2024-03-31-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 2024

for

Sporting Foundation

Contents of the Financial Statements for the Year Ended 31 March 2024

	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 11
Detailed Statement of Financial Activities	12 to 13

Sporting Foundation

Reference and Administrative Details for the Year Ended 31 March 2024

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 Rhodeswell Rd London E14 7TW 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 2024

FINANCIAL REVIEW

Funds in Surplus

The charity received grants and donations totalling £261,417 (2023: 272,390). After payments of outgoing expenses totalling £258,479 (2023: £267,857), the charity was left with a surplus of £2,938 (2023: £4,533) 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 ......30-12-2024....................................... 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 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:

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: ...........02/01/2025..................................

Page 3

Sporting Foundation

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 1,440 Other trading activities 2 11,685 Total 13,125 EXPENDITURE ON Raising funds 3 5,787 Charitable activities Programmes & staff costs - Premises costs 14,071 Total 19,858 NET INCOME/(EXPENDITURE) (6,733) RECONCILIATION OF FUNDS Total funds brought forward 39,374 TOTAL FUNDS CARRIED FORWARD 32,641	Restricted fund £ 248,293 - 248,293 - 238,622 - 238,622 9,671 50,619 60,290	31.3.24 Total funds £ 249,733 11,685 261,418 5,787 238,622 14,071 258,480 2,938 89,993 92,931	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

The notes form part of these financial statements

Page 4

Sporting Foundation

Balance Sheet 31 March 2024

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	31.3.24 £ 38,388 43,000 12,343 93,731 (800) 92,931 92,931 92,931 32,641 60,290 92,931	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

The financial statements were approved by the Board of Trustees and authorised for issue on ..................30-12-2024........................... 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 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.

Page 6

continued...

Sporting Foundation

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

2. OTHER TRADING ACTIVITIES

League fees 3. RAISING FUNDS Raising donations and legacies Support costs	31.3.24 £ 11,685 31.3.24 £ 5,787	31.3.23 £ 19,450 31.3.23 £ 6,736

4. 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.

5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted fund £ INCOME AND ENDOWMENTS FROM Donations and legacies 3,016 Other trading activities 19,450 Total 22,466 EXPENDITURE ON Raising funds 6,736 Charitable activities Programmes & staff costs - Premises costs 7,411 Total 14,147 NET INCOME/(EXPENDITURE) 8,319	Restricted fund £ 249,924 - 249,924 - 253,710 - 253,710 (3,786)	Total funds £ 252,940 19,450 272,390 6,736 253,710 7,411 267,857 4,533

Page 7

continued...

Sporting Foundation

Notes to the Financial Statements - continued

for the Year Ended 31 March 2024

5.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES -
continued
Unrestricted
Restricted
fund
fund
£
£
RECONCILIATION OF FUNDS
Total funds brought forward
31,055
54,405
TOTAL FUNDS CARRIED FORWARD
39,374
50,619
6.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
£
Trade debtors
38,388
7.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24
£
Other creditors
800
8.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
31.3.24
Unrestricted
Restricted
Total
fund
fund
funds
£
£
£
Current assets
33,441
60,290
93,731
Current liabilities
(800)
-
(800)
32,641
60,290
92,931

Total
funds
£
85,460
89,993
31.3.23
£
38,388
31.3.23
£
1,300
31.3.23
Total
funds
£
91,293
(1,300)
89,993

Page 8

continued...

Sporting Foundation

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

9. MOVEMENT IN FUNDS

At 1.4.23 £ Unrestricted funds General fund 39,374 Restricted funds Restricted 50,619 TOTAL FUNDS 89,993 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 13,125 Restricted funds Restricted 248,293 TOTAL FUNDS 261,418 Comparatives for movement in funds At 1.4.22 £ Unrestricted funds General fund 31,055 Restricted funds Restricted 54,405 TOTAL FUNDS 85,460	Net movement in funds £ (6,733) 9,671 2,938 Resources expended £ (19,858) (238,622) (258,480) Net movement in funds £ 8,319 (3,786) 4,533	At 31.3.24 £ 32,641 60,290 92,931 Movement in funds £ (6,733) 9,671 2,938 At 31.3.23 £ 39,374 50,619 89,993

Page 9

continued...

Sporting Foundation

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

9. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds General fund Restricted funds Restricted TOTAL FUNDS	Incoming resources £ 22,466 249,924 272,390	Resources expended £ (14,147) (253,710) (267,857)	Movement in funds £ 8,319 (3,786) 4,533

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 1.4.22 in funds £ £ 31,055 1,586 54,405 5,885 85,460 7,471	At 31.3.24 £ 32,641 60,290 92,931

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 £ 35,591 498,217 533,808	Resources expended £ (34,005) (492,332) (526,337)	Movement in funds £ 1,586 5,885 7,471

Page 10

continued...

Sporting Foundation

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

10. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 March 2024.

Page 11

Sporting Foundation

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

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	31.3.24 £ 1,440 248,293 249,733 11,685 261,418 587 37,064 64,084 22,296 1,000 476 115,178 240,685 794 125 13,630 338 799 6 103 15,795 2,000	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

This page does not form part of the statutory financial statements

Page 12

Sporting Foundation

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

Detailed Statement of Financial Activities for the Year Ended 31 March 2024
Total resources expended Net income	31.3.24 £ 258,480 2,938	31.3.23 £
		267,857
		4,533

This page does not form part of the statutory financial statements

Page 13