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2024-03-31-accounts

Charity number: 308272

CARPENTERS AND DOCKLAND CENTRE

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

CARPENTERS AND DOCKLAND CENTRE

CONTENTS

Page
Reference and Administrative Details of the Charity, its Trustees and Advisers 1
Trustees' Report 2 - 4
Independent Examiner's Report 5 - 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 19

CARPENTERS AND DOCKLAND CENTRE

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024

Trustees Montague Meyer, Trustee
Alan Stead FCA, Chair
Shalini Sharma, Trustee
Philip Elson, Trustee
Curt Fahndrich, Trustee
Martin Young, Trustee
Tracy Anne Cunningham, Trustee
Mark Horn, Trustee
Grace Willimott, Trustee
Charity registered
number
308272
Principal office
98 Gibbins Road
Stratford
London
E15 2HU
Accountants
Barnes Roffe LLP
Chartered Accountants
Leytonstone House
Leytonstone
London
E11 1GA

Page 1

CARPENTERS AND DOCKLAND CENTRE

TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees present their annual report together with the financial statements of the Carpenters and Dockland Centre for the 1 April 2023 to 31 March 2024.

Objectives and activities

a. Review of the year

The Charity's income is derived from the following regular principal sources: — the renting of parts of the buildings for office use and the hiring of larger space to user groups for sporting, hobby crafts and similar organised activities; - childcare provision pre and after school services; Additionally, there are valued donations with special support provided by the Carpenters Livery Company. The total income for the year to 31 March 2024 was £279,038 (2023 - £289,157) , which is more than the Charity's expenditure of £315,716 (2023 - £275,847) in managing and running the Stratford Centre.

The Stratford Centre is primarily a sporting venue and suffered due to a long period of closure. Along with our very popular childcare provision and as a result of most parents being forced to work from home, the need to provide childcare places has reduced considerably. Staff have made various efforts to increase numbers bringing them up to the level prior to the pandemic. The numbers are starting to increase once again and staff have made a conscious effort to stand outside schools to hand out various literature on the play care provision.

The hours of use have increased in the sports hall, predominantly from an increase in basketball sessions . This has been very valuable to the levels of income and through word of mouth has replaced most of the football teams who tended to occupy the evening hours. The Centre also houses a resident training organisation which has had a major impact on the income and generates an all-year-round income stream.

The Food Bank plays a major role at the Stratford Centre and whilst we await the outcome of the planning application for a new Community Centre in the area, it was suggested that we scale up the overall size of the new Food Bank and provide one which can be erected quite quickly. It was agreed that Mace Construction would provide a porta cabin and install it in the car park so the Food Bank could continue without any inconvenience to residents.

The Stratford Centre will continue to provide a variety of sporting, social, recreational and educational activities to a variety of local people with a focus on the most vulnerable and disadvantaged including people suffering from food and hygiene poverty, lonely elderly people, adults with disabilities, BAME groups, refugees and at-risk young people and children.

Negotiations and talks continue around the new Carpenters and Dockland Centre elsewhere on the Carpenters Estate with the CEO and the Operations Director meeting with the developers to secure the best possible outcome for the charity. Both members of staff have been consulted throughout regarding the design of the new Centre and how it supports local people. Negotiations continue with The London Borough of Newham and the Charity to gain the best possible outcome for all concerned.

Page 2

CARPENTERS AND DOCKLAND CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Structure, governance and management

a. Governing document

The Charity's constitution is governed by a lease granted by the London Borough of Newham in 1972. The constitution of the Board of Trustees is determined under the terms of this lease, as are any co-opted members. The Charity is an unincorporated charity.

b. Recruitment and appointment of new trustees

New trustees are offered Management Committee training and are "buddied up" to an existing long serving trustee. There is an ongoing programme of trustee training.

c. Organisational structure

The Trustees meet on a monthly basis to monitor the performance of the Charity, including performance against budget reviews, and provide ongoing support to the Chief Executive Officer and management.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing 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 charities in England & Wales requires the Trustees to prepare financial statements for each financial which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with 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 (Accounts and Reports) Regulations 2008 and the provisions 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.

Page 3

CARPENTERS AND DOCKLAND CENTRE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

Approved by order of the members of the board of Trustees on _______ and signed on their behalf by: Jan 17, 2025 A Can <) Gao! Alan Stead FCA (Trustee)

Page 4

CARPENTERS AND DOCKLAND CENTRE

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024

Independent Examiner's Report to the Trustees of Carpenters and Dockland Centre ('the Charity')

I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2024.

Responsibilities and Basis of Report

As the Trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').

I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the ICAEW, which is one of the listed bodies.

Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.

I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 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:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.

I have 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.

Page 5

CARPENTERS AND DOCKLAND CENTRE

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024

This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report.

Signed: Barnes Roffe LLP. Dated: Jan 17, 2025

Page 6

CARPENTERS AND DOCKLAND CENTRE

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024

Note
Income from:
Donations and legacies
3
Other trading activities
4
Total income
Expenditure on:
Charitable activities
5
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward
Unrestricted
funds
2024
£
72,172
206,866
279,038
315,716
315,716
(36,678)
259,767
(36,678)
223,089
Total
funds
2024
£
72,172
206,866
279,038
315,716
315,716
(36,678)
259,767
(36,678)
223,089
Total
funds
2023
£
64,915
224,242
289,157
275,847
275,847
13,310
246,457
13,310
259,767

The Statement of Financial Activities includes all gains and losses recognised in the year.

The notes on pages 9 to 19 form part of these financial statements.

Page 7

CARPENTERS AND DOCKLAND CENTRE

BALANCE SHEET AS AT 31 MARCH 2024

2024 2024 2023
Note £ £
Fixed assets
Tangible assets 8 211,997 242,358
Current assets
Debtors 9 8,607 8,121
Cash at bank and in hand Cash at bank and in hand 8,894 12,618
Creditors: amounts falling due within one Creditors: amounts falling due within one
year 10 (6,409) (3,330)
Net current assets 11,092 17,409
Total net assets 223,089 259,767
Charity funds
Restricted funds 11 - -
Unrestricted funds
Designated funds 11 211,997 242,358
General funds 11 11,092 17,409
Total unrestricted funds Total unrestricted funds 11 223,089 259,767
Total funds 223,089 259,767
The
financial
statements were approved and authorised for for
issue
by by
the
Trustees on
_______and signed on their behalf by:
Jan 17, 2025
and signed on their behalf by:

Mark Horn

Mark Horn (Trustee)

Alan Stead FCA

(Trustee)

The notes on pages 9 to 19 form part of these financial statements.

Page 8

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

1. General information

The Carpenters and Docklands Centre ("the Charity") is a charity, registered in England and Wales. The Charity's registered office is 98 Gibbins Road, London, E15 2HU.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - 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 (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

Carpenters and Dockland Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.

2.3 Expenditure

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 will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.

2.4 Taxation

The Charity is exempt from tax on its charitable activities.

Page 9

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Leasehold property - over the term of the lease Plant and machinery - 15% on cost and 10% on cost Motor vehicles - 25% on cost Fixtures and fittings - 10% on cost

2.6 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.7 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.8 Liabilities

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

2.9 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.

Page 10

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

3. Income from donations and legacies

Donations
Grants
Similar incoming resources
Donations
Grants
Similar incoming resources
Unrestricted
funds
2024
£
2,576
55,711
13,885
72,172
Unrestricted
funds
2023
£
27,100
15,500
22,315
64,915
Total
funds
2024
£
2,576
55,711
13,885
72,172
Total
funds
2023
£
27,100
15,500
22,315
64,915

Page 11

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

4. Income from other trading activities

Income from charitable trading activities

Hall hire
Playcare income
Hall hire
Playcare income
Unrestricted
funds
2024
£
153,271
53,595
206,866
Unrestricted
funds
2023
£
157,543
66,699
224,242
Total
funds
2024
£
153,271
53,595
206,866
Total
funds
2023
£
157,543
66,699
224,242

Page 12

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

5. Analysis of expenditure on charitable activities

Summary by fund type

Running community centre
Running community centre
Unrestricted
funds
2024
£
315,716
Unrestricted
funds
2023
£
275,847
Total
2024
£
315,716
Total
2023
£
275,847

6. Analysis of expenditure by activities

Running community centre
Running community centre
Activities
undertaken
directly
2024
£
314,677
Activities
undertaken
directly
2023
£
274,823
Support
costs
2024
£
1,039
Support costs
2023
£
1,024
Total
funds
2024
£
315,716
Total
funds
2023
£
275,847

Page 13

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

7. Trustees' remuneration and expenses

During the year, no Trustees received any remuneration or other benefits (2023 - £NIL) .

During the year, no Trustee expenses have been incurred (2023 - £NIL) .

8. Tangible fixed assets

Cost or valuation
At 1 April 2023
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
At 31 March 2024
At 31 March 2023
Leasehold
property
£
586,017
586,017
343,659
30,361
374,020
211,997
242,358
Plant and
machinery
£
18,620
18,620
18,620
-
18,620
-
-
Motor
vehicles
£
84,091
84,091
84,091
-
84,091
-
-
Fixtures and
fittings
£
199,751
199,751
199,751
-
199,751
-
-
Total
£
888,479
888,479
646,121
30,361
676,482
211,997
242,358

During the yea the Charity changed the method of depreciation it's leasehold property from 2% straight line to depreciating over the term of the lease. This revised method more accurately reflects the useful lives of the assets.

The change in depreciation method is a change in accounting estimate and is accounted for in the period of change and in subsequent periods. The effect of the change in the current year has resulted in an increase to the depreciation charge of £19,361.

9. Debtors

2024 2023
£ £
Trade debtors 8,607 8,121

Page 14

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

10. Creditors: Amounts falling due within one year

2024 2023
£ £
Trade creditors 6,409 3,330

Page 15

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. Statement of funds

Statement of funds - current year
Unrestricted funds
Designated funds
Fixed Asset Fund
General funds
General Fund
Total Unrestricted funds
Balance at 1
April 2023
£
242,358
17,409
259,767
Income
£
-
279,038
279,038
Expenditure
£
(30,361)
(285,355)
(315,716)
Balance at
31 March
2024
£
211,997
11,092
223,089

Page 16

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

11. Statement of funds (continued)

Statement of funds - prior year

Unrestricted funds
Designated funds
Minibuses for Playcare Fund
Community Vehicle Fund
Fixed Asset Fund
General funds
General Fund
Total Unrestricted funds
Balance at
1 April 2022
£
47,500
5,000
127,127
179,627
66,830
246,457
Income
£
-
-
23,000
23,000
266,157
289,157
Expenditure
£
-
-
-
-
(275,847)
(275,847)
Transfers
in/out
£
(47,500)
(5,000)
92,231
39,731
(39,731)
-
Balance at
31 March
2023
£
-
-
242,358
242,358
17,409
259,767

Page 17

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

12. Summary of funds

Summary of funds - current year

Designated funds
General funds
Balance at
1 April 2022
£
179,627
66,830
246,457
Balance at 1
April 2023
£
242,358
17,409
259,767
Income
£
23,000
266,157
289,157
Income
£
-
279,038
279,038
Expenditure
£
-
(275,847)
(275,847)
Expenditure
£
(30,361)
(285,355)
(315,716)
Transfers
in/out
£
39,731
(39,731)
-
Balance at
31 March
2024
£
211,997
11,092
223,089
Balance at
31 March
2023
£
242,358
17,409
Summary of funds - prior year
Designated funds
General funds
259,767

13. Analysis of net assets between funds

Analysis of net assets between funds - current period

Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due within one year
Total
Unrestricted
funds
2024
£
211,997
8,607
8,894
(6,409)
223,089
Total
funds
2024
£
211,997
8,607
8,894
(6,409)
223,089

Page 18

CARPENTERS AND DOCKLAND CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

13. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior period

Tangible fixed assets
Debtors due after more than one year
Current assets
Creditors due within one year
Total
Unrestricted
funds
2023
£
242,358
8,121
12,618
(3,330)
259,767
Total
funds
2023
£
242,358
8,121
12,618
(3,330)
259,767

Page 19

Carpenters and Dockland Centre 2024 - Accounts for approval

Final Audit Report

2025-01-17

Created: 2025-01-17 By: Barnes Roffe LLP (ley.adobeaudit@barnesroffe.com) Status: Signed Transaction ID: CBJCHBCAABAAxvTCRKuaesHgvvEtq6pkAWyrM6WtOJK1

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