REcisfERED COMPANY hlJMBER: iM490634 (England and Wales)
REGTSTERED CHARrrY NUMBER: 1128394
REPORT OF THE TRu￿EE5 AND
F]NANCIAL STATEMENTS FOR THE YKAR ENDED 31 MARCH 2025
FOR
ocropvs COMMUNITY IYETWORK LIMITED
Prestons & Jacksons Parthership LLP
364- 368 Cranbrook Road
Ilford
IG2 6HY

O￿OPUs COMMUNITY F4ETWORK LIMITED
CO￿E￿s OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Page
Ch#tr's Report
Treasurtr'i Reprt
Report of tbe Tr4rte
3 to 7
IDdep¢nd¢nt Eumlner's Re￿rt
Statement of Fln*Del*l Aetmtkj
9 to 10
ststement of Flll•n¢l•l PNItIo
Notrs ¢0 ¢be FlnA¥el#l Sl*lemeDts
13 ty 24
Det*lled S¢*temei¢ of FI￿￿¢1*1 A¢tlYlde4
25 10 27

OCTOPUS COMMUNITY IYETWORK LIMTTED
CHAIR'S REPORT
FOR THE YEAR EIWED 31 MARCB 2025
A Ye•r of Coll*bor*tlon *Md IM￿rt
This year has been defined by bold partner5hip5 and me4ningful progTe5$ toward ¢rndi¢8tiJ)g pov¢rty aftd
tackling th¢ ¢lim*¢ em¢rgen¢y. Through ¢ross se¢lor Collaborations on projects such &8 Wature
Neighbourhood$'. a four natton project led by the National Trus( RSPB, World Wildlife Foundation. along
with the C&op. and 'Fed and Suprrt)rted' in collaboration with Islin￿on Council. Voluntary Action Islington.
Help on Your Doorstep and Manor Garde￿5 Welfare TrusL we strengthened our conviclion that Systemic
change arises when IcKal government, business, civil society. and communities unite behind shared goals.
Our continued work with naiional organisations such as Communily Organisers, and the emerging Humanity
Project our focus remains on bringing people together to tske action around their CA)mmon concerns.
Through focused capacity butldin& we have CO￿lnUed to promote the value and importonce of community
c¢ntr¢s as frontline organisalions that are abl¢ lo design and d¢liv¢r I￿allY driv¢TJ 501ution$ al Scale. Our
work in 2024125 demonstrates ihal when seclors collaborate str8t¢gi¢ally* they unlwk r￿OUrCe￿
¢xp¢rtis¢. and inllu¢n¢e lo transfomi lives and IwJds¢ap¢$.
FIDanel*l Strnrdshlp •Dd Govern*n¢e
We maintsined a strong governance frameworL ensuring 89 pcr¢¢nt of ow ¢xFnditw¢ w¢m dir¢¢tly lo
programmes and capacily building. Our audited accounis. 8PPD)ved by an in&pendent examiner, reflecl
prudent risk managemeni and iranspareni rew)rtin& We continue to strengthen our financial controls lo
susiain growth without compromising ac¢ountsbility.
LooklDI Ahead: Vljloll 2025126
Building on our momentum, we will:
l. Expand capacity building to Stre*n our tollectivt fctus on tatkling social inj￿tIce$, prioritising
communilies most facing unfair treatment.
2. Continue to focLLS on ￿celerating le&knhip, embedding resilience and peer-rnentoring structures lo
ensure that community centres remain as anchor or8anisations.
3. Scale thr¢e flagship ¢ross•sector partnerships into network-wide Frogromm¢s, wilh 18r8¢ts to re&h
greater number of vulnerable and marginalised hoLL8eholds.
4. Continue to incubate community-led solutions at th¢ inlersection of poverty aileviation and climate
resilience.
5. Deepen ￿l1¢Y engagement to se¢ure long-terni public invutment in wmmunity-led development.
Gratltude and Acknowledgements
l extend heartfelt thanks lo our trustee& mff. volunteeTS. ¢very parther who shared our vision. Your
expertise. passion. and g¢nernsity have pw¢red this joum¢y. To our donors And fundets. your ixlief in
¢ollaboration and our work towards systemic change has been the catatyst for real progress. Together. we are
proving th* when we build ¢apa¢ity xross sectors.
Finaily, I would like to the Opp￿lty 10 thank Julie and Rosie for all their hard worl passion and
dedi¢ation to continue to make the nelwork thrive and grow in th¢s¢ very ch￿]en8]llg times.
That& you from all of us........
Page I

O￿OPUs COMMUNITY NETWORK LIMITED
TREASURER'S REPORT
FOR ThE YEAR ENDED 31 MARCH 2025
Fill*nclal Oyervlew
In 2024125 we deliver¢d strong financial results while suslaining our focus on capacity ￿lIdIng and systemic
change. Total income lowered slightly as some multiyear Projects were fi￿11$ed, however new funding
enabled us to expand ¢urr¢nl prOgran￿e5 even as we maintained prudent cost controls. £20k h&8 been
defetred to 25126 and accounls rec¢ivable has been cleattd of an old invoice as bad debt (£8750). We ended
t￿ year wilh a modest surplus. reiof(ring our resffv&8 and readiness lo med firture challenge5.
- Closing reserves stand at £l13.487. equivalent to JU￿ over four montlks of current operatir4 Costs.
- Our targ¢l is to maintsin r¢s¢rves covering 250A of yearly exp¢ThlituYe to ensure resilience againsi funding
fluctuations. while monTioring any increas¢s in costs.
. We conducted a ¢Ompre1w￿Ive risk &sse&8menL UFrflating our financial risk register to reflect currency
exposure. funding dependency. and programme delivery U￿t￿Inties.
Flnanthl CoDtroi8 and Compll*D¢¢
We upheld the highest stsndards of finAnciai governance thTOU8h:
. Regular ith review of man88em¢nt a￿o￿nts and c8shflow fore¢*￿$.
- Segregation of duties across authorisation, payment processin& and re¢onciliation,
- Annual ¢xterna] audit wilh an unqualifjed opinion from our indep￿￿1¢￿1 examiner.
- Adherence io charity reporting regulations and donor Testricttons.
Outlook 2025126
We will ¢ontinue to closely monitor our fjnancial risks within the current climAl¢, and aim to maintAin our
reserves lo cover 25Yo of CUTrent yearly exp¢nditure. For the next financial year, we aim for income growth
of10 percent through multi.year partherships and diversified revenue streams. Key priorities include:
l. Reviewing our reserves px)li¢y mid-year lo align with evolving risk profile8.
2. Continue to review our p￿tIce in line with the ChaTity Governan￿ Code lo ensure responsible and
effective practice.
These Me￿ureS will ensure we conlinue to siipport leadership and ￿lIlence across our network while
safeguarding financial stabillty.
l exiend my gratitud¢ to the finance te4m. our independenl examineT5. and all funders whose tru￿ and
support underpin our work. To8ether. we will build on this solid foundation to driv¢ transformative ch0n8¢
in the year Ohead.
Page 2

O￿OPUs COMMUNITY NETWORK LIMrrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
The trustees who are also directors of the charity for the purp(w of the Companies Act 20(￿, present their
report with the fmancial ￿aternents of the charity for the yev ended 31 March 2025. The trustees have
dopted the provisions of Accounting and Reporting by Charities: Statrment of Recommended Practice
applicable lo charities PTepariDg th¢ir xcounts in Kcordance with the Financial Re￿)rtIng Standard
applicable in the UK aThl Republic of Ireland (FRS 102) {effective l January 2019).
0￿￿CTIVEs AND ACTIVITIES
Oetopus ij an infrajtruetsre Ind e*pAeity bnildinz eh*rity. Our objectives A￿."
To promote for th¢ b¢n¢fii of the inhabithnts of Greater London by &ssoci&ting th¢ local authorities.
voluntary organis&tion4 other agencies. and the inhabitants in a common effort to advan￿ ¢du¢alion and to
PTovide facilities for the interests of social welfare, for the recreation and leisurethtime 0￿U￿tIOn with the
object of improving the conditions of life of ihe said Inhabitsn￿ and th¢ promotion of Ihe voluntary sector
for the benefit of the public.
The Network $h•r¢s five key 8oab:
l. Engage: those who le&J and develop inde￿￿1¢nI mulii-purpose o)mmunity ¢entres and hub5 in order to
share lessons learned and proven P￿tiCe.
2. IftLspire'. a new approa¢h to eommunity-led development by slwin8 ide4 thinking bigp Staying PQSitive,
and k¢eping An open door.
3. M￿lY&le. change by constantly and Consi￿entlY reviewin8 what we do so thai we ¢an demonstral¢ impact.
. Equip.. those resporL8ible for community-led d¢v¢lopment wilh the skills, know-how and values to incre
community participation and foster strong, sustsinabl¢ communiiies.
5. Support.. Ihe on-going development of community l¢adership by facililating routes to a Tange of expenise
and peeT-to*eer support.
Publle btneflt
The Tr￿st￿S confirn) that they have ¢omplied wilh the duty in section 4 of the Charities Act 2011 to have
due regard to publi¢ b¢n¢fit 8uidance published by the Commission in detern)ining the activities undertaken
by the Charity.
Page 3

OCTOPUS cOM￿lUN]Ty NETWORK LIMrrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
ACHIEVEMKNfs AND PERFORMANCE
Charitable activities
Our Approach to Systemic Change
Ow model centres on three interlinked pillars:
- Crotysector collalM)ration:
We ¢ollaboral¢d on brokering alliances b¢tw¢en local authorities. national chaTiti¢s, and th¢ local voluntary
seclor on programmes targeting underserved ￿m￿)UnitieS.
- Capacity building:
We Iklivered tailored learniD8 and development in forniing collaborations to &hieve greaier outcomes and
key results through collal)orations and joint projects. community leadership and $ustain4bl¢ pr¥ti¢u.
equipping over 14 community centres to lead their own initiativ¢s.
- tnlluencin8 Systems:
By partiCiPgtin8 in and ￿nVenIng multi-stakeholder me¢tin8s roundtable4 we surfaced barriers, such as
funding regime ¢hange fuels competition rnther than collaboratiofy and cL￿desi￿¢d policy
recommendations wilh decision-makers.
This holistic framework erkqures th81 our we and ow ¢ollaLx)r•tors own the solutions, while our network
grows the potential to accelerate repli¢ation a￿1 scale.
Hlghllgbts of the Ye•r
Launched the Fed and Supported, pilol project in Colla￿rntiOn with Islington Council, Voluntary Action
151in8ton, Help on Your fh)oNep, and Manor Gardens Welfare Tn￿1 to infomi a shift in fi)od system
traAsformation and systemi¢ change through place-based irnetventions. Taking the on Creating and
r￿llitating a Corntnunity of Pra¢li¢e &s & means for shared learnin& improved practice longer-tern)
suslainability of Community fo(￿ provision ¢.g. exploiing new models of approach such as'food ladders,.
Implemented a Cfrdesl￿ed OKR D￿hbOard for ihe Network to strengtrm ¢ollaborntion within ihe
Network* providing a shared pltytfomi for trackin& planning and delivering ¢o11oborative and joint-projects.
- Implemented a programme of work io investigate and Teport on pay and PAY scale diff¢rentia15 b¢twttn
the statutory (local authority) and voluntary sector.
- Cfrdelivered 57x c￿st of Living events. with 361 residents attending. benefitting h0￿ChOld5 of ￿ I￿t 648
people. or those attendin& 73•/• were from dhnicaily diverse b￿kground$, and 70% who were aged 55+.
Across all evenl5. 880/0 of atteThlees r¢wied feeling ￿ery, or 'quite' ¢on¢erned at￿1 the cost of living. At
each evenL those allending r¢¢eive at le&st five types of supp)rL
- Pr￿a¢lIVe]Y pyrt]¢ip￿cd in several fonjms. advisory knards and leadership groups to shape practice and
policy within the VCSFE and stsiu¢ory s¢ctc(. undertaking a review of the Jsliiigton Compact 10 Set the
foundation for ¢ross4e¢tor working.
. Embarked uwn a new ¢ollaiM)rntson with Community OrgawseTS Ltd and the Humanity Projecl to create
assembly culture within communities through the pjwerful aci of listenin& and for a bortom-up, people-led
approach.
Page 4

ocropus COMMUNTTY NETWORK LIMITED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
- Embarked u￿n a new colla1￿tion with Islington Council and the National Th￿1 io explor¢ the Nitential
of a longer-tsrn] relationship, emeTging from Nature NeighbOurh￿￿ts aThl all8￿d to the Nationa] Trusvs new
strategy, and Nature Toww and Cilics.
- Launch¢d the 'Utv¢ling Food, project in collaboration with Milthnay Community Centre and the North
London Community Fund. creating two new comFK)5ting hubs in the borough ond encouraging residents to
shift mindsets to UF6ycle food waste. to improve soil for communities io ¢ome logether to grow food.
ca￿ Stsdy: Nxtllre Ne*hbourhoodJ
Nalure Neighbourh￿)d$ is a four-nation project led by the National T￿￿1. RSPB, World Wildlife Foundation
and the Co-op. Underpitmed by the People's Plon for Nature and supported by Islinglon Council. a
mmunity-led Nature Neighbourhoods Han is being cfrcreated to bring alxiut lasting change to
neighbourhood greenin& b1(￿1verS11Y Jnd ¢limate Mitigatio￿ So far. our project in Islington h&8 achieved
the followin8'.
- Food Grown by and for the Community: 285.7k8 food growm sNviDg477kg C02. equivalent to 3994
meals.
- Land reclaimed and used to incr¢os¢ urban b1￿41ver$iry.' 1456.7m4 of land used ￿rOsS three newly
created Nature Anchors- communiry ￿talYSts in heal and flood risk neighbourhoods.
- Treepits and 0￿hards. creating three new orchards and a rAecklac¢ of tr¢¢pits across the neighbourhood to
rme¢t nature destinations.
- Ilpcycling and Redu¢1￿ Food Waste: creation of three new community ¢omposlin8 siles. tronsforming
850k8 of food waste into 61)0 litr¢s of fertile compost.
- Nature Walks.. 9 wple ITOirtedlertgaged as Walk Lthlers, ¢￿desIgning 16 unique nature and hea]th based
walking routes for people with different capabilities.
- Environmental Conversations: 77 people engaged in wid¢ rar¢gin8 community conversations io co4reate
neightrt)urtwod plan for nature and people.
Case Stsdy: Fed #nd Supported
The 'Fed and Supported. pilot project a collaborntion between Voluntary Action ISlingtO￿ Help on Your
Doorstep and Manor Gardens Welfare TnL8t. A yearlong proje¢L njnning from June 2024 to May 2025, the
project fo¢￿￿ed on systemic change in th¢ fwj systems, working with food aid providers acTOSS the borough.
O¢topus' role in the project w&8 to facilitAte a Community of Practice for shared learnin& and conversations
abo￿ more susiainable models for food provision. The Community of Praciice worked together to desi￿
Siandards Framewo￿ and Charter. to be sharwj with provid¢r5 across the borough. ensuring an approach is
adopi¢d thai 5ecure5 a high level of 5eTrice for all those receiving food aid in the borough. Octopus also
delivered a series of Ci)mmunity Organising workshops with food provision volunteers and staff. enabling
them lo embed the approach into their provision. Throughout the workshops, participants were giving the
opportunity to devise pilot project proposals. with sm411 pols of funding available for participanls to deliver
these projects wiihin their food provision. Within the short pilot projecL Fed and support￿ has achieved the
following:
- The creation of the Islington Fr￿ Providers Stsndards Framework and two charters. for internal arxl
external use by the borough'5 food provision.
- 6 Community Organising workshops deliverf pl￿ an online learning programme. for those involved in
f(MMI provi510￿ with ail proving positive feedback and sharing that W will embed the approach into their
work.
- 5 pilot projects delivere¢ including listening ¢ampaigTh% skills building workshops shared community
mea]s.
- Over 1.000 residents Teached through the pilot proje¢ts.
- 15 local residents trained &8 bilingual navigalork
Page 5

OCTOPUS COMMUNrrY I¥ETWORK LIMrrED
REPORT OF THE TRUSTEES
FOR THE YEAR EYJ DED 31 MARCH 2025
- Over 190 knus¢holds with language barriers hew to acce55 loca] services.
- Over 300 residents using food provision supported to a¢¢ess wrap around services
- 40 residents r¢f¢tt¢d to voluntttring roles within food provision.
FllYANCIAL REVIEW
Tr*DsAetions and FiD*Tr¢i*l poiition
During Ihe year the chariry met its expendilure of £322,509 (2023: £401,815) through a combination of
grants. fees for services provided, donations from individuals and from reserves brought forward from the
previous year. The chaTity has ¢arri¢d forward reserves of £172.586 (2023: £232.556) of which £57.504
(2023.. £109,577) is re3triCted. The trw81￿$ are gratefill to the fimders and tndividuals for their continued
support.
Availability and #deq￿ry of *M¢ts olt*ch oftbe fDnds
The board of trustees IS 5ati5fi¢d the ¢harity's assets in each fund are available and adequate to fulfil its
obligallo￿$ in respect of e&h fimd.
Reservej poliry
The trustees are reviewing the rewv&% policy for the charity. Their aim is to have six months wi)rth of
overheads as gerKral r¢s¢rvcJ.
STRUCTURE. GOVKRNANCE AND MAI¥ACEMENr
Governing doellment
The charity is ¢ontrolled by its governin8 do¢umenL a rntmoJ8ndum of articles and 8ssoclation and
incorporation ¢ertifi¢at¢ and constr1t￿eS a limited ￿npany, limited by guarantee. as defin￿ by the
Companies Act 2006.
Website:
REFERENCE AND ADMINI￿RATIVE DETAII
Regis¢ered Comp*ny numbtr
04490634 (England and Wales)
Reglstered Charlty numb¢r
1128394
Reg￿tered offJ¢e
129 St Jolul's Way
1s1ington
London
N19 3RQ
Page 6

O￿oPUs COmhJu￿ NETWORK LL￿rrED
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 MARCH 2025
Th151e
The Trustees and Dlrtttors who serY¢d th¢ eommmnlty d•ring Ihe )￿r ended 31st MaT¢h 2025 •s
At the d8t* #re #ppr•v¢d:
Mr Paul F¥rL¢
Mrs Irene Winier
Mr Colln F Adirns
Mr5 Elaine Diiyn MDffren
Mr Adam T•ylor Parr
Ms Teeno M Phillips
Mr Pairick Hetv> Radcliffe
In￿*pe￿dOht ExAml•tr
Patel BA{Hons) FCA.BkP
PreAorts & JacksoTU Plrtnership LLP
364- 368 CTrthook Road
Ilford
Eskx
102 6HY
.Q.3lill ZS
Apprned by wderofihe b￿rd oftrys*es on...
siwKd M Its betrolf by..
PaÉe 7

INDEPEI%DENT EXAMINER'S REPORT TO THE TRUSTELS OF
OCTOPUS COMMuNTfY IYETWORK IJMrfKD
IndepeDd¢nt eJ•miDer'8 f¢iKlrt to the trusteu of Octopms Community Network Llmlted {'Ihe
Company.)
I re￿rt to the ¢harity on my examination of the xcounts of the Company f4Jr the year eThded
31 March 2025.
Re4p0481bUIt1¢8 of report
As the charity's trustees of the Company (and also its di￿1￿r$ for the Purposes of company law) you are
responsible for the preparation of th¢ accounts in 8K¢Ord￿ with the r¢quiTments of the Companies Act
2(X16 (lhe 2006 A¢t').
Having 5ati5fied myself thai the a¢¢ounts of the COMI￿Y are not r¢qw¢d to be wdited under Part 16 of the
2(106 Act and are eligible foT indepertdeni examinatiorn I in respect of my examination of your
charity's %counis as carried Section 145 of the Charities Act 2011 (the 2011 A¢V). In canying ou¢
my examIn￿10n I have followed the Directions given by the Charity Commission under Section 145(5) (b)
of the 2011 Aci.
IT1d*￿ndeDt exam1￿¢￿,8 •t#tem¢Dt
I have Completed my examin￿10n. l Confirm thal matkrs bave come to my artenlion in ¢onnectson with
the examination giving me cause io believe:
accounting records were not kept in respect of the Company as required by Section 386 of the 21>)6
ACL. or
the ￿￿ntS do not a¢cord with those rxords: or
the accounts do not comply with the 4ccouniin8 requirements of Section 396 of ihe 2006 Act oth¢r
than any requirement thal the wcounts give 4 and fair view which is not a matter ¢on5idered
part of an independenl ex¥rninalion' or
the a¢counts have nth been prepwed in accorda￿¢ with the metPK)ds and priJKiples of the Statemenl
of Recommend¢d Practice for accounting and repyting by charities (applicable to charities preparin8
their accounis in ￿(Ord&r￿e wilh the Financial R¢portin8 Standard appli¢able in the UK and Republic
of Ireland (FRS 102)).
I have no c4)nceff6 and have ¢ome across no other matters in wnne¢tion with thc examinalion to which
attention should be drawn in this rel￿ in ordtt to enable a pn)per understanding of the accounts io be
reached.
11
Anw¢r Patel BA(Hony) FcA￿FP
Prestons & Jacksons Partnership LLP
364- 368 Cranbrook Road
Ilford
Essex
IG2 6HY
Page 8

ocropus COMMUNTfY1¥4ETWORK LIMrrED
STATEMEiYf OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.323
Tot81
fllnds
31.3.24
Total
funds
Unreslricied Restricted
funds
Notes
INCOME FROM
Grants
42,483
A9S181
237,664
262.539
Investtnent income
900
To¢*1
43J83
EXPENDfTURE ON
Bad Debi
&750
8,750
Ch*rltAbl* *ctlYltles
LBI VCS Core
LBI Andover Jnspircs
LBI Estates Growing and Comrnunity Plant
Nursery
Elizabeth House BlaCkst￿k Tn
City B Tidge Foundation, Brid8in8 Divides
Climate Action Fund
Breaihe
l$lington Council, Highbury (A￿dran1
Gardens
Royal Menc&p S￿iety
Warni Spaces
Voluntary Action Islin8ton, IA)cal
W¢llb¢ing Networks
Packington
Cost of Living Events
Commissions
DigiGuide
LIF Winter Festival
Nature Neighbourhoods
Bloornin Gardeners
Highbury Grove
Soil fwd
SWLW Cont
Cosi of Living Resideni v0￿herS
Tufnell Park Woodland Garden
Fed and Supponed
Up¢y¢ling Fiiod
Peabody
CAl¢donihn Park
Golden Lane
LIF - Branching Out
Sussex Close
Boston and Nailour
36228
36328
109
48.754
11.431
4109
11.971
11,971
22,546
,777
47,840
10.189
8,053
31,616
31,616
3,835
2,571
78.700
1,655
1,655
803
14.241
3391
13,578
23.534
4,990
538
705
491
6.345
14,241
3291
891
17,8J3
127
10209
17013
127
10209
.074
15.1)00
10.917
2.530
985
3,956
41,441
30,D68
320
985
3,956
41.441
30.068
3211
5.91MI
755
36
1418
4068
755
36
2,418
The notes forn) part of these fmancial statements
Page 9

ocropus COMMUNITY NETWORK LIMITED
STATEME￿ OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.323
Total
funds
31.3.24
Total
funds
Unrestricted Restricted
funds
fund
Notes
LIF- Highbury Grove Winter F¢stival
Tyndale fvtansions
St Luke GaTdening Hub
493
756
493
756
Total
191
236
3 322 509
NET INCOMEI(EXPENDfnJRE)
(1,59S>
1ffi91
(59,970)
RECONCILIATION OF FUNDS
Total funds brought forward
115,082
57304
172¥6
232.556
TOTAL FUNDS CARRIED FORWARD
174
172586
The nole5 forni part of these financial statements
Page 10

OCTOPUS COMMUNrrY NETWORK LIMITED
STATEMENT OF FINANCIAL POSITION
31 MARCH 2025
31J.25
31.3.24
Noles
FIXED ASSETS
Tan8ible assets
12
3rt98
4.433
CURREiYf ASSETS
Debiors
Cash at bank
13
3(1,978
23,563
159,316
21JW6
182,879
CREDITORS
Amounts falling due within one year
14
{41.107)
(14.726)
NET cl1RR￿ A￿ETs
170 779
168 153
TOTAL ASSETS LESS CURRENT
LIABILITIES
174377
172,586
NET ASSETS
16
Unrestricted fvnds
R¢stri¢l¢d fimds
113.487
115,082
TOTAL FUNDS
174
172 586
The charitsbl¢ company is entitled to exemption from audil under Section 477 of the Companies Act 2006
for the year eThled 31 March 2025.
The menjbers hav¢ not required the ¢(mp￿Y to obtsin an audit of its fmancial ststements for the year ended
31 March 2025 in ￿¢Ordance with Section 476 of the ComF>anies Act 2006.
The trustee5 acknowl￿ge their responsibilities f
(a) c￿8uTing that Ihe ch￿itable company keeps *¢OUrfin8 records comply with SedioLs 386 and 387
of the Companies A¢t 2(K16 and
O)) preparing financial ststements which give a and fair viww of the stste of affairs of the charitsble
ompany as at the end of each financial year of its swplus or deficii for each financial year in
accordance with the Tequirements of Sections 394 4Th] 395 and which othenvise comply with the
requirements of the Companies Act 2006 relating to fina￿1￿1 statement& so far appli¢able lo the
charitable company.
The notes fonn PArt of these financial statements
Pagell
continued...

ocropus COhIMUm￿ NETWORK LIMITED
STATEMENT OF FTh'ANCIAL POSITION- conllllued
31 MARLII IU25
Tl*% fin•ncial Stalen￿￿5 have been ￿PIed in with ihe wi$ion% ¥ppliable io ¢lwiiable
companie5 Subje￿ lo th¢ gnall companles re8im
al slaiem¢nts approvd by Bc•rd of Tnb*e5 WKI a￿￿15¢d fér ISS￿ 4m
aThJ sipRd N its behlf by:
Truste¢
rroLEor:
E.TJ. (Yknlfv
.rbir¢okni., fii, p(l￿ Kr2
The noles form ￿ ofthese fin￿¢1#[ stat¢mcnts
Page 12

OCTOPUS COMMUNITY IYETWORK LIMITED
NOTLS TO THE FINANCIAL sfATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
Accou￿riNG POLICIES
Basss of prep*rlllg Iht flts*n¢tsl sts¢¢ments abd *Js¢Mment of going ¢oneern
The financial statements of the charitable company. which is a public benefit entity under FRS 102,
have been prepared in xcordance with the Charities SORP ￿Rs 102) 'A¢¢ounting and Reporting by
Chuities: Sialement of Recommended Practice applicable io chariti¢s preporing th¢ir a¢¢ounls in
a¢¢ordance with the FiDancial Reporling Stsndard applicable in the UK and Republic of Ireland (FRS
102) (effective l January 2019),. Financial Reporting Standard 102 The Financial Reportin£ Standard
applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements
have been prepared under the historical cost convention.
The trustecs ￿nSIder that th¢r¢ are no matcriai uncertsinties about the charity's abiliiy lo continue &8 a
going concern.
In¢ome
All in¢ome is r￿o￿lS¢d ID the Stal¢ment of Financial A¢tivities once the charity has entiiletnent lo
the fund& it is probable that the irKome wiu be received and the am0￿1 be measlred r¢liably.
DonatioThs are recognised when Ik Clwity been notified in writing of both the amount and
settlement dAl¢. In the eveni that 8 donation is subject to ¢ondition$ that require a level of perforn)ance
before the charity is entitled to the funds. the income is deferred and nol r¢w8nis¢d until either those
conditions are fully meL or the fulfilmem of those Condilion is wholly within the control of the charity
and is probable that ih05e conditio￿* will be fulfilled in the rep)rting period.
Eipendlturt and Irreeover•bl* vat
Liabilities are re¢ognised as expenditure &g soort as there is a legal or ¢onsDvctive obligation
committing the charity to ihal expenditure, it 15 probable that a Irdn5fer of ecimomic benefiis will be
r¢quired in settlement and the amounl of the obligalion can be measured reliably. ExF¢ndilure is
Counted for on an a¢crua15 basis and h&8 been ¢I￿sIfied under headings that aggregate 811 cost
relaied io the category. Where costs cannot be directly 2￿ibuted io particular headings they have been
allocated io activities on a b&si$ ¢onsistent with the use of resources.
Irre¢ovcrable VAT is charged as a cost against the activity for which the expenditure incurred.
T*nglble tlxed *uets
Tangible fixed &ssets are ststed at histi)ric8J wst less a￿U[nUlated depreciation a￿1 any accurnulated
impairnie￿ losses. Ilistori￿1 ¢ost i￿lUdeS expxnditure that is directly attributsble to bringing ihe
asse¢ to the lo¢atirn 8nd ¢ondition ne¢essary for li to be capable of operating in the manner intended
by monagem¢nt.
Deprecialion is charged so as to allocate thc cost of wets l¢ss I1￿1r residual va]ue over their estimaied
useful lives. using either a straight lin¢ or red￿]ng balance Meth￿￿. &8 indicated below.
D¢pre¢iation 1$ provided on the following bA8iS:
Plant and mathin¢ry- 20% on reducing balance
Computer equipments - 25% on redu¢ing balance
The assets, residual values, usefjjl lives and depreciation methods are reviewed. and adjusted
prospectively Af appropriate. or Af there is an iTrJi￿ti0n of a significant change since ihe189t reporting
date.
Page 13
continued...

OCTOPUS COMMUNITY NETWORK LIMtrED
NOTES TO THE FINANCIAL STATEMENTS - COD¢inued
FOR THE YEAR ENDED 31 MARCH 2025
AccouNfiNC POLICIES. coAtiDu¢d
Th¢ ¢harity is ¢x¢mpt from corporation tsx on its chwitsble artivitie
FuDd *t¢ountlDi
Unrestricted funds can be used in ￿¢￿dance with the clwitable obj￿tiveS at the discTetion of the
R¢stricted funds can only be used for Iwticul8T Testrictrd pul￿Se5 within the objects of the chariiy.
Restrictions arise when specified by the dL￿￿r or when funds are raised for particular restricted
purpose&
Further exp18nation of natUTe and pwpo5e of eath fund is included in the notes to the financi
ststements.
D¢bto
Basi¢ fllMncia] assets, including trade and other debtors, are initi￿lY Te¢ognised at transaction pri¢e,
unless the arrangement constitutes a fuwKing tra￿￿tiOn, where the tr4nsa¢tion is measured at the
present value of the future receipts discounied al a market rate of interest.such assets are subs¢quently
C4rri¢d * 8mortis¢d cost using the effective int¢r¢st method. less any impairmeni.
Credltorl
Basi¢ f￿ancIal liabilitie& including trade and other creditors. loans from third partie5 and loans from
related parties, gr¢ initially recognised ￿ trw]sa¢tion pri¢e, unless the arrangemeni constitutes
financing transaction, where the debt i￿truMent is m¢&sured at the present vuiue of th¢ future
payments discount¢d at a market rate of interest. Such instruments are subsequently ¢arried at
amortised Cost usin8 the effedive interest Meth￿1. less any impai￿Cnt.
FID*ndAI InJtrum¢mts
The Charity only as financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basi¢ fin8ncio1 instruments are iniiially recogni￿ at tr8nsaction value aftd subsequethly
measur¢d Al Iheir xttl¢ment value.
Goln% ¢oncerD
The ¢harity undertakes on various ways io manage and to s¢cute future funding. The trustees are
confident that they would hav¢ suffKient funding to ¢ontinue operating &8 a 8oin8 con¢ern.
It is for this reason the ￿count$ have been prepAred on a going corKern bo5iS.
Pag¢ 14
continued...

OCTOPUS COMMUNITY NETWORK LIMITED
NOTES TO THE FINANCIAL sTATEmE￿S- continued
FOR THE YEAR ENDED 31 MARCH 2025
GRANTS
31J25
31.3.24
3,183
LBI VCS Core
Miscellaneous Income
City Bridge Foundatio￿ Bridging Divides
LBI Housing & Strategy Boston & Nailour
LBI Loul Initiatives Fund
Sussex Close
151ington Council, Community Growing strthgy- Packin8ton
Estste
Islington Council, Greenspa¢e aTrJ Leisure
Islington Council-warm Spaces
Islington Council, Community Plant Nwsery & Estale GTowing
St Lukes Gardening Club
Eli74b¢th Hol￿ Blackstock TnLSt
North London W￿e Authority. North London Community Fund
Royal Mencap Society
Islington Council- Parks
Voluntary A¢iion Islington. Local W¢llbeing Networks
Easi L¢)ndon Business Allian¢e, CO￿ of Livi￿. Resident
Vouchers
Fed & Supported
CommissioA%
Islington Council, Commmity Wealth Buildin8
The National Trust
Culture Mile BID
40.000
.747
32,315
18J75
[￿0
1,087
2231
860
23.940
180
77.700
10.000
10,000
3,978
8,777
7,500
243
2,031
14,826
50,0
18,01)0
4,000
25,000
920
53,470
4042
IS278
6350
12,500
INVESTMENT INCOME
31.3.25
31.3.24
Deposit ￿Ount interest
Page 15
continued...

OCTOPUS COMNfUP41TY1¥4ETWORK LIMITED
NOTES TO THE FINANCIAL STATEMETh . continmed
FOR THE YEAR ENDED 31 MARCH 2025
RAISING FUNDS
Otb¢r trldlng actiYititJ
31J.25
31.3.24
Bad debts
750
CHARITABLE AcrivrnES COSTS
Support
¢os¢s (se¢
note 6)
Dirxt
Costs
Totals
LBI VCS Core
LBI Andover Inspires
LBI Estates Growing and
Community Plant Nursery
City Bridge Foundation, Bridging
Divides
Voluntary Action Islin8tofy Local
Wellbeing NetWQTks
Packington
Cost of Living Events
Commissions
LIF Winter F¢stival
Nature Neighbourhoods
Bloomin Gardenets
Highbury Grove
Cost of Living Residenl VoucheT5
Tufn¢ll Park Woodland Garden
Fed and Supported
Up¢y¢ling Ffft
Peabody
Caledonian Park
Golden Lane
LIF - Brn￿hIn8 Out
Sussex Close
Boston and Nailour
LIF- Highbury Grov¢ Winter
Festival
Tyndal¢ Maw8iOA8
Si Luke Gard¢ning Hub
40,636
4109
(4.408)
36,228
4.109
10,471
11.971
2V72
4.744
31.616
1.655
1,655
13,543
2,861
891
13813
127
&453
698
430
14241
3391
891
17,813
127
10209
1.7
985
587
6290
3J69
35,151
30,068
320
4,704
755
36
2,104
3.768
3,956
41,441
30,068
320
5,900
755
36
2,418
068
314
493
756
493
756
210 935
Page 16
continued...

ocropus COMMUNITY NETWORK LIMITED
NOTES TO THE FINANCIAL STATEMElWtS - contitiued
FOR THE YEAR ENDED 31 MARCH 202S
SUPPORT cO￿s
Governance
osts
Management Finance
Other
Totals
LBI VCS Core
LBI Estates Growing and
Community Plant
Nursery
City Brid8c Founthio
Bridging Divides
Cost of Living Events
Commissions
Nature Neighl)ourhood5
Highbury Grove
Cost of Living Resident
Vou¢heTs
Tufnell Park Woodland
Garden
Fed and Supported
Caledonian P
Sussex Close
Boston and Nailo
St Luke Gardening Hub
9,742
{17.730)
3￿20
(4,408)
1.500
4744
698
430
2,000
1,756
4,744
698
430
1.756
985
587
587
6290
381
1,196
314
31)0
796
314
Joo
796
NET INCOMEI(EXPENDITURE)
N¢t 1n¢om¢l(¢xrw￿1Iure) is stated after Chargin￿(CreditIng).
31J25
31.3.24
Depreciation- owned &8sets
Indetthdent Examiners Fees
693
1,173
Pag¢ 17
continued...

OCTOPUS COMMUNITY NETWORK LIMrrED
NOTES TO THE FINANCIAL STATEMENTS - eontiAued
FOR THE YEAR ENDED 31 MARCH 2025
TRUSTEES, REMUNEIL4TION AIW BENEFrrs
There were no tn￿e¢s. remuneration or other benefits for the year en¢kd 31 M￿h 2025 nor for the
year ended 31 March 2024.
Truitrtj, ¢￿￿
There were no lrttstees. expenses paid f￿ the year ended 31 March 2025 nor for th¢ ended
31 March 2024.
STAFF cO￿s
31.3.25
31.3.24
w￿eS and salaries
Oiher pension costs
133J24
5,141
161.881
167437
The average monthly numb¢r of employees during the y¢4T W&% as follows:
31.3.25
31.3.24
Charilabl¢ Artivities
No ¢mploye¢s received emolthnents in ¢xc¢ss of £60.000.
10. COMPARATI￿ FOR THE STATEMENT OF FINANCIAL AcfiviTIES FOR YEAR
31J.21ll4
Unrestricted Restricted
funds
fund
Total
funds
INCOME FROM
Grants
221.682
EXPENDITURE ON
Ch*rlt*blt aetftvltles
LBI VCS Cor¢
LBI Andover Inspires
LBI Esiates Growing and Community
Plant Nursery
Elizabeth Hous¢ Blackstock TTU5t
City Bridg¢ Foundatio￿ Bridging Divides
Clim￿¢ Action Fu￿1
Bre￿h¢
Islin8ton Co￿￿11. Highbury Q￿lTallI
Gardens
Royal Mencap Society
W8rn1 Spaces
48.754
48.754
11,431
11,431
22.546
.777
47.840
10,189
8.053
22,546
.777
47,840
10,189
,053
3,835
2.571
78.700
3.835
2,571
78.700
Page 18
continued...

OCTOPUS COMMUNITY NETWORK LIMfrED
NOTES TO THE FINANCIAL STATEMENI3- eontinoed
FOR THE YEAR ENDED 31 MARCH 2025
10. CoL￿PARATIVEs FOR THE sfATEMEI¥T OF FINANCIAL A￿1vr[JEs FOR YEAR
31J.2024- contlnued
Unrestricted Restricted
funds
fund
Total
funds
Voluntary Action IslingtO￿ L¢￿
Wellbeing Networks
Packington
Cost of Living Events
Commissions
Digifjuide
LIF Winter Festiv
N&￿re Neighbourhoods
Bloomin G8Tdeners
Highbury Grove
Soil F(NJd
SWLW Cont
Cost of Living Resident Vouchers
13.578
23.534
4.990
538
705
491
6.345
13,578
23,534
538
705
491
6.345
1.074
15.000
10,917
1.074
15,0(K)
10.917
Total
273 755
NET INCOMEI(EXPENDITURE)
{7,897)
{52.073)
(59.970)
RECONCILIATION OF FUNDS
Toiai fund5 iwught fon¥aYd
122,979
109.577
232.556
TOTAL IIUNDS CARIUED
FORWARD
115082
172 586
11. KEY MANAGEMENT PERSONNEL
The charity consider its key management pelsonnel clxnprised of the trustees.
Page 19
Continued...

O￿OPUs COMMUNITY NETWORK LIMfTED
NOTES TO THE FINANCIAL STATEMENTS- eonlitiued
FOR THE YEAR ENDED 31 MARCH 2025
12. TANGIBLE FIXED ASSETS
Plani and Computer
machinery equipment
Tolals
COST
At l April 2024
Additions
Disposals
23,672
Sm4
120
362
29￿56
120
362
At 31 March 2025
23.672
29J14
DEPRECIATION
At l April 2024
Charge for y¢ar
20207
693
4.916
25,123
693
Al 31 March 2025
NET BOOK VALUE
Al 31 March 2025
726
At 31 March 2024
968
DEBTORS: AMOUNTS FALLING DUE ￿THllN ONE YEAR
31.3.25
31.3.24
Trnde debtors
Cxher debtor5
29,148
21,563
Pagc 20
continued...

OCTOPUS COMMUNITY NETWORK LIMITED
NOTES TO THE FINANCIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
14. CREDITOKS: AMouNfs FALLINC DUE wrrHIN ONE YEAR
31.3.25
31.3.24
Trade creditors
Social security and otheT tsxcs
Other cr¢ditors
Deferred incotne
Accrued expenses
14.602
652
1.951
20.0(KI
314
417
iO.O(Ml
15. ANALYSIS OF NET ASSETS BETWEEN VUNDS
31.325
Total
funds
31.3.24
Total
funds
Unrcstri¢led Restricted
fund5
fund
Fixed assets
Curreni assels
Current liabilities
3,498
I46,￿7
36,998)
3,498
211,886
4,433
182,879
174
77 172586
16. MOVEMENT IN FUNDS
N¢t
movement
in funds
At
3113125
At 114124
UDreJtrkted fund•
General fund
115,082
{1.$95)
113,487
Res¢rl¢led fmn
Restricted funds
37J04
3386
60,790
TOTAL FUNDS
172
174
Page 21
eontinued...

O￿OPUs COMMUNfTY NETWORK LIMITED
NOTES TO THE FINANCIAL STATEMENfS . ¢ontinued
FOR THE YEAR ENDED 31 MARCH 2025
16. MOVEMENT IN FUNDS. Continned
Net movement in fuNts. included in the above are a5 follows:
Incorning Resources Movement
resouT¢es expended
in funds
UDre8tri¢t¢d [￿dS
General fund
43J83
(44,978)
(1￿95)
Restrkted fuDdJ
Re5tiicted fund5
195,181
(]91￿5)
3386
TOTAL FUNDS
1,691
Comparitivei for movemeD¢ In
Net
mov¢ment
in funds
At
3113124
Al 114123
Unrestricted fuDdJ
G¢nerd fund
122,979
(7,897)
115,082
Resttl¢ted fundj
Restricted fund$
109.577
{52,073)
57.504
TOTAL FUNDS
232 556
172 586
Comparative net movemem in funds, included in the abov¢ are follows:
Incoming Resources Movement
resources
expended
in funds
Unrutrleted fllids
General fund
40.857
{48.754)
(7.897)
Reytri¢ted
Restricted funds
221.682
(273.755)
(52,073)
TOTAL FUNDS
261539
321509)
59 970)
Page 22
continued...

O￿OPUs COMMiINTfY NETWORK LIMITED
NOTES TO THE FINAI¥CIAL STATEMENTS- continued
FOR THE YEAR ENDED 31 MARCH 2025
16. MOVEMENT IN FUN￿S- colltlllu
31.03.2025 31.03.2024
Ullrestrkied Fuftds
General fund
115 082
Restrlet¢d funds
LBI Andover Inspires
Boston and Nailour
Caledonian Park
LBI Local Initiative Fund- winter femival
COL Food
Golden Lane
LBI- C05t of Living Evenls
Commtssions
Highbury Grove
LIF - Branching Out
LIF- Highbury Grove
Na￿re Neigh￿urh1m)dS
lslin8ton Council, Community Plant Nursery & Estate Growing
Sussex Close
City Bridge Foundation. Bridgin8 Divides
Soil Food
Peabody
Packingt
Voluntary Action Islinglon. Local Well￿1ng Networks
Cost of Living Resident Vouchers
Islington Council, Bloomin, Gardeners
St Lukes Gardening Club
Tufnell Park WoodlaThl Garden
Tyndale Mansions
Upcycling Fotsd
1.637
1,933
2,102
5,747
369
12,027
4314
5,770
578
A95
<36)
72
4,810
1,176
305
2,7110
20.011
383
462
6,355
2.207
492
15,942
759
803
1,655
2,970
128
1,985
19,932
Totsl Rejtrleted Funth
LBI Andover Inspires.. This an estate wide plants 8rowin8 Proj￿ for the Andover and other estates.
Pag¢ 23
continued...

OCTOPUS COMMUNITY NETWORK LIMITED
NOTES TO THE FtNANCIAL STATEMENTS . ￿ntinUed
FOR THE YEAR ENDED 31 MARCH 2025
17. RELATED PARTY DISCLOSURES
As disclosed in the Truste￿ Repor¢ the trustee51 directOT5 of Octop￿$ Comrnunty Network Limited
are associated with other Community centre51 chariii¢s which benefit from collabo￿]ng with Octop
Community Network Limiled ond therefore these community centre￿ charili¢s are considered relat¢d
parties to OctOPU3 Commw]ity N¢hvork Limited. Totsi gTat)ts paid lo these UK network Tnembers w&8
£34.370 (2024 - £83.995)
A8. GRANT MAKING POLICY
Octopus acts as conduit for the organi12tion$ mentioJKd in the trustees rewt The relevant incorne is
apportioned between charbties on 8gr¢ed t¢rnis.
P8ge 24

ocropus COMMUNITY NETWORK LIMrrED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
31.3.24
INCOME
Grlnts
Donation5
LBI VCS Core
Miseellaneous Income
City Bridge Foundation, Bridging Divides
LBI Housing & Slralegy Boslon & Nailour
LBI Local Initiatives Fund
Sussex Close
Islington Council, Community Growing
Strategy - Packington Estate
Islington Council, Greenspace and Leisure
Islington Council-Warn] SFoce5
Islington Council. Community Plant
Nursery & Estate Growing
St Lukes Gardening Club
EliZab￿h House Blacksto¢k Trwt
North London W&4¢ Authorily, North
London Community Fund
Royal Mertcap Society
Islington Council- Community Wealth
Building
Voluntary Action Islington. Local
Wellbeing Networks
E&st London Business Alliance. Cost of
Living Resident Vouth rs
Fed & Supported
Commissions
Islington Council Community Pa rtnerships
The National Trust
Culture Mile BID
3,183
1.747
32.315
18J75
1.087
2231
860
23,940
180
77,700
iO,ODO
3.978
10.000
.777
50,WO
7.500
243
J8,000
2.031
14.826
4.000
25.000
920
$3,470
4842
15278
50
12,500
237,664
262,539
Invejtment IDcome
tkposit account inl¢rest
Total Incomlng resourtts
238,564
262,539
This page does not forn] part of the statutory financial statements
Page 25

OCTOPUS COMMUNITY NETWORK LIMITED
DETAILED grATEME￿ OF FINANCIAL A￿Iv[riEs
FOR THE YEAR ENDED 31 MARCH 2025
31.3.25
31.3.24
EXPENDITURE
Otb¢r ¢r*dlng •¢tlvities
Bad dekns
750
Cbarltsble *e¢lvltle8
Wages
Pensions
Insurance
Publicity
Local initiative fund
Rent
Materials
Event costs
Fr¢elance stsff
SIAff Travel & Meeting5
Volunt¢¢r expense5
AGM & annual report
Training & courses
Payments lo Nelwork PartnEr5
Siaff Welfar¢
Human Resource Costs
Room Hire ¢harges
Redundancy costs
133J24
&14]
1251
784
1,021
161,881
5.556
2,070
8,418
8,OlXI
13,201
4,670
3,610
445
403
13
1.400
83,995
399
4.437
11.768
4185
800
412
156
34J70
1,198
1,525
9.203
210.935
307,701
Support eojts
Managemen¢
Membership Fees
Payroll Cost
IT Support and Hardware
Deprec- Tangible Assets
500
4J07
SJ06
935
270
457
4,601
11,108
6.501
Flninee
Bank charges
347
Otber
Telephone
Postage and stationery
Sundries
2.175
291
34
1,863
463
968
3.294
This pag¢ does not fomi part of the statutory financial statem¢nt5
Page 26

OCTOPUS COMMUNITY NETWORK LIMITED
DETAILED STATEME￿ OF FINANCIAL ACTivrriES
FOR THE YEAR ENDED 31 MARCH 2025
31.325
31.3.24
Otber
GoverDADce costs
It￿ependent Examiners Fees
Book Keeping fees
2,640
880
2,640
2.026
Total resources expended
Net IDcomel(expenditllre)
59.970)
This page doe5 not form part of the statutory financia] statemeDts
Pagc 27