Clwity Number. 1175999
WOOLWICH SERVICE USERS PROJECT
ANNUAL REPORT AND FJF4AIWICIAL sTATEME1￿s
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 W￿f0[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

WOoL￿CH SERVICE USERS PROJEC
REPORT OF THE TRusfEF
FOR THE YEAR ENDED 31 MARCH 2025
The Tr￿teeS 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, I￿ndOn 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 Tr￿ste¢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 a￿1 commenced clwitable 8Ctivities from
this dalc.
The ch￿iD¢S Act 2011 creates the basi¢ legal framework for the CIO and the governing d(Kimienf is
th¢ Charities CoMmi￿10M 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 admI￿1rdI10ll 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 o￿TatiOnal
framework. Each Trustee then undcrthkcs a six-month observation period prior to fonnal appoinlmenL
subject to satisfactory pcrfonDanc¢.
Ongoing training and deVelopn￿rf 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¢ Identif￿d.
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 n￿kIng
The Charity has ryJw¢r th do an)Yhing wbicb i8 calculated to fi￿ther 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 conn￿d 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¢￿10￿21 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 tr￿st art perniitted to th) by the TTh￿te Act ?000.
Rtsk management
The Tn￿te¢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 ￿tin￿telY ¢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. Kindn￿8- We offer meati1n￿ support ¢att and hutnanity.
7. Professionalism- We act with Inte￿Ity. 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
sUp￿rtIve ¢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 rn￿10￿ 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 COMMI￿10
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 reSp0Ew￿ll1u¢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¢￿'t￿g 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 uS￿S 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 SUp￿￿LSory1Lnana8¢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$tri¢ted reserve of £368,606 at the year
Th¢ prin¢ipl¢ fundAn8 sour¢¢ is donations from the public, lo￿1 business contributions and grants.
Significant ￿ants received during the period include:
National Lott¢ry Fund £19,500
GHFC- Deltvery sts'and £23,236
B&Q Foundation £10,000
ASDA foundation £10,266
Healthier Communities £7,066
Albert Hunt Tlvst £7,(M)O
Mind £3,294
The l¢ga¢y gift of £360,000, i'¢¢eived in the previous financial year has enabled us to recruit additional
staff and expattd our services to r¢4ch more people in need. This gen￿'ou$ contribution has Si￿lfi¢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 Kar￿a￿ to strengthen strat¢gic l¢ad¢rnhip and diredion.
Upgrad￿1 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 2￿25r26 ar¢:
Building ll￿n the stron8 found*ioD5 ¢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 prOgr￿C establish systems for
tracking its impacL'
Establith a formal Risk Reg￿ter 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 sP￿e 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¢lld￿t Mod¢rn Slavw Advisor (¢ommunity.based floating
Support model) as identified in our Pivot HO￿ feasibility study
Achieve tnvesting in Volunteers national accreditatiOJL

WOoL￿CH 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 fu￿￿la1 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 sU￿lUS or Lkficit of the Charity for that
period. Th¢ I'rusl¢es ar¢ r¢sponsibl¢ for pr¢pariiig the Tnjstees Reporl a￿d 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¢ ji￿geMentS 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
aCCur￿Y 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 n￿intain 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 ¢xamlt￿tiQll. 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 Ind￿C￿d¢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 i￿oMe
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 recogni￿1 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
Ta￿k 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
Unrestr*t¢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

WOoL￿CH 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)rll￿as¢ 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 0￿ratIOn office is 107 Brookhxll Road, WoolM'jc￿ Londo￿ SE18
6BJ.
b. Ba518 of preparatlon and ￿Se¥S￿e￿t ofgolllg ¢oncern
The ac¢owits havc b¢eD p￿pared 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 fi￿CtIOnal currency of the clwity. Monetsry
amoiints in these ruw￿121 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 f￿￿ela1 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 a￿OuntIng periods are deferred until those
periods,
d. Expenditure and Irrecoverable VAT
Resources expended are r¢eognis¢d on an a¢¢n￿lS 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 expendi￿re 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 PRo￿￿r
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, f￿￿lee and govcmallce costs which support
the Charity's ￿LIVI¢1¢$. 11]c5e costs havc b¢¥n allocat¢d to exp¢nditwr on charl￿ble activiti¢s.
h. Fund aeeountlng
Unrestricted funds ar¢ donations and oth¢r incoming r¢soiu¢¢s t￿t[Vable or g¢neratcd for the objects of
th¢ Charity withoiit further specificd pwyos¥ llrc availablc as 8en¢ral fund8,
Dcsignatcd fijnds are unrestrictcd fi￿d8 carmarked by the truste¢s for a particul&r purpose a8 indicated at
the time that the funds are reeeiv¢d.
Restricted funds are funds made to the ch￿'Ity which arc to be iised in accoi'dance with spccific Irstriction5
imposed by donors. The cost of raisi1)8 l￿d admiiiislerins sucli tunds arc char8ed against die specific
fund.
I. FIDan¢lal Ingtyllments
The Charity only has fin8n¢ial ass¢ts and liabilities of a kind that qualify as basi¢ financial instruments.
Basic fii)ancial instnunents ate inifialty r¢cogniscd at transaction valuc and subsequently measured ar
th¢ir s¢ttl¢m¢nt value,
2. Crltlcal Aecounting estlm*tM and Jud8¢m¢nts
In the 8ppli¥ation of the Cbarity's a¢¢ounting polici¢s, the Thistees required to make judg¢m¢nts,
¢StimatC5 and assumptions about thc carryin8 amount of 8S$¢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. R￿lSIonS 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 p￿10d of the TWiSiQll future periods where the r￿lsiOn 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
Le￿1 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 Er￿DED 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 31/0312￿5
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 F￿￿￿9
411.611
,880 (237.198) 103J13 368,6CI5
Restiicted Fullts
Respite
BuJJJi]g refirbtslll￿llt
Asda Foundati
AIbert Hunt Tr￿st
Art Therapy
B&Q F￿nda
Chwty Ball
Conxnmeahh He￿S￿8
GHCF-De￿Very Straryl
Heahhkr CommuDÉies
67.705
11.457
(820) (63,f￿5}
(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 R￿pIte 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-t￿1 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 d￿r¢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
PU￿0￿ 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 UD￿Strict￿ 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 KarW￿k1 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