Annual Report ST. MARGARET'S HOUSE 2025 1111 io homèfor cr•aUvg health Contents Pages Reference and Administratlve Details Trustees Report 3-13 Independent Auditors Report 14-16 statement of Financial Activities 17 Balonce Sheet 18 statement of Cashflows 19 Notes tothe financial statements 20-30 Repair Café. Photo credit: Chuck Blu8 Lowry omefor ergotlv9 heolth Referenco and Admlni8trativ• Detalls Charlty Name: Charity Number Company Number. R•gistgr•d Officgloper Four Corners Film Little Wild Theotr8, Theatre of Widdershins and Tiny Pickles Thoatre performan¢8s for children and fomllies We ore Heard migrant choir + Collectivebr8ak protest group delivering sewing project Experiments in Rest Visual artist Fibi Afloe (documentary photographer based in Nima, Ghana) exhibition through Millanium Images. S Breoks and Joins collaborotlon wth our Repair Cafes + Waling Waling Drama Group performancg highlighting th8 work of migrant domestic workers + The Habitat Project and Be Right Back showcasing and supporting Hong Kong artists Skaped Artivism Festival + Queer Migrant Pride Festival • The Glory showcasing drag p8rformances Pindrop Theatre through Stories of Migration participatory workshops + Grief Cafes with City ond East London Bereavement Service (CELBS) % Grand Union Orch8Stra concert ZU-UK outdoor audio 8xperience, D8celeration, ocfvocating slowing down Tower Hamlets LGBT+ Community Forum + student Grief Metwork S Participatory Arts London through hosting a Freelancers. Marketplace We took part in local and nationol initiatives by hosting Open House tours of our building, a day of free activity for our community through o Fun Palace, and delivering three creative prompts for the January Challenge with 64 Million Artists. Our monthly open Mics provided more than186 community members opportunities to showcase their music and poetry andlor listen tothework of others. We delivered our second, annual Arts and Wellbeing F8Stivol in July 2024 whlch wos experienced by 264 people. We hosted thr88 Repair Cafes, fixing 73 items that might otherwise have gone to landfill. We hosted 26 exhibitions and provided three Artist in Residence Opportunities (visual and movement artist graffiti artist and illustration artist). In our Create Place, volunteer and community groups led craft, beading, woodwork, visual art and sewing workshops and two book clubs. Emerging ortists delivered zine-making, henna, spoken word ond poetry. creative writing photography, pottery and pointing workshops. Our long-standing partners, Shog Pile, continued to deliver weekly swing dance sessions with growing numbers of participants attending. In our Canvas studio, our wellbeing sessions expanded to offer more styles of yoga at a variety of different times, with new movement and dance sessions and more acupuncture clinics to meet demand alongside nine monthly sound baths. Many of thes8 sessions and our new social gardening club received a broad spectrum of social prescribing referrals. Our children and young 11 I￿rnet0r ¢reatlvè health people's offer included weekly termtime crafting and circus workshops as well os half term ond Easter holiday p8rformances by touring companies for local families. Our grant-funded programmes continued with: comedy s8ssions for children and young people, supported by BBC Children in Need; + performance arts sessions in circus, theatre and film for disabled adults ot the BPC supported by the City Bridge Foundotion; frea half term and Easter holiday activities for local children. supported by the London Borough of Tower Hamlets (LBTH) through the Mayor's Community Fund; weekly meet-ups for the Eost London Pensioners. supported by LBTH; free gentle exercise sessions for the local community, supported by Sport England; + free afterschool gomes sessions for children and daytime yoga sessions for women, supported by Clarion Futures; •> o series of free creatlve and wellbeing activities outdoors throughout the summer, supported by Action for Bow. Pregnancy Yoga 12 1￿me10r ¢reatlve*eolth A variety of feedback from our community gives on idea of the impact that our cafg, our charity shop, our space hire and our programme has on our community.. lin still happily attending weekly session& I can't tell you how much it's meant to me during a difficult timel _ Socially prescribed participant Innovative. creative, well-executed film - Lvhat o way to explore quite a complex issuel We love vvhen love winsl - Ghyama Arts audience member Its so creative and so therapeutic - I lie in bed and think about what I con add to it ngxt. Workshop participant We had a great day yesterday, thank you so much and thank you to all the team there who were super helpful and friendly. Space hirer We are very grateful to you for providing a space for us to exhibit in, we are a smoll charity and the opportunity means a lot. It was wonderful to be able to exhibit in an accessible and inclusive environment that mode you feel welcome and supported. Exhibiting ortist group MY fovourite cafe gverl The staff are so lovely and kind, the atmosphere is omazingl I love love love the gardenl So peaceful ond cutel The food is on another levelJ So delicious and unique. Gollery Cafe customer I show more of myself now than I did before, show people who l am. I do that wh8n I'm comfortable and I'm comfortable here. I love thot I can chat to people who aren't from my circle now. I now think of myself as a community leader. Emerging artist and facilitotor Brilliant Charity shop... Quirky and interesting items certainly worth o visit if you re in the area. Staff are oll extremely friendly too. Ayoko customer We couldn't do what we do without our dedicated stoff team, generous volunteers, funders and donors, café and chority shop customers, tenants, space hirers, audiences, participants and artists ond practitioners. We want to toke this opportunity to thank each and every one of them. Th8ir talents. openness, loyolty and enthusiosm makes St Margaret's House what it is: a hom? for Creatlve Healttr 13 homelor creotlve heulth Tru5tees' Responsibilities The trustees (who are also directors for the purposas of company law) are requir8d by companylawto preparefinancial stotementsforeachfinanclal yearthatgiveatrueand fairview ofthestateofaffoirsofthecharityattheendofth8yearandth8incomingand outgoing resources tor th8 year then ended. In preparing those financial statements the trustees are required to". select sultable accounting policiesandthenapplythem consistently,. observe the methods and principles in the Charities SORP; mak8judg8mentsandestimates thatarereosonableand prud8nt' statewheth8rapplicableaccounting standards have been followed, subject to any material deporturas disclosed ond 8xplained inthefinancial statements; prepare the financial statements on the going concern basis un18SS it is inappropriate to presumethatth8charitywillcontinueits activities. The trustees ore responsible for maintaining proper occounting records which disclose with reasonable accuracyatanytimethefinoncial position ofthe charity and enable themtoensure that the financial statements comply with the Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reosonable steps forthe prevention offroud andother Irregularities. In so far as the trustees are aware: There is no relevant audit information ot which the charitable company's auditor is unaware: The trustees have taken all steps thot they ought to have taken to make themselv8s oware of any relevant audit information and to establish that the ouditor is aware of that informotion; Thetrustees are responsibleforthe maintenance and integrity ofthe COr￿rate and financial information included on thecharitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of flnanciol statements may diff8r from legislations in otherjurisdictions. This report is prepared in occordanc8 Wlth the provision of Part15 of the Companies Act 2006 relating to companies subject to the smoll companies. regime. This report was approved and authorised for issue by the Board of Trustees on 14 November 2025 and signed on its behalf by Eugene Lowrie Chair 15 home for creative t￿1th Financial Review st Margaret's House has a variety of funding streams in 202412025 giving a total income of £1,264K of which £985K was raised from its own choritable activities by offering services and spaces for o rang& of groups across the community. In addition, St Margaret's House hos attracted £263K in grants from various funders lor a variety of projects. The total 8XP8nditure tor the yearwas £1,316K generating an operational deficit of £52K bafore adjustments for gains on investments (£2k) resulting in a net deficit of £50K for 24125. The net deficit of £50,000 recorded in the yeor was planned and reflects th8 Trustees. decision to drow on the charity's reserves in order to undertake essential repairs and refurbishment of our buildings, which had suff8red from under-investment in recent years. These works are an Investment in the long-term sustainability of the charity, ensuring that our facilities remain safe, welcoming, and fit for purpose. The Trustees are confident thaL once these capital works are completed, the charity will return to a position of at least breaking even. We wish to express our gratitude to our volunteers os well as all those who hove given us thelr support and hope that this will continue for many years. Reserves Policy The Balance sheet reflects our financial stability ond enables us to widen our offer within the community. The Board hos examined and reviewed the organisation's requirements in lin& with the potential risks to the organisation. At 31 March 2025, the charity held total funds of £6,789K (2024: £6,838K) of which R8stricted Funds were £26K (2024: £84K) and £6,763K (2024: £6.755K) in general funds. Unrestricted Funds (General Funds) are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. It is the charity's policy to have 3 months operotional exp8nditure as a general reserve, this being £349,002 based on the 25126 Budget. Designated Funds ore reserves for a particular purpose with 8xpectations that these funds are availabl8 to the general fund should the need arise. Total Funds at 31 March 2025 (excluding flxed Assets) at the Trustees is £625.718 (£772,468 at March 2024). Plans for the Future 2025-2026 will see us begin to moke long-needed irnprovem8nts to our buildings through capitol works to repoir the roofs and make accessible and sustoinobility changes whare they are needed. We will focus on stoff training and wellbeing, ensuring our teom are supported as best we con so that they in turn can support our community. We'll give our charity shop a makeover and find ways to connect Its work to our programme more. We'll have a r8newed focus on ourevaluation methodologies and ensure we are finding ways to capture the impact that we have on our participants. 14 ohome forereatlve hoalth Independent Auditors Report to Tho Members of St Margaret's House Opinion We have audited the financial statgments of St Margoreys Houso (the'eharitabb company) for th& yaar gndad 31 orch 2025 whlch compris& the Statement of Finoncial ActSvltias, the Bolonce Shoel the Statement of Cash Flow$ ond notes to the linonciol stotemants, including a summary of significant accounting policies. The financial reportlng framework that has been applied in thoir prgparation is applicable low ond United Klngdom Accounting Standard& including Financial Reporting Standard 102 'Th& Flnanclol Reportlng Stondord applicabl8 In the UK and R8publSc ol lyelund. (Unlted Kingdom Generally Accepted Accounting PractSce). In our opinion, the financial statements: give a true and falr view of the state ol thg charitoble company$ aflairs as at 31 March 2025 and of Its incoming rgsources and application ol r8sourc85, lor the year than &nded: havo been properly prepared in occordance with Untted Kingdom GeTharally Accepted Accounting PractiC8,' ond have been prepared in occordanee Wlth the requirem9nts of the Componies Act 2006. Basis lor opinion We conducted our audit in occordance wlth Int8rnatlonal Standord$ on Auditing (UK) (ISAS (LIK)) and applicable law. Our responsibilities undgr those standords or& furthor described In thè Auditor's responsibilities lor th8 oudSt of financial statements section of our ieport. we are IndepeThJent of the charttable company in accordance with the ethical requirements thatare relgvontto our oudit ol the financiol statements in the UK, including the FRC'S Ethical Standard and the provisions availab18 for small entities, in the cifcumstances set out in note I to the financlal statements, and wa hav8 fulfilled our otherethical responslbilities In occordancewiththese requirements. We beliovo that the audtt èvidence we h¢)ve obttJin8d is sufllcient and appropriate to piovlje a basis for our opinion. Concluslons relating to going concern In auditing the financial statem8nt4 we have concluded that the Rg1)ort of the Trustees. use of ihe going concern basis of accounting in the preparation of the financiol statements is appropriotg. Based on the work we hove performed, we have not identified any moterial uncertalnti&s relotlng to events or conditions thal individually or collectively, may cost significant doubt on the charitable cornpany's ability to continue as a goin9 coneern for a perSod of at least twelve months from when the financial stotem8nts are authorised for ￿$Ve. Our re$ponsibiliti8s and the responsibllfties of thetrusteeswith respecttogolng concern ore dgscribod inthe relwont sectlons ol thls rgporL other information The other information comprlses the Inlormatlon Includgd In the annuol report othoT than the finoncial statements and our ouditovs r9POrt theieon. The trust88s are responsible for the other information contained wlkhin the annual r8porL Our opinion on tha financial statèments does not cover the other InformatSon ond we do not 9xpress any torm of assurance conclusion theroon. is matèrialty irsconsistent wlth the tinancial statements or our knowledge obtuingd in the courso of th8 aud1¢ or otherwise appears to be materially misstotgd. If we ider)tify such matsrbal inconslstenci8s or opporent material misstatements. we are requlr8d to determlne whéther this gives rlse to o material misstatement in the finonclol statèm&ntgthemsefv8s. If, based on the work we have performed. we concbjde thot ther0 isa material mlsstatement of this other inlormotion, we are requir8d to report that fact We have nothiry to report in thls regard. 16 homé lor cretstlve heulth Independent Auditors Report to The Members ol St Margaret'$ House (Continued) Opinions on other matters prescribed by the Companles Act 2006 In our opinion, bosed on the work undertokgn in the course of the oudit tho Snlormotion given in the trusto8s' report {incorporating the directors. report) for thg financiol year lor which the finonciol statamants are prepared is con51Stent wlth the financ￿1 statements.. and the trustees, report has been prepared in accordance with opplicable18gal requir8m8n Matters on which we are required to report by exception In the Ilght of the knowledge and understar)ding of the charitable company ond its environment obtained in the course of th8 audlL we hovg not identified material MSsstat8mants in the dliectors. report Included within the trustees, report. We have nothirbg to report in fespect of the following motters In relation to which the Companios Act 2006 requires us to report to you il. in our opinion: adequate accounting records have not been k8pL or returns adequate for our audit have noi been re¢eNed from branches not visited by us,. or the financial statements are not in agreement with the accountln9 records and returns.. or certain disclosures of trustees, ramuneration specified by l¢JW ore not mode.. or we have not received all the Informatlon and explariotions we roquire tor our audit,. or the truste8S Were not entitl&d to prepare the financial sttstements in accordarte with the small companie regime and take advantage of th& small companies, exemptions In preparing the trustees. report and Irom th8 requirement to prepar8 a strategic reporL Responsibilities of trustees As explained more fully in the trustees, responslbillties 8tatom&nt the trustees (who ore also the directors of the charitable cornpany for the purposes of Company law) are responsible for the prepar(rtlon of the finonclal stat8ment$ ond lor being sotisfi8d that they glvg a true and ftsir vlew, Or￿ lor such internal control os thg trustees determine is necessary to enable the preparatiow) ol fir￿n¢la1 stat6ments that arg freo from material misstatemen¢ whether due to fraud or error. In preparing the finonciol statements, the trustees are r&sponsible lor assessing the charitoble companys ability to contlnue as a going concern. disclosing, as opplicoble, matters r&lat&d to going concern ond usin9 the going concern basis of o¢¢ounting unless th8 trustees &ither intend to liquidate the Charitab￿ company or to ¢ea$8 operations or hove no realistic a￿ernatIve but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives ore to obtoln reasonable ossuranc8 about whéthar the financial statements as a whole are free from material misstat8ment, whethèr dua to fraud or error, ond to issu& an OLKlitor's report thot includes our opinion. Rèasonable ossuronce is a high18vel of ossurancè, but Is not a guarantee that an audit Conducted in accordance wlth ISAS {UK) will alwuys detect o material misstot8ment when it exis￿ Misstotements can arise from fraud or èrror and ole considored materool rf, individuolty or in the aggregate, they could reasonably be gxpected to influence the economlc decislons of users taken on th& basis ol thesp finoncSalstatements. 17 a4)ome for ryeative h•alth Independent Auditors Report to the Members of St Margaret's House (continued) Irregularities, Including froud, are Instances of non-compliance with lows and regulatlon$. We d89ign procedures in lin8 wlth our responslbllitles. outlined above, to det￿t matarial misstatements in r8spect ot irregularities, includlng froud. The specific procedures lor this engagément and the extent to whlch these are capoble of detecting liregularities, including fraud is detolleLI below.. Enquiry of manogement and thos8 charged wfth governance around actual and potential litigotlon and claims as w811 as octual. suspected and olleged fraud,. Reviewing minutes ot meetings of those charged wtth governance.. Assessing the extent of compliance with tha laws and regulations considered to hove a direct material effgct on the linancial stot8ments or the operations of the company through enquiry ond inspection,. R9vi&wing finoncial statemènt disclosur&$ and testing to supporting documentotion to ossess complionce with applicable lows and regulations- Performing audit work over the risk of manogemant bios ond override of controls, including testing of journol entrles and other adjustmgfbts for appropriat&n￿s, evaluating the business rotionolg ol signiffcant transaction5 Outside th& normol course of business and reviewing occounting estimates for indlcators of potentlol blas. Because of the inherent limitation5 of on oud6L thgre is a risk that we will not detect all irregularitles, including those leading to a material misstotement in the financial Statements or non-eompllonce with regulatlon. This rlsk in¢re088s the more that complionce wlth a law or regukJtSon is removed from thg èvents and transact*)ns reflectgd in the linanclal statements. as we will b81oss Ilk&ly to become awore of instances of non-compliance. The risk is also grgater regarding irregularities occurring dug to traud rather than error, as fraud involves Intentiorbal concealmgnL torgery, collusion, omi$slon or misrepresentation. A further descrlptlon of our fespon5ibilities Is available on the Financial Reportlng Councll's webslto at.. https:Ilwww.frc.org.uklour-WorklAuditlAudit-and-assurancelstondards-ond-guiaanc8lstandards-aThJ- guidonce-for-audltorslAuditors-responsibllltles-for-auditlDescription-ot-ouditors-rosponsibilities-for-audlt.08P Thls dascription forms part of our audltofs report. Use of our report This reF)Ort is made solely to thè choiitable componV$ member4 Os a body, in occordance wfch Chapter 3 of Part16 ol the Companies Act 2006. Our audit work has been undertaken so that we might state to the charStablg companys membars those rThJtters we are requlred to stote to them in an auditor'$ report and lor no other purpose. To th8 fijllest extent p&rmltte¢J by low. we do not accept or ossum8 responslbilty to onyone other than the choritable company and th8 charitable company's m8mbers as o body, for our audbt worl for thls report, or tor the oplnions we ho￿ lorme £LfkncL4 J Howard FCA (Senior Statutory Auditor) for and on behalf ot Az9ts Audit Sgrvicos stotutory Auditor 2roJ Floor Regis Hou$9 45 Klng Wllllom Street London EC4R 9AN Date. 17 November2025 18 me lor¢I￿tIve tsulth statement of Flnancial Activitles (Including income and expenditure account) for the year ended 31st March 2025 Year ènded 315t Mar¢h 2025 Year ended 31°, Mor¢h 2024 Unrèstri¢ted Restricted Total Funds Funds Fund$ Note £ Unro$trlcted Restricted Total Funds Funds Funds In¢•)me from: Donations and legacies Investment income Chariloble activities Total incom• 2 156,701 106,174 262,875 150,929 185,823 336.752 15,750 15,750 13,436 13,436 4 985,407 985,407 1,007,372 1,007,372 1.157,858 106.174 .264.032 1.171,737 185.823 1,357.560 Expenditure on: Charitable 1,220,344 88,198 ,308,542 1.112,599 157.575 1,270,174 activities Raising funds Tolal expondlture 7,197 1.227.541 7,197 1,315.739 6,708 1.119,307 6.708 ,276.882 88,198 157,575 Gainl(Loss} on investments Net incomel {expendlture) Transfer of funds 10 2,198 2,198 31,788 31,788 (67,485) 17,976 (49.509) 84,218 28.248 112.466 13 75,803 {75,803) (57,827) {49,509) (9,004) 75.214 9.004 Net movement In funds 8,318 37.252 112.468 ReGonclllation of lunds: Totol funds brought lorword Total lunds ¢arried forward 13 6,754,702 83,739 6,838,441 6,679,487 46.488 6.725,975 13 6.763,020 25.912 6.788,932 6.754.702 83,739 8,838.441 All ol the above amounts relate to continuing activities. All gains and losses orising are included in the Stotement of Finoncial Activities above. The notes on pages 20 to 30 foim port ol these financial statements. 19 IKJme for tr￿tlY9 h•aRh li Balance Sheetas at 31° March 2025 2025 2024 Note Flxed Assets Tongible fixed assets Investments 6.163.214 535,440 6.698.654 6,065.973 527.312 6.593.285 io Current Assets Debtors Cash at bonk ond in hand 10,041 149,157 159,198 21,578 317.450 339.028 Creditors.. amounts folling due within one year 12 {68,920) 193,872) Net Current Assets 90,278 245.156 Total Net Assets 6,788,932 6,838,441 Fund& Restricted Funds Designated Funds Unrestricted General Funds 13 13 25,912 319,230 6,443,790 6.788,932 83,739 319,230 6,435,472 6.838.441 13 These financial statements hove been prepared in occordonce with the special provisions ol Port 15 of the Companies Act 2006 relating to small charitoble companies. The accounts were approved by the Board of Trustees on Iy.J.12025 and were signed on their behalf by.. Eu9ene Lowrie Choir Ms Sapna Ajwani Treasurer The notes on pages 20 to 30 form part of these financial stoternents. Company number: 7645599 20 I￿rne lor ¢routtv•health statement of Cashflows for the year ended 31st March 2025 2025 2024 Note Cash flows from operoting actlviiles Cosh generoted from operations 18 {23,486) 112,466 Net cash provided by operating activities (23.486) 112.468 Co$h flow$ from investing activilifjs Purchose ol property, plant und equipment Net Investment income received (151,430) 6,740 5,297 Not cash provided by investing activities {144,690) 4,252 Change in cosh and cash equivalents during the year {168,176) 117,763 Cash ond co5h equivolents at the beginning of the yeor 317,333 199,570 Cash and Cash equlvalents at the end ol the year 149,157 317,333 l April 2024 Cash Flows 31 March 2025 Cash 317.333 317.333 (149,157) (149.157) 149,157 149.157 Total The notes on poges 20 to 30 form port ol these financial 5totements. 21 •4￿Me10r ciootlve hgallh Notes to the financial statements for the year ended 31$1 March 2025 Aecountlng Po15cies Basis of Accounling The linonciol statèments have been prepared under the historicol cost convention ond In accordancg with Accounting and Reporting by Charities.. Stotement of Recommended Proctice applicable to charities preparing their accounts in accordonce with the Financial Reporting Standord opplicable in the UK and Republic ol Ireland (FRS 102) including updote bulletin 2, the Financiol Reporting Standord applicablg in th8 United Kingdom ond Republic ol Ireland {FRS 102), and Ihe Companies Act 2006. St Margaret's House meets the D6finition ol a public benefit under FRS 102. The functional currency of these statement5 15 sterling. Amounts are round8d to the neorest pound. Golng Concern The trustees hav8 assessgd whether the use of the going concern basi5 is appropriate in preporing the$8 linan¢iol slot8ments and have considered possible events or conditions thai moy cast doubt on th8 obiliiy ol the charity to continue os a going concern. The trustees have mode the assessment lor a period of at least one year from the date ol opproval ol the financial slotements. The charity therefore continues to odopt the going ¢oftc8rn basis in preporing its financial Statements. Income All income is included in the stutam8nt ol finoncial octivitiès whon the charity is entitled to. virtuolly certoin to feceN8 and rhe amount can be quantified with reasonoble accuro¢y. Grants ore recognised on a receivable bosis where ther8 is reasonable expectation on entitlement. Invesiment Income is included on o rèceivable basis. Rents ond Room Hira are on o recewable basis. Ir)come Irom trading octivities are included when goods are sold. Expgndlturo Exp&nditure is included in the Statement of Finonclol Activities on an ac¢rnJol basis inclusiv& of irrecovgrable VAT. Choiitobls octivities include exp&ndilure associoted with the main objectives of the charity ond include both direct ond support costs r8loting to rhese act¢vit18S. Employ9• Benelits The cost of Èhort-term empbyee banelits ore recognised as o liobiliiy and expenses. The cost ol unused holiday entttlement is recognised in the period in which the employees, services are received. P?nsions P6nsion costs chorged to the Statement of Finonciol Activities (SOFA) represent the contribution payable by the charity during the yoor,. the charity has a stokgholdèr scheme. Tha charity hos no liobility under the scheme othér than the payment ol contributions. 22 for er•(rtlve heath Notes to the financial statements for the year ended 31st March 2025 (continued) A¢eountlng Policie$ (¢onilnuod) Taxation Th& chorty is a registered charity and therefore not lioble IOT Income or Corporation Tox on incomo derived from its choritoble octivities. Thè Chority is registered lor Corporation Tax due on actlwty of the Community Café. Opeiotlng Looses Rerntols poyabla under operoting leoses, where substantiolly oll the risks and rewards of ownership rèmoin with the lessor, are chorggd to the statemer)t ol linoncial activities in the year in which they fall due. Fixed Asset$ Freehold properties are sloted ot cost and not depr?¢ioted. The members QTS ol the opinion that the residuol value ol the building is in excess ol the corry volue ol this osset ond therefore depreciation is not appropriate. Impoirment reviews are Corried out on an onnuol basis on assets whose useful economic lives are expected to 8Kce8d 50 years irb accordance with Financiol Reporting Stondard 102. othei Fixed assets over £1,500 are copitolised ond wltten off in the year. Depreciation is calculated to wrf(e off assets over their useful lives. other fixed ossets ore stoted at cost less a¢¢umulat8d depreciation.. Fixtures & fittin9s - 3 yeors Office Equipment- 2 years Invgstm•nts Investments arts shown at their market volu8. Realised ond unrealisgd 9ains are shown within the Stotement ol Financial Activities. Cash and ca¥h 4ulvalents Cosh ond cash equivalents inrludè cosh in hand, deposits held ot coll with bonks. other short term liquid investments with original maturities of three months or less, ond bonk overdrolts. Bank overdrolt5 ore shown within borrowings in current liobilities. Debtors Debtors ore recogr)Ised initiolly at lair volue. A provision for impairment ol trade debtors is established where there ￿$ objective evidence that th& chority will nol be able to collect all amounts due. Any losses arising from impairment will b& roco9nised in the SOFA. rodlt•rs Short term creditors ore measured ot the tronsaction price and ore recognised where there is a present obligation resulting from o post èvent that will probably result in the tronsfer of funds to o third porty. Financial instruments The company has elecied to opply the provisions ol Section 11 'Basic Financial Instruments. and Section 12 'Other Finonciol Instruments Issues ol FRS102 to all its financial instruments_ 23 #*.*-. 1￿me lor¢t￿tI￿ heolth Notes to the financial statements for the year ended 31st March 2025 (continued) Accounilng Poll¢lo8 (contlnued) Basic linancial as8el8 Bosic finuncial ossets, which include trode and other receivables and cosh ond bank balonc8s, o¥e initially measured at the amount receivable ond subsequ$ntly odjusted lor any impairment or other chongg in Considerotion expected to be received on settlement. Boslc flnunclul Ilobilities Basie flnoncial liobilities, including trade ond other creditors, bank loans, loons from lellow group companies. ore initially measured at the amount poyable and subsequentty odjustsd for ony chonges in consideration expected to be poid on settlement Fund# Restricted Funds are subject to donor-imposed conditlons. Unrostricted funds arè ovoilable tor use at the discrètion of the Trustee5 in furtherance ol the gpng101 objectives ol the charity. Designated Funds are reserves for a particular purpose with expectations that thes8 will be transferred to general reserves to match relevant expenditure in thè income and expgnditure occount. Estirnates and Judg•ments In preparing linanciol stotèm8nts it is necessary to make certain judgemonts, estimotes and assumptions thot ollect Ihe amounts recognised in the linanciol statements. The tru$tè&s consider that only signilicont judgement and e5timotes used relates to the valuatlon of the freehold property. An independent prolassional valuation took ploc8 Ot the date of transition to FRS 102 and the deem8d cost mod61 hos been odopted. The trustees consider this valuation remoins appropriaie bosed on ovailabl8 market dato ond the onnual impairment review. l Donations and1ggacie$ 2025 2024 Gronts - Restricted Grants - Llnrestricted Donotions 106,174 Iso,000 6,701 262,875 185,823 150,000 929 336,752 3. Investment income 2025 2024 Investment income 15,750 15.750 13,436 13,436 24 ome lor ¢rodtlveh8alth Notes to the financlal statements for the year ended 31$1 March 2025 (continued) Income from Churltable AGtivities 2026 2024 Community Café Rents R(x)m Hire Chority Shop Aits & Wellbeing Fees other IncomelRechorges 410,953 395.706 59,957 60,590 44,133 14,068 98S.407 430,711 408,778 49,741 63,526 39,295 15.321 1.007,372 6. Anuly$Ss of Expenditure on Charhable A¢tlvlll•$ Comn)unity Caté Premlses Facilltie5 Shop Arts and W•llbeing 2025 Direct costs Stoff related costs Office cost5 Support Costr. Staff rèlot8d costs Premises costs Centrol s6rvices m￿rket￿n9 l AR Audit l Tax fees Depre¢iation Total Expendlture 2026 178,768 274,371 6,201 3.454 65.371 18.603 162288 151,176 3,100 344,510 639,867 31,004 148.949 3,100 7,376 157,951 1,597 882 7.601 1,597 408 735 3008 23,018 9,585 2,858 6,611 11,277 192,947 15.974 4,082 14.692 54.189 1.308,542 4,377 3,195 816 3,673 3,673 54,189 376,835 472.412 98.651 360.644 Of the totol expenditure £1,308,542 (2024= £1.270.1741, omounts totalling £88,198 (2024: £157,575) were ottributable to restricted lund& Comporativg Inftsmiation: Anlllysls of Expendltur¢ on Charltubl• Activltles Comnyjnity Caté Premise5 Facilitips Shop Artsand Wellbelng 2024 Dire¢t costs stofl reloted costs Ollice costs 203,002 283,760 3,885 Z452 50,941 1,943 193,882 175,595 11,736 399,336 598.810 19,507 88,514 1,943 Support Costr. Stoll rèlated costs Premisès costs Central services Marketing l AR Audit l Tax fees Depreciation Buildin roject legs Total Ex gndlture 2024 965 2090 188,674 1.015 173 6,086 1,015 419 679 1,225 18,206 6,088 2931 6,113 4,453 213.590 10.147 4.188 13,584 2.740 3.819 .270.174 624 2,029 838 3,396 972 3,396 1,767 1,575 288,974 499 499,971 249 63.957 1,496 417,272 25 -X&. 1￿MefOr ereatlve hoglth li Notes to the financial statements for the year ended 31" March 2025 (continued) Net income l (expenditure) lortho Is statsd aftgrcharging: 202S 2024 Depreciotion Cost ot stock 54.189 203.002 1740 203,002 Auditors remuneration.. Audit Fees - current year Non-Audit Services - ¢urrent yeor iiooo 1,584 Izooo 1,584 Staff C•¥ts 202F 2024 Woges and Solaries Social Security Costs Pension Costs other Staff Costs 58D,298 44,282 15,285 11,278 651,143 539,650 44,985 14,175 4,453 603,263 sialf costs obove hove boen allocated to charitoble e¥penditur8 as shown below.. Choritoble activities Support costs 2025 2024 639,865 11,278 598,810 4,453 stoff Numbers 2025 2024 Average number of employees 25 24 No empkjyee earned in excess of £60.000 in the yeor. The key management personnel in the year comprSsed thg trustees, chief executbva officer, deputy chief exe¢uliv& officer and certain department monag8r& Totol remuneration paid to key monagement peisonnel during the year was £196,251 (2024= £201,040), including pgnsion contributions of £5,176 (2024". £5,049}. No trustee received payment for prolèsslonol or other s9rvices supplièd to tho charity (2024: None). Trusteès are not remuneroted but ore reimbursed for travel ond subsistence expenses incurrèd through oitendonce ol m8etings. Reimbufsement of trovel expenses to trustees In 2025 was £Nil (2024.. £Nil). 8. Taxutlon The charitable company hos o liability to corporation tox on its charitable trading activities. The tax choige can be anolysed as follows.. 2025 2024 Current Tux¢Jtion Adjustments in respect of prior year Deferred tOKOtion 26 kngforereotFvg hgalth Notes to the financlal statements for the year ended 31#t March 2025 (Continued) 9. Tungible Fixed A8B•I$ Frgehold Land & Bullding$ Flxtur8s& fittings Equipment Total Cost As ot l April 2024 Aclditions As qt 31 March 2025 6,065,000 14,054 8.220 151,430 159.650 6,087,274 151,430 6,238.704 6,065,000 14.054 Depreclailon AS Ot l April 2024 Depreciation ehorge A$ ot 31 March 2025 14,054 7,247 54,189 61,436 21,301 54,189 76.490 14,054 Not Bookvalue A¥at31 March 2026 As at 31 March 2024 8.085,1)00 6,065.000 98,214 973 6,163,214 6,065,973 A professionol voluation ol the Irsahold land ond buildings, prepared by Farebrother Chartered Surveyors was obtair)ed as ot l April 2014 voluing the property portfolio ot o volue in use of £6.065,000 which wos considered to be the deemed cost upon adoption ol FRS102 oc¢ounting framework for periods Commencing on l April 2016. In the opinion ol the Trustees the market volu& at 31$1 March 2025 is not materiolly diff erent ond there hos been no evidence ol ony impairmenL 10. Inveslmenls 2025 2024 Morket volue ol investments ot l April 2024 Acquisitions at cost Disposols at morket v(Jlug Change in morket value in the year Market value ol Inv•stment5 at 31 Morch 2025 515.568 224,028 (228,302) 2,198 S13,492 479.462 242,429 (238,111) 31,788 515.568 Cash held by investment monagers lor rg- invesrment Balancoat 31 Morch 2025 21,948 11,744 535.440 527,312 Hl$torf¢al cost S19.768 504.318 Investments comprise the following.. Equities (Listed) 513,492 515,568 11. Debtors 2025 2024 Trode debtors other debtorslprepoyments 7.428 3,481 18.D97 21.578 2,613 10,041 27 home tor ¢rwtlv• h•ulth li Notes to the financSal statements for the year ended 31st March 2025 (¢ontlnued) 12. Creditors: amounts falling due wllhln oneyear 2025 2024 Trade creditors other crgditors Toxotion / sociol sècurity costs Accruals & deferred income 16,120 6,080 21,680 25,040 68,920 2,274 6,082 32,862 52,654 93,872 13. Reconciliation and anqlysis of movemenl on funds forthe year Bolanee at l•t April 2024 Gains {lo$ses) Balance at 31" Tmn8fvr8 Murch 2025 Ineome Expendlture Unrestricted Funds 6.435,472 319,230 83,73g 6.838,442 1,157,858 (1.227,541} 2,198 75,803 6.443.790 319.230 25.912 6.788.932 DesignateLI Funds Restricted Funds 106,174 1,264,032 (88.198) (1,315.739) (75.803) Total Funds 1198 Rgslrlctgd Funds City Bridge Fdn Sport ErrfJlond London Marothon 11.135 7,070 1,281 5,752 Clarion Futures 4,084 LB Tower Hamlets - 775 HolKlay Activities Veolia Env Trust 45.290 6,000 (41,893) (13,070) (1281) (10,788) (4,584) (4,467) 14.532 Childrèn in Need 11579 500 6.543 6,529 1837 38.642 22,746 4.530 zooo zooo (61.388) Action for Bow (4,530) Chcpmon LB Tower FkJml8ts - ELPS Poors Land 15,000 R08trlct•d 83.739 (zooo) 5,000 106,174 (5,58s) (88.198) (14,41s) (75.803) Total Fund$ 25,912 Unrestrlcted funds irKlude £1198 rebtln9 to unreallsed galns on inv8stm8nt$ (2024: £31,788 gains). De•lgnat•d Fund¥ st Margareys House ha8 a designat&d funds totalling £319K (2024= £319K) to help financg th8 building of on Arts and Wellbelng Centre which is on hold ond will rthv be vsed to updata the fabric of the current buildinglinvest in $￿temS p8nding professionol advice. 28 al￿me lor creativ• hea￿ Notes to the financial statements forthe year ended 31*1 March 2025 (continued) 13. RKonclllqtlon and onaty$l$ ol movom•nton funds torthe year (continupd) Ro*tr1¢t￿ Fund• chy Brldg0 TN•tlFoundatlon - fundlt)g In support ol Ghyama Arts, Disabilty Arts project providing weekly theatre, fil￿ circus and cros$-ortS S8ssion5 leading to publlc celebrotions. Project contlnues. Sport Englqnd- funding for oxarclse programmes for l¢xal groups in Towar Hamlets. Flrst project complete and new project with new funding started. Londt)n Mavathon FwKI- funding for Circus skllls and engagin9 inactive Londoners. Prolgct complete. BBC Chlldr•n In Need- lunding loi our HSlarlty programme. Project continue& Clarfon Futur•s- fvnding for Tram$hed Tuesdays. Project continues. lond<￿ Borough ￿ T¢)w•r Haml•ts - fundlng for rogular holf term and Eastar holiday aCt￿ltIeS lor local children. Projg¢t continuos. V•olla Envlronm•ntal Trust - fundlng for the gard9n rgdevelopmenL The monay has b8en spent in the period on items treatod as fix8d assets in the financi¢l statements. As such the restriction has been met and translerred to the unrestrlcted fund where future depieciation charges will be allocated. A¢tlontorBow- funding for Explora Outdoors progromm8 Chapman- fundlng for Woothork for Wellbelng London Borough ot Tower HaMl•ts - fundlry for supporting the East London Pgnsioners group In the Tramsh8d. Poonland Charity- fundingforthè garden redevelopment The money has been spent In thè perlod on Items treated as fixed oss&ts In the financial statements. As such the restriction has been met and transferred to thfj UnreStr￿ted lund where future d8pr8ClOtion charges will be allocot8d. 29 1￿me for creutlvtr h•olth Note$ to the flnan¢lal statements for the yeav ended 31•t Mar¢h 2025 (continued) 13. Reeoneillatlon and analysis ol rnov?monton lunds lorlheyear (contlnuod) Comparatlve Inlormation: Anuly$l$ of movement In lundsfor th• y•ar ended 31 March 2024 Balunee at ist April 2023 Gains (losses) Bolonce at 31st Transf•rs March 2024 Ineome Expenditur• Unrestricted Funds 6,360,257 319,230 46,488 6,725,975 1.171.737 (1,119,307) 36,040 (9,0041 6.435.4n 319.230 83.739 6.838,442 Designated Funds Restricted Furhds 185,823 1.357,560 (157,575) (1,270.174) 9,004 Total Funds 36.040 R•strict•d Funds City Bridge Fdn NL Heritage Fund Post Code Society Social Prescrlblro Sport England Fdn for Future Ldn 7.238 45,410 29,301 (44.018} (29,301) (1,588) (4,013) (10,870) (18,000) (30,570) (2,000) (6202) (916) 2,505 11.136 1,588 4,C)13 3,800 15.000 14.851 14,140 3.000 17.000 zooo 11,955 5.000 775 7.070 London Morothon 1.281 Qu8on Adelaide's Chiklren in Need 6.753 4,084 775 Clarion Futures IB Tower Hamlets Poofs Lond Charity Veolia Env Trust 15,000 42,242 186.823 15.000 38.642 83.740 (10.099) (157,575) 6,499 9,004 Total Fund$ R••trlct•d 46,488 Unrestrfcted funds Ir￿lude £31,788 relotlng to unrealised goins on Invfrstmgnts (2023- £2L430 losses). D•slgnoted Fund* st Margar8Ys Hous8 has a designated lunds totalling £319K (2023: £319K) to help finonce the building of an Arts and Wellbeing Centr& which is on hold and will now be used to update the fabric ol the currant buikJing1invgst in systems pending profes$K*nal advice. R•gtrfct•d Funds Clty Brldg• TruAtIFoundation - funding in Support of Ghyama Arts. Disobllity Arts project providlng we8kly theatre, fllrn, circus and cro88-arts sesslons leading to publlc celebrotions. Project continues Nqlhn41 Lottery Herltag• Fund- funding in support ot our M8ndozo PrO￿t workin9 in the local community to celebrote boxer Daniel Mendoza through research, talk$, theatrg pgrformance and 111m. Project Complete. Po•t Code S¢•¢lety Tru81- funding for the Oxpbration of th8 outdoors through art and wgllb8ing $g$sions. Project complete. Soclal PrM¢rlblng- funding for a men's Pre￿rIblng research project Project complete. 30 vhome tor ¢ro(7tiv• heulth Notes to the linancial statements for the yearended 31" March 2025 (continued) Sport England - funding for exercise programmes for I(￿1 groups in Tower Hamlets. First project complete and new project wth new funding started. Foundailon lor Fulur• london - funding for 16-18 year olde on placement wkh St Margaret's Housè. Project complete. London Marathon Fund- funding for clrcus skllls ond gngogir)g Ina¢tivo Londoners. Project Complete. Qu￿n Ad•lqld•'* Charlty - funding for Easter holidoy oetivltles for local children. Project complete. BBC Chlldrnn In N•ed- funding foi our Hilarty programme. Project continues. Clarlon Futur••- funding for framshed Tuesday$. Project continu8& Lgndon Borough ol Towor Haml•t8 - funding for iegular half term and Easter holiday activiti8s lor locol chlldren. Project contlnues. Voolla Envlronmontal TnMt- funding for th& garden redevelopment. Project continues. 14. Analysis ol lotol net assets between lund$ Totol Funds at 31 Mar¢h202S Vnio$trletod lund$ Reslrict8d funds Fixèd Assets Current Assets Current Liabilities 6,698.654 133,286 (68.920) 6,763.020 6.698.654 159.198 (68,920) 6,788,932 25,912 25.912 Total Funds ai 31 Ma￿h 2024 Unrostricted funds Reslrlcted funds Fixed Assets Current Assets Current Liobiliries 6,593,285 255,289 (93,872) 6.7S4.702 6,593.285 339,028 {93,872) 6,838,441 83.n9 83,739 15. Reloled party transaelions The Chief Executive occvpies one of the Charity's propgrties, 19 Old Ford Road, in the copacity ol car&taker and pays rent of £4,411 per annum {2024'. £4.069). All rents are charged ot an arm's longth basis and there orè no amounts due at the yeor end. 16. Company Llmlted byguaronl?a The Company is limited by guoronte& and doés not have a shore capital. In the event ol the company being wound up thé maximum omount which each member is liable to contiibute is £1. At 31 Morch 2025 there wère 10 members. 31 I￿rn• tor¢ffjatlvè health Notes to the financlal statements lor the year ended 31st March 2025 (continued) 17. Operating Leases 2025 2024 ottlcè EqulpmÈnt Less thon l year Within 1-5 yeors 1,809 463 2,272 1.809 2,272 4.081 18. Cu$h us•d In operating activill•$ 2025 2024 Ngt movgm•nt in lunds (49.509) 112466 Add bock d&preciotion Add back revoluotion (gain)110sS Add Investment manager fees included within investments Less Interest received (increase) l Decrèose in debtor5 (Decr￿Se) I Increose in creditors 54,189 (z198) 7,197 (15,7501 11,537 128,952) (23.486) Z740 (31,788) 6,708 {13,436) 22,527 16,187 115.404 32