Company No. 02898308 Charity No. 1035200 # **Custom House and Canning Town Community Renewal Project** **Report & Financial Statements 30 June 2021** Custom House and Canning Town Community Renewal Project Report and accounts Contents Page Reference & administrative infomiation Report of the management committee Independent Examinerfs report Statement of financSal activities 10 Balance Sheet 11 Cash Flow Statement 12 Notes to the financlal statements 13-22 Custom House and Canning Town Community Renewal Project Refernnce & administrative inforniation For the ear ended 30 June 2021 Status The organisation is a charitable company limited by guafantee. incorporated on 15 February 1994 ar¥J registered as a charity on 21 March 1994. Governing document The company was established uThJer a Memorandum of Association which esta￿1Shed the objects and tth¥ers of the charilable company and is govemed under its Articles of Association. The Memorandum and Artides of Association were aMe￿Ied to refle(I the new name of organisation. Management Committee Sarah Ruiz Amala Corera Janet Moffatt Lorraine Starke Frank Rosillt>Calle Freda Ay￿$ Adrian HrJJgson Elizabeth Booker Chair Treasurer rNeD$ite .or uk General Manager John McNeill Cornpany number 02898308 Charity number 1035200 Registered office and operational address The St Luke's Community Cerrtre 89 Tarling Road Canning Town London E16 1HN Independent Examiner Patrick J Gray Chartered Accountant 56 Bracken Drive Chigwell Essex IG7 5RO Bankers National Westminster Bank Easl Ham Branch 37 HKJh Street North LoThJon E6 1HS Page 1 Custyjffl House and C￿nIng Town Con￿￿nity Rtfi*w￿ Reportolthe m•nageTherrtcomThit*• Forthe •r end￿ 30 June 2021 The rnan8gement ¢ommittee presents rts report and the f￿art￿l st*ments for Ihe year ended 30 June 2021. wh*h ¥e also prepared to meet the re¢wirernents for a dire¢tors' report accounts for Companies Act wrpgses. This report has been preparerj in &cordance with the Statement of Recornrnended Prthe- A(tounb"ng and Reporting by Ch￿b￿S IFRS1021 and in xcOrda￿e wlh Ihe speud provNor6 of Pwl 15 of the Cornpar￿ Act 2006 rektmg to smaller enbthes. SIr￿luTe, Gown0n￿ and Management The Charty rwstsred a5 a chantable company knrted by govemEd by its Memorandum and Arkles of Association. The Commrtlee members seTriig durmg the year, and thgse affrenty seTring, we Sh￿ above. The Charity has nts issued share ¢aprtal or (Jeben￿res." herte no thectors. interests require ¢J6dosure. The control anLI ¢*ection of the Chanty ts Ihe responsts'kty of the Maryment Committee and rt5 mernbets are elected an¢J co-opted to rt undef the terms of tre Memorandum and Art¢les of Associats'on. Elec1￿j￿ are held at the Chariws Anr￿1 Gener* Meeting an<1 the Commrttee can ctropt membws the year. Attendw is good and in on open enmronment people we abk to take up the reigr6 of governa￿. At arty gNen time majorty of members are well aware of their thty and the $￿ern5 in place to do Iher L*ty. The Committee delegates rts power the Ch¥ty from day to day to Ihe General Marwr acts on empbyrnent rnaiters. exerc45es routine finanaal control. ewe5 that the essential knolord fu￿￿or6 are propety maffttained and Organ￿e& specific project devebpment and management The General Manager ensures Ihat the Commrttee remain$ inforrned by issuing reports on al aspects ol the organ￿￿On lo every Committee meetng. These repo￿ give DYe¢tor$ regular opportunty to minLrte thew ¥￿e*s. set and adapt poky rnake binth"rwJ decis￿n5 which create a clear I￿e of a¢countakn'lty. The Management Cornrnrttee has 8sse5sed the major ￿ to the Charty is w)¢)sed, paTtcul¥ those related to Ihe operations and finarLes of Ihe Charity, and B satsfied that systems are N place to mtyate ts eypowre to Ihe rnajor risks. In 2Q15 the Trustees undertook a re¥iew of Ihe Chantys fina￿￿1 standirrfJ order5. Objects and activities The Charity B established for Ihe pr0rnoti￿ of ary chari18ble purposes for the benefft of the re￿dents ol the Custom House and Canrdng Town ar¢as of London. Thwe hwe been no tharw to the objets sIr￿e the Ch¥iWs inception. The pin¢ipal pol¢ies of the Charity to further its objects are as follows.. Devel¢)p and Ma￿taIn Ioc81 twildings a￿1 InfraStr￿tUre for the benefft Of1￿ commuThty ay a rde in the area¥ ove1￿1 regeneration by partKipation in corrtributsjn to local forums Operate and a$$￿t in the opwab.ort of Pfoiects for the benefrt of the commLmty and A5Si5t local community groups and projects from 9jrp1￿ Irom rents from the Ch￿S wopety. Th¢ Charty ￿￿tir￿￿eS to propety manage ts assets li the mterests of the kncal ¥ea and conb.nues to work to ifflprove effic￿ncy. St Luke's and Abraharns con5trbJte sorne 25,￿)0 squ¥e feel of Sp￿ put to good so(#al purpose. The Chartys is let to a range of srKaaty useful tsnants to FKovide urYeslTi1ed cover b)e Chanvs ¢oro ¢0sts and a m¢xlest sixplus tg app￿fOr good pwposes. St. Luke's hows a doubb dTrX(¢s surgery. a ¢0mmL￿ e*. a ¢omrThmfy hal and olfres for Ch*￿e$ and srnall bwnesses. The only spa¢e remawHng to be developed s the ￿ (the hist￿ altar area at north end of Ihe b￿ding) where long temi plans e￿$t to convert that sp&e into a modem meelng space. Custom HDu¥e and Conninu T¢)*m Cofflfflunity Renewal I R•port ofthe m•nagem￿l￿nn￿NPe Fortht arended JO thjrdt 2021 Activities and Achievements How aclivities deliver pubk bU￿rit The ehaity tarries oul a ￿de range of actrib'es in of its thwit*)le The Tntsfres corsder that Ihese adi¥￿"eS dets￿ed bel¢)w, prowde benefit to Ihe pubk. espe¢• Ihose l¢ve in c￿tOrn House and Canning Town and the wder communty of Ne**am * beyorbj. 21 year5 of 5t*bthty sI￿e 2￿0 the Chanty has offi¢e space at St Luke's. makng rt 8 seuxe. ndependent seW-su5taining project tJeprNed p¥i of London. At Ihe bme of Wr￿ng 90% ofthe avalabk offKe spxe was ￿t. The Chanty for its ¢ontwwKies, reserves, bihlding fvnd and other nsks and ¥￿th secure fin￿¢e$. able tc work on projects that benefit the comm￿lty. The greater the suwuses generatet1. Ihe greater the reswrces for thartsb* xtNitr•s.The Charty's landlord duts.es we managed by a Genera Manager. Staff The Chws direct staff numbers fell from 16 to 5 kn PEACH fiew Ihe nest n June 2020 These fve ore hean of resources. iicltthg incLvr* and th8 yewthw terial dep8rtur88 di5¢*sWJa￿t￿knY in the￿na￿a81 Stslvrthy gPW¥ lh8 finanth￿ sta6￿1$ tq5is tr) 8S*Mrn9th* th• co￿￿￿nY YAill contmu thai b8SiS #ny timB the fiianc* pcsrtw rryrotyand to ¢h￿n￿ ￿sUrel￿al thè finwcol compty ￿1th the Crmpgries Act 2006. The m4nwJorrnni rrert4r5 *8 the rnain*7￿ * inlryrty of Ih2 8nd rfoTrotlJn )cluded cffj the %*bsrte. In th8 UK the [V￿ra￿)n aTrJ [￿￿(￿1 $12temits nw The rr￿nag￿l c¢rmiltee is a50 reswJ)stle for safewathg the as8ets o)mrAny for la￿￿9 reH5OrAb￿ sws lty Ihe prevwtioi ¢wetkn ￿traUd and LtherryWI*. Ih81 Ihw have taken al wsurfj Ihat they th￿￿0$ arv al •￿t 1n1cfmati￿ and that th thi$ ar6li*J cn rsago 1. PuWi¢ B•r*fft St•t*ii•rt¢ The TFUSW confwmth21 vAh 4 (rf tho Ch*i*s A(12011 K) WdLE regard kn the Ctr￿ty Coffthissmx's tyi PL** benefrt and B￿rt¥. A resoknlw to Conw7 Chwtw&Y Acc4XJrt¥l$ 45 the VMI be ptop)s&J at th? ADnu Reporting ty Charths Mwch 2C#)Slwd n¥AYUW¢¢ Ihe Frn¥Ei￿ rfpart 1501 the Aci 20 reL8tin9 ￿ snwll eniknes. 2021 *)d sw*J¢kn its bth&Y. RUIZ Ch*ir INDEPEFX*Eirr ExAm￿lf3 REPORT I r8port on the accounts of Custom House and Canning Town Communty Rènewal Proiect for the 12 months ended 30 JUM 2020 $8t out on pages 9 to 21. R•spectiv• r•sponsibiliti•$ of InFste•g and independent examiner The InJ51ee5 lh?￿￿t(￿S (rf tt* FwrrK60s reSP￿sIblefty Ihe of IheacG(wJnls. The Irusle05 co￿Traer tywt is fu this ￿ ufKle¥ S￿1 144121 CharitEs Act 2011. the 2011 Act, athj Ih818n ir¥JepefvYenl nethj. Tr chtys w05S ¢Ye8kny £29).IKK) to Haviry s*vsf%d the c￿lty is I￿t suty"*i to ￿dEr rrn 1% **12 k* wN*rexlent ey￿nakn. n¥y rts$￿￿$1￿1jty lo. lil e>2M1￿ theacctrjnts urdtr 145 cl the 2011 ACL lill to loll(pw lh¢ ￿￿¢&￿1r¢S W d￿1 byts CW 145(5llbl ofthe 2011 Aci.. and (liil ttrswewhethw P*w)J* m*tws mythlK Basis of Independènt examin•fs rnport Inclu¢l8S 8 of th8aC¢￿n￿ry r*c*ds kept a crmpawi d thE *cwits we$8nEgJ wilh t￿6 rwds. 11 c(mcemin9 any mattv5. Thewr¢wJwes do rnt yti4Kleal th? tha be ki an ajdil consewwtty no otxrw)n is gven as Ihe ¥coJrts we5￿1 a knje lar v•¢ ￿ the rw is liniteO io thc6e5 m*ters 881 oul in the slaterftht t*knv. Ind•p•nd•nt •xamln•rfs statem•nl lal whth gN6s me rea51X&)￿ cwto that in rw the r￿u￿•r￿7ts.' 14) tt> pr¢p¥e wxjnts Trwhrh the ¥ccqmtry conpty Ymih the reqwwnwts 398 ar￿ Rap￿ry by Charities.. have not been met, or Ibl Palrlck J Gray Charter•d Aceountant 56 8rack¢n Drive Chi9w•II Essèx IG7 5RD Signed doJr Custom House and CanThng Commithw R•n•wal Prtiiect ststement of Financial Activllles (In￿rporat￿g an *Kom• aTrl Exp*NIIWre accowhtl For the r ended 30 June 2021 2021 Total 2020 Total Unrestricted Restricted Incomlng resour￿5 Notes Voknntsry i￿Orne Imie5trnent I￿orne Incoming resou￿$ from clw7table a¢fvrfies Peach Cowd 19 Parkside GardeThng Project St Luke's and Abraharn's NU￿ery rent and recharges Other CommuiNty Projects 3,402 3,402 5,242 89) 6.050 13.775 6,209 14.665 12259 120,160 4.676 220,971 725 220,971 72S 229,790 29,174 Total inwming resources 232,037 19.984 252,022 389.043 Resources expen(led Cost of generaling lunds Fundraisng ansy publNty Ch8nl•ble a¢tiwties Peach Covid 19 Parks"¢Je Garijening Project St Luke's and knraham's Over 50$ Project Other comm￿lty Projects 890 5,517 11,892 200,808 11.053 8,051 55.352 11.726 11.892 210.107 11,053 8.051 122,891 8,209 11.723 194,597 11.177 Govem4nce costs 3,445 3.445 3,$65 Total resources expended Net IExpenditureVlncome for the yèar 241,655 69.970 311,626 352,373 19.6181 (49.9861 159.6041 36.671 Tiansfers between funds 16,6471 6.647 Net movement in funds for the year {16.2651 143.3391 420,769 IS9.6041 2.401.563 2.364.893 36.671 Total funds brought forward 1.980,795 Funds carriod fonvard 12 1,964.529 377,430 2.341,959 2.401.563 All ol the above results are derived from continuing activities. There were no other recognised gains or losses other than those staled above. Movemenls in funds are disclosed in note 12 to the financial statements. The Statement of Financial Activrtie5 also complies wrth the reqU1￿MentS for an income and expenditure account underthe Companies Act 2006. Page 10 Cusiom No￿9 and CannK4 Town R•rnwal Proi8Ct liinxted ￿ Guarart••l Balan￿ shB•i 2021 20 TaThJlbl• Ilx8d as8•ts 1.690.856 d126.797 2.117.653 1.747.806 255.OLN) 2.CwJ2.8 888•ts Debtors Cash * bank in I￿￿ 10 42.912 3g6.248 219.W 273.152 439.160 Cr•dttorn.' *mowts dup wttlln on• y 40,4Q2 N•t ass•ts 224.jlx 398.758 Tolal AsBets loss current liabl11￿45 1341.9 2,401.563 Th• l￿d8 Ofth ¢harty: unrestric￿ funds fv￿8 D8sw*aY funds 335.738 1.628.792 319.700 1.661.095 Restrict&J funds 377,430 420.769 Total lund* 12 1341.959 2.401.563 The company is entitled lo Ihe ex￿ptIOn from the audit reqUir￿ent tymtained in seebon 4TT of the Companies A¢t 2(XNS. for the year ended 30 June 2020. No manber ofthe company has ￿e[￿lted 8 notice. persuant 10 Section 476. requirirffJ an audit of ttwe a(twnt5. dirKlor¥ a¢knowWae t￿"r responsibilits.es fw ensurirKJ that ￿ ccffipany keeps accountir¥J r8cord5 which compty wth seEAion 386 of the Acl arLI for prepariTrJ aco)Jnls which give a true and fair viw of the state of affairs of the compar¢y as at Ihe end of the financial year and of Its i+Ka)ming resour¢es and application of resources. indudirrfJ its income and expendrture. for the firtanoal year in acC0rfan￿ Mth th8 wuirernents of section5 394 and 395 and which oth￿Se comply the r￿uireMents of the Cornpèn￿ Aci 2G¥J6 ielaTrng to acwunts. so far as applicatAe lo th8 company. Th958 finan¢ial staiements have P{￿r￿ in accO￿a￿e With the sp&ial prwsK)￿ of Part 15 of the Cornpani85 Act 2006 rdaling to srnall companie5. Thè accounts wen approvad by the BO3￿ on ... Sarah Ru Chair Company ￿. 02898 P•]8 11 Custom House and Canning T¢)wn Community Renewal Project Cash Flow Statement For the ear ended 30 June 2021 2021 3J20 Surplusl(deficit) for the year (63.006) 31,428 Reconciliation of Cash generated from Operations Depreciation of Tangible fixed Assets Purchase of Tangible Assets Loss on disposal of assets Decreas81{Increase) in debtors .Decreasel{Increase) in creditors Investments (Increaselldecrease 56,950 57,085 (10.393) 8,444 {171,797) 26.246 (4,532) {10.000) Cash generated from Operations 1179,802) 100,228 Cash from Other sources Interest Receiv8d 3.402 Change in cash and ¢ash equivalents in the year (176,400) 105.470 Cash and cash equivalents at the beginning of year 396,248 290,778 Cash and cash equivalents at the end of year 219.848 396,248 Consisting of '. Cash at bank and in hand 219,848 396,248 Page 12 Custom Hous• and Cannlny T¢yAn Comnx** RenvMI Project Nrt•5 to thp financlal 5tstements For the ar*nded 30 2021 1. A￿our￿lD9 policies Custom House and Canning Town Communty Renewal Project Limrted is a pnvale company limited by guarantee incorporated in England and Wale5. The registered address is The St Luke's Community Centre, 89 Tariing Road. Canning Town. London E16 1HN. The follovling are the more important policies adopted by the charity. al The financial statements have been prepared uThJer the htstorical cost convention and in accordance with the CoMpan￿S constitution and applicable accounting stsndards. They follow the recommendab'on5 in the Accounting and Rew)rling by Char￿"éS Statement of Recommended Practice, applicable to Charibes preparing their accounts in accordance ￿th the Financial Reports'ng Standard applicable in the UK and Republ￿ of Ireland IFRS 102) and the Companies Act 2006. The company is a pU￿1C Benefft Entity as defined by FRS 102. bl Voluntary iftcome i% receNed by way of donations and grffs aThJ 15 included in full in the statement of finanual aclNitses when received or receivable, whichever ts earlier. cl Revenue grants are credf(ed to the statement of financial actr411￿$ when received or recewable whichever is eailier, unless they relate to a specific future penod. in th.ch case they are deferred. dl Contractual in￿rne recogn￿1 as an incoming resource to the extent that the charity has provKJed the seNices. If incoming resources are received in advance of the SerV￿e$ beirMJ provided. they are deferred unlil the charity L% enliued to them. ¢1 Rental income Ys recooni%ed net of vohts. n Gifts in kind represent assets or seN¢95 donated for distributK)n or use by the charty. Assets given for distribution are recognised as incoming resources onty when distriEyJted. Assets given for use by the chanty are recognised when recewable. Gifts in kind ale valued at the arnount actually realised from the disposal of the assets or at the price the chanty would otherwise have al Grants for the purchase of fixed assets are recognised in full in the statement of financial athty'e5 in the year in which they ale receNable. h) Restricted funds are to be used for speofied purposes as laKd down by the donor. Expendilure which meets these criteria is KIent￿￿1 to the fund. il Unrestricted funds are donabon$ aThJ othef income receirfed or generated for the charitable purposes. il Des¥Jnated funds are unrestricted funds earmarked by the trustees for parlicular purposes. P•Je13 Custom Houseand Town con¥n￿lty Ren•¥AI Proltei Noles t(*the flnandal statem For the r •nd•d 30 Jll￿ 2021 1. Accounting policies (continued) kl Tangible tsed assets are ststed at c(tsts less depreualion. Equipment costing less than £500 is written off in the year of purchase. Depr￿latiOn is provhjed on all frxed assets at rates calculated to write off the cost of each asset Over rts esb"mat&J useful lrfe. The deweciation rates in use are as follows". Freehold land Freehold buildings Leasehold property Office Equipment indefinite (no depre(iation charged) 50 years str?￿h1 line (2.00%) period of Ihe lease S Yea￿ straKJhl Ibne basis (20.00%) The gain or loss arising on the dBposal of an a5S9t ts detemiined as the difference between the sale proceeds and the carrying value of the asset and 15 recognised in net incomel{expenditure) for the year. At each reporting date. the chantatrAe Com￿nY reviows the carrying amounts ol its tangible assets to determine whether there ts any indication that those assets have Suffered an impairment loss. If such iThYicatM)n e>ists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment105s(if any). 11 All leases of equipment are operats'ng leases, and rentaL8 are charged to the statement of financial actmb.es on a stroight line basB ¢)ver the lewtt) of the lease. No assets are held under hire purchase agreements. ml Governance costs inclLKle the management of the charitable compan￿S assets, organisab.onal management and com￿lanCe with consbtubonal and ststutory requirements. Cost of raisi funds relates lo the costs incurred ty the charbtable cornpany in ratsing funds for the charitablg work. nl The accounts are prepared in slerling. which is the funclional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. ol Subsldiary The Chanty has a Sub￿J13ry but group accounts are not twepared because ts reulls, assets and 8bilites are not materi81 to the Char*y. pl These accounts for the year ended 30 June 2021 have been prepared in accordance wilh FRS 102. The date of trans￿"on to FRS102 was 1 Aw"12015. The reKNJrted financial posth'on and financial performance for the prÈbryous Ferth are not affected by the transitson to FRS102. Custom House and ca￿lrI1 Town CBig Lottery Fund
Trust for London
London Borough of Newham
Other Sales Income
Sub Total
**Unrestricted Funds**
Training Services
Investment income
Small Grants
Rental Income
Utility recharges
Summer Scheme
Donations
Other Incoming resources
Other Sales Income
Telephone Income
Sub Total
**Total Incoming Resources**|**St Luke's and**
**Abraham's**|-
-
-
-
-
-
-
**0**
**Parkside**
**Gardening**|13,775
-
**Peach**|**Over 50's**
**Project**
-|Youth Club
-
-
-
-
**0**|C19
6,209
6,209
6,000
50
6,050
**12,259**|**General**
**Fund**|**2021**
**Total**
**-**
**13,775**
**6,209**
**-**|2020
Total
115,077
-
-
-| |---|---|---|---|---|---|---|---|---|---| ||-||13,775|-|||-|19,984|115,077| ||-
206,952
13,686
-
333
-||890
-
-
-|-
-|||3,402
-
-
-
725|**-**
**3,402**
**890**
**212,952**
**13,686**
**-**
**-**
**-**
**1,108**
**-**|-
5,242
28,176
214,262
2,980
-
3,050
6,891
5,953
7,413| ||220,971||890|-|||4,127|232,037|273,966| ||||||||||| ||**220,971**||**14,665**|**-**|||**4,127**|**252,022**|**389,043**| Page 16 ## **Custom House and Canning Town Community Renewal Project Notes to the accounts** **For the year ended 30 June 2021** ## **3. Resources Expended** |**Basis of**
**allocation**
**Cost directly allocated**
**to activities**
Staff costs
Staff time
Recruitment
Staff Supervision
Direct
Staff Training
Direct
Staff Travel & Meetings
Direct
Depreciation
Direct
Materials
Direct
Office Costs
Direct
Refreshments/Subsistence
Direct
Insurance
Usage
Internet
Usage
Other Costs
Direct
Publicity
Direct
Social Events
Direct
Summer Project
Direct
Rent and Rates
Direct
Heat & Light
Usage
Telephone
Usage
Cleaning
Usage
Equipment & Maintenance
Direct
Bad Debt Write off
Direct
Donations
Direct
Grant Repayment (BLF)
Direct
Transfer to PEACH
Direct
Accountancy Fees
Direct
**Support costs allocated**
**to activities**
Printing,Postage and Stationery
Usage
Legal and professional fees
Usage
Bank Charges
Usage
Sundry Expenses
Usage
Staff Costs
Staff time
**Total resources expended**|75,834
14
4
56,950
-
380
3
13,850
1,104
22
150
0
4,804
15,225
5,839
3,491
14,144
0
34
438
227
35
17,558
**St Luke's and**
**Abraham's**|9,631
2,034
83
0
0
0
57
87
0
0
0
0
0
11,892
**Parkside**
**Gardening**|0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
23,077
32,276
0
0
0
0
-
55,352
**Peach**|**Over 50's**
**Project**
10,943
63
0
38
0
0
4
0
5
0
0
0
-
11,053|**C19**
7,846
174
812
624
100
84
71
64
0
0
0
1,951
11,726|**General**
**Fund**
2,763
80
33
172
77
4,500.00
370
51
6
0
-2
0
-|**Governance**
3,445
3,445|**2020 Total**
**107,017**
**-**
**-**
**14**
**242**
**56,950**
**2,926**
**496**
**838**
**13,850**
**1,104**
**22**
**227**
**-**
**4,500**
**4,804**
**15,325**
**5,927**
**3,547**
**14,673**
**0**
**51**
**23,077**
**32,276**
**3,445**
**109**
**438**
**225**
**35**
**19,509**|
2019
Total
181,310
3,352
2,500
1,939
1,480
57,085
2,015
8,557
5,350
12,112
1,095
553
435
3,645
-
10,790
15,518
2,075
2,560
8,195
1,748
3,050
-
-
3,565
850
1,939
340
1,118
19,199| |---|---|---|---|---|---|---|---|---|---| ||210,107|||||8,051||**311,626**|352,373| 17 Custom Hou9e and Camlng Ta)Ym Comnwnlty Rene¥MI Project Notes to the finan¢l•l slatem•Thts FIX the ended JO Jun• 2021 4. Trustees None of the trusteeslor any persons connected wrth them) reC￿Ved any remuneration durw the year. nor was anyone reimbutsed for travelling and subsistence (Nil- 2020). s. Staff c95t5 and Dumber5 staff costs weie as follov4S'. 2021 2￿20 Salaries aTrJ wages Social security costs Pension Costs 119,313 5,163 2.051 188,042 9,312 3,155 126.526 200,509 No employee eamed more than £60.000 during Ihe year. The charitable cornpany operatss a defined contribution pensK)n scheme for all qualfy'ng employee5. The assets of the scheme are held separely from those ofthe charty in an indeFendently admink%tered furKI. The charge to income and expenditure account in respect of defmed contribulion schemes was £3,155 {2019- £2276) The average ￿￿eklY number of employees (full-time equNalent} during the year was as follov•E.' 2021 2(r20 Park&de gardening project St Luke's and Abraham's cO￿d 19- LBN Over 50's Club Peach Supwrt 6. Taxation The charitable company 15 exempt from corporation tax as all ils income B chaiilable and is applied for charitable purposes, under S 466 to 493 CTA 2010 Pagg 18 Custom House and Cannlnq Tovrn COrThn￿1fy Rene•MI PmJe¢t Notes to the flnanclal statemènts For the r ended 30 June 2021 7. Tangibk lixed assets Freehold land and buildings L¢asehold Furniture and properb.es uipment Total Cost At the start of the year Addits"ons in year 2.339.293 597,994 190.493 3.127.780 At the end ofthe year 2.339,293 597,994 190,493 3,127.780 Oepr¢¢tatlon At the start of the year Charge for the year 974.678 46.786 216,752 188,544 1,379.974 56,950 Atthe end oflhe year 1.021,464 226,051 189,409 1,436.924 Net Book Value At the end of Ihe yyar 1.317.829 371.943 1,690,856 At the start of the year 381 242 1747 On 19 February 1996 the Charity was given the freehold land and t￿lId1r￿J$ comprising the old Church of St Luke, Victoria Docks by ts owner. the Church ¢0Mmr￿loners for England, for development as 8 commijnty resour￿. The land wa5 Valued on 1 May 1995 by Bernard Williams Associated Chartered Surveyors. at £200.000 and was taken into the accounts at this sum. The balance of the cosvvaluabon shown above represents the cost of developing the srie into the St Luke's communty centre.. this is the costs of depreciable assets wlich * 30 June 2020 amounted to £2.339.293 (2019'.£2.339293) 8. Fixed Asset Investmenl 20 Invèstmènt in subsidiary Deposits 100 245.000 245.10Q 428.797 In December 1995 the charity formed a yJttsK*ary company. St Luke's Project knmited, to undertake the development of the St Luke's Church site. The company has issued 100 £1 shares. all to the Charity. Following compleb.on ofthe development work. the Companls activllies have ceased. The Company has never made a profft or loss and its net assets arg £100. equwalent to the sssued share Ca￿￿1. Total income and totsl expenditure for the year were £Nil(2016 £Nil). Since the companYs results, assets and liatrJ"lrties are not material to the Charity's accounts they are not consolkyated. CorAes of the Comapnls account are available from the Charity's registered office. P•3e 19 Custom Hous• artd c￿nI1￿j Town comrn￿fjty ReThv￿ PfoJe¢¢ Note5 to the financlal statefflents For the r •nded JO June 2021 9. Financlal Instrurrtnts 2021 Carrying amount of finan¢ial assets Debt instrument5 measured al amgrtiS8d cost 53.303 Carrying amount of financial liabilrties Measured at amrtised cost 43.359 10. Debtors 2021 2020 Trade Debtors Stsff Loans Other debtors Prepayments 46.253 35,39) 6,852 3.273 53.304 42,912 11. Credilors . amounts falling due within onè year 2021 2020 Trade ciedito Taxatson and social security Other creditors Accruals Rent Deposit from tenants 17.707 5,487 25,548 5.487 22.132 587 3.530 105 40.402 P•Je Xl Custom Mouse and Canthg To*Tr Cornrwnlty Renewal F￿t¢t For th• •rMltd 30 June 2021 12. Moven*nls in funds At1Ju 2020 Incoming resources Otrtgoing resource5 Transfefs I￿{ovti At 30 Jun• 2021 Restricted lunds: Peach Abrahams Point Cowd 19- LBN British royal legion 34,040 386.714 13.775 54.462 9.299 6.209 6.647 377,415 6.209 15 15 Total rnslricled lunds 420,769 19.984 69,970 6,647 377.430 Designated funds . Frxed assets fuTrJ Sinking Fund 1,339.218 46.786 5,517 1.292,432 336 360 20.(￿K) 1,661,095 20,000 52,303 1,628,792 General Funds 319,7CKI 212,037 189,352 16.6471 335,738 Total funds 2.401.564 252.022 311.626 2,341,959 The Fixed assets fund represents the unrestiicted funds tied up in frrted assets. The comrrmttee has established a Sinki￿ furHJ to finance the cost of future major repaits at St Luke's Centr8 and Abraham's Nursery. The Charirfs Surveyots have athised the amount to be set as•Je. Transfers from general funds to restrithd fund5 relate to the replacement of restricted funds previously utilised for cole acts￿1￿$ 13. Movements in funds Icontinu•d) Grants from Big LocaVLocal Trust {Nab"onal Lottery) for the Peoples EmkX)wennent Alliance for Custom House (PEACH) will be held in ttust as a restricted fund Custom House Cannlry Town ComThMmty Remwal ProJ•6t Notes to the flnanclal statem•nts For the ear ended 30 June 2021 14. Analysis of net assets between funds Restricted funds General funds Total funds Tanglble fixed assets Current awts Creditors.. amounts falling due Mlhin one year 377.415 1.740,238 52.674 220.478 52,659) 3,813 2,117,653 273,152 {48.846 Net assets at 30 June 2021 377.430 1,964,$30 2.341.959 1S. managen￿nt cornrnittee Fnembws, r•mUneraIk￿ and expenses The managèment commrttee memt)ers are the trusteès under charity law and received no remunèrats"on.12019- Nil) 16. Related Paty Tran$a¢li¢n$ In May 2013. the chair agreed vrth the thèrty a license agreement for £3.OCO pw annum for the renlal of the Café. The license agreement ended Jtsly 2019.