ISLAND HOUSE COMMUNITY CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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 - 7 Trustee Report Page 8 Independent Examiners Report to Trustees Page 9 Statement of Financial Activities Pages 10 Balance Sheet Pages 11-17 Notes to Financial Statements
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| SECTION A – REFERENCE & ADMINISTRATION DETAILS | 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 | |
| Jane Dance (until May 2024) | |
| Thomas Georgiou | |
| Robert Lambden | |
| Kristin Papasolomontos | |
| Joan Rock | |
| Dinah Rodell | |
| Sarah Sauvat (until September 2024) |
SECTION B – STRUCTURE, GOVERNANCE & MANAGEMENT Governing Document Declaration of Trust originally dated 30[th] June 2005, as amended on 10[th] February 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 interest of social welfare for recreation and leisure-time occupation with the object of improving the conditions of life for the said inhabitants, and
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- 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 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 wellbeing of older people), and BILLY’S PANTRY (offering emergency food bags to those in need).
-
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 Quaystone Christian Church when they moved to new premises in December 2024.
-
An expanding Community Training theme includes our SKILLS project, delivering an integrated program of language, employability, and digital skills training to disadvantaged people, often non-English speaking BME women. Effectively improving their prospects of employment or quality of living, we also provide support and training for daily tasks that are now online, such as travel cards, pension credits, council tax reductions and energy rebates through DIGITAL DAY, in partnership with Island Advice Centre. Addressing this digital poverty is especially needed during the ongoing cost-of-living crisis.
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 Barclays who decorated the corridor and offices, we did not secure any regular volunteers.
SECTION D – ACHIEVEMENTS & PERFORMANCE
Billy’s Pantry
-
206 parcels were provided (average of 17 per month) to those in need
-
Demand decreased 37% from 2023 (despite increased outreach)
Digital Day
-
465 clients were seen at 44 weekly sessions
-
Average weekly attendance increased 25% from 8 (January) to 10 (December), peaking at 18 (October) which is a 400% increase from December 2023.
-
70% of clients (Oct-Dec) reported increased confidence and reduced digital exclusion
Refresh
-
2,559 attendances (+68% from 2023) at free weekly Boxercise, Pilates & Yoga classes
-
Average weekly attendance of 64 people (+64% from 2023)
-
187 sessions (+21% from 2023)
4
Seniors
-
1,320 attendances (+22% from 2023) at free choir, craft & exercise sessions
-
Average weekly attendance of 31 people (+30% from 2023)
Skills
-
33 students were enrolled onto Level 1 and Level 2 ESOL classes (with 8 on the waiting list)
-
57 new clients were supported (not counting Digital Day)
-
12 clients regularly attended weekly digital skills classes (+33%)
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25 clients completed online training in health and social care or first aid
-
60 clients were assisted with CV writing, job searches and applications (+13%)
-
7 clients were supported into jobs and 4 referred to further training
-
12 clients attended weekly conversations classes (+33%)
-
2 volunteers provided over 300 hours of support
Financials
-
Income increased 53% from £176,000 (2023) to £260,086
-
Grant income increased 81% from £94,000 (2023) to £170,000
-
Rental income increased 56% from £25,000 (2023) to £39,000
-
The year ended with a surplus of £9,561 for the first time since 2016!
Social Media
-
Facebook - reach increased 47% to 28,200, with visits (+100%) and interactions (+140%)
-
Instagram - reach, visits and interactions all increased 100%
Staffing
-
Our staff team changed slightly:
-
Paul Rogers (Centre Director)
-
Amanda Newbury (Facilities & Operations Manager)
-
Cathy Weir (Projects Manager)
-
Dymphna Dale (Finance Officer)
-
Azka Mia (Digital Skills Assistant) – from October 2024
Rentals
- Rental income increased 56% from £25,000 (2023) to £39,000, which was a testament to Amanda’s publicity and marketing, considering the reduced tenancy income.
Premises
-
The Quinquennial Survey was done in May 2024, and works were agreed for 2025.
-
The first-floor toilets were refurbished, the lights throughout the building were upgraded to LED bulbs, all paid for by specific grants.
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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 Parents and financial uncertainty. We are working to increase these again as soon as possible.
Principal Sources of Funding
| Grants Awarded for 2024 | General | Digital | Pantry | Refresh | Seniors | Skills | |
|---|---|---|---|---|---|---|---|
| 09-Jan 19-Jan |
City Bridge Trust MCGP (Digital Day) |
6,250 | 1,720 | ||||
| 12-Feb 13-Feb 22-Feb |
Hill Dickinson Foundation MCGP (Seniors) Housing Association Consortium |
2,500 | 6,250 | 5,000 | |||
| 21-Mar 28-Mar |
Tackling Pensioner Poverty City Bridge Trust |
1,720 | 10,000 | ||||
| 08-Apr 12-Apr 19-Apr |
Albert Hunt B&Q Foundation (Neighbourly) MCGP (Digital Day & Seniors) |
2,000 10,000 |
6,250 | 6,250 | |||
| 02-May 03-May |
Landsec Futures Community Grant (CAF) Poplar HARCA - Just Say Hello |
2,000 | 1,020 | ||||
| 21-Jun 30-Jun |
The National Lottery (Awards for All) City Bridge Trust |
1,720 | 20,000 | ||||
| 02-Jul 17-Jul 23-Jul 26-Jul |
Skipton Charitable Foundation Anton Jurgens Charitable Trust MCGP (Digital Day & Seniors) Riverside OHG Community Chest |
1,500 | 6,250 | 6,250 | 10,000 10,080 |
||
| 21-Aug 23-Aug |
Isle of Dogs Grant Chest Mount Anvil (year 2 of 3) |
8,500 6,000 |
5,000 | ||||
| 01-Oct 18-Oct |
City Bridge Trust MCGP (Digital Day & Seniors) |
6,250 | 1,720 6,250 |
||||
| 06-Nov 25-Nov 28-Nov |
Bernard Sunley The Clothworkers' Foundation Charkes S. French Charitable Trust |
3,000 14,000 2,000 |
|||||
| 169,480 | 34,500 | 25,000 | 2,500 | 14,500 | 31,880 | 61,100 |
SECTION F – OTHER OPTIONAL INFORMATION
- None
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SECTION G - DECLARATION
TRUSTEES RESPONSIBILITIES
The Charities Act 2011 require the trustees to prepare financial statements for each financial year. In preparing those financial statements the trustees are required to:
-
Select suitable accounting policies and apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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Prepare financial 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 safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees declare that they have approved the report above. Signed on behalf of the trustees by
Signature:
Full Name: Morlai Kargbo, FCCA
Position: Treasurer
Date : 31/05/2025
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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 2024 set out on pages 9 to 17.
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:
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proper accounting records are kept (in accordance with section 130 of the Act); and
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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, Signed : The Broadfields Business Centre Date : 23.6.25 Delling Lane, Bosham W. Sussex PO18 8NF
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ISLAND HOUSE COMMUNITY CENTRE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024
| 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 2024 2023 £ £ £ £ 37,279 134,980 172,259 96,549 88,547 0 88,547 79,723 |
|---|---|
| 125,826 134,980 260,806 176,272 |
|
| 185,434 65,811 251,245 198,377 |
|
| 185,434 65,811 251,245 198,377 |
|
| -59,608 69,169 9,561 -22,105 31,394 21,782 53,176 71,393 1,468 0 1,468 3,888 43,264 -43,264 0 0 |
|
| 16,518 47,687 64,205 53,176 |
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 11 to 17 form part of these financial statements.
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ISLAND HOUSE COMMUNITY CENTRE
BALANCE SHEET AS AT 31ST DECEMBER 2024
| Unrestricted | Restricted | **31-Dec-24 ** | 31-Dec-23 | |||
|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Total | Total | ||
| £ | £ | £ | £ | |||
| Fixed Assets | ||||||
| Investments | 3 | 10,999 | 11,291 | 22,290 | 42,822 | |
| Fixtures & Fittings | 2 | 622 | 0 | 622 | 830 | |
| Current Assets | ||||||
| Debtors | 9 | 2,460 | 0 | 2,460 | 11,866 | |
| Cash at bank and in hand | Cash at bank and in hand | 6 | 7,200 | 36,396 | 43,596 | 2,157 |
| Total Current Assets | 9,660 | 36,396 | 46,056 | 14,023 | ||
| Creditors: | amounts falling due | |||||
| within one year | 10 | 4,763 | 0 | 4,763 | 4,499 | |
| NET CURRENT ASSETS | 4,897 | 36,396 | 41,293 | 9,524 | ||
| TOTAL ASSETSless current | ||||||
| liabilities | 16,518 | 47,687 | 64,205 | 53,176 | ||
| NET ASSETS | 8 | 16,518 | 47,687 | 64,205 | 53,176 | |
| General Funds | 16,518 | 0 | 16,518 | 31,394 | ||
| Designated Funds | 7 | 0 | 0 | 0 | 0 | |
| Restricted Funds | 7 | 0 | 47,687 | 47,687 | 21,782 | |
| Total Funds | 16,518 | 47,687 | 64,205 | 53,176 |
31/05/2025 Approved by the Trustees on …………………………………………………………….. and Signed on their behalf by ……………………………………………………………………, (Trustee) tt Morlai Kargbo, FCCA
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024
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 2024
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-24 Additions Cost at 31-Dec-24 Depreciation 01-Jan-24 Charge Depreciation at 31-Dec-24 Net Book Value 31-Dec-24 Net Book Value 31-Dec-23 |
Fixtures & Equipment Fittings Total £ £ £ 23,443 26,198 49,641 0 0 0 |
|---|---|
| 23,443 26,198 49,641 |
|
| 23,443 25,368 48,811 0 208 208 |
|
| 23,443 25,575 49,018 |
|
| 0 622 622 |
|
| 0 830 830 |
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 2024- none (2023 - none)
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
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 2024 2023 £ £ £ £ 31,531 11,291 42,822 38,934 -22,000 0 -22,000 0 1,468 0 1,468 3,888 |
| 10,999 11,291 22,290 42,822 |
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 2024 2023 £ £ £ £ 34,500 134,980 169,480 94,279 2,779 0 2,779 2,270 |
|---|---|
| 37,279 134,980 172,259 96,549 |
|
| 84,420 0 84,420 76,406 1,780 0 1,780 1,997 2,347 0 2,347 1,320 |
|
| 88,547 0 88,547 79,723 |
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
| 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 Equipment Hire Project Costs Independent Examination Legal and Professional Fees Other Costs Depreciation 6. CASH AT BANK AND IN HAND Current Account |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2024 2023 £ £ £ £ 109,081 39,894 148,975 138,189 11,804 0 11,804 20,536 16,116 0 16,116 0 26,055 0 26,055 1,000 1,300 0 1,300 1,310 3,826 0 3,826 3,278 329 0 329 355 8,556 0 8,556 7,824 3,035 0 3,035 3,042 2,898 0 2,898 2,148 276 0 276 487 240 0 240 120 0 25,917 25,917 17,770 1,710 0 1,710 1,680 0 0 0 360 208 0 208 277 |
|---|---|
| 185,434 65,811 251,245 198,377 |
|
| Unrestricted Restricted Total Total Fund Fund 31-Dec-24 31-Dec-23 £ £ £ £ 7,200 36,396 43,596 2,157 |
|
| 7,200 36,396 43,596 2,157 |
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ISLAND HOUSE COMMUNITY CENTRE
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST DECEMBER 2024
| 7. FUNDS Restricted Funds SKILL Health & Wellbeing REF Senior Health Digital Day Billys Pantry Unrestricted Funds General Funds Designated Funds Building Fund Totals |
Balance Transfer between Transfer of Balance 01-Jan-24 Income Funds Expenditure Overheads 31-Dec-24 £ £ £ £ £ £ 12,177 61,100 0 26,153 -12,204 34,920 1,132 0 0 0 -1,132 0 7,803 14,500 0 7,245 -6,545 8,513 670 31,880 0 13,955 -16,357 2,238 0 25,000 0 17,442 -7,558 0 0 2,500 0 1,015 532 2,017 |
|---|---|
| 21,782 134,980 0 65,811 -43,264 47,687 |
|
| 31,394 127,294 0 185,434 43,264 16,518 0 0 0 0 0 0 |
|
| 31,394 127,294 0 185,434 43,264 16,518 |
|
| 53,176 262,274 0 251,245 0 64,205 |
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 2024
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-24 31-Dec-23 £ £ £ £ 11,621 11,291 22,912 41,883 9,660 36,396 46,056 14,023 -4,763 0 -4,763 -1,680 |
| 16,518 47,687 64,205 54,226 |
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-24 31-Dec-23 £ £ £ £ 2,460 0 2,460 11,866 |
|---|---|
| 2,460 0 2,460 11,866 |
|
| Unrestricted Restricted Total Total Fund Fund 31-Dec-24 31-Dec-23 £ £ £ £ 1,710 0 1,710 1,680 3,053 0 3,053 2,819 |
|
| 4,763 0 4,763 4,499 |
|
| 31-Dec-24 31-Dec-23 £ £ 128,630 123,854 11,661 11,206 8,684 3,129 148,975 138,189 31-Dec-24 31-Dec-23 TOTAL TOTAL 6 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 2024
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. (2023: 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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