CpanY registratk)n number.. l)4464386 Ownty regtstrati¢ number.. 1100603 Southbank Enterprise Trust Ltd (A crynpany by guarwe) for the Year EThled 31 Mwth 2022 'ABJ?Z0uz• 1911212022 COMPANIES HOUSE A12
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Southbank Enterprise Trust Ltd Contents Referee NAminthatNe Eetails Siatement of Trustees, RenlItieS Slatewrt of Flnanaat Activths CuThert Ped SCfA Balae get 7t012
Southbank Enterise Trust Ltd Reference and Administrative Details Try5tees MrKOla Principal Offlte FINspA 22>229 SEVEN sER ROAD FINSBURY PARK LON[ N4 2DA Company Registration Number 04461386 11(1)603
Southbank Enterprise Trust Ltd Trustees. Report The trustees, wh) a directors fL¥ the wrroses of ccthpany law, prLfent the annual iepxt tcgether with ttre rinoncwl ststements of the chantsble comparry for the yea ernled 31 Mardj 2022. Objectbves and athitses The rf of povety, traknir¥Ji aml renta rertak to further The tnths corfm tlsit tly have complied reqLlren of section 4 of the Owrlties Att 2011 to have due regard to the putrAic gUIdar wtlisw ty the ality commi for En9lDnd and Wale& Flnèftdal review tle5. The anrrtl report was the tnrtees of the tha 30 2022 aThJ 9gned on *s behaw Mr K Olaoye
Southbank Enterprise Trnst Ltd Statement of Trustees. Responsibilities The trustees Iwfv) are akn the directors of Sovthbank EnterF¥ise TrLLSt Lfd fLV the purposes of crynpany law) are respon9tAe for preparing the tr7Jstees' repjt and the finanoal ststements in accordance with the UNted ngdom AccwnbThJ Standards (United Gwalty P£cuthtiNJ Pwti} a1 appltsblE law aThl gulatron& Company law wuires the truts to Slater$ fry eath f¥wKial . UThJer ccrfnpary Law the twes must Thjt approve the finaal ststernents unth tly are sali5fied tK4t they gNe a true and fair ol the state of affairs of fv charitabje tL¥npBny and ¢A its tra1j rwJI aTrJ aFVIatrOn of resources. including its income and expendibjre, for that perKKJ. In wepariTrJ these finarKial statements, the tn&ee5 are required to.. selert Sultsb C¢AInn9 wAi¢ie5 arKI them obseNe rnethcJs aTrJ prinopfes in the Charilies W; . make judgements and ¢stonatts that are reaable aTrJ pnthrt state whether applKable UK AccountsTrJ siandards have be fclrjyed. swbprt to any maten.al departwes dixb5ed expI3ined In the fina1 ststerrerts.. and prepare the finandal knents on the gc#ng corKern b3S5 unlE5s it 15 WhlFWWiate to wesw thèt thE .tharitable company continue in is¥ The trustee5 are resporfyble for keeping alequate accounb"rwJ rttords that a fftnt to strw• aEKI explaln the charitsble companys transactions aThl dithe rets)naL4E &racY at any tirne the financial p0sC of the tharitable cvmpany and et4e them fo enswe that Ihe finaMOal ststerrrnts Comp with ComparMe5 Art 2006. They are re¥ble for safeguarding assets the chdritrble company and hen for reasonab steps forthe prevent aThJ dete(twM of fraud aThJ cther ryllanb" Approved by ihe iTUStees of the tharity w 30 NrNember 2022 arwj sgngj rts behalf by: Mr K Olawe Trustee
Southbank Enterprise Trust Ltd Independent Examiner's Report to the trustees of Southbank Enterprise Trust Ltd I rewrt on the accounts or the tharity for the year ended 31 March 2022 vthich are set out cffj ge5 5 to 12 . Respecti¥¢ responsibilltl•s of tn and examiner The trustees (who ary also the diTert$ Lrf the comparty fry tr wpjses rf compjny law) are res)nSle for "the preparation of account& The tnjstees ccKNler that an aLKkt nct required tr thls year urnler secti1 144121 of the Charits85 Aci 2011 (the 2011 Att) and that an independent examinakn.on is reeded. Having gtr"srd fflyse that charty is rbt W to ccffipary law aThJ s ekgible for iTrJepeTrknt eXaminatic. it is rny respcnsibility to: exarnine the accounts under sedNJ1 145 rftt 2011 Ac¢ to follow the procedu laKJ down guY31 [krectiL gwi ty the Charty Cunmission uThJer secb.on 145(5)Ib) of # 2011 kt. and asls of independentexamlnerfs report My exarninatKJn was camed out in aCCcdae wth gerrn5 Liredicrt)s gwen by the ljwrty commisn. An exarninatN)n IldeS a leW of the xCounts. rordS kept by the d)ailty a1 ccmparison of the attounts preserted those recor It alw ilLdeS consMlerd¥w of any unusual rtems (w disdosures in the amftts, and seekn.ng exptsTh3b"cts from you as trteeS ConmIng arry 9xh fflatts. The u[rtaken do not iyovide all the edence that v)ukl be requited in an audit and Cseqnty rK) Opinic is given as to whether tte accounts present a and fair the reFQrt is Imrted to Ihjse mattr.rf5 t out ill thE atement below. Independent examinerfs stmert In coMecttc4) with my examinalK, no maiter has come to my attentirm: 11) whith gwes me reasonat4e cause to befie¥e that In ary material re5FeCt the reqUIrts. . to keep accounting records in acccfthrre secknon 386 d the Ccwanies Att 20C6' and . to prepare accnts whith acccd wth the accountirKJ records, compty wih actOUAting requirements section 396 of the Can[eS Act and wrth a1 prirripks tt 5tatemert of Recommendal Pra¢ltce: AccountiNJ and RepytiNJ ty (jae$ not teen (2) tr which. in my omryon. attert SW te in oth to enatle a prrw understsndir¥J d the aCcJnts Uthman Kay Lh3rtered Certs"fd ktountarts finsbury Park London N4 2DA 30 Novemter 2022
Southbank Enterprise Trust Ltd Statement of Financial Activities for the Year Ended 31 March 2022 (Including Income and Expenditure Account and Statement of Total Recognised Galns and Losses) Totsl 2022 T¢)tsl 2021 Inme and Endo¥mients frnm: Cther Incorne 12 Tctsl Ine 40 612 12 Expendlture on: RaThj lunds Charitsble adM"I*s {34,325) 718 4,325) 124,458) Tctal EXliture Net incomellexpenditure) Net movement in fuThJs 2.$69 2,569 13,676) ' Reconciliatlon of funds Tctsl funds brought forward Tctal fvnds cartd lorvHd 14 ofthe charity's Ktmtres derive from cortInTrJ cytrattsls the aLThe two The fun(ts bakth)n for 2021 is In note L4.
Southbank Entery>rise Trust Ltd (Registration number: 04464386) Balance Sheet as at 31 March 2022 2012 2021 Fixed assets TaThJit4e assets io 48.239 51.957 Current assets Debtor5 Cath at bank and in harnl li 2,688 2,688 742 4.752 3,430 Cfedltors: Amounls falling due withln one y 12 950 Totsl asets less current abIlli1eS 50511 52,907 Creditor&. Amounts falling due after movethan ¢)ne year Funds of the charitr. Unrestsi(ted income funds unstricted fuThJs Total funds 14 For the f401 y ending 31 Mwch 2022 the thanty was enlled to exempt#)n frcth aLklit r setn 477 compan Act 2006 to gIMI ccrfnp•ie& Cire¥ rwrffjibiles. membeys have Tr)t required tre to cain an awlt cl its acccrtmts fry the year question in cordance with section 476; aThl to accounling rordS the prepaRtiM of actwnL These accounts have teen On a(CE apwrK3b subject to the Smal companles regime. The financial ststements on p4es 5 to 12 ve the tnJees. aThl athl5 ts Issue on 30 November 2022 ar¥1 sige on their telo¥ by.. Mr K Qmwe Page 6
Southbank Enterprise Trust Ltd Notes to the Financial Statements for the Year Ended 31 March 2022 I Charity sta$ The charity is a tharity limited by guarantee dces not have Sha capbl. Eath of the is to contribute an arrKJnt rK exceediry £1 towards the awts of tharity in the evert of liquidatim. 2 Accounting poli¢ie5 Summary of slgnlficant ac¢wrrting poli¢ies and key a¢Lwnting esiimates The principal aOnIing pc4ioes in the pwaIBb"C of these financkil StaterrtS are Set out tekn¥. These pdioes 14i¥e teen (S15tenY to al the jr5 erted. th)ss cknise ated. statementoff u>mplian¢e The finJn(ial siatenEnts have toen yepared in with kcountiryj and Reptyiing by Char(tles: S13tement of Recommended Practke appfK3b to charibes prepariTrJ Ilw ac£ounts in accordance with the nanaal Repcting StsTKtard apF4tsble in the UK and rA Ireland (FRS 102) (effective l January 20151- (Chartes SORP (FRS 1021), tt Fina31 Retyb"TrJ stsndd appble the UK aThJ of IrdaTrJ IFRS 1021 and fv CrynpanE5 Act 20C6. Basis of preparation Southbank Enterprise Tn Ltd nets cl a benrfrt tity uThJer FRS 102. Assets aThJ liablits are inith.alty recc4Jnised at h&oital cost or Ivandic Val le8 rIhuwi siatEd in the rdevJrt attounting tlic¥ Th)te& Goin9 concern The tru#ees cons#ler ttt tlwe ère matenal urKertainbe5 atvjt the chanvs abw to continue 35 a gThr¥J CceM nor any signfficant aw5 of urKertainty that affett caThj value of assets held ty the tharity. Exemption fr(*m preparing a osh fl¢)w slatement The charity Wed to earty adopt lletsn I publthed on 2 Felnwry 2016 IHve thereth r¥)t iluded a cath flow Statennt In te financial 51aternents. Income and endowments Rertal inc¢me Expenditure AJI expertdrture s recognised once there is a W ¢x con51nth obtytion to that expenditure. it is pL)bable S&ernent is required aTh1 the rnnt can be measlred rdabty. cosL£ a alkyated tD the 6ppkaL4E expenditure heading that aggregate similar casts to ttkif category. WtrErE Costs cannot te direcdy atbuted to parkncular headings they have teen akKated cffj a bass con9Stert with the use of Ips. with Central staff co#s allocated on the bags of time sper( aTrl depreaatsl tharges alkoted on the of the asseys use. ' Other costs are alkxated based the sweal rf staff cost
Southbank Enterprise Trust Ltd Notes to the Finanaal Statements for the Year Ended 31 March 2022 These a co4s incutTed in allraLtry vduntary tr nK?nageitt c4 investsnerts and its)se Incutted In tyIng atbvIt that r•tse fu15. Support cos indude funth.ons and have Lw7 ak(ated to c05t rategcoes on a basis cStsnt the of resources. fijr wmtAe. alk(atirwJ co95 ty IlcKJr or per caF4ta, staff costs by the lime snt aThl costs tMYr wge. These indude the costs aiiritthble to charivs valh consbth.onal and ststuw rewirements, udg strategic mawunpJrt aThl Ine&S aThJ lMIjrSed Taxation The charity is cfjngdered to pass the tests sÉt cojt In paraph I Schedule 6 the Finance Art 2010 arKI t1refe it meets the defin cl a tharikt4e company for UK tax PWFrf)5e& knrdingly, the charity is potenb.ally exempt from trxa in cl income or camol gains received within categories Covera by thaker 3 Part 11 the Tax kt 2010 or Secbcn 256 of the Taxab'on of Chargeable ins Art 1992. to the extent ihat SLth irKome or gaIr are app eXd( to thar((able purposes. Tangible fixed assets lfftaividual fixed c05tiw £5.(¥ LY we reccded at cos¢ less subseqLnt acamukited deixrffathjn and sthequert ryairrrnt Depreckitsjn wovided on tsngble f1 assets as to lte off the cost or IrdIuatic, less any estirnated Asset class offi EQpmert LtKId Improvwnents straht line- 25 Stsatght line- 5% Trade del Trade debtcKs a nts due from for Thwthandlse 511 the lInary cc¥Je of t#J5irss. Trade debtS are rec(MJnid iThb"alty at trice. sub5equerth measured at 4mrllt45eiJ cost using the effecbve intwest method, less for imp1 A fty impaimnt of tnde debtors Is established when os C)tiVe charity 7AiII not be alle to cc41ect aTh amolmts due acccrfding to the original tems the (eat. C•sh and equivalents Cath and (ash eqwalents rash on 1¥3nd aTrJ can aThJ ots shcrt-tenn highty Iyuld inVestrts that are adi ccfftvewtible to a kw*m alrUt of cath aTh1 are subiett to an irsbjrnficant rbsk of thange In
Southbank Enterprise Trust Ltd Notes to the Financial Ststements for the Year Ended 31 March 2022 Trade creditDrs Trade ¢Jeditors are obl1)n5 to pay fcf woJ5 or SeS that ten acquwal in ordlnary courye of business frryn suprAiers. Accounts poyatrAe are da59fd as cunent kat#lies * tr charity t)es not have an uncondthnal right. at the end of the repytiry perKd. to defer settbement of the uedrtor for at least months after the rewrb'ng dale. tf there is an urKOndftal r¥Jht to dder for at kast m¢xrt after the reting date. tY are presented as non<urrent Ikablrtis Trade creditols are reCognd w4b.alty at tr arxl suwuertty ffEaswed at amorbsed c05t uyrvj the effective irterest metkd. Fund struthre Unreslntted irKc¥ne funds are gvterdl funds that are avaikit use at the in furthelan of the objectives clthe tharity. 3 Other In¢om• Totsl 2021 Totsl 1021 General Fees and swplies 4 Expen(liture on tal fund5 a) Costs of trading activiti funds Totsl 2021 2022 Cther thrett corts for gerYatiry fwd5 Jlc(ated suptKMt cos 2.74B 34
Southbank Entwprise Trust Ltd Notss to the Finanaal Ststements for the Year Ended 31 March 2022 Total 2022 funds Totsl 2022 Totsl 2021 Note £Nil {2021 . £NI) of the abm ex was attrtArtatle to fL aNI £Nil (2021 . £Nill to restrKted fund& 6 Analysis of governance and suppwt costs Governance ¢osls fvnds General 2022 2021 DepreciaDtM. Jr7C and other c(tsts 3.718 3,718 3,718 4SO io
Southbank Enterprise Tn Ltd Notss to the Financ5al Ststements for the Year Ended 31 March 2022 7 Net intomiryloutgoiwj resourc Net incomingl(WirvJ) re9)ur$ for the ar illde. 2022 2021 Dewedation of fixed assets 8 Tntees remuneration and expenses No trustee5, nc ory pewm ctr1ted with them, Tered any vernun from tr* charlty durlng the 9 Taxation The cha¥ity is a iegthred tharity arKI 15 lItf¢e exww frrm taxatw. 10 Tanglble fixed assets Land and Iwildirbgs Furniture and equipment Totsl At l April 2021 At 31 March 2022 61 10 990 10 Depr¢¢i3tion At l April 2021 Charge the year 2.531 7.122 9,653 At 31 Marth 2022 Net 1xk v4ue At 31 Mah 2022 At31 Marth 2021 Iluded within net bc4)k value c4 and tlIdIng5 thve is £NI (2021- £NI) in respect of freed lark1 and buildings and £45,558 (2021- £48,089) in restett of knehc4J& li Debtors 2022 2021 Cxher debto Page li
Southbank Enterprise Tt Ltd Notes to the Financial Statements for the Year Ended 31 March 2022 12 credIto.. amounts falling due within one year 2021 2021 Trade creditows 2.050 430 2.050 430 13 Creditor5: amounts lalling due aftor one year 2022 2021 Bank loans 14 Funds Incoming Resources Balance at 31 resource5 expended March 2022 unrestric funds General 38 043 Incoming Resources Balance at 31 March 2021 UnrestriLted funds 16 Aftal¥ of netfun At 31 March 2022 At l Awll 2021 Cash flow Cash at bank and in ha* 742 1.322 NEt debt 742 1,322 2,064 Page 12