Charity Number: 1191385
## **THE OLD WATERWORKS UNAUDITED FINANCIAL ACCOUNTS**
## **YEAR ENDED**
## **31 DECEMBER 2024**
LEVICKS Chartered Accountants and Business Advisers 61 London Road Maidstone Kent ME16 8TX
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024**
## **CONTENTS**
|**CONTENTS**||
|---|---|
||**Page**|
|Trustees report|1|
|Independent examiner’s report|3|
|General (unrestricted) receipts and payments account|4|
|Survey Support Designated (unrestricted) receipts and payments account|5|
|Vanishing Point (restricted) receipts and payments account|6|
|Precarious Straits (restricted) receipts and payments account|7|
|Ace Development Project receipts and payments account|8|
|Pluto Press Funding receipts and payments account|9|
|Statement of assets and liabilities|10|
|Notes to the accounts|12|
**PAGE 1**
## **THE OLD WATERWORKS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024**
The trustees have pleasure in submitting their report together with the accounts for the year ended 31 December 2024.
## STRUCTURE, GOVERNANCE AND MANAGEMENT
The Old Waterworks is a small charity registered with the Charity Commission on 21 September 2020 as a Foundation Charitable Incorporated Organisation registered number 1191385. It is governed by its constitution.
The registered office is North Road, Westcliff on Sea, Essex, SS0 7AB.
As a Foundation CIO, the trustees are the only voting members of the charity.
The maximum permitted number of trustees is eight. New trustees are appointed by a resolution passed at a properly convened meeting of the existing charity trustees. In selecting individuals for appointment as new trustees, the existing trustees are required to have regard to the skills, knowledge and experience needed for the effective administration of the CIO. Other than the first trustees, appointment is for a term of three years.
## TRUSTEES
Claire Gallagher Chair (from 8 October 2024) Mark Wilson Acting Chair (to 8 October 2024) (resigned 4 January 2025) Michael Ekers Treasurer Jasbir Dhillon (resigned 16 October 2024) Ellen Greig (resigned 5 January 2025) David Watkins Adedamola Adeosun (resigned 28 April 2025) James Ravinet (appointed 14 November 2024) Ellen Mara De Wachter (appointed 29 May 2025) Sophie Sage (appointed 30 May 2025) Rehan Wazir (appointed 3 June 2025) Natasha Carter (appointed 8 June 2025)
TOW Chair Elsa James stepped down from the board of trustees at the beginning of 2024, with Mark Wilson taking the post of Acting Chair. At the end of 2024 Claire Gallagher was appointed Chair of The Old Waterworks.
TOWs directorship was overseen solely by Ruth Jones in 2024, with a period of compassionate leave and reduced hours taking place between April and July 2024 due to a family bereavement.
## OBJECTIVES AND ACTIVITIES
The objects of the charity are to provide arts and culture for the benefit of the public by:-
- A. Creating high quality arts and cultural activities for Southend-on-Sea.
- B. Contributing to the advancement of the arts and culture in the area by providing opportunities for Southend-on-Sea residents and visitors to become involved in arts and cultural activities.
- C. Supporting the development of artists, particularly artists who face social and/or economic barriers to realising their potential.
**PAGE 2**
**THE OLD WATERWORKS TRUSTEES REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 continued**
## OBJECTIVES AND ACTIVITIES continued
During the year 2024 funding from Pluto Press for a programme of events and activities was secured between TOW and The Other MA, to be delivered in 2025. TOW worked with artists Scottee, Emma Edmondson, Shaun Badham, Paige Ockendon and Jade de Montserrat to deliver a programme of events as part of their 2023-2024 collaboration between TOMA and Pluto Press. In the summer TOW worked with studio Artist Lu Williams to put on a well-attended one-day event festival with Grrrl Zine Fair. TOW hosted studio artist pop-up exhibitions for residency artists. TOW worked on 3 publishing jobs with Grrrl Zine fair for Harper Collins and Rough Trade for the launch of the Kathleen Hannah biography; for the Ebsfleet Tenants Handbook with Cementfields; and a self-published zine by Williams. In December TOW hosted a winter maker-market for the community. TOW hosted sales on their website for studio artist Emma Edmondson’s self-published new book and launch event. TOW offered venue hire for a number of short and long-term agreements to local organisations and creatives. Additionally, TOW supported open access to risograph and screen-printing facilities again this year.
Further details of our projects and artists feedback are on our website at www.theoldwaterworks.com or join us on Facebook or Instagram @theoldwaterworks.
## FINANCIAL REVIEW
The year to 31 December 2024 is the fourth year that the charity has been in operation as a CIO. Unrestricted reserves of £29,789 were carried forward at the end of the year and £9,740 in restricted reserves. The trustees are satisfied that the charity is on a sound footing and will be able to continue operating for the foreseeable future.
The restricted reserves carried forward can only be used for those specific projects for which they were allocated. The restrictive reserves include funds received for those projects which were still held by, and transferred from, the original TOW company.
## PUBLIC BENEFIT
The trustees have complied with their duty to have due regard to the guidance on public benefit published by The Charity Commission in exercising their powers and duties.
The trustees would like to thank all the donors and referrers for their support during the year.
Claire Gallagher Trustee on behalf of the board of trustees
23 October 2025
## **INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE OLD PAGE 3 WATERWORKS FOR THE YEAR ENDED 31 DECEMBER 2024**
I report on the accounts of The Old Waterworks for the year ended 31 December 2024 which comprise the receipts and payments account and statement of assets and liabilities set out on pages 4 to 12.
## _Respective responsibilities of trustees and examiner_
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Charities Act;
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## _Basis of independent examiner’s statement_
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
## _Independent examiner’s statement_
_In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:_
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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 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.
61 London Road J A Griggs FCA Maidstone LEVICKS Kent Chartered Accountants & Business Advisers ME16 8TX
28 October 2025
**PAGE 4**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 GENERAL (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|2024
£
£
**INCOME**
Studio rents
23,862
Venue hire
1,920
Riso printing
22
Book sales
2,445
Transfer of closing company funds
-
Events sales, workshops and seminars
4,129
Grant received
-
Interest received
74
32,452
**PAYMENTS**
Project staff
9,500
Utilities
1,077
Internet costs
6,124
Insurance
1,897
Cleaning and waste
2,880
Fire and security
-
Repairs and maintenance
434
Communication and promotion
721
Bank, paypal and event site charges
76
Office expenses
528
Consumables
-
Studio artist
-
Donation
-
Ace bottles
-
Sundry expenses
243
Venue and event staffing
1,119
Accountancy fees
1,368
Equipment
-
25,967
Net surplus/(deficit)
6,485
Transfers to restricted funds
-
Balance brought forward as at 31 December 2023
23,304
Balance carried forward as at 31 December 2024
29,789|2023
£
9,050
583
5,395
1,791
2,250
174
1,560
160
71
964
243
-
-
-
96
2,090
-
414||£
21,709
681
193
436
-
1,799
-
55|
|---|---|---|---|
||||24,873
24,841|
||||32
(1,705)
24,977|
||||23,304|
The receipts and payments accounts were approved by the trustees on 23 October 2025.
Signed on behalf of the trustees:
Michael Ekers and Claire Gallagher
**PAGE 5**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 SURVEY SUPPORT DESIGNATED (UNRESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**INCOME**
Contributed income – Metal Culture
**PAYMENTS**
Project staff
400
Office expenses
180
Cleaning & waste
20
Net surplus/(deficit)
Balance brought forward as at 31 December 2023
Balance carried forward as at 31 December 2024|**2024**
**£**
-
-
-
-
600
(600)
600
-||**2023**
**£**
-|
|---|---|---|---|
||||-|
||||-
600|
||||600|
**PAGE 6**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 VANISHING POINT (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2024**
**£**
**£**
**INCOME**
Transfer of closing company funds
-
**PAYMENTS**
Materials for workshops
-
Workshop leader fees
-
Production of Zine
-
Seedling events
-
Bee habitat and seedling share area
-
Speaker fees and filming
-
Travel and transport
-
School workshops
-
Project staff
-
Sign writing
-
Repairs and maintenance
-
Office expenses
-
Bank, paypal and event site charges
5
Cleaning & waste
120
Public engagement
-
125
Net surplus/(deficit)
(125)
Balance brought forward as at 31 December 2023
125
Balance carried forward as at 31 December 2024
-|**2023**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
125
125|**2023**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
125
125|
|---|---|---|
|||-
125|
|||125|
**PAGE 7**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 PRECARIOUS STRAITS (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2024**
**£**
**£**
**INCOME**
Transfer of closing company funds
-
Grants
-
Final project costs
-
-
**PAYMENTS**
Materials for workshops
-
Printing, postage and stationery
-
Workshop leader fees
-
Exhibition fees
-
Exhibition costs
-
Bank charges
5
Utilities
-
Office expenses
931
Riso
-
936
Net surplus/(deficit)
(936)
Balance brought forward as at 31 December 2023
936
Balance carried forward as at 31 December 2024
-|**2023**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
936
936|**2023**
**£**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
936
936|
|---|---|---|
|||-
-
-|
|||-
936|
|||936|
**PAGE 8**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 DEVELOPMENT PROJECT (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2024**
**£**
**£**
**INCOME**
Grants
-
**PAYMENTS**
Project staff
-
Artistic spending
-
Care package, material and post
-
Website restructure design
-
Public moments
-
Consulting
-
Mentors fees
-
Riso sessions
-
Marketing costs
-
Printing costs
-
General expenses
-
Workshop and seminars
-
-
Net surplus (deficit)
-
Transfer from unrestricted reserves
-
Balance brought forward as at 31 December 2023
-
Balance carried forward as at 31
December 2024
-|**2023**
**£**
**£**
3,000
2,000
880
400
-
-
-
-
-
200
-
121
702
4,303
(1,303)
1,705
(402)
-|**2023**
**£**
**£**
3,000
2,000
880
400
-
-
-
-
-
200
-
121
702
4,303
(1,303)
1,705
(402)
-|
|---|---|---|
|||-|
**PAGE 9**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 PLUTO PRESS FUNDING (RESTRICTED) RECEIPTS AND PAYMENTS ACCOUNT**
|**2024**
**£**
**INCOME**
Grants
**PAYMENTS**
Materials for workshops
245
Workshop leader fees
2,268
Travel and transport
-
RSL Interpreter
-
Communication and promotion
-
Refreshments
-
Net surplus/(deficit)
Transfer from unrestricted fund
Balance brought forward as at 31 December 2023
Balance carried forward as at 31 December 2024|**£**
2,500
2,513
(13)
-
9,753
9,740|**2023**
**£**
**£**
10,000
-
-
247
-
-
-
247
9,753
-
-
9,753|**2023**
**£**
**£**
10,000
-
-
247
-
-
-
247
9,753
-
-
9,753|
|---|---|---|---|
||||9,753
-
-|
||||9,753|
**PAGE 10**
## **THE OLD WATERWORKS STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2024**
## **ASSETS**
Cash funds
|**Unrestricted**
**General**
**Unrestricted**
**Designated**
**Vanishing**
**Point**
**Precarious**
**Straits**
**Development**
**Project**
**Pluto Press**
**Funding**
Balance at bank
29,547
-
-
-
-
9,740
Petty cash
138
-
-
-
-
-
Paypal account
104
-
-
-
-
-
29,789
-
-
-
-
9,740|**Total**
39,287
138
104
39,529|
|---|---|
## **AS AT 31 DECEMBER 2023**
## **ASSETS**
Cash funds
|**Unrestricted**
**General**
**Unrestricted**
**Designated**
**Vanishing**
**Point**
**Precarious**
**Straits**
**Development**
**Project**
**Pluto Press**
**Funding**
Balance at bank
23,206
600
125
936
-
9,753
Petty cash
98
-
-
-
-
-
Paypal account
-
-
-
-
-
-
23,304
600
125
936
-
9,753|**Total**
34,620
98
-
34,718|
|---|---|
**PAGE 11**
## **THE OLD WATERWORKS STATEMENT OF ASSETS AND LIABILITIES CONTINUED AS AT 31 DECEMBER 2024**
## **Assets retained for the Charity's use stated at estimated current value – All assets are held in the unrestricted fund**
## **£**
|Graphoscreen|400|
|---|---|
|AO Canon printer|500|
|Print making press|500|
|Sony cube TV|175|
|5 Risograph drums|3,000|
|Risograph printer MZ|800|
|2 Apple Mac desktops|300|
|Pressure washer|75|
|Guillotine|193|
|Lamps|234|
|Ladder|180|
**PAGE 12**
## **THE OLD WATERWORKS YEAR ENDED 31 DECEMBER 2024 NOTES TO THE ACCOUNTS**
- 1) The accounts have been prepared on the receipts and payments basis.
- 2) The trustees confirm, in accordance with the Charitable Incorporated Organisations (General) Regulations 2012, that at the year end the CIO did not have any outstanding guarantees to third parties nor any debts secured on the assets of the CIO.