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 2025
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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 A. Pope | |
| Andrew B. Roberts | |
| Chief Executive: | Jane S. Power |
| Bankers: | Barclays Bank Plc |
| Oxford City Branch | |
| 13-15 Cornmarket Street | |
| Oxford OX1 3EY | |
| Independent Examiner: Newton & Garner Ltd. | 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 to 31[st] March 2025.
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:
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People:
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we believe that every young person can be amazing at sport and physical activity. They only need help to find out which sport or physical activity it is, and what makes them feel happy and fulfilled.
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we believe that sport and education are inextricably linked, and that every young person should be offered both to ensure physical and mental wellbeing all their life.
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Resources:
- we believe that everyone should be given equal opportunities to participate whatever their social or financial circumstances.
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Spaces:
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we aim to provide premium destinations for young people and their communities to enjoy activities safely 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 enough 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 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.
Added to this is a propensity for many young people to truant. In December 2023, the BBC Education & Laidlaw Foundation reported that a 20% of primary and secondary state school students are simply not attending school at all due to lack of engagement and this year, data showed about 18% of pupils were persistently absent, higher than the pre-Covid levels of about 11% (source: BBC Education 31.8.25).
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
Therefore we help young people to discover what they are brilliant at by funding extracurricular sport and physical activities in state schools in Birmingham and Bradford Leeds.
In the Caribbean we assist Sport for Life Barbados, founded with us as a legacy programme to the ICC Cricket World Cup in 2007, and we are working to re-establish Sport for Life 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 British South Asian community who display top tennis skills at our summer camp; secondary school girls in Birmingham in #RaiseMyGame Birmingham playing tennis and enjoying physical activity for the first time, a challenged Year 5 boy with sight disability playing tennis using jingle balls - 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 in areas of multiple deprivation (IMD 1-2) 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 2024-25, SLF’s main strategic objectives have been:
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:
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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.
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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.
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
- 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 of sport, 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, the Postcode Lottery Foundation, Noel Sweeney Foundation, donors and private Trusts and Foundations since 2017. We are also funded by corporate partners Central Co-operative in Birmingham to manage multiple sports facilities. This support enables SLF to deliver coaching programmes in schools and on local grounds which would otherwise not be possible.
- Direct funding from Multi Academy Trusts (MATs) has increased since 2024. We coach in more than 10 schools in Birmingham and 5 in Bradford Leeds and will increase this offer to a further 20 primary schools in the next year. Our sports
coaching programme Sport for Life International , , developed between 2010 and 2017 before becoming a part of SLF, is now 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) in August 2021 we are delighted now to be working with the Deputy Pro Vice Chancellor, University of Birmingham (UoB) to develop it further. Having tested its strengths, we are aiming for a launch in 2026, further testing in Multi-Academy Trusts (MATs) initially 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
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To introduce BCtS to the wider community, SLF also 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:
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Wasim Khan MBE , General Manager International Cricket Council,
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Sir John Crabtree OBE , Chair Board of Directors Birmingham 2022, Chair Tara Group
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Heather Knight OBE Former Captain England cricket team,
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Ebony Rainford-Brent MBE TV/Radio broadcaster & former England cricketer,
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Moeen Ali OBE , Former Vice-Captain England cricket team,
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Imad, Isah and Zoya, Students Birmingham,
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Jordanne Whiley MBE , Paralympic Tennis Medallist & Champion
THE SPORT LEGACY FOUNDATION
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Empowering young people to change their lives through sport and education.
SLF is now planning a book and a second series with UoB.
LTA Tennis Foundation . In 2023/24, SLF became one of the first charity partners to the LTA Tennis Foundation, delivering our coaching programme Building Character through Tennis (BCtT) to 5 primary schools in Birmingham over a 27 week period. Sessions consisted of 1.5 hours per week to 90 students per school, a total of 450 per annum.
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Buoyed by the success of BCtT, SLF applied for further grant funding in 2024-25 and successfully increased coaching levels to include 5 new primary schools in Bradford and in Birmingham, each school receiving 1.5 hours tennis and multisports per week over the year. More than 1,400 young students have now been through BCtT.
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6 SLF coaches have been trained and upskilled.
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Festivals held and prizes handed out to all involved.
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Mr Ahmed from Bradford Primary School March 2025 stated: “The children are really looking forward to it and have really enjoyed the sessions. I can see a huge improvement in their self-esteem and confidence in all subjects not only in PE and tennis. The coaches have been really good at adapting to their needs as we have children with mixed abilities. Thank you once again!”
#RaiseMyGame . At the request of the CEO and COO of Core&Co Education in Birmingham, SLF created a tennis coaching delivery programme entitled #RaiseMyGame 2024, a 27 week 3.5 hour per week delivery to 80 secondary school girls in two academies.
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Year One : March-Dec 2024 worked well, with M&E showing how once again the tennis coaching had provided enjoyment, improvement of self esteem and friendship to older girls.
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Year Two : Following confirmation of the success of the first series, we are delighted that we will be coaching at Core&Co’s 4 Birmingham academies from Sept 2025-July 2027.
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 in July each year. 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. SPACES: 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. Birmingham and Bradford rank amongst these and SLF has approached local authorities, in particular those with under-used outdoor cricket, football or tennis facilities, to co-develop or upgrade new spaces.
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
One such project is now underway with planning permission to be submitted by 2026 in cooperation with the Lawn Tennis Association (LTA) and National Asian Cricket Council (NACC) - advisers on South Asian cricket to the England & Wales Cricket Board (ECB) – the ECB and national grant givers. Excellent design advice and ground improvement is forthcoming from the LTA and England & Wales Cricket Board. Designs for a combined indoor cricket and tennis/padel facility have been drawn up by the LTA and we have met with local MP Jess Phillips, Birmingham City Council and Sport England positively pto present our plans.
5. 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 & UEFA Football and ECB Cricket at a higher level. All qualifications are upgraded annually, and we ensure that all coaches provide DBS Enhanced checks and attend safeguarding training with guidance from Birmingham City Council.
We are supported by a professional 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 by international solicitors Squire Patton Boggs.
Delivery of our programmes is supported by school PE teachers, heads, chief executives and staff as well as School Games Organisers who report our progress in the UK via a teachers’ regular newsletter ‘School Games’ run by DCMS, Youth Sport Trust and Sport England.
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 advice on public benefit when reviewing SLF’s aims and objectives and in planning future activities.
Chief activities
- ‘ Building Character through Tennis ’ LTA Tennis Foundation funded programme. 27 weeks’ coaching 1.5 hours per week per school in 5 primary schools in Birmingham, 5 in Bradford Leeds from September 2023- present day/ 900 students, new schools added annually:
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
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‘ #RaiseMyGame Core & Co Foundation funded programme. 27 weeks’ multisports and tennis coaching 3.5 hours per week in two secondary schools in Birmingham/ 7 hours a week 80 x Year 7,8,9 students Feb 2024-Jan 2025.
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‘ Building Character through Sport’ Summer Camp annually August; 60 x Year 6 students transitioning to Year 7, Black Country.
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Football & Food , Black Country Consortium ‘Together Fund’ grant programme to deliver tennis and football to schools recommenced for a 34 week period/50 students.
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Sport for Life International supported directly by 3
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Birmingham schools, a 36 week a year after-school sports
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and healthy lifestyle coaching programme/120 students. This programme is on-going year on year.
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#Tennis At Home, a 32 part on-line tennis coaching series supported by the LTA and provided to students at 5 Birmingham schools/150 #TennisAtHome
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students via uploaded content to schools’ portals and available via @SportFLI ‘X’ account.
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The Sport for Life International Centre, year-round management of
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a 12 acre/5 hectare sports and social club with bowling greens, cricket ground – redevelopment in 2025-26 to host an indoor cricket and tennis & padel canopied sports hall, outdoor cricket ground and football pitches with corporate partners.
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.
From there, SLF has built Building Character through Tennis (BCtT) and works closely with the LTA Tennis Foundation to develop it in Birmingham and Bradford.
Jane Power CEO and Lord Richard Newby co-founder SLF attended an LTA launch event at the House of Lords Spring 2025 to help build relations and give publicity to the excellent work LTA charities are achieving.
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
Objectives, Achievement and Performance for the Year
Chief Activities
During the year we delivered the following programmes:
NUMBERS OF YOUNG PEOPLE COACHED
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4 9 partner organisations
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4 25 schools in our network
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4 Over 770 hours per annum of live coaching intervention (28.5 hours a week x 27 weeks) annually.
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4 Over 1,300 student beneficiaries annually
3. Progress with schools
We are gradually increasing the number of schools we work with in the West Midlands and Yorkshire thereby developing our offer to young people and their communities in Birmingham and in Bradford Leeds.
Schools were encouraged by our providing on-line video coaching to their students during the pandemic and we continue to build our relationship with Head Teachers, School Games Organisers (SGOs) and PE staff especially in those IMD areas 1-2 where high student numbers qualify for PPF.
CONCLUSION
In our first eight years of operations, SLF has worked hard to assist some of the most challenged schools in Birmingham and Bradford to help 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 nor its long term aftermath and 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 2025/26
SLF will be focussing on the following areas of priority for the coming year:
Expansion in sports and physical activity programmes
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
SLF plans to work closely with more schools in the 2025/26 and expand the number of coaching programmes we deliver during the year whilst always making sure existing programmes are properly run and financed.
We plan to grow the delivery and impact of our coaching programme Building Character through Sport, Building Character through Tennis and Sport for Life International both in the UK and the eastern Caribbean.
Building Character through Sport - Educational Resource
Produce, launch and distribute Building Character through Sport as an Educational Resource with assistance from University of Birmingham and Multi-Academy chains in Birmingham and Bradford Leeds. Once accepted and co-developed, launch further afield in England & Wales and overseas.
Development of the Sport for Life International 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 with existing outdoor cricket ground. 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.
Once general planning permission is granted for the site in Birmingham, we will agree funding from our landlords Central Coop and others, submit our own planning application for the Sport for Life Centre and agree partnerships and funding.
Events
Depending on when the planning permission for the indoor centre in Birmingham is finally determined by Birmingham City Council, SLF will hold a launch event with corporate, cricket, football and tennis/padel partners as well as press and elite players.
We will also join University of Birmingham in autumn 2024 as one of their partners to discuss the Jubilee Centre for Character and Virtues’ conference for school PE teachers and Heads.
FINANCIAL REVIEW:
a. Financial Summary
SLF’s eighth financial year has seen trustees embed a long lasting relationship with the LTA Tennis Foundation leading on from the hybrid model of designing, delivering and evaluating on-line video and live tennis coaching programmes in a selection of Birmingham schools. Grant income is enabling us to branch out and to attract match funding for the programmes
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
we develop, from national governing bodies of sport grants, from trusts & foundations and from sports ground management and in 2023/24 we finally saw a rise in revenue for the first time in three years. This continues to improve, and we feel that 2024-25 will show better results and a greater amount of delivered coaching work with our new People, Resources and Spaces strategy to be announced.
However, 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. We also run a continuous programme of seeking excellent coaching staff and upgrading their qualifications in cricket, tennis and football.
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 2024/25 SLF received various in-kind advice and support from the corporate sector including financial advice, legal advice and fundraising via marathon running.
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 Trustee were 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.
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
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 are:
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Andrew Roberts
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Brenda Pope
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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 2025/26 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
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THE SPORT LEGACY FOUNDATION
Empowering young people to change their lives through sport and education.
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.
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:
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Select suitable accounting policies and apply them consistently
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Observe the methods and principles of the statement of recommended practice (SORP)
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Make judgements and estimates that are reasonable and prudent
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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 9[th] January 2026 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 Number: 1171493
THE SPORT LEGACY FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2025
THE SPORT LEGACY FOUNDATION
NO. OF CHARITY – 1171493
YEAR ENDED 31ST MARCH 2025
Page 1
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SPORT LEGACY FOUNDATION GROUP
(“the Group”)
I report to the trustees on my examination of the consolidated accounts of the Group comprising The Sport Legacy Foundation (the charity) and its subsidiary undertaking for the year ended 31st March 2025.
Responsibilities and basis 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 requirements of the Charities Act 2011 (“the Act”) and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Charity and the Group are not required by charity law to be audited and you have chosen instead to have an independent examination.
I report in respect of my examination of the consolidated accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination 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 considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records, with respect of the charity, were not kept as required by section 130 of the 2011 Act; and with respect to its subsidiary, were not kept as required by Section 386 of the Companies Act 2006; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination: or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. £. Xwoih-
R. KNIGHT, FCCA, ATII BUILDING 2 NEWTON AND GARNER LIMITED 30 FRIERN PARK CHARTERED ACCOUNTANTS NORTH FINCHLEY LONDON Date: 22nd December, 2025 N12 9DA
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THE SPORT LEGACY FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31ST MARCH 2025
INCOMECharitable activitiesEXPENDITURERaising fundsCharitable activitiesTOTAL EXPENDITURE NET MOVEMENT IN FUNDSTaxationRECONCILIATION OF FUNDSBalance at 1st April 2024BALANCE AT 31ST MARCH 2025 |
Unrestricted Restricted Total TotalFunds Funds Funds FundsNotes 2025 2025 2025 20243 63,084 31,400 94,484 106,8974 - - - -5 91,820 - 91,820 73,199------ ------ ------ ------£91,820 £ - £91,820 £73,199====== ====== ====== ======(28,736) 31,400 2,664 33,698(948)-(948) (379)(95,853) 89,271 (6,582) (39,901)------- ------- ----- ------13 £(125,537) £120,671 £(4,866) £(6,582)======= ======= ===== ===== |
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|---|---|---|
Page 3
THE SPORT LEGACY FOUNDATION
CONSOLIDATED BALANCE SHEET
|
AT_ 31ST MARCH 202
| Notes | Notes | 2025 | 2024 | |
|---|---|---|---|---|
| FIXED ASSETS | ||||
| Land and buildings | 9 | 11,300 | 11,300 | |
| CURRENT ASSETS | ||||
| Debtors | 10 | 4,530 | 11,581 | |
| Cash at bank and in hand | 24,876 | 26,937 | ||
| 29,406 | 38,518 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 11 | (19,119) | (25,036) | |
| NET CURRENT ASSETS/ (LIABILITIES) | 10,287 | 13,482 | ||
| CREDITORS | ||||
| Amount falling due after more | ||||
| than 1 year |
12 | (26,453) | (31,364) | |
| NET LIABILITIES | £(4,866) | £(6,582) | ||
| FUNDS | ||||
| Restricted funds | 13 | 120,671 | 89,271 | |
| Unrestricted funds | 13 | (125,537) | (95,853) | |
| TOTAL CHARITY FUNDS | £(4,866) | £(6,582) | ||
| Thefinancialstatementswereapprovedby |
{) |
thetrusteeson | 4 |
The financial statements were approved by the trustees on | {)
A.P. ROBERTS TRUSTEE
Registered Charity No: 1171493
Page 4
THE SPORT LEGACY FOUNDATION
BALANCE SHEET
AT 31ST MARCH 2025
| Notes | Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| FIXED ASSETS | ||||||
| Investments in subsidiary | 8 | 100 | 100 | |||
| Land and buildings | 9 | 11,300 | 11,300 | |||
| 11,400 | 11,400 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 10 | - | 7,500 | |||
| Cash at bank and in hand | 23,955 | 19,167 | ||||
| 23,955 | 26,667 | |||||
| CREDITORS | ||||||
| Amounts falling due within one | year | 11 | (29,623) | (26,892) | ||
| NET CURRENT LIABILITIES | (5,668) | (225) | ||||
| CREDITORS | ||||||
| Amounts falling due after more | ||||||
| than 1 year |
12 | (16,041) | (19,162) | |||
| NET LIABILITIES | £(10,309) | (7,987) | ||||
| FUNDS | ||||||
| Restricted funds | 120,671 | 89,271 | ||||
| Unrestricted funds | (130,980) | (97,258) | ||||
| £(10,309) | £(7,987) | |||||
| ssa | sess | |||||
| Thefinancialstatementswere | approvedby | thetrusteeson | ( | Vd | »2025. |
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THE SPORT LEGACY FOUNDATION
NOTES TO ACCOUNTS
Page 5
1. LEGAL STATUS OF CHARITY
Sport Legacy Foundation is registered with the Charity Commission in United Kingdom
as a charity. The charity’s registered number is 1171493.
The charity is the beneficial owner of 100% of the issued share capital of a trading
subsidiary company, SFL(UK) Ltd.
SFL(UK) Ltd is registered in England & Wales with company number 8191495.
These accounts are consolidated to include the results of SFL(UK) Ltd for the year
ended 31st March 2025.
2. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities:- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)(effective 1st January, 2015) –
(Charities SORP (FRS 102)) The Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Charity Act 2011.
The charity has taken advantage of the provisions in the SORP for charities applying
FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Sport Legacy Foundation meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency
of the charity. Monetary amounts in these financial statements are rounded to the
nearest £.
The principal accounting policies adopted are set out below:
Going Concern
At the time of approving the financial statements, the trustees have a reasonable
expectation that the charity has adequate resources to continue in operational
existence for the foreseeable future. The charity has been awarded several new
grants from NGBs (national governing bodies of sport) and contracts with MATs (multi
academy trusts) in Birmingham and Bradford Leeds and support from investment
companies. Thus, they continue to adopt the going concern basis of accounting in
preparing these financial statements.
Income
Donations and other forms of voluntary income are recognised as income when
receivable, except insofar as they are incapable of financial measurement.
Income from other trading activities is recognised when receivable.
Page 6
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2. ACCOUNTING POLICIES (cont.)
Expenditure
Expenditure is accounted for on an accruals basis.
Charitable expenditure comprises those costs incurred in the delivery of activities
and services for the beneficiaries.
All costs are allocated between the expenditure categories of the Statement of
Financial Activities on a basis designed to reflect the use of the resource. Costs
relating to a particular activity are allocated directly.
Fund accounting
Unrestricted funds 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 specific purposes as laid down by the donors.
Expenditure which meets these criteria is charged to the fund. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Debtors
Debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any discounts 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 term liquid investments with original
maturities of three months or less, and bank overdraft. Bank overdrafts are shown
within borrowings in current liabilities.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation
resulting from a past event that will probably result in the transfer of funds to a
third party and the amount due to settle the obligation can be measured or estimated
reliably.
Page 7
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2. ACCOUNTING POLICIES (cont.)
Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial
Instruments and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of
its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the
financial statements, when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are
initially measured at transaction price including transaction costs and are
subsequently carried at amortised cost using the effective interest method unless the
arrangement constitutes a financing transaction, when the transaction is measured at
the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially
recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired
in the ordinary course of operations from suppliers. Amounts payable are classified
as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective
interest method.
Employee benefits
There were no benefits in kind provided to employees.
Page 8
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2025 2024
3.INCOME FROM CHARITABLE ACTIVITIES
Sales within Charitable activities £94,484 £106,897
====== =======
Analysis by Fund
Unrestricted funds 63,084 48,917
Restricted funds 31,400 57,980
------ -------
£94,484 £106,897
====== =======
Restricted Funds analysis
Grants and donations £31,400 £57,980
====== ======
4. RAISING FUNDS
Seeking donations, grants & legacies £ - £ -
=== ===
5.CHARITABLE ACTIVIITES
Unrestricted Restricted Total Total
Funds 2025 Funds 2025 2025 2024
Freelance manager’s fees 14,472 - 14,472 14,472
Administration 2,293 - 2,293 192
Rent 3,600 - 3,600 900
Travel & subsistence 2,898 - 2,898 2,855
Site management 337 - 337 3,136
Postage & Stationery 132 - 132 414
Insurance 1,236 - 1,236 1,493
Telephone 1,499 - 1,499 1,499
Accountancy 4,800 - 4,800 4,200
Sundry 330 - 330 269
Bank charges 150 - 150 107
General maintenance 12,945 - 12,945 20,423
Coaching fees 42,725 - 42,725 20,479
Sports clothing & equipment 2,221 - 2,221 1,257
Computer costs 1,204 - 1,204 797
Interest 978 - 978 706
------ ----- ------ ------
£91,820 £ - £91,820 £73,199
====== ===== ====== ======
Page 9
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
6. TRUSTEES
None of the trustees or any persons connected to them received any remuneration
benefits or expenses from the charity during the year.
20252024
7.STAFF COSTS
Staff costs were as follows:-
Salaries - -
Social security costs - -
------ ------
£ - £ -
====== ======
No employee received emoluments of more than £60,000.
The average number of employees during
the year was as follows:-
Management 1 1
= =
8. FIXED ASSETS INVESTMENTS
The Charity
Investment in subsidiary company £100 £100
=== ===
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
Page 10
2025 2024
9. FIXED ASSETS
The Charity & its subsidiary
The charity is raising funds to acquire and redevelop land to build a new community
sports club. The additions in the year are for architect and legal fees for this
development. The costs will be depreciated once the structure has been built and is
available for use and economic benefits will flow to the entity.
COST
Land and building
Balance as at 1st April 2024 11,300 11,300
Additions - -
Disposals - -
----- -----
Balance as at 31st March 2025 £11,300 £11,300
====== =====
DEPRECIATION
Land and building
Balance as at 1st April 2024 - -
Charge for the year - -
Disposals - -
----- -----
Balance as at 31st March 2025 £ - £ -
===== =====
NET BOOK VALUE
Balance as at 31st March 2025 £11,300 £11,300
====== ======
10. DEBTORS
The Charity & its subsidiary
Trade debtors £4,530 £11,581
===== ======
The Charity
Trade debtors £ - £7,500
===== =====
Page 11
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2025 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
The Charity & its subsidiary
Loans repayable 5,034 4,841
Accruals & accrued income 12,479 13,389
Other creditors 1,606 6,806
------ ------
£19,119 £25,036
====== ======
The Charity
Balance due to subsidiary company 21,078 14,939
Loans repayable 3,055 2,863
Accruals & accrued income 5,490 9,090
------ ------
£29,623 £26,892
====== ======
12. CREDITORS AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR
The Charity & its subsidiary
Loans payable £26,453 £31,364
====== =====
The Charity
Loans payable £16,041 £19,162
====== ======
13. MOVEMENT IN FUNDS
The Charity & its subsidiary
Balance Movement in ResourcesBalance
01.04.24 Incoming Outgoing31.03.25
Unrestricted funds (95,853) 63,084 (92,768) (125,537)
Restricted 89,271 31,400 - 120,671
------ ------ ------ ------
£(6,582) £94,484 £(92,768) £(4,866)
===== ====== ====== =====
Registered Charity Number: 1171493
THE SPORT LEGACY FOUNDATION
FINANCIAL STATEMENTS
YEAR ENDED 31ST MARCH 2025
THE SPORT LEGACY FOUNDATION
NO. OF CHARITY – 1171493
YEAR ENDED 31ST MARCH 2025
Page 1
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE SPORT LEGACY FOUNDATION GROUP
(“the Group”)
I report to the trustees on my examination of the consolidated accounts of the Group comprising The Sport Legacy Foundation (the charity) and its subsidiary undertaking for the year ended 31st March 2025.
Responsibilities and basis 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 requirements of the Charities Act 2011 (“the Act”) and you have chosen to prepare consolidated accounts for the Group. You are satisfied that the accounts of both the Charity and the Group are not required by charity law to be audited and you have chosen instead to have an independent examination.
I report in respect of my examination of the consolidated accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent examination 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 considers in giving their opinion on the accounts. The planning and conduct of an audit goes beyond the limited assurance that an independent examination can provide. Consequently, I express no opinion as to whether the consolidated accounts present a ‘true and fair’ view and my report is limited to those specific matters set out in the independent examiner’s statement.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records, with respect of the charity, were not kept as required by section 130 of the 2011 Act; and with respect to its subsidiary, were not kept as required by Section 386 of the Companies Act 2006; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a “true and fair” view which is not a matter considered as part of an independent examination: or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102}).
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached. £. Xwoih-
R. KNIGHT, FCCA, ATII BUILDING 2 NEWTON AND GARNER LIMITED 30 FRIERN PARK CHARTERED ACCOUNTANTS NORTH FINCHLEY LONDON Date: 22nd December, 2025 N12 9DA
Page 2
THE SPORT LEGACY FOUNDATION
CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31ST MARCH 2025
INCOMECharitable activitiesEXPENDITURERaising fundsCharitable activitiesTOTAL EXPENDITURE NET MOVEMENT IN FUNDSTaxationRECONCILIATION OF FUNDSBalance at 1st April 2024BALANCE AT 31ST MARCH 2025 |
Unrestricted Restricted Total TotalFunds Funds Funds FundsNotes 2025 2025 2025 20243 63,084 31,400 94,484 106,8974 - - - -5 91,820 - 91,820 73,199------ ------ ------ ------£91,820 £ - £91,820 £73,199====== ====== ====== ======(28,736) 31,400 2,664 33,698(948)-(948) (379)(95,853) 89,271 (6,582) (39,901)------- ------- ----- ------13 £(125,537) £120,671 £(4,866) £(6,582)======= ======= ===== ===== |
|
|---|---|---|
Page 3
THE SPORT LEGACY FOUNDATION
CONSOLIDATED BALANCE SHEET
|
AT_ 31ST MARCH 202
| Notes | Notes | 2025 | 2024 | |
|---|---|---|---|---|
| FIXED ASSETS | ||||
| Land and buildings | 9 | 11,300 | 11,300 | |
| CURRENT ASSETS | ||||
| Debtors | 10 | 4,530 | 11,581 | |
| Cash at bank and in hand | 24,876 | 26,937 | ||
| 29,406 | 38,518 | |||
| CREDITORS | ||||
| Amounts falling due within one year | 11 | (19,119) | (25,036) | |
| NET CURRENT ASSETS/ (LIABILITIES) | 10,287 | 13,482 | ||
| CREDITORS | ||||
| Amount falling due after more | ||||
| than 1 year |
12 | (26,453) | (31,364) | |
| NET LIABILITIES | £(4,866) | £(6,582) | ||
| FUNDS | ||||
| Restricted funds | 13 | 120,671 | 89,271 | |
| Unrestricted funds | 13 | (125,537) | (95,853) | |
| TOTAL CHARITY FUNDS | £(4,866) | £(6,582) | ||
| Thefinancialstatementswereapprovedby |
{) |
thetrusteeson | 4 |
The financial statements were approved by the trustees on | {)
A.P. ROBERTS TRUSTEE
Registered Charity No: 1171493
Page 4
THE SPORT LEGACY FOUNDATION
BALANCE SHEET
AT 31ST MARCH 2025
| Notes | Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|---|
| FIXED ASSETS | ||||||
| Investments in subsidiary | 8 | 100 | 100 | |||
| Land and buildings | 9 | 11,300 | 11,300 | |||
| 11,400 | 11,400 | |||||
| CURRENT ASSETS | ||||||
| Debtors | 10 | - | 7,500 | |||
| Cash at bank and in hand | 23,955 | 19,167 | ||||
| 23,955 | 26,667 | |||||
| CREDITORS | ||||||
| Amounts falling due within one | year | 11 | (29,623) | (26,892) | ||
| NET CURRENT LIABILITIES | (5,668) | (225) | ||||
| CREDITORS | ||||||
| Amounts falling due after more | ||||||
| than 1 year |
12 | (16,041) | (19,162) | |||
| NET LIABILITIES | £(10,309) | (7,987) | ||||
| FUNDS | ||||||
| Restricted funds | 120,671 | 89,271 | ||||
| Unrestricted funds | (130,980) | (97,258) | ||||
| £(10,309) | £(7,987) | |||||
| ssa | sess | |||||
| Thefinancialstatementswere | approvedby | thetrusteeson | ( | Vd | »2025. |
----- Start of picture text -----
\
----- End of picture text -----
A q) } AY“\ , A.P. ROBERTS - [TRUSTEE Registered Charity No: 1171493
THE SPORT LEGACY FOUNDATION
NOTES TO ACCOUNTS
Page 5
1. LEGAL STATUS OF CHARITY
Sport Legacy Foundation is registered with the Charity Commission in United Kingdom
as a charity. The charity’s registered number is 1171493.
The charity is the beneficial owner of 100% of the issued share capital of a trading
subsidiary company, SFL(UK) Ltd.
SFL(UK) Ltd is registered in England & Wales with company number 8191495.
These accounts are consolidated to include the results of SFL(UK) Ltd for the year
ended 31st March 2025.
2. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared in accordance with Accounting and
Reporting by Charities:- Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard
applicable in the UK and Republic of Ireland (FRS 102)(effective 1st January, 2015) –
(Charities SORP (FRS 102)) The Financial Reporting Standard applicable in the UK and
Republic of Ireland (FRS 102) and the Charity Act 2011.
The charity has taken advantage of the provisions in the SORP for charities applying
FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.
Sport Legacy Foundation meets the definition of a public benefit entity under
FRS 102. Assets and liabilities are initially recognised at historical cost or
transaction value unless otherwise stated in the relevant accounting policy notes.
The financial statements are prepared in sterling, which is the functional currency
of the charity. Monetary amounts in these financial statements are rounded to the
nearest £.
The principal accounting policies adopted are set out below:
Going Concern
At the time of approving the financial statements, the trustees have a reasonable
expectation that the charity has adequate resources to continue in operational
existence for the foreseeable future. The charity has been awarded several new
grants from NGBs (national governing bodies of sport) and contracts with MATs (multi
academy trusts) in Birmingham and Bradford Leeds and support from investment
companies. Thus, they continue to adopt the going concern basis of accounting in
preparing these financial statements.
Income
Donations and other forms of voluntary income are recognised as income when
receivable, except insofar as they are incapable of financial measurement.
Income from other trading activities is recognised when receivable.
Page 6
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2. ACCOUNTING POLICIES (cont.)
Expenditure
Expenditure is accounted for on an accruals basis.
Charitable expenditure comprises those costs incurred in the delivery of activities
and services for the beneficiaries.
All costs are allocated between the expenditure categories of the Statement of
Financial Activities on a basis designed to reflect the use of the resource. Costs
relating to a particular activity are allocated directly.
Fund accounting
Unrestricted funds 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 specific purposes as laid down by the donors.
Expenditure which meets these criteria is charged to the fund. The purposes and
uses of the restricted funds are set out in the notes to the financial statements.
Debtors
Debtors are recognised at the settlement amount due after any discount offered.
Prepayments are valued at the amount prepaid net of any discounts 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 term liquid investments with original
maturities of three months or less, and bank overdraft. Bank overdrafts are shown
within borrowings in current liabilities.
Creditors and provisions
Creditors and provisions are recognised where the charity has a present obligation
resulting from a past event that will probably result in the transfer of funds to a
third party and the amount due to settle the obligation can be measured or estimated
reliably.
Page 7
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2. ACCOUNTING POLICIES (cont.)
Financial instruments
The charity has elected to apply the provisions of Section 11 ‘Basic Financial
Instruments and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of
its financial instruments.
Financial instruments are recognised in the charity’s balance sheet when the charity
becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the
financial statements, when there is a legally enforceable right to set off the
recognised amounts and there is an intention to settle on a net basis or to realise
the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are
initially measured at transaction price including transaction costs and are
subsequently carried at amortised cost using the effective interest method unless the
arrangement constitutes a financing transaction, when the transaction is measured at
the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially
recognised at transaction price unless the arrangement constitutes a financing
transaction, where the debt instrument is measured at the present value of the future
payments discounted at a market rate of interest. Financial liabilities classified as
payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired
in the ordinary course of operations from suppliers. Amounts payable are classified
as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Trade creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective
interest method.
Employee benefits
There were no benefits in kind provided to employees.
Page 8
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2025 2024
3.INCOME FROM CHARITABLE ACTIVITIES
Sales within Charitable activities £94,484 £106,897
====== =======
Analysis by Fund
Unrestricted funds 63,084 48,917
Restricted funds 31,400 57,980
------ -------
£94,484 £106,897
====== =======
Restricted Funds analysis
Grants and donations £31,400 £57,980
====== ======
4. RAISING FUNDS
Seeking donations, grants & legacies £ - £ -
=== ===
5.CHARITABLE ACTIVIITES
Unrestricted Restricted Total Total
Funds 2025 Funds 2025 2025 2024
Freelance manager’s fees 14,472 - 14,472 14,472
Administration 2,293 - 2,293 192
Rent 3,600 - 3,600 900
Travel & subsistence 2,898 - 2,898 2,855
Site management 337 - 337 3,136
Postage & Stationery 132 - 132 414
Insurance 1,236 - 1,236 1,493
Telephone 1,499 - 1,499 1,499
Accountancy 4,800 - 4,800 4,200
Sundry 330 - 330 269
Bank charges 150 - 150 107
General maintenance 12,945 - 12,945 20,423
Coaching fees 42,725 - 42,725 20,479
Sports clothing & equipment 2,221 - 2,221 1,257
Computer costs 1,204 - 1,204 797
Interest 978 - 978 706
------ ----- ------ ------
£91,820 £ - £91,820 £73,199
====== ===== ====== ======
Page 9
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
6. TRUSTEES
None of the trustees or any persons connected to them received any remuneration
benefits or expenses from the charity during the year.
20252024
7.STAFF COSTS
Staff costs were as follows:-
Salaries - -
Social security costs - -
------ ------
£ - £ -
====== ======
No employee received emoluments of more than £60,000.
The average number of employees during
the year was as follows:-
Management 1 1
= =
8. FIXED ASSETS INVESTMENTS
The Charity
Investment in subsidiary company £100 £100
=== ===
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
Page 10
2025 2024
9. FIXED ASSETS
The Charity & its subsidiary
The charity is raising funds to acquire and redevelop land to build a new community
sports club. The additions in the year are for architect and legal fees for this
development. The costs will be depreciated once the structure has been built and is
available for use and economic benefits will flow to the entity.
COST
Land and building
Balance as at 1st April 2024 11,300 11,300
Additions - -
Disposals - -
----- -----
Balance as at 31st March 2025 £11,300 £11,300
====== =====
DEPRECIATION
Land and building
Balance as at 1st April 2024 - -
Charge for the year - -
Disposals - -
----- -----
Balance as at 31st March 2025 £ - £ -
===== =====
NET BOOK VALUE
Balance as at 31st March 2025 £11,300 £11,300
====== ======
10. DEBTORS
The Charity & its subsidiary
Trade debtors £4,530 £11,581
===== ======
The Charity
Trade debtors £ - £7,500
===== =====
Page 11
THE SPORT LEGACY FOUNDATION
NOTES TO THE ACCOUNTS
2025 2024
11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
The Charity & its subsidiary
Loans repayable 5,034 4,841
Accruals & accrued income 12,479 13,389
Other creditors 1,606 6,806
------ ------
£19,119 £25,036
====== ======
The Charity
Balance due to subsidiary company 21,078 14,939
Loans repayable 3,055 2,863
Accruals & accrued income 5,490 9,090
------ ------
£29,623 £26,892
====== ======
12. CREDITORS AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR
The Charity & its subsidiary
Loans payable £26,453 £31,364
====== =====
The Charity
Loans payable £16,041 £19,162
====== ======
13. MOVEMENT IN FUNDS
The Charity & its subsidiary
Balance Movement in ResourcesBalance
01.04.24 Incoming Outgoing31.03.25
Unrestricted funds (95,853) 63,084 (92,768) (125,537)
Restricted 89,271 31,400 - 120,671
------ ------ ------ ------
£(6,582) £94,484 £(92,768) £(4,866)
===== ====== ====== =====