Charity Registration No. 1013060 Company Registration No. 02623071 (England and Wales) THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 The Whitechapel Centre Real solutions to housing & homelessness THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE LEGALAND ADMINISTRATIVE INFORMATION Honorary Llfe Pre8ldent MrT Croll8y MBE Trustees Ms A Brom ffre88urer) Mr S Collett Ms V Metcalf MBE (Chair) Ms S Thomas Ms M Wo(Kls Dr R Young Ms K Sh8erfn {Vl¢e Chair) Bro K Vance Mr l Road (Appolnted 18 July 2025) Chlef Executlva r D Carter Secretary Ar D Carter Charlty number 1013060 Company numbar 02623071 Registered office Langsdale Street Liv8rpool L3 8DT Audttor Mitch811 Charl8SWOrth {Audil) Limited Sultes C,D,E, & F 14th Floor The Plaza 1 C)0 Old Hail Str88t Livery)ool L3 gQJ Bankers Hampshlre Trust Bank PO Box 74003 London EC2P 2QR Natlonal W8stmlnstar Bank plc Llverpool Universlty Branch 5 Oxford Slrget Liverpool Mers8yside L7 7HL Fumess Building Society 51- 55 Duk8 Slraot Barrow-in-Fumess Cumbria LA14 1RT THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE LEGAL AND ADMINISTRATIVE INFORMATION Sollcltors Brabner8 LLP Horton House Exchange Flags Llverpool L2 3YL THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE CONTENTS Page Trustee8' report Slatement of tnjstees, responsiblllties 17 Independent auditor's report 18-20 Stat8ment of financial acAivities 21-22 Balance sheet 23 statemant of cash flows 24 Note8 to the financ4al statements 25-44 THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTOR'S REPORT) FOR THE YEAR ENDED 31 MARCH 2025 Th8 trustaes present thelr annual report and financial statements for th8 yaar 8ndad 31 March 2025. The flnandal statements hava b68n prepar6d In accordance wlth tha accounting policies set out In note 1 to the financlal statements and comply wlth Ihe charfty's memorandum and artlcles of assoGlallon, the Companles Act 2006 and "Accountlng and Reportlng by Charities.. Statement of Recommended Practice applicable to charities pr8parfng their accounts In accordanc& wlth th& Flnancial Reportlng Standard 8ppllcable in th@ UK and Republic of Irèland 492 492 No. seen bedded dD4 sleepinp rough during month 178 IBI L>l---- 127 124 103 ic 59 No. 5ttll rough ￿eepIng at monih end .39 31 In December 2024. The Whitechapel Centre reopened the 30-person Night Assessment Hub in Liverpool to respond to the surge in people presenting as newly homeless during the winter months. The Hub provi&d a safe overnight space while assessments and referrals to Housing Options and accommodation providers were completed. People without an immediate housing solution could stay overnight and return each night until a longer- term option was secured. The Hub operated for seven Months {December 2024 July 20251. During the firsl four months, 185 people accessed the service, with 148 SLJccessfully supported to move on to sustainable accommodation. This had a direct impact on reducing rough sleeping, with a 21./0 decrease recorded between Quarter 3 {Oct-Dec 20241 and Quarter 4 (Jan-mar 20251. Please see chart above. Of the 148 people successfully supported to move on= 24 were supported into private rented or shared (HMO) accommodation 45 moved into supported accommodation 33 accessed emergency B&B accommodation 6 were admitted lo hospital 40 returned to family or friends The Night Hub is one of several vital resources used by our Outreach Service to deliver housing solution5. Our teams are out every day building relationships with people on the streets. For many, homelessness is linked to multiple support needs such as substance use, poor mental health. or offending histories making access to appropriate accommodation with the right level of support essential. In total, the Outreach Team secured and supported 1,005 accommodation placements last year. As at 31 March 2025. 86°/o of Ihe 900 individuals seen rough sleeping in Liverpool were successfully supported into new or existing accommodation. or offered another sustainable solution, through coordinated multidisciplinary support including housing advice, intensive key-working, healthcare, and mental health or treatment inteNentions. 10- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTOR'S REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Domestlc Abusé Outreach Servlce: The Outreach Team's work Is strength8n8d by sever81 speclallst in-house seNlces that ensure placement8 are both approprlate and sustainabl6. Thasa Includa,. Intensive Supporl Servlce Pathways S8rvlc6 Imulll-dlsdpllnary Intanslva support servlcal Domestlc Abuse Outreach Sarvlca Outreach for People Involved In Sex Worf< Accommodation Rescu8 Setvice {20,9821 31,193 {8,184) 13,S88 Net cash (usad In}Igeneratad from Investlng actlvlties 15,331) 5,804 Not cash generated from financing activities Net increase in cash and cash equivalents 381,038 105.207 Cash and cash equivalents at beginning of year 774.778 689.571 Cash and cash 6qulvalent8 at and of yaar 1,155.816 774.778 -24- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollclos Charlly Informallon Thg Whltechapel Centre Is a prSvale company Ilmlted by guarantee incorporated in England and Wale& The rggistered office is Langsdale Street, Liverpool, L3 8DT. .1 A¢countlng conventlon The financial Slatements have been prepared in accordance with the charity's goveming document. the Companie8 Act 2006, FRS 102 °Th8 Financial Reporting Standard appllcable in the UK and Republic of Ireland" ("FRS 102) and the Charities sor4P 'Accounting and Reportlng by Charitles. Slatement ol Fiecommended Practice appllcable to charllles preparing their aGcounts In accordance with the Flnancial R8POrting Standard applicabl8 in the UK and R8publlc of Ir8land (FRS 102)'18ff8Ctlve 1 January 2019). The charity Is a Public Benefit Entity as defined by FRS 102, The financlal statemonts are propared In sterllng, whlch Is th6 functlonal curr6ncy of the charity. Monetary amounts In these finandal statements are rounded to the nearest £. The accounts hav6 baen pr6pared undar the hlslorical cost conv8ntSon. The prlnclpal accountlng pollcies adopted are sel cut below. 1.2 Golng concern Al the time of approvlng the llnanclal statements, the trustees have a reasonable expectafjon that the charlty has 8dequa18 r8sources to continue in operational 8xisl8nc8 for th8 fore88eabl8 futur8. Thus the trustees continuo to adopt th6 going concarn basls of accountlng In preparfng tha flnanolal stataments. 1.3 charitable funds Funds held by the charity are: UnrestrTCtedgene￿I funds- these are funds whlch can be used in accordance with the charltable objects at the discretion of the Irustees. Designated funds- thesa are fijnds set aside by the trustees out of unrestricted general thnds for specific future purposes, Restricted fvnds- thgs6 are funds that can only b8 US8d for particu18r r8Stricted purFX)se8 within th8 Dbjecls of the charity. RestriGtions arise when specified by the donor or when fijnds are raised for particular restricted purposes. Furlh8r 8xplanation of the nature and purp08e of each fund 18 included in the notes to the accounts. IA Income Income Is racognlsad In the pertod In whlch thè charity Is 8ntilled to recalpt and tha amount can b& m8a8urad reasonable certainty. Income from donallons and lègacles Is Includèd In fvll In the statemant of fin8nclal actlvltl8s wh&n r6celvabl6. Investment income is included when receivable. Grant8 and contracts, Includlng grants for the purchase of fixed assets, are recognlsed In fijll In thè ststement of financ181 activitles in the year in whlch they are receivable. Incorne is deferred only when the charity has to fulfil conditions befor8 Fxcoming enlitled to it or where the donor has spaclfied that tha income is to ba 8XP6nded In a fulure parlod. Fixed assets donated to the Cha￿tY are Included as donallon Income at marf(6t value at the time of recelpt. Asslstanca In tha fotyn of voluntary h&lp Is not quanllfiabla. and accordlngly not daall wlth In the accounts. Clothing and other Items donated for resal8 through the charity's shop are included as income within oth&r trading activllles and are recognlsed as Income when they are sold. -25- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnued) 1.5 Expendlture Expenditure reflects all amounts paid and accrued during the year, Expenditure Includes any VAT which cannot be fully recovered, and Is reported as part of the expenditure lo whlch11 relat6s. All costs are allocated botween the expendlture categorles of the Statement of Financial Activifjes (SOFA) on a basls designed to reflect the use of the resource. Costs relating to a particular activity are allocated dlredly, olhers are app)rtioned on an appropriate basis. Chak7tsble expenditu￿ comprises those costs inCu￿ed by th8 charity in the dellvery of Its activities and S6rvices for its beneficiaries. It include8 both costs that can be alloc8t8d directly to such activilies and th086 costs of an Indlrect nature necessary to support them. Ralslng funds compris8 costs associatad wth attracting incL)me and th8 C08ts of trading for fundraising purFX)ses Includlng the Gharfty shop. Gov8manc8 cosls r6prasént costs assoclated with meeting the constitutional and Statutory requirements of the ¢harlty and Include Ihe audlt fees and costs Ilnked to the strategic managernent of tha charlty. 1.6 Tanglble flxed assets All assets costing more than £1.000 are capitalised at cost. Tangible fixed a88ets are Statsd al c08t188s depr8Ci8tion. Depraciation is provided at rates calculated to write off the cost less estimated resldual valua of each asset ovar its 6xpeclad useful lite. as follow8: Flxluras, fittings & aqulpm8nt Computers 20% p.a. on cost 330k p.a on cost The galn or loss arising on the dlsposal of an assal Is det8milnad as tha difference b8lwe8n the sale proceeds and the carying value of the asset, and Is recognlsed In the statement of flnancial activltlas. 1.7 Fixed asset Investments The truslees consider th8t monles h&ld on long term deposit should be regarded as a fixed 8SSet invastment. 1.8 Impaimient of fixed a880ts At raportlng end date. the charlly roviews the carrying amounts of it8 tangib16 8ssets lo delermine whether there Is any Ind5catlon thal those assets have suffered an impairment loss. If any such indution exists. the recoverable amount of the asset is estimated in order to determine the extent of the Impalmient loss lif any). 1.9 stocks t)onated Items for the charlty shops sourced from both Indivlduals and organlsations are not Includad In tha financial Statements until they are sold at whlch polnt they are r8cognls8d as income. 1.10 Cash and cash equlvalents Cash and cash equivalen18 include cash In hand, deposits held at call wlth banks, other 8hort-temi liquid Investments with original maturltles of thrae months or lass. -26- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles {Contlnuèd) 1.11 Flnanclal Instruments The charity has elected to apply th6 provisions of Sectlon 11 'Baslc Flnanclal Instrumanls. and Socllon 12 'Other Flnanclal Inslruments Issues, of FRS 102 to all of Its financlal Instrumants. Financial instruments are recognised in the charity's balance sheot wh&n the charity bacomes party to the contractual provisions of the instNmant. Flnancial assets and liabilities are offset. with the net amounts presentsd in the financial stslements, wh8n there is a legally enforceable right to set off the recognised amounts and thar6 is an intentlon to Settle on a net basis or to reali8e the asset and settle the liability simultaneously. Baslc flnanclal assets Basic financlal assets, whlch include debtors and cash and bank balanc8s, ar8 initially rneasured at transaction price including transaction costs and are 8ubs8quenlly c8rried at 8mort188d cost using th6 effectlva Int@rest method unless th& arrangem6nt constttutes a financlng tran$aGtlon. wher8 the transactlon Is measured at the present value of the future recelpts discounted at a m8rt(et r81e of Interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabjlltles Basic financi81 liabililies, including cr8ditorE and bank loans 8r8 initially recogni88d at Ir8ns8CtiDn pric8 unl888 tho atrangemant constitutes a finan¢lng transactlon. Whe￿ the debt instrument is measured at tha presgnt value of the future payments discounted at a market rate of interesL Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently canled al amort1sed cost, uslng the effectlve Interest rate method. Trad8 cr8ditors are obllgations to pay fc>r goods or servlces that hav8 been acquired in the ordinary cours8 of OP8ratlons from suppllers. Amounts payablé are classified as current liabilitles if payment is due within one year or less. If not, they are presented as non-currenl liabilities. Trade creditors are recognised initlally at trans8clion price and subsequently m88sured 8t amortlsed cost using the effecliva interest melhDd. Derecognition of financlal Ilabjlities Finanoial liabiliti6s are d6recognised whsn the oharity's contractual obligallons axplra or are dlscharged or can￿lled. 1.12 Taxatlon The Gharfty beneflts from varfous exemptlons from tsxatlon afforded by tax leglslatlon and Is not118ble to corpomtion tax on income or galns falling within those ex8mpllons. R8covfjry is mad6 of tax deducted from quallfylng Inaoma and from receipts under Gift Aid. The charity Is not abl8 to recoverV8luè Add8d Tax. Expendlture Is recorded In th8 accounts incluslve of VAT. 1.13 Employee ben￿lts Th8 Cost of any unused holiday enb'tlement Is recognised in the period in which the employee's services are received. Termln8tlon beneflts ar8 recognlséd Imm&dlately as an expense when the charity is demonstrably e4)mmilted to terminate the employment of an 8mploy80 or to provide termination benefits. 1.14 Retirement beneflts The Charitable company operates a defined contribution pension scheme for employees. The assets of the scheme ar8 held 8eparat8ly from those of the charitable company. Thé annual contrlbutions payable at8 Charged to the statement of financial activities. -27- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 AIARGH 2025 Ac¢ountlng pollclas {Continued 1.15 Leases Rant8ls p8yabl8 und8r opar81ing leases. Includlng any laaso In￿ntIveS recelved, 8r8 charged to the statement of finanGial aGtivffje8 on a stralght Ilri8 basls ov8r th& t&rm of the relevant lease. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting policies, the tru8tees are requlred to make ludg8menls, eslimales and assumptions about the carrying amount of assets and liabilitiés th8t are not raadily apparent from other sources. The estimates and assoclated assumptions are based on historfcal experfence and othar factors that are considered lo be r61avant. Actual results may differ from these estimates. The estlmates and underlylng assumptlons are re￿eWed on an ongoing basls. Revlsions to accounting estimates are recognised in the peri(Kl in which the eslimale is revised where the revision affects Imly that perfod, or In tha p6rlod of Ihe r6vlslon and fulure periods whore the r8vislon affaGt8 both currenl and ftrture periods. There wero considerod to be no critical a￿O￿nting estimate8 or judgem8nts appligd in the preparation of these financial statements. Income from donations and legacie8 Unrestricted Restricted funds funds 2025 2025 Total Unrestricted Restrlcted funds funds 2024 2024 Total 2025 2024 Donatlons and gffts 679.963 44.532 724.495 721.291 44.779 766.070 -28- mtoo i ¢Otr)OrO Ln c) o rf) Lnoo ¢DONrO (00(y (0￿0>￿# x£ )r t> ¢J ¢5) CD v CQ * c¥) ¢￿ *tr In ¢11 (0*0 (0￿ (T) eD 4)enses Govemance costs 32.732 44,718 207.306 21,619 (34,927) 15,000 197.501 23.912 13,860 286.448 235.272 Analysed botweon: Fundralslng and trading ousing support and resetllement Homal&ss, rough sleeping and straet drinking Supported aCcomm￿atIon 70.61g 62,102 64,760 88,967 44.81g 33,03Q 50,192 107.232 286,448 235.273 2025 2024 Governance Costs ¢omprise' Audlt fées Accountancy 7,320 7,680 6,180 7,680 15,000 13,860 Support costs are r8allocated to expendilure on a use of spac￿SiZe of service basis. 11 Auditor'5 remuneration Fees pay8ble to the charity's auditor and associate8: 2025 2024 For audlt $8rvlces Audit Cf the flnanclal statements of the charlty 7,320 6,180 For other servlces All other non-audit seNices 7,680 7,680 12 Trustees None of the trustees (or any persons connected with them) received any remuneration during the y8* {2024- £nill, and no trustees were reimbursed expenses12024- no trustees were reimbursed expenses). -34- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employ888 The average monthly number of employees during th8 yearwas: 2025 Numbar 2024 Number Fundralsing Shop Ch8ritabla 186 170 Total 193 177 EmploymBnt costs 2025 2024 Wag8s and salaries Soclal sec(Jrlty costs other pension costs 5.270,467 500.509 229,939 4,649,874 434.434 204,360 6,000,915 5,288,668 Average employee numbers excludes employees on zero hour contracts not pald In the month of whlch thera were an addllional 13 employees on ave¥age {2024 an additional 12 employees on average). Included in wagas and salaries are payments lo subcontractors Including people from other oryanlsations seconded to or working in partnership with Whitechapel to deliv&r projects such as the Harm Reduction Servic8 which 18 delivered in partn8rship with SHAP Ltd and th8 LCR Assertiva 0￿reaCh S8nyic8 which 18 d81iv8red in partnership with Mersgy Care NHS Foundation Trust. Partner agency work8rs amounted to £583,897 (2024- £590,226). The number of employees whose annual remuneration was more than £80,000 is as follows: 2025 Number 2024 Number £70,000- £80,000 Contrlbutlons totalllng £4,76812024.' £3.678} were made to defined conlributlon penslon sch8mes on bèhalf of employees ￿Ose emoluments exceed £60,000. Romunoration of kgy management porsonnol The remuneratlon of key management personnel was as follows: 2025 2024 Aggrag8te comp6nsation 84,880 86,273 -35- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Employees {Contlnued) Trust86s mado donations of £1,20012024.' £900) lo the charlly durlng tha year. There were no other related party transactions in the year. 14 Other expendlture UnrestrlCt￿ Unrostrlcted funds funds 2025 2024 Nat loss on dispc)sal of t8nglbl8 fixad assats 15 Tangibla flxed assets Flxtur68, fitflngs & equipment Compul8r8 Totsl Cost Al 1 April 2024 Additions Disposals Reclassfication of prior year expenses 9,767 1,490 19,7671 83,510 9,767 15,542 (9,767) 122,657 14,052 39,147 At 31 March 2025 85.000 53,199 138,1Sg Daproclatlon and impalrment At 1 Aprll 2024 Depreciation charged in Ihe year Eliminated in respa¢t of dlsposals Reclassfication of prior year expenses 9.766 16,658 {9.766) 34,564 9,766 32,732 19,766) 44.718 16,074 10,154 At 31 March 2025 51,222 26.228 77.450 Carrylng amount Al 31 March 2025 33,778 28,971 60.749 At 31 March 2024 36- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 16 Fixed asset invostmonts Mon1&8 held on deposlt Cost or valuatlon At 1 Aprfl 2024 Addltlons 540,987 20,982 At 31 March 2025 561,969 Carrylng amount At 31 March 2025 561,969 At 31 March 2024 540,987 17 Flnanclal Instruments 2Q25 2024 Carrylng amount of flnanclal assets Debt instruments mgasur8d at amortised cast Equlty Instrumènts measured at cost less Impalnnent 2,447,171 661,969 2,116,188 540,987 Carrying amount of financial liabilities Measured at amorttsed cosl 405,596 326,171 18 Deblors 2025 2024 Amounts falllng duè wlthln one year: Trade debtors oth6r debtors Prep8yments and accrued income 1,217,664 1,758 71,933 1,256,862 84,548 1,291,355 1.341,410 19 Cradltors. amounts falllng due wlthln one year 2025 2024 Notes Other taxation and social security Deferred Income Trade cradltors Other credito Accmals 119.517 232.928 252,889 34,583 118.124 117,250 262,658 136,526 33,542 156,103 20 758.041 706,079 37- THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Deferred Income 2025 2024 Other deferred income 232,928 262,658 Defa￿ed Income is included in the financial statements as follows: 2025 2024 Total deferred income at 1 April 2024 Amounts r8¢alvèd In year Amounts credited to slatement of finandal 8Ctivtties 262,658 133,699 {163,4291 180,420 229,470 (180.420) Totsl defeffad income al 31 March 2025 232,928 262,658 Included In deferred income are recelpts whlch relate lo a fulure accountlng poriod and will b8 recognised to match the delivery of the se￿[Ce. 21 Retirement bendit schames D8fined contributlon scheme Tha charity oper8tas a dafinad conblbution pension schema for all qualifying employees. The a888ts of the scheme are held separately from those ofthe charity in an independently administered fvnd. The chargo to profit or loss In r8SPaCt of defined contribution schemes was £229,939 (2Q24 - £204.360). Total employee and employer contrlbullons of £34,583 {2024 £33,442) were payable to the fund al the balance sheet dat8 and are inc]uded within creditotE. -38- <0 ¢5) ID C ¢D O a) Ln o) Ln ¢3) CD O LD Ln¢NEoJfr4V* CQIL£ L)8 OLD *c E5 w u) 07) ¢U £27J QEU (Jo tr'c THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS {CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 23 Unrestricted funds The unreslricted funds of Ihe charlly comprlse the unexpended balances of donations and grants wh1(* ara not subject to specific conditions by donors and grantors as to how they may be u88d. These Include deslgnalad funds whlch have been set asida out of unrestricted funds by the trustaas for specific purposes. At 1 Aprll 2024 Incoma Expenditure Transfers At 31 Niarch 2025 Contingency fvnd Premises fund Dévalopmant fund General funds 750,000 150,000 250,000 755,103 750.000 250,000 250,000 go7.427 100,000 7,546,885 (7,057,884) (336,6771 1,905,103 7.546,885 (7,057,884) 1236,6771 2,157.427 Prevlous year: At q Aprll 2023 Income Expendlture Transfers At 31 March 2024 Contingency fund Premis88 fund Development fund General funds 750,000 150,000 250,000 768,051 750.000 150.000 250,QOQ 755,103 6,8ri,742 16,565,526) {125,164) 1.918.051 6,677,742 (6,565,526) (125,164) 1,905,103 The conlingency fund exlsts to Cover staff salaries and associated costs, redundancy paymen18 and sick pay In the @vent of reduced grant funding. Help manage cash flow due to de18ys in receipt of grant funding. Sixty percent (60/0) of th8 organisations grant incom8 is paid quarterly. in arrears. Also, w8 have a numb6r of contracls thal Involve paymenl by results, which causes furthor delays in payment schadules. Tha Contingency Fund helps ensure sufficient funds are available to manage this. Cover for unforeseen deficits that may arise on particular projeci8. The p￿MIseS fund relates to the a88oclated costs andlor sourcing of alt8mative resldentlal accommodatlon for clients and office premises for staff in the event of a disaster and l or the need to identify and move to alternauva accommodatlon. The development funcl will make provislon for seed funding for new services and ideas, fundlng trj help transform exlsting services and fundlng to cover requirements for social impact bonds. This fund has b66n used to help develop new accornmodation based services for homeless people, Also, It has been used to open a retail outlet that will generate a new income stream for the fvturo. -42- 0)￿ c G)0 *t eD o) THE WHITECHAPEL CENTRE COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 25 Operatlng leaso commitments At the reportlng end date the charity had outstandlng commltments for future minimum leasa payments undar non-canc&llab16 oparating leases, which fall due as follows.. 2025 2024 Wrthin one year Between two and five years 48,111 1,783 42,552 7,458 49.894 50,010 26 Cash generated from operatlons 2025 2024 Surpluslldefidt) for the year 360.751 {41,3881 Adlustments for. Investment Inwme recognlsed In statement of financial activities Depreciation of prior year capitalisd expenses Dapr6clatSon and impairment of tangible fixed assets Prlor-year capltallsallon adjustment {31,193) 44,719 32,732 (122,657) {13,9881 Movam6nts In worklng capltal: Decrease In debtors Increasel{decrease) in creditors {Dacreasa)nncrease in deferred income 50,055 81,692 (29,730) 222,941 (150,4001 82,238 Cash generated from operations 388,369 90,403 27 Company Ilmlted by guarantoa The Whitechapel Centre Is Incorporated under the Companles Act as a company lim1ted by guarantae. Tho Ilabllliy of tha members Is Ilmlted to £1. -44-