**REGISTERED CHARITY NUMBER: 1200360**
## **TRUSTEES' REPORT AND**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 30TH JUNE 2024**
## **FOR**
## **LEICESTER NIRVANA FC**
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
**LEICESTER NIRVANA FC**
**CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024**
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Page
Trustees' Report 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7 to 9
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**LEICESTER NIRVANA FC**
**TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2024**
The trustees present their report with the financial statements of the charity for the year ended 30th June 2024. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Leicester Nirvana Football Club, an esteemed representative of sportsmanship, community values, and inclusive practices, presents this trustee report to encapsulate the club's profound commitments and achievements in the pursuit of a multifaceted approach to sustainable development and holistic progress in grassroots football.
## **Significant activities**
## Mission and Sustainable Goals:
Leicester Nirvana has embraced the United Nations' holistic approach to climate change and is dedicated to bridging the gap between inequalities and sustainability in grassroots football. Central to our ethos is our commitment to supporting members beyond their football aspirations, positioning the club as a beacon of diverse community engagement and family-like camaraderie. With a visionary goal to become the UK's first net zero amateur football club, Leicester Nirvana's Net Zero Strategy plan outlines comprehensive measures focusing on education, carbon reduction, sustainable energy utilization, and strong partnerships. Undeterred by financial and time constraints, the club presses forward with unwavering dedication to minimising carbon footprints and instilling an eco-conscious mindset within its practices.
## Membership on a Global Level:
Leicester Nirvana's impactful endeavours have garnered international acknowledgment, as highlighted by meaningful interactions with distinguished figures such as UN representatives and contributions to the United Nations Football for the Goals members' meetings, establishing robust ties with global organisations united in pushing sustainable development through the unifying power of football.
## Societal Engagement and Empowerment:
Beyond the football field, Leicester Nirvana exemplifies its commitment to social responsibility through initiatives aimed at empowering youth, promoting gender equality, combatting discrimination, and championing inclusivity at all levels. From offering free football opportunities for vulnerable children to spearheading coaching mentorship programs with the Youth Justice Services, the club continues to be a catalyst for positive change and personal development within the community.
## Advocacy Against Discrimination:
A steadfast advocate for inclusivity and diversity, Leicester Nirvana stands at the forefront of anti-discrimination efforts within grassroots football, exemplified by its symbolic 'NO RACISM' logo, illustrating a firm stance against intolerance and creating an environment of respect and unity for all participants.
## Cultural Celebrations and Global Collaborations:
Embracing diversity and unity, Leicester Nirvana proudly showcases its rich heritage through exhibitions such as 'Leicester Nirvana: The Pioneers', a testament to the club's transformative journey and enduring impact on the football landscape. Engaging in international dialogues and partnerships, including recent endeavours in Germany and New York, Leicester Nirvana continues to be a catalyst for knowledge exchange, sustainability advocacy, and the promotion of inclusive sporting practices on a global scale.
In conclusion, Leicester Nirvana excels not only as a football club but as a progressive force driving positive change, advocating for social justice, and uniting communities through the powerful medium of sport. As trustees, we extend our heartfelt gratitude to all stakeholders, volunteers, and members for their unwavering support and dedication to Leicester Nirvana's shared vision of a more inclusive, sustainable, and harmonious world through football.
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**LEICESTER NIRVANA FC**
**TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2024**
## **OBJECTIVES AND ACTIVITIES Public benefit**
The Trustees have given due consideration to the Charity Commission's published guidance on the Public Benefit Requirement.
## **Volunteers**
We have a small number of volunteers who assist on an ad-hoc basis.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
This trustee report is a summary of Leicester Nirvana's multifaceted initiatives and impact, encapsulating the club's commitment to sustainability, community engagement, societal empowerment, and advocacy for inclusive practices. The report highlights key achievements, partnerships, and global engagements that underscore Leicester Nirvana's position as a beacon of progress and unity within the grassroots football community.
## Key highlights include:
- A visit to Berlin, Germany to forge new and extended partnerships with German clubs on sustainability and equality.
- A visit and private tour of the United Nations Headquarters in New York.
- The collaboration with German club on the No Racism logo.
- Creating our first ever girls league football team.
- The return of our girls only (Wildcats and Squad Girls) football sessions.
## **FINANCIAL REVIEW**
## **Financial position**
Overall, the charity is in a healthy position as demonstrated by our accounts for the period in concern. This is mainly due to effective cost control, which ensures our running costs are kept to an acceptable level.
Leicester Nirvana FC has shown that it is a well run organisation with overall surplus funds. The charity had a net surplus of £2,274 (2023: £2,992).
During the year the charity raised £113,850 in income to carry out its activities. During the year £114,568 from the funds were expensed for projects.
## **Reserves policy**
We aim to utilise the funds as soon as we identify suitable programmes or scolars.
The funds the charity holds is to ensure that it has sufficient reserves to cover the costs of managing and administering the charity for the following year.
The Trustees consider it prudent that the reserves should be sufficient for the charity's use. The Trustees have approved that all unrestricted reserves will be utilised in helping the charity achieve its objectives.
## **Going concern**
Currently no concerns about the charity continuing as a going concern.
## **FUTURE PLANS**
The charity is looking at the options in which it can increase income to allow them to further enhance its objectives.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust and constitutes a charity incorporated organisation.
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**LEICESTER NIRVANA FC**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 30TH JUNE 2024**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
All trustees are involved in any selection process that takes place and a vote amongst the trustees is conducted to appoint any positions within the organisation.
## **Organisational structure**
The board of Trustees of the charity are responsible for the charity's strategic direction. The board of Trustees meet on a termly basis to discuss the activities of the charity.
The board of trustees are supported through the aid of volunteers who manage the daily running of the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1200360
## **Principal address**
Sandhill Avenue Hamilton Leicester Leicestershire LE5 1LU
## **Trustees**
Z Hajat I Liburd S Pathan U Valli M Hashim
## **Independent Examiner**
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
Approved by order of the board of trustees on 8th November 2024 and signed on its behalf by:
Shehbaz Pathan (Nov 8, 2024 11:23 GMT)
S Pathan - Trustee
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**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTER NIRVANA FC**
## **Independent examiner's report to the trustees of Leicester Nirvana FC**
I report to the charity trustees on my examination of the accounts of Leicester Nirvana FC (the Trust) for the year ended 30th June 2024.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
## **Independent examiner's statement**
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:
1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do 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.
## Shakil Malida
Shakil Malida (Nov 8, 2024 12:05 GMT)
## Shakil Malida FCCA
Watergates Ltd 109 Coleman Road Leicester LE5 4LE
8th November 2024
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**LEICESTER NIRVANA FC**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH JUNE 2024**
|**YEAR ENDED**
**30.6.24**
**Unrestricted**
**fund**
**Notes**
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**8,767**
**Charitable activities**
Football
**105,083**
**Total**
**113,850**
**EXPENDITURE ON**
**Charitable activities**
Football
**109,108**
Other
**5,460**
**Total**
**114,568**
**NET INCOME/(EXPENDITURE)**
**(718)**
**RECONCILIATION OF FUNDS**
Total funds brought forward
**2,992**
**TOTAL FUNDS CARRIED FORWARD**
**2,274**|**PERIOD**
**13.9.22**
**TO**
**30.6.23**
**Total**
**funds**
**£**
5,639
67,958
73,597
70,605
-
70,605
2,992
-
2,992|
|---|---|
The notes on page 0 form part of these financial statements
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**LEICESTER NIRVANA FC**
## **STATEMENT OF FINANCIAL POSITION 30TH JUNE 2024**
|**Notes**
**CURRENT ASSETS**
Cash at bank|**30/6/24**
**30/6/23**
**Unrestricted**
**Total**
**fund**
**funds**
**£**
**£**
**2,274**
2,992|
|---|---|
|**NET CURRENT ASSETS**|**2,274**
2,992|
|**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**|**2,274**
2,992|
|**NET ASSETS**|**2,274**
2,992|
|**FUNDS**
4
Unrestricted funds|**2,274**
2,992|
|**TOTAL FUNDS**|**2,274**
2,992|
The financial statements were approved by the Board of Trustees and authorised for issue on 8th November 2024 and were signed on its behalf by:
Shehbaz Pathan (Nov 8, 2024 11:23 GMT)
S Pathan - Trustee
Zakir Hajat (Nov 8, 2024 11:29 GMT)
Z Hajat - Trustee
## Liburd
Liburd (Nov 8, 2024 12:04 GMT)
I Liburd - Trustee
Umar Valli (Nov 8, 2024 11:31 GMT)
U Valli - Trustee
Mahomed hashim (Nov 8, 2024 12:01 GMT)
M Hashim - Trustee
The notes on page 0 form part of these financial statements
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**LEICESTER NIRVANA FC**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2024**
## **1. ACCOUNTING POLICIES**
## **BASIS OF PREPARING THE FINANCIAL STATEMENTS**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
## **INCOME**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
The value of services provided by volunteers is difficult to put a monetary value on and therefore has not been included in accordance with the Charities SORP (FRS102).
## **EXPENDITURE**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Expenditure is classified under the following activity headings:
**Charitable activities:** Costs associated with the provision of scholarship, community and networking events and alumni network as elaborated on in the Trustees’ Report. These include both direct charitable expenditure, grants payable and support costs relating to these activities. Grants payable to other organisations for relief projects are included in the SOFA when approved by the trustees and agreed with the other organisation.
**Support costs:** Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs for a single activity are allocated to the particular activity where the cost relates directly to that activity. However, Support costs that represent the support functions of management, finance, human resources, IT and support departments attributable to the management of the Charity's assets, are allocated in proportion to the type of charitable activity during the period.
## **TAXATION**
The charity is exempt from tax on its charitable activities.
## **FUND ACCOUNTING**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
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**LEICESTER NIRVANA FC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024**
## **2. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 30th June 2024 nor for the period ended 30th June 2023.
## **TRUSTEES' EXPENSES**
There were no trustees' expenses paid for the year ended 30th June 2024 nor for the period ended 30th June 2023.
## **3. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Football|**Unrestricted**
**fund**
**£**
5,639
67,958|
|---|---|
|**Total**|73,597|
|**EXPENDITURE ON**
**Charitable activities**
Football|70,605|
|**NET INCOME**|2,992|
|**TOTAL FUNDS CARRIED FORWARD**|2,992|
## **4.**
## **MOVEMENT IN FUNDS**
|**At 1.7.23**
**£**
**Unrestricted funds**
General fund
**2,992**
**TOTAL FUNDS**
**2,992**
Net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
**113,850**
**TOTAL FUNDS**
**113,850**|**Net**
**movement**
**in funds**
**£**
**(718)**
**(718)**
**Resources**
**expended**
**£**
**(114,568)**
**(114,568)**|**At**
**30.6.24**
**£**
**2,274**
**2,274**
**Movement**
**in funds**
**£**
**(718)**
**(718)**|
|---|---|---|
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**LEICESTER NIRVANA FC**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 30TH JUNE 2024**
## **4. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund|**Net**
**movement**
**in funds**
**£**
2,992|**At**
**30.6.23**
**£**
2,992|
|---|---|---|
|**TOTAL FUNDS**|2,992|2,992|
|Comparative net movement in funds, included in the above are as follows:
**Incoming**
**resources**
**£**
**Unrestricted funds**
General fund
73,597|**Resources**
**expended**
**£**
(70,605)|**Movement**
**in funds**
**£**
2,992|
|**TOTAL FUNDS**
73,597|(70,605)|2,992|
## **5. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 30th June 2024.
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