SPLASH (SOUTH POPLAR & LIMEHOUSE) Financial statements for the year to March 2024 Charity Reg Nos 1056985 Company Reg Nos 3222354
SPLASH ( South Poplar and Llmehouse ) Annual Report and Accounts for the year 1st Aprfl 2023 to 31*ar¢h 2024 Reference and Admlnistrative Inforniation ststus The charity is constituted by a memorandum and articles of association as a company limited by guarantee without a share capital Trustees .' The following seNed as the Trustee5 for the financial year to 31" March 2024 Muna Said Mohamed Ali Moksudul Choudhury Irene Felici Lucilia Branco Mar8ret Linda Thomas Monica Mary Frost Lucyjane Mc Lagan Ann Lefold Nadir Rahman Registered Office Wigram House Community Centre Wades Place London E14,ODA Reporting Accountants Community Accounting Support Project Dahir House 702 High Road Leyton London EIO,6JP .Charlty ReElstration Nos 1056985 Company Reglstrdtion Nos 3222354 Page I
Trustees Report for the year to March 2024 SPLASH { South Poplar and Limehouse > is a charitable company limited by guarantee It was incorporated on 9 July 1996 and registered as a charity on 22nd July 1996 The Company was established under a memorandum of association which outlines the object5 and powers of the charitsble company and It is governed by its articles of association which details its aims and objective5 as well as the mechanlsm through which Its management committee or board of Trustees are elected Objectives of the Charlty To promote a cohesive and harmonious community To continue the campaign for socially affordable housing and employment for all To create and encourage a confident community in which people feel both safe and valued To hold decision makers and those providtng servlces accountable to our community and to promote the devolution of decision making in the community. SPLASH Main area of activitles Promoting SAFE (SPLASH Action for Employment) Supporting a varied programme of community activities for all residents in the P.oplar Ward Area. With focus on inclusion and diversity Supporting Leaseholders in the SPLASH area Monitoring Decent Homes Provision, helping tenants and leaseholders where possible Extending dNersionary, educational and health projects for children and young people through focused Youth Progrdmmes and developing the Friday Evening Project Working to promote Partnerships- Community, College. Canary Wharf and Crossrail Supporting the "Neighbourhood Planning Forum" in the Ward Adopting the Poplar DLR Station Four specific priorities are- Housing Training/Employment Leisure facilities Future of Poplar High Street Our Funder5 in 202312024 Include National Lottery London Borough of Tower Hamlets Main Grant East End Community Foundation IEECFI London Marathon Foundation GLA Young Londoner Frank Haines Memorial Trust Jack Petchey Foundation Will Crooks TRA Canary Wharf Our sincere thanks and gratitude go to all our supporters fortheir valuable contributions Page 2
For more information to support our work CONTACT SPLASH Isouth Poplar & Umehouse ) Registered Charity 1056985 Company Umited 3222354 Look up Our website www.s lashe14.com or ring 0207 987 0257 or emall us at lashcommuni outlook.com ftlsk Assessment The trustees actively review the major risks which the charity faces on a regular basis, and belleve that maintaining reserves at the current levels, combined with an annual review of the controls over key financial Systems will provide sufficient resources in the event of adverse circumstances. The trustees have also examined the operatlonal and business risk5 faced by the charity and confirm that they have established systems to mitigate the signifjcant risks. Trustee's responslbilities in relation to the financial Statements: Company law requires the trustees to prepare financial statements for each financial year which give a true and fairview of the state of affairs of the charity at the end of the financial year and of its incoming resources and applicatlon of resources, including income and expenditure for the financial year. In doing so the trustees are required to". I, Select suitable accounting policies and then apply them consistently: 2, Make judgements and estimates that are reasonable and prudent: 3, Prepare the financial statement5 on the going concern basis unless it is inappropriate to presumethat the charity will continue in business. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy atany time the financial position of the charlty and enable thern to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the a55ets of the charity and hence for taking reasonable steps forthe prevention and detection of frdud and other irregularities. Reserve policy It 15 the policy of SPLASH to maintain free reserves at a level which balances our objectives to develop and support services with our need to remain financially stsble. A minimum level of free resereS equating to at least 4 months of total expendlture Is considered sufficient to cover management, administration and support costs and to respond to emergency needs which arise from time to time. Page 3
Public Benefft The trustees confirm that they have referred to the guidance contained in the Charity Commisslon, general guldance on public benefrt when reviewing the Trust's aims and objectives and in planning future actrvities. Recruitment and appointment of Trustees The appointment of trustees is by a majority vote of the members of the Annual General Meeting. Trustee indurtion and training New Trustees are given copies of the Memorandum and Articles of A550ciation and copies of previous minutes and attend an introduction session given by an experienced Trustee. Signed on behaEf of the board of Trustees Mary Monica Frost {Trusteel Signed.... Date Page 4
Report of the Independent Examiner to the Tnjstees of SPLASH (South Poplar & L]mehoe Re: Financial statsments for the year ended 31 Marth 2024 Respertive responsibllltles of trustees and examiner The Trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 and that an independent examlnation is needed. 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: examine the accounts under settion 145 of the 2011 Act: to follow the procedures laid down in the general DITections given by the Charity Commission under section 145(5}{b) of the 2011 Act; and to stste whether particular matters have come to my attention. Basls of Independent examinees report My examination was carried out in accordan with the general directions wen 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. These procedures do not seek to express an audit opinion on the accounts Independent examiner's statement In connection with my examination, no matter has come to my attention: {1) which gives me reasonable cause to believe that in any material respect the requirements: to keep accounting CordS in accordance with section 386 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 21J)6 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by 30th Charities have not been met; orto which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Independent Examiner A&$ q?rfrfe4 Mr Alex Davies CASP 702 High Road Leyton London EIO.6JP th Date..30 November 2024 Page 5
Sp1 { SOUTH POPLAR & LIMEHOUSE ) Anatysis of Restrirted And Unrestrirted Fund Movements Yearto March 2024 Unrestricted Restrlcted notes Funds Funds Total 2024 Totsl 2023 IncomSnE Resources Incoming Resouros from Charitable Artivities Communlty & Social Projects Youth Developrnent Projects Splash Play Income from Core activities Total Incoming Resources 94,496 15,81YJ 9,290 94,496 15.800 9,290 6,7(X) 126,286 95,644 26,000 8,980 13,4(Kl 130,624 6,700 6,700 119,586 Resources Expended Directly Charitable Activrties Community & Soaal Projects Youth Development Projects Splash Play Corè attivities Total RerCeS Expended 94,422 25.763 29.704 94,422 25,763 29,704 2,900 152,789 93.089 28.959 27,724 5,908 155,680 2,900 2,900 149,889 Net Incoming Resources for the year 3,800 30.303 26.503 25,056 Opening Fund Balan5 B/Fwd 41,944 129,469 171,413 196,469 Closing Fund Balan5 C/Fwd 45,744 99,166 144,910 171,413 Page 6
SPLASH ( South Poplar & Limehouse ) South Poplar and Limehouse Action for Secure houslng Balance Sheet as at 31st March 2024 Total 2024 Total 2023 tte$ Tanglble Fixed Assets 515 915 515 915 Current Assets Debtors Cash at Bank 146,895 146,895 172,998 172,998 Total Current Assets Current Liabilities 2,500 2.500 Total Current Liabilltles 2,500 Net Current Assets 144,395 170,498 Total Net Assets 144,910 171,413 Fund Balances c/wfd 31st March 2024 Unre5trirted 45,744 99,166 144,910 41.944 129,469 171,413 Restricted Total The trustses are satisfied that the company is entiltled to exemption under section 477 of the Companies Act 2006 and no notice has been deposited under settion 476 of the act queSting that an audit be conducted for the period ended 31st March 2024 The Trustees acknowledge their responsibilities for: {a) ensuring the company keeps accounting records which complies with the requirements of section 386 of Companies Act 2006. Ib} preparing accounts which give a true and fair view of the state of affairs of the company as at the 31st March 2024 and of its income and expenditure forthat finance year in accordance with the requirements of section 393. and which otherwise comply with the requirements of the Companies act relating to accounts x) far as applicable to the company. The accounts have been prepared in accordan with the special provisions applicoble to small companies. Approved on the 30th November 2024. And signed on behalf of Trustees Mary Monica Frost Trustee Page 7
SPLASH ( ' outh Poplar & Limehouse ) Notes to the Accounts for year ended 31st March 2024 l Ac£ountlng Policies AccountlnE Basis a The Financial statements are prepared under the historic cost basis in accordance with applicable accounting standards and in compliance with Statements of Recommended Practice Number 2 { accounting by charities ) b The Charity's main source of income is from grant5 and donations.some income is also derived from activities and seNices provided by the Organisation. c Grants received for specific purposes are accounted for as Restricted funds and are applied in accordance with the tem)s of the granL d Income and expendrture relating to the activities have been taken into account on an accruals basis. 2 Analysis of Incoming Resour$ East End Community Foundation London Marathon Foundation ESOL FQI l Faithful Companions Jesus ) LBTH Main Stream Grant National Lottery Barking side REM Frank Haines Jack Petchey London Youth Canary Wharf & Limehouse Causeway Wakefield Private Donnors105mani Trust.Individuals,Will Crooks Ect Tower Hill Grant City Of London NIP & Splash Year 2024 21,770 15,800 Year 2023 10,500 26,000 8,280 45,065 23.391 9.314 9,600 1,800 10,500 3,000 7,800 1,800 4,399 1.615 4.665 15,500 4.CKJO 1,000 21,100 3,290 6,700 126,265 130,624 3 Resources Expended Community & Social Projects Youth Development Projetts Splash Play Core activities Year 2024 94.422 25,763 29,704 2,900 152.789 Year 2023 93,089 28,959 27.724 5.908 155,680 Computer & Office Equipment FIxtU & Fittings 4 Tangible Flxed Asets At Cost /Valuation Accumulated Depreciation & Impairment Value Opening balance Blfwd Charge for the year March 2024 Cum Depreciatiuon Charge to date 21,084 4.783 20,650 200 20.850 4,302 200 4,502 Net Book Values 2024 234 281 Page 8
Notgs to the Accounts continued 5 Creditors fallin8 due within l year Professional Fees Social Security Costs Year 2024 2500 Year 2023 2,50Q 2,500 2,500 6 Staff Costs Staff costs during the year were as follows Wages & Salaries Social Security Costs stsff Pensions 108,134 27,314 2,749 88,134 22,997 3,463 Average nos of Part time employees Including sessional workers 13 13 7 The Trustees did not receive nor did they wave entitlement to remuneration during the year to Marth 2024 and No reimbursements were made for travelling expenses during the stated period 8 As a registered charity the company is exempt from income & corporation tax on incorne derived from its charitable activities as TL falls within the various exemptions available to registered charities 9 Funding Structure Policy The charity maintains a general unrestritted fund which represents funds which are expendable at the discretion on the trustees in furtherance of the objectives of the charity Restricted funds have been provided to the charity for particular purposes and it is the policy of the board to monitor the 3pplication of those funds in accordance with the restrirtions placed upon them Page 9