## **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: - to keep accounting records in accordance with section 130 of the Charity Act 2006; and - to prepare accounts which accord with the accounting records and to comply with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (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