OCEAN.""
REGENERATION TRUST
creAtiMg ome o(ertM
Ocean Regeneration Trust
Trustees. report and financial statements
For the year ended 28 May 2021
Charity Registration No: 1151871
Company Registratlon No: 06604161 (England and Wales)

OCEAN REGENERATION TRUST
Informatior5
Director5
Abdul Wahid Ali
Sean Baine
Cllr Dipa Das
Charlotte Gibbon5 (resigned I l March 2021)
Abdi Has5an (resigned I l March 2021 >
Cllr james King
Eric Sorensen (resigned 16 June 2021)
Eddie Stride
Michael Tyrrell
lan Watkins {Resigned 14 April 2021)
Sakhawat Hus5ain (appointed I l March 2021)
Company Secretary
Michèle Bailleux
Charity number
151871
Company number
06604161
Registered office
Harford Street Multicentre
115 Harford Street
London
EI 4FG
Bankers
The Co-operative Bank
POB 250
Delf House
south￿aY
Skelmersdale
WN86
Solicirors
Russell-cooke Solicitors
2 Putney Hill
London
SW156AB
Accountant and
Independeni Examiner
John Wheeler
Chartered Accountant
24 Dukes Wood Avenue
Gerr2rds Cross
Buckinghamshire
SL9 7JT
Ocean Regeneration Trust
Annual Reports aThd finar￿￿ Statwnent5 Ye3r Ended 28 May 2021

OCEAN REGENERATION TRUST
Contents
Page number
Trustees. Report
Independent Examiner'5 Report
10
Statement of Financial Activities
Balance Sheet
13
Notes to the Financial Sutements
14
Ocean Regeneraibtin Trusi
Annual Report3 and Fl[Linc￿ Statements Year Ended 28 May 2021

OCEAN REGENERATION TRUST
Trustees. Report for year ended 28 May 2021
The Trustees are pleased to present their annual report wgether with the financial sotements
for the Charity for the year ended 28 May 2021 which are also prepared to meet the
requiremenr5 for the Directors. report and accounts for Companies Att purposes. The
administratyve infom)aEion set out on page I forn15 part of thi5 reporL
The financial staternents comply with the Charities Att 201 l. the Companies Aci 2006. the
Memornndum and Article5 of Association. and Accounting and Reporting by Charitie5-
Sracemeni of Recommended Pracuce (SORP) applicable to charities preparing their
acco*Jntants in accordance with the Financial Reporring Standard applicable in the UK and
Republic of Ireland (FRS 102) (effertive l January 2019}.
Public Benefit
We have referred to the Charity Commission's Public Benefit guidance when reviewing our
aims and objectives and in planning our acuviues. In parcicular. the Trustees have considered
how Ihe p5anned activities of the organi5auon will contribute to the aims and objectives that
have been set for the Chariry.
Objects of the Charity
The Ocean Regeneration Trust (ORT) ensures thai all activities undertaken meet the objects
of the Charity as set out in the Memorandum and Articles of Association which were adopted
on 5 April 2013 and amended on 20 December 2017. These are to develop the capacity and
skills of the members of socially and disadvantaged communities in such a way ihat they are
better able to iden£ify and help meet their needs and to participate more fully in society, in
particular (but not limiied 10) in the area of the Ocean Est2te in the London Borough of
Tower Hamlets.
Our aim is to support residents living on the Ocean Esote by brins4ng together local people
and organrsations to address local community needs and to increase the number of people in
the area who actively conuibute to making the neighbourhood a cohesive, vibrant communiry.
We do this by.
Promoting the well-being of local residents:
Providing culturally sensi£ive and appropriate provision that meets the needs and
Prioriues of all local residents:
Fostering social inclusion:
Encouraging participauon in the life of the neighbourhood and building a Stronger
sense of local idenrity-
Promoting the provision of accessible social. recreational. educauonal. healih and
cultural facilities within the neighbourhood.
Structure
The Ocean Regenerauon Trust is a company limited by guardntee and a registered charity.
Board members are Directors for the purposes of company law and Trustees for the purposes
of charity law.
Ocean Regenerauon Trust
Annu￿ Reports and finan¢d Statements Year Ended 28 May 2021

The Board is responsible for the overall governance of the organisarton and members have a
re5ponsibiliry for ensuring ORT fijlfills its objettives and helps 10 se¢ the ethos and culture of
the organisation. The Board de￿rn)ineS the staffing structure and is responsible for the
oversight of personnel policie% equal opportunities and health and safery.
The Board meets at least four times a year and continue5 to explore opportunirie5 to
strengthen the membership and ensure the wides¢ mix of ski115 and experience possible in
order to deltver good governance and strong leadership. Each Trustee has agreed to
contributs any amouni not exceeding £ l in the eveni of the Charity being wound up.
The procedure governing the appointment and recruitmeni of Trustees is laid down in the
Memorandum and Articles of Association. The Board comprises 2 minimum of four and a
Maximum of16 Trustres drawn frorn two main sources= communiry representatives living in
the area of benefit and experrs with spectalist local knowledge. The current Board includes
members with a broad rnnge of experiènce, including education. heaithcar< housing, local
government and regeneration, as well as experience of other not-for-profit organisations.
There is a diversity of gender and ethnic background5 on the Board.
All Truscees give their time voluntarily and do not receive any remuneravon. payment or
benefits from the charity.
Induction of new Trustee5
Most Trustees are tamiliar with the day-to-day work of the Trust prior to being appointed.
New Trustees are briefed on their responsibilityes and the Memorandum and Articles of
Association and the current Business Plan and are gtven an overriew of recent financial
perfornixnce. The Trust's constituuon. financial and operational framework as well as Board
members. roles and responsibiliues are also eXpl￿ned. External trrining opportunities are
provided a5 appropriate.
Risk Management
The Trustees have a duty to identyfy and review the risks to which the Trust is exposed and
ensure appropriate conrrols are in place ￿ provide rea50nknle assurdnce againsr fraud and
error. We continue to asse55. review. monitor and plan for all rtsks which the organisation
may face, now or in the fuwre. Our risk management strntegy comprises a risk register of all
aspects of the organisation artd its activitie5. oudining possible risks which may occur.
procedure5 Eo mitigation the risks idenufied and regular reassessment both of the risks alrea
outlined on the register and of potenual new risks. This process rnises awareness of risk and
assists the development of robuK ¢ontingency plans.
Covid-19
The Covid_19 global pandemic had a profound impact on many small Communiry and
Voluntary organisauons, noi least ORT. The forced temporary c105ure of the Harford Street
Multicenire meant thai projett delivery adapted and pivoted to online services and many of
the small businesses in Ben Jon50n Road underscored the financiai fragiliry and resulied in LB
Tower Hamlets being unable to pay Ehe promised granL% a550ciated with these shops. Thi5
meant difficult decisions had to be taken to reduce stafftng costs and the Trust's plans to take a
three-yexr lease on the Harford Communiry Centre had to be abandoned. necessitating a Staff
reduction.. The Coronavirus Job Retention Scheme meant that employees were furloughed,
while the Trustees considered OPtions to ensure the chariry would continue as a going
concern when restrittions ended.
Ocean Regeneration Trust
knnU￿ Reports and Financ￿ Ststements Y&Y Ended 28 May 2021

Reserves policy
ORT 15 committed to using its resources in pursuit of its charioble activities. It is a150
committed to maintaining a level of reserve5 thai is prudent to Me￿ the Trust'5 on-going
liabilities. The Board has exarnined the Chariry's requirements for reserves as part of the
orsanisational risk assessment and has established a policy whereby unrestricced funds. not
Committed or inves￿d in fixed assets held by the TrusL should be retained to cover three to
six months. expenditure for the organisation's staffing and adminisrrative overheads and to
effectively meet all its financial and contractual obligations. including redundancy calculations
for the current staff team. final audit costs. reni and lease commiunents. This policy is regularly
reviewed by the Trusrees to ensure that it contynues w be appropriate and sufficient
Activities Report
The Ocean Regeneration Trust is focused on the SOCI￿ and economic regeneration of the
Ocean Estate. The Trust has been created to hold assets and receive income generdced by the
Ocean Regeneration Scheme for the benefi£ of the local communiry. Income from the new
shops built during the redevelopment will provide the core funding to sustain the organisation
over the longer term. In April 2021. the Council confirnied that the promised financial support
authorised by their Grants Deiermination Sub-committee in January 2019 would not be
forthcoming. This meanr it wa5 no longer feasible to continue negotiauons to take a three year
lease for the Harford Communtty Centre. It also meant that ORTS only confirmed income for
the 2020121 financial year and thereafter is the ground rent5 from the Ocean Regeneration
Scheme new build leasehold properties. Council grnnts of £342k to support the Trust's core
communiry progrdmme over the three years of the Harford Community Centre lease are no
longer available. To secure the long ￿rni financial srability of ORT the Trustees agreed that
acEiOn musc be raken to redLtce ctsst5 and review how the organisauon is struttured. As a first
scep. the Board proposed that the staff team should be streamlined.
Stepney Lrfe Centre
Since 2015 ORT has wtsrked in par￿ershiP with Ciry Gaieway at the Strpney Lrfe Centre. to
support women aged 18+ acr0$5 East London through our dedicated Women's programme,
supporting them to learn English. gain independence, grow in confidence, access ernploymeno
and develop skills in a supportive community en¥ironmenL During this time. we have seen
women from 18 co 81 years of age flourish and thrive.
We have also offered supp)rt to their tamilies. eqtsipping them with the parenting skills and
Confidence Lhey Deed co give their children a bright future.
We are hugely proud of the support we have been able to ￿Ve to women and families from a
wide range of culture5 and background. Last year Ciry Gateway's Women's Programmes
welcomed over 400 learners from 14 different ethnicities. Our youngest learner wa5 19 and
our oldest 81.
Welfare Benefft Advice ond Guldance
ORT has continued to supporc drop-in welfare and other advice services for the local
communiry a£ the Harford Street Mul(icentre. delivered by Limehouse Project (LHP).
LHP offers confidential and impartial one-to-one advice. infom)auon and guidance from experL
trained advisors in English. Bengali and Somali. The rnnge of social welfare issues they can help
with include individual benefit as5e55menrs. welfare benefirs. housing benefii and council tax,
debt advice. financial inclusion. better off calculations. domestic violence referrdls. education
and vocational training and the European Union SeuJemen£ Scheme.
Ocean Regenerdtion Trusi
Ann￿ Repc*ts and Rn*n¢iil Staternents Year Ended 28 May 2021

In the face of the Covid-19 pandemic.- LHP'S monitoring data highlighted that families were hit
hardest with financial difficulties, mainly due to low income and the loss of jobs. The Advice
Service at LHP worked hard throughout the lockdown and responded to the service users by
replacing our face to face and drop in service with telephone and virtual supporL
A lack of digitai skills and understanding of processes as services trnnsferred online had made
the most marginalised residents increasingly more vulnernb5e. There was an increase in the
volume of calls to our ￿lePhone help line and an inCr&￿e in referr215 from partner
organisations for supporL
ORT provided exrrd SUPPOrt for Ocean residents by funding a specialisi Universal Credit
caseworker. The caseworker helped with new claims and hardship paymenty Uniyersal Credit
calculations and missing paymenr5. benefit (aps and reduced awards of benefi¢ digital support
managing claim5, the UC 50 health quescionnair< and housing cosr disputes and discretionary
housing payments. This xdvice became intr&￿Ing[Y imporrant as C1￿m5 for Universal Credit
reach unprecedented levels.
Community Grants
A reduction in income meant Ihe 2020121 community programme was limited to supporting
Ocean women's participation in s￿pneY Life Centre programmes, Lime house Projett
{£7,500) to provide Universal Credii advice 10 Ocean residents affected by the Coronavirus
pandemic and to Half Moon Theatre (£16t)O) to coniinue to deliver after-school drama
sessions for young people at risk of disengagemenc It was not Possible to offer the community
grants to organisations and communiry groups providing services and activities for Ihe Ocean
community. This contrxsts with our 2019120 progrnmme. included in the annual repoo when
we awarded grants of £156.705 to 22 projecc&
Half Moon Young People's Theatre
ORT funded Half Moon Young People s Theatre initialty to run after-school drama 5e55ion5 a5
there was a lack of creauve opportunities avBilable for yotjng people to atces5 in the are& This
programme ha5 SUPPOrted young people through long tem) intervention, enknling young
people to build friendships. confidence and communication sknlls through exploring drama and
creauve pracuce.
Half Moon delivered 10 in-person sessions. 5 sessions took place at the Harford Street
mulucentre. and S were delivered ar Half Moon Theatre. All sessions ￿nVolVed practical
physically distanced activities. taking the regularly updated NYA and government guidance inco
considerauon.
The decision ro conunue delivering sessions in-person was due to the guidance around working
with young people considered as vulnerable. 80% of parucipants were iniiially referred Via their
school or external agency. identified as those who would benefit from youth acuyity in an out
of school setcing. Reason5 for referral include those deerned at risk of disengagement for
example. Ic is vid that we continue to offer strucwred. targeted activiry for these vulnerable
young people.
Outcomes..
l. Provide After School Drdma $ession5 for 15 young people
2. Improve the confidence of parcicipating young people.
3. Improve the communication skills
Ocean Regeneration Trust
Annu￿ Reports and Financi￿ Ststements Year Ended 28 May 2021

The participants were offered structured opporEunities in a safe space to work together as part
of a team. The sknlls explored promote independent thinking and empower young people to
think. feel. share. take par¢ and evaluate their ideas in a fun arld creative ￿dy.
The projecr was delivered by three Half Moon Theatre prLcutioTrers, a Le2d and Support
Tutor along with an acce$5 worker. The access worker enabled a parricipant to benefjt from
1..2..1 support during the sessions. For the first five week5. the group aiso worked alongside a
placement Student Irom The Rordl Central School of Speech and Dram
Promoting o healthy and 5uPPortive communlty
ORT continued to support three vital projects aimed at promoung wellbeing and combating
isolation.
Harford 50+ Coffee Mornlnr.
A weekly coffee morning continued to ntn in parmership with the Harford Health Centre.
Link Age Plus and the Tower ProjecL'S Ocean View C2fé. primarily aimed at people over the
age of 50 living loc￿lY but anyone living in Tower Hamlers is welcome to attend. The sessions
are informal, relaxed. warm and friendly and offer parricipants the opportunity to meet new
friends and join in other social acuviiiès. During lockdown, ORT maintained regular contact
wi£h the Harford coffee morning parricipants via telephone. in order to combat loneliness and
isolation.
women￿Onty Pilates class:
ORT in collaboration with the Ocean Tenants and Leaseholders Assocration {OTLA) runs a
women-only Pilates class. The weekly class 15 led by a qualified insrTUCtor and is aimed at
women who are returning to exercise after time away or who may Simply want a gender class.
Women who attend regularty have reported health benefiL£ including improved flexibility,
increased muscle srrength and tone. fewer aches and pains. more energy and greater resilience
to stress. During lockdown the Pilates c12SS Pivoted to online delivery and a5 a result we were
able to engage not only Mothers bLtt also engage with their children. The lockdown had
affected the whole family artd the response very positive with good attendance at the
weekly ses5tons.
Ocean Walkers:
A walking group is open to everyone living and working on the Ocean Estate run in
parcnership with Harford He￿th Cencre. the Green Light Pharmacy and Walk East CIC. The
weekly sessions were led by a qualified vrdlk leader and provide an opportunity for parricipants
to meet new people. socialise and explore the area while rhey strengthen their hearL lower
their blood Sugdr. ease joint pain. boosi their immune system, improve their mood and burn
calories. Some of the participants have trained as walk leaders and now volunteer to lead
walk5 themselves. During lockdowns. the walk was put on hold and as an alternative some of
the walkers were invited to join the online Pilates class to keep them engaged and motivated.
Ocean Ertate Bursary Scheme
The Ocean Bursary Scheme uses funding secured through an S.106 contribution from the 438-
490 Mile End Road (Scape East) sEudent accommodauon development to help Ocean residents
achieve their Potenti￿ through higher education.
OceaTh Regeneration Trust
A￿ntI￿ Reports and Fiftanci￿ Stat*nen¢s Year Ended 28 May 2021

Grants of up to £3.Crf)O were ardilable to Ocean residenrs who were staning higher education
or studying for a postgrdduate qualification. Prioriry was &ven to students studying at Queen
Mary Universicy of London (QMUL) and an account was taken of the circumstances of each
candidare. giving special consideration to those less able to afford higher education.
Tower Hamlets and Canary Wharf Trust administer the scheme and xward and monitor
payments and ORT leads on publici5ing the scheme locally xnd finding Suitable candidates. Nine
bursaries were awarded in 2020-2021
Planning for the future
Purpose
In light of the impatt of Covid and exacerbated needs on the Ocean Estate alongside the
redU￿10n to the LB Tower H21nlets GranL the TrusLee Board wanted to be clear about their
purpose in order for this could be communicated to local re5idenrs and businesses. An
agreemeni was reached that the Ocean Regenerauon TrusE's role is to support other groups
and locxl residenr5 and there was no ambition at this present time ￿ be a frontline provider.
ORT was established co be a second tier organisation and remains committed co ensuring
there is no mission drifL The Trustees are responsible for the charity's vision and mission and
if the inrention is for ORT to change direcrion and deliver 5ervice5 directFy. then the scale of
anibition would be defined along with the types of services that will be the focus for
fundrdising.
Next Steps
The Board of Trustees agreed to convene during an Away Day and take an active role in the
planning and decisions of the Trust's strategic direcEion. financial modelling and recruitment
timeline for Ihe new Director. The 2021122 busine$5 plan will be prepared to reflect the
decisions taken at the Trustees. away day and any agreement reached with the Council. It
remains incumben£ on us to work together in order to attain the best ￿sUIts for the Ocean
Estaie and its residenrs. The srrengthening of networks arid sharing of expertise will be more
important than ever in the year5 ahead.
Trustees, responsibilities in relation to the financial statements
The TrusEees (who are also Directors of the Ocean Regeneration Trust for the purposes of
company lawl are responsible for preparing the TrLtsEees Report and financial statements Èn
accordance with applicable law and UK Accounting Standards.
Company law require5 the Trustees 10 prepare financial sr3tements for each year which gtve a
true and fair view of the Sta￿ of affairs of the charitable company and of the incoming
resources and applicaiion of resources. including the income and expenditure, of the charitable
company for that period. In preparing these financial statements the Trustees are required to..
select suirable 2ccounting policies and then ¥ply them Consis￿ndy-
observe the me£hod5 and principles in the Charities SORP..
make iudgements and estimates that are reasonable and prudenL
follow applicable accountiftg standards. subject to any material departures disclosed
and explained in the accounts-,
prepare Ihe financial sratements on the going concern basis unles5 it is inappropriate
to presume that the company will continue in operdtion.
Ocean Regenerdtyon Trust
Annual ReporL% and financ￿ Ststements Year Ended 28 May 2021

10
The Trustees are responsib￿ for maintaining proper accountirE records that disclose with
reasonable accuracy at any ume the financial position of the tharitable company and en3ble
them to ensure ttmt the acco￿ compty with the Companies Act 21))6. Try are also
responsible for safeguardiry the assets of the Charitab￿ company and hence for tsking
reasonable steps for the prevaition aThl det￿[lon of fi7ud and other irregulariries.
Approved by
2022 sigrd on its bthalf by
Ocean Rele￿￿titin T￿￿t xxx

Independent Examiner's Report to trustees of the Ocean Regeneration Trust
l report to the trustee5 on my examinalion of the accounls of the above charily ("the
Trust") for the year ended 28 May 2021, which are set out on pages 12 to 17.
Responsibilities and basis of the report
As the charily's twstees (and also the directors of the company for the purpose5 of
company law) you are responsible for the preparation of the accounts in accordance with
the requirements of the CoTnpanies Act ?006.
Hal'ing satisfied myself thai the charity is not subject to audit under company law and is
eligible for independenl examinatTon, I have examined your charity's accounts as required
under section 145 of the Charittes Aci 2011 ('the Acl.). In carying out my examinalion
J hav¢ followed the Directions gjven by the Charity Commission under section 145(5)(b)
of ihe 2011 Act.
My role is lo statc whether any material matters have come to my attcnlion giving mc
cause to believc..
l. that accounting records w¢rc not kept as required by section 386 of the
Companies Act 2006; or
2. that the accounts do not accord with those records- or
3. that the accounts do not comply with the accounting requirements of section 396
of the Companies Act 2006 and the methods and principles of the Charities
Statement of Recommended Practice applicable to charities preparing iheir
accounts in accordance with the Financial Reponing Standard applicable in the
UK and R¢public of Ireland" or
4. Ihat ihere is further inf0m￿tIOn needed for a proper understanding of the
accounts.
Independent examiner's ststement
I have completed my examination and I have no concern5 in respect of any of the matters
(l) to (4) listed above and in connection H'iih following the Directions of the Charity
Commission I have found no matters that require drawing to your attention.
f T
P J WHEELER
Chartered Accountant
24 Dukes Wood Avenue
Gerrards Cross
Buckinghamshire
February 2022
Ocean Regenerdtion Trust
ATrrb￿I Reports and Fir¥nc￿l Statemer4ts Year Ended 28 May 2021

12
Ocean Regeneration Trurt- Year Ended 28 May 2021
StatemeTrt of Financial ACU￿￿e$ {including Income and Expenditure Account)
Un￿trICted Resrricted
Funds
Funds
Total
2021
Toral
2020
Notes
Incoming Resources
Grants donations
Ground Rents
Other
80.LNXJ
117.949
4,354
118.682
11587
118,682
12.587
Total Incoming Resources
131,269
131.269 201303
Resources Expended
Salarie5 ana consJlTan(s' lees
Office running costs
Governance
Training and Recruitment
IT 2nd Website
In$urdncÈ
Subscripaon5
Depreciation
Projec
Granrs
Harford Community Centre
57.721
423
1152
132
1.849
413
300
366
87.994
57.721
423
2.152
132
1.849
413
77.769
794
1,102
706
1.435
323
384
489
96.406
60,298
25.475
366
87.994
15.073
15.073
Tot￿ Resources Expended
166.423
166.423
265,182
Net Incomsng (Outgoing) Resources for
the year
(35.1541
{35,154) (62.8791
Total Funds at 28 May 2021
136.304
136.304
199.183
Total Funds at 28 May 2021
101,150
101.150
136.304
TRUSTEES
No trustees received remuneration in either the curreni period or prior year. No trustees were
reimbursed expenses in either the current period or prtor year.
Ckean Regeneration Trust
Ann￿￿ Reports and Financial Stat￿ts Year Ended 28 May 2021

lthrrt• kn •• •[ ?• ￿ 2021
Tot*1
Tan*bl• lu
12
6.978
156.0%
.754
163m4
1672CiI
13
(6Jm3)
(3U61)
I￿.051
134J39
101.150
101.150
101.150
cs were apFYty•d

14
Ocean Regeneration Trust
Notes to the financial statsmenrs for the year ended 28 May 2021
Accounting policies
1.1 Basis of preparatio
The accounrs were prepared under the historic tost conventton.
The accounTS have been in actordance with rhe Statemenr of Recommended Prattice-
Accounting
and Reporring by Charitie$12015 SORP). applicable accounting standards and th¢ Companies Att
2006.
1.2 Grants receivable
Grants for which fvndsng levels have been agreed and for which fvnds have not been received at
the year eno. have beeN accrued for. AmounLS recer¥ed before the year end that relate to
expenGiwre iii the lollowing year have been deferred in accordance with donors. resrric(ion5.
Grants. including grants for the purchase of fixed assets, a￿ recognised in fijll in the Statement of
rinancil Activities In the year in whith they are receivable.
1.3 Re$ourees expended
Resources expendeo are induded in the Statement of Financiil Acvvities on an accruals basi$. The
charity 15 lloE registered for VAT and accordingly expenditure includes VAT where appropriate.
Governance costs include those costs associared with meetyng the constiujtional and statutory
reguiremen.ts of ttie charity and include costs linked EO rhe strategic management of the charity.
1.4 Tangible itxed assets and depreciation
Taii8iole fixeo assets are stated at cost less depreciation. Assets over £ICh) are capI￿1$ed.
Depreciation is provided at rares calculated EO Wr[￿ off the cosfs less e5tirnated residual value of
eacn ￿Se( over its expeaed useful life as follows-.
Computer equipment
25% of cost per year
20% of cost per year
1.5 Fund accounting
Unreslricieo .unds are donations and other r850urces receivable or generated for the objects of
the charity without further specific purpose and are available Ls gene￿ funds.
e>t."Ictea '.dnGs are used for specffic purposes a5 laid down by the donor. Expenditure which
meets these triteria is charged to the fvnd. together with a ￿lOCatiOn of managernent and
5ugporc Costs.
Ocean Regeneration Trust
ATrnu31 Reports and ￿nar￿￿ Statements Year Ended 28 May 2021

15
Ocean Regeneration Trust
Nore5 to the financial st2temeftts for the year ended 28 May 2021
Grants and donations
2021
2020
London Boroijgh of Tower Hamlets
Granr ￿SOCiated with the ret3il ufiits
on the south side of Ben Jonson Road
80.000
Ground Rents
Amoun£s receivable from the London 8orou8h of Tower Hamlets relating to the market sale of
new build properries delivered as part of the Ocean Regeneration Scheme.
Other
Reimbursement of expenw {£1.176). HMRC Ii)b Retention Scheme Grani l£11.4111
Salaries and con$ultants fees
2021
29.700
19.664
6.605
1.752
2020
48.124
20.448
7.348
1.848
Consultants. fee5
Salaries
Social Security costs
Pension
57.721
77.769
There one 0.8 full time equirdlent member of staff employed during the year.
Governance
2021
2020
Legal and professioftal fees
Audit and 3ccountancy
Comp2nies House
I ruslees rr31ning
DBS check5
1.215
13
1.089
24
1152
1.102
Projert costs
ORT w¢)rk5 in partnership with City Gateway to support a project ro promote and deliver services
and activttye5 from the Harford Street Multtcentre tsrgevng women and tarnilies liwng on the
O¢eaTt Estste and surrounding aret ORf5 conrribution tovrards the running costs in 2020121 was
£77,108. The projett 15 branded as the Stepney Lrfe Cenrre and a joint steering group has overall
resporisibilicy Tor strateiy. priorities and perforniance.
Oce3n Regeneration Trust
Annual Reports atHI FInarK1￿ Sratements Year Et)ded 28 May 2021

16
ORT supported Lirnehouse Projett in providing weKare and benefits advice to Ocean resi(lents by
funding a Universal Credit caseworker to prowde speci￿l$t advice and suppon to Ocean residenr5
who are Universal Credit c13imants.
ORT funded Ihe Half Moon Theatre to deliver After-school Drama sessions aimed at stspponing
young people considered as vulnerzble through long tertn In￿rYe￿￿Ofi, enabling partictpant5 to
build friendships. confidence and communicatror* skills through exploring drama and creauve
pracuce.
Community grants paid
To er.courage engagement with community ￿0uP& and organisatyons working on the Ocean Estate.
ORT runs an annual community 8ranrs programme Ifdndrng permirring)- This enables the Trust to
develop an overnew of the contribution the different groups and organisations make to the social
and econom*c regenerarion of the area and to develop pkn5 for ￿t￿re collaboration.
2021
Bangiadesn,
eatal .￿e31th Forum
Ben jonson Primary School
Brenrier Centre aE Stepney Jewish Community Centre
Emmott Close Sentor Citizèns. Club
Half Moon Theatre
Inventors Club
inLfi0kn5e *leif&-e Association
LliikAa-e rius
Oce3n iomali Comtnunity Ass(KiauoTr {OSCA)
Ocean Tefldf.ts Leaseholders Association IOTLAI
Ocean s Association
Oceaii Youik, Conr.-xions
Raggeo Siocoi Musedm
So Sié)ney i enants and Resbdenrs Association
Srep41ey City Farm
Stepney Sail 2Don Army
Tower H*.mlers hOCKey Club
2020
3,500
850
1000
1600
4.970
3,600
4,998
1.500
5.000
3.000
1500
5.000
1.500
5,IXJO
5.000
1280
60,298
Haitord Community Centre
Expersdibjre incurred in connectron with the employment of a Communiry Centre Manager lor the
benefi- o,. Crie Harfo..d Community Centre.
10. -rangii?le fiAtd assets
Cost Or Vaioaoon
I lay 1040
Addiuons
Disp?£als
pi_*iauoil
COmpu￿r eqUipM￿r
1.465
(366)
1.099
Ocean RegenerdEicn TrusE
ATrryu￿ Report5 and RnanCI￿ Statements Year Ended 28 May 2021

17
I l. Debtors
£6,97812020_. £80,754). £914 due from HMRC for May 2021 lob Retention kheme Gr4nL £6,064
being the prepayment of the Stepney Life Centre rent to City Gateway.
12. Creditors
£63,023 (2020.. £32.360). £1.369 due to the Interim Director to reimburse expenditure on
stationary, IT and Companies House. £59.421 due to LB Tower Hamlets for unpaid rent for the
Stepney Life Centre. £2.200 due for May consulTancy p3id lune provided by the Interim Direttor.
£33 due to AGM 5erwces for May 2021 payroll services.
Ocean Regeneration Trust
Annual Reports 3nd ￿na￿l*j Ststements Year Ended 28 May 2021