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 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW ## **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 - **3.1** To create a charity which will: - Provide quality boxing, sporting and fitness activities - Provide good quality volunteering opportunities - Works with a range of agencies and partners to address social issues - Support disadvantages and challenging young people - Enable users to be involved in its management and delivery ## **3.2.** To create partnerships with private, public and voluntary organisations to: - Address key social issues facing the young people and local community - Facilitate good community cohesion - Support key priorities for the city and local area, e.g. crime and disorder and raising education attainment - Improve well being across community groups ## **3.3** To become a sustainable organisation by: - Generating income from our activities - Reviewing and evaluating our mission on a regular basis ## **4. Objectives:** ## **4.1** Medium term objectives (2024/25): - Engagement in Holiday, Activity and Food Programmes throughout the school holidays (Easter & Summer) - Deliver Active Together Workforce Development programme, with concluding Report - Increase income working with the University of Leicester through the delivery of their Boxing Society - Deliver funded programme in partnership with Active Leicester targeting inactivity - Facilitate community projects to assist in reducing inequality gaps - Deliver project in association with Street Games & Youth Endowment (Towards Sport Multi-site trial) - Deliver a sports & education intervention programme with the Youth Justice Team - To increase our engagement of boxing sessions in secondary schools across Leicester and Leicestershire - Work with Leicester base FE Alternative Education Provision - Develop new partnerships for Leicester base community groups - Continue to work with England Boxing ## **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: - Increasing participation in sport, education and personal development programmes. - Expanding the charity's engagement with young people facing social, educational and economic disadvantage. Page 2 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW ## **WATERFRONT SPORTS & EDUCATION ACADEMY** ## **Report of the Trustees FOR THE YEAR ENDED 31 JULY 2025** - Securing additional grant funding and commissioned work to support sustainable growth. - Strengthening monitoring and evaluation processes to demonstrate positive outcomes for beneficiaries. - Developing pathways into education, training, employment and volunteering opportunities. - Building organisational capacity through staff, volunteer and trustee development. ## **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: - Expanding programme delivery to reach a greater number of beneficiaries. - Securing longer-term funding agreements and diversifying income streams. - Enhancing the quality and range of programmes available to participants. - Strengthening strategic partnerships with education, community and statutory organisations. - Continuing to improve governance, operational effectiveness and impact measurement. - Exploring opportunities to improve facilities, equipment and resources to support future growth. ## **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: - Recreational Boxing Session 3x a week August 24-July 25 - Active Leicester Inactivity Project September 24- March 25 - University of Leicester Boxing Society October 24 - April 25 - Delivery of boxing across city base secondary Schools - October 24 - June 25 - Easter HAF (Holiday Activities and Food) April 25 - Street Games/Youth Endowment Fund April 25 - continuous - Youth Justice Project May 25- July 25 - Work force Development project (Continuous) - Summer HAF July 25 - Delivery of Boxing in South Leicestershire secondary schools - April 25 - July 25 - Summer HAF Programme July 2023 Please refer to charity's website for further information of its activities : - www.waterfrontsea.co.uk Page 3 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW ## **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. - Weekly delivery throughout the year - Increased participation in holiday programmes - Continuation of UOL Society delivery - Youth justice intervention programme - School engagement activities - Mentoring & education support - New and continued partnerships with local authority, community organisations and sports partnerships. ## **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. Page 4 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW ## **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 Page 5 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW **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: - accounting records were not kept in respect of the charity as required by section 130 of the Act; or - the financial statements do not accord with those records. 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: ............................................. Page 6 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 Page 7 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 Page 8 Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW **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 Page 9 continued... Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW **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. Page 10 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** |**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**| |---|---|---|---| Page 11 continued... Zoho Sign Document ID: 4AEB741B4-VJDBSEZNEHSYJTB_GVFOAT4EVW2SMTJHJ6VSVFZ8OOW **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| |---|---| Page 12 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** |**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| Page 13 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** |**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. Page 14 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** |**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**| Page 15 continued... 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** ## **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)| |---|---|---| Page 16 continued... 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)| Page 17 continued... 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)|| Page 18 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. Page 19 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 Page 20 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 Page 21