ISLAND HOUSE COMMUNITY CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
CHARITY REGISTRATION No: 1110519
Independent Examiners Ltd
2 Broadbridge Business Centre Delling Lane Bosham West Sussex PO18 8NF
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ISLAND HOUSE COMMUNITY CENTRE
CONTENTS
Page 3 Legal and Administrative Information Page 4 - 6 Trustee Report Page 7 Independent Examiners Report to Trustees Page 8 Statement of Financial Activities Pages 9 Balance Sheet Pages 10-16 Notes to Financial Statements
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Island House Community Centre Trustees Annual Report for the period 1[st] January to 31[st] December 2023
| 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 (until March 2023) |
| Jane Dance | |
| Thomas Georgiou (from July 2023) | |
| Robert Lambden | |
| Kristin Papasolomontos (from July 2023) | |
| Tom Pyke (until January 2023) | |
| Joan Rock (from July 2023) | |
| Dinah Rodell | |
| Sarah Sauvat | |
| 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. |
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
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Island House Community Centre Trustees Annual Report for the period 1[st] January to 31[st] December 2023
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
-
We continued to provide an expanding program of services within our 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).
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As a valued Community Hub , we continued to provide a base for our partner tenants (Island Advice Centre 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. We were sorry to say goodbye to Island House Playgroup when they closed in July 2023.
-
An expanding Community Training project saw Cathy recommence tablet training classes as part of the activities for SKILLS and 2 classes of ESOL began in September. We were delighted to receive funding from LB Tower Hamlets to begin a joint project with Island Advice Centre in November: DIGITAL DAY now provides support and 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.
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
-
BILLY’S PANTRY provided 327 parcels to those in need (an average of 27 per month). Demand increased 108% in July-December compared to January-June.
-
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 recorded 1,519 attendances (increased 50% from 2022) at 155 sessions. We provided 38 boxercise sessions to 249 attendees, 37 mindfulness sessions to 216 attendees and 93 yoga sessions to 539 attendees.
-
Our SENIORS project became fully established, effectively addressing 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.
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Island House Community Centre Trustees Annual Report for the period 1[st] January to 31[st] December 2023
We recorded 1,844 attendances at 185 sessions. We provided 34 choir sessions to 160 attendees, 44 craft sessions to 289 attendees, 46 lunch sessions to 783 attendees and 58 exercise sessions to 632 attendees. LB Tower Hamlets funding will enable this to continue into 2027.
- Numbers increased for our SKILLS project in 2023 our Projects Manager provided around 300 hours of one-to-one digital support to 220 clients (a 10% increase on 2022) teaching basic digital skills or supporting them with benefits claims, health appointments, or job applications. 9 clients regularly attended weekly digital skills classes and 24 completed accredited courses in social care. 53 clients were supported in job search and applications, 10 clients were successfully supported into jobs (a 150% increase) and 3 referred to further training. 9 clients attended weekly conversations classes and 32 students completed a range of ESOL listening, speaking, and writing exams (a 68% increase).
Funding
-
Income increased 16% from £147,000 (2022) to £176,272 with grant income increasing 60% from £59,041 (2022) to £94,279. This was a success rate of 25% of total amount requested, slightly up again from 22% the previous year.
-
An additional £25,000 pa for 3½ years was secured from LB Tower Hamlets for 2 projects.
-
We were disappointed to end the year in deficit again. Payment of both new LBTH grants (totalling £8,334) were delayed until January 2024 and we missed out on a number of funding bids at the end of the year which meant that we ended £22,045 underfunded. This deficit was reduced by 30% from £34,290 in 2022 (but would have been reduced by 52% to £17,150 if LBTH had paid on time!). Accordingly, our reserves dropped from £71,393 to £53,236.
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
- Once again, rental income did not increase as expected as we moved further away from lockdown, although we were able to cover the loss of tenancy rent from Playgroup.
Premises
- No significant work was done to the premises, although the Quinquennial Survey is due in March 2024.
SECTION E – FINANCIAL REVIEW
Reserves Policy
- 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
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Island House Communtty Centre Trustee5 Annual Report for the period January to 31# December 2023 Parents and financial uncertainty. We are wothng to increase these agaln as soon as possible. Prfndpal Sources of Fundlng £2,51XJ from Canary Wharf Group for REFRESH £5,000 from Charles Hayward Foundation for 5KILL5 £24,080 from City Bridge trustforSENIORS £3,( from London City Airport Community Fund forSKILLS £9,CKXI from Mayor of London (skills for Londoners) for SKILLS £6,000 from Mount Anvil for REFRESH £5,(KKI from Mount Anvil for SKIUS £10,000 from One Housing Group (Community Chest) for SKILLS £IO,CIXI from The National Lottery Community Fund for SKILLS £5.(JX) from Tower Hamlets (Small Grants) for REFRESH £5,760 from Tower Hamlets (Small Grants) for SKILLS SECTION F- OTHER OPTIONAL It4FORMATION None SEcfioN G -. DECLARATION TRUSTEES RESPONSIBILMES The Charitles Act 2011 require the trustees to ppare financlal statements for each flnanclal year. In preparing those financial statements the trustees are required to- Select sultable accounting pollcles and apply them consistently; Make ludgements and estimates that are reasonable and prudent: Prepare financial statements on the going concern basis unless It is inappropriate to presume that the trust wlll continue in exIsten. The trustees are responsible for keeping proper accounting records. which dlsclose with reasonable accuracy at any time the financial position of the trust. They are also responsible for safeguardin8 the assets of the trust and hence for taklng reasonable step5 for the preventlon and detection of fraud and other irregularities. The trustees decla that they have approved the report above. Si8ned on behalf of the trustees by Slgnature: Full Name". Posltlon: Date: 2S/ 06/JOlJf
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 2023 set out on pages 8 to 16.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required this year under section 144 of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and;
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to state whether particular matters have come to my attention.
Basis of independent examiner's statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination 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 opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
which gives me reasonable cause to believe that in, any material respect, the trustees have not met the requirements to ensure that:
-
proper accounting records are kept (in accordance with section 130 of the Act); and
-
accounts are prepared which agree with the accounting records and comply with the accounting requirements of
-
the Act; or
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to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K Gomes MAAT FCIE Independent Examiners Ltd Unit 2, The Broadfields Business Centre Delling Lane, Bosham W. Sussex PO18 8NF
Signed : Date : 25.6.24
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ISLAND HOUSE COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
| Notes INCOME AND ENDOWMENTS FROM: Donations and Legacies 4a Trading Activities 4b TOTAL INCOME EXPENDITURE ON: Charitable Activities 5 TOTAL EXPENDITURE NET INCOME/ EXPENDITURE Total Funds Brought Forward Unrealised Gains/Losses on Revaluation of Investments 3 Overhead & General Transfers 7 TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 11,104 85,445 96,549 62,025 79,473 250 79,723 85,212 |
|---|---|
| 90,577 85,695 176,272 147,237 |
|
| 150,684 47,693 198,377 181,527 |
|
| 150,684 47,693 198,377 181,527 |
|
| -60,107 38,002 -22,105 -34,290 52,603 18,790 71,393 111,203 3,888 0 3,888 -5,520 35,010 -35,010 0 0 |
|
| 31,394 21,782 53,176 71,393 |
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.
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ISLAND HOUSE COMMUNITY CENTRE
BALANCE SHEET AS AT 31ST DECEMBER 2023
| Notes Fixed Assets Investments 3 Fixtures & Fittings 2 Current Assets Debtors 9 Cash at bank and in hand 6 Total Current Assets Creditors: amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETSless current liabilities NET ASSETS 8 General Funds Designated Funds 7 Restricted Funds 7 Total Funds |
Unrestricted Restricted 31-Dec-23 31-Dec-22 Funds Funds Total Total £ £ £ £ 31,531 11,291 42,822 38,934 830 0 830 1,107 3,532 8,334 11,866 4,330 0 2,157 2,157 28,642 |
|---|---|
| 3,532 10,491 14,023 32,972 |
|
| 4,499 0 4,499 1,620 -967 10,491 9,524 31,352 |
|
| 31,394 21,782 53,176 71,393 |
|
| 31,394 21,782 53,176 71,393 |
|
| 31,394 0 31,394 -5,026 0 0 0 57,629 0 21,782 21,782 18,790 |
|
| 31,394 21,782 53,176 71,393 |
Approved by the Trustees on …………………………………………………………….. and
Signed on their behalf by ……………………………………………………………………, (Trustee)
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
1. ACCOUNTING POLICIES
Incoming Resources
Recognition of Incoming Resources
These are included in the Statement of Financial Activities (SOFA) 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
Incoming Resources with related expenditure
Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.
Grants and Donations
Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.
Grants with performance conditions
Where the charity receives grants with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the charity has provided the specified service or output.
Grants receivable without performance conditions
These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.
Tax reclaims on Donations and Gifts
Incoming resources from tax reclaims are included in the SOFA during the same period as the gift to which they relate.
Contractual Income and Performance Related Grants
This is only included in the SOFA once the related goods or services has been delivered.
Gifts in Kind
Gifts in kind are accounted 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 accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.
Donated Services and Facilities
These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity.
Volunteer Help
The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.
Investment Income
This is included in the accounts when receivable.
Investment gains 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.
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
Expenditure and liabilities
Liability recognition
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees meetings and cost of any legal advice to trustees on governance or constitutional matters.
Support Costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, e.g. allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Changes in Accounting policies and previous accounts
There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts.
Assets
Tangible fixed assets (with the exception of the land and buildings) are capitalised if they can be used for more than one year, and cost at least £500. They are valued at cost or, if gifted, at the value to the charity on receipt.
Depreciation
Depreciation is calculated at a rate to write off the cost at 25% p.a. on a reducing balance over their estimated useful lives, at the end of which period any remaining book value can be written off.
Investments
Investments quoted on a recognised stock exchange are valued at market value at the year end.
Basis of preparation:
The financial statements have been prepared on the historical cost basis of accounting in accordance with the Charities Act 2011 and in accordance with applicable accounting standards. In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2015).
| 2. TANGIBLE FIXED ASSETS Cost 01-Jan-23 Additions Cost at 31-Dec-23 Depreciation 01-Jan-23 Charge Depreciation at 31-Dec-23 Net Book Value 31-Dec-23 Net Book Value 31-Dec-22 |
Fixtures & Equipment Fittings Total £ £ £ 23,443 26,198 49,641 0 0 0 |
|---|---|
| 23,443 26,198 49,641 |
|
| 23,443 25,091 48,534 0 277 277 |
|
| 23,443 25,368 48,811 |
|
| 0 830 830 |
|
| 0 1,107 1,107 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 2023- none (2022 - none)
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
3. FIXED ASSET INVESTMENTS
| 3. FIXED ASSET INVESTMENTS | |
|---|---|
| Market value brought forward Less sale proceeds Unrealised gains in investments Market value carried forward |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 27,643 11,291 38,934 44,454 0 0 0 0 3,888 0 3,888 -5,520 |
| 31,531 11,291 42,822 38,934 |
This investment is held in COIF investment Income Units by Thames North Trust on behalf of Island House.
4. INCOME AND ENDOWMENTS FROM:
| Notes a) Donations and Legacies Grants 7 Trust Income b) Trading Activities Lettings and Rent FIT and Export Tariffs Other income |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 8,834 85,445 94,279 59,041 2,270 0 2,270 2,984 |
|---|---|
| 11,104 85,445 96,549 62,025 |
|
| 76,406 0 76,406 76,801 1,997 0 1,997 2,428 1,070 250 1,320 5,983 |
|
| 79,473 250 79,723 85,212 |
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
| 5. EXPENDITURE ON: Notes Charitable Activities Staff Costs Staff Salaries 11 Premises Cost Utilities Facilities and Maintenance Repairs Hall Hire Refunds Running Costs Insurance Stationery and Postage Telephone and IT Copier Subscriptions and Books Staff Training and Conferences Project Costs Independent Examination Legal and Professional Fees Other Costs Depreciation |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2023 2022 £ £ £ £ 108,140 30,049 138,189 132,369 20,536 0 20,536 6,401 0 0 0 10,944 1,000 0 1,000 3,423 1,310 0 1,310 0 3,278 0 3,278 3,025 355 0 355 182 7,824 0 7,824 6,690 3,042 0 3,042 2,412 2,148 0 2,148 970 487 0 487 302 126 17,644 17,770 11,820 1,680 0 1,680 1,620 360 0 360 1,000 277 0 277 369 |
|---|---|
| 150,684 47,693 198,377 181,527 |
| 6. CASH AT BANK AND IN HAND Current Account |
Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 0 2,157 2,157 28,642 |
|---|---|
| 0 2,157 2,157 28,642 |
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
| 7. FUNDS Restricted Funds ABLE/ SKILL Health & Wellbeing REF Senior Health Unrestricted Funds General Funds Designated Funds Building Fund Totals |
Balance Transfer between Transfer of Balance 01-Jan-23 Income Funds Expenditure Overheads 31-Dec-23 £ £ £ £ £ £ 5,726 47,865 24,879 -16,534 12,178 3,808 2,750 3,496 -1,930 1,132 7,934 11,000 5,157 -5,975 7,802 1,322 24,080 14,161 -10,571 671 |
|---|---|
| 18,790 85,695 0 47,693 -35,010 21,782 |
|
| -5,027 94,465 57,629 150,684 35,010 31,394 57,629 0 -57,629 0 0 0 |
|
| 52,602 94,465 0 150,684 35,010 31,394 |
|
| 71,392 180,160 0 198,377 0 53,176 |
RESTRICTED FUNDS:
Community Parents Project (CPP) - a volunteer training and peer support programme for first time pregnant mums on the Isle of Dogs called "Community Parents".
SKILLS: This is the continuation of ABLE project.
Senior : Offers a portfolio of activities for the over 50s designed to address loneliness and improve mental and physical health.
“Transfer of overheads” - Funders are asked to recognise that a portion of restricted project funds are used to cover costs incurred by Island House itself in delivering the project outputs and to contribute to our central support and core charitable running costs, as detailed in the funding applications. These are shown as “transfers of overheads”.
DESIGNATED FUNDS:
Repairs Fund: - A Designated Fund was set aside to deal with building repairs ,however the trustees decommissioned the designated building fund during the pandemic to use for general funds.
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
8. ANALYSIS OF NET ASSETS BY
FUND
| FUND 8. ANALYSIS OF NET ASSETS BY |
|
|---|---|
| Liabilities (amounts falling due within one year) Fixed Assets and Investments Current Assets |
Unrestricted Restricted Total Total Funds Funds 31-Dec-23 31-Dec-22 £ £ £ £ 32,361 11,291 43,652 39,672 3,532 10,491 14,023 32,972 -1,680 -1,680 -1,620 |
| 34,213 21,782 55,995 71,024 |
9. DEBTORS AND PREPAYMENTS
| Debtors 10. CREDITORS ACCRUALS AND DEFERRED INCOME: AMOUNTS FALLING DUE WITHIN ONE YEAR Creditors: Independent Exam HMRC 11. STAFF COSTS AND NUMBERS Gross Wages and Salaries Employer's National Insurance Costs Employer Pension Contributions Employees who were engaged in the activities: |
Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 3,532 8,334 11,866 4,330 |
|---|---|
| 3,532 8,334 11,866 4,330 |
|
| Unrestricted Restricted Total Total Fund Fund 31-Dec-23 31-Dec-22 £ £ £ £ 1,680 0 1,680 1,620 2,819 0 2,819 0 |
|
| 4,499 0 4,499 1,620 |
|
| 31-Dec-23 31-Dec-22 £ £ 123,854 118,339 11,206 10,932 3,129 3,098 138,189 132,369 31-Dec-23 31-Dec-22 TOTAL TOTAL 5 5 |
No employees received emoluments in excess of £60,000. Staff are paid through the PAYE system.
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2023
12. TRUSTEES AND OTHER RELATED PARTIES
No payments were made to trustees or any persons connected with them during this financial period. No material transaction took place between the organisation and a trustee or any person connected with them. (2022: None)
13. FREEHOLD PROPERTY
The charity occupies the freehold property at Roserton Street, Isle of Dogs, London, E14 3PG, which is held by Thames North Trust of the United Reformed Church as the custodian trustee. Thames North Trust is a company limited by guarantee, registered in England No. 75432, registered charity no. 1022551. The replacement value of the building for insurance purposes was £1,536,230 at 31st December 2017. The property is not included in the accounts as the Island House Community Centre charity is not the registered proprietor, does not have the right of sale and cannot determine what might happen to any proceeds of sale.
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