Company no. 06092664
Charity no. 1122590
Lincoln Area Regeneration Group
Report and Unaudited Financial
Statements
31 March 2024

Lincoln Area Regeneration Group
Reference and administrative detsils
For the
ear ended 31 March 2024
Company number
06092664
Charity number
1122590
Registered office and
operational address
Poplar Union
2 Cotall Street
London
E146TL
Trustees
Trustees, who are also directors under company law, who served
during the year and up to the date of this report were as follows..
David Black
Brian Searle
Helal Ahmed
Asim lftikhar
Safia Jama
Cheryl Ndione
Christine Searle MBE
Chair
Vice-chair
Treasurer
Senior management team
Momtaz Begum
Company secretary
Naseem Kadir
Bankers
HSBC Bank PLC
59- 61 The Mall
Stratford
London
E151XF
Independent
examiners
Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prin￿ Street
Bristol
BS14QD

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
The trustees present their report along with the financial statements of the charity for the year ended
31 March 2024.
Reference and administrative information set out on page 1 forms part of this report. The financial
statements comply with current statutory requirements, the Memorandum and Articles of Association
and the Statement of Recommended Practice - Accounting and Reporting by Charities (effective from
January 2019).
Objects and values
The main objectives of the charity continue to be the social, cultural, environmental and personal
flourishing of the Bow, Poplar and Tower Hamlets communities, for the benefit of local people,
particularly those living through urban regeneration. Having previousty concentrated our efforts in the
Bow and Poplar area of East London (our origins), we have now spread further afield again in Tower
Hamlets. Most notably, arts and community centre, Poplar Union (the base for one of our satellite
offices), continues to succeed in providing high quality cultural and community focused events in an
area where historically there have been no local community provisions.
The Lincoln Area Regeneration Group's (LARG) charitable objectives are focussed on supporting
local people to create opportunities and utilise these initiatives to build strong relationships and
cohesive communities, using art as a tool to improve people's access to health and well-being
provisions.
LARG'S unique status as a resident formed and led charity means that the organisation has an
intrinsic understanding of the needs of Tower Hamlets, residents. LARG is insightful and equipped in
recognising and filling any gaps in the social, cultural, economic and environmental landscape of the
borough. Issues such as poverty, isolation and exclusion, racial or religious tension, physical and
mental ill-health, lack of socio-economic opportunty and access to quality cultural provision all
motivate the actions taken and partnerships formed by LARG.
LARG are longstanding practitioners with over 15 years of service delivery within local communities
and continue to grow and evolve to reflect the changes and needs of Tower Hamlets, residents.
Principal activities
The principal activities of the charity are..
Providing high quality arts and wellbeing activities that are financially, physically and intellectually
accessible to all members of East London's diverse communities;
Supporting local residents in gaining employment, training or embarking on educational andlor
vocational activities, through our volunteering scheme.,
To be a champion in environmental and sustainable initiatives, supporting local recycling,
greening and providing opportunities for local people to learn about and get involved with
environmental projects within the borough-
Animating and improving public spaces including, in the past year and ongoing, Bartlett Park and
the Limehouse Cut, making both spaces more desirable, safe and attractive spaces to local
communities., and
General promotion of the local area and its residents as a desirable, friendly and inclusive area to
live, work, socialise and play.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
Achievements and perfomiance
lar Union
Opened in January 2017, Poplar Union is one of LARG'S more recent community projects with aims
to be the creative heart and soul of Poplar offering a platform to the local community to showcase
hidden and untapped talents. Poplar Union is a multi-disciplinary, purpose-built community arts
centre. They aim to nurture and develop creativity, offering local people a space to commune, create
and socialise. Through their exciting and diverse arts programme, Poplar Union aims to raise the
profile of Poplar and south*ast Tower Hamlets as a vibrant and enticing cultural destination with
events ranging from theatre, music, dan￿, health and wellbeing and interactive workshops to larger
scale festivals. Poplar Union continues to grow from strength to strength, with numbers of attendees
increasing on a monthly basis and over 3,000 members subscribing to their newsletter. Poplar
Union's arts programme is relevant to and reflective of the diverse communities within Tower
Hamlets, empowering local people through telling their stories, representing them on stage and
promoting world music. Poplar Union also channels LARG'S objectives surrounding improving the
wellbeing of local residents through a highly suc￿Ssful health programme including yoga for adults
and children, Zumba and family karate classes.
Poplar Union has also manifested LARG'S objectives and aims through close and valuable
partnerships such as Poplar E5 Bakehouse (formerly e5 Roasthouse) who provide quality, nutritious
and seasonal food on site. They also run schemes such as Just Bread in which refugees are given
the training required to obtain employment within the hospitality industry- very much in line with
LARG'S objectives regarding employment and training. Through partnership and the programming
described above, Poplar Union's productivity continues to grow and has expanded LARG'S remit to
engage with new communities migrating to the area ranging from migrant communities to those with
more disposable income.
Poplar Union has also provided new opportunities through hiring its studios. Not only has this
appealed to local businesses and charities of varying sizes, it also means the community has access
to a beautiful and ac￿Ssible space for ￿lebratOry events, parties and even weddings at flexible and
competitive prices, providing another source of income for LARG.
Moo Canoes
Having entered into a service level agreement with Moo Canoes in 2017, many joint ventures have
been successfully delivered in the past year, including vnrking with children and young people to
introduce stand-up-paddle-boarding. kayaking, canoeing and canal clean-ups into the vocational and
leisure curriculum of local schools. Free monthly canal clean-ups led by Moo further promotes
LARG'S values of improvement to green spa￿S and the preservation of our community environment.
In addition to this Moo have successfully provided corporate staff days to large, affluent corporations
based in Canary Wharf and the surrounding areas. LARG are hopeful that this will continue to
develop as we anticipate this being a very good Sour￿ of income generation for both organisations.
The event season is from April to late October, thus presenting many opportunities to grow the
business in the winter months spurred on all the more by the newly regenerated Limehouse Cut.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
The Power to Chan
Lincoln Area Regeneration Group, in partnership wth Poplar HARCA and 14 other organisations, has
adopted 3 miles of the Limehouse Cut, the oldest canal in London that runs alongside Poplar Union
and Bartlett Park. LARG continues to develop this project that will deliver a new pontoon on the
Limehouse Cut, between the Limehouse Basin & Bow Creek in the heart of Poplar E14. The
preliminary site investigation and survey were successfully completed in July 2017, and showed no
major issues of contention. Additionally, Servi￿ arrangements have been agreed with Canal & River
Trust that are the water-based site landlord. and an agreement has been secured with a Housing
Association in order to gain land-based access to the site. The project was completed in December
2022 and aims to create better access to the canal side for local residents and create a new village
green encompassing the community hub, the park and the canal. Power to Change awarded a
£240,391 grant so LARG can build a pontoon with ten moorings in partnership. The income
generated from each mooring now funds LARG'S charitable activities. Canal tenants also give in kind
support to the local community and help improve the sometimes unsafe towpath with their constant
presence. With a safer, more accessible canal, LARG will create a dynamic waterfront and deliver
volunteering, water sport and educational activities. LARG conts'nued to improve the site in 23-24.
Events
LARG continues to run a variety of activities focused on arts and culture, wellbeing, education and the
environment.
The Flax Exchan
Working with residents in Tower Hamlets, V￿ run a project that was initially started by Craft Central.
Together we ran a series of workshops exploring homegrown sustainable textile practices, movement
and sound. Poplar Union took over the project from Craft Central in February 2024. A total of 15
workshops were held, with a live music show and exhibition.
Po
oes Green
Our annual sustainability festival, held each January, is organised in collaboration with key partners,
Sustainably Muslim and Sunny Jar. The event offers a variety of indoor and outdoor craft activities for
families, encouraging the local community to explore ways to reuse. recycle, and repurpose everyday
materials. It also revives traditional cultural techniques, such as Hapa Zome, a Japanese method for
transferring the vibrant colors of leaves and flowers onto fabric or paper.
Stories We Tell. Phot
ra
h Course
Partnering with an incredible local photographer Pierre Bureau, we have been able to roll out various
photography courses including an adult professional course, family and young people courses, mens
only and womens only courses who came together to exhibit their work at Poplar Union. Through
support from Arts Council England, we have been able to provide these courses to our local
communities for free and have had such success that we have rolled out the programme across
various seasons throughout the year. Poplar Union provides the exhibition Spa￿ for each course to
display their work publicly in our café which for many local participants is the first time they have been
able to see their work in a professional environment and has inspired careers and hobbies in the arts.
Skills and mentorin
In partnership with a new female-led enterprise, we have supported the local ne￿OrkIng group
Canary Wharf Female Entrepreneurs, with the goal of empowering as many women in business as
possible to build confidence and strengthen their brands. Together, we organised a series of skills
development and mentorship programs, covering topics such as public speaking, social media
training, and coaching for female entrepreneurs.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
Partici
ation in the Lincoln Estate Board and Local Area Partnershi
Lincoln Area Regeneration Group was strongly represented in the Estate Board which enables the
voices of our members to be heard and considered. However, in recent years the way that
governance issues are decided has changed somewhat and there is not such a strong emphasis on
Estate Board matters. However we continue to support individual residents who wish to participate in
local decision-making processes by encouraging them to attend meetings and consultations called by
our landlord and express their opinions and ideas as to how we can work together to improve our
estates and make them a better place to live. Lincoln Area Regeneration Group's chairperson still sits
in the Local Area Partnership {LAP 6) steering committee.
Poplar Union has also formed its own 'Resident Advisory Board, enabling a selection of local
residents to feedback directly to LARG as to what they feel their communities need and would benefit
from. This has proved useful in designing the programming and engagement activities, particularly at
Poplar Union.
Financial review
The detailed results of the charity are shown in the Statement of Financial Activities on page 11 and
its financial position at 31 March 2024 is shown in the Balance Sheet on page 12.
Poplar HARCA has continued to be a major funder in 2023-24. They also continue to provide
premises and other facilities in kind including support with funding applications as needed as well as
assist LARG in showcasing and staging the valued work undertaken. LARG has increased its
investment and other trading income from mooring rentals. Spa￿ hire, ticket sales for events,
donations and fund raising.
Risk assessment
The Board continues to keep under review the major risks to which the charity may be exposed.
Reserves policy and funds
The trustees believe it is wise to hold a balance in the designated reserve equivalent to 3 months of
unrestricted annual expenditure to meet unexpected costs and fluctuations in planned income. The
balance in the general reserve at the end of the year was £306,515, of which £65,767 is free
reserves, and the designated funds were £100,000.
Plans for future periods
The charity plans to continue the activities outlined above in the forthcoming years subject to
satisfactory funding arrangements. Efforts will be made to ensure Poplar Union continues to grow
from strength to strength across its programme of events, partnerships, hire opportunities and
community engagement. Looking ahead. major challenges (and opportunities) include the successful
completion of the 10 residential moorings and the renovation of adopted section of the canal which
will drastically impact upon both the financial position and profile of LARG in the E14 area of East
London. This last year has been a challenging year for all charities, though with the efforts of Poplar
Union and the ongoing works of development projects such as the mooring scheme, we are entering
the next financial year with renewed confidence in LARG'S ability to grow, develop and respond to the
needs of Tower Hamlets, residents in precarious social and political times.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
structure. governance and management
The Lincoln Area Regeneration Group is a charitable organisation controlled by a board of trustees.
Constitutional
overnance
LARG is governed by a board ratified constitutional document stipulating parameters under which it
operates,. this set of practices govem, influence and shape the direction in which the group, as an
organisation, is steered. Govemance indices include geographical location, (within Tower Hamlets),
types of involvement. and areas of activities include green spaces preseNation and other
predetermined agreed agendas, for example young people's activities, events management and so
forth. For greater clarification please refer to LARG'S constitutional document.
Or
anisational structure
The trustees, who are also directors are activety involved in overseeing LARG'S day to day operations
as well as managing workloads delegated to a list of full-time staff, bank workers and sessional
summer workers. The trustees meet once per quarter, usually numbering four or five official
gatherings per annum, there is scope to increase the frequency depending on the urgency of matters
and funding applications. Additionally, and in Complian￿ with government pension regulations, LARG
has ensured that all its paid employees are now auto*nrolled in relation to the pension provisions.
This means that upon signing a contract of employment each employee is automatically enrolled into
LARG'S pension scheme and may opt out if required.
Chari
incor
oration
Our application for incorporation was approved in 2008, and LARG continues to operate under our
charity number which is 1122590.
De
endent relationshi
The charity is based across two sites. The Lincoln Area Regeneration Group's head office is at
Poplar Union, 2 Cotsll Street, London E14 6TL. The site is owned by Poplar HARCA, a housing and
regeneration community association which is a registered charity (No. 1064397). Poplar HARCA
provides space at Poplar Union that Lincoln Area Regeneration Group trustees have signed a licence
to occupy. LARG continues to benefit from subsidised rent. IT seNices. office costs and other related
charitable services. This is in recognition of the charity's work which is in keeping with Poplar
HARCA'S own charitable purposes. However, due to pressure on budgets and a greater emphasis on
accountability there is an increasing expectation for LARG to become self-sustaining and less reliant
on Poplar HARCA'S resources. Lincoln Area Regeneration Group intends to make rental payments to
Poplar HARCA as its landlord in the financial year 2024125.
Again this year Lincoln Area Regeneration Group continued to be dependent on support from Poplar
HARCA, although there is increased pressure to be self-SUStaining I self-financing sooner rather than
later. Despite this, Lincoln Area Regeneration Group have still projected and propelled our business
initiatives. We have found it challenging to continue the journey to becoming self-sustaining, but we
are moving forward and new developments detailed in this trustees. report (notably the mooring
scheme and remodelled agreement with Poplar Union's café provider, Poplar Bakehouse) will
continue to ensure that we will eventually gain Independen￿ away from Poplar HARCA. The overall
3 % reduction of rents payable by central govemment to Registered Social Landlords continues to
hamper funding opportunity for Lincoln Area Regeneration Group, as the RSL'S, our customer base,
abilities to commission additional community engagement works has greatly diminished. However
other prospective avenues have been created with Lincoln Area Regeneration Group tendering for
opportunities to support community cafes.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
Volunteers
Volunteers are the backbone of the charity's operational ne￿Ork viithout whom the range and extent
of activities undertaken would be greatly diminished. We continue to embark on social media
campaigns and local marketing in the promotion of our services, this has also enabled us to recruit a
new compliment of staff, volunteers and intems to assist our management of Poplar Union.
Recruitment and a
ointment of trustees
In accordance with the Constitution of the charity, all of the trustees are required to retire at each
Annual General Meeting (AGM) but if eligible may offer themselves for re*lection by the members
present at the AGM.
Additionally, between one AGM and the next the trustees may appoint any further person who is
willing and eligible to act as a trustee. This year began a recruitment campaign to appoint new
trustees to the organisation and this wll continue into 2024-25. Two new trustees were appointed,
Cheryl Ndione and Safia Jama.
Public benefit
The trustees have had due regard to the Charity Commission's guidance on public benefit.
Statement of responsibilities of the trustees
The trustees {who are also directors of the charity ft)r the purposes of company law) are responsible
for preparing the trustees, report and the financial statements in accordance with applicable law and
United Kingdom Accounting Stsndards, including Financial Reporting Standard 102- The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting practi￿).
Company law requires the trustees to prepare financial statements for each financial year, which give
a true and fair view of the stste of affairs of the charity and of the income and expenditure of the
charity for that period. In preparing those financial statements the trustees are required to..
select suitable accounting policies and then apply them consistently-
observe the methods and principles in the Charities SORP.,
make judgements and accounting estimates that are reasonable and prudent.,
state whether applicable UK accounting standards and statements of recommended practi
have been followed, subject to any material departures disclosed and explained in the financial
statements,. and
prepare the financial ststements on the going concern basis unless it is inappropriate to presume
that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the financial position of the charity and which enable them to ensure that the
financial statements comply with the Companies Act 2006. The trustees are also responsible for
safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the Maintenan￿ and integrity of the corporate and financial
information included on the charitable companvs website. Legislation in the United Kingdom
governing the preparation and dissemination of financial statements may differ from legislation in
other jurisdictions.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2024
Members of the charity guarantee to contribute an amount not ex￿edIng £10 to the assets of the
charity in the event of winding up. The trustees are members of the charity but this entitles them only
to voting rights. The trustees have no beneficial interest in the charity.
Independent examiners
Godfrey Wilson Limited were re-appointed as independent examiners to the charitable company
during the year and have expressed their willingness to continue in that capacity.
Approved by the trustees on 16 De￿mber 2024 and signed on their behalf by
David Black- Chair

Independent examinerfs report
To the trustees of
Lincoln Area Re
eneration Grou
I report to the trustees on my examination of the accounts of Lincoln Area Regeneration Group (the
charitable company) for the year ended 31 March 2024, which are set out on pages 11 to 26.
Responsibilities and basis of report
As the trustees of the charitable company (and also its directors for the purposes of company law)
you are responsible for the preparation of the accounts in accordance with the requirements of the
Companies Act 2006 {'the 2006 Act,).
Having satisfied myself that the accounts of the charitable company are not required to be audited
under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my
examination of the charitable company's accounts as carried out under section 145 of the Charities
Act 2011 ('the 2011 Act,). In carrying out my examination I have followed the Directions given by the
Charity Commission under section 145(5) {b) of the 2011 ACL
Independent examiner's statement
Since the charitable company's gross income ex￿eded £250.000 your examiner must be a member
of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the
examination because l am a member of the Institute of Chartered Accountants in England and Wales
(ICAEW), which is one of the listed bodies.
Godfrey Wilson Limited also provides payroll services to the charitable company. I confirm that as a
member of the ICAEW l am subject to the FRC'S Revised Ethical Standard 2016, which I have
applied with respect to this engagement.
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=
(1) accounting records were not kept in respect of the charitable company as required by section
386 of the 2006 Act, or
(2) the accounts do not accord with those records" or
(3) the accounts do not comply with the accounting requirements of section 396 of the 2006 Act
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- or
(4) the accounts have not been prepared in accordance with the methods and principles of the
Statement of Recommended Practice for accounting and reporting by charities applicable to
charities preparing their accounts in accordan￿ with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).

Independent examinerfs report
To the trustees of
Lincoln Area Re
eneration Grou
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.
Lb L,1
Date.. 17 De￿mber 2024
Robert Wilson FCA
Member of the ICAEW
For and on behalf of..
Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD
10

Lincoln Area Regeneration Group
Statement of financial activities (incotporating an income and expenditure account)
For the
ear ended 31 March 2024
2024
Total
2023
Total
Restricted Unrestricted
Note
Income from:
Donations
Charitable activities
Other trading activities
Investment income
10,300
286,276
83,249
64,613
10,300
297,549
83,249
64,613
10,000
464,329
65,655
23,055
11.273
Total income
11.273
444.438
455,711
563,039
Expenditure on:
Raising funds
Charitable activities
34,198
432,111
34,198
434,079
34,172
456,229
1.968
Total expenditure
1,968
466,309
468,277
490,401
Net income l (expenditure)
9.305
(21.871)
{12,566)
72,638
Transfers be￿een funds
Net movement in funds
9.305
(21,871)
{12,566)
72,638
Reconciliation of funds:
Total funds brought forward
3.500
428.386
431,886
359,248
Total funds carried forward
12,805
406,515
419.320
431,886
All of the above results are derived from continuing activities. There were no other recognised gains
or losses other than those stated above. Movements in funds are disclosed in note 18 to the
accounts.
11

Lincoln Area Regeneration Group
Balance sheet
As at 31 March 2024
2024
2023
Note
Fixed assets
Tangible assets
Investment propety
13
14
599
240,149
283
230,531
240,748
230,814
Current assets
Debtors
Cash at bank and in hand
15
53,289
149,018
62,887
161,297
202,307
224,184
Liabilities
Creditors.. amounts falling due within 1 year
16
23,735
23,112
Net current assets
178,572
201,072
Net assets
17
419,320
431,886
Funds
Restricted funds
Unrestricted funds
Designated funds
General funds
18
12,805
3,500
100,000
306,515
100,000
328,386
Total charity funds
419,320
431,886
The directors are satisfied that the company is entitled to exemption from the provisions of the
Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of
section 477(2), and that no member or members have requested an audit pursuant to section 476 of
the Act.
The directors aCknO￿edge their responsibiltties for.
(i) ensuring that the company keeps proper accounting records which comply with section 386 of
the Act., and
(li) preparing financial statements which give a true and fair view of the state of affairs of the
company as at the end of the financial year and of its profit or loss for the financial year in
accordance with the requirements of section 393. and which otheNise comply with the
requirements of the Act relating to financial ststements, so far as applicable to the company.
These accounts have been prepared in accordance with the special provisions applicable to
companies subject to the small companies, regime.
Approved by the trustees on 16 De￿mber 2024 and signed on their behalf by
David Black- Chair
12

Lincoln Area Regeneration Group
Statement of cash flows
For the
ear ended 31 March 2024
2024
2023
Cash used in operating activities:
Net movement in funds
{12,566)
72,638
Adjustments for=
Depreciation charges
Dividends, interest and rents from investments
Decrease l (increase} in debtors
Increase l (decrease) in creditors
476
(23,055)
13,966
72,253
{64,613)
9,598
623
Net cash provided by l (used in) operating activities
66,474
8,228
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Purchase of investments
64,613
1800)
9,618
23,055
85,640
Net cash provided by l (used in) investing activities
62,585
Decrease in cash and cash equivalents in the year
112,279)
(70,813)
Cash and cash equivalents at the beginning of the year
161,297
232,110
Cash and cash equivalents at the end of the year
149,018
161,297
The charity has not provided an analysis of changes in net debt as it does not have any long term
financing arrangements.
13

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Accounting policies
al Basis of preparation and general infomiation
Lincoln Area Regeneration Group is a charitable company limited by guarantee registered in
England and Wales. The registered Offi￿ address is Poplar Union, 2 Cotall Street, London, E14
6TL.
The financial statements have been prepared in accordan￿ with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities in preparing their
accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 1021 (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies
Act 2006.
Lincoln Area Regeneration Group meets the definition of a public benefit entity under FRS 102.
Assets and liabilities are initially recognised at historical cost or transaction value unless
othewise stated in the relevant accounting policy note.
b) Going concern basis of accounting
The accounts have been prepared on the assumption that the charity is able to continue as a
going concern, which the trustees consider appropriate having regard to the current level of
unrestricted reserves. There are no material uncertainties about the charity's ability to continue
as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performan￿ conditions
attached to the item of income have been met, it is probable that the income will be received and
the amount can be measured reliably.
Income from the government and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entitlement to the funds, any performance conditions attached
to the grants have been met, it is probable that the income will be received and the amount can
be measured reliably and is not deferred.
Income from the community café, events, room rental and mooring rental are recognised when
the related goods and seNices have been provided.
d) Donated services and facilities
Donated professional SeNi￿S and donated facilities are recognised as income when the charity
has control over the item. any conditions associated with the donated item have been met, the
receipt of economic benefit from the use by the charity of the item, is probable and the economic
benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), general
volunteer time is not recognised.
On re￿ipt, donated professional services and donated facilities are recognised on the basis of
the value of the gift to the charity which is the amount the charity would have been willing to pay
to obtain services or facilities of equivalent economic benefit on the open market., a
corresponding amount is then recognised in expenditure in the period of receipt.
14

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Accounting policies (continued)
el Interest receivable
Interest on funds held on deposit is included when re￿1vable and the amount can be measured
reliably by the charity- this is normally upon notification of the interest paid or payable by the
bank.
fl Funds accounting
Unrestricted funds are available to spend on activities that further any of the purposes of the
charity. Designated funds are unrestricted funds of the charity which the trustees have decided at
their discretion to set aside to use for a specific purpose. Restricted funds are donations which
the donor has specified are to be solely used for particular areas of the charity's work or for
specific projects being undertaken by the charity.
g) Expenditure and irrecoverable VAT
Expenditure is recognised once there is a legal or constructive obligation to make a payment to a
third paty, it is probable that settlement will be required and the amount of the obligation can be
measured reliably.
Irrecoverable VAT is charged as a cost against the activity for which the expenditure was
incurred.
h) Grants payable
Grants which have been authorised and paid are included as expenditure in the Statement of
Financial Activities. Grants which have been authorised but not yet paid are accrued in the
balance sheet and are included within creditors falling due within one year or after one year (as
appropriate).
i) Allocation of support and governance costs
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. Governan￿ costs are the costs associated with the governance
arrangements of the charity, including the costs of complying with constitutional and statutory
requirements and any costs associated with the strategic management of the charity's activities.
These costs have been allocated between cost of raising funds and expenditure on charitable
activities based on the proportion of staff time occupied by each activity as follows..
2024
2023
Raising funds
Charitable activities
6.2°/
93.8°/
90.5%
jl Tangible fixed assets
Depreciation is provided at rates calculated to write down the cost of each asset to its estimated
residual value over its expected useful life. The depreciation rates in use are as follows-
Equipment and furniture
3- 5 years, straight line basis
Items of equipment are capitalised where the purchase price exceeds £500.
15

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Accounting policies (continued)
kl Investment property
Investment properties are boat moorings held by LARG to earn rental income.
Investment propety is initially measured at cost, including transaction costs. Investment propety
is sUbseqUen￿Y measured at fair value at the reporting date.
Gains or losses arising from changes in the fair value of investment property are included in net
profit or loss on the fa￿ of the Statement of Financial Activities for the period in which they arise.
l) Stock
The charity does not contribute any value to the stock of food and ingredients held for its
community café as the amounts are not considered material.
m) Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount
offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
nl Cash at bank and in hand
Cash at bank and cash in hand includes cash and short term highly liquid investments with a
short maturity of three months or less from the date of acquisition or opening of the deposit or
similar account.
o) Creditors
Creditors and provisions are recognised where the charity has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the amount due
to settle the obligation can be measured or estimated reliably. Creditors and provisions are
normally recognised at their settlement amount after allowing for any trade discounts due.
p) Financial instruments
The charitable company only has financial assets and financial liabilities of a kind that qualify as
basic financial instruments. Basic financial instruments are initially recognised at transaction
value and subsequently measured at their settlement value with the exception of bank loans
which are subsequently recognised at amortised cost using the effective interest method.
q) Pension costs
The charitable company operates a defined contribution pension scheme for its employees.
There are no further liabilities other than that already recognised in the SOFA.
r) Operating leases
Rentals paid under operating leases are charged to the statement of financial activities as they
fall due.
16

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Accounting policies (continued)
sl Accounting estimates and key judgements
In the application of the charity's accounting policies, the trustees are required to make
judgements, estimates and assumptions about the carrying values of assets and liabilities that
are not readily apparent from other sources. The estimates and underlying assumptions are
based on historical experience and other factors that are considered to be relevant. Actual
results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to
accounting estimates are recognised in the period in which the estimate is revised if the revision
affects only that period, or in the period of the revision and future periods if the revision affects
both current and future periods.
The key SoUr￿S of estimation uncertainty that have a significant effect on the amounts
recognised in the financial statements are depreciation and the valuation of investment property
as described in notes 11 and 1k above.
Prior period comparatives: statement of financial activities
2023
Total
Restricted Unrestricted
Income from:
Donations
Charitable activities
Other trading activities
Investment income
10,000
387,107
65,655
23,055
10,000
464,329
65,655
23,055
77,222
Total income
77,222
485,817
563,039
Expenditure on:
Raising funds
Charitable activities
34,172
381,977
34,172
456,229
74,252
Total expenditure
74,252
416,149
490,401
Net income
2,970
69,668
72,638
Transfers be￿een funds
9,512
9,512
Net movement in funds
{6,542)
79,180
72,638
17

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Income from donations
2024
Total
2023
Total
Donations
Gifts in kind"
300
10,000
10,000
Total income from donations
10,300
10,000
"Gifts in kind relate to free use of the community centre.
All income from donations was unrestricted in the current and prior year.
Income from charitable activities
2024
Total
Restricted Unrestricted
Poplar HARCA
Local authority grants
Non-local authority grants
281,183
1,920
3,173
281,183
2,320
14,046
400
10,873
Total income from charitable activities
11.273
286,276
297,549
Prior period comparative:
2023
Total
Restricted Unrestricted
Poplar HARCA
East End Community Fund
Local authority grants
Non-local authority grants
Kings coronation grant
69,974
379,584
500
4,850
1,673
500
449,558
500
4,850
5,421
4,000
3,748
3,500
Total income from charitable activities
77,222
387,107
464,329
18

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
Income from other trading activities
2024
Total
2023
Total
Poplar Union hall hire
Ticket, bar and box Offi￿ income
45,323
37,926
35,529
30,126
Total income from other trading activities
83,249
65,655
All income from other trading activities was unrestricted in the current and prior year.
Income from investments
2024
Total
2023
Total
Mooring rental
64,613
23,055
All income from investments was unrestricted in the current and prior year.
Government grants
The charitable company receives government grants, defined as funding from London Borough
of Tower Hamlets to fund charitable activities. The total value of such grants in the period ending
31 March 2024 was £2.320 (2023" £4.850). There are no unfulfilled conditions or contingencies
attaching to these grants.
19

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
8. Total expenditure
Support and
govemance
costs
Raising
funds
Charitable
activities
2024 Total
Staff costs (note 11)
Rental costs
Office costs
Telephone, internet, IT & website
Insurance
Box office, spo￿1ght, project
consultancy
Staff training
Depreciation
Publicity
Grants payable (note 10)
Accountancy
Legal and professional fees
Moorings
13,176
199,814
11,563
7,090
19,344
1.341
13,343
226,333
11,563
7,090
19,344
1,341
111,604
111,604
1,284
484
3,689
770
30,850
40,390
13,535
1,284
2.175
1.514
770
30,850
40,390
13,535
Sub-total
28,886
353,524
85,867
468,277
Allocation of support and
governance costs
5,312
80,555
85,867
Total expenditure
34.198
434,079
468,277
Total governance costs were £3,450 (2023.. £3,300).
20

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
8. Total expenditure {continued)
Prior period comparative
Support and
govemance
costs
Raising
funds
Charitable
activities
2023 Total
Staff costs (note 11 }
Outing, events and activities,
entertainment
Transport and travel
Rental costs
Office costs
Telephone, internet, IT & website
Insurance
Box office, spotlight, project
consultancy
Depreciation
Publicity
Grants payable (note 10)
Accountancy
Legal and professional fees
Moorings
23,555
223,972
3,313
250,840
332
944
10,000
4,255
24,355
1,264
332
944
10,000
4,435
24,355
1,264
180
121.259
476
3,257
530
121,259
476
3,257
530
33,361
35,629
3,719
33,361
35,629
3,719
Sub-total
27,274
390,644
72,483
490,401
Allocation of support and
governance costs
6,898
65,585
72,483
Total expenditure
34,172
456,229
490,401
21

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
9. Net movement in funds
This is stated after charging-
2024
2023
Depreciation
Operating lease payments
Trustees, remuneration
Trustees, reimbursed expenses
Independent examiner's remuneration (excluding VAT)..
Independent examination
Payroll services
484
1,563
476
1,563
3,450
957
3,300
10. Grants payable
During the year, 1 {2023'. 1) new grant was awarded to individuals for gardening work within
Tower Hamlets.
Total grants committed to during the year were as follows..
2024
2023
Grants payable to individuals
770
530
Allocation of support costs to grant making activities is given in note 8.
11. Staff costs and numbers
Staff costs were as follows..
2024
2023
Salaries and wages
Social security costs
Pension costs
Freelancers
198,455
8,687
2,806
16,385
239,300
10,081
1,459
226,333
250,840
Included in staff costs above is £5,738 of redundancy payments (2023: nil).
No employee earned more than £60,000 during the year.
The key management personnel of the charitable company comprise the Trustees and the
Programme Manager. The totsl employee benefits of the key management personnel were
£29,122 (2023: £33,127).
22

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
11. Staff costs and numbers (continued)
2024
2023
No.
Average head count
11.00
12.00
12. Taxation
The charity is exempt from corporats'on tax as all its income is charitable and is applied for
charitable purposes.
13. Tangible fixed assets
Office equipment
Cost
At 1 April 2023
Additions
Disposals
2.769
800
1,918
At 31 March 2024
1,651
Depreciation
At 1 April 2023
Charge for the year
On disposals
2.486
484
1,918
At 31 March 2024
1.052
Net book value
At 31 March 2024
599
At 31 March 2023
283
14. Investment property
The mooring on the north side of Limehouse Cut be￿een Upper North Street and Watts Grove is
an investment property as it is held to generate rental income. It is therefore carried at its fair
value. In the year ended 31 March 2024 the fair value of the mooring is deemed to be its cost due
to the proximity to the purchase date, and as such there has been no formal valuation in the
current period.
2024
2023
Market value at 1 April 2023
Additions at cost
230,531
9,618
144,891
85,640
Investment property valuation at 31 March 2024
240.149
230,531
23

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
15. Debtors
2024
2023
Trade debtors
Prepayments
Other debtors
28,531
3,321
21,437
43,370
3,080
16,437
53,289
62,887
16. Creditors: amounts due within 1 year
2024
2023
Trade creditors
Accruals
Other creditors
9,436
11,116
3,183
10,759
9,037
3,316
23,735
23,112
17. Analysis of net assets between funds
Restricted
funds
Designated
fijnds
General
funds
Total funds
Tangible fixed assets
Investment properties
Current assets
Current liabilities
599
240,149
89,502
(23,735)
599
240,149
202,307
(23.735)
12,805
100,000
Net assets at 31 March 2024
12,805
100,000
306.515
419.320
Prior period comparative
Restricted
funds
Designated
funds
General
funds
Totsl funds
Tangible fixed assets
Investment properties
Current assets
Current liabilities
283
230,531
120,684
(23,112)
283
230,531
224,184
(23,1121
3,500
100,000
Net assets at 31 March 2023
3,500
100,000
328,386
431,886
24

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
18. Movements in funds
Transfers
between At 31 March
funds
2024
At 1 April
2023
Income Expenditure
Restricted funds
East End community fund
3,500
11,273
1,968
12,805
Total restricted funds
3.500
11,273
1,968
12,805
Unrestricted funds
Designated funds..
Improvement fund
3 month reserve
30.000
70,000
30,000
70,000
Total designated funds
100,000
100,000
General funds
328,386
444,438
466,309
306,515
Total unrestricted funds
428,386
466,309
406,515
Total funds
431,886
455,711
468,277
419,320
Purposes of restricted funds
East End community fund Community programme for the local residents.
Purposes of designated funds
Improvement fund
Reserves for the future improvement of premises and IT equipment.
3 month reserve
The expected future costs that would be required in the event of
winding up the charity.
25

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2024
18. Movements in funds (continued)
Prior period comparative
Transfers
be￿een At 31 March
funds
2023
At 1 April
2022
Income Expenditure
Restricted funds
Historic restricted funds
Poplar HARCA
Garden grant
East End community fund
C(FOP Picnic Sponsorship
9,512
(9,512)
69,974
(69,974)
(530)
530
3,500
3,748
3,500
3,748
Total restricted funds
10,042
77,222
74,252
9,512
3,500
Unrestricted funds
Designated funds."
Mooring fund
Improvement fund
3 month reserve
209,206
30,000
70,000
(209,206)
30,000
70,000
Total designated funds
309,206
(209,206)
100,000
General funds
40,000
485,817
416,149
218,718
328,386
Total unrestricted funds
349,206
485,817
416,149
9,512
428,386
Total funds
359,248
563,039
(490,401)
431,886
19. Operating lease commitments
The charity had operating leases at the year end with total future minimum lease payments as
follows=
2024
2023
Amount falling due..
Within 1 year
Within 1 5 years
Due in more than 5 years
7,812
84,375
368,750
1,563
67,187
393,750
460,937
462,500
20. Related party transactions
There were no related paty transactions in the current or prior period.
26