TOWER HAMLETS AND CANARY WHARF
.. FURTHER EDUCATION TRUST
CHARITY REGISTRATION NUMBER 1002772
ACCOUNTS AND TRUSTEES, REPORT
ST
FOR THE YEAR ENDED 31 AUGUST 2023
Introduction
1.1 TheTower Hamlets and CanaryWharfFurtherEducation Trustwas established
on 17th July 1987, by the Council and Canary Wharf Limited (formerly known
as Olympia and York Canary Wharf Limited and the Canary Wharf
Development Co. Limited}.
1.2 The financial stalemenls comply with current statutory requirements, including
the Slatement of Recommended Practice: Accounting and Reporting by
Charities (FRS102}.
Ob"ectives and Activities
The original objective of Ihe Trust Fund was the advancement of education and
training for residents of the London Borough of Tower Hamlets in lechnical and
managerial skills relevant to commerce and industry.
This objective was
subsequently amended in December 1990, to enable funds of the Trust to be
applied for the advancement of the fijrther or higher education or the vocational
training of persons living wlhin the London Borough of Tower Hamlets.
Procedures and Polic
for Grant Makin
3.1 The Trust has a policy of making grants available for the further or higher
education or vocational training of persons living wilhin the London Borough of
Tower Hamlets.

3.2 Applications for financial 8SSlStan¢e are invited from persons living within Tower
Hamlets who meet the eligibility criteria. Applications are sought by promoting
the Trust on London Borough of Tower Hamlets website.
3.3 A formal trust review meeling including all twstees is held ￿lce a year to make
decisions on new grants and to review on-going grant policy and ils
effecliveness. This is normally supplemented by a third meeting to review grant
applications and consider the investment strategy.
3.4 The grants are allocated by the trustees on the basis of predetermined crileria.
Achievements and Performance
During the financial year the trustees applied Ihe following Critsria to detemiine
eligibility for assistance from the Trust:_
Three year residency in Tower Hamlets
Exclusion of courses attracting mandatory support
Post-graduate courses and apprenticeships conferring a
vocational qualification or likely to enhance employment
prospects
The basic criteria corresponded to those in the previous financial
year
4.2 The Trustees determined that assislance would be concentrated on the
following categories:.
Tuition Fees
Maintenance
Students may apply for one or both of the categories of assistance. The
assistance granted during the year may be summarised as follows=.

Table 1
Awards Made
2022123 Award8
stud•nts
53
2021122 Awards
Studonts
65
One Cate
of Assistance Granted
Two Cate
ories of Assistance Granted
Awards Made
100
100
53
66
4.3 The trustees are mind￿1 of the publi¢ benefit tests for charities, and ¢onfirm
they have complied with the duty in Section 4 of the Charities Act (2011) to
have due regard to public benefit guidance published by the Charity
Commission.
4.4 The total number of awards made decreased from 65 (2021122) to 53 in
2022123.
4.5 As in the previous bvo years no applicants were granted Iwo levels of
assistance.
Payments to students in the academic year totalled £ 99,390 This comprised
the following elements=.
Table 2- Pa
ments To Students
2022123
2021122
Pa
ment lo Students in
ear
ment of Grants relalin
Sub-total.
rant$
Oth&r ex
enses
P•r Statemènt of Financial Activitios
99 390
115062
to
revious
ears
115.062
8,873
123935
8,089
The value of grants awarded decreased by £ 15,672 (13.64/0).

4.8 The assistance provided to students is as set out below-.-
Table 3
Asslstance Provided
2022123 Awards
Av6ra9&
1.895
840
2021122 Award$
Numbor
52
Number
62
Avora
1,833
480
Tuition Fees
Maintenance
Totsl Awards
Number of
Sludonls
98,550
840
113.622
1,440
-116 062-
53
65
The number of awards for tuition fees decreased by 16.1 % from 62 (2021122)
to 5212022123).
There was only one award for maintenance granted in 2022123 (£ 840) although
that was higher Ihan the average awarded for maintenance in 2021122 {£ 4801.
Both of these are a significant decrease from the 2019120 average which was
£ 1,475.
A breakdown of Ihe grants awarded to each category of education is as set out
in Appendix 1.
4.7 The courses assisted during the financial year are as set out below'.-
Table 4
Courses Agslsted
2022123 Awards
.Numbor
Aver
3,725
3,238
2021122 Award8
Numbor.
Avgra
10
2.078
2.370
Post Graduate
First De
ree
Sub Total
Advanced Education
'A' Levellother
11,175
9,715
20,786
11,850
15
36
14
65
32
49,872
28,628
1,558
1,909
56.290
1.563
1.866
53
116062
4.8 The specific courses and Ihe level of assistance provided are as set out in
Appendix 2.
4.9 Appendix 3 details the institutions whose studenls received awards in 2022123.
In 2022123 the number of institutions used decreased slightly from 32 to 30.

Since 2018119 the institution with by far the largest number of amendees was
Account 3. This remains the same in 2022123 (15 in total). Their percentage
share increased from 20.86 /0 of awards made in 2021122 to 22.64 /0 of awards
made in 2022123.
4.10 The Trust is not currently considering any extension of its activities although it
does review its operational basis annualty.
Financial Review
Investment policy
Under the Trust Deed, the trustees have the power to invest in such assets as
they see fit.
Trustees have invested funds in unit trusts managed by CCLA Investment
Management Lld, with an investment objective of securing a median level of
return with moderaté risk whilst maintaining the capital base.
5.2 Reserves policy
The Trust Deed requires the trustees lo use the income of the trust in promoting
its objects. It also gives permission for the capital to be used. The use of the
Trust's reserves is therefore wholly at the discretion of the trustees, with no
particular level of rese￿eS required to be maintained.
5.3 The Trust had available funds (including £ 321,527 representing the
accumulated under-spent fvnds from earlier years) to provide assistance in the
academic year of £ 489,022 {£ 445,462 20211221. The Trust incurred
expenditure of £ 107,4791£ 123,935 in 20211221 which represented 220/01280/0
2021122} of available resources. The figure also represents 64% of the
dividendslinterest received during the year (see Table 5 below).
The residual fijnds of £ 381,543 (£ 324,042 2021122) will be carried forward into
the next academic year.
5.4 The fund accrued investment income of £ 167,1971£ 149,284 2021122> during
the year. The returns obtained on the different categories of investmenl are as
set out below'.-

Table 5
Investment Returns
Common ::
Investment .
Fund
Equity
Ba8ed
5,059,657
Bank
Total
Average Balance
2022123
Dividendsllnlerest
Received
Return
897,539
5,757,196
144,641
22,556
167,197
2.86%
3.23%
2.90%
5.5 The market value of the investment in Common Investment Funds reduced by
£ 99,507 (1.950/0) during the year.
The appreciationldepreciation on the
drfferent categories of investment is set out below:_
Table 6
Ca
Ital A
re¢latlon of Common Investment Funds
E ult Based
2.344,574
2.764,836
5,109,410
5.009,903
Book Value
reciation Since Ac
Market Value 01.09.22
Market Value 31.08.23
uisilion
App￿CiatIon1DepreCiaI10n
2022123
Return 2022123
Annual Return since
-99,507
-1.950
4.030
5.6 The financial accounts are as set out in Appendix 4.

Ocean Estate Bursa
Scheme
The trust has taken on the administration of the Ocean Estate Bursary scheme
at the request of Tower Hamlets Council. Although it was originally envisaged
that the OEB scheme would only last five years the scheme has been slow to
get off of the ground. As a consequence the scheme will continue until all funds
have been allocated.
The London Borough of Tower Hamlets awarded a grant to the THCWFET of
£150,000.00. The purpose of the granl is specifically to facilitate students who
are residenl on the Ocean Estate. Stepney who wish to pursue higher education
opportunities.
The grant is funded under s106 of the Town and Country Planning Act which
allows contributions to be sought from developers towards the cost of providing
community infrastructure. The grant is designated the Ocean Estate Bursary
{OEBI.
The Trust is to promote the advancement of higher education amongst the
students and will be assisted by the Ocean Regeneration Trust {ORTI to identify
potenlial applicants and to better administer the grant in accordance with the
purpose for which it is awarded.
Granls will only be given for higher education and post graduate courses and it
was originally envisaged that a maximum of 45 bursaries are to be made during
the granl period. This originalty ComMen￿d August 2014. As has already
been noted it was originally intended that Ihe scheme only run for five years.
However, take-up has been slow and the scheme will now run until all funds
have been expended.
For the 2022123 academic year the Ocean Estate scheme awarded bursaries
10 11 students totalling £ 11,000. This is 4 students (£ 4.0001 fewer than in
2021122.
Structure Governance and Mana
ement
7.1 The trustees are nominated by the parties in the trusl document. The London
Borough of Tower Hamlets nominees are executive decisions currently
undertaken by the Mayor. The trustees nominated by Canary Wharf are two
managers of the Company.
7.2 Following their appointment, new trustees undergo a short training session to
familiarise themselves with the ¢harity and the conlext in which it operates and
to gain awareness of their legal obligations under charity law. They are
provided with a copy of the Trust Deed and the latest financial statements.

7.3 The trustees annually review the risks that the char6ty faces. To date these
have mainly related to investment management and these have been
ameliorated by diversified portfolio management.
7.4 TTUStees have taken steps to mitigate the financial risks that the charity faces
by-
holding the investments in long established unit trusts.,
ensuring the investments are diversified., and
allocating granls annually on the basis of projecled investment income
thereby having no significant financial commitments.
Future Plans
In the medium term the trustees plan to continue to run the trust on the same
basis of making grants in accordance wilh set criteria.
Res
onsibilities of the trustees
Charity law requires the trustees to prepare financial statements for each
financial year which shows a true and fair view of the state of affairs of the
charity and of its financial activities that period. In preparing those financial
statements, the trustees are required to..
Select suitsble accounting policies and then apply them consistently.,
Make judgements and estimates that are reasonable and prudent..
State whether applicable accounling standards and statements of
recommended praclice have been followed, subject to any departure
disclosed and explained in the financial statements,. and
Prepare the financial statements on the going Concern basis unless it is
inappropriate to assume that the charity will continue on that basis.
The trustees are responsible for keeping proper accounting records that
disc105e with reasonable a￿uracY at any time Ihe financial posltion of the
charity and enable Ihem to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations and the
provisions of the trust deed. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.

Members of the Tmstgg Boa
Members of the Trustee Board, who seNed during the year are set out below.
10. Reference and administrative details
10.1 The Trust has ¢haritabSe status and was registered with the Charity
Commission on 2nd May 1991 {Registration Number 1002772).
10.2 The address of the registered charity is'.-
London Borough of Tower Hamlets
Whitechapel Town Hall,
160 Whitechapel Road,
London
E1 1BJ
10.3 Trustees
The Trust Deed provides for parity of Trusteeship be￿een the London Borough
ofTower Hamlets ILBTH} and Canary Wharf Limited. Members ofthe Trustee
Board who served during the year and up to the date of this report, are set out
below:
Current Trust8•8
Mr Neil Griffsth5
Director- People Development
Appointsd 04.06.24
Ms Parmilh8 T3hid
Associate Director- Learnlng and Ski118
Appointed 04.06.24
Cllr Maium Talukdar
Councillor LBTH
Appointed 04.06.24
Cllr Miraj IAminl Rahman
Councillor LBTH
Appointed 04.06.24

Previou5 Trustees
coverin
the
erlod of
accounts to dat•
M8 Vicky Clark
Officer of LBTH
Appointed 23101119, Retired 04106124
Cllr Abdal Ullah
Councillor L8TH
Appointed 23101119, Retired 04106124
Mr Howard Dawber
Managing Director of Strategy
Appointed 12110120, Retired 04106124
Mr Zakir Khan
Director of Cornrnunily
Appointèd 06108121, Retired 04106124
10.4 Independent Examlners
Independent Examiner
Mr Frank McDowell
FJM Accountancy Limited
23 Shackleton Court
2 Maritime Quay
London E14 3QF
10.5 Bankers
The Cooperative Bank plc
POBox101
1 Balloon Street
Manchester
M60 4EP
10.6 Investment Fund Managers
CCLA Investment Management Limited
COIF Charity Funds
80 Cheapside
London
EC2V 6DZ

Approved by the trustees and signed on their behalf on
Mr Neil Grtrriths
Trustee {and Chair)
DaÈe.'
Z /rh zé

) c)

Appgndlx 2 CoyThe¥ A8•16thd 2022123
Ga18
PostGraduatO
uo
on
Siudon
slen¢4
MA Creaiiv2Wrilinq
MSC Psychotogy
MSC Psychdoyy
4,320
4,500
2,355
11,176
2.815
4,50)
2,400
9.716
1.193
73
1400
1.010
sub tslal
Firnl Degree
BA FrerKh Slu#l•8
PA P¥ythdcgy f￿ Educat
Law QvaUfylr¥ Degr••
Sub lotal
Advu¢8d Edu￿¢
AC￿nIanGY
Aceouhttllg Prpfvs5ional Pap8r5
Astron¢rny & A$tr¢phy¥i¢s
Cettilic4t6 ffl Ptaekal Hertre￿b)rfj
Cod1W
F￿laY LAW
eaNh E¢onomics and Ptsllty
Leaming and Teiching in HvJhBr Ed￿atIO
Legal Pra¢iice
NVQ L0¥al S AdYl¢e and G￿dart¢e
Sthnce Concepts 8rtd Pra¢iite
Sr4tcltors QualIty￿9 Éxamlft8I'on {8QEI I
. T23Ghlno
TBaChlngAs￿I￿ta￿¢ L4¥013
S,3QO
2.400
2,000
550
22.500
49.872
2,400
1,976
1$
32
A Lwyother
Ctrrttilcat¢ in ThKlogy, Irnaqlr￿1Qn 8wJ Cullu
CISMP TraInI￿ Course
Counselffr*J Lèwel 3
D8nco
Dbl(xTh in Massa98
roma ￿ NulrSti0Tr
Execuivo Leadership Pro9ramme
Le￿1 2 Dipk>Tna in El8Ctrical installal
Level 3 Qipl¢m• In Massa9e
Leve14 Diploma Therapeubccounsèlling
(Y¢ Level 1 Imrnigraiion
Oxlord E%&cutiwa LeBdership Pwramma
P051gradualeActlng Course
Psychodynamrc P6ythoih¢rapy
S¢dal Work
1,050
9.485
2.400
1.485
1.750
402
2.350
4,800
2.400
765
28,628
Sthtotsl
15

Aecpunt3
Bwts(i Qkoal
BlrkteckColl•go
BPP
Copel Manttr¢gllege
CITY QF LONDON COLLEGE (CLCI LTD
Cfty University of Lond
CottegeofN¥iuropathfc MedW
Eas¢ Lond¢n & Esse¥ Couns¢lllTra and Thernpy
Elet.fralnlTrg
Golysmth'u Unfvanlty offLtsndort
l$kndA4vKe Cqnlre
IT Go¥eman£o Ll
Sts￿ ContlAcadtm
JG¥nl Cou￿rI0rWeWare biurl9rnni8
Lordon School ol Business and Flnan¢
Sthlof E¢onornk$ and Pofftk¥ Sdence
Lordth Sc*ool ol Mossaga
Oxlord UnNer¥ty
Queen Mary Un(verf8ty •1LorJdort
Swum CO1￿￿e
The g￿lle
The O￿n Uniwrsity
The S(Kknly lor Edueatlon Tr•lni
Unlversity d Central Lan¢•sh152
Unlv8tsrty ot East L￿don
un￿er81Y Lon¢Jon
LJtheYs￿Yofw￿S1Mln1steF
westmiTr￿ter ￿n9$￿￿¥Y Cdle9e
WPFTher
1S
22,500
2.000
9.715
9&$
1.010
2.400
4,500
2.400
1.500
2,000
3.236
.64
2.01
9.77
1.010
2.400
4,SOC¢
2,400
895
1.75D
4.SQO
1225
1.976
1.QSO
402
1,193
2,2QO
1.485
2,350
1400
14QQ
4,SOQ
3.560
550
785
2.355
1.750
1.137
2.4f
4,53
2.41
1.75D
4,500
5,3th)
1.978
1.050
402
1.193
2,20
2.970
4,700
2,400
2.400
4,500
6.720
sso
785
2,35S
1,750
2,273
1.06
0.40
2.21
2.41
2.41
4.53
0.55
0.79
237
1.76
2.25
0.85
2.41
2.4t)O
2.400
53
99.39D
1.875
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TOWER HAMLETS AND CANARY WHARF
.. FURTHER EDUCATION TRUST
CHARITY REGISTRATION NUMBER 1002772
ACCOUNTS AND TRUSTEES, REPORT
ST
FOR THE YEAR ENDED 31 AUGUST 2023
Introduction
1.1 TheTower Hamlets and CanaryWharfFurtherEducation Trustwas established
on 17th July 1987, by the Council and Canary Wharf Limited (formerly known
as Olympia and York Canary Wharf Limited and the Canary Wharf
Development Co. Limited}.
1.2 The financial stalemenls comply with current statutory requirements, including
the Slatement of Recommended Practice: Accounting and Reporting by
Charities (FRS102}.
Ob"ectives and Activities
The original objective of Ihe Trust Fund was the advancement of education and
training for residents of the London Borough of Tower Hamlets in lechnical and
managerial skills relevant to commerce and industry.
This objective was
subsequently amended in December 1990, to enable funds of the Trust to be
applied for the advancement of the fijrther or higher education or the vocational
training of persons living wlhin the London Borough of Tower Hamlets.
Procedures and Polic
for Grant Makin
3.1 The Trust has a policy of making grants available for the further or higher
education or vocational training of persons living wilhin the London Borough of
Tower Hamlets.

3.2 Applications for financial 8SSlStan¢e are invited from persons living within Tower
Hamlets who meet the eligibility criteria. Applications are sought by promoting
the Trust on London Borough of Tower Hamlets website.
3.3 A formal trust review meeling including all twstees is held ￿lce a year to make
decisions on new grants and to review on-going grant policy and ils
effecliveness. This is normally supplemented by a third meeting to review grant
applications and consider the investment strategy.
3.4 The grants are allocated by the trustees on the basis of predetermined crileria.
Achievements and Performance
During the financial year the trustees applied Ihe following Critsria to detemiine
eligibility for assistance from the Trust:_
Three year residency in Tower Hamlets
Exclusion of courses attracting mandatory support
Post-graduate courses and apprenticeships conferring a
vocational qualification or likely to enhance employment
prospects
The basic criteria corresponded to those in the previous financial
year
4.2 The Trustees determined that assislance would be concentrated on the
following categories:.
Tuition Fees
Maintenance
Students may apply for one or both of the categories of assistance. The
assistance granted during the year may be summarised as follows=.

Table 1
Awards Made
2022123 Award8
stud•nts
53
2021122 Awards
Studonts
65
One Cate
of Assistance Granted
Two Cate
ories of Assistance Granted
Awards Made
100
100
53
66
4.3 The trustees are mind￿1 of the publi¢ benefit tests for charities, and ¢onfirm
they have complied with the duty in Section 4 of the Charities Act (2011) to
have due regard to public benefit guidance published by the Charity
Commission.
4.4 The total number of awards made decreased from 65 (2021122) to 53 in
2022123.
4.5 As in the previous bvo years no applicants were granted Iwo levels of
assistance.
Payments to students in the academic year totalled £ 99,390 This comprised
the following elements=.
Table 2- Pa
ments To Students
2022123
2021122
Pa
ment lo Students in
ear
ment of Grants relalin
Sub-total.
rant$
Oth&r ex
enses
P•r Statemènt of Financial Activitios
99 390
115062
to
revious
ears
115.062
8,873
123935
8,089
The value of grants awarded decreased by £ 15,672 (13.64/0).

4.8 The assistance provided to students is as set out below-.-
Table 3
Asslstance Provided
2022123 Awards
Av6ra9&
1.895
840
2021122 Award$
Numbor
52
Number
62
Avora
1,833
480
Tuition Fees
Maintenance
Totsl Awards
Number of
Sludonls
98,550
840
113.622
1,440
-116 062-
53
65
The number of awards for tuition fees decreased by 16.1 % from 62 (2021122)
to 5212022123).
There was only one award for maintenance granted in 2022123 (£ 840) although
that was higher Ihan the average awarded for maintenance in 2021122 {£ 4801.
Both of these are a significant decrease from the 2019120 average which was
£ 1,475.
A breakdown of Ihe grants awarded to each category of education is as set out
in Appendix 1.
4.7 The courses assisted during the financial year are as set out below'.-
Table 4
Courses Agslsted
2022123 Awards
.Numbor
Aver
3,725
3,238
2021122 Award8
Numbor.
Avgra
10
2.078
2.370
Post Graduate
First De
ree
Sub Total
Advanced Education
'A' Levellother
11,175
9,715
20,786
11,850
15
36
14
65
32
49,872
28,628
1,558
1,909
56.290
1.563
1.866
53
116062
4.8 The specific courses and Ihe level of assistance provided are as set out in
Appendix 2.
4.9 Appendix 3 details the institutions whose studenls received awards in 2022123.
In 2022123 the number of institutions used decreased slightly from 32 to 30.

Since 2018119 the institution with by far the largest number of amendees was
Account 3. This remains the same in 2022123 (15 in total). Their percentage
share increased from 20.86 /0 of awards made in 2021122 to 22.64 /0 of awards
made in 2022123.
4.10 The Trust is not currently considering any extension of its activities although it
does review its operational basis annualty.
Financial Review
Investment policy
Under the Trust Deed, the trustees have the power to invest in such assets as
they see fit.
Trustees have invested funds in unit trusts managed by CCLA Investment
Management Lld, with an investment objective of securing a median level of
return with moderaté risk whilst maintaining the capital base.
5.2 Reserves policy
The Trust Deed requires the trustees lo use the income of the trust in promoting
its objects. It also gives permission for the capital to be used. The use of the
Trust's reserves is therefore wholly at the discretion of the trustees, with no
particular level of rese￿eS required to be maintained.
5.3 The Trust had available funds (including £ 321,527 representing the
accumulated under-spent fvnds from earlier years) to provide assistance in the
academic year of £ 489,022 {£ 445,462 20211221. The Trust incurred
expenditure of £ 107,4791£ 123,935 in 20211221 which represented 220/01280/0
2021122} of available resources. The figure also represents 64% of the
dividendslinterest received during the year (see Table 5 below).
The residual fijnds of £ 381,543 (£ 324,042 2021122) will be carried forward into
the next academic year.
5.4 The fund accrued investment income of £ 167,1971£ 149,284 2021122> during
the year. The returns obtained on the different categories of investmenl are as
set out below'.-

Table 5
Investment Returns
Common ::
Investment .
Fund
Equity
Ba8ed
5,059,657
Bank
Total
Average Balance
2022123
Dividendsllnlerest
Received
Return
897,539
5,757,196
144,641
22,556
167,197
2.86%
3.23%
2.90%
5.5 The market value of the investment in Common Investment Funds reduced by
£ 99,507 (1.950/0) during the year.
The appreciationldepreciation on the
drfferent categories of investment is set out below:_
Table 6
Ca
Ital A
re¢latlon of Common Investment Funds
E ult Based
2.344,574
2.764,836
5,109,410
5.009,903
Book Value
reciation Since Ac
Market Value 01.09.22
Market Value 31.08.23
uisilion
App￿CiatIon1DepreCiaI10n
2022123
Return 2022123
Annual Return since
-99,507
-1.950
4.030
5.6 The financial accounts are as set out in Appendix 4.

Ocean Estate Bursa
Scheme
The trust has taken on the administration of the Ocean Estate Bursary scheme
at the request of Tower Hamlets Council. Although it was originally envisaged
that the OEB scheme would only last five years the scheme has been slow to
get off of the ground. As a consequence the scheme will continue until all funds
have been allocated.
The London Borough of Tower Hamlets awarded a grant to the THCWFET of
£150,000.00. The purpose of the granl is specifically to facilitate students who
are residenl on the Ocean Estate. Stepney who wish to pursue higher education
opportunities.
The grant is funded under s106 of the Town and Country Planning Act which
allows contributions to be sought from developers towards the cost of providing
community infrastructure. The grant is designated the Ocean Estate Bursary
{OEBI.
The Trust is to promote the advancement of higher education amongst the
students and will be assisted by the Ocean Regeneration Trust {ORTI to identify
potenlial applicants and to better administer the grant in accordance with the
purpose for which it is awarded.
Granls will only be given for higher education and post graduate courses and it
was originally envisaged that a maximum of 45 bursaries are to be made during
the granl period. This originalty ComMen￿d August 2014. As has already
been noted it was originally intended that Ihe scheme only run for five years.
However, take-up has been slow and the scheme will now run until all funds
have been expended.
For the 2022123 academic year the Ocean Estate scheme awarded bursaries
10 11 students totalling £ 11,000. This is 4 students (£ 4.0001 fewer than in
2021122.
Structure Governance and Mana
ement
7.1 The trustees are nominated by the parties in the trusl document. The London
Borough of Tower Hamlets nominees are executive decisions currently
undertaken by the Mayor. The trustees nominated by Canary Wharf are two
managers of the Company.
7.2 Following their appointment, new trustees undergo a short training session to
familiarise themselves with the ¢harity and the conlext in which it operates and
to gain awareness of their legal obligations under charity law. They are
provided with a copy of the Trust Deed and the latest financial statements.

7.3 The trustees annually review the risks that the char6ty faces. To date these
have mainly related to investment management and these have been
ameliorated by diversified portfolio management.
7.4 TTUStees have taken steps to mitigate the financial risks that the charity faces
by-
holding the investments in long established unit trusts.,
ensuring the investments are diversified., and
allocating granls annually on the basis of projecled investment income
thereby having no significant financial commitments.
Future Plans
In the medium term the trustees plan to continue to run the trust on the same
basis of making grants in accordance wilh set criteria.
Res
onsibilities of the trustees
Charity law requires the trustees to prepare financial statements for each
financial year which shows a true and fair view of the state of affairs of the
charity and of its financial activities that period. In preparing those financial
statements, the trustees are required to..
Select suitsble accounting policies and then apply them consistently.,
Make judgements and estimates that are reasonable and prudent..
State whether applicable accounling standards and statements of
recommended praclice have been followed, subject to any departure
disclosed and explained in the financial statements,. and
Prepare the financial statements on the going Concern basis unless it is
inappropriate to assume that the charity will continue on that basis.
The trustees are responsible for keeping proper accounting records that
disc105e with reasonable a￿uracY at any time Ihe financial posltion of the
charity and enable Ihem to ensure that the financial statements comply with the
Charities Act 2011, the Charity (Accounts and Reports) Regulations and the
provisions of the trust deed. They are also responsible for safeguarding the
assets of the charity and hence for taking reasonable steps for the prevention
and detection of fraud and other irregularities.

Members of the Tmstgg Boa
Members of the Trustee Board, who seNed during the year are set out below.
10. Reference and administrative details
10.1 The Trust has ¢haritabSe status and was registered with the Charity
Commission on 2nd May 1991 {Registration Number 1002772).
10.2 The address of the registered charity is'.-
London Borough of Tower Hamlets
Whitechapel Town Hall,
160 Whitechapel Road,
London
E1 1BJ
10.3 Trustees
The Trust Deed provides for parity of Trusteeship be￿een the London Borough
ofTower Hamlets ILBTH} and Canary Wharf Limited. Members ofthe Trustee
Board who served during the year and up to the date of this report, are set out
below:
Current Trust8•8
Mr Neil Griffsth5
Director- People Development
Appointsd 04.06.24
Ms Parmilh8 T3hid
Associate Director- Learnlng and Ski118
Appointed 04.06.24
Cllr Maium Talukdar
Councillor LBTH
Appointed 04.06.24
Cllr Miraj IAminl Rahman
Councillor LBTH
Appointed 04.06.24

Previou5 Trustees
coverin
the
erlod of
accounts to dat•
M8 Vicky Clark
Officer of LBTH
Appointed 23101119, Retired 04106124
Cllr Abdal Ullah
Councillor L8TH
Appointed 23101119, Retired 04106124
Mr Howard Dawber
Managing Director of Strategy
Appointed 12110120, Retired 04106124
Mr Zakir Khan
Director of Cornrnunily
Appointèd 06108121, Retired 04106124
10.4 Independent Examlners
Independent Examiner
Mr Frank McDowell
FJM Accountancy Limited
23 Shackleton Court
2 Maritime Quay
London E14 3QF
10.5 Bankers
The Cooperative Bank plc
POBox101
1 Balloon Street
Manchester
M60 4EP
10.6 Investment Fund Managers
CCLA Investment Management Limited
COIF Charity Funds
80 Cheapside
London
EC2V 6DZ

Approved by the trustees and signed on their behalf on
Mr Neil Grtrriths
Trustee {and Chair)
DaÈe.'
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Independent Examlnerfs Report to the trusto08 of
Towor Hamlets and Canary Wharf Further Edu&*ion Trust
l ￿pOrt lo the trustees on my examination of the w)unts of the To•Rr Hamlets and Canary Wharf Further
Educatson Trust Ithe Trust) for the year ended 31 August 21723.
Responslbllltle8 and ba818 of report
As the charity trustees of the Trust you are responsitAe for the preparation of the accounts in actordan¢e wth
the r￿￿1￿mertts of the Charities Act 2011 ('the ACVI.
I report in respect of my examinati)n of the Trusvs arzounts carried out under s*tson 145 of the 2011 Act and
in carrying out my examination I have folkyl￿d all the 8pplic£ble Dirthns given by the Chanty Commission
under section 145{5llbl of the ACL
Independent frx•mlnerf• •tat•mw
I have completed my examination. I confimi that no malerial matters have come to my attention in r￿nnectIon
with the examinab'on giving me cause to believe that in any mater￿1 respecL'
1 accounts'ng records were not kept in respect of tt18 Trust as required by section 130 of the Act,. or
2 Ihe accounts do not accord wth those records., crf
3 the accounts do not compty ￿ryth the appluble requirements conceming the fomi and content of accounts
sel out in the Charitieg (Accounts and Reports) Regulatlons 2008 other than any requirement that the
accounts give a Irue and falr vi*w ￿leh is not a matter &Msidered as part of an independent examinatson,
I have no ¢oncems and have come across no other matters in o)nnecbon wth the examination lo which
attentron should be drawn in this reF￿ wi order to enab￿ a proper understsnding of thè accounts to be
reached.
Prank J MCDO￿11 FMAAT
FJM Accountsncy Limited
23 Shackleton Court
2 Maritime Quay
London
E14 3QF
Date.. 21 Octoter 202