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2022-12-31-accounts

London Warriors American Football Club

(A company limited by guarantee)

Trustee Annual Report and Financial Statements For the Year Ended 31 December 2022

Charity number: 1196276 Company number: 12896492

London Warriors American Football Club

(A company limited by guarantee)

Report and Financial Statements For the Year Ended 31 December 2022

Contents

Contents
Legal and Administrative Information Page 2
Who are the London Warriors? Page 3
Report of the Trustees Pages 4 to 10
Statement of Financial Activities Page 11
Balance Sheet Page 12
Notes forming part of the financial statements Pages 13 to 19
Page 20

Legal and Administrative Information

Charity Name: London Warriors American Football Club (also known as London Warriors, London Warriors AFC, LWAFC)

Charity registration number: 1196276

Company registration number: 12896492

Date of incorporation: 22 September 2020

Start of financial year: 01 January 2022

End of financial year: 31 December 2022

Registered Office address: 124 City Road, London, EC1V 2NX

Trustees (as at 31 December 2022)

Marvin Allen Glen Fendley (Vice Chairman) Vernon Kay (Chairman) Kevin LoPrimo Stephen Moon

Company Secretary (as at 31 December 2022)

Kieron Smith

Chief Executive (as at 31 December 2022)

Marvin Allen

Accountants and Independent Examiners: Castle View Accounting Ltd

New Barn, Mudberry Lane, Bosham, Chichester, West Sussex PO18 8TS

Primary Bankers: Metro Bank PLC

Unit 1 2 Centrale Shopping Centre, Croydon CR0 1TY

Legal Counsel: Mr James Cherry

Who are the London Warriors?

For 18 years the London Warriors have been at the forefront of developing the great game of American football. We were established in 2005 when several London-based junior teams were unable to run. Coaches Tony Allen and Gerry Anderson, two of the most respected coaches in British football, who at the time worked for the NFL, agreed to work with the young people from those teams, allowing them to continue to play football, keep them off the streets, and offer a different focus and an alternative family to the gangs that many were at risk of being drawn into, or had previously been a part of.

The programme has grown into seven teams (both contact and non-contact flag football), with over 300 young men, women, and children from the age of seven participating in year-round physical activity each year. 15 national championships have been won since 2005, but these are not what we are most proud of.

Historically we have always been dependent upon support from our club members. Even under these constraints, our track record of supporting young people in the local community is second to none:

Over 3,700 young people have been involved with us over the years.

Over 18 members have played professionally (two have played in the NFL) and we were the first club in the world to have an international player sign direct with an NFL team (Efe Obada with the Dallas Cowboys).

Over 50 players, coaches and staff have represented Great Britain.

14 youth players have been selected to the NFL Academy.

20 players have gone on to continue their education and play in the US at high schools and colleges (including division 1 NCAA colleges).

We are equally as proud of the thousands of young people that we have engaged with whose journeys have been affected positively in other areas of their lives and social involvement: progressing to university or securing employment with our support. We strive to help our members be the best they can be, able to make even more of a positive contribution to society in whatever they go on to.

We have considerable experience developing good players and good people with our approach to youth development through sport. Our coaching staff is one of the best in Europe, with NFL, college and high school experience. Development and progression are key, with over 70 members completing their Level 1 coaching qualifications, and some going on to work with NFL teams, NFL UK and the NFL Academy. Many more have progressed on to coaching roles in other community teams, university teams and Team GB.

Best of all, the inclusivity and diversity within our family is the foundation of everything we do , allowing people of all nationalities, religions and backgrounds to come together and learn to work together.

Report of the Trustees

As Chief Executive, and on behalf of the Trustees, I would like to say a personal thank you to every member of our organisation our players and parents, our volunteers and our supporters without which we would not be able to continue our journey.

In our second year, we have continued to work to secure our future, enabled further growth of the programme and further consolidated our aim of being an amateur club striving for professional standards. We have also continued to widen access to our great sport, ensuring no one is excluded, which has enabled us to impact even more young people.

As we grow it will be important to both remember and consistently re-emphasise our core values. This Trustee Report outlines our values, current status and our plans for the future. Thank you again to everyone.

Marvin Allen, Chief Executive and Trustee (on behalf of the Trustee Board)

Club operations

Our new operational development plan is taking shape and will ensure that we continue to consolidate and push the development of the club. We have moved some membership processes online and are also working to introduce new finance and accounting software next year to streamline all areas of our finance management.

We started work on our new website, which we hope to launch next year. As well being a marketing tool and linking to our social media channels, it will give us the ability to raise funds from a new online shop and be able to take donations and membership payments online.

We competed our first set of accounts and annual reports, and gained HMRC recognition as a charity which also means we can now accept gift aid. We applied for membership to Charity Digital Exchange, which has given us access to many discounts available exclusively to charities. This has included access to a free Google Workspace, which is now in place for the organisation. Our budgets for the upcoming 2023 season were also finalised.

Safeguarding

Ensuring the safety and wellbeing of everyone involved is paramount, so safeguarding is one of our main priorities. Our safeguarding policy and safer recruitment policy are in place and due to be reviewed. All existing staff have been DBS checked across the programme. Safeguarding training has also started to be rolled out to volunteers, with a view to ensure that all staff working with our Youth Teams have completed at least a Level 2 safeguarding qualification by next season.

Staffing and recruitment

Key to our success are the people that make up the Warrior family, and in particular our staff. During the period January 2022 through to December 2022, we had 52 volunteers working with us across the programme, with an estimated 11,430 volunteer hours provided.

Additional volunteer support staff have been recruited, and a new Head Coach for the U19 Contact Team has been appointed from outside of the programme. We continue to develop a recruitment strategy as part of our wider operations plan to continue developing the capacity and capability of the new charity.

Fundraising

Historically we have been dependent upon support from our players, with membership fees making up most of our income. Part of the driver for becoming a charity was to reduce the reliance on player fees by being able to source more of our income from grants, donations and sponsorship, enabling us to widen access to the sport by reducing fees and impact even more young people.

As part of our fundraising strategy, we have worked to engage with corporates. This period has seen support from LTG Wealth Management US of £6,500 from a flag football fundraising event we held with them, and a £1,300 donation from our Trustee, Vernon Kay, who appeared on a celebrity quiz show. We also earned £50 from Amazon Smile and a £4 donation from Motion in Sport.

We have also been working to identify suitable grant funding opportunities, with several applications put in recently, which we hope to see the benefits from soon.

We continue to use our executive summary to approach new corporate partners and sponsors, alongside our promotional video , created with the support of Science in Sport , which shows the impact that the London Warriors has had on our young people.

Our m senior team

The Senior Team returned in January for pre-season training after a strong off-season recruiting. After last to COVID, the 2022 season saw the league structure change back to its pre-pandemic structure, with a North and South division both competing for the BritBowl national title.

The regular season consisted of 10 games, five at home and five away. It kicked off with a solid 44-3 win over the Solent Thrashers in early April. We won all regular season games, with a total of 384 points scored against opponents, and 49 points scored against us. Our 10-0 regular season saw us

go top of the Premier South and advance into the playoffs against the Tamworth Phoenix. A hard-fought game ended with a 28-20 win for the London Warriors, with the team advancing to the National Finals to defend the national title against the Manchester Titans. Unfortunately, a strong performance from the Titans saw them win their first national title 37-7.

Eight of the team were selected to play for GB in October against Italy, and 12 selected to play in the GB exhibition game in June. Two players were invited to the NFL International Combine, and four players invited to the CFL International Combine. Two former players were also inducted to BAFA Hall of Fame, making a total of five London Warriors now represented.

senior team

Our w

The season kicked off with our home tournament played at the University of Greenwich. The first game was won by reigning champions the Birmingham Lions, 39-14, followed by a 47-6 win against the Hertfordshire Cheetahs. A second home tournament saw a dominant performance against Kent Exiles with a 67-0 win, with the second game against Wembley Stallions forfeited with the women coming away with a 1-0 walkover. The next tournament was away at Wembley, with a win in the first game against the Wembley Stallions 64-7, followed by a narrow loss to Birmingham 29-27. Our final

tournament away at Kent Exiles closed out the regular season 49-12 victory over Kent Exiles, and a 21-0 win over Hertfordshire Cheetahs.

With a 6-2 record for the regular season, the team moved went into the playoffs confident. They faced the Leeds Chargers in the semi-final, winning convincingly 56-20 to advance into the final against the Birmingham Lions, which the team won 33-

forward to competing in the new 9-a-

Eight of the team also were picked to .

, who went on to win the Silver medal was also led by a former London Warriors Coach as Head Coach, and our Head of Medical in support.

Our youth teams

The London Warriors youth section consists of five teams: two contact teams and three non-contact flag teams, with young players from seven years upwards.

Our Youth Teams returned to practice after the offseason in March, which was later than we hoped for due to building work taking place at our facilities. This unfortunately gave us very little time to prepare for the season and combined with a change in Head Coaches for our U19 and U16 contact teams meant we decided not to compete in the league structures for that year. This meant we could focus on recruiting and developing our players, many of whom have never

played the sport before. Despite not competing in the league structure, we retained almost all players and had a good recruitment drive for new players. This time allowed our new Head Coaches ample time to build their teams and develop their players before competing in the league structure in the 2023 season.

We also had one player selected for the U19 GB Team and another player selected to play for the U17 GB Team, both playing in international games. We also had a number of other players invited to train with the team.

Our future plans and priorities going into 2023

Structure, governance and management

The London Warriors American Football Club is both a charity and a company limited by guarantee and not having share capital, as defined by the Companies Act 2006, established under a Memorandum and Articles of Association and incorporated on 22 September 2020, and amended by Certificate of Incorporation on Change of name dated 19[th] October 2020. Charity and company law determine how we operate and define the roles of our trustees and our executive staff.

As a charity, we seek to benefit the public through the pursuit of our objectives and aims, as set out in the Articles of Association. The charitable aims of the London Warriors American Football Club are:

  1. The promotion of community participation in healthy recreation by providing facilities for playing American football, in particular by the provision of organised American football training, fitness and teamwork sessions and games and tuition for the benefit of the inhabitants of the United Kingdom and overseas (facilities means land, buildings, equipment and organising sporting activities);

  2. To provide and assist in providing facilities for sport, recreation or other leisure time occupation of such persons who have need for such facilities by reason of their youth, age, infirmity or disablement, poverty or social and economic circumstances or for the public at large in the interests of social welfare and with the object of improving their conditions of life; and

  3. To advance the education of children and young people through such means as the Directors think fit in accordance with the law of charity.

It is the opinion of the Trustees that, in exercising our powers, we have complied with our duty to have regard to the guidance on public benefit published by the Charity Commission when exercising powers or duties to which the guidance is relevant.

Recruitment and induction of Trustees

Trustees are selected in accordance with the Articles of Association. Trustees of the charity and directors of the company are appointed by, and drawn from the official company Members. Our current Trustees were already familiar with the work that we do and have in some way been associated with us, in various capacities previously. In determining the composition of the Trustee Board, we consider the skills and experience needed to achieve a balanced representation of sports, education, the professions, business and public service.

While the club has not taken on any new Trustees during the period, when we do, we will advertise externally for new trustees, in line with best practice guidelines issued by the Charity Commission and other governance experts. Candidates will be assessed against the existing Trustee role description and person specification and a shortlist drawn up for interview by the Board of Trustees. The London Warriors American Football Club will work actively on the recruitment of new trustees to ensure appropriate succession planning exists within the Board.

An induction programme for new Trustees is also being developed so when we do need to recruit new Trustees, we will have an induction already in place. We plan to provide new Trustees a Trustee pack of key documents and policies. They will also be invited to attend a series of short meetings ahead of their first Trustee meeting to familiarise themselves with the charity, introduce its key personnel and provide the required context in which it operates to be able to take an active role from the beginning.

Financial review

main sources of income are from player membership subscriptions, donations and sponsorship. This income is shown in the Statement of Financial Activities on page 11.

During the financial period ending 31 December 2022 the charity:

Statement of Trustees' responsibilities

Charity and 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 charity as at the end of the financial year and of the surplus or deficit of the charity. Under those laws the Trustees have elected to prepare the financial statements in accordance with the provisions applicable to companies subject to the small companies' regime.

The Trustees (who are also Directors of London Warriors American Football Club for the purposes of company law) are in accordance with applicable law and regulations. The responsibility of the independent examiner in relation to the Trustees' Annual Report is limited to examining the report and ensuring that on the face of the report, there are no inconsistencies with the figures disclosed in the financial statements.

In preparing these financial statements, the Trustees are required to:

The Directors are also responsible for maintaining adequate accounting records which disclose with reasonable accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companies Act 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Declaration

The Trustees declare that they app , and approve the attached statement of financial activities and balance sheet for the year ended 31 December 2022, and confirm that they have made available all information necessary for its preparation.

Signed on behalf of Trustees:

Marvin Allen

Kieron Smith

Trustee and Chief Executive

Company Secretary

Date:

Date:

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2022

(Incorporating Income & Expenditure Account)

Notes
INCOMING RESOURCES
Income Resources from Generated Funds
Donations & Legacies
3a
Investment Income
3b
Charitable Activities
3c
Other Incoming Resources
3d
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED
Cost of Generating Funds
Cost of Charitable Activities
4a
Governance Costs
4b
TOTAL RESOURCES USED
NET INCOMING/(OUTGOING) RESOURCES
Balance Brought Forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
TOTAL
2022
£
TOTAL
2021/20
£
7,854
-
-
7,854
5,568
-
-
-
-
-
22,352
-
-
22,352
20,175
2,441
-
-
2,441
-
32,647
-
-
32,647
25,743
27,342
-
-
27,342
11,167
1,250
-
-
1,250
1,998
28,592
-
-
28,592
13,165
4,055
-
-
4,055
12,578
12,578
-
-
12,578
-
16,633
-
-
16,633
12,578

Movements on all reserves and all recognised gains and losses are shown above. All of the charity's operations are classed as continuing.

The notes on pages 13 to 19 form part of these financial statements.

BALANCE SHEET AS AT 31ST DECEMBER 2022

Notes
Fixed Assets
Tangible Assets
2
Current Assets
Debtors & Prepayments
7
Cash at Bank and in Hand
8
Total Current Assets
Creditors:Amounts falling due within one year
9
NET CURRENT ASSETS
TOTAL ASSETSless current liabilities
Creditors: Amounts falling due in more than one year
10
NET ASSETS
Funds of the Charity
General Funds
Designated Funds
6
Restricted Funds
5
Total Funds		 Unrestricted
Funds
£
Restricted
Funds
£
TOTAL
31-Dec-22
£
TOTAL
31-Dec-21
£
-
-
-
-
-
-
-
-
17,433
-
17,433
13,278
17,433
-
17,433
13,278
800
-
800
700
16,633
-
16,633
12,578
16,633
-
16,633
12,578
-
-
-
-
16,633
-
16,633
12,578
16,633
-
16,633
12,578
-
-
-
-
-
-
-
-
16,633
-
16,633
12,578

Directors' Responsibilities:

The Directors are satisfied that for the year ended 31st December 2022 the charitable company was entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that no member or members have required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 20.

The Directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime and in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102).

The Directors acknowledge their responsibility for ensuring that the company keeps proper accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and if its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.

Approved by the Directors on the

Signed on their behalf by Director ..

.

Printed Name:

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES

Basis of Preparation & Assessment of Going Concern

Basis of Preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2015) - (Charities SORP - FRS102) and the Charities Act 2011.

The Charity meets the definition of a public benefit entity under FRS102. Assets and liabilities are initially recognised at historical cost unless otherwise stated in the relevant accounting policy notes.

Assessment of Going Concern

Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the

Incoming Resources

Recognition of Incoming Resources

These are included in the Statement of Financial Activities (SOFA) when:

the charity becomes entitled to the resources;

Incoming Resources with Related Expenditure

Where incoming resources have related expenditure (as with fundraising or contract income) the incoming resource and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax Reclaims on Donations and Gifts

Incoming resources from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as incoming resources when receivable.

Donated Services and Facilities

These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on these resources is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the trustees' annual report.

Investment Income

This is included in the accounts when receivable.

Investment Gains and Losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

1. ACCOUNTING POLICIES (Continued)

Expenditure and Liabilities

Liability Recognition

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.

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

These are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in control of the charity.

Support Costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capital employed, staff costs by the time spent and other costs by their usage.

Unrestricted Funds

These funds can be used for the general objectives of the charity as set out in the trustees report. The movements of the unrestricted funds are given in the Statement of Financial Activities.

Restricted Funds

These funds are where the donor has specified a purpose for the donation made. These restrictions often arise as a result of the regular appeals for special offerings.

Designated Funds

These funds are funds set aside by the trustees out of unrestricted general funds for specific purposes or projects.

Taxation

The charity is exempt from tax on its charitable activities.

Legal Status of the Charity

The charity is a company limited by guarantee and has no share capital. In the event of the charity being wound up, the liability in respect of the guarantee is limited to £1 per member of the charity.

Fixed Tangible Assets

Tangible fixed assets for use by the charity, these are capitalised if they can be used for more than one year, and cost at least £1,500. They are valued at cost or, if gifted, at the value to the charity on receipt.

Investments

Investments quoted on a recognised stock exchange are valued at market value at the year end. Other investment assets are included at trustees' best estimate of market value.

Depreciation Expense

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance basis over their estimated useful lives. The rates applied per annum are as follows:

Fixtures and Fittings 25% Reducing Balance Basis

2. TANGIBLE FIXED ASSETS

The Charity held no fixed assets during this or the previous financial period.

The annual commitments under non-cancelling operating leases and capital commitments are as follows: 31st December 2022: None 31st December 2021: None

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

3. INCOMING RESOURCES

Notes
a) Donations & Legacies
Gifts & Donations
b) Investment Income
Interest
c) Charitable Activities
Membership Fees
Practice Fees
d) Other Incoming Resources
Refunds
Sundry Income		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
TOTAL
2022
£
TOTAL
2021/20
£
7,854
-
-
7,854
5,568
7,854
-
-
7,854
5,568
-
-
-
-
-
-
-
-
-
-
22,029
-
-
22,029
19,903
323
-
-
323
272
22,352
-
-
22,352
20,175
1,737
-
-
1,737
-
704
-
-
704
-
2,441
-
-
2,441
-

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

4. RESOURCES EXPENDED

Notes
a) Costs of Charitable Activities
Equipment Costs
Laundry Costs
League Fees
License & Subscriptions
Medic & Physiotherapy Costs
Referees Fees
Sundry Expenses
Travel & Subsistence
Venue Hire
b) Governance Costs
Independent Examiners Fee
9
Legal & Professional Fees		 Unrestricted
Funds
£
Designated
Funds
£
Restricted
Funds
£
TOTAL
2022
£
TOTAL
2021/20
£
796
-
-
796
493
302
-
-
302
-
645
-
-
645
475
300
-
-
300
169
3,070
-
-
3,070
1,063
1,975
-
-
1,975
300
1,250
-
-
1,250
600
4,764
-
-
4,764
-
14,240
-
-
14,240
8,067
27,342
-
-
27,342
11,167
800
-
-
800
700
450
-
-
450
1,298
1,250
-
-
1,250
1,998

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

5. RESTRICTED FUNDS

The Charity held no restricted funds during this or the previous financial period.

6. DESIGNATED FUNDS

The Charity held no designated funds during this or the previous financial period.

7. DEBTORS AND PREPAYMENTS

Sundry Debtors Unrestricted
Funds
£
Restricted
Funds
£
TOTAL
31-Dec-22
£
TOTAL
31-Dec-21
£
-
-
-
-
-
-
-
-

8. CASH AT BANK AND IN HAND

Unrestricted Unrestricted Restricted TOTAL TOTAL
Funds Funds 31-Dec-22 31-Dec-21
£ £ £ £
Cash at Bank and in Hand 17,433 -
17,433		 13,278
17,433 -
17,433		 13,278
9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Unrestricted Restricted TOTAL TOTAL
Funds Funds 31-Dec-22 31-Dec-21
£ £ £ £
Independent Examiners Fee 800 -
800		 700
800 -
800		 700

10. CREDITORS: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR

The Charity held no long term liabilities during this or the previous financial period.

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

11. NET ASSETS BETWEEN FUNDS

Fixed Asset Investments
Net Current Assets
Long Term Liabilities		 Unrestricted
Funds
£
Restricted
Funds
£
TOTAL
31-Dec-22
£
TOTAL
31-Dec-21
£
-
-
-
-
16,633
-
16,633
16,633
-
-
-
-
16,633
-
16,633
16,633

12. RECONCILIATION OF MOVEMENT ON CAPITAL AND RESERVES

The Company is Limited by Guarantee and is a Charity registered with the Charity Commission number 1196276 and is not therefore subject to Corporation Tax and does not have a Share capital.

Profit / Deficit for the financial year
Other Recognised Gains
Balances Brought Forward
Closing Funds at 31st December 2022		 TOTAL
2022
£
4,055
-
4,055
12,578
16,633		 TOTAL
2021/20
£
12,578
-
12,578
-
12,578

NOTES TO THE FINANCIAL STATEMENTS (Continued) FOR THE YEAR ENDED 31ST DECEMBER 2022

13. STAFF COSTS AND NUMBERS

The Charity employed no members of staff during this or the previous financial period.

14. PAYMENTS TO DIRECTORS AND RELATED PARTIES

No payments were made to Directors or any persons connected with them during this financial year. No material transaction took place between the charity and a Director or any person connected with them.

15. RISK ASSESSMENT

The Directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The Directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

16. RESERVES POLICY

The Directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The Directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. The directors will endeavour not to set aside funds unnecessarily.

17. PUBLIC BENEFIT

The Charity acknowledges its requirement to dem the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

INDEPENDFNT FXAMINER'S REPORT ON THE AccouKrs Rgp()rt tn thp triistpesl members of th@ Londt)rt Warriors American Football Uub oft th¢ •¢¢ounts for the year ended 31st Oecernber 2022 Set out on pages 11 to 19. Aespeetl¥e reJponsibiliti¢J oltrustees and emamlner The Charity'5 trustees Iwho are also ii)t dir￿1￿15 vf ihe iLunpatry fur the pyrpD5e5 of company lawl are re5ponsltsle Yor the preparation of the financial 5tolcrnents. The trnstees are satisfied thjt the oudit requirement of Section 14411) of the Charities Art 2011 (the Actl does not appfy. and that there is no fequiremÈnt in the governing docurnent or constitution of the Charity for the conducting of an audit. A5 3 consequènco. the trustees havè elerted that the rtnanclal statemenis be sublect 10 Independeni exarnination. HoviTh8 ￿tIsfied mysew that the charity is not subject to audil. afKI 15 eliKiblE fur independent examlnatlon, It 15 rny r¢spgnsibility to.. al examine the accounts under section 145 of theArt= bl to follow the procedures l•id don in the General DIre(tith￿ ¥r¥¥ii tiy ltr￿ Chdrity Comrni55ion undEr 5ectk)n 1451Sllbl of th• A¢t,' and.. cl to state whether partkular mallers have come to Mvatte￿￿n. Basls ol Independent examlner's slatement l eondurtèd rny •xamination in a￿ardIn¢ with th• G•ngral Oirertions si¥en by the Charity Commi55iongrs for Enslané & Wales in relation to the conductin¢ of an indppènd•nt pyaminatinn. rpfprrpd to ahtsve An indopendent exalnination Includes a review of ine a£countinR Te¢or¢Js kept by the Lharity and ot the accounting SV5terns employeé by the Charity and cornparison of the fin•ncial siaiemeiils pre&eilL￿1 willi t1￿5¥ rvcord5. It also Includes conslderallon ol any unusual Iiems or di￿¢1￿￿ur¢s in the financlol 5toiements. •nd seekin8 explanjtlons Irom you as trvst¢es ¢once¥nin8 such rnatters. The purpose of the exmin¥tion i# to •stablish as far as possibl• thit th•r• have been no breathes of the Charit1¢5 lesi4lation ond thot the tinancial statements complv with the SORP. on a it5t ba￿¥ ol evidpnr.p rplpvant t4) lh• xmfbiintt dlsrlts%itThis In the nanciai sialemenrs. The pro¢edures undertaken do not provide all the ewdence that would be requlred In an audSt, and Informatlofi 8iJppli•d t)v Ihe trustees In the course of The exarnlnatlon15 not sutyletted io audit tesTS or en4uines, and Consequently I do ng1 expres5 an •udit opinion on the view 8iven by the financial slai¢ments. ond in witiculdi, l expr¥55 no opinlon as to whether the financial staternents give a true and fair w¢w of th¢ affairs of the charity, •nd my report ts limittd to the rnntters Set out in thp %tatpmpnt bpl¢)w I planned and pprfnrnpd my pxAmiThatSnn $0 As to satisfy myself that the objective5 of th• ind•pond•nt oxarnination ar• achieved and betore IinalisinR the report l ODtain written assurances tfom thetrustees ol all material matters. Ind•p•nd•nt •xarnln•r's stat•rnent In the ¢ourse of mv ex•mination. no matter has come to my attention: which 8ives me reasonable t•usÈ to believe Ihot in, any matersèl resK¢ the trustees requifements.. . to kg•p 3ccountin8 r•cgrds in ¥¢¢¥rdan¢e wilh sertion 386 of th¢ companie￿ A¢t 21N%', tn prpp2rp arrniirtt< whirh JrrArd with th• accountin8 r•eord¢. tomply with th• Jccountin8 r•quir•m•nt6 of 6QCtion 306 of the Lompanies Act 2(L)b and with the methc4Js and principles of the Statemènt of recomrnended Practice., Accounting and Reportin8 by Chaiitle5. havp nr>r hppn rnpt,- or tty which, in my opinion. attention should be drawn in wder to enable a proper utwJvrstandin8 the I￿g￿ntS to be reached. K. Lollaku MJi41 Castle View knountlng Ltd New Barn Mudbvrry Lane Bosham Chichester West Su55ex P018 8TS Date.. 13th September 2023