Company No. 07251141
Charity No. 1137143
Tower Hamlets Council for Voluntary Service Ltd
(A Company Limited by Guarantee)
Report and financial statements
For the year ended
31 March 2024

Contents page
Reference and administrative information
Trustees, annual report
2- 11
Independent examiner's report
12
Statement of financial activities
(incorporating an income and expenditure account)
13
Balan￿ sheet
14
Statement of cashflows
15
Notes to the financial statements
16-23

THCVS
Trustees, Report
For the year ended 31 March 2024
Reference and administrative infomiation
Company number:
Charity number:
07251141
1137143
Administrative Office:
London E2 9DA
Telephone:
Email:
Website:
Unit 3.10, The Green House, 244-254 Cambridge Heath Road,
0203 559 6696
info
thcvs.or
WV¥W.thcvs.org.uk
Trustees:
Haydor Ali {c￿Opted as Treasurer September 2023)
Danielle Cargill
Zoe Eccles
Eleanor Healy-Birt (Treasurer until May 2023, Chair from May 2023)
Chris Ley (VI￿ Chair until May 2023)
Taraash Gautaum (co-opted September 2023)
Shipon Miah
Jama Omar (appointed VI￿ Chair May 2023)
Mohammad Rahman (resigned April 2023)
Mike Smith (Chair until May 2023, Treasurer from May to Sept 2023)
Selina Uddin
Louisa Vickers-mills (resigned April 2023)
Chief Executive:
Vicky Scott
Independent examiner: Morlai Kargbo, FCCA
Moracle Limited, Chartered Certified Accountants &
Registered Auditors
960 Capability Green, Luton, LU13PE
Bankers
Unity Trust Bank PLC
Nine Brindley Place, Birmingham, B12HB
Pagel 1

THCVS
Trustees, Report
For the year ended 31 March 2024
TRUSTEES, REPORT
The Trustees of Tower Hamlets Council for Voluntary servi￿ (THCVS) are pleased to
present their report and financial statements for the year ended 31 st March 2024.
Trustees, who are also Directors under company law, confirm that the financial statements
comply with current statutory requirements. the Memorandum and Articles of Association
and the Statement of Recommended Practi￿ - Accounting and Reporting by Charities:
SORP applicable to charities preparing their accounts in accordance with FRS 102.
OUR AIMS AND OBJECTIVES
The activities of the Charity are determined by the Trustees in line with the Objects of the
Charity, which are..
To promote any charitable purposes for the benefit of the public, principally but not
exclusively in the local government area of Tower Hamlets and its environs (hereafter
called the "area of benefit") and, in particular, build the capacity of third sector
organisations and provide them with ne￿SSary support, information and services to
enable them to pursue or contribute to any charitable purposes.
To promote, organise and facilitate co-operation and partnership working between the third
sector, statutory and other relevant bodies in the achievement of the above purposes
within the area of benefit.
Principal activities
The principal activities of the Charity are to act as the 'umbrella' or resour￿ organisation
for the charities, community groups. voluntary organisations and social enterprises
operating in Tower Hamlets. We do this by: maintaining a broad membership of affiliated
and locally based community and faith groups, charities, voluntary enterprises that reflect
the make-up of local communities" advocating for and representing our membership and
the wider community of locally based third sector organisations and social groups on
strategic partnerships with statutory and other agencies. and providing a range of services
to support the setting up, running and development of member organisations, including
providing information, advice and practical support on a range of issues. For example,
securing funding, improving governance, management and creating partnerships.
Public benefit
We refer to the Charity Commission's general guidance on public benefit when reviewing
our aims and objectives and in planning the future activities of THCVS.
All our serdices fulfil the public benefit requirement and are provided for free to locally
based community and faith groups, charities, voluntary enterprises for the benefit of
individuals and communities across the London Borough of Tower Hamlets.
Page12

THCVS
Trustees, Report
For the year ended 31 March 2024
ACHIEVEMENTS AND PERFORMANCE
Our activities in 2023124
During this year, THCVS has undertaken a range of work to develop the voluntary sector
and support local organisations. Our main achievements are set out below.
Membership
At the end of March 2024 we had 467 members, an increase from 454 in March 2023. Of
these, 451 were community organisations and 16 were individual members. 54 % of our
members are small organisations with an annual turnover of less than £100.OOOpa.
Annual Turnover of Members
5%
15%
25%
During the year we worked with 124 voluntary and community groups and organisations
across a range of activities. These sessions were overwhelmingly focused upon
fundraising support in this financial year; partly due to our role in supporting organisations
to apply for the Mayor's Community Grants Programme. 79 % of support queries related to
funding.
Subject of Queries
publicity and promotion
Networking and Partnerships
(Xher
safe8uardin8
Governance
8usiness/project plannin8
getting started
0% Io% ?1)% 30% 40% $0% 60% 70% 80% 90%
Page13

THCVS
Trustees, Report
For the year ended 31 March 2024
One of THCVS'S suc￿SseS in the last few years has been to bring money into the sector
through working in partnership with other VCS organisations in projects such as
Cornerstone. Flourishing Communities and Neighbourhood Forums. This is important
because it supports other VCS organisations in a difficult funding environment.
PayTnent to VCS partners
£39),CO)
t1￿.C[l)
£11kJ.IXII
We strongly believe that the success and progress of our organisation has been
greatly influenced by THCVS, that we have grown to trust and depend on. We
have been receiving this support since the incorporation of our organisation and
we simply would not have been able to come as far as we have without THCVS.
We have received support in registering our organisation, setting up our domain
name, building our website, putting our policies in order, clarifying our purpose
and goals, identifying fvnding opportunities, writing funding applications, tracking
our impact, writing progress reports, and literally every aspect of running our
organisation. The most important part though, was that we have been receiving
moral support from all agents of THCVS. (THCVS member)
Alongside one to one casework support, we provide a regular bulletin going to over 1,700
members and website updates on funding opportunities, meet the funders events and
opportunities to participate.
State of the Sector
We re￿iVed pro-bono support from Superhighways and David Kane to analyse existing
data from the Charities Commission and 360 Giving, and combined this research with our
own members survey. The report was launched on 3 October at St Margaret's House,
which 39 people attended. The findings showed the stark position that many VCS groups
find themselves in, with 57 % having just one year funding maximum and 110/0 being close
to closure. Also of particular note was the analysis of VCS distribution across Tower
Hamlets, giving a ma
of the hot and cold s
ots where both numbers of VCS groups and
investment differ hugely. The full report can be read here.
Page14

THCVS
Trustees, Report
For the year ended 31 March 2024
How big are charities in Tower Hamlets?
by annual income
Number of charities
Under £IOk
Total income
Under £IOk
£IOk to £IOOk
£IOkto £IOOk
£IOOk to £500k
£IOOk to £500k
£500k to £liii
£500k to £liii
£lm to £IOm
£lm to £IOm
Over £IOm
Over £IOm
Securing the resources to be more resilient and sustainable
Over the course of this year our funding support has been dominated by the Tower
Hamlets Mayor's Community Grants Programme. Ofthe 92 groups we supported 29 were
successful in accessing funding from the Mayor's Community Grants Programme. These
29 groups secured an annual £1,062,020 across 42 projects.
We have continued to work to lever funding into the sector and used the results of our
State of the Sector re
Ort (2023) to show the precariousness of the situation that small
groups face within Tower Hamlets in order to influence decisions around resource
allocation.
Work in partnerships with each other and with other sectors to leverage in
resources and have a greater impact for residents
The Health Determinants Research Collaboration, in partnership with the local authority
and three local universities, has been raising awareness with residents and voluntary
sector organisations to prepare for the partnership to develop applications for research
funding that will both improve outcomes for residents and embed research into decision
making in the borough.
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THCVS
Trustees, Report
For the year ended 31 March 2024
THCVS has also worked with the Well Communities programme in the first stage of an
Arts and Health Research Collaborative. The programme focussed on engaging
communities, the voluntary sector and health care providers from across primary and
secondary care to develop a network of providers to strengthen the use of arts and
environment to improve health outcomes in the Old Ford area. This work is now linked into
the Communities Keeping Well programme to build on it and encourage stronger
partnerships.
The health and wellbeing steering group is a partnership of organisations collaborating to
support the sector to engage with the health care system. The partnership agrees the
format for the forum meetings to link the sector with the health and social care system. The
focus has been to better understand the health eco system and connect the voluntary and
community sector to opportunities.
Through the Connection Coalition we have worked with the public health team to develop
approaches to tackling loneliness in the borough. We supported the development of the
campaign 'Just Say Hello, to break down barriers and raise awareness of services for
residents across the borough.
Our CEO cfrchairs Cooperate, the cross-sector partnership with the Council's Cabinet
Member for the Voluntary Sector. She also attends the Tower Hamlets Partnership which
aims to provide residents with opportunities to shape, influence and inform the
development of the borough's main partnership plans.
We participated in the NEL VCSE Collaborative. a group of infrastructure organisations
across the North-East London Integrated Care System, with the aim of ensuring equitable
partnership with statutory health bodies across the area, shaping the design and delivery
of services for our diverse communities, tackling health inequalities, and supporting
residents to live longer in good health. The partnership has secured funding for a
Partnership Development Director who will be hosted by THCVS and who will coordinate
the VCSE Collaborative and seek out opportunities for the voluntary sector to work as part
of the integrated care system.
Strengthen the influence of disadvantsged and marginalised communities in local
decision making and planning
THCVS has continued to support voluntary and community groups to connect with the
public and private sectors and strengthen their representation in decision-making
structures for the development of key emerging programmes such as the Tower Hamlets
Health Determinants Research Collaboration, which will enable community voice in re-
defining the relationship with residents, with communities coproducing research priorities,
doing research, and designing interventions.
The stark inequalities experienced by communities through the pandemic and during the
ongoing recovery highlight the importance of involving disadvantaged and marginalised
communities in creating solutions through influencing system change. The two projects
funded through the National Lottery Communities Fund. Flourishing Communities and the
Page16

THCVS
Trustees, Report
For the year ended 31 March 2024
Cornerstone project, both strengthen a model of coproduction. involving community groups
and residents to work alongside statutory agencies to have a greater impact for residents.
The Cornerstone partnership is collaborating to address the approach taken by public
sector organisations to Equality Impact Assessments through developing a productive
working relationship resulting in improved communication and cooperation that is
instrumental in aligning the efforts towards our shared goals. The partnership has recruited
and supported a panel of residents who are collaborating with council officers to address
the intersectional issues involved in addressing residents needs in the development of the
violence against women and girls, strategy.
The Flourishing Communities project partners and THCVS are building a collaboration
between women from minoritized communities and primary and secondary care to address
the inequalities eXperIen￿d by women in ac￿SsIng sexual and reproductive health
seniices. The women have been developing an approach to improving health literacy in
partnership with the provider services and raising awareness in the community of cervical
screening and maternity ServI￿S and how to address the inequity experienced by women.
The project focus is on raising awareness and health literacy through culturally appropriate
community conversations and strengthening the women's voice to change approaches in
services.
THCVS coordinates the Equalities Hub, which provides a ￿ntral strategic focus,
responding to the community's needs and issues, and is vital to bringing about a more
coordinated approach to equalities in the borough. Equalities Hub meetings this year
included themes around digital inclusion. cost of living. community safety and employment
and opportunity.
The Disparities project of Black, Asian and Minorty Ethnic led community groups
continued to work alongside statutory health agencies to strengthen influencing to improve
outcomes for residents. The leaders contributed to THT meetings and Locality Health and
Wellbeing committees to profile the needs of the communities they represent. They
worked with the LBTH Black. Asian & Multi-Ethnic Inequality Lead to continue to address
the issues highlighted in the Ra￿ Commission Action plan. The partnership developed a
conversational approach with senior leaders to explore the issues of inequalities in the
system focussing on equity of aC￿ss, coproduction and funding approaches. The leaders
collaborated to deliver an event 'Silent Struggles, that further highlighted the issues and
explored solutions for change.
The Neighbourhood Forums pilot project launched in October 2023 and is aimed towards
supporting resident voice to influence priorities. decision making, and resour￿ allocation
at Primary Care Network level. This project is being delivered in partnership with local VCS
groups and is being externally evaluated with the aim of working towards rollout across the
entire borough.
Page17

THCVS
Trustees, Report
For the year ended 31 March 2024
THCVS staff and trustees have spent a number of months developing a new strategy in
consultation with all members and other stakeholders, to be launched in April. It will focus
on three objectives:
Strategic objective 1: Voluntary and community groups in Tower Hamlets will have a
stronger voice.
To achieve this we will:
Support voluntary and community groups to have a collective voice that influences
change positively
Help to ensure the diversity of voluntary and community groups is represented and
influential in local decision making
Act as a critical friend to statutory partners like the council and NHS, and create
opportunities for dialogue
Strategic objective 2: Voluntary and community groups in Tower Hamlets will have
access to the resources they need
To achieve this we will:
Support access to funding through free one to one fundraising advi￿, training and
opportunities
Create opportunities for collaboration including grassroots groups
Actively identify and help to secure income for local organisations
Strategic objective 4: Voluntary and community groups in Tower Hamlets will have
increased confidence, connections and skills
To achieve this we will:
Help voluntary and community groups to connect to each other and collaborate
Work with local voluntary and community groups to build their skills and resources
Create meaningful opportunities to collaborate with statutory and other local partners
Plans for the Future
2024 - 2025 will see THCVS launch and deliver its new strategy. We have plans to
cement and build on the support we offer VCS groups in Tower Hamlets through a training
and 1-1 support offer and through advocating on the sector's behalf. In particular we would
like to work intensively in some of the 'cold spots, in the borough and bring additional
money and resources into those areas. We have plans to advocate for more inclusive
grants funding in Tower Hamlets. We will also be working to secure long-term
sustainability by diversifying our income streams.
Page18

THCVS
Trustees, Report
For the year ended 31 March 2024
FINANCIAL REVIEW
During the year, total income was £972,362 (2022-23: £681,350) and total expenditure
was £887,657 (202-23: £616,930), resulting in a surplus of £84,705 (2022-23: £64,420),
of which £49,512 was in unrestricted funds.
In this year the London Borough of Tower Hamlets provided our core funding under a
restricted grant that was extended to October 2023. Outside of our core grant
funding, we continued to support voluntary and community groups to
engage with health ServI￿S under a contract with Tower Hamlets Together.
We also re￿iVed money through the Arts & Humanities Research Council to build a Well
Communities Research Consortium to address health disparities through Integrated Care
Systems.
We continued to receive a small amount of income from ad hoc small-scale projects (or
consultancy work).
As at the year-end, total bank and cash balances were £611,466 (2022-23: £283,831).
The unrestricted reserves were £216.733 (2022-23: £167,221).
Restricted reserves were £60,357 (2022-23: £25,164).
Page19

THCVS
Trustees, Report
For the year ended 31 March 2024
Managing Risk
The Charity's Trustees are responsible for managing risk, with relevant risks and
mitigations considered when taking decisions on proposals presented to the Board
Reserves policy
The Trustees have adopted a reserves policy taking into account the key risks facing the
organisation. Both cash flow and reserves are regularly monitored by the CEO and
Treasurer and updated to reflect a true representation of current operating costs at all
times.
Trustees have therefore agreed a policy of maintaining a minimum of unrestricted reser￿eS
of £70,000 to cover the risks ouuined above.
At the year-end, unrestricted reserves that were not designated amounted to £216,733
(2022-23: £147,221).
Going concern
The Trustees of THCVS understand and foresee that the charity has sufficient, easily
accessible reSoUr￿S available to meet all of its liabilities as they fall due and to continue to
meet them in the short to medium term.
STRUCTURE. GOVERNANCE AND MANAGEMENT
THCVS is a registered charity (1137143) and a company limited by guarantee (07251141).
Our governing documents are the Memorandum and Articles of Association, adopted on
the 12 April 2010. THCVS, articles of association allow for the charity to appoint between
five and 15 Trustees at any one time. A third of Trustees must stand down by rotation at
each Annual General Meeting and may be re-elected for a maximum of four further terms.
THCVS Trustees have continued to meet every two months to keep track of activities and
plan ahead. Meetings are held on an online and in-person basis. Trustees continue to
delegate the day-t(Fday management of the organisation to the Chief Executive Officer.
Related parties and relationships with other organisations
THCVS has one subsidiary company, THCVS Trading Ltd. There was no financial activity
within the subsidiary in 2023124, which also has a nil balance sheet. There were no other
related paty transactions during the year.
STATEMENT OF RESPONSIBILITIES OF THE TRUSTEES
The Trustees (who are also directors of charitable company for the purposes of company
law) are responsible for preparing the trustees, annual report and the financial statements
in accordance with applicable law and United Kingdom Accounting Standards (United
Kingdom Generally AC￿pted Accounting Practi￿).
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 charitable company and of the
incoming resources and application of reSoUr￿s, including the income and expenditure of
the charitable company for that period. In preparing these financial statements, the
Trustees are required to:
Select suitable accounting policies and then apply them consistently
Page110

THCVS
Trustees, Report
For the year ended 31 March 2024
Make judgements and estimates that are reasonable and prudent
State whether applicable UK Accounting Standards and statements of
recommended practice (SORP) have been followed, subject to any material
departures disclosed and explained in the financial statements
Prepare the financial statements on the going concern basis unless it is not
appropriate 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 charitable company and
enable them to ensure that the financial statements comply with the Companies Act 2006.
They are also responsible for safeguarding the assets of the charitable company 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 company's website.
Small company exemptions
For the year ending 3110312024 the Company was entitled to exemption from audit under
Section 477 of the Companies Act 2006 relating to small companies. THCVS members
have not required the company to obtain an audit in accordance with section 476 of the
Companies Act 2006.
Trustees recognise their responsibility for complying with the requirements of the Act with
respect to accounting records and for the preparation of accounts. These accounts have
been prepared in accordance with the provisions applicable to companies subject to the
small companies, regime.
Independent examiners
Moracle Limited was re-appointed as the independent examiners of the charitable
company during the year and have expressed their willingness to continue in that capacity.
The Trustees, annual report has been approved by the Trustees on 5 September 2024,
and signed on their behalf by:
Haydor Ali, Treasurer
Page111

THCVS
Trustees, Report
For the year ended 31 March 2024
I report to the charity trustees on my examination of the accounts of the Company for the
year ended 31 March 2024.
Responsibilities and basis of report
As the charity's trustees of the 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 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 your charity'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 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in
connection with the examination giving me cause to believe..
accounting records were not kept in respect of the Company as required by
section 386 of the 2006 Act" or
the accounts do not accord with those records. or
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
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).
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.
Morlai Kargbo, FCCA
Moracle Limited
Chartered Certified Accountants & Registered Auditors
960 Capability Green
Luton
LU13PE
5th September
. 2024
Page112

Tower Hamlets Council For Voluntary Service Ltd
Statement of Financial Activities (induding Income and Expenditure account)
For the year ended 31 March 2024
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Notes
Income and endowments from:
Charitable activities
To promote and train for public benefit
238,119
734,186
972,305
681,329
Investment income
57
57
21
Total income
238,176
734,186
972,362
681,350
Expenditure on:
Charitable activities
To promote and train for public benefit
188,664
698,993
887,657
616,930
Total expenditure
188,664
698,993
887,657
616,930
Net income l {expenditure) before
transfers
49,512
35,193
84,705
64,420
Net movement in funds
49,512
35,193
84,705
64,420
Reconciliation of funds:
Total funds brought forward at start of period
167,221
25,164
192,385
127,965
Total funds carried forward at end of period
216,733
60,357
277,090
192,385
The Statement of Financial Activities indudes all gains and losses recognised in the year.
The attached notes form part of these financial statements.
Pa

Tower Hamlets Council For Voluntary Service Ltd
Balance sheet
As at 31 March 2024
Company no. 07251141
2024
2023
Notes
Fixed assets
Tangible assets
2,878
4, 938
Current assets
Debtors
Cash at bank and in hand
10
38,945
611,466
143,316
283, 831
650,411
427,147
Liabilities
Creditors:
amounts falling due within one year
11
(376,199)
(239. 700)
Net current assets
274,212
187,447
Net assets
277,090
192,385
Funds:
Restricted funds
Unrestricted funds
Designated funds
General funds
13
60.357
25,164
13
13
20, 000
147,221
216,733
216.733
Total charity funds
277,090
192,385
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the
year ended 31 March 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year
ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirments of the Companies Act 2006
with respect to accounting records and preparation of accounts.
The financial statements have been prepared in accordance with the special provisions for small companies
under Part 15 of the Companies Act 2006.
Approved by the trustees on
and signed on their behalf by..
5 September 2024
Haydor Ali, Trustee
The attached notes form part of the financial ststements.
Pa
14

Tower Hamlets Council For Voluntary Service Ltd
Statement of cash flows
For the year ended 31 March 2024
2024
2023
Cash flows from operating activities
Net income for the reporting period
las per the statement of financial activities)
Depreciation charges
Investment income
Decreasel{Increase} in debtors
I ncrease in creditors
84,705
64,420
2.060
(57)
104,371
136,499
1,185
(21)
(136,742}
219,263
Net cash used in operating activities
327,578
148,105
2024
2023
Cash flows from operating activities
Net cash provided by operating activities
327,578
148,105
Cash flows from investing activities:
I nterest receivable
Purchase of fixed assets
57
21
(3,978}
Net cash provided by l {used in) investing activities
57
{3,957)
Change in cash and cash equivalents in the year
327,635
144,148
Cash and cash equivalents at the beginning of the year
283,831
139,683
Cash and cash equivalents at the end of the year
611.466
283,831
Analysis of cash and cash equivalents
Other non-
cash
changes
At31
March
2024
At 1 April
2023 Cash flows
Cash at bank and in hand
283,831
327,635
611.466
a Total cash and cash equivalents
283,831
327,635
611,466
Page | 15

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
Accounting policies
Basis of preparation
The financial statements have been prepared in accordan￿ with Accounting and Reporting by Charities..
Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordance with the
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP FRS
102) and the Companies Act 2006.
The charitable company 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 or note.
Going concern
The trustees consider that there are no material uncertainties about the charitable company's ability to continue
as a going concern. The trustees do not consider that there are any SoUr￿S of estimation uncertainty at the
reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets
and liabilities within the next reporting period.
Income
Donations income is recognised when the charity has entitlement to the funds, any performance conditions
attached to the income have been met, it is probable that the income will be received and that the amount can
be measured reliably.
Income from grants is recognised when the charity has entitlement to the funds, any perf0rrnan￿ 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 re￿iVed in advan￿ for the provision of specified service is
deferred until the criteria for income recognition are met.
Investment income is recognised when receivable and the amount can be measured reliably by the charity., this
is normally upon notification of the interest or dividends paid or payable by the investment fund manager.
Expenditure
Expenditure is recognised On￿ 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.
Expenditure on charitable activities includes the costs of delivering servI￿s, exhibitions and other activities
undertaken to further the purposes of the charity and their associated support costs.
Support costs are those functions that assist the work of the charity but do not directly undertake charitable
activities. These costs have been allocated between expenditure on charitable activities on the basis of the
staff time spent on the activity.
Fund accounting
Unrestricted funds are available to spend at the discretion of the trustees on activities that further any of the
purposes of charity. Restricted Funds are restricted income funds given to the charity for specific purposes.
They are expendable by the trustees in furtherance of particular projects within the charity objects.
Tangible fixed assets
Items of equipment are capitalised where the purchase price exceeds £1,000. 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-
Office equipment
Computer equipment
33°/0 Straight line basis on cost
330A straight line basis on cost
Pa
16

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
Accounting policies (continued)
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.
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.
Creditors and provisions
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.
Pensions
The company operates a defined contribution pension scheme and the pension charge represents the
amounts payable by the company to the fund in the year.
Detailed comparatives for the statement of financial activities
Unrestricted Restricted
Funds
Funds
Total
2023
Income from..
Charitable activities..
To promote and train for public benefit
Investment income
Total incoming resources
186,363
21
186,384
494,966
681,329
21
681,350
494,966
Resources expended..
Charitable activities..
To promote and train for public benefit
128,651
488,279
616,930
Total resources expended
128,651
488,279
616,930
Net incomingl{outgoing) resoUr￿S before transfers
57,733
6,687
64,420
Transfers be￿een funds
Net incomingl(outgoing) resoUr￿S
57,733
6,687
64,420
Reconciliation of funds
Total funds brought fO￿ard at start of the period
109,488
18,477
127,965
Total funds carried forward at end of the period
167,221
25,164
192,385
Pa
17

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
Income from charitable activities
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
To promote and train for public benefit
London Borough of Tower Hamlets- Core Grant
LBTH- Disparities Project
LBTH- Equalities Hub
LBTH- (Local Community Fund)
VCSE Collaborative
National Lottery- Comerstone Fund
National Lottery- Flourishing Communities
THT
Neighbourhood Forums
Queen Mary University
Loneliness Coalition
Societe Generale UK Foundation
Consultancy
AHRC
HDRC
151,667
151,667
39,908
51,280
22,000
51,001
226,414
151,391
100,286
44,717
10,825
8,300
4,000
1,520
10,752
98,244
972,305
260, 000
80, 000
39,908
51,280
22.000
16,250
51,001
226,414
151,391
89, 086
91,794
71,313
100,286
44,717
10,825
8,300
4.000
1,520
8, 300
10,500
5,376
48,710
681,329
10,752
98,244
734,186
238,119
Investment income
Unrestricted
Funds
Restricted
Funds
Total
2024
Total
2023
Bank Interest
57
57
57
57
21
21
Pa
18

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
Analysis of expenditure
Current year
Support
Costs
Total
2024
Total
2023
Unrestricted Restricted
Direct servi￿ Delivery
Salaries
Other staff costs
Premises costs
offi￿ costs
Legal & professional
IT & software
Marketing & subsc
Independent examination fees
Governan
55,988
83,894
2.722
351,979
256,200
131
407,967
376,605
2,853
36,905
3,555
45,283
6,217
3,675
2,000
2,597
247, T99
284,512
2,099
33,033
3,122
31,463
10,249
1,385
1,800
1,468
36,511
36,905
3,555
45,283
6,217
3,675
2,000
2,597
,74
Support costs allocation
46.060
188.664
90,683
698,993
(136,743)
887,657
616,930
Analysis of expenditure
Prior year
Support
Costs
Total
2023
Unrestricted
Restricted
Direct se￿1￿ Delivery
Salaries
Other staff costs
Premises costs
Office costs
Legal & professional
IT & sofvare
Marketing & subsc
Independent examination fees
Governan
45,168
55,994
1,365
202,631
218,411
734
247,799
284,512
2,099
33,033
3,122
31,463
10,249
1,385
1,800
1,468
10,107
33,033
3,122
31,463
10,249
1,385
1,800
1,468
Support costs allocation
26,124
,65
66,503
8,27
(92,627)
Pa
19

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Statements
For the
ear ended 31 March 2024
Net incomel (expenditure) for the year
2024
2023
Net incomel (expenditure) is stated after charging..
Independent examiner's fee (excluding VAT)
Depreciation
1,667
2,060
1, 500
Analysis of staff costs. trustee remuneration
and expenses and cost of key management
2024
2023
Wages and salaries
Social security costs
Pension costs
Redundancy and termination costs
326,602
29,391
18,464
2,148
376 605
246, 085
21, 192
17,235
284 512
1 member of staff received emoluments of more than £60,000 in this year (2023: 1)
The total employee benefits including employer National Insuran￿ and pension contributions of the key
management personnel were £74,219 (2023: £68,930).
The average monthly numbers of employees during the year was 9 {2023 . 7).
The trustees of the charitable company were not paid or received any other benefits from employment with the
charity in the year {2023= £nil) neither were they reimbursed expenses during the year (2023.. £nil). No charity
trustee received payment for professional or other services supplied to the charity (2023.. £nil).
Taxation
The charitable company is exempt from corporation tax as all its income is charitable and is applied for
charitable purposes.
Tangible Fixed Assets
Furniture
Fixture
Computer
Office
Equipment Equipment
Total
Cost
At 1 April 2023
Additions in the period
At 31 March 2024
180
9,811
2,172
12.163
180
9,811
2,172
12,163
Depreciation
At 1 April 2023
Charge for the period
At 31 March 2024
180
4,873
2,060
6,933
2,172
7,225
2,060
9,285
180
2,172
Net book value
At 31 March 2024
2,878
2,878
At 31 March 2023
4, 938
4,938
Pa
20

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
10 Debtors
2024
2023
Trade Debtors
Accrued Income
Other Debtors and prepayments
91,689
48,710
2,917
143,316
35,592
3,353
38,945
11 Creditors: Amounts falling due within one year
2024
2023
Trade creditors including taxation and social security
Other creditorslPension
Accruals
Deferred income
49,309
2,620
3,440
320,830
376,199
34,021
349
5, 240
200,090
239, 700
Deferred Income:
2024
2023
Balan￿ at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year
200,090
(200,090)
320,830
320 830
200, 090
200 090
12 Analysis of Net Assets between Funds
Current year
General
Funds
Designated Restricted
Funds
Funds
Total
2024
Tangible fixed assets
Current assets
Current liabilities
2,878
264,310
(50,455)
2.878
650.411
1376,199)
386,101
(325,744)
216,733
60,357
277.090
Analysis of Net Assets between Funds (prior year)
General
Funds
Designated Restricted
Funds
Funds
Total
2023
Tangible fixed assets
Current assets
Current liabilities
4938
284818
{142.535)
4,938
122,329
427,147
{97,165) {239,700)
20,000
147,221
20.000
25,164
192,385
Pa
21

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
13 Movements in Funds
At 1 April
2023
Income &
gains
Expenditure
& losses
At 31 March
2024
Transfers
Restricted Funds
LBTH Core Grant
Play Association TH (PATH)
National Lottery- Flourishing
Communities
Neighbourhood Forums
VCSE Collaborative
AHRC
HDRC
National Lottery- Comerstone Fund
151,667
(151,667)
(3,750)
6.000
2,250
151,391
(146,295)
5,096
44,717
51,001
10,752
98,244
226,414
734 186
(33,890)
(51,001)
(10,752)
(98,244)
203,394
698 993
10,827
19,164
42,184
Unrestricted Funds
General funds
Designated Funds- Other
Total unrestricted funds
147,221
20,000
167,221
238,176
(188,664)
20,000
(20,000)
216,733
238,176
188,664
216,733
Total Funds
192,385
972,362
(887,657)
277,090
Movements in Funds (prior year)
At 1 April
2022
Income &
gains
Expenditure
& losses
Transfers
At 31 March
2023
Restricted Funds
LBTH Core Grant
Play Association TH (PATH)
National Lottery- Flourishing
Communities
AHRC
HDRC
National Lottery- Comerstone Fund
260,000
(260,000)
6.000
6,000
12.477
91,794
5,376
48,710
89,086
(104,271)
(5,376)
(48,710)
(69,922)
19,164
18,477
494,966
488,279)
25,164
Unrestricted Funds
General funds
Designated Funds- Other
89,488
20.000
186,384
(128,651)
147,221
20,000
Total unrestricted funds
109,488
186,384
(128,651)
167,221
Total Funds
127,965
681,349
(616,931)
192,385
Pa
22

Tower Hamlets Council For Voluntary Service Ltd
Notes to The Financial Ststements
For the
ear ended 31 March 2024
13 Movements in Funds Icontinuedl
Restricted funds are for the following purposes:
London Borough of Tower Hamlets (LBTH Core Grant ) - Our main Infrastructure and Capacity Building
grant agreement which enables us to carry out our charitable activities with the volunteer and community
organisations in the borough.
Path - Play Association Tower Hamlets.. fijnds to be used in developing a voluntary sector Play Partnership in
Tower Hamlets.
National Lottery Community Fund - Cornerstone project, changing how Council and health & care ServI￿S
involve diverse communities, to inform better service provision which addresses inequalities of outcomes
within service systems, particularly through Equalities Impact Assessments.
Neighbourhood Forums
A one-year pilot fvnded by Tower Hamlets Together to develop a model of
Neighbourhood Forums in two Primary Care Networks, to facilitate resident input into decision making
pro￿sseS in health systems.
VCSE Collaborative
Three-year funding from NHS North East London (NEL) to develop the VCSE
Collaborative to ensure the active participation of the ICB and of the voluntary & community sector across NEL.
AHRC- Funding from the Arts & Humanities Research Council to build a Well Communities Research
Consortium to address health disparities through Integrated Care Systems
HDRC - A five-year partnership with Queen Mary University of London, London Metropolitan University,
University of East London and the London Borough of Tower Hamlets, to make Tower Hamlets a 'go to, place
to conduct high quality, collaborative. impactful health research, induding proactive in-reach to the VCS, and
cfrproduction to support public involvemenL
14 Company Status
Tower Hamlets Council for Voluntary servi￿ is a company limited by guarantee and has no share capital.
Each member is liable to contribute a sum not exceeding £1 in the event of the charity being wound up.
15 Related party transactions
There are no related paty transactions to disdose for the year (2023.. none).
There are no donations from related parties which are outside the normal course of business and no restricted
donations from related parties. There is no balance due tolfrom related parties at the end of the year.
Pa
23