REGISTERED CHARITY NUMBER: 1100019
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2023 for
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LONDON TIGERS
ACN Accountants Chartered Certified Accountants ACN Accountants 41 Orsett Road Grays Essex RM17 5DS
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LONDON TIGERS
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Contents of the Financial Statements for the Year Ended 31 March 2023
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|Report|of the|Trustees|1|to|5|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance|Sheet|8|
|Cash Flow Statement|9|
|Notes|to|the|Cash|Flow|Statement|10|
|Notes to the Financial Statements|11|to|18|
|Detailed|Statement of Financial|Activities|19|to|20|
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LONDON TIGERS
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Report of the Trustees for the Year Ended 31 March 2023
The trustees present their report with the financial statements of the charity for the year ended ’ 31 March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Public benefit
We have always, and will continue to, take out responsibilities of ensuring that our charitable activities contribute significantly to the lives of those we work with and specifically within the local areas in which those activities are undertaken. We have referred to the guidance provided by the Charity Commission on public benefit, and all our charitable activities are directed towards havinga lifelong impact in our area of benefit and service users alike and these activities are undertaken to further our charitable purposes for the public benefit. In particular, the Board of Trustees consider how our services will contribute to these aims and objectives in planning our future services.
Strategic Partnership
We act as a strategic organisation working with partners across the sector as well as statutory providers to enable members of the community to engage with service providers and to enable those providers to adapt services to better meet the needs of the community. We provide ideas and input into discussions and consultations on policy matters. Staff and trustees attend a range of internal and external meetings to help set the direction of the organisation and to share best practice and ideas.
We work in consultation and partnership with the local community and statutory and voluntary agencies in developing our programmes, projects and service and responding to emerging need and new initiatives.
We are widely involved in collaborative and partnership work and developed further opportunities by being actively involved in new initiatives both locally and nationally. Partnership working benefits our users as_ it identifies need and gaps in provision, prevents duplication of services and enables accurate referral and information to and from partnership organisations. It enables access to funding streams and increases our effectiveness and resilience through joint provision of services and the exchange of good practice, policies and information.
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LONDON TIGERS
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Report of the Trustees for the Year Ended 31 March 2023
ACHIEVEMENT AND PERFORMANCE ACKNOWLEDGMENT
The charity aims to develop a diverse funding base for its activities. We continue to attract funding for various programmes, projects and services from a wide range of other sources - charitable trusts, private companies, donations and our own income generating activities.
We would like to thank all of our funders and supporters from the Central Government, Local Authorities, GLA, Charity Trust & Foundation and Cooperative institutions.
We would also like to thank all of our individual donors for their donation and Gift Aid which has helped us carry out our crucial work.
YEAR IN REVIEW
The following details are our proud achievements for the year to March 2023, cementing and building upon ongoing delivery of programmes, projects and services that continues to demonstrate that we remain rooted in community activism.
Quality Marks
We have maintained the following Quality Marks and accreditation:
Active Westminster Mark FA Charter Standard Club ECB Club Mark (Cricket Accreditation Scheme)
Children & Young People
We engage children & young people across some of the most disadvantaged boroughs of London, supporting them away from antisocial behaviour, giving them a safe place to explore, learn and achieve through our youth services. These model follows a generic youth club to engage young people in fun and social activities and leads to outcome focused youth work, including:
"Youth Volunteering programme.
" Social Action programmes that touches on the environment and social issues.
" Education enrichment through study support and leadership programmes.
“ Careers Advice and support including CV building.
" Doorstep Estate based youth diversion programme
" Mentoring and educational workshops
Community Safety
"London Tigers organised projects and events to help create and strengthen community ties. Our Building Community Resilience Project taught young people critical thinking and leadership skills. They organised a series of community competitions and events to tackle knife crime and bring together the community.
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" Our Estate Based Doorstep Sports and Youth Clubs with the support of housing associations and TARA in many London boroughs, providing positive engagement for local young people.
Skills Development
We equip individuals from disadvantaged communities with the skills and experience they need to improve their future prospects. Unemployment and a lack of adequate training and skills are issues that many face. Our ongoing volunteering programme enhances our engagement with local residents with our programme and activities.
We have over 50 volunteers that are involved throughout our events and activities from diverse background.
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LONDON TIGERS
Report of the Trustees for the Year Ended 31 March 2023
Our coaches and volunteers have been recognised at our Award Ceremony and with external awards and many of our beneficiaries have moved on to successful employment and opportunities.
Health & Wellbeing
"London Tigers promotes general healthy living as well addressing key issues in the ethnic minority community such as poor diet and low levels of physical activities. These include events, tournaments and annual sports days and regular physical activity sessions such as fitness, aerobics and more.
" Our successful family and women engagement activities thrived across London deprived areas of our work, engaging over 400 participants from BAME backgrounds participating regularly in health and fitness sessions.
Sporting Pathway
London Tigers uses sports to engage with disadvantaged communities and tackling community issues by providing entry level engagement sessions with the support and opportunity to progress to elite level and beyond. Our beneficiaries can take advantage of opportunities to simply participate or to compete in leagues, professional environments and with professional sports players. We are the lead organiser of sporting events for the UK Bangladeshi Community in the area of Football, Cricket and Badminton. FINANCIAL REVIEW Throughout the year, the Board of Trustees reviewed quarterly management accounts and control was also exercised by senior staff and the Treasurer in line with the Charity's Financial Management Policy. This prudent approach has resulted in a surplus which takes unrestricted reserves to £386,936. The unrestricted reserves are for over 6 months running costs, which is within the reserves policy approved by the Trustees to meet circumstances of loss of funding or other risks to the organisation. London Tigers have a development/sinking fund for our leased sports facility, we have allocated £215,870 towards the fund.
The Trustees consider that current level of reserves will ensure in the event of a significant drop in funding, they will be able to continue a minimum level of activities while consideration is given to ways in which additional funds may be raised.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
The Charity is registered as a charity and is governed by its Memorandum and Articles of Association. The board of trustees administers the charity. The trustees meet four times a year, and there are committees covering finance and Personnel.
The trustees are responsible for setting general policy, finalising and approving the annual plan and budget, monitoring the charity and taking major decisions about the strategic direction of the charity and any capital expenditure.
A Chief Executive is appointed by the trustees to manage the day to day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees, for operational matters including finance, employment and performance related activity. The Chief Executive is supported by s a dynamic and skilled senior management team.
The senior management team lead on strategy & sustainability, business & partnership development and co-ordinates fundraising initiatives. The remaining staff are employed to manage and develop particular programmes, projects and service areas or have specific administration or premises-related responsibilities.
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LONDON TIGERS
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Report of the Trustees for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustee Induction and Training Due to the charity's selection procedure, most trustees are already familiar with the work of the charity. However, new trustees undergo an orientation day to brief them on their legal obligations under charity law, the content of the Memorandum and Articles of Association, the Board and decision making processes, the business plan and recent financial performance of the charity. During the induction day they meet key employees and other trustees whenever possible. The day is jointly led by the Chair of the Board and the Chief Executive of the charity. Trustees are also encouraged to attend external events where these will facilitate the undertaking of the roles and enhance their understanding of the charity's remit. In addition, a Trustees’ induction pack is given, which provides information on both the charity and the context within which it operates. The pack draws information from a range of Charity Commission publications; the Commission's guide ‘the Essential Trustee’, as well as those produced by the charity itself. These include the Strategic Plan, the Organisation's Structure and the latest Financial Statements.
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. These risks are formally documented and regularly reviewed, and the trustees are satisfied that systems are in place to mitigate the charity's exposure to significant risk.
The three main risks the charity faces are:
" Financial
" Reputation " Staffing
The Finance and Personnel Committee include the charity's risk registers as a standing item on its agendas. Further any risk highlighted as high risk or issues arising are reported at each meeting of the Board of Trustees.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number 4100019
Principal address 12 Rossmore Road London NW1 6NX
Trustees R Boddy Chairperson M Islam (appointed 16.12.22) W Ahmed Trustee A Khan Trustee M Ahmed Trustee A Adaramola Trustee M Abdullah Trustee
Independent Examiner
ACN Accountants Chartered Certified Accountants ACN Accountants 41 Orsett Road Grays Essex RM17 5DS
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LONDON TIGERS
Report of the Trustees for the Year Ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Bank LLOYDS BANK PLC 85 Baker St, London NW11 6XB
Approved by order of the board of trustees on 20 December 2023 and signed on its behalf by: “Trustee Ri oll
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Independent Examiner's Report to the Trustees of
LONDON TIGERS
Independent examiner's report to the trustees of LONDON TIGERS | report to the charity trustees on my examination of the accounts of LONDON TIGERS (the Trust) for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act).
| report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. |! can confirm that | am qualified to undertake the examination because | am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Anwar F Chowdhury FCCA
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ACN Accountants Chartered Certified Accountants ACN Accountants 41 Orsett Road Grays Essex RM17 5DS
20 December 2023
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LONDON TIGERS
Statement of Financial Activities for the Year Ended 31 March 2023
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|,|31.3.23|31.3.22|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|2|140,723|566,171|706,894|569,251|
|Investment|income|3|18|-|18|-|
|Other income|30,000|-|30,000|30,000|
|Total|170,741|566,171|736,912|599,251|
|EXPENDITURE|ON|
|Charitable|activities|4|
|Government and|Local|Authorities|-|268,107|268,107|216,769|
|Companies|and|Trust|-|280,944|280,944|267,227|
|Other|Income|106,619|-|106,619|54,177|
|Other|4,466|-|4,466|6,493|
|Total|111,085|549,051|660,136|544,666|
|NET INCOME|59,656|17,120|76,776|54,585|
|RECONCILIATION OF FUNDS|
|Total|funds|brought forward|327,280|210,273|537,553|482,968|
|TOTAL FUNDS CARRIED FORWARD|386,936|227,393|614,329|537,553|
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The notes form part of these financial statements
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LONDON TIGERS Balance Sheet
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31 March 2023
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|31.3.23|31.3.22|
|UnrestrictedRestricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|9|12,613|4,233|16,846|17,864|
|CURRENT|ASSETS|
|Debtors|10|30,000|7,290|37,290|30,000|
|Cash|at|bank|and|in|hand|367,605|215,870|583,475|521,871|
|397,605|223,160|620,765|551,871|
|CREDITORS|
|Amounts|falling|due within|one year|11|(23,282)|-|(23,282)|(32,182)|
|NET CURRENT ASSETS|374,323|223,160|597,483|519,689|
|TOTAL ASSETS|LESS CURRENT|
|LIABILITIES|386,936|227,393|614,329|537,553|
|NET ASSETS|386,936|227,393|614,329|537,553|
|FUNDS|12|
|Unrestricted|funds|386,936|327,280|
|Restricted|funds|227,393|210,273|
|TOTAL FUNDS|614,329|—-§37,553|
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The financial statements were approved by the Board of Trustees and authorised for issue on 20 December 2023 and were signed on its behalf by:
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R Boddy - Trustee
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The notes form part of these financial statements
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LONDON TIGERS
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|Cash|Flow|Statement|
|for|the|Year|Ended|31|March|2023|
|31.3.23|31.3.22|
|Notes|£|£|
|Cash|flows|from|operating|activities|
|Cash|generated|from|operations|1|66,184|105,110|
|Net cash|provided|by|operating|activities|66,184|105,110|
|Cash|flows from|investing|activities|
|Purchase|of tangible|fixed|assets|(4,598)|(4,233)|
|Interest|received|18|-|
|Net cash|used|in|investing|activities|(4,580)|(4,233)|
|Change|in|cash|and|cash|equivalents|
|in|the|reporting|period|61,604|400,877|
|Cash|and|cash|equivalents|at the|
|beginning|of the|reporting|period|521,871|420,994|
|Cash|and|cash|equivalents|at the|end|
|of the|reporting|period|583,475|521,871|
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The notes form part of these financial statements Page 9
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LONDON TIGERS
Notes to the Cash Flow Statement for the Year Ended 31 March 2023
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|1.|RECONCILIATION|OF NET INCOME TO|NET CASH|FLOW FROM OPERATING|ACTIVITIES|
|31.3.23|31.3.22|
|£|£|
|Net|income|for the|reporting|period|(as|per the|Statement|of|
|Financial|Activities)|76,776|54,585|
|Adjustments|for:|
|Depreciation|charges|5,616|5,955|
|Interest|received|(18)|-|
|(Increase)/decrease|in|debtors|(7,290)|22,266|
|(Decrease)/increase|in|creditors|(8,900)|22,304|
|Net cash|provided|by|operations|66,184|105,110|
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|2.|ANALYSIS|OF CHANGES|IN|NET|FUNDS|
|At|1.4.22|Cash|flow|At|31.3.23|
|£|£|£|
|Net|cash|
|Cash|at|bank|and|in|hand|521,871|61,604|583,475|
|521,871|61,604|583,475|
|Total|521,871|61,604|583,475|
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The notes form part of these financial statements
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LONDON TIGERS
Notes to the Financial Statements for the Year Fnded 31 March 2023
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- ACCOUNTING POLICIES
Basis of preparing the financial statements The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)’, Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Tangible fixed assets
Fixtures and fittings - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
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Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 2. | DONATIONS AND LEGACIES | DONATIONS AND LEGACIES | |||||
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| 31.3.23 | 31.3.22 | ||||||
| £ | £ | ||||||
| Gift aid | 375 | 210 | |||||
| Grants and donations | 706,519 | 569,041 | |||||
| 706,894 | 569,251 | ||||||
| Grants received, included in the above, | are as | follows: | |||||
| 31.3.23 | 31.3.22 | ||||||
| £ | £ | ||||||
| Companies and Trusts | 298,064 | 230,465 | |||||
| Governments and Local Authorities | 268,107 | 216,769 | |||||
| Other Income | 109,178 | 107,033 | |||||
| Fundrising and Donations | 31,170 | 14,773 | |||||
| Othergrants | - | 1 | |||||
| 706,519 | 569,041 | ||||||
| 3. | INVESTMENT INCOME | ||||||
| 31.3.23 | 31.3.22 | ||||||
| £ | £ | ||||||
| Deposit account interest | 18 | - | |||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||
| Support | |||||||
| Direct | costs (see |
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| Costs | note 5) |
Totals | |||||
| £ | £ | £ | |||||
| Government and Local Authorities | 268,107 | - | 268,107 | ||||
| Companies and Trust Other Income |
280,444 59,881 |
500 46,738 |
280,944 106,619 |
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| 608,432 | 47,238 | 655,670 | |||||
| 5. | SUPPORTCOSTS | Governance | |||||
| Management | Finance | Other | costs | Totals | |||
| £ | £ | £ | £ | £ | |||
| Other resources | |||||||
| expended Companies and Trust |
4,466 - |
- - |
- - |
- 500 |
4,466 500 |
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| Other Income | 1,150 | 265 | 40,603 | 4,720 | 46,738 | ||
| 5,616 | 265 | 40,603 | 5,220 | 51,704 |
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LONDON TIGERS
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Notes to the Financial Statements - continued - for the Year Ended 31 March 2023
- TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 March 2023 nor for the year ended 31 March 2022.
- STAFF COSTS
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|31.3.23|31,3.22|
|£|£|
|Wages|and|salaries|274,245|227,941|
|Social|security|23,387|15,152|
|Other|pension|costs|2,805|2,562|
|300,437|245,655|
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The average monthly number of employees during the year was as follows
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|31.3.23|31.3.22|
|4|3|
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|One|employee|had|total|emoluments|in|excess|of|£60,000.|The|emoluments|for|this|employee|
|excluding|pension|contributions|for the|year,|fell|within|the|range £60,000|to £70,000.|
|8.|COMPARATIVES|FOR THE STATEMENT OF|FINANCIAL|ACTIVITIES|
|UnrestrictedRestricted|Total|
|funds|funds|funds|
|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations|and|legacies|122,017|447,234|569,251|
|Other|income|30,000|-|30,000|
|Total|152,017|447,234|599,251|
|EXPENDITURE|ON|
|Charitable|activities|
|Government|and|Local|Authorities|-|216,769|216,769|
|Companies|and|Trust|-|267,227|267|227|
|Other Income|58,410|(4,233)|54,177|
|Other|6,408|85|6,493|
|Total|64,818|479,848|544,666|
|NET INCOME/(EXPENDITURE)|87,199|(32,614)|54,585|
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LONDON TIGERS
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
- COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
| UnrestrictedRestricted | UnrestrictedRestricted | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| £ | £ | £ | ||
| RECONCILIATION OF FUNDS | ||||
| Total funds broughtforward | 240,081 | 242,887 | 482,968 | |
| TOTALFUNDSCARRIEDFORWARD | 327,280 | 210,273 | 537,553 | |
| 9. | TANGIBLE FIXEDASSETS | |||
| Fixtures | ||||
| and | ||||
| fittings | ||||
| £ | ||||
| COST At 1 April2022 Additions |
125,102 4,598 |
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| At 31 March2023 | 129,700 | |||
| DEPRECIATION At 1 April2022 Chargeforyear |
107,238 5,616 |
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| At31 March2023 | 112,854 | |||
| NET BOOKVALUE | ||||
| At 31 March 2023 | 16,846 | |||
| At 31 March 2022 | 17,864 | |||
| 40. | DEBTORS: AMOUNTS FALLING DUEWITHINONEYEAR | 31.3.23 £ |
31.3.22 £ |
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| Prepaymentsandaccruedincome | 37,290 | 30,000 |
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LONDON TIGERS
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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- CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 31.3.23 | 31.3.22 | ||
|---|---|---|---|
| £ | £ | ||
| Social security and othertaxes Othercreditors. Accruals and deferred income |
5,270 15,612 - |
5,310 14,642 9,830 |
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| Accrued expenses | 2,400 | 2,400 | |
| 23,282 | 32,182 | ||
| 12. | MOVEMENTINFUNDS |
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 99,464 | 29,139 | - | 128,603 |
| Fundraising Others |
5,319 20,995 |
25,786 - |
- - |
31,105 20,995 |
| Fundraising and donations Other Income |
50,990 150,512 |
- 4,731 |
- - |
50,990 155,243 |
| 327,280 | 59,656 | - | 386,936 | |
| Restricted funds | ||||
| Government and Local Authorities | 37,975 | 4,350 | (33,125) | 9,200 |
| Companies and Trust Other Income |
(4,850) 4,233 |
12,770 - |
(9,830) - |
(1,910) 4,233 |
| Development fund forSports Facility | 172,915 | - | 42,955 | 215,870 |
| 210,273 | 17,120 | - | 227,393 | |
| TOTALFUNDS | 537,553 | 76,776 | - | 614,329 |
| Netmovementinfunds, included intheaboveareasfollows: | ||||
| Incoming | Resources | Movement | ||
| resources | expended | in funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 30,393 | (1,254) | 29,139 | |
| Fundraising OtherIncome |
31,170 109,178 |
(5,384) (104,447) |
25,786 4,731 |
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| 170,741 | (111,085) | 59,656 | ||
| Restricted funds | ||||
| Governmentand Local Authorities | 272,457 | (268,107) | 4,350 | |
| Companies and Trust | 293,714 | (280,944) | 12,770 | |
| 566,171 | (549,051) | 17,120 | ||
| TOTALFUNDS | 736,912 | (660,136) | 76,776 |
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LONDON TIGERS
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
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- MOVEMENT IN FUNDS- continued
Comparatives for movement in funds
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|Net|
|movement|At|
|At|1.4.21|in|funds|31.3.22|
|E|£|£|
|Unrestricted|funds|
|General|fund|90,497|8,967|99,464|
|Fundraising|5,319|-|5,319|
|Others|20,995|-|20,995|
|Fundraising|and|donations|36,359|14,631|50,990|
|Other|Income|86,914|63,601|150,512|
|240,081|87,199|327,280|
|Restricted|funds|
|Government|and|Local|Authorities|37,975|-|37,975|
|Companies|and|Trust|34,912|(39,762)|(4,850)|
|Other|Income|-|4,233|4,233|
|Development fund|for|Sports|Facility|170,000|2,915|172,915|
|242,887|(32,614)|210,273|
|TOTAL|FUNDS|482,968|54,585|537,553|
----- End of picture text -----
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|Incoming|Resources|Movement|
|resources|expended|in|funds|
|Unrestricted|funds|
|General|fund|30,211|(21,244)|8,967|
|Fundraising|and|donations|14,773|(142)|14,631|
|Other|Income|107,033|(43,432)|63,601|
|452,017|(64,818)|87,199|
|Restricted|funds|
|Government|and|Local|Authorities|216,769|(216,769)|-|
|Companies|and|Trust|230,465|(270,227)|(39,762)|
|Other|Income|-|4,233|4,233|
|Development fund|for Sports|Facility|-|2,915|2,915|
|447|234|(479,848)|(32,614)|
|TOTAL FUNDS|599,251|(544,666)|54,585|
----- End of picture text -----
Page 16
continued...
LONDON TIGERS
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
; | t : |
}
- MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At | 1.4.21 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | ||
| Unrestricted funds | |||||
| General fund | 90,497 | 38,106 | - | 128,603 | |
| Fundraising Others |
5,319 20,995 |
25,786 - |
- - |
31,105 20,995 |
|
| Fundraising and donations Other Income |
36,359 86,911 |
14,631 68,332 |
- - |
50,990 155,243 |
|
| 240,081 | 146,855 | - | 386,936 | ||
| Restricted funds Government and Local Authorities Companies and Trust Other Income |
37,975 34,912 - |
4,350 (26,992) 4,233 |
(33,125) (9,830) - |
9,200 (1,910) 4,233 |
|
| Development fund forSports Facility | 170,000 | 2,915 | 42,955 | 215,870 | |
| 242,887 | (15,494) | - | ——-227,393 | ||
| TOTAL FUNDS | 482,968 | 131,361 | - | 614,329 | |
| A current year 12 months and prior year 12 months combined net movement in funds, | included in the | ||||
| above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 60,604 | (22,498) | 38,106 | ||
| Fundraising Fundraising and donations OtherIncome |
31,170 14,773 216,211 |
(5,384) (142) (147,879) |
25,786 14,631 68,332 |
||
| 322,758 | (175,903) | 146,855 | |||
| Restricted funds | |||||
| Governmentand Local Authorities | 489,226 | (484,876) | 4,350 | ||
| Companies and Trust Other Income Developmentfund forSports Facility |
524,179 - - |
(551,171) 4,233 2,915 |
(26,992) 4,233 2,915 |
||
| 4,013,405 | (1,028,899) | (15,494) | |||
| TOTALFUNDS | 1,336,163 | (1,204,802) | 131,361 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
Page 17
continued...
I
LONDON TIGERS
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
13. RELATED PARTY DISCLOSURES
During the year PC Helppoint Ltd a company owned by Mr A Adaramola, who is a trustee of the organisation provided IT/Network service, repair and maintenance, annual membership of software's and management tools amounting to £23,580 (2022: £21,169)..
Page 18
LONDON TIGERS
|
| i | : t ; i :
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| Detailed Statement of Financial Activities for the Year Ended 31 March 2023 |
||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies Gift aid |
375 | 210 |
| Grants and donations | 706,519 | 569,041 |
| 706,894 | 569,251 | |
| Investment income | ||
| Depositaccount interest | 18 | - |
| Other income | ||
| OtherOperating Income | 30,000 | 30,000 |
| Total incoming resources | 736,912 | 599,251 |
| EXPENDITURE | ||
| Charitable activities Wages Social security Pensions Events&fundraising Recruitment& training Subcontractors costs |
274,245 23,387 2,805 - 7,789 114,765 |
227,941 15,152 2,562 935 2,905 120,990 |
| Consultancy fees Keeping Communities SafeProgramme Upskilling People Programme Improving Health &Wellbeing Programme Providing Sporting Pathways Programme Marketing and PR |
47,947 16,064 27,309 53,887 32,560 7,674 |
30,962 10,000 18,391 33,513 20,255 9,353 |
| 608,432 | 492,959 | |
| Support costs | ||
| Management | ||
| Depreciation oftangible and heritage assets |
5,616 | 5,955 |
| Finance | ||
| Bankcharges | 265 | 538 |
| Other | ||
| Rent& Rates | 7,018 | 12,055 |
| Insurance | 5,425 | 6,191 |
| Telephone& internet Postageand stationery IT& Network Services |
3,373 1,617 19,629 |
2,778 4,500 14,673 |
| Transport & travelling Cleaning, repair & maintenance |
732 2,809 |
- 4,301 |
| 40,603 | 41,498 |
|
This page does not form part of the statutory financial statements
Page 19
LONDON TIGERS
| Detailed Statement | of Financial Activities | ||
|---|---|---|---|
| for the Year Ended | 31 March 2023 | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Other | |||
| Governance costs | |||
| Accountancy and bookkeeping expenses | 5,220 | 3,716 | |
| Total resources expended | 660,136 | 544,666 | |
| Netincome | 76,776 | 54,585 |
This page does not form part of the statutory financial statements
Page 20