**REGISTERED COMPANY NUMBER: 09106604 (England and Wales) REGISTERED CHARITY NUMBER: 1161638**
**Report of the Trustees and**
**Unaudited Financial Statements for the Year Ended 31 May 2020**
**for**
**Leicester Riders Foundation and its subsidiary**
**Leicester Riders Foundation and its subsidiary**
**Contents of the Financial Statements for the Year Ended 31 May 2020**
||**Page**|
|---|---|
|**Report of the Trustees**|1 to 2|
|**Independent Examiner's Report**|3|
|**Consolidated Statement of Financial Activities**|4|
|**Consolidated Balance Sheet**|5|
|**Balance Sheet**|6|
|**Notes to the Financial Statements**|7 to 15|
**Leicester Riders Foundation and its subsidiary**
## **Report of the Trustees for the Year Ended 31 May 2020**
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 May 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES Objectives and aims**
The Foundation has the following objectives:
1. To promote community participation in sport and recreation by provision of services and facilities to improve people's health.
2. To further or benefit people without distinction of sex, sexual orientation, race or of political, religious or other opinions by associating together the people and organisations in a common effort to advance education and to provide facilities, in the interests of social welfare, for recreation and leisure time occupation with the objective of improving the conditions of life of those people.
3. For the public benefit to promote education (including social and physical training) of people in such ways as the charity sees fit.
4. To promote social inclusion for the public benefit by preventing people from becoming socially excluded, relieving the needs of those people who are socially excluded and assisting them to integrate into society. For clarity, 'socially excluded' means being excluded from society, or part of society, as a result of being a member of a socially and economically deprived community.
5. To promote equality and diversity for the public benefit by promoting activities to foster understanding between peoples of diverse backgrounds.
The aims of the Foundation are entirely consistent with the objectives described above.
## **Significant activities**
The Foundation has established and is assisting in running an education and training support facility in Loughborough. It has also secured grants to deliver community basketball coaching as part of its educational and social inclusion programs.
The Foundation is required to produce consolidated financial statements for its Group, which includes the Foundation, together with its wholly owned subsidiary, Leicester Community Sports Arena Limited ( LCSAL) (Company Number 09153152) which itself built, owns and operates a multi-sports community arena in Leicester. LCSAL trades and operates separately to the Foundation, with differing governance and directors, and is establishing itself, partly as a commercial business, with a mixture of community, charitable, educational and commercial activities. The activities of the Foundation are independent of LCSAL, and it does not face any commercial risk from its trading, albeit the arena does provide support to the activities of the Foundation. The future trading position of LCSAL is anticipated to make a positive contribution to the Foundation in the longer term.
## **Public benefit**
The activities undertaken during the year, as described above, demonstrate how the charity has met the public benefit requirements.
The trustees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission.
## **FINANCIAL REVIEW Financial review**
The trustees are satisfied with the financial position of the charity as shown in the attached financial statements.
## **Reserves policy**
The Foundation's policy on reserves is that sufficient reserves should be maintained to cover at least three months fixed operating costs.
Page 1
**Leicester Riders Foundation and its subsidiary**
## **Report of the Trustees for the Year Ended 31 May 2020**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document**
The charity is governed by its governing document, the Memorandum and Articles of Association, and constitutes a limited company, limited by guarantee.
The charity was incorporated on 27 June 2014 and adopted its current Memorandum and Articles of Association on 8 April 2015; it became a registered charity on 7 May 2015.
## **Recruitment and appointment of new trustees**
The Foundation has been established with trustees representing those involved with the running of the Leicester Riders Basketball Club, local businesses, local authority councillors and local education institutions.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Company number**
09106604 (England and Wales)
## **Registered Charity number**
1161638
## **Registered office**
31 Charter Street Leicester Leicestershire LE1 3UD
## **Trustees**
K T Routledge S R Mugglestone R G Levenston M T Ellis A M D Clarke S Ismail S W Winfield D Glover
## **Independent Examiner**
torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
This report has been prepared in accordance with the special provisions of Part 15 of Companies Act 2006 relating to small companies.
Approved by order of the board of trustees on 16 February 2021 and signed on its behalf by:
K T Routledge - Trustee
Page 2
## **Independent Examiner's Report to the Trustees of Leicester Riders Foundation and its subsidiary**
I report to the charity trustees on my examination of the accounts of Leicester Riders Foundation ("the Company") for the year ended 31 May 2020.
## **Responsibilities and basis of report**
As the charity's trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ("the 2006 Act").
Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
The company's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:
- accounting records were not kept in accordance with section 386 of the 2006 Act; or
- the accounts do not accord with such records; or
- the accounts do not comply with relevant accounting requirements under section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or
- the accounts have not been prepared in accordance with the Charities SORP (FRS102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mark Andrew Torr FCCA torr waterfield Park House 37 Clarence Street Leicester Leicestershire LE1 3RW
16 February 2021
Page 3
## **Leicester Riders Foundation**
## **and its subsidiary**
## **Consolidated Statement of Financial Activities (Incorporating an Income and Expenditure Account) for the Year Ended 31 May 2020**
|Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**Charitable activities**
Residential training schemes
Community projects
Other trading activities
3
Investment income
4
**Total**
**EXPENDITURE ON**
Raising funds
5
**Charitable activities**
6
Residential training schemes
Community projects
**Total**
**NET EXPENDITURE**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
fund
£
102,313
128,205
48,328
874,987
18,058
1,171,891
1,105,477
262,602
63,102
1,431,181
(259,290)
3,658,830
3,399,540|Restricted
funds
£
111,754
-
-
-
-
111,754
-
-
111,754
111,754
-
-
-|31.5.20
Total
funds
£
214,067
128,205
48,328
874,987
18,058
1,283,645
1,105,477
262,602
174,856
1,542,935
(259,290)
3,658,830
3,399,540|31.5.19
Total
funds
£
127,784
163,892
73,717
838,979
19,177
1,223,549
952,616
252,979
115,440
1,321,035
(97,486)
3,756,316
3,658,830|
|---|---|---|---|---|
The notes form part of these financial statements
Page 4
## **Leicester Riders Foundation and its subsidiary**
## **Consolidated Balance Sheet**
## **31 May 2020**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
5,160,986
**CURRENT ASSETS**
Stocks
-
Debtors
13
226,933
Cash at bank and in hand
122,490
349,423
**CREDITORS**
Amounts falling due within one year
14
(846,194)
**NET CURRENT ASSETS**
(496,771)
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
4,664,215
**CREDITORS**
Amounts falling due after more than one year
15
(1,264,675)
**NET ASSETS**
3,399,540
**FUNDS**
18
Unrestricted funds
**TOTAL FUNDS**|
Restricted
funds
£
-
-
-
-
-
-
-
-
-
-|31.5.20
Total
funds
£
5,160,986
-
226,933
122,490
329,423
(846,194)
(496,771)
4,664,215
(1,264,675)
3,399,540
3,399,540
3,399,540|31.5.19
Total
funds
£
5,251,792
8,907
315,088
38,603
362,598
(753,118)
(390,520)
4,861,272
(1,202,442)
3,658,830
3,658,830
3,658,830|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 16 February 2021 and were signed on its behalf by:
K T Routledge - Trustee
The notes form part of these financial statements
Page 5
**Leicester Riders Foundation**
## **Balance Sheet 31 May 2020**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Tangible assets
11
-
Investments
12
1
1
**CURRENT ASSETS**
Debtors
13
199,137
Cash at bank and in hand
14,892
214,029
**CREDITORS**
Amounts falling due within one year
14
(136,970)
**NET CURRENT ASSETS**
77,059
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
77,060
**CREDITORS**
Amounts falling due after more than one year
15
(50,000)
**NET ASSETS**
27,060
**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|Restricted
funds
£
-
-
-
-
-
-
-
-
-
-
-|31.5.20
Total
funds
£
-
1
1
199,137
14,892
214,029
(136,970)
77,059
77,060
(50,000)
27,060
27,060
27,060|31.5.19
Total
funds
£
286
1
287
88,473
14,594
103,067
(46,544)
56,523
56,810
-
56,810
56,810
56,810|
|---|---|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
- (a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 16 February 2021 and were signed on its behalf by:
K T Routledge - Trustee
The notes form part of these financial statements
Page 6
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements for the Year Ended 31 May 2020**
## **1. STATUTORY INFORMATION**
Leicester Riders Foundation is a private company, limited by guarantee, registered in England and Wales. The registered number and registered office address can be found in the Report of the Trustees.
The members, currently only the trustees, are liable to contribute an amount not exceeding £10 each towards the liabilities of the charity in the event of insolvency.
## **2. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
The consolidated financial statements consist of the charity and its subsidiary, Leicester Community Sports Arena Limited. Advantage has been taken of the exemption available not to present a Statement of Financial Activities for the charity.
## **Income**
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
## **Expenditure**
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on cost Computer equipment - 33% on cost
## **Stocks**
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
## **Taxation**
The charity is exempt from corporation tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **2. ACCOUNTING POLICIES - continued**
## **Pension costs and other post-retirement benefits**
The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **Government grants**
Government Grants receivable in relation to expenditure are recognised when the expenditure is charged in the Statement of Financial Activities.
## **3. OTHER TRADING ACTIVITIES**
|Fundraising events
Trading income
**4.**
**INVESTMENT INCOME**
Rents received
**5.**
**RAISING FUNDS**
Fundraising events
Trading expenses
**6.**
**CHARITABLE ACTIVITIES COSTS**
Residential training schemes
Community projects|31.5.20
£
3,430
871,557
874,987
31.5.20
£
18,058
31.5.20
£
4,380
1,101,097
1,105,477
Support
Direct
costs (see
Costs
note 7)
£
£
195,216
67,386
80,940
93,916
276,156
161,302|31.5.19
£
11,431
827,548
838,979
31.5.19
£
19,177
31.5.19
£
8,679
943,937
952,616
Totals
£
262,602
174,856
437,458|
|---|---|---|
continued...
Page 8
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **7. SUPPORT COSTS**
|Residential training
schemes
Community projects
Activity
Support team
Finance costs
Overheads
Governance costs|Support
Finance
Governance
team
costs
Overheads
costs
£
£
£
£
54,594
1,276
2,950
8,566
78,562
1,275
5,513
8,566
133,156
2,551
8,463
17,132
Basis of allocation
According to relevant proportion of time spent
Equally across all charitable activities
Equally across all charitable activities
Equally across all charitable activities|Totals
£
67,386
93,916
161,302|
|---|---|---|
## **8. NET EXPENDITURE**
Net expenditure is stated after charging:
|Independent Examiner's Fees - Examination and report
Independent Examiner's Fees - Other services
Depreciation
|31.5.20
£
-
12,035
125,792|31.5.19
£
-
7,425
131,971|
|---|---|---|
## **9. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 May 2020 nor for the year ended 31 May 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 May 2020 nor for the year ended 31 May 2019.
## **10. STAFF COSTS**
|Wages and salaries
Social security costs
Other pension costs
Average monthly number of employees during the year|31.5.20
£
562,890
27,013
6,361
596,264
59|31.5.19
£
480,336
27,364
4,249
511,949
67|
|---|---|---|
No employees received emoluments in excess of £60,000.
continued...
Page 9
**Leicester Riders Foundation**
## **and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **11. TANGIBLE FIXED ASSETS - Group**
|Freehold
property
£
**COST**
At 1 June 2019
5,016,505
Additions
-
At 31 May 2020
5,016,505
**DEPRECIATION**
At 1 June 2019
174,620
Charge for year
51,908
At 31 May 2020
226,528
**NET BOOK VALUE**
At 31 May 2020
4,789,977
At 31 May 2019
4,841,885
**TANGIBLE FIXED ASSETS - Charity**
**COST**
At 1 June 2019 and 31 May 2020
**DEPRECIATION**
At 1 June 2019
Charge for year
At 31 May 2020
**NET BOOK VALUE**
At 31 May 2020
At 31 May 2019|Fixtures
and
fittings
£
660,642
34,986
695,628
267,441
61,283
328,724
366,904
393,201|Motor
vehicles
£
49,261
-
49,261
32,841
12,315
45,156
4,105
16,420|Computer
equipment
£
859
-
859
573
286
859
-
286|Totals
£
5,727,267
34,986
5,762,253
475,475
125,792
601,267
5,160,986
5,251,792
Computer
equipment
£
859
573
286
859
-
286|
|---|---|---|---|---|
continued...
Page 10
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **12. FIXED ASSET INVESTMENTS - Charity**
|**MARKET VALUE**
At 1 June 2019 and 31 May 2020
**NET BOOK VALUE**
At 31 May 2020
At 31 May 2019
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the
**Leicester Community Sports Arena Limited**
Registered office: 31 Charter Street, Leicester LE1 3UD
Nature of business: Operation of a sports arena
%
Class of share:
holding
Ordinary
100
31.5.20
£
Aggregate capital and reserves
3,372,481
Loss for the year
(229,540)
**13.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - Group**
31.5.20
£
Trade debtors
196,434
Other debtors
-
Prepayments and accrued income
30,499
226,933
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - Charity**
31.5.20
£
Trade debtors
199,137
Amounts owed by group undertakings
-
Other debtors
-
Prepayments and accrued income
-
199,137|Shares in
group
undertakings
£
1
1
1
following:
31.5.19
£
3,602,021
(105,490)
31.5.19
£
242,541
32,775
39,772
315,088
31.5.19
£
28,286
19,964
32,775
7,448
88,473|
|---|---|
|||
continued...
Page 11
## **Leicester Riders Foundation**
## **and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **14. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - Group**
|31.5.20
£
Hire purchase and finance leases (see note 16)
131,545
Trade creditors
176,617
Social security and other taxes
61,239
Other creditors
222,717
Rent deposits
5,700
Accruals and deferred income
248,376
846,194
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR - Charity**
31.5.20
£
Trade creditors
10,357
Social security and other taxes
13,863
Other creditors
1,769
Rent deposits
5,700
Accruals and deferred income
105,281
136,970
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - Group**
31.5.20
£
Other loans – Repayable in 1-2 years
30,000
Other loans – Repayable in 2-5 years
90,000
Other loans – Repayable in more than 5 years (by instalments)
30,000
Hire purchase contracts and finance leases (see note 16)
-
Other creditors
1,114,675
1,264,675|31.5.19
£
144,878
134,929
60,377
304,375
6,400
102,159
753,118
31.5.19
£
15,935
6,600
1,052
6,400
16,557
46,544
31.5.19
£
-
-
-
113,775
1,088,667
1,202,442|
|---|---|
## **15. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - Group**
Included in other creditors are loans totalling £991,481 (2019: £953,138) which are interest free and repayable with a minimum of 53 weeks notice.
## **CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - Charity**
|Other loans – Repayable in 1-2 years
Other loans – Repayable in 2-5 years
Other loans – Repayable in more than 5 years (by instalments)|31.5.20
£
10,000
30,000
10,000
50,000|31.5.19
£
-
-
-
-|
|---|---|---|
continued...
Page 12
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **16. LEASING AGREEMENTS - Group**
Minimum lease payments fall due as follows:
|Hire purchase contracts
31.5.20
31.5.19
£
£
Net obligations repayable:
Within one year
109,611
120,012
Between one and five years
-
93,096
109,611
213,108
**17.**
**SECURED DEBTS - Group**
The following secured debts are included within creditors:
Hire purchase contracts and finance leases
Brewery loan
**18.**
**MOVEMENT IN FUNDS**
At 1.6.19
£
**Unrestricted funds**
General fund
3,658,830
**TOTAL FUNDS**
3,658,830
Net movement in funds, included in the above are as follows:
Incoming
resources
£
**Unrestricted funds**
General fund
1,171,891
**Restricted funds**
Satellite clubs
2,484
Building a Stronger Britain Together
28,400
Erasmus
41,825
BBC Children in Need
2,500
National Citizen Service
26,000
Coach Core
2,475
European Social Fund
3,070
Hoops 4 Health
5,000
111,754
**TOTAL FUNDS**
1,283,645||
|---|---|
|||
continued...
Page 13
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued for the Year Ended 31 May 2020**
## **18. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are a
**Unrestricted funds**
General fund
**Restricted funds**
Leicester Youth Offending Service
Satellite clubs
Building a Stronger Britain Together
**TOTAL FUNDS**|At 1.6.18
£
3,756,316
3,756,316
s follows:
Incoming
resources
£
1,207,320
999
3,630
11,600
16,229
1,223,549|Net
movement
in funds
£
(97,486)
(97,486)
Resources
expended
£
(1,304,806)
(999)
(3,630)
(11,600)
(16,229)
(1,321,035)|At
31.5.19
£
3,658,830
3,658,830
Movement
in funds
£
(97,486)
-
-
-
-
(97,486)|
|---|---|---|---|
continued...
Page 14
**Leicester Riders Foundation and its subsidiary**
## **Notes to the Financial Statements - continued**
## **for the Year Ended 31 May 2020**
## **18. MOVEMENT IN FUNDS - continued**
## **Details of Restricted Funds**
## **Leicester Youth Offending Service (LYOS)**
Targeted intervention with identified young people in contact with LYOS to give them experience of interacting with staff and leaders in the Leicester Riders Foundation team including involvement in specialist sport activities.
## **Satellite clubs**
Community basketball project funded by Basketball England aimed at increasing regular sport participation by young people over 14 years of age in a fun environment. The initial funding has been supplemented by numerous subsequent grants and donations.
## **Project Hub**
Community basketball project funded by the Basketball Foundation to increase sports participation amongst 14 to 18 year olds of all ethnicities and gender and to build sustainable new local clubs. The initial funding was supplemented by other grants and donations.
## **Building a Stronger Britain Together (BSBT)**
The Home Office's BSBT programme supports civil society and community organisations who work to create more resilient communities, stand up to extremism in all its forms and offer vulnerable individuals a positive alternative, regardless of race, faith, sexuality, age or gender.
## **Erasmus**
European Union funded programme to allow young athletes to experience other cultures.
## **BBC Children in Need**
A project to help disabled children and young people in Leicester to have improved health and well-being.
## **National Citizen Service**
A Government scheme targeted at students to undertake community engagement activities to build understanding of their responsibilities as citizens.
## **Coach Core**
Apprenticeship scheme with councils and Leicestershire & Rutland Sport.
## **European Social Fund**
A project to facilitate upward social mobility for disadvantaged young people from deprived areas of Leicester through supporting them to get and retain meaningful employment.
## **Hoops 4 Health**
Supported by Loughborough University School of Business, a project for pupils in school years 5 and 6 covering, alongside basketball, fitness, healthy eating and non-smoking.
## **19. OTHER FINANCIAL COMMITMENTS**
The group has a financial commitment, not included in the balance sheet, of £4,820,000 (2019: £4,860,000). This represents the ground rent payable, at £40,000 per year, under a lease which expires on 3 December 2140.
## **20. RELATED PARTY DISCLOSURES**
There were no disclosable related party transactions for the year ended 31 May 2020.
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