## **LONDON RANGERS FOOTBALL** 

## **Trusts’ Report and Financial Statement** 

**For the year ended 30th June 2024** 



## **LONDON RANGERS FOOTBALL** 

**Information Charity Number 1083452 Registered Office NEW LEVEL ACADEMY WYKE ACADEMY EALING W7 2AG Trustees                                             Terry Springer Migle Krasauskaite Michael Agyemang-Duah Jennifer Hutchinson Keith Lunn Accountants                                       Bloomsfaith & Co Accountants 99 Etham High Street Eltham London SE9 1TD Bankers                                              HSBC Bank plc** 



## **LONDON RANGERS FOOTBALL** 

**Contents Page Accountants’ Report                                                                              1 Trustee’ Report                                                                                   2-4 Income & Expenditure Statement                                                        5 Balance Sheet                                                                                          6 Notes to the Accounts                                                                        7-12** 



## **LONDON RANGERS FOOTBALL** 

## **Accountants’ Report on the Unaudited Accounts to LONDON RANGERS FOOTBALL** 

As described on page 4 you have approved the accounts for the year ended 30th June 2024, set out on pages 2 to 8. In accordance with your instructions we have compiled these unaudited accounts from the accounting records, information and explanations supplied to us. 

Bloomsfaith & Co Accountants 99 Etham High Street Eltham London SE9 1TD 8th April 2025 

1 



## **LONDON RANGERS FOOTBALL** 

The Trustees present their annual report together with financial statements of LONDON RANGERS FOOTBALL for the year ended 30[th] June 2024. The Trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provisions of the Statement of Recommended Practise (SORP) “Accounting and Reporting by Charities” issued in 2015. 

## **STRUCTURE, GOVERNANCE AND MANAGEMENT** 

## **a. CONSTITUTION** 

The charity is constituted under Trust deed dated 01 June 2000 and is a registered charity with number 1083452. 

## **b. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES** 

The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the trust deed. 

## **c. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF TRUSTEES** 

The induction process for any newly appointed member of the Trustees comprises an initial meeting with the Chair and other Trustees, followed by a series of short meetings with the Trustee in Charge on the powers and responsibilities of the Trustees. 

## **d. ORGANISATIONAL STRUCTURE AND DECISION MAKING** 

The charity is organized so that the Trustees meet regularly to manage its affairs. The day to day administration of the charity is managed by the Administrator. 

## **e. RELATED PARTY RELATIONSHIPS** 

LONDON RANGERS FOOTBALL operates throughout England and Wales under the name New Level Academy. 

## **f. RISK MANAGEMENT** 

The Trustees have assessed the major risks to which the charity is exposed, in particular those related to the operations and finances of the charity and are satisfied that systems and procedures are in place to mitigate our exposure to the major risks. 

2 



## **LONDON RANGERS FOOTBALL** 

## **Introduction** 

We are pleased to present the Annual Report of London Rangers Youth and Community for the year 2024. As trustees, we have continued to fulfil our duties and responsibilities in alignment with our charitable mission, ensuring our activities advance the Christian faith and support our community. This report highlights the key activities, achievements, and developments within the organization over the past year. 

## **Report Highlights** 

## **1. Activities:** 

- **Community Meal:** We continued to serve meals to members of the community in need. 

- **School Holiday Camp:** Our school holiday program provided structured activities for young people aged 6-14, running three times throughout the year for a total of eight weeks. 

- **Faith in Action:** We demonstrated Christian values through practical support and advocacy against injustice. 

- **Mentoring Program:** We provided weekly mentoring for young people attending New Level Academy. 

- **Support Accommodation:** Our housing program continued to provide accommodation for young people in need, with four individuals benefiting from the initiative. 

- **Men’s Football Team:** A new men’s football team was launched, playing matches on Saturdays, fostering community engagement and physical wellbeing. 

- **Job Centre Collaboration:** Although the Kick Start scheme ended, we strengthened our partnerships with Job Centres to support young people with employment opportunities. 

- **International Internship Program:** We successfully restarted our internship program, welcoming interns from the USA and Europe, along with virtual interns from India and Hong Kong. 

## **2. Achievements:** 

- Over 70 young people and 30 adults received mentorship and career guidance. 

- Stronger collaboration with Job Centres to provide career and training support. 

- Relaunch of our international internship program, increasing our global reach and impact. 

3 



## **3. Financial Summary:** 

The organization maintained financial stability, with increased funding opportunities being explored. While the conclusion of the Kick Start scheme impacted income, our strengthened Job Centre partnerships provided new avenues of support. The Trustees are actively seeking a dedicated grant writer to enhance funding efforts and ensure sustainability. Additionally, new internal reporting systems are being developed to improve financial management and compliance. 

## **4. Governance and Accountability:** 

In accordance with Section 132 of the Charities Act 2013, we continue to maintain proper accounting records and financial controls. Key measures implemented include: 

- Ensuring funds are correctly handled and bank accounts are properly managed. 

- Maintaining accurate financial records to support decision-making and transparency. 

- Delegating responsibilities to ensure effective oversight, proper checks, and segregation of duties. 

## **Conclusion** 

The income for the year dropped significantly due to moving premises twice between 2023 and 2024, but with a new premises secured, income has increased from 2024 onwards. 

We extend our sincere gratitude to all those who have contributed to the success of London Rangers Youth and Community this year. The dedication of our trustees, staff, volunteers, donors, and supporters has been invaluable in advancing our mission. Looking ahead, we remain committed to expanding our impact, strengthening community support, and continuing to serve those in need through faith-driven action. 

This report was approved by the Trustees on 8th April 2025 and signed on their behalf by: 

## **Terry Springer** 

## **-----------------------------------** 

4 



## **LONDON RANGERS FOOTBALL** 

## **Statement of Financial Activities** 

## **for the year ended 30th June 2024** 

||||**2024**|||**2023**||
|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**||**Unrestricted**|**Restricted**||
||**Note**|**Funds**|**Funds**|**Total**|**Funds**|**Funds**|**Total**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|INCOMING RESOURCES||||||||
|**Incoming Resources from**||||||||
|**generated funds:**||||||||
|Services Rendered|2|150,141||150,141|263,085||263,085|
|**Total Incoming Resources**||150,141||150,141|263,085||263,085|
|RESOURCES EXPENDED||||||||
|Charitable Activities|3|183,351||183,351|230,349||230,349|
|Governance Costs|3|4,571||4,571|13,054||13,054|
|**Total Resources Expended**||187,922||187,922|243,403||243,403|
|NET INCOMING/(OUTGOING)||-38,693||-38,693|19,682||19,682|
|RESOURCES BEFORE OTHER||||||||
|RECOGNISED GAINS/LOSSES||||||||
|FUND BALANCES 1 July||24,162||24,162|4,480||4,480|
|Other Reserves||||||||
|FUND BALANCES 31 June||**-14,531**||**-14,531**|**24,162**||**24,162**|



The accounting policies and notes on pages 7 to 13 do not form part of these accounts 

5 



## **LONDON RANGERS FOOTBALL** 

## **Balance sheet** 

## **as at 30th June 2024** 

||||**2024**|||**2023**||
|---|---|---|---|---|---|---|---|
||**Notes**|**£**||**£**|**£**||**£**|
|**Fixed assets**|**6**|||**5,556**|||**5,522**|
|Tangible Fixed Assets||||||||
|**Current assets**||||||||
|Cash at bank and in hand||71,541|||57,140|||
|Trade Debtors||19,597||||||
|**Current Liabilities**|**7**|||||||
|Trade creditors||38,385|||1,290|||
|PAYE & Social Security||25,169|||1,166|||
|Other creditors||17,766|||1,044|||
|**Net current assets**||||**9,818**|||**53,640**|
|**Total assets less current**||||||||
|**Liabilities**||||**15,374**|||**59,162**|
|**Longterm Liabilities**||||||||
|**Creditors due after**||||||||
|**more than one year**||29,905|||35,000|||
|**Net Assets**||||**-14,531**|||**24,162**|
|**Capital account**||||||||
|General Unrestricted Funds at 01stJuly||||||||
|Special Reserves||||||||
|Net Incoming Unrestricted Funds for the year||||**-14,531**|||**24,162**|
|Restricted Funds||||||||
|||||**-14,531**|||**24,162**|



The notes on pages 9 to 13 form part of these accounts 

## Approved by the trustees of the **LONDON RANGERS FOOTBALL this day** 8th April 2025. 

**Terry Springer Michael Agyemang-Duah** Cy **1. ACCOUNTING POLICIES** progr Wuchal Duak **Trustee Trustee** Dated: 8th April 2025 Dated: 8th April 2025 

6 



## **2. ACCOUNTING POLICIES** 

## **2.1 BASIS OF PREPARATION OF FINANCIAL STATEMENTS** 

The financial statements have been prepared under historical cost convention, with the exception of investments which are included at the market value and in accordance with Financial Reporting Standard for Smaller Entitles (Effective 2015). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” published in 2015 and applicable accounting standards. 

## **2.2 FUNDING ACCOUNTING** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. 

## **2.3 INCOMING RESOURCES** 

All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

Income tax recoverable in relation to investment income is recognized at the time the investment income is receivable. 

## **2.4 RESOURCES EXPENDED** 

All expenditure is accounted for an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. 

Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. 

Grants payable are charged in the year when the offer is made perfect except in those cases where the offer is conditional, such grants being recognized as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend rate noted as a commitment, but not accrued as expenditure 

## **2.5 TANGIBLE FIXED ASSETS AND DEPRECIATION** 

All assets costing more than £500 are capitalized. 

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases; 

Charity Instrument and Other Equipments          -18% Reducing Balance method Fixture and fixtures                                              -18% Reducing Balance method 

7 



## **LONDON RANGERS FOOTBALL** 

**Notes to the accounts for the year ended 30th June 2024** 

## **2.6 Voluntary income** 

|**2.6 Voluntary income**||||
|---|---|---|---|
|||**2024**||
||**Unrestricted**|**Restricted**|**Total**|
||**£**|**£**|**£**|
|Service Fees|150,141||150,141|
||**150,141**||**150,141**|



8 



## **LONDON RANGERS FOOTBALL** 

## **Notes to the accounts for the year ended 30th June 2024 3.  Total Resources Expended** 

By type of expenses, total resources expended comprise: 

|||||**2024**|||
|---|---|---|---|---|---|---|
||Charitable|||Costs of|||
||Expenditure||Governance|Generating|||
||Direct Costs|||Funds|Total||
||**£**||**£**|**£**||**£**|
|Staff Costs||59,559||||59,559|
|Direct Costs<br>||91,950||||91,950|
|Support Costs||31,842||||31,842|
|Other Costs|||4,571|||4,571|
|**Total**||**183,351**|**4,571**|||**187,922**|
|**Support Costs**|||||||
|||**2024**|||||
||**£**||||||
|Advertising &|||||||
|Marketing||689|||||
|Rent and Rates||1,360|||||
|Electricity||9,781|||||
|Repairs &|||||||
|Maintenance||3,043|||||
|Miscellaneous|||||||
|Motor Expenses||1,505|||||
|Telephone||2,149|||||
|Computer &|||||||
|Accessories Costs||3,219|||||
|Bank Charges||529|||||
|Miscellaneous|||||||
|Expenses||9,567|||||
|**Total**||**31,842**|||||
|**Staff Costs**|||||||
|||**2024**|||||
|Gross Wages||57,214|||||
|Employer's NI||2,080|||||
|Pension Costs||265|||||
|**Total**||**59,559**|||||
|**Direct Costs**||**2024**|||||
||**£**||||||
|Direct Expenses||91,950|||||
|Total||**91,950**|||||
|**Governance Costs**||**2024**|||||
||**£**||||||
|Audit &|||||||
|Accountancy Cost||1,465|||||
|Professional Fees||3,106|||||
|**Total**||**4,571**|||||



9 



## **Christian Community International** 

## **Notes to the accounts for the year ended 30th June 2024** 

## **4. Taxation** 

LONDON RANGERS FOOTBALL is a registered charity and applies all its income for charitable purposes. It thus claims exemptions from UK tax. 

## **5.   Employees Information** 

**2024** 7 

|**5.   Employees Information**|**2024**|
|---|---|
|Average number of employees<br>Employees Cost for above persons:<br>Salaries<br>Gross Wages<br>Employers NI<br>Pension Costs|7<br>**2024**<br>**£**|
||57,214<br>2,080<br>265|
||**59,559**|



10 



## **6.  Tangible assets** 

|**angible assets**|||
|---|---|---|
||**2024**||
||Charity||
||Equipment/||
||Furniture||
||Fitting|Total|
||**£**|**£**|
|**Cost**|||
|As at 1stJuly|5,522|5,522|
|Additions|34|34|
|As at 30thJune|**5,556**|**5,556**|
|**Accumulated depreciation**|||
|As at 1st July|||
|Charge for the year|||
|As at 30thJune|||
|**Net Book Value**|||
|As at 30thJune|**5,556**|**5,556**|



Depreciation is provided to write off the cost of assets by equal annual installment over their estimated useful lives as follows 

## **7.  Creditors: amounts falling due within one year** 

||2024|
|---|---|
|Trade Creditors|35,385|
|Other Creditors|17,766|
|PAYE & Social Security|25,169|
||**81,320**|



11