Registered Charity number 1143837
ST KATHARINE'S TRUST
Financial Statements for the Year Ended 31 March 202131 March 2020
ST KATHARINE'S TRUST Report and accounts Contents
| Page | |
|---|---|
| Information | 1 |
| Statement of Financial Activities | 2-3 |
| Balance sheet | 4 |
| Notes to the accounts | 5-6 |
ST KATHARINE'S TRUST Charity Information
Trustees
The following persons served as trustees during the year: Stephen Collings Azad Ali Ehtesham Rahman Dr Sabir Mahmud Zaman Jonathan Philip Gainsford Campbell
Governing document
Constitution adopted 29/03/2011 as amended on 04/04/2016
Registration history
19 September 2011 Registered with Charity Commission
Bankers
Lloyds Bank 35 Whitechapel Rd London E1 1DU
Registered office
Brady Centre 192-196 Hanbury Street London E1 5HU
Charity Registration number
1143837
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ST KATHARINE'S TRUST Statement of Financial Activity for the year ended 31 March 2020for the year ended 31 March 2020
| Statement of Financial Activity Incoming Resources Direct costs Gross profit Administrative expenses Operating profit/(loss) Profit/(loss) before taxation Tax on profit/(loss) Profit/(loss) for the financial year |
2020 £ 15,920 (6,702) 9,218 (5,468) 3,750 3,750 - 3,750 |
2019 £ 8,801 (4,176) 4,625 (11,795) (7,170) (7,170) - (7,170) 2021 (14,481) (14,481) (14,481) (16,833) 3,1314 35,109 (3,795) |
|---|---|---|
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ST KATHARINE'S TRUST Detailed Statement of Financial Activity for the year ended 31 March 2021for the year ended 31 March 2020
Page one of two
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2020 2019 2021
Unrestricted Unrestricted
funds funds
£ £
Incoming Resources 8,801
Unrestricted funds 15,920 35,109
Resources Expended
Charitable Activities (6,702) (4,176) (3,795)
Gross profit 9,218 4,625 31,314
Administrative expenses (5,468) (11,795) (16,833)
Net Income (expenditure) 3,750 (7,170) (14,481)
Net movement in funds
Reconciliation of funds:
Total funds brought forward 01/04/2019 Total funds brought forward 01/04/2020 1,749 8,919 5,499
Net income/(expenditure) YE 31/03/2020 Net income/(expenditure) YE 31/03/2021 3,750 (7,170) (14,481)
Total funds carried forward 5,499 1,74919,980
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ST KATHARINE'S TRUST Detailed Statement of Financial Activity for the year ended 31 March 2021for the year ended 31 March 2020
Page two of two
| Incoming Resources Grants Annual Membership Fees Business Donations Just Giving Donations Miscellaneous Income Resources expended Football kit/equipment expensed LCSUFL/ILFB Fines and costs League Fees Match day/pitch Referee Fees/Expenses Coaching Premises costs: Ground/Changing Room hire General administrative expenses: Administration incl phone charges Advertising and PR Internet and email expenses Club Social/Award Ceremony Football Goal Post storage costs Membership Fees Insurance Fund Raising Costs Depreciation Sundry expenses Stationery computer /IT expence 582 legal fees 1,0220 post office charge 62 |
2020 £ 10,800 120 5,000 - - 15,920 2,128 450 755 299 500 2,570 6,702 - - 1,298 100 1,351 322 1,000 283 159 621 334 - 5,468 5,468 |
2019 £ 5,500 680 338 2,233 50 8,801 395 206 2,094 491 70 920 4,176 5,275 5,275 1,001 - 332 633 - 216 - 3,974 334 30 6,520 11,795 2021 34,019 970 - - 120 35,109 1,386 375 281 1,553 200 - 3,795 - - 1,305 - - 2,780 - - 526 - 334 1,024 16,833 16,833 |
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ST KATHARINE'S TRUST
Balance Sheet as at 31 March 2021as at 31 March 2020
| Notes Fixed assets Tangible assets 2 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Net current assets Net assets Funds of the Charity Unrestricted funds Total Funds of the Charity |
2020 £ 668 6,937 (2,095) 4,842 5,510 5,510 5,510 |
2019 £ 1,002 1,729 (971) 758 1,760 1,760 1,760 2021 334 20,656 (1000) 19,656 19,990 1,669 19,990 |
|---|---|---|
The financial statements were approved by the Trustees on …...................... and signed on their behalf by
…..................................................... ….................................................... Stephen Collings Azad Ali Trustee & Chairperson Trustee
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ST KATHARINE'S TRUST Notes to the Accounts for the year ended 31 March 2021for the year ended 31 March 2020
1 Accounting policies
1.1 Basis of preparation
The charity constitutes a public benefit entity as defined by FRS102. The accounts have been prepared in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applicable to charities outlined in SORP).
1.2 Fund Accounting
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
1.3 Tangible fixed assets
Tangible Fixed Assets are state at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computers and equipment over 4 years
The following items are not capitalised, but are written off in full in the year of purchase Sports Equipment and Kit
1.4 Income Recogition
All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the incomes and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
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For grants or donations to be recognised the charity has to have been notified in writing of both the amount and settlement date. ln the event the grant / donation is subject to conditions that require a level of performance before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met.
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lnterest on funds held in the charity's bank account is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid by the bank.
1.5 Expenditure Recognition
All expenditure is accounted for on an accruals basis and has been classified under headings and aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. lt is categorised under the following headings:
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Costs of raising funds includes costs associated with voluntary fundraising
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Expenditure on charitable activities includes costs relating to those activities listed on the SoFA. lrrecoverable VAT is charged as an expense against the activity for which expenditure arose.
1.6 Accrued expense provision
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
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ST KATHARINE'S TRUST Notes to the Accounts for the year ended 31 March 2021for the year ended 31 March 2020
2 Tangible fixed assets
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Computers
and
equipment
£
Cost
At 1 April 2019 At 1 April 2020 1,336
At 31 March 2020 At 31 March 2021 1,336
Depreciation
At 1 April 2019 At 1 April 2020 334
Charge for the year 334
At 31 March 2020 At 31 March 2021 668 1,002
Net book value
At 31 March 2020 At 31 March 2021 668 334
At 31 March 2019 At 31 March 2020 1,002 668
3 Creditors: amounts falling due within one year 2020 2019 2021
£ £
Accrued expenses at YE 2,095 971 1,000
2020 2019 2021
Football League fines 450 66-
League fees 1,000 840-
Tournament fees - -
Match Day Fees - 55-
Computer and IT expenses 646 1,000 10
- -
2,096 9711,000
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4 Other information
ST KATHARINE'S TRUST is an unincorporated entity operating in England, under its constitution and registered with the Charity Commission. Its registered office is at: Brady Centre
192-196 Hanbury Street
London E1 5HU
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