Somers Toym Community
Sports Centre Llmlted
Annual Repr•rt and Flnanclal
ststements .
31 July 2023
31S7703
1057JDS
111m
•AC147NS2Y*
05K)212024
CCWPANIES H￿5£
#270

Cortents
Reference adm1n15tra1v￿ ir*orrr4lion 1
Flnanclal st•t•m•Thts
Prmwal Xcry￿tsThJ policip5
Nctss tothe fmarKo1 st*mw¢$
11
Ddaléd stalenwnl off￿an￿1 *Mbes 17
ScAmers T(AVTr Cornmunty Sport5 Centre Limited.

Referen¢• and admlnistrative Inforn￿On
Ilombe
Reggrt High SthorA Iwv4iOUsty knLMn a¥
Sthrth C•)thn ConThintySch(xil)
UCL
J Rac•
K Sykes
J Dubbgr
A Shi
STO
Prfw offk• Ur*￿[sity CoFbg9e L¢ythi Union
London
Vbf1H OAH
Company r•glstratlon number
3157703
Charlty roglstratlon numb•r
1057305
Ind•p•nd•nt Ex•nln•r
130 IAbod Slr891
EC2V eDL
115 Path Street
Y4DY
Bank•rn I4etro
or￿ Southwnpkn R
VK1B SHA
Somers Tovm Communty sP￿s Centre Limited 1

TfUSte•s' report Yoar to 31 Juty 2023
The Bowd of Trustees. are the oynpwty dwee￿ for the purp(ws Oft￿ Compgni8s
Act 2rA6. present ther Annud RepNt Iw ended 31 July 2023. togelhei wilh the
ststem8nls for Ih8 yw. The Board cl￿filmS that the latter comply with the
requirements ol the Ctr4rthes Act 2011, the Cowies Acl 2006. Ihe Con¥>any's
MerrvJrandum and ArtK*s of and AcwJnliNJ aThJ Reporling by Charili•$.'
St*en￿l of Recom￿$￿ PraciKe aprAicable lo ¢haTities preparing at>>)unt$ in
accordance with Ihe Firwcial Reporting apP1Kab￿ in the UK and Repubk of
Ir*nd £FRS1iY2) {èffth 1 JaThJary 201SI. The infcffi)at￿ ori page 1 lryms part of thls
Ref•rni￿ and •dmini*lratl¥e det•lls
Somern T0￿cOMmUn￿sp￿tt Cwts8 L•n*ed * o company limitod byguaTantee Inumbtr
31577031 incc¥porated on 7 Fe￿ I￿ and ts a reb¥stered chority IChaTty No".
' 10573051. The charty go¥w￿d by lis ￿l￿n￿￿uM and Artth afA55￿￿￿on adopted
7 Febftwy 2016.
The Iruslee8 and serrtj duriffj the yéar and up to the d* these financkl
J Oubber
M McH¥9
C Satton•oc*s
L Hwris
A Xingni Shi
Roggwj on 15 Jlty 2023 .
16 W 2023
Resyj on 31 A￿U$l 2022
J Smrfh
JR*
CfAyrrySecre
STO
Structure. governance and management
Trustses afg appowtsd under MKhan￿ Ihal allw bolh Regent Hlgh Schocl (RHSI and
UCL. as meft*efS, to influen¢e the St￿e9Y. Wties and management ofthe Sports Centre.
Regert HvJh SclM>al can appom￿ up to f04K trustees. UCL can ¥ptynt up lo fNe trusts•5.
The Somers Tu41m Conunwty Sp￿ts'ce￿￿ en￿ra￿ a dr¥•rse soc•. wel¢orne$ affl
people a￿1 their thffefern. The SomeTS TMI Ccrnunty Spyts Centre
rewnizes that ¢x¢urs at all levels in sttiety. Thè Somers T¢Mn
Communty sp￿ts Centre 15 an equal OFPCrftunit* LV9an¢*iorL person thal into
disodvanla9e olh¢rs ￿ lh¢ ground of ther ethnK gvoup. n*KJn•lty. $ex. gender. sexual
OnentatI￿ ormlentty. age. d￿￿bilty. m•it* statt45, farntycom￿l1￿ItS. Oitical cff Teligious
vws. spent or wreknnt uiminal convidons. trado unKffi athity, or HIV statu$. Th•
Styners Twiconmunty Sports Centre regards such disuinirot￿?ft as unacceptable and
prryrKrtes eq401 oppthinlies Ixth as an and a provkler ofservices.
Somers Town Communtty Sports Centre Llmited 2

Trustees, report Ywto 31 Juty 2023
The Centr8 was wledwih the suppyl ofth8 London Bcfough ofcamden, UCL, Students,
Urrion UCL arm1 Soulh Canbjen Ci¥ThnwHty SctKd {ntrw Regait High Schoc4) to build and
operate a centre Ttr￿. Ltth NWI. forthe ber£frt ￿the I¢￿I¢0MmUnty
and tho thdents of local SCI￿018 aThJ Un￿w$dY Colege Lor#kn (UCLI.
The c4'e¢tr*P¥ of ts Centre we to wo¥ide afftydth high qualfty actpiitipg and sport and
rerxeation spxe for training, c¢nWkn and physKal lor th• b￿errt rrf the wi(kr
C{XT￿￿ty WMI the sludents of 8th(M* and UCL
Fffjm 1 Apnl 2011. respons*iltyfor day-ttrday centre rwiagement and emptyment of the
staff vras tran￿erred to Regenl High Sch￿)7. Somets Town Communty Sports Centre
L*iw¢ed rw operales as a landhyd ar*J a shJn8d rwtsl a￿a8￿ent 15 ￿ place with thè
London Br￿￿gh ofC*nden a manag￿entagreement w*h Regent High S¢hLN)l.
This pro¥•J8sa guuanteed I￿U[e income Stre￿ forthe charty Wbth ￿￿￿>$t matchmg eosts.
Public ben•fft
In fixlherance ofthese aims. the Srn Tovm CoThwnunty SpoTts Centre Limited tr(tslees
have coryplied with thew dirty in s.4 of the Charl￿5 Act 20Cfi lo have due regard lo the
Chanty Commi$8M'8 published general gLNdarKe concwnr*g the operolion of the publi
beneffl requrement underthat*￿. '
In Lyder lo en8Urt the conlinuiffj chèrttable obJ'eLls dthe Charity, tru8to6s have sub-let
Ihe Sports Centre back io the London "P*)rough ot Camden subjed to variations to the
ongthal kne and operat¥w agreeft￿L x* that there Li a c¢ntinwng ￿￿11￿*11ty for use by
the SCIKKA. UCL and the CL¥Th￿L￿￿.
The Operatry Agreemffrt Irthd￿ed no* affangwrents for ￿rating the Sports Hall and
adjoining schorj premtses for so loffj as the sU￿￿e ￿$ts. and durng wh¢h time th•
orwjinal operat¥¥ agreemwrtshalbesusFended. T￿trUste8$ ￿nt￿luel0 have overarching
res[￿$￿11￿ chanlable use of the Sports Hall. each yeaT agree the annual and
future budgets for on-going and ant￿pat￿j maintena1￿e prep*ed by RHS. and to keep
under review the operalM)n ofthe Sp￿ts Hau.
The Centre contin￿5 to provkle an invaluable fesowce to Slud&nls' unl￿ UCL Clubs and
S)c*ttes and 81 ol UCL'S twne are 8llrKated ttwh the StudentActr*i1*8 team withw*
Students. uft￿n UCL
The success rf the is based on the excefent wc¥k of ils fidl4ime staff
supported by the LorKlon Borough (rf Cwnden. RHS and UCL resources.
Flnan¢i41 rns
The Centro has te8n fvnded rgntal incom8 ard supwt from Reg8nt High
Sch¢￿1 who m¥t•p the on a day4trday basis. Total has increased only
slwJhltyfrom £80.3(￿t0£G1.a69. Tdal exP￿￿rtUre ha5 decreased from £96.667 to£94.966.
Somers Town Communty Sports Centre Limited 3

Trusl•88' report Year ¢0 31 Juty 2￿23
Flnan¢W r•wh• lccnlinuerf)
As the optt*tonal nwagewl of the Sports Centre was tranSfer￿d to RHS on 1 April
2011. Board resoNe poly lo ba a dweci*w)n renwa15 slnking fund in
c#e the day to day managwt reSpOr￿￿1￿Y for the passes back I there was to
be a failu￿ of the Cur￿11 management all￿nts wlh Re9enl Hi9h S¢hool..The 8oafd
coThider a sufficlent of reservefundto be E1c￿.(￿l0. Attt*year end the res¢￿eS stwd
at £132.10712022.' £131.087) and we C¢y￿KIer Ihis lo be suifJci¢rt
Futyv• plans
and sport and recreat*)n space for tr&ning. ¢￿￿￿)n phYs￿al actwrty for the benefit
oflhe wtder c￿rnl￿￿ and ihe sludwrts ol k>cal 5thoofs*d UCL. Thetrustees are ¢harged
with fjnsuring Ihat day to rnanwjerrenl ty Regent H￿h School achieves th
trystees (W￿ are also drectorn of Somers Tcywn Cunmunty Sport8 Cenlre Limited for
the purpJses ofcLYnpany law) are rwpol￿IbI8 tsprepari￿ the ITUStees' anftual rewrt and
the finaKial sl8twn￿ In aCCryda￿ *ilti appI￿ab￿ law and United lfj'ngdun Generalty
k¢epted A¢countirth3 Prnctu (United Kirqdom Accwnling Standwds).
Compary fw requyes the trL* to prepare fm•Kial Statem￿ frjr exh financial yegr.
Under c(ryany I￿the Iruste•s must not appr(Ne the financiBI statements unless Ilw *e
$ab"sf*d th* tw gb¥e a t￿ gnd far view ol the slate of affairs of the ch*ilable company
and ol the r¥sourc8s * appltcation of resources. irKludirwJ income and
exW￿rtUre. of the *ritable cOrnp￿ for Ihat pewx*l. In prepai*YJ these fir*ancial
st**nents. the tmtees wiired lo:
seldct surtobf• ac¢wntmg polties and then apsty Ihem conststentty:
(theNethe rn•trrfJds pil￿pIeS in the Ch•itM SORP:
ate whgther a￿Tr￿able UK &countwig standard5 hwe beert I0￿ed, ¥ubJect to any
materk41 departures dI5(*X￿ and explained lli the fift•n￿al slalements: and
e th? fin￿la1 statemerts ¢)n the gowig concem basi5 unkns it 1$ wwpropriate
to Fw8sumè that the ¢harrtable company in business.
The trusloes are osp￿s1b1e for keew"n9 adequate accounting rec￿lS that ara sufftcienl to
eyplaln the chwitable IrnnS￿ti0ns. disck)se.with ￿sOnable ac¢urn¢y
at any lirne the f4)anC￿ p)sltsi crfthe ¢haTit*te cornm and enable t￿7 to ensure that
financMI Stalen￿15 comply wtth the 2006 and the provisions of the
charity's constr<ut￿. T1￿ wo a150 respOr￿1b￿ for safeguarding th8 assets of the charity
and hence fty tsking reasonable steps k¥ the prevent￿ and det￿tIon offraud and oth
Irregu￿rit*S.
some￿ Town c(￿￿￿nty Sports C8ntre Limbted 4

Trusteeg, report Year to 31 Juty 2023
Slatsm•nt ol Intstets. rnsponslblNlles {cOntr￿d)
This ieport has been wepared in accudm Twrth the special pro¥l8lons of Pa'rt 15 01 the
C(Mpani&s Act 2006 rela¢ing lo small c(ryanies.
>wo4•d by th8 In￿ aThl Signed on ther behalf by:
J •_ 7J.LL_
foANJ &sVEfE
10 hJo 20 27
Trustee
Somws T¢Y￿n Conlnunity Spons Centre Limited S

Independent •xaminerfs r•port Yw to 31 J￿¥ 20rJ
I repK¥tto the chwity Iru5te8s ry ex￿1￿K￿ ofthe fmrrial stateThpnts ofthg
mpany for th• year orthd 31 2(r23.
liosponslbMlll•s and basls of
As Ihe Irustees ofll* company {￿LI als¢ its d¥gCtors fortho pu￿seS ofcompany '
law) you afe ￿6pM$fOl9 fw the preparakon of tr* fina￿181 statements in accordance wtih
the requiyerrents ofthE Cowies A¢t 20[61,tt￿ 2006 ACVI.
H￿Ing satisf*d mysew that the finaThjBI statements d the thafit*kn C¢¥￿•nY ore fiot
foquwed lo b8 audited uThJer Part 16 of the 2006 A¢t and ao el￿1b18 for independenl '
•xarrinat*)n. I r•port in respgx of my eyaminat￿Tr of your fin￿￿181 5talemonts as
carried out undef se¢lion 145 cl the Ch*it*s Act 2011 Ilho 2011 Act'l. In carrying out my
ex•nthia￿ft I foloAYd the Direc1K￿$ given ty the Chty CommiSs￿n un¢Jer sectlon
14515llb} of the 2011
Indewd•nt ¢xamin•rfs 8t•t•m•ffit
I have Conwleted rrry exanynabon. l thot no m*tern have com• lo my ￿tent￿ In
countirwj T￿r￿d5 were nc* kept in rl the ¢hwftabl8 COrnF*ny ￿ wuired by
ofthe 2(￿ Ad olher than any requ¥enwrt that thefinancial statements gi¥0 a'true and
l¥ Thth¢h is not a mètt8r c(YB#lered.as wt ol an 1ndw￿ent 9X￿1n¥t10￿', or
the fmancial st*ements hove not been prepared in aCco￿ance wrth the methods and
Pfinaples of th8 fLY 'Accourtwig aNI ReportwvJ by Charitse& the Statement of
Reeom*nd¢d Prnetio •ppltsbl• to ¢harAi•s preparing their xcounts in xcordance
the Fin•K￿l Rep)rtiNJ s1wda￿ arw*able UK Republc ol Irgtand (FRS
102) (effecth* 1 2015)."
I ha¥6 no concerns and hwle &ross Th) other matters in COMe¢tion with Ihg
eX￿l￿at￿)n lo wh￿h attention sh￿￿d b8 drawn in this rwt c*der to enable ? proper
understsnding of the financ&* ststements to b8 reached.
Sh*1 Blokemo
Buzza¢ott LLP
Chartered Accourknts
130 Street
EC2V 6DL
Dale: 23]anuary 2024
Somers TNin Communty Sports Centre Limited

Statement of Ilnanchl Xtlvllles (Incorporatiry incom• and w)enditurn a¢count)
Year lo 31 Juty 2023
Unr*Kt•J R•slriciad T1￿•1 frJnd• Tot•1 fur•J
funds
2022
Charflable
In￿StI￿rtt
Tolal In¢or*•
61.043
61.043
60.158
150
60,306
61.669
Exp•ndll
34.316
34.316
96.667
96.667
Tot•1 •xP•nd1￿r¥
N•1 (•xp•ndI￿1•) fovth•
y•ar
1.019
134.316)
13J.2971
138,361)
14•t rn0¥4m•nt IA
y•ar
1.019
134.318)
13J3971
136.361)
F￿d9 brWfoThv*d at 1 Awt
Funds c•Fthid lor•Anl •t M J
131.Q87
132.1(
417.240
382,924
548.327
516.030
584,688
548.327
Somer5 T¢Jty¥n CoTh¥nunty Swrts Cenlre Limited 7

Balanc• $h•et 31 Juty 2023
2Q2J
2022
417.240
Cuft•nt asg•ts
Cash atb>* arxl in h•rM1
134.607
1J4.607
126,937
132.767
CrndltoTr'. amounlB faluy
wrfhin year
10
{1.Wl
131107
131.087
T(thl n•tA*••ts
616,OJ1
548.327
UnrestrKW
RestTrX8d fiJr*J¥
Toknl furtd•
11
12
13
132.107
)82.924
516.051
131.087
417.240
54&327
FLY the year ended 31 Juty %)23. the comparry w8s enmed io aK•Mp1K￿ from a￿lli under
Section 477 cl the C¢xnpanies Act 2￿ ￿lat￿￿ lo small corr¥)an*s. Thè members hav8 not
roqyired theu¥npary toobtain an audil of ils accounts tr the year Ni question in accwdance
4th Sectton 476.
Th81n￿tte# *kth*dge tt*r responsfoilit*s fty ¢￿￿ling thg r•quirements ollheAct
lo ¢rynpanies $ubJect to th8 snBI reg¥ne.
These fThncial statements we approved by ttr* Off￿ cixnmittee arxl are s￿ned
i>n I￿r behaw by.."
foHKJ IJVGEER
TNsteo
£0
L￿- 20 13
Sorners Twi Communrty Skx)rt5 Centre Limiled 8

Prfnclpal ac¢ounllng pollclos Yew lo 31 July 2023
Ct>rnpany Infonnation
TheprirMxpal&twrty ofthechwity is Ihe prtyry5i(￿ ofsport and r￿ationf￿11*lB8 in Some
T￿ll, LoThlon NW1. The incNfftted chaty (registered nun*er 3157703 and charity
number 105730SI is irworated arKI domKiknl in the LM. The addr95s of the ￿gister
ofke is Unrversty Colegè Lthlon Unh)n. 25 ¢*)￿0n Streel. Lonth)n. K1H IIAH.
Ba515 of PT•paratlon
The finanoal statemerts have been pftp•ed in wjthnce Charitie5 SORP .
(FRS1021 appltabkn to charit￿ preparing thwr accounts in 8*¢ordar¢e wih the FinaKial
Repcrfirwj Standards ¥W￿able in th? UK ReMW¢dlreLqnd WMI the Charilies Act 2011
KI UK Gereraly Acwod l>r•*o as it frorn 1 January 2015.
Assets and Ikqblrties *Mtialty recwised al histyical cost or tran6act*)n valu8 ￿lesS
Golng Goncem
The Trustees conspJer that there is a rÈasonabfe •xpectation Ihat the Trust has adequate
resourcesto conlinu8 in cwational existence lortr*ftye5eeable futuffj and, forthis teason.
they continuoto ath* thogoing cfyKem basis in F￿eparing the anrll￿I ffinanc4818talements.
The Trustees have made this assessment in"roSPXt to a period * ba¥1 on8 from
date ofapproval of I1￿e financial st*ements.
CT6tic*l a¢￿￿￿tIng judg•ments and k•y sources of•stlmatlon unc•rtalnty
In the applKatKfft ol ¢h8nty's xccwnliffj p)liues. trustees are rffjuired to make
judgements, eslinwt8s and assunwtrons about the rarying value of assets liabilitigs
that are not re•J*y appw•# other sources. The estimat￿ and undertying
assumpth'ons are based on hi5toital expener¢e and ttsfxtors Ihat ar8 considered to be
relev8nt. Aclual resuhs may drfler frcffl.these e¥iinates.
The eslimales and underfywwj a5SWllPtl￿ we rtrlrvwed on gn on-9)ng Wis. Revi5K)ns
to a¢coun¢ing estimates are Rccqnised in the peric4J in whth the estimate is revised rf th
affe¢ls onty that per*)d. or in the poriod d r8vis*Jn aThJ futfft perwyJ$ ilthe revk#ion
Fln•ncl•l In8tnw
The charity onty has financial assets *¥J fina￿181 Ithffjth'e$ of a kind that qU8￿fy as basic
financial instruments. Bacfinanu* Aislrum￿ts are initialty recL¥nised at Iransact*)n value
and subseqwnty measured at thw Va￿0.
Inc(x
All Inccffjing rns(wtces we ww*ded in the staemenl of finarrAal Xtivit￿ when the charity
is entit￿d to the income. the ffwne is probabl8, *¥J th8 amount be quantified wilh
EJtpondltur•
EXpW￿￿Ur8 ￿ Tecogni¥•J on an as exh liabthty ￿ vKurr•J.
Chanlable expenditure ccrfnprtts Ihose Costs incurred by ch*ty in the delivery of ils
activities and servvs for it5 beneficiaries. It i￿ludeS lyAh costs that can h alk￿ted
directty to s￿h actMt*s ltrose costs of an indwect nalure n￿eSSary to SUPPOrt them.
Somers Town C(Mnmunty Sports Cw*e Limited g

Prln¢ipal a¢¢ounting pollcl•s Yearto 31 2023
Fund a¢¢ountk•g
ch¥it*Ae at the of trust8es..
use ol went funds. Tho irxcffte bs lkn to th& relwant restrfcted fund8.
Aestri¢t•d fvnds
iiiial ¢8ptsI fft rKeived lo enabl• u￿SIn￿tiOft of the Cerrtre were included 48
restrthd fur*ds *rythin thè resep¥W. The dewEU￿on on the Centra * debied to
Ihe restrided fvThJ.
Depr•elation
C¥prtal eX￿lIu￿ in •x¢ess of £1.(m is eapittilised at cost wihin f￿fjd 8ssels.
ExFendrtwe tess this anount is charpj to tha stalemert of fin*Kial xtNiti¢$ in the
yw it is inujrred.
L1•preC￿0￿ 15 c*uiated so as kn wrle df the cost of aTr ass& fess its eslirn*d resldual
value, the wful that asset as fdb*s:
Pl•il and rri**iwy
4%
20% to 33% per amum
Leasehokl
2.5% pw wntmn
Taxatlon
such taxes ag a re5utt of it5 d￿ritsb￿ $tatU5.
. Trad* and d8blorn we rwr4sed at th• s￿(181￿￿ wnourt due after trade
discountoffwed. Prnpayymls vak*d al the ￿nt prepah1 aftertakuw axountofany
tr•Je dr6r¥Junts .
Crndltorn afid pm¥lsltyx4
CffjditoT6 and provis￿$ are rwnised W￿￿n Ihe charty has a present oblKJation resuliing
frcAn a pasl ￿ent that will prrJb8bty result in thg transfer of tunds to a tIMrd p•ty ènd the
amourt to seth Oblig*1￿ can ￿ moaswed or estimaled feliabty.
Son*rs Tcwm Communty Sports Centre Lhntted 10

Notes to the financlal statements Yearto 31 Jwty 2023
3 Inve*meDt Incom•
2025
626
626
150
Iso
4 In¢om• fvom ¢hwhabh athlll
2023
2022
Oporallon ol Sp¢>rts C•nirn
sU￿ry irKorn•
Rental irttjme
Totsl unrnstrl¢t•d fwds
1.207
58,949
60,156
61.043
81.043
5 Charftabl• activths
Total
2023
. Op•raUno ol Sport* C•ntr•
34,316
94,966
Tor*
2022
Funds
38.584
3a584
96.667
96.667
Costs incurred wrthii the *o¥e can t*t furfhar ar*al as lolbm:
2023
2022
34.316
57.991
2.669
94,966
Lease cosis
2,081
96,667
Support costs indude the fdb*ir#J g¢¥v4mance costs..
2023
2022
2.028
Legal ar￿ Voles￿￿1
Bank Chary•s
105
2.081
Somern TrM Cornmunty SprAts Centre Limtted 11

Notss to th• flnanclal statements Yw b 31 Juty 2023
6 Charllable actlv5¢1es (conlwl￿J)
UnNersity Coiw London Un￿￿. ..These ser¥Ths *e not refiected in these financi
6 Trustee v•munerntion
7 Not expondituve for the ye•r
expendture is Sta￿ after Ch￿ing (nd olVAT)'.
2022
Deprea'*"on
34316
38.584
2.028
8 Tanglblo fixed assets
Tot•1
Colt
At 1 Au9U5t 2022
108.342 1.1fi6.￿ 1A76.133
At 31 J￿20Zj
199.822
108,342
1.166,*9 1 1A76,133
0opMel*iion
At l A￿uSt 2022
Char9e krflhe year
At 31 Juty 2023
199.8Z2
97.156
6,151
103.X17
7eo,915
28,165
34.31$
789.fAO 1,1192.209
I￿).822 .
At 31 2023
Al 31 Juty 2022
0.035
11.186
.3TI,18•
41￿.054
302.924
.417.240
9 D•btors
2023
5.8X)
5,6XI
Somws Communty Sports Centre Limited 12

Notes to the Ilnanelal sLtsments Y*rto 31 July 21r23
10 Cr•dStorn: •nounts tslling due within one yw.
2023
2022
2.600
2hOO
1,680.
1.680
11 lthr•8Irfc￿ lur•ds
BalarK* al"
1 A￿j￿1
2022
Balanc• at
31 July
2023
arKI equyrnent
131.(B7
131,087
61.669
61.e69
160.6501
180.8501
132,11X
132,IlX
88lants at
31 Juty
l August
Bi*l&rrtJantl8qW￿¢tss•fv￿ 128,864 60.306 ' ($8.083)
12&864
60.3￿ (58.083)
191.087
131.08T
Th8 Buib*ThJ and Equ¥>ment Teserve has bew cR*ed in accordance with the tern￿ of the
.' operating agreemenl in order fimds are avalatile for t￿ c￿tro.$ contingont tiabilty lo
rep*e the buddwvj arrtl eqUpWi￿
12 Rost1K￿ funds
B*lan¢• at
31 Juty
2023
1Aug
2022
ne Exkw#Jiture Tran¥tsrs
DeleTrJ c4Jital grnnt
417.240
417.240
134.3161
134.3161
381924
381924
B•l8n¢•
31 July
2022
I AL￿ts
455.824
454824
(38.584)
(38.$84J
417.240
417.240
Capital urants ware made by Ihe Unrrtsdy Colbege London Union arKI the Fourwjation lor
Spryts •KI Arts to tho Centre on to f￿d thg purchase oflho Sp)rt$ Centre and
e I￿luded a restrthd fvnd.
&)mers Town Communty si￿$ Centre Limited 13

Notes to the Ilnanclal statements Year to 31 2023
13 Analysls of n•t ass•ts (bel*￿ rnStr1￿ and unr¢*ricl•d fvnds)
Totsl
21123
. TaTrJible r￿ed ¥55•ts .
Current assets
382.924 3e1924
134.607
12,600)
515,031
134.607
12.5(Ql
132..107
382.924
Total
2022
417.240
417.240
132.767
fl,680)
548,327
132.T67
(1.680)
I31.C￿l
417,240
14 R•lat•d party trnnsactlon*
lthivwsrty Cdlege LoThlon IUCL) Re￿ Hwjh Sth(x)l (RHS) are wLated parties as
R•g•nt Ilryh Sc1K￿l
The Cenlre made sales t￿￿•19 £ 61.04312tr22." £58.919) to sGhool In year.
Tho Cerkn made purcha5e5 10101kn9 £57.991 (2tr22: £56,002) from the school durng the
year. The owed £NIL121Y22: £5.8J)I to the CeAtre ￿ 31 Jlty 2023.
Centre £NII (2W22.' £NI) to UCLU ai 31 Juty 2023.
The Trustees fftcerrfed nci rwnuneration in respect of thelr saviees to the Certre. nor any
rewnbursonwrt ol expenses duri19 the year.
15 Memb•rn' Ilablllty
The Certre has rK> subj￿ $h*o and.in tho th? C￿P￿ry b8ir4J wound
up. Ihe rn￿. UCL and RHS, wll be liable for £1 ea¢h. In the event of a winding LIP. the
fminirvj assets ofthe must be transfrrred to charty wth 3￿mIarCharlIab1e
pose arbl may ncrt be dtstft.b￿ed to Ihe mentrrs..
16 Uttlm•t• p•rnnt ￿￿panY
The Mernb￿s ofth• Cthiwany are unl￿$￿ Cdl8ge LO1￿ IUCLI and Regent Hffjh School
IRHSI. UCL has the p¢)wer to a￿1n1 fve tDJstees and is therefore deemed lo b
the uftimate pwent undertakiw.
Somern T(y*n Comrnunty Sports Centre Limited 14

Notes to the Ilnanclal Statements Yearto 31 Jjty 2Q23
16 Uttim•te p•r•nt eofflpany (corlinued)
The cOn￿ld*18￿ Financ￿ Ststanerds of UCL. which aro the only consolidat•d finanGial
D¥ector ol Finance
Univerwty Col*e LoThlon
Le￿dOn .
WC1E68T
17 FlnanGW
2023
2022
134,607
12.500)
132.767
11,6801
FinaThJ* lat¥libes St￿￿•￿58d c¢*t
T￿ ccwry)any's YKcffie. expense. wns k)yse8 in re8pe¢t of ffin￿￿1 instrumerts *e
2D2J
2022
626
19)
cash equivalerts.
Fina￿la1 liablitw measured at aTrJrtistrJ cost c4)nwrM dhercfedilors and accrual5.
Somers Tovffl Comrnunity SpoFts Ceth Limited 15

Notes to the Ilnanclal statements Ye* to 31 2023
2022
60.156
150
60.306
Tolalwxon
ExpgTr*tvrn
Chanlabfe 8¢hli
Total oxp8nthlr4•
. A083 38.584
51083 38.584
96,667 .
96.667
1223
(38.5841
136.361J
1223
(38.584)
(36.361)
128,864
131.Cf7
45&824 584.688
41T.240
548.327
Fuixts aljl J¥ty
Smrs TO￿ Corniunty Sports Centre Limtled 16

Detalled statement of flnanclal actlvllles Year lo 31 W tr23
2023
2023
2022
Bank interest
SuTrJry lrtom8
1S0
1.207
58,949
60.306
61.04)
61.669
Totsl In¢MI•
C￿￿•1￿1¢11¥1l￿#
Dw)r•aation ￿fa•d •s90lB
134316)
1ST.
{&8.5841
l%,C¥)21
194.5861
Legal & PTQfwQn￿ kns
IndBwndwl feo
Bank Charges
{$3)
1531
12.0281
{2,66•1
{94,96fj1
12,0811
96.6671
Tol•l •xp•ndltsw•
N•¢ fortho year
133.297)
136.3611
&Jmers Ttywn Comrnwyty sP￿ts Centre Limiied 17