East Village Trust
Charity No. 1156108
Company No. 08882931
Trustee's Report and Unaudited Accounts
31 March 2025
East Village Trust Contents
| Pages | |
|---|---|
| Trustee's Annual Report | 2 to 4 |
| Independent Examiner's Report | 5 to 5 |
| Statement of Financial Activities | 6 to 6 |
| Summary Income and Expenditure Account | 7 to 7 |
| Balance Sheet | 8 to 8 |
| Statement of Cash flows | 9 to 9 |
| Notes to the Accounts | 10 to 15 |
| Detailed Statement of Financial Activities | 16 to 17 |
Page 1
East Village Trust Trustees Annual Report
The trustee, who is also a director of the charity for the purposes of the Companies Act 2006, presents their report with the unaudited financial statements of the charity for the year ended 31 March 2025.
REFERENCE AND ADMINISTRATIVE DETAILS
Company No. 08882931
Charity No. 1156108
Principal Office
C/O Get Living London Limited 5 Celebration Avenue East Village London E20 1DB
Registered Office
C/O Get Living London Ltd 5 Celebration Avenue East Village London E20 1DB
Director and Trustee
The Director of the charitable company are its Trustee for the purposes of charity law. The following Director and Trustee served during the year:
R. Allen
Key Management Personnel
Chair
Richard Allen
Accountants
Bicknell Business Advisers Ltd 40 Broadway Lane Bournemouth BH8 0AA
Bankers
NatWest Bank Plc Ground floor The Arcade Westfield Stratford E20 1EL
Solicitors
Russell-Cooke LLP
Page 2
East Village Trust Trustees Annual Report
2 Putney Hill London SW15 6AB
OBJECTIVES AND ACTIVITIES
The purpose of the charity as set out in its governing document 7th February 2014
The main activities undertaken in relation to those purposes was to provide a a Village Hall
The charity’s objective is to provide a community facility for East Village residents, supporting social, cultural, and educational activities. Trustees confirm they have had regard to Charity Commission public benefit guidance in planning activities.
ACHIEVEMENTS AND PERFORMANCE
The Trustees continue to work towards ensuring that the charity is successful in securing a long-term location for community activities and that the funds available to the charity are well governed and invested wisely in the future growth and stability of the charity.
FINANCIAL REVIEW
Total income was £31,678 (2024: £38,507). Expenditure was £20,414 (2024: £35,052). Net movement in funds was £11,264 (2024: £3,453).
The charity holds a £1m permanent endowment; capital must be retained, and income applied to activities. At year end, unrestricted reserves were in total £53,476.
Reserves policy: to maintain at least 3 months’ expenditure. This policy is met and reviewed annually.
Funds are currently held in bank deposits. Trustees will review annually in line with Charity Commission guidance CC14.
PLANS FOR FUTURE PERIODS
Plans include recruiting trustees, securing long-term premises, reviewing investment policy, and expanding programmes.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The charity is a company limited by guarantee incorporated on 7 February 2014 and registered with the Charity Commission on 11 March 2014. It is governed by its Memorandum and Articles of Association. The charity is administered by a Board of Trustees. During the year the Board comprised one trustee. Recruitment of additional trustees is a priority to strengthen governance and ensure compliance with Charity Commission expectations of at least three unrelated trustees.
The Trustee is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Companies Act 2006. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).
Signed on behalf of the board
R. Allen
Verified by signNow 08/01/2026 16:52:07 UTC 90396dda45014196abdd
Page 3
East Village Trust Trustees Annual Report
Trustee
31 March 2025
Page 4
East Village Trust Independent Examiners Report
Independent Examiner's Report to the trustee of East Village Trust
I report to the charity trustee on my examination of the financial statements of East Village Trust for the year ended 31 March 2025.
Responsibilities and basis of report
As the charity's trustee (and also a director for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.
Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in accordance with section 386 of the 2006 Act ; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
-
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
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 financial statements to be reached.
Verified by signNow 07/01/2026 23:10:40 UTC 5ebfa90efd6f40fa9a3c
Steven Bicknell FCMA CGMA Bicknell Business Advisers Ltd 40 Broadway Lane Bournemouth
BH8 0AA 31 March 2025
Page 5
East Village Trust Statement of Financial Activities
for the year ended 31 March 2025
| Unrestricted | Endowment | |||||
|---|---|---|---|---|---|---|
| funds | funds | Total funds | Total funds | |||
| 2025 | 2025 | 2025 | 2024 | |||
| Notes | £ | £ | £ | £ | ||
| Income and endowments | ||||||
| from: | ||||||
| Donations and legacies | 4 | - | - | - | 10,000 | |
| Charitable activities | 5 | - | - | - | 40 | |
| Investments | 6 | 31,678 | - | 31,678 | 28,467 | |
| Total | 31,678 | - | 31,678 | 38,507 | ||
| Expenditure on: | ||||||
| Other | 7 | 20,414 | - | 20,414 | 35,054 | |
| Total | 20,414 | - | 20,414 | 35,054 | ||
| Net gains on investments | - | - | - | - | ||
| Net income | 11,264 | - | 11,264 | 3,453 | ||
| Transfers between funds | - | - | - | - | ||
| Net income before other | ||||||
| gains/(losses) | 11,264 | - | 11,264 | 3,453 | ||
| Other gains and losses | ||||||
| Net movement in funds | 11,264 | - | 11,264 | 3,453 | ||
| Reconciliation of funds: | ||||||
| Total funds brought forward | 42,212 | 1,000,000 | 1,042,212 | 1,038,759 | ||
| Total funds carried forward | 53,476 | 1,000,000 | 1,053,476 | 1,042,212 | ||
Page 6
East Village Trust Summary Income and Expenditure Account
for the year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Income | - | 10,040 |
| Interest and investment income | 31,678 | 28,467 |
| Gross income for the year | 31,678 | 38,507 |
| Expenditure | 20,414 | 35,054 |
| Total expenditure for the year | 20,414 | 35,054 |
| Net income before tax for the year | 11,264 | 3,453 |
| Net income for the year | 11,264 | 3,453 |
Page 7
East Village Trust Balance Sheet at 31 March 2025
| Company No. | 08882931 | Notes | Notes | 2025 | 2024 | |
|---|---|---|---|---|---|---|
| £ | £ | |||||
| Fixed assets | ||||||
| Investments | 9 | 1,000,000 | 1,000,000 | |||
| 1,000,000 | 1,000,000 | |||||
| Current assets | ||||||
| Cash at bank and in hand | 62,920 | 48,660 | ||||
| 62,920 | 48,660 | |||||
| Creditors:Amount falling due within one year | 10 | (9,444) | (6,448) | |||
| Net current assets | 53,476 | 42,212 | ||||
| Total assets less current liabilities | Total assets less current liabilities | 1,053,476 | 1,042,212 | |||
| Net assets excluding pension asset or liability | 1,053,476 | 1,042,212 | ||||
| Total net assets | 1,053,476 | 1,042,212 | ||||
| The funds of the charity | The funds of the charity | |||||
| Restricted funds | 11 | |||||
| Endowment funds | 1,000,000 | 1,000,000 | ||||
| 1,000,000 | 1,000,000 | |||||
| Unrestricted funds | 11 | |||||
| General funds | 53,476 | 42,212 | ||||
| 53,476 | 42,212 | |||||
| Reserves | 11 | |||||
| Total funds | 1,053,476 | 1,042,212 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 March 2025 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 March 2025
And signed on its behalf by:
Verified by signNow R. Allen08/01/2026 16:52:07 UTC S 0593dd1a12be437fa29e Trustee
31 March 2025
Page 8
East Village Trust Statement of Cash flows
for the year ended 31 March 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net income per Statement of Financial Activities | 11,264 | 3,453 |
| Adjustments for: | ||
| Dividends, interest and rents from investments | (31,678) | (28,467) |
| Increase in trade and other payables | 2,996 | 6,448 |
| Net cash used in operating activities | (17,418) | (18,566) |
| Cash flows from investing activities | ||
| Dividends, interest and rents from investments | 31,678 | 28,467 |
| Net cash from investing activities | 31,678 | 28,467 |
| Net cash from financing activities | - | - |
| Net increase in cash and cash equivalents | 14,260 | 9,901 |
| Cash and cash equivalents at the beginning of the year | 48,660 | 38,757 |
| Cash and cash equivalents at the end of the year | 62,920 | 48,658 |
| Components of cash and cash equivalents | ||
| Cash and bank balances | 62,920 | 48,660 |
| 62,920 | 48,660 | |
Page 9
East Village Trust Notes to the Accounts
for the year ended 31 March 2025
- 1 Accounting policies
Basis of preparation
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Change in basis of accounting or to previous accounts
There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.
Fund accounting
Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values. Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.
Income
Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets
Page 10
East Village Trust Notes to the Accounts
Expenditure
Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. Other expenditure These are support costs not allocated to a particular activity.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Freehold investment property
Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.
Stocks
Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.
Trade and other creditors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
Page 11
East Village Trust Notes to the Accounts
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.
Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.
Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.
Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.
Assets held under finance leases are depreciated in the same way as owned assets.
Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.
Pension costs
The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.
Receipt of donated goods, facilities and services
All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.
2 Company status
The company is a private company limited by guarantee and consequently does not have share capital.
Page 12
East Village Trust Notes to the Accounts
3 Statement of Financial Activities - prior year
| Income and endowments from: Donations and legacies Charitable activities Investments Total Expenditure on: Other Total Net income Net income before other gains/(losses) Other gains and losses: Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward 4 Income from donations and legacies Goodwill 5 Income from charitable activities Venue Hire 6 Income from investments S106 agreement income |
Unrestricted funds 2024 £ 10,000 40 28,467 38,507 35,054 35,054 3,453 3,453 3,453 38,759 42,212 Unrestricted £ 31,678 31,678 |
Endowment funds Total funds 2024 2024 £ £ - 10,000 - 40 - 28,467 - 38,507 - 35,054 - 35,054 - 3,453 - 3,453 - 3,453 1,000,000 1,038,759 1,000,000 1,042,212 Total Total 2025 2024 £ £ - 10,000 - 10,000 Total Total 2025 2024 £ £ - 40 - 40 Total Total 2025 2024 £ £ 31,678 28,467 31,678 28,467 |
|---|---|---|
Page 13
East Village Trust Notes to the Accounts
7 Other expenditure
| Premises costs General administrative costs Legal and professional costs |
Unrestricted £ 16,833 - 3,581 20,414 |
Total Total 2025 2024 £ £ 16,833 32,075 - 60 3,581 2,919 20,414 35,054 |
|---|---|---|
8 Staff costs
No employee received emoluments in excess of £60,000.
9 Investments
| Investments | |||
|---|---|---|---|
| Other | |||
| investments | |||
| - Unlisted | Total | ||
| £ | £ | ||
| Cost or revaluation | |||
| At 1 April 2024 | 1,000,000 | 1,000,000 | |
| At 31 March 2025 | 1,000,000 | 1,000,000 | |
| Net book values | |||
| At 31 March 2025 | 1,000,000 | 1,000,000 | |
| At 31 March 2024 | 1,000,000 | 1,000,000 | |
| Creditors: | |||
| amounts falling due within one year | |||
| 2025 | 2024 | ||
| £ | £ | ||
| Accruals | 9,444 | 6,448 | |
| 9,444 | 6,448 | ||
10 Creditors:
Page 14
East Village Trust Notes to the Accounts
11 Movement in funds
| 11 Movement in funds | |||||
|---|---|---|---|---|---|
| Incoming | |||||
| resources | |||||
| (including | Resources | At 31 March |
|||
| At 1 April | other gains/losses |
expended | 2025 | ||
| 2024 | ) | ||||
| £ | £ | £ | |||
| Restricted funds: | |||||
| Endowment funds: | |||||
| S106 Agreement | 1,000,000 | - | - | 1,000,000 | |
| Total | 1,000,000 | - | - | 1,000,000 | |
| Unrestricted funds: | |||||
| General funds | 42,212 | 31,678 | (20,414) | 53,476 | |
| Total funds | 1,042,212 | 31,678 | (20,414) | 1,053,476 |
Purposes and restrictions in relation to the funds:
Endowment funds: S106 Agreement
12 Analysis of net assets between funds
| 12 | Analysis of net assets between funds | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| funds | funds | |||||
| £ | £ | £ | ||||
| Investments | 1,000,000 | - | 1,000,000 | |||
| Net current assets | 62,920 | (9,444) | 53,476 | |||
| 1,062,920 | (9,444) | 1,053,476 | ||||
| 13 | Reconciliation of net debt | |||||
| At 31 | ||||||
| At 1 April | March | |||||
| 2024 | Cash flows | 2025 | ||||
| £ | £ | £ | ||||
| Cash and cash equivalents | 48,660 | 14,260 | 62,920 | |||
| 48,660 | 14,260 | 62,920 | ||||
| Net debt | 48,660 | 14,260 | 62,920 | |||
14 Related party disclosures
Controlling party
The company is limited by guarantee and has no share capital; thus no single party controls the company.
Page 15
East Village Trust Detailed Statement of Financial Activities
for the year ended 31 March 2025
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2025 | 2025 | 2025 | 2024 | |
| £ | £ | £ | £ | |
| Income and endowments from: | ||||
| Donations and legacies | ||||
| Goodwill | - | - | - | 10,000 |
| - | - | - | 10,000 | |
| Charitable activities | ||||
| Venue Hire | - | - | - | 40 |
| - | - | - | 40 | |
| Investments | ||||
| S106 agreement income | 31,678 | - | 31,678 | 28,467 |
| 31,678 | - | 31,678 | 28,467 | |
| Total income and endowments | 31,678 | - | 31,678 | 38,507 |
| Expenditure on: | ||||
| Premises costs | ||||
| Rates | 2,992 | - | 2,992 | 15,155 |
| Light, heat and power | 13,841 | - | 13,841 | 6,449 |
| Other premises costs | - | - | - | 10,471 |
| 16,833 | - | 16,833 | 32,075 | |
| General administrative costs, | ||||
| including depreciation and | ||||
| amortisation | ||||
| Bank charges | - | - | - | 60 |
| - | - | - | 60 | |
| Legal and professional costs | ||||
| Audit/Independent examination | 600 | - | 600 | - |
| fees | ||||
| Other legal and professional costs |
2,981 | - | 2,981 | 2,919 |
| 3,581 | - | 3,581 | 2,919 | |
| Total of expenditure of other costs | 20,414 | - | 20,414 | 35,054 |
| Total expenditure | 20,414 | - | 20,414 | 35,054 |
| Net gains on investments | - | - | - | - |
| Net income | 11,264 | - | 11,264 | 3,453 |
| Net income before other | ||||
| gains/(losses) | 11,264 | - | 11,264 | 3,453 |
| Other Gains | - | - | - | - |
| Net movement in funds | 11,264 | - | 11,264 | 3,453 |
Page 16
East Village Trust Detailed Statement of Financial Activities
| Detailed Statement of Financial Activities | ||||
|---|---|---|---|---|
| Reconciliation of funds: | ||||
| Total funds brought forward | 42,212 | 1,000,000 | 1,042,212 | 1,038,759 |
| Total funds carried forward | 53,476 | 1,000,000 | 1,053,476 | 1,042,212 |
Page 17