LONDON
IHUNDER
BASKETBALI
Report of the Board and Financial Statements
for the year ended 31 July 2023
A Charltable Incorporated Organlsation
Registered Charity No. 1183865

LONDON THUNDER BASKETBALL CLUB
CONTENTS
Page
Legal and administrative detsils
Trustees, annual report
Independent examiner's report
statement of financial activities
Balance sheet
Notes lo the financial statements
10-14

LONDON THUNDER BASKETBALL CLUB
LEGAL AND ADMINISTRATIVE DETAILS
Trustees
Peter Mark Bishai (Chairman)
Steven Bucknall IDireclor of Coaching)
Adelaine Nielzold
Nikki Sealy
Peter Lang
Dejan Paunovic
Chief Executive Officer
Peter Mark Bishai
Charity number
1183865 (England and Wales)
Registered office
The Thunderdome
Unit 2 Stockholm Road
London
SE16 3LP
Indgpgndent Examin9r
Gilbert Holbourn FCA, FCCA, DChA
1 Upper Bridge Street
Wye, Kent
TN25 SAF
Bankers
Santander UK PIC
2 Trilon Square
Regent's Park
London
NW1 3AN
Lawyers
Matrix Chambers
Griffin Building
Gray s Inn
London
WC1R 5LN

LONDON THUNDER BASKETBALL CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023
The Trustees present their Annual Report together with the Financial Statements for the year ended 31
July 2023.
Organlsatlon, Structure and Governance
Governing document
London Thunder Basketball Club was constituted as a Charitable Incorporated Organisalion on 13 June
2019, when it was registered with the Charity Commissioners for England and Wales as Charity No.
1183865.
Oryanisation
The board of trustees (the °Trustees"l administers the Charity. They meet termly lo make strategic
decisions. The day-to-day running of the Charity is dealt with by Steven Bucknall, Peter Bishai, Nikki
Sealy and Dejan Paunovic.
The operational structure consists of a full-lime Chairman and a director of Coaching, as well as the
following part-time staff. a Finance Officer, a Covid Officer, Club Secretary Executive, a Welfare Officer
and a Non-execulive Member. A steering committee of service users actively participates in decision-
making and setting strategy, alongside the CEO.
Trustges
The following have held office since 1 August 2022, unless otherwise stated..
Peter Mark Bishai
Steven Bucknall
Adelaine Nietzold
Nikki Sealy
Peter Lang
Dejan Paunovic
Appointment of trustees
Trustee recruilmenl is an open process conducted by existing Charity Iruslees through public advertising
and the East London Business Alliance board match. Apart from the first Charity trustees, every trustee
must be appointed for a term of three years by a resolution passed at a properly convened meeting of
the Trustees. In selecting individuals for appointment as charity trustees, the Trustees must have regard
to the skills, knowledge and experien￿ needed for the effective administration of the Charity.
Objectives and Activities
Objectivgs
The objects of the Charity are.. To promote community participation in healthy recreation bythe provision
of facilities for playing basketball.. and to advance the education of children and young people in
particular by the provision of a study club and work experience.
Activities
The club exists for the benefit of those who wish to develop their skills in the sport of basketball. We
ulilise basketball to offer participants the opportunity lo be healthy, enjoy, achieve and have fun in a
safe and supportive environment. We provide players with technical training in addition lo teaching the
values of teamwork, responsibility. and self-discipline.

LONDON THUNDER BASKETBALL CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023
Public benefit statement
The Trustees confirm that they have complied with the duty in section 4 of the Charities Act 2011 10
have due regard lo the Charity Commission's general guidance on public benefit, 'Charilies and Public
Benefit,.
A¢hievgmont$ and porforman
We're thrilled lo share our latest progress and ongoing growth within our organization.
Amidst the challenges of Covid, we've not only recovered but flourished. Face-to-face coaching has
resumed, and the return of spectators has injected newFound energy into our facility, enhancing the
experience for our members during open game days.
Our focus on expanding our girls, program has yielded remarkable results. Weekly coaching sessions
al Sydenham Girls, School continue to allracl participants, while our monthly girfs-only Central Venue
League remains a highlight. We're proud lo report a steady increase in female representation across
all age groups in the National League.
Facility enhancements, made possible through suptx)rt from Sport England and the London Marathon
Charitable Trust, have significantly bolstered our capacity. The addition of four new fixed basketball
goals has facilitated greater participation and improved player experience. Moreover, our investment in
player development, including sending 15 players lo a residential camp in Spain, underscores our
commitment lo nurturing talent al all levels.
Our partnership with Lewisham Council continues lo bear fruit, allowing us to provide essential school
holiday provision to disadvantaged youth. This collaborative effort, complete with hol meals at
lunchtime, remains a comerstone of our community outreach.
We're thrilled lo note the increasing involvement of volunteers within our organizalion. Their dedication
and support have been instrumental in driving our continued growth and expanding our reach within the
community.
Partners and Supporters:
We extend our heartfelt gratitude lo our valued partners and supporters, whose unwavering
commitment has been integral lo our success. Among them, Basketball England stands as a pillar of
support, providing guidance and resources that empower our programs lo thrive. Kings College
London's academic expertise has enriched our ini118tives, contributing valuable insights and research-
backed strategies.
We also express our appreciation to Depfford Green School and Sydenham Girls for their steadfast
collaboration in advancing basketball development within their respective communities. Their dedication
to nurturing young talent aligns seamlessly with our mission, fostering a generation of skilled and
passionate players.
Furthermore, we extend our thanks lo Sedgehill School for their partnership in establishing a dynamic
6th form academy provision, providing a pathway for aspiring athletes lo pursue their academic and
alhlelic ambitions concurrently.
The London Basketball Association's advocacy and networking opportunities have been invaluable in
expanding our reach and forging connections within the baskelball community. Additionally, the Co-op
Community Fund's generous support has enabled us lo implement innovative programs and initiatives
that address the needs of our participants and foster inclusivity.
Last but not least, we extend our gratitude lo Lewisham Council for their continued collaboration and
support, which has been instrumental in delivering impaclful community initiatives and providing vital
resources for our programs.

LONDON THUNDER BASKETBALL CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023
Together, with the collective efforts of these esteemed partners and supporters, we are making a
tangible difference in the lives of those we serve. As we look ahead, we are commilled to building on
this momentum, striving towards even greater impact and empowemienl in the months and years lo
come.
Donations
Our donations over the period included membership income, gym hire, London Borough of Lewisham
£35,900 12022.. £45,874), Wellinglon Foundation £50,000 12022.. £20,000), Apcoa Parking £20,000,
Sported £10,000, Crowdfunder £20,000, London Community Fund £10,000.
Plans for the Future
As we chart our course for the future, our focus remains steadfast on growth, inclusivity. and community
engagement.
One key objective is the expansion of our membership base. with a partiCLJlar emphasis on developing
our girls, program and increasing female participation in basketball. By nurturing lalenl and fostering a
supportive environment, we aim lo empower more young women lo embrace the sport and realize their
full potential on and off the court.
In tandem with this, we are committed to resuming and expanding our outreach efforts, particularly with
local schools. Strengthening these partnerships allows us lo introduce basketball to a broader audience
and provide invaluable opportunities for skill development and personal growth.
Furthermore, we recognize the importance of supporting young people's mental health and well-being.
Our commitment to providing a safe and welcoming environment, where individuals can connect with
others and engage in healthy activities, remains unwavering. By promoting both mental and physical
health, we strive to positively impact the lives of those we serve.
Expanding our outreach programs within the community is a priority for the future. We aim lo establish
open community sessions in additional local venues, broadening access lo basketball and fostering a
sense of belonging among diverse populations.
Our commitment to providing comprehensive summer programs for players of all levels will continue.
These programs serve as a platform for skill development, camaraderie, and personal growth, ensuring
that every participant has the opportunity to thrive.
Additionally, we will focus on supporting our lop players by providing access lo domestic and overseas
opportunities, further fuelling their development and aspirations within the sport.
Recognizing the increased workload in adminislralive tasks, we will explore avenues lo enhance our
administrative support, ensuring efficient operations and seamless delivery of our programs and
initiatives.
In summary, our vision for the future is one of growth, inclusivity, and empowerment. Through strategic
initiatives and steadfast commitment, we are poised to make an even greater impact within our
community and beyond.

LONDON THUNDER BASKETBALL CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023
Financial review
Financial position
Al the end of 2023, the Club had net assets of £169,303 12023.. £99,349) made up of fixed assets
£79,831 12022.. £37,274), cash al bank and in hand of £90,72212022'. £63,025) and less accruals of
£1,25012022'. £9501.
During the 2023 financial year, the charity received income of £252,54512022= £200,873). This came
from several different sources as detailed in note 2. The Club incurred expenditure of £182,59112022..
£178,587), resulting in a net surplus of £69,95412022.. £22,2861-
Al the end of the financial year, the reserves stood at £169,30312022.. £99,349).
Investment and reserves policy
The Trustees aim to maintain free reserves in unrestricted funds of six months of unrestricted
expenditure. The Trustees consider that this level of reserves will provide sufficient funds to continue
delivering the core work of the charity in the case of declining income or increasing expenditure, while
alternative funds are sought. The level of reserves held throughout the year will be monitored lermly.
and the level of free reserves to be held will be reviewed on an annual basis.
Risk management
The Trustees regulady review the key financial, operational, slralegic, reputational, and safeguarding
risks facing the Charity. A risk register is maintained and updated annually. Over the course of the
reporting year, the Trustees considered the key risks to be those relating to insecurity of funds,
overcrowding of play sessions, and staff capacity. and put in place plans lo address these risks.

LONDON THUNDER BASKETBALL CLUB
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31 JULY 2023
Trustees, responsibilities in relation to the financial statements
The Trustees are responsible for preparing the Annual Report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
Law applicable to charities in England and Wales requires the trustees to prepare financial statements
for each financial year which give a true and fair view of the charity's financial activities during the period
and of its financial position al the end of the period.
In preparing these financial statements, the Trustees are required lo=
select suitable accounting policies and then apply them consistently.,
observe the method and principles in the Charities SORP.,
make judgements and estimates that are reasonable and prudent.,
slate whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the financial stslemenls.,
prepare the financial slalements on the going concern basis unless il is inappropriate lo
presume that the Charity will continue in business.
The Trustees are responsible for keeping proper accounting records that are sufficient to show and
explain the Charity's Irans8Ctions and disclose with reasonable accuracy al any lime the financial
position of the Charity and lo enable them lo ensure that the financial statements comply with the
Charities Act 2011. They are also responsible for safeguarding the assets of the Charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.
The Trustees meet lermly and review management accounts, fundraising forecasts, and cash flow
analyses. The Trustees believe that the Charity is a going concern and for this reason, the going
concern basis for the preparation of the financial statements is considered valid.
Approved by the Trustees and signed on their behalf by..
Nikki Sealy
Pgtgr Mark Bi$hai
7th AuAus1 .2024
7th August 2024

LONDON THUNDER BASKETBALL CLUB
INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS
FOR THE YEAR ENDED 31 JULY 2023
Respective responsibilities of trustees and examiner
I report on the accounts of the company for the year ended 31 July 2023, which are sel out on pages 8
to 14.
The Trustees are responsible for the preparation of the accounts. The Trustees consider that an audit
is not required for this year under section 144121 of the Charities Act 2011 Ilhe 2011 Act) and that an
independent examination is needed. l am qualified to undertake the examination by being a qualified
member of The Institute of Chartered Accountants in England and Wales.
Having satisfied myself that the Charity is not subject lo audit and is eligible for independent
examination, it is my responsibility to..
examine the accounts under section 145 of the 2011 Act.,
lo follow the procedures laid down in the general Directions given by the Charity Commission
under section 1451Sllbl of the 2011 Act-, and
to state whether partiCLJlar mallers have come to my attention.
Basss of Independent examlner's report
My examination was carried out in accordance wi(h the 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.118lso includes consideration of any unusual
items or disclosures in the accounts, and seeking explanations from you as trustees concerning any
such mallers. 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 'lrue and fair view. and
the report is limited lo those mallers sel out in the slalement below.
Independent oxamin8rfs statemgnt
I have completed my examination. I confirm that no material matters have come lo my attention in
connection with the examination which gives me cause to believe that in, any material respect=
the accounting records were not kept in accordance with section 130 of the Charities Act., or
the accounts did not accord with the accounting records., or
the accounts did not comply with the applicable reqLJirements concerning the form and content
of accounts sel 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 lo enable a proper understanding of the accounts lo be
reached.
bert Htslbourn FCA. FCCA. DChA
l Upper erlLlge sireet.
Wye.
Kent TN25 SAF
oe.

LONDON THUNDER BASKETBALL CLUB
STATEMENT OF FINANCIAL ACTIVITIES (INCOME AND EXPENDITURE)
FOR THE YEAR ENDED 31 JULY 2023
2023
Total
Funds
2022
Total
Funds
Note
Income from=
Donations
Charitable adivitigs
Other charitable activities
Total income
168.365
68,779
15,401
252,545
106,438
77,525
16,910
200.873
Expendlture on:
Raising funds
Charitable activibes
Total expendlture
5,833
176,758
540
178,047
182,591
178,587
Net surplus of funds for year
69,954
22,286
Total funds brought forward at 1 August 2022
99,349
77,063
Total funds earriad forward at 31 July 2023
169,303
99,349
All recognised gains and losses are included in the statement of financial activities.
The results for the year all relate to continuing operations.
The notes on pages 10t0 14form part of these financial statements.

LONDON THUNDER BASKETBALL CLUB
BALANCE SHEET
AS AT 31 JULY 2023
2023
2022
Notes
Fixed assets
79,831
37,274
Current assets
Cash at bank and in hand
90,722
170,553
63,025
100,299
Creditors: amounts falling due within
one year
{1,2501
19501
Net current assets
169,303
99,349
Not assets
169,303
99,349
Reserves
Unrestricted funds
169,303
99,349
Total funds of the Charity
169,303
99,349
The notes on pages 10 to 14 form part of these financial statements.
The financial ststemenls were approved by the Trustees and signed on their behalf by..
Nikki Sealy
Peter Mark Blshal
7th August .2024
7th Au9USt .2024

LONDON THUNDER BASKETBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accounting policies
A summary of the principal accounting policies adopted, judgements and key sources of estimation
uncertainly in the preparation of the accounts are laid out below.
Basis of preparation
The financial statements are prepared for the year ended 31 July 2023. The financial stslemenls have
been prepared under the historical cost convention with items recognised at cost or transaction value
unless otherwise staled in the relevant accounting policies below or the notes lo these accounts.
The accounts have been prepared in accordance with 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 United Kingdom and Republic of Ireland IFRS
1021 (Charities SORP FRS 1021, the Financial Reporting Standard applicable in the United Kingdom
and Republic of Ireland IFRS 1021 and the Charities Act 2011.
The Charity conslitules a public benefit entity as defined by FRS 102.
The accounts are presented in sterling and are rounded to the nearest pound.
Critical accounting estimates and areas of judgement
Preparation of the accounts requires the trustees and management to make significant judgements and
eslimales.
The items in the accounts where these judgements and eslimales have been made include..
Eslimaling the useful economic life of tangible fixed assets
Allocation of support costs
Assessment of going concern
The Trustees have assessed whether the use of the going concern assumption is appropriate in
preparing these accounts. The Trustees have made this assessment in respect to a period of one year
from the date of approval of these accounts.
The Trustees of the Charity have concluded that there are no material uncertainties related lo events
or conditions that may cast significant doubt on the ability of the Charity lo continue as a going concern.
The Trustees are of the opinion that the Charity will have sufficient resources to meet ils liabilities as
they fall due. The most significant areas of judgement that affect items in the accounts are detailed
above.
Income
All income is included in the Statement of Financial Activities when the Charity is enlilled lo the income,
receipt is probable and the amount can be quantified with reasonable accuracy. The following specific
policies apply lo categories of income..
Donations are recognised as income when receivable, except insofar as they are incapable of
financial measurement.
Investment income is accounted for in the period in which the Charity is enlilled lo receipt.
Donated services and facilities are included al the value lo the Charity where this can be quantified.
The value of services provided by volunteers has not been included in these accounts.
10

LONDON THUNDER BASKETBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Accounting policies Icontinuedl
Expgnditura
Expenditure is recognised on an accruals basis as a liability is incurred.
All costs are allocated between the expenditure categories in the statement of financial activities based
on the use of the resource.
Grants payable are charged in the year when the offer is conveyed lo the recipient.
Govemance costs are included within charitsble activities and reflect the costs of an independent
examination in order to meet the constitutional and statutory requirements of the Charity.
The costs of raising funds include relevant proportions of the salaries of those responsible for
fundraising and the costs of items used solely for fundraising Ileaflets, etc.). The Charity exists in order
to deliver a front-line service and only fundraises to facilitate that activity- other support costs therefore
have been allocated lo charitable aclivilies.
Related party transactions
There have been no related party transactions in the reporting period that require disclosure except for
those disclosed in note 8.
Debtors
Debtors are recognised at their settlement amount, less any provision for non-recoverabilily.
Prepayments are valued al the amount prepaid. They have been discounted to the present value of the
future cash receipt where such discounting is material.
Cash at bank and in hand
Cash al bank and in hand represents such amounts and instruments that are available on demand or
have a maturity of less than three months from the date of acquisi(ion. Deposits for more than three
months but less than one year have been disclosed as short-term deposits. Cash placed on deposit for
more than one year is disclosed as a fixed asset investment.
Credltors and provlslons
Creditors and provisions are recognised when there is an obligation at the balance sheet date as a
result of a past event, it is probable that a transfer of economic benefit will be required in settlement,
and the amount of the selllemenl can be estimated reliably. Creditors and provisions are recognised at
the amount the Charity anlicipales it will pay lo sellle the debt. They have been discounted to the
present value of the future cash payment where such discounting is material.
1.10 Accumulated funds
Unrestricted funds are donations and other income reTrivable for the objects of the Charity without
further specific conditions and are available as general funds. Reslricled funds which have been
donated for a specific purpose, are restricted in use lo that project and not available as general funds.
1.11 Taxation
London Thunder Basketball Club is a registered charity and therefore is not liable to income lax or
corporation tsx on income derived from its charitable activities, as il falls within the various exemptions
available to registered charities.
1.12
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation. The costs of minor additions or those costing
less than £1,000 are not capitalised. Depreciation is provided at rates calculated to write off the cost
less estimated residual value of each asset over its expected useful life, as follows..
Leasehold Improvements- over the remaining 8 years
11

LONDON THUNDER BASKETBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
2 Total Income
Income from donations
Total
funds
2023
Total
funds
2022
Donations and grants
168,365
106,438
Income from charitable activities
Total
Funds
Total
funds
Registrations and subscriptions
Gym hire
59,659
9,120
54,465
23,060
68,779
77,525
Income from othor Charitablg a¢tivitigS
Total
Funds
2023
Total
Funds
2022
Fund raising income
15,401
15,401
16,910
16,910
Total
252,545
200,873
3 Total Expendlture
Charitable activities
Activities
undertaken
directly
Supp)rt
osts
Total
funds
Totsl
funds
2022
Operation of Baskotball Club
152,207
24,551
176,758
178,047
12

LONDON THUNDER BASKETBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
Total expenditure Icontinuedl
Analysis of activities undertaken directly
2023
2022
Coaching costs
72,035
19,440
816
5,981
4,223
59,365
23,956
663
12,211
1,411
Telephone
Travelling
Cleaning
L- j i
Website costs
Li￿nCe fees
Club registration arbd subscriptions
Court hire
Equipment maintenance
Kit and equipment
Repairs and maintenance
Project management
2,225
7,769
2,896
6,038
13,820
10,908
5,352
704
2,045
7,415
1,822
6,300
21,842
18,012
3,000
152,207
158,042
Analysis of support costs
2023
2022
Insurance
Printing costs
Miscellaneous
Governance- Independent examiner's costs
Depreciation
237
682
6,592
1,250
15,790
24,551
237
447
10,917
950
7,454
20,005
Total charitable activities
176,758
178,047
Total
Charitable activities
Raising funds
176,758
5,833
178,047
540
182,591
178,587
13

LONDON THUNDER BASKETBALL CLUB
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023
4 Tangible fixed assets
Lgasohold
improvgm9nts
Cost
Al 1 August 2022
Additions
Al 31 July 2023
52,182
58,344
110,526
Dopr8ciation
Al 1 August 2022
Charge for the year
14,908
15,790
At 31 July 2023
30,698
Net book value
79,831
At 31 July 2023
37,274
At 31 July 2022
Building Improvements
A subslanlial sum of £208,727 was spent in 2021 on the repair and improvement of the Thunderdome
Building.
The Trustees estimated that 25 /0 of that cost amounting to £52,182 should be capitalised as Improvements
and written off over the remaining lrfe of the lease.
During the year £58,344 (2022.. £Nill was spent on installing gas heaters and a new Basketball court which
has been capitalised and written off over the remaining lrfe of the lease.
S Creditors.. amounts falling due within one year
2023
2022
Accruals
1,250
1,250
1,000
1,000
6 Employees
Number of employees
The average monthly number of employees during the year was 712022.. 71.
7 Long-term commitment
The Thunderdome Building is held under a lease of fifteen years ending on 4th April 2028 al a rent of £1 per
annum.
8 Trustees
No Irustees12022'. none) were reimbursed £nil12022.' £nill for travel expenses incurred on behalf of the
charity. One trustee received £1,32812022.. £Nill as remuneration under a contract for services with the
charity which was considered to be reasonable and in the best interests of the Charity. The Iruslee also
received £18,300 {2022.. £25,888) for coaching servi￿$ through their company, which was also considered
to be reasonable and in the best interests of the charity.
14