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2023-08-31-accounts

Company number: 3441666 Charity number: 1071766

Leyton Orient Trust

Report and financial statements For the year ended 31 August 2023

Leyton Orient Trust

Contents

For the year ended 31 August 2023

Reference and administrative information ........................................................................... 1 Trustees’ annual report ....................................................................................................... 3 Independent auditor’s report ............................................................................................. 18 Statement of financial activities (incorporating an income and expenditure account) ....... 22 Balance sheet ................................................................................................................... 23 Statement of cash flows ..................................................................................................... 24 Notes to the financial statements ...................................................................................... 25

Leyton Orient Trust

Reference and administrative information

For the year ended 31 August 2023

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: N F Gerrard Vice Chair Resigned July 2023 J C E Farmer Treasurer Cllr. R Sweden D E Griggs M Taylor L Broughan Resigned July 2023 C Curry R Edwards Resigned July 2023 T Sahota Chair B Mistry Appointed July 2023 V Wood Appointed July 2023 D Victor Appointed July 2023 Z Mirza Appointed July 2023 Cllr U Rasool Appointed July 2023 K Kaye Appointed July 2023 J Innes Appointed July 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

1

Leyton Orient Trust

Reference and administrative information

For the year ended 31 August 2023

Newcastle upon Tyne NE1 4BF 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 2023

The trustees present their report and the audited financial statements for the year ended 31 August 2023.

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 £36 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 2023

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 July 2022 the Board approved a three-year Business Plan which focuses 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.

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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.

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

Big Issue Invest Bounce Back English Skills Funding Agency Essex and Southend Sports Trust EFL Trust Ferrero London and Quadrant London Borough of Redbridge London Borough of Waltham Forest London Marathon Charitable Trust London Playing Fields Foundation Mayor of London Violent Reduction Unit Ministry of Justice NCS Trust Northeast London Foundation Trust Osmani Trust Peabody Premier League Charitable Fund Professional Football Association Sport England Street Games Substance Waltham Forest College

5

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

Leyton Orient Trust Impact Analysis

6

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 HEALTHY SCHOOLS JOYS OF MOVING RLIS This programme is taught in both classroom and playground settings with the go￿ of sparking children's enthusiasm for physical activity through a variety of enjoyable games. Over the course of six weeks. students participate in classroom sessions to learn about physical activity, it's advantages, the importance of hydration, and the benefits of a balanced and diverse diet. Additionally, they engage in six weeks of enjoyable sports activities. Engaged 27 With Different Schools 840 Engaged Pupils Organised S Events YOUTH ENGAGEMENT PREMIER LEAGUE KICKS icks Leyton Orient Trust delivers outreach programmes working with 8-18 year olds through our many different engagement streams such as sports participaiion, volunteerlng and mentorlng opportunitie5. -'¥ ￿ &11,180 Engaged Participants 34 Volunteers 37 Qualifications Achièved 511) Young Women Engaged In LMCT Female Kicks A Total Of 300 Sessions Have Been Delivered Across Kicks •,4iJrf*••d.. 21 Participants Engaged In Ovèr 10 Hours Of Mèntoring

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 YOUTH ENGAGEMENT RUST FA GIRLS EMERGING TALENT CENTRE The primary goal of the Girls. Emerging T￿ent Centre's {ETCsl is Talent Identification for female players from underrepresented communities: They to discover and nurture prospective players for the future by offering convenient, top-notch training facilities in local communities. Leyton Orient Trust and Leyton Orient Football club have developed a talent centre in Leyton Ydhich hosts many talented young girls from the surrounding are& VER MVIA i'j 50 RegTrsts￿d Participants 9 Coaches I Centre 46.9% white players 28.1% Multiple Ethnic Groups 18.896 Asian Ethnicity 6.2% Black 32 Delivered Sessions 5 Delivered Classroom Sessions YOUTH ENGAGEMENT Redbridge W•llhDm forest RUS WALTHAM FOREST I ftED8￿DGE HOLIDAY ACTMTY AMO FOOD PROGRAMMe Engaged wilh 60 young people on Free School Meals on average per week for 7 vReks. In collaboration with the London boroughs of Waltham Forest and Redbridge and the Department of Education, this programme aims to.. Prom¢)te he￿th￿r eating habits durfny school holtdays. Entourage Increased physical activlty durlny st￿)01 breaks. Provide opportunities for engaging and enr6chlng ￿tIvitIeS that foster reslllence, character developmem, and overall W￿￿being vthile enhanC1r￿ educationol achievemen Ensure participant satety and prevent soclal Isolaiioik Enhance knowledge abotrt heatth and nutrtfjon. Foster greater engagement with schools and local serwces. Additionally. our yoal 1$ to eMp¢w￿[ participating knilies to= Enhance thelr understhndlng ol and eifectl¥e budgetlw for1￿d. Connect Ihem With valLwble infomiation and support resources, such as those ￿lated to he￿th. employmenL and ertucation.

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 YOUTH ENGAGEMENT CHANCES VEST substance TRUST Chances is a specialised mentoring programme under the SOCI￿ investment bond framework, developed in partnership with Sport England, Substance. Big Issue Invest and the London Borough of Waltham Forest. Leyton Orient Trust has Y￿rked in 2 schools engaging with just under 200 young people on a weekly basis. 193 Engaged In The Mentoring Programme 83 Referrals From Statutory Agencies 31 Gained An A￿reditatIon 69 Improved Their School Attendance % Did Not Reoffend YOUTH ENGAGEMENT PL INSPIRES Ir)spires Premier League Inspires equips individuals to euttivate personal, social, employability, and life skills. This is achieved through a combination of regular in-person group sessions, mentorship workshops, and engagement in social.aetion projects. These efforts not only provide immediate assistance to participants but also assist them in charting their future paths. DopopF biEE 79 Engaged Participants 97 Sessions Delivered 7 Player Wisits 10 Engaged In Social Action

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 YOUTH ENGAGEMENT YOUTH JUSTICE SPORTS FUND Leyton Orient Trust partnered with Street Games and the Youth Justice Sports Fund to provide young people with sporting opportunities to bridge the gap in anti social behaviour that young people beeome victims of. Our team ran 2 weekly sports based sessions meeting with over 40 young people each week alongside half temi activity camps and strike day camps. We supported the young people through sports. mentoring, creative workshops and provided hot meals as an additional incentive. TP 273 Engaged Pthcipants 24 Sessions Delivered TRACK + BALL 4 Teacher Strike Se$sion$ FURTHER AND HIGHER EDUCATION COURSES RUST Leyton orient trust offers comprehensive full-time further education programmes for individuals aged 16 to 18. 73 Students Enrolled. 68 Students Achieved A Qualification In All BTEC Levels. Overall Retention Rate 98.3% Overdl Progression Rate 61%

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 rty5 HEALTH ENGAGEMENT RUST FIT O'S- ADVANTAGE Leyton Orient Twst delivers initiatives focused on community health engagement, aimed at enhancing both physical and mental vRII-being. This includes fit fans, in partnership with the EFL Trust and sport England, which is a free health programme for men and women aged 35-65 who are looking to lose weighl get fitter and lead a more active life. The Advantage Programme is a targeted early intervention youth mental health mentoring programme delivered in partnership with West Ham, Arsenal and NELFT. .4 18 Engaged Young People Engaged In The Programme 2 Female Cohorts Engaging 40 PartTrcipants TICKLE WÉIGHT Iw HEALTH ENGAGEMENT COMMUNITY HEALTH CHAMPIONS This programme focuses on improving the health and well-being for Waltham Forest residents. BECOME A COMMUNrrY . LTH 161 Totaj Sessions Delivered 34 Volunteers Engaged • 7 Volunteers Completed Walk Leader Trtiining 2 Weekly Well Being Café's 14 Partners 1,435 Residents Engaged With CHC Programme

Leyton Orlent Trust Trustees, annual report For the year ended 31 August 2023 NHS NELFT COPING FOOTBALL THROUGH RUST Coping through football is a sustainable treatment and recovery model. designed to effeetively engage and enhance the well-being of adults and young individuals grappling with mental health challenges. NH5 •&LFT iiRS The Programme Engages With 146 Adults And 47 Young People 4 Times Per Week. P￿e￿on Footbtsll•N' CLUB LIAISON RVST In partnership with Leyton Orient Foott)all Club. the PFA and EASST. the trust is given priceless access to players, the stadium. and match days. which serves as a strong incentive and source of motivation for participants involved with the trust. 1055 Hours Of Player Wisits Ovèr £5,000 Raised For 8 Local Charities 000 Free Or Di￿OUnted Tickets Distributed 1] 70 Player Visits 300 People Taken Part In Match Day Activities Omar Beckles Wins EFL Player In The Community Award

Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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 of 31st August 2023 unrestricted funds stood at £916,918 less fixed assets £18,934 leaving free reserves of £897,984. This is equivalent to approximately nine months of the projected expenditure for 2023/24. The Trust therefore consider that the level at the yearend 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.

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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 2022-2025 fundraising is targeted as an activity. 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.

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 Jamie Innes
Tejpal Sahota Linda Broughan
Collette Curry Robert Edwards
Bhumika Mistry Vincent Wood
Dave Victor Kelly Kaye
Cllr Uzma Rasool
Zabin Mirza

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.

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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.

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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 2023 was 16 (2022: 9). The trustees are members of the charity, but this entitles them only to voting rights. The trustees have no beneficial interest in the charity.

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Leyton Orient Trust

Trustees’ annual report

For the year ended 31 August 2023

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 1[st] February 2024 and signed on their behalf by

John Farmer Treasurer

Tejpal Sahota Chair

17

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 2023 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.

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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:

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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:

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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: 21 February 2024

for and on behalf of Sayer Vincent LLP, Statutory Auditor Invicta House, 110 Golden Lane, LONDON, EC1Y 0TG

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Leyton Orient Trust

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

For the year ended 31 August 2023

Restricted
£
-
157,298
-
600
75,000
-		 2023
Total
£
2,417
403,371
60,750
537,624
233,697
18,479		 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
1,023,438 232,898 1,256,336 910,457 228,500 1,138,957
195,046
38,972
529,935
140,425		 178,759
-
-
72,448		 373,805
38,972
529,935
212,873		 109,004
49,113
503,264
133,477		 165,460
-
703
77,042		 274,464
49,113
503,967
210,519
904,379 251,207 1,155,586 794,858 243,205 1,038,063
119,059 (18,309) 100,750 115,599 (14,705) 100,894
- - - (5,660) 5,660 -
119,059
797,859		 (18,309)
90,274		 100,750
888,133		 109,939
687,920		 (9,045)
99,319		 100,894
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.

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Leyton Orient Trust

Company no. 3441666

Balance sheet

As at 31 August 2023

As at 31 August 2023 As at 31 August 2023
Note
£
Fixed assets:
11
Current assets:
12
152,067
536,982
452,253
1,141,302
Liabilities:
13
(171,353)
16a
916,918
Total unrestricted funds
Cash at bank and in hand
Short term deposits
Tangible assets
Restricted income funds
Unrestricted income funds:
The funds of the charity:
Total net assets
General funds
Total charity funds
Net current assets
Debtors
Creditors: amounts falling due within one year		 2023
£
18,934		 £
165,609
512,790
362,844		 2022
£
26,833
18,934
969,949		 26,833
861,300
1,141,302
(171,353)		 1,041,243
(179,943)
916,918 797,859
988,883 888,133
71,965
916,918		 90,274
797,859
988,883 888,133

Approved by the trustees on 1 February 2024 and signed on their behalf by

Tejpal Sahota

Chair

John Farmer Treasurer

23

Leyton Orient Trust

Statement of cash flows

For the year ended 31 August 2023

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 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		 £
£
100,750
(18,479)
19,238
-
(24,192)
13,542
(8,590)
82,268
(11,338)
18,479
7,141
89,409
362,844
452,253
2023		 £
£
100,750
(18,479)
19,238
-
(24,192)
13,542
(8,590)
82,268
(11,338)
18,479
7,141
89,409
362,844
452,253
2023		 £
£
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
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
2022
82,268
7,141		 140,119
(4,535)
89,409
362,844		 135,584
227,260
452,253 362,844

Analysis of cash and cash equivalents and of net debt

alysis of cash and cash equivalents and of net debt
Cash at bank and in hand
Total cash and cash equivalents		 At 1 September
2022
£
362,844		 Cash flows
£
70,171		 Other non-
cash
changes
£
19,238		 At 31 August
2023
£
452,253
362,844 70,171 19,238 452,253

24

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

1 Accounting policies

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.

d) Going concern

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

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.

e) Income

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.

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.

g) 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.

h) Fund accounting

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:

 Costs of raising funds relate to the costs incurred by the charity in inducing third parties to make voluntary contributions to it, as well as the cost of any activities with a fundraising purpose

 Expenditure on charitable activities includes the costs of delivering services undertaken to further the purposes of the charity and their associated support costs

 Other expenditure represents those items not falling into any other heading

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

25

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

1 Accounting policies (continued)

j) Allocation of support costs

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.

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.

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:

 Office Equipment and Computers  Fixtures and Fittings  Motor Vehicles

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.

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.

p) Creditors and provisions

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

q) Financial instruments

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

r) Pensions

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

2 Income from donations and legacies

Income from donations and legacies
Gifts
Legacies
Donated Equipment		 Unrestricted
£
-
-
2,417		 £
-
-
-
Restricted		 2023
Total
£
-
-
2,417		 Unrestricted
£
-
-
-		 £
1,611
-
5,000
Restricted		 2022
Total
£
1,611
-
5,000
2,417 - 2,417 - 6,611 6,611

26

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

Income from charitable activities
Premier League Charitable Fund
EFL Trust
LB Waltham Forest
West Ham United Foundation
New Era Foundation/Bounce Back Foundation
NELFT
Substance
Bounce Back Foundation
Other
Sub-total for Community Projects
LB Waltham Forest
EFL Trust
Other
Sub-total for Sports Development
Waltham Forest College
Premier League Charitable Fund
EFL Trust
Other
Sub-total for Education & Training
Premier League Charitable Fund
EFL Trust
London Playing Fields
LB Waltham Forest
London Playing Fields
Other
Sub-total for Health Projects
Total income from charitable activities		 Unrestricted
£
-
-
25,088
-
-
45,000
91,753
42,049
42,183		 £
135,287
-
800
-
-
-
-
-
21,211
Restricted		 2023
Total
£
135,287
-
25,888
-
-
45,000
91,753
42,049
63,394		 Unrestricted
£
-
13,364
44,877
15,750
37,419
-
-
-
4,606		 £
125,000
-
-
-
-
-
-
-
33,000
Restricted		 2022
Total
£
125,000
13,364
44,877
15,750
37,419
-
-
-
37,606
246,073
36,216
-
24,534		 157,298
-
-
-		 403,371
36,216
-
24,534		 116,016
45,080
2,517
4,018		 158,000
-
-
-		 274,016
45,080
2,517
4,018
60,750
385,279
-
51,276
100,468		 -
-
-
600		 60,750
385,279
-
51,276
101,068		 51,615
373,457
-
189,821
12,518		 -
-
-
-
500		 51,615
373,457
-
189,821
13,018
537,024
-
1,340
-
122,868
22,285
12,204		 600
75,000
-
-
-
-
-		 537,624
75,000
1,340
-
122,868
22,285
12,204		 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
158,697 75,000 233,697 155,359 70,000 225,359
1,002,543 232,898 1,235,441 898,786 228,500 1,127,286
Income from investments
2023 2022
Unrestricted Restricted Total Unrestricted Restricted Total
£ £ £ £ £ £
Deposit Account Interest Received 18,479 - 18,479 5,060 - 5,060
18,479 - 18,479 5,060 - 5,060

27

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

5a Analysis of expenditure (current 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 2023
Total expenditure 2022		 Charitable activities Governance
costs
£
12,229
125
62
1,420
1016.21
2,709
2,670
157
6,171		 Support
costs
£
36,688
375
187
4,259
3,049
8,128
8,009
470
19,708		 2023
Total
£
876,647
53,442
15,236
72,917
42,340
23,650
10,679
627
60,048		 2022
Total
£
754,785
35,885
26,920
122,950
42,340
22,800
9,360
403
22,620
Community
Projects
£
313,113
21,527
2,015
2,101
1,296
-
-
-
7,640		 Sports
Development
£
24,260
3,268
-
6,526
-
-
-
-
-		 Education &
Training
£
322,808
22,541
12,058
51,027
34,880
12,812
-
-
18,886		 Health
Projects
£
167,548
5,607
914
7,585
2,099
-
-
-
7,642
347,691
19,658
6,456		 34,054
3,702
1,216		 475,012
41,345
13,578		 191,395
16,168
5,310		 26,560
-
(26,560)		 80,873
(80,873)
-		 1,155,586
-
-		 1,038,063
-
-
373,805 38,972 529,935 212,873 - - 1,155,586 889445
1,038,063
274,464 49,113 503,967 210,519 - -

28

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

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 2022		 Charitable activities Governance
costs
£
12,247
-
-
-
-
-
9,360
403
-		 Support
costs
2022
Total
£
£
28,688
754,785
777
35,885
594
26,920
-
122,950
3,472
42,340
10,491
22,800
-
9,360
-
403
22,620
22,620
66,642
1,038,063
(66,642)
-
-
-
-
1,038,063
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
-
-
-
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)
274,464 49,113 503,967 210,519 -

29

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

This is stated after charging / (crediting):

This is stated after charging / (crediting):
2023 2022
£ £
Depreciation 19,238 17,703
Loss on disposal of assets - -
Operating lease rentals payable:
Property 42,340 42,340
Auditor's remuneration (excluding VAT):
Audit 8,900 7,800

Staff costs were as follows:

Staff costs were as follows:
Employer’s contribution to defined contribution pension schemes
Social security costs
Salaries and wages		 2023
£
800,149
62,734
13,764
876,646		 2022
£
688,573
53,945
12,267
754,785

There were no redundancy or termination costs in the year (2022: redundancy costs of £Nil and other termination costs of £Nil).

No employee earned more than £60,000 during the year (2022: nil).

The total employee benefits (including pension contributions and employer's national insurance) of the key management personnel were £60,193 (2021: £58,443).

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 49.9 (2022: 43).

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

Staff are split across the activities of the charity as follows:
Sports Development
Education & Training
Community Projects
Health Projects
Governance
Support		 2023
No.
22.3
0.8
15.8
4.2
5.9
1.0
49.9		 2022
No.
14.9
2.1
12.5
10.1
3.1
0.3
43.0

30

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

9 Related party transactions

There was one related party transaction with Leyton Orient Football Club in the year for purchase of student kit for £8,998 (2022: £23,530).

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
Depreciation
Cost
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
At the start of the year
At the start of the year
Charge for the year
At the end of the year		 Fixtures and
fittings
£
8,531
-
-		 Computers &
equipment
£
64,018
11,338
-
75,356
41,918
18,139
-
60,057
15,300
22,100		 Total
£
72,549
11,338
-
8,531 83,887
3,798
1,099
-		 45,716
19,238
-
4,897 64,953
3,634 18,934
4,733 26,833

All of the above assets are used for charitable purposes.

12 Debtors

Debtors
Trade debtors
Prepayments
Accrued income		 2023
£
51,890
33,879
66,299
152,067		 2022
£
72,194
34,292
59,123
165,609

31

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

Creditors: amounts falling due within one year
Taxation and social security
Accruals
Deferred income (note 14)
Trade creditors
Other creditors		 2023
£
14,296
35,379
56,312
49,394
15,972
171,353		 2022
£
26,231
17,828
69,372
47,443
19,069
179,943

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		 2023
£
19,069
(19,069)
15,972
15,972		 2022
£
17,835
(17,835)
19,069
19,069
Analysis of net assets between funds (current year)
Tangible fixed assets
Net current assets
Tangible fixed assets
Net current assets
Net assets at 31 August 2022
Net assets at 31 August 2023
Analysis of net assets between funds (prior year)		 General
unrestricted
£
18,934
897,984		 Restricted
£
-
71,965
71,965
Restricted
£
3,369
86,905
90,274		 Total
funds
£
18,934
969,949
916,918 988,883
General
unrestricted
£
23,464
774,395		 Total
funds
£
26,833
861,300
797,859 888,133

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

32

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

Movements in funds (current year)
Restricted funds:
Total restricted funds
General funds
Total funds
Education & Training
Health
Community Projects
Unrestricted funds:
Total unrestricted funds		 At 1
September
2022
£
82,890
-
7,384		 Income &
gains
£
157,298
600
75,000		 Expenditure
& losses
£
(178,759)
-
(72,448)		 Transfers
£
-
-
-
-
-
-		 At 31 August
2023
£
61,429
600
9,936
90,274 232,898 (251,207) 71,965
797,859 1,023,439 (904,379) 916,918
797,859 1,023,438 (904,379) 916,918
888,133 1,256,336 (1,155,586) 988,883

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
Total unrestricted funds
Education & Training
Restricted funds:
Total funds
Unrestricted funds:
Health
Community Projects		 At 31 August
2021
£
90,350
203
8,766		 Income &
gains
£
158,000
500
70,000		 Expenditure
& losses
£
(165,460)
(703)
(77,042)		 Transfers
£
-
-
5,660
5,660
(5,660)
(5,660)
-		 At 30 August
2022
£
82,890
-
7,384
99,319 228,500 (243,205) 90,274
687,920 910,457 (794,858) 797,859
687,920 910,457 (794,858) 797,859
787,239 1,138,957 (1,038,063) 888,133

33

Leyton Orient Trust

Notes to the financial statements

For the year ended 31 August 2023

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.

34