Annual
Report
ST.
MARGARET'S
HOUSE
2024
Palestinian Heritage Performance Night
Photo Credit: Zakariya Irfan

Contents
Pages
Reference and Adminlstrative Details
Trustees Report
2-10
Independent Auditors Report
Statement of Financlal Activities
14
Balance Sheet
15
statement of Cashflows
18
Notes to the Ilnancial statements
17-26
ijjj
11
Women's Wellbeing in th8 Tramshed
Photo Credit: SMH

Reference and Admlnl8tratlv? Details
Charlty Name: St Margaret's House
Charity Number:1148831
Company Number 07645599
Regl$tered Officeloperatlonal address: 21 Old Ford Road, London, E2 gPL
Contact Email: info@stmargaretshouse.org.uk
Telephone: 020 8980 2092
W•b$lt•: www.stmargaretshouse.org.uk
Boord of Tru8teo$
Eugene Lowrie
Sapna Ajwani
Brian Rolph
Tracy Karkut-Law
Shamimara Choudhury
Lara El Gibaly
Annie Maddock
Mana Mahil
Raluca-simina Neagu
Barbara Perrott
Olivia D'mello Browning
Ritman Smith
Chloe Tayali
Chair
Treasurer Appointed 16 November 2023
Vice Chair
Let's Create Lead l Named Safgguarding Trustee
Resigned 3 June 2024
Appointed 21 July 2023
Treasurer until 16 November 2023
Appointed 21 July 2023
Appointed 21 September 2024
Appointed10 July 2024
Appointed12 September 2024
Company Secrotary & Chlef Executive
Anthony Hardie until 3 June 2024
Beccy Allen from 3 June 2024
Prlnclpal Bankers
HSBC, 465 Bethnal Green Road, London E2 9QW
Soll¢ltor8
Anthony Collins Solicitors LLP, 34 Edmund Street B3 2ES
Audltors
Azets Audr( Services, 2nd floor, Regis House, 45 King William Street. London, EC4R 9AN

Bollywood Dance
at Fun Palaces
Photo Credit:
Roswitha Chesher
Trustees, Report
2024
Ji
(including Directors, Report)
The trustees (who are also the Directors of the Company for
the purposes of company law) present their report and the
financial statements for the year ended 31st March 2024 which
have been prepared in accordance with the Charities Act 2011
and Companies Act 2006 and in accordance with the
Charities Statement of Recommended practice (FRS 102),
current legislation and the articles and memorandum of
association. The trustees have taken advantage of the
simplified disclosures available to smaller companies through
Part 15 of the Companies Act 2006, including exemption from
preparing a Strategic Report.

st Margarevs House, founded in 1889 to support people in Bethnal Green, is an Arts and
Wellbeing Community Centre, creating healthier and happiercommunities.
Our mission is to promote positive social change by creating opportunities for people to
come together and play a more active part in their local area. Our projects anchor us in the
community, providing spaces for residents to eat, shop, learn, create and enjoy a diverse
cultural programme.
St Morgaret's House, 21 Old Ford Road
Photo Credit: SMH
Aims
To actively reach out to the borough of Tower Hamlets and beyond, reflectourarea's
diversityandserveourcommunityto improve its health andwellbeing.
To fill St Margareys House's spaces with tenants, artists and practitioners who share our
goalsonusing creativityto improve wellbeing.
Provide ambitious, high-quality arts and wellbeing programmes and projects thatoffer
ski1Ss,confidenceand new experiences to ourcommunity.
Ensure our groups and tenants are collaborating and meeting with each other. We want
to increase friendships and opportunitiesto bring differentethnicities,ages,genders,faith
groups and sexual orientationstogether.
Improve accesstoartsandwellbeing opportunitiesforour community.
To grow and develop the entrepreneurial spirit of adventure and creativity built by St
Margareys House and the organisations, groups and people who work and practise in our
spaces.

structuro. Governance and Management
Governing Document
The organisation is a company limited by guarantee and a registered charity. Its constitution is
logged with the Charity Commission. The charitable company is governed by its Memorandum
and Articles of Association.
Objectives
The Objects of the Charity are the provision of a centre or centres conducted according to
Christian principles for the advancement of the Christian religion, for the advancement of
education, the relief of need, hardship or distress and other charitable purposes for the general
benefit of the inhabitants of the neighbourhood of the Borough of Tower Hamlets ond for those
purposes (and without prejudice to the generality of the foregoing) the Charity may provide
residential accommodation for any person sharing in that work, all such persons constituting the
Residents of the House.
The organisation also aims to remain a well-administered, cost-effective and sustainable
organisation,. to demonstrate to all service users and staff an ethos of friendliness, inclusion and
integrity,. to be recognised externally as skilled, focused and accountable; and to work
cooperatively andlor in partnership with others.
The trustees have paid due regard to the Charity Commission guidance on public benefit and to
the provision of the Equality Act 2010 in deciding what activities the charity should undertake.
Organlsatlonal Structure
The St Margaret's House Council of Management has overall responsibility for the strategic
direction, policy and human and financial resources of the organisation. Day-to-day operational
management of the organisation is delegated by the CO-CEO'S who are responsible for ensuring
that the organisation delivers the services specified through its team of staff.
Recruitment and Appolntment of Trustees
The charity trustees are not more thon fifteen members of the House elected ot the Annual
General Meeting of the House. The trustees form the Council of Management ('The Council,). The
Council moy co-opt persons to serve on the Council providing always that the number of co-
opted members shall not exceed one third of the total elected membership of the Council.
The Council seeks to ensure a good mix of skills from the business, social and voluntary sectors
and has an ongoing policy of identifying suitable potential members.
Trustee Induction and Training
st Margaret's House has a password protected Trustees Webpage that includes all important
working documents and a Trustees Induction Programme that covers all aspects of
responsibilities, policy and procedures.

Hidden Expressions
Exhibition
Photo Credit: SMH
Relatad Partla$
User groups based at St Margarefs House..
Action Reconclliation Service for Peace (ARSP)
Afasic
Amos Trust Isublet of Consortium for Street Children
Arboreal Architecture
Bodywise
Bangladeshi Parents and Carers Association (BPCA)
Christ Mercy Gospel Church Ltd
City & East London Bereavement Service
Common Knowledge Isublet tenants of Arboreoil
Community Psychotherapy Network
Consortium for Street Children
Daneford Trust
East London Cares
Encounter Terrain
Expressions Community Arts
Fevered Sleep
Fifth Column Films Ltd
Freshwater Theatre Company
Globe Community Project
Graham Gerrans
Grand Union Orchestra
Inner City Centre
Independent Workers of Graat Britain Union (IWGB)
Jamie North
London Arts and Health
NMC Recordings
Noémie Solomon & Adrian Heothfield
Quaker Social Action
Reality Shift Counselling
Rlght to Remain Isublet tenonts of Common Knowledgel Arboreail
Routes Collective
Solace Women's Aid
Swadhinata Trust
Tower Hamlets Friends and Neighbours
Wish
Organisations St Margaret's House as their registered address:
Poor's Land Charity
Queen Adelaide's Charity
Second University House Trust
SPEAK Ne￿Ork
Tower Hamlets Old People's Welfore Trust
Tower Hamlets University of the Third Age (U3A)

Risk Management
The Board of Trustees reviews the risks to which the organisation is
exposed at quarterly meetings via the organisation's Risk Register.
Procedures are in place or being established as appropriate to mitigate
identified risks. Internal control risks are minimised by the
implementation of procedures for authorisation of all tronsactions and
services.
Procedures are in place and under review to ensure the health and
safety of staff, volunteers, clients and visitors in the offices and in
relation to data protection and confidentiolity.
Fundraising Regulations Statement
st Margaret's House had no fundraising activities requiring disclosure
under S162A of the Charities Act 2011.
We do not use third parties to assist with fundraising and the charity
received no complaints in the year regarding its fundraising practices.
Achievoments and Performance
Ourcafe and chority shoparethriving.Ouraward-winningvegancafé, the
Gallery Cafe, has a dedicated staff who offer affordable vegan dishes,
locally-ground coffees, an extensive salad bar, vegan sweettreats, vegan
gelato and fresh juices. The Head Chef updates the menu every season
ensuring the available dishes are fresh and exciting.

The Gallery Cafe is a
welcoming
space
which includes a
performance area
and garden which
hosts a variety of
our
Arts
and
Wellbeing
programmed
events,
including
music gigs and a
monthly open mic
night. The Café is
also
hired
for
private
events.
Artwork produced
by local
artists
provides a rolling
exhibition
to
Jv
programme
surround
our
custom8rs as they enjoy o hot drink or a meal.
The St Margaret's House Garden was transformed thanks to the arrival of
the Talitha Arts Gorden from the Chelsea Flower Show in 2023. This set us
on a path of making our whole garden fully accessible and a second stoge
of garden redevelopment was planned to begin in May 2024. thanks to
funding from the Veolia Environmental Trust and the Poorfs Land Charity.
The St Margaret's House Garden
Photo Credit: SMH

Ayoka is our charity shop, bLJiIt on acts of kindn8ss and run by our Ayoka Monager and Suprvisor,
with the support of volunteers who are essential to the smooth running of St Margaret's House
and who we are always looking for new ways to support what we do.
Over 90Yo of the clothes donated to us are reused or recycled. IO0% of books, CDS, DVDS and 50%
of the shoes and bags. We regularly receive more than 10 bags of donated goods each week
ranging in size from supermarket carrier bags to large bin bags and family-sized suitcases. We're
proud thot we find a use for 95/0 of the donations made to us, with broken or damaged it8ms
moking up the 5% which goes to landfill. Donations are shared amongst our community projects,
including activities like Fast Fashion Therapy, Crafting if Connecting and our Bengali Sewing
Group at The Create Place, as well as refugee groups and rough sleepers.
HOUSE
AYOKA
Ik fw...
Ayoko prides itself on supporting volunteers with building skills in confidence and support many
volunteers back into employment or further training.
Arts and Wellbeing
In April 2023, St Margaret's House become an Arts Council England National Portfolio
Organisation. The funding is helping us expand our work in creative heolth and social prescribing
and develop our Croative Health Troe approach. Part of this work will involve us supporting to
organisations in Newham (and later Barking and Dagenham) working in creative health. This
yaar, we delivered troining and a peer sharing event, bringing together Newham organisotions.

st Morgaret's House focuses on collaboration. We curate cross-art activities in non-traditional
spaces, this year with more than 700 artists in 1,075 events and $essions experienced by
audiences and participants ol over 7,500 people. We have more than 30 arts, wellbeing and
community tenants based in our collection of buildings - some have a local focus (Bangladeshi
Parents & Car8rs Association and Grand Union Orchestra), others serve locally and nationally
(Fevered Sleep ond Freshwater Theatre). We support the ecology of the arts, wellbeing and
community sectors by providing our tenants some of London's lowest rents alongside
partnership including project collaboration, local connections, space and funding opportunities.
We've worked with local, national and international partners including Talitha Arts, Complicité,
Ice and Fire, Craft Centrol, Long Nose Puppets, Jazz Dance Elite, Moulded Theatre, Bric-a-Broc and
Cranbrook Community Food Garden to bring o range of p•rlorman¢es and partlcipatory
expgrlences to our communities. Our monthly Open Mi¢s provided more than 275 community
members opportunities to showcase their music and poetry andlor listen to the work of others.
We hosted 5 exhibitions and we provided 3 Artist in Resldonce opportunities (spoken word ortisL
costume designer and visual and movement artist). In our Create Place, volunteer and
community groups led craft, beading, woodwork, visual art and painting workshops. Our
wellbeing clinics and yoga and movement sessions receive social prescribing referrals on a
weekly basis. We began delivering holiday actlvitios for local children for the first time,
supported by Queen Adelaide's Charity ond then funded by the London Borough of Tower
Hamlets through the Mayor's Community Fund.We began supporting the East London Pensioners
in weekly sessions at the Tramshed to come together for food, chat and bingo. We delivered our
first Arts and Wellbeing Festival in July 2023 which will become an annual event.
Ghyama Arts was funded by the City Bridge Foundation to work with Spare Tyre, Chocolate Films
and National Centre for Circus Arts practitioners to deliver o year-round programme fordisabled
adults from Tower Hamlets Banglodeshi Communities. Hilarity A¢ademy was funded by BBC
Children in Need to deliver weekly free drama and comedy workshops and performance
opportunities for young people aged 7-14 from the local area to build their confidence. We
delivered Clrcu$ sessions for local children and fomili8s and older adults thanks to the London
Marothon Fund and we began Tramshed Tuesdays with wellbeing activlties for women and men
(yoga and gentle exercise) and drama and boardgames for children after school thanks to
funding from Clarion Futures. Our National Lottery Heritage Fund project Mendoza Mania come
to an end with a performance by young people and a film.
We were delighted to work with the Foundation for Future London to deliver a trainee producers,
programme, Culture Routes, offering six young people from Tower Hamlets and Walthom Forest
the chance to work with St Morgaret's House and partner orgonisations and venues (Fevered
Sleep, Jackson's Lane and Soho Theatre) to gain experience working in event and learning
departments and produce an event here at st Margaret's House.

Flnanciol Review
st Margaret's House has a varigty of funding streams in 202312024 giving a totol income of
£1,358K of which £l,007K was raised from its own charitable activities by offering seNices and
spaces for o range of groups across the community. In addition, St Margaret's House has
attracted £337K in grants from various funders for a variety of projects.
The total expenditure for the year was £1,277K generating an operational surplus of £81K
before adjustments for gains on investments (£32k) resulting in a net surplus of £112K for
23124.
We wish to express our gratitude to our volunteers as well as all those who have given us
their support and hope that this will continue for many years.
Reserves Policy
The Balance sheet reflects our financial stability and enables us to widen our offer within the
community. The Board has exomined and reviewed the organisation's requirements in line
with the potential risks to the organisation.
At 31 March 2024, th8 charity held total funds of £6,838K (2023= £6,726K) of which Restricted
Funds were £84K (2023.. £46K) and £6,754K (2023: £6,680K) in general funds.
Unrestricted Funds (General Funds) are available for use ot the discretion of the Trustees in
furtherance of the general objectives of the charity. It is the charitys policy to have 3 months
operational expenditure as a general r8serve,this being £365,787 based on the 24125 Budget.
Designated Funds are reserves for a particular purpose with expectations that these funds
are available to the general fund should the need arise.
Total Funds at 31 March 2024 (excluding fixed Assets) is £772,468 (£657,262 ot March 2023).
Plans lor the Future
2024-2025 will be a time of change at St Margaret's House following the retirement of long-
standing CEO, Tony Hardie and a new leadership structure with co-CEOs (Arts and Wellbeing
Director and Executive Director). We will create a new Vision. Mission and Values statement for
the organisation that all staff and trustees will sign up to so we can continue to create a cohesive
approach to everything we do and provide the highest quality opportunities for our community.
We will contlnue to develop and embed our Arts and Wellbeing programme. We will focus on
improving our buildings and event and workshop spaces, with an emphasis on sustainability and
accessibility.
io

Trustees. Responsibilitles
The trustees (who are also directors for the purposes of company law) are required by company
lawtopreparefinoncial statementsfor each financial yearthatgivea true and fairviewofthe state
ofaffairsofthecharityattheend oftheyearand the incoming and outgoing resources for the year
then ended.
In preparing those financial statements the trustees are required to:
select suitable accountingpoliciesandthenapplythemconsistently;
observe the methods and principles in the Charities SORP;
makejudgementsandestimates thatarereasonableandprudent;
statewh8therapplicobleaccounting standards have b88n followed, subject to any material
departures disclosed and explainedinthefinancial stcrtements;
preparethefinancialstatementsonthe goingconcernbasisunlessitisinappropriatetopresume
thatthe charitywillcontinueits activities.
The trustees ore responsible for maintaining proper accounting records which disclose with
reasonableaccuracyatanytimethefinancial positionofthecharityondenable themtoensur8that
thefinancialstatem8ntscomplywiththecompaniesAct2006.The trustees are also responsible for
safeguarding the assets of th8 charity and hence for taking reasonable stepsforthe prevention of
fraud andother irregulorities.
In so far as the trustees are aware:
There is no rel8vant audit information of which the charitable companys auditor is unaware,.
The trustees hove taken all steps that they ought to have taken to make themselves aware of
any relevant audit information and to establish that the auditor is aware of that information,.
The trustees are responsible for the maintenance and integrity of the corporate and financial
information included on the charitable company's website. Legislation in the United Kingdom
governing th8 preparation and dissemination of financial statements may differfrom legislations
in otherjurisdictions.
This report is prepared in accordance with the provision of Part 15 of the Companies Act 2006
relating to companias subject to the small compani8s' regime.
This report was approved and authorised for issue by the Board of Trustees on 14 November 2024
and signed on its behalf by
Eugene Lowrle
Chair

Indepondent Audltors Report to The Members ot st Margaret's House
Opinion
We hav8 audiied the finonciol statements of St Margareys House (the 'charltoble company) for the year ended 31
Morch 2024 which Comprise the Stotement ol Finonciol Activities, the Balance SheeL the Statem8nt of Casb Flows and
notes to the financial statements, including a summary of signifieant occounting policies. The financial reporting
Iramewoik that has been appllgd in their preparation is applicoble law and United Kingdom Accounting Standards,
including Flnancial Reporting Standard 102 'The Financiol Reporting Stondord applicable in the UK and Republic of
Ireland. (United Kingdom Generolly Acc8Pted Accounting Practlc&).
In our opinion, the tinancial stat9m8nts-
give a true and fair view of the state of the choritable eompanys affairs 0$ at 31 Morch 2024 and of its incoming
r&sources and applicotion of resources, lor the year thenended-,
hav& been properly prepar&d in accordance with United Kingdom Generolly Accepted Accounting Practice,. and
hove been prepared in accordanc& with the r8qulrgments ol the Companies Act 2006.
Basis lor opinlon
We conducted our audit in accordance wlth Internotionol Stondafds on Audltlng (UK) (ISAS IUK)) ond opplicoble low.
OUT responsibllltles undor those stondords are further described in the Auditor's re$ponsibilltigs tor the audit ol the
flnancSal statements sectlon of our reporL We are independ&nt of the chayltoble compony in accordance w￿h the
8thical requirements that are relevant to our oudit ol the finonciol statgments in the UL including the FRC'S Ethical
standard and the provisions available for small entlties, in the circumstonces set out in note I to the financial
statements, ond wa have fulfilled OUT Other ethicol responsiblllties in accordance with these requirements. We believe
thot the audit evidence we have obtained is sufficlent ond appropriate to provide a basis for our opinion.
Conclusions relatlng to golng concern
In audltlng tha financial statements, we have concluded that thg Report of th& Trustees, use ol the golng coneern basis
ol accounting In the pr&paration of thg financial statements is appropriate.
Based on th&work we have performed.we have not identified any matgrial uncertalnties relating to events or conditions
thaL individually or collectiV8ly, may cast slgnrficant doubt on the charitable companys ability to continue as a 90ing
concern for o period of at leost ￿e1ve months from when th8 flnoncial statements aré outhorised for issue.
Our responsibilitl8s and th& responsibilities of tha trustees wlth respect to golng concern arg d8￿rIbed in the relevant
sections of this report
Other information
The other information comprises the information included in the onnual report oth8r than the financial statements
and Ouf auditorfs report thoreon. The trustees are responsible for the other inloTmation contained within the onnual
ieporL Our opinion on the linanciol statements does not cov&r the other information and we do not express any form
of assurance conclusion thereon.
Our responsibillty is to read the oth&r information ond, in doing go, consider whetherthe other inlormation is moterially
inconsistont with the financial statements or our knowledge obtained in thg course ol th& audit, or otherwise oppears
to be materiolly misstated. If we identrfy such material inconsist&ncies OT apporent material misstatem&nt& we ure
required to determine whether this gives rise to a material misstotemgnt in the finon¢ial stot8m8nts themselves. If,
bosed on the work we have pgrformed, we conclude that there is a matsyiol misstatem&nt ol this other information,
we ore required to r8port that fact
We have nothing to report Sn this regard.
12

Independent Auditors Report To The Members ol St Margaret's House (continued)
Opinions on other matters prescribed by the Companies Act 2006
In our opinion. based on the work undertaken in the course of the audit
the informotion given in the trustees. report {incorporating the directors, report) lor the Ilnanciol year for which
tha financial statements ore prepared is consistant with the financlal statements., and
the trustegs, rgport has been prepared in accordance with applicable legol rgquirem&nts.
Matlers on which we are required to report by exception
In the light of the knowledge and understanding of the charitoble company and Its environment obtoined In the
course ol the aud¢ we have not identifked material ml8Stotements in the dlrectOfS' report Included within th8 truste8S'
reporl
We have nothlng to report in resp8Ct of the following matters In relation to whlch the Companios Act 2006 requires us
to rgport to you if, in our oplnion..
odequatg accounting records fKJve not been kepl or returns odequate for our oudit have not been receivad from
branches not visited by us.. or
the financial stot8ments ur& not in agreement wlth th9 accounting records ond retuins,. or
certoin disclosuies of trustees. remunerotion specified by law are not made,. or
we hov9 not received ull the information and explanotions we requSre for our audit-, or
the truste8s werg not entitled to prepar& the financlol stotement5 in accordonce with tha small companies,
re9ime ond take udvantoge of the small companies. exemptions In praparing the trustees. report ond from the
requirement to prepare a strategic raport
Responsibilitles of trustees
As explained more fully in the trustees, responsibilities statem&nL th8 trust8es (who arg also the difectorg ot the
charitoble company for the purposes of company law) ore responsible for the pr8paration of the financial statements
and lor being satisfied that they give a true and fair view, and for such interr￿1 control as the trustges detormine is
necossory to enable the prepoiotlon of financiol stotem&nts that are free trom material mi$statem&nt whether due
to fraud or error.
In preparing the flnancial statements, the trustees arè iesponsiblo for assessing the charitobl8 companys abiifty to
continue as a going concern, disclosing, as applicable, matters reloted to going concern and using the going concern
basig of accountin9 unths the trustees e¢ther intend to liquidat8 the el)aiitable wmpany or to cease operotions, or
hove no realistlc olternotiva but to do so.
Auditor's responsibilities forthe audit of the flnancial statements
Our obj8¢tives are to obtoin reasonable assurance about whether the linoncial statements 0$ a whole are free from
material misstatemenL whether due to fraud or error, and to issue an auditor's report that includes OLJr opinio
R8osonable assurance is o high level of assuronce. but is not o guarant8e that on oudlt conducted in accordance with
ISAS (UK) will always detecta material misstatemer)twhen itexist5. Misstatemgnts can orise from froud Of error and are
considered materlal If, individually or In th& aggregate, they could reasonably be expacted to Influence the economie
d8clslons of users taken on th8 basis of these financialstatements.
Irregulorities, including froud, are instances ot non-complionce with laws and regulations. We design procedures in
line with our r8sponsibilities, outlingd above. to detect material misstatements in respect of irregulorities. inclulling
fraud. The speclfic procedures for this engogemont and the extent to which thgse are copable of d&t8cting
Irregulorlties, including fraud Is dgtoiled below..
Enquiry of monag&ment and thos& char9ed with governance around actual orKI potentlal IFtigation ond cloims
as well as actuol, sUsp￿ted and alleged fraud,.
Revlewing minutes of meetlngs of those Charged with governance,.
13

Independent Auditors Report to the Members of St Margaret's House (continued)
Assessing tha extent of compliance wlth the laws and regulations considered to have o direct material elfect
on the tinonclal stot9ments or the op8ration$ of the company through 8nquiry and inspection:
Rgviewing financial statement di$closur&s and testing to supporting documgntation to ossess compliance wlth
opplicoble lows and regulotions;
Partorming audit work over the risk of monagement bias and override of ¢ontrol& including testing ol Journal
entries ond other adjustments for appropriotenpss. evaluating the business rationale of significant transactions
OL￿1￿8 the normal course of business and revi&wSng accounting estimates lor indicotors of potential bias.
Because of th8 inharent limitations of an audiL thgre is a Tisk thot we will not detect all irregularitie& including those
leoding to a moteriol misstatement in the financial statements or non-compliance with regulation. This risk
incieos8S the more that complionce with o kjw or regulotion Is removed from the events and transactions relleeted
in the finonciol stotemants, as we will be les5 likely to bgcome aware of instances of non-compllonce. The ilsk is also
greotar rogarding irregularitles occurring du8 to Iraud rather than 8rror, as fraud involves intgntional concealment
forgèry, collusion, omission or mlsrgpresentotion.
A further description of our rgsponsibilitles 1$ availoble on th8 Finoncial R&porting Council's website at
https-.Ilwww.fic.oig.uklouT-WorklAuditlAudit-and-aSSVfancelstandords-and-guidancelstandord$-and-
guidancg-tor-auditorslAudltors-Tosponsibllities-lor-auditlD8scription-of-auditors-responsibilitie5-for-audit.Q$p
ThSs de$¢ription forms part of our audltorfs report.
Use of our report
This report is made solely to the choritable componys members, as a body. in occordance wlth Chapter 3 01 Part16
of the Companies Act 2006. 1)Jr audit work has been undertaken so that we might state to the charitable companys
m&mber$ those matters we or8 required to stote to them in an auditors report and for no other purpose. To the
lullest extent permitted by law. we do not accept or assume responsibility to onyone other thon the choritable
compony and the charitable companys membors os a body, for our audit worl for this reporL or for the opinlons
we have fomed.
J Howard FCA (Senior Statutory Auditor)
for and on behalf of Azets Audit Services
Statutory Auditor
2￿￿ Floor
Regis House
45 King William Street
London
EC4R 9AN
Dote.. 3 December 2024
14

Statement of Financial Activities (including income and expenditure account)
forthe year ended 31" March 2024
Year ended 31*1 March 2024
Year ended 31st March 2023
Unrestricted Restrlcted Total
Funds
Funds
Fund$
Unrestricted Restricted Total
Funds
Funds
Funds
Note £
Ineome Irom:
Donotlons
legacies
Investment
income
ChaTltable
activities
Total In¢ome
ond 2 150,929
185,823
336,752
31882
107,094
139,976
3 13,436
13,436
8,795
8,795
4 1,007,372
1,007,372
888,057
888,057
1,171,737
185.823
1,357.560 929,734
107,094
1,036,828
Expendllureon:
Charitablg
activities
Raising funds
Total gxpgnditure
1,112,599
157,575
1,270,174
879,004
120,523
999,527
6,708
1.119.307
6,708
1,276,882
5,884
884,888
5,884
1,005,411
157.575
120,523
Gainl(Loss)
investments
Net
income
(exp•nditure)
Transfer of funds
on 10 31,788
31,788
(21,430)
(21,430)
84.218
28.248
112,466
23,416
(13,429)
9,987
13 {9,004)
75.214
9,004
37,252
(3A37)
19.979
3,437
(9,992)
Net movem•nt In
lunds
112,466
9,987
R•eon¢illutlon of
funds:
Total
funds 13 6,679,487
brought forward
Total
tund8 13 6,754,701
earrled lorward
46,488
6,725,975
6,659,508
56,480
6,715,988
83,740
6.838.441 6,679.487
46.488
6,725,975
All of the above amounts relate to continuing octivities.
All gains and losses arising are included in the Statement of Financial Activities above.
The notes on pages 20 to 29 form part ofthese financial statements.
15

Balance Sheet as at 31st March 2024
2024
2023
Note
Fixed Assets
Tangible tixed assets
Investments
6,065,973
527,312
6.593.28B
6,068.73
491,272
6.559.985
io
Current Asset$
Debtors
Cash ot bonk ond in hand
ii
21,578
317.450
339.028
44,105
199,570
243,675
Creditors.. amounts fulling due
within one year
12
(93,872)
(77,685)
Net Current A$$ets
245.156
165.990
Total Nel A$$et8
6.838.441
6,725.975
Fund$:
Restricted Funds
Designoted Funds
Unrestricted General Funds
13
13
13
83,739
319,230
6,435A72
6,838.441
46,488
319,230
6,360,257
6,725.975
Thesa financial statement5 have been pr8pored in accordonce with the special provlsions of Part15
of the Companies Act 2006 relating to small choritable companies.
The accounts were approved by the Board of Trustees on............ 2024 ond were signed on their behalf
by..
Eugene Lowrie
Choir
Ms Sapna Ajwoni
Treasurer
The notes on pages 17 to 26 form part of these financial statements.
Company number. 7645599
16

statement ofcashflows fortheyear ended 31" March 2024
2024
2023
Note
Cash Ilow$ from operating actlvltles
Cash generated from operations
18
115,404
(9,276)
Net cash provlded by operatSng
activitles
115.404
(9.276)
Cush flows from Inv08ting a¢tlvitles
Purchase of property, plant and
equipment
Net Inv8stment income received
Withdrawals from investments
Invested in the yeor
(2,920)
2,476
7,771
438,462
{500,000)
Net cash provided by Investlng
aclivitie8
2,476
(56,687)
Chango in cash and ¢ash equivalents
durlng the year
117,880
(65,963)
Cash and cash equivalents at the
beginning of the year
199,570
265,533
Cash and ¢ash equivalonts at the end
of th• year
317A50
199,570
l Aprll 2023
Cash Flowg
31 Mareh 2024
Cash
Total
199,570
199,570
117,880
117,880
317,450
317.450
The notes on poges17 to 26 form part of these financiol statements.
17

Notes to the financial statements forthe year ended 314t March 2024
Accounling Policie8
Basis ol Accountlng
The financial stat8ments hove be&n prepared under th8 historical cost convention and in accordan¢& with
Accounting and Reporting by Charities= Statement of Recommended PractlC8 applicable to chorities
preparing their accounts in accordance with the Financial Reporting Stondord applicable in the UK and
Republic of Ireland (FRS 102} iricluding update bulletin 2, tha Financial Reporting StandoTd opplicable in th8
United Kingdom and Republic ol Ireland (FRS 102), and the Companies Act 2008.
st Margargt's House meets the Definition of a publ1¢ benefit und6r FRS 102.
The functional currency of these statements is starling. Amounts ore rounded to the nearest pound.
¢)oing Con¢om
Tha trustees have assessed whether the use of the going concarn basis is appropriate in preparing these
financial statemènts and have Considered possible events or conditions thot may cast doubt on the obility
of the charity to contlnug as a going concern. The trustees havg made the ossessment foi a period of ot
least one yaar from the date ol approval ol the financlal Statements.
The chorlty thorefore continues to adopt the going concern bosis in preparing its financial statements.
Income
All incomo is included in th8 Statement of financial activities when the chority is entitled to, virtually c8rtain
to receive and the amount can be quantitled with reasonable accuracy.
Grants are recognised on a receivoble basis where there is reasonable expectation on entitl&menL
Investment Income is included on a iec&ivoble bosis.
Rents and Room Hire are on o receivablg basis.
Income from trading activitles ore included when goods ar8 sold.
EXpondI￿re
Expenditure is in¢lud8d in the Statemgnt ol Financiol Activities on an accrual basis inclusive of irr8coveroblg
VAT.
Charitable actlvltles In¢lude expenditure associated with th& moin objectives of the charity and include
both direct and support costs relating to the$8 activities.
Employee Beno11ts
The cost ol short-term employee benefits ore recognised as a liability and &xpenses.
The cost of unused holiday entitlement is recognised in the period in which the employees, s&Nices are
received.
Pen¥ions
Pension costs chorged to the Statement of Financial Activlties (SOFA) represent the contribution payablo
by thg charity during the year.. the charity has a stakeholder scheme.
The charity has no Ilability under the schgme other than the poyment of contributions.
18

Notes to the financial statements for the year ended 31st March 2024 (continued)
Accountlng Polieles (continued)
Taxatlon
The charity is a registered charty and therefore not liable for income oi Corporation Tax on incomo derwed
from its charitable octivities.
The Charity is reglstered for Corporation Tax due on activity of the Community Café.
Op•ratlng L•a$e8
Rentals payable under operoting leas8s, where substontiolly oll the risks and rewoTds of ownership remaln
with the le$$or, or8 ¢harg8d to the statement of tlnanciol activities in the year in which they fall due.
Flx•d Au•ts
Freehold properties are Stot&d at cost and not depreciated. Tha members are ofthe opinion that th8 residuol
value of the building is in excess ofthe carry volue ol this asset and th8refore d8pr8ciation is not appropriate.
Impoirment reviews ore corri8d out on an annual basis on ossets whose useful economic lives ore 8xpect8d
to exceed 50 years in accordance wlth Financlrjl Reporting Standard 102.
Other Fixed assets over £1.500 are capitolised and written off in the year.
Depreciolion is calculated to write off ossets over their useful lives.
Other fixed assets are stated (rt cost less accumulated depreclatlon..
Fixtures & fittings- 3 years
Office Equipment- 2 years
Inv￿*mant$
Investments ore shown ot thair market value. Realised and unr60lised gains are shown within th8 Stotemgnt
of Financiol Activities.
Cash and cash oqulvul•nts
Cosh and cash equivalents include cosh in hand, deposits held at call with banks, other short term liquid
investments with original maturities ol three Fnonths oi18ss, ond bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
Dobtors
Debtors or8 r8cognised initially atfair volue. A provision lor impairment ol trade debtors is estoblished where
there is objective evidence thatthe chority will not be able to ¢0118Ct all amounts due. Any losses arising Ifom
impoirment will be Tecognised in the SOFA.
Cr•dilor$
Short term creditors are measured at the tronsaction price and are recognls@d where ther8 is a present
obligatlon resulting from a past event that will probably r￿sU￿ in the tronsler of funds to a third porty-
Flnun¢lal InstNments
The company hos elected to apply the provisions of Sectlon 11 'Bosic Financial Instrum8nts' and Section 12
'oth$r Financial Instruments Issues. of FRS102 to all its tinancial instruments.
19

Notes to the linanclal statements for the year ended 31st March 2024 (contlnued)
A¢¢ountlng Poll¢lo8 {conilnu•d)
Ba$1¢ flnqn¢lo1 assels
Basic financial assets, which include trade and other receivables and cash and bank bolances, are initiolly
mgasured at the amount r8ceivable and Subsequently odlusted for any impairment or other chan9& in
consideration expgcted to be receivgd on settlement.
Bo¥ic flnuncial Ilqbllili
Basic financial liabilitles, including trade and other credltors, bank loans, loans from fellow group companies.
are initially m?osur8d at the amount payable ond subsequently adjusted for ony changes in considerotion
expected to be paid on settlemenL
Fund
Restricted Funds are sublect to donor-impos8d conditions.
Unrestricted funds ore available for use at the discretSon ol the Trustees in furtheronce of the g8neral
oble¢tives of the charity.
Designated Funds are r8seNes for a porticvlor purpose with exp8Ctations that these will be transferred to
general reserves to match relevant expenditilT8 In the income and exp8nditure account.
Estimat•$ and Judgemont$
In preparing tinonciol statements It 5$ necessary to moke certain judgements, estimotes and assumptions
that off8ct the amounts recognised in the financial statements. The trustees consider thot only significant
judgement ond &stimates used relates to the valuation ol the freehold property.
An independent protessionol voluation took place at the date ot tronsition to FRS 102 ond the deemed cost
modal has been adopted. The trustees consider this valuotion remoins appropriate based on ovailable
market dato ond the annuol impairment r8vi?w.
Donatlon$ and l•gacles
2024
2023
Grants - Restricted
Grants - Unrestricted
Donations
185,823
150,000
929
336.752
107,094
30,000
2,882
139.978
3. Investment In￿rne
2024
2023
Investment income
13,436
13.436
8,795
8,795
20

Notes to the financlal statements for the year endod 31st March 2024 (continued)
4. Incom• Irom Charltable Activlti•s
2024
2023
Communty Café
Rents
Room Hire
Charity Shop
Arts & Wellbeing Fees
otheT IncomelR8charges
430,711
408,778
49,741
63.526
39,295
15,321
1.007,372
377,119
394,379
49,057
37,631
18,722
11,149
888.057
Analysis ol Expendlturnon CharltableActlvltl•s
Communlty Promlso8
Café
Faelililos
Shop
Arts and Barn
Wellbelng ProlKt
2024
Direct costs
stoff related costs
office costs
Support Costv.
Staff related costs
Premises costs
Centrol services
hAarketing l AR
Audit l Tax fees
Depreciation
Buildin9
project
fees
Total Expenditurn
2024
203.002
283,760
3.885
2,452
50,941
1,9
193.882
175.595
11,736
339.338
598,810
19.507
88,514
1,943
965
624
2,029
838
3,396
973
1090
188,674
1,015
173
6,086
1.015
419
679
1,225
18,206
6,088
1931
6,113
4.453
213.590
10.148
4.188
13.584
2,740
3,819
3,396
1,767
499
249
1,496
1,575
499.971
268.974
63.957
417.272
.270.174
Of the total expenditure £1,270,174 (2023.. £999,527), amounts totolling £157,575 (2023: £120,523) were
ottributabl8 to restricted lunds.
Comparathi• Informalion: Anuly81$ of Expondtture on Charfiable Activlti•$
Communlty Pramlses
Shop
Arts and Barn
Caté
Facilitlo$
Wollb•ln
Project
2023
Direct Costs
stafl related costs
Offi¢@ costs
Support Costs:
stoll related costs
Premises costs
C8ntral services
Markoting l AR
Audit l Tax fees
Depreciotion
Building
project
faes
T￿al ExponditUTe
2023
182,355
219,109
4,055
1837
33.474
572
123,946
162,171
6,627
309,138
474.893
19.956
60.139
8,701
3,604
989
129,204
1,546
440
3,228
1,767
550
5.857
386
220
646
2,666
22,939
4,331
1637
6.456
7.809
158.000
7.809
4,396
12.912
1740
1,546
1,099
1582
973
1,875
1,875
206.014
44.542
331.773
1,876
999.527
415.323
21

Notes to the financlal statements for the year ended 31Ft March 2024 (contlnued)
6. Net In¢ome l (oxpendlture) forthoy•ar
Is slated after charyln9:
2024
2023
Depreciation
Cost of stock
1740
203,002
1740
182,355
Auditors remuneration..
Audit Fees- current year
Non-Audit Services - current year
Izooo
1,584
11,500
750
staff Costs
2024
2023
Wag&s ond Salaries
Social Security Costs
Pension Costs
Other Staff Costs
539,650
44,985
14,175
4,453
603.283
432,159
34,164
11,146
5,233
481702
staff costs above have been allo¢atad to
choritobla expenditure as Shown below.
Charitoble octivities
Support costs
2024
2023
598,810
4,453
474,893
7,809
staff Numbers
2024
2023
Average number of gmployees
24
20
No employee eorned in excess of £60,000 in the year.
The key manogement personnel In the y8or comprisad the trust&8s. chief executive officer, deputy chief
executive officer and c&rtain departmont managers.
Total remuneration paid to key management personnel durir)g the year wag £201.040 (2023: £196,139),
including pansion cor)tributions of £5,049 (2023.. £4.375).
No trustee received poymant for professional or other services supplied to th8 charity {2023-. None). Trustees
are not ramunerated but ore reimbursed lor trovel and subsistence expenses incurred through attendance of
meetings. Reimburs&mont of travel expanses to truste&s in 2024 was £Nil (2023: £Nil).
8. Taxatlon
The charitable Company has a liability to corporation tax on its charitable trading activities.
Thg tax charge can be analysed as follows..
2024
2023
Current Taxotion
Adjustments in respect of prior y8or
Def&rred taxation
22

Notes to the financial statements for the year ended 31*t March 2024 (continued)
9. Tanglble Fixed A$8el$
Freehold Land
& Buildlngs
ixwr•$ &Fitting$
Equipment
Total
Cost
As at l April 2023
Disposals
As at 31 Ma￿h 2024
6,065,000
14,054
14,808
(6,5881
8.220
6,093,862
{6,5881
6.087.274
8.065,000
14.054
D•preciailon
As ot l April 2023
Depreciation charge
Eliminated on disposal
A8 Ul 31 Mur¢h 2024
14,054
11,095
2,740
{6,588)
7,247
25,149
2,740
(6,588)
21.301
14.054
N•t Book Valu•
As at 31 MaKh 2024
6.065.000
973
6.065.973
As at 31 March 2023
6.065.000
3.713
6.068,713
A professional voluotion ol the freehold land and buildings, prepared by Forebrother Chartered SuNeyors
wos obtained as at l April 2014 valuing property portfolio ot a value in use of £6,065,000 which was
cor)sidered to be the deemed cost upon adoption of FRS 102 occounting framework tor periods commencing
on l April 2016.
In the opinion of the Trustees the market value at 31° March 2024 is not materially dSff&rent and ther8 hos
been no evidanc8 ol any impairment.
10. Inv•$tmonls
2024
2023
Market volue ol investments at l April 2023
Aequisitions at cost
Disposals ot market value
Change in morket value in the year
Markotvalueof Invostm•nts at31 March 2024
479,462
241429
(238,111)
31,788
515,668
456,022
530,642
(485,772)
(21,430)
479.462
Cash held by investm&nt manogers for re-
investment
Balance ot 31 Mar¢h 2023
11,744
11,810
527.312
491.272
Hislorical Cost
Inv8Stments comprise the following..
Equities IListgd)
504.318
600.000
515,568
479,462
11. ￿bt¢1¥
2024
2023
Trode debtors
Other debtorslprepayments
3,481
18,097
21,578
1,790
42,315
44.105
23

Notes to the financial statements for the year ended 31st March 2024 (continued)
12. Credltors: amounts talllng due withln oneyear
2024
2023
Trade creditors
other Creditors
Taxation I social security costs
Accruals
2,274
6,082
32,862
52,654
93.872
1,270
fj,084
25,604
44,727
Tl.685
13. Reconclllailon and qnalysls ol movement on lunds for the yoar
Balance at l*
April 2023
Galn$
(108s•s)
Balan¢¢ at 31"
Translors Mareh 2024
Income
Expenditur•
Unrestricted Funds
6.360,257
319,230
46,488
6.725.975
1.171.737
(I,Iiz599)
36,040
(9,004)
6,436.4n
319.230
83.739
6.838.442
Designated Funds
Restricted Funds
185,823
1.357.560
(157,575)
(1.270.174)
9.004
Total Funds
36.040
Re8lriclod Fund$
City Bridge Fdn
NL Herltage Fund
Post Code Society
Sociol Prescribing
Sport England
Fdn lor Futur& Ldn
7.236
45,410
29,301
(44,016)
(29,301)
(1,588)
14,013)
(10,870)
(18,000)
(30,570)
(iooo)
(6.202)
(916)
2,505
11.135
1,588
4,013
3.800
15.000
14,851
14,140
3,000
17,000
2.000
11,955
5,000
775
7.070
London Marothon
Queen Adelalde's
Children in Nged
1.281
5.753
4.084
775
Clorion Futures
L8 Tower Homlets
Poor's Land Charlty
Veolia Env Trust
15,000
41242
185,823
(10.099)
(757,675)
6,499
9.004
53.842
83.740
Totol
Fund8
R•strlctod 46.488
Unrestrlcted ftjnds inelude £31,788 relating to unrwlised gains on investments (2023.. £21.430 losses).
D￿lYnated Fund*
St Morgarefs House ha5 a designatad funds totalling £319K (2023.. £319K} to help finance the building ol an
Arts and Wellbeing Centre which is on hold and will now be used to updote the fabric of the current
buildinglinvest In systoms pending professional advic9.
24

Notes to the financial statements for the year ended 31st March 2024 (continued)
13. R•conGlllatlan and analyslJ5 of movomenton funds for th•y•ar (¢ontlnued)
Regtrlet•d Fund*
clty Brldge Tru*t- funding in support of Ghyamo Art4 Disability Arts project providing weekty theatre, film,
clrcus ond cioss-arts se5sions1gading to publlc c8lebration& Project continues.
Natlonal Lott•ry Horltago Fund - fvjnding in support of our Mondozo project working in the local community
to celebrote boxer Daniel Mendoza through re5eaich, talks, theatre pertormon¢e and film. Project complete.
Po•t¢odo So¢l•ty Trust - fundlng tor the exploration of th8 Outdoors through art und wollbeing sessions.
Project complete.
$oclal Pr•sGrlblng- fundin9 for a men's soclal prescTiblng reseorch project PrO￿t complete.
Sport England - funding for exèrcise progrommes for local groups in Tower Hamlets. First project complgt
and new projoct with new funding storted.
Fgundailon lor FIiiuM London- funding for 16-18 year olds on placement with St Margareys Hous8. prolect
complete.
London Marolhon Fund- funding for circus skills and 8n9aging inactive Londoners. ProlKt complet8.
Quo•n Adolqld•'s Charlty- funding tor Easter holiday activities for locol childrern ￿oI￿t complete.
BBC Chlldr•n In N￿d- fundlng for OUT Hiiarty programme. Proj&ct continues.
Clarfon Futurns- funding for Tramshed Tuesdays. Project continues.
London Borough of T¢>wor Hamlots - funding lor regular hall term and Eoster holiday activities for local
children. Project continues.
PooV8 Land charlty- fundlng for the garden redgvelopm8nL Prolect continues.
V￿la Envlronmontul TN•t- funding for the garden redèvelopment Project continues.
25

Notes to the linancial statements for the year ended 31st March 2024 (continued)
13. Reconclllation und onalysls ol mov•m•nt on lund$lor tho ywr (continued}
Comparotlv• Informailon: Anolysls of movem•nt In funds lor the yoaronded 31 Murch 2023
Balan¢• at 1st
Galns
Aprll 2022
(lossw)
Balane• at 31
Tran51or March 2023
In¢om•
Ex￿ndItur•
Unrestricted Funds
6,281,444
378,064
56,480
6.715.988
929,734
(883,011)
(1,875)
{120.523)
(1.005,411) (21.430)
(21,430)
53,522
6.380.257
(56,9591 319.230
3,437
46,488
.725.975
Designoted Funds
Restricted Funds
107,094
1,036,828
Total Funds
R?stri¢t8d Funds
Children in Need
3,502
NL Horitaga Fund
7,603
City Bridge Trust
9,980
Post Code Lottèry
2,520
Arts Council {Health Tree)
3,574
Arts Council (culture Recovery) 29,301
Arts Council (The 8orroweis)
Foyle Foundation
Sports Council (Return to Ploy)
GLA Culture Team (Research)
Lottèry Ipioce Like Home}
Heritage (Mendoza)
Individual Donor (Anon)
Total Re8tricted Fund8
250
(5,711)
(38,031)
(9,980)
(3.467)
(4,085)
(29.301)
(3,114)
(8.222)
(5,747)
(3,500)
1,959
37,664
7.236
947
511
3,094
9,810
9,760
7,300
15,000
20,000
4,216
107.094
20
l.S88
4.013
3.800
15,000
14.851
(5,149)
(4,216)
(120,523)
56.480
3.437
48.488
Heritage Fund In relation to LGBTQ. Project colled Molly's Masquerade. LBGTQ Project investigating the
heritage ol Molly Hou$8$ through regulor r8search. workshops, walks, theatre, Craft and donc& leading io
public shoring of heritage learnt. Project ended July 2021.
Arts Council (Health Tree) Fund - Funding providèd in support ol Well Being Arts Project Project offered weekw
activities in everything from Woodwork, acupuncturg, walks, theatre, movèment and linked it with social
prescribing. Also created a netrmork linking arts ond health. Project ènded March 2022.
Arts Council (CU￿Ure Recovery) Fund - Covid Support for Arts & Wellbeing. Supported St Margareys House
through rocoveryof Covid eontributing to staff costs,training, communications p￿onnIng and digitol expertise.
Project ended in D8cember 2021.
Arts Coun¢ll (The Borrowers Fund) - Funding providgd in support of outreach Workshops. Two-month project
working with Tower Homlets Carers ond two artists on research and development. Digital outcomes in music
produced.
Foyle Foundation Fund
Funding provided lor access and sSgnage. Signag8 project adding impfoved
facilities to St Margorefs Hovse. Projected ended in November 2021.
26

Notes to the financial statements forthe year ended 31*t March 2024 (continued)
14. Analy81$ of tolal not osset8 botwoon tunds
Tolal Fund$ at 31
March 2024
Unr￿trICtod lund8
RO$trI￿ed fvnd$
Fixed Assets
Current Assets
Current Liobilities
6.593,285
255.289
(93,872)
6.754,702
6.593.286
339.028
(93,872)
6.838,441
83.739
83.739
Total Fund$ at 31
March 2023
unrestr1¢t￿ funds
Restrktod funds
Fixed Assets
Current Assets
Current Liabiliti8s
6,559,985
197.187
(77,6851
6.679.487
6.559.98S
243.875
(77,6B5)
6.725,975
46,488
46.488
15. R•lat•d partytransactlon$
The Chief Executive occupies one ot the charity's properties, 19 Old Ford Road, in the capacity of caretokgr
ond pays rent of £4,069 per annum (2023. £3,051).
All rents are charged ot on orm's18ngth basis and there ar8 no amounts due at the yeaT &nd.
16. Company Llmltod byguarantoo
The company is limited by guarantee and does not have a share copital. In the evènt of the company being
wound up the moximum amount which each member is liable to contributè is £1. At 31 March 2024 th&re were
10 members.
17. Op•rating Leoses
2024
2023
offi¢• Equlpm•nt
Lass than l year
Within1-5 yeors
1,809
2,272
4.081
12,686
1,249
13.935
18. Cash u8•d In op•ratlng actlvhl•$
2024
2023
Net movement In funds
112,466
9.987
Add back d8pro¢iotion
Add back revaluation (goin) I loss
Add Inv$stment manager feas included within Investments
Less Investment In¢omo received
(Ir)creose) l D&crease in debttsrs
(Decrease) I Increase in creditors
1740
{31,788)
6,708
{13,438)
21527
16,187
115.404
2,740
21.430
5,879
(8,795)
{35,041}
{5,476)
(9.276)
27