## **UNAUDITED REPORT AND FINANCIAL STATEMENTS**
## **31 December 2024**
## **SMSC In the Community**
**Registered Charity Number: 1206409**
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## **INDEX TO FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2024** Pages LEGAL AND ADMINISTRATIVE INFORMATION 3 REPORT OF THE TRUSTEES 4 & 5 REPORT OF THE INDEPENDENT EXAMINER 6 STATEMENT OF FINANCIAL ACTIVITIES 7 BALANCE SHEET 8 NOTES TO THE FINANCIAL STATEMENTS 9 - 11
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**Legal and administrative information**
Directors: During the year At 31 December 2024 Sean McInnes ✔ Alison Reid ✔ Paul Eakins ✔ James McInnes ✔ Registered Office: 3 Priory Close Sutton SM3 8LU Charity Number: 1206409 Bankers: Lloyds Bank Plc Charlton Road Andover, Hants. SP10 1RE Independent Examiner: Ejiogu Henry Anaele FCCA 27 Waverley Avenue Surbiton KT5 9HD
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## **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **REPORT OF THE TRUSTEES**
The Trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) in preparing the annual report and financial statements of the charity.
## **STRUCTURE, GOVERNANCE & MANAGEMENT**
## **Constitution**
SMSC IN THE COMMUNITY is registered as a CIO with the Charity Commission. The objects, powers, board, and membership details are contained within the governing document.
## **Objects**
SMSC IN THE COMMUNITY's objects as set out in its governing document are:
- To provide facilities for recreation and sport in the interest of social welfare.
- For young people aged between 11 – 16 in the LondonBorough of Merton and surrounding areas of southest London and Surrey who have need of such facilities by reason of their youth or age with a view to improving the condition of life of such persons.
## **Public Benefit**
We have set out in this report, the main activities undertaken by the charity in order to carry out the charity’s aims for the public benefit as outlined by SMSC IN THE COMMUNITYs’ objects set out in its governing document. In doing so, we have had due regard to the public benefit guidance published by the charity commission.
## **Management**
The Charity is governed by its trustees. They are responsible for the objectives and strategy of the charity and are in control of its management and administration.
## **ACHIEVEMENTS & PERFORMANCE**
## **Overview**
SMSC In the Community was formed in January 2024 with the aim to provide free to access sport for all young people within Merton and surrounding areas. We aim to use sport to enhance the physical and mental wellbeing of young people who for various circumstances, do not have regular access to sporting provision. Our main aims include: • Increasing physical activity for young people
- Providing coaching support for young people to improve in an under delivered sport
- Increasing mental wellbeing of young people
- Providing a safe environment for young people to spend time
- Promoting and developing self-worth and confidence of young people
- Encouraging young people to participate in social engagement
- Breaking down geographical postcode barriers in which young people can mix
- Providing a pathway into competitive sport
- Providing a pathway into education and work experience
- Providing mentoring support for vulnerable young people
Our primary ethos focuses on providing local young people with regular sport that they would otherwise not be able to access. Young people affected by poverty, violence, anti-social behaviour and other difficult circumstances are targeted, included and supported by our network.
## **Trustees:**
During 2024, James Short resigned as a trustee. Paul Eakins was appointed during November as a new trustee. The current trustees of SMSC In the Community are:
Alison Reid Sean McInnes James McInnes Paul Eakins
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## **Funding:**
SMSC In the Community secured £32,000 of funding this financial year from four separate funders across five identified projects. Additionally, £1,130 of private donations was received. Funding relates to multiple sports and projects across our community reach. We have a further £41,975 committed for projects in 2025/26.
## **Activity:**
Throughout 2024, SMSC In the Community has delivered three main projects. All projects have run from March and remain ongoing with funding secured to run into 2025.
- St Mark’s Basketball – a weekly 2-hour basketball & mentoring session for 14–18-year-olds
- Raynes Park High School Basketball – a weekly 1-hour basketball session for 12 – 18-year-olds
- Friday Night Football – a weekly 1-hour football session for 7 – 14-year-olds
Attendance has grown at a steady rate with c.20 young people each week attending each basketball session and c.30 young people attending football. Throughout the year we have engaged with over 100 young people, 20+ local schools and multiple community action groups.
## **2025 Plans:**
Following a successful GoLondon funding application, the focus of 2025 will be to launch our Girls Basketball Programme whilst continuing the existing projects. Girls Basketball will launch on January 16th and run for 2 full years.
We will continue to build our platform within the local community and during 2025 we will provide two primary schools a term with a free Introduction to Basketball extra-curricular club. Take up has been very positive with the first two terms of the year booked. Existing projects will continue.
We will continue to identify relevant funding pools and make applications to ensure that existing projects can continue. Additionally, we will seek to run community fundraising events.
**Summary:**
SMSC In the Community has made a fantastic start to the pledge of providing regular free to access sport to young people in the Merton area. The trustees and volunteers have strived
to provide regular, high quality sporting provision in a safe and fun environment. Looking ahead, we are aware of the challenges of growth and funding requirements, but we look ahead with excitement and a certainty that we are well placed to grow this platform and support even more young people and families within our community.
## **Financial Review**
The total income for the year was £32,130 (2023: £nil) while the total expenditure was £14,079 (2023: £nil.) This resulted in a surplus of £18,051. This was the Charity’s first year and hence no comparative figures for prior year 2023.
## **Unrestricted Funds**
The Trustees’ policy is to aim to build up uncommitted reserves to a level equivalent to 3 - 6 months current running costs. This is to safeguard and underwrite the charity’s continuing activities and meet its contractual obligations in the event of a reduction or cut in income. At the year-end, the total funds were £18,051 (2023: £nil). £1,430 of the total funds are unrestricted while £16,621 are restricted.
## **Trustees’ responsibilities in relation to the financial statements**
The trustees of SMSC IN THE COMMUNITY are responsible for preparing and maintaining proper accounting records and safeguarding the assets of the charity in accordance with applicable law
## **Approval**
This report was approved by the Trustees on ………………………………… and signed on its behalf by:
Signature
Name
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## **REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF SMSC IN THE COMMUNITY FOR THE YEAR ENDED 31 DECEMBER 2024**
I report on the accounts of SMSC IN THE COMMUNITY for the year ended 31 December 2024 set out on pages 7 to 11.
## **Respective responsibilities of trustees and examiner**
The charity's trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011(‘’ the Act’’). You considered that the audit requirement of section 144(2) of the Charities Act 2011 does not apply and that an independent examination is needed.
Having satisfied myself that the charity is not subject to audit under and is eligible for independent examination, it is my responsibility to:
- examine the accounts under section 145 of the Act
- to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Act; and
- to state whether any material matters have come to my attention
## **Basis of independent examiner's statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘'true and faire view'' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
Based on my examination, no matter has come to my attention which gives me cause to believe that in any material respect:
- the accounts have not been prepared in accordance with the accounting records.
- the accounts did not comply with the accounting requirements of the Charities Act 2011.
- I 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.
Ejiogu Henry Anaele FCCA Date: 24/01/2025 27 Waverley Avenue Surbiton KT5 9HD
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## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024**
|||**………………….. 2024………………**|**………………….. 2024………………**|**………………….. 2024………………**|**2023**|
|---|---|---|---|---|---|
||**Notes**|**Unrestricted**|**Restricted**|**Total**|**Total**|
|**Incoming resources**||**£**|**£**|**£**|**£**|
|Voluntary Income|2|1,430|30,700|32,130|-|
|Other Income||-|-|-|-|
|Total incoming resources||1,430|30,700|32,130|-|
|**Resources Expended**||||||
|Cost of generating funds||-|-|-|-|
|Charitable activities|3|-|13,729|13,729|-|
|Governance costs|4|-|350|350|-|
|Total resources expended||-|14,979|14,079|-|
|**Net incoming/outgoing**||||||
|**resources before transfers**||1,430|16,621|18,051|-|
|Gross transfers between||||||
|funds||-|-|-|-|
|Net incoming resources||||||
|before other recognised||||||
|gains/losses||1,430|16,621|18,051|-|
|Reconciliation of Funds||||||
|Total funds brought forward||-|-|-|-|
|**Total fund carried forward**||**1,430**|**16,621**|**18,051**|**-**|
All amounts relate to continuing activities.
All recognised gains and losses are included in this statement.
The notes on pages 13 to 17 form an integral part of these financial statements **.**
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## **BALANCE SHEET AS AT DECEMBER 31, 2024** CHARITY NUMBER: 1206409
|**Notes**
**Fixed assets**
Tangible assets
Current assets
Debtors
Cash - Restricted
Cash - Unrestricted
**Total current assets**
Less:
Creditors: amount falling due within one year
5
Net current assets
Total assets less current liabilities
Creditors: Amounts falling due after more
than one year
**Net assets**
6
**Funds**
Restricted
Designated funds
Unrestricted funds
**Total charity funds**|**2024**
**£**
-
-
-
16,971
1,430
18,401
350
18,051
18,051
-
**18,051**
16,621
-
1,430
**18,051**|**2023**
**£**
-
-
-
-
-
-
-
-
-
-
**-**
-
-
-
-|
|---|---|---|
The trustees declare that they have approved the financial statements for the year ended 31 December 2024.
Signed on behalf of the trustees:
Alison Reid
Date: 27.01.25
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **1. Accounting Policies**
The principal accounting policies adopted, judgements and key sources of estimating uncertainty in the preparation of the financial statements are as follows:
## **Basis of preparation**
The charity accounts have been prepared on a receipts and payments basis.
## **Going concern**
The charity is dependent upon subscriptions, membership dues and freewill donations. While these sources of income are highly likely to continue for the foreseeable future, there is a risk that some will not be received promptly. Taking all factors into consideration the trustees have concluded that the charity remains a going concern.
## **Income**
Income is recognised when the charity has entitlement, receipt is probable, and the amount can be reliably measured. Grants and donations are accounted for when received unless they are subject to performance related conditions.
## **Interest receivable**
Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the Bank.
## **Fund accounting**
Unrestricted funds are available to spend on activities that further any of the purposes of the charity. Designated funds are unrestricted funds of the charity which the trustees have decided at their discretion to set aside to use for a specific purpose. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for specific projects.
## **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 heading:
- Expenditure on charitable activities includes the costs of delivering services & other activities together with their associated support costs
## **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.
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## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024**
## **2. Voluntary Income**
|**Unrestricted**
**Funds**
**£**
**Restricted**
**Funds**
**£**
Gifts and donations
1,430
-
Grants
-
30,700
Others
-
-
Total
**1,430**
**30,700**|**Total**
**2024**
**£**
**Total**
**2023**
**£**
1,430
-
30,700
-
-
-
**32,130**
**-**|
|---|---|
## **3. Expenditure on Charitable Activities**
|**Activity**
**Undertaken**
**Directly**
**£**
**Activity**
**Support**
**Costs**
**£**
GLA Safer Spaces
6,789
119
AELTC – Friday Football
1,680
29
Clarion Fund 1 – St Marks
2,112
38
Clarion Fund 1 – RPHS
769
14
Clarion Fund 2
2,141
38
**Total**
**13,491**
**238**
**3b. Analysis of Support Costs**
Unrestricted
Funds
£
Restricted
Funds
£
Insurance
-
238
Other
-
-
**Total**
**-**
**238**|**Total**
**2024**
**£**
**Total**
**2023**
**£**
6,908
-
1,709
-
2,150
-
783
-
2,179
-
**13,729**
**-**
Total
2024
£
Total
2023
£
238
-
-
-
**238**
**-**|
|---|---|
## **4. Governance Costs**
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||Funds|Funds|2024|2023|
||£|£|£|£|
|Independent Examination|-|350|350|-|
|Others|-|-|-|-|
|**Total**|**-**|**350**|**350**|**-**|
|**5. Creditors**|||||
||2024|||2023|
||£|||£|
|Trade Creditors|-|||-|
|Taxation and Social Security|-|||-|
|Accruals|350|||-|
|Other Creditors|-|||-|
|**Total**|**350**|||**-**|
|.|||||
|**6. Analysis of Assets**|||||
|**Unrestricted**
**Restricted**
**Funds**
**Funds**
**£**
**£**
Tangible Fixed Assets
-
-
-
Current Assets
1,430
16,971
Current Liabilities
-
(350)
Long Term Liabilities
-
-
**Total Net Assets**
**1,430**
**16,621**|**Total**
**Total**
**2024**
**2023**
**£**
**£**
-
-
18,401
-
(350)
-
- -
**18,051**
**- **|
|---|---|
## **11. Corporate taxation**
The charity is exempt from tax on income and gains falling within section 478 of the Corporation Tax Act 2010 to the extent that these are applied to its charitable objects.
## **12. Post balance sheet events**
The trustees were not aware of any post balance sheet events at the date of preparation of the 2024 financial statements and accordingly there are no related provisions.
## **13. Related party transactions**
The trustees are not aware of any related party transactions during the year.
## **14. Ultimate controlling party**
The CIO and its activities are controlled by the board of trustees.
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