Charity Registration No. 211980 ROTHERHITHE CONSOLIDATED CHARITIES ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025
ROTHERHITHE CONSOLIDATED CHARITIES LEGALANDADMINISTRATIVE INFORMATION Charity number Trustees 211980 L. Zuleta (Chairl S. Cryan R. Livingstone M. Crawley A. White C. Telero A. Hood E. Mendy P. Messan R. White W. Griffiths D. Payne Father M. Nicholls Clerk to the Trustees M. Allgood Finance Manager M. C. Wilson Principal office clo Southwark Charities 42 St Mary Newington Close Surrey Square London SE17 2LP Independent examlner Patrick Crockford FCCA Flat 13 Drake Court Swan Street London SEI IBH Bankers Unity Trust Bank plc P.0. Box 7193 Planetary Road Willenhall WVI 9DG Investment advisors CCLA Investment Management Ltd. One Angel Lane London EC4R 3AB Brown Shipley & Co. Ltd. 2 Moorgate London EC2R 6AG
ROTHERHITHE CONSOLIDATED CHARITIES CONTENTS Page Trustees, report i-ii Statement of Trustees, responsibilities 12 Independent examiner's report 13 Statement of financial activities 14 Balance sheet 15 Notes to the financial statements 16-23
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The Trustees present their annual report and financial statements for the year ended 31 December 2025. The accounts have been prepared in accordance with the accounting policies set out in Note I to the accounts and comply with the Charity's governing document, the Charities Act 2011, and Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102) las amended for accounting periods commencing from l January 20161. Structure, governance and management The charity 15 governed by a Scheme dated 3 December 2024 whlch replaces previous Schemes and Amendments dated 12 July 2012, 9 February 1967, 16 May 1958, 15 January 1926 and 14 November 1905. The Trustees who served during the year are listed on page two. All Trustees, apart from the ex-officio Trustee, are co-optative Trustees. The ex-officio Trustee, Fr. M. Nicholls, is the rector for the time being of St Mary's Church, the Parish Church of Rotherhithe. The board of Trustees meets quarterly and manages the charity. The Trustees have establlshed two sub-committees of Trustees: A Grants Committee lest. 20231 that decides all recommendations of the applications put forward by the Clerk to the Trustee5 for community grants, hardship referral grants and pensioner stipends,. and a Recruitment Committee lest. 20241 to manage the recruitment of new Trustees to replace those Trustees that are retiring at the end of their current terms of appointment over the next 18 months. During the year, the Trustee recruitment pack was updated in preparation for recruitment of new Trustees. The charity's day-to-day grants and finance operations are carried out by Southwark Charities under a Service Level Agreement with the Trustees dated July 2022, Objectives and activitie5 After meetlng administrative and management expenses the charity's governing document requires the Trustees to apply the income of the charity in the following ways for the 8eneral benefit of the residents of the Ancient Parish of Rotherhithe (the Area of Benefit) that are in need, in particular by providing: lal Stlpends for older persons of state pension age living in the Area of Benefit meeting the criteria determined from time to time hy the Trustees; andlor Ibl Financial hardship grants, by referral from public or voluntary organisations in the United Kingdom, for adults lover 18-year-oldsl meeting the hardship criteria determined by the Trustees, towards e55ential replacement household items and equiprnent; and/or Icl Grants to charitable organisations and not for profit organisations, as determined by the Trustees from time to time, who promote or help to promote the Charity's charltable objects and who in turn provide services and initiatives for residents and for communities that are in need,. and/or Idl any other means as the Trustees consider necessary to prevent or relieve poverty for those living in the Area of Benefit.
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR EAIDED 31 DECEMBER 2025 The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities, including public benefit, the Charity should undertake. Achievementsi performance and flnancial review Rotherhithe Consolidated Charities IRCCI is one of several ancient, endowed charities that operate in the north of the London Borough of Southwark. Our charitable purpose is for the general benefit of resident5 living in the charity's Area of Benefit, the Ancient Parish of Rotherhithe, that are in need. The Ancient Parish of Rotherhithe is the area that lies to the East of West Lane and to the East of Galleywall Road and includes all of present-day Rotherhithe, Surrey Quays lor Surrey Docks) and Canada Water in the London Borough of Southwark. In terms of electoral wards, the Area of Benefit comprises all of Rotherhithe ward, all of Surrey Docks ward and small parts of North Bermondsey, South Bermondsey and Old Kent Road wards. The Charity'5 grants and activities are funded from income and some capital growth generated by its endowment, which since 2022 has been invested in investment funds through CCLA and Brown Shipley. The Charity has also, since 2023, received supplementary Parish grants from Henry Smith Foundation, as well as the standard Parish grant, to benefit residents living in the Parish of Rotherhithe that are in need. Grants to individuals Pensioner stipends The charity continued its progressive collaborative work with external agencies in 2025 to increase the number of pensioner stipendiary beneficiaries living in the Ancient Parish of Rotherhithe. Neil Coyle MP'S constituency office distributed further letters about the stipend to pensioners living in the charity's Area of Benefit in January 2025. Some of the pensioners that received the letter also attended the Dockland Settlements Rotherhithe Warm Hub during Winter 2025 and met the Clerk to the Trustees Ipictured, rightl to receive guidance and support on completing the stipend application form. Completed stipend applications that were received were assessed by the Clerk to the Trustees and recommendations on awards decided by the charity's Grants Committee. As a result of the constituency office's outreach, the charity was able to increase its stipendiary beneficiaries to a high of 88 in 2025, compared with 65 at the end of 2024 and 28 at the start of 2024- a trebling of beneficiaries in under two years. In 2025, 26 Stipend applications were received, of which 23 met the criteria and were approved for Stipends. 3 applications (including 2 that were incompletel did not meet the eligibility criteria and were referred to other local charities in Southwark for support, where appropriate. The charity supported 88 pensioners with stipend payment5 in 2025. During the annual certification process in Autumn 2025, 2 pensioner5 resigned, leaving 86 pensioner beneficiaries at the end of the year. 3 pensioners did not submit requisite annual returns, so the second stipend payment instalment was made to 83 pensioner5.
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 The charity extends it5 thanks to Neil Coyle M P's constituency office for helping the charity to extend its reach to those pensioners living in it5 Area of Benefit that are in need. This model of collaboration has been replicated by another parish-based charity operating elsewhere in Southwark, which we are encouraged to see. Sti end criteria The eligibility crlteria for stipends agreed by the Trustees are those people who,. lil are of state pension age, i.e. 66 years or above, lill have lived in the Acient Parish of Rotherhithe for at least 5 years, liiil evidence low income e.g. be in receipt of a means-tested benefit, such as pension credit and/or with the state pension as main Source of income, livl evidence low savings- below £8,000 for individuals and below £16,000 for a household, Iv) do not own their own property, {vil and are not a current member of the St Olave's United Charity. Sti end ments In 2025, the annual stipend was increased to £250 payable in two instalments of £100 at the end of June and £150 in mid-December. In June 2025, stipends totallng £8,400 were pald to 84 stlpendiaries. From December 2025, stipends totalling £12,450 were paid to 83 stipendiaries. The 3 pensioners that had not submitted requisite annual returns have been given a final reminder to do so by 31 January 2026. One stipendiary who was unable to reapply for the stipend in 2022 received a bacl(dated payment of £625 following re-application in 2025. As at 31 December 2025, 86 stipendiaries were beneficiaries of the charity. Total stipend payments for 2025 were £21,47512024'. £10.4751. "Good morning. Thank youfor the money, it helps me to payfor o dent15t after an NHS dentist was not oble tofill a tooth. Rotherhithe Consolidated Charities stipendiary, July 2025. hank youfor your SUPPDrt with the pt75t andfuture stipend payment5." Rotherhithe Consolidated Charities stipendiary, December 2025. "l am glad to confirm that the amount of £150 which you paid into my accounts for my pension is received with much gratitude. I pray that God will continue to ble55 you more for your giving. Finally W15hing you ond your team Merry Christmos and a wonderful New Year." Rotherhithe Cor)501idated Charities stipendiary, December 2025. Thank you very muchfor the money which really helped me out at Christma5." Rotherhithe Consolidated Charities stipendiary, January 2026.
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Hardship grants Hardshi rant a ments During the year, three hardship referral grants totaling £2,041.95 12024.. £2,302.61) were approved and paid to: Age UK Lewisham & Southwark towards a new mattress for an older adult living in social housing in Canada Water. Citizens Advice Southwark towards essential household items for a single mother living in temporary accommodation in Rotherhithe. Time & Talents towards a new electric cooker Ipicturedl and fridge freezer for a pensioner living in sheltered accommodation in Surrey Quays. '. ••••** "The delivery went retjllysmoothly. I'm reolly gratefulfor everything you've done. Thanks againfor your help with this-it's made o real differencel" Rotherhithe Con501idated Charities grant beneficiary, March 2025. Hardshi rant criteria The eligibility criteria for hardship grants agreed by the Trustees were those adults who: lil are living in the Ancient Parish of Rotherhithe, lill evidence low income, e.8. be in receipt of a means-tested benefit. or have no recourse to public funds, liiil evidence no savings, or low savings, livl whose referral application must be made by recognised public or voluntary sector organisations providing direct support in the area of benefit. Grants are one-off and up to a maximum of £1,000 for essential household equipment such as kitchen appliances, bedroom and living room furniture from recommended suppliers. Grants to or anisatlons Grants to or anisations awarded and aid 22 grants were awarded to voluntary & community organisations and charities in the year to 31 December 2025 totalling £82,942.00, compared with 27 grants awarded in 2024 totalling £80,600. See note 7 for details of amounts. Grantsto or anisations criteria Applicant organisations are required to discuss with The Clerk to the Trustees their proposals prior to applying on the Flexi-Grant online portal using the Rotherhithe Consolidated Charities application form. The Trustees agreed the following priorities for people living in its Area of Benefit, The Ancient Parish of Rotherhithe, that are in need.. low-income residents, families, younger people and children; older people living in isolation,. people with disabillties,. and activities to improve community cohesion. Eligible
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 organisations were those that supported residents in the Area of Benefit that were in need, and that were properly constituted with a minimum of three Management Committee members. Applications were assessed by The Clerk against the following assessment criteria and circulated with recommendation to the charity's Grants Committee, to scrutinise and decide grant applications in correspondence after five working days.. lil to what extent does the application benefit people in need in the Area of Benefit? lill does the organisation have a track record of effective delivery or, If the organisation is new, the experiencelcapacity to deliver the proposed initiative? liiil to what extent does the proposed initiative leverage other funds or support? livl are budget costs appropriateP Focus Core costs grants The charity is concerned about several key neighbourhood 'anchor' charities, who Serve large numbers of local residents living in the Area of Benefit that are in need, and that are currently struggling with i55ues ranging from rising cost5, reducing funding streams e.g. due to funders pausing or refocusing, and loss of key personnel. During the year, the charity awarded grants of £5,000 each to 3 anchor charities in the Ancient Parish of Rotherhithe - London Bubble, Surrey Docks Farm and Time & Talents Ipicturedl- towards core cost5 of their operations which benefit substantial numbers of people living in the area of benefit that are in need, following receipt of a satisfactory application form. Icr Children and Young People. The charity supports initiatives that benefit children and young people living in the Parish of Rotherhithe that are in need, given the recent closure of 2 traditional youth clubs in the area. During the year, the charity awarded 4 grants to community organisations and charities providing services and initiatives for children and young people from the Area of Benefit, such as the Bizzie Bodies holiday camp activities for children Ipicturedl. The charity also supported local football clubs Docklands JFC and Fisher Youth FC with grants towards pitch and player fees, and Collaborative Arts for lantern making sessions with children at Albion and Rotherhithe Primary Schools. Children Families and Youn Peo le's Network. We are delighted that Community 5outhwark has refocused its Children, Families and Young People's Network exclusively on youth provision in the Rotherhithe area and ha5 appointed Emilie Mendy and Richard White as its Chair and Co-chair respectively representing Bizzie Bodies and Ballers Academy. A number of very productive Network meetings were held in 2025 to explore collaboration between youth providers, and a special youth forum event held at Canada Water Leisure Centre for local young people to give their views on what they would like to see more of in the Rotherhithe area. "Safe spaces to hang out with friends" was a recurring theme, following the closure of the bowling and cinema facilities at Surrey Quays Leisure Park.
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Low-lncome residents. The charity supports initiatives that benefit low-income residents and families living in the Parish of Rotherhithe. During the year, the charity awarded 10 grants to community organisations and charities providing services and initiatives for low-income residents from the Area of Benefit. The charity supported Mads do & Mend C.l.C.'s clothing repair workshops at the Rotherhithe Community Centre Ipicturedl, as well as a number of grants to enable low-income residents and families to attend trips. The charity continued its support of local food providers Rotherhithe Community Kitchen and City Hope Church, continued its support of Citizens Advice Southwark's programme of Cost-of-Living support roadshows in Rotherhithe and supported Big Local Works to deliver welfare benefits advice to local residents in Surrey Quays Shopping Centre. Older people. The charity supports initiatives that improve the wellbeing of older people living in the Parish of Rotherhithe. During the year, the charity awarded 2 grants to community organisations and charities providing services and initiatives for older people living in the Area of Benefit. This included the 'Eat Well to Stay Well, project for local older people run by the Community Empowerment Support Organi5ation charity at Silverlock Hall, comprising healthy exercise and nutrition advice Ipicturedl, and an older people's Christmas party at Canada Estate Tenants Hall. Community cohesion. The charity supports initiatives that bring together residents from diverse communities in the Parish of Rotherhithe and build community cohesion. During the year the charity awarded 2 grants to activities building community cohesion in the Parish of Rotherhithe, including 2 free annual community festivals The Rotherhithe Festival, and The Bermondsey Carnival at Southwark Park Ipicturedl. Both festivals bring together a large number of Rotherhithe residents in need and provide free children's rides and high- quality free music entertainment. A'l W People with disabilities. The charity supports initiative5 that improve the lives of people with physical, mental and learning disabilities from the Parish of Rotherhithe. During the year, the charity awarded 2 grants to community organisations and charities providing services and initiatives for people with disabilities living in the Area of Benefit. This included a swimming initiative and Collaborative Arts who worked with Bede House's Learning Disabilities clients to create lanterns for the Illuminate Rotherhithe lantern parades.
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Grants reach As part of our grants process, we require funded organisations to subrnit an end of grant Impact report which can be summarised 35 follows. Grant Year Completed grants Numbers from Area of Benefit Numbers from Ethnic minority communities Numbers of people with disabilities 2025 IOof22 5,991 3,002 604 2024 25of27 8,551 3,678 1,160 2023 22of22 6,498 3,392 1,285 Charitable giving in 2025. Our charitable giving in 2025 can be summarised as follows: No of grants Amount 22 Type Grants to organi5ations Pensioner stipends Hardship grants Total £82,942 88 £21,475 £ 2,041.95 £106,458.95 113 Future plans The charity's Recruitment Committee interviewed 2 applicants for Trusteeship in 2025, with recommendations and appointments expected to be approved by the board of Trustees in 2026. Further Interviews for Trusteeship have been arranged in 2026. Trustees must either live, or work, in the charity's Area of Benefit, the Ancient Parish of Rotherhithe (Rotherhithe, Canada Water and Surrey Quays) and must further the charity's mission. 10
ROTHERHITHE CONSOLIDATED CHARITIES TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2025 Flnancial review The Charity had a surplus of income over expenditure before investment gains/llossesl for the year of £53,38112024.' £46,656). The FTSE 100 experienced some turbltlence in Sprlng 2025 due to the announcement of President Trump's trade tariffs. In 2025, CCLA'S capital performance was disappointing, whereas Brown Shipley's was good. However, income distributions from both investment managers were satisfactory, Overall. the investments grew by £14,722 forthe year12024'. gain of £253.6701 with the Brown Shipley capital performance offsetting CCLA losses. As a result, the overall surplus for the year was a satisfactory £68,10312024.' surplus £300,326). Funds at the year end were £6,406,88212024: £6,338,779). Within the Area of Benefit, net stipend and hardship referral grant payments of £23,516.9512024'. £12,778) were made. Institutional grants amounting to £82,94212024'. £80,600) were made. Reserves pollcy It is the policy of the Charity that unrestricted fund5 which have not been designated for a specific use should be maintained at a level to provide investment income sufficient to cover grants and administrative costs. This level of reserves has been maintained throughout the year, Investment policy The Trustees have delegated the investment management responsibilities to thelr investment adviser5 who have managed the funds with the objective of providing high and growing levels of income. Risk management The Trustees have identified and assessed the major risks to which the Charity is exposed and are Satisfied that systems are in place to mitigate exposure to the major risks. The Trustees, report was approved by the Board of Trustees on 3 February 2026 and slgned on their behalf by: Signed.. L. Zuleta Trustee
ROTHERHITHE CONSOLIDATED CHARITIES STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2025 The Tru5tee5 are responslble for preparlng the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to charltles In England and Wales requires the Trustees to prepare financial statements for each financial year which glve a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that year. In preparing these financial statements, the Trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and prlnciples In the Charlties SORP,. ake judgements and estimates that are reasonable and prudent; state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responslble for keeping sufflclent accounting records that dlsclose wlth reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity IAccounts and Reports} Regulations 2008 and the provislons of the trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities, t2
ROTHERHITHE CONSOLIDATED CHARITIES INDEPENDENT EXAMINER'S REPORT TOTHE TRUSTEES OF ROTHERHITHE CONSOLIDATED CHARITIES report to the Trustees on my examination of the financial statements of Rotherhithe Consolidated Charities Ithe Charity) for the year ended 31 December 2025. Responslbilities and basls of report As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requlrements of the Charitles Act 2011 (the 2011 Act). I report in respect of my examination of the Charitws financial statements carrled out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the 2011 Act. Independent examiner's statement Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement of Recommended Practice Issued on l April 2005 which is referred to in the extant regulations but has now been withdrawn. l understand that this has been done in order for financial statements to provide a true and fair view in accordance with U.K. Generally Accepted Accounting Practice effective for reportin period5 beginning on or after l January 2015. 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 that in any material respect: lil accounting records were not kept in respert of the Charity as required by sectlon 130 of the 2011 Act: or lill the financial statements do not accord with those records; or Iliil the flnancial statements do not comply with the applicable requirements concerning the form and content of account5 set out in the Charities IAccounts and Reports) Regulations 2008 other than any requirement that the account5 give a true and fair view which is not a matter considered as part of an independent examinatlon. I have no concerns and have come across no other matters In connectlon wlth the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial Statements to be reached. Patrick Crockford FCCA Flat 13 Drake Court 12 Swan Street London. SEI IBH Dated.. zoz 13
ROTHERHITHE CONSOLIDATED CHARITIES STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2025 2025 2024 Notes Income from: Donations and legacies Investments 10,200 183,245 10,300 173,720 Total income 193,445 184,020 Ex enditure on: Ralsing funds Charitable activities 33,605 43,986 106.459 93,378 Total resources expended 140,064 137,364 Net Eains/ Ilosse51 on investments li 14,722 253,670 Net movement In funds 68,103 3(X),326 Fund balances at l January 2025 6,338,779 6,038,453 Fund balances at 31 Decernber 2025 6,406,882 6,338,779 The statement of financial activities includes all gains and1055es recognised in the year. All income and expenditure derive from contlnulng activities. 14
ROTHERHITHE CONSOLIDATED CHARITIES BALANCE SHEET ASA T31 DECEMBER 2025 2025 2024 Note FiKed assets Investments 12 6,141,384 6,126,662 Current a55ets Debtors Cash at bank and in hand 265,648 215,867 Credltors: amounts falling due withln one year 14 11501 13,7501 Net current assets 265,498 212,117 Total assets less current liabllitie5 6,406,882 6,338,779 Income funds Unrestricted funds 6,406,882 6,328.579 10.200 Restricted funds 6,406,882 6,338,779 The financial statements were approved by the Trustee5 on by: Zjb and signed on their behalf L. Zuleta Trustee The note5 on pages 16-23 form part of these financial statements. 15
ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIALSTATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 Accountlng pollcles Charity information Rotherhithe Consolidated Charities is a trust. The registered office 15 clo Southwark Charities, 42 St Mary Newlngton Close, Surrey Square, London. SE17 2LP. J.1 Accountlng convention The accounts have been prepared in accordance wlth the Charity's trust deed, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}" las amended for accounting period5 commencing from l January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements have departed from the Charities (Account5 and Reports) Regulations 2008 only to the extent required to provide a true and fair vlew. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Prattice which is referred to in the Regulations but which has slnce been withdrawn. The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial staternents are rounded to the nearest £. The accounts have been prepared under the historical cost convention, modified to include the revaluation of Investments. The principal accounting policies adopted are set out below. 1.2 Going concern The Trustees believe that the charity has adequate cash resources in order to pay all of it5 creditors 35 they fall due for the foreseeable future and for at least twelve months from the date of signing these flnancial staternents. .3 Charitable funds Unrestricted funds are available for use at the dlscretion of the Trustees in furtherance of their charitable objectives. 1.4 Incomlng resources Income is recognised when the Charitv 15 legally entltled to it after any performance conditlons have been met, the amounts can be measured reliably, and it is probable that income will be received.
ROTHERHITHE CONSOLIDATED CHARITIES Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations recelved under Gift Aid or deeds of covenant Is recognised at the time of the donation. Investment income is accounted for on a re¢elvable basis. 1.5 Resources expended Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits wlll be required in settlement, and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Expenses include VAT where applicable as the charity cannot reclaim it. 1.0 Fixed asset Investments Fixed asset investments are initially measured at transaction price excluding transaction costs and are subsequently rneasured at fair value at each reporting date. Changes in fair value are recognised in net incomel lexpenditurel for the year. Transaction costs are expensed a5 incurred. 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposlts held at call with banks, other short- term liquld investments with original maturities of three months or less, and bank overdrafts, Bank overdrafts are shown within borrowings in current liabilitie5. 1.8 Financial instruments The Charity has elected to apply the provisions of Section 11 'Basic Flnancial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial Instruments. Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the a55et and settle the liability slmultaneously. Bu5ic financlal ossets Basic financial assets, which Include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised COSt using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
ROTHERHITHE CONSOLIDATED CHARITIES Basic finunciul liobilitles Basic financial liabilities, including creditors and bank loans, are initlally recogni5ed at transaction price unle55 the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortlsed. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltion of finoncial Ilobllities Financial liabilities are derecognised when the Charlty's contractual obligations expire or are discharged or cancelled. 18
ROTHERHITHE CONSOLIDATED CHARITIES NOTESTOTHE FINANCIALSTATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 NOTESTOTHE FINANCIALSTATEMENTS (CONTINUEDI FOR THE YEAR ENDED 31 DECEMBER 2025 Crltical accounting estimates and judgements In the application of the Charity's accounting policies, the Trustees are required to make judgement5, estimates and assumptions about the carryinE amount of asset5 and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlmates and underlyin8 assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. Funds Fund5 2025 2024 Donations and legacies Donations and gifts 10,200 10,300 Investments Income from listed investments 183,245 173,720 Raislng funds Share of support costs (see note 81 31,803 32,367 Share of governance costs Isee note 81 1,802 11,619 Investment management fees Total 33,605 43,986 19-
ROTHERHITHE CONSOLIDATED CHARITIES NOTESTO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Charitable actlvities 2025 2024 Grant funding of activities (see note 71 106,459 93,378 Analysls by fund Unrestricted Funds Restricted Fund5 96.259 10,200 83,178 10,200 Grants payable 2025 2024 14tb Bermondsey Scout Group Art in the Park Ballers Academy CIC Bede House Association Bermondsey Carnival CIC Bermondsey Community Kitchen CIC Big Local Works Bizzie Bodie5 CIC Blue Bermondsey Canada Estate TRA City Hope Church Collaborative Arts Community Empowerment Support Organisation Construction Youth Trust Dockland Settlements Dockland5 JFC Fisher Youth FC Fresh Visions Charity- Barnards House Global Generation Hawkstone TRA Holy Trinity Rotherhlthe Ladies of Virtue Outreach London Bubble Theatre Mads do & Mend CIC Mayflower TRA Parent Ski115 2 Go Restorative Justice Roosters BoxinB Club Rotherhithe Festival I,iio.00 1,565.00 3,492.00 7,500.¢J) 2,250.00 7,500.00 4,755.00 7,410.00 500.00 5,000.00 1,050.00 4,280.00 500.00 5,000.00 2,980.00 3,750.00 4,890.00 2,500.00 2.500.00 3,000.00 1,980.00 4,500.00 4,100.00 750.00 3,000.00 5,000.00 3,000,00 2,073.00 1,000.00 3,000.00 5,000.00 5,000.00 4,000.00 -20-
ROTHERHITHE CONSOLIDATED CHARITIES NOTESTOTHE FINANCIALSTATEMENTS ICONTINUED) FOR THE YEAR ENDED 310ECEMBER 2025 Shining Light 4U CIC- Rotherhithe Community Kitchen South Dock Marlna Berthholders Association CIC Southwark Citizens Advice Southwark Park Association 1869 Surrey Docks Farm Time & Talents Tower Hamlets Youth Sport Foundation Tutors United United Schools Church Trust- PE & School Sports Network We Swim 5,000.00 4,100.00 3,250.00 7,000.00 5,900.00 5,400.00 5,000.00 5,000.00 3,000.00 3.000.00 2,957.00 82,942.00 80,600.00 Grants to individuals 23,517.00 12,778.00 106,459.00 93,378.00 Support & Governance Costs 2025 2024 Support Costs Governance Total Costs Total Office administration and services of the Clerk to the Trustees 30,000 30,000 30,000 Other expenses 1,803 1,803 2,367 Independent Examinatlon fee Accountancy and administration fee 1,802 1.802 1,555 Extraordinary Legal fees re: Charity Scheme 10,064 31,803 1,802 33,605 43,986 Brought forward adjustment to accruals Analysed between charitable activities 31,803 1.802 33,605 43,986 21-
ROTHERHITHE CONSOLIDATED CHARITIES NOTES TOTHE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2025 Trustees None of the Trustees lor any persons connected with them) received any remuneration from the Charity during the year. No expenses12024'. £Nill were paid to any of the Trustees in the year. 10 Employees The charity had no employees during the year 12024.. None). li Net gains/ (losses) on Investments Unrestrlcted fund5 2025 Total 2024 Revaluation of investments Gain/ Ilossl on sale of investment5 14,722 253,670 14,722 253,670 12 Flxed asset investments Usted Investments Cash In portfolio Total Cost or valuation At l January 2025 6,126,662 6,126,662 Additions Valuation changes 14,722 14,722 Profits/llossesl on disposa15 Cash movements Disposals At 31 December 2025 14 41 Carrylng amount At 31 December 2025 141 At 31 December 2024 66 22-
ROTHERHITHE CONSOLIDATED CHARITIES NOTES TO THE FINANCIALSTATEMENTS (CONTINUED) FOR THE YEAR ENDED 310ECEMBER 2025 13 Debtors 2025 2024 Amounts falling due withln one year: other debtors Prepayment5 and accrued income 14 Creditor5: amounts falling due within one year 20Z5 2024 Accruals and deferred income 150 3,750 15 Related party transadions During the year., I grant was made to Bizzle Bodies CIC, totalling £4,755. One of the Trustees, E, Mendy, is a director of this organi5ation. 16 Control The Charity is controlled by the Trustees. 23-