REGISTERED COMPANY NUMBER: 04136981 (England vand Wal¢$) REGISTERED CHARITY NUMBER: 1087259 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMEI¥TS FOR THE YEAR ENDED 31 MARCH 2025 FOR THE AMEE CEIYTRE
THE ATTLEE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 The ttvstees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the fmancial statements of the charity for the year ended 31 March 2025. The trustee5 have adopted the provisions of 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) (effective l January 2019). OBJECTEVES AND ACTIVITIES Charitable Objeetives The Centre's charitable objects. as set out in the Memorandum and Articles of Association, are: to educate yOUT]g people in the development of iheir physical, mental and spiritual capacities so that they may grow to full maturity as individuals and as members of society; to provide or assist in the provision of facilities for Tecreation or other l¢isure-time o¢¢upation in the int¢sts of social welfare. to promote and provide social s¢rvices of a charitable nature for the benefit of the community either generally or in a particular area with the object of improving the conditions of life of the petsons for wllom su¢h services are intended. to promot¢ su¢h other ¢haritsbl¢ purposes whether similar to the foregoing or not as the Trustees may from time to time at their absolute discretion think fit Vision Our vision is of a society where opportunity is open to all. M155ion To enable children and young people to develop their full potential. S¢r4tegic Areas The strategies employed to achieve the charitable objectives are: Opportunlties for all - making use of the Attlee Centre as the hub of our work, developing initiatives and testing ideas that will create opportunities, particularly for the health and wellbeing of young people. Community Improvement - supporting communities in need to a¢¢e$s and take up the opportunities to improve the quality of community life and that of their young people. Knowledge applle&tion - developing and sharing our knowledge through our projects, testing and piloling ideas within and external to the Centre. Publlc benefit The Trustees have considered their duty as outlined to Section 17 of the Charities Act 201 I to have due regard to the Charity Commission's general guidance on public benefit. The purpose of the charity is enshrined in its objecls and aims as outlined below. The Trustees ensure that this puryM)se is carried out for the public benefjt by delivering a range of services. Page I
THE ATfLEE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 ACHIEVEMENT AND PERFORMANCE Activities 2024-25 was a ditTicult period of uncertainty in relation to the renewal of our current lease which expires in May 2026. The year was spent trying to meet with the council to discuss our future but without success. The lack of security of tenure has stymied our fundraising efforts and leaving us eating into our reserves whi¢h is unsustainable. We have been wholly reliant on the small income frorn the hire of our fa¢s1ities whith flurluates month to month. P14y and famlly work: Another busy and fun year; registering over 140 new children and young people; our total membership now stsds at 742 children and young people aged I to 25 years, with and without disabilities. We have continued to see many parents and carers participate An activities with their children &s per last year. We hope to see more of them over the coming year5. Youth Work: We had hoped to have recTUited a ¢ompplim¢nt this year but h8d been unsuc¢essthl. In the absence of providing our own 5ervi¢e, we have Coffee Afrik who have been delivering sessions 2 evenings a week during teTm times. Partnershlps and sharing knowledge: We have continued to make contacts and have worked closely with schools and oth¢r community organisations based in Tower Hamlets; SOUL, Para¢arnival, Harry Gosling School. Our staff team Continued to engage in professional developrn¢nt in safeguarding. mental health and full first aid including paediatri¢ fwst aid. FINANCIAL REVIEW Investment polley All fjjnds not requir¢d for immediate use are invested in a deposit cOunt. Reserv pollcy The current reserves policy states that the charity should carry sufficient reserves to meet its operational ¢ommitments for a period of12 months. Our general reserves for the year ending 3 1st March 2025 were £64,938. FUTURE PLANS 2025-26 Remains the same as last year but with the priority being to renew our lease. l) To expand play services to 5 days a week 2) Recruit new youthworkers and relaunch our youth $ervi¢e. 3 Continue to develop a range of complementary partnerships to provide outreach activities with families, infornial leaming and vocational trainkng and social research; e.g. with the Attlee Foundation. 4) Secure longer terni unrestri¢led fimds to enoble us to subsidise our pilot projects as well as other unfijnded projects. STRUCTURE, COVERNALYCE AND MANAGEMENT Governing documenl The Attlee Centre is a company limited by guarantee. incoTporated on 8 January 2001 and registered as a charity on 29 June 2001. It was established under a Memorandum of Association which sets out the charitable company'5 objects and powers and it is governed under ils Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £5. Recrultment and Appolntment of Irustees The Board of Trustees are also the dire¢tor5 of the charilable company for the purposes of charity law and administeTing the charity. Trustees are elected by members, and retiring Trustees can offer themselves for re-election in accordance with the charity's Articles of Association. The maximum number of Trustees is IS. Ther¢ are three Honorary Officers the Chair, Vice Vic¢-Chairs and Treasurer who are e1ced annually at the AGM. Page 2
THE ArrLEE CENTRE REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Trusl¢es' induetlon and training Prior to appointment, new Trustees meet with the Chair and the Operations Director and are provided with a Trustees, pack containing inforniation about the charity and their responsibilitie5 as Trustees. This is coupled with a tour of the Attlee Youth & Community Centre. They are also invited to attend a m¢¢ting as an observer before confirniing their willingness to stand for co-option or election. Newly appoin*d Inte¢S will complete an enty in the register of members which all Tntee5 must sign. Developments in good governance practice, the regulatory fratnework and other factors which impact upon the organisation are Teported on and discussed in Committee and Board meetings to ensure that Trustees, knowledge and understanding of their role and responsibilities is kept up to date. Training inforntstion is forwarded to Trustees from the Trustc¢ Network and other relevant sources. M2n2gement Structure and declsion maklng The Bo8rd of Trustees meet at least four times a year and is responsible for the governance, probity and strategic direction of the Centre. The Trustees delegate executive management of the Charity to the Operations Director (who is also the Company Secretary). The Operations Director has overall responsibility for fimding, fmance, policy, project development and co-ordinating the staff team. Written reports are presented to the committees and Board meetings on operational, fmancial, project developmen( risk management and strategic planning, In addition, the Operations Director meets regularly with the Chair. Ri8k management Signif)cant property risks facing the Centre include damage, destruction or loss of fixed &%sets. The charity is insured against these risks including theft. The red assets r¢gist¢r iden¢ifies all of the assets held. REFERENCE AIVD ADMINISTRATIVE DETAIiS Reglstered Company number 04136981 (England Wales) Reglstered Charity number 1087259 Registered offiee Attlee Centre 5 Thrawl Street London EI 6RT Trustees Z Hussain Co Vice Chair Ms S M Kabir MsAJWallg M F Young Ms S Howland Chair (resigned 26.2.25) D Farquharson Treasurer Ms E Obeng-sackey Company Secretary Ms T Shaikh Approved by order of the board of trustees on ............................................. and signed on its behalf by: M F Young - Trustee Page 3
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEFS OF THE ALEE CENTRE Independent examiner's report to the Irustees of The Attlee Celltre ('the Company,) I report to the charity trustees on my exatnination of the accounts of the Company for the year ended 31 March 2025. Responsibililies and basls of report As the charlS trnstees of the Company (and also its directors for the PUTposes of company law) you are responsible for the preparation of the accounts in accordance with the requiremeuts of th¢ Compani¢s Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the Company are not requiTed to be audited under Part 16 of the 2006 Act and are eligible for independent examination. J report in respect of my examination of your charity's accounts as caryied out under Section 145 of the Charities Act 2011 Cthe 201 I Art). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act. Independ¢nt exyamlner's statement - matters of concern identified Since your charity's gross income exceeded £250.000 your cxaminer must be a member of a listed body. I can confwm that l am qualified to undertak¢ the examination beCae l am a member of the Instite of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examinalion. Attention is drawn to note 12 in respect of the charl8 lease on its premises. If a suitable new lease cannot be negotiated for the period commencing May 2026 th¢ charity may not be able to continue. I confinn that no other matters have come to my attention in Connection with the examination giving me rtrdsonable ause to believe that in any material respect: accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or the a¢¢ounts do not accord with those records. or the accounts do not comply with the aeeounting requirements of Section 396 of the 2006 Act other than any requirement that the a¢¢ounts give a true and fair view which is not a matter considered as part of an independent examination" and the accounts have not been prepared in atcordanee with the methods and principles of the Statement of Rerommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)). I confirni that there are no other matters to which your attention should be drawn lo enable a proper understsnding of the accounts to be reached. Maurice Brindley Bsc FCA Page 4
THE ALEE CELYTRE STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total fimds Unrestrict fimd5 Designated Funds Restricted nds Note5 INCOME AND EI¥DOWMENTS FROM Donations and legacies 14,603 168.524 183.127 10,654 Other trading activities 117,346 117.346 113,391 Total 131.949 l68,524 300.473 124.045 EXPENDITURE ON Charitabl¢ activities Wages and salaries Direct costs Support costs Premises costs 48.204 602 16,781 57,264 63,334 707 144,286 276 111,538 1,309 161,067 252,026 113,667 105,088 194,486 175,775 Total 122,851 194,486 208,603 525,940 394,530 NET INCOMEI(EXPENDITURE) 9.098 (194.486) (40,079) (225,467) (270,485) RECONCILIATION OF FUNDS Total funds brought fonyard 55,840 416,781 77,612 550,233 820,718 TOTAL FUNDS CARRIED FORWARD 64,938 222,295 37,533 324,766 550,233 The notes forni part of these fmancial statements Page 5
THE AThLEE CENTRE IREGISTERED NUMBER: 04136981) BALANCE SHEET 31 MARCH 2025 31.3.25 Total funds 31.3.24 Total Unrestricted fijnds Designaled Funds Restricted fimds Notes FIXED ASSETS Tangible assets 222,295 222295 416,781 CURRENT ASSETS Debtors Cash at bank 9,256 65,263 9,256 102,797 9,576 129,959 37.534 74.519 37,534 112,053 139,535 CREDITORS Amounts falling due within one year {9,582) (9,582) (6,083) NET CURRENT ASSETS 64,937 37,534 102,471 133,452 TOTAL ASSETS LESS CURRENT LIABILITIES 64,937 222.295 37,534 324,766 550,233 NET ASSETS 64.937 222295 37,534 324,766 550,233 FUNDS Unrestricted funds Restricted funds io 287,232 37,534 472,621 77,612 TOTAL FUNDS 324,766 550,233 The charitable company is entitled to exemption from audit under Section 477 of the Companies A¢t 2006 for the year ¢nded 31 March 2025. The members have not required the company to obtain an audit of its fmancial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies A¢t 2006. The trustees acknowledge their responsibilities for (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and (b) preparing financial statements which give a true and fair view of th¢ state of affairs of the charitable cornpany as at th¢ end of each fmancial year and of its surplus or deficit for each fmancial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to fanCial $tstements, so far as applicable to the charitable company. The notes forn) part of these finala1 Statements Page 6 continued...
THE AThLEE CENTRE (REGISTERED NUMBER: IM136981) BALANCE SHEET - continued 31 MARCH 2025 These fmancial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regitne. The financial statements were approved by the Board of Tnte£S and authorised for issue . and were signed on its half by: on D Farquharson - Truste¢ M F Young - Trustee The notes forni part of these financial statements Page 7
THE ALEE CENTRE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTllYG POLICIES Basis of preparing the finanelal statements and a&srnent of going concern The fancial statements of the charitable company. which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities.. Slatement of R¢¢ommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK Republic of Ireland {FRS 102) (effective l January 2019),, Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The fanCIal ststements are present¢d in sterling (£). The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. Crltleal 8¢countlng judgements and key sourees of estlmatlon uneertfdlnty In preparing fmancial statements it is necessary to make certain judgements, estimated and assumptions that affect the amounts recognised in the financial statements. The following judgements and estimates are considered by the trustses to have most significant effect on 8mounts re¢ognised in the fmancial statements. Useful e¢onomic life of tangible fed assets: The annual depreciation charge for tangible assets is setvJitive to changes in the ¢stimated use1 economic Ilves and residual values of the assets. The usefijl economic lives and residual values are reassessed annually. Th¢y are amended when necessary to reflect curTent estimates, based on technological advancem¢nt, future investh]ents, economic utilisation and the physical Condition of the assets. Incotne All income is recOlSed in the Statement of Financial Activities once the charity has entitlement to the funds, It is probable that the in¢offje will be received and the amount can Ix measured reliably. Expenditure Liabilitieg are recolSed as expenditure as soon as there is a legal or constructive obligation committing the ¢harity to that expenditure, it is probable that a transfer of economic benefits will b¢ required in settlement and the amount of th¢ obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headfftgs that aggregate all cost relaied to the cat¢gory. Where costs catLnot be directly attributed to particular headings they have been allocated to activities on a basis Consistent with the use of resources. Tangible fixed assets Fixed assets are stated at cosi less depreciation. Assets with a value below £1,000 are written off in the year of acquisition. Fixed assets with a value in excess of £1,000 are capitalised. Finance costs incurred as a direct result of part of the Leasehold property have been capitalised as part of the final cost. Depreciation is provided on fixed assets at rates at whicll will write otT th¢ cost or revalue amount of the assets over th¢ir useful economi¢ lives. Short leasehold Fixtures and fittings - Over 20 years - 330A on cost The carrying values are reviewed at the year end for irnpairnient if circumstsnces indicate that the full carrying value may not be recoverable. Taxatlon The charity is exempt from ¢ory)oration tsx OD its charitable a¢tiviti¢s. Debtors Trade and other debtors are recognised at the settlement amount. Prepayinents are valued it the amount prepaid. Cash at bank and in hand Page 8 onlinued...
THE ALEE CENTRE NOTES TO THE FINANCIAL STATEMEIYTS - continued FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES - Continued Taxatlon Cash at bank and in hand includes Cash. current bank acc(xmts and deposit bank accounts with no withdrawal limitations. Credltors Creditors are recognised wbere the charity has a present obligation resulting from a past ¢vent that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount. Fund Accounting General ndS are unrestricted fijnds which are available for use at the discretton of the Tste¢S in fith¢rance of the general objects of the Charity and which have not been designated for other purposes. Designat¢d fvnds comprise of unrestricted fvnds that have been set aside by the Trustees for particular pury)oses. The aim and use of each designated fimd is set out in the notes to the fmancial statements. Restricted fvnds a funds which are to be used in accordance with specific restrictions imposed by donoTS which have b¢¢n raised by the Charity for particular PUryK)ses. The cost of raising and adminTStering Such fijnds are Charged against the specific fund. The aim and use of each restricted fimd is set out in the notes to the fman¢tal statements. Penslon cogts and other post-retlrement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to whi¢h th¢y relate, The charity contribute5 to the personal pension schemes of its employees. Contributions payable to the charitable companls pension s¢heme are charged to the Statement of Financial Activities in the period to which they relate. As from l February 2017, the charity joined the People's Pension to satisfy its obligations under Auto Enrolment and all staff who choos¢ to opt fftto the scheme did so at the staging date. Flnanclal Instruments The charity only has fmancial assets and fmancial liabilities of a kind that qualify as basi¢ fmancial instrLmients. Basic fman¢ial instruments initially settled at transaction v31u¢ and subsequently rneasured at their s¢ttlement value. DONATIONS AND LEGACIES 31.3,25 31.3.24 Donations Grdnts 15,394 167,733 10,654 183,127 10,654 Grants received, includ¢d in the above, are as follows: 31.3.25 31.3.24 Youth Investment Fund Fidelis Foundation 152,733 15,000 167,733 Page 9 ontinued..
THE ArrLEE CENTRE NOTES TO THE FINANCIAL STATEMENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 OTHER TRADING A]VITIEs 31.3.25 31.3.24 Sports pitch hire Room hire 58,148 59,198 65,190 48,201 117,346 l13,391 NET INCOMEI(EXPENDITURE) Net incomel(expenditure) is ststed after charging](crediting): 31.3.25 31.3.24 Depreciation - 0ed assets 194,486 194,486 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expense8 There were no trustees, expen3e$ paid for the year ended 31 Mar¢h 2025 nor for the year ended 31 March 2024. Key management personnel The key management personnel of the charity Comprise the trustee4 the operations director and administrator. The employee benefils of the key management personnel are £57,828 gross pay (2024,. £59.800), £5,470 employerf$ Nl contributions (2024: £5,755) and £2,858 employefs pension contributions (2024: £2,872). STAFF COSTS 31.3.25 31,3.24 Wages and salaries Social security costs Other pension costs 102,330 1,255 5,718 96,185 1,318 4,787 109.303 102,290 The average monthly number of employees during the year was &s follows: 31.3.25 31.3.24 Attlee Centre and office staff Sessional staff io io No employees received emoluments in excess of £60,000. Page 10 continued.:
THE ALEE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 TANGIBLE FIXED ASSETS Fixtures Short leasehold fittings Totals COST At l April 2024 And 31 March 2025 3,889.718 28,100 3,917,818 DEPRECIATION At l April 2024 Charge for year 3,472.937 194.486 28,100 3,501,037 194,486 At 31 March 2025 3,667.423 28,100 3,695,523 NET BOOK VALUE At 31 March 2025 222,295 222,295 At 3 l March 2024 416,781 416,781 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.25 31.3.24 Trade debtors Prepayments and accrued incom¢ 1,756 7,500 1,850 7,726 9,256 9,576 CREDITORS: AmOUs FALLiNG DUE WITHIN ONE YEAR 31.3.25 31.3.24 Social security and olher taxes Other creditors A¢cru¢d expenses 700 6.182 2,700 1,259 2,125 2,699 9,582 6,083 Pagell ontinued...
THE ATTLEE CENTRE NOTES TO THE FINANCIAL STATEMENTS- conlinued FOR THE YEAR ENDED 31 MARCH 2025 io. MOVEMENT IN FUNDS Net movement in fimds At 31.3.25 At 1.4.24 Unrestrlcled funds General fund Attlee Centre Building 55,840 416,781 9,097 (194,486) 64,937 222,295 472.621 (185,389) 287,232 Restrlcted funds London Borough of Tower Hamlets: Youth Jack Petchey YIF (Lottery) Hummingbird Hany Gosling School Garfield Weston Foundation 6,418 360 (6,418) {360) 8,324 (18,609) (305) (22,710) 8,324 1,541 379 27,290 20,150 684 50,000 77,612 (40.078) 37,534 TOTAL FUNDS 550,233 (225,467) 324.766 Net movernent in funds, included in the above are as ft)Ilows: Incoming resources Resources expended Movement in funds Unrestricted funds General fimd Attlee Centre Building 131,949 (122,852) (194,486) 9,097 (194,486) 131.949 (317,338) (185,389) Rejtrlcted funds London Borough of Tower Hamlets: Youth Jack Pet¢h¢y YIF (Lottery) Hummingblrd Harry Gosling School Garfield Weston Foundation Fid¢lis (i) (6,417) (360) (144,409) (18,609) {1,098) (22,710) (14,999) (6.418) (360) ,324 (18.609) (305) {22,710) 152,733 793 14,999 168.524 (208,602) (40,078) TOTAL FUNDS 300,473 (525,940) Q25,467) Page 12 conlinued...
THE AThLEE CENTRE NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2025 10. MOVEMENT IN FUNDS- continued Cotnp2ratives for movement In funds Net movement in fiJnd3 At 31.3.24 At 1.4.23 Unre$lrieted funds General fimd Attlee Centre BuildRng 43.716 611,267 12,124 (194,486) 55,840 416,781 654,983 (182,362) 472,621 Restrlcted funds London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery Hummingbird Harry Gosling Sch<)ol Garfield Weston Foundation 10,074 936 215 56.882 47,324 304 50.000 (3,656) (576) (215) (56,882) (27,174) 380 6,418 360 20,150 684 50,000 165,735 (88,123) 77,612 TOTAL FUNDS 820,718 (270,485) 550.233 Comparative net movement in funds, included in the al>ove are as follows: Incoming resources Resources expended Movement in funds Unrestrieted funds General fuftd Attlee Centre Building 123.101 (110,977) (194,486) 12,124 (194,486) 12J.101 (305,463) (182,362) Restrieted funds London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big LA)ttery Hummingbird Hary Gosling School (3,656) (576) (215) (56,881) (27,173) (566) (3,656) (576) (215) (56,882) (27,174) 380 (i) (i) 946 944 (89.067) (88,123) TOTAL FUNDS 124,045 (394,530) (270,485) Page l3 continued...
THE ALEE CENTRE NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 MARCH 2025 io. MOVEMETrrr IN FUNDS - Continued A Cuent year 12 months and prior year 12 months cixnbined position is as follows: Net movement in funds At 31.3.25 At 1.4.23 Unrestrleted funds General fid Attlee Centre Building 43,716 611,267 21,221 (388,972) 64,937 222,295 654.983 (367,751) 287,232 Restricted funds London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery YIF (Lottery) Hummingbird Harry Gosling School Garfield Weston Foundation 10,074 936 215 56,882 (10,074) (936) (215) (56,882) ,324 (45.783} 75 (22,710) 8,324 1,541 379 27,290 47,324 304 50,0(Y) 165,735 (128,201) 37,534 TOTAL FUNDS 820,718 (495,952) 324,766 A ¢urrent year 12 months and prior year 12 months combffted net movement in fimds, included in the abov¢ are as follows: Incoming Resources expended Mov¢ment in fid8 Unrestricted funds General fund Attlee Centre Building 255,050 (233,829) (388,972) 21,221 (388,972) 255,050 (622,801) (367,751) Restrleled funds London Borough of Tower Hamlets: Youth Jack Petchey London Youth Big Lottery YIF (Lottery) Hummingbird Harry Gosling School Garfield Weston Foundation Fidelis (i) (10,073) (936) (215) (56,881) (144,409) (45,782) (1,664) (22,710) (14,999) (10,074) (936) (215) (56,882) 8,324 (45,783) 75 (22,710) (i) 152,733 (i) 1,739 14.999 169,468 (297,669) (128,201) TOTAL FUNDS 424,518 (920.470) (495,952) Attlee Centre Building: the fid represents the net book value of the proFerty. Pag¢ 14 continued..
THE ArrLEE CENTRE NOTES TO THE FINANCIAL STATEMI ENTS- eontinued FOR THE YEAR ENDED 31 MARCH 2025 io. MOVEMEIYT IN FUNDS- continued Family and Youth Project: the aim of the Attlee Youth Community Centre is to provtde Infornl leaTning and community services tlwough Play. generic youth activities and intergenerational work. In the past year we have catered foT these services through two main projects: Attle¢ Families (incorporating Play) and Youth, which promotes healthy living through sports and diet aDd accredited youth activities. The Big Lottery was a three year grant ending in 2016117. Tbe grant provided funding for three full time staff, a community development maoager, a volunteer coordinator and an athinistrator. The aTht also fimded general running expenses, training, travel, consultancy and advice, legal costs and IT costs. Garfield Weston Foundation, Jack Petchey, London Youth and East End Community Fund: these grants are received to support the overall aims of the Centre but are spent for the purposes specified by the fifftders. Hary Gosling School; monies received to be spent on staff time for school play sessions. Hummingbird; monies received to be 3pent all play staff and 50rne resonKe3. LBTH: Youth; Historical underspend but ringfenced for youth activities only. We have not been able to deliver a youth programme As we still have not managed to rNit appropriately qualified staff. This is on hold until we can fill th¢ positions. ii. RELATED PARTY DISCLOSURES There wer¢ no related party transa¢tions for the year ended 31 Mh 2025. 12. OPERATING LEASE The Attlee Centre has a 25 year lease agreement with London Borough of Tower Hamlets over the land comprising the Attlee Centre and Adventure Playground. The lease expires on 14th May 2026. L¢ase payments ar¢ mad¢ on an annual peppercorn rentsl pa¢¢ of £10 (2023 - £10). The trustees are in negotiations with London Borough of Tower Hamlets regarding a new long tenn lease to commence in May 2026 at a similar peppercorn rental. At the date of signing these ffftancial statements, the negotiations have not yet b¢en concluded, Page 15
THE ATTLEE CENTRE DETAILED STATEMENT OF FJNATrICIAL AcrIvrTtES FOR THE YEAR ENDED 31 cll 2025 31.3.25 31.3.24 INCOME AD ENDOWMENTS Donallons and legxcles Donations 15,394 167,733 10.654 183,127 10,654 Other trading aetivities Sports pitch hire Room hire 58,148 59,198 65,190 48,201 117.346 113,391 Tolal Ineom5ng resources 300,473 124.045 EXPENDITURE Ch2rSt2ble Aetivities Wages Social securAty PensioDS Payroll pro¢e$5ing Fees for 8Ctivities Materials for activitie3 Equipment for a¢tivities Professional fees Attlee lectw¢s Other expenditure 102.330 1,255 5,718 1.393 96,185 1,318 4.787 1,268 576 707 602 1,470 453 225 112.458 105,829 Support costs Management Office consumables & equipment Telepbon¢ IT support Subscriptions InsuraDce Utilities Repairs and maintenance Short lewhold 230 1,049 5,972 2,167 11,139 17,479 178,230 194,486 426 1.621 4,575 1,783 3,428 16,210 63,472 194,486 410,752 286,001 Governance Costs Accountancy and legal fKs 2,730 2,700 Total resources expended 525,940 394,530 Net expelldlturt (225.467) (270,485) This page d0¢5 not fonn part of the statutory fmancial statements Page 16