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2024-04-30-accounts

Company number: 12992326 Charity Number: 1193695

London Youth Sports Trust

Report and financial statements For the year ended 30 April 2024

London Youth Sports Trust

Contents

For the year ended 30 April 2024

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 2 Independent examiner’s report ...................................................................................................... 8 Statement of financial activities (incorporating an income and expenditure account) ................... 10 Balance sheet ............................................................................................................................... 11 Notes to the financial statements ................................................................................................. 12

London Youth Sports Trust

Reference and administrative information

For the year ended 30 April 2024

Company number 12992326
Country of incorporation
United Kingdom
Charity number 1193695
Country of registration
England & Wales
Registered office and
Griffin Sports		 Ground
operational address Dulwich
London
SE21 7AL
Trustees Trustees, who are also directors under company law, who served during the
period and up to the date of this report were as follows:
Stephen Grey Chair
Mark Henderson
Jamahl Jarrett
Sean Keaton (Resigned 1 November 2023)
Andrew Low
Aisling Roberts (Appointed 1 November 2023)
Bankers CAF Bank Limited
25 Kings Hill Avenue
Kings Hill,
West Malling,
Kent ME19 4JQ
Solicitors Milbank
100 Liverpool Street
London
EC2M 2AT
Independent Jonathan Orchard
examiner Sayer Vincent LLP
Chartered Accountants
110 Golden Lane
London
EC1Y 0TG

1

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

The trustees present their report and the financial statements for the year ended 30 April 2024.

Reference and administrative information set out on page 1 forms part of this report. The financial statements comply with current statutory requirements, the memorandum and articles of association, the requirements of a directors’ report as required under company law, and the Statement of Recommended Practice - Accounting and Reporting by Charities: SORP applicable to charities preparing their accounts in accordance with FRS 102.

Objectives and activities

Purposes and aims

London Youth Sports Trust (“LYST”) was incorporated on 03 November 2020.

The charity’s purposes are “to provide or assist in the provision of facilities in the interests of social welfare for recreation or other leisure time occupation of individuals who have need of such facilities by reason of their youth, age, infirmity or disability, financial hardship or social circumstances with the object of improving their conditions of life.”

In accordance with these principles, the mission of the charity is to provide high quality and affordable sports facilities to the people of South London, with an emphasis on young people who have lacked access to such facilities in the past.

To pursue this mission, the charity:

LYST has taken out a 30-year lease for the Griffin from the Dulwich Estate. The ground has been restored as a top-quality community facility for football and cricket, that focuses on inclusive sport. The Griffin is home to Lambeth Tigers Football Club, which has a mission to support players from all backgrounds, in particular those in deprived neighbourhoods and Dulwich Cricket Club’s women’s and girls’ teams. The ground also supports local state schools.

The trustees review the aims, objectives and activities of the charity each year. This report looks at what the charity has achieved and the outcomes of its work in the reporting period. The trustees report the success of each key activity and the benefits the charity has brought to those groups of

2

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

people that it is set up to help. The review also helps the trustees ensure the charity's aims, objectives and activities remained focused on its stated purposes.

The trustees have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning its future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives that have been set.

Achievements and performance

The charity's main activities and who it tries to help are described below. All its charitable activities focus on sport and community events and are undertaken to further London Youth Sports Trust’s charitable purposes for the public benefit.

LYST inherited management of the Griffin Sports Ground in a run-down state and making substantial losses. From signing a lease for the Griffin Sports Ground in March 2022, the charity has focussed on major improvements to put the ground and buildings in a good state of repair and able to generate sufficient income streams to make the charity sustainable.

In 2022/2023 significant funding was arranged with public sporting bodies (Sport England, the Football Foundation, and Southwark Council’s Olympic legacy fund) for extensive repairs and investment, particularly of the defunct field drainage and irrigation, which has frequently left the sports field waterlogged during winter months and bone-dry and cracked in the summer. The approximate cost was £450k. Following the completion of these renovations, the pitches have held up well during a historically very wet winter over the 2023/24 football season. In all, the Griffin hosted 530 football games, with only 41 games cancelled due to wet weather. That enabled us to provide activity to a great number of people: an estimated 3,552 adult player games, and a 7,968 junior player games.

Meanwhile, in the clubhouse, our previous renovation has enabled us to both provide a welcome home for our players and visitors but also to run an extensive program of hosting private and community events. These events have played a key role in putting us on the road to sustainable operations.

LYST also undertook a programme to renovate the cricket pitches in 2023, with a new main cricket square funded by the ECB. This investment bore fruit in the summer of 2024, with the new square coming into action. Hosting nearly 100 cricket games, we continued to prioritise women and girls cricket and also host Carnegie CC (a West Indian heritage club which never previously had a home ground) and Dulwich CC Girls.

In 2024, we were delighted to be granted a water extraction license by the Environment Agency and complete the installation a borehole to create our own clean water supply to support summer irrigation and reduce water bills.

3

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

Also in the summer of 2024, we were able complete the installation an eight-lane cricket nets to increase our offer to young people, which, together with a newly laid cricket square, was accomplished with the aid of a £360,000 grant from the English Cricket Board.

Beneficiaries of the services in 2023/2024 have included:

Financial review

As of 30 April 2024 the financial position of the charity was sound with revenues for the year of £302,042 substantially covering costs of £167,765. Fundraising and donations for the year equalled £135,497. These figures all exclude any dilapidation contributions which are explained in the “Plans for the Future” section below.

There are no uncertainties about the charity’s ability to continue as a going concern.

Principal risks and uncertainties

Operational risk assessments are carried out by the management team during the normal course of the sports season, and then again for one-off events.

Reserves policy and going concern

LYST’s reserves policy is always to have at least 5 months of running costs and for 2024 this is approximately £280k and therefore reserves of £95k will be needed for the normal course of business.

4

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

Plans for the future

Approximately 90% of the dilapidations works have been carried this year, from the £286k sum paid to LYST when the lease was taken over in 2022. The rest of the works are expected to be completed this year.

We will continue to complete renovations to the buildings and ground, health and safety systems, as well as consulting with all stakeholders, including local residents, on future options to better serve the community.

Among further projects under review are:

We expect to begin fundraising and seek planning consent for these projects in early 2025. We are also looking for a corporate partner who could serve as the main sponsor of our charitable work.

Structure, governance and management

The organisation is a charitable company limited by guarantee, incorporated on 3 November 2020 and registered as a charity on 4 March 2021.

The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association.

All trustees give their time voluntarily and receive no benefits from the charity.

Appointment of trustees

Lambeth Tigers Foundation, Lambeth Tigers FC and Dulwich Cricket Club were invited to appoint trustees for LYST.

Stephen Grey, Jamahl Jarrett, and Andrew Low were appointed from Lambeth Tigers Foundation and Lambeth Tigers FC, and Aisling Roberts and Mark Henderson were appointed from Dulwich Cricket Club.

5

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

Related parties and relationships with other organisations

As founders of LYST, who appoint trustees and derive benefit, among others, through the use of the grounds, the Lambeth Tigers Foundation, Lambeth Tigers FC and Dulwich Cricket Club are related parties.

LYST is also the parent charity of a fully owned trading subsidiary company, London Youth Sports Ground Limited (LYSG). LYSG generates income through bar and kitchen sales at the clubhouse and donates all available profits to the main charity.

Statement of responsibilities of the trustees

The trustees (who are also directors of London Youth Sports Trust for the purposes of company law) are responsible for preparing the trustees’ annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law 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 charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

6

London Youth Sports Trust

Trustees’ annual report

For the year ended 30 April 2024

Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 30 April 2023 was £1. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.

The trustees’ annual report has been approved by the trustees on 20th January 2025 and signed on their behalf by

Stephen Grey Chair

7

Independent examiner’s report

To the trustees of

London Youth Sports Trust

Independent examiner’s report to the trustees of London Youth

Sports Trust

I report to the trustees on my examination of the accounts of London Youth Sports Trust for the year ended 30 April 2024.

This report is made solely to the trustees as a body, in accordance with the Charities Act 2011. My examination has been undertaken so that I might state to the trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the trustees as a body, for my examination, for this report, or for the opinions I have formed.

Responsibilities and basis of report

As the charity trustees of the Company you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’)/Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Company’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 Charities Act 2011 (‘the 2011 Act’).

An independent examination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.

Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accounts in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

8

Independent examiner’s report

To the trustees of

London Youth Sports Trust

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

Signed:

Name: Jonathan Orchard FCA

The Institute of Chartered Accountants in England and Wales

Address: Sayer Vincent LLP, Invicta House, 108-114 Golden Lane, London, EC1Y 0TL Date: 22 January 2025

9

London Youth Sports Trust

Statement of financial activities (incorporating an income and expenditure account)

For the year ended 30 April 2024

Income from:
Note
2
Investment income
3
3
4
Reconciliation of funds:
Total income
Expenditure on:
Other trading activities
Grants and donations
Charitable activities
Pitch hire
Raising funds
Other trading activities
Total expenditure
Charitable activities
Pitch hire
Total funds brought forward
Net income / (expenditure) for the year
Total funds carried forward
Net movement in funds		 Unrestricted
£
135,497
162,941
-
3,604		 2024
Total
£
135,497
162,941
-
3,604		 Unrestricted
£
845,296
80,929
44,724
2,333		 2023
Total
£
845,296
80,929
44,724
2,333
302,042 302,042 973,282 973,282
775
133,502
-		 775
133,502
-		 122
196,774
56,703		 122
196,774
56,703
134,277 134,277 253,599 253,599
167,765 167,765 719,683 719,683
167,765
821,317		 167,765
821,317		 719,683
101,634		 719,683
101,634
989,082 989,082 821,317 821,317

All of the above results are derived from continuing activities which are unrestricted in nature. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 12 to the financial statements.

10

London Youth Sports Trust

Company no. 12992326

Balance sheet

As at 30 April 2024

Note
£
Fixed assets:
9
670,337
Current assets:
10
44,011
296,739
340,750
Liabilities:
11
(22,005)
13
989,082
Total unrestricted funds
General funds
Total charity funds
Cash at bank and in hand
Tangible assets
Unrestricted income funds:
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Debtors		 Note
£
Fixed assets:
9
670,337
Current assets:
10
44,011
296,739
340,750
Liabilities:
11
(22,005)
13
989,082
Total unrestricted funds
General funds
Total charity funds
Cash at bank and in hand
Tangible assets
Unrestricted income funds:
The funds of the charity:
Creditors: amounts falling due within one year
Net current assets
Total net assets
Debtors		 2024
2023
£
£
£
332,509
670,337
332,509
29,395
579,960
609,355
(120,547)
318,745
488,808
989,082
821,317
821,317
989,082
821,317
989,082
821,317		 2024
2023
£
£
£
332,509
670,337
332,509
29,395
579,960
609,355
(120,547)
318,745
488,808
989,082
821,317
821,317
989,082
821,317
989,082
821,317
44,011
296,739		 332,509
340,750
(22,005)
989,082
488,808
821,317
821,317
821,317

The opinion of the directors is that the company is entitled to the exemptions conferred by Section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge the following responsibilities:

Approved by the trustees on 20th January 2025 and signed on their behalf by

Stephen Grey Chair

11

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

1 Accounting policies

a) Statutory information

London Youth Sports Trust is a charitable company limited by guarantee and is incorporated in the United Kingdom.

The registered office address is 20 Gilkes Crescent, Dulwich, London, SE21 7BS.

b) Basis of preparation

The financial statements 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 UK and Republic of Ireland (FRS 102) - (Charities SORP FRS 102), The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy or note.

In applying the financial reporting framework, the trustees have made a number of subjective judgements, for example in respect of significant accounting estimates. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The nature of the estimation means the actual outcomes could differ from those estimates. Any significant estimates and judgements affecting these financial statements are detailed within the relevant accounting policy below.

c) Public benefit entity

The charity meets the definition of a public benefit entity under FRS 102.

The trustees do not consider that there are any sources of estimation uncertainty at the reporting date that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next reporting period.

d) Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

e) Income

Income is recognised when the charity has entitlement to the funds, any performance conditions attached to the income have been met, it is probable that the income will be received and that the amount can be measured reliably.

Income from government and other grants, whether ‘capital’ grants or ‘revenue’ grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred.

Income received in advance of the provision of a specified service is deferred until the criteria for income recognition are met.

12

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

g) Fund accounting

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is charged to the fund.

Unrestricted funds are donations and other incoming resources received or generated for the charitable purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular purposes.

h) Expenditure

Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Expenditure is classified under the following activity headings:

i) Allocation of support costs

Where information about the aims, objectives and projects of the charity is provided to potential beneficiaries, the costs associated with this publicity are allocated to charitable expenditure.

Where such information about the aims, objectives and projects of the charity is also provided to potential donors, activity costs are apportioned between fundraising and charitable activities on the basis of area of literature occupied by each activity.

 Pitch hire 80%

 Other trading activities 20%

Governance costs are the costs associated with the governance arrangements of the charity. These costs are associated with constitutional and statutory requirements and include any costs associated with the strategic management of the charity’s activities.

j) Operating leases

Rental charges are charged on a straight line basis over the term of the lease.

13

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

k) Tangible fixed assets

Items of equipment are capitalised where the purchase price exceeds £500. Depreciation costs are allocated to activities on the basis of the use of the related assets in those activities. Assets are reviewed for impairment if circumstances indicate their carrying value may exceed their net realisable value and value in use.

Where fixed assets have been revalued, any excess between the revalued amount and the historic cost of the asset will be shown as a revaluation reserve in the balance sheet.

Depreciation is provided at rates calculated to write down the cost of each asset to its estimated residual value over its expected useful life. The depreciation rates in use are as follows:

No depreciation has been charged to the leasehold improvements in the current year.

l) Debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

m) Cash at bank and in hand

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

o) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

14

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

2 Income from grants and donations

Income from grants and donations
Surrey Cricket Foundation
Surrey Cricket Foundation on behalf of Carnegie Cricket club
Sport England
Active Southwark
Football Foundation
Goldman Sachs
AKO Capital
Charities Trust
Benevity
Other donations
St Clare and St Francis
English Cricket Board
Dulwich Cricket Club
Other capital donations
Lambeth Tigers Foundation		 2024
Total
£
-
25,000
-
-
32,101
35,824
30,000
-
-
-
-
197
12,375
-
-		 2023
Total
£
360,000
25,000
10,000
190,088
117,899
70,447
10,000
2,566
25,000
5,000
10,000
11,500
-
6,037
1,759
135,497 845,296

15

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

3a Analysis of expenditure (current period)

Analysis of expenditure (current period)
Staff costs (Note 5)
Rent and site maintenance
Trading activities
Light, power and heating
Consultants
Legal and professional fees
Depreciation
Insurance
Site renovations
Other
Support costs
Governance costs
Total expenditure 2024
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-
-
-
-
-
775
775
-
-
775
122		 Charitable
activities
Pitch hire
£
43,086
57,089
-
-
-
-
-
-
1,950
-
102,125
18,888
12,489
133,502
196,774		 Other
trading
activities
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
56,703		 Governance
costs
£
-
-
-
-
2,298
5,765
-
3,476
-
950
12,489
-
(12,489)
-
-		 Support
costs
£
-
-
-
15,910
-
-
1,084
-
-
1,894
18,888
(18,888)
-
-
-		 2024
Total
£
43,086
57,089
-
15,910
2,298
5,765
1,084
3,476
1,950
3,619
134,277
-
-
134,277
253,599		 2023
£
51,124
48,228
24,364
19,076
34,601
7,720
-
3,528
29,107
35,850
253,599

16

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

3b Analysis of expenditure (previous period)

Staff costs (Note 5)
Site dilapidations
Rent and site maintenance
Trading activities
Light, power and heating
Consultants
Legal and professional fees
Depreciation
Insurance
Site renovations
Other
Support costs
Governance costs
Total expenditure 2023		 Raising
funds
£
-
-
-
-
-
-
-
-
-
-
122
122
-
-
122		 Charitable
activities
Pitch hire
£
51,124
-
48,228
-
-
-
-
-
-
29,107
-
128,459
34,759
33,555
196,774		 Other
trading
activities
£
-
-
-
24,364
15,261
-
-
-
-
-
-
39,625
8,690
8,389
56,703		 Governance
costs
£
-
-
-
-
3,815
34,601
-
-
3,528
-
-
41,944
-
(41,944)
-		 Support
costs
2023
Total
£
£
-
51,124
-
-
-
48,228
-
24,364
-
19,076
-
34,601
7,720
7,720
-
-
-
3,528
-
29,107
35,728
35,850
43,448
253,599
(43,448)
-
-
253,599

17

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

4 Net income / (expenditure) for the year

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2024 2023
£ £
Depreciation 1,083 -
Operating lease rentals payable:
Property 14,000 14,000
Independent Examiner's Fee (excluding VAT):
Independent Examination 3,500 2,000
Other services 2,150 2,000

5 Analysis of staff costs, trustee remuneration and expenses, and the cost of key management personnel

Staff costs were as follows:

Salaries and wages
Employer’s contribution to defined contribution pension schemes
Staff training		 2024
£
43,086
442
190		 2023
£
48,864
2,188
72
43,718 51,124

No employee earned more than £60,000 during the year.

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel was nil.

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year. No charity trustee received payment for professional or other services supplied to the charity.

No trustee expenses were incurred or paid in the year.

6 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 1.

7 Related party transactions

During the period the charity received donations to the value of £30,000 (2023: £10,000) from the charity Lambeth Tigers Foundation. Lambeth Tigers Foundation has two common trustees with London Youth Sports Trust.

It also received £nil (2023: £10,000) from St Clare and St Francis Trust, which has trustees related to a trustee.

8 Taxation

The charity is exempt from corporation tax as all its income is charitable and is applied for charitable purposes.

18

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

9 Tangible fixed assets

Tangible fixed assets
At the end of the period
At the start of the period
Charge for the period
At the start of the period
Additions in period
Depreciation
At the end of the period
Net book value
At the end of the period
Cost
At the start of the period		 Longhold lease
and leasehold
improvements
£
299,487
336,875		 Plant and
machinery
£
19,741
249		 Equipment
£
14,089
1,786		 Total
£
333,316
338,910
636,362 19,990 15,875 672,226
-
1,083		 654
-		 153
-		 807
1,083
1,083 654 153 1,890
635,279 19,336 15,722 670,337
299,487 19,087 13,936 332,509

All of the above assets are used for charitable purposes.

10 Debtors

Debtors
Prepayments
Amounts due from associated undertakings
Other debtors
Trade creditors
Taxation and social security
Other creditors
Creditors: amounts falling due within one year
Trade debtors
Rent deposit
Provision for site dilapidations		 2024
£
15,950
7,000
3,598
16,872
591		 2023
£
4,019
7,000
3,290
-
15,087
44,011 29,395
2024
£
17,239
932
3,834
-		 2023
£
6,106
-
-
114,441
22,005 120,547

11 Creditors: amounts falling due within one year

19

London Youth Sports Trust

Notes to the financial statements

For the year ended 30 April 2024

12a Movements in funds (current period)

Movements in funds (current period)
General funds
General funds
Total funds
Total unrestricted funds
Total funds
Total unrestricted funds
Movements in funds (prior year)		 At 1 May
2023
£
821,317		 Income &
gains
£
302,042		 Expenditure &
losses
£
(134,277)		 Transfers
£
-		 At 30 April
2024
£
989,082
821,317 302,042 (134,277) - 989,082
821,317 302,042 (134,277) - 989,082
At 1 May
2022
£
101,634		 Income &
gains
£
973,282		 Expenditure &
losses
£
(253,599)		 Transfers
£
-		 At 30 April
2023
£
821,317
101,634 973,282 (253,599) - 821,317
101,634 973,282 (253,599) - 821,317

12b Movements in funds (prior year)

13 Operating lease commitments payable

Amounts payable under non-cancellable operating leases are as follows for each of the following periods

Less than one year
One to five years
Over five years		 Property
2024
£
14,000
98,000
672,000		 Property
2023
£
14,000
98,000
686,000
784,000 798,000

14 Legal status of the charity

The charity is a company limited by guarantee and has no share capital.

15 Subsidiary undertaking

The charitable company owns the whole of the issued ordinary share capital of London Youth Sports Ground Limited, a company registered in England (company number: 12922269). The subsidiary is used for non-primary purpose trading activities, namely sales through the bar and kitchen and venue hire.

20