OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-03-31-accounts

Charity Registeration No. 1077167

THE LONDON SPORTS TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

THE LONDON SPORTS TRUST

INDEX TO THE FINANCIAL STATEMENTS

Page
Legal and Administrative Information 1
Report of the Management Committee 2-6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes Forming Part of the Financial Statements 10-15

THE LONDON SPORTS TRUST

LEGAL AND ADMINISTRATIVE INFORMATION

REGISTERED CHARITY NUMBER 1077167

MANAGEMENT COMMITTEE

Rod Jack Paul Hyman Richard Bellars Sally Kettle Michael Defoe

REGISTERED OFFICE

Phoenix High School,The Curve, Shepherds Bush London, W12 0RQ

INDEPENDENT EXAMINERS Anwar Jorgis AFA, FAIA,CIPP 3 Cressage Close Southall UB1 2XP BANKERS The Co- Operatvie Bank Po box 250 Delf House Southway Skelmersdale WN8 6WT

1

THE LONDON SPORTS TRUST

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE LONDON SPORTS TRUST

I report on the accounts of the company for the year ended 31 March 2021, which are set out on page 6 to 10.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

For the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and that an independent examination is needed. The Charity gross income exceeded £250,000 and I'm qualified to undertake the examination by being qualified member of Institute of Financial Accountants

BASIS OF INDEPENDENT EXAMINER’S REPORT

My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently, I do not express an audit opinion on the view given by the accounts.

INDEPENDENT EXAMINER’S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Anwar Jorgis- AFA- FAIA-- MIPA-ACIPP 3 Cressage Close Southall Middlesex

`

]

7

THE LONDON SPORTS TRUST

STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021

Notes
Incoming resources
Incoming Resources from charitable
2
activities
Grants receivable
Incoming Resources from generated
funds
Donations and core grants
Interest income
Total Incoming resources available
for charitable application
Resources Expended
3
Charitable activities
Governance costs
Total Resources expended
Net Incoming/(outgoing) resources
before transfers
Transfers between funds
Fund balances at 1 April 2020
Fund balances at 31 March 2021		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
2021
2021
2021
2021
£
£
£
87,726
554,640
642,365
87,726
554,640
642,365
47,215
404,270
456,968
47,215
404,270
456,968
40,511
150,370
185,397
71,443
40,000
195,694
307,137
111,954
40,000
346,064
492,534		 Total
2020
£
435,214
435,214
387,845
387,845
47,369
307,137
307,137

8

THE LONDON SPORTS TRUST

BALANCE SHEET

AS AT 31 MARCH 2021

Note
FIXED ASSETS
tangible assests
Current Assets
Debtors
6
Cash at bank and in hand
Current liabilities
Amount falling due within one year
7
Net current assets
Total assets less current liabilities
Funds
8
Restricted Fund
Unrestricted Fund
Designated funds
Total Funds		 £
-
681,827		 2021
£
492,533
492,534
245,674
156,859
90,000
492,534		 £
7,020
479,404		 2020
£
307,138
681,827
189,294		 486,424
179,287
195,694
71,443
40,000
307,138
307,138

Approved by the Board on 28/01/2022

Paul Hyman Trustee

9

THE LONDON SPORTS TRUST

( A Company Limited by Guarantee )

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1. ACCOUNTING POLICY

Basis of Preparation

The financial statements of the charity have been prepared in accordance with the Statements of Recommended Practice applicable to charitie preparing their accounts in accordance with the Finanacial Reporting Standard applicable in the Uk and Republic of Ireland (FRS102- effective 1 January 2015)- (Charities SROP FRS 102) and the Companies Act 2006.

The Charities company mmet the defination of public benefits entity under FRS 102. Assets and liabilities are initially recognised at historical costs or transaction value unless otherwise stated in the relevant accounting policy or note

Fund Accounting

Grants and other income are accounted for on a receivable basis. Income streams will be identified as either Restricted or Unrestricted and reported in the Financial Statement appropriately.

Restricted funds are monies raised for and their use restricted to a specific purpose or Grants subject to donor.

Unrestricted funds compromise those monies which may be used towards meeting the charitable objectives of the Charity at the discretion of the Trustee.

Taxation

London Sports Trust is registered Charity and not subject to income or corporate Tax on its Income or Activities provided that the resources are expended on the defined charitable activities.

10

THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST
NOTES TO THE FINANCIAL STATEME NTS FOR THE YEAR ENDED 31 MARCH 2021
City Sports Academies Active Community Skills For Life **London Youth Games ** Operation & Development Safe Camp Water Sport 2021 2020 Notes
Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Schools & Nurseries
Total funds		 Total funds
INCOMING RESOURCES
Restricted income
John Lyon's Charity 30,000 5,800 35,800 24,062
Corporative Fund 30,300 30,300
London Borough of Hammersmith & F u
55,000		 4,900 20000 79,900 71,740 Acual income
Family Action 19,110 19,110 9000 Deferred income 10,110
Grenfell Fund 2,658 2,658 12,000 Deferred income 9,342
-
Furlough GrantJRS 38,037 5193 15,120 58,351
BBC CIN 9,650 9,650
Royal Borough of Kensington & Chelse a
33,331		 48,750 45,500 127,581 18,622 22000 Deferred income 105,581
Kensington & Chelsea Foundation 9,900 9,900 9,900
Sport England 1,200 1,200 -
London Borough of Westminster 13,830 16185 30,015 11,070
Big Lottery Fund - 9,500
Peabody Trust - -
Play 2 Play & LBH Play - -
Hammersmith United Charity 5,000 5,000
Capital & Counties 8,525 8,525 43,655
MOPAC 54000 54,000 18,020
Peabody Trust - 4,000
Active Londoners - 6,567 6,567 26,267
Ground work - 1,000
DR Edward and Bishop's King 7,420 7,420 6,250
Award for Allgrant - -
Shepherd's Bush Housing Group - -
Phoenix - -
The London Community 12,522 12,522 25,270
Wandsworth Borough - 2,125
Apprenticeship - -
William Wates - 32,990
London Sport 1,919 1,919 5,000
Daisy Trust - -
Peter Harrison Foundation - -
Futures Academies 13,688 8,180 21,868
WWMT - -
Street Games 32,355 32,355 5,771
-
Total restricted income 183,690 51,724 85,597 20,000 36,278 - 48,750 15,120 59,800 45,500 8,180 554,640 315,241
Unrestricted income
Donation - 8,947
Bank interest received - 1,855
Fees income 1813.5 6,188 1,020 400 9,422 6,072
Community Programm - 7,465
School & Nurseries 6,401 8,533 14,934 21,036
Refund 1,622 1,622 1,049
Service Fees 1,784 1,796 999 4,579 4,268
Street Games -
Youth Club 47,929 47,929 69,183
Capital & Counties 9240 9,240 -
Total Unrestricted - 68,789 - 1,796 - 7,187 - - 1,020 400 8,533 87,726 119,873
TOTAL FUNDS 183,690 120,513 85,597 21,796 36,278 7,187 48,750 15,120 60,820 45,900 16,713 642,365 435,114

11

THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST THE LONDON SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 2021 2021
2021
otal Unrestricte
TOTAL
Expenditure
EXPENDITURE
1,584
183,288
-
13,047
-
3,929
-
-
-
-
-
-
-
-
-
-
-
478
-
-
-
2,034
-
-
-
-
-
219
-
-
-
-
-
-
125
125
-
612
-
236
2
2
-
-
-
-
-
2,977
-
7,465
-
-
5,505
98,925
39,998
139,146
-
986
-
3,500
-
-		 2020
City Sport & Academies Active Community Skills for Life London Youth Games e ration & Developm SAFE Camp Water Sport Schools & Nurseries Total RestrictedT Total
Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted Expenditure Expenditure
RESOURCES EXPENDED
Staff Costs 106,345 1,584 6,875 42,616 6,512 - 3,741 15,615 181,704 163,288 183,410.71 122.71 111874.7 71,535.97
NI Employer 5,751 7,296 13,047 11,748 13,046.54 0.46
-		 47999.47 34,952.93
-
Pension contibutions 1,965 1,965 3,929 3,558 3,928.60 0.40
-		 9137.33 5,208.73
-
Freelances and temporary workers - -
Employer Pension contributions - 200,385.85
Rent & business rate - -
Light & Heat - 169011.5 31,374.31
Subscriptions -
Insurance 478 478 1,631
Repair & Renewal -
Publicity , website & Advertising 1,434 391 209 2,034 473
Training -
Events/Seminars/Venue Hire -
Travel & subsistence charge 219 219 60
Printing ,postage and stationery - -
School & Nurseries - -
Computers expense & Sotware - -
Meals & Entertainment 125 -
Telephone 585 27 612 788
Office supplies 37 200 236 293
Bank and credit charges 2 - 14
Audit & Accountancy - 1,410
Legal & Professional charges -
Courses & workshop 406 - 890 1,680 2,977 4,278
Equipment rental & small tools 1,476 352 66 5,571 7,465 2,173
Other office costs -
Activities & Delivery costs 34,957 5,505 5,445 22,734 15,961 2,854 7,820 3,650 93,420 101,836
Project and Program Costs 42,268 39,786 15,858 212 2551 12658 10702 15,111 99,148 90,383
Volunteer expenses 346 16 421 203 986 1,550
Fundraising Expenses 2,500 1,000 3,500 4,362
-
TOTAL EXPENDITURE
198,068
47,002
30,564
212
68,268
-
35,646
1,391
18,188
47,106
3,650
409,754
47,215
456,968		 387,845
456,968
456,968
-
185,397

12

THE LONDON SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

4 Trustees

No payment were made to trustees during the year

5 Employees

Number of employees

The average monthly number of employees during the year was:

Project director
Project worker
Employment costs
Wages and salaries
Pensions
Social security costs		 2021
2020
Number
Number
1
1
6
4
7
5
2021
2020
£
£
183,411
163,288
3,929
3,558
13,047
11,748
200,386
178,593

There were no employees whose annual remuneration was £60,000 or more

6
Debtors
Other debtors
Phoenix Academy
LBHF- Fund receivable
Prepayment and accrued income
7
Creditors
Wages ,Taxes and social security costs
Pensions
Accruals
Deferred income
London Borough of Westminster
Royal Brough of Kesington & Chelsea
London Borough of Hammersnith & Fulham
Peabody Trust
Grenfel Fund
MOPAC
Family Action
Wandswoth Borough
Counties & Capital
John Lyon's Charity Fund
Phoenix Academy
Future Academies
Other fees income		 2021
2020
£
£
-
-
7,020
-
-
7,020
2021
2020
£
£
20,093
15,535
788
24,951
1,410
45,832
16,945
-
22,000
-
870
8,750
-
12,000
75,580
129,580
9,000
-
2,125
2,125
-
20,062
20,062
-
1,825
1,825
143,462
162,342

13

THE LONDON SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
8 Restricted funds
The income funds of the charityinclude restricted funds comprisingthe followingunexpended balances of
donations andgrants held on the trust for specificpurposes :
At 1.04.20 Incoming
resources		 Outgoing
resources		 Transfer At
31.03.2021
Restricted funds:
CitySports Academies 163,707 191,478 198,068 (50,000) 107,116
Active Communies 26,296 55,297 30,564 - 51,029
Skills for Life 5,691 49,825 68,268 - (12,752)
SAFE Camp 59,800 18,188 - 41,612
Operation & Development 15,120 1,391 - 13,730
London Youth Games 48,750 35,646 - 13,104
Water Sports 45,500 47,106 - (1,606)
Operative & Transition 30,300 1,391 - 28,909
Schools & Nurseries - 8,180 3649.5 - 4,531
Total restricted funds 195,694 504,250 404,270 (50,000) 245,674
Unrestricted funds:
CitySports Academies 93,985 47,002 46,983
Active Communies 21,700 212 21,488
Skills for Life 298 6,288 16 6,571
Schools & Nurseries 3,593 8,533 12,126
SAFE Camp 1,020 1,020
Operation & Development -
London Youth Games -
Water Sports 400 400
General funds 67,552 6,188 5,469 68,271
Designated Fund 40,000 50000 90,000
-
Total unrestricted funds 111,443 138,115 52,699 - 246,859
Total funds 307,138 642,365 456,969 - 492,534

14

THE LONDON SPORTS TRUST

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

INCOMING RESOURCES
Restricted income
John Lyon's Charity
Kensington & Chelsea Foundation
London Borough of Hammersmith & Fulham
Royal Borough of Kensington & Chelsea
Corpoeratvie Fund
Capital & Counties
Grenfill Fund
Future Academies
BBC
Family Action
Furlough grant
Hammersmith United Charity (HUC)
Sport England
London Borough of Westminster
Big Lottery Fund
Active Londoners
Ground Work
London Community
Youth Club
DR Edward and Bishop's King
Peabody Trust
MOPAC
William Wates
London Sport
Wandsworth Borough
Street Games
Total restricted income
Unrestricted income
Donation
Refund
Bank interest received
Fees income
School & Nurseries
Total Unrestricted
Total income
RESOURCES EXPENDED
Staff Costs
NI Employer
Pension contibutions
Training & Courses
Volunteer expenses
Rent & business rate
Office expenses
Insurance
Bank and credit charges
Publicity, Website & Advertising
Travel & subsistence charge
Printing ,postage and stationery
Computers expense & Sotware
Telephone
Audit & Accountancy
Fundraising Expenses
Activities & Delivery costs
Surplus/ (Deficit) carried forward
Plus last year Reserve
Carry forward reserve		 2021
2020
£
35,800
24062
9,900
9900
79,900
71740
127,581
18622
30,300
17,765
43655
2,658
21,868
9,650
19,110
58,351
5,000
1,200
30,015
11070
-
9500
6,567
26267
1000
12,522
25370
47,929
69183
7,420
6250
4000
54,000
18020
32990
1,919
5000
-
2125
32,355
5600
611,809
384,354
-
10774
1,622
-
28
14,001
19024
14,934
21036
30,557
50,861
642,365
435,214
642,365
183,411
163,288
13,047
11,748
3,929
3,558
2,977
4,595
986
1,550
-
236
478
1,631
2
14
2,034
473
219
60
338
293
7,465
2,262
612
382
-
1,410
3,500
4,362
237,736
192,219
456,968
387,845
185,397
47,369
307,138
-
492,534
47,369

15