2022-03-31-accounts - London Sport

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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 of Cash Flows		18
Notes to the	Financial Statements		19-31

Status			The organisation	is a charitable	is a charitable	company	limited	limited	by	guarantee,
			registered in England 8 Wales,			incorporated		on 10January 2013
			and registered in 2016.	England	&Wales as a Charity on 08 January
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 - resigned					31	December 2021
			Sally Benatar - Vice Chair		- from	1 January	2022
			Joyce Ellen Ryan
			Mark Jopling - resigned 31 May			2022
			Tanya Joseph
			Tracey McCillen
			Stephen Alambritis
			Charles Boss
			Shaun Danielli
			Naomi Hulston
			Paul Benjamin
Key Management		Personnel	Emily Robinson (appointed		2 February 2022)
			Timothy James Copley
			Susan Hutton
			Tanya Rabin
			Jill Cochrane (contracted ended			24 May 2022)
			Tove Okunniwa (resigned 26 July 2021)
Bankers			Metro Bank, 1 Southampton		Row, London WC16 5HA
Auditors			PKF Littlejohn LLP
			15Westferry Circus
			London E144HD

				Unrestricted	Restricted	Total	Total
				Funds	Funds	2022	2021
			Notes	6'000	E'000	6'000	6'000
INCOME FROM:
Charitable activities
Programme Delivery				184	4,294	4,477	4,217
Other trading activities
Thought Leadership
and Partner Services				126		126	201
Total income				310	4,294	4,604	4,418
EXPENDITURE ON:
Expenditure on Charitable		activities
Delivery ofCharitable	eclivilies			126	4,520	4,646	4,910
Activities and Events				162		162	172
Total expenditure				288	4,520	4,808	5,082
Net (expenditure)/income				22	(226)	(204)	(664)
Transfers between funds
Net movement in funds				22	(226)	(204)	(664)
Funds brought forward				35	430	465	1,129
Funds carried forward				57	204	261

			2022	2022	2021	2021
		Notes	Group 6'000	Charity 6'000	Group 6'000	Charity f'000
FIXEDASSETS
Tangible Fixed Assets			205	205	278	278
Investments
CURRENT ASSETS
Debtors			110	158	93	134
Short term deposits and cash in hand			554	543	1,290	1,283
				701	1,383	1,417
CURRENT LIABILITIES
CREDITORS: amounts	falling due
within one year		10	(601)	(570)	(1,114)	(1,062)
NET CURRENT ASSETS			63	131		355
CREDITORS: amounts	falling due
after one year			(7)	(7)	(82)	(82)
NET ASSETS			261	329	465	551
FUNDS
Unrestricted funds			57	125	35	121
Restricted funds			204	204	430	430
TOTAL FUNDS		14	261	328	465	551

						2022	2021
					Note	Group f'000	Group K'000
Cash flows from operating		activities			20	(737)	(25)
Cash flows from investing		activities
Interest income
Cash provided by I(used	in) investing		activities
Increase / (decrease) in cash and cash
equivalents in the year						(736)	(25)
Cash and cash equivalents	at	the beginning		of the year		1,290	1,315
TOTAL CASH AND CASH	EQUIVALENTS
AT THE END OF THE YEAR							1,290

2 TOTAL INCOME					2022 E'000	2021 E'000
Programme delivery Rental income Events Services provided to Partners Sponsorship Other					4,294 184 90 27 9	4,000 217 9 181 1 10
					4,603	4,418
Programme Delivery for Charitable Activities The breakdown was as follows:					2022 E'000	2021 E'000
Sport England - Core Activities Sport England - Satellite Clubs Sport England —Workforce Sport England - Children &Young People Sport England - Tackling Inequalities Sport England - Opening School Facilities Sport England - other funds GLA - Major Events GLA - Community Workforce GLA - Others Others					1,603 205 1,091 240 950 85 26 94	1,603 786 206 217 400 409 106 168 30 75
					4,294	4,000
ANALYSIS OF GROUP EXPENDITURE
Direct	Costs - Staff	Direct	Costs- Other	Grant Funding	Support Costs	2022 Total
	E'000		E'000	E'000	E'000	E'000
Delivery of Charitable
Activities Activities and Events	2,216 103		828 35	1,081	521 24	4,646 162
	2,319		863	1,081		4,808
Prior Year Comparison Direct	Costs - Staff E"000	Direct	Costs- Other F'000	Grant Funding E'000	Support Costs E'000	2021 Total E'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

		2022	2022	2021	2021
Programme		Number	f'000	Number	f'000
Satellite	Clubs			132	600
Tackling	Inequalities	60	304	37	337
Opening	School Facilities	82	760
Others		6	17		268
		148	1,081	177	1,205

		Management f'000	Finance f'000	Resources f'000	Governance f'000	2022 Total f'000
Delivery ofCharitable	Activities	130	39	313	39	521
Activities and Events			10	14		24
		130	49	327	39	545
Prior Year Comparison		Management f'000	Finance f'000	Resources f'000	Governance f'000	2021 Total f'000
Delivery ofCharitable	Activities		34	269	33	447
Activities and Events			8	13		21
			42	282	33	468
Governance costs include					2022	2021
					f'000	f'000
Staff costs					26	18
Auditors' remuneration:
Audit work- London	Sport					11
Audit work - London	Sport Trading					4
Other services
					36	33

							2022	2021
							f'000	f'000
Turnover							107	190
Cost ofsales and administration				costs			(90)	(213)
Net assets brought forward							(85)	(57)
Net profit/(loss)							17	(23)
Amount gift aided to the Charity								(5)
Surplus/(loss) retained	in subsidiary						(68)	(85)
The assets and liabilities ofthe			subsidiary		were;
Current assets							35	23
Current liabilities Total net assets and Aggregate			share capital			and reserves	(103) ~66	(108) (85)
STAFF COSTS AND	NUMBERS						2022	2021
							f'000	f'000
Staff costs were as follows:
Salaries and wages							1,865	1,891
Social security costs							200	202
Pension contributions							201	207
							2,266	2,300
The number of employees		whose		emoluments		for	2022	2021
the year fell within the	following		bands were:				Number	Number
f60,001-f70,000 f70,001 - f80,000
f100,001 - f110,000
f110,001 - f120,000
f120,001 —6130,000

	No Trustees received	No Trustees received	remuneration,	nor were paid any expenss, in t	he current or prior y	ear.
	The average number		of employees	during the year was as follows:	2022	2021
					Number	Number
	Charitable activities				44	43
	Support				2	2
					46	45
8	TANGIBLE FIXEDASSETS
					Leasehold
	Charity	and group			Buildings
					8'000
	Cost
	Opening	Balance as at 1 April 2021			462
	Purchases during year
	Closing	Balance as at 31 March 2022			462
	Depreciation
	Opening	Balance as at	1 April 2021		184
	Charge	during year			73
	Closing	Balance as at 31 March 2022			257
	NBV as	at 31 March 2022			205
	NBVas	at 31 March 2021			278

		2022	2022	2Q21	2021
		Group	Charity	Group	Charity
		U000	E'000	E'000	E'000
Project debtors		65	48	37	25
Prepayments		35	35	29	29
Inter-company	debtors		63		51
Other debtors		10	12		29
		110	158	93	134

	2022	2022	2021	2021
	Group E'000	Charity K'000	Group E'000	Charity E'000
Project creditors	144	139	179	170
Other taxation and social security	56	56	54	54
Accruals	317	311	780	777
Deferred income	62	42	71	31
Other creditors	22	22	30	30
	601	570	1,114	1,062

	2022	2022	2021	2021
	Group	Charity	Group	Charity
	000	6'000	E'000	OOOO
Leases			82	82

		2022	2022	2021	2021
		Group f'000	Charity f'000	Group f'000	Charity f'000
Deferred	income at 1 April	71	31	66
Applied	during the year	62	42	71	31
Released during the year		(71)	(31)	(66)	(66)
Deferred	income at 31 March	62	42	71	31

ANALYSIS OF GROUP NET ASSETS			2022
BETWEEN FUNDS	Restricted	General	Total
	Funds	Funds	Funds
	f'000	f'000	f'000
Tangible fixed assets		205	205
Current assets	204	461	664
Current liabilities Long-term liabilities		(601) (7)	(601) (7)
Net assets at 31 March 2022	204	58	262
			2021
Prior Year Comparison	Restricted	General	Total
	Funds	Funds	Funds
	f'000	f'000	f'000
Tangible fixed assets		278	278
Current assets	430	953	1,383
Current liabilities Long-term liabilities		(1,114) (82)	(1,114) (82)
Net assets at 31 March 2021	430	35	465

ANALYSIS OF FUNDS	ANALYSIS OF FUNDS	ANALYSIS OF FUNDS
			Balance at					Balance at
				01-Apr				31 Mar
				2021		Income	Expenditure	2022
				E'000		8'000	E'000	8'000
General	funds				35	310	(288)	57
Restricted funds:
Core Activities (Sport England)					122	1,604	(1,595)	131
Workforce (Sport England)					105	205	(310)
Children	&Young People		(Sport England)		16	1,090	(1,106)
Tackling	Inequalities	(Sport England)			63	240	(303)
Opening	School Facilities		(Sport England)			950	(950)
Other funds - Sport England Other funds - GLA					88	86 26	(158) (16)	16 10
Other					36	93	(82)	47
				430		4,294	(4,520)	204
Group total				465		4,604	(4,808)	261
For prior	year compsnsion		see over
General	funds;		These	are funds solely managed			at the discretion	ofthe
			organisation,		without	restriction,	in line with our reserves
			policy.

ANALYSIS OF FUNDS (continued)
Prior year comparison	Balance at			Balance at
	01-Apr			31-Nlar
	2020	Income	Expenditure	2021
	E'000	E'000	E'000	E'000
Generalfunds	62	418	(445)	35
Restricted funds:
Core Activities (Sport England)	209	1,603	(1,690)	122
Satellite Club (Sport England)	275	786	(1,061)
Workforce (Sport England)	85	206	(186)	105
Children &Young People (Sport England	167	217	(368)	16
Tackling Inequalities (Sport England)		400	(337)	63
Other funds - Sport England	282	409	(603)	88
Major Events (GLA) Community Workforce (GLA) Other	24 25	106 168 1D5	(106) (192) ~84	36
	1,067	4,000	(4,637)	430
Group total	1 129	4 418	~5882	465

ANALYSIS OF PUBLIC	FUNDING
		Greater	Non
	Sport	London	Public
	England	Authority	Income	Total
	8'000	E'000	8'000	E'000
Revenue Grants Rental Income	4,174	26	93 184	4,294 184
Other Income			126	126
Total Income	4,174	26	403	4,604
Staffcosts Grant payments Other delivery costs	2,239 1,077 384	12 5	67 51	2,318 1,082 435
Direct Costs	259		168	427
Support costs	521		25	546
Total Expenditure	4,480	17	311	4,808
Net Income	(306)	9	92	(204)
Cash and Deferred Income Reconciliation
		Greater	Non
	Sport	London	Public
	England	Authority	Income	Total
	E'000	E'000	6'000	E'000
Opening Balance			71	71
Cash received Released to P&L	4,201 (4,201)		403 (412)	4,604 (4,612)
Closing Balance			62	62

non-	cancellab	le operating leases as follo	ws:
			2022	2021
			K'000	L'000
Due	within 1	year	264	278
Due	between	1 and 2 years	264	264
Due	between	2 and 5years	792	1,056
Due	in more	than 5 years

			2022	2021
			Group	Group
			8'000	E'000
Net income for the year			(204)	(664)
Add back	depreciation	charge	73	46
Add back	impairment	charge
Less interest income
Decrease	/ (increase)	in debtors	(17)	245
Increase	/ (decrease)	in creditors	(588)	348
			(737)	(25)