## **Lewisham Sports Consortium**
Charity No 1109468
Financial Statements 30th November 2021
## **Lewisham Sports Consortium**
|Charity No 1109468||
|---|---|
|Index||
||Page|
|Charity details|1|
|Trustees’ Report|2 - 3|
|Independent Examiner’s Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to Financial Activities|7- 8|
Page 1
## **Lewisham Sports Consortium**
Charity Details
Charity No 1109468
## MANAGEMENT COMMITTEES
Trustees Mr Michael Anthony Garrick Mr Lee Laing Mr Ashley Letts Mr James Nelson Mr Harry Alexander Powell Mr Lascelles Udenzie Dixon Secretary Mr Michael Anthony Garrick Charity Number Charity No 1109468 Registered Office 140A Firhill Road Catford London SE6 3SQ Independent Examiner JRK Accountancy Services 279 Slade Green Road Erith DA8 2JN Bankers NatWest Bank 159 Rushey Green London SE6 4BJ
## Page 2 **Lewisham Sports Consortium**
Trustee's report for the year ended 30th November 2021
The trustees present their report together with the financial statements of the charity for the year ended 30th November 2021. The financial statements have been prepared in accordance with the accounting policies set out on page 7 and comply with the charity's trust deed and applicable law.
## **Trustees**
The trustees named on page 1 have served throughout the year. The appointment of trustees is governed by the Trust Deed of the charity. The Board of trustees is authorised to appoint new trustees to fill vacancies arising through the resignation or death of an existing trustee.
## **Investments powers**
The Trust Deed authorises the trustees to make and hold investments using the general funds of the charity, but no such investments are presently held.
## **Constitution, objects and policies**
The company’s principal activity during the year was that of providing sport, recreation and cultural activities for the community particularly targeting the Black and Minority Ethnic (BME) community in the London Borough of Lewisham
The trustees take the day today responsibility for running the charity.
## **Development, activities and achievements**
The trustees consider that the performance of the charity this year has been most satisfactory.
## **Financial review**
Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the charity. Should this support not continue in the longer term, further financial support would need to be sought to replace it.
## **Risk Management**
The trustees actively review the major risk which the charity faces on a regular basis and believe that maintaining reserves at current levels, combined with an annual review of the controls over key financial systems, will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks faced by the charity and confirm that they have established systems to mitigate the significant risks.
Page 3 **Lewisham Sports Consortium**
Trustee's report for the year ended 30th November 2021
## **Reserves policy**
It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs. Unrestricted funds are maintained at least at this level throughout the year.
## **Statement of trustees' responsibilities**
Law applicable to charities in England Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the charity's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:
a) Select suitable accounting policies and apply them consistently;
b) make judgements and estimates that are reasonable and prudent;
c) state whether applicable accounting standards and statements of recommended practice have been followed, subject to many departures disclosed and explained in the financial statements;
d) prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping 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. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This project was approved by the trustees on 30 / 08 / 2022 and signed on their behalf by
Michael Garrick Trustee
## Page 4
## **Lewisham Sports Consortium**
## **Independent Examiner's Report**
Report to the trustees and members of Lewisham Sports Consortium
Charity No 1109468 The accounts for the year ended 30th November 2021 Set out on pages 4-6
## **Respective responsibilities of the trustees and examiner**
The Charity's trustees consider that an audit is not required for this year under s144 of the Charities Act 2011
(the Charities Act) and that an independent examination is needed
It is my responsibility to
* examine the accounts under s145 of the Charities Act,
* to follow the procedures laid down in the General Directions given by the Charity Commission (under s145(5)(b)
of the Charities Act) and
* to state whether particular matters have come to my attention.
## **Basis of independent examiner’s statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
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 , seeking explanation from you as trustees concerning any such matters. The procedures undertaken to not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on 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 s130 of the Charities Act;
- to prepare accounts which accord with the accounting records and comply with the accounting requirement 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.
Signed Dated: 30 / 08 / 2022
JRK Accountancy Services
279 Slade Green Road
Erith DA8 2JN
## Page 5 **Lewisham Sports Consortium**
## Statement of Financial Activities
For the year ended 30th November 2021
|**Notes**
Incoming resources
7
Charitable Activities
Fund Generation - Fund Raising
Grant
Donations
Total incoming resources
**Resources Expended**
Direct Charitable Expenditure:
8
Overheads
9
Total Resources Expended
Net Income resources for the year
Fund carried forward 30th November 2021|**Unrestricted**
**Fund**
**£**
39,170
2,680
-
894|**Restricted**
**Total**
**Total**
**Fund**
**2021**
**2020**
**£**
**£**
**£**
-
39,170
33,222
-
2,680
1,280
9,776
9,776
3,635
894
-|
|---|---|---|
||41,850|9,776
52,520
38,137|
||10,961
29,773|-
10,961
4,629
-
29,773
23,053|
||40,734|-
40,734
27,682|
||11,786
18,864|-
11,786
10,455
-
18,864
8,409|
||**30,650**|-
**30,650**
**18,864**|
There were no recognised gains or loss for the 2020 and 2021 other than included in the statement of financial activities
## Page 6 **Lewisham Sports Consortium**
|Charity No 1109468
Balance Sheet
30th November 2021
**Notes**
**2021**
**£**
**£**
**FIXED ASSETS**
4
-
**CURRENT ASSETS**
Debtors
5
567
Bank & cash
33,587
34,154
**CREDITORS**
Amounts falling due within one
year
Current Liabilities
6
3,504
3,504
Net Current Assets
30,650
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
30,650
**FUNDS OF THE CHARITY**
Retained surplus Brought
Forward
18,864
Surplus/ deficit for the year
11,786
Retained Carried Forward
30,650
Approved on 30 / 08 / 2022 and signed on behalf of the Trustees|**2020**
**£**
-
21,577
21,577
2,713
2,713|**£**
-
18,864|
|---|---|---|
|||18,864|
|||8,409
10,455|
|||18,864|
||||
By Mr Michael Anthony Garrick Trustee Member
Page 7 **Lewisham Sports Consortium**
## Notes to the Financial Statements
For the year ended 30th November 2021
## 1 Accounting policies
- 1.1 Accounting convention
The financial statements are prepared under historical cost convention and in accordance with The Financial Reporting Standard for Smaller Entities (FRSSE) (effective June 2002) and Statement of Recommended Practice (SORP 2005) and with the Charity Acts 2011
## Income
Income represent the total donation and gift excluding Value Added Tax , of income made during the year
- 1.3 Depreciation
Depreciation is not provided as no tangible fixed assets were held during the period.
- 2 Income
- The total income of the organization for the year has been derived from its principal
activity wholly undertaken in the UK
- 3 Operating surplus
||||
|---|---|---|
|3
Operating surplus
4
Fixed Assets
**Cost**
1st December 2020
Additions
At 30th November 2021
**Depreciation**
1st December 2020
Charge for the year
At 30th November 2021
**Net Book Values**
At 30th November 2021
At 30th November 2021|**2021**
£
11,786
Fixture
Fittings
equipment
-
-
-
-
-
-
-
-|**2020**
£
10,455|
|||Total
-
-|
|||-|
|||-
-|
|||-|
|||-|
|||-|
|Page 7 Contd….
5
Debtors
Sundry debtors
Total
6
Creditors amount falling due within one year
Sundry creditors
Total|**2021**
567
-
567
**2021**
£
3,504
3,504|**2020**
-
-|
|---|---|---|
|||-|
|||**2020**
£
2,713
2,713|
## Page 8 **Lewisham Sports Consortium**
## Notes to the Financial Statements
For the year ended 30th November 2021
## 7 **Incoming & Expenditure**
|Income:
Charitable Activities
Fund Generation - Fund Raising
Grant
Donations
Other Income Bank interest
Total incoming resources
8
**Direct Charitable Expenditure:**
Purchases
Charity shop expenses
Fundraising expenses
**Total**
**Gross Surplus/Deficit**
9
**Overheads**
Premises
Administration
Maintenance
Bank Charges
**Total**
**Net Surplus**
**Total resources expended**
**Surplus For The Year**|**Unrestricted**
**Restricted**
**Fund**
**Fund**
**£**
**£**
39,170
-
2,680
-
-
9,776
894
-|**Total**
**Total**
**2021**
**2020**
**£**
**£**
39,170
33,222
2,680
1,280
9,776
3,635
894
-|
|---|---|---|
||**42,744**
**9,776**|**52,520**
**38,137**|
||10,961
-
-
-
-
-|10,961
4,629
-
-
-
-|
||10,961
-|10,961
4,629|
||||
||31,783
-|41,559
33,508|
||-
-
29,773
-
-
-
-|-
-
29,773
23,053
-
-
-
-|
||29,773
-|29,773
23,053|
||||
||11,786
-|11,786
10,455|
||||
||**40,734**
-|**40,734**
**27,682**|
||**11,786**
-|**11,786**
**10,455**|