ALBION STREET COMMUNITY CHARITY LTD
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MAY 2025
Registered Company Number: 08045622
Registered Charity Number: 1153318

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 May 2025
Page
Report of the Trustees
Ito3
Independent Examinerfs Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements
7t013
Detailed Statement of Financial Activities
14

ALBION STREET COMMUNITY CHARITY LTD
REPORT OF THE TRUSTEES
for the year ended 31 May 2025
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
Pauline Adenwalla
Sian Bayley
Reverend Ulla Harkonen
Thomas Holder
Dr Amanda Squires
Registered Company nurnber
08045622
Registered Charity number
1153318
Registered office
8 Pageant Crescent
London
SE16 SFZ
Independent examiner
David Warren
Cocke, Vellacott & Hill
Chartered Accountants
Unit 15 City Business Centre
Lower Road
London
SE16 2XB
Page I

ALBION STREET COMMUNITY CHARITY LTD
REPORT OF THE TRUSTEES Icontinuedl
for the year ended 31 May 2025
The Trustees Iwho are also directors of the Charity for the purposes of the Companies Act) present their annual report, which serves the
purpose of both a Trustees, report and Directors, report, together with the financial statements of Albion Street Community Charity Ltd
(the charity) for the year ended 31 May 2025. The Trustees confirm that the Annual Report and financial ststements of the CharTty
comply with the current statutory requirements, the requirements of the Charity's governing document and the provi5ion5 of the
Charities Statement of Recommended Practlce IFRS 1021.
Since the Chartty qualiPies as small under section 383, the strategic report required of medium and large companies underthe Companies
Act 2006 Istrateglc Report and Directorfs Report) Regulations 2013 is not required.
TRUSTEES
The trustees who served the Charity during the year and since the year end were as follows:
Pauline Adenwalla
Sian Bayley lappointed 8 May 20251
Reverend Ulla Harkonen
Thomas Holder
Reverend Dag Magnus Hopstock Havgar (resigned 30 March 20251
Reverend Tesfamichael Negusse Iresigned 21 February 20251
Reverend Mark Nicholls Iresigned 12 September 20241
Dr Amanda Squires
OBJECTIVES AND ACTIVITIES
The Charity's purpose5 set out in the Articles of Association are to relieve the needs of people living in or working in the Ancient Parish
of Rotherhithe, to preserve and conserve buildings or sites of historic or architectural importance and to provide or assist in the provision
of facilities for public amenities, recreation and public health in the same geographical area.
While pursuing the objectives of the Charity, the Trustees have given careful consideration to the Charlty Commission's guidance on
public benefit.
ACHIEVEMENT AND PERFORMANCE
A continuing improvement in the Charity's financial position enabled the Trustees to further raise awareness of its financial grant scheme
and to revislt its reserves policy to reflect the increased liability of the new lease and any redundancy obligations. The Charity was also
able to make financial grants totalling £6,950 to seven local organisations12024'. £9,825 to eight local organisationsl as disclosed in note
A5 noted in previous years financial grants are not the only way in which the Charlty supports the local community and our shop trading
a5 Up Market has always been a much valued local drop in centre offering social interaction and practical advice particularly for the
vulnerable, lonely and those seeking emotional 5UPPQrt. The shop also provides work experience opportunities for local 6th form students
and for those looking to enhance their prospect5 of longer term paid employment.
FINANCIAL REVIEW
Upmarket ha5 become a well-regarded and successful bu5ine55 Wlth a regular clientele extending beyond SE16. Operating expenses
have increased, notably due to increases in the pay and hours of our two employees, in the cost of waste disposal and utilities and in
the rent of the garage used for storage of stock but remain well controlled. However thanks to the excellent work of our much-valued
team of staff and volunteers together with a generally reliable volume of donations of second hand goods the shop ha5 been able to
achieve a strong sales performance. As a result the Charity was able to record a surplus of £7,84912024'. surplu5 of £16,854). It
continues to strive to reduce recycling and waste costs.
A5 at 31 May 2025 the Charity held unrestricted reseNes of £82,504.
Page 2

ALBION STREET COMMUNITY CHARITY LTD
REPORT OF THE TRUSTEES Icontinuedl
for the year ended 31 May 2025
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity is a company limited by guarantee. It operates under the rule5 of its Artlcles of Association dated 25 April 2012. The Charity
changed its name on 15 July 2013 and registered at the Charity Commission on 9 August 2013. It has no share capital and the liability of
each member in the event of wlnding UP is limited to El.
The Trustees are appointed in accordance with the Articles of Association. New Trustees joining the Board are given an appropriate
brlefing on their obligations under company and charity law and on the contents of the Article5 of Association. They are also referred to
guidance Issued by the Charity Commission on the role of the Charity Trustee.
The main risk to the Charity is a failure to generate sufficient income from sales to finance its operations as well as provide funding for
charitable projects. The trustees are satisfied that the major risks have been mitigated as far as reasonably possible but the Board
recognises that it must keep these risks under constant review if the Charity is to continue to operate. In this connection the controls in
place include regular updates to trustees on our financial position, the preparation of formal agendas for Board meetings which highlight
areas of concern and formal approval procedures for financial and strategic decisions.
GRANT MAKING
The payment of grants in furtherance of the charity's objectives are voted and agreed upon by the trustees at regular meetings.
PLANS FOR FUTURE PERIODS
The 10 year lease on the premises in Albion Street signed in January 2023, has provided Trustees with the confidence to explore and
develop ways for increasing sales and reducing recycling costs.
In preparing this report the trustees have taken advantage of the small companies, exemptions provided by section 415A of the
Companies Act 2006.
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United
Kingdom Generally Accepted Accounting Practice.
Charity law applitable to charities in England and Wales requires the trustees to prepare financial statements for each financial year
which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In
preparing financial statements giving a true and fair view, the trustees are required to..
select suitable accounting policies and then apply them consistently.
make judgements and estimates that are reasonable and prudent- and
state whether applicable accounting standards have been followed, subject to any material departures that must be disc105ed and
explained in the financial statements,. and
prepare the financial ststements on the going concern basis unle55 It is inapproprlate to presume that the charity will continue in
business.
The trustees are responsible for keeping proper accounting records which are sufficient to Show and explain the charity's tran5aCtion5
and to disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial
statements comply with the Charities Act 2011, the provision of the Trust deed and the 'Charities SORP IFRS 1021. They are also
responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
Approved by order of the Board of Trustees on 2 September 2025 and signed on its behalf by..
Pauline Ads_nw
stee
Page 3

ALBION STREET COMMUNITY CHARITY LTD
INDEPENDENT EXAMINER'S REPORTOFTHE TRUSTEES OF
ALBION STREET COMMUNITY CHARITY LTD
I report on the accounts for the year ended 31 May 2025 set out on pages 5 to 13.
Respertive re5pon5ibilitie5 of trustee5 and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required
for this year (under Section 144121 of the Charities Act 2011 (the 2011 Actll and that an independent examlnation is required.
It Is my responsibility to..
examine the accounts under Section 145 of the 2011 Act;
to follow the procedures laid down in the General Directions given by the Charity Commission lunder Section 4515llbl
of the 2011 Actl- and
to state whether particular matters have come to my attention.
Independent examiner's statement
In connection with my examination, no material matters have come to my attention which give me cause to believe that in, any material
respect..
the accounting record5 were not kept in accordance with section 130 of the 2011 Act; or
the accounts did not accord with the accounting records,. or
the accounts did not comply with the applic3ble requirements concerning the form and content of accounts set out in the
Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "true and fair" view
which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in
this report in order to enable a proper understanding of the accounts to be reached.
David Warren BA FCA
Cocke, Vellacott & Hill
Chartered Accountants
Unit 15 City Business Centre
Lower Road
LONDON
SE16 2XB
3 September 2025
Page 4

ALBION STREET COMMUNITY CHARITY LTD
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 May 2025
Notes
Unrestricted
funds
2025
Restricted
funds
2025
Total
2025
Total
2024
Income and endowrnent5 from:
Trading income
Charitable activities
Other income
77,884
77,884
86,996
77
77
310
Total income
77,961
77,961
87.306
Expenditure on:
Raising funds
Charitable activities
63,162
6,950
63,162
6,950
60,627
9,825
Total expenditure
70,112
70,112
70,452
Net income and net movement in funds
7.849
7,849
16,854
Transfer between funds
Reconciliation of funds
Total funds brought forward
74,655
74.655
57,801
Total funds carried forward
All of the chorivs activities derive from continuing operations durlng the above two periods.
The notes on pt7ges 7 to 13form port of the5efinonciol statements
Page 5

ALBION STREET COMMUNITY CHARITY LTD
BALANCE SHEET
as at 31 May 2025
2025
2024
Notes
Fixed assets:
Tangible assets
1.586
251
Current assets:
Debtors
Cash at bank
io
888
80.986
3,072
72,112
81,874
75,184
Liabilities:
Creditors: Amounts falling due within one year
li
956
780
Net turrent assets / (liabilities)
80,918
74.404
Total assets less current liabilities
82,504
74,655
Total net assets / Iliabilitiesl
82,504
74,655
The funds of the charity:
Restricted income funds
Unrestricted funds
12, 13
12. 13
82,504
74,655
TOTAL FUNDS
82,504
74,655
The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The member5 have not required the companyto obtaln an auditfor the year in questlon In accordance with section 476 of the Companies
Act 2006.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with re5pett to accounting records and
preparation of financial statements.
The financial statements have been prepared in accordance with the Financial Reportlng Standard applicable in the UK and Republic of
Ireland IFRS1021.
The financial statements were approved by the Board of Trustees on 2 September 2025 and were signed on its behalf by..
i .(. AdwaLld
Pauline Adenwalla- T
The notes on poges 7 to 13form port of thesefinanciol stt7tements
Page 6

ALBION STREET COMMUNITY CHARITY LTD
NOTES TO THE FINANCIALSTATEMENT5
For the year ended 31 May 2025
GENERAL INFORMATION AND ACCOUNTING POLICIES
The Charity is a company limited by guarantee. It operates under the rules of Its Articles of Association dated 25 April 2012. The
Charity changed its name on IS July 2013 and registered at the Charity Commission on 9 August 2013. It has no share capital and
the liability of each member in the event of winding up is limited to £1. The Registered Charity number of the Trust is 1153318 and
its registered address is 8 Pageant Crescent, London, SE16 5FZ.
The charity's overall objectives are to relieve the needs of people living in or working in the Anclent Parish of Rotherhithe, to
preserve and conserve buildings or sites of historic or architectural importance and to provide or assist in the provision of facilitie5
for public amenities, recreation and public health in the same geographical area.
ACCOUNTING POLICIES
1.1 Basis of preparation of the financial statements
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and
Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS1021 issued on 16th Ju5y 2014 and the Financial Reporting Standard applicable in the United Kingdom and
Republic of Ireland IRFS1021 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1st january 2019, and
the Companies Act 2006.
After reviewing the charity's finances, the trustees have a reasonable expectation that the charity has adequate resources to
continue in operational existence for the foreseeable future. The trust therefore continues to adopt the going concern basis in
preparing its financial statements.
Albion Street Community Charity Ltd meets the definition of a public benePIt entity as defined by FRS 102.
Assets and liabilities are initially recognised at historical cost ortransaction value unless otherwise stated in the relevant accounting
policy.
1.2 Going concern
The Charity meets its running costs from its trading activities. The nature of the Charity's operations is such that there can be
unpredictable variations in the timing and amounts of cash inflows. The Trustees continuously review the funding prospects and
expenditure levels and take action to reduce expenditure should funding expectations and reserves appear inadequate.
The Trustees consider that it is appropriate to prepare the financial statements on a going concern basis. This assumes that the
Charity will be successful in its trading activities. These financial statements do not include any adjustments that would result if
insufficient funds are raised.
1.3 Company status
The Charity is a company limited by guarantee. The members of the Charity are the trustees named on page l. In the event of the
Charity being wound up the liability ion respect of the guarantee Is limited to £1 per member of the Charity.
1.4 Fund accounting
General fund5 are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general
objective5 of the Charity, and whlch have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restriction5 imposed by donors or which have been
raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the speciPIc
fund. The aim and use of each restricted fund 15 set out In the notes to the financial statements.
1.5 Income
All income Is recognised once the Charity has entitlement to the incorne, It Is probable that the income will be received and the
arnount of Income receivable can be measured reliably.
Trading income represents income recelved from shop sale5 which is recognised upon sale of goods.
Page 7

ALBION STREET COMMUNITY CHARITY LTD
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
For the year ended 31 May 2025
1.6 Expendlture
Expenditure is recogni5ed once there Is a legal or constructive obligation to transfer economic benefit to a third party, it is probable
that the transfer of economic benefits will be required in settlement and the amount of each obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including
support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.
Shared costs which contribute to more than one activity and support costs which are not attributable to a slngle attivity are
apportioned between those activities on a basis consistent with the use fo resources.
Costs of raising funds are those incurred in attracting voluntary income, and those inCUr￿d in trading activities that raise funds.
Donations payable are charged in the year when the offer is made except in cases where the offer is conditional, such donations
being recognised as expenditure when the conditions attaching are fulfilled. Donations offered subject to conditions which have
not been met at the year end are noted as a commitment, but not accrued as expenditure.
The Charity is VAT registered and its expenses are inclusive of VAT which connot be retovered.
1.7 Tanglble flxed assets and depreciation
Tangible fixed assets are initially recoenised at cost. After recognition, under the cost model. tangible fixed assets are measured at
ost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into
its intended working condition should be included in the measurement of cost.
Depreciation 15 charged so as to allocate the cost of tsngible fixed assets less their residual value over their estimated lives, on a
reducing balance basis.
Depreciation is provided on the following basis..
Fixtures, fittings and equipment- 25% reducing balance
1.8 Debtors
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the
amount prepaid net fo any trade discounts due.
1.9 Cash and bank in hand
Cash at bank and in hand includes cash and shorter, highly liquid investments with a short maturity of three months or le55 from
the date of acquisition or opening of the deposlt or similar.
1.10 Corporation Tax
Due to the charitable nature of the activlties undertaken the Charivs surpluse5 are not subject to corporation tax.
Page 8

ALBION STREET COMMUNITY CHARITY LTD
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
For the year ended 31 May 2025
TRADING INCOME
2025
2024
Tradlng income- unrestricted funds
77,884
86,996
INCOME FROM CHARITABLE ACTIVITIES
2025
2024
Donations received- unrestricted funds
OTHER INCOMING RESOURCES
2025
2024
Job Retention Scheme- unrestricted funds
Small Business Grant- unrestrirted funds
Deposit account interest
77
310
77
310
EXPENDITURE ON RAISING FUNDS
(Expenses related to trading activities, all through unrestricted funds except as noted below)
2025
2024
Other trading expenditure
Wages and salaries
Pensions
Depreciation of tangible fixed assets
20,846
39,849
1,939
528
23,756
35,341
1.626
84
63,162
60.627
STAFF COSTS
2025
2024
Wages and salaries
Social security costs
Other pension costs
39,849
35,341
1,939
1.626
41,788
36,967
The average number of persons employed by the Charity during the year was a5 follows..
2025
No.
2024
No.
Number ofstaff
No employee received remuneration amounting to more than £60,000 in either year.
No trustees received any remuneration, benefits in kind or reimbursement of expenses during the current or prior year.
Page 9

ALBION STREET COMMUNITY CHARITY LTD
NOTESTOTHE FINANCIALSTATEMENTS Icontinuedl
For the year ended 31 May 2025
GRANTS PAYABLE
2025
2024
Grants payable and associated costs
6.950
9.825
The total grants paid to Institutions are for the causes stated below
during the year was as follows..
2025
2024
Bubble Theatre
Surrey Docks Farm Association
The Docklands Settlements
Time and Talents
Southwark Park Association12025-for cricket and Green Shoots workshop)
Bermondsey Artists
Ignite Hubs
The Bosco Centre
Rotherhithe Primary School
BEDE
Bizzie Bodies
St James. Guides
1,000
2,000
1,000
2,000
920
1,000
1,000
905
1,000
2,000
1,000
1,000
950
1,000
6,950
9,825
The grants paid to the various causes are considered to be line within the Charity's stated objective to support organisations
within the Ancient Parish of Rotherhithe.
GOVERNANCE COST5
Included within cost5 of raising funds is £48012024: £4801 in respect of the Independent Examinerfs Report. There were no costs
incurred holding Trustees, meetings.
TANGIBLE FIXED ASSETS
Fixtures, fittings and equipment
Cost or valuation
Asatljune 2024
Additions in year
1,641
1,863
As at 31 May 2025
3,504
Depreciation
As at ljune 2024
Charge for the year
1,390
528
As at 31 May 2025
1,918
Net Book Value
As at 315t May 202S
1.586
As t7t 315t May 2024
251
Page 10

ALBION STREET COMMUNITY CHARITY LTD
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
For the year ended 31 May 2025
10. DEBTOR5
2025
2024
Prepayments and accrued income
Other debtors
780
108
780
2,292
888
3,072
11. CREDITORS: Amounts falling due within one year
2025
2024
Accrued expenses
956
780
956
780
12. STATEMENTOF FUNDS
Movement
in funds
At 1.6.24
At 31.5.25
Unrestricted funds
General
74,655
7,849
82,504
Restricted funds
Tommy Steele statue
74,655
7,849
82.504
Net movement in funds, included in the above are as follow-
Incoming
Resources
Resources
expended
Gain5 and
Ilossesl
Movement
in fund5
Unrestricted funds
General
77.961
170,1121
7,849
Page 11

ALBION STREEf COMMUNITY CHARITY LTD
NOTESTO THE FINANCIAL STATEMENTS Icontinuedl
For the year ended 31 May 2025
13. STATEMENTOF FUNDS- PRIOR YEAR
Movement
in funds
At 1.6.23
At31.5.24
Unrestricted funds
General
57,801
16,854
74,655
Restrirted funds
Tommy Steele statue
57,801
16,854
74.655
Net movement in funds, included in the above are as follow..
Incoming
Resources
Resources
expended
Gains and
Ilossesl
Movement
in funds
Unrestrirted funds
General
87,306
170,4521
16,854
14. SPLIT OF NET ASSErs
Unrestrirted
fund5
2025
Restricted
funds
2025
Total
2025
Tangible fixed assets
Current assets
1,586
80,918
1,586
80,918
Total
82,504
82,504
IS. SPLITOF NET ASSET5- PRIOR YEAR
Unrestricted
funds
2024
Restritted
funds
2024
Total
2024
Tangible fixed assets
Current assets
251
74.404
251
74,404
Tota5
74.655
74,655
Page 12

ALBION STREET COMMUNITY CHARITY LTD
NOTES TO THE FINANCIAL STATEMENTS Icontinuedl
For the year ended 31 May 2025
16. OPERATING LEASE COMMITMENTS
2025
2024
At 31 May 2025 the Charity had commitments to make future minimum lease payments under non-cancellable operating leases
as follows..
Amounts payable..
Within l year
Between l and 5 years
11,500
28,750
11.500
40,2SO
After 5 years
40,250
51.750
In 2023, and as noted in the Trustees, Report, the Charity agreed a new 10 year lease on their existing premise5 at a rent of £11,500
per annum from January 2023 with a break clause at the end of year 6.
17. ULTIMATE CONTROLLING PARTY
The charity is run on a day to day basis by the appointed trustees as shown in the Trustees, Report.
18. RELATED PARTIES
There were no transactions with related parties in the current or prior year.
Page 13

ALBION STREET COMMUNITY CHARITY LTD
Detalled Statement of Financial Artivlties
for the year ended 31 May 2025
2025
2024
Incorne from..
Retail trading income
Donations
Job Retention Scheme
Small Business Grant
Deposlt account interest
77.884
86,996
77
310
Total income
77,961
87.306
Expendlture
Dlrect costs
Other trading expenditure
Salary costs- total
Depreciation of tangible fixed assets
Independent Examination costs
20,366
41,788
528
23,096
36,967
84
480
63,162
60,627
Charitable activities
Grant5 to institutions
Grants to individuals
6,950
9.825
6.950
9,825
Total expenditure
70,112
70,452
Net income / lexpenditurel
7,849
16,854
This poge does notform pt7rt of the statutoryfintincial stotements
Page 14