REGISTERED COMPANY NUMBER: 09106604 (England and Wales)
REGISTERED CHARrrY NUMBER: 1161638
ort of tho Tru8tees and
Audlt•d Consolldatod Flnanclal Stst•ments
for the Y•ar Ended 30 Novembw 2024
Le
tor Rldors Foundatlon

L Icester Rlders Foundatlon
Contents of the Flnanclal Statements
for the Year Ended 30 November 2024
Page
Report of the Truste8s
1 to 7
Report of the Independent Audltors
8 to 11
Consolldated Statement of Financlal Actlvltles
12
Consolldated Bal￿ Sh••t
13
Company Balance Sheet
14
Consolidated Cash Flow Statement
15
Notes to the Consolldatod Cash Flow Stat•ment
16
Notes to the Flnanclal Statements
17 to 40

Le1c￿ter Rlde
Foundalion
Re
ort of the Tru8tee8
for th• Year Ended 30 Nov
mber 2024
The trustees who are also directors of the charity for the purposes of the Companoes Act 2006, present thelr
report wlth the financial ststements of the clxrty for Ihe year ended 30 November 2024. The trustees have
adopted the provisions of Accounting and Reportlng by Charities: Statement of Recommended Practke
appllcable to charities preparlng their accounts In a￿ordanCe with the Financial Reportlng Stsndwd
appllcable In the UK and Republic of Ireland (FRS 102) (effective 1 Januw 2019).
OBJECTIVES AND ACTMTIES
Objectlves and al
The FourKlatSon has following objectives:
1. To promole communlty paruclpatlon In sport arKI recreation by rxovision of servlces and facilities to
Improve people's health.
2. To further ￿ benefft people without distinctlon of sex, sexual orientatlon, race or of political, religious or
other opinlons by associating together the people and organisations In a common efftirt to advan(
education and to provide facilities. in the inlerests of soclal weffare, for recreation and leisure time
occupation with the objective of improvirKJ the Cor￿ll10nS of Ilfe of those people.
3. For the public benefit to promote education (Including social and physlcal training) of people In such ways
as the tharity sees fjt.
4. To promote social inclusion for the public benefrt by prevenling people from becoming socialty exduded,
relieving the needs of those people who are socially excluded and assisllng them to integrate into society.
For clarity, 'socI81￿ exduded, means being excluded from soclety, or part of socFety, as a result of being a
member of a socially and economlcalty dewlved communty.
5. To promote eqL￿ity and dNersty for the publlc benefit by promoting activities to foster Ur￿erstandIng
belween peoples of dNerse backgrounds.
The alms of the Foundatlon are entlrely conslstent with the objeclives dexribed above.
IAaln actlvftles
The charty Is Involved in a wide range of activities whlch Include providing basketball playing opportunities to
boys and girfs of all ages and abilities, providing coachlng to schools arKI universities, and delivering a wide
range of projects, indudlng to support the most disadvantaged In our community.
We work In p8rtn8rship with education sector, the local authorities, the Pollce and the Police & Crlme
Commissioner, the NHS, Other sportirvJ charilies of the professional sportlng clubs. as well as a range of
public and third sector organisations.
Whlle uslng physical activity to Improve people's lives is at the core of much of the Foundatlon's actfvttles, we
are also involved In addressing mentsl health, anli-social b8havK)ur, Improving life skills, creatlng
employment opportunltles aThY runnlry apwenticeship schemes. We work as well with the less able in our
communtties, developlng bespoke programmes atKI projects.
We also run a residential facility in Loughborough for young people and provide scholarships and support to
disadvantaged young people al￿￿u9h we plan to close that facS11ty In summer 2025.
Strategles
The charty YKJrks In partnership wilh a wide rawe of organisatlons to deliver Its charitable obi￿ts in the
most efficient and most effective ways. Thls indudes local SCI￿oIs, colleges and unlversltles but, also, we
work In partnership under the Unlted Leicester umlxella, involving the charitable amis of LCFC, Lekester
Tlgers and Le5￿terShIre County Cricket Club.
We tske particular advantage of the brand arrfl reach of the Leicester RId￿5, one of the top maje and female
professional baskett)all dubs in the UK, to maxSmSse our posftlve Impact in the local communities we serve.
Page 1

Lelcester Rldors Foundatlon
Rg
rt of tho Trustees
for the Period Year Endod 30 November 2024
OBJECTIVES AND ACTivrriES
The charity focuses on improving physical and mental wellbeing of all the people we serve by tsrgeted and
ell researched inlervenlions, working with key players in each sector we serve.
charity also aims to maximise the potential of all the young people we work with.
Slgnlflcant actlviths
The Foundation secures grants and donations to deliver its community actlvlties.
Other Foundation actlvltles are part fvnded by the p8rticipants andlor the education sector.
The Foundation runs a resldential propety to support fts education and tralnlng delivery In Loughbwough.
The Foundation's subsidiary undertaking, Lekester Communty Sports Arena Llmlted, has constructed and
manages the operation of a purpose-built sports arena in Lefcester. In 2022 the Arena built a 1200m2. £2.5m,
2 ball court extension.
SlgnlfirAnc• of volunt•8r8
A number of the young people we engage with, and their parents. provmle support arKI volunteering to tt
F￿ndatIon. This includes relate(I to Ihe organisation arKI delivery of our many projects and in general
administration and support
We have an established pathway for interested young people to receive training and qualifrcations leading to
employment OPFX)rtunities wlth the Foundation and rdated companies.
Public banafit
The activities undertaken during the year, as described above, demonstrate how the charity has met the public
benefrt requ5rements.
The trustees confirm that they have complied with the requirements of section 4 of the Charitles Act 2011 to
have due regard to the public benefit guidance publlshed by the Charity Commi&8ion.
Page 2

Lelc•8ter Rld•rs Foundatlon
Ro
rt of the Tru8t¢e8
for the Year Ended 30 November 2024
ACHIEVEMENT AND PERFORMANCE
Summary of maln achievements
We have worked with a record number of educational establishments and young people over the period.
The perio(1 has also seen important new inclusion partnwships with Menphys and Vlsta for the less able.
We have increased our engagement with the 3 unAversities. Including expanding the opporknjnities for
students to support the Foundation in 8 variety of volunteering and work placement roles.
We have also continued our work on 8nti-knife crime and antisoclal behaviour activitie5.
Progress towards obJectlves
Particularly with our inclusion work discussed above, our continued inltlatives ￿1th holiday food projects. and
r increase(J engagement with students for training, volunteering and qualifications opportunities. we have
maintained the footprint of the Foundation in its communities during the period. while sorne projects had
reduced funding.
Kay perfornianco Indlcators èxplaining output achleved by actlvltie8
For all our projects vrfe maintain detailed records of the people we work with. and report the key metrics as
dictated by the funders. Inevitably these vary project to project. but we have had consistently good to
excdlent feedback from all our stakeholders in the period.
Fundralsing actlvities
The charity carried out only a few modest fundralslng activities, such as events involving the Club's
supporters and awards dinners.
Page 3

Lol¢e8ter Rlders Foundatlon
. ort of the Trust••8
for th• Year En
30 November 2024
FINANCIAL REVIEW
Flnanclal revlow
The total income for tha year was £2,200,550 (2023: £2,244,943) which, after deductlng expenditure of
£2,248,927 (2023". £2,430,219) resulted In net kncome of £48,377 (2023: net expendtture of £185,276).
At 30 November 2024 the charlty had total reserves of £209,026 {2023: £61,486). £89,330 (2023: £90,829)
of this Is held In restricted funds.
The trustees are satisfied with the finandal position of the charity as shown in the finandal statements.
Signlfi¢ant events that have affect￿ perforniance durfng the perlod
During the perlod there was a change In General Manager wAth an extended perfod under interlm
8rraryements. in order to have an I￿lepend￿t review of the Foundatlon and its leadarshlp, before a new
Manager was recruited In August 2024.
The period was also chardcterlsed by slgnifKanty Increased labour costs and shortages and Increases in
insurance, gas and electrlcity whlch has the largest Impact on our residentlal propety and on our subsldiary
company which operates the arena. Mitigatlon adions were undertaken but were limited in their effectiveness.
Prlnciple rlsk8 and un￿taInti8$ and summary of strategy for managlng these
The cost*￿-11vIng crisis impacts the Foundalion in many ways as is the case for other small businesses. Our
staff who are on modest wages struggle to work as flexibly as in the past, and we have limited abllty to Increase
prices for our services.
We will be reviewed all aspects of our business to reduce overtrEads where possible and increase joint worklNJ
with partners.
Factors Ilkely to affect futuro perfornianco
The imm of recent prlce rises across board are tskirKJ some tlme to dissipate, and thus improved work
ocesses will be key.
We also contlnue to bld for bigger public sector projects In partnership wlth others. although those are highly
competitive.
Prlnclpl• fundlng sourc•s
The anticipated furKJing sources in the future are expected to bias to larger public sector grants. Securing
these will need the Foundation to fonn the right partnershlps.
Better planned use of the Arena through its subsidiary should also assist the F￿ndatIon to expand Its footprfnt.
This has InclLKled working wlth Leicester College on bullding a sports academy.
Reserv￿ pollcy
The FourKJalion's policy on reserves Is thal sufficient reserves should be maintsine(I to cover at least thre8
monlhs r￿ed operatlng costs, although that has been challenged more recently.
FUTURE PLANS
Future plans including alms and activities planned to achlevo them
We had completed a detailed revlew of our business by a third paty to re-set our detalled objectives and deltvery.
This Included an aim to slgnifKantly improve utilizatlon of our new, expanded venue and of our staff.
Page 4

Lel
er Rkl•rn Foundatlon
Re
rt of th• Trust••8
for tho Year Ended 30 November 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity 15 governed by its governing document, the Memorandum and Artldes of Assoo*ion, and
constitutes a limFted company, limtted by guarantee.
T1￿ charity was incorporated on 27 June 2014 and adopted its current Memorandum and Artides of
Association on 8 April 2015; It became a registered charlty on 7 May 2015.
RKruitment and appolntment of now truste•8
The Foundation has been established wtth trustees rewesentlng those involved with the running of the
Leicester Riders Basketball Club. l¢xal businesses, local aulhorlty and local education representatives.
We undertake a regular skills audlt to ensure our Board is capable of responding to the ever-thangSr
allenges of our communities, and th& wider business environment. We are actively seeklng greater diversAty
In our governance.
Oryanlsatlonal Structuro and declslon maklng
The charity is controlled by its Board of Trustees.
Two of the trustees provide regular Input to gulde the management team on behalf of the Board. and to ensure
there is close working with partners. On8 of the trustee is also involved in many dlscusslons and meetings wlth
extemal stakeholders.
Indu¢tlon and Tralnlng of Now Tru8tee6
We have undertaken a review of key areas and intend to continue to Frovide Increased safeguarding trainlng
to a number of trustees In Ilght of the importance of that functi¢)n.
Koy management remuneratlon
The remuneration arrangements of key personnel are agree(I In consult8tion by a subgroup of the Board.
includlng the two trustees who most dosely Interact with the Foundatlon team.
R•laltKI parti•8
There are two common members of the Boards of the related companles, who ensure there is close wYKking
and appropriate arrangements with related companies. One of those members is an accountant, and the
companAes share common internal financial resources, arKI Secu￿ extemal accounting support and advke
from Duncan & Toplis.
REFERENCE AND ADMINISTRATIVE DEfAILS
R•gl8t•rod Company numbor
09106604 (Er¥Jland and Wales)
Registered Charfty number
1161638
Reglstgrgd office
Mattloll Arena
12 Memory Lane
Leicester
Lelcestershlre
LE13UL
Page 5

Lelcester Rlder8 Foundatlon
Re ort of the Trustees
for the Year Ended 30 Novembar 2024
REFERENCE AND ADIAINISTrATIVE DEfAILS
K T Routledge
S R Mugglestone
R G Levenslon (resigned 30.06.2024)
M T Ellis
Cllr A M D aarke (resigned 24.06.2024)
S W Winfield
D Glover (resigned 16.09.2024)
Mrs T S Hallam (resigned 08.01.2025)
Ms D M Donnarumma (reslgned 16.09.2024)
Mrs L Hathaway
Audltors
Duncan & Toplrs Audit Limited
Statutory Auditor
Park House
37 Clarence Streat
LeKester
Leicestershlre
LE13RW
Solicltors
Edward, Hands & Lewis Solicrtors Ltd
299 Main St￿t
Bulwell
Nottingham
NG6 8ED
Bank•rs
National Westminster Bank
135 Bishopsgate
London
EC2M 3UR
Kay Managwnent Per60nnel
The Foundatlon has been le(1 by General Manager Robert Anthony Jarram supported by key trustees.
Page 6

Lekester Riders Foundatlon
Re
ort of tho Trustee8
for the Year Ended 30 Novomber 2024
STATEMENT OF TRUSTEES. RESPONSIBILrriES
The trustees (who are also the directors of Lelcester Riders Foundation for the purposes of company law)
are responsible for preparing the Report of the Trustees and financial statements in accordance wlth
applicable law and Unfted Kingdom Accountlng Standards (United Kingdom Generalty Accepted Accountlng
Practi￿).
Company law requlres the truslees to prepare financial statements for each financial year whth give a true
and falr view of the slate of affairs of Ihe charitable company and of the incoming resources and application
of resources, indudlng the Income and expenditure, of the charllable company for that period. In preparing
those financlal statements, the trustees are required to
select suitable accounting policies and then apply them consistenti
observe the methods and prlnclples In the Charity SORP,"
make Judgemenls and estimates that are reasonable arKI prudent;
prepare the financial statements on the going concem basls unless rt Is Inappropriate to presume that the
ckfjritable company wll continue In buslness.
The trustees are responsible for keeplng proper accounting records which disdose wlth reasonable accuracy
al any time the fir￿nCIal position of the charitable company and to enable them to ensure that the flnanclal
statements comply with Companies Act 2006. They are also responslble for safeguardiThJ the assets of
the charitable company and hence for taklng reasonable steps for the preventlon and detection of fraud and
other irregularities.
In so far as trustees are aware:
there is no relevant audlt infomation of which the charitable CoMpan￿S auditors are unaware: and
the trustees have taken all steps that tWI ought to have taken to make themsefves aware of any relevant
audlt infonnation and to establish thal auditors are aware of that InformatK)n.
AUDITORS
The audltors, Duncan & Toplis Audit Limlted. will be proposed for re-appolntment at the forthcoming Annual
General Meeting.
This report has been prepared in acccffdance with the special provisions of Part 15 of the Companies A
2006 relatlng to small companies.
Approved by order of the board of trustees on ......... .
and signed on ts behalf by:
KT
utledge - Tru
Page 7

rt of the Inde endent Auditors to the Member8 of
L•lcest•r Rlders Foundation
Oplnlon
We have audited the financial statements of Lelcester Riders Foundatlon ('the charitable Coffyan￿} and ts
subsidiary (the 'group') for the year ended 30 November 2024 whk* comprise the consolidated statemenl of
financial actlvfties (incorporating an Income and expenditure account), consolidated and parent charitable
compary balance sheets, consolidaled cash Ilow statement arKI notes to the consolidated cash flow
statement. and notes to the financial statements, induding a summary of signif￿ant acGounting policies. The
financial reporting framework that has been applied in their preparation is applicable law and United
Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practi￿) including
Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of
Ireland, (United Kingdom Generalty Accepted Accounting Practice).
In our opinion the financBI statements:
give a tnje and fair view of the state of the group's and of the charitable company's affaits a8 al 30
November 2024 and the group's incoming resources and 8pplicatK•n of resources, including its income
and expenditure, for the year then ended:
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice: and
have been prepared in a¢cordarKe with the requirements of the Companies Act 2006.
Ba818 for oplnlon
We conduded our audit in accordance with Intematlonal Stsndards on Auditir¥J (UK) (ISAS (UK)) and
applicable law. Our responsibilities under those standards are further descrlbed in the Audit(xs'
responsibllllles for the audit of Ihe financial statements section of our report. We are Independent of the
charitable company In accordance with the ethicAI requirements that are relevant to our audlt of the financial
statements in the UK, induding the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal
responsibillties in acC￿danCe wlth these requlrements. We balleve that the audit evidence we have obtained
is SLrfficient and approprlate to provide a basis for our opinion.
Mat•rlal uncertaintles relatlng to golng concern
We draw 8ttentlon to Note 2 in the financial statements, which Indicates that the group incurred a net deficit
of £48,377 during the year ended 30 November 2024 8nd, as of that date, the group had net current
liabilitles of £957.989. As ststed in Note 2, these events or conditions. along with other matters as set forth in
Note 2, indicate that a material Un￿rtaInty exists that may cast significant doubt on the group's abilty to
continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financi81 statements. we have concluded that the trustees, use of the going concem basis of
accounting in the preparation of the financial statements is appropriate. Our evaluation of the trustees,
assessment of the group's ability to continue to adopt the going COn￿M basis of accounting included
reviewing the group's latest position. agreements and correspondence from key lenders, and value of ts
assets, all of which enabled us to assess the trustees, assertK)n that the group conlinues to have the support
of key lenders arKI there is no indication that financing facilities will be withdrawn.
Our responsibilities and the responsibilitie5 of the trustees with respect to going concem are described in the
relevant sections of this reporL
Page 8

rt of the Inde
endent Audltor8 to the Membor8 of
L￿c8st9r Rlders Foundatlon
other Information
The trustees are responsible for the other Information. The other infomiation compri58s the Information
included in the Annual Report, other than the fir)ancial statements and our Report of the Audito￿ thereon.
Our opinion on the financial statements does not cover the other information and. except to the extent
otherwise explicitly stated In our reporL we do not express any fomi of assurance conclusion thereon.
In ¢onr￿tIOn with our audit of the financial ststements, our responsibility is to read the other information
and, in doing so, consider whether the Ottr￿r InfO￿natiOn is materially inconsistent with the financial
statements or our knowledge obtained in the course of the audiL or othe￿iSe appears to be materially
misstated. If we identrfy such material irKonsistencies or apparent material misstatements, we are required
to determine whether this gives rise to a rnaterial misstatemenl in the financial statements themselves. If.
based on the work V￿ have performed, we conclude that there is a material misstatement of this other
information, we are required to report that fact. We have nothing to report in this regard.
Oplnions on other matters prescrlbed by the Companles Act 2006
In our opinion. based on the work undertaken in the course of the audit:
the informatSon given In the Report of the Trustees for th8 financial year for which the financial
statements are prepared is conslstent with th8 financial statements; and
the Rewt of the Twstees has been prepar8d In accffdance ￿th applicable legal requirements.
Matt•r8 on whl¢h wo are roqulred to report by •xcoption
In the light of the knowledge and understandlng of the group and the charitable company and Its
envlronment obtained in the course of the 8udiL we have not identified material mlsstatements in the Report
of the Trustees.
We have nothing to report In respect of the followlThJ matters ￿re the Companles Act 2006 requires us lo
report to you if, in our opinion..
adequate accounting records have not been kept or retums adequate for our audlt have not been
received from branches not vlsited by us,. or
the financial statements are not in agreement ￿th the accountlng records and returns,. or
certain disclosures of trustees, remuneration specified by law are not made., or
we have not received all the Infom)ation arKI explanations we require for our audit,, or
the trustees were not entitled to take advantsge of the small companies, exemption from the requirement
to prepare a Strategic Report or in preparing the Report of the Trustees.
Re5ponslbilitl•8 of trustees
As explained more fully in the Statement of Trustees. Responsibilities, the trustees (who are also the
directors of the charitable company for the purposes of company18w) are responsible for the preparation of
the financial statements and for being satisfie(J that they give a true and fair view, and for such internal
control as the trustees determine is necessary to enable the preparation of financial statements that are free
from material misstatement, whether due to fraud or errff.
In preparing the financial statements, the directors are responsible for assessing the group's and charitable
company's ability to continue as a going con￿rn. disclosing. as applicable, matters related to going COn￿M
and using the going concern basis of accounting unless the trustees either intend to liquidate the chwitable
company or to ￿ase operations, or have rK) realistk alternative but to do so.
Page 9

Re ort of the Inde endent Auditor8 to the Members of
Lolcester Rldors Foundatlon
Authtorfs rmponslbllttles lor the audlt of tho financlal statsments
Our objectives are to obtain reasonable assurance about whether Ihe financial statements as a whole are
free from materlal misstatement, whether due to fraud or em)r. and to issue a Report of the Independent
Auditors that indudes our opinK)n. Reasonable assurance is a high Jevel of assurance, is not a guarantee
that an audit conducted in accordance with ISAS (UK) will always detecl a material misstatement when It
exists. Misstatements can arise from fraud or errff and are considered material rf, individually or in the
aggregate, they could reasonably be expected to infiuence the economic decisions of users taken on the
basis of these financial statsments. The capabilty to detect irregularitw is based on the auditor Mlentfying
and assessing the risks of material misstatement of the financial statements, ￿thether due to fraud or error,
and then designing and perfomiing audit procedures res￿nSIve to those risks. including obtsining audit
evidence that is sufficient and appropriate to provide a basis for our opinion.
The extent to which our procedures are capable of detecting irregulartties, induding fraud is detailed below.
Extent to which the audit was considered capabl• of ddectlng Irregularities. includlng fraud
The capability to detect irregularities is based on the auditor Klenlifying and assessing the risks of material
mi&statement of the financial statements, whether due to fraud or emy, and then designing and performing
audit procedures responsive to those risks. irbduding oblaining audtt evidence that is sufficient arKI
8ppropriate to Fyovide a basls for our opinKJn.
a) Identifying and assessing potentlal rfsks related to rregularities
In idenllfying and assessing risks of materlal misstatement in respect of irregularities, including fraud and
non-compliance with laws arKI regulatlons, the following apPr￿h was taken:
- Underst8ndir¥J the nature of the industy and sector, control emiironment and buslness perfonnance:
- Consfderation of the results of our enquiries of markqpment arKI those charged wllh govemance about
their own identificatron and assessment of the risks of Irregulari￿es,.
UrxlerslarKling the ¢ompanVs policies and procedures on compliance wlth laws and regulations and
management of fraud risk. induding dcKumentation of Instances of r￿n￿MplIance of laws and
regulations and instances of actual, suspected or alleged fraud,.
- ConsideratSon of matters dlscussed among the audit engagement team regarding how and wtrEre fraud
might occur in the financial statements and any potential indicators of fraud;
Understandir¥J the legal and regulatory frameworks that the entity operates in through enqulry of
management and those charged wtth govemance and understandlng its industry and
sector. The key laws and regulations that were conSide￿d to have an effect on material amounts and
disdosures in the financial statements included the Companies Act and tax legislat￿.
b) Audit response to risks identified
Based on this understanding, the following audlt procedures were design￿1 and perfo￿r￿d to respond to the
risks idenlified:
- Reviewing the financial statement dIS￿(￿￿reS and testing lo sup￿)rting documentatron to assess
compliance with applicable laws and regulations desixibed as having a direct effect on the financial
statement.
Enquiring of management, those charged with govemance and. where applicable, the entity's solicitors
On￿rnIng adual and potential litigation and claims".
- Performing analytical priwlures to identify any unusual or unexpected relationships that may indicate risks
of material misstatement due to fraud..
- Reviewing minutes of meetings of those charged with governan￿ and, where applicable, correspondence
with regulators,.
- Performing audit work over the risk of management override of controls. includiro testing of journal entries
and other adjustments for appropriateness and evaluating the business ralionale of Signif￿￿nt transaGtions
outside the rmjrmal course of business:
Communication of potenlial fraud rlsks to all engagement team members arKI remaining alert to any
Indlcations of fraud or non-cOmpl￿nCe with laws and regulatlons throughout the audlt.
Page 10

ort of tho Inde end•nl Audltorn to the Members of
Lelcester Rlders Foundatlon
Because of the inherent limitations of an audit. there is a risk that will not detect all irregularities, induding
those leading to a material misstatement in the financial statements w non<0mplian￿ with regulation. This
risk increases the more that compliance with a law or regulation is removed the events and transactions
reflected in the firk3ncial ststements. as we will be less likely to become aware of instances of non-
compliance. The risk is also greater regarding irregularities OCCUffing due to fraud rather than em)r, as fraud
involves intentional Concealm￿tt, forgery. collusion, omission OT misrepresentation.
A further descriptron of our responsibilities for the audit is located on the Financial Reporting CThJncil's
webslte aL' www.frc.org.ukJaudltorsresponsibilities. This descn'ption forms part of our Report of the Auditors.
Use of our report
This report is made solety to the charitable company's members, as a body, in accordance with Chapter 3 of
Part 16 of the Companffies Act 2006. Our audit work has been undertaken so that we might state to the
charitable company's members those matters we are required to state to them in an auditorfs reFx)rt and for
no other purpose. To the fullest extent pemiitted by law. we do not accept or assume responsibility to
anyone other than the charitable company and the charitable company's ￿MberS as a body, for our audit
work, for this rerx)rt, or for the opinions we have forn￿d.
Peter NlcKris FCA (Senior Stslutcry Auditor)
for and on behalf of Duncan & Toplis Audit Limited
Statutory Auditor
Park H￿se
37 Clarence Street
Leicester
Leicestershre
LE13RW
Date: ...........
Page11

Lel¢ester Rlders Foundation
Con8olld•ted Ststement of Flnanclal Actlvltles
ncor
ratln
an Income and Ex
enditure Account
for the Year Ended 30 November 2024
Year Ended Year Ended
30.11.24
30.11.23
Total
Total
funds
funds
Unrestricted Restricted
fund
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
33,522
39,754
73,276
129.352
Char•table actlvttles
Residential training schemes
Community projects
Fieldhouse
37,268
37.268
118,103
204.681
118,103
M.681
211,423
175,799
216,941
Other trading activities
Investment income
1.726,916
40,306
1.726,916
40,306
1,426,272
85.156
Total
2,123,528
77.022
2,200.550
2.244,943
EXPENDITURE ON
Raislng funds
1,763,477
1,763,477
1,641,684
Charltable actlvitie8
Residentlal trainlng schemes
Communlty projects
Fieldhouse
10,548
158,545
237,837
12,046
171,445
301.959
134.001
350.127
304.407
12,900
64,122
Total
2.170,405
78,522
2,248,927
2,430,219
NET ANCOMEI(EXPENDITURE)
Transfer between funds
{46,877)
(1.5￿)
(48,377)
{185.276)
Net movament In funds
{46.877)
(1.500)
(48.377)
(185.276)
RECONCILIATION OF FUNDS
Total funds brought forward
3.463.307
90,829
3.554,136
3.739.412
TOTAL FUNDS CARRIED FORWARD
3,416.430
89,329
3,505.759
3.554,136
As pemiltted by Section 408 of the Companies Act 2006, the Statement of Financial ActivitSes of the parent
company is not presented as part of these financial statements.
CONTINUING OPERATIONS
All income and expenditure has arisen from continuing activltles.
Page 12

Lelcester Rlders Foundatlon
Consolldated Balance Sheat
30 November 2024
30.11.24
Total
furKIs
Unrestricted Restricted
fund
furKIs
30.11.23
Total
funds
FIXED ASSETS
Tangible fixed assets
13 7,204,248
7.204,248
7,206,888
CURREKfASSEf8
Stock
23,013
639,493
96,356
23,013
730,322
100,972
15.000
336,504
$4,117
Cash at bank and In hand
90,829
4,118
CREDrroRS
Amounts falling due within one year
758,862
95,445
854,307
405.621
17 (1,806,180)
(6.116) (1.812.296) (1.555.454)
NET CURRENT LIABILrriES
(1,047.318
89.329
957,989
(1.149,833)
TOTAL ASSETS LESS CURREKr
LIABILMES
6,156,930
89.329
6,246,259
6,057.055
CREDITORS
Amourrts falling due after more than one year 18 (2,740.500)
(2,740,500) (2,502.920)
NEf ASSErs
3.416,430
89,329
3 505,759
3 554 136
FUNDS
Unrestricted funds
Restrkted funds
22
3,416,430
3.463,307
TOTAL FUNDS
These financlal statements have been prepared in accordance with the provlslons applicable to charitable
companies subject to the small companies regime.
The fi
I statements were approved by the Board of Tn￿leeS and authorised for issue on
.. and were signed on its behalf by:
Routledge -
rustee
Page 13

Lelc•ster Rlders Foundatlon
Com
an BaL￿e Sheet
30 November 2024
30.11.24
Total
funds
30.11.23
Total
furKIs
fund
funds
Noles
FIXED ASSErs
Investments
14
CURREKf A8SErs
Debtors
Cash at bank and In hand
16
482,182
6,360
90.829
6,116
573,011
330,996
23,202
488,542
96,945
558,487
354,198
CREDrroRS
Amunts falling due wtthin one ye
17
(202,636)
(6,116)
{208,752)
(268,472)
NEf CURRENT ASSETS
287,405
376.735
85,726
TOTAL ASSETS LESS CURRENT
LIABILITIES
287,406
89,329
376,736
85,727
CREDITORS
Amounts falling due after more than one year 18
(167,710)
{167.710)
(24,241)
NEf ASSETS
119.696
89,329
209,026
61,486
FUNDS
Unrestricted funds
Restricted funds
22
119.696
89,330
{29,343)
90.829
TOTAL FUNDS
209,026
61,486
These financial statements have been prepared in acciwthnce with the provisions applicable to charitable
companies subject to small companies regime.
The fi
I statements were approved by Ihe Board of Trustees and authorised for Issue on
10.IS.................. and were slgned on Its behaff by:
Routiedge - Trustee
Page 14

Leicoster Rlders Foundatlon
Consolklated Cash Flow Statemont
for tho Year Ended 30 November 2024
Year Ended
Year Ended
30.11.24
Notes
30.11.23
Cash flows from operatlng activitles
Cash generated from Opera￿nS
Interest paid
(49,506)
12,696
338.055
Net cash (used inyprovided by operating activities
Cash flows from 5nvestlng actlvitles
Purchase of tangible fixed assets
Flnanco incom
299,682
(121.116)
28
{393.733)
Net cash (used inyprovided by Investing a(Aivitles
121.088)
393,732)
Cash kn from flnanclng actlviti08
Naw loans in year
Loan and other repayments In year
Net cash (used inywovided by financing activities
335,0
97.630
291,000
169,872
237.370
121.128
Chango In cash and cash equivalonts
In the reporting perlod
Cash and cash •qulvalents at the
b•glnning of the reportlng porfod
Cash and cash •qulval•nts at the ond
of tho reporting perlod
54.080
27,078
100,972
46.892
Page 15

Lelcestor Rlders Foundation
Notes to th• Consolidated Cash Flow Statement
for the Y•ar Ended 30 November 2024
RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTMTIES
Year Er￿ed Year ended
30.11.24
30.11.23
N•t Income for the r•porting perlod (a8 per tha Statement of
Flnanclal Activit1￿)
Adjustm•nts for.
FinarKe income
Finan￿ costs
{48.377)
(185.276)
(28)
12,696
(1)
38.373
Depreciatlon charges
Increase in stocks
(Increaseydecrease in debtors
Increasel{decrease) in (xeditiys
124,296
(8,013)
(393,818)
263,378
131,119
1,250
(32,372)
384,962
Net cash {u8od In)Iprovlded by 0￿ratIOnS
338,055
ANALYSIS OF CASH AND CASH EQUIVALENTS
30.11.24
30.11.23
Cash in hand
Notice deposts (less than 3 months)
Overdrafts induded in bank loans and overdrafts falling due within one
year
10,455
97.413
4,872
49.245
Total cash and cash equivalents
100,972
46,892
ANALYSIS OF CHANGES IN NEf DEBT
At 1.12.23
Cash flow
At 30.11.24
cash
Cash at bank arnl in hand
Bank overdraft
54,117
7.225)
53,751
107,868
46,892
54.080
100,972
Debts falllng due withln 1 year
Debts falling due after 1 year
(435.001)
(1.297,239)
(20,562)
70.175
{455.563)
{1,227.064
(1,732,240
49.613 (1,682 627)
Total
(1685,348)
103,693 (1,581655)
Page 16

Lelcester Rlders Foundatlon
Notes to the Flnandal Statements
for the Year Ended 30 November 2024
STATUTORY INFORMATION
Leicester Riders Foundation is a private company, Ilmlted by guarantee, registered in England and
Wales. The registered number and registered Offi￿ address can be found in the Report of the Trustees.
The members, currently only the trustees, are liable to contribute an 8mount not exceeding £10 each
towards the liabilities of the charity in the event of insolvency.
ACCOUNTING POLICIES
Basis of proparing 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 Practi￿ 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),. Financial Reporting Standard 102 'The Financial Reporting Standard
applicable in the UK and Republic of Ireland, arKI the Companies Act 2006. The financial statements
have been prepared under the historical cost convention, with the exception of investments which are
included at market value.
Going Concem
The group incurred a net deficit of £48.377 in the year ended 30 November 2024, however. it continues
to maintain a healthy net asset balance of £3,505,759 as shown In the balance sheet on page 13.
Due to the nature of its business, the group is affected by volatillty In In￿Me. which in turns creates
challenges for short-term cash management as reflected by its net current Ilabilities of £957,989.
As at 30 November 2024, the group managed its financing requirements through a mixture of bank
loans amountlng to £70,458, other loans amounting to £2,390,203 including from 8 trustee.
The group has hlstorically met its capital and interest repayments, and the trustees are satisfied that
the group's latest financing position will enable it to contlnue meeting all obligations as they fall due. In
line with this, the trustees, latest discussions with its lerKlers have ralsed no issues of concern.
The trustees concluded, based on the above, that uncertainties exlst that casts some doubt on the
group's abillty to continue as a going concern and that, therefore, the group may be unable to realise
its assels and discharge its liabilities in the normal course of business. However, the trustees have a
reasonable expectation that the group hss adequate resources to continue In operational existence for
the foreseeable future and so continue to adopt the going concem basis of accounting in preparing the
financial statements.
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 s￿￿ 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 c18ssified under headrngs that aggregate all cost related to the category.
Where costs cannot be directly attributed to parttculsr headings they have been allocated to activities
on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the yearend date are noted as a
commitment but not accrued as expenditure.
Page 17

Lelcester Rlderg Foundatlon
Notes lo the Flnancial Statements
for the Year Ended 30 November 2024
Allocatlon and apportionment of costs
Expenditure irKurred on support costs are allocated to activities based on management Ilm8 spent.
Remaining costs are allocated equalty between charitable activities.
Tanglble fixed ass￿8
Depreciation is provided at the followi￿ anwal rates In order to write off each asset over ts
estimated useful lrfe.
Leasehold propety
Plant and machinery
Fixtures and fthings
Mot(* vehicles
Computer equipment
1% on cost
20% on reducing balar￿e
15% on re(lucing balances
25% on cost
33% on cost
Taxatlon
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted funds Can be used In accordance with the charitable obiectlves at the discretion of the
trustees.
RestrKled funds can only be used for partKular restricted purposes wlthin Ihe objects of the charity.
Restrictions arise when speclfied by the donor or when fvnds are ralsed for particular restrlcted
purposes.
Further explanation of the nature and purpose of each fund is included in the not8S to the financlal
statements.
Hlrn purchase and l¢a8ing commitments
Rentsls pald under operating leases are charged to the Slatement of Finarthl Activitie8 on a straight-
line basls over the period of the lease.
P•nslon costs and othor po8t-retlr•ment benef
The charitable company opwates a defined contri￿tIon pension scheme. Contributions payable to
the charitable company's pension scheme are charged to the Statement of Financial Acthifties in the
perK)d to which they relate.
Donated goods
Donated goods. facilities and serdices are recognised when t￿￿ charity has control over the items, it is
probable that economrcs benefrts will flow to the chwty and the value can be reliably measured.
If it is impractical to measure fair value of goods donated for resale or rf the costs of valuation
outweigh the benefft to users of the aCC￿nts and the charity of this inforniation, the donated goods
are recognised WI￿ they are sold.
Govarnment grants
Government grants are ￿ognISed in aC￿rdan￿ with the perfomiance model.
Page 18

Lolcester Rid•rn Foundation
Notes to the Flnanclal Stat•monts - ¢ontlnued
for the Year Endod 30 Novwnbor 2024
ACCOUNTING POLICIES - continued
Investment8
Investments in subsidiary undertakings we recognised at cost.
Stocks are valued at lower of cost and estimated sejling price less costs to sell on a first in first out
basls.
Debtors
Short tenn debtors are measured at transaction pri￿, le8s any Impairmerrt. Loans recelvable are
measured inibally at fair value, net of trartsaction costs. and are measured subsequently at amortis8d
cost using the effective rate of interest method, less any impainnenL
Creditor8
Short term creditors are measured al transaction price. Other financial liabilities, including bank
loans. are measured Inrtlally at fair value. net of transaction costs, arKI are measured subsequentty at
amorlised cost using effectlve interest method.
Page 19

Lelcestsr Rkler8 Foundation
Notes to the Flnancial Statements - ¢ontinued
for the Year Ended 30 Novemb•r 2024
DONATIONS AND LEGACIES. GROUP
Year Ended Year Ended
30.11.24
30.11.23
Donations
Grants
33,522
39.754
39,220
90,132
129,352
Govemment grants of £10.743 (2023: £41,532) are induded within grants which are not subject to
any corKliknons.
Grants receNed, included in the above. are as followE:
Ye8r Ended Year Ended
30.11.24
30.11.23
Asian Sports Fund
BBC
Local Apprenticeship Programme
LelceStershI￿ County Council
Pollce and Crlme Commissioner for Lelcestershire
Mencap
Mighty Creatlve
The Basketball Foundatlon
Streetgames
Apprenti￿Ship
St Philips Centre
One Team Leicester p￿vent Projecl
Access Reach Fund
Friday Night Hoops
Oadby & Wigston Borough Council
House of Commons
People in Development
HAF- LCC
1.700
500
2,200
19.745
1,667
5,900
500
13.000
19.800
2,222
1,900
6,000
9.000
11,000
1.111
4,000
474
5.000
15,646
8.521
90,132
Page 20

Lekestar Rlders Foundatk•n
Notes to tho Flnancial Statèments - eontinued
for the Ythqr Ended 30 November 2024
OTHER TrADING ACTIVITIES- GROUP
Year Ended Year Ended
30.11.24
30.11.23
Court hire
Food and beverag8S
Arena sponsorship
Other income
Ticket agency fees
Fundraising events
Sponsorships
582,441
916,686
53,440
108,299
58.935
7.115
564,967
733,024
36,200
15,401
41,412
5.860
15,000
1,726,916
1.426,272
INVESTMENT INCOME - GROUP
Year Ended Year Ended
30.11.24
30.11.Z3
Rents received
Solar feed Income
Deposit account interest
40.278
48,856
36,299
28
INCOME FROM CHARITABLE ACTIVITIES- GROUP
Year Ended Year Ended
30.11.24
30.11.23
Residentlal
training
Communty
projects
Total
activities
Total
actlvities
Fleldhouse
Student rent
contributions
Coaching and dasses
Contributions from
attendees
Grants
Court Hire
Camps
Junlor Natlonal League
All stsr camp
204,681
204,681
216.941
33,513
33,513
67.200
37,268
9.106
202,317
3,625
51,758
53,216
37.268
540
22.825
38,870
22,355
540
22,825
38.870
37,268
118 103
204,681
360,052
604,163
Page 21

Lel¢ester Rldeys Foundation
Notes to the Flnanclal Statsmants - continuad
for the Year Ended 30 November 2024
INCOME FROM CHARrrABLE ACTivrfiES- GROUP- continu
Grants receFved, included in the above, are as follows:
Year Ended Year Ended
30.11.24
30.11.23
Ingeus
LCFC in Community
Erasmus
Turing
NCS
10,148
105,279
86,890
37,268
RAISING FUNDS- GROUP
Ralslng donations and legacl•s
Year ErKled Year Ended
30.11.24
30.11.23
Fundraising events
9,515
2,957
515
Other tradlng actlvities
Purchases
Wages
Social securlty
Pensions
Other operating costs
Depreciation
Leasehold propety
Flant and machlnery
Fixtures and fttings
Computsr equipment
Interest and finance charges
662.766
308.337
37,731
8,371
488,041
580,871
321,059
36,459
7,853
487,825
73.287
7,472
29,705
13,292
131,518
73,155
8.168
34,242
15,554
1,763,477
1,841,684
Page 22

Lelcester Rldors Foundatlon
08 to the Flnanclal Statements - contlnuod
f r the Year Ended 30 Novemb•r 2024
CHARITABLE ACTIVMES COSTS- GROUP
Grant
funding of
activities
Support
costs (see
note 9)
Direct
Costs
Totals
Residential trainlng schemes
Community tyojects
Fieldhouse
3.000
35,136
235,240
9,046
136,309
66.719
12,046
171.445
301.959
273,376
212,074
485,450
SUPPORT COSTS- GROUP
Support
team
Finance
Govemance
costs
Overheads
Totals
Resldentlal training
schemes
Communty projects
Fieldhouse
2,116
6.348
4,232
2,373
7,121
4,747
4,557
13,671
9,113
109,189
48,627
136.309
66.719
Page 23

Lelcester Rld•rs Foundatlon
Notes to Ihe Flnanclal Statements - contlnued
for the Year Ended 30 November 2024
SUPPORT COSTS- GROUP- ¢ontlnu
tlvlty
Support team
Flnance costs
Overheads
Govemance costs
Basls of allocation
According to relevant proportion of tlme spent
According lo relevant proportion of time spent
According to relevant proportion of time spent
According to relevant proportion of time spent
10. NET INCOMEI(EXPENDITURE). GROUP
Net Incomel{expenditure) is stated after chargingl(crediting):
Ye* Ended Year Ended
30.11.24
30.1123
Audltors, remuneratlon
11. TRUSTEES. REMUNERATION AND BENEFITS- GROUP
There were no trustees, remuneration or other benefits for the pericxl ended 30 November 2024 rK)r
for the year ended 30 November 2023.
T￿￿to•s. •xp•nse8
There were no trustees, expenses pald for the perfod ended 30 November 2024 nor for the year
ended 30 November 2023.
12. STAFF COSTS- GROUP
Year Ended Year Ended
30.11.24
30.11.23
Wages and salaries
Social securlty costs
Other pension costs
554,687
52.848
698,857
56,227
13.374
Page 24

Leicester Rlders Foundation
Note8 to the Financlal Statements - contlnued
for the Year Ended 3
ovember 2024
12. STAFF COSTS- GROUP- continued
The average monthly number of employees during the period Was as follows:
Year Ended Year Ended
30.11.24
30.11.23
16
18
13
12
43
Other trading activitles
Residential training scheme
Support team
33
The number of employees whose employee benefrts (excluding employer pension costs) exceeded
£60.￿0 was:
Year Ended Year Ended
30.11.24
30.11.23
£60,001- £70.000
The expense recognlsed In the statement of financial actfvitles for defined penslon contrlbutlon plans is
£3.298. The expense ts allocated belween activities and funds on the basis of work perf￿Med by the
empknyees &ro8s the categories.
Remun8r8tion paid to key management personnel ¢Jurlng the year was £13,322 (2023 - £36,388).
Page 25

Lelcestsr Rlders Foundatlon
Not88 to the Flnanclal Statem•nts - Contlnuad
for Ihe Year Ended 30 Nov•mber 2024
q& TANGIBLE FIXED ASSEfs. GROUP
Flxtures
and
fittI￿s
Leasehold
propety
Plant arKI
machinery
COST OR VALUATION
At 1 December 2023
Additions
Dlsposals
7,331,905
29,688
59.679
20.835
639,372
70,593
At 30 November 2024
7,361.593
80,514
709,965
DEPRECIATION
At 1 December 2023
Charge for year
Eliminaled on disposal
432,356
73,287
15,557
7,472
421,194
29,705
At 30 November 2024
505,643
23,029
450,899
NET BOOK VALUE
At 30 November 2024
6.855,950
57.485
259,066
At 30 November 2023
8,899.549
44,122
218,178
Motor
vehicles
Computer
equipment
Totals
COST OR VALUATION
At 1 December 2023
Additions
Disposals
49,261
158.199
8,238.417
121,116
At 30 November 2024
49.261
158,199
8,359 533
DEPRECIATION
At 1 December 2023
Charge for year
Eliminated on disposal
49,261
113.161
13.292
1,031.529
123,756
At 30 November 2024
126,453
1.155.285
NET BOOK VALUE
At 30 November 2024
31,746
7,204,248
At 30 November 2023
45,038
The Leasehold property has been pledged as security.
Page 26

Leicester Riders Foundatlon
Notes to the Financial Statements - continu
for the Year Ended 30 November 2024
1￿ FIXED ASSET INVESTMENTS- COMPANY
Shares in
group
undertakings
MARKET VALUE
At 1 December 2023 and 30 November 2024
NET BOOKVALUE
At 30 November 2024
At 30 November 2023
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
following..
L•l¢estor Communlty Sports Arena Limltod
Registered office.. 12 Memory Lane, Leicester, LE13UL
Nature of business.. Operation of a sports arena
Class of share:
Ordinary
holding
100
30.11.24
30.11.23
Assets
Liabilities
Capital and reserves
Turnover and other operating income
Expenditure
ProfiV{loss)
7,835,186
4,538,448
3,296,738
1,838,576
1,784,518
54,086
7,376,657
3,884,005
3.492,652
1,569,067
1,665.499
96.432
15. DEBTORS.. AMOUNTS FALLING DUE WITHIN ONE YEAR- COMPANY
30.11.24
30.11.24
Trade (lebtors
Amounts owed by group undertakings
Other debtors
Prepayments and accrued income
21,816
367,455
179,142
4,598
45,507
118,347
166,786
357
573.011
330,996
15. DEBTORS: AMOUNTS FALLING DUE MTHIN ONE YEAR- GROUP
30.11.24
30.11.23
Trade debtors
Other debtors
Prepayments and accrued income
135,779
568,142
26,401
53.746
274,403
8,355
Page 27

Lelca8t•r Rldern Foundation
Notes to th• Flnandal Statanonts . ¢ontlnued
for the Year Ended 30 November 2024
16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR- COMPANY
30.11.24
30.11.23
Bank loans and overdrafts (see note 18)
other loans {see note 18)
Trade creditors
Social security and other tsxes
10,277
38,385
65.645
46.753
1.224
12,250
34,219
17,248
60,200
74,073
63,439
1.096
8.250
44,166
Rent deposlts
Accruals and defeffad income
208,752
268,472
Accruals and delerred Income Includes deferred Incorr￿ of £17,220 (2023- £32,387).
Defetred income indudes grants recelved in advance of achlevlng perfom)ance related conditions of
£6.116 {2023 - £15.469).
The remainiro deferred income consists of income recelved for deliverlng servlces that take place
following the year end.
16. CREDrroRS: AMOUNTS FALLING DUE MTHIN ONE YEAR- GROUP
30.11.24
30.11.23
Bank loans and overdrafts (see note 18)
Other loans (see nole 18)
Trade creditors
Social security and other taxes
VAT
Other creditors
Rent deposits
Accruals and deferred income
40.242
475,251
579,963
163,045
204,561
269,305
12.250
67,679
181,430
260,796
530,138
191,381
101,060
218.141
8.250
64,258
1812,296
1555 454
Accruals an(J deferred Income Indude deferred income of £17,220 (2023 - £32,367).
Deferred Income Includes grants received In advance of achieving perf0m￿nCe related condltlons of
£6,116 (2023 - £15,469).
The remaining deferred income conslsts of Income received for dellvering services thal take place
following the year end.
17. CREDrroRS: AMouKfs FALLING DUE AFfER MORE THAN ONE YEAR - COMPANY
30.11.24
30.11.23
Bank loans (see note 18)
Other lo£ns (see note 18)
13,998
24,241
167710
Page 28

Lelc•8tsr Rlders Foundation
Notes to tho Financlal Statemants - ¢ontinued
for the Year Endod 30 November 2024
17. CREDrroRS: AMouKfs FALLING DUE AFfER MORE THAN ONE YEAR- GROUP
30.11.24
30.11.23
Bank loans (see note 18)
Other loans {see note 18)
Other creditors
30,216
1,196,848
1,513,436
107,662
1,189,577
1,205 681
2,740,51X)
2,502.920
Amounts falling due In more than five years".
Repayable by Instalments
Olher loans
457,377
603.817
Included in other creditors are loans totalllng £7,175,481 (2023.. £1,175,481) ￿1¢h are Interest free and
repayable wlth a minimum of 53 weeks, notice.
LOANS- COMPANY
An analysls of the maturity of roar￿ is glven below:
30.11.24
30.11.23
Amounts falllng due within one year on demand:
Bank loans and overdrafts
Other loans
10,277
38,385
17,248
60.200
48,662
77,248
Amourrts falling between one and Iwo years:
Bank loans - 1-2 years
Otr￿r loans - Repayable in 1-2 years
10,536
10,277
48,015
10.277
Amounts falllng due between two and five years:
Bank loans - 2-5 years
Other loans - Repayable In 2-5 years
3,462
116232
13,964
Page 29

Lelc•st•r Rlder8 Foundatlon
N tes to the Flnanclal Stat•ments - contlnugd
r the Y￿r Ended 30 November 2024
18. LOAN8- GROUP
An analysis of the maiurity of loans is glven below:
30.11.24
30.11.23
Amounts falling due within one year on demand..
Bank overdrafts
Bank loans
Other loans
7.225
174,205
260,796
40.242
475,251
515493
442,226
Amounts falling between one and two yews:
Bank loans - 1-2 years
Other loans- Repayabje in 1-2 years
26,754
183,919
70,677
146,440
210.673
217,117
Amounts falling due between two and fwe years:
Bank loans- 2-5 yews
Other loans - Repayable in 2-5 years
3.462
555.552
36,985
439,320
476,305
Amounts falllng due in more than 5 years:
Other loans
457,377
603.817
457,377
603.187
19. SECURED DEBTS- GROUP
The following secured debts are included within creditors."
30.11.24
30.11.23
Other loans
37.955
68,288
68.288
The Other loans are secured by a fLxed charge over the leasehold propety and a floating charge over
all other assets.
20. OTHER FINANCIAL COMMITMENTS- GROUP
company has a financial commilmert not included In the balance sheet, of £4,700.000 (2023:
£4.740.000).
This represents the ground rent payable, at £40,000 per year, under a lease whlch expire8 on 3
December 2140.
Page 30

Lelcestsr Rldars Foundatlon
to the Flnanclal stateme￿ - contlnued
for Ihe Year End•d 30 November 2024
21. MOVEMENT IN FUNDS. COMPANY
Prior
year
adjustment
Net
movement
In funds
At
30.11.24
At 1.12.23
Unrostrlctod fund8
General fvnd
(29,343)
149,040
119,696
Restrlcted fund8
BBC Children in Need
National Citizen Service
Carry a Basketball not a Blade
Tackling Inequalities
National Lottery
SpcKt England
Big Issue
Mighty Creative
lencap
LCC
Erasmus
Slreetgames
Ingeus
1,000
27.488
1,500
3,400
1.700
2,500
5,000
13.000
1.975
7,758
1,500
13,860
1,000
27.488
1.500
1.700
5,000
13.000
1,975
7.758
(1,500)
13,860
TOTAL FUNDS
147,540
209,026
Net movement in funds, Included in the above are as follows:
Incoming
resourGgs
Resources
expended
Movement
in funds
Unrestrlctod funds
General fund
653,698
{504.658)
149,040
Restrlcted funds
App￿ntICeship
Leicestershire Police - Hoops
HAF- LCC
St Philips Centre
One Team Leicester Prevent Project
Access Reach Fund
Friday Night Hoops
National Cl￿zen Service
Erasmus
1,900
2,222
8,521
6,000
9.000
11,000
1,111
37,268
(1,900)
(2.222)
(8,521)
(6,000)
(9,000)
{11,000)
{1,111)
(37,268)
1,500)
1,500
1.500
TOTAL FUNDS
730,720
147,540
Page 31

elcest r Rld•r8 Found lon
Notes to
he Flnan¢lal Stat•m•nts - ¢ontlnued
for th Y•ar End￿ 30 Novemb r 2024
21. MOVEMENT IN FUNDS- COMPANY- contlnuod
Comparatives for movemont in funds
Prior
year
adjustment
Net
movement
In funds
At
30.1123
At 1.12.22
Unre8trlct•d funds
Genwal fund
120,975
{150,318)
(29,343)
Rostricted funds
BBC Children in Need
National Citizen Service
Coach Core
European Social Fund
Carry a Basketball not a Blade
Tackling Inequalities
Natlonal Lottery
1,000
15,339
(6,376)
(11,330)
1,500
3,400
11149
6,375
11.330
27.488
1,500
P. li
Sport England
Blg Issue
Mlghty Creatlve
Mencap
LCC
Erasmus
Streetgames
Ingeus
1,700
2,500
5,000
13,000
1,975
7,758
1,500
13,860
10,148
1,700
2,500
5,000
13,000
1.975
7,758
1,500
13,860
29,854
80,975
TOTAL FUNDS
61,486
Page 32

L•lce8ter Rlders Foundatlon
Notes to th• Flnanclal Statements - contlnued
for tho Year Ended 30 Novomber 2024
Comparative net movement in funds. included in Ihe above are as follows".
Incomlng
resources
Resources Movement
expended
in funds
UnrOBtrlctod funds
General fund
500,246
{592,664)
{92,418)
R08trleted funds
Erasmus
Streetgames
BBC Chlldren In Need
Nalfonal Cltlzen Service
Coach Core
European Social FurKI
Tackling Inaqualitles Fund
Hardship Fund
Mighty creattve
Apprenticeship
113,287
19.800
500
(111.787)
(5,940)
1,500
13,860
500
(14,661)
(6,375)
(11.330)
1,700
(14.661)
(6.375)
(11,330)
1.700
(3,000)
(500)
{2,200)
(4.425)
(13,000)
{87.987}
(4,000)
{1,667)
(474)
(19,745)
(5,000)
{9,388)
2,200
5,900
13,000
87,987
4,000
1,667
474
19,745
5,000
15,646
10,148
1,475
British Basketball League
Turing Florida
Oadby & Wigston BOr￿gh Council
Leicestershlre Pollce - Hoops
House of Commons
Lekester Cty in the Communlty
People in DevelopffEnt
LCC
Iw6u8
6,258
301479
3.075
TOTAL FUNDS
89,343)
Page 33

Lolcester Ridws Foundatlon
Notes to the Flnanclal Statements . Contlnued
for the Year Ended 30 Novomber 2024
21. MOVEMENT IN FUNDS- GROUP
Net
movement
in fUr￿S
At
30.11.24
At 1.12.23
Unrestrlcted funds
General fund
3,463,307
(46,877) 3,416,430
Restrlcted funds
BBC Children in Need
Natlonal Citizen Service
Carry a Basketball not a Blade
Tackli￿ Inequaliti88
Nalional Lottery
Sport England
Blg Issue
Mighty Creatlve
Mencap
LCC
Erasmus
Turing Florlda
Streetgames
Ingeus
1,000
27,488
1,000
27,488
3,400
1,71)0
2,500
5.000
13.000
1,975
7,758
1,500
3,400
1,700
2.500
5,000
13,000
1.975
7,758
(1,500)
{1,500)
13,860
10.148
13,860
10,148
89,329
TOTAL FUNDS
3,554.136
48.377
3.505,759
Page 34

hLd¢o8t¢r Rld r8 Foundatlon
Notes to the Flnan¢ial Statemonts - ¢ontlnued
for th• Year Ended 30 Nov•mb•r 2024
21. MOVEMENT IN FUNDS- GROUP- contlnued
Net movement in funds, included in ￿ above are as follows:
Incomlng
Resources Movement
resources expended
In fuThJs
Unrestrlcted funds
General fund
2.123.528 (2,170,405)
(46.877)
Restricted funds
Apprenti
LCC
pd
(1,900)
(25)
(2,222)
{8,496)
(6,OlX))
(9,¢)00)
(11,000)
{1,111)
(37.268)
(1.500)
25
2.222
8,496
6.000
9,000
11.000
1,111
37,268
St Philips
One Team
Access
FrKlay
National Citizen Services
Turiw Florida
{1.500)
77,022
78.522
1.500
TOTAL FUNDS
Page 35

Lelcester Rldo
Foundatlon
Not￿ to the Flnanclal Statements - ¢ontlnued
for the Yèar Ended 30 Novembor 2024
21. MOVEMENT IN FUNDS- GROUP- contlnued
Comparativos for movemont In funds
Net
movement
In fvnds
At 1.12.22
30.11.23
Unrestrlctod funds
General fund
3,651,658
(188,351) 3.463.307
Restrfct•d funds
BBC Children in Need
National Citizen Service
Coach Core
European Social Fund
Carry a Basketball not a
Blade
Taokling Inequalities
National Lottery
Sport England
Big Issue
Mighty Creative
Mencap
LCC
Erasmus
Streetgames
Ingeus
500
42,149
6,375
11.330
1.000
27.488
(14.661 }
{6,375)
{11,330)
1,500
1,700
1.700
2,500
5,000
13,000
500
1.500
1,500
1,700
1,700
2.500
5,000
13.0(X)
1.975
7,758
1,500
13.860
10,148
1.475
6,258
1.500
13.860
10,148
TOTAL FUNDS
Page

Lelcest•r Rlders Foundallon
Notes to the Flnancial Statements . contlnued
for the Year Ended 30 Novembor 2024
21. MOVEMENT IN FUNDS- GROUP - continued
Comparative net movement in funds, included in the above are as follows."
Incoming
resources
Resources
expended
Movement
in furKIs
unr￿trICted fund8
General fund
1,940,388 (2,128,739) (188.351)
Re8trfcted fund8
Erasmus
Streetgames
BBC Children in Need
National Citizen Service
Coach Core
European Sooial Fund
Tacking Inequalities Fund
Hardship Fund 2022123
Mlghty Creative
Apprentlceship
Meilcap
British Basketball League
Turing Florida
Oadby & Wigston Borough Councll
Leicestershire Police
House of Commons
Leicester City in the Community
P￿pIe in Development
LCC
Ingeus
113,288
19,800
500
(111.787)
(5.940)
1,500
13,860
500
(14.661)
(6.375)
(11.330)
(14,661)
(6,375)
(11,330)
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
{3,000)
(500)
(2.200)
(4,425)
(13.000)
(87,988)
(4,000)
(1.667)
(474)
(19,745}
(5,000)
(9,388)
1,475
6,258
10,148
304,555
301,480
3.075
TOTAL FUNDS
2,430,219
2,244,943 ￿ ￿185 276)
Page 37

L•icest¢r Rlders Foundation
Notes to th• Financlal Stat•ments - contlnued
for the Year Ended 30 November 2024
21. MOVEMENT IN FUNDS
Dota118 of Restrlcted funds
Stro•t games
Street Garnes are a national charty that secures fvnding to promote physical activty amongst
disadvantaged communities. It used the Foundation to address delivery commitments they made in
Leicester.
Tackling In•qualitles Fund
This is a fund particularfy basically targeting mirK)rity groups, in this case lo FYovi(le a socia Se&%￿n
where South Asian women meet together and play some baskelball un￿Vered and feel safe to do so.
Apprentlceship
Funding provided by a training partner to take on full-time apprenti￿ to gain a qualification as a
Community Activator Coach ApprentKe L2.
Turlng Florida
Turi￿ is replacement for Erasmus programme funding after UK left European Unlon. It allows
yOu￿J athletes to go abroad and play swt wlth other youngsters and share cultures and experfences.
Oadby & Wlg8ton Borough Councll
FouThlatlon staff provide activlties in basketball for y¢)ung people Identiried ty the Dislrlct Councll on
weekly basis, as part of the Foundation's Positive Futures wogramme.
Ld¢estershlro Pollce
Police Identlfied a number of challenged groups of youth for the Foundatlon to provlde diverslonary
activitles using basketball as the main activity but with other leaming opportunlties induding
interactlons with players.
House of Commons
Funded trip for young people Involved in Foundation's progrdmmes to visit the Houses of Parllament
Peopl• in development
This project provides posrtive activities and sporting opportunities USI￿ baskelball to promote health,
wellbeing and education opportunities and physical activty, as wdl as community engagement and
cohesion.
Erasmus
European Union funded programme to allow young athletes to experience other cultures.
BBC Chlldren in Need
A project to help disabled children and young people in Leicester to have improved health and well-
being.
National CStlz•n Servlce
A Governmer•t scheme targeted at students to undertake Gommunity enga￿rnent activities to twlld
understanding of their responsibilities as citizens.
Coach Coro
Apprenticeship scheme with councils and Leicestershire & Rutland Sport.
European Social Fund
A pro￿ to facilitate upwaril soc￿1 mobilty for disadvantaged young people from deKYwed areas of
Leicester through supporting them to get and retain meaningful employment.
Page 38

Le1c￿ter Rlders F undatlon
Notes to the Flnanclal Statem•nts kn continued
f rtheye
r Ended 30 Nov
ber 2024
Ighty Creatlve
This project was ftjnded by national govemment to aid in the recovery of specified communftles from
Covid. It provided fundlng to speclffc crtles via a London creative agency to engage young people In
sport and culture activltles, including rewar(Ilng them for reengagement and the most creatrve inftiatives.
The Momlngslde Aren8 and the Foundalion was a key centre for this project in Lelcester.
Moncap
MerKap is a charlty supportlng those wlth a leaming disabli ty. The Foundatlon has set up a number of
sesslons specSfically for those young people wfiich have proved Immensely popular wlth the young
people and their parents. The sessions are golng to be expanded in temis of frequency and scope.
Unlted Leicester
UL is a partnershlp wlth Leicester City In the Communlty, Leicester Tigers Foundation and the
communty arm of Leicestershire County Cricket. We have secured a number of small grants from the
Premier League Foundatlon, the NHS arKI from Everards charlty to undertake actlvltles with young
people.
LCC
This contract 18 to provide holiday activty camps alongside food wovi81on for the most disadvantaged
young people who qualfy for free school meals. A simllar contract has recently been won for the County
Council.
Hardship Fund
Our Foundation Is 8ccessed by some of the most disadvantaged communlties in Lel¢ester and
Leicestershlre. Some of the young people can afford only a small or no contributlon to running costs
and may not have access to suitable footwear. We have set up a number of funding inltlatives to provide
services lo these young people at no cost and to provlde donated materials, Including playing boots.
One Team Lelcoster
The alm of our One Team Leicester (OTL) project Is to engage vulnerable and at-rlsk young males aged
16-25. in challenging conversation directly focusing on extremlsm and radlcalisation ￿th support from
Leicester Cty Council and the Prevent project.
Access Reach Fund
The F￿ndatIOn was able to secure a grant from Access Reach via their partner the Big Issue. which
helped with the business planning process induding assessing return on capital invested.
Frfday Night Hoops
This project is a local community Interventlon to provide basketball as a diversionary activity.
British Basketball Leag•
The league secured funding vl8 the Basketball Foundation to understand and Improve the governance
of aub Foundations.
Page 39

L•l￿ter Rlders Foundatlon
Notes to the Flnanclal Statements - continued
for the Year Ended 30 November 2024
RELATED PARTY DISCLOSURES
The charftable company has taken advantsge of exemptlon, under the terms of Financial Reporting
standard 102 'The Financial Reporting Standard applicable In the UK and Republic of Ireland,, not to
disclose related party transactrons with wholly owned subsldlaries within the group.
During the perlod, the charty made a loan of £12,524 to Lelcester Basketball Limited, a company
controlled by two of the trustees. The total balance outstanding Is £178.765 (2023: £166.241). 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 (2023: £1,175,481). The
loan Is interest free and repayable with a minimum of 53 weeks, notice.
Page 40

L•lcester Rldern Foundatlon
Consolldated Dotailed Stat•ment of Flnancial Activltles
for the Year Ended 30 November 2
Year Ended
30.1124
Year Ended
30.11.23
INCOME AND ENDOWhlENTS
Donatlons and18gacles
Donations
Grants
33,522
39,220
90,132
73,276
129,352
Other trading actfvities
Court hire
Fo(xl and beverages
Arena sponsorship
Other income
Tickel agency fees
Fundra•sing events
582,441
916,686
53.440
108,299
58,935
7,115
564,967
733,024
36,200
29,809
41,412
5,860
1,726.916
1,426,272
Investment Income
Rents received
Solar leed Income
Deposit account Interest
40,278
73,278
36,299
28
40,306
85,156
Charftable actlvlties
Coaching and classes
Student ￿Trt contributions
ContrilxJtK)ns from attendees
Grants
Court Hire
Camps
Junior National League
All Star Camp
33,513
204.681
67,200
282,599
9.106
202,317
3,625
28,519
53.216
23,239
37,268
540
22,825
38,870
360,052
604,163
Total Incomlng resourc•8
2,200,550
2,244,943
P8ge 41

Lelcester Rlders Foundatlon
Consolldated Detailed Statement of Flnanclal Activltles
for the Year Ended 30 Novembor 2024
Year Ended
30.11.24
Year Ended
30.11.23
EXPENDITURE
Ral8lng donatknns and legacles
Fundralsing events
9.515
2.957
9.515
Purchases
Wages
Soclal security
Penslons
Other operating costs
Depreclation
Leasehold property
Plant and machinery
Fixtures and fittings
Motor vehicles
Computer equipment
Loss on dlsposal of fixiures 8nd fittings
Interest and finance charges
Other trading actlvhle8
662,766
308,337
37,731
8,371
488,041
750,691
321,059
36.459
7853
487,825
73,287
7,472
29,705
73.155
8,168
34.242
13,292
15,554
131.518
1,763,477
1.641.684
Charftabl• activfths
Wages
Social 8ecurity
Pensions
Communlty basketball projects
Field Hou88 expenses
Coachlng purchases
Erasmus
Turing
NCS
Rates and utilities
Repairs 8nd maintenance
Food purchases
101,584
4.419
148,512
5,321
1,178
73,931
19,547
134
49,631
79,831
2,512
46,721
27,650
34,136
14,815
3.000
2,156
48,276
20,154
43,870
Support costs
Support t•am
Wages
Soclal securlty
Pensions
Sundrfes
273.376
511,798
144,766
10.698
2.332
953
229,286
14,447
2,343
953
157,796
249.029
Page 42

Lolc•8ter Riders Foundation
Consolldated Detalled Statemont of Flnanclal Actlvities
f r lh• Y•ar Ended 30 Novembor 2024
Year Ended
30.11.24
Year ErKJ
30.11.23
Flnanc• c08ts
Bank Charges
HMRC Interest
Bank loan interest
Loan
821
4,500
6,014
1,359
1.005
379
12,694
Ovorheads
Rent
Rates and water
Insurance
Telephone
Postage and stationery
Sundries
Motor expense8
TravellirKJ
Staff training
Unlfomis and workwear
(28,610)
2,g90
1,450
4.897
9,167
1,422
4,904
1,832
74
4,290
11,848
2,687
14,241
Governan¢• ¢osts
Auditors, remuneration
Professiork21 fees
33,319
7,000
20,341
6,200
16,81)0
27,341
Total resources expended
Nat Incomel{•xpenses)
23,000
2 248,927
2.430,219
48,377
185,276)
Page 43