LOVES SPORT COMMUNITY INTEREST COMPANY

Company limited by guarantee

Company Registration Number:
13377171 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2023

Period of accounts

Start date: 1 June 2022

End date: 31 May 2023

LOVES SPORT COMMUNITY INTEREST COMPANY

Contents of the Financial Statements

for the Period Ended 31 May 2023

Profit and loss
Balance sheet
Additional notes
Community Interest Report

LOVES SPORT COMMUNITY INTEREST COMPANY

Profit And Loss Account

for the Period Ended 31 May 2023

2023 13 months to 31 May 2022


£

£
Turnover: 1,254 7,710
Cost of sales: ( 865 ) ( 6,038 )
Gross profit(or loss): 389 1,672
Administrative expenses: ( 389 ) ( 1,672 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

LOVES SPORT COMMUNITY INTEREST COMPANY

Balance sheet

As at 31 May 2023

Notes 2023 13 months to 31 May 2022


£

£
Current assets
Cash at bank and in hand: 462 1,715
Total current assets: 462 1,715
Net current assets (liabilities): 462 1,715
Total assets less current liabilities: 462 1,715
Accruals and deferred income: ( 462 ) ( 1,715 )
Total net assets (liabilities): 0 0
Members' funds
Profit and loss account: 0 0
Total members' funds: 0 0

The notes form part of these financial statements

LOVES SPORT COMMUNITY INTEREST COMPANY

Balance sheet statements

For the year ending 31 May 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

This report was approved by the board of directors on 29 November 2023
and signed on behalf of the board by:

Name: James Heffernan
Status: Director

The notes form part of these financial statements

LOVES SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

LOVES SPORT COMMUNITY INTEREST COMPANY

Notes to the Financial Statements

for the Period Ended 31 May 2023

  • 2. Employees

    2023 13 months to 31 May 2022
    Average number of employees during the period 0 2

COMMUNITY INTEREST ANNUAL REPORT

LOVES SPORT COMMUNITY INTEREST COMPANY

Company Number: 13377171 (England and Wales)

Year Ending: 31 May 2023

Company activities and impact

Loves Sport was created to provide an inclusive, welcoming environment for children/young people to engage in grassroots sport as a participant or coach, with a focus on those coming from financially disadvantaged homes. The company offers a series of programmes for young people including weekly training sessions, summer activity camps and training pathway programmes. The activities they partake in increase engagement in a multi-ethnic environment, increase the number of opportunities for physical exercise, unlock and identify talent, increase physical and emotional well-being, and offer professional training and direct career pathways.

Consultation with stakeholders

The company's stakeholders are education leaders and young people. Through consultation we identified the following:- Advice about progressing in sports as regular participant players or coaches. More regular, organised sporting activities (i.e. not just for holiday periods). Opportunities to connect and develop friendship with peers across multi-ethnic groups. Career Guidance

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
29 November 2023

And signed on behalf of the board by:
Name: James Heffernan
Status: Director