Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Company Reg18tration No. 07633990 (England and Wales) Charity Registratlon No. 1143654
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION LEGAL AND ADMINISTRATIVE INFORMATION Tru8tees P Reid G Smith R Salloo C D Black H Kendall B Smith J Lord J McGairy Williams (Appointed 12 October 20201 (Appointed 12 October 2020} (Appointed 12 Octobar 2020} (Appointed 26 April 20211 (Appointed 12 October 2020) Chief Exeeutive Offlcer Nigel Harrison Charlty number 1143654 Company number 07633990 Roglst8r8d and prlncipal offica West Yorkshire Joint Services Building Nepshaw Lane South Morley L&ed8 LS27 7JQ Audltor Alison Whall8y FCA Naybr Wintersgill Limilad Carlton House Bradford BD14NS Bankers Barclays Bank PIC 39- 47 Comm8rGial Street Halifax HX1 1BE United Trust Bank One Ropemaker Street London EC2Y 9AW Solicitor8 Wrigleys Solicitors LLP 19 Cookridge Street Leeds LS2 3AG
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION CONTENTS Page Trustees, report stalerrent of Trustees, responsibilities Independent audilols report 10-12 Slalemenl of financial activities Balance sheet 14-15 statement of cash flows 16 Notes to the finanGial statements 17-32
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 JYIARCH 2021 Chief Executlv8 Introduction Vve are delighted to be able lo introduce our 202012021 annual report which marks the 10th anniversary of our Charity being established. The year was obviousty dominalad by the Covid pandemi¢ as we adjusted to the way we work and the way we support people to be active. INe are commilled lo our 8mbiliDn of everyone in our area of Yorkshire lo be doing some form ol physical actniily each week driven by the knowledge that this will improve our population's mental and physical health alon9 with conlribuling to a vibrant place lo live. The eviden is mounting, and Covid has shown. th81 if has never been as important for everyone to have basic levels of fitness that can be g8ined by rnoving more. In common with every other organisation we have needed to swiftly adjust how we operate throughout the year, promoting and catering foi virtual and in-person activities. Overall, activity levels have slightly reduced although we know this masks huge differences and inequalitiès, especially in relation to economic deprivation. Our focus on our communitie8 that experien low levels of income has been crurAal with the £400k invèstment from Sport England's 'Tackling Inequalities Fund, has spearheaded this work We know though that simply providing programmes of opportunities will not be enough to 8UPPOrt people to be active. We need lo build physical acl¢vily into every part of day to day life which will include considering planning design, actÈve transport. us6 of green spaces, health pathways and all other areas of policy and strategy. INe have been working to Influen decision makers across Yorkshire lo integrate physical activity into their plans throughout the year. We work with many partners and peopl& on B day lo day basis. 11 has been awe-inspiring to witness the way in which many of them have been working on the emergency r8aclion and recovery to th& pandemic. We give a massive Ihank-you lo those and others for their work and endeavouls and look foNard to working with them to truly put physical activity and sport al the heart of shaping the future for our part of Yorkshire. We must also thank our main funders Sport England and others, especially local aulhorilies, who continue to give us such good backing year on year. It has been essential that funding was confirmed early so that we Could concentrate our efforts on our core role. La511y, but definitely not least, we thank our team who have excelled over the last year Showing flexibility and resilience like never before. We look fotward to a refresh8d strategy and refreshed energy over the next year as we work with partn?rs lo drive physical activity on to new levels. Paul Reid d by.. Chalr EtSD$DA724C54CF... Nigel Harrison CEO DKUSntsY'. P É¥a¥Yi OE3SCo2EF943A
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The Trustees present their report and accounts for the year ènded 31 March 2021. The diTeclors of the charitable company Ilhe charity} are its trustees for the purpose of charily law and Ihroughoul this report 8re collectniely referred lo as the Board of Trustees. Their responsibili116s include all the responsibilities of direclors under the Companies Act and of trustees under the Charities Act. The accounts have been prepared in a¢¢ordance with the accounting policies s&t out in note 110 the accounts and comply with the Charity's Memorandum and Articles of Associ81ion, the Companies Act 2006 and 'Accounling and Reporting by Charities.. Statement of Recommended Pra¢lice applicable lo charities preparing their accounts in accordance with the Financtal Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021" la8 amended for accounting periods commencing from 1 January 2016) OBJECTIVES AND ACTIVITIES The objects of Yorkshire Sport Foundation as sel out in the Articles of Association are.. The advancement of amateur sport and the promotion of community participation in healthy recreation in PartUl8r by the coordination of sporting and physical activities andlor the provis of facilities for the playing of sport., To advance the education of the public in the subjtscl of 5POrt and physical recreatlDn and the provision of lacilities, courses, training programmes and resources lo enab. assist and encourage the edltcalion of persons in sport and physical aclivily. The advancement of good health.. and Thfj promotion or provision of facilities for recreation or other lelsure lime occupation of indiv¢duals who have need of such facilitiès by reason of their youth, age, inliTmity or disablemtsnt. financial hardship or soGial and economic circumstances 01 for the public al large in the interests of Social welfare and with the object of improving the condition of life of the saKI persons. Deliverlng Publ1¢ Benefit The objects above are Ihe key charitable aims of Yorkshire Sport Foundation and fall within the recoynised descriptions of ¢harilable purpose5 in the Charities Act 2011 namely the advancement of health and the acfvancemenl of amateur sport. All activities are inlrinsic311y linked to achieving these aims for IIE public benefit. Significant activities and achievem8nts against lalgets are d&taileLI below under Aims and Achievements. In setting these objects the Yorkshire Sport Foundation Board of Trustees have complied with th@ duly to have due regard to the guidance on publiG bonefit published by the Charlly Commission in ex8rcising their powers or dulles, ACHIEVEMENTS AND PERFORMANCE In our 8tralegy we descTibe our role as connecting agencies and organisalions., Influencing decision makers al all levels on how we can embed physical activity and sport to reach a wide range of oulGomes', and Provldlng a range of programmes, coursès and events. This year has obviously been dominated by the Covid pand8Mic resulting in the scope and nature of our wo¢1( radically changing. For large periods of the year, exerctse was recognised as one of the few reasons people were able lo leave their homes. We have experienced the paradox of it never being so important lo be active for physical and mental wellbeing while the opportunities lo be aclive have never been so reslTlCted. especial in some of our poorer communities. Overall data points to a reduction in adult activity leveSs of 3Yo lo 50kn, although this masks significant inequalities related to economic circumstances. At the beginning of the pandemic, we swiftly redeflned our aims to address the situation. As it turned out these stayéd with us through the year. 80 will fomi a solid basis for this arbnual reporL'
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Priority 1: Looklng after our peoplg and our organisation Early into the pandemi¢, Sport England confirmed Ils fvnding to partner organisalions for 2020121 and the following year. This financial bedrock let us concentrate our efforts on suppDrting people lo be active wilhoul the need for government business support or furloughing Oltr people. We have already developed flexible working Practi5. so were able to adjLEsI swlftty lo home workng. We wore also quick lo establish an inleinal 'well-being working group, that pul in place a range of support for our team, inGluding mental health awareness, peer support. team activities and regular 'check-in' surveys. The team's feedback has been very positive, with highest scores recorded yel on our staff surveys. We also look the opwlunity lo alerate our work towards becoming a 'learning organisation,. This included iaising undersl8nding of reflective practi, regular 'l6arn and share, sessions and the introduction of our bespoke online 'Learning Bank,. This helped us complete tho development of our'Lttarning and Performance System, which uses quanlilalwe and qualilalive data lo capture intelligence that drives our work. This meant we could start lo address the long-held issue of measuring influence and the way people and organisations inlera¢l lo make il easier for us 811 lo be active. The system has been showcased nationally as an example of excellent practice. The tragic event of George Floyd's death brought acceleration and focus lo our approach lo diversity. inclusion and equality. Vve publically declared our interilion lo becowne an anli-racist organisation, recognised th@ need for increased learning and awareness for our team and look a fvndamenlal review of our policies, procedures and communications. Over the year numerous learning events were organised for our team through our Diversity and Indusion group, creating discussion and debate. A joint podcast was Created with n8tional body Sportsng Equals. including both CEOS. discussing our approach, learning8 and chang¥s in language. We had a turnover of board members through the year and ? recruitment process appolntad four experienced and highly skilled members during the Autumn. Aligned lo this we created and incorporated a subsidiary trading company, 'Yorkshire Sport Plus,. as we aim lo diveTsify and increase our income that can bè redistributed for our charitable purpos85. YoTkshire Sport Plus will deal with our transactional business with an initial focus on creating data partnerships with a range of sportlng organisalions from across the country and the licensing of the Learning Bank. In January 2021 Sport England launchecl ils 'Uniling the Movement, 10-year strategy. The fundamental prinGiples and focus of tackling inequalities through local place-based approaches align wo11 with our recent direction of travel. We have started a refresh of our current strategy whiGh will be18unched in the Summer of 2021, although we are not planrking any rnajor Ghange in direction Irom our current approach. Priority 2: Supportlng the seclor and our partners During the initial response phase of the pandemic. it was clear thal many voluntary and private swrt and activity organisations would face extreme financial challenges. In response, we immediately confirmed funding would continue regardless of the stage of delivery., established a contact advisory line to help organisalions find government and other assistance.. 8Stablished an online directory of support and gave individual advi to voluntary and other organisations. Vve continued lo be an information source and shared the leaming as the ye8r progressed, with rostriclions evolving through the 'return lo play, phases. In particular, we worked with the National Governing B(leS of Sport lo connect voluntary sports clubs lo local support and helped networking beiween leisure facility provider5. Anecciolal evidence and the data we have seen suggests there has been an encouragirig take-up ol opportunities in the iecenl phase of Te-opening facilities. Throughout thè year, we continued lo support thé physical activity1eade¥ship bodies in eaGh of our districts (we call thom District Activity Partnerships), although we soon recognised that our colleagues, particularly those in local authorities and health bodies were largety redeployed with urgent pandemic business. So, in some districts we needed to take a more central leadetship role lo ensure influencing and promotion of physical activity remained in place. In particular, il has been vital that connection within a District has remained high as colleagues have worked togèlh8r lo adapt to rapidly changing circumstances.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED FOR THE YEAR ENDED 31 MARCH 2021 While most of the focus has been on promoting activity and SUPPDrting the sector in the districts, there have also been improvements in relationships, Influen and slralegy development. The connection with the voluntary and community sector has also improved 8 great deal. Physical activity slfa16gi¢ plans have beén completed or commenced in Leeds, Bradford, Kirklees, Sheffiold. and Barnstey as we seek lo capitalise on Ihe increased focLfS on physical activity for health. New branding and identity have bean introduced in Rolherham and further work on strategic conneclivily in Wakofield has been ¢ompleled. The Sport England LoGal Delivery Pilots in Bradford. Calderdale and Doncaster have continued in their work, especially in their drive lo embèd physical activity within all organisalions across the district. All have successlully applied for funding to continue to 2025. Eight of our Districts (exception being Galderdale which was not identified as 8 priority areal have been WOTking on developing plans and a bid for the Foolb811 Foundation's 'A¢live through Football, programme which has required th@ formation of lo1 multi-agency partnerships and our officers have been (£nlral lo this work. The District Activity Partnerships have also been giving local support through provision and signposling ID local funding and sharing knowledge Ihiough things like regular webinars. which have been well allended. Our 8pproach for a number of years has been lo focus our resources on those areas with low levels of income and, as a result, high levels of deprivation of varying kinds. Our communities. team works along with local Champions in areas where they can make a ieal difference. We know that Covid has exacerbalBd a wsde range of inequalities including those ielaled lo physical aclivily. Along with our partners, our communities, leam quickly rea¢led in the immediate response pèriod supporting local charities Iri their work, mostly ensuring people had Ih8ir basic needs mel. Through Ihese connections we were able lo promote the impoilance of remaining active. In several areas such as Sheffield, Leeds. Kirklees and Barnsley actwily packs were distributed by partners encouraging people lo be as aclivg al home as they could be. In the Deame Valley, for example our Champions organised activity sessions for older people in their gardens, whilst a 'buddying system, allowed one-to-one walks lo take place when restrictions allowed, addressing specific issues around loneliness, Across the year the Active Deame project helped 1.886 people. In February we brought Seaders from all districts togalher for a week-long 'Leading Our Active Places. event that allracled 388 paople to tho eight sessions. We had really positive feedback from the evént and plan to repeal similar events twice a year. We tried to make the most of the increa8ed focus on exercise and activity by producing an 'Asks' uM@nI that Sel out specific areas that local le8ders and decision makers could address lo make it easier b be aclive. The lisl included, amongst others, a focus on green space, housing design, schools and education, workpla activity and active travel. We knew there was already good praclico laking place in Many areas, and we wanted to push further than before. The 'Asks' gained Iraction In several areas. for example, it resulted in strategic conversations and development work with the senior leaders in Bradford. Most notably il helped us forge a stronger relationship with the Wesl Yorkshire and Harrogale Inlegraled Care System IICSI wilh high-level commitment made lo integrating physical activity across health and social care acros8 the area. A strategic physical activity group and action plan has been forTned within the ICS which bodes well for future integration. This has been showcased national as an example of good PTactice. At a regional level, we were asked by Policy Yort(shire to lead the developtnenl of a PhysicAI Activity and Sport policy paper to supwrt local and national decision makers in setting policy that will support more people lo be active. The paper is due to be launched in th8 Summer of 2021. Our education at)d schools, team has Contined to develop and promote the Cr&aling Active Schools Framework which is starting to be implemanled in rnany of our areas. One of the88 is in the B¥adford Local Delivery Pilot whero extensive research into ils impact is tsking plaGo. Working with national agencies, online Tesources are being developéd to support the next stage of national roll-out. In January, the govemmènt announced funding lo open up school facilities for community use. Active parlner8hips were asked to manage the progiamme locally. We h8ve been allo¢aled £615.000 to support the programme, idenlilying schools with highest numbers of pupils recewing free school meals, and we have bèen working wilh our local partners lo identify and work with schools where il can do the most good.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 IN6 entered the year planning lo start the Coach Core programme, aiming to 8UPPOrt apprente3 lo galn traction in the sethr. The programme was redLId due lo the pandemic, nevertheless, 11 young people entered the programme gaining 8 Level 2 apprenticeship along the way. Priority 3.. Promotlng and supportlng peoplg to be active 11 has been important that we kept fcKus on OUT primary purpose of supporting and encouraging people to be active and play sport. VlIe the ability to exercise, al least once a day. has been a conslanl Ihioughoul the year we know there have been large disparities in our people's ability and motivation to do so. Inilially, we turned to promoting online activity, especially Sport England's excellent 'Join the Movement, campaign. Wè supported our partnws in developing their own local campaigns such as 'nAoving Rolherham., 'Active in Bamsley,, '20-minule Movement in Bradford, and 'Move More Sheffield, lo promote the importance of keeping active during the year. Pooling some of our progTamrne funding we invested £7.000 in 31 projects in our newly created 'Vithally Active, programme. This allowed those organisalions lo continue delwering their activities lo their groups online. Following initial research over the Summer, Sport England launched ils 'Ta¢kling Inequalities Fund, aiming lo reduce the gap in activity levols between Ihose with differing levels ol income. We were asked lo implement the programme locally which resulted in investing £440,000 in 86 projects across some of our pooresl areas. Much of the funding was aimed at those from ethnically diverse communities and those with long lemi conditions. This wss a major programme which we were asked lo implement swiftly, and we were pleased that we were able to supporl and make connections with local organisations. many that we hadn't WOTked with previously. Over 80°h of those we furKled were organisations new lo us, giving us as deeper reach into more communities. Projects included online activity, activity packs, individual and srn811 group activities. To date the projects have reached 3,464 participants. Relatively small amounts of easily- accessed funding were having hLJge impact, and it has sel the lemplale of how we want to WOTk in the future. Noticing a gap in online provision for PE as Sch18 were closed our team developed a series of # Thisi8PE short videos lo support parents in their home-schooling. The campaign developed huge momentum with over 630,OW views of 26 videos produced, with contributions from across the country. The programme was backed by the Dapartment of Education. being only on8 of four resources being supported by them al the lime. More r8centty it has been included in Sport England's recentw launched 'Active Recovory Hub, for children and young people. Vve were obviously unable to organise our usual county-level School Games events whlch would attraGt around 5,000 children each year, Instead. we again turned to online activity promoting a series of School Games activity days lor children to do al home or within their own schools. As a result, we were able lo rgach many more children than would ordinaiiSy gel to events, with over 119,OOU registering to take part This year a180 saw the start of s8varal new programmes again aimed al addressing inequalities. Using funding frown the London Marathon Charitable Trust our 'Young People Forward, programme was aimed al using sport and physical activity as a vehicle for building social skills for young peoplé who were homeless or al risk of homelessness. So far, we have inveslBd £75.000 into ten Ioc81 organisalions to support 117 young people. We will be looking to extend this type of work in th8 future. We wnlinued lo support tho 'Safely Nels, programme which transferred lo online support in Ihe name of 'Home Go8ls'. Working with mertlal hea51h specialists and piofessional sports Glub foundations. the programme uses th8 so¢t81 interactions created by sport and physical aGtivily to improve young peDPte's mental health. There is great potential for the programme lo grow with numerous examples of young people being taken off wailing lists for specialist support.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Current Position and Future Work At the lime writing we are within Slep 3 01 the governm&nl's recovery roadmap, which means that almost all physical activity and sport opporlunilies are open. The early signs are encouraging in that people are returning lo clubs and organisations, in some cases in higher numbeis than pre-covid levels. However, we are extremely mindful of the inequalities that exist and we will conllnue lo target those people and communities who need most support. In particular, we intend lo keep influencing Ic*al leaders and decision makers to ensure phystcal adivity is integrated into everyone's work. FINANCIAL REVIEW Financial results for thè year ended 31 March 2021 are shown in the Statement of Financial Activities on page 13 with the associated assets and liabilities set out in the Balsnce Sheet on pages 14-15. Supporting notes lo the accounts are on pages 17-33 providing additional information lo support the figures in the main slalemenls. The Financial Statements have been prepared lo Comply with the Slalemenl of Recommended practi applicable lo Gharilies pieparing their accounts in ac¢ordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 and the Companies Act 2006. The income for the year amounted to £2.636,424 12020 £2,159.6971 with expenditure amounting to £2,355,569 (2020 - £2,124,859} resulting in a net income of £280.855 {2020- £34.838). Resgrye8 Policy - The Board of Trustees has revièwed the policy for the retentSon of resetves a8 881 out in the tab18 below.. Critical 3 months operating costs plus redundancy payment8 At this point solvency of tho ¢ompany is a concern and actions will be taken. £275,000 Made up of., Contingency Fund Unrestricted Reserves £0 £275,000 Optimal 6 months operating costs plus redundancy payment8 The optimal point is 6 months o operating expenses. Between 3 and 6 months we need to be Cautious. £470,000 Made up of., Contingency Fund Unreslricled Reserves £195,000 £275,000 Maximum onths osls redundancy paym&nls. Levels beyond 6 months should initiate Consideration of investing the funds for oui charitable objectives. There should not be any resetwes funding beyond 9 months. £665,000 operating plus Made up of., Contingency Fund Unreslrtcled Reserves £390,000 £275,000 The final level of year end unrestricted reserves for 202012021 was £280,707 {201912020 £262,040) which is deemed as optimal i.e. between 6 and 9 months. Principle Funcllng Sour¢8s Sport England is the key funder for Yorkshire Sport Foundation. This year an amount of £2.080,738 was reVed for core funding for the Active Partnership with a number of the projects highlighted earlier in the report also benefiting from Sport England funding.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Grant Maklng Policies - Due to the naturè of the Chaiity we give many grants lo diffeTenl organisalions and individuals. Although there is not a company wide grant policy each individual programme that has Ills furtclion has a grant making policy that is steered by offIrg. partners and funders. FundraigSng Yorkshire Sport Foundation dS not curienlly engage in any significant fundiaising activities bul recognises the need to consider a fundraising strategy should il be necessary to support the aim of improving sustainability future years. Risk Planagement The Trustees have assessed the major risks lo which the Charity is exposed, and are satisfied that systems are in place lo miligale exposuff to the major risks. The Finance, Audit and Risk Committee reviews the Risk Register al every tneeling concenlialing Dn live and future risks to the ganisation. Al th818sI meeting of the commillee there remained four risks on the risk register, all with a medium risk rating. STRUCTURE. GOVERNANCE AND MANAGEMENT Yorkshire Sport Foundation is a charitable company limited by guarantee incorporated on 13 May 2011 and registered as a charity on 2 September 2011. The company was established under a Memorandum of Association which established the objects and powers of the chartlable company and 18 governed under its Articles of Association. The Truslees, who are also the d1clOr$ for the purpos& of company law, and who served during th& year and up lo the date of signature of the financial slalemenls weTe= P Reid J Rogers L Tully M McRae G Smith R Sallw C D 81ack H Kendall B Smith J Lord J McGarry Wlliams (Resigned 4 April 2021) (Resigned 23 November 20201 (Résigned 23 June 20201 (Appointed 12 Oclobei 20201 (Appointed 12 October 20201 IAppointed 12 October 2020} IAppoinled 26 April 2021) {Appointed 12 October 2020 Local Authority membership of the Board of TNstees is limited lo a maximum of 50% of Ihe lolas number of Trustees to avoid controlled company slalus. The Trustees of the Charity have control of Ihe Charity and ils properly and funds. All Tiustees are by vlrtue of their appointment also mem1r$ of the Charity and no other person other than a Trustee may be admilled as a Member of the Charity. None ol the Trustees has any beneficial interest in the company. In the event of the dissolution of the Charity, tha direcloTs are liable to pay an amount not exceeding £10 towards the liabilities and costs of dissolution. The Board can have a maximLtm ol tWee trustees al any one lime. Al the end of the year Board membership is at eight members with active recruilmenl ongoing to fill skill gaps. Day lo day responsibility foi the administration and proviSn of services is delègated to the Chief Execulivo Officer. During the year 202012021 the Finan, Audit and Risk Commi118e has continued to support and underpin Ihe work of the Board focusing specifically on the details of finance, risk. policies and audit. There are now three trustees on this group.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Diversity and Inclusivlty Our Board members and employees sliongly believe that we should be operating to the highest slantjards of corporate governance, equality and Iransparency. This is not about licking boxes for the sake of it, bul is a genuine commilm&nt lo do the right thing. As part of this, and as a minimum, we will adhere lo Sport England's highest tier ot the Code for Sports Governance along wilh achieving the relevant Safegltsarding, Eqully and Quality Standards. Yorkshire Sport Foundation is committed lo eliminating discrlminalion and encouraging diveTSily and inclusion within our workForGe, in Ihe partnerships we support and in the delivery of high quality sporting activities and programmes. We oppose all fomis of unlawful and unfair discrimination including direct and indirect disGrimination, har8ssment. bullying and viclimisalion. We recognise our legal obligations and will abide by the requirements of all relevant legislation. Al the heart of this is our commitment lo equality and diversity that is reflected in the Board diversity policy. We mu8t start al the highest level within the Board room. We re¢o9nise and embrace the benefits of having a diverse Board, and see increasing diversity al Board level as an essential element lo achieve our slated aims and objectives. Atruly diverse Board will in¢lL¢de and make good use of differences in the skills, experience, background, race. gender 2nd other qualities of Twslees. We are commilled lo progressing lowaTds achieving gendèr parity and greater diversity generally on our Board. including, bul not limited lo, Black, Asian. minority ethnic IBAMEI diversity and disability. As reflection of this Gommitment we wi11 achieve and maintain a minimum of 30% of either gender. These differences will bo considered in determining the makeup of the Board and be balanced appropriately whenever possible. All Board appointments are made on merit, in the conl@xl of the skills and expérien required lo fulfil its iesponsibilities. To ensufft thése standards are achieved an action plan has bean devised. This action plan is on track and Ihe achievements can be seèn on our website. Related Parties None of the Trustees receive remuneration or other benafit from their work with Yort<shire Sport Foundation and any connection beiween a Trustee 01 senior manager with a related party musl be disclosed lo the Boaid of Trustees. Any such transactions are disclosed in Note 23 to the Financial Slalements. Yorkshire Sport Foundation is Ihe Active Partnership operating South Yorkshire and West Yorkshire. 11 is one of the 43 Active Partntsr8hips in England who share best practice and information through the Active Partnerships National Team. Audltor In accordance with the company's articles, a resolution proposing that Naylor Whntersgill Limited be reappointed as auditor of the company will be pul al a General Meeting. The Trustees, report was approved by the Board ofTiustees. Dottusl ned ty.. E65DtDA724C5ICF... P Reid Trustee Dated: 10 September 2021
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION STATEMENT OF TRUSTEES, RESPONSIBILITIES FOR THE YEAR ENDED 31 MARCH 2021 Th8 Trustees. who are also the clirectors of Yorkshire Sport Foundation for the iiurposé of company law, are responsible for preparing the Trustees, Rèport and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company Law requires the Trust8 to prepare financial statements for each financial year which gve a true and fair view of the slate of afffairs of the Charity and of the incoming resources and application ol resOurs, including the income and exp8nd(ture. ol the charitable company for that year, In preparing thesè financial statements, the Trustee8 are required to., select suitable accounting policies and then apply them consislenlly., observe the methods and principlès in the Charities SORP- make judgements and eslimales that are reasonable and prudenl., slate whether applicable UK Accounting Standards have been followed, subje¢t to any material departures disclosed and explained in the financial slalem6nts', and prepare the financial slalemenls on the going conrn basi5 unless il is inappropriate to presume that the Charity will continue in Dperalion. The Trustees ara responsible lor keeping adequate accounting records that disclo8e with reasonable accuracy at any limé Ihe fillancial position of the Charity and enable them to ensure Ihal the financial slalements comply with the Companies Act 2006. They are also responsible for safeguarding the a85ets of the Charity and hence for taking reasonabl8 steps for the prevention and delectKJn of fraud and other irregularities.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF YORKSHIRE SPORT FOUNDATION Oplnion We have audited the financial slalemenls of Yoikshire Sport Foundation Ilhe 'Charily'l for the year ended 31 March 2021 which comprise the slalemenl of linancial a¢livili8s, the balance sheet, the statement of cash flows and the notes lo the financial slatoments, including significant a¢counting policies, The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom AGcounling standards. including FRS 102 Th& FinBncial Roporting Slandard applNcable in Ihe UK and Republic of ltsland (United Kingdom Generally A¢pIed Accounting Practice}. In OLsr opinion, the finanual slalements.. give a true and fail view of the slate of thè charitable company's affairs as al 31 March 2021 and of its incoming resources and application of resources, for the year then ended,. have been properly prèpared in accordancè with United Kingdom Generally ACpIe Accounting PraGlice', and have been prepared in accordance with the requiremonls of the Companies Act 2006. Basis for opinion We conduGled our audit in accordanGe with International Standards on Auditing (UK) IISAS (UK)) and applicable 18w. Our responsibilities under those standards are further described in the Auditor's responsibilib'os for the audit of the financi81 statements section of OLJr report. We are independent of the Charity in accordance with the ethical requirements that are relevant lo our audit of the linanGial statements in the UK, including the FRC'S Ethical standard, and we have fulfilled our other ethical responsibilities in accoidance with Ih&se requiromenls. We beli#ve that the audit evidence w8 have obtained is sufficient and appropriate lo provide a basis for our opinion. Conclusions relatlng to golng concern In auditing the fvnancial statements, we have concluded that the Trustees, use of th8 going concem basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have parformed. we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast signrficanl doubl on the Charity's ability to Gonlinue as a going conrEm for a period of at least twe months from when the financial slalements are aulhorised for issue. Our responsibilities and the r6sponsibililies of the Trustees with respoct lo going conrn are described in the ralevant se¢lions of this report. Othgr Information The other infom)ation comprises the information included in the annual report other than the financial statemerbts and our auditorfs report Ih&reon. The Trustees are sponSible for the other infoimalion contained within the annual r8POrt. Our opinion on the financial slalements does nol cover the other information and wo do not express any forrn of assurance condusion thereon. Our responsibilty is to read the other information and, in doing so, considèr whether the other information is materially inGonsislent with Ihe financial stslements or our knowledge obtained in the course of the audit, or otherwise appear8 to be matèrially mis$l818d. If we Identify such material inconsislencios or apparent mateTial misststemenls, we are required lo determine whelhar this gives rise to a material misstatem8nt in th¢ financial statements Éhemselves. If, baseol on the work we have performed, we conclud& that there is a material misstatement of this other infomiation. we are required to report that fact. We have nothing lo report in this regard. io-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF YORKSHIRE SPORT FOUNDATION Matters on which we are required to report by exception Vve h8ve nolhirbg lo iepoTI in respe¢l of the following matters in relation to which the Charities (Accounts and Reports) RegulalKJn$ 2008 require us lo report lo you if, in our opinion.. the information given in the financial slatemenls is inconsislenl in any material respect with the Trustees, report,. or sufficient accounting re¢ords have not been kept.. or the financial statemonts are not in agreement with the accounting records.. or we have not received a11 the infoimation and explanations we require for our audit. Responsibilities of Trustees As explained more fully in the statement of Trustèes, responsibilities, the Tru51ees, who are also the directors ol the Charity for the purpose of company law, are responsible for the preparation of the financial slalemenls and for being satssfied that they give a true and fair view, and for such internal control as the Trustees determin& is necessary lo enable the préparation of financial slalernenls that are frèe from material mis5talemenl, whether due to fraud or error. In preparing the financial Stalemenls. the Trustees are respDnsible for assessing th8 Charity's ability lo continue as a going conGern. disclosing, as applicable, mallers rèlated lo going Concern alld using thè going conctsm basis of accounting unless the Trustees either intend lo liquidate the charitable company or to cease operations, or have no realistic alternative bul lo do so. Auditorfs r8spon8lbllltl¢s for the audit of the financial ststémgnts We have been appointed as auditor under section 144 of the Charilies Act 2011 and report in accordance with the A¢1 and relevant regulations made or having effect Ihareunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misslalemenl, whether due lo fraud or error, and to issue an audilods report that includes our opinion. Reasonable assuran 18 8 high level of assurance bul is not a guarantee that an audit ¢oncl&cted in accordance with ISAS IUKI will ay$ delecl a material misslatemenl when it exists. Misstatements can arise from fraud or error and are considered matérial if, individually or in tho aggregate, they coukl reasonably be expected lo Influen the economic decisions of users taken on the basis of these financAal slalements.
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OFYORKSHIRE SPORT FOUNDATION Irregularities. including fraud. are instsnces of non-compliance with laws and regulations. INe design procedures in line with our responsibilities, outlined above, lo delecl mal8rial misslalements in respeGI of irregularities. including fraud. The exlenl lo which our prOdre5 are capable of delecling irregularities, including fraud, is detailed below. Based on our understanding of the Charity and its industry, we identified that the principal risks of non- compliance with laws and regulations related lo breaches of UK law and we considered thè exlenl to which non- compliance might have a material effect on the financial slalemenls of the Comp8ny. We also collsided those laws and regulations that have a direct iwnpact on the preparation of the financial statements such as th6 Charities Act 2011. Wé evaluated managemenvs incentives and opportunitie8 for fraudulent manipulatK)n ol the financial slalemenls (including the risk tsf override of controls), and determined that the principal risks were related lo w)sling inappropriate journal entries lo inGiease revenue or reduce expenditure or increas8 the capital position of the Charity, and management bias in accounting eslimales and judgmental areas of the financial slalements su¢h as the recognition of income. Audit proceduies perfom)ed by the engagement team included.. Oiscussions with directors including consideration of known or suspected instances of non-compliance with laws and regltlalion and fraud. Reviewing relevatil meeting minutes., Reviowing of coTrespondence in so far as they reialed to non-compliance with law8 and Tegulations and fraud., Procedures relating lo the recognition of income., Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations. posted on unusual days. posted by infrequent users. posled by senior management or posted with dèscriptions indicating a higher level of risk.. Designing audit procedures ID incoTporale unpredictsbilily around the nature. liming or extent of our testing over immaterial liabilities and assets balan$. There are inherent limitations in the audit procedures described above and the further removed non-'complian¢e wilh laws and regulations 18 from the events and transactions reflected in the financial statements. the less likely we would become aware of it. Also, the risk of not detecting a material misslalement due lo fraud is high@r than the risk of not detecting one resulling from error, as fraud may involve delibtsrale concealment by, for example, forgery or intentional misrepres8ntstions, or through collusign. A further dascrÈplion of our responsibilitiès is available on the Financia1 Reporting CoLEncil's website at.. hllp8'.11 www.frc.org.uklaudilorsresponsibilitses. This description forms part of our auditor's report. Docu$ned by.. 43A8OFCA5F73466 Naylor Wlnlarsglll Limit•d 10 September 2021 Chartered Accountsnts statutory Auditor Carlton House Grammar School Street Bradford BD14NS Naylor Wnlérsgill Limited is eligible for appointment a8 auditor of the Charity by virtue of its eligibility for appointment as auditor of a company under of section 1212 of the Companies Act 2006. 12-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021 Unrestricted Restri¢tod funds funds 2021 2021 Totsl Unreslricled Reslricled funds funds 2020 2020 Total 2021 2020 Notes co Donations and legaCS Income from Charitable actNilies Investments 29,000 2,555,864 2,584,864 24,818 2,056,928 2,081,746 46,343 4,917 300 46,643 4.917 64,918 8,762 4,271 69,189 8.762 Total income 80,260 2,558,164 2,636,424 98,498 2,061.199 2,159.697 Ex Charitable activities re 69,433 2,286,136 2,355.569 106,668 2,018,191 2,124,859 Net incoming resources befor transfers 10.827 270,028 280,855 18,q701 43,008 34,838 Gross transfers between funds {8,189) 8,189 110,065} 10,065 Net incomo for the yearl Not movement in funds 2.638 278.217 280,855 (18,235) 53,073 34,838 Fund balances at 1 April 2020 787,538 855.289 1,842,827 805.773 802,21 S 1,607,989 Fund balances at 31 March 2021 790,176 1,133,506 1.923,682 787,538 855.289 1.642,827 The statement of financial adivilies indudes all gains and losses recognised in the year. All Income and expenditure derive from continuing aclivilies. The statement of financial aclivi1185 also complies with the requirements for an income and expenditure account under the Companies Act 2008. 13-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION BALANCE SHEET ASAT31 MARCH 2021 2021 2020 Notos Fixod assèts Tangible assets Investments 12 13 7,527 11,454 7,528 11,454 Current assats Debtors Cash al bank and in hand 15 49.921 2,047.423 158,157 1,589,284 2,097,344 1,747,441 Creditors- amounts falllng dua wlthin one year 1181.1901 1116,0681 Nel current assets 1,916,154 1,631,373 Total assot8 less current Ilabilitles 1,923,682 1.642,827 Income funds Restricted funds Unrestr ad funds Designated funds General unreslri¢led funds 19 1,133,506 855.289 20 509,469 280.707 525,498 262,040 790.176 787.538 1,923,682 1,642,827 14-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION BALANCE SHEET {CONTINUED} ASAT31 MARGH 2021 Thè company is entitled lo the exemption from the audit requirement contained in section 477 of the Companies Act 2006. for the year ended 31 March 2021. although an audit has been carried out kjnder section 144 of the Charities Act 2011. The directors acknowledge théir responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the slate of affairs of the company as al the end of the financial year and of ils incoming resources and application of resources, including its income and expenditure, for the financial year in accoidance with the requirements ol sections 394 and 395 and which otherwise comply wilh the requirements of tha Companies Acl 2006 relating lo financial slatemenls, so far as applicable to the c¥)mpany. . The members have not required the Company lo obtain an audit of ils financial statements under the requirements of the Companles Act 2006, for the year in question in accordance with section 476. These financial slalemenls have been prepaied in accordance with the provisions applicable to companies subject lo the small companies regime. The financial statements were approved by the Trustees on 10 September 2021 DOBUS ned by.. DO¢uS*n6y'. 6DA724C54CF 65C2C777Cc07 H Kendall Trustge Trustee Company Reglstration No. 07633990 15-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2021 2021 2020 Notes Cash flows from operating a¢tlvitios Cash generatèd from owralions 24 453.223 189,469 Investing acilvltl&s Purchase of tangiblé fixed assets Purchase of investments Invèslmenl income ieceived 111,7811 4,g17 8,762 Net cash gonerated froml{used In) investing activltles 4,916 {3,0191 Net cash us8d In financing a¢tivities Ngt Increase In cash and cash gqulvalents 458.139 186.450 Cash and cash equivalents al bèginning of year 1,589,284 1.402,834 Cash and ¢a$h equivalents at end of year 2,047,423 1,589,284 16-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021 Aecounting policios Charity infomiation Yorkshire Sport Foundation is a private company limited by guarantee incorporated in England and Wales. The registered office is Wesl Yorkshire Joint Services Building. Nepshaw Lane South, Morley. Leèds, LS27 7JQ. 1.1 Accounting convention The accounts have been prepared in accordance with the Charity's Articles ofAssocialion, thè Companiss Act 2006 and "Accounting and Reporting by Charities". Statement of Recommended Practice applicable to charities preparing their accounts in accord8nce with the Financial Reporting Standard appl¢cable in the UK and Republic of Iroland IFRS 102)" las amendod for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102. The financial slalemenls are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial slalements are rounded to the nearest £. The financial statements have been propared under the historical cost convention. modified to InGlude the revaluation of freehold properties and to include investment properties and certaln flnancial instruments 8t fair value. The principal accounting policies adopted are sel out below. 1.2 Going ¢one&rn Al the lime of approving the financial slalemenls, the Trustees have a Teasonable expectalion that th& Charity has adequate resources lo continue in operational existence for the foreseeable future. We have funding confirmed for 21122 and an expeclatson th8t a further three year commitment will be made lo us. Thus the Tfuslees continue tts adopt thè going concern basis of accounting in preparing the financial slatemenls. 1.3 Charitable funds Unrestricted funds are available for use al the dlscretion of the Trustees in furtherance of their charitable objeGlives. Reslricled funds are subject to sF)ec1f conditions by donors as lo how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial staternents. Endowment funds are subjert to specific conditions by donors that the capital must be maintained by the Charity. 1.4 Incom& Income is recognisgd when the Charity is legally entitled lo it after any performan conditions have been met, the arnounls can be measured reliably, and it is probable that income will be reEved. Cash donatlons are recognised on receipt. Other donations are recognised onc& the Charity has been notified of the donation, unless performance conditions require deferral of the amounL InGome tax recoverable in relation to donations received under Grfl Aid or deeds of covenant is r8cogni8ed al time of the donat. Legacies are recogniséd on reIpl or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset. The charity has not received any goods for tjse by tho Chartty itsélf. 17-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng poliGi68 IContinued} Income derived from events is recognlsed as eamed {Ihal is, as the related goods or services are provided). 1.5 Expenditure Liabilities are ognISed as soon as there is a legal or constru¢lNe obligation commilling Ihe charity lo the expenditure. All expénditure is accounted for on an accruals basis and has been classified undèr heading that aggregate all costs related lo the category. Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activilles and servi¢es for ils benefiGiaries. 11 includes both Gosls that can be allcKaled directly lo such activities and thos& costs of an indirect nature necessary to support them. Irrecoverable VAT is charged against the category of resources expended for which it was incLJrred. 1.6 Tanglbla *ixed assets Tangible lixed assets are initially measured al cost and subsequently measured al cost or valuation, nèl ol eprecialion and any impairmént losses. Depreciation is recognised so as to wlile off Ihe cost or valuatlon of assets les8 their residual values over their useful lives on the following bases.. Computers 3 years straight line The gain or Ios8 arising on th8 disposal of an asset 18 determined as the difference b@eefi the sale proceeds and Ihe carrying value of the ass6t, and 18 recognised In net incomel(expendilurel for the year. 1.7 Flxed asset investment8 Fixed asset investments are initially measured at transaction price excluding Iransaclion costs, and a subsequently measured at fail value al each reporting dale. Changes in fair value are recognised in net incomellexpendilurel foi the year. Transaction costs are expensed as incuired. 1.8 Impalrment of fixed assets At each reporting end date, thè Charity reviews the carrying amounts of its tangible assets lo determine whether Ihare is any indication that those assets have suffered an impairment loss. If any such indallOn exists, the recoverable amount of the assèt is estimated in order lo determine the exlenl of the impainllent loss lif any). 1.9 Cash and cash equlvalants Cash and cash equivalents include cash in hand, deposits held al call with banks. olher short.leim liquid investments with original maturities of thr@e months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.10 Financial instrum8nts The Charity has èlected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, of FRS 102 to all of ils financial inslrumenls. Financial instruments are recognised in the Charity's balance shèet when the Charity becomes party to the contia¢tual provisions of Ihe instrument. Financial assets and Ilabilities are offset. with the nel amounts presented in the financial $t8temenls, when there is a legally enfoable right lo sel off the recognised 8mounts and there is an intention to settle on nel basis or lo realise the asset and sellk the liability simultaneously. 18-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Accountlng policie8 {Continuedl Basic financial assets easic finanGial assets. which include debtors and cash and bank balances, are initially measured at Iransaclion price including Iran8aclion costs and are subsequently carried al amortised ¢osl using the effective interest method unless the arrangement conslilul8s & financing transaction, where the transactlDn is measured at the present value of the future receipts discounted at a market rale of interest. Financial assets classified as receivable within one year are not amoilised. 8&slc financlal liabilitles Basic financial liabilities, includlng creditors and bank 108ns are initially recognised al transaction price unless the ariangemenl conslilutes a financing Iransaclion, where the debt instrument is measured al the present value of the future payments discounted at a market rate of intérest. Financial liabilities dassilied as payable within one year are not amortised. Debt instruments are subsequently carried al amortised cost, using the effective inteTest rate method. Trade creditors are Dbligalions lo pay for goods or services th81 have been acquired in the ordinary wurse of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or lèss. If not. they are presented as non-currenl liabilities. Trade credrtors are recognised initially at transaction price and subsequently measured al amortised cost using the effective interest method. Derecognition of financial liabilltles Financial liabilities are derecognised when the Charity's contractual obligations expire or are discharged or cancelled. 1.11 Employee bengfits The cost of any unused holiolay enlillemenl is recognised in Ihe period in which the employee's seNices are received. Tèrmination benefits are recognised immediately as an expense when Ihe Charity is demonstrably ommitted lo terminate the employment of an employee or to provide teminalion benefits. 1.12 Retirement benefits Payments to defin8d contribution reliiemenl benefit schemes are charged as an expense as they fall due. Crltical accounting estimates and judgemants In the application of the Charity's accounting policies. the Trustees are requiTed to make judgements. estimates and assumptions about the Carrying amount of assets and liabilities that are nol readily apparent from other sour¢8s. The estimates and associated assumptions are based on historical experience and other factors that are considered lo be relevant. Actual results may differ from thes6 estimates. The eslimales and undertying a8sumplions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the perK)d in which the estimate is revised where the r&vision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. 19-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Donatlons and legacigs Unrestricted Restricted funds funds Total Unrestricted Restricted funds funds Total 2021 2021 2021 2020 2020 2020 Donations and gtfts Listed below 5,000 5.00 24.000 2,555.864 2,579.864 818 190 1,008 24,000 2,056,738 2,080,738 29,OOD 2.555,864 2,584,864 24,818 2.056,928 2,081.746 Grants rècelvable for Core activltles Sport England Coach Cor¥ Foundation Calderdale Council Leeds Council Bradford Council Sheffiéld Council National Centre for Sport and Exercise Mediclne Rotherham Council Wakefield Council Lawn Tennis Association Touchstone Slreel Games Sheffield Comic Relief Doncaster Council Allian Sport London Maialhon Charilable Trust Mind Public Health England 2,325,770 2.325,770 50,000 50.0(10 1,895,337 1.895,337 fj2.000 12,000 12,000 25,000 22,000 12,000 12,000 12,000 22,000 1,500 13.000 22,000 10,000 1,500 22,000 6,000 28,900 3,334 22.000 6,000 28,900 3,334 22,000 395 72.000 11.050 9,026 11,930 22.000 395 72,000 11,05Q 9.026 11,930 5,760 29,600 6,000 14.500 5,760 29.600 6.000 14.500 35,000 12,500 5,000 35,000 12,500 5.000 24,OOD 2.555.864 2.579,864 24,000 2,056,738 2,080,738 -20-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Income from Charitablé activlties 2021 2020 ConsultanGy, Coaching and Courses 46.643 69.189 Analysis by fund Unreslricled funds Restricted funds 46,343 300 64,918 4,271 46.643 69.189 Investmènts Unrgstrictad Unrestricted funds funds 2021 2020 Interest receivable 4.917 8.762 21
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Charitable activities Sports Activlties and Facilitios 2021 Sports Activities and Facilities 2020 Staff costs Sports and activities Staff training 1.304,266 1.247,465 940,924 754.196 12,602 21,646 2,257,792 2,023,307 Share of support costs (see note 71 Share of governance ¢osls1see note 71 91,117 6,660 94.892 6,660 2,355.569 2.124,859 Anatysis by fund Unreslricled funds Restricted funds 69,433 106,668 2.286,136 2.018,191 2.355.569 2,124,859 22-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Support cosls Support Governance costs costs 2021 Support Governancg costs Gosts 2020 Depreciation Rent and facilities Insurance Computers, equipment . and telephone Print, rx)stage and stationery Sundry Travel Irrecoverable VAT Legal 8nd professional Bank charges Bad debts 3,927 29,632 8,310 3,927 29,632 8,310 327 32,095 6.928 327 32,095 6,928 35,375 35,37S 38,454 38,454 12,980 13 12,980 13 14,535 14,535 5,625 (3,570) 5,625 (3,5701 440 440 440 440 473 25 473 25 Audit fees 6.660 6,660 6.660 6,860 91.117 6.660 97,777 94.892 6,660 101.552 Analysed between Charitable activities 91,117 6,660 97.777 94,892 6,660 101.552 All 8UPPgrt costs are allocated lo the only charilablo activity, being sports actsvilies and facilities Govemance costs includes payments to the auditors of £6.66012020- E6,660} for audit fees. TN8tees No trustees received travel expense reimbursements of £Nil 12020 - £831. No Iru51ees lor any person5 connected with them) received any remuneration, expenses or benefits from the charity during the current or prior ye8r. 23-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 Employees Numberof employees The av&rage monthly number of employees during the year wa8.. 2021 Number 2020 Number 40 39 Employment costs 2021 2020 Wages and salaries Social security costs Other pension costs 1,111.399 107,892 84,975 1,066,959 97,605 82,901 1,304,266 1,247,465 The average montt)ly number of employees expressed as full lime eqivalents during Ihe year was 34.3 (2020 32.91. The number of employees whose annual remuneration was £60.000 or mor6 were.. 2021 Numbor 2020 Number 80,000- 70,000 70,OC>1- 80,000 During the y@ar. defined contribution pension contributions lolalling £10,36512020.. £10.2461 were made on behalf of these staff. 10 Taxation As a charity the company is exempt from tax on incom¥ falling wllhin part11 of the Corporation Tax Act 2010 and on gains falling within s256 of the Taxaln of Chargeablé Gains Act 1992 to the exlenl that these aré applied to ils charitable objectThies. No lax charges have arisen in the charity. Defined contributlon nsIOn soheme The Charity operates a defined conlrilyjtion pension scheme. The pension cost ¢h8rged for the period repiesenls contributions payable by Ihe charity lo Ihe scheme and amounted to £84,97512020 £82,901). There were no outstanding or prepaid contributions at either the beginning or end of the financial year. 24-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2021 12 Tangible fixed assets Computers Cost Al l April 2020 11,781 Al 31 March 2021 11.781 Depreciatlon and Impairment Al l April 2020 Depreciation Charged in the year 327 3,927 Al 31 March 2021 4,254 Carrying amount At 31 March 2021 7,527 At 31 March 2020 11,454 13 Flxed asset invgstments Unlisted investments Cost orvaluation At 1 April 2020 Additions At 31 March 2021 Carrying #mount Al 31 March 2021 At 31 March 2020 -25-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 14 Subsidiarles Nama of undertaking and country of Natur& of busine58 Class of 'h Held incorporation or residency sharehol ding Direct Yotkshire Sport Plus Limited England SportsA¢livities Ordinary loo.00 The aggregate capital and reserves and the resull for the year ot subsidiaries was as follows.. Name of undertaking Capital and reservtrs Turnover Expense8 Profltl(Lossl Yorkshire Spoil Plus Limited Cc*Trpany no. 13224876 15 Dgbtors 2021 2020 Amounts falling due wlthln one year. Trade debtors Other debtors Prepayments and accrued income 21,422 11.490 17,009 33,465 2.213 122.479 49,921 158,157 16 Creditor8: amounts falling duè withln one yoar. 2021 2020 Notes Other taxation and soEsal security Deferred income Trade creditotS Accruals 23.649 28,68S 21,600 42,818 22,965 17 24,781 132,760 181,190 116,068 -26-
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 17 Deferred income 2021 2020 Other daferred income 21,600 Deferred Income is included in the financial statements as follows.. 2021 2020 As al 1 April Amount released lo Income Amounts deferred durtng the year 21.600 121.600} 22.550 122,0001 21,600 As al 31 March 21,60Q Grant income has been deferred because the specific criteria attached lo the grant has not been mel al the year end. 18 Member8 Liabllity The Charity is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £10 towards the assets of thé ctrArily in the event of liquidation. 27-
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Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 20 D081gnat&d funds The incotne funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.. BalallGe at l Aprll 2019 ResoutCW6 expBnded Transfers Balan¢e at 1 Aprll 2020 Resourc95 expended Transfers Batanco at 31 March 2021 Contingency Project Development Yoikshire Sport Plus Fixed Asset Fund 275,000 275,000 18,479) 266,521 268,059 {106,668) 77,653 239,044 1103,9901 100,367 235,421 (19,8671 9,867 11,454 11,454 13,9271 7.527 543.059 1106,8681 89,107 525,498 1127,7841 111,755 509,46g 21 Funds Balancg at q Aprll 2020 Incoma Expendlture Transfers Balance at 3q March 2021 Reslricled funds Designated funds Genèral unrestri¢ted fund8 855,289 525,498 2,556,164 {2,28e,1361 1127,7841 8,189 111.755 1,133,506 509,469 262,040 80,260 58,351 1119,9441 280,707 1,642,827 2,836,424 12.355,569) 1,923,682 Balancè at 1 Apri 2019 Income Expondltur& Transfers Balanc6 at 31 March 2020 Restricted funds Designated funds General unrestricted funds 802,216 543,059 2,061,199 12,018,191) (106.6681 10,065 89,107 855.289 525,498 262,714 98,498 (99,172} 262,040 1,607.989 2,159,697 12,124,859} 1,642,827 29-
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Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 23 Related party transactlons Remunération of key m8nag8ment personnel The remuneration of key management personnel is as follows. 2021 2020 Aggregate compénsation 153,328 160,754 Transactlons with related parties During the year the Charity entered into the followlng transactions with ralgtod parties.. Any connection between a Iruslee or senKJr manager with a related party musl be disclosed lo the Board ol Trustees. During 20121 Yorkshire Cricket Board was paid £nil 119120 £8,000) for the sa1811ile clubs programme. Andrew Walson is a director of Yorkshire Cricket Board as well as being on the t)oard of Yorkshire Sport Foundation until 27 January 2020. During 20121 Ready, Steady, Active was paid £1,675119120 £1,825) for the satellite clubs and mums team programmes, Rashida Salloo is a director of Ready, Steady. Active as well as being on the board ol Yorkshire Sport Foundation. Payments were made in Ilne with the Financial Produre Rules. 24 Cash generated from operatlons 2021 2020 Surplus for the yèar 280,855 34,838 Adjustments for.. Investment income wognised in statement of financial acliwlies Depreciation and impairment of tangible fixed assets {4.917) 3,927 18.7621 327 Movements in working capital.. DeGreas& in d8btors Increaselldecreasel in creditors (Decrease) in deferred income 108,236 86,722 121,6001 187,742 14,2761 14001 Cash generatod from operations 453,223 189,469 31
Docusign En¥ÈlopÈ ID". 922C5A91-D6774C67-983E-A98E2E88F2B9 YORKSHIRE SPORT FOUNDATION NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 25 Analysls of changes in net funds Thè Charity had no debt during the year. 26 Annual Accounts In¢omÉ Expenditure 2,636,424 {2,355,5691 Sport England Local Authority Non-public Total Revenue and grants Sponsorship Other income 2,325,770 98.400 160,694 2,584.864 51.560 51,560 Total income 2,325,770 98.400 212,254 2,636,424 Support costs Staff costs Sports and acliviti8s Training 69,372 1,133,403 656.333 28,405 72,463 284,591 12.802 97.777 1,304,266 940,924 12,602 98.400 Total Expènditure 1,859,108 98,400 398,061 2,355.569 Net Income 466.662 (185,8071 280,855