REGISTERED COMPANY NUMBER: 07864964 (England and Wales) REGISTERED CHARITY NUMBER: 1147168
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2021
for
London Tigers Limited (A Company Limited by Guarantee)
JSS & Co Accountants 26 Thorney Lane South Iver Buckinghamshire SL0 9AE
London Tigers Limited
Contents of the Financial Statements for the Year Ended 31 March 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | to | 5 |
| Notes to the Financial Statements | 6 | to | 9 |
| Detailed Statement of Financial Activities | 10 |
London Tigers Limited
Report of the Trustees for the Year Ended 31 March 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number
07864964 (England and Wales)
Registered Charity number
1147168
Registered office London Tigers Selbourne House 36A Elgin Avenue London W9 3AZ
Trustees
R Boddy M Islam (resigned 14.8.20) A Adaramola W Ahmed M Ahmed A Khan M Abdullah (appointed 15.8.20)
Company Secretary
Independent Examiner
JSS & Co Accountants 26 Thorney Lane South Iver Buckinghamshire SL0 9AE
Approved by order of the board of trustees on 15 November 2021 and signed on its behalf by:
W Ahmed - Trustee
Page 1
Independent Examiner's Report to the Trustees of London Tigers Limited
Independent examiner's report to the trustees of London Tigers Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company 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 your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
Independent examiner's statement
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:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
P Naguleswaran FFA FTA Institute of Financial Accounants JSS & Co Accountants 26 Thorney Lane South Iver Buckinghamshire SL0 9AE
15 November 2021
Page 2
London Tigers Limited
Statement of Financial Activities for the Year Ended 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 116,925 | 119,334 | |
| Other trading activities | 2 | 16,313 | 39,374 |
| Total | 133,238 | 158,708 | |
| EXPENDITURE ON | |||
| Other | 101,524 | 152,316 | |
| NET INCOME | 31,714 | 6,392 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 38,764 | 32,372 | |
| TOTAL FUNDS CARRIED FORWARD | 70,478 | 38,764 |
The notes form part of these financial statements
Page 3
London Tigers Limited
Balance Sheet 31 March 2021
| 31.3.21 | 31.3.20 | ||
|---|---|---|---|
| Unrestricted | |||
| funds | Total funds | ||
| Notes | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 6 | 6,176 | 7,266 |
| CURRENT ASSETS | |||
| Investments | 7 | 72,200 | 42,200 |
| Cash at bank and in hand | 17,475 | 13,562 | |
| 89,675 | 55,762 | ||
| CREDITORS | |||
| Amounts falling due within one year | 8 | (3,295) | (2,974) |
| NET CURRENT ASSETS | 86,380 | 52,788 | |
| TOTAL ASSETS LESS CURRENT LIABILITIES | 92,556 | 60,054 | |
| CREDITORS | |||
| Amounts falling due after more than one year | 9 | (22,078) | (21,290) |
| NET ASSETS | 70,478 | 38,764 | |
| FUNDS | 10 | ||
| Unrestricted funds | 70,478 | 38,764 | |
| TOTAL FUNDS | 70,478 | 38,764 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 4
London Tigers Limited
Balance Sheet - continued
31 March 2021
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees and authorised for issue on 15 November 2021 and were signed on its behalf by:
A Khan - Trustee
W Ahmed - Trustee
The notes form part of these financial statements
Page 5
London Tigers Limited
Notes to the Financial Statements for the Year Ended 31 March 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
2. OTHER TRADING ACTIVITIES
3.
| Fundraising & Donations Sports Programme NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/(crediting): Depreciation - owned assets Other operating leases |
31.3.21 £ 2,073 14,240 16,313 31.3.21 £ 1,090 7,293 |
31.3.20 £ 15,896 23,478 |
|---|---|---|
| 39,374 | ||
| 31.3.20 £ 1,282 6,316 |
Page 6
continued...
London Tigers Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | ||
|---|---|---|
| funds | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 119,334 | |
| Other trading activities | 39,374 | |
| Total | 158,708 | |
| EXPENDITURE ON | ||
| Other | 152,316 | |
| NET INCOME | 6,392 | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 32,372 | |
| TOTAL FUNDS CARRIED FORWARD | 38,764 | |
| 6. | TANGIBLE FIXED ASSETS | |
| Fixtures | ||
| and | ||
| fittings | ||
| £ | ||
| COST | ||
| At 1 April 2020 and 31 March 2021 | 14,112 | |
| DEPRECIATION | ||
| At 1 April 2020 | 6,846 | |
| Charge for year | 1,090 | |
| At 31 March 2021 | 7,936 | |
| NET BOOK VALUE | ||
| At 31 March 2021 | 6,176 | |
| At 31 March 2020 | 7,266 |
continued...
Page 7
London Tigers Limited
Notes to the Financial Statements - continued for the Year Ended 31 March 2021
7. CURRENT ASSET INVESTMENTS
| Reserve Account 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses 9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR Other creditors 10. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 38,764 TOTAL FUNDS 38,764 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 133,238 TOTAL FUNDS 133,238 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 32,372 TOTAL FUNDS 32,372 |
|
|---|---|
continued...
Page 8
London Tigers Limited
Notes to the Financial Statements - continued
for the Year Ended 31 March 2021
10. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 158,708 (152,316) 6,392 TOTAL FUNDS 158,708 (152,316) 6,392 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds At 31.3.21 £ £ £ Unrestricted funds General fund 32,372 38,106 70,478 TOTAL FUNDS 32,372 38,106 70,478 |
Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 158,708 (152,316) 6,392 TOTAL FUNDS 158,708 (152,316) 6,392 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds At 31.3.21 £ £ £ Unrestricted funds General fund 32,372 38,106 70,478 TOTAL FUNDS 32,372 38,106 70,478 |
Incoming Resources Movement resources expended in funds £ £ £ Unrestricted funds General fund 158,708 (152,316) 6,392 TOTAL FUNDS 158,708 (152,316) 6,392 A current year 12 months and prior year 12 months combined position is as follows: Net movement At 1.4.19 in funds At 31.3.21 £ £ £ Unrestricted funds General fund 32,372 38,106 70,478 TOTAL FUNDS 32,372 38,106 70,478 |
|---|---|---|
| 6,392 | ||
| 31.3.21 £ 70,478 |
||
| 70,478 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 291,946 | (253,840) | 38,106 |
| TOTAL FUNDS | 291,946 | (253,840) | 38,106 |
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
Page 9
London Tigers Limited
Detailed Statement of Financial Activities for the Year Ended 31 March 2021
| INCOME AND ENDOWMENTS Donations and legacies Grants & Funding Memberships/ Subscriptions Donated services and facilities Other trading activities Fundraising & Donations Sports Programme Total incoming resources EXPENDITURE Support costs Management Telephone Postage and stationery Publicity & Marketing Sundries Repairs & maintenance Cleaning & Refuse collection Finance Office Rent Water Rates Insurance Light and heat Bank charges Activity / Programme delivery Governance costs Staffing & Coaching costs Management & supervision Accountancy and legal fees Professional fees Fixtures and fittings Total resources expended Net income |
31.3.21 £ 64,446 9,705 42,774 116,925 2,073 14,240 16,313 133,238 675 155 321 390 15,387 4,498 21,426 7,293 64 4,019 5,257 35 14,030 30,698 27,970 15,000 600 4,740 1,090 49,400 101,524 31,714 |
31.3.20 £ 9,955 22,816 86,563 |
|---|---|---|
| 119,334 15,896 23,478 |
||
| 39,374 | ||
| 158,708 363 1,758 768 671 23,815 5,729 |
||
| 33,104 6,316 646 7,585 8,681 - 30,153 |
||
| 53,381 43,949 20,000 600 - 1,282 |
||
| 65,831 | ||
| 152,316 | ||
| 6,392 |
This page does not form part of the statutory financial statements
Page 10