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2021-12-31-accounts

Westward Inner-City Sport & Education (WISE) Youth Trust

Trustees' Report and Accounts

For the year ended 31 December 2021

Charity Number: 1140869

Westward Inner-City Sport & Education (WISE) Youth Trust Trustees' Report and Accounts

Contents

Page
Officers and FinancialAdvisors 3
Trustees' Report 4 - 8
Independent Examiners Report 9
Statement of Financial Activities 10
Balancesheet 11
Notes to the accounts 12 - 14

2

Westward Inner-City Sport & Education (WISE) Youth Trust

Officers and Financial Advisors

Chairperson Dr A Afilaka
Secretary Mr A Abayomi
Management Committee Dr A Afilaka (Chair)
Mr A Abayomi (Secretary)
Mr Abdul Monnan (Treasurer)
Mohammed Ali (Member)
Richard Mitchell (Member)
Mark Francis (Member)
Edwin Mensah(Member)
Samson Ogundehinde (Member)
Nadine Peters (Member)
Clair Peacock (Member)
Charity No. 1140869
Registered Office Minerva Community Centre
10 Minerva St
London
E2 9EH
Accountants MMK Accountants Ltd
Chartered Certified Accountants
37th Floor
One Canada Square
Canary Wharf
E14 5DY
Bankers TSB Bank

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Westward Inner-City Sport & Education (WISE) Youth Trust Trustees Report For the year ended 31 December 2021

TRUSTEES REPORT

The trustees are pleased to present their report together with the financial statements of the Charity for the year ending 31st December 2021.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the applicable law and the requirements of the Statement of Recommended Practice, " Accounting and Reporting by Charities" issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Documents

The Charity's objects and regulations are regulated by the constitution and the Charities Commission and the Charity is an unincorporated association.The organisation registered as a charity on 23 March 2011.

Appointment of Trustees

Under the requirements of the Charity law the members of Charity Trustees consists of at least three and not more than fifteen.

Trustee Induction or Training

The Trustees maintain a working knowledge of charity and company law and are kept up to date with the operations of the

charity through board meetings held annually.

Related Parties

During the year £10,800 were paid to Mr. A Abayomi for his work done for Westward Boys FC and WISE Youth Trust project. Mr. A Abayomi also a trustee of the organisation.

Risk Management

The Trustees have identified the major risks to which the Charity is exposed and believe that the systems in place are adequate to mitigate those risks. The charity makes little use of financial instruments other than an operational bank account and so its exposure to price risk, credit risk, liquidity risk is not material for the assessment of the assets, liabilities, financial position and profit or loss of the charity.

Public Benefit Statement

The Trustees consider that they have complied with Section 17 of the Charities Act 2011 with regard to the guidance on

public benefit published by Charity Commission. The paragraphs below demonstrate the public benefit arising through the

Charity’s activities.

Review of Transactions and Financial Position:

The statement of financial activities showed a net loss for the year of £7,947 (2020 surplus £6,319) and total reserves stands at £32,018. (2020 reserves £39,965).

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OBJECTIVES AND ACTIVITIES

WISE Youth Trust is a Charity designed to provide a bespoke developmental service with the youth in mind. Since 1985, the concept has provided an avenue for young people to get involved with diverse projects that will enable them develop and harness a range of transferable and practical life skills.

The aims of the WISE Youth Programs are to:

WISE Youth Trust has just completed its tenth full year of operation as a registered Charity and in addition to the running of the youth and adult football teams that constitute Westward Boys and Tower Hamlets Football Clubs respectively, we have managed to successfully deliver a number of projects covering Sports development, Social Inclusion, Community Safety, Community Cohesion, Enterprise and Employment Training.

The Projects delivered are listed below:

DELIVERED ACTIVITIES AND FUTURE PLANS

Community Development Programme

Youth & Community Work

In this fiscal year, with the extended one-year funding from the BBC Children in Need for the roles of male and a female Detached Youth Workers, we were able to support the delivery of our community projects. They co-ordinated HAF programmes for Hackney and Tower Hamlets.

Working during the covid Lockdown providing outreach work in known hot spots in Tower Hamlets and Hackney and One-to-One Mentoring supported by peer mentors. Since the lifting of COVID19 restrictions, our youth workers have worked tirelessly to provide emotional support for young people who have been experiencing increased anxiety and other mental health challenges and linking them up with mental health professionals, resources, and support.

5

Vocational, Employment & Enterprise Training Programme

Employability

In this fiscal year, with grant funding from the Paddington Development Trust we delivered our signature “Pathway to Work” Remote working employment project in Central and West London regions. The focus of the programme was to get recently unemployed Londoners into work due to the impact of COVID19 pandemic, with millions of job losses in London. 41 candidates enrolled on the programme with 29 gaining a level 2 or 3 qualification with 17 securing long term employment.

Enterprise

Our Enterprise Hub which opened for business in November 2020 has continued to thrive. We have invested in new equipment to support our ambition to produce products on a commercial scale. The enterprise hub delivers courses and activities that are fun creative and are designed for young people who love arts, design, and business. The project is designed to address the lack of employment opportunity in the creative industries for at risk young people who are aged 16 -25 years old, and those employed in the service sectors who lost their jobs during the pandemic, by offering the training and production space required to set up a business. We delivered training for the Wickers Trust and the Women’s Inclusion Project

At the hub, training officers work with young people on original concept and design to display on T-shirts, hoodies, baseball caps, face mask, mugs, and water bottles etc making shop quality fashion brands to market on our online platform, which enable them to develop a successful business model for sustainable self-employment. Those aged 12-15 are also offered opportunities to explore the street fashion industry through our introductory series

during half term holidays. This element of the programme will be expanded in fiscal year 2022.

Sport Development

Our sports development programme which was interrupted by the COVID-19 Pandemic, has resumed and activities continue to be delivered weekdays in the evenings and on Saturday mornings. A grant from Julia and Hans Trust to cover core costs and overheads of the Charity enabled us to deliver our centrebased activities.

Holiday Activities & Feeding Programme (HAF)

This year we delivered our whole day fun, engaging, learning and engagement activities for children and young people aged 6-13 years old in Tower Hamlets and Hackney during the holidays to develop new skills, bridge the attainment gap, prevent social isolation, and holiday hunger. We provided four hours of physical and enrichment activities and free hot meals for approximately 150 children four days a week over 8 weeks.

Youth Football & Academy Programme

Westward Youth FC The club successfully maintained ten youth teams in the Echo Junior league for the season. The club was nominated to participate in a Disney documentary Save Our Squad programme on grassroots football led by David Beckham. Five (5) young people gained a level 1 coaching qualification, and two (2) new coaches were recruited into the club

6

Our planned introduction of the Mayors Cup competition has now been reviewed and will now be known as the Tower Hamlets & Hackney Youth Cup. The scheduled start in September 2020 which was initially been suspended due to uncertainties with regards to the COVID19 Pandemic, will continue to be suspended until further notice. This is due to shortage of funds to run the competition. The plan remains an annual term time and holiday competition to select a Tower Hamlets & Hackney representative team for opportunities to compete against other boroughs in London and also to go on Player Development Football Tours in the UK and in Europe. It will also represent an opportunity for young budding players to be recruited into our partnership clubs at both semi and professional clubs to continue their football development.

Senior Football

Our partnership with Tower Hamlets FC continues to develop and provide exit opportunities for our members to continue to play football at a competitive level post 16 in the Eastern Junior Alliance Youth League with a pathway into men’s football when they reach age 18.

This gives the players the chance to compete against other teams in the regional and semi- professional leagues.

Coach Education programme

This fiscal year, two (2) ex youth players successfully completed their FA Level 1 coaching course and are now employed as sessional coaches with the football club. The five coaches who were scheduled to complete their FA level 2 and youth modules last fiscal year were unable to. They have now successfully completed the course in this fiscal year.

Our application for accreditation as a Charter Standard Community Club is currently under consideration by the FA. The delay has also been attributed to the COVID-19 Pandemic, and the new requirement that all players and parents be reregistered on the Whole Game System

Horizon’s Programme

We launched and delivered our first international project in Nigeria and Sierra Leone in 2019 fiscal year. Working with local community groups and community leaders. During the COVID19 Pandemic, we delivered COVID-19 awareness, information and guidance, hand sanitizers, face masks, and food palliatives to 500 people in the community of Makoko, Lagos Nigeria and in the Freetown townships of Sierra Leone. The beneficiaries were those who lived in the slums and shanty towns of the capital cities with no recourse to government support.

Due to financial pressures, as well as the COVID-19 Pandemic, we were still unable to launch the youth Exchange programme in fiscal year 2022. The benefits for participants include gaining an insight into life that lacks the benefits of a government supported system such as that experienced in this country. It is expected that participants will return with a greater appreciation of what is available here and therefore make the most of the opportunities.

However, the programme remain a priority within our strategy 22 – 24 and we will continue to develop the platform to launch programme. This is designed to broaden the horizons of young people by giving them the opportunity to travel and integrate with their peers and counterparts from other countries/cultures in Europe and in developing countries.

The pilot phase of the programme was a vocational education, sports, and wellbeing programme with disadvantaged children and communities in Africa launched in fiscal year 2018, when the Trust donated several football kits to youth groups in Nigeria and Sierra Leone.

7

6. Trustees’ responsibilities in relation to the financial statements

Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each financial year which gives a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resources in the year. In preparing the statement the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity at that time and to enable the trustees to ensure that any statement of account prepared by them complies with the regulations under section 130 of the Charities Act 2011. They are also responsible for safeguarding the assets of the trust and for taking reasonable steps for the prevention and detection of fraud and other irregularities.

APPROVAL

This report was approved by the Board and signed on its behalf by:

Dr A. Afilaka Chair Person Date: 24 August 2022

8

Independent examiner’s report to the trustees of Westward Inner-City Sport & Education (WISE) Youth Trust

For the year ended 31 December 2021

I report on the accounts of the company for the year ended 31 December 2021, which are set out on pages 12 to 14.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention apart from the above

  1. which gives me reasonable cause to believe that in, any material respect, the requirements: -to keep accounting records in accordance with section 130 of the Charities Act; and

  2. -to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act

  3. have not been met; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Misbahul Karim FCCA MMK Chartered Certified Accountants 37th Floor One Canada Square Canary Wharf London E14 5DY Date: 29 August 2022

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Westward Inner-City Sport & Education (WISE) Youth Trust Statement of Financial Activities For the year ended 31 December 2021

Notes
Incoming Resources
Grants & Donations
2
Total Incoming Resources
Resources Expended
Charitable activities
3
Governance cost
4
Total Resources Expended
Net incoming/(outgoing resources)
Reconciliation of Funds:
Total funds, brought forward
Total funds, carried forward		 Unrestricted
Funds
£
23,517
23,517
23,517
-
23,517
-
-
-		 Restricted
Funds
£
144,577
144,577
150,364
2,160
152,524
(7,947)
39,965
32,018		 2021
£
168,094
168,094
173,881
2,160
176,041
(7,947)
39,965
32,018		 2020
£
182,443
182,443

173,963
2,160
176,123

6,320
33,645
39,965

The notes on pages 12 to 14 form part of these accounts.

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Westward Inner-City Sport & Education (WISE) Youth Trust

Balance Sheet As At 31 December 2021

Fixed Asset
Notes
Tangible Assets
6
Current Assets
Cash in hand and at Bank
Creditors
Amounts falling due within one year
5
Net Current Assets
The Funds of the Charity
Unrestricted funds
Restricted funds		 2021
£
£
4,620
33,684
33,684
6,286
32,018
32,018
-
32,018
32,018		 2020
£
£
5,775
42,652
42,653
8,463
39,965
39,965
-
39,965
39,965		 2020
£
£
5,775
42,652
42,653
8,463
39,965
39,965
-
39,965
39,965

33,684
6,286
42,653
8,463
39,965
-
39,965

39,965

These accounts were approved by the Trustees on 24 August 2022 and were signed on its behalf by:

)

The notes on pages 12 to 14 form part of these accounts.

11

Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2021

1. Accounting Policies

1.1 Basis of Accounting

The financial statements have been prepared under the historical cost convention and in accordance with the applicable Accounting Standards , the Statement of Recommended Practice “Accounting and Reporting by Charities” published in March 2005 . The principal accounting policies adopted in the preparation of the financial statements are set out below.

1.2 Incoming Resources

Voluntary income and donations are included in incoming resources when they are receivable, except when the donors specify that they must be used in future accounting periods or donors’ conditions have not been fulfilled, then the income is deferred. The income from fundraising ventures is shown gross, with the associated costs included in fundraising costs.

1.3 Resources Expended

Resources expended are included in the Statement of Financial Activities on accruals basis, inclusive of any VAT that cannot be recovered.

Expenditure that is directly attributable to specific activities has been included in these cost categories. Where costs are attributable to more than one activity, they have been apportioned across the cost categories on a basis consistent with the use of those resources.

1.4 Going Concern Basis

The financial statements have been prepared on the going concern basis, as in the opinion of the director and trustees, there are no issues arising which would suggest any other basis as being more appropriate.

1.5 Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

2. Grants and Donations

East End Community Foundation
London Borough Of Tower Hamlets
BBC Children in Needs
Covid-19 Response Fund
Arnold Clarck
Hoare Trustees The Julia And Hans
London Brorough Of Hackney
St Andrew Trust
TK Max & Homesense Foundation
THCH
WISE Enterprise Hub
The London Community
London Council Grant
ESC Lottery Fund
Enterprise Development Fund
Street Games
Paddington Development
Westward Boys FC-Membership		 Unrestricted
£
23,517
23,517		 Restricted
£
20,210
30,000
-
1,000
15,000
27,300
700
500
200
2,640
-
-
-
8,187
3,840
35,000
-
144,577		 2021
-
20,210
30,000
-
1,000
15,000
27,300
700
500
200
2,640
-
-
-
8,187
3,840
35,000
23,517
168,094		 2020
10,500
11,250
36,000
10,000
-
-
-
-
-
-
-
31,816
8,000
2,520
-
3,500
39,966
28,891
182,443

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Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2021

3. Cost of Charitable activities
Cost directly allocated to activities:
Events & Activities
Bank Charges
Cleaning
Pensions
Office Rent
Insurance
Subscriptions
Repairs and Maintenance
Stationery and Printing & Postage
Telephone and Internet
Legal cost
Travel and Subsistence
Sports Activities & Football Training
Wages and Salaries
Depreciation
4. Governance Cost
Accountancy fee
5. Creditors: amounts falling due within one year
Accountancy
Net Wages
Pension
PAYE & NI		 2021
£
78,404
3
200
1,858
3,845
1,878
844
5,481
419
395
-
636
13,568
65,198
1,155
173,884
2021
£
2,160
2,160
2021
£
2,160
197
-
3,929
6,286		 2020
£
79,317
3
-
613
14,480
1,775
181
643
530
613
65
1,954
13,434
58,912
1,444
173,964
2020
£
2,160
2,160
2020
£
2,160
906
127
5,270
8,463

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Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2021

6. Tangible fixed assets
6. Tangible fixed assets
Cost
At 1 January 2021
Additions
At 31 December 2021
Depreciation
At 1 January 2021
Charge for the year
At 31 December 2021
Net book value
At 31 December 2021
At 31 December 2020		 Motor
Vehicle
etc
£
18,523
-
18,523
12,748
1,155
13,903
4,620
5,775		 Total
£
18,523
-
18,523
12,748
1,155

13,903
4,620
5,775

14