THE PEDRO CLUB REPORT AND AccouKrs FOR THE YEAR ENDED 31 MARCH 2025 REGISTERED CHARITY NUMBER 1195783 LONDON ACCOUNTANCY PRACTICE SOJOURNER TRUTH CENTRE 161 SUMNER ROAD LONDON SE15 6JL
CONTENTS PAGE 11 Legal and Administrative Details 2) Trustees, Report 3) Independent Examiners. Report 41 Statement of Financial Activities 51 Balance Sheet 3-9 10 11 12 6) Note to the Accounts 7) Detailed Income and Expenditure Report 1&14 15
REFERENCE AND ADMINISTRATIVE INFORMATION OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES 1. Derek Williams Ichairl 2. Diane Fenton 3. Mark Clarke 4. Bruce Baker 5. James Cook MBE 6. lan Whiteley 7. Trevor Dubery {Appointed 12 March 20241 8. Vivienne Connoll- Hall 1. Charty Rogistered Number 2. Date of charitable registration 3. Principal Off ice 1195783 10 September 2021 175 Rushmore Road London E5 OHD 4. Secretary Maralyn Gordon 5. Bankers Nat West Bank PIC 6. Independent examiner Ade Adebambo, MBA. ACMA. CGMA.
TRUSTEES, REPORT FOR THE YEAR ENDED 31 MARCH 2025 .The Board of the Trustees, who are the trustees for charity law pUrys0$, submit their annual roport and the financial statement of the Pedro Club tor the year ended 31. March 2025. The Board of Trustees confirm that the annual report and financial statement of the charity comply with current statutory requirements, the requirements of the charity's governing document and the provisions of the Statement of Recommended Practice ISORPI Accounting and Reporting by Charitses. Slruclure, Governance and Management The 8 Trustees are: Derek Williams (chairl Diane Fenton Mark Clarka Bruce Baker James Cook MBE lan Whiteley Trevor Duberry (Appointed 12 March 2024 Vivienne Connell- Hall The trustees play a primary role in ensuring good govemance and management of the charity. The charity relies heavily on its volunteers. Volunteers are integral to the success of the chartty and over the year there has been several indrviduals dedicating years and years of their free time to ensure continuation of all the charity's activilies and contributing to the charity's growth. In the February 2022, the charity obtained administrative support. This support a worker has been appointed interim CEO from 1, April 2023. The role has been financed by Hackney Council for the financial period. The CEO is responsible for the day-to-day management of the charity and overseeing the complete returbishment and regeneration of the Club. Recruitment and appointment of Iruslees.. New trustees are appoirbted by SeIng TrLJStees. Their recruitment and appointment are fully discussed al the meeting of the Truslees, Board. During the year. the Trustees have, with support of Chair, undergone a skills review audit lo prepare for recruitment of new trustees. An individual induction program is in place and implemented for each new Trustee, covering all relevant aspects of the role and the charity. TStee$ seek to ensure that all activities are within its agreed charitable objectives. The role of the Trustees includes setting stralegic direction. agreeing ihe linancial plan, approving grant-making application and monitoring grant activities. Matters reseNed for the trustees are approved by the Trustees and are subject to annual review. Risk Management.. The Trustees are committed to a policy of identifying. monitoring and managing the risks that might adversely aflect the activities in which they are involved. In this context, the risk is defined as potential to lail to achieve charty objectives and lor loss. financial and reputational, inherent in the environmenl in vthich they operate in the nature of the transactions undertaken.
TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees have continued to monitor major strategic. business and operational risk facing the charity. Systems are in the place to assess the risks monthly reports lo the Chair Trustees of Board enabling them to take steps to lessen the rtsks. Policies are in the place procedures observed in respect of the health and salety of staff, volunteers, and customers at the premises Reserve Policy". The Charity Commission requires charities to detemiine and explain their policy for free re- serves. The trustees have reviewed its free reserves policy and have turned its entire unre- stricted fund inlo an emergency reserve. lo meet its obligation for a period of 3 months in the event of a shortfall in income or sudden upturn in expenditiJre. Public Benefit: The trustees are of opinion that they have complied wtth the duty in seclion 4 of the Charities Act 2011 with regard to public benefit guidance published by the Charity Commission. Objecllves and Activities: The objectives of the CIO are.. lal lo advance in life and help young people liwng in London Borough of Hackney and surrounding areas I'the Area of benefit"} through {il the provision of recreational and leisure- time activities in the inlerest of social welfare designed to improve their conditions ol lif8 and lill provision ol support, advice and activity which develop their skills, capacities . capabilities to enable them to participate in S(lety as mature and responsible individuals., and (b} lo benefit the residenls of the of the area of benefit by associating together the said residents. the local authorities. voluntary and other organisations in common effort to advance education and to provide facilities in the interests ol social welfare for recreation and leisure- time occupation with the objecttve of improving the condition of the lrfe of the said residents. Achievements and performance: Our Mission is to support young people and their families to fulfil their potential Ihrough activities and seNices based in our community centre in Hackney. We provide our community with activities and seNices relating to health and well-being, employment skills education support, scla1. culture and mentoring ¢)pportunities and a rich program of sports. The warm hub space has been replaced by a community hub, which despite the lack of funding has continued to provide a wam safe space for the elderly community combating loneliness and isolation. Too sweet. a local Caribbean restaurant conlinues to donale soup evory Monday and the elderly also receive other refreshments including tea and coftee. Plan for Future Developments: The charity will continue to deliver community activities that benefit the disadvantaged, eldeily and children. The focus wll be holding as many fundraising activities as possible in order to match fund for the Refurbishment project. The board is in the pr(esS of recruiting new Trustees and volunteers with the relevant skills in financial management. project management, safeguarding and marketing communicalions.
Financial review: The Charity made a surplus of £7.710 in the financial year (2024:£14,6561. Restricted lunding of £21,656 was carried forward into Ihe New Year. The total income this year was £124,778 compared with £117,468 last year. The tolal reserve funds al the end of the year ar8 £49,381 including restricted lunds of £28,764. The charity earned revenue from room hire and subscription payments for membership to the boxing club. Granls were received from Hackney Council, Mazars Charitable Trust, Dennis Johns, Fannon Limited. Parsons Brodrick, Mr. Parsons. Ingeus UK Limited, Ringo and LEAF Federation. The charity continues to receive funding from Sir James Reckitt Charity which covers the annual ongoing costs. Statement of 8oard Trustees. responsibilities: The board of the Trustees are responsible for preparing Annual Report and Financial Statements in accordan with applicable law and United Kingdom generally Accepted Accounting Practice. Charity law applicable charities in England Males requires Board ol the Trustees lo prepare financial statements for each financial year which gives a true and lair view of the stale ol affairs of the Charity of the sUlUS or deficit of the Charity for that period. In preparing those financial statements the Board the Trustees have: Selected suitable accounting policies and applied them consistently, Made judgement and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in ihe financial slatements: and Prepared the linancial statemenls on a going concern basis {unless il is inappropriate to presume that the Charity will continue in opgralion). The Board of the Trustees has overall responsibility for ensuring that the charity has an appropriate system ol controls, financial and otheiSe. They are also responsible for keeping proper accounting records disclose with reasonable accuracy al any time the financial position of the charity and enable Ihem to ensure that the financial slalements comply wilh the Charity Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable sleps tor detection and prevention of fraud and other irregularities. The Board of ihe Truslees is responsible for the maintenance and integrity of the corporate and financial inlomiation. Legislation in the United Kingdom goveming the preparation and dissemination of financial statements may dtffer from legislation in other jurisdictions. Statement ol disclosure ol information to indendent examiner We as the Trustees of the Charity who held office at the date ol approval ol these financial statements as sel out on 8-9 and we each confirm , so far as are aware ,that: There is no relevant information of which the charitys independent examiner are unware" and we have Taken all the steps that we oughl to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that Charity's independent examiner is aware of that information.
WATIVJli The Pedro Club Annual Report on Activlties for the Year Ended 31 March 2025 Introduction The Pedro Club has continued to deliver vital services and opportuntties to the young people and wider community of Hackney throughout the year ending 31 March 2025. As one of London's oldest youth and community clubs, our mission remains rooted in providing safe. positive spaces where young people can thrive, develop discipline. and build resilience. while also extending support to families and senior members of the communty. This year has also been marked wtth sadness. as we moum the loss of our outstsnding leader, James Cook MBE, who dedicated his lrfe to helping others. His legacy lives on in the spirit and strength of The Pedro Club. Main Activities in 2024125 Boxing Training - engaging young people in disciplined training. fithess, and competition. Mentoring & After-school Clubs- providing structured support and a¢ademic assistance. Wellbeing Sessions- supporting mental health. resilien, and confidence. Community Events - strengthening local b.es and family involvement. Black History Month Actimties - c*lebrating history. culture, and positive role models. Seated Exercise for Seniors- promoting health. mobility, and inclusion.
Highlights of the Year The Pedro Boxing Show (May 2025) was an outstanding success. showcasing young talent. Progress continued the refvrbishment planning for the Club's facilities. The 8icyde Hub and Warm Hub initiatives expanded healthy lifestyles and community support. Seated exercise programmes grew. providing indusion and wellbeing for senior members. Funding partnerships with Mazars. The Charitable Trust, 11:11 Management. London Borough of Hackney, Jack Petchey Foundation, and Sir James Reckitt's ongoing support. Recognition and awards for the Club's enduring impact on the communty. Participation & Reach The Club works bwth over 13.800 people annualty. The boxing discipline. Mentoring, and after-school programmes. Communty events and senior initiatives further expanded our reach. ensuring that The Pedro Club continues to serve as a multi-generational hub for the borough. Financial Summary (Year Ended 31 March 2025) The Club's finances remained stable, with continued support from trusts, foundations, partner5, and individual donors. . Total Unrestricted Funds, Grants & Other Income: £52.646 Restricted Income". £86,882 . Total Income: £139.528 Funding and donations were gratefully received from the following partners and individuals- Mazars The Charitable Trust 11.'11 Management London Borough of Hackney Jack Petchey Foundation Sir James Reckitt Mr Parsons Brodrick
Ringo Limited Ingeus UK LEAP Federatron Chris Barton Dennis John5 Services Fannon Limtted Individual gifts and communty donations Looking Ahead The year ahead will see The Pedro Club build on its strong foundations by.. Advanang the refurt)ishment project to create improved faalities. Expanding mentoring and wellbeing programmes to address growing needs among young people. Developing further partnerships and funding streams to secure long-tem) sustainability. Continuing to promote boxing and communty sports as tools for empowerment. indusion, and resilien. Acknowledgements The Trustees and management of The Pedro Club extend their gratitude to all funders, volunteers, staff. and community members whose dedication and support have ensured another year of success. Together. wè remain o)mmitted to building brighter futures for the young people of Hackney. Derek Williams, Chairman, The Pedro Club
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PEDRO CLUB ON THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025. I report on the accounts of the Charrty for the year ended 31" March 2025, which are sel out on pages 11 to 12. Respective responsibilities of trustees and examiner The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 A) and that an independent examination is needed. It is my responsibility to". examine the accounts under section 145 of the 2011 Act; to follow the procedures lard dovm in the general Directions gwen by the Charity Commission under section 14515)(bl of the 2011 Act,. and to state whether particular matters have come to my attenlion. Basis of independent examiner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review ol 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 conceming 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 Vie and the report is limited to those matters set out in the statement below. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause lo believe that in, any material respect- accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with Ihe accounts.ng records. I have no concerns and have come across no other matters in connectio with the examination to which attention should be drawn in order lo enable a proper understanding of the accounts to be reached. Signed... Dat8 Ade Adebambo, MBA, ACMA. CG London Accountancy Practice Sojourner Truth Centre 161 Sumner Road London SE15 6JL io
ThE PEDRO CLUB STA TEMENT OF FINANCIAL ACNTIES FOR ThE YEAR ENDED 31 MARCH 2025 INCOMING RESOURCES Uiwestrietsd Restricted Fund Fund 2025 2024 Totsl Dorats aTrY &arts CIIEr Income Totsl Incoming Resowees 1202 2.444 e6,882 137,(194 2.444 117.468 9.9)5 126 973 Re$ource Expenthd rect chall1a ex[*e Gfftrronce Costs Totsl Resources experthl .543 79,774 130,317 1.500 131817 111.317 1.tK)O 112317 In Iclal Ij f Net le¥ervthkwel lor yeai Fj bae br(wtrl f[d F1 ba&rKe camed f¢JYdtd 7,107 21.656 7.710 42.121 14.6S8 27.465 20.465 li
THÉ PEDRO CLUB 8ALAMCE SHEET AS AT 31 MARCH 2025 2f12S 2024 CURRENT ASSETS Cash at 8ThJ kn 8{ 93.772 93.T12 43.121 43.121 CREDITORS: Amountj faHlng du• withln on• y••r NET CURRENT ASSETS 43.941 1.000 49.837 42.121 NET ASSETS 49031 CHARIIY FUNDS UniesiiidedfwK15 Resknded FwKts 21.( 28.783 20.465 TOTAL FUNDS 49,851 This report was awyoved by the Tnjstees on ltr...SeA.. IKt.2025 and signed on their be- half by Derek Imlliams {Chair}: 12
THE PEDRO CLUB NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES ACCOUNTING POLICIES 1.1 Basis of preparation of Financial Statements The financial statements are prepared under the historic cost convention and include the results of the company's operations which are described in the Board of trustees, Report and all of which are continuing. The accounts have been prepared in accordance with the Statements of Rec- ommended practi for company accounts. The company has taken advantage of the exemption of Financial Reporting Standard No 1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small company. 1.2 Incoming Resources 1.2.1 Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specrfic fulure period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period. 1.2.2 Grants received for specific Purposes are accounted for as restricted funds in the Statement of Financial Activtties. 1.3 Restricted Funds Restricted funds are to be used for specrfic purposes as laid down by the do- nor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs. 1.4 Unrestricted Funds Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds. 1.5 Designated Funds Designated funds are unrestricted funds eamiarked by the board of trustees for particular purposes. Resources Expended All expenditure is accounted for gross and when incurred. Direct charitable expenditure includes the direct costs of the actrvities and depreciation on related assets. Managefflent and administration comprise those costs relating to the Charity's central management and administration as opposed to its charitable acttvities. 13
1.7 Tangible Fixed Assets All expenditure that related to equipment has been charged to Statement of Financial Activities in the year of acquisition. 2. A register of assets is maintained. 3. CREDITORS 2026 2024 Electnc Bookkeeper CEO Salary Repairs aTrJ rrn91rtr Accowtsncy fees 4,288 2.653 43.941 1.000 14
TrE PEDRO CLUB DETAE0 INCOIE ANO EXPÉNOITIJRE ACCCXJNT FOR nE YEAR ENOEO 31 IAIRCH 202$ INCOIANG RESOURCES 2026 2024 Maza15 To F¢x¥lltJ FWKVI Itb 29) 1£) 16 29) 146 K Par56 8rththck 13¢ 13.L 12 (XX> Jack Pwctsy F(#nl LB Hackr Ljniknj 121 io.( 55 518 131XKI $5 518 13( 103.1 LEAP Federabr s8art io 10 Lmted &fts BoxrtwJ E 3.187 6670 6670 489_ 14750 5210 2870 TÈXal Lts 14760 1J9.628 126Jn Stall costs Rern rate 8 25.857 51.C T6.857 51.LXXI Repair5 & UasNÉThr Legal preth$ Lityl & Heabrrfj Velc ar¥J Tra& 15T3 3313 1.$73 3.313 3.7T4 1627 2916 61 8.939 3774 Trairsr CarY Wal 246 245 445 272 18 445 212 14>) 7X)3 C(Xftsry lee 423 423 16. 79.774 131.817 10.317 15