Charity registration number: 1118523
Waltham Forest Community Hub Ltd
Annual report and financial statements
For the year ended 31st March 2024

Waltham Forest Community Hub Ltd
Table of contents
Year ended 31st March 2024
Page
Reference and administrative information
Report of the trustees
Independent examiner's report
Statement of financial activities
Balance sheet
Notes to the financial statements
10

Waltham Forest Community Hub Ltd
Reference and administrative information
Year ended 31st March 2023
Board of trustees
Faiz Yunis
Shahid Majid
Khayyam Shahid Aslam
Joga Kabra
Rosemary Perrett
Finn Grant
Imran Iqbal
Anita Sharma
Shelly Louise Hopkinson
Jessica Mercedes Taylor Goodwin
Stephen Paul Hillman
Fiona Jane Gilbert
Stephen Tippell
Address of principal office
18a Orford Road
Walthamstow
London
E17 9LN
Company number
05642169
Charity number
1118523
Independent examiner
Young & Co Accountants Limited
160c Fencepiece Road
London
IG6 2LB
Bankers
The Co-operative Bank
P.0. Box 250
Delf House
Southway
Skelmersdale
WN8 6WT
Page I

Waltham Forest Community Hub Ltd
Report of the trustees
Year ended 31st March 2024
Constitution
Waltham Forest Community Hub (WFCH) is a company limited by guarantee and a
registered charity. It is governed by its Memorandum and Articles of Association dated I
December 2005. The organisation is central to the regeneration of the borough, and it's
potential is recognised by all, as an engine for community cohesion and empowerment as
the population grows and changes. Our role as a place-based charity is to understand and
champion the needs of Waltham Foresvs communities and people, provide services and
support that enable them to thrive and steward our assets to serve our charitable mission
"to bring together and lead the community, providing opportunities and resources that
value and empower all,.
Recruitment and a
olntment of mana
ement commlttee
The Directors of the Company are also Charity Trustees for the purpose of Charlty Law and
are known as members of the Board of Trustees. Under the requirements of the
Memorandum and Articles of Association the members of the Board of Trustees are
elected for a period of three years, after which they must be re-elected at the Annual
General Meeting, with the option to co-opt up to two new members at other times of the
year.
Trustee Inductlon and Trainln
New Trustees are provided with relevant documentation and are given an induction that
includes familiarisation of the Charity's mission statement, aims and objectives,
organisational structure, policies, and Trustees, responsibilities. They meet the Chair of the
Trustees and the Chief Executive to obtain more background information when elected and
are expetted to attend training on the role of trustees.
Our vision is for Waltham Forest to be 'a place where every individual and community is
valued, supported and can thrive.,
Our values include:
WELCOMING; COLLABORATIVE; EMPOWERING; INCLUSIVE; ADAPTABLE; AMBITIOUS and
our team embrace these. We believe that everyone has skills and potential to grow and
develop. As a united community, we trust we can take collective responsibility to create a
positive future.
Page 2

Waltham Forest Community Hub Ltd
Report of the trustees
Year ended 31st March 2024
Objectives and activities for public benefft
Our organisation's aim has been to deliver projects and activities that meet the following
four areas of need:
Developing a sustainable organisation that can meet needs of the community
Reducing isolation and improving wellbeing in disadvantaged residents
Engaging and empowering young people to participate, grow and achieve
Strengthening the community of Waltham Forest by sharing our space, voice and
expertise.
This has been a challenging year for much of our community. High food and energy prices
have made it difficult for some to make ends meet. Our mission is to support people in
Waltham Forest to improve their lives and make communities stronger, happier and
healthier, and we are grateful for the new long-term partnerships with Cadent Gas and the
National Lottery Community Fund that have enabled us to provide practical help, advice
and support to our community, from providing heating advice to offering free slow cookers
to enable healthy cooking on a budget. We are a150 grateful for the ongoing support of the
London Borough of Waltham Forest, Mercers Company and Trust for London that enables
us to remain fleet of foot, and responsive to the needs of a diverse and changing
community.
Financlal review
Trustees recognised that in order to meet the needs of the local community better a slight
shift in strategic focus was necessary. Historically we have been reliant on letting our
building to raise unrestricted funds. Whilst this is still an activity we do, the emphasis this
year has been more on raising restricted funds to host events, meetings and on using the
building to provide much-needed services to the local community. We remain in a
financially strong position with around six months of operating cost5 as free reserves. This
is essential as it allows us to be responsive to local need and operate in a highly complex
environment. We have also invested time and resources over this year in an evaluation
and learning framework that enables better data capture, and we have used this to inform
future planning.
Trustees have recognised the value of the staff and volunteers of our organisation. Against
the backdrop of the cost-of-living crisis, we remain a London Living Wage employer, and
this year we conducted a salary benchmarking exercise to ensure that staff are being paid
at a competitive rate for the local sector and area. Trustees also authorised the investment
of a small proportion of our free reserves in a well-being programme for staff.
Page 3

Waltham Forest Community Hub Ltd
Report of the trustees
Year ended 31st March 2024
Our role as a place-based charity is to understand and serve the needs of Waltham Forest's
communities and people. We do this by providing a range of quality space, opportunities
and support, principally through our multi-purpose community venue in the heart of
Walthamstow Village. Built in 1866, the building presents a number of challenges in terms
of maintenance and upkeep. It is, however, a highly valued community resource and
remains a real community asset. The challenge for the future 15 to find the resources
required to invest in the building and maximise its value to the community.
We owe our success to the enthusiasm, commitment and great teamwork between
trustees, staff and volunteers. We remain confident we can continue to attract growing
support from sponsors, partners and grant funders who've made our success possible thus
far. We're hugely grateful to every one of our funders and donors.
Statement of trustees, responslbilitles
Our board of trustees (the board) has collective responsibility for everything that we do,
including the legal responsibility to ensure the charity is controlled and properly managed.
In discharging their collettive responsibilities the trustees are responsible for preparing the
trustees, annual report and the financial statements in accordance with the applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice) including FRS 102 (The Financial Reporting Standard applicable in the
UK and Republic of Ireland).
The law applicable to charities in England, Wales and Scotland requires the trustees to
prepare financial statements for each financial year. These must give a true and fair view of
the state of affairs of the charity, and of the incoming resources and application of
resources of the charity for that period. In preparing these financial statements, the
trustees are required to:
> selett suitable accounting policies and then apply them consistently
> observe the methods and principles in the Charities SORP (FRS 102)
> make judgments and estimates that are reasonable and prudent
> state whether applicable accounting standards have been followed
> prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the charity will continue in business.
Page 4

Waltham Forest Community Hub Ltd
Report of the trustees
Year ended 31st March 2024
We would like to thank all our volunteers and supporters who dedicate their time, provide
moral support and offer financial assistance in the smooth running of the organisation. We
express our heartfelt gratitude to all those involved and we hope that the bonds that have
been formed will continue.
We have assessed projected future income, expenditure and cash flows over the period to
31 March 2024, and analysed the strength of the CharIt￿S reserves, liquid assets and its
ability to withstand a material fall in income. We have concluded that there is a reasonable
expectation that the charity has adequate resources to continue their activities for the
foreseeable future. Therefore we have continued to adopt the going concern basis in
preparing the financial statements.
Signed on behalf of the Board of Trustees on 10th October 2024 by:
Joga Kabra
Chair of Waltham Forest Community Hub Ltd
Page 5

Independent examiner's report to the Trustees of Waltham Forest Community Hub
Year ended 31st March 2024
I report to the trustees on my examination of the accounts of Waltham Forest
Community Hub Ltd for the year ended 31st March 2024, which are set out on page5 5
Responsibilities and basis of report
As the charity trustees of Waltham Forest Community Hub Ltd you are responsible for
the preparation of the accounts in accordance with the requirements of the Charities
Act 2011 ('the Act,).
I report in respect of my examination of the Trustee's accounts carried out under
section 145 of the 2011 Act and in carrying out my examination I have followed all the
applicable Directions given by the Charity Commission under section 145(5)(b) of the
2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my
attention in connection with the examination giving me cause to believe that in any
material respect:
(l) accounting records were not kept in respert of the Trust as required by section 130
of the Act. or
(2) the accounts do not accord with those records; or
{3) the accounts do not comply with the applicable requirements concerning the form
and content of accounts set out in the Charities (Accounts and Reports) Regulations
2008 other than any requirement that the accounts give a 'true and fair view, which is
not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the
examination to which attention should be drawn in this report in order to enable a
proper understanding of the accounts to be reached.
Signed:
Name".
M A Vankad
Fellow of Chartered Certified Accountants
Address". 160c Fencepiece Road
London
IG6 2LB
Date:
4th October 2024
Page 7

Waltham Forest Community Hub Ltd
Statement of financial activities
Year ended 31st March 2024
Year
Year
Restricted &
ended
ended
Unrestricted endowment Designated 31st March 315t March
funds
funds
funds
2024
2023
lrniestment Income
Interest
Income from donatlons / charltable actlvftles:
Inter-Generational
Violence Reduction Unit
Mercers
Donations
Community Hall Hire
Trust for London
LB Waltham Forest CCG
Youth Activities
Cadent Gas
Total income
1,338
1.338
10.909
10,909
11,030
69,933
33.750
5,236
60,119
59.598
70.000
1,152
35,000
345,818
35,639
35.640
8,129
27,404
57,668
159,243
26,893
86,002
413,226
8.129
27.404
57,668
159,243
26.894
86,Ci12
338,552
74,674
Expendlture on:
Adminlstration
Salaries
Sessional and volunteers
Project management
Training and con5ultancv
Rent. rates and building insurance
Utility charge and refuse collertion
Bulldlng and equlpment maintenan
Prlntlng. postage and stationery
Advertlsing
Subscriptions and membershlp fees
Sundry expenses
Deprec13tion
Fundraising
Bank charges
Accountanry & Professional fees
Miscellaneous
Development I Staff Welfare
Total expenditure
28.871
5.016
351
17,945
3,250
20.559
15,935
5,948
2.272
33,260
224.fA4
6,036
9.487
26,699
62,131
229,660
6,387
27,432
29,950
20.559
16,122
5,948
3,727
607
1,060
1.711
3,096
8,180
22,222
192,753
1,873
20,832
40,355
18.142
9,622
2,383
1,527
594
1,316
3,393
9,944
7,957
20
1,200
633
187
1.455
2S9
1.703
3,096
8.180
1.899
1.196
1,899
1,196
12,803
432,469
12,803
12,803
117,630
302.036
334,766
Net Income
42,956
36.516
12,803
19,243
11,052
Reconclllatlon of tunds:
Total funds brought forward
Net movement in funds
Transfer of funds
Total funds carried forward
74,091
42.956
36,697
67,832
19.686
36,516
33,601
22,601
96,116
12.803
3,096
80,217
189,893
19,243
178,840
11,052
170,650
189,892
Page 8

Waltham Forest Community Hub Ltd
Balance sheet
As at 31st March 2024
Note
2024
2023
Flxed assets
Tangible assets
Total fixed assets
63,019
63,019
66,115
66,115
Current assets
Prepayments
Community hall hire services
Accrued income
Other debtors
Cash at bank and in hand
Total current assets
704
10,602
461
4,460
81,335
18,345
244,854
256,621
151,631
255,771
Current Ilabilitles
Social securitv
Refundable deposits
Other creditors and deferred income
Pension contributions
Credltors.. amounts falling due withln one year
1,496
7,248
139,114
1,132
148.990
3,907
6,648
120,629
810
131,994
Total assets less current Ilabllltles
170,650
189,892
Creditors: amount5 falling due after more than one year
Total net assets
170,650
189,892
The funds of the charlty
Unrestricted funds
Restricted funds
Designated-fixed assets
Designated-repairs
Designated- wellbeing
Designated-Development
Total funds
67,833
22.600
63,019
74,091
19,686
66,115
7,651
9,547
170,650
10,000
20,000
189,892
The accompanying notes form part of these accounts.
Approved by the Board of Trustees on 20th October 2024 and signed on its behalf by:
Joga Kabra
Chair of Waltham Forest Community Hub Ltd
Page 9

Waltham Forest Community Hub Ltd
Notes to the financial statements
For the year ended 31st March 2024
Note l- Basis of re
aration
1.1 Basis of accounting
Waltham Forest Community Hub Ltd Is a pvblic benefrt entity.
The Presentation currenry of the financial statements 15 the Pound Sterling 1£).
These accounts have been prepared under the historical cost convention with items recogni5ed at cost or transaction value
unless othenvise stated in the relevant note5 to these accounts.
The account5 have been prepared in accordance with the Statement of Recommended Practlce: Accounting and Reporting
by Charities preparln8 their accounts in accordance with the Financial Reporting Standard appllcable in the UK and Republic
of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Art 2011.
1.2 Going concern
The accounts (financial statements) have been prepared to give a 'true and fairf view.
After making enquiries, the trustees have a reasonable expectation that Waltham Forest Community Hub Ltd has adequate
resources to continue It's activities for the foreseeable future. Accordingly, they continue to adopt the going concern basis in
preparin8 the financial statements.
N te 2 - Accountln
ollcles
2.1 Income
Recognition of income
All income is accounted for In the SOFA when the Charity is legally entitled to the income,
it 15 probable that the income will be recelved. and the amount can be quantified with reasonable accuracy.
Offsettlng
There has been no oftsettin8 of assets and Ilabilitles, or income and expenses, unless requlred or permltted by the Charltles
SORP IFRS102} or FRSIO2.
Volunteer help
The value of any voluntary help received is not Included in the accounts.
2.2 Expenditure and Ilabllitie5
Llability recognition
Llabilities a￿ recognised Whe￿ It Is more likely than not that there Is a legal or construrtlve obligation Commltting the
charity to pay out resource5 and the amount of the obligation can be measured with reasonable certainty.
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
Provlsions for liabilities
A liability is measured on recognltlon at its historical cost and then subsequently measured at the best estlmate of the
amount required to settle the obligation at the reporting date.
2.3 Assets
Tangible fixed assets for use by charlty
These are capitalised if they can be used for more than one year. The depreciation rates and methods used are disclosed in
note 2.6.
Page 10

Waltham Forest Community Hub Ltd
Notes to the financial statements
For the year ended 31st March 2024
Debtors
Debtors (including trade debtors and loans receivable} are measured on initial recognition at settlement amount after anv
trade discounts or amount advanced by the charity. Subsequently. they are measured at the cash or other consideratlorl
expected to be received.
2.4 Tax
Waltham Forest Community Hub Ltd. as a registered charity is exempt from tax under Chapter 3 of Part 11 to the
Corporation Tax Art 2010 or Section 256 of the Taxation for Chargeable Gains Art 1992, to the extent Sufpluses are applied
to its charitable purposes.
2.5 Cash flow
The charity meets the definition of a qualifying entity under FRS 102 and has therefore tsken advantage of the dlsclosure
exemption in relation to presentation of a cash flow statement in respect of its financial statements.
2.6 Tangible fixed assets
Tangible flxed assets are stated at Cost. Depreciation is calculated to write off the cost of fixed assets by equal annual
instalments over their expected useful lives as follows:
Flxtures, flttin8s & equipment- IO% reducin8 balance
Tangible and intangible fixed assets costing less than £2,000 are not capitalised. and are written off in the year of purchase.
Note3-Em lo
es
The average number of employees, calculated on a full-time equivalent basls, during the year under review were 912023 -
91,
The above numbers include staff responslble for the management and support of the volunteers.
The trustees have not recelved any remuneratlon or expense5 in relatlon to thelr dutles as trustees.
Note 4- Contrlb tion from the volunteers
We are very grateful to our large and hugely supportive volunteer base.
Some work tirelessly to raise funds for our work and help run the charity, whilst others work directly wlth the operatlonal
side of the charity work.
Given the absence of a reliable measurement basis. donated services from our volunteers are not included within the
financial statements. This is in line with the requirements of Charities SORP IFRS 1021.
Note5-Ca
Ital commltments
The charity had no capital commitments at 31 March 2024 or 31 March 2023.
Note 6 - Contin
ent liabilities
There were no contingent liabilitie5 at either the beginning or at the end of the financial year.
Page 11

Waltham Forest Communlty Hub Ltd
Notes to the financial statements
For the year ended 315t March 2024
Note 7- Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an employment with thelr
charity or a related entity.
Note 8- Tan
ible fixed asset
Fixture5,
fittings &
equipment
TotsS
Cost or valuotlon
At the beginning of the year
Additions
Revaluations
Oi5posals
At end of the year
125,231
85,367
39,864
125.231
125,231
Depreciotion ond impoirments
At beginning of the year
Disposals
Depreciation
Impalrment
At end of the year
59.116
49,172
3,096
9,944
62.212
59.116
Net book value
At the beginning of the year
At the end of the year
66,115
63,019
36.195
66,115
Note 9- Total funds
At the
beginnln8 of Incoming
the year
Resources
Outgoing
Resources
Transfer to
U/R
Designated At the end of
Fund
the year
8ig Lottery Development Fund
CCG
Cadent Gas
Reaching Communities
Mercers
CBT
Trust for London
VRU
Total
15.364
86,CX)2
159.243
35.640
79,218
140,105
29.978
5,229
19,138
6,325
16,919
2,823
2,160
1,500
2,021
57.668
52.735
2.912
19,687
338.553
302.036
33.603
22,601
Designated Fund-Tangible Assets
Designated Fund- Repairs
Designated Fund- Development
Designated Fund - Wellbeing
General Reserve
Total Unrestricted Funds
Total Funds
66,114
3.096
63.018
20.000
io,coJ
74.091
170.205
189.892
10,453
2.350
3,095
12,804
12,804
9,547
7.650
67,833
148,048
170,650
74.674
74.674
413.227
117.630
117.630
419,666
33,603
33.603
Page 12