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
1
## **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)|
|---|---|---|
2
## **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_
**----- Start of picture text -----**
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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3
## **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|
|---|---|---|
4
## **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
5
**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.
- 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.
- 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:
- Costs of raising funds includes costs associated with voluntary fundraising
- 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.
6
## **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**
**----- Start of picture text -----**
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
**----- End of picture text -----**
## **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
7