# **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 1 ## **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 2 |**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 3 - 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%) - 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. 5 ## **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 6 ## **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; - Make judgements and estimates that are reasonable and prudent; - 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 7 ## **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; - to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act, and; - 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: 1. 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 2. 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 8 ## **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. 9 ## **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 ASSETS**less 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 10 ## **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. 11 ## **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) 12 ## **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| 13 ## **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| 14 ## **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. 15 ## **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. 16 ## **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. 17