2023-08-31-accounts

rii Annual Report and Financial Statements for the year ended 31 August 2023 Greenhouse Sports Limited greenhouse sports ComFXty Reqisirotion No. 04600790 (Erolond ond Woles) Tr￿lSte￿d Chority No. 1098744

Greenhouse Sports Limited Legal and Administrative Information Sapah Chambeps achael de Giopgio Luke Ellis Mapk Gpeatrx {Appointed Decembep 20221 Dopa Jelep (Appointed Decembep 20221 Fiona Laffan Andpew Lowenthal Nicholas Ppempeh James Reynolds Michael Shepwood Alexandpa Willis CEO Béatpice Butsana-sita (until 27 Octobep 20231 Donald Bappell Ifpom 26 Febpuapy 2024} Con4)any Secpet8py Simon Faiphall Chaplty 1098744 Cory￿Y nurrtjep 04600790 Regi8teped of 35 Cosway Street London NWI 5NS Haysmacintyr LLP 10 Oueen Stpeet Place London. EC4R IAG Santandep Coppopate Banking 2nd Floop Santandep House 100 Ludgate Hill London. EC4M 7RE L8gd Advknp8 Veale Wasbpough Vizapds 86 Fettep Lane London. EC4A IAD

Greenhouse Sports Limited Contents Annual Report for the year ended 31 August 2023 Page A messagefpom oup Chaip Tpustees. repopt 5-21 Statement of Trsustees, responsibilities 22 Independent auditop's report 23-25 Statement of financial activities 26-27 Balance sheet 28 Statement of cash flows 29 Notes to the financial statements 30-46

Greenhouse Sports Limited A message f rom our Chair for the year ended 31 August 2023 A81 wpite the intpoduction to thi8 financlal pepopt in Febpuapy 2024. the J088ph Rowntpee Foundation has ju8t pelea8ed its 'UK Povepty 2024, pepopt pef lecting on figunes fop 2021122. It makes fop sobering peading to leapn that it has been 20 yeans (the last seven prime mini8teps as the JRF calls it) since the last ppolonged pepiod of declining poverty in the UK. Childpen have consistently had the highest poverty pates with 4.2m childpen now living with povepty. In the time of the cost of living cpisis, th08e in 'vepy deep povepty, now make up rhe lapge8t of numbep of the poop. It18 a pemindep and an incentive that the need Gpeenhouse Spopts addpe8ses 18 88 upgent and neces8apy as evep. It 18 now 22 ye8ps since oup foundep Mike de Giopgio put an idea into action to pnovide negulap spont and coaching fop fpee to young west Londonep8. also then affected by povepty and lack of oppoptunity. The Gpeenhouse Spopt8 of today Still confpont8 that daily and incneasing need, and we ane ppoud to say that the wopk of Gpeenhou88 coache8 mone than evep delivep8 8 countep to the neductive effect of povepty and deppivatlon. in pnovidlng 8 sense of play. of joy. of fpeedom. of teamwopk. of community, of pesilience, of development and leapning to suppopt young people wh08e ability. ambition8 and aspipation8 ape no les8 because they have les8. eenhouse sptrts In the year govepning thls Greenhouse Spopts flnancial repopt, and oup fipst full yean of unpestpicted deliveny since the pandemic, oup coaches wopked dipectly with mope young people and deliveped mope mentoping houns than ever befope. They coached 7,900 young people an incpe88e of 16% of the yeap befope. Mone than 81,000 houns of coaching and mentoping young people wepe deliveped. up 15% on the ppevious yeap. The ambltlon of Gpeenhou8e Spopts Is to Sustain and gpow thls level and depth of coaching intenvention, in the wopds of oup 2.0 strategy -eapliep. mope, deepen. We have incneased the numbep of ppimany school ppogramme8 to 10, figun&headed by a ploneeping paptnev8hip with Guy's and St. Thomas, NHS Foundation Tpust In a ppoject called Positive Tpansitions. Wlthin thls. Gpeenhou8e coache8 ane embedded In a hub of schools in The Oval apea of south London. wopking with Impact on Upban Health to suppont theip dpive to make schools a mope nuptuning and suppoptive place fop childpen in the key anea of ment81 health 8UPPOPt and in the challenging tnansition fpom ppimany to secondapy school envinonments panticulaply 80 fo chlldpen fpom lowincome household8.

Greenhouse Sports Limited A message f rom our Chair for the year ended 31 August 2023 In tepms of 2022-23. oup f inance8 peflect a year of Steady gpowth in the numbep of ppogrammes against the backdpop of incpeasing c08ts (mainly due to inflation). We opepated in 78 ppogpamme8 in 2022-23 compaped to 87 the yeap befope. The gpowth and inflation togethep ha8 pesulted in a highep co8t8118% Incpea8el In 22-23. The doops to oup community spopts centpe, the Gpeenhouse Centre, sadly pemained closed thnough thi8 time. due to safety 18sues in the poof pequiping full pepaip. The ongoing lon&offl poof wopks has meant that we have needed to use Centpe pesenves to fund a signlficant papt of the pepaips and thefocu8 fop the shopt tepm will be to eplenlsh these pe8epves to en8upe that we can ab80pb any futupe malntenance o epaip pequinements. We ape looking fopwapd to completing the wopk8 In the 8ummep of 2024 and to pestapt activitie8 in the Centne. and ptrlaunch It as the Inspipational 8POPt8 centpe fop the Chupch Street community and oup table tenn18 squads it has always been. In the shopt to medium future, the continuing inflationapy pise in costs will ppesent a challenging financial enviponment. with the need fon coaches, 8alaple8 to pemaln competitive as they ane the key to deliveping fon the chlldpen we 8UPPOPt. Howevep, we ape optimistic that the investment we ane putting within fundpalsing will enable u8 to keep pace with the incpea8e and ensupe long tepm stability fon oup chanity. In 8hont, we ane looking at incpeasing fundpaising income to ensupe cost8 ape coveped In futupe year8 and we can be in a p081tion to gpow oup 8epvice8 SUStain8bly. Towapd8 the end of 2023 we 88id goodbye to Béatpice But88na-Sita. oup CEO 8ince 2020 who has become the new CEO at the Bpitish Red Cposs. Béatpice led Gpeenhouse with skill. passion and empathy, guiding the opganisation thpough and beyond the pandemic, and we have nevep been stpongen acposs all apeas of the chapity. On behalf of theTpustees I thank hep fop hep expept stewapd8hip and wish hep evepy 8uccess at BRC. We wish a wapm welcome to hep succe8sop, Don Bappell, who wlll take up the post in Mapch 2024, joining u8 fpom the pole as Head of Pepfonmance Ppogpam8 and Pathways at the Rugby Football Union IRFU}. I wlll end with a funther note of gpatitude. Not only to oup unbelievable 8UPPOPtep8 who ape the spping fpom which we empowep oup coaches to make such a diffepence to thelp chapge8. but to all Gneenhou8e Staff fop wopking evep hapden to provide a bedpock fon thousands of young people and give them the stapt in life evepyone de8epve8. Luke Ell18 Chai

Greenhouse Sports Limited Trustees’ Report for the year ended 31 August 2023

The Trustees are pleased to present their report, which includes the Strategic Report and the Financial Statements of the charity, for the for the year ended 31 August 2023. The Financial Statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Articles of Association, and 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) (2™ edition effective 1 January 2019).

Governing document

Greenhouse Sports is a company limited by guarantee in England & Wales (registration number 4600790) by its Memorandum and Articles of Association dated 26 November 2002 as amended thereafter by special resolutions. It is registered as a charity in England & Wales with the Charity Commission (registration number 1098744).

Directors and Trustees

The Directors of Greenhouse Sports are its Trustees for the purposes of charity law and throughout this report are collectively referred to as “the Trustees”. The Trustees serving during the year were as follows:

Sarah Chambers

Michael de Giorgio

Luke Ellis (Chair)

Mark Greatrex

Dora Jeler

Fiona Laffan

Andrew Lowenthal

Nicholas Prempeh James Reynolds

Michael Sherwood

Alexandra Willis

Company Secretary: Simon Fairhall (from 4 July 2023); Georgia Cocks (until 4 July 2028)

Trustee appointments and resignations

Mark Greatrex and Dora Jeler were appointed as Trustees at the Board meeting on 12 December 2022.

None of the Trustees have any beneficial interest in the company. Each Trustee is amember of the company and guarantees to contribute £10 in the event of awinding up. Trustees and Officers Liability insurance is held by Greenhouse Sports Limited.

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Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Structure. governance and management Opg8n188tlon The Boand of Tpustees administeps the chapity and they meet pegulaply thpoughout the yeap. All stpategic development decisions ape taken by the Tpu8tee8. Flve main committees al80 meet pegulaply thpoughout the yeap: Opepations Committee Finance, Audit & Ri8k Committee {FRC) Fundp8ising Committee M8nketing & Communications Committee Nominations Committee Each comppi8e8 Tpustee8. pelevant membep8 of the Seniop Leadepship Team, and othe Advisops. The Chaip of each committee pepopts back to full Tpustee meetings. The Opepations Committee has a Safeguanding & Child Ppotection sulFcommittee, chalped by the Dinecton of Pnognammes who is also the Designated Safeguapding Lead fop the chaplty, and a Health & Safety 8uk>committee. chained by a Lead Tnu8tee. The FRC has an Investment sub-committee and a Remunepatlon 8uE>committee which ape both chaiped by a Lead Tnustee. Tepm8 of Refepence and Chaips fop all Committees and 8ubcommittee. A numben of cpitepla is used in settlng pay.. Natupe of the pole and nesponsibilities Competitop Salanies in thenegion The secton avenage salapy fopcompapable positions The penfopmance of the individual Tnends in pay AIITpustees give of theiptime fpeely and no remuneration op expen8e8 wepe paid in the yeap.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 No penson may be appointed as a Tnu8tee unless they have been pecommended by the Tnustee8 and the apppopriate notice h88 been given in accopdance with the company's Memopandum & Apticles of Association. Thepe must be a minimum of two Tpu8tees and not mone than twelve. When consldening the appointment of new Tpustee8. the boapd h88 pegapd to the equipement fop any Specialist skills op chapactepi8tics needed, the need fop dlvepsity on the Boand, togethep with genepal enthu8i88m fon the wopk of Gneenhouse. Subject to ceptain exceptions, the tepm of office of a Tpustee is thpee yeaps. A Tpustee may not senve mope than thpee tepm8. At the end of the thpee terms that pepson must step down and may not be peappointed. The exception8 are.. . A Tpustee may serve on the Boapd fop a maximum of twelve yeaps if appointed as Chaip of theopganisation. . A Tnu8tee appointed In an Ex Off icio capaclty may sepve on the Boapd fop the dupatlon of thelp holding the pelevant office. In exceptlonal cipcum8t8nces (fop example to a8SlSt succession planning), a Chalp op Tnustee may hold office fop a fupthen yeap. When a Tpustee ha8 completed thein maximum tepm. at least foup continuous yeap8 mu8t elap88 befope they can be eligible to stand a8 a Tpu8tee agai Traknlng otTru8t888 The Open8tlons Committee contains a Lead Tpu8tee fop Safeguarding and Child Ppotection and 8nothep fop Health & Safety who both peceive tpaining in theip respectlve aneas., othep Tpustees peceive key updates. All Tpustees have to complete annual safeguapding tpaining. Pplop to theln appointment, Tpu8tees undepgo an inductlon ppogpamme which Include8 8 peplod of famlli8nisation with the chanity's activities by visiting ppognammes. meeting Staff and peadlng key infopmation.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Objectives and Activities The objects of the chanity, as set out in the Memopandum of Association, ape to Improve the condition8 of life of people, with an emphasi8 on childnen and young people, in the United Klngdom who ape deppived op disadvantaged or who do not opdinapily have acces8 to spopt8 and 8Pt8 facillties, by the provi8lon of 8POPt8 and apts ppogpammes. As such, Gpeenhouse Spopts uses spopts coaching and mentoplng to empowep young people In oup community who ape facing disadvantage and help them peach theip full potential. Gpeenhou88 Spopts aims to develop Soclal. Thinking. Emotlonal and Physlcal ISTEPI 8klll8 of young people in innep-city communities thpough outstanding Intensive 8POPt8 ppogpammes delivened by In8Pln8tlon81 coaches. The Gpeenhouse Centpe also aim8 to bulld a topcla88 communlty hub with a peal sense of values that ppomote health and wellbeing- The Tnustee8 confipm thatthey havecomplied with the duty in section 17 of the Chaplties Act 2011 to have due pegapd to the Chapity Commission's genepal guidance on Public Benefit 'Chaplties and Public Benefit,. Gneenhou8e Spopts, chapitable puppo8e Is en8hpined In Its objects which ape set OLrt above. The Tpustees ensupe that this puppo8e is cappied OLrt fop the public benefit by peviewing oup ppognammes to en8upe they ane meeting oup ovaBI aim8 and they also neview annual evaluation pepopting to as8es8 the impact of Gpeenhouse Spopts pnogpamm88 on oup papticlpant8' engagement with thelp education. theip involvement in the community and thel overall health and well-being. Papticlpation In Gpeenhouse Spopts ppogrammes Is open to 811 pupils of oup papticlpating 8chools and membepship of oup clubs and the Gpeenhou8e Centne is open to those who both fall Into the pelev8nt age categopies and who show a commitment to engaging inthe pelevant actlvlty. The Tpustees have concluded that theaims of the opganisatlon continue to be chapltable, that the aim8 and the wonk done give identifiable benefits to oup papticipant8, that the beneflt8 ane in the public intepest, ape not unpea8onably pestnicted in any way and that thene is no detniment op hanm apising fpom the aims and activities.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Strategic Report Gpeenhou8e Sport8 Stslatsgy The Boapd pefpeshed the opganisational stpategy with the key themes of 'Eapllep. Mope and Deepep,: Eaplep - building on our 10 vepy successful ppimapy ppogpammes with excellent Coaches. Mope- noting that we have gpown fpom 40 ppogpammes to 70 in thnee yeans . Deepep - Oun intepventions have imppoved and we ape offeping mope enplchment oppoptunitles and employability initiatives with Coppopate paptnep8 88 well 88 pushing fop gendep papity in oup ppogp8mme8. Oup strategic focus for the immediate future of Gpeenhouse SFJOPts is to: Continue 8tpengthening oup futupe fundpaising capabillty to expand oup peach Pnlopitlse establi8hlng negional pnogpammes Contlnuous monitoplng and enhancement of the quality of oup pnogpammes Explope oppoptunities to divepsify oup spopts It has been a yeap of fupthep gpowrh and development fon Gpeenhouse Spopt8. We ape vepy ppoud to have gpown to 78 ppogpammes as at the end of the financial year, with oun talented coaches and mentops wopking with 7.659 young people aged between 5- 18 ovep the counse of the yeap. Within th18 we have executed a numbep of inltiative8 that wepe launched in the ppevlou8 yeap whlch have been cpitical to oup mission to give evepy child a faip chance to succeed. R8gk*n81 expan81on L4)dats We launched oun first pegional ppogp8mme8 in Octobep 2021 in Poptsmouth and Septembep 2022 in Leicestep and now have 10 pegional ppogpammes, 5 deliveped thpough 2022-2023, with ecpultment of coache8 fop the pemaining to 8tapt in the 202&2024 academic ye8p. As with all Gpeenhou88 Spopts ppogpammes the pupils peceive immepsive coaching 8e88ion8 duplng and aften school {including bpeakfa8t clubs. lunch clubs and aftep School club81,' the coaches ape fully embedded In the schools intenacting with othep membeps of staff and becoming a tpusted menton to the young people they coach. in8piping them to aim highep.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Reachlng mop8 young people In the188t yean, the total numben of young people we have dipectly peached is 7,900, an Incpea8e of 16% from the yeap befope. The total numbep of houps of coaching mentoning young people have taken papt in is 61,380 (total 8taff delivepy houns), up 15% on the pnevious yeap. of ptYJgp8rmieg Oup coaches ape fully tpained mentOP8 and In8PIP8tlonal pole models wopklng in secondapy and pnimapy schoo18 8cposs London. Pontsmouth and Leicestep. The majonity of oup delivery is based on full-time, intensive sports coaching and mentoning in oup paptnen 8chools, whepe we delivep a pange of spopt8 Includlng ba8ketball, table tennis. tennis. volleyball and cplcket. We also pun multi-SPOPt pnogn8mme8 in a numbep of special educational need8 and disabilities {SEND) 8chool8. Detai18 of the numbeps of these ppogrammes, along with the intensity of ou engagement be Seen in the charts along8ide which include ppogpamme8 that have elthep stapted op c108ed during rhe yeap. li Nwnbenof Patittclpants £LV> A high level of engagement with young people 18 Cpltical fop Gpeenhou8e Spopts to make PO8ltive Impact on thein engagement with education. academic pesults. life Skills and futupe ppospects. Taking papt in coaching and mentoping activities fop an avepage of at least one houp pep week ppovides a gpeatep oppoptunity to develop a young pepson's social, thinking and emotlonal and physic81 skllls. Thetotal numbep of panticipants, avepaging at least an hou pep week of activity duplng the pepiod was 2.41712022.. I,904}. Gpeenhou88 Spopts also pun8 basketball and table tenni8 clubs. These ppovide an impopt8nt exit pathway fpom oup 8chool-based intepventions. ensuping young people have access to oppontunitles to maintain 8POPting habits and continue to benefit fpom the wellbeing benefit8 of taking papt in opgani8ed extpacupniculan activities. io

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 As p8Pt of oup stpategy to actively encoupage the papticipatlon of women and gipls In 8POPt we have bullt on oup paptnepship wlth the Sweaty Betty Found8tlon who funded 8 12-month pnoject whlch ha8 deliveped.. 15 focu8 gpoup8 to explope the bappieps fop gipls taking papt in physical activity with Input fnom 10 Gneenhouse Spopts coache8. 17 School 8taff and 130 gipls between the ages A Spont8 Bp8 Road8how. with ovep 600 gip18 attending the 5 poadshow 8es8ions. The8e 888sion8 ppovided a 8POPts bpa to all the gipls attending alongside deliveplng an education talk to inspipe and empowep gipls and incpe88e thelp confidence. A post an81ysi8 8UnVey showed ovep half pepopted an incpease in theip confidence. 10 focu8 ppogpamme8 which de8igned bespoke initiatlve8 to target gipls, pantlcipatlon. Ovepall Gpeenhou8e Spopts female papticipation data fop the academic yeap has Seen an acp088 the boapd Incnease in numbeps. moving fpom 39% to 44%. Innovatlve partne￿h Guy* arKI St Thomas. Chapitth T￿￿t (Inwt on Heath) We have completed oun yean one final peponting of oup fouTryeap majop stpategic p8Ptnep8hip with one of the lapge8t NHS Ch8Pltable Tpust8. Guy's and St Thomas, Chapitable Tpu8t (Upb8n Health). Thi818 in foup ppimapy schoo18 in Lambeth. feeding into a basketball ppogpamme In a Lambeth 8econdapy school. Thealm of this project 18 to test and develop an apppoach to 8UPPOPting childpen most at pisk eithen of developing op of wopsening beh8vioupal difflculties as they tpan8ition fpom ppimapy to 8econdapy school. We have also paptneped with UCL and ape wopking with a PhD student on some pioneering 88eanch into the impact of spont in mitigating challenges apound behavioupal mental health with young people tpansitloning into secondapy School. London Llon8 Basketbal Ck A paptnepship with the London Lions Basketball Club has been established to cne8t8 pathway oppoptunities fop oup m08t talented playep8. We will wonk togethep to suppont the tpaining and education of oup young coaches and papticipants fop the ppovision of communlty coaching at oup ppimapy schools. EmployabHIty We have gpown oup employability ppogpamme suppopted by team8 of covpopate volunteep8 focused on developing the employability skllls and expepience8 fop oup young people. Th18 ha8 involveda gpowing numbep of coppopate paptneps and has included visits to wonk offices and wopk8hop8 in schoo18. 12 8POnt8 based employability 8e8sion8 involving ovep 200 papticlpant8 and also ses8ions fon oup Youth Boapd membeps.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 We ape keen to ensupe that oup ppogpammes 8pe 8h8ped with input fpom the papents of ou papticlpant8. We held 8e8sions involvlng both papents and young people acp08s flve of oup pnogn8mme8, and thi8 was a gpeat oppoptunity fop papents to have a fip8t-hand expeplence of oun ppogpammes. We have had veny positive feedback to oup fip8t even papents 8upvey wlth 93% Indlcating that they would highly pecommend Gpeenhouse Spopts. °The welcoming and suppontive environment 8r Gneenhouse means th8r it has become 8 second home fon my rwo childnen. They h8ve gne8t Dole models. mentons 8nd fniends. The daily noutlne th8t training with Gneenhouse has greatly conrnibuted to helps borh my childnen to self-m8n8ge theln tlme and rake nesponsibility fon rhein own achievements and nelationships with thein peens. In a nurshell Gneenhouse h8s nor only given my children 8 chance to p18y sponrs rhey love, but has also supponted me 8S 8 P8nent bringing up my children to be self-sufficienr. soci8bl8 8nd esponsible." Panent The Centne hag continued to remaln closed following thediscovepy of damage wlthin the poof stnu¢tune in Novembep 2021. We have continued to delivep activity effectlvely with 530 young people fpom the local community despite the closupe u8ing a numbep of altennative location8, pplmapily Nonth Paddington Youth Club. The need fop oup young people and theip families in Nopth Westmin8tep to have a safe space to go to Imppove theip phy8ical and mental wellbeing is oup top ppionity. The nepain wopks ape ongoing and we ape aiming to nfropen the Centpe in 2024aswe ape totally committed to p&opening to the thou8and8 of young people and families on oup doopstep. Oup Youlh Bowyl The Greenhouse Spopts YouthBoapd (YB}has continued to play an important pole In ppovlding feedback and making deci8ions specifically focussing thi8 yean on oup new bnandlng and Impact. They made ppe8ent8tlons at oup Headteacheps event and suppopted oup attendance at the Mapylebone Summep Festival. The 13 membeps of the YB attended two employabllity events and undertook public speaking and spopts leadepship tpaining. Hollday dellvepy We continue to nun vepy 8ucce8sful and impoptant holiday camps and enpichment activlties, keeping childnen safe and engaged all yeap pound, especially when 8chools ape closed, and cpeating oppoptunities to which the young people may not othepwise have access. This 8ummep, 62 ppognammes pan summep camps 149 in 20221 with 5,482 houn8 of delivepy Includlng camps and enpichment activitie8 {3.656 in 20221. We peached ovep 1,370 young people with activitie8 Panging fpom pesidential spopting camps to excitlng enpichment day trlp8. 12

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Oup people Oun wopkfopce Is oup biggest stpength and we havecontinued to ppovlde high quality tnalning fop oup coaches and staff. We pun alkstaff days thpee times a yeap on topical 188ues that Impact oup young people and the communities whepe they live. All 8taff attend annual Safeguapding Refpeshep tnaining and othen tpaining has included Awanene88 of Abuse In Spopt, Mentoping, Engaging Women and Girls and Managing Challenging Behavioup. Equallty, Dlvev81ty & Inelu8k)n (E. D & l) Oun E,D & I gpoup con8lSts of Gpeenhou8e coache8 and office staff wopklng on ppoject8 8upnounding E,D & l and making necommendations to the Senion Leadepship Team and Tpustees on what mope Gpeenhouse can do tofupthep champion thisapea. We have continued to bulld on the8e initiatlves and with the suppopt of Spopt England, Gpeenhou8e Spopt8 has 8tanted wopk on pnep8ping a Divepsity and Inclu81on Action Plan. Voluntseps Volunteens support Gpeenhouse Spopts acp08sall apeas of thechaplty's wopk and we ane vepy gpateful fon theip knowledge. expenience and enthusiasm. Theip poles vapy fpom long-tepm egular coaching and mentoping positions to suppopt on ppoject8 and events. This yeap we launched oup employability ppogpamme suppopted by teams of coppopate volunteers focused on developlng the employability skills and expeplences fop oup young people. Coppopate volunteep8 8180 SUPPOPted oup coaches at afteTrschool club8 and holiday camp8. oun events team at majop fundpaising events and oup ppogpamme suppopt team wlth sk1118-ba88d ppoJect guidance. 13

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Plan8 fop the FLrtupe We ape continuing to gpow Gpeenhou8e ppogpammes ovep the next 12-month perlod Includlng M81n8tpe8m Secondapy. Pplmapy School ppogramme8. and Clubs as well as pebulldlng the Community offep at the Gpeenhouse Centpe. Thls peppe8ents contlnued gpowth wlth 70 pnogpamme8 active as of Januapy 2024 and three new ppogpammes with 8igned agpeement8 pecpuiting coaches cuppently to commence in 2024. We will continue to enhance oup delivery in pplmapy schools, and in Lambeth, we wlll contlnue oun paptnen8hip with Guy'8 and StThomas' NHS Foundation Tnu8t, which will enable us to wonk with young people from 8 youngep age to deepen oup impact. suppopt thelp mental wellbelng thpoughthetplckytpan81tiontO 8econdapy school.and build a healthy habrt of eXt￿￿u￿rIcUla￿ actlvlty. The Tpustee8 ape commltted to enhance the extent and depth of impact measupement and nepopting within Gpeenhou8e Spopts, and haveoLrtlined a plan which includes.. Deepenkng lThIep￿￿g.' obtain data from teachens. papents and othep 8takeholdep focus gnoup8 Obtakn bettw dats, often. utilising school measupement 8y8tem8 to obtain attainment. attendance and behavioup. 8CPO8s mope of our ppogp8mme8 Ut118e eontpol gpoy.. withln a selection of oup schools to benchmapk oup impact B008t oup kltsl.. fupthep and deepep collabopation with academia to betten fname oup impact peponting. 14

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 "Befope Gpeenhouse I was stpuggiing at home. Gpowing up in povepty, we nevep peally had vepy much. My Gpeenhouse coaches gave me a platfopm and pesoupces to help me come out of all the negative things that poveraty bpings alongside with it. It ppevented me fpom having a specific mindset that most kids that gpew up in my apea had." Gpace, age 15 15

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 How we fl1￿￿8188 Gpeenhou8e Spopts is pegisteped with the Fundpaising Regulatop. and we 8eek to follow best ppactice guldeline8. We a180 use our be8t endeavoup8 to ensupe that oup fundpai8lng actlvitl88 comply with all codes of ppactice. The Fundpaising Committee 18 pesponsible fon ovenseelng the fundpaising 8Ctivities of the chapity and is pe8ponslble fop monitoping the fundpai8lng pnactlCe8. Oup fundpai81ng actlvlties ape led by oup iTrhou8e fundp818ing team8 a8 well 88 by Tpustee8. We onganise sevenal fundpaising events each yeap. as well as obtaining donations fpom 8 vaplety of individuals. coppopate8, tpusts. foundations and 8tatutopy bodies. Oup Tnu8te88 and fundpai8ing team ape committed to putting the needs and expectation8 of oun exi8ting donop8 and ppospective suppopteps 8t the heapt of oup fundpaising activities. It 18 only thank8 to them thatwe can achieve oup objective8. Wepespect thepight8of indivldua18 who may not W18h to give, and if we peceive a pequest to cease contacting an individual thls Is logged in ounfundnaising database toensupe theyape notcontacted again in thefutupe. Thepe have been no complaints made pegapding oup fundpaising ppactices this yeap. In 2022-2023 the fundpaising team succe8sfully pose to the challenge of meeting Incpeased C08t8 and 8igniflcant demand fop oup sepvices thnough divepsified channel income and have agpeed a stpategy to gpow income stlll fupthep ovep the next 4 yeaps.

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 The Tnustees have adopted a pisk management stpategy which compplses: a pisk pegistep to peview the pisksthe chapity may face,. neview of key pisk indicatops IKRls)to aid pisk mitigation., and 8y8tem8, pollcies and ppocedupes designed to minimise the Impact on the chaplty 8hould those pi8ks materi81i8e. The nisk pegistep and KRlsane updated evepy quaptep and pegulaply peviewed by the FRC, Openation8 Committee. Health & Safety 8ub-committee and the Boapd of Tnu8tee8. Duping the yeap, significant wopk has been done to mitigate the key pisk8, in papticulap.. Monthly Pnoject focus gnoup meetings to peview and scputinise the pepaip and efunbishment of the Centpe noof to ensune that project 18 cost effective and timely. Engaging with extepnal consultants and facilities manageps to ensure that the Centpe 18 compllant with health and 88fety standapds and that U88P8 of the Centpe ape in a safe enviponment. Updating oup penfopmance indicatops to monitop pnogpamme quality and pepfopmance. Undeptaking a nisk audit to ensune that the pisks wepe apppoppiately 888e8sed. and the action8 identif led to mitigate those pisks wene being implemented. The prlnclpal nisks and unceptainties facing thechapity and plans fon theip mitigation ane as follows.. Rl8k Midgatkng actlon8 Regulap pnoject monitoping meetings by a focus gnoup to ensupe that potential ppoject delays ane identified eaply and mitigated. Ppoject managed by an expepienced pnoject managen with 8imlla ppoject expepience Extepnal adviseps with relevant project expepience pnoviding an independent oplnlon and assupance on the ppoject Scope and costs. Competitive tendep pno¢ess fon the selection of the contpactOP8 and elated ppoject teams undeptaking the pepaip Regulap monitoping and peview of strategic. financl81. and opepational plans by Tpu8tees and Staff Review and updating policies and pnocedup88 in line with govennment advice and best ppactice Contlngency and pecovepy plans to ensupe sepvi¢es have minimal dispuption Ppovision of 8epvice8 via altepnative media duping school closupes Succession planning includes identif ication of cpitical points with action plans to en8upe knowledge is shaped acp088 teams Inadequate f inancial and ppoject management of the Centne poof ep8lp ppoject. Cnitical incident8 17

• • • • • • • • • • • • • • • • • • • • • •

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 R88epv88 poIIcy Gpeenhou88 Spopts aims to petain general unpestpicted funds of between thpee and six months of expected opepating expenditupe fop the following yeap to ensupe that we can meet oun ongoing pnognamme commitments to the papticipant8, theip schools (with whom the 8tandapd tenm contpact is 3 yeaps). community club8 and othep paptneps. Oup yeap end genepal unpe8tpicted funds of £2.9m eppesent 5 month8 of the £7.2m budgeted annual expenditupe. The closupe of the Gpeenhouse Spopts Centpe {a leasehold ppopepty) due to damage Identified withln the poof stpuctupe, has e8ulted In an additional impaipment chapge of £0.2m 12022.. £1.6m) which has neduced our de8ignated fixed asset pesepves accopdingiy. 2023 2024 D8￿gnetsd i Aethcted • Un￿thtsd To 8UPPOPt oup gpowth inthenumbep of ppogpammes within London as well as In othep citle8 and pegions acp08S the countpy, have designated £2m in a Stnategic Gpowth Fund to help us achieve this goal. Raising funds fop activities outside London will be challenging, but we ane committed to deliveping oup ppognammes fop at le88t thpee yeaps to ensupe that we have a genulne impact in oun young people'8 live8. At the ye8p end. the chapity had total fund8 of £22.2m (2022.. £23.9ml. £18.8m 18 d88ignated, of which £13.7m pelates to the Gpade Il* Gpeenhou8e Centpe building. This include8 an Impaipment change of £1.8m to peflect the poof issues. £0.8m investment8 18 the Centne Sustalnabillty Fund whlch 18 held for the long-tepm costs of punnlng the Centne. A fupthe £0.2m is held within othen fixed assets while the nemaining £2.Om of designated funds is held wlthin investments and cash and is fon the gpowth of oup ppogpammes. Restnicted funds of £2.5m12022.. £4.8ml comppise £2.4m in pespect of the Centne Sustainability Fund and £O.Im fop speclfic spopt8. pnogpammes and activities. As mentioned above. £2.9m 18 unpe8tplcted {2022.. £2.3m). Fknanclal pevl8W During the yeap. the chapity peceived £6.2m income fon its ongoing opepation8 {2021-22: £6.Om). Thls included £2.2mof pe8tpicted income and £O.￿nf￿0rnfundPaIslng event80nganised by Gpeenhouse Spopt8. Opepatlonal cost8 wepe£6.3m12022.. £5.2m), and thls incpease 18 mainly due to a comblnatlon

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 of gpowth In oup ppogpamme numbep8 as well as inf lationapy incpea8e8 In the yeap. In total. 84% of costs12022.. 85%) pelated to chapitable activlties. with most of the pemaindep 8pent on genepatlng voluntapy income. We al80 incupped on￿ff c08ts of £1.4m12022.. £2.Om), whlch Included £1.2m in pepaip costs and a £0.2m impaipment chapge fop the building. Total expenditune fop this yean is £7.7m. The impainment change will be pevensed upon completion of the wopk a8 we expect the building value to be in line with oup ppevlous cappylng value. We have also recognised a provision of £3.Om fop the poof pepaip ppoject. Howevep, as these C08t8 wlll only be incupped in the financial year 202&24. they have been included wlthln ppepayments. The ppovlsion and ppepayment will be peleased 88 and when the nepaln c08ts ape incupped and paid. The table below sepapates out the Income and expenditupe pelated to the Centpe poof pepal ppoject to demonstnate the undeplying perfopmance of the chapity I'Gpeenhouse Openation8'1. It is the Tpu8tees' view that the income and expenditupe categoplsed unde Gpeenhouse Operations gives a mone peppesentative pictupe of the chapity's financial pepfopmance. Cèntre Roof Repa Total Income Expenditupe and losses 6,261,154 16,594.7641 6,261,154 (1.978,9661 11.384,2021 Net irKxJmeAexperKlitLTh) (S33.￿0) 11,384202) {1,717,812) Investment powep8 and pollcy Undep the Memopandum and Apticles of As80ciation. the chapity has the powep to invest at the discpetion of the Tpu8tees. The Investment Committee has delegated authopity to make decision8 in pelation to investment8 and is pe8ponslble fop managing the inve8tment poptfolio on behalf of the Tnustee8. It 18 the Tpu8tees' policy to inve8t 8upplus fund8 on a consepvative basi8 and In the best Intepe8t8 of Gpeenhou8e Spopts. Inve8tment8 made by thechariry ape intended to be held fop the long-tepm to genenate income to suppopt the opepational costs of the chapity. As a gulde, the maximum invested in any given in8tpument would be IO% of the poptfolio value, on £500k. whichevep is the gpeatest. This may need a degnee of flexibility if, fop example. it is nece8sapy to sell some fop cashflow pupposes, or fluctuation8 in the value of In8tpuments punchased give plseto these limits being exceeded. The genepal as8umption 18 that the pplmapy In8trument type will be coppopate bonds, though othep typ88 wlll be con8Ideped. 20

Greenhouse Sports Limited Trustees, Report for the year ended 31 August 2023 Duping the yean, the investment poptfolio genepated income of £0.4m. The effects of the widep economy. intepest pate pi8e8 and government policiv4 pesulted In Inv88tment valu88 decpea81ng and we had a net investment loss of £0.3m (2022.. £1.2m Ios81. The yeaTrend value of the investment poptfollo, including any accpued income. was £7.8m (2022.. £7.7ml. The makeup of the investment was 66% in coppopate bonds and 34% in cash. Each of the Tpustees has confirmed thatthene is no material infopmatlon of which they ape awane which is pelev8nt to the audit but of whlch the auditop Is unawape. They have funthe confipmed that they have taken apppoppiate steps to identrfy any such pelevant infopmatlon and to establlsh that the auditOf8 ape awape of such infopmation. Thls pepont. which include8 thestpategic Repopt and Dlpectors, Repopt, W88 apppoved by the th Tpustees on 29 Febpuapy 2024 and 18 signed on theip behalf by. Luke E1118 {Chaipl 29" Febpuapy 2024 21

Greenhouse Sports Limited Statement of Trustees, Responsibilities for the year ended 31 August 2023 The Tnu8tee8. who ape also the dinectops of Gpeenhouse Spopts Limited fop the punpose of company law, ape nesponsible fop ppepaning the Tpustee8' Repopt and the accounts In accondanee with applicable law and United Kingdom Accounting standapds {United Kingdom Genenally Accepted Accounting Ppacticel. Company Law pequine8 the Tpustee8 to ppepape accounts fop each financial yeap whlch give a tpue and fain view of the state of affalps of the chapity and of income and expendltupe of the chanitable company fop that yeap. In ppep8ping these 8ccounts. the Tpustee8 ape pequlred to: 88lect suitable accounting policie8 and then apply them consi8tently', obsepve the methods and ppinciples in the Chapities SORP,. make judgements and estimates that ape reasonable and prudent. 8tate whethen applicable UK Accounting standapds have been followed, 8ubJect to any matepi81 depaptupes di8closed and explained in the account8., and ppepape the accounts on the going concepn basi8 unles8 It 18 inapppopnlate to ppesume that the chapity will continue in opepatlon. The Tpu8tees ape pe8pon8lble fop keeping adequate accountlng pecopds that dlsclo8e wlth easonable 8ccupacy at any time the financial position of the chapity and enable them to en8upe that the accounts comply with the Companies Act 2006. They ane al80 ne8pon8ible fop safeguapding the a8sets of the chapity and hence fop taking peasonable 8teps fop the ppevention and detection of fpaud and other ippegulapities.

Greenhouse Sports Limited Indep8ndent Auditor's report to the members of Greenhouse Sports Limited Opinion We haveaud￿edthef Insnclalstatementsof Gneenhouse Spopts Llmltedfonthe yegnended31 August 2023whlch COrnFvise Statementof Fln8ncial Activities, the B8lance Sheet, thecash Fbw St8tement8nd notesto thefin8ncl81 statements, including a summapy of sigriificant accountlng pollcies. The flnancL41 rEPOrtlng fp8mewopk th8t has been applied in thelpprEPaf8tion Is appllcable law 8ndUnited Klngdom Accountingstandarxls, Includlng Financial Reporting stand8pd 102 The Fin8ncial Reporting st8ndapd applicable in the UK 8nd Republlc of Ipeland Iunlted Kingdom Genep8lly Accepted Accounting Pp8Cticel. In oup oplnlon, the fin8nci815t8tement$'. give a true and falp vlew of the st8te of the ch8pltable company's afF8lps 88 8t 31 August2023 8nd of the chapitable comp8ny's net movernent In funds, including the Income and expe￿d￿UrE, fop the yeap then ended., have been pr0pep￿ ppep8ped In 8ccorYJance wY(h un￿ed Klngdom Genep8lly Accepted Accounting Ppactice., and have been wepgred In gccopdence w￿h the requlnements of the Companles Act 2006. Be￿8f0￿ wlnlon We conducted our audit in accopdance with Internatlonal Standapds on Auditing IUKIIISAS IUKII 8nd 8ppIic8ble 18w. Oup pesponsibilit￿S undep those stand8rxls ape further descplbed in the Audr(or's responsibllitle5 for the 8udfc of the financial st8tementssectlon of our peport. We 8pe independentof the chapity in 8ccordarice with the ethical rEquipements that ape pelevant to Our 8udit of the f In8nclal statements in the UK, iricludirig the FRC'S Ethical Stand8pd, and we h8vefulfilled oup othepethical rEsponsibilities In 8ccopd8nce with these pequirement& We believe that the audlt evidence we have obt8lned is sufficient 8nd apppopp18te to ppovide 8 b85is fop oup oplnion. Con¢￿610n8 ￿tIng to golng oonowY* In au￿￿1n# the flngn¢lal statements, we have concluded that the twstees, use of the golng concenn bosls of 8ccountlng In the ppep8Patlon of the flnancl81 statements is apppopplate. Based on the wopk we have pepfopmed, we have not identlfied 8ny m8terl81 uncertalntles relatlng to event5 OP condltions th8t, indlvldually op collectively, may C8St signrficant doubt on the char￿able comyany's abillty to contlnue 8s a going concem fop 8 pepiod of 8t least tWe￿e months fpom when the flnancl81 st8tements arE 8Uthorlsedfop issue. Oup rEspon8ibilities and the pesponslbilities of the twstees wtth rE5pect to going concern are descplbed In the pelevant sections of this pepopt 0th8p Inforn￿tIOn The tPU8tees 8re pesponslble fop the othep Infopmation. The othep information comppises the infopmatiL included in theTpustees' Annu8lReport and the messagefrom the Chaip'5 and ChEf Executive's Statement. Oup oplnlon on the flnan¢l81 statements does not coven the othen Informstlon end, exoept to the extent otherwl explicltly stated in oup peport, we do not exppess anyforyn of 8SSUP8nce conclusion therEOn. In connection w￿￿ oup aud￿ of thefinancl81 statements, oup pesponsibilrcy is to re8dthe othep Inform8tK)n and In dolng 80, considep whether the othep inform8tion Is m8teplally incon8lStent wlth the financi818tatement5 OP oup knowledge obtained in theaudfc op othepwi5e appeaps to be m8tepially rnis8t8ted. If we Identrfy such materi81 Inconsistencies op app8rErit matepi81 mlsstatements, we arE requiped to detepmlne whethep there is 8 matepi81 mlsstatement In the financlal st8tements op a materi81 misstatement of the othep information. If, b85ed on the wopk we h8ve pepfopmed, we conclude that there is a matepi81 misstatement of this othep Infopmatlon, we 8rE pequlped to pepopt that f8Ct. We have nothingto peport in rEgapd. 23

Greenhouse Sports Limited Indep8ndent Auditor's report to the members of Greenhouse Sports Limited Oplnlon8 onothw mat¢W8 by the Cony9nlos Aot 2006 In oup opinion, based on the wopk undeptaken in the coupse of the 8udlt'. the infopm8tion given in the Tpustee8' Annu81 Repopt Iwhlch Includes the stpategic peport and the dipectors. rEPOrt ppep8rEd fopthe pupposes of comwany lawlfopthefln8nclalye8pfopwhich theflnarici81 statements ape ppep8red Is consistent with the f InancL41 statements,. and the stP8tegic report and the directorE' report Included within the Tpustees, Annu81 Report h8ve been prEP8ped in accorKlance with 8pFAlcable legal requlpements. Mattw8 on whlch w88r pequlrd to pS￿rt by exc8Ptlon In the light of the knowledge and undepstanding of the ch8rit8ble company and its envlponrnent obt8ined In the coupse of the audit, we h8ve not identified matepi81 misstatements iri the Tpustee8' Annu81 Repopt (which Incorpop8te8 the stpategic neport andthe dlpectops, peportl. We have nothlng to rEport In pespect of the followlng m8tterE in pelatlon to whlch the Companle5 Act 2006 pequlpes us to pep)pt to you ￿, In oup opinion: gdequate a¢countlng ne¢ords hove not been kept bythe charltgble ¢ompany,' on the chapltable company financLg1 st8tement8 ape not in agpeement wfch the accountlng pecoryls and petums,. op cert81n dlsclosupes of tpustees, remunepation sPec￿led by18W 8fE not m8de', op we have not peceived 811 the Information and explanations we pequirE fop oup audlt. Respon51￿1t1q8 of trYEte83 fop the tInar￿alStatem8nts As exp181ned mope fully In the tpustee8' pesporisib1l￿1e5 st8tement Set out on page 22, thetrustees (who arE also the dlpectops of the cha￿￿￿ble company fop the r￿ppOSe5 of company lawl are peswnsible fop the ppepar8tion of thefin8ncialst8tement88ndfor belng satlsfied thattheygive 8 true 8ndfaip view, and for such Intepnalcontpol 8s the trustees determine is necessary to enable the ppepar8tion of fln8nci81 statements that 8re free from mateplal mlsstatement, whethep due to fpaud or epnor. In prep8pingthef In8ncial st8tements,thetpustee88ne rEsponsiblefop asse55ing thechapitable company's at￿1￿Y to continue as 8 going concepn, dlsclosing, as applic8ble, matteps pelated to going concepn 8nd using the going concepn b8sis of accounting unless the tri15tees eithep iritend to Ilquidate the chapitable company op to cease operations, op have no pealistic a￿e￿natIVe but to do so. A￿J[tOrt8 rwJonslblltles fop the audt of th8 financlalstatwn8rts Oup objectives ape to obtain peason8ble assurance 8bout whethepthe f In8ncl81 statements 8S 8 whole ape fpee from m8tepial mlsst8tement, whethep due to fp8ud op erpop, and to185ue an aud￿0￿,3 report th8t includes oup oplnion. Rea8onable 85supance is a high level of assupance, but 18 not 8 guapantee that 8n 8udit conducted In 8ccorx18nce with ISAslUKlwill 8hNays detect 8 m8teplalmisst8tementwhen itexists. Misstatementscan apisefpom fr8udor erpor8nd 8fE consKleped matepi81 If, Individually op in the aggpeg8te, theycould pea8on8bly be expected to Inf luence the economlc declsk)ns of users taken on the basls of these financlal statements. 1rpegulen￿1Q$, Includlngf pgud, ane Instgncesof noneompllgnce w￿hleW5 andregulgtlons.we design pDocedLJP96 In Ilne wlth our peswnsibillties, outllned above, to detect rn8terial misst8tements In rEspect of irrEgu18pities, Including fraud. The extent to whlch oup pnocedupes 8rE capable of detecting irpegu18pf(ies, hcludlng fp8ud L det8lled below.. Ba8ed on oup undepstandingof the ChapItab￿ comp8ny 8nd the envir¥)nmentin which it operates, we identrfled that the pplncip81 risks of noncornpliance with laws and pegulatiOn8 fE18ted to the CompanEs Act 2006, the char￿leS Act 2011, the Furidraislng pegulations and GDPR, and we consideped the extent to which non- cornpliance might have a matepial effect on the financi81 8tatements. We 8180 consideped those 18ws and pegul8tions th8t have a dipect imp8Ct on the ppepapation of the fln8ncial statements such as FRS 102 arid Chapity SORP, 8nd considep othep factors such as p8ypoII tax 8nd 881e5 tax. 24

Greenhouse Sports Limited Indep8ndent Auditor's report to the members of Greenhouse Sports Limited We evalLJ8ted management's Incentlves gnd Opwrtun￿[es fop fraudulent manlpul8tlon of the flnanolgl statements lincluding the rlsk of overpide of contpolsl, and detepmined that the ppincipal risks werE re18ted to PO8tlng In8ppropp18te joupnalentrlesto incorneand management blas in accountingestimates. Audit ppocedupes pepfopmed by the eng8gement team Included.. Ev8lu8ting management's controls designedto prEvent and detect irregulap￿Ie8', Inspecting coprEspondence with pegulatops and t8X 8Uthopitle5,' Discussions wlth m8n8gement Includlng considepation of known op suspected Instances of non- compliance with laws and pegulatlon and fpaud., Identrfying and testing joupnals, in papticulap joupri81 entrk5 Posted wlth unusua18ccount Comt￿n￿tIOns, PO8tlngs by unusual usep8 oPw￿h unusual descpiptlons., 8nd Challenging assumptions and judgements made by man8gement in theip c￿rt￿81 accountlng estimates. including those In rEl8tion to the poof cipcumstance as disclosed in the financk41 ststements Bec8use of the Inherent 11m￿￿tIOnS of aud￿, thepe18 a pisk th8t we wlll not detect all irregul8pitles, hcludlng those leadlngto 8 m8tenlg1 mlsstatement theflnanclgl statementson non<ompllance w￿h regulotlon. Thls nlsk incpeases the more th8t compliance with 8 18w op regulatiori is removed fpom the events 8nd tP8nsactlons peflected in thefin8ncial st8tementS, 8swe wlll be less Ilkely to becomeaw8peof Instances of noncompli8nce. The plsk 18 8150 grEatep pegarding ippegul8pitles occurririg due to fp8ud p8thep than error, as fpaud involves Intentional concealment, fopgepy, collu51on, omlssion op mispeFresentation. A furthep descriptK)ri of oup pesponslbilltles fop the 8udit of the fin8nclal st8tements Is located on the Financl81 Reporting Councll's web5Y(e 8t.. www.fpc.or audltOP8res nsitxlltie& Thls descpiptlon fopms papt of our 8udltor's report. iJ88 of p8port ThL8 rEPOPt Is made solely to the charItab￿ company's members, 88 8 body, In 8ccopd8nce with Chaptep2 of P8rt 16 of the Comp8nles Act 2chJe. Our audit wopk has been undeptaken 80 that we might state to the ch8pitatAe COrnP8ny's membeps those matters we ape pequlped to state to them in an Auditop's rEPOrt and fop no othep puppose. To thefullest extentpepmfcted by law, we do not 8ccept OP assume pesponsibility to 8nyone otherth8n the chapita￿e company 8nd the chapitable company's membeps, as a body, fop oup 8udf( wopk, for this report, op fopthe opinbns we have fopmed. 7_ LJL Tkb)masWlknn Isenlor Statutopy Aud￿0￿) For and on behalf of H8ysm8clntype LLP, St8tutopyAuditops Date 29, Februapy 2024 10 Oueen Street Place London EC4R IAG 25

Greenhouse Sports Limited Statement of Financial Activities Ilncorporating an income and expenditure account) for the year ended 31 August 2023 Tot ftmd8 R06tt￿¢tod 12 14nth8 12 14)nih8 generHI dobYgnod ai A￿20￿3 31 A￿202 Donations . The Gp8snhouso CAntP8 49,302 49,302 a,100.AG4 77,382 2,965,250 OpBP£tion81 2,408,892 e91,272 Chapitable activitigy . SpDPts Prx)gpamtnes Events incorn LO,789 L,4I8,086 70,630 L,279,888 1,290,SS7 ,416,086 404,945 L,087,643 L,498,61 341,114 Investrnent income 125,032 209,283 3,908,377 125,032 2,229,745 6,261,164 5,967,980 Raising furKIs Ch8pitabl8 activities L,0I7,077 2,182,319 ,017,077 5,263,272 ,384,202 745,827 4,432,823 L,974,63 2.8e5,833 1.224,702 Othep lon&off costs) LSg,500 3,109,396 374,620 4,090,525 7,864,561 7,I53,08 Net galnsAlossesl on Investments 182B681 1105,2971 1178,2521 1314.4151 11,200.4801 Net trw)omellexpKknI b 13648861 12,037,042) 11,717,812) 12086,5311 Gposs tpansfeps b8tWgBn furKIs 146,335 128,5241 566,304 1208,6501 12,076,566) 11,717,812) 12096,5311 FurKI bBl8nces at IS8pternbep 2022 2,348,469 16,973,355 23,934427 26,319.958 2.912. $,7H,905 2.fj89,047 The p85ults gtx>ve mstepially impacted by eXpBndItur￿ which 15 ONe￿ff in nBtup8. Thg tsble bBlow thepefope splits thes& items OLrt to show the undeplying opepational inBome and expBnditupe. Exp8rKlitupe pglat8d to the r￿p￿1￿ of the poof and bdl towep 15 cstegopiz￿l undep Roof pepaip. C•)ts Roof In(x)rne EXper￿lture 3nd losses 8,2el,I54 16,594,7e41 11,884.2021 17,978,9eei ia33,8101 11.3H2021 11.717,8121 2e

Greenhouse Sports Limited Statement of Financial Activities Ilncorporating an income and expenditure account) for the year ended 31 August 2022

enerd doBign*od

ai 2022 31 Au# 202 Notso Donations - The Greenhouse Centne 77,382 728.150 77,362 2.985.250 357,416 5.501.323 Openational 2.242.100 Ch8pita￿e activiti85 . Spopts Prx)gpamtnes Events income 5,247 L,498,61 40,044 1,082,396 1.087.$43 L,254,S94 468,421 432.470 InVestM￿t iwome 112.598 L88.472 3,784,002 2,071,380 5,967,980 B,0I4,224 Ex￿¢￿ture on Raising furKIs Ch8pita￿e sctiviti85 745,827 2,958,680 745,627 4.432.823 1.974.$3 799,129 5,492,S29 200,835 L,585,000 1,275,328 389,831 Othep lon&off costs) T4)tal 8xp￿dI￿* 3,702,287 1,785,885 1,664,959 7.153,081 8,202,668 Not g8insll10956sI on inv6Stments 13 1118,5601 1404,8111 1677,2591 11,200,430) 328,736 Not Ir￿0￿&/(￿KPW￿knI b 136,8451 12.OTI.8481 1270,8381 12.385.53XI 2.050.302 Gposs tpansfeps b8tWgBn funds 1141,5941 L74,221 132,62n IA78,4391 11,903,627) 1203,4Q51 12,386,531) 2,050,302 Furmj b81an¢es at l Appil 2020 2.524.898 L8.878.982 4.918,078 28.319.958 24,289.858 Fund Irt Au&u•t 20 2W,469 18,973,355 2a,934,427 26,219,958 The peBults above niBtepi&lly impacted by 8xp8ndituTY which is on&off in nBtup&. The tEble bBlow thepefope splits thsse it8ms out to show the urKleplwng opEpationgl income BrKI exp￿dItU￿E. Expenditupe pslated to the P8PBiP of the poof and bell towep is c8t8goThzed undep C8ntP8 Roof ￿paI￿. Tot Income Expenditupe and IoBses 5,967,980 18,37B,B801 5,967,980 18.352,5111 11.974,8311 I￿0,800) 11,974,831) 12,385,531) 27

Greenhouse Sports Limited Balance Sheet As at 31 August 2023 Company Registration No. 04600790 31 Aug 21Y3 31 Aug2023 31 Aug 2022 31 Aug 2022 Nots Fixed T£ngible assets Investtnents 12 13,929.870 7.796,079 L4,I58,L55 7,720,263 Debtops 3,638,716 1.176.605 2,303,560 2,488,626 Cash at bank £rKI in hand Totsi Cupptrrt ÈÈ$8t$ 4,815,321 5,700,176 11,203,539) 1969,1671 13,120,116) 12,7e5,0001 Nat wryient aS88ts 2.058.009 22,2X8.8I5 23.934.427 F￿￿¥ 17 cent[￿ - GEn8p81 26,000 2.438,12 75.92 25,000 4,407,426 182,187 C￿tr￿ 8ustainability Fund Opepational 2,$39,047 Urvwtrtiul knd9 -DewKn*ed contr￿ Fixed Asset 13.741,801 2.000,000 834,936 88,268 14,001,399 2,000,000 815,200 156,756 8tPBtegic Gpowth Fund C￿tr￿ sustainability Fund Othep FIX￿ Assets 2.912,763 2,348,459 19,677,568 19,319,814 T4)td FuTr)d6 22,2X8.8I5 23.934.427 The Bccount5 wepe 8pppovgd by th8 Trvstees on 29, Febpuary 2C124. A S Low6fltha/ Luke Ellis ArKlrwi Lowenthal Ch•Thn 28

Greenhouse Sports Limited Statement of Cash Flows for the year ended 31 August 2023 12 Months ai Aug 2023 J2 ai Aug 2023 12 Months 21 Map 2022 12 Months 31 Mar 2022 Cash g2nep£ted fTX)m opepations 11,A79,4001 440,969 Purthase of tangible fixed 8ssets Pur¢hase of investments Sale of invsstments 1148.3361 1174,2211 11,282,808) L,504,505 399,917 404.945 Intepest re￿￿Ved 658,527 438,795 1520,8731 879.784 Cash and cash equivalents 8t beginning of 4377,608 3,4Q7,744 a,856,￿6 4,377,508 Cash at bank 2nd in hand 1.176.605 2.680.030 2,486,626 .890,882 Cash held within investments (Note 181 3,856.&96 4,377,508 ArgiB of ohweB ￿ nBt debt Greenhouses Sports currently h8ve no bopnowings and only hold oash and cash ￿U1v81￿t8 as disclos￿ 8bove. 29

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 A(JcO￿tIng polde8 Charftylrtforniatlon Greenhouse Spopts Limited is 8 Pnivate comp8ny limit￿ by guarantee inconpopated in England and Wales. The [Egiste￿d office Is $5 Qosway st[￿t, London, NWI SN8. ACCo￿tIng wnv8ntlon These ¥¢count8 have been pwpaned in aocondanoe With FRS 102"The Financlal Reponting st8nd8nd 8pplicable in the UK and Republic of Ipeland" I"FR8 102'1."Accounting and Aepopting by Chapities" rhe St2tement of otnm8rKIEd Ppactic& fop chspities applying FR8 102 effective l J£nusry 2019, the ComFYanies Act 200e and UK C￿e￿allY A¢cepted Accounting Pnactice. The ch8Pity IS 8 PU￿1¢ Benefit Entity 88 defirt￿ by FRS 102. The accounts prepBr￿d in 5tepling, which is th8 funBtion21 cuppency of thB chBpity. Monet£ry amounts in these financial st8tErnents poundsd to the neapest £. Th8 accounts have be8n wepaped on the histopical cost conv8ntion. The ppincipal accounting policies ￿dopt￿ ape set out bdow. Qolngoonoem At the time of appTroving the accounts. the Tnustees have8 re8son8ble expe¢t¥tion that the ch8fYty has adou8te pesour￿es to continue in opepBtionsl existence fop thEt fop6se88ble futupe. Thus, thEt Tpuste6s continue to a(k)pt the going conBepn bgsis of accounting in ￿panIng thB accounts. Challtab￿fund￿ Ljnpestpicted funds ape Bv8il£ble fop use att￿ discpetion of the TpusteBS infurthepsm8 of th& chspitable obJ"￿tiVeS unless th8 funds have been designat￿ fop othep puppos6S. R6Stpicted furKls 8t* Subl￿t to speBific corKI￿on5 by donops as to how th8y may bB US￿1. Thg pupposes and u58S of the PBStpicted funds 68t out in the notes to the BC(x)unts. IrKome Income is pecognised when th8 chBpity is16g8lly entitl￿ to it £ftep any conditions hB ve be8n met, the Bmounts can be [ne£Sup￿ pelisbly, and it is ppobable th2t incom8 wll be peceiv8d. Govepnrnent gpants BP8 r￿oIn1$￿ on 8 pertopm¥n¢e modd tssis Cash donations £pe r￿cOgnIsed on r￿￿Pt. Othep donations £pe r￿cognIsed once the chapity has bBen notified of the donBtion unless PBrfopmance conditions ￿￿ul￿e d8f8pp£l of the amount. Income tax pecovep£bl8 in r￿l￿tiOn to donBtions ￿CeIV￿￿ urKIEp GiftAid op d8Bds of covenant is PoBognised atthe tirne of the donstion. Lsgacies ape rwognis￿l on rw8ipt op othEpwise trthe chapity hss bE£n notthi￿1 of an itnperKling distpibution, th8 8mount is known, and neceipt is expect￿. If the amount is not known, the lega¢y is tTre8ted as ¥ contingent asset. The valueof donated sepvic6s £fKI gifts in kind ￿CognIsed at thErfp OPBn rnBr4(et vBluB in the pepiod in which they 8re re¢eiv8ble ¥8 incoming resourtes, wPtne the berEfit to the ¢h8Trity ¢8n be pdiably measuTred An uivalent Btnount is included as experxlitupe undep the pelevant heading In th8 statetnent of financial gctivities. ExperKltupe Expenditure is necognised on 8n 8¢cpu¥ls basis, inclusive of value added tax Costs of naising funds 8ne those costs incurr￿1 in 2ttp£cting voluntapy income, in PBrticulBP gpant funding and the costs of tnaintaining the chapity's ppofile in thEt sectop. ExpBndirupe pelating to Sports ppogpammes 8P8 those dements of ￿￿p￿dItUPE dipeBtIy incunrtd in perfoTrming these 8Ctiyities. GovernBnce costs include thos8 costs inBupped in the govepnanc8 of the chspity's £ss8ts HrKI aPB Ppitnapily 8ss0¢iated with Constitutional 8nd Statutony wuirements TangitAeflx8d a88ets Tangible fix8d Bssets ape initially mgasuped at cost and subse4usntly m88Bumd at ￿st OPVBluation, nBt of ep￿￿1$t10rn and any imp8iTrment losses. DEppsciBtion is peBognIS￿ so agto wpite off the cost op valuation of asset5 lesg theip r￿Id￿£1 v£lues ovgp thBiP Llseful liv8s on the followrÉ bas&. L88sehDld buildings & itnppovetnents FixtupeB. fittings & equiprnent Ovep the r￿MaIning 8xtsrKl8d pgpiod ofthe lesse 33% stpaight linB DEppsciBtion is chapged fmm the datEt of acquisition. The gain op loss apising on the disFx>sal of an asset is d8teptnin8d £sthe differ￿nce between th& sale ppoce8ds and thg c2prying value of rh8 asset arKI is peDognised in net inc0mellexptr￿irvne) foDthe yean 30

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 A(Jcountlng polde8 Icontbrn8d) lnya1rn￿nt of flxed 8888ts At each reportinE e￿ d¥te, the ch8Pity reviews tPt canrying 8mounts of its tangible and intangible assets to d&teptnin8 wheth8p thBPg is any indication that those assets have suffeTEd impaipment loss. If Bny such irKlication xists, the pscovep2ble amount of the Bsset IS Estitnated in opdep to det8pmine th& extent of the irnpaiptnent loss I nyl. ￿￿0ven￿ble amount IS the highep of faip value less costg to sdl Bnd value in us&. In assessing value In us8, the 8stimated fLrtupe cash flows ape discount￿ tothBiP pp&ent value using B PPEt-tBx discount pat8that peflects cuppent mapket SS56SStnents of th8 time value of money and ths PiBks specific tothe £sset fopwhich the estimates of futupe cash flows have not been adjusted. the neoovenable 8mount of an asset is estlmated to be less th8n its C8nrying &mou)t. the carrying 8mount of the Bsset Is t￿luced to its ￿￿0Ve￿ablE Bmount. An itnp£ipment loss is pecognised imtn8diat8ly in incomqllexpenditupel fop the yeap. unless the pelevant asset is 2t a pevaluE￿ amount, in which CBse the ItnpBipm8nt IOBS IS trwted 8$ a rev8lu8tion de¢ne8se. Tr￿gnIS￿ imp2ipm&it Ioss95 pevEpsed if. and only if. the pesgons fopthe impaimiEnt loss h8vece8sed t08p￿y. WhBpe an impaipment Ioss subsequBndy pevepsss, thB cappying Btnount of the asset is incpeased to thB pevised estimate of its peBovepable atnount. bLrt sothat rhe IncrwS￿l cappying Btnount does not exceed the CBprying £mount that would h£ve been detepmined had rK> impaipment loss been rwOgniS￿ fop ths asset in pThop ye2ps. A pevepsal of an impaiptnent loss is pEcogni58d imm￿lately, unless the pslevsnt ssset is CBppied in at s ￿valu￿￿ amount, In which CB68 the pevepsBI of th8 irnPSiPtnent 1059 IB t￿ated as 8 rwaluation inBpeBs8. Investments apEt 8 fopm of b95ic financial instrvFn8nt and initiElly peCogni5￿ at thBiP tpanssctiorTr value and subsEqUEntly measuped at th￿p faip value Bs at the balance sh8&r date using the closing q￿t￿l tnBpket ppice. Any change in fBip v2lu8 will bB pecognIs￿ inthe ststement of financial 2ctivities. Investrnent gains and losses, whethe pealised op unp8slised, combined 2rKI shown in the heading "Net gBin*lk>ssesl on Investtnents" inthe sr8tErnent of fin£ncial Bctivities. Th8 chaprty does rK>t 8cquipe put options, d8PlV8tives op othep cornpl￿￿ finBnBi21 instpuments. Cash and cash eq￿Va￿ts Cash and cash 8quivalents include cash in h8nd, dEPOSits hBld atcall with bBnks, othep skK)rt-tepm liquid investmsntB ith opiginal tn8tupiti6s of thpeB months oplgss, and bank ovepdpafts. B8nk Ov￿¥1￿8ftS aposhown within bD￿m￿ng5 in cupp8nt liabilities. 1.10 FSn9ncagllnstp￿Wtt$ The chapity has elected to apply the ppovisions of g￿tIOn 'B8sic Financial Instpum8nts' BrKI g￿tIOn 'Othep Financial Iristpuments Issues, of FR8 102 to all of its financial instrvments. FinBnciBI Instputnents pecognised in the chapity's balance when th& chapity becomes Papty to the contpactual ppovisions of the instpument. Financial 8ss8ts and liabilitisg offset, wth thB net amounts ppes8nted in the financial ststernents, when thep8 is a legalty enFopceBble pight ro set off th8 rwOgniS￿ amounts HrKI thBpe is an intention to settle on a net b£sis op to nealise the asset8nd settle the li8bility Simultaneously. B8sIGfln8nolBl88s8ts B¥si¢ fin8n¢i¥l assets, which include debtOn$ 8nd ¢a8h and b8nk bal8nces, are initially mea$uTred 8ttTr¥ns8ction price including rpgnsaction costs and subsequently csppied £t Bmoptised cost Using the sff8Ctive intepest tnethod Ljnless the BppBngetnent constitutes afinBncing tpansaction. Wher￿ thetpansaction is measurEd at th8 PP8sent VBlue of the futupe P8ceipts discount￿ £t B rnBr4(et PBte of intwest. FinBnciBI 8588tB classrf1￿ as peBErfvable within one ape not amoptised. B8slofln8nolBIAFablltleB B8si¢ fin8r¢i¥l liabilities including creditOn$ 8re initi8lly re¢ognised at tTr8nsa¢tion pnice unless the annarngem￿t constitutes a financing tpansaction, wh8pe th8 debt instpum8nt Is messutEd at the PTEsent valu& of the futupg peceipts discourted at a mapket pate of intepgst. Financial liabiliti85 clBssrfied as payBble within one yeEp ar￿ not Btnoprised. Da)t instpum8nts subsequently cBrvied at amopt18￿ cost, Using thEt effectlV8 intetEst pat8 method.

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 A(Jcountlng polde8 Icontbrn8d) Tpade cp8ditOPs obligBthons to pBy fop goods op sepvices thBt have been acquir￿1 in thB orYlinBpy coup88 of opepations fpom suppli8ps. Atnounts pByable Bpe clas5ifi8d as cupp8nr li2bilities if payment Is within om yeap op ss. If not, they ap8 ppesented as non£uppent liabilities. fpade cpeditops pecognised Initially attpansaction ppice 8nd SubS￿u8ntIY [ne£SUp￿ at 2rnoptised co* using the &ffectiv8 intepest tnethod. Dwwnltlon of flnancl8llablltl88 Financial liaknliti05 ape dBPgBogni58d wh8n the chapity's cortpBctual obligations 8xpipe op disch2pged op cancelled. Enyk>y88 b8neflts The cost of any unused holiday entitl8m8nt is PEwgnlSE￿ in the pepiod in which the 8rnployeg's sepvices Bpe ￿￿[￿1Ved. Tspmination bBnefits peBOgnl5￿ irntnediately BS an expense the chapity is demonstpably comtnitted to tepmin8te th8 etnplOym￿t of snemployee op to ppovid& teprnination b8nefits. Payments to defined contpibution petipgmEnt bengfit schemes BP8 ch8￿g￿ 85 an expense as they fall du8. Cw4tlcal accowrtlng 88tlrrntss andJudgem8nts In th& applic£tion of the chapity's Bccounting policies, the Tpusrees ape pequiped to makejudgements, estimates and 85sumptions about the cappwng amount of assets and IiBknliti8s that ape not rwdily appapent fpom othep soutres. The Sstitn8t￿ arKI associated BSSUtnptions ape based on histopicsl expepience and othBP fBctops th8t corisidepsd to be ￿levaNt. Actual pesults tMBydrffep fpotn thes& estimBtes. The TNJsto85 hBve 2ssurned th£t the costs of the GpegnhouB8 Centpe 18Bs8trK>ld building grKI irnppovements should be depTreciated over the remaining extended pepiod of the le8se. The cunrent le¥se runs until 7 ApThl 2082 is 8 clause in the lease agpeBment which allows th& ch£pity to extend th& leBse fop £nothep 57 ye£ps frY>tn 8 Appil 2082 to 7 Appil 2139. tt is cuppently the TpusteBS' Intention to exrend the l&ase onthis baBlg, afKI so depp8BiBtion hBS bsen changed ovep 125 years with 118 yeans pem8ining 8s8t the end of Sl August 2023. In d8tepmining thB cappying v£lue of th8 leBsehold building and imppovetnents, the TpusteEs hav8 ￿E￿ogniS￿ Bn imp8ipment Change of 2m 12022. I.6ml fop the leasekold building. These aTre Trepont￿ within notes S & 12. Th¥ v£lue of the PPOPBPty B9 at th& end of 21 August 2023was r￿lUCed because of this chapge. We have 8150 pscognissd a pmvision totalling 23.lm 12021. £2.6tMI fop th8 poof pep£ip ppoject within note 16. Howevep. asth8se costs will be incupped in the financi21 yeap 2023-24, they have b￿￿ included within ppepByrnEnts. The ppovision and ppepaymgnt will b8 r￿lessed BS and when the pepaip costs 8P8 in(xJrYth BrKI pgid. The estimates and underlying 8ssumptions anefteV1ew￿ on8nongoing basis Revisions to 8c¢ounting estimates 8ne pscognissd in th8 peThod in which the estimate is pevisEd the pevision affects only that pepiod, op inth8 pepiod of the pevision Bnd futupe pepiods Wher￿ the [￿vIsion affscts tx>th cuppent srKI futupe pepiods

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 Tot Tor81 12 MDrrthB L2 Months ai Aug 2023 31 Aug 2022 The Gpeenhouge Centp 49,302 3,100,164 77,362 2,965,260 Opepational Govepnment gp8nt-Job Ret￿10￿ &chem8 3.149,466 3.042,612 g¢)od8 wd8Wi The chapity ￿e1Ved the benefit of vBpious gifts in kirKI duping the yeHp, in the fopm of SPOTrts facilities and SFX)rts k￿. These contpibute £40,00012022.. R20,L801 to incotne arKI ￿Xpenditu￿e. Tot Total 12 MDrrthB ai Aug 2023 2 Months 31 AUE 2022 IntepnBI fundp8ising activ￿85 Extepn81 sponsopship events L,3I9,677 L78,934 514,895 .416,086 L.498,61 Tot 12 MDrrthB 31 Aug 2023 Total 12 Months 81 Aug 2022 Intenest neceivable Investment Income 28.838 378,107 8.939 337,175 404,945 34L,1I4

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 ASIB￿a fundB Tot Total 12 MDrrthB Months ai Aug 2023 31 Aug Staff Costs Fundpaising 8v8nts Othep fundpaising cost5 581.319 392,424 43.334 501.051 L72,898 71,678 1.017,077 745,827 Tot 12 14**rrth8 ai Aug 2023 Total 12 Months 31 Aug 2022 Staff costs DeppeBiStion srKI impgipm8nt Cha Tht2ble expenditup 3,273,73 44,169 637,961 2,835,540 L47,281 624,703 4056,85 2,407,524 8h8pg ofsuppopt costs (see nore 91 8h8pe of govepnance costs158B note gi ,140,608 66,8 972,950 52,349 5,263,272 4,432,823 AnBly￿S byknd LJnP￿tpICt8d funds - genep81 Unpestn1ct￿ funds-designated RBstpicted funds 2,182,319 215.120 2.865,833 2,956,880 200.835 L,275,328 5.263,272 4.432,823 34

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 Tot 2 MDrrthg 31 Au42023 Total 2 Months 81 Aug 2022 Roof pep81￿ costs incUp￿d Impaipment Chapge-SeB fixed assets INote 121 1.224,702 69,600 389.831 L.585,000 .3B4,202 L.974,63 pport QOBt8 Tot 2 NSJnthB ai Au%2023 pport BoBiB of qlknc4tsn Staff costs Dep￿￿latIOn Ppogpatnmes insupanB8 ¢osts Accountancy Legal & pmf6Ssion81 Othep suppont costs Audit fees Othep govepnanc8 Costs 742.919 71,230 39,486 71.095 LS,989 4,472 195.457 31,050 773,969 7I,2ao 39,4e6 71.095 6,969 3,299 195.457 26,390 Titne and p8soupce Titne and p8SOUPC2 8pecific costs Time and resour¢e Loo% Specific COBts Time and fttsour¢e 8,827 26,390 546 loo% loo% L,140,608 86,813 1,207,42 Analysod bBtween.' Ch8pita￿e £ctiviti6S L,140,608 86,813 ,207,42 Tot 2 MJnthB ai Aug 2022 pport BoBiB of qlknc4tsn staff ¢osts Depr￿latIOn Ppogpatnmes insupanB8 ¢osts AccoLJntBncy Legal & ppof6Ssion81 Othep support costs Audit fees Othep govepnanc8 Costs 857.828 52,789 38,682 77.874 L2,929 24.589 682.397 52,769 38,682 77.874 3,929 8.891 130.838 9,3eo 561 Time and fttsour¢e Titne and pesoupce 8pecific costs Time and ftesour¢e Loo% Specific costs Time and resour¢e 7,859 30.836 L9,380 56 loo% loo% 972,950 52,349 ,025,299 Analysgd b8tween'. Ch8pita￿e activiti95 972,950 52,349 ,026,299

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 io NorE ofthe Trustees lon anypensons ¢onn￿￿ wth theml wceIV￿ 8ry ￿n)un￿tIon on benefits fpom tPt ohanity duping th8 yeap. No Tpustees wepe peimbupged fopexpBnses duping the yeBP12022.. NonBI. E￿￿0y￿e￿ NLvnbBP of ￿n￿oya0& The gvepaE& nutnbep of employees duping the pepiod was.. 2023 NLvnbBP Numbep TotBI nurnbgp of 8rnployo8S L05 Employmont ODBt8 Tot Total 12 Months 31 Aug 2022 31 Aug 2023 Wages and spl8pi85 Social secupty costs Othep staff costs Othw pension oosts a.￿9,$92 408,970 38,382 95.084 2.235,376 329.297 L44,285 80,865 4,QIO.308 2,799,723 Included in wages ErKI sHl8pi8s above R27B79 fop pedurKlsncy costs 12022.. Rnio The numbep of ￿￿oyEeS whos& petnunepBtion w£s R60,000 op mope w8pe'. 2023 Nwnb month 2022 Numbe L2 month £eo.000 - £e9,999 R70,000 - R79.999 LIO,000 - 119,999 L20.000 - 129.999 The total cost of employing the Seniop LeBdepship Tesrn 18LTI as descpib8d in the TpusteBs' ReFX>Pt duping th yeap w85 £591,987 12022.. 2546,6581. This figup8 includes s8l£py, employep's national insupance, employep's nsion contpibutions. aswell ss Bny bonugeB op pedundancy payments made. Thepe has be8n no incpoase in the nurnbep of 8LT membBPS duping the yeap.

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 12 LogBehold Fixtur4B, fittings pmwrt Tot At 1 8eptemb8p 2022 Additions Disposals At August 2023 16,498,991 83,439 ee5.565 2.898 154.4551 724,006 17.164,SS 148.335 164,4561 7.2Se.436 6,522,420 At I Septembep 2022 Deppeci2rion Cha￿g￿l In the PBpiod Eliminated in Trespect of dispo8818 Impsiptnents At 31 August 2023 2,497,S92 L32,737 508,809 Bl,383 4.459 3.006,40 154,4551 169,600 3.326,56 LSg.500 2,790.829 535,737 At Augugt 20¥4 3.741,801 88.269 3.929,870 At 81 August 2022 4,00￿,399 156,758 4,158,155 'Lea8ehold buildings & impnovements, repnesent the Gwhou8e Centne The ¢upnent lease puns until 7 ApDil 2082. Thepe is £ claus8 in ttie lease £g￿￿mEnt which £llows the chapity to extend th8 lease fop £not￿Tr 57 yesps fporn 8 Appil 2082 to 7 Appil 2129. Ir is cuppently th& Tpustees. intention to extend the le858 on this b£sis. DEppeciBtion has thenefone been chapg&Y on leasthola buildings oven yeaps. with 118yeans nemaining. Due to the e£ntpe poof pepaip and ths mlated costs, rh8 lessehold buildings grKI irnppovErnents includ8 an imp8inment change of £0.2m 12022.. £1.6ml. This ¢haTrge vwll be nevensed once the nepaip wonks apecompleted

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 A8Et AsBt ai Augu8t 2023 31 August 2022 Fsip value as at I Septetnbep 2022 Addition5 Disposals Net g8insll10956sI on inv6stments 5,829,88 7,301,713 L,232,603 11.504,5051 11.200,4201 5.829.881 1399,9171 1314.4151 5.115.048 Cash hdd vrithin investments 2.QBO.030 L,890,882 vthe SB gt 8IAu#u&t 2023 7,796,079 7,720,283 Coppopate bonds Cash .IAS,048 2.680,030 5,829,380 L,890,882 Sh8￿5 DebtOP8 ABEt al AuguBt 2023 AsBt 31 August 2022 Arnounts Y4ithn one yeEr: Tpade debtops 313,754 215.07 3,107.047 380,320 222.448 2,899,23 558 Accrued Incorn8 Ppepaytnents Othw Debtops a,G38.7I6 2,202,560 Accpued i￿0￿@ inclLKles donBtions corntnitted but not 8B at 31 August 2023of &È2,58812022.. $55,825) PTEpayrnents includes thB expected poof r￿paI￿S ppovision fop R3.Om12022.. £2.8ml. 3B

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 A8Et A9Bt 31 Au¥u8t 2023 81 August Othep taxation and socigl SE￿I￿lty Tpade cpeditops 100.202 353.939 91,626 52.710 Ac¢nu81s Sr￿ othen eneditor Defwped Incotne 205.897 543.70 76.284 748,597 1.203.539 9e9.187 NoTrpubliD oome Tot 2023 bodiBB At 1 8eptembBP 2022 Releassd in ygap D8fepped in yea 748,597 1748,5971 543,70 748,597 1748.5971 543,701 At August 2023 543.701 543,70 NQTrwb￿D oome Tot 2022 bodiBB At l &eptembep 202 Releassd in Defenwd in yean 5,713 15,7121 542,99 1542,9911 748.597 548,704 1548,7041 748.597 At 31 August 2022 748,597 748,597 D8fepp8d income includ6S POtentiBlly pefundable inB0rn2 pec8ived fop flrtur￿ events that to b8 hdd in the n8xt financial yeap 12023-241. m£In￿ Includes RO.4m fop ThB Dodgeball fundpaising event and kD.2m on futupe yea on8tions The ¢hanity is not entitled to fteoognise this as irtome fop the cunrent financial yean12022-281. A8Et AsBt 31 Au# 2023 31 Aug 2022 At L SePternb￿ 2022 Ppovision made duping the yeap Pnovision used duping the yean 2,766,000 1.220,000 18848841 L65,000 2,800,000 At August 2023 3.120.116 2.765.000 The poof pepaip5 pN>vision is to be T￿88￿8d BS Costs get inCupr￿1 duping thg next financial yeBP 1202&241.

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 l•SJvwnuft in FLndB R08tpiot•dfw Net ISeptomE alAug￿t Centpe SuSr￿n￿b1l1ty Fur eentre- FlepBIp Cerntre- General 4.407.426 25,( 2(B.284 11.JB4,2(Y21 1618.1301 117e.%21 ci)Bp8tKThI 8pont Englbnd Centre-OpepatlonB Table Tennis Tenni8 Basketball SEN V&l8yball Cricket PpiTDapy 8choolB Tpainlng Msnagement Youth Council Other Operational 59,421 È9è.440 271.￿5 794.188 1844.112 129è.440 1319.7381 I834.￿) 1119.1081 136.3811 122.BOOI 1898.9461 584.691 42,133 116.196 36,381 È2,5 875.088 5.085 23,858 15,0851 132.6451 4614,819 2,229.745 14090.535) (SW4} 1178352) 2,53¥,047 Centpe Fix£d A8S£ts 8tpategi¢ Gp(wth Fund Centp£ Susr￿n￿bIlity Fur othep Fixed A8Set5 14,001,399 È.￿0.( 815,2 156,756 I2￿.￿a7) 33,439 1474WI 125,032 1105.297) ￿34,￿5 IBI.3831 112, Total Dtsl8Tr*t¢d FuMIè (S74,8201 11053 enepal Unf£Btpict fund8 484446 4906P77 (84gBWBI (lo7,￿ Totsl Fwx 40

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 Net BqlarrA at alAug￿t I Sekombop Centpe SuSr￿n￿b1l1ty Fur eentre- FlepBIp Cerntre- General 4.761.492 50, 188.472 134,721 125.(MX)I 1677RSDI 4407,426 ci)Bp8tKThI Sport England Centre-Opep&tlonB Table Tennis Tenni8 Basketball SEN 166.867 7T,362 È81.34L 181.620 B52.547 119.23ts 43,178 12,5 111.917 17,827 16,8 116e.&7) ITI.3821 15,4T7 1139.487) 1792.8811 1138.8121 143.1781 112.Booi I￿8.￿9) 56,530 19,579 ttricket PpiTDapy 8choolB Tpainlng Managern£nt Youth Council Other Operational 15,( 122,827) 116.6901 È.2È8 4918,078 2,071￿ (SW71 18773591 4614,819 Centpe Fix£d A8S£t8 Stpategic Gp(wth Fund CentpeSusrarkibilityFurKI Other ￿xe¢j A35et$ 15,720.0&1 È,(￿0,0 1,107,213 49,678 11.718,•21 112.598 1404.6111 ia7.1431 174.2È1 Total Dtsl8Trt¢d FuMIè 18m,982 IA2m8 174921 enepal Unf£Btpict fund8 45248gB 47B4Wd (8,7042871 I￿,584) li￿,￿60) 484446 Totsl Fwx 1 24934827

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 The 'cent￿ - Gen8p81' fund pEppesents funds p£is8d fop use by the chapity eithep to purrhas8 and psfupbish th8 Gpe8nhouse Centpe op covep opepatioml costs pel2ting to the Cenrpe. The 'Centpe gustainability Fund, is a new estnicted fund est*￿18h￿ with the int￿tIon of genenating income to help support the ongoing punning ¢osts of the Centr￿, peducing the burylen on the annual fundpaising pequipement. and con58quEntly enabling the chspity to opep£te tnop8 SUStBinBbly. The 'Centpe- TVIP, fund peppesents funds paised fop the pepaip of th8 C￿nt￿[l belltowep 8nd roof Opep£tion818xperKlitup& is funded in B rKJtnbep of diff8mnt ways,. fop example, 50mg dorK)PS P85tpict a don8tion to Sp￿rflo prY>gpammes by spopt op g￿g￿￿phiegl apea. Donops also furKJ the tnan8g8rnent syst8ms of th8 chapity 8nd the apppenticeship tpaining ppogp£mme. Th8 funds fpotn these donations have been gpouped by thBiP main cgtegopies Bbov8, though they tpacked individually againstthe sepapatEt ppogpHrnmes ttrw fund. The funds of th8 ch2pity include rhe following designated funds which hBve b8Bn set aside out of unpeStpict￿ funds by the Tnustees fop $p8cifio pupposes. Thg C£ntpg sndOth8n Fixe(l Assgts The capnwng net book v¥lue of the GTreenhouse Centne 8rd Oth￿ fixed assets, nespectivdy. These ane funds invested within fix￿1 assets and apg not peadily av8il£ble fop the chapity's ongoing opepationBI costs. Csntpg SustBinsbility Fund These funds set aside to genBP8te incom8 and th￿r￿f0￿@ subsidise futupe opepationHI costs of the Qpeenhous8 and to ensupe thatwe can d8livep oup ppogp8mrn8s on a 5UStain8blg basis. Stnategi¢ Growth Fijnd ThesEt funds set aside to subsidisEt fLrtum opffttionHI costs of Gmenhous8 Sport5 We stpategically to gpow oup ppogp£fflmes, within London arKI in othep UK pegions, HrKI to ensur￿ that we csn delivgp oup ppogp£mtnes in a sust8in8ble mannep fop ¥t least thnee yeaps in each school. The followng tPBnsfeps have beBn rnBde in the yeap betweBn funds.. Frnm entP8 Sust2inBbilty Fund IFlestpictEdl Centre SustsinBbilty Fund IFlestpictEdl Opepstional Tpaining IRestpictedl AmoLrt entPB - ID6signBtedl Ixe Bsset a C￿t￿o p8fupbishrnent. ating to t Qreenkouse Centne OpBpations {Restpict￿l 584.891 Tnansfen of funds to coven the opepational exp8rKlitupe of thEt centp8. GenBpal Unmstpict 5,085 Tpansfep of a gpant peceivEd tow£rYls the tpaining of coach85. Conditions fop psstrictions werE fulfilled once tho coaches und8ptook theip tpaining. enepa ssets sset Bdditions. Ixtup85 an LJnpsstpict8d FurKIs ID6signBtedl

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 Donops Blgo support the chapity achieving its obj8Ctives with funding wthout gny pestpiction. Every donation arKI small is hugely BpppeB1gt￿ by GpeBnFK>use Spopts. We p&pEct oup dorK>PS Thght to 8nonymity, bur the folloMryng hBve eithep asked op have given pBpmission ro be peBognis8d.. 31 GpoLJP PLC AB Capvgl Aviva Investor Blackstone Gpoup IntepnHtion81 Paptneps LLP ootmbepg LP Bluewatep BrY>wn Advisory Daily MBil Genepal Tpust D'Angelin Denwent London ING Bank Jamss Hambpo & PBrtnepg JP Morg8n Lswn Tennis Asgociation Onside LBW Psople's Postcode Lottepy Point72 Ppovidence Equity PBrtneps Èingep C£pit£l Mapkers 8nap 8weBty Betty Foundation Team Apchie The ChildtrK>od Trvst The Chpistophep Laing Foundation The Desmond Foundation The Maupice Hattep FoundBtion The NeUben$￿ Bepman Found8tion The Thompson Family Chapitable Tpust Tossed Tnoy Asset Man8gement Limited Young Westrninstep Foundation M&G Man Group Mapy Kinposs Ch2pit£ble Tpust Milton Damepd Tpust Gpe8nhouse 8popts is very gpateful fop the many g8nBPOUS donations fpotm oup suppoptWs. Th£nk you to 811 thB individuals Bnd companies fopthBiP SUPPOPt of GpeBnhouse spopts thpough oup fundpaising events. ofnot bthqen knds gt ￿ Augugt 2093 Tot FurKI bBl8nces at 31 August 2023 Br nepnesented by." TEngible assets Investtnents Net Cu￿nt asset41liabilitie61 L2,929,870 2,784,512 50,423 3.929,870 7.795,079 491.666 2,856,84 255,922 2,352,728 L85,221 2,912,783 16,7e4,805 2,539,047 18b A￿816 ofnet 888•ts bott¥0￿ 88 at 31A44u6t 2022 Tot Fund bBl8nces 8t 31 August 2022 Br FEppesentsd by.. TEngibl& assets Investments Net cuppent asset41liabilitie61 14,L58,I55 8.706.887 1891,1371 14158,166 7.720.285 2,056,007 694.580 L,851,899 8.819.388 L,295,245 2,346,459 L6,973,355 4,814,613 23,934,427

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 9a Revqrwe NoTrpubliD oome Engl￿d OpgrnationB 2023 DonBtionB and gpants IOpBpationBII Chapitable activities 3,149,486 L,290,657 L,416,086 404.945 3.149.466 1.290.867 1.416.086 404.946 Events incorn InveStm￿t8 Totsl inDomo Rsising funds Staff Costs 581,319 435,759 Othep FurKlp8ising Costs Ch8pit8ble •¢rivitiss 435,758 Staff Costs 8.273,78 144,159 627,96 1,140,608 3.273.731 144.159 637.96 .140.808 Depne¢iation Chapitable exp8nditupe Éuppopt Costs GovepnBnce Costs Othep lon￿ff costsl L,284,202 .3B4,202 Totd exp￿dI￿ 7,Q64.551 7.Q64,55 Net gain on investments 1314,4151 1314,4151 Not {ex￿dIture) IA.7A7.8I21 11.717,8121 44

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 9b Revqrwe NoTrpubliD oome Engl￿d OpgrnationB 2022 DonBtionB and gpants IOpBpationBII Chapitable activities 5,000 2,870,945 L,087.643 L,496,61 3.042,612 1.087.643 1.496.8AI Events incorn InveStm￿t8 Tt)t4 I￿oMe 188.867 5.788.313 5.967.980 Rsising fLJnds Staff Costs Le,44 484.802 501,05 244,578 Othep FurKlpaising Costs Chsnitrsble BctivitIss 244,578 Staff costs L20,894 5,000 2,509,846 L47,28 595.179 972.950 52.349 2.636.540 147,28 624,703 972.950 52.349 .974.631 DOpp￿latIon Chapitable exp8nditupe Support Costs GoveDn8n¢e Costs Othep lonEtroff costsl 29,524 L.974.e8 Tot4 Oxpwd 188.867 6.981.414 7.153.081 Net gain on investments IA.200,4301 11.200,4301 Not {ex￿dIture) 12.386,5311 12.386,5311 20 At the Treponting end d¥te the ch8Pity h8doutstanding commitments fon fufuw minimum lease paYM￿t8 unden Th) csncdlable opepating IEfises, which fBII due as follows.. 20 Within onB y8BP B8tween two and fivg y88PS 56,000 20,625 55,000 75,625 76,625 L20,825 Lease payments of £55.000 12022.. E55.0001 wene recognised 8$ an expense in the peniod. Opep8ting lea8¥ cornmitments rEpp8sent gpound pent onthe Gr￿nhOUse CentTE payable to the Diocesg of London. The gpound pent is due to bB pevigwed in DecembBP 2024.

Greenhouse Sports Limited Notes to the Financial Statements for the year ended 31 August 2023 Duping the pepiod, tnemb8ps of tho Boapd of Tpuste6s tnado donations, eithBp dir￿tlY op IndipE￿tly, atnounting to £24L.17712022". FAIL,9801. 2022 8upplus fop thg y8BP 11,7A7,8A21 12.385,5311 Adjustments fop.. Investment income LossBsllGBinsI on investrnents Loss on disFX)s81 of tangible fix￿ assets Depne¢iation Impaipment PPOViBion (S￿ Not8 121 14049451 314.416 L.200,430 215.120 169,600 200,835 L.585,000 Movernent in wopking captsl.. D8BpeBse in stock 5,587 12.823,77f 2.799.589 Incp885g in d8btops Incnease in cnediton8 1335.1881 589.488 11,i79,4001 440,969 At Sl August 2023, th8pe is a wntingent liability of £io.600,000 P022.. £I0,800,0001, which (x>uld becorn& du8 in th8 event th8t the building 8t Cosw8y Stpeet, the Gwenhouse Centpe. is sold The li¥bility is limited atthe 8mount of the n8t s£les ppoceeds ofthe building 2ftep disFx>sal costs 8t￿ dsducted. GpeBnFK>use 8popts cu￿r￿ntlY hBS no intentions to sell the GpeBnhouse CentP9. At August 2023.thepe isB new cspitsl corntnitmgnt of £0.8m12022.. Rnill, which pelBtg5 tothe pefurt)iBhm8nt of the Green￿)USe Centne Pl8nt 8nd M¥¢hineny.

greenhouse sports Changing young Ives pou the powep of spopt. Tel. [phone] Ernail. [e-mail] Web. www.greenhouseswrts.org Registered Charity No. 1098744 Compony Registrotion No. 46(K)790 (Englond and Woles)