OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

SHADWELL TRUST

( A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

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 2023

CONTENTS Page
1. Directors'/Trustees' Report 1 to 9
2. Independent Examiner Report 10
3. Statement of Financial Activities 11
4. Statement of Financial Position 12
5. Notes to the Financial Statements 13 to 16

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

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 2023

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 2023 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.

1

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

About Us

Our Vision

Our Mission

Aims and Objectives

Who We Are

What We Do

2

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

Our History

Shadwell Youth Club

Evening Youth Club

Martial Arts Club

3

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

Deaf Club 16+

Jack Petchey Achievement Award

Key Achievements

In the last 12 months we have been delivering youth work activities focusing upon business enterprise, crime reduction and keep fit classes.

The business enterprise focused upon selling perfume, hair cutting workshops, bike fixing and health and beauty. We had 6 young people who were keen on selling perfume from manufacturing and selling their finished products. We had 3 young people who learnt different techniques in cutting hair and in the Youth Club we had a local qualified barber who showed them how to use hair clippers, hygiene requirements and sourcing out equipment for barbering.

Since Covid-19 every Friday evening we have delivered weekly martial arts and Arts club every Thursday evening. The Martial Arts are targeted at young boys from 11 – 19 year olds who are training with a qualified instructor and learning self-defence. The arts club on Thursday works with mum’ and daughters and learning creative techniques in water colour.

We have also been focused on providing support with GCSE exams for Year 11 students. We have local teachers helping students with Maths and English. Throughout the year we worked with hard to reach young people and offer positive diversionary activities such as holiday programmes, residential to Snowdonia and outdoor activities such as go karting, horse riding, and healthy living workshops.

4

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

We have delivered 66 accreditations focussing on Microsoft Office, Food Safety Hygiene, First Aid, E-Safety and Fire Safety. We have also worked with Vallance Community Sports Association and Shadwell Football outside of Tarling Centre supporting with their Disability Sports Day at Mile End Leisure Centre and Weekly Football Coaching at Stepney Green Astroturf.

Mayor’ Violent Reduction Unit Project Delivery

A Partnership Initiative with Ocean Youth Connexions

We ran our Youth Club for 12 month focussing on reducing youth violence, youth crime, disrupting gang activities and preventing young people from entering into the youth criminal justice system.

Themes

Each activity we delivered tied in with a learning/ recorded or accredited outcome under the following topics:

Under each theme young people chose a range of activities/ workshops/ labour industry training in order give young people the ownership of the programme and have a lasting and positive impact on themselves.

Staying Safe

Safety is important for all young people and preventing harm from occurring in the first place. Engaging young people in positive activities is the best way to keep young people safe. We believe that young people should be able to enjoy being in safe environments wherever they spend their leisure time. It is also vital that young people and their parents can develop a good understanding of the risks involved and current local tends to ensure a young peoples safety and be able to manage these.

Being Healthy

To work towards ensuring children and young people are physically, mentally and emotionally healthy and that physical activities improves their general mental wellbeing, their health and their bodies. Ultimately, we want young people to strive towards living a healthy lifestyle.

5

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

Enjoy & Achieve

We want young people to enjoy all of our activities and achieve personal and social development through participating in recreational and positive diversionary activities out of their comfort zone. We want young people from deprived background to take part in activities that they may not have the means to do otherwise. Young people being engaged in these activities automatically keeps the young people engaged and active as well as occupied in positive activities preventing them from entangling themselves in criminal activities and gang life.

Making a positive contribution

Young people will be engaged in decision-making and supporting the community as well as the environment. Young people will develop self-confidence, motivation and self esteem and successfully deal with significant life changes and challenges. Young people will learn to understand the law and make positive behavioural changes. This encourages young people to be active participants in decisions making through consultation, provides young people with the necessary skills that will help them in life as well as encourages lifelong involvement in play. Encourage more children to volunteer and become involved in their communities

Economic Wellbeing

We will offer courses, training and referrals to kick-start programmes as well as apprenticeships to encourage young people to keep on learning and value knowledge that will assist them in their future employment.

Workshops

- Workshop 1 Anti Bullying/Social Media influence/ Sexual Health

The desired outcome is to make young people and parents aware of the presence of social media and how it is impacting on their lives and what role it is playing in the modern era of gang warfare, violence and out rightly targeted trolling and bullying and sexual harassment and the harm it has on both girls and boys.

– Workshop 2 Grooming, Exploitation, CSE & CCE

The desired outcome is to get young people to understand the consequences both emotional and physical of being exploited into criminal behaviours, the workshops will tackle the reallife scenarios of consequences from both legal and health and wellbeing perspectives. Look at support mechanisms and who to approach for help. Youth workers will offer tailored one to ones within sessions. Overall aim is to gain intel offer support and help dismantle gang activities and violence with partner agencies.

– Workshop 3 Staying safe on the road: Opposite attracts

Workshop 4 – Street Doctors First aid:

6

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

Treating knife wounds, gun wounds, bruises, fractures and broken bones

– Workshop 5 Money Matters: Looking at sources of income, budgeting, saving and spending. As young disadvantaged people from the deprived backgrounds are always looking up to social media on how to obtain money and how to be rich quick. We will look at criminals putting young people in debt through grooming, how social media influencers have made money, legal ways to make money, trading, stocks, shares and setting up a business idea.

– Workshop 6 Knives killing lives: Dump the knives

– ’ Workshop 8 Drugs it s a mugs game: The law, the addiction and a lifelong hobby

– Workshop 9 Bike Fixing

Activities

Volunteering and Community Social Action Days

Displaying a positive presence in the very estates and communities the young people congregate and hang around in. We will organise a community fun day with a BBQ and get the young people to engage with the wider community.

Activities

Cooking, Healthy eating, Smoothie Making, Banner Design, Mural Design, arts and crafts, team games, individual play, soft skills training, employment support

Trips

Cinema, Bowling, ice skating, trampoline park, etc

In-house competitions and inter club competitions

Young people led competitions and mini tournaments, this platform will give young people the ability to plan, organise, lead and co deliver activities in-house as well as with other clubs in hope to build better relationships with other areas.

Residentials

From team building activities and games to budgeting, shopping, healthy cooking and chillaxing young people will learn the skills and gain the experience to planning future holidays and activities.

7

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

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 2024 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 £17,868 (2022: Deficit of £14,089) with total funds of £24,315 (2022: £42,183) as at 31 March 2023. Despite the fall in funds, the Trustees have assessed cash flow from 12 months of the signing date of Accounts to be confident of Going Concern.

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:

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:

8

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

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 11[th] December 2023, and are signed on behalf of the board by:

Mr Azafor Miah (Chairman)

9

SHADWELL TRUST (A Company Limited by Guarantee) Directors'/Trustees' Report for the year ended 31 March 2023

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

( A Company Limited by Guarantee) For the year ended 31 March 2023

I have examined the accounts and statements on pages 11 to 16 which have been prepared on the basis of accounting policies set out on page 11.

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 did not exceed £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:

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

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

Date: 11 December 2023

10

SHADWELL TRUST

( A Company Limited by Guarantee) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Total Total
Unrestricted Restricted 2023 2022
INCOME AND EXPENDITURE Notes £ £ £ £
INCOMING RESOURCES
Charitable & Grant Income 4 5,400 57,972 63,372 46,452
Other Donations 4 841 - 841 1,336
HMRC JRS Grants 4 - - 11,196
Total Income 6,241 57,972 64,213 58,984
RESOURCES EXPENDED
Charitable Activities' Costs 5 66,674 66,674 55,888
Administrative Costs 5 15,407 15,407 17,185
Total Resources Expended 15,407 66,674 82,081 73,073
NET INCOME /DEFICIT FOR THE YEAR (9,166) (8,702) (17,868) (14,089)
Funds as at 1 April 2022 42,183 - 42,183 56,272
Fund movement (8,702) 8,702 - -
Funds as at 31 March 2023 9 24,315 - 24,315 42,183

The notes on pages 13-16 form part of these financial statements.

11

SHADWELL TRUST

( A Company Limited by Guarantee)

STATEMENTS OF FINANCIAL POSITION

AS AT 31 MARCH 2023

Notes
Fixed Assets:
Tangible Assets
3
Current Assets:
Debtors & prepayments
Cash at Bank and in hand
Creditors:
Amount falling due within one year
7
Net Current Assets
Total Net Assets
Funds
Unrestricted funds: General
9
Restricted Funds
9
Total Funds		 £
-
26,227		 Total
Total
2023
2022
£
£
983
2,861
-
45,358
45,358
6,036
23,332
39,322
24,315
42,183
24,315
42,183
0
-
24,315
42,183
26,227
2,895

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476; and

• The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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

There financial statements were approved by the board of directors and authorised for issue on 11 December 2023, and are signed on behalf of the board by:

Mr Afazor Miah Mr Jilu Miah (Chairperson) (Treasurer)

The notes on pages 13-16 form part of these financial statements.

12

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.

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:

● 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.

13

SHADWELL TRUST

( A Company Limited by Guarantee)

Notes to the financial statements

for the year ended 31 March 2023

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 2023
As at 31 March 2022
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
£
35,052
35,052
32,191
1,878
34,069
983
2,861
Unrestricted
Restricted
2023
£
£
£
-
20,000
20,000
1,720
1,720
19,252
19,252
-
5,400
17,000
22,400
-
-
-
-
841
841
-
6,241
57,972
64,213
Unrestricted
Restricted
2023
£
£
£
324
324
43,996
43,996
7,575
7,575
19,678
19,678
13
13
2,024
2,024
1,406
1,406
60
60
1,878
1,878
1,440
1,440
20
3,000
3,020
667
667
15,407
66,674
82,081		 Total
£
35,052
35,052
32,191
1,878
34,069
983
2,861
2022
£
-
20,000
1,350
10,902
-
14,200
-
-
-
-
1,336
11,196
6,241 58,984
Unrestricted
£
324
7,575
13
2,024
1,406
60
1,878
1,440
20
667		 2022
£
116
41,058
2,823
14,830
177
989
1,155
15
8,763
1,440
1,196
511
15,407 73,073

14

SHADWELL TRUST

( A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 MARCH 2023

6
Restricted Fund Movement
Opening
Restricted
Restricted
Balance
Incoming
Resources
01.04.22
Resources
Expended
£
£
£
Restricted Funds
-
57,972
66,674
-
57,972
66,674
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
01.04.22
Resources
Expended
£
£
£
-
57,972
66,674		 Closing
Balance
Transfers
31.03.23
£
£
8,702
-
8,702
-
2023
2022
£
£
62
62
(47)
3,094
2,880
2,880
2,895
6,036
2023
2022
£
£
43,283
40,417
-
641
43,283
41,058
43,283
41,058
43,283
41,058
-
-
5
5
5
5
None
None
-
57,972
66,674

Employees paid in excess of £60,000 per year.

No remuneration was paid to any trustees or their associates during the year ended 31.03.2023 nor at 31.03.2022.

9
Movement in Funds
As at 1 April 2022
Current year
Current year transfer
As at 31 March 2023		 Unrestricted Designated Unrestricted
Restricted
Free Reserve Reserve
Funds
Funds
Total
£
£
£
£
42,183
-
42,183
0
-
42,183
-
(9,166)
(9,166)
(8,702)
(17,868)
-
(8,702)
(8,702)
8,702
-
24,315
-
24,315
(0)
24,315

The charity has free reserves available of £25,965 (2022: £41,959).

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.

15

SHADWELL TRUST

( A Company Limited by Guarantee) Notes to the financial statements for the year ended 31 MARCH 2023

12 Transactions with Trustees

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

13 Contingent Liabilities

The company/charity had no contingent liabilities as at 31 March 2023 nor at 31 March 2022.

14 Related Parties Transactions

15 Gifts In Kind And Volunteers

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

16