## **East London Waterworks Park** **Company number: 13154915 Charity number: 1199414** **Report and financial statements for the 12 months ended** **31 March 2025** ## **Contents** |Reference and administrative details
3|Reference and administrative details
3| |---|---| |Structure, governance and management
4|| |Objects and activities
6|| |Achievements and performance
8|| |Financial review
11|| |Statement of responsibility of the directors|16| |Independent Examiner’s Report to the directors of East London Waterworks Park|| |18|| |Statement of fnancial activities (incorporating an Income and Expenditure Account)|| |19|| 2 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ## **Reference and administrative details** |**Directors:**
Abigail Woodman
Chair (appointed 25/01/21)|**Directors:**
Abigail Woodman
Chair (appointed 25/01/21)|**Directors:**
Abigail Woodman
Chair (appointed 25/01/21)| |---|---|---| |Peter Mudge
Director (appointed 25/01/21)||| |Nathan Miller
Director (appointed 28/11/21)||| |Hannah Grifths
Director (appointed 04/01/25)||| |**Company Secretary:**|Abigail Woodman|| |**Company number:**|13154915|| |**Charity number:**|1199414|| |**Registered ofce:**|45 Lyne Crescent, Walthamstow, London, E17 5HY|| |**Independent Examiner:**|Eilish Kavanagh|| |**Bankers**|The Co-operative Bank plc|| ||P.O. Box 101|| ||1 Balloon Street|| ||Manchester, M60 4EP|| ||The Charity Bank Ltd|| ||Fosse House|| ||182 High Street|| ||Tonbridge, TN9 1BE|| 3 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. The directors present their report and financial statements for the twelve months ended 31 March 2025. The directors confirm that the financial statements comply with current statutory requirements, the memorandum and articles of association and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP) applicable to charities preparing their accounts in accordance with FRS 102. ## **Structure, governance and management** East London Waterworks Park was incorporated as a company limited by guarantee on 25 January 2021. It became a charitable company on 6 December 2021, and was registered as a charity by the Charity Commission for England and Wales on 22 June 2022. It is governed by a Memorandum of Association and Articles of Association. While East London Waterworks Park originated as a community group and wants to retain the camaraderie associated with a community project, we are cognisant that East London Waterworks Park must be a professional organisation, with robust policies and procedures, and an experienced management team. We have, therefore, worked hard to develop an organisational structure that blends a de-centralised sociocratic model of decision-making, enabling a volunteer-run organisation to function effectively, with a more traditional approach to management and decision-making that ensures accountability. East London Waterworks Park is a sociocratic organisation and decisions are made according to sociocratic principles of governance. Work is carried out by groups called ‘circles’. Each circle is responsible for its own workstream and reports back to the parent circle, the hub. Decisions are made by consent not consensus, and there is consent when no one has a valid objection. This enables the organisation to work through issues collaboratively, but also ensures that decisions _are_ made and can be made quickly. Everyone involved belongs to at least one circle. The hub meets every two weeks and the circles meet every two weeks or every four weeks depending on their workload. To ensure the organisation is owned and managed by the community, a clear pathway to membership has been established, centring on active involvement in the day-to-day activities of the project. Anyone can attend a meeting to find out about our work; they are a 4 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. guest. If they get involved, they become a friend. And friends who demonstrate their ongoing commitment to the project can apply to become members (the equivalent of shareholders in a charitable company). The governance circle is East London Waterworks Park’s management team. It sets the organisation’s strategic direction, manages all contractual relationships, and ensures the charity meets its legal and financial obligations. It also develops, or supports the development of, the policies and procedures that ensure East London Waterworks Park is well-organised. The work of the governance circle, like the work of the other circles, is overseen by the hub so that everyone involved in the project has an opportunity to understand and contribute to its work. This gives the management team a depth and breadth of experience to draw on, and ensures organisation-wide buy-in for all major decisions. East London Waterworks Park’s four directors (otherwise referred to as ‘trustees’) belong to the governance circle and attend most hub meetings. They also attend regular Finance sub-committee and Executive sub-committee meetings after governance circle meetings, 5 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. and meet four times a year at board meetings, to formally discuss and approve decisions according to the charitable company’s Articles of Association. The directors are appointed from the membership and elected at the Annual General Meeting. East London Waterworks Park has no related parties or close relationships with other charities. ## **Objects and activities** The current object of East London Waterworks Park is: to promote the conservation, preservation and improvement of the physical and natural environment for the public benefit by purchasing land, opening it up to public access and returning it to nature, and by promoting biodiversity and prudent use of natural resources. East London Waterworks Park is a community-led charity that wants to buy land in East London and transform it into a new biodiverse park with wild swimming ponds and community spaces that are accessible to all for free. We believe the project is developing a model that will enable urban communities around the country to work with regenerative design principles and systems thinking to secure ecological gains, community cohesion, stability and prosperity. The directors 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. They have ensured East London Waterworks Park’s programme of activities is always in line with the company’s object. The site of the future East London Waterworks Park is currently owned by the Secretary of State for Levelling Up, Housing and Communities, and managed by LocatED, the Department for Education’s arms-length property company. Following the announcement in January 2024 that the Department for Education had identified an educational use for the site and that the London Innovation and Improvement Alliance (LIIA) planned to build a secure children’s home on the site, East London Waterworks Park continued to focus on working to buy the land, open it up to public access and return it to nature. The organisation did this by developing a campaign to oppose the planned development of the 6 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. site, which is Metropolitan Open Land and should be protected from development except in very special circumstances. We were working under the impression that the planning application for the secure children’s home would be submitted to Waltham Forest Council in summer 2024. However, we were notified in late August 2024 that it was being delayed. We assume this is because the new Labour government put all capital expenditure on hold after it won the general election on 4 July 2024. We have yet to be informed that the planning process has restarted. In response, East London Waterworks Park undertook a review of its strategic aims in the third quarter of the year. Without a definitive decision on the future of the site, our first strategic aim continues to be ‘buy the land’. We have, therefore, continued to lobby local, regional and national government to support the project, and to work with planning consultants and legal professionals to ensure we are ready to respond to the planning application if and when it is submitted. Our second strategic aim is ‘build an inclusive community that supports our efforts to buy the land’. We have, therefore, continued to co-design the park through extensive listening and collaborative design workshops, exploring how we will return the site to nature and promote biodiversity and prudent use of natural resources, and how we will ensure the park is fully accessible and welcoming to the whole community. Our third strategic aim is ‘build ourselves into a legitimate, powerful organisation that local, regional and national government wants to work with’. While we were always aware that support from national government was essential to the realisation of our vision, we commissioned research that demonstrated that national and regional government will not support the project if local government does not. And, while East London Waterworks Park has in-principle support from Waltham Forest Council, local government is committed to building the secure children’s home on the site. As a result, while we await the outcome of the planning process, we must broaden the scope of our work beyond the confines of the site. We are, therefore, developing a public programme that will encourage the conservation, preservation and improvement of the physical and natural environment for the public benefit, and promote biodiversity and prudent use of natural resources, and we hope to work with local government to realise this programme. 7 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. On 19 March 2025, East London Waterworks Park applied to the Charity Commission to extend its charitable object to better reflect this approach, a process that will take a minimum of 12 weeks. We would like to change the charitable object to: The objective of the charity is to promote the conservation, preservation and improvement of the physical and natural environment for the public benefit by: 1) purchasing land, opening it up to public access and returning it to nature; 2) promoting biodiversity and prudent use of natural resources; 3) empowering and educating people. East London Waterworks Park is a volunteer-run organisation, with no paid members of staff. Volunteers are essential to all we do and we couldn’t operate without them. ## **Achievements and performance** ## **Building an inclusive community** East London Waterworks Park’s inclusivity listening project continued throughout the year. It is designed to ensure that everybody feels welcome in and around the project and that the park is designed to welcome everybody. Our volunteers have now carried out in-depth interviews with 113 participants about nature, outdoor spaces and our plans for the park as part of phase three of the listening project, and the inclusivity circle is currently analysing the data. We are planning to launch the phase three report in late 2025 and we believe it will be of interest to place-making and built-environment professionals across the country. The inclusivity circle and the design circle are also working closely together to integrate the feedback into the design proposals for the park, and more work on this will form phase four of the listening project. Our annual volunteer-monitoring survey, which was conducted in October 2024, confirms that our efforts to ensure our volunteers reflect the diverse boroughs in which we primarily work is bearing fruit: 40 per cent of our volunteers are from a global majority background, compared to 28 per cent in 2023. Between June and September 2024, we published the first iterations of four more design proposals for East London Waterworks Park: the swimming ponds proposal, the circular 8 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. economy proposal, the buildings proposal and the ethnobotany proposal. These join the dry habitats proposal, the wetlands habitats proposal and the forest school proposal, to flesh out the vision encapsulated in Version 5 of our site plan, which was published in May 2024. The design circle has also run co-design workshops on the proposed plans for the swimming ponds, the circular economy and the creative community spaces, and the feedback received will be incorporated into the second iteration of the proposals. In fitting recognition of the hard work of the design circle, East London Waterworks Park won the People’s Choice Award in the Reimagine London competition run by New London Architecture in September 2024 and received £2,000 in prize money. Learning continues to sit at the heart of East London Waterworks Park: we are a learner-led organisation, developing our vision for our park through an iterative co-design approach, and we work with educational organisations around the world to create learning projects to provide students with meaningful learning experiences. Here are a selection of learning projects that ran between April 2024 and March 2025: - In April 2024 we supported Masters students studying Ecology and Data Science at University College London to develop a monitoring strategy to inform the park’s habitat design. 9 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. - From November 2024 to January 2025, we were a live case study for students exploring the concept of the ‘caring city’ as part of their Masters in Urban Development Planning with University College London. - In January 2025, we were a live case study for Masters in Architecture students from the University of Sheffield, who developed inclusive design proposals in response to feedback received as part of the listening project. ## **Developing a public programme** In the final quarter of the year, East London Waterworks Park began to develop an outward-facing public programme to help the organisation build its profile. The programme will have three connected strands: 1. sharing our approach to community organising to transform unloved land into biodiverse community gardens and disused or underused buildings into flourishing community spaces 2. sharing what we are learning about community organising for the environment through sociocracy with other community groups, and sharing what we are learning about co-designing a large-scale community project with academic and professional communities 3. facilitating conversations between communities, developers and other landowners, and public bodies to explore ways to resolve, in partnership, the tensions that exist between human needs and what nature needs to thrive. ## **Strengthening our governance structure** East London Waterworks Park continues to work to expand its trustee board, and we were delighted to appoint Hannah Griffiths to the board in January 2025. Hannah is an environmental and social justice campaigner with over 20 years’ experience in campaigning, strategy and policy. She loves nature and wild swimming, and has lived in east London for 25 years. ## **Reporting performance** East London Waterworks Park is not yet operational, so all efforts are targeted towards creating an effective and resilient organisation that will eventually be able to negotiate with the landowner, raise the money to develop the site and open it up to the public. With this in 10 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. mind, our primary outcomes and impacts are centred on learning: learning as an organisation and learning as individuals. - We are learning how to develop an environment-first community-led approach to land ownership that sees nature and people thriving together. - We are learning how to work together effectively, how to make decisions efficiently and how to manage conflict actively and positively. - We are learning about community needs, particularly the needs of groups that are historically underrepresented and strategically ignored in environmental projects, building a picture of what ‘inclusive’ looks like and developing processes that will enable this learning to guide the project into the future. - We are sharing our professional skills with each other, learning how to develop our project management skills, our communication skills, our fundraising skills, our research skills, our design skills, and so much more. - And we are learning how to put nature first when we make decisions. Volunteers have already noticed how their involvement with East London Waterworks Park has helped them develop, with a growing number using the experience they have gained while volunteering to help them secure first jobs and new careers. ## **Financial review** This financial year, like last year, we primarily focused on community engagement and trying to engage with decision makers. During the twelve months to 31 March 2025, funding totalling £25,359, came from six sources: 1. £18,454 from interest 2. £3,387 from donations and Gift Aid associated with donations 3. £1,430 from gifts in kind (financial services provided by S. Welsh and the Independent Reviewer) 4. £1,089 from the sale of donated goods (£1,049 from the sale of jeans donated by Blackhorse Lane Ateliers and £40 from the sale of images at the photo competition exhibition held last year). 11 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. 5. £79 royalties from the sale of t-shirts via teemill.com. 6. £920 from charitable activities (£350 from JustSpace for working with students at University College London, £420 from the University of Sheffield for working with students, and £150 for talks), During the same period, expenditure, totalling £13,591, focused on three main areas: 1. £3,891 on public engagement and representation (including £666 on the listening project and co-design workshops and £2,925.49 on the campaign to oppose the planning application) 2. £3,600 on lobbying support 3. £5,506 on general administration costs (including £1,939 on legal support and £256 on a back-up drive). At year end, the Charity Bank savings account – where the money donated to buy the site is held as designated funds – held £583,782.10. The remaining funds, totalling £34,195.29, have been carried forward. All funds are unrestricted. East London Waterworks Park has no employees. ## **Reserves policy** Currently, East London Waterworks Park has minimal administrative costs, but maintains reserves necessary to meet committed project costs for the next few years. As at 31 March 2025, all reserves were unrestricted and stood at £619,538 (2024: £607,771) and will be used to fund future activity costs. ## **Going concern** The directors believe there to be no uncertainty about East London Waterworks Park’s ability to continue as a going concern. 12 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ## **Principal risks and uncertainties** |**Risk**|**Likelihood**
(1–5,
with 5 being
highest)|**Severity**
(1–5,
with 5
being
highest)|**Mitigation**| |---|---|---|---| |1. We fail to
convince local,
regional and
national
government that
we are an
organisation that
can be trusted
with such an
ambitious project|4|5|We are developing a public programme to
help East London Waterworks Park build
its profle and reputation locally,
regionally and nationally, and seeking to
develop similar, smaller projects to build
trust in East London Waterworks Park as
an organisation that can deliver on its
commitments.| |2. We cannot buy
the land.|5|5|We are working hard to oppose the
planning application which, if approved,
will signal the end of the East London
Waterworks Park dream. However, if it
proves impossible to buy the site,
donations already received will be used to
support relevant, local projects in
accordance with the charity’s object.| |3. We fail to raise
the capital sum
required to buy
the site.|3|5|We are working hard to ensure we are
able to raise the capital sum required to
buy the site. If, however, we fail to
purchase the land as planned, donations
already received will be used to support| 13 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ||||relevant, local projects in accordance with
the charity’s object.| |---|---|---|---| |4. We fail to raise
the capital
required to
transform the site
and deliver our
current vision.|4|4|Once we have purchased the land, we will
be able to deliver on our fundamental
promise to create a new open space for
the community. While aspects of the
project may then take longer than
planned, this is a fexible and long-term
project that can be delivered in stages
appropriate to the funding received.| |5. We are unable
to secure
sufcient income
to operate.|3|5|The site will be designed to minimise
on-going costs, so the core ofering of a
new open space will be available even if
we are only able to deliver other aspects
of the project intermittently.| |6. We are unable
to reconcile our
environment-frst
approach with
community
expectations and
what is required
to run a viable
business.|3|4|We acknowledge that we will need to
manage competing priorities. However,
we are committed to working through
such clashes to demonstrate that they are
possible to reconcile. In fact,
demonstrating that a thriving business
and community open space can also be
good for nature is one of our founding
principles.| 14 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ## **Plan for the future** Our focus for the forthcoming financial year is threefold: 1. If it materialises, we will oppose a planning application to build a secure children’s home on the land we want to transform into East London Waterworks Park. The site is Metropolitan Open Land, with the same status as Green Belt, and it should be protected from development of any kind. East London Waterworks Park will bring myriad benefits to the area and improve health and wellbeing for thousands of people. It will link the marshes of the Lower Lea Valley back together, creating acres of new habitat for wildlife during a climate and ecological emergency. Natural swimming ponds will provide inclusive opportunities for open-water swimming. Listed heritage buildings from the East London Waterworks Company era will be brought back into use for the community. A forest school will educate a new generation of children about living in harmony with nature. This vision is too precious to lose to a facility that can and should be built somewhere else, somewhere that is not protected Metropolitan Open Land. 2. The inclusivity, design and learning circles will continue to develop our vision for East London Waterworks Park, building an inclusive community that supports our efforts to buy the land and create a biodiverse, community-owned park that reconnects people with nature. 3. We will develop a public programme to help East London Waterworks Park build its profile locally, regionally and nationally by sharing what we are learning and facilitating conversations to encourage nature-first thinking more widely. 15 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ## **Statement of responsibilities of the directors** The directors of East London Waterworks Park are responsible for preparing the directors’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the East London Waterworks Park and of the incoming resources and application of resources, including the income and expenditure, of the East London Waterworks Park for that period. As a registered charity, these financial statements have been prepared in accordance with the rules laid down for trustees. Trustees are required to: - select suitable accounting policies and then apply them consistently - observe the methods and principles in the Charities SORP - make judgements and estimates that are reasonable and prudent - state whether applicable UK Accounting Standards and statements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements - prepare the financial statements on the going-concern basis unless it is inappropriate to presume that the company will continue in operation. The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the East London Waterworks Park and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the East London Waterworks Park and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors are responsible for the maintenance and integrity of the corporate and financial information included on the East London Waterworks Park's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. 16 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. Members of the company guarantee to contribute an amount not exceeding £1 to the assets of the company in the event of winding up. The total number of such guarantees at the time of writing is 18. The directors are members of the company but this entitles them only to voting rights. The directors have no beneficial interest in the company. The directors’ annual report has been approved by the directors on 12 July and signed on their behalf by: Abigail Woodman Chair 17 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. ## **Independent Examiner’s Report to the directors of East London Waterworks Park** I report to the company directors on my examination of the accounts of the company for the 12 months ended 31 March 2025. ## **Respective responsibilities of trustees and examiner** The directors of East London Waterworks Park have chosen to prepare the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). Having satisfied myself that the accounts of East London Waterworks Park are not required to be audited under Part 16 of the 2006 Act, I report in respect of my examination of your company’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** Since East London Waterworks Park’s gross income is more than £25,000, your examiner needs to be a member of a body listed in section 145 of the 2011 Act. I confirm that I am a member of the Chartered Institute of Management Accountants, 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: 1. accounting records were not kept in respect of the East London Waterworks Park as required by section 130 of the Act; or 2. the accounts do not accord with those records. 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. Name: Eilish Kavanagh Date: 25 June 2025 Signature: 18 East London Waterworks Park is incorporated in England and Wales as a charitable company (Company number: 13154915). It is also a registered charity in England and Wales (Charity number: 1199414). The registered office is at 45 Lyne Crescent, Walthamstow, London, E17 5HY. , WATER WORKS PARK East London Waterworks Park Statemènt of flnanclal a¢tlvttl•s lincorporating an Income and Expendrturn Account) For the year ¢nded 31 March 2025 un￿tncted Reslncted Funds FurKIs 2025 Total 2024 Tot81 Income from: Donations and legaues Other trading activib.es Interest inwne 4.817 2,087 18,454 4,817 2,087 18,454 12.338 1,694 14,025 Total incom8 2*359 25.359 28,057 Expenditure on- Raising funds Charitable actiwts.es Purthase and rewldin9 of land Public engagement and ￿presentatIOn Strategic d8V8Wrn8nt 25 586 6,38fj 7,180 7,180 4,706 8,856 Total exponditur• 13.591 13,591 15,492 N•t mov•m•nt In funds 11.767 11,767 12,565 Reconclllatlon of funds Total funds brought forward 607.771 607.771 595,206 Total funds earri•d fonvard 11 l of th8 atrK)v8 results are derived from (￿tinUing aCtivit￿s. There wer8 no other recognised 98ins or108s8s other than those sta¢ed above. The attached noies fonn part of ¢hese fina￿#81 ststements. 19 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK East London Waterworks Park Balance sheet As at 31 March 2025 2025 2024 Fixed •￿ets Tango￿ fixed assots Curr•nl ass•ts Debtors Stock Cash al tsqnk arKI in harKI 13 617.978 607,015 619.538 607,8% Creditorn: amounts due within 1 yev 125 Net current assets 619,538 607,771 N•t ass•ts 10 619,538 607,771 Funds Unrestricted Funds Designated fund Ggneral (und5 11 583,782 35,756 42,905 Total unr8Strthd funds 619,$38 607.771 Totsl Fund• 619.538 607.771 For the financial year in question the c47mp¥by to exempti￿1 ur*Jer section 477 of the Companies Acl 2CQ6 relating to small companiès. No rnember5 have required the company to obtain an audit of its acc%￿nts for the year in questi￿ in accordance with Secti￿ 476 of the Companies Act 2(￿. The directors acanowledge th*r reS￿sbI1ty for 0)M￿Y1r￿j with the rgwir8ments of th8 ACt￿lh rospect to a(zountiry recxyds arHJ f(K the plppwalK￿ of a(xounts. AbBJail Woodman Chair 12 ￿ty2025 The r*)tes to the accounts fLYm part of those financaal statem￿ts 20 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK East London Waterworks Park Statom•nt of Cash flows For the year ended 31 March 2025 2025 2024 Cash flows from op•rntlng athttl•$ N•t ¢ash provld•d by op•ratlng actlvltl•s 12 10,963 49,765 Chang• In cash and cash •qufval•nis In th• y 10,963 49,765 Cash and cash equivalents at the begiming ofthe year 807,01S 557,250 Cash and cash equlvalents at the end ol the year 13 617978 21 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK East London Waterworks Park Notes to the FlnancSal Ststemenls For the year ended 31 March 2025 1 Accountlng Pollcle# Basls of pr•paration of financial stat•m•nts The financial st8teffl*nts havtr baen prèparsd in *wrdancè wth pLe￿nb"n9 and R•Fth"ng by Ch8ritsas". statement of Recommended Pract￿￿ applicatAe to charibe5 preparing th8ir 8ccixJnts in accordance Ihe Financial Repor￿ng Siandard appliCa￿e in the UK and Republic of IrdaThJ IFRS 102- eifective 1 January 20151_ (Charities SORP FRS 1021 and Ihe Companies Aca 2006. The charitable wnpany meets the definrfion of a publFC benefft enbty urmler FRS 102. Assets arKI liabilities are In￿allY recognised al historical cost or transaction value unless othe￿ise stated in the relevant accounting policy or not•. b Golng COn￿M The Directors do not consmler that there are any sources ofestimation unc8rtainty at th8 r8porting dat8 Ihat have a significant risk of causirg a malerial adju5trnent to Ihe canying arrK)unts of assets and liabil￿e$. G Income Income, inclLwJing irKome from government arNJ othergrants. is rewgnised wh&) the Charitab￿ ojmpany has entitlemènt to the fuThJs, any perfc¥mance condrfions attached to the income have maL it is probatA8 that the income will be re￿1Ved arKI that the arrK)unt can measured reliaNy. Grants are credtted to income when they a￿ receivable unless they are for acbvities relating specffically to a $￿c[￿C future period, in which cas8 thèy aré d8ferred to Ihat p8rK)d. Incom8 r8C8ived und8r (x)ntr8cts lor serwces is rewgnised in the fmanoal slalemenls in proFort•￿ to the perC￿lage of C(rfnp1el￿n of the contract. d Donatlon5 of gttts. servlce5 and facllllles Donated professh)nal services and facilities a￿ recognised as inccme when the charitable o)rnpany has control over the item or received the sernce. any cx)ndthns assockated wtth the donation have been met, thè recéipt of 8(￿0￿￿ l*nefit from tha use by tha dAritatAe company of the it8rn is probabl8 and that ec¥)nornic benefit can be measured reliatAy. In accordance ￿1h the Chari￿$ SORP IFRS 1021. volunteer 11Th￿ is not rec￿gniSed so refer to the Injslees. annual reF*Yt for rm informabon abc*Jt their contribution. On receipt, donated 9rf15. profe55ional serv￿8 and (kThled I￿￿111￿$ are reciNJnised on Ihe basis of Ihg value of Ihe gift io the charilable company. whic* is the amount the ￿rnpanY have been willing to pay to obtain services or facilth.es of gJuNalenl econom￿ benefft on the open mathet", a correspw)nding amount is th8n r8cognis￿l in ex￿￿￿1bJr8 in Ihe WK)d of rE￿ipl • Fund aeeountlng Unrestrict8d funds are available to spend on acti￿tieS that furlher any of th8 purw)ses of the tharilable company. Designated fvnds are unrestricted ftjnds which Ihe director5 have decaded at their di5¢￿trOn to set aside to use for a specffj￿ wrwse. Restricted funds are donatN)ns which the donor has specffied are to be solèly usad for particuL4r arèas of tha charila￿6 (X)mpan￿$ work or for 5￿CifiC projècts undèrtakan by th& company. 22 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK 1 Aeeountlng Poll¢l•s leontlnuodl f Expondltur• and Irr•eov•rabl• VAT Expenditure is re(x)9nised On￿ there B a ￿nsIvuc1￿e obligathon to make a payment to a Ihird party. it is probable that settlement wll be required and the amwnt of the o￿lgalIc￿ can be ￿￿aSured reliably. Expenditure is dassified under tr* followng &tivity headiThJs". Costs of raising fvnds CoM￿se of trading cx)sts and Ihe cosls inctJrTed by the Charitab￿ company in ityjucing Ihird parties to make vduntary contributions to IL as well as the cost of any activities a fundraising purpos8. Expenditure on charilable acti￿tIeS indud85 the Ix)sts of ddivering s8rvic85 and other activit￿5 undert*en to fvrther the purpose5 of Ihe Charits￿e o)mpany and their asswated support costs. Where costs cannot be directty attributed, they hal￿ teen allocated to acbwlies on a bass GOn￿Stent th t￿1r us* of MSOUr￿$. Irrecoverable VAT is thar9ed as a cos1 against activty for whith ￿ expendilure was incurred. Alloeatlon of support eosts Support costs are those functi￿S that 8S5iSt the th ofth? tharitab18 Ixjmpany but do not diredy undertake charitable acts￿1*5. Supp)rt costs cr)mprise the overhead costs of the central function. Govemance costs are the costs assocaated wth the ￿vema￿e arrarwJements ofthe d￿rita￿e company. Thasé costs arè associat8d wrth eonststubonal and statutory wuir8m•nts and indudè any costs associa with the strategic management of the ujmpany s actNitie5. Support and gov•manc8 costs are rn-a1lL￿atsd to èach of th• actmtsès on Ihè folknwThJ basis whid) is an 85timate ot the amount oftim8 attriLKrtaL48 to 8ach acts 2024125 0.0% 40.0% 60.0% 2023124 10.0% 40.0% 40.0% 10.0% Rai￿n9 funds Purchasè and rewlding of land Public $ngagam$nt and Strat*gic DèvdoK¥Mnt h Debtors Trade and other debtor5 are re￿nISed at the setllement ar￿Unt due. ￿pay￿entS are valued at the arrthjnt prepaid. I Cash at bank and In hand Cash at bank and cash in hand incI￿jeS cash aThJ short tem highty Iw]uid invesbnents with a short maturty of three months or ￿$5 from the date of wuisthon oropening of the dep)sit or smilar account. I Credltors and provlslt)n$ Cr*ditors and provi&ons arè rec￿jnISéd whèrè thè charrtabla ojmpany has a prèsènt oblig8tK)n rèsutting from a past event that will probatAy result in the transfer of lu[￿S to 8 third party and the amount due to Sett￿ the ob1mJatic￿ can be Measu￿ or estimaied reliably. Crediiors and provisions are nom)ally recognised at their setdement arrK)unt after all0￿7ng any trade dkscounts due. 23 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK East London Walerworks Park Notes to the Flnanclal Statemenis For the year ended 31 M•r¢h 2025 2 Incomo trom donatlons and legaclos unrestrk￿ Restrk￿ Totsl 2025 2024 Individu81 donaticx)s Grft Corporat8 donat*Jns Spacehive i*Jnations General grants Grfts in kind 3.211 176 3.211 176 6,809 4,099 1.430 Total donatlons and legaclos 2025 4817 4817 12.338 Totsl donatws aThJ legafies 2024 12,338 The gifts in kn'nd rdate to finan￿al s8Mce5 prowded by S. W81sh and independent a￿￿r( s8rvices. These are based on estimates prowded by Ihese indMdual$ a$ to much the Se￿￿$ WWKI 0)st if aValbb￿ (x)mmer¢ially. 3. Olhertradlno a¢tlvltles 2025 2024 irtc*Th frty)) fuThJrai*NJ events rDyalt￿S frorn T-shirt sa￿S 754 79 920 Sle$ of donated 940 T(￿1 01￿￿tradIng adl¥ll 2.009 1,694 Investment In¢ome 2025 2024 Interest on Charity Bank savings account 18.454 18.454 14.025 24 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. WATER WORKS PARK East London Waterworks Park Not•8 to tho Flnanclal Stat•morrt8 Forth• yo*r •nd•d 31 March 2025 S An•ly•l¥ of •xp•ndltyr• Purcha59 cf 18nd & rthldlng Publ eng898m8nl & pr88ènlalon Straleglc d&veolpm8nt 2025 Tothi 2024 Tot81 Ral$lng fund$ Govem8n¢¢ Support CO81$ Consultancy Admlnislralkn c05t8 ProjeGI cost¥ Cost of ralslng fund8 Governance cost8 3,473 3,473 8,005 3.010 11,882 250 350 4,194 3,891 25 25 4,194 3,891 1,939 3,542 13,591 15,492 Suppport CO5t Gov6rn8nce rxJ8ts 1.417 778 2,125 13.5421 Tot•1 •xp•ndltur• 2025 25 7.180 13,591 15.492 Proor y•ar Unr8slrtcled dlr8cI 8XP8ndllure Roslricled direct exppndilure Unr8slricled support & governance costs allocatsd 250 3.362 8.520 350 3,010 15,492 336 350 Tolol expenditure 2024 1.344 4,706 8.856 15,492 Of the t0t8l8xp8nd￿r8. £13.591 was unr8strkted12024.. £15,492) and £nll wa8 r88lrfct8d12024.. £nlll. 25 East London Waterworks Park Is Incory>orated In England and Wales as a charitable company (Company number.. 131549151. It Is also a registered charity In England and Wales (Charity number.. 11994141. The registered office is at 45 Lyne Crescent, Waltharnstow, London, E17 SHY. , WATER WORKS PARK East London Waterworks Park Not•s to th• fina￿la1 stat•m•nts For tho year ended 31 March 2025 6 N¢t Incorn• lorth• y￿r This is ststed after '. 2025 2024 Inde￿ndent examin8rf8 remunerabon.. Independent examiner IGrft in kiThJ} 330 330 7 AnoJy$l$ ol Staff ¢osts. tw$tg• r•rnun•r*lon and •xp•nw. and th• ¢ost of k•y mon4ym•rrt p•rsonn•l There were no staff employed by the chanty12024.' nill. No tNstee remuneration or reirnbur5ernent of gxp8nse512024: nil) D¢btor• 2025 2024 Debtors Prepayments 326 20 861 8 Stock 2025 2024 Credltors: amounts du• wlthln 1 year 2025 2024 Trade rxeditor 125 125 26 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY. , WATER WORKS PARK East London Waterworks Park Notes to the financial 8tat8ments For the y•ar ended 31 March 2025 10 AnaJy8is of net assets botween funds UTh￿￿￿1•d Detslgnated Re8trfct•d Total funds Tangible Fixed Assets Current As58ts abilities 35.755 583,782 619.537 Ngt ass•ts at 31 Mor¢h 202S 35755 583,782 619,537 11 Mov•m•nls In fvnds At1Apr At 31 Mar Unr•8trl¢t•d funds D8signated lunds General funds 564.866 18,916 583,782 Total unr•strkt•d lund$ Total fvnd$ 607.T11 21359 13.591 619,538 12 Reconclllatlon of n•t Income l {•xpondltur•) to n•t cash Ilow from operatlng actlvltles 2025 2024 N•t In¢om• forth• r•portlng wrlod las p•r th• stat•m•nt of flnanclal adlvltots) D8creas8 in debtor5 Decrease In stock D8cr88S8 in crediiors 11,767 1679) 12.565 40,287 6LX) 126 Not cash Iu88d inl operating activilies 10,962 49,765 13 Analysis of cash and cash equivalents 2025 2024 Coop bank account Charity Bank sawng account 34,195 583,782 617,977 42.148 564.867 607,015 27 East London Waterworks Park is incorporated in England and Wales as a charitsble company (Cornpany nurnber.. 131549151. It is also a registered charity in England and Wales (Charity number.. 11994141- The registered office is at 45 Lyne Crescent, Walthamstow. London. E17 SHY.