Somers Town Community Sports Centre Limited Annual Report and Financial Statements 31 Juty 2022 FwStrats 31577Q3 (El¥J •¥J W*51 105nc6
Contents Reterence and administrative information Truslees, report lThJependent examinerfs report Financial 8tatemont• Staterrnt of finan¢ial activitl8s Bala8 sheet Prncipal ac(x)unting policies Notes to the finarKial statements 11 Detailed statement ol financi aclrvities 17 Somers Town Communty Sports Centre Limited
Reference and admlnlstratlve Informatlon Members Regent High School (previousty known as Soulh CatThJen Corrwnuntyschool) UCL The Board ol Membern G Moore J Smith J Race K Sykes C Sallon-Brooks J Dubbgr M McHarg L Harris STO Prin¢ip#l oifKg Universty College Lon(kn Unh)n 25 Gordon Street London WC1H OAH Company r•glstration number 3157703 Charlty r•glstrakn numb•r lo575 Buzzacott LLP 130 Wood Street London EC2V 6DL Solicitors Glovers 115 Park Street London W1Y4DY Bankers Barclays Bank PLC Hanover Square Corporate Banking Group PO Box 15163 SO Pall Mam London Somers Town Communty Sports Centre Limited
Truslee8' report Year to 31 Juty 2022 The Board ot Trustees. wlK are the company directOTS for the purposes cl th& Companias Act 2006. present their Annual ReFOrt for the year ended 31 July 2022, togethgr with the flnarKial stateménts lor the year. The Board conlirff£ that the latter wmpty with the requirements of Ihe Charities Act 2011, the Companies Acl 20, the Company's Memorandum and ArtKles ol AssooatKJn and Accounting and Reporting by Charities: Slalement of Recommended Practise aFplieable to chafilies preparing accounts in accordm with the Finan¢i81 Rewrting Starvjafd appluble in thg UK arTrd Republic of Ireland IFRS11f2) (effective 1 January 2015). The infornption on page 1 forms part of ttls rèwrt Reterence and admlnlstr8tl¥e d8ts118 Somers Town Community Sp)rts Centre Limiled is a company limiled by guarantee {numb8r 3157703} incorth)raled on 7 February 1996 and is a registered charity {Charty No: 1057305). The ¢harty is govemed by its Mgmornndum and Art19$ of Assoaation adopted 7 February 2016. The trustees and officèrs who served duriNJ the year and up to the date th8se financial statements were approved are as fdlows: AMd<ee 24 July 2tr22 J tkther R8sbJngd on 15 JY 2022 LH• IkHarg ACd on 16 2022 C S4toTr8Yts)ks Awoinled on 25 Jutry 2022 Flewt Hbjh School noffine85: Rg8iwod on 31 ALWSt 2022 J Smith Resied cffi 3 Jatwary 21Y22 JRa Appjirrtod on 8 Fobnwy 2022 STO Slruclurej governance and rn•nag•m•nt Trustees are apFointed under mechanisms that allow both Regent High khool (RHSI and UCL, as mertets. to influence the strategy. kKJlicies and management ol the Sports Cwtre. Regent High S¢hocl can app)inl up to four trustees. UCL can appoint up to fNe trustees. The trustees are not patd for their work as trustees. Somers Town Community Sports Centre Limited
Truslee8' report Year lo 31 Juty 2022 Structure. govemance and rnaft (continu) Equal opportunities poli¢y The Somers Town Conwnunty Spcffts Centre embraces a dKse society, welcomes all people and values thr dillerences. The Somers Town Community Sports Céntro recognises that dIn1nd1)n OCCU at all 18vels in our society. The Somers Town Community Sports Centre is an equal Op[UnItieS organiSatn. No person that comes into contact with the Centre sthjukj re1Ve less favourab18 treatmgnt. be disadvanlaggd or disadvantage others on the ground of their ethnic group, nationality. sex. gender, sexual orientation oridentity. age. disablty. marilal stalus. family commitments, political orrlOUS views. spent or irrelevant criminal conV)n$, trade union activity. or HIV slalus. The Somers Town Communty SpM)rts Centre regarts such dIriminatiOn as unacceptable and promotes 4ual opportunities tolh as an emrAoyer and a provider ol SeryS. Objective* andactivities The Centre was created with the supwrt ofthe Lonth)n Borough of Camden. UCL. Students, Unn UCL and South CanKlen CotThnuntty School (now Reggnl High School) to buikl and 0rat8 asports centre in s(15 Tovm. London NW1, for the benefit ol the local communty and the students of thal schools arKI Uniyersty College Lorwjon (UCL). The otiectsves of Ihe Centre are to provide aff0ttlab Fmgh qualty activities and sport and recreat space for training. CO110 and physKal activty for the benefft of the wider communty a1 the students of thal schoofs UCL. From 1 April 2011, reswnsbilty for day-ltrday Cent management ar eThyloymenl of the staff was transfgrred lo Regent High School. Somers Town Communty Sports Centre Limited operates as a laThllonl and a signed rental agr8om8nl 15 in place with ihe London Borough ol CarThJen alryide a management agreement with Regent High School. This piovides a guaranteed luture income stream forthe charity with altrK)sl matching co$ls. Publk benefft In furtherance of th& aims, the Somors Town Comrnunty Sports Centre Limited trustees have conwlied wilh their duty in s.4 of the Chaiities Acl 2C to have due regard to the Charity Commis$w)n'$ published general guidance conceming the Operat)n of the public benelrt requirernent under that ACL In order lo ensure the continuing charIlab obj.ects of the Charity. th8 Iruslees have sub-let the Sports Centre back lo Ihe London Borough ol Camden subject lo variations to the original lease arKI operating agreement. so that there is a eonlinuing availability for us8 by t School. UCL and the der communty. Som8rs Town Communty Sports Centre Limited
Tru8tees' report Year lo 31 Juty 2022 The Operating Agreemenl introduced afrarvJements for cperating the Sports Hall and adjoining SChC premises for sg ksng as the sutrtrlease exisls. and during whKh tim8 the original operating agffjement shall be suspended. Thgtntst¢•scontinue to have overarching responstbilty for dritable use of the Sports Hall, and each year agree the annual and future budgels for on%oing and anliopated Maintenar pryed by RHS. and to keep under review the op8ralKin of the Sports Hall. A¢hlevements arKI rformanc0 {¢onlinuedl The Centre continues to provide an invaluable rèsource to Students, Union UCL Clubs and Sc¢ieties and all of UCL'S time gots are alk)cated through th6 Student Activities team wilhin Students. Union UCL The continuirvJ SLKCOSS of the Centre is based on th8 •xeellent of its full-time staff supported by the LoTrJon Borough of CaffKlen. RHS and UCL re%)urce$. FSnanclal rnsufts The Centre has been hjnded by rental irtome arml direct financial suptth fTcth Régént High Sd)1 who manage Ihe facibty on a day-to&y basis. Total income has increased on sligmly from £57.9)7 to £60.3. Total experKliture ha5 docreasad from £107.813 to £96,667. Reser$ policy As the operalional management of the Sports Centie was transferred to RHS on 1 Aprll 2011. the Board considers their reserve poIY to be a depreciation renewals sinking fund In case the day to day management resp)nsibilty for the Centre passes back bf there was to be a failure of the curront managemenl arrangeThnts with Regent High School. The Board consider a sufficient level of reservè lutKI lo be £1CK),Crf)O. Ai the year gnd thé reserves stood at £131.087 (2021: £128.864) and w8 conSKl8r this lo be sufficienL Future plans The future obj'ectives oflhe Cerrtre are to continue provmjing affordable hTrgh-qualty activities and swrt and r&reatK)n space for Irair¥ng. coryyeltlion and FthysKal aclwity lor the bengfit of the wder communty and the students of local sch(K)Is and UCL The trustees are charged ilh ensuring that day to day management by Regent High School achieves these obltiVes. Somers Town Community Sports Centre Limited
Tru8tee8' report Year to 31 Juty 2022 Statement of trustees. respon8lbllllles The trustees (who are also directors of Somers Town Communty Sports Centre Limited for the purposes of company lawl are responsibk for pparing the trustees, annual report and the financ statwn8nts in accordance with applble law aThJ United Kingdom Generalty ALxepted AccounknrvJ Practica (Uniled KgdOrn Acc(MJnting Stsndardsl. Coffpany law requires the truslegs to prepare finwla1 statements for eaGh financial year. Undgr coryany law the trustees rt approve financkal statements unless they are satisfied that they gwe a true and fair wew of the state of aflaits of the charitable company and of the incoming resources and aFFIatIon of rèsources, includiThJ Iho IrM0 and experKliture. ol the charitable company for that pericrfj. In preparing these financial statements. the trustees are requir&1 to.. select suitable accounting pokios and then apply th8m consistenlly: ctherye the [thodS and principles in the Charities SORP; make judgm8nts and estimates that ara reason8 and pnjdent: state whethar applicable UK accounting standards have been followed. subject lo any Materi departures disclosed aTrJ expkained in the linancial statements. and prepare the ffinanckql statements on the going concem basis unl8s$ il k8 inappropriate to presurn Ihat th? ¢haritth• ¢ompary 7AryI ¢ontinug in busin85S. The trustees are responslje for keepiThJ adwwats aKcountw records thal are Sufflent to show and expL4in the charilatAe coryanls transactions. dische with reasonable accuracy at any time the fInarla1 pOsit)n ot the charitable company aTrJ enable them to ensure Ihal the financial statements comply with th8 coVanieS Act 2006 and the provisions of the charilys conslllutn. They are also responsble for safsguarding thè assets of tho charity and hence for laking Teasonable St for th8 prevention aTrJ detection of fraud aThJ other irregularities. Thi$ report has boon pr8par8d in accoanCe wrfh the $Fec provisions of Part 15 01 the Cowoanies Act 2CQ6 relating to Sm1 companies. Approved by the tnjstees arwj signaj on their behall by." fvL JD.1 John Dubber Trustee Approved by th• tsustees on: 21 Noventsr 2022 SomeTS Town Communty Sports Centre Limited
Independent examinef8 report Year lo 31 Juty 2(y22 I report to tho charity trustees on my examination ol the financial statements of tho ¢haritable company for the year ended 31 Juty 2022. Responslbllltles and bAsl8 ol rewl As the tnjstees of th8 charilable company (and akn its direclots forthe purp)ses of company law) you are responsilAe for the preparation of the finar1 statements in accofflance with the requirèments of the Corr¥)anies Acl 2(K6 Ilhe 26 Acl'l. Having satisfied myseff that the fina91 statements ot the charitablg company are not requir¢d to bè aLKlited uNJer Part 16 01 the 2(K16 Act and are 81igible tor indèpendent examination. I report in respect ot ry &xamination of your charity's financial statements as carried out under sect)n 145 of Ihe Charibes Act 2011 Ilhe 2011 ACV). In carying out my examination I have followed the Directions gwen ty tho Charity ConNmission under section 145(5){bl ol the 2011 ACL I have CoMal8d my examinatn. I conlirm that no matters have como to my attent)n in CONli0n wilh ry examinat)n giving me cause to believe: acci)UDting recoryls wére not kept in respect of the charilable COranY as required by sectM)n 386 of the 2(J)6 Act,. or the fina[la1 siatennts (k) not aecord with thoge f8. or the flnancial statements do not corrpty with the accountrng requirements of section 396 01 the 2fXJ6 Acl other ihan arry requirement that the financial statements give a rue and fair vievl whh is Th)t a matter considered as part of an independant exarninatM)n' or the financial Stataffnts have Tr)t been prepared in accordance wrth the Melld$ arKJ prin¢ipl•s of the for "Accounting aThJ Reporting by charit$: th• Ststom8nt of Recommended Pra¢tt¢ appEab to Charit preparing their accounts in accordance wilh the Financial ReFJOrtiThJ Standard applicable wi th8 UK aTrJ Republic of Ireland {FRS 102} (effective 1 January 20151." I have no coremS and have corr across no other matters in connection writh the examination to which attention should be drawn in this report in order to enable a prOr underslanding ol thg finarra1 statements to be reached. Buzzacott LLP Chartered A¢¢ounlants 130 Wood Street London EC2V 6DL Date: 19 January 2023 Somers Town Communty Sports Centre Limited
Slaternent ol financlal acllvfties (Incorporatlng Incolrn and expendliure account) Year to 31 July 2022 unre81rti Restittod T¢)tal fvnd• Total lund5 2tr22 2021 Inm9 and •TO¥•m•t• Imrn ,156 60.156 150 60,3th1 57,657 Investment Total Incon 57,907 Exp•ndllurn Charitable athities Tot•1 oxpnthir• 38.584 96.667 96.667 107.813 107,813 Net Incom• (exp•ndllur•) forth• ymr {38.$84) {36,361 (49.0) N•t mov•monl In ld# lor th• yoar {38,584) {36.361) (49,6} Funds br1 fort¥a at 1 Aiwt Fund8 eanl8d fon¥ard at 31 Juty 128.864 131,067 455.824 584.688 634,594 417.240 548.327 584,688 Somers Town Community Sports Centre Limited
Balance 8heet 31 JLdy 2 2022 2021 rooo 2021 Xod as8•ts TarwiTrJg lixed awts 417240 455.824 15,859 153.274 169,133 Cash al b8nk •yJ in hgnd 126.937 131767 Credltorn: amounts In9 dug iltin one yèar 10 11.6801 40.269) 131,087 128,864 Totsl rnt •s¥•ts 548,327 584.688 Fund unreStrted IwKLs ReStlSd fuThJs Tolal fwKI• 131.087 417240 548A27 128.864 455,824 584.688 12 13 For the year erJed 31 Juty 2, company was errtblled to exempts'on from a1t under Section 47T of thè Conyanies Act 2CX)6 relatiThJ to small cornpan. The members havè not required the company to c4)tain an audit of it$ accounts for the year queslion in a¢¢ordanc8 With Section 476. Th8 trnstees ackrw)wledge their responsibiliti8s for complying with the requirements of th8 Act with respect to accounting records and the preparation ol aGcounls. Theso finartial statements have been prepared in accordare wilh the provision8 appIab to COff4)anies subject lo the small coffwii8s regim8. These fiarla1 Stalemants were approved by the memb8rs of the committee and are signed on their behalf TL DJL-. John Dubber Trustee AFproved by th? trustees on.. 21 November 2CY22 CThYpany registration number. 3157703 (England arKI Wales) Somers Town Community Sports Centre Limited
Prlnclpal accounllng policles Year to 31 Juty 2022 The p11rlpaI activity of the charity is the provision of sport and recreatR)n facilities in Somers Town, London NW1. The Inr)rated charity (IStered nurrd)er 3157703 and Charity Dumber 1057305) incorporated and thffnciled in the UK. The address ol the regstered Off0 is Universty College London Union, 25 Gorylon Street, London. WC1 H OAH. The linancial slalemerts have been prepared in accordance with the Charities SORP {FRS1021 aPpIable to charilies preparing their accounts in ardance wilh the Financial Reporting Standards applKable in the UK Republr ot Ireland arKI the Charities Act 2011 and UK Generalty knepted PractTh as il applies from 1 January 2015. Assets and liabililies ar8 initsalty recognised at historical cost or transaction value unless otherwise stated in the relevart accounting polw rte. Going concwn The Ttee$ cortsider that there is a r&qs<Jnable exp&tstion that tha Trust has ad8qualo resources lo continue in operalKJnal 8$tere lorthe foreseeable future and, forthis reason, tlw continue to adopt the g¢ng concem basi8 in preparing the annual financial statements. The Trustees have made this assassrnanl in io a period ol al least one year from the date of approval of these fwwKial statements. Crhlcal accountlng Judgemts and koy sourcM of •stimation un¢ortalnty In the applicatFon of the Charity's accounting pOIleS. trustees arg required lo make judgenIS. estimates and assunytions atout the carryiNJ value of assets and liabilities that are not readity apparent from other sources. Tho aslimation and underlyir¢g assumptions are based on histo1 experience a1 olher facto that are considered to be relevant. Actual results may drffer from these estimates. Tho estimates and underfying assumpliorks are reviewed on an on-goiThJ basis. Revisions lo accounting eslimates are recognised in the period in which the estimate is revised il the rwision allts On that ricKl. or in thè p•riod of rwision and future periods rf the revision affects the current and hjture periods. Flnancial In8tswments The charity only has fi'nan¢ial assets and financial liabilities of a kind that qualify as basic financial instruments. BAS financial instnjments are initialty IgnIsed at transaction value and subsequènty TraSured at their selllwnènl val. Incom• l incoming resources are Iuded in the ststement of tinancial actNities when the charity is entitled to thè ir¢ome. the incomè is wobable. and the amount can bo quanlrfied wth reaS0re accuracy. Somers Town Community Sports Centre Limited
Prfnclpal accounting pollcle8 Y8arto 31 July 2022 Expondlture Expenditure is r•>)gnised on an accrual basis as 8ath liabilty is wicurred. Charbtable expendtbjre conw)rises Ihoso costs irUrred by the chartty in the delivery of ils activities and services for ils beneficia. It irlUdeS tK)th costs that ¢an be allocated dirtlY to such actNiti8s and those costs ot an indirect nature necessary to suptK)rt them. Fund accounting Unrestrfcted funds held by th8 chavity aw those whh can be used in aCcOrde wilh the ¢haritable obieclives at the discretKJn of the trustees. Restricted funds are where specffj ndItn$ are imposèd by thè donor which restrKts the use of unspent furxts. The income is taken directty to thg ral8vant restricted funds. Restrlcted funds The nrtiai capital grants r1Ved to enable construction of the Centre were iluded as restlted funds within Ihe Charitys reserves. The depreciation on the Centre is debited to the restrKted fund. Dweclatlon Capital exp8ndilure in excess of £1.1)J) is capitali$ed at cost wilhin fixed assets. Expenditure less than thts arrthnt is charged lo the statemsnt of financial actNilies in the y8ar it is Ied. Deweciation is thIat so as to write off the cost of an asset, 18SS fts éstimated residual Vae. over the useful econom lrfe of that asset as folknws: Plant aThJ machinery 4% Fixlures, fittings and equipment to per annum LeaSed buikthngs 2.5% per annum Twitlon No provision is made in théso accounls for corp)ratM)n tax as the charity is gxeryt from such Lqxes as a resull of ts charitable sta. Debtor8 Trade other detrtoys are recognised al th8 sgttth*nt amount due after any trade dis¢ount oflered. Prepaynts are valued * tho amount prepaid after taking account of any trade discounts duo. CreditorJ and p¥181$ Creditors and prolonS are recognised when the charty has a pres8nt obligation resulting trom a past event Ihal will probably r8suR in th8 transfer of lunds to a third paty and the amunt due to settle the obligation can be mgasured or estimated reliably. Somers Town Communty Sports Centre Limited 10
Note$ to the Ilnan¢lal Stalements Yw to 31 July >)22 3 Investment In¢om• 2022 Bank inleresl wKome T¢tal unrngtrlct•d lund8 150 150 250 250 4 Income from dwritabl• adlvllles 2tr22 Op•r•tlon ol Sport• C•ntr• Sundry ncome Rental incow Tolal unre8trlC lund8 1.207 58,949 60.156 57,657 57,657 5 Charltable actlvltleB r88titted Restricted Funds Total 2022 Operart9 ol Spon• C•nirn 96,667 96,667 UnreStted Reslrkl8d Tol81 55.987 55,987 51,826 51,826 107,813 107.813 Costs irred within the above can be further analysed as follows: 2W22 2021 09Pf8caallc 30,$84 ,002 2,081 96,667 51.826 54,774 1.213 107,813 Support ¢c¢ts S(xners Town Community Sports Centre Limited 11
Notes to the financial statements Year to 31 July 2022 5 Charltable activities (conlinuedl Support ¢osts include the foll1r g)vemarKe costs: 2022 2021 IrthpeTrJert •xamwWs lees Legd and profesBicwl 1028 53 2.081 1.2CKI 13 1.213 No charge is made for adrrinlraIIOD servi¢es prded by UnNersity College London or Universty College LOnn Union. These servw ar8 not rellected in these finala1 statemgnls as the value of thèm camot be easity ojantilied. 6 Trust•• wwunerallon No directors rece1v raNnerat(on or reimbursement of exp8nses from the company12021: £nill. 7 Nel expthldiluie for the year Net expenditure is stated after chan9 (not of VAT): 2022 38. 2,028 51,828 1,2CIJ 8 Tangible fixed assets Fixlures. Plant littings & Leasehdd minery ewvpmnt Buildings Total Cost At 1 ALVt2021 199.822 108.342 1.166.969 1h75,133 A131 J2022 199.822 108.342 1,166,S 1,475,133 Depr¢¢10 At l Auwst 2tr21 Chargè lor the year At 31 22 195.553 4269 199. 91,005 6.151 97.156 732.751 28.164 760,915 1,019,309 3884 1,057093 Not book ¥u• A131 AI 31 j2021 11.196 406,054 17J37 434,218 417.240 455,824 Somers Town Community Sports Centre Limited 12
Notes lo the financlal stalemenls Year to 31 Juty 2tr22 9 Debtor8 2021 Amounts 0d ty group undets S,830 15.859 15.859 10 Creditor8: amounts lalllng due wllhln one ye 2021 Amounts owj lo grow wthta Oth&r ¢r8dilors 37.136 955 2.178 40.269 11 Unfe8trkt¢d funds Bala al 1 Auwst Balance al 31 July 2022 I)m8 ExpeThthture TwtslerJ Buil(Ing aThJ eqUipnI reserye 128,864 128,864 {58.0831 {58.OSg1 131.087 131,087 Balance at 31 July l A¢siusl Buikfing andrypnoI 157.698 157.698 57,W7 57.907 (55.987) (30.754) (55.987) (30.754) 128.864 128.864 The Building and Equipment reser4& has bèèn created in accordance wilh tha tem of the operating agreement in order that funds are available for the Centre's contingent liabilty to replace Ihe IlIding aTrJ equiprnnt. 12 A•8trf¢ted lunds Balance al 31 July 2022 1Au 2021 I(ne Ewlilure Trnnsle 455.824 455,824 {38,5841 {38,5841 417,240 417240 Somers Town Communty Sports Centre Limited 13
Notes to the Ilnanclal Stalements Year lo 31 Juty 21Y22 12 R•striGt•d lund• Icontirmjed) 8a18nce at 3lJu IAt 476,896 476,896 51,826) (51,826) .754 ,754 455,824 455.824 Capital grants were made by the Unrvetsty College London Union and the Foundation for Sports and Arts lo the Cenlre on irKorpJration to fund the purchase of the Sports Centre and are irtluded in a restricted lund. UnrestrKted ReslrKted lund5 ILmts Totsl 2022 Tangtle fixe(l assets Curr8nt assets Crethlors: amwrts ¢kn *ithvi ona yaar 417,240 417,240 132.767 (1,680) 548.327 132.767 {1,6801 131.087 417240 455.824 455,824 169. 133 (40,269) 584,688 Current assets 169, 133 (40,269) 128.864 455.824 14 Related party tran8actions Universty College London IUCL) aThJ Regent Hmjh School {RHS) lated parties as rnembgrs of the Centre. Rog•nt Hlgh Sth¢¥ol The Centre made sales tolalling £58.949 {2021.. £57.657) to the schcrt)l in the year. The Cenlre made purchases tolaNing £56.00212021.. £54.774) from the school during the year. The s¢hool owed £5.830 {2021: £15.8591 to th8 Centre at 31 Juty 2022. The Centre owed £Nil12021: £37.1361 lo UCLU at 31 Juty 222. Truste The Trustees e1ved no reMuneratiC in resp8cl of their servKos to tho Centre. nor any reimbursement of expenses (knring tho year. Somers Town Community Sports Centre Limited 14
Notes to the flnan¢lal statements Yw to 31 Juty 2022 15 Members. Ilablllty The Centre has no subscribed share capital and in ihe evenl of coryany being wound up. the membars, UCL and RHS. will be liabl8 for £1 each. In the event of a winding up. the remaining assets ol the Centre must b8 trarferred to another charity with a swnilar charitable purpose arKJ may not be distributed to the members. 16 Uftlm•te parent company The members of the Company are UnNersity College Lorthn IUCL) aThJ Regent High School (RHSI. UCL however has the power to apFrf)int five trustees and is ther&for8 deemed to be the Company's uminatg parent underlakffig. The consolidated FInaTraI Statemerrts of UCL which are the onty consolidated financial statents, thi¢h inco•rate thè resums of the Centre. may bg obtained from: Director of Firkir Universty College London Gower Street London WC1E 68T 17 Financial instrumw 2022 2021 Fmancial assots msured at affw)rlised cost Fala1 liatMlibe8 measured at arnSed cost 132.767 1.680 169.133 40.269 Thè company's IOrne, exp8ns6. gains and losses in rospect ot financd instruments are sumnwised belovr. 21r22 2021 FmarKial assets measured at amorfised cost 150 250 Financial assets sured at arnorti5wJ cost trade debtors. acc income and cash equivalents. Financial lithlities m&ured at anrtised cost comprise other creditots and accruaL8. Somers Town Communty Sports Centre Limited 15
Notes to the flnancial 8latements Year lo 31 July 2122 AastrKt8d Total lun 2021 Chantable a¢Dvthes lrtvostsyrénl 57.657 250 57,SV7 57.657 250 57.907 51.826 51,826 107.813 107.813 (51,826) (49.906) (,754) (28,833) 30.754 (21.073) InWeAt in fuTrts forth8y6ar (49,906) Funds bfc4wht lonvardal l A Funds c8nied lo1¢31 157.698 128,864 476,896 634.594 455,824 584.688 Somers Town Communty Sports Centre Limited 16
Detailed statement ol flnan¢lal aclivities Year to 31 Juty 2Y)22 The followlng do•8 nol forni part of th• •i•liitory Iknmnclal •lalgm•nts Incom• Bank int•rest SUrry Im¥ Leose income from LBC Totsl Inme 150 1,207 58.949 60.306 250 57,6S7 57,907 Charltabl• actlvitles Depreciation ol fixed assets Leasg ¢horggS (38W 156,0021 151.826) 154,7741 (94A86) (106.0) G0Man¢• cools Legal & PrO1*on lees Independent examina11 fe8S 153) 11)28) 1131 {1,2CQI (1081 {96,66n 1.2131 1107,8131 Total expenthlw• N•t •xPdI1r• for th• year 36.361) 149.9061 Scners Town Cmmunity Sports Centre Limited 17