**REGISTERED CHARITY NUMBER: 1109835**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
## **FOR**
## **FUTURE STARS**
Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ
**FUTURE STARS**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|9|
|**Detailed Statement of Financial Activities**||10||
**FUTURE STARS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 August 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**
## **Objectives and aims**
To provide basketball and other sport related opportunities for underprivileged youth.
To advance the education of children and young persons by providing sporting facilities, coaching facilities and opportunities for playing basketball and other sport.
To provide and assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation for individuals who have need of such facilities by reason of their youth, age, sex, infirmity or disablement, financial hardship or social circumstances with the object of improving their conditions of life and of reducing social exclusion.
To provide training opportunities to support young people achieve a number of sport and leisure related qualifications.
Our own sports club London United Basketball Club allows us to provide specialist coaching provision for our programmes. We also have extensive links with a variety of sports organisations, educational institutions and government bodies allowing us to provide highly flexible tailored programmes to meet a wide range of specific needs.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This financial year has seen further growth in our provision through income generated mainly through partnerships with academic institutions, grants received for specific actions and membership to cover coaching provisions. The charity is delivering actions ranging from grassroots programmes in schools throughout the London Boroughs local to our operations. projects to reduce social isolation, and actions promoting elite-level international competitions in a range of sports. Provision has expanded to widen the reach of our projects with a special emphasis on raising both the athletic and academic achievement of young people. This period has seen further expansion of our disability programmes including provision for young people with a wide range of learning and or physical needs.
The charity receives funding, mainly from educational bodies, in order to operate and deliver on its charitable objectives. The charity is very much dependent upon this revenue and budgets accordingly around the expected funding levels.
## **FINANCIAL REVIEW**
## **Financial position**
The charity is wholly reliant upon grant making bodies, predominantly from the educational sector, and hence operates on a very lean basis without the ability to retain much by way of reserves.
## **Principal funding sources**
The charity predominantly receives funding from grant making bodies from the educational sector. In addition to this the charity received funding from lottery funded bodies.
## **Reserves policy**
The reserves are represented by money held at normal bank current accounts. The charity very much depends upon grant bodies to sustain the delivery of its charitable objectives. As such therefore the charity is unable to retain funds to a degree that would otherwise remove this dependency. We continue to see a persistent increase in the demand for the services that we offer which we have continued to expand and grow.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Constitution adopted 04 April 2005 as amended on 14 May 2009 as amended on 08 August 2017.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1109835
Page 1
**FUTURE STARS**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024**
## **Principal address**
32 Riverside Close Kingston upon thames Surrey KT1 2JF
## **Trustees**
Z Majewski M Chambers (resigned 1.1.25) L F C Galindo B Madej A Lebediev K Knutson (appointed 30.12.24)
## **Independent Examiner**
Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ
Approved by order of the board of trustees on ......... 28.06.2025........................ and signed on its behalf by:
................................................................................ Z Majewski - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF FUTURE STARS**
## **Independent examiner's report to the trustees of Future Stars**
I report to the charity trustees on my examination of the accounts of Future Stars (the Trust) for the year ended 31 August 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 Institute of Chartered Accountants in England and Wales, 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.
## Jonathan Addison FCA
Collards Chartered Accountants 5-9 Eden Street Kingston-upon-Thames Surrey KT1 1BQ 27 June 2025 Date: .............................................
Page 3
## **FUTURE STARS**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**10,849**
**Charitable activities**
Sport related
**225,847**
**Total**
**236,696**
**EXPENDITURE ON**
**Charitable activities**
Sport related
**204,029**
Other
**487**
**Total**
**204,516**
**NET INCOME**
**32,180**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**7,184**
**TOTAL FUNDS CARRIED FORWARD**
**39,364**|Restricted
funds
£
**-**
**18,007**
**18,007**
**18,007**
**-**
**18,007**
**-**
**-**
**-**|**2024**
**Total**
**funds**
**£**
**10,849**
**243,854**
**254,703**
**222,036**
**487**
**222,523**
**32,180**
**7,184**
**39,364**|2023
Total
funds
£
-
195,049
195,049
172,379
648
173,027
22,022
(14,838)
7,184|
|---|---|---|---|
The notes form part of these financial statements
Page 4
## **FUTURE STARS**
## **BALANCE SHEET 31 AUGUST 2024**
|||||**2024**|2023|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|**Total**|Total|
|||fund|funds|**funds**|funds|
||Notes|£|£|**£**|£|
|**CURRENT ASSETS**||||||
|Debtors|5|**21,525**|**-**|**21,525**|-|
|Cash at bank||**52,557**|**-**|**52,557**|66,787|
|||**74,082**|**-**|**74,082**|66,787|
|**CREDITORS**||||||
|Amounts falling due within one year|6|**(29,318)**|**-**|**(29,318)**|(47,003)|
|**NET CURRENT ASSETS**||**44,764**|**-**|**44,764**|19,784|
|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**TOTAL ASSETS LESS CURRENT LIABILITIES**|**44,764**|**-**|**44,764**|19,784|
|**CREDITORS**||||||
|Amounts falling due after more than one year|7|**(5,400)**|**-**|**(5,400)**|(12,600)|
|**NET ASSETS**||**39,364**|**-**|**39,364**|7,184|
|**FUNDS**|9|||||
|Unrestricted funds||||**39,364**|7,184|
|**TOTAL FUNDS**||||**39,364**|7,184|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Z Majewski - Trustee
The notes form part of these financial statements
Page 5
**FUTURE STARS**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 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.
## **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.
## **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.
## **2. DONATIONS AND LEGACIES**
## **3.**
|Donations
**TRUSTEES' REMUNERATION AND BENEFITS**
Trustees' salaries
Trustees' social security
Trustees' pension contributions to defined benefit schemes|**2024**
**£**
**10,849**
**2024**
**£**
**22,000**
**504**
**473**
**22,977**|2023
£
-|
|---|---|---|
|||2023
£
18,333
293
363|
|||18,989|
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 August 2024 nor for the year ended 31 August 2023.
Page 6
continued...
**FUTURE STARS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **4. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||||**2024**|2023|
|---|---|---|---|---|
||Administration and coaching||**3**|3|
||No employees received emoluments in excess of £60,000.||||
|**5.**|**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||**2024**|2023|
||||**£**|£|
||Prepayments and accrued income||**21,525**|-|
|**6.**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||
||||**2024**|2023|
||||**£**|£|
||Bank loans and overdrafts (see note 8)||**7,200**|7,200|
||Taxation and social security||**160**|11,200|
||Other creditors||**21,958**|28,603|
||||**29,318**|47,003|
|**7.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN**|**ONE YEAR**|||
||||**2024**|2023|
||||**£**|£|
||Bank loans (see note 8)||**5,400**|12,600|
|**8.**|**LOANS**||||
||An analysis of the maturity of loans is given below:||||
||||**2024**|2023|
||||**£**|£|
||Amounts falling due within one year on demand:||||
||Bank loans||**7,200**|7,200|
||Amounts falling between one and two years:||||
||Bank loans - 1-2 years||**5,400**|12,600|
|**9.**|**MOVEMENT IN FUNDS**||||
||||Net||
||||movement|At|
|||At 1.9.23|in funds|31.8.24|
|||£|£|£|
||**Unrestricted funds**||||
||General fund|**7,184**|**32,180**|**39,364**|
||**TOTAL FUNDS**|**7,184**|**32,180**|**39,364**|
continued...
Page 7
## **FUTURE STARS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **9. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Holiday Activity Fund
Go London
**TOTAL FUNDS**|Incoming
resources
£
**236,696**
**6,424**
**11,583**
**18,007**
**254,703**|Resources
Movement
expended
in funds
£
£
**(204,516)**
**32,180**
**(6,424)**
**-**
**(11,583)**
**-**
**(18,007)**
**-**
**(222,523)**
**32,180**|Resources
Movement
expended
in funds
£
£
**(204,516)**
**32,180**
**(6,424)**
**-**
**(11,583)**
**-**
**(18,007)**
**-**
**(222,523)**
**32,180**|
|---|---|---|---|
||||**-**|
||||**32,180**|
## **Comparatives for movement in funds**
|At 1.9.22
£
**Unrestricted funds**
General fund
(14,838)
**TOTAL FUNDS**
(14,838)
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
195,049
**TOTAL FUNDS**
195,049
A current year 12 months and prior year 12 months combined position is as follows:
At 1.9.22
£
**Unrestricted funds**
General fund
(14,838)
**TOTAL FUNDS**
(14,838)|Net
movement
At
in funds
31.8.23
£
£
22,022
7,184
22,022
7,184
Resources
Movement
expended
in funds
£
£
(173,027)
22,022
(173,027)
22,022
Net
movement
At
in funds
31.8.24
£
£
54,202
39,364
54,202
39,364|Net
movement
At
in funds
31.8.23
£
£
22,022
7,184
22,022
7,184
Resources
Movement
expended
in funds
£
£
(173,027)
22,022
(173,027)
22,022
Net
movement
At
in funds
31.8.24
£
£
54,202
39,364
54,202
39,364|Net
movement
At
in funds
31.8.23
£
£
22,022
7,184
22,022
7,184
Resources
Movement
expended
in funds
£
£
(173,027)
22,022
(173,027)
22,022
Net
movement
At
in funds
31.8.24
£
£
54,202
39,364
54,202
39,364|
|---|---|---|---|
|||22,022||
|||At
31.8.24
£
39,364
39,364||
||||39,364|
continued...
Page 8
**FUTURE STARS**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024**
## **9. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
Holiday Activity Fund
Go London
**TOTAL FUNDS**|Incoming
resources
£
431,745
6,424
11,583
18,007
449,752|Resources
Movement
expended
in funds
£
£
(377,543)
54,202
(6,424)
-
(11,583)
-
(18,007)
-
(395,550)
54,202|Resources
Movement
expended
in funds
£
£
(377,543)
54,202
(6,424)
-
(11,583)
-
(18,007)
-
(395,550)
54,202|
|---|---|---|---|
||||-|
||||54,202|
## **10. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 August 2024.
Page 9
## **FUTURE STARS**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2024**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
**Charitable activities**
Basketball Club Subscriptions
John Lyons Charity
Events
Grants
Other income
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Trustees' salaries
Trustees' social security
Trustees' pension contributions
Coaching salaries
Social security
Pensions
Sport Programme Delivery and Provision
Event costs
Game travel & subsistence
**Other**
Bank loan interest
Bank charges
**Support costs**
**Management**
Meeting expenses
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net income**|2024
£
**10,849**
**10,508**
**20,417**
**31,077**
**168,652**
**13,200**
**243,854**
**254,703**
**22,000**
**504**
**473**
**42,485**
**1,284**
**1,073**
**99,422**
**39,905**
**11,950**
**219,096**
**416**
**71**
**487**
**-**
**2,940**
**222,523**
**32,180**|2023
£
-
16,708
52,233
4,659
119,240
2,209|
|---|---|---|
|||195,049|
|||195,049
18,333
293
363
56,565
1,603
1,302
86,802
-
4,563|
|||169,824
592
56|
|||648
155
2,400|
|||173,027|
|||22,022|
This page does not form part of the statutory financial statements
Page 10