Blackwall Reach Trust

The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 January 2026.

Blackwall Reach Trust (the company) is a charitable company, limited by guarantee (company number 12137089), registered in England and Wales. It was incorporated on 2 August 2019 and remained dormant until the bank account was opened in September 2021 and monies that had been held by both London Borough of Tower Hamlets and SWAN Housing Association were transferred on 5 and 10 November 2021 respectively. It is governed by the Articles of Association adopted on incorporation (as amended 9 January 2024).

The charity was registered under the Charities Act 2011, Charity Registration Number 1191366 on 21 September 2020.

The names of the trustees who were in place on 31 January 2026 together with subsequent appointments up to the date of approval of these accounts are set out as part of the reference and administrative details on page 1 of this annual report and accounts. The governing document allows for a maximum of ten Trustees:

Two individuals (each a 'Resident Trustee') who are residents of Blackwall Reach.

Two individuals (each a 'Co-opted Trustee') who live or work within the London Borough of Tower Hamlets, who have been identified by the Board as having skills which will benefit the Charity.

Six individuals (each a 'Nominated Trustee') nominated by the following Nominating Bodies:

The power of appointing new trustees is vested in the trustees. The trustees do not receive any remuneration. Trustees are required to disclose all relevant interests and withdraw from decisions where a conflict of interest arises.

The trustees held a full board meeting four times during the year and an Annual General Meeting. Trustees conducted a Skills Audit this year and will use the outcomes to ensure that future recruitment to the board complements the existing skills of Trustees and fills gaps where possible.

The trustees hold ultimate responsibility for the policies, activities and assets of the charity. The trustees agree the broad strategy of the charity, review and confirm policy decisions, review proposals, approve grants, assess and discuss grant-holder performance reports and discuss financial and investment issues and performance.

Trustees keep the skill requirements of the Trustee body under review and seek to address any skill shortages upon vacancies. Trustees are inducted and training offered where necessary.

When necessary, the trustees seek advice and support from professional advisors, including legal advisors and auditors. The Trust receives funds as each phase of new redevelopment of Blackwall Reach Estate is completed. There is also an annual principle rent payment made, drawn from a service charge which all leaseholders who have purchased on the Blackwall Reach Estate have to pay annually. All monies are paid into its bank account at CAF Bank which it then uses to make grants and to cover its administrative costs.

The Trustees are also the Directors of ‘the Company’ and, under the terms of its Articles, every Member promises, if the Charity is dissolved while he or she remains a member, or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charity while he or she was a member.

The Trustees comprise the key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. The day-to-day management and operation of the charity has been supported by The Trust Partnership which has provided administrative, secretarial and bookkeeping support, including trustees’ policy statements and risk management procedures. This has increased efficiency and allowed the charity to maintain cost-effective operations. Where appropriate, advice is also taken from the charity’s auditor, legal and other professional advisors.

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the charities aims and objectives, managing the charities assets and considering applications for financial assistance.

Following registration with the Charity Commission, the Trustees of the Charity introduced a grant-making policy on the 29 January 2020. The purpose of the grant-making policy is to outline the principles and procedures to which Trustees must adhere in making grants of its funds in furtherance of its charitable purposes. Ensuring that each grant is made in furtherance of a charitable purpose that offers an identifiable benefit to the public or a significant section of the public and due diligence steps are followed. This policy is regularly reviewed by the board. This year's review led to the removal of the three-year rule, which stated that organisations could not reapply within three years of receiving a grant. Removal of this allows for organisations to reapply more quickly and be considered on merit.

Give it a Go. A maximum award of £500 available to individuals to initiate new and innovative community projects where there is currently an unmet need.

Helping Hand. A maximum award of £500 specifically available to family households claiming Universal Credit to enable participation in a leisure or sporting activity which supports the child’s personal development. A third-party referral is required.

Grants to Organisations. A maximum award of £20,000 available to fully constituted groups and organisations delivering beneficial community projects.

The Big Project Fund. Awards between £20,000 and £50,000 for a 1 year or 2 year project applied for by a fully constituted group with a track record of project delivery.

Crisis Fund. This fund was introduced in 2024 in response to the cost-of-living crisis. Any member of the Blackwall Reach community may apply for essential household items or clothing. Awards are anticipated of £250 but could increase to a maximum of £500 depending on the circumstances.

During the year ended 31 January 2026, nine grants were awarded (2025: 2) to the value of £101,993 (2025: £40,000).

SPLASH: 25^th anniversary celebration and coach trips to Margate, awarded £2,495

Osmani Trust: REACH Empowering Youth Project, £25,000 a year for two years (subject to satisfactory end of year one reporting)

Feedback from these funded projects was heartening, demonstrating an impact on mental health and wellbeing, friendships made and community cohesion.

This multigenerational group planned 39 weekly sessions and 'Big Walk’ Challenges, and completed walking challenges from Poplar to Greenwich Park as well as the Thames Barrier Park. There were further trips to Kew Gardens and Holland Park and a picnic to celebrate the walking milestones achieved.

Outcomes: There were 72 participants in all who now undertake around 150 minutes of weekly activity. Participants reported reduced stress and improved mood, had made new friendships and furthered community cohesion.

“Before I joined the walking and exercise sessions, I used to feel like the four walls of my home was my world. I used to feel so depressed and lonely but didn’t feel like going out. After joining, the world around me changed! I made new friends, started exploring my local area and went to Kew Gardens and Holland Park trips. I was so happy and felt very relaxed! Thank you for organising these sessions and trips for us. ” M___

SPLASH: Sunday 27^th July Celebration of the Robin Hood Garden Millennium Green.

On this sunny day, the Green was alive with stalls selling home cooked foods, a Bouncy Castle, Arts and Craft Workshop, BBQ, face painting, Mendhi, Games and Cake cutting. Activities culminated in a tug of war of children versus adults - and the children won!

Outcomes: The Fun Day brought over 130 new and longtime residents together, with people making new friends, and creating a joyful sense of community spirit.

August saw two full coaches take groups of mums of all ages, and their children, to a trip to the seaside. Of these 100 participants, most had never visited the English seaside before.

Outcomes: 100 participants travelled together with family, friends and neighbours, making new friendships that will last beyond the day trip. Individuals enjoyed the opportunity to get out of the city and experience the joys of a therapeutic trip to the sea.

A summary of the results for the year can be found on page 9 of this report and accounts.

During the year, total expenditure amounted to £128,337 (2025: £52,715). Grants amounting to £101,993 (2025: £40,000) were awarded during the year and £26,344 (2025: £12,715) was spent on administration and governance costs.

This results in net expenditure during the year of £66,483 (2025: net expenditure £15,788).

The trustees' policy is to operate on the basis of having sufficient income to use towards meeting their charitable objects and to accord with their principal aims. The trustees are of the opinion that the charity's funds as at 31 January 2026 together with anticipated contributions from the annual principle rent charge, remain sufficient to enable them to continue this ongoing objective. Income is also derived from the leasehold sale of properties, but no sum has been received during this financial year.

The charity has sufficient, but not excessive, funds to maintain its anticipated level of charitable distributions.

The accounts have been prepared on a going concerns basis. Given the level of reserves the trustees are confident that the charity will remain a going concern.

The balance sheet shows total funds of £314,676 (2025: £381,159). The unrestricted fund comprises amounts which ultimately are free reserves, but which are held by the trustees. The size of the unrestricted fund sustains and supports the level of donations which the trustees wish to make over time. The trustees consider free reserves to be adequate but not excessive in the light of the charity's reserves policy set out above.

The trustees' annual report was approved on 7 July 2026 and signed on behalf of the board of trustees by:

I report to the trustees on my examination of the financial statements of Blackwall Reach Trust ('the charity') for the year ended 31 January 2026.

As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

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:

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.

These financial statements were approved by the board of trustees and authorised for issue on 7th July 2026, and are signed on behalf of the board by:

The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 6 Trull Farm Buildings, Trull, Tetbury, Gloucestershire, GL8 8SQ.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102.

Under the terms of its Articles, every Member promises, if the Charity is dissolved while he or she remains a member, or within 12 months afterwards, to pay up to £1 towards the costs of dissolution and the liabilities incurred by the Charity while he or she was a member.

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	Page

Trustees' annual report (incorporating the director's report)	1

Independent examiner's report to the trustees	8

Statement of financial activities (including income and expenditure account)	9

Statement of financial position	10

Statement of cash flows	11

Notes to the financial statements	12

Registered charity name	Blackwall Reach Trust

Charity registration number	1191366

Company registration number	12137089

Principal office and registered	6 Trull Farm Buildings
office	Tetbury
	Gloucestershire
	GL8 8SQ

The trustees	Karen Swift
	Ian Haworth
	Mary Monica Frost	(Resigned 1 July 2025)
	Stefanie Turton	(Resigned 31 January 2026)
	Hasina Chand
	Fola Ademoye	(Appointed 3 April 2025)
	Simon Clennell-Jones	(Appointed 4 March 2025)

Independent Examiner	Stephen Jones
	132 Burnt Ash Road
	Lee
	London
	SE12 8PU

Accountants	Trust Accounting Limited
	6 Trull Farm Buildings
	Trull, Tetbury
	Gloucestershire
	GL8 8SQ

Bankers	CAF Bank
	25 Kings Hill Avenue
	West Mailing
	Kent
	ME19 4TA

Grant administrators	The Trust Partnership (Foundations) Ltd
	6 Trull Farm Buildings
	Trull, Tetbury
	Gloucestershire
	GL8 8SQ

•	Two individuals who are employees of, and nominated by, the London Borough of Tower Hamlets;
•	Up to two appointees of Sanctuary Housing Association Ltd or one of the entities in its Group (‘the Sanctuary Group') who must each be employed by the Sanctuary Group (a Sanctuary director);
•	One individual who is either an employee of Woolmore Primary School or a member of its Board of Governors, and who is nominated by its Board of Governors; and
•	Following the end of the period identified in Article 6.6 and not before, one individual who is a resident of Blackwall Reach and nominated by the Blackwall Reach Estates Residents' Board.

•	Make a substantial contribution to the life of the whole community at Blackwall Reach;
•	Be able to be enjoyed by people of all ages and physical abilities;
•	Be open to visitors to Blackwall Reach as well as Blackwall Reach residents;
•	Be an attractive place for people to take air and exercise, meet others and pursue leisure activities and pastimes consistent with shared enjoyment of the whole of the Robin Hood Millennium Green;

•	Review the success of their grant funding streams to ensure that residents are aware of these and find the process accessible
•	Continue to strengthen the board by filling some of the vacancies, including representation by the Residents’ Board
•	Review the potential for recruiting a Community Connector to support community engagement.

1.	accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or

2.	the financial statements do not accord with those records; or

3.	the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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; or

4.	the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

		2026		2025
		Unrestricted
		funds	Total funds	Total funds
	Note	£	£	£

Income and endowments
Principle rents	5	55,382	55,382	31,470
Investment income	6	6,472	6,472	5,457

Total income		61,854	61,854	36,927

Expenditure
Expenditure on charitable activities	7	128,337	128,337	52,715

Total expenditure		128,337	128,337	52,715


Net (expenditure) and net movement in funds		(66,483)	(66,483)	(15,788)

Reconciliation of funds
Total funds brought forward		381,159	381,159	396,947

Total funds carried forward		314,676	314,676	381,159

•	The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

	2026	2025
	£	£

Cash flows from operating activities
Net (expenditure)	(66,483)	(15,788)

Adjustments for:
Interest receivable and similar
income	(6,472)	(5,457)

Changes in:
Accrued expenses	2,211	18,880
Trade and other debtors	(2,159)	(26,471)
Trade and other creditors	767	873

Cash generated from operations	(72,136)	(27,963)

Interest received	6,472	5,457

Net cash (expended) in operating activities	(65,664)	(22,506)

Net (decrease) in cash and cash equivalents	(65,664)	(22,506)
Cash and cash equivalents at beginning of year	377,794	400,300

Cash and cash equivalents at end of year	312,130	377,794

•	income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable, and its amount can be measured reliably.

•	legacy income is recognised when receipt is probable and entitlement is established.

•	income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.

•	income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.

•	expenditure on raising funds includes the costs of all fundraising activities, events, non- charitable trading activities, and the sale of donated goods.

•	expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.

•	other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.

	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2026	Funds	2025
	£	£	£	£

Principle rents	55,382	55,382	31,470	31,470

	Support	Total funds	Total funds
	costs	2026	2025
	£	£	£

Trust and financial administration	25,093	25,093	10,848
Other costs	-	-	497
Governance costs	1,251	1,251	1,370

	26,344	26,344	12,715

	2026	2025
	£	£
Fees payable to the independent examiner for: Independent examination of the financial statements
	1,008	960

	2026	2025
	£	£

Trade debtors	57,544	55,185
Accrued income	400	600

	57,944	55,785

	2026	2025
	£	£

Trade creditors	1,640	873
Accruals and deferred income	53,758	51,547

	55,398	52,420

	At 1 February			At 31 January
	2025	Income	Expenditure	2026
	£	£	£	£

General funds	381,159	61,854	(128,337)	314,676

	At			At
	1 February			31 January
	2024	Income	Expenditure	2025
	£	£	£	£

General funds	396,947	36,927	(52,715)	381,159

	At		At
	1 Feb 2025	Cash flows	31 Jan 2026
	£	£	£

Cash at bank and in hand	377,794	(65,664)	312,130