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← Globe Community Project

2024-04-30-accounts

IMPACT REPORT

Year ended: 30 April 2024

Globe Community Project Company number: 04992627 Charity reg: 1104770

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Contents

01 Message from our Chair 4
02 Our mission 6
03 Our aims 6
04 Statement of public benefit 7
05 Impact summary 8
06 Take Back Your Life 10
07 Touching Safe Ground 12
08 Wellbeing for Over 60s 17
09 How we measure our impact 20
10 Your support, and how we used it 21
11 Thank you 23
12 Financial statements 24
13 Financial review 34
14 Reserves and risk management 35
15 Governance and management 36
16 Report of the Independent Examiner 38

3

01

Message from our Chair

This year, Globe Community Project clarified our mission for the next five years: to transform loneliness into connection among isolated people and under-served groups.

Through our research, interviews and ongoing service delivery, we have learned even more about loneliness and isolation in our communities. We investigated the factors which can build up around and within a person, making connection with others harder and harder. We also identified 8 loneliness hotspots in Tower Hamlets, targeting everything we do towards those areas, to make sure our support is felt where it is needed the most.

While we began the year facing significant funding challenges, staff and trustees pulled together to set overall strategy and target our fundraising. The effort was so successful that income rose by almost 50%, including several multiyear grants. The charity is now larger, stronger and more sustainably funded than ever before. As well as being our twentieth year of operation, this was a year of investment, in which we scaled operations, improved financial, monitoring and evaluation processes, and hired new staff to help us reach more people.

We are delighted to have provided direct, long term transformational support to 149 people, and positioned ourselves to significantly exceed this number next year. We also worked to map services in our local area and to build partnerships with new groups so that we can better reach those with specific needs and experiences.

The Touching Safe Ground project continued to grow, reaching more refugee and migrant women than in previous years, as well as many of their infant and school-aged children. We provided Easter and summer activities at the Canal Club Community Garden, Christmas activities, toys and presents, and trips to Bethnal Green nature reserve. We also

experimented with novel, less formal, and less burdensome ways of learning about the experiences of women seeking safety. The Wellbeing for Over 60s project was paused during the first half of the year. During the latter half it grew significantly, and we expect considerable growth over the next few years.

Our operational activities received a significant boost through continued pro-bono support from global law firm Dentons, which ensured our HR policies and procedures are compliant. We were also delighted to welcome two new trustees with the support of the East London Business Alliance. I continue to thank current and former board members for their generosity of time and support, steering GCP so it is better ready to improve the lives of more people experiencing loneliness and isolation in our local area.

In the office, Ahmed Hussain joined us as Outreach & Engagement Lead, after many years working in the local community, including 12 years with the Bromley By Bow Centre. We continued to receive outstanding volunteer support from regular finance volunteer Tom Elliott, our five fantastic Touching Safe Ground volunteers, and adviser Kate Pumphrey. We have seen immense personal and professional development in our Director, Maniprabha, who provided leadership through the year’s challenges and into a phase of growth for the charity.

Whether you took part in our projects, helped them to happen through your skills, time, grants or donations, or you just want to know more about what’s happening in Tower Hamlets, thank you for your interest in our work.

Lily Wong Le

Chair of the Board of Trustees

4

02

Our mission

To transform loneliness into connection among isolated people and under-served groups in and around Tower Hamlets.

03

Our aims

To promote the benefit of local people, by involving them in a common effort to enhance education, and to provide facilities in the interest of social welfare, recreation and leisure occupations, with the object of improving the quality of life for those in the local area.

To provide access to a wide range of cultural, educational, physical, social and artistic activities that will act as a vehicle and motivator to develop actual and transferable skills for people of all ages from childhood up.

To encourage interaction among people of different ages and social and ethnic groups within the community through the medium of arts and other activities and to e ncourage the growth of the imagination, self-expression, clear communication and health and wellbeing of participants.

Take Back Your Life responds to health inequalities in the borough and high levels of poor physical and mental health among disadvantaged communities.

Touching Safe Ground responds to social isolation, disorientation and low wellbeing experienced by newly-arrived women migrants and asylum seekers.

Wellbeing for Over 60s is designed to enhance support for the high proportion of older residents in our borough who experience social isolation, poor mental health or low wellbeing.

The broad objects of the charity as stated in our governing document are: “To promote the benefit of the inhabitants of Globe Town, Tower Hamlets and surrounding areas, by associating together with inhabitants and sometimes including the local authorities, voluntary and other organisations, in a common effort to enhance education and to provide facilities in the interests of social welfare, recreation and leisure occupation, with the object of improving the conditions of life for the said inhabitants.”

Our projects are designed to respond to some of the most pressing needs in Tower Hamlets, and provide access to social connection alongside specialist, tailored wellbeing education, providing long term support and new skills to manage and enhance their personal and social wellbeing.

6

04

Statement of public benefit

In setting our objectives and planning our activities, our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit.

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7

05

Impact Summary

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149

people received in-depth support of up to 48 support sessions.

Safe space for refugee & migrant women

105 refugee and migrant women and children supported

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----- Start of picture text -----
85% 100% 100%
reported reported increased reported
improved confidence, improved sense
physical and self-esteem and of community
mental health resilience and belonging
----- End of picture text -----

Relief and practical tools to live well with chronic pain and illness

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18

people with chronic pain and illness supported

See pages 10-11 for full results of the 4-year programme

8

Bringing joy, friendship and new skills to lonely older people

26 older people at risk of loneliness and isolation supported

After Level 1 course:

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----- Start of picture text -----
100% 87% 87%
saw improvements improved their experienced high
to the existing resilience quality connection
relationships in with others
their lives
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----- Start of picture text -----
73% 70%
----- End of picture text -----

had better knowledge of spaces, activities and services they need and want

connected with or stayed in touch with people they’d met on the course

After Level 2 course:

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----- Start of picture text -----
100%
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further increased their resilience

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----- Start of picture text -----
100%
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were better able to appreciate the good things in life

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----- Start of picture text -----
100%
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felt more able to turn towards death and dying, and discuss it with others

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----- Start of picture text -----
100%
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had a support network in place and felt able to maintain the gains they’d made

9

06

Take Back Your Life

Overview

Take Back Your Life ran from February 2019 until October 2023, providing pain management courses in the local community. Courses gave participants tools, knowledge and skills to live well with chronic pain and illness. The project included people with lower incomes and different levels of English language and literacy skills, and was offered free. During the final months of the project, which fell during this financial year, no new courses were offered, in order to focus on providing follow-on support to existing graduates to embed their skills.

Who we helped

18 Tower Hamlets residents from diverse backgrounds suffering chronic pain and illness.

What we delivered

24 mixed gender weekly support sessions 21 women-only weekly support sessions

Our impact

Over the full four-and-a-half years of operation, this programme reached 161 unique individuals and achieved significant results.

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----- Start of picture text -----
91% 88% 82% 82%
had more skills or were better able to felt less experienced
reductions
ways to manage manage their health, alone
in pain
their pain or or found their pain
catastrophising
----- End of picture text -----

had more skills or ways to manage their pain or condition

were better able to manage their health, or found their pain or health condition easier to manage

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----- Start of picture text -----
79% 74% 68% 67%
----- End of picture text -----

saw a reduction in pain interference, at levels that were clinically significant

enjoyed their lives more

felt less scared or worried about their pain or condition

were able to do more things, even when in pain or poor health

10

Clinically significant impact

The majority of participants (70%) began their course reporting clinically concerning levels of pain catastrophisation, which is correlated with negative outcomes including depression, unemployment and disability. Of those with clinically concerning scores, 91% experienced a reduction in pain catastrophising, and 49% reduced to the extent their score was no longer clinically concerning.

From helplessness to agency Of the three domains of pain catastrophisation - magnification, rumination and helplessness, the TBYL intervention was most effective in addressing helplessness, then rumination, with magnification showing the least improvement.

Funders

London Borough of Tower Hamlets, Local Community Fund

11

07

Touching Safe Ground

Overview

Touching Safe Ground provides newlyarrived refugee and migrant women who have suffered trauma with wellbeing and English language tools. Our weekly service offers trauma-informed yoga integrated with English language learning, providing a safe space for rest, care, social connection and learning, supported by a creche for mums.

Who we helped

We supported 59 women, 26 school-aged children and 20 infants, all of whom have since been moved on, or soon will be, by the asylum system, due to government policies combined with a chronic shortage of housing. Some experience the repeated threat of deportation. Three quarters of the women were asylum seekers with experience of fleeing war, gender-based violence and/or multiple human rights abuses. About half were single mums, some had been trafficked, and others exploited by traffickers on their way to the UK. Many sustained injuries on the journey.

Countries of origin

Afghanistan, Albania, Azerbaijan, Bangladesh, Brazil, China, Eritrea, Honduras, Hong Kong, Iran, Iraq, Nigeria, Pakistan, Palestine (Gaza), Peru, Russia, Sierra Leone, Sri Lanka, Syria, Uzbekistan, Yemen

UZBEKISTAN ALBANIA AZERBAIJAN AFGHANISTAN PALESTINE (GAZA) HONG KONG BANGLADESH HONDURAS YEMEN ERITREA SIERRA LEONE SRI LANKA

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12

Case Study

Ranim fled the war in Syria, leaving her Damascus home and garden with fruit trees behind. Her teenage son made the hazardous journey here while he was still a minor, and Hackney Law Centre managed to secure her passage through family reunion. She landed in London two years ago, and soon started coming to Touching Safe Ground weekly sessions. One Wednesday last June Ranim arrived with a young woman in her mid twenties who was in distress. “This is my daughter Souzan, I must bring her here”, said Ranim in the English she has learnt through Touching Safe Ground. Souzan had arrived with her young son from a Turkish refugee camp only the week before, following the sudden death of her husband. She was in grief and shock from losing her partner and suddenly becoming a single parent. We are not sure exactly what happened in Turkey. We listen but we never ask. At the end of the session, Souzan asked if she could come back next week. Two months later Souzan brought her four-year-old son Zak* to the first of our summer activities sessions at a local community club. All three generations embraced the nature ’treasure hunt’ exploring the community gardens in full bloom while learning new vocabulary along the way; painting and drawing using leaves, games on the sports court and yoga indoors. Zak loved joining in on his own yoga mat between mum and grandma. All three generations left the session beaming, saying, “We will be back next week.”

*Not their real names

What we delivered

Successes

Impact data continued to show this project is having strong impact and meeting its objectives:

85% of women report improvements in 85% physical and mental wellbeing

100% report improved confidence 100% and self-esteem

100% report improved sense of 100% community and belonging

Took part in East London Business Association’s Christmas Toy Appeal, providing gifts and cards for the children

Partnered with the local Coop on Cambridge Heath Road and Lama’s Pyjamas charity shop to provide nutritious food and almost weekly donations of warm clothes.

Funders

13

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Summer art session on butterfly theme
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“The news from Gaza is bad. People are starving… What helps is stop watching news all the time. Walking. Company, meeting people… coming here.” Nour*, Gaza

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Summer yoga on butterfly theme
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1414
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“Thank you for what you have done today. I don’t know what you have done but Nour wants to come to these sessions every day!”

Text from Ayaan*, husband of Nour

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----- Start of picture text -----
Visit to Bethnal Green Nature Reserve
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“I bad because no paper, no accept Home Office, worry. I was alone because no work, friends or husband. I love the yoga and the English, it helps a lot. I will miss it much.”

(Asmara, Eritrea, was moved to the south coast the next day).

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Collage on butterfly theme
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15 15

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----- Start of picture text -----
On the Canal Club basketball court
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----- Start of picture text -----
Women reflect on what helps
them most
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“When I came I was in pain and very anxious, crying all day, I was depressed. Now I feel more positive, and I plan for the future.”

Maria, Peru

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----- Start of picture text -----
Seeing the natural world in close-up
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16

08

Wellbeing for Over 60s

Overview

This project supports older people at risk of loneliness and isolation with six-week wellbeing courses. Participants explore later life’s benefits and disadvantages, how to manage negative thoughts, and get the chance to socialise, while building skills to develop and maintain connection, including active listening, boosting self-esteem and sharing stories.

Age*:

55-64: 6 65-74: 7 75-84: 11 85 and over: 0 Age not given: 2

Who we helped

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26 older people at risk of loneliness and isolation

22 were ‘new graduates’

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*Collected data on 26 people.

Gender*: Female: 18 Men: 8

What we delivered

Two 6-week courses

One steering group and co-design session

Over 100 participant engagement calls

Transport assistance to access sessions for at least four participants

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Loneliness associative factors Loneliness associative factors
Experiencing life changes 73%
New to London 0%
Low income 62%
Single / live alone 65%
Have experienced prejudice/felt different 31%
Deaf or disabled 35%
Physical or mental health condition 46%
Carer 19%

17

Case Study

Youssef is originally from Egypt, and came to the course for “help with physical and mental states.” He also wanted “to meet new people. Companionship. Getting involved in what is happening for other people.

I think I can benefit from that.” At the beginning of the course, Youssef seemed nervous and was unsure of what to expect, but he began to open up over the six weeks; “I have found my illness and pain challenging, but I am proud that I still have my mind.” He started using the tools he had learned, describing what happened when he went on holiday. “I was on holiday last week in a caravan by the sea. It was the first time. All week it rained and was windy, but I didn’t let it affect me. I put my negative thoughts away in a ‘freezer’ in my mind.” During several weeks he was suffering a lot of pain, and shared how it had meant giving up a Mandarin course and his IT course. “I have had a difficult week, and I am in a lot of pain. But getting here was an act of kindness to myself.” By the end of the course, Heshem described how the biggest journey had been the change in his mental states, and knowing how to work with them. “When I am here, I relax, I forget my stresses and worries. When I came in, I had the negative voices in my ears. Now I don’t. I want to thank everyone for giving me hope.”

Youssef * Not his real name “Vy

‘The cushion game’ - practising communication

Our impact

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88%
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of participants reported better overall wellbeing

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----- Start of picture text -----
88%
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increased their psychological resilience

88% C)

experienced increased high quality connection with others

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75%
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had increased know-how to access spaces, services and activities they need

18

Successes

Funders

Launched a steering group to help guide and steer the programme, and begin planning fun activities for all graduates, at their request

Increased the proportion of males to females on our courses, as they were significantly under-represented

Began building new partnerships to enable us to specifically reach out to carers, Bangladeshi women, people with sight and hearing loss and those with disabilities

“I really enjoyed the course and I made new friends. I loved every minute of it.”

Bridget

Sharing about an object that has meaning in her life

“Before the course my level of confidence was between 0-3 and now it’s 7! It’s very different. I’m now listening more to myself and to others. And I’m understanding much more about myself, what I need when I feel anxious or tired or angry. You think you are always right, but you are not.”

Sue

“I appreciate this course so much - two hours ago my heart was heavy, now it is so light. I used to feel very shy and I never wanted to speak in a group but now I feel good about speaking here. I feel confident about myself.”

Joseph

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----- Start of picture text -----
Discussing the ups and downs of ageing
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19

09

How we measure impact

To measure our impact we use a combination of methods:

We don’t calculate data on what academic course providers call ‘retention,’ as this would be a poor measure of impact or outcomes when working with participants facing multiple barriers to attending sessions. For example, at times a newlyarrived woman seeking asylum may need to care for a child or sick relative, attend health and immigration appointments, or feel too disoriented and overwhelmed to leave her accommodation. But despite missing a session or two, she continues to attend. Isolated older participants often have sensory impairments, disabilities, and health appointments which can hamper attendance. Likewise, those suffering chronic pain and illness often have health appointments as well as physical and mental health issues which act as further barriers.

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20

10

Your support, and how we used it

How you gave

2024 Total £124,850

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Trusts & foundations £54,138

Government & public institutions £63,348

Donations £2,349

Rental and other income £3,150

Investments £544

Gift Aid £1,321

2023 Total £85,621

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Trusts & foundations £33,320

Government & public institutions £38,047

Donations £10,186

Rental and other income £2,923

Gift Aid

£1,145

21

How we used the money

2024 Total £68,330

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Staff costs: £27,674 Project delivery: £24,734 Monitoring & evaluation: £3,190 Administration & finance: £1,019 Governance: £1,033 Office rent & costs: £6,253 Fundraising: £4,427

2023 Total £97,276

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Staff costs: £20,533 Project delivery: £49,228 Direct project costs: £8,269 Monitoring & evaluation: £1,440 Administration & finance: £2,830 Governance: £896

Research & development: £1,560 Office rent & costs: £8,172 Fundraising: £4,348

22

11

Thank you

For being part of the local community and uniting to create positive change for the people who need it most.

To each of our individual supporters. Your donations not only provide the material support to keep our work going, but they show we are not alone in our vision, and that the desire to see more and more connection, creativity and cohesion inspires you too.

To Anna Chabrelie, Esther Langdon and Zanita Rubens of Dentons law firm, for your expert guidance in ensuring that various aspects of our operations are compliant.

To the trusts, foundations and institutions which have generously supported us this year:

To St Margaret’s House for being so much more than the building which houses our office. We greatly appreciate all the opportunities for networking, support and friendship.

To our designer Alex Keating for helping us communicate the impact of our work - and making it look beautiful.

23

12

Financial statements

Globe Community Project

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 April 2024

Note
Income from:
2
3
4
4
5
Reconciliation of funds:
13a
Note
Income from:
2
3
4
4
5
Reconciliation of funds:
13b
Donations
Charitable activities
Grants
Raising funds
Total funds brought forward
Total income
Expenditure on:
Net expenditure for the year
Total funds carried forward
Prior year
Other trading activities
Total income
Expenditure on:
Raising funds
Total expenditure
Charitable activities
Investments
Current year
Donations
Charitable activities
Other trading activities
Grants
Charitable activities
Total funds brought forward
Total expenditure
Net income/( expenditure) for the year
Total funds carried forward		 Unrestricted
general fund
Restricted
funds
£
£
3,670
-
-
117,486
3,150
-
544
-		 2024 Total
£
3,670
117,486
3,150
544
7,364
117,486		 124,850
459
3,968
-
63,903		 4,427
63,903
459
67,871		 68,330
6,905
49,615
3,715
7,494		 56,520
11,209
10,620
57,109		 67,729
Unrestricted
general fund
Restricted
funds
£
£
11,331
-
8,501
62,866
2,923
-		 2023 Total
£
11,331
71,367
2,923
22,755
62,866		 85,621
4,348
-
29,145
63,783		 4,348
92,928
33,493
63,783		 97,276
(10,738)
(917)
14,453
8,411		 (11,655)
22,864
3,715
7,494		 11,209

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 13 to the financial statements.

24

Globe Community Project

Balance sheet

Company no. 04992627

As at 30 April 2024

As at 30 April 2024 Company no. 04992627 Company no. 04992627
2024 2023
Note £ £ £ £
Current assets:
Debtors 10 840 2,337
Cash at bank and in hand 96,796 12,575
97,636 14,912
Liabilities:
Creditors: amounts falling due within one year 11 (29,907) (3,703)
Total net assets 67,729 11,209
The funds of the charity: 13a
Restricted income funds 57,109 7,494
Unrestricted income funds:
General funds 10,620 3,715
Total unrestricted funds 10,620 3,715
Total charity funds 67,729 11,209

The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge the following responsibilities:

(ii) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

Approved by the trustees on 18 September 2024 and signed on their behalf by ov

Lily Wong Le Chair

25

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

Globe Community Project is a charitable company limited by guarantee and is incorporated in England.

The registered office address and principal place of business is St Margaret's House, 21 Old Ford Road, London, E2 9PL.

b) Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

The trustees are satisfied that there are no material uncertainties about the charity's ability to continue as a going concern for the next 12 months.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

26

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

h) Expenditure and irrecoverable VAT

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

i) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

j) Cash at bank and in hand Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account

k) Creditors and provisions

l) Pensions

The charity offers a defined contribution scheme to its employees. The costs of contributions are recognised in the year they are payable.

27

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

2024
Restricted
Total
£
31,066
7,500
6,697
14,024
7,747
26,602
3,000
14,975
The Mrs Smith and Mount Trust
4,000
Wakefield and Tetley Trust
1,875
-
Emergence Foundation
-
-
-
The Archer Trust
-
-
117,486
3
All income from other trading actvities is unrestricted.
National Lottery Community Fund
The Merchant Taylors' Foundation
Charity of Sir Richard Whittington
City Bridge Foundation
London Borough of Tower Hamlets (LBTH) Local
Community Fund
London Borough of Tower Hamlets (LBTH) -
Emergency Fund
LifeLine Community Projects (FaithAction)
London Catalyst
Foyle Foundation
Sport England
Hilden Charitable Fund
London Borough of Tower Hamlets (LBTH) - Mayor's
Community Grant Programme
Total income from charitable
activities
Income from other trading activities
Rent received
Other income		 2024
Restricted
Total
£
31,066
7,500
6,697
14,024
7,747
26,602
3,000
14,975
4,000
1,875
-
-
-
-
-
-		 Unrestricted
£
-
-
-
-
-
-
-
-
-
1
-
-
-
-
3,500
5,000		 £
-
-
-
28,047
-
-
-
-
-
3,125
7,894
12,000
1,800
10,000
-
-
Restricted		 2023
Total
£
-
-
-
28,047
-
-
-
-
-
3,126
7,894
12,000
1,800
10,000
3,500
5,000
117,486 8,501 62,866 71,367
2024
Total
£
3,150
-		 2023
Total
£
2,837
86
3,150 2,923

28

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

4a Analysis of expenditure (current year)

Staff costs (Note 6)
Project delivery
Direct project costs
Monitoring and evaluation
Administration and finance
Research and development
Office rent and costs
Raising funds
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Raising
funds
£
3,075
-
-
-
-
-
-
1,352		 Charitable
activities
£
21,524
24,734
-
3,190
-
-
20
-		 Governance
costs
£
-
-
-
-
1,033
-
-
-		 Support
costs
£
6,150
-
-
-
1,019
-
6,233
-		 2024
Total
£
30,749
24,734
-
3,190
2,052
-
6,253
1,352		 2023
Total
£
24,503
49,228
8,269
1,440
3,726
1,560
8,172
378
4,427
-
-		 49,468
13,402
1,033		 1,033
-
(1,033)		 13,402
(13,402)
-		 68,330
-
-		 97,276
-
-
4,427 63,903 - - 68,330 97,276
4,348 92,928 - -

4b Analysis of expenditure (prior year)

Staff costs (Note 6)
Project delivery
Direct project costs
Monitoring and evaluation
Administration and finance
Research and development
Office rent and costs
Raising funds
Support costs
Governance costs
Total expenditure 2023		 Raising
funds
£
3,970
-
-
-
-
-
-
378		 Charitable
activities
£
12,661
49,228
8,269
1,440
-
-
669
-		 Governance
costs
£
-
-
-
-
896
-
-
-		 Support
costs
£
7,872
-
-
-
2,830
1,560
7,503
-		 2023 Total
£
24,503
49,228
8,269
1,440
3,726
1,560
8,172
378
4,348
-
-		 72,267
19,765
896		 896
-
(896)		 19,765
(19,765)
-		 97,276
-
-
4,348 92,928 - - 97,276

29

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Operating lease rentals payable:
Property 3,246 3,107
Independent Examiner's Fee
Independent Examination (including VAT) 780 780

6 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Staff costs were as follows:
Employment allowance
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 2024
£
29,886
2,451
(2,451)
863		 2023
£
23,821
2,006
(2,006)
682
30,749 24,503

No employee earned more than £60,000 during the year (2023: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £27,656 (2023: £24,503).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2023: £nil). No charity trustee received payment for professional or other services supplied to the charity (2023: £nil).

No trustee received any expenses during this year (2023: £nil)

7 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 0.8 (2023: 0.6).

8 Related party transactions

There are no related party transactions to disclose for this financial year.

There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties.

30

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

9 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

10 Debtors

10
Debtors
11
Prepayments
Accrued income
Creditors: amounts falling due within one year
Accruals
Deferred income
Trade creditors		 2024
£
840
-		 2023
£
-
2,337
840 2,337
2024
£
-
1,907
28,000		 2023
£
1,048
780
1,875
29,907 3,703

Deferred income comprises comprises grants received in advance. £28,000 was deferred in the current year (2023: £1,875).

12a Analysis of net assets between funds (current year)

12a
Analysis of net assets between funds (current year)
12b
Net assets at 30 April 2023
Net assets at 30 April 2024
Analysis of net assets between funds (prior year)
Net current assets
Net current assets		 General
unrestricted
£
10,620		 Restricted
£
57,109		 Total
funds
£
67,729
10,620 57,109 67,729
General
unrestricted
£
3,715		 Restricted
£
7,494		 Total
funds
£
11,209
3,715 7,494 11,209

31

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

13a Movements in funds (current year)

e year ended 30 April 2024
Movements in funds (current year)
Wellbeing for over 60's
Take Back Your Life
Touching Safe Ground
Wakefield and Tetley Trust
Foyle Foundation
Total restricted funds
General funds
Unrestricted funds:
Restricted funds:
London Borough of Tower Hamlets (LBTH) -
Emergency Fund
Total funds
Total unrestricted funds		 At 1 May
2023
£
-
1,474
6,020
-
-
-		 Income &
gains
£
57,668
14,024
28,672
1,875
7,747
7,500		 Expenditure
& losses
£
(21,748)
(15,498)
(16,275)
(1,875)
(7,747)
(4,728)		 At 30 April
2024
£
35,920
-
18,417
-
-
2,772
7,494 117,486 (67,871) 57,109
3,715 7,364 (459) 10,620
3,715 7,364 (459) 10,620
11,209 124,850 (68,330) 67,729

The narrative to explain the purpose of each fund is given at the foot of the note below.

13b Movements in funds (prior year)

Movements in funds (prior year)
Wellbeing for over 60's
Take Back Your Life
Touching Safe Ground
Wakefield and Tetley Trust
Total restricted funds
Core Support Fund
General funds
Total unrestricted funds
Total funds
Unrestricted funds:
Designated funds:
Restricted funds:		 At 1 May
2022
£
4,711
(7,520)
11,220
-		 Income &
gains
£
7,894
29,847
22,000
3,125		 Expenditure
& losses
£
(12,605)
(20,853)
(27,200)
(3,125)		 At 1 May
2023
£
-
1,474
6,020
-
8,411 62,866 (63,783) 7,494
7,603
6,850		 -
22,755		 (7,603)
(25,890)		 -
3,715
14,453 22,755 (33,493) 3,715
22,864 85,621 (97,276) 11,209

32

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2024

Purposes of restricted funds

Fund name

Wellbeing for over 60's Wellbeing courses for older people at risk of loneliness and isolation.

Take Back Your Life

Mindfulness-based support to address chronic pain, illness and related social isolation and inactivity.

Touching Safe Ground

A blended programme of trauma-informed yoga, ESOL and local orientation for refugee and migrant women.

Wakefield and Tetley Trust

Contribution to salaries for programme management costs.

London Borough of Tower Hamlets Funding to support the Director's salary and office rent for three (LBTH) - Emergency Fund months. Foyle Foundation Towards core costs.

14 Operating lease commitments payable as a lessee

The charity's total future minimum lease payments under non-cancellable operating leases is as follows for each of the following periods

Property:
Less than one year		 2024
£
1,378		 2023
£
1,313
1,378 1,313

15 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £5.

33

13

Financial review

The gross income for the year was £124,850, comprising £117,486 Restricted funds and £7,364 Unrestricted funds. Overall income increased by 46% compared with the previous year.

Unrestricted income comprised regular donations, rental and other income, return on investments and Gift Aid. While Unrestricted income appeared to fall sharply this year, significant portions of restricted grants from City Bridge Foundation and Mayor’s Community Fund were budgeted to cover areas of core spending which directly support the relevant projects. Likewise, a Foyle Foundation grant for running costs was designated by the funder as restricted. This year the charity successfully focused on trust fundraising for the new project cycle, meaning we held no fundraising events. We continued to improve income diversity, with 7 active project grants and 3 core grants this year (2022: 5, 3). We also developed a strategy to secure corporate funding, to be executed in the coming year.

Restricted income rose again this year, reflecting grants from the City Bridge Foundation and Mayor’s Community Grant Programme towards our Wellbeing for Over 60s project, and grants from Sport England, Hilden Charitable Fund and London Catalyst towards the Touching Safe Ground project. We further received funding towards our running costs from Foyle Foundation, and the local government’s Emergency Fund, which enabled us to carry out vital fundraising and strategic planning as grants closed for our previous project cycle.

Spending of both Restricted and Unrestricted funds decreased this year. This was because our previous project cycle of 3.5 years had drawn to a close and funding continuity issues meant pausing some services until new grants began. While activity levels were lower during the first six months of the year, during the second half of the year the arrival of new and larger grants meant activity increased significantly as we began to scale our capacity. We expect spending to increase over the coming year.

We ended the year with total funds of £67,729, comprising £57,109 Restricted funds and £10,620 Unrestricted reserves. The net surplus of £56,520 should be seen in the context of our beginning a new project cycle. Our previous project cycle began in 2020, with a net surplus in that year, followed by deficits in the subsequent three years. As we begin this new project cycle we again have a net surplus, reflecting a slight lag between the arrival of new and increased funds, and the corresponding scale-up of operations.

While at the time of signing these accounts, the charity has been impacted by the global Covid-19 virus, the global economic impacts of the Russia-Ukraine war and the UK Cost of Living crisis, the trustees have reassessed the charity’s ability to continue for at least 12 months from the date the accounts are approved, and conclude that no material uncertainties exist that cast significant doubt on the charity’s ability to continue as a going concern.

Total expenditure was £68,330, including £67,871 Restricted funds, and £459 Unrestricted funds.

34

14

Reserves and risk management

The charity’s free reserves, excluding fixed assets (£0) at the year end were £10,620 , a significant increase on the £3,715 reserves with which we closed the prior year. While this increase is encouraging, reserves remain below the trustees’ target of 3-6 months’ operating costs. Trustees have a detailed plan to reach target levels by the year ended 2028 and are confident that this is comfortably achievable.

GCP has a Reserves policy and a Risk Management policy which includes the expectation that the Management Committee will review the year’s financial risks at least once a year. The board of trustees aims to ensure that reserves remain at a reasonable proportion of overall turnover, and are able to cover any financial risks that have been identified. Reserves can be accessed, in line with the Reserves policy, in any circumstances in which the expected unrestricted funds fall short of being able to meet essential costs for the year.

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15

Governance and management

Constitution

Globe Community Project is a company limited by guarantee and was formed on 11 December 2003. It is governed by a memorandum and articles of association as amended by special resolution dated 17 June 2004, 3 July 2015, 18 September 2019 and 12 January 2021. The liability of the members in the event of the company being wound up is limited to a sum not exceeding £5.

Charity number: 1104770 Company number: 04992627

Lily Wong Le Parmjit Kaur Singh (resigned December 2023)

Ripon Shamsul Ray Robert Tame Roisin Kavanagh, Treasurer, (appointed December 2023)

Registered Office

St Margaret’s House, 21 Old Ford Road, London, E2 9PL

Directors and trustees

The directors of the charitable company (“the charity”) are its trustees for the purpose of charity law and throughout this report are collectively referred to as the trustees. The management committee is responsible for the day-to-day running of the Globe Community Project (GCP), and meets every three months. The trustees are all members of the management committee. There may also be members of this committee who are not trustees, who have time and/or particular skills to offer and are interested in supporting the work of the charity. These members may be co-opted onto the committee during the year and then stand for re-appointment at the AGM.

Trustees

Anna-Paulina Norbury Arslan Hussain Bethan Charnley (appointed December 2023) Francis Addai, Treasurer (resigned September 2023) Julian Haxby, Company Secretary Kate Hayler (resigned October 2023)

Phone

07419 586150

Bankers

The Co-operative Bank PO Box 250 Delf House Southway Skelmersdale WN8 6WT

Independent Examiner

Wendy Smith ACCA SBC House Restmor Way Wallington SM6 7AH

Investment powers

Under its Memorandum and Articles of Association, the charity has the power to make any investments, which the trustees see fit.

36

Trustees’ responsibilities in relation to the financial statements

The trustees (who are also the directors for the purposes of company law) are responsible for preparing the Trustees report and the financial statements in accordance with the applicable law and UK Accounting Standards.

Company law requires the trustees to prepare financial accounts for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for the year. In preparing these financial statements, the trustees are required to:

the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (Charities SORP (FRS102)), and in accordance with the special provisions of the Companies Act 2006 relating to small companies.

Independent Examination

In line with Charity Commission requirements, an independent examination of our accounts has been commissioned. The report of the Independent Examiner is on page 38. GCP is exempt from audit as our gross income falls below £1,000,000.

Signed on behalf of the board of trustees

The trustees are responsible for maintaining proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding

Lily Le Wong Chair Globe Community Project

18th September, 2024

37

16

Report of the Independent Examiner

I report to the trustees on my examination of the accounts of Globe Community Project for the year ended 30 April 2024.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charitable company you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Association of Certified Chartered Accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Wendy Smith FCCA Independent Examiner

38

l// /ii l// 39

Globe Community Project Company number: 04992627 Charity reg: 1104770