COMPANY REGISTRATION NUMBER: 12137089 CHARITY REGISTRATION NUMBER: 1191366
Blackwall Reach Trust
Company Limited by Guarantee
Unaudited Financial Statements
31 January 2025
Blackwall Reach Trust
Company Limited by Guarantee
Financial Statements
Year ended 31 January 2025
| Page | |
|---|---|
| Trustees' annual report (incorporating the director's report) | 1 |
| Independent examiner's report to the trustees | 8 |
| Statement of financial activities (including income and | |
| expenditure account) | 9 |
| Statement of financial position | 10 |
| Statement of cash flows | 11 |
| Notes to the financial statements | 12 |
Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2025.
Reference and administrative details
Registered charity name Blackwall Reach Trust Charity registration number 1191366 Company registration number 12137089 Principal office and registered 6 Trull Farm Buildings office Tetbury Gloucestershire GL8 8SQ The trustees Karen Swift Ian Haworth Nasima Bibi (Resigned 4 March 2025) Tracey Argent (Resigned 6 November 2024) Mary Monica Frost Stefanie Turton (Appointed 14 March 2024) Hasina Chand (Appointed 6 November 2024) Fola Ademoye (Appointed 4 March 2025) Simon Clennell-Jones (Appointed 4 March 2025) Independent Examiner Stephen Jones 132 Burnt Ash Road Lee London SE12 8PU Accountants Trust Accounting Limited 6 Trull Farm Buildings Trull, Tetbury Gloucestershire GL8 8SQ Bankers CAF Bank 25 Kings Hill Avenue West Malling Kent ME19 4TA Grant administrators The Trust Partnership (Foundations) Ltd 6 Trull Farm Buildings Trull, Tetbury Gloucestershire GL8 8SQ
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
Structure, governance and management
Blackwall Reach Trust (the company) is a charitable company, limited by guarantee (company number 12137089), registered in England and Wales. It was incorporated on 2 August 2019 and remained dormant until the bank account was opened in September 2021 and monies that had been held by both London Borough of Tower Hamlets and SWAN Housing Association were transferred on 5 and 10 November 2021 respectively. It is governed by the Articles of Association adopted on incorporation (as amended 9 January 2024).
The charity was registered under the Charities Act 2011, Charity Registration Number 1191366 on 21 September 2020.
Trustees
The names of the trustees who were in place on 31 January 2025 together with subsequent appointments up to the date of approval of these accounts are set out as part of the reference and administrative details on page 1 of this annual report and accounts. The governing document allows for a maximum of ten Trustees:
Two individuals (each a ' Resident Trustee ') who are residents of Blackwall Reach.
Two individuals (each a ' Co-opted Trustee ') who live or work within the London Borough of Tower Hamlets, who have been identified by the Board as having skills which will benefit the Charity.
Six individuals (each a ' Nominated Trustee' ) nominated by the following Nominating Bodies:
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Two individuals who are employees of, and nominated by, the London Borough of Tower Hamlets;
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Up to two appointees of Sanctuary Housing Association Ltd or one of the entities in its Group (‘the Sanctuary Group’) who must each be employed by the Sanctuary Group (a Sanctuary director);
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One individual who is either an employee of Woolmore Primary School or a member of its Board of Governors, and who is nominated by its Board of Governors; and
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Following the end of the period identified in Article 6.6 and not before, one individual who is a resident of Blackwall Reach and nominated by the Blackwall Reach Estates Residents' Board.
The power of appointing new trustees is vested in the trustees. The trustees do not receive any remuneration. Trustees are required to disclose all relevant interests and withdraw from decisions where a conflict of interest arises.
The trustees held a full board meeting three times during the year and an Annual General Meeting.
The trustees hold ultimate responsibility for the policies, activities and assets of the charity. The trustees agree the broad strategy of the charity, review and confirm policy decisions, review proposals, approve grants, assess and discuss grant-holder performance reports and discuss financial and investment issues and performance.
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
Trustees keep the skill requirements of the Trustee body under review and seek to address any skill shortages upon vacancies. Trustees are inducted and training offered where necessary.
When necessary, the trustees seek advice and support from professional advisors, including legal advisors and auditors. The Trust receives funds as each phase of new redevelopment of Blackwall Reach Estate is completed. There is also an annual principle rent payment made, drawn from a service charge which all leaseholders who have purchased on the Blackwall Reach Estate have to pay annually. All monies are paid into its bank account at CAF Bank which it then uses to make grants and to cover its administrative costs.
The Trustees are also the Directors of ‘the Company’ and, under the terms of its Articles, every Member promises, if the Charity is dissolved while he or she remains a member, or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charity while he or she was a member.
Key management
The Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. The day-to-day management and operation of the charity has been supported by The Trust Partnership which has provided administrative, secretarial and bookkeeping support, including trustees’ policy statements and risk management procedures. This has increased efficiency and allowed the charity to maintain cost-effective operations. Where appropriate, advice is also taken from the charity’s auditor, legal and other professional advisors.
Objectives and activities
The Objects of the Trust are to provide the open space, known as Robin Hood Millenium Green, for the Blackwall Reach community and members of the public for recreation and social welfare purposes and to benefit the community of Blackwall reach through charitable activities.
The Charity’s Statement of Aims provides Trustees with guidance on how they may wish to further the Objects set out in the Articles of Association:
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Make a substantial contribution to the life of the whole community at Blackwall Reach;
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Be able to be enjoyed by people of all ages and physical abilities;
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Be open to visitors to Blackwall Reach as well as Blackwall Reach residents;
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Be an attractive place for people to take air and exercise, meet others and pursue leisure activities and pastimes consistent with shared enjoyment of the whole of the Robin Hood Millennium Green;
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Be used for community events and celebrations; and make a positive contribution to the local environment.
The Articles define Blackwall Reach as a specific geographical area within which grant applications must demonstrate benefit.
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
Public benefit
The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charities aims and objectives, managing the charities assets and considering applications for financial assistance.
Grant-making policy and aims
Following registration with the Charity Commission, the Trustees of the Charity introduced a grantmaking policy on the 29 January 2020. The purpose of the grant-making policy is to outline the principles and procedures to which Trustees must adhere in making grants of its funds in furtherance of its charitable purposes. Ensuring that each grant is made in furtherance of a charitable purpose that offers an identifiable benefit to the public or a significant section of the public and due diligence steps are followed. This policy is regularly reviewed by the board.
There are five grant categories (one of which was introduced during the year and known as the Crisis Fund).
Give it a Go. A maximum award of £500 available to individuals to initiate new and innovative community projects where there is currently an unmet need.
Helping Hand. A maximum award of £500 specifically available to family households claiming Universal Credit to enable participation in a leisure or sporting activity which supports the child’s personal development. A third party referral is required.
Grants to Organisations. A maximum award of £20,000 available to fully constituted groups and organisations delivering beneficial community projects.
The Big Project Fund. Awards between £20,000 and £50,000 for a 1 year or 2 year project applied for by a fully constituted group with a track record of project delivery.
Crisis Fund. This fund was introduced in 2024 in response to the cost of living crisis. Any member of the Blackwall Reach community may apply for essential household items or clothing. Awards are anticipated of £250 but could increase to a maximum of £500 depending on the circumstances.
Achievements and performance
During the year ended 31 January 2025, two grants were awarded (2024: 3) for £40,000 (2024: £4,567).
The Osmani Trust was awarded £20,000 in March 2024 to provide youth and community sessions ranging from workshops, courses, clubs and excursions for young people in the Blackwall Reach community. The service is available to all but targeted at those involved in gangs or youth offending. The service consists of 50 youth club sessions, 10 workshops, 2 courses and 2 community events connecting with 148 young people and includes the recruitment of two volunteers. Of those attending, 26 young people have successfully applied for jobs, 3 have started apprenticeships and 14 have
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
returned to employment.
The London Tigers was awarded £20,000 in March 2024 for a Holiday School Camp consisting of a series of holiday programmes during school holidays. A total of 29 days was provided and activities included arts and crafts, sports, and board games. An average of 40 children attended each day. Hot meals were provided. Outcomes included a positive impact from social engagement, reduction in isolation, new skills were learned and confidence improved. Individual mentoring provided one-toone skills for resilience and peer-group challenges. New family relationships and connections were formed.
----- Start of picture text -----
London Tigers:
“Your efforts have made a
significant positive impact…by
providing a safe and engaging
place (for my children) to be”.
“These are much-needed
programmes”.
----- End of picture text -----
----- Start of picture text -----
London Tigers:
“Thank you so much for
running the camp…my son
can now deal with an
emergency first aid situation”.
“The children thrive”.
----- End of picture text -----
At the AGM in November, attendees were asked to complete a survey of seven questions designed to establish areas of improvement for the Trust. All those participating wished to learn more about the Trust and many requested greater involvement of the Trust with the community. Since the AGM, two additional resident trustees have been appointed and future meetings will consider how to achieve greater community engagement for this relatively new charity.
Financial review
Results for the year
A summary of the results for the year can be found on page 9 of this report and accounts.
During the year, total income amounted to £36,927 (2024: £28,645).
During the year, total expenditure amounted to £52,715 (2024: £24,217). Grants amounting to £40,000 (2024: £4,567) were awarded during the year and £12,715 (2024: £19,650) was spent on administration and governance costs.
This results in net expenditure during the year of £15,788 (2024: net income £4,428).
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
Reserves policy and financial position
Reserves policy
The trustees' policy is to operate on the basis of having sufficient income to use towards meeting their charitable objects and to accord with their principal aims. The trustees are of the opinion that the charity's funds as at 31 January 2025 together with anticipated contributions from the annual principle rent charge, remain sufficient to enable them to continue this ongoing objective. Income is also derived from the leasehold sale of properties, but no sum has been received during this financial year.
The charity has sufficient, but not excessive, funds to maintain its anticipated level of charitable distributions.
Going Concern
The accounts have been prepared on a going concerns basis. Given the level of reserves the trustees are confident that the charity will remain a going concern.
Financial position
The balance sheet shows total funds of £381,159 (2024: 396,947). The unrestricted fund comprises amounts which ultimately are free reserves, but which are held by the trustees. The size of the unrestricted fund sustains and supports the level of donations which the trustees wish to make over time. The trustees consider free reserves to be adequate but not excessive in the light of the charity's reserves policy set out above.
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Blackwall Reach Trust
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 January 2025
Plans for the future
The Trustees keep the findings from the commissioned Blackwall Reach community needs survey under review, in order to ensure that they continue to fulfil their mission statement and objectives.
In the next twelve months, Trustees plan to:
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Increase grant-giving by advertising more widely within the Estate
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Increase local representation on the trustee board
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Increase community engagement
Trustees will continue their work to improve awareness of the Trust and the funds available for organisations and individuals.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 1 July 2025 and signed on behalf of the board of trustees by:
Ian Haworth Karen Swift Trustee Trustee
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Blackwall Reach Trust
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Blackwall Reach Trust
Year ended 31 January 2025
I report to the trustees on my examination of the financial statements of Blackwall Reach Trust ('the charity') for the year ended 31 January 2025.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
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accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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the financial statements do not accord with those records; or
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the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
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the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Stephen Jones 8 August 2025 Independent Examiner
132 Burnt Ash Road Lee London SE12 8PU
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Blackwall Reach Trust
Company Limited by Guarantee
Statement of Financial Activities (including income and expenditure account)
Year ended 31 January 2025
| 2025 | 2024 | |||
|---|---|---|---|---|
| Unrestricted | ||||
| funds Total funds | Total funds | |||
| Note | £ |
£ | £ | |
| Income and endowments | ||||
| Principle rents | 5 | 31,470 |
31,470 | 27,777 |
| Investment income | 6 | 5,457 |
5,457 | 868 |
| -------------------------------- | -------------------------------- | -------------------------------------- | ||
| Total income | 36,927 | 36,927 | 28,645 | |
| ================================ | ================================ | ==================================== | ||
| Expenditure | ||||
| Expenditure on charitable activities | 7 | 52,715 |
52,715 | 24,217 |
| -------------------------------- | -------------------------------- | ------------------------------------ | ||
| Total expenditure | 52,715 | 52,715 | 24,217 | |
| ================================ | ================================ | ================================== | ||
| -------------------------------- | -------------------------------- | ------------------------------------- | ||
| Net (expenditure) / income and net movement in funds | (15,788) | (15,788) | 4,428 | |
| ================================ | ================================ | =================================== | ||
| Reconciliation of funds | ||||
| Total funds brought forward | 396,947 | 396,947 | 392,519 | |
| -------------------------------------- | ------------------------------------- | ------------------------------------- | ||
| Total funds carried forward | 381,159 | 381,159 | 396,947 | |
| ==================================== | ==================================== | ==================================== |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 16 form part of these financial statements.
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Blackwall Reach Trust
Company Limited by Guarantee
Statement of Financial Position
31 January 2025
| 2025 | 2024 | ||
|---|---|---|---|
| Note | £ | £ | |
| Current assets | |||
| Debtors | 12 | 55,785 | 29,314 |
| Cash at bank and in hand | 377,794 | 400,300 | |
| -------------------------------------- | -------------------------------------- | ||
| 433,579 | 429,614 | ||
| Creditors: amounts falling due within one year | 13 | 52,420 | 32,667 |
| ------------------------------------- | -------------------------------------- | ||
| Net current assets | 381,159 | 396,947 | |
| -------------------------------------- | ------------------------------------ | ||
| Total assets less current liabilities | 381,159 | 396,947 | |
| -------------------------------------- | ------------------------------------- | ||
| Net assets | 381,159 | 396,947 | |
| ==================================== | =================================== | ||
| Funds of the charity | |||
| Unrestricted funds | 381,159 | 396,947 | |
| ------------------------------------- | ------------------------------------- | ||
| Total charity funds | 14 | 381,159 =================================== |
396,947 =================================== |
For the year ending 31 January 2025 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 1st July 2025, and are signed on behalf of the board by:
Ian Haworth Trustee
Karen Swift Trustee
The notes on pages 12 to 16 form part of these financial statements.
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Blackwall Reach Trust
Company Limited by Guarantee
Statement of Cash Flows
Year ended 31 January 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities | ||
| Net (expenditure) / income | (15,788) | 4,428 |
| Adjustments for: | ||
| Interest receivable and similar | ||
| income | (5,457) | (868) |
| Accrued expenses | 18,880 | (48,527) |
| Changes in: | ||
| Trade and other debtors | (26,471) | (29,314) |
| Trade and other creditors | 873 | (8,350) |
| ------------------------------------- | ------------------------------------------- | |
| Cash generated from operations | (27,963) | (82,631) |
| Interest received | 5,457 | 868 |
| ------------------------------------- | ---------------------------------------- | |
| Net cash (expended) in operating activities | (22,506) | (81,763) |
| ==================================== | ======================================= | |
| Net (decrease) in cash and cash equivalents | (22,506) | (81,763) |
| Cash and cash equivalents at beginning of year | 400,300 | 482,063 |
| -------------------------------------- | --------------------------------------- | |
| Cash and cash equivalents at end of year | 377,794 | 400,300 |
| ===================================== | ====================================== |
The notes on pages 12 to 16 form part of these financial statements.
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Blackwall Reach Trust
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 January 2025
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 6 Trull Farm Buildings, Trull, Tetbury, Gloucestershire, GL8 8SQ.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
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Blackwall Reach Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2025
3. Accounting policies (continued)
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.
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legacy income is recognised when receipt is probable and entitlement is established.
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income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
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expenditure on raising funds includes the costs of all fundraising activities, events, noncharitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
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other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.
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Blackwall Reach Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2025
3. Accounting policies (continued)
Financial instruments (continued)
Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.
Debt instruments are subsequently measured at amortised cost.
Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.
Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Limited by guarantee
The liability of members is limited.
Under the terms of its Articles, every Member promises, if the Charity is dissolved while he or she remains a member, or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charity while he or she was a member.
5. Other trading activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | |
| £ | £ | £ | £ | |
| Principle rents | 31,470 | 31,470 | 27,777 | 27,777 |
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Blackwall Reach Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2025
6. Interest income
Interest on cash deposits
| Unrestricted | Total Funds | Unrestricted | Total Funds |
|---|---|---|---|
| Funds | 2025 | Funds | 2024 |
| £ | £ | £ | £ |
| 5,457 | 5,457 | 868 | 868 |
7. Expenditure on charitable activities by fund type
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2025 | Funds | 2024 | ||
| £ | £ | £ | £ | ||
| Grants | 40,000 | 40,000 | 4,567 | 4,567 | |
| Support costs (see note 8) | 12,715 | 12,715 | 19,650 | 19,650 | |
| -------------------------------- | -------------------------------- | -------------------------------- | -------------------------------- | ||
| 52,715 | 52,715 | 24,217 | 24,217 | ||
| 8. | Support and governance costs | ||||
| Support | Total funds | Total funds | |||
| costs | 2025 | 2024 | |||
| £ | £ | £ | |||
| Trust and financial administration | 10,848 | 10,848 | 17,805 | ||
| Other costs | 497 | 497 | 218 | ||
| Governance costs | 1,370 | 1,370 | 1,627 | ||
| -------------------------------- | ------------------------------- | ------------------------------ | |||
| 12,715 | 12,715 | 19,650 |
8. Support and governance costs
9. Independent examination fees
Fees payable to the independent examiner for: Independent examination of the financial statements
| 2025 | 2024 |
|---|---|
| £ | £ |
| 960 | 960 |
10. Staff costs
The Charity considers its key management personnel to the Trustees. There were no employees in the charity in 2025 or 2024.
11. Trustee remuneration and expenses
No Trustee received any remuneration from the charity nor were reimbursed any expenses during the year (2024: nil).
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Blackwall Reach Trust
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2025
| 12. | Debtors | ||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade debtors | 55,185 | 29,314 | |||
| Accrued income | 600 | - | |||
| ----------------------------------- | -------------------------------------- | ||||
| 55,785 | 29,314 | ||||
| 13. | Creditors: amounts falling due within | one year | |||
| 2025 | 2024 | ||||
| £ | £ | ||||
| Trade creditors | 873 | - | |||
| Accruals and deferred income | 51,547 | 32,667 | |||
| ------------------------------- | -------------------------------- | ||||
| 52,420 | 32,667 | ||||
| 14. | Analysis of charitable funds | ||||
| Unrestricted funds | |||||
| At | At | ||||
| 1 February | 31 January | ||||
| 2024 | Income | Expenditure | 2025 | ||
| £ | £ | £ | £ | ||
| General funds | 396,947 | 36,927 | (52,715) | 381,159 |
|
| At | At | ||||
| 1 February | 31 January | ||||
| 2023 | Income | Expenditure | 2024 | ||
| £ | £ | £ | £ | ||
| General funds | 392,519 | 28,645 | (24,217) | 396,947 | |
| 15. | Analysis of changes in net debt | ||||
| At | At | ||||
| 1 Feb 2024 | Cash flows | 31 Jan 2025 | |||
| £ | £ | £ | |||
| Cash at bank and in hand | 400,300 | (22,506) | 377,794 |
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