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← Custom House And Canning Town Community Renewal Project

2025-06-30-accounts

earlyNo. 1035200

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Custom House and Canning Town Community Renewal Project

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| Report & Financial Statements | 30 June 2025 —

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Custom House and Canning Town Community Renewal Project

Index To Financial Statements

For the year ended 30 June 2025

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Custom House and Canning Town Community Renewal Project

Reference & administrative information

For the year ended 30 June 2025

Status . The
organisation		 is a charitable charitable company company company limited limited by guarantee, 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.
ManagementCommittee Sarah J. Ruiz Chair
Amala R. Charles Treasurer
Janet A. Moffatt
Lorraine Starke resigned 18 March 2026
Dr Fransisco Rosillo-Caile Vice Chair
Freda Ayres
Adrian P. Hodgson
Dr John McNeill appointed 19 September 2024
ywepsite
;		 www.chcterp.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 NationalWestminster Bank :
East Ham Branch
;
37 High Street North ,
London
E61HS

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Custom House and Canning Town Community Renewal Project

, Objects and activities

Report of the management committee

For the year ended 30 June 2025

The trustees present their report and the financial statements for the year ended 30 June 2025, 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.

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

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

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.

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Custom House and Canning Town Community Renewal Project

Report of the management committee

For the year ended 30 June 2025

How The Charity's activities deliver public benefit

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The charity carries out 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.

25 years of financial stability

Since 2000 the Charity has let office space at St. Luke's making it a secure, independent, and self-sustaining project in this poor part of London. At the time of writing 95% of the available office space was let. The Charity plans for its contingencies, reserves, building fund and other risks and with secure finances is able to work on projects that benefit the community. The greater the surpluses generated the greater the resources available for charitable activities. The Charity's landlord duties are managed by a General Manager.

150 years of St Luke's

After 25 years the custodians of the Old St. Luke's, the CH&CTCRP, has looked after the Grade II listed building for a 1/6 of its life. The Trustees called for events to mark the full history 150 years of St. Luke's and an exhibition of St. Luke's in the community was devised and displayed for 4 months of 2025. The exhibition is available on the Charity's website www.chcterp.org.uk.

In July a very well attended and much enjoyed 150th Celebration took place in the Grounds of St. Luke's and Keir Hardie Rec. That day the parish priest Rev. Stott blessed the newly named Fr. Goose Hall in recognition of the revered local cleric.

In September a solemn and moving memorial was the first activity to take place in the newly restored Apse. The event was in remembrance of the Hallsville Tragedy of 10th September 1940 when, in a air raid, a school sheltering children and mothers, was hit causing many casualties. St. Luke's was also struck. The unforgettable event included poetry, names, testimony, was attended by children from Hallsville School and interspersed by arias from a magnificent young soprano,

Staff

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The Charity has 6 direct staff numbers. These are headed by the General Manager responsible to the trustees. He is supported by a Financial Administrator and Building Manager for St. Luke's. Two staff are with Parkside and there is an over 50s worker. In recent years the General Manager and the Financial Administrator were able to cut their working days to 3.

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Custom House and Canning Town Community Renewal Project

Report of the management committee

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For the year ended 30 June 2025

‘Community Space rr

Maintaining the community hall and cafe area, 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 can assist the establishment of smaller groups or attract them to the area. The subsidised use of the hall is equivalent to financial support of over £40,000 a year.

The subsidised use of hall and the cafe helps: a mothers and toddlers group, a youth club, the over 50s club and lunch, Powerhouse (2 days a week), a bingo club, a food bank, a chat group and a sowing group. The University of the 3rd Age has used the facilities too. Cheap time zones are available for children's parties. Furthermore, the hall is available for private functions for local people at a rate which cannot be beaten.

Community activities also took place outside in the grounds of St. Luke's which provide good outdoor space for activities such as annual Summer Fetes. In July a joint event with the Parish and the Council bought great numbers to a funday to celebrate 150 Years of St. Luke’s.

Whilst the British Legion branch has long been closed the Charity continues to organise the Remembrance service which was again well attended in November 2025.

The Cafe

The cafe and its seating area were used for food preparation and storage (in freezers) during the virus period. This activity was maintained continuously from early April 2020 to 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 cooker/ovens replaced the old gas appliance in the kitchen. The café is also a food bank distribution point every Thursday and the room is used as a meeting place. The Over 50's Club In January 2019 the Charity 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. This worked well and the Friday day sessions remain well attended. The virus brought new challenges and the over 50s worker maintained and developed contact with the elderly and frail. Staff hours were increased from 2.5 to 4 days a week.

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 activities on several special occasions including: Christmas dinner cooked and served by HSBC staff and sponsored trips out. Connections with the English National Ballet have been maintained. The ENB provides special bi weekly keep fit sessions for the club and offers occasional visits to full. A partnership with Rosetta Arts to enhance a section of the grounds at St. Luke's with accessible planters has been well received and involved the Club making colourful outdoor mosaics. A link up with West Ham Foundation to do 1 to 1s about benefit entitlement 8 of which have been undertaken. The club has attracted committed volunteers two of whom help with every session.

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Custom House and Canning Town Community Renewal Project

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Report of the management committee

For the year ended 30 June 2025

St. Luke’s Thursday

The local parish of St. Luke’s (Victoria Dock) received grant funding to develop social activities for local people and so got together with the Charity. April 2022, saw the start of a successful mothers and toddlers group which continues meeting every Thursday morning. Then in June 2023 a new youth club was launched and that meets every Thursday evening. In 2024 amid day chat group for anyone interested was launched and whilst the group is small it is a valuable resource. In the preliminary discussions with the parish the Charity was assured that the activities the Parish put on - would be done in a secular manner and so conform the CH&CTCRP’s constitution. .

Community Outdoor Group( COG)

COG, offers young people, including those with special needs, BMX and cycle training. The project needed a Newham base and a Newham body to provide corporate support. The Charity's Trustees agreed to take on this role with COG and so in 2023 began a very well appreciated and popular project based at Gooseley Green.

~ COG delivered over 150 sessions and worked with 20 schools, colleges and specialist educational provision targeting _ at risk youths. It attracted a minimum of 300 young people. In 2025 financial and staff resources could not be found for a major.scheme but smaller one offs took place. However, the facilities are still in place and the hope is 2026 will , see more activity.

Parkside

Powerhouse

Powerhouse is an independent charity catering exclusively for women with disabilities and was one of the longest standing tenants at St. Luke's. In 2016 Powerhouse scaled down it's office to free desk and storage space and has subsequently been able to deliver the same level of service at St. Luke's where is benefits from subsidised use of the Father Goose Hall.

The Apse and Other Building Heritage work

The apse of the old St. Luke's Church contains massive fine art mosaics which constitute one of Newham's most important in situ art. The mosaics, a core reason for St. Luke's being listed, were sadly vandalised at ground floor level before the CH&CTCRP acquired the building. The Charity took steps to clean and cover the damage and install a brand new floor. Scaffolding was erected so the stonework could be cleaned. In 2025 works to remove the scaffolding and make some final improvements, made the Apse ready for use as a bespoke venue.

The Apse is now a marvellous venue with unique acoustics. Its first modern use was as the setting for a special an moving memorial service to remember the Hallsville Tragedy, attended by children from Hallsville School and interspersed by arias from a magnificent young soprano.

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Custom House and Canning Town Community Renewal Project

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Report of the management committee

For the year ended 30 June 2025

The Apse is now a marvellous venue with unique acoustics. Its first modern use was as the setting for a special an moving memorial service to remember the Hallsville Tragedy, attended by children from Hallsville School and interspersed by arias from a magnificent young soprano.

~The completion of the work on the apse after 25 years in the custody of the CH&CTCRP means that all the space on the ground floor of St. Luke's is available to communities.

In early spring 2025, following lengthy planning the whole South Face of St. Luke’s was repaired with some bright yellow stocks and repointed in using traditional mortar. At the same time coping stones were replaced. The whiteness of the lime mortar looks out of place but it is how St. Luke's would have appeared in 150 years earlier.

Abrahams

The Charity built and let a new nursery by 2000 and obtained a 20 year lease for the property from Newham Council after which the Charity has a right to purchase outright for a peppercorn — for a couple of years the Charity has been trying to formally secure this legal entitlement. The building remains let to a Lithuanian community organisation who use the whole building for childcare activities.

Volunteer Activity

_ . ThemembersCharity'svisitManagementthe office, theCommitteetreasurer keepsis totallytabsvoluntary.and the TheChairCommitteeregularly monitorsproperly theoverseesGeneraltheManager.Charity. CommitteeNone of the meetings of the Management Committee have been inquorate and if such governance and direction were to be purchased it would be expensive. The Charity's Directors and Trustees receive no remuneration, monetary or otherwise.

The Charity's main functions are performed by paid staff. As the Charity does not directly organise charitable activities other than where paid staff are required, there is little need for volunteers to help the Charity's 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 volunteers. So the Charity has created a volunteer form to properly engage with voiunteers. The charity's workers and trustees are linked to a web of people who bring charitable effort to St. Luke's and central to the Charity's policy is to encourage volunteers to set up and run their independent activities. By offering free use of the community hall and by assisting small local organisations the Charity assists volunteering. ;

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Paradoxically the voluntary sector is better developed in richer areas and so the Charity works to improve and enlarge the area's voluntary sector and a good environment for the voluntary sector and volunteering.

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Custom House and Canning Town Community Renewal Project

Report of the management committee

For the year ended 30 June 2025

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 to lease the blocks to a private landlord who used insecure tenancies so clearance could take place at short notice whenever without a Council duty to rehouse. The private rents were doubled with housing benefit stepping in.

The Charity's General Manager helped local tenants to represent themselves. The residents made some gains but were soon de-recognised. Subsequently, the Charity learned that the Council had warned that the Charity's General Manager will not be spoken to. The Charity was an enemy and sustained collateral damage.

In 2018 the new Mayor inherited a mess with few resources to deal with the problems. The focus of the regeneration moved to Custom House and PEACH took on the issue of housing rights and, supported by the new Mayor, won significant changes. The contract with the private landlord was terminated and the private tenants put into the vacated blocks as assured council tenants.

The housing question was spurred on by the new Cross-rail station at Freemasons Road where land prices have again inflated. The pressure for more private dwellings continues. Around St. Luke's hundreds were built with none of them for social rent. One whole development of 300 units was sold off plan in China.

' Financial review

The Committee receives a quarterly review of the Charity’s financial position so that all trends can be regularly - examined. The Charity reviewed its financial standing orders in 2015.

‘ Total income for the year decreased by £9,634 from. £272,380 to £262,746 a 3.54% derease. Expenditure ’ decreased by £563 from £276,146 to £275,584, an decrease of 0.26%. There was a deficit for the year of £12,838 (2023/24 : deficit £3,767). This deficit is stated 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 conducted regarding their current valuation.

The total funds held by the charity decreased during the year from £2,356,673 to £2,343,835. These funds are divided for accounting purposes into restricted funds, which represent 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 £350,880 to £340,219 and a decrease in unrestricted funds from £2,005, 793 to 2,003,615

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Custom House and Canning Town Community Renewal Project

Report of the management committee

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For the year ended 30 June 2025

The principal financial policies adopted during the year are (i) the accounts are prepared under the historical cost convention; (ii) incoming resources relating to grants and material donations are recognised in the period to which they are receivable and (iii) 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 practice 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 continuing restriction as to use and hence the asset is not held in a restricted fund.

Reserves Policy

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 2024-2025, a net -£1,933 (2023-2024- £28,489) was deducted from the building reserve. The sinking fund balance at the year end is £376,768. By the time of writing the Charity increased its secure investment deposits to £748,095 Itis also assured that there is a minimum 3 month fluid reserve for the staff and other liabilities.

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Custom House and Canning Town Community Renewal Project

Report of the management committee

For the year ended 30 June 2025

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:

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.

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

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 Patrick Gray ACCA Chartered Accountant 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.

This report was approved by the Board on te,ve Ant Ch, 2026 and signed on its behalf .

SARAH RUIZ Chair ,

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TO THE MEMBERS OF CUSTOM HOUSE AND CANNING TOWN COMMUNITY RENCWAL PROJECT

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INDEPENDENT EXAMINER'S REPORT

Respective responsibilities of trustees 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 trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, the 2011 Act, and that an independent examination is needed. The charity's gross income exceeded £250,000 and | am qualified to undertake the examination being a qualified member of the Institute of Chartered Accountants of Scotland.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

(iii) to state whether particular matters have come to my attention

’ Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view" and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

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Patrick J Gray Chartered Accountant . 56 Bracken Drive 7: Chigwell Essex IG7 5RD SiQmedLehn~...........ceseeceeeecereeeeeene A Sa DOI, vesen

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Custom House and Canning Town Community Renewal Project

Statement of Financial Activities (Incorporating an Income and Expenditure account) -

Forthe yearended 30June2025 .
2025 2024
Unrestricted Restricted Total Total
Incoming resources Notes £ £ £ £
Voluntary income - - - 213
Investment income 21,619 - 21,619 18,371
Nursery rentand recharges 236,739 - 236,739 240,651
Incoming resources from charitable activities
Over 50's Club 2,948 - 2,948 3,262
COG cycling scheme oe - - 9,883
. Parkside Gardening Project 939 - 939 -
150th (Charity) 500 500 -
Total incoming resources 2 262,746 - 262,746 272,380
Resources expended
Cost ofgenerating funds
Fundraising and publicity - -
Charitable activities
Youth Club - - - -
COG-BMX - 2,262 2,262 10,967
Parkside Gardening Project 11,990 - 11,990 10,788
St Luke's and Abraham's 224,569 9,299 233,868 226,534
Over 50s Project 22,951 - 22,951 25,033
Other Community Projects 1,078 - 1,078 (386)
‘Governance costs 3,435 - 3,435 3,210
Total resources expended 3 264,024 11,561 275,584 276,147
Net (Expenditure)/Income forthe year (1,278) (11,561) (12,838) (3,767)
. Transfers between funds 11 (900) 900 - -
Netmovement infunds fortheyear year (2,178) (10,661) (12,838) (3,767)
Total funds broughtforward 2,005,793 350,880 2,356,673 2,360,440
Fundscarriedforward 12 2,003,615 340,219 2,343,835 2,356,673

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 Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

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Custom House and Canning Town Community Renewal Project (Limited by Guarantee)

Balance sheet

As at 30 June 2025

2025 2024
Note £ £ £
Tangible fixedassets 7 1,465,432 . 1,521,517
Term Deposits 8 748,095 656,059
2,213,526 2,177,575
Current assets
Debtors 10 54,948 51,884
Cash at bank and in hand 115,357 165,876
170,305 217,760
Creditors
Amounts falling duewithin oneyear 11 (39,997) (38,662)
Net current assets 130,308 179,097
Total Assets less current liabilities 2,343,834 2,356,673
The funds ofthe charity:
Unrestricted funds
General funds 521,559 . 475,019
Designated funds 1,482,056 1,530,774
Restricted funds 340,219 350,880
Totalfunds 12 2,343,834 2,356,673

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 2025. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.

The directors acknowledge their 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 Act 2006 relating to accounts, so far as applicable to the company.

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

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The accounts were approved by the Board On 700.00 cece ccneenee tet amennees
Sarah J. Ruiz Amala R. Charles
Chair Treasurer
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Company No. 02898308

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Custom House and Canning Town Community Renewal Project

Cash Flow Statement

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For the year ended 30 June 2025

2025 2024
£ £
Surplus/(deficit) forthe year (34,458) (22,138)
Reconciliation ofCash generated from Operations
Depreciation ofTangible fixed Assets 56,085 56,085
Purchase ofTangible Assets . 0 0
Loss on disposal of assets 0 0
Decrease/(Increase) in debtors (3,064) (8,112)
Decrease/(Increase) in creditors 1,335 (3,450)
Investments (Increase)/decrease (92,036) (6,059)
Cash generated from Operations (72,138) 16,326
Cash from Other sources
Interest Received 21,619 18,371
Change in cash and cash equivalents in the year (50,519) 34,697
Cash and cash equivalents at the beginning ofyear 165,876 131,179
Cash and cash equivalents at the end ofyear 115,357 165,876
Consisting of : .
Cashatbankandinhand ~ 115,357 165,876

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

For the year ended 30 June 2025

1. Accounting policies

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 1HN.

The following are the more important policies adopted by the charity.

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

For the year ended 30 June 2025

  1. Accounting policies (continued)

  2. 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 rates in use are as follows:

Freehold land indefinite (no depreciation charged) Freehold buildings 50 years straight line (2.00%) Leasehold property . period of the lease Office Equipment 5 years straight line basis (20.00%)

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in net income/(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). ;

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0) Subsidiary

The Charity has a subsidiary but group accounts are not prepared because its results, assets and - Liabilities are not material to the Charity.

P) These accounts for the year ended 30 June 2025 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.

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

For the year ended 30 June 2025

1. Accounting policies (continued)

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

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.

Restricted funds are subject to restrictions on their expenditure imposed by the donor.

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Custom House and Canning Town Community Renewal Project Notes to the financial statements For the year ended 30 June 2025 .

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Incoming Resources :
2025 2024
., St Luke's and Parkside Over 50's 150th General
Abraham's Gardening Youth Club Project COG-BMX (Charity) Fund Total Total
Restricted Funds
Grants 939.32 1,000 0 500 2,439 -
COG Cycling Summer Play
Scheme : - 0.00 - 6,650
London Borough ofNewham - - - - -
Other Sales Income - 404 404 1,000
Training Services - - - - - - - 3,233
Sub Total - 939 - 1,404 - 500 - 2,844 10,883
Unrestricted Funds
Cafe Income - - 1,424 - - 1,424 1,644
Investment income - - . - - - 21,619 21,619 18,371
Small Grants - -
Rental Income 228,737 - - - - - 228,737 231,545
Utility recharges 4,500 - - - - : - 4,500 5,467
Donations : - - -— - - - : -
Other Incoming resources 208 - - 120 - - 328 1,106.05
Other Sales Income - - - - - - - 175
Telephone Income 3,294 - - - - - 3,294 3,190
Sub Total 236,739 - - 1,544 - - 21,619 259,902 261,497
Total Incoming Resources 236,739 939 0 2,948 0 500 21,619 262,746 272,380
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Custom House and Canning Town Community Renewal Project Notes to the accounts

For the year ended 30 June 2025

Resources Expended

Basis of StLuke'sand StLuke'sand Parkside Parkside Parkside Over50's ‘General ‘General 2025 2024
allocation Abraham's Gardening YouthClub Project COG-BMX Fund Governance Total Total
Costdirectly allocated
to activities
Staffcosts Stafftime 78,595 9,595 - 18,101 - - 106,291 107,256
Recruitment
StaffTraining
StaffTravel& Meetings
Depreciation
Materials
OfficeCosts
Refreshments/Subsistence		 Direct
Direct
Direct
Direct
Direct
Direct
Direct		 -
11
56,085
42
97
15		 . : -
-
-
767
109
290		 -
-
-
-
-
-		 - : -
228
-
79
4
2,987		 2,255
:
-
7
-
-		 -
-
-
46
0
614		 -
2,255
239
56,085
940
202
3,906		 - -
8,322
961
56,085
277
276
3,268
Insurance Usage 15,393 - - - - - 15,393 14,882
Internet Usage 696 - - - - - 696 904
Publicity
Social Events
Rentand Rates		 Direct
Direct
Direct		 150
-
5,141		 -
-
-		 -
-
--		 -
175
-		 -
-
-		 -
-
-		 150
175
5,141		 173
-
4,948
Heat& Light Usage 24,669 : - 11 - - 24,680 30,987
Telephone Usage 2,222 - - : 30 - - 2,252 1,826
Cleaning Usage 4,127 34 - 89 - - - 4,251 3,910
Equipment & Maintenance Direct 26,312 195 - 217 - 378 27,102 16,555
Donations
Accountancy Fees		 Direct
Direct		 - 4
-		 - - - - 40 -
3,435		 39
3,435		 -
3,210
Supportcosts allocated
to activities
‘Printing, Postage and Stationery Usage 51 - - - - 51 342
Legal and professional fees Usage 2,020 - - - - 2,020 960
Bank Charges Usage 218 - - - - 218 281
Sundry Expenses Usage 35 : 40 - - 75 35
StaffCosts Stafftime 17,990 999 999 - - 19,988 21,240
Totalresourcesexpended 233,868 11,990 0 22,951 2,262 1,078 3,435 275,584 276,147

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

For the year ended 30 June 2025

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- 2024).

5. Staff costs and numbers

.

Staff costs were as follows:
2025 2024
£ . £
Salaries and wages 120,708 122,704
Social security costs 3,432 3,685
Pension Costs 2,140 2,107
126,280 128,496

No employee earned more than £60,000 during the year.

The charitable company operates a defined contribution pension scheme forall 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 £2,140 (2024 - £2,107)

The average weekly number of employees (full-time equivalent) during the year was as follows:

2025 2024
No. No.
Parkside gardening project 0.5 0.5
St Luke's and Abraham's 2.5 2.5
Covid 19 - LBN 0.5 0.5
Over 50's Club 0.8 0.8
Support - -
.
4.3 4.3

6. Taxation

.

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes, under S 466 to 493 CTA 2010

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

,

: |

,

For the year ended 30 June 2025

For thethe year endedended 30 JuneJune 2025 ‘
Tangible fixed assets
—
Freehold
land and Leasehold Furniture and
buildings properties equipment Total
£ £ £ £
Cost
At the start ofthe year 2,339,293 597,994 190,493 3,127,780
Additions in year - - - -
At the end ofthe year 2,339,293 597,994 190,493 3,127,780
Depreciation
At the start of the year 1,161,822 253,948 190,493 1,606,263
Charge for the year 46,786 9,299 - -
56,085
)
At the end of the year 1,208,608 263,247 190,493 1,662,348
Net Book Value
Attheend of the year 1,130,685 334,747 - 1,465,432
At the start ofthe year 1,177,471 344,046 - ~ 1,521,517
On 19 February 1996 the Charity wasgiven the freehold land and buildings comprising 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 cost/valuation shown above represents the cost of developing '
the site into the St Luke's community center : this is the cost of depreciable assets which at 30
June 2025 amounted to £3,127,780 (2024 :£3,127,780)
Fixed Asset Investment
2025 2024.
£ £
Investment in subsidiary 100 100
Deposits 748,095 . 656,059
, 748,195 ~_656,159

7. Tangible fixed assets

  1. Fixed Asset Investment

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 madea profit or loss and its net assets are £100, equivalent to the issued share capital. Total income and total expenditure for the year were ENil( 2016 ENil). 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.

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements Notes to the financial statements :
Forthe year the yearended 30June2025 :
9. Financial instruments 2025 2024
. £ £
Carrying amount offinancial assets
Debt instruments measured at amortised cost 54,948 51,883
Carrying amount of financial liabilities
Measured at amortised cost 40,144 28,594
40. Debtors
; 2025 2024
£ £
Trade Debtors 54,948 51,883
Staff Loans - -
Prepayments ; 1 1
54,949 51,884
11. Creditors
: amounts falling due		 within one year
2025 2024
£ £
Trade creditors 8,694 8,782
Taxation and social security (147) 10,068
Other creditors 1,756 2,255
Accruals 24,392 13,560
Rent Deposit from tenants . 5,302 3,997
39,997 38,662

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Custom House and Canning Town Community Renewal Project

.

Notes to the financial statements

For the year ended 30 June 2025

.

12. Movements in funds

==> picture [463 x 283] intentionally omitted <==

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |At1|July|=|Incoming|Outgoing|Transfers|At 30 June| |2024|resources|resources|In/(Out)|2025| |£|£|€|£|E| ||| |Restricted|funds:| |Abrahams|Point|_|.|349,518|-|9,299|-|340,219| |COG|cycling|scheme|1,362|-|2,262|900|-| |Total|restricted|funds|350,880|-|11,561|900|340,219| |Designated|funds|:| |Fixed|assets|fund|1,152,074|46,786|1,105,288| |Sinking|Fund|378,700|20,000|21,933|0|376,768| ||| |1,530,774|20,000|-|68,719|-|1,482,056| |General|Funds|475,019|242,746|195,304|(900)|521,559| |Total|funds|2,356,673|262,746|275,584|-|2,343,834|

----- End of picture text -----

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 Charity's 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

==> picture [463 x 122] intentionally omitted <==

----- Start of picture text -----
||||||||||| |---|---|---|---|---|---|---|---|---|---| |Restricted|General|Total| |funds|funds|‘funds| |£|£|£| |Tangible|fixed|assets|340,219|1,873,307|2,213,526| |Current|assets|52,674|117,631|170,305| |Creditors:|amounts|falling|due|within|one|year|(52,674)|12,677|(39,997)| |Net assets|at|30|June|2025|340,219|2,003,615|2,343,834|

----- End of picture text -----

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Custom House and Canning Town Community Renewal Project

Notes to the financial statements

For the year ended 30 June 2025

  1. Management committee members’ remuneration and expenses The management committee members are the trustees under charity law and received no remuneration. (2024 - Nil)

16. Related Paty Transactions

There were no related party transactions for the year ended 31 March 2025 (2024- Nil)

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