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||Page|
|---|---|
|Legalandadministrativeinformation||
|Reportofthetrustees|3|
|Statementoftrustees'responsibilities|19|
|Independentauditor'sreport|20-22|
|Consolidatedstatementoffinancialactivities|23|
|Balancesheets|24|
|Statementsofcashflows|25-26|
|Accountingpolicies|27-29|
|Notesto thefinancialstatements|30-45|





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06/12/2021 



## **Youth Sport Trust** CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT) for the year ended 31 March 2021 

|<br>AND EXENDITURE ACCOUNT)<br>fr theyear ended 31 March 2021||||
|---|---|---|---|
|_Notes_<br>INCOME FROM:<br>Donations and legacies<br>2<br>Charitable activities<br>3<br>Other charity trading activities<br>4<br>Investments<br>5<br>Other trading activities<br>6<br>TOTAL<br>EXPENDITURE ON:<br>Raising fnds<br>Charitable activities<br>7<br>Other trading activities<br>6<br>TOTAL<br>8<br>NET ICOME/(EXPENDITURE)<br>Transfrs between fnds<br>15<br>Net movement in fnds<br>Fund balances at 1 April 2020<br>Fund balances at 31 March 2021|Unrestricted<br>Designated<br>fnds<br>fnds<br>£<br>£<br>209,899<br>752,534<br>714,870<br>34,358<br>152,508<br>1,864,169<br>200<br>1,039,192<br>167,712<br>100,054<br>1,139,446<br>167,712<br>724,723<br>(167,712)<br>330,858<br>(330,858)<br>1,055,581<br>(498,570)<br>4,405,018<br>1,258,453<br>5,460,599<br>759,883|Restricted<br>fnds<br>£<br>268,962<br>7,377,184<br>7,646,146<br>240,051<br>6,277,465<br>6,517,516<br>1,128,630<br>1,128,630<br>2,708,069<br>3,836,699||
|||||
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The Statement of Financial Activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. 

_Page 23_ 



||||Group||Charity|
|---|---|---|---|---|---|
||_Notes _|||||
|||2021|2020|2021|2020|
|||£|£|£|<br>£|
|FIXEDASSETS||||||
|Tangible assets|lla|70,583|74,830|70,583|<br>74,830|
|Intangibleassets|llb|||||
|||70,583|74,830|70,583|<br>74,830|
|CURRENTASSETS||||||
|Stock||5,934|12,392|||
|Debtors|12|376,227|1,202,429|403,020|<br>1,193,659|
|Shorttermdeposits||9,753,904|7,420,089|9,753,904|<br>7,420,089|
|Cashatbankand inhand||809,632|849,764|541,003|<br>544,845|
|||10,945,697|9,484,674|10,697,927|<br>9,158,593|
|CREDITORS:Amountsfallingdue||||||
|withinoneyear|13|(959,099)|<br>(1,187,964)|(929,728)|(1,090,175)|
|NETCURRENTASSETS||9,986,598|8,296,710|9,768,199|<br>8,068,418|
|TOTALASSETSLESSCURRENT||||||
|LIABILITIES||10,057,181|8,371,540|9,838,782|<br>8,143,248|
|INCOMEFUNDS||||||
|Restricted funds|14|3,836,699|2,708,069|3,836,699|<br>2,708,069|
|Unrestricted funds||5,460,599|4,405,018|5,242,200|<br>4,176,726|
|Designated funds|15|759,883|1,258,453|759,883|<br>1,258,453|
|TOTALFUNDS||10,057,181|8,371,540|9,838,782|<br>8,143,248|





|||**2021 **|**2020 **|
|---|---|---|---|
|||£|£|
|**Cash flows fromoperating activities: **||||
|Netcashprovidedby/(usedin)operatingactivities||2,283,823|285,750|
|**Cash flows frominvesting activities: **||||
|Interestfrominvestments||34,358|51,829|
|Purchaseofproperty,plantandequipment||(24,498)|(40,171)|
|**Netcash provided by investing activities **||**9,860 **|**11,658 **|
|Changeincashandcashequivalentsinthereporting period||2,293,683|297,408|
|Cashandcashequivalentsatthebeginningofthereporting||8,269,853|7,972,445|
|period||||
|**Cash and cash equivalents at the end of the reporting**||**10,563,536 **|**8,269,853 **|
|**period **||||
|**Reconciliation of net expenditure to net cash flow from **||||
|**operating activities **||||
|NetIncome/(expenditure)forthe reportingperiod||1,685,641|364,298|
|**Adjustments for: **||||
|Depreciationchargesandamortisation||28,745|33,184|
|Interestfrominvestments||(34,358)|(51,829)|
|Decrease/(increase)indebtors||826,202|87,667|
|(Decrease)/increaseincreditors||(228,865)|(164,239)|
|Decrease/(Increase)instocks||6,458|16,669|
|Intangiblestransferredonacquisitionofsubsidiary||||
|**Net cash provided by/(used in) operating activities **||**2,283,823 **|**285,750**|
|**Analysis of changes in cash and cash equivalents **|**2020 **|**Cash flows **|**2021 **|
||£|£|£|
|Cashatbank|849,764|(40,132)|809,632|
|Shortterm deposits|7,420,089|2,333,815|9,753,904|
|**Total cash andcash equivalents **|**8,269,853 **|**2,293,683**|**10,563,536 **|





|||**2021 **|**2020 **|
|---|---|---|---|
|||£|£|
|**Cash flows from operating activities: **||||
|Netcashprovidedby/(usedin)operatingactivities||2,320,237|285,808|
|**Cash flows frominvesting activities: **||||
|Interestfrominvestments||34,234|51,173|
|Purchaseofproperty,plantandequipment||(24,498)|(40,171)|
|**Net cash provided by investing activities **||**9,736 **|**11,002 **|
|Changeincashandcashequivalentsinthereporting period||2,329,973|296,810|
|Cashandcashequivalentsatthebeginningofthereporting||7,964,934|7,668,124|
|period||||
|**Cash and cash equivalents at the end of the reporting **||**10,294,907 **|**7,964,934**|
|**period **||||
|**Reconciliation of netexpenditure to net cash flow from **||||
|**operating activities **||||
|Netincome/(expenditure)forthereportingperiod||1,695,534|313,766|
|**Adjustments for: **||||
|Depreciationcharges||28,745|33,184|
|Interestfrominvestments||(34,234)|(51,173)|
|Decrease/(increase)in debtors||790,639|176,863|
|(Decrease)/increaseincreditors||(160,447)|(186,832)|
|**Net cash provided by/(used **in)**operating activities **||**2,320,237 **|**285,808**|
|**Analysis of changes incash and cash equivalents **|**2020 **|**Cash flows **|**2021 **|
||£|£|£|
|Cashatbank|544,845|(3,842)|541,003|
|Shorttermdeposits|7,420,089|2,333,815|9,753,904|
|**Total cash and cash equivalents **|**7,964,934 **|**2,329,973 **|**10,294,907**|





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||Unrestricted|Designated|Restricted|TotalFunds|
|---|---|---|---|---|
||2020|2020|2020|2020|
||£|£|£|£|
|INCOMEFROM:|||||
|Donationsandlegacies|169,633|||169,633|
|Charitableactivities|||10,164,582|10,164,582|
|Othercharitytradingactivities|884,385|||884,385|
|Investments|51,829|||51,829|
|Othertradingactivities|307,633|||307,633|
|TOTAL|1,413,480||10,164,582|11,578,062|
|EXPENDITUREON:|||||
|Raising funds|10,255|24,360|304,758|339,373|
|Charitableactivities|1,261,058|139,550|9,228,336|10,628,994|
|Othertradingactivities|245,447|||245,447|
|TOTAL|1,516,760|163,910|9,533,094|11,213,764|
|NETEXPENDITURE/INCOME|(103,280)|(163,910)|631,488|364,298|
|Transfersbetween funds|(36,849)|36,849|||
|Netmovementin funds|(140,129)|(127,061)|631,488|364,298|
|Fundsbroughtforward|4,545,147|1,385,514|2,076,581|8,007,242|
|Fundscarriedforward|4,405,018|1,258,453|2,708,069|8,371,540|





|2|DONATIONSANDLEGACIES|Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||2021|2021|2021|2020|
|||£|£|£|£|
||Donationsreceived fromVillage|||||
||Gyms||||67,708|
||DigitalDisadvantage||227,400|227,400||
||John Armitage|70,000||70,000|50,000|
||Sky|75,175||75,175||
||Othergrantsanddonations|64,724|41,562|106,286|51,925|
|||209,899|268,962|478,861|169,633|
|3|CHARITABLEACTIVITIES|Unrestricted|Restricted|Total|Total|
|||2021|2021|2021|2020|
|||£|£|£|£|
||MinistryofHousing,Communities&|||||
||LocalGovernment||247,079|247,079||
||DepartmentofEducation||300,000|300,000|294,534|
||PeoplesHealthTrust||173,529|173,529|299,820|
||DCMS||||162,002|
||SportEngland||3,855,907|3,855,907|5,319,065|
||HomeCountrySportsCouncils&|||||
||Partnerships||198,922|198,922|242,477|
||FootballAssociation||1,688,563|1,688,563|1,781,851|
||Spiritof2012||177,547|177,547|488,683|
||TheBritishCyclingFederation||6,654|6,654|62,535|
||BupaFoundation||80,000|80,000||
||ActivityAlliance||81,375|81,375|64,333|
||Co-opFoundation||31,695|31,695||
||GreaterManchesterHealth&Social|||||
||CarePartnership||||347,262|
||LawnTennisAssociation||49,995|49,995|87,150|
||WalesFA||23,436|23,436|35,152|
||NHSWestLancashire||||90,000|
||Lidl||(80,322)|(80,322)|216,415|
||Nike||11,902|11,902|189,794|
||FuturesForSomersetLimited||18,550|18,550|62,897|
||SuffolkCountyCouncil||115,324|115,324||
||YSTI&SirJohnBeckwith||||99,700|
||WimbledonFoundation||149,969|149,969|29,198|
||HMRCCoronavirusJobRetention|||||
||Scheme|752,534||752,534||
||Othercharitableactivities||247,059|247,059|291,714|
|||752,534|7,377,184|8,129,718|10,164,582|





|4|OTHERCHARITYTRADINGACTIVITIES|OTHERCHARITYTRADINGACTIVITIES||2021|2020|
|---|---|---|---|---|---|
|||||£|£|
||Conferences/Membership& other|||714,870|884,385|
|5|INVESTMENTINCOME|||2021|2020|
|||||£|£|
||Bankinterest-YST|||34,234|51,173|
||Bankinterest<br>Subsidiary|||124|656|
|||||34,358|51,829|
|6|OTHERTRADINGACTIVITIES|||2021|2020|
|||||£|£|
||YouthSportTrustEnterprises|||||
||Income:|||||
||Netsalesfromtradingactivities|||152,508|307,633|
||Expenditure:|||||
||Netexpenditureontrading|||100,054|245,447|
||activities|||||
|7|EXPENDITURE|||||
||Charitable activities:|||||
|||Direct|Support|Total|Total|
|||costs|costs|2021|2020|
||**Activity**|£|£|£|£|
||TransformingPE|235,739|378,706|614,445|470,050|
||RemovingBarriers|1,735,465|2,787,964|4,523,429|5,881,853|
||UnlockingPotential|299,071|480,448|779,519|1,483,506|
||EmpoweringActivism|481,789|773,977|1,255,766|2,305,602|
||StrengtheningFoundations|118,250|189,965|308,215|469,536|
||ChampioningResearch&Insight|1,149|1,846|2,995|18,397|
||Totalexpenditure|2,871,463|4,612,906|7,484,369|10,628,944|





## 

|7|EXPENDITURE(continued)|||
|---|---|---|---|
|||2021|2020|
||Supportcostsconsistof:|£|£|
||-Salariesandassociated oncosts|4,271,165|4,519,199|
||-Staff<br>recruitment,trainingand|||
||Welfare|27,746|100,434|
||-Travelandsubsistence|773|254,285|
||-OfficeandITcosts|182,063|215,552|
||-Rent,rates&servicecharge|109,953|125,560|
||-Insurance|20,052|18,372|
||-Depreciation|28,745|33,184|
||-Governancecosts|96,909|106,904|
||-Costsattributabletothe tradingsubsidiary|(124,500)|(229,319)|
|||4,612,906|5,144,171|
|8|TOTALEXPENDITURE|2021|2020|
|||£|£|
||Totalexpenditureincludes:|||
||Auditor'sremuneration:|||
||-Audit|32,235|28,447|
||-Other|2,474|2,293|
||Operatingleaserentals-landandbuildings|39,835|39,835|
||Operatingleaserentals-other|3,123|3,783|
||Depreciation<br>ownedassets|28,745|33,184|





|10|EMPLOYEES|2021|2020|
|---|---|---|---|
|||No|No|
||The averagemonthlynumberofemployeesduringtheyearwas:|||
||Programmedelivery:|||
||Directdelivery|63|69|
||Programmesupport|15|16|
||Managementandadministration|34|34|
|||112|119|
||Theaveragenumberoffull-timeequivalentemployeesduringthe|2021|2020|
||yearwas:|No|No|
||Programmedelivery:|||
||Directdelivery|60|66|
||Programmesupport|15|16|
||Managementandadministration|30|30|
|||105|112|
||EMPLOYMENTCOSTS|2021|2020|
|||£|£|
||Wagesandsalaries|3,852,459|3,978,112|
||Socialsecuritycosts|357,383|386,456|
||Otherpensioncosts|175,032|185,113|
||Apprenticeshiplevy|18,271|19,561|
|||4,403,145|4,569,242|
||Redundancycosts|7,653||
|||4,410,798|4,569,242|





|10|EMPLOYEES(continued)|||
|---|---|---|---|
|||2021|2020|
|||No|No|
||Thenumberofemployeeswhoseannualemolumentswere£60,001|||
||ormorewere:|||
||£60,001-£70,000|5|3|
||£70,001-£80,000||1|
||£80,001-£90,000|1|1|
||£120,001-£130,000|1|1|



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|||_Fixtures,_||
|---|---|---|---|
|||_fittings _||
||_Computer _|_and _||
||_equipment _|_equipment _|_Total _|
||£|£|£|
|Cost||||
|At1April2020|397,317|243,199|640,516|
|Additions|24,498||24,498|
|Disposals||||
|At31March2021|421,815|243,199|665,014|
|Depreciation||||
|At1April2020|352,918|212,768|565,686|
|Chargedintheyear|22,066|6,679|28,745|
|Disposals||||
|At31March2021|374,984|219,447|594,431|
|Netbookvalue||||
|At31March2021|46,831|23,752|70,583|
|At31March2020|44,399|30,431|74,830|





||_Website _|
|---|---|
||£|
|Cost||
|At1April2020|38,286|
|Additions||
|Disposals|(38,286)|
|At31March2021||
|Amortisation||
|At1April2020|38,286|
|Chargedintheyear||
|Disposals|(38,286)|
|At31March2021||
|Netbookvalue||
|At31March2021||
|At31March2020||





|12|DEBTORS||Group||Charity|
|---|---|---|---|---|---|
|||2021|2020|2021|<br>2020|
|||£|<br>£|£|<br>£|
||Tradedebtors|211,965|<br>1,071,181|202,924|<br>1,055,746|
||Prepaymentsandaccruedincome|163,814|<br>131,011|162,614|<br>131,011|
||VATrepayment|448|<br>237|||
||Amountsowed bygroup undertakings|||37,482|<br>6,902|
|||376,227|<br>1,202,429|403,020|<br>1,193,659|
|13|CREDITORS:amountsfallingdue||Group||Charity|
||withinoneyear|||||
|||2021|2020|2021|<br>2020|
|||£|<br>£|£|<br>£|
||Tradecreditors|375,139|<br>563,822|356,008|<br>524,063|
||Accruals|321,031|508,841|275,781|<br>420,579|
||Othertaxandsocialsecurity|262,929|<br>115,301|262,929|<br>115,301|
||Amountsowedtogroup undertakings|||35,010|<br>30,232|
|||959,099|<br>1,187,964|929,728|<br>1,090,175|





## 

|||Movement|inFunds||
|---|---|---|---|---|
||Balance|||Balance|
||1April2020|Income|Expenditure|31March|
|||||2021|
||£|£|£|£|
|**Charitable Activities **|||||
|SchoolGames|268,676|2,018,777|(1,952,265)|335,188|
|FAActivePlay/GirlsFootball|||||
|Partnership|1,050,970|1,686,563|(1,192,091)|1,545,442|
|SchoolSport/Education&|||||
|Delivery|201,828|1,608,051|(1,354,754)|455,125|
|Inclusion2020|2,188|300,000|(295,070)|7,118|
|UnifiedAction||247,079|(247,079)||
|DigitalDisadvantage||227,400|(97,895)|129,505|
|TeacherTraining|116,551|200,000|(128,030)|188,521|
|Sport&LeisureRecovery|||||
|Package||198,922|(128,061)|70,861|
|Connecting CommunitiesThrough|||||
|CricketBreakingBoundaries|1,998|177,547|(170,119)|9,426|
|Connecting CommunitiestoLocal|||||
|People|49,222|173,529|(222,751)||
|SetForSuccess|24,991|149,969|(58,034)|116,926|
|SuffolkHoliday||101,009|(101,009)||
|Integrated Communities|48,981|29,079||78,060|
|FundamentalMovementSkills|98,735|11,902|(67,904)|42,733|
|Go Ride Go/ReadySetRide|14,580|6,654|(17,044)|4,190|
|MentallyHealthySchools|143,788||(99,369)|44,419|
|SeriousSupport|58,617||(915)|57,702|
|Active HealthyMinds|50,195||(30,555)|19,640|
|Empowering Girls|26,338||(13,342)|12,996|
|ThisGirlCan|6,362||(4,862)|1,500|
|Otherindividualprogrammes<|||||
|£100kIncome|544,049|509,665|(336,367)|717,347|
|**Grand Total **|**2,708,069**|**7,646,146 **|**(6,517,516) **|**3,836,699 **|



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|||Balance at|Utilised/||Balanceat|
|---|---|---|---|---|---|
||1|April2020|realised|Transfer|31March|
||||||2021|
|||£|£|£|£|
|Operational Priorities||58,210|(33,419)|144,190|168,981|
|InvestmentPlan||1,200,243|(134,293)|(475,048)|590,902|
|||1,258,453|(167,712)|(330,858)|759,883|



## 

## 



|16|ANALYSISOFNET ASSETSBETWEEN|Unrestricted/|Restricted|Total|
|---|---|---|---|---|
||FUNDS(GROUP)|Designated|funds||
|||Funds|||
|||£|£|£|
||Fundbalancesat31March2021are||||
||representedby:||||
||Tangiblefixedassets|70,583||70,583|
||Currentassets|7,108,998|3,836,699|10,945,697|
||Creditors:amountsfallingduewithinoneyear|(959,099)||(959,099)|
|||6,220,482|3,836,699|10,057,181|
||ANALYSISOFNET ASSETSBETWEEN|Unrestricted/|Restricted|Total|
||FUNDS(GROUP)|Designated|funds||
|||Funds|||
|||£|£|£|
||Fundbalancesat31March2020are||||
||representedby:||||
||Tangiblefixedassets|74,830||74,830|
||Currentassets|6,776,605|2,708,069|9,484,674|
||Creditors:amountsfallingduewithinoneyear|(1,187,964)||(1,187,964)|
|||5,663,471|2,708,069|8,371,540|
||ANALYSISOFNET ASSETSBETWEEN|Unrestricted/|Restricted|Total|
||FUNDS(CHARITY)|Designated|funds||
|||Funds|||
|||£|£|£|
||Fund balancesat31March2021are||||
||represented by:||||
||Tangiblefixedassets|70,583||70,583|
||Currentassets|6,861,228|3,836,699|10,697,927|
||Creditors:amountsfallingduewithinoneyear|(929,728)||(929,728)|
|||6,002,083|3,836,699|9,838,782|
||ANALYSISOFNETASSETSBETWEEN|Unrestricted/|Restricted|Total|
||FUNDS(CHARITY)|Designated|funds||
|||Funds|||
|||£|£|£|
||Fund balancesat31March2020are||||
||representedby:||||
||Tangiblefixedassets|74,830||74,830|
||Currentassets|6,450,524|2,708,069|9,158,593|
||Creditors:amountsfallingduewithinoneyear|(1,090,175)||(1,090,175)|
|||5,435,179|2,708,069|8,143,248|





## 

|Groupandcharity|Landand buildings|Landand buildings|Other||
|---|---|---|---|---|
||2021|2020|2021|2020|
||`£`|`£`|£|£|
|Amountsdue:|||||
|Withinoneyear|33,759|33,759||2,404|
|Betweentwoandfiveyears|135,034|135,034|||
|In overfiveyears|565,455|599,213|||
||734,248|768,006||2,404|



## 

|||YSTi||YSTE||
|---|---|---|---|---|---|
||2021||2020|2021|2020|
||£||£|£|£|
|Saleofgoodsin year|17,126||21,159|125,020|253,753|
|Grants and donationsreceivedfrom||||||
|relatedparties|||49,850|||
|Purchaseofgoodsinyear|7,266||7,351|262,956|380,147|
|Amountsduefromrelatedparties|18,719||28,960|37,482|6,902|
|Amountsduetorelated parties|5,766|||35,010|30,232|



##