## **Trustees’ Annual Report for the period** **From: 1 April 2023 Period start date To: 31 March 2024 Period end date** **Charity name: South Bank and Waterloo Neighbours** ## **Charity registration number: 1189832** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|South Bank and Waterloo Neighbours
exists to monitor and promote how the
South Bank and Waterloo Neighbourhood
Plan is implemented; facilitate liaison
across the community to provide a
balanced voice for the whole community;
and to organise a neighbourhood forum to
improve the social, economic and
environmental wellbeing of the area**.**| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|1. During the financial year 2023-24, the
charity
remained
steadfast
in
its
commitment to delivering activities and
projects
aligned
with
its
charitable
purposes, focusing on enhancing the health,
wellbeing, and quality of life within the local
community.
2. Key activities included the provision of
funding for a range of 'Health and
Wellbeing' grants, prioritizing projects that
offered maximum benefit to the local
community.
These
grants
supported
initiatives designed to improve physical and
mental health, foster social connections,
and create lasting positive impacts.
3. With the formal agreement for the £1
million NCIL to deliver projects within the
Neighbourhood Plan secured early in 2024-
25, the charity has expanded its scope by
engaging in significant projects such as:
4. The Emma Cons Gardens Thursday Events:
Community-focused
events
aimed
at
revitalizing public spaces and encouraging
social interaction.
5. The Waterloo Millennium Green Project: A
transformative initiative to enhance green
spaces,
promoting
environmental
sustainabilityandprovidinga welcoming| |||area for the community to gather and
thrive.
6. These activities reflect the trustees' ongoing
dedication to ensuring that the charity’s
resources are utilized effectively for the
public benefit, in accordance with the
Charity Commission’s guidance.
7. By operating with minimal overheads and
no staffing costs, the charity maximized its
funding impact, ensuring that resources
were directed toward meaningful projects
that align with its mission. The trustees
confirm that they have had due regard to
the Charity Commission’s guidance on
public benefit when planning and delivering
these activities.| |---|---|---| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees confirm that they have had
due regard to the guidance on public
benefit published by the Charity
Commission when exercising their duties
and making decisions regarding the
charity's activities. They are satisfied that
the activities of the charity during the year
have furthered its charitable purposes for
the public benefit as defined under the
Charities Act 2011**.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: ||SORP reference|| |---|---|---| |Policy on grant making|Para 1.38|To promote the Neighbourhood Plan
To identify and support projects which meet
the criteria of the funding body (23/24 GLA
Grow Back Greener and Lambeth Health
and Wellbeing)| |Policy on social investment
including program related
investment|Para 1.38|Policy on Social Investment, Including
Program-Related Investment
The trustees have established a policy on
social investments to ensure that any such
investments align with the charity’s
objectives and purposes. The policy
includes the following key principles:
Alignment with Charitable Purposes: All
social investments, including program-
related investments, must directly further
the charity’s aims or provide financial
returns that contribute to achieving its
charitable objectives.
Due Diligence: Before making any social
investment, the trustees will conduct
thorough due diligence to assess the risks,
expected social and/or financial returns,
and the alignment with the charity’s
mission.| |||Monitoring and Evaluation: The
performance and impact of all social
investments will be reviewed regularly to
ensure continued alignment with the
charity’s objectives.
Ethical Considerations: The trustees are
committed to ensuring that social
investments are ethical and consistent with
the values of the charity**.**| |---|---|---| |Contribution made by
volunteers|Para 1.38|The charity relies entirely on the voluntary
contributions of its trustees, who have
devoted their time, skills, and effort to
manage and carry out the activities of the
charity during the reporting period. The
trustees have not received any
remuneration for their work, in line with the
charity’s governance policies, and their
contributions have been instrumental in
achieving the charity’s objectives.
The trustees acknowledge that their
voluntary efforts have been a key factor in
enabling the charity to continue its work
without incurring significant operational
costs**.**| |Other||| ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|In the financial year 2023-24, the charity
achieved significant milestones that have
made a positive and lasting impact on its
beneficiaries and the wider community.
One of the key achievements was the
provision of funding for various ‘Health and
Wellbeing’ grants, aimed at improving the
physical and mental health of individuals
within the local community. These grants
supported
initiatives
that
addressed
pressing
community needs,
promoting
better health, social engagement, and
overall wellbeing. By funding projects that
offered maximum benefit to local people, the
charity has helped to strengthen community
ties and improve quality of life for a wide
range of individuals.
The charity also successfully secured £1
million
in
funding
for
the
NCIL
Neighbourhood Plan in early 2024-25. This
funding has enabled the charity to engage in| |high-impact projects that will bring long-term| |---| |benefits to the local area, such as:| |The
Emma
Cons
Gardens
Thursday| |Events, which provide a platform for social| |interaction,
health
improvement,
and| |community cohesion.| |The Waterloo Millennium Green Project,| |which has transformed green spaces into| |vital community hubs, enhancing the| |environment and encouraging sustainable| |practices.| |These initiatives not only benefitted the| |immediate
local
population
but
also| |contributed to the broader societal goal of| |building stronger, healthier communities.| |The charity’s work has fostered a greater| |sense of belonging and provided people| |with resources and opportunities to improve| |their lives.| |The trustees are confident that the charity’s| |approach, which focuses on strategic| |funding and local engagement, has led to| |measurable
and
meaningful
changes.| |These achievements reflect the charity's| |ongoing
commitment
to
fulfilling
its| |charitable purposes and generating positive| |outcomes for both beneficiaries and society| |as a whole**.**| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Achievements against
objectives set|Para 1.41|**N/a**| |---|---|---| |Performance of fundraising
activities against objectives
set|Para 1.41|Secured Lambeth LFN, Lambeth Health
and Well Being funding.
Substantial progress on securing future
NCiL and London Eye grant funds (secured
in 24/25)| |Investment performance
against objectives|Para 1.41|**N/a**| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|At the end of the reporting period, the
charity held unrestricted reserves of £7,322
and restricted reserves of £75,750. With no
staffing costs and minimal overheads, the
trustees have ensured that the charity
operates efficiently, maximizing the use of
its resources to further its charitable
objectives.
Additionally, the trustees have successfully
secured funding of £1 million, providing a
strong financial foundation for the charity’s
future activities. Based on this robust
financial position and the secured funding,
the trustees are confident that the charity is
well-placed to continue its work and meet
its objectives in the forthcoming period.
**.**| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The trustees have established a reserves
policy to ensure the financial stability of the
charity and to provide a safeguard against
unforeseen circumstances. At the end of
the reporting period, the charity held
unrestricted reserves of £7,322 and
restricted reserves of £75,750.
The unrestricted reserves are maintained to
cover minimal overheads and any
unexpected expenses that may arise,
ensuring the charity can continue to
operate effectively. The restricted reserves
are allocated to specific projects or
activities in line with donor requirements.
With minimal staffing costs and operational
overheads, the trustees consider the
current level of reserves to be appropriate
for the charity’s needs. In addition, the £1
million in secured funding provides further
assurance that the charity can deliver its
planned activities and remain financially
sustainable. The trustees will continue to
review the reserves policy annually to
ensure it reflects the charity’s financial
position and operational requirements.| |Amount of reserves held|Para 1.22|£7,322| |Reasons for holding zero
reserves|Para 1.22|N/a| |Details of fund materially in
deficit|Para 1.24|N/a| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|N/a| **Additional information (optional)** You may choose to include further statements where relevant about: |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|Residual amount from previous year for
general funds.
GLA Grow Back Greener Fund
LB of Lambeth Forum Network| |---|---|---| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|No investments held| |A description of the principal
risks facing the charity|Para 1.46|The trustees have reviewed the key risks
facing the charity and are confident that
measures are in place to manage these
effectively. The principal risks identified
include:
Dependence on Secured Funding: While
the charity has secured £1 million in
funding, the trustees recognize the
importance of effectively managing these
funds to ensure sustainability and deliver
intended outcomes. To mitigate this risk,
the trustees regularly monitor spending and
evaluate project progress to ensure funds
are used efficiently.
Minimal Reserves: The unrestricted
reserves of £7,322, while sufficient for
current needs given the charity’s minimal
overheads and no staffing costs, represent
a potential risk if unexpected expenses
arise. The trustees manage this risk by
maintaining prudent financial oversight and
seeking opportunities to increase
unrestricted reserves where possible.
Restricted Fund Obligations: The charity
holds restricted reserves of £75,750, which
are allocated to specific purposes. A failure
to meet the associated obligations could
impact the charity’s reputation and financial
standing. The trustees mitigate this by
ensuring restricted funds are spent in
accordance with donor requirements and
maintaining clear reporting practices.| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|Charity commission CIO model document
adapted| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|CIO| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|See constitution| ## **Additional information (optional)** You may choose to include further statements where relevant about: |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|None| |---|---|---| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|Chair, Secretary and Treasurer| |Relationship with any
related parties|Para 1.51|None| |Other||| ## **Reference and Administrative details** |Charity name|**South Bank and Waterloo Neighbours**| |---|---| |Other name the charity uses|SoWN| |Registered charity number|1189832| |Charity’s principal address|91 Walpole House, 126 Westminster Bridge Road, SE1 7UN| ||| ## **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year**|**Name of person (or**
**body) entitled to**
**appoint trustee (ifany)**| |---|---|---|---|---| ||Michael John
Langley||Resigned 12th
September 2024|| ||Maximilian Weiner|Treasurer||| ||Michael Van
William Johnson|||| ||Hannah Quigley||Resigned 12th
September 2024|| ||Carmelita Lee|||| ||Suat Binkaya|||| ||David William
Richard Clarson|Secretary||| ||Rev Giles William
Goddard|Chair||| ||Bushra Iqbal||Appointed 12Th
September 2024|| ||Liz Sillett||Appointed 12th
September 2024|| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name None** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year **|| |---|---|---| |**N/a**||| |||| |||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|None| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|N/A| Details of arrangements for safe custody and segregation of such assets from the charity's own assets NIA Additional infonnation {optionall Namos and addressa$ of advi$•r5 (Optlonal infomiation} Type of Name Address adviser Indepèndent Examlner Mohammad Ali- Skyleaf 106 Covgntry Road. Ilford. IG1 4RG Name of Chief executive or names of senior staff mernbers Ioptional information) None Exemptions from disclosure Reason for non-disclosure of ke ersonnel details NIA Other o NIA tional information Declarations The trustees declare that they have approved the trustees. report above. Signed on behalf of tho charity's truste0$ Signature{s) La.. CLL Full namelsl Rev Giles William Goddard Maximilian Vveiner David William Richard Clarson Position Chair Treasurer Secretary Date 7.1.25 04101125 7.1.25 ## **Southbank and Waterloo Neighbours** ## **Report of the Independent Examiner to the Trustees of the charity on the accounts for the year ended 31 March 2024** I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 March 2024 which are set out on pages 2 to 7. ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: - 1.accounting records were not kept in respect of the charity as required by section 130 of the Act; or - 2.the accounts do not accord with those records; or 3. the accounts do not comply with the applicable 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 **----- Start of picture text -----**
Signed:-
**----- End of picture text -----**
## **Mohammad Ali - Independent Examiner** Chartered Certified Accountant 106 Coventry Road Ilford Essex IG1 4RG > This report was signed on 07 January 2025 1 ## **Southbank and Waterloo Neighbours - Statement of Financial Activities for the year ended 31 March 2024** |**Unrestricted**
**Funds**
**Notes**
**2024**
**£**
**Income & Endowments from:**
Donations & Legacies
6
-
**Expenditure on:**
Charitable activities
7
3,759
**Total expenditure**
**3,759**
**Net income for the year**
**(3,759)**
**Net income after transfers**
**(3,759)**
**(3,759)**
**Reconciliation of funds:-**
**Total funds brought forward**
11,081
**Total funds carried forward**
**7,322**
**Net movement in funds**|**Restricted**
**Funds**
**2024**
**£**
66,750
4,500
**4,500**
**62,250**
**62,250**
**62,250**
13,500
**75,750**|**Total Funds**
**2024**
**£**
**66,750**
**8,259**
**8,259**
**58,491**
**58,491**
**58,491**
**24,581**
**83,072**|**Total Funds**
**2023**
**£**
13,800
4,887| |---|---|---|---| ||||**4,887**| ||||| ||||**8,913**| ||||**8,913**| ||||**8,913**
15,668| ||||**24,581**| A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses. All activities derive from continuing operations ## **The notes attached form an integral part of these accounts.** 2 ## **Southbank and Waterloo Neighbours - Balance Sheet as at 31 March 2024** |**Notes**
**Current assets**
Debtors
4
Cash at bank and in hand
**Total current assets**
**Creditors: amounts falling due within one**
**year**
5
**Net current assets**
**The total net assets of the charity**|**2024**
£
108
63,364
83,472
(400)
83,072
**83,072**|24,561
24,581
2023
£
24,581
**24,581**| |---|---|---| **The total net assets of the charity are funded by the funds of the charity, as follows:-** |**Restricted funds**
Restricted Revenue Funds
**Unrestricted Funds**
Unrestricted Revenue Funds
**Total charity funds**
6
6
75,750
75,750
7,322
7,322
**83,072**
13,500
11,081|13,500
11,081| |---|---| ||**24,581**| The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts. The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies regime. **----- Start of picture text -----**
Rev Giles WIiiiam Goddard
Chair
Maximilian Weiner
Treasurer
David William Richard Clarson Secretary ---��� [:] ��d---C- [�"] ' . c-' l-n� ---------
**----- End of picture text -----**
Approved by the board of trustees on ## 7 January 2025 The notes attached form an Integral part of these accounts. 3 ## **Southbank and Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2024** ## **1 Accounting policies** ## _**Policies relating to the production of the accounts.**_ ## **Basis of preparation and accounting convention** The financial statements have been prepared on the accruals basis, under the historical cost convention, in accordance with Financial Reporting Standard 102 (FRS 102), effective from 1 January 2016, and the SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to accounting periods beginning on or after 1 January 2019. The SORP has been issued by the Charity Commission for England and Wales (CCEW). The charity has prepared its accounts in accordance with the SORP 2019, in preference to the previously applicable SORP 2005, which has now been withdrawn. Although the Charities (Accounts and Reports) Regulations 2008 still refer to the SORP 2005, this financial statement has been prepared in accordance with the SORP 2019 to reflect current best practice. ## **Going Concern** The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. ## **Public benefit entity** The charity is a public benefit entity, with activities carried out for the public good. ## **Income recognition** Income, whether from exchange or non exchange transactions, is recognised in the statement of financial activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the charity’s assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is probable and can be measured reliably. Income subject to terms and conditions which must be met before the charity is entitled to the resources is not recognised until the conditions have been met. Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. All income is accounted for gross, before deducting any related fees or costs. 4 ## **Southbank and Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2024** ## **Recognition of liabilities and expenditure** A liability, and the related expenditure, is recognised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefits will be required in settlement, and when the amount of the obligation can be measured or reliably estimated.. Liabilities arising from future funding commitments and constructive obligations, including performance related grants, where the timing or the amount of the future expenditure required to settle the obligation are uncertain, give rise to a provision in the accounts, which is reviewed at the accounting year end. The provision is increased to reflect any increases in liabilities, and is decreased by the utilisation of any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities to which the provision relates. ## **2 Liability to taxation** The Trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 for UK corporation tax purposes. ## **3 Fund Accounting** Fund Accounting The charity’s funds are classified as follows: ## Unrestricted Funds These are funds that can be used at the discretion of the Trustees in furtherance of the objectives of the charity. Unrestricted funds may also be designated by the Trustees for specific purposes. Restricted Funds These are funds that have been received for specific purposes, which are defined by the donor or through the terms of an appeal. The funds can only be used for those purposes. ## **4 Debtors** |Prepayments and accrued income
**5 Creditors: amounts falling due within one year**
Accruals|**2024**
**£**
108|**2023**
**£**
-| |---|---|---| |||| |||| ||**2024**
**£**
400|**2023**
**£**
-| ## **6 Particulars of how funds are represented by assets and liabilities** |**At 31 March 2024**
Current Assets
Current Liabilities|**Unrestricted**
**funds**
**£**
7,722
(400)|**Designated**
**funds**
**£**
-|**Restricted**
**funds**
**£**
75,750
-|**Total**
**Funds**
**£**
**83,472**
**(400)**| |---|---|---|---|---| ||**7,322**|**-**|**75,750**|**83,072**| 5 ## **Southbank and Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2024** |**At 1 April 2023**
Current Assets|**Unrestricted**
**funds**
**£**
11,081|**Designated**
**funds**
**£**
-|**Restricted**
**funds**
**£**
13,500|**Total**
**Funds**
**£**
**24,581**| |---|---|---|---|---| ||**11,081**|**-**|**13,500**|**24,581**| ## **5 Funds** The income funds of the charity include restricted and unrestricted funds comprising the |**Restricted Funds**
Greater London Authority
Grow Back Greener Fund grant
LFN (Clapham Park Project)
Health & Wellbeing
**Total Restricted Funds**
**Unrestricted funds:**
**General funds**
**Total funds**|**At 1 April**
**2023**
**£**
**13,500**
-
-
**13,500**
**11,081**
**24,581**|**Incoming**
**£**
6,750
5,000
55,000|**Outgoing**
**£**
**-**
**(1,500)**
**(3,000)**|**Transfer**
**between funds**
**£**
**-**
**-**|
**At 31 March**
**2024**
**£**
20,250
3,500
52,000| |---|---|---|---|---|---| |||**66,750**|**(4,500)**|**-**|**75,750**| ||||**(3,759)**||**7,322**| |||**66,750**|**(8,259)**|**-**|**83,072**| **The purposes for which the funds as detailed in note are held by the charity are:-** ## _**Unrestricted and designated funds:-**_ Unrestricted Revenue Funds These funds are held for the meeting the objectives of the charity, and to provide reserves for future activities. They are free from all restrictions on their use. ## _**Restricted funds:-**_ Restricted Revaluation Reserve Greater London Authority Grow Back Greener Fund grant LFN (Clapham Park Project) Health & Wellbeing Community projects to plant trees to provide shade, create and enhance green space and increase climate resilience. Growing local partnerships and improving inclusion and diversity Make small grants for health and wellbeing in the South Bank and Waterloo area. 6 ## **Southbank and Waterloo Neighbours** ## **Notes to the Accounts for the year ended 31 March 2024** ## **6 Donations, Grants and Legacies** |**7 Expenditure**
Independent Examiner's fees
Meeting- AGM and steering
Group
Greater London Authority
Grow Back Greener Fund grant
LFN (Clapham Park Project)
**Revenue grants from government and**
**public bodies**
Health & Wellbeing
Clapham Park Hustings
**Total public sector revenue grants**
Neighbourhood environmental impact
Marketing and advertising of charitable
services
It and web hosting
Management Fees
Bank charges|**Unrestricted**
**Funds**
**2024**
**£**
-
-
-
-|**Restricted**
**Funds**
**2024**
**£**
6,750
5,000
55,000
-|**Total Funds**
**2024**
**£**
**6,750**
**5,000**
**55,000**
**-**
**66,750**
**Total Funds**
**2024**
**£**
**3,151**
**1,500**
**1,207**
**450**
**156**
**400**
**1,395**|**Total Funds**
**2023**
**£**
13,500
-
-
300| |---|---|---|---|---| ||**-**|**66,750**||**13,800**| ||**Unrestricted**
**Funds**
**2024**
**£**
151
-
1,207
450
156
400
1,395|**Restricted**
**Funds**
**2024**
**£**
3,000
1,500
-
-
-
-
-||**Total Funds**
**2023**
**£**
**-**
**-**
**835**
**3,722**
**-**
**-**
**330**| ||**3,759**|**4,500**|**8,259**|**4,887**| |||||| ## **7 Employees** The charity had no employees during the year. As a result, no employee-related costs, such as salaries or social security contributions, have not been incurred ## **8 Related Party Transactions** The charity had no transactions with related parties.There were no transactions or balances with trustees, key management personnel, or any other related parties 23/24:Nil (22/23:Nil). 7