2021-03-31-accounts

TOWER HAMLETS YOUTH SPORT FOUNDATION

TOWER HAMLETS YOUTH SPORT FOUNDATION (A company limited by guarantee)

Report and Financial Statements For the period 1 April 2020 to 31 March 2021

Charity number 1150114 Company Number 8041993

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Report of the Board of Trustees for the period 1 April 2020 to 31 March 2021

The Board of Trustees presents its directors’ report and financial statements for the period ended 31 March 2021.

Reference and Administrative Information

Charity Name: Tower Hamlets Youth Sport Foundation Charity registration number: 1150114 Company registration number: 8041993 Registered Address: Unit 20926, PO Box 6945, London, W1A 6US

Board of Trustees

Mr Chris Dunne Chair of Trustees Dr Lee Phillips Mr Duncan Sagar Mr Andy Pye Mr Keith Deane Appointed 30/07/2021 Mr Hugh Jones Appointed 30/07/2021 Ms Josie Jones Appointed 30/07/2021 Mr Aarun Kahlon Appointed 30/07/2021 Mr Mike Maddick Appointed 30/07/2021 Ms Kirti Patel Appointed 30/07/2021 Ms Claire Sng Appointed 30/07/2021 Mr David Tilstone Appointed 30/07/2021

Chief Executive Officer:

Mr Chris Willetts

Bankers :

Charities Aid Foundation (CAF) Bank LTD, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

Reporting Independent Examiner –

Michelle Nitz, HoneyStone Accounting, 75 Bluehouse Lane, Oxted, RH8 0AP

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Background, Formation and Current Status of the Foundation

Tower Hamlets Youth Sport Foundation (The Foundation) was formed in 2012 to continue the work previously developed and provided under the School Sport Partnerships (SSP) in the London Borough of Tower Hamlets (LBTH).

With the continuing administrative and personnel support of the original host school, and continuing financial support from the majority of the borough’s schools, the Foundation thrived. When the host school indicated it could no longer act in that capacity Trustees attempted to broker a partnership with the Council that would provide a financially viable foundation for future work with the borough’s schools. After lengthy discussions with the Council it was finally concluded that no such arrangement was possible. As a result, our role in the London Borough of Tower Hamlets was wound down during the 2017-18 academic year.

In autumn 2018 the Foundation embarked on a trial project in two Inner London boroughs (Greenwich and Lewisham). Called PLATFORM CRICKET it had the aim of offering all children attending a state primary school in a footprint area around south and east London with the opportunity to access support to progress through and in cricket. It was hoped that, should this prove successful, it would provide a model that could be replicated more widely.

Platform Cricket has grown exponentially in the intervening period and is now a significant contributor to personal, social, and sporting development for children in Greater London and especially in inner London.

Our programme’s model and approach has proved successful in reaching demographics and communities that cricket has traditionally found hard to engage. In turn this allows cricket to have a far greater impact on community development and social issues than it has done previously.

However, with over 500 London wards featuring over 25% of children from disadvantaged backgrounds and over 50% from BAME backgrounds, the Platform Cricket programme is only realizing a fraction of its potential. It is the charity’s intention to grow the geographical reach of the programme while further establishing it in areas where we already have a firm base.

The effects of the global pandemic have of course affected this year quite seriously. Despite the initial impacts of Covid 19 on schools and on sporting activity, we realised the following outcomes in 2019 -20:

• 142 schools engaged

• 7,336 children involved (4,988 for the first time)

• 1,910 children experiencing competitive cricket

• 35% of participants from disadvantaged backgrounds

• 73% of participants from BAME backgrounds

• 510 children in ‘pop up’ cricket clubs outside of school

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TOWER HAMLETS YOUTH SPORT FOUNDATION

The financial year 2020 – 21 of course saw much greater disruption to our programme than in 2019-20. April 2020 saw the gradual suspension of all of our programme as schools were closed along with community / leisure facilities and for three months we were restricted to using on-line technology to retain contact with existing participants.

As soon as permitted at the end of June 2020 our coaches were back at work coaching over 200 children, approximately one-third of them from economically disadvantaged backgrounds, in one-to-one net sessions. July and August saw a permitted extension to activities, with coaching of small groups of 6 and the re-establishment of competition through both softball and hardball festivals.

September 2020 saw the re-opening of schools and the restart of our 5 week coaching programme in primary schools, with a greatly expanded reach into new areas of inner London and half term holiday activities at 3 sites across London.

In November / December a limited national lockdown resulted in a suspension of indoor youth sport, but schools remained open and our in-school programme continued unaffected.

January and February 2021 saw the third national lockdown, which closed schools and community facilities and necessitated a return to online activities to maintain contact with participants.

In the last month of the financial year, March, schools re-opened for a threeweek period before Easter, and our coaches were ready to commence a shortened programme originally planned for delivery in January.

Despite at times overwhelming difficulties the programme has remained highly popular, with schools ready to re-engage at short notice when guidelines permitted and increased numbers of children attending our community-based activities as soon as these re-commenced. Trustees remain optimistic that both the programme and the charity have survived the worst of the pandemic and can look forward to returning to returning very soon to an upward growth trajectory.

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Our Aims and Objectives

Purposes and aims

Currently our company’s memorandum of association lists our purposes as follows:

• Provide assistance, support, services, coaching and facilities for recreation, sport or other leisure occupations primarily but not exclusively for the benefit of the community of inner London and any surrounding areas, in the interests of social welfare and to provide special facilities and services to persons who have a need of such by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances with the object of improving the conditions of life;

• Advance education, health, social cohesion and community safety through the promotion of physical development primarily (but not exclusively) of children, young people and students.

Platform Cricket Mission

Developing London’s children in and through cricket

The programme aims to:

• Increase the number of children in London participating in cricket

• Increase the number of children from disadvantaged and BAME backgrounds participating in cricket

• Support personal and social development through cricket

How our activities deliver public benefit

Our work directly and indirectly supports:

• Improvements in Physical and Mental Health

• Educational Attainment

• Social Cohesion, Equality & Justice

• Civic Pride

• Improvements in Youth Unemployment

• Crime and Anti-Social Behaviour Reduction

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Who used and benefited from our services?

Platform Cricket’s services are predominantly aimed at 7-11 year olds living in or attending school in Greater London.

However, we also work on projects that extend this age range in the areas of greatest need, as well as supporting older students, participants’ family members and the wider community with activity, volunteering and qualifications.

Financial Review

Trustees monitor all expenditure in the Foundation’s name against the income received directly into the CAF Bank Account.

It remains our intention to build a healthy level of unrestricted surplus in order to safeguard the Foundation’s ability to continue the provision of its services.

We were pleased to receive charitable donations totalling £182,515 during the period (2019-20: £142,607) . This represented a reasonable increase but remains lower than historic levels of fundraising as the charity continues to rebuild.

Structure, Governance and Management

The organisation is a charitable company limited by guarantee, incorporated on 23 April 2012 and registered as a charity on 10 December 2012. The company was established under a Memorandum and Articles of Association that set out the objects and powers of the charitable company and its governance. In the event of the company being wound up members are required to contribute an amount not exceeding £10.

All members of the company must also be a director and, as such, are also charity trustees for the purposes of charity law. Under the requirements of the Articles of Association, one-third of those directors who have been in office for at least three years must retire from office but may be re-elected

All directors give their time voluntarily and received no benefits from the charity.

The Articles require the number of directors to be not less than 4.

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Responsibilities of the Board

Company law requires the Board to prepare financial statements for each financial year that give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure. In preparing those financial statements, the directors should follow best practice and:

• select suitable accounting policies and then apply them consistently;

• make judgements and estimates that are reasonable and prudent; and

• ● prepare the financial statements on the going concern basis unless it is not appropriate to assume that the company will continue on that basis.

The Board is responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 1985. The Board is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The directors who served during the period and up to the date of this report are set out on page 2.

In accordance with company law, as the company’s directors, we certify that:

• so far as we are aware, there is no relevant information of which the company’s independent examiner is unaware; and

• as the directors of the company we have taken all the steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity’s independent examiner is aware of that information.

Approved by the directors on 16[th] December 2021 and signed on their behalf by:

Chris Dunne

Director

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Statement of Financial Activities (including Income & Expenditure Account) for the period 1 April 2020 to 31 March 2021

	Notes	Unrestricted	Restricted	Total	Total
		Funds	Funds	Funds	Funds
		2021	2021	2021	2020
		£	£	£	£
Incoming resources
Charitable donations	2	66,037	116,478	182,515	142,607
Bank interest		0	-	0	0
Increase/(Decrease) in Surplus		0	-	0	0
Total incoming resources		66,037	116,478	182,515	142,607
Resources expended	3
Charitable activities		63,232	93,597	156,829	136,720
Governance costs		0	-	0	0
Total resources expended		63,232	93,597	156,829	136,720
Net income for the year and
net movement in funds		2,805	22,881	25,686	5,887
Reconciliation of funds
Total funds brought forward		27,057	1,955	29,011	23,125
Total funds carried forward		29,862	24,836	54,697	29,011

The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Balance Sheet as at 31 March 2021

(2020: 31 March 2020)

Note Current Assets Debtors: amounts due within one year: Debtors Cash at bank and in hand __ Creditors: amounts falling due within one year: Balance due to associated undertaking Net Current Assets and Net Assets Unrestricted funds Restricted funds Total Funds 5	2021 £ 0 54,697 ______ 0 29,862 24,836	2021 £ 2020 £ 2020 £ 0 29,011 ____ 54,697 29,011 0 (0) 0 54,697 29,011 27,057 1,955 54,697 29,011

These accounts are prepared in accordance with the special provisions of Part VII of the Companies Act 2006 relating to small companies.

Approved by the directors on 16[th] December 2021 and signed on their behalf by:

C Dunne Director

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Notes forming part of the Financial Statements for the period ended 31 March 2021

1. Accounting Policies

The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the period.

(a) Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 1985 and the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.

(b) 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.

(c) Incoming resources

All incoming resources are included in the statement of financial activities when the charity is entitled to, and virtually certain to receive, the income and the amount can be quantified with reasonable accuracy.

(d) Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT that cannot be fully recovered, and is reported as part of the expenditure to which it relates.

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TOWER HAMLETS YOUTH SPORT FOUNDATION

2. Donations

Donations in the period amounted to £182,515. This was a reasonable increase from 2019-20 (£142,607) but lower than historic levels of fundraising as the charity continues to rebuild. Donations amounting to £116,478 were restricted. Donations amounting to £46,987 were made by individuals.

Major Grants/Donations for Charitable Purposes	2020-21	2019-20
London Borough of Lewisham	£25,000.00	£25,000.00
Munton Family Trust	£17,000.00	£18,000.00
Clothworkers Foundation	£9,500.00	£0.00
Peabody Housing	£9,225.00	£0.00
City of London	£9,000.00	£0.00
Sport England	£8,906.00	£0.00
Worshipful Company of Drapers	£7,500.00	£0.00
England & Wales Cricket Board (via Kent Cricket)	£7,500.00	£7,500.00
Marlow Trust	£7,500.00	£5,000.00
Camden Giving	£6,858.00	£0.00

3. Resources expended

In 2020-21, £156,829 was expended on charitable activities. This was a small increase from 2019-20 (£136,720 ) and is significantly lower than the charity’s historic levels of expenditure which reflects both a smaller scale of activity and reduced level of income.

4. Taxation

As a charity, Tower Hamlets Youth Sport Foundation is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.

5. Movement in funds

The balance on Total Funds at the end of the reporting period of £54,697 (201920: £29,011) has arisen wholly from income generated less expenditure as reported in the statement of financial activities.

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TOWER HAMLETS YOUTH SPORT FOUNDATION

Independent Examiner’s Report to the Trustees of Tower Hamlets Youth Sport Foundation

I report on the accounts of the charity for the period ended 31 March 2021, which are set out on pages 9 to 12.

Respective responsibilities of trustees and examiner

The charity’s trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The charity trustees consider that an audit is not required for the period under review under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

• examine the accounts under section 145 of the 2011 Act;

• to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and

• to state whether particular matters have come to my attention.

Basis of independent examiner’s statement

My examination is carried out in accordance with the general Directions given by the Charity Commissioners. 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 seeks 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.

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Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

1. which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with section 386 of the Companies Act 2006; and

3. to prepare accounts which accord with the accounting records, comply with accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities;

4. have not been met, or

5. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Name: Michelle Nitz

Relevant professional qualification or body: ICAEW

Address: HoneyStone Accounting Limited, 75 Bluehouse Lane, Oxted, RH8 0AP. Date: 21[st] November 2021

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