2024-06-30-accounts

Company No. 02898308 Charity No. 1035200 Custom House and Canning Town Community Renewal Project Report & Financial Statements 30 June 2024 •AOYJCQTE' 1710312025 COMPANIES HOUSE A07

149

Custom House and Canning Town Community Renewal Project Report and accounts Page Reference & admlnlstratlve Information Report of the management committee Independent Examinerfs report Statement of financial activities 10 Balance Sheet 11 Cash Flow Statement 12 Notes to the financial statements 13-22

Custom House and Canning Town Community Renewal Project

Reference & administrative information

Status

The organisation is a charitable company limited by guarantee, incorporated on 15 February 1994 and registered as a charity on 21 March 1994.

Governing document

The company was established under a Memorandum of Association which established the objects and powers of the charitable company and is governed under its Articles of Association. The Memorandum and Articles of Association were amended to reflect the new name of organisation.

Management Committee Sarah Ruiz Chair Amala Corera . Treasurer Janet Moffatt Lorraine Starke Frank Rosillo-Calle Vice Chair Freda Ayres Adrian Hodgson Elizabeth Booker Resigned 20th March 2024 Website www.chctcrp.org.uk General Manager John McNeill Company number 02898308 Charity number 1035200 Registered office and operational address The St Luke’s Community Centre 89 Tarling Road Canning Town London E16 1HN Independent Examiner Patrick J Gray Chartered Accountant 56 Bracken Drive Chigwell Essex IG7 5RD Bankers National Westminster Bank East Ham Branch 37 High Street North London E6 1HS

1

Custom House and Canning Town Community Renewal Project

Report of the management committee

For the year ended 30 June 2024

The trustees present their report and the financial statements for the year ended 30 June 2024, which are also prepared to meet the requirements for a directors' report and accounts for Companies Act purposes. This report has been prepared in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (FRS102) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to smaller entities.

Structure, Governance and Management

The Committee members serving during the year, and those currently serving, are shown on page 1. The Charity has no issued share capital or debentures; hence no directors' interests require disclosure.

The control and direction of the Charity is the responsibility of the Management Committee and its members are elected and co-opted to it under the terms of the Memorandum and Articles of Association. Elections are held at the Charity's Annual General Meeting and the Committee can co-opt members during the year. Attendance is good and in an open environment people are able to take up the reigns of governance. At any given time, the majority of members are well aware of their duty and the systems in place to do their duty.

The Committee delegates its power to run the Charity from day to day to the General Manager who acts on ~~employment matters, exercises routine financial control, ensures that the essential landlord functions are properly~~ maintained and organises specific project development and management. The General Manager ensures that the Committee remains informed by issuing reports on all aspects of the organisation to every Committee meeting. These reports give Directors regular opportunity to minute their views, set and adapt policy and make binding decisions which create a clear line of accountability.

The trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and is satisfied that systems are in place to mitigate its exposure to the major risks.

Objects and activities

The Charity is established for the promotion of any charitable purposes for the benefit of the residents of the Custom House and Canning Town areas of London. There have been no changes to the objects since the Charity’s inception.

The principal policies of the Charity to further its objects are as follows:

• Develop and maintain local buildings and infrastructure for the benefit of the community

• Play a role in the area's overall regeneration by participation in and contribution to local forums

• Operate and assist in the operation of projects for the benefit of the community and

• Assist local community groups and projects from surpluses from rents from the Charity’s property.

The Charity continues to properly manage its assets in the interests of the local area and continues to work to improve efficiency. St Luke's and Abrahams constitute some 25,000 square feet of space put to good social purpose. The Charity's policy is let to a range of socially useful tenants to provide unrestricted funds which cover the Charity's core costs and a modest surplus to apply for good purposes.

St. Luke's houses a double doctor's surgery, a community cafe, a community hall and offices for charities and small businesses. The only space remaining to be developed is the Apse (the historic altar area at the north end of the building) where long term plans exist to convert that space into a performance space.

2

Custom Hou$e •nd Cannlng Town Communlty R•n¢wal ProJ¢ct R•port of the management ¢ommltt•e For th• ear gndad 30 June 2024 How The Charity's activities deliver public benefit The charity carries oul a wide range of activities in pursuance of its charitable aims. The Trustees consider that these activities detailed below, provide benefit to the public, especially those who live in Custom House and Canning Town and the wider community of Newham. 24 years of finantial stability Slnce 2000 the Charity has let office space at St. Luke's making it a secure, independent, and self-sustaining project in Ihis poor part of London. At the time of writing 100°h of the available office space was let. The Charity plans for its contingencies, reserves, building fund and other risks and wilh secure finances is able to work on projecls that benefil the community. The greater the surpluses generated the greater the resources available for charitable activities. The Charity's landlord dulles are managed by a General Manager. Staff The Charity has 6 direct staff numbers. These are headed by the General Manager responsible lo the trustees. He is supported by a Financial Administrator and Building Manager for St. Luke's. 2 stsff are with Parkside and there is 1 over 50s worker. In recent years the General Manager and the Financial Administrator working days were cut to 3 per week and so the Charity has saved around £20,000 per year. CommunSty SpAce Maintaining the community hall and cafe area and letting that space at a heavily subsidised rate to groups that serve the local community is an important part of the Charity's capacity building work. In this way the Charity is able to assist the establishmenl of smaller groups or attract them to the area. The subsidised use of the hall is equivalent to financial support of £44,000 a year. The subsidised use of hall and the cafe is available to a number of groups: a mother and toddlers. group. a youth club, a special needs youth club, the over 50s club and lunch, Powerhouse (2 days a week). a bingo club, a food bank a sowing group and for children's parties. Furthemiore, the hall is available for private functions ft)r local people at a rate which cannot be beaten. Community aclivities also took place outside In the grounds of St. Luke's which provlde good outdoor space for adivities such as annual Summer Fetes. An event was held in June 2022 to mark the Queen's 70th Jubilee. Whilst the Legion branch has long been closed the Charity continues to organise the Remembrance service which wa5 again well attended in November 2024. Tbe Cale The cafe and its seating area were used for food preparation and storage (in freezers) during the virus period. This activity was maintained conlinuously from early April 2020 lo June 2021. Since then the cafe has been used by the well-attended Over 50's Club who have a meal there every Wednesday. In 2024 a secure storage facility was added to store cloths for a new clothes bank and two induction cookerlovens replaced the old gas appliance in the kilchen. The café is also a food bank distribution point every Thursday and the room is used as a meeting place.

u¥¢om Hou3• •nd Cannlng Town Communlty R•n•wal Prolecl Report ol the management Cammittee For the ar endod 30 Jun4 2024 The Over 50,3 Club In January 2019 the Charily created the new part time post of Over 50s development worker to lay on a variety of laid back activities to attract a range of elderly people. Thi5 worked well and the all day Friday day sessions remain well attended. The virus brought new chall&nges and the over 50s worker maintained and developed contact with the elderly and frail. Stsff hours were increased from 2.5 to 4 days a week. In 2020 the Club started working with Bikeworks who used their open air eleclric cycle taxis to ferry members to and from the club. This was immensely popular and Bikeworks and remained a valuable partner to the Club until it ran into money difficulties. In June 2022 the Over 50's club ran a second hand clothes stall and this proved to be a great success. The Charity agreed to a regular clothes stall as a response to rising living costs. The secure cloths storage is now built in the cafe seating area and run by the Over 50s club. The Club has been successful in getting corporate support for Its activiti8s on s8V8ral special occaslons including.. Christmas dinner cooked and Served by HSBC staff and sponsored trips out. Connections with the English National Ba118t have been mainlained. The ENB provides occasional visits lo full rehearsals and they provide biweekly keep fit sessions at the Friday club. A partnership with Rosetta Arts lo enhance a section of the grounds al St. Luke's with accessible planters has been well received and involved the Club making colourful outdoor mosaics. A link up wth West Ham Foundation to do 1 to 1s about benefit entil18m8nl 8 of which have been undertaken. Last but by no means least the club has attraded committed volunteers two of whom help with every session. Sl. Luk•'$ Thursday The local parish of Sl. Luke's (Victoria Dock) received grant fundlng to develop social activities for local people and so got together with the Charity. The result, in April 2022, was the start of a highly successful mothersand toddlers, group which continues meeting every Thursday moming. Then in June 2023 a new youlh club was launched and that meets every Thursday evening. This too is a successful project that has embedded itself quickly. In the preliminary discussions wth the parish the Charity was assured Ihat the activities the Parish put on would be done in a secular manner and so conform to the CH&CTCRP's constitution. COG COG, an inltiative run by the Charity offers young people including those wilh special needs with BMX and cycle training. The project was looking for a Newham base and a Newham body to provide corporate and financial control. The Trustees agreed to take on Ihis role with COG and so in 2023 began a very well appreciated and popular project based al Gooseley Green and also operaled at King George the 5th park. There have been holiday schemes and other sesslons provided. COG has received grants thal cover Its expendllure. COG has delivered over 150 sessions and worked with 20 schools, colleges and specialist educational provision targeting at risk youths including a mainlenance project based at St. Luke's. It has attracted a minimum of 300 young people. The project has been acclaimed. Parksldo The Parkside Gardening Project has been supported since 2007 in assisting referred people suffering mental health difficulties in a horticultural contest. In 22123 there We￿ 13 supported volunteers. The project involves maintaining a sensory garden, plant propagation, clearance, composting, soil preparalion and planting. Parkside increases social opportunities. self-esteem. confidence, physical fitness, a varied weekly routine, and a warm space in winter.

Custom Houae and Cannlng Town Community R¢newal Project Réport of the management commlttee For th• ar ended 30 Jun• 2024 Pow•rhouse Powerhouse is an independent charity catering 8xclusively for women with disabilities and was one of the longest standing tenants al St. Luke's. In recent times funding support has grown tighler for all small charities including Powerhouse so in 2016 the decision was taken to allow Powerhouse free desk and storage space in the CH&CTCRP office al St. Luke's lo help Powerhouse make ends meel. The arrangement has workod well an(i continues, Powerhouse also benefits from a large subsidy to its regular use of the hall. Tha virus The staff unanimously agreed they would continue to attend work and do whatever the Charity thought best and they stuck to this stance doggedly and maintained their slalions throughout. In April 2020 the Charity's Trustees agreed a general plan lo make all the public spaces In St. Luke's available to any authority who might need them and for the building to be used in some way to help alleviate the anticipaled food deprivation in the community. The Over 50's worker'5 hours were increasad to 4 days a week and money was made available from reserves. The staff all mucked in, put the cafe into us8 and shared the regular cooking of food (delivered by Ihe Council and purchased by the Charity) that was frozen for distribution. That effort delivered over 150 meals week. The Ap$0 and Other Buildlng Heritage work The apse of the old Sl. Luke's Church contains massive fine art mosaics which constitute one of Newham's most Important works of 8rt. The mosaics, a core reason for St. Luke's belng listed. were sadly vandalised at ground floor level before the CH&CTCRP moved In. The Charlty has taken steps to clean and cover the damage and Install a brand new floor. Scaffolding was erected so the stonework could be cleaned. Now the Charity plans lo remove the scaffoldin9 and make some final improvements to make the Apse ready for use as a bespoke venue. The Committee recently agreed to re￿rect the scaffolding and use it to repair the outside coping stones at the top of the south face of the building. Abrahams The Charity built and let a new nursery by 2000 and obtained a 20 year lease for the propety from Newham Council after which the Charity has a right to purchase outright for a peppercorn - this entitlement has been applied for through legal channels. The building remains let to a Lithuanian community organisation who use the whole building for childcare acts'vities. Volunteer Attivlty The Charitys Management Committee is totally voluntary. The Committee properly oversees the Charity. Committee members visit the office, the treasurer oversees all payments and the Chair regularly monitors the General Manager. None of the meetings of th8 Management Committee have been inquorate and if such govemance and direction were to be purchased it would cost a tidy sum. The Charitys Directors and Trustees receive no remuneration, monetary or otherwlse. The Charitys main functions are performed by paid staff. As the Charity does not directly organise charitable activities other than where paid staff are required, there has been little need for volunteers to help the Charitys main effort. However, Parkside's work is with people who are deemed to be volunteers and the over 50s Club has been greatly aided by volunteer5. In response lo this the Charity has created a volunteer form to properly avail volunteers a more secure and better managed way of operaling. The charity's workers and Irustees are linked lo a web of people who bring charitab18 8ffort lo St. Luke's and central lo the Charivs policy is lo encourage volunteers lo sel up and run their independent activities such as the youth club and the elders. afternoons. By offering free use of the community hall and by assisting small local organisations the Charity assists volunte8ring.

Custom House and Cannlng Town Communlty Renewal Proj•et Report of the managèment committee For th¢ ear ended 30 June 2024 Paradoxically the voluntary seclor is better developed in richer areas and to counter Ihis. the Charity works lo improve and enlarge the area's voluntary sector. This way the Charity has helped lo create a long temi environment for more volunteering. The area's regeneration The Charilvs working area remained in one of the most stubbornly poO￿$t areas of East London. Years of "regeneration" barely dented the siluation. The Council had got nowhere and in a frustrated moment one of its chief housing officers dubbed the locals as being 'not nomial" In 1999 the Jubilee Line came to Canning Town: that brought long tenn consequences. Property prices. buoyed by the better transport links, In 2000 spurred Newham Councll developed a regeneration plan involving the demolition of 2000 council built homes and the building of 10,000 private dwellings. Local people, mainty secure council tenants, approved so long as their rights were to be observed and the demolished council homes replaced. They thoughl the regeneration was a fair swap for having their existing blighted homes replaced in situ with a standard decanling operation with phases of demolition followed by new build for those tenants lo be rehoused and so on. They thought they had signed up to a "right to return". In practice the bvord "relurn. somehow morphed lo mean that tenants could "retum. as council tenants as rf they had ever slopped being council tenants. Tenants were offered accommodation somewhere else, indeed anywhere else so long as il was out of the area. Standard decanting was out and demolition to make way for overwhelmingly private flats was in. To pave the way for the developer whole blocks were cleared too early and the empty dwellings became a scandal. The Council's solution was lo lease the blocks to a private landlord who used insecure tenancies so the homes could be cleared at short notice whenever the land was required without a Council duty to rehouse them. The private landlord doubled the rent: with the difference paid by the taxpayer via housing benefrt. The Charitys General Manager helped local tenants to represent themselves. The residents made some gains but were soon de-recognised. Subsequently, the Charity learned that the Councll had insisted that the Charit￿5 General Manager shall not be spoken to, The Charity was treated as an enerny of the Council until a new mayor was elected. In 2018 the new Mayor inherited a mess with few resources to deal with the problems. The focus of the regeneration moved to Cuslom House and PEACH took on Ihe issue of housing rights and, supported by a new Mayor. won significant changes. The contract with the private landlord was terminated and the private tenants put into the vacant blocks declared assured council tenants. The houslng question was spurred on by the new Cross-rail station at Freemasons Road where land prices are again being inflaled. The pressure lor more private dwellings continues. Around Sl. Luke's hundreds were built with none of them for social rent. One vthole developmenl of 300 units was sold off plan in China.

Ctsstom House and CannlThg Town Communlty Rengwal Proj¢¢t Rèport of tho management commlttse For tho ear ended 30 Jung 2024 PEACH In 2012 the Lottery (Big Local) funded a 10 year £1 million grant for Custom House community priorities. The People's Empowerment Alliance of Custom House (PEACH) was fomied in 2013 and the CH&CTCRP became the 'Local Trusted Organisation" (LTO) responsible for the initiative's corporate existence. PEACH developed community run participation and focused on housing issues in Custom House. However, the CH&CTCRP grew to understand that its role. particularly as the PEACH employer (213 of CH&CTCRP staff), left the Charity Wlth all the legal responsibilities yet with little authorily. These legal issues were a long term problem and a fundamental and as yet unresolve(J design flaw in the structure of the Big Locals. In 2020 PEACH had set up ils own corporate structure and when its own way. It continues to function. Financial review The Committee receives a quarterly review of the Charity's financial position so that all trends CAn be regularfy examined. The Charity reviewed its financial slanding orders in 2015. Total income for the year increased by £2,725 from £269,655 to £272,380 a 1.1% increase. Expendilure decreased by £7,340 from £283,48710 £276,147. an decrease of 2.6 %. There was a deficit for the year of £3,767 (2022123 deficit £13,832). This deficit is staled after the annual depreciation charge of £56,085, charged against the capital funds received to purchase buildings. However. original construction costs are the basis of the depreciation calculation which is required for accounting purposes. The accounts show the net book value as based on their historic construction costs, and no further valuations have been Gonducted regarding their current valuation. The total funds held by the charity decreased during the year from £2.360,440 to £2,356,673. These funds are divided for accounting purposes into restricted funds, which rep￿sent the unexpended balances of donations and grants held on trust for specific purposes, and unrestricted funds that are available for the general purposes of the charity. During the year, there was a decrease in the total value of the restricted funds from £361,279 to £350,880 and a increase in unrestricted funds from £1,999.161 to £2,005.793 The prlncSpal financial policies adopted during the year are (i) the accounts are prepared under the hislorlcal cost convention: {ii> incoming resources relating to grants and material donations are recognised in the period to which they are receivable and (lil) resources expended are recognised on the accruals basis and on the basis that consideration has been received for the expenditure. Full details of the accounting policies adopted during the year are shown in note 1 to the Accounts. In praclice the Committee believes that it is possible to keep its assets in good repair indefinitely and sets aside up to £28,649 into the Sinking Fund (see Note 12 to the accounts). The built assets, being developed with grant funding meant there was no contlnulng restrlctlon as to use and hence the asset is not held in a restrlcted fund. Resetves Pollcy The Charity's continued ability to meet its objectives rests on the proper management of its assets. In addition, the Committee. guided by professional advice, sets aside a specified sum to a building fund for future repairs in line with its 50 year life cycle program. In 2023-2024, a net £26,490 (2022-2023- £2,715) was added to the building reserve. The sinking fund balance at the year end is £387,700. By the time of writing the Charity increased its secure investment deposits to £656,059 It is also assured thal there is a minimum 3 month fluid reserve for the stsff and other liabilities.

Custom House and Canning Town Community Renewal Project

Report of the management committee

For the year ended 30 June 2024

Responsibilities of the management committee

Company law requires the management committee to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the year then ended.

In preparing those financial statements which give a true and fair view, the management committee should follow best practice and:

select suitable accounting policies and then apply them consistently

• make judgements and estimates that are reasonable and prudent

• state whether applicable accounting standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements

• prepare the financial statements on the going concern basis unless it is inappropriate to assume that the company will continue on that basis

The management committee is responsible for keeping adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006.

The management committee members are responsible for the maintenance and integrity of the corporate and financial information included on the charity's website. Legislation in the UK governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

The management committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Each member of the management committee confirms that to the best of their knowledge there is no information relevant to the independent examination of which the independent examiner is unaware. Members of the management committee also confirms that they have taken all necessary steps to ensure that they themselves are aware of all relevant audit information and that this information has been communicated to the independent examiner.

this report are listed on page 1. Members of the management committee, who are also trustees under charity law, who served during the year and up to the date of

Public Benefit Statement

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, 'Charities and Public Benefits'.

A resolution to appoint Conways Chartered Accountants as the company's independent examiner will be proposed at the Annual General Meeting. This report has been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (issued in March 2005) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities. i[1] 20) Saeas and signed on its behalf . ms report was app,oved by the Boanl oo .. \;/,,[1] Q.

SARAH RUIZ

8

INDEPENDENT EXAMINER'8 REPORT TO THE MEMBERS OF CUSTOM HOUSE AND CANNING TOWN COMMUNITY RENEWAL PROJECT I report on the accounts of Custom House and Canning Town Community Renewal Project for the 12 months ended 30 June 2024 set out on pages 10 to 22. Respecllve responslbllltles of truslees and Independent examiner The charity's trustees who are also the directors of Custom House and Canning Town Community Renewal Project for the purposes of company law are responsible for the preparation of the accounts. The tsuslees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011, the 2011 Acl, and that an independent examination is needed. The charitys gross income exceeded £250,000 and l am qualified to undertake the examination being a qualified member of the Instilule of Chartered Accountants of Scotland. Having salisfied myself that the charity Is not subjecl lo audlt under company law and is eligible for independent axamlnalion. It is my responsibility lo. (i) examine the accounts under sectlon 145 01 the 2011 Act: (li) to follow the procedures laid down in Ihe general Directions given by the Charity Commission under sectlon 145(5}(bl of the 2011 Ad., and (iii) to state whether particular matters have come to my attention Basis of independant examinerfs report My examination was carried out in accordance wth the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by th& charity and a comparison of the accounts presented with those records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as Irusle6s conceming any such mallers. The procedures undertak8n do not provide all the evidence thal would be required in an audit and consequently no opinion is given as to whethèr the accounts present a "true and fair Vie￿ and the report is limlled to those matters set out in the statement below. Independent examinerfs statement In connection wilh my examination, no matter has come lo my attenlion: (a) which gives me reasonable cause to believe that in any material respecl Ihe requirements.. {il to keep proper accounling records in a¢¢ordan¢e with $acllon 386 of Ihe Companies Act 2006.. and {ill lo prepare accounts which accord with the accounting records. comply with the accounting requirements of section 396 of the Companies Acl 2006 and with the methods and principles of the Slalemenl of Recommended Praclice: Accounling and Reporting by Charities: have nol been met. or to which. in my opinion, attention should be drawn in order to enable a proper understanding ol the accounts lo be reached. (b) Patrlck J Gray Chartered Accounlant 56 Bracken Drive Chigwell Essex IG7 SRD Signed Date

Custom House and Cannlng Town Community Renewal Project Statement of Financial Activities (In¢orporatlng an Income and Expendlturo account) For the ear ended 30 Juna 2024 2024 Total 2023 Total Unrestricted Restricted Incomlng resources Notes Voluntary income Investment income Incoming resources from Gharitable aGtivilies Over 50's Club COG-BMX Parkside Gardening Project St Luke's and Abraham's Nursery rent and recharge3 Other Comrnunily Projects 213. 18,371 213 18,371 6.775 3.262 3,262 9,883 4.370 25,800 175 9,883 240,651 240,651 231.885 650 Total Incomlng resources 262,497 9,883 272,380 269,655 Resources expended Cost of genernting funds Fundraising and publicity Charltable activities Youth Club COG-BMX Parkside Gardening Projecl Sl Luke's and Abraham's Over 50s Project Other Community Projects 261 23.353 10,969 217,690 26,880 1,124 10,967 10,967 10,788 226,534 25.033 (386) 10,788 217,235 25.033 (386) 9,299 Govamance costs 3,210 3,210 3,210 Total resources expended Net {Expenditure)Ilncome for the year 255.880 20,266 276.147 283,487 6,616 110,383) 13,767) (13,832) Transfer$ botwoon funds 11 15 (15) Net movement in funds for the year 6,631 {10,3981 {3,767} (13,832) 2,360,440 2.374,272 Total funds brought forward 1,999,161 361,279 Funds carried fonNard 12 2,005,793 350,880 2,356,673 2,360,440 All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in note 12 to the financial statements. The Stalement of Financial Activities also complies with the requirements for an,incOme and expenditure account under the Companies Acl 2006. 10

Custom House and Canning Town Community Renewal Project ILimitÈd by Guarantee) Balance sheet s at 30 June 2024 2024 2023 Note Tangiblo fixed assets Term Deposits 1,521,517 656,059 2,177.575 1.577,602 650,000 2,227.602 Current ass•ts Debtors Cash at bank and in hand 10 51,884 165.876 43.772 131.179 217,760 174,951 Creditors Amounts falllng du• wlthln one ￿•r 38,662 42,113 N•t curr•nt a•sets 179,097 132,838 Total Assets less current liabilities 2.356,673 2,360.440 The funds of the charity: Unrestricted funds General funds Designated funds 475,019 1,530,774 450,090 1,549,071 Restricted funds 350,880 361,279 Total fund$ 12 2,356,673 2.360.440 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 June 2024. No member of the company has deposited notice, pursuant to section 476. requiring an audit of these accounts. The directors acknowledge Iheir responsibilities for ensuring that the company keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Acl 2006 relating to accounts, so far as appllcable to the company. These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating lo small companies. The accounts were approved by the Board on .. Sarah Ruiz Chair Amala Corera Treagur•r Company No. 02898308 11

Custom House and Canning Town Community Renewal Project Cash Flow Statement For the ear ended 30 June 2024 2024 2023 Surplusl{deficit) for the year (22,138) (20,607) Reconciliation of Cash generated from Operatlons Depreciation of Tangible fixed Assets Purchase of Tangible Assets Loss on disposal of assets Decreasel(Increase) in debtors Decreasel{Increase) in creditors Investments {Increase)Idecrease 56,085 56,305 (8,112) (3,450) (6,059) 7,793 (10,632) (304,433) Cash generated from Operations 16,326 (271,574) Cash from Other sources Interesl Received 18,371 6,775 Change in cash and cash equivalents in the year 34,697 (264,799) Cash and cash equivalents at the beginning of year 131,179 395,978 Cash and cash equivalents at the end of year 165,876 131,179 Consisting of . Cash at bank and in hand 165,876 131,179 12

Custom Hous• and Cannln9 Town Communlty Renewal Project Notes to the Ilnanclal statements For the ar ended 30 Juné 2024 1. Accounting policiès Custom House and Canning Town Community Renewal Project Limited is a private company limited by guarantee incorporated in England and Wales. The registered address is The St Luke's Community Centre, 89 Tarling Road, Canning Town, London E16 1 HN. The following are the more important policies adopted by the charity. a) The financial statements have been prepared under the historical cost convention and in accordance with the company's constitution and applicable accounting standards. They follow the recommendations in the Accounting and Reporting by Charities . Statement of Recommended Practice, applicable to Charities preparing their accounts in accordance with the Financial Reporting siandard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. The company is Public Benefit Entity as defined by FRS 102. b) Voluntary income is received by way of donatlons and gifts and is included In full in the statement of financial actlvlties when received or receivable, whichever is earlier. c) Revenue grants are credited to the statement of financial activities vthen received or receivable whichever is earlier. unless they relate to a specific future period, in which case Ihey are deferred. d) Contractual Income is recognised as an incoming resource to the extent that the charity has provided the services. If incoming resources are received in advance of the services being provided, they are deferred until the charity is entitled to them. e) Rental income is recoqnised net of voids. n Gifts in kind represent assets or services donated for distribution or use by the charity. Assets given for distribution are recognised as incoming resources only when distributed. Assets given for use by the- charity are recognised when receivable. Gifts in kind are valued at the amount actually realised from the disposal of the assets or at the price the charity would otherwise have paid for the assets. ) Grants for the purchase of fixed assets are recognised in full In the statemenl of financial activities in the year in which they are receivable. h) Restricted funds are to be used for specified purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund. il Unrestricted funds are donations and other income received or generated for the charitable purposes. i) Designated funds are unrestricted funds earmarked by the trustees for particular purposes. 13

Custom House and Cannlng Town Communlty Renewal Proje Notes to the financial statements For the ar ended 30 June 2024 1. Accounting policies (continued) k) Tangible fixed assets are stated at costs less depreciation. Equipment costing less than £500 is written off in the year of purchase. Depreciation is provided on all fixed assets at rates calculated to write off the cost of each asset over its estimated useful life. The depreciation raies in use are as follows.. Freehold land Freehold buildings Leasehold property Offi'ce Equipment indefinite (no depreciation charged) 50 years straight line (2.00'/0) period of the lease 5 years straight line basis (20.00 /0) The gain or loss arising on the disposal of an assel is determined as the difference belween the sale proceeds and the carrying value of the asset and is recognised in net incomel(expenditure) for the year. At each reporting date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss(if any). l) All leases of equipment are operating leases, and rentals are charged to the slatement of financial activities on a straight line basis over the length of the lease. No assets are held under hire purchase agreements. m) Governance costs Include the management of the charitable company's assels, organisational management and compliance with constitutional and statutory requirements. Cost of raising funds relates to the costs incurred by the charitable company in raising funds for the charitable work. nl The accounts are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financSal statements are rounded to the nearest £. o) Subsidiary The Charity has a subsidiary but group accounts are not prepared because its results, assets and Liabililies are not material to Ihe Charity. p) These accounts for the year ended 30 June 2024 have been prepared in accordance with FRS 102. The date of transition to FRS102 was 1 April 2015. The reported financial position and financial performance for the previous period are not affected by the transition to FRS102. 14

Custorn House and Canning Town Communlty Renewal Projoct Nolos lo ihe financlal slatements For the ar onded 30 June 2024 1. Accounting policies (continued) q) The financial statements have been prepared on the going concem basis. The management committee members have considered a period of one year from the date of approval of the accounts. r) Cash and cash equivalents include cash in hand, deposits held at call with banks. other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in curreni liabilities. s) The charity has financial assets and financial liabilities of a kind Ihat qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlemenl value. t) The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. Temiination benefits are recognised immediately as an expense when the charity Is demonstrably committed to terminate the employment of an employee or to provide terminatlon benefits. u) Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due. v) In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The esiimates and associated assumplions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. 1.2 Accumulated funds Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funda are allocated out of unrestricted funds by the trustees for specific purposes, The use of such funds is at the trustees, discretion. Restncted funds are subject to restrictions on their expenditure imposed by the donor. 15

Custom House and Canning Town Community Renewal Project Notes to the financial statements For the year ended 30 June 2024

Incoming Resources

Restricted Funds East Ham Neighbourhood Community Assembly COG Cycling Summer Play Scheme London Borough of Newham Other Sales Income Training Services Sub Total Unrestricted Funds Cafe Income Investment income Small Grants Rental Income Utility recharges Donations Other Incoming resources Other Sales Income Telephone Income Sub Total Total Incoming Resources	- St Luke's and Abraham's	- - - - - - - - - - - - - - 0 Parkside Gardening	Youth Club - - - - - - - - - - - - 0	Over 50's Project 1,000 -	COG-BMX 0 6,650.00 - 3,233 9,883 - - - - - - - - - 9,883	General Fund -	2024 Total - 6,650 - 1,000 3,233	2023 Total 14,700 8,600 - - -
	-			1,000		-	10,883	23,300
	- - 231,545 5,467 - 275 175 3,190			1,486 - - - - 776 - -		158 18,371 - - - 55 - -	1,644 18,371 - 231,545 5,467 - 1,106 175 3,190	1,459 6,776 500 224,406 3,547 6,339 100.00 30 3,198
	240,651			2,262		18,584	261,497	246,355
	240,651			3,262		18,584	272,380	269,655

16

Custom House and Canning Town Community Renewal Project Notes to the accounts For the year ended 30 June 2024

Resources Expended

Basis of allocation Cost directly allocated to activities Staff costs Staff time Recruitment Direct Staff Training Direct Staff Travel & Meetings Direct Depreciation Direct Materials Direct Office Costs Direct Refreshments/Subsistence Direct Insurance Usage Internet Usage Publicity Direct Social Events Direct Rent and Rates Direct Heat & Light Usage Telephone Usage Cleaning Usage Equipment & Maintenance Direct Donations 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	80,781 - 232 56,085 - 105 113 14,882 904 173 - 4,948 30,902 1,776 3,881 11,017 - 342 960 281 35 19,116 226,534 St Luke's and Abraham's	9,532 - 4 - 4 19 158 - - - - - - - 4 5 - - - - - 1,062 10,788 Parkside Gardening	- - - - - - - - - - - - - - - - - 0 Youth Club	Over 50's Project 16,943 - 480 - 273 - 2,982 - - - - - 85 50 25 3,132 - - - - - 1,062 25,033	COG-BMX - 8,322 246 - - - - - - - - - - - - 2,400 - - - - - - 10,967	General Fund - - - - - (400) 14 - - - - - - - - - - - - - - -	Governance 3,210 3,210	2024 Total 107,256 - 8,322 961 56,085 277 (276) 3,268 14,882 904 173 - 4,948 30,987 1,826 3,910 16,555 - 3,210 342 960 281 35 21,240	2023 Total 111,319 - 11,296 349 56,305 273 187 4,445 13,827 984 640 287 1,626 25,521 1,430 3,722 26,616 85 3,210 47 13 291 45 20,970
						(386)		276,147	283,487

17

Custom House and Canning Town Communlty Renewal Project Notes to the financlal statements For the ear ended 30 June 2024 4. Trustees None of the trustees(or any persons connected with them) received any remuneration during the year, nor was anyone reimbursed for travelling and subsistence (Nil- 2023). s. Staff costs and numbers staff costs were as follows: 2024 2023 Salaries and wages Social security costs Pension Costs 122,704 3,685 2,107 125,772 4,298 2,220 128,496 132,290 No employee earned more than £60,000 during the year. The charitable company operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. The charge to income and expenditure account in respect of defined contribution schemes was £2,107 (2023 - £2,220) The average weekly number of employees (full-time equivalent) during the year was as follows: 2024 No. 2023 No. Parkside gardening project St Luke's and Abraham's Covid 19 - LBN Over So's Club Support 6. Taxatlon The charitable company is exempt from corporation lax as all its income is charitable and is applied for charitable purposes. under S 466 to 493 CTA 2010 18

Cuslom House and Cannlng Town Communlty Ronewal Project Notes to the financial statemenls For the ear ended 30 June 2024 7. Tangible fixed assets Freehold land and buildings Leasehold Fumiture and properties equipment Total Cost At the start of the year Additions in year 2.339,293 597,994 190,493 3.127,780 At the end of the year 2,339.293 597,994 190,493 3,127,780 Oepfoclatlon At the start of the year Charge for the year 1,115,036 46,786 244,649 9,299 190.493 1,550,178 56,085 At the end of the year 1,161,822 253,948 190,493 1,606,263 Net Book Value At the end of tha year 1,177,471 344,046 1,521,517 At the slart ol the year 1,224,257 353,345 1.577,602 On 19 February 1996 the Charity was given the freehold land and buildings comprlsing the old Church of St Luke, Victoria Docks by its owner, the Church commissioners for England, for development as a community resource. The land was 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 cosuvaluation shown above represents the cost of developing the site into the St Luke's community center ', this is the Gost of depreciable assets which at 30 June 2024 amounted to £3,127,7803 (2023 '.£2,339.293) 8. Fixed Asset Investment 2QZ4 202J Investment In 8ubsldlary Deposits 100 656,059 100 650,000 In December 1995 the charity formed a subsidiary company, St Luke's Project Limited, to undertake the development of the St Luke's Church site. The company has issued 100 £1 shares, all to the Charity. Following completion of the development work, the Company's activities have ceased. The Company has never made a profit or loss and its net assets are £100, equivalent to the issued share capital. Total income and tolal expenditure for the year were £NiS(2016 £Nil). Since the company's results. assets and liabilities are not material to the Charity's accounts they are not consolidated. Copies of the Company's account are available from the Charity's registered office. 19

Custom House and Canning Town Community Rénewal Project Noles to the Ilnancial statements For tho ear •nded 30 Jun• 2024 9. Flnanclal Instruments 2024 2023 Carrying amount of financial assets Oebt instruments me8sured at amortised cost 51,883 43,771 Carrying amount of financial liabilities Measured at amortised cost 28,594 31,680 10. Debtors 2024 2023 Trade Debtors Staff Loans Prepayments 51,883 43,771 51,884 43,772 11. Credltors amounts falllng due wlthln one year 2024 2023 Trade creditors Taxation and social security Other creditors Accruals Rent Deposit from tenants 8,782 10,068 2,255 13,560 3,997 12,142 10,433 2,277 13,560 3,701 38,662 42,113 20

Custom House and Cannlng Town Community Renewal Project Notes to thé financial slatements For the ar ended 30 June 2024 12. Movements in funds At 1 July Incoming 2023 resources Outgoing resources Transfers Inllout) At 30 June 2024 Restricted funds: Abrahams Point COG-BMX British Royal legion 358,817 2.447 15 9.299 10,967 349,518 1,362 9,883 (15) Total reslrlcted funds 361,279 9,883 20,266 (15) 350,880 Oeslgnated funds . Fixed assets fund Sinking Fund 1,198,860 350,211 46,786 160 1,152,074 378,700 28,649 1,549,071 28.649 46,946 1.530,774 General Funds 450,090 233,848 208,935 15 475,019 Total funds 2,360,440 272,380 276,147 2,356,673 The Fixed assets fund represents the unrestricted funds tied up in fixed assets. The committee has established a sinking fund to finance the cost of future major repairs at St Luke's Centre and Abraham's Nursery. The Charitys Surveyors have advised the amount to be set aside. Transfers from general funds to restricted funds relate to the replacement of restricted funds previously utilised for core activities 14. Analysis of net assets between funds Restricted funds General funds Total funds Tangible fixed assets Current assets Creditors: amounts falling due within one year 349,518 1,828,057 52.674 165,086 (51,312) 12,650 2,177,575 217,760 (38,662) Net assets at 30 June 2024 350,880 2,005,793 2,356,673 21

Custom Houso and Cannlng Town Communlty Ronewal ProJ•¢t Notès to the financial statements Forthe ear ended 30 June 2024 15. Manag•m•nl commilt•• m•mb•r•' r•munoration and oxpensos The management committee rnembers are the trustees under charity law and received no remuneration. {2023 . Nil) 16. Related Paty Transactions There were no related party transactions for the year end ed 31 March 2024(2023- Nil> 22