OpenCharities

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

2025-01-31-accounts

Ekota Academ Ltd y

Trustees’ Annual Report

Year Ended 31 January 2025

1. Reference and Administration

Name : Ekota Academy Ltd

Charity Number : 1196108

Company Number : 09940764

Registered Office : Aberdour Road, Goodmayes, Ilford, Essex IG3 9SP

Website : www.ekotaacademy.com

Contact Email / Telephone : contact@ekotaacademy.com, 020 8599 9383

Trustees / Directors : Shamima Akther CHOWDHURY, Sharmin BEGUM, Sayra RAHMAN, Sultana RAHMAN

Independent Examiner / Auditor : RK Accountants Ltd

2. Structure, Governance and Management

a. Governing Document & Objectives

Ekota Academy Ltd is a charitable company limited by guarantee. It is governed by its Articles of Association, which set out the purposes, powers, and the way the charity is to be administered.

The objects of Ekota Academy are to promote health, education, physical welfare, and community cohesion, particularly through sports, wellbeing, youth leadership, and community development, primarily in the local catchment area of London Borough of Redbridge & Barking & Dagenham, and surrounding communities.

b. Recruitment and Appointment of Trustees

The trustees are recruited through advertisement, nomination, and member vote. They receive induction and ongoing training.

Trustees meet quarterly to review strategy, governance, and oversight of operations.

c. Organisational Structure & Management

Day-to-day operations are carried out by a management team/staff/contractors/sessional staff and guided by the trustees. The Academy runs multiple programmes such as sports sessions, holiday camps, community/wellbeing initiatives, volunteer engagement, and partnership working.

Volunteers play a key role in delivering many activities; they are recruited, DBSchecked, and given training and support.

3. Charitable Purposes and Public Benefit

a. Charitable Objectives & Activities

During the year to 31 January 2025, Ekota Academy continued to deliver a range of programmes aligned with its mission:

These activities benefit the public by providing accessible, structured, healthy opportunities for children, youth, and community members, promoting physical and mental wellbeing, social inclusion, education, and community cohesion.

b. Public Benefit

Ekota Academy ensures that benefits are delivered in a way that is accessible to all, regardless of background, and aims to reduce barriers to participation (e.g. cost, location). The trustees confirm that they have considered the Charity Commission’s public benefit guidance, and that all activities are in furtherance of Ekota’s charitable aims.

4. Achievements and Performance

Key Achievements During the Year

Monitoring & Impact

The trustees monitor performance via metrics such as participant numbers, feedback surveys, retention, volunteer hours, partnership outcomes, and community reach.

In year to 31 Jan 2025 we served

Delivered the following sessions:

The trustees regularly review performance in relation to objectives and adjust programmes accordingly.

5. Financial Review and Reserves Policy

a. Financial Summary

Income Overview

For the year ended 31 January 2025, the organisation received total incoming resources of £295,279 , comprising £258,825 in restricted grants and £24,274 in unrestricted general funds and £12,179 in other income.

The major funding sources were predominantly grant-based, reflecting strong support from a diverse range of institutions and foundations. Significant contributors included:

Other notable grants came from Five Rivers Child , The Hargreaves Foundation , EW Cricket Trust , and TNLCF - The Million ours Fund , among others.

Unrestricted income was primarily from donations totalling £24,274 , showing continued community support and general fundraising effectiveness.

Expenditure Overview

Total expenditure for the year amounted to £224,884 , with the majority spent on core operational costs:

Other expenditure categories included utilities, repairs and maintenance, travel, stationery, insurance, and miscellaneous operational costs.

The expenditure pattern demonstrates a strong focus on program delivery and staff support, with subcontracting representing the largest single cost, reflecting reliance on specialised services to achieve program objectives.

Income vs. Expenditure

For the year, the organisation achieved a surplus of £70,395 , representing the excess of income over expenditure. When combined with the opening balances of £55,381 , the total carried forward at 31 January 2025 was £125,775 .

This indicates robust financial management and sustainability, ensuring that both restricted and unrestricted funds are effectively utilised while maintaining a healthy reserve for future activities.

Summary

Overall, the organisation maintained a strong financial position in 2024–25, supported by diverse grant income and community donations. Expenditures were carefully managed, emphasising program delivery and operational efficiency. The resulting surplus positions the organisation to continue its work with confidence into the next financial year.

b. Reserves Policy

The trustees believe it is prudent to maintain free reserves equivalent to 12 months of operational expenditure, to provide a buffer against fluctuations in funding, ensure continuity of activities, cover unexpected costs and unexpected funding cuts. The policy is reviewed annually.

At the yearend (31 January 2025), the free reserves stood at £125,775, which is within the target level. The trustees have plans to build or maintain reserves through diversified funding, cost control, and prudent budgeting.

If there are restricted funds, the trustees ensure that they are used in accordance with donor/funder restrictions and clearly tracked in the Statement of Financial Activities and notes.

6. Risk Management

The trustees regularly review organizational risks and review operational, financial, reputational, and safeguarding risks. Key risks include funding uncertainty, volunteer retention, compliance (e.g. safeguarding, health & safety), and external changes (e.g. policy, venue). Mitigation strategies include diversified funding, regular reviews, training, strong governance, and contingency planning.

7. Plans for Future Periods

Plans include:

8. Statement of Trustees’ Responsibilities

Trustees are responsible under the Companies Act 2006 and Charities Act 2011 for preparing accounts, maintaining records, and safeguarding assets.

They ensure the accounts give a true and fair view of the charity’s financial position.

9. Approval

This report was approved by the Board of Trustees on 16/05/2025 and signed on their behalf by:


Shamima Akther CHOWDHURY

______ Sayra RAHMAN

Sharmin BEGUM Sultana RAHMAN

Ekota Academy Ltd

Page 2

- Statement of Financial Activities (SOFA) For the Year Ended 31 January 2025

Incoming Resources
Grants
Subscription
Misc Income
Balance as at 31/01/2024
Outgoing Resources
Staffing Costs
Management & Administration Costs
Direct Charitable Expenditure
Net Incoming/Outgoing Resources
Before transfer
Gross Transfer Between Funds
Net Incoming/Outgoing Resources
after transfer
Balance Brought forward at 1st Feb 2024
Balance Carried forward at 31st March 2024
£
£
2025
2024
Restricted
Unrestricted
£
£
Funds
Funds
Total
Total
258,824.50
258,824.50
78,609.50
24,274.10
24,274.10
26,134.33
12,180.00
12,180.00
£
£
2025
2024
Restricted
Unrestricted
£
£
Funds
Funds
Total
Total
258,824.50
258,824.50
78,609.50
24,274.10
24,274.10
26,134.33
12,180.00
12,180.00
258,824.50 36,454.10
295,278.60
104,743.83
120,128.50
77,280.50
-
7,601.50
127,730.00
41,032.00
19,873.50
97,154.00
42,859.00
-
-
197,409.00 27,475.00
224,884.00
83,891.00
61,415.50
41,536.00
8,979.10
70,394.60
20,852.83
13,845.00
55,380.00
34,529.00
102,951.50 22,824.10
125,774.60
55,381.83

Page 3

EKOTA ACADEMY LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025

1.0' Basis of preparation

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevance note(s) to these accounts. These accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by Charity Commission.

1.2 Going Concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern.

2.0'

Accounting policies

2.1 Income

These are included in the Statement of Financial Activities (soFA) when:

Offsetting

There has been no offsetting of assets and liabilites or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102.

Grants and Donations

Grants and donations are only included in the SoFA when the genral income recognition criteria are met (5.10 to 5.12 FRS 102 SORP).

In the case of performance related grants, income is only recognised to the extent that the charity

has provided the specified goods or services as entitlement to the grant only oPage 1

performance related conditions are met (5.16 FRS 102 SORP).

2.2 Expenditures and Liabilities

Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.

Page 4

EKOTA ACADEMY LTD NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 JANUARY 2025

2.3 Tangible assets

These are capitalised if they can be for more than one year, and cost at least.

They are valued at cost. The depreciation rates and methods used are disclosed below

Asset category

Fixtures and fittings

2.4 Debtors

Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

2.5 Creditors

The charity has creditors which are measured at settlement amounts.

3.0'

4.0'

5.0'

Independent examiner's fees
Accountancy
Legal and professional
Staff costs
Salaries,wages and NICs
Employer NIC
Sessional Tutor's Fees
Pensions
Trainer's Fees
Average head count in the year
Charitable activities
FOR THE YEAR ENDED 31 JANUARY 2025
2025
2024
£
£
500.00
500.00
-
-
500.00
500.00
2025
2024
£
£
24,300.00
24,600.00
-
-
-
-
-
103,430.00
16,433.00
127,730.00
41,033.00
5
5

Page 5

EKOTA ACADEMY LTD NOTES TO THE ACCOUNTS

6.0'
Tangible Fixed Assets
Cost
At 1 April 2023
Additions
At 31 March 2024
Depreciation
At 1 April 2023
Charge for the year
At 31 March 2024
Net book value
7.0'
Debtors
Other debtors
8.0'
Creditors
Paye
Accountancy
9.0'
Reconciliation of funds:
Total funds brought forward
Net surplus/(deficit)
Total funds carried forward
2025
2024
£
£
11,102.00
11,102.00
-
-
11,102.00
11,102.00
-
-
-
-
-
-
11,102.00
11,102.00
2025
2024
£
£
4,384.00
1,089.00
4,384.00
1,089.00
2025
2024
£
£
869.00
367.00
1,928.00
2,000.00
2,797.00
2,367.00
2025
2024
£
£
55,380.00
34,529.00
70,395.00
20,851.00
125,775.00
55,380.00

Page 6

EKOTA ACADEMY LTD DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY 2025

2025 2024
£ £ £ £
INCOME Restricted Unrestricted Total Total
Grants:
Barking and Dagenham 1,650.00 - 1,650.00 5,020.00
Bauer Radio's 2,160.00 2,160.00 -
CHARLES S FRENCH C 2,000.00 2,000.00 -
COMPASS WELLBEING � 49,950.00 49,950.00 -
ECCC 3,870.00 3,870.00 -
EDUCATION ECOM 550.00 550.00 -
GARFIELD WESTON FO 15,000.00 15,000.00 -
GO LONDON - GLA 24,270.00 24,270.00 -
JACK PETCHEY FOUND � 2,700.00 2,700.00 -
LIFELINE COMMUNITY 1,000.00 1,000.00 -
LONDON CATALYST 4,950.00 4,950.00 -
London Youth 11,300.00 - 11,300.00 7,750.00
EW Cricket Trust 10,000.00 - 10,000.00 8,700.00
LBTH Small Grants
Groundwork London 1,996.00 1,996.00 7,919.00
MAYOR S F LONDON F 5,200.00 5,200.00 -
Vision Red Culture 4,387.00 4,387.00 6,771.00
VRU INNOVATION FUN � 42,314.00 42,314.00 -
THE HARGREAVES FOU � 15,100.00 15,100.00 -
Main Grant 21,319.35 - 21,319.35 16,062.00
ESC Lottery Fund 13,000.00 13,000.00 9,920.00
TNLCF - THE MILLIO BGC 15,438.15 - 15,438.15 4,467.00
SPORTED FOUNDATION � 10,670.00 10,670.00 -
The London Marathon - - 10,000.00
The RCBS - - 2,000.00
Sub Toal : Income (Grants) Received: 258,824.50 - 258,824.50 78,609.00
General Funds - Other Income Received:
Subscription - 24,274.10 24,274.10 26,134.00
Wapping Youth Ltd - - - -
HMRC JRS Grant - - - -
Rental from premises 12,180.00 12,180.00
Total Incoming Resources : 258,824.50 36,454.10 295,278.60 104,743.00

EXPENDITURES

Wages, salaries and NICs 21,870.00 2,430.00 24,300.00 24,600.00
Freelancer 98,258.50 5,171.50 103,430.00 16,433.00
Other Direct Cost 9,594.80 1,693.20 11,288.00 14,686.75
Travel & subsistence 481.10 84.90 566.00 402.75
Light & heat 6,843.20 1,710.80 8,554.00 7,049.25
Stationery and Printing - - - 109.50
Insurance 330.00 110.00 440.00 432.00
Repair and maintenance 9,416.00 2,354.00 11,770.00 1,941.25
Bank Charge 23.25 7.75 31.00 -
Sundry expenses 5,185.10 272.90 5,458.00 1,309.50
Accountancy Fees 375.00 125.00 500.00 500.00
Rent 25,972.00 6,493.00 32,465.00 11,742.00
Bangla Youth Movement - - - -
Other Legal and professional fees 12,706.25 668.75 13,375.00 4,205.25
Advertising and PR 6,353.50 6,353.50 12,707.00 480.00
TOTAL EXPENDITURE 197,408.70 27,475.30 - 224,884.00 83,891.25
FOR THE YEAR ENDED 31 JANUARY 2025
Excess of Income over Expenditure: 61,415.80 8,978.80 70,394.60 20,851.75
Balance Brought forward at 1st Feb 202 41,535.56 13,845.19 - 55,380.75 34,529.00
Balance Carried forward at 31st March 2 102,951.36 22,823.99 - 125,775.35 55,380.75

Page 7

EKOTA ACADEMY LTD BALANCE SHEET AS AT 31 JANUARY 2025

Notes
Fixed Assets
Tangible assets
6
Intangible assets
Current assets
Debtors
7
Cash at bank and in hand
Creditors: amounts falling due
within one year
8
Net Assets
Movement of funds
Total funds brought forward
9
Net surplus/(deficit)
Net funds
4,384.00
101,886.00
2025
£
11,102.00
11,200.00
1,089.00
34,855.00
35,944.00
2,866.00
-
103,473.00
125,775.00
2025
£
55,380.00
70,395.00
125,775.00
2024
£
11,102.00
11,200.00
33,078.00
106,270.00
2,797.00
-
55,380.00
2024
£
34,529.00
20,851.00
55,380.00

We confirm that we have made availble all relevant records, bills, vouchers, information and explanation for the preparation of the above balance sheet and the annexed Income and Expenditure Account of Ekota Academy Ltd and approve the financial statements as accurate account of the surplus of the income and also the correct state of the affairs of the charity as at 31st January 2025.

Approved by the Management Committee and signed on its behalf:

…............................................ …............................................... Sultana Rahman Sayra Rahman Trustee, Company Chair Trustee, Company Secretary

…...............................................

…............................................. --------------------------------------Sharmin Begum Shamima Akhtar Chowdhury Trustee, Treasurer Trustee

Page1

Independent Examiner's Report to the Management Committee of the Ekota Academy Ltd for the Year Ended 31 January 2025

We report to the Management Committee on our examination of the accounts of the above charity ("The Trust") for the year ended 31[st January] 2025 set out above.

Respective responsibilities of the Management Committee and Examiner

As the charity's Management Committee, you are responsible for the preparation of the accounts in accordance with the requirements of the charities Act 2011 ("the Act"). They Consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the charities Act) and that an independent examination is needed.

We report in respect of our examination of the trustee's accounts carried out under section 145 of the 2011 Act and in carrying out our examination. We have followed all the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent Examiner's Statement

We have completed our examination. We have confirmed that no material matters have come to our attention in connection with the examination (other than that disclosed below*) which gives us cause to believe that in, any material respect:

We have no concerns and have come across on other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.

….................................................... Prepared by RK Accountants Ltd Hall 3, The Whitechapel Centre 85 Myrdle Street London, E1 1HQ