Company no. 06092664
Charity no. 1122590
Lincoln Area Regeneration Group
Report and Unaudited Financial
Statements
31 March 2025

Lincoln Area Regeneration Group
Reference and administrative details
For the
ear ended 31 March 2025
Company number
06092664
Charity number
1122590
Registered office and
operational address
Poplar Union
2 Cotall Street
London
E14 6TL
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..
Safia Jama
Brian Searle
Helal Ahmed
Mohammed Alom
David Black
Asim lftikhar
Caroline Millar
Cheryl Ndione
Christine Searle MBE
Thomas Viegas
Chair
Vice-chair
Treasurer
Appointed 28 February 2025
Resigned 25 April 2025
Appointed 25 April 2025
Appointed 28 February 2025
Senior management team
Momtaz Begum
Company secretary
Naseem Kadir
Bankers
HSBC Bank PLC
59- 61 The Mall
Stratford
London
E15 1XF
Independent
examiners
Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
The trustees present their report along with the financial statements of the charity for the year ended
31 March 2025.
Reference and administrative information set out on page 1 fomis 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).
Ob'ectives and Activities
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 previously concentrated our efforts in the
Bow and Poplar area of East London (our origins), we manage an arts and community centre, Poplar
Union (the base for one of our satellite offi￿s). continues to succeed in providing high quality cultural
and community focused events in an area where historically there have been no local community
provisions. We have expanded out work to include a brand-new street market running weekly to
support local entrepreneurship.
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 soci(Feconomic opportunity 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 Servi￿ 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"
Support local residents in gaining emplo￿ent, training or embark 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 spa￿S to local
communities.,
General promotion of the local area and its residents as a desirable, friendly and inclusive area to
live, work, socialise and play- and
Management of the Cotall Street Market, a weekly arts and food market running throughout the
year. Launched in May 2025.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
Po
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 plattorm 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-east Tower Hamlets as a vibrant and enticing cultural destination with
events ranging from theatre, music, dance, health and wellbeing and interactive workshops lo larger
scale festivals. Poplar Union continues to grow from strength to strength, with numbers of attendees
increasing on a monthly basis and over 3000 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
wodd music. Poplar Union also channels LARG'S objectives surrounding improving the wellbeing of
local residents through a highly successful 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 (formedy 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 varwng sizes, it also means the community has access
to a beautiful and accessible Spa￿ for celebratory events, parties and even weddings at flexible and
competitive prices, providing another Sour￿ of income for LARG.
Moo Canoes
Having entered into a service level agreement with M(x) Canoes in 2017, many joint ventures have
been successfully delivered in the past year, including working 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 spaces 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 2025
The Power to Chan
Lincoln Area Regeneration Group in partnership with 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 Bartletl Park. LARG continues to develop this project and is now delivering a new pontoon on the
Limehouse Cut, between the Limehouse Basin & Bow Creek in the heart of Poplar E14. Additionally,
service arrangements have been agreed with the 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 completed in December 2022 and has created betler access to the
canal side for local residents and a new village green encompassing the community hub, the park
and the canal. Power to Change awarded them a £240,391 grant so LARG can build a pontoon with
ten moorings. The income generated from each mooring will help fund LARG'S activities. Canal
tenants will also give in kind support to the local community and help improve the sometimes-unsafe
towpath with their constant presence. With a safer, more ac￿Ssible canal. LARG will create a
dynamic waterfront. delivering volunteering. water sport and educational activities.
Events
LARG continues to run a variety of activities focused on arts and culture, wellbeing. education and the
environment.
Black Histo
and Culture
We host an annual festival called BLX: Black legacy exchange to ￿lebrate the rich diversity of our
community of residents and artists. A month full of activities from film screenings to panel discussion,
dance and music. Enjoyed by over 500 local people each year.
Po
lar Picnic
Our annual community festival, bringing together all our partners to showcase 2 day full of fun and
entertainment. This is also a chance to showcase all the talent within our partners and artists, from
Sadler's Wells dance classes to spoken word poetry. We have a total of 2000 visitors at this year's
event.
Arts for Health
We offer regular fitness and creative arts classes designed to support vulnerable members of our
community. Delivered through a mix of self-referrals and referrals from healthcare practitioners. our
year-round Arts for Health programme helps individuals living with mental or physical health
challenges. We see approx. 3000 individuals over the year.
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 praCti￿S, movement
and sound. Poplar Union took over the project from Craft Central in February 2024. A tolal of 15
workshops were held, with a live music show and exhibition.
Goes 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 colours of leaves and flowers onto fabric or paper.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
Stories We Tell.. Photo
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, men's
only and women's 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 space for each course to
display their work publicly in our café which for many local participants is the first time Ihey 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 networking 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.
Pontoon & Moorin
LARG has successfully implemented the plans to install a new pontoon on the Limehouse Cut which,
when completed in December 2022 will accommodate up to 10 narrowboats to encourage community
growth on the water. Residents will be encouraged to engage with LARG'S activities, volunteering to
contribute to the social. cultural and environmental landscape of Poplar.
Po
hts
Working to develop emerging artists, we have created a series of evening events to make access to
music and entertainment free to residents. Supporting by well-known reputable musicians and event
planners the programme offers a unique opportunity for cultural excellence in the community,
supporting social cohesion and reducing anti-social behaviour.
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 61 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 12 and
its financial position at 31 March 2025 is shown in the Balance Sheet on page 13.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
Poplar HARCA has continued to be a major funder in 2024-25. They have also continued to provide
premises and other facilities in kind including support to liaise with partner organisation and
fundraising infomiation. LARG has explored new areas of activity in the year and managed to secure
new funding in social prescribing and Mental Health programmes as well as Market development for
new businesses in the local area.
LARG has further investments and other trading income from Mooring Rentals, space hire, ticket
sales for evenls, 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 General Reserve equivalent to 8 weeks of
unrestricted annual expenditure, to meet unexpected costs or fluctuations in planned income. The
balance in the General Reserve at the end of the year was £246.289 and designated funds £40,000.
The trustees aim to increase the General Reserve equivalent to 3 months of unrestricted annual
expenditure over the next 3 years.
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.
structure, governance and management
Structure
The Lincoln Area Regeneration Group is a charitable organisation controlled by a board of trustees.
Governing Document - Memorandum and Articles of Association (for a charitable company)
Constitutional
ovemance
Lincoln Area Regeneration Group are governed by a board ratified constitutional document stipulating
parameters under which it operates,. these set of practices govern, influence and shape the direction
in which Lincoln Area Regeneration Group as an organisation is steered. Governance indices include
geographical location, (within Tower Hamlets), types of involvement, and areas of activities include
green spaces preservation and other predetemined agreed agendas, for example young people's
activities, event's management and so forth. For greater clarification please refer to Lincoln Area
Regeneration Group constitutional documenL

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
anisational structure
The Trustees who are also directors are actively involved in overseeing Lincoln Area Regeneration
Group s day to day operations as well as managing workloads delegated to a list of full-time staff,
bank work and sessional summer workers. The trustees undertake meetings 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 in compliance with
govemment pension regulations Lincoln Area Regeneration Group has ensured that all its paid
employees are now auto-enrolled in relation to the pension provisions. This means that upon signing
a contract of employment each employee is automatically enrolled into Lincoln Area Regeneration
Group'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 sites. Lincoln Area Regeneration Group's head office at Poplar
Union, 2 Cotall Street, 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. Lincoln
Area Regeneralion Group continues to benefit from subsidised Rent, IT Services, office costs and
other related charitable services to Lincoln Area Regeneration Group. This is in recognition that this
charitys work (Lincoln Area Regeneration Group) is in keeping with Poplar HARCA'S own charitable
purposes and that Lincoln Area Regeneration Group still needs support in its continued stages of
development and operations. however due to pressure on budgets and a greater emphasis on
accountability there are increasing demands for Lincoln Area Regeneration Group to be self-
sustaining and not be so reliant on Poplar HARCA resources. Lincoln Area Regeneration Group
intends to make rental payments to Poplar HARCA as its Landlord in the financial year 2025126.
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 Iself-financing sooner rather than
later. Despite this Lincoln Area Regeneration Group have still projected and propelled our business
initiatives, 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 independence away from Poplar HARCA. The overall 3°/.
reduction of rents payable by central government 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 lendering for
opportunities to support two community cafes.
Volunteers
Volunteers are the backbone of the chariWs operational network without whom the range and extent
of activities undertaken would be greatiy diminished. We continue to embark on a social media
campaigns and local marketing in the promotion of services, this has also enabled us to recruit a new
compliment of staff, volunteers and intems to assisl our management of Poplar Union.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
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, be￿een one AGM and the next the trustees may appoint any further person who is
willing and eligible to act as a trustee. 2023-2024 began a recruitment campaign to appoint new
trustees to the organisation, and this will continue into 2025-26.
statement of responsibilities of the trustees
The trustees (who are also directors of the charity for 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 Standards. including Financial Reporting Standard 102: The Financial
Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally
Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year, which give
a true and fair view of the state 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 practice
have been followed, subject to any material departures disclosed and explained in the financial
statements., and
prepare the financial statements 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 Ihe assets of the charity and hence for taking reasonable steps for the prevention and
detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable companYs website. Legislation in the United Kingdom
governing the preparation and dissemination of financial ststements may differ from legislation in
other jurisdictions.
Members of the charity guarantee to contribute an amount not exceeding £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.

Lincoln Area Regeneration Group
Report of the trustees
For the
ear ended 31 March 2025
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 20 November 2025 and signed on their behalf by
SJ
Safia Jama - Chair

Independent examinerfs report
To the trustees of
Lincoln Area Re
eneration Group
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 2025. which are set out on pages 12 to 27.
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 companys accounts as carried out under section 145 of the Charities
Act 2011 ('the 2011 Act,). In carying out my examination I have followed the Directions given by the
Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
Since the charitable company's gross income exceeded £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 ServI￿S 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 confimi 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 accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102).
10

Independent examinerfs report
To the trustees of
Lincoln Area Re
eneration Group
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.
Date: 8 December 2025
Robert Wilson FCA
Member of Ihe ICAEW
For and on behalf of..
Godfrey Wilson Limited
Chartered accountants and statutory auditors
5th Floor Mariner House
62 Prince Street
Bristol
BS14QD

Lincoln Area Regeneration Group
Statement of financial activities (incorporating an income and expenditu￿ account)
For the
ear ended 31 March 2025
2025
Total
2024
Total
Restricted Unrestricted
Note
Income from:
Donations
Charitable activities
Other trading activities
Investment income
other income
10,590
221,188
117.175
39.780
1,853
10,590
227,350
117,175
39,780
1,853
10.300
297,549
83,249
64,613
6.162
Total income
6,162
390.586
396,748
455,711
Expenditure on:
Raising funds
Charitable activities
79,761
431,051
79,761
446,874
34,198
434,079
15,823
Total expenditure
15,823
510,812
526,635
468,277
Net expenditure
9,661
(120,226)
129,887
12,566
Net movement in funds
(9,661) (120,226) (129,887)
(12,566)
Reconciliation of funds:
Total funds brought forward
12,805
406,515
419,320
431,886
Total funds carried forward
3,144
286,289
289,433
419,320
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.
12

Lincoln Area Regeneration Group
Balance sheet
As at 31 March 2025
2025
2024
Note
Fixed assets
Tangible assets
Investment property
13
14
1,223
240,149
599
240,149
241,372
240,748
Current assets
Debtors
Cash at bank and in hand
15
42,340
30.653
53,289
149,018
72,993
202,307
Liabilities
Creditors= amounts falling due within 1 year
16
(24.932)
(23,735)
Net current assets
48,061
178,572
Net assets
17
289,433
419,320
Funds
Restricted funds
Unrestricted funds
Designated funds
General funds
18
3,144
12,805
40,000
246,289
100,000
306,515
Total charity funds
289,433
419,320
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. and that no member or members have requested an audit pursuant to section 476 of the
Act.
The directors acknowledge their responsibilities 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 otherwise comply with the
requirements of the Act relating to financial statements. 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 20 November 2025 and signed on their behalf by
Safia Jama - Chair
13

Lincoln Area Regeneration Group
statement of cash flows
For the
ear ended 31 March 2025
2025
2024
Cash used in operating activities:
Net movement in funds
(129,887)
(12,566)
Adjustments for:
Depreciation charges
Dividends, interest and rents from investments
Decrease in debtors
Increase in creditors
475
(39,780)
10,949
1,197
(64.613)
9,598
623
Net cash used in operating activities
157,046
66.474
Cash flows from investing activities:
Dividends, interest and rents from investments
Purchase of tangible fixed assets
Purchase of investments
39,780
(1,099)
64,613
(800)
9,618
Net cash provided by investing activities
38,681
54,195
Decrease in cash and cash equivalents in the year
(118,365)
(12,279)
Cash and cash equivalents at the beginning of the year
149,018
161,297
Cash and cash equivalents at the end of the year
30,653
149,018
The charity has not provided an analysis of changes in net debt as it does not have any long term
financing arrangements.
14

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Accounting policies
a) Basis of preparation and general inforniation
Lincoln Area Regeneration Group is a charitable company limited by guarantee registered in
England and Wales. The registered office address is Poplar Union, 2 Cotall Street, London, E14
6TL.
The financial statements have been prepared in accordance with Accounting and Reporting by
Charities.. Statement of Recommended Practice applicable to charities in preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland {FRS 102) (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
otherwise 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 Un￿rtaIntieS about the charitys ability to continue
as a going concern.
c) Income
Income is recognised when the charity has entitlement to the funds, any performance 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 govemment and other grants, whether 'capital' grants or 'revenue' grants, is
recognised when the charity has entl￿ement 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 services have been provided.
d) Donated services and facilities
Donated professional services 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 accordan￿ with the Charities SORP (FRS 102), general
volunteer time is not recognised.
On receipt, 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.,
corresponding amount is then recognised in expenditure in the period of receipt.
15

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Accounting policies (continued)
e) Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the charity- this is nomially upon notification of the interest paid or payable by the
bank.
fj 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 charitls 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 party, 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. Governance costs are the costs associated with the governance
arrangements of the charity. including the costs of complwng with constitutional and statutory
requirements and any costs associated with the strategic management of the charity's activities.
These costs have been allocated be￿een cost of raising funds and expenditure on charitable
activities based on the proportion of staff time occupied by each activity as follows..
2025
2024
Raising funds
Charitable activities
13.811/0
86.2 1.
93.80/0
j) 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 eX￿edS £500.
16

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Accounting policies (continued)
k) Investment property
Investment properties are boat moorings held by LARG to eam rental income.
Investment property is initially measured at cost, including transaction costs. Investment property
is subsequently 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 face 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.
n) 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
nomally 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 settiement value with the exception of bank loans
which are subsequendy 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.
17

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Accounting policies (continued)
s) Accounting estimates and key judgements
In the application of the chariws 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 undedying 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 sources 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 1 k above.
Prior period comparatives: statement of financial activities
2024
Total
Restricted Unrestricted
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
11,273
Total income
11,273
444,438
455,711
Expenditure on:
Raising funds
Charitable activities
34,198
432,111
34,198
434,079
1,968
Total expenditure
1.968
466,309
468,277
Net income l (expenditure) and net
movement in funds
21,871
12,566
18

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Income from donations
2025
Totsl
2024
Total
Donations
Gifts in kind"
590
10,000
300
10.000
Total income from donations
10,590
10.300
"Gifts in kind relate to free use of the community ￿ntre.
All income from donations was unrestricted in the current and prior year.
Income from charitable activities
2025
Total
Restricted Unrestricted
Grants
Poplar HARCA
Local authority grants
Non-local authority grants
221,188
221,188
400
4,162
400
4,162
Contracts
Black History Month events
1.600
1,600
Total income from charitable activities
6.162
221,188
227,350
Prior period comparative:
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
19

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
Income from other trading activities
2025
Totsl
2024
Total
Ticket, bar and box office income
Poplar Union hall hire
Income recharge
56.135
46,254
14,786
37,926
45,323
Total income from other trading activities
117,175
83,249
All income from other trading activities was unrestricted in the current and prior year.
Income from investments
2025
Total
2024
Total
Mooring renlal
Interest received
39,776
64,613
39,780
64,613
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 2025 was £2.000 (2024: £2.320). There are no unfulfilled conditions or contingencies
attaching to these grants.
20

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
8. Total expenditure
Support and
governance
costs
Raising
funds
Charitable
activities
2025 Total
Staff costs {note 11)
Box office, spotlight, project
consultsncy
Moorings
Accountancy
OfFice costs
Legal & professional fees
Rental costs
Telephone, internet. IT & website
Publicity
Insurance
Staff training
Depreciation
Grants payable (note 10)
35,879
224.512
27,901
288,292
103.186
103,186
30,846
30,595
19,105
18,466
17,812
11,514
4,144
1.240
600
475
360
30,846
30,595
19.105
18,466
17,812
11.514
1.795
1.240
2,349
600
475
360
Sub-total
69,074
379,999
77,562
526,635
Allocation of support and
governance costs
10,687
66,875
77,562
Total expenditure
79.761
446,874
526,635
Total governan￿ costs were £3,600 (2024: £3.450).
21

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
8. Total expenditure (continued)
Prior period comparative
Support and
governance
costs
Raising
funds
Charitable
activities
2024 Total
Staff costs (note 11)
Box office, spotlight, project
consultsncy
Legal & professional fees
Accountancy
Telephone, internet. IT & website
Moorings
Rental costs
Office costs
Publicity
Insurance
Staff training
Grants payable (note 10)
Depreciation
13,176
199.814
13,343
226,333
111.604
111,604
40,390
30,850
19,344
13,535
11,563
7,090
3,689
1,341
1,284
770
484
40,390
30,850
19.344
13,535
11,563
7.090
1.514
1.341
2,175
1,284
770
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
22

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
9. Net movement in funds
This is stated after charging:
2025
2024
Depreciation
Operating lease payments
Trustees. remuneration
Trustees, reimbursed expenses
Independent examiner's remuneration (excluding VAT)-
Independent examination
Payroll services
475
7,812
484
1,563
3,600
900
3,450
957
10. Grants payable
During the year, there were no new grants awarded to individuals. In the prior year, 1 grant was
awarded to an individual for gardening work within Tower Hamlets.
Total grants committed to during the year were as follows:
2025
2024
Grants payable to individuals
360
770
11. Staff costs and numbers
Staff costs were as follows..
2025
2024
Salaries and wages
Social security costs
Pension costs
Freelancers
266,294
18,039
3,959
198,455
8,687
2,806
16,385
288,292
226,333
There are no redundancy payments induded in staff costs this year {2024: £5,738).
No employee earned more than £60,000 during the year.
The key management personnel of the charitable company comprise the Trustees and the Chief
Executive Officer. The total employee benefits of the key management personnel were £53,264
(2024: £29,122).
23

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
11. Staff costs and numbers (continued)
2025
2024
Average head count
12.50
11.00
12. Taxation
The charity is exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
13. Tangible fixed assets
Office equipment
Cost
At 1 April 2024
Additions
Disposals
1,651
1,099
851
At 31 March 2025
1,899
Depreciation
At 1 April 2024
Charge for the year
On disposals
1,052
475
851
At 31 March 2025
676
Net book value
At 31 March 2025
1,223
At 31 March 2024
599
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 2025 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.
2025
2024
Market value at 1 April 2024
Additions at cost
240,149
230,531
9,618
Investment property valuation at 31 March 2025
240,149
240,149
24

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
15. Debtors
2025
2024
Trade debtors
Prepayments
Other debtors
35,601
1,739
5,000
28,531
3,321
21,437
42,340
53,289
16. Creditors: amounts due within 1 year
2025
2024
Trade creditors
Accruals
Other creditors
14,653
6,734
3,545
9,436
11,116
3,183
24,932
23,735
17. Analysis of net assets between funds
Restricted
funds
Designated
funds
General
funds Total funds
Tangible fixed assets
Investment properties
Current assets
Current liabilities
1,223
240.149
29,849
(24.932)
1,223
240,149
72,993
24,932
3.144
40.000
Net assets at 31 March 2025
3.144
40,000
246,289
289,433
Prior period comparative
Restricted
funds
Designated
funds
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
25

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
18. Movements in funds
Transfers
be￿een At 31 March
funds
2025
At 1 April
2024
Income Expenditure
Restricted funds
East End community fund
Queen Mary
University of London
12,805
4,321
(13,982)
3,144
1,841
Total restricted funds
12,805
6,162
(15,823)
3,144
Unrestricted funds
Designated funds..
Improvement fund
3 month reserve
30,000
70,000
(30,000)
30,000
40,000
Total designated funds
100,000
(60,000)
40,000
General funds
306,515
390,586
450,812
246,289
Total unrestricted funds
406,515
390,586
(510,812
286,289
Total funds
419,320
396,748
{526,635)
289,433
Purposes of restricted funds
East End community fund Community programme for the local residents.
Queen Mary
University of London
These funds are ring-fenced for charitable activities in relation to a
specific project for internships.
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.
26

Lincoln Area Regeneration Group
Notes to the financial statements
For the
ear ended 31 March 2025
18. Movements in funds (continued)
Prior period comparative
Transfers
be￿een 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
19. Operating lease commitments
The charity had operating leases at the year end with total future minimum lease payments as
follows=
2025
2024
Amount falling due..
Within 1 year
Within 1- 5 years
Due in more than 5 years
14,062
95,313
343,750
7,812
84,375
368,750
453,125
460,937
20. Related party transactions
There were no related party transactions in the current or prior period.
27