##
##
##
##
|Contents|||Page|
|---|---|---|---|
|Reference and Administrative
details||||
|Trustees'
Report|||3 —11|
|Independent|Auditors'
Report||12-15|
|Consolidated|Statement
of Financial|Activities|16|
|Consolidated|and Charity Balance Sheets||17|
|Consolidated|Statement ofCash Flows||18|
|Notes to the|Financial Statements||19-31|
##
##
|FOR THE|FOR THE|YEAR ENDED 31 MARCH 2021|YEAR ENDED 31 MARCH 2021|YEAR ENDED 31 MARCH 2021|||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Status||||The organisation
is a charitable
company|||limited||by|guarantee,|
|||||registered
in England
&|Wales, incorporated|||on|10|January 2013|
|||||and registered
in England||&Wales as a Charity|||on|08January|
|||||2016.|||||||
|Governing||Document||The company
was established
under
Memorandum||||||and Articles|
|||||which established
the objects and powers|||of|the|charitable||
|||||company.|||||||
|Company||Number||8355406|||||||
|Charity|Number|||1165100|||||||
|Registered||Office||House of Sport,|||||||
|||||190Great Dover Street,|London SE14YB||||||
|Operating||Office||House of Sport,|||||||
|||||190Great Dover Street,|London SE14YB||||||
|Chair||||Jillian Moore|||||||
|Trustees||||Shaun Richard Dawson|(Vice Chair)||||||
|||||Joyce Ellen Ryan|||||||
|||||Mark Jopling|||||||
|||||Tanya Joseph|||||||
|||||Tracey McCillen (appointed
1 April 2020)|||||||
|||||Sally Benatar (appointed||1 April 2020)|||||
|||||Stephen
Alambritis
(appointed
1 April 2020)|||||||
|||||Charles Boss (appointed||1 April 2020)|||||
|||||Shaun
Danielli (appointed||1 April 2020)|||||
|||||Naomi
Hulston
(appointed||1 April 2020)|||||
|||||Paul Benjamin (appointed||1 April 2020)|||||
|Key Management|||Personnel|Timothy James Copley|||||||
|||||Susan Hutton|||||||
|||||Tove Okunniwa
(resigned||26 July 2021)|||||
|||||Mark Foster (resigned 15||April 2021)|||||
|||||Tanya Rabin (appointed|21 June 2021)||||||
|||||Jill Cochrane (appointed|25 May 2021)||||||
|Bankers||||Metro Bank, 1 Southampton
Row, London|||WC16||5HA||
|Auditors||||PKF Littlejohn
LLP|||||||
|||||15Westferry Circus|||||||
|||||London E144HD|||||||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
||||Notes|5'000|5'000|5'000|K'000|
|INCOME FROM:||||||||
|Charitable
activities||||||||
|Programme
Delivery||||217|4,000|4,217|4,382|
|Other trading
activities||||||||
|Thought Leadership||||||||
|and Partner Services||||201||201|163|
|Other||||||||
|Total income||||418|4,000|4,418|4,545|
|EXPENDITURE ON:||||||||
|Expenditure
on Charitable||activities||||||
|Delivery ofCharitable|activities|||273|4,637|4,910|4,112|
|Activities and Events||||172||172|157|
|Total expenditure|||||4,637|5,082|4,269|
|Net (expenditure)/income||||(27)|(637)|(664)|276|
|Transfers between funds||||||||
|Net movement
in funds||||(27)|(637)|(664)|276|
|Funds brought
forward||||62|1,067|1,129|853|
|Funds carried forward||||35|430|465|1,129|
##
##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|2021|2020|
||||Notes|f'000|E'000|6'000|6'000|
|INCOME FROM:||||||||
|Charitable
activities||||||||
|Programme
Delivery||||217|4,000|4,217|4,382|
|Other trading
activities||||||||
|Thought Leadership||||||||
|and Partner Services||||201||201|163|
|Other||||||||
|Total income||||418|4,000|4,418|4,545|
|EXPENDITURE ON:||||||||
|Expenditure
on Charitable||activities||||||
|Delivery ofCharitable|activities|||273|4,637|4,910|4,112|
|Activities and Events||||172||172|157|
|Total expenditure|||||4,637|5,082|4,269|
|Net (expenditure)/income||||(27)|(637)|(664)|276|
|Transfers
between funds||||||||
|Net movement
in funds||||(27)|(637)|(664)|276|
|Funds brought forward||||62|1,067|1,129|853|
|Funds carried forward||||35|430|465|1,129|
##
##
##
||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group|Charity|Group|Charity|
|||Notes|6'000|5'000|6'000|5'000|
|FIXEDASSETS|||||||
|Tangible
Fixed Assets|||278|278|324|324|
|Investments|||||||
|CURRENT ASSETS|||||||
|Debtors|||93|134|338|399|
|Short term deposits and|cash in hand||1,290|1,283|1,315|1,299|
||||1,383|1,417|1,653|1,698|
|CURRENT LIABILITIES|||||||
|CREDITORS: amounts|falling due||||||
|within one year||10|(1,114)|(1,062)|(705)|(688)|
|NET CURRENT ASSETS|||269|355|948|1,010|
|CREDITORS: amounts|falling due||||||
|after one year|||(82)|(82)|(143)|(143)|
|NET ASSETS|||465|551|1,129|1,191|
|FUNDS|||||||
|Unrestricted
funds|||35|121|62|124|
|Restricted funds|||430|430|1,067|1,067|
|TOTAL FUNDS||14|465|551|1,129|1,191|
##
##
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||||||Note|Group
E'000|Group
f'000|
|Cash flows from operating||activities|||20|(25)|345|
|Cash flows from investing||activities||||||
|Interest income||||||||
|Cash provided|by I(used|in) investing|activities|||||
|Increase I(decrease) in cash and cash||||||||
|equivalents
in|the year|||||(25)|347|
|Cash and cash|equivalents|at the beginning||of the year||1,315|968|
|TOTAL CASH|AND CASH|EQUIVALENTS||||||
|AT THE END OF THE YEAR||||||1,290|1,315|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|
|2|TOTAL INCOME||||||||E'000|E'000|
||Programme
delivery||||||||4,000|4,035|
||Rental income||||||||217|348|
||Events||||||||9|26|
||Services provided
to Partners||||||||181|82|
||Sponsorship||||||||1|50|
||Other||||||||10|4|
||||||||||4,418|4,545|
||Programme|Delivery for Charitable|||Activities||||2021|2020|
||The breakdown
was as||follows:||||||E'000|F'000|
||Sport England|-Core Activities|||||||1,603|1,611|
||Sport England|-Satellite|Clubs||||||786|1,112|
||Sport England|—Workforce|||||||206|206|
||Sport England|- Children|&Young People||||||217|351|
||Sport England|- Tackling|Inequalities||||||400||
||Sport England|- other funds|||||||409|282|
||GLA - Major Events||||||||106|183|
||GLA - Community
Workforce||||||||168|193|
||GLA - Others||||||||30||
||Others||||||||75|97|
||||||||||4,000|4,035|
|3|ANALYSIS OF GROUP||EXPENDITURE||||||||
||||Direct|Costs -||Direct|Costs-|Grant|Support|2021|
|||||Staff
f'000|||Other
E'000|Funding
f'000|Costs
E.'000|Total
f'000|
||Delivery of Charitable||||||||||
||Activities|||2,206|||1,052|1,205|447|4,910|
||Activities and|Events|||103||48||21|172|
|||||2,309|||1,100|1,205|468|5,082|
||||Direct|Costs -||Direct|Costs-|Grant|Support|2020|
||Prior Year Comparison|||Staff
E'000|||Other
F'000|Funding
f'000|Costs
F'000|Total
E'000|
||Delivery ofCharitable
Activities|||2,127|||826|603|556|4,112|
||Activities and|Events|||45||62||50|157|
|||||2,172|||888|603|606|4,269|
##
##
##
||||||2021|2021|2021||2020||2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|Programme|||||Number||8'000|Number|||f'000|
|Satellite Clubs||||||132|600||81||340|
|Tackling
Inequalities||||||37|337|||||
|Others||||||8|268||14||263|
|||||||177|1,205||95||603|
|All grants were paid to||institutions|and|none to individuals.||The|largest grant|amount|paid during||the year|
|was 688,794to Sported||in relation to||the GLA funded|Community||Workforce|programme.||||
|ANALYSIS OF SUPPORT COSTS||||||||||||
|||Management|||Finance||Resources|Governance||2021 Total||
|||||6'000|8'000||6'000||f'000||8'000|
|Delivery of Charitable|Activities|||||34|269||33||447|
|Activities and Events||||||8|13||||21|
|||||||42|282||33||468|
|Prior Year Comparison|||Management
F'000||Finance
f'000||Resources
6'000|Governance
L"000||2020 Total
f.'000||
|Delivery of Charitable|Activities|||110||42|362||42||556|
|Activities and Events||||||15|35||||50|
|||||110||57|397||42||606|
|Governance costs include|||||||||2021||2020|
||||||||||8'000||F'000|
|Staff costs|||||||||18||20|
|Auditors'
remuneration:||||||||||||
|Audit work —London|Sport||||||||11||13|
|Audit work - London|Sport Trading||||||||4||4|
|Other services|||||||||||5|
||||||||||33||42|
##
|The summary
financial|per|form|an|ce
ofth|e su|bsidiary
alone is|:||
|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|
||||||||f'000|f'000|
|Turnover|||||||190|91|
|Cost ofsales and administration||||costs|||(213)|(152)|
|Net assets brought
forward|||||||(57)|(72)|
|Net profit/(loss)|||||||(23)|(61)|
|Amount
gift aided to the Charity|||||||(5)|(5)|
|Surplus/(loss)
retained|in subsidiary||||||(85)|(138)|
|The assets and liabilities ofthe|||subsidiary||were:||||
|Current assets|||||||23|25|
|Current
liabilities
Total net assets and Aggregate|||share capital|||and reserves|(108)
~55|(86)
(61)|
|STAFF COSTS AND|NUMBERS||||||2021|2020|
||||||||E'000|E'000|
|Staffcosts were as follows:|||||||||
|Salaries and wages|||||||1,891|1,786|
|Social security costs|||||||202|186|
|Pension contributions|||||||207|200|
||||||||2,300|2,172|
|The number
ofemployees||whose||emoluments||for|2021|2020|
|the year fell within the|following||bands were:||||Number|Number|
|660,001-670,000|||||||||
|670,001 - F80,000|||||||||
|6100,001 - 6110,000|||||||||
|f110,001 - 6120,000|||||||||
|6120,001 - f130,000|||||||||
##
||No Trustees received|No Trustees received|remuneration|in the current or prior year.|||
|---|---|---|---|---|---|---|
||The average
number||ofemployees|during the year was as follows:|2021|2020|
||||||Number|Number|
||Charitable
activities||||43|44|
||Support||||2|2|
||||||45|46|
|8|TANGIBLE FIXEDASSETS||||||
||||||Leasehold||
||Charity|and group|||Buildings||
||||||E'000||
||Cost||||||
||Opening|Balance as|at 1 April 2020||462||
||Purchases
during year||||||
||Closing|Balance as|at 31 March 2021||462||
||Depreciation||||||
||Opening|Balance as|at 1 April 2020||138||
||Charge|during year|||46||
||Closing|Balance as|at 31 March 2021||184||
||NBV as|at 31 March|2021||278||
||NBVas|at 31 March|2020||324||
##
##
##
##
|||2021|2021|2020|2020|
|---|---|---|---|---|---|
|||Group|Charity|Group|Charity|
|||K'000|K'000|F'000|F'000|
|Project debtors||37|25|309|300|
|Prepayments||29|29|12|12|
|Inter-company|debtors||51||68|
|Other debtors||27|29||19|
|||93|134|338|399|
##
||2021|2021|2020|2020|
|---|---|---|---|---|
||Group|Charity|Group|Charity|
||E'000|8'000|E'000|F'000|
|Project creditors|179|170|314|305|
|Other taxation and social security|54|54|91|92|
|Accru ale|780|777|185|176|
|Deferred income|71|31|66|66|
|Other creditors|30|30|49|49|
||1,114|1,062|705|688|
##
||2021|2021|2020|2020|
|---|---|---|---|---|
||Group|Charity|Group|Charity|
||8'000|8'000|L'000|L'000|
|Leases|82|82|143|143|
##
##
##
##
||||2021|2021|2020|2020|
|---|---|---|---|---|---|---|
||||Group
6'000|Charity
K'000|Group
F'000|Charity
f'000|
|Deferred||income at 1 April|66|66|107|107|
|Applied|during the year||71|31|66|66|
|Released||during the year|(66)|(66)|(107)|(107)|
|Deferred||income at 31 March|71|31|66|66|
|13|ANALYSIS OF GROUP NET ASSETS|||2021|
|---|---|---|---|---|
||BETWEEN FUNDS|Restricted|General|Total|
|||Funds|Funds|Funds|
|||E'000|E'000|E'000|
||Tangible fixed assets||278|278|
||Current assets|430|953|1,383|
||Current
liabilities||(1,114)|(1,114)|
||Long-term
liabilities||(82)|(82)|
||Net assets at 31 March 2021|430|35|465|
|||||2020|
||Prior Year Comparison|Restricted|General|Total|
|||Funds|Funds|Funds|
|||6'000|E'000|K'000|
||Intangible
fixed assets||||
||Tangible fixed assets||324|324|
||Current assets|1,067|586|1,653|
||Current
liabilities||(705)|(705)|
||Long-term
liabilities||(143)|(143)|
||Net assets at 31 March 2020|1,067|62|1,129|
##
##
##
##
##
##
##
|ANALYSIS OF FUNDS (continued)|||||
|---|---|---|---|---|
|Prior year comparison|Balance at|||Balance at|
||01-Apr|||31-Mar|
||2019|Income|Expenditure|2020|
||E'000|R'000|E'000|E'000|
|General funds|264|510|(712)|62|
|Restricted funds:|||||
|Core Activities (Sport England)|108|1,611|(1,510)|209|
|Satellite Club (Sport England)||1,112|(837)|275|
|Workforce (Sport England)|46|206|(167)|85|
|Children
&Young People (Sport England|222|351|(406)|167|
|Other funds - Sport England|84|282|(84)|282|
|Major Events (GLA)|8|183|(191)||
|Community
Workforce (GLA)||193|(169)|24|
|Other|121|97|(193)|25|
||589|4,035|(3,557)|1,067|
|Group total|853|4 545|~4.269|1 129|
##
##
##
##
|ANALYSIS OF PUBLIC|FUNDING||||
|---|---|---|---|---|
|||Greater|Non||
||Sport|London|Public||
||England|Authority|Income|Total|
||E'000|6'000|E'000|E'000|
|Revenue Grants|3,621|274|105|4,000|
|Rental Income|||217|217|
|Other Income|||201|201|
|Total Income|3,621|274|523|4,418|
|Staff costs|2,152|88|68|2,309|
|Grant payments|1,057|149||1,205|
|Other delivery costs|324|56|147|527|
|Direct Costs|249||324|573|
|Support costs|463|||468|
|Total Expenditure|4,245|298|539|5,082|
|Net Income|(624)|(24)|(16)|(664)|
|Cash and Deferred Income Reconciliation|||||
|||Greater|Non||
||Sport|London|Public||
||England|Authority|Income|Total|
||E'000|f'000|6'000|E'000|
|Opening
Balance|||66|66|
|Cash received|3,621|274|523|4,418|
|Released to P&L|(3,595)|(274)|(544)|(4,413)|
|Closing Balance|26||45|71|
##
|At 3|1 March|2021 the group and charity|had annual||
|---|---|---|---|---|
||||2021|2020|
||||6'000|5'000|
|Due|within
1|year|278|376|
|Due|between|1 and 2 years|264|278|
|Due|between|2 and 5years|1,056|792|
|Due|in more|than 5years||528|
##
##
##
|||||2021|2020|
|---|---|---|---|---|---|
|||||Group|Group|
|||||U000|L'000|
|Net income for the year||||(664)|276|
|Add back||depreciation|charge|46|46|
|Add back||impairment|charge||68|
|Less interest income|||||(2)|
|Decrease||/ (increase)|in debtors|245|105|
|Increase|/|(decrease)|in creditors|348|(148)|
|||||(25)|345|
##