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2024-03-31-accounts

REGISTERED CHARITY NUMBER: 1100019

Report of the Trustees and

Financial Statements for the Year Ended 31 March 2024

for

LONDON TIGERS

ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS 

LONDON TIGERS

Contents of the Financial Statements
for the Year Ended 31 March 2024
Page
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 
LONDON TIGERS

Report of the Trustees
for the Year Ended 31 March 2024

The trustees present their report with the financial statements of the charity for the year ended 31 March 2024. 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 having a 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. 

Page 1

LONDON TIGERS

for the Year Ended 31 March 2024

Report of the Trustees

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 Trusts & Foundations 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

As we reflect on the year ending 31 March 2024, we are proud to highlight our significant achievements that reinforces our commitment to delivering services at the grass roots. Our ongoing delivery of programmes, projects, and services has not only built upon our past successes but has also deepened our roots in the communities we serve.

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 life outcomes through our youth services. These models follow a broad outcomes-based approach to engage young people in fun and social activities and leads to outcome focused youth work, including:

Youth Volunteering Programme

Social Action Programmes

o Objective: To empower young people to address environmental and social issues within their communities. o Activities: Workshops on sustainability, community clean-up events, advocacy training, and projects that directly tackle social challenges such as inequality and public health.

Education Enrichment

Careers Advice and Support

Page 2

LONDON TIGERS

Report of the Trustees
for the Year Ended 31 March 2024

Doorstep Estate-Based Youth Diversion Programme

Mentoring and Educational Workshops

Community Safety

London Tigers has been actively involved in fostering community cohesion through various projects and events. One of our key initiatives, the Building Community Resilience Project, equipped young people with essential critical thinking and leadership skills. This initiative empowered them to organise a range of community competitions and events aimed at addressing the pressing issue of knife crime while simultaneously uniting the community.

Additionally, our estate-based doorstep Sports and Youth Clubs, in collaboration with housing associations and Tenant and Resident Associations (TARA) across numerous London boroughs, have created positive engagement opportunities for local youth. These programmes not only provide a safe space for young people to participate in sports and recreational activities but also promote social interaction and community involvement. Through these efforts, London Tigers continues to play a vital role in strengthening community ties and fostering resilience among young people.

Health & Wellbeing

" Our successful family and women engagement activities thrived across London deprived areas of our work, engaging over 450 participants from BAME backgrounds participating regularly in health and fitness sessions.

Sporting Pathway

London Tigers is dedicated to using the power of sports to engage and uplift disadvantaged communities, addressing various social issues through inclusive programmes. By offering engagement at appropriate levels, we create pathways for individuals to not only participate in sports but also to progress to elite levels and beyond. For our sports programmes, our service users benefit from a range of opportunities, whether they seek casual participation or aspire to compete in leagues and professional environments alongside experienced athletes.

As the lead organiser of sporting events for the South Asian community in the UK, we focus on popular sports such as football, cricket, and badminton. Our events foster community spirit, promote physical fitness, and provide a platform for young athletes to showcase their talents. Through our initiatives, we aim to build confidence, enhance skills, and encourage teamwork, ultimately contributing to the personal and social development of our participants. Together, we strive to create a supportive environment where everyone has the chance to thrive through sports.

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. 

Page 3

LONDON TIGERS

Report of the Trustees
for the Year Ended 31 March 2024

We have over 65 volunteers that are involved throughout our events and activities from diverse background.

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.

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 £415,131. The unrestricted reserves are just for 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 and working towards 12 months. London Tigers have a development/sinking fund for our leased sports facility we have allocated £250,000.

Our revenue costs is dependent on funding received, therefore the costs required for reserves is not equal to the 6 months cost from this financial year. The Trustees consider that reserves at this level 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.

Governance:

" The charity is governed by a deed of trust and operates as an unincorporated charity.

" Additionally, another charity is registered and governed by its Memorandum and Articles of Association.

Board of Trustees:

" The board of trustees is responsible for setting the overall policy, approving the annual plan and budget, and monitoring the charity's performance.

" Trustees meet quarterly and oversee committees focused on finance and personnel matters.

Chief Executive Officer (CEO):

" The role of our Chief Executive Officer is to lead the strategic development of the organisation, including growth and income generation. They oversee daily operations by delegating appropriate responsibilities to relevant members of the senior management team.

" The CEO has delegated authority for operational decisions, including finance, employment, and performance-related activities, as approved by the trustees.

" The CEO is supported by a skilled senior management team.

Senior Management Team:

" Staff members are employed to manage specific programmes, projects, service areas, or administrative responsibilities.

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. 

Page 4

LONDON TIGERS

Report of the Trustees
for the Year Ended 31 March 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT 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

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

1100019

Principal address

12 Rossmore Road London NW1 6NX

Trustees

R Boddy Chairperson M Islam W Ahmed Trustee A Khan Trustee M Ahmed Trustee A Adaramola Trustee M Abdullah Trustee

Independent Examiner

ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

Bank

LLOYDS BANK PLC 85 Baker St, London NW1 6XB

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. R Boddy - Trustee 

Page 5

Independent Examiner's Report to the Trustees of
LONDON TIGERS

Independent examiner's report to the trustees of LONDON TIGERS

I report to the charity trustees on my examination of the accounts of LONDON TIGERS (the Trust) for the year ended 31 March 2024.

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').

I 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 I 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. I can confirm that I am qualified to undertake the examination because I am a member of the Association of Chartered Certified Accountants, which is one of the listed bodies.

I have completed my examination. I 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:

  1. 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.

I 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

ACN Accountants Chartered Certified Accountants 41 Orsett Road Grays Essex RM17 5DS

Date: ............................................. 

Page 6

LONDON TIGERS

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted Restricted
funds
funds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
125,166
604,010
Investment income
3
102
-
Other income
30,000
-
Total
155,268
604,010
EXPENDITURE ON
Charitable activities
4
Government and Local Authorities
-
238,348
Companies and Trust
-
313,143
Other Income
125,055
-
Other
2,018
-
Total
127,073
551,491
NET INCOME
28,195
52,519
RECONCILIATION OF FUNDS
Total funds brought forward
386,936
227,393
TOTAL FUNDS CARRIED FORWARD
415,131
279,912		 31.3.24
Total
funds
£
729,176
102
30,000
759,278
238,348
313,143
125,055
2,018
678,564
80,714
614,329
695,043		 31.3.23
Total
funds
£
706,894
18
30,000
736,912
268,107
280,944
106,619
4,466
660,136
76,776
537,553
614,329 
The notes form part of these financial statements

Page 7

LONDON TIGERS

Balance Sheet 31 March 2024

Unrestricted Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
9
10,584
4,233
CURRENT ASSETS
Debtors
10
30,000
59,809
Cash at bank and in hand
401,552
225,870
431,552
285,679
CREDITORS
Amounts falling due within one year
11
(27,005)
(10,000)
NET CURRENT ASSETS
404,547
275,679
TOTAL ASSETS LESS CURRENT
LIABILITIES
415,131
279,912
NET ASSETS
415,131
279,912
FUNDS
12
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.3.24
Total
funds
£
14,817
89,809
627,422
717,231
(37,005)
680,226
695,043
695,043
415,131
279,912
695,043		 31.3.23
Total
funds
£
16,846
37,290
583,475
620,765
(23,282)
597,483
614,329
614,329
386,936
227,393
614,329

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:

............................................. R Boddy - Trustee 

The notes form part of these financial statements

Page 8

LONDON TIGERS
Cash Flow Statement
for the Year Ended 31 March 2024
Notes
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Change in cash and cash equivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end
of the reporting period		 31.3.24
£
46,755
46,755
(2,910)
102
(2,808)
43,947
583,475
627,422		 31.3.23
£
66,184
66,184
(4,598)
18
(4,580)
61,604
521,871
583,475		 
The notes form part of these financial statements

Page 9

LONDON TIGERS

Notes to the Cash Flow Statement for the Year Ended 31 March 2024

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
31.3.24 31.3.23
£ £
Net income for the reporting period (as per the Statement of
Financial Activities) 80,714 76,776
Adjustments for:
Depreciation charges 4,939 5,616
Interest received (102) (18)
Increase in debtors (52,519) (7,290)
Increase/(decrease) in creditors 13,723 (8,900)
Net cash provided by operations 46,755 66,184

2. ANALYSIS OF CHANGES IN NET FUNDS

At 1.4.23 Cash flow At 31.3.24
£ £ £
Net cash
Cash at bank and in hand 583,475 43,947 627,422
583,475 43,947 627,422
Total 583,475 43,947 627,422 
The notes form part of these financial statements

Page 10

LONDON TIGERS

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. 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.

Fixtures and fittings

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. 

continued...

Page 11

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
2.
DONATIONS AND LEGACIES
Gift aid
Grants and donations
Grants received, included in the above, are as follows:
Companies and Trusts
Governments and Local Authorities
Other Income
Fundrising and Donations
3.
INVESTMENT INCOME
Deposit account interest
4.
CHARITABLE ACTIVITIES COSTS
Government and Local Authorities
Companies and Trust
Other Income
5.
SUPPORT COSTS
Management
Finance
£
£
Other resources
expended
4,939
(11)
Other Income
-
102
4,939
91		 31.3.24
£
5,486
723,690
729,176
31.3.24
£
361,352
249,948
107,556
4,834
723,690
31.3.24
£
102
Support
Direct
costs (see
Costs
note 5)
£
£
238,348
-
313,143
-
79,994
45,061
631,485
45,061
Governance
Other
costs
£
£
(2,910)
-
38,281
6,678
35,371
6,678		 31.3.23
£
375
706,519		 31.3.23
£
375
706,519
706,894
31.3.23
£
298,064
268,107
109,178
31,170
706,519
31.3.23
£
18
Totals
£
238,348
313,143
125,055
676,546
Totals
£
2,018
45,061
47,079 
continued...

Page 12

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 March 2024 nor for the year ended 31 March 2023.

7. STAFF COSTS

31.3.24 31.3.23
£ £
Wages and salaries 277,694 274,245
Social security 22,124 23,387
Other pension costs 2,281 2,805
302,099 300,437

The average monthly number of employees during the year was as follows

31.3.24 31.3.23
Admin 3 4
Operation 16 19
19 23

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

Unrestricted Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
140,723
566,171
Investment income
18
-
Other income
30,000
-
Total
170,741
566,171
EXPENDITURE ON
Charitable activities
Government and Local Authorities
-
268,107
Companies and Trust
-
280,944
Other Income
106,619
-
Other
4,466
-
Total
111,085
549,051		 Total
funds
£
706,894
18
30,000
736,912
268,107
280,944
106,619
4,466
660,136 
continued...

Page 13

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024
8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted
funds
funds
£
£
NET INCOME
59,656
17,120
RECONCILIATION OF FUNDS
Total funds brought forward
327,280
210,273
TOTAL FUNDS CARRIED FORWARD
386,936
227,393
9.
TANGIBLE FIXED ASSETS
COST
At 1 April 2023
Additions
At 31 March 2024
DEPRECIATION
At 1 April 2023
Charge for year
At 31 March 2024
NET BOOK VALUE
At 31 March 2024
At 31 March 2023
10.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
£
Prepayments and accrued income
89,809		 Total
funds
£
76,776
537,553
614,329
Fixtures
and
fittings
£
129,700
2,910
132,610
112,854
4,939
117,793
14,817
16,846
31.3.23
£
37,290		 Total
funds
£
76,776
537,553
614,329 
continued...

Page 14

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Social security and other taxes
Other creditors
Accruals and deferred income
Accrued expenses		 31.3.24
£
5,525
19,080
10,000
2,400
37,005		 31.3.23
£
5,270
15,612
-
2,400
23,282

12. MOVEMENT IN FUNDS

At 1.4.23
£
Unrestricted funds
General fund
128,603
Fundraising
31,105
Others
20,995
Fundraising and donations
50,990
Other Income
155,243
386,936
Restricted funds
Government and Local Authorities
9,200
Companies and Trust
(1,910)
Other Income
4,233
Development fund for Sports Facility
215,870
227,393
TOTAL FUNDS
614,329
Net movement in funds, included in the above are as follows:		 Net
movement
in funds
£
197
-
-
-
27,998
28,195
7,250
45,269
-
-
52,519
80,714		 At
31.3.24
£
128,800
31,105
20,995
50,990
183,241
415,131
16,450
43,359
4,233
215,870
279,912
695,043
Unrestricted funds
General fund
Other Income
Restricted funds
Government and Local Authorities
Companies and Trust
TOTAL FUNDS		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
10,422
(10,225)
197
144,846
(116,848)
27,998
155,268
(127,073)
28,195
245,598
(238,348)
7,250
358,412
(313,143)
45,269
604,010
(551,491)
52,519
759,278
(678,564)
80,714		 Incoming
Resources
Movement
resources
expended
in funds
£
£
£
10,422
(10,225)
197
144,846
(116,848)
27,998
155,268
(127,073)
28,195
245,598
(238,348)
7,250
358,412
(313,143)
45,269
604,010
(551,491)
52,519
759,278
(678,564)
80,714
28,195
7,250
45,269
52,519
80,714 
continued...

Page 15

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

Comparatives for 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 5,319 25,786 - 31,105
Others 20,995 - - 20,995
Fundraising and donations 50,990 - - 50,990
Other Income 150,512 4,731 - 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 (4,850) 12,770 (9,830) (1,910)
Other Income 4,233 - - 4,233
Development fund for Sports Facility 172,915 - 42,955 215,870
210,273 17,120 - 227,393
TOTAL FUNDS 537,553 76,776 - 614,329
Comparative net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 30,393 (1,254) 29,139
Fundraising 31,170 (5,384) 25,786
Other Income 109,178 (104,447) 4,731
170,741 (111,085) 59,656
Restricted funds
Government and Local Authorities 272,457 (268,107) 4,350
Companies and Trust 293,714 (280,944) 12,770
566,171 (549,051) 17,120
TOTAL FUNDS 736,912 (660,136) 76,776 
continued...

Page 16

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

12. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

At 1.4.22
£
Unrestricted funds
General fund
99,464
Fundraising
5,319
Others
20,995
Fundraising and donations
50,990
Other Income
150,512
327,280
Restricted funds
Government and Local Authorities
37,975
Companies and Trust
(4,850)
Other Income
4,233
Development fund for Sports Facility
172,915
210,273
TOTAL FUNDS
537,553		 Net
Transfers
movement
between
in funds
funds
£
£
29,336
-
25,786
-
-
-
-
-
32,729
-
87,851
-
11,600
(33,125)
58,039
(9,830)
-
-
-
42,955
69,639
-
157,490
-		 At
31.3.24
£
128,800
31,105
20,995
50,990
183,241
415,131
16,450
43,359
4,233
215,870
279,912
695,043

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 40,815 (11,479) 29,336
Fundraising 31,170 (5,384) 25,786
Other Income 254,024 (221,295) 32,729
326,009 (238,158) 87,851
Restricted funds
Government and Local Authorities 518,055 (506,455) 11,600
Companies and Trust 652,126 (594,087) 58,039
1,170,181 (1,100,542) 69,639
TOTAL FUNDS 1,496,190 (1,338,700) 157,490 
continued...

Page 17

LONDON TIGERS

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

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 £14,147 (2023: £23,580).. 

Page 18

LONDON TIGERS
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
£
INCOME AND ENDOWMENTS
Donations and legacies
Gift aid
5,486
Grants and donations
723,690
729,176
Investment income
Deposit account interest
102
Other income
Other Operating Income
30,000
Total incoming resources
759,278
EXPENDITURE
Charitable activities
Wages and subcontractors costs
450,711
Social security
17,124
Pensions
2,281
Recruitment & training
4,819
Consultancy fees
26,753
Keeping Communities Safe Programme
8,750
Upskilling People Programme
36,030
Improving Health & Wellbeing Programme
33,262
Providing Sporting Pathways Programme
39,364
Marketing and PR
12,391
631,485
Support costs
Management
Depreciation of tangible and heritage
assets
4,939
Finance
Bank charges
91
Other
Rent & Rates
4,500
Insurance
6,550
Telephone & internet
4,277
Postage and stationery
2,415
Sundries
1,728
IT & Network Services
15,901
Transport & travelling
-
Cleaning, repair & maintenance
-
35,371		 31.3.23
£
375
706,519
706,894
18
30,000
736,912
389,010
23,387
2,805
7,789
47,947
16,064
27,309
53,887
32,560
7,674
608,432
5,616
265
7,018
5,425
3,373
1,617
-
19,629
732
2,809
40,603 
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 2024
Detailed Statement of Financial Activities
for the Year Ended 31 March 2024
31.3.24
£
Other
Governance costs
Accountancy and bookkeeping expenses
4,758
Legal & professional fees
1,920
6,678
Total resources expended
678,564
Net income
80,714		 31.3.23
£
5,220
-
5,220
660,136
76,776 
This page does not form part of the statutory financial statements

Page 20