## **Gasworks Dock Partnership** 

(A company limited by guarantee) 

Report and Financial Statements Year ended 31 

January 2023 Charity number 1141523 

Company number: 07135282 








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**Gasworks Dock Partnership (GDP)** 

**Report of the trustees for the year ended 31 January 2023** 

## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 January 2023** 

**Report of the Trustees Independent Auditor's Report Statement of Financial Activities Balance Sheet Statement of Cash Flows Notes to the Financial Statements** 



## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

1151523 07135282 Cody Dock, 11c South Crescent, London, E16 4TL 

Marcus MacKenzie Appointed April 2016 Re-appointed October 2021 Chair: Timothy Vaughan Appointed April 2018 Re-appointed October 2018 Company Secretary: David Asuni Appointed September 2015 Re-appointed November 2022 Treasurer: Martin Torres Appointed April 2018 Re-appointed November 2022 Trustees Bianca Mawani Appointed June 2016 Re-appointed October 2021 Oyetade Oyebode Appointed March 2022 Alice Gur-Arie Resigned August 2022 Chief Executive Officer: Simon Myers Appointed October 2015 

Engineers: Robert West, Delta House, 175 Borough High Street, London SE1 1HR PRICE & MYERS, 37 Alfred Place, London WC1E 7DP 

Planning Consultants:  Tibbalds Planning and Urban Design Ltd, 19 Maltings Place, London, SE1 3JB 

Architects: Office for Crafted Architecture, Unit 2. Cody Dock, 11c South Crescent, London E16 4TL Auditors: Goldwins Chartered Accountants, 75 Maygrove Road, London, NW6 2RG, E United Kingdom Solicitors: Freshfields Bruckhaus Deringer LLP,1 00 Bishopsgate London EC2P 2SR 

Bankers: Triodos, Brunel House, 11 the Promenade, Clifton, Bristol BS8 3NN CAF Bank Limited; 25 Kings Hill Avenue; Kings Hill; West Malling; Kent; ME19 4J 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

The trustees are pleased to present their annual report together with the financial statements of the charity for the year ended 31 January 2023, which are also prepared to meet the requirements for a directors’ report and accounts for Companies Act. 

The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles  of  Association, and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 – second edition) - (Charities SORP FRS 102). 

## **Chief Executive’s Report** 

During 2022 and despite the effects of the Covid-19 pandemic, Gasworks Dock Partnership successfully completed a number of significant capital projects, most of which were funded by the Green Recovery Challenge Fund such as: the award-winning Cody Dock Rolling Bridge; remediation and repairs to the dock itself; planting of over 900 trees; installation of new reedbed habitat; connection to mains utilities and services; and construction of a new purpose built toilet and wash block. GDP also concluded an 18-month environmental program of activities that resulted in the publication of Cody Dock’s first tidal Lea River Ecology report which was subsequently featured within the concluding episode of the BBC’s David Attenborough Saving our Wild Isles series. These works were made possible through £1m of funding support from the Green Recovery Challenge Fund and a community grant from the London Marathon Trust. 

Having completed the first phase of creative industry studio rentals in 2021, Cody Dock's studios continued to be 100% occupied as at 31st January 2023 

Despite some restrictions at the beginning of 2022 and the ongoing reluctance of some people to return to group volunteering sessions after a prolonged period of lockdown, Cody Dock experienced a significant uptake in overall volunteering numbers as people regained their willingness to partake in in-person activities. Taking this into account, the overall volunteer trend appears to be on track to be higher than pre-pandemic levels. 

With schools being early to go back to normal lessons but last to resume field study visits, we continued to see low participation levels from schools but observed a steady increase as the year progressed, and with additional resources provided by the National Lottery Community Fund's Climate Action Fund award, we anticipate a significant increase in bookings for 2023 that are on track to exceed pre-pandemic levels. 

After the significant increase in local visitors using Cody Dock’s public gardens and the Lea River for socially distanced exercise during the pandemic, we continued to experience an uptick in daily visitors visiting Cody Dock and using the Lea River Park to do their daily exercise, visit for leisure and simply to get to work via Cody Wilds. 

The Green Recovery Challenge Fund was administered by the National Lottery Heritage fund and was funded by Defra, the Environment Agency and Natural England. 

We completed all of our Green Recovery Challenge Funded projects in March 2022 and published the following reports: Cody Dock’s tidal Lea River Ecology Report ( https://codydock.org.uk/tidal-lea-ecology-report/ ) 

- - - Social prescribing at Cody Dock Report (  https://codydock.org.uk/social prescribing pilot study/  ) 

Saving Our Wild Isles was produced by Silverback Films on behalf of the BBC’s Natural History department, on general release on the BBC iPlayer in April 2023. https:// www.bbc.co.uk/iplayer/episode/p0fd45w7/wild-isles-saving-our-wild-isles 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Cody Dock Fundraising & Sustainability** 

With two of our core funding grants due to come to an end in 2023, GDP identified The National Lottery Community Fund’s Climate Action Fund as being a very good match for us given our aim to build on the completion of our various volunteering and capital projects and to roll out a significant Environmental program which would make best use of our new facilities and continue to engage large numbers of people with Cody Dock and the River Lea. In October 2022 we were invited by the Climate Action Fund to submit a final stage application for £1.3m over 5 years and received confirmation of our successful application in March 2023. 

In addition to our successful TNLCF Climate Action Fund award we also came a step closer to realising our charity’s long term goal of establishing a dedicated heritage space and Lea river heritage program through the submission of a development application to Heritage Lottery Fund in November 2022 which was subsequently approved in April 2023. 

Further successful fundraising for smaller discrete project based and development activities for 2022 include support from Garfield Weston, The Tudor Trust, Big Issue Invest and Newham Council. 

## **Our purposes and activities** 

The charity's Objects remain unchanged: 

● The advancement of education, training or retraining, particularly among unemployed people, and providing unemployed people with work experience, 

● the creation of training and employment opportunities by the provision of workspace, buildings and/or land for use on favourable terms, 

● the maintenance, improvement or provision of public amenities, 

● the education of the public about the history of the area by the creation of an industrial heritage archive and museum, 

● the provision or assistance in the provision of recreational facilities for the public at large and/or those who, by reasons of their youth, age, infirmity or disablement, poverty or social and economic circumstances, have need of such facilities, 

● the promotion of the arts and of crafts and craftsmanship and the advancement of education, 

● the promotion of the conservation, protection and enhancement of the physical and natural environment, particularly but not exclusively in ways that further sustainable development, 

● the education of the public about ecology, conservation, environmental studies and sustainable development, particularly but not exclusively in respect of the nation’s waterways and the ecology of the local area surrounding Cody Dock and to promote the study and research in such subjects provided that useful results thereof are published, 

● And other means as may from time to time be determined and which are exclusively charitable. 

Our key aim is to see Cody Dock provide a pedestrian gateway to the existing Lower Lea River footpaths and establish itself as a flagship centre for environmental learning, heritage and arts. As part of our mission to transform Cody Dock into a sustainable and flourishing cultural quarter we are continuing our work to develop new moorings, workshop studio spaces and a community venue that will provide GDP with a sustainable income that will enable our charity to continue delivering its more general aims. 

Our  overall  vision  continues  to  be  the  nurturing  of  places  that  have  the  capacity  to  inspire  and  enable healthier  more  sustainable  communities  to  emerge  and  grow.  GDP  also  has  a  more  general  aim  of promoting  greater  participation  within  the  arts  and  promoting  greater  engagement  with  our  natural ecology, waterways and industrial heritage. 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

In  shaping  our  objectives  for  the  coming  years,  we  have  considered  the  Charity  Commission’s  guidance on  public  benefit,  including  the  guidance  on  public  benefit  and  fee  charging.  We  continue  to  give  careful consideration  to  the  accessibility  of  our  public,  community  and  event  spaces  when  setting  the  levels  of fees and charges so as to ensure that those on low incomes are able to access our services. 

The strategies employed to achieve the charity’s aims and objectives include: 

● the delivery of a broad range of educational, participatory and volunteer activities and events that engage our local communities and enable us to continue to respond to their needs within our development. 

● The offering of a broad range of opportunities for people and organisations to co-produce environmental and educational activities at Cody Dock. 

- The giving of opportunities to groups in the borough at discounted rates for hire.. 

● The  celebration  of  the  diversity  of  cultures  in  our  local  community  by  programming  presentations by,  and  with,  artists  of  different  cultural  backgrounds  and  at  times  that  are  open  and  inclusive  whilst focusing  on  having  a  particular  significance  to  different  religious  or  cultural  traditions  that  reflect  the  full spectrum of Newham’s diverse communities. 

Putting these strategies into action we have five areas of activity which are the: 

● Delivery of our master plan that provides the framework for delivering our social enterprise business plan. 

● Creation of volunteer opportunities that enable people to engage with the development of Cody 

Dock. 

- Delivery of public events, workshops and training days. 

- Support of schools and local community groups in delivering their own projects at Cody Dock. 

- Provision of public space and facilities at Cody Dock that enable access to and the enjoyment of 

- the Lower Lea River and Cody Wilds footpaths. 

We have continued to support and nurture partnerships with other local groups that share our values: 

- The Royal Horticultural Society 

- Thames 21 and Love the Lea 

- Totally Thames 

- Open City’s Open House 

- Newham Council 

- One Newham 

- Rosetta Arts 

- The Line Art Trail 

- London National Park City 

Our broad strategy aims to involve as many local residents, community groups and businesses in the revitalisation of Cody Dock so that they have an increased sense of ownership and help to shape a positive future for the Lower Lea Valley. 

## **Our volunteers** 

One of the charity’s key objectives is to continue to provide a place that brings people together and enables strong dynamic communities to emerge and grow. To this end, GDP has deliberately chosen to implement a great deal of its projects with volunteers. These volunteers come from a great variety of places and include local residents, students, charities and local businesses. Across all our programs we have worked with a total of 2,717 volunteers who catered for over 100,000 visitors during our 12th year of activities. 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Our values as an organisation** 

We seek to respect the diverse ethnic, faith, sexual orientation and lifestyles of our community and stakeholders. As an organisation we try to be: 

- Ambitious 

- Creative 

- Inclusive 

- Considered 

## **Achievements and performance** 

GDP has achieved a number of things during the year: 

● Successfully completed the third year ‘Reaching Communities’ volunteer and engagement 

program and reached all its targets and remained on budget. 

- Commenced construction phase for our Visitor Centre and completed the construction of our 

- public Toilet and Washblock. Dredged Cody Dock and removed contaminated silt for treatment. 

- Completed the construction of our Cody Dock Rolling Bridge. 

- Completed the second year of our GRCF rolling program of citizen science, pilot social 

- prescribing and dock restoration. 

- Concluded our online telephone befriending training program for Newham Council and Age UK 

East. 

● Maintained all its key volunteering and match funding targets despite the ongoing lockdown restrictions. 

## **Chart 1 – Community Volunteering – Volunteer Sessions and Completed Hours - 1st February 2021 to 31st January 2023** 


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**Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Factors contributing to slight reduction in overall numbers achieved in the previous year** 

● Decrease in the number of capital works volunteering opportunities as projects were successfully completed. 

● With the number of furloughed people reducing as a result of people returning to work and the completion of our telephone befriending service, we experienced a noticeable decrease in community volunteers. 

● Decrease in number of Citizen Science and Environmental Conservation activities due to completion of Green Recovery Challenge funded activities and these activities being suspended in the last quarter whilst waiting for new funding and staff to come online. 

● Corporate volunteering only really recommenced in the second half of 2022 because of the continued effects of COVID. 

## **Chart 2 – Community Volunteering – Volunteer Hours by Related Project - 1st February 2021 - 31[ st ] January 2023** 


## **Citizen Science and Environmental Conservation - Contributing factors to increase** 

● Completion  of  Green  Recovery  Challenge  Fund  project  with  a  period  of  time  spent  producing required  reports  together  with  finalising  follow  up  delivery  plans  resulted  in  only  core  volunteer  activities being  delivered;  once  delivery  plans  finalised  and  appropriate  resource  recruited  and  inducted,  the volunteer  offerings  and  uptake  increased  which  together  with  school  engagement  and  take  up  has delivered show increase. 

## **Construction and Site Activ** i **ties -Contributing factors for small decrease** 

● Completion  of  several  of  our  capital  projects  funded  by  the  Green  Recovery  Challenge  Fund  and London  Marathon  funded  toilet  and  wash  block  resulted  in  slightly  fewer  construction-based  volunteer opportunities for the second half of 2022. 

● To  avoid  duplication  site  maintenance  work  relating  to  the  Dock  was  recorded  under  the  Dock Restoration project. 

● Planned  major  build  projects  made  the  need  for  maintenance  unnecessary  –  as  these  builds  are completed maintenance type of volunteering opportunities will increase. 

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**Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Chart 3** – **Fee- Paying Volunteering at Cody Dock - 1st February 2021 - 31st January 2023** 


The  first  half  of  2022  saw  a  reduced  uptake  from  local  businesses  and  corporations  sending  volunteers but  this  picture  dramatically  improved  during  the  final  quarter  and  we  took  a  higher  number  of  advance bookings  for  the  first  quarter  of  2023  which  leads  us  to  believe  that  2023  is  on  track  to  surpass pre-pandemic levels of corporate volunteering. 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Chart 4** – **Fee paying volunteer hours by Related Project** 


In  2021/22  all  site  build  activity  was  recorded  under  ‘Construction  and  Site  Maintenance’  –  for  2022/23 these  were  then  separated  out  into  individual  related  project  areas.  Site  builds  include Washblock/Toilets/Visitor  Centre/Therapeutic  Garden  Hub  ‘The  Growing  Space’  –  the  above  figures  are the cumulative totals for all of these – Chart 4B provides a breakdown. 


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**Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Chart 5a** – **Volunteers’ area of residence** 

This shows the area of residence specified by individuals who have completed volunteer hours between the period 1st February 2021 - 31st January 2023. 


## **Events** 

GDP has where possible held events and exhibitions and will continue to monitor the situation and where possible deliver our usual and other one-off events/exhibitions. 


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**Gasworks Dock Partnership (GDP)** 

**Report of the trustees for the year ended 31 January 2023** 

## **Chart 6** – **Local Organisations – Number of Volunteers and Completed Hours** 

We strive to develop partnerships with local organisations (within London Borough of Newham and Tower Hamlets) providing volunteer opportunities which not only contribute towards our charity objectives but link and contribute to their corporate social responsibility objectives. 


## **Engagement with Local Schools** 

We continue to liaise with local schools to provide ‘hands on’ learning experience supporting their classroom learning; over the last couple of years this has been somewhat curtailed due to residual factors associated with the COVID pandemic but since the beginning of the financial year (1st February 2023) our newly appointed Bio-Diversity Officer and Education Officer have enabled GDP to hit the ground running with school participation in the Urban Ecology programme. 


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**Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

**Signed:** 


## **Simon Myers Chief Executive Gasworks Dock Partnership** 

30 September 2023 

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## **Financial review** 

Results for the year ended 31 January 2023 are given in the Statement of Financial Activities. The assets and liabilities are given in the Balance Sheet. The financial statements should be read in conjunction with the related notes. 

GDP continues to be heavily reliant on grants and donations for its funding. Our restricted income for the financial year was £933,048 (2022 £509,937), this funded a very significant proportion of the net cash flows for investing activities of £935,831 (£682,763) in the financial year. Unrestricted income for the financial year was £140,788 (2022 £108,711), however unrestricted expenditure was £188,725 (2022 £97,456) resulting in unrestricted income deficit of £47,937 (2022 surplus of £11,255) for the financial year ended 31 January 2023. Thus, as those fixed asset additions that are funded by restricted income are transferred to unrestricted reserves, the charity’s positive unrestricted reserves are entirely invested in the designated fixed assets of £1,854,242 (2022 £1,027,921). This shows that the charity is successfully putting in place the infrastructure essential to sustainable delivery of its purpose (See Note 12 of the financial statements); however, after accounting for fixed assets, the charity has negative unrestricted reserves of £95,364 (2022 £100,164). 

The financial statements have been prepared on a going concern basis. 

## **Reserves policy** 

GDP aims to maintain unrestricted free reserves equivalent to 3 months of running costs. As noted above, substantial facilities development work has been and continues to be delivered which has created vital fixed assets for the charity and is reflected in a sound total unrestricted reserves position referred to above.  However, the charity currently has an unrestricted free reserves deficit, ad GDP therefore has not met its unrestricted free reserves policy. While the capital projects build-out is being undertaken, much of the core work of the charity is directed towards such projects and consequently the costs of such core work are substantially covered by grant funding over the next two years, thereby supporting GDP as a going concern.  GDP is working to ensure that it builds towards its unrestricted free reserve policy level via income generation from social enterprise activities in the coming years. 

## **Plans for the future** 

Looking forward to the financial year 2023-4, the charity is focusing its attention on the following objectives: 

● Delivering GDP’s climate action programme funded by the National Lottery. ● Completing Heritage Lottery funded feasibility and development work on proposed Heritage Pavilion build and submit application for funding to construct and expand to operate it. ● deliver and expand programme of therapeutic and social prescribing opportunities to be delivered within the ‘Growing Space’ 

● Completion of our Veolia Environmental Trust funded visitor centre. 

● Development of the business plan for further moorings and studios and raising the capital to finance phase two of Cody Dock’s development. 

● Continue to develop GDP’s social enterprise income to enable future sustainability. 

## **Structure, Governance and Management** 

Gasworks Dock Partnership is a company limited by guarantee governed by its Memorandum and Articles of Association dated the 22nd January 2010 and is registered as a charity with the Charity Commission. 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

## **Appointment of trustees** 

There were 2 new appointments to the board during this financial year, and one resignation during the year (Alice Gur-Arie). 

(As set out in the GDP Articles of Association the chair of the trustees is nominated by its trustees. GDP is bound to have a minimum of 5 and a set nominal maximum of 15 trustees that can serve a period of up to 3 years before their position goes under review). The trustees have the power to co-opt further members to fill specialist roles. 

Trustees will be circulated with invitations to nominate trustees prior to our AGM advising them of the retiring trustees and requesting nominations. When considering co-opting trustees, the Board has regard to the requirement for any specialist skills needed. 

New trustees undergo an orientation day to brief them on their legal obligations under charity and company law, the Charity Commission guidance on public benefit, content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity, and the key financial and other policies of the charity. During the induction day they meet key employees and other trustees. 

Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. 

## **Organisation** 

The board of trustees, which can have up to 15 members, provides governance and oversees the administration of the charity. The board currently meets approximately every six weeks. A Chief Executive is appointed by the trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and artistic performance related activity. 

## **Related Parties N/A** 

## **Risk management** 

The trustees have a risk management strategy and conduct a quarterly review of the risks the charity may face. This work has identified that financial sustainability continues to be the major financial risk and securing further core funding is going to be essential for the successful development of the social enterprises to ensure the sustainability of the charity and the delivery of its charitable aims and objectives 

## **Trustees’ responsibilities in relation to the financial statements** 

The charity trustees (who are also the directors of the Gasworks Dock Partnership for the purposes of company law) are responsible for preparing a trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

Company law and the law applicable to charities in England and Wales requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and the group and of the incoming resources and application of resources, including the income and expenditure, of the charitable group for that period. 

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## **Gasworks Dock Partnership (GDP)** 

## **Report of the trustees for the year ended 31 January 2023** 

In preparing the 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 estimates that are reasonable and prudent; 

● state whether applicable accounting standards 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 inappropriate to presume that the charity will continue in business. 

Trustees are responsible for keeping proper accounting records that 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. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities. 

The Trustees’ annual report has been approved by the Trustees on **30[ th ] September 2023** and signed on their behalf by: 


## **Marcus Mackenzie – Chair Company registration number 07135282** 

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**Independent Auditor’s Report To the members of Gasworks Dock Partnership** 

## **Opinion** 

We  have  audited  the  financial  statements  of  Gasworks  Dock  Partnership  for  the  year  ended  31  January 2023  which  comprise  the  Statement  of  Financial  Activities,  the  Balance  Sheet,  statement  of  cash  flows and  the  related  notes.  The  financial  reporting  framework  that  has  been  applied  in  their  preparation  is 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). 

## **Opinion on financial statements** 

In our opinion the financial statements: 

● give  a  true  and  fair  view  of  the  state  of  the  charitable  company’s  affairs  as  at  31  January  2023 and of its income and expenditure for the year then ended: 

● have  been  properly  prepared  in  accordance  with  United  Kingdom  Generally  Accepted Accounting Practice; and 

● have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We  conducted  our  audit  in  accordance  with  International  Standards  on  Auditing  (UK)  (ISAs  (UK))  and applicable  law.  Our  responsibilities  under  those  standards  are  further  described  in  the  Auditorʼs responsibilities  for  the  audit  of  the  financial  statements  section  of  our  report.  We  are  independent  of  the Charity  in  accordance  with  the  ethical  requirements  that  are  relevant  to  our  audit  of  the  financial statements  in  the  UK,  including  the  FRCʼs  Ethical  Standard  and  we  have  fulfilled  our  other  ethical responsibilities  in  accordance  with  these  requirements.  We  believe  that  the  audit  evidence  we  have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In  auditing  the  financial  statements,  we  have  concluded  that  the  trustees’  use  of  the  going  concern  basis of accounting in the preparation of the financial statements is appropriate. 

Based  on  the  work  we  have  performed,  we  have  not  identified  any  material  uncertainties  relating  to events  or  conditions  that,  individually  or  collectively,  may  cast  significant  doubt  on  the  charity's  ability  to continue  as  a  going  concern  for  a  period  of  at  least  twelve  months  from  when  the  financial  statements are authorised for issue. 

Our  responsibilities  and  the  responsibilities  of  the  directors  with  respect  to  going  concern  are  described in the relevant sections of this report. 

## **Other information** 

The  trustees  are  responsible  for  the  other  information.  The  other  information  comprises  the  information included  in  the  annual  report  other  than  the  financial  statements  and  our  auditorʼs  report  thereon.  Our opinion  on  the  financial  statements  does  not  cover  the  other  information  and,  except  to  the  extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In  connection  with  our  audit  of  the  financial  statements,  our  responsibility  is  to  read  the  other  information and,  in  doing  so,  consider  whether  the  other  information  is  materially  inconsistent  with  the  financial statements  or  our  knowledge  obtained  in  the  audit  or  otherwise  appears  to  be  materially  misstated.  If  we identify  such  material  inconsistencies  or  apparent  material  misstatements,  we  are  required  to  determine whether  there  is  a  material  misstatement  in  the  financial  statements  or  a  material  misstatement  of  the other  information.  If,  based  on  the  work  we  have  performed,  we  conclude  that  there  is  a  material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 



**Independent Auditor’s Report To the members of Gasworks Dock Partnership** 

## **Opinion on other matter prescribed by the Companies Act 2006** 

In our opinion, based on the work undertaken in the course of the audit: 

● the  information  given  in  the  trustees’  report  (incorporating  the  directors’  report)  for  the  financial year for which the financial statements are prepared is consistent with the financial statements; and 

● the  trustees’  report  (incorporating  the  directors’  report)  has  been  prepared  in  accordance  with applicable legal requirements. 

## **Matters on which we are required to report by exception** 

In  the  light  of  the  knowledge  and  understanding  of  the  Charity  and  its  environment  obtained  in  the course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. 

We  have  nothing  to  report  in  respect  of  the  following  matters  where  the  Companies  Act  2006  requires  us to report to you if, in our opinion: 

- adequate  accounting  records  have  not  been  kept  or  returns  adequate  for  our  audit  have  not  been 

- received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- certain disclosures of trustees’ remuneration specified by law are not made; or 

- we have not received all the information and explanations we require for our audit. 

## **Responsibilities of the trustees** 

As  explained  more  fully  in  the  Trustees’  Responsibilities  Statement,  the  trustees  (who  are  also  the directors  of  the  charitable  company  for  the  purposes  of  company  law)  are  responsible  for  the  preparation of  the  financial  statements  and  for  being  satisfied  that  they  give  a  true  and  fair  view  and  for  such  internal control  as  they  determine  is  necessary  to  enable  the  preparation  of  financial  statements  that  are  free from material misstatement, whether due to fraud or error. 

In  preparing  the  financial  statements,  the  trustees  are  responsible  for  assessing  the  Charity’s  ability  to continue  as  a  going  concern,  disclosing,  as  applicable,  matters  related  to  going  concern  and  using  the going  concern  basis  of  accounting  unless  the  trustees  either  intend  to  liquidate  the  Charity  or  to  cease operations, or have no realistic alternative but to do so. 

## **Our responsibilities for the audit of the financial statements** 

Our  objectives  are  to  obtain  reasonable  assurance  about  whether  the  financial  statements  as  a  whole are  free  from  material  misstatement,  whether  due  to  fraud  or  error,  and  to  issue  an  auditorʼs  report  that includes  our  opinion.  Reasonable  assurance  is  a  high  level  of  assurance,  but  is  not  a  guarantee  that  an audit  conducted  in  accordance  with  ISAs  (UK)  will  always  detect  a  material  misstatement  when  it  exists. Misstatements  can  arise  from  fraud  or  error  and  are  considered  material  if,  individually  or  in  the aggregate,  they  could  reasonably  be  expected  to  influence  the  economic  decisions  of  users  taken  on  the basis of these financial statements. 

Irregularities,  including  fraud,  are  instances  of  non-compliance  with  laws  and  regulations.  We  design procedures  in  line  with  our  responsibilities,  outlined  above,  to  detect  material  misstatements  in  respect  of irregularities,  including  fraud.  The  extent  to  which  our  procedures  are  capable  of  detecting  irregularities, including fraud are set out below. 

18 



**Independent Auditor’s Report To the members of Gasworks Dock Partnership** 

In  identifying  and  assessing  risks  of  material  misstatement  in  respect  of  irregularities,  including  fraud  and non-compliance with laws and regulations, our procedures included the following: 

● We  enquired  of  management,  which  included  obtaining  and  reviewing  supporting  documentation, concerning the charity's policies and procedures relating to: 

● identifying,  evaluating,  and  complying  with  laws  and  regulations  and  whether  they  were  aware  of any instances of non-compliance; 

● Detecting  and  responding  to  the  risks  of  fraud  and  whether  they  have  knowledge  of  any  actual, suspected, or alleged fraud; 

● The  internal  controls  established  to  mitigate  risks  related  to  fraud  or  non-compliance  with  laws and regulations. 

● We inspected the minutes of meetings of those charged with governance. 

● We  obtained  an  understanding  of  the  legal  and  regulatory  framework  that  the  charity  operates  in, focusing  on  those  laws  and  regulations  that  had  a  material  effect  on  the  financial  statements  or  that  had a fundamental effect on the operations of the charity from our professional and sector experience. 

● We  reviewed  the  financial  statement  disclosures  and  tested  these  to  supporting  documentation  to assess compliance with applicable laws and regulations. 

● We  performed  analytical  procedures  to  identify  any  unusual  or  unexpected  relationships  that  may indicate risks of material misstatement due to fraud. 

● In  addressing  the  risk  of  fraud  through  management  override  of  controls,  we  tested  the appropriateness  of  journal  entries  and  other  adjustments,  assessed  whether  the  judgements  made  in making  accounting  estimates  are  indicative  of  a  potential  bias  and  tested  significant  transactions  that  are unusual or those outside the normal course of business. 

A  further  description  of  our  responsibilities  for  the  audit  of  the  financial  statements  is  located  on  the Financial  Reporting  Councilʼs  website  at:  [www.frc.org.uk/auditorsresponsibilities].  This  description  forms part of our auditor’s report. 

## **Use of our report** 

This  report  is  made  solely  to  the  charitable  company’s  members,  as  a  body,  in  accordance  with  Chapter 3  of  Part  16  of  the  Companies  Act  2006.  Our  audit  work  has  been  undertaken  so  that  we  might  state  to the  charity’s  members  those  matters  we  are  required  to  state  to  them  in  an  auditor’s  report  and  for  no other  purpose.  To  the  fullest  extent  permitted  by  law,  we  do  not  accept  or  assume  responsibility  to anyone  other  than  the  charity  and  the  charity’s  members  as  a  body,  for  our  audit  work,  for  this  report,  or for the opinions we have formed. 

23 October 2023 

………………………………. 

**Anthony Epton (Senior Statutory Auditor) for and on behalf of Goldwins Limited Statutory Auditor Chartered Accountants 75 Maygrove Road West Hampstead London  NW6 2EG** 



## Gasworks Dock Partnership 

## **Statement of Financial Activities (Incorporating and Income and** 

## **Expenditure Account) For the Year Ended 31 January 2023** 

|**Note**<br>**Income from:**<br>Donations & Grants<br>**3**<br>Charitable Activities<br>**4**<br>**Total income**<br>**Expenditure on:**<br>Fundraising<br>Charitable activities<br>**Total expenditure**<br>**5**<br>**Net income / (expenditure) for the**<br>**year**<br>**Gross transfers**<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>**14**<br>Total funds brought forward<br>Designated Funds-Fixed Assets brought<br>forward<br>**Total funds carried forward**|**Unrestricted**<br>**£**<br>21,726<br>119,062<br>**140,788**<br>9,600<br>179,125<br>**188,725**<br>**(47,937)**<br>879,058<br>**831,121**<br>(100,164)<br>1,027,921<br>**1,758,878**|**Restricted**<br>**£**<br>933,048<br>-<br>**933,048**<br>-<br>209,706<br>**209,706**<br>**723,342**<br>(879,058)<br>**(155,716)**<br>209,564<br>-<br>**53,848**|**2023**<br>**£**<br>**954,774**<br>**119,062**<br>**1,073,836**<br>**9,600**<br>**388,831**<br>**398,431**<br>**675,405**<br>**-**<br>**675,405**<br>**109,400**<br>**1,027,921**<br>**1,812,726**|2022 Total<br>£<br>525,645<br>93,003|
|---|---|---|---|---|
|||||618,648<br>5,200<br>317,817|
|||||323,017<br>295,631<br>-|
|||||295,631<br>841,690<br>-<br>1,137,321|



All of the above results are derived from continuing activities. 

There were no other recognised gains or losses other than those stated above. 

The attached notes form part of these financial statements. 



## **Balance Sheet** 

## **As at 31 January 2023** 

|**Note**<br>**Tangible fixed assets**<br>**9**<br>**Current assets:**<br>Debtors<br>**10**<br>Cash at bank and in hand<br>**Creditors: amounts falling due within**<br>**one year**<br>**11**<br>**NET CURRENT ASSETS**<br>**TOTAL ASSETS LESS CURRENT**<br>**LIABILITIES**<br>**Creditors: Amounts Falling Due After**<br>**More Than One Year**<br>**11**<br>**Net assets**<br>**12**<br>**Funds**<br>Designated Funds-Fixed Assets<br>Unrestricted Funds<br>**Total Unrestricted Funds**<br>Restricted Funds<br>**Total funds**<br>**14**|**23,506**<br>**17,684**<br>**41,190**<br> **(37,269)**|**2023**<br>**£**<br>**1,854,242**<br>**3,921**<br>**1,858,163**<br> **(45,437)**<br>**1,812,726**<br>**1,854,242**<br>**(95,364)**<br>**1,758,878**<br>**53,848**<br>**1,812,726**|2022<br>£<br>1,027,921<br>62,762<br>130,631|
|---|---|---|---|
||||193,393<br>(66,789)<br>126,604|
||||1,154,525<br> (17,204)|
||||1,137,321|
||||1,027,921<br>(100,164)<br>927,757<br>209,564|
||||1,137,321|



The financial statements have been prepared in accordance with the special provisions for small companies of the Companies Act 2006. 

> Approved by the Trustees Board on 30 September 2023 and signed on its behalf by: 


…………………………….. 

## **Marcus Mackenzie – Chair** 

**Chairman and Treasurer, Trustees Board** 

## **Company Registration Number 07135282** 

The attached notes form part of the financial statements. 



## **Statement of cash flows** 

## **For the Year Ended 31 January 2023** 

|**Note**<br>**Cash flows from operating activities:**<br>Net cash provided by / (used in) operating activities<br>**15**<br>**Cash flows from investing activities:**<br>Net Cash Flows from Investing Activities -Fixed Assets<br>**Cash provided by / (used in) investing activities**<br>**Cash flows from financing activities:**<br>Repayments of borrowing<br>**Cash provided by / (used in) financing activities**<br>**Change in cash and cash equivalents in the year**<br>Cash and cash equivalents at the beginning of the year<br>**Cash and cash equivalents at the end of the year**|<br>**2023**<br>**£**<br>**2023**<br>**£**<br>2022<br>£<br>2022<br>£<br>**840,088**<br>290,692<br>**(935,831)**<br>(682,763)<br>**(935,831)**<br>(682,763)<br>**(17,204)**<br>(19,127)<br>**(17,204)**<br>(19,127)<br>**(112,947)**<br>(411,198)<br>**130,631**<br>541,829<br>**17,684**<br>130,631|<br>**2023**<br>**£**<br>**2023**<br>**£**<br>2022<br>£<br>2022<br>£<br>**840,088**<br>290,692<br>**(935,831)**<br>(682,763)<br>**(935,831)**<br>(682,763)<br>**(17,204)**<br>(19,127)<br>**(17,204)**<br>(19,127)<br>**(112,947)**<br>(411,198)<br>**130,631**<br>541,829<br>**17,684**<br>130,631|
|---|---|---|
||||
|||(411,198)<br>541,829|
|||130,631|






## **1. Accounting  policies** 

**Basis** 

## **of** 

## **preparation** 

The  financial  statements  have  been  prepared  in  accordance  with  Accounting  and  Reporting  by  Charities: Statement  of  Recommended  Practice  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 second edition) 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** 

At  the  time  of  approving  the  financial  statements  the  directors  have  a  reasonable  expectation  that  the company has adequate resources to continue in operational existence for the foreseeable future. 

From  the  year  ending  January  2023  and  despite  the  Covid  backdrop,  Gasworks  Dock  Partnership  (GDP) has  increased  sustainable  income  from  additional  community  studio  lets  and  is  further  underpinned  by increased  volunteer  activity.  In  addition,  community  response  funding,  additional  awards  of  capital funding,  and  the  flexibility  offered  by  GDP’s  existing  funders,  has  allowed  GDP  to  continue  to  develop  and to provide support and facilities to the community during this challenging time. 

The  cash  flow  forecast  for  the  next  12  months,  from  the  date  of  approval  of  the  financial  statements, indicates  that  GDP  will  have  sufficient  cash  assets  in  place  to  meet  its  debts  as  and  when  they  are  due. The  directors  are  satisfied  that  GDP  is  able  to  meet  its  working  capital  liabilities  through  the  management of the normal cyclical nature of receipts and payments. 

The  directors  continue  to  adopt  the  going  concern  basis  of  accounting  in  preparing  the  financial statements. 

## **Income** 

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  government  and  other  grants,  whether  ‘capital’  grants  or  ‘revenue’  grants,  is  recognised when  the  charity  has  entitlement  to  the  funds,  any  performance  conditions  attached  to  the  grants  have been  met,  it  is  probable  that  the  income  will  be  received  and  the  amount  can  be  measured  reliably  and  is not  deferred.  Income  received  in  advance  for  the  provision  of  specified  service  is  deferred  until  the  criteria for income recognition are met. 

## **Donations of gifts, services and facilities** 

Donated  professional  services  and  donated  facilities  are  recognised  as  income  when  the  charity  has control  over  the  item  or  received  the  service,  any  conditions  associated  with  the  donation  have  been  met, the  receipt  of  economic  benefit  from  the  use  by  the  charity  of  the  item  is  probable  and  that  economic benefit  can  be  measured  reliably.  In  accordance  with  the  Charities  SORP  (FRS  102),  volunteer  time  is  not recognised so refer to the trustees’ annual report for more information about their contribution. 

On  receipt,  donated  gifts,  professional  services  and  donated  facilities  are  recognised  on  the  basis  of  the value  of  the  gift  to  the  charity  which  is  the  amount  the  charity  would  have  been  willing  to  pay  to  obtain services  or  facilities  of  equivalent  economic  benefit  on  the  open  market;  a  corresponding  amount  is  then recognised in expenditure in the period of receipt. 




## **1. Accounting policies** 

## **(continued) Interest receivable** 

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. 

## **Fund accounting** 

Unrestricted  funds  are  available  to  spend  on  activities  that  further  any  of  the  purposes  of  charity. Designated  funds  are  unrestricted  funds  of  the  charity  which  the  trustees  have  decided  at  their  discretion to  set  aside  to  use  for  a  specific  purpose.  Restricted  funds  are  donations  which  the  donor  has  specified are  to  be  solely  used  for  particular  areas  of  the  charity’s  work  or  for  specific  projects  being  undertaken  by the charity. 

## **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. Expenditure is classified under the following activity headings: 

- Costs  of  raising  funds  comprise  of  trading  costs  and  the  costs  incurred  by  the  charitable  company  in inducing  third  parties  to  make  voluntary  contributions  to  it,  as  well  as  the  cost  of  any  activities  with  a fundraising purpose. 

- Expenditure  on  charitable  activities  includes  the  costs  of  delivering  services  and  other  activities undertaken to further the purposes of the charity and their associated support costs. 

## **Allocation of support costs** 

Support  costs  are  those  functions  that  assist  the  work  of  the  charity  but  do  not  directly  undertake charitable  activities.  Support  costs  include  back  office  costs,  finance,  personnel,  payroll  and  governance costs  which  support  the  charity  and  its  and  activities.  These  costs  have  been  allocated  between  cost  of raising funds and expenditure on charitable activities. 

## **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: 

- Boat 50 years 

- Dock works 20 years Buildings 10 years 

- Office equipment 3 – 4 Years 

- Tools & equipment 3 – 4 Years 

## **Debtors** 

Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid net of any trade discounts due. Trade debtors are adjusted for bad debt provisions 

## **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. 




**1. Accounting policies** 

**(continued) Financial** 

## **instruments** 

The  charity  only  has  financial  assets  and  financial  liabilities  of  a  kind  that  qualify  as  basic  financial instruments.  Basic  financial  instruments  are  initially  recognised  at  transaction  value  and  subsequently measured  at  their  settlement  value  with  the  exception  of  bank  loans  which  are  subsequently  measured  at amortised cost using the effective interest method. 

## **Pensions** 

The  pension  scheme  in  operation  is  compliant  for  auto  enrolment  purposes  and  all  staff  eligible  have been registered. 

## **2. Detailed comparatives for the statement of financial activities** 

|**Income from:**<br>Donations & Grants<br>Charitable Activities<br>**Total income**<br>**Expenditure on:**<br>Fundraising<br>Charitable activities<br>**Total expenditure**<br>**Net income / (expenditure) for the year**<br>Transfers between funds<br>**Net movement in funds**<br>**Reconciliation of funds:**<br>Total funds brought forward<br>**Total funds carried forward**||**Unrestricted**<br>**£**<br>15,708<br>93,003<br>108,711<br>5,200<br>92,256<br>97,456<br>11,255<br>677,763<br>689,018<br>238,739<br>927,757||**Restricted**<br>**£**<br>509,937<br> -<br>509,937<br>-<br>225,561<br>225,561<br>284,376<br>(677,763)<br> (393,387)<br>602,951<br>209,564|**2022 Total**<br>**£**<br>525,645<br>93,003<br>618,648|
|---|---|---|---|---|---|
||||||5,200<br>317,817|
||||||323,017|
||||||295,631<br>-|
||||||295,631|
||||||841,690|
||||||1,137,321|





## **Gasworks Dock Partnership Notes to the financial statements** 

## **For the Year Ended 31 January 2023** 

## **3. Income from donations** 

|Donations<br>Grants<br>**Income from charitable activities**<br>Dock Income<br>Events Income<br>Other Income<br>**Total**|**Unrestricted**<br>**£**<br>16,726<br>5,000<br>**21,726**<br>**Unrestricted**<br>**£**<br>58,377<br>45,789<br>14,896<br>**119,062**|**Restricted**<br>**£**<br>-<br>933,048<br>**933,048**<br>**Restricted**<br>**£**<br>-<br>-<br> -<br>**-**||**2023**<br>**Total**<br>**£**<br>**16,726**<br>**938,048**<br>**954,774**<br>**2023**<br>**Total**<br>**£**<br>**58,377**<br>**45,789**<br>**14,896**<br>**119,062**||2022<br>Total<br>£<br>8,219<br>517,426<br>525,645<br>2022<br>Total<br>£<br>56,126<br>15,934<br>20,943<br>93,003|
|---|---|---|---|---|---|---|
||||||||
||||||||



## **4. Income from charitable activities** 



## **Gasworks Dock Partnership Notes to the financial statements For the Year Ended 31 January 2023** 

## **5. Analysis of expenditure 2023** 

|**Basis of**<br>**allocation**<br>Staff costs<br>Direct<br>Direct costs<br>Direct<br>Support costs<br>Staff time<br>Support costs allocation<br>**Total expenditure 2023**<br>Total expenditure 2022|**Cost**<br>**of**<br>**raising**<br>**funds**<br>**£**<br>-<br>9,600<br>-|**Charitable**<br>**activities**<br>**£**<br>223,366<br>134,831<br>-|**Support**<br>**Governance**<br>**costs**<br>**Costs**<br>**£**<br>26,134<br>-<br>-<br>4,500<br>-<br>-<br>**26,134**<br>**4,500**<br>(26,134)<br>(4,500)<br>**-**<br>**-**|**2023**<br>2022<br>**£**<br>£<br>**249,500**<br>267,419<br>**148,931**<br>55,598<br>**-**<br>-|
|---|---|---|---|---|
||**9,600**<br>-|**358,197**<br>30,634||398,431<br>323,017<br>**-**<br>-|
||**9,600**|**388,831**||**398,431**<br>323,017|
||5,200|317,817|-|323,017|



Of the total expenditure, £188,724 was unrestricted (2022: £97,456) and £209,706 was restricted (2022: £225,561.) 5 

## **Analysis of expenditure 2022** 

|**Basis of**<br>**allocation**<br>Staff costs<br>Direct<br>Direct costs<br>Direct<br>Support costs<br>Staff time<br>Support costs allocation<br>**Total expenditure 2022**|**Cost of**<br>**raising**<br>**funds**<br>**£**<br>-<br>5,200<br>-<br>|**Charitable**<br>**Support**<br>**activities**<br>**costs**<br>**£**<br>**£**<br>235,188<br>32,231<br>45,698<br>-<br>-<br>-<br>280,886<br>32,231<br>36,931<br>(32,231)|**Governance**<br>**Costs**<br>**£**<br>-<br>4,700<br>-|**2022**<br>**£**<br>267,419<br>55,598<br>-|
|---|---|---|---|---|
||~~5,200~~<br>-||4,700<br>(4,700)|323,017<br>-|
||5,200|317,817<br>-|-|323,017|






## **6. Net income/(expenditure) for the year** 

This is stated after charging: 

|**Net income/(expenditure) for the year**<br>This is stated after charging:|||
|---|---|---|
||**2023**|2022|
||**£**|£|
|Depreciation|**109,510**|36,569|
|Auditors' remuneration (excluding VAT):|||
|Audit|**3,750**|3,750|



## **7. Taxation** 

The charitable company is exempt from corporation tax as all its income is charitable and is applied for charitable purposes. 

## **8. Analysis of staff costs, trustee remuneration and expenses and the cost of key management personnel** 

|Salaries and wages<br>Social security costs<br>Pension costs||**2023**<br>**£**<br>**231,240**<br>**14,375**<br>**3,885**<br>**249,500**||2022<br>£<br>249,004<br>14,012<br>4,403<br>267,419|
|---|---|---|---|---|



One employee received remuneration in excess of £60,000 in the year (2022: none). 

The total employee benefits including pension contributions of the key management personnel were £60,155 (2022: £56,055) 

The  charity  trustees  were  not  paid  or  received  any  other  benefits  from  employment  with  the  Charity  in the  year  (2022:  £nil)  neither  were  they  reimbursed  expenses  during  the  year  (2022:  £nil).  No  charity trustee received payment for professional or other services supplied to the charity (2022: £nil). 

The  average  number  of  employees  (head  count  based  on  number  of  staff  employed)  during  the  year was as follows: 

|Average number of staffs employed|**2023**<br>**No.**<br>**10**<br>**10**||2022<br>No.<br>12|
|---|---|---|---|
||||12|






## **9. Tangible fixed assets** 

|**Cost:**<br>At 1 February 2022<br>Additions<br>At 31 January 2023<br>**Depreciation:**<br>At 1 February 2022<br>Charges in year<br>At 31 January 2023<br>**Net Book Value:**<br>At 31 January 2023<br>At 31 January 2022|**Boats**<br>**£**<br>199,380<br>-<br>**199,380**<br>19,958<br>3,988<br>**23,946**<br>**175,434**<br>179,422|**Dock**<br>**Equipment/**<br>**Studios/**<br>**Restoration**<br>**£**<br>894,556<br>935,831<br>**1,830,387**<br>46,290<br>105,289<br>**151,579**<br>**1,678,808**<br>848,266|**Tools &**<br>**Equipment**<br>**£**<br>25,882<br>-<br>**25,882**<br>25,649<br>233<br>**25,882**<br>**-**<br>233|**Total**<br>**£**<br>**1,119,818**<br>**935,831**|
|---|---|---|---|---|
|||||**2,055,649**|
|||||**91,897**<br>**109,510**|
|||||**201,407**|
||||||
|||||**1,854,242**|
|||||1,027,921|



a) All tangible fixed assets are used to fulfil the charity's objects. Assets constructed and incomplete at the year end are not depreciated until they come into use; incomplete assets: 2023 £256,347 (2022, £570,575) b) Restricted assets: 2023 £1,730,052 (2022: £836,225) 

## **10. Debtors** 

|Trade Debtors net of bad debt provision<br>Prepayments & Accrued Income<br>**11. Creditors: amounts falling due within one year**<br>Other Creditors<br>Taxation and Social Security<br>Accruals and Deferred Income<br>Other Creditors<br>Loans<br>**11. Creditors: amounts falling due after one year**|**2023**<br>**£**<br>**19,009**<br>**4,498**<br>**23,507**<br>**2023**<br>**£**<br>**8,022**<br>**5,052**<br>**4,500**<br>**21**<br>**19,674**<br>**37,269**<br>**2023**<br>**£**<br>7<br>6|2022<br>£<br>22,214<br>40,548<br>62,762<br>2022<br>£<br>17,733<br>11,349<br>18,748<br>21<br>18,938<br>66,789<br>2022<br>£|
|---|---|---|
|Loans|45,~~4~~37<br>~~------------~~|17,204|
||**45,437**|17,204|






**12. Analysis of net assets between funds - 2023** 

|Tangible fixed assets<br>Net Current Assets (Liabilities)<br>Long Term Liabilities||**Restricted**<br>**funds**<br>**£**<br>-<br>53,849<br>-<br>53,849<br>8<br>8|**General**<br>**funds**<br>**£**<br>1,854,242<br>(49,928)<br>(45,437)<br>1,758,877<br>7<br>8||**Total**<br>**funds**<br>**£**<br>**1,854,242**<br>**3,921**<br>**(45,437)**|
|---|---|---|---|---|---|
||||||**1,812,726**|



## **Analysis of net assets between funds - 2022** 

|Tangible fixed assets<br>Net Current Assets (Liabilities)<br>Long Term Liabilities||Restricted<br>funds<br>£<br>-<br>209,564<br>-<br>209,564|General fund<br>£<br>1,027,921<br>(82,960)<br>(17,204)<br>927,757|Total funds<br>£<br>1,027,921<br>126,604<br>(17,204)|
|---|---|---|---|---|
|||||1,137,321|



## **13. Pension scheme** 

The pension scheme in operation is compliant for auto enrolment purposes and all staff eligible are registered. Pension contributions owed as at 31.01.23 £746 (2022: £1,759). 




## **14. Movement in funds 2023** 

|**Movement in funds 2023**|||||||
|---|---|---|---|---|---|---|
|||||||**At 31**|
||**At 1 February**<br>**2022**|**Incoming**<br>**resources**|**Outgoing**<br>**resources**|**Transfer**|**Asset**<br>**Transfers**|**January**<br>**2023**|
|Restricted Funds:|**£**|**£**|**£**||**£**|**£**|
|Big Lottery Fund|20,788|103,615|(128,435)|4,032|-|**-**|
|Veolia Environmental Trust|112,453|153,945|-|-|(225,556)|**40,842**|
|London Marathon Charitable<br>Trust|39,762|71,000|-|-|(110,762)|**-**|
|City of London|(32)|-|-|32|-|**-**|
|Heritage Lottery Fund|625|541,738|(2,369)|(2,486)|(537,508)|**-**|
|L.B. Newham|5,549|-|(5,006)|-|-|**543**|
|Thames Water|4,909|-|-|(4,909)|-|**-**|
|UnLtd|233|-|-|(233)|-|**-**|
|Big Issue Invest||12,750|(14,365)|1,615|-|**-**|
|Arnold Clarke|500|-|-|(500)|-|**-**|
|Garfield Weston Foundation|7,240|20,000|(30,713)|3,473|-|**-**|
|Tudor Trust|11,281|30,000|(28,818)|-|-|**12,463**|
|Other restricted funds|6,256|-|-|(6,256)|-|**-**|
|**Total restricted funds**|**209,564**|**933,048**|**(209,706)**|**(5,232)**|**(873,826)**|**53,848**|
|Unrestricted Funds:|||||||
|General fund|927,757|140,788|(188,725)|5,232|873,826|**1,758,878**|
|**Total unrestricted funds**|~~**927,757**~~|**140,788**|**(188,725)**|**5,232**|**873,826**|**1,758,878**|
|**Total Funds**|**1,137,321**|**1,073,836**|**(398,431)**|**-**|**-**|**1,812,726**|
|**Restricted Funds**|**What Used for**||||||
|Big Lottery Fund|To support core running costs for delivery of community volunteering and engagement||||||
||program||||||
|Veolia Environmental Trust|Capital funding for the construction of the Cody Dock community visitor centre*||||||



London Marathon Charitable Trust 

Thames Water Heritage Lottery Fund 

Capital funding for the construction of the Leaway Wash block and toilets* 

Core  funding  for  delivery  of  social  prescribing,  volunteering and youth engagement program. 

Garfield Weston Foundation 

Tudor Trust 

Thames Water 

Capital  and  Core  funding  towards  restoration  of  Cody Dock,  construction  of  Rolling  Bridge,  management  and delivery  of  citizen  science  ecology  program,  capital contribution towards the community visitor centre 

Used to cover salary of an Environmental Project Assistant and purchase of materials to engage volunteers in direct activities to support our community environmental project, Cody Wilds specifically focusing on the development and preservation of the natural environment i the area 

Used to cover salary of an Inclusion and Engagement Manager to facilitate, in partnership with local partners ,social prescribing engagement and intervention of isolated people who may be affected by mental health difficulties inviting them to volunteer with us with aim of delivering benefits of engaging with nature and contributing something to their local community. 

This  was  funding  included  capital  funding  towards  our mains connections associated with the London Marathon  wash  block  project  and  some  core  funding  to support GDP running costs and professional fees 




Other restricted funds 

Core Funding 

Uni Ltd 

Capital funding for construction of 6 new studio buildings and associated landscaping and power connections.* 

## **14. Movement in funds continued** 

## **Movement in funds 2022** 

|**At 1 February**<br>**2021**<br>Restricted Funds:<br>**£**<br>Big Lottery Fund<br>24,391<br>Veolia Environmental Trust<br>143,244<br>London Marathon Charitable Trust<br>28,973<br>City of London<br>37,358<br>Heritage Lottery Fund<br>187,216<br>L.B. Newham<br>400<br>Thames Water<br>4,909<br>UnLtd<br>170,205<br>Access-Impact Management<br>Arnold Clark<br>Garfield Weston Foundation<br>Tudor Trust<br>Other restricted funds<br>6,256<br>**Total restricted funds**<br>~~**602,952**~~<br>Unrestricted Funds:<br>General fund<br>238,739<br>**Total unrestricted funds**<br>**238,739**<br>**Total Funds**<br>~~**841,691**~~<br>0<br>~~1~~<br>~~0~~|**Incoming**<br>**resources**<br>**£**<br>129,425<br>-<br>70,000<br>-<br>231,198<br>12,814<br>-<br>-<br>6,000<br>500<br>30,000<br>30,000<br>-<br>**509,937**<br>108,711<br>**108,711**<br>**618,648**|**Outgoing**<br>**resources**<br>**£**<br>(133,028)<br>-<br>-<br>(37,390)<br>-<br>(7,665)<br>-<br>-<br>(6,000)<br>-<br>(22,760)<br>(18,719)<br>-<br>**(225,562)**<br>(97,456)<br>**(97,456)**<br>**(323,018)**<br>7<br>1<br>7|**Asset**<br>**Transfers**<br>**£**<br>-<br>(30,791)<br>(59,211)<br>-<br>(417,789)<br>-<br>-<br>(169,972)<br>-<br>-<br>-<br>-<br>-<br>**(677,763)**<br>677,763<br>**677,763**<br>**-**|**At 31**<br>**January**<br>**2022**<br>**£**<br>**20,788**<br>**112,453**<br>**39,762**<br>**(32)**<br>**625**<br>**5,549**<br>**4,909**<br>**233**<br>**-**<br>**500**<br>**7,240**<br>**11,281**<br>**6,256**|
|---|---|---|---|---|
|||||**209,564**|
|||||**927,757**|
|||||**927,757**|
|||||**1,137,321**|



## **15. Reconciliation of net income / (expenditure) to net cash flow from operating activities** 

|**Net income / (expenditure) for the reporting period**<br>**(as per the statement of financial activities)**<br>Depreciation<br>(Increase)/ decrease in debtors/stock<br>Increase/ (decrease) in creditors<br>Net cash provided by / (used in) operating activities|**2023**<br>£<br>**675,405**<br>**109,510**<br>**£39,255**<br>**£15,918**<br>~~**840,088**~~|**2022**<br>£<br>295,631<br>36,569<br>(£47,038)<br>£5,530<br>~~290,692~~|
|---|---|---|



## **15 Related party transactions** 

There were no related party transactions in the financial year.