REGISTERED COMPANY NUMBER: 06531532 (England and Wales) REGISTERED CHARITY NUMBER: 1128529 ## Report of the Trustees and Financial Statements for the Year Ended 31 March 2024 for Dame Kelly Holmes Trust Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 OAS Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust ## Contents of the Financial Statements for the Year Ended 31 March 2024 |||Page| |---|---|---| |Reference and Administrative details|1|
to 2| |Report of the Trustees|3|to8| |Report of the Independent Auditors|D|tO 11| |Statement of Financial Activities||12| |Balance Sheet||13| |Cash Flow Statement||14| |Notes to the Financial Statements|15|
to 36| _Included within the trustees’report is the directors’report as required by company law._ Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## **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 - resigned 31.12.2023 Tina Angela Kokkinos - resigned 31.12.2023 Paula Harris - resigned 28.06.2024 Nigel Boatswain Joy Aboim Catherine Baker - Vice Chair & Senior Independent Director (from 31.12.2023) Martin Henlan Helen Donavan Sue Piper Samantha Bussey - Chair - appointed 12.12.2023 Robert Charsley-Ryan - appointed 12.12.2023 Saranyah Douse - appointed 12.12.2023 Connor Moore - appointed 12.12.2023 Philip Bunt - appointed 01.04.2024 4 formal board meetings were held in the year. Attendance was as follows: ||Attended|Out of a possible| |---|---|---| |Ed Bracher (resigned 31.12.2023)|2|3| |Tina Angela Kokkinos (resigned 31.12.2023)|3|3| |Paula Harris|3|4| |Nigel Boatswain|4|4| |Joy Aboim|3|4| |Catherine Baker|4|4| |Martin Henlan|3|4| |Helen Donovan|4|4| |Sam Bussey|1|1| |Robert Charsley-Ryan|1|1| |Saranyah Douse|1|1| |Connor Moore|1|1| 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. 1 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## **Auditors** Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 OAS ## **Bankers** HSBC 60 Fenchurch Street London EC3M 4BA ## **President** Colonel Dame Kelly Holmes Chief Executive Ben Hilton - to 6 October 2023 Martin Talbot - from 7 October 2023 The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2024. Included within the trustees' report is the directors' report as required by company law. 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). ``` 2 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust Report of the Trustees for the Year Ended 31 March 2024 ## **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. We have managed a period of change successfully with Chair and Vice Chair of Trustees stepping down in December 2023 in line with their terms ending. While Ben Hilton resigned as CEO, leaving in Oct 23 to take on a new challenge. Alongside hiring a new Chair and promoting an existing trustee to Vice Chair we have also strengthened the Board through bringing in additional members with relevant skills and experience. We have also recruited a replacement CEO from the Trust's senior management team to provide continuity. Young people continue to face some of the greatest challenges of a generation including the long-lasting impacts of the pandemic, the cost of living crisis, wars across the world and the climate emergency. Research and our own frontline experiences show that vulnerable young people are being disproportionately more negatively affected by these events. These events also make the operating environment for charities harder with less money available while costs go up. ## Strategic Review Against our strategic priorities laid out in the business plan, we have made the following progress: ## Deliver Impactful Programmes Developed an evaluation and monitoring dashboard with support from Deloitte Increased reach through building our presence in children's hospitals and with police forces 2,321 young people started a programme in the first 3 years in line with our ambition to support 10,000 young people over 10 years Secured funding to sustain our Sheffield Hub for a fourth year and growth our Liverpool and Kent hubs ## Shaped bv Young People Introduced a new enhanced version of our On Track to Achieve programme based on youth feedback Piloted a new version of support for young people in supported living based on youth feedback Piloted new ways of capturing youth voice including 'keeping in touch days' 6 to 12 months after programmes have ended to understand longer term impact of our work ## Strengthen our Commitment to Athletes Secured funding to deliver Athlete Transition support post Paris 24 Olympics Secured funding to deliver Athlete training post Paris 24 Olympics Increased athlete representation on Trust Committees 3 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Strengthen our Core, Sustain our Future Progressed our renewal of Tier 3 governance level administered by Sport England and UK Sport Strengthened Board with new appointments bringing skills and experience which complement existing trustees Reviewed and changed a number of infrastructure contracts to improve financial efficiency and operational effectiveness Introduced an improved appraisal system, clear ambitions and regular staff updates on Trust progress Challenging year financially, but under new leadership from October, we have reduced overheads including salary costs leading to lower end of year deficit than predicted Strong foundations built enabling the Trust to secure 96% of 2024-25 income target by September 24 - Clear financial targets and pathway to achieving them ## Amplify our Voice, Grow our Community National TV and press coverage through Sport Gives Back Award and hosting the Princess of Wales - Increased digital engagement through: Founder and President's channels Funder and supporter networks Athlete mentor channels Highlights from the year include: ## Hubs This year saw us complete our second year and launch our third year in Sheffield thanks to our partnership with Westfield Health and Mott MacDonald. Based on young people's feedback, we introduced an enhanced version of our school programme providing more one to one support for pupils. This model has now been replicated across the UK, enabling us to provide more tailored support for young people who need it the most. Westfield Health has committed to funding in 2024-25. This year we have supported 192 students across 12 schools in Sheffield. 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. We have also started to build a concentration of activity in Kent and Liverpool, with relationships and funding in place to grow in the future. ## Corporate Partners Westfield Health, our largest corporate supporter, continued to fund work in Sheffield. Westfield Health has also extended its partnership with us, confirming funding for 2024- 25. We secured new partnerships with Obex Dental and further developed our partnership with Deloitte and Mott MacDonald. 4 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Supporting young people vulnerable to criminality This is a real growth area for the Trust, building off pilot funding secured in the previous year from Youth Endowment Fund. In the reporting period we have worked in partnership with Kent, Merseyside and West Sussex police as well as delivering a programme for young offenders at Oakhill Secure Training Unit. We are also currently building relationships with Greater Manchester Police, Met Police and the Violence Reduction Unit in Scotland. ## Health We have grown our health offer in line with strategy, securing funding from Great Ormond Street Children's Charity to work in the hospital as well as from Edward Gosling Foundation to extend our work at Alder Hey Children's Hospital. While Sport England have also invested in our Health programme, enabling us to deliver at Sheffield Children's Hospital from 2025. Funding enables Dame Kelly Homes Trust Athlete Mentors to support in and outpatients at hospitals, aiding their recovery or ability to manage life limiting illness and injury through improving physical activity and wellbeing levels. ## National TV In March the Trust appeared on ITVX as a winner at the Sport Gives Back Awards for our work in Sheffield. Dame Kelly Holmes was joined on stage by pupils and teachers from Fir Vale School in Sheffield, along with their Trust Athlete Mentors and Westfield Health Chair Steve Purdham. ## Royal visit In May, to mark Mental Health Awareness Week, The Trust was delighted to host the Princess of Wales as she visited one of our On Track to Achieve Programmes in her role as Ambassador of the Royal Foundation. Hosted by Dame Kelly, The Princess of Wales spent time competing in games and talking with pupils from St Katherine's School, Bristol. The Trust has since hosted Royal Foundation staff at our AQA Unlocking Potential awards and attended the Royal Foundation's invite only summit on youth mental health in Birmingham. ## 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. 5 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## **STRUCTURE AND GOVERNANCE** The organisation is a charitable company limited by guarantee, incorporated on 12 March 2008 and registered as a charity on 12 March 2009. The company was established under a memorandum of association which established the objects and powers of the charitable company and is governed under its articles of association. Members of the charity guarantee to contribute an amount not exceeding £1 to the assets of the charity in the event of winding up. The total number of such guarantees at 31 March 2024 was 11. The trustees are members of the charity but this entitles them only to voting rights. The trustees have no beneficial interest in the charity. All trustees give their time voluntarily and receive no benefits from the charity. Any expenses reclaimed from the charity are set out in note 11 to the accounts. ## **FINANCIAL REVIEW** Dame Kelly Holmes Trust restricted income streams remain the largest income channel. These restricted monies fund most of our programmes. We have made conscientious efforts to ensure as much expenditure as possible is in line with the levels of income secured. Where programme contract terms come to an end, we reassess staffing needs as appropriate. Some members of the programmes team have fixed term contracts which are parallel to the fixed term restricted programmes currently running. This enables the Trust to be more fluid. Over the last several years, we have been addressing a heavy reliance on a small number of funders providing a large proportion of our income. We continue to diversify, and we have made progress within various Corporates, the Health Sector, Education settings and others. We have also succeeded in securing funding with substantial multi-year contracts and continue to work on this area, understanding the level of security recurring revenue provides. Our unrestricted income streams have been a serious focus over the last year, with two major fund-raising events. The success of these events has contributed towards the Trust replenishing reserves in FY25. We now concentrate on how we can build on this momentum over the next 3 years. This year our income totalled £750k, a split of £548k restricted and £202k unrestricted. Total reserves are £54k, a split of £102k restricted and -£48k unrestricted It should be noted that £80k of unrestricted income has been deferred and will drop into the accounts on the 1[s][t ] April 24. The success of the previously mentioned fund raising events and a clear pathway to securing Grants and Trusts has meant that at the time of writing we have secured 93% of our budgeted income total of £1.08miII for FY25. We are confident that we will meet budget expectations, if not exceed them with an unrestricted surplus of £80k and unrestricted reserves of £35k — 1.5 months. It is our policy to aim towards 3 months of expenditure in unrestricted reserves within our accounts and to continue this growth in a sustainable way to be able to achieve this. We will review this policy on an annual basis. ``` 6 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Reserves calculation As at September 2024, we calculated that £76,000 would be required to continue running for a period of three months including costs for trading to cease . Our restricted programmes would continue to run as necessary during the period, supporting our beneficiaries as much as possible and being funded by the restricted reserves held. ## **FUTURE PLANS** In line with our 10 year ambition, the overarching ambition for 2024- 25 is to put the Trust on a more stable financial footing in readiness to ‘go again’ in the future. We will achieve financial sustainability through diversifying our income streams and programme offer, as well as managing costs effectively. This includes holding two major fundraising events, placing relationships at the centre of our Trusts & Grants work and expanding our programming in health and crime prevention. In 2024 —25, we plan to: - •Raise £1 million - •BuiId a minimum 1 month's reserves - •Support 1000 young people During the year we will also establish the Trust's Business Plan for 2025 —2027 to provide further guidance on our medium term direction of travel. This business plan will include sustainable growth targets for both years. ## 2024- 25 Business Plan Objectives 1. Financial - To increase income to £1miIIion, building at least one month's reserves 2. Young People - To support 1000 vulnerable young people be the best version of themselves 3. People - To provide our people with more development and benefit opportunities through our People Plan - To provide transition support for Paris 24 Olympic and Paralympic athletes and grow our pool of Athlete Mentors - To further integrate digital platforms to enhance efficient working ## **4. Governance** - To maintain high standards of governance, policies and procedures - Set our budget and plans for 2025-27, revisit our strategic plans ## 5. Comms & Marketing - To provide compelling messaging and call to action to stakeholders, including around Champions Ball, Machu Picchu and our programmes 7 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Report of the Trustees for the Year Ended 31 March 2024 ## **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 select suitable accounting policies and then apply them consistently; 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; 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, Third Sector Accountancy Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting. Report of the trustees, approved by order of the board of trustees, as the company directors, on 19 / 11 / 2024 ................ and signed on the board's behalf by: ................................................................. S Bussey - Trustee 8 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## 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 2024 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). ## 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 2024 and of its incoming resources and application of resources, including its income and expenditure, 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 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 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 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 of this 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. 9 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Report of the Independent Auditors to the Members of Dame Kelly Holmes Trust ## **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 trustees' report which includes the directors' report prepared for the purposes of company law, for the financial year for which the financial statements are prepared is consistent with the financial statements; and - the directors' report included within the trustees' report 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 of the audit, we have not identified material misstatements in the Report of the Trustees. 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 - the financial statements are not in agreement with the accounting records and returns; or - certain disclosures of trustees' remuneration specified by law are not made; 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 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. ## **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: ## **Capability of the audit in detecting irregularities, including fraud** Based on our understanding of the charity and environment in which it operates, we identified the principal risks of non-compliance with laws and regulations related to pension legislation, tax legislation, employment legislation, health and safety legislation, and other legislation specific to the industry in which the charity operates, and we considered the extent to which non-compliance might have a material effect on the financial statements. 10 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 We also considered those laws and regulations that have a direct impact on the preparation of the financial statements such as the Companies Act 2006, the reporting requirements under the Charities SORP and FRS102, and the Charities Act 2011. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the pressure on management to achieve particular results. Audit procedures performed by the group engagement team included: Review of correspondence with the regulators and with legal advisors; Discussions with management including consideration of known or suspected instances of non-compliance; Evaluating management's controls designed to prevent and detect irregularities; Identifying and testing journal entries; and Challenging assumptions and judgments made by management. There are inherent limitations in the audit procedures described above and the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. Also, 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 by, for example, forgery or intentional misrepresentations, or through collusion. 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/auditorsresponsibiIities. 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, in accordance 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. Patrick Morrello ACA, Senior Statutory Auditor For and on behalf of Third Sector Accountancy Limited Holyoake House Hanover Street Manchester M60 OAS 19 / 1 1 / 2024 Date: ............................................. 11 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Statement of Financial Activities for the Year Ended 31 March 2024 |Unrestricted
funds
Notes
£
**INCOME**
Donations and legacies
2
135,985
Charitable activities
`5`
60,805
Other trading activities
3
3,315
Investment income
4
1,717
**Total**
201,822
**EXPENDITURE ON**
Raising funds
6
99,734
Charitable activities
7
240,046
**Total**
339,780
Net gains/(losses) on investments
(4,545)
**NET INCOME/(EXPENDITURE)**
(142,503)
Transfers between funds
18
11,530
Net movement in funds
(130,973)
**RECONCILIATION OF FUNDS**
Total funds brought forward
99,264
**TOTAL FUNDS CARRIED FORWARD**
(31,709)|Restricted
funds
£
567,333

567,333
541,784
541,784

25,549
(11,530)
14,019
90,378
104,397|31.3.24
Total
funds
£
135,985
567,333
64,120
1,717
769,155
99,734
781,830
881,564
(4,545)
(116,954)

(116,954)
189,642
72,688|31.3.23
Total
funds
£
131,844
459,026
9,066
397
600,333
149,692
758,084
907,776
(7,300)
(314,743)
(314,743)
504,385
189,642| |---|---|---|---| The notes form part of these financial statements 12 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Balance Sheet ## 31 March 2024 |||||31.3.24|31.3.23| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |||funds|funds|funds|funds| ||Notes|£|£|£|£| |**FIXED ASSETS**|||||| |Tangible assets|14|95||95|627| |Investments|15||||5,500| |||95||95|6,127| |**CURRENT ASSETS**|||||| |Debtors|16|75,991|20,420|96,411|129,696| |Cash at bank||56,859|230,729|287,588|309,774| |||132,850|251,149|383,999|439,470| |**CREDITORS**|||||| |Amounts falling due within one year|17|(164,652)|(146,754)|(311,406)|(255,955)| |**NET CURRENT ASSETS/(LIABILITIES)**||(31,802)|104,395|72,593|183,515| |**TOTAL ASSETS LESS CURRENT LIABILITIES**||(31,707)|104,395|72,688|189,642| |**NET ASSETS**||(31,707)|104,395|72,688|189,642| |**FUNDS**|18||||| |Unrestricted funds||||(31,707)|99,264| |Restricted funds||||104,395|90,378| |TOTAL FUNDS||||72,688|189,642| The financial statements were approved by the Board of Trustees and authorised for issue on 19 /'1'1'/ 2024' .................[and were signed on its behalf by: ] ............................................ Phillip Bunt, Treasurer The notes form part of these financial statements 13 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust |Cash Flow Statement|||| |---|---|---|---| |for the Year Ended 31 March 2024|||| |||31.3.24|31.3.23| ||Notes|£|£| |Cash flows from**operating activities**|||| |Cash generated from operations|1|(23,903)|(225,171)| |Net cash used in operating activities||(23,903)|(225,171)| |Cash flows from investing activities|||| |Interest received||1,717|397| |Net cash provided by investing activities||1,717|397| |Change in cash and cash equivalents in|Change in cash and cash equivalents in||| |the reporting period||(22,186)|(224,774)| |Cash and cash equivalents at the|||| |beginning of the reporting period||309,774|534,548| |Cash and cash**equivalents at the end**|||| |**of the reporting period**||287,588|309,774| The notes form part of these financial statements 14 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements for the Year Ended 31 March 2024 ## **1. 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. The Trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **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. Income received in advance of a provision of a specified service is deferred until the criteria for income recognition are met. ## **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. 15 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **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. ## **2. DONATIONS AND LEGACIES** |Donations from organisations
Donations from individuals
Events income
Legacy donations
**3.**
**OTHER TRADING ACTIVITIES**
Corporate trading income
**4.**
**INVESTMENT INCOME**
Deposit account interest|31.3.24
100,724
26,901
8,360
135,985
31.3.24
3,315
3,315
31.3.24
1,717|31.3.23
109,932
8,378
12,195
1,339| |---|---|---| |||131,844
31.3.23
9,066
9,066
31.3.23
397| ``` 16 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **5. INCOME FROM CHARITABLE ACTIVITIES** |**INCOME FROM CHARITABLE ACTIVITIES**||| |---|---|---| |Activity
Contract income
Charitable activities
Grants
Charitable activities
Exceptional items
Charitable activities
Grants received, included in the above, are as follows:
AQA (Corporate)
C&R Palmer Holdings (Corporate)
Colyer-Fergusson Charitable Trust (Trusts and Foundations)
Dallaglio Rugby Works (Trusts and Foundations)
Deloitte Nottingham (Corporate)
Elizabeth Rathbone (Trusts and Foundations)
Football For Change (Trusts and Foundations)
Glebe School (Public)
Mersey Community Foundation
Mott MacDonald (Corporate)
Obex Dental (Corporate)
Peter Harrison
Peter Sowerby Trust (Trusts and Foundations)
Quartet Community Foundation (Trusts and Foundations)
Sanctuary Housing (Corporate)
Southeastern (Public)
South Western Railway CCIF (Corporate)
St James's Place Foundation (Trusts and Foundations)
Swale Community Leisure (Trusts and Foundations)
The National Lottery Community Fund (Public)
WANdisco (Corporate)
Westfield Health (Corporate)
Youth Endowment Fund (Trusts and Foundations)
Exceptional items, included in the above, are as follows:
Kickstart scheme|31.3.24
£
60,805
567,333

628,138
31.3.24
190,705
5,500
25,000
10,000
2,995
10,000
5,000
25,000
19,175
4,997
50,000
18,000
22,950
24,908
107,298
45,805
567,333
31.3.24
|31.3.23
£
453,100
5,926
459,026
31.3.23
155,736
34,421
4,600
1,397
5,000
40,297
8,152
20,213
50,000
5,000
118,321
9,963
453,100
31.3.23
5,926| |||5,926| ``` 17 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **6. RAISING FUNDS** |Raising donations and legacies
Staff costs
Fundraising costs
Other trading activities
Corporate trading costs
Investment management costs
Impairment losses
Aggregate amounts
**7.**
**CHARITABLE ACTIVITIES COSTS**
Charitable activities
**8.**
**DIRECT COSTS OF CHARITABLE ACTIVITIES**
Staff costs
Programme delivery|Direct
Costs(see
note8)
497,857|31.3.24
80,546
17,961
98,507
31.3.24
31.3.24
955
99,734
Support
costs(see
note9)
283,973
31.3.24
179,878
317,979
497,857|31.3.23
95,765
48,078| |---|---|---|---| ||||143,843
31.3.23
5,375
5,375
31.3.23

149,692| ||||
Totals
781,830
31.3.23
218,642
226,779
445,421| ``` 18 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **9. SUPPORT COSTS** |Management
Charitable activities
252,176
Support costs, included in the above, are as follows:
**Management**
Wages
Social Security
Pensions
Insurance
Telephone
Postage and stationery
Sundries
Computer and website costs
Subscriptions and training
Travel and subsistence
Irrecoverable VAT
Staff entertainment
Communicationcosts
Trustee Expenses
Depreciation of tangible fixed assets
**Finance**
Bank charges
Governance costs
Auditors' remuneration
Accountancy fees
Meeting rooms|Finance
384|Governance
costs
31,413
31.3.24
138,077
11,984
2,878
14,529
3,895
353
461
19,477
6,607
13,772
19,808
1,118
18,684
272
532
252,175
31.3.24
`384`
31.3.23
6,500
12,113
10,763|Totals
283,973
31.3.23
167,408
13,899
3,477
14,732
4,743
1,041
5,975
24,059
2,293
17,497
10,440
797
15,129
474
1,211
282,701
31.3.23
370
31.3.22
6,543
12,400
6,600| |---|---|---|---| ``` 19 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **10. NET INCOME/(EXPENDITURE)** Net income/(expenditure) is stated after charging/(crediting): ||31.3.24|31.3.23| |---|---|---| |Auditors' remuneration|6,500|6,543| |Depreciation owned assets|532|1,212| ## **11. TRUSTEES' REMUNERATION AND RELATED PARTY TRANSACTIONS** There were no trustees' remuneration or other benefits for the year ended 31 March 2024 nor for the year ended 31 March 2023. Neither the management committee nor any persons connected with them received any remuneration during the year (2023: Nil). 1 trustee received travel and subsistence expenses during the year of £272 (2023: 1 trustee received £474). There are no donations from related parties which are outside the normal course of business and no restricted donations from related parties. No trustee or other person related to the charity had any personal interest in any contract or transaction entered into by the charity, including guarantees, during the year (2023: nil). During the year, the key management personnel of the Charity comprised of the Trustees, Chief Executive Officer, Senior Finance Manager, and Head of Business Development. The total employee remuneration and benefits of the key management personnel of the Trust was £160,630 (2023: £68,070). The prior year figure only includes the CEO whereas the current year figure includes the CEO, Finance Manager, Head of Programmes and Head of Business Development. During the year, N Boatswain and S Piper, two trustees of the charity, each purchased from the charity for the sums of £3,500 and £1,400 respectively, a table for its Champions Ball event. This event took place following the Balance Sheet date. |Trustees' expenses
Trustees' expenses
12.
STAFF COSTS
Wages and salaries
Social security costs
Pension costs|31.3.24
272
31.3.24
375,363
30,047
7,953
413,363|31.3.23
474
31.3.23
452,461
36,974
9,756| |---|---|---| |||499,191| ``` 20 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## 12. STAFF COSTS - continued The average number of employees during the year was as follows: ||31.3.24|31.3.23| |---|---|---| |Charitable|8|9| |Support|4|5| |Fundraising|3|3| ||15|17| The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: |£60,001 - £70,000
**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
Unrestricted
funds
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
131,844
Charitable activities
Charitable activities
5,926
Other trading activities
9,066
Investment income
397
**Total**
147,233
**EXPENDITURE ON**
Raising funds
149,692
**Charitable activities**
Charitable activities
531,305
**Total**
680,997
Net gains/(losses) on investments
(7,300)
**NET INCOME/(EXPENDITURE)**
(541,064)
**Transfers between funds**
362,746|31.3.24
0
Restricted
funds
453,100

453,100
226,779
226,779

226,321
(362,746)|31.3.23
0
Total
funds
131,844
459,026
9,066
397
600,333
149,692
758,084
907,776
(7,300)
(314,743)| |---|---|---| ``` 21 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 |**13.**
**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**-**continued**
Unrestricted
funds
Restricted
funds
Net movement in funds
(178,318)
(136,425)
**RECONCILIATION OF FUNDS**
Total funds brought forward
277,582
226,803
**TOTAL FUNDS CARRIED FORWARD**
99,264
90,378
**14.**
**TANGIBLE FIXED ASSETS**
Fixtures
and
fittings
Computer
equipment
**COST**
At 1 April 2023 and 31 March 2024
795
20,845
**DEPRECIATION**
At 1 April 2023
722
20,291
Charge for year
73
459
At 31 March 2024
795
20,750
NET BOOK VALUE
At 31 March 2024

`95`
At 31 March 2023
73
554|Total
funds
(314,743)
504,385
189,642
Totals
21,640
21,013
532
21,545
95
627| |---|---| ## **15. FIXED ASSET INVESTMENTS** As at 31 March 2024, the shares held are deemed to be of negligible value and have subsequently been fully impaired in the financial statements. Cost or valuation at 31 March 2024 is represented by: |||Listed| |---|---|---| |||investments| |Valuation in|2022|12,800| |Valuation in|2023|(7,300)| |Valuation in|2024|(5,500)| ``` 22 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **16. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |**16.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |---|---|---| |Trade debtors
Other debtors
VAT
Prepayments and accrued income
**17.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade creditors
Social security and other taxes
VAT
Other creditors
Accruals and deferred income|31.3.24
54,733
922
40,756
96,411
31.3.24
11,594
11,691
7,939
1,473
278,709
311,406|31.3.23
88,088
724
4,553
36,331
129,696
31.3.23
33,507
13,186
2,177
207,085| |||255,955| Deferred income has increased significantly this year, in part due to payments received throughout the year relating to a post-year end event, together with grant income received with time-related conditions. ``` 23 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** |Unrestricted funds
General fund
Designated Fund: GOSH
Restricted funds
AQA - Unlocking Potential
Get on Track - Colyer-Fergusson
Charitable Trust
Get on Track - Jersey Sports
Get on Track - Southwestern CCIF
On Track to Achieve - Bristol Quartet
On Track to Achieve - Charles Palmer
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Football for
Change
On Track to Achieve - Glebe school
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - Obex
On Track to Achieve - Peter Harrison
Kent
On Track to Achieve - Southeastern
Railway
On Track to Achieve - St James Place
Foundation/Liverpool
On Track to Achieve - Wales
On Track to Achieve - WANDisco
Peter Sowerby - Alderhey
Sport England - Coastal Communities
Swale Community Leisure
TNL - Youth Voice
Westfield Health BSB
Westfield Health OTTA
Westfield Health Leadership
Programme
BBO Devon Heart of the South West
TOTAL FUNDS|At 1.4.23
99,264

99,264
(6,153)
1,168
2,075
8,120
(396)
995
**4,775**
(3,379)
1,800
5,000
11,760
3,754
125
22,850
(578)
754
37,708

90,378
189,642|Net
movement
in funds
(148,621)
6,120
(142,501)
7,941
`18,940`
(1,168)
2,953
2,359
1,818
(2,050)
(9,470)
2,125
(5,350)
(1,625)
2,500
24,100
18,000
6,379
(1,800)
(5,000)
7,791
(3,754)
(125)
(22,850)
578
21,682
(37,708)
(719)
25,547
(116,954)|Transfers
between
funds
(5,470)
17,000
11,530
396
4,355
(17,000)
719
(11,530)
|At
31.3.24
(54,827)
23,120
(31,707)
1,788
18,940
2,953
2,359
1,818
25
(1,350)
2,125
3,150
2,500
24,100
18,000
3,000
2,551
22,436

104,395
72,688| |---|---|---|---|---| ``` 24 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** Net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
GOSH
Restricted funds
AQA - Unlocking Potential
Get on Track - Colyer-Fergusson
Charitable Trust
Get on Track - Jersey Sports
Get on Track - Sanctuary Housing -
Supported Living
Get on Track - Southwestern CCIF
Merseyside Community/Police Fund
On Track to Achieve - Bristol Quartet
On Track to Achieve - Charles Palmer
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Football for
Change
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - Obex
On Track to Achieve - Peter Harrison
Kent
On Track to Achieve - Southeastern
Railway
On Track to Achieve - St James Place
Foundation/Liverpool
On Track to Achieve - Wales
On Track to Achieve - WANDisco
Peter Sowerby - Alderhey
Sport England - Coastal Communities
Swale Community Leisure
TNL- Youth Voice
Westfield Health BSB
Westfield Health OTTA
Westfield Health Leadership
Programme
Youth Endowment Fund
BBO Devon Heart of the South West|Incoming
resources
168,420
33,402
201,822
190,705
25,000
50,000
22,950
2,995
4,997
5,500
10,000
10,000
5,000
25,000
18,000
24,908
19,175
107,298
45,805|Resources
expended
(312,496)
(27,282)
(339,778)
(182,764)
(6,060)
(1,168)
(50,000)
(19,997)
(2,995)
(2,638)
(3,682)
(2,050)
(9,470)
(7,875)
(5,350)
(11,625)
(2,500)
`(900)`
(18,529)
(1,800)
(5,000)
(11,384)
(3,754)
(125)
(22,850)
578
(85,616)
(37,708)
(45,805)
(719)|Gains and
losses
Movement
in funds
(4,545)
(148,621)

6,120
(4,545)
(142,501)
7,941
18,940
(1,168)
2,953
2,359
1,818
(2,050)
(9,470)
2,125
(5,350)
(1,625)
2,500
24,100
18,000
6,379
(1,800)
(5,000)
7,791
(3,754)
(125)
(22,850)
578
21,682
(37,708)
(719)| |---|---|---|---| ``` 25 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust |Notes to the Financial Statements-continued
for the Year Ended 31 March 2024
18.
MOVEMENT IN FUNDS - continued
TOTAL FUNDS|567,333
769,155|(541,786)
(881,564)|(4,545)|| |---|---|---|---|---| |||||25,547| |||||(116,954)| ``` 26 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** Comparatives for movement in funds |Unrestricted funds
General fund
National Citizenship Service
Project contributions to Comms
Project contributions to M&E
Project contributions to Training
Restricted funds
AQA - Unlocking Potential
Get on Track - Bridgend
Get on Track - Jersey Sports
Get on Track - Sanctuary Housing -
Supported Living
Get on Track - Southwestern CCIF
KKR Covid Response Fund
On Track to Achieve - Beacon Hill
On Track to Achieve - Britford
On Track to Achieve - Brooks
MacDonald
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Glebe school
On Track to Achieve - Great Western
Railway
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - St James Place
Foundation/Liverpool
On Track to Achieve - Wales
On Track to Achieve - WANDisco
Peter Sowerby - Alderhey
SH Virtual Workshops
Sport England - Coastal Communities
Staying Connected (TNL)
Swale Community Leisure
TNL - Youth Voice
Westfield Health BSB
Westfield Health OTTA|At 1.4.22
238,784
1,233
6,392
11,834
19,339
277,582
(5,921)
7,165
2,276
9,611
24,276
1,666
3,101
4,832
27,399
2,528
3,373
4,155
28,300
5,171
11,761
(373)
59,598
900
11,897|Net
movement
in funds
(546,193)
(2,210)
7,339
(541,064)
81,364
(4,386)
(4,188)
(153)
(13,825)
(1,350)
(671)
(2,749)
2,575
16,071
1,064
(498)
(1,217)
4,775
(5,593)
(450)
5,000
19,530
4,156
1,800
11,088
34,500
(68)
28,910|Transfers
between
funds
339,820
8,327
3,738
10,861
362,746
(81,596)
(2,779)
(1,108)
(5,423)
153
(10,451)
(316)
(2,430)
(2,083)
(500)
(35,350)
(3,988)
(2,875)
(1,943)
(26,086)
(2,921)
(19,531)
373
(60,000)
(1,800)
(10,963)
(11,650)
(1,410)
(40,053)|At
31.3.23
32,411
1,233
12,509
15,572
37,539
99,264
(6,153)
1,168
2,075
8,120
(396)
995
4,775
(3,379)
1,800
5,000
11,760
3,754
125
22,850
(578)
754| |---|---|---|---|---| ``` 27 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 |**18.**
**MOVEMENT IN FUNDS**-**continued**
Westfield Health Leadership
Programme
Youth Endowment Fund
TOTAL FUNDS|25,088

226,803
504,385|41,173
9,463
226,321
(314,743)|(28,553)
(9,463)
(362,746)|37,708
| |---|---|---|---|---| |||||90,378
189,642| 28 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** Comparative net movement in funds, included in the above are as follows: |Unrestricted funds
General fund
Project contributions to Comms
Project contributions to Training
**Restricted funds**
AQA - Unlocking Potential
Get on Track - Bridgend
Get on Track - Sanctuary Housing -
Supported Living
Get on Track - Southwestern CCIF
KKR Covid Response Fund
On Track to Achieve - Beacon Hill
On Track to Achieve - Britford
On Track to Achieve - Brooks
MacDonald
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Glebe school
On Track to Achieve - Great Western
Railway
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - St James Place
Foundation/Liverpool
On Track to Achieve - Wales
On Track to Achieve - WANDisco
Peter Sowerby - Alderhey
Sport England - Coastal Communities
Staying Connected (TNL)
Swale Community Leisure
TNL - Youth Voice
Westfield Health BSB
Westfield Health OTTA
Westfield Health Leadership
Programme
Youth Endowment Fund|Incoming
resources
147,233
**147,233**
155,736
4,600
34,421
1,397
5,000
8,152
5,000
40,297
20,213
50,000
1,733
50,504
66,084
9,963
453,100
600,333|Resources
expended
(686,126)
(2,210)
7,339
**(680,997)**
(74,372)
(4,386)
(4,188)
(153)
(13,825)
(1,350)
(671)
(2,749)
(2,025)
(18,350)
(333)
(498)
(1,217)
(225)
(13,745)
(450)
(20,767)
4,156
1,800
(9,125)
(15,500)
(1,801)
(21,594)
(24,911)
(500)
(226,779)
(907,776)|Gains and
losses
Movement
in funds
(7,300)
(546,193)
(2,210)
7,339
**(7,300)**
**(541,064)**
81,364
(4,386)
(4,188)
(153)
(13,825)
(1,350)
(671)
(2,749)
2,575
16,071
1,064
(498)
(1,217)
4,775
(5,593)
(450)
5,000
19,530
4,156
1,800
11,088
34,500
(68)
28,910
41,173
9,463

226,321
(7,300)
(314,743)| |---|---|---|---| ``` 29 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** A current year 12 months and prior year 12 months combined position is as follows: |Unrestricted funds
General fund
National Citizenship Service
Project contributions to Comms
Project contributions to M&E
Project contributions to Training
GOSH
Restricted funds
AQA - Unlocking Potential
Get on Track - Bridgend
Get on Track - Colyer-Fergusson
Charitable Trust
Get on Track - Jersey Sports
Get on Track - Sanctuary Housing -
Supported Living
Get on Track - Southwestern CCIF
KKR Covid Response Fund
On Track to Achieve - Beacon Hill
On Track to Achieve - Britford
On Track to Achieve - Bristol Quartet
On Track to Achieve - Brooks
MacDonald
On Track to Achieve - Charles Palmer
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Football for
Change
On Track to Achieve - Glebe school
On Track to Achieve - Great Western
Railway
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - Obex
On Track to Achieve - Peter Harrison
Kent
On Track to Achieve - Southeastern
Railway|At 1.4.22
238,784
1,233
6,392
11,834
19,339
277,582
(5,921)
7,165
2,276
9,611
24,276
1,666
3,101
**4,832**
27,399
2,528
3,373
4,155|Net
movement
in funds
(694,814)
(2,210)
7,339
6,120
(683,565)
89,305
(4,386)
18,940
(1,168)
(4,188)
2,800
(13,825)
(1,350)
(671)
2,359
(2,749)
1,818
525
6,601
2,125
`1,064`
(498)
(6,567)
3,150
2,500
**24,100**
18,000|Transfers
between
funds
334,350
8,327
3,738
10,861
17,000
374,276
(81,596)
(2,779)
(1,108)
(5,423)
153
(10,451)
(316)
(2,430)
(2,083)
(500)
(35,350)
(3,592)
(2,875)
2,412|At
31.3.24
(121,680)
1,233
12,509
15,572
37,539
23,120
(31,707)
1,788
18,940
2,953
2,359
1,818
25
(1,350)
2,125
3,150
2,500
24,100
18,000| |---|---|---|---|---| ``` 30 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** |**MOVEMENT IN FUNDS**-**continued**||||| |---|---|---|---|---| |On Track to Achieve - St James Place
Foundation/Liverpool
On Track to Achieve - Wales
Peter Sowerby - Alderhey
SH Virtual Workshops
Sport England - Coastal Communities
Staying Connected (TNL)
Swale Community Leisure
TNL- Youth Voice
Westfield Health BSB
Westfield Health OTTA
Westfield Health Leadership
Programme
Youth Endowment Fund
BBO Devon Heart of the South West
TOTAL FUNDS|28,300
5,171
11,761
(373)
59,598
900
11,897
25,088

226,803
504,385|786
(2,250)
27,321
402
1,800
10,963
11,650
510
50,592
3,465
9,463
(719)
251,868
(431,697)|(26,086)
(2,921)
(36,531)
373
(60,000)
(1,800)
(10,963)
(11,650)
(1,410)
(40,053)
(28,553)
(9,463)
719
(374,276)
|3,000
2,551
22,436
| |||||104,395| |||||72,688| ``` 31 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **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: |Unrestricted funds
General fund
Project contributions to Comms
Project contributions to Training
GOSH
Restricted funds
AQA - Unlocking Potential
Get on Track - Bridgend
Get on Track - Colyer-Fergusson
Charitable Trust
Get on Track - Jersey Sports
Get on Track - Sanctuary Housing -
Supported Living
Get on Track - Southwestern CCIF
KKR Covid Response Fund
Merseyside Community/Police Fund
On Track to Achieve - Beacon Hill
On Track to Achieve - Britford
On Track to Achieve - Bristol Quartet
On Track to Achieve - Brooks
MacDonald
On Track to Achieve - Charles Palmer
On Track to Achieve - Deloitte
Nottingham
On Track to Achieve - DRW x6
On Track to Achieve - Football for
Change
On Track to Achieve - Glebe school
On Track to Achieve - Great Western
Railway
On Track to Achieve - Jersey
On Track to Achieve - Mott
MacDonald
On Track to Achieve - Obex
On Track to Achieve - Peter Harrison -
Kent
On Track to Achieve - Southeastern
Railway
On Track to Achieve - St James Place
Foundation/Liverpool|Incoming
resources
Resources
expended
315,653
(998,622)
(2,210)
7,339
33,402
(27,282)
349,055
(1,020,775)
346,441
(257,136)
25,000
(4,386)
(6,060)
50,000
(1,168)
(54,188)
22,950
(20,150)
(13,825)
2,995
(2,995)
(1,350)
(671)
4,997
(2,638)
(2,749)
5,500
4,600
(3,682)
(4,075)
34,421
(27,820)
10,000
(7,875)
1,397
(333)
(498)
(6,567)
15,000
(11,850)
5,000
25,000
(2,500)
(900)
18,000
33,060
(32,274)|Gains and
losses
Movement
in funds
(11,845)
(694,814)
(2,210)
7,339

6,120
(11,845)
(683,565)
89,305
(4,386)
18,940
(1,168)
(4,188)
2,800
(13,825)
(1,350)
(671)
2,359
(2,749)
1,818
525
6,601
2,125
1,064
(498)
(6,567)
3,150
2,500
24,100
18,000
786| |---|---|---| ``` 32 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## Dame Kelly Holmes Trust ## Notes to the Financial Statements - continued for the Year Ended 31 March 2024 |**18.**
**MOVEMENT IN FUNDS**-**continued**
On Track to Achieve - Wales
On Track to Achieve - WANDisco
Peter Sowerby - Alderhey
Sport England - Coastal Communities
Staying Connected (TNL)
Swale Community Leisure
TNL - Youth Voice
Westfield Health BSB
Westfield Health OTTA
Westfield Health Leadership
Programme
Youth Endowment Fund
BBO Devon Heart of the South West
1
TOTAL FUNDS
1|5,000
59,472
20,213
50,000
1,733
157,802
66,084
55,768

,020,433
,369,488
(1|(2,250)
(5,000)
(32,151)
402
1,800
(9,250)
(38,350)
(1,223)
(107,210)
(62,619)
(46,305)
(719)
(768,565)
,789,340)|

(11,845)|(2,250)
27,321
402
1,800
10,963
11,650
510
50,592
3,465
9,463
(719)
251,868
(431,697)| |---|---|---|---|---| ## 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 ## 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. ## 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. 33 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Dame Kelly Holmes Trust Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## **18. MOVEMENT IN FUNDS** - **continued** 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 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. 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 - (Unrestricted) GWR Swindon Elizabeth Rathbone Jersey Sport Moondance Foundation Mott MacDonald St James Place Foundation The Eveson Trust WanDisco Westfield Health West Midlands PCC 34 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 Notes to the Financial Statements - continued for the Year Ended 31 March 2024 ## Dame Kelly Holmes Trust ## **18. MOVEMENT IN FUNDS** - **continued** ## Peter Sowerby Foundation 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. ## **Designated funds** ## **GOSH:** DKHT are to provide a mentoring programme pairing professional athletes to mentor patients and to evaluate the impact this has on their emotional and physical wellbeing. ## 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. RECONCILIATION OF NET EXPENDITURE TO NET CASH FLOW FROM OPERATING ACTIVITIES** |Net expenditure for the reporting period (as per the Statement of
Financial Activities)
Adjustments for:
Depreciation charges
Losses on investments
Interest received
Impairment losses
Decrease in debtors
Increase in creditors
Net cash used in operations|31.3.24
(116,954)
532
4,545
(1,717)
955
33,285
55,451
(23,903)|31.3.23
(314,743)
1,211
7,300
(397)
28,736
52,722
(225,171)| |---|---|---| 35 Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4 ## 20. ANALYSIS OF CHANGES IN NET FUNDS |Net cash
Cash at bank
Total|At 1.4.23
Cash flow
At 31.3.24
309,774
(22,186)
287,588
309,774
(22,186)
287,588
309,774
(22,186)
287,588| |---|---| ``` 36 ``` Doc ID: 94a123e915df0ad4ca812a007fbabedc50fe1ce4