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2025-07-31-accounts

Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

REGISTERED CHARITY NUMBER: 1153993

Report of the Trustees and

Unaudited Financial Statements for the Year Ended 31 July 2025

for

WATERFRONT SPORTS & EDUCATION ACADEMY

AKS Advisers 14-15 Lower Grosvenor Place London SW1W 0EX

Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Contents of the Financial Statements FOR THE YEAR ENDED 31 JULY 2025

Page
Report of the Trustees 1 to 5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 to 19
Detailed Statement of Financial Activities 20 to 21

Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025

The trustees present their report with the financial statements of the charity for the year ended 31 July 2025. 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).

Page 1

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WATERFRONT SPORTS & EDUCATION ACADEMY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025

OBJECTIVES AND ACTIVITIES Objectives and aims

1. Mission of the organisation:

To assist disadvantage groups and individuals achieve a better quality of life by providing outcome orientated solutions to social issues that are innovative and person cantered.

2. Values of the organisation

Person Centred

Build links and community cohesion across ethnicity, culture and gender Equality Partnerships Adaptability and flexibility Transparency and openness Continual improvement Communication

3. Objectives and Activities

3.2. To create partnerships with private, public and voluntary organisations to:

3.3 To become a sustainable organisation by:

4. Objectives:

4.1 Medium term objectives (2024/25):

4.2 Medium term objectives (2025/26):

The trustees intend to continue developing Waterfront Sports & Education Academy's provision across Leicester and the surrounding areas, increasing opportunities for young people to engage in positive sport, education and mentoring activities. The charity will seek to strengthen partnerships with schools, youth justice services, local authorities and community organisations to maximise its reach and impact.

Key objectives include:

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WATERFRONT SPORTS & EDUCATION ACADEMY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025

4.3 Medium term objectives (2026/27):

The trustees aim to build on the charity's established programmes and partnerships to increase long-term community impact and organisational sustainability throughout Leicester and the wider region.

Key objectives include:

Significant activities

The charity's principal activities are the delivery of boxing and youth engagement programmes, which are used as vehicles to positively engage young people, alongside the provision of keep-fit and wellbeing sessions for the local community.

Public benefit

In reviewing our aims, objectives and planning future activities, the Trustees have considered the Charity Commission's general guidance on public benefit and in particular its supplementary public guidance on the advancement of religion for the public benefit.

The Trustees always ensure that the activities undertaken are in line with the charitable objectives and aims of the Charity. Following activities were undertaken during the year:

Please refer to charity's website for further information of its activities : - www.waterfrontsea.co.uk

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WATERFRONT SPORTS & EDUCATION ACADEMY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

During the year, the charity continued to use sport and boxing-based interventions to engage young people and support positive social outcomes within the local community. Programmes focused on improving wellbeing, confidence, discipline, and reducing involvement in anti-social behaviour.

Fundraising activities

We will continue to deliver boxing and fitness sessions to raise money, as well as writing bids for funding from national partners.

FUTURE DEVELOPMENTS

The charity will continue to deliver boxing and fitness sessions to generate income, alongside submitting funding applications and developing partnerships with national funding organisations to support future programme delivery.

Developments

We will be looking to maintain & increase our ties with local community organisations

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document (Dated 27 September 2013), a deed of trust, and constitutes an Charitable incorporated organisation.

Organisational structure

Organisational structure
Board of Trustees 3
Volunteers 11
Boxing Coaches 5
Sessional Workers 3

We have 3 Trustees at Waterfront Sport & Education Academy who over see's the project.

The CEO who works in a voluntary capacity facilities and co-ordinates projects and the running of the centre, reporting back to the Trustees.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The Board conducts a general annual review of the risks the charity may face and it reviews its systems and procedures to mitigate those risks it identifies.

Specific requirements will arise from time to time under risk management procedures according to the undertakings to be embarked upon in any year. Where an exposure arises through, for example, major property refurbishment works, it is invariably the case that specialist professional advice will be sought and followed.

The board believes that through its periodic review of financial management and quarterly meetings with the CEO, effective measures are in place to monitor any new risks that may arise and to ensure appropriate mitigation measures are implemented.

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WATERFRONT SPORTS & EDUCATION ACADEMY

Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1153993

Principal address

Unit 15 Lister Building Marjorie Street Leicester LE4 5GY

Trustees

Mr M Patel Mr M E Lewis (appointed 17.4.26) Ms T Burgess Mr M D Patel (appointed 17.4.26) Mr N N Gohil

Independent Examiner

AKS Advisers 14-15 Lower Grosvenor Place London SW1W 0EX

GOING CONCERN

As mentioned in our previous report, as part of our ongoing efforts to ensure long-term sustainability, we implemented a comprehensive restructure of our business plan. A key development in this process was the CEO stepping down from the payroll at the end of July 2023, transitioning into a voluntary capacity from August 2023. This move reflects our strategic decision to reduce operational costs while maintaining strong leadership.

FINANCIAL REVIEW

Details of the current year's results appear in the Financial Statements from page 8.

The total incoming resources for the year amounted to £62,659 (2024: £44,286). The main items of income are from grants of £24,406 (2024: £14,699) and Income-school of £21,943 (2024: £19,533). Grants are to be utilised for premises improvement, sports and administration support.

The total resources expended for the year amounted to £62,388 (2024: £70,619). The main items of expenditure are Light and heat cost £11,660 (2024: £12,989) and property rental £21,493 (2024: £24,344). Governance costs totalling £3,967 (2024: £3,952) are held to be satisfactory for the size and complexity of the charity's operations (financial details can be found on page 22).

Jul 11 2026

Approved by order of the board of trustees on ............................................. and signed on its behalf by:

................................................................. Ms T Burgess - Trustee

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Independent Examiner's Report to the Trustees of Waterfront Sports & Education Academy

Independent Examiner's Report to the Trustees of Waterfront Sports & Education Academy

I report to the trustees on my examination of the financial statements of Waterfront Sports & Education Academy ('the charity') for the year ended 31 July 2025 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of Cash Flows 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 I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for my work, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 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 their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently I express no audit opinion on the accounts and my report is limited to those specific matters set out in the independent examiner's statement.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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 financial statements to be reached.

Ashish Kirtikumar Shah ACA

AKS Advisers 14-15 Lower Grosvenor Place London SW1W 0EX

Jul 20 2026 Date: .............................................

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2025

31.7.25 31.7.24
Unrestricted Restricted Total Total
funds funds funds funds
Notes £ £ £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 16,227 - 16,227 9,867
Charitable activities
Grant for Wages - - - 2,000
Streetgames 5,699 - 5,699 2,500
Youth Projects
6,606 - 6,606 -
Holiday activities 12,102 - 12,102 9,029
Box to Bit It - - - 1,170
Other trading activities 2 21,940 - 21,940 19,533
Investment income 3 85 - 85 187
Total 62,659 - 62,659 44,286
EXPENDITURE ON
Charitable activities
Grant for Wages - - - 2,000
General
43,679 - 43,679 55,920
Streetgames - - - 2,500
Youth Projects
6,606 - 6,606 -
Holiday activities 12,101 - 12,101 9,029
Box to Bit It - - - 1,170
Total 62,386 - 62,386 70,619
NET INCOME/(EXPENDITURE) 273 - 273 (26,333)
RECONCILIATION OF FUNDS
Total funds brought forward (2,164) - (2,164) 24,169
TOTAL FUNDS CARRIED FORWARD (1,891) - (1,891) (2,164)

The notes form part of these financial statements

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Balance Sheet 31 JULY 2025

Unrestricted
Restricted
funds
funds
Notes
£
£
FIXED ASSETS
Tangible assets
8
21,037
-
CURRENT ASSETS
Debtors: amounts falling due within one year 9
7,945
-
Cash at bank and in hand
4,005
-
11,950
-
CREDITORS
Amounts falling due within one year
10
(13,551)
-
NET CURRENT ASSETS
(1,601)
-
TOTAL ASSETS LESS CURRENT
LIABILITIES
19,436
-
CREDITORS
Amounts falling due after more than one year 11
(21,327)
-
NET ASSETS
(1,891)
-
FUNDS
14
Unrestricted funds
TOTAL FUNDS		 31.7.25
Total
funds
£
21,037
7,945
4,005
11,950
(13,551)
(1,601)
19,436
(21,327)
(1,891)
(1,891)
(1,891)		 31.7.24
Total
funds
£
26,198
8,089
17,749
25,838
(27,189)
(1,351)
24,847
(27,011)
(2,164)
(2,164)
(2,164)

The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by: Jul 11 2026

............................................. Ms T Burgess - Trustee

The notes form part of these financial statements

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Notes to the Financial Statements FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, 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 Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Preparation of the financial statements on a going concern basis

The financial statements are drawn up on the going concern basis which assumes the charity will continue in operational existence for the foreseeable future. The Board of Trustees have given due consideration to the working capital and cash flow requirements of the charity. The Board of Trustees consider the charity's current and forecast cash resources to be sufficient to cover the working capital requirements of the charity for at least 24 months from the date of signing the financial statements.

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.

Unrestricted charitable donations are recognised in the financial statements when the charitable donation has been received, or if, before receipt, there is sufficient evidence to provide the necessary certainty that the donation will be received and the value of the incoming resources can be measured with sufficient reliability.

Donated professional services and donated facilities are recognised as income when the charity has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time is not recognised.

On receipt, donated professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

Interest income on cash balance is accounted for when received and accrued when entitled to the income.

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.

Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Computer equipment - 33% on reducing balanc Long leasehold - 10% on reducing cost

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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

1. ACCOUNTING POLICIES - continued

Taxation

The charity is exempt from 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.

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.

Financial instruments

Financial assets (including cash and debtors) and financial liabilities are recognised when the charity becomes a party to the contractual provisions of the instrument. Additionally, all financial assets and liabilities are classified according to the substance of the contractual arrangements entered into.

Financial assets and liabilities are initially measured at transaction price (including transaction costs) and are subsequently remeasured where applicable at amortised cost.

Financial assets include cash, debtors, other debtors, prepayments and accrued income.

Financial liabilities include creditors, other creditors, accruals and deferred income.

2. OTHER TRADING ACTIVITIES

Unrestricted
Restricted
funds
funds
£
£
Income-Gym
(3)
-
Income-Schools
21,943
-
21,940
-
INVESTMENT INCOME
Unrestricted
Restricted
funds
funds
£
£
Deposit account interest
85
-		 31.7.25
Total
funds
£
(3)
21,943
21,940
31.7.25
Total
funds
£
85		 31.7.24
Total
funds
£
-
19,533
19,533
31.7.24
Total
funds
£
187

3. INVESTMENT INCOME

Interest on cash balance is accounted for when received and accrued when entitled to the income.

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WATERFRONT SPORTS & EDUCATION ACADEMY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

4.
SUPPORT COSTS
Management
£
General
37,423
Youth Projects
4,856
Holiday activities
10,416
52,695
Support costs, included in the above, are as follows:
Youth
General
Projects
£
£
Social security
200
-
Other operating leases
6,221
4,856
Rates and water
2,799
-
Insurance
2,765
-
Light and heat
11,660
-
Telephone
1,635
-
Postage and stationery
411
-
Travelling
1,274
-
Sundries
559
-
Subscriptions
566
-
Refreshments
2,599
-
Repairs & renewals
2,768
-
Accountancy
1,109
-
Independent examinator
fees
1,985
-
Consultancy fees
89
-
Computer costs
783
-
Bank charges
98
-
Interest payable and sim
chs
619
-
38,140
4,856		 Finance
£
98
-
-
98
Holiday
activities
£
-
10,416
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
10,416		 Other
£
619
-
-
619
31.7.25
Total
activities
£
200
21,493
2,799
2,765
11,660
1,635
411
1,274
559
566
2,599
2,768
1,109
1,985
89
783
98
619
53,412		 Totals
£
38,140
4,856
10,416
53,412
31.7.24
Total
activities
£
-
24,343
1,925
2,751
12,989
2,851
276
3,892
648
580
904
1,211
1,075
1,985
-
893
170
960
57,453

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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

5. TRUSTEES' REMUNERATION AND BENEFITS

Trustees received no remuneration during the financial year or preceding year.

Trustees' expenses

There were no expenses paid to trustees for the year ended 31 July 2025 and year ended 31 July 2024.

6. STAFF COST

STAFF COST
31.07.25 31.07.24
£ £
Wages and salaries 3,592 3,857

No employees received emoluments in excess of £60,000.

7.

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
Restricted
funds
funds
£
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
9,867
-
Charitable activities
Grant for Wages
2,000
-
Streetgames
2,500
-
Holiday activities
9,029
-
Box to Bit It
1,170
-
Other trading activities
2,733
16,800
Investment income
187
-
Total
27,486
16,800
EXPENDITURE ON
Charitable activities
Grant for Wages
2,000
-
General
35,848
20,072
Streetgames
2,500
-
Holiday activities
9,029
-
Box to Bit It
1,170
-
Total
50,547
20,072
NET INCOME/(EXPENDITURE)
(23,061)
(3,272)
RECONCILIATION OF FUNDS
Total funds brought forward
20,897
3,272		 Total
funds
£
9,867
2,000
2,500
9,029
1,170
19,533
187
44,286
2,000
55,920
2,500
9,029
1,170
70,619
(26,333)
24,169

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WATERFRONT SPORTS & EDUCATION ACADEMY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

7. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued
Unrestricted Restricted Total
funds funds funds
£ £ £
TOTAL FUNDS CARRIED FORWARD (2,164) - (2,164)
8. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£ £ £
COST
At 1 August 2024 and 31 July 2025 20,750 275 94,548
DEPRECIATION
At 1 August 2024 10,825 264 80,112
Charge for year 993 3 3,609
At 31 July 2025 11,818 267 83,721
NET BOOK VALUE
At 31 July 2025 8,932 8 10,827
At 31 July 2024 9,925 11 14,436
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 August 2024 and 31 July 2025 6,500 18,905 140,978
DEPRECIATION
At 1 August 2024 5,924 17,655 114,780
Charge for year 144 412 5,161
At 31 July 2025 6,068 18,067 119,941
NET BOOK VALUE
At 31 July 2025 432 838 21,037
At 31 July 2024 576 1,250 26,198

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WATERFRONT SPORTS & EDUCATION ACADEMY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

9.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.25
£
Trade debtors
3,336
Prepayments and accrued income
4,609
7,945
10.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.25
£
Bank loans and overdrafts (see note 12)
5,469
Other creditors
8,082
13,551
11.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.25
£
Bank loans (see note 12)
21,327
12.
LOANS
An analysis of the maturity of loans is given below:
31.7.25
£
Amounts falling due within one year on demand:
Bank loans
5,469
Amounts falling between one and two years:
Bank loans - 1-2 years
5,469
Amounts falling due between two and five years:
Bank loans - 2-5 years
15,858
The Bounce Back Loan has a fixed interest rate of 2.5% per year.		 31.7.24
£
2,200
5,889
8,089
31.7.24
£
5,469
21,720
27,189
31.7.24
£
27,011
31.7.24
£
5,469
5,469
21,542

13. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

Within one year
Between one and five years		 31.7.25
£
16,000
57,666
73,666		 31.7.24
£
30,000
89,333
119,333

During the year company recognised £21,493 (2024: £24,343) as operating lease payment in SoFA.

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WATERFRONT SPORTS & EDUCATION ACADEMY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

14. MOVEMENT IN FUNDS

MOVEMENT IN FUNDS
Net
movement At
At 1.8.24 in funds 31.7.25
£ £ £
Unrestricted funds
General fund (22,164) 273 (21,891)
BBC Children in Need 10,000 - 10,000
The Henry Smith Charity
10,000 - 10,000
(2,164) 273 (1,891)
TOTAL FUNDS (2,164) 273 (1,891)
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 38,253 (37,980) 273
Street Games UK
5,699 (5,699) -
LEICESTER CITY COUNCIL 18,707 (18,707) -
62,659 (62,386) 273
TOTAL FUNDS 62,659 (62,386) 273

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Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

14. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Unrestricted funds
General fund
BBC Children in Need
LCC - Ward
Incredible Investion
The Henry Smith Charity
Samworth Bros
WSE Academy Ltd
Restricted funds
GFW-R
Samworth Bros
Box Smart
TOTAL FUNDS		 Net
movement
At 1.8.23
in funds
£
£
(8,036)
(14,128)
10,000
-
1,000
(1,000)
9,600
(9,600)
10,000
-
1,000
(1,000)
(2,667)
2,667
20,897
(23,061)
(16,800)
16,800
13,530
(13,530)
6,542
(6,542)
3,272
(3,272)
24,169
(26,333)		 At
31.7.24
£
(22,164)
10,000
-
-
10,000
-
-
(2,164)
-
-
-
-
(2,164)

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

14. 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 2,920 (17,048) (14,128)
LCC - Ward - (1,000) (1,000)
Incredible Investion
- (9,600) (9,600)
Samworth Bros - (1,000) (1,000)
Street Games UK
2,500 (2,500) -
WSE Academy Ltd 9,867 (7,200) 2,667
ALLIANZ MGMT SERVICE 2,000 (2,000) -
LEICESTER CITY COUNCIL 9,029 (9,029) -
ENGLAND BOXING 1,170 (1,170) -
27,486 (50,547) (23,061)
Restricted funds
GFW-R 16,800 - 16,800
Samworth Bros - (13,530) (13,530)
Box Smart - (6,542) (6,542)
16,800 (20,072) (3,272)
TOTAL FUNDS 44,286 (70,619) (26,333)

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

WATERFRONT SPORTS & EDUCATION ACADEMY

14. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1.8.23 in funds 31.7.25
£ £ £
Unrestricted funds
General fund (8,036) (13,855) (21,891)
BBC Children in Need 10,000 - 10,000
LCC - Ward 1,000 (1,000) -
Incredible Investion
9,600 (9,600) -
The Henry Smith Charity
10,000 - 10,000
Samworth Bros 1,000 (1,000) -
WSE Academy Ltd (2,667) 2,667 -
20,897 (22,788) (1,891)
Restricted funds
GFW-R (16,800) 16,800 -
Samworth Bros 13,530 (13,530) -
Box Smart 6,542 (6,542) -
3,272 (3,272) -
TOTAL FUNDS 24,169 (26,060) (1,891)

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continued...

Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Notes to the Financial Statements - continued FOR THE YEAR ENDED 31 JULY 2025

14. MOVEMENT IN FUNDS - continued

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 41,173 (55,028) (13,855)
LCC - Ward - (1,000) (1,000)
Incredible Investion
- (9,600) (9,600)
Samworth Bros - (1,000) (1,000)
Street Games UK
8,199 (8,199) -
WSE Academy Ltd 9,867 (7,200) 2,667
ALLIANZ MGMT SERVICE 2,000 (2,000) -
LEICESTER CITY COUNCIL 27,736 (27,736) -
ENGLAND BOXING 1,170 (1,170) -
90,145 (112,933) (22,788)
Restricted funds
GFW-R 16,800 - 16,800
Samworth Bros - (13,530) (13,530)
Box Smart - (6,542) (6,542)
16,800 (20,072) (3,272)
TOTAL FUNDS 106,945 (133,005) (26,060)

15. RELATED PARTY DISCLOSURES

During the year, the Charity received a donation of £16,227 (2024: £Nil) from Yuvraj Impex Limited, representing waived rent invoices. Additionally, the company has granted a rent-free period until 30 November 2026. The Charity's Trustee, Mrs Tara Burgess, serves as the sole director of Yuvraj Impex Limited.

During the year, The Charity received a grant of £Nil (2024: £7,200) from WSE Academy Ltd for which Mrs Tara Burgess serves as the sole director.

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2025

31.7.25 31.7.24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 16,227 9,867
Other trading activities
Income-Gym (3) -
Income-Schools 21,943 19,533
21,940 19,533
Investment income
Deposit account interest 85 187
Charitable activities
Grants 24,407 14,699
Total incoming resources 62,659 44,286
EXPENDITURE
Charitable activities
Wages 3,592 3,857
Coaching & games costs 221 631
Tools - 1,951
Freehold property - 1,103
Short leasehold 992 -
Depn of plant & machinery 3 4
Depn of fixtures & fittings 3,609 4,812
Depn of motor vehicles 144 192
Depn of computer equipment 413 616
8,974 13,166
Support costs
Management
Social security 200 -
Other operating leases 21,493 24,343
Rates and water 2,799 1,925
Insurance 2,765 2,751
Light and heat 11,660 12,989
Telephone 1,635 2,851
Postage and stationery 411 276
Travelling 1,274 3,892
Sundries 559 648
Subscriptions 566 580
Refreshments 2,599 904
Carried forward 45,961 51,159

This page does not form part of the statutory financial statements

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Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW

WATERFRONT SPORTS & EDUCATION ACADEMY

Detailed Statement of Financial Activities FOR THE YEAR ENDED 31 JULY 2025

31.7.25 31.7.24
£ £
Management
Brought forward 45,961 51,159
Repairs & renewals 2,768 1,211
Accountancy 1,109 1,075
Independent examinator fees 1,985 1,985
Consultancy fees 89 -
Computer costs 783 893
52,695 56,323
Finance
Bank charges 98 170
Other
Bank loan interest 619 960
Total resources expended 62,386 70,619
Net income/(expenditure) 273 (26,333)

This page does not form part of the statutory financial statements

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