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 rerect 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 Charit5 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 repsent 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