## **LONDON BASKETBALL ASSOCIATION**
## **CHARITY NO.1164277**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 JULY 2024**
## **LONDON BASKETBALL ASSOCIATION**
## **TABLE OF CONTENTS**
|**Contents**|**Page**|
|---|---|
|Trustees' Annual Report|
2-6|
|Independent Examiner’s Report|7-8|
|Statement of Financial Activities|9|
|Balance sheet|10|
|Notes to Financial Statements|11-20|
1
## **LONDON BASKETBALL ASSOCIATION**
## **Report of the Trustees For the period 1 Aug 2023 to 31 July 2024**
The trustees present their report with the financial statements of the charity for the year ended 31 July 2023. 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).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
The promotion of community participation in healthy recreation by the provision of basketball and basketball related activities and the advancement of education for the public benefit in such ways as the trustees see fit.
## **Significant activities**
The past year has been eventful as we continued our usual programmes including:
- Weekly Basketball Sessions
- Tournaments & Competitions
- School Holiday Camps
- Westminster School League
- Basketball Referee, Table Official & Coach (ROC) Vocational Training
- Volunteering / Internships
All programmes that were delivered throughout the year are equally important and complemented each other well. For example, many of the young people that attended our weekly sessions ended up getting qualified as ROCs, highlighting how we used basketball as a hook and then presented them with other developmental opportunities.
Our partnership with London Youth continued in the past year and we delivered an amazing 3x3 basketball tournament, which engaged 175 young people (90 female participants) from 25 different youth clubs, teams and community groups. The community impact of this tournament was incredible, as it brought together diverse young Londoners from various backgrounds, allowing them to enjoy basketball in a positive and vibrant environment.
Our school holiday and food programme throughout the year was a great success as we provided physical activity and food to the most disadvantaged young people. The holiday period is a crucial time to engage young people, as they are off from school and need extracurricular sports activities to stay fit and healthy. Additionally, being away from school puts pressure on parents who would otherwise have struggled to provide meals for their children, especially since most from our community rely on free school meals during the academic year.
The LBA Westminster School League 2023/24, which is an extracurricular programme, was amazing as schools got to compete against each other and engage with peers from across the borough. The League engaged 310 young people across the U14 and U16 categories for both boys and girls.
2
## **LONDON BASKETBALL ASSOCIATION**
On a side note, the average free school meal rate for the schools that participated in the — LBA Westminster School League 2023/24 was 41% significantly higher than the average for all of London, which stands at 26.6%. This highlights our commitment to engaging the most socioeconomically disadvantaged youth.
We want to highlight a new initiative that we started in Spring 2024, which is having professional referees at some of the LBA weekly basketball sessions. Not only did this improve the standard of the sessions, but it inspired the young people to get invol ved as the referees’ roles were not only to officiate, but to mentor the participants.
The professional referees’ presence in the sessions was a way of inspiring the young people to go beyond just playing by learning from the officials and taking the initiative to get qualified as a referee to pursue a viable career in the sport that they love.
The referees that we qualified benefited greatly from this as they got to officiate at our weekly sessions so that they are more prepared before completing their first paid job in a real basketball match. Overall, this model was extremely successful and the LBA will definitely continue it in the future.
## **Policy on social investment**
We open our resources to the wider community, allowing more collaboration and adding a valued presence in the basketball realms.
## **OBJECTIVES AND ACTIVITIES**
## **Contribution made by volunteers**
We are deeply grateful to the volunteers and interns who supported us across all departments and played a key role in LBA's success. Whether in the office, at our basketball sessions, or at camps and events across London, they contributed with their skills, enthusiasm, and hard work.
LBA's Volunteering and Internship Programme provided essential opportunities for disadvantaged youth to develop crucial life and employability skills. Volunteers had the chance to get involved on the ground, supporting LBA activities at various venues across the capital, including at our 3x3 basketball tournament and school holiday camps.
Equally important were the volunteers and interns in the office who handled the administrative and project management aspects of our work, laying the foundation for LBA's activities and events.
We continue to receive amazing feedback from volunteers and interns, who appreciate the supportive environment we provide and the opportunity to develop confidence, as well as soft & hard skills.
We are committed to providing an exceptional volunteering and internship experience that helps young people gain the confidence and practical skills needed to thrive and become productive members of society. In addition to our basketball activities and qualifications training, we view volunteering as a key LBA programme that boosts confidence and significantly enhances employability.
3
## **LONDON BASKETBALL ASSOCIATION**
## **ACHIEVEMENT AND PERFORMANCE**
## **Summary of main achievements of the charity**
The rising cost of living continued to play a part, and our communities remain disproportionately affected. LBA's programmes have been crucial in providing vital services to the most marginalised young people, and we are proud to have played our part in bridging the gap with free activities. Whether through weekly sessions, school holiday camps, tournaments, school leagues or vocational training, we gave young people a safe space not only to stay active but also to engage with their peers and benefit from the guidance of experienced mentors, including LBA coaches and staff.
The past year has reinforced that basketball is an excellent way to engage young people from deprived communities, providing them with opportunities to develop further, such as becoming qualified basketball coaches or officials.
We were able to provide young people from marginalized backgrounds with a comprehensive experience that not only got them active and fit, but also helped improve other aspects of their lives, such as soft skills, academic performance, and employability. Furthermore, we saw that bringing our young people together with LBA experienced coaches encourages them to step out of their comfort zones and become more engaged members of society.
## **FINANCIAL REVIEW**
## **Principal funding sources**
LBA has a robust fundraising strategy which helps us raise funds from grants as well as income from services. Grants make up the majority of income, though we are working towards diversifying income streams to increase self-sustainability. Revenue generated from non-grant sources came in the form of:
- Coach and Officials Hiring Services - Kids’ Birthday Parties
- Basketball Programmes
- School Leagues & Competitions
- Basketball Freestyler Sessions
- HolidayActivities
- One-off, bespoke consultancy service
## **FINANCIAL REVIEW Reserves policy**
The London Basketball Association and its Trustees believe that unrestricted reserves should be in the region of 9 months for the following reasons:
- Provide sufficient working capital for the following year, particularly to provide against a downturn in revenue generation
- Mitigate the risk of unforeseeable expenditure
- To ensure that delays in the receipt of expected income do not interrupt services or cause financial difficulty for charity
- Invest in organizational development, strengthening our institutional infrastructure to better support front-line delivery and boost long-term stability and sustainability
4
## **LONDON BASKETBALL ASSOCIATION**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes a Charitable Incorporated Organization.
The type of governing document is a Constitution.
## **Recruitment and appointment of new trustees**
Apart from the first charity trustees, every trustee must be appointed for a term of four years by a resolution passed at a properly convened meeting of the charity trustees. In selecting individuals for appointment as charity trustees, the charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO.
## **Organizational structure**
Trustees review monthly management reports; risk registers; compliance with policies and procedures (safeguarding, financial policy, volunteer policy).
CEO manages day to day activities; liaises with partner agencies; supervises Managing Director and rest of the team; completes management reports; oversees monitoring and evaluation. LBA’s team, including HR, Managing Director and Outreach, recruit and supervise volunteers; conduct, monitoring and evaluation; completes risk assessments; and works in partnership with community groups.
LBA is working in partnership with numerous amazing organisations to support vulnerable young people. These organisations include councils such as Brent, Westminster, Lambeth and Kensington & Chelsea. We also work with other partners such as AllOfficials, London Youth, Young Westminster Foundation, Westminster Sports Unit and Youth Clubs across London. We continue to expand our network and develop new partnerships to share resources, reduce costs, increase reach, and achieve synergy, allowing LBA to maximise its impact for the benefit of marginalised communities.
## **Induction and training of new trustees**
We are providing many courses for the induction and training of staff, such as First Aid, Health and Safety, and GDPR to name a few. We also linked to CVS’s across London and other relevant organisations such as Sported, London Youth and The Fore. We are able to approach them for guidance on topics such as recruiting trustees and training for trustees. We also signpost personal development training to trustees throughout the year.
5
## **LONDON BASKETBALL ASSOCIATION**
**REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1164277 Principal address** 9 Bradiston Road London W9 3HN **Trustees** H Bhui R Mushiso M Haria-Shah E Eytan C Soprano F Johnson J Boyle O Cohen (resigned 24.5.2024)
**Independent Examiner** Muhammad Tahir Jamil, FCCA Tax Direct Limited 205 Ley Street London IG1 4BL
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.................................................................
H Bhui - Trustee
## **Eran Eytan**
6
## **LONDON BASKETBALL ASSOCIATION**
## **INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 JULY 2024**
Independent examiner’s report to London Basketball Association for the year ended 31 July 2024 **Respective responsibilities of trustees and examiner**
The trustees, who are also the principals of the company for the purposes of company law, are responsible for the preparation of the accounts.
The charity's trustees consider that an audit is not required for this and that an independent examination is needed.
## It is my responsibility to:
- Examine the accounts.
- Follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act), and
- State whether particular matters have come to my attention.
## Basis of independent examiner’s report
My examination was carried out in accordance with general Directions given by the Charity Commission. 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 seeking 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.
## **Independent examiner’s statement**
In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect:
- Accounting records were not kept in accordance with Charity Commission guidance, or the accounts do not accord with such records; or
- The accounts do not comply with relevant accounting requirements 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;
- The accounts have not been prepared in accordance with the Charities SORP (FRS1027).
7
## **LONDON BASKETBALL ASSOCIATION**
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.
**Muhammad Tahir Jamil, FCCA (Independent Examiner)** 205 Ley Street London IG1 4BL **Date: 29-01-2025**
8
## **LONDON BASKETBALL ASSOCIATION**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 JULY 2024**
|**Note**
**s**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**Charitable activities**
3
Community basketball
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
4
Community basketball
**Total**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**fund**
**£**
8,039
112,924
120,963
4,615
22,229
26,844
94,119
202,040
**296,159**|**Restricted**
**funds**
**£**
301,367
-
301,367
-
211,754
211,754
89,613
3,974
**93,587**|**2024 Total**
**funds**
**£**
309,406
112,924
422,330
4,615
233,983
238,598
183,732
206,014
**389,746**|**2023 Total**
**funds**
**£**
199,015
66,038|
|---|---|---|---|---|
|||||265,053|
|||||3,257
214,204|
|||||217,461|
|||||47,592
158,422|
|||||**206,014**|
9
## **LONDON BASKETBALL ASSOCIATION**
|**BALANCE SHEET**
**31 JULY 2024**
**Notes**
**2024**
**CURRENT ASSETS**
**£**
Debtors
9
7,314
Cash at bank
384,623
**Total Current Assets**
391,937
**CREDITORS**
Amounts falling due within one year
10
(2,191.00)
**NET CURRENT ASSETS**
389,746
**TOTAL ASSETS LESS CURRENT LIABILITIES**
389,746
**NET ASSETS**
389,746
**FUNDS**
Unrestricted funds
12
296,160
Restricted funds
93,586
**TOTAL FUNDS**
389,746|**2023**
**£**
5,602
201,571|
|---|---|
||207,173
(1,159)|
||206,014|
||206,014|
||206,014|
||202,040
3,974|
||206,014|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. H Bhui - Trustee **Eran Eytan**
The notes form part of these financial statements
10
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **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.
The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.
## **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.
## **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.
11
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Financial instruments**
The charity only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and investments in stocks and shares. The measurement basis used for these instruments is detailed below.
## **Debtors and cash at bank**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash at bank and in hand included cash held on deposit or in a current account.
## **Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a pasteventthatwillprobablyresultinthetransferoffundstoathirdpartyandtheamountdueto settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
12
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **2) DONATIONS AND LEGACIES**
|Donations
Grants|**2024**
**£**
8,039
301,367
**309,406**|**2023**
**£**
1,365
197,650|
|---|---|---|
|||**199,015**|
The charity benefits greatly from the involvement and enthusiastic support of its many volunteers, details of which are given in our annual report. In accordance with FRS 102 and the Charities SORP (FRS 102), the economic contribution of general volunteers is not recognised in the accounts. In calculating the contribution of volunteers the charity estimates that volunteer time of 5,390 hours has helped save the charity £69,068 in costs. In addition, the charity received free venue time for it's activities, which helped save £40,950 in costs.
Grants received, included in the above, are as follows,
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|City of Westminster|6,440.00|-|
|Comic Relief - Nourish the Nation Programme 2024|10,000.00|-|
|DWF Foundation|2,400.00|1,210.00|
|England Basketball|-|2,500.00|
|Go! London 2023/24|30,375.00|-|
|Jack Petchey|14,460.00|900.00|
|John Lyon’s Charity|45,000.00|40,000.00|
|Jordan Sinnott Foundation|-|2,808.00|
|KFC Foundation|2,500.00|1,977.00|
|LB Wandsworth|-|2,500.00|
|Local giving Ltd|-|500.00|
|London Borough of Lambeth|-|2,400.00|
|London Marathon Foundation|4,250.00|-|
|London Youth|7,000.00|4,680.00|
|National Lottery Community Fund|85,728.28|77,257.00|
|Octavia Foundation|-|9,190.00|
|Physical Activity Leisure and Sports|-|11,207.00|
|Schroder Charity Trust|3,000.00|-|
|Sport England Small Grants Programme 2023|9,665.00|-|
|St Giles Shelton|-|10,000.00|
|The Fore|15,000.00|-|
|The London Community|-|1,000.00|
|The London Marathon Foundation|-|4,250.00|
|Track Academy|3,984.72|5,977.00|
13
## **LONDON BASKETBALL ASSOCIATION**
|Westminster City Council (VCS)
Young Westminster Foundation
YWF - Brighter Future Fund 2023
**Total**|30,000.00
23,813.50
7,750.00
**301,367**|-
19,294.00
-|
|---|---|---|
|||**197,650**|
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
**3) Income from Charitable Activities**
|**Activity**
Coaching fees
Community basketball
Courses
Community basketball
Gift Aid Claim|**2024**
**£**
88,447
21,285
3,192
112,924|**2023**
**£**
64,038
2,000
-|
|---|---|---|
|||66,038|
## **4) Charitable Activities Costs**
|Community basketball|**Direct Costs**
**£**
223,258|**Support costs**
**(see note 5)**
**£**
15,340|**Totals**
**£**
238,598|
|---|---|---|---|
- **5) Support Costs**
|Community basketball
Support costs, included in the above, are as follows:
**Governance costs**
Accountancy and legal fees
Independent examiners fee|Governance costs
**£**
15,340
2024
2023
**£**
**£**
14,500
12,968
840
1,140|
|---|---|
14
## **LONDON BASKETBALL ASSOCIATION**
**15,340 14,108**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **6) TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 July 2024 nor for the year ended 31 July 2023.
Trustees' expenses
During the year no trustees (2024: none) were reimbursed out of pocket expenses totalling £0 (2023: £0).
|**7) Staff Costs**
Wages and salaries
Social security costs
Other pension costs
**Total**|**2024**
**£**
123,762
5,782
-
**129,544**|**2023**
**£**
126,243
7,386
-|
|---|---|---|
|||**133,630**|
Average Monthly Number of Employees
||**2024**|**2023**|
|---|---|---|
|Charitable|4|4|
No employees received emoluments in excess of £60,000.
15
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **8) COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Community basketball
**Total Income**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Community basketball
**Total Expenditure**
**NET INCOME/(EXPENDITURE)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted fund**
**£**
1,364
66,038
67,402
3,257
20,527
23,784
43,618
158,422
202,040|**Restricted**
**funds £**
197,651
-
197,651
-
193,677
193,677
3,974
-
3,974|**Total funds**
**£**
199,015
66,038|
|---|---|---|---|
||||265,053|
||||3,257
214,204|
||||217,461|
||||47,592
158,422|
||||206,014|
## **9) Debtors - Amounts Falling Due Within One Year**
|Trade debtors
Prepayments
Other debtors
VAT
**Total**|**2024**
**£**
1,487
1,126
4,054
647
7,314|**2023**
**£**
951
4,054
597|
|---|---|---|
|||5,602|
16
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
**10) Creditors - Amounts Falling Due Within One Year**
||**2024**|**2023**|
|---|---|---|
||**£**|**£**|
|Other creditors|2,191|1,159|
**11) Analysis of Net Assets Between Funds**
|Current assets
Current liabilities
**Total**|**Unrestricted**
**fund**
**£**
298,350
(2,191)
296,159|**Restricted**
**funds**
**£**
93,587
-
93,587|**2024 Total**
**funds**
**£**
391,937
(2,191)
389,746|**2023 Total**
**funds**
**£**
207,173
(1,159)|
|---|---|---|---|---|
|||||**206,014**|
17
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **12) Movement in Funds**
|**Unrestricted funds**
General fund
**Restricted funds**
**TOTAL FUNDS**|**At 1.8.23**
**£**
202,040
3,974
**206,014**|**Net movement**
**in funds**
**£**
94,120
89,612
**183,732**|**At 31.7.24**
**£**
296,160
93,586|
|---|---|---|---|
||||**389,746**|
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
City of Westminster Council (Summer 2024 HAF
Extension)
Comic Relief - Nourish the Nation Programme 2024
DWF Foundation
Go! London 2023/24
Jack Petchey
John Lyon’s Charity
KFC Foundation
London Marathon Foundation
London Youth
National Lottery Community Fund
Schroder Charity Trust
Sport England Small Grants Programme 2023
The Fore
Track Academy
Westminster City Council (VCS)
Young Westminster Foundation
YWF - Brighter Future Fund 2023|**Incoming**
**resources**
**£**
120,963
6,440.00
10,000.00
2,400.00
30,375.00
14,460.00
45,000.00
2,500.00
4,250.00
7,000.00
85,728.00
3,000.00
9,665.00
15,000.00
3,985.00
30,000.00
23,813.50
7,750.00
**301,367**|**Resources**
**expended**
**£**
(26,844)
(6,440)
(10,000)
(2,400)
(13,150)
(10,000)
(21,685)
(2,500)
(4,250)
(7,000)
(48,615)
(3,000)
(9,665)
(15,000)
(3,985)
(22,500)
(23,814)
(7,750)
**(211,754)**|**Movement**
**in funds**
**£**
94,119
-
-
-
17,225
4,460
23,315
-
-
-
37,113
-
-
-
-
7,500
-
-|
|---|---|---|---|
||||**89,613**|
18
## **LONDON BASKETBALL ASSOCIATION**
**TOTAL FUNDS 422,329 (238,598) 183,732**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**|**At 1.8.22**
**£**
158,422
158,422|**Net movement**
**in funds**
**£**
43,618
43,618|**At 31.7.23**
**£**
202,040|
|---|---|---|---|
||||202,040|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
**Restricted funds**
John Lyons
St Giles Shelton
Brent Council
National Lottery Community
London Youth
LB Wandsworth
Young Westminster Foundation
KFC Foundation
Better Lives Community Fund
Magic little Grants
Jack Petchey Foundation
London Marathon Foundation
DWF LLP
London Borough of Lambeth
Physical Activity Leisure and Sports
England Basketball
Jordan Sinnott Foundation Trust
Track Academy|**Incoming**
**resources**
**£**
67,402
40,000
10,000
1,000
77,257
4,680
2,500
19,294
1,977
9,190
500
900
4,250
1,210
2,400
11,207
2,500
2,808
5,978
197,651|**Resources**
**expended**
**£**
(23,784)
(40,000)
(10,000)
(1,000)
(73,283)
(4,680)
(2,500)
(19,294)
(1,977)
(9,190)
(500)
(900)
(4,250)
(1,210)
(2,400)
(11,207)
(2,500)
(2,808)
(5,978)
(193,677)|**Movement in**
**funds**
**£**
43,618
-
-
-
3,974
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|---|---|
||||3,974|
19
**(217,461)**
**TOTAL FUNDS**
**265,053**
**47,592**
## **LONDON BASKETBALL ASSOCIATION**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024**
## **MOVEMENT IN FUNDS - continued**
**London Youth -** Getting Active - Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**Track Academy -** Back To Movement Fund - Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**City of Westminster Council** - Towards project & core costs to deliver activities for the benefit of young people in Westminster.
**GO! London -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**Sport England - Small Grants -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**John Lyon's Charity -** Towards project and core costs to deliver activities for the benefit of young people in John Lyon's beneficial areas
**National Lottery Community Fund Main Grants** - Towards core costs to support LBA for the benefit of young people in our target areas.
**London Marathon Foundation -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**Schroder Charity Trust -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**The Fore -** Towards core costs to support LBA for the benefit of young people in our target areas.
**Young Westminster Foundation -** Towards project costs to deliver activities for the benefit of young people in Westminster.
**Jack Petchey Foundation -** Towards project & core costs to deliver activities for the benefit of young people in LBA’s target areas.
**KFC Youth Foundation -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
**DWF Foundation -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
20
## **LONDON BASKETBALL ASSOCIATION**
**Comic Relief -** Towards project costs to deliver activities for the benefit of young people in LBA’s target areas.
21