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2022-03-31-accounts

THE SPORT LEGACY FOUNDATION

‘Empowering young people to change their lives through sport and education’

THE SPORT LEGACY FOUNDATION (ENGLAND & WALES) Charity Registration Number 1171493

Company Number 08191495

REPORT AND FINANCIAL STATEMENTS

For the year ended 31[st] March 2022

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

REFERENCE AND ADMINISTRATIVE DETAILS:

Registered Office: Building 2 30 Friern Park North Finchley London N12 9DA United Kingdom Trustees: David Chamberlain Brenda Pope Andrew Roberts Chief Executive: Jane Power Bankers: Barclays Bank Plc Oxford City Branch 54 Cornmarket Street Oxford OX1 3HB Independent Examiner: Newton & Garner Ltd. Building 2, 30 Friern Park North Finchley London N12 9DA

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

The Trustees present their report and financial statements for the charity and charitable trading company for the year 31[st] March 2022.

MISSION AND OBJECTIVES

Sport Legacy Foundation (SLF) is a sport and education charity set up in 2017 dedicated to offering opportunities to disadvantaged young people nationally.

Our offer to young people is founded on four areas:

Our mission is:

‘to empower young people in challenging communities to change their lives through education and sport.’

SLF believes that young people educated in the state sector in England & Wales are not offered enriching physical activity and sport to complement academic education. This is particularly true in Government Education Opportunity Areas in the most deprived, and often diverse, parts of the country. In addition, due to Government measures applied during the Covid pandemic, this offer has worsened, and in 2022 many schools in Birmingham and elsewhere reduced their required PE programmes to one hour per week.

We help young people to discover what they are brilliant at by funding extra-curricular sport and physical activities in Birmingham and, from 2023, a new programme in Bradford Leeds. In the Caribbean we assist our sister organisation Sport for Life Barbados, founded as a legacy programme to the ICC Cricket World Cup in 2007, and we are working to re-establish a similar programme in St Lucia.

SLF’s experience of delivering such work has witnessed the development of extraordinary talent amongst young people – primary school students from the South Asian community who display excellent tennis skills after SLF’s two-week summer camp; recently immigrated

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

young boys who improve their experience by learning English through SLF’s football coaching programme; a shy young Afghan student who turned out to be a brilliant wicketkeeper. There are many more such real life stories and this is SLF’s legacy to young people through sport.

In all areas, we prioritise working with schools where more students than usual are eligible for pupil premium funding (PPF) or where students are failing to reach national standards required of them. We understand the barriers that can prevent those young people having the opportunity to develop new skills in sport and physical activity.

Strategy for achieving objectives:

In our fifth year of operations, SLF’s main strategic objectives are as follows:

1. To improve the lives of young people through the development of key skills in sport and physical activity

This is one of our key strategic objectives that form the basis of all our activities. Our sports coaching programmes, delivered in partnership with all sectors, aim to improve the health, well-being and key skills of young people from disadvantaged communities in the UK and the Caribbean.

2. To make sure that all programmes delivered by SLF are of the highest quality and change young people’s lives for the good

SLF puts in place evaluation and measurement models to incorporate:

3. To develop SLF’s offer to schools, national governing bodies, public and private sector funders, academic partners

SLF has attracted grant funding from Sport England, the National Lottery Community Fund, Black Country Consortium, Sportivate, National Express Foundation, Black Country Consortium, Central England Co-operative, the Lawn Tennis Association and private trusts and foundations in our first four years. We are also funded by two corporate partners Central England Co-operative and Squire Patton Boggs in Birmingham. This funding enables

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

SLF to deliver coaching programmes in schools which would otherwise not be able to fund sport and physical activity.

We are also funded directly by schools themselves on a year-round basis including Waverley Education Foundation Trust and Ark Academies. We coach in more than 5 schools in Birmingham and will increase this offer to a further 30 primary schools in the next year in Birmingham and Bradford Leeds. Our sports coaching programme Sport for Life

International , , developed between 2010 and 2017, is well known in Birmingham and the Caribbean and aims to develop key skills in students.

In summer 2021, the programme was chosen to be a United By partner by the Commonwealth Games Birmingham 2022. We launched it as a new brand , Building Character through Sport (BCtS), at the Sport for Life Centre in Birmingham in August 2021. More than 150 young people and their families from local communities tried new sports, met SLF partners from the Commonwealth Games Birmingham 2022, the Lawn Tennis Association, the National Asian Cricket Council and Central England Co-operative and had a great day out.

In the 8 months from August to year end 2022, BCtS has coached more than 250 young people in 5 schools emphasising the importance of 14 key areas in sport and education namely:

To introduce BCtS to the wider community, SLF partnered University of Birmingham (UoB) developing a podcast series ‘Conversations on Character: Commonwealth Games Special’ with the Jubilee Centre for Character & Virtues. Guests include:

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

The podcast is available on SPOTIFY on link https://open.spotify.com/show/4dsIg070riLopy6nU3gyXh

Next steps are to align BCtS with school curriculums in the UK and the Caribbean from 202223 and ensure that sport and education are firmly interlinked.

In the Caribbean, SLF has forged links with tour companies and schools in England & Wales including St Hugh’s Prep School, Faringdon, to fundraise prior to their cricket and netball tours to Barbados. St Hugh’s students and families have been incredible over the years and proved key to helping our sister charity Sport for Life! Barbados provide mentoring and physical activity to 12-14 year olds year round.

4. To develop indoor sports and education facilities.

In addition to lack of sports and physical activity opportunities, large areas of the UK lack accessible indoor facilities. The east side of Birmingham and parts of Bradford are two such places and SLF has approached landowners, in particular those with cricket or football grounds close by, to co-develop or upgrade new facilities.

One such project is now underway with planning permission submitted in summer 2022 and partnership agreements planned with Central England Co-operative, the Lawn Tennis Association and National Asian Cricket Council - advisers on South Asian cricket to the England & Wales Cricket Board - and national grant givers to support it under a Commonwealth Games Birmingham 2022 legacy programme for the community. First designs for a combined cricket and tennis facility have been drawn up by Raise Partnership and we have met with local MP Jess Phillips to present our plans.

A second will start in 2023 in Bradford with the Lawn Tennis Association and local council support.

5. Emergency Planning for the Covid-19 Pandemic

Many charities and businesses across the country suffered badly from the Covid-19 pandemic and SLF was no exception. Our thoughts and sympathies go to all those communities who were directly affected by its rapid spread, and we hope that this year everyone’s lives are improving. We did our utmost to support our communities both in the UK and the Caribbean and to adhere to and support our local heroes in the NHS. The situation improved slightly in 2021 and we did our best to open up our coaching in Birmingham and our cricket ground and sports facilities as well. We continued to furlough staff up to September 2021, which meant once again that no fundraising efforts were possible according to government guidelines.

Having adapted our programme delivery to a hybrid model in August 2020 with the LTA #TennisAtHome, SLF was keen to support coaching staff and recommenced coaching in

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

schools in September 2021. The charity also benefitted from government supported pandemic loans from Barclays Bank to assist recovery.

6. To develop SLF’s staff and resources

Having established a core staff of first class coaches reporting into the Operations Director and Chief Executive, SLF is looking to develop numbers and upgrade coaches’ qualifications to include LTA Tennis, FA Football and ECB Cricket at a higher level. All qualifications are upgraded annually, and we ensure that all coaches provide DBS checks via Birmingham City Council. We are supported by a Financial Advisor and an Office Co-ordinator who work closely with the Chief Executive and SLF’s accountants. We are also fortunate to have legal advice provided to us at a voluntary sector rate by international solicitors.

Delivery of our programmes is supported by school PE teachers, heads, chief executives and staff.

PUBLIC BENEFIT STATEMENT:

Sport Legacy Foundation benefits the public, and especially young people, by funding and delivering activities in curriculum time and after school that aim to support health and wellbeing and build resilience.

The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing SLF’s aims and objectives and in planning future activities.

Chief activities

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

number of schools withdrawn from Jan-Mar 2022 coaching due to Covid restrictions policy.)

#TennisAtHome

schools’ portals and

available via @SportFLI Twitter account.

Events

SLF was delighted this year to launch Building Character through Sport (BCtS) at its Sports Centre in Birmingham in August 2021. As the first event for more than 18 months, and held outside in partnership with the Commonwealth Games Birmingham 2022 roadshow, it attracted more than 150 young people and their families from local communities. Guests

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

tried out tennis, boxing, table tennis, cricket and a host of other sports, all designed to inspire physical activity and enjoyment of sport!

Objectives, Achievement and Performance for the Year

Chief Activities

During the year we delivered the following programmes:

NUMBERS OF YOUNG PEOPLE COACHED

8 partner organisations

6 schools in our network

Over 200 hours of on-line and live coaching intervention (6 hours a week x 34 weeks)

Over 250 student beneficiaries

3. Progress with schools

We are keen to increase the number of schools we work with in Birmingham and to develop our offer to young people and their communities in Bradford Leeds.

Schools have been encouraged by our providing on-line video coaching during this difficult period and we continue to build our relationship with Head Teachers and PE staff especially in those areas where high student numbers qualify for PPF.

CONCLUSION

SLF has worked hard during our first four years, assisting some of the most challenged schools in Birmingham and helping their young people from primary to secondary level to create opportunities through physical activities and sport. We have also helped Sport for Life Barbados with significant fundraising and PR over the period thanks to the generosity of independent prep schools in England.

However, no-one predicted such a crisis as the Covid-19 pandemic. We hope our emphasis on building resilience within diverse communities through sport and education has been received well and look forward to working with more partners in the future to create a healthier and more positive environment for all.

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

PRIORITIES FOR 2022/23

SLF will be focussing on the following areas of priority for the coming year:

Expansion in sports and physical activity programmes

SLF plans to return to schools in the 2022/23 and expand the number of coaching programmes we deliver during the year whilst always making sure existing programmes are properly run and financed.

Development of indoor sports centre, Birmingham

We have approached national governing body funders as well as trusts & foundations and corporate partners to support the development of such an indoor centre. We have achieved success in attracting support from Central England Co-operative, the Lawn Tennis Association (LTA), the National Asian Cricket Council (NACC), the representative body for South Asian cricket to the England & Wales Cricket Board (ECB) and the Football Association (FA) as well as initial discussions with The National Lottery Communities Fund.

Events

Depending on when the planning permission for the indoor centre in Birmingham is determined by Birmingham City Council, the Foundation will hold a launch event with corporate, cricket and tennis partners as well as press and elite players. If timing permits SLF hopes that will coincide with announcing a relationship with the Legacy Charity of the Commonwealth Games Birmingham 2022.

FINANCIAL REVIEW:

a. Financial Summary

SLF’s fifth financial year has seen trustees embed a hybrid model of designing, delivering and evaluating on-line video and live sports coaching programmes in a selection of Birmingham schools. However, our income is derived from the programmes we develop, from national governing body grants, from trusts & foundations and from sports ground management and in 2021/22 we saw a significant drop in revenue for the second year running.

The senior management team has explored opportunities to manage core costs and try to achieve a cost-effective and transparent way of ensuring that projects are administered and run efficiently.

b. Reserves Policy

Trustees have undertaken to put in place a policy of three months’ operating costs.

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

c. Support in Kind

Over the course of 2021/22 SLF received various in-kind advice and support from the corporate sector including:

The total value of donated services was £6,000.

Structure Governance and Management

a. Constitution

Sport Legacy Foundation is a charitable incorporated organisation (CIO) constituted under a Memorandum of Association dated 7[th] February 2017 and is registered as charity number 1171493.

SFL (UK) Ltd. is registered as a limited company under company number 8191495 and wholly owned by Sport Legacy Foundation.

b. Method of Appointment or Election of Trustees

The management of the Charity is the responsibility of the Trustees who are elected and coopted under the terms of the Articles of Association.

c. Policies adopted for the induction and training of Trustees

A majority of Trustees have many years’ experience of working on programmes involving sport, education and challenged young people.

In the first year of operation for the Charity, all Trustees have been given copies of the Memorandum and Articles of Association, Risk Management policy documents and guidelines provided by the Charity Commission. Trustees are regularly invited to attend SLF events, coaching programmes and meetings with clients and schools.

d. Organisational structure and decision making

SLF has the core function of running programmes in school directly through its charitable company SFL (UK) Ltd. It relies on a core team with management and oversight given by its experienced Trustees.

BOARD OF TRUSTEES

SLF is governed by a Board of Trustees representing the public, private and third sectors. During the reporting period, the Trustees have included:

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

• David Chamberlain

The Board of Trustees met six times in the reporting period. There are no sub-committees to the Board and delegation of day to day activities was passed to the Chief Executive.

Coaches Advisory Group

The Coaches Advisory Group provides guidance to the executive providing expert input and laying out challenges during the development of programmes as well as evaluation of impact. Due to the pandemic, it met twice only in 2021-22 though SLF’s Operations Director held regular on-line meetings with coaches whose opinions inform us as to the nature of all programmes, current thinking amongst young people in schools and teachers’ challenges. SLF plans to extend this group and to develop a teachers’ group in 2022/23 when possible.

Executive

The charity has a small Core Management Team comprising:

Chief Executive – Jane Power

Financial Adviser – Dr Zaki Hassan

Operations Director – Mohammed Naeem

Office Co-ordinator – Jeff Hughes

e. Risk Management

SLF has produced a draft risk management document based on advice from the Charity Commission and Goodman Jones accountants which covers all areas such as governance, operational risk and financial management. This has been developed further with a risk register now drawn up.

f. Child Protection and Safeguarding

SLF continues to operate a comprehensive child protection and safeguarding policy which is communicated to all SLF, SFL (UK) Ltd. staff, schools and parents of children. Risk assessments are carried out for our activities and all the staff and coaches we use are highly qualified by national governing bodies of sport, e.g. ECB, LTA, FA, thoroughly monitored in their work and have undergone Enhanced DBS disclosure checks with Birmingham City Council. No child protection issues have arisen.

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

TRUSTEES’ RESPONSIBLITIES STATEMENT

The Trustees are responsible for preparing the Trustees’ report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the Trustees to prepare financial statements for each financial year which give a true fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charitable company for that year.

In preparing these accounts, the Trustees are required to:

Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that accounts comply with the Companies Act 2006. They are also responsible for taking reasonable steps to prevent and detect fraud and other irregularities.

Small Company Rules

The financial statements have been prepared in accordance with special provisions of Part 15 of the Companies Act 2006 applicable to small companies, in accordance with the requirements of the Charities Act 2011 (the 2011 Act) and in accordance with the SORP 2005.

This report was approved by the Board on 30[th] January 2023 and signed on its behalf.

Jane S Power Chief Executive Officer

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THE SPORT LEGACY FOUNDATION

Empowering young people to change their lives through sport and education

Registered Charity Nurnber: 1171493 SPORT LEGACY FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2022

Page I THE SPORT LECACY FOUNDATION NO. OF CHARITY - 1171 YEAR ENDED 31ST MARCH 2022 INDEPENDEwf EL4MINER>S REPORT TO THE TRUSTEES OF THE SPORT LECACY FOUNDATION GROUP "the Grou I report to the trustees on TOY examlnatlon of the consoLldated accounts of the Group comprlslng The Sport Legacy Foundatlon (the charltyl and Its subsldlary undertaklng for the year ended 31st Mareh, 2022. Responsibilitles and basls of report As the trustees of the charity you are responsibLe for the preparation of the consolidated accounts of the Group in accordance with the requiretllents of the Charities Act 201L (ffj4the Act") and you have chosen to prepare consolidated accounts for the Group. You are satlsfied that the accounts of both the Charity and the Group are not requlred by charlty Law to be audlted and you have chosen Instead to have an ndependent examlnatlon. I report respect of my examlnatlon of the eonsolldated accounts earrled out under seetlon L45 of the 2011 Act. In earrying out my examLnatlon I have followed the DLreet£ons given by the Char£ty Commission under seetion 145151 Ibl of the Act. An independent exatllination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor congiders in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurarLce that an independent eXa￿l￿atIO[L can provide. Consequentlyy I express no opinion as to whether the consolidated accounts present a true and f air view and rny report is li]nited to those specific ￿￿tterS set out in the independent exa]niner s statement. Independent examlner, s statement I have compLeted my examlnatlon. L conflrm that no matters have come to my attentlon in connectlon wlth the examinatlon givlng me cause to belLeve: accounting records, with respect of the charity* were not kept as required by section 130 of the 2011 Act" and with respect tts its subsidiaryp were not kept as required by Section 386 of the Co￿panieS Aet 2006" or the accounts do not aecord with those records. or the accounts do not comply with the applicable requirements concernlng the forrn and content of accounts set out In the Charltles (Accounts and Reports) RegulatLons 2008 other than any requlrement that the accounts gLve a "true and fair" vLew which Is not a matter considered as part of an independent examLnatlon: or the accounts have not been prepared In accordance wlth the Toethods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by eharltles {applleabLe to eharltles preparlng thelr accounts In aecordanee wlth the Flnanclal Reportlng Standard appllcable in the UK and RepubLIc of Ireland {FRS I02}1 I eonfir]ll that there are rLO Other ￿atterS to which your atterLtion should be draTrm to enable a proper understanding of the accounts to be reached. R. KNIG T, FCCA, ATII NETr￿oN AND GARNER LIMITED CHARTERED ACCOUNTANTS BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA Date: 27th January, 2023

Page 2 SPORT LEGACY FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2022 Unrestricted Restrlcted Total Funds Funds Funds 2022 2022 Total Funds Notes INCOME Charltable aetlvltles 51,089 9,990 61,079 51,294 EXPENDITURE RaLslng funds Charltable actlvLtles 5,700 81,248 5,700 81,248 61,475 TOTAL EXPENDITURE £86,948 £86,948 £61,475 NET EXPENDITURE FOR THE YEAR NET MOVEMKNT IN FUNDS (35,8591 9.990 125,8691 (10,181) RECONCILIATION OF FUNDS BaLance at 1st Aprll. 2021 (11,7751 9.409 12,3661 7,815 BALANCE AT 31ST MARCH 2022 13 £{47,6341 £19,399 £128,235) 12,366)

Page 3 SPORT LEGACY FOUNDATION CONSOLIDATED BALANCE SHEET AT 31ST MARCH 2022 Notes 2022 2021 FIXED ASSETS Land and buildings 9,600 CUIUiENT ASSETS Debtors Cash at bank and In hand io 4,542 13,547 7,956 3,467 18,089 11,423 CREDITORS ATnounts falling due within one year 11 118,1991 110,5491 NET CURRENT ASSETS LIABILITIES (iioi 874 CREDITORS Arnount faLllng due after more than l year 12 137,7251 {3,240) NET ASSETS LIABILITIES £128,235) £{2,366) FUNDS Restrleted funds Unrestrlcted funds 13 13 19,399 147,6341 9,409 111,775) TOTAL CHARITY FUNDS £128,235) £{2,366) TFLe financial statetllents were approved by the trustees on 26th January 2023 A.P. ROBERTS TRUSTEE Reglstered Charlty No: 1171493

Page 4 SPORT LEGACY FOUNDATION BALANCE SHEET AT 31ST MARCH 2022 Notes 2022 2021 FIXED ASSETS Invest￿entS in subsidiary Land and bulldings loo 9,600 LOO 9,700 loo CURRENT ASSETS Debtors Cash at bank and in hand LO 16,280 512 9,013 9,OL3 16,792 CREDITORS Amounts falllng due wlthln one year 11 (13,485) 15,8001 NET CURBINT ASSETS LIABILITIES (4,4721 10,992 CREDITORS knounts falling due after ￿tsre than L year LO {22,8191 13,2401 NET ASSETS LIABILITIES £{17,5911 £7,852 FUNDS Restricted f unds Unrestricted funds 19,399 136,9901 9,409 11 5571 £ll7,5911 £7,852 The f'nancial statemerLts were approved by the trustees on 26th January 2023. A.P. ROBERTS TRUSTEE Re8lStered Charity No: 1171493

Page 5 SPORT LEGACY FOUNDATION NOTES TO ACCOUNTS I. LEGAL STATUS OF CHARITY Sport Legacy Foundatlon Is reglstered wlth the Charlty CorroLsslon In Unlted Klngd¢)m as a charlty. The charlty's regLstered ntwober Is 1171493. The eharlty Is the beneflclal owner of IOOX of the Issued share eapltaL of a tradlng subsldlary eompanyi SFL{UKI Ltd. SFLIUKI Ltd Is reglstered In EngLand & Wales wlth company number 8191495. These accounts are eonsolLdated to include the results of SFLIUK} Ltd for the year ended 31st March 2022. 2. ACCOUNTING POLICIES Aecountln conventlon The ftrLarLcial State￿entS have been prepared in accordance wlth AccourLtlng arLd Reporting by Charitles: StateTrent of Recownended Practice appltcable to charltles preparing their accounts in accordarLce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS L021 {effective 1st January) 2015) Icharities SORP {FRS 102) l The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charity Act 2011. The charlty has taken advantage of the provlslons Ln the SORP for charltles applylng FRS 102 Update BulLetln I not to prepare a Statement of Cash Flows. Sport Legacy Foundatlon meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllltles are inltlaLly recognised at historleal cost or transaction value unless otherwise stated in the relevant accounting policy notes. The flnancial statements are prepared In sterling? which is the functlonal curreney of the charity. Monetary amounts in these finaneial statements are tounded to the nearest £. The principal accounting policies adopted are set out below: Goin Concern At the tlme of approvlng the flnanclal statements, the trustees have a reasonable expectatlon that the eharlty has adequate resources to eontlnue In operatlonal existenee for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these finaneial statements. Income Donations and other fotm of voluntary Income are recognised as income wFLen receivable except insofar as they are incapable of financial ￿eaSure￿)ent. Ineome from other trading activities is reeognised when reeeivable.

Page 6 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTING POLICIES eont. Ex enditure Expendlture Is aeeounted for on an aeeruals basls. Charitable expenditure comprises those costs incurred the delivery of activities and services for the beneficiaries. All costs are allocated between the expenditure categories of the StateTllerLt of Financial Activities on a basis designed to reflect the use of the resource. relatlng to a particular activlty are allocated directLy. Costs Fund accountln Unrestricted futLds are donations and other Income resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specifie purposes as laid down by the donors. Expenditure which meets these criteria is charged ta the fund. The purposes and uses of the restricted funds are set out in the Thotes to the financial state]rLents. Debtors Debtors are recognised at the settle]rLent ￿￿ollnt due after any discoiiILt offered. Prepayrnents are valued ac the amount prepaid nec of any dlscounts due. Cash at bank and In hand Cash at bank and in hand are basic financiaL assets and include cash in hand, deposits held at call with banks, other short tertll liquid investtllents with original aturities of three ]Donths or less and barLk overdraf t. Bank overdrafts are shown ithin borrowings in current liabilities. Credltors and rovlslons Creditors and provisions are recognised where the charity has a present obligation resulting frorn a past event that wlll probably result tn the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably.

Page 7 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTING POLICIES cont. Flnanelal Instruments The charity has elected to apply the provtstons of Seetion 11 IBastc FlnarLcial Instrujnents and SectLon 12 ¢Other Financlal Instruments Lssues of FRS 102 to aLI of Lts f Lnanclal lThstrurnents. Flnanclal Instruments are recognLsed In the charlty's balance sheet when the charlty becomes party to the contractual provlslons of the Instrument. Flnanclal assets and Ilabllltles are offset. wlth the net amounts presented In the flnancial statements, when there is a legalLy enforeeable rlght to set off the recognised a]nounts and there is an intention to settle on a net basis Or to reallse the asset and settle the liablllty slmultaneously. Basic f inancial a88ets Basle flnanelal assets* whlch Include debtors and eash and bank baLanees, are Inltially measured at transaetlon prlee includlng transaction costs and are subsequently carried at amortLsed cost using the effective Interest method unless the arrangement constitutes a financing transactiontr when the transaction is ]neasured at the present value of the future receipts discounted at a ]llarket rate of interest. Financial assets classified as receivable within one year are not alllortised. Basic f inancial liabilities Basie flnaneial liabilitiestr including eredLtors and bank loans are itLLtially reeo8nised at transaction price unless the arrangement constitutes a flnaneing transaction where the debt instrument is ￿eaSured at the present value of the future payTrents discounted at a market rate of interest. Financial liabilities classified as payable within one year are nat ￿￿ortISed. Debt Lnstruments are subsequently carried at amortLsed cost, usLng the effectlve Lnterest rate method. Trade credltors are obllgatlons to pay for goods or servlces that have been acqulred In the ordlnary course of operatlons from suppllers. A]Dounts payabLe are classlfled as current IlablLltles If payment Ls due wlthln one year or less. If not, they are presented as non-current Llabllltles. Trade credltors are reeognlsed Inltlally at transaetlon prlce and subsequentLy measured at amortlsed cost uslng the effeetlve Lnterest method. lo ee benef its There were no beneflts In klnd provided to employees.

Page 8 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 3. INCOME FROM CHARITABLE ACTIVITIES Sales wlthin Charltable aetlvltles £61,079 £51,294 Anal sis b FutLd Unrestricted funds Restricted funds 51,089 9,990 47,702 3,592 £61,079 £51,294 Restrlcted Funds anal sls Grants and donatlons £9,990 £3,592 Coronavlrus Job Retentlon Seheme received from the government as at 31" March 2022 totaling £7, 167 12021 £15 5001 are included in income fro￿ charitable aetivities. 4. RAISING FUNDS Seeklng donatlons, grants & legacles £5,700 5. CHARITABLE ACTIVIITES Unrestricted Funds 2022 Restricted Funds 2022 Total Total 2022 2021 Staff costs Freelance manager, s f ees Rent Travel & subslstence Slte manage)Dent Postage & Statlonery Insurance Telephone Accountancy Sundry Bank charges General ￿aintenance Coaehing f ees Sports clothlng & equLpment Computer costs Interest 21,700 13,698 3,600 1,655 894 553 909 2,364 3,600 590 106 18,555 10,568 1,049 1,145 262 21,700 13,698 3,600 1,655 894 553 909 2,364 3,600 590 106 18,555 10,568 1,049 1,145 262 21,546 14,893 3,600 268 294 872 2,240 4,740 327 60 9,984 1,430 263 718 240 £81,248 £81,248 £61,475

Page 9 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 6. TRUSTEES None of the trustees or any persons eonneeted to them receLved any remuneratLon benefits or expenses from the eharity during the year. 2022 2021 7. STAFF COSTS Staff costs were as follows: Salaries Social security costs Ternporary staf f 20,000 1,540 160 19,999 L,547 £21,700 £21,546 No employee recelved emolurnents of more than £60,000. The average number of empLoyees durlng the year was as follows: Management FIXED ASSETS INVESTMENTS The Charit Investment In subsldlary company £100 £100

Page 10 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 FIXED ASSETS The Charlt & Its subsldlar The charity is raising funds to acquLre and redevelop land to build a new comunity sports club. The additions irL the year are for architect and legal fees for this develop￿eTht. The costs will be depreciated once the structure has been built and is available for use and econo]nic benefits will flow ta the entity. COST Land and bulldln BaLanee as at 1st Aprll, 2021 Addltlons Dlsposals 9,600 Balance as at 31st March 2022 £9,600 DEPRECIATION Land and buildln Balance as at Igt April, 2021 Charge f or the year Disposals Balance as at 31st March 2022 NET BOOK VALUE Balance as at 31st March 2022 £9,600 10. DEBTORS The Charlt & Its subsldlar Trade debtor Other debtor 4,433 109 3,597 4,359 £4,542 £7,956 The Charit Balanee due from subsidiary company Other debtors 12,030 4,250 £16,280

Page 11 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR The Charit & its subsidiar Loans repayabLe Accruals & accrued Incorne Other credltors 6,255 10,822 1,122 8,725 1,824 £18,199 £10,549 The Charlt Balance due to subsldlary company Loans repayable Accruals & accrued ineo]lle Other creditors 1,394 5,161 6,930 5,700 loo £13,485 £5,800 12. CREDITORS AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR The Charit & its subsidiar Loan repayable £37,725 £3,240 The Charlt Loan payable £22,819 £3,240 13. MOVEMSNT IN FUNDS The Charit & its subsidiar Balance 01.04.21 riovement Resources Ineomln Out oln Balance 31.03.22 Unrestricted f unds Restricted 111,7751 9,409 5L,089 9,990 (86,9481 147,634) 19,399 £12,366) £61,079 £(86,9481 £128,235)

Page 12 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 14. RELATED PARTIES Mr Andrew Roberts, a trnstee, donated £17,000 and lent £3,000 to the charlty to enable a grant to be repaLd as the reasons for It beLng made were no longer applicable. The loan carries interest at 8% per annurn and is repayable when the re￿aining Trustees {other than Andrew Roberts) deem It reasonable arLd prudent, (acting reasonablyl, to repay the loan having regard to the available cash flows of the charity. The loan will not be repaid, in whole or in part in circu￿stanceS where there is a reasonable likelihood that any unseeured creditor whose clailll arose earlier in ti]De would not be repaid as a r&sult of giving priorlty to the Loan provlded by Andrew Roberts. 15. SUBSE UENT EVENTS Jane Power, the Chtef Executlve, donated £15,000 In SepteTnber 2022. The donatlon has been made In order ro part repay a prevlous donatlon and the above-mentloned loan to Andrew Roberts.

Registered Charity Nurnber: 1171493 SPORT LEGACY FOUNDATION FINANCIAL STATEMENTS YEAR ENDED 31ST MARCH 2022

Page I THE SPORT LECACY FOUNDATION NO. OF CHARITY - 1171 YEAR ENDED 31ST MARCH 2022 INDEPENDEwf EL4MINER>S REPORT TO THE TRUSTEES OF THE SPORT LECACY FOUNDATION GROUP "the Grou I report to the trustees on TOY examlnatlon of the consoLldated accounts of the Group comprlslng The Sport Legacy Foundatlon (the charltyl and Its subsldlary undertaklng for the year ended 31st Mareh, 2022. Responsibilitles and basls of report As the trustees of the charity you are responsibLe for the preparation of the consolidated accounts of the Group in accordance with the requiretllents of the Charities Act 201L (ffj4the Act") and you have chosen to prepare consolidated accounts for the Group. You are satlsfied that the accounts of both the Charity and the Group are not requlred by charlty Law to be audlted and you have chosen Instead to have an ndependent examlnatlon. I report respect of my examlnatlon of the eonsolldated accounts earrled out under seetlon L45 of the 2011 Act. In earrying out my examLnatlon I have followed the DLreet£ons given by the Char£ty Commission under seetion 145151 Ibl of the Act. An independent exatllination does not involve gathering all the evidence that would be required in an audit and consequently does not cover all the matters that an auditor congiders in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurarLce that an independent eXa￿l￿atIO[L can provide. Consequentlyy I express no opinion as to whether the consolidated accounts present a true and f air view and rny report is li]nited to those specific ￿￿tterS set out in the independent exa]niner s statement. Independent examlner, s statement I have compLeted my examlnatlon. L conflrm that no matters have come to my attentlon in connectlon wlth the examinatlon givlng me cause to belLeve: accounting records, with respect of the charity* were not kept as required by section 130 of the 2011 Act" and with respect tts its subsidiaryp were not kept as required by Section 386 of the Co￿panieS Aet 2006" or the accounts do not aecord with those records. or the accounts do not comply with the applicable requirements concernlng the forrn and content of accounts set out In the Charltles (Accounts and Reports) RegulatLons 2008 other than any requlrement that the accounts gLve a "true and fair" vLew which Is not a matter considered as part of an independent examLnatlon: or the accounts have not been prepared In accordance wlth the Toethods and prlnclples of the Statement of Recommended Practlce for accountlng and reportlng by eharltles {applleabLe to eharltles preparlng thelr accounts In aecordanee wlth the Flnanclal Reportlng Standard appllcable in the UK and RepubLIc of Ireland {FRS I02}1 I eonfir]ll that there are rLO Other ￿atterS to which your atterLtion should be draTrm to enable a proper understanding of the accounts to be reached. R. KNIG T, FCCA, ATII NETr￿oN AND GARNER LIMITED CHARTERED ACCOUNTANTS BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA Date: 27th January, 2023

Page 2 SPORT LEGACY FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST MARCH 2022 Unrestricted Restrlcted Total Funds Funds Funds 2022 2022 Total Funds Notes INCOME Charltable aetlvltles 51,089 9,990 61,079 51,294 EXPENDITURE RaLslng funds Charltable actlvLtles 5,700 81,248 5,700 81,248 61,475 TOTAL EXPENDITURE £86,948 £86,948 £61,475 NET EXPENDITURE FOR THE YEAR NET MOVEMKNT IN FUNDS (35,8591 9.990 125,8691 (10,181) RECONCILIATION OF FUNDS BaLance at 1st Aprll. 2021 (11,7751 9.409 12,3661 7,815 BALANCE AT 31ST MARCH 2022 13 £{47,6341 £19,399 £128,235) 12,366)

Page 3 SPORT LEGACY FOUNDATION CONSOLIDATED BALANCE SHEET AT 31ST MARCH 2022 Notes 2022 2021 FIXED ASSETS Land and buildings 9,600 CUIUiENT ASSETS Debtors Cash at bank and In hand io 4,542 13,547 7,956 3,467 18,089 11,423 CREDITORS ATnounts falling due within one year 11 118,1991 110,5491 NET CURRENT ASSETS LIABILITIES (iioi 874 CREDITORS Arnount faLllng due after more than l year 12 137,7251 {3,240) NET ASSETS LIABILITIES £128,235) £{2,366) FUNDS Restrleted funds Unrestrlcted funds 13 13 19,399 147,6341 9,409 111,775) TOTAL CHARITY FUNDS £128,235) £{2,366) TFLe financial statetllents were approved by the trustees on 26th January 2023 A.P. ROBERTS TRUSTEE Reglstered Charlty No: 1171493

Page 4 SPORT LEGACY FOUNDATION BALANCE SHEET AT 31ST MARCH 2022 Notes 2022 2021 FIXED ASSETS Invest￿entS in subsidiary Land and bulldings loo 9,600 LOO 9,700 loo CURRENT ASSETS Debtors Cash at bank and in hand LO 16,280 512 9,013 9,OL3 16,792 CREDITORS Amounts falllng due wlthln one year 11 (13,485) 15,8001 NET CURBINT ASSETS LIABILITIES (4,4721 10,992 CREDITORS knounts falling due after ￿tsre than L year LO {22,8191 13,2401 NET ASSETS LIABILITIES £{17,5911 £7,852 FUNDS Restricted f unds Unrestricted funds 19,399 136,9901 9,409 11 5571 £ll7,5911 £7,852 The f'nancial statemerLts were approved by the trustees on 26th January 2023. A.P. ROBERTS TRUSTEE Re8lStered Charity No: 1171493

Page 5 SPORT LEGACY FOUNDATION NOTES TO ACCOUNTS I. LEGAL STATUS OF CHARITY Sport Legacy Foundatlon Is reglstered wlth the Charlty CorroLsslon In Unlted Klngd¢)m as a charlty. The charlty's regLstered ntwober Is 1171493. The eharlty Is the beneflclal owner of IOOX of the Issued share eapltaL of a tradlng subsldlary eompanyi SFL{UKI Ltd. SFLIUKI Ltd Is reglstered In EngLand & Wales wlth company number 8191495. These accounts are eonsolLdated to include the results of SFLIUK} Ltd for the year ended 31st March 2022. 2. ACCOUNTING POLICIES Aecountln conventlon The ftrLarLcial State￿entS have been prepared in accordance wlth AccourLtlng arLd Reporting by Charitles: StateTrent of Recownended Practice appltcable to charltles preparing their accounts in accordarLce with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS L021 {effective 1st January) 2015) Icharities SORP {FRS 102) l The Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 and the Charity Act 2011. The charlty has taken advantage of the provlslons Ln the SORP for charltles applylng FRS 102 Update BulLetln I not to prepare a Statement of Cash Flows. Sport Legacy Foundatlon meets the deflnltlon of a publlc beneflt entlty under FRS 102. Assets and Ilabllltles are inltlaLly recognised at historleal cost or transaction value unless otherwise stated in the relevant accounting policy notes. The flnancial statements are prepared In sterling? which is the functlonal curreney of the charity. Monetary amounts in these finaneial statements are tounded to the nearest £. The principal accounting policies adopted are set out below: Goin Concern At the tlme of approvlng the flnanclal statements, the trustees have a reasonable expectatlon that the eharlty has adequate resources to eontlnue In operatlonal existenee for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing these finaneial statements. Income Donations and other fotm of voluntary Income are recognised as income wFLen receivable except insofar as they are incapable of financial ￿eaSure￿)ent. Ineome from other trading activities is reeognised when reeeivable.

Page 6 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTING POLICIES eont. Ex enditure Expendlture Is aeeounted for on an aeeruals basls. Charitable expenditure comprises those costs incurred the delivery of activities and services for the beneficiaries. All costs are allocated between the expenditure categories of the StateTllerLt of Financial Activities on a basis designed to reflect the use of the resource. relatlng to a particular activlty are allocated directLy. Costs Fund accountln Unrestricted futLds are donations and other Income resources receivable or generated for the objects of the charity without further specified purpose and are available as general funds. Restricted funds are to be used for specifie purposes as laid down by the donors. Expenditure which meets these criteria is charged ta the fund. The purposes and uses of the restricted funds are set out in the Thotes to the financial state]rLents. Debtors Debtors are recognised at the settle]rLent ￿￿ollnt due after any discoiiILt offered. Prepayrnents are valued ac the amount prepaid nec of any dlscounts due. Cash at bank and In hand Cash at bank and in hand are basic financiaL assets and include cash in hand, deposits held at call with banks, other short tertll liquid investtllents with original aturities of three ]Donths or less and barLk overdraf t. Bank overdrafts are shown ithin borrowings in current liabilities. Credltors and rovlslons Creditors and provisions are recognised where the charity has a present obligation resulting frorn a past event that wlll probably result tn the transfer of funds to a thlrd party and the amount due to settle the obllgatlon can be measured or estlmated rellably.

Page 7 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTING POLICIES cont. Flnanelal Instruments The charity has elected to apply the provtstons of Seetion 11 IBastc FlnarLcial Instrujnents and SectLon 12 ¢Other Financlal Instruments Lssues of FRS 102 to aLI of Lts f Lnanclal lThstrurnents. Flnanclal Instruments are recognLsed In the charlty's balance sheet when the charlty becomes party to the contractual provlslons of the Instrument. Flnanclal assets and Ilabllltles are offset. wlth the net amounts presented In the flnancial statements, when there is a legalLy enforeeable rlght to set off the recognised a]nounts and there is an intention to settle on a net basis Or to reallse the asset and settle the liablllty slmultaneously. Basic f inancial a88ets Basle flnanelal assets* whlch Include debtors and eash and bank baLanees, are Inltially measured at transaetlon prlee includlng transaction costs and are subsequently carried at amortLsed cost using the effective Interest method unless the arrangement constitutes a financing transactiontr when the transaction is ]neasured at the present value of the future receipts discounted at a ]llarket rate of interest. Financial assets classified as receivable within one year are not alllortised. Basic f inancial liabilities Basie flnaneial liabilitiestr including eredLtors and bank loans are itLLtially reeo8nised at transaction price unless the arrangement constitutes a flnaneing transaction where the debt instrument is ￿eaSured at the present value of the future payTrents discounted at a market rate of interest. Financial liabilities classified as payable within one year are nat ￿￿ortISed. Debt Lnstruments are subsequently carried at amortLsed cost, usLng the effectlve Lnterest rate method. Trade credltors are obllgatlons to pay for goods or servlces that have been acqulred In the ordlnary course of operatlons from suppllers. A]Dounts payabLe are classlfled as current IlablLltles If payment Ls due wlthln one year or less. If not, they are presented as non-current Llabllltles. Trade credltors are reeognlsed Inltlally at transaetlon prlce and subsequentLy measured at amortlsed cost uslng the effeetlve Lnterest method. lo ee benef its There were no beneflts In klnd provided to employees.

Page 8 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 3. INCOME FROM CHARITABLE ACTIVITIES Sales wlthin Charltable aetlvltles £61,079 £51,294 Anal sis b FutLd Unrestricted funds Restricted funds 51,089 9,990 47,702 3,592 £61,079 £51,294 Restrlcted Funds anal sls Grants and donatlons £9,990 £3,592 Coronavlrus Job Retentlon Seheme received from the government as at 31" March 2022 totaling £7, 167 12021 £15 5001 are included in income fro￿ charitable aetivities. 4. RAISING FUNDS Seeklng donatlons, grants & legacles £5,700 5. CHARITABLE ACTIVIITES Unrestricted Funds 2022 Restricted Funds 2022 Total Total 2022 2021 Staff costs Freelance manager, s f ees Rent Travel & subslstence Slte manage)Dent Postage & Statlonery Insurance Telephone Accountancy Sundry Bank charges General ￿aintenance Coaehing f ees Sports clothlng & equLpment Computer costs Interest 21,700 13,698 3,600 1,655 894 553 909 2,364 3,600 590 106 18,555 10,568 1,049 1,145 262 21,700 13,698 3,600 1,655 894 553 909 2,364 3,600 590 106 18,555 10,568 1,049 1,145 262 21,546 14,893 3,600 268 294 872 2,240 4,740 327 60 9,984 1,430 263 718 240 £81,248 £81,248 £61,475

Page 9 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 6. TRUSTEES None of the trustees or any persons eonneeted to them receLved any remuneratLon benefits or expenses from the eharity during the year. 2022 2021 7. STAFF COSTS Staff costs were as follows: Salaries Social security costs Ternporary staf f 20,000 1,540 160 19,999 L,547 £21,700 £21,546 No employee recelved emolurnents of more than £60,000. The average number of empLoyees durlng the year was as follows: Management FIXED ASSETS INVESTMENTS The Charit Investment In subsldlary company £100 £100

Page 10 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 FIXED ASSETS The Charlt & Its subsldlar The charity is raising funds to acquLre and redevelop land to build a new comunity sports club. The additions irL the year are for architect and legal fees for this develop￿eTht. The costs will be depreciated once the structure has been built and is available for use and econo]nic benefits will flow ta the entity. COST Land and bulldln BaLanee as at 1st Aprll, 2021 Addltlons Dlsposals 9,600 Balance as at 31st March 2022 £9,600 DEPRECIATION Land and buildln Balance as at Igt April, 2021 Charge f or the year Disposals Balance as at 31st March 2022 NET BOOK VALUE Balance as at 31st March 2022 £9,600 10. DEBTORS The Charlt & Its subsldlar Trade debtor Other debtor 4,433 109 3,597 4,359 £4,542 £7,956 The Charit Balanee due from subsidiary company Other debtors 12,030 4,250 £16,280

Page 11 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 2021 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR The Charit & its subsidiar Loans repayabLe Accruals & accrued Incorne Other credltors 6,255 10,822 1,122 8,725 1,824 £18,199 £10,549 The Charlt Balance due to subsldlary company Loans repayable Accruals & accrued ineo]lle Other creditors 1,394 5,161 6,930 5,700 loo £13,485 £5,800 12. CREDITORS AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR The Charit & its subsidiar Loan repayable £37,725 £3,240 The Charlt Loan payable £22,819 £3,240 13. MOVEMSNT IN FUNDS The Charit & its subsidiar Balance 01.04.21 riovement Resources Ineomln Out oln Balance 31.03.22 Unrestricted f unds Restricted 111,7751 9,409 5L,089 9,990 (86,9481 147,634) 19,399 £12,366) £61,079 £(86,9481 £128,235)

Page 12 SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 14. RELATED PARTIES Mr Andrew Roberts, a trnstee, donated £17,000 and lent £3,000 to the charlty to enable a grant to be repaLd as the reasons for It beLng made were no longer applicable. The loan carries interest at 8% per annurn and is repayable when the re￿aining Trustees {other than Andrew Roberts) deem It reasonable arLd prudent, (acting reasonablyl, to repay the loan having regard to the available cash flows of the charity. The loan will not be repaid, in whole or in part in circu￿stanceS where there is a reasonable likelihood that any unseeured creditor whose clailll arose earlier in ti]De would not be repaid as a r&sult of giving priorlty to the Loan provlded by Andrew Roberts. 15. SUBSE UENT EVENTS Jane Power, the Chtef Executlve, donated £15,000 In SepteTnber 2022. The donatlon has been made In order ro part repay a prevlous donatlon and the above-mentloned loan to Andrew Roberts.