Company Reglstration MUMr. 04464386 Charity Nufflbgr.. 1100603 Southbank Enterprise Trust Ltd IA eompany limi¢•d by 9uarnnt••, not ha¥in9 a shar• pIta Annual Report and Unaudited Financial Statements for the financial year ended 31 March 2025 AEHR6K9C 1911Y2025 COMPANIES HOUSE A17
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UTHMAN KAY Certrfied charter Accountsnts 2nd floor 22> 229 SEVEN SISTERS ROAD
Southbank Enterprise Trust Ltd IA ¢ornpany limitod by guarart••. not havong • S1• upltd) CONTENTS Page Reference and Administrative Infommtion Trustees. Annual Report Siatemenl of Trustees. RespsibIlItieS Ind8P8ndent Examinerfs Report ststemenl of Finanaal Activities Balance Sheet Notes to the Finanual StatenIs 9-13 Supplementary Infomiation relaling lo the Financial Slaiements 15
Southbank Enterprise Trust Ltd IA ¢ompany Ilmitad by 9u•rants*. not havlng a shar• capltsll REFERENCE AND ADMINISTRATIVE INFORMATION Trust••s Kayode Olaoye Abraham Adeyel¢ Ch¥lty Number In England and Wales 11W3 Company Roglstrntlon Number Registered Office and Princwl Address CJO Ulhman Kay. Unil 13. 225- 229 Seven Sistefs Ro Londc N4 2DA Erwjland Ind•p•ndomt Examin•r Certrfied charte AccAJuntsrtts 2nd Ikmx 22& 229 SEVEN SISTERS ROAD
Southbank Enterprise Trust Ltd IA company Ilmlt&d by guarant•o, not h8¥fjng a sharo capltd) TRUSTEES. ANNUAL REPORT Ic< the financial year ended 31 Maich 2025 The trustees present th¢if Tnts1$. AnNAI Roport CLYnbirdThJ the Directors, Rept and Trustees. Report, the unaudited financial ststements for tho financial year ended 31 March 2025. The ffinancial staterynIS are prepared in accryd8rtt with the Companies Act 2fy)6. FRS 102 The Finanaal Reporting Standard 8pplirAble in the UK and Repu1¢ of IlaJ. and Accounting and Reports'ng by Charibes.. stalennI ol R¢¢ommerKled Practice a0ble to charities preparing thwr financ4al 5taternents in accordance with thè Finanual Rèporting Standard apF4utAe in the UK and Reputyic of Ireland IFRS 1021. The Trustees. Report contsins the information required to be wovlded in Ihe Trustees. Annual Report under Ihe Staternenl of R?commended PraclKe {SORPI guidelines. The irustees of the charty ale also charity tru51ees lor the purpostr ol ¢harity law and under the chanws constitulion are as members of board of twstotrs. In this reFrfYt the trustees ol Styjthbank Enterwse Trust Ltd presert a suffmary of ils PWFX)se, SK)Veman, adlvrf1, ¥thvavemgnts and finances for the financial year 31 Marc 2025. The charity is a registered thality and h¢nc"the ret)rt and resLtIts are Presented in a form which complies lh& requirements of the Companies Act 2006 and. althoLwJh not thliged to comFdy wilh the Statement ol ReMmended Practic? applible in the UK and R•public of Ireland FRS 102. Ihe organisation has implamartted its r$comm•ndations Vre relevant in these financial statements. Prln¢lpal Advlty The liè1 of poverty. trainlng. and renlal slKxiages Financial Rtvi•w The su¢l$ for the finan(aal year are set t on ptye 7 and addrfiaI te$ affj provided showng income and expenditure in greater delail. Fin•ncial Résults Al the end ol the financial year the chanty has as5et5 of £40.66512024 - £43,503) and liabilities 01 £36,261 12024 - £41.7811. The nel assets of the chwity have increased by £2.682. TNstees The twstees who served throughout the fThncaal year. except as noted. were as lollvws: Kayode ijaoye Chartgs Akande Abraham Adeyele In accordance wllh the Constitutron, the Iruslees reliTe by rOlati and. b&iTh3 elbjibje. offer themselves for rvrekclion. Complian¢• with Sèetor-Wld• L•gSslallon and Standard$ Tho chanty èngages pr¢Mclively with legIatr.0n, stsndard$ and eodès whi¢h or¢ developed lor the sector. S1hbafik Ent&rprise Trust Ltd sl1be$ to is aJMFlif 7ilh the lolkywing: The Compan*s A¢t 20C Th& Charities SORP IFRS 1021 Approved by thè Board olTrust•es on 17 December 2025 and signed on rls behalf by: Kayod• Olaoy• OirectOT
Southbank Enterprise Trust Ltd IA ¢ompany lifflit•d by guar4nio•. not h•ving • sh•rn capilal) STATEMENT OF TRUSTEES. RESPONSIBILITIES for the financaaj ye8r ènded 31 March 2025 The Irvslee5. ¥tho arn also dKectrys Soulhbank Eniew Trust Ltd ILY thè pu0585 of company law, are responsible foi preparing the financ4al stalements in acrdanc• applKable law and regulatws. Company law wuires the trustees as the directors to prepa finar181 slatements for each financk81 year. Under that lew the trustses have elected ts prepare thè finantsal statements in accordan •Ath Uniled Kingdom Generally Accepted Accounltng Pra"¢e (United Accounbng Standards and applicable lawl indudiTrJ FRS 102 The Finaal Reporbn9 Stsndard applEWe in thg UK arHI ReputAK of Irgland" seCtn 1A Isrnall Entities). Undor mpany law the trustees must not ap the finanryd statements unless they are sab"sfied that they gNe a true and lair view of the sl8le CA affai of the company and of ts surFkn of tha eompany for that pèriod. In pPann9 these financaal ststements. the tmstees are r¢quirgJ lo.. select suilat4e accounting policies appty them cortsistenty. make judgements and esbmates that are reasonable and wudert state whelhèr finanri4 statemts have been prepartd in acwrdance with the relevant financial reFQrting framework. identify those standafds. and note the effect aTrJ Ihe reasons for any material departuie from those stsndards; and prepare the finaroal staternents on Ihe goty 0)eM basi5 Unless il 1$ inappropffiaie to presume th81 Ihe ¢harlty will contsnue li op9rnt1. The trust nffim) lh they have c(wnKAied with the aLwe requwwnents in preparing the finarKial ststfjmen Thé trusteès are responsiblè for keeping adequale accounkn"wJ records Ihal are suffioent to shrw and explain Ihe chaflvs transactions and disclose wth reaSonae rary at any time the financial p)sition of the dt8rity and enable them to en5vre Ihal the financiJ statements ¢omply the Cixnpan¢es Act 2006. They afè also responsible safeguarding the assets of th¢ Charity and hefKe for tsking reaSonae steps for the p¥event and delection of fraud and other iryegularities. Approved by the Board ofTrustees on 17 Debe1 2025 and slw•d on tts h•ll by: l(ay Direclor laoye
Southbank Enterprise Trust Ltd IA ¢ompany limited by guarant. not havlny a shw• caplla) INDEPENDENT EXAMINER'S REPORT TO THE BOARD OF TRUSTEES OF SOUTHBANK ENTERPRISE TRUST LTD We have exarnined stalements of the charty lor Ihe financ year erKlgd 31 Marth 2025. which eomprise the Statement of Flnancial ACV"•S (Inepatr"g an InCC4 and ExpendibJre Account). the Balance Sheel and the related notes. This report is made solely to the charitys members. as a tx. in acrda% vAlh Chapter 3 ot Part 16 of Ihg Companies Act 2006. Our work has been undertaken so ltsl we might pjmprfg thg financial statemènts that we hav8 been engaged to compile. reFrf to th8 Btsard of Trustets that w• have done so. aThJ stste those matters that we have agreed to slate to them in this Frt and fc no other purpose. To the ftAlest extent permitted by law, we do not ae¢opl or assumé responsit#lty to anyLTh othor than Ihe tharity arNJ the menkn. a$ a Wy. for work. or lor this report. Respectlve wesponsibilitieg of ttee9 •rtd ex•minor The charitys truslees (who a also Ihe directors of the ¢ompany fty the purp)ses of company lawl are resportsible for the preparation of Ihe financial sra¢emenlS ifi aCrdan wth Ihe requiremenis of the Companies Act 2006. The charitys tnJstees consider that an audit is not required lor this ffinanual year under Chapler 3 01 Part 16 of the Companios Act 2006 and Ihat an iTrJyndent exarTMnaliw r& rgquired. 11 is our responsibility to.. examine the finan¢ial Ststemenls urthr sectwjn 145 of the ACL folbw thè procedures laid down by Ihe general DirectTh given by thtr Charity CommissK)n uThJ¢r soction 14SI51 of the Charities Act 2011.. and slate whether parbcular mamets ha ¢om• our attenlKM. Basls of Independent exaffllnefs r•port Jr eyaminalion was carried out in a4*3nee wth the general Directions gNen by the Charty Commission. An examinalion indud¢s a mi•w ol Ihe accounting records kepl by the charity and 8 comparison of the financial statèmènts plented with those rs. It also tndudes COn5e'0n ol any unusual itèm$ or disclosures in the firtancial slatemants and seekiThJ eWanatp)ns from the trustees conceming wy such matters. The prOreS un¢Jertaken do not promde all Ihe eviden that ¥K4Jld be required in an audit and Consequently no opinion is 9iven a$ lo whether thè aco)unts present a 'true and lairf view and Ihe report is Imled to Ih05e mattws sel out in th¢ stotsment bglow. Ind•p•nd•nt •xamlnerfs statement In connection with our exa¥natIOn, Th) matter ha5 corre 10 IXX attenlion gNe$ ¢ause to belleve thal in. any material fespecl.. accounting records were nol kept in 8cGordanGe wilh tiOn 386 ofthe cpanIeS Acl 2( the financial stslerrents do not ad vrith th0sg accounts.ng rdS the financial Statements do not ¢omKAy wth thè accounts.ng requirements of the Charities Acl the financial statements ha not been wepared in accor¢Jance wlh the aco)unting requiremenls of section 396 of the Companies Act 2006 arKI with the melhG¥Js and pn"nciples of the Statemenl of Recommended Practice applicatAe to charities preparing theii a¢Ints in ¥cordarth with Financral Rewling Standard applicable in the UK and Republic ol Ireland IFRS102} there is fvrther lOrma.0n needed fry a pri¥)8r derstandIng ofthe accounts to be aChed. We have no Corthms and have come across no other matters in connectKJn with the examination to which attention should be dravm in this report in tyder to enab r understsnding of the fITraal siaternents lo be Teached. UTHMAN KAY Cwtifièd Ch8rtered Accountsnts 2nd floor 22& 229 SEVEN SISTERS ROAD Dats: 17 Oecember 2025
Southbank Enterprise Trust Ltd IA company limfjt8d by 9uarantoe. not havlng a sharo capitall STATEMENT OF FINANCIAL ACTIVITIES Ufictsrptsrdting in In¢orn• and ExpBndilur• A¢ro¥nt} for the financAal year end 31 Mafth 2025 Unr•strlct•d Funds Total unbiCted Funds FuTrJs 2025 2024 Total Fund5 2024 Not•s Income Other tradin9 actNities &1 52.fj12 51612 48.310 48.310 Exp•ndiiur• Charitabl8 aclivilie3 49.930 49,930 53,663 53.683 N•t Incom•l1•xDd1IUrel 2.682 2.682 15,3731 {5,3731 Transfers beh¥een fvnds N•t movom•nt In funds for th• flnanclal y•ar 2.682 15,3731 15,373) R¢eoneillation of funds- Total ftjnds boginning of th¢ year 12 1.722 7.095 7,095 Total funds at th• •nd of th• y 4404 1,722 1.722 The Siatement ol Finanoal Actiwlies indudes all gains and losses recoJnised Sn ihe fmanoal yew. l and expenthturn rekte to ojntinwng acbwlies. The notss fy) page$ 9 10 13 lrym F4rt ortsrvn(ial swements
Southbank Enterprise Trust Ltd IA eompany limlt•d by gu•rJni••. no¢ ha¥in¥ a •h•Tr ¢•pA¥) Company Nufflbtr: Ib4464386 BALANCE SHEET as at 31 M8r¢h 2025 2025 2024 Flxed Ass¢ts Tangible assets 37.965 40,803 Curr•nt Assot$ Deblors Cash al bank and in hand 2.688 12 2,688 12 1700 2.700 Creditors: Amounts falllng due within one y 11.1781 18.178) Nèt Currenl Ll#blMII•s {5.4781 15.478) TOL Ass•ts l•ss Current Liabilili
2.487 35.325 Credltors Arnunts lalling due afttr nbye than onB 10 (28.083) 133.6031 Total Net Assets 1.722 Funds General fijnd (unrestricted) 1.722 Tolal funds 12 These finandal statements have been prepared in acc(¥dan vrith Ihg special pro¥i5ions relating to $mall compan within Part 15 of the Compantes Aci 20(. For Ihe financial year ended 31 Mar¢h 2025 the charity was entiued to exemptKJi from audit under secth)n 477 of the Companies Act 2ryJ6: and no nolice ha$ beèn depos¢led uThJer section 476. The trusiees confirm thal the membsrs ha rb)I required company to obtatn an audrt of rts narla1 statements for the finanrial y?ar in qu¢sb"on accordarv vAlh Sec1 476 of the C(rfnpart Acl 2006. The truste ackrbJwi•d9e their respxtsitmlrfies for eruring that the cawty keeps acc4Junlng recowds which ¢ompty wrth sÈdion 386 and for preparing finan statements whK give a trug and tsir view of the slal8 of affairs of the charity as 8t the end of tho financial year and of ils profit and loss fty Ihe finarKyal year in accoft1ance with tho requirements of sections 394 and 395 and whith otheNse compty Ih? requirements of Compantos Art 20L retaling lo finan¢ral statements. so far a$ alcae to the tharity. The financial 5tstements have been prepared in acc8nCe wilh the provisions applicable to InieS Subject to Ihe small companies. regime and in accordance FRS 102 Yhe Financial Reportirs StaThlard applicable in the UK and Republ of Ireland.. apF4ying SeclJn 1A of that StarKJard. Approvqd by th• Board of Trust••s and authoris•d for Issue on 17 DKember 2025 and 5igngd on Its bthalt K•yod• Olaoy• Dlrector Thg pa90$ 9 to 13tsm $tsterrwts
Southbank Enterprise Trust Ltd (A company Ilrnlted ty guaran1••. not havSng • ¥har• captt41) NOTES TO THE FINANCIAL STATEMENTS for the finandal year ended 31 MarL 2025 GENERAL INFORMATION Southbank Enterpnse Trust Ltd is a company limrted by guarantee IrirpOrated in England. The giStered office of the charity is CIO Uthman Kay. Unit 13. 225 229 Seven Sisters Ro, London. N4 2DA. England which is also the prinGipal place of business of th8 chaiity- The financial ststemènts have been presént in Pound (£1 whith is also the functiona currency of Ihe charity. SUMMARY OF SIGNIFICANT ACCOUNTING POUCIES The f¢41owng accounting pol have been ap[ld lstenty in dealing Vith ilems whkh are considered maierial in lath"On to the charity's finan0 slalements. Bosis ol prnparatl The financial statements have been pPared on the gclng concem bas¢s under the hislorical cost LY)nvention, modffied to indude certatn ilem5 al tsir value. The financial statements have en prepared in accordance with Ihe Ststement of Recommended Pracb"ce {SORPI 'AccoLtnting 8nd Reporting by Charrties eparing thair acnts in accordan¢x Mth th• Finala1 RèpoitiTrJ StaThja apicae in the UK and Republic of 1rdar FRS 102". aWyirwJ Swon 1A of that Stsndard. As pemwtted by the Companie5 Ad 21Kfj, charity ha5 varied lh¥ slandard formats in that act for the Statement of Finan¢ial Actiwties and the B41 Sheel. Departure5 from the stsndard forrns alè to comply wilh the reouirements of the ChariDes SORP and are in Com1¥n¢¢ with section 4.7. 10.6 and 15.2 of Ihal SORP. Stai•m•nl of ¢ompllanc• The finawal slatements of charity lor lh$ finanryal year ended 31 March 2025 have b¢sn prepared on the in9 ¢oncem basis and in accordance the Ststement of Recommended Praeti¢e ISORPI 'Accounting and Reporb'ng by Charibes pparing their accounts in accordancè thp Finala1 RèpoitirJ Stand8id 8ppli¢ablè in the UK and RepU1t of Ireland FRS 10T. applyn9 Section IA ol U)èl Slandard. Fund aCUntIng The followirg arg the categories of rnwnlgvJ.' Ro5tri¢t•d funds Restricted funds represent income recwve(I can onty be use(1 for partilar purptsses, 8$ spwified by the donors. Such purF¥)ses are vthin the ove1 obiecves of the tharity. Unrestrfcted funds Unrestricted fvnds (£st of General and D¢$ignaied furhts. - Gentr81 funds r¥pr8sent artts vtJich ar expendl& * thg disugtion of th¢ board. in fwtherance of th• obiecb'ves ot the ¢harity. - Degnate(l funds comprise unreri¢W funds thai thè boarf has. at its dis¢r¢tw)n. set a&de for particular JfPOse5. These d•svJnaiws havè an administrabvè wrFose (xty. and do allY restsict the board's disryebon to apply the fvnd. Income Income is recoJnised by indusion in the Slatemenl of FinanThal ktsvities (ty when the Charity is legally entilled to the income. performance ccmditions allached to the iiemls) of inco have been mei. the amoynts involved can be me8sufed wilh suffirient reliatmlity and it is wobablè thal the inccrfno wll bè r1Ved by tha (ty. In¢ome from eharitable a¢ti¥i¢ies In¢omg from ¢haritable 8¢tivrfies income e¥Md from the SUFpty of under Contrac aTrangements and from perfomwn¢e related gr8nts whb havo condition$ that $peofy the provision of partirjjlar services to be provided by the charity. Inc4Jme from govemmtrnl and other cctrfundefs is recogni5ed when thè eharity is 9allY entilled to the income because li is fulfilliThJ the conditions contained in the related funding agreents. Where a grant is r1ved in advant. its recognit 15 deferred and included in ditors. Where entiuement occur5 before incorre i8 received. il is accrued in deblo¥& - Perfomance based ¢onditions: whweby the is contractualty entilled to fvndiwJ only to Ihe exlenl that the cor8 objectN6s of the grant reement afe achi8vetl. Where the charity 1$ mtIng the core objectryes of
conb'nued Southbank Enterprise Trust Ltd {A MpanY Ilmitad by guarantw, noi having a 81w• ¢aptii NOTES TO THE FINANCIAL STATEMENTS the financial year ended 31 March 2025 a grant agreement. it recognises the related experyjitwe. to the exlent that it is reimbursable by Ihe dMor. 8$ incryne. -rim9 ba5e(I condib"ons". vhpreby the charity 15 contraciualty enthljed to lundirvJ on the Condon that it is utilised in a particuLir period. In Ihese Se$ Ihe clwty recognt5es the income lo the extenl it is utilised within peri>J speofièd in the a9reément. In th8 absence of suth condilTh. a55umirwJ that w¥¢eipl 15 wobable ar ths. amount b8 reliabty measured. grant ino)m8 is reniSed on¢e ths dlty is notif of 8ntiUèmènL ¢knts r¢ceived toldS Capit endlI[fo aro uediifyd to the Statemenl of Finanual Aclimtses when received or receivable. thJichever is earlier. expenditure Expenditure is analysed t¥h¥ttrn costs of (a)aritable aclivjbes rwsirrtj funds. The costs of each ac"vity are separatdy accumulated and disdosed. and analywj ac(orthng to their major components. Expenditure is recogni5ed when a legal or c4Jnstrudive oblualion exists a5 a result of a past èvent, a transfer ol economic benefits is required in sètyement and thè 8M)UnI of thè oNigation can be rtliably measur. Support costs are thosè funclions that asst5t Ihe work of lh8 charity tyJt cannot be attn"buted to one actrvty. Such costs are alted to activibes in tnpJtion to staff time spenl or other suilatle measure for eath activity. Tangible fixed assets #nd deplatIOn Tangible fixed 855ets are Staled ai co or at Valuation. less acrumulated deprttxation. The ¢harge to depreciation is calculated to vrritè off the lgIn cost or valuatiC ol tsThJible fixecl assets. less their èstimated residual value. over thelr expected usehd lives as lokns.. Land and buildings freetrdd Fixtures. fittings and equipment 5% Straight line 25% Straight line Debtors Debtors are r&cognised at the setllemenl amount due aftw any diwunt offered. Prtrpayments a valued al Ihe amount prepaid net of any trade discwnts due. Income rec¢)3niryed by thè ¢harity frcth govemmonl agencies and other ctr(unde. bLrt not yet receNed al financial year end, is induded in deblors. Cash at bank and In hand Cash al bank and in hand ojryiises ¢ash on (l¢p)gt ai banks wulring loss than three months noti¢& of withdrawal. Tuatlon and d•l•rr•d taxatlon No Cunt or (Jel¢ned taxation artses as thè charity has be8n granted chwilable exemption. Ifr8coverabte valued added tsx is expens as incvrred. Oeferred tax is recognised in re5Fed of all timin9 drfferences thal have originated but not reversed al the balance sheet date where transactyons c¥ events have OCQJfred al that date that wll rsuIt in ¥n obligatpJn to pay more tax in the luture. or a right to pay less tsx in Ihe future. Timing ditferences ar* tempxary drfleren beNveen Ihe charivs laxable incorre and rts re54dts as stated in the finanual statsments. Defefred lax is measured on an Undiscnted basis at the tax fates that are anticipaled lo appty in the periods in which Ihe timing dfflerences are expected lo verse. based on tax rates and laws thal have been enacted Cf SLthtantively enact&J ty Ihg baLwKe sheet date. INCOME OTHER TRADING ACTMTIES Unr•stri¢t•d R•strl¢tsd Furtds Funds 2025 2024 Fee$ and Suppl 52.612 52.612 48.310 EXPENDwfuRE 10
ctinued Southbank Enterprise Trust Ltd IA company Ilmlted by wjarantso. not havlng a sh4rn c•pll4) NOTES TO THE FINANCIAL STATEMENTS for Ihe finanoal ar end 31 Marth 2025 CHARITABLE ACTMTIES Dir•c¢ Oth•r Support 202S 2024 Ront payaNe Subs¢riptions Insuranc Bank interest paKI Management fèès Govemance Costs (Note 4.2) 46.187 35 46,187 3S 70 800 48.S24 180 1.100 3,718 2,838 49,930 49.930 53,683 GOVERNANCE COSTS Dlrect Costs Othèr Costs Support Costs 2025 2024 Char6tsble actiwties- govemance costs 2.8 1838 3.718 NET INCOME 2025 2024 Net In¢ome Is stated aft¢r ch•rylthgll¢r•diting)". Depreciatw oftsngiwe ¥ss¢ts 2.838 3.718 INTER&ST PAYABLE AND SIMILAR CHARGES 2025 2024 On b lo•n$ arwj ov¢rdrnfts 161 TANGIBLE FIXED ASSETS Land and FixtLtres. buildings fittings and freehokl eqviFxnent Total Cost At 31 March 2025 50.620 10,990 61.610 Dep¢1#110 At 1 Apnl 2024 Charye lor the fin8n(ial 10.124 2.531 10.683 307 20,807 2.838 At 31 March 2025 12.655 10.990 23,645 N•t book valt At 31 March 2025 37.965 37.965 At 31 Marth 2024 40,4 307 40.803 DE8TORS 2025 2024 Other debto 2.688 2,688 11
conUnued Southbank Enterprise Trust Ltd IA ¢¢mpany ikni¢¢d tyy guaran. not h•ving a shaty NOTES TO THE FINANCIAL STATEMENTS the financial year endgJ 31 Mwch 2025 CREDITORS Amounts falling thJ• within )n• y•ar 2025 2024 Trade c¥editors 178 8.178 CREOITORS Amounts lalling du• aft•r mof• than on• ye 2025 2024 Bank loan 28,083 33,603 Reyable behvèèn a1 five yea 28,083 33.603 11. RESERVES 2025 2024 At the beginning oltht year Surplvsl{Defityt} for the finanoal y 7,095 15,373) 2,682 Atthe endofth¥r 1,722 12. FUNDS 12.1 RECONCILIAT1014 OF MOVEMEKf111 FUNDS Unrestrlcted Fund$ Totsl Funds At 1 Aprl 2023 Movement during Ihe financial year 7.095 15.3731 7.095 15,373) At 31 2024 Movemenl during the fin8n¢i year 1.722 2.682 2.662 At 31 Marth 2025 4.404 112 ANALYSIS OF MOVEAIENTS ON FUNDS Balance InTh Exponditure Trnn$f¢rs betw•¢n funds Balanc• 31 Mah 2025 2024 Unre8trlcted fundy Unreslricted General 1.722 $2,612 49.930 4,404 T•tsl funds 1.722 52,fj12 49,930 4,404 12.3 ANALYSIS OF NET ASSETS BY FUND FSx•d assets - charity use Current Current Lon*t•rni Ilabllltl Ilabilities Total Unrestrthd genW fvnd$ 37.965 2,7CKJ 18.178 (28,083) 4.404 1700 18.178 (28.083) 4.404 12
Jntinued Southbank Enterprise Trust Ltd IA company Ilmltod by 9uarants•. not h•¥lng a 5fv capltsll NOTES TO THE FINANCIAL STATEMENTS fr)r Ihe finandal year ended 31 March 2025 STATUS The tharity 15 a company lirnited by guarantee not havirJ a share caprtal. The abty of mÈmbew5 is limitsd. Every member of lh8 company undgrtakes lo contritxrte to the assets of the company in the event ol its being wcwnd up wh1• they am m•mbers. or wnthin one financial year thereafter. f¢x the payment of the debts and liabilitiès of the company contracled before they ¢eas•d to mèmbèrs. and thè costs, ¢harg+s and trxpenses of winding up. and for Ihe adjustrnent of the rights of the contrityjth amoTrJ ihemselves. Such amount as may be required. not exceedin9 £ 1. POST4ALANCE SHEET EVENTS There have been no s•3nificanl events •ffe¢iry Charity the ffinanLial yearThJ. 13
SOUTHBANK ENTERPRISE TRUST LTD (A CoMpY Ilmltsd by guarantee. noth8¥lng a gharn e¥tt•lJ SUPPLEMENT Y INFORMATION RELATING TO THE FINANCIAL STATEMEMTS FOR THE FINANCIAL YEAR ENDED 31 MARCH 2025 14
Soulhbank Enterprise Trust Ltd IA company Ilmlt•d by gu•rant••. not having a shar• tapitall SUPPLEMENTARY INFORMATION RELATING TO THE FINANCIAL STATEMENTS Op8r8ting Statement Ihe financAal year ded 31 Man* 2025 2025 2024 Incom 52.612 48.310 Cost of gon•ratln9 fund$ Renl payabje 46.187 48.524 46.187 48,524 lkns surplu511d¢tt1 6.425 12141 Expenses Management expen Insurance Sub5rriptsons Dopr•uation 1.1rxi 70 35 3.718 4.998 Flnance Bank inteffj$t paid 161 Nèt surplusl(deficit) 15.373) The SUernentary inf0mtIOn does not fum part ofthe financi81 statements 15