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2023-03-31-accounts

Solidarity Sports Trustees’ Report and Financial Statements For the year ended

31 March 2023

Charity No 1123589

Year ended 31 March 2023

TABLE OF CONTENTS TABLE OF CONTENTS
TABLE OF CONTENTS 1
CHARITY INFORMATION 2
PARTNERS 3
TRUSTEES’ REPORT 4
1.
OBJECTIVES & ACTIVITIES		 4
Objectives 4
Organisational background 4
Beneficiaries 5
2.
ACHIEVEMENTS AND IMPACT		 6
Holiday Projects 6
Summer 2022 7
Family Support 9
Mentoring 10
3.
ORGANISATIONAL GROWTH		 11
Office Refurbishment & Launch 11
Fundraising 11
Volunteers 12
4.
Structure, governance and management		 13

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Year ended 31 March 2023 Trustees’ Report

CHARITY INFORMATION

Trustees Dr Melernie Meheux Mr Edward Harvey Mr Ramzi Rafih Mr Hassan Laroussi Mr Alain Mandy Ms Una McGuiness Dr Wajma Torkmani Mr Liam Mahoney CEO Mr Sean Mendez Charity Registration Number 1123589 Registered Office Seven Stars 253 North End Road London W14 9NS Bankers HSBC 92 Kensington High Street London W8 4SH Independent Examiners Bannerman Johnstone Maclay Ltd 213 St. Vincent Street Glasgow G2 5QY Resigned April 2023 *Appointed March 2023

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Year ended 31 March 2023 Trustees’ Report

PARTNERS

3

Year ended 31 March 2023 Trustees’ Report

TRUSTEES’ REPORT

The trustees present their report and financial statements for the year ended 31 March 2023.

1. OBJECTIVES & ACTIVITIES

Objectives

The charity nurtures the well-being of children in West London who are recovering from severe trauma. Our aim is to deliver happiness through participation in healthy and stimulating activities.

Specific objectives are to:

Organisational background

Solidarity Sports was founded on the belief that every child deserves happiness.

Established in 2007, we started out as an after-school football club. Since then, we have evolved beyond just sports, adding healthy eating initiatives, arts, educational group trips, mentorship programs, and holidays in the UK and abroad.

The glue that binds our programmes together is a commitment to creating a safe, open-minded, inclusive, and loving environment where children can play together and create happy memories.

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Year ended 31 March 2023 Trustees’ Report

Beneficiaries

Our services and activities are tailored for children, aged between 5 to 17 years, who face multiple disadvantages and have experienced complex trauma. We receive 95% of referrals from Social Services, who entrust us to care for the most vulnerable children in these boroughs.

Many of our children face difficulties at school, making friends or struggling to regulate themselves and express emotions due to adverse experiences. Their cognitive and social development is impacted by chronic trauma, including abuse, abandonment, displacement, and bereavement. We also care for children who have Special Educational Needs, including those with Autism.

Over 96% of our families live in social housing, often of such poor quality that children’s health and development is compromised. Eighty-five percent (85%) of our children speak English as an additional language. It is common for children to bear the burden of translating and communicating on behalf of their parents. Eighty-six percent 86% of children are from minority ethnic backgrounds.

Forty-five percent (45%) of our children live in London’s richest borough, Kensington and Chelsea (RBKC). Three wards in the borough fall in the three ‘most deprived’ deciles, according to the English Index of Multiple Deprivation, whilst three wards are in the ‘least deprived’ deciles. Our children live and grow up in a hugely disparate region of London, where there is a 22-year difference in life expectancy between the richest and poorest ward ( Figure 1 ).

(Figure 1: English Index of Multiple Deprivation, rebased for London. Source, Trust for London)

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Year ended 31 March 2023 Trustees’ Report

  1. ACHIEVEMENTS AND IMPACT

Holiday Projects

During school holidays, children join us for a range of stimulating and enriching activities across London. Trips enable children to explore the city they live in, engage in daily physical activities, develop friendships, and create happy memories.

In the past year, we continued to expand our reach to meet the increasing demand for our services. We increased provision from two locations to four, now delivering activities across Hammersmith, Shepherds Bush, Notting Hill, and Earls Court, simultaneously.

Our children’s safety remains our priority during trips, and we have continued to maintain our unique ratio of 1 adult to every 2 children, throughout projects.

Between April 2022 and March 2023, we delivered trips during Easter, May Half Term, Summer, October Half Term, Christmas, and February Half Term.

“My children always love it when they attend during the holidays. The Solidarity Sports Team has provided them adventures and trips to places I have not been able to take them to, for that I am grateful… because of these experiences they never feel left out.”

Parent of two children who attended our Easter Holiday activities

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Year ended 31 March 2023 Trustees’ Report

Table below shows the number of children and volunteers engaged in school holiday activities between 2022/23.

Holiday Projects 2022-23 Children Volunteers
Easter 2022 92 63
May Half Term 2022 92 63
Summer 2022 123 151
October Half Term 2022 116 82
Christmas 2022 121 140
February 2023 106 109

Activities and Impact (continued)

Summer 2022

We were thrilled to return to Westway Sports Centre for the first week of the project. Many of our children are sedentary in their home lives, which we aim to counteract by offering at least four hours of physical activity every day during the summer holidays.

New partnerships with Holland Park school (Kensington) and Latymer Upper school (Hammersmith) facilitated opportunities for children during the summer project. For three weeks we were based at Holland Park school, with access to tennis courts, football pitches and art rooms. Latymer Upper school offered free swimming lessons every week for our children, delivered by professional swim coaches. Our continued partnership with the Holidays and Food programme (HAF) with Let Me Play (LMP) remained crucial for children experiencing food insecurity to access a daily hot meal and healthy snacks whilst attending our activities. In just four weeks, we provided 1,200 nutritious hot lunches to our children aged 5 to 15 years old.

Feedback collected in the last week revealed 98% of children felt safe with us, 60% reported they would not change anything during summer and 78% children scored the summer project 5 stars (between 1 to 5).

“My time with Solidarity Sports has been so much more than I could have ever asked for. The team's generosity, kindness and care are incomparable. Being able to work with and make a difference to children filled with enthusiasm, kindness, and excitement is a rewarding privilege that I am grateful for each day.”

Nura, former volunteer and current staff member

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Year ended 31 March 2023 Trustees’ Report

For our summer residential trip, we increased capacity due to additional funding awarded to us from RBKC through the Grenfell Projects Fund (Round 2). We returned to PGL, Isle of Wight, with 30 children. PGL remains life-changing and is very special since for many of our children this is their first time away from home.

"The giant swing was so high! I was a little scared but mostly excited. It made me so happy because it was something I’d never tried before, and it gave me a rush."

Girl, aged 9

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Year ended 31 March 2023

Trustees’ Report

Activities and Impact (continued)

Family Support

In the past 12 months we have continued to expand our holistic family support services. By providing practical and emotional support to parents/carers, we aim to improve mental wellbeing, reduce loneliness, and strengthen familial relationships; ultimately, making home a better and safer place for our children. Whilst many families we worked with were recovering from the effects of the pandemic, the cost-of-living crisis posed a greater threat to housing, physical and mental health, and food insecurity.

Funds raised from our winter cost-of-living campaign and small grants were used to offer practical support for families living in destitution, temporary accommodation and those experiencing high levels of debt. We purchased specific one-off items, such as fridges for asylum seekers living in temporary hotel accommodation. Throughout the winter, our team frequently ‘topped-up’ electricity and gas metres to allow families to keep the heating and lights on. This was accompanied by advocacy aimed to provide long-term solutions to housing disrepair by facilitating communications between housing associations, councils, debt companies and sought support from local MPs and councillors.

An important area of our family support work includes making referrals onto organisations, who can deliver specialist advice on issues pertaining to housing, therapy, immigration, and family law matters. Our non-judgemental approach with families commonly seen as ‘hard-to-reach’ has enabled very vulnerable carers to be referred onto food banks, legal-aid, therapy, and debt-relief organisations who have provided effective advice and support.

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Year ended 31 March 2023

Trustees’ Report

Mentoring

Children engaged in our mentoring programme benefit from weekly mentoring for a minimum of six months. Mentors receive training prior to being placed with a child and receive clinical supervision from our Family and Safeguarding Lead. Children are often referred to our mentoring programme if struggling with traumatic and stressful experiences. Many mentees have very low confidence, not feel worthy of attention, or have additional caring responsibilities at home. Each week an activity is planned in the community, such as visiting a museum, park, city farm or art trip, like pottery. This programme has resulted in the de-escalation of children on child protection and child-in-need plans with Social Services.

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Year ended 31 March 2023 Trustees’ Report

  1. ORGANISATIONAL GROWTH

This was the first year where Covid-19 did not disrupt our activities, meaning a permanent return to in-person support for all projects. In the past 3 years we have grown rapidly as an organisation, increasing from two project locations to four and from no permanent office space to a huge 3,000 square foot building, leased for five years. There were changes to our staff team with our Development Manager returning to full-time study in September 2022, along with the welcome addition of a full time Fundraising Officer and part time Admin Support. We also continued ramping up volunteer partnerships with corporate organisations, increasing volunteer numbers for another year in a row.

Office Refurbishment & Launch

We settled into our new office space in West Kensington and made huge progress with the refurbishment and design project, led by a staff member and volunteer. The aim for our new office was to have a dedicate children and family section, for our weekly under 5’s group and after-school club. We required another section to be a functioning workspace for staff members, a place for meetings and a kitchen. The design project involved consultations with our children, volunteers, and staff, including the invaluable support from our ambassador, Fiona Humberstone. Renovations took place over the summer of 2022, and we now could not imagine Solidarity Sports without this space!

Fundraising

Solidarity Sports endeavours to grow income from trusts and foundations. We also invest our efforts in individual giving campaigns to garner long-term support from donors. Our income from trusts and foundations grew by roughly 106% from £155,727 the previous year to £320,483.

Regular giving remains a priority area for individual giving and improving our fundraising sustainability. After multiple event cancellations due to the Coronavirus pandemic, we were finally able to celebrate the ‘relaunch’ of our regular-giving campaign, Memory Makers , in December 2022. Still, growing this campaign remains a challenge, outside of delivery projects as this is a time when we have less face-to-face contact with volunteers and partners. In the past we have relied upon personal networks and the local community, which requires us to pursue innovative fundraising campaigns to effectively grow the campaign in the coming year.

The charity ran several successful individual-giving campaigns, attracting one-time donors, to address the increasing cost-of-living crisis which is negatively impacting our families. Over an eightweek period, we raised £50,000 from online donations to support families with heating bills, school uniforms, food, and other essentials. We were also a recipient of the joint Evening Standard and The Childhood Trust’s ‘On the Breadline’ campaign, being awarded £50,000 to sustain crucial family support. We also participated in Champions for Children, for another year, garnering social media support for the match-funding campaign, with funds dedicated to running our school holiday projects.

Finally, our corporate partnerships have continued to strengthen, particularly with BNP Paribas, Sky UK and Smart Currency Exchange. In addition to financial donations, we have been able to organise competitions for children, family hampers, games for children, vitamins and one-off items for families.

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Year ended 31 March 2023

Trustees’ Report Volunteers

This year, we worked with 296 volunteers and 123 corporate volunteers. Our coaches are supported by volunteers, mostly aged between 16-25. From the year before, general volunteer figures have increased by 44% and corporate volunteers by over 250%.

Volunteers are the lifeblood of the organisation; they are vital in maintaining our unique 1:2 adultto-child ratio that sets us apart from other organisations. The passion and enthusiasm volunteers bring to our projects contributes positive energy and an invaluable ‘fun element’. Many of our existing volunteers have grown up in the same communities as our children. Volunteers are recruited through universities, corporate partnerships, local colleges/sixth forms, and individual enquiries through social media. We attract most volunteers via word-of-mouth.

It is mandatory for all volunteers to have an up-to-date enhanced DBS check. All volunteers are required to attend our specialist in-house Child Safeguarding training, where they learn about attachment styles, how to spot signs of abuse, and how to understand the broad spectrum of needs our children have. Volunteers are encouraged to attend advanced training where available.

Sustaining the flow of volunteers and retaining existing volunteers is key to the future of Solidarity Sports. Widening our network of corporate partnerships has in-turn increased volunteer numbers and often volunteers return and sign-up outside of work. So far, this has worked well for our projects. Over the next year we will need to ensure groups have a good balance of experienced volunteers and a small number of corporate volunteers who cannot provide the same level of consistency as our other volunteers.

Professional volunteers have continued to provide specialist guidance through the year, saving the organisations tens of thousands of pounds. These individuals have supported on key tasks including copywriting, website management, accounting, videography, governance, and bid writing

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Year ended 31 March 2023 Trustees’ Report

  1. Structure, governance and management

Trustees act in a voluntary capacity. They are selected and approved by the Board of Trustees for the respective contributions each trustee can make, in support of Solidarity Sports in meeting its objectives.

All board members complete an induction process to ensure they are fully aware of their responsibilities. They are encouraged to take further development training as appropriate and available.

The Board meets quarterly during the year to discuss and oversee the governance of the organisation. Meetings follow an agreed agenda including reviews of the annual budget, management accounts, business plan, reviews of operational and financial performance, staffing, project work, plus additional specific items as required.

Solidarity Sports has a committed team that has continued to grow in the past year. Between April 2022 to March 2023, we employed 6 full time and 18 part time staff (including well-being coaches).

Well-being coaches lead delivery across all of our projects. All our coaches joined as volunteers before progressing to paid staff and 32% joined us as child participants in our programmes.

13

SOLIDARITY SPORTS Year ended 31 March 2023 Trustees, Report 'Il 6u£ 14

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

SOLIDARITY SPORTS

Bannerman Johnstone Maclay 213 St Vincent Street Glasgow G25QY

SOLIDAIUTY SPORTS CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDKD 31 MARCH 2023 Page Report of the Trustee8 Independent ExAmlner's Report Stx¢em¢nt of FinAn¢i#l Activities Balance Sheet Cish Flow Statement Notes to the Cash Flow Statement Notes to the FinindAI Statements 7 to 14 Detalled Statement of Flnanclal Actlvltles 15 to 16

SOLIDARITY SPORTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

The trustees present their report with the financial statements of the charity for the year ended 31 March 2023. 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 oflreland (FRS 102) (effective 1 January 2019).

FINANCIAL REVIEW Reserves policy

General reserves are carried forward to future periods, and may be expended in accordance with the charity's Trust Deed as the Trustees decide.

Income from restricted sources is expended in the year to which it relates. Any surplus remaining at the end of the year is carried forward to the next financial year. In the year ended 31 March 2023, the restricted expenditure exceeded mcome for those purposes by £24,655 (2022: £14,305) and this deficit was met by restricted funds carried forward.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

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

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1123589

Principal address

253 North End Road London W14 9NS

Trustees

E Harvey (resigned 30.4.23) DrMMeheux Ms U McGuinness H Laroussi A Mandy Dr W Torkmani (appointed 29.3.23) L Mahoney (appointed 29.3.23)

Independent Examiner

Bannerman Johnstone Maclay 213 St Vincent Street Glasgow G2 5QY

Approved by order of the board of trustees on 11 January 2024 and signed on its behalf by:

Dr. M. Meheux, Trustee

Page 17

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF SOLIDARITY SPORTS

Independent examiner's report to the trustees of Solidarity Sports

I report to the charity trustees on my examination of the accounts of Solidarity Sports (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 ofmy 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 of Scotland, 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.

Douglas Paton BSc CA

The Institute of Chartered Accountants of Scotland

Bannerman Johnstone Maclay 213 St Vincent Street Glasgow G2 5QY

11 January 2024

Page 18

SOLIDARITY SPORTS

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
Restricted
fnd
fnds
Notes
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
431,402
151,801
Investment income
3
Total
431,402
151,801
EXPENDITURE ON
Charitable activities
4
Charitable activities
199,031
108,983
Other
140,703
67,473
Total
339,734
176,456
NET INCOME/(EXPENDITURE)
91,668
(24,655)
RECONCILIATION OF FUNDS
Total fnds brought frward
263,916
39,036
TOTAL FUNDS CARRIED FORWARD
355,584
14,381		 2023
Total
fnds
£
583,203
583,203
308,014
208,176
516,190
67,013
302,952
369,965		 2022
Total
fnds
£
374,398
19
374,417
223,767
127,216
350,983
23,434
279,518
302,952

The notes form part of these financial statements

Page 19

SOLIDARITY SPORTS

BALANCE SHEET 31 MARCH 2023

FIXED ASSETS
Tangible assets
CURRENT ASSETS
Debtors
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted fnds
Restricted fnds
TOTAL FUNDS
Unrestricted
fnd
Notes
£
9
10,295
10
13,808
357,376
371,184
11
(25,895)
345,289
355,584
355,584
12		 Restricted
fnds
£
14,381
14,381
14,381
14,381
14,381		 2023
2022
Total
Total
fnds
fnds
£
10,295
330
13,808
11,144
371,757
312,395
385,565
323,539
(25,895)
(20,917)
359,670
302,622
369,965
302,952
369 965
302,952
355,584
263,916
14,381
39,036
369,965
302,952

The financial statements were approved by the Board of Trustees and authorised for issue on 11 January 2024 and were signed on its behalf by:

Trustee

The notes form part of these financial statements

Page20

SOLIDARITY SPORTS

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

Notes
Cash fows fom operating activities
Cash generated fom operations
Net cash provided by operating activities
Cash fows fom investing activities
Purchase of tangible fxed assets
Interest received
Net cash (used in)/provided by 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		 2023
£
72,424
72,424
(13,062)
(13,062)
59,362
312,395
371,757
2022
£
20,273
20,273
19
19
20,292
292,103
312,395

The notes form part of these financial statements

Page 21

SOLIDARITY SPORTS

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES OPERATING ACTIVITIES
2023 2022
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 67,013 23,434
Adjustments for:
Depreciation charges 3,097 1,990
Interest received (19)
Increase in debtors (2,664) (8,074)
Increase in creditors 4,978 2,942
Net cash provided by operations 72,424 20,273
2. ANALYSIS OF CHAGES IN NET FUNDS
At 1.4.22 Cash fow At 31.3.23
£ £ £
Net cash
Cash at bank and in hand 312,395 59,362 371,757
312,395 59,362 371,757
Total 312,395 59,362 371,757

2. ANALYSIS OF CHANGES IN NET FUNDS

The notes form part of these financial statements

Page 22

SOLIDARITY SPORTS 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.

The presentation currency of the financial statements is the Pound Sterling (£).

Monetary amounts in these financial statements are rounded to the nearest £.

Critical accounting judgements and key sources of estimation uncertainty

The trustees consider there to be no critical accounting estimates and judgements.

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. Unrestricted grants and other income are accounted for in the year in which they are receivable. Restricted grants and other income are accounted for in the year in which the projects are expected to take place.

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. The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Charitable activities

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries.

Tangible fixed assets

Tangible assets are stated at cost ( or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration costs.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.


lif.
Improvements to property
Fixtures and fttings		 -
-		 20% on cost
33% on cost
Computer equipment - 33% on cost

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.

continued ...

Page 23

SOLIDARITY SPORTS NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

1. ACCOUNTING POLICIES - continued

Fund accounting

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.

Financial instruments

The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include certain debtors and cash and bank balances, are initially measured at transaction price including transactions costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including certain creditors are initially recognised at transaction price. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

2. DONATIONS AND LEGACIES

2023
£
Trusts and foundations
320.483
Individual giving
208_159_
Goverent grants
37,000
Furlough scheme
Corporate partnerships
17,561
583,203		 2022
£
155,727
155,703
33,083
19,273
10,612
374 398

continued ...

Page 24

SOLIDARITY SPORTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

3. INVESTMENT INCOME

3. INVESTMENT INCOME
2023 2022
£ £
Deposit account interest 19
4. CHARITABLE ACTIVITIES COSTS
Direct
Costs (see
note 5)
£
Charitable activities 308,014

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

2023 2022
£ £
Staf costs 101,560 99,982
Trip bookings 65,737 27,915
Venue hire 11,533 11,775
Family support
Food fr children		 13,755
12,315		 5,606
8,166
Volunteer expenses 2,901 2,329
Equipment 4,482 2,880
Transport 5,714 9,928
Sessional staff 90,017 55,186
308,014 223,767

6. 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.

7. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as fllows:
Staf
2023
£
179 904
15,490
7,726
203,120
2023
6		 2022
£
176,639
18,916
4,408
199 963
2022
6

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

No employees received emoluments in excess of £60,000.

continued ...

Page 25 I

SOLIDARITY SPORTS

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

8.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
INCOME AND ENDOWMENTS FROM
Donations and legacies
Investment income
Total
EXPENDITURE ON
Charitable activities
Charitable activities
Other
Total
NET INCOME/(EXPENDITURE)
RECONCILIATION OF FUNDS
Total fnds brought frward
TOTAL FUNDS CARRIED FORWARD
9.
TANGIBLE FIXED ASSETS
COST
At 1 April 2022
Additions
At 31 March 2023
DEPRECIATION
At 1 April 2022
Charge fr year
At 31 March 2023
NET BOOK VALUE
At 31 March 2023
At 31 March 2022
Improvements
to
property
£
11,899
11,899
2,380
2,380
9,519
Unrestricted
fnd
£
237,654
19
237,673
115,244
84,690
199,934
37,739
226,177
263,916
Fixtures
and
fttings
£
2,688
1,163
3,851
2,515
560
3,075
776
173
Restricted
fnds
£
136,744
136,744
108,523
42,526
151,049
(14,305)
53,341
39,036
Computer
equipment
£
6,187
6,187
6,030
157
6,187
l57		 Total
fnds
£
374,398
19
374,417
223,767
127,216
350,983
23,434
279,518
302,952
Totals
£
8,875
13,062
21,937
8,545
3,097
11,642
10,295
330

continued ...

Page 26

SOLIDARITY SPORTS

NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 MARCH 2023

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade debtors
Prepayments and accrued income
11.
CREDITORS: AMOUNTS FA ING DUE WITHIN ONE YEAR
Taxation and social security
Other creditors
12.
MOVEMENT IN FUNDS
At 1.4.22
£
Unrestricted funds
General fnd
263,916
Restricted funds
Other miscellaneous restricted fnds
BBC Children in Need
29,574
Octavia
3,154
K&C Foundation
6,308
St Clement and St James CE School Trust
39,036
TOTAL FUNDS
302,952		 2023
2022
£
£
13,808
8,310
2,834
13,808
11,144
--
2023
2022
£
£
9,310
5,413
16,585
15,504
--
25,895
20,917
Net
movement
At
in fnds
31.3.23
£
£
91,668
355,584
6,881
6,881
(29,574
(3,154)
(6 308)
7 500
7,500
24 655)
14,381
67,013
369,965

continued ...

Page 27

SOLIDARITY SPORTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. MOVEMENT IN FUNDS - continued

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

Unrestricted funds
General fnd
Restricted funds
Other miscellaneous restricted fnds
BBC Children in Need
Octavia
K&C Foundation
St Clement and St James CE School Trust
Hammersmith United Charities
Let Me Play Group
London Community Foundation
The Freeman Family Trust
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fnd
Restricted fnds
Other miscellaneous restricted fnds
BBC Children in Need
Octavia
K&C Foundation
TOTAL FUNDS
Incoming
resources
£
431,402
41,103
10,000
7,500
10,000
48,198
1,500
33,500
151,801
583,203
At 1.4.21
£
226,177
53,341
53 341
279 518		 Resources
Movement
expended
in fnds
£
£
(339,734)
91,668
(34,222)
6,881
(29,574)
(29,574)
(13,154)
(3,154)
(6,308)
(6,308)
7,500
(10,000)
(48,198)
(1,500)
(33,500)
(176,456)
(24,655)
(516,190)
67,013
Net
movement
At
in fnds
31.3.22
£
£
37,739
263,916
(53,341)
29,574
29,574
3,154
3,154
6,308
6,308
(14,305)
39,036
23,434
302,952

continued ...

Page 28

SOLIDARITY SPORTS

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2023

12. MOVEMENT IN FUNDS - continued

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

Incoming
resources
£
Unrestricted funds
General fnd
237,673
Restricted funds
Other miscellaneous restricted fnds
74 858
BBC Children in Need
46,886
Octavia
5,000
K&C Foundation
10,000
136,744
TOTAL FUNDS
374,417		 Resources
Movement
expended
in fnds
£
£
(199,934)
37,739
(128,199)
(53,341)
(17,312)
29,574
(1,846)
3,154
(3,692)
6,308
(151,049)
(14,305)
(350,983)
23,434

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

At 1.4.21
£
Unrestricted funds
General fnd
226,177
Restricted funds
Other miscellaneous restricted fnds
53,341
St Clement and St James CE School Trust
53,341
TOTAL FUNDS
279,518		 Net
movement
At
in fnds
31.3.23
£
£
129,407
355,584
(46,460)
6,881
7,500
7,500
(38,960)
14,381
90,447
369,965

continued ...

Page 29

NOTES TO THE FINANCIAL STATEMENTS-continued FOR THE YEAR ENDED 31 MARCH 2023

SOLIDARITY SPORTS

12. 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:

Incoming
resources
£
Unrestricted funds
General fnd
669,075
Restricted funds
Other miscellaneous restricted fnds
115,961
BBC Children in Need
46,886
Octavia
15,000
K&C Foundation
10,000
St Clement and St James CE School Trust
7,500
Hammersmith United Charities
10,000
Let Me Play Group
48,198
London Community Foundation
1,500
The Freeman Family Trust
33,500
288 45
TOTAL FUNDS
957,620		 Resources
Movement
expended
in fnds
£
£
(539,668)
129,407
(162,421)
(46,460)
(46,886)
(15,000)
(10,000)
7,500
(10,000)
(48,198)
(1,500)
(33,500)
(327,505)
(38,960)
(867,173)
90,447

St Clement and St James CE School Trust: Grant contribution towards staffing costs for the After School Club.

Hammersmith United Charities: Grant contribution towards general project costs for the Easter Project.

Let Me Play Group: Grant contribution towards staffing, activity, venue, and f d costs for H&F children attending the Summer Project.

London Communities Foundation: Grant contribution towards activities and support for children living in North Kensington.

Octavia: Grant contribution towards general project costs for the Summer Project.

The Freeman Family Trust: £30,000 of a grant contribution towards costs associated with refurbishment of donated office space, with £3,500 towards Family Support.

13. RELATED PARTY DISCLOSURES

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

Page 30

SOLIDARITY SPORTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

2023 2022
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Trusts and fundations		 320,483 155,727
Individual giving
Goverent grants		 208,159
37,000		 155,703
33,083
Furlough scheme
Cororate partnerships		 17,561 19,273
10,612
583,203 374,398
Investment income
Deposit account interest 19
Total incoming resources 583,203 374,417
EXPENDITURE
Charitable activities
Wages 89,952 88,320
Social security 7,745 9,458
Pensions 3,863 2,204
Trip bookings 65,737 27,915
Venue hire 11,533 11,775
Family support
Food fr children		 13,755
12,315		 5,606
8,166
Volunteer expenses 2,901 2,329
Equipment 4,482 2,880
Transport
Sessional staf		 5,714
90,017		 9,928
55,186
308,014 223,767
Other
Wages 89,952 88,319
Social security 7,745 9,458
Pensions 3,863 2,204
Resources
Telephone, interet and ofce costs
Staf and volunteer training
Staf and volunteer wellbeing		 4,155
2,068
2,453
1,028		 4,883
2,793
797
7,343
Miscellaneous expenses 1,614 1,716
Insurance 383 455
Accounting f s
Bank f s
Staf benefts		 11,010
118
2,604		 1,350
54
1,832
Fundraising 173 123
Carried forward 127,166 121,327

This page does not form part of the statutory financial statements

Page 31

SOLIDARITY SPORTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Other
Brought frward
Subsistence
Entertainment
Interest paid
Travel - national
Afer school club materials
Meeting expenses
Repairs and maintenance
Ofce costs
Postage and stationery
Offce light, heat and water
Improvements to property
Fixtures and fttings
Computer equipment
Total resources expended
Net income		 2023
£
127,166
2,517
52
26
2,476
277
206
67,925
2,255
204
1,975
2,380
560
157
208 176
516,190
67,013		 2022
£
121,327
3,899
483
1,507
127,216
350 9 3
23,434

This page does not form part of the statutory financial statements

Page 32