## **ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022** ## **SOUTH LONDON SPECIAL LEAGUE** **(A COMPANY LIMITED BY GUARANTEE)** **COMPANY REGISTRATION No: 06393659 CHARITY REGISTRATION No: 1124629** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS ## **SOUTH LONDON SPECIAL LEAGUE** **(A COMPANY LIMITED BY GUARANTEE)** **CONTENTS** Page 3 Legal & Administrative Information Pages 4 to 6 Report of the Directors' Page 7 Statement of Financial Activities Page 8 Balance Sheet Pages 9 to 17 Notes to the Financial Statements Page 18 Independent Examiner's Report ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **CHARITY NUMBER** 1124629 **COMPANY REGISTRATION NUMBER** 06393659 **DATE OF INCORPORATION** 9th October 2007 **START OF FINANCIAL YEAR** 1st September 2021 **END OF FINANCIAL YEAR** 31st August 2022 **DIRECTORS AT 31ST AUGUST 2022** Steven James Alan Hill David Stopp Mick Northwood Paul Russell Kieron Gibbons Len Duval Raff Gallo Santha Patel Natalie Ojevah (Resigned 24th November 2020) **GOVERNING DOCUMENT** Memorandum and Articles of Association incorporated 9th October 2007 ## **OBJECTS** To enable disabled people to participate in playing and watching of the game of Football by providing access to such facilities in the interest of social welfare and with the object of improving their condition of life. **REGISTERED ADDRESS** London Marathon Playing Fields 304 Shooters Hill Road Greenwich London SE18 4LT **PRIMARY BANKERS** Barclays Bank Plc 1 Churchill Place London E14 5HP **INDEPENDENT EXAMINERS** Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS 3 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS'** ## **FOR THE YEAR ENDED 31ST AUGUST 2022** ## **Chair's Report** This is another year that South London Special League has continued to work in a very challenging environment. Coming through post covid reintroducing our activities and I am pleased to say whilst we are not in normal times, we are entering a period of renewed activity. A big thank you to our staff referee volunteers who are a major strength in keeping our activities going and delivering for our users. Financially we are stable, but we need to be aware of containing our costs and seeking potential funders for our work. We have had good success in attracting small funds, but we are still struggling to find a sustainable doner who will commit to more than one year’s funding. Nevertheless, we continue to seek out those opportunities for financial support. We are grateful to all those who have contributed to our fundraising activities and given support in kind including our volunteer marathon runner and bike riders who have all raised money for our work. much of these funds have been used for new equipment for the Powerchair Football Club. At this point in the report with sadness I wish to highlight that one of our trustees David Stopp recently passed away and one of his last activities on behalf of the charity was taking part in the London to Brighton bike ride. We will miss him at our board meetings and his support of the special league over the years. We have recently changed the way we present the accounts and this may lead to some questions that we are happy to answer at the AGM or if anyone has any queries to contact our organisation. For the future we are in discussions with the powerchair football club around their future activities within the organisation. I hope in the coming months we will have an outcome to those discussions that will be reported to trustees and members at the next AGM. Overall, in terms of the South London Special League we are also in discussion with a potential supporter who will if there is a successful outcome, make our project more sustainable and financially stable for the future. Len Duvall Chair – South London Special League ## **Directors' Report** This year the Special League returned to normality with all sports activities and leagues starting up again following a challenging two years of the Covid Pandemic. It was good to see all of our players, schools and adult teams return with renewed vigour to play Football again. Sharon Brokenshire stood down as the Director of SLSL at the end of last season and has now moved to Swanage to retire by the sea. Sharon is still involved with strategic matters and will continue to support the charity as much as possible. This year the charity will be nineteen years old which is a major achievement and testament to the hard work and commitment of the staff, trustees and all our supporters over the years. At the start of the season 29 Schools affiliated with over 68 teams and 700 players taking part in our schools and adult leagues. The Adults and Post 16s division ‘A League of their Own’ has also grown to over 20 teams registered this The ‘Just Play’ weekly football training project for adults on Friday afternoons at Long Lane is going from strength to strength and we were pleased to welcome new post 16 students from Shooters Hill Campus taking part during the holidays. The Tennis Club sessions held at Greenwich Park has been well attended again and continue to cater for a wide range of people with disabilities. During the winter months the programme is held indoors at the Waterfront Leisure Centre in Woolwich. This creates continuity so we do not have to cancel any sessions due to inclement weather conditions. We were fortunate again to receive sponsorship funding from our London Marathon Runner Helen Hutchinson who raised over £1,600 towards the running costs of the project. In addition, the RBG Westcombe Ward grant of £4,500 has enabled the tennis club to be sustainable for the next 12 months. The Powerchair Football Club has been very successful this season with our team winning the WFA Regional League. We were fortunate to be able to purchase new powerchairs chairs through external grants which has enabled our players to perform at a higher level against other teams that have had the latest equipment for some time. Well done to all the players, parents and their supporters!! 4 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST AUGUST 2022** We look forward to another prosperous year as we continue to grow the number of young disabled players and adults that will take part in our football leagues, tennis and multi-sports projects. Once again, a special thank you to Long Lane Junior Football Club and GLL (Better) who provide their facilities for our Football leagues, Greenwich Powerchair Football Club and the Long Lane Terriers. Without their support we would struggle to exist. Steve Johnston Development Manager - South London Special League ## **Treasurers Report** Following the Covid Pandemic which began in March 2020, SLSL had to close down all sports activities we provide for our disabled clients including the Schools and Adult football leagues. We were pleased at last to be able to get back to normal again this season and restart all of our activities again from September 2021. Thankfully our grant funding partners had agreed for us to defer our restricted funds to be carried Our fundraising Manager Dave McLaren continued to search and apply for new grant funding to support both the football leagues and the Greenwich Powerchair Football Club (GPCFC) and to search for any other funding opportunities for new projects. In June we were successful with an application to the Sport England Queens Jubilee Fund for a grant of £8,603.00 for a 12 month Multisport Project for Disabled Adults. In addition, we received grants for sports equipment including 3 new Powerchairs from Sport England (Toyota Parasport Fund), The Peter Harrison Foundation, Bruce Wake Foundation, The True Colours Trust, and additional match funding from our London Marathon runners in the 21/22 events. We want to thank Helen Hutchinson again who coordinated this fund raising with her friends and colleagues who all helped to generate over £6,000 in unrestricted funding for the Powerchair Football Club. As a result, we now have a new fleet of Powerchairs for our players. As usual we do not want to forget the continued support we receive from our partners in the community and other sport organisations including: Oxleas NHS, The Cooperative Society, The London FA & WFA, The Football Foundation, The Jack Petchey Foundation and many other individuals that have raised money for SLSL through fund raising initiatives and donations. I would like to also thank all our Trustees, staff and volunteers for their hard work again this year. Santha Patel Treasurer / Trustee 5 SOUTH LONDON SPECIAL LEAGUE IA COMPANY LIMrrEO 8YGUARApifEEI REPORT OF THE DIRECTORS. IC•tttinu•dl FOR THE YEAR ENDED 31ST AUGUST 2012 t•fflqnt ol thr•ctors' Re*pol￿bil￿I•￿. Th• CharihoG Aot ¢hG Crpmwi¢a kt rtyu￿t &Jdi￿vITI￿bi￿th fl￿￿al STa*rrenis ior8aEh hnanual year Qlve a truo 8TrJ ta¥ ol the stsle of affays ol tharny as at Iho nf lh• [￿d of th• surp￿S￿￿•f￿rt chwity. In prgpaM9 thwcfinAn￿l st*ternen15 thè Boud rw•*r•J its.. bl ¢haritv ¥wlconbnuè in Th• tst•cior¥ 410 rcjpwyèle •*u•l¥ a￿￿￿1￿1¥j r￿￿0$ accur•¢y iny Iirne ih8 finantyii of chonty amj 8uIWii tn lh• ch4ritys ￿$￿110￿ Ind HnAbtè them lo ￿%￿r+ that tho fin*Kkl stat￿ ¢thpty Ihb C¢rwrim wvj comF4y Iiwjv uithr I1￿ Charme5 Att They are re¥*￿9￿ 4898ty rl tr• thnty Anrf Inr l*king rea￿nab￿St8Ds th• d•tthi ¢thurkroguknrti•¥. ex8m1r￿1 ith relaion lo IM r•port knrt•d to Iho thol on th• oflh• r•port, l apryoye the att4&*d SMomArt balv*¢• #h••t for th• >*4r andod aiat W 2022 ¢onfim Ihot I hovo rTryde •vadobkn ikn wwrrton. Prtsft4d TrJ¥ Mv&'4 L L ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2022** ## **(Incorporating Income and Expenditure Account)** |**Notes**
**INCOMING RESOURCES**
**Incoming Resources from Generated Funds**
Donations, Grants & Legacies
**3a**
Investment Income
**3b**
Activities for Generating Funds
**3c**
Other Incoming Resources
**3d**
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Cost of Generating Funds**
Charitable Activities
**4a**
Governance Costs
**4b**
**TOTAL RESOURCES EXPENDED**
**NET INCOMING/ (OUTGOING) RESOURCES**
Balance Brought Forward
Transfer Between Funds
**2 & 5**
Fixed Asset Adjustment
**2 & 17**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
1,641
78,295
79,936
14,519
3
-
3
16
661
12,938
13,599
1,862
-
-
-
9,059
**2,305**
**91,233**
**93,538**
**25,456**
6,197
73,404
79,601
44,579
368
2,013
2,381
1,811
**6,565**
**75,418**
**81,983**
**46,389**
**(4,260)**
**15,815**
**11,555**
**(20,933)**
55,755
204
55,959
76,892
15,750
(15,750)
-
-
5,750
-
5,750
-
**72,995**
**269**
**73,264**
**55,959**| |---|---| Movements on all reserves and all recognised gains and losses are shown above. All of the organisation's operations are classed as continuing. The notes on pages 9 to 17 form part of these financial statements. 7 SOiTtH LONtK>N SPECIAL LEAGUE BALANCE SHEE[ ASAT 31ST AUCIIST 2022 3l•Awp22 J1.*21 t72(¥J 1,139 57m 81778 128249 57m A706 121.3 20,437 a514 TJA29 71l•J 74404 ¥5,959 ruivJ•vl¢lw T4195 195 5S755 204 Tot•1 FWM Ti195 tt* UK RepLt* altre1v￿ (FR811Y21. LE￿)￿VALL ## **SOUTH LONDON SPECIAL LEAGUE** **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of Preparation & Assessment of Going Concern** ## **Basis of Preparation** The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1st January 2015) - (Charities SORP - FRS102) and the Charities Act 2011. The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes. ## **Assessment of Going Concern** Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## **Incoming Resources** ## _**Recognition of Incoming Resources**_ These are included in the Statement of Financial Activities (SOFA) when: ▪ the charity becomes entitled to the resources; ▪ the Directors are virtually certain they will receive the resources; and ▪ the monetary value can be measured with sufficient reliability ## _**Incoming Resources with Related Expenditure**_ Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA. ## _**Grants and Donations**_ Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources. ## _**Tax Reclaims on Donations and Gifts**_ Incoming resources from tax reclaims are included in the SOFA in the same financial period as the gift to which they relate. ## _**Contractual Income and Performance Related Grants**_ This is only included in the SOFA once the related goods or services has been delivered. ## _**Gifts in Kind**_ Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable. ## _**Donated Services and Facilities**_ These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received. ## _**Volunteer Help**_ The value of any voluntary help received is not included in the accounts but is described in the Directors' annual report. ## _**Investment Income**_ This is included in the accounts when receivable. ## _**Investment Gains and Losses**_ This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. 9 ## **SOUTH LONDON SPECIAL LEAGUE** **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **1. ACCOUNTING POLICIES (Continued)** ## **Expenditure and Liabilities** ## _**Liability Recognition**_ Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources. ## _**Governance Costs**_ Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters. ## _**Changes in Accounting Policies and Previous Accounts**_ There has been no change to the accounting policies (variation rules and methods of accounting) since last year, and no changes to the previous accounts. ## _**Grants Payable without Performance Conditions**_ These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity. ## _**Unrestricted funds**_ These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities. ## _**Designated funds**_ These funds are funds set aside by the trustees out of unrestricted general funds for particular purposes or projects. ## _**Restricted funds**_ These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of appeals for special offerings for specific purposes. ## _**Taxation**_ The charity is exempt from tax on its charitable activities. ## _**Legal Status of the Charity**_ The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity. ## _**Fixed Assets**_ These are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt. ## _**Investments**_ Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at Directors' best estimate of market value. ## _**Depreciation Expense**_ Depreciation is calculated at a rate to write off the cost of tangible fixed assets over their estimated useful lives. The rates applied per annum are as follows: Equipment Cost 20% - Straight Line Balance Basis 10 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **2. TANGIBLE FIXED ASSETS** |Cost
01-Sep-21
Additions
Cost at
31-Aug-22
Depreciation
01-Sep-21
Charge
Depreciation at
31-Aug-22
Net Book Value
31-Aug-22
Net Book Value
31-Aug-21|Power Chair
General
**Total**
Cost
Equipment
**2021/22**
£
£
£
-
-
-
21,500
-
21,500
21,500
-
21,500
-
-
-
4,300
-
4,300
4,300
-
4,300
**17,200**
**-**
**17,200**
-
-
-| |---|---| The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2022 : None 31st August 2021 : None 11 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **3. INCOMING RESOURCES** |**a) Donations, Grants & Legacies**
Gifts & Donations
Grants Received
**b) Investment Income**
Interest|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
1,641
1,033
2,674
2,486
-
77,262
77,262
12,033
**1,641**
**78,295**
**79,936**
**14,519**
3
-
3
16
**3**
**-**
**3**
**16**| |---|---| ## **c) Activities for Generating Funds** |Fundraising Income
Membership Fees
**d) Other Incoming Resources**
Furlough Income|661
84
745
1,862
-
12,853
12,853
-
**661**
**12,938**
**13,599**
**1,862**
-
-
-
9,059
**-**
**-**
**-**
**9,059**| |---|---| 12 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **4. RESOURCES EXPENDED** |**a) Charitable Activities**
Advertising & Publicity
Consultancy Fees
Depreciation Expenses
Equipment Costs
Gifts & Grants
Insurance Costs
License & Subscriptions
Motor Vehicle Expenses
Officials & Coaching Costs
Printing, Postage & Stationery
Rent & Rates
Repairs & Maintenance
Staff Costs
Sundry Expenses
Telephone Costs
Travel & Subsistence
**b) Governance Costs**
Independent Examiners Fee
Legal & Professional Fees|Unrestricted
Restricted
**TOTAL**
**TOTAL**
Funds
Funds
**2021/22**
**2020/21**
£
£
£
£
577
1,118
1,695
514
-
32,986
32,986
15,241
4,300
-
4,300
-
-
4,391
4,391
6,235
890
370
1,260
750
-
2,914
2,914
3,219
-
739
739
325
-
301
301
1,859
-
7,611
7,611
1,739
-
14
14
33
-
5,545
5,545
2,250
-
537
537
58
160
15,713
15,873
11,727
84
-
84
62
174
397
571
544
12
768
780
23
**6,197**
**73,404**
**79,601**
**44,579**
-
850
850
650
368
1,163
1,531
1,161
**368**
**2,013**
**2,381**
**1,811**| |---|---| 13 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **5. RESTRICTED FUNDS** ## **CURRENT FINANCIAL YEAR** |Boost Charitable Trust
Community Emergency Fund
Football League Fund
Furlough Fund
Greenwich PFC Fund
Health & Wellbeing Fund
Jack Petchey Fund
Multi Sports Fund
Oxleas NHS Trust
South London Terriers
Mrs Smith & Mount Trust
Toyota Parasport Fund
Streetgames Tennis
The London Community Foundation
Westcombe Ward Tennis Project|**Balance**
**Balance**
**01-Sep-21**
Income
Expenditure
Transfers
**31-Aug-22**
£
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
32,359
32,359
-
-
-
-
-
-
-
-
29,049
18,299
(10,750)
-
-
-
-
-
-
-
650
585
-
65
-
518
518
-
-
174
6,000
6,000
-
174
30
-
-
-
30
-
3,955
3,955
-
-
-
5,000
-
(5,000)
-
-
1,260
1,260
-
-
-
10,000
10,000
-
-
-
2,442
2,442
-
-
**204**
**91,233**
**75,418**
**(15,750)**
**269**| |---|---| ## **PREVIOUS FINANCIAL YEAR** |Boost Charitable Trust
Community Emergency Fund
Football League Fund
Furlough Fund
Greenwich PFC Fund
Health & Wellbeing Fund
Jack Petchey Fund
Multi Sports Fund
Oxleas NHS Trust
South London Terriers
The Football Foundation|**Balance**
**Balance**
**01-Sep-20**
Income
Expenditure
Transfers
**31-Aug-21**
£
£
£
£
£
-
200
200
-
-
-
997
1,131
134
-
-
4,332
4,986
654
-
-
9,059
10,834
1,775
-
3,028
9,013
12,257
216
-
7,912
-
7,912
-
-
745
-
750
5
-
4,959
128
5,087
-
-
174
-
-
-
174
30
-
-
-
30
-
195
195
-
-
**16,848**
**23,924**
**43,352**
**2,784**
**204**| |---|---| The Restricted Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above. 14 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **6. CASH AT BANK AND IN HAND** |Cash at Bank and in Hand
**7. DEBTORS AND PREPAYMENTS**
Sundry Debtors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-22**
**31-Aug-21**
£
£
**£**
**£**
56,222
27,556
83,778
128,249
**56,222**
**27,556**
**83,778**
**128,249**
Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-22**
**31-Aug-21**
£
£
**£**
**£**
-
-
-
1,139
**-**
**-**
**-**
**1,139**| |---|---| ## **8. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Deferred Income
Independent Examiners Fee
PAYE & NI
Sundry Creditors|Unrestricted
Restricted
**Total**
**Total**
Fund
Fund
**31-Aug-22**
**31-Aug-21**
£
£
**£**
**£**
-
26,437
26,437
69,631
-
850
850
650
366
-
366
229
61
-
61
2,920
**427**
**27,287**
**27,714**
**73,429**| |---|---| ## **9. CREDITORS AND ACCRUALS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR** The Charity held no long term liabilities during this or the previous financial year. ## **10. NET ASSETS BETWEEN FUNDS** |Fixed Asset Investments
Net Current Assets
Long Term Liabilities|Unrestricted
Restricted
**Total**
**Total**
Funds
Funds
**31-Aug-22**
**31-Aug-21**
£
£
£
£
17,200
-
17,200
-
55,795
269
56,064
55,959
-
-
-
-
**72,995**
**269**
**73,264**
**55,959**| |---|---| 15 ## **SOUTH LONDON SPECIAL LEAGUE** ## **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **11. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES** The Company is Limited by Guarantee (06393659) and is a Charity registered with the Charity Commission (1124629) and does not have a Share capital and has no income subject to Corporation Tax. |**Note**
Profit / Deficit for the financial year
Other Recognised Gains
Balance Brought Forward
Fixed Asset Adjustment
**2 & 17**
Closing Funds at 31st August 2022|**TOTAL**
**2021/22**
**£**
11,555
-
**11,555**
55,959
5,750
**73,264**|**TOTAL**
**2020/21**
**£**
(20,933)
-
**(20,933)**
76,892
-
**55,959**| |---|---|---| ## **12. STAFF COSTS AND NUMBERS** |Gross Wages, Salaries & Fees
Employer's National Insurance Costs
Pension Contributions
Employees who were engaged in each of the following activities:
Charitable Activities|**TOTAL**
**2021/22**
£
15,613
-
260
**15,873**
**TOTAL**
**2021/22**
2|**TOTAL**
**2020/21**
£
11,589
-
138
**11,727**
**TOTAL**
**2020/21**
1| |---|---|---| The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000. (2020/21:None) ## **13. DIRECTORS AND OTHER RELATED PARTIES** No payments were made to Directors or any persons connected with them during this financial period. No material transaction took place between the organisation and a Director or any person connected with them. 16 ## **SOUTH LONDON SPECIAL LEAGUE** **(A COMPANY LIMITED BY GUARANTEE)** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2022** ## **14. RISK ASSESSMENT** The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks. ## **15. RESERVES POLICY** The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily. ## **16. PUBLIC BENEFIT** The Charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or ‘aims’ that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake. ## **17. FIXED ASSETS ADJUSTMENT** During the previous financial period, Tangible Fixed Assets with a cost value of £5,750.00 were excluded from the closing financial position as at the 31st August 2021. The assets have been introduced to reflect and true and fair value of the tangible fixed assets held by the Charity as at the 31st August 2022. 17 INDEPENDENT EXAMINER'S REPORT ON THE ACCOUNTS Report to the truste￿1 members o13LwJth Lotmkn 8pxial LWUE aE(xxJnts lor the year en(l&a 31si Auqw 2022 set oul on p8ge9 7 to 17. R¢$p¢¢trve resp￿51b11￿es of tru$1￿ and èxarnln¢r The Chariiy's trustees Ivtho are akn the dirEdors of th8 C￿panY thè of c4)Thrf)ary lowl 8rè o$wnsible for the preparation of fina￿la1 stslwM)Is. ThB ttU51ee5 are satisfied thai Ihe atsdlt requirement of se￿"on 144111 of the Charitios Act 20111th8 Act) d006 not appty. and thal th¢￿ * rg]uirement in the governing document or constitution ot the Charrty for the CC￿ducting of an a￿lt. As a corw￿. the have dected Ihat the financial stalomants be subi¢¢t to 11)deyJii(J¥iiL ¥Xiiiriinal¥)n. avinq saiisfiea myseii Inat ihe thnty is not subject to is Èligible for indow1É4nt 8xamin8tion. rt is my responsibility to'.- al Aygrnine tha unller sect￿1￿ 145 01 the Aci" bl to foll(M thg WOLVtJurB5 Jaid ¢Jown in the Ge￿ Dlrecikjns Ihe Chanty Ctynmissiw under $8CttJn 14515llbl of tho A¢l', and.. CI to Slate whether particular mattèts hav8 COMÈ tr) my 8ItAnlr B•$l$ ol 1nd•￿nd9nt •￿mIn•￿8 tht•monl 1 conducted my exa¢iiiiialiuii ITI ¢Lror(JarKe vllh the GBnw¥ Dir￿n$ gfvan by th& Chanty Commwjners tor England & Walw in rolation to the conduCti￿j ol an *ndcpen(knl examination. referred to atr*)ve. An indep¢nden¢ examination i￿ludeS a r8vi8w ol thè #t¥￿Inting rAr.r￿￿$ k￿￿ by tho Charity and of th• accounbng lySt•ms •mpltryed by the Charity aiKI a comparison of the fin￿￿31 stAtements Lwed ltsJse rKtyds. It also I￿lud9$ cvnsid8ratlon of any unusual item6 or diK106uros in the finenual st8tements. and $08kin9 ¢m￿an•t￿N￿ from you a$ trustegs Cori￿rning 5uth moller8. Thp piJrwsA nl thA AKamin•iion is to •*t•bli$h 4$ far ¥8 ￿tib￿ that there havo boon no broo¢hoo ol th¢ Charltioa lgolslaiion and th81 the Ilnan#al swements tsjnwly W lh8 SORP. on a 1&8t nf ftvirtftrTh rAIftvAnt In thA Amniinl* ond di8clo8ur88 in the financial Jtatèm•nt$. Tho pro¢edureJ undertak¢n do w provKle all tho e¥klenct thal *YJukl IJ¥ rwuiiwj iii an audll. ond Inlomiaiion SUPPlle hy thw Inistoes In tho eoLTrrn• of I￿tr •x¥minatieft li not $utsiK4￿ lo avdit lofjts or ¢nqulrio4 and consequently I do not xpress an audrt ¢)plnk)n on th* wew given by th8 financi* slat8ments. aThJ in partrjjlar, I f*XPW8 nn npinlhn •s to wheth•r the finanGlal slalem*iits yi¥¥ al￿ f&1 vl¥w uf ￿aIrS cnarny, ana my iepon 1$ Iirniteo 10 tn8 m•tt9r$ 8•t ¢Jut in th• 2tat•m•nt bdow. I plannod and parfofmod my oxomir￿l10n x ss to ¥811•fy mysew that th• ¢bi•th•s of th• iThJepondent 8xominalioii SfP ad)i8ved and b8lor8 fiThAl￿ IIK* rowrt l *Yllten •ssw8nc89 from th• trust•w ofau mal8ri81 mattar& Ind•p•nd•nt •xamlnerf• •t4t•mont In Iho COU￿ ol my &x8rninalk)n. nri matlAr h%8 rY>mA io my 8ffen￿On'. Iil&i Y1v￿ mtr rEawnaDte Cause io t*iieve Inai In, any maienai res¢ttt, irusiees requirements.. . to koep a¢counting rottordo in ormrdon¢¢ with tsect￿n 386 olthe Compafv*J Act 200G,' ond . lo prepare ar.coiJnls whlr.h Ae(xJrd vlth Ihe rg¢ordi, comply ￿￿th the aCCo￿ting rtyuiroments ol sect￿n 396 of the Companles Act 2(￿5 and witi the m¢thc#Js arKJ prlnokyes of Slatwnent of r￿(M)Mandad Practits.. A(x￿nI0ng end Reporting by Charitk88. have not been m*L oi to which, in my epinbjn. 0ttgntK)n 8htyJkl be dr•%Tr in ordw to propor underglandlng of the a¢eaunts to be K. ColLqku MA4T Castlg Ac(x)unling Ltd New Bai Mudborry Lan osnam Chichester P018 8TS Dale." 4t May 2023 18