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|Chair's Welcome||1|to|2|
|Report ofthe Trustees||3|to|11|
|Report ofthe Independent|Auditors|12|to|14|
|Statement of Financial Activities|||15||
|Balance Sheet|||16||
|Cash Flow Statement|||17||
|Notes to the Cash Flow Statement|||18||
|Notes to the Financial Statements||19|to|30|
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|||||||Restated|
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||f|F|
|INCOME AND ENDOWMENTS|FROM||||||
|Donations
and legacies||3|13,528|1,626,345|1,639,873|1,809,030|
|Charitable
activities|||||||
|League and competition|||54,775|6,000|60,775|53,498|
|Coaching,
training
and development|||42,968||42,968|52,856|
|Other contributions|||10,747|9,122|19,869|27,377|
|Other trading
activities|||41,100||41,100|39,883|
|Total|||163,118|1,641,467|1,804,585|1,982,644|
|EXPENDITURE ON|||||||
|Raising funds|||5,172|4,726|9,898|16,585|
|Charitable
activities|||||||
|League and competition|||76,320|263,545|339,865|304,067|
|Coaching,
training
and development|||70,248|1,499,479|1,569,727|1,385,178|
|Total|||151,740|1,767,750|1,919,490|1,705,830|
|NET INCOME/(EXPENDITURE)|||11,378|(126,283)|(114,905)|276,814|
|Transfers
between
funds|||~10,000)|10,000|||
|NET MOVEMENT
IN FUNDS|||1,378|(116,283)|(114,905)|276,814|
|RECONCILIATION
OF FUNDS|||||||
|Total funds brought
forward|||330,593|468,793|799,386|522,572|
|TOTAL FUNDS CARRIED FORWARD|||331,971|352,510|684,481|799,386|
##
|||||||Restated|
|---|---|---|---|---|---|---|
||||||31.3.23|31.3.22|
||||Unrestricted|Restricted|Total|Total|
|||Notes|funds
f|funds
f|funds
f|fundsf|
|FIXEDASSETS|||||||
|Tangible assets||13|6,000||6,000|8,000|
|CURRENT ASSETS|||||||
|Debtors
Cash at bank and|in hand|14|5,093
497,872|421,401|5,093
919,273|43,047
946,526|
||||502,965|421,401|924,366|989,573|
|CREDITORS|||||||
|Amounts
falling due within one year||15|(176,994)|(68,891)|(245,885)|(198,187)|
|NET CURRENT ASSETS|||325,971|352,510|678,481|791,386|
|TOTAL ASSETS|LESSCURRENT||||||
|LIABILITIES|||331,971|352,510|684,481|799,386|
|NET ASSETS|||331,971|352,510|684,481|799,386|
|FUNDS||17|||||
|Unrestricted
funds
Restricted funds|||||331,971
352,510|330,593
468,793|
|TOTAL FUNDS|||||684,481|799,386|
##
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||||31.3.23|31.3.22|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
from operations||1|~27,253)|219,752|
|Net cash (used in)/provided|by operating|activities|~27,253)|219,752|
|Cash flows from investing
Sale oftangible
fixed assets|activities|||~111)|
|Net cash provided
by/(used|in) investing|activities||~111)|
|Change
in cash and cash|equivalents||||
|in the reporting
period|||(27,253)|219,641|
|Cash and cash equivalents|at the||||
|beginning
ofthe reporting|period||946,526|726,885|
|Cash and cash equivalents|at the end||||
|ofthe reporting
period|||919,273|946,526|
##
|||31.3.23|31.3.22|
|---|---|---|---|
|||f||
|Net (expenditure)/income
for the reporting|period (as per the|||
|Statement of Financial Activities)
Adjustments
for:||(114,905)|276,814|
|Depreciation
charges||2,000|2,780|
|Loss on disposal offixed assets|||111|
|Decrease/(increase)
in debtors
Increase/(decrease)
in creditors||37,954
47,698|(1,416)
~55,537|
|Net cash (used in)/provided
by operations||~27.253)|219,752|
##
|||At 1.4.22|Cash flow
f|At 31.3.23|
|---|---|---|---|---|
|Net cash|||||
|Cash at bank and|in hand|946,526|~27,253)|919,273|
|||946,526|~27,253)|919,273|
|Total||946,526|~27,253)|919,273|
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|Grants received,
include|d
in the above, are as follows:|||
|---|---|---|---|
||||Restated|
|||31.3.23|31.3.22|
|||E||
|Sport England - Whole
Sport England - IAG
Sport England
- CWG
UK Sport - World Class
UK Sport - Governance
UK Sport - International
UK Sport —Broadcast|Sport Plan
Performance
Relations|396,399
192,886
94,090
896,470
15,000
31,500|346,458
194,977
31,364
1,162,131
24,500
49,600|
|||1,626,345|1,809,030|
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|OTHER T|RADING|ACTIVITIES|||
|---|---|---|---|---|
|||||Restated|
||||31.3.23|31.3.22|
|Corporate|and commercial||41,100|39,883|
|INCOME|FROM CHARITABLE ACTIVITIES||||
|||||Restated|
||||31.3.23|31.3.22|
|||||E|
|League and competition
Coaching,
training
and development|||60,775
42,968|53,498
52,856|
|Other contributions|||19,869|27,377|
||||123,612|133,731|
|RAISING|FUNDS||||
|Raising donations||and legacies|||
|||||Restated|
||||31.3.23|31.3.22|
||||F||
|Corporate|and commercial||9,898|16,585|
##
||||||||Restated|
|---|---|---|---|---|---|---|---|
|||||Direct Costs|Support Costs
(see note 8)|Total
31.3.23|Total
31.3.22|
|||||||E|E|
|League and competition||||297,963|41,902|339,865|304,067|
|Coaching,
training||and development||1,087,847|481,880|1,569,727|1,385,178|
|||||1,385,810|523,782|1,909,592|1,689,245|
|SUPPORT COSTS||||||||
||||||||Restated|
|||||||Total|Total|
|||||||31.3.23|31.3.22|
|||||||F||
|Audit fees||||||12,000|12,000|
|Accountancy|fees|||||12,171|12,289|
|Bad debts||||||1,013||
|Bank charges||||||3,427|751|
|Board costs||||||6,717|1,399|
|Depreciation|—owned assets|||||2,000|2,780|
|Equipment
costs||||||6,150|9,644|
|Insurance||||||19,832|15,978|
|IT and admin|costs|||||20,158|26,126|
|Legal and professional||||||5,594||
|Loss on foreign exchange||||||72|271|
|Deficit on disposal||offixed|assets||||111|
|Marketing||||||52,914|51,310|
|Operating
leases||||||25,982|15,847|
|Other costs||||||169|6|
|Other staff costs||||||19,875|5,802|
|Postage and|stationery|||||530|15|
|Research and development||||||21,797|7,011|
|Safeguarding||||||3,583||
|Support staff||||||303,947|335,356|
|Telephone||||||1,621|3,571|
|Travel and subsistence||||||4,230|8,930|
|||||||523,782|509,197|
|NET INCOME/(EXPENDITURE)||||||||
|Net income/(expenditure)|||is stated after charging/(crediting):|||||
||||||||Restated|
|||||||31.3.23|31.3.22|
|||||||E||
|Audit fees||||||12,000|12,000|
|Accountancy|fees|||||12,171|12,289|
|Depreciation|- owned assets|||||2,000|2,780|
|Operating
leases||||||25,982|15,847|
|Deficit on disposal||offixed|assets||||111|
|||||Page 23|||continued. ..|
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|STAFF COSTS|||
|---|---|---|
|||Restated|
||2023|2022|
||F|F|
|Wages and salaries|576,892|589,679|
|Social security costs|65,444|62,396|
|Pension costs|12,487|14,621|
||654,823|666,696|
|||Restated|
|---|---|---|
||2023|2022|
|Staff|13|13|
||||Restated|
|---|---|---|---|
|||2023|2022|
|F60,001|- F70,000|1||
|F70,001|- F80,000|1||
|F80,001|- F90,000|||
|F90,001|- F100,000|||
##
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|||||Restated|
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||F|F||
|INCOME AND ENDOWMENTS|FROM||||
|Donations
and legacies|||1,809,030|1,809,030|
|Charitable
activities|||||
|League and competition||53,498||53,498|
|Coaching,
training
and development||52,856||52,856|
|Other contributions||26,622|755|27,377|
|Other trading
activities||39,883||39,883|
|Total||172,859|1,809,785|1,982,644|
|EXPENDITURE ON|||||
|Raising funds||16,585||16,585|
|Charitable
activities|||||
|League and competition||18,034|286,033|304,067|
|Coaching,
training
and development||30,417|1,354,761|1,385,178|
|Total||65,036|1,640,794|1,705,830|
|NET INCOME||107,823|168,991|276,814|
|Transfers
between
funds||~90,490)|80,490||
|NET MOVEMENT
IN FUNDS||27,333|249,481|276,814|
|RECONCILIATION
OF FUNDS|||||
|Total funds brought
forward||303,260|219,312|522,572|
|TOTAL FUNDS CARRIED FORWARD||330,593|468,793|799,386|
##
##
||Computer|
|---|---|
||equipment
f|
|COST||
|At 1 April 2022 and 31 March 2023|104,503|
|DEPRECIATION||
|At 1 April 2022
Charge for year|96,503
2,000|
|At 31 March 2023|98,503|
|NET BOOK VALUE||
|At 31 March 2023|6,000|
|At 31 March 2022|8,000|
##
|14.|DEBTORS:AMOUNTS
|FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
|||||Restated|
||||31.3.23|31.3.22|
||Trade debtors
Grants receivable
VAT||5,093|30,899
10,000
2,148|
||||5,093|43,047|
|15.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||
|||||Restated|
||||31.3.23
f.|31.3.22
f|
||Trade creditors
Social security and other
VAT
Other creditors
Accrued expenses|taxes|114,253
21,763
2,204
3,141
104,524|85,873
23,340
3,449
85,525|
||||245,885|198,187|
##
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|Minimum
lea|se|payments
under non-cancella|ble
operating
leases fall du|e as follows:||
|---|---|---|---|---|---|
||||||Restated|
|||||31.3.23|31.3.22|
||||||F|
|Within one year
Between one and five years||||8,538|8,538|
|In more than|five years|||||
|||||8,538|8,538|
|MOVEMENT|IN|FUNDS||||
|||||Net||
|||||movement|At|
||||At 1.4.22|in funds|31.3.23|
||||E|||
|Unrestricted|funds|||||
|General
fund
Designated|||80,593
250,000|(28,622)
30,000|51,971
280,000|
||||330,593|1,378|331,971|
|Restricted funds||||||
|Equipment
World Class Performance
International
Relations
Lord's Taverners
NGB Whole Sport Plan
Sports Aid|||696
245,447
23,861
1,893
28,581
1,425|(175)
(136,398)
12,594
(1,893)
61,522|521
109,049
36,455
90,103
1,425|
|IAG|||111,071|(47,026)|64,045|
|Commonwealth
Broadcast
Governance||Games|26,320
29,499|8,028
(27,935)
15,000|34,348
1,564
15,000|
||||468,793|{116,283)|352,510|
|TOTAL FUNDS|||799,386|{114,905)|684,481|
##
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|||Transfers|Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
||||F|P||
|Unrestricted|funds|||||
|General fund||(40,000)|163,118|(151,740)|(28,622)|
|Designated|fund|30,000|||30,000|
|||(10,000)|163,118|(151,740)|1,378|
|Restricted|funds|||||
|Equipment
World Class|Performance||902,592|(175)
(1,038,990)|(175)
(136,398)|
|International
Relations
Lord's Taverners
NGB Whole Sport Plan|||34,498
396,400|(21,904)
(1,893)
(334,878)|12,594
(1,893)
61,522|
|IAG||10,000|192,886|(249,912)|(47,026)|
|Commonwealth
Games
Broadcast|||100,091|(92,063)
(27,935)|8,028
(27,935)|
|Governance|||15,000||15,000|
|||10,000|1,641,467|(1,767,750)|~(116,283|
|TOTAL FUNDS|||1,804,585|~1,919,490 ~114,905)||
##
|Comparative|s|for movement
in funds||||
|---|---|---|---|---|---|
|||||Net||
|||||movement|At|
||||At 1.4.21|in funds|31.3.22|
|Unrestricted||funds||||
|General
fund|||53,260|27,333|80,593|
|Designated|||250,000||250,000|
||||303,260|27,333|330,593|
|Restricted funds||||||
|Equipment|||847|(151)|696|
|World Class|Performance||86,496|158,951|245,447|
|International|Relations||18,411|5,450|23,861|
|Lord's Taverners|||1,893||1,893|
|NGB Whole|Sport Plan||43,713|(15,132)|28,581|
|Sports Aid|||1,425||1,425|
|IAG|||66,527|44,544|111,071|
|Commonwealth||Games||26,320|26,320|
|Broadcast||||29,499|29,499|
||||219,312|249,481|468,793|
|TOTAL FUNDS|||522,572|276,814|799,386|
##
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##
|Comparative||net movement
in fun|ds,
included
in the abov|e are as follo|ws:||
|---|---|---|---|---|---|---|
|||||||Restated|
||||Transfers|Incoming|Resources|Movement|
|||||resources|expended|in funds|
|||||||f.|
|Unrestricted||funds|||||
|General fund|||(80,490)|172,859|(65,036)|27,333|
|Restricted funds|||||||
|Equipment|||||(151)|(151)|
|World Class|Performance|||1,232,892|(1,073,941)|158,951|
|International|Relations|||24,500|(19,050)|5,450|
|NGB Whole|Sport Plan|||346,942|(362,074)|(15,132)|
|IAG|||80,490|124,487|(160,433)|44,544|
|Commonwealth
Broadcast||Games||31,364
49,600|(5,044)
~20,101)|26,320
29,499|
|||||1,890,275|(1,640,794)|249,481|
|TOTAL FUNDS||||1,982,644|~1,705,830)|276,814|
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||Previous|Restated||
|---|---|---|---|
||Year 2022|Year 2022|Adjustment|
|Expenditure||||
|League and competition
Coaching,
training
and development
Events
International
representation
Support costs
Other costs
Governance
costs
Depreciation
Profit on fixed assets disposals|160,305
932,108
72,181
549
311,556
4,924
204,731
2,780
111|304,067
1,385,178|143,762
453,070
(72,181)
(549)
(311,556)
(4,924)
(204,731)
(2,780)
~111)|
||1,689,245|1,689,245||