Westward Inner-City Sport & Education (WISE) Youth Trust
Trustees' Report and Accounts
For the year ended 31 December 2024
Charity Number: 1140869
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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 |
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Westward Inner-City Sport & Education (WISE) Youth Trust
Officers and Financial Advisors
| Chairperson | Mr Ade Afilaka |
|---|---|
| Secretary | Mr Ade Abayomi |
| Management Committee | Mr Ade Afilaka (Chair) |
| Mr Ade Abayomi (Secretary) | |
| Mr Abdul Monnan (Treasurer) | |
| 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 2024
TRUSTEES REPORT
The trustees are pleased to present their report together with the financial statements of the Charity for the year ending 31st December 2024.
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 £10,209 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.
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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 surplus for the year of £11,816 (2023 deficit £56,491) and total reserves stands at £137,485. (2023 reserves £125,669).
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:
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Break down barriers to community participation and integration
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Promote community safety and social inclusion
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Raise student’s aspirations academically and for future career ambitions
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Enrich young people's social and cultural capital
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Support commitment at higher levels of personal career development
WISE Youth Trust has just completed its twelve 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.
DELIVERED ACTIVITIES AND FUTURE PLANS
1. Vocational & Employment Training programme
This fiscal year, with grant funding from the Canary Wharf Group, we delivered our signature "Pathway to Work" employment and enterprise training programme for London residents. The programme's aim is to offer level 1-3 vocational qualifications and workplace experience to those who are economically inactive and long-term unemployed, helping them to secure sustainable employment, self-employment, volunteer opportunities, or further vocational training. Approximately 20 individuals achieved a level 2 or 3 qualification, and 11 secured full-time or part-time employment.
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2. Enterprise Training Programme
Our enterprise hub consistently offers short courses for start-ups and creative activities tailored for young enthusiasts of the arts, design, and business. The project's goal is to tackle the scarcity of job opportunities in the creative sector for at-risk youth aged 16-25, as well as service sector workers seeking additional income due to the current cost of living crisis. We provide complimentary training and production facilities necessary for them to refine their ideas and launch their start-ups. This fiscal year, 10 individuals completed a 12-week Enterprise Start-up training programme.
At the hub, our training officers assist young people in developing original concepts and designs for T-shirts, hoodies, baseball caps, face masks, mugs, and water bottles, creating retail-quality fashion brands. These are then marketed on our online platform, helping them to establish a viable business model for ongoing self-employment. Additionally, we offer those aged 12-15 the chance to delve into the street fashion industry through our introductory series during half-term breaks.
3. Holiday Activities
During this fiscal year, we provided fun, engaging physical, educational and enrichment activities for children and young people aged 8-16 who receive benefit-related free school meals in Tower Hamlets, Hackney, Enfield, and Waltham Forest. These activities took place during the Easter, Summer, and Christmas holidays for four hours a day, four days a week. Participants in the programme developed new skills, closed the educational achievement gap, combated social isolation, and addressed holiday hunger. They engaged in physical activities, received nutritional education, participated in enrichment activities, and enjoyed a free hot meal. In total, approximately 800 children benefited from the programme. 4. Youth Football & Academy Programme.
4. Community Sports
We are consistent in creating pathways for children and young people to engage in regular football activities, competing in local and regional leagues via Westward Youth FC. This enhances their physical and emotional wellbeing and involves them in meaningful pursuits that divert them from crime and antisocial behaviour. This year, we entered 10 teams into the Echo Youth League and have 220 registered members in the club.
Throughout the season, from September to May, we provided 120 coaching and mentoring sessions for the players. These estate based sessions were led by qualified and certified industry professionals who have undergone mandatory CRB checks, ensuring a safer recruitment process.
Over time, numerous youths who have played for the club have advanced to professional football careers. The team featured in the "Save Our Squad" Disney documentary with David Beckham completed their final season with us last season. The majority have moved on to professional clubs, with some joining the West Ham United Second Chance Academy.
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5. Coach Education programme
This fiscal year, two 16-year-olds playing first team football in our football club Westward Youth FC successfully completed their UEFA C coaching Award. They and are now employed as sessional coaches with the football club, and working towards their FA Youth Module.
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:
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Select suitable accounting policies and apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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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;
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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:
Mr Ade Afilaka Chair Person Date: 17 October 2025
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Independent examiner’s report to the trustees of Westward Inner-City Sport & Education (WISE) Youth Trust
For the year ended 31 December 2024
I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages 9 to 13.
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:
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examine the accounts under section 145 of the Charities Act,
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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
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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
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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
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-to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act
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have not been met; or
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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: 17 October 2025
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Westward Inner-City Sport & Education (WISE) Youth Trust Statement of Financial Activities For the year ended 31 December 2024
| 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 Notes |
Unrestricted Funds £ 37,708 37,708 37,708 - 37,708 - - - |
Restricted Funds £ 240,249 240,249 225,193 3,240 228,433 11,816 125,669 137,485 |
2024 £ 277,957 277,957 262,901 3,240 266,141 11,816 125,669 137,485 |
2023 £ 222,879 |
||
|---|---|---|---|---|---|---|
| 222,879 | ||||||
| 276,369 3,000 |
||||||
| 279,369 | ||||||
| (56,490) 182,159 |
||||||
| 125,669 |
The notes on pages 11 to 13 form part of these accounts.
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Westward Inner-City Sport & Education (WISE) Youth Trust
Balance Sheet As At 31 December 2024
| 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 |
£ 144,836 |
2024 £ 2,365 137,485 137,485 - 137,485 137,485 |
£ 131,213 |
2023 £ 2,957 125,669 |
||
|---|---|---|---|---|---|---|
144,836 9,716 |
131,213 8,501 |
|||||
| 125,669 | ||||||
| - 125,669 |
||||||
125,669 |
These accounts were approved by the Trustees on 17 October 2025 and were signed on its behalf by:
Mr Ade Afilaka (Chairperson)
Mr Abdul Monnan (Treasurer)
The notes on pages 11 to 13 form part of these accounts.
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Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2024
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
| Canary Wharf Group The Football Foundation The Charity Services Ltd -TCSDETRUST London Borough Of Tower Hamlets London Brorough Of Enfield London Brorough Of Hackney London Brorough Of Waltham Forest Storm Building Other Donations Paddington Development Street Games The Wickers Westward Boys FC-Membership |
Unrestricted £ - - - - - - - - - - - - 37,708 37,708 |
Restricted £ - 2,000 12,000 109,973 24,191 71,480 19,105 1,500 - - - - - 240,249 |
2024 £ - 2,000 12,000 109,973 24,191 71,480 19,105 1,500 - - - - 37,708 277,957 |
2023 | |
|---|---|---|---|---|---|
| £ 5,000 - - 76,029 15,600 64,011 - - 825 26,754 4,315 600 29,745 222,879 |
|||||
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Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2024
| 3. Cost of Charitable activities Cost directly allocated to activities: Bank Charges Depreciation Events & Activities Insurance Office Rent Pensions Repairs and Maintenance Stationery and Printing & Postage Subscriptions Sports Activities & Football Training Telephone and Internet Travel and Subsistence Wages and Salaries 4. Governance Cost Accountancy fee 5. Creditors: amounts falling due within one year Accountancy PAYE & NI |
2024 £ 80 591 162,744 1,893 1,985 2,008 314 63 766 22,693 1,890 1,408 66,466 262,901 2024 £ 3,240 3,240 2024 £ 3,240 6,476 9,716 |
2023 £ - 739 157,766 2,951 19,450 399 1,092 332 852 23,507 1,205 2,522 65,554 276,369 2023 £ 3,000 3,000 2023 £ 3,000 5,501 8,501 |
||
|---|---|---|---|---|
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Westward Inner-City Sport & Education (WISE) Youth Trust Notes to the Accounts For the year ended 31 December 2024
| 6. Tangible fixed assets Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2023 |
Motor Vehicle etc £ 18,523 - 18,523 15,566 592 16,158 2,365 2,957 |
Total £ 18,523 - 18,523 15,566 592 16,158 2,365 2,957 |
|---|---|---|
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