2023-03-31-accounts - Sporting Foundation

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REGISTERED CHARITY NUMBER: 1110461

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Sporting Foundation

Contents of the Financial Statements for the Year Ended 31 March 2023

	Page
Reference and Administrative Details	1
Report of the Trustees	2
Independent Examiner's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 to 10
Detailed Statement of Financial Activities	11

Sporting Foundation

Reference and Administrative Details for the Year Ended 31 March 2023

TRUSTEES Zakir Khan Chairman Khayrul Alam Vice-Chairman Jamal Hussain General secretary Akrom Miah Treasurer Manik Miah SB Academy Co-Ordinator Shakil Rahman Media & Publicity Anamul Hoque CFL Chairman Mohammed Fayaz Uddin Assist. Secretary PRINCIPAL ADDRESS Mile End Stadium Stadium, Rhodeswell Rd London E14 4LY REGISTERED CHARITY 1110461 NUMBER INDEPENDENT EXAMINER Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

Page 1

Sporting Foundation

Report of the Trustees

for the Year Ended 31 March 2023

FINANCIAL REVIEW

Funds in surplus

The charity received grants and donations totalling £272,390 (2022: £234,142) . After payments of outgoing expenses totalling £267,857 (2022: £233,738), the charity was left with a surplus of £4,533 (2022: surplus of £404) for the year.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Approved by order of the board of trustees on 20 December 2023 and signed on its behalf by:

Zakir Khan - Trustee

Page 2

Independent Examiner's Report to the Trustees of Sporting Foundation

Independent examiner's report to the trustees of Sporting Foundation

I report to the charity trustees on my examination of the accounts of Sporting Foundation (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').

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 ERROR - relevant professional body must be completed, 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:

accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
the accounts do not accord with those records; or
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.

Askir Ali

Quilfords Limited Chartered Certified Accountants 113 Romford Road London E15 4LY

Date: 23/01/2024

Page 3

Sporting Foundation

Statement of Financial Activities for the Year Ended 31 March 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies Other trading activities 2 Total EXPENDITURE ON Raising funds 3 Charitable activities Programmes & staff costs Premises costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted fund £ 3,016 19,450 22,466 6,736 - 7,411 14,147 8,319 31,055 39,374	Restricted fund £ 249,924 - 249,924 - 253,710 - 253,710 (3,786) 54,405 50,619	31.3.23 Total funds £ 252,940 19,450 272,390 6,736 253,710 7,411 267,857 4,533 85,460 89,993	31.3.22 Total funds £ 201,722 32,420 234,142 4,580 224,392 4,766 233,738 404 85,056 85,460

The notes form part of these financial statements

Page 4

Sporting Foundation

Balance Sheet 31 March 2023

Notes CURRENT ASSETS Debtors 6 Prepayments and accrued income Cash at bank CREDITORS Amounts falling due within one year 7 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 9 Unrestricted funds Restricted funds TOTAL FUNDS	31.3.23 £ 38,388 23,000 29,905 91,293 (1,300) 89,993 89,993 89,993 39,374 50,619 89,993	31.3.22 £ 38,388 - 48,512 86,900 (1,440) 85,460 85,460 85,460 31,055 54,405 85,460

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:

Zakir Khan - Trustee

Akrom Miah - Trustee

The notes form part of these financial statements

Page 5

Sporting Foundation

Notes to the Financial Statements for the Year Ended 31 March 2023

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.

Page 6

continued...

Sporting Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

2. OTHER TRADING ACTIVITIES

League fees 3. RAISING FUNDS Raising donations and legacies Support costs	31.3.23 £ 19,450 31.3.23 £ 6,736	31.3.22 £ 32,420 31.3.22 £ 4,580

4. 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.

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted
fund
fund
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
270
201,452
Other trading activities
32,420
-
Total
32,690
201,452
EXPENDITURE ON
Raising funds
4,580
-
Charitable activities
Programmes & staff costs
-
224,392
Premises costs
4,766
-
Total
9,346
224,392
NET INCOME/(EXPENDITURE)
23,344
(22,940)
RECONCILIATION OF FUNDS
Total funds brought forward
7,711
77,345

Total
funds
£
201,722
32,420
234,142
4,580
224,392
4,766
233,738
404
85,056

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continued...

Sporting Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

5.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
		Unrestricted		Restricted	Total
			fund	fund	funds
			£	£	£
	TOTAL FUNDS CARRIED
	FORWARD		31,055	54,405	85,460
6.	DEBTORS: AMOUNTS FALLING	DUE WITHIN ONE YEAR
				31.3.23	31.3.22
				£	£
	Trade debtors			38,388	38,388
7.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.3.23	31.3.22
				£	£
	Other creditors			1,300	1,440
8.	ANALYSIS OF NET ASSETS BETWEEN FUNDS
				31.3.23	31.3.22
		Unrestricted Restricted		Total	Total
		fund	fund	funds	funds
		£	£	£	£
	Current assets	40,674	50,619	91,293	86,900
	Current liabilities	(1,300)	-	(1,300)	(1,440)
		39,374	50,619	89,993	85,460
9.	MOVEMENT IN FUNDS
				Net
				movement	At
			At 1.4.22	in funds	31.3.23
			£	£	£
	Unrestricted funds
	General fund		31,055	8,319	39,374
	Restricted funds
	Restricted		54,405	(3,786)	50,619
	TOTAL FUNDS		85,460	4,533	89,993

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continued...

Sporting Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
22,466
(14,147)
Restricted funds
Restricted
249,924
(253,710)
TOTAL FUNDS
272,390
(267,857)
Comparatives for movement in funds
Net
movement
At 1.4.21
in funds
£
£
Unrestricted funds
General fund
7,711
23,344
Restricted funds
Restricted
77,345
(22,940)
TOTAL FUNDS
85,056
404
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
32,690
(9,346)
Restricted funds
Restricted
201,452
(224,392)
TOTAL FUNDS
234,142
(233,738)

Movement
in funds
£
8,319
(3,786)
4,533
At
31.3.22
£
31,055
54,405
85,460
Movement
in funds
£
23,344
(22,940)
404

Page 9

continued...

Sporting Foundation

Notes to the Financial Statements - continued for the Year Ended 31 March 2023

9. MOVEMENT IN FUNDS - continued

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

Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS	Net movement At 1.4.21 in funds £ £ 7,711 31,663 77,345 (26,726) 85,056 4,937	At 31.3.23 £ 39,374 50,619 89,993

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 Restricted TOTAL FUNDS	Incoming resources £ 55,156 451,376 506,532	Resources expended £ (23,493) (478,102) (501,595)	Movement in funds £ 31,663 (26,726) 4,937

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2023.

Page 10

Sporting Foundation

Detailed Statement of Financial Activities for the Year Ended 31 March 2023 INCOME AND ENDOWMENTS Donations and legacies Donations Grants Other trading activities League fees Total incoming resources EXPENDITURE Support costs Human resources Telephone Project expense Sporting Bengal Tournament expense Training & consultancy Website cost Professional fee Other Insurance Postage and stationery Rent & rates Office expense Subscriptions Travel Service charge Governance costs Accountancy and legal fees Total resources expended Net income	31.3.23 £ 3,016 249,924 252,940 19,450 272,390 502 48,021 29,498 27,567 2,090 349 148,624 256,651 776 - 6,895 450 1,219 - 66 9,406 1,800 267,857 4,533	31.3.22 £ 270 201,452 201,722 32,420 234,142 613 49,805 18,850 40,199 442 173 115,538 225,620 771 270 4,212 408 481 30 146 6,318 1,800 233,738 404

This page does not form part of the statutory financial statements

Page 11