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2024-03-31-accounts

Registered Charity No. 1033081 Company No. 2890964

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2024

FOR

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

PAGE
INDEX 1
Reference and administrative information 2
Report of the Trustees 3
Report of the independent examiner 26
Statements of fnancial activities 27
Balance sheet 28
Notes to the fnancial statements 29

1

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

Reference and administration information

Charity Name: Haringey Sports Development
Charity Registration Number: 1033081
Company Registration Number: 2890964
Registered Ofce: New River Sports Centre
White Hart Lane
London
N22 5QW
Operational Address: White Hart Lane Community Sports Centre
White Hart Lane,
London
N22 5QW
Trustees and Management Committee: J. R. Bruck (Chair)
D. Thomas (Vice Chair)
H. Rayfeld
F. Jackson
B. Hayley
Senior Management Team: Burk Gravis MBE (C.E.O.)
Karen Gravis (S.D.O. Admin)
Craig Gravis (S.D.O.)
Independent Reviewer: Amy Loveng CIPFA, CIMA
London
N22 8LR
Bankers: National Westminster Bank
P.O. Box 500
Baird Road
Enfeld
Middlesex EN1 1EN

2

HARINGEY SPORTS DEVELOPMENT TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024

The Trustees, who are also directors of the Charitable Company for the purposes of the Companies Act 2006, present their report with the financial statements for Haringey Sports Development (the Charity) for the year ended 31st March 2024. The Trustees have adopted the provisions of 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 1st January 2019).

The Trustees have complied with the duty in section 4 of the Charities Act 2011 to have due regard to guidance published by the Charity Commission regarding Public Benefit.

Structure, Governance and Management

Governing document

The organisation is a Charitable Company Limited by Guarantee, incorporated on 25th January 1994. The Company was established under a Memorandum of Association which established the objects and powers of the Charitable Company and its Governing under its Articles of Association. In the event of the Company being wound up Members are required to contribute an amount not exceeding Ten Pounds (£10).

Recruitment and Appointment of Management Committee

The Directors of the Company are also Charity Trustees for the purpose of Charity law and under Company’s articles are known as Members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the Members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next General meeting.

Due to the nature of the Sports Development Programme the focus is upon young people. The Management Committee seeks to ensure that the needs of The Trust are appropriately reflected through the diversity of the Trustee body. Educational and Sporting Skills are well represented on the Management Committee as are Business Skills. In 2023/24, Helen Rayfield was approached and agreed to become a trustee. Martin Johnson resigned as a trustee after many years of loyal service.

Trustees Induction and Training

Current Trustees are already familiar with the practical work of the Charity, and involve themselves actively in the programme. New Trustees are sought invariably from the fields of Education, Sport and Leisure. New Trustees have the opportunity to shadow a current Trustee and the CEO.

in Haringey and beyond.

management level and ensure our offer remains relevant.

RISK MANAGEMENT

The Management Committee has conducted a review of the major risks to which the Charity is exposed. A risk register has been established and is updated at least annually. Where appropriate, systems of procedures have been established to mitigate the risks the Charity faces. External risks to funding have led to development of a long-term Business Plan. All coaches and staff have completed, or are currently undertaking, Governing Body Coaching Courses, First Aid, Child Protection and Equity in Coaching. All coaches working for The Trust have been Police Checked, as have all the Trustees. All events organised and run by the Trust are fully risk assessed.

The Charity’s major operational risk is to ensure that it has appropriate controls in place. The Trustees have reviewed the adequacy of the Charity’s current Internal Controls. This review confirms that the Charity’s internal Financial Controls, in particular, conform to Guidelines issued by the Charity Commission. The systems of Internal Control are designed to provide reasonable, but not absolute, assurance against Material Misstatement or Loss.

They include:

Related parties

In so far as it is complimentary to the Charity's objects, the Charity is guided by both Local and National Initiatives and Local Needs.

3

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

REPORT OF OBJECTIVES AND ACTIVITIES 2023/24

Borough Context

The borough of Haringey is located in North London with a population of approximately 264,300, BME or other white ethnic groups account for 67% of the resident population. There are over 180 community languages spoken in the borough; almost 30% of Haringey residents do not speak English as their main language of whom one in four either do not speak English well or at all. Haringey is ranked 30th most deprived in England and sixth most deprived district in London according to the Index of Multiple Deprivation (IMD).

Background to the Trust

Faced with the need to make drastic budget reductions in 1991, Haringey Council closed the borough’s Sport Development Team ‘Community Action Sport’, leaving no provision of local sports development and opportunities for young people to play sport and be active.

Burk Gravis, Haringey Sports Development Trust (The Trust) CEO, set up Haringey Sports Development in 1992 with early backing from the Tottenham Grammar School Foundation which had recently extended its brief from support to poor boys in Tottenham to support for young people throughout the borough of Haringey.

young people should have the opportunity to take part in sport and that Haringey schools needed help to ‘develop School Sports and high quality Physical Education’.

An early part of the Trust’s work was coordinating the borough entry of young people into the London Youth Games with an early stated ambition to win the overall trophy. Before 1992 Haringey had not finished inside the top twenty of the 33 London Boroughs taking part. Today the Trust enjoys an enviably high reputation across the community sports sector in London and has now taken Haringey to first place in the London Youth Games lifting the Jubilee Trophy in 2022 and again in 2023.

Partnerships

The School Sport Partnerships established by the Labour Government through Sport England and the Youth Sport Trust provided a golden opportunity for the Trust to work with the Partnership Development Managers of the two School Sports Partnerships in Haringey from 2003. This initially gave the opportunity to support the work in schools by providing coaches and competition opportunities.

The Youth Sport Trust 2009 National Conference had as its theme ‘Developing a Sustainable Legacy’. This was prophetic as in 2010 the Coalition Government abolished the School Sport Partnerships replacing them with a stripped down School Games Programme and a new acronym of PESSPA (Physical Education, School Sport & Physical Activity) for young people.

Because of the Trust’s established links with the schools it was well placed to support the work of the School Games Organisers and the Haringey School Sports Association (HSSA) to develop school sport in Haringey. The success of the partnership was reflected in Haringey becoming London School Games Champions seven times in a row paving the way towards the current London Youth Games success. The HSSA became a part of the Trust in 2018.

to all the borough schools and supports the PESSPA strategy with an unmatched programme of Continual Professional Development in Physical Education for Primary and Special Schools managed by the Trust and delivered by former PE Advisers and national leaders in AfPE (The Association for Physical Education) Jan Hickman and Kim Henderson. The Trust has worked with Healthy Schools to support and provide opportunities for physical activity for young people.

able model for Sports Development. On his departure from post, a senior Haringey Council local government leisure of ficer wrote to the CEO praising his work and that of the Trust:

‘Hi Burk, Just wanted to say thanks for all your support during my tenure at Haringey.

Your impact in the community has been profound and it’s been great working with and learning from your depth of knowledge and experience.

You’ve left an incredible legacy that goes unmatched in not just Haringey but London as what you’ve built and grown is unmatched.

I look forward to staying in touch as a friend and advocate of your work’.

4

HARINGEY SPORTS DEVELOPMENT TRUST (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024

Young Ambassadors and Sports Makers

lifestyle, dealing with obesity and wellbeing. The Young Ambassadors Programme Upskills Young People in gaining Leadership and Coaching Qualifications and opportunities in a variety of Sports linked to the School Sport and London Youth Games Sports, which then enables them to become Ambassadors in Sport and Volunteering Opportunities which can lead to part time/full time employment.

Holiday Sports Camps

These sports camps are now in their 31st Year; they attract excellent reviews and continue to be fully booked over Easter and the Summer.

The camps link to Duckett’s Common Basketball Programme (which has a high profile and ever-increasing popularity amongst youngsters) attracted in the region of 60-70 youngsters every day from all over the Borough.

This is achieved by Delivering Programmes direct into the Schools after School Clubs, and by using the same Coaches from the Schools Programme. Working on the Schools Programme Parents and Youngsters are encouraged and enthused to attend the Holiday Provision.

The Programme this year has Twilight Basketball delivered at TPL with huge success. Featuring in the Evening Standard magazine and interest from 5 Live, One Show and addition Selby Centre has been added to the programme with Basketball being delivered.

Funding

The Tottenham Grammar School Foundation has been our main support since the Trust’s inception in 1992 and we look forward to maintaining this relationship. The Trust has also secured funding from a number of National Agencies including Sport England and the Home Office to increase capacity, The Trust is always seeking additional funding through a variety of avenues and promoting the success of the programmes to attract possible sponsorship.

Whilst securing funding is always a challenge, the success of our programmes continues to attract funding from Tottenham Grammar School Foundation, Haringey Council and Street Games.

Our vision

Our Principle objectives are

5

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d) LONDON YOUTH GAMES 2023

WINNERS OF THE JUBILEE TROPHY AT THE LONDON YOUTH GAMES FOR THE 2ND YEAR RUNNING

6

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

Points
Boys Girls Total Position
Aquathlon 13 12 25 Aquathlon 5
Athletics 120 110 230 Athletics Boys 2
Athletics (Para) X X X Athletics Girls 6
Badminton 35 30 65 Para Athletics (Para) Boys 2
Basketball 65 60 125 Para Athletics (Para) Girls 2
BMX 5 1 6 Badminton 10
Boccia 15 10 25 Basketball Boys 3
Cricket 40 35 75 Basketball Girls 5
Cross Country 300 240 540 BMX 12
Road Cycling 15 1 16 Boccia 1
Football 0 85 85 Cricket (Indoor) Boys 9
Judo 6 1 7 Cricket (Indoor) Girls 1
Kayak Slalom 5 5 10 Cross Country Boys 10
Kayak Sprint 5 5 10 Cross Country Girls 4
Swimming (Para) 5 5 10 Road Cycling 14
Tennis 5 5 10 Football 1
Indoor Rowing 25 10 35 udo Boys 10
Football (Para) 30 25 55 Judo Girls 17
Hockey 35 35 70 Kayak Slalom 10
Netball 0 80 80 Kayak Sprint 12
Sailing 5 5 10 Swimming (Para) Boys 6
Swimming 30 25 55 Swimming (Para) Girls 8
Table Tennis 80 5 85 Tennis 4
Trampoline 5 20 25 Rowing (Indoor) 3
Volleyball 25 20 45 Football (Para) Boys 2
1699 Football (Para) Girls 1
Hockey Boys 2
Hockey Girls 1
Netball 12
Sailing 4
Swimming X
Table Tennis Boys 5
Table Tennis Girls 13
Trampoline 7
Volleyball Boys 8
Volleyball Girls 13

7

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

Easter Ducketts Common Basketball Programme Easter Selby Centre Programme May Half Term Ducketts Common Programme May Half Term Selby Centre Basketball Programme Summer Ducketts Common Basketball Programme Summer Ducketts Common Volleyball Programme Summer Selby Centre Programme Hornsey Girls Year 7 Summer Programme Hornsey Basketball After School Programme After School Table Tennis

650 attended Organised by Haringey Basketball Association 85 attended Organised by Haringey Basketball Association 550 attended Organised by Haringey Basketball Association 150 attended Organised by Haringey Basketball Association 2800 attended Supported by Haringey Basketball Association 750 attended Volleyball Coach 750 attended Haringey Basketball Association 850 attended Organised by Sports Games Organisers Monday to Friday – Multi Sport

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8

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London Mini Marathon V I 466 67 112 18

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HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

Duckett’s Common Basketball Programme

TPL (as the Basketball Arena is now called by the Young People) is now one of the most known and popular Arenas for Basketball in London, which is basically situated in a Park with a history of Gang Issues, Anti-Social Behaviour, Drugs and Alcohol related problems.

By providing Holiday provision and Basketball 3 on 3 Competitions throughout the year many of the issues are decreasing and by having The Ball Out Competition being run at TPL, which is promoted by Nike Town, the presence of the Metropolitan Police show partnership working.

The programme attracts youngsters from eight years of age leading to Adults over 30. A cross-section of youngsters that were Gang Leaders/Members, Youngsters involved in Anti-Social Behaviour and Inactive Young People that then attended Leaders Courses and become Future Coaches.

The programme had an attendance of some 60 youngsters every day who were involved in Coaching Sessions and 3 on 3 play. In addition, the programme included the Twilight Basketball programme, which proved hugely successful with attendances hitting 70 youngsters.

The programme attracted attention from the media in the form of the Evening Standard, The One Show and 5 Live. The programmes were delivered within Covid restrictions with additional programmes being run at Selby Centre.

Duckett’s Common Basketball Programme

22

Duckett's Common Basketball Programme .'1 I',,!f

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

Summary

Since our last update, the Trust has extended its outreach, now working with 53 primary schools, ten senior schools, and four special needs schools across the Borough. Our School Holiday Programmes have grown, now hosted at three sites: The Selby Centre, Hornsey School for Girls, and Duckett’s Common, an area facing challenges of deprivation and antisocial behaviour. This expansion has positively impacted local commerce and garnered support from the Metropolitan Police and the Local Council.

in London. This calendar includes around 29 sports from September to July, supporting the London Youth Games and providing local clubs with participation opportunities. The Selby Centre, situated in a high-deprivation area in Tottenham, boasts a strong basketball program. At Hornsey Girls School, the Summer Programme has significantly influenced new and current Year 7 students, demonstrating the lasting impact of Sports on Girls' participation rates.

We've also focused on strengthening local clubs by increasing activity levels, particularly among girls. Through the London Youth Games, we've made gradual progress, which includes Coaching Education Programmes and volunteering opportunities at major sports events in London. Additionally, our support for schools in securing equipment funding has been a major focus this year, helping athletes achieve at county and international levels.

Future

programmes and expand where feasible, especially considering the financial constraints post-pandemic, which severely affected sports in many areas. As a small Trust, our focus is on sustainable growth and understanding the pressures faced by our partners, including schools, clubs, and parents.

our ambition is to secure further wins and at least top five placements. We hope to demonstrate to other London Boroughs that it's possible to rise from the bottom to the top through robust sports development.

Finally, we plan to review and update our Business Plan for the next three years, adapting to the evolving landscape of sports and community needs and develop our website and social media profile to attract more young people to adopt physical activity and healthy lifestyles.

Responsibilities of the Management Committee

The Members of the Management Committee are responsible for preparing the Financial Statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.

true and fair view of the state of the affairs to the Charitable Company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing those Financial Statements, the Management Committee should follow best practice and: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; Prepare the Financial Statements on the going concern basis unless it is inappropriate to assume that the Company will continue on that basis; Ensure Policies are updated and additional Policies written where needed or improved.

The Committee is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charitable Company. To enable them to ensure that the Financial Statements comply with the Companies Act 2006. The Management Committee is responsible for safeguarding assets of the Charitable Company and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

So far as the Members of the Management Committee are aware, there is no relevant information of which the Charitable Company’s independent examiners are unaware, and each Member of the Management Committee has taken all the steps that they ought to have taken as a Member of the Management Committee in order to make them aware of any relevant information and to establish that the Charitable Company’s independent examiners are aware of that information.

Members of the Management Committee

Members of the Management Committee, who are Directors for the purpose of Company Law and Trustees for the purpose of Charity Law, who served during the year and up to the date of this report are set out on page one.

24

I HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2024 (cont’d)

This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by Charities (issued in March 2005) and accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small entities.

Amy Loveng has been appointed as the independent reviewer. A resolution proposing this appointment will be submitted at the forthcoming Annual General Meeting.

Approved by the Management Committee on 20th December 2024 and signed on its behalf by:

…………………………………………

D Thomas – TRUSTEE

25

HARINGEY SPORTS DEVELOPMENT

(A COMPANY LIMITED BY GUARANTEE)

INDEPENDENT REVIEWERS REPORT TO THE TRUSTEES OF HARINGEY SPORTS DEVELOPMENT LIMITED (‘THE COMPANY’)

Independent reviewer report

I report to the charity Trustees on my review of the accounts of the Company for the year ended 31st March 2023.

Responsibilities and basis of report

As the charity's Trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

and are eligible for independent review, I report in respect of my review of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my review I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent reviewer's statement

Since the Company’s gross income exceeded £250,000 your reviewer must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the review because I am a member of the Chartered Institute of Public Finance and Accountancy (CIPFA) in England and Wales, which is one of the listed bodies.

examination giving me cause to believe:

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

Amy Loveng CIPFA, CIMA London N22 8LR

Date: 18th December 2024

26

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE) STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2024

Note
Unrestricted
Funds
2024
£
Incoming resources
Incoming resources from generated funds:
Voluntary income
Donations and grants
2
Activities for generating funds:
Investment income
Incoming resources from charitable activities
12
Grants receivable
3
—
Course fees and general donations
53,105
Facility hire
—
Total incoming resources
53,105
Resources expended
Cost of generating funds
4
—
Charitable activities
4
—
Governance costs
4
74,888
Total outgoing/incoming resources
74,888
Net incoming resources before transfers
(21,783)
Reconciliation of funds
Total funds brought forward
59,015
Transfer between reserves
—
Total funds carried forward
12
37,232		 Restricted
Funds
2024
£
—
307,835
—
—
307,835
—
292,172
—
292,172
15,663
76,526
—
92,189		 Total
Funds
2024
£
12
307,835
53,105
—
360,940
—
292,172
74,888
367,060
(6,120)
135,541
—
129,421		 Total
Funds
2023
£
7
303,931
49,776
—
354,341
—
307,556
55,856
363,412
(9,071)
144,612
—
135,541

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

The accompanying policies and notes on pages 17 to 24 form part of these financial statements.

27

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

BALANCE SHEET AS AT 31st MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 9 4,418 5,652
CURRENT ASSETS
Debtors 10 14,856 7,375
Cash at bank 120,218 129,282
135,074 136,657
CREDITORS– Amount falling due
Within one year 11 (10,071) (6,768)
NET CURRENT ASSETS 125,003 129,889)
TOTAL ASSETS LESS CURRENT
LIABILITIES 129,421 135,541)
RESERVES
Balance brought forward 12 & 13 135,541 144,612
Surplus for the year 12 & 13 (6,120) (9,071)
129,421 135,541

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st MARCH 2024.

The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31st MARCH 2024 in accordance with Section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for:

These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies.

The financial statements were approved by the board of Trustees on 19[th] December 2024 and were signed on its behalf by:

................................................... D Thomas - Trustee

The notes on pages 18 to 24 form part of these financial statements

28

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year. The presentation currency of the financial statements is the Pound Sterling (£).

(a) Basis of accounting

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 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 Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006. The financial statements have been prepared under the historical cost convention with applicable accounting standards.

The Trustees have a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future and there are no material uncertainties that call into doubt the Charity’s ability to continue operating as a going concern. The financial statements have therefore been prepared on the basis that the charity is a going concern.

(b)

Company Status

The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the Charity. It is also registered with the Charity Commission (Charity Number 1033081).

(c) Critical accounting judgements and key sources of estimation uncertainty policy

The Trustees are satisfied that there are no significant accounting estimates or judgements surrounding the financial statements which could materially impact on the current or future accounting periods.

(d)

Fund Accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Unrestricted funds can be transferred to the restricted fund where there is a shortfall in funds.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

(e)

Incoming Resources

29

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (Cont’d)

(f) Resources Expended

Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:

(g) Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less accumulated depreciation.

Depreciation is charged at a rate calculated to reduce the relevant assets to their residual value at the end of their useful lives as follows:-

Office equipment - 25% reducing balance basis Fixtures & fittings - 20% reducing balance basis

2. Donations and Grants

London Marathon
3.
Grants Receivable
2024)
Unrestricted)
£)
Tottenham Grammar
—)
Ducketts Common
—)
Coaching Education
—)
School Games Organiser Services
—)
London Youth Games
—)
Haringey Schools Sports Association
PE CPD/Affiliations
—)
Street Games
—)
Job Retention Scheme
—)
Selby Centre Basketball
—)
Hornsey School For Girls
—)
Catherine and John Mulville
—)
Sport England Escape Lottery Fund
—)
)		 2024)
Restricted)
£)
127,898)
—)
—)
62,666)
45,605)
51,266)
—)
—)
5,000)
9,400)
6,000)
—)
307,835)		 2024
£
0
0
2024)
Total)
£)
127,898)
—)
—)
62,666)
45,605)
51,266)
—)
—)
5,000)
9,400)
6,000)
—)
307,835)		 2023)
£)
—)
—)
2023)
Total)
£)
125,687)
—)
—)
46,800)
60,360)
47,149))
—))
—))
8,640)
9,400)
—)
5,895)
303,931)

30

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 (cont’d)

4. Total Resources Expended

Basis of
Allocation
£
Costs directly allocated
to activities
Purchases
Direct
Advertising
Direct
Vehicle hire
Direct
Coaching fees and
Facility hire
Direct
Salaries
Direct
Accountancy
Direct
Legal and professional
Direct
Bookkeeping and
administration
Direct
Donations/Sponsorship
Direct
Support costs allocated
to activities
Salaries
Staff time
Depreciation
Direct
Communications
Direct
Premises
Direct
General office costs
Direct
Bank charges
Direct
Travel
Direct		 Course
Fees
£
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—		 Facility
Grants Governance
2024
2023
Hire
Total
Total
£
£
£
£
£
—
43,419
1,408
44,827
57,156
—
1,100
—
1,100
2,670
—
15,728 —
15,728
12,509
—
100,750
—
100,750
108,645
—
—
—
—
—
—
—
5,611
5,611
5,611
—
—
—
—
1,879
—
14,292
5,898
20,190
29,951
—
9,992
882
10,874
8,152
—
96,134
58,910
155,044
122,178
—
859
—
859
1,849
—
2,049
—
2,049
3,191
—
724
—
724
3,171
—
7,125
879
8,004
9,365
—
—
1,300
1,300
1,085
—
—
—
—
—
—
292,172
74,888
367,060
363,412

5. NET INCOME OVER EXPENDITURE

ET INCOME OVER EXPENDITURE
2024 2023
£ £
The surplus has been arrived at after charging:
Depreciation 859 1,849
Employment costs (see note 6) 150,924 122,178
Independent examiners remuneration 5,611 5,611

31

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 (cont’d)

6. DIRECTORS AND EMPLOYEES

IRECTORS AND EMPLOYEES
Staff costs during the year were as follows:
Wages and salaries
Social security costs
Pension		 2024
£
136,534
12,626
1,765
150,924		 2023
£
115,273
5,373
1,152
122,178

There are no employees with emoluments in excess of £60,000.

The average number of employees during the year was 6 (2023 – 6 employees)

7. TRUSTEE REMUNERATION AND RELATED PARTY TRANSACTIONS

No remuneration or expenses were paid or reimbursed to the Trustees during the year (2023 - £nil).

No Trustee or other person related to the Charity had any personal interest in any contract or transaction entered into by the Charity during the year (2023 - £nil).

As at 31st March 2024 a balance of £4447.06. (2023 – £3,750) was due from Mr B Gravis relating to expenses paid on his behalf.

8. TAXATION

As a Charity, Haringey Sports Development is exempt from tax on income and gains to the extent that these are applied to its charitable objects. No tax charges have arisen in the Charity.

32

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 (cont’d)

9. TANGIBLE FIXED ASSETS

Office Equipment
£
COST
At 1 April 2023
38,326
Additions
211
Disposal
—
At 31 MARCH 2024
38,537
DEPRECIATION
At 1 April 2023
32,675
Charge for the period
1,445
Eliminated on disposal
—
At 31 MARCH 2024
34,120
NET BOOK VALUE
At 31 MARCH 2024
4,417
At 31 MARCH 2023
5,652
10.DEBTORS: Amounts falling
2024
due within one year
£
Activity debtors
10,409
Other debtors
4,447
Prepayments and accrued income
—
14,856
11.CREDITORS: Amounts falling
2024
due within one year
£
Activity creditors
600
Other creditors
4,071
Taxation and social security
0
Accruals and deferred income
5,400
10,071		 TOTAL
£
38,326
211.31
—
38,537
32,675
1,445
—
34,120
4,417
5,652
2023
£
1,950
5,425
—
7,375
2023
£
914
454
—
5,400
6,768

33

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 (cont’d)

12. MOVEMENT OF FUNDS


Unrestricted Fund:
Generated Funds
Total Unrestricted Fund
Restricted Fund:
Generated Funds
Total Restricted Fund
Total Funds		 Balance at
Incoming
Outgoing
1 April 2023
Resources
Resources
£
£
£
59,015
53,105
(74,888)
59,015
53,105
(74,888)
76,526
307,835
(292,172)
76,526
307,835
(292,172)
135,541
360,940
(367,060)		 Funds
Transfer
£
—
—
—
—
—		 Balance at
31 March
2024
£
37,232
37,232
92,189
92,189
129,421

ANALYSIS OF NET ASSETS BETWEEN FUNDS

Restricted funds Unrestricted funds Total 2024
£ £ £
Fixed assets — 4,418 4,418
Current assets 83,451 51,623 135,074
Creditors (4,671) (5,400) (10,071)
78,780 50,641 129,421

34

HARINGEY SPORTS DEVELOPMENT (A COMPANY LIMITED BY GUARANTEE)

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st MARCH 2024 (cont’d)

13. ANALYSIS OF MOVEMENT ON RESTRICTED FUNDS


Tottenham Grammar
Haringey Leisure –London Youth Games
Hornsey School for Girls
Haringey School Sports Association
– PE CPD/Affiliations
School Games Organiser Services
Selby Centre Basketball
Catherine and John Mulville
Total Restricted Fund		 Balance at
1 April 2023
£
26,358
27,328
—
15,010
4,105
3,725
—		 Incoming
Resources
£
127,898
45,605
9,400
51,266
62,666
5,000
6,000
307,835		 Outgoing
Resources
£
123,384
49,701
9,400
55,156
52,194
8,725
2,600		 Funds
Transfer
£
—
—
—
—
—
—
—		 Balance at
31 March
2024
£
30,872
23,232
—
11,120
14,577
0
3,400
83,201
76,526 301,160 —

35