Charity registration number 1027645 Company reglstration number 028596151England and Wales) THE LEASIDE TRUST ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE LEASIDE TRUST LEGAL AND ADMINISTRATIVE INFORMATION Trustees Oerèk Stride - Chair Dominic Bumelt Chris Heaume Jacqueline Louise Woods Paul Geist Olivia Gwyneth Terry Pepper {Appoinled on 30 July 2024) (Appointed on 28 October 2024) Charity numbèr 1027645 Company number 02859615 Senlor Management Team Bethany Summers- Chief Executive Officer Registered office Spring Lane Clapton London E5 9HQ Independent examiner Samir Shah FCA, ATII Ramon Lee Lld Chartered A¢¢ounlants 93 Tabemade Street London EC2A 4BA Website vrnw.le -or .uk Bankers HSBC 283 Mare Slreet London E81PJ
THE LEASIDE TRUST CONTENTS Page Truslees, report Independent examinerfs report Slatement of financial aclivilies Balance sheel Notes lo Ihe financial slalemenls 10-20
THE LEASIDE TRUST TRUSTEES. REPORT {INCLUDING DIRECTORS, REPORT> FOR THE YEAR ENDED 31 MARCH 2025 The Trustees present their annual report and financial statements for the year ended 31 March 2025. The financial s131ements have been prepared in accordan with Ihe accounting policies set oul in note 1 to the financial slalements and comply wilh the charitable CoMpanS Memorandum and Articles of Associalion, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance with Ihe Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" {effeclive l January 2019). Introductlon l Overview Leaside supporis young people and the wider community to live healthy. cA)nfidenl, and active lives. We do this through sporl, learning, and care for the environment. Healthier - We promote physical and mental health 2nd wellbeing Ihrough water-based and land-based aclivitics. These 2Ctivilies build confidence, teamwork skills. 2nd positive social behavior. Personal and Social Developmenl- We help young people develop life skills so they can learn, work, and fully lake part in Society, Environmental learning and actlon - We support people lo understand environmenlal challenges and take praclical adion lo prolect rivers and green spaces. Objectives and activities Leaside's offer Leaside has been delivering youth focused waler based a¢livilies in Hackney for over So years, registering as charity in 1993. During 2024-2025 we have continued lo transition beyond being a specialist paddlesports cenlre expanding our community focus lo ensure the wider community benefits from our unique sile overlooking Ihe River Lea, incredible facililies and range of aclivities we offer induding.. Exlensive paddle craft and kil new fleet of mountain bikes bike repair workshop narrow boat the Martin Sinclair Gym equipment large hall, classroom, kitchens outdoor classrooms, habital gardens and wildlife ponds During the year, young people, families, disabled participanls, schools. volunteers, and local residents benefrted from access to sport, training, learning aboul the environment. and cnmmunily activities. In 2024-2025 Our programmes help people lo improve: confidene£ and self*steem, physical and mental heallh, practical skills for work and learning. communication and leadership skills and beller understanding and take action on environmental iSSLtes. What we do Youth and Community Programmes Year round open access youth dub with 4 weekly sessions serving 250+ youlh members Holiday programmes ran for 11 weeks oflering paddling. cycling, crafts, games, cooking and nature based sessions. We had 90+ young people eligible for free school meals accessing aclivities for free through the Holidays and Food {HAF) programme. Residenlial trip5 included a surfing on Devon Beaches, a bushcraft arKI wildlife trip lo Camerons Coltage in the New Forest, two weeks residenlials on the Angel11 Canal Boal. Local youth dubs and cownmunily groups regularly a$S subsided sessions. Our training piogramme offered freeldiscounled Paddle UK and MIAS mountain biking courses. Funding from GolLondon enabled LeasKle lo purchase and maintain a new fleet of bikes enabling us lo support hundreds of local young people get out cycling including schools, youth clubs and Leaside youth members.
THE LEASIDE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 School Programmes We have a thriving priTnary and Secndary school programme with thousands of pupils taking part in on the water and biking sessions. In partnership wilh EcoAclive we delivered arourKI 10 Hybrid learning sessions thal combine classroom- based environmenlal learning with water based environmental action. We are particularly proud of growing relationships with speaalist schools including Slormont House and Little Ilford Open Days, Community Activities and Partnership Building We delivered a busy programme of open days and public events in 2024-25 welcoming over 1500 local people ¢realing a stronger sense of local communily and broadening access and inclusion. These days offer paddlesports lasler sessions. cycling and canal boal trips, community stalls, music, enviTonmenlal action, bike mainlenan¢e and importanlty cullurally diverse food. Love Lea Festival In Spring 2024 Leaside helped coordinale this cross sector partnership series of events that celebrated the River Lea, raised awareness and enabled communities lo lake enwronmenlal action to prolect our beloved River. The festival kicked off with Leaside Spring Open Day allended by over 500 people and Hackney Mayor C2Toline Woodley. Over 10 local organisalions hosled events including litter picks, public walks, talks and film screenings. Paddleablllty and In¢lu$lon In 2024125 Leaside launched the first stage of Its Paddleability programme thal bullds on the ¢enlre wide accessibility improvements including new wheelchair accessible pontoons and EZ Dock Launcher. a stable platform lo access the water. To $18rt oulreach we delivered the firsl Paddleabiliiy Famity Fun day in partnership wilh HacknÈy Ark and London Cycle Campaign (LCC) whith enabled 30 disabled children and their families lo try paddling and cycling. Leaside Adult Paddle Club Our Adult Paddle Club programme has weekly paddling sessions including a public paddle on Wednesday evenings during the summer and every Sunday. This year we hosted a series of members workshops and slrategy sessions which resulted in Ihe creallon of a Steering Group lo help shape the dub We have a weekly Wednesday circuit training session and Sunday yoga Adult paddle trips included week long adventures like the Great Glen Canoe, and Scollish While Water trips and club day trips including the Greal Ouse, and Tidal Thames Irips to name a few. Environmental and RiverAction Leaside is commilled lo becoming a pioneeiing community hub for environmenlal suslainabilily and river action. The River Lea and Ihc inrJcdible local green spaces are al the heart of our work offering young people of Hackney an opportunily lo feel they are in Ihe countryside in London. This year our actions includcd.. Supporting wide ranging river action in partnership wilh River Lea Catchment Partnership including a citizen science water quality tesling, plaslic pollution picks and riverbank clean-ups, invasive pennywort removal. Our greening activitie5 by young people and community volunteers continued transfomiing our sile with community gaidening providing biodiverstly habitats. including a pond bringing snakes, newts, rare bees and hedgehogs. We supported greater partnership working to prolect the River Lea. This includes with strategic partners induding with Thames21, Environment Agency, Paddle UK. Angling Trust. CRT and Lea Valley Regional Aulhorily as well as important community stakeholders like Save Lea Marshes. East London wateorkS Park and many more. Volunteering and Reparatlon Around 600 people volunteered during the year on gardening. bike repairs, site mainlenance, and river aclion. Five corporate teams (aiound 60 513ff) supported site improvements. Hackney Youth Offendin9 Service conlinues lo use Leaside as a hub for acliwlies supporting young people learn to repair bike repairs, improve habitats, lake on creative projects and even make jam with foraged blackberries!
THE LEASIDE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Achievemenls and performance The tfuslees highlight three key areas of impacl during the year. Impact 1: Youth Training and Development The Youth Trainee Instructor Programffle that 5UPPOrted eight young people lo gain recognised qualifications in 2023-24 had a translormalional impact on Leaside's work and the young people's lives. PartlClP2nls said Ihey fell more confident, more mature. and better prepared for vrk. Several gained paid work or leadership roles as a direcl result of the programme. Impact 2: New Leadershlp and Strong Foundations Following the appointment of 2 new Director Bethany Summers in early 2024 she has been working dosely with the team lo implement a range of transformational projecls designed to create more robust internal systems (HR, finance, IT, governance), strengthen our financial position, broaden community access and bring the team 10gelher lo create a positive culture for Leaside's work lo conlinue. This work has crealed a strong and accountable base for future growth, Impact 3: Strong Community Engagement Leaside increased access lo its sile and aclivilies.. morè local residents look part in sport and volunteering including through a new weekly Charedi women's cyding club, partnerships with schools. charities, and agencies grew subslanlially. These efforts were recognised by Young Hackney Piojed of the Year Award for 'Leaside's Year of Partnerships" Publlc beneflt statement In shaping our objectives for the year and planning ¢)ur a¢livilies. the trustees have o)nsideied the Charity Commission's guidance on public benefit. including Ihe guidance 'public benefit: running a ¢harily (PD2). The achievements and activities above demonstrate Ihe public benefit arising through Ihe charily's aclivities. Our volunteers Our activities can only happen with Ihe support of a range of able volunteers, commilted lo the ethos of Leaslde. We offer these volunleers training lo enhance the provision that Leaside delivers to its young people and communily. This volunleering consists of support for general activities. special needs groups. ofl-sile trips, mentoring of young people and general upkeep and mainlenance of Ihe cenlre. These volunteers have conlribuled hundreds of hours of support for which we are extremely grateful. Volunteers are supporled with professional development relevant to the activities provided at Leaside. Financial revlew The Slalement of Financial Aclivilies showed a nel deficit for the year of £50,718 (2024 - £28,878> and lolal reserves sland al £618.460 (2024 £669,178). The financial position at the end of the year revealed by the Balance Sheet, shows net current assets or working capital of £48,088 {2024 - £90,871). The nel book value of fixed assels held incllrding land and buildings, all of which are used directly for charilable purposes, amounted to £572,675 <2024 - £584,574). Principal funding sources Leaside Principal funding source in Ihis period were- London Borough of Hackney (Connecting Young Hackney) Cily Bridge Trust Leaside membership fees Income from courses Venue Hire Reserves policy The Irlrslees consider it prudent to maintain an adequate level ol unreslricted reseNes lo cover the community cenlre's contractual commilrllenls and provide sufficienl working capital and have set this at minimum of Iwo months operalional costs. The trustees are endeavoring lo increase Ihe level of resee$ in next year. As al the year-end the financial stalemenls showed reseNes of £618.460 (2024 - £669,178), of which £356,875 <2024 £388,829) were restricted funds and £261,585 (2024 - £280,349) were unrestricted funds. The unreslr¢cted funds not designated or invested in tangible fixed assets held by Ihe charity are of £46,827 {2024 - £85.5581.
THE LEASIDE TRUST TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT> (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Plans for future perlods The Iruslees are considering further developments, including- stronger community partnerships lo increase reach lo young people and the communily more provision for people with disabilities expanding corporate and community volunteering growing youth and volunteer Iraining schemes creating 2 youth and members. space creating a low arousal focus space closer work with the on.sile Sea Cadet's improving long-term finances so aclivities for low incomes remain free or low cost a river aclion and mMunitY gardening programme increase services and reach through slronger, MO targeted grant applications These plans aim lo deepen communily involvement and improve suslainabilily. Structure, governance and management Governlng doGument The Leaside Trusl is a company limited by guaranlee and not having a capilal divided by shares. The company was incorporaled on 61h October 1993 and is a registered charily conslituled as a Limiled Company under the Memorandum and Articles of Associalion. The charity registration number Is 1027645 and Iho company registration number is 02859615. Recruitment and appointment of trustees In recruiting and appointing new Iruslees, Ihe Board considers the mix of skills and experience required, for example exparience in the education seclor, business skills. legal expertise, financial knowledge, personal involvement in Leaside's work. The Board has been reviewing ils mix ol skills and is looking lo reciuils to fill gaps. The minimum number of truslees is 0.. there is no maximum number. Trustse inductlon and training Thc Board has prepared a truslees induclion pack lo ensure ihal all new Iruslees quickly become familiar wilh the Charity and ils work. and with the responsibilities of their roFe. The Iruslees undertake periodic reviews ol Iheir training needs. Organisation The Board meets al least four times a year and individual trustees do addilional work between Board meetings by taking responsibility for pariicular areas of the Board's work. These include aclivilies and programmes, communications and marketing. finanGe, fundraising, personnel. policies and procedures and premises. The Chief Execulive, who is appointed by the trustees. manages the day-1041ay operations of Ihe charity under delegated powers approved by Ihe Irustees. The Chief Executive has a small team of permanenl and sessional staff. and the charity is extensively supported by volunteers. Related parties During Ihe year there were no related party Iransactions. Risk management The Board has a range of detailed policies designed to address the major risk areas to which the charily is exposed. These include Health & safety on water activities. Stafflvolunteer safeguarding. Financial suslainabilily and funding risks, Opeialional risks (equipment, wealher. environmenlal hazards). all of whith are reviewed regularty.
THE LEASIDE TRUST TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTFNUED} FOR THE YEAR ENDED 31 MARCH 2025 statement of Trustees responsibilities The Trusletss, who are also Ihe dlreclor8 of Tho Leasid8 Trust for the purpose of company law, are responslble for preparlng Ihe Truslees, Repori and the financial stalemenls in accordance with applicable law and Unlled Klngdom Accounting S18ndards (United Kingdom GenallY Accepted Accounting PracliGe). Cornpany Law requires the Trustee5 to prepare financial statements for each financial year whlch give a tw& and ralr vlew of the slate of affalrs of Ihe charitable company and ol the incoming resouiceii and applicalion of resources. InGludlng the InGome and expendilure. of Ihe chariiable company for that year. In preparing theso financial stat8menls, Ih&Tru51ees are requlred to: - select sullable aGGounting polldes 8nd Ihen apY th consbslenlly; - obseNe the methods and princlples in Ihe Charilies SORP; make ludgemenls and eslimates that are reasonable and prudontr, and prepare Ihe flnandal statemenls on the going con¢em basls unless It Is Inappropriat8 lo presume that tha haritable Company will conllnue In operation. The Trusle8s are responslble for keepSng adéquate 8ccounling records that dlsclose wilh roasonable accuracy at any tlme the financlaS position of Ihe charilable company and enable them to en%iire Ihat the flnancial statement5 comply wilh the Companies Acl 2006. They are algo responsible for safeguarding the assets of the charitable company and hence for taklng reasonable steps for the prevontlon and detectlon of fraud and olhèr irregular11188. The trustees are respDnslble for malntenance and Integriiy of the corporate and financial informatlon Includod on th charitable company's webslle. Leglslauon In the United Klngdom governing the preparallon and d5ssemlnatlon of rinaneial stafemenlg may differ from lagislation in other Jurlsdlcllons. This report has been prepared in accordan wlth the spgGlal provisions of Part 15 of the Companies Aol 2006 relallng to 8m811 companles, The Trustees, report was approved by the Board of TNslee5 and slgned on Its behalf by.. D¢rek Strid Chair January 2026
THE LEASIDE TRUST INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE LEASIDE TRUST I report to the Trustees on my examination of the financial statemen15 of The Leaside Trust (Ihe charitable company) for the year ended 31 Marth 2025. Responsibilities and basls of report As the Trustees of Ihe charitable company (and also ils directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with Ihè rquiremenls of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial slalemenls of Ihe charitable company are nol required to be audited under Part 16 of the 2006 Act and are eligible for independenl examination, I report in respect of my examination of the charitable company's financial slalements carried oul under seclion 145 of the Charities Act 2011 {the 2011 AGt). In carrying out my examination I have followed all the applicable Directions given by the Charity Cornmission under section 145{5)(b) of the 2011 Act. Independent examinerfs statement Since the charitable company'5 gros5 income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified lo underiake the examinalion because l am a member of ICAEW, which is one of the listed bodies. I have completed my examination. I confirm Ihal no matters have come to my attention in connection with the exarninalion giving me cause to believe Ihat in any material respect.. accounting records were not kepl in respect of the charitable company as required by section 386 of the 20CIS Act,, or Ihe financial statements do not accord wilh Ihose records., ¢y Ihe financial slatemenls do not comply with the accounting requirements of seclion 396 of Ihe 2006 Acl other Ihan any requirement Ihal the accounls give a true and lair view which is nol a matter considered as part of an independenl examination., or the financial stalemenls have not been prepared in accordance wilh Ihe methods and prin¢iples of the Statement of Recommended Praclice for accounling and reporting by charities applicable lo charities preparing their accounts in accordanck wilh Ihe Financial Reporting Standard applicAble in the UK and Republic of Ireland (FRS 102>. I have no concerns and have come across no olher matters in connection with the examination lo which attention should be diawn in Ihis report in order lo enable a proper underslandiiig of the financi81 slatemenls to be reached. Samir Shah FCA, ATII Ramon Lee Ltd Chartered Ac¢ountsnts 93 Tabernacle Street London EC2A 4BA Daled.. 29 January 2026
THE LEASIDE TRUST STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Restricted funds funds Total 202S Total 2024 Notes Income and endowments from: Donations and legacies Charitable activities Other trading aclivilies Olher income 1.430 158,996 26.316 774 1,430 260,385 26.316 774 2,021 282,503 12,567 876 101,389 Totsl Income 187.516 101.389 288,905 297,967 enditure on.. Raising funds Charitable activities 16,995 189,285 16,995 322,628 10,317 316,528 133.343 Totsl expenditure 206,280 133,343 339,623 326,845 Net expenditure for the yearl Net movement in funds (18,764) (31,954) 150,718) (28,878) Fund balances al 1 April 2024 280,349 388,829 669,178 698.056 Fund balances at 31 March 2025 261,585 356,875 618,460 669,178 The statement of financial activilies includes all gains and Sosses recognised in the year. The deficit of £50,718 is largely allribulable to non-cash expendilure in respect of depreciation of fixed assets amounling lo £65,257. Exduding Ihis non-cash charge, the charity's financial activities refEecl a surplus. indicating sustainable financial performance from ils core aclivilies. All income and expenditure derive from continuing aclivities. The slalement of financial aclivilies also complies with the requirements for an income and expenditure account under Ihe Companies Act 2006. The notes on pages 10 10 20 form part of these Iinancial stalemenls.
THE LEASIDE TRUST BALANCE SHEET AS AT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 13 572.675 584.574 Current assets Debtors Cash al bank and in hand 14 6,294 67.027 50,356 68,131 73,321 118,487 Creditors: amoun1$ falling due wlthin ono year 15 (25,233) (27,616) Net current assets 48.088 90,871 Totsl assets less current IlabllStie$ 620.763 675,445 Creditors: amounts falling due after more than one year 16 (2,303) 16,267) Nel assets 618,460 669,178 Income funds Reslricled funds Unreslricled funds 19 356,875 261,585 388,829 280,349 618,460 669,178 The noles on pages 10 to 20 form part of these financial slatements.
THE LEASIDE TRUST BALANCE SHEET (CONTINUED) ASAT31 IWARCH 2025 The company Is entitled to Ihe exemptton from Ihe audit requirement contained in seclion 477 of tho Companl8s Act 2006. for the year ended 31 March 2025. The members have nol requlred thg company lo obtain an audit of Its financial statements for Ihe year in qu861ion In accordance wltli sectlon 476. The dlreclors acknowledge their responsibilities for. a) ensuring Ihal the charitable oompany keeps accounting records thal comply wilh S8ctions 386 and 887 of the Companies Acl 2006 and b) pr8Pdrlng financial slalemenls which give a true and falr view of the slate of affalrs of Ihe charilable company as at the end of each financSal year and of its surplus or deliGil for caGh flnanclal yvar in aGcordance with Ihe requlraments of section 394 and 395 and which otherwise cornply wilh the r8quirements of the Companies Ack 2006 r8lallng io financlal slalements, so lar as appllcable to the Gharltable company. These financlal statements have been prepared In accdance wilh tha provisions applicable to companles subj8Ct lo tlie small companles regime. The financial slaternents were approved by the Trustees on £SJ nuary 2026 and war8 Signed on ils behalf by: Derek Stride Chalr Company registration number 02859615
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies 1.1 Accounting convention The financial slatemenls have been prepared in accordan wilh the charitable company's Memorandum and Articles of Association. the Companies Acl 20. FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" C'FRS 102) and the Charities SORP"Accounting and Reporting by Charilie5'. Statement of Recommended Practice applicable lo charities preparing their accounts in accordance wilh the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (effeclive 1 Januaiy 2019). The charilable company is a Public Benefit Entily as defined by FRS 102. The charitable company has taken advantage of the prowsions in the SORP for charilies not lo prepare a Stalemenl of Cash Flows. The financial statements are prepared in slerling, which is the functional currency of the charitable company. Monetary amounts in these financial slalemenls are rounded to the nearest £. The financial slalements have been prepared under Ihe historical cosl convention. The principal accounting policies adopied are set oul below. 1.2 Going Concern The charily's financial statements show a net deficit of £50,718 (2024 - £28,878) foi Ihe year and free reserves of £46,827 {2024 - £85,558) as al Ihe year end. The truslees are of Ihe view Ihat these resulls have secured the immediale future of the charily for the next 12 to 18 months and on this basis the charity is a going concern. 1.3 Charltable funds Unreslricled funds are available for use al Ihe dls¢relion of the Trustees in furtheran of Iheir charitable objectives. Reslricled funds are subjecl to specific conditions by donors as lo how they may be used. The purposes and ses of Ihe restricted funds are sel oul in the notes lo the financial slalemenls. 1.4 Income All income is included in the slalemenl of financial activities when Ihe charity is legally entitled to it, receipt 1$ probable and the amount can be measured wilh sufficienl reliabilily. Grant income Grants are credited lo the slalemenl of financial aclivilies when the charity is enlilled to the funds. Income Is only deferred where there are ts'me conslrainls imposed by the donor or if Ihe funding is perfomiance related. Where enlillement to grants receivable is dependenl upon fulfilmenl of condilions within the charity's control, Ihe income is recognised when there is sufficient evidence that conditions will be met. Grants supporting the core activities of the charily and wilh no specific restrictions placed upon their use are included within donations and legacies. Grants that have spectfic restrictions plad upon their use are included wilhin income from charitable activities. Capital grants for the puichase of fixed assets are credited to restricled incoming resources on the eailier dale of when they are received 01 re1Vable. Deprecation on the relaled fixed assets is charged against the reslricled fund. Donations and legacies Donations are recognised in the peiiod in which they are reived. Legacy income is recognised vthen the charity's entitlement is judged lo be probable and where Ihe amount can be reliably measured. 10-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Continuedl Contract income Income Irom charilable activities include income recognised as eamed (as the related goods and services are provided) under contiacl. Room hire and servlce change income Room hire and service charge income are L¥edited lo income in Ihe year in which Ihey are re[vable. 1.5 Expenditure Expenditure is recognised once there is a legal or cnnslTuclive obligalion to transfer economic benefit lo a third party. it is probable that a Iransfer of economic benefits will be required in seltlemenl, and the amounl of the obligation can be measured reliably. Expenditure is classif18d by aclivily. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each acliwly. Direct costs allributable lo a single activity a allocaled direclly lo Ihal aclivily. Shared costs which conlribule to more than one activity and SLJPPOrt costs which are not allribulable lo a single aclivily are apportioned between those aclivilies on 2 basis consislenl with Ihe use of resources. Central slaff cnsts are allocaled on the basis of lime spent, and depreciation charges are allocated on the porlion of the asset's use. Allocatlon of support costs Support cosls are those functions that assist Ihe work of Ihe charity but do not directly underiake charitable activities. Support costs include back office costs, finance, personnel. payroll and governance costs which support the charity's programmes and activilies. These costs have been allocaled belween cost of raisin'g funds and expendilure on ¢harilable aclivilies. All Ihe general support and governance costs have been apportioned to the various charitable aclivities on the basis of staff lime allocated lo each aclivily. 1.6 Tangible fixed assets Tangible fixed assets are inilially measured at cost and subsequently measured al cost or valualion, nel of depreciation and any impairment losses. Individual lixed assets cosling £500 or more are capilalized al cosl. Deprecialion is provided al rates calculated lo write off Ihe cosl or valuation of fixed assels, less their estimated residual value. over their expecled useful life on the following bases.. Leasehold property Boal slorage Furniture and equipment Computer equipmenl Over 40 years Over 18 years 33 113tsA per annum on c05l 1.7 Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held al call with banks, olher short-lerm liquid investments with original matuiilies of three months or less. and bank overdrafts. Bank overdrafts ale shown within borrowings in currenl liabililies. 1.8 Financial instruments The charitable company has elected lo apply the provisions of Section 11 'Basic Financial Instrumenls, and Seclion 12 '01her Financial Instruments Issues, of FRS 102 to all of ils financial instfumenls. Financi31 instruments are recognised in the charilable company's balance sheel when the charitable company becomes parly lo the contractual provision5 of the instrument. Financial assets and liabilities are offset. with Ihe nel amounts presented in the financial slalemenls. when there is a legally enforceable light lo sel off the reccrfJnised amounts and there is an inlenlion lo settle on a net basis or to reali5e Ihe asset and settle Ihe liability simLJllaneously. 11
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies (Continued) 1.9 Taxation The charity is a registered charity and, therefore, is not liable for Income Tax or Corporation Tax on income derived from ils charilable activities, as il falls within the various exemptions available to registered charilies. 1.10 Creditors and provisions Provisions are recognised when the charitable company has a legal or constructive present obligation as a result of a past event, it is probable that the charitable company will be required to sellle thal obligation and a reliable eslimale can be made of the amounl of Ihe obligation. The amount recognised as a provision is the besl estimate of the consideration required lo sellle Ihe presenl obligation al Ihe reporting end dale, laking inlo account Ihe risks and uncertainties surrounding the obligation. Where the effecl of the time value of money is material, the amount expected to be required lo settle the obligalion is recognised at present value. en a provision is measured al present value. the unwinding of the discount is recognised as a finance cost in nel incomel{expendilure) in the p8riod in which il arises. 1.11 Debtors Trade and other deblors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued al the amounl prepaid nel of any trade discounts due. 1.12 Pension The charity operates 2 defined contribution pension scheme. The assets of the scheme are held separately from Ihose of Ihe company in an independenlty administered fund. The pension cost charge represents contributions payable by the Gharily lo the fund. The charity has no liability under the scheme olh8f than for the payment of those contributions. 1.13 Volunteers and donated services and facilities Donated professional sel¢eS and donated facililies are recognised a5 income when the charity has conlrol over the item, any conditions associated with the donated ilem have been met, the receipt of economic benefit from the use by Ihe charily of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), Ihe general volunleer lime is nol recognised and refers to the trustees, annual reporl (or more informalion about their Contribution. On reipt, donated professional services and donaled facilities are recognised on Ihe basis of Ihe value of the gift lo Ihe cliarity which is the amount the chanly would have been willing lo pay to obtain Sel¢eS or facilities of equivalent economic benefit on the open market: a corresponding amounl is then recognised in expenditure in the per50d of receipt. Critical accounting estimates and judgements In the application of the charitable company's accounting policies. the Tnjstees are required lo make judgements. eslimates and assumptions about the carying amount of assets and liabililies that are not readily apparent from other sources. The estimates and associaled assumplions are based on historical experience and other factors Ihat are Considered to be relevant. Actual results may differ from Ihese eslimales. The eslimales and undertying assumplions are reviewed on an ongoing basis. Revisions to accounling eslimales are recognised in the period in which the estimale is revised where the revision affects only that period, or in the period of Ihe revision and future periods where ihe rewsion affecls both current and future periods. 12-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacies Unrestricted funds Total 2025 Total 2024 Other donations Corporate partnerships 1,270 160 1,270 160 2,021 1.430 1.430 2,021 For the year ended 31 March 2024 2.021 2,021 Charltsble activities Actlvltles for p&oplè Total 2025 Total 2024 City Bridge TNst Enlerprise Development Programme Gol London Fund London Borough ol Hackney London Cycling Port of London Aulhorily Community, Membersliip & Sessional Income Jack Pelchey Foundation Producl sale 86,941 86,941 59,661 26,300 17,313 65,000 5.148 68,761 2.500 5.000 89,735 1.800 500 5.148 68,761 2,500 5,000 89,735 1,800 500 4,860 106,369 260,385 260,385 282,503 Analysis by fund Unreslricled funds Restricled funds 158,996 101,389 158,996 101.389 174,369 108.134 260,385 260,385 282.503 For the year ended 31 March 2024 Unrestricted funds Reslricled funds 174.369 108,134 174,369 108,134 282,503 282,503 13-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Other trading activities Unrestricted funds Total 2025 Total 2024 B021 Hire Premises hire 1,895 24,421 1,895 24,421 12,567 26,316 26.316 12,567 For the year ended 31 March 2024 12.567 12,567 Other income Unrestricted funds Total 2025 Total 2024 Inveslmenl income 774 774 876 774 774 876 For the yearended 31 March 2024 876 876 Ralslng funds Unrestricted funds Total 2025 Total 2024 Staff cosls Othei fundraising costs Share of support costs (see note 9) Share of governance cosls (see note 9) 9.193 735 6.419 648 9,193 735 6,419 648 5,417 1,146 3,399 355 Fundraising and publicity 16.995 16,995 10,317 16.995 16.995 10,317 For the year ended 31 March 2024 Fundraising and publicily 10,317 10,317 10,317 10.317 14-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2025 Charitable activities Activities for people Total 202S Total 2024 Staff costs Direci project costs MoloT and Iravel expenses Premises costs Depreciation and impairment 70.301 33.942 7,546 55,481 65,257 70,301 33.942 7,546 55,481 65.257 60,746 60,389 2.833 67,660 57,441 232,527 232,527 249,069 Share of suppori costs (see nole 9) Share of governance costs (see nole 9) 81.833 8.268 81,833 8,268 61,086 6,373 322,628 322.628 316,528 Analysis by fund Unreslricted funds Reslricled funds 189,285 133,343 189.285 133,343 192.851 123,677 322,628 322,628 316,528 For the year ended 31 March 2024 Unrestricted funds Restricted funds 192,851 123,677 192,851 123,677 316,528 316,528 15-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support costs Support Governance costs costs Total 2025 Total 2024 Staff costs Managemenl staff costs Staff welfare, Iravel and training cosls Insuran Communications and IT Costs Legal and professional costs Bank interest Misce112neous expen%es Advertising and publicity cosls Independent examinerfs fees 34,790 19,057 695 7,366 8,524 3,474 216 1,092 13,038 34,790 23,653 695 7,366 8.524 3.474 216 1.092 13,038 4.320 34,121 14,014 740 6,033 5,515 5,100 315 1,355 4,596 4.320 4,020 88.252 8,916 97.168 71,213 Analys8d beeen Fundraising Charitable activities 6.419 81,833 648 8,268 7,067 90,101 3,754 67,459 88,252 8,916 97,168 71.213 10 Net movement In funds 2025 2024 Net movement in funds is stated after chargingl(¢rediling) Inde endent examiner's fees Independent Examination Other services 2,760 1,560 2,640 1,380 4,320 4,020 Depreciation of owned tangible fixed assets 65,257 57,441 11 Trustees None of the Trustees or any persons connected with them) received any remuneralion or benefits from Ihe charitable company during Ihe year. The key managemenl personnel of the charily are li51ed on the legal and adminislralive page. The lotal employee benefits of the key management personnel of the charity were £47,642 (2024 - £23,254). 16-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 12 Employees The average monthly number of efflployees during the year was: 2025 Number 2024 Number Raising funds Direct charitable work Administration and support 0.16 2.04 1.43 0.11 2.04 1.42 Total 3.63 3.57 Employment costs 2025 2024 Salaiies Nalional Insurance Pension cosls 126,376 7.131 4.430 104,646 4,635 5,017 137,937 114,298 There were no amployees whose annual remuneralion was more than £60,000. 13 Tangible fixed assets Leasehold Boat stor•ge FurnSturn and land and equlprnent buildlngs Computer equipmgllt Total Cost At 1 April 2024 Additions Disposals 1.085.565 77,057 215.273 53,358 {4,560} 1.723 1,379,618 53.358 (4.560) At 31 March 2025 1.085,565 77.057 264,071 1,723 1,428.416 Depreciation and impaimient Al 1 April 2024 Depreciation charged in the year Eliminated in respect of disp05a15 601.130 34,769 18,194 4.281 173,997 26,207 (4.560) 1,723 795,044 65,257 <4,560) Al 31 March 2025 635,899 22.475 195,644 1,723 855,741 Carrying amount Al 31 March 2025 449,666 54,582 68.427 572,675 At 31 March 2024 484.435 58.863 41,276 584,574 17-
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Debtors 2025 2024 Amounts falling due within one year: Trade debtors Other debtors Prepayments 620 2.526 3,148 6,830 40,448 3,078 6,294 50,356 15 Credltors: amounts falling due within one year 2025 2024 Notes Governmenl loan Trade creditors Taxation and social security Olher creditors Accruals 17 4.180 12,330 1,738 2,665 4,320 4,180 16,263 1,640 1,513 4,020 25,233 27,616 16 Credltors: amounts falling due after more than one year 2025 2024 Government Loan > 1 year 17 2,303 6,267 2,303 6,267 17 Government loan 2025 2024 Bank loans 6,483 10,447 Payable within one year Payable after one year 4,180 2,303 4,180 6,267 18 Share capital The company 15 limited by guarantee and does not have a share capilal divided by shares. 18-
(Noooo o (N a) OLDOO 0*00 rOts)OI¢D
THE LEASIDE TRUST NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 20 Analysis of net assets between funds Unrestricted Restricted funds funds Total Unrestricted Restricted 2025 funds funds Totsl 2024 Fund balances at 31 March 2025 are represenled by: Tangible assets Current asselsl(liabililies) Long lemi liabilities 217,061 46.827 (2.303) 355,614 1,261 572,675 48,088 {2,303) 201.058 85,558 (6.267) 383,516 5,313 584,574 90,871 (6,267> 261,585 356,875 618.460 280,349 388,829 669,178 21 Pension The pension cosl charge represenls conlribulions payable by Ihe charity to the fund and amounted to £4,430 (2024 ~ £5,017). Contributions lolalling £452 (2024 - £1,038) were payable to Ihe fund al the year end. 22 Related party transactlons There were no disclosable related party transactions during the year (2024 - none>, -20-