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2022-12-31-accounts

ISLAND HOUSE COMMUNITY CENTRE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 CHARITY REGISTRATION No: 1110519 Independent Examiners Ltd 2 Broadbridge Business Centre Delling Lane Bosham West Sussex P018 8NF

ISLAND HOUSE COMMUNITY CENTRE CONTENTS Page 3 Legal and Administrative Information Page4-6 Trustee Report Page 7 Independent Examiners Report to Trustees Page 8 Statement of Financial Activities Pages 9 Balan￿ Sheet Pages 10-16 Notes to Flnancial Statements

Island House Community Centre Trustees Annual Report for the period 1[st] January to 31[st] December 2022

SECTION A – REFERENCE & ADMINISTRATION DETAILS
Charity Name Island House Community Centre
Charity Number 1110519
Principal Address Island House Community Centre
Roserton Street,
Isle of Dogs
London
E14 3PG
Managing Trustees Adeboyega Awokaya
Jane Dance
Robert Lambden
Tom Pyke
Dinah Rodell
Sarah Sauvat
Independent Examiner K Gomes
Independent Examiners Ltd
2 Broadbridge Business Centre
Delling Lane
Bosham
West Sussex
PO18 8NF
SECTION B – STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document Declaration of Trust originally dated 30thJune 2005, as
amended on 10thFebruary 2016
Legal Status Unincorporated
Trustee Selection Method Appointed by the existing trustees
Additional Information The Trustees meet at least four times a year are not
remunerated by the Charity for their work.
Legal ownership of the Charity’s land and building is vested in
the URC Thames North Trust who continue as the Custodian
Trustee for the Charity.

Page 1 of 4 (April 2022)

Island House Community Centre Trustees Annual Report for the period 1[st] January to 31[st] December 2022

SECTION C – OBJECTIVES & ACTIVITIES

Charitable Objects

Activities

Public Benefit

Volunteer Contribution

SECTION D – ACHIEVEMENTS & PERFORMANCE

Projects

Page 2 of 4 (April 2022)

Island House Community Centre

Trustees Annual Report for the period 1[st] January to 31[st] December 2022

Funding

Staffing

Rentals

Premises

Page 3 of 4 (April 2022)

Island House Community Centre Trustees Annual Report for the period itt January to 31# December 2022 SEcfioN E- FINANaAI REVIEW Rekrves Pollcv In 2021 the Trustees had reduced the level of additional unrestricted reserves from 6 months core operating expenses to 3 months temporarily due to the situation regarding Community Parents and financial uncertalnty- We are worklng to increase these again as soon a5 posslble. Prlncipal Sources of Funding £12,040 from City Bridge trust for SENIORS £12,CKIO from EQUIP for SKILLS £IO.000 from One Housing Group {Community Chestl forSKILLS £5,000 from Schroderfs Family Trust for SKILLS £5,000 from Tower Hamlets (Small Grants} for REFRESH £2,5QO from Canary Wharf Group for REFRESH £2,500 from Wakefield & Tetley for REFRESH £1O,tx￿ from Tower Hamlets Ilsle of Dog5 Che5tl for SKILLS SEcfioN F- OTHER OPTIONAL INFORMATION None sE￿lON G - DECLARATION The Charities Act 2011 require the trustees to prepare linancial statements for each financial year which glve a true and frdir view of the state of affairs of the trust and of the surplus of the trust for that period. In preparing those financial statements the trustees are required to: Select suitable accounting policies and apply them consistently Make judgements and estimates thatare reasonable and prudent Prepare ftnancial Statements on the going concern basis unless it is inappropriate to presume that the trust will continue in existence. The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for 5afeguardlng the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularfties. The trustees declare that they have approved the report above. Signed on behalf of the trustees by Signature: Full Narne: Position: Date: Page 4 of4 (April 20221

ISLAND HOUSE COMMUNITY CENTRE INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the trustees of Island House Community Centre on the accounts for the year ended 31st December 2022 set out on pages 8 to 16. Re$pertlve re$pon$lbllltle$ of twstee$ and examlner The charity's twstees are responsible for the preparation of the accounts. The trustees conslder that an audit is not required this year under secbon 144 of the Charities Act 2011 {the Act) and that an Independent examination is needed. It is my responsibility to: examlne the accounts under sectlon 145 of the Art,. to follow the procedu￿ laid down in the General Dirertlons given by the Charlty Commisslon under sertion 14515llbl of the Art, antl,. to state whether partlcular matters have come to my attentlon. Basls of Ind¢p¢ndent examlner's statement My examlnatSon was carrSei1 out accordance wlth general Directions 9lven by the Charfty Commlssion. An examlnation Includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual Items or disclosures In the accounts, and seeking explanations from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no oplnion is given as to whether the accounts present a 'tnJe and fairf view an¢J the report Is Ilmited to those matters set out in the statement below. Independ•nt •xamln•r'• •tst•m•nt In connection with my examination, no matter has come to my attention.. which 9ives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that.. propar accounting records ara kept lin aceor¢Janc ￿tt) $8Clion 130 of Iha Acii.. and aecounts arè prapar8d which agrèè %ith thè aceouniiNJ rècords and comply with Iha accoun￿'n9 raquirèmonls of thè Aci.. or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the attournts to be reaehed. K Gomes MAAT FCIE Independent Examiners Ltd Unit 2, The Broadfields Business Cent Oelling Lane, 8osham W. Sussex P018 8NF Movements on all reserves and all recognised gains and losses are shown above. All of the org3nis3tion's operations are classed as continuing. Signed Date 9.8.23 The notes on pages 9 to IS form part of these financial statements.

ISLAND HOUSE COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022 Unrestricted Restricted Funds Funds TOTAL 2022 TOTAL 2021 Notes INCOME AND ENDOWMENTS FROM: Donations and Legacies 4a 2,984 59,041 62,025 81,019 Tradlng Athvltles 4b 85.212 85,212 73,281 TOTAL INCOME 147 237 154 300 EXPENDITURE ON: Charitable ActSvSties 141.796 39,731 181,527 201,793 TOTAL EXPENDITURE 141 796 181 527 201 793 NET INCOMEI EXPENDITURE -53,600 19,310 -34,290 -47,492 Total Funds Brought Forward 77.161 34,042 111,202 154,078 Unrealised GainslLosses on Revaluation of Investments -5.520 -5,520 4,617 Overhead & General Transfers 34,562 -34,562 TOTAL FUNDS CARRIED FORWARD 111 203 Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 10 to 16 form part of these financial statements.

ISLAND HOUSE COMMIJNITY CEKfRE BALANCE SHEET AS AT 31ST DECEMBER 2022 Unre51r￿ Re5trict&l 3141?￿22 31-D¢￿21 FU￿15 Funds Total Total Note5 Flxed Assets Investments Flxture5 & Flttirvjs 38,934 1.107 38,934 L.107 44,454 1,476 r￿Tr￿nt Assets Debtors Cash at bank and in hand 4.330 9,852 4.J30 28,642 3.184 63,588 18.790 Total Currant Ag•ets 972 Cxedltors: mounts falllrvJ due wlthin one y&4r io 1.620 1.620 NEf CURRENT ASSEYS 12,562 18,790 31,352 65,272 TOTAL A5Sm less ￿Ent 51603 18.790 71,393 111,202 NET ASSETS 51603 18.790 71,393 iii,I GewEral Funds Designated FUNJS Restrlthd Fun -5,026 57.629 -5.026 57,629 18,790 19,532 57,629 34,042 18,790 Total Funds 54603 18,790 71,393 111,102 Approved by the Tru5tee5 on .................................................__........... .and 51gned on thelr behalf by ...................... (rrust&)

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022 I. ACCOUNTING POLICIES Incomlng Resources Recognltlon of Incomljjg Resour￿$ These are included in the Statement of Financial Activities ISOFAI when: the charity becomes entitled to the resources,. the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability Incomlng ResOu￿e$ wlth related expendlture Where incoming resourtes have related expenditure las v4ith fundraisln9 or contract income) the Incomlng resource and relared expenditure are reported 9ross in the 50FA. Grants and DonatloJJs Grants ané Donations a￿ only Included In the SOFA when the cha￿ty has unconditional entitlement to the resources. Grants wlth performance condltlons Where the charity receives grants with condltlons for Its payment belng a specific level of servlce or output to be provlded, such 9rants are only recognSsed In the 50FA On￿ the tharSty has provided the speclfied service or output. Grants recelvable wlthout perfonnance condltlons These are only reco9nised in the accounts when a commitment has been maf1e ant1 there are no condltions to be met relating to a grant whlch remain In control ol the charity. Tax reclalms on Donatlons and Glfts Incomin9 resources from tax ￿claimS a￿ Induded in the SOFA during the same perlod as the gift to whlch they relate. Contr•rtual Incom• and Performanc• Related Grants This is only included in the SOFA tsnce the related goods or services has been delivered. Glfts In Klnd Gifts in kind are aetounied for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the attounts as gifts only when sold or distributed by the charily. Gifts in kind for use by the charity are included in the SOFA as ineomirig resources when reteivable. Donated Servlces and Facllltle5 These are only iricluded in incoming resourtes (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable. measurable and material. The value pla￿d on these resources 15 the estimated value to the charilv. Volunteer Ilelp The value of any voluntary help received 15 not included in the accounts but is described in the trustee5' annual report. Investment Income This is Included in the accounts when receivable. Investment galns and losses This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. io

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 Expenditure and Ilabllltle$ ablllty recognltion Liabilities are recognised as soon as there is a legal or construrtive obligation committing the charity to pay out resources. Governan¢e Costs Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetlngs and cost of any legal advice to trustees on govemance or constituty.onal matters. Support Costs Support costs include central functions and have been allocated to actyvity cost catego￿e$ on a basls consistent wlth the use of the resources, e.g. allocating propetty costs by floor areas, or per caplts, staff costs by the time spent and other costs by thelr usage. Change$ In Accountlng polldes ajfrd prevlous accounts There has been no change to the accounting policies (variation rules and methods of accountlngl slnce last year, and no changes to the previous accounts. Assets Tangible fixed assets IwSth the exceptlon of the lant1 and bullt1Ingsl a￿ eapltalSsed Sf they can be used for more than one year, and cost at least E500. They are valued at cost or, if gifted, at the value to the charlty on receipt. Depreclatlon Oepreciation is calculated at a rate to write off the cost at 25% p.a. on a reduclng balance over thelr estlmated useful lives, at the end ol which perlod any remaining book value can be written off. Investments Investments Quoted on a recognlsed st¢xk exchange are valued at market value at the year ernd. Basls of prnparatlon: The financial statements have been p￿Pared on the historical cost basis of accountin9 In accordarnce with the Charities Att 2011 and in accordance with applicable accounting Standards. In preparin9 the financial statements the charity follows best prattiee as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" {SORP 20151. 2. TANGIBLE FIXED ASSETS Fixtures & Fitting5 Equipment Total Cost Additions 01-Jan-22 23.443 26.198 49,641 Cost at 31-Dec-22 Oepreciation Charge 01-Jan-22 23.443 24.722 369 48,165 369 Depreciation at 31-Dec-22 Net Book Value Net Book Value 31-Dec-22 31-Dec-21 1.476 1,476 The annual commitrnents under non-cancelling operating leases and capital commitments 3re as follows.. 2021- none 12020 none)

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 3. FIXED ASSET INVESTMENTS Unrestricted Restricted Funds Funds TOTAL 2022 TOTAL 2021 Market value brought forward 44.454 44,454 89,837 Less sale proceeds -50,000 Un￿aliSed gainslllossesl in investments -5.520 -5,520 4,617 Market value carried forward 38,934 38,934 44,454 This investment is held in COIF investment Income Units by Thames North Trust on behalf of Island House. 4. INCOME AND ENDOWMENTS FROM: Unrestrirted Restricted Funds Funds TOTAL 2022 TOTAL 2021 Notes a) Donatlons and Legacl Grants Trust Income 59.041 59,041 2,984 78,262 2,757 2,984 2,984 59,041 62,025 b) Tradlng Actlvltles Lettings and Rent FIT and Export Tariffs Other income 76,801 2,428 5,983 76,801 2,428 5,983 65,688 1,228 6,365 12

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 5. EXPENDITURE ON: Unrestrirted Restrirted Funds Funds TOTAL 2022 TOTAL 2021 Notes Charltsble A¢tl¥ltle$ Staff Costs staff Salaries Temporary Staff Premlses Cost li 104.459 27,911 132,369 158,128 50 6,401 10,944 3.423 6,401 10,944 3,423 5,232 10,155 755 Faclllties and Malntenan Repalrs Runnlng Costs Insurance stsrionery and Postage Telephone and IT Copler Subscrlptlons and Books Stsff Training and Conferences Project Costs Independent Examlnation Legal and Professional Fees Other Costs Depreeiatlon 3.025 182 6.690 2,412 970 302 3,025 182 6,690 2,412 970 302 11,820 1,620 1,000 2,963 661 8,080 1,770 652 472 10,593 1,500 290 LL,820 1.620 369 369 492 141.796 181 527 201 793 6. CASH AT BANK AND IN HAND Unrestritted RestriC(ed Fund Fund Total Total 31-D•c-22 31-O•c-21 Current Account 8usine55 Account 10.008 -156 18,790 28.798 -156 47,542 16.046 13

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 7. FUNDS Balance 01-Jan-22 Transfer between Transfer of Balance Funds Expenditure Overheads 31-Dec-22 Income Re$trlrted Fund$ ABLE/ SKILL Health & Wellbeing REF 5enlor Health 6,880 20,874 6,288 37,000 24,291 4,177 5,074 6,189 -13,863 -5,389 -5,780 -4,530 5,726 3,808 7,934 1,322 -7,500 2,500 10,000 12,040 Unrertrfcted Funds General Funds Oeslgnated Funds Buildlng Fund 19,531 88,196 141,796 29,562 493 57,629 57,629 77,160 88,196 5,000 141,796 29,562 58,122 Total• 111 202 147 236 181 527 RESTRICTED FUNDS: Communlty Parents ProJ•ct (CPP) a volunteer tralnlng and peer support programme for first tlme pregnant mums on the Isle of Do9s called "Community Pa￿nts". SKILLS: This is the continuation of ABLE project. S•nlor . Offers a portfolio of activities for the over SOS designed to address loneliness and improve mental and physical health. "Traftshr ol ov•rh•ads- Fundets are asked to recognise that a portion of restricted project runds are Used to cover cost5 incurred by Island House itself in delivering the projert outputs and to contribute to our central support anLI core charitable running costs, as detailed in the fundin9 applications. These are shown as "transfer5 of overheads-. DESIGNATED FUNDS: Repalrs Fund: A Designated Fund set aside to deal with ￿paits identified by the quinquennial surveyor's reports, to be added to on an annual basis by an amount identified in the budget , with actual repair costs charyed lo this fund. This enables property repairs to be averaged out over a number of yea￿. 14

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 8. ANALYSIS OF NET AsS￿s BY FUND Unrestrirted Restrirted Funds Funds Total Total 31-Dec-22 31-Dec-21 Fixed Assets and Investments Current Assets Liabilities (amounts falllng due withln one yearl 40,041 14.182 40,041 32,972 45,930 66,772 18,790 -1.620 -1,620 -1,500 52, 71, iii, 9. DEBTORS AND PREPAYMENTS Unrestrfcted Restrlcted Fund Fund Total Total 31-Dec-22 31-Dec-21 Sundry Debtors 4.330 4,330 3,183 10. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING OUE WITHIN ONE YEAR Unrestricted Restricted Fund Fund Total Total 31-De¢-22 31-Dec-21 Creditors.. Independent Exam 1.620 1,620 1,500 1,50 11. STAFF COSTS AND NUMBERS 31-Dét-22 31-D•tr21 Gros5 Wages and Salaries Employer's National Insurance Costs Employer Pension Contributions 118,339 10.932 127.675 7.235 2.671 132 369 137 581 Employees who were engaged in the activities.. 31-Dec-22 31-De￿21 TOTAL TOTAL No employees received emoluments in excess of £60.000. Staff are paid through the PAYE system. 15

ISLAND HOUSE COMMUNITY CENTRE NOTES TO THE FINANCIAL STATEMENTS {continued) FOR THE YEAR ENDED 31ST DECEMBER 2022 11. TRUSTEES AND OTHER RELATED PARTIES No payments were made to trustees or any persons connerted with them during this financial period. No material transartion took place between the organisation and a twstee or any person connected with them. {2021.' None) 13. FREEHOLD PROPERTY The charlty occupies the freehold property at Roserton Street, Isle of Dogs, London, E14 3PG, whlch is held by Thames North Trust of the United Refornied Church as the custodian trustee. Thames North Trust is a company Ilmited by guarantee, registered In Englantl No. 75432, registered charlty no. 1022551. The replacement value of the building for insurance purposes was £1,536,230 at 31st December 2017. The property is not Inclutled in the accounts as the Island House Community Centre charlty Is not the registered proprietor, does not have the rlght of sale antl cannot determlne what mlght happen to any proceeds of sale. 16