REGISTERED COMPANY NUMBER.. 09106604 (England and Wales}
REGISTEREO CHARITY NUMBER.. 1161638
ort of the Trustees and
Audited Consolidated Financial Statements
forthe Year Ended 30 November 2023
for
Leicester Riders Foundation

Leicestor Ridèrs Foundation
ontents of the Financial Stat8ment5
for the Year Ended 30 November 2023
Page
Report ofthe Trustaes
Report of the Indepandent Audilors
8 10 11
Consolidated Statement of Financial Actlvities
12
Consolidated Balance Shgel
13
Company Balance Sheet
14
Consolidated Cash Flow Slatoment
Notes to the Consolidated Cash Flow Statement
Notes to the Financial Statements
17 10 40

Lelcester Riders Foundation
Re ort of the Trustees
for the Year Ended 30 Novgmber 2023
The Iruslees who are also directors of the charity for the purposes of the Companies Act 2006, present their
report with the financial slalemenls of the charity for the year ended 30 November 2023. The Iruslees have
adopted the provisions of Accounting and Reporting by Charities.. Slalemenl of Recommended Practice
applicable lo charities preparing their account5 in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191.
OBJECTIVES AND ACTIVITIES
Obl￿tIveS and aims
The Foundalioll has the following objectives..
1. To promote community participation in sport 2nd recreation by provision of services and facilities lo
improve people's health.
2. To further or benefit people wilhoul distinction of sex, sexual orientation, race or of political. religious or
other opinions by associating together the people and organisalions in a common effort lo advance
education and to provide facilities, In the interests of social welfare, for recreation and leisure lime
occupation with the objective of improving the conditions of lrfe of those people.
3. For the public beD.efil lo promote education {including social and physical training) of people in such ways
as the charity sees fil.
4. To promote social inclusion for the public benefit by preventing peoFAe from becoming socially excluded,
relieving the neeijs of those people who are socially excluded and assisting them lo integrate into society.
For clarity, 'socially excluded, means being excluded from society, or part of society, as a result of being 8
member of a socially and economically deprived community
5. To promote equality and diversity for the public benefit by promoting ackn'vilies lo foster understanding
between peoples of diverse backgrounds.
The aiffls of the Foundation are entirely consistent with the objectives described above.
Main activities
The charity is involved In a wide range of activities which include providing basketball playing opportunities lo
boys and girls of all 2ges and abilities, providing coaching to schools and universities, and delivering a wide
r8nge of projects, including lo support the most disadvantaged in OLJr community.
W• work in p4rtner5hip with th8 education 9ector, the local authoritie), the Police and the Pollce & Crime
Cornmissioner, the NHS. other sporting charilies of the professional sporting dubs, as well as a range of
public and third sector organisalions.
While using physical activity lo improve people's lives Is 21 the core of mLJch of the Foundation's 8clivilies, we
are also involved in addressing mental health, anti-social behavioLJr, improving lrfe skills, creating
employment opportunities and rLJnning apprenticeship schemes. We work as well with the less able in our
communities, developing bespoke programmes and projects.
We also run a residential facility in Loughborough for young people and provide scholarships and support lo
disadvantaged young people.
Strategies
The charity works in partnership with a wide range of organisalions lo deliver its charitable Objects in the
most effiGienl and most effective ways. This includes local schools, colleges and univers11ies but, also, we
work in partnership under the United Leicester umbrella, involving the charitable arms of LCFC, Leicester
Tigers and Leice51ershire County Cricket Club.
We lake particular adv2nlage of the brand and reach of the Leicester Riders, one of the lop male and female
piofessional basketball clubs in the UK, lo maximise our positive impact in the local communities we serve.
Page 1

Leicestèr Riders Foundation
Re
ort of the Trustees
for the Period Year Ended 30 Novembèr 2023
OBJECTIVES AND ACTIVITIES
Criteria used to Measure Success
The charity focuses on improving physical and mental wellbeing of all the people we serve by largeled and
well researched Inlervenlions, working writh key players in each sector we serve.
The charity also aims lo maximise the potential of all the young people we work with.
Significant actlvltles
The Foundation secures grants and donations lo deliver its community aclivilies.
Other Foundation activities are part funded by the participants andl or the education sector.
The Foundation runs a resldenlial property lo support ils education and training delivery in Loughborough.
The Foundation's subsidiary undertaking. Leicester Community Sports Arena Limited, has conslrLJCted an
manages the operation of a purpose-buill sports arena in LeTCEStEr. In 2022 the Arena built a 1200m2,
£2.5m, 2 ball court extension.
Significancg of volunteers
A number of the young people we engage with, and their parents, provide support and volunteering lo the
Foundation. This includes related lo the organisalion and delivery of our many projects and in general
adminislralion and support,
We have an established pathway for interested young people lo receive training and qualrficalions leading lo
employment opportunities with the Foundation and related companies.
Public benefit
The activities undertaken during the year, as described above, demonslrale how the charily has mel the
public benefit requirernents.
The Iruslees confirm that they have complied with the requirements of section 4 of the Charities Act 2011 10
have due regard lo the public benefit guitjance PLJblished by the Charity Commission.
Page 2

Leicèster Rlders Foundation
ort of the Trustees
for the Year Ended 30 Novembor 2023
ACHIEVEMENT AND PERFORMANCE
Summary of main achiavements
We have worked with a record number of educational eslablishmenls and young people over the period.
The period has also seen important new inclusion partnerships with Menphys and Vista for the less able.
We have signrficanlly increased our engagement with the 3 universities, including expanding the
opportunities for students 10 5UPPOrt the Foundation.
During the period, the Foundation increased ils OLJlreach through the National Citizens Service project but
there were government delays in releasing Ihe funding and in finalising project objectives, reducing the
Foundations funding and the number of young people participating, as well as leading to significant
inefficiencies.
During the period the Foundation completed ils work as one of the lop delivery agents of the national Sport
England funded Ambassadors project by the Basketball FourKialion.
The Ambassadors project led lo a new Momentum project involving one of the Riders lop players, engaging
with young people about the common challenges they will face.
We have also continued our work on anti-knife crime and antisocial behaviour activities.
Progress towards objectives
Particularly with our inclusion work discussed above, our new initiatives wlh holiday food projects, and our
increased engagement with students for training, volunteering and qualrficalions opportunities, we have
materially expanded the footprint of the Foundation in ils communities during the period.
Key performance indicators explaining output achieved by activities
For all our projects we maintain detailed records of the people we work wth, and report the key metrics as
dictated by the funders. Inevitably these vary project lo project, bul we have had consislenlly good lo
excellent feedback from all our stakeholders In the period.
Fundraising activities
The charity carried out only a few modest fundraising activities, such as a golf day.
Page 3

Lelcéster Riders Foundation
ort of the Trustees
forthe Year Ended 30 November 2023
FINANCIAL REVIEW
Financial review
The lolal income for the year was £2,244,94312022.' £3,426.0221 which, after deducting expenditure of
£2.430,21912022.. £3,003,923) resulted iri nel expenditure of £185,27612022'. nel income £422,009).
AI 30 November 2023 the charity had lolal accumulated funds of £3,554,13612022". £3,739,412). Out of this,
£90,82912022-. £87,754) is held in reslricled funds.
The trustees are satisfied with the financial position of the charity as shown in the financial stalemenls.
Significant events that have affected performance during the period
The period was partly impacted by significant change in funding by Government of NCS leading lo additional
costs ané reduced revenues.
The period was also characlerised by labour shortages and increases in insurance, gas and electricity which
has the large51 irnpact on our residenllal property and on our subsidiary company which operates the arena.
Miligalion actions were undertaken bul were limited in their effectiveness.
Principle risks and uncertainties and summary of stralegy for managing these
The cosl-of-living crisis irnpacls the Foundation in many ways as is the case for other small businesses. Our
staff who are on modest wages struggle lo work as flexibly as in the past, and we have limile(l ability lo
increase prices for our services.
We will be reviewing all aspecls of our business to reduce overheads in the 2025 financial year where
possible and increase joint working with partners, where possible.
Factors lik?ly to affect future p8rfomiancè
The impact of recent price rises across the board are taking some time lo dissipate, and thus improved work
processes will be key.
We also continue lo bid for bigger public sector projects in partnership with others, although those are highly
cornpelilive.
Principle funding sources
The anlicipaled funding sources In the future are expected lo bias lo larger public sector grants. Securing
these will need the Foundation to form the right partnerships.
Beller planned use of the Arena through ils subsidiaTy should also assist the Foundation lo expand ils
foolprinl.
Resorves policy
The Foundation's policy on reserves is that sufficient reserves should be maintained to cover al leasl three
months fixed operating costs.
FUTURE PLANS
Future plans including aSm5 and actlvlties planned to achieve them
We are undertaking a detailed review of our business lo re-sel our detailed objectives and delivery. This will
include an aim to significantly improve ulilizalion of our new. expanded venue and of our staff
That review is anticipated lo complete in 2025, having being delayed this year by the loss of experienced staff,
Page 4

Leic8Ster Rlders Foundation
ort of the Trustees
for the Year Ended 30 November 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is governed by ils governing document, the Memorandum and Articles of Association, and
conslilules a limited company, limited by guarantee.
The charity was incorporated on 27 June 2014 and adopted ils current Memorandum and Articles of
Association on 8 April 2015,. it became a registered charity on 7 May 201 S.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Recruitment and appolntment of new trustees
The FoLJndalion has been established with Iruslees representing those involved with the running of the
Leicester Riders Basketball CILJb, local businesses, local authority councillors and local education
inslilulions.
We undertake a regular skills audit lo ensure our Board is capable of responding to the ever<hanging
challenges of our communities, and the wider business environment. We are actively seeking greater
diversity in our governance.
OLJr governance is currently being reviewed by BBL. on behalf of Sport England. in common with other BBL
and WBBL clubs, lo help guide our future dSreclion.
Organisational structure and decision making
The charity is controlled by ils Board of Trustees.
One of the trustees provi(Jes daily Input lo guide the managemerTrl team on behalf of the Board, and lo
ensure there is close working with partners. The IrLJslee is also involved in many discussions and meetings
with extern81 stakeholders. The Chairman also provides regular support and guidance lo the General
Manager.
Induction and Training of New Trustees
We have recently un(Jertaken 8 review of key areas and intend to provide increased safeguarding Irsining lo
a nutnber of Iruslees in light of the importance of that function.
Key management remuneration
The remuneration arrangemerTrls of key personnel are agreed in consullalion by a subgroup of the Board,
including the two Iruslees who most closely inleracl with the Foundation team.
R8lat8d parties
There are Iwo common members of the Boards of the related companies, who ensure there is close working
and appropriate arrangements with related companies.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
09106604 (England and Wales)
Registered Charity number
1161638
Registered offic
Morningside Arena
12 Memory Lane
Leicester
Leicestershire
LE1 3UL
Page 5

Leicestgr Riders Foundation
ort of the Trustees
forthe Year Ended 30 November 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Trustees
K T Roulledge
S R Muggleslone
R G Levenslon Iresigned 30.06.20241
M T Ellis
Cllr A M D Clarke Iresigned 24.06.20241
S W Winfield
D Glover Iresigned 16.09.20241
Mrs T S Hallam (resigned 08.01.20251
Ms D M Donnarumma Director (resigned 16.09.20241
Mrs L Hathaway lappoinled 25.1.20231
Auditors
Torr Walerfield Limiled
Slalulory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW
Solicitors
Edward, Hands & Lewis Solicitors Lid
299 Main Street
Bulwell
Nollingham
NG6 8ED
Bankers
National Westminster Bank
135 Bishopsgale
London
EC2M 3UR
Key Management Personnel
The Foundation has been led by General Manager Laura Shephard supported by key Iruslees, but Ms
Shepherd left in December 2023 and a new General Manager has since been iecruiled lo replace her.
Page 6

Leicèster Ridors Foundation
ort of the Trustees
forthe Year Endod 30 Novembgr 2023
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees (who are also Ihe directors of Leicester Riders Foundation for the purposes of Company lawl
are responsible for preparing the Report of the Trustees and the financial slalemenls ir? accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted AccoLJnling
Practice).
Company law requires the trustees lo prepare financial slalemenls for each financial year which give a true
and fair view of the slate of affairs of the charitable company and of the incoming resources and applicali
of resources. including the income and expenditure, of the chari12ble company for that period. In preparing
those financial slalemenls, the Iruslees are required to
select suitable accounting policies and then apply them consislenlly-,
observe the methods and principles in the Charity SORP.,
make judgements and eslimales that are reasonable and prudent.,
prepare the financial statements on the going concern basis unless it is inappropriate lo presume that the
charitable company will continue in bLJsiness.
The Iruslees are responsible for keeping proper accounting records which disclose with reasonable accuracy
at any lime the financial position of the charitable company and lo enable them to ensure that the financial
slaletnenls comply with the Companies Act 2006. They are also responsible for safeguarding the assets of
the charitable Company and hence for taking reasonable steps for the prevention and detection of fraud and
other irregularities.
In so far as the Iruslees are aware..
there is no relevant audit Information of which the charitable companys auditors are unaware-, and
the Iruslees have taken all steps that they ought lo have taken lo rnake themselves aware of eny relevanl
audit Information and lo establish that the auditors are aware of that information.
AUOITORS
The auditors, Torr Walerfield Limited, will be proposed for re-appoinlmenl al the forthcoming Annual General
Meeting.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act
2006 relating to small companies.
Approved by order of the board of trustees on . 2 9 MLt
lo15
and signed on ils behalf by..
KTRO
ledge - Tr
slee
Page 7

Re ort of the Ind
endent Auditors to the Members of
Leicester Riders Foundation
Opinlon
We have aLJdited the financial slalemenls of Leicester Riders Foundation {'Ihe charitable company'l and ils
subs￿larY Ilhe 'group'l for the year ended 30 November 2023 which comprise the consolidaled statement of
financial activities lincorporaling an income and expenditure account}, consolidated and parent charitable
company balance sheets, consolidated cash flow statement and notes lo the consolidated cash flow
statement, and notes lo the financial slalemenls, including a summary of signrficanl accounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted AccounliTrg Practice) including
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generally Accepted Accounting Praclicel.
In our opinion the financi81 stalemenls".
give a true and fair view of the slate of the group's and of the charitable company's affairs as al 30
November 2023 and the group's incoming resources and application of resources, Including ils Income
and expenditure, for the year then ended.,
have been properly prepared in 2ccordan¢e with United Kingdom Generally AC￿pted AcGounting
Practice,. and
have been prepared in accordance with the requbremenls of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing IUKI (ISAS IUKII and
applicable law. Our responsibilities under those sland8rds are further described in the Auditors,
responsibilities for the audit of the financial slalemenls section of our report. We are independent of the
charitable company in accordance with the ethical requirements Ihal are relevant lo our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fU￿illed our other ethical
responsibilities in accordance with these requiremen15. We believe that the aLJdil evidence we have obtained
is sufficient and appropriate lo provide a basis for our opinion.
Material uncertainties relating to going concern
We draw allenlion lo Note 2 in the financial slalemenls, which indicates that the group incurred a nel deficit
of £185,276 during the year ended 30 November 2023 and, as of that dale, the group had net current
liabilities of £1, 149,833. As slale(i in Note 2, these events or conditions, along with other matters as sel forth
in Note 2, indicate that a material uncertainly exists that may ¢asl significant doubl on the group's ability lo
continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial stalemenls, we have concluded that the Iruslees, use of the going concern basis of
accounting In the preparation of the financial statements is appropriate. Our evaluation of the trustees,
assessmerTrl of the group's ability lo continue lo adopt the going concern basis of accounting included
reviewing the group's latest position, agreements and correspondence from key lenders, and value of its
assets, all of which enabled us lo assess the trustees. assertion that the group continues lo have the support
of key lenders and there is no indic21ion that financing facilities will be withdrawn.
Our responsibilities an(J the responsibilities of the Iruslees with respect lo going concern are described in the
relevant sections of this report.
Page 8

Re
ort of the Inde
endent Auditors to the Members of
Leicester Riders Foundation
Other information
The trustees are responsible for the other information. The other infomiation comprises the information
included in the Annual Report, other than the financial slalemenls and our Report of the Auditors Ihereon.
Our opinion on the financial slalemenls does not cover the other information and, except lo the extent
otherwise explicitly slated in our report, we do not express any form of assurance conclusion Iheieon.
In connection with our audit of the financial slatemenls. our responsibility is lo read the other information
and, in doing so, consider whether the other information is materially inconsislenl with the financial
slaletnenls or our knowledge obtained in the Course of the audit, or otherwise appears lo be materially
misstated. If we identify such material inconsistencies or apparent material misstalemenls, we are required
lo determine whether this gives rise lo a material misslalemenl in the financial slalernenls themselves. If,
based on the work we have performed, we conclLJde that there is a material misslalemenl of this other
information, we are required to report that fact. We have nothing lo report in this regard.
Opinions on othar matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit.,
the information given in the Report of the Trustees for the financial year for which the financial
statements are prepared Is consislenl with the financial slalements.. and
the Report of the Trustees has been prepared in accordance with applicable legal reqLJiremenls.
Matters on which we are required to report by exceptlon
In the light of the kno￿edge and understanding of the group and the charitable company and ils
environment obtained in the course of the audit, we have not idenlrfied material misslalemenls in the Report
of the Trustees.
We have nothing lo report in respect of the following mallers where the Companies Act 2006 requires us lo
report lo you if, in our opinion".
adequate accounting records have not been kept or returns adequate for our audit have not been
received from branches not visited by us-, or
the,, inancial slalemenls are not in agreement with the accounting records and returns,. or
certain disclosures of trustees. remuneration specified by law are not made,. or
we have not received all the information and explanations we require for our audit,. or
the Iruslees were not entitled to take advantage of the small companies. exemption from the requirement
lo prepare a Strategic Report or in preparing the Report of the Trustees.
Responsibilities of trustees
As explained more fully in the Slalemenl of Truslees, Responsibilities, the Iruslees (who are also the
directors of the chaiilable company for the purposes of company lawl are responsible for the preparation of
the financial slalemenls and for being satisfied that they give a true and fair view, and for such intern81
control as the Iruslees determine is necessarw lo enable the preparation of financial slalemenls that are free
from material misslalemenl, whether due lo fraud or error.
In preparing the financial slalemenls. the directors are responsible for assessing the group's and charitable
company's ability to continue as a going con￿[￿, disclosing. as applicable. mallers related lo going concern
and using the going concern basis of accounting unless the Iruslees either intend lo liquidate the charitable
company or lo cease operations, Dr have no realistic allernalive bul lo do so.
Page 9

rt of the Ind¢
¢ndent Auditors to the Members of
Leicester Riders Foundation
Audito￿3 responsibilitles for tho audlt of the financial stataments
Our objectives are lo obtain reasonable assurance about whether the financial slalefflents as a whole are
free frorn malerial misslalemenl, whether due lo fraud or error, and lo issue a Report of the Auditors that
includes our opinion. Reasonable assurance is a high level of assurance, bul is not a guarantee that an audit
conducted in accordance with ISAS IUKI will always delecl a material misslalemenl when il exists.
Misslalerllenls Can arise from fraud or error and are considered material rf, individually or in the aggregate,
they Could reasonably be expected to influence the economic decisions of users taken on the basis of these
financlal statements.
The exlenl lo which our procedures are capable of delecling iiregularilies, including fraud is detailed below..
Extenl to which the audlt was considered capable of detecting irregularities, includlng fraud
The capability lo delecl irregularities is based on the auditor idenlrfying and assessing the risks of material
mi55t3.:emenl of the financial slalemenls, whether due lo fraud or error. and then designing and perfoming
audit procedures responsive to those risks, including obtaining audit evidence that IS sufficient an
appropriate lo provide a basis for our opinion.
al Identpfying and assessing potential risks related to irregularities
In Idenlrfying and assessing risks of material misslalemenl in respect of irregularities, including fraud and
non-compliance with laws and regulations, the following approach was taken..
Understanding the nature of the industry and sector, control environment and business perform2nce',
Consideration of the results of our enquiries of managetnenl and Ih05e charged with governance about
their own identrficalion and assessment of the risks of irregularities,.
Understanding the company's policies and procedures on compliance with laws and regulations and
management of fraud risk, Including documentation of instances of non-compliance of laws an
regulations and instances of actual, Suspected or alleged fraud-,
Consideration of matters discussed among the audit engagemenl team regarding how and where frau
might occur in the financial statements and any potential in(Jicalors of fraud",
Understanding the legal 2nd regulatory frameworks that the enlily operales in through enquiry of
managernenl and those charged with governance and understanding ils industry and
sector. The key laws 2nd regulations that were considered lo have an effect on material amounts and
disclosures in the financial slalemenls included the Companies Act and lax legislation.
bl Audrf£ response lo risks idenlrfied
Based on this underslznding, the following audit procedures were designed and performed lo respond lo the
risks idenlrfied.,
Reviewing the financial statement disclosures and testing lo supporting documentation lo assess
CDmpliance with applicable laws and regulation5 described as having 2 direct effect on the financial
slalemenl,,
Enquiring of management, those charged wilh governance and. where applicable, the enlily's solicitors
concerning actual and potential liligalion and claims,.
Performing analytical procedLJres lo identify any unusual or unexpected relationships that may indicate risks
of m21erial misslalemenl due lo fraud.,
Reviewing minutes of meetings of those charged with governance and, where applicable, correspondence
with regiJl8lors",
Performing audil work over the risk of rn2nagemenl override of controls, including testing of journal entries
and other adjuslmenls for appropriateness and evaluating Ihe business r81ionale of significant Irarlsaclions
outside the normal course of bL)siness',
Communication of potential fraud risks lo all engagement team members and remaining alert lo any
indication5 of frau(J or non-compliance with laws and regulations throughout the audit.
Because of the inherent limitations of an audit, there is 3 risk that we will not delecl all irregularities, including
those leading lo a material misslalemenl in the financial statemen15 or non<ompliance with regulalion. This
risk increases the more that compliance with a law or regulation is removed from the evenls and transactions
reflected in the financial slalemenls, as we will be less likely lo become aware of instances of non-
Page 10

ort ofthe Inde
endent Auditors to the Members of
Leicester Riders Foundation
compliance. The risk is also greater regarding irregularities occurring due lo fraud rather than error, as fraud
involves intentional concealment, forgery, collusion, omission or misrepresenlalion.
A further description of our responsibilities for the audit is located on the Financial Reporting Council's
website al". www.frc.org.uk/auditorsresponsibililies. This description forms part of our Report of the Auditors.
Use of our report
This report is made solely lo the charitable company's members, as a body, In accordan￿ with Chapter 3 of
Part 16 of the Companies Act 2006. Our auijil work has been undertaken so that we might slate lo the
charitsble company s members those mallers we are required lo slate lo them in an aLJditor's report and for
no other purpose. To the fullest exlenl perrnilled by law, we do not accept or assume responsibility ID
anyone other than the charitable company ané the charitable company's members as a body, for our audit
work, Tor this report, or for the opinions we have formed.
Peter Morris FCA (Senior Slalulory Audilorl
for and on behalf of Torr Walerfield Limited
Stalulory Auditor
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW
Dale..
1015
Page 11

Leicestor Riders Foundation
Consolidated Statement of Financial Activities
Incor oratin
an Income and Ex enditure Account
for the Year Ended 30 November 2023
Year Ended
Period
1.6.21
lo
30.11.22
Total
funds
30.11.23
Total
funds
Unreslricled
fund
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
36,220
93,132
129,352
743.803
Charitable activlties
Residential training schemes
Community projects
Fieldhouse
211,423
211,423
175,799
216,941
82,707
428,349
282,599
175,799
216,941
Other trading activities
Investment income
Other income
1,426,272
85,156
1,426,272
85,156
1,686.296
98,787
103,481
Total
1,940,388
304 555
2 244.943
3,426.022
EXPENDITURE ON
Raising funds
1,641,684
1,641.684
2.080,979
Charitable activities
Residential training schemes
Community projects
Fieldhouse
4,539
178,109
304,407
129,462
172,018
134,001
350,127
304,407
87,361
515.354
320,229
Total
2,128,739
301,480
2,430,219
3,003,923
NET INCOMEIIEXPENDITURE)
1188,3511
3.075
{185,2761
422,099
Transfer between funds
Net movement in funds
(188,3511
3,075
1185,2761
422,099
RECONCILIATION OF FUNDS
Total funds brought foiward
3 651,658
3 739412
3317,313
TOTAL FUNDS CARRIED FORWARD
3.462,307
90,829
2.S54,136
3,739.412
As perrnitted by Section 408 of the Companies Act 2006, the Slalemenl of Financial Activities of the parent
company is not presented as part of these financial slalemenls.
COMTINUING OPERATIONS
All income and expenditure has arisen from continuing aclivilies.
Page 12

Lolcèstgr Riders Foundation
Consolidated Balance Sheet
30 November 2023
30.11.23
Total
funds
30.11.22
Total
funds
Unreslricled
fund
Reslricled
funds
Notes
FIXED ASSETS
Tangible fixed assets
7,206,888
7,206,888
6,944,273
CURRENT ASSETS
Stock
Debtors
Cash al bank and in hand
15.000
253,408
30,915
15.000
336,504
16,250
304,132
148 169
83,096
299,323
106,298
CREDITORS
Amounts falling due within one year
405.621
468,551
18 11,539,985)
115,4691 11,555,454) 12,442,275)
NET CURRENT LIABILITIES
11,240,662)
90.829
11,149,8331 11.973,7241
TOTAL ASSETS LESS CURRENT
LIABILITIES
5,966,226
90,829
6,057,055
4,970,549
CREDITORS
Amounts falling due after more than one year 19 12,502,920)
12,502,920) 11.231,137)
NET ASSETS
3,463,307
90,829
3,554,136
3 739,412
FUNDS
Unrestricted funds
Reslricled funds
23
3,463,307
90,829
3,651,658
87.754
TOTAL FUNDS
3,554,136
3,739412
These financial slalemenls have been prepared in accordance with the provisions applicable to Charitable
companies subject lo the small companies regime.
The financial slalemenls were approved by the Board of Trustees and aulhorised for issue on
and were signed on ils behalf by-.
Roulledge - Trustee
Page 13

Leicoster Riders Foundation
Com
Balanee Sheet
30 November 2023
30.11.23
Total
funds
30.11.22
Total
funds
Unreslricled
fund
Restricted
funds
Notes
FIXED ASSETS
Inve51menls
16
CURRENT ASSETS
Debtors
Cash al bank and in hand
17
247,900
83.096
330,996
23 202
467,045
247.900
106,298
354,198
549,367
REDITORS
Amounts falling due within one year
18
1253,0031
115,4691
1268,4721
1364,1481
NET CURRENT ASSETS
90,829
85,726
185,219
TOTAL ASSETS LESS CURRENT
LIABILITIES
15,1031
90,829
85,727
185,220
CREDITORS
Amounts falling due after more than one year 19
(24,241)
(24,241)
(34,8911
NET ASSETSIILIABILITIES)
29,3441
90,829
61,486
150,329
FUNDS
Unrestricted funds
Reslricled funds
23
129,343)
90,829
120,975
29,854
TOTAL FUNDS
61,486
150,329
These financial slalemenls have been prepared in 2ccordance with the provisions applicable lo charitable
companies subject to the small corllpanies regime.
The financial slalemenls were approved by the Board of Trustees and aulhorised for Issue on
..l.f.. .If!@J'
1¢ 15............ and were signed on ils behalf by..
utled9e
ruslrr
Page 14

Leicester Riders Foundation
Consolidated Cash Flow Statgment
for the Year Ended 30 Novèmber2023
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Notes
Cash flows from operatlng activities
Cash generated from operstions
Interest paid
338,055
38 3731
2,015,777
70 8231
Nel cash (used Inyprovided by operating activities
299,682
1 944 954
Cash flows from investing activiti68
Purchase of tangible fixed assets
Finance income
1393,7331
12,023,817)
23
Nel cash lused inllprovided by financing activities
393,7321
12.023.794}
Cash flows from financing activities
New loans in year
Loan and other repayments in year
291,000
16g.872}
76,1821
Net cash (used in)Iprovideé by financing activities
94,050
76,1821
Change In cash and cash 8quivalents
in the reporting period
Cash and cash equivalents at the
beginning of the reporting period
27,078
1155.0221
19,814
174,836
Cash and cash equivalents at the end
of th¢ rgporting period
46,892
19,814
Page15

Leicester Riders Foundation
Notes to tho Consolrdated Cash Flow Statement
for the Yèar Ended 30 November 2023
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Period
1.6.21
to
30.11.22
Year Ended
30.11.23
Net income for the reporting period (as per the Statement of
Financial Activities)
Adjustments for..
Finance income
Finance costs
Loss on disposal of fixed assets
Depreciation charges
Ilncreaselldecrease in stocks
Ilncreaselldecrease in debtors
Increaselldecreasel in creditors
1185,2761
422,099
{1}
38,373
1231
70,823
6,995
196,422
116,2501
1136,9301
1,472.641
131,119
1,250
132,3721
384,962
Net cash (used in)IprovidÈd by operations
338,055
2.015,777
ANALYSIS OF CASH AND CASH EQUIVALENTS
30.11.23
30.11.22
Cash in hand
NDli¢e deposits (less than 3 monlhsl
Overdrafts included in bank102ns and overdrafts falling due within one
year
4,872
49,245
4,148
144.021
7,2251
128,3551
Total cash and cash equivalents
46,892
19.814
ANALYSIS OF CHANGES IN NET DEBT
At1.1222
Cash llow
AI 30.11.23
Net cash
Cash al bank and in hand
Bank overdraft
148,169
128.3551
{94,052
121,130
54.117
7,2251
19.814
27.078
46,892
Debt
Debts falling due within 1 year
Debts falling due after 1 year
1206,246}
256,657
1228,7551
{1,040,582
1435,0011
1,297.239
462,9031 11,269,337) 11 732,240
Total
443,089
11,242,259) 11,685,348)
Page16

Lgicester Riders Foundation
Notes to thg Financial Statements
forthe Year Ended 30 November 2023
STATUTORY INFORMATION
Leicester Riders Foundation is 8 private company, lirniled by guarantee, registered in England and
W21es. The registered number and registered office address can be found in the Report of the
Trustees.
The members, currently only the trustees, are liable lo contribute an amount not exceeding £10 each
towards the liabilities of the charity in the event of insolvency.
ACCOUNTING POLICIES
Basis of preparing the flnanclal stalements
The financial statements of the charitable company, which is a public benefil enlily under FRS 102,
have been prepared in accordance with the Charities SORP IFRS 1021 'Accounling and Reporting by
Charities." Statement 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,. Financial Reporting Standard 102 'The Financial Reporting Standard
applicable In the UK and Republic of Ireland, and the Companies Act 2006. The financial slalemenls
have been prepared under the hislorical cost convention, with the eX￿pIlO￿ of inveslmenls which are
included al market value.
Going Concern
The group incurred a nel deficit of £185,276 in the year ended 30 November 2023. however, il
continues lo maintain a healthy nel asset balanGe of £3,554,136 as shown in the balance sheet on
page 13.
Due lo the nature of ils business, the group Is affected by volalilily in income, which in turns creates
challerjges for short-lerm cash management as reflected by its nel current liabilities of £1,149,833.
As al 30 November 2023, the group man2gèd ils financing requirements through a mixture of bank
loans and overdrafts amounting lo £289,092, other loans amounting lo £1,450,373 and a loan from K
T Roulledge, Iruslee, amounting lo £1.175,481. As of May 2025, the group's bank loans and
overdrafts sland al £21,284, other loans total £1,921,731 and the loan from K T Roulledge remains al
£1,175,481.
The group has historically mel Ils capital and interest repayments, and the trustees are satisfied that
the group's lalesl financing position will enable it lo continue meeting all obligations as they fall due. In
line with this, the Iruslees, latest discussions with ils lenders have raised no issues of concern.
The Iruslees concluded. based on the above, that uNcertainlies exist that cast some doubl on the
group's ability lo continue as a going concern and that, therefore, the group may be unable lo realise
ils assets and discharge ils liabilities in the normal course of business. However, the Iruslees have a
reasonable expectation that the group has adequ31e resources to Continue in operational existence
for the foreseeable future and so continue lo adopt the golng concern basis of accounting in preparing
the financial slalemenls.
Income
All income is re¢ogni5ed in the Sialemenl of Financial Activities once the charity h8s enlillemenl lo the
funds, il is probable that the income will be received and the amount can be rlleasured reliably.
Expenditure
Liabilities are recognised as expenditure a5 soon as there is a legal or conslruclive obligation
commilling the charity lo that expenditure, il 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
accoLJnled for on an accruals basis and has been classrfied under headings that aggregate all cost
related lo the category. Where costs cannot be directly allribuled lo particular headings they have
been allocated lo aGlivilies on a basis consislenl with the use of resources.
Gr2nls offered subject lo conditions which have not been mel at the yearend date are noted as a
commitment bLJI not accrued as expenditure.
Page 17

Leicester Riders Foundalion
Notes to the Financial Statements
for the Year Ended 30 November 2023
Allocation and apportionment of costs
Expenditure Incurred on support costs are allocated lo activities based on managemeNt lime spent.
Ramaining costs are allO￿ted equally between charitable aclivilies.
Tangible fixed assets
Depreciation is provided al the following annual rates in order lo write off each a5sel over its
estimated useful life.
Leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
10/0 on cost
200/0 on reducing balance
15Q/o on reducing balance
25Q/o on cost
33 /0 on cost
Taxatlon
The charity is exempt from corporation lax on ils Charitable activities.
Fund accounting
Unreslricled funds can be used in accordance with the charitable obieclives al the discretion of the
Iruslees.
Restri¢led funds can only be used for particular reslricled purposes within the objects of the charity.
Restrictions arise when specified by the donor or when funds are raised for particular reslricled
purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
51alements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged lo the Slalemenl of Financial Activities on a stra￿hl-
line basis over the period of the lease.
Penslon costs and other post-retirement benefits
The charitable company operates a defined contribution pension scheme. Contributions payable lo
the charitable company's pension scheme are charged lo the Statement of Financial Activities in the
period lo which they relate.
Donated goods
Donated goods, facilities and services are recognised when the charity has control over the items, it is
probable that economics benefits will flow to the charity and the value can be reliably measured.
If11 Is impractical to measure the fair value of goods donated for resale or rf the costs of valuation
outweigh the benefit lo users of the accounts and the charity of this information, the donated goods
are recognised when they are sold.
Govomment grants
Government grants are recognised in accordance with the performance model.
Page 18

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
ACCOUNTING POLICIES- continued
Investments
Investments in subsidiary undertakings are recognised al cost.
Stocks
Stocks are valued al the lower of cost and eslirnaled selling price less costs lo sell on a first in first out
basis.
Debtors
Short term debtors are measured al Iransaclion price, less any impairtnenl. Loans receivable are
measured initially at fair value, nel of transaction costs, and are measured subsequently al amortised
cost using the effective rale of interest method, less any impairment.
Creditors
Short term creditors are measured al the transaction price. Other financial liabilities, Including bank
102ns, are measured initially al fair value, nel of transaction costs, and are measured subsequenlly al
amortised cost using the effective interest method.
Page19

Leicester Riders Foundation
Notes to the Financial Statements continued
for th9 Year Ended 30 November 2023
DONATIONS AND LEGACIES- GROUP
Period
Year Ended
30.11.23
lo
30.11.22
Donations
Grants
39,220
90,132
14.113
729,690
129,352
743.803
Government grants of £19, 74512022. £8,137) are included within grants which are not subject lo any
conditions.
Grants received, included in the above, are as follows..
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Asian Sports Fund
BBC
Local Apprenticeship Programme
The Big Issue
Leicestershire County Council
Police and Crime Commissioner for Leicestershire
Barclays Community Aid
Mencap
Mighty Creative
Violence Reduction Network
National Lollery - I Will Fund
Sported Foundation
The Basketball Foundation
Streelgames
Mallioli Wpods
Oadby
HOC
People
HAF
1,700
500
2,200
19,600
16,072
12,000
8,137
19.745
1,667
100,000
1.525
24,756
35,000
3,200
400
9,000
5,900
500
13,000
19,800
500,1)00
4,000
474
5.000
15,646
90,132
729,690
Page 20

Leicester Riders Foundatlon
Note5 to the Financial Statements - continued
forthe Year Ended 30 November 2023
OTHER TRADING ACTIVITIES- GROUP
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Court hire
Food and beverages
Arena sponsorship
Other income
Ticket agency fees
Fundraising events
Ticket Sales
Sponsorships
Raffles
Sale of donated items
564,966
733.024
36,200
29,810
41,412
5,860
678,843
875,051
45,000
10,507
72,414
844
292
4,200
10
15,000
1,426,272
1,686,296
INVESTMENT INCOME- GROUP
Perio¢Y
Year Ended
30.11.23
lo
30.11.22
Rents received
Solar feed income
Deposit account interest
48,856
36,299
73,278
25,486
23
85,156
98,787
INCOME FROM CHARITABLE ACTIVITIES- GROUP
Period
Year Ended
30.11.23
lo
30.11,22
Residential
training
schemes
Community
projects
Total
aclivtties
Total
activities
Fieldhouse
Student rent
contributions
Coaching and classe5
Contributions from
allendees
Grants
Court Hire
Camps
Junior National League
216,941
216,941
282,599
67.200
67,200
120,130
9,106
202,317
9,106
202,317
3,625
51,758
53,216
3,000
285.025
2.530
75,704
24,667
3,625
51,758
53,216
211,423
175,799
216,941
604.163
793 655
Page 21

Leicester Riders Foundation
Notes to the Financial Statements - Continued
for the Year Ended 30 November 2023
INCOME FROM CHARITABLE ACTIVITIES_ GROUP- continued
Grants received, ineluded in the above, are as follows..
Period
1.6,21
lo
30.11.22
Year Ended
30.11.23
Ingeus
LCFC in the Community
Erasmus
Tunng
10,148
191,663
13,655
79,707
1 D5,279
86,890
202,317
285,025
OTHER INCOME. GROUP
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Covid-19 Grants
Kick start Grants
Misc Income
95,024
6,874
1,583
103.481
RAISING FUNDS- GROUP
Raising donations and legacies
Period
1.6.21
lo
30 11.22
Year Ended
30.11.23
Sundries
Fundraising events
324
9,515
9.515
324
Other trading activitiès..
Purchases
Wages
Social security
Pensions
Other operating costs
Depreciation
Leasehold property
Plant and machinery
Fixtures and fillings
Motor vehicles
Computer equiprnenl
Loss on disposal of fixtures and fillings
Interest and finance charges
580,871
321,059
36,459
7,853
487,825
750,691
467,764
40,283
T,752
561,041
73,155
8,168
34,242
81,827
6,734
70.327
1 S.554
37,535
6,995
49,707
2 080,655
66,983
1 632,169
1,641,684
2,080,979
Page 22

Lelcester Rldgrs Foundation
Notes to the Financial Statements - continued
forthe Year Ended 30 November 2023
CHARITABLE ACTIVITIES COSTS- GROUP
Grant
funding of
activities
(see note
10
Support
costs (see
note 111
Direct
Costs
Totals
Residential training schemes
Community projects
Fieldhouse
129,462
139,126
243210
4,539
211,001
61,1g7
134,001
350,127
304 407
511798
276,737
788.535
10.
GRANTS PAYABLE. GROUP
Period
Year Ended
3011.23
lo
30.11.22
Community projects
8,100
The total grants paid lo institutions during the period was as follows..
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Leicester Basketball Limited
8.100
11. SUPPORT COSTS- GROUP
Support
team
Finance
costs
Governance
costs
Overheads
Totals
Residential training
schemes
Community projects
Fieldhouse
14,7681
114.3041
9,5371
5,474
16,895
10,949
3,833
11.499
7.667
4.539
211.001
61,197
196,911
52,118
249,029
28,609}
33,318
22,999
276.737
Page 23

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
SUPPORT COSTS- GROUP- continued
Activity
Support team
Finantte costs
Overheads
Governance CDSIS
Basis of allo￿tIon
According to relevant proportion of lime spent
According lo relevant proportion of lime spent
According lo relevant proportion of lime spent
According lo relevant proportion of lime spent
NET INCOMEIIEXPENDITUREI- GROUP
Nel incomel{expendilurel is slated after chargingl(credilingl'.
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
Auditors, remuneration
6,200
5,000
13. TRUSTEES. REMUNERATION AND BENEFITS- GROUP
There were no Iruslees, remuneration or other benefits for the period ended 30 November 2023 nor
for the period ended 30 November 2022.
Trustees. èxpenses
There were no Iruslees, expenses paid for the period ended 30 November 2023 nor for the perii)d
ended 30 November 2022.
14. STAFF COSTS- GROUP
Period
1.6.21
to
30.11.22
Year Ended
30.11.23
Wages and salaries
Social security costs
Other pension costs
698,857
56,227
13,374
981,993
62,532
11,658
768 458 ￿83
Page 24

Leicester Riders Foundation
Notes to the Financial Statements - continued
forthe Year Ended 30 November 2023
14.
STAFF COSTS- GROUP- continued
The average monthly number of employees during the period was as follows-.
Period
1.6.21
lo
30.11.22
19
13
Year Ended
30 11.23
18
13
12
43
Other trading activities
Residential training scheme
Support team
45
The number of etnployees whose employee benefits (excluding employer pension costs) exceeded
£60.000 was..
Period
1.6.21
lo
30.11.22
Year Ended
30.11.23
£60,001 - £70,000
The expense recognised in the slalemenl of financial activities for defined contribution pension plans
is £13,374. The expense is allocated between activities and funds on the basis of work performed by
the employees across the categories.
Remuneration paid lo key management personnel during the year was £36.38812022 - £47,760).
Page 25

Leicester Riders Foundation
Notes to the Financial Statements - continued
forthe Year Ended 30 November 2023
15. TANGIBLE FIXED ASSETS- GROUP
Fixtures
and
fittings
Leasehold
property
Plant and
machinery
COST OR VALUATION
At 1 December 2022
Addition5
Disposals
6,995,397
336,508
31,307
28,372
639,372
At 30 November 2023
7 331 905
59,679
639,372
DEPRECIATION
Al 1 December 2022
Charge for year
Eliminated on disposal
359,201
73,155
7,389
8.168
386,952
34,242
AI 30 November 2023
432,356
421,194
NET BOOK VALUE
AI 30 November 2023
6.899.549
44,122
218.178
AI 30 November 2022
6.636,196
23,918
252,420
Motor
vehicles
Computer
equipment
Totals
COST OR VALUATION
Al 1 Decembei 2022
Additions
Disposals
49,261
130,205
28,853
7,845,542
393,734
AI 30 November 2023
49,261
159,058
8,239,276
DEPRECIATION
Al 1 December 2022
Charge for year
Eliminated on disposal
49.261
98,466
15.554
901,269
131.119
AI 30 November 2023
49,261
114,020
1,032.388
NET BOOK VALUE
AI 30 November 2023
45,038
7 206,888
At 30 November 2022
6,944 273
The Leasehold property has been pledged as securty
Page 26

Leicester Riders Foundation
Notes to the Financial Statemgnls - continued
for the Year Ended 30 November 2023
16. FIXED ASSET INVESTMENTS- COMPANY
Shares In
group
undertakings
COST
At 1 December 2022 and 30 November 2023
NET BOOK VALUE
At 30 November 2023
AI 30 November 2022
There were no investment assets outside the UK.
The comF)any's inveslrnenls al the balance sheet dale in the share capital of companies include the
following-.
Leicester Communily Sports Arena Limited
Registered office.. 31 Charter Street, Leicester LE1 3UD
Nature of business.. Operation of a sports arena
Class of share-.
Ordinary
holding
100
30.11 23
30.11.22
Assets
7,376,657
7,081.884
3,884,005
3,492,800
3.492,652 3,589.084
1,569,067
2.478,408
1,665,499
2,112.084
96,4321
366.334
Capital and reserves
Turnover and other operating income
Expenditure
Profitlllossl
17. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- COMPANY
30.11.23
30.11.22
Trade debtors
AmoLJnls owed by group undertakings
Other debtors
Prepayments and accrued income
45,507
118,347
166.786
357
26,624
276.327
156,051
8,043
330 996
467 045
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP
3011,23
30.11.22
Trade debtors
VAT
Other debtors
Prepayments and accrued income
53.746
67,035
63,387
158,268
15,442
274,403
8355
316.504
Page 27

Leicester Riders Foundation
Notes to the Finaneial Statements - continued
for the Year Ended 30 November 2023
18. CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR . COMPANY
30.11.23
30.11.22
Bank10gns and overdrafts (see note 201
Other loans (see note 201
Trade creditors
Social security and other taxes
Other creditors
Rent deposits
Accruals and deferred income
17,248
60,200
74,073
63.439
1,096
8,250
77,083
137,629
14,074
58,360
11,372
8,250
57,380
268.472
364,148
Accruals and deferred income includes deferred income of £32,367 {2022 - £55,640).
Deferred income includes grants received in advance of achieving performance related conditions of
£15,469 {2022- £41,318).
The remaining deferred income consists of income received for delivering services that take place
following the year end.
18.
CREDITORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR- GROUP
30.11.23
30.11.22
Bank loans and overdrafts Isee note 20}
Other loans (see note 201
Trade creditors
Social security and other taxes
VAT
Other creditors
Rent deposits
Accruals and deferred income
181,430
260,796
530,138
191,381
101.060
218,141
8,250
64,258
168,332
166,269
1.570.975
180,173
270,8D4
8,250
77,472
1555 454
2 442,275
Accruals and deferred income include deferred income of £32,36712022- £55.6401.
Deferred income includes grants received in advance of achieving performance related conditions of
£15.46912022 - £41,318).
The remaining deferred income consists of income received for delivering services that lake pla
following the year end.
19. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR- COMPANY
30.11.23
30.11.22
Bank loans (see note 20}
24.241
34,891
24.241
34,891
Page 28

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
19. CREDITORS.. AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - GROUP
30.11.23
3011.22
Bank loans (see note 201
Other loans Isee note 201
Other creditors
107,662
1,189,577
1,205,681
111,275
145,382
974,480
2,502,920
1,231,137
Amounts falling due in more Ihan five years".
Repayable by inslalmenls
Other loans
603,817
30,827
603,817
30.827
Included in other creditor5 are loans lolalling £1,205,681 {2022.. £974,480) which are interest free and
repayable with a minimum of 53 weeks, notice.
20. LOANS- COMPANY
An analysis of the malurily of loans is given below..
30.11.23
30.11.22
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
Other loans
7,224
10,024
60,200
67,306
9,777
137,629
214.712
Arllounls falling between one and two years..
Bank loans - 1-2 years
Other loans- Repayable in 1-2 years
10,277
10,024
10,277
10,024
Amounts falling due between Mo and five years..
Bank loans - 2-5 years
13,g64
24.867
Page 29

Leicester Riders Foundation
Notes to thg Financial Statements - continued
for tho Year Ended 30 November 2023
20. LOANS- GROUP
An analysis of the malurily of loans is given below.
30.11.23
30.11.22
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
Other loans
7.225
174,205
260,796
128,355
39,977
166,269
442.226
334,601
Amounts falling between one and two years..
Bank loans - 1-2 years
Other loans - Repayable in 1-2 years
70,677
146,440
40,224
28,639
217,117
68.863
Amounts falling due between two and five years".
Bank loans- 2-5 years
Other loans - Repayable in 2-5 years
36,985
439,320
71,051
85,916
476,305
156,967
Amounts falling due in more than 5 years..
Other loans
603,817
30,827
603,187
30,827
21. SECURED DEBTS- GROUP
The following secured debts are included within creditors..
30.11.23
30_11.22
Other loans
68,288
174,021
68,288
174,021
The Other IDans are secured by a fixed charge over the leasehold property and a floating charge over
all other assets.
22.
OTHER FINANCIAL COMMITMENTS- GROUP
The company has a financial commitment, not Included In the bal8nce sheet. of £4,740,000 12022..
£4,780,0001_
This represents the ground rent payable, al £40,000 per year, under a lease which expires on 3
December 2140.
Page 30

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
23. MOVEMENT IN FUNDS- COMPANY
Prior
year
adjuslmenl
Nel
movement
in funds
At
30.11.23
At1.12.22
Unrestricted funds
General fund
120,975
1150,3181
129.3431
Restricted funds
BBC Children in Need
National Citizen Service
Coach Core
European Social Fund
Carry a Basketball not a Blade
Tackling Inequalities
National Lolleiy
Sport England
Big Issue
Mighty Creative
Mencap
LCC
Erasmus
Slreelgames
Ingeus
1,000
15.339
16,3751
111,3301
1,500
3,400
1,700
2,500
5,000
13,000
1,975
7,758
1,500
13,860
10,148
1,000
27,488
12,149
6,375
11,330
1,500
3,400
1,700
2,500
5,000
13.000
1,g75
7,758
1,500
13,860
10,148
29,854
60,975
90,829
TOTAL FUNDS
150,329
89,3431
61,486
Page 31

Nel movement in funds. included in the above are as follows-.
Incoming
resources
Resources
expended
Movement
In funds
Unrestricted funds
General lund
500,246
1592,6641
{92.4181
RestriGtod funds
Erasmus
Street games
BBC Chil(Jren in Need
National Citizen Servi
Coach Core
European Social Fun
Tackling Inequalities Fund
Hardship Fund 2022123
Mighty Creative
Apprenticeship
Mencap
British Basketball League
Turing Florid
Oadby & Wigslon Borough Council
Leicestershire Police- Hoops
House of Commons
Lelcesler City in the Community
People in Development
LCC
Ingeus
113,287
19,800
500
1111,787}
15,9401
1,500
13,860
500
114,661)
16,3751
111,3301
1,700
114,6611
16,3751
111,3301
1,700
3,000
500
2,200
5.900
13,000
87,987
4,000
1,667
474
19,745
5,000
15,646
10,148
13,0001
15001
{2,2001
14,4251
113,000)
187,9871
14,0001
11,667)
{474}
119,745)
15,0001
19,3881
1.475
6,258
10,148
304,554
301,479}
3,075
TOTAL FUNDS
804,800 ￿894 1431
89.343}
Page 32

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 Novembor 2023
23.
MOVEMENT IN FUNDS- COMPANY- continued
Comparatives for movement in funds
Prior
year
adjustment
Nel
movement
in funds
Al
30.11.22
Al 1.6.21
Unrestricted funds
General fund
35,918
120.6081
105,165
120,475
Restricted funds
Erasmus
BBC Children in Need
National Citizen Servlce
Coach Core
European Social Fund
Carry a Basketball not a Blade
Tacking Inequalities Fund
National Lollery
Sport England
12,9001
2,￿0
17,300}
7,300
12,149
6,375
11,330
12,149
6,375
11,330
17,000
8,300
9,700
10,000
117,0001
18,3001
19.7001
10,0001
26,954
52,300
4g,4001
29,254
TOTAL FUNDS
62,872
31,692
55,765
150,329
Comparative nel movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
708.728
1603,563}
105,165
Restrictgd funds
Erasmus
BBC Children in Need
National Citizen Service
Carry a Basketball not a Blade
Tackling Inequalities Fund
National Lottery
I Will Fund
Sport England
Big Issue
1967 Club
Hardship Fund
Mighty Creative
Apprenticeship
Mencap
Violence Reduction
LCFC
United Leicester
British Basketball League
LCC
Mallioli Courts
79.707
19,600
191,663
176.8071
126,9001
{191,6631
117,0001
18,3001
19,7(K)I
13,2001
110,000}
112.0001
18.1001
14,0001
124,7561
116,0721
11,5251
135,0001
11,5001
112,1551
{9,0001
18,1371
500,0001
2,900
17,3001
117,0001
18,3001
{9,7001
3,200
110.0001
12,000
8.100
4,000
24,756
16,072
1,525
35,000
1,500
12,155
9.000
8,137
500,000
926,415
975,815
49,4001
TOTAL FUNDS
1635,143
11,579,378)
55,765
Page 33

Leicester Riders Foundation
Notes to the Financial Statements - continued
for thg Year Ended 30 November 2023
23. MOVEMENT IN FUNDS- GROUP
Nel
movement
in funds
Al
30.11.23
At 1.12.22
Unrestricted funds
General fund
3,651,658
1188,3511
3.463,307
Restri¢tod funds
BBC Children in Need
National Citizen Service
Coach Core
European Social Fund
Carry a Basketball not a Blade
Tackling Inequalities
Nalional Lollery
Sport England
Big Issue
Mighty Creative
Mencap
LCC
500
500
114,661 }
16,3751
111,3301
1,000
27.488
42,149
6,375
11,330
1.500
1,7
1,700
2,500
5,000
13,000
500
1,500
1,500
3,400
1.700
2,500
5.000
13,000
1,975
7.758
1,500
13,860
10.148
11,7001
1,475
6,258
1.500
13.860
10.148
ErasmLJS
Slreelgatnes
Ingeus
87,754
3,075
90,829
TOTAL FUNDS
3,73g,412
185,2761
3,554,136
Page 34

Lolcoster Riders FoundatSon
Notes to the Financial Statements - continued
forthe Year Ended 30 Novémber 2023
23.
MOVEMENT IN FUNDS- GROUP- contlnued
Nel movement In funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movemenl
in funds
Unrestrlcted funds
General fund
1,940,388
12,128,739)
1188,3511
Restrictgd funds
Erasmus
Slreelgames
BBC Children in Need
National Citizen Service
Coach Core
European Social Fund
Tacking Inequalities Fund
Hardship Fund 2022123
Mighty Creative
Apprenticeship
Mencap
British Basketball League
Turing Florida
Oadby & Wigslon Borough Council
Leicestershire PoliGe
House of Commons
Leicester City in the Comrnunlty
People in Development
LCC
Ingeus
113,287
19,800
500
1111,7871
15,940)
1,500
13,880
500
{14,6611
16,3751
111,3301
1,700
114,6611
{6,3751
111,3301
1,700
3,000
500
2,200
5,900
13,000
87.988
4,000
1,667
474
19,745
5,000
15.646
10,148
13,0001
15001
12,2001
14,4251
113.0001
187.988}
14,0001
11,6671
1474)
119,7451
15,0001
19,3881
1.475
6,258
10,148
304,554
301 4801
3,075
TOTAL FUNDS
Page 35

Lèi¢e5ter Riders Foundation
Notes to the Financial Statements - continued
for the Year Endèd 30 November 2023
23.
MOVEMENT IN FUNDS- GROUP- continued
Comparatives for movement in funds
Prior
year
adjuslmenl
Nel
movement
in funds
Transfers
between
funds
Ai
30.11.22
A11,12.21
Unrestricted funds
Geneial fund
3,258,667
120,6081
186,4011
500,000
3,651,658
Rgstricted funds
Erasmus
BBC Children in Need
National Citizen Servlce
Coach Core
European Social Fund
Carry a Basketball not a
Blade
Tackling Inequalities
National Lottery
Sport England
Big Issue
Mighty Creative
Mencap
LCC
MattKli Courts
12,9001
2,900
{6,80DI
30,000
7,300
500
42,149
6,375
11,330
12,149
6,375
11,330
17,000
8,300
9.700
10,000
115,5001
{6,6001
18,0001
17,5001
5,000
13,000
500
1,500
500,000
1,500
1.700
1,700
2,500
5.000
13,000
500
1,500
1500,0001
26,954
52,300
508,500
87,754
TOTAL FUNDS
3,285,621
31,692
422,099
3,739,412
Page 36

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 Novèmber 2023
23.
MOVEMENT IN FUNDS- GROUP- contlnued
Comparative net movement in funds, included in the above are as follows..
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General fund
2,499,607
12,586,008)
186,4011
Restrlcted funds
Erasmus
BBC Children in Need
National Citizen Service
Carry a Basketball not a Blade
Tacking Inequalilies Fund
National Lollery
I will Fund
Sport England
Big Issue
1967 Club
Hardship Fund 2022123
Mighty Creative
Apprenticeship
Mencap
Violence Reduction
LCFC
79,707
19,600
191,663
{76,807}
126.4001
1161,6631
115.5001
16,6001
18,0001
13,200)
17,5001
17,0001
{8,1001
14,000)
111,7561
116,0721
11,025}
135,0001
11,5001
112.155)
19,000}
16,6371
2,￿0
16,8001
30,000
115,500)
16,6001
18.0001
3,200
{7,5001
5,000
12,000
8,100
4,000
24,756
16,072
1,525
35,000
1,500
12,155
9,000
8,137
500,000
13,000
500
u￿lte{j Leicester
British Basketball League
LCC
Mallioli Courts
1,500
500,000
926,415
417,915
508.500
TOTAL FUNDS
3 426.022
3,003,923)
422,099
Page 37

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 Novernber 2023
23. MOVEMENT IN FUNDS
Details of Restricted funds
Street games
Street Games are a national charity that secures funding lo promote physical activity amongst
disadvantaged communities. It used the Foundation lo address delivery commitments they made in
Leicesler.
Tackling Inequalities Fund
This is a fund particularly basically targeting minority groups, in this case lo provide a social session
where South Asian women meet together and play some basketball uncovered and feel safe lo do so.
Apprenticeship
Funding provided by a IrainSng partner lo lake on full-lime apprentice lo gain a qualification as a
Community Aclivalor Coach Apprentice L2.
Turing Florida
TLJring is replacement for Erasmus programme funéing after UK left the European Union.11 allows
young alhleles lo go abroad and play sport with other youngsters and share CLJliures and experIen￿S,
Oadby & Wigston Borough Council
Foundation staff provide activities in basketball for young people idenlrfied by the District Council on
weekly basis. as part of the Foundation's Positive Futures programme.
Lei¢est•rshiro Police
Police identified a number of challenged groups of youth for the Foundation lo provide diversionary
activities using basketball as Ihe main activity bul with other learning opportunities including
inleraclions with players.
ouse of Commons
Funded trip for young people involved in Foundation'5 progr2rnmes lo visit the Houses of Padiament
People in development
This project provides positive activities and sporting opportunities using basketball lo promote health,
wellbeing and education opportunities and physical aclivily, as well as community engagement and
cohesion.
Erasmus
European Union funded programme lo allow young alhleles lo experience other cultures.
BBC Children In Need
A project lo help disabled children and young people in Leicester lo have irllproved health and well-
being.
National Citizen Service
A Governrnenl scheme largeled al students lo undertake community engagement activities lo build
understanding of their responsibilities as citizens.
Coach Core
Apprenticeship scheme wth councils and Leicestershire & Rulland Sport.
European Social Fund
A project lo facilitate upward social mobility for disadvanlaged young people from deprived areas of
Leicester through supporiing them to gel and relain meaningful employment.
Page 38

Leicester Riders Foundation
Notes to the Financial Statements - continued
forthe Year Ended 30 Novembèr 2023
Big Issue
The Big 155ue charity have provided several grants and loans lo specrfically oddress the Foundations,
recovery from Covid. That has allowed the Foundation lo invest in infrastructure and business
processes, including marketing. lo help build resources and to assist in the Foundation responding lo
other external grant opportunities.
Mighty Creative
This proje¢l was funded by national government lo aid in the recovery of specrfied Communities frorn
Covid. 11 provided funding lo specific cities via a London creative agency lo engage young people in
sport and culture aclivilies, including rewarding them for reengagemenl and the most cre2tive
inilialives. The Morningside Arena and the Foundation was a key centre for this project in Leicester.
LCFC
Leicester City in the Community have provided funding for the Leicester Riders Foundation lo support
their delivery of their Kicks project, funding by the Premier League Foundation.
Mencap
Menc8p is a charity supporting those with a learning disability. The Foundation has sel up a nutnber
of sessions specifically lor those young people which have proved Immensely popular with the young
people and their parents. The sessions are going lo be expanded in terms of frequency and scope.
Vista
Vista is a charity supporting those with sile10ss. The Foundation has sel up a number of sessions al
the Arena specifically for those young people which were very popular with Ihe young peo￿e.
United Leicaster
UL is a partnership wlth Leicester Cty in the Community, Leicester Tigers Foundation and the
community arm of Leicestershire County Cricket. We have secured a number of small grants from the
Premier League Foundation, the NHS and from Everards charity to undertake activities wth young
people.
Ambassadors Project
This Project uses professional BBL Players lo inspire yOLJng people lo overcome their challenges and
use edLJcalion as opportunity for growth, via talk5 to schools, assemblies. It is called the Amb3ssadors
project and is funded by Sport England via the Basketball Foundation, administered and managed by
the BBL.
LCC
This conlfacl Is lo provide holiday activity camps alongside food provision for the most éisadvanlaged
young people who qualify for free school meals. A simi18r contract has recently been won for the
County Council.
Hardship Fund
Our Foundation is accessed by some of the most di58dvanlaged communilles in Leicester and
Leicestershire. Some of the young people can afford only a stnall or no contribution lo rijnning costs
and may not have access lo suitable footwear. We h2ve sel up a number of funding inilialives lo
provide services lo these young people al no cost and lo provide donated malerrdls, including playing
boots.
Page 39

Leicester Riders Foundation
Notes to the Financial Statements - continued
for the Year Ended 30 November 2023
24.
RELATED PARTY DISCLOSURES
The charitable company has taken advantage of exemption, under the terms of Financial Reporting
SlandÈrd 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland,, not lo
disclose related party transactions with wholly owned subsidiaries within the group.
During the period, the charity made loan advances of £10,499 to Le1￿$ter Basketball Limited,
company controlled by two of the Iruslees. The lolal balance oulslanding is £166,241 12022.
£155,742). This loan is interest free and repayable on demand.
Included within other creditors due in more than 1 year is a loan of £1,175,481 {2022'. £974.4811 owed
lo K T Roulledge, a Iruslee of Leicester Riders Foundation and a (Jireclor of Leicester Community
Sports Arena Limited. The loan is interest free and repayable with a minimum of 53 weeks, notice.
Page 40