REGISTERED CHARITY NUMBER: 1147086 Re ort of the Trustees and Unaudited Financial Statements for the Year Ended 31 March 2023 for Weavers Communit Forum WCF
Weavers Communit Forum WCF Contents of the Financial Statements for the Year Ended 31 March 2023 Page Reference and Administrative Details Report of the Trustees 2 10 14 Independent Examiner's Report 15 Statement of Financial Activilies 16 Balance Sheet 17 Notes to the Financial Statements 18 to 23 Detailed Slatemenl of Financial Activities 24 to 25
Weavers Communi Forum CF Reference and Administrative Details for the Year Ended 31 March 2023 TRUSTEES Mr Md Muzammel Hussen, Chairperson {Trustee) Mr Mainul Islam Haider, Secretary (Trustee) Mr Azafar Miah, Treasurer (Trusteel Mr Nurul Anwar (Executive Council Member) Mr Xuseen Sabriye Abdiweli, Vice Chair {Trusteel (Executive Council Member) Mr Monjur Choudhury (Executive Council Member) Mr Abdullah Al-mamun (Executive Council Member) (appointed 13.6.22) Mr Mokbul Hussain (Executive Council Member} lappoinled 13.6.22) Mr Abdul Hakim (Executive Council Member) (appointed 13.6.22} PRINCIPAL ADDRESS Weaver5 Community Centre 10 Shacklewell Street Bethnal Green London E2 7EG REGISTERED CHARITY NUMBER 1147086 INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E154LY WEBSITE & E-MAIL www.weaversforum.or info weaversforum.or BANK HS8C Bank PLC Page 1
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Background Weavers Community Forum IWCFI is a grass root led charity organisation based in the Weavers ward of London Borough of Tower Hamlels. It is led by a board of local Trustees l Executive Council Members who are working to "empower the local community" The Forum was set up in 2010 lo tackle poverty, deprivalion and the isolalion being experienced by marginalised part of the community. The Forum has long standing reputation within the community in terms of service provision addressing the social, cultural, welfare and economic needs of the Community in Weavers. In recent years. The Forum has extended its service provisions to the wider communrty of the Tower Hamlets Borough and surrounding boroughs. The Forum actively promotes equal opportunities for all. We offer a wide range of services, focusing on health and wellbeing, youth diversionary activities, community projects that tackles Isolation and loneliness and employment training. We support people, particularly those living in disadvantaged urban communilies to re-engage with the mainstream society and improve their skills and quality of life. Our Vision To empower the marginalised members of the society in our local community with the skills, knowledge, and attrtudes they need to change their lives positively for the belter. Our Mission To provide a comprehensive range of services and activities lo enable communities in London Borough of Tower Hamlets and surrounding boroughs to determine and develop thriving places in which to live and work. Our Values Open and accountable, culturally inclusive, integrity and trust, readiness to adapt to changes and make a differen, commitment to equality, community cohesion and empowerment of disadvantaged groups. Page 2
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document Weavers Community Forum, the charity is controlled by ils governing documenl, a deed of Irust, and constitutes an unincorporated Charity. It adopted a constitution in July 2010. The Forum is structured around a Management Committee, which are elected at the Annual General Meeting. The Annual General Meetings are open to all members of the organisation. The Management Committee is composed of 9 elected Executive Council Members of which 4 posts are Honorary Officers (Trustees) and 5 posts are Executive Members. The organisation has the power to co-opt other people as Co-opted Members which the organisation will fill gradually. The co-opted members are selected on an advisory capacity with no voting rights with the aim of ensuring that the Board membership reflects the diversity of the local community. The Management Committee is elected by a ballot of the Members of the organisation at the Annual General Meeting. Following the eleclion or appoinlment, the new trustees are introduced to their new role and given copies of the Constitution and a guide to the policies and prOdureS adopted by The Forum. A number of publications from the Charity Commission are also provided including the guidance on charities and public benefit. This ensures Ihat new trustees are aware of the scope of their responsibilities under the Charity Acl. Initially new trustees work with existing trustees assisting on particular activities and the projects run by the charity. After satisfactory feedback from existing trustees, they are given the task of leading a particular adivity of project, reporting progress at Management Committee meetings. Organisational structure The organisation is slructured with a management committee {Executive Council Members) elected by the general members to oversee the overall activities and one of the committee members is nominated as chairperson, lo monitor the day to day running of the organisation. The following officersltruslees and Executive Council Members of the charity have held Offi for the wholelpart of the period until 31 st March 2023.. Mr Md Muzammel Hussen Mr Azafar Miah Mr Mainul Islam Haider Mr Xuseen Sabriye Abdiweli Mr Monjur Choudhury Mr Nurul Anwar Mr Abdullah Al-mamun Mr Mokbul Hussain Mr Abdul Hakim Chairperson (Trusteel Treasurer ITru5tee) Secretary (Trustee) Vice Chair (Trusteel Executive Council Member Executive Council Member Executive Council Member Executive Council Member Executive Gouncil Member Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assuran against fraud and error. This could include financial mismanagement, data security breaches, lack of internal controls, or inadequate governance structures. We prioritise risks based on their potential impact on the charity's operations and objectives, as well as the likelihood of their occurrence. Focus on identifying the most critical risks that could threaten the organisation's sustainabilily. We Implement robust internal controls and policies to mitigate the identified risks. This could involve establishing clear financial management procedures Page 3
Weavers Communit Fowm WCF Report of the Trustees for the Year Ended 31 March 2023 AIMS AND OBJECTIVES The Weavers Communily Forum has a clear set of aims and objectives that outlines our commitment lo promoting community development and empowering the residents of the London Borough of Tower Hamlets. Here is a summary of the aims and objectives.. Aims: 1. Premises Capacity Expansion.. Collabofale with the Tower Hamlets council to develop a plan that will extend the organisalion 's premises capacily. 2. Inclusivity and Representation.. Foster transparency and inclusivity lo ensure that Ihe organisalion is representative of the community, thereby fostering a genuine sense of ownership among community members. 3. Community Initiatives.. Develop a series of community initialives based on the identified needs of the community through suNeys and consultations. 4. Partnerships work.. Form partnerships with existing community and voluntary organisations within Tower Hamlets and beyond to promole joint working and promotion of services in other borough's. 5. Empowerment of Volunteers and Employees.. Empower volunteers and employees to ensure the sustainabilily of community engagement and services. Objectives: 1. Employment Support.. Provide skill-building training and guidan to unemployed residents, collaborating with local employers to create more opportunities for the local community. 2. Outreach Services.. Provide advice on housing, debt, education, and welfare benefits during non-working hours, including weekends, to assist low-income and disadvantaged families. 3 Educational Support.. Offer additional tuition for school-aged children and support parents in meeting their children's educational needs and aspirations. 4. Workshops and Training.. Organise various training workshops on employment, parenting, homework support, health, and citizenship, addressing the rights-related issues of the community. 5. Recreational Facilities and Community Cohesion.. Provide recreational facilities for local children, youth, and the elderly, promoting community cohesion in the area. 6. Women Empowerment.. Implement projects focused on women's empowerment, including skill-based courses to enhance the employability of local women from ethnic minority backgrounds. 7. Advocacy and Support.. Act as a strong advocate, working with other agencies and public services to alleviate poverty, eliminate Cultural and language barriers, and enhance the living standards of families in the London Borough of Tower Hamlets and neighbouring boroughs. 8. Commitment to Best Practices.. Maintain a commitment lo best practices throughout the operational and strategic development of the charity. These aims and objectives reflect the Forum's commitment lo addressing the various needs of the local Gommunity and promoting overall well-being and development. To meet its objectives the organisation seeks charitable donations and granls from various organisalions, local authority, trust, and foundations in and outside of the Borough. Page 4
Weavers Communi Forum CF Report ofthe Trustees for the Year Ended 31 March 2023 PROJECTS AND ACTIVITIES FOR THIS PERIOD: The London Borough of Tower Hamlets, situated in East London, has been facing significant socioeconomic challenges, primarily atlribuled to the escalating cosl of living, which has resulted in a surge in the population of disadvantaged residents. In response to this pressing need for comprehensive support wilhin the cornmunity, our organisation has undertaken several key initiatives and projects on a voluntary capacity, focusing on welfare, housing, and debt management. Our primary aim is to empower individuals and families by providing them with the necessary resources and knowledge to navigate their circumstances effectively during this ¢hallenging period of the cost-of-living crisis. Through these projects and activities, we strive to address the multifaceted issues faced by the residents of Tower Hamlets, particularly those adversely affected by the current economic climate. By offering targeted support in welfare setvices, housing provisions, and debt management strategies, our organisation aims to alleviate the financial burden and emotional strain experienced by the community members. It is our firm belief that by providing accessible and holistic assislance, we can foster a resilient and empowered community that is better equipped to overcome the challenges posed by the ongoing cosl-of-living crisis. As we delve inlo the specific delails of each projecl and activities, it becomes evident that our organisalion's overarching mission is to create a sustainable support system that not only addresses the immediate needs of the residents but also lays the groundwork for long-lerm resilience and stability within the Tower Hamlets community and beyond. Through collaborative efforts and strategic interventions, we remain committed lo making a positive and lasting impact in the lives of those affected by the socioeconomic challenges exacerbaled by the current cost-of-living crisis in the borough. 1. Change for Life (Youth Employability Skills Development Project) 2. Employment Training & Advice Project (ETA) 3. Weavers Health Project {WHP} 4. Tutioning Project - English & Maths 5. Weavers Advice Project (WAPI Page 5
Weavers Communit Forum VVCF Report ofthe Trustees for the Year Ended 31 March 2023 Change for Life Youth Project {CLYP) The Change for Life Youth Project funded by BBC Childrens in Need has made a substantial impact on Ihe lives of disadvantaged young people, equipping them with essential skills and knowledge necessary for their suctsss in the world of work. Through a series of comprehensive workshops and individual support, the project has not only improved the participants, employability but asso posilively transformed their behaviours and interpersonal skills. Here is a summary of the key accomplishments and outcomes of the project. Comprehensive Skill Development Workshops". The project successfully organized 16 personal development skills workshops, focusing on crucial soft skills like interpersonal skills, creativity, resilience, and self-confidence. Additionally, life skills such as money management, communication, teamwork, and problem-solving were extensively covered. The interactive sessions and one-on-one support provided by the staff have played a crucial role in enhancing the young people's employability skills. Personalized Support and Guidance-. The provision of one-on-one support every Thursday, where the staff provided information, advice, and guidance IIAGI on various aspects of job applications, intetview skills, and CV writing, has proven to be instrumental in the project's success. Several young people have successfully secured employment and further training, owing directly to the guidance and support provided by the project. Enhanced Social Interaction and Confidence Building.. The project has not only focused on skill development but also facilitated positive social interaction among young people from different backgrounds. By participating in various activities and workshops, the participants have shown improved confidence and a willingness to engage in discussions and express their opinions on various issues. Empowerment and Improved Interpersonal Skills.. The project staff s close collaboration with the young people ha5 resulted in a notable improvement in their interpersonal skills and overall empowerment. The targeted sessions have enabled the young people to feel more confident in their abilities and belter prepared for the challenges of the working world. Tangible Success Stories.. A young person from an underprivileged and deprived background secured employmenl with Amazon warehouse, which has provided much-needed financial relief to their family as direct result of the project in the midst of cost-of-living crisis. This success story serve5 as a testament to the project's efficacy in transfoming the lives of the youth and enabling them to overcome socio-economic barriers. Through its holistic approach and dedicated efforts, the Chan9e for Life Youth Project has effectively equipped young people with the necessary tools and skills, fostering their personal growth and improving Iheir prospects for a successful fulure. skills and had minimal knowledge about employability skills. FT'S lack of Self-confiden and disengagement from positive activities, along with the absence of any clear aspirations for the future, highlighted the need for intervention and support. Page 6
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Difference the {CLYPI have made to the lives of young people Case Stud of a Youn Person YP The Change for Life Youth Project has made a significant difference in the lives of the young people involved, as exemplified by the case study of the specific young pèrson IYP) highlighted. Through a combination of targeted support, workshops, and guidance, Ihe project has effectively empowered the young person to develop essential life skills and increase their employability prospects. Here is a comprehensive overview of the transformation experienced by the young person: Al Initial Position of the Young Person (YPI: At the outset, the young person (FT) lacked basic life skills and had minimal knowledge about employability skills. FT'S lack of Self-confiden and disengagement from positive activities, along with the absence of any clear aspirations for the future, highlighted the need for intervention and support. B} Barriers and Obstacles Faced: The YP faced various barriers, including a lack of confidence, limited interpersonal skills, and a lack of awareness about the world of work and adult life. These obstacles hindered the YP'S ability to actively participate and express themselves fully. C) Engagement and Impact of the Project: The project's intervention played a crucial role in the positive transformation of the YP. Through participation in the Change for Life Project, the YP was able to develop employabilily skills and quickly progressed into volunteering, which served as platforni for channelling Iheir energy and fostering closer collaboration with the project staff_ Further referral to a local third sector organisation enabled the YP to gain valuable life skills and boost their onfidence. D) Current Position of the Young Person: As of now, the YP has taken on a more active role within the project, regularly volunteering for the in-house Advice Project. This engagement has allowed the YP to contribute meaningfully to the project's activities, aiding project advisors and engaging in various tasks. The project staff continues to provide support in the YP'S pursuit of paid employment or further training, thereby ensuring continued growth and development. The case study exemplifies the project's success in not only equipping young people with crucial life skills and employability capabilities bul also in fostering a sense of purpose, direction, and confidence among the participants. Through personalized guidance and practical opportunities, the Change for Life Youth Project has demonstrated its commitment to nurturing the potential of disadvantaged youth, enabling them to make meaningful contributions to their communities and build fulfilling futures for themselves. Page 7
Weavers Communil Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Employment Training and Advice Project {ETAI The Employment Training and Advice (ETA) Project, a flagship initiative of the Forum, has made significant strides in empowering disadvantaged unernployed and economically inactive individuals. The prirllary focus of the project has been to provide soft skills workshops that equip participants with the necessary lools to enhan their careers and achieve professional qualifications. Despite the challenges posed by limited funding, the project has yielded impressive outcomes. Achievements: Accredited Training Complelion.. Six NEET (Not in Education, Employmenl, or Training) individuals have successfully completed accredrted training at level 2, marking a tangible achievement in their career development. Soft Skills Development: Participants have benefited from a comprehensive range of soft skills development sessions, including CV writing, assistance with job applications, interview skills, job search skills, 1..1 support, and information & guidance IIAG). These sessions have been pivotal in enhancing the employability of the participants, equipping them with essential skills crucial for the job market. Challenges and Mitigation.. Funding Constraints.. The project has been delivered on a voluntary basis due lo limited funding, highlighting the need for sustained financial support to ensure the continuation and expansion of the ETA Project's ¢ritical servIs. The ETA Project has proven its capacty to make a substantial impact on the lives of its participants. With the implementation of the recommended strategies, the project can further expand its reach and contribute significantly to the upliftment of NEET disadvantaged individuals wrthin the community. Page 8
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Weavers Health Project (WHPI The Weavers Health Project successfully engaged and supported 38 local Minority Ethnic (BAME) vulnerable elderly females over 90 sessions from Bethnal Green and the surrounding areas. By providing fitness activities. social interaction, light movement and art Iherapy sessions, the project took place twice per week, aimed to reduce isolation and improve the overall wellbeing of the participants. Despite the challenges posed by the pandemic, the WHP efficiently adapted its activities to ensure the conlinued support and engagemenl of the target group. The projecl's multifaceted approach led to positive outcomes in terms of physical health, mental wellbeing, and social integration within the communrty. The Weavets Health Project {WHP) was established to address the unique challenges faced by BAME elderly females in accessing fitness and social activities, particularly in the context of social isolation and limited resources By providing lailored programs and a supportive environment. the project sought to enhance the participants, overall quality of life and holistic wellbeing. The WHP focused on providing weekly fitness activities, such as art therapy sessions, and social events to foster a sense of community and belonging among the vulnerable elderly females. The project emphasized the importance of social engagement. physical activity, and emotional support to address the multifaceted barriers to participation in sports and leisure activities. By offering accessible and free-of-charge activities, the project aimed to overcome common obstacles related to cost, transport. and time conslraints. The project organised a variety of activities, including fitness sessions, weekly group walks to the local park, outdoor GYM sessions, and monthly workshops on healthy eating and nutrition. Furthermore, the project facilitated discussions on self-management of chronic illnesses, provided valuable advice and guidan, and connected participants with other local organisalions for additional support. The project's female support worker and volunteers played a crucial role in reaching out to isolated individuals, ensuring their continued engagement and support throughout the pandemic. The WHP had a significant impact on the participants, as evidenced by increased social integration, reduced loneliness, and improved mental wellbeing. Participants actively engaged in weekly walking groups, fostering social inleraclion and physical activity within the community. The art therapy sessions not only reduced anxiety and stress but also served as a creative outlet for enhancing cognitive and emotional wellbeing. The project's holistic approach conlributed to an overall improvement in the participants, personal wellbeing and quality of life. Page 9
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Tutioning Project- English and Maths The Tulioning Project in collaboration with Kumon Shoreditch has been instrumental in providing comprehensive educational support in both English and Maths to students of diverse ages and proficiency levels. Through a carefully slruclured curriculum and personalised approach, the project has facilitated the development of a strong foundation in both subjects, nurturing a passion for learning and academic excellence among the participating sludents. The programme goes right from the very basics of recognising numbers all the way to complex mathematical theories in small sleps, building ability gradually along the way. We believe that every child has the potential to succeed in maths and our experienced Instructor5 SUPPOrt them to achieve this. Students acquire an ability to self-learn while developing understanding and fluency of each topic before moving on lo another. Our English programme aims to foster a love of reading and leaming in every child. Building skills from reading and word recognition to advanced level comprehension with the ability to critique complex passages of text. Vocabulary, grammatical precision, memorisation skills and the ability to compose answers are gradually accumulated through different genres of lexl, familiarising students wilh both fiction and non-fiction, expanding their knowledge of the world and introducing them to new areas of interest. Our English Programme aims to develop each student's ability to read and understand a variety of texts, and to nurture a life-long habit of reading for education and enjoyment. The programme progresses from basic word and sentence building and culminates in critiquing advanced lexts. Each student starts at their own, individually sel, starting point which will be established during their free assessment. The English programme has been successful in cultivating a passion for reading and learning among students, enabling them to develop critical skills ranging from basic word recognilion to advanced-level comprehension. The emphasis on diverse genres of text. including both fiction and non-fiction, has broadened students. horizons, fostered an enriched understanding of the world and fostered a lifelong commitment to learning. The programme's focus on establishing each stLJdenl's unique starting point, determined through a comprehensive assessrnent, has allowed for a customised learning path. This approach has led to the gradual accumulation of vocabulary, grammatical precision, and effective composition skills, ensuring each student's continuous progress and development. Page 10
Weaver5 Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Weavers Advlce Project This proje report outlines Ihe implementation and impact of an advice project aimed al providing weekly support to the deprived and disadvantaged residents of the London Borough of Tower Hamlets. The project primarily focused on offering welfare, housing, and debt support to individuals facing challenging circumstances. Through strategic intervention and tailored guidan, the project aimed to uplift the living standards and financial stability of individuals from the community impacted by the cost-of-living crisis. The advice project operated voluntarily on a weekly basis as a collaborative effort between local communrty or9anisation s, govemmental agencies, ond non-profit entities. Its core services included personalised welfare consultations, housing assistance programs, and debt management workshops. The project catered to individuals from diverse backgrounds, including low-income families, unemployed individuals, and those facing housing insecurilies. By providing accessible and empathetic support, the project aimed to foster a sense of resilien and self-sufficiency within Ihe community. The project team adopted a mullifaceted approach, combining outreach programs, communrty engagement initiatives, and one-on-one counselling sessions to reach the target population. Leveraging a neOrk of trained advisors and volunteers, the project utilised a holistic needs assessment process to identify the specific challenges faced by each beneficiary. Tailored support plans were then developed, incorporating a blend of advocacy, education, and practical assistance to address the mullifaceled needs of the residents. Project also recruited and trained young volunleers who graduated in law for them lo gain experience in welfare and housing advice. Throughout the project duration, the team encounlered several challenges, including limited resources, complex bureaucratic processes, and the deep-seated stigma associated with seeking welfare and debt support. To mitigate these challenges, the project established strong partnerships with the local authority and housing associations, these collaborations facilitated streamlined access to essential setv1$ and resources, thereby enhancing the project's overall efficacy and impact. The projecl's impact assessment revealed a tangible improvement in the quality of life and financial stability of the beneficiaries. Several success stories highlighted the transformative influence of the project, as families secured stable housing, individuals gained employmenl opportunities, and households achieved belter financial management practices. The testimonials and positive feedback from the beneficiaries underscored the project's instrumental role in instilling hope and fostering a sense of community resilience and empowerment of disadvantaged residents. In conclusion, the advice project in Ihe London Borough of Tower Hamlets played a pivotal role in addressing Ihe welfare, housing, and debt-relaled challenges faced by the deprived and disadvantaged residents. By providing tailored support and foslering a culture of empowermenl. the project not only improved Ihe immediate circumstances of the beneficiaries but also laid the foundation for sustainable, long-term transformalion within the community. Moving forward, it is imperative to continue advocating for inclusive and acsSible support systems that prioritize the well-being and dignity of all community members Page11
Weavers Communit Forum WCF Report ofthe Trustees for the Year Ended 31 March 2023 Premises development We have initiated the process of premises development by applying to the local authority for the removal of the middle partition wall. This initiative aims lo merge both halls into one unified space, enabling the facilitation of larger events and accommodating an increased number of participants engaging in various activities. As we await Ihe decision from the assets management of the local authority regarding the planning permission, we remain committed to enhancing our facilities to better serve our community and meet the evolving needs of our stakeholders Hall Hire - Facilities Used by Other Local Groups "Our hall hire seNices have continued to foster community engagement, with various small local voluntary groups utilising our facilities to host their rneetings, classes, and other activities on a weekly basis. Through our commitment to providing accessible and well-mainlained spaces, these groups have been able to carry oul their activilies seamlessly, contributing to the overall vibrancy and inclusivity of our community. We remain dedicated to supporting these local groups and fostering collaborative environment that encourages the growth and development of all participants." Quality Mark (Accreditation) "Our attainment of the London Youth Bronze Quality Mark Accreditation stands as a lestament to the unwavering dedication of our staff, whose relentless efforts and commitment to excellen have been instrumental in this achievement. This prestigious accreditation not only validates our adherence to the highest standards of service delivery but also seNes as a testament lo our unwavering commitment to quality and continuous improvement. The recognition has not only brought immense pride to our trustees but has also bolstered our credibility within the community and among our stakeholders. Notably, this accreditation has played a pivotal role in enhancing our ability to secure funding, allowing us to further expand our programs and services, thereby positively impacting the communrties we serve. Moving forward, we are poised to leverage this accreditation to its fullest potenlial, harnessing the trust il has instilled in our organisalion lo forge even stronger partnerships, attract new opportunities, and continue making a meaningful and sustainable difference in the lives of those we support.. staff Training & Development "During this period, our staff members actively engaged in diverse self-development training programs, which encompassed essential areas such as Leadership and Management, Safeguarding, and Health & Safely. This dedicated pursuit of knowledge and skills enhanment exemplifies our steadfast commitment to fostering a highly competent and well-equipped team, Capable of delivering exceptional services and support to our community. Furthermore, we are delighted to announce the successful recruitment of a female support worker, who has joined our team to contribute to the delivery of our esteemed Weavers Health Project. This expansion in our workforce not only reinfOrS our capacity lo cater to the unique needs of our beneficiaries but also underscores our dedicalion to cultivating a diverse and inclusive environment within our organisation. 'Meving forward, we remain resolute in our commitment to providing our slaff wilh ongoing opportunities for training and development, ensuring that they are equipped with the necessary tools and knowledge lo delivei impactful services that positively influence the lives of those we serne." Page 12
Weavers Communit Forum WCF Report of the Trusteès for the Year Ended 31 March 2023 Future Plans Re starting of Youth Project: Create a detailed funding proposal outlining the objectives, expected outcomes, and impact of Ihe Youth Project. Explore a combination of traditional fundraising methods, such as grant applicalions and fundraising events, as well as modern approaches like crowdfunding. Engage wilh local authority, businesses, and government agencies lo garner support and secure sustainable funding to restart the Youth Project. Weavers Health Project.. To be able lo sustain and enhance the Health and Wellbeing Project for Elderly Women we plan to conduct regular assessments to evaluate the effectiveness of the current health and wellbeing project. Seek feedback from participants and stakeholders to identrfy areas for improvement and expansion. Identify and apply for fundings. Employment Training & Advice Project IETAI Revitalising ETA Project.. Conduct a comprehensive analysis of the job markel and employment trends within the communily to tailor the Employment Training & Advice Projects accordingly. Actively seek out and apply for grants and sponsorships dedicated to workforce development and vocational training for people who are INEET) Voluntary Continuation of Weavers Advice Project.. Develop a sustainable funding strategy for the voluntarily runed Weavers Advice project lo ensure ils continued operation. Advocate for the importance and impact of the Weavers Advice project within the community to attracl potential donors and supporters. Consider forming strategic partnerships with legal fimis, community cenlres, or government agencies to secure ongoing support and resources for the project. Conduct a thorough assessment of the services offered by organisations in the neighbouring borough's such as Barking & Dagenham and Newham. Identify potential areas for collaboration or joint initiatives that could benefit the community and enhance the impact of both organisations. Fosler strong relationships through regular communicalion, joint events and projects, and shared resources to create a mutually beneficial partnership. By implementing these strategies, the Weavers Communty Forum can effectively achieve its objectives for 202312024 and continue to make a meaningful impact on the MmUnity il serves. Our Partners I Supporters London Youth (LY), Tower Hamlets Council for Voluntary Service ITHCVSI In-kind Direct, Tower Hamlets Volunteers Centre. We deeply appreciate the unwavering commitment and dedication of these esteemed partners, whose collaboration has been instrumental in the success of our various community projects and initiatives. Their support has helped us to make a tangible difference in the lives of the individuals and families we serve. Thank you for your continued belief in our mission and for standing alongside us as we strive to build a stronger, more vibrant community. Page 13
Weavers Communit Forum WCF Report of the Trustees for the Year Ended 31 March 2023 Acknowledgement The Vveavers Community Forum extends its heartfelt gratitude to the following organisations and businesses for their generous in-kind and financial support throughout the year 202212023_ Their contributions have played a significant role in enabling us to continue our mission of empowering the community and making a positive impact in the lives of those we support. 1. London Community Response Funds (LCRF) 2. London Community Foundation 3. London Borough of Tower Hamlets {LBTH) 4. East End Community Foundation 5. 8BC Children's in Need 6. Tower Hamlets Volunteers Centre 7. London Youth ILY} 8. Arnold Clark 9. In-kind Direct Volunteers The Weavers Community Forum extends its heartfelt appreciation to the dedicated volunteers who generously contributed their time and efforts to support our projects and services during the financial year 202212023. Their unwavering commitment and seltless dedication have been instrumental in the successful implementation of our initiatives and in making a positive impact within our community. We would like to express our sincere gratitude to all the volunteers for their invaluable contribulions. Their selfless dedication and hard work have been the comerstone of our ability to positively impact the lives of those we serve. Their contributions have truly made a difference and helped us achieve our mission ol creating a stronger, more vibrant community. We remain deeply grateful for their invaluable support and look forward to their continued partnership as we work together to setve and empower our community. FINANCIAL REVIEW Funds in surplus The charity received income of £45,901 {2022'. £57,366) during the year. After outgoing expenses of £43,196 (2022.. £49,713), the charity was left with a surplus of £2,705 {2022'. £7,653) for the year. Approved by order f the board of Iruslees on 7° December 2023 and signed on its behalf by.. Mr Mohammed zammel Hussen- Chair- Trustee. Page 14
Inde endent Examiner's Re Weavers Communit Forum ort to Ihe Trustees of WCF Independent examiner's report to the trustees of Weavers Community Forum IWCFI I report to the charity trustees on my examination of the accounts of Weavers Community Forum {WCFI (the Trust) for the year ended 31 March 2023 Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requiremènts of the Charities Act 2011 {'the Act'}. I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145{5}(bl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act., or the accounts do not accord with those records," or the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which altenlion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Askir Ali IFCCA, FMAAT} Quilfords Limited Chartered Certified Accountants 113 Romford Road London E154LY 1111212023 Date.. Page 15
Weavers Communit Forum WCF Statemenl of Financial Activities for the Year Ended 31 March 2023 31.3.23 Total funds 31.3.22 Total funds Unreslricted Restricted fund fund Notes INCOME AND ENDOWMENTS FROM Donations and legacies 65 65 3,176 Other trading activities Other income 36,490 36,490 9,346 50,126 4,065 9,346 Total 9,411 36,490 45,901 57,367 EXPENDITURE ON Raising funds 4,259 38,937 43,196 49,714 NET INCOMEI{EXPENDITURE) 5,152 12,447) 2,705 7,653 RECONCILIATION OF FUNDS Total funds brought forward 13,672 77,006 90,678 83,025 TOTAL FUNDS CARRIED FORWARD 18,824 74,559 93,383 90,678 The notes form part of these financial statements Page 16
Weavers Communit Forum CF Balance Sheet 31 March 2023 31.3.23 31.3.22 Notes FIXED ASSETS Tangible assets CURRENT ASSETS Cash at bank 94.583 91,878 CREDITORS Amounts falling due within one year (1,2001 {1,200) NET CURRENT ASSETS 93,383 90,678 TOTAL ASSETS LESS CURRENT LIABILITIES 93,383 90,678 NET ASSETS 93,383 90,678 FUNDS Unrestricted funds Restricted funds 18,824 74,559 13,672 77.006 TOTAL FUNDS 93,383 90,678 The financial statements were approved by the Board of Trustees and authorised for issue on 7° December 20 3 and were signed on ils behalf by.. Mohammed ammel Hussen- Chair- Truslee Mainul Islam Hider- Trustee The notes form part of these financial statements Page 17
Weavers Communit Forum WCF Notes to the Financial Statements for the Year Ended 31 March 2023 ACCOUNTING POLICIES Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with Ihe Charities SORP (FRS 1021 '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 1021 {effective 1 January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Acl 2011. The financial statements have been prepared under the historical cost convention_ Income All income is recognised in the Statement of Financial Activities On the charity has entitlement to the funds, it is probable that the income will be received. and the amount can be measured reliably. Expenditure Liabilities are recognised as expenditure as soon as Ihere is a legal or constructive obligation committin9 the charity to that expendrture, il is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Vvhere costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.. Computer and IT equipment 3 years Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 18 continued..
Weavers Communit Forum WCF Notes to the Financial Statemenls - continued for the Year Ended 31 March 2023 OTHER TRADING ACTIVITIES 31.3.23 31.3.22 London Community Foundation ILCRFI BBC Children in Need LCRF.. YL Groundwork LBTH Small grant- East End Community Foundation Black Training Enterprise Group IBTEGI LBTH Community benefit ICBRI Paddington Develop Restricted Arnold Clark 10,000 10,500 10,000 686 12,500 1,000 9,180 16,760 14,990 1,000 36,490 50,126 RAISING FUNDS Raislng donations and legacies 31.3.23 31.3.22 Support costs 43,196 49,714 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022. Trustees, expenses There were no trustees, expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Restricted fund fund Total funds INCOME AND ENDOWMENTS FROM Donations and legacies 3,176 3,176 Other Irading activities Other income 50,126 50,126 4,065 4,065 Total 7,241 50.126 57,367 EXPENDITURE ON Raising funds 3,858 45,856 49,714 Page 19 continued...
Weavers Communit Forum WCF Notes to the Financial Statements - continued for the Year Ended 31 March 2023 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted fund fund Total funds NET INCOME 3.383 4,270 7,653 RECONCILIATION OF FUNDS Total funds brought fonvard 10,289 72,736 83,025 TOTAL FUNDS CARRIED FORWARD 13,672 90,678 TANGIBLE FIXED ASSETS Plant and machinery Computer equipment Totals COST At 1 April 2022 and 31 March 2023 7,101 7,101 DEPRECIATION Al 1 April 2022 and 31 March 2023 1,801 5,300 7,101 NET BOOK VALUE At 31 March 2023 1,801 At 31 March 2022 1,801 Page 20 continued...
Weavers Communil Forum WCF Notes to the Financial Statements - continued for the Year Ended 31 March 2023 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.23 31.3.22 Other creditors 1,200 1,200 ANALYSIS OF NET ASSETS BETWEEN FUNDS 31.3.23 Total funds 31.3.22 Total funds Unrestricted Restricted fund fund Fixed assets Current assets Current liabilities 20,024 1,200) 74,559 94,583 1,2001 91,878 1,200) 18,824 74,559 93,383 90,678 MOVEMENT IN FUNDS Net movement in funds At 31.3.23 At 1.4.22 Unrestricted funds General fund 13,672 5,152 18,824 RestriGted funds Restricted 77,006 {2,44n 74,559 TOTAL FUNDS 90,678 2,705 93,383 Net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestrlcted funds General fund 9,411 {4,259) 5,152 Restricted funds Restricted 36,490 138,9371 (2,447) TOTAL FUNDS 45,901 43,196) 2,705 Page 21 continued...
Weavers Communi Forum WCF Notes lo the Financial Statements- continued for the Year Ended 31 March 2023 MOVEMENT IN FUNDS - continued Comparatlves for movement in funds Net movernent in funds At 31.3.22 At 1.4.21 Unrestricted funds General fund 10,289 3,383 13,672 Restricted funds Restricted 72,736 4,270 77,Q06 TOTAL FUNDS 83,025 7,653 90,678 Comparative net movement in funds, included in the above are as follows.. Incoming resources Resources Movement expended in funds Unrestricted funds General fund 7,241 {3,858) 3.383 Restricted funds Restricted 50,126 {45,8561 4,270 TOTAL FUNDS 57,367 49,7141 7,653 A current year 12 months and prior year 12 months combined position is as follows.. Net movement n funds At 31.3.23 At 1.4.21 Unrestricted funds General fund 10,289 8,535 18,824 Restrlcted funds Restricted 72,736 1,823 74,559 TOTAL FUNDS 83,025 10,358 93,383 Page 22 continued...
Weavers Communit Forum WCF Notes to the Financial Slatements - continued for the Year Ended 31 March 2023 MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows.. Incoming resources Resour$ Movement expended in funds Unrestricted funds General fund 16,652 {8,117) 8,535 Restricted funds Restricted 86,616 (84,793) 1,823 TOTAL FUNDS 103,268 92,910} 10,358 10. RELATED PARTY DISCLOSURES There were no related paty transactions for the year ended 31 March 2023. Page 23
Weavers Communit Forum WCF Detailed Statement of Financial Activities for the Year Ended 31 March 2023 31.3.23 31.3.22 INCOME AND ENDOWMENTS Donatlons and legacies Donations 65 3,176 Other trading activities London Community Foundalion {LCRF) BBC Children in Need LCRF. YL Groundwork LBTH Small grant- East End Community Foundation Black Training Enterprise Group IBTEG) LBTH Community benefit {CBR) Paddington Develop Restricted Arnold Clark 10,000 10,500 10,000 686 12,500 1,000 9,180 16,760 14,990 1,000 36,490 50,126 Other income Rental income 9,346 4,065 Total incoming resources 45,901 57,367 EXPENDITURE Support costs Management Staff refreshments 170 Finance Bank charges 60 15 Adminlstrative expenses Wages Insuran Telephone Postage and stationery Project activities Rent Sessional staff expenses Volunteer's expenses Carried fOard 10,638 1,124 613 113 871 1,530 21,557 280 36,726 9,983 458 506 167 11,349 1,530 21,182 240 45,415 This page does not form part of the stalutory financial statements Page 24
Weavers Communit Forum Detailed Statement of Financial Activities for the Year Ended 31 March 2023 WCF 31.3.23 31.3.22 Administrative expenses Brought forward Repairs & maintenance Professional fee IT expenses Website costs Fines and penalties Cleaning 36,726 375 1,540 2,164 1,261 45,415 440 717 1,257 440 195 35 42,066 48,499 Governance costs Accountancy and legal fees 900 1,200 Total resources expended 43,196 49,714 Net Income 2,705 7,653 This page does not form part of the $tatutory financial statements Page 25