Charity Registeration No. 1077167 THE LONDON SPORTS TRUST FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 CONDONe LONDON SPORTS TRUST
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 10-16
THE LONDON SPORTS TRUST LEGAL AND ADMINISTRATIVE INFORMATION REGISTERED CHARITY NUMBER 1077167 MANAGEMENT COMMITTEE REGISTERED OFFICE Rod Jack Richard Bellars Sally Kettle Michael Defoe Sonia Mkoloma Appointment on 1st May 2023 Phoenix High School, The Curve, Shepherds Bus ondon, W12 OR INDEPENDENT EXAMINERS BANKERS Anwar Jorgis AFA, FAIA,CIPP 3 Cressage Close Southall UB1 2XP The Co- Operatvie Bank Po box 250 Delf House Southway Skelmersdale WN8 6WT
THE LONDON SPORT TRUST TRUSTEES REPORT AND DIRECTORS REPORT FOR THE YEAR ENDED MARCH 2025 ACCOUNTS Structure, Governance and Management The Trust-is an unincorporated trust, constituted under a trust deed dated 12* June 1998 and is registered charity, ımber 1077617. The trust was established by an initial grant from the John Lyon's Charity to provide support f lancially disadvantaged children and young people with sporting talent. The Trust has continued to recei tunding 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 re- appointed. 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 the 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 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: • To inspire change in young Londoners by educating and cultivating change through the power of sport. • To provide support and guidance for young people in financial need to achieve their sporting and educational goals. • To promote and develop sporting talent. • To promote young athletes personal and social development. 2
• To provide financial assistance to enable young people to maximise their sporting potential and educational qualifications. • To develop and establish a network support group for the young people • To develop a co-ordinated coach education programme • To operate a study support programme for children and young people to support the development of coaches in the community. 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 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 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. SEND focus LST have started a 3 year partnership with Kensington Queensmill Academy which specialises in support of autistic children and young people. This includes coordinating and delivery of programmes at the school and at a number of other sites across RBKC and surrounding boroughs. The programme also encompasses LBHF and RBKC organisations supporting SEND children and young people. A specialist training programme for all LST staff and volunteers means that the CYP receive expert support. 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 3
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 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 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 tried to keep the sites open for key worker and vulnerable children and young people. The popularity of kayaking, canoeing and Stand Up Paddleboarding has grown so much and with our 3 sites our aim is give every child and young person a fun experience on the canal and river Thames. London Youth Games Now into our 5th year running the LYG teams for RBKC, we continue to offer CYP from youthclubs and all schools the opportunity compete in one of Londons mist prestigious youth competitions. From September 2020 LST started coordinating the London Youth Games for Kensington & Chelsea. We are now in our 4*h year and our team is working woth schools, youthclubs and sports clubs to give CYP an opportunity of competitive sport. As we as the 2nd smallest borough with few facilities our aim to for participation and opportunity. 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 4
in deprived areas. Now lockdown has finished we have coordinated numerous events and teams for in person LYG events. Place2Play Place 2Play 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. Active Minds Active Minds is the culmination of work on Time Out Together and other pilot projects for families and vulnerable adults. We continue this in LBHF with pop sessions in RBKC and Westminster. This project made it easier for parents/carers of disabled children to become active, talk with their peers, de- stress 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 £393,730. Reserves Policy The trustees aim to maintain free reserves in unrestricted funds which equates to approximately 3 months of charitable expenditure. Budgeted expenditure for 2025/2026 totals £621,192, the required level of reserves is therefore £155,298. The current level of free reserves covers this target. 5
Plans for the Future The Trust will continue our revised Game plan for 20215-2029 incorporating City Sports Academies (sport) and Skills for Life (training and life skills), SEND 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 EcoSport London Sports Trust is using 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 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 11/10/2025 and signed on their behalf by: Paul Hyman Chair 6
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 2025, 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 vear 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
THE LONDON SPORTS TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 Unrestricted Funds 2025 Designated Funds 2025 Restricted Funds 2025 Incoming resources Incoming Resources from charitable activities Grants receivable Incoming Resources from generated funds Donations and core grants Interest income otal Incoming resources availabl or charitable applicatio Notes 2 81,837 78,813 160,650 508,694 508,694 Resources Expended Charitable activities Governance costs Total Resources expended Net Incoming/(outgoing) resources before transfers Transfers between funds Fund balances at 1 April 2024 Fund balances at 31 March 2025 3 66,980 66,980 542,640 542,640 23,669 282,828 393,730 (33,946) 278,640 227,462 8 Total 2025 € 590,53l 78,813 669,344 609,620 609,620 59,724 - 621,192 Total 2024 571,220 24,617 595,836 792,988 792,988 197,152 561,468 561,468
THE LONDON SPORTS TRUST BALANCE SHEET AS AT 31 MARCH 2025 2025 FIXED ASSETS Tangible assests Current Assets Debtors Cash at bank and in hand Current liabilities Amount falling due within one year Net current assets Note 9 6 € 41,800 62,700 643,202 643,202 63,811 524,257 - 524,257 25.489 579,391 621,192 Total assets less current liabilities Funds Restricted Fund Unrestricted Fund General fund Designated funds Total Funds 8 227,462 393,730 : 621,192 27864( 282,82 : Approved by the Board on 05/11/2025 Paul Hyman Chair Paul Hyman Chair 2024 498,768 198,768 561.468
THE LONDON SPORTS TRUST ( A Company Limited by Guarantee ) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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. 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 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 City Sports Academies Restricted Unrestricted Active Community Restricted Unrestricted Queensmill Skills For Life Restricted Unrestricted London Youth Garnes Operation & Development Safe Camp Water Sport Restricted income John Lvon's Charity Corporative Fund London Borough of Hammersmith & Fulham [Family Action ILMP. BBC CIN Royal Borough of Kensington & Chelsea Kensington & Chelsea Foundation London Borough of Westminster Big Lottery Fund Other Primary Income PLA( Port London Authroity) Hammersmith United Charity Capital & Counties MOPAC Discount /Refund Given Active Londoners DR Edward and Bishop's King Award for All grant Shepherd's Bush Housing Group The London Community Wandsworth Borough 40,000 9,555 27,260 William Wates [London Sport Peter Harrison Foundation Street Games Total restricted income Unrestricted income Donation Runk interest received Fees income Community Programm School & Nurseries Other Primary income Refund Young K& C Corvire Fens Street Games Youth Club Capital & Counties Total Tarosteted 3,742 800 83,007 55,690 1,889 940 59,709 11,086 97,433 157,143 10,920 215 11,135 15,000 20,475 35,677 59,300 59,300 21,343 54,871 9,500 212 10,672 41,515 212 3.000 1,995 5.828 TOTAL FUNDS 11,047| 11,259 31,919 11,186 43,105 12,960 83,007 11.135 35,797 41,515 12,960 56,065 88,458 14,910 103.548 4,710 2,550 59,300 54,871 7,260 110,808 = 11,906 11,906 11,906 Schools & Nurseries 2025 2024 Total funds Total funds 4,179 530 4,709 2,218 27,629 1,983 31,830 36,539 99,300 78,165 21,343 11,906 31,919 170,589 21,636 3,742 4,910 15,000 1,650 31,917 508, 684 78,813 23241 28,014 25,466 112,889 42,687 32,844 174,151 480 1,650 3,750 1,248 4,802 3.185 441,640 15,500 7.893 41,275 2,447 29.221 13,110 6,153 8,500 160,660 669,344 669344.15| 20,810 154,197 595,836
LASERGES ENENMI ht & Hew Repair & Renewal P'ublicite , website & Advertising) ostage and stationery Nespre s Sotware tal & Professiomal charges ent rental & small tools Ariet and Prore cons OTAL EXPENDITERE city sSpdr1 & Acadeticted 24,779 4,747 Res SE or Maticted 16,597 THE LONDON SPORTS TRUST London Yakh Carnes Family Action SAFE Camp 32,202 Queens/rill Water Sport Designagted funderation & Develoor 15,120 4,341 ] 4,744 110| 1.536 1203 85,094 42,032 .= 5,869 42,465 59,374 208329| 3,650 38,319 81,540 77,367 50091.64 4,970| 68.154 17,484 55,621 ...... 184,135 12,909
THE LONDON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 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: 2025 Number 6 Project director Project worker 1 6 Employment costs Wages and salaries Pensions Social security costs There were no employees whose annual remuneration was £60,000 or more Debtors 2025 € 194,135 4,744 12,909 211,788 2025 € Other debtors Phoenix Academy LBHF- Fund receivable Prepayment and accrued income : 7 Creditors Wages, Taxes and social security costs Pensions Trade creditors Accruals Deferred income London Borough of Westminster Royal Brough of Kesington & Chelsea London Borough of Hammersnith & Fulham Corporative Fund Grenfel Fund MOPAC Family Action GVC- London Community Foundation Counties & Capital John Lyon's Charity Fund Phoenix Academy Future Academies Other fees income 2025 E 13,066 996 1,350 20,028 35,441 28,370 28,370 13 2024 Number 1 6 2024 230,026 5,422 14,606 250,054 2024 € - 2024 € 23,068 1,071 1,350 25,489 - :
THE LONDON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on the trust for specific purposes : At 1.04.2024 Incoming resources Outgoing resources Restricted funds: City Sports Academies Active Communies HS2 Skills for Life SAFE Camp Operation & Development London Youth Games Water Sports Ken Qeensmill Schools & Nurseries Total restricted funds Unrestricted funds: 112,488 83,468 28,675 25.191 27,251 1,566 278,540 103,007 11,135 11,906 41,515 53,105 11,259 54,871 103.548 59,300 449.646 149,455 38,319 11,906 37.824 57,367 17,484 81,540 68,154 45,000 507,049 Transfer At 31.03.2025 (6,225) (0) (6,226) 66,040 56,284 32,366 20,930 582 36,960 14,300 227,462 City Sports Academies Active Communies Queensmill Skills for Life Schools & Nurseries SAFE Camp Operation & Development London Youth Games Water Sports 27,056 26,656 12,814 38.187 65,459 Total unrestricted funds Total funds 282,828 561,468 137,143 35.797 • . 36.539 2.%60 7,260 219,698 669,344 34,374 7,242 4,970 55,621 6,226 102,572 - 609,620 6,226 123,599 55,211 7,844 37,823 46,377 53,883 47,003 4,300 17,691 393.730 621,192
THE LONDON SPORTS TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 9 Assets Straight line @ 20% Costs Tangable fixed Assets Electirc bus Boat Total At 1st April 2022 Addional Acc. Depreciation Charge for the yea Vet book valu At 31/03/2025 68,500 36,000 104,500 - - 27,400 13,700 27,400 14,400 7,200 14,400 41,800 20,900 41,800 15
THE LONDON SPORTS TRUST DETAILED INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 COMING RESOURC stricted inco John Lyon's Charity Kensington & Chelsea Foundation 2024 Future Academies PLA Family Action LMP Hammersmith United Charity (HUC) Sport England London Borough of Westminster Other Primary Income Active Londoners Discount /Refund Given London Community London Sport Wandsworth Borough Street Games Total restricted income Unrestricted income Donation Community Programmes Service fees Refund Bank interest received Superzone Youth Club Young K & C 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 Audit & Accountancy Fundraising Expenses Depreciation Activities & Delivery and Project costs 2,100 111,269 174.151 25,466 8.000 25,103 3,185 42,687 32,844 1,650 3,750 180 (1,248) 7,000 4,802 225 4514 2608 0 7759 669,344 595,836 Surplus/ (Deficit) carried forward 792,988 59,724 (197,152) 16