ANNUAL REPORTS AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
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 7 | Report of the Directors' |
| Page 8 | Statement of Financial Activities |
| Page 9 | Balance Sheet |
| Pages 10 to 18 | Notes to the Financial Statements |
| Page 19 | Independent Examiner's Report |
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
AMENDED LEGAL AND ADMINISTRATIVE INFORMATION
CHARITY NUMBER
CHARITY NUMBER 1124629 COMPANY REGISTRATION NUMBER 06393659 DATE OF INCORPORATION 9th October 2007 START OF FINANCIAL YEAR 1st September 2022 END OF FINANCIAL YEAR 31st August 2023 DIRECTORS AT 31ST AUGUST 2023 Steven James Alan Hill Mick Northwood Paul Russell Kieron Gibbons Len Duval Raff Gallo Santha Patel David Stopp (Resigned 5th July 2023)
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 Long Lane Junior Football Club Dursley Road London SE3 8PB 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
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS'
FOR THE YEAR ENDED 31ST AUGUST 2023
Chair's Report
Can I begin by thanking our staff, Trustees and supporters for their work and commitment in maintaining our activities in a difficult operating environment. Since emerging from the covid period, the South London Special League has fully established its main programmes, whilst recognising the ongoing tight financial constraints.
We have refocused our service delivery around our main core activities which is the Schools Football Leagues and the Adult and Post 16s ‘A League of their Own’ and have taken steps to secure the charity operations in a sustainable way. In addition to the Football activity, we will continue with our Tennis and Multi sports programmes as long as funding for these projects last.
We have further developed our core partnerships and local sponsors. A big thank you to Oxleas NHS Trust and to Long Lane FC for their continued support both financially and in kind. Our long-term future lies by developing a much closer relationship with Long Lane and our other partners and supporters. Conversations are continuing on what is the best way forward for our respective operations to deliver greater benefits for both organisations and our clients; part of the discussion will be exploring the legal/governance issues for a closer working partnership.
In reviewing our activities, and in particular the ongoing relationship with our Powerchair Football Club activities, we want to ensure this club will continue, but for this to happen, it will require new capacity which we do not currently have in terms of its financial stability. We have begun those conversations with various interested parties in order to find a solution to secure the future for the club.
Financially we are stable and have been successful in attracting small funds, but we are still searching to find a sustainable doner / partner who will commit to long term financial support. We are grateful to all those who have contributed to our fundraising activities again this year including our volunteer marathon runners and our partners in the community who’s support help to make our projects a success.
We look forward to another year and we will continue to develop our programmes and projects for disabled people in Greenwich and South East London.
Len Duvall
Chair – South London Special League
Directors' Report
At the start of the season 25 Schools affiliated with over 80 teams and 868 players taking part in our schools and adult leagues. The Adults and Post 16s division ‘A League of their Own’ has also grown to 25 teams registered. This season we have had an increased demand for both Adults and School teams wanting to enter the special leagues. The schools under 14s age group being the largest entry with 18 teams in 4 groups and the MLD Girls increased to 6 teams. The SLD league entries have also increased to 5 teams and we now combine the MLD Girls and SLD leagues on the same day. To meet the increased demand for Post 16s and Adults this season, we have changed our League structure into 2 separate events creating an Adult Premiership Division and an Adult Championship Division alongside the 2 lower ability divisions 1 & 2. This new league format provides the capacity to allow more teams taking part and for longer games.
The ‘Just Play’ weekly football training project for adults on Friday afternoons at Long Lane is still popular with an average of 18 players attending each week with a total of 54 players attending throughout the year. This session runs all year round and definitely contributes to increasing the players overall health and wellbeing, confidence and independence and provides a safe environment to play sport, keep fit and meet new friends. We have lost a few players due to work commitments this year but have also welcomed 9 new members who now attend regularly. This ‘drop in’ session is very flexible and allows players to turn up on their days off or holidays from work. Due to financial restraints we had to reduce our staff cost and no longer provide a Referee each week. The group are happy to play football on a recreational basis and are encouraged to enter players and teams in the ‘League of their Own’ for a more structured competition format.
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST AUGUST 2023
The Tennis club sessions has grown from strength to strength with a number of new players joining together with our regular members making a total of 35 players. This year the project was funded by the Sport England Queens Jubilee grant as part of a Multi-sport project for disabled adults. The Tennis sessions were previously held at Greenwich Park on the outdoor courts and indoors through the winter at the Waterfront Leisure Centre. Due to popularity of the weekly club sessions we continued to run the Friday sessions at the Waterfront throughout the summer period and combined it with other indoor sports including Boccia, New Age Curling, Seated Volleyball and other fun games. This has been very popular and well attended and continue to cater for a wide range of people with disabilities, Autism, Down Syndrome, severe learning disabilities and people with general mobility issues. The project was very successful working in partnership with local day centre providers, Greenwich Mencap and the Brighter Futures project all based in the Royal borough of Greenwich and who provided the majority of 41 new members.
The Powerchair Football Club team were fortunate to have been promoted last season into the top division of the south east regional league which had been a challenge, due to the increased difficulty and the strength of the opposing teams in this division. With the purchase last season of new powerchairs, the team’s performance had increased having the latest equipment. Unfortunately, we were relegated back to Division 2 for this season as we were unable to sustain this higher level of play.
However, congratulations to all the players in the team for their courage to take on this challenge and we have started to improve our overall standard of play through this experience. Charlton Athletic Community Trust (CACT) were sponsoring the team again this season and had committed to supplying an assistant coach Billy for our Thursday night training sessions which enabled the training programme to be delivered at a high standard being able a cater for players with different abilities at the same time. CACT also provided new match tops and tracksuits as part of their sponsorship for the players.
Unfortunately, CACT could no longer commit to provide the assistant coach for another year due to their financial restraints. We would like to thank CACT for their support and their Coach Billy for his commitment as our assistant Coach. The Powerchair Club still has a huge task in raising sufficient funds to continue to be financially stable. We have continued to apply for grants and other funding to finance the club long term and to search for another sponsor that can support the club financially. We were able to purchase a new hoist this season and were happy to welcome back all our regular players that were unable to attend after our old hoist failed its service. In August we received some good news! Next season we have been sponsored by the Effinity Charitable Foundation (Faithorn Farrell Timms) for the sum of £10,000 which will go towards the running costs for the club for another 12 months which will enable us to continue to provide opportunities for disabled people who love playing Powerchair Football. On a final note, congratulations to Daniel on becoming a fully qualified Barrister.
Once again, we look forward to another prosperous year as we continue to increase the number of young disabled players and adults that will take part in our football leagues, tennis and multi-sports projects.
As always, 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 Multi-sports project. Next season we plan to form a much closer relationship with Long Lane which could secure the long-term sustainability of the South London Special League.
Steve Johnston
Development Manager - South London Special league
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
REPORT OF THE DIRECTORS' (Continued) FOR THE YEAR ENDED 31ST AUGUST 2023
Treasurers Report
This year was our second full year of operation following the Covid Pandemic back in March 2020. We began with a healthy bank balance of £83,778 and with the assistance of our fundraising Manager Dave McLaren, we continued to search and apply for new grant funding to support both the Football Leagues and the Greenwich Powerchair Football Club and for any other funding opportunities for new projects. Despite our efforts to attract new grant funding, our overall income was reduced by over 50% this year to a total of £40,398. Our expenditure was £70,835 similar to last year (2021/22) leaving a deficit of £30,437 which was absorbed through our reserves leaving a total fund carried forward of £42,827.
It has become harder and harder to find grants for large amounts particularly for core funding for salaries, so our task this year has been to look at other ways we can reduce our overall expenditure costs without losing focus on the quality of our delivery of sport programmes for disabled people.
Last year in June 2022 we were successful with an application to the Sport England Queens Jubilee Fund for a grant of £8,603 to provide a Multisport Project for Disabled Adults. This funding was deferred to this season to begin the delivery of the project for 12 months. Our sponsors Oxleas NHS Trust have been providing a grant of £6,000 a year for 3 years to support the Adult League and training sessions. The final payment was received in December 2022 and we hope they will support us again in the future. The Adult League and weekly ‘Just Play’ sessions attract a lot of the Oxleas NHS registered adults and this session has been expanding in numbers over the past 3 years, helping our players enjoy football, keep fit and improve their overall mental wellbeing.
Additional sponsorship was achieved by our London Marathon runners in this years’ event. We want to thank Helen Hutchinson again who coordinated this initiative with her friends and colleagues who all helped this year to generate over £4,699 in aid of the Greenwich Powerchair Football Club.
As usual we do not want to forget our other partners in the community who support us including: The Cooperative Society, The London FA & WFA, The Football Foundation, Barclays Sported Foundation, The Jack Petchey Foundation and many other individuals that have raised money for SLSL through fund raising initiatives and donations. A special thank you goes to the ‘Effinity Charitable Foundation’ (Faithorn Farrell Timms) for a generous donation of £10,000 received towards the cost of running the Powerchair Football club next year from September 2023 – August 2024.
I would like to thank our board of Trustees, staff and volunteers for their hard work again this year.
Santha Patel Treasurer / Trustee
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SOUTH LONDON SPECIAL LEAGUE IA COMPANY LIMITED 8Y GuARA1EEl REPORT OF THE DIRECTORS. Icontlnuodl FOR THE YEAR ENDEO 31ST AUGUST 2023 The Charities Act and the Companies Aci reqLwe the 8oard Truee$ io prepare finanaal s13tennt5 for each finarcKIl year whiGh give a Irue and fair ¥ of the swe c4 affairs crf ihe charty as th Iht tnd ol the finJtwI ygor and ol I urplus (x deficrt ofthe ¢hanty. In propamg thw finar¢491 sts¢effnls tts 8o¥d Is rewir8d to:. seGt suitabk accwnbrmj pJlKs aTrJ then them c¢teth. m8k&iudgem and esiimDtes Ihot are rtosrntdt aThJ pnJJent'. ep8r8 the finJnck71 slat8rnents lh• gc4ThJ ccKern bgB rt 15 Inawowwte lo presume thai the thamy will coniiwe In dl slato th8lh8r applc•t48 acc0Jra sthndard• and Wlemenls £rf reccfflrnenoed ryacbce have bo8n ftYknW8¢J SUDJ8ttto any maien ¢Jep•rtwes oisciow ex01r0 In the firianoal stslemvnts. The Direclors are also fcf maini&dng adeouath at¢thJrfiffj re¢4yd5 which d¢Se with reasona? accuracy 8t ?ny tsrno fin8nry81 wiion ef tho chanty arnl •f• wjff1ryI 10 5ho¥Y and ex81n charity's tran¢11& 8nd en8Ne thorn to ensure Ih•t tho finantsal s18teme¥ ¢ompty the Ccrnpani•s Acl 20C and CCMY Wlh regulatsc$ rnatt• untter Ihe Lhaniie8 ACL They are a180 ¥•f¢guardry Tho as50ts of the ch8nty ar henc8 rea50nBt4e steF4 Ihe pr•v¢mM •nd 4etectityi ol fr¥l •ThJ IrrngubrOe& The Dlreclors are also resp¢n51bkn lor the crffilenls ef Ihe Oireclors. repx and the rnsw1lI¢Y of thts IN1ependeni 8mIrer in rolats lo Dweclcn, Tepul 18 lirniiad 10 exaryrir#rva the rep •nd SUriN4 fvl w Ihe face of the rem, Ihoro 4r0 no hc0ns161orKS wth th6 ureS discbsed m th¢ fin•nd•l st¥t•moM$. These accounts h•ve prepared in accrydarKe With Ihe to tcffip•ni subJ¢¢i lo tho 111 Compan regime. l Bpwove IhB attathed ¥trternent c4 fin•rKI knd bala0 theei fLY thè yéar endèd 31M Augu•t 2023 •nd confirm Ih•t I h8V8 m&do aV•ltle al Inforrnwkn Trec0510ry its IryararK. vr hA? proved by th• Dirxttyi tyi th•............. ..... . .......... .. ... . ............. 90dtIirtsOhOMbyDr•Clu.................................................... rJÉ•u77 C4141 1 0 Prinled Name.. PALJL eoist
SOUTH LONDON SPECIAL LEAGUE (A COMPANY LIMITED BY GUARANTEE)
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST AUGUST 2023
(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 2022/23 2021/22 £ £ £ £ 2,496 19,577 22,073 79,936 91 - 91 3 4,699 12,515 17,214 13,599 - 1,020 1,020 - 7,286 33,112 40,398 93,538 6,345 62,074 68,419 79,601 1,236 1,181 2,417 2,381 7,581 63,254 70,835 81,983 (295) (30,142) (30,437) 11,555 72,995 269 73,264 55,959 (30,142) 30,142 - - - - - 5,750 42,558 269 42,827 73,264 |
|---|---|
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 10 to 18 form part of these financial statements.
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SOUTH LONDON SPECIAL LEAGUE IA COMPANY LIMrrEO 8Y GUARAiifEEI 8ALANce SHEET AS AT 31ST AUGUST 2023 UN08thCthJ Res¢ricl•J Fund5 TOTAL 31.Au9-23 TOTAL 31-Au9-22 Ntst• Fl¥•d A¥MI• Tangible Fixed Avels 12.gC•J 12,9)0 17.200 Cyrr•nl A¥wts Debtor$ & Prepaymenls Cash 818ank and in and 29] 33,674 250 58.341 24,667 83,778 Total curr )J.924 24,167 58.591 83,771 Cr•diiori'. Paihng true 24,J dU,¥Q54 dl,114 NET CURRENT ASSÉTS 29.927 5QC64 Cr•dltor¥.' Falknng due in morethan one TOTAL AS8ET5 les$ CurrlIli1 42,558 42,827 73,284 14ET ASSETS 42.SS8 269 42.827 73.264 Fiindi olth• crIty General Funds R•Biri¢i•d Funds 42. 42.558 269 72.985 269 269 Total Fund• 42.$58 269 42,827 73,284 Dlr•¢tori' R•ponlblllU•i'. The Directors ère saiisfied thai for tP year efvJed tyl 31$1 ApJws1 2023 charilat4B cLryony was enlild 10 ex8mpiion from Ihe requirern•ni to otlain an authl und•r s•ctsr 477 cl Iho Crmpanies Act 2006 and ih81 rr•mber or mmtr$ hav• rvouir¢d lh¢ ccrnp•ny lo otAain 8n •Jdrt of Ils KmJnt5 fcf the year in questw m 8ccordance with section 476 of the Aci. HoweNr, m a¢dance sectt• 145 of the Chathes Act 2011, thè accoJrf$ hav examined by 8n lTrjendent Examiner whose reF¥M appears pty¢ 19. The Direc15 acknowW Ih•r res[YJ1bIty C"T4 with Ihe rwrernwts crf the CompAth Act 2Cth wbth respect lo accounting records and the preparthw ol The accwnls have been prepared In a¢cor&an¢è 1b the prow>£6 ID Pail 15 of the CLmpanie5 AG1 2(K16 aplicae to companies ?uth'¢ct to Ihe small ccrnparies regm? aTrJ in acccfdarta the Fitwthl Ramng Stsndard aFphcaNe In the UK and Repubhc of IreLgnd IFRS1021. The "r&terS ackn(edge ththr re¥tytyb'kty for on5urirrfJ thal Ihe crynpany k8eFO wowr xcryJnliThJ records whkh CurnY wlh seciion 386 of the Act and for prepanry fina7 slatemenls gN• a true and fair of ihe 8t•le of 8ffairs rrf th8 company a& at Ihe erKI of Ihe finanual year an¢ If 115 wofit and for the fin8noal year In accc(d8Qe8 %wlh Ihe reqvirerrents offsect 394 and 395 and wttich otheTh¥i8e with the reqwewts clthe CoMpae& Act 2riJ6 rèlating to a(*¢xJnts. sofor awiC8b to the pary. hp(1 >s)I pred by the Direct¢rs tht.................... ............. . DEth)7Y .LoF &'gned their bewby C4rectw...... ............................................................................................................. Print6d Nam8".
SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2023
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 note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2015) (Second Edition, effective 1st January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (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.
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
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
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
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
2. TANGIBLE FIXED ASSETS
| Cost 01-Sep-22 Additions Cost at 31-Aug-23 Depreciation 01-Sep-22 Charge Depreciation at 31-Aug-23 Net Book Value 31-Aug-23 Net Book Value 31-Aug-22 |
Power Chair General Total Cost Equipment 2022/23 £ £ £ 21,500 - 21,500 - - - 21,500 - 21,500 4,300 - 4,300 4,300 - 4,300 8,600 - 8,600 12,900 - 12,900 17,200 - 17,200 |
|---|---|
The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st August 2023 : None 31st August 2022 : None
12
SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
3. INCOMING RESOURCES
| a) Donations, Grants & Legacies Gifts & Donations Grants Received |
Unrestricted Restricted TOTAL TOTAL Funds Funds 2022/23 2021/22 £ £ £ £ 450 538 988 2,674 2,047 19,039 21,086 77,262 2,496 19,577 22,073 79,936 |
|---|---|
b) Investment Income
| Interest | 91 - 91 3 91 - 91 3 |
|---|---|
c) Activities for Generating Funds
| Fundraising Income Membership Fees d) Other Incoming Resources Minibus Income |
4,699 4,730 9,429 745 - 7,785 7,785 12,853 4,699 12,515 17,214 13,599 - 1,020 1,020 - - 1,020 1,020 - |
|---|---|
13
SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
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 2022/23 2021/22 £ £ £ £ - 520 520 1,695 - 25,488 25,488 32,986 4,300 - 4,300 4,300 1,765 3,653 5,418 4,391 - - - 1,260 - 2,298 2,298 2,914 - 1,082 1,082 739 - 1,165 1,165 301 - 6,720 6,720 7,611 - - - 14 - 4,035 4,035 5,545 - 840 840 537 - 15,101 15,101 15,873 - - - 84 - 442 442 571 280 730 1,010 780 6,345 62,074 68,419 79,601 900 - 900 850 336 1,181 1,517 1,531 1,236 1,181 2,417 2,381 |
|---|---|
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
5. RESTRICTED FUNDS
CURRENT FINANCIAL YEAR
| Greenwich PFC Fund Health & Wellbeing Fund Jack Petchey Fund Multi Sports Fund Oxleas NHS Trust South London Terriers |
Balance Balance 01-Sep-22 Income Expenditure Transfers 31-Aug-23 £ £ £ £ £ - 11,023 11,023 - - - 18,106 48,248 30,142 - 65 - - - 65 - 3,983 3,983 - - 174 - - - 174 30 - - - 30 269 33,112 63,254 30,142 269 |
|---|---|
PREVIOUS FINANCIAL YEAR
| Football League 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 |
|---|---|
The Restricted Funds held are wholly represented by the Charity's Cash Reserves and are to be expended as specified above.
15
SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
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-23 31-Aug-22 £ £ £ £ 33,674 24,667 58,341 83,778 33,674 24,667 58,341 83,778 Unrestricted Restricted Total Total Fund Fund 31-Aug-23 31-Aug-22 £ £ £ £ 250 - 250 - 250 - 250 - |
|---|---|
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-23 31-Aug-22 £ £ £ £ - 24,398 24,398 26,437 900 - 900 850 380 - 380 366 2,986 - 2,986 61 4,266 24,398 28,664 27,714 |
|---|---|
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-23 31-Aug-22 £ £ £ £ 12,900 - 12,900 17,200 29,658 269 29,927 56,064 - - - - 42,558 269 42,827 73,264 |
|---|---|
16
SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
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 2023 |
TOTAL 2022/23 £ (30,437) - (30,437) 73,264 - 42,827 |
TOTAL 2021/22 £ 11,555 - 11,555 55,959 5,750 73,264 |
|---|---|---|
12. STAFF COSTS AND NUMBERS
| Gross Wages, Salaries & Fees Employer's National Insurance Costs Pension Contributions |
TOTAL 2022/23 £ 14,856 - 245 15,101 |
TOTAL 2021/22 £ 15,613 - 260 15,873 |
|---|---|---|
Employees who were engaged in each of the following activities:
Charitable Activities
| TOTAL | TOTAL |
|---|---|
| 2022/23 | 2021/22 |
| 2 | 2 |
The Charity operate a PAYE Scheme to pay all employed members of staff and no members of staff received emoluments of over £60,000. (2021/22: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.
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SOUTH LONDON SPECIAL LEAGUE
(A COMPANY LIMITED BY GUARANTEE)
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31ST AUGUST 2023
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.
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INDEPENDENT EXAMINER’S REPORT ON THE ACCOUNTS
Report to the trustees/ members of South London Special League on the accounts for the year ended 31st August 2023 set out on pages 8 to 18.
Respective responsibilities of trustees and examiner
The Charity's trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements. The trustees are satisfied that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the governing document or constitution of the Charity for the conducting of an audit. As a consequence, the trustees have elected that the financial statements be subject to independent examination.
Having satisfied myself that the charity is not subject to audit, and is eligible for independent examination, it is my responsibility to:a) examine the accounts under section 145 of the Act; b) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and;
c) to state whether particular matters have come to my attention.
Basis of independent examiner's statement
I conducted my examination in accordance with the General Directions given by the Charity Commissioners for England & Wales in relation to the conducting of an independent examination, referred to above. An independent examination includes a review of the accounting records kept by the Charity and of the accounting systems employed by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there have been no breaches of the Charities legislation and that the financial statements comply with the SORP, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements.
The procedures undertaken do not provide all the evidence that would be required in an audit, and information supplied by the trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently I do not express an audit opinion on the view given by the financial statements, and in particular, I express no opinion as to whether the financial statements give a true and fair view of the affairs of the charity, and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report I obtain written assurances from the trustees of all material matters.
Independent examiner's statement
In the course of my examination, no matter has come to my attention:
- which gives me reasonable cause to believe that in, any material respect, the trustees requirements:
· to keep accounting records in accordance with section 386 of the Companies Act 2006; and
· to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of recommended Practice: Accounting and Reporting by Charities.
have not been met; or
- to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
K. Collaku MAAT Castle View Accounting Ltd New Barn Mudberry Lane Bosham Chichester West Sussex PO18 8TS
Date: 8th May 2024
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