REGISTERED COMPANY NUMBER: 06531532 (England and Wales)
REGISTERED CHARITY NUMBER: 1128529
Report of the Trustees and
Financial Statements for the Year Ended 31 March 2023
for
Dame Kelly Holmes Trust
PKF Francis Clark
90 Victoria Street Redcliffe Bristol BS1 6DP
Dame Kelly Holmes Trust
Contents of the Financial Statements for the Year Ended 31 March 2023
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|Report|of the Trustees|1|to|12|
|Report of|the|Independent Auditors|13|to|16|
|Statement of Financial|Activities|17|
|Balance|Sheet|18|
|Cash|Flow Statement|19|
|Notes to the Cash|Flow Statement|20|
|Notes|to|the|Financial|Statements|21|to|44|
|Detailed|Statement|of Financial|Activities|45|to|46|
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
The trustees who are also directors of the charity for the purposes ofthe Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2023. The trustees have adopted the provisions of 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) (effective 1 January 2019).
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Dame Kelly Holmes Trust
Report of the Trustees forthe Year Ended 31 March 2023
OBJECTIVES AND ACTIVITIES Trustees' Report - Overview of the Year
This year has seen the Trust continue to work towards our ambition of supporting 10,000 young people who are facing challenges in their everyday lives due to inequality, to help them manage their well-being, whilst ensuring they have the confidence, resilience and self-esteem to lead happy, healthy lives by 2032.
Young people are facing a perfect storm of crisis after crisis. Brexit, Covid, the War in Ukraine and now the Cost-of-Living Crisis. Young people believe they can overcome challenges, but they need the practical support to build up their confidence and skills.
The Princes Trust 2023 Youth Index worryingly confirmed the complexities and vulnerabilities we are seeing ona day-to-day basis:
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63% of young people say they are scared for the future.
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- 62% of young people say they always or often feel stressed.
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60% of young people from poorer backgrounds think that the cost of living crisis with have a worse impact on their life than the pandemic.
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56% of young people say they always or often feel anxious.
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- 22% feel they will 'fail in life’.
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*Princes Trust Youth Index 2023
Strategic Review
Against our strategic priorities laid out in the business plan, we have made the following progress:
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Deliver Impactful Programmes - Embedded an overarching monitoring, evaluation, and learning framework with a revised theory of change
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- Started delivering to young people within children's hospitals to increase reach. - 1,734 started a programme in the first 2 years, with a further 600-1,000 projected to start this FY.
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- Established a hub location in Sheffield to increase reach and embed impact, with other hubs in development.
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- Introduced a project management platform and increased the skills and expertise of the Programmes Committee.
Shaped by Young People
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Worked with Savanta to survey 2000+ young people to understand the challenges they are facing, what they need to maintain positive mental and physical well-being, and how they wish to receive support. This will help shape our services in the next planning cycle.
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Strengthen our Commitment to Athletes - Launched and recruited new athletes with experience in youth engagement. - Developed an athlete voice group to shape our support and internal developments.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
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Strengthen our Core, Sustain our Future - Undertook an internal audit of our Tier 3 governance level administered by Sport England and UK Sport.
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- Currently developing the Trusts Diversity, Inclusion Action Plan. - Undertook a digital audit supported by Cisco. We are now building a roadmap for the next 3-5 years.
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Reviewed our recruitment and onboarding process and developed an improvement plan. Listened to staff views around learning and development to build into our people plan.
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- We still haven't returned to pre-pandemic levels of income, but we have robust processes and management oversight to monitor this, plus a clear unrestricted reserves target set by the board.
Amplify our Voice, Grow our Community
- Conducted a brand refresh, launched a new website and undertook internal training on the brand language and guidelines.
Highlights from the year include:
Westfield Health
This year saw us deliver our second year in our first Hub in Sheffield thanks to our partnership with Westfield Health, who became the Trust's first Double Gold corporate partner in 2021. A powerful and value-led partnership delivering on our strategic objectives and opening new opportunities, Dame Kelly Holmes Trust and Westfield Health launched a three-year charitable partnership, focused on improving health and wellbeing amongst young people in Sheffield, with big ambitions to expand programmes nationally.
This year we have supported over 190 students across 12 schools in Sheffield and delivered our first Young Leaders programme in partnership with Sheffield Hallam University. As well as mentoring and supporting students to improve their relationship with their health and well-being, the young people are also giving back to their community through social action projects, specifically for those who are about to transition from primary to secondary schools.
In addition, this partnership has enabled us to secure additional funding to provide 1:1 mentoring support as part ofa national pilot, for young people on the fringes ofcriminal activity.
Children's Hospital's
Thanks to the Peter Sowerby Digital Breakthrough Fund, we have begun to scale up our digital offer of support in partnership with Alder Hey Children's Hospital.
Dame Kelly Homes Trust athlete mentors are supporting in and outpatients at Alder Hey Children's Hospital in their recovery by helping them become more physically active and increasing their wellbeing, through the Ready, Steady, Go programme. Starting in Alder Hey Children's Hospital, with an announcement planned for next year of a second partnership, the Trust sees this as an important development to expand our programme offerings into healthcare settings, supporting young people when and where they need it.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
St James's Place Foundation Two years ago, St James's Place Charitable Foundation engaged the Trust to deliver programmes specifically focussing on young women. Since then, 181 female students from schools across the country have received transformational mentoring from our sporting champions thanks to the funding and next year will see us deliver a third year of support. These programmes seek to improve the girls' health and well-being, challenge gender stereotypes, and improve their resilience and ability to deal with setbacks and recover from difficulties. 12 programmes have been delivered throughout 2021 and 2022 in schools and it was fantastic to see the results and the huge positive impact they are having. Well-being improved by an average of 11% across the participants, with confidence up 7%, self-esteem up 11% and resilience rising by 14%.
Youth Voice
When we launched our ten-year ambition to support 10,000 young people facing disadvantage due to inequality in their everyday lives to become the best version of themselves in 2021, we put young people at the front and centre of everything we do. As part of this ambition, we made a commitment to be Shaped by Young People. That means being informed by them and being accountable to them.
That's why this year we've been excited to hear more of their views on what the key issues, challenges and barriers facing young people today are, in their opinion; as well as learning more about what their ideal wellbeing programme might include.
In conjunction with market research organisation Savanta and thanks to funding from the National Lottery, over the past six months, we've been engaging with over two thousand young people from across the UK. We will use the results to inform our programme content and delivery structure to ensure we are providing the best possible means for them to be the best versions of themselves. And we'll unashamedly shout about what we've learnt to make sure their voices are heard.
With their input, our sporting champions will help the next generation move forward with confidence.
Thank you
Finally, we'd like to say thank you to every school, community and health partner, every parent, teacher, community worker, youth worker, clinician, housing support worker, funder, and volunteer for your support this year. We remain humbled and honoured that the young people and our partners, trust us to work with them and for our athlete mentors to stand shoulder to shoulder with young people.
With your.continued support and the dedication of our committed trustees, athlete mentors and staff, we are confident that we will continue to positively impact the lives of the young people we support and the communities where they live.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
Statement of Public Benefit
The charity's Trustees have complied with their duty in Section 4 of the Charities Act 2011 to have due regard to Public Benefit guidance issued by the Charity Commission. The Trustees do not receive any private benefit from the charity.
The public benefit outcomes identified by Trustees with regard to the advancement of education are as follows:
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i) Supporting disadvantaged young people up to the age of 25 and helping them to lead a more positive life.
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ii) The development ofa new inspiring workforce from retired world-class sporting champions.
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iii) Providing engaging learning opportunities to empower young people to develop skills to raise their aspirations, realise their potential and have their achievements recognised, thereby reducing the risk of them experiencing social exclusion and being drawn into antisocial or criminal behaviour.
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iv) Empowering young people as individuals so that they may actively engage in and contribute to the planning process and future direction of the Charity and the communities in which they live and take greater responsibility for planning their own lives.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
STRATEGIC REPORT
Trustees Report - Financial Review
The Trust achieved total unrestricted and restricted income of £600k (2022: £642k) with total unrestricted and restricted expenditure of £914k (2022: £1.064m). This resulted in an unrestricted deficit for the year of £178k (2022: deficit of £262k) and a restricted deficit for the year of £136k (2022: £186k deficit).
Our fund balances as at 31 March 2023 stand at Unrestricted: £99k and Restricted: £90k
Despite another challenging year where the impact of COVID-19 is still being felt by the organisation in terms of income levels and competition for funds, this has been exacerbated by the war in Ukraine and the cost-ofliving crisis. The trustees and committees are keeping a close eye on the cash flow and reserves position and have we agreed on metrics and key milestones which the executive team report back on. The two areas of key focus for next financial year are to achieve a surplus budget and to have an unrestricted reserve of £100k. Although this will still not bring us back to pre-pandemic levels of unrestricted reserves, we have a number of core activities in FY 24-25 which will raise additional core funds, such as our Champions Ball at the Landmark Hotel in May, celebrating 20 years since our founder won her double gold medals and in the buildup to Paris 24, where supporters will raise funds for the Trust.
Although there have been areas of success this year, we continue to monitor the unrestricted expenditure and implement cost control plans, including reviewing staffing structures and recruitment requirements. As with last year, we have worked hard to ensure our procurement procedures are sufficiently in place so that expenditure is closely monitored to be able to achieve a reserves position that enables the Trust to be able to run ina secure position to carry out our purpose.
Income Generation
Our income is derived from Corporates, Trusts and Foundations, Fundraising events and Partnerships, Individual Giving and Public Funding. We aim to not be over-reliant on any funding source. Our restricted income totalled £453k with the largest source being Corporate Funding Income (£289k) followed by Trusts and Foundations income (£113k) and Public (£51k). Our largest contract during the year was delivered through AQA (£156k), followed by Westfield Health (£118k), The National Lottery (£50k), Peter Sowerby Trust (£40k) and Dallaglio Rugby Works (£34k) as well as the continuation of existing and smaller contracts.
Our unrestricted income totalled £147k with the largest source being Donations and Legacies (£132k). This was split as follows; £110k donations from organisations, £12k event income, £8.5k donations from individuals and £1.5k legacy donations.
Internal Controls
The Trust has a clear and consistent strategy aligned with the organisational structure. The strategy has been developed to exploit identified opportunities whilst monitoring material risks and implementing appropriate internal controls to mitigate risks. The Trustees are ultimately responsible for internal controls and risk management. In acknowledgement of its responsibilities, the Trustees have closely monitored the following internal controls: - Approval of payment authorisation policy to ensure that only legitimate business-related transactions are processed for payment. - Approval of annual budgets, monthly management accounts and cashflows which allow the Board and the executive team to monitor the key business and financial risks throughout the year. - Employment of suitably qualified and/or experienced staff to take responsibility for the
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
key areas of the Charity's business supported by a formal appraisal system. - Ensuring that we are demonstrating the best values and that we are using our resources effectively for wider charitable beneficiaries. The Trust adheres to strict data protection procedures in the handling of sensitive data. These include restriction of access of key stakeholders’ data to designated personnel through approved measures such as compulsory use of passwords and access rights.
Reserves
During the year, the Trustees reviewed the current reserves policy and accepted that it remains in line with the aims and vision of the Trust; the Board has been regularly reviewing funds within the scopeofthe reserves policy against the latest risks, opportunities, financial outturn, plans and projections for the year. As of 31 March 2023, total funds are £190k (2022: £504k). General Unrestricted funds are showing a balance of £99k (2022: £276k) and restricted funds a balance of £90k (2022: £227k).
The aim of the Trustees, as stated within the Trust's reserves policy, is to have sufficient free reserves set aside to cover three to six months of close-down operating costs if needed. We continuously review this position and will keep monitoring it through both our Finance and Audit Committee and the Board. Our £99k free reserves currently give us 2.6 months of all operating and wind-down costs.
Investment Policy
The objectives of the investment policy are for the Trust to seek the best financial return within an acceptable level of risk for both long term and short-term reserves with the ability to meet unanticipated cash flow requirements. We also ensure that allocated restricted funding is invested short term with Board approval. The Trustees regularly review the investments that are held and approve any additional investment recommendations made by the executive team.
Remuneration Policy for Staff and Key Management Personnel
The pay ofall staff is reviewed annually by the Remuneration & Nominations Committee with oversight from the Finance & Audit Committee as part of the budget setting and management process. The Remuneration & Nominations Committee also approves any increments and performance-related payments of senior staff in accordance with average earnings in the sector. In view of the nature of the charity, the Trustees benchmark against pay levels in other sports for development, education and youth development charities.
2023/2024 Projections
As we move into 2023-2024, we are acutely aware that the environment is still tough, especially with the fundraising and income challenges the sector faces with the current macro environment. This year we are looking to move closer to our pre-pandemic levels of income with clear targets on achieving a surplus budget and unrestricted reserve levels. This year we will be launching our Champions Ball as mentioned previously in the report, and although the event won't take place until 2024/2025, it is a signal of our intent to diversify our income streams and reliance on contracted income. Although we have a healthy pipeline of opportunities, we are also mitigating risks in our forecasts, such as developing a corporate appeal to accelerate our work within Children's Hospitals over the next 3 years. Within this financial year, this area of work has advanced further with a partnership with Great Ormond Street Hospital which we are extremely proud of.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
Our work is also being recognised externally and we have been shortlisted for three charity sector awards, which will further our profile and reputation when bidding for corporate partnerships, we also have the exciting opportunity of being part of the Sport Gives Back Awards in February 2024, which will be aired on ITV1 in March and will provide a great base to engage with new supporters and funders as guests on the evening. We are acutely aware of our key milestones within the operating year which are monitored throughout the organisation, and we have robust cost controls in place and an agile structure to work from.
Risk Management The Trustees have a duty to identify and review the risks to which the Charity is exposed and to ensure that appropriate controls are in place to provide reasonable assurance against fraud and error. During this year we continued to monitor our 'Risk Management System’. The Risk Management System provides:
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Anongoing review of the risks we may face.
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The establishment of systems and procedures to mitigate those risks identified.
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- The implementation of procedures designed to minimise any potential impact should those risks materialise.
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This has identified that there are four primary risks which are recognised, monitored and managed at Board level: 1. Sustainable funding and diverse income streams - allowing us to build and maintain a prudent level of reserves whilst testing new approaches to ensure we are reaching young people how and when they need our support.
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Safeguarding of young people and athletes (incl. code of conduct & data protection). 3. Governance ofthe Charity and in particular succession of trustees and key personnel and our commitment to Equality, Diversity & Inclusion across the organisation.
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Enhancing our digital capability and effectiveness both programmatically and operationally to ensure we are utilising digital solutions to scale our delivery, underpin the young people's experience and learning whilst maintaining the highest levels of data security and compliance.
All risks have been identified at Board and Committee level and are owned by Trustee Committee Chairs and appropriate Executive Senior Managers. Where individuals within the Trust have responsibility for monitoring budgets or other aspects of the control environment, we have ensured that they have the appropriate skills and knowledge to carry out these tasks. In addition, we have developed a major overhaul of our data management systems_as_part of our GDPR compliance action plan, and embedded a new policy for safeguarding alongside a staff training programme.
Health and Safety
We are committed to continual improvement in health and safety performance. We recognise our duty of care to personnel, volunteers, and members of the public and young people using our services. We have a comprehensive welfare and safeguarding policy for all our work with young people and continue to review staff knowledge, training and processes and controls.
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Dame Kelly Holmes Trust
Report of the Trustees : for the Year Ended 31 March 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Dame Kelly Holmes Trust is a Company Limited by Guarantee as defined by the Companies Act 2006, governed by its Articles of Association which were reviewed, amended, and adopted by special resolution on 24 October 2018. It is registered as a Charity. We have a Code of Governance that sets out our internal governance structure and this is reviewed annually. Terms of reference are in place for all committees:
The Programmes Committee is led by Nigel Boatswain, the Finance and Audit Committee is led by Paula Harris, the Income Generation Committee is led by Catherine Baker and the Remuneration and Nomination Committee is led by Tina Kokkinos. Committees meet quarterly prior to Board meetings, and they systematically review associated KPls and targets for that goal area, the risks linked to their goal and provide challenge and support to the Executive team. In addition, this year there have been joint meetings looking at challenges and ambitions across the Trust and key Trustees have provided additional support and challenge for wider staff members involved in digital capacity and effectiveness. All Trustees have an open invitation to visit our programmes, meet with the young people and see our work first-hand and engage in an annual strategy planning day.
Trustee Recruitment: this year we have been fortunate that we have not needed to recruit any new trustees. When a need is identified to recruit trustees the Remuneration and Nominations Committee manages the process. The committees aim to have at least two Trustee members, and meetings require a quorum of two trustees. The Vice Chair, who is also our Senior Independent Director, is the Chair of the Remuneration and Nominations Committee. The role of the Remuneration and Nominations Committee is to monitor and review the structure and composition of the Board and Committees, leading the process forall Board/Committee appointments, submit recommendations for Board/Committee appointments to the Board for consideration on and if appropriate, approval.
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number 06531532 (England and Wales)
Registered Charity number
1128529
Registered office 7a Northumberland Buildings Bath BA1 2JB
Trustees Ed Bracher- Chair Tina Angela Kokkinos - Vice Chair & Senior Independent Director Paula Harris - Treasurer Nigel Boatswain Joy Aboim Catherine Baker Martin Henlan Helen Donavan Sue Piper
5 formal board meetings were held in the year. Attendance was as follows:
| Attended | Outofa possible | |
|---|---|---|
| Ed Bracher | 5 | 5 |
| TinaAngela Kokkinos | 5 | 5 |
| Paula Harris | 4 | 5 |
| Nigel Boatswain | 5 | 5 |
| JoyAboim Catherine Baker |
4 5 |
5 5 |
| Martin Henlan | 4 | 5 |
| Helen Donovan | 4 | 5 |
| SuePiper | 4 | 5 |
Numbers indicate attendance whilst serving on the Board. In addition, trustees attend committee meetings and working groups throughout the year committing numerous hours in supporting the Exec.
Auditors
PKF Francis Clark Chartered Accountants & Statutory Auditor 90 Victoria Street Bristol BS1 6DP
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Dame Kelly Holmes Trust
Report of the Trustees for the Year Ended 31 March 2023
Bankers HSBC 60 Fenchurch Street London EC3M 4BA President Colonel Dame Kelly Holmes Chief Executive Ben Hilton - to 6 October 2023 Martin Talbot (Interim) - from 7 October 2023
STATEMENT OF TRUSTEES' RESPONSIBILITIES
The trustees (who are also the directors of Dame Kelly Holmes Trust for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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- observe the methods and principles in the Charity SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
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- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- In so far as the trustees are aware: - there is no relevant audit information of which the charitable company's auditors are unaware; and - the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
AUDITORS
The auditors, PKF Francis Clark, will be proposed for re-appointment at the forthcoming Annual General Meeting.
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Dame Kelly Holmes Trust
Report of the Trustees forthe Year Ended 31 March 2023
Report ofthe trustees, incorporating a strategic report, approved by order of the board of[trustees,][as][the] company directors, on 20" November 2023 and signed on the board's behalf by:
E BracherTrustee
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Report of the Independent Auditors to the Members of Dame Kelly Holmes Trust
Opinion
We have audited the financial statements of Dame Kelly Holmes Trust (the ‘charitable company') for the year ended 31 March 2023 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
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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 2023 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;
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- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
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- 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 Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of[the][financial] statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation ofthe 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 charitable company'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 ofthis[report.]
Other information
The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether 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.
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Report of the Independent Auditors to the Members of Dame Kelly Holmes Trust
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Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: - the information given in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and
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- the Report of the Trustees has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charitable company and its environment obtained in the course ofthe audit, we have not identified material misstatements[in] the Report[of][the][Trustees.]
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We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: - adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
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certain disclosures of trustees' remuneration specified by law are not made; or
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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 charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.
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Report of the Independent Auditors to the Members of Dame Kelly Holmes Trust
Our responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors 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.
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
As part of our audit planning we obtained an understanding of the legal and regulatory framework that is applicable to the entity and the sector in which it operates to identify the key laws and regulations affecting the entity. As part of this assessment process we discussed with management the laws and regulations applicable to the Charitable Company.
The key laws and regulations we identified were employment, health and safety legislation and The General Data Protection Regulation ("GDPR").
We also considered those laws and regulations have a direct impact on the preparation of the financial statements, primarily Companies Act 2006 and Charities Act 2011.
We discussed with management how the compliance with these laws and regulations is monitored and discussed policies and procedures in place. We also identified the individuals who have responsibility for ensuring that the entity complies with laws and regulations and deal with reporting any issues if they arise.
As part of our planning procedures, we assessed the risk of any non-compliance with laws and regulations on the entity's ability to continue operating and the risk of material misstatement to the financial statements. Based on this understanding we designed our audit procedures to identify non-compliance with such laws and regulations.
Our procedures involved the following:
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Enquiries of management regarding their knowledge of any non-compliance with laws and regulations that could affect the financial statements;
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Reviewed legal and professional costs to identify any possible non-compliance or or legal costs in respect of non-compliance;
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We also evaluated management's incentives and opportunities for management bias, override of controls and manipulation ofthe[financial] statements. To address the[risk,] we:
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Used data analytics to test journal entries throughout the year, for appropriateness;
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- Reviewed estimates and judgements made in the accounts for any indication of bias and challenged assumptions used by management in making the estimates;
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- Tested a sample of project income to assess whether this had been correctly recognised over the life of the project.
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Report of the Independent Auditors to the Members of Dame Kelly Holmes Trust
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements. This risk increases the further removed non-compliance with laws and regulations is from events and transactions reflected in the financial statements as we are less likely to become aware of instances of non-compliance. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment, collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.
Use of our report This report is made solely to the charitable company's members, as a body, inaccordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.
Paul Putnam (Senior Statutory Auditor) for and on behalf of PKF Francis Clark 90 Victoria Street Redcliffe Bristol BS16DP pate: 1, rhe fh lle lida cAB
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Dame Kelly Holmes Trust
Statement of Financial Activities for the Year Ended 31 March 2023
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|---|---|---|---|---|---|---|---|
|31.3.23|31.3.22|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|INCOME AND|ENDOWMENTS|FROM|
|Donations and|legacies|2|131,844|-|131,844|130,106|
|Charitable|activities|5|
|Charitable|activities|5,926|453,100|459,026|501,139|
|Other|trading|activities|3|9,066|-|9,066|10,608|
|Investment|income|4|397|-|397|11|
|Total|147,233|453,100|600,333|641,864|
|eee|
|EXPENDITURE ON|
|Raising funds|6|149,692|-|149,692|118,399|
|Charitable|activities|7|
|Charitable|activities|531,305|226,779|758,084|946,218|
|eee|
|Total|680,997|226,779|907,776|1,064,617|
|Net gains/(losses)|on|investments|(7,300)|-|(7,300)|(102,694)|
|eee|
|NET INCOME/(EXPENDITURE)|(541,064|)|226,321|(314,743)|(525,447)|
|Transfers|between funds|18|362,746|(362,746)|-|-|
|Net movement|in funds|(178,318|)|(136,425)|(314,743)|(525,447|)|
|RECONCILIATION|OF|FUNDS|
|Total funds|brought forward|277,582|226,803|504,385|1,029,832|
|TOTAL FUNDS CARRIED FORWARD|99,264|90,378|189,642|504,385|
----- End of picture text -----
The notes form part of these financial statements
Page 17
Dame Kelly Holmes Trust
Balance Sheet 31 March 2023
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|31.3.23|31.3.22|
|Unrestricted|Restricted|Total|Total|
|funds|funds|funds|funds|
|Notes|£|£|£|£|
|FIXED|ASSETS|
|Tangible|assets|14|627|-|627|1,839|
|Investments|15|nena5,500|ene|neereceenenen-|mn5,500|eee12,800|
|6,127|=|6,127|14,639|
|CURRENT ASSETS|
|Debtors|16|45,402|84,294|129,696|158,432|
|Cash|at bank|114,142|195,632|309,774|534,548|
|nena|errr|GT|Oe|erenve renner|
|159,544|279,926|439,470|692,980|
|CREDITORS|
|Amounts|falling due within one year|17|(66,407 )|(189,548)|(255,955)|(203,234)|
|eee|nnn|
|NET CURRENT ASSETS|93,137|90,378|183,515|489,746|
|nnnener|
|TOTAL ASSETS|LESS CURRENT LIABILITIES|99,264|90,378|189,642|504,385|
|ee|Pre|rreenr|nen|
|NET ASSETS|99,264|90,378|189,642|504,385|
|a|_|Se|
|FUNDS|18|
|Unrestricted funds|99,264|277,582|
|Restricted funds|90,378|226,803|
|TOTAL FUNDS|189,642|504,385|
----- End of picture text -----
The financial statements were approved by the Board of Trustees and authorised for issue on 20" November 2023 and were signed on its behalf by:
Obn,a Oa Ed Bracher Trustee
The notes form part of these financial statements
Page 18
Dame Kelly Holmes Trust
Cash Flow Statement for the Year Ended 31 March 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|31.3.23|31.3.22|
|Notes|£|£|
|Cash|flows from|operating|activities|
|Cash|generated from|operations|1|(225,171)|(206,420)|
|Net cash|used|in operating activities|(225,171)|(206,420)|
|Cash|flows from|investing|activities|
|Purchaseoftangible fixed assets|-|(686)|
|Interest|received|397|11|
|Net cash|provided|by/(used|in)|investing|activities|397|(675)|
|Change|in|cash|and|cash|equivalents|in|
|the|reporting period|(224,774)|(207,095|)|
|Cash and|cash|equivalents|at the|
|beginning of the reporting period|534,548|741,643|
|Cash|and|cash|equivalents|at the end|
|of the|reporting|period|309,774|534,548|
----- End of picture text -----
The notes form part of these financial statements
Page 19
Dame Kelly Holmes Trust
Notes to the Cash Flow Statement for the Year Ended 31 March 2023
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|1.|RECONCILIATION|OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING|ACTIVITIES|
|31.3523|31.3.22|
|£|£|
|Net expenditure|for the|reporting|period|(as|per the Statement of|
|Financial|Activities)|(314,743|)|(525,447)|
|Adjustments|for:|
|Depreciation charges|1,211|1,175|
|Losses on|investments|7,300|102,694|
|Interest received|(397)|(11)|
|Decrease|in|debtors|28,736|94,543|
|Increase|in|creditors|52,722|120,626|
|Net cash used|in operations|(225,171)|(206,420)|
----- End of picture text -----
2. ANALYSIS OF CHANGES IN NET FUNDS
----- Start of picture text -----
|||||||
|---|---|---|---|---|---|
|At|1.4.22|Cash|flow|At|31.3.23|
|£|£|£|
|Net cash|
|Cash|at bank|534,548|(224,774)|309,774|
|534,548|(224,774)|309,774|
|Total|534,548|(224,774)|309,774|
----- End of picture text -----
The notes form part of these financial statements
Page 20
Dame Kelly Holmes Trust Notes to the Financial Statements for the Year Ended 31 March 2023
- ACCOUNTING POLICIES Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) ‘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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Trustees consider that there are no material uncertainties about the Trust's ability to continue as a going concern.
Detailed budgets and forecasts have been prepared for the year and management accounts comparing budgeted to actual figures are regularly received and reviewed by the Finance and Audit Committee, in addition to updates on the income position.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures and fittings - Straight line over 3 years Computer equipment - Straight line over 3 years Taxation The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Designated fund are unrestricted funds that the Trustees have set aside for a specific purpose.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Page 21
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
1. ACCOUNTING POLICIES - continued
Fund accounting
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Pension costs and other post-retirement benefits The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
----- Start of picture text -----
|||||
|---|---|---|---|
|25|DONATIONS AND|LEGACIES|
|31.3.23|31.3.22|
|£|£|
|Donations from|organisations|109,932|89,508|
|Donations from|individuals|8,378|6,230|
|Events|income|12,195|34,368|
|Legacy donations|1,339|-|
|131,844|130,106|
|3.|OTHER TRADING|ACTIVITIES|
|31.3.23|31.3.22|
|£|£|
|Corporate trading income|9,066|10,608|
|4.|INVESTMENT INCOME|
|31.3.23|31.3.22|
|£|£|
|Deposit account|interest|397|11|
----- End of picture text -----
Page 22
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
5. INCOME FROM CHARITABLE ACTIVITIES
----- End of picture text -----
| INCOME FROM CHARITABLE ACTIVITIES | |||
|---|---|---|---|
| 31.3.23 | 31,3.22 | ||
| Activity | £ | £ | |
| Grants Charitable activities |
453,100 | 501,139 | |
| Exceptional items Charitable activities |
5,926 | - | |
| 459,026 | 501,139 | ||
| Grants received, included in the above, are as follows: | |||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| AQA(Corporate) | 155,736 | 95,070 | |
| Beyond Sport Foundation - Breaking Limits - (Trusts and Foundations) | 25,000 | ||
| Bridgend County Borough Council (Public) | - | 10,000 | |
| Britford Bridge Trust (Trusts and Foundations) | - | 15,000 | |
| Brooks MacDonald (Corporate) | - | 10,000 | |
| Dallaglio RugbyWorks (Trusts and Foundations) | 34,421 | 66,842 | |
| Deloitte Nottingham (Corporate) | 4,600 | - | |
| Elizabeth Rathbone (Trusts and Foundations) | - | 1,500 | |
| Glebe School (Public) | 1,397 | 5,450 | |
| Groundwork - NCS (Trusts and Foundations) | - | 2,280 | |
| GAS Oakhill (Corporate) | - | = | |
| JerseySport (Public) | - | 36,990 | |
| M&G CharitableTrust (Trustsand Foundations) | - | 25,000 | |
| PeterSowerbyTrust (Trustsand Foundations) | 40,297 | 31,852 | |
| Mott MacDonald (Corporate) | 5,000 | - | |
| RSPCA (Trustsand Foundations) | - | 5,100 | |
| Sanctuary Housing (Corporate) | - | - | |
| South Western RailwayCCIF (Corporate) | - | 30,000 | |
| Sport England Coastal Communities (Public) | - | - | |
| StJames's Place Foundation (Trusts and Foundations) | 8,152 | 33,060 | |
| Swale Community Leisure (Trusts and Foundations) | 20,213 | - | |
| The National LotteryCommunity Fund (Public) | 50,000 | - | |
| WANdisco (Corporate) | 5,000 | - | |
| Westfield Health (Corporate) | 118,321 | 91,052 | |
| Youth Endowment Fund (Trusts and Foundations) | 9,963 | 8,333 | |
| 29th May CharitableTrust& EvesonTrust (Trustsand Foundations) | - | 8,610 | |
| 453,100 | 501,139 | ||
| Exceptional items, included in the above, are as follows: | |||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Kickstartscheme | 5,926 | - | |
| 5,926 | - |
Page 23
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
6. RAISING FUNDS
| Raisingdonationsand legacies | ||||
|---|---|---|---|---|
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Staffcosts | 95,765 | 95,207 | ||
| Fundraising costs | 48,078 | 23,192 | ||
| 143,843 | 118,399 | |||
| Othertrading activities | ||||
| 31.3.23 | 31.3.22 | |||
| £ | £ | |||
| Trustees' expenses | A74 | - | ||
| Corporate tradingcosts | 5,375 | - | ||
| 5,849 | - | |||
| Aggregateamounts | 149,692 | 118,399 | ||
| 7. | CHARITABLEACTIVITIESCOSTS | |||
| Direct | Support | |||
| Costs (see | costs (see | |||
| note 8) | note 9) | Totals | ||
| £ | £ | £ | ||
| Charitableactivities | 445,421 | 312,663 | 758,084 |
Page 24
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 8. | DIRECT COSTS OF CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|---|
| 31.3.23 | 31.3.22 | ||||
| £ | £ | ||||
| Staffcosts | 218,642 | 212,901 | |||
| Programme delivery | 226,779 | 399,775 | |||
| 445,421 | 612,676 | ||||
| 9. | SUPPORTCOSTS | ||||
| Governance | |||||
| Management | Finance | costs | Totals | ||
| f | £ | £ | £ | ||
| Charitable activities | 282,701 | 370 | 29,592 | 312,663 | |
| Support costs, included in the above, are as | follows: | ||||
| Management | 31.3.23 | 31.3.22 | |||
| £ | £ | ||||
| Wages | 167,408 | 150,370 | |||
| Social Security | 13,899 | 15,509 | |||
| Pensions | 3,477 | 2,923 | |||
| Insurance | 14,732 | 10,474 | |||
| Telephone | 4,743 | 4,516 | |||
| Postage and stationery | 1,041 | 970 | |||
| Sundries | 5,975 | 287 | |||
| Computerand website costs | 24,059 | 25,507 | |||
| Payroll processing costs | - | (192) | |||
| Subscriptions and training | 2,293 | 46,140 | |||
| Travel and subsistence | 17,497 | 13,497 | |||
| IrrecoverableVAT | 10,440 | 8,467 | |||
| Staffentertainment | 797 | 3,426 | |||
| Communication costs | 15,129 | 15,982 | |||
| Depreciation of tangible fixed assets | 1,211 | 1,175 | |||
| 282,701 | 299,051 | ||||
| Finance | 31.3.23 | 31.3.22 | |||
| £ | £ | ||||
| Bank charges | 370 | 455 | |||
| Governance costs | 31.3.23 | 31.3.22 | |||
| £ | £ | ||||
| Auditors' remuneration | 6,543 | 5,751 | |||
| Accountancyfees | 12,400 | 13,267 |
Page 25
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
|||||
|---|---|---|---|
|9.|SUPPORT COSTS|-|continued|
|Meeting rooms|6,600|6,824|
|Professional|fees|4,049|8,194|
|29,592|34,036|
----- End of picture text -----
10. NET INCOME/(EXPENDITURE)
Net income/(expenditure) is stated after charging/(crediting):
----- Start of picture text -----
||||||
|---|---|---|---|---|
|31.3.23|31.3.22|
|£|£|
|Auditors'|remuneration|6,543|5,751|
|Depreciation|- owned|assets|1,212|1,175|
----- End of picture text -----
11. |TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 March 2023 nor for the year ended 31 March 2022.
During the year, the key management personnel of the Charity comprised of the Trustees and the Chief Executive Officer.
The total employee remuneration and benefits of the key management personnel of the Trust was £68,070 (2022: £68,462).
Trustees’ expenses
----- Start of picture text -----
|||||
|---|---|---|---|
|31.3.23|31.3.22|
|£|£|
|Trustees’|expenses|A474|-|
----- End of picture text -----
Page 26
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
12. STAFF COSTS
| STAFF COSTS | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| Wagesand salaries | 452,461 | 424,436 |
| Social securitycosts | 36,974 | 43,163 |
| Otherpension costs | 9,756 | 9,311 |
| 499,191 | 476,910 |
The average monthly number of employees during the year was as follows:
| 31.3.23 | 31.3.22 | |
|---|---|---|
| Charitable | 9 | 8 |
| Support | 5 | 5 |
| Fundraising | 3 | 3 |
| 17 | 16 |
The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:
| 31.3.23 | 313.22 | |||
|---|---|---|---|---|
| £60,001 -£70,000 | 1 | 1 | ||
| 13. | COMPARATIVES FORTHESTATEMENT OF FINANCIALACTIVITIES | |||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOMEAND ENDOWMENTS FROM | ||||
| Donationsand legacies | 130,106 | - | 130,106 | |
| Charitable activities | ||||
| Charitable activities | 2,281 | 498,858 | 501,139 | |
| Othertrading activities | 10,608 | - | 10,608 | |
| Investment income | 11 | - | 11 | |
| Total | 143,006 | 498,858 | 641,864 | |
| EXPENDITUREON | ||||
| Raisingfunds | 118,399 | - | 118,399 | |
| Charitable activities | ||||
| Charitable activities | 548,352 | 397,866 | 946,218 | |
| Total | 666,751 | 397,866 | 1,064,617 |
Page 27
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 13. | COMPARATIVES FORTHESTATEMENTOFFINANCIALACTIVITIES -continued | COMPARATIVES FORTHESTATEMENTOFFINANCIALACTIVITIES -continued | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| £ | £ | £ | |||
| Netgains/(losses) on investments | (102,694 } | - | (102,694) | ||
| NET INCOME/(EXPENDITURE) | (626,439) | 100,992 | (525,447) | ||
| Transfers between funds | 364,268 | (364,268 | ) | - | |
| Netmovement infunds | (262,171) | (263,276) | (525,447) | ||
| RECONCILIATION OF FUNDS | |||||
| Totalfunds brought forward | 539,753 | 490,079 | 1,029,832 | ||
| TOTALFUNDSCARRIEDFORWARD | 277,582 | 226,803 | 504,385 | ||
| 14. | TANGIBLE FIXED ASSETS | ||||
| Fixtures | |||||
| and | Computer | ||||
| fittings | equipment | Totals | |||
| £ | £ | £ | |||
| COST | |||||
| At 1April 2022 and 31 March 2023 | 795 | 20,845 | 21,640 | ||
| DEPRECIATION | |||||
| At 1April2022 | 625 | 19,176 | 19,801 | ||
| Chargeforyear | 97 | 1,115 | 1,212 | ||
| At31 March 2023 | 722 | 20,291 | 21,013 | ||
| NET BOOKVALUE | |||||
| At 31 March 2023 | 73 | 554 | 627 | ||
| At31March2022 | 170 | 1,669 | 1,839 |
Page 28
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
15. FIXED ASSET INVESTMENTS
| Listed | |
|---|---|
| investments | |
| £ | |
| MARKETVALUE | |
| At 1 April 2022 | 12,800 |
| Revaluations | (7,300) |
| At31 March 2023 | 5,500 |
| NET BOOK VALUE | |
| At 31 March 2023 | 5,500 |
| At31March2022 | 12,800 |
Fair value has been derived following a 1/3rd reduction of market value as at 31 March 2023. The shares are currently listed on the OTC Market in the USA.
Cost or valuation at 31 March 2023 is represented by:
| Listed | |||
|---|---|---|---|
| investments | |||
| £ | |||
| Valuation in 2022 | 12,800 | ||
| Valuation in2023 | (7,300) | ||
| 5,500 | |||
| 16. | DEBTORS:AMOUNTS FALLING DUEWITHIN ONE YEAR | ||
| 31.3.23 | 31.3.22 | ||
| £ | £ | ||
| Trade debtors | 88,088 | 129,845 | |
| Otherdebtors | 724 | 1,855 | |
| VAT | 4,553 | 1,521 | |
| Prepaymentsand accrued income | 36,331 | 25,211 | |
| 129,696 | 158,432 |
Page 29
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
| 17. | CREDITORS:AMOUNTS FALLING DUEWITHIN ONEYEAR | 31.3.23 | 31.3.22 |
|---|---|---|---|
| £ | £ | ||
| Trade creditors | 33,507 | 40,803 | |
| Social securityand other taxes | 13,186 | 14,099 | |
| Other creditors | 2,177 | 3,931 | |
| Accrualsand deferred income | 207,085 | 144,401 | |
| 255,955 | 203,234 |
Page 30
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS
| MOVEMENT IN FUNDS | ||||
|---|---|---|---|---|
| Net | Transfers | |||
| movement | between | At | ||
| At 1.4.22 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 238,784 | (546,193) | 339,820 | 32,411 |
| National Citizenship Service | 1,233 | - | - | 1,233 |
| ProjectcontributionstoComms | 6,392 | (2,210) | 8,327 | 12,509 |
| Projectcontributions toM&E | 11,834 | - | 3,738 | 15,572 |
| ProjectcontributionstoTraining | 19,339 | 7,339 | 10,861 | 37,539 |
| 277,582 | (541,064) | 362,746 | 99,264 | |
| Restricted funds | ||||
| AQA- Unlocking Potential | (5,921) | 81,364 | (81,596) | (6,153) |
| Get on Track-Bridgend | 7,165 | (4,386) | (2,779) | - |
| Get onTrack - Jersey Sports |
2,276 | - | (1,108) | 1,168 |
| Get on Track - Sanctuary Housing - | ||||
| Supported Living | 9,611 | (4,188) | (5,423) | - |
| GetonTrack -Southwestern CCIF | - | (153) | 153 | - |
| KKRCovid Response Fund | 24,276 | (13,825) | (10,451) | - |
| On Track to Achieve-Beacon Hill | 1,666 | (1,350) | (316) | - |
| OnTracktoAchieve - Britford | 3,101 | (671) | (2,430) | - |
| On Track to Achieve - Brooks | ||||
| MacDonald | 4,832 | (2,749) | (2,083) | - |
| On Track to Achieve - Deloitte | ||||
| Nottingham | - | 2,575 | (500) | 2,075 |
| OnTrackto Achieve -DRWx6 | 27,399 | 16,071 | (35,350) | 8,120 |
| OnTracktoAchieve -Glebe school | 2,528 | 1,064 | (3,988) | (396) |
| On Track to Achieve - GreatWestern | ||||
| Railway | 3,373 | (498) | (2,875) | - |
| OnTracktoAchieve -Jersey |
4,155 | (1,217) | (1,943) | 995 |
| On Track to Achieve - Mott | ||||
| MacDonald | - | 4,775 | - | 4,775 |
| On Track to Achieve - StJames Place | ||||
| Foundation/Liverpool | 28,300 | (5,593) | (26,086) | (3,379) |
| OnTracktoAchieve -Wales | 5,171 | (450) | (2,921) | 1,800 |
| OnTracktoAchieve -WANDisco | - | 5,000 | - | 5,000 |
| PeterSowerby-Alderhey | 11,761 | 19,530 | (19,531) | 11,760 |
| SH Virtual Workshops | (373) | - | 373 | - |
| Sport England -Coastal Communities | 59,598 | 4,156 | (60,000 ) | 3,754 |
| StayingConnected (TNL) | - | 1,800 | (1,800) | - |
| SwaleCommunity Leisure | - | 11,088 | (10,963 ) | 125 |
| TNL-Youth Voice | - | 34,500 | (11,650) | 22,850 |
| Westfield Health BSB | 900 | (68) | (1,410) | (578) |
| Westfield HealthOTTA | 11,897 | 28,910 | (40,053) | 754 |
| Westfield Health Leadership | ||||
| Programme | 25,088 | 41,173 | (28,553) | 37,708 |
| YouthEndowmentFund | - | 9,463 | (9,463) | - |
Page 31
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
||||||
|---|---|---|---|---|
|18.|MOVEMENT|IN|FUNDS|- continued|
|226,803|226,321|(362,746)|90,378|
|TOTAL FUNDS|504,385|(314,743)|-|189,642|
----- End of picture text -----
Page 32
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Net movement in funds, included in the above are as follows:
| Incoming | Resources | Gainsand | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| f | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 147,233 | (686,126) | (7,300) | (546,193) |
| ProjectcontributionstoComms | - | (2,210) | - | (2,210) |
| Projectcontributionsto Training | - | 7,339 | = | 7,339 |
| 147,233 | (680,997) | (7,300) | (541,064) | |
| Restricted funds | ||||
| AQA - Unlocking Potential | 155,736 | (74,372) | - | 81,364 |
| Get on Track-Bridgend | - | (4,386) | - | (4,386) |
| Get on Track -Sanctuary Housing - | ||||
| Supported Living | - | (4,188) | - | (4,188) |
| Get on Track -Southwestern CCIF | - | (153) | - | (153) |
| KKRCovid Response Fund | - | (13,825) | - | (13,825) |
| OnTracktoAchieve -Beacon Hill | - | (1,350) | = | (1,350) |
| OnTrack toAchieve - Britford |
- | (671) | - | (671) |
| On Track to Achieve - Brooks | ||||
| MacDonald | - | (2,749) | - | (2,749) |
| On Track to Achieve - Deloitte | ||||
| Nottingham | 4,600 | (2,025) | - | 2,575 |
| On Trackto Achieve-DRWx6 | 34,421 | (18,350) | - | 16,071 |
| OnTrack to Achieve -Glebe school | 1,397 | (333) | - | 1,064 |
| On Track to Achieve - Great Western | ||||
| Railway | - | (498) | - | (498) |
| On TracktoAchieve - Jersey |
- | (1,217) | - | (1,217) |
| On Trackto Achieve - Mott | ||||
| MacDonald | 5,000 | (225) | - | 4,775 |
| On Track to Achieve - StJames Place | ||||
| Foundation/Liverpool | 8,152 | (13,745) | - | (5,593) |
| OnTracktoAchieve -Wales | - | (450) | - | (450) |
| OnTracktoAchieve -WANDisco | 5,000 | - | - | 5,000 |
| Peter Sowerby - Alderhey | 40,297 | (20,767) | - | 19,530 |
| Sport England -Coastal Communities | - | 4,156 | Ss | 4,156 |
| StayingConnected (TNL) | - | 1,800 | - | 1,800 |
| Swale Community Leisure | 20,213 | (9,125) | - | 11,088 |
| TNL- YouthVoice | 50,000 | (15,500) | - | 34,500 |
| Westfield Health BSB | 1,733 | (1,801) | - | (68) |
| Westfield HealthOTTA | 50,504 | (21,594) | - | 28,910 |
| Westfield Health Leadership | ||||
| Programme | 66,084 | (24,911) | - | 41,173 |
| Youth Endowment Fund | 9,963 | (500) | - | 9,463 |
| 453,100 | (226,779) | - | 226,321 |
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
- MOVEMENTIN FUNDS - continued TOTAL FUNDS 600,333 (907,776) (7,300) (314,743)
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
----- Start of picture text -----
||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Net|Transfers|
|movement|between|At|
|At|1.4.21|in|funds|funds|31.3.22|
|£|£|£|£|
|Unrestricted|funds|
|General fund|503,438|(588,220)|323,566|238,784|
|National|Citizenship Service|173|1,060|-|1,233|
|Project|contributions|to Comms|10,392|(4,000)|-|6,392|
|Project contributions|to M&E|4,695|-|7,139|11,834|
|Project contributions to Training|21,055|(35,279)|33,563|19,339|
|539,753|(626,439)|364,268|277,582|
|Restricted|funds|
|AOC|Leadership|Programme|
|Resources|6,000|(1,400)|(4,600)|-|
|AQA|-|Unlocking|Potential|26,956|17,087|(49,964)|(5,921)|
|Breaking|Limits|-|25,000|(25,000|)|-|
|Building|Better Opportunities|-|Facing|
|Forward|(4,065)|-|4,065|-|
|GetGet|onon TrackTrack|-|BridgendJersey|Sports|(18|,|5022|0|)|75|,|361500|(|63|,8|36|5)|72|,|165276|
|Get on|Track|- Sanctuary|Housing|-|
|Supported|Living|47,614|(25,497)|(12,506)|9,611|
|Get on Track|- Southwestern|CCIF|5,545|10,662|(16,207)|-|
|Get on|Track|-|Wiltshire|(Blagrave|
|Trust)|29,019|(17,431)|(11,588)|:|
|KKR Covid|Response|Fund|51,501|(15,118)|(12,107)|24,276|
|Leadership|in|Sport|400|(400)|-|-|
|M&G|Charitable Trust|-|25,000|(25,000)|-|
|On Trackto Achieve- Beacon|Hill|2,440|6,135|(6,909)|1,666|
|On Track to Achieve|-|Britford|-|9,809|(6,708)|3,101|
|On|Track|to|Achieve|-|Brooks|
|MacDonald|-|8,088|(3,256)|4,832|
|On|Track to|Achieve-DRW x6|(229)|51,748|(24,120)|27,399|
|On Track to Achieve|- Glebe school|2,878|1,600|(1,950)|2,528|
|On|Track|to|Achieve|-|Great Western|
|Railway|33,060|(10,720)|(18,967)|3,373|
|On Track to Achieve|- Jersey|-|14,235|(10,080)|4,155|
|On Track to Achieve|- RSPCA|-|3,300|(3,300)|-|
|On|Track|to|Achieve|-|St James|Place|
|Foundation/Liverpool|34,560|24,234|(30,494)|28,300|
|On|Track to|Achieve|- Victoria|Special|
|School|Charitable Trust|5,000|(1,800)|(3,200)|-|
|On|Track to Achieve-|Wales|11,020|(3,175)|(2,674)|5,171|
|Peter Sowerby|- Alderhey|9,390|27,894|(25,523)|11,761|
|SH Virtual|Workshops|5,500|(2,250)|(3,623)|(373)|
----- End of picture text -----
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued
for the Year Ended 31 March 2023
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|18.|MOVEMENTIN|FUNDS|-|continued|
|Sport|England|- Coastal Communities|210,735|(142,487)|(8,650)|59,598|
|Staying Connected|(TNL)|5,475|1,125|(6,600)|-|
|Westfield|Health|BSB|-|2,310|(1,410)|900|
|Westfield|Health OTTA|7|37,200|(25,303)|11,897|
|Westfield|Health|Leadership|
|Programme|-|34,649|(9,561)|25,088|
|Youth|Endowment|Fund|-|8,333|(8,333)|-|
|490,079|100,992|(364,268|)|226,803|
|TOTAL FUNDS|1,029,832|(525,447)|-|504,385|
----- End of picture text -----
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gainsand|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|140,725|(626,251)|(102,694)|(588,220)|
|National|Citizenship|Service|2,280|(1,220)|-|1,060|
|Project contributions to Comms|-|(4,000)|-|(4,000)|
|Project contributions to Training|-|(35,279)|-|(35,279)|
|143,005|(666,750)|(102,694|)|(626,439)|
|Restricted|funds|
|AOC|Leadership|Programme|
|Resources|-|(1,400)|-|(1,400)|
|AQA|-|Unlocking|Potential|95,069|(77,982)|-|17,087|
|Breaking|Limits|25,000|-|-|25,000|
|Get on Track|-|Bridgend|10,000|(4,500)|-|5,500|
|Get|on Track-|Jersey|Sports|18,690|(11,329)|-|7,361|
|Get on|Track|-|Sanctuary|Housing|-|
|Supported|Living|-|(25,497)|-|(25,497)|
|Get on Track|- Southwestern|CCIF|30,000|(19,338)|-|10,662|
|Get|on|Track|-|Wiltshire|(Blagrave|
|Trust)|2|(17,431)|:|(17,431)|
|KKR Covid|Response|Fund|-|(15,118)|-|(15,118)|
|Leadership|in Sport|-|(400)|-|(400)|
|M&G|Charitable|Trust|25,000|-|-|25,000|
|On|Track|to Achieve- Beacon|Hill|8,610|(2,475)|-|6,135|
|On Track to Achieve|-|Britford|15,000|(5,191)|-|9,809|
|On|Track|to|Achieve|-|Brooks|
|MacDonald|10,000|(1,912)|-|8,088|
|On Track|to Achieve|- DRW x6|66,842|(15,094)|-|51,748|
|On Track to Achieve|- Glebe school|5,450|(3,850)|-|1,600|
|On|Track|to|Achieve|-|Great Western|
|Railway|-|(10,720)|-|(10,720)|
|On Track to Achieve|- Jersey|18,300|(4,065)|-|14,235|
|On Track to Achieve|- RSPCA|5,100|(1,800)|-|3,300|
|On|Track|to|Achieve|-|St James|Place|
|Foundation/Liverpool|34,560|(10,326)|-|24,234|
|On|Track|to|Achieve|-|Victoria|Special|
|School|Charitable|Trust|-|(1,800)|-|(1,800)|
|On|Track|to Achieve-|Wales|-|(3,175)|-|(3,175)|
|Peter Sowerby|- Alderhey|31,852|(3,958)|-|27,894|
|SH|Virtual|Workshops|-|(2,250)|-|(2,250)|
|Sport|England|- Coastal|Communities|-|(142,487)|-|(142,487)|
|Staying Connected|(TNL)|-|1,125|-|1,125|
|Westfield|Health|BSB|2,310|-|-|2,310|
|Westfield|Health OTTA|45,922|(8,722)|-|37,200|
----- End of picture text -----
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
||||||||
|---|---|---|---|---|---|---|
|18.|MOVEMENT|IN|FUNDS|- continued|
|Westfield|Health|Leadership|
|Programme|42,821|(8,172)|-|34,649|
|Youth|Endowment|Fund|8,333|-|-|8,333|
|498,859|(397,867|)|-|100,992|
|TOTAL FUNDS|641,864|(1,064,617)|(102,694)|(525,447)|
----- End of picture text -----
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENTIN FUNDScontinued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | At | ||
| At 1.4.21 | in funds | funds | 31.3.23 | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| Generalfund | 503,438 | (1,134,413 ) | 663,386 | 32,411 |
| National Citizenship Service | 173 | 1,060 | - | 1,233 |
| Projectcontributions toComms | 10,392 | (6,210) | 8,327 | 12,509 |
| Projectcontributions toM&E | 4,695 | - | 10,877 | 15,572 |
| Projectcontributions toTraining | 21,055 | (27,940) | 44,424 | 37,539 |
| 539,753 | (1,167,503) | 727,014 | 99,264 | |
| Restricted funds | ||||
| AOC Leadership Programme | ||||
| Resources | 6,000 | (1,400) | (4,600) | - |
| AQA - Unlocking Potential | 26,956 | 98,451 | (131,560) | (6,153) |
| Breaking Limits | - | 25,000 | (25,000) | - |
| Building BetterOpportunities - Facing | ||||
| Forward | (4,065) | - | 4,065 | - |
| GetonTrack - Bridgend | 8,500 | 1,114 | (9,614) | - |
| GetonTrack -JerseySports |
(1,220) | 7,361 | (4,973) | 1,168 |
| Geton Track - Sanctuary Housing - | ||||
| Supported Living | 47,614 | (29,685) | (17,929) | - |
| GetonTrack -Southwestern CCIF | 5,545 | 10,509 | (16,054) | - |
| Get on Track -Wiltshire(Blagrave Trust) |
29,019 | (17,431) | (11,588) | - |
| KKRCovid Response Fund | 51,501 | (28,943 ) | (22,558) | - |
| Leadership inSport | 400 | (400) | - | - |
| M&G Charitable Trust | - | 25,000 | (25,000) | - |
| OnTracktoAchieve -Beacon Hill | 2,440 | 4,785 | (7,225) | = |
| OnTracktoAchieve - Britford | - | 9,138 | (9,138) | - |
| On Track to Achieve - Brooks | ||||
| MacDonald | - | 5,339 | (5,339) | - |
| On Track to Achieve - Deloitte | ||||
| Nottingham | - | 2,575 | (500) | 2,075 |
| On Track to Achieve-DRWx6 | (229) | 67,819 | (59,470) | 8,120 |
| OnTracktoAchieve -Glebeschool | 2,878 | 2,664 | (5,938) | (396) |
| On Track to Achieve - Great Western | ||||
| Railway | 33,060 | (11,218) | (21,842) | - |
| OnTracktoAchieve -Jersey | - | 13,018 | (12,023) | 995 |
| On Trackto Achieve - Mott | ||||
| MacDonald | - | 4,775 | - | 4,775 |
| On Track toAchieve-RSPCA | - | 3,300 | (3,300) | - |
| On Track to Achieve - StJames Place | ||||
| Foundation/Liverpool | 34,560 | 18,641 | (56,580) | (3,379) |
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|18.|MOVEMENT|IN|FUNDS|-|continued|
|On|Track|to|Achieve|-|Victoria|Special|
|School Charitable Trust|5,000|(1,800)|(3,200)|-|
|On Trackto Achiev-|Wal|e|s|11,020|(3,625)|(5,595)|1,800|
|On Track to Achieve|- WANDisco|-|5,000|-|5,000|
|Peter Sowerby|- Alderhey|9,390|47,424|(45,054)|11,760|
|SH Virtual Workshops|5,500|(2,250)|(3,250)|-|
|Sport England|- Coastal Communities|210,735|(138,331)|(68,650)|3,754|
|Staying Connected|(TNL)|5,475|2,925|(8,400)|-|
|Swale Community|Leisure|=|11,088|(10,963)|125|
|TNL-|Youth|Voice|-|34,500|(11,650)|22,850|
|Westfield|Health|BSB|-|2,242|(2,820)|(578)|
|Westfield|Health OTTA|-|66,110|(65,356)|754|
|Westfield|Health|Leadership|
|Programme|-|75,822|(38,114)|37,708|
|Youth|Endowment|Fund|-|17,796|(17,796)|-|
|490,079|327,313|(727,014)|90,378|
|TOTAL FUNDS|1,029,832|(840,190)|-|189,642|
----- End of picture text -----
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continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gainsand|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General fund|287,958|(1,312,377|)|(109,994)|(1,134,413)|
|National|Citizenship|Service|2,280|(1,220)|-|1,060|
|Project contributions|to Comms|-|(6,210)|-|(6,210)|
|Project contributions to Training|-|(27,940)|-|(27,940)|
|290,238|(1,347,747)|(109,994)|(1,167,503)|
|Restricted|funds|
|AOC|Leadership|Programme|
|Resources|-|(1,400)|-|(1,400)|
|AQA-|Unlocking|Potential|250,805|(152,354)|-|98,451|
|Breaking|Limits|25,000|-|-|25,000|
|Get on Track|-|Bridgend|10,000|(8,886)|-|1,114|
|Get|on Track-|Jersey|Sports|18,690|(11,329)|-|7,361|
|Get on|Track|- Sanctuary|Housing|-|
|Supported|Living|-|(29,685)|-|(29,685)|
|Get on Track|- Southwestern|CCIF|30,000|(19,491)|-|10,509|
|Get on|Track|-|Wiltshire|(Blagrave|
|Trust)|.|(17,431)|“|(17,431)|
|KKR Covid|Response|Fund|-|(28,943)|-|(28,943)|
|Leadership|in Sport|-|(400)|-|(400)|
|M&G|Charitable|Trust|25,000|-|-|25,000|
|On Track to Achieve|-|Beacon|Hill|8,610|(3,825)|-|4,785|
|On Track to Achieve|-|Britford|15,000|(5,862)|-|9,138|
|On|Track|to|Achieve|-|Brooks|
|MacDonald|10,000|(4,661)|-|5,339|
|On|Track|to|Achieve|-|Deloitte|
|Nottingham|4,600|(2,025)|-|2,575|
|On Track to|Achieve|- DRW x6|101,263|(33,444)|-|67,819|
|On Track|to Achieve|- Glebe school|6,847|(4,183)|-|2,664|
|On|Track|to|Achieve|-|Great|Western|
|Railway|.|(11,218)|7|(11,218)|
|On|Track to Achieve|- Jersey|18,300|(5,282)|-|13,018|
|On|Track|to|Achieve|-|Mott|
|MacDonald|5,000|(225)|-|4,775|
|On|Track to Achieve|-|RSPCA|5,100|(1,800)|-|3,300|
|On|Track|to|Achieve|-|St James|Place|
|Foundation/Liverpool|42,712|(24,071)|-|18,641|
|On|Track|to|Achieve|-|Victoria|Special|
|School|Charitable|Trust|-|(1,800)|-|(1,800)|
|On|Track|to Achieve-|Wales|-|(3,625)|-|(3,625)|
|On Track to Achieve|- WANDisco|5,000|-|-|5,000|
----- End of picture text -----
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Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
----- Start of picture text -----
|||||||||
|---|---|---|---|---|---|---|---|
|18.|MOVEMENT|IN|FUNDS|- continued|
|Peter Sowerby- Alderhey|72,149|(24,725)|-|47,424|
|SH Virtual|Workshops|-|(2,250)|-|(2,250)|
|Sport|England|-|Coastal Communities|-|(138,331)|-|(138,331)|
|Staying Connected|(TNL)|-|2,925|-|2,925|
|Swale Community|Leisure|20,213|(9,125)|-|11,088|
|TNL-|Youth|Voice|50,000|(15,500)|-|34,500|
|Westfield|Health BSB|4,043|(1,801)|2,242|
|Westfield|Health OTTA|96,426|(30,316)|:|66,110|
|Westfield|Health|Leadership|
|Programme|108,905|(33,083|)|-|75,822|
|Youth|Endowment|Fund|18,296|(500)|-|17,796|
|951,959|(624,646)|-|327,313|
|TOTAL FUNDS|1,242,197|(1,972,393|)|(109,994)|(840,190)|
----- End of picture text -----
Unrestricted funds
National Citizenship Service
Our team of world class athlete mentors are trained to deliver personal and social development activities to young people. Through a range of NCS local delivery partners, our athletes have delivered a range of inspirational and motivational sessions aligned to the programme using these skills as well as their status as inspirational role models.
Project contributions to Comms Represents funds set aside for communication costs.
Project contributions to M&E
Represents funds set aside for monitoring and evaluation costs
Project contributions to Training Represents funds set aside for staff and athlete training costs
Restricted funds
AQA - Unlocking Potential This is a partnership programme whereby the Trust is funded to deliver the AQA Unlocking Potential programme.
Bridgend - Get on Track
Bridgend City Borough Council awarded a grant to deliver Get on Track in Bridgend.
Jersey Sport - Get on Track
A partnership programme enabling the Trust's athlete mentors to deliver a community-based mentoring programme to young people living in Jersey.
Sanctuary Housing - Supported Living - Get on Track
Page 42
continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
;
18. MOVEMENTIN FUNDScontinued
A corporate grant to deliver Get on Track for Employability for 16-25 year old residents of Sanctuary Supported Living in various areas of England.
South Western Railway - Get on Track
A programme funded by SWR that enabled the Trust's athlete mentors to deliver a community based mentoring programme to young people living in Jersey.
Swale - Get on Track
A Partnership Get on Track programme which supports Young People aged 16 - 25 the opportunity to build confidence, self-esteem and resilience, whilst gaining relevant leisure industry qualifications and training.
Sport England - Coastal Communities Sport England have awarded a lottery grant over a two-year period to allow the Trust to deliver its revised Get on Track programme to tackle inactivity in young people in 8 deprived coastal communities in England.
Oakhill - G4S
Funding for delivery of a 10 session well being programme at a Young Offenders Secure Unit to improve confidence, resilience, self esteem and wellbeing.
On Track to Achieve - Various Schools Funded through grants and directly from schools the Trust is delivering its On Track to Achieve programme to young people facing disadvantages to increase their confidence, self-esteem and resilience to raise their aspirations and to improve their educational outcomes.
Funded by: 29th May 1961 Charitable Trust Bridgend CBC Britford Bridge Trust Brooks MacDonald Deloitte LLP Dallaglio Rugby Works Glebe School GWR Swindon Elizabeth Rathbone Jersey Sport Moondance Foundation Mott MacDonald St James Place Foundation The Eveson Trust WanDisco Westfield Health West Midlands PCC
Peter Sowerby Foundation
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continued...
Dame Kelly Holmes Trust
Notes to the Financial Statements - continued for the Year Ended 31 March 2023
18. MOVEMENT IN FUNDScontinued
An innovative digital programme enabling the Trust to support young people with their wellbeing and physical activity levels whilst receiving hospital care or aftercare at Alder Hey Children's Hospital, Liverpool.
Westfield Health
Multi year partnership supporting the Trust to deliver ten On Track to Achieve school programmes and two Young Leaders programmes in Sheffield.
The Centre for Youth Impact
A pilot programme to understand if 1:1 early intervention mentoring of young people in ten schools across Sheffield prevents or reduces anti social and violent behaviour.
The National Lottery - Youth Voice
Funding to carry out research to improve how we amplify the voice of youth in the organisation and the organisations activities, and offer appropriate opportunities to young people to help improve their wellbeing, and tackle disadvantage and inequality.
Transfers between funds
Transfers between funds relate to:
a) movements of funds where restricted income can be justifiably matched against unrestricted expenditure and overhead expenditure in line with the terms of the grant, and
b) designation of of unrestricted funds by the Trustees for specific areas of the Trust's work.
19. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2023.
Page 44
Dame Kelly Holmes Trust
Detailed Statement of Financial Activities for the Year Ended 31 March 2023
| for thethe Year Ended 31 March 2023 | ||
|---|---|---|
| 31.3.23 | 31.3.22 | |
| £ | £ | |
| INCOMEAND ENDOWMENTS | ||
| Donations and legacies | ||
| Donationsfrom organisations | 109,932 | 89,508 |
| Donationsfrom individuals | 8,378 | 6,230 |
| Events income | 12,195 | 34,368 |
| Legacydonations | 1,339 | - |
| 131,844 | 130,106 | |
| Othertrading activities | ||
| Corporate tradingincome | 9,066 | 10,608 |
| Investment income | ||
| Deposit account interest | 397 | 11 |
| Charitable activities | ||
| Grants | 453,100 | 501,139 |
| Exceptional items | 5,926 | - |
| 459,026 | 501,139 | |
| Total incoming resources | 600,333 | 641,864 |
| EXPENDITURE | ||
| Raisingdonations and legacies | ||
| Wages | 87,248 | 84,763 |
| Social security | 6,981 | 8,450 |
| Pensions | 1,536 | 1,994 |
| Fundraising costs | 48,078 | 23,192 |
| 143,843 | 118,399 | |
| Othertrading activities | ||
| Trustees' expenses | 474 | - |
| Corporate trading costs | 5,375 | - |
| 5,849 | - | |
| Charitable activities | ||
| Wages | 197,805 | 189,303 |
| Carriedforward | 197,805 | 189,303 |
This page does not form part ofthe[statutory][financial] statements
Page 45
Dame Kelly Holmes Trust
----- Start of picture text -----
||||||
|---|---|---|---|---|
|Detailed|Statement|of|Financial|Activities|
|for the Year|Ended|31|March|2023|
|31.3.23|31.3.22|
|£|£|
|Charitable|activities|
|Brought forward|197,805|189,303|
|Social|security|16,094|19,204|
|Pensions|4,743|4,394|
|Programme|delivery|226,779|399,775|
|445,421|612,676|
|Support|costs|
|Management|
|Wages|167,408|150,370|
|Social|security|13,899|15,509|
|Pensions|3,477|2,923|
|Insurance|14,732|10,474|
|Telephone|4,743|4,516|
|Postage and|stationery|1,041|970|
|Sundries|5,975|287|
|Computer and website|costs|24,059|25,507|
|Payroll|processing costs|-|(192)|
|Subscriptions and|training|2,293|46,140|
|Travel|and|subsistence|17,497|13,497|
|Irrecoverable VAT|10,440|8,467|
|Staff entertainment|797|3,426|
|Communication|costs|15,129|15,982|
|Depreciation|of tangible|and|heritage|
|assets|1,211|1,175|
|282,701|299,051|
|Finance|
|Bank charges|370|455|
|Governance|costs|
|Auditors'|remuneration|6,543|5,751|
|Accountancy fees|12,400|13,267|
|Meeting rooms|6,600|6,824|
|Professional|fees|4,049|8,194|
|29,592|34,036|
|Total|resources expended|907,776|1,064,617|
|Net expenditure|(307,443 )|(422,753)|
----- End of picture text -----
This page does not form part of[the][statutory][financial][statements]
Page 46