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2025-09-30-accounts

Registered number: 03441632 Charity number: 1073086

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

UNAUDITED

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

CONTENTS

Page
Reference and Administrative Details of the Company, its Trustees and Advisers 1
Trustees' Report 2 - 6
Independent Examiner's Report 7 - 8
Statement of Financial Activities 9
Statement of Financial Position 10
Notes to the Financial Statements 11 - 22

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 30 SEPTEMBER 2025

Trustees

K King R A Crowther J Can, Chair

M Palmer (resigned 27 August 2025) D Mendez (resigned 27 August 2025)

Company registered number

03441632

Charity registered number

1073086

Registered office

Soanes Centre, Tower Hamlets Cemetery Park, Southern Grove London E3 4PX

Accountants

Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS

Page 1

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their annual report together with the financial statements of Setpoint London East Limited (the charity) for the year ended 30 September 2025. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice (SORP), applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019).

This is a directors' report required by s417 of the Companies Act 2006 and all trustees are directors. The trustees' report should be read in conjunction with the Annual Report.

Structure, governance and management

During the year the constitution of the company remained unchanged and it continued to operate as a charitable company limited by guarantee without share capital. At 30 September 2025 there were five members.

The Trustees, who are also directors for the purpose of company law, and who served during the year were:

K King R A Crowther J Can (Chair of Trustees) M Palmer - resigned 27 August 2025 D Mendez - resigned 27 August 2025

None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

The Trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to major risks.

Objectives and Activities

The charity’s objectives are, “To advance public education within science, technology and the environment for young people of statutory school age in the East London Boroughs and surrounding areas”.

In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.

Activities, achievements and performance

Setpoint London East is a charitable organisation working with schools to promote interest and experiential learning in science and nature topics. Its main activities are aimed at primary school-aged children, providing science workshops onsite at the Soanes Centre and in the surrounding Tower Hamlets Cemetery Park and exploiting the woodland Cemetery Park as a base for Forest School sessions.

Its adjacent activities are to provide the enabling infrastructure to support the core outputs.

Page 2

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Science and nature workshops:

The Park offers a wealth of natural resources that help bring science to life for groups of children from local schools. There are two ponds for pond dipping next to our building, and various sites within the Park which suit different workshop topics. Since being de-consecrated in 1996, the site has returned to nature, offering a hugely bio-diverse space and designated a Local Nature Reserve and a Site of Metropolitan Importance for Nature Conservation.

There are more than 60 primary schools in the Borough, many of which do not have green outdoor space, and our workshops are a valued addition to their teaching resources. Schools are charged a fee for each workshop equating to around 40% of the cost of delivery – the shortfall being covered by grant income, donations and occasional hiring of space within the Soanes Centre.

Tower Hamlets schools are charged a reduced rate for workshops in return for ‘in kind’ support from Tower Hamlets Council through our rent free use of the Soanes Centre. The popularity of our workshops – reportedly the only out-of-classroom experience that many local schools can afford. A total of over 200 workshops were taught during the period with workshops now in demand outside of school day, including during the holidays and weekend.

Forest School:

With support from the Portal Trust and local volunteers, we have continued to run 105 Forest School sessions throughout the school year for two groups of children – a senior school group, who come for a full day session once a week, and a smaller primary school group, who attend for a half day every week.

We have found Forest School sessions to be particularly valuable to children in Alternative Provision. The activities, setting and pace of Forest School helps to develop listening skills, risk-taking and exploration and builds self-confidence.

Community Partnership:

The Soanes Centre is a valuable community asset. Having taken time to upgrade and improve the use of spaces in order to develop and deliver education activities with grass roots groups and engage with local partners.

We have continued to develop partnerships with local universities, cultural institutions and residents. This has included their support in developing ideas for more inclusive and accessible education practices, supporting popup events that deliver education outcomes e.g. Book swap afternoons, land and social justice workshops as well as strategic support for the organisation to plan long term and diversify its income.

Strategic Activities:

Setpoint London and East and the Soanes Centre continues to be a vital infrastructure for the community. It’s 30 year history of service means we are engaged in many research initiatives ranging from architectural interest due to the design of the purpose built education building, climate justice, youth education, community wealth building and environmental justice.

Page 3

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Financial Review

Financial outlook

Setpoint London East has continued to receive consistent income from our partner schools over the last period. We hope to see an increase in income as schools choose to access more workshops during the school holidays.

Grant income totalling £7,850 was received in this period. The grant was awarded from the Portal Trust in July 2025 (£7,850) to support the running of the Forest School.

The year to 30 September 2025 ended with a deficit of £1,958 (2024: deficit of £24,701). Funds were carried forward in surplus of £2,051 (of which unrestricted funds showed a deficit of £12,796) which was below the charities target for the year. We will continue to seek support from grants to provide comfort that we have sufficient funds in line with our reserves policy. We have created a new funding strategy which will support with increasing donations.

Strategic Review

Setpoint London East in collaboration with other organisations across London has campaigned to have leases renewed, this has finally led to positive and ongoing conversations with the council.

We have also delivered community engagement activities with the community, schools and other organisations to understand how they would like to utilise the building. This has fed into a wider 30 year vision document for Setpoint London East. This document details how we plan to expand our activities as an education charity, bring in long term grant funding and create a diverse revenue model through partnerships with organisations like UCL, architecture labs, Kin Structures and other creative organisations.

We have also started a grant fundraising drive which has led to progressing strategic partnerships with two funders.

The funding landscape remains highly competitive, and Trustees are keen to reduce the charity’s dependence on grants by increasing the range of income generating activities over the coming years. This includes:

Reserves Policy

As we continue to review our revenue model, we will look to revise our reserves policy as our income diversification takes effect. This work is ongoing and will be reviewed again during the coming year.

Page 4

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

At the end of this financial year Setpoint holds no reserves, however we have made efforts to reduce our deficit and work towards our reserves targets. Our plans and activities to help raise funds for this pot continues. This involves:

We hope to move towards 6 months of reserves within the next 12-24 months.

Unrestricted funds are in deficit primarily through the reduction in income from room bookings and paid for workshops we usually deliver. This has been due to the local council not having capacity to review, progress or finalise our lease for the Soanes Centre during the financial year. This would give us the opportunity to book activities ahead across the year.

Going Concern

Although the past few years have been challenging for Setpoint London East, the organisation is steadily improving its financial sustainability. Discussions with potential funders in recent months have been positive, and the charity has secured two core funding grants over a two-year period. This will enable an increase in internal capacity and service delivery.

Ongoing discussions with the Council and the Trustees have also been constructive, with a commitment from the Council to work with Setpoint towards securing the charity's use of the Soanes Centre building. The Trustees are optimistic that these discussions will conclude positively, enabling the charity to secure the longer-term strategic funding required to meet its core costs and deliver its activities.

A business plan and strategic framework are being developed on this basis. Accordingly, having considered the financial outlook and made appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore consider it appropriate to prepare the financial statements on a going concern basis.

However, there remain plausible scenarios in which sufficient future funding may not be secured. These circumstances may represent a material uncertainty that may cast significant doubt on the charity's ability to continue as a going concern. The financial statements do not include any adjustments that would be required if the charity were unable to continue operating on this basis.

Principal Risks & Uncertainties

For the charity to continue operation and meet its objectives it will be essential to secure additional grant funding and additional sources of income. Like many organisations in the borough there are delays and uncertainty about future leases of council owned buildings. We are working as a coalition of organisations to address these risks and liaise with the council to demonstrate the immense social impact and public benefit these assets contribute to neighbourhoods.

The trustees have also drawn up plans which include new grant applications and other revenue earning activities such as Forest Schools and learning for early years children. Opportunities for collaboration with partners including other educational institutions are in the pipeline.

Page 5

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Trustees' responsibilities statement

The Trustees (who are also directors of Setpoint London East 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 Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the Trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP;

• make judgments and accounting estimates that are reasonable and prudent;

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

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.

This report, incorporating the strategic report, was approved by the Trustees on 24 June 2026 and signed on their behalf by:

J Can

Chair (on behalf of the Board of Trustees)

Page 6

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2025

Independent Examiner's Report to the Trustees of Setpoint London East ('the company')

I report to the charity Trustees on my examination of the accounts of the Company for the year ended 30 September 2025.

This report is made solely to the Company's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Company's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Company and the Company's Trustees as a body, for my work or for this report.

Responsibilities and Basis of Report

As the Trustees of the company (and its directors for the purposes of company law) you are responsible for the preparation of the accounts 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 company's accounts 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.

Independent Examiner's Statement

I have completed my examination. I have identified a matter of concern in my report because I have concerns regarding the charity's ability to continue as a going concern. This has been disclosed in the charity's notes to the financial statements.

I draw attention to Note 2.2 in the financial statements, which highlights that the charity incurred a net loss of £1,958 during the year ended 30 September 2025 and, as of that date, the charity has net liabilities of £2,051, which includes a net deficit in restricted funds of £12,796. As stated in Note 2.2, these events or conditions, along with other matters as set forth in Note 2.2, indicate that a material uncertainty exists that may cast significant doubt on the charity's ability to continue as a going concern. My opinion is not modified in respect of this matter.

I confirm that no other matters have come to my attention in connection with the examination giving me cause to believe:

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

  2. the accounts do not accord with those records; or

  3. the accounts 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 accounts 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)].

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.

Page 7

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Signed: Andrew Thomas ACA

Dated: 24 June 2026

Nyman Libson Paul LLP Chartered Accountants 124 Finchley Road London NW3 5JS

Page 8

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 30 SEPTEMBER 2025

Note
Income from:
Donations and legacies
4
Charitable activities
5
Investments
6
Total income
Expenditure on:
Charitable activities
7
Total expenditure
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Net movement in funds
Total funds carried forward		 Restricted
funds
2025
£
7,850
-
-
7,850
8,315
8,315
(465)
11,210
(465)
10,745		 Unrestricted
funds
2025
£
7,030
40,288
9
47,327
48,820
48,820
(1,493)
(11,303)
(1,493)
(12,796)		 Total
funds
2025
£
14,880
40,288
9
55,177
57,135
57,135
(1,958)
(93)
(1,958)
(2,051)		 Total
funds
2024
£
8,897
28,862
372
38,131
62,832
62,832
(24,701)
24,608
(24,701)
(93)

Page 9

SETPOINT LONDON EAST (A Company Limited by Guarantee) REGISTERED NUMBER: 03441632

BALANCE SHEET AS AT 30 SEPTEMBER 2025

Note
Fixed assets
Tangible assets
11
Current assets
Debtors
12
Cash at bank and in hand
Current liabilities
Creditors: amounts falling due within one
year
13
Net current liabilities
Total net assets
Charity funds
Restricted funds
14
Unrestricted funds
14
Total funds		 4,340
6,405
10,745
(13,258)		 2025
£
462
462
(2,513)
(2,051)
10,745
(12,796)
(2,051)		 829
8,078
8,907
(9,616)		 2024
£
616
616
(709)
(93)
11,210
(11,303)
(93)

The company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006.

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

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

The financial statements were approved and authorised for issue by the Trustees on 24 June 2026 and signed on their behalf by:

J Can

Chair (on behalf of the Board of Trustees)

The notes on pages 11 to 22 form part of these financial statements.

Page 10

SETPOINT LONDON EAST (A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

1. General information

Setpoint London East is a company limited by guarantee is registered in England & Wales. Its registered office address is Soanes Centre, Tower Hamlets, Cemetery Park, Southern Grove, London, E3 4PX.

The members of the company are the trustees listed on page 1. In the event of the company being wound up, the liability in respect of the guarantee is limited to £1 per member.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (second edition effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Setpoint London East meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Going concern

As at the reporting the date the Charity had incurred a deficit for the year of £1,958 and had a net liabilities of £2,051 including a deficit in unrestricted funds of £12,796.

Although the past few years have been challenging for Setpoint London East, the organisation is steadily improving its financial sustainability. Discussions with potential funders in recent months have been positive, and the charity has secured two core funding grants over a two-year period. This will enable an increase in internal capacity and service delivery.

Ongoing discussions with the Council and the Trustees have also been constructive, with a commitment from the Council to work with Setpoint towards securing the charity's use of the Soanes Centre building. The Trustees are optimistic that these discussions will conclude positively, enabling the charity to secure the longer-term strategic funding required to meet its core costs and deliver its activities.

A business plan and strategic framework are being developed on this basis. Accordingly, having considered the financial outlook and made appropriate enquiries, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. The Trustees therefore consider it appropriate to prepare the financial statements on a going concern basis.

However, there remain plausible scenarios in which sufficient future funding may not be secured. These circumstances may represent a material uncertainty that may cast significant doubt on the charity's ability to continue as a going concern. The financial statements do not include any adjustments that would be required if the charity were unable to continue operating on this basis.

Page 11

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.3 Income

All income is recognised once the charity has entitlement to the funds, any performance conditions have been met, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants, donations and other income are credited to the profit and loss account for the accounting period to which they relate or in which the donor intends them to be utilised. Income received in advance of the accounting period to which it relates is carried forward as a creditor of the company until it is due to be credited to the profit and loss.

2.4 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.

Fundraising costs are those incurred in seeking voluntary contributions and do not include the cost of disseminating information in support of the charitable activities.

Charitable activities and governance costs are costs incurred on the charity's educational operations, including support costs and costs relating to the governance of the charity apportioned to charitable activities.

2.5 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

2.6 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost, net of depreciation and any provision for impairment.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery - 25%
Office equipment - 25%
Computer equipment - 25%

Page 12

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

2. Accounting policies (continued)

2.7 Debtors

Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

2.8 Cash at bank and in hand

Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.9 Liabilities and provisions

Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.10 Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

2.11 Pensions

The company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

2.12 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

Investment income, gains and losses are allocated to the appropriate fund.

Page 13

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

3. Critical accounting estimates and areas of judgment

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Critical accounting estimates and assumptions:

There are no critical accounting estimates and assumptions affecting the charity.

4. Income from donations and legacies

Donations
Grants
Donations
Grants		 Restricted
funds
2025
£
-
7,850
7,850
Restricted
funds
2024
£
-
7,850
7,850		 Unrestricted
funds
2025
£
7,030
-
7,030
Unrestricted
funds
2024
£
1,047
-
1,047		 Total
funds
2025
£
7,030
7,850
14,880
Total
funds
2024
£
1,047
7,850
8,897

5. Income from charitable activities

External workshops
Internal workshops
Other (classroom hire, cost reimbursements)
Total 2025		 Unrestricted
funds
2025
£
158
40,070
60
40,288		 Total
funds
2025
£
158
40,070
60
40,288

Page 14

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

5. Income from charitable activities (continued)

Internal Workshops
Other (classroom hire, cost reimbursements)
Total 2024		 Unrestricted
funds
2024
£
28,495
367
28,862		 Total
funds
2024
£
28,495
367
28,862

6. Investment income

Investment income
Investment income		 Unrestricted
funds
2025
£
9
Unrestricted
funds
2024
£
372		 Total
funds
2025
£
9
Total
funds
2024
£
372

Page 15

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

7. Analysis of expenditure on charitable activities

Summary by fund type

Charitable activity expenses
Charitable activity expenses		 Restricted
funds
2025
£
8,315
Restricted
funds
2024
£
6,890		 Unrestricted
funds
2025
£
48,820
Unrestricted
funds
2024
£
55,942		 Total
2025
£
57,135
Total
2024
£
62,832

8. Analysis of expenditure by activities

Charitable activity expenses
Charitable activity expenses		 Direct costs
2025
£
57,135
Direct costs
2024
£
62,832		 Total
funds
2025
£
57,135
Total
funds
2024
£
62,832

Page 16

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

8. Analysis of expenditure by activities (continued)

Analysis of direct costs

Staff costs
Events costs
Fees, materials and consumables
Centre management
Repairs and maintenance
Accountancy fees
Light, heat and power
Printing, postage and stationery
Telephone
Insurance
Advertising
Travel and subsistence
Bad debts
Bank charges
Sundry expenses
Depreciation
9.
Independent examiner's remuneration
Fees payable to the company's independent examiner for the independent
examination of the company's annual accounts		 Total
funds
2025
£
32,460
200
4,914
-
4,504
10,613
1,345
416
455
1,485
-
-
-
60
529
154
57,135
2025
£
2,000		 Total
funds
2024
£
34,420
-
12,290
1,275
4,343
4,104
3,526
72
72
1,359
131
2
330
539
163
206
62,832
2024
£
1,925

Page 17

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

10. Staff costs

Wages and salaries
Social security costs
Contribution to defined contribution pension schemes		 2025
£
26,619
5,020
821
32,460		 2024
£
26,304
7,295
821
34,420

The average number of persons employed by the company during the year was as follows:

2025 2024
No. No.
1 1

No employee received remuneration amounting to more than £60,000 in either year.

Key management compensation

The trustees are considered to be the key management personnel of the charity.

During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).

During the year ended 30 September 2025, no Trustee expenses have been incurred (2024 - £NIL).

Page 18

SETPOINT LONDON EAST

(A Company Limited by Guarantee)

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

11. Tangible fixed assets

Cost or valuation
At 1 October 2024
At 30 September 2025
Depreciation
At 1 October 2024
Charge for the year
At 30 September 2025
Net book value
At 30 September 2025
At 30 September 2024
12.
Debtors
Trade debtors
Prepayments and accrued income
13.
Creditors: Amounts falling due within one
Other creditors
Accruals		 Plant and
machinery
£
9,921
9,921
9,919
1
9,920
1
2
year		 Office
equipment
£
7,545
7,545
7,431
28
7,459
86
114		 Computer
equipment
£
26,428
26,428
25,928
125
26,053
375
500
2025
£
4,340
-
4,340
2025
£
7,292
5,966
13,258		 Total
£
43,894
43,894
43,278
154
43,432
462
616
2024
£
800
29
829
2024
£
2,151
7,465
9,616

Page 19

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

14. Statement of funds

Statement of funds - current year

Unrestricted funds
General Funds - all funds
Restricted funds
Forest school fund
Total of funds		 Balance at 1
October
2024
£
(11,303)
11,210
(93)		 Income
£
47,327
7,850
55,177		 Expenditure
£
(48,820)
(8,315)
(57,135)		 Balance at
30
September
2025
£
(12,796)
10,745
(2,051)

The forest school restricted fund was set up to account for grants and donations received specific to funding the ongoing activities and costs associated with the forest school workshops.

Statement of funds - prior year

Unrestricted funds
General Funds - all funds
Restricted funds
Forest school fund
Total of funds		 Balance at
1 October
2023
£
14,358
10,250
24,608		 Income
£
30,281
7,850
38,131		 Expenditure
£
(55,942)
(6,890)
(62,832)		 Balance at
30
September
2024
£
(11,303)
11,210
(93)

Page 20

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

15. Summary of funds

Summary of funds - current year

General funds
Restricted funds
Summary of funds - prior year
General funds
Restricted funds		 Balance at 1
October
2024
£
(11,303)
11,210
(93)
Balance at
1 October
2023
£
14,358
10,250
24,608		 Income
£
47,327
7,850
55,177
Income
£
30,281
7,850
38,131		 Expenditure
£
(48,820)
(8,315)
(57,135)
Expenditure
£
(55,942)
(6,890)
(62,832)		 Balance at
30
September
2025
£
(12,796)
10,745
(2,051)
Balance at
30
September
2024
£
(11,303)
11,210
(93)

16. Analysis of net assets between funds

Analysis of net assets between funds - current year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2025
£
-
10,745
-
10,745		 Unrestricted
funds
2025
£
462
-
(13,258)
(12,796)		 Total
funds
2025
£
462
10,745
(13,258)
(2,051)

Page 21

(A Company Limited by Guarantee)

SETPOINT LONDON EAST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

16. Analysis of net assets between funds (continued)

Analysis of net assets between funds - prior year

Tangible fixed assets
Current assets
Creditors due within one year
Total		 Restricted
funds
2024
£
-
11,210
-
11,210		 Unrestricted
funds
2024
£
616
(2,303)
(9,616)
(11,303)		 Total
funds
2024
£
616
8,907
(9,616)
(93)

17. Pension commitments

During the year, the charity had expenditure of £821 (2024: £821) for pension commitments. The charity owed £Nil (2024: £Nil) at the balance sheet date.

Page 22