Company No: OS853520 Charity No: 1119365 SPORTING EQUALS (A ¢ornpany Ilmlled by guarantee) REPORT AND FINANCIAL STATEMENTS 31 MARCH 2022 111 •A8JUS3SB* 2911212022 COMPANIES HOUSE A17 #326 SPORTING EQUALS CONTEKrs Legal and adminislralive irtformalÉon Directors, and Trustees. report 2-19 lThJependenl examiners. 20 Statement ol linancia activities 21 Balance sheet Stalement ol cash flows Noles to the financid statemenls 24-36 SPORTING EQUALS LEGAL AND ADMINISTRATIVE INFORMATION Regislgred Charity Name Sporting Equa Company number 05853520 Charily number 1119365 Trustees and th"iectors'. OensNJn White MBE Beverfey Mason Naz Deen Loiraine Deschamps MBE CraKJ Edmondson Urvasi Naidoo Yun Hiri Teoh Barbara Thompson Vanessa Wallaee ChTel Execulivg Arundeep KaThJ OBE Registered oir 01r￿e ICG. 18 Coventry University Technokjgy Park Pumaway Coventry CV1 2rr Bankers HS8C 46 Old Church Road Chinglord LorKJon E4 8DB Independent Examiners Prime Chartered Acc¢Juntants Corner Oak. l Homer Road Solihull B91 3QG Page I SPORTING EQUALS OIRECTORS. AND TRUSTEES. REPORT Year ended 31 March 2022 The directors and Inbslees have Fdeasure in presenting ttEir report and finarKial slalemenls for the year ended 31 March 2022. Obieclives and activities Sporting Equals is a national charity. which is at the loretront of championing ra¢e equality and promoting ethnic dNersity in swrt physical acts.vrty across the UK. We are experts in engaging ethnically diverse communilies into sport and phystal aclivily and advising sports bodies on race equality and community engagemeni. Our mission is to cieate healthier. fairer and stroryer communities through sport and physical activity. We in¢om. inlluence and Ins￿re in order to create a society in which ethnically diverse Communities can participate in ai¥J in1lL￿7ce all levels ol spJrt and physical aciTvity Ilrom grassroots to elrtel. SKM)rting Equals has three key otyectives". To raise awareness and understanding ol the needs of ethnic￿lY diverse communibes within the sport and physical activity sector to change attitudes and increase participalion. To empower individuals and communities to pLay a part in this change and achieve their lull tential through playing sport arsd being aclive. To advise and supF￿ poI￿yMakerS and delivery b(MI￿S to ensure wlicies and practices are fair and offer equality of opP)r￿nity. These Obl￿tIveS wll have been CoMp￿ted when: Ethnically dwerse communrties ean inlluence and partlcipate in all aspects of sport and physical aclimty. Ethnically diverse communities statislvlly are repfesenled al all levels across sport and physical activity The governors arKJ providers ol S￿)rt and physical activ¥ty recogni5e and value a fully integrated and inclusive society arKI race equality is at the heart of spx)rts governing bodies who reeognise, celebrate and implement ettective interventions lor increased involvement ol ethnically diverse ctsmmunibes across sport. Our work indudes.. Supporting organisations in becoming more incKJsive Promoting sport and healthier livir¥J to ethnically divefse communities Researching arKI building insight locally to devel¢Jp new innovative models ol particw)ation EmF)owering ethnically dtverse organisations lo deliver sport and physical actNity locally Promoting and delivering ihe widef benelirs ol swrt. Developing ethnically diverse prolessionJs io take up wsilions on national governing bodies of sport and other organisalions within swrt and physical aclivity sector Highlighting the inequalTrly across sport arKI physical activrty and developing projects lor change Five key values guide our work.. Energy. We are passionate and eommtlled. We inject vision and energy into projects, getting lully involved and going the exlra mile. Hornesly. We work with integrity. We are trusted by the communities and organisalions we work wth because we are honest. open and accountable. Equalrty. We believe in equality because lair societies and Ir￿lUsiVe organisalions are those where all can achieve their lull potential. Leadership. We are p￿neers. As the groun&breakers of our field. we set the agenda, raising standards and pushing the bwndaries in i*si practice. Creativity. We are agents ol change wilh ciealiviiy and flexibility, we delNer innovative. ettective solutions that make a real difference. Page 2 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT (continued} Year ended 31 March 2022 Sporting Equals. five key outcomes are: Increasing participation 2. Building cohesive communilies 3. Diversifying the sport sector 4. Improving health and lifestyle5 S. Growing talent al an elile level trom diverse communities SportirYJ Equals has a UnKJve reach into 5000 ethnrcally diverse organtsations that includes sports Clubs, faith centres and communitygroups. We work closely with SUFpliers and deliverers of Sporting opportunilies and ethnically diverse eustomers ol sporting opportunilies. We are the go-to organisation lor NGBS and sports organisations Irom community brokerage lo ￿ard vacaney services. We have stiong relationshps wilh Ihe media Imainstieam, ethnic and lailhl and a strong social media presence to achieve 5ignilicant reach and inlluence. We have a proven Irack record and slrong empathy wth ou¥ ambassath)rs as role M￿je1S lo inspire and inlluence from grassroots to elile ChaM￿On$. We have a sueeesslul record ol creaiing ￿Oneering projecis indudiNJ the Sporting Equals Race EqLaal%ty Charter, the British Ethnic Dweryty Swrts Awwds (the mosi diverse event in the sporb'ng calendar), Making Equals la Communrty Cohesion proiectl. Leade￿Oard Academy Ilhe first ever leadership programme lor board diversity In sport) the British Asians in Sport and Physical Activity 18ASPAI Network that was launched in November 2018 and the Sport Monitoring Advisory Panel that monitors Ihe work of swrts organisations in swrt participats'on ol blac1( communities in the UK. The first annual Race Representation Index IRRII Survey was distribLrted in October 2021, with the findings publicly shared in March 2022. The RAI comwes and grades ethnically diverse representation to na110n￿ Census figures in the Senior roles and elile sporting p051tions in Sport England funded NG8s. Ensurlng our work delivers public benelit Sporting Equals provides public benefit through ereaiing a society in which elhnieally diverse communities can participate and influence in all levels of sport and physical activrty - ¢￿aling heahhier, lairer and Sironger commun￿.&$ through sport and phys￿al activily. Our work lits around the following three policy areas.. Fairer comrnun1t￿S Aecognising that many elhnically diverse communilies a ur*Jerrepresented across levels in stM)rt and physical activity especially in talent pathways and decision-making posriions. in senior management. profe￿onal coaching, worklorce. leadership arKI elite sport. Healthier commL*nities - Recognising the role that physical aeiivtty a￿1 sport has syilhin p￿)11¢ healih - tied into evidence that some ethnically diverse grovps such as South Asian and Black communities have increased rates ol health eondr(ions. lor example. heart disease. hypertension and diabetes type 2 and low levels ol physical adiwty. Stronger communities - Recognising the Mder benelits of srKJrt and using sport lo tackle issues ol concern around community cohes40n and interlintra-raciavfaith conflict. In order to empower ethnically diverse ¢ommunrties and buikl strongercommunitses locally through the pgwer ol sport. SF4Jrting Equats reviews its missron, obj'ectives arKI ac&"vrties each year. We analyse our research and insight and review the resulls ol our work. arKI the benelits this has brought to ethnically diverse people in Ihe s￿rt and physical aclivily sector. In partrular. we continued working in five key cities Ihrough our Breaking BOu￿larieS and Equally Active projects in &"rmingham, Manchester, Barking & Dagenham. Slough and Bradlord building stronger and healthier communilies locally. Alongside this we launched the Back2Active Peloton Project, and 'GirlsPowered' Sweaty Betty project in 2021 to help engage more people into fun and i￿lUSive activities. Page 3 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT (continued) Year ended 31 March 2022 We have also ￿truited and developed KxolesyonJs to take up KX)silions in the boardrooms of sport to support better inteNentions to erYJage ethnic￿lY diverse eommunrties in sport and physical activity. This included a partnership with Zwift on a youth LeaderBoard initiative to help upskill and develop young peo￿e. Our SkN)rt Monitoring Advisory Panel consistsng ol Maggie Alphonsi MBE, Kadeena Cox MBE. Ama Agbeze MBE, Fiona May, Harley Hicks, Chris Ramsey MBE. Alexandra Wickham, Devon Malcolm. Rodney Hinds and Chaired by Densign Whire MBE with Professor Kewn Hylton and Artjn Kang OBE both as special advisor5 helps lo monitor sports organisattons in the PTogress they have made after many committed to more posrtive action to support the tjack communities at ￿1 levels in sport. The Sp)n Monitonng Advisory Panel oversaw the development and launch ol ihe inauguial Race Represenialion Index. Wrth regards lo publi¢ benefit. Srorting Equals, Trustees acknowledge Iheir duty in aCCordar￿e with the UK Charities Act 2011 and IcAlow the Charrty Commission's guidance on the operalion ol this public benefit. Ethnieally diverse eommunitses are underrepresented in 5POrt at all levels due to many reasons including soeial, economic. cuftural afNJ organisalional barriers for example syslemie racism. A key area lor us io l(Kvs on through influence and adVl￿aCY is on Ihe organisalional cuf(ure ol sports organisations and lad(ling the wlicies and PTocesses and unwritten practice5 that lead lo inequality across sport. Our Race Represenlatiort Index research in 2021 is allowing us to baseline National Governing Bodies prov￿1￿ an important insight into the smte ol the sector. Key statistics incltyje.. The 2011 Census dala suggest that Ihe ethn￿allY diverse F¥¥xJlalion is now aiound 20Vo of the England Wales wwlation which includes the while other groups. 12011 Census). Visibje rninorities rnake up 34.5% ol Ihe populaiion. The release ol the Census 2021 results in autumn 2022 Ispecilically for ethnically diverse community figures) 15 likely to show that the figures lor kyjlh the eihnically diverse pN4)ulat￿n and visible minorities are much higher than this. In some urban citi'es, elhnic*ly Oivefse FK)pulab"on is over ￿ and growing, lor example, Leicester 154.9%), Birmingham I46.￿1.1, Manthesler140.Tr/.l. London 155.1V•l is the most ethnically diverse area12011 Census). Similarly. Ihe Census 2021 results are likely lo show that the elhnically diverse rwJ1at￿n in C￿e$ has rwi kn￿her than the Census 203 1 figures. Ethnically diverse groups as a whole are more likely to report ill health, arKI experience il healh earlief Ihan while 8ritish people. Some health variations are linked to poverty and w¥Jer social inequalities, allhough there are a rarwje of inier-linked and overlapping laciors. Ethnicity and health (London. Padiamentary Office ol Science and Technology, 20071 The Covid-19 paThlemic has had a dispropy)rtionate impacl on ethnic minority communities, who have experienced higher inleuion and mortality rates than the white population. Geography. deprivation. occupation. INing arrangemenls and health conditions such as CVD and diabetes accounted lor a large Pfoponion. bul not all. ol the excess mortality risk ol Covid- 19 in eihnic minority groups. Covid-19 has reversed the prevM)us pcture lor some ethnic minority groups which now have higher overall mortality than ihe while populatyon. (The Kings Fund, September 2021. 'The heJth of rwle from ethnic minority groups in England. report). Analysis from Sport England estimates that the prorK)rtion reaching Ihe recommended level of phYs￿al aetivity reduced duriryJ the pandemic. The irnpact varied through the dtfferenl stages ol lockdown. but females saw a more sus¢wned drq) aThY the overall impact was greater in lower Sou0￿OnOMiC groups, and Black and Asian elhnic groups (Publi¢ Health Englarknj Health Proh"le lor England 20211. Duiing May 20121, reople from Black ethnic gioup5 who reported having a disabilily or long- term health ctyidrtion were the leasi active139.6Y.l. People from Asian (excluding Chinese) and Black ethnic group who reported having a disabilily or long-temi health condition were the mosr inaclive144%1 (Aclive LNes Ad￿1 Survey. May 20121). Page 4 SPORTING EQUALS DIRECTORS. AND TRUSTEES, REPOFIT Icontlnued) Year ended 31 March 2022 Broken down by ge￿Ier, Agan females lexduding Chinese) were the most inaclive138.5%1, lollowed by Black females 134.6%). (Aetive tsves Adult Survey. May 201211. Asian males (excluding Chinese) were also the fnost inaetive out of all male ethnic groups 136.7¥.1, followed by Black males131.3%1. In May 20121, by religious group. Muslims coniinued to be the least active gioup with only 42.8Vo ijoing at leasi 150 minutes ol activily a week. Ttu"s was a signrficant decrease in comparison to the previous 12 mOnths1-4.￿l. Signrficant decreases in physical activity also occurred among HinduS1-7.￿l and Sikhs1-6%1- (Active LNes Adutt Survey, May 20/21). The Ra￿ Representation IrKlex 2021 idenlilied that with an average overall D grade acr05S the sector. more can be done to increase ethnically diverse represenlalion in senior roles and elile sporting Positions in Sport Engla￿1 furKJed National Governing Bodies. leadership olile5 within sport lack diversity. The Race Representation Index 2021 IwrKI that average gr*s in exh uiterion were'c. for Board membership, 'E' lor Sentor ManagemenVLeadership Teams. 'E' lor Senior Coaching, and 'C' lor PlayergAlhleles. The Race Flepresenlalion Index 2021 found that no CEOS were reported as being from an elhnically diverse background. England has a sizeable 12 mi11K￿l non-British vthite population. many of whom experience p)orer heallh Ihan the white British- notably the Irish, bul also other ethnically diverse groups including Eastern EuroFeans, Gypsy and traveller communities and refugees. Among the speafic ethnic groups, Pakistani 131.1°Al and Bangladeshi119.3%1 pèople were mosl likely to live in the 10Yo most overall deprivecl ne￿h￿Urh0Ods. Pakistanis are over 3 limes as likely as white Brltish people lo live in the most deprived areas. IEnglffsh IOD 2019) Ethnically diverse group5 generally have worse health Ihan the overall FL)pulation, although some ethnically diverse groups lare much wjrse than others. patterns vary from one heallh condition 10 the next. Evidence suggests that the poorer 50cio-economic position ol ethnically diverse groups is the main lactty driwr#J ethnic heJlh inequalrlies. cience nd Technol Postnole People from Black eihnic groups were mosl likely lo be diagnosed with Covid-19. Death rate5 from Cowd-19 were highest among Black and Asian groups. Bangladeshi peO￿e had around twl¢e the risk of death than people ol While British ethnicity. People ol Chinese. Indian, Pakistani, Other Asian, Caribbean and Other Blaek ethn￿ltY had be￿n 10% -50% higher risk ol (Yeath when compaied lo White 8rth"sh. (PHE, 2020) 73.6Yo ol Black adults are 0verwe￿ht or obese. Obesity and being overweight among all other ethnic groups, except Wh¢te Brittsh. rs less than the national average. {PHE, 201W19) 52.5% 01 children and young peLwle from hKJh alfluent tamih.es participated in an average 0160 minutes or more ol physical acb.vity compared lo only 38.1 % Irom low affluent families. (Active Lives Children and Young People. 2019120) Obesity was lower among children in higher income household5. and hKJher in households wth wer incomes. Children who were overweighuobese were between 22% arLI 25•A in the highest three quintiles, compared with 32% in ihe S￿ond lowest and 37% 01 those in the lowest income quintile (NHS D￿1[al, Health Sutyey for En9land 2019) The 81ack African ethnic group had the hKJhesl prevalence of obesity in children age(14 to 5 years115.9%1 and the Black African. Black Caribbean and Bangladeshi ethnic groups had the highest p￿ValenCe in children aged 10 to 11 years (around 30Y.I (Public Heallh EnglandHeallh Profile lor England 2021). Closure ol schools. sporting and Iw"sure facilities, park lacilrties arKI recfeatronal areas. together bwth an increase in screen time over the pandemic pefiod have led to a reduction in physical activity in children and young people. Spon ENJland estimate that the impact has been greater on boys Ihan gids and on those from Black and Mixed ethnic groups (Public Health England Heallh Prolile for England 2021). All Spx)rting Equals core areas were less active1150+ mins a weekl than Ihe England average. Manchesler158.¥AI and Bradlord 160.8V.I were closesi lo the England average o160.WA. Inactivity levels were consKlerably higher in all S areas compared to the England average 127.5¥.1, particularly in Slough135.W.l and Barking and Dagenham137Y.I {Aclive Lives Adull Survey, May 20/21). Page 5 SPORnNG EQUALS DIRECTORS. ANO TRUSTEES. REPORT (continued) Year ended 31 March 2022 YouGov reseafch for Sky SwFts News showed that ethnic minoriiy loolba51 lans147%1 are more kely io encountei raclal atMJse direeted at players on social media compared to whrte lans 129 /.). fYouGov/Sky Survey Results.. Sample Size.. 516 eihnically diverse I¢￿tI￿lI lans (aged 18*) in 8rilian.' Fiethork." 51h . Iolh August 2021) The same YouGov research showed thai fans ol Pakistani and Bangladeshi heriiage are the most likely lo have been Ihe target ol raoal abuse when discussing lootball online 134Y.I, compared to ol black lans. and the same proportion of Indian ILN)tball lans {2￿￿1. Children ot I￿lIan elhnicty were S¥Jnrf￿an11Y less active overJl than all other ethnic groups (Millennium Cohort Siudy- 2012). Obesity in children is highest in Bangladeshi communikn.es (National Obesify Observatory 2011) Four in ten140%I ol ethnically diverse participants endure negative experience in sport or physical acts'vily setting, more than dout4e thal ol whrte participanis. ISbryQrt & Recreation Alliancej Research Irom Ihe Referees Asyxiatbon irKI￿leS that nol one of 72 referees on the 2018- 19 Naiional Lisi was Black w Asian. Of 162 Nalional List asgstant referees. only a smal handful were ethnicajly (Jwerse. (Relerees Assoualion) Segregatton belween the white 8ritish majority and minorities remains quile high minorib'es in many towns and cities, traditionally the areas ol settlement lor minorities. are beooming more isolated from white 8rilish people, (Casey Fleview) In year ending March 2021. Ihere V+ere 124.091 hate crimes recorded by the police in England and Wales. The majority of hate crime5 were racially moiNaled. accounting for around three- quarters ol such offenees174/.; 85.268 offencesl,. these types ot hate Cfime increased by 12 per cent between year ending March 2020 and year ending March 2021. (Home 01f￿e, Hate. crime. En9landand Wales, 2020 10 2021) WE ARE MAKING A DIFFERENCE THROUGH RESEARCH AND EDUCATION. INFLUENCE AND ADVOCACY, MARKETING AND COMMUNICATIONS, AND COMMUNITY EMPOWERMENT AND BROKERAGE. By conducting research with ethnically thverse oommunilies. we have been able io inlluence and advocate lor ehange. Through media arKI soual media. we have increased the knowledge ol Ihe sport sector and elhnically diverse wmmunities lo make a change. Research Strategy 202fy2023 This Research Strategy prowdes a framework to guide our insight and research work lor the next 3 years and contriixrtes lo Ihe implementation ol Sporting Equals 2020-23 Business Strategy. The slralegy builds on our knowledge and evidence gaps Mlentilied by previous research, stralegies ot partners. and a review ol our core projecls and activities. The strategy was updated In July 2022 to rellect the changes resulting Irom the start ol SFrting Equals arKI the opportunities lo engage btsth existing arKI new partners. Pulse Surveys On 13 August 2021, Sportir¥J Equals sent out a Pulse Survey titled 'Survey on Sporting Equals. Associate Members. feellngs towards South Asian representation In Team G8.. 54 Associate mbers had responded. Thefe is a general consensus among Swrting Equals, Associate Members who cater lo Soulh Asian service users who fesp)nded lo the sutvey that engagement wth, Page 8 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT Icontinuedl Year ended 31 March 2022 spectalorship ol. and parlicipation in elite ¥x>n by their South Asian service users would increase were there lo be a greater presence ol South Asian athletes in elite s￿rt. In February 2022. Sporting Equals senl oul a Pulse Survey litled 'Sporting Equals Banter Survey.. There were 102 resFonses in lolal. The survey soughi feedback Irom our community about SPOt1ing 'banlec' and the exlenl io which ihis may. or rrhay not. on occasions involve racism. 65Yo ol respondenis16611021 said ihat no, bantei, In sporting contexts is not always eonducred in a "funny and inoltensive way"). 83% 01 respondents 18511021 sa￿1 the right channels were not available lor individuals lo complain about Sporting tsnter. il rt has racist content. 78Y.18011021 respondents were not conlidenl Ihal comFAwnis made about 'banter' that indudes racism wll be dealt with seriously. Findings Irorn survey were used lo inform our work in anli-racism in the sp)n and physical activity sector. Marketlng and Communications Our Marketing arvj Communications work lor 2021-22 cemred on SUFPOrting our advocaey and influencing aetivity as well as showcasing talent and good practice when il comes to sport and physical a￿l￿ty and ethnically diverse communikne5. Key elements indude the following.. Race Representation Index - Sky SKx)rts and The Guardian features on the results of the Race Representarion lThJe¥. They led wrth headlines such as "UK s ov min bodEs lail t make rade in I ndmark race r rt" and illustrated ihe lack ol ethn￿ diversily in the boardrooms, senior leadership team5. p&d coaching and talenl pathways in Ihe sport sethor. Brltish Aslans in Sport and Physi￿1 Actlvlty {BASPA) - We conlinued lo lacilirale and adminlsler Ihi5 network and during South Asian Heritage Monih, we had a range ol aciivily going on, we commissioned a pulse suryey to invesiigate the lack ol representation in elite sport lor British Sotsth Asian communilies. namely focusing on the recent Olympic and Paralympic games, with a visK)n lo create a slalemenl based on the findings lo address Ihe issue ol Lbnderrepre5entalion. In a&Jithon to this we created and shared a BASPA.. This is Diversity video series highlighting the wealth ol diversity, expeflise and role mc#Jels within spon from British South Asian communities. While also kK)Sting our pulse survey findings we shared a statement on behalf ol BASPA highlightirrfJ ihe persistent issues and barriers Scwth Asians lace in Britain when Ir￿ing towards elile sport rep￿entatiOn. The latter statement perforrned very well. Sport Monilorlng and Advisory Panel ISMAPI - We conlinueij to drive this network to challenge the sport sector io ensure il keo it's commitment to do more on race eqLJalily as r their ple(Jges lollowng ￿ack Lives Maller protests. The pa￿1 helped io shape ihe Race Represenlation Index wlich a￿jrted goveming bcKlies in relalion to ihe areas described above. Raclsm In Sport- We ￿$0 created and shar￿1 statements on instar￿eS ol raeism in¢lu(ling a CEO 51atement rellectirNJ on the UEFA EUROS racism which ￿rforrned very well across social me(lia platforms. A CEO statement regarding the A2eem Ralp case against Yorkshire Couniy Cr￿￿et Club was also produced and disseminated sector WKJe. We hosted ar￿1 shared wtsly across xtials our Breaking Boundarles Profv¢t Impaci event. which was our lirst In-per50n exlernal event since the 2020 BEOSAS, the event was a huge 5ucces5 which saw growth in i)ur social media loilowir#J both lor Sporting Equals and the project BreakirvJ Boundaries. Race Equality Event - On Tuesday 29th March 2022 we delivered our second annual digiial state ol the sector seminal. Minisier lor Sky)n, Nigel HLJdthesion MP was a live speaker having arranged a prerecorded message of surport lor last year'5 event. Our 2 keynote speakers were Tim Hollingsworth. CEO of Swrt England and Geoff Th¢ympson. Page 9 SPORTING EQUALS DIRECTORS. AND TRUSTEES. HEPORT {contlnued} Year ended 31 March 2022 Deputy Chair ol Birmingham 2022 Commonweallh Gaffles. Other speakers included, Ama Agbeze MBE, who discussed Ihe molivations t*hind the RRI and provided a further update on Ihe work ol SMAP.. Yashmin Harun BEM, who provided an upjale on Ihe work ol the BASPA Advisory Board,. and our 2 esleemeo panelisis. Manisha Tailor MBE from QPR FC and lomef Ital]an Olympian Fiona May. Our Chief Execubve also provided an vpdale on the secloi. divu￿lng further inf0rna￿n on the contenis of Ihe RRI. Over 300 individuals rewesenting organisations from across the sector SMJned WJ to attend the event. We saw a great deal of conversation on ￿Cial media regardiro the event with many NGBS and key stakeholders hwJhlighling their preSe￿e at the event Ihrough our *SERaceEquaJityEvent2022 hashtag and tagging us into p)sts lo gwn promot￿ft on our social media plaiiorms. Community Empowerment and Brokerage Over the last year we have increased our reach further arKI now have over 400 Associate Members with over 200,000 service users at SportirvJ Equals. We work c￿SelY with them in suppx)fling them with funding. information and development through for example, workshop5 and training around governanee and finance. Our Associate members also help tor us io be inlorrned from the gr¢￿￿1 LAP to help us develop our models tor community engagement and sport participab.on but also influence local and national Fxslicy such as changing ihe temiinology. We have supKKJrted our Associate Members through granl distribution from SFQrt England Tackling Inequalities funding. We are ￿eaSed we have been able to deliver in person events again including LeaderBoard ￿adernY that develops tulure leaders in SF4NtI. Page 10 SPORTING EQUALS DIRECTOAS. AND TRUSTEES. REPOFIT l¢onlinuedl Year ended 31 March 2022 PROJECTS ANO EVENTS ACROSS 2021122 INCLUOED THE FOLLOWING: Equally Active We have continued ourwork on the Equally Active project funded bythe London Maralhon Charitable Trust, a pilot proiecl lo tackle low ethnically divefse part￿1patIOn in sport and physical activity by engaging with our largel audiences through their religiou5 beliefs arKI habits. We are working with 10 faith centres in Barking & Dagenham. s￿￿9h. Birmingham. Manchester and Bradlord and have provided SUPF(Jrt to enab￿ the to engage the WKler community into local opportunilies. QualiProjecls have been commssioned lo undertake an independenl arKI robust evaluation ol the project in order lo provide e￿de￿e ol the outcomes achTreved and to draw out r￿QMmendatIonS lor the ongoing development ol the project and Ihe impact it is mthng. The project was extended until July 2022 and auali Proiecls will CoThj￿1 its final phase evalualion in July 2022. England Hockey A pilot project England Hockey proied started in 2020 to help engage ethnically diverse people with the support 013 hockey clubs,. Waltham Forest Hockey Club. Plashet Hockey Club and Towel Harnlets Hockey Club. We have been working wilh the three dubs to creaie delivery plans in 2020. however due lo the pandemic. delivery was delayeo. and we will be moving to the linal wrap up phase and rep)rting in 2022. L TA Serves Sp)rting Eqijals have conti￿led lo delrver the LTA SERVES Programme in Manchester, Bradtord. Birmingham, Leicester, Barking & Dagenham and Slough in 2021. The project has helped to train local activators trom ihe community, and we supported a tolal 0132 SERVES Sites. However, due to a change ol direction and restructuring wthin the LTA this projecl e[￿ed in March 2022 and moved lo an internal part ol the LTA. Sporting Equals Charter The Sporting Equals Charter has been designed to 5UPWrt ofganisations in the sptsrt and physical activity sector to become inclusive ol eihnically divefse communilies at all levels. It Is a simple and effective Iramework Ihal will enable us collectNely to work iowards a sFort and physical activity sector that is repfesentative arKI inclusive ol the entire UK porxjlation. This year has seen 44 organisalions become signatories to the Charter wrth The LTA Swm E lar¥J Golf Fo ndation London Maratho Events En land Laciosse and The Bri ishE uestrian Feder tion all developing spècrfic aclhon plans lo support grealer race equality. Spirit 012012- Breaking 8oundarle¥ Project Breaking Boundaries is a lunded by Spirit 012012. and delwered in partnership with YoLrth Sport Trust lis aim is to socially connect young people. their families and comrnunilies together through regular rickel or mult￿Sport engagemenl. The project is being deliVe￿d in 5 ¢rties." Bradlord, Birmingharn, London18arkirKJ & Dagenhaml. Manchester arKJ Slough. The projeei is SUPFK)rted by a coordinator in each city who connecled wth 7Mder communrty oigani5alions workiro local lo support delivery. In 2021 StW)fling Equals ran number ol community forums arKI training in each ol the h.ve cities. Our team Continues to work with cornrnunity organisations to find innovative ways ol sochil mixing. Page11 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT (¢ontinued) Year ended 31 March 2022 Grant Distributlon Swrting Equals has worked alongsKle Comic Relief l Naiional Emergencies Twst INETI and Sport England lo deliver keysupport lo community organisalions within the swn and phygcal activity sector lo allocate arhJ distrityjte emergency furyJiThJ as a res￿1 of impad ol Covid-19. Comic Reliel/NET As 0131 August 2021. we have SUF¥)Orted 84 organisalions and distributed £432,000 ol Comic Reliel I NET emergency relief hjnding. The purpose ol this funding was to support and sustain organisations to coniinue semces and enatrAe communiD"es lo engage with SPK*n and physical aclivily OFP)rtunilies. Our M&E found that approximaidy 12,IXK) indivKJuals benefited from this funding. We completed the M&E with Comic Relief ar￿ fed inio further evaluation wh￿h is now being considered lor fuluie wojects Sport England Tackling Inequalities Fund (Phase 2and 3) Al the end ot Phase 3 01 this project we distribuied over £410,000 of funding wlh the Sport England TaeklirYJ Inequalities Fund. The purpose ol Ihis lurKJing is to support gra55roots organi5ations lo provKle S￿)rt and physical activrty ory)rtLJntttes for I￿al communities. We have since been successful wth our awicalion lo continue into the Tojelher Fund phase ol this project including cornpleting all the assuran￿ a¢livity. The Together Fund Phase wll start in 2022 and continue to 31 March 2023. Girls Powered (Sweaty Betty Foundationj The Sweaty Betty Foundation awarded grant funding lo SportirKJ Equals to deliver a project supporting new physical actNlties lor teenage girfs in Manchester. The project outcomes were to.. Support len ￿MMunity organisations in Manchester lindudirMJ faith. cultural and communrty groupsl To co-desKJn with their lem&e teenage participanls physical activity sessions Tafgetiro the beast aclive grrls from lowei ir¢ome families and from ethnically diverse communities Oeliver training and workshops to help empowei the girls The FKoieei went live in Septembei and is deliveriTrJ across 10 sites in 2022. A iolyjst M&E frameV￿ was put in place to capture ins￿h1 and impact. 8gck2Actlve (Peloton) Peloton awarded grant lundir4J lo Sporting Equ￿$ lo swrt a project sutportirKJ ￿MMunitieS to engage in healthier life￿e$ in London. The projecl'Back2Active' was launched In September. and we are working with 12-15 community partners lo help education and SUPkY)rt ethnically diverse community members in Lonth)n to engage in a healthier lifestyle. An Upshot system has been pul in place io cdleci session and paflicipant daia. Aongside this a robusi research plan is in pla￿ 10 collect baseline data and qualitative inlormaiion as part ol the reponing. Page 12 SPOFITING EOUALS DIRECTORS. AND TRUSTEES. REPORT {conlinuedl Year ended 31 March 2022 Summary During the year 2021r2022, Sporting Equals received income 01 £983,533 an inciease of £282,094 128%) from 2021121. Sport Er¥Jland have 0￿e again been the largesl source ol funding. During the current year Sporting Equals have continued to work to reduce reliance on Sport England funding by continuing lo increase funding from other areas including gro¥wng the amouni ol unresliicled funding received. Sporting Equals continues lo divers￿ rts incorne sources and going forward the management team interKJ to keep this momenlurn in order to diversity lurther. Resources expended during the year 20221122 amounted to £722.970 an increase 01 £96,282 on the previous year. As with Previous years. 1CIYA of exponditure was spent on charitable aclivilie5. Reserves The Trustees regulady review ihe Charity's need lor feserves we have a reserves policy in line with the guirjance issued by the Charity Commission. In April 2020, in light ihe ulobal pandemic. to aclj lurthef financial security the Board ol Trustees voted to Ine￿ase ihe largei amount ol rese￿eS allowed liorn 3- 6 months ol operating cosis lo 6- 12 months ol operating costs. reserves policy was updated accordingly. The general reserve shows a balance of £611k at the end ol the year.. ewivalent to just over 10 months of current operating CO￿$. Investment Policy The Trustees are empowered by Ihe Mernorandum and A￿'cleS ol AsSr￿latiOn to Invesl the Charity's funds as they See lil. The investment policy requires that surplus funds, not required lor working capital purposes, should be invested to provide maximum return at minimum nsk lo the organisation. All lurKJs that are surplus from lime to time are invested on a short- or medium-temi xed interest basis. To minimise the risk to lunos. investments are depcssited with many banking institutions who are regulated by the Financial Seryices ALrthorty and are members ol the Financial servi￿ Compensation Scheme. The Charity's investment policy is reviewed on an annualbasis. Code for Sports Govemance Sporting Equals is commrtted to high Star￿ardS ol govemance ancl across 202112022 Constantly reviewed our governance io ensure that we contirbued to meei Tier 3 01 the Code lor Sports Governance (which we were proud to have achieved formal compliance against in August 20181. Maintaining com￿lance is ortgoing as part ol our g(Nxl governance. In December 2021 the new Code for Spons Governance was published by Sport England l UK Sport and Swrting Equ￿$ is I￿￿1ng on aloning io the ￿￿se¢l cc(le by December 2022. Page 13 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT {continuedl Year ended 31 March 2022 Legal structure and 9ovemlng d￿Ument Sporting Equals is registered as a chaiity in EnglaNI and WJes111193651 and is registeTed wilh Companies House as a PwNate Limited Company by guaTaniee 1058535201. Sporting Equals therefore does not have a share capitaj, the liats'lily ol members is limited. and details ol their guarantee are given in the notes lo the financial slalements. Sporting Equ￿$ is governed by the rules and regulations wthin its Memorandum and Articles ol Associalion. Sp)rting Equals Mernorandum ol As50aation stales that the charity's objects are.. To pronKJle equalily and diversrty in s￿)rt for the putrfic benefil in ihe Uniled Kiwdom by a) working lowards Ihe eliminal￿n of discrimination on rhe grounds olrace.. bj promoling the part￿1PaI￿n and iniegration of members ol ethnic minority. mwani and relugees. communifies An sp)rt." c) advancing education andraNsing awareness in equaljty anddAversity.' dj conducting or commiss￿ning research ol equality and diwersity issues and publisthng the results to the public,. and e) ￿QMOting elhical standards of conduct coM￿lance with the law in relalion to race relalK)ns and racial equality-. Sportlng Equals. Trustees (Directors) and other volunteers Sporting EquJs is governed by a Board ot Trusiees (Directors). As Sporring Equals is borh a registered charily and private company limited by guaraniee. Sporting EquaL8' Trustees are also company Directors a￿1 therefore beholden to ty)th Charity and company law. The Board of Trustees meets l¢ymally at least four times a year Ilogether with the Chief Executive and other senior manager5 as required) as well as specific sub committees which are detailed below. The Board ol Trusiees is respongble lor the straiegic direction and governance of Ihe Charity. The Board ol Twslees delegates reswnsibility lor the delivery ol the business plan and Pfoviyon ol services to the Chief Executive. Sporting Equals. Board of Trustees curreniiy indudes ten Trustees Iwth the Articles ol Associal￿on allows a maximum of twelve Trustees). Trustees are elected lor a three-year tem and may not serve more than three consecutive terms ol three years (with a break of al least four years roquiied before standing lor re-election). SKK>rting Equals, Board ol Trustees has tour sth ¢ommillees where Irustees wth specrfic skills and experience can frxus on prior¥ty governance areas in more detail (Finance. Audit, HR & Remunerations). Due to Ihe small size ol the Board, the Board currently acis as the NoMinat￿n Committee. SportirvJ Equals. Trustees are volunteers who bring valued eXper￿nCe io spom.ng Equals from a range ol backgrounds. Spofling Equals, Trustees do not receive remuneration lor iheir lime or seNices as Trustees and only directly Incur￿ eX￿nSeS are reimbursed Iwilh any expenses reclwmed as sel out in note 6 to the financial stalemenlsl. s￿￿n9 Equals has a Trustee Conllict ol Interest poI￿Y and regis1gT. where all Truslees declare any confl￿1 of interest. New Trustees undergo irKluction training to briel them on their legal otjigations under both charity and company law, the content of the Memorandum a￿1 Atticles of Association. the charity's structure and decision-making pr(￿eSS, Ihe charitys recent pertormance (including the most recent Annual Report and Aecounls) and the charitys stwaiegy linduding the charills current business plan). Appropriate I￿lemnItY insurance cover is hekl for the Trusiees ol the Chariiy lin line wilh SF¥)rting Equals, Aflicles ol Associalionl. Sporting Equals ￿$0 continues io engage special athsers who. on a voluntary basis, provide additional advice to the board ano otficers on mallers such as research. business developrnent and income diversrficalion. Page 14 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT (continued} Year ended 31 March 2022 Sporting Equals. Trusiees (arml appointment dalesl DensKJn While MBE - Chair123 April 20121 Beverley Mason - Senior Independent Dir￿lOrI27 January 20151 Naz Deen120 January 20211 Lorraine Deschamps MBE115 February 20161 Crawj Edmondson {27 February 20191 Urvasi Naidoo110 January 20191 Yun Hui Teoh120 January 20211 Barbara Thompson120 January 20211 Vanessa Wallace120 January 20211 Sportlng Equals. Stall Staff at the erKI ol March 2022 comprised". Chief Executive. Arun Kang OBE Director ol Development, Nik TrNedi Dirrftor ol Projects, Shaheen Bi Operation5 ar￿ Governance Manager, Marie Bagley Policy and Advocacy Manager. Emily Carter Markeliro and Communications Manager. Jas Kaur Research Manager. Vip Artpradid . Regional Manayei ISoLrthl."Tim Magh Regional Manager (Noflhl. Marie Cartwright Membershy ott￿er (Oigilall, Charlotte Koi-Lath Executive Support Officer. Sue Key Management Personnel Following are the key management ol the charity during the year end ol March 2022.. Chief Executive, Arun Kang OBE Director of Development, Nik TrNedi Director ol Research. Shaheen 81 Page IS SPORTING EQUALS OIRECTORS. AND TRUSTEES. REPORT (¢onllnuedl Year ended 31 March 2022 Risk Management The 8oard of Trustees Kjentrhes and reviewE risks at every Board meeting using a formal risk register to ensure that key risks lacing the organisalion are Klenlilied and appropriate actions are put in place lo mitigate those risks. As part ol the Charity's risk management process, the Trustees aCkr￿ledge their responsibilityfor the Charity s $￿tern ol internal eonlrol and reviewing its ettec¢Neness. Risk is also a regular item on the Senior Management Team meeiing agendas, risks idenlitied and escalated up to the Board ol Truslees as appropriale. We have detailed below Ihe key areas ol llsk thai have been identilied and our approach to mit￿ation. the continued ￿coVery trom the Covid-19 pandemic and the impact ol this io this has affected all areas ol our woth and each area ol risk has been reviewed wth this lens. Fundlng & Fundralslng - rfsk Ihat Sportlng Equals does not genernle enough Income to cover it's commllnwits We have continued to access new funding streams and work closely with our existirvJ contractual commitrnenls we are continusng lo diversrty ol income generation portlolio. In April 2020. in light the global pandemre. to further financial security the Board of Trustees voled lo increase the maximum amount ol reserves albwe(J from 3- 6 monlhs ol operating costs to 6- 12 months of Lw8raling c05t5 wh￿h we have maintained. Stsfflng - rlsk Ihai Sporting Equals has Inadequale Staffing resources to dellver Its conlr8clual commilments Sporting E¢wals has focus on retention aThJ staff develoweN. staff hawng regular 1.'1s, performance reviews. in-house tr*ning arxl developmeni in place. Role mapping has been complele(l and a skills mairix developed lo use in conjunction writh appraisals and development lo assess organisational strengths and areas ol development. A staff-led wellbeing group was established thJrirwJ the pandemr to offer a further sale space lor aff lor open discussion this is in addrtion to an anonymous staff survey system. In February 2022 a hybrid m(MJel was wl into ￿a¢e and is being reviewed regularly with staff to ensure the mcKlel sUp￿rtS the needs of Ihe business and staff wellbeing. Staff benefit from the ability to work from home a majority ol the ttme while still having off ice space to use when needed and in person relat￿nShip building ar￿ supwrt frorn tha"r col￿agueS and line managers. Data Prote¢llon- risk that Sporting Equals or ils partners inadvertently dixlose personal data A Data Protection & Records Management Policy is in place. alonoside assccialed prolcKols. Reviews ol IT security as wdl as GDPR protocols are completed annually. Swrting Equals has cloud-based systems, ￿1¢h enables managerial overswJhl and allowed lor minimal disruption with the move to working from home during Ihe pandemic. IT security arKI Data Prote￿lOn lo le￿￿e the risk of inadvertent breaches by indtviduals, forms part of the inducts'on lor new staff. As part ol our governar￿e and operations continual review ￿ also Tegularfy receive and review updates Ir(Im the Information Commissioner's Office to *Jentily any areas ol good practice / breaches from other organisahons Ihal we can leam from. Page 16 SpoRT￿G EQUALS DIRECTORS. AND TRUSTEES. REPORT Icontinuedl Year ended 31 March 2022 Governance- risk that the govemance arrangemenls ol Sporting Equals do not meet best practice Corporate governance sIn￿luTeS aNJ SY￿emS are in place lo meet all legal requirement5. tOg￿her with govemance requifemeffls of lunders. Compliance with Tier 3 requirements ol ihe Crxle ol Governance lor Sport has been achieved is regularly rewewed. In December 2021 the new Code for SKM)rts GoVernar￿e was published by Sport England l UK SFK)rt and Swrting Equals is working on aligning lo the revised code by December 2022. Sporting Equals also regularly engages with the Sports Govemance Academy as part of Continual review. sharing goc¥J Practice and development. Safeguardlng- risk that a major incldent takes place at a Sportlng Equals event or lunded activlty Safeguarding remains a constant area of fctus. Ix)fh in temis ol Sp)rD"ng Equ￿$ inlemal delivery and the provision ol any delivery partners_ SwrtirvJ Equals have ri$k-bas&J approach lo ched(ing and challeroirwJ our sateguarding policy and pracrice to ensure ihe well-being ol au. All staff take part in an annual review of the safeguarding wlicy and are involved in regularfy reviewing any potential risks to well-being with regards lo any of the %w)rk ol SportiThJ Equals and putting Mrt￿alI0n in place. A safeguarding meeting is held monthly lo rwew curient work any work being planned. In 2021122 Sporting Equals reviewed and Lpoated our saleguardiNJ policies arKI processes lo eller reflect our holistic and pro-active cutture on salegvarding. PLANS FOR FUTURE PERIODS Sp)rting Equals is a9ain leading in inlluence arKI adv￿acY a￿1 pioneering on many fronts to tackle inequalrty in Ihe sport sector related lo ethnically diverse communities. We use pilot projects, campaigns arKI case studies lo make a change in the SFQrt and physicd acts.vrty sector. In 2022123 we wll continue io locus on the key inequalrtie5 in the sport and physical activity sector and work lo tackle System￿ racism thai limit the opportunities ol eihnically diverse communities. We VAS1 continue to deliver local piojects lo ensure eommuimties are healthier and slroThJeT and more empowered locally. We wll continue to campavJn through events and media cyportunities arKI showcase local sportsng ethnically diverse projects and presenl and feature ethnieally diverse champions utilising our events to help break ¢Jown percep1￿$￿5 and ullimately inspire the nexi generation ol ethnically diverse talent and l¢xal projecis. To meei our key obieetives, we Mll continue lo tackle the unlair lack ol diversity in leadership pO￿lI￿nS that are ultifnately responsible lor the decisions an organisalion makes and ensure ihese are mole accurate and kKlSitively iMp￿tru1 lor elhnically diverse groups. We wll conlinue to campaign lof a 20% tafget of ethnically diverse board members lor national sports organisations and will Idlow on our success lo retire the term Black. Asian ar￿ Minority Ethnic IBAMEI cofttinue to advocate for specific tems lo be used when dealing with bariters faced by of lack ol representation ol speahc groups. Page17 SPORTING EQUALS DIRECTORS. AND TRUSTEES. REPORT {continued} Year ended 31 March 2022 K8y ambilions lor 2022 12023 includfr: This year we will increase our research acliwly ro fom) the basis to all our work especially to support our influence and adV(￿a¢Y work. We wll use appropriate research melhLKlologies to build a robust evKJence base, meet the KPIS ol fu[￿er$ and ensure ihat researeh support is provided to colleagues to achieve their Specif￿ proje¢ls aims. For example. Ihe Charter and consultancy oller ol Sporting Equals will include research as a basis lo understanding ihe challenges prior lo developing an aCt￿n plan. The overall amb'lions lor the year include- Distribute grants lo ethnically diverse communities in¢k￿1n9 our Associate Members to suwrt them in the challenges they have faced due to COVID-19 and support in sport and physical activity locally. Increase the number of wgnalofies to our Sp)rting Equals Charter and further promote its effechveness. Continue to deliver the Cornrnunity CohesKsn project called Breaking Boundaries, in partnership with the Youth Sport Trust. Increase our work through faith centres particularly Ihrough the Equally Active project fuThJed by the LorKJon Maralhon Charitat4e Trust. Contract in 10 community organ51alions io s￿rt the roll oui of the 'Girls Powered. project lunded through the Sweaty Belly Foundation. Engage 12-15 communrty panners to Sukwrt the rom out of ihe 'Back2Actrve' project funded Ihrough Peloton. Launch the Race Representation Index IPik)I with QPRI and roll out in 2021. wrth rep)rting in 2021 To work towafd5 identifying c(yporate sw)nsors to help deliver more cornmunity projects on the ground. Raise the issues of racism in the swrt sector through a ￿dea51 that features the lived expenence5 01 ethnically diverse individuals in 5POrt or physul activity. Deliver the seventh annual Sporting Equals Ethn￿ Diversity Awards lo showcase ialenl and gras5roois Pfojects and volurtteers. Monitor the work ol sport and physical activity organisalK)ns Ihal have committed through a statement to support black communil*s with opportunities in the S￿tor. Promote through evenls and media the lad( ol Brllish Asian men and women in profession sport at all level5. Increase SrM)rting Equals. financial suslainabJ"Iity through ineome diversi￿atiOn - lo fund key projec15 that meel the missK)n aThJ ouicomes of ihe Charrty. Deliver a race equality conference to ensure the inequ*ity in sport a￿1 physical aclivity is raised the highest level. Deliver LeaderBoard andlor YIxAlh LeaderBoafd to conlinue raising Ihe profile of Ihe lack ol ethntc diversity in the worklofce and in the boardrooms ol sp)rt. Deliver the 'Youth LeaderBoard in partnership wrth Zwift to help gei more young people from verse communities engaging Wth the sector Please go to WWW.S ￿"n ual .uk foT further details ol the work ol Sporting Equals. statemenl ol Iru$tees' responsibilities The trustees (who are dso dIre￿Or5 lor the purposes ol company lawl are responsib￿ lor preparing ihe Difectors. and Trusiees. RerM)rt and the fina￿lat statements in accordance with applicable law and United Kingjom AccountiNJ Slandwds (Untled Kingdom Generally Accepting Accounting Praclicel. Cornpany law requires the directors lo prepare financial slalernents for each financial year which give a true and fair view ol ihe slale of affaiis ol the charitable company and ol the incoming resources arKI application of resources, incI￿11ng the income and expenditure, ol the charitable company for that period. In preparing these financial St￿ernents, the directOTS ale required to". Page 18 SPOFMNG EQUALS DIRECTORS. AND TRUSTEES. REPORT (conllnued) Year ended 31 March 2(122 select suitable aecounlirKJ Wi¢ies and apply them wwslenlty: observe the methods and princ￿eS in the Charit￿ SORP. make Il￿Men1S and estimates that are reasonthe and prudent" slato whglher aFf4icablg UK acc(wntirKJ standards have teen follo%￿J. subject to any materid departLAres di￿lOSed ar¥J explained in the fina￿la7 statements: and prepare the linanaat ststements on the gojng t￿￿ern basis urdess it is inappropriate to presume that the charitable company will continue fft business. The directors ar¢ r•sponsitAe for maintasniryJ prwr accountiw r￿OrdS which disdose with reasonable accuracy at any lime the linantral posrbon of Ihe charitable crjnpany arKI enable them to ensure that the th'nanCI￿ staternents com￿Y with Ihe Companies Act 2006. They are also responsible lor saleguarding the assets ol Ihe charitable crmpany afKI the group and her￿e lor taking 16asonable st6ps lor Iha K￿ventu￿ and d&t8Ction DI tra￿ and other irragularitias. In so lar as the direclors awarè: The direclors are resp)nsible lor the mwntenaI￿e a￿1 int¢gTity ol the cworate and financial intormation ir￿lIded on the chariiable company's websile. Legislalrin in the Uniied Kingdom governing Ihe preparation and disseminat￿n of ffinarKial statements may difler from legislation in other jurisd￿tionS. Independ￿1 Examlner The basic a￿111 threshold is £1 milion. No audit 15 requ￿ed f¢y the year er¥Jed 31 March 2022. This Wlill be the case lor Ihe lolowng year therelore quotes for the Indepèndent Examination for ' the year ending 2022 wll be oblairttl after which the IndepeThJeffl Examiners w￿1 be proposed for the ieappcxnlmenl in accordance with the Charity Commission. The finanoal statements have been prepared in accordance with ts Speeial provssions relating to company's subf'ect lo the small wmpanies. reg¢me wrthin Part 15 ol the Companies Act 2006. Approved by the Board ¢)n 2011212022 aThJ swed on its behalf by". D Whhe Chair Page 19 SPORTING EQUALS Independent Examiner's reports Year ended 31 March 2022 I report on Ihe accounts ol the company lor the period 1 April 2021 10 31 March 2022, which are sel oul on pages 21 to 36. Hesponsibllilies and basis ol report As the charitls trustees land also the directors for the puws of company lawl you are responsible lor the preparation ol the accounts in ￿Ordants with the requirements ol the Cornpanips Act 2006. Havrng satistied mysell that the charity is not subject to aL4*1 undw company law and is eligible lor independenr examinat¢on. I have examined your charrty's accounts as required under section 145 01 the Charities Act 2011 1.the Acl'l- In carrwng out my examination I have lolloweLI the Directions given by the Charity Commission under section 14515llbl ol the 2011 Act. My role is to slate whether any material matters have come lo myattention givrng me cause to believe.. 1. that accounbng records were rKJi kepl as requiied by sed￿n 386 01 the Companies Acl 2006., or 2. that the accounts do not accord with those records. or 3. Ihal the accounts do not comply wrth Ihe accounting requirements ol section 396 of the Companies Act 2006 and with the methods arKI principles of the Gharities &aternent 0¢ Fleeommended Practice atplicable lo eharrties preparing rheir aeeounts in accordance wth the Fina￿la1 Reporting Standard ap￿ICable in the UK arMJ Republic ol Ireland." or 4. that there is further information wled for a proper UnderSia￿ling ol the accounts. Independeni examinef's slatemenl Since your charrtvs gross income exceedecl £250,000 your examiner tllusi be a member ot a listed Ix*ly. I can contirm that l am qualrfied io untjertake ihe examination because l am a registered member ol ICAEW whieh is one ot the listed bodies. I have completed my examination and have no concerns in respect ol the matters 11110 141 listed above and, in wnneclion wrth following the Direcknons ol the Charity Commission I have lo￿nd no matters that require drawing to your attention. Jeremy Kitsoti FCA ICAEW Prime Charterefj Accountants Corner Oak 1 Horner Road Solihull 89130G Date.. 211.1212Q22............................ Page 20 SPORTING EQiIALS STATEMEwf OF FINANCIAL ACTIVITIES (In¢O￿orating the income and expenditure account) for the year ended 31 March 2022 Unrèstrided Funds 2022 Reslricled Funds 2022 Total Funds 2022 Total Funds 2021 Nolg¥ Incoming resour¢es Donalions 17215 17,315 9,399 Charrtable acliwlies 387.269 578.899 966,188 691.859 Inve5tmeftis- tnlerest rec•ivgJ 30 181 Total Incomlng ￿0￿r 578.899 993.533 701.439 Expondrturè on: Charitable a¢lAvifreS 144.512 578.458 722.970 626,688 Total ￿$0￿C•S expend 144,512 722,970 626.688 Nèt Ineomlngl14)utgolngl r•sourees •lore transf•rs belng net Incon l•xp•ndltur•l lor the year 260.122 441 260.653 74.751 Transl&rs t*trAen furTras N•t movement In lunds 260.122 441 260,563 74,751 R•c0n¢ilia￿0n ol lunds Tolal tunds brought fory 364.392 43.670 408,062 333,311 Total funds carried ton￿rd 624,S14 4M,111 668,625 408,062 The slatemenl ol linancpl activities indudes all gains and losses in the year. All incoffling resources arKt resources expended derive from continuing aclivilies. The Thjles on page 24 to 36 lo￿ part ol these linartiJ slatements. Page 21 SPORTING EQUALS BALANCE SHEEr AS AT 31 MARCH 2022 2021 Fr￿d •$￿ts Ta￿j￿Ie fixed assets 10.1 297.568 610.014 143.713 641.395 Cash al l>ank and fft h 7.582 785.108 Cr•dllOlS: arnoiyiis laling due thin ono ￿aT 1249.1471 (380.9551 404.153 4M062 Unr•s1nd￿ IWKJS Dg*gnai•d lur#Js Rtstneted lurKJs 10 10 10 611.514 13.¢)Crf) 44.111 351.393 13.000 43,669 Tothl lunds The charl￿te Company ￿ enlilled k) exemplion Irom audil under Sec￿1 477 of the Companies Acl 2006 lor year ended 31 March 2022. The members have not rewired the company ￿ OtAain an audit ol rts financial sialemenls for the ended 31 M¥ch 2021 in accordanee wilh Seeiicm 476 of the Companies Act 2CJ)6. The trustees acknowlgdge Iheir fespongly'lilies lor lalEnsLYing that the charitsL4e company keeps aecwntiro reetyth that comply ttth Sectsons 386 and 387 01 the Companies Ath 2006 and {blpreparing the fi"nanciaF statements. which gNe a Inje arml fair wew of the slate ol altairs ol Ihe charity as al end of each linancial year. and ol its surplus or def￿lL lor each linancial year in aceordance with the requirements ot Sections 394 395 and t*hich olherwise corn￿y with the requirements of the Compantes Acl 2006 reialin9 10 linancial slalements. so lar as apr4uble lo the charitable fA)mpany. These linancial stalements havè been F¥epared in accordance Wih the special provisions ol Part 15 ol ihe Companies Acl 2[￿ r¢lating to chartlable small companies. The financial stales were 4Jwoved Ihe Board ol T￿￿leeS (KI ................. ........ . Sign￿ on ils behalf by.. 2011212022 and weie D Whlte Tw$t•o Page 22 SPORTING EQUALS STATEIAENT OF CASH FLOWS AS AT 31 MARCH 2022 Note Cash Ilow from Operating acllvltles 12 117,9591 401.483 Nei e*$h Ilow from Oper•tlng adlvilies 117,9591 401.483 Cash Ilow from investing activilies Office equipment Interest receiv￿1.. . Depwt 113.4521 181 Net cash flow from Investing adivilies 113,4221 181 Net Increase l (decreasel In cash and cash equlvalents 131.3811 401.664 Cash and cash equlvaleni$ at 1s1 April 2021 641.395 239,731 Cash and cash equivalents at 31st M•w¢h 2022 610.014 641.395 Cash and cash equlvalent$ consists of: Cash at bank ar￿ in hand 610.014 641,395 See note 12 tor reconciliaiion ol net income I lexpenditiirel to net eash Ilow from cyerating activities Page 23 SPORTING EQIJALS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 Ma￿h 2022 Summary of signiflcanl accounting Wieie$ (al General informali¢)n and basis of preparntion Sporting Equals is a charitat￿e company in the United Kingdom. In the event of Ihe Charity beiNJ wound up. the liability in respect ol the guarantee is limited to £1 per member ol Ihe charity. The address ol the registered office is given in the charity inforrnation on page 101 these financi￿ slatements. The nature of the chariWs operations and principal activities lo actively promote greater involvement in arKI physical activity lor disadvantaged comrnunities particularty the trAack and minority ethnic Fopulation. Sporting Equals is a national partner of Swt England and advr5ors to the Department ot Culture Media arKI Swrt The charity constilules a Publ￿ benefit enlily as defined by FRS 102. The financial slalements have been prepared in aeeordance wrth Accounting and Rwrting by Charities, Stalemenl ol Recommended Pradi¢e applicable to charities preparing their accounts in accor¢Jance with the Firbancial Reponing Standard ap￿ICable in the UK and Republic ol Ireland IFRS 1021 issued on 16 July 2014. the Finanryal Rep)rting Stand￿d applicable in the Unired Kingdom arKI Republic ol Ireland IFRS 1021. Ihe Companies Act 2006 and UK Generally Accepted Practsce as it ap￿leS from 1 January 2015. The financial statements ￿e prepared on a going concern basis under the historical cost convention. The tinancial statements are prepared bn sterfiNJ which is the functional currency of the charily and fourKled to the nearest £. The charitable Company has taken advantage ol the Opibon provKled in SORP IFRS102110 use heading5 in the Statement of Fina￿￿1 kts"¥ity that are applicable lo 115 operations rather than reporting on an activity basis. The signilwt accountsng p)I￿leS aFWÈed in the p￿paration ot these finanual sialemenls are set out below. These poh'cres I￿ve consisterrtly appl￿ to all yeats presented unless olherwtse stated. The charity adopted SORP (FRS 1021 in the currenl year a￿1 no adjustmenls to previously reported figures weie required. {b) Fund$ Unreslcicted funds are available lor use ai ihe discretion ol the Injstees in lurtherance ol the general objeclives ol the charity and wh￿h Mll not desKJnaied lor olher purposes. Designated tuncls comprise unrestricied funds that have set aside by the trustees lor particular purposes_ The aim arnj use of each deS￿nated lund is sel out in the notes lo the financial 5talefflents. Restricted lunds are funds whrch win used in accordance wtth specific restrictions imposed by donors or which have raiseo by the charity for particular purposes. The cost ol raising and administering such lun¢Js are charged against the specitic fund. The aim and use ol each restricted fund is set out in the noles lo the fina￿la1 statements. {¢) Income recognition All incoming resources ale included tn the Statement of Financial Activities ISOFAI when the charity is legally enlrtled lo the income after any Fxrtoimance conditions have met. the amount can measure reliably and rt is certain that the incorne will be received.. Page 24 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS Iconlinu8d) for the year ended 31 March 2022 For donations to be recognized the charity will have been notified of the amounls and the settlemeni date in writing. 11 there are Cor￿1￿"0ns attached to the donation and this requirès a level ol pertormance tefore enlrtlemenl can be obtained, then income is deferred unlil those conditions are lully mel or the lullilmenl ol those conthtions is within the control of the charity and ￿ is probable Ihat they will be lufh"Iled. No amounl is ineluded in the fIr￿n¢la1 statements lor volunteer time in line with the SORP IFRS 1021. Income from Irading actNilies Ir￿ludeS income eamed Irorn luTrJraising events and trading activrties to raise lunds lor the charity. Income is received in exchange lor supplying goods arKI serviees in orcjer to raise funts and is recognised when eniffjemenl has occurred. The charity receives government grants in respect ol lurKliro from Sport England. Income from government ar￿ other granls are recognised at lair value when ihe charity has enlillemenl after any performance corK1itions have L*en mel. it is probatrAe that the income will be received and the amount can be measur&J relh4biy. tl entitlement is not met. Ihen these amounts are delerred. Investment income is earned through hokjing assets for investment purposes such as surplus lunds on bank depogt. Inleresl irwme is recognised using the efleclive interest method. (d) Expendilure recognition All experKIituTe is accwnted Iof on an aceruals basis and has been classrfiecF under headings thai aggregate all costs related 10 Ihe category. Expendilure is recognisgd where there is a legal or Constructive obligation to make payments to third parties, it is probable that Ihe settlement wll be requireij and the amount of the oblKJalion can be measured reliably. Irrecoverable VAT i8 charged as an expense against the aclivily lor which expenditure arose. {e) Support ¢o$ts allocatlon Support costs are ihose ihat assist the work ol the d)arrty bLtt ¢*• not directly represent charitable activities and include ofhce costs. govemance costs. and administrative payroll costs. They are incurred directly in support ol expendrture on the objects of the charity. Where suFport costs cannoi be directly allfibule¢J to part￿ular headiThJs they have been allocated Io c051 of raising funds and expenditure on charitable aciivilies on a basts consistent wth use of the resources. Premises and other ovetheads have been allocated on a percentage use ol resources basis. Fund-raising costs are those incurred in seeking voluntary contributions and do not include the cosis of disseminating intomiaiion in SUPFQrt ol ihe charitable activities. The analysis ol Ihese cost5 is I￿lL￿￿ed in note 4. (f) Tangible lixed assets Tangl￿e fi.xecl assets are stated at cosl lor deemed costl or valuation less aecumulated depreciation and ac¢umulaieil impairment losses. Cost includes costs direclly attributable to making the asset cap*le ol ￿rating a5 intended. Page 25 SPORTING EQUALS NOTES TO THE FINANCIAL ST ATEMENTS {contlnued) lor the year ended 31 March 2022 Oeprecialion 15 prowded on all tarvi￿e lixed assels. ai rates cJculaled to wrile off the cost. less estimated re$￿Ual ¥a￿e, ol each asset on a systematic basi5 over its expected useful lile as follows= IT equipmenl 33% straight4ine basls (g) Deblor$ 8nd ¢r¢ditors re¢elvabld p4y•ble wlthln one ye•r Debtors arKI creditors wlh no stated interest rate and feceivable or payable wilhin one year are recorded al transac￿n ￿Ce. Any losses arsing tfom impairment afe ceccgnised in expenditure. {h) Leases Assets acquired under linar￿8 leases are capilalwl a￿1 deprKiated over the sFKJrt8r ol the lease term and the expected useful life of the asset. Minimum ￿ase payments are apportioned between the tinance charge and ihe reduthion ol ihe outstanding lease liability using the effective interest melhod. The related obligaiions, nel ol future finance eharges, are included in creditors. Rentals payaNe and receivable under operating leases are charged lo the SOFA on a straighl line basis over the Feriod of ihe lease. li) Employee benelils When em￿oYeeS have rendered service to ihe charity, shon-lerm employee benelils to which the ernployees are entitled are rKognised at the undiscounted amount expectecl to be paKY in exchange lor thai serv¢e. The charity operates a defined eontribution plan lor the benefit of its employees. ConlributKJns are expensed as they become payable. ti) Tax The chwity is an exemptcharity Iwthin the rneaning ol ￿hedUle 3 ofihe Charities Act 2011 arKI is considered to pass Ihe tesis set OLrt in Paragraph I Schedule 6 Finan￿ Act 2010 therefore it meets the delin11￿￿n ol a charitable company lor UK corwration tax purposes. (k) Going con¢ern The financial statement5 have been F)repared on a going concern basis, as the Iruslees has determined that there is no material uncertainty that casts doubt on the entity s ability to continue as a going concern. COVID-19 is not expected to have a signilicant impact on the entity. 11 expects thai COVID.19 mtght have some Impact, though nol significant, lor exam ￿e. in relation to expected future perfOrma￿e, or the effects on some future asset valuaiions. The trusiees have COllSKJefed the level of funds hekl and the expecied level ol income and experklrture for 12 months Irom auihorising these thnanclal slalements. The tyjdgeted income and expeThJrture is sufficient with the level of reserves for Ihe charity to be aue to eontinue as a going eoncem. Page 26 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS (continued) for the year ended 31 March 2022 Comparative information- Slatemenl of Fonanclal Actlvlties 2021 Unrestricted Funds X121 Restpicted Funds Totsl Furbds 2021 Totsl Fund$ 2020 Ineomlng resources Donatiorns 9,399 5.792 CharitatAe acbMties 159,539 532,320 691,859 672.356 Investrnents- iniere5t re¢wved 181 163 Total Inc¢)ming rtsoure•s 169.119 532.320 701,439 678.311 Exp•ndilure on: Charitable acbvitses 101.Crf)9 525.679 626.688 687,460 T¢)tsl resources oxpgnded 101.009 525.679 626,688 687,460 14èt Ineorningl {￿tY01￿9) resouree$ bgtore transfers belng n•t Incomel lexpendlturel for the year 68.110 6,641 74.751 19.1491 Transfers beNeen funds t movement In lunds 68.110 6￿41 74,751 19.1491 R•eonclllation ol lunds Toial fund5 brts￿h1 foThRrd 296.283 37.028 333.311 342,450 Total lunds earrled lorlvard 364.393 43.669 4OB,062 333.311 Page 27 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Analysis of Irbcome 2022 2022 Total 2021 Total Unrestricted Resiricled Charitable actlvltles SpKJrt England grant LMCT LTA Spirit EFDS I GOGA Sweaty Betty Other 400.OCO 4th),000 47.250 47,250 37,200 81.494 403.000 50.667 17.050 78,653 37.200 81.494 50,155 50,155 350,089 350.089 142,489 Total from Charitable aclivities 387.289 578.899 966.188 691.859 Donatlons 17.315 17,315 9,399 Inveslrnent in￿rne- Interest r￿1Ved 181 Total 404,634 578.899 983.533 701.439 01 the total income ieceTrved in 2022 £983,53312021- £701.439). £404.63412021 - £169.1191 related to unresiricted income and t578,89912021-£532.3201 related to reslncted i￿Ome. Page 28 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 3a. Analysis ol Income 2021 - Comparatives 2021 Total 2020 Total Unrestiicted Restricted Charitable activilies Sport England grant LMCT LTA Spirit EFDS IGOGA Tennis FOundat￿n BEDSA Other 403.000 50.667 403,000 50,667 17.050 78,653 399,687 72,333 17.050 78.653 86.941 14,830 26,000 61.357 11,208 142.489 142.489 Total from charitable actiwtie5 159.539 532.320 691,859 672.356 Donations 9.399 5.792 Investment income- Inieresi received 181 181 163 Total 169.119 532,320 701.439 678,311 Of the iotal income receive(l in 2021 £701.43912020 - £678.3111. £169,11912020- £74,350) related lo unreslricled income and £532.32012020-£603,9611 relate¢J lo restricted income. Page 29 SKirmP￿ EQUALS 4. Totsl resour¢es tXPEDded Zf LTA 20 TolAI Slatt costs Oiie Slalt wela lect A￿neY ￿att rect Travel & subsistence D￿e Stall ITwning & develcyneni OITe Refre5I¥nents Diiect Pr￿eCt exp¢nsqs Diie Bank Charyes DKeci Depreciabon Dire Consuhancy costs Oire Ewynent Ctynm & PJJn". Leg81 & ProfeSS￿n 296.864 21,569 33,W 54597 30.449 47.074 4B4,54Q 2.024 2.1*7 3.665 35,874 5.355 12,039 4,917 5.557. 430,986 1,274 37.435 475 795 68 25.D38 295 4,179 20,375 )7 5.93$ 47.405 13,818 14251 1297 216 118 2.578 68 B.365 25.632 10.423 287 8.365 50.303 152 19 12 18.835 3.153 9.148 $21 4.681 Direci 1.744 Support¢ostS olkncated to a¢livit*s Office expenses IT oxpènses Insurance Pltyerty cost5 % u$e of re54Ut¢es % ol re￿1££& % ￿ ol res￿ICe$ 744 6.610 5.445 5.962 15,743 134 47S 7.9J3 8.897 315 1,2 8.806 28.942 3.1 3.369 Y).171 84m 35.n6 11i3J5 Ti2.970 626,688 Of Ihetotal e¥perrfiture In £7*.970 IX)21 . £Q6.6881. £144.51212021 . £101.(NM ￿￿￿￿￿￿eStiNa8df￿Js and £6CQ.635{2021 . £525.6791 reL41ed to ￿5t[￿ted futvts. 5PORTW4G EQU￿5 lAc*v￿Y limited bygLL¥theel IIOTESTO ThE FIIiAFICIAL STATEIIEllfS{CorrtlN*dl 4a. Totol re￿urCeseXpeTrd2￿ X21. COM￿ra11¥e5 LTA io Tolal re¢1 all￿•ted rosl St¥ff ¢osts Stall wellare Aggncy S￿ 1.$70 23.M 46.278 67.014 430.986 377.8 1.274 97. 1,274 8,441 91 21.gB1 32.847 28,797 238 3.313 117.238 Dire Staff trainiw & ¢eve*s*nent Dirff Rdrèshments Dire Pioieci exper eank chaTges Dept8ci*i Consultancy costs EquipmBnl Iketiry Comm 8 Pun". Legal & PrDlessK&n 475 17.477 4.879 25.038 4.179 4.179 20.375 907 5,9 47. 3.7Y 33.280 849 8.733 19.240 Dire 18.836 21 DI￿ Direet 31.928 1571 7.214 Support costs a￿X•I￿OI￿adIWtt￿ Olfirtr trxpen58S IT expenses I￿rance Pfopertycosis %use ol iÈstyKces %use of res￿rceS %use of resources 4.137 47 24 6.610 7.163 8.8 28.942 10.293 13,325 4,702 30.101 287 567 2.168 1,881 TO1￿ re90uvce$ expenthd 4102 39.115 Of IhEtDW è￿ve￿i￿￿e in Z021 £626.68812020-£667.WI. £IOI.OJ9 [2020. £74.T201 r**YtrJ (wtsarrfJ£525.679 1aM. e612.7401 related 10 ie5tiicteo P*J8 31 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for the yeai ended 31 Maich 2022 Net Inc¢mirtg resources for the year 2022 2021 Nel incorning resources lor the year a￿ slated after tharging.. Independent examiner's fee- current year Depreciaiion 1.740 7.172 1.740 4,179 Employee information 2021 Staff costs Wages and salaries Social securily costs Other ￿nSIOn costs 421.627 41,043 21.870 374.395 34.307 22,284 430.986 2022 2021 No. Average number of employees emF4oye(l Ouring the year. Administration 10 The number ol eM￿oYeeS whose annual emoluments We￿ £60.000 or more were.. 2022 2021 £60.000 - £70.000 £70.000 - £80,000 £80,000 - £90.000 £90.000- £100,000 £100,000 - £110.000 AtK)ve £110,000 Key Management Personnel ol the Charity Comprise ot the Senior Execijlive team which in¢ludes Chief Executive Oflicer. Lkrector ol Devel¢Jprnenl and Director ol Proiects and Director ol Operations & Governance whose lo1￿ salary and benefits are £239.54612021'. £232.746I. Key management personnel are sel out in the directors, and Trustees, Report al Page 15. No Trustees received remuneration t*Jriro the year (2021.. £nill. No expenses were paKI to trustees in Ihe year. Page 32 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 Tangible fixed asse Equipment Total Cosl At 1 April 2021 Additional during the year 13,732 13,452 13,732 13,452 Al 31 March 2022 27.184 27,184 Depreciation At l 4)ril 2021 Charge for Ihe year 9.822 7.172 9,822 7,172 Al 31 March 2022 16.994 16,994 Net book value At 31 March 2022 10,190 10,190 Al 31 March 2021 3,909 3,909 Oebtors 2022 2021 Trade deblois Other debtors Prepayments Accrued ineome 293,209 1,680 2,679 125.912 10,750 2,551 4.500 297,568 143,713 Creditors: Amounts falling due within one year 2022 2021 Trade creditors Credit card Pension payable A¢cruals Deferred ineome Other creditors 10,064 2,017 4,784 1,740 38,770 191,772 2,571 2,016 1,740 5.417 369,157 249.147 380,955 Page 33 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS fw the year ended 31 March 2022 10. Reconciliation ol movements in lunds 1 April Incoming 2021 resources Outgoing resources 31 March 2022 Transfers Unrestrlcled lunds 351.393 404.634 144.513 611,514 Designaled funds 13.000 13.000 Reslricted lunds Sp)rt England Spiril Swealy Betty LMCT 400.000 81.494 50.155 47.250 400.000 84.068 35,786 58,603 15.721 13,147 14,369 16,595 27.948 43.669 578.899 578.457 44,111 Total funds 408,062 983,533 722,970 668,625 10a. Reconciliation ol movements in funds 2021 - Comparatlves l April Incoming Outgoing 2020 resources resources Transfers 31 March 2021 Unrestrlcted lunds 283.283 169,119 I101.1￿9) 3S1,393 Designated funds 13.0(K) 13,000 Restricted funds Spjrt England Spirit LMCT 403,000 78,653 50.667 1403,000) 183,5641 139.1151 20.632 16,396 15.721 27.948 37.028 532.320 1525.6791 43.669 Total funds 333,311 701,439 1626.688) 408,062 Page 34 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for Ihe year ended 31 March 2022 Deslgnlled funds The designated lund is a fund the Tnjstees have agTeed lo ring-fen￿ in order lo cover any ILrture redundaney cosis in the event the chaTltable company was to cease its operations. Reslricted funds SrM)rt Englar￿ provKJes grani iundir*J for agreed OLrtpuls under ils national partner programme. Spirit 012012 - fl1￿ Sporting Equals and YoLrth SFQrt Trust as National OelNery partners lo deliver the Breaking Bovndaries projeei which uses cricket as a catalyst for social cohesion within five locaiions in EnglarNJ. London Marathon Charitable Tru51- has provided funding to sL4)port a faith centie model supporting communities to tecome physically active. Sweaty Betty - has provided fu￿11ng during 2022 lo help Supr￿ a laith cenlre model supporting. communit￿$ Analysis ol nel assets between funds General Designaled Restricted fund$ funds funds Tolal Fund balances at 31 March 2022 are represented by: Tangible fixed assets Curienl assets Curient liabilities 10,190 850.471 {249.14n 10,190 907,582 1249,1471 13.oc 44.111 Total nel assets 611,514 13,0(K• 44,111 668,625 11a. Analysls of net assets between lunds 2021 - Comparatlves General Designated Restricted lunds lunds tund$ Toial Fund balances at 31 IAar¢h 2021 are repre$ented by: Tangible fixed assets Current asseis Current liabililies 3,909 728.439 {380.955) 3.909 785,108 1380,9551 13.oc 43.669 Total nel assets 351,393 13.000 43,669 408,062 Page 35 SPORTING EQUALS NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 March 2022 12. Reconclllation ol net income l {expendilure) to net cash flow from operating Icti¥ilies 2022 2021 Nel income for the year Inleresi receivable Oeprecialion and impairment ol tangible fixed assets Decrease I Ilncreasel in debtors Increase J Ioecreasel in creditors 260.563 1301 7.172 1153.8551 1131.8081 74,751 11811 4,179 45,883 276,851 Nel cash flow from operating activitie5 (17.9581 401.483 13. Controlllng party The charitable company ts urkyer the control ol the Board ol Trustees. 14. Pension c¢ntribution¥ TheTe was a credit(K of £4.78412021= £2.0161 at the year-end. 15. Company status The company is limited by guarantee does not have any share caprtal. Every member ol the company undertakes lo contribute to the assets of the Company in the event of its beings wound up while he is a member or wrthin one year atter ceasing to be member, Iof payments ol the debts and liabililies ol the company contracted before he ceased to be a member, and the cosls, charges and expenses ol winding up. and lor the adjustment ol the righls ol the contributions amor¥J themselves amount as may be reqijired, not exeeedirg £1. Page 36