' report, unrestricted funds were maintained at a level equating to approximately four months' unrestricted expenditure, satisfying their stated reserves policy target. The trustees remain satisfied that the charity is a going concern with sufficient cash to meet expenditure commitments for the foreseeable future. Its FY2024 accounts were audited by Boydell & Co.
What does the highest-paid employee of PADDINGTON DEVELOPMENT TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 3 employees earned over £60,000.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 03/07/2024 | £250k | "You Are Here: Digital stories celebrating a place and its people" |
| The National Lottery Heritage Fund | 08/06/2022 | £250k | "Our Shared Heritage (OSH)" |
| The National Lottery Heritage Fund | 20/07/2020 | £74k | "COVID19 PADDINGTON DEVELOPMENT TRUST" |
| The National Lottery Heritage Fund | 24/09/2013 | £4.0m | "Paddington's Living Heritage at St Mary Magdalene's" |