Re8l$tered Charlty Number: 1171493 THE SPORT LEGACY FOUNDATION FINANCIAL STATEMENTS YEAR ENDED I ST MARCH 2 Page I THE SPORT LEGACY FOUNDATION NO. OF CHARITY - 1171493 YEAR ENDED 31ST MARCH 2023 INDEPENDEEn EXAMINER¥S REPORT TO THE TRUSTEES OF THE SPORT LEGACY FOUNDATION CROUP "the Crou I report to the trustees on my exarnlnatlon of the eonsolldated accounts of the Group comprlstng The Sport Legacy Foundarlon (the charltyl and Its subsldlary underLakln8 for the year ended 31st March. 2023. Re$ponslbllltlè8 and ba41¥ of report As the trustees of the eharlty you art rèsponstble for the preparatlon of the consolldated accounts of the Croup In accordance wlth the requtrements of che Charttles Act 2011 I'the Act") and you have chosen ro prepare consolldated accounts for the Group. You are satls£led that the aeeountg of boch thè Charlty and the Group are not requtred by charlty 18W to be audlted and you have chosen Instead to have an ndèpendent examLnat lon. I report In respect of my examlnatlon of the consolldated accounts carrled out under sectlon 145 of the 201I Acc. In carrylng out my examlnatlon I have followed the Dlrèctlons gtvÈn by the Charlty Commlsslon under &è¢tton 14515) Ibl of rhe Act. An tndependent examtnacton does noc Involve 8acherln8 all che evtdence rhat would be requlred In an audlt and consequently does not cover all the matterg th8[ an audltor conslders In gavlng thelr oplnlon on the accounts. The plannlng and conduct of an audlc goes bèyond thè ILmttÈd Assurance that an tndependenc examlThatLon can provlde. Consequently• I expre88 no oplnlon a8 to whether the eonsolldated 8eeounts prÈBènt 8 'true and falr, vlew and my report 18 llnlted to ch08e 8peclflc matters set out In the Independent Èxam£nÈr' s stateulent. Independent examlner 8 ¥tatement L have ¢owpleLed my ÈxamLnaclon. I conflrm that no matter9 have come to My attentlon In connèctlon wlth the examlnatlon 8lvln8 me cause to belleve: accountlng records, wlth respeet of the charltyi were not kept ag requlred by se¢cton 130 of the 2011 Act; and wlth respect to Its 8ubsldlary? were noc kept as requlred by Sectlon 386 of the Companles Acc 2006; or the accounts do noc accord wlch Lhose records: or the aeeounts do not comply wlth the appllcable requlrements concernlng che form and Content of accounts set out In che Charltles (Accounts and Reports) Re8ulatlons 2008 ocher chan atty requlrement that the accounts 8lve a 'true and falr" vlew whlch Is not a matter consldered as part of an Independent exatylnatlon: rhe aecounts have not been prepared In accordaThce wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportln8 by charltles lapplleable to charltles preparlng thelr 8ccounts In accordance wlth the Flnanclal Reportlng Standard applleable In the UK and Republ1¢ of Ireland {FRS 102)) I conflrm rhat rherè arè no other matters to whlch your artentlon should be drawn to enable a proper understandlng of the accounts to be reached. GHT, FCCA, ATII NMON AND GARNER LIMITED CHARTERED ACCOUNTANTS BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA Date: 205P P&8e 2 THE SPORT LEGACY FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIE YEAR ENDED 31ST MARCH 202 Unrestrlcted Restrleted Total Funds FuThds Funds 2023 023 2023 Total Funds 2022 Notes INCO Charltable aetlvltle$ 50.048 11,892 61.940 61,079 EXPENDIT Ralslng funds Charltable a¢tlvlcle$ 307 73,299 307 73,299 5,700 TOTAL EXPENDITURE £73,606 £73,606 £86.948 NET EXPENDITURE FOR THE YEAR NET MOVEMENT IN FUNDS (23,558) 11.892 {11 666) 125,8691 RECONCILIATION OF FUND Balance ac 1st Aprll. 2022 147.6341 19,399 {28,2351 12,366) BA NC AT 13 £171.1921 £3l,29l £(39,9011 £128,2351 Pase 3 Land and bulldltts• 11,300 9,600 D•btor• Ca•h at b•nk #rAd In haod io 1.240 Z.552 4.542 13,547 3,798 18.089 fallln8 du• vlthln one y••r 11 120,800) 118, 199) ij.. <17.002) Iiio) ount falllng du• af¢•r wre rh•n l y•ar 12 (34,199) 137.723) £(39.9011 £128,235) R•fytrlcted fund8 Unre8rrleted fund• 13 13 31.291 (71,1921 19.399 (47.6341 £(39,901) t(28,235) Inan¢lal •tataoènt• wer• approved by the tnx*tee• Zl sl EtceMLfvJ 2023 BERT8 TRUSTEE R•8l•¢•r•d Charlty Ilo 1 1171493 Pa8e 4 Inve8tA•rit• In &ub•ldl•ry L•Trd •nd bulldln88 100 11.300 loo 9.600 11,400 9.700 Debtor Ca8h at b•nk and In h•nd io 2.538 9.013 2.538 9,013 Amount# falllns due wlthln on• year 11 (28.479) {13.485) {25,941) (4,472) mounts foll£n8 due after more than l year 12 (20,75I) (22.819) £(35,292) (17,591) ReBtrlcted fund6 Unrestrlcted £und8 31.291 (66,583) 19.399 (36.990) £(35,292) t(17,591) Th flnanclal atemenf8 were approved by the tru8tee8 OD 2023, ROBERTS - RUSTEE R•8Lfjter￿ Charlty Ilo: I 171493 Page 5 ThE SPORT LECACY FOTJPIDATION NOTES TO ACCOU1￿$ L. LEGAL STATUS OF CHARITY Sport Legacy FoundatLon Is reglstered wlth the Charlty CoTtsmlsslon Ln Unlced E(Ingdorn as a charlty. The charlty's reglstered number Is 1171493. The charLty Is the beneflclal otmer of IOOX of the Issued share capItaL of a tradlng subsldtary company? SFLIUKI Ltd. SFL{UK) Ltd Is reglstered In England & Wales wlth company number 8191495. These accounts are consolldared to Include the results of SFLIUKI Ltd for the year ended 31st Mareh 2023. 2. ACCOUNTINC POLICIE Accountln conventlon The f Inanclal statements have been prepared In accordance wlth Aceountlng and Reportln8 by CharLtLes: Statement of Recomrnended Practlce appLlcable to charlt les prepartng thetr account$ In accordance wlth the Flnanclal ReportLng Standard applleable Ln the UK and RepubLle of Ireland IFRS 1021 (effectlve 1st January? 20151 ICharltLes SORP IFRS I02) l The FlnanclaL Reportlng Standard applleable In che UK and Republle of Ireland (FRS 102) and the Charlcy Act 2011. The charlty has taken advantage of the provlslons tTh the SORP for charLttes applytng FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. Sport Legacy Foundatlon meets the defLnLt£on of a publ£e benefLt ent£ty under FRS 102. Assets and Llabllltles are Inltlally recognlsed at hlstorleal Cost or transaetlon value unless otherwlse stated In the relevant accountlTh8 poLlcy notes. The flnanclal statements are prepared In sterltngi whLch Is che fuThctlonal curreney of the charlty. Monetary arnounts In these ftnanctal statements are rouTLded to the nearest £. The princtpal aceountlng pollcles adopted are set out below: Goln Concern At the tlmé of approvlng the flnanclal staternents, the trustees have a reasonable expeetatlon that the charlty has adequate resourees to contlnue In operaclonal exlstence for clLe foreseeable future. The chartty has been awarded several new grants from natlonal goverrklng bodles of sporr and nattonal lottery charlties between March-November 2023 amountlng co more than £60,000, new Contracts wlch MATS (rnulti academy trusts) In Blrmlngharn and Bradford Leeds and support fro]n Investment companles. Thus, they contlnue to adopt the golng concern basls of accountlng preparlng these f Inanclal scatements. Incorne Donatlons and other forms of voluntary Income are recognlsed as Income when recetvable* exeept Lnsofar as they are Incapable of flnanctal measureTDent. Incowe f rom other tradln8 actlvltles Is recognlsed when recelvable. Page 6 ThE SPORT LEGACY FOUNDATION NOTES TO THE Accoulirs 2. AccouiifINC POLICIE ¢ndlture Expendlture 18 accounted for on an accruals basls. CharLtable expendlture ¢ompr*ses tho$e Costs Incurred the dellvery of actlvltles and servlce8 for the benefLcLarles. ALI costs are allocated between the expendlture ¢ate8orles of che Statement of F£n8nel81 Aetlvlttes on a basls de$l8ned co reflect the use of the resource. relatln8 to a partlcular aet£vlty are alloeated dlrecrly. Costs Fund 8eeountlrt Unrestrlcted funds are donatlons and ocher Income re8ource8 recelvable or generated for the objects of the charlty wlthout further spec£f led purposé and are ava£l8ble as general funds. Rèstrt¢ted fund$ are t¢ be usèd for $pe¢£f£e purposes as lald dcwn by the donors. Expendlture wh£ch meets these erlterI8 Is ehar8ed to the fund. Thè purposes and uses of the re8trlcted funds are Set out In the notes to the flnanclal stacements. Debtor Debtors are recognlsed at the settlement amount due after any dlscount offered. PrePaY￿entS are valued 8C the awouThc prepald net of any dLscounts due. Cash at bank and In Cash at bank and In hand are basle flnanelal assets and Inelude Cash In hand, deposlts hèld 8t e811 wlth banks, other short tern Ilquld Investments wlth orl8lnal maturltles of three months or less, and bank overdraft. Bank overdrafts are shown borr¢)wlngs In current Ilabllltles. Credltors and rovlslong Credltors and provlslons are reeognlsed where the charlty has a present obllgatlo resulrtng from a past event that wlll probably result In the transfer of funds to a thlrd party and che afflount due to settle the obll8atlon can be measured or estlrnated reltably. Page 7 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTINC POLICIES cont. Flnanclal Instruments The charity has elected to apply the provlslons of SectLon 11 'Baslc Flnanctal Instruments and Seetlon 12 '0ther Flllanctal Instrurnencs Issues, of FRS 102 to all of Its f £nanclaL Instruments. Flnanclal Instrujrtents are reeognlsed the charlry's balaThce sheet when the eharlty becomes party to the contractuaL provlslons of the tnstrument. Ftnanclal assets and LlabLILtles are offset, wlth the net amounts presented In the ftnanclal staLements, when rhere Is a legally enforceable rlght to set off the reco8nised amourlts aThd there is an tntention to sectle on a net basls or to reallse the asset and sèttle the IlabllLLy slmultaneously. Basle flnanclal assets Baslc flnanclaL assets, whlch Inelude debtors and cash and bank balances, are ntttally measured at transactlon prlce Lncludlng transaetlon eoscs and are subsequently earrled at a]llorttsed cost uslng the effecrlve Interest method unless the arrangement constltutes a flnanclng transaetlon. when che transactlon Is measured at the present value of the future recelpts dtscounted at a market rate of Lnterest. Ftnanclal assecs classlfled as recelvable wlthln one year are not aanortlsed. Baslc f Inancial Ilabllltles Baslc flnanelal Ilabllltles, Includlng eredltors and bank loans are Inltlally reco8nlsed at transactlon prlce unless the arrangement eonstltutes a flnanelng transact ton where the debc Instrument Is rneasured at the present value of rhe future payments dlseounted at a market rate of Interest. Flnanclal ILablllties elasslfled as payable wlthin one year are not a]Dortlsed. Debt Instruments are subsequently carrled at amortlsed cost. uslng the effectlve Lnterest rate method. Trade eredltors are obllsatlons to pay for 8oods or $ervlces that have been acqulred In the ordlnary course of operations frorn suppllers. AmourLts payable are elasslfled as eurrent Llabllltles If payrnent Ls due wlthtn one year or less. If not. they are presented as non-current Ilabllltles. Trade credltors are recognlsed InltLally aL transaetlon prlee and subsequently measured at amorctsed cost using the ef fectlve Lnrere$t method. ee beneflts There were no beneflts In klnd provlded to enployees. Page 8 TEE SPORT LEGACY FOUIIDATION NOTES TO THE ACCOUl￿s 2023 2022 INCOME FROM CHARITABLE ACTIVITIES Sales wlthLn Charltable actlvLtles £61,940 £61,079 Anal sls b Fund Unrestr icted funds Restrlcted funds 50,048 11.892 51,089 9.990 £61,940 £61,079 Restrleted Funds anal sls Grants and donatlons £11,892 £9,990 There was no CoronavLrus Job Recentlon Scheme recelved from the government as at 21st Mareh 2023, 12022 £7. 167) are Included In Income frorn charttable acttvltles. 4. RAISINC FUNDS Seeklng donaclons, grants & legacLes £307 £5,700 5. CHARITABLE ACTIVIITES Unrestrlcted Funds 2023 Restrtcted Funds 2023 Total 2023 Total 2022 Staff costs Freelanee manager, s f ees Rent Travel & subslstence Slte manageytsent Postage & Sratlonery Insurance Telephone Accountancy Sundry Bank chargès General malncenance Coachlng f ees Sports clothlng & equlprnent Computer costs IThterpst 15.857 14.598 3,600 2. 160 3,664 306 920 557 4,200 269 48 L2,160 11,935 885 955 1.185 15,857 14,598 3,600 2, 160 3,664 306 920 557 4,200 269 48 12. 160 11,935 885 955 l.l85 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 £73.299 £73.299 £81,248 Page 9 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 6. TRUSTEES None of Lhe trustees or any persons connected to chem recelved any remuneratlon beneflts or expenses from the charlty durlng the year. 2023 2022 7. STAFF COSTS Staff costs were as follows: Salarles Soc lal securlty costs Temporary scaf f 15,000 857 20,000 1,547 160 £15,857 £21.700 No employee recelved emolumencs of more rhan £60.000. The average number of employees durlng che year was as follows:_ Management FIXED ASSETS INVESTMENTS The CharLt Investment In subs tdlary company £100 £100 Pa8e 10 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 FIXED ASSETS The Charlt & Its subsldlar The charlty Ls ralslng funds to aequlre and redevelop land to bulld a new communlty sports Club. The addltlons In the year are for archltect and legal fees for chls deveLopment. The co$r$ wlll be depreclated once the structure has been butLt and Is avalLable for use and eeonotyle beneflts wlll flow to the entlty. COST Land and bulldln Balance as at 1st Aprll. 2022 Addltlons Dlsposals 9,600 1,700 9,600 Balance as at 31st March 2023 £11,300 £9.600 DEPRECIATIOW Land and butldln Balance as at 1st Aprll. 2022 Charge for rhe year Dlsposals Balance tts at 31st March 2023 NET BOOK VALUE Balance as at 31st March 2023 £ll,300 £9,600 10. DEBTORS rhe Charlt" & Its subsldlar Trade debtor Ocher debtors 1,246 4,433 109 £1.246 £4.542 The Chartt BaLance due from substdlary company Other debtors Page 11 THE SPORT LEGACY FOUNDATIOII NOTES TO THE ACCOUNTS 2022 CREDITORS: AMQUNTS FALLING DUE WITHIN ONE YEAR The Charlt & Its subsldlar Loans repayable Accruals & aecrued Ineome Other cred£tors 4,719 9,726 6,355 6.255 10,822 1, 122 £20,800 £18, l99 zz= The harlt B8lancÈ dut to $ubBldtary company Loans repayable Accruals & accrued Income Other ered£tors 17,126 2.863 8,490 1,394 5,161 6,930 £28,479 £13,485 ZZ2= CREDITORS AMOUNT FALLING DUE AFfER IIORE THAN ONE YEAR The arlt & Its 8ub8ldl8r Loans payable £34, 199 £37,725 The Charlt Loans payable £20,751 £22,819 13. MOVKMENT IN FUNDS arlt It8 subsldlar B8lane¢ Movement In Resouree8 Ineom Out olTh Balance l.03.2 Unrestrlcted funds Restrlcted {47.634) 19,399 50,048 173.6061 171, 1921 £128.235) £61,940 tI73,606) £139,901) Page 12 THE SPORT LECACY FOUNDATION NOTES TO THE ACCOUNTS RELATED PARTIES In prevlous years, Mr. Andrew Roberts, a trustee, donated £17.000 and gave £3.000 to the charlty to enable a grant to be repatd as the reasons for It beLn8 made were no longer appLleable. Jane Power, the Chtef Executlve, donated £15.000 In September 2022 whLch attracted Clft Ald. The donatlon wag made to part repay the prevlous donatton and rhe above- mentloned loan to Andrew Roberts. ## 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 2023 1 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 S. 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 2 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 2023. ## **MISSION AND OBJECTIVES** Sport Legacy Foundation (SLF) is a sport and education charity established in 2017 and dedicated to offering opportunities through sport and education to disadvantaged young people. Our offer to young people is founded on three areas: **People, Resources, Spaces:** - People: - we believe that everyone can be amazing at sport. They just need help to find out which sport that is and what makes them happy and fulfilled. - we believe that sport and education are inextricably linked, and every young person should be offered both to ensure physical and mental wellbeing all their life. - - Resources: - we believe that everyone should be given equal opportunities whatever their social or financial circumstances. - - Spaces: - we aim to provide premium destinations for young people and their communities to enjoy activities year-round. ## _**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 2022-23 many schools in England & Wales reduced their required PE programmes to one hour per week and in some cases even less. We help young people to discover what they are brilliant at by funding extra-curricular sport and physical activities in state schools in Birmingham and, from 2024, 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 after the ICC Cricket World Cup T20 in 2024. SLF’s experience of delivering such work has witnessed the development of extraordinary talent amongst young people – teenaged boys from highly diverse communities in the Black Country showing special skills in our Football & Food programme; Year 6 girls from the 3 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. British South Asian community who display top tennis skills at our summer camp; a challenged Year 5 boy with sight disability playing tennis - 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 have SEND status or are failing to reach national academic 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 sixth 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: - Quantitative data. SLF collects pre and post evaluation data based on a series of core questions. These are based on the sports and general life skills described in Mission and Objectives above but also include tailored questions that reflect the particular programme delivered. - Qualitative data. Feedback is also collected from students themselves after they have finished a particular programme. This helps guide us in the creation and improvements of future programmes. - Data capture relevant to students, teachers and schools where SLF’s programme is delivered. ## **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 five years. We are also funded by corporate partners Central Co-operative in Birmingham and receive in-kind assistance from solicitors Squire Patton Boggs. This support enables SLF to deliver coaching programmes in schools which would otherwise not be able to fund sport and physical activity. 4 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. Whilst direct funding from Multi Academy Trusts (MATs) dwindled between 2020-2023 we hope to re-establish the work we do with them from 2023-24. 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. Following the launch of our new education and coaching resources tool _**Building Character through Sport**_ **(BCtS),** at the Sport for Life Centre in Birmingham in August 2021 (see below), we are delighted now to be working with the Deputy Pro Vice Chancellor, University of Birmingham (UoB) to develop it further. Aiming for a launch in mid-2024, BCtS will be tested through Multi-Academy Trusts (MATs) first of all in Birmingham and Bradford Leeds, and then further afield including overseas territories. Skill drills have now been fully tested proving their power to change young people’s lives, and include 14 main characteristics:- Courage Kindness Respect Curiosity Leadership Self-control Enthusiasm Motivation Social intelligence Gratitude Patience Sports skills Integrity Resilience To introduce **BCtS** to the wider community, SLF partnered **University of Birmingham (UoB)** developing a podcast series on Spotify ‘ _Conversations on Character: Commonwealth Games Special_ ’ with the Jubilee Centre for Character & Virtues. Guests included: - **Wasim Khan MBE** , General Manager International Cricket Council, - **John Crabtree OBE** , Chair Board of Directors Birmingham 2022, - **Heather Knight OBE** Captain England cricket team, - **Ebony Rainford-Brent MBE** TV/Radio broadcaster & former England cricketer, - **Moeen Ali OBE** , Vice-Captain England cricket team with 5 further guests to join in 2022. - - **Imad, Isah and Zoya,** Students Birmingham - **Jordanne Whiley MBE** , Paralympic Tennis Medallist & Champion SLF is now planning a book and a second series with UoB. The podcast is available on SPOTIFY on link https://open.spotify.com/show/4dsIg070riLopy6nU3gyXh In the Caribbean, SLF has forged links with tour companies and schools in England & Wales including St Hugh’s Prep School, Oxfordshire, to fundraise prior to their cricket and netball tours to Barbados each year. St Hugh’s students and families have been incredible over the 5 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. 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 the 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 under-used outdoor cricket, football or tennis facilities, to co-develop or upgrade new spaces. One such project is now underway with planning permission submitted by Persimmon Homes Central and an SLF partnership agreement agreed with Central 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. Designs for a combined indoor cricket and tennis facility have been drawn up by Raise Partnership and we have met with local MP Jess Phillips and Sport England to present our plans as well as the England & Wales Cricket Board and Aston Villa Football Club’s Foundation. A second will start in 2024 in Bradford with the Lawn Tennis Association and local council support. ## **5. Post Covid-19 Pandemic** 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 during the worst period of the pandemic from March 2020. The situation improved slightly in 2021 and we successfully opened up our coaching in Birmingham and our cricket ground and sports facilities as well during the summer. Having adapted our programme delivery to a hybrid model in August 2020 with the LTA #TennisAtHome, SLF was able to support coaching staff and PE departments in schools from September 2021. The charity also benefitted from government supported pandemic loans from Barclays Bank to assist recovery. We continued to furlough staff up to September 2021 which, although positive, meant that no furloughed staff could fundraise according to government guidelines. However, this was amended during the winter 2021-22 and during 2022-23 fundraising has been a priority. ## **6. To develop SLF’s staff and resources** Having established a core staff of first-class coaches reporting into the Operations Director, Administration Officer 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 and attend safeguarding training with guidance from Birmingham City Council. We are supported by a Financial Advisor and an Office Co-ordinator who work closely with the Chief Executive and SLF accountants. We are also fortunate to have legal advice provided to us on an in-kind basis by international solicitors Squire Patton Boggs. Delivery of our programmes is supported by school PE teachers, heads, chief executives and staff. 6 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. ## **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, 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** - _Football & Food,_ Black Country Consortium ‘Together Fund’ grant programme to deliver tennis and football to schools recommenced for a 34 week period/50 students. - _B2022 Games Small Grants Fund,_ Black Country Consortium to deliver tennis and football to schools August 2022, 80 students. - _Sport for Life International_ supported directly by 4 Birmingham schools, a 36 week a year after-school sports and healthy lifestyle coaching programme/120 students. This programme is on-going year on year. - _#Tennis At Home,_ a 32 part on-line tennis coaching series supported by the LTA and provided to students at - 5 Birmingham schools/150 students ## #TennisAtHome via uploaded content to schools’ portals and available via @SportFLI ‘X’ account. - _The Sport for Life Sports and Cricket Centre,_ year-round management - of a 12 acre/5 hectare sports and social club with bowling greens, cricket ground – redevelopment in 2023-24 to host an indoor cricket and tennis sports hall, outdoor cricket ground and 4G football ground with corporate partners. - _**Building Character through Sport**_ invited young people to group coaching sessions in 22 locations in Birmingham from July 2021-August 2022. Sessions took place for more than 250 primary school children, hosted by 4 highly qualified SFLI coaches from the local community with more than 10 years’ experience of working in primary and secondary schools as well as communities in east Birmingham. Specialist coaching includes 22 skill drills in 3 sports with rewards given for most improved performance. Over the period leading up to and beyond the Commonwealth Games Birmingham 2022, _Building Character through Sport_ ensured that 3 cricket coaches were qualified to coach LTA tennis. - In partnership with the Director of the Jubilee Centre for Character & Virtues, University of Birmingham, SLF invited 9 guests, many now famous sports stars to participate in the podcast ‘ **Conversations on Character in Sport – Commonwealth** 7 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. - **Games Special’** supported by the National Asian Cricket Council (NACC) the South Asian Cricket Association (SACA) and the Lawn Tennis Association (LTA). - In March 2023, SLF was successful with a grant application to coach tennis under _Building Character through Tennis_ to the **LTA Tennis Foundation** at 5 primary schools in Birmingham. ## **Events** SLF was delighted to have launched _Building Character through Sport_ (BCtS) at its Sports Centre in Birmingham prior to the Commonwealth Games Birmingham 2022. To thank those involved in making the partnership possible, guests including Professor Tom Harrison of University of Birmingham, David Grady CFO of B2022, David Chamberlain Trustee SLF, Claire Brown of the LTA and several others attended a lunch at the House of Lords given by Lord Richard Newby OBE, founder of SLF. All agreed to continue their valued assistance to help SLF achieve our aims. ## **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 10 schools in our network Over 250 hours of on-line and live coaching intervention (7.5 hours a week x 34 weeks) Over 500 student beneficiaries ## **3. Progress with schools** We are gradually increasing the number of schools we work with in Birmingham thereby developing our offer to young people and their communities in Birmingham and we hope next year in Bradford Leeds. Schools have been encouraged by our providing on-line video coaching to their students during the pandemic and we continue to build our relationship with Head Teachers and PE staff especially in those IMD areas 1-2 where high student numbers qualify for PPF. ## **CONCLUSION** In our first five years of operations, SLF has worked hard to assist some of the most challenged schools in Birmingham and help their young people from primary to secondary level to create opportunities through physical activities and sport. We have also helped 8 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. 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 not its impact on young people who could not attend school. 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. ## **PRIORITIES FOR 2023/24** SLF will be focussing on the following areas of priority for the coming year: ## **Expansion in sports and physical activity programmes** SLF plans to work closely with more schools in the 2023/24 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 bodies of sport 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 having initial discussions with The National Lottery Communities Fund. ## **Events** Depending on when the planning permission for the indoor centre in Birmingham is finally determined by Birmingham City Council, the Foundation will hold a launch event with corporate, cricket, football and tennis partners as well as press and elite players. ## **FINANCIAL REVIEW:** ## **a. Financial Summary** SLF’s sixth 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 bodies of sport grants, from trusts & foundations and from sports ground management and in 2022/23 we continued to see a drop in revenue for the third year running. This is improving somewhat, and we feel that 2023-24 will show better results and a greater amount of delivered coaching work with our new People Resources and Spaces strategy to be announced. THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. The senior management team continues to explore 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. ## **c. Support in Kind** Over the course of 2022/23 SLF received various in-kind advice and support from the corporate sector including: - The equivalent of 15 hours of legal advice from a Partner of Squire Patton Boggs LLP Birmingham The total value of donated services was £4,500. ## **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. 10 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. ## **BOARD OF TRUSTEES** SLF is governed by a Board of Trustees representing the public, private and third sectors. During the reporting period, the Trustees are: - Andrew Roberts - Brenda Pope - 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. The Group now meets regularly to gather opinions which 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 2023/24 in both Birmingham and Bradford Leeds. ## **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. 11 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: - Select suitable accounting policies and apply them consistently - Observe the methods and principles of the statement of recommended practice (SORP) - Make judgements and estimates that are reasonable and prudent - Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation 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 26[th] January 2024 and signed on its behalf. Jane S Power Chief Executive Officer 12 THE SPORT LEGACY FOUNDATION Empowering young people to change their lives through sport and education. Re8l$tered Charlty Number: 1171493 THE SPORT LEGACY FOUNDATION FINANCIAL STATEMENTS YEAR ENDED I ST MARCH 2 Page I THE SPORT LEGACY FOUNDATION NO. OF CHARITY - 1171493 YEAR ENDED 31ST MARCH 2023 INDEPENDEEn EXAMINER¥S REPORT TO THE TRUSTEES OF THE SPORT LEGACY FOUNDATION CROUP "the Crou I report to the trustees on my exarnlnatlon of the eonsolldated accounts of the Group comprlstng The Sport Legacy Foundarlon (the charltyl and Its subsldlary underLakln8 for the year ended 31st March. 2023. Re$ponslbllltlè8 and ba41¥ of report As the trustees of the eharlty you art rèsponstble for the preparatlon of the consolldated accounts of the Croup In accordance wlth the requtrements of che Charttles Act 2011 I'the Act") and you have chosen ro prepare consolldated accounts for the Group. You are satls£led that the aeeountg of boch thè Charlty and the Group are not requtred by charlty 18W to be audlted and you have chosen Instead to have an ndèpendent examLnat lon. I report In respect of my examlnatlon of the consolldated accounts carrled out under sectlon 145 of the 201I Acc. In carrylng out my examlnatlon I have followed the Dlrèctlons gtvÈn by the Charlty Commlsslon under &è¢tton 14515) Ibl of rhe Act. An tndependent examtnacton does noc Involve 8acherln8 all che evtdence rhat would be requlred In an audlt and consequently does not cover all the matterg th8[ an audltor conslders In gavlng thelr oplnlon on the accounts. The plannlng and conduct of an audlc goes bèyond thè ILmttÈd Assurance that an tndependenc examlThatLon can provlde. Consequently• I expre88 no oplnlon a8 to whether the eonsolldated 8eeounts prÈBènt 8 'true and falr, vlew and my report 18 llnlted to ch08e 8peclflc matters set out In the Independent Èxam£nÈr' s stateulent. Independent examlner 8 ¥tatement L have ¢owpleLed my ÈxamLnaclon. I conflrm that no matter9 have come to My attentlon In connèctlon wlth the examlnatlon 8lvln8 me cause to belleve: accountlng records, wlth respeet of the charltyi were not kept ag requlred by se¢cton 130 of the 2011 Act; and wlth respect to Its 8ubsldlary? were noc kept as requlred by Sectlon 386 of the Companles Acc 2006; or the accounts do noc accord wlch Lhose records: or the aeeounts do not comply wlth the appllcable requlrements concernlng che form and Content of accounts set out In che Charltles (Accounts and Reports) Re8ulatlons 2008 ocher chan atty requlrement that the accounts 8lve a 'true and falr" vlew whlch Is not a matter consldered as part of an Independent exatylnatlon: rhe aecounts have not been prepared In accordaThce wlth the methods and prlnclples of the Statement of Recommended Practlce for accountlng and reportln8 by charltles lapplleable to charltles preparlng thelr 8ccounts In accordance wlth the Flnanclal Reportlng Standard applleable In the UK and Republ1¢ of Ireland {FRS 102)) I conflrm rhat rherè arè no other matters to whlch your artentlon should be drawn to enable a proper understandlng of the accounts to be reached. GHT, FCCA, ATII NMON AND GARNER LIMITED CHARTERED ACCOUNTANTS BUILDING 2 30 FRIERN PARK NORTH FINCHLEY LONDON N12 9DA Date: 205P P&8e 2 THE SPORT LEGACY FOUNDATION CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIE YEAR ENDED 31ST MARCH 202 Unrestrlcted Restrleted Total Funds FuThds Funds 2023 023 2023 Total Funds 2022 Notes INCO Charltable aetlvltle$ 50.048 11,892 61.940 61,079 EXPENDIT Ralslng funds Charltable a¢tlvlcle$ 307 73,299 307 73,299 5,700 TOTAL EXPENDITURE £73,606 £73,606 £86.948 NET EXPENDITURE FOR THE YEAR NET MOVEMENT IN FUNDS (23,558) 11.892 {11 666) 125,8691 RECONCILIATION OF FUND Balance ac 1st Aprll. 2022 147.6341 19,399 {28,2351 12,366) BA NC AT 13 £171.1921 £3l,29l £(39,9011 £128,2351 Pase 3 Land and bulldltts• 11,300 9,600 D•btor• Ca•h at b•nk #rAd In haod io 1.240 Z.552 4.542 13,547 3,798 18.089 fallln8 du• vlthln one y••r 11 120,800) 118, 199) ij.. <17.002) Iiio) ount falllng du• af¢•r wre rh•n l y•ar 12 (34,199) 137.723) £(39.9011 £128,235) R•fytrlcted fund8 Unre8rrleted fund• 13 13 31.291 (71,1921 19.399 (47.6341 £(39,901) t(28,235) Inan¢lal •tataoènt• wer• approved by the tnx*tee• Zl sl EtceMLfvJ 2023 BERT8 TRUSTEE R•8l•¢•r•d Charlty Ilo 1 1171493 Pa8e 4 Inve8tA•rit• In &ub•ldl•ry L•Trd •nd bulldln88 100 11.300 loo 9.600 11,400 9.700 Debtor Ca8h at b•nk and In h•nd io 2.538 9.013 2.538 9,013 Amount# falllns due wlthln on• year 11 (28.479) {13.485) {25,941) (4,472) mounts foll£n8 due after more than l year 12 (20,75I) (22.819) £(35,292) (17,591) ReBtrlcted fund6 Unrestrlcted £und8 31.291 (66,583) 19.399 (36.990) £(35,292) t(17,591) Th flnanclal atemenf8 were approved by the tru8tee8 OD 2023, ROBERTS - RUSTEE R•8Lfjter￿ Charlty Ilo: I 171493 Page 5 ThE SPORT LECACY FOTJPIDATION NOTES TO ACCOU1￿$ L. LEGAL STATUS OF CHARITY Sport Legacy FoundatLon Is reglstered wlth the Charlty CoTtsmlsslon Ln Unlced E(Ingdorn as a charlty. The charlty's reglstered number Is 1171493. The charLty Is the beneflclal otmer of IOOX of the Issued share capItaL of a tradlng subsldtary company? SFLIUKI Ltd. SFL{UK) Ltd Is reglstered In England & Wales wlth company number 8191495. These accounts are consolldared to Include the results of SFLIUKI Ltd for the year ended 31st Mareh 2023. 2. ACCOUNTINC POLICIE Accountln conventlon The f Inanclal statements have been prepared In accordance wlth Aceountlng and Reportln8 by CharLtLes: Statement of Recomrnended Practlce appLlcable to charlt les prepartng thetr account$ In accordance wlth the Flnanclal ReportLng Standard applleable Ln the UK and RepubLle of Ireland IFRS 1021 (effectlve 1st January? 20151 ICharltLes SORP IFRS I02) l The FlnanclaL Reportlng Standard applleable In che UK and Republle of Ireland (FRS 102) and the Charlcy Act 2011. The charlty has taken advantage of the provlslons tTh the SORP for charLttes applytng FRS 102 Update Bulletln I not to prepare a Statement of Cash Flows. Sport Legacy Foundatlon meets the defLnLt£on of a publ£e benefLt ent£ty under FRS 102. Assets and Llabllltles are Inltlally recognlsed at hlstorleal Cost or transaetlon value unless otherwlse stated In the relevant accountlTh8 poLlcy notes. The flnanclal statements are prepared In sterltngi whLch Is che fuThctlonal curreney of the charlty. Monetary arnounts In these ftnanctal statements are rouTLded to the nearest £. The princtpal aceountlng pollcles adopted are set out below: Goln Concern At the tlmé of approvlng the flnanclal staternents, the trustees have a reasonable expeetatlon that the charlty has adequate resourees to contlnue In operaclonal exlstence for clLe foreseeable future. The chartty has been awarded several new grants from natlonal goverrklng bodles of sporr and nattonal lottery charlties between March-November 2023 amountlng co more than £60,000, new Contracts wlch MATS (rnulti academy trusts) In Blrmlngharn and Bradford Leeds and support fro]n Investment companles. Thus, they contlnue to adopt the golng concern basls of accountlng preparlng these f Inanclal scatements. Incorne Donatlons and other forms of voluntary Income are recognlsed as Income when recetvable* exeept Lnsofar as they are Incapable of flnanctal measureTDent. Incowe f rom other tradln8 actlvltles Is recognlsed when recelvable. Page 6 ThE SPORT LEGACY FOUNDATION NOTES TO THE Accoulirs 2. AccouiifINC POLICIE ¢ndlture Expendlture 18 accounted for on an accruals basls. CharLtable expendlture ¢ompr*ses tho$e Costs Incurred the dellvery of actlvltles and servlce8 for the benefLcLarles. ALI costs are allocated between the expendlture ¢ate8orles of che Statement of F£n8nel81 Aetlvlttes on a basls de$l8ned co reflect the use of the resource. relatln8 to a partlcular aet£vlty are alloeated dlrecrly. Costs Fund 8eeountlrt Unrestrlcted funds are donatlons and ocher Income re8ource8 recelvable or generated for the objects of the charlty wlthout further spec£f led purposé and are ava£l8ble as general funds. Rèstrt¢ted fund$ are t¢ be usèd for $pe¢£f£e purposes as lald dcwn by the donors. Expendlture wh£ch meets these erlterI8 Is ehar8ed to the fund. Thè purposes and uses of the re8trlcted funds are Set out In the notes to the flnanclal stacements. Debtor Debtors are recognlsed at the settlement amount due after any dlscount offered. PrePaY￿entS are valued 8C the awouThc prepald net of any dLscounts due. Cash at bank and In Cash at bank and In hand are basle flnanelal assets and Inelude Cash In hand, deposlts hèld 8t e811 wlth banks, other short tern Ilquld Investments wlth orl8lnal maturltles of three months or less, and bank overdraft. Bank overdrafts are shown borr¢)wlngs In current Ilabllltles. Credltors and rovlslong Credltors and provlslons are reeognlsed where the charlty has a present obllgatlo resulrtng from a past event that wlll probably result In the transfer of funds to a thlrd party and che afflount due to settle the obll8atlon can be measured or estlrnated reltably. Page 7 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2. ACCOUNTINC POLICIES cont. Flnanclal Instruments The charity has elected to apply the provlslons of SectLon 11 'Baslc Flnanctal Instruments and Seetlon 12 '0ther Flllanctal Instrurnencs Issues, of FRS 102 to all of Its f £nanclaL Instruments. Flnanclal Instrujrtents are reeognlsed the charlry's balaThce sheet when the eharlty becomes party to the contractuaL provlslons of the tnstrument. Ftnanclal assets and LlabLILtles are offset, wlth the net amounts presented In the ftnanclal staLements, when rhere Is a legally enforceable rlght to set off the reco8nised amourlts aThd there is an tntention to sectle on a net basls or to reallse the asset and sèttle the IlabllLLy slmultaneously. Basle flnanclal assets Baslc flnanclaL assets, whlch Inelude debtors and cash and bank balances, are ntttally measured at transactlon prlce Lncludlng transaetlon eoscs and are subsequently earrled at a]llorttsed cost uslng the effecrlve Interest method unless the arrangement constltutes a flnanclng transaetlon. when che transactlon Is measured at the present value of the future recelpts dtscounted at a market rate of Lnterest. Ftnanclal assecs classlfled as recelvable wlthln one year are not aanortlsed. Baslc f Inancial Ilabllltles Baslc flnanelal Ilabllltles, Includlng eredltors and bank loans are Inltlally reco8nlsed at transactlon prlce unless the arrangement eonstltutes a flnanelng transact ton where the debc Instrument Is rneasured at the present value of rhe future payments dlseounted at a market rate of Interest. Flnanclal ILablllties elasslfled as payable wlthin one year are not a]Dortlsed. Debt Instruments are subsequently carrled at amortlsed cost. uslng the effectlve Lnterest rate method. Trade eredltors are obllsatlons to pay for 8oods or $ervlces that have been acqulred In the ordlnary course of operations frorn suppllers. AmourLts payable are elasslfled as eurrent Llabllltles If payrnent Ls due wlthtn one year or less. If not. they are presented as non-current Ilabllltles. Trade credltors are recognlsed InltLally aL transaetlon prlee and subsequently measured at amorctsed cost using the ef fectlve Lnrere$t method. ee beneflts There were no beneflts In klnd provlded to enployees. Page 8 TEE SPORT LEGACY FOUIIDATION NOTES TO THE ACCOUl￿s 2023 2022 INCOME FROM CHARITABLE ACTIVITIES Sales wlthLn Charltable actlvLtles £61,940 £61,079 Anal sls b Fund Unrestr icted funds Restrlcted funds 50,048 11.892 51,089 9.990 £61,940 £61,079 Restrleted Funds anal sls Grants and donatlons £11,892 £9,990 There was no CoronavLrus Job Recentlon Scheme recelved from the government as at 21st Mareh 2023, 12022 £7. 167) are Included In Income frorn charttable acttvltles. 4. RAISINC FUNDS Seeklng donaclons, grants & legacLes £307 £5,700 5. CHARITABLE ACTIVIITES Unrestrlcted Funds 2023 Restrtcted Funds 2023 Total 2023 Total 2022 Staff costs Freelanee manager, s f ees Rent Travel & subslstence Slte manageytsent Postage & Sratlonery Insurance Telephone Accountancy Sundry Bank chargès General malncenance Coachlng f ees Sports clothlng & equlprnent Computer costs IThterpst 15.857 14.598 3,600 2. 160 3,664 306 920 557 4,200 269 48 L2,160 11,935 885 955 1.185 15,857 14,598 3,600 2, 160 3,664 306 920 557 4,200 269 48 12. 160 11,935 885 955 l.l85 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 £73.299 £73.299 £81,248 Page 9 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 6. TRUSTEES None of Lhe trustees or any persons connected to chem recelved any remuneratlon beneflts or expenses from the charlty durlng the year. 2023 2022 7. STAFF COSTS Staff costs were as follows: Salarles Soc lal securlty costs Temporary scaf f 15,000 857 20,000 1,547 160 £15,857 £21.700 No employee recelved emolumencs of more rhan £60.000. The average number of employees durlng che year was as follows:_ Management FIXED ASSETS INVESTMENTS The CharLt Investment In subs tdlary company £100 £100 Pa8e 10 THE SPORT LEGACY FOUNDATION NOTES TO THE ACCOUNTS 2022 FIXED ASSETS The Charlt & Its subsldlar The charlty Ls ralslng funds to aequlre and redevelop land to bulld a new communlty sports Club. The addltlons In the year are for archltect and legal fees for chls deveLopment. The co$r$ wlll be depreclated once the structure has been butLt and Is avalLable for use and eeonotyle beneflts wlll flow to the entlty. COST Land and bulldln Balance as at 1st Aprll. 2022 Addltlons Dlsposals 9,600 1,700 9,600 Balance as at 31st March 2023 £11,300 £9.600 DEPRECIATIOW Land and butldln Balance as at 1st Aprll. 2022 Charge for rhe year Dlsposals Balance tts at 31st March 2023 NET BOOK VALUE Balance as at 31st March 2023 £ll,300 £9,600 10. DEBTORS rhe Charlt" & Its subsldlar Trade debtor Ocher debtors 1,246 4,433 109 £1.246 £4.542 The Chartt BaLance due from substdlary company Other debtors Page 11 THE SPORT LEGACY FOUNDATIOII NOTES TO THE ACCOUNTS 2022 CREDITORS: AMQUNTS FALLING DUE WITHIN ONE YEAR The Charlt & Its subsldlar Loans repayable Accruals & aecrued Ineome Other cred£tors 4,719 9,726 6,355 6.255 10,822 1, 122 £20,800 £18, l99 zz= The harlt B8lancÈ dut to $ubBldtary company Loans repayable Accruals & accrued Income Other ered£tors 17,126 2.863 8,490 1,394 5,161 6,930 £28,479 £13,485 ZZ2= CREDITORS AMOUNT FALLING DUE AFfER IIORE THAN ONE YEAR The arlt & Its 8ub8ldl8r Loans payable £34, 199 £37,725 The Charlt Loans payable £20,751 £22,819 13. MOVKMENT IN FUNDS arlt It8 subsldlar B8lane¢ Movement In Resouree8 Ineom Out olTh Balance l.03.2 Unrestrlcted funds Restrlcted {47.634) 19,399 50,048 173.6061 171, 1921 £128.235) £61,940 tI73,606) £139,901) Page 12 THE SPORT LECACY FOUNDATION NOTES TO THE ACCOUNTS RELATED PARTIES In prevlous years, Mr. Andrew Roberts, a trustee, donated £17.000 and gave £3.000 to the charlty to enable a grant to be repatd as the reasons for It beLn8 made were no longer appLleable. Jane Power, the Chtef Executlve, donated £15.000 In September 2022 whLch attracted Clft Ald. The donatlon wag made to part repay the prevlous donatton and rhe above- mentloned loan to Andrew Roberts.