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← Globe Community Project

2025-04-30-accounts

IMPACT REPORT

Year ended: 30 April 2025

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
Touching Safe Ground
10
07
Wellbeing for Over 60s
16
08
How we measure our impact
20
09
Your support, and how we used it
21
10
Thank you
23
11
Financial statements
24
12
Financial review
34
13
Reserves and risk management
35
14
Governance and management
36
15
Report of the Independent Examiner
38

3

01 Message from our Chair

This year, Globe Community Project (GCP) entered its second year of transforming loneliness into connection among isolated people and under-served groups, in and around Tower Hamlets. Our devoted trustees, committed staff, passionate volunteers and supportive funders have grown our income by 66%, expanded our staff team, and reached almost twice as many people as last year through focussing on our mission.

We are delighted to have provided direct, long term transformational support to 287 people, which equates to a 92% increase on last year. Having identified eight loneliness hotspots across Tower Hamlets, we targeted everything we do towards those areas, making sure our support is felt where it is needed the most.

We welcomed Mohammed Kenawi as our Projects & Operations Officer, as part of a wider investment into our operations, financial management, monitoring and evaluation processes. We also welcomed Lucy Rix as our Touching Safe Ground Outreach Lead, enabling us to reach more refugee women and their children. Lucy has galvanised a team of over 12 volunteers to support us across our projects and core operations.

The Touching Safe Ground project reached more refugee and migrant women than ever before, as well as many of their infant and school-aged children. We thank the generous support of London Community Foundation for contributing to the pilot of a second weekly session of gentle bodywork and English at a local asylum hostel, as well as a homework club for refugee children. On top of this, we partnered with the Community Sauna Baths in Hackney providing free post-yoga sauna sessions for the women. Alongside these new initiatives, we continued to provide Easter and summer holiday activities at the Canal Club Community Garden, Christmas activities, toys and presents, and trips to local galleries, museums and nature sites.

A growing facilitator pool allowed us to expand the Wellbeing for Over 60s project this year. We were sad to say goodbye to Vijayacitta. We welcomed Dhinita and Supaksini to work alongside facilitator Vimoksini. Their work with qualified interpreter Sabekul Naher helped us to better reach older Bangladeshi people.

We significantly increased our ability to reach older men and have carried out research to further support this. We also created many new partnerships with community groups, health centres and housing associations, enabling us to reach areas and groups at particular risk of isolation. These included Tower Hamlets Carers Centre, Ocean Regeneration Trust, XX Place Health Centre, the Bow Geezer’s Club, Sonali Gardens, Toynbee Hall and Poplar Harca. We thank volunteer Timothy Mweemba, who generously offered his time to support operations and events, conduct research and contribute valuable ideas and suggestions.

Listening to and learning from the people we serve was a top priority this year. We ran new co-design activities and forums for our ‘experts by experience,’ which have been the foundation for growth in our programmes. The people that we serve have suggested new areas and activities, refined promotional materials and pushed us to work harder to reach the most isolated in our communities.

We thank volunteer Tom Elliott, who assisted our financial management and was shortlisted for Volunteer of the Year at the Voluntary and Community Sector Awards. We also thank global law firm Dentons for continuing to provide expert pro-bono support. The Tower Hamlets Minority Ethnic Trustees onto Boards programme helped us to welcome two new trustees, Funmi Ayorinde and Kiki Michaelidou. I thank current and former board members for their generosity of time, skills and expertise in steering GCP to enhance the charity’s capability in improving the lives of more people experiencing loneliness and isolation in our local area.

Thank you to everyone who took part in our projects, shared skills, time, grants or donations, or showed interest in our work.

Together, we transform loneliness into connection across Tower Hamlets.

Lily Wong Le

Chair of the Board of Trustees

Lily Wong Le

4

5

02 Our mission

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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 encourage the growth of the imagination, self-expression, clear communication and health and wellbeing of participants.

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.”

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.

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

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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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287

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

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Safe space for refugee & migrant women

164 refugee and migrant women and children supported

89%

reported improved sense of community and belonging

86%

reported increased confidence, self-esteem and resilience

79% reported improved mental health and wellbeing

8

Bringing joy, friendship and new skills to lonely older people

123 older people at risk of loneliness and isolation supported

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----- Start of picture text -----
After Level 1 course:
85% 100% 100%
had better saw improvements improved their
wellbeing overall to the existing resilience
relationships in
their lives
80% 70%
had better connected with
knowledge of or stayed in touch
spaces, activities with people they’d
and services they met on the course
need and want
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After Level 2 course:

100% 100% 100% 100% further increased were better able felt more able to had a support their resilience to appreciate the turn towards the network in place good things in life topics of death and and felt able to dying, and discuss maintain the gains them with others they’d made

9

06 Touching Safe Ground

Overview

Touching Safe Ground provides newly-arrived refugee and migrant women who have suffered trauma with wellbeing and English language tools. Our twice weekly service offers traumainformed yoga integrated with English language learning, providing a safe space for rest, care, social connection and learning, supported by a creche for mums. We also provide a homework club for refugee children.

Who we helped

We supported 112 women, 14 children at homework club, and 38 babies, infants and children. 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. The women and children we supported came from 30 different countries.

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ALBANIA
GEORGIA AZERBAIJAN
AFGHANISTAN
PALESTINE (GAZA)
HONG KONG
BANGLADESH
ERITREA
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Countries of origin

Afghanistan, Albania, Algeria, Angola, Azerbaijan, Bangladesh, Brazil, China, Eritrea, Ethiopia, Gaza, Palestine, Georgia, Ghana, Honduras, Hong Kong, Iran, Iraq, Mexico, Namibia, Nicaragua, Nigeria, Pakistan, Peru, Russia, Saudi Arabia, Sierra Leone, Somalia, Syria, Turkey, Ukraine

HONDURAS

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SIERRA LEONE
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10

What we delivered

Nina, with a drawing of her home before it was bombed

Case study: Nina

Nina is a 79-year-old Ukrainian grandmother. She escaped to London in April 2022 after a 3-week wait at the Moldovian border. Her house was destroyed in a Russian missile attack.

I think of Ukraine all the time, I am not sleeping, my mind goes round and round. I get up most nights and do housework. I take sleeping pills after a night with only two hours sleep. It’s not good.

I miss Odessa, I miss my home, so much of my country has been damaged. Bomb, bomb, bomb. I miss the people my age, my friends, my neighbours. My house is bombed. It’s only eight minutes from the Black Sea, nine months of sunshine, two hours from London by plane. But it’s a different world, very dangerous now. Bombing.

At least I have my daughter and granddaughter with me in London, but the young people are so busy working. I come to yoga every week - it helps me mentally and physically. I feel more positive and I meet people, this is very important. I love the community sauna when we go together after yoga - it helps my back pain. I was walking with a stick two years ago, now I can walk OK. The yoga on Wednesdays helped a lot; it’s very important to keep moving.

I speak more English now because we practice in the group, and I met my very good friend Amina* from Uzbekistan there. We are in touch every day, with phone and messages. We meet and go to the supermarket together.

It’s through the yoga and English on Wednesdays that I found the local church group for Ukranians. Someone took me there and introduced me. We cook and eat Ukranian food together and talk my language.

11

Case study: Khadija*

Khadijya was born in Bangladesh, became a teacher and married a Rohingya man. Her husband is from a stateless, mainly Muslim group with a long history of discrimination and persecution by the Burmese military, culminating in genocide with more than a million Rohingya fleeing in the past decade. They have a five-year-old daughter and a threeand-a-half-year-old son, both born in London.

When I arrived here I was in shock. It was the worst time in my life. It was Covid time and my son was born and we were stuck in one room. We were moved 5 times before we were placed near the doctor’s surgery where the Touching Safe Ground group meets. I was very depressed and forgetting everything all the time. Even now my husband has to meet me at the station because I may not remember where I live.

Where I’ve been moved now - Ilford - I know no one; it is really hard to speak to strangers just like that. We were moved here by the Home Office. We’re new to England and to English and not everyone wants us here. We can’t just go up to people and make friends. I live on a road with other Bangladeshi people too but we don’t meet, talk, we don’t have a way to come together.

Without my bigger ‘family’ here at the Wednesday group I don’t know what I’d do. I can meet lots of people, it opens up another world. We share lots of feelings, it’s very good to talk together, we feel the space is safe and we feel the trust that has been built up.

Otherwise I stay at home and feel bored, alone with my problems and depressed.

When I come to yoga I see different women and I see everyone has problems, some more serious than mine. So I am not alone. I have high blood

pressure now because of all the stress, and diabetes too, and being here helps. I start to feel better. We come to yoga and we feel relaxed and free. The time goes very quickly, we see familiar faces and there’s the WhatsApp group so we can message between sessions, and if we want, 1:1. It’s good to stay connected. I see the changes. More belonging, more community, more wellbeing for all of us.

Yoga works slowly. It’s not like antibiotics which work fast. Yoga changes our wellbeing for the long term. If you keep coming, things improve more. Real change comes gradually. It builds.

On the trips we learn so much, you can learn loads of things for mind and brain, it compliments the yoga for the body. Most of us don’t know these places or things. We get good energy for all day and the next day too. For example at Kew we learnt what a greenhouse is - I never knew, we don’t have them where I come from, we don’t need them. It’s the first time I see this new thing. And we saw beautiful things, I was so happy.

*** Names changed to protect identities**

Successes

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

89% report improved sense of 89% community and belonging 86% report improved 86% confidence and self-esteem 80% report improvements 80% in physical health O

79% report improvements in mental health and wellbeing

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79%
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Launched a second weekly session at a local asylum hostel, reaching more women, many with significant barriers to participation, than previously

Launched our homework club for refugee children needing extra support

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

Partnered with Stratford Community Sauna, part of the Community Sauna Baths group

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

12

Case study: Aziz*

Aziz is five years old, and he comes from Afghanistan. He has been coming to homework club since it started in March 2025.

Aziz comes to homework club every week and displays huge enthusiasm. He has autism, and although he wasn’t yet able to use his own words to describe why he enjoys the club, his mother says she knows he loves coming because, every day after school, he asks if it is homework club, and always wants to run down to the classroom. Aziz is an incredible artist and loves drawing and painting, as well as cutting shapes out of paper. The club has given much-needed positive feedback for both Aziz and his

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Aziz and his artwork
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mother, building his confidence. Volunteer Saada, who has worked with him for several weeks, says “he’s starting to understand basic maths and has already completed a maths workbook.” Aziz also gets stuck into other activities, especially making slime, clay and painting. His mum says, “He loves homework club and he really enjoyed the party last week. It is some time where we are very happy because I can do yoga and talk to friends [whilst Aziz is at homework club]. Otherwise we are all so busy in our stressful lives waiting for our visa. Every day Aziz asks me when is homework club. Even if he is not feeling very well he does not want to miss homework club!”

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Saada helps Aziz with his workbook
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*** Names changed to protect identities**

Funders

13

Stretching out tension

“Before I came, I was feeling lonely. Now I feel supported, and more confident.” Amina, Uzbekistan

Birds fly free at homework club

Our first trip to Stratford Community Sauna

1414

“It has really helped me feel that I belong somewhere away from home. My mental health has improved and I love everything that the team is doing and the support.”

Tamaylah, Namibia

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Visiting the Young V&A
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* > bo eat ix bs, 7 “a = ¥e
=
Visiting the Bethnal Green nature reserve “2 cal SeSo,im HeSome \ ae©ae oisA
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1:1 time at homework club
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A helping hand to finish the masterpiece
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“I am waiting to come here, is my new happy experience. I can feel your kindness in everything.”

Luiza, Brazil

15

15

07 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 selfesteem and sharing stories.

Who we helped

123

older people at risk of loneliness and isolation[1 ]

Loneliness associative factors Loneliness associative factors
Low income 78%
Experiencing life changes 49%
Physical or mental health condition 42%
Single / live alone 40%
Have experienced prejudice/
felt different to others		 27%
Deaf or disabled 27%
Carer 15%
New to London 1%

Participants faced a combination of factors linked to loneliness including low income, disability, sensory impairment, mobility issues, chronic illness, mild mental illness, bereavement, widowhood, and living alone.

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What we delivered

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Age*: 45-54: 6 55-64: 46 65-74: 42 75-84: 22 85 and over: 7 Total: 123

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Sex*: Female: 77 Male: 46 Total: 123

1While we reached a total of 154 older people, and we believe people can benefit from even one session, the 123 counted here are those who either attended a day event, or came to 2 or more sessions of the Wellbeing for Over 60s course.

16

Where we worked

Map of Tower Hamlets:

Bow East GCP

Bethnal Green Bow West North GCP GCP Mile End Weavers & Globe Bethnal Green Town South Bromley-by-Bow Mile End Spitalfields East & Banglatown GCP St Dunstan’s Whitechapel & Stepney Green East India & Lansbury | re 6s6 GCP Limehouse Shadwell GCP e 7k x)t, St Katherine’s i & Wapping aweMe GCP 771Me GCP

Each logo represents one of our 8 priority areas, a loneliness hotspot.

Blackwell Millwall & Cubitt Town

Case study: Yasmeen

I feel more confident about myself. When people asked me something I would always say ‘yes’, but now I can more easily say ‘no’ when people asked me something and I don’t want to do it. The other day I said ‘no’ to my close friend. I always go to her place and she asked me when I was going to come again, but this time I said ‘no’ I don’t want to come to your place, you can come to mine. And she did. It felt good. I really enjoyed the course. I liked listening to everyone and to hear what everyone shared about themselves. I learned how to share more about myself. It felt good to share more about myself. I came to this course every week although my body felt very achy. I’m now able to do more things even when I feel low and depressed.

17

Case study: Ricky

I have been off work with stress because of a work incident. This course has

helped me not to see myself so much as a victim, I can help myself. It has also helped ease my pain about it. It has helped me focus on being able to do things differently and has also been calming when I have felt stressed. I don’t always remember things from the week before but I think it goes in a bit, and I’m different. I like being in a group - I take away a bit of what everyone says. I’m thinking more about moving out of the comfort zone and taking risks. New things are always scary for me but I am trying now. I have been going to a new community centre and meeting new people at a lunchtime club. I sat with a woman and we really talked, we had things in common and I felt that I could talk to her, this is new.

“The best thing about this course was being able to feel relaxed with people I have never met before.”

Our impact[2]

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----- Start of picture text -----
85% 85%
of participants increased their
reported better psychological
overall wellbeing resilience
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81%
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----- Start of picture text -----
81%
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experienced had increased increased high know-how to access quality connection spaces, services and with others activities they need

“Since Level 2, I have been going out more.”

Clonel

Ami

Case study: Rokeya

I am 63 years old, and I wanted to do this course to learn to keep my mind fresh and healthy. I’ve learned a lot, and I understand more about myself. I learned a lot about how to be more confident and kind to myself. I also feel that I share more about myself with my children and the women here. I feel very happy that I came to this course. I knew most women here but I didn’t know everyone well. Now I feel that I got to know some of the women here better and I have talked with more women outside this course. My mind feels fresh and more relaxed.

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Tea break chats
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2Sample size, 120 people. We succeeded in capturing pre-course data for 147 participants, and both pre- and post-course data for 120 participants.

18

Successes

Funders

Held our first ever co-designed activity; a bus tour planned and organised by the steering group, attended by 25 people. Booking out within 24 hours, it showed that co-design really does work!

Held our first ever men’s course, in partnership with the Bow Geezer’s Club.

Completed further, volunteer-led research on the wellbeing of older men, how they interact with our programme, and how we can better reach them.

Held our first ever interpreter-supported course for older Bangladeshi women.

“I like coming to the course because I feel lonely at home. I like us learning from each other, with different ideas. Thinking positive, not negative, good for mental health”

Primla

Prima shares her wedding photo

“It’s taught me to listen rather than of thinking of what to say next.”

Alan

“Since Level 1, I have joined a coffee morning, an exercise group and a walking group.”

Shefah

The Bow Geezers at our first ever course for older men

19

08 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 newly-arrived 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. Or, somebody may attend every week for 12 weeks, then be moved to a different area. Isolated older participants often have sensory impairments, disabilities, and health appointments which can hamper attendance.

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20

09 Your support, and how we used it

How you gave

2025 Total £206,387

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Trusts & foundations £128,774

Government & public institutions £59,903

Donations £13,572

Rental and other income £263

Investments £2,761

Gift Aid £1,114

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

21

How we used the money

2025 Total £176,077

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Staff costs: £63,642

Project delivery: £81,217 Monitoring & evaluation: £0 Administration & finance: £1,209 Governance: £1,663 Office rent & costs: £20,368 Fundraising: £7,978

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

22

10 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, Zanita Rubens and Sam Kemp of Dentons law firm, for your expert guidance in ensuring that various aspects of our operations are compliant.

To the trusts, foundations, institutions and companies 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

11 Financial statements

Globe Community Project

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

For the year ended 30 April 2025

Note
Income from:
2
3
4
5
5
6
Reconciliation of funds:
14a
Note
Income from:
3
4
5
5
6
Reconciliation of funds:
14b
Raising funds
Total funds brought forward
Net income/(expenditure) for the year
Total funds carried forward
Prior year
Other trading activities
Donations
Charitable activities
Grants
Total income
Expenditure on:
Investments
Total expenditure
Charitable activities
Fundraising event
Raising funds
Total income
Expenditure on:
Investments
Current year
Donations
Charitable activities
Other trading activities
Grants
Total funds carried forward
Charitable activities
Total expenditure
Net income for the year
Total funds brought forward		 Unrestricted
Restricted
£
£
5,867
2,979
41,000
147,677
-
5,840
263
-
2,761
-		 2025
Total
£
8,846
188,677
5,840
263
2,761
49,891
156,496		 206,387
-
7,978
19,352
148,747		 7,978
168,099
19,352
156,725		 176,077
30,539
(229)
10,620
57,109		 30,310
67,729
41,159
56,880		 98,039
Unrestricted
Restricted
£
£
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

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 14 to the financial statements.

24

Lily Wong Le

25

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

1 Accounting policies

a) Statutory information

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.

c) Public benefit entity

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 2025

1 Accounting policies (continued)

f) Interest receivable

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

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

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

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

l) Pensions

27

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

2
Donations - individuals
Donations - corporate
Gift aid
3
Barchester's Charitable Foundation
GSK Community Health Programme Award
Henry Smith Charity
London Churches Refugee Fund
Postcode Society Trust
The Albert Hunt Trust
The Farthing Trust
The Hilden Charitable Fund
Wakefield and Tetley Trust
Mrs Smith and Mount Trust
All income in the prior year was unrestricted.
City Bridge Foundation
The London Community Foundation
London Borough of Tower Hamlets (LBTH) -
Emergency Fund
London Catalyst
The Foyle Foundation
Grants received
Income from donations and legacies
Sport England Grant
London Borough of Tower Hamlets (LBTH) - Mayor's
Community Grants Programme		 2025
Restricted
£
-
2,239
740		 2025
Unrestricted
£
2,493
3,000
374		 2025
£
2,493
5,239
1,114		 2024
£
2,349
-
1,321
2,979 5,867 8,846 3,670
2025
Restricted
£
1,000
40,715
-
32,900
39,903
500
-
-
-
6,697
20,000
5,962
-
-
-
-
-		 2025
Unrestricted
£
-
-
10,000
-
-
-
25,000
3,000
3,000
-
-
-
-
-
-
-
-		 2025
Total
£
1,000
40,715
10,000
32,900
39,903
500
25,000
3,000
3,000
6,697
20,000
5,962
-
-
-
-
-		 2024
Total
£
-
31,066
-
-
26,602
-
-
-
-
6,697
14,024
1,875
7,747
3,000
4,000
14,975
7,500
147,677 41,000 188,677 117,486
4
Income from other trading activities
Rent received		 2025
Total
£
263		 2024
Total
£
3,150
263 3,150

All income from other trading actvities is unrestricted.

28

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

5a Analysis of expenditure (current year)

Staff costs (Note 7)
Project delivery
Monitoring and evaluation
Administration and finance
Office rent and costs
Raising funds
Support costs
Governance costs
Total expenditure 2025
Total expenditure 2024		 Raising
funds
£
3,688
-
-
-
-
4,290		 Charitable
activities
£
57,915
81,218
-
-
5,885
-		 Governance
costs
£
-
-
-
1,663
-
-		 Support
costs
£
5,727
-
-
1,209
14,482
-		 2025
Total
£
67,330
81,218
-
2,872
20,367
4,290		 2024
Total
£
30,749
24,734
3,190
2,052
6,253
1,352
7,978
-
-		 145,018
21,418
1,663		 1,663
-
(1,663)		 21,418
(21,418)
-		 176,077
-
-		 68,330
-
-
7,978 168,099 - - 176,077 68,330
4,427 63,903 - -

5b Analysis of expenditure (prior year)

Staff costs (Note 7)
Project delivery
Monitoring and evaluation
Administration and finance
Office rent and costs
Raising funds
Support costs
Governance costs
Total expenditure 2024		 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
4,427
-
-		 49,468
13,402
1,033		 1,033
-
(1,033)		 13,402
(13,402)
-		 68,330
-
-
4,427 63,903 - - 68,330

29

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

6 Net income/(expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2025 2024
£ £
Operating lease rentals payable:
Property 3,404 3,246
Independent Examiner's Fee
Independent Examination (excluding VAT) 650 650

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

Staff costs were as follows:

Employment allowance
Salaries and wages
Social security costs
Employer’s contribution to defined contribution pension schemes		 2025
£
63,223
5,665
(5,665)
4,107		 2024
£
29,886
2,451
(2,451)
863
67,330 30,749

No employee earned more than £60,000 during the year (2024: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £34,921 (2024: £27,656).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2024: £nil). No charity trustee received payment for professional or other services supplied to the charity (2024: £nil).

No trustee received any expenses during this year (2024: £nil)

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 1.4 (2024: 0.8).

9 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 2025

10 Taxation

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

11 Debtors

12
Prepayments
Accrued income
Creditors: amounts falling due within one year
Accruals
Deferred income		 2025
£
-
10,716		 2024
£
840
-
10,716 840
2025
£
5,059
-		 2024
£
1,907
28,000
5,059 29,907

Deferred income comprises comprises grants received in advance. £nil was deferred in the current year (2024: £28,000).

13a Analysis of net assets between funds (current year)

13b
Net assets at 30 April 2024
Net assets at 30 April 2025
Analysis of net assets between funds (prior year)
Net current assets
Net current assets		 Unrestricted
£
41,159		 Restricted
£
56,880		 Total
funds
£
98,039
41,159 56,880 98,039
Unrestricted
£
10,620		 Restricted
£
57,109		 Total
funds
£
67,729
10,620 57,109 67,729

31

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

14a Movements in funds (current year)

e year ended 30 April 2025
Movements in funds (current year)
At 1 May Income & Expenditure At 30 April
2024 gains & losses 2025
£ £ £ £
Restricted funds:
Barchester's Charitable Foundation - 1,000 (1,000) -
City Bridge Foundation 21,647 40,715 (46,637) 15,725
Feasts for Friendship - 6,580 - 6,580
Henry Smith Charity - 32,900 (32,877) 23
London Borough of Tower Hamlets (LBTH) -
Mayor's Community Grants Programme 14,273 39,903 (48,514) 5,662
London Churches Refugee Fund - 500 (500) -
Mrs Smith and Mount Trust 4,000 - (4,000) -
SD Estates - 2,239 (656) 1,583
Sport England Grant 10,386 - (10,386) -
The Foyle Foundation 2,772 - (2,772) -
The Hilden Charitable Fund 4,031 6,697 (5,204) 5,524
The London Community Foundation - 20,000 (4,179) 15,821
Wakefield Tetley Trust - 5,962 - 5,962
Total restricted funds 57,109 156,496 (156,725) 56,880
Unrestricted funds:
Designated Funds
Postcode Society Trust - 25,000 (13,233) 11,767
The Albert Hunt Trust - 3,000 - 3,000
Total designated funds - 28,000 (13,233) 14,767
General funds 10,620 21,891 (6,119) 26,392
Total unrestricted funds 10,620 49,891 (19,352) 41,159
Total funds 67,729 206,387 (176,077) 98,039

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

32

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

14b Movements in funds (prior year)

City Bridge Foundation
The Foyle Foundation
The Hilden Charitable Fund
Sport England Grant
Mrs Smith and Mount Trust
Wakefield Tetley Trust
Total restricted funds
General funds
London Borough of Tower Hamlets (LBTH)
Local Community Fund
London Borough of Tower Hamlets (LBTH) -
Mayor's Community Grants Programme
Total unrestricted funds
Total funds
Unrestricted funds:
Restricted funds:
London Borough of Tower Hamlets (LBTH) -
Emergency Fund		 At 1 May
2023
£
-
-
-
-
1,474
-
-
6,020
-		 Income &
gains
£
31,066
7,500
6,697
7,747
14,024
26,602
14,975
7,000
1,875		 Expenditure
& losses
£
(9,419)
(4,728)
(2,666)
(7,747)
(15,498)
(12,329)
(4,589)
(9,020)
(1,875)		 At 30 April
2024
£
21,647
2,772
4,031
-
-
14,273
10,386
4,000
-
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

33

Globe Community Project

Notes to the financial statements

For the year ended 30 April 2025

Purposes of restricted funds

Fund name

The Foyle Foundation Contribution to core costs. Henry Smith Charity Contribution towards three years' running costs. Sport England Grant Support for recently-arrived, female refugees who are not physically active. Wakefield Tetley Trust Contribution to salaries for project management costs. Wellbeing for Over 60's Wellbeing courses for older people at risk of loneliness and isolation.

Funded by:

Barchester's Charitable Foundation City Bridge Foundation

London Borough of Tower Hamlets (LBTH) - Mayor's Community Grants Programme

Touching Safe Ground

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

Funded by:

Feasts for Friendship The Hilden Charitable Fund London Churches Refugee Fund SD Estates The London Community Foundation Mrs Smith and Mount Trust

Purposes of designated funds

Postcode Society Trust Contribution to Touching Safe Ground project.

The Albert Hunt Trust Contribution to core costs, designated to support costs associated with the Touching Safe Ground project.

15 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		 2025
£
1,378		 2024
£
1,378
1,378 1,378

16 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.

34

12 Financial review

The gross income for the year was £206,387, comprising £156,496 Restricted funds and £49,891 Unrestricted funds. Overall income increased by 66% compared with the previous year.

Unrestricted income rose sharply compared with the previous year, in line with our fundraising strategy. Unrestricted income comprised unrestricted grants from GSK Community Health Programme Award, Postcode Society Trust and The Albert Hunt Trust, regular donations, corporate donations from Rook Irwin Sweeney and SD Estates, return on investments and Gift Aid. The charity continued to improve income diversity, with 10 active project grants, 5 core grants and 2 corporate donations this year (YE2024: 7, 3, 0).

We ended the year with total funds of £98,039, comprising £56,880 Restricted funds, £41,159 Unrestricted funds, and a surplus of £30,310.

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.

Restricted income also rose, again in line with our strategy and reflecting a good return for investing in our fundraising activities. Restricted income comprised ongoing grants from the City Bridge Foundation, LBTH Mayors Community Grants, Sport England, The Hilden Charitable Fund, The London Community Foundation and The Foyle Foundation, as well as new grants from Barchester’s Charitable Foundation, Henry Smith Charity, London Churches Refugee Fund, Mrs Smith and Mount Trust, Postcode Society Trust and Wakefield Tetley Trust, as well as the funds from the Feasts for Friendship campaign, which raised £6,580 to support the Touching Safe Ground project.

Total expenditure was £176,077, including £156,725 Restricted funds, and £19,352 Unrestricted funds.

Spending of both Restricted and Unrestricted funds increased this year, as predicted, as our projects scaled up and our core function expanded to support them. We predict modest further growth throughout the next financial year.

35

13

Reserves and risk management

The charity’s free reserves, excluding fixed assets (£0) and designated funds (£14,767) at the year end were £26,392 , a significant increase on the £10,620 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.

==> picture [58 x 73] intentionally omitted <==

==> picture [98 x 96] intentionally omitted <==

36

14 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

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

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.

37

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:

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.

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 XX. GCP is exempt from audit as our gross income falls below £1,000,000.

Signed on behalf of the board of trustees

Lily Wong Le

Lily Wong Le Chair Globe Community Project

16 September, 2025

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

38

15

Report of the Independent Examiner

To the members of Globe Community Project,

I report on the financial statements of Globe Community Project (the charity) for the year ended 30 April 2025, which are set out on pages ** to **

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

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 H Smith

Wendy H Smith 16 September 2025

Fellow of the Association of Chartered Certified Accountants Tall Horse Consultancy Services Limited SBC House Restmor Way Wallington SM6 7AH

39

Globe Community Project Company number: 04992627 Charity reg: 1104770