## **Westward Inner-City Sport & Education (WISE) Youth Trust**
## **Trustees' Report and Accounts**
**For the year ended 31 December 2022**
**Charity Number: 1140869**
**Westward Inner-City Sport & Education (WISE) Youth Trust Trustees' Report and Accounts**
## **Contents**
||**Page**|
|---|---|
|Officers and Financial Advisors|3|
|Trustees' Report|4 - 7|
|Independent Examiners Report|8|
|Statement of Financial Activities|9|
|Balance sheet|10|
|Notes to the accounts|11 - 13|
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|
3
## **Westward Inner-City Sport & Education (WISE) Youth Trust Trustees Report For the year ended 31 December 2022**
## **TRUSTEES REPORT**
The trustees are pleased to present their report together with the financial statements of the Charity for the year ending 31st December 2022.
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 £10,558 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.
4
## **Review of Transactions and Financial Position:**
The statement of financial activities showed a net surplus for the year of £150,141 (2021 deficit £7,946) and total reserves stands at £182,159. (2021 reserves £32,018).
## **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:
- Break down barriers to community participation and integration
- Promote community safety and social inclusion
- Raise student’s aspirations academically and for future career ambitions
- Enrich young people's social and cultural capital
- Support commitment at higher levels of personal career development
WISE Youth Trust has just completed its fifth 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:
- After School Youth Club (supporting numeracy and literacy)
- No Knives (gangs, guns and knives PD workshops plus awareness events)
- SISTA ACT (a girls’ Empowerment Project)
- Employment & Enterprise (Level 1&2 Qualifications, with complimentary development activities –CV writing, interview techniques, job search and work experience)
- Enterprise Training -T-Shirt Design & Print (writing a business plan, money matters, starting a business, online marketing & product branding)
- Intensive half term holiday projects
- Sports Academy (development and competitive opportunities)
## DELIVERED ACTIVITIES AND FUTURE PLANS
## 1. 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 up until the Easter Holiday. Our youth workers have continued to offer practical and emotional support to young people who continue to experience anxiety and other challenges, signposting them to local community resources for support.
5
## 2. Vocational, Employment & Enterprise Training programme
We delivered three Employability projects during this fiscal year, with grant funding from the Paddington Development Trust and Canary Wharf to deliver our signature “Pathway to Work” employment and enterprise training programmes for London residents. The focus of the programme was to get London residents who are economically inactive and long-term unemployed the qualifications and workplace experience they need to become sustainably employed or self-employed, or into volunteering or further vocational qualifications. 60 candidates enrolled on the programme with 49 gaining a level 2 or 3 qualification and 10 into full time and part time employment.
## Enterprise
Our Enterprise Hub project which opened 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 the creative 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 enterprise training for 15 young people from the PRU Hackney.
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.
## 3. Sport Development
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, Waltham Forest and Hackney during the Easter, Summer and Christmas holidays to develop new skills, bridge the attainment gap, prevent social isolation, and holiday hunger. We provided four hours of physical and enrichment activities, trips nutritional education and free hot meals for approximately 600 children four days a week over the Easter Summer and Christmas holidays.
## Youth Football & Academy Programme
Westward Youth FC successfully maintained ten youth teams in the Echo Junior league for the season. We currently have 168 registered members in the club. The U15 team participated in a Disney documentary “Save Our Squad” programme on grassroots football led by David Beckham, leading to increased popularity for the club with interests from as far as Canada and USA. The U10 won the finals of the Festival cup, the u14’s team won the league, and u15’s finished runners up in the league cup finals.
## Coach Education programme
This fiscal year, one ex youth player successfully completed their FA Level 1 coaching course and are now employed as sessional coaches with the football club. Four members of the organisation also completed a St John’s Ambulance First Aid Course and Safeguarding courses. We are now an England accredited club.
6
## **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:
- Select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any material departures disclosed and explained in the statements of accounts;
- Prepare the financial statements on the going concern basis unless it is Inappropriate to presume that the charity will continue its operations.
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: 3 October 2023
7
**Independent examiner’s report to the trustees of Westward Inner-City Sport & Education (WISE) Youth Trust**
## **For the year ended 31 December 2022**
I report on the accounts of the company for the year ended 31 December 2022, 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:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- to state whether particular matters have come to my attention.
## **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 -to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
- have not been met; or
2. 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: ......................
8
## **Westward Inner-City Sport & Education (WISE) Youth Trust Statement of Financial Activities For the year ended 31 December 2022**
|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
£
28,907
28,907
28,907
-
28,907
-
-
-|Restricted
Funds
£
349,247
349,247
196,106
3,000
199,106
150,141
32,018
182,159|**2022**
£
378,154
378,154
225,013
2,160
227,173
150,981
32,018
182,999|**2021**
£
168,094|
|---|---|---|---|---|
|||||168,094|
|||||173,881
2,160|
|||||176,041|
|||||(7,947)
39,965|
|||||32,018|
The notes on pages 11 to 13 form part of these accounts.
9
## **Westward Inner-City Sport & Education (WISE) Youth Trust**
## **Balance Sheet As At 31 December 2022**
|**Notes**
**Fixed Asset**
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|**2022**
£
£
3,696
188,026
188,026
9,563
182,159
182,159
-
182,159
182,159|**2021**
£
£
4,620
33,683
33,684
6,286
32,018
32,018
-
32,018
32,018|**2021**
£
£
4,620
33,683
33,684
6,286
32,018
32,018
-
32,018
32,018|
|---|---|---|---|
||188,026
9,563|33,684
6,286||
|||||
||||32,018|
||||-
32,018|
||||32,018|
These accounts were approved by the Trustees on 2nd October 2023 and were signed on its behalf by:
The notes on pages 11 to 13 form part of these accounts.
10
**Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2022**
## **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**
|London Borough Of Tower Hamlets
BBC Children in Needs
Disney
Arnold Clarck
Hoare Trustees The Julia And Hans
London Brorough Of Hackney
St Andrew Trust
TK Max & Homesense Foundation
THCH
WISE Enterprise Hub
London Brorough Of Waltham Forest
London Council Grant
Twenty Twenty Production
Enterprise Development Fund
Street Games
Paddington Development
Westward Boys FC-Membership|**Unrestricted**
**£**
28,907
28,907|**Restricted**
**£**
49,488
38,000
77,700
-
-
55,865
-
-
-
-
11,960
5,753
51,000
21,813
16,520
21,148
-
349,247|**2022**
49,488
38,000
77,700
-
-
55,865
-
-
-
-
11,960
5,753
51,000
21,813
16,520
21,148
28,907
378,154|**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|
11
## **Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2022**
|**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
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
PAYE & NI|**2022**
**£**
83,738
-
259
1,653
22,494
3,751
362
11,572
743
939
2,151
24,054
71,950
924
224,590
**2022**
£
3,000
3,000
**2022**
£
3,000
478
6,085
9,563|**2021**|
|---|---|---|
|||**£**
78,401
3
200
1,858
3,845
1,878
844
5,481
419
395
636
13,568
65,198
1,155|
|||173,881|
|||**2021**|
|||£
2,160|
|||2,160|
|||**2021**|
|||£
2,160
197
3,929|
|||6,286|
12
## **Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2022**
|**6. Tangible fixed assets**
Cost
At 1 January 2022
Additions
At 31 December 2022
**Depreciation**
At 1 January 2022
Charge for the year
At 31 December 2022
**Net book value**
At 31 December 2022
At 31 December 2021|**Motor**
**Vehicle**
**etc**
**£**
18,523
-
18,523
13,903
924
14,827
3,696
4,620|**Total**
**£**
18,523
-|
|---|---|---|
|||18,523|
|||13,903
924|
|||14,827|
|||3,696|
|||4,620|
13