Clwity Number. 1175999 WOOLWICH SERVICE USERS PROJECT ANNUAL REPORT AND FJF4AIWICIAL sTATEME1s FOR THE YEAR ENDED 31 K4RCH 2025
WOOLWICH SERVICE USERS PROJECT AJ¥IYUAL REPORT AND FINAY4CIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Contsnts Legal & athninislralive inforn)ation Report of the Trust¢CS tndcpendent Examiner's report Ac¢ounts ¢omprlslng: Statement of Fin¢1&1 Activities io Balgnc¢ Sheet li Statement of Cask Flow5 12.19 Not¢s to th¢ accounts
WOOLWICH SERVICE USERS PROJECT LEGAL & ADThttNISTRATIVE INFORMATION FOR THE YEAR EIWED 31 MARCH 202S l*gal and admlnbtrnllvt Inform2tlo Charfty number 1175999 Trusteeg T Virdhec C Hill D Cordery J Billingham- appointcd 15 October 2024 D Abel Regtstered address 107 Brookhill Road Woolwi¢h London SE18 6BJ A¢¢oulltants Simpson Wf0[a LLP Cbart¢red Accountants & R¢gistcred Auditors Wcllesley House Dukc of Wcllinglon Av¢nuc Royal Arsenal London SE18 6SS Banktn BaKlay8 Bank 41 Woolwich New Road Londo SE18 6ET
WOoLCH SERVICE USERS PROJEC REPORT OF THE TRusfEF FOR THE YEAR ENDED 31 MARCH 2025 The TrteeS present thelr annual rqx)r¢ togeth¢r with th¢ financial statenlents for the y¢ar ended 31 March 2025. Th¢ financial st&t¢m¢nts have bccn Prepar in accordance with the accounting polici¢s set out in note l of the accounts and ¢ornply with the Clwity's Tnist th¢ Clwitics Act 2011 and "Accounting and Reporting by Chariti¢s: StatcmcDt ofReconuncnded Practice applicable to charities preparing their accounts in accordan¢¢ with the Financial Reportin8 Standard applicable iti the UK and Republic of Treland (FRS102)" (effe¢liv¢ l January ?019). Reference and admlntstratfve detalls Woolwich Service Us¢rs Project CIO (Yhe CIJ2TityI is regist¢Tcd with th¢ Cbarty Commi55ion of England and Wale5, ulld¢r registration number 1175999. The principle otwd£in8 address is IQ7 Brookhill Road, Woolwi¢h, IndOn SE18 6BJ. The Tn]stees who serv¢d in the period were: Tracy Strin8ftllow- resigned Andrea Leach- resi8ned November 2024 Tejinder ViTdh¢£ Christopher Hill (Chair) J M¢rcer- r¢sign¢d D Cordery D Abel- app)iDted I l June 2024 James Billingham- appoiDtd 15 October 2024 S Ghuman~ resigned May ?024 S Dat¢a- r¢sign¢d May 2024 The Board of Trste¢S s¢ts th¢ sttat¢gic direction and Sup Darek Karwa¢ki CEO, in d¢livertn the Charity's objcctives. Governanee The Charity is r¢gi8tered with Th¢ Charity Commission as a Charitablc Incorwrated Organisation (CIO). The Charity was regislcrcd ?9 November 2017 a1 commenced clwitable 8Ctivities from this dalc. The chiD¢S Act 2011 creates the basi¢ legal framework for the CIO and the governing d(Kimienf is th¢ Charities CoMmi10M Association Model CIO CoLstitutio Appolnlment and nomfnatloD of ChATIty Trustees Appolnted Cbarlty Trustees Except for the inttial Trustces, all subscquent appointments are madc for a tcnn of no less than three years And approv¢d by ordinary resolution at a property convened meetin& When appointing new TTUSt¢¢s. the Board considers the skills, knowledge, and cXperI r¢quircd to ensure Ihe efft¢tivc Bov¢rna¢ and admI1rdI10ll of the Charity.
WOOLWICH SERVICES USERS PROJEcr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Inductlon and tralnlng of Charlty Trustees New Truste¢s rec¢ive an induction bri¢fing outixning th¢ Charity's aims obje£tiv¢% and oTatiOnal framework. Each Trustee then undcrthkcs a six-month observation period prior to fonnal appoinlmenL subject to satisfactory pcrfonDanc¢. Ongoing training and deVelopnrf are provided to eLsure TnLStees can fillfil their responsibilities effc¢tiv¢ly. with addilional training authoristyj by thc Board Wh¢ sp¢cifi¢ skills gaps ar¢ Identifd. Retirement alld removal of Charity TrDSttts A Trustee eeases to hold office if they: Retire by M7itten notic¢ (provid a quonury reTuaiDS in plac¢). Are absent without pcrniission for six months and thc Board r¢solves tr> vacate their sItiOn. Die or become incapacifat¢d a5 CODfumed by a medical practitioner. OT Ar¢ disqualified under sections 178-180 of the Clwities Act ?01 l. Declslon nkIng The Charity has ryJw¢r th do an)Yhing wbicb i8 calculated to fither its objects OT is conducive or incid¢ntsl to doi])8 $0. In particular, the Charity's p)wers include power to: borrow money and to charge the whole or any part of its proFty as Security for the repayment of the money 1X)oWed. The Chariry must Comply. as appn)priare. with sections 124 and l?5 of the Charities Act ?01 l if it with¢s lo mortgagc ]anC" buy, tske on le or in exchange.. hiT¢, or otherwise acquire gny property and to maintain and equip it for use. sell. lease or otherwise disw of all or any part of the property belonging to the Cbarity. In ¢x¢r¢ising this FKTrwer. the Charity must comply as appropriate with sections I 17 and 119-123 of the Chariti¢s A¢t 2011. employ and remuncralc such staff as arc n¢ccssary for carrying outthe work of the CharAty. Th Charity may employ or remunerate a Charity Trustee only to th¢ ext¢n¢ it is p¢rniit¢ed to do so by clause 6 (Benefits and payments to Clwity Tnlstees and connd p¢rsoDs) of the Charity's constitution and provided it complies with the CODditions of thos¢ clallse5" and dew)sit or inYc5t fiwds, employ a prof¢1021 fund-manager, and affalw for thc investments or other propety ofthe Chariry to be h¢ld iti Ihe nam¢ of anominee, in the same manner and subject to the same conditions as th¢ Tnkn of a trst art perniitted to th) by the TThte Act ?000. Rtsk management The Tnte¢S have identified the major risks to which the ChaTity may b¢ ¢xposed and have implemented systetlls and procedurts to manage and mitigate risks efftctively. Vlsloll, Ambltlon, And Values Vlsloll: A copnmunityfreefrom hdrdJhts) and howing inytability.
WOOLWICH SERVICE USERS PROJE REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 Ambltion: To pr¢vent. and tintelY ¢n( hom¢l¢ssn¢&s within our Iixai commwiity through comp&8sionat4 prddi¢al 5UPPOrt that CmEKJw¢rs individua]s to r¢buiId their liv¢s wilh dignity and stability. Our Values- Tbe Nlne Charlty CornentoDes l. No Judgment- We welcome every Fwson Witho stigTDa or prcjudic£. 2. Inclusion- We create a spacc whcrc everyone belongs. 3. Dignity- We ITeat every individual wiEh respect and compassio 4. Rkdical Listening- We listen deeply and honour each r'S story. 5. Empathy- We ll¢t people where they are, s¢eking to Unders 6. Kindn8- We offer meati1n support ¢att and hutnanity. 7. Professionalism- We act with InteIty. aceountsbility. and Eeliabilty. Solidarity- Wc sland alongsid¢ pwpKc CXPCTicncin8 homel¢ssn¢ss. 9. Adv(wy- We work with parts)ers to cl)ang¢ sysl¢ms and perceptions that sustain hom¢k8Sn¢SS. Strate¥k Prlorllles for 202&2028 l. Lived L¢adership: Ensur¢ that liY¢d experience guides decision-maknn& co-produthioffj and s¢rvi¢e dcsi 2. A GTeat Place to Work: Priorilise the wellb¢ing and d¢velopm¢nt of stsff snd voluntcer¥ fost¢TiJ8 a safe aud sUprtIve ¢nvAronmcnL 3. Public Rrsence: Str¢tt8then our profik to communicare impacL increase enga8emenL and build lo])g.terni support. 4. knbitioD-Led FuDdi Pursue fimding ali8ncd wtth our rn10 allowing S$inabl¢ and s¢rvic¢ Cbarftsble Aetlvttles and Publlc Benellt of the Charlty The Tru¢¢5 have complied with their duty in sectioo 17 of Ibe Cljartties Act 2011 to have due regard to th¢ public benefit 8UIda publislKd by the Clwity COMMI10 Core Activlties The Charity provides direct siipport to Ople in the l(xal community facin8 financiaL mental, or physical difficulties and creates asafe, non-iudgmental spa(*wher¢ individuals Can ¢ODn¢ct and rebuild stability. Use of volunteers Th¢ CharAty baswothdwith 40 Volunt durxllgthe yearto 31 March 2025 a¢r(x5s aran8e ofactivities. Yoluntttr maDagemenl Volunteer managers rec¢iv¢ additional training and development to suppoff coordination and supervision reSp0Ewll1u¢5.
WOOLWICH SERVICE USERS PRoJEcr REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Voluntter roleg Intlude: VolunteeTS can carry out varied roles to meet individual knowledge, skills, and exp¢ri¢nce. WSUP also ofFers opportunities for personal development for volunteers with indivAdual learning need5. Typical volunteer tasks might includc: Preparing ih¢ Main hall, kitchen and show¢rs for daily use i.¢. tting up tabl¢s and chairs; preparing clothing bank. preparing reception desk. and ¢I¢'tg the hall az the end of scrvice. StatTin8 the re¢cpiion poittt, m¢¢ting and greeting scrvicc iisers and g¢ncrai visitors, takin8 (ktails, and ensurin8 scryice uSS are aware of acceptable codcs of coiiduct. Carrytng out re8u11 healdi and safety inspections, risk Sessments, And ensuTing any faults or risks arc repoited lo the SUpLSory1Lnana8¢MCnt leam. Food scrvice lu prepwaiion. Administrative fijnctions i.e. preparing documents and iiifonnation for sciwice users. Administration of donations such as clothin8 and food. Providing digital lliclusion support. Number ofhours volunteers work Each service session 1&8ts approximately six hours, with some flexibility depending on volunteer 8v8ilability. S¢rvic¢ sessions arc hcld each week on Monday, Tuesday, and Sattwday, ensuriiig consist¢nt support for our community, Thc Charity also ¢mploys four fiJll-tim¢ and onc part-time staff membci's who mana8e all Asp¢cts of th¢ 01'8anisation And ovcrscc voluntecrs to ensure the smooth and consistent delivery of servic¢s, Flllgn¢lal revlew Tlie Statement of Financial Activilies on pa8e 9 shows an unre$tri¢ted reserve of £368,606 at the year Th¢ prin¢ipl¢ fundAn8 sour¢¢ is donations from the public, lo1 business contributions and grants. Significant ants received during the period include: National Lott¢ry Fund £19,500 GHFC- Deltvery sts'and £23,236 B&Q Foundation £10,000 ASDA foundation £10,266 Healthier Communities £7,066 Albert Hunt Tlvst £7,(M)O Mind £3,294 The l¢ga¢y gift of £360,000, i'¢¢eived in the previous financial year has enabled us to recruit additional staff and expattd our services to r¢4ch more people in need. This gen'ou$ contribution has Silfi¢antlY str¢ngth¢n¢d our ¢apa¢ity to thliv¢r support aThd ¢nsure the Long-teim sustainability of our programm¢s.
WOOLWICH SERVICE USERS PROJE REPORT OF TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 Achlevements and perfonllaDf¢ DuTiD8 the periol th¢ ChaTity has made the following progress in relation to the Objects ofthe Charity section outlined above: Recruited a CEO, Darck Kara to strengthen strat¢gic l¢ad¢rnhip and diredion. Upgrad1 mana8ement inforniation systems to enhance outcome trackin8 and demoDstrate mcasurnbl¢ impac¢ Adaptcd scrvi¢e deIiYery to reswjnd to evo]ving community necds. Compkted a comprchcDSiV¢ of all polici and pro¢edutts; Str¢ngtlKned core managcmcnt stsffuJ8 to cl¢ continuity alld OTganisational stability. Expandcd engwm¢nt with l(KaJ authoriti¢% busin&ss¢% and the wider community. Continu¢d to develop meclwll that support sustsinable fundiD8 applications. Wonapr¢stigious Royal Borough of(Irecnwi¢ELBusintss Award2024 itiHealth and Wellbeing cat¢gory: Become an accredited Living Ww Empk)y¢r. Becom¢ a m¢mber of Homelcss LinL Citi7£ns UK NVCO. Become Soutb Fast London Cbatnbtt of Comm¢r¢¢ clwity of the year for th¢ next two years; Carried out a feasibility Study to inforni the dcvdopmcnt of ivot Ho., trauma-inforni¢d accommodatlOD provision. Plans for future perlods The k¢y aims fix 225r26 ar¢: Building lln the stron8 foundioD5 ¢Stablish¢d in r¢c¢nt years. Continue to support CEO to strengthen strategic leadetship and focus. Appoinl a Health Coordinator to develop a public heahh prOgrC establish systems for tracking its impacL' Establith a formal Risk Regter to identify potential risks and itnplement effective mitigation measures. Recruit an exwicnced fiJIl-time Fundraiser to help ensur¢ ¢onsist¢nt annual surpluses and strengthen the Charity's IoDg-terni financial sugtsiDkniEity. Identify andlor refiwbish suitable local office sPe to accoD]modat¢ manag¢m¢nt and op¢rational staff effectively. Develop and expand our services iocJudin8: Parthertng with the local authority's housin8 inclusion teams ro SUPlKJrt N)pk experiencing homelessness" Estsblish an Illdep¢lldt Mod¢rn Slavw Advisor (¢ommunity.based floating Support model) as identified in our Pivot HO feasibility study Achieve tnvesting in Volunteers national accreditatiOJL
WOoLCH SERVICES USERS PROJECT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 StAtem¢nt of rtstM)n8ibillties orthe Trustoes The Trustees arc responsible for pr¢paTing fula1 stat¢m¢nts for ea¢h ftn8n¢ial year which Bive a true and fair vi¢w of th¢ statc of th¢ affairs of the Charity and of thc sUlUS or Lkficit of the Charity for that period. Th¢ I'rusl¢es ar¢ r¢sponsibl¢ for pr¢pariiig the Tnjstees Reporl ad the t-ancIal slatements in a¢cordao¢e with the Charifie5 Act 201 I. Tn pr¢p)ng thos¢ financial srat¢m¢nts th¢ Trustees Are reqiiired to. s¢lect suitable accounting tx)licics and then apply ¢liem consistently. mak¢ jigeMentS and c5timates that aff re&sonable and prudcnt. slate whcthcr applicabl¢ accounting sthndards and slatements of r¢¢ommended pra¢ti¢¢ have been followed, subjecl to ony material departures disclos¢d and explained in the fmancial ststements, and pi¢pare the fllwicial statements on th¢ 80ing concern basis unless it is inappropriate to pirsume th&t the Charity will continiie in operation, Thc Trustccs are responsible for kceping adequate accounting r¢coi'ds which disclosc with rc&50nable aCCurY at any tim¢ the financial p)sition of the Charity, They are responsible for SafegU.dIng the ass¢ts of the Charity And h¢nce for taking reasonable steps for the pi'evclltion and detection of fraud ld othcr in'e8ularities. Reserves poll¢y Following the substantial le8acy received in 2023, th¢ Charity's res¢rv¢s 8r¢ being utilis¢d to expand and sustain community scrvices, while actively pursuing additional funding to suppoit ongoing operations Rnd gradually rebuild reserye levcb. This approach will ntillu¢ until a suitable stratC8ic c&pifal investm¢ni such as a new buildin8 project, is identified and approved. The tt'ustees seck to nintain a l¢v¢l of r¢s¢ry¢s ¢quival¢nt to 6 months running costs, based on current perforn?ance this is around £125,000. Th¢ ¢unEnt reserv¢ balance foi. unrestrict¢d funds is at £308.606 (2024 - £411,611) and the restrictcd fiwd balan¢¢ stands at £58,870 (?024- £79.162). Approvcd by the Board of Trustees on 9 tkc¢mbcr 2025 and signed on its khalf by: C Hill Trustee
ITrIDEPEIYDENT EXAMINERJS REPORT TO THE TRUSTEES OF WOOLWICH SERVICE USERS PROJEcr I report to the trustees on my examination of the accounts of Woolwich ScrYic¢ Us¢rs Project for the year ended 31 March 2025 as set out on pages 9 to 19. Ruponslbllltl¢s and basts of report As th¢ Charity Tiwstees of Woolwieh Service Users ProjecL you are reswpnsible for thc pr¢paration of the accounts in accordanc¢ with th¢ qUir¢M¢nts of th¢ Charitics Act 2011('the Act,). ITCPQrt in respect of my ¢xatnination of th¢ Trustees accounts ¢arried out under s¢ctiou 145 of the 2011 Act and in carrying out my examination I have followed all thc appli¢abl¢ Directions givm by th¢ Charity Commission und¢r section 145(5)(b) of the 2011 Act. Independent examlner's $tstsm¢nt I hav¢ ¢omplet¢d my ¢xamlttiQll. I confimi that no material trrs hav¢ Come to my att¢ntion in connection with the ¢xamination giving m¢ ¢aus¢ to b¢li¢v¢ that in any matcrial rcspect: accounting records were not kept in respect of the Trust as required by section 130 of th¢ A¢t; or the accounts do not accord with thos¢ r¢cords' or the a¢couttts do not comply with the applicable requiTements concerning the forni and content of accounts sct out in th¢ Charities (Accounts ond Reports) Re8ulations 2008 oth¢r than any rcquir¢m¢nt that the accounts give a 'lrne and fair view, which 15 nol a matter consid¢red as part of an IndCd¢Dt ¢xamittation. I havc no conccrns and hav¢ ¢om¢ a¢ross no other matters in connection with th¢ wmitiaiion to which attention should b¢ drawn in this report in ord¢r to Cnablc a proper und¢Tstatiding of the ac¢ounts to b¢ Teached. Michael Broder BS¢ FCA For and on behalf of Simpson Wreford LLP W¢llesley House Duke of W¢llington Avenue Royal Arseyal London SE18 OSS 22 December 2025 Dated: .......
WOOLWICH SERVICE USERS PROJECT STATEMENE OF FINANCIAL AcfIviTIES (INCLUDINC INCOMK AND EXPKNDrruRE ACCOUNr) FOR TIIE YEAR EM)ED 31 MARCH 2025 Unttstiietsd Re$tii¢tyd Total fDDds Total thllds 2025 2024 2025 2025 Notes Income endowmellts from: DoDat¥)ns and k8acrs Ckhartiabk Other ioMe 76391 9?58 5.131 164.053 15,793 5,131 458911 6,435 1,776 Totsl iDcon 94.1 Expenditstrn Ott: RaBing fitllds Charitabk acttv (&) (228J94) (&8(W) (11,070 (239,470) (98,787) Totsl expenditn 248274 Net movememt in (146J18) 83.021 (63.297) 361,900 Reconciliatioll offiuMIs Total funds brought forward Trattsfe IKtween Sjnds 411,611 103213 79,IL? (lQ3J13) 491). 1¥%73 Totsl fvnds carried frjrnwd 368,f 58.870 4?7,476 490,773 The statement of financial activittes includ¢s au 88ins and losses recogni1 itt the year. All income and cxpgnditure derive from coutinuing ¥tivities.
WOOLWICH SERVICE USERS PROJECT BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes Fixed Assets Tak Assets 101,701 101931 CurrelltA5sets Cash at ]Mnk ard inhatyl 338,728 394582 Li#bli¢ie$ Cr¢ditors.' am(wnts fa]kn8 th withlli (rt i¢ar (12952) {5,739) Net cuntllt assets 388 Totsl assets Tht Fund5 of the Charity Unrestrt¢d fillM]s Rethl¢d fut 368,006 58,870 411,611 79,162 Totsl thlldy 427476 Th¢ fllwKial ststements on pa8es 9 10 19 were approved by the Trustees on 9 December 2025 and signed on their behalf by'.- C Hill Trustec io
WOoLCH SERVICE USERS PROJECT STATEMENT OF CASH FLOWS FOR THE YEAR EF4DED 31 MARCH 2025 202S 2024 Nole 12 Cash used In operAtIDg actlvltle8 (35,352) (35,352) 384.302 384,302 Cost of leasehold improvements and FFE (27,714) (2l.223) Kn¢r¢ast In ¢8sh and ¢qufivalents ID the yar (63,066) 363,079 (Decrease)rllas¢ in credito 7,213 4.239 Cash and ¢ash ¢quivalcnts at thc k8innin8 of the period 394,582 27,263 Total easb and eash equfvaknts at the end ofthe perfod 338,728 394,582 li
WOOLWICH SERVICE USERS PROJECT REPORT OF THE TRUSTEES FOR THE PERIOD EM)ED 31 MARCH 2025 l. Ac¢ountiDg pollcles g. Charity inforniation Woolwich Service Users Project is Charitsble In¢orporat¢d Orgallksation r¢gist¢r¢d with the Charity Commission inEn8landand Walcs. The 0ratIOn office is 107 Brookhxll Road, WoolM'jc Londo SE18 6BJ. b. Ba518 of preparatlon and Se¥Set ofgolllg ¢oncern The ac¢owits havc b¢eD ppared und¢r th¢ historical costs couvention and in ac¢ordancc with the Statement of Recommend¢d Practice,. Accounting and Reporting by Clwitics preparing their accoullts in accordance with the Finaticial Reporting Standard applieable in the UK 8nd Republie of freland {FRS 10?) issued on 16 July 2014 and thc Fl[L[claI R¢porting Standard applicabl¢ in thr Unit¢d Kingdom and Republi¢ of Ireland (FRS 102) and the Charities Act 2011 al UK generally Acccpted Practice as it applies from l Jatkuary 2019. Woolwich S¢ryic¢ Us¢rs Project meets the definition of a public benefit entity under FRS 102. Assets alld liabilitics arc initially reco8nis¢d at hislori¢al cost or transaction valu¢ unl¢s5 oth¢rwisc Slated in th¢ relevant accountin8 polioy not¢(s). Th¢ Trustees consider that theTe arc no mat¢rial uncertaillties about the Or8anisatioll's ability to continue as a going con¢¢rll. The finatt¢ial 5tat¢mcnts are prepar¢d in sterlin& which is the fiCtIOnal currency of the clwity. Monetsry amoiints in these ruw121 statements arc Tounded to tile neaL¢sr £. . Income Voluntary income is re¢eiv¢d by way of donations and gifts and ts included in filll in thc Statement of Financial Activitt¢s wh¢n re¢eivabl¢. Th¢ value of s¢rvi¢¢s providRd by volunt¢crs has not been included as th¢ value of their contribution cannot be reasonably quantificd in financial tern. Donations are Te¢o8nised in the fela1 statements upon receipt and in ac¢ordancc with tb¢ Charifi¢s SORP (FRS 102). Lega¢ies are accounted for as incoming resou¢$ uwn r¢c¢ipt or whci'c th¢ rc¢¢ip¢ is p'obable. Grdnts, including grants for fixed asse are Tecogttised within the accounts &s they become re¢¢ivabl¢. Grdnts i'eceiv¢d in th¢ accowiting p¢i'iod in r¢5PeCt of future aOuntIng periods are deferred until those periods, d. Expenditure and Irrecoverable VAT Resources expended are r¢eognis¢d on an a¢¢nlS basis as the liability is in¢utr¢d. Support costs are allocated to each activity based on time spent. Irrecoverable VAT is ¢hargcd as a cost agalnsf the activity for whi¢h the expendire w&8 incurrcd. e. Tanglble flx¢d $88¢ts Depreciation is provided using th¢ following rat and basis to reduc¢ by annual insta]mcnts the cost, less cstimat¢d rcsidual value, of their estimated usefijl liv¢s: 12
WOOLWICH SERVICE USERS PRor STATEMEIYT OF CASH FLOWS FOR THK YKAR ENDED 31 MARCH 2025 Accovntlng polkles (¢ontlnued) f. L¢asehold improvem¢nts- straight lin¢ over the r¢maining length of the Ica5c. Th¢ remaining length of lease for the year ended 31 March 2025 is 6 years. Items of ¢quipmcnt capitaliscd where th¢ purchasc price excccds £1,000 ¢xc¢pt where tb¢ item is expccted to have a life expectancy of less than two y¢ars and d¢prcci&tcd over 3 years on a sts7i8ht line basis, 8. Alloe4tlon of support eosts Support ¢osts are those fimctions that a&giSt the work of the Charity but do not dirc¢tly undertak¢ charitablc activitics. Support costs include back office costs, flee and govcmallce costs which support the Charity's LIVI¢1¢$. 11]c5e costs havc b¢¥n allocat¢d to exp¢nditwr on charlble activiti¢s. h. Fund aeeountlng Unrestricted funds ar¢ donations and oth¢r incoming r¢soiu¢¢s tt[Vable or g¢neratcd for the objects of th¢ Charity withoiit further specificd pwyos¥ llrc availablc as 8en¢ral fund8, Dcsignatcd fijnds are unrestrictcd fid8 carmarked by the truste¢s for a particul&r purpose a8 indicated at the time that the funds are reeeiv¢d. Restricted funds are funds made to the ch'Ity which arc to be iised in accoi'dance with spccific Irstriction5 imposed by donors. The cost of raisi1)8 ld admiiiislerins sucli tunds arc char8ed against die specific fund. I. FIDan¢lal Ingtyllments The Charity only has fin8n¢ial ass¢ts and liabilities of a kind that qualify as basi¢ financial instruments. Basic fii)ancial instnunents ate inifialty r¢cogniscd at transaction valuc and subsequently measured ar th¢ir s¢ttl¢m¢nt value, 2. Crltlcal Aecounting estlm*tM and Jud8¢m¢nts In the 8ppli¥ation of the Cbarity's a¢¢ounting polici¢s, the Thistees required to make judg¢m¢nts, ¢StimatC5 and assumptions about thc carryin8 amount of 8S$¢ts and liabilities that arc not readily apparent from olher 50urLcs. Th¢ estimats and associatcd assumptions arc bas¢d on histotical experi#nce and other faclots considered to be relevanL Acfual results may differ fiDm these ¢stimafes. The estimates aud underlying assumption5 are reviewed on an ongoing basis. RlSIonS to accounting ¢stimates are recognised in the pei'iod in which the estimate is revised wh¢r¢ th¢ r¢vision affects only that period, or ill the p10d of the TWiSiQll future periods where the rlsiOn affects both current and future p¢riods. 13
WOOLWICH SERVICE USERS PROJECT REPORT OF THE TRUSTEES FOR THE PERIOD EM)ED 31 MARCH 2025 3. Donatlon8 and legacles Unrnstdctsd nds 2025 Restrfcted nds 2025 Total 2025 Toknl 2024 Pubffc donations Le8ac*s Local authoriy Brants 42,0 31,301 7,3) 49,390 31,301 30,386 360,000 80J62 87.662 164,053 76J91 458.911 4. Total resources ¢xp¢nded Costs of eharfiable actlvltley 2025 Governance Totsl Total 2025 2025 2024 Charftable a¢tlvltles Food, clothttig and support Events and workshops Wa8es and sa]aries Employer pension W8St¢ cleal'ance Advertising and marketing t4) Volunte¢r training Consuhancy rr and website costs Small equipment eost$ Telephone Uniforms Trnvel Depreciation Light & heat Charitable donatM)ns Insurance Stsff baining Subscriptions Entertaining Sundry expenses Le1 and professional Repairs And mainten8nce charges and interest A¢eowitattq fees 6,456 9.762 113,906 2,350 991 28.287 1,601 22,125 789 787 1,099 622 388 27,945 7,187 6,456 9,762 113,906 2,350 991 28.287 1.601 22.125 789 787 1.099 622 388 27,945 7,187 9.137 6,092 43,386 490 1.209 776 467 657 228 22.402 2,774 216 794 935 935 1.530 490 1.131 393 757 6,929 370 2,640 1.530 490 1,13L 393 757 6.929 2,05 1 1,538 4.463 370 2.640 1,500 Fundraising cost5 8,804 8,804 3 945 248 274 14
WOOLWJCH SERVIC USERS PROJKcr STATEMENT OF CASH FLOWS FOR THE YL4R ErDED 31 MARCH 2025 5. Tanglbk Assets Flxtures, ttiHg5 and iK4sehold Imprnvemettts Total Cost Blfivd &t 0110412024 Addittons DisposaL8 148,625 27,714 10,078 158.703 A¢ 3110312023 176,339 10,078 186,417 Depreeiatio BIAYd at 0110412024 C]Jargc for th¢ year Di8posaLs 53,413 ?4,585 3,359 3,359 56,772 ?7,945 At 31103P(Y25 77,998 6,719 84,717 NBV At 31/03125 At 3110312(P4 98,341 101701 101,931 6,719 6. Current assets 2025 2024 Casli at bank 338,728 394,582 7. Creditors: Amounts failing du¢ Thithin on¢ year 2025 2024 Trnde creditors AccruaLs Other crediti Taxation and social securlty 876 ?,615 9,461 1.500 860 3,379 15
WOOLWICH SERVICE USERS PROJE REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 & Anaty8ts ofeharltsble foxds BalAnce at 01-Apr 2024 Balance at 31-Mar 2025 Incomlng OHtgoiDg Fund sourc¢s Trsourres TraLsÈr Unrestrtctsd Funds Core Unrestrictsd Funds Desi8natsd fjmds. RBG 321249 89262 9),880 (22I3C4) 103J13 (14,894) 294,138 74,468 Totsl UDrestrleted F9 411.611 ,880 (237.198) 103J13 368,6CI5 Restiicted Fullts Respite BuJJJi]g refirbtslllllt Asda Foundati AIbert Hunt Trst Art Therapy B&Q Fnda Chwty Ball Conxnmeahh HeS8 GHCF-DeVery Straryl Heahhkr CommuDÉies 67.705 11.457 (820) (63,f5} (2291) 9.16 10266 (102E6) (7,(KK>) iO.(KKJ 5?(Kl iO,(KX) 5) 23236 {270) (3.408) (3,074) (4,155) (1213) {18287) 7229 19J(K) NatKn)al Lottery FUE Total Fuuds 184977 248274 427 476 Restrlcted Winter R¢spkt¢- Th¢ Charity has received £68,5?5 towar(ts the Winter RpIte projecl which includes th¢ purohase of & contsiner UDit for the Clothing Bank £8?0 of d¢prttiation has becn ¢harBd to rcstricted reserves relating to the £4,920 purch. This h&% b¢¢n Cakulat ovcr thc r¢J))ainiog length of the lease. Building rcfiubishment - To date, the Charity bas received $triCted grdnts of £18.330 ro fUrb)sh its premise5. Thcsc 8rants havc been 5PCllt on capitaliscd costs and are being depr¢¢iat¢d over the rcmaining ternE of th¢ l¢ase. B&Q - Fund8 ar¢ for the main hail the[aErUt refurbishmenL creating in¢lwsiv¢ and psychologicalty. ittfomied space for people experiencing and homelessness in Royal Borougb of Greenwich. 16
WOOLWICH SERVICE USERS PROJE STATEMKNT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 Restrlcted ndS (continued) National Lott¢ry - Fun(ts to enable Community Access aDd Support Expansion via ext¢rtdiDg ow open days. ¢nhancing I-t1 and improving data systems. GHCF D¢liv¢ry Strattd - Funds are to employ a Health Coordinator D)le at WSUP for improving health access & wellbeiug c(N)rdinatio De5igDated thnds The cbarity Conducted various refiwbishment works on thc leasehold prcmises whi¢h complctd on ?1 Dccember 2021. These works totall¢d £137.481 of which £18.330 fiuulcd from a rcstrictcd grauL Th¢ trustees felt it was 8ppropriaie lo designat¢ funds to CQVCT th¢ aDJwal depreciation Costs of the remaining balan¢e of leasehold improvements not externalty funde(L As a resull dr¢Giation of £14,894 has b¢en charged against d¢signaled fimds based on the remai length of the le. Transfers b¢twe¢n fvllds A transfer has been mth fi)r £10,266 from th¢ Asda Foundation r¢stricted fund to wmtricl¢il funds. The restrictrd funds Tec¢ived were ed to purchase fixed &sseLs wbichhave i*¢n ¢apitslised within the financial year. The depreciation ¢barge for the current and future years will be charg¢d to unrestricted r¢s¢rves. A transfer was mad¢ ftom the Albert Hunt r¢stricted fund for £7,0110 to unrestricted reserves. The purpose of these fimds was to support the charity with its core Operatio the c05t5 of which are included within w)restricted out80in8 tcsources. The transfrr bas been niade as a contribution towards tbese core costs. A transfcr was mad¢ from the National Lottery r¢stri¢t¢d fund for £19,500 to unrestricfcd r¢serYes. The PU0 of th¢s¢ fimds was to support thc clwity with its op¢rations and allow it to open for moTe service days. the costs of whi¢h are included within UDStrict outgoing resources. The traosfer has been mad¢ as a ¢ontributiontowards ih¢sc cor¢ ¢05ts. A transfer was made from thc Wintcr R¢spit¢ restri¢t¢d for £63,605 to unr¢stri¢ted Ksery¢s, Costs wer¢ in¢utTed to complete thÈs project in the financial year cndillg 31 Mar¢h 2024 howevcr were incorrectty in¢lud¢d Mithin unrestricted funds. This transfer has been nwlc to correctly show th¢ closing fimd balance at 31 March 2025. 17
WOOLWICH SERVICE USERS PROJECT REPORT OF THE TRUSTEES FOR THE PERIOD ENDED 31 MARCH 2025 . Analysls of¢harltsble funds (¢onllnued) An4tysis ofnet assets belween funds Core Unr¢strR¢t¢d Deslgnated R¢strf¢t¢d Fullds Funds Funds Tangible fixed assets C&8h at bank and in hand Oth¢T n¢t ¢UlT¢llt a5s¢tsI(liabilitics) Total 14,787 292.304 (12.953) 294,138 74,468 12,446 46,4?4 101,701 338,728 (12,953) 427,476 74.468 58,870 9. Trnstee expens¢$ During th¢ year, no remuneration or expense5 was paid to any of th¢ Trustees. 10. Staff colts During the year four members of staff were employed by the Charity. Staff Costs for the year amounted to £116,?56 (2024- £43,394). No individual staff w&s patd mor¢ than £60,000 in the year. 11. UltimAte eontrolllng party The Charity is under the control of the Board of Trustees. 12. R¢lat¢d p&rty transactlons Th¢ ¢harity r¢ccived a donation for £1,000 from Max Communi¢ations, in which David Cord¢ry is a director. The charity made paymcnts totalling £14,825 to Dariusz KarWk1 for conwltan¢y s¢Nices provided before being employed as the charity Chief Executive. 18
WOOLWICH SERVICE USERS PROJEcr STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 13. Recollcl]fiadon (tyf nel movem¢nt In funds to net ¢ash Ilow from operatlnx aeti)ryties 2025 2024 Net (defKit) l inc(rtne for the relknll p3rtrJd {as per the SOFA) (63297) Depreciation 27,945 Funds transferTrd upon fomwtk)n Net cashtlow from operating activrties 361,9(KJ 21402 (35,352 14. Oth¢r professional services provided by the lttd¢pendent examlllers Inlsne with many othel businesses of our size and llat we use our independcnt examiners to assist widi th¢ pT¢paralion of th¢ financial stal¢m¢llts 19