Charity No. 1141523
Company Reg No. 7135282
Gasworks Dock Partnership
OffKe'. Cody Dock. I Ic South Cre5cenL CanningTown. London El 6 4TL
Gasworks Dock Partnership
(A company limited by guarantee)
Report and Financial Statements
Year ended 31 January 2024
Charity number 1141523
Company number.. 07135282
MadÈposSib￿wlth
COMMUNITY
FUND
Heritage
Fund
Thames
Water
the
Tudortrust G) VEOLIA
ENVIRONMENTAL
TFIU5T
Garfield Weston
FOUNDATION

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
CONTENTS
Report of the Trustees
Pages 3-13
IndependentAuditor's Report
Pages 14-16
Statement of Financial Activrties
Page 17
Balance Sheet
Page 18
Statement of Cash Flows
Page 19
Notes to the Financial Statements
Pages 20-29

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Charity Number
Company number".
1141523
07135282
Principal Office..
Cody Dock, 11 c South Crescent, London E16
Directors and trustees
Chair..
Marcus Mackenzie
(Appointed Dec 2016) (Re-appointed Nov
20221
Company Secretary..
Timothy Vaughan
(Appointed April 2018, Re-appointed October
20211
Treasurer..
David Asuni
(Appointed Sept 2015, Re-appointed Nov 20221
Trustees..
Martin Torres
(Appointed April 2018, Re-appointed Nov 2022}
Bianca Mawani (Appointed June 2016, R&appointed October
20211 (currently on an extended leave of absence)
Oyetade Oyebode
(Appointed 22nd March 2022)
Chief Executive offi￿r..
Simon Myers
(Appointed Oct 2015}
Our advisers
Architects..
Office for Crafted Architecture, Unil 2. Cody Dock, 11c South Crescent, London
E164TL
Auditors-
Goldwins Chartered Accountants, 75 Maygrove Road, London, NW6 2RG,
United Kingdom
Solicitors..
Freshfields Bruckhaus Deringer LLP, 100 Bishopsgate London EC2P 2SR
Bankers..
Triodos, Brunel House, 11 the Promenade, Clifton, Bristol BS8 3NN
CAF Bank Limited,. 25 Kings Hill Avenue,. Kings Hill., Wesl Malling., Kent,. ME19 4J

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
The trustees are pleased to present their annual report together with the financial statements of the
harity for the year ended 31 January 2024, 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 IFRS 102 - second edilionl
{Charities SORP FRS 102).
Chief Executive's Report
With the great news of our successful application the National Lottery Community Fund's Climate Action
Fund, 2023 got off to a running start with the recruitment of a new lead biodiversity officer and a new
youth and education manager, with responsibility to manage the delivery of our environmental citizen
science and education programs. Delivery days and participation rates across all our activities
increased by 68% within this reporting period and with the additional resour￿$ funded by TNLF, we
were able to launch a new therapeutic gardening program that has enabled us to work with traditionally
harder to reach groups within our local community.
In March 2023 we also started a one year Heritage Fund development phase pilot project called
'Lighting Up the Lea, and in November 2023 we submitted a final stage delivery phase application for
the restoration of our historic boat the Frederick Kitchen, construction of a new multi-purpose exhibrtion
and event space, supported by a three year Lea River Heritage program. We have Sin￿ heard that this
application was successful and this project commenced in April 2024.
Cody Dock Fundraising & Sustainability
GDP has a number of capital projects OLrtlined within its master plan that have yet to start or be completed
and we will in the coming year continue to seek further grant funding to help realise these projects.
Organisational sustainability and reducing our dependence on grant funding to meet our core revenue
costs continues to be a key priority and it is our intention to develop further our social enterprise activity
with the rental of our new venues, studios and increased sales from our riverside bar and public events.
In November 2023 we undertook a full review of our charity's business and development plan and have
outlined the details for these current and future capital projects below.
Heritage Fund LUTL development grant Icompletedl
Heritage Fund LUTL Delivery (Secured) (Award £1,676,097 March 2024 - March 2027}
Community Ownership Award1 £335,00 Offered in March 2024 and secured in September 20241
Big Issue Invest Loan (£150,000 unsecured loan covered by Heritage Fund capital grant)
Veolia Environmental Trust (completed)

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
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 experien￿,
the creation of training and employment opportunities by the provision of workspace, buildings
andlor land for use on favourable terms,
the maintenan￿, 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 Ihe provision of recreational facilities for the public at large andlor
those who, by reasons of their youth, age, infirmity or disablement, poverty or social and
economic circumstances, have need of such facilities,
the promotion ofthe 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, Conse￿ation, environmental studies and sustainable
development, particularly but not exclusively in respect of the nation's watemays 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 detemiined and which are exclusively charitable.
Our vision conlinues to be the provision of a pedestrian gateway to the existing Lower Lea River
footpaths and operating Cody Dock as a flagship centre for community, 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 lo 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, watenmays and industrial heritage.
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 ac￿SSIbIlitY of our public, community and event spa￿$ 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 al limes that are open and inclusive
whilst focusing on having a particular Significan￿ to different religious or cultural traditions that
reflect the full spectrum of Newham's diverse communities.

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
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 al Cody Dock.
Provision of public Spa￿ and facilities at Cody Dock that enable aC￿sS to and the enjoyment of
the Lower Lea River and Cody Wilds footpaths.
We have continued to support and nurture partnerships with other local and national groups and
organisations that share our values..
The Royal Horticultural Society
Thames 21 and Love the Lea
Totally Thames
Open City's Open House
Newham Council
V&A East
Westminster University
One Newham
Rosetta Arts
The Line Art Trail
London National Park Crty
Our broad strategy aims to involve as many local residents, community groups and businesses as possible
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 4,576 volunteers who catered for over 100,000 visitors during our fourteenth year of activities.
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

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Achievements and performance
GDP has achieved a number of things during the year..
Successfully completed the first year of the Community Fund's Climate Action Funded 5 year
biodiversity program and reached all its targets and remained on budget.
Completed construction of our Visitor Centre.
Planted a further 500 trees within the local area.
Completed the construction of the Growing Space.
Recruited a new biodiversity and education team
Installed a new temporary boat repair shed and stabilised the condition of the Frederick Kitchen.
Community Volunteering- Volunteer Sessions and Completed Hours - 1st February 2021 to 31st
January 2024
rtX.tommunhYWunMoti￿.y*i￿lttr5￿￿f*11JndCom￿otQdll¢￿
IWFebru4ry2021-3l-14n￿ry20z4
4839
1284
FY2021121
FY2022J23
TotalvL4untwr5*5sbn5 Corr•let•d
Toti1Vo￿nl￿orSW￿Sc0￿￿&l9d
Factors contributing to increase in overall numbers achieved in the previous year
Commencement of Urban Ecology programme with focus on engagement with local and
surrounding schools and scheduled community science focused events run in the evenings and
weekends.
Introduction of scheduled sessions focusing on therapeutic horticulture with both individuals and
local groups.
New opportunities available as part of the proof of concept for our boat restoration and
heritage pavilion build.
Re-commencement of our Gommunity events offering a wide range of volunteering
opportunities to help publicise,. set up for and support on the day.

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
st
Community Volunteering- Volunteer Hours by Related Project- 1st February 2021- 31 January
2024
C￿￿2-cOmUThItyV￿uTrtee￿n1
Totalvolunteer Hours by RelatedPrdett
l* February2021- 315tlanuary2024
165Q1657
239 124
423
396 J89 359
30
94
ts141￿￿ >Je￿ar
FYZO2iRP
FY20221è5
Fy￿2￿￿￿4
1791
3Y&
2322
1650
1657
Goi
As shown in Chart 2 the Urban Ecology programme of work played a significant part in the overall increase in
volunteer hours., within this programme ofwork there are a number of different workstreams,. Chart 2a shows
the contribution made by each of these.
Chart 2a- Urban Ecolo8y- Completed Hours by Workstream
I" February 2023-31-Janu¥ry2024
3548
35
2%)0
E74
iy)o
1272
612
305
256
Communrty 5riencE
Environrnfntal Outreach
Event5- Ethlbitions
Habitat + RE5tor?tk)n
Thurapeulic Gardenin8
Youth Enga6ernEnt

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
As shown below ourfee-paying offering continued to produce good results with almost no change in the record
highs recorded in the previous year. The slight decrease in the actual number of organisations can be attributed
to our withdrawal of half day opportunities to make best use of our available resource whilst providing a better
all round experien￿ for attendees.
Fee- Paying Volunteering at Cody Dock - 1st February 2021- 31st January 2024
As shown in Chart 4, a high proportion of the organisations volunteering were keen to participate and
conlribute to our Urban Ecology programme.
Chart 4 PayingVoluthtoorin8 at Cody Dock
Completed VolunieÈr Hour5 by Re￿ared Project
1st Februèry 2021- 3151 January 2024
IL_-L
FY?WZI?3
Q23124
Dat
REsturtht
E￿5
All Bullus
tY2WkX121
419
370
7LI
41S
?rJq
FY2ts22124
Z2
4fi
]61
BLT
Volunteers, area of residence
This shows the area of residence specified by individuals who have completed volunteer hours be￿een the
period 1st February 2021- 31 st January 2024.
Chart 5- New v0luntee￿-Area of Residence (% of 83gelinel
I"February 2021- 31° january 2024
80
73
70
6?
2QJl.12145flre-87
49
1023.14B￿okot. L60
zo
io
Fyzozi.
FYI￿3.1>
FY202>Z4
T￿et80T￿b￿ ￿OtherLO￿dO￿umth -OuthdeLonL
We are not unduly concemed about the apparent decrease in new volunteers from the target boroughs as this
does not reflect the engagement and participation from the local schools. Our use of volunteering platforms
such as 'Volunteering London, has provided us with a wider target audience. The attraction of the Rolling
Bridge has brought in a wider audience who might come specifically to view the bridge but then sign up to
participate in other activities.

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Events
The number of attendees at our community events has continued to increase as we are able to facilitate
our full schedule. As we go fomard we anticipate this will continue to increase as we increase the number
of ServI￿S which we offer.
th&rt 6. Commurtlty&*rtts èt cody E)odL
iyt Fobru•ry2021- #1" Janu4ry2024
1534
865
FY2011-22
FY 2022 23
FY 21ll3.24
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.
Chart 7-Loc31 Org3ni5*ion5-Volunteer Nufflber5 3nd Completed Hours
l* FebruaTy1023-2l*January 2024
RrArrhlV￿tt
No. DfV4lunte*r5
Lompleted Hour5
10

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Engagement with Local Schools
We continue to liaise with local schools to provide 'hands on, learning experience supporting their classroom
learning,. as anticipated the appointment of a full-time Bio-Diversity Officer and Education Officer have
enabled GDP to hit the ground running with school participation in the Urban Ecology programme and
engagement with local youth organisations.
Chart 8- Schools- WisÉts/Activltles
I" February 2021- 31" January 2024
Jsoo
Isoo
Hours
No. of At¢endee5
5(Kl
No of Vislts
FY 202V22
FY 202212J
FY 20231.24
28
• No 01w￿l¢S
Mo, of Attortd*•s-
How5
965
531
1081
3445
-d
Signed:
Simon Myers Chief Executive
Gasworks Dock Partnership
11

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Financial review
Results for the year ended 31 January 2024 are given in the Statement of Financial Activities. The assets and
liabilities are given in the Balance Sheet. The finanaal statements should be read in conjunction with the related
note5.
GDP continues to be heavily reliant on grants and donations for its funding. Our restricted income for the financial
year was £511,061 12023 £933,048}, this funded a very significant proportion of the net cash flow5 for investing
activities of £125,71912023 £935,831) in the financial year. Unrestricted income for the financial year was
£141,192 12023 £140,787), however unrestricted expenditure was £190,463 12023 £188,724} resulting in
unrestricted income deficit of £49,271 12023 deficit of £47,937) for the financial year ended 31 January 2024. Thus,
as those fixed asset additions that are funded by restricted income are transferred to unrestricted reserves, the
charity's positive unrestricted reserve5 are entirely invested in the designated fixed assets of £1,870,683 (2023
£1,854,242}- This shows that the charity is SLKcessfully putting in place the infrastructure essential to Sustainable
delivery of its purpose (See Note 13 of the financial statements); however, after accounting for fixed assets, the
charity has negative unrestricted reserves of £118,664 (2023 C95,3641.
The financial staternents have been prepared on a going concern ba51S.
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 ha5 an unrestricted free reserves deficit, and GDP therefore has not met its unrestricted fr
reseryes 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
build5 towards its unrestricted free reserve tx)licy level via income generation from social enterprise activities in
the coming years.
Plans for the future
Looking foNard to the financial year 2024-5, the charity is focusing its attention on the following
objectives:
• Delivering GDP'S climate action programme funded by the National Lottery.
• Delivering GDP'S Heritage programme funded Heritage Lottery.
Deliver and expand programme of therapeutic and s￿la[ prescribing opportunities to be delivered
within the 'Growing Space,
• Completion of our Community Ownership Fund C Veolia Environmental Trust funded vi51tor 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. Govemance and Management
Gasworks Dock Partnership 15 a company limited by guarantee governed by it5 Memorandum and
Articles of Association dated the 22nd January 2010 and is registered as a charity wth the Charity
Commission.
12

Gasworks Dock Partnership (GDP)
Report of the trustees for the year ended 31 January 2024
Structure, Governance and Management
Gasworks Dock Partnership is acompany limrted byguarantee govemed by its Memorandum andArtides of
Association dated the 22nd January 2010 and is registered as a charity with the Charity Commission.
Appointment of trustees
There were no new appointments to the board during this financial year.
Organisation
The board of trustees, which can have up to 15 members, prowdes governance and oversees the administration of
the charity. The board currently meets approximately every six weeks. A Chief Executive is apwinted 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 actiwty.
Related Parties NIA
Risk management
The trustees have a risk management strategy and cOndl￿ 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 Gaswork5 Dock Partnership for the purpose5 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 reqLllres 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.
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 Charitie5 SORP;
make Jl￿gementS and estimates that are reasonable and prudent.
state whether applicable accounting standard5 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 wll 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 2CIJ6. 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 1 Oth September 2024 and signed on
their behalf by
Marcus Mackenzie - Chair
Company registration number 07135282
13

- give a true and fair view of the state of the charitable company’s affairs as at 

- 

- 

ʼs ʼs Ethical Standard and we have fulfilled our other ethical 

’ use of the going concern basis 

ʼs report thereon. Our 




- the information given in the trustees’ report (incorporating the directors’ report) for the financial 

- the trustees’ report (incorporating the directors’ report) ha 

course of the audit, we have not identified material misstatements in the Trustees’ Annual Report. 

- 

- 

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

- 

As explained more fully in the Trustees’ Responsibilities Statement, the 

Charity’s 

ʼs report that 



- 

   - 

   - 

   - 

- 

- 

- 

- 

- 

ʼs website at: [www.frc.org.uk/auditorsresponsibilities]. This description forms part of our auditor’s report. 

y’s members, as a body, in accordance with the charity’s members those matters we are required to state to them in an auditor’s report and for no anyone other than the charity and the charity’s members as a body, for our audit work, for this report, 

………………………………. 


7/10/2024 



Gasworks Dock Partnership
Statement of Financial Activities Ilncorporating and Income and Expenditure Account)
Forthe Year Ended 31 January 2024
Unrestricted
funds
Restricted
funds
Note
2024 Total
2023 Total
Income from:
Donations & Grants
7,126
511,061
518,187
954,774
Charitable Activities
134,066
134.066
119,062
Total income
141 192
511061
652 253
1 073 836
Ex
enditure on:
Fundraising
9,600
Charitable activities
190,463
447,963
638.426
388,831
Totsl expenditure
190 463
638 426
398 431
Not income I (expenditure} for the ygar
{49.271}
63.098
13.827
675,405
Fund transfors
42,412
16.859}
142,4121
20.686
Net movement in funds
13.827
675,405
Reconciliation of funds-
Total funds brought forward
Designated Funds-Fixed Assets BIF
15
195,3641
1,854,242
53,848
141,5161
1,854,242
109,400
1,027,921
Total funds carrled forward
1,752,019
74,534
1,826,553
1,812,726
All of the above results are derived from continuing activits'es.
There were no other recognised gains or losses other than those staled above.
The attached notes form part of these financial slatemenls.
17

Gasworks Dock Partnership
Balance Sheet
As at 31 January 2024
Note
2024
2023
Tangible fixed assets
1,870,683
1,854,242
Current assets:
Debtors
Cash al bank and in hand
10
37,985
2,835
40,820
23,506
17,684
41,190
Creditors: amounts falling duo within
one year
11
148.8771
{37,2691
NET CURRENT ASSETS
18.0571
3,921
TOTAL ASSETS LESS CURRENT LIABILITIES
1,862,626
1.858,163
Creditors: Amounts Falling Due After
More Than One Year
12
{36,0731
{45,4371
Net assets
13
1,826,553
1,812,726
Funds
Designated Funds-Fixed Assets
Unrestricted Funds
Total Unrestricted Funds
1.870,683
1118,6641
1.752,019
1,854,242
195,3641
1.758,878
Reslricled Funds
74.534
53,848
Total funds
15
1.826,553
1.812,726
The financial statements have been prepared in accordance with the special provisions for small
companies of the Companies Act 2006.
10th September .2024 and signed on ils behalf by..
Approved by the Trustees Board on....
Marcus Mackenzie- Chair
Chairman and Treasurer, Trustees Board
Company Registration Number 07135282
The attached notes form part of the financial statements.
18

Gasworks Dock Partnership
Statement of cash flows
For the Year Ended 31 January 2024
Note
2024
2024
2023
2023
Cash flows from operating activities:
Net cash provided by I (Ljsed inl operating activities
16
120,234
840,088
Cash flov￿ from investing activities:
Net Cash Flows from Investing Aclivities-Fixed Assets
(125,7191
1935,8311
Cash provlded by I (used In) Investlng actlvltles
1125,7191
{935,831)
Cash flows from flnanclng actlvltles:
Repayments of borrowing
{9,3641
{17,204)
Cash provided by I (used inl financing activities
(9,3641
(17,204)
Change in cash and cash equivalents in the year
{14,8491
(112,947)
Cash and cash equivalents al the beginning of the year
17,684
130,631
Cash and cash equivalent$ at the end of the year
2,835
17,684
19

Gasworks Dock Part
Notes to the financial statements
For the Year Ended 31 January 2024
Accounting policies
Basis of preparation
The financial ststemenls have been prepared in accordance with Accounting and Reporting by Charities..
Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021- (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 staled in the
relevant accounting policy or note.
Going Concern
At the lime of approving the financial slalements the directors have a reasonable expectation that the
company has adequate resources lo continue in operational existence for the foreseeable future.
From the year ending January 2024, Gasworks Dock Partnership IGDPI 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
lo 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 lo meet its working capital liabilities through the management
of the nomial cyclical nature of receipts and payments.
The directors continue to adopt the going concern basis of accounting in preparing the financial
stslements.
Income
Income is recognised when the charity has entitlement to the funds, any performance conditions attached
lo the income have been met, il is probable that the income will be received and that the amount can be
measured reliably.
Income from government and other grants, whether 'capilal' grants or 'revenue' grants, is recognised
when the charity has entitlement lo the funds, any performance conditions attached to the grants have
been met, il is probable that the income will be received and the amount can be measured reliably and is
not deferred. Income re￿iVed in advance for the provision of specified service is deferred until the
criteria for income recognition are mel.
Donations of gifts, services and facilities
Donated professional ServI￿S 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 mel,
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 IFRS 1021, 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 lo pay lo obtain
services or facilities of equivalent economic benefit on the open market,. a corresponding amount Is then
recognised in expenditure in the period of re￿ipt.
20

Gasworks Dock Part
Notes to the financial statements
For the Year Ended 31 January 2024
Accounting policies Icontinuedl
Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured reliably
by the charity,. this is nomially upon notification of the interest paid or payable by the bank.
Fund accountlng
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 al their discretion
lo set aside lo use for a specific purpose. Restricted funds are donations which the donor has specified
are lo 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 conslruclive obligation lo make a payment to a third
paty, it is probable that settlement will be required and the amount of the obligation can be measured
reliably. Irrecoverable VAT is Charged as a cost against the activity for which the expenditure was
incurred. 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.
Allocatlon of support costs
Support costs are those functions that assist the work of the charity but do not directly undertake
charitable activities. SLJPPOrt costs include back office costs, finance, personnel. payroll and governance
costs which support the charity and ils and aclivilies. These costs have been allocated between cost of
raising funds and expenditure on charitable aclivilies.
Tangiblg fixed assets
Items of equipment are capitalised where the purchase price exceeds £1,000. Depreciation is provided at
rates calculated lo write down the cost of each asset lo ils estimated residual value over ils 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 al the settlement amount due. Prepayments are valued at the
amount prepaid nel of any trade discounts due. Trade debtors are adjusted for bad debt provisions
Cash at bank and in hand
Cash al bank and cash in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the dale of acquisition or opening of the deposit or similar account.
21

Gasworks Dock Part
Notes to the financial statements
For the Year Ended 31 January 2024
Accounting policies lcontinuedl
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 lo a third paty and the amount due to sellle 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.
Flnanclal Instruments
The eharity only has financial assets and financial liabilities of a kind that qualify as basic financial
inslrumenls. 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 al
amortised cost using the effective interest method.
Pensions
The pension scheme in operation is compliant for auto enrolmenl purposes and all staff eligible have
been registered.
Detailed comparatives for the statement of financial activities
Unrestricted
funds
Restricted
funds
2023 Total
Income from:
Donations & Grants
21,725
933,048
954,773
Charitable Activities
Total income
119,062
140.787
119.062
1,073.835
933,048
Ex
enditure on:
Fundraising
9,600
9.600
Charitable activities
179,124
209,706
388,830
Total expenditure
188.724
209.706
398.430
Net income I lexpenditurel for the year
Transfers between funds
147.937)
879,058
723.342
1879,0581
675.405
Net movement in funds
831.121
1155,716}
675.405
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
927.757
1,758,878
209,564
53,848
1,137.321
1,812.726
22

Gasworks Dock Partnership
Notes to the financial statements
For the Year Ended 31 January 2024
Income from donations
2024
Total
2023
Total
Unrestrieted
Restrieted
Donations
Grants
6,126
1,000
7,126
1,661
509,400
511,061
7.787
510,400
518,187
16,726
938,048
954,774
Income from charitable activities
2024
Total
2023
Totsl
Unrestricted
Restricted
Dock Income
Events Income
Other Income
Total
76,908
49,637
7,521
134,066
76,908
49.637
7,521
134,066
58,377
45,789
14,896
119,062
23

Gasworks Dock Partnership
Notes to the financial statements
For the Year Ended 31 January 2024
Analysi$ of expgnditure 2024
Cost of
raising Charitablg
funds
activities
Basis of
allocation
Support Governan¢è
costs
Costs
2024
2023
Stsff costs
Direct
244.775
14,827
259,602
249.500
Direct costs
Direct
374,325
4,500
378.824
148,931
Support costs
Staff lime
619,099
14.827
4.500
638,426
398,431
Support costs allocation
19,327
114,8271
14,5001
Total expenditure 2024
638,426
638,426
398.431
Total expenditure 2023
9,eOO
388,831
398,431
Of the l¢)lal expenditUTe. £190.463 w8s unre$lricted12023". £188,72418nd £447.963 w8s reslricted12023'.
£209,706)
Analysls of 8xpèndltur8 2023
Cost of
Basis of raising Charitable
allocation
funds
activitl•s
Support Governance
costs
Costs
2023
Staff costs
Direct
223,3S6
26,134
249.501
Dirèct eosts
Direct
9,600
134,831
4,500
148.930
Support costs
Staff lime
9,600
358,197
26.134
4.500
398,431
Support costs alloc8tion
30.634
126.1341
14,5001
Total expenditure 2023
9,600
388,831
398.431
24

Gasworks Dock Partnership
Notes to the financial statements
For the Year Ended 31 January 2024
Net incomellexpenditurel for the year
This is staled after charging..
2024
2023
Depreciation
Audit fee (excluding VATI
109,278
3,750
109,510
3,750
Taxation
The charitable company is exempt from eorporation tax as all ils income is charitable and is applied for
charitable purposes.
Analysis of staff costs. trustee remuneration and expenses. and the cost of key management
personnel
2024
2023
Salaries and wages
Social security costs
Pension costs
239,712
15,273
4,617
259,602
231,240
14,375
3,885
249,500
No employee received remuneration in excess of £60,000 in the year12023". one).
The total employee benefits including pension contributions of the key management personnel were
£49,64212023.' £60,1551
The charity trustees were not paid or received any other benefits from employment with the Charity in
the year 12023.. £nill neither were they reimbursed expenses during the year 12023 £nill. No charity
Iruslee received payment for professional or other services supplied to the charity12023.. £nill.
The average number of employees {head count based on number of stsff employed) during the year was
as follows..
2024
No.
2023
No.
Average Number of Staff Employed
10
25

Gasworks Dock Partnership
Notes to the financial statements
For the Year Ended 31 January 2024
Tangible fixed assets
Dock
Equipmenu
Studiosl
Tools &
Boats Restoratlon Equipment
Total
Cost:
At l February 2023
Additions
At 31 January 2024
199,380
1,830,387
125,719
1,956,106
25,882
2,055,649
125,719
2,181,368
199,380
25,882
Depreciation:
At 1 February 2023
Charges in year
At 31 January 2024
23,946
3,988
27,934
151,579
105,290
256,869
25,882
201,407
109,278
310,685
25,882
Net Book Value-
At 31 January 2024
171,446
1,699,237
1,870,683
At 31 January 2023
175,434
1,678,808
1,854,242
al All tsngible 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.Incomplele assets..
2024.. £382,06612023.' £256,347)
bl Restricted assets: 2023 £1,730,05212023: £1,730,052>
10. Debtors
2024
2023
Trade Debtors nel of bad debt provision
Prepayments & Aecrued Income
13.979
24,006
37.985
19,009
4,497
23,506
11. Creditors- amounts falling due within one year
2024
2023
Trade Creditors
Taxation and Social Security
Accruals and Deferred Income
Other Creditors
Loans
26,738
5.733
4,500
1.768
10,138
48,877
8,022
5,052
4,500
21
19,674
37,269
12 Creditors: amounts falling due after one year
2024
2023
Loans
36,073
36.073
45,437
45,437
26

Gasworks Dock Partnershlp
Notes to the flnan¢lal statements
For the Year Ended 31 January 2024
13 Analysls of net assets tse￿een funds . 2024
Rè5trict8d
funds
General
funds
Total
funds
Tangible fixed assets
Net Current Assets (Liabilities)
Long Term Li8bilities
1,870,683
182,5911
136.0731
1.870,683
18,0571
136,073
74,534
74,534
1,752,019
1 826 SS3
Analysls of net assets behveen funds . 2023
Restricted
funds General fund
Total
nds
Tangible fi'xed assets
Net Cuirent Asset5 ILiabilitiesl
Long Temi Liabilities
1,854.242
149,9271
145,4371
1.854.242
3,921
145,4371
53,848
53,848
1,758.878
1.812.726
14 Penslon scheme
The pension scheme in operation is compliant for auto enrolment purposes and all staff eligible are registered.
Pension contributions owed as at 31.01.24 £86912023.. £7461.
15 Movement In funds 2024
At31
Asset January
Transfers
2024
At 1 February
2023
Incomlng
resources
Outgoing Transfer
resources
Restricted Funds".
Community Fund ITNLCFI
Veolia Environmental Trust
City of London
Heritage Fund ITNLHFI
L.B. Newham
Big Issue Invest
Garfield Weston Foundation
Tudor Trust
Cockayne Foundation
Climate Action Fund ICAFI
Other restricted funds
Total restricted f4Jnd
31,294
17,105
62,500
133,553
146.1741 14,880
18.628
40,841
176.5741
146,9131
1120,*51
15,587
12,588
543
10,125
15,075
11,611
6,514
543
10,125
20,000
30,000
15,000
183,874
7,610
511,061
14,9251
130.8531
18.4861
1183.8741
15.7731
654
1447,9631 34.162
12.464
2,491
74,534
53,848
176,5741
Unrestiicted Funds".
General fund
Total unrastriet•d funds
1,758,878
1,758,878
141,192
141,192
1190,4631 134,1621
1190.4631 134.1621
76.574 1.752,019
76.574 1.752,019
Total Funds
1,812,726
652,253
1638.4261
1,826,553
27

Gasworks Dock Partnershop
Notes to the flnanclal statements
For the Year Ended 31 January 2023
15 Movement in funds continued
Rastrietèd Funds
Community Fund ITNLCFI
What Used for
GDP was 8warded four y8ar8 ofRea¢hlng Communltles IRC2lfunding from the
Community Fund for ils volunteer program which conduded in March 2023 and w85
fortunate enough 10 Secure a further £1.2m over 5 years through the N¥lional Lollery
Community Fund's Cllmate Actlon Fund ICAFI which started In April 2023. This funding Is
primariWfor the 5al¥rEs necessary lo deliver our comrllunity environrnenlal citizen
s￿en￿ and schools programs, core 8drninislration, freelan￿ workshop and
therapeutic gardening activity managers and associated administration and project running
costs.
Veoli3 EnviroDmental Trust
Capital funding towards thè construction of Cody Dock's community visitor cenlre. These
funded work$ were compl&ted in DecÈmb&r 2023. GDP applied lo the Community
Ownership Fund for an additional £285k of tapital funding and £SOk of revènue funding 10
omplete the frtoul of the community centre and a550Giated landsGaping of the adjarent
public realrn and Gonslruclion of a sm811 community kitchen. The appliGalion wa5
sucTrssful and works will commence in April 2024.
Heritage Fund ITNLHFI
Development grantfunding lo aid the subrnission of a delivery grant application in
Nov&m￿r 2023. The project Induded thè feasibility. design and proied planning for 2 3
year capital bu1￿ and heritage programming proi&tt that was suttsssfully awarded in April
2024.
Big Issue Invast
Are a longstanding sUPPOrter of GDP both in terms of giant funding. social enterprise
finance and professional support. GDP ￿Mpleted ils final repayment of a loan from Bll in
February 2024 that was used lo r8slore the Docklands Community Boat and In april 2024
look out a n8w loan of £150k lo provide cashflow for a new capital project lo construct
small museum and exhibition space that is fully funded by the National Lottery Heritage
Fund.
Garfield Weston Foundation
Has provided core funding toward8 th& salaries associ8ted with our community
engagemÈnl team.
Core funding lo cover s81aries over thre8 y&ars toward8 G88works Dock Partnerships work
on wider inclu810n within it8 volunte&r program and developing social prescribing al Cody
Dock.
Tudor Trust
Cock8yn& Foundation
For the delivery of 8 new environmental arts commission under the program title of
Lighting Up the Lea. The project consisted of N¥0 parts, firstly an artist in resid&ncy
opportunity which started in Nov&mb8r 2023. followed by th& Installation of an exhibition
which ran from April 2024 till June 2024.
started In April 2023. This funding is primarily for the salaries necessaryto dÈliver our
ommunily environmental citEen science and schools programs, core administration,
freelance wotkshop and therapeutic gardening activity managets and a$sociated
adminislralion and projeGt running Gosts.
Core Funding
Capital expenditur& funded from restricted Income is transferred lo unrestricted funds as the restriction is con8KJered to have been
Climate A¢tion Fund ICAFI
Other restricted funds
28

Gasworks Doek Partnership
Notes to the flnanclal statements
For the Year Ended 31 January 2023
15 Movement in funds continued
Movement in funds 2023
At31
A58et January
Transfers
2023
At 1 February
2022
Incoming
rèsoureès
Outgoing Tran¥fer
resources
Restricted Funds..
Big Lottery Fund
Veolia Environmental Trust
London Marathon Charitable Trust
City of London
Heritage Lottery Fund
L.B. Newham
Tharnes Water
UnLtd
Big Issue Invest
Arnold Clarke
Garfield Vveston Foundation
Tudor Trust
Other restricted funds
Total restrlcted funds
20.788
112.453
39,762
1321
625
5,549
4,909
233
103,615
153,945
71,000
1128.4351
4.032
1225.5571
1110.7621
40,841
32
12.3691 12,4861 1537.5081
15,0061
541,738
543
14,9091
12331
1,615
15001
3,473
12,750
114.3651
500
7,240
11,281
6.256
209,564
20,000
30,000
130,7131
128,8171
12,464
16,2561
1209.7051 15.2321 1873,8271
933,048
53,848
Unrestricted Funds..
General fund
Total unrestrlcted funds
927,757
927,757
140,788
140,788
1188,7261
1188,726
5.232
5,232
873.827 1,758,878
873,827 1,758,878
Total Funds
1,137,321
1,073,836
1398.4311
1,812,726
16 Reconciliation of net income I lexpenditurel to net cash flow from operating activitie5
2024
2023
Net income I lexpenditurel for the reporting period
las per the statement of financlal actlvltles
Depreaation
Ilncreasell decrease in debtorslstock
Increa5el Idecie3sel in creditors
Net rash provided by I (used inl operating activities
13.827
675.405
109,278
114,4791
11,608
120,234
109.510
39.255
15.918
840.088
17 Related party transactions
There were no related party transactions in the linanaal year.
29