2021-03-31-accounts - Asian Sports Foundation

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

From 1[st] April 2020 To 31[st] March 2021

Charity name: Asian Sports Foundation

Charity registration number: 1176146

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To promote community participation in healthy recreation by providing facilities for the playing of sports capable of improving; To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; To promote equality and diversity in sport for the public benefit in the united kingdom by: Working towards the elimination of discrimination on the grounds of race; Promoting the participation and integration of members of ethnic minority migrant and refugee communities in sport; Advancing education and raising awareness in equality and diversity; Conducting or commissioning research on equality and diversity issues and publishing the results to the public; and Promoting ethical standards of conduct and compliance with the law in relation to race relations and racial equality
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	To promote community participation in healthy recreation by providing facilities for the playing of sports capable of improving health To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at

		large in the interests of social welfare and with the object of improving their conditions of life; To advance the education of children and young people through such means as the trustees Think fit in accordance with the law of charity. To promote equality and diversity in sport for the public benefit in the united kingdom by: working towards the elimination of discrimination on the grounds of race; promoting the participation and integration of members of ethnic minority migrant and refugee communities in sport; advancing education and raising awareness in equality and diversity; conducting or commissioning research on equality and diversity issues and publishing the results to the public; and promoting ethical standards of conduct and compliance with the law in relation to race relations and racial equality
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	All Trustees are issued Charities Commission Guidance Documents for Trustees on appointment

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference NIL Para 1.38 Policy on grant making NIL Para 1.38 Policy on social investment including program related investment NIL Para 1.38 Contribution made by volunteers NIL Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The Asian Sports Foundation through continued funding from Sport England have been able to support new groups and individuals to deliver projects aimed at providing opportunities to take part in sport and physical activity. These projects have focused on supporting more women and girls to take part in sport and physical activity and are up and running in London, Bradford, Rotherham, Birmingham, Manchester, Leicester and London. The charity has also refreshed its strategy and is in the process of finalising plans for future growth.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41	Our work with Sport England continues to progress, the Family Fund project has been completed successfully and our tackling Inequalities projects are on track.
Performance of fundraising activities against objectives set	Para 1.41	Grant-funding remains a challenge, however we have had good success to date whilst also looking to develop the training provision element of the charity.
Investment performance against objectives	Para 1.41
Other

Financial Review

Review of the charity’s financial position at the end of the period	Para 1.21	The charity commenced the 2020-21 financial year with £34,878 of funds brought forward from 2019-20, £2,838 being unrestricted and £32,045 being restricted funds. The charity has successfully secured £150,000 of additional funding during the 2020-21 financial period. This funding has been received from the national lottery via Sport England to further support new sporting initiatives and help tackle inequalities. Total expenditure of £77,003 has been incurred during the period, primarily linked to the delivery of the Sport England projects highlighted above. The net income position recorded for the charity during the year was therefore £77,003, resulting in £111,881 of net funds to be carried forward into the 2021-22 financial period. The funding carried forward is committed with the delivery partners to deliver the objectives within the Sport England programme. This is in line with the phasing of the programme.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The charity held £111,881 in reserves on 31stMarch 2021. This is primarily due to the timing of the programme deliverables. The charity expects, in line with the business case, to commit all funding secured to support delivery of the programme objectives.
Amount of reserves held	Para 1.22	£111,881
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	There are no uncertainties around the charity continuing as a going concern. The charity continues to create new partnerships and has a number of active grant bids in progress. The inequalities agenda is increasingly becoming more of a global priority which is likely to result in increased funding to support this through the charity.

Additional information (optional)

You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including any fundraising)	Para 1.47	Grant Funding: currently through Sport England.
Investment policy and objectives including any social investment policy adopted	Para 1.46
A description of the principal risks facing the charity	Para 1.46	Failure to secure additional funds and more diverse funding streams would be a risk currently facing the charity.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Memorandum and Articles incorporated 02 August 2016 as amended by special resolution registered at Companies House on 17 Nov 2017
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Company Limited by Guarantee
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	All Trustees are appointed formally through Trustees Board Meetings

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51	NIL
The charity’s organisational structure and any wider network with which the charity works	Para 1.51	NIL
Relationship with any related parties	Para 1.51	NIL
Other		NIL

Reference and Administrative details

Charity name	Asian Sports Foundation
Other name the charity uses	N/A
Registered charity number	1176146
Charity’s principal address	71-75 Shelton Street London WC2H 9JQ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
JugdeepJohal	Chair		Board of Trustees
Sat Nijjer	Vice-Chair		Board of Trustees
Paul Corlass	Treasurer		Board of Trustees
Richard Parnell	Secretary	17.04.20	Board of Trustees
Halima Khan			Board of Trustees
Janet Inman			Board of Trustees
Dr Mansoor Khan			Board of Trustees
Sukhraj Singh Athwal			Board of Trustees

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets NIL held in this capacity Name and objects of the NIL charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for NIL safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of	Name	Address
adviser

Name of chief executive or names of senior staff members (Optional information)

Angus Martin

Exemptions from disclosure

Reason for non-disclosure of key personnel details

NIL

Other optional information

NIL

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date	J. Johal
	Jugdeep Johal
	Chair
	27/01/22
	27/01/22

Statement of financial activities for the year ended 31 March 2021

Income and expenditure account Asian sports foundation Registration Number: 10732364

Notes	2020-2021	2019-2020*
	Un-restricted Funds Restricted Funds Total £ £ £	Un-restricted Funds Restricted Funds Total £ £ £
Income from Lottery Funding Net Income available for charitable purposes Charitable expenditure Project delivery Professional fees Publicity Subscription Fees Insurance Other Total charitable expenditure Net charitable income Reconciliation of funds Funds brought forward from previous year Total funds carried forward Other Donations	150,000 150,000 - -	50,000 50,000 5,000 5,000
	- 150,000 150,000 - 71,950 - 71,950 - - - - 216 - - 216 - - - - 64 - - 64 - 767 - - 767 -	- 55,000 55,000 - 42,550 - 42,550 - 350 - 4,500 - 4,850 - - 465 - 465 - 43 - - 43 - 64 - - 64 - 400 - - 400 -
	1,047 - 71,950 - 72,997 -	857 - 47,515 - 48,371 -

	1,047 - 78,050 77,003	857 - 7,486 6,629
	2,833 32,045 34,878 1,786 110,095 111,881	3,690 24,559 28,249 2,833 32,045 34,878

Restated following re-categorisation of funding

Approved by the Board on 19th January 2022

And signed on their behalf by:

Jug Johal, Director Paul Corlass, Treasurer

Statement of financial position as at 31 March 2021 Statement of financial position Asian sports foundation Registration Number: 10732364

Notes	Un-restricted Restricted Total £ £ £ 2020-2021	Un-restricted Restricted Total £ £ £ 2019-2020*
Fixed assets Tangible assets Total fixed assets Current assets Inventories Debtors Cash and cash equivalents Total current assets Liabilities Creditors Net assets Represented by: Restricted income funds Unrestricted income funds Total funds Investments	- - - - - - 0 0 0 - - - - - - 1,786 122,095 123,881 1,786 122,095 123,881 - 12,000 - 12,000 - 1,786 110,095 111,881 110,095 110,095 1,786 1,786 1,786 110,095 111,881	- - - - - - 0 0 0 - - - - - - 2,833 32,045 34,878 2,833 32,045 34,878 - - - 2,833 32,045 34,878 32,045 32,045 2,833 2,833 2,833 32,045 34,878

Restated following re-categorisation of funding Approved by the Board on 19 January 2022

And signed on their behalf by:

Jug Johal, Director Paul Corlass, Treasurer

Independent Examiner’s Report to the Trustees of Asian Sports Foundation Registration Number: 10732364 Charity Number: 1176146 Annual Accounts for the period to 31[st] March 2021

I report to the trustees on my examination of the accounts of the Asian Sports Foundation for the year ended 31 March 2021.

Responsibilities and basis of report

As the charity trustees 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 Trust’s accounts carried out under section 145 of the 2011 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.

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 Trust 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.

Signed:

Name: Vanessa Biffen

Relevant professional qualification or membership of professional bodies (if any): The Chartered Institute of Management Accounts (CIMA)

Address: 8 Fleming Court, Apley, Telford, Shropshire, TF1 6DR

Date: 21[st] January 2022