| Contents | |
|---|---|
| Page | |
| Company Information |
|
| Chair's overview | |
| Trustees report | 5-13 |
| Independent Auditor's Report |
14-16 |
| Statement ofFinancial Activities | 17 |
| Balance Sheet | |
| Statement ofCash Flows | 19 |
| Notes to the Financial Statements | 20-24 |
| Appendix - Grants Awarded | 25-27 |
| Wembley | National Stadium Trust |
|---|---|
| Registered | charity 1072392 |
| Registered | company 3667982 |
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| INCOME FROM: | |||||
| Donations and legacies |
|||||
| Turnover grant &om Wembley National |
Stadium Ltd | 4 | 827,146 | 951,785 | |
| Investment Income |
|||||
| Interest Receivable | 1,055 | 649 | |||
| Total Income | 828,201 | 952,434 | |||
| EXPENDITURE | |||||
| Charitable Activities |
(975,160) | (723,988) | |||
| Total Expenditure | (975,160) | (723,988) | |||
| Net (expenditure) / income for the year |
(146,959) | 228,446 | |||
| Unrestricted fund balances brought |
forward | 497,104 | 268,658 | ||
| Unrestricted fund balances carried |
forward | 350,145 | 497,104 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Notes | ||||
| ASSETS | ||||
| Current Assets | ||||
| Debtors | 272,799 | 476,124 | ||
| Cash at bank and in | hand | 631,022 | 646,884 | |
| 903,821 | 1,123,008 | |||
| CURRENT LIABILITIES | ||||
| (544,592) | (592,737) | |||
| Creditors (Amounts |
falling due within one year) | |||
| NET CURRENT ASSETS | 359/29 | 530/71 | ||
| Creditors (Amounts | falling after one year) | (9,084) | (33,167) | |
| NET ASSETS | 350,145 | 497,104 | ||
| RESERVES | 10 | |||
| Unrestricted funds |
||||
| General funds | 350,145 | 497,104 | ||
| TOTAL FUNDS | 350,145 | 497,104 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Cash (used by) operating activities |
(16,917) | (367,884) | |||||
| Cash flows from investing activities |
|||||||
| Dividends and interest |
1,055 | 649 | |||||
| Net cash provided by/(used in) investing |
activities | 1,055 | 649 | ||||
| Change in cash and cash equivalents in the Cash and cash equivalents at the beginning |
reporting period ofthe reporting |
period | (15,862) 646,884 |
(367,235) 1,014,119 |
|||
| Cash and cash equivalents at the end of |
the reporting | period | 631,022 | 646,884 | |||
| NOTES TO THE STATEMENT OF CASH FLOWS | |||||||
| 2020 | 2019 | ||||||
| Reconciliation ofNet Income to Net Cash Flow from | Operating | Activities | |||||
| Net income for the reporting period |
(146,959) | 228,446 | |||||
| (Increase) / decrease in debtors (Decrease) in creditors Interest and Dividends |
203,325 (72,228) (1,055) |
(105,960) (489,721) (649) |
|||||
| Net cash (used by) operating activities |
16,91 | 367,884 | |||||
| Analysis ofCash and Cash Equivalents | 2020 | 2019 | |||||
| Cash at bank and in hand | 631,022 | 646,884 | |||||
| 631,022 | 646,884 |
| At | 1April 2019 | Cash flows | Cash flows | At 31March 2020 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Cash | at | bank | and | in | |||||
| hand | 646,884 | (15,862) | 631,022 | ||||||
| 646,884 | 15,862 | . | 631,022 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Turnover | grant | from | WNSL: | April 2018—Sept 2018 | 475,661 | |
| Turnover | grant | &om | WNSL: | October 2018-March 2019 | 476,124 | |
| Turnover | grant | from | WNSL: | April 2019 —Sept 2019 | 554,347 | |
| Turnover | grant | &om | WNSL: | October 2019-March 2020 | 272,799 | |
| 827,146 | 951,785 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Grant payments | ||||
| LBBrent Summer | 2018 | 180,150 | ||
| LBBrent Winter 2019 | 224,270 | |||
| LBBrent Summer | 2019 | 209,720 | ||
| LBBrent Winter 2020 | 150,800 | |||
| LBHaringey programme |
77,380 | |||
| England Programme Counts phase 1) |
(Every | Player | 36,000 | |
| England programme Counts phase 2) |
(Every | Player | 530,000 | |
| England programme League Trust) |
(National | 100,000 | ||
| Grants written back | / repaid | (102,040) | (7,460) | |
| Sub-total | 824,480 | 574/40 | ||
| Support costs | ||||
| Support costs | 135,540 | 132,780 | ||
| Web site design and | hosting | 192 | 623 | |
| Promotional materials |
1,908 | 1,790 | ||
| Governance costs (below) |
9,109 | 10,826 | ||
| Insurances | 482 | 482 | ||
| Miscellaneous fees |
3,372 | 2,952 | ||
| Otlier costs | 77 | 195 | ||
| Total support costs | 150,680 | 149,648 | ||
| Total costs | 975,160 | 723,988 |
| Wembley | Nationa | I Stadium Trust |
|---|---|---|
| Registered | charity | 1072392 |
| Registered | company 3667982 |
| Governance | Governance | costs | 2020 | 2019 | |
|---|---|---|---|---|---|
| Audit fee | 7,110 | 7,800 | |||
| Trustees' | expenses | 1,999 | 3,026 | ||
| Total governance | costs | 9,109 | 10,826 |
| Debtors | |||
|---|---|---|---|
| 2020 | 2019 | ||
| Accrued income from WNSL | 272,799 | 476,124 | |
| 272,799 | 476,124 | ||
| Creditors | |||
| 2020 | 2019 | ||
| Amounts due within one year: |
|||
| Grants awarded but not paid |
out: | ||
| LBBrent grants programmes | 209,187 | 227,672 | |
| LBHaringey grants programme |
5,000 | ||
| Inclusive United underspend | grants | 6,200 | |
| London-wide programmes |
40,000 | 285,000 | |
| England programme with EFLTrust |
277,000 | ||
| National League Trust programme |
50,000 | ||
| Audit fee | 7,110 | 7,800 | |
| City Bridge Trust contract fee | 11,295 | 11,065 | |
| 544,592 | 592,737 | ||
| Amounts due after more than one |
|||
| year: | |||
| Grants awarded but not paid |
out: | ||
| LBBrent grants programmes | 9,084 | 13,167 | |
| London-wide programmes |
20,000 | ||
| 9,084 | 33,167 |
| Brent Youth Football League | f25,000to establish a new youth football league. |
|---|---|
| Divert | f25,000towards a crime diversion project in Brent. |
| England Netball |
f16,000for strategic development in Brent. |
| Middlesex FA |
f25,000for strategic football development in Brent. |
| Middlesex FA |
f10,000for a Charter Standard rewards scheme. |