2025-03-31-accounts - The Shadwell Community Project

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Charity number: 1100271

Company number: 04647229

(England and Wales)

The Shadwell Community Project

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 March 2025

The Shadwell Community Project Contents Page For the year ended 31 March 2025

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Report of the Trustees 1to5
Independent Examiner's Report to the Trustees 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 to 16
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The Shadwell Community Project Report of the Trustees For the year ended 31 March 2025

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31March 2025. The Trustees 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2025

Chair's report

Young people hanging out after dark, kids kicking a football around, others chatting with friends, even some lighting fires. For many communities, in 2025, such behaviour might be shocking to local residents. But not in Shadwell. Here these activities - what people used to call playing out - are being done in a safe space, called Glamis Adventure Playground. It has been another milestone year for Glamis as a hub for adventurous play, a place to build friendships and learn about having fun while living healthily. With the help of partner organisations, such as the accountancy firm Crowe, not-for-profit Natterjacks and social enterprise Build Up, we have a smart new covered space for all-weather ping pong or just chatting over lunch, and an upgraded fire pit area with better ventilation and seating - handy for making stew, using vegetables grown in our allotment patch, chop wood with the expert supervisors orjust to gather round and share stories.

We have welcomed many new young people to the site this year, enabling them to build friendships and develop life skills through play. Our registrations have increased from 1,124 to 1785 over the last year.

Our term time sessions, on Thursdays and Fridays from 3.30pm to 6.30pm and Saturdays from 11.30am to 5pm, as well as our holiday schemes, run in every school holiday from spring to winter, have been well attended.

We are aware that we are offering critical support for local families in our community, where child deprivation is among the highest in the UK and many people have been hit harder than most by the cost of living crisis. Our local families have faced very distinct barriers to accessing what they need in these challenging times, when support systems and access to advice have been greatly reduced and children have suffered exclusion from education if they have no access to internet services at home or devices to connect to it.

One significant example of the difference we make is the provision of hot meals and food to take away at our sessions, providing what for some will be the main meal of their day. We are thankful for our partnership with the Felix Project, which delivers bags of fruit, vegetables and groceries on a regular basis to give out to local families in need. But we also know the demand is higher than ever and we are looking to increase this provision of free groceries over the coming year. Funding is key to all of this and we are grateful to Natalie Bell our fundraising manager for continuing to attract grants and income from national bodies, such as BBC Children in Need and the National Lottery, as well as local supporters, like the Wakefield & Tetley Trust and the City of London. We have also recently entered a new partnership with local housing association Poplar Harca, providing consultancy work to help in their ambitions to reopen adventure playground sites in Tower Hamlets that have been forced to shut in recent years. These various income streams enable us to secure regular staff on contracts which has improved consistency and quality of provision greatly. We have retained a core team of playworkers and our manager, a great asset to the adventure playground, enabling Glamis to be open more regularly and build up our numbers again since the Covid lockdowns. We are now looking to raise funds for a site development manager who can help with large renovations and help support the manager in ensuring the site is used to its full potential with other local organisations as well as making it more sustainable by broadening our income streams. We also have seven skilled, experienced board members with a wide range of practical knowledge and expertise. The trustees have volunteered their time to help with the rebuild of some structures, including the removal of timbers that had passed their useful life, and putting in place line management and training to support overall staff team development. The website is also being updated with the help of trustee expertise and a longer-term strategic plan is being drawn up in November at an away day, particularly looking at sustainability and using the site more widely for community work. We look forward to the future, expanding what we can do on this special patch of East End soil, dedicated to our young people. We do this because we know that our local children need such places to create the play that is so necessary to their development. We know also that our neighbours feel safer knowing that the young people are being looked after at Glamis rather than roaming the streets. Glamis has been doing this for many decades now, and we intend to make sure that our wonderful adventure playground can continue doing this for many decades to come.

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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2025

income families to participate and develop a range of interests, skills, experiences and aspirations. Local families benefit from free, after school and holiday activities that enable parents to study and have respite care, especially parents from low income families. Local residents benefit from greater community cohesion, plus volunteering projects that bring people from different backgrounds and generations together to improve the adventure playground.

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Shadwell Community Project exists to serve the children and young people of the East End through Glamis Adventure Playground. We operate from a permanent building with a green roof and a hobbit hole front door, equipped with a kitchen and cafe area, where children can learn about healthy eating. Concrete, high-rise housing and heavy traffic dominates our neighbourhood. The playground and its neighbouring allotments are viewed as an oasis from this noise and density of buildings.

Statement on public benefit

In planning to meet the objectives we are satisfied that the activities fulfil the public benefit requirement referred to in the Charity Commission's guidance. As well as benefit to the individuals concerned there is a broader gain for the public. Every year hundreds of disadvantaged children and young people from Shadwell and surrounding areas of Tower Hamlets benefit as a result of the Shadwell Community Project's work. Tower Hamlets has the highest level of child poverty in the UK with over half of all local children growing up in poverty. Children and young people benefit from being outdoors and - through our children's cafe and allotment plot - development of skills and learning through participation in projects like cooking, gardening, construction, using tools, project planning, development of creativity, problem solving skill resilience, through arts, self-directed play and opportunities to experience risk and challenge. Also, we generate increased cultural awareness as a result of bringing children from different backgrounds together to pla, and increased opportunities for children from low income families to participate and develop a range of interests, skills, experiences and aspirations. Local families benefit from free, after school and holiday activities that enable parents to study and have respite care, especially parents from low income families. Local residents benefit from greater community cohesion, plus volunteering projects that bring people from different backgrounds and generations together to improve the adventure playground. FINANCIAL REVIEW Total income for the year was £117,304 (2024:£114,139). Income from restricted grants was £108,802 (2024:£105,896). Unrestricted income for the year was £8,502 (2024:£8,243).

Total expenditure for the year was £119,931 (2024:£128,271).

Reserves

We have carefully considered the Charity's needs to hold reserves for dealing with unforeseen circumstances and, to the extent that further funds permit, for investment in future activities. Hence, in light of increased uncertainty over most sources of income available to us, we have decided that a target level for the General Reserve should be the equivalent of between 3 and 6 months of total annual expenditure. Going concern The past year has presented significant financial challenges for The Shadwell Community Project. Specifically, the increase in the cost of living and increased competition for grant income have created a period of considerable financial pressure. While the project has successfully concluded its lease negotiations, at the date of signing these accounts, the charity’s free reserves have fallen below our target policy of three months. This represents a considerable concern regarding our status as a going concern and indicates the existence of a material uncertainty that may cast significant doubt on the charity's ability to continue. To address this, the Board of Trustees has implemented a recovery plan, including reduced operational hours, fundraising campaigns, and exploring additional avenues for funding and social investment. While the outcome of these actions is not guaranteed, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future (being at least 12 months from the date of approval of these financial statements) and believe they provide a viable path to stability.

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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The company is registered as a charitable company limited by guarantee and was set up by a Memorandum and Articles of Association on 24 January 2003, updated September 2010.

The objects of the company are:

a. To act as a resource for young people up to the age of 18 living in Shadwell and its environs by providing advice and assistance and organising programmes of physical, educational and other activities, including the provision of an adventure playground, as a means of advancing education;

b. In the interest of social welfare, to promote and provide facilities and activities for children and young people and their communities so that their conditions of life may be improved and their physical, mental and spiritual well-being is promoted. The directors of the company (who also act as trustees) are as listed on page 3and they all held office during the period under review. The management of the company is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum and Articles of Association. The directors are subscribers to the Memorandum of Association and as such are limited to a guarantee of a nominal £1 in the event of a winding up of the company. The directors meet together as a Management Committee on a monthly basis with the Senior Playworker to review current issues, and to discuss future developments. The Management Committee comprises primarily residents from the local area and is assisted by support from the Play Association of Tower Hamlets. The Shadwell Community Project has carried out a risk assessment in relation to funding and resulting potential risks to our funding base and those arising from both known and potential liabilities.

The overall strategy is to continue to diversify funding sources, develop long-tenn relationships with key funders and strategic partners, and continue to build a reasonable level of operating reserves. Through the systematic review of these risks, the Trustees aim to mitigate the major risks to which the Charity is exposed. Internal Controls The Trustees have prepared a Financial Control Policy to document procedures in place to ensure all staff and trustees in the Charity, especially those involved in the accountancy operation, correctly adhere to such controls. This should ensure that an audit trail can be followed and that allocation of costs have been properly ascertained and properly recorded. Recruitment and appointment of trustees

Each new trustee receives an induction to The Shadwell Community Project. In particular this explains:

-our aims and objectives

-responsibilities of being a trustee

-how the Project runs on a day to day basis

-and a review of our policies and procedures

The Shadwell Community Project works closely with Play Association Tower Hamlets and Tower Hamlets CVS who provide or assist in finding suitable training for trustees and staff as and when required.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity The Shadwell Community Project Charity registration number 1100271 Company registration number 04647229 Principal address 10 Glamis Road Glamis Adventure Playground London E1W 3EG

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The Shadwell Community Project Report of the Trustees Continued For the year ended 31 March 2025

Trustees

The trustees and officers serving during the year and since the year end were as follows: Mr Jonathan Moules

Trustees

The trustees and officers serving during the year and since the year end were as follows: Trustees

The trustees and officers serving during the year and since the year end were as follows:

	Ms SuzannahJane Carey Walker	Ms SuzannahJane Carey Walker
	Ms Jurate Brazaityte
	Mr Peter Perren
	Ms Isabella Helen Gaster
	Mr Alex MacDonald
	MrAsad Kara
Secretary	Miss Jurate Brazaityte
	Mr Peter James Perren
Independentexaminer	Caroline Clarke
	Counterculture Partnership	LLP
	23 St Leonards Road
	Bexhill	,
	East Sussex
	TN401HH

Approved by the Board of Trustees and signed on its behalf by

sevese[osepeoversssescssssesstOUTEEe MWR NA Ay, 12 January 2026 Mr Jonathan Moules /

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The Shadwell Community Project Independent Examiners Report to the Trustees For the year ended 31 March 2025

| report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2025.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, 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 160f the 2006 Act and are eligible for independent examination, | report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination | have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

| have completed my examination. | confirm that no matters have come to my attention in connection with the examination giving me cause 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 accounts do not accord with those records; or
the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts givea ‘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).

| 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.

Caroline Clarke

Counterculture Partnership LLP

23 St Leonards Road

Bexhill

East Sussex TN40 1HH

12 January 2026

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The Shadwell Community Project Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2025

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||||||||| |---|---|---|---|---|---|---|---| |Notes|Unrestricted|Restricted|2025|2024| |funds|funds| |£|£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|2|4,610|108,802|113,412|113,286| |Charitable|activities|3,774|-|3,774|781| |Investments|3|118|-|118|72| |Total|8,502|108,802|117,304|114,139| |Expenditure|on:| |Charitable|activities|4/5|(7,017)|(112,914)|(119,931)|(128,271)| |Total|(7,017)|(112,914)|(119,931)|(128,271)| |Net|income/expenditure|1,485|(4,112)|(2,627)|(14,132)| |Reconciliation|of funds| |Total|funds|brought|forward|12,758|165,001|177,759|191,891| |Total funds|carried forward|14,243|160,889|175,132|177,759|

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Registered Number:

04647229

The Shadwell Community Project Statement of Financial Position As at 31 March 2025

	Notes	2025	2024
		£	£
Fixed assets
Tangible assets	11	160,889	165,001
		160,889	165,001
Current assets
Debtors		1,331	-
Cash atbank and in hand		14,352	15,671
		15,683	15,671
Creditors: amounts falling duewithin oneyear	12	(1,440)	(2,913)
Net current assets		14,243	12,758
Total assets less current liabilities		175,132	177,759
Net assets		175,132	177,759
The funds ofthe charity
Restricted income funds	13	160,889	165,001
Unrestricted income funds	13	14,243	12,758
Totalfunds		175,132	177,759

For the year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ;

The members have not required the company to obtain an audit of its accounts for the year in question in accordance
with section 476,
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting
records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

cece eee Genawke de reeset ances) sesd Bernie chest oSlestact Mr Jonatha Moules { Trustee

12 January 2026

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The Shadwell Community Project Notes to the Financial Statements For the year ended 31 March 2025

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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) (effective 1 January 2019)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.

The Shadwell Community Project 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 note(s).

Going concern

The financial statements are prepared, on a going concern basis, under the historical cost convention.

Statement of cash flows

The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charitable company is small.

Funds

The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment.

Designated funds comprise of unrestricted funds that have been set aside by the Trustees for particular purposes.

Restricted funds have been provided to the charity for particular purposes, and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them.

There is no formal policy of transfer between funds or on the allocation of funds to designated funds, other than that described above

Incoming resources

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only. Value Added Tax is not recoverable by the company, and is therefore included in the relevant costs in the Statement of Financial Activities.

Tangible fixed assets

Tangible fixed assets are stated at cost less depreciation and after deduction of grants received for capital expenditure. Depreciation is provided at rates calculated to write off the cost of the fixed asset, less grants received and their estimated residual value, over their expected useful lives on the following base:

Permanent Log Cabin - 2% straight line

Portacabin - 20% straight line Furniture and Fixtures - 33% straight line

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

2. income from donations and legacies

	Unrestricted	Restricted	2025	2024
	funds	funds
	£	£	£	£
Donations received	4,610	-	4,610	2,860
Grants received	-	108,802	108,802	110,426
	4,610	108,802	113,412	113,286
Analysis ofgrants received
			2025	2024
			£	£
ActionFunder			§,000	-
Albert Hunt Trust			5,000	-
Chapman Charitable Trust			=	1,000
Children in Need			=	9,907
City Bridge Foundation			°	530
City of London			4,390	8,780
Co-operative Group			-	2,170
East End Community Foundation			4,000	-
Groundwork UK			1,125	-
Jack Petchey Foundation			1,200	-
London Borough ofTower Hamlets			31,000	19,297
London City Airport Community Fund			2,920	-
National Lottery			49,200	64,742
Poplar Housing			10,000	-
Shaftesbury Homes and Arethusa Trust			9,967	-
Tower Hill Trust			-	4,000
UK Youth			12,000	~
Wakefield & Tetley			3,000	-
			108,802	110,426

3. Investment income

	2025	2024
	£	£
Unrestricted funds
Bank interest receivable	118	72
	118	72

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

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|||||||| |---|---|---|---|---|---|---| |4.|Costs|of charitable|activities|by fund type| |Unrestricted|Restricted|2025|2024| |funds|funds| |£|£|£|£| |Provision|of|adventure|905|112,914|113,819|122,145| |playground| |Support|costs|6,112|-|6,112|6,126| |7,017|112,914|119,931|128,271| |5.|Costs|of charitable|activities|by|activity type| |Activities|Grant|Support|2025|2024| |undertaken|funding|of|costs| |directly|activities| |£|£|£|£|£| |Support|costs| |Provision|of adventure|109,707|4,112|6,112|119,931|128,271| |playground| |6.|Analysis|of support|costs| |2025|2024| |£|£| |Provision|of adventure|playground| |Management|3,682|3,831| |IT|918|855| |Governance|costs|1,512|1,440| |6,112|6,126| |7.|Net|income/(expenditure)|for the|year| |This|is|stated|after|charging/(crediting):| |2025|2024| |£|£| |Depreciation|of owned|fixed|assets|4,112|4,112| |Accountancy|fees|1,512|1,440| |Staff pension|contributions|905|2,969|

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

8. Staff costs and emoluments

Total staff costs for the year ended 31 March 2025 were:

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Salaries and wages
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Social security costs Pension costs

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2025 2024
£ £
66,888 64,742
- 752
905 2,969
67,793 68,463
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No employee received a salary of more than £60,000 per annum in the period (2024: nil).

The total employee benefits of the key management personnel of the charity were £44,162

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Employees
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2025 2024
8 7
8 7
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9. Trustee remuneration and related party transactions

The charity trustees were not paid or received any other benefits from employment with the charity in the year (2024:£nil).

No charity trustee received payment for professional or other services supplied to the charity (2024:£nil). The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2024:£nil).

Trustees’ expenses represents the payment or reimbursement of travel and subsistence costs totalling £nil (2024:Enil). There are no related party transactions to disclose for 2025 (2024:none).

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

10. Comparative for the Statement of Financial Activities

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|||||||| |---|---|---|---|---|---|---| |Unrestricted|Restricted|2024| |funds|funds| |£|£|£| |Income|and|endowments|from:| |Donations|and|legacies|7,390|105,896|113,286| |Charitable|activities|781|-|781| |Investments|72|-|72| |Total|8,243|105,896|114,139| |Expenditure|on:| |Charitable|activities|(18,263)|(110,008)|(128,271)| |Total|(18,263)|(110,008)|(128,271)| |Net|expenditure|(10,020)|(4,112)|(14,132)| |Reconciliation|of funds| |Total|funds|brought forward|22,778|169,113|191,891| |Total|funds|carried|forward|12,758|165,001|177,759|

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11. Tangible fixed assets

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|||||||| |---|---|---|---|---|---|---| |Plant|and| |Cost|or valuation|machinery| |£| |At|01|April|2024|205,614| |At|31|March|2025|205,614| |Depreciation| |At|01|April|2024|40,613| |Charge|for year|4,112| |At|31|March|2025|44,725| |Net|book|values| |At|31|March|2025|160,889| |At|31|March|2024|165,001| |Creditors:|amounts|falling|due|within|one|year| |2025|2024| |£|£| |Other|creditors|-|1,473| |Accruals|and|deferred|income|1,440|1,440| |1,440|2,913|

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Creditors: amounts falling due within one year

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

13. Movement in funds

Unrestricted Funds

	Balance at	Incoming	Outgoing	Balance at
	01/04/2024	resources	resources	31/03/2025
	£	£	£	£
General
General Fund	12,758	8,502	(7,017)	14,243
	12,758	8,502	(7,017)	14,243
Unrestricted Funds - Previous year
	Balance at	Incoming	Outgoing	Balance at
	01/04/2023	resources	resources	31/03/2024
	£	£	£	£
General
General Fund	22,778	8,243	(18,263)	12,758
	22,778	8,243	(18,263)	12,758

Purpose of unrestricted Funds

General Fund

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Restricted Funds

	Balance at	Incoming	Outgoing	Balance at
	01/04/2024	resources	resources	31/03/2025
	£	£	£	£
Building Fund	165,001	-	(4,112)	160,889
London Borough of	-	31,000	(31,000)	-
Tower Hamlets
National Lottery	-	19,200	(19,200)	-
Other Restricted	-	33,602	(33,602)	-
Poplar Housing	-	10,000	(10,000)	-
UKYouth	-	12,000	(12,000)	-
Wakefield & Tetley	-	3,000	(3,000)	-
	165,001	108,802	(112,914)	160,889

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

Restricted Funds - Previous year

	Balance at	Incoming	Outgoing	Balance at
	01/04/2023	resources	resources	31/03/2024
	£	£	£	£
Building Fund	169,113	-	(4,112)	165,001
Children in Need	-	9,907	(9,907)	-
City ofLondon	-	8,780	(8,780)	-
London Borough of	-	19,297	(19,297)	-
Tower Hamlets
National Lottery	-	64,742	(64,742)	-
Other Restricted	-	3,170	(3,170)	-
	169,113	105,896	(110,008)	165,001

Purpose of restricted funds

Building Fund

The Building Fund represents the Net Book Value of the proportion of the building project paid for with restircted funds.

National Lottery

The National Lottery represents funds received to support core costs and running of the playground, including play sessions and staff costs.

London Borough of Tower Hamlets

The London Borough of Tower Hamlets represents funds awarded to support provision of holiday activities and food during the summer holiday program and also to pay for the salary of a full-time Project Manager for four months. Wakefield & Tetley

Fund for staff costs for outreach and play sessions

City of London

Fund for the childrens gardening programme.

Children in Need

Fund towards on site development and build for a sheltered area.

Other Restricted

Poplar Housing

UK Youth

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The Shadwell Community Project Notes to the Financial Statements Continued For the year ended 31 March 2025

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14. Analysis of net assets between funds
Tangible Net current Net Assets
fixed assets assets /
(llabllities)
£ £ £
Unrestricted funds
General
General Fund - 14,243 14,243
Restricted funds
Building Fund 160,889 - 160,889
160,889 14,243 175,132
Previous year
Tangible Net current Net Assets
fixed assets assets /
(liabilities)
£ £ £
Unrestricted funds
General
General Fund - 12,758 12,758
Restricted funds
Building Fund 165,001 - 165,001
165,001 12,758 177,759
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15. Company limited by guarantee

The Shadwell Community Project is a company limited by guarantee and accordingly does not have a share capital.

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