Charity reglstratlon number 1146888 (England and Wales) Company reglstration number 07844933 ISLINGTON COMMUNITY SPORTS ACADEMY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
ISLINGTON COMMUNITY SPORTS ACADEMY LEGAL AND ADMINISTRATIVE INFORMATION Trustees Mr L R Hagland Mr M P Doherty Mr D Ilan Spiro MrA Howard Mr SA O'Neill Mr J A Richards Mr R Hagland Secretary Mr L R Hagland Charlty number (England and Wales) 1146888 Company number 07844933 Reglstsred office 20 Hazellvllle Road London N193LP Independent examlner Alwyns LLP Crown House 151 High Road Loughton Essex IG10 4LG
ISLINGTON COMMUNITY SPORTS ACADEMY CONTENTS Page Trustees, report Statement of trustees, responsibilities Independent examiner's report Statement of financial activities Balance sheet Notes to the financlal statements 9-15
ISLINGTON COMMUNITY SPORTS ACADEMY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The trustees present their annual report and financial ststements for the year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charlty's goveming document, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practlce applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effectlve 1 January 2019). Objectives and actlvities Islington Community Sports Academy works wlth local young people and adults, particularly those that other organisatlons may find difficult to engage with., our mission being to equlp them wlth the motivation, self confidence and networks they need to change their lives, through the vehicle of competitive sport and health and fitness activities. Our vlslon and mission are underpinned by the following values.. Being open, responsive and accountable Seeking and providing best value for money Promoting sustainable development Putting service to 'our community, first Valulng our volunteer coaches and staff Working in partnership To achleve our vision and mission we will.. Provide sporting opportunities from grass roots to excellence Provide quality sporting f8cllltles Ensure the club is well run Invest In the club's facilities and the membership Regularly seek feedback and views and respond to suggestions Celebrate our successes. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. Achlevements and perfomiance The Club has continued to grow during 202412025 and we are fortunate that we continue to be stable in all our actlvities. The Competitive Section of the Club continues to be extremely popular with over 110 boxers competing on behalf of the club, we have seven national titles, four representing England at the tri natlons, numerous regional and box cup champions. We also retained the trophy for most successful club at the Capltal Box Cup 2025. The academy classes at both junior and senlor level continue to be very busy and recreational and personal one to ones thrive. The ULEZ Grace Period for the dub minibus GL64 YKU, expires in October 2025, with no option for us to extend, leaving us with no option but to sell the vehicle, we do not expect to recoup much due to its age and the ULEZ restrictions. We wlll need to stsrt fundraising for a replacement vehicle. The club contlnues to grow financially, and the office staff are working tlrelessly to keep moving forward. This is putting pressure on the workforce with the increased workload and in the future the situation may 8rise that we require more staff. The cub dinner boxing evenings were prevlously held at the Royal National Hotel and now all of our open boxing shows at Haverstock School on a regular basis. We wlll continue to use Haverstock School for Open shows along with joint shows we run alongside Northolt ABC and Uxbrldge ABC. These events are much needed and a great way to showcase our boxers competing and putting out the club's name In the spotllght In a very posltive way.
ISLINGTON COMMUNITY SPORTS ACADEMY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Flnanclal revlew The overall fi'nances for the club have been solid throughout the year. Classes and membership are running at a consistent high level with several classes fvll to the capacity limit on a regular basis. One to one private coaching Is still going strong, wlth a consistent cllent base, numbers have increased. which is bringing in a solid revenue for the club. We have successfully hosted two Boxlng Dlnner Shows and four open shows in the year along with joint shows with Northolt and Uxbridge Boxlng Clubs. The club has invested a fair bit of money in several items that were required or needed to be repL4ced. We purchased a new minibus (£46K) in January 2023 and Invested heavily in new Gardio machines (£26K) along with renewlng equipment as and when it needed replaclng. The club also purchased x70 pairs of competition bong shorts along with stock replacement of club vests (£7k). Our current sponsors, Geo F Trumper and Griffin Scaffoldlng have continued to support the club and we are extremely grateful to have them working alongside us. The Yes charity have also very been generous b) their Sponsorship of equipment for the club. Queensbury Promotions sponsored the club to the tune of £20k. We hope that they continue their sponsorshlp in the years to come. We have also been working closely with a charity called Boxwise. This. we believe. has been a good partnership for both sides. We have run several very sucssful weekly Iralning courses over the past year and our members have received numerous tickets to large professional boxing events which promotes our club in a good Ilght. We are still seNicing the Business Bank Loan and the figure is now under £17k outstanding. The repayments per month are easily achievable, therefore we do not see a need to clear the debt, as the interest is very, very minimal. Overall, the club is continuing to grow, running at its maximum in many areas. We contlnue to look to the future with the building project still moving along, albeit very slowly. We hope and feel that in the next year, major Steps will be tsken in regard the building. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure. The trustees consider that reserves at this level wlll ensure that, in the event of a signlficant drop In funding, they will be able to continue the charlty's current activities while consideration is given to ways in whlch additional funds may be raised. This level of reserves has been maintained throughout the year. Plans for future perlods The majority of our classes are full to capaclty, completely sold out on our booking system days tefore the session, which is good for the club, but unfortunately frustratlng for our members. We have made a concerted effort to utilise the daytlme hours more, but this is difficult for various reasons, although we have grown a fair bit in this way. Bulldlng Project: The new build project is currently with the planning department of the London Borough of Islington. We expect to make larger strides in the coming year and be much nearer the goal of achieving the project. Structure. governance and management The charity is a company limited by guarantee, incorporated on 11 November 2011 and registered as a charity on 12 April 2012. The company was establlshed under a Memorandum of Association, which est8blished the objects and powers of the charitable company and is governed under its Articles of Association. In the event of the company being wound up members are required to contribute an amount not exceeding £5.
ISLINGTON COMMUNITY SPORTS ACADEMY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 The Islington Community Sports Academy has a Management Committee of up to 12 members who meet quarterly and are responsible for the strategic dir@Gtion and policy of the charity. At present the Committee has members from a variety of professional backgrounds relevant to the work of the charity. A scheme of delegation is in place and day- to-day responsibility for the provi8lon of the services rests with the Administration Manager. The Manager has responsibility for the day-today oper8tlonal management of the Centre, Indivldual supervlsion of the staff team and also ensuring that the team continues to develop their skllls and worklng practices in line with good practice. The trustees, who are also the directors for the purpose of company law, and who seN@d during the year and up to the date of signature of the financial statements were: Mr L R Hagland Mr M P Doherty Mr D Ilan Spiro MrA Howard Mr RA Callaghan Mr S A O'Neill Mr J G Mitchell Mr J A Richards Mr R Hagland (Resigned 29 August 2025) (Resigned 29 August 2025) The dlrectors of the company are also the charlty's trustees for th8 purposes of charity law and under the company's Articles 8re known as members of the Management Committee. Under the requirements of the Memorandum and Articles of Association the members of the Management Committee are elected to serve for a period of three years after which they must be re-elected at the next Annual General Meeting. Any expenses reclaimed from the charity are set out In the accounts. Small company provlsions This report has been prepared in accordance with the provision applicable to companles entitled to the small companies exemption. The trustees, report was approved the Board of Trustees. Mr L R Hagland Trustee Doherty Trustee Date:
ISLINGTON COMMUNITY SPORTS ACADEMY STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2025 The trustees, who are also the dlrectors of Islington Community Sports Academy for the purpose of Company law, are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accountlng Practlce). Company law requir@s the trustees to prepare financlal statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming reSourS and appllcatlon of reSoUrs, including the income and expendlture, of the charitable company for that year. In preparing these financial statements, the trustees are requlred to.. select sultable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP; make judgements and estlmate8 that are reasonable and prudent. state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the flnancial statements., and prepare the financlal statements on the going concern basls unless it is inapproprlate to presume that the charity will contlnue in operation. The trustees are responsible for keeping adequate accounting records that disclose wlth reasonable accuracy at any time the financial position of the charsty and enable them to ensure that the financial statements comply with the Companles Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the preventlon and detection of fraud and other irregularities.
ISLINGTON COMMUNITY SPORTS ACADEMY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ISLINGTON COMMUNITY SPORTS ACADEMY I report to the trustees (who are also Directors for the purposes of company law) on my examination of the financial statements of Islington Community Sports Academy {the charity) for the year ended 31 March 2025 which comprise the Statement of Flnanclal Actlvltles, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body. in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trustees those matters l am required to state to them In thls report and for no other purpose. To the fullest extent permltted by law, I do not accept or assume responslbillty to anyone other than the ch8rlty and the charlty's trustees as a body, for my work, for this report, or for the opinions I have fomed. Responslbllltles and basis of report As the trustee8 of the charity (and also its directors for the purposes of company law), you are responsible for the preparatlon of the financial statements in accordance with the requirements of the Companies Act 2006. Havlng satisfied myself that the financlal statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's financial statements carrled out under section 145 of the Charltles Act 2011 (the 2011 Act). In carying out my examinatlon I have followed all the appllcable Directions given by the Charity Commission under section 145(5)(b) ofthe 2011 Act. An Independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving thelr opinion on the financial statements. The planning and conduct of an audit goes beyond the Ilmlted assurance that an independent examination can provide. Consequently l express no opinion as to whether the financial statements present 8 'true and fair, view and my report is limited to those specific matters set out in the independent examlner's statement. Independent examlner's statement Since the charity's gross Income exceeded £250,000, the Independent examiner must be a member of a body listed in sectlon 145 of the Charities Act 2011. 1 confirm that l am qualified to undertake the examinatlon because l am a member of ICAEW, which is one of the Ilsted bodies. I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept in respect of the charity as required by section 386 of the Companies Act 2006. the financial statements do not accord with those records. or the fin8ncial statements do not comply with the accounting requirements of section 396 of the Companies Act 2006 other than any requirement that the financial statements give a twe and fair view, which is not a matter considered as part of an independent examination. or the financial statements have not been prepared in accordance with the methods Snd principles of the Statement of Recommended Practice for accounting and reporting by Charities applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republlc of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to whlch attention should be drawn I this re n order to enable a proper understandlng of the financial statements to be reached. Ms J A Rickle Alwyns LLP Crown House 151 High Road Loughton Essex IG10 4LG D8ted:
ISLINGTON COMMUNITY SPORTS ACADEMY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Unrestrlcted funds funds 2026 2024 Notes Income from: Donations and legacies Charitable activities Other trading actlvities Investments 60,379 446,090 99,900 666 29.048 418,913 114,971 173 Totsl Income 607,035 563,105 Expendlture on: Ralsing funds Charitable activities 75.613 503,287 89,255 450,878 Total exp8ndlture 578,900 540,133 Net Income and movement In funds 28,135 22,972 Reconclllatlon of funds: Fund balances at 1 April 2024 213.765 190,793 Fund balances at 31 March 2025 241,900 213,765 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure dertve from contlnuing activities. The notes on pages 9 to 15 fomi part of these financial statements.
ISLINGTON COMMUNITY SPORTS ACADEMY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Notes Flxed assets Tangible assets 14 139,343 138,190 Current assets Debtors Cash at bank and In hand q5 1,477 122,660 99,767 124,137 99,767 Credltors.. amounts falllng due withln one year 16 (7,691) (7,500) Net current assets 116,446 92,267 Total assets less current Ilabllltles 255,789 230,457 Credltors: amounts falllng due after more than one year 17 (13,889) 116,692) Net assets 241,900 213,765 Income funds Unrestricted funds - general 241,900 213,765 241,900 213,765 The notes on pages 9 to 15 fomi part of these ftnancial statements.
ISLINGTON COMMUNITY SPORTS ACADEMY BALANCE SHEET (CONTINUED) ASAT31 MARCH 2025 The company is entitled to the exemption from the audit requirement contalned In sectlon 477 of the Companles Act 2006, for the year ended 31 March 2025. The directors acknowledge their responslbllities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the prepar8tion of financial statements. The members have not required the company to obtaln an audit of its financlal statements for the year in questlon in accordance with section 478. These financial ststements have been prepared In accordanGe with the provlsions appllcable to companies subject to the small companies regime. The financial statements were ap oved by the Trustees on ... . Mr L R Hagland Trustee Mr M P Doherty Trustee Company registratlon number 07844933
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles Charlty Infomiatlon Islington Community Sports Academy Is a prlvate company limited by guarantee incorporated in England and Wales. The registered office Is 20 Hazellville Road, London, N19 3LP. 1.1 Accountlng conventlon The financial statements have been prepared in accordance wlth the charity's governing document, the Companies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland. ("FRS 102.) and the Charities SORP "Accountlng and Reporting by Charitles: Statement of Recommended Practice applicable to charities preparlng thelr accounts In accordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019). The charffity Is a Public Benefit Entty as deflned by FRS 102. The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under the historical cost convention. The prlncipal accounting policies adopted are set out below. 1.2 Golng concern At the time of approving the financlal statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable funds Unrestrfcted funds are available for use at the discretion of the trustees In furtherance of thelr charitable objectives. 1.4 Income Income Is recognlsed when the charity is legally entitled to it after any perfomiance conditions have been met. the amounts can be measured reliably, and it is probable that income will be received. Income from donations or grants is recognised when there is evidence of entitlement to the gift. recelpt is probable and its amount can be measured reliably. Income from donated goods is measured at thelr fair value of the goods unless this is impractical to measure reliably, In which case the value is derived from the cost of the donor or the estimsted resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accounting pollcles (Contlnued> 1.5 Expendlture Expendfture is recognlsed On there Is a legal or constructive obligation to transfer economlc benefit to a thlrd party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligatlon can be measured reliably. Expenditure Includes any VAT which cannot be fully recovered, and Is classified under headings of the statement of financlal activities to which it relates: expendlture on ralslng funds includes the costs of all fundraising actÈvities, events, non-charitable trading activities, and the sale of donated goods., expenditure on charitable activitles Includes all costs Incurred by a charlty In undertaking actlvitles that further its charitable aims for the beneflt of its benefi'ciaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable actlvities. All costs are allocated to expenditure categorles reflectlng the use of the resource. Dlrect costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those actThiities on a basls conslstent wlth the use of resources. Central staff costs are allocated on the basls of tlme spent, and depreciatlon charges are allocated on the portion of the asset's use. 1.6 Tanglble flxed assets Tangible fi'xed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreclatlon is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases- Leasehold improvements Fixtures and fittings Motor vehicles over the life of the lease 200/0 Straight line 200/0 reducing balance Assets in the course of construction are not depreciated. The gain or Ioss 8rising on the disposal of an asset is detemiined as the difference beeen the sale proceeds and the carrying value of the asset, and is recognised In the ststement of flnancial activities. 1.7 Impalrnient of flxed assets At each reporting end date, the charity reviews the carrylng amounts of Its t8nglble assets to determine whether there is any indication that those assets have suffered an Impaimient loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (tf any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquld investments with original maturltles of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 10-
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Contlnued 1.9 Flnanclal Instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'other Fln8ncl81 Instruments Issues, of FRS 102 to all of Its financlal instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Flnancial assets and liabilities are offset, with the net amounts presented in the financial statements, when there Is a legally enforceable right to set off the recognlsed amounts and there is an intention to settle on a net basis or to reallse the asset and settle the liability simultaneously. Baslc flnancial assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price Includlng transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a flnancing trsnsaction, where the transaction is measured at the present value of the future receipts discounted 8t a market rate of interest. Financial assets lassified as recelvable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilitles, includlng creditors and bank loans are initially recognlsed at transaction price unless the arrangement constitutes a financlng transaction, where the debt instrument is measured at the present value of the future payments discounted 8t a market rate of interest. Financial liabilities classified as payable wlthln one year are not amortised. Trade creditors are obllgations to pay for goods or services that have been acqulred in the ordlnary course of operations from suppliers. Amounts payable are Glassrfied as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initlally at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognition of Ilnanclal Ilabllltles Financial liabilities are derecognlsed when the charity's contractual obligations expire or are dlscharged or cancelled. Crltlcal accountlng estlmates and Judgements In the application of the charity's accounting pollcies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readlly apparent from other sources. The estimates and assoclated assumptions are based on historical experlence and other factors that are considered to be relevant. Actual results may differ from these estimates. The estlmates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estlmates are recognised in the period in which the estimate is revised where the revision affeots only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 11
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Donations and legacle8 Unrestrlcted Unre8trlcted funds funds 2026 2024 General donatlons Grants - London Borough of Islington 60,379 17,048 12,000 60,379 29,048 Charltable actlvltles Unrestrlcted Funds 2025 Total Unrestrlcted 2025 Funds 2024 Total 2024 Sale of goods as part of direct charitable activities Boxing classes and fees Outreach sessions 6,397 430,433 9,260 6,397 430,433 9,260 10,684 388,511 19,718 10,684 388,511 19,718 446,090 448,090 418,913 418,913 Other tradlng actlvttles Unrestricted funds 2025 Total Unrestrlcted funds 2024 Totsl 2025 2024 Fundraising events Hire of facilities 82,203 17,697 82,203 17,697 101,669 13,302 101,669 13,302 other trading activities 99,900 99,900 114,971 114,971 Investments Unrestrlcted Unrestricted funds funds 2025 2024 Bank interest receivable 666 173 12-
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Ralslng fund8 Unrestrlcted Unrestrlcted funds funds 2025 2024 Fundraisin Fundraising costs 75,613 89,255 75,613 89,255 Charltsble actlvltles Unrestrlcted funds 2025 Total Unrestrlcted 2025 funds 2024 Total 2024 Depreciation and impairment Direct charitable activities Support cost Governance 19,891 382,951 95,578 4,869 19,891 382,951 95,576 4,869 19,170 340,544 86,198 4,966 19,170 340,544 86,198 4,966 503,287 503,287 450,878 450,878 Net movement In funds 2025 2024 The net movement in funds Is stated after chargingl{creditlng): Depreciation of owned tanglble fixed assets 19,891 19,170 10 Independent examlnatlon fees 2026 2024 Examination of the charity's annual accounts 4,869 4,725 13-
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Trustees The following trustees have received remuneration under the Charities Act 2011, and as agreed by the Committee, for the management and professlonal seNices provided to the charlty. These services include the general runnlng and adminlstratlon of the Club on 8 dally basis. Mr R Hagland- £21,600 (2024.. £21,900) Mr L Hagland- £26,400 {2024: £24.500). No remuneration or benefits were made to any trustee in regards to their trustee dutles. 12 Employees The average monthly number of employees durlng the year was.. 2026 Number 2024 Number Total There were no employees whose annual remuneration was more than £60,000. 13 Taxatlon The charity Is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. 14 Tanglble fixed assets Leasehold FlxtuRs and Motor vehlcle8 land and fittings bulldlngs Total Cost At 1 April 2024 Additions Disposals 71,359 86,142 21.044 (18,5321 45,950 183,451 21,044 (18,532) At 31 March 2025 71,359 68,654 45,950 185,963 Depreclatlon and Impalrment At 1 Aprll 2024 Depreclatlon charged in the year Eliminated in respect of disposals 34,845 12,784 (18,532) 10,416 7,107 45,261 19,891 (18.532) At 31 March 2025 29,097 17,523 46,620 Carrylng amount At 31 March 2025 71,359 39,557 28,427 139,343 At 31 March 2024 71,359 31,297 35,534 138,190 14-
ISLINGTON COMMUNITY SPORTS ACADEMY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 14 Tanglble flxed assets {Contlnued) 15 Debtors 2025 2024 Amounts falllng due wlthln one year: Prepayments and accrued Income 1,477 16 Credltors: amounts falllng due wlthln one year 2025 2024 Notes Bank loans Accruals and deferred income 2,778 4,913 2,778 4,722 7,691 7,500 17 Credltors: amounts falling du8 after more than one year 2025 2024 Notes Bank loans 13,889 16,692 18 Unrestrfcted funds The unrestricted ndS of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditlons by donors and grantors as to how they may be used. These Include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes. At 1 April 2024 Incoming resources Resources At 31 March expended 2026 General funds 213,765 607,035 (578,900) 241,900 Prevlous year: At 1 Aprfl 2023 Incomlng resources Resources At 31 March expended 2024 General funds 190,793 563.105 (540,133) 213,765 19 Related party transactlons There were no disclosable related party transactions during the year (2024 - none). 15-