Canary Wharf Contractors Fund
Registered Charity Number: 1097007
Financial statements
for the year ended 31st March 2025
together with Trustees, and Independent Examiner's Report

Canary Wharf Contractors Fund
Trustees and Offi￿rS
Trustees
Alec Vallintine (Chairman)
Giles Woolley
Nicholas Curran
Secretary
Alan Ruddy
Registered office
Canary Wharf Contractors Fund
One Canada Square
London
E14 SAB
Charity No: 1097007
Accountants & Independent Examiner
Simmons Gainsford Professional Services Limited
38-40 Chamberlayne Road
London
NW10 3JE
Bankers
Barclays Bank
Leicester
LE87 2AB
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Canary Wharf Contractors Fund
Trustees, report
for the period ended 31 March 2025
Financial Statements
The Trustees present their report and financial statements for the period from 1 April 2024 to
31 March 2025.
Constitution
The Fund was established by a declaration of trust on 25 April 2002 and was registered with
the Charity Commission on 11 April 2003 under registration number 1097007.
Objectives
The objects of the Fund are, but are not limited to:
the relief of poverty generally but with special regard to persons and their dependent
families who have been or are employed in the building and engineering trades and
professions.,
the relief of sickness and distress of persons, who by reason of their work in or
association with the building and engineering trades, have become partially or totally
incapacitated through injury or illness.,
to support the bereaved families of persons working in the building and engineering
trades or who have retired but had previously worked in the building or engineering
trades"
to foster and promote high educational and training standards in the fields of building,
engineering and architecture",
to support young people in the local community in education, training, citizenship and
sport:
to support families in the communrty whose children are ill or are life limited and
to support institutions in the community who provide welfare and healthcare support.
Organisation
The trustees who served during the period and since the period end are set out on page 2.
The Trustees are appointed by the board of trustees and serve for an unlimited period. The
trustees meet as frequently as required to plan fund raising events and to assess grant
applications.
Overall control and decision making rests with the Board of Trustees. Day to day operational
management is perfomied by employees of Canary INharf Contractors Limited.
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Canary Wharf Contractors Fund
Trustees, report (continued)
for the period ended 31 March 2025
Grant making policy
The charity invites applications for funding of projects. Applicants are invited to submit a
summary of their proposals. The applications are reviewed against specific criteria in particular
the charitable objectives set out above.
Financial review
As the impact of the coronavirus pandemic eased considerably during the year the fund was
able to hold three fund raising events again being a golf day, a dragon boat racing evening
and a five-a-side football toumament. On a cash basis during the year the golf raised
£218,490, the football £22,311 and dragon boat racing £17.905, in each cases net of
expenses.
The fund was able to make grants totalling £213,363 in the period.
The fund made a net surplus on a cash basis in the period of £48,901.
Reserves
The Fund had unrestricted reserves of £148.764 as at 31 March 2025.
Risk Management
The trustees are involved in all significant decisions and as such, actively review the major
risks which the Fund fa￿s.
Our main risks are"
a deterioration in the economic environment or level of construction activity leading to a
reduction in income generation and
a new pandemic.
These risks could affect the ability to make or meet grant commitments. This would have to be
countered by reducing grants made and by holding a cash reserve to act as a buffer should it
be needed.
Trustees. Responsibilities
Charity law requires the Trustees to prepare financial statements for each financial year which
give a true and fair view of the state of affairs of the charity's finances and of the surplus or
deficit of the charity for that year. In preparing those financial statements, the Trustees are
required to=
select suitable accounting policies and then apply them consistently.,
make judgements and estimates that are reasonable and prudent;
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Canary Wharf Contractors Fund
Trustees, report (continued)
for the period ended 31 March 2025
state whether applicable accounting standards have been followed, subject to any
material departures disdosed and explained in the financial statements; and
prepare the finanGial statements on the going concem basis unless it is inappropriate to
presume that the charity will continue in business.
They are also responsible for safeguarding the assets of the charity and hence for taking
reasonable steps for the prevention and detection of fraud and other irregularities.
The Annual Report and Financial Ststements were approved by the Board of Trustees
on ..44T(b￿rg4ttand signed by the trustees:
Alec Vallintine
Trustee
Nicholas Curran
Tnjstee
Page 5 Canary Wharf Contractors Fund

Canary Wharf Contractors Fund
Independent Examinerfs report
to the Trustees of Canary Wharf Contractors Fund
for the period ended 31 March 2025
We report on the financial statements of Canary Vvharf Contractors Fund ('the Fund.) for the
period ended 31 March 2025, which are set out on pages 8 to 9.
This report is made solely to the Fund's trustees, as a body, in accordance with section 144 of
the Charities Act 2011 ("the 2011 Act). Our examination has been undertaken so that we might
state to the Fund's trustees those matters we are required to state to them in an independent
examiner's report and for no other purpose. To the fullest extent permitted by law, we do not
accept or assume responsibility to anyone other than the Fund and the Fund's trustees as a
body for our examination. for this report or for the opinions we have formed.
Respective responsibilities of Trustees and Examiner
The Fund's Trustees are responsible for the preparation of the accounts. The Fund's 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.
It is our responsibility to=
examine the accounts (under section 145 of the 2011 Act);
to follow the procedures laid down in the General Directions given by the Charity
Commission (under section 145 (5)(b) of the 2011 Act); and
to state whether particular matters have come to our attention.
Basis of independent examinevs report
Our 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 Fund 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 examinerfs statement
In connection with our examination, no matter has come to our attention:
which gives us reasonable cause to believe that in any material respect the
requirements"
a) to keep accounting records in accordan￿ with section 130 of the 2011 Act.,
and
b) to prepare accounts which accord with the accounting records and to comply with
the accounting requirements of the 2011 Act have not been met"
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Canary Wharf Contractors Fund
Independent Examinerfs report
to the Trustees of Canary Wharf Contractors Fund
for the period ended 31 March 2025 (continued)
or
2)
to which, in our opinion, attention should be drawn in order to enable a proper
understanding of the accounts to be reached.
Patrick McNamara
For and on and behalf of Simmons Gainsford Professional Services
3840 Chamberlayne Road
London
NW10 3JE
Date:
L&.--fsW - 2a z L
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Canary Wharf Contractors Fund
Statement of financial activities
For the period 1 April 2024 to 31 March 2025
Notes
2025
2024
Incoming resources
Activities for generating funds..
Events
Interest receivable
460.711
3.623
347,005
2,570
Totsl incoming resources
Resources expended
Cost of generating funds..
Events
464,334
349.575
(202.005)
(200,218)
Direct charitable expenditure
Grants
(213,363)
(202,961)
Bank Charges
(65)
{75)
Total resources expended
(415.433)
{403,254)
Net incomingl(outgoing) resources
48,901
(53,679)
All income and expenditure relates to continuing activities, there were no gains or losses other
than those reported above. All funds were unrestricted.
The accompanying notes form an integral part of these financial statements.
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Canary Wharf Contractors Fund
Balan￿ Sheet
At 31 March 2025
Notes
2025
2024
Current assets
Cash at bank and in hand
148,764
9g,863
Current liabilities
Net assets
148,764
99,863
Total funds in reserve
48,764
99.863
The financial statements on pages 8 to 9 were approved by the Board of Trustees on
x.a.7126... and signed by:
Alec Vallintine
Trustee
Nicholas Curran
Trustee
The accompanying notes form an integral part of these financial statements.
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Canary Wharf Contractors Fund
Notes to the financial statements
For the period ended 31 March 2025
Accounting policies
Basis of accounting
These financial statements are prepared under the historical cost convention and in
accordance with applicable accounting standards. The financial statements comply
with the Statement of Recommended Practice 'Accounting & Reporting by Charities"
SORP (FRS 102).
b)
Incoming Resources
Incoming resources are accounted for on a received basis.
Resources expended
Expenditure is included on a cash basis.
Costs of generating funds comprise the cost of running fundraising events.
Grants payable are charged in the year when the offer is conveyed to the recipient
except in those cases where the offer is conditional, such grants being recognised as
expenditure when the conditions attaching are fulfilled.
No management and administration costs were incurred as the trustees and Reporting
Accountants provided their services for free.
d)
Fund accounting
General funds are available for use at the discretion of the Trustees in furtherance of
the general objectives of the charity.
Cash flow statement
No cash flow statement has been produced as, in the opinion of the Trustees, it would
not add to the information given in the accounts.
Taxation
No corporation tax has been provided for in these accounts because the income of the
charity is within the exemption granted by Section 505 of the Income and Corporation
Taxes Act 1988.
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Canary Wharf Contractors Fund
Notes to the financial statements (continued)
For the period ended 31 March 2025
Grants payable
The amount payable in the period comprise".
2025
London Air Ambulance
25,000
25.000
27.100
26,450
5.000
25,000
30,000
10.000
10,000
20.000
5.000
1.200
3.613
St Joseph's Hospice
Spread a Smile
Demelza
Coney
Construction Youth Trust
Lighthouse
Cardboard Citizens
First Step Opportunities
Varietyclub
Roald Dahl's Mervelous Childrens Charity
Cancer Fund for Children
Sundry Small Donations
213,363
Trustees
The trustees did not receive any remuneration and were not reimbursed for any
personal expenses in the period.
Page 11 Canary Iptharf Contractors Fund