2025-03-31-accounts - Burgess Sports

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REGISTERED CHARITY NUMBER: 1171033

REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR BURGESS SPORTS

Parallax Consultancy Limited 7 Mauldeth Road Heaton Moor Stockport SK4 3NW

BURGESS SPORTS

CONTENTS FOR THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025

	Page(s)
Report of the Trustees	1 - 2
Independent Examiners Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to the Financial Statements	6 - 10
Detailed Statement of Financial Activities	11 - 12

BURGESS SPORTS

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST MARCH 2025

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity Burgess Sports (‘BS’) was constituted as a charitably incorporated organisation (CIO) on 9 January 2017 and is therefore governed by a memorandum and articles of association.

Throughout the year, the Board comprised Charlotte Benstead, Ganiat Folami, Sara Leo, Jade Peake with the following additions from 1 May 2025 Nivin Al Hakim, Parween Ahmadzai and Romari Dowswell for a total of 7 Trustees.

Company structure: BS has one subsidiary company:

(i) Burgess Sports Trading Ltd (Company No. 13295526 ) – a private company limited by guarantee, incorporated in 26 March 2021. The company is wholly owned by BS, and was established to enable the potential expansion of BS’s activities through generating a surplus on cafe activities.

OUR AIMS, OBJECTIVES AND ACTIVITIES

Our published Charitable Objects are:

To promote for the benefit of the inhabitants of Southwark and London the provision of facilities for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disablement, financial hardship or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving the condition of life of the said inhabitants.

To achieve this we focus on the following areas.

Inspiring Children

Running sports camps and after school clubs which develop academic, social and physical skills, as well as providing a space for fun!

Developing Young People

Working with young people to develop them as leaders through our ambassador programme, which provides training as well as employment opportunities.

Supporting Parents

Working with families and parents to support them in raising their child, through family activities and parenting workshops.

Creating Community

We help to create a strong community for children to grow up in, through linking families together and through our Clubhouse Café which not only draws the community together but also provides job opportunities.

Burgess Sports works to provide every child a great start in life. Our vision is to create a better everyday life for underprivileged families. Our holistic approach works with children and the support systems around them.

Changes in Accounting Policies

For the financial year 2023-24 Burgess Sports moved from cash based accounts to accrual accounting. In particular, this meant we recorded some grants in 2024-25 rather than when they were received, which gave a larger loss for the 2023-24 financial year. We remarked that this would be offset by a likely surplus in 2024-25 and this has proved to be the case.

Reserves policy

BS’ looks to generate unrestricted reserves through its trading subsidiary. It is our intention at present to maintain free reserves of no less than six months of core annual expenditure, which, based on current operations, is approximately £120,000. We will review this following the next Financial Review period.

Statement of the Trustee’s Responsibilities

The Trustees present their report with the financial statements of the charity for the year ending 31 March 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 Standards applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025

Independent examiner's report to the trustees of Burgess Sports

I report to the charity trustees on my examination of the accounts of Burgess Sports (the Trust) for the year ended 31 March 2025.

Responsibilities and basis of report

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

I report in respect of my examination of the Charity's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I can confirm that I am qualified to undertake the examination because I am a Fellow and registered member of the Chartered Institute of Public Finance and Accountancy (CIPFA).

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 accounts do not accord with those records; or
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Lesley Kay BSc(Hons) MPA FCPFA Parallax Consultancy Limited 7 Mauldeth Road Heaton Moor Stockport SK4 3NW

Dated: 16th September 2025

BURGESS SPORTS

STATEMENT OF FINANCIAL ACTIVITIES FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025

INCOME AND ENDOWMENTS FROM Donations and Legacies Grants Other Trading Activities Investment Income Total Income EXPENDITURE ON Raising Funds Other Charitable Activities Other Expenditure Total Expenditure NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	Unrestricted Funds £40,543 £55,085 £26,005 £2,775 £124,409 £1,825 £14,391 £43,618 £59,833 £64,575 -£46,043 £18,533	Restricted Funds £0 £158,951 £0 £0 £158,951 £22,553 £57,355 £91,920 £171,828 -£12,877 £128,300 £115,423	2025 Total Funds £40,543 £214,037 £26,005 £2,775 £283,360 £24,378 £71,746 £135,538 £231,662 £51,699 £82,257 £133,955	2024 Total Funds £66,856 £89,319 £350 £2,134 £158,659 £28,052 £80,019 £128,857 £236,929 -£78,270 £158,391 £80,121

BURGESS SPORTS

STATEMENT OF FINANCIAL ACTIVITIES FOR BURGESS SPORTS FOR THE

YEAR ENDED 31ST MARCH 2025

FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at Bank Total Current Assets CREDITORS Amounts failing due within one year NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITES LONG TERM CREDITORS Amounts failing after one year NET ASSETS FUNDS Unrestricted Funds Restricted Funds TOTAL FUNDS	2025 Unrestricted Funds Restricted Funds Total Funds £138 £0 £138 £63,559 £0 £63,559 £163,460 £38,900 £202,360 £227,019 £38,900 £265,919 £17,091 £38,900 £55,991 £209,928 £0 £209,928 £210,067 £0 £210,067 £0 £0 £0 £210,067 £0 £210,067 £210,067 £0 £210,067	2024 Total Funds £1,559 £6,009 £155,888 £161,896 £5,065 £156,832 £158,391 £0 £158,391 £42,641 £115,750 £158,391

The financial statements were approved by the Board of Trustees and authorised for issue on 12_/_11/2025 and were signed on it's behalf by:

Signature: _ C Benstead ______

Print Name:__ Charlotte Benstead_ _________

Trustee

BURGESS SPORTS

NOTES TO THE FINANCIAL STATEMENTS FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

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.

Income

All income ls 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.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the annual rates in order to write off each asset over its estimated useful life.

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 exist when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements

NOTES TO THE FINANCIAL STATEMENTS FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025 - CONTINUED

2. OTHER TRADING ACTIVITIES

Program income Total Income 3. INVESTMENT INCOME Deposit account interest Total Income	2025 £26,005 £26,005 2025 £2,775 £2,775	2024 £0 £0 2024 £2,134 £2,134

4. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There were no trustee's expenses paid for the year ended 31 March 2024.

5. STAFF COSTS

Office staff Total staff No employees received emoluments in excess of £60,000.	2025 4 4	2024 5 5

Staff Costs in the comparative year included tax and pension liabilities, these have been separated in the acocunts for 2022-23 and will be shown separately going forward.

NOTES TO THE FINANCIAL STATEMENTS FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025 - CONTINUED

6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Notes INCOME AND ENDOWMENTS FROM Donations and Legacies Grants Other Trading Activities Investment Income Total Income EXPENDITURE ON Raising Funds Other Charitable Activities Other Expenditure Total Expenditure NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD 7. TANGIBLE FIXED ASSETS Notes Fixed Assets Brought Forward Current Year Carried Forward 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Debtors Total Income	Unrestricted Funds £68,772 £350 £3,719 £2,134 £74,974 £27,687 £33,355 £102,618 £163,659 -£88,685 £42,641 -£46,044 At Cost £3,215 £3,215	Restricted Funds £218 £85,600 £0 £0 £85,818 £366 £46,664 £26,240 £73,269 £12,549 £115,750 £128,300 Additions £0 £0	2024 Total Funds £68,990 £85,950 £3,719 £2,134 £160,792 £28,051 £80,019 £128,857 £236,928 -£76,135 £158,391 £82,256 Depreciation -£1,071 £0 -£1,071 2025 £63,559 £63,559	2023 Total Funds £18,150 £196,082 £1,010 £779 £216,021 £7,989 £104,813 £137,514 £250,316 -£34,295 £213,795 £179,500 Net Book Value £2,144 £0 £2,144 2024 £32,161 £32,161

There has been a change of policy with moving to accrual accounting to reflect when the funding is for rather than when it is received the result has shown negative debtors for 2023-24.

NOTES TO THE FINANCIAL STATEMENTS FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025 - CONTINUED

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Taxation Other Creditors Total Creditors 10. MOVEMENT IN FUNDS 10a INCOME AND ENDOWMENTS FROM Notes Unrestricted Funds Restricted Funds Total Funds 10b Unrestricted Funds Restricted Funds Total Funds 10c Unrestricted Funds Restricted Funds Total Funds 10d Unrestricted Funds Restricted Funds Total Funds Net Movement in funds included above are as follows: Comparatives net movement in funds Comparatives for movement in funds	at 1/4/2024 £72,841 £85,818 £158,659 Incoming Resources £124,409 £158,951 £283,360 at 1/4/2023 £54,265 £161,756 £216,021 Incoming Resources £72,841 £85,818 £158,659	2025 -£4,752 £55,991 £51,239 Net Movement in Funds £25,563 £73,133 £98,697 Resources Expended £59,833 £171,828 £231,662 Net Movement in Funds £18,576 -£75,938 -£57,362 Resources Expended £163,659 £73,269 £236,929	2024 £581 £5,065 £5,645 at 31/3/2025 £98,404 £158,951 £257,355 Movement in Funds £64,575 -£12,877 £51,699 at 31/3/2024 £72,841 £85,818 £158,659 Movement in Funds -£90,819 £12,549 -£78,270

NOTES TO THE FINANCIAL STATEMENTS FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025 - CONTINUED

10e Unrestricted Funds Restricted Funds Total Funds 10f Unrestricted Funds Restricted Funds Total Funds A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: A current year 12 months end prior year 12 months combined position is as follows:	at 1/4/2023 £54,265 £161,756 £216,021 Incoming Resources £197,249 £244,769 £442,019	Net Movement in Funds £44,139 -£2,805 £41,334 Resources Expended £223,493 £245,098 £468,590	at 31/3/2025 £98,404 £158,951 £257,355 Movement in Funds -£26,243 -£328 -£26,572

11. RELATED PARTY DISCLOSURES

The Cafe performed well with turnover rising by some 6%. However, its London Living Wage commitment meant Burgess Sports Trading's staff costs increased by 8.2%. Set against this the business reduced its raw materials and consumables costs by 19.5%. This was due to significant work on the menu, increased in house production with a focus on efficiency and reducing wastage.

The Trading Company made a profit of £5,233 after recording a donation of £35,103 to the Charity. The loan from the Trading Company to the Charity now stands at £43,559.

The results follow a loss by the Trading Company last year, so all in all, the results represent an exceptional performance. The Charity is grateful to the whole team, and particularly the Manager and Assistant Manager, at the cafes for their hard work in achieving this.

The increase to national insurance costs, London Living Wage and continuing cost pressures in hospitality, notably the rise in the cost of coffee mean that 2025-26 is likely to be a tough trading environment. Burgess Sports has therefore reduced its forecast for cafe surpluses in its financial planning.

BURGESS SPORTS

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025

Turnover Sales Cost of sales Direct Cost of Charitable Activities Direct labour Other direct costs Gross profit (loss) Administrative expenses Wages and salaries Pensions Employer's NI Staff training and welfare Travel and subsistence Volunteer Expenses Rent Repairs and maintenance Telephone Postage Stationery and printing Subscriptions Bank charges Cleaning Insurance Software Depreciation Donations Sundry expenses Advertising and PR Accountancy Fees Consulting	2025 £26,005 £13,261 £58,485 £24,378 £96,123 -£70,118 £110,230 £4,126 £5,191 £1,063 £124 £166 £251 £4,651 £538 £4 £0 £1,074 £150 £21 £969 £858 £1,421 £0 £1,365 £0 £2,988 £350 £135,538	2024 £0 £12,103 £67,916 £28,052 £108,071 -£108,071 £106,932 £4,250 £4,534 £1,985 £202 £2,285 £419 £340 £544 £0 £0 £0 £159 £0 £1,428 £493 £1,408 £0 £435 £3,444 £0 £0 £128,858

This page does not form part of the statutory financial statements

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR BURGESS SPORTS FOR THE YEAR ENDED 31ST MARCH 2025 - CONTINUED

Other operating income Other operating income Donations - General Donations - Restricted Grants Unrestricted Grants Restricted Total Grants Total Other Income Operating (loss)/profit Interest receivable Interest receivable (Loss)/profit on ordinary activities	£0 £40,543 £0 £55,085 £158,951 £214,037 £254,580 £48,924 £2,775 £51,699	£350 £66,638 £218 £3,719 £85,600 £89,319 £156,525 -£80,404 £2,134 -£78,270

This page does not form part of the statutory financial statements