Company regstration number 01379554 LONDON SCRAP PROJECT LTD ANNUAL REPORT AND UNAUDrrED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 LONDON SCRAP PROJECT LTD REPORT (INCLUDING DIRECTORS. REPOR FOR THE YEAR ENDED 31 MARCH 2024 Roportof ¢ho Tru5tfyes lor the Year Ended 31 March 2024 trustees who ere *so L*rec*ors of Ihc charity lorth¢purposes rlthc Crynwrrfes Act present their report withihc firBrKJal stal￿enL5 ofthethanly Iw the yew ended 31 Marth 2024. Tr trustee5 have *)?led provisons fAccwnliry and Reporbng by Charrfies &atement of Rec0ffThe￿l praCh￿ ￿lGa￿Ae to char￿S ￿epar￿9 th*￿ttount$ in tttordance Ihe Fmiantsal Stand*d applicth in the UK ReputAit of Irtrbnd IFRS 102lleff8diYe 1 January 20191. Structiiro. gov8manc• and m8nay8mont G¢v8ming ￿0￿Ment The charily Is conlioled by ils g)vwniryJ dc*)JwL a deed of tr￿sL ¢onstilutgs a limil8d comp8ny. Iimit8d bYgu￿ant￿. as defined by the cOryan￿ 2006. REFERENCE AND ADklNISTRATNE OETAILS Reglstered Cory)any number 01379554 {Eng￿nd and wa￿5} R•g18tsr•d Charfty numb•r 281010 ReglsteTed office 137 Street London E9 6AS Tru#ees Ms S Stnith Mr5 E Caffttbdl IBritLonl Mr3 V Jackson-Reffrfe l J8thson- Reeves Ms V Jose Ms S Twner M Bennet Comparby Secr*ary l Jal*￿n-R8tVts Arproved by c*derdlhe eftrL¢t8es¢n 31 A￿L￿202￿aTrfj swd c*) its be￿1 by l J*wn- Reeves-Trustee LONDON SCRAP PROJECT LTD STATEMENT OF FINANCIAL ACTIVMES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 To*1 Unro8tri¢tsd Ro8tri¢tod lund5 fund3 2023 2023 Total 2024 2024 2024 Notes In¢omo fw: Donation5 and lega¢Es Other tradiTrJ acliwbes Investsnents 50943 11.871 16. 50.943 45.280 19.814 13.50D 45.280 19.814 13.￿) 16.5tx) Total inroffl• 79.314 79.314 78.594 78.S94 ExpendturÈ on: *bvthS 83.599 83,599 65.112 85,112 &3.599 83.599 B5.112 85.112 Net expen(Ilure and movement in I￿￿1$ 14.285 142851 16.5181 RKonciliation of fvn¢J5'. Fund balarw al l Apnl 2023 167.813 i01.IXK) 433.187 161.2951 I,(KM) 439.705 FurKI bolan¢os at 31 March 2024 (T2,0981 )1.IYN) 428.912 167.8131 501,(KK) 433.187 Th8 statefflenl Offina[￿al athilE5 vKkndes all ga1￿￿￿￿j kEses tewis&J in the year. PJI irK¥JtnB èxp8txlluTe derive tr(￿ wtyming adMI* LONDON SCRAP PROJECT LTD BALANCE SHEET ASA T31 AIARCH 2024 2024 2023 Flxed Bssel¥ langible assets 434.753 434.753 Cuvrent assets Cash 81 bar* and F) h• 3.803 5.638 CredltOVs: amowtsfalllng the wllhin one yFar 19.6541 17.2041 Net currenl liabilities 15.8511 11,5661 Totsl a$$8ts l•ss Current Ilab116tss 428.￿2 433.187 The funds of the Restricted itbcotn8 fun(ts 10 1.( 172.0981 501.( 167,8131 Unrestricted fur￿$ 11 428.9)2 433.187 The c￿￿panY is enknued lo the eXen1rtK￿frorn Ihe3LwIit reWiTerw*c￿rt3ned n se¢kni 477 oltrE CotrYan￿sACt 20(b. for ihe year end￿ 31 March 2024. Tre direrlots ackno¥%ts*e their res￿n$t￿lib￿ forccthplw.ry of the Compank*Act20D6 rested to ac¢ounbr& r•¢ords end Il* prepara￿ ￿ fm8ntsal *¥i￿lents. Tre rnernb￿ have not required the ￿)rn￿Y to Obta￿ an a￿lit of n5 statements torthe Y￿1n q￿stiOn in 8¢(x)rd8ncewth sertM￿ 476. I tr￿Se finarual stalernents have ￿ prepa￿￿ *iknlhB apprfKabl8 to C￿￿pa￿leS wbpclto lh8 small cornpanies ￿91ff Ih8 financwl ststerwnts awoved by 31 ￿￿￿512024 Mr l Jackson. R￿e5 Corry)any regff6trÈti(￿ ThJn**rO1379554 IEnyL*d aNI Walpsl LONDON SCRAP PROJECT LTD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 A￿OUnt￿9 pol￿195 Charity inlarmBtit London Scrap Proect Ltrj Isa wvale oyrwrby lYi¥ted bygwntee irKuwrated Eng￿d and we￿5. Thg istsred offKe Is 137 ￿k￿rrer￿ StrBEL Lo￿0￿. Eg &4S. 1.1 A¢count*lg comtenti Tho finanasl stat8rnonts hth bèsn in a(%￿rdan￿￿IIh Ihè'g thè Companiè& Act 2008. FRS 102'Tr Fngncial St*dèrd W¥*bÈ in IhtsUK afmj RÈK¥JtAt of IrèbrQ" *d tl* Chanties SORP "A¢¢wnling and Repor1￿9 by CharilBs". Re£[K[￿￿ed Ptactsce ¢k*ril￿$ pteparing IhEir accounts in ￿c(r￿an￿ wilh the Finaitia Rewrtiw Sta￿ard in he UKand RepuNic of Irdand IFRS 1Dkl". The is a ￿efit Entity as rtef1r￿d by FRS 1.)2. The finanu81 Sta￿￿￿nts a￿ Stsdirwj. is ffftxthal (aJrwKyofthÈ. Monei*y 8munts in fin8rfk81 sta￿￿tsar• rtyJnW 10 ￿8￿£. The finan(Mal staterr￿nts have been wep¥ed uTh*rthe a)Sta￿?￿lIDn. ITntK*W to in￿￿e the rEvaluatK)n offreehokj propetbes ar*J to Mi￿d￿ Myesbnent *YJ insmjments airair valuel. The wncipal aciyjunt￿9 polKps adopted are set outbE*Jw. 1.2 IncDme IrKorne 1$ recogNsed Y4hen ihe knJ•lty enbued ID il aft￿ atry wfcyrnance coTrAlions have iKpen mel, the amDunts can be rneasured r￿la￿y. it is wotyatlethai irtQTe wal t¢ r￿e[*d. Cath d(ratims are recowised on re￿pt. 0lher¢knakns 1>n￿ Ihp has bpen notified oflhe d(Thhon. unlès$ parfomart* rtrquireaef6ry￿ of J￿ni Ir￿￿ ta¥ rocovei&le m r8lation 10 donalions re¢*vad undei Gift ord8eds ofi¥Jvenwl t8(¥w￿d al Ihe IwDeofthe sts and shared ￿lstS. induding $wwrtO)Sts in¥oived In utthrt2kry thty. L¥)sts attibJtaNè to a ath¥ity aFd alloc*tsd direcly lo that a￿t￿ty. sha￿ Costs whth ¢￿￿tyjie to more than and iVPWYtcosts a￿ n attributabk to a srole *i%ryty ￿ fjpr0llo￿ Ilw on a b8WS CW51St￿l Kith tre wof iesource5. Central stsff costs are ￿k)c￿ted on tlp of titre spBnl. and deweci*w thar995 atp alkK3t8Y on ts p)rtion ofthe asset's Use. 1.4 Tanglblè flx•d ass¥ts Tangib￿ [￿ed asset5 ¥e inthaty at u>st arKI sub5equentymea￿rPd al cost oryaluabon, netol depreciali and any itwww*nt bsgés. LONDON SCRAP PROJECT LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 knGom¢ from *J(￿lon$ and lewl¢s Unrestricted UnrestrictEd hjnds funds 2023 2024 Donalh?rtsaTrJ g•ls .543 45.280 come Imm othortradhyj a¢iivlt*s Vnr•stri¢ted Unrtrstri¢t•d luThJ¥ lunds 2024 Shrp irthrne 11.871 19.814 kncorne from Ir￿e5￿￿ents unT￿trIct$d Vnr*strl¢t funds nds 2024 2023 Rentsl nL¥)m 16.5LKI 13. LONDON SCRAP PROJECT LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Expfrrndttyre on tharll*¢a¢fjvlOos 2024 2023 Dlrètt costs siaft¢osts Rates & Water Insurance Light and htral T￿eph￿e POS￿ and $talK￿ry Sundiias Trav4 and motef Repair and nBnTeronce Bank charyes kcountsrKy and fees 61.149 7.313 3.589 1.436 3.060 0.105 5.670 4.749 68 10 1066 743 704 2.570 1.(￿3 3.7 83.599 85.112 Analysis by lund tyn￿tr￿d 83.599 85,112 The *eraAa ￿￿tNY rvJmt4r durirw th8 year wa8". 2U24 Nwnber 2023 Number TLxal 2024 2023 Wages and salari 61.149 There werfy ￿ efftploy9es ¥YIKW a￿￿1 rgrnurwatKifb was rrKYe Ihan £¢O.(MX). Taxation The d)anty IS Ir¢miAxatits) on its ￿tiV￿leS because all its is aP￿￿d fw charitable p￿)Se$. LONDON SCRAP PROJECT LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 Tanglblg flxed Land•￿FI￿*￿èS.ffllt￿ry8 1lc4or￿h1CknB oJihJwg5 & Cost At 1 2023 16.023 18,2LK) 184.Z23 At 31 March 2024 7￿.0 16.023 182LVJ 784.223 DvprKialion and Impalm￿lI AI 1 WI 2023 315.2x1 16.022 18,198 349.470 At 31 Marth 2024 31529) 16.022 18,198 349.470 Carrying amt At 31 March 2024 434.7SJ 434.753 At 31 Marth 20Z3 434.750 434.753 Credit￿8.. amounty fallingth*wiih*) (thèyoar 2024 2023 Other ￿Kat￿n and s￿la• 5tturiiy OihercrpditLYS A¢xmals and def￿r￿ intm 3.785 4.0( 1.889 2.576 9.654 10 Restrlctedlund5 The reslricted funds oflhe thatity (xwnprisethe urExpended b3￿nCeS Otd￿a￿SarHl graTrtshdd on trusl 5ubjeGI to sPeu￿ corKlit￿ll5 byd(hlOfJ as lo h(M Ihey rnay be used. At 1 WI 2023 At 31 March 2024 501.OCrf) 501.( Pr•vh)us year.. At 1 WI 2022 At 31 Mar¢h 2023 501,OLK) 501.(MIO LONDON SCRAP PROJECT LTD NOTES TO THE FINANCIAL STATEMENTS IcopillNUED) FOR THE YEAR ENDED 31 MARCH 2024 11 UDrestrf¢tod fvnd5 Th¢ Lrfft8lricled funds of the chortyccffiwse the uncxpcrthy bolancesoldongtiofis and gronts which orc Th)1 tUb￿ct to speofi¢ condilryE by and tyanto￿ as t¢ Ilw These ir(Jude designaW funds which h8¥8 been set aS￿e of unrestricted fuNIs by Ihe trust￿ p￿r￿es. At 1 Awl ￿23 I￿G￿Tr9 Resources At 31 March 2024 Genwal fuThYs 167.8131 79.314 183.5991 172.(081 Pr•vk)us yoar.. At l 2022 In¢omlng Rosources At 31 March 2023 Gen￿ furKI$ 1612951 78.594 167.8131 12 Anatysits of net assets bets¥een furK Total funds 2024 2024 2024 At 31 Mar¢h 20X. Thangib￿ a$s•ls Curi¥nl a8s¥L￿{1￿L￿li￿e￿I 166.2471 {5.851} 501.OLKI 434.753 15.8511 172.0981 501.OLKI 428.W2 Total nd5 2023 2023 2023 At 31 2023= Tangib￿ assels Current 8$SBtslllk3tiithesI 166.2471 11.5661 1.ONJ 434.753 I1.￿6) 167.8131 501,OLKI 433.187 13 Rdatèd party tran$adi( There were rK) d6ck)salle ￿Laled party tsaiwliois during th8 ￿12023. rrt*wl. This document was delivered using electronic communications and authenticated in accordance with ihe registrar's mles relating to electronic fomi, authenticatior and manner of delivery under sectioi) 1072 of the Companies Act ?006.