SHADWELL TRUST
{ A COMPANY LIMITED BY GUARANTEE)
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
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 2024
CONTENTS
Page
1. Direclors'trruslees, Report
1to6
2. Independent Examiner Report
3. Statement of Financial Activities
4. Statement of Financial Position
5. Notes lo the Financial Statements
101013

SHADWELL TRUST
IA Company Limited by Guarantee)
Directors'nrustees, Report
for the year ended 31 March 2024
Company Information
Trustees / Directors
Mr Azafor Miah
MrAmaduddin Mahbub
Mr Jilu Miah
MrAbu Mumin
Company Secretary
MrAbu Hasanath
Company number
07213620
Charity number
1140130
Principal and Registered Office Tarling East Community Centre
63 Martha Street
London El 2PA
Examiner
Abacus Partners ILdnl LLP
Unit A, Abbotts Wharf
93 Stainsby Road
London E14 6JL
Banker
HSBC
75 Whitechapel Road
London El IDU

SHADWELL TRUST
IA Company Limited by Guarantee)
Dirertors'nrustees, Report
for the year ended 31 March 2024
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 ISORPI for charitie5.
Governing Instrument:
The companies1 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 l 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 interest5 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.

SHADWELL TRUST
IA Company Limited by Guarantee)
Directors'/Trustees' Report
for the year ended 31 March 2024
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 Ob ectives
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 ar5d community organisation located in the London Borough of Tower
Hamlets. OLtr seivices benefit primarily people living in the Shadwell Ward of Tower Hamlets.
What We Do
We provide young people in Shadwell with support, guidance and posltive 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 yOLfng
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.

SHADWELL TRUST
IA Company Limited by Guarantee)
Directors'/Trustees' Report
for the year ended 31 March 2024
Our Histo
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 Sha(Jwell. 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 redute 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 orEanisations and clubs to engage people young arkd
old in positive activities and take advantage of the many opportunities we provide for them
through our services.
Evenin
Youth Club
Shadwell YoLJth 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=OOpm.
Martial Arts Club
We offer weekly self classes for young people to promote physical and mental wellbeing and instil
discipline. The sessions are delivered by qualified coaches every Friday evening at Tarling East
Community Centfe from 6=30pm to 8..30pm
Self Defence Classe5 for Gir15
We offer self defence classes for girls, young women and local people from BAME communities in
the Shadwell ward and surrounding areas. We hope to increase their confidence, become more
resilient and access a range of activities and opportunities. The classes are delivered from Tarling
East Community Centre in partnership with Community Martial Arts Trust.
Art Classes for Home School Grou
We work with the local home schooling group to deliver art classes and cultural activities with
young children and their families. The classes have been used to experiment with clay work,
animation and Japanese art. We also use the classes to di5CUS5 issues of community safety and
what that means to the girls. This includes staying safe on the road, use of mobile phone and
online safety.
Deaf Club 16+

SHADWELL TRUST
IA Company Limited by Guarantee)
Directors'/Trustees' Report
for the year ended 31 March 2024
We work in partnership with Al-lsharah 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 eveninE at Tarling East Community Centre from
7:00pm to 9:00pm.
Jack Petche
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 helpinE
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.
Brid
the Ga
8ridging the Gap provides access to physical activity and mobility sessions to older people. The
activities are delivered from Tarling East Community Centre in partnership with Sonali Gardens.
Linkage Plus and Tower Hamlets Community Housing. Our physical activity and mobility sessions
are delivered on a weekly basis.
We also deliver Art classes to older people. The activities are delivered from Sonali Gardens. We want
older people to enjoy all of our activities and achieve social inclusion through participating in
recreational and positive diversionary activities out of their comfort zone. We hope to increase their
mental wellbeing, become more resilient and access a range of activities and opportunities.

SHADWELL TRUST
IA Company Limited by Guaranteel
Directors'nrustees, Report
for the year ended 31 March 2024
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 requirement5 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 below the policy level and the Trustees are reviewing this for 2025
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 £6,50712023- Deficit of £17,868) with total
funds of £17,80812023: £24,315) as at 31 March 2024. 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.
Dlrectors l Trustees, Responsibilities:
The trustees (who are also directors of The Rooted Forum for the purposes of company lawl are
responsible for preparinE the Trustees, Annual Report and the financial statements irk accordance with
applicable law and United Kingdom Accounting Standards IUK 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 IFRS 1021,.
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 companws auditor is unaware- and
as the directors of the company, we have taken all the step5 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.

5HADWELL TRUST
IA Company Limited by Guarantee)
Director5'/Trustees' Report
for the year ended 31 March 2024
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 arkd authorised for issue on Ilth
December 2024, and are signed on behalf of the board by=
MrAzafor Miah
(Chairman)

SHADWELL TRUST
IA Company Limited by Guarantee)
Directors'/Trustees' Report
for the year ended 31 March 2024
REPORT OF THE INDEPENDENT EXAMINER TO THE DIRECTORS I
TRUSTEES OF SHADWELL TRUST
l A Company Limited by Guarantee)
Forthe year ended 31 March 2024
I have examined the accounts anc5 slalements on pages 8 10 13 which have been prep8red on the
basis of accounting policies sel out on page 10.
Respectlve responsibllities of Trustees and Examiner:
The trustees Iwho are also the directors of the company for the purposes of company lawl are
responsible for the preparation of the accounts. The trustees consider that an audit is not required for
this year under section 144121 of the Charities Act 2011 Ilhe 2011 Acll and that an independent
examination is needed. The charity's gross income did not exceed £250,000 and l am qualified lo
undertake the examination by being a qualified member of ACCA.
Having satisfied myself that the charity is not subject lo audit under company law and is eligible for
independent examination, il is my responsibility lo".
examine the accounts under section 145 of the 2011 Act.,
lo follow the procedures laid down in the general Directions given by the Charity Commission under
section 14515llb} of the 2011 Act,. and
lo slate 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 ofthe 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 prO￿d￿reS undertaken do not provide all the evidence that would be required in
an audit and consequently no opinion is given as lo whether the accounts present a'true and fair view,
and the report is limited lo those mallers set out in the statement below.
Independent examinerfs ststoment
In connection with my examination, no matter has come lo my attention..
111 which gives me reasonable cause to believe that. in any material respect, the requirements..
lo 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
Slalement of Recommended Practice.. Accounting and Reporting by Charities
have not been met., or
121 to which, in my opinion, allenlion should be drawn in order to enable a proper understanding of the
acctsunts to be reached.
Nur Ahmèd Chowdhury FCCA
for and on behalf of
Abacus Partners (Ldnl LLP
Unil A. Abbolls VVh8rf
93 S18insby Road, London, E14 6JL
D8le.' 11 De￿Mber 2024

SHADWELL TRUST
l A Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 MARCH 2024
Totsl
2024
Totsl
2023
Unrestricted Restricted
INCOME AND EXPENDITURE
Notes
INCOMING RESOURCES
Charitable & Grant Income
9,000
58,490
67.490
1.226
63,372
Other Donation8
1,226
841
Total Income
10,226
58,490
68,716
64,213
RESOURCES EXPENDED
Charitable Aclivilies. Costs
58,011
58,011
66,674
15,407
Administrative Costs
17,212
17,212
Totsl Resources Expended
17,212
58,011
75,223
82,081
NET INCOME IDEFICIT FOR THE YEAR
16,9881
d79
16,5071
117,8681
Funds as at 1 April 2023
24,315
24.315
42,183
Fund movernent
Funds as at 31 March 2024
17.329
479
17,808
24,315
All incom8 and &xp8nditure are derived from continuing activitie8.

SHADWELL TRUST
l A Company Limited by Guarantee)
STATEMENTS OF FINANCIAL POSITION
AS AT 31 MARCH 2024
Total
2024
Total
2023
Notes
Fixed Assets:
Tangible Assets
983
Current Assets..
Debtors & prepayment5
Cash at Bank and in hand
22,983
22,983
28,227
26,227
Crèditors-.
Amount falling due within one year
5.175
2,895
Nèt Current Assets
17,808
23.332
Total Net Assets
17,808
24,315
Funds
Unrestricted funds.. General
Restricted Funds
17,329
479
24,315
Total Funds
17,808
24,315
For the year ended 31 Maich 2024 the company was entitled to exernplion from audit under section 477 of the
Companies Act 2006 relating to small companies.
Diieclorfs res
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 responsibil￿e$ foi cornptying wlh the requirements of the Act wth respect lo
accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable lo companies subject to
the small companies regirne, and accordance wth FRS 102 The Financial Reporting Standard applicable in the UK and
Republic of Ireland..
There financial slaternents were approved by the board of directors and authorised for issue on 16 J8nu8ry 2024, and
are signed on behalf of the board by..
Mr Afazor Mi8h
(Chairperson)
Mr Jilu Miah
(Treasurer)

SHADWELL TRUST
l A Company Limited by Guarantsel
Notes to the financial statements
for the year ended 31 March 2024
1 Accovnting Policies
1.1 Basis of preparation of account5=
The financial staternenls have been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement
of Recommended Practice applicable to charities preparing their accounts in a￿ordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20151- (Charities
SORP 2015 IFRS 1021.
The charity tneels the definition of a public benefit entity under FRS 102. Assets and liabilities are initially
recognised at historical cost or transaction v81ue un18S5 otherwise slated in the relevant accounting policy nolel8}.
1.2 Income Recognltlon..
All incoming resources ale included in the Statement of Financial Activities ISOFAI when the charity is legally
enlilled lo the incorne after any performance conditions hav8 b88n mel, th8 8tnount can b8 measured ieliably and il
is probable that the income will be ieceived.
Donation and other income recognised when received.
Grants for immediate expenditure ale accounted for when they becorne re￿1Vable.
Grants l Donation restricted to future accounting period 8re d&fetred and iecognised in those periods.
Grants l Donation for specific project are treated as restricted to the projects cjfwd 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 awording lo the inwme they relate lo as well as
using best possible professional judgements.
1.4 Support costs:
Support costs are those functions that aSS151 the woik of the charity bijl do not direolly undertake ¢haritsble
activrties. Support ctssts indude back office costs, finance, personnel, payroll and governance costs which support
the Tiusls programmes and activities. These costs have beèn allocated between cost tsf raislng funds and
expenditure on charitable activities.
1.5 Cashflow statement
The Company is exempt from including a statement of cash flows 85 Part of ts accounts, 85 1115 not cl8ssifi&d as
'large' as per Charities SORP IFRS 1021.
1.6 Tangible fixed assets and depr•elation'.
Grants including the grants for Ihg purchase of fixed assets are recogniseLI in full in the accounts in the year they
are given for.
Tangible fixed assets are stated at cost léss depreciakn'on. Depreciation is provided al the annual rates in order to
write off each class of 8s5e15 over its estirnated usefvl life.
Furniture, fittings and equipment
25/¢ on cost
1.7 Funds..
Unrestricted funds are available for use at the diseretitsn of thè tiusteès in furth6ranc8 of the general objectives of
the charity and which have not been desianaled for other purposes.
Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes.
The airn and use of each designated fund is sel out in the lloles lo the finanaal st8temenl8.
Restricted funds are funds whid) are lo be used in accordance wlh specific reslriclions imposed by donors or
which have been raised by the charity for particular purposes. The cost of raising and administering sueh funds are
charged against the specific ftjnd. Thè aim and use of each restricted fund 18 sel out in the notes to the financAal
statements.
10

SHADWELL TRUST
A Company Limited by Guarantee)
Notes to the financial statement5
for the year ended 31 March 2024
Ineomlng Resources
Incoming [esour￿$ are the amounts derived fiotn the piovision of ch8rit8ble services, the receipt of grftS.
subscriptions and grants falling within the charity's ordinary activities. Donations received for the general purposes
of the eharity ale 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 Iruslees.
3 Tangible Fixed Assets
Furniture, Fixture
& Equiprnenl
Tot81
Cost BIFwd
Addition
35,052
35,052
35,052
35 052
Depreciation..
Charges BIFwd
Ch8rge foi the year
34,089
983
35,052
34.069
1,878
35,052
Net Book Value
As 8131 March 2024
As at 31 March 2023
983
983
4 Incomin
resources
Unrestricted Restricted
2024
2023
G8rfi81d Weston Foundation
Jack Petchey
Ocean Youth Connexions - VRU
13 Rivers Ttusl
Misc. Income
18,750
2,240
18,750
2,240
20,000
1,720
19,252
22,400
841
9,000
1,226
37,500
46,500
1,226
Totsl Ineome
5 Rèsources ex
ended
Unrèslrict8d Réslricled
2024
2023
Subscriptions
Salaries, induding E'er NIC 8nd Pensions
Rent and insuian
Activities, cost
Printing, Post89è and Slalionery
Telephone,inlemet charges & IT
Marketing
Bank Interest and Charges
Depreciation on Fumiture, Fitting and Equipment
Accountaney Fees
Legal and Professional fees
Sundry
336
12,994
336
12,994
1,671
56,049
41
1,564
85
60
983
1,440
324
43,998
7,575
19,678
13
2,024
1,406
60
1,878
1,440
3,020
667
1.671
14,000
41
42,049
1,564
85
983
1,440
Total Expenses
11

SHADWELL TRUST
l A Company Limited by Guarantee)
Notes to the financial ststements
for tho year ended 31 MARCH 2024
6 Restricted Fund Movement
Opening
Restricted Restricted
Balance
Incoming Resources
01.04.23 Resources Expended Transfers
Closing
Balance
31.03.24
Restricted Funds
58,490
58,490
58,011
58,011
479
479
7 Crndltors: Amouftt Fallin9 Du• Within One Year
2024
2023
Pension Creditors
Paye Liabilities
Accruals
62
793
4,320
5,175
$2
1471
2,880
8 Staff Emoluments
2024
2023
Total waoes and salariès
Ernployei's NIC
Ernployer Pensions
12,950
43,283
44
43 283
Direct Charitable
Others
12,994
43,283
12,994
Avo No of employees.. Admin
Avo No of employees.. Direct
EtnDloyees paid in excess of £60,000 per year.
No remuneration was paid lo any trustees or their associates during the year ended 31.03.2024 nor al 31.03.2023.
9 Movement in Funds
Unrestricted Oesignaled Unrtslri¢ted RestriGled
Free Reserve Reserve
Funds
Funds
Total
As al 1 April 2023
24,315
24.315
24,315
Current year
16,9861
16,986}
479
16,5071
Current year transfer
As at 31 March 2024
The charity has free reserves available of £17,32912023'. £24,315).
10 Taxatlon
The entity does not undertake trading activities, and does not exceed any thresholds that would take away ils tsx
exemptions.
11 Post Balancè Shoat Events
There are no significant post balance sheet events to report.
12

SHADWELL TRUST
l A Company Limited by Guarante81
Notss to the flnancial statoments
for the year ended 31 MARCH 2024
12 Transactions with Trustees
There were no transactions with tiustees, or reimbursrnents made lo them during the year.
13 Conting8nt Llabilities
The companylcharity had no contingent liabilities as 8131 March 2024 nor at 31 March 2023.
14 Related Partiès Transactions
The entity hired out ils workspace lo 13 Rivers Trust for an annual fee of £9k in the year.
12022.'£5 4kl. Azafar Miah is 8 Trustee in both th8 Shadwell Tiust, and 13 Rivers Trust.
15 Gift5 In Klnd And Voluntsers
During Ihe year the companylcharity benefited from unpaid work performed by volunteèrs.
13