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|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|
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|Wembley|National Stadium Trust|
|---|---|
|Registered|charity 1072392|
|Registered|company 3667982|
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|||||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|
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||||||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|
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||||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|
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|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|
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|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.|
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