**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 2024**
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|8-26|
|Independent Examiner's Report|27|
2
**LONDON YOUNG STARS ELITE CHARITY INFORMATION FOR THE YEAR ENDED 31 MARCH 2024**
**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 2023 **End of Financial Period** 31[st] March[ 2024 ]
**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 232-236 Green Street London London E7 8LE
3
## **LONDON YOUNG STARS ELITE** (Charitable Incorporated Organisation) **TRUSTEES REPORT**
# **FOR YEAR ENDED 31 MARCH 2024**
The trustees present their report and accounts for the year ended 31 March 2024.
## **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 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 delivered the "Hunger for Kids" program, supported by a £12,680 grant from the local council. This initiative benefited over 60 children, including those on school free meals, by providing nutritious meals and engaging activities. We also ran a targeted holiday program in the Isle of Dogs, engaging 40 young people (ages 11-16) in activities aimed at reducing youth crime and fostering positive development.
Grant funding from the local council has been crucial, enabling us to deliver impactful programs and strengthen community engagement. We look forward to expanding these efforts in the years ahead.
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## **LONDON YOUNG STARS ELITE** (Charitable Incorporated Organisation) **TRUSTEES REPORT FOR YEAR ENDED 31 MARCH 2024**
## **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
- select suitable accounting policies and then apply them consistently;
- make judgments and estimates that are reasonable and prudent;
- Prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
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: 05 January 2025
5
**----- Start of picture text -----**
Charity Name: LONDON YOUNG STARS
Charity
ELITE 1185139
No
Annual accounts for the period
Period end
Period start date To
01/04/2023 date 31/03/2024
**----- End of picture text -----**
## **Section A Statement of financial activities**
## **Recommended categories by activity**
## **Incoming resources (Note 1)**
## **Income and endowments from:**
Donations and legacies Charitable activities Other trading activities Investments Separate material item of income Other _**Total**_
## **Resources expended (Note 2)**
## **Expenditure on:**
Raising funds Cost of Charitable activities Governance Costs Other _**Total**_ **Net income/(expenditure) before investment gains/(losses)** Net gains/(losses) on investments **Net income/(expenditure) Extraordinary items Transfers between funds 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 Reconciliation of funds:**_ Total funds brought forward _**Total funds carried forward**_
|Guidance Notes
S01
S02
S03
S04
S05
S06
S07
S08
S09
S10
S11
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
S22|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05
9,760
12,680
-
22,440
30,240
36,381
-
-
36,381
38,926
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
|---|---|
||**46,141**
**12,680**
**-**
**58,821**
**69,166**|
||-
-
-
-
-
51,635
8,650
-
60,285
86,266
-
365
-
365
300
284
-
-
284
-|
||**51,919**
**9,015**
**-**
**60,934**
**86,566**|
|||
||5,778
-
3,665
-
2,113
-
17,400
-|
||-
-
-
-
-|
||5,778
-
3,665
-
2,113
-
17,400
-|
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|
||**5,778**
**-**
**3,665**
**-**
**2,113**
**-**
**17,400**
**-**|
||17,531
425
-
17,956
35,356|
||**11,753**
**4,090**
**-**
**15,843**
**17,956**|
1
6
## **Section B Statement of Financial Position**
|0
**Fixed assets**
**Intangible assets**
**Tangible assets**
**Heritage assets**
**Investments**
**_Total fixed assets_**
**Current assets**
**Stocks**
**Debtors**
**Investments**
**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**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 10)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21
|**Unrestricted**
**funds**
**£**
F01
-
-
-
-|
**Restricted**
**income**
**funds**
**£**
F02
-
-
-
-|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04
-
-
-
-
-
-
- -|**Total last**
**year**
**£**
F05|
|---|---|---|---|---|---|
||||||-
-
-
-|
|||-|-|-
-|-|
|||-
-
-
12,085|-
-
-
4,090|-
-
- -
-
-
-
16,175||
||||||-
-
-
18,256|
|||**12,085**|**4,090**|**-**
**16,175**|**18,256**|
||||||300|
|||332|-|- 332||
|||||||
|||11,753|4,090|-
15,843|17,956|
|||||||
|||**11,753**|**4,090**|**-**
**15,843**|**17,956**|
||||||-
-|
|||-
-|-
-|- -
-
-||
|||||||
|||**11,753**|**4,090**|**-**
**15,843**|**17,956**|
|||-
11,753|4,090
-|-
4,090
- 11,753
-||
||||||-
425
17,531|
|||**11,753**|**4,090**|**-**
**15,843**|**17,956**|
|||Signature||**Victor Salako**
Print Name|Date of
approval
dd/mm/yyyy
**05/01/2025**|
7
## **Section C Notes to the accounts (cont)**
## **Note 1 Analysis of income**
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Restricted
Unrestricted income Endowment
funds funds funds Total funds Prior year
Analysis £ £
Donations Donations and gifts 9,760 12,680 - 22,440 30,240
and legacies: Gift Aid - - - - -
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 9,760 12,680 - 22,440 30,240
Charitable
activities: - - - - -
Registeration Fees 16,567 16,567 22,211
Tournament Revenue 19,814 19,814 13,754
Soccer School - - - - 2,961
Total 36,381 - - 36,381 38,926
Other trading
activities: - - - - -
- - - - -
Other - - - - -
Total - - - - -
Income from Interest income - - - - -
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total - - - - -
Separate - - - - -
material item - - - - -
of income: - - - - -
Total - - - - -
Other: Conversion of endowment funds into income
- - - - -
Gain on disposal of a tangible fixed asset held
for charity's own use - - - - -
Gain on disposal of a programme related
investment - - - - -
Royalties from the exploitation of intellectual
property rights - - - - -
Other - - - - -
Total - - - - -
TOTAL INCOME 46,141 12,680 - 58,821 69,166
Other information:
All income in the prior year was unrestricted except for:
(please provide description and amounts)
Not applicable
Where any endowment fund is converted into income in the
reporting period, please give the reason for the conversion.
Not applicable
Within the income items above the following items are
material: (please disclose the nature, amount and any prior
year amounts)
Not applicable
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## **Section C Notes to the accounts (cont)**
## **Note 2 Analysis of expenditure**
**----- Start of picture text -----**
Unrestricted Restricted Endowment
funds income funds funds Total funds Prior year
Analysis £ £
Expenditure on Incurred seeking donations - - - - -
raising funds: Incurred seeking legacies
- - - - -
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.
51,635 8,650 - 60,285 86,266
Total expenditure on charitable activities
51,635 8,650 - 60,285 86,266
Governence Accountancy & Independent Examiner Fees - 365 - 365 300
Costs Insurance Expense 284 - - 284 -
- - - - -
Total 284 365 - 649 300
Other
- - - - -
Total other expenditure - - - - -
TOTAL EXPENDITURE 51,919 9,015 - 60,934 86,566
**----- End of picture text -----**
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## **Analysis of expenditure on charitable activities**
**----- Start of picture text -----**
Grant
Support Total this Total prior
Head of Account Activities undertaken directly funding of
Costs year year
activities
£ £ £ £ £
Advertisng & Promoting and raising awareness of our charitable activities and 1,675 1,675 2,685
Publicity annual YSE Champions Cup tournament.
Coaches Fees & Supporting and compensating coaches for their dedication to player 3,337 3,337 10,772
Expenses development and tournament preparation.
Procuring and maintaining necessary equipment for the effective 9,061 9,061 3,191
Equipment Costs conduct of association football activities.
Providing recreational and developmental activities for children and 8,650 8,650 900
Holiday Club young people during holiday periods.
Acquiring and maintaining sports uniforms and gear for participants in 271 271 3,496
Kit Costs our charitable sports programs.
Match Refree Compensating referees and covering associated expenses for fair 765 765 2,565
Fees & Expenses and organized football matches.
Administrative costs related to managing the charitable activities and 649 649 3,545
Office Expenses organizing events.
Renting suitable facilities to facilitate the practice and execution of 11,414 11,414 3,496
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 3,149 3,149 1,200
Fees football programs.
Supporting the dedicated staff involved in coordinating and executing - 2,261
Staff Costs charitable sports initiatives.
Addressing miscellaneous costs associated with the smooth
155 155 999
Sundry Expenses functioning of the charity and events.
Telephone Covering communication costs essential for organizational 651 651 314
Expenses coordination and outreach.
Includes venue hire, referee payments, hotel accommodations,
Tournament catering, and travel expenses for the YSE Champions Cup, ensuring 19,082 19,082 43,883
Costs a comprehensive and well-organized sporting event.
Travel & Facilitating travel and accommodations for teams participating in the 1,376 1,376 5,908
Subsistense YSE Champions Cup and related events.
Total 60,234 - 60,234 86,266
**----- End of picture text -----**
**Within the expenditure items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
Not applicable
10
**Section C Notes to the accounts**
## 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 Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
**Yes**
* -Tick as appropriate
## **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:**_
An explanation as to those factors that _**Not applicable**_ support the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the _**Not applicable**_ going concern assumption doubtful; Where accounts are not prepared on a going _**Not applicable**_ 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.
## **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
_**(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*
**----- End of picture text -----**
## _**Please disclose:**_
**----- Start of picture text -----**
(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.
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12
## **Section C Notes to the accounts**
## **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).**_
|**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**Last year**
**£**
**£**
365.00 300.00
- -
- -
- -
|
|---|---|
13
## **Section C Notes to the accounts (cont)**
## **Note 4 Accounting policies**
## **4.1 INCOME**
_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below._
|**Recognition of income**
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
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift 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.
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.
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 services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
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.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
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**
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
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.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
14
|**4.3 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
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.
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.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
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.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
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**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
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.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
**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.
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**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.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
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.
**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.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**|Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
Yes
No
N/a
|
|---|---|
15
**----- Start of picture text -----**
The charity has has investments which it holds for resale or pending their sale and cash and cash Yes No N/a
Current asset equivalents with a maturity date less than one year. These include cash on deposit and cash
investments 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.
Yes No N/a
They are valued at fair value except where they qualify as basic financial instruments.
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM Not applicable
THOSE ABOVE
**----- End of picture text -----**
16
## **Section C Notes to the accounts (cont)**
**Note 6 Paid employees** _**Please complete this note if the charity has any employees.**_
## **6.1 Staff Costs**
|**6.1 Staff Costs**||
|---|---|
|**Salaries and wages**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**|**This year**
**Last year**
**£**
**£**
- 2,261
- -
- -
- -|
||**- 2,261**|
**Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party**
_**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_
|**_please enter 'true' in the box provided._**|**_please enter 'true' in the box provided._**|**_please enter 'true' in the box provided._**||||
|---|---|---|---|---|---|
|**No employees received employee benefits (excluding employer**||||||
|**pension costs) for the reporting period of more than £60,000**|||||**Yes**|
|||||||
|**Band**||**Number**||**of employees**||
|**£60,000 to £69,999**||||No||
|**£70,000 to £79,999**||||No||
|**£80,000 to £89,999**||||No||
|**£90,000 to £99,999**||||No||
|**£100,000 to £109,999**||||No||
|||||||
|||||||
|||||||
|||||||
|**Please provide the total amount paid to**||||||
|**key management personnel (includes**||||||
|**trustees and senior management) for**||||**£0**||
|**their services to the charity**||||||
**6.2 Average head count in the year**
**The parts of the charity in which the employees work**
|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**|**This year**
**Last year**
**Number**
**Number**
- -
- -
- 1
- -|
|---|---|
||- 1|
17
## **Section C Notes to the accounts (cont)**
## **Note 8 Creditors and accruals**
_**Please complete this note if the charity has any creditors or accruals.**_
## **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**
**----- Start of picture text -----**
Amounts falling due Amounts falling due after
within one year more than one year
This year Last year This year Last year
£ £ £ £
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
332 300 - -
Total 332 300 - -
**----- End of picture text -----**
18
Page 13
## **Section C Notes to the accounts (cont)**
## **Note 7 Debtors and prepayments**
_**Please complete this note if the charity has any debtors or 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)**
|**Prepayments and accrued income**
**Other debtors**
**Total**
**Trade debtors**|**This year**
**Last year**
**£**
**£**
- -
- -
- -
- -|
|---|---|
||- -
|
19
**Section C Notes to the accounts (cont)**
## **Note 9 Cash at bank and in hand**
|**Note 9 Cash at bank and in hand**||
|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**Last year**
**£**
**£**
- -
- -
16,175
18,256
- -|
||**16,175**
**18,256**|
20
## **Section C Notes to the accounts (cont)**
## **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 12,680 - 9,015 - - 4,090
(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
17,531 46,141 - 51,919 - - 11,753
Activities/Projects (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.
R
Total Funds 17,956 58,821 - 60,934 - - 15,843
**----- End of picture text -----**
21
## **Section C Notes to the accounts (cont)**
## **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 425 10,000 - 10,000 - - 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 34,931 59,166 - 76,566 - - 17,531
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 35,356 69,166 - 86,566 - - 17,956
**----- End of picture text -----**
22
## **Note 12 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance**_
## **11.1 Trustee remuneration and benefits**
## **This year**
**None of the trustees have been paid any remuneration or received any other benefits from**
**TRUE**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Remunerati**
**on**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
- - - -
**-**
- - - -
**-**
**Amounts paid or benefit value**|
|---|---|
## _**Please give details of why remuneration or other employment benefits were paid.**_
**N/A**
_**Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.**_
## **Last year**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
**TRUE**
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of trustee**
**Legal authority (eg**
**order, governing**
**document)**|**Remunerati**
**on**
**Pension**
**contribution**
**Redundancy**
**(including**
**loss of**
**office)/ex**
**gratia**
**Other**
**TOTAL**
**£**
**£**
**£**
**£**
- - - -
**-**
- - - -
**-**
**Amounts paid or benefit value**|
|---|---|
_**Please give details of why remuneration or other Where an ex gratia payment has been made to a**_
**N/A**
23
## **12.2 Trustees' expenses**
## _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be**_
**----- Start of picture text -----**
No trustee expenses have been incurred (True or False) FALSE
This year Last year
Type of expenses reimbursed
£ £
Travel 770 -
Subsistence - -
Accommodation - -
Phone 756 -
- -
TOTAL 1,526 -
Please provide the number of trustees reimbursed for expenses 2
or who had expenses paid by the charity
**----- End of picture text -----**
## **12.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
## **This year**
|**There have been**|**no related party**|**no related party**|**transactions in the reporting period (True or False)**|**transactions in the reporting period (True or False)**|**transactions in the reporting period (True or False)**|**transactions in the reporting period (True or False)**||**_TRUE_**|**_TRUE_**|
|---|---|---|---|---|---|---|---|---|---|
|||||||||||
||||||||||**Amounts**|
|**Name of the**
**trustee or**
**related party**||**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad**
**debts at period end**|||**written off**
**during**
**reporting**|
||||||||||**period**|
|||||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_
_**For any related party, please provide details of any guarantees given or received.**_
N/A N/A
24
## **Last year**
**----- Start of picture text -----**
There have been no related party transactions in the reporting period (True or False) TRUE
Amounts
Name of the written off
Relationship Description of the Balance at Provision for bad
trustee or Amount during
to charity transaction(s) period end debts at period end
related party reporting
period
£ £ £ £
In relation to the transactions above, please provide N/A
For any related party, please provide details of any N/A
**----- End of picture text -----**
25
## **Section C Notes to the accounts (cont)**
## **Note 13 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
Not Applicable
26
(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 2024 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 / 2024. 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:
- 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 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.
> Z Munawar
> 232-236 Green Street London London E7 8LE
> 05 January 2025
27