REGISTERED COMPANY NUMBER: 02786597 (England and Wales)

REGISTERED CHARITY NUMBER: 1012737

BARKING AND DAGENHAM COUNCIL FOR

VOLUNTARY SERVICE

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Reference and administrative details

1

Report of the trustees

2

to

8

Report of the independent auditors

9

to

11

Statement of financial activities

12

Balance sheet

13

Cash flow statement

14

Notes to the cash flow statement

15

Notes to the financial statements

16

to

24

TRUSTEES

Ms N Bhola Treasurer

Mr S F Ghani

Ms S M Robertson

Ms P M Salvador-Jones Chair

COMPANY SECRETARY

C M Downham

REGISTERED OFFICE

The Ripple Centre

121-125 Ripple Road

Barking

Essex

IG11 7FN

REGISTERED COMPANY NUMBER

02786597 (England and Wales)

REGISTERED CHARITY NUMBER

1012737

AUDITORS

Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2025. The trustees have adopted the provisions of 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).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The charity's purposes, as set out in the objects in the Company's Memorandum and Articles of Association.

Mission

BDCVS seeks to champion the needs of the voluntary, community, social enterprise social sector in the London Borough of Barking and Dagenham. We work with a range of stakeholders to deliver quality services. Key to our work is the provision of a thriving community space 'Ripple Hall' and focused infrastructure development and capacity building support services for the VCSE social sector for the benefit of the communities they serve in Barking and Dagenham.

Public benefit

The Trustees confirm that they have complied with the duty in Section 4 of the Charities Act 2011 to have due regard to the Charity Commission's guidance on public benefit, and have the activities carried out by the charity during the year were all undertaken in order to further the charity's aims for the benefit of the charity's beneficiaries.

BDCVS Activities and Programmes 2024-25

Our work last year was vital to our ability to move away from the challenges experienced during the Covid-19 pandemic period. This has enabled BDCVS to build on those gains.

Our ability to renew is essential given the massive environmental challenges facing residents, communities and VCSE social sector agencies in the Borough.

Cost of Living crisis that has continued throughout 2023-24 affects residents, public services and the VCSE social sector in profound ways due to high inflationary costs on all essential items and service delivery. This means that we must work harder to provide ever stronger services to support and enable our beneficiaries to thrive.

Volunteers

BDCVS relies on the commitment and dedication of its volunteers.

Over the past year we have had 15 volunteers who had provided administrative and reception support at the Ripple Centre. Whilst with us, volunteers develop employability skills and we are proud that 7 have left during the year having secured paid employment.

In year we started to provide new work experience opportunities for young people from local schools with four volunteer placements from four different schools in the Borough in 2024-25.

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Ripple Centre Community Development Work

BDCVS has long understood the importance of building connection, trust and belonging within and across communities. This is the primary driver of our Ripple Centre work.

Our thriving Ripple Centre community development work has been moving strongly back to pre-pandemic levels this year with in-person events being more important than ever.

Over 32000 residents used our facilities and 1400 different groups across a wide variety of activities.

In addition to conferences, VCSE meetings & events, celebrations and other private functions, the health activities include tackling health inequalities, blood donation and first aid training along with different sport, exercise and dance groups. An array of regular arts and cultural activities are now on offer including performing arts, music and drama. A number of different faith groups use our spaces for worship and prayer. Social clubs including after school clubs are thriving; and as we know activities like cadet training or bowling for older people are also equally important to provide social spaces for different people to come together.

This sheer variety of activities is a testament to the resilience of people and social sector groups in the Borough. In person 'face-to-face' are more important than ever now the long post-Covid period has receded giving way to falling living standards and increases in poor mental health across the country including Barking & Dagenham.

We have continued to host the HUMDUM Food Bank to enable us to continue post Covid-19 to support residents vulnerable and at risk during the ongoing cost of living crisis. HUMDUM provide hot meals, food and other household essentials to more residents than ever this year both through their weekly sessions at Ripple Hall and outreach delivery services addressing the issue of food poverty.

Over the winter period, with the support of Clarion Futures and LB Barking & Dagenham, the Warm Space, again in the Ripple Centre, was extended into 2024/25 to support an increasing number of vulnerable residents as the energy crisis drives up fuel poverty for many more households and this is complimented by the food bank service.

Infrastructure Community Development Work

BDCVS continued to respond very well to the capacity building needs of the many small groups working directly with vulnerable young people and adults across Barking & Dagenham.

The focus this year has been on tackling Health inequalities where we were the infrastructure support for 12 community groups working with young people to address emerging mental health. In addition, we led the project delivery for the School Education Based Intervention Long Covid project working to support the capacity building of 4 grassroots groups to deliver a range of activities for young people.

We have continued our collaborative consortium and ConnexUS infrastructure work. In particular we have continued to work with the peer-to-peer groups and networks created during the London Community Foundation funding period to support funding bids. This includes developing and shaping large bids such as for Sport England funding and Heritage Lottery funding where we carried out consultation research and smaller ones for grants such as for groups in the Beam Park regeneration area.

In total our infrastructure community development work has benefitted 48 small groups whose services together reach thousands of vulnerable residents young and old across the Borough.

FINANCIAL REVIEW

Financial position

BDCVS total incoming resources during the year were £374,752.

Principal Funding Sources

BDCVS warmly thank LB of Barking and Dagenham for its continuing support in kind; and also to our funders:

The London Community Fund

The Greater London Authority Young Londoners Fund

The Mayor of London Violence Reduction Unit Stronger Futures Programme

The London Borough of Barking & Dagenham (Public Health)

BDCVS generated income through the hire of hall, training rooms, car park and office space as below:

Hire of hall

£88,439

Hire of training rooms

£107,363

Office hire

£80,423

'Post box' address

£2,418

Car park rent

£7,001

Investment policy and objectives

Social Investment

BDCVS does not have any social investments or programme related investments. This is an area under review in relation to non-restricted funds.

Where BDCVS receive contracts which are considered to be restricted funds, they can only be used for the purpose for which the funds were given. The restricted funds held at 31st March 2025 amount to £Nil. The funds represent unspent funds at the end of the financial year. Since not all grants run co-terminously with our financial year balances are carried forward into the following year.

Investment Policy

Aside from retaining reserves each year in line with prudent financial planning, most of the organisation's funds are spent in the short term on its charitable aims, and there are no funds available for long term investment. Cash flows are proactively managed to maximise the benefits of short and medium-term interest accounts. The BDCVS recognise that the current environment may provide investment opportunities and will a review of this area is planned.

Reserves policy

The Board of Trustees has examined the organisation's requirements for reserves in light of the main risks to the organisation and has established a policy whereby reserves held should allow free reserves (unrestricted funds less designated funds less assets) equivalent to 3-6 months of core operating costs.

On 31 March 2025 our reserves are £319,650 (£120,885 designated funds and £198,765 unrestricted funds of which £198,765 are free reserves) which equates to 7.5 months running costs which is within our target range of 3-6 months projected core operating costs.

FUTURE PLANS

The 2024-25 year demonstrates that BDCVS' priority to refresh its role within the new social infrastructure landscape continues to develop well.

We enter 2025-26 knowing that the Borough and the VCSE social sector is working in a sharply shifting and turbulent policy landscape. As with other UK local authorities since January 2024, the fiscal situation for LB of Barking & Dagenham has become profoundly challenging with the risk that enabling the social sector infrastructure role will draw back. The BD Collective funded by them is undergoing a review and change.

The onwards development of the new social sector configurations arising since the start of the Covid-19 pandemic have been crucial in a borough which has some of the highest levels of deprivation in England and Wales.

However with the turbulence and risk we can see, we need to renew and refresh our collaborative infrastructure development work with BD Giving, Barking Enterprise Centre and the John Smith House Small Community Groups Hub and other LBBD Hubs and networks to close the gaps that are appearing and will appear in the fabric of local civil society now and in the midterm.

We recognise that the work now and ahead requires all our different strengths to a shared vision where 'no one is left behind' and we fully hope that the changes in the BD Collective will bring new opportunities that strengthen the resilience of the Borough and our services complement each other without duplication.

There has been no complacency about the scale of work to be done. However, the faster that work is being carried out at the infrastructure level to create a platform for positive change across the Borough for the benefit of VCSE social sector agencies and the communities they serve; the faster the development gap and scale of work to be carried out are revealed. This coming year requires us to take stock of new threats to communities and the VCSE social sector.

Infrastructure development and capacity building support remains a priority with a focus on building a longer-term sustainable legacy from the short-term funding infrastructure development activity above.

Our other planned priority activity continues in the following areas: -

*

Improve our digital effectiveness

*

Ensure our resources and operations are working as effectively and efficiently as possible

*

Develop the Ripple Hall estate - hall, meeting rooms and office space

*

Continue to identify funding streams to further our core values and mission in line with identified development priorities

*

Test a BDCVS Plus model of locally driven initiatives

We look forward to reporting on the successes in these planning areas in 2025-26.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

Barking and Dagenham Council for Voluntary Service (BDCVS) is a Company Limited by Guarantee governed by a Memorandum and Articles of Association. It is registered at Companies House under the number 02786597. The Charity Commission has registered the company as a charity under the number 1012737.

Recruitment and appointment of new trustees

Trustees who are also the Directors of the Company, are elected from the local community and in line with skills needed for effective and successful governance.

The Trustees who served during the year can be seen on Page 1.

None of the trustees has any beneficial interest in the company. All trustees are members of the company and guarantee to contribute E1 in the event of winding up.

Organisational structure

The charity is governed by the Trustee Board. The minimum number of trustees shall be three but (unless otherwise determined by ordinary resolution shall not be subject to a maximum).

Trustees are elected by the Board at the AGM in accordance with the Articles of Association. Trustees who retire by rotation at an Annual General meeting, may offer themselves for re-election.

The Trustee Board meets at least 4 times during the year to manage the business of the charity.

Each core activity area in BDCVS has a staff management lead. Their work plans are subject to review at least annually to ensure they are focused on the progression of charity's business priorities. The individual trustees each oversee these areas of responsibility providing management support to the staff where needed. The Board monitors overall progress at Board meetings with any specific additional scrutiny through a sub-committee and work group system.

Induction and training of new trustees

New Trustees undergo an orientation and induction process coordinated covering their legal duties and responsibilities as well as the policies and procedures of the organisation. They are given an overview of all the work undertaken by BDCVS and are introduced to members of staff.

All serving Trustees are required to declare actual or potential conflicts of interest This area is managed robustly by the Company and the records are maintained by the Company Secretary.

Skills audits of the Board are also routinely carried out to ensure that the Board continues to maintain and develop the necessary knowledge and experience required to effectively fulfil its legal and strategic functions.

Key management remuneration

Total employee benefits, including employer's National Insurance contributions, Pension contributions and other benefits, paid to key management personnel, totalled £41,251.

Related parties

The Charity recognises that Trustees who serve on the BDCVS Trustee Board in any year can be related to VCSE social sector and other organisations that BDCVS may have had transactions within that year.

BDCVS has robust policies and procedures in place to monitor and manage potential conflicts of interest in line with its duty of care. The disclosure information below is made in accordance with Financial Reporting Standard 102.

This is because we have long recognised our role in forming collaborative consortiums and associated development. Once funding is secured, focused infrastructure management support is then needed. The BDCVS being best placed to take this role to the varying degrees that are needed to ensure successful delivery. Indeed, we welcome onto the Board trustees who shared our collaborative principles and values in relation to local infrastructure development across Barking & Dagenham.

Sarah Robertson served as a trustee in 2024-25 She is employed by Future MOLDS Communities, a Community Interest Company, as their Chief Executive.

The core activity of this VCSE social sector organisation includes infrastructure development and capacity building of VCSE social sector organisations in Barking and Dagenham and delivery.

During the 24/25-year Future MOLDS Communities (Company No. 07204649) received from BDCVS £9,000 for their capacity building and delivery activity under the Health Inequalities funding.

The Charity hereby confirms that the above transactions were, at all times carried out at arm' s length, with due regard to the Charity's duty of care and the policies in place to manage potential conflicts of interest.

The transactions are accordingly disclosed to meet our duty under Financial Reporting Standard 102.

Risk management

BDCVS have a risk management strategy which comprises:

*

An annual review of the risks which the charity may have to face;

*

The establishment of systems and procedures to mitigate those risks; and

*

The implementation of procedures designed to report on and minimise any potential impact on the charity should any of those risks materialise.

The main risks to the organisation are:-

1. The sustainability and funding for BDCVS' infrastructure support and development services for the not for profit voluntary, community and enterprise social sector.

2. The pace of modernisation to enable the charity to move to a position of sustainable growth.

3. The rising running costs of Ripple Centre and capital investment needed to sustain this estate.

Trustees plans and strategies for managing these risks.

This is achieved through our activity and future plans as outlined elsewhere in our report.

The Board is not aware of any material uncertainties in making their going concern assessment

and are confident that the organisation is able to continue as a going concern.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Barking And Dagenham Council For Voluntary Service for the purposes of company law) are responsible for preparing the Report of the trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year. Under that law, the trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charities SORP;

-	make judgements and estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, Berringers LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 16 December 2025 and signed on its behalf by:

Ms P M Salvador-Jones - Trustee

Opinion

We have audited the financial statements of Barking And Dagenham Council For Voluntary Service (the 'charitable company') for the year ended 31 March 2025 which comprise the Statement of financial activities, the Balance sheet, the Cash flow statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual report, other than the financial statements and our Report of the independent auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit; or

-	the trustees were not entitled to take advantage of the small companies exemption from the requirement to prepare a Strategic report or in preparing the Report of the trustees.

Responsibilities of trustees

As explained more fully in the Statement of trustees' responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the independent auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and error, we considered the following:

- the nature of the industry, control environment and business performance;

- results of our enquiries to management about their own assessment of the risks of fraud and error;

- the matters discussed among the audit engagement team regarding how and where fraud may occur in the financial statements and any potential indicators of fraud.

Our procedures to respond to risk include the following:

- reviewing the financial statement disclosures and testing to supporting documentation;

- performing analytical procedures to identify any unusual or unexpected areas that may indicate risks of material misstatement due to fraud or error;

- addressing the risk of fraud and error through management override of controls, testing the appropriateness of journals, assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Ricky Hutson BSc FCCA ACA (Senior Statutory Auditor)

for and on behalf of Berringers LLP

Chartered Accountants

and Statutory Auditors

Lygon House

50 London Road

Bromley

Kent

BR1 3RA

16 December 2025

2025

2024

Unrestricted

Designated

Restricted

Total

Total

fund

funds

funds

funds

funds

Notes

£

£

£

£

£

INCOME AND

ENDOWMENTS FROM

Donations and legacies

2

4

-

-

4

75

Charitable activities

5

Charitable activities

70,657

-

-

70,657

131,053

Other trading activities

3

301,280

-

-

301,280

293,399

Investment income

4

2,811

-

-

2,811

2,430

Total

374,752

-

-

374,752

426,957

EXPENDITURE ON

Charitable activities

6

Support costs

10,024

-

-

10,024

10,989

Charitable activities

365,494

-

-

365,494

402,221

Total

375,518

-

-

375,518

413,210

NET INCOME/(EXPENDITURE)

(766

)

-

-

(766

)

13,747

RECONCILIATION OF

FUNDS

Total funds brought forward

199,531

120,885

-

320,416

306,669

TOTAL FUNDS CARRIED FORWARD

198,765

120,885

-

319,650

320,416

2025

2024

Unrestricted

Designated

Restricted

Total

Total

fund

funds

funds

funds

funds

Notes

£

£

£

£

£

FIXED ASSETS

Tangible assets

13

288

-

-

288

1,075

CURRENT ASSETS

Debtors

14

55,010

-

-

55,010

55,672

Cash at bank and in hand

343,533

120,885

101,022

565,440

521,107

398,543

120,885

101,022

620,450

576,779

CREDITORS

Amounts falling due within one year

15

(200,066

)

-

(101,022

)

(301,088

)

(257,438

)

NET CURRENT ASSETS

198,477

120,885

-

319,362

319,341

TOTAL ASSETS LESS CURRENT LIABILITIES

198,765

120,885

-

319,650

320,416

NET ASSETS

198,765

120,885

-

319,650

320,416

FUNDS

16

Unrestricted funds

319,650

320,416

TOTAL FUNDS

319,650

320,416

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 16 December 2025 and were signed on its behalf by:

P M Salvador-Jones - Trustee

Cash flows from operating activities

Cash generated from operations

1

41,522

16,073

Net cash provided by operating activities

41,522

16,073

Cash flows from investing activities

Interest received

2,811

2,430

Net cash provided by investing activities

2,811

2,430

Change in cash and cash equivalents in the reporting period

44,333

18,503

Cash and cash equivalents at the beginning of the reporting period

521,107

502,604

Cash and cash equivalents at the end of the reporting period

565,440

521,107

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2025

2024

£

£

Net (expenditure)/income for the reporting period (as per the Statement of financial activities)

(766

)

13,747

Adjustments for:

Depreciation charges

787

1,510

Interest received

(2,811

)

(2,430

)

Decrease in debtors

662

24,566

Increase/(decrease) in creditors

43,650

(21,320

)

Net cash provided by operations

41,522

16,073

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.24

Cash flow

At 31.3.25

£

£

£

Net cash

Cash at bank and in hand

521,107

44,333

565,440

521,107

44,333

565,440

Total

521,107

44,333

565,440

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Fixed assets costing £500 or more are capitalised and are shown at historical cost. Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life by the straight line method.

Fixtures and fittings - 25% on cost

Office equipment - 25% on cost

Computer equipment - 25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2025

2024

£

£

Donations

4

75

3.	OTHER TRADING ACTIVITIES

2025

2024

£

£

Rent and room hire

276,224

274,053

Other income

25,056

19,346

301,280

293,399

4.	INVESTMENT INCOME

2025

2024

£

£

Deposit account interest

2,811

2,430

5.	INCOME FROM CHARITABLE ACTIVITIES

2025

2024

Activity

£

£

Grants

Charitable activities

70,657

131,053

Grants received, included in the above, are as follows:

2025

2024

£

£

Clarion Housing Group

-

4,146

Rocket Science UK Limited

-

1,679

Health Inequalities

70,657

-

London Borough of Barking and Dagenham

-

92,697

NHS North East London

-

32,530

70,657

131,052

6.	CHARITABLE ACTIVITIES COSTS

Direct

Support

Costs (see

costs (see

note 7)

note 8)

Totals

£

£

£

Support costs

-

10,024

10,024

Charitable activities

365,494

-

365,494

365,494

10,024

375,518

7.	DIRECT COSTS OF CHARITABLE ACTIVITIES

2025

2024

£

£

Staff costs

156,830

154,520

Rates and water

6,298

6,081

Insurance

12,934

12,916

Light and heat

30,145

32,641

Telephone

3,954

5,446

Postage, printing & stationery

6,694

7,152

Repairs & maintenance

62,387

50,321

Legal & professional fees

2,499

2,478

Training, recruitment & temporary staff

378

1,970

Volunteer expenses

685

261

Subscriptions

4,378

2,722

Consultancy fees

-

764

I T Expenses

7,521

10,412

Services

4,494

3,981

Bad debts

763

330

Long Covid programme

-

20,000

Health inequalities programme

65,534

88,716

365,494

400,711

8.	SUPPORT COSTS

Governance

Finance

Other

costs

Totals

£

£

£

£

Support costs

631

3,801

5,592

10,024