2022-03-31-accounts

SHADWELL TRUST

( A COMPANY LIMITED BY GUARANTEE)

REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Company No: 07213620

Charity No: 1140130

ABACUS PARTNERS (LDN) LLP CHARTERED CERTIFIED ACCOUNTANTS UNIT A, ABBOTTS WHARF 93 STAINSBY ROAD LONDON E14 6JL

SHADWELL TRUST

( A Company Limited by Guarantee)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

CONTENTS	Page
1. Directors'/Trustees' Report	1 to 7
2. Independent Examiner Report	8
3. Statement of Financial Activities	9
4. Statement of Financial Position	10
5. Notes to the Financial Statements	11 to 14

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

Company Information

Trustees / Directors Mr Azafor Miah Mr Amaduddin Mahbub Mr Jilu Miah Mr Abu Mumin Company Secretary Mr Abu Hasanath Company number 07213620 Charity number 1140130 Principal and Registered Office Tarling East Community Centre 63 Martha Street London E1 2PA Examiner Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf 93 Stainsby Road London E14 6JL Banker H S B C 75 Whitechapel Road London E1 1DU

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

The trustees, who are also directors of the charity for the purposes of the Companies Act, are pleased to present the trustees’ report and the Financial statements for the year ended 31 March 2022 to comply with the requirements of the Companies Act 2006, Charities Act 2011 and the Statement of Recommended Practice (SORP) for charities.

Governing Instrument:

The companies/ charity's objects and regulations are regulated by Memorandum & Articles of Association adopted on 6 April 2010 and amended on 21 October 2010 and incorporated by the Companies House on 6 April 2010. The same documents were registered with the Charity Commission on 1 February 2011.

The objects of the charity is to promote for the benefit of the inhabitants of Tower Hamlets and the surrounding area the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

The charity is organised with a Board of Trustees elected by the members to oversee the overall activities. One person is nominated as chairperson to monitor the day to day running of the charity.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

About Us

Our Vision

• Inspire People, Change Communities

Our Mission

• We believe that every young person has the right to have fun in a safe environment, locally accessible and nurtured to unlock their potential.

Aims and Objectives

• To ensure that young people in Shadwell can access high quality youth provision.

• To offer them a range of exciting and challenging opportunities through which they can develop into active and confident young adults.

• To improve the health and wellbeing of young people through sports coaching and physical activity.

• To develop soft skills as well as to gain education and employment outcomes.

• To promote community safety through the delivery of workshops on youth related issues such as gangs, drugs and knife crime.

Who We Are

• Shadwell Trust is a youth and community organisation located in the London Borough of Tower Hamlets. Our services benefit primarily people living in the Shadwell Ward of Tower Hamlets.

What We Do

• We provide young people in Shadwell with support, guidance and positive activities and we help them to reach their potential. We have also teamed up with our local partners such as 13 Rivers Trust, Community Martials Trust and Shadwell Youth Organisation to actively engage young people on a regular basis.

• Shadwell Trust offers a wide range of recreational, social and educational activities to young people aged between 13 to 19. We provide a blend of youth activities with accredited learning outcomes. The project also organises social and educational excursions for young people in order to engage them in positive activities that they would not normally have access to.

• Young people are given opportunities to become youth volunteers giving them valuable work experience and skills. They support the staff in the delivery of projects and enable them to take ownership. We also provide sessions for young people in CV building, job brokerage, employment and training opportunities.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

Our History

• Shadwell Trust is a youth and community registered charity organisation located in the London Borough of Tower Hamlets. It was established in January 2007 and operated out of the old Town Hall in Shadwell. The organisation arose out of acute problems that were being endured by local residents including spiralling rates of crime, drugs, urban deprivation and social exclusion. The activities we offer local people are a direct response to needs identified by local people of Wapping and Shadwell. Our core staff and volunteers are local residents of Tower Hamlets who have come together to meet the demands and needs of their community.

• The Tarling East Community Centre has been our home since 2009. Our centre is state of the art with renewable technology that helps to reduce its carbon footprint. Our venue boasts of a wide range of provision which includes a communal kitchen, 2 community halls, an outdoor multi use games area, children’ play area and plots of land for growing food

• We have partnered up with local community organisations and clubs to engage people young and old in positive activities and take advantage of the many opportunities we provide for them through our services.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

What We Do

• Evening Youth Club

• Boxing Coaching

• Deaf Club for 16+

• Jack Petchey Achievement Award

Evening Youth Club

• Shadwell Youth Club offers a wide range of recreational, social and educational activities to young people aged between 13 to 19. We provide a blend of youth club activities with accredited learning outcomes. The project also organises social and educational excursions for young people in order to engage them in positive activities that they would not normally have access to.

• Our evening youth club sessions take place every Tuesday and Friday evening at Tarling East Community Centre from 6:30pm to 9:00pm.

Martial Arts Club

• We offer weekly boxing coaching for young people to promote physical and mental wellbeing and instil discipline.

• The sessions are delivered by qualified ABA coaches every Friday evening at Tarling East Community Centre from 6:30pm to 8:30pm

Deaf Club 16+

• We work in partnership with Al-Isharah to engage deaf people in weekly club activities. We provide access to our venue, equipment and resources. We encourage them to participate in social and recreational activities we organise throughout the year to promote inclusion and support them with their mental health and wellbeing.

• The deaf club takes place every Wednesday evening at Tarling East Community Centre from 7:00pm to 9:00pm.

Jack Petchey Achievement Award

• Shadwell Trust is very grateful for the support it receives through the Bronze level of the Jack Petchey Foundation Achievement Award scheme. Our young members are chosen for achieving something special. Sometimes this is for playing well but often it is for something like helping someone else, overcoming an obstacle or trying their best and making progress.

• The winners are awarded their certificates and medallions and are able to choose how to spend £250 grant to benefit their peers or their club.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

Key Achievements

Over the last 12 months we have engaged with over 200 young people from disadvantaged BAME backgrounds in youth provision focusing upon reducing youth violence, youth crime, disrupting gang activities and preventing young people from entering into the youth criminal justice system.

We delivered weekly youth club activities, self-defence classes and workshops focussing upon the needs of young people. We offered courses focussing upon knife crime and treating blood wounds in partnership with Street Doctors.

We offered a safe space for young people to engage in positive activities from our youth centre in Shadwell and participation in activities such as the Go Karting Championships in November 2021. During the summer holidays we organised a residential to North Wales and local trips to the Cinema and Thames Tigers Boat.

Some of the older young people were supported into part-time employment. We helped them in developing their CV and interview techniques. We also offered accreditation via online training in Food and Hygiene, Personal and Professional Development as well Microsoft Office software such as Word, Excel and PowerPoint.

We were able to access online learning opportunities through Virtual College. Young people were encouraged to participate remotely. We combined this with regular youth sessions from our centre and worked together with new partners in the delivery of activities to young people.

Name Change

Our organisation has recently changed its name from The Rooted Forum to Shadwell Trust. The name change took place on 3[rd] February 2022 after consultation with our key stakeholders, supporters and well-wishers.

The organisation is particularly proud that it has managed to keep its doors open to young people in Shadwell during a very difficult period where the organisation finances were very volatile. Over the last 12 months we have retained our core youth work provision.

Still Open!!

During the last 3 year! more than 20 youth organisations have closed there doors permanently as they have lost their grant funding from the local authority. Despite Shadwell Trust losing all of its income from Tower Hamlets Council we have managed to secure funds from alternate sources and remain open to young people.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

Reserves Policy and Going Concern

The Trustees believe that it is essential that the Trust maintains sufficient reserves to allow it to continue its work through difficult economic times, to allow flexibility for cash flow requirements in respect of committed programmes, as well as providing resources in the event of any significant and unexpected expenditure. The Trustees have set a target of six months' expenditure as a prudent level of reserves. Currently the reserve is far below the policy level and the Trustees are reviewing this for 2023 and beyond.

The Trustees are fully satisfied with the Going Concern basis of accounts preparation as they have seen further funds received after the financial year-end, which will continue to support planned projects, and help the organisation return to a surplus next year.

Financial position

The Statements of Financial Activities shows a deficit of £14,089 (2021: Surplus of £28,200) with total funds of £42,183 (2021: £56,272) as at 31 March 2022.

Directors / Trustees' Responsibilities:

The trustees (who are also directors of The Rooted Forum for the purposes of company law) are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (UK GAAP applicable to Smaller Entities).

Company/Charity law requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles in the Charities SORP 2015 (FRS 102);

• make judgements and estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in operation.

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware:

• there is no relevant audit information of which the charitable company’s auditor is unaware; and

• as the directors of the company, we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant audit information and to establish that the company’s auditors are aware of that information.

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

Independent Examiner:

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements were approved by the board of directors and authorised for issue on 30[th] January 2022, and are signed on behalf of the board by:

Mr Azafor Miah (Chairman)

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SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2022

REPORT OF THE INDEPENDENT AUDITORS TO THE DIRECTORS / TRUSTEES OF THE ROOTED FORUM

( A Company Limited by Guarantee) For the year ended 31 March 2022

I have examined the accounts and statements on pages 8 to 14 which have been prepared on the basis of accounting policies set out on page 10.

Respective responsibilities of Trustees and Examiner:

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity’s gross income not exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention

Basis of Examiner's Statement:

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006 section 130 of the 2011 Act; and

• to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Nur Ahmed Chowdhury FCCA

for and on behalf of Abacus Partners (Ldn) LLP Unit A, Abbotts Wharf 93 Stainsby Road, London, E14 6JL

30th January 2023

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SHADWELL TRUST

( A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

				Total	Total
		Unrestricted	Restricted	2022	2021
INCOME AND EXPENDITURE	Notes	£	£	£	£
INCOMING RESOURCES
Charitable & Grant Income	4	7,200	39,252	46,452	89,065
Other Donations	4	1,336	-	1,336	5,226
HMRC JRS Grants	4	11,196		11,196	30,700
Total Income		19,732	39,252	58,984	124,991
RESOURCES EXPENDED
Charitable Activities' Costs	5		55,888	55,888	87,251
Administrative Costs	5	17,185		17,185	9,540
Total Resources Expended		17,185	55,888	73,073	96,791
NET INCOME /DEFICIT FOR THE YEAR		2,547	(16,636)	(14,089)	28,200
Funds as at 1 April 2021		56,272	-	56,272	28,072
Fund movement		(16,636)	16,636	-	-
Funds as at 31 March 2022	9	42,183	-	42,183	56,272

All income and expenditure are derived from continuing activities.

The notes on pages 11-14 form part of these financial statements.

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The notes on pages 11-14 form part of these financial statements.

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SHADWELL TRUST

( A Company Limited by Guarantee)

Notes to the financial statements for the year ended 31 March 2022

1 Accounting Policies

1.1 Basis of preparation of accounts:

The financial statements have been prepared in accordance with 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 2015) - (Charities SORP 2015 (FRS 102).

The charity 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).

1.2 Income Recognition:

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

• Donation and other income recognised when received.

• Grants for immediate expenditure are accounted for when they become receivable.

• Grants / Donation restricted to future accounting period are deferred and recognised in those periods.

• Grants / Donation for specific project are treated as restricted to the projects c/fwd for future operation.

1.3 Allocation of cost:

Costs are allocated between restricted and unrestricted fund according to the terms of income. Where items expended are mixed, they are apportioned between the categories according to the income they relate to as well as using best possible professional judgements.

1.4 Support costs:

Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs which support the Trusts programmes and activities. These costs have been allocated between cost of raising funds and expenditure on charitable activities.

1.5 Cashflow statement

The Company is exempt from including a statement of cash flows as part of its accounts, as it is not classified as 'large' as per Charities SORP (FRS 102).

1.6 Tangible fixed assets and depreciation:

Grants including the grants for the purchase of fixed assets are recognised in full in the accounts in the year they are given for.

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at the annual rates in order to write off each class of assets over its estimated useful life.

Furniture, fittings and equipment 25% on cost

1.7 Funds:

• Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives

• of the charity and which have not been designated for other purposes.

• Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.

• The aim and use of each designated fund is set out in the notes to the financial statements.

● Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

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SHADWELL TRUST

( A Company Limited by Guarantee)

Notes to the financial statements

for the year ended 31 March 2022

2. Incoming Resources

Incoming resources are the amounts derived from the provision of charitable services, the receipt of gifts, subscriptions and grants falling within the charity’s ordinary activities. Donations received for the general purposes of the charity are included as unrestricted funds. Donations and grants for activities restricted by the wishes of the donor are taken to restricted funds where these wishes are legally binding on the trustees.

3 4 5	Tangible Fixed Assets Cost B/Fwd Addition Depreciation: Charges B/Fwd Charge for the year Net Book Value As at 31 March 2022 As at 31 March 2021 Incoming resources LBTH: Main Stream Grant Garfield Weston Foundation Jack Petchey Ocean Youth Connexions - VRU European Social Fund 13 Rivers Trust East End Community Foundation City of London The National Lottery Power to Change - Covid 19 Colors Misc. Income HMRC Job Retention Scheme Total Income Resources expended Subscriptions Salaries, including E'er NIC and Pensions Rent and insurance @75% Activities' cost Printing, Postage and Stationery @75% Telephone,internet charges & IT @75% Marketing Bank Interest and Charges Depreciation on Furniture, Fitting and Equipment Accountancy Fees Legal and Professional fees Sundry Total Expenses	Furniture, Fixture & Equipment £ 33,086 1,966 35,052 23,428 8,763 32,191 2,861 5,245 Unrestricted Restricted 2022 £ £ £ - 20,000 20,000 1,350 1,350 10,902 10,902 - 7,200 7,000 14,200 - - - - 1,336 1,336 11,196 11,196 19,732 39,252 58,984 Unrestricted Restricted 2022 £ £ £ 116 116 41,058 41,058 2,823 2,823 14,830 14,830 177 177 989 989 1,155 1,155 15 15 8,763 8,763 1,440 1,440 1,196 1,196 511 511 17,185 55,888 73,073	Total £ 33,086 1,966
			35,052
			23,438 8,763
			32,191
			2,861
			5,245
			2021 £ 3,500 - 750 - 5,615 15,825 5,000 23,375 10,000 25,000 5,226 30,700
		19,732	124,991
		Unrestricted £ 116 2,823 177 989 1,155 15 8,763 1,440 1,196 511	2021 £ 188 38,689 3,555 48,563 171 569 500 20 3,219 480 765 74
		17,185	96,791

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SHADWELL TRUST

( A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 MARCH 2022

6 Restricted Fund Movement Opening Restricted Restricted Balance Incoming Resources 01.04.21 Resources Expended £ £ £ Restricted Funds - 39,252 55,888 - 39,252 55,888 7 Creditors: Amount Falling Due Within One Year Pension Creditors Paye Liabilities Accruals 8 Staff Emoluments Total wages and salaries Employer's NIC Direct Charitable Others Avg No of employees: Admin Avg No of employees: Direct Employees paid in excess of £60,000 per year.	Opening Restricted Restricted Balance Incoming Resources 01.04.21 Resources Expended £ £ £ - 39,252 55,888	Closing Balance Transfers 31.03.22 £ £ 16,636 - 16,636 - 2022 2021 £ £ 62 61 3,094 3,251 2,880 3,380 6,036 6,692 2022 2021 £ £ 40,417 38,120 641 - 41,058 38,120 41,058 38,120 41,058 38,120 - - 5 6 5 6 None None
	- 39,252 55,888

No remuneration was paid to any trustees or their associates during the year ended 31.03.2022 nor at 31.03.2021.

9 Movement in Funds As at 1 April 2021 Current year Current year transfer As at 31 March 2022	Unrestricted Designated Unrestricted Restricted Free Reserve Reserve Funds Funds Total £ £ £ £ 56,272 - 56,272 0 - 56,272 - 2,547 2,547 (16,636) (14,089) - (16,636) (16,636) 16,636 -
	42,183 - 42,183 (0) 42,183

The charity has free reserves available of £41,959 (2021: £56,272).

10 Taxation

The entity does not undertake trading activities, and does not exceed any thresholds that would take away its tax exemptions.

11 Post Balance Sheet Events

There are no significant post balance sheet events to report.

12 Transactions with Trustees

There were no transactions with trustees, or reimbursments made to them during the year.

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SHADWELL TRUST

( A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 MARCH 2022

13 Contingent Liabilities

The company/charity had no contingent liabilities as at 31 March 2022 nor at 31 March 2021.

14 Related Parties Transactions

The entity hired out its workspace to 13 Rivers Trust for an annual fee of £7.2k in the year. Azafor Miah is a Trustee in both the Shadwell Trust, and 13 Rivers Trust.

15 Gifts In Kind And Volunteers

During the year the company/charity benefited from unpaid work performed by volunteers.

16[Government grants]

The company/charity subsidised the cost of its payroll during the year via the HMRC Job Retention Scheme.

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