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2023-03-31-accounts

Charity Registration No. 1185139 (England and Wales)

LONDON YOUNG STARS ELITE

(Charitable Incorporated Organisation)

CHARITY REGISTRATION No: 1185139

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

Amzes Accountant AMZES LTD

www.amzes-accountancy.co.uk Unit 14 East shopping Centre 232-236 Green Street London E7 8LE

1

LONDON YOUNG STARS ELITE (Charitable Incorporated Organisation) ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS

Page
Legal and Administrative information 3
Trustees' report 4-5
Statement of financial Activities 6
Statement of financial position 7
Notes to the accounts 8-19
Independent Examiner's Report 20

2

LONDON YOUNG STARS ELITE CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2023

Trustees at 31 March 2023 Dean Kirrage Jonathan Clarke Victor Salako Yddalaz Addy Dayo Martins Nathan Manning-Joseph Charity Number 1185139 (England and Wales) Date of Registration 2[nd] September 2019 Start of Financial Period 1[st] April 2022 End of Financial Period 31[st] March[ 2023 ]

Legal Status Charitable Incorporated Organisation

GOVERNING INSTRUMENT CIO - Foundation Registered 2nd September 2019 and Amended 16th April 2020

Objects

1. To advance the amateur sport of Association Football for the public by providing or assisting in the provision of facilities for children and young people to play Association Football ("Facilities" means Land, Buildings, Equipment and Organising Sporting Activities) 2. To provide and assist in providing facilities for sport, recreation and other leisure time occupation of people who have need for such facilities because of their youth, age, infirmity or disablement, poverty or social and economic circumstances for the public at large in the interest of social welfare and with the object of improving their conditions of life.

Registered Office Kemp House 124 City Road London EC1V 2NX United Kingdom Primary Bankers Metro Bank Plc 1 Southampton Row London WC1B 5HA Independent Examiners AMZES ACCOUNTANTS Amzes Ltd Unit 14 East shopping Centre 232-236 Green Street London London E7 8LE

3

LONDON YOUNG STARS ELITE (Charitable Incorporated Organisation) TRUSTEES REPORT

FOR YEAR ENDED 31 MARCH 2023

The trustees present their report and accounts for the year ended 31 March 2023.

Trustees

The following trustees held office during the whole of the period:

Dean Kirrage Jonathan Clarke Victor Salako Yddalaz Addy Dayo Martins Nathan Manning-Joseph

Organisational Growth and Achievements Report

Over the past two years, our charitable organisation has demonstrated substantial growth and success in various programs aimed at fostering community engagement and youth development. This report provides an overview of our achievements, expansion efforts, and notable initiatives.

Membership and Program Expansion:

Since February 2021, our organization has witnessed a significant increase in membership, with a current enrollment of approximately 150 individuals across various programs. Notably, our football league teams, soccer school, and girls' wildcats programs have continued to thrive, attracting members from diverse boroughs in London. This expansion has been complemented by the successful execution of tournaments that garnered participation from numerous teams and children in the London area, providing valuable opportunities for youth to remain actively involved in football.

Furthermore, our commitment to providing access to sports and recreational activities has resulted in increased bookings at the local school where we operate. To further amplify our presence, we are exploring additional venues within the borough, aiming to create more opportunities for the community.

Financial Support and Grants:

This fiscal year has been marked by strategic partnerships and financial support from key stakeholders. Notably, we have secured grants from the National Lottery and Tower Hamlets Council in collaboration with the East End Community Foundation. These grants have been instrumental in sustaining projects such as free community football sessions, girls' mini tournaments, and adult Yoga classes. The acquisition of external funding has become a cornerstone of our annual income, allowing us to maintain and expand our diverse range of free local initiatives.

Summer Holiday Programs:

Our organization successfully executed a summer holiday program, "Hunger for Kids," throughout August 2022, attracting over 50 children and young people. This program, funded by Tower Hamlets Council, aimed to provide a holistic experience, inclusive of those on school free meals. In addition, a separate holiday initiative in collaboration with Tower Hamlets Council specifically targeted children and young people in the Isle of Dogs, addressing the increased challenges of crime in the area. This targeted project drew participation from over 30 individuals aged 11-16, contributing to its success.

In summary, our organization's commitment to community engagement, youth development, and providing access to sports and recreational activities has resulted in substantial growth and positive impacts. The strategic acquisition of grants has played a pivotal role in sustaining our initiatives, allowing us to serve a broader audience and make a lasting difference in the communities we engage with. We look forward to continuing our efforts and expanding our reach in the upcoming years.

4

LONDON YOUNG STARS ELITE

(Charitable Incorporated Organisation)

TRUSTEES REPORT FOR YEAR ENDED 31 MARCH 2023

Statement of trustees' responsibilities

The Charities Act 2011 requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the CIO and of the surplus of the CIO for that period. In preparing those financial statements the trustees are required to

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CIO's transactions and disclose with reasonable accuracy at any time the financial position of the C.I.O and enable them to ensure that the accounts comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the C.I.O and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the trustees

............................................................................

Victor Salako Trustees

Approved by the trustees on: 11 January 2024

5

LONDON YOUNG STARS ELITE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
Incoming resources (Note 1)
F01
F02
F03
Income and endowments from:
Donations and legacies
20,240
10,000
-
Charitable activities
38,926
- -
Other trading activities
- - -
Investments
-
-
Separate material item of income
- - -
Other
- - -
Total
59,166
10,000
-
Resources expended (Note 2)
Expenditure on:
Raising funds
-
-
-
Cost of Charitable activities
75,179
11,087
-
Governance Costs
300
-
-
Other
- - -
Total
75,479
11,087
-
Net income/(expenditure)
before investment
gains/(losses)
-
16,313
-
1,087
-
Net gains/(losses) on investments
- - -
Net income/(expenditure)
-
16,313
-
1,087
-
Extraordinary items
- - -
Transfers between funds
-
1,000
1,000
-
Other recognised
gains/(losses):
Gains and losses on revaluation of fixed
assets for the charity’s own use
- - -
Other gains/(losses)
- - -
Net movement in funds
-
17,313
-
87
-
Reconciliation of funds:
Total funds brought forward
34,931
425
-
Total funds carried forward
17,618
338
-		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Total funds
31 March
2023
£
F04		 Prior year
funds
31 March
2022
£
F05
20,240
10,000
-		 30,240 22,213
38,926
- -		 38,926 45,607
- - - - 7
-
-		 - -
- - - - -
- - -
-		 -
59,166
10,000
-
69,166		 67,827
-
-
-		 - -
75,179
11,087
-		 86,266 69,072
300
-
-		 300 700
- - -
-		 -
75,479
11,087
-
86,566		 69,772
-
16,313
-
1,087
-		 -
17,400
-
1,945
- - - - -
-
16,313
-
1,087
-		 -
17,400		 -
1,945
- - - - -
-
1,000
1,000
-		 - -
- - - - -
- - -
-		 -
-
17,313
-
87
-
-
17,400		 -
1,945
34,931
425
-
35,356		 37,301
17,618 338 -
17,956		 35,356

6

LONDON YOUNG STARS ELITE STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2023

Fixed assets
Intangible assets
Tangible assets
Total fixed assets
Current assets
Stocks
Debtors
Cash at bank and in hand (Note 9)
Total current assets
Creditors: amounts falling due
within one year (Note 8)
Net current assets/(liabilities)
Total assets less current liabilities
Creditors: amounts falling due
after one year (Note 8)
Total net assets or liabilities
Funds of the Charity
Restricted income funds (Note 10)
Unrestricted funds
Revaluation reserve
Total funds
Signed by one or two trustees on behalf
of all the trustees		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Unrestricted
funds
Restricted
income
funds
Endowment
funds
£
£
£
F01
F02
F03		 Total
31 March
2023
Total last
year 31
March 2022
£
£
F04
F05		 Total
31 March
2023
Total last
year 31
March 2022
£
£
F04
F05
- - - - -
- - - - -
-
-
-
-
-
- - - - -
- - - - -
17,918
338
-
18,256
36,056
17,918
338
-
18,256
36,056
300
- -		 300
700
17,618
338
-
17,956
35,356
17,618
338
-
17,956
35,356
- - - - -
17,618
338
-
17,956
35,356
338 338
35,356
17,618
- -		 17,618
-
-
17,618
338
-
17,956
35,356
Print Name
Date of
approval
11/01/2024
**Victor ** Salako
11/01/2024

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LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 1 Analysis of income

Charitable
activities:
Investement
Income
Donations and
legacies:
TOTAL INCOME		 Donations and gifts
Gift Aid
Legacies
General grants provided by
government/other charities
Total
Analysis		 Unrestricted
funds
Restricted
income funds
Total funds 31
March 2023
Prior year
31 March 2022
£
£
20,240 10,000 30,240 22,213
- - - -
- - - -
- - - -
20,240 10,000 30,240 22,213
- - - -
22,211
22,211 22,658
13,754
13,754 3,756
2,961 - 2,961 19,193
38,926 - 38,926 45,607
- - - -
-
- 7
-
- -
- - - 7
59,166 10,000 69,166 67,827
Registeration Fees
Tournament Fees
Soccer School
**Total **
Interest
Dividend
**Total **

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LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 2 Analysis of expenditure

----- Start of picture text -----
Unrestricted Restricted
funds income funds Total funds
Analysis £
Expenditure on Incurred seeking donations - - -
raising funds: Incurred seeking grants
Total expenditure on raising funds - - -
Expenditure on (1) The promotion and advancement of the amateur
charitable sport of association football for the public benefit,
activities achieved by facilitating or supporting the provision of
facilities aimed at enabling children and young people
to engage in association football. ("Facilities"
encompass land, buildings, equipment, and the
organization of sporting activities).
(2) The provision and support of facilities catering to
sports, recreation, and other leisure activities for
individuals requiring such amenities due to factors
such as youth, age, infirmity, disability, poverty, or
challenging social and economic circumstances. This
initiative is undertaken in the broader interest of social
welfare, with the overarching goal of enhancing their
quality of life. 75,179 11,087 86,266
Total expenditure on charitable activities
75,179 11,087 86,266
Governence Accountancy & Independent Examiner Fees 300 300
Costs
- - -
- - -
Total 300 - 300
Other
- - -
Total other expenditure - - -
TOTAL EXPENDITURE 75,479 11,087 86,566
----- End of picture text -----

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LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 2.1 Analysis of expenditure on charitable activities

----- Start of picture text -----
Head of Total this Total prior
Activities undertaken directly
Account year year
£ £ £
Advertisng & Promoting and raising awareness of our charitable activities and annual 2,685 1,165
Publicity YSE Champions Cup tournament.
Bank Essential fees for banking services, facilitating London Young Stars - 90
Fees/Charges Elite's financial operations.
Coaches Fees Supporting and compensating coaches for their dedication to player 10,772 13,646
& Expenses development and tournament preparation.
Equipment Procuring and maintaining necessary equipment for the effective conduct 3,191 4,239
Costs of association football activities.
Providing recreational and developmental activities for children and 900 3,564
Holiday Club young people during holiday periods.
Acquiring and maintaining sports uniforms and gear for participants in our 3,496 6,204
Kit Costs charitable sports programs.
Match Refree
Fees & Compensating referees and covering associated expenses for fair and 2,565 1,469
Expenses organized football matches.
Office Administrative costs related to managing the charitable activities and 3,545 937
Expenses organizing events.
Renting suitable facilities to facilitate the practice and execution of 3,496 7,023
Pitch Hire association football programs.
-
Players Investing in the development and skill enhancement of young football 1,050
Development players.
Registeration Covering fees for player registrations to participate in our association 1,200 2,092
Fees football programs.
Subcontracting We compensate contractors for their work as an essential component of 2,261 2,604
Costs our charitable activities, ensuring the effective execution of our mission.
Sundry Addressing miscellaneous costs associated with the smooth functioning
999 612
Expenses of the charity and events.
Telephone Covering communication costs essential for organizational coordination 314 429
Expenses and outreach.
Includes venue hire, referee payments, hotel accommodations, catering,
Tournament and travel expenses for the YSE Champions Cup, ensuring a 43,883 21,932
Costs comprehensive and well-organized sporting event.
Travel & Facilitating travel and accommodations for teams participating in the YSE 5,908 3,064
Subsistense Champions Cup and related events.
Total 86,266 69,070
----- End of picture text -----

10

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 3 Basis of preparation

This section should be completed by all charities .

3.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.*

Yes

3.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why
the charity is not regarded as a going
concern.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that
support the conclusion that the charity is a
going concern;		 Not applicable
The charity's continued financial stability, positive growth
trends, and strategic plans affirm its status as a going
concern.
Not applicable

3.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes*
* -Tick as appropriate
No*
Please disclose:
(i) the nature of the change in accounting policy; Not applicable
(ii) the reasons why applying the new accounting policy
provides more reliable and more relevant information; Not applicable
and

11

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

(iii) the amount of the adjustment for each line affected Not applicable in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

3.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

----- Start of picture text -----
Yes
 -Tick as appropriate
No
Please disclose:
(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or
Not applicable
assets and liabilities for the current period; and
(iii) where practicable, the effect of the change in one or Not applicable
more future periods.
----- End of picture text -----*

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

----- Start of picture text -----
Yes
 -Tick as appropriate
No
Please disclose:
(i) the nature of the prior period error; Not applicable
(ii) for each prior period presented in the accounts, the
amount of the correction for each account line item
affected; and
Not applicable
(iii) the amount of the correction at the beginning of the Not applicable
earliest prior period presented in the accounts.
----- End of picture text -----*

12

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

----- Start of picture text -----
Note 4 Accounting policies
4.1 INCOME
----- End of picture text -----

Note 4
4.1 INCOME		 Accounting policies
Recognition of income These are included in the Statement of Financial Activities (SoFA) when:
 the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
 the monetary value can be measured with sufficient reliability.
There has been no offsetting of assets and liabilities, or income and expenses, unless required
Offsetting or permitted by the FRS 102 SORP or FRS 102.
Grants and donations are only included in the SoFA when the general income
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets in
the estate and any conditions attached to the legacy are either within the control of the
charity or have been met.
Government grants The charity has received government grants in the reporting period
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift
donations and gifts and is treated as an addition to the same fund as the initial donation unless the donor or
the terms of the appeal have specified otherwise.
Contractual income and This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions.
grants
Donated goods Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
Donated services and Donated services and facilities are included in the SOFA when received at the value of
facilities the gift to the charity provided the value of the gift can be measured reliably.
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
Support costs The charity has incurred expenditure on support costs.

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LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

The value of any voluntary help received is not included in the accounts but is described Volunteer help in the trustees’ annual report. Income from interest, This is included in the accounts when receipt is probable and the amount receivable can royalties and dividends be measured reliably. Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations subscriptions and Legacies. Insurance claims are only included in the SoFA when the general income recognition Settlement of insurance criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA. Investment gains and This includes any realised or unrealised gains or losses on the sale of investments and losses any gain or loss resulting from revaluing investments to market value at the end of the year.

4.2 EXPENDITURE AND LIABILITIES
Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
Governance and support
costs		 Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Grants with performance
conditions		 Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
Grants payable without
performance conditions		 Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
Redundancy cost The charity made no redundancy payments during the reporting period.
Deferred income No material item of deferred income has been included in the accounts.
Creditors The charity has creditors which are measured at settlement amounts less any trade
discounts
A liability is measured on recognition at its historical cost and then subsequently
Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the
reporting date
Basic financial
instruments		 The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.

4.3 ASSETS

Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity

They are valued at cost.

The depreciation rates and methods used are disclosed in note 9.2.

14

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5

They are valued at cost.

Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments

Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value.

Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.

Debtors (including trade debtors and loans receivable) are measured on initial recognition at Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.

The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

15

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 5 Details of certain items of expenditure

5.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees

This year Last year
£ £
300.00 700.00
- -
- -

Note 6 Paid employees

6.1 Staff Costs

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs		 This year
Last year
£
£
- -
- -
- -
- -
- -

16

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 7 Debtors and prepayments

7.1 Analysis of debtors
Trade debtors
Prepayments and accrued income
Other debtors		 This year
Last year
£
£
- -
- -
- -
--

Total

7.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Note 8 Creditors and accruals
Trade debtors
Prepayments and accrued income
Other debtors
Total		 This year
Last year
£
£
- -
- -
- -
- -

8.1 Analysis of creditors

8.1 Analysis of creditors

Accruals for grants payable
Bank loans and overdrafts
Trade creditors
Payments received on account for contracts or
performance-related grants
Accruals and deferred income
Taxation and social security
Other creditors
Total		 This year
Last year
This year
Last year
£
£
£
£
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
300
700
- -
Amounts falling due
Amounts falling due after
300
700
- -
Note 9 Cash at bank and in hand
Total
Short term cash investments (less than 3 months maturity date)
Short term deposits
Cash at bank and on hand		 This year
Last year
£
£
- -
- -
18,256
36,056
18,256
36,056

17

LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 10 Charity funds

10.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Restricted funds encompass resources within the
charity dedicated for a specific and designated
Donations & Gifts purpose.The Ristricted funds represents the funds
of the charity which are designated for the particular
R purpose 425 10,000 - 11,087 1,000 - 338
(1) The promotion and advancement of the amateur
sport of association football for the public benefit,
achieved by facilitating or supporting the provision of
facilities aimed at enabling children and young
people to engage in association football. ("Facilities"
encompass land, buildings, equipment, and the
Charitable organization of sporting activities).
Activities/Projects & 34,931 59,166 - 75,479 - 1,000 - 17,618
Governenace Costs (2) The provision and support of facilities catering to
sports, recreation, and other leisure activities for
individuals requiring such amenities due to factors
such as youth, age, infirmity, disability, poverty, or
challenging social and economic circumstances.
This initiative is undertaken in the broader interest of
social welfare, with the overarching goal of
enhancing their quality of life.
UR
Total Funds 35,356 69,166 - 86,566 - - 17,956
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LONDON YOUNG STARS ELITE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023

Note 11 Charity funds

11.1 Details of material funds held and movements during the PREVIOUS reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

----- Start of picture text -----
Fund Fund
balances balances
Type PE, EE
Purpose and Restrictions brought Gains and carried
R or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
Restricted funds encompass resources within
the charity dedicated for a specific and
Donations & Gifts designated purpose.The Ristricted funds
represents the funds of the charity which are
R designated for the particular purpose 16,184 7,200 - 23,039 80 - 425
(1) The promotion and advancement of the
amateur sport of association football for the
public benefit, achieved by facilitating or
supporting the provision of facilities aimed at
enabling children and young people to engage
in association football. ("Facilities" encompass
land, buildings, equipment, and the
organization of sporting activities).
Charitable
(2) The provision and support of facilities 21,117 60,627 - 46,733 - 80 - 34,931
Activities/Projects
catering to sports, recreation, and other leisure
activities for individuals requiring such
amenities due to factors such as youth, age,
infirmity, disability, poverty, or challenging
social and economic circumstances. This
initiative is undertaken in the broader interest
of social welfare, with the overarching goal of
enhancing their quality of life.
R
Total Funds 37,301 67,827 - 69,772 - - 35,356
----- End of picture text -----*

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(Charitable Incorporated Organisation)

LONDON YOUNG STARS ELITE

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees LONDON YOUNG STARS ELITE

On accounts for the year 31st MARCH 2023 Charity no 1185139 ended (if any) Set out on pages I report to the trustees on my examination of the accounts of the above charity (“LONDON YOUNG STARS ELITE”) for the year ended 31 / 03 / 2023. Responsibilities and basis of report As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. I report in respect of my examination of the Charity’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 I have completed my examination. I confirm that no material matters have statement come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Zeeshan Munawar ACCA AMZES ACCOUNTANT Amzes Ltd Unit 14 East shopping Centre 232-236 Green Street London London E7 8LE

11 January 2024

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