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** 

- Promote the benefit of the inhabitants of the Isle of Dogs and the surrounding area by associating together the said inhabitants and the local authorities, voluntary and other organizations in a common effort to advance education and to provide facilities in the interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants, and 

- Advance the Christian religion. 

## **Activities** 

- As we finally moved away from the pandemic, we were able to cement the program of services within new themes of Community Health, Community Hub, and Community Skills. 

- Within **Community Health** we offered a growing selection of activities designed to improve mental and physical wellbeing, including our projects REFRESH (offering a range of mindfulness and exercise classes to improve mental and physical health), SENIORS (providing a selection of classes and activities to address loneliness and improve health of older people), and BILLY’S PANTRY (offering emergency food bags). 

- As a valued **Community Hub** , we continued to provide a base for our partner tenants (Island Advice Centre, Island House Playgroup and Quaystone church), regular community activities (e.g., gymnastics and yoga classes), and other individuals and community groups, as well a home for our portfolio of community projects. 

- An expanding **Community Training** project saw Cathy develop her activities for SKILLS and also provide increasing digital skills training to those who needed to be better equipped for daily tasks that are now online, particularly applying for travel cards, pension credits, council tax reductions and energy rebates. ESOL classes began again, and 8 clients were enrolled. 

## **Public Benefit** 

- Our strategies and activities are developed in direct relationship to our charitable aims and meet the identifiable needs of the general public within our area of benefit. 

## **Volunteer Contribution** 

- Our work has always relied heavily on volunteers, and although we benefitted from a working party from Canary Wharf Contractors who decorated the corridor and offices, we did not secure any regular volunteers. 

## **SECTION D – ACHIEVEMENTS & PERFORMANCE** 

## **Projects** 

- Our **REFRESH** project continued to provide a range of free classes each week, which currently include Mindfulness, 2 levels of Yoga and Boxercise. During the year we provided 224 free classes to 1,015 attendees. These were very well received, with feedback surveys demonstrating that 94% felt more positive about the future, 92% of attendees felt that their physical and mental health had improved, 90% felt more confident emotionally to deal with life, 87% made friends and increased their support network and 82% were sleeping better. 

Page 2 of 4 (April 2022) 



**Island House Community Centre** 

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

- In June we received 2 years funding from City Bridge Trust to start a new **SENIORS** project. This project effectively addresses loneliness and isolation in local older people through a range of social and health activities to improve mental and physical health. Weekly activities currently include walking badminton, a choir, a craft club, a luncheon club, mindful movement sessions and monthly health workshops. In the last 6 months of 2022 we provided 77 sessions to 518 attendees. One attended said “ _I really enjoyed the mindful movements class last week and came back again, they are such good fun and love that it’s older people only, very empowering, and just such a good laugh. I wish there were more sessions in the week! Many thanks for organising these.”_ 

- Numbers increased for our **SKILLS** project and Cathy provided around 300 hours of one-toone digital support to 200 clients teaching basic computer skills or supporting them with benefits claims, health appointments, or job applications, which included 45 referrals from Island Advice Centre. 10 clients regularly attended weekly digital skills classes and 29 completed accredited courses in social care. 50 clients were supported in job search, 25 with job applications, 4 clients were successfully supported into jobs and 5 into volunteer roles. 12 clients attended weekly conversations classes and in October 2022 we enrolled 19 students in 2 ESOL classes working towards a range of ESB listening, speaking, and writing exams. Not only do users gain confidence and experience in using the internet for daily tasks, but they also build supportive relationships for the future, and these changes benefit their families and the wider community. One participant responded " _I have met new friends and taken some online course with lovely Cathy. They recommended me to go to Island Advice Centre and now I am working as volunteer in Island House Community Centre. I really enjoy being there."_ 

## **Funding** 

- A total of £59,000 new funding was sourced, including £10,000 to continue REFRESH, £12,040 to start SENIORS and £37,400 for SKILLS. This was a success rate of 22% of total amount requested, slightly up from 18% the previous year. 

- We were disappointed to miss out on a number of funding bids at the end of the year which meant that we ended £34,562 underfunded. Accordingly, our reserves dropped from £111,202 to £71,393 

## **Staffing** 

- There were no changes to the staff team of: 

   - Paul Rogers (Centre Director) 

   - Amanda Newbury (Office Coordinator) 

   - Cathy Weir (Projects Manager) 

   - Dymphna Dale (Finance Officer) 

   - Annemarie Ibbotson (Cleaner, Caretaker, Projects Worker) 

## **Rentals** 

- Rental income did not increase as expected as we moved away from lockdown. Not only were ad hoc bookings significantly reduced (due to the cost-of-living crisis) but current and new user groups struggled also. 

## **Premises** 

- Having been damaged the previous year, our lift was finally repaired in February and all costs were recovered from the insurers. No other significant work was done to the 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