Somers Town Community
Sports Centre Limited
Annual Report and Financial
Statements
31 July 2024
Company LlmSled by Guaranleg
Reglslialion Number
3157703 (England and Wales)
Charity Aagislralion Number
1057305

Contents
Reporls
Reference and administrative information
Trustees, report
Independent examiner's report
Financial statements
Statement of financial activilies
Balance sheel
Principal accounting policies
Notes to the financial statements
D8tailed statement of financial activities 17
Somers Town Community Sports Centre Limited

Reference and administrative information
Members
Regent High School (previously known as
South Camden Community School)
UCL
The Board of Members
G Moore
J Race
L Harris
K Sykes
C Salton-Brooks
J Dubber
A Boikova
Company Secretary
STO
Prlnclpal offlce
University College London Union
25 Gordon Street
London
WC1H OAH
Company registration number
3157703
Charlty registration number
1057305
Independent Examlner
Buzzacott LLP
130 Wood Street
London
EC2V 6DL
Solicitor8
Glovers
115 Park Street
London
W1Y4DY
Bankers
Metro Bank
One Southampton Row
London
WC1B SHA
Somers Town Community Sports Centre Limited 1

Trustees, report Year to 31 July 2024
The Board of Trustees, who are the company directors for the purposes of the Companies
Act 2006, present their Annual Report for the year ended 31 July 2024, together with the
financial statements for the year. The Board confirms Ihat the latter comply wilh the
requirements of tha Charities Act 2011. the Companies Act 2006. the Company's
Memorandum and Articles of Association and Accounting and Reporting by Charilies..
Statemenl ol Recommended Practice applicable to charities preparing accounts in
accordance with Ihe Financial Reporting Standard applicable in the UK and Republic of
Ireland {FRS1021 (effective 1 January 20151. The information on page 1 forms part of this
report.
Reference and administratlve details
Somers Town Community Sports C8ntr8 Limited is a company limited by guarant86 (number
31577031 incorporated on 7 February 1996 and is a registered charity (Chariiy No:
1057305). The charity is governed by its Memorandum and Articles of Association adopted
7 February 2016.
The trustees and officers who served during the year and up to the date these financial
statements were approved ar8 as follows:
UCL nominees..
K Sykes
J Dubber
A Xingni Shi
C Sallon.Brooks
L Harris
A Boikova
Flesigned on 15 July 2024
Appointed on 16 July 2024
Regent High School nominees..
G Moore
J Smith
J Race
Resignation on 18 March 2024
Companysecretary
STO
Structure, governance and management
Trustees are appointed under mechanisms thal allow both Regent High School {RHS} and
UCL, as m8mbers, lo influence the strategy. policies and management of the Sports Centre.
Regent High School can appoint up to four trustees. UCL can appoint up to five trustees.
The trustees are not paid for their work as trustees.
Equal opportunities policy
The Somers Town Communiiy Sports Centre embraces a diverse sociely, welcomes all
people and values their differences. The Somers Town Community Sports Centre
recognises Ihal discrimination occurs at all levels in our society. The Somers Town
Community Sports Centre is an equal opportunities organisation. No person that comes into
contact with the Centre should receive less lavourable treatment, be disadvantaged or
disadvantage others on the ground of their ethnic group, nationalily, sex, gender, sexual
orientation or identily, age. disability, marital status, family commitments, polilical or religious
views, spent or irrelevant criminal convictions, trade union aclivity, or HIV status. The
Somers Town Community Sports Centre regards such discrimination as unacceptable and
promotes equal opportunities both as an employer and a provider of services.
Somers Town Community Sports Centre Limited 2

Trustees. report Year to 31 July 2024
Structure, governance and managemenl (continued)
Objectives and activities
The Centre was created with the support of Ihe London Borough of Camden, UCL, Sludents.
Union UCL and South Camden Community School (now Regent High School) to build and
operate a sports centre in Somers Town. London NW1. forthe benefit of the local community
and the students of local schools and University College London (UCL).
The objectives of the Centre are to provide aflordable high quality activities and sport and
recreation space for training. competition and physical activity for the benefit of th8 wider
community and the students of local schools and UCL.
From 1 April 2011, responsibility for day-to-day centre management and employment of the
stall was transferred to Regent High School. Somers Town Community Sports Centre
Limited now operates as a landlord and a signed rental agreemenl is in place with the
London Borough ol Camden alongside a management agreement with Regenl High School.
This provides a guaranteed luture income Sir8am for the charity with almost matching costs.
Public benelit
In furtherance of these aims, the Somers Town Community Sports Centre Limited Iruslees
have complied with their duty in s.4 01 the Chari118s Act 2006 to have due regard to the
Charity Commission's published general guidance concerning the operation of the public
benefit requirement under that Act.
Achievements and performance
In order to ensur8 the continuing charitable objects of the Charity, the trust8es have sub-lèt
the Sports Centre back to the London Borough of Camden subject lo variations to the
original lease and operating agreement, so Ihat there is a continuing availability lor use by
the School, UCL and the wider community.
The Operaiing Agreement introduced new arrangements lor operating the Sports Hall and
adjoining school premises for so long as the sub-lease exists, and during which time the
original operating agreement shall be suspended. The trustees continue to have overarching
responsibility for charilable use of the Sports Hall, and each year agree the annual and
future budgets lor on-going and anticipated maintenance prepared by RHS, and to keep
under review the operation of the Sports Hall. This year. demonstrating their commilment
to financial and environmental sustainability, the trustees worked with a community energy
organisation, Power Ljp North London, to implement a renewable energy scheme for the
Somers Town Community Sports Centre. The scheme involved investing funds from the
Sports Centre's reserves to support the inslallalion of solar panels on Ihe school's roof and
repairing an existing solar hot water system. This will enable the Centre to significantly cut
its carbon emissions, reduce the school and the Centre's eleclricity bills, and deliver a
financial return.
The Centre continues to provide an invaluablo resource to Students, Union UCL Clubs and
Societies and all of UCL'S time slots are allocated through the Student Activities team within
Students, Union UCL.
Somers Town Community Sports Centre Limited 3

Trustees, report Year to 31 July 2024
The conlinuing success of the Centre is based on the excellent work of its full-time staff
supported by the London Borough of Camden, RHS and UCL resources.
Financial resulls
The Centre has been funded by rental income and direct financial support from Regent High
School who manage the facility on a day-to-day basis. Total income has increased from
£61,669 to £68,561. Total expenditure has increased from £94,966 to £100,964.
Reserves poIIcy
As the operational management of the Sports Centre was transferred to RHS on 1 April
2011, the Board considers their reserve policy to be a deprecialion renewals sinking fund in
case the day to day management responsibility for the Centre passes back il there was to
b8 a failure of the current managem8nt arrangements with Regent High School. The Board
consider a suflicient level ol reserve fund to be £100,000. At the y8ar end the reserves stood
at £132,905 (2023: £132.107) and we consider this to be sufficient.
Future plans
The future objectives of the Centre are to continue providing affordable high-quality aclivities
and sport and recrealion space for training, competition and physical activity for the benefit
of the wider community and the students of local schools and UCL. The truslees are charged
with ensuring that day to day management by Regenl High School achieves Ih8se
objectives.
Statement of trustees, responsibllltles
The trustees (who are also directors of Somers Town Community Sports Centre Limited for
the purpos8s of company law) are responsible for preparing Ihe trustees, annual report and
the financial statements in accordance with applicable law and United Kingdom Generally
Accepled Accounting Practice (United Kingdom Accounting Standards}.
Company law requires the trustees to prepare financial slalements for each financial year.
Under company law the trustees must not approve the financial statements unless they are
satisfied Ihat they give a true and fair view of the state of alfairs of the charitable company
and of the incoming resources and application of resources, including the income and
expenditure, of Ihe charitable company for that period. In preparing these financial
statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.
observe the methods and principles in the Charities SORP.
make judgments and estimates Ihat are reasonable and prudent,,
state whether applicable UK accounting slandards have been followed, subject to any
material departures disclosed and explained in the financial statements. and
prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the charitable company will continue in business.
Somers Town Community Sports Centre Limited 4

Trustees. report Year to 31 July 2024
The t rustees are responsible for keeping adequate accounting records that are sufficient to
show and explain Ihe charitable company's transactions, disclose with reasonable accuracy
at any time the financial position of the charitable company and enable them to ensure that
the financial statements comply wilh the Companies Act 2006 and the provisions of the
charity's constitution. They are also responsible for safeguarding the assets of the charity
and hence for taking reasonable steps for the prevention and detection of fraud and other
irregularities.
Slatement of truslees, responsibilities (continued}
This report has been prepared in accordance with the special provisions of Part 15 of the
Companies Act 2006 relating lo small companies,
Approved by the trustees and signed on their behalf by:
J&_ IJLL
John Dubber
Trustee
Approved by the truslees on., 2111112024
Somers Town Community Sports Centre Limited 5

Independent examiner's report Year to 31 July 2024
I report to the charity trustees on my examination of the financial statements ol the charitable
company for the year ended 31 July 2024.
Responsibilities and basis of report
As the truslees of the charitable company (and also its directors for the purposes of company
law) you are responsible for the pr8paration of the linancial statements in accordanc& with
the requiremenls of the Companies Act 2006 {'the 2006 Act'l.
Having satisfied mysélf that the financial slatements of the charitable company are not
required to be audited under Part 16 of the 2006 Act and are eligible for independent
examination, I report in respect of my examination of your charity's financial siatements as
carried out under section 145 of the Charities Act 2011 I'the 2011 Act,). In carrying oul my
examination I have followed Ihe Directions given by the Charity Commission under section
145(5)Ibl of the 2011 Acl.
Independent examiner's statement
I have compleled my examinalion. I confirm that no matters have come lo my attention in
connection with my examination giving me cause to believe:
accounting records were not kept in respect of the charitable company as required by
section 386 of the 2006 Act; or
the linancial statements do nol accord with those records., or
the financial stalemenls do not comply with the accounting requirements of section 396
of th8 2006 Act other than any requirement that the financial slalemenls give a 'true and
fair view, which is not a matter considered as part of an independent examination. or
the financial stalemenls have not been prepared in accordance with the methods and
principles of the for "Accounting and Reporting by Charities: the Statement of
Flecommended Practice applicable lo charities preparing their accounts in accordance
with the Financial Reporting Standard applicab18 in the UK and Republic of Ireland (FRS
1021 lelfectiv@ 1 January 20151.
I have no concerns and have come across no other matters in connection with the
examination to which attenlion should be drawn in this report in order lo enable a proper
und8rstanding of the financial statements to be reached.
Buzzacott LLP
Chartered Accountants
130 Wood Street
London
EC2V 6DL
Date: 9 December 2024
Somers Town Community Sports Centre Limited 6

Statement of financial activities (incorporating income and expenditure account)
Year to 31 July 2024
Unreslricled
funds
Reslricled Total fund8
funds
2024
Total funds
2023
Notes
Income and endowments Irorn
Charilablg activities
Investment
Total Income
67.020
1,541
68,561
67,020
1,541
68,561
61,043
626
61,669
Expendlture
Charilablg activities
Total expondlture
67,763
67,763
33,201
33,201
100,964
100,964
94,966
94,966
Net Income (expendlturel for the year
798
133,2011
132.4031
133,2971
Net m¢v•m•nt In funds for th• y••r
798
133,2011
132,4031
133,2971
Funds brou9hl forward al l August
Funds carrled lorward at 31 July
132,107
132,905
382.924
349.723
515,030
482,627
548,327
515,030
Somers Town Community Sports Centre Limited 7

Balance sheet 31 July 2024
2024
£'ooo
2024
£'ooo
2023
£'ooo
2023
£'ooo
Notes
Flxed as8et8
Tangible fixed assets
Investmenls
349.722
20,000
369,722
382.924
Current a888t8
Debtors
Cash at bank and in hand
10
116,085
116,085
134,607
134,607
Credltor8: amounts lalling due
within on8 year
Net current a88et8
(3,180>
12,500}
112,905
132,107
Total net asset8
482,627
515,031
Fund8
Unrestricted funds
Restrictèd funds
Total fund8
12
13
14
132.905
349,722
482,627
132,107
382,924
515,031
For the year ended 31 July 2024, the company was enlilled to exemption from audit under
Section 477 of the Companies Act 2006 relating to small companies. The members have not
required the company to obtain an audit of ils accounts for the year in question in accordance
with Section 476.
The trustees acknowledge their responsibilities for complying with the requirements of Ihe Act
with respect to accounting records and the preparation ol accounts.
Th88e financial slatements have been prepared in accordance with the provisions applicable
to companies subject to Ihe small companies regime.
These financial statements were approved by Ihe members of the committee and are signed
on their behalf by:
JoL_
John Dubber
Trustee
Approved by the trustees on: 2111112024
Company registration number: 3157703 (England and Wales)
Somers Town Community Sports Centre Limited

Principal accounting policies Year to 31 July 2024
Company information
The principal activity of the charity is the provision of sport and recreation facilities in Somers
Town, London NW1. The incorporated charity (registered number 3157703 and charity
number 10573051 is incorporated and domiciled in the UK. The address of the registered
office is University College London Union, 25 Gordon Street, London. WC1 H OAH.
Basis ol preparation
The financial statements have been prepared in accordance with the Charities SORP
(FRS1021 applicable to charities preparing their accounts in accordance with the Financial
Reporting Standards applicable in the UK and Republic of Ireland and the Charities Act 2011
and UK Generally Accepted Practice as it appli@s from 1 January 2015.
Assets and liabilities are initially recognised at historical cost or transaction value unless
othe￿is8 stated in the relevant accounting policy note.
Going concern
The Trustees consider that there is a reasonable expectation Ihat the Trust has adequate
resourcas to continue in operational existence lor the foreseeable fulure and, lor this reason,
they conlinue lo adopl the going concern basis in preparing the annual financial statements.
The Trustees have made this assessment in respect to a period of at least one year from
the date ol approval of these financial slatemenls.
Crltlcal accounting judgemen18 and key sources of esllmation uncertainty
In Ihe application of the charity's accounting policies, trustees are required to make
judgements, estimates and assumptions about the carrying valu8 of assets and liabilities
that are not readily apparent from other sources, The estimalion and underlying
assumptions are based on historical experience and other factors that are considered to be
relevant, Actual resulls may differ from these estimates.
The estimates and underlying assumptions are reviewed on an on-going basis. Revisions
to accounting eslimates are recognised in the period in which the eslimale is revised if the
revision affects only that period, or in the period of revision and future periods if the revision
aflects the current and future periods.
Financial instruments
The charity only has financial assets and f inancial liabilities of a kind that qualily as basic
financial instrumenls. Basic financial instrumenls are inilially recognised at transaction value
and subsequently measured at their settlement value.
Income
All incoming resources are included in the statement of financial activities when the charity
is entitled to the income, the income is probable, and the amount can be quantilied with
reasonable accuracy.
Expendilure
Expenditure is recognised on an accrual basis as each liability is incurred.
Somers Town Community Sports Centre Limited

Principal accounting policies Year to 31 July 2024
Charitable expenditure comprises those costs incurred by the charity in the delivery of its
activities and services for its beneficiaries. It includes both costs that can be allocated
directly to such activities and those costs of an indirect nature necessary to support them.
Fund accounting
Unrestricted funds held by the charity are those which can be used in accordance with the
charitable objeclives at the discretion of the trustees,
Restricted lunds are where specific conditions are imposed by the donor which restricls the
use of unspent funds. The income is taken directly to the relevant restricted funds.
Restricted funds
The initial capital grants received to enable construction ol the Centre were included as
restricled funds wilhin the Charity's reserves. The depreciation on the Centre is debited to
the restricted fund.
Deprecialion
Capital expenditure in excess of £1,000 is capitalised at cost within fixed assets.
Expenditure less than this amount is charged to the statement of financial activities in the
year it is incurred.
Depreciation is calculaled so as to write off the cost of an asset, less its estimated residual
value, over the useful economic life of that asset as follows..
Plant and machinery
4%
Fixtures, fittings and equipment
20°/o to 330/0 per annum
Leasehold buildings
2.50/0 per annum
Taxatlon
No provision is made in these accounts for corporation tax as the charily is exempl from
such laxes as a result ol its charitable status,
Debtors
Trade and other deblors are recognised al the settlement amount due aft8r any trade
discount ollered. Prepayments are valued at th8 amount prepaid after taking account of any
trade discounts due.
Creditor8 and provisions
Creditors and provisions are recognised when the charity has a present obligation resulting
from a past event that will probably result in the transler of f unds to a third party and the
amount due to settle the obligation can be measured or estimated reliably.
Somers Town Community Sports Centre Limited 10

Notes to the financial statements Year lo 31 July 2024
3 Investment income
2024
2023
Bank interest incom6
Total unre8tri¢ted fund8
1,541
1,541
626
626
4 Income from charitable activities
2024
2023
Operation ol Sports Centro
Sundry income
R6nlal incomo
Total unrestrScted fund8
67.020
67,020
61,043
61,043
5 Charitable activilie8
Unreslricled
funds
Reslricled
Funds
Tot81
2024
Operallng of Sports Centre
Lease running costs of Sports Centre
67,763
67,763
33,201
33,201
100,964
100,964
Unreslricl8d
funds
Reslricted
Funds
Total
2023
Operating of Sports Centre
Lease running costs of Sports Centre
60,650
60,650
34,316
34,316
94,966
94,966
Costs incurred within the above can be further analysed as follows..
2024
2023
Depreciation
Lease costs
Support cosls
33,201
63,669
4,094
100,964
34,316
57,991
2,659
94,966
Support costs include the following governance costs..
2024
2023
Independent examinerfs18èS
Legal and professional
Bank Charges
3,680
53
361
4,094
2,500
53
106
2,659
Somers Town Community Sports Centre Limited 11

Notes to the financial statements Year to 31 July 2024
5 Charitable aclivities {continued)
No charge is made for administration services provided by University College London or
University College London Union. These services are not reflected in these financial
statements as the value of them cannot be easily quantified.
6 Trustee remuneration
No directors received remuneration or reimbursement ol expenses from Ihe company (2023,.
£nil).
7 Net expendllure for thg year
2024
2023
Depreciation
Independent examination
33,201
3,680
34,316
2,500
8 Tangible fixed assets
Fixtures,
liltings &
equipment
Plant and
machinéry
Leasehold
Buildings
Total
Cost
Al 1 August 2023
Additions
At 31 July 2024
199,822
108,342
1,166,969
1,475,133
199,822
108,342
1,166,969
1,475,133
Deprecl8tlon
At 1 Augusl 2023
Charge lor the year
Al 31 July 2024
199,822
103,307
5,036
108,342
789,080
28,165
817,245
1,092,209
33.201
1,125,410
199,822
Not book value
Al 31 July 2024
Al 31 July 2023
349,722
377,889
349,722
382,924
5.035
9 Investments
Unlisted
investment
Cash
Total
Cost
At 1 August 2023
Addilions: Shares
Revaluation in the year
At 31 July 2024
20,000
20,000
20,000
20,000
Somers Town Community Sports Centre Limited 12

Notes to the financial statements Year to 31 July 2024
10 Debtors
2024
2023
Amounls owed to group undertakings
11 Creditors: amounts falling due within one year
2024
2023
Amounts owèd lo group undertakings
Oth6r creditors
Accruals and deferred income
3,180
3,180
2,500
2,500
12 Unre81ri¢ted funds
8alanc8 at
1 August
2023
Balance al
31 July
2024
Income Expenditurè
Transfers
Building and equipment re8eNe
132,107
132,107
68,561
68,561
167,7631
167,7631
132,905
132,905
Balance at
7 August
2022
Balance al
31 July
2023
Incom8 Exp8nditur8
Transfers
Building and equipment reserve
131.087
131,087
61,669
61,669
(60,650)
(60.650)
132, 107
132, 107
The Building and Equipment reseNe has been created in accordance wilh the terms of the
operating agreement in order that funds are available for the Cenlre's contingent liability to
replace the building and equipment.
13 Restricted funds
Balance at
1 August
2023
Balance at
31 July
2024
Income Expenditure
Transfers
Deferred capital grant
382,924
382,924
133,2011
133,201 }
349,723
349,723
Balance at
l August
2022
Balance at
31 July
2023
Income Expenditure
Translers
Def8rred capital grant
417,240
417,240
(34,316)
(34,316)
382.924
382,924
Somers Town Community Sports Centre Limited 13

Notes to the financial statements Year to 31 July 2024
13 Restricted tunds (continued)
Capital grants were made by the University College London Union and the Foundation for
Sports and Arts to the Centre on incorporation to fund the purchase of the Sports Centre and
are included in a restricted lund.
14 Analysis of net assets (between restricted and unrestricted funds)
Unreslricled
Rèstricted
funds
funds
Total
2024
Tangible Iix8d assets
Currént assets
Creditors., amounts due within one year
20,000
116,085
13,1801
132,905
349,722
369,722
116,085
(3,180)
482,627
349,722
Unr8slric18d Restricted
funds
funds
Tot81
2023
Tangible fixed assets
Current assets
Gredilors.. amounts due within one year
582,924
382.924
134,607
(2,500)
515,031
134,607
(2,500)
132, 107
134,607
15 Related party transactlons
University College London (UCL} and Regent High School IRHSI are related parties as
members of the C8ntre.
Regent High School
The Cenlre made sales lotalling £67,020 (2023., £61,043) to the school in the year.
The Centre made purchases totalling £63.669 (2023.. £57,991 } from the school during the
year, Th8 school owed £Nil {2023.' £Nil) to the Centre at 31 July 2024.
The Centre owed £Nil (2023.. £Nil) to UCLU at 31 July 2024.
Trustees
The Trustees received no remuneration in respect of their services to the Centre. nor any
reimbursement of expenses during the year.
16 Members, liability
The C8nlre has no subscribed share capital and in the event of the company being wound
up, the members, UCL and RHS, will be liable lor £1 each. In the event of a winding up, the
remaining assels of the Centre must be transferred to another charity with a similar charitable
purpose and may not be distributed to the members.
Somers Town Community Sports Centre Limited 14

Notes to the financial statements Year to 31 July 2024
17 Ultimate parent company
The members of the Company are University College London (UCLI and Regent High School
(RHS). UCL however has the power to appoint five trustees and is therefore deemed to be
the Company's ultimate parent undertaking.
The consolidated Financial Slatements of UCL. which are the only consolidated financial
statements, which incorporat@ the results of the Centre, may be oblained from:
Director of Finance
University College London
Gower Street
London
WC1 E 68T.
18 Flnancial in8trumenls
2024
2023
Financial assets measured al amortised cost
Financial liabilities measured at amortised cost
116,08S
{3,1801
134,607
12,500)
The company's income, expense, gains and losses in respect of financial instruments are
summarised below..
2024
2023
Financial assets measured al amortised cost
1,541
626
Financial assets measured at amortised cost comprise trade debtors, accrued income and
cash equivalents.
Financial liabilities measured al amortised cost comprise other creditors and accruals.
Somers Town Community Sports Centre Limited 15

Notes to the financial statements Year to 31 July 2024
19 Comparative Statement of financial activities
Unrestricted
funds
Restricted Total funds
funds
2023
Notes
Income and endowm8nfs Irom
Charitable activit18S
Inv8Stment
Total income
61,043
626
61,669
61,043
626
61,669
Expenditure
Charitab18 activities
Total exp8nditure
60,650
60,650
34,316
34,316
94,966
94,966
Net incom8 (6xpendilure) for th8 y8ar
7,019
(34,316)
(33,297)
Net movemént in funds for th8 yéar
1,019
(34,316)
(33,297)
Funds brought lo￿ard at l August
Funds carried forward al 31 July
131,087
132, 106
417,240
382,924
548,327
515,030
Somers Town Community Sports Centre Limited 16

Detailed statement of financial activities Year to 31 July 2024
Th8 following does not lorm part ol the statulory financial stat8menl8
2024
2024
2023
2023
Income
Bank interest
Sundry income
Lease income from LBC
Total income
1,541
626
67,020
68,561
61,043
61,669
Charltablo activltle8
Depreciation ol fixed assets
Lease charges
(33,201 >
(63,669)
134,3161
157,9911
(96,870)
192,307}
Governance Costs
Legal & Professional lees
Independent examination lees
Bank Charges
(53)
(3,680)
(361 >
(531
{2,500}
11061
14,094)
{100,964)
12,6591
{94,9661
Total expendlture
Net expenditure for th8 yaar
(33,403)
133.2971
Somers Town Community Sports Centre Limited 17