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•
Staterr￿nt of finan¢ial activitl8s
Bala￿8 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
lo57￿5
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 Art￿19$ 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 J￿Y 2022
LH•
IkHarg
A￿C￿d on 16 2022
C S4toTr8Yts)ks Awoinled on 25 Jutry 2022
Flewt Hbjh School noffine85:
Rg8iwod on 31 ALWSt 2022
J Smith
Resi￿ed 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 mert*ets. 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 d￿￿Kse society, welcomes all
people and values th￿r dillerences. The Somers Town Community Sports Céntro
recognises that dI￿n￿1nd1￿)n OCCU￿ at all 18vels in our society. The Somers Town
Community Sports Centre is an equal Op[￿UnItieS organiSat￿n. No person that comes into
contact with the Centre sthjukj r￿e1Ve 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 orr￿￿lOUS
views. spent or irrelevant criminal conV￿￿)n$, trade union activity. or HIV slalus. The
Somers Town Communty SpM)rts Centre regarts such dI￿riminatiOn as unacceptable and
promotes 4ual opportunities tolh as an emrAoyer and a provider ol Sery￿S.
Objective* andactivities
The Centre was created with the supwrt ofthe Lonth)n Borough of Camden. UCL. Students,
Un￿n UCL and South CanKlen CotThnuntty School (now Reggnl High School) to buikl and
0￿rat8 asports centre in s(￿15 Tovm. London NW1, for the benefit ol the local communty
and the students of thal schools arKI Uniyersty College Lorwjon (UCL).
The otiectsves of Ihe Centre are to provide aff0ttlab￿ Fmgh qualty activities and sport and
recreat￿ space for training. CO￿￿￿110￿ and physKal activty for the benefft of the wider
communty a￿1 the students of thal schoofs UCL.
From 1 April 2011, reswnsbilty for day-ltrday Cent￿ management ar￿ eThyloymenl of the
staff was transfgrred lo Regent High School. Somers Town Communty Sports Centre
Limited operates as a laThllonl and a signed rental agr8om8nl 15 in place with ihe
London Borough ol CarThJen alryide a management agreement with Regent High School.
This piovides a guaranteed luture income stream forthe charity with altrK)sl matching co$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 d￿ritable 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 poI￿Y 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
obl￿tiVes.
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 p￿paring the trustees, annual report and
the financ￿ statwn8nts in accordance with appl￿ble law aThJ United Kingdom Generalty
ALxepted AccounknrvJ Practica (Uniled K￿gdOrn Acc(MJnting Stsndardsl.
Coffpany law requires the truslegs to prepare finw￿la1 statements for eaGh financial year.
Undgr coryany law the trustees r￿t 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 aFFI￿atIon of rèsources, includiThJ Iho Ir￿M0 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 reason￿8 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 Suff￿lent to
show and expL4in the charilatAe coryanls transactions. disch￿e with reasonable accuracy
at any time the fInar￿la1 pOsit￿)n ot the charitable company aTrJ enable them to ensure Ihal
the financial statements comply with th8 co￿VanieS Act 2006 and the provisions of the
charilys conslllut￿n. 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 acco￿anCe wrfh the $Fec￿ provisions of Part 15 01 the
Cowoanies Act 2CQ6 relating to Sm￿1 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 finar￿￿￿1 statements in accofflance with
the requirèments of the Corr¥)anies Acl 2(K6 Ilhe 2￿6 Acl'l.
Having satisfied myseff that the fina￿￿91 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 CoM￿al8d my examinat￿n. I conlirm that no matters have como to my attent￿)n in
CON￿li0n wilh ry examinat*)n giving me cause to believe:
acci)UDting recoryls wére not kept in respect of the charilable COr￿anY as required by
sectM)n 386 of the 2(J)6 Act,. or
the fina[￿la1 siaten*nts (k) not aecord with thoge f￿￿￿8. 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 wh￿h is Th)t a matter considered as part of an independant
exarninatM)n' or
the financial Stataff￿nts have Tr)t been prepared in accordance wrth the Mell￿d$ arKJ
prin¢ipl•s of the for "Accounting aThJ Reporting by charit￿$: th• Ststom8nt of
Recommended Pra¢tt¢ appE￿ab￿ 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 cor￿emS 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 prO￿r
underslanding ol thg finar￿ra1 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
In￿m9 and •T￿O¥•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 l￿d# lor th•
yoar
{38,584)
{36.361)
(49,￿6}
Funds br￿￿1 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 I￿n9 dug
iltin one yèar
10
11.6801
40.269)
131,087
128,864
Totsl rnt •s¥•ts
548,327
584.688
Fund*
unreStr￿ted IwKLs
ReSt￿lSd fuThJs
Tolal fwKI•
131.087
417240
548A27
128.864
455,824
584.688
12
13
For the year er*Jed 31 Juty 2￿, company was errtblled to exempts'on from a￿￿1t 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 accordar￿e wilh the provision8
appI￿ab￿ to COff4)anies subject lo the small coffwii8s regim8.
These fi￿ar￿la1 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 p11r￿lpaI activity of the charity is the provision of sport and recreatR)n facilities in Somers
Town, London NW1. The In￿r￿)rated charity (￿IStered nurrd)er 3157703 and Charity
Dumber 1057305) incorporated and thffnciled in the UK. The address ol the regstered
Off￿0 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 aPpI￿able to charilies preparing their accounts in a￿rdance 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 r￿te.
Going concwn
The T￿￿tee$ cortsider that there is a r&qs<Jnable exp&tstion that tha Trust has ad8qualo
resources lo continue in operalKJnal 8￿$ter￿e 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 Judgem￿ts and koy sourcM of •stimation un¢ortalnty
In the applicatFon of the Charity's accounting pOI￿leS. trustees arg required lo make
judge￿nIS. 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 histo￿1 experience a￿1 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 all￿ts 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 I￿gnIsed at transaction value
and subsequènty Tr￿aSured at their selllwnènl val￿.
Incom•
l incoming resources are I￿uded 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
reaS0r￿￿e 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 ir￿Urred by the chartty in the delivery of ils
activities and services for ils beneficia￿. It ir￿lUdeS tK)th costs that ¢an be allocated
dir￿tlY 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 wh￿h can be used in aCcOrd￿e wilh the
¢haritable obieclives at the discretKJn of the trustees.
Restricted funds are where specffj￿ ￿ndIt￿n$ 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 r￿1Ved to enable construction of the Centre were i￿luded as
restl￿ted 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$ed at cost wilhin fixed assets.
Expenditure less than thts arrthnt is charged lo the statemsnt of financial actNilies in the
y8ar it is I￿￿￿ed.
Deweciation is thIat￿ so as to write off the cost of an asset, 18SS fts éstimated residual
Va￿e. over the useful econom￿ lrfe of that asset as folknws:
Plant aThJ machinery
4%
Fixlures, fittings and equipment
to ￿ per annum
LeaSe￿d buikthngs
2.5% per annum
Twitlon
No provision is made in théso accounls for corp)ratM)n tax as the charity is gxeryt from
such Lqxes as a resull of ts charitable sta￿.
Debtor8
Trade other detrtoys are recognised al th8 sgttth*nt amount due after any trade
dis¢ount oflered. Prepay￿nts are valued * tho amount prepaid after taking account of any
trade discounts duo.
CreditorJ and p￿¥181￿$
Creditors and pro￿lonS 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
Opera￿rt9 ol Spon• C•nirn
96,667
96,667
UnreSt￿ted Reslrkl8d
Tol81
55.987
55,987
51,826
51,826
107,813
107.813
Costs i￿￿rred 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 foll￿1r￿ 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 adrrin￿lraIIOD servi¢es pr￿ded by UnNersity College London or
Universty College LOn￿n Union. These servw ar8 not rellected in these fina￿la1
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 cha￿￿n9 (not of VAT):
2022
38.
2,028
51,828
1,2CIJ
8 Tangible fixed assets
Fixlures.
Plant littings & Leasehdd
m￿inery ewvpmnt Buildings
Total
Cost
At 1 ALVt2021
199.822
108.342 1.166.969
1h75,133
A131 J￿2022
199.822
108.342
1,166,S
1,475,133
Depr¢¢10￿
At l Auwst 2tr21
Chargè lor the year
At 31 2￿￿2
195.553
4269
199.
91,005
6.151
97.156
732.751
28.164
760,915
1,019,309
38￿84
1,057093
Not book ¥￿u•
A131
AI 31 j￿2021
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 0￿d 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 eqUip￿nI reserye
128,864
128,864
{58.0831
{58.OSg1
131.087
131,087
Balance at
31 July
l A¢siusl
Buikfing andrypn￿oI 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 I￿lIding 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 2￿22.
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 trar￿ferred 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 FIna￿TraI Statemerrts of UCL which are the onty consolidated financial
state￿￿nts, 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 m￿sured at affw)rlised cost
F￿a￿la1 liatMlibe8 measured at arn￿￿Sed cost
132.767
1.680
169.133
40.269
Thè company's I￿Orne, 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 an￿rtised 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)
In￿WeA￿t in fuTrts forth8y6ar
(49,906)
Funds bfc4wht lonvardal l A
Funds c8nied lo￿1￿￿¢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
SUr￿ry I￿￿m¥
Leose income from LBC
Totsl In￿me
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)
G0￿Man¢• 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 •xP￿dI1￿r• for th• year
36.361)
149.9061
Sc*ners Town C￿mmunity Sports Centre Limited 17