Conipany regithtb)n nutrt*r: 04464386
Chanty registr￿￿ number: 1100603
Southbank Enterprise Trust Ltd
{A company lim*ed ty g￿l￿rtee)
for ￿ Year Ended 31 Mwth 2024
•IDTRMZ*
0710112025
CONIPANIES HOUSE
•OD1•Jfv15U'
1911212024
CCWPANIES H￿ISE
*65 1
27

Southbank Enterprise Trust Ltd
Contents
Refe￿rKe AdrniTh5trdti¥e E*iails
Trustee5' RerArt
ststement of Trustees. Resp*siknlrfi25
IndeFondent Examinerfs Repjrt
Strte￿*￿t rf ￿nar￿al AclMb"es
Current Perxxl SCFA
Balance Sheet
Noies to the Finarwl Statements
7t012

Southbank Enterprise Trust Ltd
Reference and Administrative Details
Trustees
Mr K Claoye
Mr C Akar*Je
Prindpal Office
FINsPAI￿ 22>229
SEVEN SI￿ER ROAO
FINSBURY PARK
LIJNI
N4 2DA
Company Re9lstratiort Number 04464386
Charity Reoistratloh Number
IIOOE4)3

Southbank Enterprise Trust Ltd
Trustees. Report
The twstees, who are dirertors for the pUr￿)Se5 of cunpary kw. ptesent the arrnal ttyJether with the
ri￿a￿l statements ofthe.chartabk ccffipany fy the year eTrJed 31 Marth 2024.
Objectives and artivitits
The relief of poverty, trawwrq, aThl rEntal slWe>
PublKbenéfit
Activit*s undertaken to furtheT public be￿t
The tnJ#ees confimi that they have complied the wuirements of settN)n 4 of the"CharIt￿ 2011 to"
)ve due regard to the put￿￿ benefrt guKlance published by the th)rity ctynmis￿n for ErYJland and Wales.
Flnancial review
trusiees conshler that a rrnnths co& be set tyje as rese*ves in I￿t￿nce of the its
actwities.
The annu￿ rep)rt was apprrNed by the tr￿leeS rl tr* thaity on ..
.. and 9gned on 6ts behaw bv..
Mr K (Jaoye
Trustee

Southbank Enterprise Trust Ltd
statement of Trustees. Responsibilities
The trustees I￿0 are akn the directors of Souihbank Entefprise Tru* Ltd for the pwpo*s of company lawl are
sponslble for preparing the tsustees. repcrt the fina￿￿?1 *aterT￿ts in accoldar￿ the Unfjted
Kingdom Accountr"ng Standards IUThted ￿.￿Jd0M Generalty Accepted Accounb"n9 Practi￿> and )ppliEabte Law and
regulations.
Compary law require5 the iru5tees to pryre finamal 5t3temerts for eath fjn3ncial year. Untler company law
the trustees must ￿)t approve the financial statenws unless a￿ SatI￿led that tW gNe a true and fair
ew of the state of affairs of ￿ charitable crynpany aThl c< its irKwiiThJ re9)Ur￿ and aF?J41ty"¢￿ of resources,
inclvdiwwJ its income arKI expewkliture. for that FeritKI. In wepariThJ these finawl stÈternents. the truth5 are
required tri..
sektt suitatAe accounti￿j pcdicres aThl arp* ihem c￿Ss￿ntI￿..
obseNe the rnethtrjs arxl P￿n0p￿S in.rhe cforrt*s SORP;
make judgerwiLS aThJ ethmates that are rea9xobk arm1 prlthnt:
te whether applicabk UK ￿Counti￿ Stsr¥Jards have t*en fdlowed, 9Jbject to any matttial departures
disch)sed and exr4ained in the financial ￿aternents. and
prepa￿ the f￿andal statements cffl goir¥J C￿￿ffl ba9"s untess inapkyopriate to pre5Lrne ihat tr
charitable cc*npany win continue in bU￿r￿.
The trustees are respon9b￿ for kewn9 a1equate accounb.rrfj records that a￿ suffK*nt to S￿>W and expbin Ihe
haritsble company's transadlons arxfj discjose with reasor4ible èccurary at any b'rre the fin￿0a1 txisjbon of the
charitsble company and enable them to ensure that the finaroal #aternents compty with the Compar*es Acr
20C6. They are a19J reSpO￿lbIe for 5afe9uarding the as*ts charitable ccxnpany and for taking
rea￿na￿e steps for the k¥evention and de￿n c4 fra￿j aThl cther irwukirib
Approved by the trustees of tr.e dwrity on .. ...... ........
and >Jned on ts bthaff fy":" -
Mr K Otsoye
Trustee
Page 3

Southbank Enterprise Trust Ltd
Independent Examiner's Report to the trustees of Southbank Enterprise.
Trust Ltd
I T¥￿t on the accounts of the thanty year eTrJed 31 March 2024 whth are set pages 5 to 12 .
Respective responsibilities of tTUStees and exarniner
The trustees (who are also the directots of tt* company for the purp￿￿ of company law) a￿ respcwbte for
the preparati￿ of ts a(C￿nts. The Iw*es ccngder that an aLK1rt is not required for this year urbjer *ction
14412) of tts Charfties kt 2011 (the 2011 Act) arnj thai an examinath)n Is needed.
Hawng Sati￿e￿ my%tf that the charity is r￿1 g*Ject to audit uThJer ccffjpany law aThJ is eligible for iThdepEndent
examination, it Is my re¥KJrwbility to..
examw* the accounts uThJer sectlon 145 d the 2011
to follow the prcLedures laid ¢*Jwn in the t*ectyorts gNen by ihe Charty Cc*nrnissiM under seth(
14515llbl of rhe 2011 Act; aThJ
to stste whetrtr parttCLAar matters ccv¥* to my atte￿￿￿.
Basi5 of independent examinees report
My examinatyon was camed otst rn accL¥dan￿ wilh ger*ral DirertiOn5 gNen by the Charity COmmi￿Oft. An
eXarninab￿ irKludes a wiew of accountsThJ rectyds kept by the clwrity aTrJ a comparison of the xcc4Jnts
presented with those records. li also incllkn con5KJeration of any unusual rtems N discbsures in the accounts,
and wkJ"r#J ex9tsnati¢￿ frryn yryj as trustees CO￿[nINj any suth rnatters. The pr(￿edureS undet7aken do not
provide all t￿ evNJerKe that w(yJkJ be requiod In an and £onSeq￿￿tty no w'nton is given as to whether
the accounts present a Yrue and fair ￿port s limrted to those mbttws set cwjt ts) the stateffient
tel¢￿.
Independent examir•er's statemert
In conneLtion v4rth my exa￿￿natiOn, no matter has come to my attentw..
jl) which gives me rea50pat￿e cause t-o.W*ve'thal in any This-:erial re*tt the W4uirem?nts'.
. to keep accwnting records in aCc￿dan￿ th sectKJn 3BS of Companie5 ALt 201￿. aThJ
to prepare accounts which acconj the accoJnbrvJ records compty with the accounting requirerr*nts of
sedhx 396 of the fynpanies Art 2(￿ aryl ￿th the meththts and" Pri￿lpleS ￿ the Statement or
Recomrrended Pr&iice'. Accountiro and Re￿￿n9 by Charibes
¥e not been met; or
12} to whKh. in my opinic￿, attent1￿ be (kawr) in wder to enabk a prw ￿lerS￿t￿li￿j of the accounts
to be reathed.
Chartered Certffied P£cwrtsnts
22S-227 Seven s'stsrs Road.
Finsbury Park
Lwdon
N4 20A
Date".
e4

Southbank Enterprise Trust Ltd
statement of Financial 'Activities for the Year Ended 31 March 2024
(Including Income and Expenditure Account and Statement of Total
Recognised Gains and Losses)
Unrestrirted
funds
Total
2023
2024
Income and Endowments from:
OV*r incorne
rotal IKome
48
io
Expenditsre on:
RaigThJ funds
Chantable ac￿￿t￿5
{44.067)
{44,067)
129,6391
Totsl Expendth
Net lexpendrturellirtome
Ner movemenr in fur#1s
15.3731
15,373)
2,029
Reconciliation of funds
T¢Xal funds brought f()￿ard
Total fvnds ￿rrIed fcThard
14
All of ttie charitys actwtties derNe from conbnuirMJ r•uab￿@dUr￿￿J ￿ atrxNe ts¥o petiC#iS.
funds b￿akdOwn for 2023 i5 SI￿ in note 14.

Southbank Enterprise Trust Ltd
, (Registration number: 04464386)
Balance Sheet as at 31 March 2024
2024
2023
Note
Flxed assets
TaNJible assets
io
40,803
44,521
E*btors
. Cash at bank and in haThl
li
2,688
12
2.?DO
10,650.
Creditor&' Arno￿ts fallitsg due w•thin one ￿r
12
Ilet currert (li)bllities)la%ets
Total assets less turrert l•abilities
35,325
46,993
Creditor&" Amounts falling due after more than one v
13
Funds of the charity:
UnrestriLted inc<*me fvn
Unrestn'cted funds
Totsl funds
14
For the fInanc￿ year eThJiThJ 31 March 2024 the chwjty was enbtled to exempDon frcffl a￿111 ￿ter Se￿On 477
cl Companies Act 2006 rdats"Tr4 to smal t￿n￿$.
The members have not requirtd the chwity to Ob￿ of ts accourts for ￿ yw in q￿St￿)n in
accord4n￿ ￿th section 476. aThJ
The diretto￿ aCkn￿￿dge for cr*rWyiry the requirements of the Act with respert
to acCoun￿rIj records and the wepmknn of ac￿Jrt>
These attourts have been prepared in ac£ordarKE with ￿￿19- apF4Kabbe to companies 5ubiert to Ihe
smam ccryanies regime.
The finarrial ststements C￿ p•]es 5 to 12 were aw¥wl ty the trugees, authon*d for issue L¥)
. arKI signed bei4f i)y:
Mr K Claoye.
Page 6

Southbank Enterprise Trust Ltd
Notes to the Finandal Statements for the Year Ended 31 March 2024
I Charity statss
thority is a charity limited by guawantee a￿1 corwuentty dr￿5 have glare caprtal. Eath of the trustees
is Ih)ble to cartri￿lie an amount nrt exceedw¥J £1 towards ttle assers of the dmrity in the event of ￿qUKIotK>n.
2 A¢counting poliues
Summary ol sl9nificart accounting policies and key accountin9 estimates
The pnncipal accounting pol￿e$ appl￿0 in the preparatL(m of finanoal slatenErts art ￿t ¢xrt below.
These p)Iws have t*en con9Stentty aFvl*d to all years preserted, wikss rAI￿lse aated.
statement of tompllance
The fina￿Tal 5taten*nts haye been ￿epa￿l in acC￿tsr￿e with Accountirwj aThJ Re￿￿til¥j by Owrit*s'.
ststeft￿nt of Recomrnef*Jed PractKe applKable to tharilies preparing their accrNJnts in accordance with the
nancial ReportiThJ StsThJard aF¥AicaWe in the UK arKI Rv5￿41[ of lthrKI IFRS 102) leffeLtive l January 20151-
(Charitses SORP IFRS 10211, the Fina￿￿11 Rer*yt"ThJ stsnda￿ ￿p￿able in ￿ UK and of freland IFRS
102} aTMI the Companies ALt 2006.
Basis of prepar*ion
Southbank Enterprise Trust Ltd meets the ¢Jefintrm of a pthic benLfrt entity under FRS 102. ?nd1obllits"es
are inifialty recLNJnised at historical cog or trans3ctiM vhlue unkss ol1￿￿e stated in the relevant ￿cOUntIng
pdicy rMJte5.
Going Concern
The trustees consider that there are no material urThi3int*s atKyJt Ihe thartys abdity to conts.nue as a g¢ing
COn￿M rw any ggnificant a￿aS of uncertarnty tt￿t affed the (artwTrJ value of assets Iteld by the charity.
Exemption frnffl preparin9 a cash flow strtement
The charity earty a(k)pt Bulleb"n I publshed on 2 Fetruary 2016 awKI have Ihereffft not 1rt1￿jed a rash
now statement ￿ these fina￿￿1 ststements.
Income and endowrnents
Otherincwi
Rental income
Expenditure
All expendiiure is recr*Jnised orKE tThe￿ 15 a leg* or con#r￿live obIgat￿ to that expenditvre. rt is prOba￿'e
settkment is required and tt* amount can te measured reh"ably. costs are all(￿Aled to the applicable
expendrtwe heajing that aggregate %milaT coAs to that cate9w. •m￿re costs cannot be directly aitributed to
particular headings lthey have toeTr allc(ated ￿ a ba$s cons&ent with tr* Lse of resour￿5, with central staff
costs alkxated cffi the bags of time srent, and tharges alcded on the pJrtion d the a￿VS u*.
Othef SUPPYt a￿ alktsted based spread of *aff CO￿

Southbank Enterprise Trust Ltd
Notes to the Finanaal Statements for the Year Ended 31 March 2024
These are costs inamred in attracb.ng rKorr£, the man)%meT* of investments and those irKutTed In
trèthng acti¥f(￿S that raise ￿[￿*
04iritsbfe exrEn(liiure Lrynprrses those by the chanty in the delNEYy of tts attivities and seThKes
for its benefioar￿s 11 indudes Lth rosts thal can te alk￿ted d1￿C￿Y to such artwib.es Ihose costs of an
indirert Tra￿Te netessary to suppyt Il*m.
Supwt costs .
Supm Costs i￿ude central functH)ns arml have been alk<3ted to actiwty cost taiegorEs on h ba&s ccfftystent
with the use of resour￿, for example, alkKaiThJ pr(Wty costs by Ikx* a￿a5, ￿ rer catxts. stsff costs by the
tTrTr* ￿n[ a￿1 rAher c051s by their vstye.
Governance costs
These I￿lude the coAs atIn.b￿tIe to the chth5 tm?liarKe ￿s￿t￿￿"0Tra1 ark1 statutory ￿￿lfernents,
nduding audrt, 5tratew manwJement aTrJ twstees's meeiings ￿1Th*#Jrr￿d ex￿ls£s.
Tax•tio
The charity fs conshjered to pass rests set in PatBgraph I SchethJle 6 of the F[Tran￿ Art 2010 and
therefore rt meets the defIn￿"On d a charitable company fLY iJK c￿oratIon tax purpose5. Atcordingty,
chTitv 1% Mtenbally exernpt frryTh tsxats.(￿ in iespLft of i￿ome or capthl 9ains rKeNed r3tegorte5
covered Chapter 3 Part 11 of tl* Corporati¢)n Tax Art 2illO OT Sects.￿ 256 of the i axalion of Chargeaixe
Gains Act 1992, to the extent that such irKome or 9aW)s are appled exdugvety to charitsbie purk¥)s
Tangible fixed assets
Indi￿dY31 fixed assets co*"ng £500.1￿ or nKYe are retorded at cost. kn any subsequent &cumukited
Depredatlon aftd amorti$￿A
DepFeciabon 15 provukd on taroible fixed assets g) as io write off ￿ c05t or valUa￿n, kn any e￿Mated
resdual value, over tha"r expected useful eCor￿¢C hfe as 1thl)ws.'
Asset clas5
Office Equipmth
Leasel*4d Improvements
Depreciation method and rnte
StravJht line- 25%
Trndtt debt￿9
Trade ¢Jebtor5 are arrK)unts due frcm ojsttsws 17￿cha￿lse 5dd or sewwces perf¢jrn￿d 41 the cnlinary
CoU￿e of bugness
Trade debtor5 are recLy)n￿￿ iwwliJty at Il* tr￿sart￿ r￿￿. Tfv a￿ gJbseouentty measured at amortjsed cost
Vgrvj the effectNe irterest rnethcxl. less prow>￿ f¢y impaiment. A provssion for the impaimient of trade
debtors is e51ablisW when there Is cèJeLti¥e evthKe that the wiu not ￿ able to crAlect all aMo￿ts di
acuKding to the ¢Niginal terms of r￿l￿al*S.

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
Cash and cash equivalents
Cash and cash eqwal￿ts coryise cash ￿ haryl arbj caTr ar%1 other short•terrn ￿￿1?1¥ IVI￿d
e5trr*nts that are readity ce4iv•tit4e to a kwn amwnt of cash awKI are subiett to an insvjnificant rigk of
change in wa￿e.
Trade creditt¥rs
Trade creditors are ￿lgatiOnS to pay lor gcxjts or semces that have been ¥quired in the OTdinary course of
buslness from ￿pplie￿ Accounts Payab￿ a￿ das9ftd as current liabilitses rf the d)arity does not have an
nconditi￿al right, at the end of the rep￿tir¥j rencxj, to defer settkment of the credrtor for at least ts¥elve
months after the ￿p(￿lThj date. If there is an urKrmd*b(Xkil right to defer settknient fw at lea¥( h¥elve months
after the Ter￿ting date. ￿y"are posented as rth-cwrent liabil￿.eS.
Trade creditor5 a￿ ￿L¥J￿Ised initi&ty al ￿ tTansacb"(m p￿e and subseouenty rreasured.at amrmtised cosi
Fund strnrture
Unre51ricted income funds are general that arr avalaNe for use at the I￿￿tee>S disoetil￿ in furtherance
of the objecbves of the thath.
. L•nrestrithd
Total
2024
General
2023
Fee5 supph'es
4 Expenditure on ralsing fvnds
a) Costs of trading actlvities
funds
Totsl
2024
Total
2023
Genernl
ted supt#Jt costs
Page 9

Southbank Enterprise Trust Ltd
Notes to the Finanaal Statements for the Year Ended 31 March 2024
b) Investment m•wgem•nt ¢95ts
Totsl
2024
Total
2023
ocated suppcrt CC6ts
586
586
Trtal
2024
S Expenditsre on charitsble arti¥itie5
nds
Total
2024
T4)tal
2023
Genetal
ocated suppjrt coas
Governano cosrs
5.898
5,898
7,103
9.616
ID.821
£Nil 12023 - £Nill of the atove expernjitwe was attrilMtst4e to unrestrid& funds and £Nil (2023 - £Nill to
rethtted furmjs.
6 Analysis of govenwftce and sUp1)￿t costs
Governance ￿$ts
funds
Total
2024
Total
..2023.
Depreckiti"Dn. arnC*tsat￿n aThJ simlar coa5
Pa9e io

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the.year Ended"31 March'2024
7 Nrt incorningloutgoing reswrcts
Net (￿tgoi￿)Iw￿ofi￿ng resourtes fLY the yew
2024
2023
fixed awts
Trustees remuneratlon and expenses
No try5tees, nor any per￿￿ cMnected them, have arry remunewatK)n frl￿ the tharity dwing the
9 TaxatioD
The tharity is a registered tha1￿ and is thereftre exernpt fvom tayatm.
10 Tanylble flxed assets
Land and
buildin95
Furniture aDd
equiwTrtnt
Total
Ai l April 2023
At 31 Marth 2024
Depreciation
At l April 2023
Charge for ts year
7.593
9,496
17,089
At 31 M)rch 2024
Net botsk value
At 31 Marth 2024
307
At 31.March 2023
Indwleil Mthin net t*#Jk ￿￿e of laThJ and bJ1*th"t￿ attye t5 £P*I (2023 - £N￿). in resp￿ d freehohj knd
and tNJldirrfJs aTrJ £40,496 (2023 - E43,027} in rest*rt of lease1h￿0*
11 Debtor&
2024
2023
er debt￿5
Page li

Southbank Enterprise Trust Ltd
Notes to the Financial Statements for the Year Ended 31 March 2024
12 Creditors: amounts faming d¥e within one
2024
2023
Trade uedltors
other uedr(or5
Acuuals
8,178
2,0
5,698
430
13 Creditors.. amouhts falling due after ¢Jne year
2024
Z023
Bank loar
14 Funds
Incomin9
Resour
expended
Balance at 31
MaTch 2024
Unrestricted fvnds
General
1th83tO
In¢omin9
Res0￿ree5
expended
Balance at 31
March 2023
Unre5trirted funds
Gener
IS Analysls of net assets between funts
16 An*sls of *etlunts
At 31 March
2024
At l April 2023 Cath flow
Cosh al bonk and in hand
(7,9501
12
Net det
7,962
17.950)
12
P•Je 12