AMENDED
Trustees, Report
and Financial Statements
For year ended 30 June 2022
LTSBO

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
STATEMENT ON THE REVISED ACCOUNTS
This set of revised accounts replace the original annual accounts for the financial year ended 30 June 2022.,
This set of revised accounts are now the statutory accounts of the Company for the financial year ended 30
June 2022.,
This set of revised aceounls have been prepared as at the date of the original annual aceounls and not as al
the date of revision and accordingly do not deal with events between those dales",
The original annual accounts did not comply with the Companies Act 2006 and the relevant accounting
standards, including the Charity SORP, in relation to the presentation of restricted funds.,
There were no further significant amendments made consequential upon the remedying of those defects.

Contents
The Chair's Statement
Trustees, Report
Year in Review
Fundraising
Governance
Statement of Trustees, Responsibilities
Trustee Details
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p12
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Independent Auditor's Report on the Financial Statements
Statement of Financial Activities
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Balance Sheet
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p20
p21
Statement of Cash Flows
Notes to Financial Statements
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The Chair's
Statement
It has been my privilege to be Chair of Leadership Through Sport and Business (LTSB) for the last
10 years since I founded the charity in 2012.
I would like to take this opportunity to thank our Staff, Trustees and Patrons for their terrific
contributions over this period.
When Paul Evans left as CEO in June 20221 also had the pleasure of acting as CEO for 4 months
before Rob Burton joined as CEO on November 8th. Rob was previously CEO at Age UK
Richmond.
On April 1 2023 1 will be succeeded as Chair by Jeff Hayes who has been Chair of Trust for
London for the last 10 years. I leave the charity in the hands of Jeff and Rob, our Trustees and
our excellent Senior Leadership team, and l am confident that together they can take LTSB to
even greater heights.
Over the past year the charity has again experienced steady growth despite what I hope will be
the back end of the Covid crisis. In this year as in prior years I would like to thank our employers
and funders for their support. Many of them are rightly mentioned later in this report. I thank
them all, both large and small. Many corporate employers are stepping up to help tackle the
Social Mobility issues that the U K faces despite challenges such as Covid. l am inspired by their
dedication and courage. l am delighted to mention in particular the Natwest Group that
continually rises to these challenges no matter the obstacles.
Last but not least I salute our Young People. By the end of 2023 we will have transformed the
lives of nearly 1500. Notwithstanding the enormous efforts of all the above participants in this
journeyi the Young People themselves still have to do much of the heavy lifting. l am in awe of
what they achieve every year and beyond.
David Pinchin,
Chair
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Trustees, Report
The Trustees present their Annual Report together with the audited financial statements of the
Charity for the 1 July 2021 to 30 June 2022. The Annual Report serves the purposes of both a
Trustees, report and a directors, report under company law. The Trustees confirm that the Annual
Report and financial statements of the charitable company comply with the current statutory
requirements, the requirements of the charitable company's governing document and the
provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing
their accounts in accordance with the Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2000, the Strategic
Report required of medium and large companies under the Companies Act 2006 (Strategic
Report and Directors, Report) Regulations 2013 has been omitted.
Our Vision
A world where all young people flourish, regardless of their background.
Our Mission
Leadership Through Sport & Business (LTSB) prepares, connects and supports young people
from disadvantaged backgrounds to careers with major organisations.
Our programmes are designed to tackle the structural inequality in education and employment
that prevents social mobility- We work with bright young people from economically
disadvantaged backgrounds across the UK and unlock their potential through personal and
professional development and career-makins employment. We do this by..
Promoting opportunities to those from background$ that are not normally reached
Preparing young people for the workplace, and the workplace for the young people
Placing candidates in careers, stewarding and contextualising their application
Pastoral care - an additional support network for the first year of their career
Our Programmes
We help young people establish careers in the Business & Finance, Contact Centre, Customer
Service, Digital, Legal and Marketing sectors. After our industry-specialised pre-employment
programmes prepare them for work, we place them in meaningful roles and support them for the
first year of their career.
Public Benefit
LTSB operates for public benefit and general charitable purposes according to the laws of
England and Wales. The Trustees have paid due regard to the Charity Commission's guidance on
public benefit in deciding the activities undertaken by the Charity during the year, and in
planning activities and setting policies for the year ahead.
Beneficiaries
The beneficiaries of LTSB are young people between the ages of 16 and 24 from disadvantaged
backgrounds.
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Assessment of Public Benefit
At each Trustees, meeting, the Trustees review reports prepared by the Senior Leadership Team.
The report covers programme impact and results, programme development, policy changes,
fundraising i f i nancial performance, and organisational risks. This enables the Trustees to ensu re
they are in line with our strategy and that we are effectively operating for the benefit of the
public in accordance with our objectives.
The Trustees are satisfied that the information provided in the report meets the public benefit
reporting requirements. LTSB may also pursue other charitable purpose or purposes according
to the law of England and Wales as the Trustees in their absolute discretion shall select from
time to time.
Year In Review
This reporti ng period was still signif icantly im pacted by the pandemic. I n-person recru itment in
youth centres and communities was limited, bootcamp delivery remained predominantly online,
and business uncertainty often meant that social mobility apprenticeship programmes were
diff icult to prioritise. While this posed challenges for recruitment, retention, and placement,
nevertheless our pandemic delivery model remained resilient, and we saw continued growth.
Digital and Customer Service
Our Digital and Customer Service programmes ran in Summer 2021 with young people from
Birmingham, Bristol, Edinburgh, London and Manchester. Each bootcamp is three weeks long
combining practical employability skills, critical thinking and exclusive industry insights. We
delivered five Digital bootcamps to 95 participants, and 60 were placed with Bravura, MJ
Hudson, Natwest Group, Renaissance Re and Tori Global, earning an average of £24,100.
The Customer Service programme consisted of three bootcamps with 63 participants, 30 of
whom were placed at Capco, Clay GBP, Hoares Bank, Natwest Group, Tori Global and
Tottenham Hotspur Football Club, earning an average of £21,100.
Digital & Customer Service Bootcamp Feedback.
100°A: "The support from the LTSB team has been important to my development"
100/.:
'1 would recommend this bootcamp to other young people like me"
' I feel more conf ident"
96%: '1 feel my communication skills have improved
98Y.:
I recommend any young person get involved with L TSB os it helps you learn new skills
and open up new doors to your future, with great support from the L TSB team.
Martin
Definitely an opportunity worth takingi especially if you feel like you lack the skills that
employers want. You won't regret taking the opportunity to enhance your skills.
Georgina
'Available responses range frotn Strongly Agree to Strongly Disagree. Percentages here and
throughout reflect respondents who Strongly Agreed or Agreed with the statement.
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Contact Centre
This programme prepares and supports candidates for apprenticeships with career progression
at Natwest Group Contact Centres in Belfast, Edinburgh, Greenock, Liverpool and Southend.
During the reporting period, we delivered 14 bootcamps, consisting of two weeks of LTSB
employability and an additional two-day, on-site work experience. Of the 172 participants, 151
or 88 /ts completed the course, with 120 hired {79/0 of completions). In 2021, these roles paid
£18,000, except in Southend, which paid £19,500. In 2022 this rose to £20,000, and £20,200 in
Southend.
Contact Centre Bootcamp Feedback
100%: "The support from the LTSB team has been important to my development"
99%: "1 would recommend this bootcamp to other young people like me"
97%: '1 feel my communication skills have improved
97%: '1 better understand how to work well in a team"
Business and Finance
We ran four Business and Finance programmes within this reporting window, including the first
stage of a pilot initiative with BDO in Liverpool. In total, 32 young people from Birmingham,
Liverpool, London and Manchester attended these bootcamps, with 29 (90/.) completing. Of
these, 22 (76/0 of completions) were employed in companies including Bank of Beirut, BKL,
Fever-Tree and Mayer Brown. The average national salary was just over £19,700, and the
average London salary was nearly £21,000.
Legal
The development of paralegal and solicitor apprenticeships was signif icantly influenced by the
desire to provide access to careers for those from disadvantaged and under-represented
backgrounds the industry recognised the need for change. We secured three years, funding to
establish a Legal programme, with a six-week pilot bootcamp starting in February 2022. 15
Legal Bootcamp Feedback
"The support from the LTSB team has been important to my development"
100%: '1 would recommend this bootcamp to other young people like me"
' I feel my communication skills have improved 11
Completing the paralegal bootcamp with LTSB was one experience that I will never
forget. l am so grateful for the skills I have been able to develop over the past O weeks
which I know will stick with me all throughout my career. The support you receive from
the whole L TSB team right from the beginning is something l appreciated so muchl
Henna
The programme is an absolute essential for people struggling to find the right puth into
law, especially if you are being hindered by UCAS points. They do an excellent job of
honing the right skills you need to impress intetviewers and moke it as a paralegal.
Joss
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young people in Birmingham, London, Leeds and Manchester participated, 14 completed and
by the end of the reporting period six had been hired by Addleshaw Goddard, Allen & Overy
CPS, Horwich Farrelly, Martin Kaye and Merton Council.
Volunteering
This period continued to see greatly reduced access to offices, and volunteering remained
predominantly online. Companies like Bohill Partners, BPP, Capco, Kroll, Macquarie,
Michael Page, Morgan McKinleyi Natwest Groupi Post Office and RSM provided their staff,
who directly engaged with our beneficiaries through insight days, practice interviews and
presentation judging sessions.
On the Digital and Customer Service programme, eight bootcamps saw 184 hours of
volunteering and 158 hours of mock interviews, representing around 15 interactions with
industry figures and potential colleagues per participant. Our Contact Centre programme had
five hours of volunteering per bootcamp, plus 221 hours of practice interviews across 14
bootcamps. In Liverpool, the Business and Finance programme benefited from BDO'S close
involvement, with 21 volunteers giving over 80 hours. Our Legal programme included 50 hours of
insight sessions from external employer partners and guest speakers, with an additional 14 hours
of mock interviews.
This constitutes a significant and meaningful contribution to the career journeys of our
beneficiaries. Without the commitment of volunteers who believe in the value of our work, future
apprentices would have a much poorer understanding of the working world.
Senior Staff Changes
CEO Paul Evans left in June 2022. Everyone at LTSB is grateful for Paul's leadership since his
appointment in April 2020. David Pinchi n served as Executive Chai r during the transition period
until Rob Burton was appointed as CEO, starting in post on November 7th 2022.
Future Plans
As we enter a transitional period with an incoming CEO and Chair, we have two areas of focus=
Develop existing relationships with employers. Lead employers make a real difference, not
only committing to hiring from the demographic we represent but also advocating for
changes in their sectors more broadly. Havin9 proved the value of our work, we want to
increase our impact with companies like Natwest Group and BDO, securing longer-term
contracts and greater certainty about our partnerships.
Expand our work to new disciplines, industries and cities. LTSB is always developing new
employers and industries to give young people the opportunities they deserve. In Autumn
2022 our first Marketing cohort will begin in London, and we are working with recruitment
sector to deliver a Recruitment programme in 2023.
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Fundraising
We are grateful to our funders, without whom the work of LTSB would not be possible. We
generate funds through a range of income streams. Business development and funding activity is
also supported by other colleagues within the organisation and Trustees.
We take our fundraising responsibility seriously and have policies in place to ensure good
practice, in line with the charity governance code.
We have never received a complaint regarding our fundraising practice.
We have a Finance and Risk Committee in place which would be the nominated body to handle
complaints shou Id they arise.
Governance
LTSB is registered as a charitable company limited by guarantee and was set up by a Trust deed.
LTSB is a well-governed charity with a board drawn from many different sectors, and a clear
commitment to continuous learning, improvement and strengthening. Trustees are particularly
keen to ensure the voices of young people and staf* are heard at governance level and inform
their decision making.
Trustee Recruitment and Induction
Election, retirement and re-election of Trustees are carried out according to the procedures set
out in our Memorandum and Articles of Association, which is our governing document.
LTSB reviews and recruits new Trustees to ensure the board is diverse and has the range of skills,
knowledge and experience necessary to comply with its collective responsibility.
After over ten years in post, Founder David Pinchin will retire as Chair in 2023 and become a
Patron. Everyone at LTSB is grateful for his leadership. Jeff Hayes will join the board as Chair
from April 1 st 2023.
In the reporting period, we made three additions to our board:
Gary Duggan has over 30 years, experience in the financial services and insurance industry,
running large scale businesses in the UK, Asia and the Middle East. Gary is currently Chief
Insurance Off icer at Tesco Bank and CEO of Tesco Underwriting.
Dr Toyin Okitikpi worked for many years as a social worker before becoming a social work
academic. He is currently a panel member on the Mental Health Review Tribunal, Ministry of
Defence Service Complaint, and a Chair for the Chartered Institute for Legal Executives.
Cheryl Stokes is the Chief Executive of CNEXT in 2022. Her previous roles include helping
launch Duke Corporate Education, where she worked for 18 years, and as a partner at
Heidrick & Struggles, where she focused on leadershipfr culture, and inclusion. Cheryl stood
down as trustee in December 2022, but continues to support LTSB as a Patron.
Julie Anne Carruthers resigned. Everyone at LTSB is grateful for her service.
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All new Trustees have an induction to ensure their understanding of the role of Trustees under
charity law and being a Director under company law. Induction also provides an overview of
LTSB, its mandate, policies, procedures, structure, governance, mission and strategic direction
with particular reference to the Charity Commission guidance.
Role of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-
opted under the terms of the Trust deed.
The Board of Trustees meet formally four times a year and have ultimate responsibility for
ensuring that..
LTSB complies with statutory and regulatory requirements,
the strateg ic di rection is in line with the LTSB constitutional objects,
operational and financial management is in line with both LTSB'S strategic goals and the
organisation's means,
we are answerable to our beneficiaries and to our supporters, and
there are adequate systems and procedures in place for good risk management.
The Board takes responsibil ity to safeguard funds entrusted to us to positively change the lives
of young people from disadvantaged backgrounds.The Board sub-comrnittee provides oversight
on Finance and reports to the main Board. We have a zero tolerance policy on fraud, bribery and
corruption. Where appropriate, Trustees may take independent professional advice at no
personal expense. LTSB has Trustees, Liability i nsurance in place which is reviewed periodical ly.
The financial statements have been prepared on the 90ing concern basis. This assumes that the
company will continue to operate for the foreseeable future, being a period of at least twelve
months from the date of approval of these financial statements and will be able to meet their
debts as they fall due.
The Trustees have reviewed the financial forecast for the next twelve months and are confident
that with a healthy cash reserve balance, contracts in place, and fundraising successes that
LTSB is on a secure financial footing. We have continued to receive funding in the period since
the year-end, and at the date of signing the financial statements, LTSB had sufficient cash to
cover more than six months of expenditure. Based on these factors, the Trustees consider it
appropriate to prepare the financial statements on a going concern basis.
Remuneration Policy for Key Management Personnel
Remuneration for LTSB'S key management personnel is decided by CEO, in consultation with the
Chair, and submitted to the Board for approval.
Financial Review
Total incoming resources for the year were £1,534,487 (2021: £1,176,821) and total outgoing
resources £1,106,078 (2021: £972,485), producing a surplus of £428,409 (2021: £204,336)-
LTSB is pleased to have grown its income once again, and particularly to have received funds
from a greater number of funders. We have strengthened our relationship with Natwest Group
and, with discussions at an advanced stage, we are confident the contract will be extended. At
the year end, the charity had unrestricted (free) reserves of £612,390 (2021.. £460,232).
Restricted reserves were £580,300 (2021.. £304,049), giving total net reserves of £1,192,690
(2021.. £764,281. No funds were designated. As part of a wider strategic review, the Trustees
will assess designated fund requirements for 2023.
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Reserves
LTSB had 6 months running costs in reserves at the end of June 2022, which the Board and
management team agreed was an appropriate level of reseNes.
Risk Management and Internal Control
In accordance with good governance practices, the Board regularly assesses the major risks to
which the Charity is exposed, in particular those relating to the operations and finances of the
Charity. Each year the Board undertake a comprehensive review of the risks faced by the Charity
and of the steps and procedures needed to avoid and mitigate them, revising its Risk Register as
appropriate, and ensuring it is satisfied that the necessary safeguards and procedures are in
place, and that it can respond promptly to all foreseeable risks that may arise.A scheme of
delegation is in place and the day to day operation of the Charity rests with the CEO. The CEO is
responsible for ensuring that the Charity delivers the services specified and that key
performance indicators are met.
To ensure adherence to the Risk Management policy as stated above, the Charity management..
maintains a Risk Reg ister
continually reviews, monitors, takes action and documents risks facing the Charity
brings any serious potential hig h risk to the attention of the Board as soon as it is known
issues up-to-date Risk Reglster to the board annuallyi as well as any action taken or planned
to be taken.
Principal Risks & Mitigations
We have identified the key risks to LTSB as..
Finance - high proportion of operational income from a single company
Safeguarding
Recruitment
Finance
The principal risk to the charity is the proportion of income from a single corporate. We have a
strong and developing relationshipi and with discussions at an advanced stage we are
confident that the contract will be extended. Nevertheless, loss of this income would
signif icantly reduce our ability to mai ntain current levels of expenditure and impact.
We have a funding diversification strategy that supports us to generate funds from a range of
sources, including institutional and ind ividual donors, events, corporates and commissioned
income from contracts. We are continuously identifying new funding streams and corporate
partners and are confident in our diversification strategy and pleased with progress. We have
good liquidity and strong reserves, including a healthy cash balance. All of this would allow us
suff icient time and resource to address any significant changes to the organisation.
Safeguarding
LTSB'S trustees and senior management team recognise that safeguarding our young people is a
priority. As we g row it is inevitable that we will deal with more actual or potential safeguarding
issues, especially considering the general increase in mental health support required by young
people and the difficulties accessing NHS provision. The delivery team have received training
focussing on trauma-informed practice, safeguarding issues are reported as a standing agenda
item at executive meeti ngs, and we will appoint a full-time safeguarding off icer in early 2023.
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Recruitment
Our programmes need both young people from disadvantaged backgrounds capable of careers
with major companies, and employers committed to social mobility who will provide full-time,
living-wage opportunities. Both types of recruitment pose challenges, and some
like wider
labour market cond itions, especially duri ng the pandemic - are outside our ability to control. I n
mitigation, we have a dedicated Employment team to develop relationships with companies, a
Communications team to make the case publicly for social mobilityi and a focused recruitment
strategy that reviews previous campaigns to refine advertising reach and effectiveness.
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Statement of Trustees, Responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are
responsible for preparing the Trustees, Report and the f inancial statements i n 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 period.
Under company law the Trustees must not approve the financial statements unless they are
satisfied that they give a true and fair view of the state of affairs of the Charity and of its
incoming resources and application of resources, includi ng its i ncome and expenditure, for that
period. In preparing these f i nancial statements, the Trustees are requi red to..
select suitable accou nti ng policies and then apply them consistentlyi
observe the methods and principles of the Charities SORP (FRS 102);
make judgements and accounting estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject
to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to
presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to
show and explain the Charity's transactions and disclose with reasonable accuracy at any time
the financial position of the Charity and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the Charity and hence for taking reasonable steps for the prevention and detection of fraud and
other i rregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees, Report is approved has
confirmed that:
so far as that Trustee is aware, there is no relevant audit information of which the charity's
auditors are unaware, and
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be
aware of any relevant audit information and to establish that the charity's auditors are aware
of that i nformation.
Auditors
During the year, Berg Kaprow Lewis LLP acted as auditor to the company until 31 March 2022.
On 31 March 2022, Berg Kaprow Lewis LLP transferred its audit business to a new LLP, BKL
Audit LLP. The Trustees consented to treating the appointment of Berg Kaprow Lewis LLP as
extending to BKL Audit LLP with effect from 1 April 2022. Under section 487 (2) of the
Companies Act 2006, BKL Audit LLP will be deemed to have been reappointed as auditors 28
days after these financial statements were sent to members or 28 days after the latest date
prescribed for f il ing the accounts with the registrar, whichever is earl ier.
Approved by order of the members of the board of Trustees on and signed on their behalf by:
Lorraine Emma Barclay
29th March 2023

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 30 JUNE 2022
Trustees
Julie Ann Carruthers Iresiqned 25 November 20211
Darren Gurner
David Pinchin
Juliet Thompson
Patrick Charles Thornlon-smilh
Wincie Wong
Peter Norman Lodder
Lorraine Bsrclay
Toyin Okilikpi lappointed 10 February 20221
Gary John Duggan (appointed 10 February 20221
Cheryl Diane Stokes lappoinled 10 February 2022, resigned 16 December 20221
Company registered
number
08033634
Charity registered
number
1147616
Registered office
Gmeme Hughes
elo Brabners LLP
Horton House, Exchange Flags
Livetpool
L2 3YL
Company secretary
Br8bners Secretaries Limited
Chief executive officer
David Pinchin
Independent auditors
BKL Audit LLP
Chartered Accountants
Slatulory Auditor
35 B811ards Lane
London
N3 1XW
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LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LEADERSHIP THROUGH SPORT AND
BUSINESS
Opinion
We have audited the financial statements of Leadership Through Sport and Business (the 'charitable company'l
for the year ended 30 June 2022 which comprise the Statement of Financial Aclivilies, the Balance Sheet, the
Statement of Cash Flows and the related notes, including a summary of signifi'cant accounting policies. These
revised financial statements repla￿ the original financial statements approved by the trustees on 30 March
2023. The financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, Iunited Kingdom Generally AC￿pted Accounting Praclicel. The
revised financial statements have been prepared under the Companies (Revision of Defective Accounts and
Reports) Regulations 2008 and accordingly do not take account of events which have tsken place after the dale
the original financial statements were approved.
In our opinion the financial statements..
give a true and fair view, seen as al the date the original financial statements were approved, of the state
of the charitable company's affairs as al 30 June 2022 and of its incoming resources and application of
resources, including its income and expenditure for the year then ended.,
have been propedy prepared in accordance with United Kingdom Generally Accepted Accounting Practice
seen as al the date the original financial slalemenls were approved., and
have been prepared in accordance with the requirements of the Companies Act 2006 and the Charities
Act 2011, as they have effect under the Companies (Revision of Defective Accounts and Reports)
Regulations 2008.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI IISAS IUKII 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 lo our audit of the financial stslements in the United Kingdom,
Including the Financial Reporting Council's Ethical Stsndard, 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 lo provide a basis for our opinion.
Emphasis of matter - revision of the presentation of restricted funds
We draw attention to note 16 to these revised financial statements which describes the need for revision of the
presentation of restricted funds. The original financial stslements were approved on 30 March 2023 and our
previous audit report was signed on that date. We have not performed a subsequent events review for the period
from the date of our previous auditor's report lo the date of this report. Our opinion is not modified in this respect.
Page 13

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LEADERSHIP THROUGH SPORT AND
BUSINESS ICONnNUEDI
Conclusions relating to going concern
In auditing the financial statements, we have conduded that the Trustees. use of the going concern basis of
accounting in the preparation of the original 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 ￿e1ve months from when the original financial ststemenls
were authorised for issue.
Our responsibilities and the responsibilities of the Trustees with respect to going con￿rn are described in the
relevant sections of this report.
Other information
The other information comprises the information induded in the Annual Report other than the financial
statements and our Auditors. Report thereon. The Trustees are responsible for the other information contained
within the Annual Report. Our opinion on the financial statements does not cover the other information and,
except lo the extent othetwise explicitly ststed in our report, we do not express any form of assurance conclusion
Ihereon. Our responsibility is lo read the other information and, in doing so, consider whether the other
information is materially inconsistent with the financial statements or our knowledge obtained in the course of the
audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent
material misstatements, we are required to determine whether this gives rise to a material misstatement in the
financial statements themselves. If, based on the work we have performed, we conclude that there is a material
misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Matters on whlch we are requlred to report by exceptlon
We have nothing lo report in respect of the following matters where the Charities {Accounts and Reports)
Regulations 2008 requires us to report to you if, in our opinion..
the information given in the Trustees, Report is inconsislenl in any material respect with the financial
statements., or
sufficient accounting records have not been kept,. or
the financial slalements are not in agreement with the accounting records and returns., or
we have not received all the information and explanations we require for our audit.
Page 14

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LEADERSHIP THROUGH SPORT AND
BUSINESS ICONnNUEDI
Responsibilities of trustees
As explained more fully in the Trustees, Responsibilities Statement, the Trustees Iwho are also the directors of
the charitable company for the purposes of company lawl 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 ne￿SSary lo enable the preparation of financial statements that are free from material
misstatement, whether due lo fraud or error.
In preparing the financial ststemenls, the Trustees are responsible for assessing the charitable company's ability
lo 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 lo do so.
Auditors. responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charits'es Act 2011 and report in accordance with
the Act and relevant regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial ststemenls as a whole are free
from material misslatemenl, whether due to fraud or error, and lo issue an Auditors, Report that includes our
opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in
accordance with ISAS IUKI will always detect a material misststemenl 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 lo influence the economic decisions of users taken on the basis of these financial ststemenls.
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, oudined above, lo delect material misstalemenls in respect of irregularities,
including fraud. The extent to which our procedures are capable of delecling irregularities, induding fraud is
detailed below..
Enquiring of management around actual and potential litigation and claims.,
Reviewing minutes of meetings of those charged with governance.,
Reviewing financial statement disclosures and testing to supporting documentation lo assess compliance
with applicable laws and regulations.
Performing audit work over the risk of management override of controls, including testing of journal entries
and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside
the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including
those leading to a material misstalemenl in the financial statements or non-compliance with regulation. This risk
increases the more that compliance with a law or regulation is removed from the events and transactions
reflected in the financial statements, as we will be less likely lo become aware of instances of non-compliance.
The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves
intentional concealment, forgery, collusion, omission or misrepresentation.
As part of an audit in accordan￿ with ISAS IUKI, we exercise professional judgement and maintain professional
scepticism throughout the audit. We also..
Identify and assess the risks of material misstatement of the financi81 statements, whether due lo fraud or
error, design and perform audit procedures responsive lo those risks, and obtain audit evidence that is
sufficient and appropriate lo provide a basis for our opinion. The risk of not delecling a material
misslatemenl resulting from fraud is higher than for one resulting from error, as fraud may involve
Page 15

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF LEADERSHIP THROUGH SPORT AND
BUSINESS ICONnNUEDI
collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
Obtain an understanding of internal control relevant lo the audit in order to design audit procedures that
are appropriate in the circumstanTrs, but not for the purpose of expressing an opinion of the effectiveness
of the charitable company's intern81 control.
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the Trustees.
Conclude on the appropriateness of the Trustees. use of the going concern basis of accounting and,
based on the audit evidence obtained, whether a material uncertainty exists related lo events or conditions
that may cast significant doubl on the charitable company's ability lo continue as a going concern. If we
conclude that a material uncertainty exists, we are required lo draw attention In our Auditors. Report to the
related disclosLJres in the financial statements or, if such disclosures are inadequate, lo modify our
opinion. Our conclusions are based on the audit evidence obtained up lo the date of our Auditors, Report.
However, future events or conditions may cause the charitable company to cease to continue as a going
concern.
Evaluate the overall presentation, structure and conlenl of the financial ststemenls, including the
disclosures, and whether the financial statements represent the underlying transactions and events in a
manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and
liming of the audit and significant audit findings, induding any significant deficiencies in internal control that we
identify during our audit.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008 and the Companies (Revision of Defective Accounts and
Reports) Regulations 2008. Our audit work has been undertaken so that we might slate to the charitable
company's Iruslees those matters we are required to stale 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 ils members, as a body, for our audit work, for this report, or for the opinions we
have formed.
BKL Audit LLP
Chartered Accountants
Statutory Auditor
London
Dale.. 0210812023
BKL Audit LLP are eligible lo act as auditors In terms of section 1212 of the Companies Act 2006.
Page 16

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
STATEMENT OF FINANCIAL ACTMTIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT)
FOR THE YEAR ENDED 30 JUNE 2022
Unrestricted
funds
2022
Restricted
funds
2022
Total
funds
2022
Total
funds
2021
Note
Income from:
Donations
Charitsble activities
Investments
157,390
781,766
352
594.979
752,369
781,766
352
745,216
431,561
44
Total income
939,508
594,979
1.534,487
7,176,821
Expenditure on:
Raising funds
Charitable activities
67,550
719,800
67,550
1,038,528
150,935
821,550
318,728
Total expenditure
787,350
318,728
1.106,078
972,485
Net movement in funds
152,158
276,251
428,409
204,336
Reconciliation of funds..
Total funds brought forward
Nel movement in funds
460,232
152,158
304,049
276,251
764,281
428,409
559,945
204,336
Total funds carried forward
612,390
580,300
1,192,690
764,281
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 21 to 40 form part of these financial statements.
Page 17

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
REGISTERED NUMBER: 08033634
BALANCE SHEET
AS AT 30 JUNE 2022
2022
2021
Note
Fixed assets
Tangible assets
13
6.681
70,066
6,681
10,066
Current assets
Debtors
Cash al bank and in hand
14
84.777
1,452,184
163,538
861,971
1,536,961
1,025,509
Creditors.. amounts falling due within one
year
15
1350.952}
f271,294J
Net current assets
1,186,009
754,215
Total assets less current liabilities
1,192,690
764,281
Total net assets
1,192.690
764,281
Charlty funds
Reslricled funds..
Reslricled funds
16
580.300
304,049
Totsl restricted funds
Unrestricted funds
16
16
580,300
612,390
304,049
460,232
Totsl funds
1,192.690
764,281
Page 18

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
REGISTERED NUMBER: 08033634
BALANCE SHEET {CONTINUED)
AS AT 30 JUNE 2022
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity lo obtsin an audit for the year in question in accordance with section
476 of the Companies Act 2006.
However, an audit is required in accordance with section 144 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to
accounting records and preparation of financial statements.
The financial slalemenls have been prepared in accordan￿ with the provisions applicable to enlilies subject to
the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by..
Lorraine Barclay
Trustee
Dale..
0210812023
The notes on pages 21 to 40 form part of these financial statements.
Page 19

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 30 JUNE 2022
2022
2021
Note
Cash flows from operating activities
Nel cash used in operating activities
592.538
372,553
Cash flows from investing activities
Purchase of tangible fixed assets
Interest re￿iVed
12.676}
352
(6,573)
44
Net cash used in investing activities
12,324)
16,5291
Cash flows from financing activities
Net cash provided by financing activities
Change in eash and cash equivalents in the year
Cash and cash equivalents at the beginning of the year
590,214
306,024
861.971
555,94T
Cash and cash equivalents at the end ofthe year
1,452.185
861,971
The notes on pages 21 to 40 form part of these financial statements
Page 20

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
General infomiation
Leadership Through Sport and Business is a charitable company limited by guarantee incorporated in
England and Wales.
The registered office is Brabners LLP, Horton House, Exchange Flags, Liverpool, Merseyside, L2 3YL.
Accounting policies
2.1 Basis of preparation of financial statements
The financial slalements have been prepared in accordan￿ with the Charities SORP IFRS 1021
Accounting and Reporting by Charities.. Slalement of Recommended Practice applicable lo charities
preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 leffeclive 1 January 20191, the Financial Reporting Standard
applicable In the UK and Republic of Ireland IFRS 1021 and the Companies Act 2006.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'lrue
and fair, view. This departure has involved following the Charities SORP IFRS 1021 published in
October 2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended
Practi￿ effective from 1 April 2005 which has Sin￿ been withdrawn.
Leadership Through Sport and Business meets the delinilion of a public benefit entity under FRS
102. Assets and liabilities are initially recognised at historical cost or transaction value unless
otherwise slated in the relevant accounting policy.
2.2 Going concern
The financial statements have been prepared on the going concern basis. This assumes that the firm
will continue to operate for the foreseeable future, being a period of at least ￿e1ve months
from the dale of approval of these financial statements and will be able to meet their debts as they fall
due.
The trustees are very confident that with a healthy cash reserve balan￿, the multi-year contracts in
plaTr and the increase in the number of corporate partnerships, the charity is on a secure footing lo
create increased social impact In a financially robust way. The Iruslees are confident in our ability to
generate funds from a variety of sources and support our funding diversification strategy.
Based on these factors, the trustees consider il appropriate lo prepare the financial statements on a
going con￿r￿ basis.
Page 21

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
2J Income
All income is recognised once the Charity has entillemenl lo the income, il is probable that the
income will be received and the amount of income receivable can be measured reliably.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been
notified of the donation, unless performance conditions require deferral of the amount. Income tax
recoverable in relation to donations received under Gift Aid or deeds of covenant is recgonised at the
time of the donation.
Gifts and seNices received in kind are recognised in the period received to the extent they can be
measured reliably.
Grants are included in the Statement of Financial Activities on a re￿1vable basis. The balan￿ of
income received for specific purposes bul not expended during the period is shown in the relevant
funds on the Balan￿ Sheet. Where income is received in advan￿ of entiilemenl of receipt, ils
recognition is deferred and induded in creditors as deferred income. Where entitlement occurs
before income is received, the income is accrued.
Income lax recoverable in relation to donations re￿iVed under Gift Aid or deeds of covenant is
recognised at the lime of the donation.
2A Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit
to a third paty, 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 classified by aclivily. The costs
of each activity are made up of the total of direct costs and shared costs, including support costs
involved in undertaking each activity. Direct costs attributable lo a single activity are allocated directly
to that aclivily. Shared costs which contribute to more than one activity and support costs which are
not attributable lo a single activity are apportioned between those activities on a basis consistent with
the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation
charges allocated on the portion of the asset's use.
Expenditure on raising funds indudes all expenditure incurred by the Charity to raise funds for ils
charitable purposes and includes costs of all fundraising activities events and non-charitable trading.
Expenditure on charitable activities is incurred on direcdy undertaking the activities which further the
Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
2￿ Government grants
Government grants are credited lo the Statement of Financial Activities as the related expenditure is
incurred.
Page 22

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
2.6 Interest receivable
Interest on funds held on deposit is included when receivable and the amount can be measured
reliably by the Charity., this is normally upon notificab'on of the interest paid or payable by the
institution with whom the funds are deposited.
2.7 Tangible fixed assets and depreciation
Tangible fixed assets are capitslised and recognised when future economic benefits are probable
and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible
fixed assets are measured al cost less accumulated depreciation and any accumulated impairment
losses. All costs incurred lo bring a tsngible fixed asset into its intended working condition should be
included in the measurement of cost.
Al each reporting dale the Charity assesses whether there is any indication of impaimient. If such
indication exists, the recoverable amount of the asset is determined lo be the higher of its fair value
less costs to sell and ils value in use. An impairment loss is recognised where the carrying amount
exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value
over their estimated useful lives,
Depreciation is provided on the following basis..
Fixtures, fittings & equipment
Office equipment
250
330
Gains and losses on disposals are determined by comparing the prO￿edS with the carrying amount
and are recognised in the Statement of Financial Aclivilies.
2￿ Debtors
Trade and other debtors are recognised al the settlement amount after any trade discount offered.
Prepayments are valued al the amount prepaid net of any trade discounts due.
2.9 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity
of three months or less from the dale of acquisition or opening of the deposit or similar account.
Page 23

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Accounting policies Icontinuedl
2.10 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past
event, it is probable that a transfer of economic benefit will be required in selllemenl, and the amount
of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the
amount it has re￿iVed as advanced payments for the goods or setvices it musl provide.
Provisions are measured at the best estimate of the amounts required lo settle the obligation. Where
the effect of the time value of money is material, the provision is based on the present value of those
amounts, discounted at the pr&tax discount rate that reflects the risks specific to the liability. The
unwinding of the discount is recognised in the Statement of Financial Activities as a finance cosL
2.11 Financial instruments
The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and subsequently
measured al their settlement value with the exception of bank loans which are subsequendy
measured at amortised cost using the effective interest method.
2.12 Fund accounting
General funds are unreslricled funds which are available for use at the discretion of the Trustees in
furtherance of the general objectives of the Charity and which have not been designated for other
purposes.
Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular
purposes. The aim and use of each designated fund is set out in the notes lo the financial
ststemenls.
Restricted funds are funds which are to be used in accordance with specific reslriclions imposed by
donors or which have been raised by the Charity for particular purposes. The costs of raising and
administering such funds are charged against the specific fund. The aim and use of each restricted
fund is set out in the notes lo the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Critical accounting estimates and areas of judgement
In the application of the charity's accounting policies, the Trustees are required to make judgements,
estimates and assumptions about the carying amount of assets and liabilities that are not readily
apparent from other sources. Estimates and judgements are continually evaluated and are based on
historical experience and other factors, including expectations of future events that are believed to be
reasonable under the circumstances.
Page 24

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from donations
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Grants and corporate
Individuals
Fundraising events
Donated goods and services
Gift Aid
138,099
6,901
2,183
7,075
3,132
594,979
733,078
6,901
2,183
7,075
3.132
Total 2022
157,390
594,979
752,369
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Grants and corporate
Individuals
183,683
47,188
90,678
580
382,460
26,789
566, 143
73,977
90,678
580
Fundraising events
Gift Aid
Government grants
13,838
13,838
To1812021
322, 729
423.087
745,216
As outlined by SORP FRS 102, donated goods and serVI￿S are lo be included in the accounts valued at
the amount the charity would have spent on similar goods or Servi￿$, should they have not been re￿iVed
as donations.
There were no donated goods and services in 2021. Included in the above figures for 2022 are £7,075 of
donated goods and services which relates lo events and gym memberships. Volunteer lime is not included
in this figure.
Income from government grants all relates lo the Coronavirus Job Retention Scheme.
Page 25

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Income from charitable activities
Unrestricted
funds
2022
Total
funds
2022
College revenue
Employers, contribution
Alumni placement
26,730
746,236
8,800
26,730
746.236
8,800
Total 2022
781,786
781,766
un￿stricted
funds
2021
Total
funds
2021
College revenue
Employers, contribution
Alumni placement
30,443
392,468
8,650
30,443
392,468
8,650
Total 2021
431,561
431,561
Page 26

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Investment income
Unrestricted
funds
2022
Total
funds
2022
Investment income
352
352
Unrestricted
funds
2021
Total
funds
2021
Investment income
44
44
Page 27

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Expenditure on raising funds
Fundraising and publicity
Unrestricted
funds
2022
Total
funds
2022
Stsging fundraising events
other fundraising costs
Staff costs
Depreciation
512
2,756
63,874
408
512
2,756
63,874
408
67,550
67,550
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Recruitment
287
287
Other fundraising costs
staff costs
Depreciation
18,248
117,925
637
18,248
131, 763
637
13,838
137,09T
13,838
150,935
Page 28

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure on charitable activities
Summary by fund type
Unrestricted Restricted
funds
funds
2022
2022
Total
2022
Activities undertaken directly
Gifts in kind
staff costs
Depreciation
Support costs
Governance costs
144,378
7,075
424,748
4,387
122,417
16,795
SO,833
195,211
7,075
690,079
4,387
124,981
16.795
265,331
2,584
719,800
318,728
1,038,528
Unrestricted
funds
2021
Restricted
funds
2021
Total
2021
Activities undertaken direcdy
Staff costs
128, 160
313,672
2,259
146,730
47,94T
28,976
152,850
157,076
466,522
2,259
147, 746
47,94T
Depreciation
Support costs
Governance costs
1,076
638, 768
182, 782
821,550
Page 29

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure by activities
Support and
Charitable governance
Activities
costs
2022
2022
Total
funds
2022
Activities undertaken directly
Gifts in kind
staff costs
Depreciation
Support costs
Governance costs
195,211
7,075
690,079
4,387
195,211
7,075
690,079
4,387
124,981
16.795
124,981
16,795
896,752
141,776
1,038,528
Activities Support 2nd
undertaken
governance
directly
osts
2021
2021
Total
funds
2021
Activities undertaken directly
Staff costs
157,075
466,522
2,259
157,075
466,522
2,259
147,747
47,94T
Depreciation
Support costs
Governance costs
147,747
47,947
625,856
195,694
821,550
Page 30

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
Analysis of expenditure by activities Icontinuedl
Analysis of support costs
Support Governance
costs
costs
2022
2022
Total
funds
2022
Staff costs
101,660
650
8,389
1,114
2,564
630
101,660
650
8,389
Depreciation
Accommodation, sustenance and travel
Adminslralion
Communications and IT
Sundry expenses
Loss on disposal of asset
Audit & professional fees
Governance
2,564
630
74
9,900
74
9,900
16,795
1 6,795
124,981
16,795
141,776
Support Govemance
costs
costs
2021
2021
Tot81
funds
2021
Staff costs
Depreciation
Accommodation, sustenance and travel
Adminslrab'on
107, 724
518
35,813
173
142,937
691
743
743
1,635
5.336
24,605
3,266
2,160
2,360
1,635
5.336
24,605
3,266
2,160
2,360
71,961
Communications and IT
Printing, photography, PR and design
Staff recruitment and development
Sundry expenses
Irrecoverable VAT
Audit & professional fees
11,961
147,747
47,947
195,694
Page 31

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
10.
Auditors. remuneration
2022
2021
Fees payable to the Charitys auditor for the audit of the Charity's annual
accounts
9.900
5,250
11. Stsff costs
2022
2021
Wages and salaries
Social security costs
781,348
74.265
672,507
68,715
855.613
741,222
The average number of persons employed by the Charity during the year was as follows..
2022
2021
Operations
Chief Executs've
16
13
Fundraising I partnership management
20
18
The number of employees whose employee benefits (excluding employer pension costs) exceeded
£60,000 was..
2022
No.
2021
No.
In the band £60,001- £70,000
In the band £70,001- £80,000
In the band £80,001- £90,000
Page 32

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
12.
Trustees. remuneration and expenses
During the year, no Trustees re￿iVed any remuneration or other benefits {2021- £NIL).
During the year, no Trustee expenses have been incurred (2021- £NIL).
13. Tangible fixed assets
Fixtures and
rittings
Office
equipment
Total
Cost or valuation
At 1 July 2021
Additions
Disposals
4.834
15.079
2.676
{4,1081
19,913
2,676
18,9421
4,834}
At 30 June 2022
13,647
13,647
Depreciation
At 1 July 2021
Charge for the year
On disposals
4.834
5.013
5.445
{3,4921
9.847
5,445
18,3261
4,834}
At 30 June 2022
6,966
6,966
Net book value
At 30 June 2022
6.681
6,681
At30 June 2021
10,068
10,066
Page 33

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
14. Debtors
2022
2021
Due within one year
Trade debtors
Other debtors
41,096
412
5,400
57
Prepayments and accrued income
43.269
158.081
84.777
163,538
15. Credltors: Amounts falllng due wlthln one year
2022
2021
Trade creditors
25.272
4,140
11,729
309.811
13,959
Other taxation and social security
Other creditors
Accruals and deferred income
7,423
249,912
350.952
271,294
Page 34

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16. Statement of funds
Statement of funds - current year
Balance at
30 June
2022
Balance at 1
July 2021
Transfers
inlout
Income Expenditure
Unrestricted funds
Designated funds
2021 Contact Centre contract
195.190
1195,190)
General funds
General Funds - 811 funds
265,042
939,508
{787,3501
195,190
612,390
Total Unrestrlcted funds
460,232
939.508
{787.3501
612,390
Restrlcted funds
salesforce.com Foundation
Fund lo support young people
onto our bootcamps
Santander UK Foundation
Limited
290.948
146.4821
244.466
20.000
120.0001
100,000
123,5721
76,428
2,457
Fund for ment81 health support
Macquarie Group Foundation-
funding to support young
people into apprenticeships
The Eveson Trust- funding to
support young people in
Birmingham
Chartered Accountsnts, Livery
Charity- funding for young
people on our Business and
Finance programme
Fund for work in Southend
2,457
51.447
60.000
171.4471
40.000
8.000
8,000
10,000
110,0001
13,1591
3,159
GJW Turner Trust- IT for
young people in Bimiingham
The Walcol Foundation
European Social Fund and
Education and Skills Funding
Agency
Fund for training and
development of young people
2.000
14581
16.6591
1,542
17,058
23.717
15821
11,176
110,5941
231,144
53,3611
177,783
Page 35

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16. Statement of funds (continued)
Statement of funds - current year {continuedl
Balance at
30 June
2022
Balance at 1
July 2021
Transfers
inlout
Income Expenditure
Fund for placing 62 young
people into employment
The Pilkington Charities Fund-
funding to support young
people in Livetpool
Other
Peter Cruddas Foundation-
fvnding for young people on our
Law programme
20 Fenchurch Street Legacy
Fund- funding lo support
young people in East London
Wellington Management UK
Foundation - funding for young
people on our Business and
Finanee programme
9,772
19,7721
6,000
6.250
16,0001
16.4301
841
661
10.000
110.0001
13,888
11,9831
11,905
3,811
35,000
38,8111
304,049
594.979
{318.7281
580,300
Totsl offunds
764,281
1,534.487 11,106,078)
1,192,690
Page 36

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16. Statement of funds (continued)
The original annual accounts did not comply with the Companies Act 2006 and the relevant accounting
standards, including the Charity SORP, in relation to the presentstion of restricted funds.
salesforce.com Foundation- piloting our legal and marketing boolcamps.
Fund lo support young people onto our boolcamps
towards employment.
supporting young people lo lake their fi'rst step
Sanlander UK Foundation Limited - supporting young people on our digital boolcamps.
Fund for mental health support- mental health training for staff.
Macquarie Group Foundation- supporting young people into apprenticeships.
The Eveson Trust- supporting young people in Birmingham.
Chartered Accountsnts, Livery Charity
programme.
supporting young people on our Business and Finance
Fund for work in Southend - supporting young people in Soulhend.
GJW Turner Trust- IT for young people in Bimiingham.
The Walcot Foundation- supporting young people in Lambelh.
European Social Fund and Education and Skills Funding Agency - supporting young people in Greater
Manchester.
Fund for training and development of young people- supporting young people to gain
apprenticeships.
Fund for placing 62 young people into employment- supporting young people affected by COVID-19.
The Pilkington Charities Fund- supporting young people in Liverpool.
Other- supporting young people lo gain apprenti￿ship5.
Peter Cruddas Foundation- supporting young people lo gain a legal career.
20 Fenchurch Street Legacy Fund - supporting young people in East London
Wellington Management UK Foundation
programme.
supporting young people on our Business and Finance
Page 37

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
16. Statement of funds (continued)
Balan￿ at
30 June
2021
Balan￿ at
l July 2020
Transfers
in/oul
Incom8 Expenditure
Unrestricted funds
Designated funds
2021 Contact Centre contract
195, 190
195, 190
General funds
General Funds - 811 funds
482,367
753, T36
{175,865) (195, 190)
265,042
Total Unrestrlcted funds
482,361
753, 736
(775,865)
460,232
Restrlcted funds
Recruitment fund
Training & development Fund
Women's economic
empowerment and leadership
project
Other restricted funds
Coronavirus job retention
scheme
26,589
25,540
f26,589)
(133, 795)
409,249
301,594
22,305
3,150
(22,305)
(695)
2,455
13,838
(13,838)
77,584
423,087
(196,622)
304,049
Total of funds
559,945
1, 176,823
{972,487)
764,281
Page 38

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
17. Summary offunds
Summary offunds- current year
Balance at
30 June
2022
Balance at 1
July 2021
Transfers
inlout
Income Expenditure
Designated funds
General funds
Reslricled funds
195,190
265,042
304,049
1195,190}
195.190
939.508
594,979
{787.3501
{318,7281
612,390
580,300
764,281
1.534,487
11,106.0781
1,192,690
£195,190 of unreslricled reserves was designated to run the 2021 Contact Centre contracL These have
been incurred in this financial year.
Summary of funds - prior year
Balance at
30 June
2019
Balance at
l July 2020
Transfers
in/oul
Incomg Expenditure
Designated funds
General funds
Reslricled funds
195, 190
(195, 190)
195, 790
265,042
304,049
482,361
77,584
753, 736
423,087
(775,865)
(196,622)
559,945
1, 7 76,823
{972,48T)
764,281
18. Analysis of net assets between funds
Analysis of net assets between funds- current year
Unrestricted Restricted
funds
funds
2022
2022
Total
funds
2022
Tangible fixed assets
Current assets
Creditors due within one year
125,8891
989,231
1350,9521
32,570
547,730
6,681
1,536,961
{350,9521
Total
612,390
580,300
1.192,690
Page 39

LEADERSHIP THROUGH SPORT AND BUSINESS
IA Company Limited by Guarantee)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2022
18. Analysis of net assets between funds {continuedl
Analysis of net assets between funds- prior year
Unrestricted
funds
2021
Restricted
funds
2021
Total
funds
2021
Tangible fixed assets
Current assets
Creditors due within one year
10,066
721,459
(271,294)
10,066
1,025,508
(271,294)
304,049
Total
460,231
304,049
764,280
19.
Related party transactions
During the period, D & G Pinchin donated £Nil12021.. £54,696) to the charity. Other donations from
trustees totalled £Nil12021.. £8251-
During the year, the charity incurred costs of £Nil12021.. £32,233) for consultancy services provided by
Madin Wood Limited, a company of which Darren Gurner, a trustee, is a director and shareholder. The
services were provided at a market rate, and at the year end the full balance had been paid.
During the period, the charity incurred costs of £4,80012021.. £Nill for consultancy services provided by
Caroline Adair Isheridanl, previoLJS CEO and partner of David Pinchin Ichairl after leaving LTSB
{be￿een July and October 20211.
The aggregate renumeration of key management personnel was £359,69712021.. £240,5911-
Page 40