WEST HAM PARK
Financial health, per its FY2025 accounts
The accounts state that the charity operates with a deficit, as its running costs are funded by the City of London Corporation’s City’s Estate, resulting in no free reserves. The trustee considers a reserves policy inappropriate due to this deficit-funded status, though designated funds of £799,893 are held for specific asset purposes. The auditor confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“Consequently, this charity has no free reserves and a reserves policy is considered by the trustee to be inappropriate.”
“The City Corporation provides various services to the charity, the costs of which are recharged to the charity. This includes the provision of banking services, charging all transactions to the charity at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 7.”
“The City of London Corporation’s City’s Estate meets the deficit on running expenses of the charity and also provides funding for certain capital works.” — page 20
“The City Corporation provides various services to the charity, the costs of which are recharged to the charity. This includes the provision of banking services, charging all transactions to the charity at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 7.”
“The City of London Corporation’s City’s Estate meets the deficit on running expenses of the charity and also provides funding for certain capital works.” — page 20
“The City Corporation provides various services to the charity, the costs of which are recharged to the charity. This includes the provision of banking services, charging all transactions to the charity at cost and crediting or charging interest at a commercial rate. The cost of these services is included within expenditure, as set out in note 7.”
“The City of London Corporation’s City’s Estate meets the deficit on running expenses of the charity and also provides funding for certain capital works.” — page 20
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- The Mayor and Commonalty and Citizens of the City of London
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.7m | £1.8m |
| 31/03/2024 | £1.6m | £1.7m |
| 31/03/2023 | £2.2m | £1.5m |
| 31/03/2022 | £1.5m | £1.5m |
| 31/03/2021 | £1.6m | £1.6m |
Common questions
Is WEST HAM PARK financially healthy?
The accounts state that the charity operates with a deficit, as its running costs are funded by the City of London Corporation’s City’s Estate, resulting in no free reserves. The trustee considers a reserves policy inappropriate due to this deficit-funded status, though designated funds of £799,893 are held for specific asset purposes. The auditor confirmed the financial statements are prepared on a going concern basis with no material uncertainties identified. Its FY2025 accounts were audited by Crowe U.K. LLP.