**Charity Registration No. 1124122** **Company Registration No. 05894596 (England and Wales)** # **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** **ANNUAL REPORT AND FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 MARCH 2022** ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **LEGAL AND ADMINISTRATIVE INFORMATION** |**Trustees**|F D K Bennett|(Appointed 6 October 2021)| |---|---|---| ||M Bradbury|| ||D Coulson|| ||C Gronow|| ||T F Hutchison|| ||R N Mccurdy|(Appointed 6 October 2021)| ||V Moore|| ||S Ramzanali|| ||A Wild|| ||M G Woolhouse|| |**Secretary**|L Prosser|| |**Charity number**|1124122|| |**Company number**|05894596|| |**Registered office**|Armstrong House|| ||Sovereign Court|| ||Huntingdon|| ||Cambridgeshire|| ||United Kingdom|| ||PE29 6XU|| |**Auditor**|Azets Audit Services|| ||Ruthlyn House|| ||90 Lincoln Road|| ||Peterborough|| ||Cambridgeshire|| ||United Kingdom|| ||PE1 2SP|| **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Statement of trustees' responsibilities|6| |Independent auditor's report|7 - 9| |Statement of financial activities|10 - 11| |Balance sheet|12| |Statement of cash flows|13| |Notes to the financial statements|14 - 30| ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ The trustees present their report and accounts for the year ended 31 March 2022. The charity registered with the Charity Commission and was granted charitable status on 19 May 2008. The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2019). ## **Objectives and activities** The charitable objects of the company are “The preservation and protection of health and the promotion of community participation in healthy recreation through sport and physical fitness by supporting the development of greater participation and quality in sport in Cambridgeshire and Peterborough” The aim of Living Sport is “Improving health, happiness and wellbeing by supporting people to be active”. Our Values are: - Passionate about what we do - Striving for excellence - Making a positive impact - Working Collaboratively Living Sport entered into a new funding arrangement with Sport England in December 2021 which establishes base and core cost funding for a period of 5 years to March 2025. The overall awarded is for £2.5m and will be apportioned to support growth and transformation across each of the years. Funding will be drawn down annually and with the support of Sport England and the Active Partnership Network to ensure success and positive outcomes are achieved. Given a change in leadership at Living Sport and prominent new board recruitments the strategy for 2021 was delayed until the summer of 2022. The impact of the pandemic and the need to evolve and work differently took priority. We have continued to align with the evolving work of Sport England ‘Uniting the Movement’ and the 10 year strategy they have produced. A new 2 year strategy will be launched in the Summer of 2022. Living Sport proudly continues to be one of 43 Active Partnerships across England, part of the Active Partnerships network, supported by Sport England with substantial funds from the Sport Lottery. This funding is for a defined Primary Role: “A strong granular understanding of place and people; Ability to broker and facilitate a much wider range of relationships; Where necessary supporting projects and relationships on Sport England’s behalf”. Our focus continues to be needs based around the following themes; Children, Young People, Education, Place and Communities and Health and Wellbeing. The Living Sport team reverted to hybrid working at the end of 2021 and this continues. We have reaped the benefits of hybrid working and will continue to support it and see this as a long-term positive recruitment proposition for new talent and growth. We have continued to invest in IT infrastructure and the physical move to the new offices at Ambury House presents more space, parking and for us to be based alongside a leading sports lead organization locally, Huntingdonshire Football Association. The health and wellbeing of the staff team remains prominent as a priority. Our approach to hybrid working and building a culture that is transparent and open is crucial. The Senior Leadership Team has significant specialist experience in each of the strategic areas of our work and we are bolstering operational capacity to ensure we meet need and our growth ambitions. - 1 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ The impact on the lives of many post the pandemic and with the increased cost of living means that both individuals, families and community groups are having to make difficult choices about affordability. There are foodbanks in every district in which we work, and the cost of fuel and travel is impacting on the communities that we serve. We are mindful that areas of mental health and wellbeing are not being addressed and for those that in rural areas that the choices are even more restricted by location and transport. We plan through our annual business planning cycle and delivery to continue to focus on our specialist areas alongside our strategic partners such as Hunts Forum who we recognize offer the capability to convene meaningful and powerful dialogues to impact true change. The trustees have paid due regard to guidance issued by the Charity Commission on public benefit and in deciding what activities the charity should undertake. ## **Achievements and performance** Whilst the impact of the Covid Pandemic created a backdrop of ongoing concern the second half of the 2021 -2022 financial year saw a considerable upturn in delivery for Living Sport. We received the support of Sport England and the Active New Communities Steering Group, to repurpose the remaining 1.5 years of the Active New Communities project to work more broadly with communities across Cambridgeshire & Peterborough and aligning with the Think Communities team and local priorities. This new approach has allowed the project team greater flexibility and opportunity to pivot away from solely working with ‘new communities’ as per the original brief, however, there will continue to be some focus on new development sites. As a result of this Living Sport are working with the Think Communities team to discover and understand local priorities to inform targeted work, with a focus on working ‘with’ and ‘through’ communities. Also working alongside the relevant local authority and other necessary partners in the target places. We worked in three targeted new communities (Northstowe, Alconbury Weald and East Hampton) and were able to take our place-based work in Peterborough to another level by recruiting a new Partnerships Coordinator. Peterborough is one of our priority areas, with significant challenges regarding inactivity and high levels of deprivation. Having a dedicated staff lead in Peterborough allows a more coordinated and strengthsbased approach in linking up a variety of our work programmes across communities, the health sector, and children & young people. This work is supporting us both internally to maximise our resources at a hyper-local level but also allowing us to coordinate our external relationships so we can collaborate more effectively to support growth and sustainability in the city. We will use this deep dive approach to gain a greater understanding of how we can build upon the assets in diverse communities and work with local community leaders to discover, connect and mobilise these assets to support the communities to thrive. We continued to utilise Sport England’s Tackling Inequalities Fund which enabled work with new partners including smaller community organisations and groups in our target localities. We were able to focus on a more collaborative approach to funding and developing local activity, responding to the needs of people whose activity levels were worst affected by the pandemic. This has given significant insight and learning into inequalities in Cambridgeshire and Peterborough and how we need to work to address them. In this period, we distributed £103,730 across 39 projects that have collectively worked with over 2,250 people. Our delivery and oversight of the Healthy you programmed continued. The integrated lifestyle service contract we are commissioned to manage by Public Health had another successful year with a number of key outcomes and achievement of targets. Targets were met for physical activity and healthy eating programmes developed across Cambridgeshire and Peterborough (728) and just under 7,000 people participated in activities associated with this service. Data collected from participants showed that only 56% of participants were doing some meaningful physical activity before signing up to the service, whereas 81% were doing more than 30 minutes physical activity per week upon joining the service. The service has engaged with health professionals to embed referral pathways from health care into community activities, utilising social prescribing link workers to signpost directly into the activities and clinical service IT programmes to manage patient care pathways. - 2 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ As part of our Thriving Communities work we delivered the Wonder Women project in Peterborough in partnership with PCVS, NHS and partners from the VCSE sector. This was established through funding from Thriving Communities (National Academy for Social Prescribing and the Arts Council) and our contribution to the programme was to develop and deliver activities in three localities of Central Peterborough. We consulted with community groups to identify priority need. To support community lead activity and ongoing ownership we trained up someone from within the community to deliver activities for peers and set up walks in the local open spaces. The legacy of this work has led to the instructor gaining more work and continuing to lead activities locally. Building on this success we have also adopted this approach to secure further funding through Public Health to develop a diverse workforce project. The Ramblers Walking for Health scheme lost their grant support activity in 2020 and adopted a new model of operation to charge for scheme ownership, as well as a rebrand to Wellbeing Walks. We recognised the significant value of these health and wellbeing interventions and negotiated a package for the county to ensure that the schemes operating across Cambridgeshire and Peterborough could continue. In addition, we and secured equal funding contributions for the cost of this work from the 6 District and City Councils. The scheme now benefits from consistent volunteer support with first aid training, first aid kits and backpacks, free walk leader training and additional training support around mental health and wellbeing. We are very proud to share that there are now accessible volunteer led walks every day of the week in Cambridgeshire. Throughout 2022 we have witnessed first-hand the struggles for children and young people. The deficit of investment and provision is challenging and over 11% of the children and Young People we work with are in low-income families, with 17% of them eligible for free school meals. Furthermore, we estimate that only 43% of them are meeting the CMO guidelines to achieve 60 minutes of exercise a day. As an organisation we have over 14 years of experience in the area, and we are seeing the need to support disadvantaged communities increasing. We have funding to focus in this area, but the need does out strip capacity to deliver. We have focused on interventions through activities such as our Dragons Den workshop which targets underserved groups of young people within secondary education or within community groups. 200 young people from 8 secondary schools have taken part in targeted education dragons den projects, which have enabled new after school clubs to be set up targeting inactive, non-sporty students; with the highlight being the glow sports club being delivered at Cambourne Village College with over 50 young people attending some weeks alone. Through this we seek to empower young people to establish youth led sport and physical activity projects within their local communities. We are also prioritising opportunities to align with community safety around diversionary activities, youth engagement, and youth empowerment programmes. During 2021 we established a Youth panel which effectively acts as a check and challenge for funding for CYP tackling inequalities projects. We have empowered the panel this in turn enabled us to encourage organisations to embed youth voice in all of our work and ensure that the right “offer” is delivered to children and young people. Schools remain a significant priority for our delivery and during 2021 400 young people from school years 6,7,8 attended the inaugural annual Colour Run at Milton Country Park, which aimed to support those young people who had struggled with social isolation and anxiety as a result of the Covid-19 pandemic and those struggling with transition from primary to secondary education. Through our work with Opening Schools Facilities, we worked with 8 targeted schools to help support the establishment of 46 new clubs which exceeded our expectations. - 3 - # **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **Financial review** The charity had a deficit for the year of £29,885, £29,509 was the use of unrestricted funds. This left unrestricted reserves at 31st March 2022 of £127,157 (2021 - £156,666). Where restricted funds show a deficit balance this is due to projects running over a number of years where some expenditure has occurred in advance of funding being received. Living Sport has a Reserves Policy which is reviewed annually by the Finance Sub-Committee and takes into account the financial risks faced by the charity. The policy states that reserves should be held to cover two months’ running costs and costs associated with winding up if this were to become necessary. The current reserves target of Living Sport based on these calculations is £128,634 (2021 - £135,816). With free reserves at 31 March 2022 was £127,157, Living Sport has reserves which are in line with those required by the policy. Living Sport’s main funder is Sport England who give funding to Living Sport to carry out their role as an Active Partnership, as well as for a number of specific projects. System Partner funding from Sport England has been confirmed until March 2027, giving the charity a solid base on which to build the organisation over the next 5 years Living Active Limited (11214648) established as a trading company in February 2018 has remained dormant throughout the year. Two further companies, Active Youth Limited (13502527) and Youth Active Limited (13502520) were registered in July 2021 and also remain dormant. ## **Structure, governance and management** The charity is a company limited by guarantee and a registered charity governed by its Memorandum and Articles of Association. Living Sport Cambridge and Peterborough Sports Partnership Limited (Living Sport) is governed by a Board of Trustees, these are the members of the charitable company. The trustees, who are also the directors for the purpose of company law, and who served during the year were: |F D K Bennett|(Appointed 6 October 2021)| |---|---| |M Bradbury|| |D Coulson|| |C Gronow|| |J Humpston|(Resigned 31 December 2021)| |T F Hutchison|| |R N Mccurdy|(Appointed 6 October 2021)| |V Moore|| |J Morris|(Resigned 25 May 2022)| |S Morris|(Resigned 6 October 2021)| |S Ramzanali|| |A Wild|| |M G Woolhouse|| Trustees shall ordinarily serve a maximum of 2 terms of 3 years. None of the trustees has a beneficial interest in the company. All the trustees are members of the company and guarantee to contribute such sum (not exceeding £10) in the event of winding up. - 4 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ The Board is supported by a series of Sub-Committees which are: - Audit & Assurance Sub-Committee - Remuneration & Nominations Sub-Committee - Finance Sub-Committee As a result of the Covid Pandemic all Board and Sub-Committee meetings moved to being held online, and in addition to formal appointments to the Sub-Committees all Directors have received all papers for all meetings and invited to attend all meetings. New Directors have used this opportunity to observe a number of the SubCommittees as an extension of the formal Induction which they attended. Also the Finance Sub-Committee continued to meet monthly through the year to ensure that the Trustees were fully informed of the financial position of the charity. As we come out of the Covid pandemic, the charity is pursuing a broad range of activities as it seeks financial sustainability – grants and commissions, charitable fundraising, development of our own income generating activity and activities and engagement with commercial partners. The impact of the Covid Pandemic will be that diversification to achieve a broader balance of funding, away from the reliance on the very welcome Sport England funding, will take longer to achieve. The charity underwent a change in Senior Leadership during the year, but has a revised structure in place to ensure continuity of delivery and also ambitious plans to meet need. The team are longstanding members of staff and experts in their areas and are supported by an interim CEO with over 25 years’ experience in the not for profit sector. Living Sport has been assessed as being compliant with the UK Code of Sport Governance and is reviewing changes to the Code following a review by UK Sport and Sport England to ensure this continues. The Audit & Assurance Committee have taken responsibility for the implementation of a Board Development Plan developed following an independent Board Performance Review. The trustees regularly assess the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. The trustees regularly assess the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. ## **Auditor** In accordance with the company's articles, a resolution proposing that Azets Audit Services be reappointed as auditor of the company will be put at a General Meeting. Living Sport regularly tests the market and tendered for the auditors of the company in December 2020 / January 2021. The trustees' report was approved by the Board of Trustees. .............................. ## **F D K Bennett** Trustee Dated: .........................6th October 2022 - 5 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ The trustees, who are also the directors of Living Sport Cambridgeshire and Peterborough Sports Partnership Limited for the purpose of company law, are responsible for preparing the Trustees' Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these accounts, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the accounts; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. - 6 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **Opinion** We have audited the financial statements of Living Sport Cambridgeshire and Peterborough Sports Partnership Limited (the ‘charity’) for the year ended 31 March 2022 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). - In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 March 2022 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. - 7 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE TRUSTEES OF LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities is available on the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. - 8 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE TRUSTEES OF LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** **Extent to which the audit was considered capable of detecting irregularities, including fraud** Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above and on the Financial Reporting Council’s website, to detect material misstatements in respect of irregularities, including fraud. We obtain and update our understanding of the entity, its activities, its control environment, and likely future developments, including in relation to the legal and regulatory framework applicable and how the entity is complying with that framework. Based on this understanding, we identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. This includes consideration of the risk of acts by the entity that were contrary to applicable laws and regulations, including fraud. In response to the risk of irregularities and non-compliance with laws and regulations, including fraud, we designed procedures which included: - Enquiry of management and those charged with governance around actual and potential litigation and claims as well as actual, suspected and alleged fraud; - Reviewing minutes of meetings of those charged with governance; - Assessing the extent of compliance with the laws and regulations considered to have a direct material effect on the financial statements or the operations of the entity through enquiry and inspection; - Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations; - Performing audit work over the risk of management bias and override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for indicators of potential bias. Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of noncompliance. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. **Tracey Richardson BSc (Hons) FCA (Senior Statutory Auditor)** 17th October 2022 **for and on behalf of Azets Audit Services** ......................... **Chartered Accountants Statutory Auditor** Ruthlyn House 90 Lincoln Road Peterborough United Kingdom PE1 2SP Azets Audit Services is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. - 9 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Current financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
216,091
699,907
Charitable activities
**5**
17,703
1,954
Investments
**4**
46
-
Other income
**6**
21,892
30,212
**Total income**
255,732
732,073
**Expenditure on:**
Expenditure on charitable activities
**7**
290,626
727,064
**Net (outgoing)/incoming resources before**
**transfers**
(34,894)
5,009
Gross transfers between funds
5,385
(5,385)
**Net (expenditure)/income for the year/**
**Net movement in funds**
(29,509)
(376)
Fund balances at 1 April 2021
156,666
245,092
**Fund balances at 31 March 2022**
127,157
244,716|**Total**
**2022**
**£**
915,998
19,657
46
52,104
987,805
1,017,690
(29,885)
-
(29,885)
401,758
371,873|Total
2021
**£**
837,845
14,715
146
7,136| |---|---|---| |||859,842| |||817,331| |||42,511
-| |||42,511
359,247| |||401,758| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 10 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Prior financial year**
**Unrestricted**
**Restricted**
**funds**
**funds**
**2021**
**2021**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
222,430
615,415
Charitable activities
**5**
14,715
-
Investments
**4**
146
-
Other income
**6**
7,136
-
**Total income**
244,427
615,415
**Expenditure on:**
Expenditure on charitable activities
**7**
250,887
566,444
**Net (outgoing)/incoming resources before transfers**
(6,460)
48,971
**Net (expenditure)/income for the year/**
**Net movement in funds**
(6,460)
48,971
Fund balances at 1 April 2020
163,126
196,121
**Fund balances at 31 March 2021**
156,666
245,092|**Total**
**2021**
**£**
837,845
14,715
146
7,136| |---|---| ||859,842| ||817,331| ||42,511| ||42,511
359,247| ||401,758| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. - 11 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **BALANCE SHEET** ## _**AS AT 31 MARCH 2022**_ |**Notes**
**Fixed assets**
Tangible assets
**12**
**Current assets**
Debtors
**14**
Cash at bank and in hand
**Creditors: amounts falling due within**
**one year**
**15**
Net current assets
**Total assets less current liabilities**
**Income funds**
Restricted funds
**17**
Unrestricted funds|**2022**
**£**
102,092
312,384
414,476
(48,170)|**£**
5,567
366,306
371,873
244,716
127,157
371,873|**2021**
**£**
24,057
409,009
433,066
(39,446)|**£**
8,138
393,620| |---|---|---|---|---| |||||401,758| |||||245,092
156,666| |||||401,758| The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2022, although an audit has been carried out under section 144 of the Charities Act 2011. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of its financial statements under the requirements of the Companies Act 2006, for the year in question in accordance with section 476. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. 6th October 2022 The financial statements were approved by the Trustees on ......................... .............................. F D K Bennett **Trustee** ## **Company Registration No. 05894596** - 12 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**Notes**
**Cash flows from operating activities**
Cash (absorbed by)/generated from
operations
**20**
**Investing activities**
Purchase of tangible fixed assets
Proceeds on disposal of tangible fixed
assets
Investment income received
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net (decrease)/increase in cash and cash**
**equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2022**
**£**
(815)
226
46|**£**
(96,082)
(543)
-
(96,625)
409,009
312,384|**2021**
**£**
(6,469)
-
146|**£**
74,073
(6,323)
-
67,750
341,259
409,009| |---|---|---|---|---| - 13 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **Charity information** Living Sport Cambridgeshire and Peterborough Sports Partnership Limited is a private company limited by guarantee incorporated in England and Wales. The registered office is Armstrong House, Sovereign Court, Huntingdon, Cambridgeshire, PE29 6XU, United Kingdom. ## **1.1 Accounting convention** The accounts have been prepared in accordance with the charity's governing documents, the Companies Act 2006 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)” (as amended for accounting periods commencing from 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102. The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The accounts have been prepared under the historical cost convention. The principal accounting policies adopted are set out below. ## **1.2 Going concern** The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements, including the continued impact of COVID-19. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern. ## **1.3 Charitable funds** Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements. ## **1.4 Income** Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Any grant receivable is shown as an incoming resource once the charity has met any conditions relating to its receipt and when it has reasonable assurance that the grant will be received. The grant is shown within the appropriate fund, in accordance with any restrictions placed in its use by the donor. Incoming resources are only deferred if the donor has restricted their use until a future accounting period. ## **1.5 Expenditure** Resources expended are included in the Statement of Financial Activities on an accruals basis. - 14 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** ## **1.6 Tangible fixed assets** Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Plant and machinery 25% p.a. straight line The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year. ## **1.7 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). ## **1.8 Cash and cash equivalents** Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. ## **1.9 Financial instruments** The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. ## _**Basic financial assets**_ Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. - 15 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **1 Accounting policies** ## **(Continued)** ## _**Basic financial liabilities**_ Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Employee benefits** The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. ## **1.11 Retirement benefits** The charity operates a defined contributions pension scheme. Contributions are charged in the accounts as they become payable in accordance with the rules of the scheme. ## **2 Critical accounting estimates and judgements** In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. - 16 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**£**
**£**
Donations and gifts
461
2,000
Grants receivable
211,380
697,907
Sponsorship income
4,250
-
216,091
699,907
**Grants receivable for**
**core activities**
Sport England
211,380
583,754
Cambridgeshire County
Council (CCC)
-
105,653
Cambridgeshire
Community Foundation
-
-
Viridor
-
7,500
Papworth Trust
-
-
Football Foundation
-
-
CIMSPA
-
-
Cambridgeshire &
Peterborough CCG
-
-
National Lottery
Community Fund
-
-
Huntingdonshire District
Council COVID relief
-
-
Wellbeing together
-
1,000
211,380
697,907|**Total** Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
£
£
2,461
-
3,122
909,287
216,380
612,293
4,250
6,050
-
915,998
222,430
615,415
795,134
211,380
477,452
105,653
-
105,004
-
-
(1,000)
7,500
-
3,500
-
-
7,537
-
-
5,000
-
-
7,000
-
-
6,800
-
-
1,000
-
5,000
-
1,000
-
-
909,287
216,380
612,293|Total
2021
£
3,122
828,673
6,050| |---|---|---| |||837,845| |||688,832
105,004
(1,000)
3,500
7,537
5,000
7,000
6,800
1,000
5,000
-| |||828,673| ## **4 Investments** Interest receivable |**Unrestricted**|Unrestricted| |---|---| |**funds**|funds| |**2022**|2021| |**£**|£| |46|146| - 17 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **5 Charitable activities** ||**Promotion**|**Promotion**| |---|---|---| ||**of sport**|**of sport**| ||**2022**|**2021**| ||**£**|**£**| |Events income|4,107|4,022| |Commissions and contracts|4,470|-| |Workshops income|11,080|10,693| ||19,657|14,715| |Analysis by fund||| |Unrestricted funds|17,703|14,715| |Restricted funds|1,954|-| ||19,657|14,715| ## **6 Other income** ||**Unrestricted**|**Restricted**|**Total**|Unrestricted| |---|---|---|---|---| ||**funds**|**funds**||funds| ||**2022**|**2022**|**2022**|2021| ||**£**|**£**|**£**|£| |Other income|21,892|30,212|52,104|7,136| - 18 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **7 Expenditure on charitable activities** ||**Promotion**|**Promotion**| |---|---|---| ||**of sport**|**of sport**| ||**2022**|**2021**| ||**£**|**£**| |Staff costs|583,057|495,349| |Depreciation and impairment (including profit and loss on disposal)|3,160|3,110| |Other costs|141,100|129,708| ||727,317|628,167| |Grant funding of activities (see note 8)|210,627|119,405| |Share of support costs (see note 9)|68,500|59,214| |Share of governance costs (see note 9)|11,246|10,545| ||1,017,690|817,331| |**Analysis by fund**||| |Unrestricted funds|290,626|250,887| |Restricted funds|727,064|566,444| ||1,017,690|817,331| ## **8 Grants payable** ||**Promotion**|
Promotion of| |---|---|---| ||**of sport**|sport| ||**2022**|2021| ||**£**|£| |Grants to institutions:||| |Other|210,627|119,405| ## Promotion of sport Grants are made to organisations that share similar objectives, to promote sporting activity. - 19 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**9**
**Support costs**
Support costs
Audit fees
Legal and professional
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
68,500
-
-
6,240
-
5,006
68,500
11,246
68,500
11,246|**2022**
**£**
68,500
6,240
5,006
79,746
79,746|Support
costs
Governance
costs
£
£
59,214
-
-
5,940
-
4,605
59,214
10,545
59,214
10,545|2021
£
59,214
5,940
4,605| |---|---|---|---|---| |||||69,759| |||||69,759| Governance costs includes payments to the auditors of £6,240 (2021 - £5,940) for audit fees. ## **10 Trustees** None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. One trustees received reimbursement of expenses during the year of £146 (2021 - £Nil). ## **11 Employees** The average monthly number of employees during the year was: |**Employment costs**
Wages and salaries
Social security costs
Other pension costs|**2022**
**Number**
18
**2022**
**£**
524,432
44,665
13,960
583,057|**2021**
**Number**
16| |---|---|---| |||**2021**
**£**
447,934
35,395
12,020| |||495,349| Included in the above are termination payments made under settlement agreements totalling £17,776 made to 1 member of staff (2021 - £Nil). - 20 - ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**11**
**Employees**
The number of employees whose annual remuneration was £60,000 or
more were:

£70,000 - £80,000
**12**
**Tangible fixed assets**
**Cost**
At 1 April 2021
Additions
Disposals
At 31 March 2022
**Depreciation and impairment**
At 1 April 2021
Depreciation charged in the year
Eliminated in respect of disposals
At 31 March 2022
**Carrying amount**
At 31 March 2022
At 31 March 2021
**13**
**Financial instruments**
**Carrying amount of financial assets**
Trade debtors excluding bad debt provision
Other debtors
Bank and cash
Measured at cost|**(Continued)**
**2022**
**2021**
**Number**
**Number**
1
-
**Plant and machinery**
**£**
36,714
815
(10,778)
26,751
28,576
3,173
(10,565)
21,184
5,567
8,138
**2022**
**2021**
**£**
**£**
94,472
6,875
54
-
312,384
409,009
406,910
415,884| |---|---| - 21 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **(Continued)** ## **13 Financial instruments** ## **Carrying amount of financial liabilities** |Trade creditors
Accruals
Other taxation and social security
Other creditors
Measured at cost
**14**
**Debtors**
**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments
Accrued income|9,945
23,569
11,052
2,699
47,265
**2022**
**£**
90,342
54
11,279
417
102,092|6,135
16,816
10,927
4,443| |---|---|---| |||38,321| |||**2021**
**£**
6,875
-
16,182
1,000| |||24,057| Included in accrued income is £417 (2021 - £1,000) apprentice incentive that was received after the year end. ## **15 Creditors: amounts falling due within one year** |**Notes**
Other taxation and social security
Deferred income
**16**
Trade creditors
Other creditors
Accruals|**2022**
**£**
11,052
905
9,945
2,699
23,569
48,170|**2021**
**£**
10,927
1,125
6,135
4,443
16,816| |---|---|---| |||39,446| ## **16 Deferred income** ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Other deferred income|905|1,125| Deferred income is for courses and events that are to take place after the year end. - 22 - ||**Balance at**|**31 March 2022**|**£**|2,855|1,192|-|19,038|-|-|-|-|25,374|3,133|28,017|4,938|33,470|1,545|-|-|-|-|-|(2,257)|117,305| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**Transfers**||**£**|-|-|14|-|-|-|-|-|-|-|(8,760)|(5,305)|-|-|-|-|1,074|-|-|-|(12,977)| |**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|-
(145)|-
(3,809)|-
(1,233)|5,763
(30,597)|-
-|-
-|-
-|19,089
(19,093)|37,620
(30,492)|-
(630)|-
(4,367)|23,805
(47,052)|125,681
(113,984)|-
(2,021)|-
(250)|-
(97)|-
(5,555)|-
-|-
(1,500)|48,864
(51,121)|260,822
311,946| ||**Balance at**|**1 April 2021**|**£**|3,000|5,001|1,219|43,872|-|-|-|4|18,246|3,763|41,144|33,490|21,773|3,566|250|97|4,481|-|1,500|-|181,406| |**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|-
(10,368)|8,000
(13,350)|-
(22,168)|121,420
(95,392)|-
(8,886)|-
(8,412)|-
(5,066)|28,800
(39,482)|37,500
(33,734)|-
-|12,250
(7,067)|62,536
(45,482)|125,000
(113,805)|-
(255)|-
(1,532)|-
(203)|1,000
(6,519)|(1,000)
-|5,000
(3,500)|30,218
(30,218)|430,724
445,439| ||**Balance at**|**1 April 2020**|**£**|13,368|10,351|23,387|17,844|8,886|8,412|5,066|10,686|14,480|3,763|35,961|16,436|10,578|3,821|1,782|300|10,000|1,000|-|-|196,121| |||||Disability Sport|DfE Volunteering|School Games|Satellite Clubs|Primary Link Funding|Volunteering|Coaching|The Daily Mile|Workforce|Handball|Lets Get Moving Cambridgeshire|Active Families|Active New Communities|Workplace Health|Play with Pride|Club Development - Viridor|Walking Sports|Moving Forwards|Active through football|Healthy You|Carried forward to next page| ## |**(Continued)**||**Balance at**|**31 March 2022**|**£**|117,305|-|-|-|-|-|3,122|46,046|1,000|13,160|25,000|14,000|1,000|-|9,583|-|14,500|244,716| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||**Transfers**||**£**|(12,977)|-|392|-|-|(1,166)|-|(300)|-|-|-|-|-|1,166|7,500|-|-|(5,385)| ||**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|260,822
311,946|7,500
(7,500)|50,000
(70,633)|-
(3,006)|-
(7,000)|1,000
(6,119)|-
-|192,055
(169,741)|1,000
-|19,484
(6,324)|25,000
-|14,000
-|1,000
-|834
(2,000)|2,500
(417)|130,378
(130,378)|26,500
(12,000)|732,073
727,064| |||**Balance at**|**1 April 2021**|**£**|181,406|-|20,241|3,006|7,000|6,285|3,122|24,032|-|-|-|-|-|-|-|-|-|245,092| ||**Movement in funds**|**Incoming**
**Resources**|**resources**
**expended**|**£**
**£**|430,724
445,439|3,500
(3,500)|100,000
(79,759)|7,537
(4,531)|7,000
-|6,800
(515)|3,122
-|56,732
(32,700)|-
-|-
-|-
-|-
-|-
-|-
-|-
-|-
-|-
-|615,415
(566,444)| |||**Balance at**|**1 April 2020**|**£**|196,121|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|-|196,121| |**Restricted funds**|||||Brought forward|Viridor|Tackling Inequalities|Papworth Trust|CIMSPA|CCG - Mental Health|Fundraising - Local Joes|Children and Young People (CYP)|Fundraising - John Lewis|Healthy Weight - Active mile|Healthy Weight - Diverse Communities|Healthy Weight - Dragon's Den|Tesco Families|Wellbeing Together|Wellbeing Walks|Opening up School Facilities|Commonwealth Games Legacy|| |**17**||||||||||||||||||||||| ## |**Restricted funds**
**(Continued)**|Disability Sport - a series of projects to enhance existing disability sports activities across the partnership area linked with the Ability Plus Group Development Plan.|DfE Volunteering - Sport England programme with funding from the Department for Education to recruit and support coaches to work in support of Levels 1 & 2 of|the School Games.|School Games -
Sport England programme for the organisation of Level 3 / County School Games Festivals on behalf of a School Games Local Organising|Committee.|Satellite Clubs -
Sport England programme with grant funding to support groups to establish activities targeted for less active young people to increase their|participation in sport and physical activity.|Primary Link Funding -
Sport England funding support for Living Sport to support Primary Schools with the effective use of the Sport premium to improve the|provision of physical education and school sport.|Volunteering - programme to support the training and development for community sports volunteering.|Coaching -
Funding from Sport England used to support the training and development of sports coaches, including through bursaries to support acquisition of|coaching qualifications.|The Daily Mile - Sport England funding to support the promotion of The Daily Mile amongst schools of Cambridgeshire & Peterborough.|Workforce - Sport England funding for Active Partnerships to support the development of the workforce delivering sport and physical activity, be that in a voluntary or|professional capacity.|England Handball – An England Handball funded programme to increase handball participation through the School Games and other competitions including|upskilling school staff.|Lets Get Moving Cambridgeshire - Cambridgeshire County Council Health Committee investment in a collaborative project with the 5 City / District Councils to|identify and share information about existing opportunities, develop new opportunities and support people, particularly those in greater need, to become more|physically active.| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |**17**||||||||||||||||||||| ## **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_ |**18**
**Analysis of net assets between funds**
**Unrestricted**
**funds**
**Restricted**
**funds**
**2022**
**2022**
**£**
**£**
Fund balances at 31
March 2022 are
represented by:
Tangible assets
5,567
-
Current assets/
(liabilities)
121,590
244,716
127,157
244,716|**Total** Unrestricted
funds
Restricted
funds
**2022**
2021
2021
**£**
£
£
5,567
8,138
-
366,306
148,528
245,092
371,873
156,666
245,092|Total
2021
£
8,138
393,620| |---|---|---| |||401,758| ## **19 Operating lease commitments** At the reporting end date the charity had outstanding commitments for future minimum lease payments under non-cancellable operating leases, which fall due as follows: |Within one year
Between two and five years
**20**
**Cash generated from operations**
(Deficit)/surplus for the year
Adjustments for:
Investment income recognised in statement of financial activities
Gain on disposal of tangible fixed assets
Depreciation and impairment of tangible fixed assets
Movements in working capital:
(Increase)/decrease in debtors
Increase in creditors
(Decrease) in deferred income
**Cash (absorbed by)/generated from operations**|**2022**
**£**
8,953
953
9,906
**2022**
**£**
(29,885)
(46)
(13)
3,173
(78,035)
8,944
(220)
(96,082)|**2021**
**£**
12,620
1,907| |---|---|---| |||14,527| |||**2021**
**£**
42,511
(146)
-
3,110
25,772
4,151
(1,325)| |||74,073| ## **21 Analysis of changes in net funds** The charity had no debt during the year. - 29 - **LIVING SPORT CAMBRIDGESHIRE AND PETERBOROUGH SPORTS PARTNERSHIP LIMITED** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 MARCH 2022**_ ## **22 Related party transactions** ## **Remuneration of key management personnel** The remuneration of key management personnel including settlement agreements, is as follows. ||**2022**|**2021**| |---|---|---| ||**£**|**£**| |Aggregate compensation|221,365|176,982| ## **Transactions with related parties** No one individual has overall control of the charity. Each Trustee and members of staff complete a Declaration of Interest and these are noted at every meeting of the Board and its Sub-Committees. The Trustees are appointed as individuals but do have involvement with organisations which Living Sport works with on a regular basis. During the past year Living Sport has received resource support from some organisations and has also supported activities with: Nene Park Trust – M Bradbury Cambridge Sport Lakes Trust / Milton Country Park – M Woolhouse In no instance has any Trustee or member of Management Team been involved in the individual decisions on the allocation of any resources in support of this work. Sport England as the major funder has rights to attend Living Sport Board meetings. - 30 -