**Company Registered Number: 04619849 Charity Registered Number: 1098129**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
**(A Company Limited by Guarantee)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 AUGUST 2025**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **(A Company Limited by Guarantee)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1|
|**Trustees' Report**|2 - 3|
|**Independent Examiner's Report**|4|
|**Statement of Financial Activities**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 - 15|
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **(A Company Limited by Guarantee)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 AUGUST 2025**
|**Trustees**|Cathy Walsh, Chair|
|---|---|
||Alessandro Chiozzi|
|**Company registered**
**number**
04619849
**Charity registered**
**number**
1098129
**Registered office**
260-264 Kingsland Road
London
E8 4DG
**Company secretary**
Anthony Harmer
**Independent examiner**
MHA
2 London Wall Place
London, United Kingdom
EC2Y 5AU
**Bankers**
Bank of Scotland
14-16 Cockspur Street
London
SW1Y 5BL
**Solicitors**
Russell-Cooke
2 Putney Hill
London
SW15 6AB||
Page 1
> **[This draft produced on 6/6/2014 19:39]**
**HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE (A company limited by guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Trustee list**
- Cathy Walsh, Chair (appointed 18 July 2019)
- Alessandro Chiozzi (appointed 22 July 2021)
The Trustees, who act as the Directors of the Company for the purposes of the Companies Act, and Trustees for Charity law purposes, submit their annual report and the financial statements of Haggerston Neighbourhood Learning Centre (HNLC) for the year ended 31 August 2025. The Trustees confirm that the annual report and financial statements of the Company 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 the Republic of Ireland (FRS 102).
## **Structure, governance and management**
The Company is limited by guarantee, with no share capital. It is also a registered Charity and was set up by a Memorandum of Association on 17 December 2002.
The Company's governing body is the Board of Trustees. The Board has the power to co-opt up to five additional persons to the Board at any one time. HNLC is controlled by another Charity, East London Advanced Technology Training (ELATT). ELATT is the sole member of HNLC and sublets the leasehold premises that HNLC owns and has similar charitable objectives to HNLC.
The Chair of ELATT’s Board also chairs HNLC’s Board. The Charity does not employ any individuals.
## **Objectives and activities**
The Company’s objectives are to educate and train young people and adults. It facilitates these aims by leasing its premises to East London Advanced Technology Training, its parent charitable company.
## **Achievements and performance**
During the period, HNLC continued to fulfil its objectives by providing good quality premises and facilities that enabled its Parent Charity ELATT to deliver training and employability skills for unemployed adults and young people.
The Trustees, who comprise all the Key Management Personnel of the Charity, neither received nor waived any remuneration, or expenses, during the year _(2024 - £NIL)._
## **Financial review**
## **Going concern**
After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
Page 2
> **[This draft produced on 6/6/2014 19:39]**
**HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE (A company limited by guarantee)**
## **TRUSTEES’ REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
The Trustees recognise that at the year-end the charity is in negative current assets, and the Trustees are aware that this means the charity is now technically insolvent. However, the Trustees are also highly confident that throughout 2025 and 2026 the rent from ELATT will continue to be received as usual and so are confident that this is no cause for concern. This is further supported by the fact that the level of negative reserves decreased from £75,885 in 2024 to £29,070 in 2025. The same improvement will occur by 31 August 2026, and will be further alleviated by the end of this calendar year once the budgetary impact of clearing the mortgage bank loan materialises. Therefore, the trustees are confident that the Charity will be in positive reserves again by Summer 2026.
## **Reserves Policy**
The Board has agreed a free reserves target of ten to fourteen months' running costs in unrestricted reserves. This is necessary to cover long-term and planned major premises improvements over the coming two to five years, as well as unexpected or urgent repairs and maintenance. In addition, it is essential that HNLC can provide long-term security to its Parent Company ELATT's ability to operate in Hackney and this means the HNLC must be able to cover its mortgage payments in the event of cashflow or other financial issues at the Parent Company.
Twelve months' running costs currently equates to approximately £60,000, and at present the unrestricted reserves are at £(4,291). The Trustees expect an increase to the level of reserves over the course of the next year as the Charity has confirmed rental income for forthcoming periods.
## **Principal Risks**
The Company's risk policy is in line with and managed by its Parent Company, ELATT.
## **Results**
The results of the year's operation are set out in the attached financial statements. The net movement in funds for the year amounted to a surplus of £23,048 _(2024 – deficit of £54,528)._
The Charity's total reserves at 31 August 2025 amounted to £1,115,305 _(2024 - £1,092,257)_ all of which are unrestricted following the completion of the renovation works which now meant that the terms of the grant funding have now been complied with, allowing for all the charity’s to be classified as unrestricted.
Please note that the HNLC made a grant in-year of £35,000 _(2024 - £110,000)_ to ELATT. This grant is wholly for charitable purposes in keeping with the aims of both HNLC and ELATT.
## **Public Benefit Statement**
The Trustees confirm that they have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
This report was approved and authorised for issue by the Trustees and signed on its behalf by:
…………………………… **Cathy Walsh** Chair of Trustees Date: 29/04/2026
Page 3
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
**(A Company Limited by Guarantee)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 AUGUST 2025**
## **Independent Examiner's Report to the Trustees of Haggerston Neighbourhood Learning Centre ('the Charity')**
I report to the Charity Trustees on my examination of the accounts of the Charity for the year ended 31 August 2025.
## **Responsibilities and Basis of Report**
As the Trustees of the Charity (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 Charity 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 Charity'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 confirm that no 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 Charity 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.
Signed: Dated: 01/05/2026
## **Stuart McKay BSc FCA DChA**
MHA, London, United Kingdom
MHA is the trading name of MHA Audit Services LLP, a limited liability partnership in England and Wales (registered number OC455542).
Page 4
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **(A Company Limited by Guarantee)**
## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2025**
|**Note**
**Income from:**
Other trading activities
4
**Total income**
**Expenditure on:**
Charitable activities
5
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2025**
**£**
**91,200**
**91,200**
**68,152**
**68,152**
**23,048**
**1,092,257**
**23,048**
**1,115,305**|**Total**
**funds**
**2025**
**£**
**91,200**
**91,200**
**68,152**
**68,152**
**23,048**
**1,092,257**
**23,048**
**1,115,305**|_Total_
_funds_
_2024_
_£_
_91,200_
_91,200_
_145,728_
_145,728_
_(54,528)_
_1,146,785_
_(54,528)_
_1,092,257_|
|---|---|---|---|
The Statement of Financial Activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
All income and expenditure for both the current and previous years are allocated to unrestricted funds.
The notes on pages 7 to 15 form part of these financial statements.
Page 5
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **(A Company Limited by Guarantee) REGISTERED NUMBER: 04619849**
## **BALANCE SHEET AS AT 31 AUGUST 2025**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors: Amounts falling due within one year
9
Cash at bank and in hand
Creditors: Amounts falling due within one
year
10
**Net current liabilities**
**Total net assets**
**Charity funds**
Unrestricted funds
**Total funds**|**2025**
**£**
**-**
**8,175**
**8,175**
**(37,245)**|**2025**
**£**
**1,144,375**
**(29,070)**
**1,115,305**
**1,115,305**
**1,115,305**|_2024_
_£_
_2,237_
_3,949_
_6,186_
_(82,071)_|_2024_
_£_
_1,168,142_
_(75,885)_
_1,092,257_
_1,092,257_
_1,092,257_|
|---|---|---|---|---|
The Charity 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 and signed on their behalf by:
................................................
## **Cathy Walsh**
Chair of Trustees Date: 29/04/2026
The notes on pages 7 to 15 form part of these financial statements.
Page 6
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **1. General information**
Haggerston Neighbourhood Learning Centre is a charitable company and is registered with the Charity Commission (Charity Registered Number 1098129) and Registrar of Companies (Company Registration Number 04619849) in England and Wales.
In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. The address of the registered office is given in the Charity information on page 1 of these financial statements.
The nature of the Charity’s operations and principal activities are to educate and train young people and adults, especially by providing education on the use of computers.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## **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), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
The financial statements are prepared on the going concern basis and are presented in sterling which is also the functional currency of the Charity and rounded to the nearest pound.
## **2.2 Going concern**
The Trustees have assessed the use of going concern and have considered possible events or conditions that might cast significant doubt on the ability of the Charity to continue as a going concern. The Trustees have made this assessment for a period of at least one year from the date of the approval of these financial statements. The Trustees have concluded that there is a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity therefore continues to adopt the going concern basis in preparing its financial statements.
The Trustees are aware that the charity currently has negative current assets but is confident of its future income by way of rental agreement so does not believe there is any cause for concern here.
## **2.3 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Page 7
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Accounting policies (continued)**
## **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.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.5 Taxation**
The Charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the Charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **2.6 Tangible fixed assets and depreciation**
Tangible fixed assets costing £350 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following bases:
Long leasehold property - over the term of the lease Leasehold improvements - over the term of the lease or over the life of the asset (between 5 and 50 years)
## **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.
Page 8
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **2. Accounting policies (continued)**
## **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**
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.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.10 Financial instruments**
The Charity does not have a material holding in complex financial instruments. The Charity only holds basic Financial Instruments. The financial assets and financial liabilities of the Charity are as follows:
Debtors – trade and other debtors (including accrued income) are basic financial instruments and are debt instruments measured at amortised cost as detailed in Note 9. Prepayments are not financial instruments.
Cash at bank – is classified as a basic financial instrument and is measured at face value.
Liabilities – trade creditors, accruals and other creditors will be classified as financial instruments, and are measured at amortised cost as detailed in Note 10. Taxation and social security are not included in the financial instruments disclosure. Deferred income is not deemed to be a financial liability, as in the cash settlement has already taken place and there is simply an obligation to deliver charitable services rather than cash or another financial instrument.
## **2.11 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.
Page 9
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **3. Critical accounting estimates and areas of judgement**
Estimates and judgements 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:_
- Depreciation rates for tangible fixed assets;
The Charity makes estimates and assumptions concerning the future. The resulting accounting estimates and assumptions will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
## _Critical areas of judgement:_
- Useful economic lives of assets.
## **4. Income from other trading activities**
|**Unrestricted**
**funds**
**2025**
**£**
Rent receivable
91,200
_Unrestricted_
_funds_
_2024_
_£_
Rent receivable
_91,200_|**Total**
**funds**
**2025**
**£**
**91,200**|
|---|---|
||_Total_
_funds_
_2024_
_£_
_91,200_|
Page 10
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **5. Analysis of expenditure on charitable activities - by type**
|Training and education
Training and education
**Analysis of support costs**
Depreciation
Interest and bank charges
Legal and professional
Governance costs
Grants to ELATT|**Support**
**costs**
**2025**
**£**
68,152
_Support_
_costs_
_2024_
_£_
_145,728_
**Total**
**funds**
**2025**
**£**
**23,767**
**4,063**
**102**
**5,220**
**35,000**
**68,152**|**Total**
**funds**
**2025**
**£**
**68,152**|
|---|---|---|
|||_Total_
_funds_
_2024_
_£_
_145,728_|
|||_Total_
_funds_
_2024_
_£_
_23,767_
_7,600_
_201_
_4,160_
_110,000_|
|||_145,728_|
Page 11
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **(A Company Limited by Guarantee)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **6. Governance costs**
|Independent Examiners' remuneration - Examination of the financial
statements
Independent Examiners' remuneration - Under-accrual of prior year fees
Bank charges|**2025**
**£**
**5,160**
**60**
**-**
**5,220**|_2024_
_£_
_4,100_
_-_
_60_|
|---|---|---|
|||_4,160_|
## **7. Employees, trustees' remuneration and expenses**
There were no employees in the year _(2024 - no employees)._
During the year, no Trustees received any remuneration or other benefits _(2024 - £NIL)_ .
During the year ended 31 August 2025, no Trustee expenses have been incurred _(2024 - £NIL)_ .
Page 12
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **8. Tangible fixed assets**
|**Cost or valuation**
At 1 September 2024 and 31 August 2025
**Depreciation**
At 1 September 2024
Charge for the year
At 31 August 2025
**Net book value**
At 31 August 2025
_At 31 August 2024_|**Long**
**leasehold**
**property**
**£**
**820,000**
**144,566**
**6,560**
**151,126**
**668,874**
_675,434_|**Leasehold**
**improvements**
**£**
**860,358**
**367,650**
**17,207**
**384,857**
**475,501**
_492,708_|**Total**
**£**
**1,680,358**|
|---|---|---|---|
||||**512,216**
**23,767**|
||||**535,983**|
||||**1,144,375**|
||||_1,168,142_|
The leasehold property is held under a 125 year lease expiring in 2127.
A charge is registered against the title of the leasehold property by the Department of Business, Innovation and Skills (originally registered at Department for Education and Skills) in respect of a grant from UK-Online, a major contributor towards the purchase of the premises, which secures the repayment of part or all of the grant should the assets not continue to be used for the purposes for which the grant was given. The grant received from UK-Online in 2004 was £345,629.
There is a further charge registered against the property by Transport for London (originally registered with the London Development Agency), another major contributor towards the purchase of the premises. This also secures the repayment of part or all of the grant should the assets not continue to be used for the purposes for which the grant was given. The grant received from the LDA in 2004 was £585,012.
## **9. Debtors**
|**Due within one year**
Amounts owed by group undertakings|**2025**
**£**
**-**
**-**|_2024_
_£_
_2,237_
_2,237_|
|---|---|---|
Page 13
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **10. Creditors: Amounts falling due within one year**
|Bank loans
Trade creditors
Amounts owed to group undertakings
Accruals|**2025**
**£**
**26,642**
**1,300**
**1,863**
**7,440**
**37,245**|_2024_
_£_
_74,391_
_1,300_
_-_
_6,380_|
|---|---|---|
||||
|||_82,071_|
A long term loan from Halifax Bank of Scotland PLC was received by HNLC and is secured on the Group's property. £26,642 _(2024 - £74,391)_ in was outstanding at the year end.
This loan was obtained to help finance the purchase of, and works to, the Group's property. Mortgage interest is shown in the SOFA. The loan is secured on the property, and repayable over 20 years from March 2006 at 2% over base rate.
## **11. Contingent liabilities**
The Charity purchased and developed its leasehold premises with the financial assistance of the Department of Business, Innovation and Skills (originally registered at Department for Education Skills) (via UKOnline) and the London Development Agency (LDA). Both of these agencies placed ongoing restrictions on the asset's use as well as a legal charge over the property. The grant received from UKOnline in 2004 was £345,629 and the grant received from the LDA in 2004 was £585,012. Should a decision be made to sell the property a proportion of these funds would be repayable. At the year end it was not the Trustees intention to dispose of the property and therefore no liability has crystallised.
## **12. Related party transactions**
The Charity is taking the exemption under paragraph 33.1A of FRS102 not to disclose Intra-group transactions with fellow wholly owned subsidiaries and the parent company.
There have been no other related party transactions in the current or previous year.
## **13. Controlling party**
The Charity is under the control of East London Advanced Technology Training (ELATT), a charitable company (Registered Company Number: 01812908). ELATT was the original subscriber to the Memorandum and Articles of Haggerston Neighbourhood Learning Centre (HNLC), and is the sole member of the Company.
Page 14
**(A Company Limited by Guarantee)**
## **HAGGERSTON NEIGHBOURHOOD LEARNING CENTRE**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025**
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current year**
|**Unrestricted**
**funds**
**2025**
**£**
Tangible fixed assets
1,144,375
Current assets
6,312
Creditors due within one year
(35,382)
**Total**
1,115,305|**Total**
**funds**
**2025**
**£**
**1,144,375**
**6,312**
**(35,382)**
**1,115,305**|
|---|---|
## **Analysis of net assets between funds - prior year**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Unrestricted_
_funds_
_2024_
_£_
_1,168,142_
_6,186_
_(82,071)_
_1,092,257_|_Total_
_funds_
_2024_
_£_
_1,168,142_
_6,186_
_(82,071)_
_1,092,257_|
|---|---|---|
Page 15