COMPANY REGISTRATION NUMBER: 03270681 CHARrrY REGISTRATION NUMBER: 1060395 SSBA Community Trust Company Limited by Guarantee Financial Statements 31 March 2025 SSBA Community Trust Company Limited by Guarantse Financial Statements Year ended 31 March 2025 Page Trustees, annual report (incorporating the directovs report) Independent auditovs report to the members Statement of financial activities (including income and expenditure account) Statement of financial position 10 Notes to the financial statements 11 Tha following pages do not form part of the financlal statamonts Detailed statement of financial activities 16 Notes to the detailed statement of financial activities 17 SSBA Community Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) Year ended 31 March 2025 The trustees. who are also the director5 for the purposes of company law. present their report and the financial ststements of the charty for the year ended 31 March 2025. Reference and admlnlstTatlv• detalls Reglstered charity name SSBA Communty Trust Charlty reglstratlon number 1060395 Company reglstratlon number 03270681 Prlnclpal office and reglstered 7-15 Greatorex Street office London E15NF The trustees Mr. P Qureshi Mr. A ch￿￿hury Audftor DungaThvalla & Co. Chartered Certified Accountants & statut¢)ry auditor 7-15 Greatorex street London E15NF Structure, governanc• and managament The charity is managed by elected Irustees. The trustees also act under cofflpany law as directors of the company. The charity is the accouniable body for any of its projects. Currently the trust runs Heba project. The Trustees take overall role of employer and performance monitor. The trustees delegate the day to day running of the organisation and the achievement of its strategic objectives to the Director of of the SSBA Ltd who provides the project managers with financial, management and development support. Risk Management A key element in the management of financial risk is the setting of a reserve policy and Its regular review by trustees. The main risk to the charity V￿uld be failure to ralse sufficient grants to support its work. Over the last couple of years, sufficient funding for the trusvs projects and activities have continuousty dlminished with limited scope or guarantees for future funding. Thls has affected the trust a great deal Ihereby shrinking significandy. As funding consttraints continue, the trust is considering its options and activities for the future. SSBA Community Trust Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (contlnuedj Year ended 31 March 2025 Objectlves and actlvities The general object of the charity is the provision of educational and training opportunities for disadvantaged persons living Of working in East LorKlon, particulady the Spitalfields area including those who have learning impairment and those who through social or economic circumstances are in need and find difficulty in obtaining employment It aims to promote independence and empowerment through training and employment and help people to contribute to and participate in the wider community. At the moment the charitys project is Heba a women's based project offering incubator and stsrt up unlts for women start-up businesses. Strateglc report The followlng sections for achievements and performance and financial review form the strategic report of the charity. Achlevements and performan¢• HOW OURWORK DELIVERS PUBLIC BENEFIT Our maln activities and who we try to help are described below. All our charitable activities focus on enabling marginalised people to integrate into mainstream society and creating opportunlties for self- development and achievement for those in need. Who used and benefltted from our servlces Over the last couple of years, suffKient funding for the trusfs projects and activities have continuously dlmlnished with limited scope or gurantees for future funding. The trust however continues to provide buslness support through Heba progect by offering affordable incubator units for women enterprises and start-up businesses thereby promoting business development and employment creation, The trust continues to monitor the situation and identify a￿aS of need in the community and seek future fundlng to meet some of those needs. It will be consldering its options for the future In view of this. Flnanclal revlew The past year has been challenging to Ihe Trust particularfy with dwindlin9 funding avenues. Funding from both private and public bodies have continued to decline. Similarly . the high inflation and hikes in energy costs as well as the cost of living crisis has significantty impacted the activities of the Trust. Despite the Ghallenges, the Trust continues to run Heba Women's project functions through ihe provision of affordable spaces for women enterprises at 1641166 Brick Lane. SSBA Community Trust Company Limited by Guarantse Trustees. Annual Report {Incorporating the Director's Report) (contlnuedj Year ended 31 March 2025 Trustees, rosponsibllities statsment The trustees, who are also directors for the purposes of company law. are responsible for preparing the trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial ststements for each year which give true and fair view of the state of affairs of the charitable company and the incoming resources and application of resources, including the income and expenditure. for that period. In preparing these financial staternents, the trustees are required to: select suitsble accounts'ng policies and then apply them consistently., obserwe the methods and principles In the applicable Charitles SORP; make judgments and accounting estimates that are reasonable and prudent; stste whether applicable UK Accounting Standards have been followed, subject to any materlal departures disclosed and explained in the financial statements. prepare the financial statements on ihe going concem basis unless it Is inappropriate to presume that the charity will ¢ontlnue in business. The trustees are responsible for keeping adequate accounting records that are Suff￿lent to show and explain the charity's transactsons and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularitles. Audltor Each of the persons who Is a trustee at the date of approval of this report confirms that: so far as they are aware, there is no relevant audit information of which the charity's auditor is unaware,. and they have taken all steps that they ought to have taken as a trustee to make themselves aware of any relevant audit infomiation and to establish that the charity's auditor is aware of that informats'on. The auditor Is deemed lo have been re-appointed in accordance with sects'on 487 of the Companies Act 2006. SSBA Community Trust Company Limited by Guarantee Trustees. Annual Report (Incorporating th8 Director's Report) (condnueéj Year ended 31 March 2025 The trustees, annual report and the strategic report y￿re approved on 20 November 2025 and signed on behalf of the board of trustees by: Mr. P Qureshi Trustee Mr. A Choudhury Trustee SSBA Community Trust Company Limited by Guarantee Independent Auditor's Report to the Members of SSBA Community Trust Year ended 31 March 2025 Oplnlon We have audited the financial statements of SSBA Community Trust (the 'chartty) for the year ended 31 March 2025 which comprise the statement of financial activities (including income and expenditure account), statement of financial position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in Iheir preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 The Financial Reporting standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted AccoLAnting Practice). In our opinion the financial statements: give a true and fair view of the state of the charitys affairs as at 31 March 2025 and of its incorning resources and application of resources, induding its income.and expenditure, for the year then ended; have been properly prepared in accordance with United Kingdorn Generally Accepted Accounting Prxtice. have been prepared in accordance with the requirements of the Companies Act 2006. Basls for oplnlon We conducted our audit in accordance with Intemational Standards on Auditlng (UK) (ISAS (UK)) and applicable law. Our responsibilities under those standards are further described in the audilorfs responsibilities for the audit of the financial statements seclion of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financlal statement5 In Ihe UK, including the FRC'S Ethical Standard, and we have fulfilled our other ethlcal responsibillties 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. Concluslons relatlng to golng con¢¢m In auditing the financial stalements, we have concluded that the trustees, use of the going Concern basis of accounting in the preparatton of the fIna￿la1 ststements is appropriate. Based on the work we have performed. we have not idents'fied any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Ihe charitys ability to continue as a going concem for a period of at least trNeSve 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. SSBA Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of SSBA Community Trust (¢onthu•dJ Year ended 31 March 2025 other inforniation The other information comprises the information included in the annual report other than the financial statements and our auditof s report thereon. The trustees are responsible for the other Infonnation. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicltty stated in our report, we do not express any fonn of assurance concluslon thereon. In connection with our audit of the financial statements, our responsibility is to read ihe other information and. in doing so, consider whether the other infomiation is materially inconsistent with the financial statements or cur knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material mlsstatements, we are required to determine whether there is a material misstatement in the financial statements or material misstatement of Ihe other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other informab'on, we are required to report that fact. We have nothing to report in this regard. Oplnlons on other mattern pr88¢rlbed by the Companl•s Act 2006 In our oplnion, based on the work undertaken in the course of the audlt. Ihe information glven in the trustees, report for the financlal year for which the financlal statements are prepa￿ is consislent with the financial statements; and the trustees, report has been prepared in accordance with applicable legal requirements. Matters on whlch we are requlr¢d to report by ?xc•ptlon In the light of the knowledge and understsnding of the charlty and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees, report. We have nothing to report in respect of the following matters in relation to which the Companies Act 20C6 requires us to report to you if, in our opinion: adequate accounting records have not been kep( or retums adequate for our audit have not been received from branches not visited by us; or the financial ststements are not in agreement with the accounting records and returns; or certain disclosures of trustees, remuneration specified by law are not made; or VK have not received all the infomiation and explanations we require for our audit, SSBA Community Trust Company Limited by Guarantee Independant Auditor's Report to the Members of SSBA Community Trust (conttnued) Year ended 31 March 2025 Responslbllities of trustees As explained more fully in the trustees, responsibilities ststement, the trustees (who are also the directors 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 ol financial statements ihat are free from material misstatement, whelher due to fraud or error. In preparing the financial statements, the trustees are responsible for assesslng the charity's ability to continue as a going concern, disclosing, as applicab￿. matters related to going COn￿M and using the going concern basis of accounting unless the trustees either intend to liquidate the charty or to cease operations, or have no realistic alternative but to do so. Audltorfs respon81billtles for the audlt of the flnanclal statamants Our objectives are to obtsin reasonable assurance atx)ut whether the financial statemenls as a whole 8re free from material misstatement, whether due to fraud or error. and to issue an auditorfs report 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 alvRys detect a material misstatement when it exists. Misstatements can arise from fraud or error and a￿ considered material if, indlvidually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial staternent5. Irregularities, including fraud, are instances of non-compliance with laws and regulations. We deslgn procedures In Ilne with our responsibilitses, outlined above, to detect material misstatements in respect of irregularlties, including traud, The extent to which our procedures are capable of delecting irregularities, including fraud bs detaited below.. We have designed pro￿l￿re$ In line with our responsibilities to detect material misstatements in respect of irregularities , including fraud. As part of an audit in accordance with ISAS (UK), we exercise professional judgment and maintain professional scepticism throughout the audit. We also: Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting fmm error, as fraud may involve collusion, forgery. intentional omissions. misrepresentstions, or the override of Internal control. Obtain an understsnding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the intemal control. Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the trustees. SSBA Community Trust Company Limited by Guarantee Independent Auditorfs Report to the Members of SSBA Community Trust (conOmi•dJ Year ended 31 March 2025 Conclude on the appropriateness of the trustses, use of the going concern basis of accounting and, based on the audit evidence obtained. whether a material uncertainty exists related to events or conditions that may cast signifKant doubt on the charitys ability to continue as a going concern. If we conclude ihat a material uncertainty exists, we are required to draw attention in our auditols report to the related disclosures in the financial statements or. if such disclosures are inadequale, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditorfs report. However, future events or conditlons may cause the charity to cease to continue as a going concem. Evaluate the overall presentation. structure and content of the financial statements, including the dlsclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation. We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any signlficant deT￿lencIeS in internal control that we identify during our audit U80 of our report Thls report is made solely to the charitys members, as a body, in accordance with Chapter 3 of Part 16 ol the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitys members those rnatters we are required to 8tate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responslbility to anyone other than the charity and the charity's members as a b(>Jy, for our audit work, for this report, or for the opinions we have formed. R.F Dungarwalla (Senior Statutory Audltor) For and on behalf of Dungarwalla & Co. Chartered Certified Accountants & statutory auditor 7-15 Greatorex street London E15NF 20 November 2025 SSBA Community Trust Cornpany Limitsd by Guarantee Statement of Financial Activities (including income and expenditure account) Year ended 31 March 2025 2025 Restricted funds Total funds Total funds 2024 Unrestricted funds Noto Income and endowments Donations and legacies Investment income 70,985 83,195 154,180 70,985 83,195 154,180 70,986 148.884 Total Income 219,870 Expendlture Expenditu￿ on raislng funds: Costs of other trading activities Total expendlture 105.201 105,201 105,201 IOS,201 107,585 107,585 Net Income and net movement In funds 48,979 48,979 112,285 Reconclllatlon of funds Total funds brought fO￿ard Total funds carrfed forward 1,272,641 1,321,620 <978,349) (978,349) 294,292 343,271 182,0( 294,291 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notes on pages 11 to 14 form part of these flnanclal ststoments. SSBA Community Trust Company Llmited by Guarantee ststement of Financlal Position 31 March 2025 2025 2024 Note Current assets Debtors Cash at bank and in hand 10 67,167 283,304 350,471 75,671 232,236 307,907 Credltors: amounts falllng due wlthln one year Net current assets 11 7,200 13,616 294,291 294,291 294,291 343,271 343,271 343,271 Total assats less Current Ilabllltles Net assets Funds ol the charlty Restricted funds Unfestricted funds (978,349) (978,349) 1,324,620 1,272,640 343,271 294,291 Total charlty funds 12 These financlal statements were approved by the board of trustees and authorised ft)r issue on 20 November 2025, and are signed on behalf of the board by: Mr. P Qureshi Trustee Mr. A Choudhury Trustee The notes on pages 11 to 14 form part of these financial statements. 10- SSBA Community Trust Company Limited by Guarantse Notes to the Financial Stateménts Year ended 31 March 2025 General Information The charity is a public benefit entity and a prNate company limited by guarantee, registered In England and Wales and a registered charity in England and Wales. The address of the registered office is 7-15 Greatorex Street, London, E15NF. Statement of compllance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Siandard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities prepanng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 201A. Accountlng pollcles Basis of preparatlon The financial statements have been prepared on the hlstorical C