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2022-08-31-accounts

Company number: 3441666 Charity number: 1071766

Leyton Orient Trust

Report and financial statements For the year ended 31 August 2022

Leyton Orient Trust

Contents

For the year ended 31 August 2022

Reference and administrative information ...................................................................................... 1 Trustees’ annual report .................................................................................................................. 3 Independent auditor’s report ....................................................................................................... 21 Statement of financial activities (incorporating an income and expenditure account) ................... 25 Balance sheet ............................................................................................................................... 26 Statement of cash flows ................................................................................................................ 27 Notes to the financial statements ................................................................................................. 28

Leyton Orient Trust

Reference and administrative information

For the year ended 31 August 2022

Company number 3441666 Country of incorporation United Kingdom Charity number 1071766 Country of registration England & Wales Registered office and operational address SCORE 100 Oliver Road Leyton London E10 5JY

Trustees Trustees, who are also directors under company law, who served during the year and up to the date of this report were as follows:

P Argall Chair – Resigned July 2022 N F Gerrard vice Chair J C E Farmer Treasurer Cllr. R Sweden D E Griggs M Taylor L Broughan C Curry R Edwards T Sahota Chair – 25 January 2023 Key management Neil Taylor Chief Executive Personnel Bankers HSBC Bank plc 192 Hoe Street Walthamstow London E17 4QN Solicitors Muckle LLP Time Central 32 Gallowgate Newcastle upon Tyne NE1 4BF

1

Leyton Orient Trust

Reference and administrative information

For the year ended 31 August 2022

Auditor Sayer Vincent LLP Chartered Accountants and Statutory Auditor Invicta House 108-114 Golden Lane LONDON EC1Y 0TL

2

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

The trustees present their report and the audited financial statements for the year ended 31 August 2022.

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

The aim of the Charity is to benefit the inhabitants of Greater London and, in particular, benefit those inhabitants who are elderly, disabled, unemployed, girls, women, or those who are from minority ethnic groups, by providing and assisting in the provision of services and facilities for sport, recreation and learning for the said inhabitants in the interest of social welfare and education and so that their condition of life may be improved.

Leyton Orient Trust operates as a registered charity and company limited by guarantee. The Trust delivers a range of engagement and development programmes to communities based in Waltham Forest, Tower Hamlets, Hackney and Redbridge.

The vision of Leyton Orient Trust is: ‘Using the power of sport to improve life chances’

Its mission is to deliver and develop Health, Well Being, Educational Attainment and Employability programmes that are relevant, engaging and inspiring.

Since its creation in 1989 Leyton Orient Trust has invested over £32 million in North and East London touching the lives of over 110,000 people in that time.

Leyton Orient Trust aligns itself with the aims and objectives of Local, Regional and National Government; its agencies and the third and community sector where appropriate and of mutual benefit, in particular, in the London Boroughs of Hackney, Redbridge, Tower Hamlets and Waltham Forest.

As a result, Leyton Orient Trust delivers the following programmes:

Youth Engagement and Mentoring Projects such as:

3

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Social Action Programmes such as the National Citizens Service – in partnership with NCS Trust and EFL Trust.

Education, Training and Health projects such as:

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 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.

Beneficiaries of Trust services

The Beneficiaries of the services of the Trust continue to be residents of the London Boroughs of Hackney, Redbridge, Tower Hamlets and Waltham Forest and predominantly those in need or experiencing some form of deprivation. The report below demonstrates the range of work designed to engage and support the Beneficiaries:

Achievements and performance

The Trust started the financial year in a good position both from a governance perspective and operationally. In October 2020 the Board approved a two-year Business Plan which would focus on areas of improvement and growth and the structure required to deliver it. The Board has continued to measure the progress of this work – which is reflected in the impact report.

The Trust has also been working with partners on developing and being part of new programmes, which has mainly focused on jointly developing and delivering the Community Health Champions Programme with Waltham Forest Council.

4

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

The Trust would like to thank the following Funders for their continued support.

BBC Children in Need Big Issue Invest Department for Work and Pensions English Skills Funding Agency Essex and Southend Sports Trust EFL Trust Ferrero Football Foundation London Borough of Waltham Forest London Marathon Charitable Trust London Playing Fields Foundation Mayor of London Violent Reduction Unit Professional Football Association NCS Trust New Era Foundation Northeast London Foundation Trust Premier League Charitable Fund Sport England Substance University of South Wales Waltham Forest College Women in Sport

5

Leyton Orient Trust

For the year ended 31 August 2022

Trustees’ annual report

Leyton Orient Trust Impact Analysis

6

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 HEALThY SCHOOLS The Trust delivers classroom based and PE actl*Atles In Primary Schools across Waltham Foresl RedbrSdge. Hackney and Tower Hamlets through the followlng programmes: Prlmary stars 1597 wpils engaged 52 partnered 5choo15 68 tea(her5 erEa8ed 6 w￿la1 actlon 23 targeted 1nteThwtt￿IS 7 Anti discriminati workshop5 (%pPp4+Ct Engaged 15 different schools 900 engaged pupils ganised S events at 5 different schools

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 YOUTH ENGAGEMENT The Trust delivers neighbourhood based outreach programmes io 8-18 year olds through sports parilcipatlon. volunteering and mentorlng opporwniues through the follcMln8 pro8rammes= icks 1912 engaged participants A I￿al of 636 sosslDns ha¥ been delp4ered across ￿CkS 427youn8women en8a8ed Sn Lmcf Femalè Kkk 55 ¥dunt¢•rJ Sup￿￿ed "¥¥¥è icks TARGEfED KICKS 6volunieers supported 9 qualrfKations achKwed SO eryged pa￿cipan[S b@￿ten ttages of 11.25

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 Waltham Forest Hollday Waltham FoT•lt Actlvlty and Food Programme In partnershlp wlth London Borough ol Waltham and Forest and the Department of Educatlon the Prngramme supports partlclpants to: Eat more healthlty over the school holldays Be more attv4e during the school holidays Take part In engaging and enrlching activitles which support the development of resilience, Character and wellbeing along with their wider educational attainment Be safe and not to be soclally isolated Have a greater knowledge of health and nutrition Be more engaged with school and other local servlces To ensure that the famllles who partlclpate In thls programme: Develop their understanding of nutrftlon and food budgeting Are slgnposted towards other Informatlon and support. for example. health, employment and education En8a8ed ￿th 70 young people on avera8e per V￿ek for 6 weeks.

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 CHANCES PROGfiAIIME Chante£ Is a targeted mÈThtorlng Soci31 Investment Bond programme dn partnership with SpDrt Englènd. Substsnce, B Issue IrTroest an d Londorh Borough of Walt ha m Forèst 164 ènBaged in thè Mentoring Pro8rammÈ 40 referrals from Stat￿Ory agencie5 19 pined an accreilitstion 10120 irnproved their ￿thr￿1 attendance 7112 hlld not reoftend rm ¢ri dthrNr•J fr IIM CVdchir¥ c4JUfJt Holf-lim dff4 V• ' ltydchi

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 Further ano Higher Education courses The Trust dellvers full tlme Further and Hlgher Educatlon courses to 1 &21 year olds. Thls Includes: Study Programme in partnership wlth Waltham Forest College Foundation Degree In partnership with Unlversity of South Wales and EFL Trust Wolthorn For••t Coll•g• 82 students enrolled students. 69 students admeved a qualification in all BTEC leoels. O¥er41 reièntlon r•¢e Owal pro ressl*)fi rate 91% 77%

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 SOCIAL ACTION Sodal Action - The Trust dellvers social action programmes encouraging and empowering young people to learn about themselves and others and havlng a posiDve impact in the communlty. The NCS pro8ramme Èn8a8ed v**th 12 communlty groups. 7710 hours spent on deli¥erlrE soclal aC￿On ncluding Changemakers and Skill Booste￿. Engaged with 257 young people bet¥￿en autumn 2021 and summer 2022 piehv Yi.VRK NCS Skilts participants Sained from the pro8ramme 64% Gained comffrtjnication skilts 77% Gained sodal skills Gained tearnwork 5k1115

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 HEALTH ENGAGEMENT The Trust delrvers health engagemeni programmes that help the communlty Improve their physical and mental health. Projects include: 20 èngaged partklpants The group lost a toral of 282 Highest W818ht Ioss fecofded by an individual bein8 10.8k8 TACKLE You IAIEIGHT IACKLÉ Advantsge programme is a targeted early interventSon youth mental healih mentoring programme delivered in partnershlp with West Ham. Arsenal and NE 9 young people engaged in ihe programme

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 rAIMMUNIIYHEAIIH CIIAMPIONS Thls programme promotes good health and V￿11 being to Waltham Forest resldenL 8 vnekty sosslons from 31)thJ￿￿ to 2Sth Au8U5t. 2 voluntoers engaged Re81Ster￿ 6 volunteer5 In total 2 staff mèmb•rs Vo￿nt••r￿d 11 partners enlayd F2F at 5e5sions 53 resldents eng•ged with CHC per se5s￿n BECOME A HEALTH COPING THROUGH C, FOOTBALL In partnership wlrh London Playlng Fields Foundation and NELFT dellvering regular sesslons to those wantlng to Improve thelr mental health. The Trust en8a8ed with SO •dults and 30 youn8 people 4 times per V4*ek

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2022 CLUB LIAISON Worklng with Le￿on Orient Football Club- The club provides invaluable access to players. the stadlum and match days whlch acts as an Incentive and motlvatlon for Trust partlcipants. 12 Match Day Actlvations 3000 cofflmunity (ickers distritxrted Xi player visits organlsed 3 national and 7 local campaigns supported Ornar 8etkles - Leyton Orient arKI League Tr*￿ Comrnun Player of the Year

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Financial review

The Board has been focused on continuing improving the financial position of the Trust so that it can effectively weather expected and unexpected challenges. The Board has therefore developed and adopted a Business Plan which includes focusing on creating sustainable surpluses and gradually building up reserves to withstand any current and future shocks. The results achieved this year are therefore encouraging and indicate that the Trust is on the right path.

Strong systems have been put in place to understand and control expenditure and due to the work of the Finance Team clear and concise budgets are now produced which are worked through with project holders and key staff.

Risks

The Trust maintains a risk register which focus on the key risks to the Charity, mainly focused on risks to income but also wider partnership risks and challenges. These are reviewed monthly by the Finance Committee and quarterly by the Board and Quality Assurance Committee. All committees also receive programme updates to ensure that targets are being met and on course. Given the regularity of meetings the Board can respond quickly to risks and challenges. This has been seen most recently through the Trust’s response to the Pandemic and what impact this would have operationally, strategically and financially. The Board also recognise that there is increased pressure and competition for funding and that there is a higher expectation on impact. Many contracts are now payment by result and on an individual case by case basis. In response the Trust has developed stretch testing which forensically examines each funding stream – how it is performing, and the risks attached.

Reserves policy and going concern

The Trust reviews and examines the expected level of incoming resources and outgoing expenditure on a quarterly basis. Reserves need to be retained to ensure the Trust can meet its obligations in the short term. The Trust is of the opinion that the level of reserves appropriate to meet efficiently the needs of the charity should equal the average expenditure incurred over six to nine months of activities.

As at 31st August 2022 unrestricted funds stood at £797,859 less unrestricted fixed assets of £23,464 leaving free reserves of £774,395. This is equivalent to approximately 8.9 months of the projected expenditure for 2022/23. The Trust therefore consider that the level at the year-end is adequate to meet the continuing commitments in the forthcoming year.

The trustees have reviewed the current reserves position along with confirmed income for the next 12 months and consider the organisation will be able to continue operating for at least one year from when the accounts have been signed.

16

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Plans for the future

Leyton Orient Trust is a strong and successful organisation which is well equipped and ready to meet the challenges that the future may bring and are able, due to our flexibility as a charity, to reposition to respond effectively. As such the Trust has put in place for 2022-2025 a detailed and robust business plan.

Fundraising

The Trust is not currently a fundraising charity, with income deriving from local government, premier league and other grants. As indicated in the Business Plan 2020-2022 fundraising is targeted as an activity with an ad hoc Trustee working group established to oversee progress made. As part of this the Trust has registered with the fundraising regulator.

Structure, governance and management

Leyton Orient Trust is a company limited by guarantee governed by its Memorandum and Articles of Association dated 29 September 1997, as amended by Special Resolution dated 2 September 1998. The members have each undertaken to contribute no more than £1 to the charity's assets in the event of the company being wound up. It is registered as a charity with the Charity Commission.

The charity is an incorporated company limited by guarantee and is registered with the Charity Commission under the registered number 1071766 and with Companies House 3441666.

The Trust has a fully owned subsidiary Trading Arm ‘LEYTON ORIENT YOUTH DEVELOPMENT PROGRAMME LIMITED’ which is registered with Companies House - Company number 04985790.

This Company has not traded since 2008 and is therefore currently dormant. It is not subject to Consolidated Accounts.

Board of Trustees and Directors

The Directors of the charitable company (the charity) are its Trustees for the purpose of charity law and throughout this report are collectively referred to as the Trustees. Below is a list of the Trustees that served in the year under review.

Neil Gerrard John Farmer
Marshall Taylor Deborah Griggs
Cllr Richard Sweden Peter Argall
Tejpal Sahota Linda Broughan
Collette Curry Robert Edwards

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Trustees are appointed by the charity. Trustees are required to retire from office on a rotational basis and may be re-elected for a further term.

Appointment of Trustees

All new Trustees are recruited externally with a transparent application, shortlisting and interview process led by the Chair and Chief Executive. Once the process is complete the Chair and Chief Executive present their recommendations to the full Board for consideration, approval and adoption if deemed suitable and appropriate.

Induction and training of new trustees

New Trustees are informed of their legal obligations under charity and company law, the Charity Commission guidance on public benefit, and the content of the Memorandum and Articles of Association, the committee and decision-making processes, the business plan and recent financial performance of the charity. Trustees are encouraged to attend appropriate external training events where these will facilitate the undertaking of their role.

Organisational structure

The Board of Trustees administers the charity. A Chief Executive is appointed by the Trustees to manage the day-to-day operations of the charity. To facilitate effective operations, the Chief Executive has delegated authority, within terms of delegation approved by the trustees for operational matters.

The Chief Executive of the Charity reports directly to the Trustees on a quarterly basis. The Chief Executive is responsible for managing staff. The charity is funded to undertake and deliver projects from organisations based in either the statutory, voluntary or commercial sector. Annually the Trust reviews all staff positions and personnel which it reflects on and makes appropriate changes in responsibility and remuneration.

The Trust also externally reviews the appropriate pay and conditions for staff every three years through the Trust’s HR Advisor to ensure that it remains competitive and in line with the wider industry.

Related parties

None of the Trustees receive remuneration or other benefit from their work with the charity. Any connection between a Trustee and senior manager of the charity with a service provider or supplier to the charity must be disclosed to the full Board of Trustees in the same way as any other. Due to its connection with Leyton Orient Football Club the Club is deemed to be a related organisation. They jointly share one Director who sits on both Boards.

18

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Statement of responsibilities of the trustees

The trustees (who are also directors of Leyton Orient 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.

In so far as the trustees are aware:

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.

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 31 August 2022 was 10 (2021:12). The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

19

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2022

Auditor

Sayer Vincent LLP was re-appointed as the charitable company's auditor during the year and has expressed its willingness to continue in that capacity.

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 25 January 2023 and signed on their behalf by

John Farmer Treasurer

Tejpal Sahota Chair

20

Independent auditor’s report

To the members of

Leyton Orient Trust

Opinion

We have audited the financial statements of Leyton Orient Trust (the ‘charitable company’) for the year ended 31 August 2022 which comprise the statement of financial activities, balance sheet, statement of cash flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion, the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on Leyton Orient Trust's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

21

Independent auditor’s report

To the members of

Leyton Orient Trust

Other information

The other information comprises the information included in the trustees’ annual report, other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ annual report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

22

Independent auditor’s report

To the members of

Leyton Orient Trust

Responsibilities of trustees

As explained more fully in the statement of trustees’ responsibilities set out in the trustees’ annual report, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud are set out below.

Capability of the audit in detecting irregularities

In identifying and assessing risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, our procedures included the following:

23

Independent auditor’s report

To the members of

Leyton Orient Trust

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the charitable company's members as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Joanna Pittman (Senior statutory auditor)

Date: 9 February 2023

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 108-114 Golden Lane, LONDON, EC1Y 0TL

24

Leyton Orient Trust

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

For the year ended 31 August 2022

Note
Income from:
2
3
3
3
3
4
5
5
5
5
Reconciliation of funds:
Transfers between funds
Net movement in funds
Total funds brought forward
Total funds carried forward
Sports development
Total expenditure
Net income / (expenditure) for the year
6
Investments
Total income
Expenditure on:
Charitable activities
Education and Training
Health projects
Community projects
Sports development
Health projects
Education and training
Community projects
Donations and legacies
Charitable activities		 Unrestricted
£
6,611
116,016
51,615
575,796
155,359
5,060		 Restricted
£
-
158,000
-
500
70,000
-		 2022
Total
£
6,611
274,016
51,615
576,296
225,359
5,060		 Unrestricted
£
6,659
80,555
43,597
576,711
124,335
3,927		 Restricted
£
-
138,700
-
1,000
70,000
-		 2021
Total
£
6,659
219,255
43,597
577,711
194,335
3,927
910,457 228,500 1,138,957 835,784 209,700 1,045,484
109,004
49,113
503,264
133,477		 165,460
-
703
77,042		 274,464
49,113
503,967
210,519		 62,852
31,313
469,786
96,251		 148,587
-
1,251
79,405		 211,439
31,313
471,037
175,656
794,858 243,205 1,038,063 660,202 229,243 889,445
115,599 (14,705) 100,894 175,582 (19,543) 156,039
(5,660) 5,660 - (18,245) 18,245 -
109,939
687,920		 (9,045)
99,319		 100,894
787,239		 157,337
530,583		 (1,298)
100,617		 156,039
631,200
797,859 90,274 888,133 687,920 99,319 787,239

All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above. Movements in funds are disclosed in Note 16a to the financial statements.

25

Leyton Orient Trust

Balance sheet

Balance sheet Balance sheet
As at 31 August 2022 Company no. 3441666
Note
£
Fixed assets:
11
Current assets:
12
165,609
512,790
362,844
1,041,243
Liabilities:
13
(179,943)
16a
797,859
Total unrestricted funds
Net current assets
Debtors
Creditors: amounts falling due within one year
Restricted income funds
Unrestricted income funds:
The funds of the charity:
Total net assets
General funds
Total charity funds

Cash at bank and in hand
Short term deposits
Tangible assets		 2022
£
26,833		 £
176,273
509,102
227,260		 2021
£
34,941
26,833
861,300		 34,941
752,298
1,041,243
(179,943)		 912,635
(160,337)
797,859 687,920
888,133 787,239
90,274
797,859		 99,319
687,920
888,133 787,239

Approved by the trustees on 25 Janaury 2023 and signed on their behalf by

Tejpal Sahota Chair

John Farmer Treasurer

26

Leyton Orient Trust

Statement of cash flows

For the year ended 31 August 2022

Cash flows from operating activities
Net income / (expenditure) for the reporting period
(as per the statement of financial activities)
Interest received
Depreciation charges
Loss on disposal of fixed assets
Short Term Deposit Movement
(Increase)/decrease in debtors
Increase/(decrease) in creditors
Net cash provided by / (used in) operating activities
Cash at bank and in hand
Total cash and cash equivalents
Analysis of cash and cash equivalents and of net debt
Cash and cash equivalents at the end of the year
Change in cash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
Net cash provided by / (used in) investing activities
Cash flows from investing activities:
Purchase of fixed assets
Interest received		 £
£
100,894
(5,060)
17,703
-
(3,688)
10,664
19,606
140,119
(9,595)
5,060
(4,535)
135,584
227,260
362,844
At 1
September
2021
Cash flows
£
£
227,260
117,881
227,260
117,881
2022		 £
£
100,894
(5,060)
17,703
-
(3,688)
10,664
19,606
140,119
(9,595)
5,060
(4,535)
135,584
227,260
362,844
At 1
September
2021
Cash flows
£
£
227,260
117,881
227,260
117,881
2022		 £
£
156,039
(3,927)
16,890
736
(155,017)
(59,035)
48,836
4,522
(36,121)
3,927
(32,194)
(27,672)
254,932
227,260
Other non-
cash
changes
At 31
August
2022
£
£
17,703
362,844
17,703
362,844
2021		 £
£
156,039
(3,927)
16,890
736
(155,017)
(59,035)
48,836
4,522
(36,121)
3,927
(32,194)
(27,672)
254,932
227,260
Other non-
cash
changes
At 31
August
2022
£
£
17,703
362,844
17,703
362,844
2021
140,119
(4,535)		 4,522
(32,194)
At 1
September
2021
£
227,260		 Other non-
cash
changes
£
17,703
135,584
227,260		 (27,672)
254,932
362,844 227,260
Cash flows
£
117,881		 At 31
August
2022
£
362,844
227,260 117,881 17,703 362,844

27

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

a) Statutory information

Leyton Orient Trust is a charitable company limited by guarantee and is incorporated in England and Wales.

The registered office address is SCORE Building, 100 Oliver Road, Leyton, London, E10 5JY.

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

There where no services suspended due to the Covid-19 restrictions during the year. The charity has been able to continue operating throughout the pandemic and the trustees expect to be able to continue to do so in the foreseeable future.

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.

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.

For legacies, entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor’s intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is a treated as a contingent asset and disclosed if material.

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

f) Donations of gifts, services and facilities

Donated professional services and donated facilities are recognised as income when the charity has control over the item or received the service, any conditions associated with the donation have been met, the receipt of economic benefit from the use by the charity of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), volunteer time is not recognised so refer to the trustees’ annual report for more information about their contribution.

On receipt, donated gifts, professional services and donated facilities are recognised on the basis of the value of the gift to the charity which is the amount the charity would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt.

28

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

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.

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.

i) Expenditure and irrecoverable VAT

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:

Irrecoverable VAT is charged as a cost against the activity for which the expenditure was incurred.

Resources expended are allocated to the particular activity where the cost relates directly to that activity. However, the cost of overall direction and administration of each activity, comprising the salary and overhead costs of the central function, is apportioned on the following basis which are an estimate, based on staff time, of the amount attributable to each activity.

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 charitable activities on the basis of area of literature occupied by each activity.

Community projects 30%
Sports development 5%
Education and training 33%
Health projects 24%
Support costs 3%
Governance costs 5%

Support and governance costs are re-allocated to each of the activities on the following basis which is an estimate, based on income, of the amount attributable to each activity.

on income, of the amount attributable to each activity.
Community projects 24%
Sports development 5%
Education and training 51%
Health projects 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.

k) Operating leases

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

29

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

l) 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.

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:

3 years 6.6 years 4 years

m) 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.

n) Short term deposits

Short term deposits includes cash balances that are invested in accounts with a maturity date of between 3 and 12 months.

o) 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.

The Charity only offers a defined contribution pension scheme to employees. The scheme is administered by Now Pensions.

Income from donations and legacies
Gifts
Legacies
Donated Equipment		 Unrestricted
£
1,611
-
5,000		 £
-
-
-
Restricted		 2022
Total
£
1,611
-
5,000		 Unrestricted
£
1,659
-
5,000		 £
-
-
-
Restricted		 2021
Total
£
1,659
-
5,000
6,611 - 6,611 6,659 - 6,659

30

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

Income from charitable activities Income from charitable activities
Unrestricted
£
Premier League Charitable Fund
-
EFL Trust
13,364
LB Waltham Forest
44,877
HMRC CJRS
-
West Ham United Foundation
15,750
New Era Foundation/Bounce Back Founda
37,419
Other
4,606
Sub-total for Community Projects
116,016
LB Waltham Forest
45,080
EFL Trust
2,517
HMRC CJRS
-
Other
4,018
Sub-total for Sports Development
51,615
Waltham Forest College
373,457
Premier League Charitable Fund
-
EFL Trust
189,821
HMRC CJRS
-
Other
12,518
Sub-total for Education & Training
575,796
Premier League Charitable Fund
-
EFL Trust
26,511
HMRC CJRS
-
London Playing Fields
25,875
LB Waltham Forest
40,000
Other
62,973
Sub-total for Health Projects
155,359
898,786
Total income from charitable activities		 £
125,000
-
-
-
-
-
33,000
Restricted		 2022
Total
£
125,000
13,364
44,877
-
15,750
37,419
37,606		 Unrestricted
£
-
12,648
38,643
4,514
16,250
1,644
6,856		 £
124,200
-
-
-
-
-
14,500
Restricted		 2021
Total
£
124,200
12,648
38,643
4,514
16,250
1,644
21,356
116,016
45,080
2,517
-
4,018		 158,000
-
-
-
-		 274,016
45,080
2,517
-
4,018		 80,555
40,175
2,515
41
866		 138,700
-
-
-
-		 219,255
40,175
2,515
41
866
51,615
373,457
-
189,821
-
12,518		 -
-
-
-
-
500		 51,615
373,457
-
189,821
-
13,018		 43,597
413,994
-
145,804
2,341
14,572		 -
-
-
-
-
1,000		 43,597
413,994
-
145,804
2,341
15,572
575,796
-
26,511
-
25,875
40,000
62,973		 500
70,000
-
-
-
-
-		 576,296
70,000
26,511
-
25,875
40,000
62,973		 576,711
-
31,456
7,406
19,963
-
65,510		 1,000
70,000
-
-
-
-
-		 577,711
70,000
31,456
7,406
19,963
-
65,510
155,359 70,000 225,359 124,335 70,000 194,335
898,786 228,500 1,127,286 825,198 209,700 1,034,898

Grants of were received (2021: £14,302) from HMRC were received for the Job Retention Scheme.

4 Income from investments

Income from investments
Deposit Account Interest Received Unrestricted
£
5,060		 £
-
Restricted		 2022
Total
£
5,060		 Unrestricted
£
3,927		 £
-
Restricted		 2021
Total
£
3,927
5,060 - 5,060 3,927 - 3,927

31

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

5a Analysis of expenditure (current year)

Charitable activities

Charitable activities
Staff costs (Note 7)
Direct Costs - Venue Hire
Direct Costs - Clothing
Direct Costs - Other
Support Costs - Rent & Service Charges
Support Costs - Computer Expenses
Support Costs - Audit Fees
Support Costs - Legal Fees
Support Costs - Other
Support costs
Governance costs
Total expenditure 2022
Total expenditure 2021		 Community
Projects
£
217,449
10,224
2,666
20,635
1,941
-
-
-
-		 Sports
Development
£
23,053
7,455
-
14,546
-
-
-
-
-		 Education &
Training
£
296,740
16,559
22,174
75,722
35,163
12,288
-
-
-		 Health
Projects
£
176,608
870
1,486
12,047
1,764
21
-
-
-		 Governance
costs
£
12,247
-
-
-
-
-
9,360
403
-		 Support
costs
£
28,688
777
594
-
3,472
10,491
-
-
22,620		 2022
Total
£
754,785
35,885
26,920
122,950
42,340
22,800
9,360
403
22,620		 2021
Total
£
628,024
34,751
27,567
101,238
42,340
26,912
8,818
3,155
16,640
252,915
16,199
5,350		 45,054
3,051
1,008		 458,646
34,069
11,252		 192,796
13,323
4,400		 22,010
-
(22,010)		 66,642
(66,642)
-		 1,038,063
-
-		 889,445
-
-
274,464 49,113 503,967 210,519 - - 1,038,063 889445
889,445
211,439 31,313 471,037 175,656 - -

32

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

5B Analysis of expenditure (Prior year)

Staff costs (Note 7)
Direct Costs - Venue Hire
Direct Costs - Clothing
Direct Costs - Other
Support Costs - Rent & Service Charges
Support Costs - Computer Expenses
Support Costs - Audit Fees
Support Costs - Legal Fees
Support Costs - Other
Support costs
Governance costs
Total expenditure 2021		 Charitable activities Governance
costs
£
12,216
-
-
-
-
-
8,818
3,155
-		 Support
costs
2021
Total
£
£
34,718
628,024
-
34,751
-
27,567
-
101,238
3,472
42,340
12,210
26,912
-
8,818
-
3,155
16,640
16,640
67,040
889,445
(67,040)
-
-
-
-
889,445
Community
Projects
£
143,109
16,579
60
29,771
2,117
540
-
-
-		 Sports
Development
£
12,344
6,650
-
8,489
-
-
-
-
-		 Education &
Training
£
276,965
9,740
27,507
56,483
35,163
14,117
-
-
-		 Health
Projects
£
148,672
1,782
-
6,495
1,588
45
-
-
-
192,176
14,155
5,108		 27,483
2,814
1,016		 419,975
37,523
13,539		 158,582
12,548
4,526		 24,189
-
(24,189)
211,439 31,313 471,037 175,656 -

33

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2022 2021
£ £
Depreciation 17,703 16,890
Loss on disposal of assets - 736
Operating lease rentals payable:
Property 42,340 42,340
Auditor's remuneration (excluding VAT):
Audit 7,800 7,350

Staff costs were as follows:

Staff costs were as follows:
Salaries and wages
Employer’s contribution to defined contribution pension schemes
Social security costs		 2022
£
688,573
53,945
12,267		 2021
£
574,270
43,858
9,896
754,785 628,024

There were no redundancy or termination costs in the year (2021: redundancy costs of £1,614 and other termination costs of £7,688).

No employee earned more than £60,000 during the year (2021: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £58,443 (2021: £57,626).

The charity trustees were neither paid nor received any other benefits from employment with the charity in the year (2021: £nil). No charity trustee received payment for professional or other services supplied to the charity (2021: £nil).

Trustees' were not reimbursed any expenses for travel and subsistence (2021: £nil).

8 Staff numbers

The average number of employees (head count based on number of staff employed) during the year was 43 (2021: 36).

Staff are split across the activities of the charity as follows:

Staff are split across the activities of the charity as follows:
(2021: 36).
Sports Development
Education & Training
Community Projects
Health Projects
Governance
Support		 2022
No.
14.9
2.1
12.5
10.1
3.1
0.3		 2021
No.
10.8
1.8
12.1
8.6
2.7
0.3
43.0 36.3

34

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

9 Related party transactions

There was one related party transaction with Leyton Orient Football Club for purchase of student kit for £23,530 for 2022 (2021: £500).

Aggregate donations from related parties were £nil (2021: £Nil).

10 Taxation

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

11 Tangible fixed assets

Tangible fixed assets
At the start of the year
Charge for the year
At the end of the year
At the start of the year
At the start of the year
Eliminated on disposal
At the end of the year
Net book value
At the end of the year
Additions in year
Disposals in year
Cost
Depreciation		 Fixtures and
fittings
£
8,531
-
-		 Computers &
equipment
£
54,423
9,595
-		 Total
£
62,954
9,595
-
8,531 64,018 72,549
2,699
1,099
-		 25,314
16,604
-		 28,013
17,703
-
3,798 41,918 45,716
4,733 22,100 26,833
5,832 29,109 34,941

All of the above assets are used for charitable purposes.

12 Debtors

Debtors
Accrued income
Trade debtors
Prepayments		 2022
£
72,194
34,292
59,123		 2021
£
48,923
4,150
123,200
165,609 176,273

35

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

13 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
Other creditors
Taxation and social security
Accruals
Deferred income (note 15)
Trade creditors		 2022
£
26,231
17,828
69,372
47,443
19,069		 2021
£
36,759
27,462
55,105
23,176
17,835
179,943 160,337

14 Deferred income

Deferred income comprises Income received in advance for projects to be delivered in a future accounting period.

Balance at the beginning of the year
Amount released to income in the year
Amount deferred in the year
Balance at the end of the year		 2022
£
17,835
(17,835)
19,069		 2021
£
16,342
(16,342)
17,835
19,069 17,835

15a Analysis of net assets between funds (current year)

Analysis of net assets between funds (current year)
Net assets at 31 August 2021
Net assets at 31 August 2022
Analysis of net assets between funds (prior year)
Net current assets
Tangible fixed assets
Net current assets
Tangible fixed assets		 General
unrestricted
£
23,464
774,395		 Restricted
£
3,369
86,905		 Total
funds
£
26,833
861,300
797,859 90,274 888,133
General
unrestricted
£
29,842
658,078		 Restricted
£
5,099
94,220		 Total
funds
£
34,941
752,298
687,920 99,319 787,239

15b Analysis of net assets between funds (prior year)

36

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

16a Movements in funds (current year)

Movements in funds (current year)
Restricted funds:
Total restricted funds
General funds
Total unrestricted funds
Unrestricted funds:
Education & Training
Health
Sports Development
Community Projects
Total funds		 At 1
September
2021
£
90,350
-
203
8,766		 Income &
gains
£
158,000
-
500
70,000		 Expenditure
& losses
£
(165,460)
-
(703)
(77,042)		 Transfers
£
-
-
-
5,660		 At 31 August
2022
£
82,890
-
-
7,384
99,319 228,500 (243,205) 5,660 90,274
687,920 910,457 (794,858) (5,660) 797,859
687,920 910,457 (794,858) (5,660) 797,859
787,239 1,138,957 (1,038,063) - 888,133

The narrative to explain the purpose of each fund is given at the foot of the note below.

16b Movements in funds (prior year)

Total restricted funds
General funds
Unrestricted funds:
Health
Sports Development
Community Projects
Education & Training
Restricted funds:
Total funds
Total unrestricted funds		 At 31 August
2020
£
100,237
-
454
(74)		 Income &
gains
£
138,700
-
1,000
70,000		 Expenditure
& losses
£
(148,587)
-
(1,251)
(79,405)		 Transfers
£
-
-
-
18,245		 At 30 August
2021
£
90,350
-
203
8,766
100,617 209,700 (229,243) 18,245 99,319
530,583 835,784 (660,202) (18,245) 687,920
530,583 835,784 (660,202) (18,245) 687,920
631,200 1,045,484 (889,445) - 787,239

37

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2022

16 Movements in funds (continued)

Purposes of restricted funds

Community projects - projects are run to provide positive opportunities and experiences for disadvantaged people within the community. The objectives of the projects are to reduce anti-social behaviour, youth crime, enhance community cohesion, encourage good citizenship and provide volunteering and employment opportunities for young people. Funding is also provided to ensure the player pathway for female footballers is in place. Projects receiving funding include; PL Kicks and Girls & Women. Funding bodies vary from The Premier League Charitable Fund, Local Authorities, Big Lottery Fund, Football Authorities and grant giving Trusts.

Education and training - this relates to coaching programmes and services provided to schools and higher education bodies, as well as general health and education activities and initiatives. Funding bodies vary from Local Authorities, Football Authorities and grant giving Trusts.

Sports Activities - projects are run to address social inclusion and provide positive opportunities and experiences for disadvantaged and hard to engage young people. This is done through offering a range of sports based youth diversionary activities. Funding was received from Interactive UK in respect of the Inclusive project.

Health projects – this relates to funding which supports general health and education activities and initiatives. Funding was received from Schools, EFL and grant giving Trusts.

17 Operating lease commitments payable as a lessee

The charity has no lease commitments. The charity's total future minimum lease payments under non-cancellable operating leases is one month's premises rent of £3,528 which will end when the building is demolished in January 2025

18 Capital commitments

At the balance sheet date, the charity had committed to £Nil (2021: £Nil).

19 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding up is limited to £1.

38