Charity number: 1166933
TEVIOT ACTION GROUP
Financial statement for the year ending 31 December 2023
Page 1
CONTENTS
| Page | |
|---|---|
| Contents | 2 |
| Charity’s Information | 3 |
| Structure, governance and management | 4 |
| Achievements and performance | 5 |
| Director’s report | 6 |
| Statement of Financial Accounts | 8 |
Page 2
CHARITY INFORMATION
REGISTERED OFFICE:
TEVIOT ACTION GROUPCIC 177 Teviot Action Group London E2 9PB
BANKERS:
Barclays Bank PLC 1 Churchill Place London E14 5HP
CHARITY NUMBER NO: 1166933
Trustees:
Crissy Townsend Jacky Emin
Page 3
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
TEVIOT ACTION GROUP is a registered Charitable Incorporated Organisation.
Organisation
The board of trustees’ administers the charity. They meet quarterly and there are sub-committee covering Development, Training and Finance.
The Chair is appointed by the board of Trustees to manage the day to day operations of the Charity.
Related Parties
TEVIOT ACTION GROUP has no related parties
Risk Management
The trustees have a risk management strategy, which comprises the following areas:
-
An annual review of the risks the charity may face
-
The establishment of systems and procedures to mitigate those risks identified in the plan.
-
And the Implementations of such procedures designed to minimise any potential impact on the social enterprise should those risks materialise.
Aims & Objectives
TAG aims to improve the quality of lives of disadvantaged communities living in underprivileged neighbourhood of Poplar particularly in Teviot Estate.
Activities
Providing support, advice, guidance on social welfare.
-
❖ Providing volunteers opportunities for local residents.
-
❖ Facilitate community cohesion and inter-cultural exchanges between local communities.
-
❖ Providing basic skills training such as catering, hairdressing, IT and literacy.
-
❖ Provision of supplementary classes and homework support.
-
❖ Provision of summer activities for children and young people.
-
❖ Provision of after-school activities for local children and young people.
-
❖ Provision of sport activities for local children and young people.
-
❖ Advocating for local residents about the local identified issues.
Page 4
Achievements and Performances
In 2023, we have achieved major achievements through delivering various services to Teviot estate residents and neighbouring disadvantaged communities.
Our main services were the UNITY CLUB which provides various activities for children during and out of term period.
UNITY CLUB has seen its children and young people beneficiaries increasing and it has more local parent’s engagements.
Furthermore, since the onset of Covid, we have established various activities for isolated residents, including those over 50 and individuals with disabilities. These activities have significantly enhanced their wellbeing.
Financial review
The financial transactions for the year and the financial position at the end of the year are summarised in the attached accounts. Trustees consider the financial position to be satisfactory.
Investment powers and policy
TAG’s funds are to be spent in the short term and there are no long-term funds or advance funds which investment in the money market can be.
Reserves Policy
Trustees have examined TAG’s reserves each year most of financial income is to be spent in the short term and there are no long terms investments.
Having considered the options available, the Board of Trustees have decided for the year to reserve equivalent of 3 months core running cost.
Plans for the Future Periods
TAG plans continuing the activities outlined above in the forthcoming years subject to the satisfactory funding and service contract arrangements.
TAG intends to strengthen its links with other voluntary organisations, local authorities, government departments, grant-makers and governments.
Page 5
STATEMENT OF TRUSTEES’S RESPONSIBILITIES
Charity law requires the trustees to prepare financial statements for each financial year that give a true and fair view of the state of affairs of the TEVIOT ACTION GROUP at the end of the financial year and of its surplus or deficit for the financial year.
In preparing those financial statements, the Trustees are required to:
-
❖ select suitable accounting policies and then apply them consistently;
-
❖ Make judgements and estimates that are reasonable and prudent;
-
❖ state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
and
-
❖ Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records, which 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
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.
Signed and approved on behalf of Trustees on 24.09.2024
Chrissy Townsend Chairman
Page 6
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023
| Income | |||
|---|---|---|---|
| Donations | 1,475.00 | ||
| Fundraising activities | 510.00 | ||
| The Albert Hunt Trust | 2,000.00 | ||
| EECF | 2,000.00 | ||
| Poplar HARCA | 2,235.64 | ||
| Canary Wharf Group Plc | 1,500.00 | ||
| Teviot Estate Development LLP | 1,450.00 | ||
| Total income | 11,170.64 | ||
| Expenditure | |||
| Project’s running cost | 7,124.10 | ||
| Stationery, materials and communication | 896.50 | ||
| Volunteers’ expenses cost | 795.00 | ||
| Events expenses | 840.00 | ||
| Total cost | 9,655.60 |
Brought forward from previous year: £5,109.00 Carried forward to next year: £6,624.04
Page 7