COMMUNtnES&NEIGHBQURHOODS TRusr Charity ￿zIster￿j nYDther. 1207119 Compw regis¢¢rednllmber. 14830224 Rewrt and Fin￿1claI s￿tErne￿I5 forth¢wiix] cndcd 31 M8rth 2025. COMMUNITIES & NEIGHBOURHOODS TRUST Trustees. Annual report and Financial Statements Company number: 14830224 Charity number 1207119 For the period er)ded 31 March 2025 *AECGW335' #273 COMPANIES House COMMVN]TIE5Jt NEIGHBOURHOODS TRu>r Chwity resi￿¢re￿n￿rkn¢r. 1207119 ComNny r¢wsi¢ryJnyrnbEr. 14830224 T￿￿te5'Ann￿¥l Rep)rt and FInanC￿ SiattmEnts fottheperiod tnded 31 March 2025 Contenls Page Trustees. Annu81 Rer Statement of TTUStees' rest￿sibilItIeS in respe¢l of the Tnjstees. Annual Report and the Financial Statements Report ofthe Independent Auditors. MHA to the membèrs of COMMUnrt￿ & Neighbourhoods Trust 10 Statement of Financial Activibes ststemenl of Financial Position 14 ststement of Cash Flows 15 Notes 16 C(￿MilNITI￿ & NEIGHBOURH(K)DS TRUST Cht#iry registered nurnttT.' I2￿119 CoMp￿Y Ye8iswed number 14830224 Tn￿lee5, Arkntral Rewrtynd Fin￿01a1 Swewts fOrthepEri￿en&0 JI March2025 Trustees. Annual Report Reference and administrative details Charity name- Communities & Neighb￿jrhC#jdS Tnjsl Charity registration number.. 1207119 Company re9lstration number- 14830224 Registered office: 155 East India Dock Road, London, United K_ingdom, E14 6DA Board ¢1 Trustees: Chair.. Paul Brickell Trustee." Steve StrKle Trustee.. Llabu Bhattachaiiee Bankers.. Bardays Bank PIC Canary Wharf Branch Auditor: MHA Chartered Accountants & S￿t￿tI￿Y Auditor5 The Pinnacle 150 Midsummer Boulevard Milton Keynes MK9 1LZ CCWMUNITIES & NEIGFIBOURHOODS TRUST Charity regisÈcrcdnurnbcr. 1207119 CthnWyR￿sEeTed number.. 14830224 T[￿￿￿s.A￿thua1 Rtyortlnd Financial Sth¢efn¢rts the pEriod￿5&tO I l 2025 Objectives and activities Key objectives and aclNilies of CaN Tnjst are.. The provision of an employment and training hvb ijndertaking awe(Jited National Vocalional Qualificalion level training. Increasing access to GPS and social prescribws to improve peoplè's physical aThJ mèntal heath incluthng complex and chronic Conditions SLFch as diabetes and conditions asswated excess weight. ProvisKJn of Gounselling and therapy SeThI￿. Provision of health and exercise sessions In fi r£rfnmunty ccntres in T(Jwer Hamlets. Provlsbn ot aclwitiès and programmes to enable older people to overcome health needs associated wth Iheir age including la(* of physical and menlal actNity. The promsion of trainin9 to speakers of English as an additKsnal language to build Iheir vrriting, speaking arKJ listening skills. Provision of a tu1(￿ng programme for chiklren aThJ young people. Provision of digital skills training. The provision of training to progress leamers into higher education and (for some) to explore a career in teaching. The provision of an employment and trdining hub. and in particular training and employment support designed to help people lo attain employment or to improve their eaming potential from empkjyment e.g. progression from k)w skilledllow paid employment into betterjobs. Establishing career and study pathways with strategic partners fc￿ young people. .The provision of adw¢e on money management and reducing energy bilLg. The prows1￿ of bw cx)sl food lo the k)cal community through foc*J cJ)-operalives and food pantries. Helping people to ¢ook well and eat well on a budget. Achievements and performance The C¥N Twsl is dedicated lo hetping local ¢ommynities and investsnent in regeneration pn)orammes. The"CaN trust received gtft aid ￿C￿atiOn of £3.341.517 {2024- £3.500.IXJOI during the financial period from the parent undertaking Poplar HARCA. In the period our total spends by the parent undertakirvJ thè Poplar HARCA on ￿haIr of CaN Trust on thè community regeneration of £6.8m 12024_. £6.3ml was p8rt181ty offset by external funding of £3.Om {2024.- £3.Om) re5uMing In a net inveslmtrnt by Poplar HARCA of £3.8m for the year12024'. £3.3m}. COMMUNrriES & NEIGHBOURHOODS YRusr Charity ye￿51cred n￿rnb¥r. 1207119 regiSTerednvmber. 14830224 Tn*¢¢ AMUÈI Rep)rt and St&temeThLS forth¢ 31 Mirth 2025 Summary of KPIS required for CaN to achleve in the year 2025-2026 The grant r8CSNed by the CaN Tntst from POp￿r HARCA be used to fund the seryices delivered by the Communities and Neighbourhoo¢Js Team. A summary of the target KPIS are shown in the tsb￿ below. KPI￿arget$ for th• Y•ar £1.5 M additional funding target raised 3.000 people engaged in CaN Events In4erson 200 local people into jobs.. 375 local people completed accredited training 300 different vduntèers per year en9a9ed in r[￿ni[￿l activities 3,000 young people engaged in Youth Servica 3.000 accessing health & well-being NeHJhbourhood Ceniies In ￿rSOn. 20.000 online v5ews- HARCA Community FB Page sesstons in 500 engagements online CaN S-y•ar targets 2540 (CaN Lcoking Bad(-LcbJking Fo￿ard). 11 de5LYth5 each ofthe CON Team's J-year targets. This will be reviewed in Mai¢h 2026 based on whith Ihe su￿￿11ng year's grarht wll ￿ released. C(hMMIJNITIES & NEIGHBOURHOODS TRUST 3rity TEaiSitrtdnumbcr. 1207119 C￿ljanY rcgistcrtd number. 148J0224 TT&cu' Annual RcpvrT gnd Financial SL2iemenis fwtheJxriodeDthd 31 2025 Charitable grants and other community regeneration income received by the parent undertaking Poplar HARCA Poplar HARCA has r8eAived grants and other income from 8 numbw of sources to support its community regeneration activity. Poplar HARCA would like to thank the organisalions that have made contributions in cash and in kind to the Communities and Nei hbourhood Directorate. Grant fundin was Commrttèd from the or anisalions listed below.. 2025 2024 orga￿1$#110n Action Funder Active CotJ]mullities Nenvork Arc'teryx Equipment After School Club Barts Health NHS TTUSt Big Lottery Fwid (Reaching Communities) Boy Blue Room hire- British Canoeing Bikeworks Clario* Housirtg Common Ground Co East End ConJmuDity Foundaiion European S4xial Fund The Greaier LoDdon Authority Mamrnoih Scrttn Limited Grtjurtdwork London Borough of Tower Hamlets )ndon Marathon Fund LondoD Sport London VRU LPS Recharge Mayo15 Fund for London Active Communitie5 Network AEG Present Morgan Stanley Mount Anvil National Lottery Need to Su¢¢¢ed East London FouDdatiotL NHS Tn P3ddlt UK Port of London AUtI￿lty Queen Mary University of London Rangoonwala Foundatio Refugio Proje¢t The Royal London Hospital Safe East Room Re¢harge South Gloueesiershire College SPWC Nursery Sureserve Fouttdatio Sustrans Sport England TED LLP- Community Chest Fund GP Care Group CIC Youth S¢tbal Presciber University of Fast London 5,000 5,000 98.052 70.704 12,100 10,130 4,167 38,(KKI 12.212 30,900 272.936 570,000 18.066 31.8 280,120 410,711 9,491 776.274 91,250 692,838 26,750 8,000 121.742 104,092 4.0(K) 15,01>0 1.5CK) 600 iO,O(K) 114.683 5.500 55.222 8.180 51.620 2,615 4,51XJ 967 7,51K> 7.700 22,500 4,500 74.736 11,250 81,510 51,395 10.000 3,510 61.065 io,o(M) 16.oc 43,289 41,000 60,597 9,229 2.451.780 2.133.723 COMMUNITIES &NEIGHBOURHOODS TRUST Chanty [c9s￿￿dnurnbcr. 1207119 Ctyrnwy rt8iMertd rtumber. 14830224 TN5teeg Annuil Rep￿3￿0 Fin￿¢1￿[ Staiernents fortheprriod endEd 31 M4rch 2Q25 Financial reviow During the period lotsl donation received as form of Gift aid £3.341.51712024.. £3,500.000). Al 31 of M8rch 2025 the charity had net assets of £237.846 12024." £206.7661. Funds worth of £237,846 {2024'. £206,766) shown in these financial statements. cash flow fwecast showing a signthcant healthy position. The Trustèes havè reasonable expectab.on that the Trust have adequate resources to continue operating for the next ￿efve months. Structure, governance and management The Communities and Neighbourhoods Trust ICaN Trusll incor[￿ted on 26th April 2023 as Private L*nited Compony by guarantee wthout share capital use. nf'knmit8d' excmpth"on_ The CaN Tnjst was regislered as UK Charity wtth Charity commissK)n UK on 20ih Febft￿ry 2024. The Charity's Truslees who seNed as Trustees in the finanrial period ended 31 March 2025 were as folkw4S= Dr Paul 8rickell £hair Steve Stride Babu Bhattercheriee They were selected according to their knovAedge of the area of benÈfiL their familiarity with aspects of the Charities, work and expertise relevant to the Charities. operations. The Charity relies on the donakn.on rt recÈ¥ves Irom its membership and events lo cover its operating C￿Sts. The Charity's govemance is kept undèr regular rewew lo confimi the tenns ofapwntment, re-appointment process. rotatson of Trustees etc. Ongoing Support and Training Trustèes will be offered ongoing training opportunities and be kept up to date ChaiTty Commission guidance and poli¢y nèws through the tr*)ard meetin9s and via email. They will be inviie(I to attend re￿vant trainin9 pertinent to their roke. SLKh as= Health and Safety Employment Law Financial Management Diversity 8nd èoual opportuniti.ès Safeguarding This training may be in a collective setting. individual and may be provided either in-house or from other reputable training providers. Trustees wll be kept up to date. by email. on updates from the Chafity Commiss￿, Companies House. TnJstee Network, Develop, or other nalional support ory8nisations. Public benefit In shaping our obiÈckn"ves for the peri(MJ and planning our ac￿￿tieS. the Tnjstees have considered the Charity Commission's guidance on public benefit, induding Ihe guidance on publ￿ benefft and fee charging. The Charity reliès on the gift aid donation from the parent undertaking p￿ar HARCA to cover ils operating costs. The Ch8rity is dedicated to helping local communities and regeneration programme. MUNlnFS &NEIGHBOURH(X)DS TRUST Charity ￿81￿ttrtd Mmbty-. 1207119 trgiSi¢rtdnumber' 14830224 Trtwecs'knu￿ Repon3Trd FIn￿)CIal SLqieJn foTthc peri￿ EndEd 31 Mawh 202S Going ¢on¢em Afterreviewing the CaN trust's stratwc trMJsiness planning and control prctedu￿s. the Board has a reasonable expectation that the trust has adequate resources lo conlinue operating for the foreseeable future. The directors have received confimiation th8t Poplar HARCA Limited intends to SUPPLTrrt the company for 8t least one year after these financial statements are signed. Poplar HARCA Limited, the parent, wll continue to provide financial and other support for the next twelve months after the Finan¢ial Ststements are sygned, lo enable the trust to Ira¢Je in the normal course of business and Jt is the intentK)n for Pcytsr HARCA to Con￿nUe this suwort in the foreseeable fijture. It is ihe opinion of the direciors th81 the use of the gcang c￿ceM basis of accounting is appropriate. Future plans CaN Trust plan are changing poverty in Poplar for the next 1(X) years. eliminating the rx)vety that stops our rèsidents from achieving their potential and en¢Jing the generaiwl cyde of povety in PO￿3[ for good. Key fvture a¢tivities are.. Secure further fvnding for Well One. Expand services and network to more areas in LBTH. D8v8lop partnerships to extend accèss to menial h8alth serV￿eS for our resklents. with a particular focus on early years. Focus on strengthening our childcare provis¢on. this inclLKles fiJrther training for staff. Delivér our serV￿È offer to most Vulnerab￿ groups including disabled petsp￿ and Care leavers. Deveh)p curriculum for training housing managers to achieve Lèv814 and Level 5 Qualrfication for Housing Managers. Exp8nd our serwce fortraining 8n(l empk•ymentsupportto lh￿ in Iowskilwow paid lobs and progress th•m into belter jobs. Explore funding from EECF to expand our digital skills offer. Create new WOFk- based programmes linduding Iraineeships. work experience and vccational education) through Spotlight's creative and active programme. Further develop Spotlighfs youth service palhway from eng&Jement within ihe creative arts and sports to creating pathways into education. employment & Iraining. COMMUNMES &NEIGHBOURHWDS TRUST Charity EVSiSkred ryJrnbcr. 1207119 Cryy re8iSieJEd nu￿￿¢￿. 14830214 Try&vs'Annual Report and Fin4nci¥l StaieTlltnts fortheptnf*lended 31 MAKh 2025 Principal Risks and Uncertainties The Trustees can ¢onfim that they have ¢arried out a robust assessment of the prinapal risks facing the trust, including those that woukl threaten its business model and future performance. Key risks are bekjw". Funding sources drying out. Funding competilion is high. Duplication of servicesl¢ompetition from other large providers. Cyber security. New legislation 8nd Compliance required by Housing & other regulat¢yy bt)dies. H2rd-to-￿ach and highly vulnerable re5Klenls in our pal¢h require greater reswrces and staffing level to engage arKI progress them lo maximise oprx)rtiJnities. Above risks will mitigate with future partnetships outside of Poplar alh)w trust to diversify income sources. regèneration projects create employment & enterprisè opportunitiès for l¢Kal people. diversffjication of services based on new needs and funding opportunities e.g_ Health & Well-being and new green spaces prowde opKK)rtunities to expand CaN's greening pro9ramme. Reserves pollcy CaN Tnjst aim to maintain a general reseNe of unrestricted funds suffiaent to meet its financAal, legal arKF moral obligat￿)nS to its servicè usèrs. employees and volunteers and to all relevarbt atrthorities_ The Trustees believes that ieserves are prudent and necessary to ensure that the trust wi run effi¢ièntly and meet futu needs. COMMUNrtlES &NEIGHBOURHOODS TRUST Chtitity rtgisiered nurnber. 1207119 Cornpahy regiyered fftwnber. 14830224 T￿￿'ANnuAl RepDry 8nd Financi31 Stalernen15 fOrthcpen￿ endcd 31 Marth 2025 statement of Trustees. responsibilities in respect of the Trustees. Annual Report and the Flnancial Statements The trustees are responsible for preparing the Twstees. Amual Report and the financial staiements in accordance with applicable law and regulations. Company law requirès the trustees to ￿pare financial ststements for ea¢h finan(?al year. Undw that law they have are quirèd to prepare the financial siatements in accordance wth UK Accounting Standards and applicable law (UK Generalty Accepted Accoun¢ing Pra¢ti¢e). induding FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Irelandl. Under Company law the tnjstees must not approve the financial statements un￿sS they are satssfied that they gNe a true and fair view of the stste of affairs of the charrtablÈ cxjmpany and of thè éxc￿ of income over expenditure for that period. In preparing these financial statements. the trustees are reqUI￿d to.. select suitable accounting policies and appty them consi51enty,' make judgements and estimates th81 are reasonable and [￿￿lent. slate whelher applicable UK accounling standards have been folkjved. subject to any malerial departures disclosed and explained in the finan¢ial statements: assess the Company's a￿lty to ¢ontinue as a g)iThJ conc£m. ￿￿¢￿Sir0. as app1Kab￿. matters ￿lated to going CC￿ceM.. and use the going concern basis of acLounting unlttss they either iniend to Itquidat8 the c4Jmpany or to cease operatK)ns or have no realisti¢ altemative btrt to do $0. The trustees are responsib￿ for k$eping adequate accounbng rècords that are sufficient io shtyw and explain the chantable company's transactions and disclose with reasonable a¢¢uracy at any time the financia1 ￿Sition of the tharitable company and ènable them to ensure that the finanaal slatements comply wth the Companies Act 2006. They have general responsibility for taking such steps 8$ arÈ reasonabty open to them to safeguard the assets of the charitable company and td prevent and detect fraud and other irregularities. The Trustee are responsible for the maintenance and integrity of the corporate and finanGial information included on the company's websitè. LegislatKJn in UK goveming the p¥eparats"on and dissemination of financuql statemenls may differ fromlègislation in other jurisd￿tl0r￿. Dlsclosure of inforrnation lo auditors Each olthe persons vkno a￿ Trustees at the b.me vthen this Trustee5' report is approved has confirmed that so far 8$ tt7at Trustee is aware. the￿ is no relevant audit infomalK)n of whth the ¢haritys audittsrs are unawa￿, 8nd that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit infomiation and lo establish that the chartys auditors are awdre of that inf0m￿trOn. COMMUNIT]LS &NEIOHBOUiiHOODS TRUST Ckntity rtgisi¢r¢dMum&r 1207119 Compthy rtpmeted thurnber. 14830224 TruStre¥ Annuil Reportathl Finw￿Val Sthieme4)IS forthEpeThod cndEd 31 March 2W25 Auditors The auditor. MHA, prèvioLJsly traded Ihrough the legal entty Maclntyrè Hudson LLP. In response to regulatory changes, Maclntyre Hudson LLP ceased to hold an audit registrat￿n with the engagerneni tran$rtioning to MHA Audit Services LLP. In accordance with SectK)n 487 of ihe Company A¢t 2¢X)6. the audrtty wll be deemed to be r8appoint8d and MHA Audit Setvices LLP tradiThJ as MHA as audilois wll therefore continue office. Approved by order of the members of thè tx)ard of Tnjstees and svJned on Ihew behalf hy.. nu Kumar Bhattacheii. Board member Date of approval= 10th September 2025 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITIES AND NEIGHBOURHOODS TRUST Opinion We have 8udiled the financial ststements of Communities and Neighbouthoods Twsl {th$'CompanVI for Ihe period ended 31 March 2025, which compnsÈ thè Statement of Finanual ad*￿tIèS. the statement of Fin8nci81 ￿sItIon. the Stalement of Cash Flows and the related notes, including a summary of significant accounting policies. The financAal reporting framÈwork that has been applied in thèir p￿paratIon is applicable law and United Kingdom Accounting Standards. incluijing Financial RÈwtin9 Stanllard 102 The FinancAal Reporting Stsntsrd applicable Tn the UK and Republi¢ of Ireland. (United Kingdom Generalty Accepted Accounb"ng Pradicel. In our O￿niOn. the financial slatements.. oive a true and fair v￿W of the state of the Company's affairs as at 31 March 202.5 and of its profit for Lhe perfo then ended", have been propétly prepared in accordanc￿ with United Kingdom Generally Accepted Accouniing Prac￿Ce. and have been p￿pared in accordance with Ihe requffements of the Companies Act 2006. Basls for opinion We conducted our audit in acc4)rdan¢e Intemational Starbdards on AU￿￿"ng IUKI IISAS IUKII and applicable law. Our responsibilities under those standards a￿ further ¢Jescribed in the Audilors. resp)nsibilities for Ihe audit of the finanaal statements sedion of (￿r rewrt. We are independent of the Company in accordance wth the ethical requirements that are relevant to our audit of the financial statemenis in the United Kingdom, including the Financial Reporting Counul's Ethical Standard and we have fu￿111ed our other ethical responsibilrties in accordance wrth thesè rèquirements. We belw? that the audit evidence we have obiained is SUff￿ent and appropriate to provide a basis for our opinion. Conclusions relating to going concern In auditing the financial stalements, we have concluded thal the Trustees. use of the gryng corrRm basis of accounting in the preparation of the financial statemenls is appropriate. Based on the work we have perforrned. we have not idenlffie(l any m*erial uncertaintie5 Telating to events or conditions that. Individu31￿ or collectivety. may cast signifi(3nt doubt on ihe Company's ability to continue as a 90ing concern for a period of at least twelve months from when the f￿an￿al statements are authortsed ftsr issue. Our responsibilitie5 anij the resp(￿sIb￿lI￿S of the tiustee wilh respect to goiny ¢on¢8m are deSCri￿d in the relevant sectK)ns of this report. Other infom)ation The other infomation comprises the information included in the Ar)nval Report other than the financial statements and our Audilors, Report Ihereon. The trustee is responsible for the other information ¢ontsined within the Annual Rewrt. Our opinion on the finan￿&7 statements th)es not cover Ihe other inf¢ymalion and. except to the exienl otherwise explicitly ststed in our report, we do nol express any f￿M of assurance conclusion thereon. Our responsibility is to read Ihe other informalion and, in doing so, Consider vthether the other infomiats'on is materially in¢onsistent with the financial stslemenls or our knowledge obtatrhed in the COU￿ of the audit, or olherwise appèars to be malerkHlly mi5ststed. If we identfy such material inconsistencies or apparent material misstatements. we are required to dete¥mine whether this gives rise to a material misstatemenl in the finanaal statements themselves. If. based on the work we have performed, we conclude that there is a materi81 misststement of this other infonnati(M. we are required to report that fact. We have nothin9 to rew in this regard. 10 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITIES AND NEIGHBOURHOODS TRUST Opinions on other matters prescr•bed by the Companies Act 2006 In our opinion, baseil on the WOTk undertaken in the ¢our5e of the audit-. the information given in the Trustee's Report for the finanryal peri￿1 which Ihe financial slateménts are prepared is consistent with the finanaal ststemerhts: and the Trustee's R8pc*t have been prepared in acc￿danCe with appluble legal requiremenls. Mattets on which we are required to report by exception In the light of the kno￿adge and undèrstanding of the Company and tts enwronment obtained in the course of the audit. we have not identified material misstalements in the Truslee's Report_ We h8vÈ nothing to report in ￿spect of the followng rnatt￿ in relation to the Cornpanles A¢1 2006 ￿QuireS us to report io ythj If. in our opini(y)". adequate 8¢counling records havè not tleen kept. or ￿tUrnS ats]uate for our audrt have not been ￿ceIVed from branches not vrsited by us.. or the financial statements are not in agreement wth the accvunb.ng rec(￿d5 and ￿uM$. or eèrtain disclosu￿S of trustee's remuneration specTfied by law 8re made; OT we have not ￿ceiVed all the infomiation and explanaliors we require for our audil. Responsibilities of Trustees As explained morè ftjlly in the Tnjstee's Responsibilities Statement set oul on page 6. the trustees is responsibl& for the preparation of the finanGial slalemenls and for being satisfied thal they give a true and fair view, and for such internal control as the trustee determines is necessary lo enab￿ the p￿paratI(￿) of financial statements that are free from material rnisstatement. whelher due to fraud ￿ error. In preparing the financial statements, the trustee Is responsible for assessing Ihe Compan￿5 abilily lo continu8 as a going concem. disclosing. as appI￿￿e. matters related to going Concem and using the going concem basis of accounting ufi￿ss the trustee either inlends to liqU￿ate the Company or to cease operations. or have no realistic atternatsve but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance aly)ut whether the finan¢ial statements as a whole are free from material rHisstslement. whether due to ffaud or error. and lo issue an Auditors. Report that includes our opinion. Reasonable assurance 1$ 8 high level of assurance. bul is not a guarantee that an audit conducted in accudance wth ISAS IUKI will always detecl a material rni55talement when it exists. Misstatements can arise from Iraud or error and are considered material rf. indNidualty or in the aggregate. they could rèasmabty b8 exp8Cted to influertt the econornic decision5 of usèrs taken on the basis of these financial stalements. Irregularities, inGlvéing fraud. a￿ instances of non-compliance with laws and regulations. We design procedures in line th our responsibilities, outlined abovè, to detect material misstatements in respect of irreguLarities, including fraud. The exlent to which our procedures are capable of detecting irregulanlies, including fraud is detaikd bel¢)w." enquiry of management and those Charged govemance around aclual and polential litigath)n and daims. . enquiry of èntity staff in tax and complkance funclions to identrfy any instances of non-¢omplian¢e with laws and regulations.. perfoming audit Work over Ihe risk of management override of cA)ntrols, induding tésting of1￿mal entries and other adjustments for appropriaterhes5. evaluating the business rationale of Sgnificant transact*)ns outside the Ksrmal course of business and rev￿wing accounting estim8le5 for bias", • reviewing minutes of meetings of those charged wlh govemar¢c£" • reviewng financial statement disclosures and testing lo supporting dO(￿MeDIatr)n 10 8CLess (x)mpliance wth applicable Lgws and regulalions. INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF COMMUNITIES AND NEIGHBOURHOODS TRUST Because of the inherènt limitations of 8n audrt. thére is 8 risk that we wll not detect all irregu18rities, including Ihose leading to a material misstatement in the financial statements or non•O)mpliano regulation. This risk incrèases the more that ￿MplianCe with a L4w or regulation is removed from the evenls and transadions reflected in the financial ststements, as we will be less likely to become aware of instancès of non-compliance. The risk ts also greater regarding iThegularities occurring due to fraud rather than error. as fraud invofves intentional concealment. f(x9ery. CO1￿lS1On. omission or misrepresentation. A further description of ¢)ur responsibilities the audit of the financyal slatements is bcated on the Financi81 Reporting Council's website al.. www.frc.or .uklaudilorsres nsibililies. This descnption forrns part of oui Auditors. Report. Use of the audit report This report is made s(Aely to the Companls members. as a tM*. in accordance with Chapter 3 of Part 16 of the Companies Acl 2006. Our audit work h85 been undertaken so ihat wè M￿h1 state to the Companls members those matters we are required lo state to thern in an Auditors. Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility lo anyone other than Ihe Comp8ny and tha Companls memi)ers. as a b¢x1y. for otsr aL*Jit work. for this report. OT for the op￿lon5 we have fomied. Elizabeth Newell BA (Honsl FCA ISen*)r Statutory Auditor) for and on behalf of MHA Milton Keynes Chartered Accountants Statutory Auditor D*.. 30 1¢9 1 MHA is the trading name of MHA ALKlit Services LLP. a limited Ih?bility partnership in England and Wales (registered number OC4555421. 12 COMMUNIT￿s & NEJGHBOURH(KIDS TRUST Charity r¢gistrRd nu[n￿r.. 12071 Tr9 Company reg15tCTed number. 14830124 TTuS*cS' Annuttl Rtp)rt4nd Financial StstErncnlS forthepttl0d￿ded3l MAtch 2025 Statement of Financial Activities Period ended 31 March 2025 Unre$tri¢ted Funds Restricted Fund$ 2025 2025 Total 2025 Total 2024 Note Income from Gift aid from parent undprtaking Grant income 3,341,Jf17 3.341,517 3.500,000 Totsl in¢ome 3.341.517 3.341,517 3.500,000 EX￿ndIt￿r* on Charitable activilies 13.361.374) 13.361.374} 13.293,2341 Total expenditure (19.857) (19.8571 2&5,766 Interest receivable and similar ir￿orne 50.937 50.937 Net Incomellexpendlturel 31,080 31,080 206.766 Net movem•nt in funds 31.080 31,080 206.766 Reconcilialion ofFunds Total lunds bmught fO￿ard 2C6.766 206.766 Total funds Carried fopward 237.846 237,846 206,766 All income and expenditures derive from conb"nuing a¢tivibes. All re￿gnised gains and k)sses are tnduded in Ihe Statement of Financial Activities. The notes on pages 16 10 21 form part of the financial Ststemer￿. 13 C(IMMifNmES & NELGHBOURIIOODS TRUST Ch&rity rt#isknvJ nwnber. 1207119 Cwnpany rt$iSt¢red number." 14830224 Tr￿*$, Annual Rep)ff and Finaricial StaiemtThL% for the r*riDd ended 31 Match 2025 Statement of Financial Position Period ended 31 March 2025 Note 2025 2024 Current assets Cash anL1 cash equivalents 536.095 3.500.000 536.095 3.500,000 Creditors- amoLbnts falling due within one year 1298.2491 13.293,2341 Net eurr•nt assets 237.846 206,766 Nèt assets 237.846 206,766 Funds Unrestricted funds Restricted funds 237.846 206,766 Total charity funds 237,846 206,766 The notes on pag8s 16 to 21 form part oflhe ffinancial slatements. The Trusiees aCknO￿edge their responsibilrties for complying wlh the requirements of the Companies Ad wlh respect to accounting records and preparation of financial ststements. The financial statements have been prepared in aLxordance with Ihe provisions applicable to entities subject to the small companies regirne. These finandal statements were approved and authorised issue by the Board of Trustees and signed on ils behalf by.. Alanu Kvmar Bhatta Board member eriee D8te of 8pproval". 10th September 2025 14 COMMift4lTIES & NEIGHBOURHOODS TRUST Ch¥ity tegiste￿d nurnbtr. 1207119 coM￿Y registered n￿￿￿er 14830224 Tn￿e¢¢AnDUll REpon and Financial Slaltrn¢nts Iortht tnded 31 Maf¢h 2025 Staternents of Cash Flows Periad ended 31 March 2025 Note 2025 2024 Cashflow from operating activities Surplus(deficit)for Ihe period Adjustrnenls for non-cash items.. DecreaselliriLreasel In trade and other debtors Increaselldecrease) in trade and other cre£￿tr￿S {19.8571 206,766 12,994.9851 3,293.234 Net cash provlded by operating actlvltles {3,014,842} 3.500,000 Cashflow from invesling aclivilies 50,937 Net cash from Investing actlv5ties 50.937 C8shflow from financing acbvities Nèt cash frivn financing activitie$ Net chang• in cash and cash •quival•nls 12.963,9051 3.500.000 Cash and cash equivalents al beginning of the per 3,500,000 Cash and cash equivalènts al end of thè pèriod 11 536,095 1500.000 15 C(WMirNmES &NEIGHBOURH(X)DS TRUST Chitity ￿gIStered numbEr. 1207119 Comwy regi5t¢rd numbcr. 14830224 Tru5tee5' Annual RepDM Financial Sthtemenis rtsrtht pthodtndtd Jl Marth 2025 Notes (forrning part of the financial ststements) Period ended 31 Mareh 2025 Accounting poliei•s Communities & Neighbourhoods Trust is regislered as a limited company by guarantee and is registered in England and Wales. The registered off¢e 1$ 155 East India Ood( Road. London. Unrted Kingdom. E14 6DA. Figures in the finanual stslements and the notes h8ve been r(wnded to the nearest number in GBP. Basis of preparation Thè financial stalements have been prepared in accordance wth Ac£Dunting aThJ Rewrting by Ch8rities'. Ststemènt of Recornmended Practice applicabk to tharities preparing their accounts in accordance with the Financia1 Reporting Standard applicable in the UK and Republic of IreLand {FRS 1021 (effective 1 January 20151 {Charities SORP {FRS 10211, the Finanaal Reporting Standard applicable in the UK and Republic of Ireland IFRS 10213nd the Companies Act 2006. The financjal statements have been prep8red on a going co￿eM basis which the Trustees consider to be appropriate for the following reasons. The business m¢>Jel of the charily is such thal its charitabb acb"vities are lirniled lo those which il has sufficiènt funds to SUPPOrt fi¢m the excess of funding received over ihe cosls of administering the charity. The charity therefore has no SpeCrf￿ commitments and no CA)Mmrtt￿ u)sts beyond rts fixed costs of operation. The Trustaes have rewewed the cash flow forecasts for a period of 12 rnonths from the date of approv81 of these financial statements which indicate that. tsking account of Seve￿ but plausible downsides, the charity will have sufficient fvjnds. to meet its liabilities as they fall due lor that peric*J. The truslees therefore continue to adopt the going cor￿rn basis in weparing the annual finanual statements. Basis of accounting The financial statements are prepared in accordance with the histori¢81 ts)st etjnvention. The financial statements are prepa￿d on 8 going concem basis. GoÉrtg conc8m Funds worth of £237.84612024.. £206,766) shown in these finanual ststements. cash flow forecast sh¢)wing a significanl healthy position. The Trustees have reasonable expectation that the Trust have adequate resources to continue operating for the foreseeable future. It is the opining of the Trustees th8t the use of going concem basis of acccAJnling is appropriate. Income Income, in¢ludin9 grants. is recognised when the charity ha5 entitlement lo the funds. any perf0rrnan￿ condilion5 attached to the itemlsl of income have been meL il is probabje Ihal the income VAII be ieceived. and the amount can be measured or estimated reliably. Income from donations is rÈcognised vA)en there is evidence of entitlement to the gift. ￿ceIpt is probable. and its amount can be measured reliably. Expenditure Expendilure is recognised once there is a legal or construcbve obligation to mak8 a payThent to a third party. it is probable thal settlement will be required, and the amount of ihe oblBJatKJn can be measured reliably. Payments made lo third parties during the perio(l frjr g￿lS or seThices that relate to peri(xls after the peri¢>J-end are disclosed as prepayments and shown in detjtors. Goods or seNces that have been received or supplied by third parties dvring the period, bLJt an invoti has not been recewed by the year*nd are accrued and are disclosed in accruals 8nd shown in creditors. 16 Chwity ￿gistered nutnber. 1207119 rgi51Erednumber. 14830224 Ar￿Ual Rtp)n and Fin&M21 swem￿ls for thtpcr￿>j endedJl Ma￿h 2W25 Notes (forming part of the financial ststements Period ended 31 March 2025 Expertditurè leontinued) No VAT is re¢overable on experKlrturÈ ineijrred gwèn all inrxbme rèlates Io 8CtivTrkn"es either exernpt or outsidé the seope for VAT purposes. Irrecoverable VAT is charged as a cost against the activrty for %thich the expenditure was incurred. Cash at bank and in hand Cash at bank and cash in hand in¢ludes ¢ash and short tem) highly liquid inveslments a short malurity of three monlhs or less from the date of acquisition or opening of Ihp. deposit or simi18r 8cGouiil. Credltors Creditors are recognised where Ihe charity has a present obligation resutting from a past event that will probably result in the transfer of funds to a third parly and the amount due to seltle the obligation Gan t* measured or estimated reliably. C￿dItorS are recognised al their settlemenl amount after allowng for any trade discounts due. Fund accounting UrJr&strict8d funds Unrestricte¢J fuftds a￿ availabk f(x use at the di$￿tic￿ of the Trustees fvrthernn¢e of the general objectives of the charity. RestflGted reserves Restricted resèrv8s are subjected io restrictions on their expenditure iM[￿d by the dCI￿rS. Donallons There were no don8tKins re¢eived during the period except Ihe Gift Aid donation of £3,341,517 {2024: £3.500.000) from the parent Undèrtaking Poplar HARCA. 3 Grant income A service ￿Ve1 agreÈmÈnt has been agreed bètwèèn the Poplar HARCA and Thé Communrties & Neighbourhood$ Trust IC8N Trust). Poplar HARCA carries on all the CaN Trust aclivthes and recharge the net cost to CaN Trust at period end. Gr8nt income. expenditu￿ and an allccation of Poplar HARCA'S costs reLaUng to community regeneration is accounted for within the Statement of Comwehensive In(y)me. Funds received trom government sources are accounted for uS￿g the atxru81 mtyjel, where funds are held within deblorsl¢reditors released to income in line wth expenditure. Funds received from non-govemment sources are accounted for using the performan￿ model. Revenues are recognised only when the revenue recognition criteria are satisfie(l_ A giant received before the revenue ceLwnition criteria are satisfied Is recognised as a liability. COMMUF41TJES &NEIGH8OLIKWDS TRUST tegis*red N￿ber. 1107119 CompaDy tegt5terrJJnllthr. 14830224 TTD*ttS'Afftnual Ryrtand Finartcièl 5taiements foy the PEriixltndtd 11 Marth 2025 Notes (forming part of the financial stalementsl Pèrlod ènd•d 31 March 2025 4 Expenditure on charitable activities 2025 UTrrestrl¢ted 2025 Restricted 2025 Total Recharge from Parent undertaking 3.361.374 3,361,374 3,361,374 3,361.374 2024 Unrestricted 2024 Restricted 2024 Totsl Recharge from Parenl undertaking 3,293,234 3,￿3.234 3.293.234 3.293.234 Net incomlngl{outgoingl resources for thè pèriod This is stated after¢harging.' 2025 2024 Audit fee of Ihese financial statefflents 12.700 10,800 Remungratlon of trustees During the period. no Trustees recewed any remunerabLN) ¢Y other benefrts. Durrng the pericml. no Trustee expenses have been incurred. Staff numbers and costs The average number of full-lime equivalent persons employed by the Company during the period was Nil {2024: Nill. No employee received rernunerab.on amounting to more than £60.000 in the peri(*J. 18 COMMUNtr]ES &NEIGHBOURHOODS TRUST Chlrity r¢gwEred numbEr' 1207119 CornpThy re8iStertd nultther. 148J0224 Tn&tt5' Annu&l Rcport and Financial Swtmtnts forthe ￿lL¥A ended 31 March 2025 Notes (forning part of the financial ststements} Period ended 31 Mar¢h 2025 8 Analysis of net ￿¢r+nt assets betwgon fun4J$ 2025 UnTe5trietèd funds 2025 Restricted Funds 2025 Total Cash at banks and in hand C1￿¢JitOrS due within one year 536.095 1298,2491 {298.249) Total 237,846 237.846 2024 Unrestricted funds 2024 Restricted Funds 2024 Total Cash at banks and in hand Creditors due within one year 3.500.000 {3.293.2341 3,5QO,000 13,293,234) Totsl 206,766 206.766 9 Analysls of change In net dèbts Al 26 April 2023 Cash flows Other non Cash At 31 March Changes 2024 Cash and cash equivalents Cash al banks and in hand Deposils 3.500.000 3,500.(KK) rolal Cash 3.500,000 3.500,000 Borrowings Debts dve within 1 year Debts due more than 1 year 13,293.2341 {3,293,2341 Totsl Borrowings 13.293,234) 13.293,2341 Net Debts 206.766 206.766 19 c(kwtlNITIES &I￿1￿H￿ollFJIOODsTRVST Charity regwered nurnbEr. 1207119 CornpBnyTEgiSttrtdnurnber. 14830224 Tnjslee¢A￿ll￿I R4)orrand Financial Statements forthe enthd 31 MaKh 2025 Notes (forming part of the financi81 statements) Period ended 31 Mar¢h 2025 At 1 April 2024 Cash flows Oihor non Cash At 31 March Changes 2025 Cash and cash equival•nts Cash at banks and in hand Deposits 3.500.(KrfJ {2,963.905) S36,095 Ttslal CBsh 3,500.000 (2.963.905) 536,095 Borrowings Debts due within 1 year Debts due more than 1 year 13,293.234) 3,014.774 119.7891 1298.2491 Total Borrowings 13.293.234) 3.014,774 119,7891 1298,2491 Net Debts 206,766 50.869 119.789 237.846 10 Taxation Communities 8nd Neighbourhotsd5 Trusl is considered to pass the tests set (Mjt in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it rneets the definition of a charitable company for UK corporalion tsx Purposes. Accordingly, the char is polentially exempt from taxation in respect'of irKome or capital gains received within ￿tegorieS covered by Chapter 3 P8rt 11 Corpuratlon Tax A¢t 2010 or Section 2S6 of the Taxauon of ChaTgeabl& Gains Act 1992, to the extent that such income or gains are ap￿led exclusivety to charitable purposes. No tax charges have arisen in the charity. 11 Anatysis of cash and cash equivalents 2025 2024 Cash at bank and in hand 536,095 3.500,000 536,095 3,500,000 12 Rglatod party The Communities and Neighbourhwds Trust is a wholly owned subsidiary of the Poplar HARCA Parent undertaking, the registered office is 155 East Indkl Dock Road, London. United Kingdom, E14 60A. Thre6 of the Gu￿ent Board directors ol Poplar HARCA are also Trustees of CaN trust. DLrring the period the po￿ar HARCA Limited provided 3 £3.3m gift aid donation to the Communities and Neighbourhoods Trust and recharged £3.3m lor the adivities p&formed as pw SLA on behaw of the Communities and Neighbourhoods Trust. Y￿￿U￿[rIEs &NEIGILBOURHOODS TRUST Chatity reyst¢r¢d nllrnber. 1207119 com￿nY regi5t¢r¢O number. 14830224 TDJ*tts'Arffj￿l Rewrtand Finantiil siaiernent$ forth¢ p¢ritytended 31 Marth 2025 Notes (forming part of the financial slatementsl Period ended 31 March 2025 13 Subsequent Events The Iruslees a￿ of the oynion that the judgements taken within the financial 5tatemeniS as at 31 March 2025 are still the appropriate judgements at the time of signing. The trustees are not aware of any further rnaterial matters or circumstances arising between 31 hAar¢h 2025 and the s￿n off dale of this reF￿ whKh will imp8d ttbe financial statements. 14 Capital ￿MMItMents At 31 hAar¢h 2025, the company had no capilal commTtments. 15 Operating lease commitmÈnts The Company had no (**nmilments U￿ler non