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2022-03-31-accounts

THE LONDON SPORT TRUST

TRUSTEES REPORT AND DIRECTORS REPORT FOR THE YEAR ENDED MARCH 2022 ACCOUNTS

Structure, Governance and Management

The Trust-is an unincorporated trust, constituted under a trust deed dated 12[th] June 1998 and is registered charity, number 1077617. The trust was established by an initial grant from the John Lyon's Charity to provide support for financially disadvantaged children and young people with sporting talent. The Trust has continued to receive funding from local authorities in which the Trust operates. The Trust has recently secured funding to develop its new programmes City Sports Academies, Skills for Life and Active Communities.

The trustees are appointed by a Board of Trustees and serve for a 5 year period after which they can be reappointed. The Trust Deed provides for a minimum of 3 trustees. At the quarterly trustee's meeting, the trustees review the progress in the agreed trust objective areas through a Directors report, as well as the financial status of the trust, reserves and risk management, policies and performance. The day to day running of the trust, monitoring of grants, assessment of applications and finance monitoring is undertaken by the Director.

The Trust reviews the skills of the board of trustees on a regular basis. New trustees are often sought to fulfil the strategic or governance of the London Sport Trust. All proposed trustees must understand and commit to the aims and objectives of the Trust. After an initial proposal to the board of trustees, the proposed trustee will be invited to a meeting with the Chair and secretary. The final decision will be made at a board of trustee to nominate a new trustee.

Risk Management

The London Sports Trust trustees have reviewed the risks at which the charity is exposed to and have worked alongside the Director to implement strategies and actions to minimise these risks. A fundraising strategy to secure running costs for the charity is in place.

Objectives and activities

"To advance the education and training of young people residing in all London Boroughs who are in full time educational/vocational training and are between the ages of 12-25 and in financial need to enable them to pursue a career in sport or recreation or such other career."

The aims of the London Sports Trust are:

2

Achievements and Performance

School Games

Over the last year we have started to be involved with the RBKC School Games working with Ashburnham School and Youth Sports Trust top coordinate and deliver sporting activities for primary schools and Year 7 secondary schools. This was the first year of delivery following COVID and it proved to be an extremely busy and successful year. LST will continue to be involved with the School Games next year.

City Sports Academies

This past year has been one of the most challenging for Londoners especially our deprived communities due to COVID-19. City Sports Academies is our inspirational sports programme for children and young people (CYP) and their families on the most deprived housing estates in the tri-boroughs of Hammersmith & Fulham, RBKC and Westminster aged between 8 –16 years old or up to 25 years (SEN or learning disability). We combine sport and life skills to hook CYP into positive behaviour and fulfil their potential in sport, education and life. The programme introduces children and young people to sports and health activities with pathways linked to existing and new clubs for talented individuals.

In Westminster we deliver session for gifted and talented primary school students, as well as talent identification session in secondary schools. Our community sessions in RBKC and LBHF are focused on the housing estates and community centres to bring sport to the young people aged between 14-25 years old. The individuals' beneficiating from these sport sessions will then be encouraged to participate in the life skills programme to improve future employment opportunities.

Skills for Life

The Skills for Life programme gives disadvantaged children and young people an opportunity to achieve their goals in sport, education and life improving life chances. The programme teaches them a number of essential life skills, so they are able to live independently in the future. This programme develops life skills in communication, finance, cooking, DIY, as well as customer services skills, Leadership and accredited coaching qualifications. Our young people have the opportunity to volunteer and gain work experience with our social enterprise, in the community and with local businesses.

The main aim of the project is to focus on youth unemployment and provide young adults with skills and confidence to adequately cope with independent living and future life as a student or employee. Sorted is designed to prepare young adults about to live on their own for the first time, either prior to further education or employment. The Sorted modules equip them with essential life skills necessary to lead responsible, independent and healthy lives. The programme will cultivate responsible young adults with increased

3

employment opportunities. Our graduates will volunteer at a chosen local community organisation. Links with local and regional businesses will give our beneficiaries volunteer and work experience with the aim of securing long term employment.

Watersports

The Trust has been managing an delivering the watersports programme to two new sites in Kensington & Chelsea, Canalside Activity Centre and Cremorne. This started in August 2020 during the middle of the COVID-19 lockdown. However we tried to keep the sites open for key worker and vulnerable children and young people.

London Youth Games

From September 2020 LST started coordinating the London Youth Games for Kensington & Chelsea. Due to the COVID-19 lockdown this mainly consisted of online challenges and delivering equipment to vulnerable families in deprived areas. Now lockdown has finished we have coordinated numerous events and teams for in person LYG events.

Active Communities

Active Communities is our family programme engaging young parents to learn and play with their children. Our pilot programme has been a great success training up parents and increasing family cohesion. London Sports Trust are working in partnership with Hammersmith and Fulham council to deliver regular sport sessions within the borough using Sport England’s Community Sport Activation Fund. This is a programme in which we aim to engage with adults and families through inclusive sports programmes. Since 2013, over 500 people have attended free or low-cost physical activity classes as part of Active Communities. With a programme of women’s only, adults’ classes and family sessions there is something for everything.

Watersports

The Trust has been managing and delivering the watersports programme to two new sites in Kensington & Chelsea, Canalside Activity Centre and Cremorne. This started in August 2020 during the middle of the COVID-19 lockdown. However we continued to keep the sites open for key worker and vulnerable children and youngpeople.

London Youth Games

From September 2020 LST started coordinating the London Youth Games for Kensington & Chelsea. Due to the COVID-19 lockdown this mainly consisted of online challenges and delivering equipment to vulnerable families in deprived areas. Now lockdown has finished we have coordinated numerous events and teams for in person LYG events.

Place2Play

Place2Play is our inclusive family ‘pop up sports’ programme which is now specifically focused on Hammersmith & Fulham helping the poorest areas like White City & Wormholt. The content of the Place2Play session includes fun games that emphasises developing children’s agility, balance and co-ordination skills in children aged 2-11. Meanwhile parents are also encouraged to join in and learn about the benefits of recreational family sports and thus improve play in their spare time.

4

Time Out Together

This project made it easier for parents/carers of disabled children to become active, talk with their peers, destress and improve their wellbeing – there is currently nothing of this nature available for this group. The programme continues in a slightly different format with regular weekly sessions with the addition of some fantastic family trips to Hamleys, Apple Store and the Natural History Museum. This includes closed sessions with each of the four local SEN schools, located within 2-miles of each school, and two additional open sessions. Sessions will incorporate a phased introduction to fun physical activities and a social and/or wellbeing element to take place before or after.

Think Active

Think Active is a sports programme for mental health delivered in partnership with MIND. Our aim is to provide opportunities for people to enjoy physical activity while speaking openly about mental health and learning how being active can make a difference to our wellbeing. Our aim for Think Active is to focus on children & young people to break down the stigma of mental health while enjoying sport & physical activity. It will also allow young people to learn about the work of MIND and other local mental health charities.

The project is aimed any young person aged 11 - 18 living within disadvantaged communities in London. Young people can self-refer onto Think Active, but we will also ask youth clubs to recommend the programme to young people who they feel will benefit.

Financial review

The Trust receives the majority of its current funding from a variety of sources including Lottery, local authority and charitable foundation as well as our social enterprise schools programme. A proportion of this is allocated for governance and administration. Funds for the coaching programmes and running costs have been secured from the corporate sponsors and local authorities. In the year under review there was a surplus on unrestricted funds of £156,839 and £90,000 for designated funds. Restricted funds at the year-end totalled £245,674

Reserves Policy

The trustees aim to maintain free reserves in unrestricted funds which equates to approximately 3 months of charitable expenditure. Budgeted expenditure for 2021/2022 totals £559,678, the required level of reserves is therefore £139919. The current level of free reserves covers this target.

Plans for the Future

The Trust will continue our revised Game plan for 2021-2024 incorporating City Sports Academies (sport) and Skills for Life (training and life skills) and Think Active (Improving physical & mental health of families). In addition, we will drive forward the Watersports, Think Active & Active Communities programme across LBHF, RBKC and Westminster and surroundings boroughs. These will be the main objectives for the Trust over the next 2 years.

EcoSport

London Sports Trust wants to use the power of sport to educate and support children and families to improve the environment and their carbon footprint. We have already started with a number of projects on the River

5

Thames called Paddle & Pick to clear rubbish from the Thames. Our plan for the coming year is to work with football and sports clubs to help them and their fans to reduce their carbon footprint.

Statement of Trustees' Responsibilities

Legislation requires the trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure for the financial year. In preparing those financial statements, the trustees follow best practice and aim to:

Select suitable accounting policies and apply them consistently Make judgments and estimates that are reasonable and prudent; and Prepare financial statements on the going concern basis unless it is inappropriate to assume the charity will continue on that basis.

The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. The trustees are also responsible for safeguarding the assets of the charity and hence for taking responsible steps for the prevention and detection of fraud and other irregularities.

Public Benefit Statement

The trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 to have due regard to the Charity Commission's general guidance on public benefit, "Charities and Public Benefit".

London Sports Trust's charitable purpose is to support disadvantaged children and young people to support their sporting and educational goals.

Approved by the trustees on 11/11/2022 and signed on their behalf by:

Paul Hyman

Chair

11/11/2022

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Charity Registeration No. 1077167

THE LONDON SPORTS TRUST

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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 2022, 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:

(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

`

17/11/2022

7

THE LONDON SPORTS TRUST

STATEMENT OF FINANACIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

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 2021
Fund balances at 31 March 2022		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
2022
2022
2022
2022
£
£
£
216,278
518,816
735,094
216,278
518,816
735,094
93,422
565,663
659,085
93,422
565,663
659,085
122,856
-(46847)
76,009
156,859
90,000
245,674
492,533
279,715
90,000
198,827
568,541		 Total
2021
£
642,365
642,365
456,968
456,968
185,397
492,534
492,534

8

THE LONDON SPORTS TRUST

BALANCE SHEET

AS AT 31 MARCH 2022

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
General fund
Designated funds
Total Funds		 £
40,000
677,925		 2022
£
568,541
568,541
305,781
167,698
5,062
90,000
568,541		 2021
£
£
-
681,827
681,827
189294
492,533
492,534
245674
156,859
90,000
492,534		 2021
£
£
-
681,827
681,827
189294
492,533
492,534
245674
156,859
90,000
492,534
717,925
149,385
492,534

Approved by the Board on 15/11/2022

Paul Hyman Trustee

9

THE LONDON SPORTS TRUST

( A Company Limited by Guarantee )

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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.

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**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 FINANCIALSTATEMENTS FO R THE YEAR ENDED31 MARCH 2022
City Sports Academies Active Community Coopertive Skills For Life London Youth Games Operation & Development Safe Camp Water Sport Schools & Nurseries 2022 2021
Restricted Unrestricted Restricted Unrestricted Transitition Restricted Unrestricted RBKC Total funds Total funds
INCOMING RESOURCES
Restricted income
John Lyon's Charity 4,000 4,000 35,800
Corporative Fund 16,300 16,300 30,300
London Borough of Hammersmith & Fulham 80,572 35,500 116,072 79,900
Family Action 9,000 28107 37,107 19,110
Grenfell Fund - 2,658
Furlough Grant JRS - 58,351
BBC CIN 9,650 9,650 9,650
Royal Borough of Kensington & Chelsea 32,430 4600 64,999 91,500 193,529 127,581
Kensington & Chelsea Foundation - 9,900
Sport England - 1,200
London Borough of Westminster 17,070 3036 3,944 24,050 30,015
Big Lottery Fund -
Other Primary Income 4,610 4,610 -
PLA( Port London Authroity ) 4400 4,400 -
Hammersmith United Charity - 5,000
Capital & Counties 20,175 900 21,075 8,525
MOPAC 30,580 30,580 54,000
Discount /Refund Given 6,640 6,640
Active Londoners - 6,567
Ground work -
DR Edward and Bishop's King - 7,420
Award for All grant - -
Shepherd's Bush Housing Group - -
Phoenix - -
The London Community 13,500 14,658 28,158 12,522
Wandsworth Borough -
Apprenticeship - -
William Wates -
London Sport 8,600 8,600 1,919
Daisy Trust - -
Peter Harrison Foundation - -
Futures Academies 11920 535 12,455 21,868
WWMT - -
Street Games 1,590 1,590 32,355
-
Total restricted income 225,437 30,369 39,444 - 16,300 28,107 - 64,999 - 13,650 95,900 4,610 518,816 554,640
Unrestricted income
Donation 150 7,588 1,760 9,348 -
Bank interest received 13,025 13,025 -
Fees income 11751 1,705 100 1,225 1,500 4,530 9,422
Community Programm 11,500 11,500 -
School & Nurseries 1,155 22,069 12,500 11,516 46,085 14,934
Other Primary income 1,331 200 4,824 22,000 27,024
Refund 585 - 8 8 1,622
Service Fees 17,319 12,969 1,275 1,257 9,585 42,405 4,579
Street Games 1750 1,750
Youth Club 24,162 21,470 21,470 47,929
Capital & Counties - 9,240
Total Unrestricted 39,134 81,850 - 12,600 - 12,969 19,132 - - 1,257 24,975 24,361 216,278 87,724
TOTAL FUNDS 264,571 112,219 39,444 12,600 16,300 41,076 19,132 64,999 - 14,907 120,875 28,971 735,094 642,364

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**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 FINANCIALSTAT EMENTS FOR THE YEAR ENDED31 MARCH 2022 2022 2022 2022 2021
City Sport & Academies Active Community Skills for Life London Youth Games Family Action SAFECamp Water Sport Schools & Nurseries Total RestrictedT otal Unrestricte TOTAL **Total **
Restricted Unrestricted Restricted Unrestricted Restricted Unrestricted RBKC Expenditure Expenditure EXPENDITURE Expenditure
RESOURCES EXPENDED
Staff gross Costs 54,749 4,183 26,154 1,749 25,417 25,973 20,729 33,546 186,567 5,932 192,498 183,288
NI Employer 7,166 4,123 1,861 2,919 2,091 18,161 - 18,161 13,047
Pension contibutions 795 1,080 900 720 3,495 - 3,495 3,929
Freelances and temporary worke rs - - -
Employer Pension contributions - - -
Rent & business rate - - - -
Light & Heat - - -
Subscriptions - - -
Insurance 290 1,407 290 1,407 1,697 478
Repair & Renewal - - -
Publicity , website & Advertising 2,447 394 1,686 4,133 394 4,526 2,034
Training 456 456 - 456
Events/Seminars/Venue Hire - - -
Travel & subsistence charge 258 180 435 360 500 1,734 - 1,734 219
Printing ,postage and stationery - - - -
School & Nurseries 8,080 - 8,080 8,080 -
Computers expense & Sotware - - - -
Meals & Entertainment 15 35 220 38 124 48 76 520 35 554 125
Telephone 713 713 - 713 612
Office supplies 77 34 167 1,765 30 2,039 34 2,073 236
Bank and credit charges - - - 2
Audit & Accountancy - - -
Legal & Professional charges - - -
Courses & workshop 500 950 200 2,614 3,114 1,150 4,264 2,977
Equipment rental & small tools 668 685 200 1,529 261 2,658 685 3,344 7,465
Other office costs 68,080 15,318 - 33,342 101,422 15,318 116,740
Activities & Delivery costs 12,332 5,534 11,576 13,090 6,081 2,115 36,155 11,660 93,009 5,534 98,543 98,925
Project and Program Costs 57,990 47,371 34,506 3,831 10,556 250 23,872 5,994 7,712 1,278 141,908 51,453 193,360 139,146
Volunteer expenses 1,141 2,400 267 356 664 938 983 4,350 2,400 6,750 986
Fundraising Expenses 1,096 1,000 1,096 1,000 2,096 3,500
- - -
TOTAL EXPENDITURE 195,984 81,858 73,859 11,114 53,145 450 67,592 38,388 11,248 112,433 13,014 565,663 93,422 659,085 456,968

12

THE LONDON SPORTS TRUST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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:

2022 2021
Number Number
Project director 1 1
Project worker 6 6
7 7
Employment costs 2022 2021
£ £
Wages and salaries 192,498 183,411
Pensions 3,495 3,929
Social security costs 18,161 13,047
214,154 200,386
There were no employees whose annual remuneration was £60,000 or more
6 Debtors 2022 2021
£ £
Other debtors -
Phoenix Academy -
LBHF- Fund receivable -
Prepayment and accrued income 40,000
40,000 -
7 Creditors 2022 2021
£ £
Wages ,Taxes and social security costs 21,662 20,093
Pensions 405 788
Trade creditors 1,350
Accruals 43,308 24,951
66,725 45,832
Deferred income
London Borough of Westminster -
Royal Brough of Kesington & Chelsea 1,875 22,000
London Borough of Hammersnith & Fulham 15,000 870
Peabody Trust -
Grenfel Fund 12,000
MOPAC 45,000 75,580
Family Action 20,785 9,000
Wandswoth Borough 2,125
Counties & Capital -
John Lyon's Charity Fund 20,062
Phoenix Academy
Future Academies -
Other fees income 1,825
82,660 143,462

13

THE LONDON SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8 Restricted funds
The income funds of the charityinclude restricted funds comprisingthe followingunexpended balances of
donations andgrants held on the trust for specificpurposes :
At 1.04.21 Incoming
resources		 Outgoing
resources		 Transfer At
31.03.2022
Restricted funds:
City Sports Academies 107,116 264,571 195,984 175,704
ActiveCommunies 51,029 39,444 73,859 16,614
Skills for Life 12,752
-		 41,076 91,533 -(63209) -
SAFECamp 41,612 13,650 11,248 44,014
Operation&Development 13,730 13,730
London YouthGames 13,104 64,999 67,592 10,511
WaterSports 1,606
-		 95,900 112,433 -(18139) -
Operative&Transition 28,909 16,300 - 45,209
Schools&Nurseries 4,531 4,610 13,014 -(3873) -
Total restricted funds 245,673 540,550 565,663 85,221
-		 305,781
Unrestricted funds:
City Sports Academies 46,983 112,219 81,858 77,344
ActiveCommunies 21,488 12,600 11,114 22,974
Skills for Life 6,571 19,132 450 25,253
Schools&Nurseries 12,126 24,361 3,873 32,614
SAFECamp 1,020 1,257 2,277
Operation&Development -
London YouthGames -
WaterSports 400 24,975 18,139 7,236
General funds 68,271 (63209) 5,062
Designated Fund 90,000 90,000
-
Total unrestricted funds 246,859 194,544 93,422 85,221 262,760
Total funds 492,532 735,094 659,085 - 568,541
THE LONDON SPORTS TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
8 Restricted funds
The income funds of the charityinclude restricted funds comprisingthe followingunexpended balances of
donations andgrants held on the trust for specificpurposes :
At 1.04.21 Incoming
resources		 Outgoing
resources		 Transfer At
31.03.2022
Restricted funds:
City Sports Academies 107,116 264,571 195,984 175,704
ActiveCommunies 51,029 39,444 73,859 16,614
Skills for Life 12,752
-		 41,076 91,533 -(63209) -
SAFECamp 41,612 13,650 11,248 44,014
Operation&Development 13,730 13,730
London YouthGames 13,104 64,999 67,592 10,511
WaterSports 1,606
-		 95,900 112,433 -(18139) -
Operative&Transition 28,909 16,300 - 45,209
Schools&Nurseries 4,531 4,610 13,014 -(3873) -
Total restricted funds 245,673 540,550 565,663 85,221
-		 305,781
Unrestricted funds:
City Sports Academies 46,983 112,219 81,858 77,344
ActiveCommunies 21,488 12,600 11,114 22,974
Skills for Life 6,571 19,132 450 25,253
Schools&Nurseries 12,126 24,361 3,873 32,614
SAFECamp 1,020 1,257 2,277
Operation&Development -
London YouthGames -
WaterSports 400 24,975 18,139 7,236
General funds 68,271 (63209) 5,062
Designated Fund 90,000 90,000
-
Total unrestricted funds 246,859 194,544 93,422 85,221 262,760
Total funds 492,532 735,094 659,085 - 568,541

14

THE LONDON SPORTS TRUST

DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2022

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
Other Primary Income
Active Londoners
Discount /Refund Given
London Community
Youth Club
DR Edward and Bishop's King
PLA - Port London Authrority
MOPAC
William Wates
London Sport
Wandsworth Borough
Street Games
Total restricted income
Unrestricted income
Donation
Community Programmes
Service fees
Refund
Bank interest received
Youth Club
Fees income
School & Nurseries
Total Unrestricted
Total income
RESOURCES EXPENDED
Staff Gross salaries Costs
NI Employer
Pension contibutions
Training & Courses
Volunteer expenses
Rent & business rate
Meals & Entertainment
Office expenses
Equipment rental & small tools
Insurance
Bank and credit charges
Publicity, Website & Advertising
Travel & subsistence charge
Printing ,postage and stationery
Computers expense & Sotware
Telephone
Schools & Nurseries
Project Costs
Volunteer expenses
Audit & Accountancy
Fundraising Expenses
Activities & Delivery and Project costs
Surplus/ (Deficit) carried forward
Plus last year Reserve
Carry forward reserve		 2022
2021
£
4,000
35,800
28,158
9,900
116,072
79,900
193,529
127,581
16,300
30,300
21,075
17,765
2,658
12,455
21,868
9,650
9,650
37,107
19,110
58,351
5,000
-
1,200
24,050
30,015
32,965
6,567
6,640
12,522
47,929
7,420
4,400
30,580
54,000
8,600
1,919
1,590
32,355
547,171
611,809
9,498
11,500
44,155
593
1622
45,632
29,306
14001
47,240
14934
187,923
30,557
735,094
642,365
192,498
183,411
18,161
13,047
3,495
3,929
4,264
2,977
6,681
986
627
2529
236
3344
1,697
478
2
4,739
2,034
1,734
219
338
7,465
713
612
8,080
231,078
-
1,350
2,096
3,500
176,001
237,736
659,085
456,968
76,009
185,397
492,534
-
568,543
185,397

15

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 2022, 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

17/11/2022