OpenCharities

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

2025-03-31-accounts

Charity registration number 1145291 (England and Wales) Company registration number 07667918

CIRCLE COMMUNITY LTD

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

CIRCLE COMMUNITY LTD

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees J Montague
R Coe
R Butler
M Gerrard
D Denisov
R Tyson (Appointed 29 April 2025)
Charity number (England and Wales) 1145291
Company number 07667918
Registered office 136 Kingsland High Street
London
E8 2NS
Independent examiner Frances Wilde FCCA DChA
Warner Wilde
Chartered Certified Accountants
4 Marigold Drive
Bisley
Surrey
GU24 9SF
Bankers The Charity Bank Limited
Fosse House
182 High Street
Tonbridge
TN9 1BE
Nat West Bank PLC
120 High Street
Barnet
EN5 5XQ

CIRCLE COMMUNITY LTD

CONTENTS

Page
Trustees' report 1 - 9
Independent examiner's report 10
Statement of financial activities 11
Balance sheet 12
Notes to the financial statements 14 - 26

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are pleased to present their report including the financial statements of Circle Community Ltd (the “Charity”) for the year ended 31 March 2025.

OBJECTIVES AND ACTIVITIES

The charity’s objects (the “Objects”) are specifically restricted to positively impacting the lives of those in need by reason of youth, age, disability, financial hardship or other disadvantage in any or all of the following ways:

1) The relief and support of those in need by reason of youth, age, disability, financial hardship or other disadvantage and their families and carers by;

2) To promote awareness of the issues affecting those in need by reason of youth, age, disability, financial hardship or other disadvantage, both generally and in relation to their social and workplace exclusion;

4) Advancing education and training for the public benefit, both generally and in relation to the social and workplace exclusion of those in need by reason of youth, age, disability, financial hardship or other disadvantage;

Our charitable activities are based on meeting the above objects. The charity delivers public benefit through the provision of our ‘Back Your Future’, training programme which supports disadvantaged young people aged 16-30 to acquire and develop workplace skills, capabilities and the desire to secure and sustain permanent employment, education or training.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

This is delivered through the following activities:

For those young people we support into jobs, once in work, we continue to help them through creating support plans with their employers and offering vital encouragement through weekly contact.

PUBLIC BENEFIT STATEMENT

When considering activities which contribute towards the charity’s work, Trustees have regarded section 17(5) of the Charities Act 2011 in relation to its guidance on public benefit. Guidance has been considered at trustee meetings when planning programmes and activities for Circle Community over the course of the year.

STRUCTURE GOVERNANCE AND MANAGEMENT

The governing document is the Memorandum and Articles of association of the company incorporated on 16th June 2011 as amended by special resolution registered at Companies House on 28th December 2011.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The trustees, who are also the directors for the purposes of company law, and who served during the year and up to the date of signature on the financial statements were:

John Montague – Chair Robert Coe – Treasurer Rebecca Butler Danny Unger (Resigned 28 April 2025) Michael Gerrard Denis Denisov Natalie Adubofour (Resigned 24 September 2024) Ann Gibson (Appointed 24 September 2024 and resigned 29 July 2025) Rebecca Tyson (Appointed 29 April 2025)

New Trustees are appointed by the existing Trustees.

The Trustees delegate the day to day running of the charity to Ms Turly Humphreys and her remuneration is agreed by the Trustees.

WHY OUR WORK IS NEEDED

“ Personally, before Circle, I was shy so was unable to approach customers on my first few days. However, the Store Training Manager was patient with me and helped me think up of conversation openers. These proved really useful, and I’ve used these in interviews and even in social situations since.

Another thing Circle provides is workshops. These can be cover-letter writing, interview techniques and confidence building. I found the ones I attended to be useful. They changed how I approached applications and interviews, and I found that more companies were getting back to me when I used the tips and tricks provided to me by Circle.

The last but most useful and my favourite part of Circle was their amazing Work Coaches. During the one-to-one sessions with my Work Coach his helping me apply to jobs, write cover letters and interview prep were really useful. He referred me to Circle’s Operations Director to prep for an interview I had with the Metropolitan Police. He helped me see the parts of the interview that I couldn’t see before. I owe my role as a Police Constable Apprentice to them both.

Thank you to all at Circle Collective for all your different forms of support. From the CV building to developing me as a person. I would recommend anyone who is job seeking to join Circle as they provide so much support .”

N, aged 19, Police Constable Apprentice with the Metropolitan Police

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

Most of the young people we support are those who are considered furthest away from the labour market. They often have complex lives and face multiple barriers to employment, for example, many come from black and minority ethnic groups who have low labour market participation, have low or no qualifications, no work experience and they are experiencing mental ill health. They often need help in developing the appropriate attitudes, resilience and behaviours to cope with typical work patterns. These cohorts of young people often fall through the gaps of other youth employment programmes.

According to the Office for National Statistics (ONS), 4.6% of people were unemployed in the period between February-April 2025, the highest rate since September 2021. Unemployment rates continue to remain disproportionately higher for young people with 14.3% of 18–24-year-olds unemployed in January to March 2025 vs 11.2% a year earlier. Young people are still struggling to secure meaningful employment and are set to bear the associated long-term consequences, including lower wages, inferior prospects, and poorer mental health.

“We believe that every young person who wants a job should be able to get one…and Circle is on a mission to make this happen .” Turly Humphreys, Circle Founder and CEO

We have demonstrated that the right support can reduce these barriers to work for even for the most marginalised youth, supporting over 1,300 young people into work since 2015. We address the root causes of problems that are barriers to employment and start with basic needs; paying particular attention to mental well-being and making sure no one falls through the net. We guide young people through their journey into/towards employment, education or training. We provide them with advisors, advocates, role models, mentors, connectors, peer support and above all, a safe space.

ACHEIVEMENTS AND PERFORMANCE

For the year 2024/25 we have seen our best year to date, with increased outcomes as a direct result of having a third delivery site in Canary Wharf within the borough of Tower Hamlets.

359 (334 in 2023/24) young people engaged with our Back Your Future employability programme

309 (243 in 2023/24) completed the programme

260 (193 in 2023/24) of those young people gained an outcome with 209 (170 in 2023/24) going into sustained employment and 51 (23 in 2023/24) into higher education or training.

New aspects to the programme such as additional wellbeing sessions and navigating the gig economy sessions have improved our service, alongside monthly feedback sessions that capture young people’s opinions which feeds into our delivery model.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

A high percentage of the young people we supported were still experiencing high levels of isolation and anxiety, directly linked to their experience in the pandemic, and we provided young people with a safe space and a sense of purpose and routine.

Our delivery model included the following:

Elevate 100 Project in Downham

We have been delivering a pilot project in partnership with Lewisham Council and Phoenix Community Housing to address the youth unemployment issues in the area.

After 2 years of research, youth led interventions and partnership work, we are trialling a new project that will look to change the way that young people engage with local services.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

This project is funded by the Youth Futures Foundation and we are currently putting in an application for Phase 2 funding which will take the project from February 2026 to July 2028.

“Before joining the Circle programme, I had been out of work for about eight months. Most of the work I had done previously was agency-based, which made it difficult to find stability. As a creative individual and a care leaver, I found it particularly hard to navigate traditional employment systems. I felt like I had never really been given the right tools or support to help myself build something long-term, and dealing with the Job Centre and government funding only added to the stress and confusion.

I was referred to Circle and joined the programme for three weeks. From the beginning, my Work Coach was incredibly supportive. She really took the time to understand my situation and helped me feel heard. She supported me with updating my CV, writing cover letters, filling out job applications, and preparing for interviews all things I had previously struggled with.

What stood out the most was how personal the support felt. My Work Coach and the team weren’t just ticking boxes, they genuinely cared. A, in particular, played a big role in helping me build my confidence again. I’d lost the ability to comfortably speak with people, and she helped me rebuild that skill bit by bit.

I was offered a job as a Support Worker, and I couldn’t be happier. It feels amazing to be in a role where I’m helping others something I’ve always wanted to do. I'm now on a path that feels meaningful and aligned with who I am. Circle helped me reconnect with my confidence and reminded me that I do have something valuable to offer. “

MD, 21, Support Worker @ Topline Support

Future plans

We are keen to further expand our geographical footprint and reach more young people across London by working with young people from our surrounding boroughs who have easy access to our three existing sites, whilst looking at the best position for a fourth site. We have taken on a new contract for supporting young people from Westminster borough and have co-written a contract with Lambeth council to help support their Care Leavers provision. We have diversified our work by partnering with the NHS trusts in North and East London to receive referrals from young people who have suffered a mental health issue as well as been through the justice department.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

We are in discussion with our long-term corporate partners, Landsec regarding new venues and are exploring the opportunities they present in Southwark and City of London. We are also looking at a follow-on contract in Southwark with British Land who we ran a pilot for during the year.

Over the next 12 months we plan to increase our staff capacity, as we physically expand, and to cope with demand and adapt to young people’s evolving needs. This would include a new Work Coach to help us increase our outcomes and cover new geographical contract areas.

We want to ensure that we can provide the best possible opportunities to those young people joining our programme.

We will be increasingly focused on expanding our employer partnerships and strengthening our relationships with businesses close to our locations. This will help us establish a consistent pipeline of job vacancies and opportunities that are exclusively available to the young people we support. We’re pleased to confirm a new partnership with Canary Wharf Group, which ensures we are introduced to new employers and corporates based at the Wharf. This enables us to assist with their recruitment needs and equality, diversity and inclusion (EDI) goals. Thanks to this collaboration, we’ve already seen successful engagement with several companies, including Tribe, Roe, Marceline, Northern Trust, At Home Pizza, Holland & Barrett, Moleskine, Yumzy, Läderach, and Capital Karts, with young people accessing entry level jobs across a range of sectors.

FUNDRAISING STATEMENT

We fundraise so that we can provide the services that deliver our charitable objectives and to deliver our mission that all young people that want a job are able to get one.

We have regard to the guidance provided by the Fundraising Regulator, and we actively support the Code of Fundraising Practice. We promise to be open, honest, clear, respectful, fair, reasonable and accountable.

Our warmest thanks go to everyone who has supported Circle Community this year. We are so grateful for the support of our wonderful corporate volunteers and companies who have provided us with hundreds of hours of pro bono support including mentoring, workshops and sharing career experiences and other in-kind donations.

We would like to highlight the support of our corporate partners, in particular Landsec and Canary Wharf Group, who are also our landlords in Lewisham shopping centre and the Jubilee Mall in Canary Wharf respectively, and who continue to support us and also our partnership in East London with UBS and also the support from Northern Trust.

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

We would also like to thank grant giving organisations who supported us in 2024-25 including:

British Land, East End Community Foundation, Forrester Family Trust, Garfield Weston Foundation, Henry Smith Charity, Jack Petchey Foundation, Landaid, The London Freemasons’ Charity, Merchant Taylors’ Company, Quintessentially Foundation, Tabhair Trust, The National Lottery Community Fund, The Vinters Company, Tower Hamlets Mayor’s Community Grants, UK Youth/Pears Foundation.

FINANCIAL REVIEW AND RESERVES POLICY

Circle Community’s principal sources of funds are grant giving organisations, statutory contracts and corporate donations, with a small amount of income received through individual donations.

Income for the year was £573,020 (2024: £407,340) and expenditure was £542,030 (2024: £494,255) giving us a surplus for the year of £30,990 (2024: deficit of £86,915).

The Trustees have reviewed the charity's needs for reserves in line with the guidance issued by the Charities Commission and produced a reserves policy which requires reserves to be developed to a reasonable level to ensure the charity can run efficiently and ensure the continuation of core activities during a period of unforeseen difficulty.

At 31 March 2025 unrestricted reserves were £33,559 and restricted reserves were £33,065.

The target band of cash on hand is to be between three and six months of Operating costs. This will be maintained in a realisable form – a bank account without access restrictions. For 2024/25 this band was calculated as £135.5k - £271.0k. At 31 March 2025, our total cash on hand was £220.7k.

TRUSTEES’ RESPONSIBLITIES IN RELATION TO FINANCIAL STATEMENTS

The Trustees (who are also directors of Circle Community Ltd for the purposes of company law) are responsible for preparing the Directors’ and Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards.

Company Law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of the Charity’s finances.

In preparing the financial statements, the Trustees are required to:

CIRCLE COMMUNITY LTD (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES’ REPORT (INCLUDING DIRECTORS’ REPORT) (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006.

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006

APPROVED BY THE BOARD OF DIRECTORS AND SIGNED ON ITS BEHALF BY

Robert Coe

Treasurer

Date

CIRCLE COMMUNITY LTD INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CIRCLE COMMUNITY LTD I report to the tnJstees on my 8xaminalion of the financial statements of Circle Community Ltd (the charity) for thè year ended 31 March 2025. R•sponslblliti•s and ba$1$ of report As the trustees of the charity land also its directors for the purposes of company lawl, you aro r8sponsibb for the preparatitsn Of the financial statements in accordanc6 wth the requiremtrnls ol the Companies Act 2006. Having satisfied myself that the financial statèments of thè charity arè not required to be audited under Part 16 of the Companies Act 2006 and are eligible for indepèndent 8xamin81ion. I report in respect of my examinaliijn of the charity's financial statements carried out under section 145 of the Gharitie5 Act 2011. In carying out my examination I have followed the Directions given by the Charity Commission under section 14515}Ibl of the Charities Act 2011. Independ•nt •xaminèrfs Statement Since the charity's gross income exceèdèd £250,000, the irKlependenl examiner must be a member of a body Ilsted in s8etion 145 of the Charities Act 201t. I confirm that l am qualtfied lo undertake the examination because l am a member of the Association of Chartered Cerbfied Accountants. which is on8 of the listed bodies. I hav8 completed my examination. I confitrn that no matters have come lo my attention In connectlon wlth thè examination giving me cause to bellèva that in 8ny material respect.. accounting records were not k&pt in respact of the charity as required by Section 386 of the Companies Act 2006. the financlal stsloments do not accofd with those records., or the finanaal statèmènts do not ¢ornply with the accounting requirements of saetion 396 of the Companies Act 2006 othèr than any r8quir8rnent that the financial statements gwe a truè and fair view, which is not a maiter consider6d as part of an independent exarnination,. or the financial statements hav& not been prepared in accordance with the mèthods and principbs of the Statement of Recommendad Pr8ctice for accounting and reporting by charities applicable to charities preparing their financial statèments in accordance with the FinancAal R&porting Standard applic8ble in the UK and Republic of Ireland IFRS 1021. I have no concams and have ￿)rne across no other matters In cf>nnèdon wth the examination to which attentlon should be drawn in this report in order to enable a propèr und8rstsnding of the financial statements lo be reachèd. Francas Wlld• FCCA DChA Wamer Wilde Chartered Certified Aeeountants 4 Marigold Drive Bisley Surrey GU24 9SF 10-

CIRCLE COMMUNITY LTD

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income from:
Donations and legacies
3
448,353
-
Charitable activities
4
20,315
103,947
Investments
5
405
-
Total income
469,073
103,947
Expenditure on:
Raising funds
6
34,095
-
Charitable activities
7
424,633
83,302
Total expenditure
458,728
83,302
Net income/(expenditure) and
movement in funds
10,345
20,645
Reconciliation of funds:
Fund balances at 1 April 2024
23,214
12,420
Fund balances at 31 March
2025
33,559
33,065		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
448,353
214,192
-
124,262
13,816
179,018
405
314
-
573,020
228,322
179,018
34,095
24,283
-
507,935
281,505
188,467
542,030
305,788
188,467
30,990
(77,466)
(9,449)
35,634
100,680
21,869
66,624
23,214
12,420		 Total
2024
£
214,192
192,834
314
407,340
24,283
469,972
494,255
(86,915)
122,549
35,634

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

CIRCLE COMMUNITY LTD

BALANCE SHEET

AS AT 31 MARCH 2025

2025
Notes
£
Fixed assets
Tangible assets
14
Current assets
Debtors
15
115,818
Cash at bank and in hand
220,709
336,527
Creditors: amounts falling due within
one year
16
(244,906)
Net current assets
Total assets less current liabilities
Creditors: amounts falling due after
more than one year
17
Net assets
The funds of the charity
Restricted income funds
20
Unrestricted funds
21		 2024
£
£
3,336
29,938
145,832
175,770
(145,393)
91,621
94,957
(28,333)
66,624
33,065
33,559
66,624		 £
5,257
30,377
35,634
-
35,634
12,420
23,214
35,634

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the trustees on .........................

..............................

R Coe Trustee

Company registration number 07667918 (England and Wales)

CIRCLE COMMUNITY LTD

STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025

Notes
Cash flows from operating activities
Cash generated from/(absorbed by)
operations
25
Investing activities
Purchase of tangible fixed assets
Investment income received
Net cash generated from/(used in) investing
activities
Net cash generated from financing activities
Net increase/(decrease) in cash and cash
equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year		 2025
£
-
405		 £
74,472
405
-
74,877
145,832
220,709		 2024
£
(5,345)
314		 £
(55,040)
(5,031)
-
(60,071)
205,903
145,832

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

Charity information

Circle Community Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 136 Kingsland High Street, London, E8 2NS.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's governing document, the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 2019). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Income

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

Costs of raising funds comprise of trading costs and the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose.

Expenditure on charitable activities includes the costs of delivering services to further the purposes of the charity and their associated support costs.

irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

straight line basis over 5 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

Items of equipment are capitalised where the purchase price exceeds £1,000.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently measured at their settlement value.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

3 Income from donations and legacies

Donations and gifts
Grants
Grants
Henry Smith Charity
UBS
London Borough of Lewisham
British Land Company
Garfield Weston
Jack Petchley
UK Youth Fund
Hackney
Tower Hamlets Council
Landsec Futures
Other
Income from charitable activities
Unrestricted
Restricted
funds
funds
2025
2025
£
£
Charitable activities
Training and other
income
20,315
-
Performance related
grants
-
103,947
Other income
-
-
20,315
103,947		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,652
2,291
446,701
211,901
448,353
214,192
13,333
40,000
77,797
-
60,000
32,200
5,000
7,500
33,750
22,500
23,100
17,800
20,000
20,000
73,000
-
37,500
25,133
12,500
12,500
90,721
34,268
446,701
211,901
Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
20,315
13,816
-
13,816
103,947
-
177,311
177,311
-
-
1,707
1,707
124,262
13,816
179,018
192,834		 Unrestricted
Unrestricted
funds
funds
2025
2024
£
£
1,652
2,291
446,701
211,901
448,353
214,192
13,333
40,000
77,797
-
60,000
32,200
5,000
7,500
33,750
22,500
23,100
17,800
20,000
20,000
73,000
-
37,500
25,133
12,500
12,500
90,721
34,268
446,701
211,901
Total
Unrestricted
Restricted
Total
funds
funds
2025
2024
2024
2024
£
£
£
£
20,315
13,816
-
13,816
103,947
-
177,311
177,311
-
-
1,707
1,707
124,262
13,816
179,018
192,834
214,192
40,000
-
32,200
7,500
22,500
17,800
20,000
-
25,133
12,500
34,268
211,901
Total
2024
£
13,816
177,311
1,707
192,834

4 Income from charitable activities

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

4 Income from charitable activities (Continued)
Performance related grants analysis
Charitable Charitable
activities activities
2025 2024
£ £
National Lottery Community Fund 1,667 -
East End Community Fund 31,650 30,750
Connected Futures 61,880 49,200
Forrester Family Trust - Back your future 8,750 -
YLF Hackney - Gig Economy - 9,253
UBS - 68,858
Tower Hamlets Council - 8,000
Other - 11,250
103,947 177,311
5 Income from investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 405 314
6 Expenditure on raising funds
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising and publicity
Other fundraising costs 34,095 24,283

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

7 Expenditure on charitable activities

Charitable Charitable
activities activities
2025 2024
£ £
Direct costs
Staff costs 311,133 285,472
Depreciation and impairment 1,921 297
Other staff and volunteer costs 1,877 3,466
Training costs 241 1,595
Evaluation 3,480 1,800
Rent, rates, utilities and other premises costs 23,744 24,452
Advertising 335 689
Event costs 6,692 2,732
Expensed equipment 525 3,339
Office supplies 2,232 3,601
Coaching fees 4,400 7,360
Other legal and professional fees - 7,307
Trustee expenses - 414
356,580 342,524
Grant funding of activities (see note 8) 119,788 92,206
Share of support and governance costs (see note 9)
Support 29,263 32,908
Governance 2,304 2,334
507,935 469,972
Analysis by fund
Unrestricted funds 424,633 281,505
Restricted funds 83,302 188,467
507,935 469,972

8 Grants payable

Charitable Charitable
activities activities
2025 2025
£ £
Grants to institutions:
Other 119,788 92,206

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

9 Support costs allocated to activities

9
Support costs allocated to activities
Depreciation
Communications and IT
Insurance
Memberships and subscriptions
Bookkeeping and accountancy
Governance costs
Analysed between:
Charitable activities
10
Net movement in funds
The net movement in funds is stated after charging/(crediting):
Fees payable for the independent examination of the charity's financial
statements
Depreciation of owned tangible fixed assets		 2025
£
-
8,934
871
416
19,042
2,304
31,567
31,567
2025
£
1,770
1,921		 2024
£
154
12,796
652
719
18,587
2,334
35,242
35,242
2024
£
1,800
451

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number of employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2025
Number
9
2025
£
272,956
22,969
15,208
311,133		 2024
Number
22
2024
£
251,263
19,909
14,300
285,472

The full time equivalent staff number is 7 (2024: 7).

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

12 Employees

(Continued)

The number of employees whose annual remuneration was more than £60,000
is as follows:
£70,001 to £80,000
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
Aggregate compensation		 2025
Number
1
2025
£
183,956		 2024
Number
1
2024
£
183,956

13 Taxation

The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.

14 Tangible fixed assets

Tangible fixed assets
Fixtures and
fittings
£
Cost
At 1 April 2024 11,764
At 31 March 2025 11,764
Depreciation and impairment
At 1 April 2024 6,507
Depreciation charged in the year 1,921
At 31 March 2025 8,428
Carrying amount
At 31 March 2025 3,336
At 31 March 2024 5,257

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

15
Debtors
Amounts falling due within one year:
Trade debtors
Other debtors
Prepayments and accrued income
16
Creditors: amounts falling due within one year
Notes
Deferred income
18
Trade creditors
Other creditors
Accruals
17
Creditors: amounts falling due after more than one year
Notes
Deferred income
18
18
Deferred income
Other deferred income
Deferred income is included in the financial statements as follows:
Deferred income is included within:
Current liabilities
Non-current liabilities
Movements in the year:		 2025
£
94,998
19,759
1,061
115,818
2025
£
224,738
13,832
1,926
4,410
244,906
2025
£
28,333
2025
£
253,071
2025
£
224,738
28,333
253,071		 2024
£
9,647
19,759
532
29,938
2024
£
125,630
14,238
1,925
3,600
145,393
2024
£
-
2024
£
125,630
2024
£
125,630
-
125,630

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

18 Deferred income (Continued)
Deferred income at 1 April 2024 125,630 112,946
Released from previous periods (125,630) (112,946)
Resources deferred in the year 253,071 125,630
Deferred income at 31 March 2025 253,071 125,630
19 Retirement benefit schemes
2025 2024
Defined contribution schemes £ £
Charge to profit or loss in respect of defined contribution schemes 15,208 14,300

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

20 Restricted funds

The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.

At 1 April At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
Back Your Future 7,372 103,947 (81,520) 29,799
Fixed Assets 5,048 - (1,782) 3,266
12,420 103,947 (83,302) 33,065
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
- - - -
Back Your Future 19,511 164,420 (176,559) 7,372
Navigating the Gig Economy 2,358 9,253 (11,611) -
Fixed Assets - 5,345 (297) 5,048
21,869 179,018 (188,467) 12,420

Back Your Future: is our main area of work and is funded by various funders including the Young Londoners Fund and Reaching Communities from The National Lottery Community Fund

Navigating the Gig Economy: is a programme funded by the Young Londoners Fund

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

21 Unrestricted funds

The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.

At 1 April Incoming Resources At 31 March
2024 resources expended 2025
£ £ £ £
General funds 23,214 469,073 (458,728) 33,559
Previous year: At 1 April Incoming Resources At 31 March
2023 resources expended 2024
£ £ £ £
General funds 100,680 228,322 (305,788) 23,214

22 Analysis of net assets between funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
At 31 March 2025:
Tangible assets
70
3,266
Current assets/(liabilities)
61,822
29,799
Long term liabilities
(28,333)
-
33,559
33,065
Unrestricted
Restricted
funds
funds
2024
2024
£
£
At 31 March 2024:
Tangible assets
209
5,048
Current assets/(liabilities)
23,005
7,372
23,214
12,420		 Total
2025
£
3,336
91,621
(28,333)
66,624
Total
2024
£
5,257
30,377
35,634

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

23 Operating lease commitments

Lessee

At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows:

Within one year
Between two and five years		 2025
£
8,196
10,245
18,441		 2024
£
8,196
18,441
26,637

24 Related party transactions

Transactions with related parties

During the year the charity entered into the following transactions with related parties:

Circle Sports C.I.C. is the trading element of the charity which is a commercial shop used to generate funds and also train our beneficiaries. Mr D Unger, a trustee of the charity, and Mrs T Humphreys, part of the key management personnel of the charity, are directors of Circle Sports C.I.C.

The following amounts were outstanding at the reporting end date:

Amounts owed by related Amounts owed by related
parties parties
2025 2024
Balance Net Balance Net
£ £ £ £
Circle Sports C.I.C. 19,758 19,758 19,758 19,758
19,758 19,758 19,758 19,758

CIRCLE COMMUNITY LTD

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

25
Cash generated from/(absorbed by) operations
Surplus/(deficit) for the year
Adjustments for:
Investment income recognised in statement of financial activities
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Increase in deferred income
Cash generated from/(absorbed by) operations		 2025
£
30,990
(405)
1,921
(85,880)
405
127,441
74,472		 2024
£
(86,915)
(314)
451
19,738
(684)
12,684
(55,040)