Company ￿l$trab"on number: 04464386
Charity regiStrat￿n number.. IIC#)603
Southbank Enterprise Trust Ltd
(A company lin¥te(1 by guarantee)
Annual Rwt HnarKial Statements
for ￿ Ye¥ El￿ed 31 Marth 2023
*ACJCMXMH'
2811212023
COMPANIÉS H¢WSE
A14
#416

Southbank Enterprise Trust Ltd
. Contents
ReferaKe and Adfflinistrative Detsils
Trustees, Repjrt
ststement of Twstees. ReSF•￿s1b11rt
lThJeFendent Examin&s Rq)ort
Statement of fina￿al Activities
Current Pu¥Jd SOFA
Balance Sl*
Notes to the Fina￿la1 Statements
7t013

Southbank Enterprise Trust Ltd
Referen￿ and Administrative Detsils
Twstees
Mr K aaoye
MrCA&
Principal Office
FIN5PA￿ 225.229
SEVEN $I￿ER ROAD
FINSBURY PARK
LONCQN
N4 20A
Compaffiy Registration Number 04464386
Charity Registration Number
IICW13

Southbank Enterprise Trust Ltd
Trustees. Report
The trustees, who are directors for the pUrFtyY￿ of company Lwi, pYe5ent the annual rewt together with tt
financial statements of the tharitabk company for the yw ended 31 Marth 2023.
Objertives and artivities
Objectsandaims
The relief of P￿erty' trair￿ng, aTrJ s
nefit
Activities undertaken to_fi_jrtPv_p_utAK￿.
The trustees confim) that they have COm￿￿d with the requireffthts of $￿t￿Y1 4 of the Charibes Act 2011 to
have due regard to the tenefit widartt wilithed Charity Commssston for England and Wale&
Flnancial review
The trustees consider that a three months tyratK)nal cost be set aside as reserves in hJrther3r￿ of the its
acbvities.
The annual rewt was aFyroved ty the trustees t* tharity on I C*￿ter 2023 and s￿ned on rts behalf by:
Mr K Olaoye
Page 2

Southbank Enterprise Trust Ltd
statement of Trustees, Responsibilities
The trustee5 (who a￿ ￿$0 the directors of Stxrthbank Enterprise Tntst Ltd for tre pur￿Se5 of company kw) are
Isible for preparing the trLLStees' reFKYt and the financial State￿￿5 in accordan￿ with the United
"ngdorn Accountlr¥J Stsndards (United KJ"rudom Generalty kcounty.ng Practsce) aPF4Kat4e law and
regu￿￿On$.
Company law requires ￿ trust￿5 to pfepare financial 5tstern￿ts ftK e￿ finanoal year. Under cornpany law
the trustees must not aFfffove the financial stater￿ts unless they are satisfied that they give a true a￿fj. fair
view of the state ol affairs of the charitsile ccxnpany and of its i￿orning resour￿ and application of resourw.
Including rts irKc4ne and experKlrture. ￿ that In prepariThJ ihese finanlial srateffl￿ts. the trustees are
required to..
select suitatAe accwnting arK1 app￿ tyvn consthtty:
observe the methc¥ts and prirKiples in the.CharitEs SORP;
make judgements and esbmate5 Ihat are reasonable arnj W￿lent.
stste whether appliCa￿e UK Accounknng Stsndards have tw fdlowed, subject to any material departures
disdosed and explained in the finanaal statements,. and
[ffepa￿ the financial ststements on ￿ wing CO￿ t￿$ unless it is inappropriate to pr￿Urne that the
haritable company Mll (￿tinUe in I￿"ne4
The trustees are responsible for keeping ajequate aLrtyJnbng records that are suffit*nt to show and exFlain the
tharitsble company's transactions and distk%e wth reasonable Kcuracy at any tsme the financial F*)sition of the
charitst4e company and enatle tfr*m to en￿re that the financial ststeM￿ts compty wrth the Companies Act
2006. are al￿ respJnyNe for Safeguardi￿ the assets of the thantsL￿e company atKI hence for tsking
reasonable steps for the lyevent￿l deteLlIC￿ of ard (ts irregLdaiities.
Appmed ty the trLtstees of the on l Decembw 2023 èfmj spjrwj on Tts behatf by:
MT K Olaoye
Trustee

Southbank Enterprise Trust Ltd
Independent Examiner's Report to the trustees of Southbank Enterprise
Trust Ltd
l TeFW)rt on the a￿￿nts of the tharity ts the 31 Marth 2023 whth are set out on pages 5 to 13 .
Resi)e¢ll￿ ￿sPOnSIbl11t1es of trustees and examiner
The trustee5 (who are a150 the tlirectors of the company for the KAjr￿￿$ of company taw) are responsib￿ for
the preparation of the acc(MJnts. The trust￿ CL￿51￿er that an audit is not for this year under se(tion
14412) of the Charities Act 2011 (the 2011 Att) and that an irKlepertht examination is r*eded.
Having satisfied myself that the chanty is not subjett to audit under c(Mnpany law arK1 is eligitde for independent
examination, fc is my reskX)n&bilty to..
examine the ae¢ounts under section 145 cl Ihe 2011 Art;
to fdlow the proodures tknyn in tt* general f￿rectiOnS gNen by the Charity commiss￿)n uThJer section
14515llbl of the 2011 Act. and
to state whether pa￿"cular matters have come to my &ientw)n.
Basis of independent examinerf$ report
My examination was carried out in accordan￿ the grnal 01recbth￿ gr¥en ty the Charity Commission. An
examination includes a review of ￿ accounb.ng records kept by the charity arL(l a comparison of the accounts
presented with those r￿05. It also indth crngderatK)n of any urMJsual thns or d￿doSUre5 in the accounts,
and sethng eX[￿a￿ts"0rS fr(Mn you a5 trust￿$ concem1￿4 any matters. The tK(tedures urKlertaken do not
provide all the eviden￿ that would ￿ re]uired in an audit and cMs8]uently no ownion is gNen as to whether
the accounts present a 'true aNI fair viv* and the re[￿rt is limit8J lo those matters set out in the statement
telow.
Independent examinerfs ststemeTht
En (￿neC￿￿ with my examination, no matter has Cl￿ to my attentiry):
111 which gives me reasonabse cause to W*ve that in any matvial respert the"reqUirem￿ts.'
. to keep accountirvJ rec￿dS in accordance with section 386 of the Companies A(t 2006. aThJ
. to prepare accounts which accort1 ￿th the accixjnb.ng records, with the accLxJnting requirements of
section 396 of the COm￿nieS Act 2CM)6 and with the rnethc4ts arhd prinaples of fv Statement of
Recommended Prath"ce.' Accounb"ng and Re[￿ by Chanties
have Thjt teen met; or
(21 to which, in my opinion, aitentrffi shcyjhj te drawn in c¥der to en&Jfe a prrw undethn(ling of the accwnts
to be reache(J.
Uthman Kay
Chartered Certified Atcwntsnts
225-227 Seven &'sters Road.
Finsbury Park
London
N4 2DA
4 D￿mter 2023

Southbank Enterprise Trust Ltd
Statement of Financial Artivities for the Year Ended 31 March 2023
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestricted
fvnds
Total
2023
Total
2022
Income and Endowments from:
Other income
Total Income
Expenditure on:
Raising ftjnds
Charitable actNib"es
(29.639)
(29,639)
(34,325)
Totsl Expenditure
Net income
Net movement in funds
2,029
2,029
2,569
Reconciliation of funds
Totsl fijnds brought forward
Total fvnds carr*d fO￿ard
14
All of the chantys activities derNe from C<￿tin￿n9 c¢*atiMs f*Jring the atthE WiC¢Js.
The fvnds breakdown fw 2022 is thovm in note 14.

Southbank Enterprise Trust Ltd
(Registration number: 04464386)
Balance Sheet as at 31 March 2023
2023
2022
Fixed assets
Tangible a￿ts
io
44.521
48.239
Current assets
Debtors
Cath at bank and in hand
li
2.688
10,650
4.752
Creditors: Am¢wDts fallln&i due w61triln one year
12
Net current assets
Total assets less current liabillties
46,993
50.511
Creditots: Amourbts falllng after more than one year
13
Net assets
Funds of the tharity:
Unrestrirted income funds
Unrestricted
Total fvnds
14
Fry the financh?l year ending 31 Mwch 2023 the tharity was to eX￿￿pt￿Jn frcffi audit urKler secbon 477
of the Companies Art rdabng to smll ctynpanies.
'rfws' res￿l￿bIlities.
The Mem￿￿5 have I￿￿t req[1￿￿ the charity to obtan an audit of its accounts for the year in question in
accordarKe with secb'on 476;
The dirertors acknovAedge thwr re$[L￿"￿.1rt￿s for C￿￿p￿.ry Tpnth the rawirements of the Art wrth resFett
to accounting ￿ordS and the pTeparab'(x) of accoun
These accounts have be•) prepared in the mis￿$ apr4icatAe to cunpanie5'5ubJe¢t to the
small companies iegime.
The finanoal ststements on page5 5 to 13 wrte apwo¥ed by the trustees. aThJ auihorised for issue ￿ I
December 2023 and sw4ned ￿ their LEhalF ty..
Mr K Olaoye
Trustee

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
I Charlty ststus
The charity is a tharity linNted by guarantee and consequentty does not have share captsl. Ead) of the trust*s
15 Irdble to corkn.bute an amourt exceedry £1 towarits the assets of tr* charity in the *Mnt of lffjuKlati¢Jn.
2 Accountlng pollcles
Summary of significant accountlng poliaes and key accounting estimates
The principal accounting pJictes appli8J in the kwration of finanaal statements a￿ set below.
T￿ Folicie5 have teen congstenty apFI￿ to all ￿ years We5￿j, unless otherwise stated.
ststement of compli•nce
The finanoal ststements have t*en tKepared in ￿cOrdan￿ Accounb"ng arhj RewJrtirKJ by Owribes:
Statement of Remmmended Practi￿ *Kable to chanties ple￿i￿r￿j their accounts in accordan￿ with the
Financial Reporting Stsndard applicabte in the UK and Reput4￿ of IrelaTrJ IFRS 102) (eff￿￿'ve l January 2015) -
{Chorities SORP (FRS 102}). the ￿na￿la1 RewtThJ StaTk1ard apr4icat4e in UK Repullic of IrelèrMI (FRS
L021 and the C(xmpanies Act 2006.
Basis of preparation
Southbank Enterprise Trust Ltd rrEets the defin￿"on of a benefit entity uThJer FRS 102. Assets èTrJ liabil￿
are initially ￿￿j￿iSed at historical cost or transaction Val￿ unkss otherwise stated in the relevant accountiNJ
Going concern
The trLKStees consider that there a￿ matrn.al uncertainties atrKJut the charity's ability to continue as a goiThJ
COn￿M nor any svJnifKant areas of u￿ertainty that affed the carrywwj value of assets hekl by the tharity.
Exemptlon from preparing a c•sh flow statemert
The eharity Opted to earty &lopt &Jlletin I pubhtsj on 2 February 2016 and have therefore nc* Ind￿led a cash
flow State￿nt in these financol statements.
Income and eTrdOw￿ts
Rental income
Expenditsre
l expenditure is recogTh5ed once the￿ is a legal or (￿StnI(b¥e ob1v4ab"r￿ to that expenditure, it 15 probable
sett*ment is requi￿ and the amount can be rnea￿￿ rdiably. All costs are alknfrd to the ap￿iCable
exFenditure l)eadirvJ that aggregate similar costs to that catrgory. wThe￿ costs Can1￿ be dir￿ty attributed to
particular headings they have teen alk(ated on a bass cor>gstent wrth the use of re￿UrCes, wrth central staff
costs allocataj on the bags of time spenL aThJ deprtiiatiffi (harges &kKoted on the wrb.on of the a55eY5 use.
Other SUPFQrt co￿S are allocated based on the sweJJ of stsff cost&

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Ralsing funds
These a￿ co*5 incurred in attracknng ¥oluntary income. the marI￿nt of lrwestr￿ts and those incurred in
tradin9 artivits.es that raise funds.
Charitabk ￿)￿11tUre ccwnprtses costs I￿vr￿d chaity in the delivtry of Jts activit*s and servi￿S
for ts benefriaTies. It indudes costs that can be albxatoj threttty to 5uth activttie5 and those costs of an
indirett nature'necessary to 5UPF4Jrt them.
. Support costy:.
Supp(¥t costs include central fvnctths and have teen allc(ated to actmty cost categories on a basis congstent
with the use of resources, for examth, allcKating property coys by flwr area5. or Fer eapita, staff costs by the
tsrne sFent and other costs by their LL5age.
Governance costs
These include the costs attriiMJtable to the charivs cc¥npliance with [￿StItu0¢y)al statutw requirements.
indudrng audit, strate9ic Mafiageft￿t arkj trusteess meeb.ngs re￿m￿r5ed expenses.
Taxation
The charity is constdered to pass the tests set out in Parngrdk41 I S¢hthle 6 of the Finarte Att 2010 and
therefore it rneets the defrnitKm of a Charl￿Ne company for UK ccw)raD"oii tax purrx)ses. Accordingly, the
charity is potenb.jlty exempL.frcm..iayation in-re5m of incor￿. or. capitsl ijains received within. cate9r)rie5
covered ￿ Chapter 3 Part 11 of the CorKxNab"on Tax P£t 2010 ￿ Section 256 of the Taxats"Thi of Chargeable
Gains Act 1992. to the extent ihat such irKorrE or gaiTr5 are applied exdusivety to dwrtstAe purpD5e5.
Tangible fixed assets
lTrJividual fixed assets cosb"r#J £5LK).￿ ty Thye a￿ inkn"alPy recordal at cost, Itss any 5LOs8went accumulated
dep￿C￿￿t￿ and subsequent accumukted imparmient h)sse5.
Depret4ation and amortisation
Deprenab"on Is provvjed on tang'ble fixed assets ￿ as to write off the c05t or valuation, less a)y estimated
residual value, over their expett&l useftd economjc life as follows..
Asset class
OffKe Equiprn￿t
Leasehold Improvements
Depreciation method and rate
Straight line- 25%
Strai9ht ￿ne- 5%
Trade debtors
Trade debtors are amounts due fr￿ (￿t0￿￿ for nvchaThlse sokl or setyi￿ ￿erf￿rn￿ in the ordirtsiry
course of business.
Trade detknrs are recogni£aJ initialfy at the trawtion are SLtsequenUy meagjrey at amth.sed cost
using the effecbve interest methcml, less WO￿On for impairrnent. A provi%on for the Trmpairment of trade
debtors is establisw tlwe is obiectyve evxJwKe that d￿ftty will not ￿ abk to coll￿t all amounts due
according to the original terms of the receivat4es.

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
Cash and cash equivalents
Cash ènd cash equwalents comprise on harn1.￿d call OerKsts, and other shcrt-tem highly liquid
invesunents that a￿ readily converb'Ne to a known arrKJLFnt of cash and are SUbj￿t to an insi9ntftsnt rlsk of
change in value.
Trnde credito¥s
Trade credf(ors are oblNJab"ons to pay f(* gc(¥ts or seNices that Ikive teen ￿Ul￿e￿ in the ordinary course of
business from suppliers. Accounts payable are ck7s9f￿j as wrrent lia￿lIt￿ if the charity does not have an
vncondifion* righL at the end of the reporbrwJ perK(F, to defer setVerrenL of the crejitor for at least tsydve
I￿nthS after the reporting date. If there is an unconditional right to defer selllerr*nt for at least iwejve rn￿thS
after.the repo￿ng date, they are pre5enied as n￿-CUrrent lthditi"es." '
Trade creditors are recoJni5ed initilty at the ￿$aCt￿)n price arkl gjbwuently measLtreJ at amortis8J cosi
Using the effecti￿ ￿t￿eSt meth(Kl.
Ftsnd stwrture
Unrestrided income fvnds are ga)eral funds tlwt are avalaL* for use at the tnthes's dwetson in fijrthernnce
of the ob]"eLtves of the tharity.
3 Other income
' fund5 '
Total
2023
Totsl
2022
Fees and 5UF¥dies
4 Expenditure on raising luNIs
a) Costs of trading artivitses
funds
Totsl
2023
Totsl
.2022
kxated suppw)rt costs

Southbank Enterprise Trust Ltd
Notes to the Financial Ststements for the Year Ended 31 March 2023
funds
Total
2023
General
Note
Allfxated supp)rt costs
586
586
Totsl
2023
5 Expendi￿re on d￿rItsb1e artivilws
furbds
Totsl
2023
Totsl
2022
General
Allc(ated SuF(￿rt costs
7.103
7,103
ÉNil 12022 - ÉNill of the at￿ve exFeThYrture was attn"iMJtable to uNestricW furK1s anL1 ÉNil 12022 - £NIII to
restricted lunds.
6 Analysis of governance and support costs
funds
Totsl
2023
.Totsl
2022
Genernl
Depr￿at￿)n, arnL%bsation and similar costs
Pwje io

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2023
7 Net incomlnglout90#19 resoiirces
Nc* kncornlng resource5 for the irKlude:
2023
2022
Deweciation of r￿e￿ assets
No tr￿￿ee$. nor any ptrson5 connected them. have arw remuneratK)n from the" ciiarty dunrrfi die
9 Taxatlon
The charity ts a regi￿ered ch￿lty and ts therefcye exempt from tsxaticn.
10 Tangible fixed assets
Land and
Iwlldin9S
Fumiture and
equipment
Total
At I'WI 2022
At 31 Marth 2023
Depreciation
At l April 2022
Charge for the year
S,(￿2
13,371
At 31 March 2023
17.089
Net book value
At 31 March 2023
At 31 March 2022
Indud8J within the net value of land and i￿11d1￿ abm is EN￿ {2022 - ENil) in rwert of freehold knd
and buildings and £43.027"(2022- £45.558) in of leas*Ats.
11 Dèbtors
2023
2022
Cthw debtors
Page li

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31.March 2023
12 Creditors: amounts falling due within one year .
2023
2022
Trade credrtors
Other.treditors
Accruals
2,050
5,698
430"
2,050
43Ci
13 Creditovs: amounts fallln9 due Jftetr year
2023
2022
eank loans
14 Funds
In¢oming Resour￿ Balano at 31
expended
March 2023
Unrtstricted funds
General
Incominy
Resources Balance at 31
expended
March 2022
ilftrestrirted funds
General
IS Analysls of net assets b¢tween fvnds
funds
General
Totsl funds
fJeditots over l year
586
P&Je 12

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March- 2023 -
16 AThalY￿ of net fvnds .
At 31 Maych
2023
At l Awll 202Z Cash Ilow
Cash at bank and in
7.962
Net deLt
2,064
5,898
7.962
Page 13